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

More News, Rumors and Opinions Wednesday Afternoon 2-7-2024

JPMorgan to open more than 500 new bank branches over next three years

By Nupur Anand

NEW YORK (Reuters) โ€“ JPMorgan Chase said on Tuesday it was embarking on one of its most aggressive bank branch expansions in recent years, with plans to add more than 500 new U.S. locations by 2027 to broaden its footprint in areas where it is under-represented.

The multi-billion dollar investment will see it open new branches in places including Boston, Charlotte, the area surrounding Washington D.C., Minneapolis and Philadelphia, the bank said.

It did not specify the exact amount of the investment.

JPMorganโ€™s aggressive expansion strategy comes as some other lenders have been shrinking their presence. The number of active branches in the U.S. totaled 77,690 after 123 closures and 80 openings in the month of October, according to S&P Global Market Intelligence.

JPMorgan to open more than 500 new bank branches over next three years

By Nupur Anand

NEW YORK (Reuters) โ€“ JPMorgan Chase said on Tuesday it was embarking on one of its most aggressive bank branch expansions in recent years, with plans to add more than 500 new U.S. locations by 2027 to broaden its footprint in areas where it is under-represented.

The multi-billion dollar investment will see it open new branches in places including Boston, Charlotte, the area surrounding Washington D.C., Minneapolis and Philadelphia, the bank said.

It did not specify the exact amount of the investment.

JPMorganโ€™s aggressive expansion strategy comes as some other lenders have been shrinking their presence. The number of active branches in the U.S. totaled 77,690 after 123 closures and 80 openings in the month of October, according to S&P Global Market Intelligence.

JPMorgan had the largest network at the end of 2023 with 4,897 branches. Rival Bank of America, which has also been adding new branches, had 3,845 at the end of December.

Buoyed by resilient consumers while bringing in more income from clientsโ€™ interest payments as the Federal Reserve raised borrowing costs, JPMorgan made a record annual profit in 2023.

The bankโ€™s new branches will typically have a consultative area for customers to have a private conversation and will not use the teller line as the main focal point, Chase Consumer Banking CEO Jennifer Roberts told Reuters.

โ€œOur branch network is one of the key reasons that customer open accounts with us and it has helped us attract deposits,โ€ Roberts said. โ€œWe really view our branches as a storefront for the entire company and it is an anchor for us to expand our relationship with customers as we aim to be their primary financial partner.โ€

Marianne Lake, JPMorganโ€™s CEO of consumer and community banking, said at an investor conference in December that the bank was continuing to invest in its branch network and had a less than 5% branch share in 17 of the top 50 markets where it is trying to expand.

In the last five years the bank had added 650 new branches, Lake said during its investor day presentation last May.

She was appointed the sole CEO of the consumer division last month, which she previously ran together with Jennifer Piepszak.

The lender also plans to renovate nearly 1,700 of its other existing branches in the U.S. and will be hiring 3,500 more employees for its branch network. The bank had 309,926 employees worldwide at the end of December, higher than any of its peers.

JPMorgan also plans to close an additional 30 branches out of the nearly 60 that it has acquired during the First Republic Bank takeover last year, Roberts said. First Republic had 84 branches in eight states, and soon after the acquisition JPMorgan had announced it would shut about 21 of those.

The lender is also working to overhaul more than 20 of the First Republic locations into JPMorgan branches that will be distinct in branding and design compared to its Chase branches and aimed at its affluent clients, the bank said.

(Reporting by Nupur Anand in New York; Editing by Jamie Freed)

REUTERS ON MSN

Read full article here:  https://dinarchronicles.com/2024/02/06/jpmorgan-to-open-more-than-500-new-bank-branches/

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Chinese New Year Starts Saturday Feb.10th

February 10 brings the start of the Lunar New Year and the year of the Yang Wood Dragon! The Dragon is one of the most auspicious signs in the Chinese zodiac because of its ability to swim, fly, walk on land, and travel between between dimensions.

The dragon represents power and courage, but is also a symbol of peace. This is a good year for daring moves, finding your strength, and new beginnings.   The Year of the Yang Wood Dragon is a fantastic time to start a new business or to begin growing and expanding your hopes and dreams. It is a year to push your horizons and be a little more daring.

Confidence will be on our side, and especially if we are leading with the heart, we are likely to create a lot of success.

Opening ourselves to receiving, and recognizing the value we offer are also big themes this year. It seems we are being guided to love ourselves more deeply and to celebrate all that we have to offer.

We are in the Spring season of our lives this year, and under the Dragon, we can sharpen our skills, tap into greater wisdom, and find the bravery needed to live the life of our dreams. Technology, AI, and creative industries will benefit the most from this yearโ€™s energies.

Forever Conscious

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

Frank26    [Fort Worth Chase Bank Story]   BANK VISITOR:    I went to one of the largest Chase Banks in Dallas.  This bank is different than I've ever seen.  It was two stories and upstairs there was many window you couldn't see into. FRANK:   A lot of banks are metamorphosizing their environment in order to be part of the exchange process...  BANK VISITOR:  I go and sit down and within 5 minutes this private banker, who BTW is Vice President on his card, comes over and greets me...I said I have a large amount of foreign currency and can you let me know when you will be able to exchange this currency.  I didn't say dinar...I said I know we're getting close...with Chase being the number one bank in Iraq.  He looked at me and grinned and he said, I've got a couple other clients just like you. [Post 1 of 2....stay tuned]

Frank26  I email them from time to time and give them an update on what's going on...He said you know there's been a lot of speculation on the foreign currencies and when they were going to revalue.  He never said it was a scam.  He looked at me and grinned.  He said we will be in touch with you.  Then I said to him, let me ask you something, nothing against your other locations but how come they haven't treated me this way?  They know who I am.  I go there all the time.  He said, this particular site is set up to help customers like you.  He said, 'we are directly tied to JP Morgan in New York.  This is how we operate this site'...You get that feeling when you're sat in front of these people that something's going on now and they may not be able to tell you all of it but they know who has what.  [Post 2 of 2]

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MULTIPLE BANKS ARE ABOUT TO FAIL... TAKE ACTION NOW.

Greg Mannarino:  2-7-2024

https://www.youtube.com/watch?v=iTEzexhZ7TY

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A New Economic Landscape: The Declining Role Of The Petrodollar : Awake-In-3D

A New Economic Landscape: The Declining Role Of The Petrodollar

On February 6, 2024 By Awake-In-3D

In Fiat Debt System Collapse

The global economic landscape is on the cusp of a monumental shift as key oil-producing nations, including Russia and Saudi Arabia, are increasingly eyeing the Chinese yuan over the US dollar for oil trades.

This has considerably critical implications for not just for the oil market, but for the broader global economy, particularly impacting the US dollarโ€™s global standing.

A New Economic Landscape: The Declining Role Of The Petrodollar

On February 6, 2024 By Awake-In-3D

In Fiat Debt System Collapse

The global economic landscape is on the cusp of a monumental shift as key oil-producing nations, including Russia and Saudi Arabia, are increasingly eyeing the Chinese yuan over the US dollar for oil trades.

This has considerably critical implications for not just for the oil market, but for the broader global economy, particularly impacting the US dollarโ€™s global standing.

The Dollarโ€™s Diminishing Dominance

The US dollar has long been the core currency of the global oil market, a status that has significantly bolstered its strength and stability on the world stage.

Also see: The Global Financial/Economic Landscape Transforming for a RESET โ€“ Hereโ€™s Why

However, the shift towards the yuan, and other currencies, for oil trades would trigger a decrease in global reliance on the dollar, which would have severe implications.

