"Tidbits From TNT" Thursday 2-22-2024
TNT:
CandyKisses: Karbala to suspend working hours next Sunday and Monday
Baghdad Today - Baghdad
The head of the Karbala Provincial Council, Qassim Al-Yasari, announced this evening, Wednesday (February 21, 2024), the suspension of official working hours for next Sunday and Monday on the occasion of the Shabani visit.
The leftist said in a statement received by "Baghdad Today", that "on the occasion of the anniversary of the birth of Imam Mahdi (pbuh), we directed to suspend the official working hours on Sunday and Monday, 25 and 26 of this month , for all departments of the province, except for the security and service departments."
"The local holiday comes because of the presence of Husseiniya processes and to enable the people of the province to provide services to visitors," he said.
TNT:
CandyKisses: Karbala to suspend working hours next Sunday and Monday
Baghdad Today - Baghdad
The head of the Karbala Provincial Council, Qassim Al-Yasari, announced this evening, Wednesday (February 21, 2024), the suspension of official working hours for next Sunday and Monday on the occasion of the Shabani visit.
The leftist said in a statement received by "Baghdad Today", that "on the occasion of the anniversary of the birth of Imam Mahdi (pbuh), we directed to suspend the official working hours on Sunday and Monday, 25 and 26 of this month , for all departments of the province, except for the security and service departments."
"The local holiday comes because of the presence of Husseiniya processes and to enable the people of the province to provide services to visitors," he said.
Iraq calls on the countries of the world to adopt a “new international order” and recommends the formation of a “regional parliamentary” committee
The representative of Iraq at the “Asian Parliamentary Association” conference, on Thursday, called on the countries of the world to establish a “new international order” and recommended the formation of a permanent committee that would enhance “regional parliamentary” cooperation.
Acting President of the Arab Parliamentary Union and the Iraqi House of Representatives, Mohsen Al-Mandalawi, said during his Iraqi speech at the 14th plenary session of the “Asian” Parliamentary Assembly held in the Azerbaijani capital, “Baku,” that we call on the countries of the world to establish a new and just international system and to reconsider some policies to serve common interests. .
Al-Mandalawi confirmed that Iraq sought to formulate a roadmap for a national project that would allow Iraq’s specificity to be integrated with the goals and objectives of sustainable development in the 2030 agenda.
Al-Mandalawi pointed out that "the Zionist entity does not respect international law, and its supporters must stop, and it is our duty to address the crisis situation in Gaza."
Al-Mandalawi called for condemning the aggression against Iraq and some Arab countries, and recommended the formation of a permanent committee responsible for supporting regional parliamentary cooperation.
An Iraqi parliamentary delegation headed by Al-Mandalawi arrived yesterday, Wednesday, in the capital, Baku, to participate in the 14th session of the Asian Parliamentary Assembly.
The Iraqi parliamentary delegation, headed by Al-Mandalawi, will participate in the opening and general sessions of the Asian Parliamentary Assembly today, Thursday. link
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Tishwash: ITC hosts Iraq National Trade Forum
With support from the government of Iraq, the International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO), organized a two-day trade forum to help Iraqi businesses to identify and develop trade opportunities. The Forum was funded by the European Union (EU).
According to a statement from ITC, more than 450 participants from the agriculture and agrifood sectors, business support organizations, international and regional suppliers, and investors, including over 200 Iraqi and international companies, donors and development partners attended the first day.
The second INTF comes after the successful first edition held in 2022 that helped secure participating companies' potential deals worth $2.5 million through more than 170 business-to-business (B2B) sessions, bridging over 70 Iraqi companies with global suppliers and investors. 30% of participant companies that had participated in 2022, returned for the second year.
The B2B event remained an integral part of the INTF to better connect Iraqi micro, small and medium-sized enterprises involved in farming, food processing, packaging and logistics with international and regional suppliers and investors.
These interactions are key for expanding business networks, facilitating business deals, fostering sustainable investments and promoting innovation while sharing best practices from leading Iraqi agribusinesses.
In addition to plenary sessions, high-level panels with practical workshops and B2B meetings, the 2024 edition of the Forum featured a trade exhibition called 'Iraqi Bazaar' that showcased hundreds of locally produced items in a pop-up store.
The label 'By Iraqi Hands' to stimulate the food industry and encourage people to buy more local products and support sustainable development was launched at the INTF. Iraq's Potato Sector Development Strategy was also officially launched on the occasion.
The ITC flagship report, SME Competitiveness Outlook 2023, was also launched globally on 19 February at the INTF. The report focuses on the impact of fragility on the competitiveness and growth of small businesses.
The European Union Ambassador to Iraq, Thomas Seiler said:
"International trade presents a very good opportunity for Iraq to revitalize its agricultural sector, diversify its economy, and achieve sustainable economic growth. By fostering international partnerships and leveraging its agricultural potential, Iraq can become a player in the global market and an even more important economic actor in the region. The European Union will continue to remain a close partner of Iraq and promote its integration in the global and regional markets."
ITC Executive Director Pamela Coke Hamilton said:
"With over one million MSMEs in operation, smaller businesses account for two-thirds of Iraq's private sector jobs. And they provide much more than that: they deliver crucial goods and services for the functioning of the local economy and for the wellbeing of its communities. As hundreds of Iraqi companies connect with buyers and investors at the Forum, they contribute to sustainable, trade-led development in the country and beyond."
ITC Head of Country Programme in Iraq, Eric Buchot said:
"Small businesses forming two-thirds of Iraq's private employment, are key to its economy. The involvement of 300 businesses at INTF 2024 could be game-changing with a fundamental mindset shift. For real impact, fostering competitiveness and a market focused approach is essential."
Deputy Special Representative, Resident Coordinator for Iraq Ghulam Mohammad Isaczai said:
"The success of the Second Iraq National Trade Forum underscores the vital role of Iraqi SMEs in driving economic growth and sustainable development. Through fostering partnerships and promoting innovation, we are paving the way for a more prosperous future for Iraq. The UN is committed to supporting Iraq's journey towards economic diversification and resilience, highlighting the importance of collaboration at all levels. Together, we are building a stronger, more inclusive economy that benefits all Iraqis."
The INTF has become a platform for enhancing awareness of pivotal domestic reforms, aimed at fostering robust private sector development. link
Mot: Quiz!!! --- sooo Just How does a Giraffe Take a Nap!!??
