Economist's "News and Views" Thursday 3-7-2024
China’s Economic RESET Begins, Argentina Faces Bond Collapse, BRICS Challenges The US Dollar
Sean Foo: 3-6-2024
China just declared their GDP target for 2024 and the West is losing their minds.
Here's why China's plan for economic growth is all about building their industrial base and why many investors are still upset.
Argentina on the other hand is facing the risk of a bond collapse, their plan to sell more debt is starting to backfire.
And BRICS just came out with a new challenge to the US dollar and it's tied to the blockchain.
Timestamps & Chapters:
China’s Economic RESET Begins, Argentina Faces Bond Collapse, BRICS Challenges The US Dollar
Sean Foo: 3-6-2024
China just declared their GDP target for 2024 and the West is losing their minds.
Here's why China's plan for economic growth is all about building their industrial base and why many investors are still upset.
Argentina on the other hand is facing the risk of a bond collapse, their plan to sell more debt is starting to backfire.
And BRICS just came out with a new challenge to the US dollar and it's tied to the blockchain.
Timestamps & Chapters:
0:00 China's Big Economic Meeting
2:48 China Massive Stimulus
5:53 Argentina's Big Bond Crisis
9:29 BRICS New Payments System
12:37 Global Order Is Changing
In 4 Days EVERYTHING changes for the U.S. Dollar, Putin and China are Ready
Atlantis Report: 3-7-2024
The U.S. dollar is facing a major challenge that could undermine its status as the world's reserve currency and the dominant medium of exchange in the global economy.
The next 15 days hold profound implications for the future of the U.S. dollar and the broader landscape of global finance.
It also coincides with the end of the Bank Term Funding Program, which could lead to additional financial instability, and Russia and China are making moves that could worsen things.
LIVE!! More Proof! The US/WORLD ECONOMIC FREEFALL - COLLAPSE IS PICKING UP SPEED.
Greg Mannarino: 3-7-2024
More News, Rumors and Opinions Thursday Afternoon 3-7-2024
KTFA:
Clare: George Bush greets Masoud Barzani and wishes the people of Kurdistan and Iraq well-being
3/7/2024
On Wednesday, former US President George W. Bush sent a special greeting to the Kurdish leader, Masoud Barzani, while wishing the people of the Kurdistan Region and Iraq in general happiness and prosperity.
A statement issued by the Kurdistan Regional Government, received by Shafaq News Agency, said, "Prime Minister Masrour Barzani, as part of his visit to the United States, met with former US President George W. Bush."
During the meeting, Barzani expressed his thanks and appreciation to President Bush for his support for the people of the Kurdistan Region and Iraq, as well as the liberation of Iraq from the dictatorial regime, and his support for the democratic system in the country.
KTFA:
Clare: George Bush greets Masoud Barzani and wishes the people of Kurdistan and Iraq well-being
3/7/2024
On Wednesday, former US President George W. Bush sent a special greeting to the Kurdish leader, Masoud Barzani, while wishing the people of the Kurdistan Region and Iraq in general happiness and prosperity.
A statement issued by the Kurdistan Regional Government, received by Shafaq News Agency, said, "Prime Minister Masrour Barzani, as part of his visit to the United States, met with former US President George W. Bush."
During the meeting, Barzani expressed his thanks and appreciation to President Bush for his support for the people of the Kurdistan Region and Iraq, as well as the liberation of Iraq from the dictatorial regime, and his support for the democratic system in the country.
For his part, President Bush sent his special greetings to President Masoud Barzani, and also expressed his wishes for contentment and prosperity to the people of Kurdistan and all the citizens of Iraq. LINK
Rodman: when is Iraq supposed to be in the WTO
Paulette: IMO......Not before they pass needed legislation, eliminate the MCP and are recognized as having accepted IMF Article 8 obligations. Accession Committee next meeting with Iraq is planned for the "middle of the year"
~~~~~~~~~~~~
Clare: ALL REQUIREMENTS HAVE BEEN MET FOR THE WTO ACCESSION... IT CAN HAPPEN ANY TIME, DON'T LET THEM FOOL YOU IMO.
FINAL ARTICLE #3880
Frank26: " 'IT'S COMING'... BUT IT WAITS FOR THE NEW EXCHANGE RATE"............F26
Official: The issue of Iraq’s accession to the World Trade Organization is coming soon
Undersecretary of the Minister of Commerce, Sattar Al-Jabri, considered on Tuesday that the issue of Iraq’s accession to the World Trade Organization was imminent, while he stressed that the current federal government would achieve self-sufficiency and not depend on the importer.
########
FINAL ARTICLE #3854
Frank26: "WTO COMPLETE & AFFIRMED"...............F26
Iraq completes requirements to join WTO
2/28/2024
The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.
Al-Ghurairi told the Emirates News Agency (WAM) that Baghdad finalized issues related to goods and services in accordance with the deadlines set for integration into the international trade system.
************
Frank26: "THERE'S ONLY ONE REASON."...........F26
Revealing the reasons for the delay in the arrival of amendments to the budget schedules to Parliament
3/5/2024
Baghdad..
Deputy Chairman of the Parliamentary Planning Committee, Muhammad Al-Baldawi, revealed, on Tuesday, the real reasons behind the government’s delay in sending amendments to the current year’s budget schedules to the House of Representatives for the purpose of approval.
Al-Baldawi told Al-Maalouma,
“The delay in sending amendments to the 2024 budget schedules to Parliament is due to several reasons, including the ministries not completing their plans regarding the lagging projects, as the government is working to close this file, as well as the difference in prices and currency values.” (THIS IS THE REASON, NOTHING ELSE -F26)
He added, “Among those reasons relates to the schedules and amounts allocated to the Kurdistan region of Iraq, especially after the recent decisions issued by the Federal Court, which obligated the government to do so.”
He pointed out that “most of these reasons and obstacles have been overcome by the government and will be sent to Parliament very soon.” LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 You have the 25,000 dinar note. You don't take a pair of scissors and cut out the three zeros. A lot of you think that. No...The official exchange rate... .00085971 . You don't go around thinking to yourself they're going to take a pair of scissors and they're going to cut the physical dinar. No. No. No. What they're going to do is take the exchange rate...put the decimal point there so the exchange rate then would be about .86 cents [rounded off]... What does that mean? If you have 1 dinar you have $0.86 cents when they lift the 3 zeros from the exchange rate...It's a reinstatement...back the way it was.
Militia Man Article "The dinar and the dollar" Remember Al Sudani told everyone that the Iraq dinar will return to its lofty economic value because the dinar is stronger than the dollar. There are things that are coming back up. This is Muhammad Rasheed, he's talking about the national currency...the dinar. He's stating that the economic world is witnessing a qualitative boom in awareness. A lot of people around the world are figuring this out and very soon it will overthrow the dollar. So the dinar is going to be stronger. Al-Sudani told us that...This guy Muhammad Rasheed is holding his feet to the fire...