Dramatic Economic Consequences for the U.S.

  • Impact on Dollar Exchange Rates: A decrease in the global demand for the US dollar for oil trades could lead to a depreciation in its value. This devaluation could affect everything from the cost of imports and exports to the financial strategies of multinational corporations.

  • Reduced Demand for US Treasuries: The US dollarโ€™s strength and stability have traditionally made US Treasury bonds a highly attractive investment for foreign governments and investors. A shift away from the dollar in oil trade could reduce this demand, potentially increasing interest rates in the US as the Treasury may have to offer higher yields to attract buyers.

  • Escalating US Inflation: The decreased demand for the dollar will lead to increased inflation in the US. As the dollarโ€™s value drops, it would become more expensive to import goods, contributing to rising prices domestically.

  • Challenges in Exporting US Debt: A significant advantage for the US has been its ability to export its debt, borrowing money at relatively low interest rates due to the high demand for its debt instruments globally. A reduced demand for the dollar will disrupt this ability, leading to higher borrowing costs for the US government.

  • Global Economic Realignments: This shift might not only affect the US but will also lead to broader economic realignments. As countries adapt to new trading currencies, we will see significant changes in global trade partnerships and financial alliances.

Also see: BRICS Initiates Chinese Yuanโ€™s Rise: JP Morgan Says Potential End for the US Dollar

What Does This Mean for the Average Person?

While these developments might seem distant, they will impact everyday life. From changes in gas prices to fluctuations in the stock market, the ripple effects of a shift in the global oil trade currency will reach the pockets of both consumers and investors alike.

While the full extent of these changes remains to be seen, the growing shift away from the US dollar in global oil trade signifies a major economic realignment with far-reaching implications.

Understanding the dynamics at play and their possible impacts is key to navigating this new economic terrain.

See also: Goodbye PetroDollar: Saudi Arabiaโ€™s Plan to Decouple from the Dollar

ยฉ GCR Real-Time News

GCR Real-Time News Website: Ai3D.blog
Join my Telegram Channel: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/a-new-economic-landscape-the-declining-role-of-the-petrodollar/

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

"Tidbits From TNT" Wednesday Morning 2-7-2024

TNT:

Tishwash:  Japan, Britain, Algeria and Malta praise Al-Sudani's reform efforts in Iraq

 Japan, France, Britain, Algeria, and Malta expressed their absolute support for the Iraqi government in meeting the aspirations of the Iraqi people, praising the reform efforts of Prime Minister Muhammad Shiaa al-Sudani.

Japan's representative in the UN Security Council said, "We welcome the holding of Iraqi local elections and we hope that the Kurdistan region will hold its overdue elections."
 He added, "We call on all international parties to stop tensions and maintain good neighborliness, and we value Iraq's role in limiting the expansion of the conflict in the region."

TNT:

Tishwash:  Japan, Britain, Algeria and Malta praise Al-Sudani's reform efforts in Iraq

 Japan, France, Britain, Algeria, and Malta expressed their absolute support for the Iraqi government in meeting the aspirations of the Iraqi people, praising the reform efforts of Prime Minister Muhammad Shiaa al-Sudani.

Japan's representative in the UN Security Council said, "We welcome the holding of Iraqi local elections and we hope that the Kurdistan region will hold its overdue elections."
 He added, "We call on all international parties to stop tensions and maintain good neighborliness, and we value Iraq's role in limiting the expansion of the conflict in the region."

For his part, the British representative in the UN Security Council affirmed: โ€œWe value the Iraqi governmentโ€™s reform steps in the areas of economy, security and investment,โ€
while the French representative in the Security Council saluted the efforts of the Iraqi government to complete the reforms that the Iraqi people aspire to, calling on everyone to respect Iraqโ€™s sovereignty and keep its lands away from the specter of Conflict in the region

In addition, the representatives of Algeria and Malta stressed the commitment of the United Nations mission to support the Iraqi priorities and its efforts to achieve peace there.  link

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CandyKisses:  Najaf will suspend official working hours tomorrow, Thursday

Baghdad Today - Najaf

Today, Wednesday (February 7, 2024), the Najaf Provincial Council announced the suspension of official working hours in the governorate's departments, tomorrow, Thursday, on the occasion of the Prophet's resurrection.

The provincial office said in a statement received by "Baghdad Today" that "it was decided to suspend the official working hours of the departments of Najaf province for tomorrow, Thursday, on the occasion of the Prophet's mission."

The statement excluded "security and service departments and external preliminary exams from the holiday."

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CandyKisses:  The best in the area. International praise for the infrastructure of electronic payment systems in Iraq

Mawazine News- Baghdad

Bank confirmed International, on Wednesday, that the infrastructure of electronic payment systems in Iraq Best in the area.

A statement stated The Central Bank received it / Mawazine News /, that "the Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, received a delegation from the World Bank headed by the Director of the World Bank Office in Iraq Richard Abdel Nour".

He added, that During the meeting, they discussed strengthening bilateral cooperation between the Central Bank of Iraq The World Bank will discuss e-payment projects, financial inclusion, as well as programs reform to promote the stability and development of the financial sector."

He explained, that "The two parties discussed the support of the World Bank to provide advice on the establishment of Riyada Bank Dedicated to microfinance in Iraq with the support of the Finance Corporation International".

In turn, praised World Bank Delegation, "Central Bank of Iraq's Procedures in Facilitating Remittances financial for different segments in Iraq," he said, noting that "the infrastructure Electronic payment systems and software systems in Iraq are among the best in area".

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CandyKisses:  Iraq calls on US Treasury to reconsider sanctions on civil banks

Mawazine News โ€“ Baghdad

The Iraqi Foreign Ministry called on the US Treasury to reconsider the decision to impose sanctions on some civil banks.

The Ministry of Foreign Affairs said in a statement received by Mawazine News that "the Deputy Prime Minister and the Minister of Foreign Affairs received a phone call yesterday evening, from US Secretary of State Anthony Blinken, as part of the follow-up of the most prominent developments and regional and international issues of common interest."

The statement added, "The Secretary of State touched on the sanctions imposed by the US Treasury on seven Iraqi banks recently preceded by sanctions on fourteen Iraqi banks, as the reasons behind the imposition of such sanctions have not been stated, and whether Washington's imposition of these sanctions came due to the undiscipline of these banks in implementing banking instructions and compliance rules, or for other political reasons, especially as the US Treasury Department is in constant contact with the Central Bank of Iraq."

He pointed out that "these banks have an important and significant role in financing the expenses of the ration card and providing the food basket for Iraqi families with limited income," he officially called for "a review of the US Treasury decision on the subject."

He pointed out that "Iraq is keen to build partnership and cooperation relations with friendly countries and joint work towards facing economic and security challenges and in a way that supports consolidating stability in the region."

Mot: The Radio

Mot: Pictures on a phone

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

News, Rumors and Opinions Wednesday AM 2-7-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and โ€œRates and Datesโ€ could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 7 Feb. 2024

Compiled Wed. 7 Feb. 2024 12:01 am EST by Judy Byington

Judy Note:

The Global Financial System and itโ€™s Central Banks were now officially bankrupt.

All countries have been declared bankrupt. The IME, UN, World Bank, WEF, etc. were now considered defunct corporations without any Sovereignty. To function as an independent Sovereign nation with their own gold/ asset-backed currency, the different countries needed to register with the Archivists and Hall of Records via Ground Command and/or revised Global Intelligence Agency (GIA) structures. Some nations already have, and been accepted into the BRICS Alliance.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and โ€œRates and Datesโ€ could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 7 Feb. 2024

Compiled Wed. 7 Feb. 2024 12:01 am EST by Judy Byington

Judy Note:

The Global Financial System and itโ€™s Central Banks were now officially bankrupt.