Mot: . Mot Continues to feel Blessed Passing On Such Important Things
News, Rumors and Opinions Thursday AM 2-22-2024
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 Thurs. 22 Feb. 2024
Compiled Thurs. 22 Feb. 2024 12:01 am EST by Judy Byington
Judy Note: It is my personal opinion that we need to plan for a worldwide Black Swan Event Cyber Attack and Blackout that adds up to collapse of the Global Financial System including Bank Runs and Closures that lead to a Worldwide EBS Alert and subsequent Global Currency Reset to the BRICS Nation’s gold/asset-backed system.
Global Currency Reset(RUMORS)
Wed. 21 Feb. Chance McFadden on Telegram: “NDAs were signed in Reno Tuesday 29 Feb. and the Reno 12 will be (allegedly) getting their 1% Fiat late Wednesday 21 Feb, then Thursday 22 Feb. in Europe, Asia and the Philippines on Friday 23 Feb.
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 Thurs. 22 Feb. 2024
Compiled Thurs. 22 Feb. 2024 12:01 am EST by Judy Byington
Judy Note: It is my personal opinion that we need to plan for a worldwide Black Swan Event Cyber Attack and Blackout that adds up to collapse of the Global Financial System including Bank Runs and Closures that lead to a Worldwide EBS Alert and subsequent Global Currency Reset to the BRICS Nation’s gold/asset-backed system.
Global Currency Reset(RUMORS)
Wed. 21 Feb. Chance McFadden on Telegram: “NDAs were signed in Reno Tuesday 29 Feb. and the Reno 12 will be (allegedly) getting their 1% Fiat late Wednesday 21 Feb, then Thursday 22 Feb. in Europe, Asia and the Philippines on Friday 23 Feb.
Wed. 21 Feb. Wolverine Whale Movement (of funds) Happening: 19,905,635 #XRP (10,751,673 USD) Transferred From #Binance To Unknown Wallet. 18,544,887 #XRP (10,016,690 USD) Transferred From #Binance To Unknown Wallet. Someone Knows Something Huge Pump For #XRP. …“The QFS is connected to 108 banks, is active in 14 countries and the platforms are ready to allow transfers. We are ready. God bless.”
Tues. 20 Feb. $5.20 (allegedly) New Iraqi Dinar International Rate: Iraqi Dinar – Its Massive ,Dinar Reinstated Surprised New Rate $5.20 USD For Every IQD – 19 February – YouTube
On Tues. 20 Feb. 2024 Protocol 20 began – the expansion of the stellar platform brings in more and more liquidity in this new digital asset based trading system. …Goldilocks
Tues. 20 Feb. MarkZ: “I have three Currency Whales who have exchange appointments set for some time in March.”
Tues. 20 Feb. Bruce: Feb. 22 Thursday to the end of the month Feb. 29 Fri. is when NESARA is (allegedly) starting to be released – including the R&R allowance.
Global Financial Crisis:
The Great Reset: Former Blackrock portfolio manager, Ed Dowd, explains why every last remnant of human freedom depends on widespread rejection of CBDC. “It is literally a prison planet. Once the central bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down.”
Wed. 21 Feb. The three largest Chinese banks (Industrial and Commercial Bank of China, China Construction Bank and Bank of China) have been rejecting Russian payments via SWIFT, SPFS and CIPS since the beginning of the year. Earlier, the cancellation of work with Russian business transactions became known from Turkey and the UAE. Countries fear secondary US sanctions under a new law for the US Ministry of Finance, which allows banks to be punished in a simplified manner for violating anti-Russian sanctions.
Wed. 21 Feb. Egypt has officially joined a growing list of countries to abandon the U.S. dollar entirely. It enacted this yesterday, and will no longer accept the U.S. dollar as a trade currency whatsoever.
Wed. 21 Feb. Nearly $1 Billion in Bitcoin Disappears After Transfer From Major US Exchange: https://u.today/nearly-1-billion-in-bitcoin-disappears-after-transfer-from-major-us-exchange
Jeff Bezos sells another $2.37 billion worth of Amazon stock with a total of $8.4 billion $AMZN shares sold over the past two weeks.
Complete list of Rothschild owned and controlled Banks across the world: https://thepeoplesvoice.tv/complete-list-of-rothschild-owned-and-controlled-banks/
Read full post here: https://dinarchronicles.com/2024/02/22/restored-republic-via-a-gcr-update-as-of-february-22-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Please just be patient! The reinstatement is coming and I firmly believe from what we now already know and are about to witness is a major part of the Banking Reforms that everything else was geared up to support over the past 10 years. Iraq is about to get out of the sanctioned mindset altogether and return to common global banking practices of how they will be doing business with the rest of the world going forward.
Militia Man The amount of construction and all those things that we've talked about are not going to be affordable at 1310. They specifically did a tripartite budget which they haven't totally exposed yet...But notice the things they have done. They were in the UN assembly... Davos...Munich and they were doing deals behind closed doors with all these different countries of the world...Middle East, United States, Great Britain and on and on and on...Are they going to be doing this to stay where they were before or are they going back to a previous era? 1169, 1182, 1460, 1310, they never went international with those rate...
WARNING: US Risks FISCAL CRISIS as its $1.6 TRILLION Deficit & $34.2T National Debt Are of Control
Lena Petrova: 2-21-2024
The 'Black Swan' That Could Reignite Inflation, Force Fed To Change Course | Gary Wagner
David Lin: 2-22-2024
Gary Wagner, Editor of TheGoldForecast.com, discusses the latest inflation report, as well as when the Federal Reserve is likely to begin cutting the Fed Funds rate.
0:00 - Intro
1:00 - Rate cut probability
3:20 - Inflation expectations
7:50 - Fed monetary policy
8:45 - Gold technical
22:45 – USD
24:45 – Bitcoin
Goldilocks' Comments and Global Economic News Wednesday Evening 2-21-24
Goldilocks' Comments and Global Economic News Wednesday Evening 2-21-24
Good Evening Dinar Recaps,
Trading Announcement:
The Commodity Futures Trading Commission has finally approved the following proposed rules:
"Proposed Rule: Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants
Proposed Rule: Foreign Boards of Trade
Proposed Rule: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions"
These proposed rules can now go into effect. As you can see, the first one deals with the ability to collateralize and cover swaps getting ready to take place. The second one deals with foreign market exchange guidelines. And the last one, deals with guidelines and requirements that governs swap exchanges and executions such as foreign currency exchanges.