BRICS Reveals Its Next Move Iraqi President Makes Statement
Edu Matrix: 3-6-2024
BRICS Reveals Its Next Move: Iraqi President Makes Statement - BRICS is going digital currency - Iraq's president makes a statement about Iraqi people in a meeting with a UN Special Representative. BRICS sends notice to G20 of the organization's top priorities.
BRICS Announce Blockchain Currency (Now Is THE TIME To Stack Silver)
Smart Silver Stacker: 3-7-2024
BRICS nations have announced a new blockchain currency to rival the dollar. Gold is surging, and silver isn't far behind.
"Tidbits From TNT" Thursday 3-7-2024
TNT:
Tishwash: Parliamentary law requires consensus before legislating the oil and gas law
Today, Thursday, the head of the Parliamentary Legal Committee, Mortada Al-Saadi, stipulated consensus between the political blocs before legislating the oil and gas law.
Al-Saadi said in an interview with the Maalouma Agency, “The oil and gas law cannot pass without a political agreement,” noting, “There are many laws that need political agreement, most notably the oil and gas law.”
He added, "The law is a sensitive law that requires deep study and discussion, and cannot be passed without a political agreement." link
TNT:
Tishwash: Parliamentary law requires consensus before legislating the oil and gas law
Today, Thursday, the head of the Parliamentary Legal Committee, Mortada Al-Saadi, stipulated consensus between the political blocs before legislating the oil and gas law.
Al-Saadi said in an interview with the Maalouma Agency, “The oil and gas law cannot pass without a political agreement,” noting, “There are many laws that need political agreement, most notably the oil and gas law.”
He added, "The law is a sensitive law that requires deep study and discussion, and cannot be passed without a political agreement." link
Tishwash: Including Iraq... 5 Arab countries possess more than a thousand tons of gold reserves
The World Gold Council announced on Thursday that five Arab countries, including Iraq, own more than a thousand tons of global gold reserves.
The council said in its latest schedule for the month of March, seen by Shafaq News Agency, that “the first five countries (Saudi Arabia, Lebanon, Algeria, Iraq, and Egypt) possessed 1,47.3 tons, while the rest of the countries possessed (Libya, Kuwait, the Emirates, Jordan, Morocco, and Bahrain).” 489.5 tons.
He added, "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as it has not purchased gold since May, bringing its gold possessions to 142.6 tons, which represents 8.4% of the rest of its other reserves."
The Council also pointed out that “the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8,133.5 thousand tons, followed by Germany with 3,352.6 thousand tons, then Italy came with 2,451.8 thousand tons, while Bosnia and Herzegovina came at the bottom with 1.5 thousand tons.” A thousand tons.
It is noteworthy that the World Gold Council is based in the United Kingdom, and has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world. link
****************
Tishwash: An analytical view of the International Monetary Fund regarding the government and central bank’s actions to recover the Iraqi economy
In light of the assessment by the experts of the International Monetary Fund mission of the measures taken by the government and the Central Bank, which contributed to preserving the transition of the Iraqi economy from a state of fragility to a gradual recovery during the second half of 2023, as it became clear that “growth in the non-oil sector rose strongly in the year 2023 by 6%.” % of the gross domestic product, with inflation declining to 4% after it was 7.5% at the beginning of the year.
This comes due to the Central Bank’s measures to control the general level of prices and reduce inflation, which is the most prominent monetary policy task that has been achieved, which is the lowest inflation rates achieved for the year 2023 in regional and Arab countries. It was achieved due to the efforts made in organizing the financing of foreign trade and cooperation with the government in securing basic foodstuffs and providing... Ration card materials at subsidized prices.
The occurrence of these developments is due to the stability of the foreign exchange market and the safety and transparency of 95% of foreign transfers to traders and importers via the electronic platform and at the official rate, in addition to opening direct dealings with up to 30 foreign and Arab correspondent banks and opening dealings in the local currencies of countries with which Iraq has important trade exchanges, such as China, Turkey and the Emirates. And India.
After some interruptions following the implementation of new anti-money laundering and counter-terrorism financing controls on cross-border payments in November 2022, improved compliance with the new system and CBI initiatives to reduce transaction processing times led to a recovery in trade finance in the second half of 2023. .
The IMF welcomed "the initial steps taken towards establishing the Treasury Single Account (TSA), which is a critical tool for improving cash liquidity management." It is necessary to point out here the “efforts made by the Central Bank aimed at getting rid of surplus liquidity. The Central Bank increased the interest rate on monetary policy tools and raised mandatory reserve requirements. It also began issuing treasury bills with a maturity of 14 days last summer.”
Therefore, the Fund called for supporting the existing efforts of the Central Bank by consolidating unused government deposits in the unified treasury account, refraining from pro-cyclical financial policy, reducing dependence on monetary financing, and improving public debt management, and from an insightful view of the International Monetary Fund, it confirms However, the steps taken by the government and the Central Bank to accelerate the digital transformation of the economy, reduce dependence on cash and enhance financial inclusion, which supports the plans to launch a financial inclusion strategy.
Official statistics indicate that 558 government agencies deployed electronic payment tools in 2023, compared to 12 government agencies in 2022. The number of employee salary localization cards reached 8,653,000 cards, the number of issued cards was 17,822,310 cards, and the value of the use of electronic payment tools in 2023 amounted to approximately 12 million dollars through 32,842 transactions link
Mot: Mot: .. Did Ur Mum Ever Say!! ~~~~~~
Mot: . If You Were Ever a ~~~~~~
News, Rumors and Opinions Thursday AM 3-7-2024
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. 7 March 2024
Compiled Thurs. 7 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
Wed. 6 March Wolverine: “We are just one millimeter away. I received some incredible news from South America as well. It’s just green all over. It’s green all over. It’s coming. Congratulations for being in this for so long and believing that this is real. I love you guys. Take care, guys. Blessings to everyone.”
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. 7 March 2024
Compiled Thurs. 7 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
Wed. 6 March Wolverine: “We are just one millimeter away. I received some incredible news from South America as well. It’s just green all over. It’s green all over. It’s coming. Congratulations for being in this for so long and believing that this is real. I love you guys. Take care, guys. Blessings to everyone.”
Tues. 5 March Ginger Q & A: Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.” Member: “This is great news! Is it only for people in Asia, Colombia/Brazil that got the green light? What about people that have historical bond on T3 in Switzerland? Should they also get the green go light?” Ginger: “Please think of this Event like a “human Wave” at a football game. It’s gotta start somewhere…but it’ll get to you and me as we watch it move across the entire stadium – a Global Event which reaches everyone.”
Mon. 4 March Frank26: “The IQD is going through a phase where it’s being traded internationally on the Forex private side, live. In Jan it was trading at $2.60, last month $2.63 or so, Sunday $2.70, this morning $2.79 and 2pm today $2.84 and just before he got on it was at $2.87. This is a trend that’s going through the reinstatement phase to get to $3.22 (for an expected International Rate).”
