News, Rumors and Opinions Friday 3-1-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 1 March 2024
Compiled Fri. 1 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Thurs. 29 Feb. Goldilocks on Iraq Banking Announcement: “The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting on 1March 2024. Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism. March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 1 March 2024
Compiled Fri. 1 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Thurs. 29 Feb. Goldilocks on Iraq Banking Announcement: “The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting on 1March 2024. Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism. March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies.
Goldilocks Cont…..Iraq has been working with Governmental Agencies and Technological Developers to get them to this point. They have tested their money and in process of testing their money this month on electronic mechanisms that will help them to move forward in the new Digital asset-based Trading System. We are on the verge of witnessing them move into a global implementation stage of their currency.” https://search4dinar.wordpress.com/2024/01/28/the-central-bank-of-iraq-decides-to-restore-the-mechanism-of-financing-foreign-trade-for-iraq-starting-next-march/
Wed. 28 Feb. Wolverine: “On Thurs. 29 Feb. Iraq officially (allegedly) joined BRICS which means they must be (allegedly) asset backed. The Iraqi people are queuing up at the banks and (allegedly) waiting for the RV. All my sources are locked up with NDA right now and most Whales are under NDA.
Mon. 26 Feb. Hernán Robert Hbravo: “Baghdad Communication reported a possible Dinar revaluation on Thurs. 29 Feb. or Fri. 1 March.”
Judy Note: A High Up Contact and other valid sources have indicated that the Cabal (allegedly) capitulated on Thurs. 22 Feb. If things went as expected we may have a three day celebration beginning around Fri. 1 March. RV rates have been (allegedly) agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments sometime between Fri. 1 March – Mon. 4 March and begin appointments during the Ten Days of Darkness/ Exposure – which appeared slated to occur around Sun. 3 March through Wed. 13 March 2024.”
On Sat. 23 Feb. 2024 the World Trade Organization announced that Iraq had completed all requirements to be accepted as a member of the WTO including (allegedly) setting their new Iraqi Dinar International exchange rate. Iraqi PM Al Suddani has (allegedly) stated that the RV was done.
Wed. 28 Feb. Central Bank of Iraq (allegedly) announced that the new Dinar Rate was $3.47.
On Fri. 1 March 2024 Iraq will (allegedly) join other BRICS nations for the Global Currency Reset – exactly one year (March 2023) after the new Quantum Financial System (allegedly) went live on the Star Link Satellite Network.
All personal bank accounts have (allegedly) been mirrored onto the new Star Link Satellite System. People will (allegedly) need to go to a Redemption Center to set themselves up with their new bank accounts of gold/asset-backed currency that are (allegedly) free of the Cabal’s fiat currency Central Banking System.
Some banks have (allegedly) converted into being service agencies that can’t access monies in your personal account.
Tues. 27 Feb. EXPLOSIVE! Inside Trump’s Plan: Activating QFS & GCR to Wipe Out the Deep State Elites – Their End is Near! – Gazetteller
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Thurs. 29 Feb. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
On Tues. night 27 Feb. in Reno there was a meeting with six people. Among them were the Admiral, a Treasury Representative and Judy Shelton. They discussed the USN and gave the Admiral the green light to notify his group of appointment setting, although the date of that was not revealed.
On Wed. 28 Feb. there was a Conference Call training session between the Wells Fargo Corporation, all banks who were Basel 3 Compliant and the Redemption Centers.
A Wells Fargo representative will be present at the Redemption Center during your exchange.
If you exchange at a bank you will get a lower rate than you would get at a Redemption Center. A higher Contract Rate is available for the Dinar and special rates are available for the other currencies at the Redemption Centers, not at banks.
Notification for Tier4b (us, the Internet Group) to set redemption/exchange appointments will be sent sometime between Fri. 1 March and Mon. 4 March.
Another Iraqi Source said we would receive notification Fri. 1 March or Sat. 2 March.
Appointments for Tier4b to exchange will start by at least Mon. 4 March.
Another Iraqi Source said that the Central Bank of Iraq has set the new in-country Dinar Rate. The International Dinar Rate at the Bank is four times higher than the in-country rate.
We will have 14-15 days to exchange at a Redemption Center. After that you would have to exchange at a bank at the lower rates.
On Fri. 1 March the Iraqi Government will be paying all their salaries at the new in-country rate.
You will be given a Platinum Card that you use to move monies into your primary account. At your appointment you can move up to a billion $ into your primary account.
The Restitution and Rebate monies will begin to be paid out a week after the USN comes out.
The increase in Social Security payments will begin on your regular SS check in the month of March.
All banks have to be Basil III Compliant by Tues. 12 March.
Read full post here: https://dinarchronicles.com/2024/03/01/restored-republic-via-a-gcr-update-as-of-march-1-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Pimpy We personally do not exchange our currency with Iraq. What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars...If that bank...buys and sell foreign currencies they would keep it on their books as an asset. If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books. [Post 1 of 2....stay tuned]
Pimpy That's why you don't have to worry about whether Iraq has enough US dollars. It's going to be whether your bank has enough dollars and since everything's going to be digital there's not going to be a problem with that. That's how it's going to happen all around the world. You're going to be able to go into your bank, exchange your IQD and that's who you're exchanging it with. Iraq does not have to have all those US dollars to cover the IQD because banks are going to hold them on their books as foreign reserve assets. [Post 2 of 2]
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Could A New Form Of Money Be Circulated? | Adam Trexler
David Lin: 2-29-2024
Adam Trexler, Founder of Valaurum, discusses how gold can be used as a monetary asset in today's world.