Even though Forex is excluded from many of these guidelines, foreign currency exchanges are subject to reporting rules and the guidelines that govern swap executions taking place with the CFTC. CFTC
© Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 2-21-24
Good Evening Dinar Recaps,
Trading Announcement:
The Commodity Futures Trading Commission has finally approved the following proposed rules:
"Proposed Rule: Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants
Proposed Rule: Foreign Boards of Trade
Proposed Rule: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions"
These proposed rules can now go into effect. As you can see, the first one deals with the ability to collateralize and cover swaps getting ready to take place. The second one deals with foreign market exchange guidelines. And the last one, deals with guidelines and requirements that governs swap exchanges and executions such as foreign currency exchanges.
Even though Forex is excluded from many of these guidelines, foreign currency exchanges are subject to reporting rules and the guidelines that govern swap executions taking place with the CFTC. CFTC
© Goldilocks
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The CFTC is extending their comment period for the Proposed Rule on Operational Resilience Framework.
Protocol 20 is bringing in new price patterns and new adjustments to a new trading system. These comments will reflect changes needed to take place in making our transition into the new digital economy. These comments will be taken into account and put forth into new operational risk frameworks.
Operational risk assessments include the following: measurement methodologies, policies, procedures, processes for mitigating, controlling, monitoring, and reporting of operational risks.
Below is the announcement that will give us a timeline for these new adjustments to be discussed and implemented.
Washington, D.C. — "The Commodity Futures Trading Commission today announced it is extending the public comment period for a proposed rule requiring an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers, and Major Swap Participants. The deadline is extended to April 1, 2024." CFTC
© Goldilocks
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What is Operational Resilience? | LogicGate Risk Cloud
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CFTC Welcomes Standardized Approaches to Assessing Cybersecurity Preparedness | Nat Law Review
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(Reuters) - Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential U.S. Federal Reserve interest rate cuts, analysts at Goldman Sachs said.
"The immediate price boost from a Fed driven 100 basis point decline in U.S. 2-year rates is the largest for metals, especially copper (6%), and then gold (3%), followed by oil (3%)," Goldman Sachs said in a note dated Feb. 20.
Three-month copper on the London Metal Exchange was trading near a three-week high of $8,548 per metric ton as of 0542 GMT on Wednesday, while spot gold was at a near two-week high at $2,030.30 per ounce. [MET/L] [GOL/] Money US News
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Do you see how the movement into the digital asset-based trading system is being layered into one another?
When the FED begins to lower interest rates, it is expected to boost copper and gold the most. These particular metals are now apart of our new tokenized assets.
These changes will go a long way in adding value to our new real world assets. US News
© Goldilocks
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War is going to put price pressures on our Commodity Market, and it can lead to higher prices in the metals.
Our precious metals have been subdued and controlled for so long many of our assets have been locked into certain price patterns with momentum pressure in the marketplace.
A war will allow our assets across all Market sectors to be shaken up with new price patterns due to volatility. New tokenized assets will also play their part in shifting some of these price pressures into new directions.
As we reset the market with Protocol 20, new price patterns can come into play with real-world assets governed by new policies and procedures that will reflect lasting change. Baird Wealth
© Goldilocks
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I'm aware that a lot of rumors will begin to surface on this March the 2nd date, I can hear the keystrokes of our gurus already typing out new stories surrounding this date from around the world.
Assumptions are made, but no one knows for sure until we get to that date exactly what they're going to do say. No one person can predict the future, the RV date will be revealed through new Market support patterns. Bretton Woods will make an announcement when everything has moved into new values.
A lot of people have been brainwashed into the constant beating into their heads of looking at the markets through the eyes of a date and rate. It doesn't happen that way.
Believe me, the revaluation process will be a part of that meeting. Meetings like these are always about creating new values that can benefit the Global Economy.
Just sit tight, and enjoy the process. Europe still needs to bring out their MICA regulations for stablecoins and cryptocurrencies. My understanding is that these are mandated to be done by the end of May - just before their elections.
If you have your money in iso digital tokens, you are sitting in a good place. For those who have their investments only in paper money, you are going to have to wait until those tokenized assets begin to show reasons to change your currencies' values.
©✓Goldilocks
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Economist's "News and Views" Wednesday 2-21-2024
Creature from Jekyll Island Author: Fed's Digital Money Will Turn Us Into Zombies | Official Trailer
Daniela Cambone: 2-21-2024
In a compelling conversation, Daniela Cambone engages with G. Edward Griffin, renowned author of The Creature from Jekyll Island and founder of the Red Pill University, covering an array of critical topics including the banking crisis, the U.S. economy, the Fed, and even the quest for a cure for cancer.
Stay tuned for the full interview on 2.21.24.
Creature from Jekyll Island Author: Fed's Digital Money Will Turn Us Into Zombies | Official Trailer
Daniela Cambone: 2-21-2024
In a compelling conversation, Daniela Cambone engages with G. Edward Griffin, renowned author of The Creature from Jekyll Island and founder of the Red Pill University, covering an array of critical topics including the banking crisis, the U.S. economy, the Fed, and even the quest for a cure for cancer.
Stay tuned for the full interview on 2.21.24.
LIVE! Insiders Are Selling Off BILLIONS OF DOLLARS In Stocks. What Do They Know That YOU DON'T?
Greg Mannarino: 2-21-2024
'Big Rally' Could Last Until May, Then Markets Turn 'Ugly' | Chris Vermeulen
David Lin: 2-21-2024
Chris Vermeulen, Chief Market Strategist of The Technical Traders.com, discusses the direction of the stock markets, as well as correction indicators to watch.
0:00 - Intro
1:26 - Market performance overview
6:30 - This time vs. 2008
10:00 - Exit strategy
13:46 - VIX
18:49 - Gold
31:30 - U.S. dollar
More Tidbits From TNT Wednesday PM 2-21-2024
TNT:
Tishwash: US relocating forces in Iraq, Syria: Source
A security source in Al Anbar said that the United States had moved its occupying forces and equipment from Ain al-Asad air base to Al-Tanf base in Syria, according to a Monday report by the Almaalomah news website.
The source also noted that the US uses airplanes to move the forces and equipment, adding that the airplanes fly at low altitudes over western areas in Iraq.
The news website also quoted an Iraqi lawmaker as saying that all influential political factions in the country have a consensus on the need for the withdrawal of foreign military forces from Iraq.
The legislator underlined that people will witness the pullout of foreign forces from the country by the end of the current year.
TNT:
Tishwash: US relocating forces in Iraq, Syria: Source
A security source in Al Anbar said that the United States had moved its occupying forces and equipment from Ain al-Asad air base to Al-Tanf base in Syria, according to a Monday report by the Almaalomah news website.
The source also noted that the US uses airplanes to move the forces and equipment, adding that the airplanes fly at low altitudes over western areas in Iraq.
