Uranium Hasn’t Been This Critical Since The Days Of Oppenheimer

Uranium Hasn’t Been This Critical Since The Days Of Oppenheimer

Notes From the Field By Simon Black – James Hickman 3-12-24

If you saw Christopher Nolan’s blockbuster Oppenheimer, you might remember the scene in which Dr. Oppenheimer travels to Chicago to meet with physicist Enrico Fermi, who had just achieved the world’s first ever self-sustaining nuclear chain reaction.

This really happened-- it was December 2, 1942, and Enrico Fermi’s experiment was a massive scientific breakthrough.  Fermi and his team proved that a fission reaction could be controlled… and therefore the vast amount of energy inside of an atom’s nucleus could be harnessed for other purposes.

Obviously, the US government was singularly focused on turning that immense nuclear energy into the biggest bomb the world had ever seen. But Fermi’s discovery also paved the way for nuclear power.

Proponents envisioned a world powered by nuclear energy where the cost of electricity would be practically free… and the benefits to mankind incalculable.

It all came down to efficiency; the amount of nuclear power that could be generated from a single rock of uranium was equivalent to thousands of tons of coal in a conventional power plant.

The cost of electricity would plummet. And that cheap energy would mean that consumers would pay far less for utilities, saving plenty of money that could be put to other uses.

Cheap energy also means that the production costs of just about everything would fall; cars, houses, food, etc. all become cheaper.

Cheap energy also helps countries develop more rapidly and increase economic growth, resulting in greater national prosperity and more tax revenue for the government.

The promise of nuclear energy was extraordinary-- it was a win/win/win. So naturally when other nations began to develop the technology on their own, it set off an arms race to stockpile as much uranium as possible-- mostly to ensure that no one else could make weapons.

The United States government bought up entire warehouses full of it and made an exclusive deal with the Belgian Congo (which had the world’s largest uranium reserves), simply to make sure that other countries couldn’t get their hands on any nuclear fuel.

Then, over the years, the US government slowly sold down its uranium inventory, little by little.

Mining companies also added new supply to the uranium market, ensuring there was plenty of uranium to meet growing demand.

But then a series of infamous accidents took place-- Chernobyl, Three Mile Island, etc. The public freaked out, and the entire nuclear power industry nearly vanished.

Now, an objective analysis shows that, any way you slice it, far more people have died from accidents related to coal, oil, natural gas, and other forms of electricity production than have ever died from nuclear power accidents.

In fact, more people have died from accidents related to wind power than have died from nuclear.

But nuclear power still suffered a terrible blow to its reputation, and it remained that way for a very, very long time.

Power companies scrapped their plans for new nuclear power plants, and the demand for uranium collapsed, prompting many mining companies to shut down their operations.

The existing nuclear power plants that remained in business, however, continued buying uranium from the government… so those stockpiles from the 1950s continued to dwindle.

And that takes us to today: nuclear is finally making a comeback.

Unfortunately, most of the West (as usual) is missing the boat; the vast majority of new reactors will be in China, India, and other rapidly growing nations who understand that no other energy technology offers the same advantages as nuclear.

Western politicians are still stuck in their idiotic, Dark Age beliefs that wind and solar are the way to go. But these are both completely inefficient and extremely expensive technologies.

The amount of energy it takes to produce solar panels relative to the electricity that solar panels actually generate is a laughable pittance; this is known as ‘Energy Return on Energy Invested’, or EROEI… and with nuclear power, it’s off the charts.

Plus, nuclear power also has one of the lowest levels of CO2 emissions of any energy source.

 (It’s also worth noting that emerging nuclear reactor technology promises to slash costs even further and increase safety.)

This means that nuclear has the potential to provide massive economic AND environmental benefits. Virtually no other technology has that capability… which is why it’s only a matter of time before the world ‘rediscovers’ nuclear.

Again, it’s already happening in Asia. In fact, it’s possible to literally count all the planned / in-progress nuclear power plants that will be coming on line in the next few years, and then estimate the annual uranium demand.

One of the best researchers in this field, by far, is my colleague Adam Rozencwajg, who has spoken at a few of our Total Access events; Adam has gone through the trouble to count up all the new reactors and their projected uranium needs, and the answer is very clear:

Bottom line, uranium demand is set to skyrocket. Yet supply isn’t going anywhere, not for a while.