All countries have been declared bankrupt. The IME, UN, World Bank, WEF, etc. were now considered defunct corporations without any Sovereignty. To function as an independent Sovereign nation with their own gold/ asset-backed currency, the different countries needed to register with the Archivists and Hall of Records via Ground Command and/or revised Global Intelligence Agency (GIA) structures. Some nations already have, and been accepted into the BRICS Alliance.

The Global Financial Crash has remained unreported by the Mainstream Media: Banks were dying: https://www.cnbc.com/2024/02/05/gold-prices-to-hit-2200-and-outperformance-awaits-silver-says-ubs.html

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Tues. 6 Feb. GCR Update, Walkingstick: 

All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. 

All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. 

International platforms that were needed in order to do electronic transfers is done.

Iraqi Bank Friend Aki Update: This is the monetary reform roadmap for the next couple of weeks.

January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens.

Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency.

The Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkupโ€ฆof international platforms.  They are done and going live at any moment. https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

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Tues. 6 Feb. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

Tier4b notification could come out at noon on Wed. 7 Feb. at the same time in each time zone.

It will be a Shotgun rollout over 12-16 hours.

Rates at Redemption Center will be higher than at banks

The new Currency Rates are locked and loaded on bank screens right not and will be locked and loaded at Redemption Centers on Wed. 7 Feb.

One source said Tier4b will be going in for exchanges by Thurs. 8 Feb.

Read full post here:  https://dinarchronicles.com/2024/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2024/

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

Frank26   If I was the CBI I would tell all my children that I'm going to give them pictures of the new small category notes that are about to come out...If I was the CBI I would not give them the exchange rate and the new currency together...the last thing we need is mass confusion...If I was the CBI... Last Tuesday and Friday I would have told all my children, all my banks that within the next week or so to be prepared...If I was the CBI I would say the next phase in the monetary reform is to make sure everybody outside of Iraq understands that we are about to retrieve our 3-zero notes...Iraqi citizens are already being told to do this.

MarkZ   [via PDK]  In Iraq we are being told โ€œDenomination specimen sheetsโ€ are being shown in banks in Iraq. This is a sheet showing the new money and pictures of all the features on the new lower denominations...If Iraqi banks are indeed doing thisโ€ฆwe are awfully close.

Listen to it real good Iqd cbi

Nader:  2-6-2024

https://www.youtube.com/watch?v=Re6nluStsgg

The Fed Saw Record Loss In 2023, What Is Next Move? Former Trump Advisor Judy Shelton

David Lin:  2-6-2024

Judy Shelton, Senior Fellow at The Independent Institute and former Economic Advisor to President Trump, discusses how the Fed causes "more harm than good."

0:00 - Intro

1:50 - The Fed's actions in review

7:11 - The Fed's purpose

11:17 - Fed reports record loss

21:00 - Debt and deficit

25:00 - Fiscal policy

 34:00 - Return to the gold standard?

47:10 - U.S. dollar

https://www.youtube.com/watch?v=k68629pZaRY

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

Goldilocks' Comments and Global Economic News Tuesday Evening 2-6-24

Goldilocks' Comments and Global Economic News Tuesday Evening 2-6-24

Good Evening Dinar Recaps,

โ€œChinese authorities told state-owned banks to step up intervention in the currency market this week, in a push to prevent a surge in yuan volatility, according to people familiar with the matter.โ€

In 2023 until now, The People's Bank of China has been manipulating their currency exchange rate more than usual. As the dollar has become more unstable, their State Banks have stepped up to the plate to buy some of their assets from the markets themselves to stabilize the Yuan.

Several tools have been utilized to control their currency fluctuations as of late, and the Exchange Stabilization Fund has been called in to assess the situation and give them supportive direction. "China academic calls for US $1.4 trillion stock stabilisation fund."

As the global wars continue to expand, the volatility of all the Global Markets are beginning to create havoc in the foreign currency exchange markets. Currency interventions like these are common during wartime efforts.

Goldilocks' Comments and Global Economic News Tuesday Evening 2-6-24

Good Evening Dinar Recaps,

โ€œChinese authorities told state-owned banks to step up intervention in the currency market this week, in a push to prevent a surge in yuan volatility, according to people familiar with the matter.โ€

In 2023 until now, The People's Bank of China has been manipulating their currency exchange rate more than usual. As the dollar has become more unstable, their State Banks have stepped up to the plate to buy some of their assets from the markets themselves to stabilize the Yuan.

Several tools have been utilized to control their currency fluctuations as of late, and the Exchange Stabilization Fund has been called in to assess the situation and give them supportive direction. "China academic calls for US $1.4 trillion stock stabilisation fund."

As the global wars continue to expand, the volatility of all the Global Markets are beginning to create havoc in the foreign currency exchange markets. Currency interventions like these are common during wartime efforts.

This is why old play books no longer apply when distortions in the market begin to affect economic stability and job creation opportunities.

The BRICS Nations, of which China belongs, sets them apart through a backing of gold to support their local currencies. These efforts adds to the net worth of a country's revenue holdings.

The use of gold to stabilize currency exchange rates and demand bring in greater value in exchange processes between countries.

As Global wars continue to expand, you can expect a rise in volatility inside the Markets and Forex. Old contracts between nations may no longer hold accurate trade values going forward. Look for gold and other Exchange Stabilization Fund interventions to come into play.

ยฉ Goldilocks
CFR    NCUA    TheEdgeMalaysia

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There is a good reason why stablecoins were left until last to be regulated. One, you have to have tokenized assets to pay for in using them. And two, you have to provide liquidity for these digital currencies that represent paper currencies inside a country's banking system.

When you back stablecoins by a real world asset such as gold and other commodities, these real values create standardized behaviors in the marketplace the banking system can correlate with economic tools designed to grow them in their liquidity i.e. staking. (See Article Below)

Restaking is a process where you commit your cryptos to aid in the development of a blockchain network. In return, you get a reward for staking and holding this asset in the network. CryptoSlate


ยฉ Goldilocks

~~~~~~~~~~

Stablecoin expansion is bringing liquidity to crypto, but JPMorgan warns of challenges ahead

The stablecoin market cap is growing again, which is a good sign for crypto market liquidity, but it hasn't fully recovered and could face regulatory challenges this year, according to JPMorgan. Stablecoins expanded by $60 billion between their May 2022 peak and their October 2023 low of $122 billion.

The top came just before the collapse of the Terra network, which created the contagion that spread to other stablecoins and crypto lenders that year. But as investors anticipated the Securities and Exchange Commission's approval of spot bitcoin ETFs in the U.S., the market expanded by $9 billion between October 2023 and January 2024.

This is generally a "positive sign" for crypto, according to JPMorgan analyst Nikolaos Panigirtzoglou. "Stablecoins link the traditional financial system to the crypto ecosystem and by being the equivalent of 'cash' in the crypto ecosystem are both the 'lubricant' and major source of collateral," Panigirtzoglou said in note Thursday. Stablecoins are cryptocurrencies that have prices pegged to an underlying asset   Knowledia News