The news website also quoted an Iraqi lawmaker as saying that all influential political factions in the country have a consensus on the need for the withdrawal of foreign military forces from Iraq.
The legislator underlined that people will witness the pullout of foreign forces from the country by the end of the current year.
Mouin AlKazmi, a leading member of the Badr Organization, underlined that Iraq does not need foreign military forces and that their withdrawal means respect for the sovereignty of the Arab country. link
Tishwash: this is in China's news
Iraq no longer needs US-led coalition forces: PM
Iraqi Prime Minister Mohammed Shia' al-Sudani said Tuesday that Iraq does not need military advisors from 25 countries to work within the mission of the U.S.-led international coalition to fight the Islamic State (IS) group.
Al-Sudani made the comments during a press conference, in which he stressed that the Iraqi government began an integrated program to improve the armament of the security forces in conjunction with seeking to end the presence of the international coalition in the country.
The justifications for the coalition's existence in 2014 have ended today, and "we are in the year 2024," al-Sudani said.
He said that the IS group no longer poses a threat to Iraq's security, adding that the capabilities of the Iraqi security forces have improved significantly and it can now maintain security throughout the country.
Al-Sudani stressed that the government hopes to move to a new phase of relations with the international coalition countries, including the economic, political and security aspects.
Al-Sudani's comment came as Iraq and the U.S.-led coalition held on Feb. 11 a new round of dialogue to discuss ending the coalition's mission in Iraq. link
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Tishwash: Barzani: The Kurdistan region will adhere to the Iraqi decision regarding the international coalition
The President of the Kurdistan Region, Nechirvan Barzani, confirmed today, Tuesday, that the region will adhere to the decision taken by Baghdad regarding the international coalition mission in Iraq, as it is part of the country. Barzani said in a televised interview, “The coalition forces came at the request of the Iraqi government to confront ISIS, and a long time has passed since their arrival.
Therefore, it is natural to negotiate again to determine the form of the future relationship between the coalition and Baghdad, and on this basis the decision will be made on what the form of future relations will be.” He added, "ISIS still represents a great threat to Iraq," noting that "the reason is that the issue of ISIS is linked to the stability of Syria, not just Iraq."
Regarding how the Kurdistan region “will turn into an alternative geography” for American bases in the rest of Iraq, Barzani said, “We are not isolating the Kurdistan region from Iraq,” adding, “According to our policy, any decision that will be taken will be within the framework of Iraqi geography, and the Kurdistan region is part of Iraq.” "He will abide by the decision taken by Iraq in general." link
Tishwash: Iraq and Washington confirm the continuation of dialogue rounds to end the tasks of the international coalition
Prime Minister Muhammad Shiaa Al-Sudani received, on Wednesday, the US Ambassador to Iraq, Alina Romanowski, while they stressed the continuation of the rounds of dialogue to end the tasks of the international coalition in Iraq
The Prime Minister's Media Office stated in a statement received by "Al-Sumaria News", "The meeting witnessed a discussion of relations between the two countries and ways to strengthen them, and confirmation of the continuation of bilateral dialogue rounds and the joint supreme military committee, concerned with organizing the end of the tasks of the international coalition in Iraq."
The office added, "The meeting also discussed the files that will be raised during the upcoming visit of the Prime Minister to Washington, the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard." link
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CandyKisses: Sudanese advisor: Baghdad’s request to host the Arab summit aims to show Iraq’s important role in the region
Mawazine News - Baghdad
The advisers to Prime Minister Fadi Al-Shammari confirmed the government's intention to host the Arab summit with the aim of highlighting the important role of Iraq in the region, noting that Iraq with its new version and the urban renaissance it is witnessing represents a prominent position at the heart of the issues of the Arab and Islamic nation in terms of accelerating challenges and opportunities together.
Al-Shammari added in an interview followed by Mawazine News that "Iraq today represents a major axis of regional and international interactions, and its importance is reflected in its effective contributions to many Arab and global issues, through hosting important events and participating in international forums, which makes it a major player that contributes to shaping the future of the Arab nation."
Regarding Iraq's request to host the next Arab summit, Al-Shammari says that "the request reflects Iraq's desire to contribute effectively to Arab affairs and enhance its role in enhancing cooperation and achieving development, and the security stability achieved by Iraq, which is a key factor to attract international and regional summits."
Al-Shammari continued: "This request also highlights the regional role of Iraq as an influential regional player, and reflects its desire to strengthen its role as a mediator in issues of conflict and cooperation in the region, as well as opens up prospects for diplomatic communication, building closer relations between Iraq and Arab countries and enhancing economic cooperation."
Mot: .. WHAT!!! -- Ur Kidding!!!!
Mot: .. oooh lordy beeeee -- it Actually Happened!!!
More News, Rumors and Opinions Wednesday Afternoon 2-21-2024
KTFA:
Clare: Al-Sudani is making an upcoming visit to Washington
2/21/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with US Ambassador Alina Romanowski, on Wednesday, the issues that will be raised during his upcoming visit to the United States.
During his meeting with Romanowski, according to a statement received by Shafaq News Agency, Al-Sudani discussed relations between the two countries and ways to strengthen them, and confirmed the continuation of bilateral dialogue rounds and the joint supreme military committee, concerned with organizing the end of the international coalition’s missions in Iraq.
The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and “the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,” according to the statement. LINK
KTFA:
Clare: Al-Sudani is making an upcoming visit to Washington
2/21/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with US Ambassador Alina Romanowski, on Wednesday, the issues that will be raised during his upcoming visit to the United States.
During his meeting with Romanowski, according to a statement received by Shafaq News Agency, Al-Sudani discussed relations between the two countries and ways to strengthen them, and confirmed the continuation of bilateral dialogue rounds and the joint supreme military committee, concerned with organizing the end of the international coalition’s missions in Iraq.
The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and “the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,” according to the statement. LINK
Venezuela’s Maduro says the Consolidation of BRICS is Irreversible
Tuesday, 20 February 2024
Venezuela to be part of BRICS soon — Maduro
Nicolas Maduro stressed that the trend of the emergence of a new world and the consolidation of BRICS is irreversible
CARACAS, February 20. /TASS/. Venezuela will join BRICS in the near future, the country’s President Nicolas Maduro said.
The president pointed out that the “old colonial world with wars, interventions, genocide and a superiority complex” is being replaced by “a new world with BRICS.” According to him, “this world already exists and is irreversible.”
“The trend of the emergence of a new world and the consolidation of BRICS is irreversible, and Venezuela will soon be part of BRICS,” Maduro said on the Venezolana de Television TV channel.