Tues. 5 March MarkZ: “I have a lot of sources expecting it to break loose in the next days. I would not be surprised to see it before we reach the weekend. …Official rate still stays at $13.10. Doesn’t matter what the Forex says if you can’t go to a free float. …Bond folks are still expecting to soon receive 1% of their money. Last time I checked early this morning the Dinar was about $2.80. You cannot exchange at that yet but it does show things are changing and something is cooking.”
Tues. 5 March David Lester Straight: “All banks are transitioning over into the QFS. Eight billion people will inevitably transition to the QFS. Start getting hold of the ISO 20023 XLM and XRP. In an age of unparalleled technological advancements, we stand at the precipice of a revolution so profound, it’s poised to reshape our financial, military, and electoral systems. The dawn of the Quantum Financial System (QFS) is upon us, and a new world order awaits. Our world, home to a staggering 8 billion souls, finds itself at the crossroads of a digital renaissance. This isn’t just any change; it’s a quantum shift. And guess what? Every single person will be a part of it.” https://www.facebook.com/david.lester.straight.18059
Global Financial Crisis:
Wed. 6 March MikeCristo8 on X: This is China crashing the US stock market: China is withdrawing from the U.S. stock market via USD – yuan 4X. Yuan can no longer buy USD:https://twitter.com/mikecristo8/status/1765524059348230628?s=10&t=U6_XzJ0VbEFpOZku2j6yMg
Wed. 6 March “Bank of America went offline, the collapse is near.” https://twitter.com/FoJAk3/status/1765469017832034737?t=PA8sqGOGfmF-X6UFYF38Mg&s=19
Wed. 6 March NY Bancorp crashes 42% & trades are HALTED!
Wed. 6 March New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion: https://www.cnbc.com/2024/03/06/new-york-community-bancorp-tumbles-40percent-and-is-halted-as-troubled-bank-reportedly-seeking-cash-infusion.html
Wed. 6 March New turmoil at NYCB as CEO exits and fourth quarter loss balloons to $2.7 billion https://t.me/drue86/52660
Wed. 6 March All Shell Card Readers are down nationwide. They will work with TAP Cards, but all other cards have to be put in manually.
Banks in BIG TROUBLE. The begging didn’t work — Fed Res confirms NO NEW LOANS. Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm
Read full post here: https://dinarchronicles.com/2024/03/07/restored-republic-via-a-gcr-update-as-of-march-7-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Bruce ...We know that the dinar and the other currencies have been coming in on the forex and trading upward...the bank screens reflect that. They reflect the fact that the currencies are trading up and still blinking - on the screen, which means they're not set. They're not stable, but they're continually moving upward in value. And they're blinking. So...What are we waiting on? I think they're just waiting for the currencies to hit the values that they want them to hit before we get started. And it would appear that they are moving in that direction...So I'm excited about where we are...And I really think that we're in really good shape right now...
Walkingstick [Iraqi Bank Friend called #1 Update - He owns 7 banks, 2 in Jordan] About two weeks ago we told you IOO the banks of Iraq were going to be receiving sample sheets/specimens. They were very very precise pictures of the lower notes. It turns out #1 has them...They started to practice and use them but they needed more help so they requested. You will see this request on the CBI website probably within this week where they are requesting help with the security features in the small notes that they are practicing counting, sorting and training right now...The new software will be with them and the banks within this week.
This Would Wipe Out 1/2 Of Banks' Equity | Alasdair Macleod
Liberty and Finance: 3—6-2024
Central bank and Eastern buying of gold have pushed prices to all-time highs. Gold prices above $2100 signal a loss of confidence in the Dollar. “It’s not so much gold rising,” says Alasdair Macleod, “It’s the Dollar going down.”
He also sees trouble brewing in the banking system as commercial real estate (CRE) is likely to crash. If CRE collapses in value, that will wipe out a significant portion of equity in the banking system.
INTERVIEW TIMELINE:
0:00 Intro
1:44 Gold breakout
9:00 Bitcoin & tech
13:37 Debt & GDP
20:08 Metals manipulation
21:30 Gold vs silver
23:36 Mining stocks
25:36 Credit and debt
28:10 Private vaults
Economist's "News and Views" Wednesday 3-6-2024
Nigerians Reject CBDC: Can The Central Banks’ Enter Through a Another Door?
Lynette Zang: 3-6-2024
In this video, Lynette Zang delves into the dynamics of transitioning monetary systems, drawing insights from Nigeria's economic landscape. She scrutinizes the failures of conventional approaches to combat inflation and restore trust in currencies.
With a keen focus on the rise of digital currencies and stablecoins, Lynette advocates for prioritizing tangible assets like gold and silver for wealth preservation.
Nigerians Reject CBDC: Can The Central Banks’ Enter Through a Another Door?
Lynette Zang: 3-6-2024
In this video, Lynette Zang delves into the dynamics of transitioning monetary systems, drawing insights from Nigeria's economic landscape. She scrutinizes the failures of conventional approaches to combat inflation and restore trust in currencies.
With a keen focus on the rise of digital currencies and stablecoins, Lynette advocates for prioritizing tangible assets like gold and silver for wealth preservation.
The Greater the Boom, the Greater the Bust: Market Meltdown Inevitable
Commodity Culture: 3-6-2024
Harry Dent believes the dot com crash and the Great Financial Crisis were just a warmup for what is coming in the market, and he thinks that when reality finally hits, the level of wealth destruction will be monstrous.
Harry discusses how your average retail investor can find shelter from the storm, how he views the future of gold and silver, the growing move away from the U.S. dollar, and much more.
00:00 Introduction
01:23 Can We Have a Recession AND a Bull Market?
11:18 Strategy for Retail Investors
15:33 Silver and Gold Outlook
21:22 Emerging Markets
24:44 Japanese Economy and Stock Market
27:39 Paying Attention to Cycles
31:24 Move Away From US Dollar
36:02 Could Gold Return as Money?
37:37 A Bitcoin Standard
The Bank Crisis Begins In One Week…
Atlantis Report: 3-6-2024
The average American is often oblivious of things to come in the financial sphere until they’re right there knocking at the door. But you can’t afford to be caught unawares this time– the Banking crisis begins in one week.
More News, Rumors and Opinions Wednesday PM 3-6-2024
TNT:
Tishwash: why is he meeting with Bush? hmmmmm
The Prime Minister of the Kurdistan Regional Government meets former US President George Bush
As part of his visit to the United States, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met on Tuesday, March 5, 2024, with former US President George W. Bush.
During the meeting, the Prime Minister expressed his thanks and appreciation to President Bush for his support for the people of the Kurdistan Region and Iraq, as well as the liberation of Iraq from the dictatorial regime, and his support for the democratic system in the country.
For his part, President Bush sent his special greetings to President Barzani, and also expressed his wishes for contentment and prosperity to the people of Kurdistan and all the citizens of Iraq. link
TNT:
Tishwash: why is he meeting with Bush? hmmmmm
The Prime Minister of the Kurdistan Regional Government meets former US President George Bush
As part of his visit to the United States, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met on Tuesday, March 5, 2024, with former US President George W. Bush.