~~~~~~~~~~

What have we been talking about this morning?   ๐Ÿ˜‰

ยฉ Goldilocks

Yellen urges Congress to pass stablecoin regulation in Senate Banking testimony https://youtu.be/QoLSwJcFAwQ?feature=shared

~~~~~~~~~~

LIVE: Treasury Secretary Yellen testifies before the House Financial Services Committee โ€” 2/6/24 | https://www.youtube.com/live/gZ0tziMRaK4?feature=shared

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Vietnam is pushing the US to grant it 'market economy' status.

"A market economy is a type of economic system where supply and demand regulate the economy, rather than government intervention."

A market economy would allow supply and demand to determine the value of the following criteria in their economy:

* degree of currency convertibility

* degree of salary determination by negotiation between employers and employees

* degree of freedom for foreign companiesโ€™ investment

* degree of ownership or production methods of enterprises controlled

As you can see, this change would open up a path for new exchange rates in Vietnam. Vietnam has a strong indication that these changes will be made before the next election in the US.

ยฉ Goldilocks
Taiwan News   World Scientific    Hickman Mills

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Stabilization funds do not necessarily have to revolve around large commodity revenue. Such national funds might instead seek to influence currency exchange rates without affecting domestic money supply.    Wikipedia

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LONDON (Reuters) - A new report has called for a radical global effort this year to help vulnerable countries fend off financial meltdown and climate change, including widespread debt relief and even a China-led version of the Brady Bond plan.

The report by the Boston University Global Development Policy Center warned that 62 developing economies, including most of Africa and Oceania, are already in a full-blown debt crisis or in immediate need of restructurings.

Last year's surge in world interest rates combined with underwhelming post-pandemic economic recoveries and the costs of climate change mean a near record number of countries now spend at least 20% of their government revenues servicing their debt.

That is widely regarded as unsustainable.    US News

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Venezuela: Sanctions Actions and Supporting Democracy - United States Department of State

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One of the most touted benefits of distributed ledger technology (DLT) for securities is atomic settlement. This is the blockchain equivalent of delivery versus payment (DvP) โ€“ the securities and cash are exchanged simultaneously, preventing either of the parties from being out of pocket if the other side defaults.

However, itโ€™s also known to impose higher cash or liquidity requirements on the counterparties, eliminating the benefit. A new research paper argues that if settlement is delayed for as little as ten minutes to an hour, with netting itโ€™s possible to achieve most of the benefits of a one or two day settlement window.     Ledger Insights

~~~~~~~~~~

Today, the Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), and the Chairman of the Financial Institutions and Monetary Policy Subcommittee, Andy Barr (KY-06), sent letters to Federal Reserve Bank of San Francisco  President Mary Daly and Federal Reserve Bank of New York President John Williams regarding their banksโ€™ ongoing relationships with opaque and unaccountable global governance organizations, including the Network for Greening the Financial System (NGFS) and Bank of International Settlements (BIS).

The lawmakers are requesting information related to the Federal Reserve (Fed) regional banksโ€™ past work and written agreements with these organizations, which cede authority over U.S. financial regulation while putting our financial system at a competitive disadvantage.   Financial Services

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Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates. When a stock is diverging, it signals weaker price trends and the beginning of a reversal. The two types of divergence are: Positive: A positive divergence is a sign of higher price movement in the asset.   Corporate Finance Institute    Zerohedge Twitter
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๐Ÿ‘†This happened today. The markets went up, but the technical readings or actual values went down.

ยฉ Goldilocks

~~~~~~~~~~

More on this tomorrow. I want to see if more warning signals are flashing in the morning.

ยฉ Goldilocks

~~~~~~~~~~

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Economist's "News and Views" Tuesday 2-6-2024

A โ€œGigantic Systemicโ€ Meltdown, Greater than 1930s Depression is Coming Warns Market Insider

Daniela Cambone:  2-5-2024

Daniela Cambone interviews Bert Dohmen, founder and president of Dohmen Capital Research, discussing the banking sector, China, the Fed, and the importance of having a Plan B in their recent conversation.

 Dohmen warns that the failure with regional banks last year was not a โ€œone-offโ€ situation, and he emphasizes that a "gigantic systemic meltdown" is underway and would be hard to halt.

He also expresses that we are currently in an era worse than the 1930s, marked by wars, riots, droughts, food shortages, and market crashes.

A โ€œGigantic Systemicโ€ Meltdown, Greater than 1930s Depression is Coming Warns Market Insider

Daniela Cambone:  2-5-2024

Daniela Cambone interviews Bert Dohmen, founder and president of Dohmen Capital Research, discussing the banking sector, China, the Fed, and the importance of having a Plan B in their recent conversation.

 Dohmen warns that the failure with regional banks last year was not a โ€œone-offโ€ situation, and he emphasizes that a "gigantic systemic meltdown" is underway and would be hard to halt.

He also expresses that we are currently in an era worse than the 1930s, marked by wars, riots, droughts, food shortages, and market crashes.

Dohmen further advises people to email their Congress representatives to oppose detrimental legislation.

 Watch the video to delve deeper into his insights and learn how you can be prepared for the unfolding uncertainties.

CHAPTERS:

0:00 China Crises

 4:46 Regional Banks

11:31 Interest Rates

15:57 Gold

18:56 Deflation or Inflation

21:11 โ€œWriting on the Wallโ€

 27:36 Wealth Protection

https://www.youtube.com/watch?v=engA8KhgxMY

THIS CENTRAL BANK INDUCED PONZI SCHEME IS GOING TO END IN GLOBAL DISASTER.

Greg Mannarino:  2-6-2024

https://www.youtube.com/watch?v=oX0CwiZTWKY

TABLES-TURNED: IMF Upgrades Russian Economy As MidEast Boycotts WRECK McDonaldโ€™s Sales

Sean Foo:  2-6-2024

In a twist of fate, the IMF has upgraded Russian economic growth, doubling their previous estimate. This shows Western sanctions aren't exactly working as the Russian economy is slated to grow faster than the G7 nations.

 Meanwhile, the Middle East boycotts have made a serious dent on a major US brand's bottom line. McDonald's share price has dropped by almost 5 percent and here's why!

Timestamps & Chapters:

0:00 IMF Upgrades Russia's Growth

 3:13 West Admits Russian Economy Resilient

6:22 MidEast Boycotts Collapse MCD Sales

9:25 Germany Accepts Reality

11:53 Solving The Biggest Crisis

https://www.youtube.com/watch?v=5EGiCgAVdJI

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

More News, Rumors and Opinions Tuesday Afternoon 2-6-2024

KTFA:

Clare:  Economist: Discordant voices benefited from the attack on private banks through the media

2/6/2024   Baghdad

The economic expert, Alaa Al-Fahd, on Tuesday accused those with discordant votes of inciting the street and the media against private banks to harm the national economy.

Al-Fahd said in a televised interview followed by Mawazine News, โ€œThese parties spread rumors that there are banking problems in the private sector in Iraq and that there is chaos and fraud,โ€ pointing out that on โ€œthe ground there is nothing tangible from these rumours.โ€

He added, "Private banks began working since 2023 in financial development and transformation within a transitional phase from paper to electronic phase."

 Al-Fahd continued, โ€œThese parties, whether local or regional, are working to inflame the situation or spread false news to frustrate the resolve within banking institutions.โ€ LINK

KTFA:

Clare:  Economist: Discordant voices benefited from the attack on private banks through the media

2/6/2024   Baghdad

The economic expert, Alaa Al-Fahd, on Tuesday accused those with discordant votes of inciting the street and the media against private banks to harm the national economy.