Source: TASS NEWS
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 To me that Baghdad dollar, which is the dollar in the black market, is going to have a huge drop, which is what we all want. When it does that in the parallel market it is possible it will take it to a 1 to 1 rate...It is possible it will float with other currencies...Then the basket will float the IQD to gain value via a supply and demand of the currency on international markets...
Frank26 To me that Baghdad dollar, which is the dollar in the black market, is going to have a huge drop, which is what we all want. When it does that in the parallel market it is possible it will take it to a 1 to 1 rate...It is possible it will float with other currencies...Then the basket will float the IQD to gain value via a supply and demand of the currency on international markets...
Alert! EVERY SINGLE LEADING ECONOMIC INCICATOR IS CRASHING... With No End In Sight.
Greg Mannarino: 2-21-2024
WARNING: A VERY Troubling Recession Is Incoming, Get Ready…
Atlantis Report: 2-21-2024
Despite assertions of a robust economy from government sources, a pervasive sense of unease persists among Americans. This unease is not unfounded, given the confluence of factors such as record-high inflation, aggressive interest rate hikes by the Federal Reserve, and lingering pandemic-era uncertainties. Amidst these, voices of caution grow louder, a warning signal that a very troubling recession is incoming.
"Tidbits From TNT" Wednesday Morning 2-21-2024
TNT:
Tishwash: The Russian Ambassador’s vision: Iraq and the chances of joining the “BRICS” group
The Russian ambassador to Iraq, Elbrus Kutrashev, said that the opportunity is available to Iraq to join the BRICS countries, and that he is not concerned with the nature of the American response to this decision if Baghdad takes it.
He also spoke with great admiration about the visit of Prime Minister Muhammad Shia al-Sudani to Moscow (October 2023). He said that he did not expect the visit to be so successful.
Kutrashev, in a televised interview, said, “Russian-Iraqi relations are good and have a long history, and there are no complications, neither from a historical standpoint nor from a current standpoint, and external factors are what complicate these relations. As for the two peoples, we have a good and solid friendship. I am very comfortable with being Russia's ambassador to Iraq.
TNT:
Tishwash: The Russian Ambassador’s vision: Iraq and the chances of joining the “BRICS” group
The Russian ambassador to Iraq, Elbrus Kutrashev, said that the opportunity is available to Iraq to join the BRICS countries, and that he is not concerned with the nature of the American response to this decision if Baghdad takes it.
He also spoke with great admiration about the visit of Prime Minister Muhammad Shia al-Sudani to Moscow (October 2023). He said that he did not expect the visit to be so successful.
Kutrashev, in a televised interview, said, “Russian-Iraqi relations are good and have a long history, and there are no complications, neither from a historical standpoint nor from a current standpoint, and external factors are what complicate these relations. As for the two peoples, we have a good and solid friendship. I am very comfortable with being Russia's ambassador to Iraq.
He added, “In diplomatic life, it is very difficult to separate personal life from work life, and I intended to choose Iraq as my first diplomatic station, because I love Iraq and my personal life is linked to Iraq. My first son was born in Baghdad in 1999, and bears the name David, so I am Abu David.” “.
He pointed out that “Russia is ready to provide anything that Iraq needs, and we will not hold back on anything that we can provide and give to Iraq, including economic cooperation. The visit of the Sudanese President to Russia was very successful and above all expectations, and I was convinced that the visit would be successful, but not to this.” Al-Hadd, and the visit had a historical dimension and formed a solid base for continuing to develop our relations in all fields.”
Kutrashev stated, “In Iraq, we do not play the game of axes, and we do not look at Iraq as an arena for conflicts with anyone. Iraq is the one who chooses with whom it will develop its relations, and we have no sensitivity towards any country, whether Russia, America, China, or other countries.”
If Iraq wishes to join the BRICS group, there is a joint leadership that is looking into the matter. In fact, we have no agendas against America or others. If Iraq wants, welcome, we will work to help it comfortably, and I do not care about the American response on this issue. link
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Tishwash: Iraq and Russia are intensifying their cooperation to confront the scourge of corruption
The head of the Federal Integrity Commission, Haider Hanoun, announced the commission’s intention to twin with counterpart institutions in countries around the world, noting the long-standing experience of the Russian public prosecutor in the field of combating corruption and the possibility of transferring expertise from the two institutions and exchanging experiences.
During his meeting with the Prosecutor General of the Russian Federation (Igor Krasnov) in the capital, Moscow, Hanoun renewed the intention of the Iraqi regulatory agencies to partner with their counterparts in the Russian Federation, especially between the Authority and the Russian Prosecution, in addition to concluding a memorandum of understanding between the Iraqi Anti-Corruption Academy and the Public Prosecution University.
Russian, expressing the Authority’s desire to benefit from the experience of the Russian Public Prosecution and its university and to train the Authority’s staff there, in addition to inviting their experts to train and participate as lecturers in studying the professional higher diploma in specializations related to anti-corruption announced by the Academy.
For his part, the Russian Attorney General (Igor Krasnov) noted the strengthening of relations between the Republic of Iraq and the Russian Federation and its coincidence with the eightieth anniversary of the beginning of the relationship between the two countries, pointing out that one of the main components of cooperation between countries is unifying efforts in combating the most serious challenges, among which corruption occupies a special place. He stressed that he supports the efforts of the Iraqi Integrity Commission seeking to recover the fugitive defendants and the looted funds wherever they are found.
He pointed out that the signing of the memorandum of understanding between the two parties is of great importance in deepening and developing the relationship between the Office of the Prosecutor General in Russia and the Federal Integrity Commission in Iraq, expressing his readiness for further professional dialogue on any issues of common interest, even if they are not stipulated in the memorandum or the program. Cooperation, expressing its pleasure to see employees of the Republic of Iraq in short-term training courses, at its affiliated university, whether among its students or among the participants, welcoming the Authority’s call for Russian prosecution experts to contribute to training its staff in the Iraqi Anti-Corruption Academy.
During the meeting, a cooperation program was signed between the two parties, which will serve as a roadmap for implementing the terms of the memorandum over the next two years, which stipulates a full set of activities (workshops, meetings, and training courses). To exchange experiences in the field of international cooperation in the field of combating corruption, recovering the proceeds and proceeds of corruption crimes from abroad, forming national coordination committees to combat corruption, coordinating positions on multilateral international anti-corruption forums, and reviewing experiences in implementing legislation concerned with combating and preventing corruption, including those related to conflicts of corruption. interests, and financial disclosure.