0:00 - Intro
2:58 - Gold as an asset class
5:35 - Gold as monetary asset
8:53 - Inflation and gold
11:46 - Long-term vision for gold
Top 10 weakest currencies in the world
TNT:
Cutebwoy: Top 10 weakest currencies in the world
by Alausa-Issa Zainab February 29, 2024
How many of the world’s strongest currencies do you know? On the flip side, here’s everything you need to know about the weakest currencies in the world.
A currency becomes weak if a country’s exchange rate is regressing. This is as a result of internal policies, inflation and the economic situation of the country. It is possible for you not to be aware of the weakest currency in the world but I’m certain you know of the most popular which is the United States dollar. But surprisingly, the dollar is not the strongest
TNT:
Cutebwoy: Top 10 weakest currencies in the world
by Alausa-Issa Zainab February 29, 2024
How many of the world’s strongest currencies do you know? On the flip side, here’s everything you need to know about the weakest currencies in the world.
A currency becomes weak if a country’s exchange rate is regressing. This is as a result of internal policies, inflation and the economic situation of the country. It is possible for you not to be aware of the weakest currency in the world but I’m certain you know of the most popular which is the United States dollar. But surprisingly, the dollar is not the strongest
The value of a currency depends on the demand and supply while some are pegged – that is, the currency is valued at an agreed rate. The foreign exchange rate is an indicator of a country’s economic wealth. Through it, the economic future of a country is clearer Actually, the exchange rate is not usually stable, it fluctuates as dictated by the market. Let’s quickly talk about factors that determine foreign exchange. They are Inflation and Interest rates:
Inflation
If the level of inflation of a country is low, the currency will definitely have higher value but if it is the other way, the value will definitely drop. Inflation is a big influence on the currency exchange rates of a country.
Interest
A shift in interest can have an impact on the currency value. If it rises, lenders will want more interest and this would attract more international investment. This would automatically lead to a rise in exchange rates.
Now, let’s go back to the essence of this article. I’ll break down the weakest currencies in the world from the least weakest.
10. Iraqi Dinar (IQD)
Iraqi Dinar is the official currency of Iraq. Inflation has rendered the currency to one of the weakest currencies in the world. Political instability is a major contributor to the state of Iraqi Dinar. The currency is issued by the Central Bank of Iraq and its first circulation was on April 1, 1932, replacing the Indian Rupee which had been the country’s official currency since World War One. The United States one dollar equals 1,312 Iraqi Dinar.
9. Ugandan Shilling (USH)
Ugandan Shilling became weak due to Uganda policies that have had a negative impact on the economic status of the country. The East African Shilling was replaced with Ugandan Shilling in 1966. Another shilling was introduced in 1987 due to high inflation. One US dollar equals 3,938 Ugandan Shillings at the moment.
8. Paraguayan Guarani (PYG)
Paraguayan Guarani has been affected by high inflation, poverty, unemployment and corruption. Paraguay is one of the poorest countries in South America. Even though the country exports soybeans and cotton, the economic situation has overpowered its effect. Currently, one US dollar trades at 7,278 Paraguayan Guarani.
7. Guinean Franc (GNF)
Guinean Franc is the official currency of Guinea. Political instability and corruption led the currency to its weak state. Sadly, every year, the currency devalues despite having natural resources like gold, aluminum, and diamonds. One US dollar is currently equivalent to 8,597 Guinean Franc.
6. Uzbekistani Som (UZS)
So many efforts have been employed to improve the economy of Uzbekistan but have been fruitless. The industrial output of the country has really declined which is also affecting the currency value. Important to note that Uzbekistan is still grappling with the effect of Covid-19 pandemic on the economy. As of now, one US dollar is equivalent to 12,501 Uzbekistani Som.
5. Indonesian Rupiah (IDR)
The Indonesian Rupiah has failed to improve over the years. This can be traced to decreasing foreign exchange reserves and the dependence of Indonesia on the export market. All efforts to strengthen the national currency have been abortive. One US dollar equals 15,562 Indonesian Rupiah at the moment.
4. Laotian Kip (LaK)
Laotian Kip is the official currency of Laos People’s Democratic Republic. This currency was never devalued but issued at a very low rate in 1952. The Central Bank of Lao maintains the currency, but it’s among the weakest in the world. The current exchange rate of one US dollar in Laos People’s Democratic Republic equals 20,900 Laotian Kip.
3. Sierra Leonean Leone (SLL)
The value of Leone declined drastically due to corruption and other financial scandals in Sierra Leone. Poverty is also another factor, which led to the downfall of the economy. Leone was introduced in 1964 as a replacement of the British West African pound. 20,969 Sierra Leonean Leone is side-by-side with just one US dollar at the moment.
2. Vietnamese Dong (VND)
Vietnamese Dong is the official currency of Vietnam. The economic situation in the country devalues the currency. The transitioning from a centralized economy to a market based one devalued the currency. The State Bank of Vietnam manages the currency. Vietnam’s currency exchanges at 24,639 Vietnamese Dong to one US dollar.