Al-Fahd said in a televised interview followed by Mawazine News, โ€œThese parties spread rumors that there are banking problems in the private sector in Iraq and that there is chaos and fraud,โ€ pointing out that on โ€œthe ground there is nothing tangible from these rumours.โ€

He added, "Private banks began working since 2023 in financial development and transformation within a transitional phase from paper to electronic phase."

 Al-Fahd continued, โ€œThese parties, whether local or regional, are working to inflame the situation or spread false news to frustrate the resolve within banking institutions.โ€ LINK

Clare:  The Association of Banks talks about a conspiracy to hit the Iraqi economy through rumors

2/5/2024 Baghdad

 Advisor to the Association of Private Banks, Samir Al-Nusairi, on Monday, accused malicious parties of tampering with the Iraqi economy and the private and public banking sector by exaggerating the political and security crises in the country.

Al-Nusairi said in a televised interview followed by Mawazine News, โ€œThe Iraqi private and public banking market is facing malicious rumors, as certain parties are exaggerating security and political problems for the purpose of striking the national economy.โ€

 He added, "The conspiracy against the Iraqi economy aims to abort the Iraqi government's efforts to improve economic transfers, deal with the dollar, and complete the economic exchange platform project to finance foreign trade."

 He pointed out that "the Central Bank and the government are continuing with reform plans, especially the paragraphs of the government program to prevent dollar smuggling and support the private banking sector."   LINK

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

The UN Security Council holds its session on the situation in Iraq

The UN Security Council began, Tuesday evening, holding its session on the situation in Iraq. LINK

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

Mnt Goat    ...I talked to my CBI contact...I was told the rate will be determined just as it has been determined all along by the new asset backed Quantum Financial System (QFS) now in place. It was put in place from 2011-2012 and now running daily. Only technically they have not yet linked or mapped these new rates into the foreign currency exchanges as of yet. This is what we are waiting for. Not all the rates will come over at once and many call them โ€œbasketsโ€ or โ€œgroupsโ€ of currencies. The plan is for the years to come to slowly roll out these new rates and map them to the foreign exchanges as the new market rates...   [Post 1 of 2....stay tuned]

Mnt Goat  ...the rate will be whatever it is in the QFS system when the time comes to reinstate it.  This will be the starting rate. All they need to do is bring it over to FOREX by mapping it from the QFS. It is a simple process.  It will most likely be around $3-$4 when it does come out...Yes, when the IQD rate does come out, it could vary but only a drastic change in the price of oil will affect it. However, the projection is for the price of oil to hover around $70-90 this year which will still produce an IQD rate well within the range we investors want...  [Post 2 of 2]

BRICS nations to drag US back into the gold standard? Feat. Ron Branstetter

Kinesis Money:  2-3-2024

In this weekโ€™s episode of Live from the Vault, Andrew Maguire is joined - a popular request - by Ron Branstetter of Ronโ€™s Basement to discuss the accelerating pace of change that silver stackers should experience in the months to come.

Timestamps:

00:00 Start

03:00 Ronโ€™s thoughts on the price of silver right now

06:30 Momentum traders willing to pay over the odds

12:45 China going directly to miners to buy gold and silver - bypassing the COMEX & LBMA

17:40 Under-investment in the silver mining industry

19:30 Dedollarisation process coming to a head and triggering the gold reevaluation

 29:45 EU central bank gold ownership relative to GDP; are they preparing for something?

 38:00 The opportunity for US citizens to reclaim the right to sound money

41:30 Could BRICS nations drag the US back into the gold standard?

https://www.youtube.com/watch?v=zsxynYs0naM

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Economics, News, Simon Black DINARRECAPS8 Economics, News, Simon Black DINARRECAPS8

The Fed Asks America To Fill In The Blanks _______

The Fed Asks America To Fill In The Blanks _______ SB

Notes From The Field By Simon Black (James Hickman)  February 5, 2024 

Itโ€™s interesting to see how so many mainstream voices are starting to express concern about the gargantuan size of the US national debt.

For most of the past decade, even as the debt spiraled out of control and passed $20 trillion, $25 trillion, $30 trillion, etc., hardly anyone in the media said a word about it. If anything, they would insist that the โ€˜debt doesnโ€™t matter.โ€™

That tune is finally starting to change. And the latest example came last night when 60 Minutes interviewed the Chairman of the Federal Reserve, Jerome Powell.

The US national debt now stands at more than $34 trillion. It will surpass $35 trillion by the summer and likely $36 trillion by the end of the year.

Itโ€™s growing so quickly that the interviewer asked about the debt, โ€œThirty years from now, it is projected to be $144 trillion. . . [I]s the national debt a danger to the economy in your view? I have the sense this worries you very much.โ€

The Fed Asks America To Fill In The Blanks _______

Notes From The Field By Simon Black (James Hickman)  February 5, 2024 

Itโ€™s interesting to see how so many mainstream voices are starting to express concern about the gargantuan size of the US national debt.

For most of the past decade, even as the debt spiraled out of control and passed $20 trillion, $25 trillion, $30 trillion, etc., hardly anyone in the media said a word about it. If anything, they would insist that the โ€˜debt doesnโ€™t matter.โ€™

That tune is finally starting to change. And the latest example came last night when 60 Minutes interviewed the Chairman of the Federal Reserve, Jerome Powell.

The US national debt now stands at more than $34 trillion. It will surpass $35 trillion by the summer and likely $36 trillion by the end of the year.

Itโ€™s growing so quickly that the interviewer asked about the debt, โ€œThirty years from now, it is projected to be $144 trillion. . . [I]s the national debt a danger to the economy in your view? I have the sense this worries you very much.โ€

The answer to almost any sentient human being, of course, is โ€œabsolutely yes.โ€ And the Fed Chairman admitted as such. Sort of. He said:

โ€œIn the long run, the US is on an unsustainable fiscal path. . . Over the long run, of course it does [worry me very much] . . . Itโ€™s time for us to get back to putting a priority on fiscal sustainability. And sooner is better than later.โ€

Now a term like โ€œthe long runโ€ is a funny thing because it can mean just about anything. To some people in finance and economics, โ€œthe long runโ€ can mean five years. To others, fifty years.

Saying โ€œthe long runโ€ is like asking your audience to fill in the blanks with whatever timeframe they think that means.

But this is intellectually dishonestโ€ฆ and it frankly makes the country worse off.

Weโ€™ve written about this extensively here at Schiff Sovereign: the US governmentโ€™s own internal projections (which come from the White House and the Congressional Budget Office) forecast that the debt will increase by $20 trillion over the next decade.

And this is a true crisis in the making.

Consider that, by 2033, the government will have to spend 100% of federal tax revenue simply to pay for THREE things: Social Security, Medicare, and Interest on the Debt.

EVERYTHING else in government, including military spending, veteransโ€™ benefits, and the electricity bill at the White House, will have to be funded with more debtโ€ฆ which only makes the problem worse.

This will be a fiscal black hole from which there is no escape. And itโ€™s less than 10 years away.

Weโ€™re not being sensationalist or dramatic here; this is a simple arithmetic problem based on the governmentโ€™s own projections. And frankly those projections are optimistic.

Their estimate for $20 trillion in new debt, for example, does not include any money for Social Security, which will require a multi-trillion-dollar bailout over the next decade. Their estimate also assumes there will be no war, no new pandemic, no national emergency, and no new idiotic, expensive legislation.

So, a more conservative estimate of the national debt is probably closer to $60 trillion or more by 2033. This means that interest payments on the national debt will take a greater and greater share of tax revenue.