The program also stipulated holding a round table meeting on the topic “Using modern digital technologies to combat corruption and holding training courses for the Authority’s employees by representatives of the General Prosecutor’s Office of the Russian Federation and the Public Prosecution University, as well as exchanging scientific and educational literature, periodicals and methodological materials on the topics of combating and preventing corruption.” link
Tishwash: A representative accuses America of standing in the way of the growing Iraqi economy
Today, Wednesday, the representative of the State of Law coalition, Muhammad Al-Shammari, accused the United States of America of obstructing Iraq’s economic openness to international countries.
Al-Shammari told Al-Maalouma, “The United States of America stands as a stumbling block in the way of Iraqi economic growth, through its interventions that obstructed arming the Iraqi army, controlling oil imports through the US Federal Reserve, obstructing reconstruction, and concluding contracts with reputable international companies.”
He pointed out that "America contributed greatly to preventing the arrival of reputable international companies to Iraq." link
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CandyKisses: Sudani diagnoses remarks on US sanctions: We will not abandon the private banking sector
Economy News - Baghdad
Prime Minister Mohammed Shia al-Sudani confirmed the existence of observations about the US Treasury sanctions on Iraqi banks, while pointing to the government's continued support for the private banking sector.
Al-Sudani said, in a press conference, followed by "Economy News", that "the government has made an important step to be Iraq's trade clear despite the challenges that appear from time to time," adding by saying: "All our trade passes today through the electronic platform and through the audit of the company (K-Two), that is, there are documented financial transfer operations."
He added, "The decisions issued by the US Treasury on Iraqi banks, which we have more than one observation on, are decisions related to observations on the performance of banks in previous governments, not the current government."
The Prime Minister stressed that "transactions and financial transfers of Iraqi trade, during the current period, pass through a clear electronic platform, in front of financial institutions, so this process has gained reliability."
"The government continues to support the private banking sector, and it cannot be abandoned, and we are working to address all observations in its performance, and we are evaluating it to be a partner with us for the desired development process in the country," al-Sudani said
Mot: Will be Fun Watching Her When She Realizes ~~~~~
Mot: ... What Are We!!!
News, Rumors and Opinions Wednesday AM 2-21-2024
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 Excerepts from the Restored Republic via a GCR: Update as of Wed. 21 Feb. 2024
Compiled Wed. 21 Feb. 2024 12:01 am EST by Judy Byington,
Global Currency Reset: (RUMORS)
On Tues. 20 Feb. 2024 Protocol 20 begins – the expansion of the stellar platform that will bring in new opportunities, and over time, bring in more abundance. We will notice changes that have been made on certain days begin to bring in more and more liquidity in the assets we hold inside this new digital asset based trading system. …Goldilocks
Tues. 20 Feb. Wolverine: “The QFS is connected to 108 banks, is active in 14 countries and the platforms are already to allow transfers. We are ready. God bless.
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 Excerepts from the Restored Republic via a GCR: Update as of Wed. 21 Feb. 2024
Compiled Wed. 21 Feb. 2024 12:01 am EST by Judy Byington,
Global Currency Reset: (RUMORS)
On Tues. 20 Feb. 2024 Protocol 20 begins – the expansion of the stellar platform that will bring in new opportunities, and over time, bring in more abundance. We will notice changes that have been made on certain days begin to bring in more and more liquidity in the assets we hold inside this new digital asset based trading system. …Goldilocks
Tues. 20 Feb. Wolverine: “The QFS is connected to 108 banks, is active in 14 countries and the platforms are already to allow transfers. We are ready. God bless.
Tues. 20 Feb. MarkZ: “I have three Currency Whales who have exchange appointments set for some time in March.”
Tues. 20 Feb. Bruce: Feb. 22 Thursday to the end of the month Feb. 29 Fri. is when NESARA is starting to be released – including the R&R allowance. Two sources – Reno and Geneva say we could be notified Wed. 21 Feb.
Tues. 20 Feb. Banker “Well folks, preparation is the key to success so after news of Protocol 20 being approved keep your phones charged and your email close. Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing tomorrow Wed. 21 Feb. …I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.
Tues. 20 Feb. $5.20 New Iraqi Dinar International Rate: Iraqi Dinar Its Massive, Dinar Reinstated Surprised New Rate $5.20 USD For Every IQD 19 February – YouTube
~~~~~~~~~~~
Tues. 20 Feb. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
Some banks like Chase and Wells have the new Dinar Rate on the front screens, but flashing meaning it was not quite ready to be exchanged.
Redemption Centers and banks are waiting for an email from Wells Fargo Corporate in New York, who get it from the US Treasury.
Feb. 22 Thursday to the end of the month Feb. 29 Fri. is when NESARA is starting to be released – including the R&R allowance.
Two sources – Reno and Geneva say we could be notified Wed. 21 Feb.
Read full post here: https://dinarchronicles.com/2024/02/21/restored-republic-via-a-gcr-update-as-of-february-21-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff I'm pretty much proud to tell you that you are witnessing Iraq set the stage to revalue right now. It's happening. They are preparing to revalue. All the evidence is here. There is no question it's happening.
Jeff Article: "Al-Sudani reveals the intention to end the political role of the United Nations mission in Iraq" Do you notice how they're talking about removing the remaining US coalition forces and the United Nations together at the same time? That's because Iraq's going international. The UN has chapter VII sanctions on Iraq and the US has OFAC sanctions on Iraq...Both parties need to remove their sanctions off of Iraq... They're discussing doing both steps simultaneously at the same time. Not coincidence. It's because Iraq's preparing to revalue and go international.
MASSIVE BANKING CRISIS: $900 BILLION in Commercial Real Estate Debt Threatens U.S. Banks
Lena Petrova: 2-20-2024
Banks, BRICS, & Bullion | LIVE Update w/ Andy Schectman
Liberty and Finance: 2-20-2024
What's next for banks, bullion, and BRICS? Get your questions answered LIVE by Andy Schectman
Billionaire Warns of BRICS Threat to Dollar Dominance: UST Yellen Says Everything is Fine
Billionaire Warns of BRICS Threat to Dollar Dominance: UST Yellen Says Everything is Fine
On February 19, 2024 By Awake-In-3D
Fred Smith, the founder and executive chairman of FedEx, has voiced serious concerns over the United States’ surging public debt, highlighting its potential to precipitate a catastrophic fiscal crisis.
Smith underscored the alarming projections from the Congressional Budget Office (CBO), which forecasts the U.S. federal debt held by the public to escalate from 99 percent of the gross domestic product (GDP) in 2024 to a record 116 percent by 2034, and further exceed 170 percent by mid-century.