1. Iranian Rial (IRR)
The Iranian Rial has been affected by different kinds of crises. In 1979, the termination of the Islamic Revolution made foreign investors withdraw from the country; the nuclear programme and political unrest are factors that contributed to the weakness of the currency. As of now, one US dollar is equivalent to 42,055 Iranian Rial.
https://tribuneonlineng.com/top-10-weakest-currencies-in-the-world/
Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24
Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24
Good Evening Dinar Recaps,
"The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and services while ensuring consumer protections, according to the release.". 1 day ago
As we have discussed in this room before, a federal regulatory sandbox allows new innovations to be tested in a private setting and in a controlled environment.
This testing of new digital assets will gain an insight into their functionality and operability. The findings will allow them to regulate their behavior under the supervision of qualified individuals capable of assessing their future use case scenarios.
Goldilocks' Comments and Global Economic News Thursday Evening 2-29-24
Good Evening Dinar Recaps,
"The legislation aims to foster innovation in financial services by establishing federal regulatory sandboxes that let entrepreneurs test new products and services while ensuring consumer protections, according to the release.". 1 day ago
As we have discussed in this room before, a federal regulatory sandbox allows new innovations to be tested in a private setting and in a controlled environment.
This testing of new digital assets will gain an insight into their functionality and operability. The findings will allow them to regulate their behavior under the supervision of qualified individuals capable of assessing their future use case scenarios.
The use of this new monetary legislation regarding regulation determinations through pilot programs inside a sandbox will come in handy with our new expansions of Quantum Technologies interfacing through Protocol 20.
The ability to study and test stablecoins, tokenized assets, and send them into the market is currently moving through the House of Representatives. House Financial Services Pymnts
© Goldilocks
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Bitcoin Announcement:
Wall Street is telling us that the demand for Bitcoin is greater than it's supply. When demand is greater than supply, prices rise.
This will affect many other assets in the crypto currency space. As you can see, liquidity is coming into the new digital economy as it's being formed.
Prices are beginning to change because of it. Movement of money and use case scenarios are expected to grow from here in the new digital economy. The first RV.
Remember, we spoke of two RVs. When the digital economy is solidified, payment systems on the local level will begin to signal new changes are needed. This is when we will see the paper currency begin to form new price patterns. Crypto Tips
© Goldilocks
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"Shafaq News/ The International Monetary Fund (IMF) indicated a "significant decline" in inflation rates in Iraq, which was reflected in the decline in food and energy prices and the stability of the foreign exchange market in Iraq.
According to the Ministry of Finance, an Iraqi delegation headed by Finance Minister Taif Sami concluded its discussions with the IMF's Article IV mission experts in Amman, Jordan, during which many issues were discussed, including the implementation of the economic reform program, the improvements achieved by the Iraqi government in the field of development infrastructure, financial sustainability, and boosting non-oil revenues."
It looks like Iraq has been given permission to move forward with their economic reforms as we discussed in January this year was going to take place in February 2024 because of an announcement made during Article 4 consultation with the IMF.
This is why we are seeing the acceptance of Iraq in the WTO, and they can now join other countries in the WTO formulating new price mechanisms that will level the playing field in trade among other nations. Shafaq News
© Goldilocks
👆 Watch the water.
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Repost👇:
Goldilocks Highlights ™ 🌱🧂, [Jan 29, 2024 at 1:35 PM]
Iraq Banking Announcement:
"The Central Bank of Iraq has decided to restore the mechanism of financing Iraq’s foreign trade, starting next March."
Look what we have here. Iraq is planning to move forward with financing their foreign trade mechanism.
March 1st, 2024 is the day they expect to begin this process. They are telling their banks that they expect to do this with all currencies.
Iraq has been working with Governmental Agencies and Technological Developers to get them to this point.
They have tested their money and in process of testing their money this month on electronic mechanisms that will help them to move forward in the new Digital asset-based Trading System.
We are on the verge of witnessing them move into a global implementation stage of their currency. Search 4 Dinar
© Goldilocks
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"Over the past year or so, the Fed has been intensely discussing inflation in “core services,” which is where inflation had shifted to in 2022, from goods inflation which had spiked into mid-2022 but then cooled dramatically. So “core services” is where it’s at. Core services is where consumers spend the majority of their money. Core services are all services except energy services. Core services inflation has been behaving badly for months, and in January, it spiked out the wazoo."
The likelihood of another rate hike was mentioned today. These core readings give the FED an indication how much inflation is taking place and how much money consumers are spending.
Inflation tends to devalue a currency. As we have talked about in this room, the likelihood of currencies creating more purchasing power normally comes with a lowering of interest rates. Wolf Street
Let's watch their next moves.
© Goldilocks
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Ripple Announcement:
Enterprise blockchain solutions provider Ripple announced a new partnership this week with digital asset management leader Zoniqx, formerly Tassets. The strategic alliance integrates Ripple’s efficient XRP Ledger (XRPL) infrastructure with Zoniqx’s cutting-edge tokenization platforms.
The collaboration aims to simplify issuing real-world asset tokens on the high-speed XRPL blockchain, which supports both native XRP and customizable tokens. Watcher Guru
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Morgan Stanley is deciding whether to offer spot bitcoin ETFs to customers of its large brokerage platform.
The arrival of broker-dealers like Morgan Stanley as well as large registered investment advisor (RIA) networks could bring more investment into the new products. CoinDesk
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Ripple to unlock 1 billion XRP on March 1; What’s next? | FinBold
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Regulatory sandboxes can play an important role in fostering the innovation needed for overcoming the barriers to financial inclusion that keep poor and excluded customers marginalized from the formal financial system.