During the meeting, the Prime Minister expressed his thanks and appreciation to President Bush for his support for the people of the Kurdistan Region and Iraq, as well as the liberation of Iraq from the dictatorial regime, and his support for the democratic system in the country.
For his part, President Bush sent his special greetings to President Barzani, and also expressed his wishes for contentment and prosperity to the people of Kurdistan and all the citizens of Iraq. link
CandyKisses: As Ramadan approaches. Interior Ministry monitors prices and threatens "traders' greed"
Baghdad Today - Baghdad
Today, Wednesday (March 6, 2024), the Ministry of Interior confirmed the continuation of the campaign to monitor local markets in Baghdad and the rest of the provinces, to prevent price manipulation as the blessed month of Ramadan approaches.
The Ministry's spokesman, Brigadier General Miqdad al-Musawi, told Baghdad Today that "the competent forces in the Ministry of Interior from the Economic Security, in coordination with the control teams in the Ministry of Trade, are continuing a campaign to monitor all local markets for the purpose of controlling prices and preventing any manipulation of those prices."
Al-Musawi pointed out that "the monitoring and follow-up campaign is continuing in all markets in Baghdad and the provinces, and the maximum penalties will be taken against anyone who wants to manipulate prices during these days and during the blessed month of Ramadan, And the campaign is continuing to prevent greedy people from exploiting citizens."
Observers believe that the greed of traders and price manipulation is "protected" by "influential parties", with no use to control, which are the same parties that control the black dollar market, which exploit the seasons to raise prices and monopolize their import and distribution.
************
Tishwash: Al-Sudani's advisor reveals the main reason for implementing the "Asycoda" system in Iraq
The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Wednesday, the main reason for implementing the “ASYCUDA” system in Iraq.
Saleh said {to Al-Furat News}, that: “The border crossings in our country have adopted a digital audit and detection system, in addition to the adoption of customs points to completely cover the country’s annual imports with these digital systems and procedures, including the adoption of the global “Asycoda” system, which is currently applied to more than a hundred customs fences around the world. ".
He added, "Its importance comes from controlling the country's air, land, and sea ports (border and customs), to which imports of various goods and merchandise flow, whose annual value amounts to nearly 60 billion dollars on average."
Saleh added, "It is dominated by imports from the private or private sector, at a rate of more than 65%." link
**************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Colorado Bank Story] I called my bank [Well Fargo] and had a conversation with someone over the phone and they treated me like I just came out of a cave - 'No. There's no way. No we don't handle [dinar].' All that negative talk that everybody's getting. Then today I asked to speak to the bank manager for other purposes but while I have you on the phone, lets [try again]. He [says] yes I'm very aware.
Militia Man Article quote: "Accession [Into WTO] is imminent"...What are they waiting for? ...Iraq's going to have to make a decision on their real effective exchange rate. That's my view...You can't have Iraq having imminent accession to the international markets through the World Trade Organization without having a Real Effective Exchange Rate. Most of us believe 1310 is not a real effective exchange rate.
LIVE! Empowering The FED. MUST End! Or WE ARE ALL DONE. BUT NO ONE HAS THE GUTS TO DO IT.
Greg Mannarino: 3-6-2024
Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24
Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24
Good evening Dinar Recaps,
Today, the Global Markets Advisory Committee Meeting subcommittee of the CFTC is meeting to make 3 recommendations for the markets going forward:
* The first-ever digital asset taxonomy. It is designed to promote regulatory clarity and international alignment.
* Basel 3 end game proposal.
* Transition to T+1 securities settlement and Treasury ETFs.
The role of this committee is to take a look at the legislative process and make recommendations for a bill to move it forward in Congress. Although committees only have the authority to advise, their recommendations go a long way in determining the contents of what goes on a legislative bill.
These three proposals are already in process. This committee is designed to focus attention on the details of what has already been introduced to Congress. These recommendations will provide more clarity for Congress to understand and work with current legislative bills already on the table.
The Financial Stability Board will be present at this meeting along with other prominent Global Financial Advisors. A vote will be taken today to move these legislative bills forward. CFTC
© Goldilocks
~~~~~~~~~~
Goldilocks' Comments and Global Economic News Wednesday Evening 3-6-24
Good evening Dinar Recaps,
Today, the Global Markets Advisory Committee Meeting subcommittee of the CFTC is meeting to make 3 recommendations for the markets going forward:
* The first-ever digital asset taxonomy. It is designed to promote regulatory clarity and international alignment.
* Basel 3 end game proposal.
* Transition to T+1 securities settlement and Treasury ETFs.
The role of this committee is to take a look at the legislative process and make recommendations for a bill to move it forward in Congress. Although committees only have the authority to advise, their recommendations go a long way in determining the contents of what goes on a legislative bill.
These three proposals are already in process. This committee is designed to focus attention on the details of what has already been introduced to Congress. These recommendations will provide more clarity for Congress to understand and work with current legislative bills already on the table.
The Financial Stability Board will be present at this meeting along with other prominent Global Financial Advisors. A vote will be taken today to move these legislative bills forward. CFTC
© Goldilocks
~~~~~~~~~~
Take a look at the top listing on Citibank bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.
Scroll all the way to the far right of the dinar listing at Citibank, and you will find that one US dollar still buys 1,300 dinar.
You might want to save this page to look at currency rates inside Iraq along with cbi.iq. Credit Bank of Iraq
© Goldilocks
~~~~~~~~~~
Gold prices hit a record high. There’s a gold rush on Wall Street | CNN Business
~~~~~~~~~~
In simple terms, a unit of account is defined as a standard unit of measurement of market/economic value for an asset, goods, services, and other transactions. https://3commas.io/blog/unit-of-account
~~~~~~~~~~
Our Global Economy is in process of redefining and recalculating currency values. Specifically, we are undergoing pilot programs to determine regulations on the use and the amount needed to level the playing field in trade among countries.
These are measured in units of account in the banking world. Each unit of account currently has a digital value and a commodity value inside what we are currently calling a tokenized asset going forward.
These new pending prices are what many are calling a Global Currency Reset. This is why new laws have been coming into effect on our new digital economy the last two and almost a half years to solidify real values going forward.
Real values are necessary for the new Quantum Financial System to calculate with precision and speeds we have never seen before in history, and not, artificial values controlled and determined by a single country.
This is the year to determine these new values going forward that will affect our Global Economy for generations to come. Finance Magnates
© Goldilocks
~~~~~~~~~~
The Stellar Development Foundation (SDF) recently submitted a letter in response to a Request for Information on Financial Inclusion (RFI) issued by the U.S. Department of the Treasury (Treasury).
This response blends our work on financial access with our continued efforts to advocate for open systems. By combining these two focus areas, SDF aims to inform Treasury’s development of a national strategy for financial inclusion from a technological perspective – emphasizing that tools to further financial access and inclusion can benefit from open-source and transparent technology.