Smith also highlighted the risk posed by the BRICS alliance to the U.S. dollar’s status as the world’s primary reserve currency.
Billionaire Warns of BRICS Threat to Dollar Dominance: UST Yellen Says Everything is Fine
On February 19, 2024 By Awake-In-3D
Fred Smith, the founder and executive chairman of FedEx, has voiced serious concerns over the United States’ surging public debt, highlighting its potential to precipitate a catastrophic fiscal crisis.
Smith underscored the alarming projections from the Congressional Budget Office (CBO), which forecasts the U.S. federal debt held by the public to escalate from 99 percent of the gross domestic product (GDP) in 2024 to a record 116 percent by 2034, and further exceed 170 percent by mid-century.
Smith also highlighted the risk posed by the BRICS alliance to the U.S. dollar’s status as the world’s primary reserve currency.
Smith emphasized, “This is unsustainable,” adding to a growing chorus of warnings about the nation’s fiscal health.
Echoing Smith’s concerns, Jamie Dimon, CEO of JPMorgan Chase, recently cautioned that unchecked government spending could lead to a default, potentially sparking a “rebellion.”
Similarly, billionaire investor Ken Griffin warned against printing more dollars to avert default, predicting it would plunge the financial system into a “deep tailspin.”
The national debt has significantly increased under recent administrations, jumping by more than $6.3 trillion during President Joe Biden’s tenure and $7.8 trillion under President Donald Trump.
He warned that efforts by these nations to dethrone the dollar could prevent the U.S. from selling its bonds, dramatically affecting living standards.
Treasury Secretary Janet Yellen, however, has taken a different stance, arguing against the need for the federal government to balance the budget for fiscal sustainability.
Despite a 16 percent increase in the budget deficit, pushing it to $532 billion in the fiscal year’s first four months, Yellen remains optimistic about President Biden’s deficit-reduction policies.
Annual interest payments on the public debt now exceed $1 trillion as the national debt passed the $34 trillion-mark last month.
Supporting article: Epoch Times The founder of FedEx has added his voice to the chorus of views expressing concern about out-of-control spending in Washington
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
De-Dollarization: Will the QFS Replace the All-Powerful Eurodollar System? Awake-In-3D
De-Dollarization: Will the QFS Replace the All-Powerful Eurodollar System?
On February 19, 2024 By Awake-In-3D
In RV/GCR
GCR-Land discussions often circle around de-dollarization and the fall of the U.S. dollar as the world’s reserve currency.
However, a closer examination reveals a more complex and deeply entrenched structure at the heart of global finance: the Eurodollar Shadow Banking System.
This system, often overlooked in Global Currency Reset (GCR) narratives, holds the true reins of financial power and influence, operating behind a veil of secrecy and complexity.
The U.S. dollar is merely an instrument within the global financial system, while the offshore Eurodollar market is the actual financial system itself.
De-Dollarization: Will the QFS Replace the All-Powerful Eurodollar System?
On February 19, 2024 By Awake-In-3D
In RV/GCR
GCR-Land discussions often circle around de-dollarization and the fall of the U.S. dollar as the world’s reserve currency.
However, a closer examination reveals a more complex and deeply entrenched structure at the heart of global finance: the Eurodollar Shadow Banking System.
This system, often overlooked in Global Currency Reset (GCR) narratives, holds the true reins of financial power and influence, operating behind a veil of secrecy and complexity.
The U.S. dollar is merely an instrument within the global financial system, while the offshore Eurodollar market is the actual financial system itself.
What is the Eurodollar System?
The Eurodollar system, fundamentally different from the U.S. dollar, represents dollar-denominated claims outside the United States. It is the backbone of the global financial system, transcending national currencies, borders, and regulatory jurisdictions.
Dollar-denominated claims in global finance refer to financial assets or liabilities that are denominated in U.S. dollars, regardless of the country in which the transaction takes place. These can include bonds, loans, or other financial instruments that are valued in U.S. dollars.
The Eurodollar’s capital structure is broad, deep and larger than the entire GDP of the United States.
The true power of the Eurodollar lies not in its visibility but in its pervasive and hidden influence over global financial operations.
The focus on de-dollarization and the replacement of the dollar as the world’s reserve currency is, in many ways, a distraction from the deeper issue.
The U.S. dollar is merely an instrument within the global financial system, while the secretive Eurodollar Market is the actual financial system itself.
This distinction is crucial in understanding why simply replacing the dollar with another currency does not support a Global Currency Reset (GCR) because it fails to address the inherent problems of the current system.
The Chinese Yuan is Not the Answer
Remember when alternatives such as the Chinese Yuan and the PetroYuan were proclaimed as successors to the dollar’s hegemony? Yet, these much-exaggerated claims fall apart under closer scrutiny.
China’s current economic challenges and the inherent limitations of the Yuan in global trade render it an unlikely candidate for replacing the dollar. Their collapsing stock markets and the ongoing real estate crisis (Evergrande, etc.) present serious obstacles.
The emergence of decentralized crypto currencies offers promise but also faces hurdles in achieving the level of acceptance and proficiency currently held by the supreme Eurodollar system.
The challenge lies in building a new system that can match, or surpass, the Eurodollar system’s capabilities.
A true transformational alternative lies in a global trade currency backed by gold.
This golden medium of exchange would offer stability, efficiency, and equity in foreign exchange rate management and global trade facilitation.
Such a currency, especially in the form of a global digital stablecoin, could provide the necessary attributes to challenge the Eurodollar system’s supremacy.
It would offer a transparent and reliable reserve currency alternative, free from the current manipulation of fractional reserve lending and fiat currency rehypothecation.
This transition, however, is not without its challenges.
The entrenched interests behind the Eurodollar system, with their vast wealth and influence, are unlikely to embrace a shift that threatens their current control over the global fiat currency and financial system.
The bankster cabal won’t simply embrace a digital gold-backed trade currency within the Eurodollar system. The Eurodollar system must be rendered obsolete by an alternative system.
What About the QFS (Quantum Financial System)?
Perhaps the enigmatic and much over-exaggerated Quantum Financial System (QFS) is the alternative that will dethrone the Eurodollar System. It makes far more sense to me that replacing the Eurodollar System is the true purpose and function of the QFS.
`The quest for an alternative is more than just a search for a new currency; it is a quest for a new financial command and control center for global foreign exchange, banking operations, and global commerce.
The potential of a gold-backed common currency, especially in digital form, and combined with a QFS infrastructure offers a view into what such an alternative might look like to challenge the very foundations of the Eurodollar system.