Sandboxes allow regulators to base their regulatory response to innovations on the results of live experiments. In frontier cases, this helps regulators to make faster and better informed decisions on how to appropriately regulate (and supervise) new services and providers reaching the marketplace.
CGAP
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"BlackRock bitcoin ETF trading volume surpasses $1B for second day in a row" | Blockworks
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Stablecoins Hit Highest Market Cap Since 2022 | CNN
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Economist's "News and Views" Thursday 2-29-2024
5 Factors Leading To Economic Crisis In America | Peter Grandich
Liberty and Finance: 2-28-2024
Peter Grandich says there are five major factors leading America into crisis: the national debt, retirement and aging population, immigration, the BRICS, and political paralysis.
The biggest factor is the national debt, he says. He points out how even the Congressional Budget Office continues to revise their projections higher.5 Factors Leading To Economic Crisis In America | Peter Grandich
Liberty and Finance: 2-28-2024
Peter Grandich says there are five major factors leading America into crisis: the national debt, retirement and aging population, immigration, the BRICS, and political paralysis.
The biggest factor is the national debt, he says. He points out how even the Congressional Budget Office continues to revise their projections higher.
5 Factors Leading To Economic Crisis In America | Peter Grandich
Liberty and Finance: 2-28-2024
Peter Grandich says there are five major factors leading America into crisis: the national debt, retirement and aging population, immigration, the BRICS, and political paralysis.
The biggest factor is the national debt, he says. He points out how even the Congressional Budget Office continues to revise their projections higher.
INTERVIEW TIMELINE:
0:00 Intro
1:19 Five factors
11:40 US debt problem
13:21 Immigration
20:16 Preparedness
27:15 Gold update
LIVE! TOtaL SHockER!!! INFLATION CONTINUES TO RISE! More Billionaires DUMPING STOCKS!
Greg Mannarino: 2-29-2024
Macron Wants The Impossible, FARMERS PROTESTS Collapsing EU, German Property Crisis Erupts
Sean Foo: 2-29-2024
The Eurozone is in a horrible economic crisis and things are getting worse. The farmers' protests are escalating, Germany is facing a real estate crisis that threatens their banks. And Macron has said the unthinkable, that sending troops in can't be ruled out. Here's how dangerous things have become.
Timestamps & Chapters:
0:00 EU Farmers Protests Worsen
3:04 Europe Food Crisis Hits Hard
6:07 German Real Estate Crisis
9:57 Macron's Russian Meltdown
13:13 EU Total Panic
More News, Rumors and Opinions Thursday Afternoon 2-29-2024
Russia Ready to Test Payments in Digital Currencies With China, EAEU.
MOSCOW (Sputnik) – Russia will promote the topic of improving the BRICS settlement and payment system and is ready to test payments in digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries, Russian Finance Minister Anton Siluanov told Sputnik.
“The agenda that we will promote within the framework of our chairmanship is the improvement of the financial, settlement and payment system, which, in the current conditions of fragmentation, would be convenient and safe for trade participants within the BRICS. The system [that will be] outside of politics, independent of Western unfriendly infrastructure,” Siluanov said.
Russia Ready to Test Payments in Digital Currencies With China, EAEU.
MOSCOW (Sputnik) – Russia will promote the topic of improving the BRICS settlement and payment system and is ready to test payments in digital currencies with China, the Eurasian Economic Union (EAEU) and the Gulf countries, Russian Finance Minister Anton Siluanov told Sputnik.
“The agenda that we will promote within the framework of our chairmanship is the improvement of the financial, settlement and payment system, which, in the current conditions of fragmentation, would be convenient and safe for trade participants within the BRICS. The system [that will be] outside of politics, independent of Western unfriendly infrastructure,” Siluanov said.
Siluanov noted that financial technologies are actively developing and provide a wide range of tools, including for the formation of an innovative payment and settlement infrastructure.
“It is proposed creating a platform that would connect the financial systems of its participants. For example, technological gateways for settlements in digital currencies of central banks are already in operation. We propose creating a BRICS Bridge system, which, based on the BRICS institutions, would be available to our countries and would ensure the proper level of equality and would contribute to the development of trade relations …
We are ready to start [testing] with countries that express such a desire. Perhaps with China, perhaps with our neighbors in the EAEU, with the countries of the Persian Gulf,” the minister added.
Source: Sputnik
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This monetary reform, the next step which is vitally important in order for us to see what we're looking for, which is called the managed float, their currency matched at least to 1 to 1 with the dollar will be in an international basket...All the articles have been talking about it. It's going to be a managed float. They'll eventually say stop it right there, we can't go any higher than the other middle eastern currencies. This managed float is in its first stage. The float is about to happen.
Militia Man Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Hotes From the Field By Simon Black/James Hickman February 28, 2024
[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.]
Almost one year ago to the day-- on February 24, 2023-- Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent.
The bank had acquired a massive portfolio of more than $100 billion of US government bonds-- supposedly the ‘safest’ asset class in the world-- during 2020 and 2021 back when interest rates were at historic lows.
But then the Fed started hiking rates very quickly in 2022. And higher rates cause bond prices to fall-- even the ‘safest’ ones like US Treasury bonds.
Even The FDIC Doesn’t Want To Pay Its Tax Bill…
Hotes From the Field By Simon Black/James Hickman February 28, 2024
[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.]