It takes many years to get a new uranium mine up and running-- sometimes even longer than it takes to build a new nuclear power plant.

So, you can see how there’s likely going to be a massive imbalance in uranium supply and demand.

I first started talking about uranium in September of 2022 when spot prices hovered around $40 per pound.

Today, uranium trades for more than $90 per pound. But I think it could go much, much higher from here.

In fact, global uranium demand already exceeds new mining production. In the past, whenever this happened, there were always vast government stockpiles to keep the power plants supplied.

But now the government stockpiles have dwindled. So, we could easily see a major uranium shortage… and prices go through the roof.

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

https://www.schiffsovereign.com/trends/uranium-hasnt-been-this-critical-since-the-days-of-oppenheimer-150247/

Economist's "News and Views" Wednesday 3-13-2024

BRICS against the US: How China Alliance formed

Fastepo:  3-14-2024

China and its allies have formed one of the most notable alliances in the last decade, marking a significant shift from their relationship 50 years ago, which was characterized by tensions rather than cooperation.

The relationship has undergone significant transformation, particularly in the context of strained ties with traditional Western powers like the United States and the European Union. This alliance, underscored by shared interests and mutual support, is reshaping the geopolitical landscape of the 21st century.

The alliance between these two nations has recently strengthened, particularly through their collaboration within the BRICS group.

 In this video, we delve into how this partnership is transforming the global order, focusing especially on the role of BRICS in these dynamics.

https://www.youtube.com/watch?v=QiD_f4pR1OY&t=60s

Will Gas Become Unaffordable By Year-End? | Paul Sankey

David Lin:  2-12-2024

Paul Sankey, President of Sankey Research, gives his outlook for the oil price in 2024 and the drivers behind the energy market today.

0:00 - Intro

1:15 - Energy market overview

5:14 - AI and energy

11:20 - Geopolitics and oil

24:35 - Oil and inflation

26:13 - Oil and corporate earnings

29:30 - Russian ban on gas

 30:44 - Exxon vs. Chevron

36:20 - Sankey Research

https://www.youtube.com/watch?v=4U4dC22hGiI

Credit Crisis Worsens As 75 Million People Stop Paying!

Atlantis Report:  3-13-2024

The U.S. economy is facing a severe credit crisis, as 75 million people have stopped paying their debts, according to a recent report by the Consumer Financial Protection Bureau.

The report reveals that millions of Americans are struggling to repay their loans, mortgages, credit cards, student loans, and other debts due to the combined effects of the pandemic, the recession, the inflation, and the reserve ratio.

 This widespread non-payment of loans, credit card balances, and other financial obligations has sent shockwaves through the banking sector, raising concerns about the solvency of lending institutions and the potential for a cascading effect on the global economy.

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

News, Rumors and Opinions Wedneaday AM 3-13-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 12 March 2024

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

US Banks No Longer Allowed to Make Loans on Fiat US Dollar
Chinese Real Estate Market Bankrupt

IS THE #FED (PERHAPS WILLINGLY) STARTING A BANKING CRISIS TODAY?, Ultra Vertum Vincent on Telegram Mon. 11 March

On Mon. 11 March the “Bank Term Funding Program,” the infamous #BTFP, will be history. There should not have been any surprise about this if it weren’t for the fact that the banking situation today is much worse than it was one year ago when the #BTFP was launched.

If you have doubts about how critical the #BTFP was to keep the whole financial system together, I suggest you read my previous analysis on the topic to help better understand what I am going to discuss next, starting from the “THE BIG BANKS ARE ALREADY UTILIZING THE FED BTFP!”

So, not only is the #FED letting the #BTFP end soon, but this is also happening without an equivalent replacement in place.

Yes, the Discount Window is available and banks should learn to use it, but what the #FED is apparently not understanding (or pretending not to) is that most of the banks cannot use it. Why?

The high-quality collateral current market value is deeply below par (while, let’s not forget, the #BTFP allowed banks to borrow against collateral pretending it was worth much more than it truly was). As a result, they would not be able to access the same amount of liquidity through the Discount Window compared to the #BTFP, leaving a gap to be filled.