In our response, we address two key points: the importance of access when defining financial inclusion and how to leverage technology to advance financial inclusion efforts.
SDF defines access as a core tenet for the advancement of financial inclusion. Access to formal financial systems, such as bank accounts, is crucial for individuals, households, and small businesses to participate in the increasingly digital economy and unlock advanced services like savings and lending.
We propose that consumers should have access to free or low-cost products that support everyday financial transactions in today’s cashless economy. Services that leverage digital wallets and blockchain technology can address traditional barriers like minimum account balances and account fees that preclude participation in the formal economy.
As a public and freely accessible blockchain, the Stellar network provides a rich environment and set of technical tools for such everyday financial services. Stellar
👆 The Stellar Development Foundation is a Committee member of the Global Markets Advisory Committee Meeting subcommittee.
~~~~~~~~~~
A China-Russia geopolitical alignment was long the Kremlin’s dream
The war in Ukraine has brought the two autocratic powers much closer
The axis is emerging just as the West is preoccupied with domestic issues GIS Reports Online
~~~~~~~~~~
The United Arab Emirates demonstrated its commitment to financial sector innovation last week when it undertook the first cross-border transfer of its central bank digital currency (CBDC), the digital dirham.
On January 29, the chairman of the UAE Central Bank sent 50 million digital dirhams - the equivalent of approximately $13 million - from the UAE to China over mBridge, a platform that allows countries and financial institutions to experiment with using CBDCs for cross-border wholesale payments.
The transfer forms part of the UAE’s efforts on developing a CBDC that can drive the the country’s digital transformation, and is the first in a series of pilot programs the UAE intends to run with CBDCs, with future projects to focus on establishing CBDC bridges with India, and a proof of concept for a CBDCs use in domestic retail and wholesale payments. Jointly these efforts comprise part of the UAE’s CBDC Strategy, which the Central Bank announced in March 2023. Elliptic
~~~~~~~~~~
Fast payments have achieved mass adoption in some jurisdictions but not in others – with adoption likely depending on the design characteristics of different fast payment systems (FPS).
Adoption of fast payments tends to be more widespread when the central bank owns the FPS, when non-banks participate and when the number of use cases and cross-border connections is greater.
These insights can help inform the design and development of FPS and other payment infrastructures.
YouTube
~~~~~~~~~~
Digital Ruble Announcement:
At a meeting of the Association of Banks of Russia, both the central bank governor and deputy governor gave an update on the digital ruble. Trials for the central bank digital currency (CBDC) started in August last year after the passage of legislation. It started with a dozen banks, 600 end users and 30 merchants across 11 cities. The plan is to begin to roll out the CBDC next year.Ledger Insights
~~~~~~~~~~
Nikki Haley gives speech addressing her future in 2024 presidential race – watch live
👆 This speech will give you insight into what is about to happen the rest of this year. It is a short speech. Please listen carefully.
She talks about the transition of our economy in October, Term limits for politicians, a smaller Government, and more...
~~~~~~~~~~
Take a look at the top listing on Citibank bank rate inside Iraq. It is important to note that the US dollar conversion rate still remains the same, but it is listed as a currency that can be exchanged with the dinar.
Scroll all the way to the far right of the dinar listing at Citibank, and you will find that one US dollar still buys 1,300 dinar. Credit Bank of Iraq
© Goldilocks
👆 You might want to save this page to look at currency rates inside Iraq along with CBI.iq.
~~~~~~~~~~
What have we learned the last few days about the Iraqi Dinar?
Yes, a rate has been on the back screen for years, but it is not tradable until it goes to the front screen for you and me.
~~~~~~~~~~
In simple terms, a unit of account is defined as a standard unit of measurement of market/economic value for an asset, goods, services, and other transactions.
https://3commas.io/blog/unit-of-account
~~~~~~~~~~
In the future, you will hold "units of account" for the currencies you hold or one single currency. Each of these units of account (currency) will be instilled with values that come from a digital asset.
Are you beginning to see how power will be given back to the people? You will literally be holding a real asset in your hand(s) going forward. You will own gold, and gold belongs to the people.
All roads lead to gold, and gold will set us free.
© Goldilocks
~~~~~~~~~~
UK regulations will allow stablecoins and CBDCs to coexist, says former BoE fintech lead
United Kingdom policymakers are adopting a coordinated approach to establish regulations allowing cryptocurrencies, stablecoins and CBDCs to coexist. CoinTelegraph
~~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks Forum
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
BRICS to develop blockchain-based payment system to aid in de-dollarization
BRICS to develop blockchain-based payment system to aid in de-dollarization
By Jordan Finneseth Published: Mar 05, 2024 – 12:32 PM
The rising strength of the BRICS group is emerging as a serious threat to the established world order – with countries like Saudi Arabia joining the alliance in a blow to the standing of the petrodollar – and now the group is exploring the creation of their own currency using blockchain technology.
According to a report from Russian news agency TAAS, BRICS is working to create an independent payment system based on digital currencies and blockchain, a plan that Kremlin aide Yury Ushakov called a “Contingent Reserve Arrangement.”
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain,” Ushakov said.
BRICS to develop blockchain-based payment system to aid in de-dollarization
By Jordan Finneseth Published: Mar 05, 2024 – 12:32 PM
The rising strength of the BRICS group is emerging as a serious threat to the established world order – with countries like Saudi Arabia joining the alliance in a blow to the standing of the petrodollar – and now the group is exploring the creation of their own currency using blockchain technology.
According to a report from Russian news agency TAAS, BRICS is working to create an independent payment system based on digital currencies and blockchain, a plan that Kremlin aide Yury Ushakov called a “Contingent Reserve Arrangement.”
“We believe that creating an independent BRICS payment system is an important goal for the future, which would be based on state-of-the-art tools such as digital technologies and blockchain,” Ushakov said.
“The main thing is to make sure it is convenient for governments, common people, and businesses, as well as cost-effective and free of politics.”
Ushakov said the primary goal of the work being done in 2024 is to increase the role of BRICS in the international monetary and financial system. This includes a move away from a reliance on the U.S. dollar in settlements and is part of a larger de-dollarization movement taking hold around the globe.
He noted that in the 2023 Johannesburg Declaration, the leaders determined that BRICS countries needed to increase settlements in national currencies and strengthen their correspondent banking networks to secure international transactions.
“Work will continue to develop the Contingent Reserve Arrangement, primarily regarding the use of currencies different from the US dollar,” Ushakov said.
On Feb. 28, TASS reported that Russia’s Finance Ministry, the Bank of Russia, and several BRICS partners were working to create the BRICS Bridge multisided payment platform as part of their efforts to improve the global monetary system.
“By the end of the year, the Russian Finance Ministry and the Bank of Russia together with partners within the [BRICS] association will draft a report for the leaders of the BRICS countries on improving the international monetary and financial system, which will contain a set of initiatives and recommendations,” the Finance Ministry said. “Developmental work based on the report will result in a number of practical initiatives, with the BRICS Bridge platform potentially becoming one of them.”