Almost one year ago to the day-- on February 24, 2023-- Silicon Valley Bank released its 2022 annual report. And senior executives must have been pretty nervous since the report showed that the bank was nearly insolvent.
The bank had acquired a massive portfolio of more than $100 billion of US government bonds-- supposedly the ‘safest’ asset class in the world-- during 2020 and 2021 back when interest rates were at historic lows.
But then the Fed started hiking rates very quickly in 2022. And higher rates cause bond prices to fall-- even the ‘safest’ ones like US Treasury bonds.
By the end of 2022, Silicon Valley Bank’s portfolio of US government bonds was down by more than $15 billion. And with barely $16 billion in total capital, Silicon Valley Bank was nearly wiped out.
Their 2022 annual report communicated this insolvency risk very clearly. And the bank’s leadership must have probably been expecting the stock to crash almost immediately.
And yet it didn’t. After the annual report was released and all the ‘experts’ on Wall Street had a chance to see the alarming data, Silicon Valley Bank’s stock price barely budged.
Then, just ten days later, the Chairman of the Federal Reserve testified to Congress that the Fed’s rapid interest rate hikes presented absolutely zero risk to the financial system:
“Nothing about the data suggests to me that we’ve [raised rates] too much. . .” he said.
Of course, the Fed’s rapid interest rate hikes were precisely the reason why Silicon Valley Bank’s bond portfolio had lost so much value.
But again, neither Wall Street nor the Fed (which, as a financial regulator, had unfettered access to Silicon Valley Bank’s real-time financial condition) thought there was any risk whatsoever.
We know what happened next, and Silicon Valley Bank collapsed within a week.
But there’s now a new, and even more bizarre chapter to the story.
Typically, when banks in the US fail, one of the federal banking regulators (usually the FDIC, or Federal Deposit Insurance Corporation) steps in to take over.
And that’s what happened with Silicon Valley Bank: the FDIC took over operations almost immediately to try and sort out the mess.
Bank restructurings, however, are almost always chaotic. They take time. The FDIC must liquidate assets in an orderly manner to maximize the value of the balance sheet, then prioritize claims against those assets.
Depositors obviously need to be paid. Creditors and lenders want their money too. And so, of course, does the government.
It turns out that Silicon Valley Bank also owed a tax bill to the IRS… $1.45 billion to be exact.
And since the FDIC became the legally responsible party of Silicon Valley Bank, the IRS went knocking on the door of its fellow government agency to ask for the money.
The FDIC refused.
In fact, according to the FDIC, they owe absolutely zero tax and will pay nothing.
Hilarious, right? This is literally government agency versus government agency in a dispute over taxes. And they can’t even settle the matter like grown adults, so the case is now going to federal court.
This raises an obvious point: if even a government agency like the FDIC is going out of its way to minimize its tax bill, then why shouldn’t everyone else?
There are way too many hard-core Marxists in the United States these days who insist on higher taxes, new taxes, punitive taxes. Activist groups like Pro Publica have published the illegally acquired tax returns of wealthy Americans in an effort to shame people… as if following the tax code and taking completely legitimate steps to reduce what you owe is some mortal sin.
But this case between the FDIC and IRS only proves the point made by Judge ‘Learned’ Hand decades ago, that “Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury.”
Taking legal steps to reduce your taxes is completely sensible. And frankly tax reduction isn’t even part of a Plan B; it should be Plan A!
Fortunately, there are plenty of ways to do this. In 2024, for example, you can reduce your taxable income by $23,000 (or $27,000 if you're 50 or older), through pre-tax contributions to a Traditional 401(k).
For those who are self-employed or have a side business, a solo 401(k) allows an even greater tax-free contribution of up to $69,000 (and $76,500 for those aged 50 or older).
Plus, you have more freedom to invest your money as you see fit-- real estate, crypto, and more.
And while you do eventually have to pay taxes when you withdraw the funds in retirement, most retirees will be in a lower tax bracket at that point. Plus, your investments will have grown and compounded tax-free for that entire time.
If you’re willing to move across state lines, you can reduce or eliminate state and local taxes. If you are willing and able to move abroad, you can potentially eliminate federal taxes as well.
For US citizens living abroad, the Foreign Earned Income Exclusion (FEIE) allows you to earn up to $126,500 as an individual, or $253,000 as a couple, tax-free (though this does not include investment income).
Plus, you can exclude even more as a housing expense, which varies depending on where you live overseas.
And for people who move to Puerto Rico, as both myself and my partner Peter Schiff did, tax rates go down to 0% on capital gains, and just 4% on business income.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/even-the-fdic-doesnt-want-to-pay-its-tax-bill-150216/
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Liberty and Finance: 2-2-8-2024
Investors are used to unending stimulus from the Federal Reserve. But market trader Gareth Soloway is anticipating continued high inflation, and the Fed will not be able to lower rates.
Also, the rate at which the national debt is rising is "unsustainable."
"The reset occurs when all of that collapses."
Financial Reset Is Necessary, Here's Why | Gareth Soloway
Liberty and Finance: 2-2-8-2024
Investors are used to unending stimulus from the Federal Reserve. But market trader Gareth Soloway is anticipating continued high inflation, and the Fed will not be able to lower rates.
Also, the rate at which the national debt is rising is "unsustainable."
"The reset occurs when all of that collapses."