Banks, in a never-ending rush to minimize their cost of capital and maximize their leverage and profits, began to aggressively re-hypothecate their (and often their clients’) assets to access liquidity after the GFC. Consequently, using the Discount Window is very capital inefficient for them.

The primordial reason why banks are so reluctant to use the #FED discount window is that everyone else in the market will know the best quality assets they hold are being pledged as collateral to the #FED, leaving all other creditors hanging on worse quality, if not radioactive ones. This is why once a bank is caught using the Discount Window, all other lenders will try to pull their liquidity from them (ultimately accelerating its downfall).

Banks will not be able to use the #BTFP anymore.

The Discount Window isn’t a viable alternative to replace the #BTFP.

Since the banking crisis last year, not a single bank raised capital, but their balance sheet losses even increased.

Banks that borrowed from the #BTFP will need to come up with $79bn to repay the #FED loans by the 4th of April.

As you can see from this table I prepared, the biggest amount of #BTFP loans are expected to be repaid in the next 4 weeks: – $11.9bn this week – $41.7bn next week – $10.7bn in 3 weeks – $14.6bn in 4 weeks.

How the hell can they do that? If it was hard to find $1bn for $NYCB to the point there wasn’t a better alternative than (locust) hedge funds, it doesn’t take a financial wizard to figure out the chances $79bn can be found in 4 weeks are realistically low.

Why can’t banks just walk away from the #BTFP? Doesn’t the #FED have collateral against the money they borrowed if they do so?

Banks cannot simply walk away and not repay money borrowed from the #BTFP because that was made in the form of a “loan” and defaulting against it will trigger all cross-default clauses in every other borrowing facility available to them.

Yes, it’s an incredible mess without any visible escape route. This is why I am arguing the #FED is potentially starting a banking crisis today and, honestly speaking, I don’t think people at the #FED aren’t intelligent enough to see it coming which makes me wonder if perhaps they are willingly starting a banking crisis this time. https://x.com/dariocpx/status/1766984960639172993?s=46

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Mon. 11 March The Death of Brick & Mortar Banks, Ariel: https://x.com/prolotario1/status/1766985129681944917?s=46

A paradigm shift is not an event its a process. Everything will eventually be online for the sake of convenience and profit. Why continue lending to institutions that people are using less and less?

Nor to mention they do not have the capital to meet consumers demands. Especially when they actually have to have physical reserves and not just numbers on the computer to lend out loans to customers that can’t afford the interest and end up owing on their mortgage.

Then if the banks have too many foreclosures on their books they end up shutting down as well. The derivative market is another layer to this that is aiding in all of these bank closures that is forecasted to be 1,300 by the end of the year.

Not to mention the bank runs alone will cause most of these institutions to fold under after March 11th. So there is a plethora of reasons why we are where we are at this crucial time in the financial sector.

Read full post here:  https://dinarchronicles.com/2024/03/12/restored-republic-via-a-gcr-update-as-of-march-12-2024/

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

Mnt Goat This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step. The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come.  ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.

Frank26   [Three corners of Arkansas, Oklahoma, Missouri  Chase Bank Story]  I just walked in.  I didn't at first tell them what was going on...I started saying I'm coming into some money, I made a couple investments that look like they're going to pay off.  He flat out asked, is this the dinar?...Yes...He stood up at that point and was like, I'll be right back.  He
goes and gets the JP Morgan guy.  FRANK:  You are blessed.  Not everyone is going to the banks with the JP Morgan reps.  If you got one of those there they'll talk to you.  If not, they'll still treat you like an idiot.

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Salah talking banks Iqd

Nader:  2-13-2024

https://www.youtube.com/watch?v=CnltKnBd2Fk

Goldilocks' Comments and Global Economic News Tuesday Evening 3-12-24

Goldilocks' Comments and Global Economic News Tuesday Evening 3-12-24

Good Evening Dinar Recaps,

"The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity."

This decision is currently shrouded in political conflict, this is seen as a move to gain popularity by many in the region of Iraq.

Although this is going to be a reality due to many of the changes in their monetary policies, there are those who still do not want any changes to Iraq's currency.

The important thing to note in this article is that a rate is being considered. It is also needed due to more countries getting involved in their economy that will require them to raise their current Dinar rate to level the playing field in trade.