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
https://ai3d.blog/de-dollarization-why-the-gcr-cant-happen-unless-the-eurodollar-system-falls/
More News, Rumors and Opinions Tuesdday Afternoon 2-20-2024
Ariel: 15 Benefits Of Returning To The Gold Standard: The Citizen
1. Silver and gold hold intrinsic value that isn’t subject to inflation like fiat currency. This provides economic stability. Inflation has diluted the US dollar’s purchasing power substantially over the past century. In 1913 when the Federal Reserve was founded, $100 could buy what takes $2,500 today, an astonishing loss of value. Precious metals do not inflate like this.
2. There would be less risk of hyperinflation destroying savings and purchasing power. Venezuela suffered devastating hyperinflation with money losing all meaningful value, wiping out years of savings. This is impossible with something like gold or silver maintaining inherent worth.
3. Individuals would have more financial privacy without centralized digital money monitoring all transactions. China’s Social Credit System tracks all digital transactions giving the state unprecedented access to monitor citizen spending. Using precious metals allows for untracked exchange preserving privacy from authoritarian overreach.
Ariel: 15 Benefits Of Returning To The Gold Standard: The Citizen
1. Silver and gold hold intrinsic value that isn’t subject to inflation like fiat currency. This provides economic stability. Inflation has diluted the US dollar’s purchasing power substantially over the past century. In 1913 when the Federal Reserve was founded, $100 could buy what takes $2,500 today, an astonishing loss of value. Precious metals do not inflate like this.
2. There would be less risk of hyperinflation destroying savings and purchasing power. Venezuela suffered devastating hyperinflation with money losing all meaningful value, wiping out years of savings. This is impossible with something like gold or silver maintaining inherent worth.
3. Individuals would have more financial privacy without centralized digital money monitoring all transactions. China’s Social Credit System tracks all digital transactions giving the state unprecedented access to monitor citizen spending. Using precious metals allows for untracked exchange preserving privacy from authoritarian overreach.
4. Savings in precious metals preserve wealth better over the long term compared to fiat currencies. Historical cases like Mansa Musa’s 14th century West African empire growing incredibly rich from massive gold holdings show it preserving vast wealth over centuries compared to currencies that inevitably deflate.
5. Using silver and gold coins facilitates bartering and exchange without needing banks as financial intermediaries. Cigarettes’ emergence as black market currency in prison demonstrates how physical commodity monies facilitate localized exchange without reliance on financial intermediaries vulnerable to systemic failure.
6. Precious metals have industrial uses, unlike fiat which only has value as money due to government decree. The fact that silver and gold have versatile industrial applications for electronics, medical devices, solar panels etc. mean they will never lose all value and always have some intrinsic utility even aside from being used as currency.
7. Hard money disciplines governments from endless money printing to fund deficits. Ancient Lydia (in modern Turkey) was one of the first kingdoms to mint gold and silver coins. As metal purity allowed for trust in the currency, enabling the empire to expand trade reach and economic growth into neighboring regions.
8. Limited manipulability protects the economy from booms and busts in the business cycle. After the US civil war, battles over bimetallism versus strict gold standard contributed to business cycle instability from deflationary pressures that largely subsided once gold was firmly codified at $20 per ounce backing the dollar.
9. Reduces the ability to wage prolonged wars since sound money limits military overreach. 16th century Spain amassed huge gold troves making them a dominant military superpower, but they still eventually defaulted several times after overextending military budgets, showing hard money constraints checking endless warfare.
10. Eliminates systematic banking bailouts that socialize losses while privatizing profits. When unsound lending practices in the US savings and loan sector triggered crisis and threatened industry collapse, taxpayers were forced to cover billions in bailouts protecting firms while citizens bore job losses and economic pain.
11. May decrease income inequality since those closest to money creation won’t be enriched and those furthest won’t be impoverished. During the classical gold standard era in the 19th and early 20th centuries, wealth inequality levels were lower than today. This was partly because middle and working classes’ money maintained stable purchasing power, and their savings were not devalued through inflation as happens today.
12. Limits dollar diplomacy whereby global trade works through one dominant fiat currency. The Triffin dilemma refers to the problem of the US dollar acting as global reserve currency. It requires the US run perpetual trade deficits to supply enough dollars for world demand, which is unsustainable long-term. A gold or other commodity standard would remove this dilemma and rebalance international trade.
13. Restricts the government’s capacity to spy on and control citizen spending. When India was part of the British empire, many Indians distrusted paper rupees issued by the British and preferred holding gold and silver. This allowed them to exchange value privately without relying as much on imperial monetary policies.
14. Silver has anti-microbial properties with medical use-cases that provide utility even if not used as money. In World War 1, silver-containing antiseptics were crucial for treating injuries when antibiotics had not yet been developed. This demonstrates silver’s enduring medical utility independent of its monetary role.
15. Precious metals have cultural affinity and psychological appeal that increases confidence in money’s stability. Gold and silver have culturally significant statuses, often associated with royalty, luxury and wealth. This psychological attachment means they command belief in their inherent value in a way fiat currencies struggle to.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The CBI was given new DeLaRue machines to use by the United States Treasury. Why? Because the old DeLaRue machines cannot read the new security features on the new lower notes.
Mnt Goat I will tell everyone who has been in this speculative investment for a long time, this couldn’t be a worst time to sell your dinar. I compare it to a severe storm. You must have the guts to weather the storm... when the storm finally does really end, it’s over and done and then you move on to a better life knowing you weathered the storm and received the blessings that come afterwards. The rewards are great.
Vince Lanci: Are BRICS Really Planning A 'Common Currency'
Arcadia Economics: 2-19-2024
Over the past year there's been a lot of speculation in regards to what the BRICS may be planning in regards to a new currency system.
Leading up to last year's BRICS meeting Jim RIckards had speculated that they would be going to a gold-backed currency. Which of course has not happened yet.
At the BRICS meeting Russian Foreign Minister Sergey Lavrov said 'Nobody is talking now about a “common currency.' Although Russian economist Sergey Glazyev has made other comments that give a different impression. So what's really happening?
In today's show Vince Lanci reviews the comments, and shares how he interprets them, and what is actually taking place.
So to find out more about the latest currency developments from the BRICS that have the potential to impact the gold price, click to watch the video now!
Gold, Inflation & USD: The Truth Outside YOUR Window | David Morgan
Soar Financially: 2-18-2024
David Morgan, the Silver Guru and financial market commentator, joins us for an in-depth discussion of the economy. How is inflation behaving, what will be the FED's next move, what are the roles of gold and silver, and much more.