"Tidbits From TNT" Thursday Morning 2-29-2024
TNT:
Tishwash: Al-Sudani: The investment environment in Iraq has become promising, welcoming and open
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”
This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.
At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.
TNT:
Tishwash: Al-Sudani: The investment environment in Iraq has become promising, welcoming and open
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”
This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.
At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.
The Iraqi Prime Minister reiterated the government's welcome of companies with high technical and operational experience, explaining that the investment environment in Iraq has become a promising, welcoming and open environment, especially after the financial, administrative and banking reforms took their course, and the private sector was qualified to conclude fruitful partnerships with international companies. link
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Tishwash: A new step by the government to attract foreign investments
Deputy Prime Minister and Minister of Oil, Hayyan Abdul-Ghani Al-Sawad, revealed today, Wednesday (February 28, 2024), the government’s intention to amend the investment law to facilitate the work of companies that wish to enter Iraq.
Al-Sawad said during an interview with “Baghdad Today” that “the government is determined to amend the investment law in Iraq, in a way that ensures the process of attracting companies,” indicating that “there are some observations on the current investment law, and accordingly we proceeded to propose some amendments, and they will be studied to proceed with drafting the amendments.” necessary from the government in preparation for sending the amendments to Parliament for passage.”
The Deputy Prime Minister stated, “Investment in the refinery sector is our most important priority in the Ministry of Oil, and therefore the government seeks to develop all aspects of the country, and one of the most important ways of development is to work to find an investment law that will be attractive to companies to work in Iraq.”
According to specialists in economic affairs, the country’s investment law is one of the best laws that can attract capital and international companies, in addition to being appropriate to the economic reality.
They stressed that the advantages provided by the law were not optimally exploited to bring about broad development or reconstruction moves, and the provisions of the laws were not widely exploited except in the oil field, pointing out that legal legislation alone is not sufficient for the inflow of investment capital into the country. link
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Tishwash: Barzani discusses in Washington the importance of ensuring the region’s share of the budget and protecting its security
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed in Washington, today, Wednesday (February 28, 2024), with a member of the Foreign Relations Committee in the US Senate, Senator Tammy Duckworth, the controversial issues between Baghdad and Erbil.
The regional government said in a statement received by “Baghdad Today” that Barzani “during the meeting briefly touched on the general situation in Iraq, and the importance of resolving the controversial issues between the Kurdistan region and the federal government, in a way that guarantees the region’s financial rights, secures its share of the budget, protects its security and stability, and preserves the region’s financial rights.” rights of all its components.
Senator Tammy Duckworth, according to the statement, renewed her support for the Kurdistan region, and also stressed that she will make every effort to protect the Kurdistan region and address the controversial issues between the region and the federal government.
It is noteworthy that Barzani has been continuing for days during his ongoing visit in Washington a series of meetings and meetings with officials in the American government and members of the Senate and Congress, and his discussions focus on bilateral relations between the region and the American side and discussing the outstanding issues between Kurdistan and Baghdad. link
Mot: ... And Today is!!!!!!
Mot: ... Yeppers!!!! --- WRONG Tribe I Be IN!!!
News, Rumors and Opinions Thursday AM 2-29-2024
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. 29 Feb. 2024
Compiled Thurs. 29 Feb. 2024 12:01 am EST by Judy Byington
Judy Note:
Stock Market Crash Alert: Mark Your Calendars for March 1. Lawmakers are stuck in negotiations over the budget as a government shutdown looms large. Will the stock market crash? https://investorplace.com/2024/02/stock-market-crash-alert-mark-your-calendars-for-march-1
Global Currency Reset: (RUMORS)
Wed. 28 Feb. Wolverine: “Hi guys. A lot of people are asking me why it has not gone off yet. If you look at what is going on right now you will realize that we are close. They are ready. They are not waiting for anything anymore. There are no problems anymore. Iraq is (allegedly) a member of the World Trade Organization.
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. 29 Feb. 2024
Compiled Thurs. 29 Feb. 2024 12:01 am EST by Judy Byington
Judy Note:
Stock Market Crash Alert: Mark Your Calendars for March 1. Lawmakers are stuck in negotiations over the budget as a government shutdown looms large. Will the stock market crash? https://investorplace.com/2024/02/stock-market-crash-alert-mark-your-calendars-for-march-1
Global Currency Reset: (RUMORS)
Wed. 28 Feb. Wolverine: “Hi guys. A lot of people are asking me why it has not gone off yet. If you look at what is going on right now you will realize that we are close. They are ready. They are not waiting for anything anymore. There are no problems anymore. Iraq is (allegedly) a member of the World Trade Organization.
Wolverine Cont…..On Thurs. 29 Feb. they will (allegedly) officially joined BRICS which means they must be (allegedly) asset backed. Venezuela could be among those other four countries joining BRICS as well. The Iraqi people are (allegedly) queuing up at the banks and waiting for the RV. All my sources are locked up with NDA right now and most Whales are under NDA. That is a good sign. We should have an announcement (allegedly) tomorrow Thurs 29 Feb. concerning the USTN. So just hold on as it’s not that long to go till Wolverine sings that Opera. God bless you all.” …Wolverine
Tues. 27 Feb. Bruce: Tier4b (us, the Internet Group) could get our notifications (allegedly) on Thurs. 29 Feb. Everything is supposed to roll out and be visible to us on Fri. 1 March – which is when Tier4b appointments could start. The Iraqi Government will (allegedly) start paying all their salaries at the new Dinar Rate on Fri. 1 March. The R&R will start paying out around the second week of March. Starting in March there will be(allegedly) increases in Social Security payments of at least $2,041 on top of what you are getting now.