If you look closer at the numbers written into this article, you will notice that the first move on the Dinar would be to drop the three zeros. It makes things very clear what they mean by such a change in their rate.

Meanwhile, Iraq has agreed to implement their economic reforms this year. They are working with the IMF in this process.   https://www.jpost.com/middle-east/article-791161

© Goldilocks

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Current market trends and statistical analysis are indicating we have a growing economy with the expectation of an interest rate cut this summer.

You may be asking yourself, how is this happening? The market’s focus has pivoted away from from a focus on interest rates to a forecast earnings growth potential. If this continues, liquidity squeeze can be cut to a minimum.

This does not mean fallouts will not occur in some sectors of the market. It just simply means that our markets are adapting to new priced in behaviors expected as the year progresses.

Inflation has an effect on buying bonds inside various countries along with more demand for a country's products and interest rates. The last few years has been characterized as an adjusting of the above monetary mechanisms across all countries.

The IMF has been meeting with these countries and working on shifts in monetary policies that reflect a "Level Playing Field" in trade and opportunity for the Global Economy.

Article 4 is more than just changing a country's exchange rate. It is a change in the mechanisms and monetary policies that will help each country achieve new price actions across all sectors of their market. The World Trade Organization is still working on some of these changes.

Many of these changes are expected to formulate new price pressures in the second half of this year due to these fundamental shifts and the economic factors holding them back are falling away.

De-dollarization is only one factor that will create the much needed changes for a Global Currency Reset. It takes the coordination and involvement of all countries to create lasting change.

I have been watching the IMF work with countries for the last few years in developing their economy into network connections that will move their economy into a much higher level. Bilateral Trade Agreements have been signed throughout these past few years that will increase more demand on a country's products increasing the value of their currencies.

And now, Protocol 20 is advancing these new trade opportunities through the interfacing of networks on the digital financing system capable of making changes such as these a reality. Smart Karma CME Group Schwab

© Goldilocks

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Here's how XRP can become stablecoin, per Grok The AI chatbot launched by Elon Musk’s recently founded xAI startup believes that XRP can be turned into a stablecoin with help from Automated Market Makers AMMs; they would work as a stabilization mechanism, using USDC or another similar stablecoin.

Read more on U.Today https://u.today/xrp-can-become-stablecoin-elon-musks-ai-grok-says

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High-value, high-risk: Bribery, corruption and fraud threats to the luxury goods sector | White & Case LLP - JDSupra

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Several of these are going to show up around the world at this point.  | Grayscale

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"National Development Fund Partners with World Economic Forum" National Development Fund (NDF), Riyadh is located in Saudi Arabia.

Saudi Arabia is aligning themselves with International Financial Institutions. This will enable them to get up to date information on Financial opportunities that will aid them in decision making processes.

In their pursuit of trading in local currencies, this will give them the opportunity to participate and associate themselves inside the World Economic Forum capable of helping them achieve these efforts.

Raising the National Development Fund's standing on the world stage will give Saudi Arabia the tools to join Digital Networks designed to level the playing field between the world and their desire to become equal partners on the Global Stage.

In turn, this will not only raise the value of their economies' presence in the world, but it will raise the demand for all currencies involved in the Saudi Arabia economic opportunities. SPA gov EN AS Top 1000 Funds

© Goldilocks

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Our Global Economy is still building International coalitions. Many of these will come into fruition the second half of this year, and the Global Payment Systems will begin to put price pressures on all Nations around the world through new demands placed on their currencies.

© Goldilocks

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FDIC vice chair wants regulators to hurry up on addressing tokenization. Tokenization could be a “major leap” for the monetary system. Travis Hill doesn’t want the U.S. to be left out.

The monetary system “stands at the cusp of a major leap,” the Bank of International Settlements wrote last year, in reference to the growing development of tokenization: the representation of claims digitally, on programmable platforms known as the blockchain and distributed ledger technology.
Banking Dive

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Bloomberg analysts substantially lower likelihood of spot Ethereum ETF approval in May to 30% | The Block

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"Global banks participate in large-scale blockchain pilot test"

No one can deny the fact that we are moving into a global digital economy at this point. When you have "...155 participants from 45 major organizations have settled real-world assets across 22 blockchains," you have a consensus model.