The Congressional Budget Office forecasts admit this, stating that as the national debt increases, โ€œthe cost of financing the nationโ€™s debt grows, [and] net outlays for interest increase substantially. . .โ€

The US governmentโ€™s interest expense โ€œrose by 35% last year, [and] are projected to increase by 35% again this year.โ€

No institution, not even the US government, can possibly expect to stay solvent when their interest expense grows by large double digits each year.

Now, itโ€™s not like this is top secret information. The Congressional Budget Office posts this forecast on its website for the entire world to see. Surely the Fed has access to the Internet. Surely, theyโ€™ve seen these projections.

Yet the way 60 Minutes set up its question-- by referencing the debt 30 years into the future-- to how the Fed Chairman kept saying โ€œthe long runโ€ and โ€œsooner is better than laterโ€, all gives people a false sense of security that the US has more time to resolve this crisis than it actually does.

This is an arithmetic problem, plain and simple. And the realistic window of opportunity to solve it is 5-7 years, at most.

The other disingenuous part about the Chairmanโ€™s comments was that, in addition to using terms like โ€œthe long runโ€, he encouraged โ€œfiscal sustainabilityโ€ without mentioning any specifics.

To some, โ€œfiscal sustainabilityโ€ might mean slashing welfare programs. To others, raising taxes on corporations and wealthy people.

So once again the Fed Chairman tacitly asked the audience to fill in the blanks and imagine for themselves what โ€œfiscal sustainabilityโ€ means.

This is also intellectually dishonest.

Social Security is, by far, the #1 most expensive line item in the federal budget. It dwarfs even Defense spending.

So, there is no โ€œfiscal sustainabilityโ€ at this point without making major cuts to Social Security. Nothing else-- no other budget cuts-- will matter unless there is a complete overhaul of retirement benefits and qualifications. Itโ€™s the only real lever the government has to balance the budget.

Ultimately this means defaulting on decades of promises that the US government has made to people currently in the work force.

Naturally no one wants to talk about thisโ€ฆ including the Fed Chairman. So again, itโ€™s left to the audienceโ€™s imagination to fill in the blanks.

Personally, Iโ€™m not holding my breath a solid majority in Congress will have the willingness and courage to cut entitlements. And frankly I presume the Inspired Idiots in charge will keep making things worse.

But the good news is that there is still a reasonable window for any independent-minded individual to take completely rational steps to reduce the consequences of what lies ahead.

And weโ€™ll continue to talk about more of these solutions in the future.

To your freedom,   James Hickman  Co-Founder, Schiff Sovereign LLC

 

[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.]

 

https://www.schiffsovereign.com/trends/the-fed-asks-america-to-fill-in-the-blanks-_______-150091/

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

"Tidbits From TNT" Tuesday 2-6-2024

TNT:

Tishwash:  An โ€œintractable problemโ€ prevents the oil and gas law from being removed from Parliament

Member of the Parliamentary Oil and Gas Committee, Ali Al-Lami, expected on Tuesday that the oil and gas law would not be approved in the current parliamentary session, indicating that the dispute over the law concerns the party responsible for managing the oil fields in Kurdistan.

Al-Lami told Shafaq News Agency, โ€œThe oil and gas law is one of the important laws, but it will not pass in the current parliamentary session, and this law will be transferred to the next parliamentary session, as it was transferred in previous sessions.โ€

He added, "There are many disagreements over the oil and gas law, including political disagreements and technical disagreements, and the most prominent of them is over the party that manages the oil fields in the Kurdistan Region and who exports the region's oil abroad," stressing that "this main disagreement has not been resolved and will not be resolved due to the deepening political disagreements regarding this is the law".

TNT:

Tishwash:  An โ€œintractable problemโ€ prevents the oil and gas law from being removed from Parliament

Member of the Parliamentary Oil and Gas Committee, Ali Al-Lami, expected on Tuesday that the oil and gas law would not be approved in the current parliamentary session, indicating that the dispute over the law concerns the party responsible for managing the oil fields in Kurdistan.

Al-Lami told Shafaq News Agency, โ€œThe oil and gas law is one of the important laws, but it will not pass in the current parliamentary session, and this law will be transferred to the next parliamentary session, as it was transferred in previous sessions.โ€

He added, "There are many disagreements over the oil and gas law, including political disagreements and technical disagreements, and the most prominent of them is over the party that manages the oil fields in the Kurdistan Region and who exports the region's oil abroad," stressing that "this main disagreement has not been resolved and will not be resolved due to the deepening political disagreements regarding this is the law".

Al-Lami continued: โ€œThe oil and gas law cannot be separated into two laws, one of which is concerned with oil and the other with gas, given that the gas comes out of the same oil fields, and the two laws cannot be separated, as the dispute is the same without a solution.โ€  link

Tishwash:  Al-Nusairi calls on the government and the Central Bank to protect the banking system from collapse

Today, Tuesday, the economic and banking advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, called on the government and the central bank to intervene to protect the banking system from collapse, while counting the number of private banks that are not practicing their commercial activities.

Al-Nusairi said in a televised interview followed by Al-Eqtisad News, โ€œThe government and the central bank must intervene to protect the banking system from collapse due to subjective and objective political influences and tensions and the US Treasuryโ€™s continued pressure on the Iraqi economy and harming it through previous sanctions and new restrictions to prevent it from conducting its transactions in the US dollar on Despite the efforts made by the Central Bank during 2023 in cooperation with the government and international banks to regulate foreign trade financing and with the Financial Action Organization.โ€

He added, "International organizations confirm in their evaluation reports on Iraq that it has applied standards for combating money laundering and terrorist financing. This means that our banks are strictly committed to international standards and are trying with great efforts to comply with the global system."

Al-Nusairi explained, โ€œThe number of private banks that are no longer practicing all their banking activities has reached 32 commercial and Islamic banks, which constitute 50% of the volume of banking activity in Iraq. Therefore, this will destabilize confidence in the Iraqi banking sector locally and internationally, and thus will fail the plans for economic reform, and thus will harm our national economy.โ€ ".

The Association's advisor, the Prime Minister, and the Governor of the Central Bank, called for "intervention, in cooperation with the Ministry of Foreign Affairs, and conducting negotiations at the highest levels with the American side to remove our banks from the cycle of sanctions, deprivation, and restrictions on banking activity and for them to return to operating in full banking and Islamic activity while rehabilitating some banks in accordance with binding international standards." link

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

CandyKisses: Deputy: America is responsible for the crises of the dollar, oil, water and electric power

 Information / Baghdad.

On Tuesday, Firas al-Muslimawi, MP for the State of Law Coalition bloc, blamed the United States for causing a number of economic crises in Iraq, such as the rise in the dollar exchange rate, the oil crisis with Kurdistan and the water crisis .

Al-Muslimawi told Al-Maalouma that "Washington refuses to withdraw the Central Bank of Iraq its and is trying to impose more sanctions on private funds banks."

He described this American behavior as "besieging Iraq and strangling it economically, noting that "the United States refuses to conclude contracts with international companies in the field of energy and services."

Earlier, multiple political figures announced America's refusal to contract Iraq with the German energy company Siemens to rehabilitate the electrical system in Iraq.

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

CandyKisses:  Governorates that decided to suspend official working hours on Tuesday

Baghdad Today - Baghdad

Today, Monday (February 5, 2024), local governments in 7 governorates announced the suspension of official working hours for tomorrow, Tuesday, on the occasion of the anniversary of the martyrdom of Imam Musa Al-Kazim (peace be upon him).