Mon. 26 Feb. Hernán Robert Hbravo: “Baghdad Communication reported a possible Dinar revaluation on Thurs. 29 Feb. or Fri. 1 March.”
Judy Note: A High Up Contact and other valid sources have indicated that the Cabal (allegedly) capitulated on Thurs. 22 Feb, the final phase of The Plan (mass arrests?), which was now in motion. If things went as expected we may have a three day celebration beginning around Thurs. 29 Feb. RV rates have been agreed upon with a goal for the RV to happen by Fri. 1 March. It was now my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments around Thurs. 29 Feb. or Fri. 1 March and begin appointments during the Ten Days of Darkness/ Exposure – which appeared slated to occur around Sun. 3 March through Wed. 13 March 2024.”
On Mon. 20 March 2023 the new gold/asset-backed Quantum Financial System (QFS) (allegedly) replaced the Cabal’s fiat currency Central Banking System. There were 11,000 institutions in 200+ countries which adopted the QFS ISO20022 Digital Payment System.
Wed. 28 Feb. Intel on Currency Reset, NESARA and QFS, Johnson, Scott: https://beforeitsnews.com/alternative/2024/02/derek-johnson-dr-scott-new-intel-on-currency-reset-of-nesara-and-the-qfs-3809171.html
Global Financial Crash:
Wed. 28 Feb. Fed to allow emergency bank lending program to expire on March 11 Reuters: https://www.reuters.com/markets/us/fed-allow-emergency-bank-lending-program-expire-march-11-2024-01-25/
Wed. 28 Feb. Wells Fargo, Bank of America, PNC, Santader Banks announce 34 branch closures in one week: https://www.dailymail.co.uk/yourmoney/article-13128359/bank-branch-news-Wells-Fargo-Bank-America-Citizens-PNC-Santader.html
Wed. 28 Feb. El Salvador President Says the US Dollar Will Collapse: https://watcher.guru/news/brics-el-salvador-president-says-the-us-dollar-will-collapse
Read full article here: https://dinarchronicles.com/2024/02/29/restored-republic-via-a-gcr-update-as-of-february-29-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Harlequinc3 Over the years, there's been many articles about the old currency retaining its 'nominal value' -- the denomination remains the same, a 25,000 dinar note remains 25,000 one dinars. And the new 25 denomination remains 25 one dinars. 1 dinar = 1 dinar. Denomination value just means 'name' not exchange rate. The confusion arises from people thinking 'value' means exchange rate, when it's just talking about the nominal value -- the 'named' value of the dinar, which in this example is a '25,000 dinar' note -- that's its name, not its exchange rate. [Post 1 of 2]
Harlequinc3 To an Iraqi, an exchange rate of pounds sterling to dinar is meaningless. 1 dinar is just 1 dinar. But what does that 1 dinar buy? That's what matters to an Iraqi...IMO, the latest article is explaining, the named value of both notes don't change (it doesn't affect the 'nominal value.') It answers the question about a lop of the old dinar, explaining you will exchange 25,000 old dinar for 25,000 new dinar (electronically) at a 1:1 value -- the named value remains the same. Of course, for people outside Iraq they will be exchanging 25,000 dinar for their home country's national currency of 25,000 dinar at an approved exchange rate. [Post 2 of 2]
Fed Policy Mistake To Cause Bond Rush, Break The Economy | Alfonso Peccatiello
David Lin: 2-2-8-2024
Alfonso Peccatiello, Founder of The Macro Compass, discusses the state of the economy, and what's next for bonds, stocks, and Bitcoin.
0:00 - Intro
1:40 - Interest rates
7:24 - AI
8:30 - Fed policy mistake
9:27 - Incoming bond supply
14:30 - Stock prices vs economy
16:10 - Sentiment on the recession
20:15 - Outlook on stock markets
23:11 – Bitcoin
Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24
Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24
Good Evening Dinar Recaps,
"This suggests that the gap between weekends and weekdays could deepen further as ETFs gain traction and change the market structure,” Kaiko concluded.
Since the dawn of spot Bitcoin ETF, trading volumes over the weekend have moved over to Traditional Market hours Monday through Friday.
People are beginning to wake up to the fact that a digital economy is well underway, and the markets are shifting from weekend trades to traditional Market hours.
This move is indicating that sentiment towards a digital economy is growing, and the measurement of new values on digital assets are beginning to move M-F with the traditional market hours.
This has raised the level of professionalism inside the CRYPTO Market giving those who trade these assets more validity as a trader.
Goldilocks' Comments and Global Economic News Wednesday Evening 2-28-24
Good Evening Dinar Recaps,
"This suggests that the gap between weekends and weekdays could deepen further as ETFs gain traction and change the market structure,” Kaiko concluded.
Since the dawn of spot Bitcoin ETF, trading volumes over the weekend have moved over to Traditional Market hours Monday through Friday.
People are beginning to wake up to the fact that a digital economy is well underway, and the markets are shifting from weekend trades to traditional Market hours.
This move is indicating that sentiment towards a digital economy is growing, and the measurement of new values on digital assets are beginning to move M-F with the traditional market hours.
This has raised the level of professionalism inside the CRYPTO Market giving those who trade these assets more validity as a trader.