“The issue is about creating a multisided digital payment platform,” they added. “It will help bring the financial markets of the BRICS member states closer and increase mutual trade turnover.”
“The gradual integration of the new BRICS member states into the work of the financial tracks and strengthening of cooperation at the expert level was noted as being one of the crucial tasks for 2024,” the ministry said.
Source: Kitco
"Tidbits From TNT" Wednesday 3-6-2024
TNT:
Tishwash: During 2023.. 7 Iraqi banks break the barrier of 1 trillion dinars in the amount of their deposits
Five Iraqi banks were able to exceed the barrier of one trillion dinars in the size of their deposits in 2023, while only two Iraqi banks were able to break the barrier of 2 trillion Iraqi dinars in the size of customer deposits with the two banks.
The economist, Manar Al-Obaidi, said, “The International Development Bank and the National Bank of Iraq were able to break the barrier of 2 trillion dinars in deposits in 2023.”
As for the five banks, they are the International Development Bank, the National Bank of Iraq, the Bank of Baghdad, the Iraqi Islamic Bank, and the Islamic South Bank, according to the economic expert.
Headded, "The deposits of the five banks grew by 11.3% compared to theyear 2022, bringing the total bank deposits to 9.25 trillion Iraqidinars."
TNT:
Tishwash: During 2023.. 7 Iraqi banks break the barrier of 1 trillion dinars in the amount of their deposits
Five Iraqi banks were able to exceed the barrier of one trillion dinars in the size of their deposits in 2023, while only two Iraqi banks were able to break the barrier of 2 trillion Iraqi dinars in the size of customer deposits with the two banks.
The economist, Manar Al-Obaidi, said, “The International Development Bank and the National Bank of Iraq were able to break the barrier of 2 trillion dinars in deposits in 2023.”
As for the five banks, they are the International Development Bank, the National Bank of Iraq, the Bank of Baghdad, the Iraqi Islamic Bank, and the Islamic South Bank, according to the economic expert.
Headded, "The deposits of the five banks grew by 11.3% compared to theyear 2022, bringing the total bank deposits to 9.25 trillion Iraqi dinars."
He pointed out, "Al-Janoob Islamic Bank achieved the highest percentage of growth in deposits at a rate of more than 147%, then the National Bank of Iraq, whose deposits grew in value by 90%."
Al-Obaidi stressed, “This growth reflects an increase in public confidence in Iraqi private banks and the ability of private sector banks to acquire part of the monetary mass issued outside the banking system, as it is noted that the volume of deposits for the five banks in 2019 did not exceed the barrier of 1.8 trillion Iraqi dinars, reaching today.” To more than 9.25 trillion dinars.
He continued: "It is expected that the five Iraqi banks will continue their control of the local market and the ability to attract deposits, whether from outside the banking system or from public sector deposits, as a result of the increased confidence in these banks and their spread in various governorates, in addition to the increase in the great competition between these banks in order to acquire the largest... Amount of deposit.
He pointed out, "The increase in the volume of deposits in the private banking sector will contribute to strengthening the wheel of economic growth by directing these banks to invest deposit funds in beneficial economic projects through which they can achieve profits to cover the interest paid on these deposits."
Al-Obaidi stated, “The total value of deposits in the private and public banking sector amounted to more than 133 trillion dinars at the end of 2023, and these five banks were able to acquire 7% of the total of these deposits, and the largest value of the deposits is still present in government banks link
**************
Tishwash: Governmental weevils” are a direct threat to the state: extreme wealth exposes advocates of reform
As the voices of some politicians and elites rose on the issue of reforms and directed harsh criticism at state institutions regarding the provision of services to poor citizens in order to live a decent life, they soon began to decline again, during a period in which the citizen was still suffering from the repercussions of the depletion of the country’s wealth and the chaos of laws and procedures amidst a state of extreme poverty and poor health conditions. Services, where popular voices rise to combat what some call “government weevils.”
Hope portal
Abdullah Al-Tamimi, a retired government employee, pointed out in an interview with “Baghdad Al-Youm” that “Prime Minister Muhammad Shia’ Al-Sudani’s steps in managing the state are good and have given a glimmer of hope that we will finally have a government that is aware of its duties and is not hostage to the adventures and agenda of parties and quotas.”
He added, “The crisis of the dollar, housing, water, and unemployment is the real danger in Iraq currently, and the government has put in place plans that, if implemented, will create a gateway of hope to get out of the impasse, but there are parties that do not want the matter to proceed and a strong government to be formed in Baghdad, so it is pushing to create any crises and obstruct the state’s laws, especially in Economic file.
Whales of corruption... who are they?
As for the independent politician Sadiq Ali, he believes that “some reform advocates are basically practicing a hidden role in blackmailing state institutions, and the evidence is their obscene wealth and their silence after they have achieved a specific trend after every period,” pointing out that “the application of the Where did you get this law? is what gives sufficient answers to the question.” Knowing the good from the bad.”
Ali added in an interview exclusively with “Baghdad Today” that “there are representatives accused of corruption and have cases against them who criticize the Sudanese government, and this matter raises many question marks,” wondering what is the reason for the wealth of some of them, they and their relatives? ".
He continues by saying, "Corruption is an octopus in state institutions and the Sudanese government cannot proceed with any reforms without real blows to the whales of corruption, some of whom are protected by political immunity that recognizes that they are corrupt, but at the same time they are banks that finance campaigns during election seasons."
The body of the state is dilapidated
For his part, the head of the Diyala Chambers of Commerce, Muhammad Al-Tamimi, admitted in an interview with “Baghdad Al-Youm” that “Iraq’s main problem is the penetration of the whales of corruption into all its institutions, which is more like a mite that has been eating away at the body of the state for many years, but it has become stronger in light of the marriage of money and politics.”
He added, "Corruption is much more dangerous than terrorism and is a direct cause of the suffering of 40 million Iraqis because any government measure for correction faces obstacles within government institutions because the arms of corruption are large."
He concluded by saying: How can any government employee have huge wealth and not be asked about its source?
Unannounced investigations
Earlier, a parliamentary source revealed the existence of unannounced investigations into the wealth of nine Iraqi officials in several governorates.
The source said in an interview with "Baghdad Today", "A lot of evidence was presented by representatives and figures about the file of the extreme wealth of some officials in Baghdad and the provinces, amid questions about the source of that money, especially since they are government employees."
The source, who preferred not to reveal his name, added, “Indeed, there are investigations currently underway into the file of 9 officials,” pointing out that “extreme wealth is a source of real concern that has prompted regulatory authorities to open important files in the past months in order to clarify the sources of that money, which some have tried to do.” It involves purchasing real estate and land.