Earlier in the day, Karbala province announced the suspension of official working hours tomorrow, Tuesday, on the occasion of the anniversary of the martyrdom of Imam Musa Al-Kadhim (peace be upon him).

While local governments in the governorates of Diyala, Dhi Qar, Muthana, Basra, Wasit and Diwaniyah decided to suspend the official working hours for tomorrow, Tuesday, on the occasion of the rugby visit, with the exception of the service and health departments.

For his part, Prime Minister Mohammed Shia al-Sudani directed, earlier, to suspend the official working hours tomorrow, Tuesday, in Baghdad on the occasion of the anniversary of the martyrdom of Imam Al-Kazim (peace be upon him).

The General Secretariat of the Council of Ministers stated in a statement received by "Baghdad Today" that "the Prime Minister directed, during the meeting of the Council of Ministers in its fifth regular session held on 1/30/2024, to suspend the official Working hours for next Tuesday, corresponding to 6/2/2024 in ministries and government institutions in the capital, Baghdad, only, coinciding with the anniversary of the martyrdom of Imam Musa Al-Kazim (peace be upon him)."

Shiite Muslims in Iraq and across the Islamic world commemorate the anniversary of the martyrdom of Imam Musa bin Jaafar al-Kadhim (peace be upon him), the seventh Shiite imam, who died in prison in Baghdad, on the twenty-fifth of Rajab in 183 AH, which will fall tomorrow, Tuesday (February 6, 2024).

Mot: ..... MY Spirit Animal - When I hear the ""Go"" on da RV!!!

Mot:  .. Sum insight in owning a Fur baby!! 

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

News, Rumors and Opinions Tuesday AM 2-6-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and โ€œRates and Datesโ€ could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 6 Feb. 2024

Compiled Tues. 6 Feb. 2024 12:01 am EST by Judy Byington

Global Currency Reset:.(RUMORS)

Wed. 7 Feb. Dubai 3 funds for Tier4b exchanges (Allegedly) go into Paymaster Accounts and would be liquid 48 hours later โ€“ or by Fri. 9 Feb. โ€ฆWolverine

On Thurs. 15 Feb. 2024. Tier4b exchanges and bond redemption will (allegedly) wrap up.

Sat. 3 Feb. Wolverine: โ€œD-Day Funding for Tier4b from Dubai 3 will be  (allegedly) released into Paymaster Accounts on Wed. 7 Feb. and within 48 hours from there it will be  (allegedly) liquid, (or by Sat.10 Feb.) I spoke to big Whales in Spain and South America. They were under NDAs and couldnโ€™t talk but did say it has  (allegedly) started.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and โ€œRates and Datesโ€ could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 6 Feb. 2024

Compiled Tues. 6 Feb. 2024 12:01 am EST by Judy Byington

Global Currency Reset:.(RUMORS)

Wed. 7 Feb. Dubai 3 funds for Tier4b exchanges (Allegedly) go into Paymaster Accounts and would be liquid 48 hours later โ€“ or by Fri. 9 Feb. โ€ฆWolverine

On Thurs. 15 Feb. 2024. Tier4b exchanges and bond redemption will (allegedly) wrap up.

Sat. 3 Feb. Wolverine: โ€œD-Day Funding for Tier4b from Dubai 3 will be  (allegedly) released into Paymaster Accounts on Wed. 7 Feb. and within 48 hours from there it will be  (allegedly) liquid, (or by Sat.10 Feb.) I spoke to big Whales in Spain and South America. They were under NDAs and couldnโ€™t talk but did say it has  (allegedly) started.

Wolverine contโ€ฆ.Lawyers who have close contact with Paymasters say that the funds are in Paymaster Accounts. Dubai 1 funds have all been  (allegedly released. Dubai 2 funds are  (allegedly releasing right now and should be finished by Sun. 4 Feb. Dubai 3 funds were about to be emptied.โ€

42 States Removed Taxes from Purchase of Gold and Silver: https://fee.org/articles/why-42-states-have-removed-taxes-from-the-purchase-of-gold-and-silver/                                                           

Global Financial Collapse:

Mon. 5 Feb. 20 Nations Join BRICS, Ditch US Dollar: https://twitter.com/BRICSinfo/status/1754284489251979364?t=ZhosabtrbYIP-ODGm_OBug&s=19

Mon. 5 Feb. Nearly 30% of all stocks in China have been halted as Chinaโ€™s CSI 1000 index slides 8% in a matter of hours.

Chinaโ€™s Evergrande Crisis: https://www.businessinsider.com/china-evergrande-property-real-estate-crisis-debts-collapse-what-happens-2024-2

BAGHDAD, Feb 4 (Reuters): โ€œIraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.โ€ The Iraqi Banks have been banned from accessing the Iraqi Central Bankโ€™s daily dollar auction. The daily dollar auction has become a way of smuggling dollars for Iran, and this is expected to restrain much of those activities. This is part of the economic and financial reforms Iraq is going through to meet International Banking Standards and achieve International connectivity. As you can see, Iraq has began implementing some of their economic reforms as promised. https://www.reuters.com/business/finance/iraq-bans-8-local-banks-us-dollar-transactions-2024-02-04/ โ€ฆGoldilocks

Wells Fargo, Bank of America, US Bank, Citizens, TD and Key Bank among big banks to shut 139 branches in January alone (after another 37 closed in final week of month). https://www.dailymail.co.uk/yourmoney/banks/article-13047197/US-bank-branch-news-closures-wells-fargo-america.html

Read full post here:  https://dinarchronicles.com/2024/02/06/restored-republic-via-a-gcr-update-as-of-february-6-2024/

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

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

Militia Man  The Iraqi Central Bank is not going to come out and say, 'by the way you guys, tomorrow we're going to come out and drop the three zeros and guess what it's going to be at X [rate].'  They're not going to do that.  Nor is the...Finance Minister going to say, 'Hey by the way, I'm going to order the Central Bank of Iraq to what they got to to to change the value of the currency.'  Nor is the US Treasury, US Federal Reserve, World Bank, IMF or Bank of International Settlements...

Frank26 The moment this news is out every good person and every bad person will know.  Bad people look for opportunities to take advantage of good people...Make sure you get a lawyer and a team put together.  That team, it's what you want.  I will have lawyers, accountants, IRS agent that I know, security.  I will have a security team leader with me...to protect my wife and I.  You're becoming something different.  You're becoming very valuable.  A lot of evil people take advantage of good people...

FINALLY: Fed Chair Powell Says Government Spending Is Unsustainable

Lena Petrova:  2-5-2024

https://www.youtube.com/watch?v=c3yRbLrsRl0

ECONOMIC MELTDOWN "BLAME GAME." The Fed. Is Laying The Groundwork NOW.

Greg Mannarino:  2-5-2024

https://www.youtube.com/watch?v=62V10Hhykbg

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

Goldilocks' Comments and Global Economic News Monday Evening 2-5-24

Goldilocks' Comments and Global Economic News Monday Evening 2-5-24

Good Evening Dinar Recaps,

BAGHDAD, Feb 4 (Reuters) - "Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official."

The Iraqi Banks have been banned from accessing the Iraqi Central Bank's daily dollar auction.

The daily dollar auction has become a way of smuggling dollars for Iran, and this is expected to restrain much of those activities.

This is part of the economic and financial reforms Iraq is going through to meet International Banking Standards and achieve International connectivity.