With big names like BlackRock and others pouring their money into the crypto markets and moving out of the stock market, it is shaping the world of crypto. The merge of these two markets into one is well underway.
It is a market that has to be dealt with as tokenized assets have been given the green light as of yesterday to begin moving and expanding Networks across the Sorobon mainnet.
Sorobon is a smart contract Network designed to draw in institutional money as well as the entrepreneur seeking to add a little pocket change.
Look for a stablecoin regulation to become a main priority at this point on the legislative level. Once these moves are made, they will turn on these Networks to full blast.
The merging of tokenized assets and digital payment systems through stablecoins and smart contracts are a phase of development that is picking up steam. The Block
© Goldilocks
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Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).
Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end customer, and act as a ‘receipt’ for the goods being shipped.
Once payment – or agreement to pay at a future date – for the goods is received, the Bill of Lading is released to the buyer so they can claim the product on arrival.
The vast majority of Bills of Lading are currently in paper form. Through this new partnership, Lloyds Bank’s clients will now be able to securely and seamlessly transfer fully digital, blockchain-based eBLs between organisations on the WaveBL network, which boasts members in 136 countries and includes four of the world’s ten largest container shipping carriers.
Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, unlocking new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs).
Bills of Lading are a critical document in international trade. They are issued by a carrier when a seller dispatches goods to an end customer, and act as a ‘receipt’ for the goods being shipped.
Once payment – or agreement to pay at a future date – for the goods is received, the Bill of Lading is released to the buyer so they can claim the product on arrival.
The vast majority of Bills of Lading are currently in paper form. Through this new partnership, Lloyds Bank’s clients will now be able to securely and seamlessly transfer fully digital, blockchain-based eBLs between organisations on the WaveBL network, which boasts members in 136 countries and includes four of the world’s ten largest container shipping carriers. The Global Treasurer 1
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Google Announcement:
"Google has declared the discontinuation of Google Pay in the United States. The tech giant announced that all users will be transitioned to Google Wallet, with the standalone Google Pay app in the US set to become unusable from June 4, 2024." Finance Magnates
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BRICS Move Away from Dollar: Loans Now in Yuan, Marking Shift in Global Power Dynamics | Crypto News Flash
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BlackRock Bitcoin ETF (IBIT) Hits Another Record Volume Over $1.35B as BTC Price Nears $57K | CoinDesk
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When Ethereum spot ETF is approved, watch for Bitcoin smart ETF holders to diversify into the new Ethereum ETF.
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When hyperinflation hits our economy and we are very close, this will slow the money velocity to a near stopping point.
It will allow new connections to be made in the market inside a digital monetary framework.
Just know there is a purpose in it all and be prepared: food, shelter, toilet paper, and water are your best friends.
During this time, the most important assets you will hold will be your friends and family.
© Goldilocks
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Ripple Announcement:
According to a new announcement, Ripple and the Axelar Foundation are partnering to bring greater interoperability to XRP Ledger (XRPL) across several blockchain networks.
This collaboration aims to drive forward a more interconnected blockchain ecosystem, providing developers with new integration and application development opportunities. Axelar's network will be a supplementary resource for XRPL, increasing its utility and reach.
Ripple President Breaks Silence on Latest XRP Ledger Game-Changing Move Today
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The market charts are beginning to show topping formations. USBank
© Goldilocks
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Economist's "News and Views" Wednesday 2-28-2024
You Want to Own Commodities 'In a Big Way' After the Crash: Michael Pento
Commodities Culture: 2-28-2024
Michael Pento thinks commodities will be a great place to be, just not right now.
A confluence of factors including untenable government debt, a weak banking sector, and extreme overvaluation in the broad market means that stocks are set for a brutal correction
Michael believes it's better to play defense for the time being, and then look to gold, silver, uranium and other commodities when there's blood in the streets.
00:00 Introduction
01:45 Brutal Market Downturn
05:58 Fed Reaction to Crash
07:38 State of the US Economy
12:30 Where do Commodities Come In?
15:43 Which Commodities Will Shine?
17:48 Thoughts on Gold and Silver
22:16 How is Michael Positioned?
26:30 Defensive Stocks
28:15 Time in the Market or Timing the Market?
Market Correction Incoming, Central Bank Structure about to Change Worldwide
X22 Report (w/ Bob Kudla):
Bob begins the conversation talking about Germany, while trying to hit net zero they hit net zero in the economy. Germany is in a recession. Bitcoin is projected to hit over 100000. Dimon, Zuckerberg, Waltons etc are now selling stock to prepare for the market correction, they are in the know. President of Argentina is now going after the [CB]. As the economy improves it is going to send a shockwave across the world showing other countries and the people that it never had to be this way. The [CB] structure is about to change and the people are going to take back control.
The FED Sends Warning of US Crisis, As 4 More Countries Are Now in Recession
Atlantis Report: 2-28-2024
The United States is teetering on the brink of a profound economic crisis, a fact emphasized by recent warnings issued by the Federal Reserve.
Against a backdrop of soaring household debt, rising food insecurity, and a surge in foreclosures, the warning signs are impossible to ignore.
What's more, the American plight is not isolated; it's part of a broader global trend, with countries like the UK, Japan, and even Germany grappling with recessionary pressures.
From the struggles of everyday Americans to the economic woes of nations across the globe, the impact of this crisis is being felt far and wide.