He pointed out that "2024 will witness a qualitative shift in the fight against corruption, especially in the suspicious wealth of some," expecting "important decisions to be issued in the coming weeks." link
************
CandyKisses: The "black dollar" is protected by influential political parties that obstruct economic reforms
Baghdad today - Baghdad
Economic expert Ahmed Al-Tamimi confirmed today, Wednesday (March 6, 2024), that the dollar crisis in Iraq is behind corruption mafias, with political protection from some influential people and entities that are trying to obstruct economic reforms.
Al-Tamimi told "Baghdad Today", "The politically protected corruption mafias were the primary beneficiaries of the dollar crisis and they worked to exacerbate this crisis for their own interests and gains. They are also currently working to obstruct any government reforms in the financial and economic sector."
He added, "These mafias have political protection from some influential people and parties, and these parties work politically to create problems so that any government efforts that want reform fail. This is why we see that the dollar crisis is still continuing and ongoing despite all government steps. The parallel market is still witnessing a significant increase." at the official price.
Exchange rates have not stabilized for nearly two years, despite many measures taken by the government to try to control it, all of which failed, due to the existence of political "protection" for the black dollar, according to observers.
A member of the Parliamentary Finance Committee, Mudar Al-Karawi, confirmed on Tuesday (March 5, 2024) that the government has achieved good success in containing Iraq's most dangerous economic files, represented in depreciating the value of the dollar prices and limiting its rise again.
Al-Karawi told Baghdad Today that "the dollar in the parallel markets has been a source of wealth for some for years and a drain on the country's resources in various ways, especially with smuggling in a way that threatens Baghdad's economy and pushes the dinar to frequent collapse, which puts pressure on the markets and plunges the country into the maze of sanctions."
He added, "The government's measures have achieved a glimmer of hope in confronting and the most dangerous economic files by reducing the value of the dollar and stopping its rise, even if in limited proportions, but it gave strength to the dinar and dealt with a good percentage of the smuggling file and seeking to end the dollarization of the file in the markets and move to electronic payment."
Al-Karawi pointed out that "all government measures face obstacles and in different ways because the dollar was and is still the resource of the deep state and some corrupt people and those who lived on crises in increasing their wealth in different ways," pointing out that "strengthening the strength of the dinar and filling smuggling gaps will hit the interests of many at home and abroad, and thus many parties will move to sabotage the joy of citizens in the presence of correct economic paths that contribute to saving the economy and pushing it to recover after lean years."
"The government's measures are moving in the right direction despite the side pressures, but they give stimulus to achieve economic growth and ensure that the file of smuggling, corruption and the depletion of hard currency are addressed in various ways," he said.
Last Sunday (March 3, 2024), Prime Minister Mohamed Shia al-Sudani stressed that depreciating the exchange rate means giving the dollar to "illegal" trade.
Al-Sudani said during his participation in the opening of the activities of the Rafidain Forum for Dialogue in Baghdad, that "the financial situation in Iraq is at its best and the collection of commercial transactions is through commercial institutions."
"We give the student, the patient, the trader, the contractor and the investor the dollar at the official rate," he said, pointing out that "the notes recorded on Iraqi banks from the US Treasury are at the time of previous governments." "
He pointed out that "economic reform was one of the most important priorities of the government program," noting that "the salaries of employees and retirees constitute the largest monetary mass in the fiscal budget."
It is noteworthy that Iraq relies on the platform of selling currency directly to local banks and companies, which was previously known as the daily dollar auction, as one of the mechanisms to preserve the value of the Iraqi dinar, and to fight speculation in the parallel. market.
The Governor of the Central Bank of Iraq Ali Al-Alaq on February 6 that "some groups are trying to stay away from the platform for selling foreign currency to evade tax or customs or the existence of illegal trade," pointing to "the possibility of meeting all requests for the dollar," adding that "the bank has no problem in the supply or sale of dollars."
"The bank is in a comfortable position to respond to requests to buy dollars, and we have sufficient reserves and soon we will launch a mechanism that ensures that only the real traveler receives the dollar," he said.
Mot: and Yet another Awesome Govt Study - only Costing $22.5 million or so
Mot: . Ooooooh Noooooooooo!!!
News, Rumors and Opinions Wednesday AM 3-6-2024
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.
Restored Republic via a GCR: Update as of Wed. 6 March 2024
Compiled Wed. 6 March 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 4 March Frank26: “The IQD is going through a phase where it’s being traded internationally on the Forex private side, live. In Jan it was trading at $2.60, last month $2.63 or so, Sunday $2.70, this morning $2.79 and 2pm today $2.84 and just before he got on it was at $2.87. This is a trend that’s going through the reinstatement phase to get to $3.22 (for an expected International Rate).”
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.
Restored Republic via a GCR: Update as of Wed. 6 March 2024
Compiled Wed. 6 March 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 4 March Frank26: “The IQD is going through a phase where it’s being traded internationally on the Forex private side, live. In Jan it was trading at $2.60, last month $2.63 or so, Sunday $2.70, this morning $2.79 and 2pm today $2.84 and just before he got on it was at $2.87. This is a trend that’s going through the reinstatement phase to get to $3.22 (for an expected International Rate).”
Tues. 5 March MarkZ: “I have a lot of sources expecting it to break loose in the next days. I would not be surprised to see it before we reach the weekend. …Official rate still stays at 1310. Doesn’t matter what the Forex says if you can’t go to a free float. …Bond folks are still expecting to soon receive 1% of their money. Last time I checked early this morning the Dinar was about $2.80. You cannot exchange at that yet but it does show things are changing and something is cooking.”
Tues. 5 March Wolverine: “It’s coming. It’s green all over.”
Tues. 5 March “All banks are transitioning over into the QFS. Eight billion people will inevitably transition to the QFS. Start getting hold of the ISO 20023 XLM and XRP. In an age of unparalleled technological advancements, we stand at the precipice of a revolution so profound, it’s poised to reshape our financial, military, and electoral systems. The dawn of the Quantum Financial System (QFS) is upon us, and a new world order awaits. Our world, home to a staggering 8 billion souls, finds itself at the crossroads of a digital renaissance. This isn’t just any change; it’s a quantum shift. And guess what? Every single person will be a part of it. …David Lester Straight, https://www.facebook.com/david.lester.straight.18059
~~~~~~~~~~
Tues. 5 March Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:
In a mini sting operation last Wed. bankers were told no early exchanges – some banks jumped the line and some of the banks that needed to be cleaned up were taken care of – so now where do we stand now as to our start.
We got an email about 3pm today Tues. 5 March saying we were within 24 hours of being notified and getting our notifications and setting our appointment. We had this confirmed from two different RC’s.
We know the Iraqi Dinar has been trading up on the screen and they are still blinking and moving upwards, but not stable – so what are we waiting on – I think they just want the currencies to hit the values they want to start and we will be rewarded for our patience and especially if you use the RC and we should if this holds true we’ll get our notifications tomorrow Wed. 6 March.
When it comes to R&R allowances that is supposed to kick in when the USTN is released between 14 -16 March.
They are able to set those appointments 20 – 25 days into the future.
WF is the Lead bank and HSBC are handling everything globally and Chase are going to have 15 banks in Iraq by the end of this week. Banco Santandar will be the bank in South America.