As you can see, Iraq has begun implementing some of their economic reforms as promised.  Reuters

ยฉ Goldilocks

~~~~~~~~~~

Goldilocks' Comments and Global Economic News Monday Evening 2-5-24

Good Evening Dinar Recaps,

BAGHDAD, Feb 4 (Reuters) - "Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official."

The Iraqi Banks have been banned from accessing the Iraqi Central Bank's daily dollar auction.

The daily dollar auction has become a way of smuggling dollars for Iran, and this is expected to restrain much of those activities.

This is part of the economic and financial reforms Iraq is going through to meet International Banking Standards and achieve International connectivity.

As you can see, Iraq has begun implementing some of their economic reforms as promised.  Reuters

ยฉ Goldilocks

~~~~~~~~~~

"A casual search through digests and the reading of case head- notes may leave the searcher with the vague impression that the outbreak of war has some peculiar effect upon contracts, not to be  accounted for by any of the well established principles of contract law.

Thus, it is frequently said that war suspends contracts and that the cessation of war revives the same.

On the other hand, it is stated elsewhere in no less positive terms that war dissolves and abrogates all contracts between subjects of belligerent nations.

An attempt will here be made to show that cases arising upon contracts affected by war may in fact be classified by an application of the broad principles of the common law relating to contracts."


We have said in this room a few times before that history has shown us that exchange rates change during wartime or soon after.

Price distortions create contract breaches between nations and even the people within the banking system. These distortions make it difficult for obligations to be met between all parties.

As we continue to involve ourselves in wars, the likelihood of more distortions will create a need to revalue assets and their real values when this is done.

This is a day by day situation, and changes can come at a moment's notice. It is important that we stay alert going forward for these changes.   https://www.jstor.org/stable/1111481

ยฉ Goldilocks

~~~~~~~~~~

When we begin to move from quantitative tightening to quantitative easing through lower interest rates, this will begin to give room for technological advancement and an increase in gold prices.

This is the move we need to see to increase the value of our new tokenized assets coming onto the market. It will be our signal for increasing the value of our new digital asset based trading system.

Here, lending restrictions will lessen giving way to collateralized lending services whereby an digital asset growth economy will open a path forward into the new economy.  Forbes

ยฉ Goldilocks
~~~~~~~~~~

As we discussed a few weeks back, Hong Kong was in the process of testing several digital currencies around the world in their sandbox.

A sandbox is a place where assets can be piloted, tested, and see how they will react with each other. We talked about how this would lead to regulation going forward on the stablecoins that were in this sandbox.

Below is an article for your perusal. It states how oversight and regulation is needed for their digital OTC or over the counter assets going forward. This is an indication that they are beginning to move forward with stablecoins that represent a country's currency.

ยฉ Goldilocks
The Currency Analytics

ZeroCap

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Digital Assets Association Launches: Building a Bridge Between Traditional Finance and RWA Tokenization |  Crypto-Reporter

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While Powell said the Fed tries not to comment on fiscal policy, which is determined by Congress and the White House, he did comment on the debt. "The U.S. federal government's on an unsustainable fiscal path," he said. "And that just means that the debt is growing faster than the economy. So, it is unsustainable."  | CBS News

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Feb 4 SDF Protocol20 update:  Post 1 of 2
Most of you know by now the P20 vote was delayed until Feb20 due to a "refundable fee bump bug" that was discovered just a few days before the intended public vote. But what yall probably don't know -- and what SDF wont say -- and what all those non-white hat Stellar devs & crypto journalists don't understand -- is the WHY behind the WHY of this delay

Issue:
Wallet sending transaction should get a certain fee refunded when a certain action takes place, but instead of the SENDER getting the refund, the RECEIVER is getting the refund

SDF's Initial Public narrative (to start the discussion):
It's not a big deal, and we don't think it will impact that many, but it could potentially impact everyone, but who knows it probably won't, and even if it does the resulting unintended lack of returned fees are not so significant, it's more of a nuisance than anything, but we don't want negative press because people are soooo complainy these days, so let's delay the vote and make things nice and clean.

Happy happy, no one can blame us for anything!

NON-QSFS Stellar dev discourse on Discord + Articles:
I think we should proceed with the vote, as you said it's not a big deal, so why delay? We will do what we can to mitigate the bug on our end for our app programming too. But the fees are so nominal it just doesn't matter at the end of the day if it's not fixed, but it would be nice if you eventually fixed it. kthxbai

Tomer Weller, KanayeNet, MonsieurNicolas forced to guide the direction:
nonono, I think it could really potentially impact more people than we thought because even wallets that are NOT "OFFICIALLY" supporting Soroban can still be affected ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ but really there is no worry if everyone decides to "DO THE RIGHT THING" AND NO ONE DECIDES TO EXPLOIT THIS to INTENTIONALLY DRAIN sender wallets

Justin Rice ninjas his way in:
ok at first I will just present the bug to the community and ask for your opinion while I stay totally neutral on this topic, next I will pretend that your opinions influenced our decision to delay, and finally I will pretend to be shocked the delay really happened since it was a nail-biter (even though I was already busy prepping to group call to discuss this AND writing another SDF blog post officially announcing said delay). oh BTW, thanks for the engagement and for working together to reach this consensus ๐Ÿ˜Š

๐Ÿ“ฑ QSI Channe
๐Ÿ“ฑ Stellar & QFS Training App 

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Feb 4 SDF Protocol20 update:  Post 2 of 2
Declas:
White Hats in charge behind the scenes carefully guided the convo in this direction using puppets like OrbitLens (remember: WHH March 2023 ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ relisten to WHH interview #1 @ min 17-19 "we have an informant"๐Ÿ’ฅ๐Ÿ”จ -- and undoubtedly more puppets by now too).

This is CRITICAL TO UNDERSTAND FOR PSYOPS BECAUSE THIS SAME STRATEGY IS BEING USED ON THE ENTIRE WORLD VIA MEDIA AND SOCIAL MEDIA.

Recall how white hats now control Mockingbird Media (yes even especially FakeNewsMedia) so they decide which stories break and use it to guide public discourse to slowly awaken people to the past monstrosities and current ridiculousness of how fake everything is for the Awakening process

Now that you understand how hilarious this entire bug delay narrative is, let's go back and re-analyze with a clear mind and break down how the psyops works and what their end goal is:

- Account Abstraction + Targeted Wallets drained of funds =  is ______    ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘
๐Ÿ˜… didn't I keep repeating in 2023 that prettier.js is one of my absolute favorite sneaky ninjas in this game?? reread     ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘

๐Ÿ“ฑ QSI Channel 
๐Ÿ“ฑ Stellar & QFS Training App

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Thanks for explaining this to us QSI. You are very appreciated. Thanks for all you are doing to move our digital economy forward with love and light.

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FINRA Continues Focus on Crypto Asset Securities | Blockchain Legal Resource

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An ancient trade route whose time has come once more โ€“ Aze.Media 

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House reps press CFPB to reopen comments on larger participant rule | News | Dodd Frank Update

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Freedom Fighter ยฉ

๐Ÿ‡ฎ IRAQI northern port -Umm Qasr has received the largest & newest ship (MSC Berangere) built in 2023 carrying 2,659 containers has entered Iraq's ports for the first time! https://en.964media.com/11516/
๐ŸšขWATCHING THE WATER

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BRICS nations to drag US back into the gold standard? Feat. Ron Branstetter | ZeroHedge

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Germanyโ€™s Largest DZ Bank To Pilot Bitcoin Trading After Crypto Custody Services |  CoinGape

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STELLAR XLM๐ŸšจHUGE DELAY, BUT DON'T WORRY๐ŸšจWHY XLM CAN MAKE YOU RICH | https://youtu.be/VxiU2liTbtM?feature=shared

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