~~~~~~~~~~
Global Financial Crisis:
Tues. 5 March: $715,000,000 liquidated from the Crypto Currency market in the past 24 hours. https://www.theblock.co/post/266265/nearly-100-million-in-bitcoin-shorts-liquidated-on-centralized-exchanges-in-24-hours
Tues. 5 March: Congress debates spending bill to avoid government shutdown this Fri. 8 March: https://justthenews.com/government/congress/congress-debates-spending-bill-avoid-government-shutdown-same-week-bid
JFK issued currency that bypassed the privately owned Federal Reserve — and he paid for it with his life.
Bank of America: $1 trillion every 100 Days added to the Nation’s Debt: https://www.forbes.com/sites/digital-assets/2024/03/02/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/
Read full post here: https://dinarchronicles.com/2024/03/06/restored-republic-via-a-gcr-update-as-of-march-6-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article quote: "Does deleting the currency’s zeros affect its value?...” I called my CBI contact...and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW! Then...out pops this article, then another and...yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so...It is now on the radar scope for the CBI for the very near future? [Post 1 of 2....stay tuned]
Mnt Goat remember...the difference between RATE and VALUE...the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate...Economic expert, Durgham Muhammad, said to the citizens and I quote – “that deleting the currency’s zeros does not conflict with its value”...Okay, so...we all know the rate is being artificially suppressed ...Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency. [post 2 of 2]
BREAKING: BRICS New BLOCKCHAIN & Digital System Will Revolutionize the World
Lena Petrova: 3-6-2024
More News, Rumors and Opinions Tuesday PM 3-5-2024
TNT:
CandyKisses: Joint with Iraq. Iran looks to create trade zone for access to the Mediterranean Sea
Haidar Hisham
The Secretary of the Supreme Council of Iran's Supreme Council of Commercial, Industrial and Special Economic Free Zones revealed that he negotiated with 21 countries to establish a joint free zone and reach a conclusion with five countries, including Syria and Iraq.
According to the official IRNA news agency, Hojatullah Abdul Maliki confirmed that Iran seeks to establish a joint free zone with other countries, but also seeks to establish a tripartite joint free zone by negotiating with Iraq and Syria.
He stressed: Through the establishment of a tripartite free zone between Iran, Syria and Iraq, we will witness a great investment leap as we follow this issue.
TNT:
CandyKisses: Joint with Iraq. Iran looks to create trade zone for access to the Mediterranean Sea
Haidar Hisham
The Secretary of the Supreme Council of Iran's Supreme Council of Commercial, Industrial and Special Economic Free Zones revealed that he negotiated with 21 countries to establish a joint free zone and reach a conclusion with five countries, including Syria and Iraq.
According to the official IRNA news agency, Hojatullah Abdul Maliki confirmed that Iran seeks to establish a joint free zone with other countries, but also seeks to establish a tripartite joint free zone by negotiating with Iraq and Syria.
He stressed: Through the establishment of a tripartite free zone between Iran, Syria and Iraq, we will witness a great investment leap as we follow this issue.
Abdul Malki pointed out that Iran is currently negotiating with 21 countries to establish a joint free zone, saying: "We have so far reached the stage of signing a document with five countries, which is either in the form of a memorandum of understanding or including the text of the approvals of the Joint Commission."
He added: "We have spoken with Iraq and Syria for the establishment of a joint free zone, and the negotiating parties have expressed their agreement in this regard, and we are waiting for a tripartite meeting.
The secretary of the Supreme Council of Iran's Supreme Council of Trade, Industrial Free and Special Economic Zones added: "The area being considered for this purpose is one of the last parts that got rid of ISIS, but now security has been established and transit is taking place smoothly.
The establishment of a common free zone would benefit the three countries and make Iran's access to the Mediterranean very easy.
************
CandyKissses: Economists urge expanded partnership with Europe
Economy News _ Baghdad
Specialists in economic and financial affairs called for expanding the country's openness to investments with the European side, especially after the exit of European companies from long-term Russian agreements, indicating that the Prime Minister's recent visit to the Netherlands represents a gateway to this openness.
Economist Dr. Mustafa Hantoush said in an interview with "Al-Sabah" followed by "Economy News", that there is a real opportunity for Iraq to partner with Europe, especially since the latter had long partnerships with Russia and Ukraine in the field of energy.
He pointed out that Europe is currently isolated due to recent events, noting that it is possible to exploit this partnership as an oil country and cooperate with European companies, especially as they are looking for countries to market their products, including animal products and seeds.
Hantoush pointed out that most countries in Europe are looking for partnerships to market their products, especially with oil countries, and Iraq is one of those countries, as it has huge oil wealth, and the country needs their expertise in the field of livestock and seeds.
For his part, economist Safwan Qusai said that the recent visit of Prime Minister Mohammed Shia al-Sudani to the Netherlands is key to convincing the European investor to partner with Iraq.
He added that the country needs investments from the European side and the exploitation of the Dutch port of Rotten-Dan, which is the largest port in Western Europe and is the gateway to the production of Germany, Britain, Paris and Belgium, and that about 500 million tons of goods are entered through this port annually.
He pointed out that linking the port of Faw with the port of Rotten Down through Turkey, which is a strategic partner for the transport of goods, goods and people, and that the Netherlands for Iraq will be the communication station, and that the European Union has begun looking for the import of alternative goods for gas and oil.
He pointed out that the presence of the Sudanese in the Netherlands is the key to convince the European investor to partner through the giant British insurance companies, pointing to the possibility of transferring part of the German and Italian production lines into Iraq as we have the production capacity.
For his part, Imad al-Fatlawi, who is interested in economic affairs, said that the state's recent directions to develop a roadmap to activate cooperation with the European side represent an important step on the road to economic integration, pointing out that there are intensive efforts to solve problems and challenges in this aspect, especially in the field of construction, industry and even in the aspect of agriculture and livestock.
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They're going to have a very strong country...Iraq's foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons. You can see the direction they're going and why they're getting praises...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend...in his opinion a new rate that will float. We're going to have gateway from Iraq to European side in trading. It will be amazing...The deletion of the zeros is near...Four different experts of the economy being sent to us by the CBI saying what is needed to be done with the zeros. It's no secret. FRANK: He's 100% correct. I keep telling you it's here.
A SUPER-MELTDOWN WILL OCCUR IN THE DEBT MARKET...AND IT CANNOT BE STOPPED.
Greg Mannarino: 3-5-2024
Andy Schectman: Gold Rallies Again After Clearing $2,100 Level
Arcadia Economics: 3-5-2024
The gold price has continued its rally again today, trading as high as $2,150 during the morning session. And as Andy Schectman of Miles Franklin notes in today's call, this is happening at the same time that interest rates are still elevated.
So in today's show, he talks about the $100 move we've just witnessed in the past 3 days, the reaction in the silver price, and how the physical premiums have responded to the move. To find out more, click to watch the video now!