Major financial institutions such as Goldman Sachs, BNY Mellon and Cboe Global Markets completed a large-scale pilot test using blockchain technology. Yes, this included the Forex Market on the CBOE Exchange.

"Institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network."

The pilot test included:

* 15 asset managers
* 13 banks
* four custodians
* three exchanges
* and the Stablecoin issuer Paxos Trust.

“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”

The Canton Network includes:

* Deloitte
* Deutsche Börse
* Microsoft
* Moody’s
* and S&P Global.  

Folks, we have an operational Digital Global Monetary System. It has been tested and awaiting final touches on the digital payment system (stablecoins), messaging system, and crypto regulations to move through the legislative process.

If you have been doubting that the new Financial System is "digital," it's time to wake up. CoinTelegraph

© Goldilocks

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FDIC official urges better digital asset policy to maintain US influence | CoinTelegraph

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Economist's "News and Views" Tuesday 3-12-2024

Andy Schectman: Banks Increase Gold, Silver Shorts Over Recent Rally

Arcadia Economics:  3-12-2024

While gold and silver prices have rallied over the past week and a half, and have left some investors wondering if we're in the beginning of a break-out, the latest COT report shows that the banks were once again shorting the metals as the price rose.

Which would typically suggest that a correction might be in our future. We've seen a little bit of that today following this morning's slightly higher than expected CPI report.

And Andy Schectman of Miles Franklin checks in to share what he's seeing, and whether the rally is likely to continue.

https://www.youtube.com/watch?v=YX9pyYkGOZE

THE DOLLAR/CURRENCIES ARE BEING DESTROYED FASTER! AND THE WORLD ECONOMY.

Greg Mannarino:  3-12-2024

https://www.youtube.com/watch?v=nuI9N16bgKo

Bitcoin is Compromised and Lost Its Way; Gold and Silver are the Only Sound Money – Ted Butler

Daniela Cambone:  3-12-2024

Join Daniela Cambone at PDAC for a riveting discussion with Ted Butler of The Morgan Report. Butler contends that Blackrock's Bitcoin ETFs compromise the essence of Bitcoin, citing its fixed supply versus the derivative nature of ETFs.

He emphasizes the enduring value of gold and silver as sound money, contrasting them with Bitcoin's speculative nature.

 Butler also warns of China's economic woes and their potential impact on the U.S. economy. Tune in for insightful analysis and valuable perspectives on finance and global economics.

CHAPTERS:

 00:00 Ted’s background

2:10 What drew Ted to gold/silver?

 3:14 Bitcoin is compromised

4:09 Bitcoin investment

 4:31 Gold/silver

5:32 BRICS/China

 6:42 PDAC takeaway

7:22 CBDCs

https://www.youtube.com/watch?v=Jw7LAxO_dYI

More News, Rumors and Opinions Tuesday Afternoon 3-12-2024

KTFA:

Al-Sistani: The beginning of the month of Ramadan is today, Tuesday

3/11/2024

Al-Sistani: The beginning of the month of Ramadan is today, Tuesday

Najaf - Saadoun Al-Jabri 

The office of the religious authority, Ali al-Sistani, announced that today, Tuesday, is the beginning of the month of Ramadan for the Hijri year 1445. His office indicated in a brief statement that (it has been proven that the sighting of the crescent of the month of Ramadan is established, and that today, Tuesday, is the day of the holy month). 

The Sunni Endowment Office had announced at a time that yesterday, Monday, was the first day of the month of Ramadan. Meanwhile, the Sultanate of Oman, Jordan, Morocco, Libya, Iran, Brunei, Indonesia, Malaysia and Singapore confirmed that yesterday, Monday, is the completion of the month of Shaban, making the first day of fasting today, Tuesday, due to the inability to see the crescent moon last Sunday evening. 

The countries of Saudi Arabia, Syria, Qatar, the Emirates and Turkey announced the start of fasting yesterday, Monday.     LINK

Ariel (@Prolotario1): Powell Confirms “Nowhere Near Launching CBDC”

3-12-2024

No CBDC: I Told You All Of This Last Year “Fed Chair Jerome Powell has confirmed to the Senate Banking Committee that the Federal Reserve currently has no plans to launch a central bank digital currency (CBDC), alleviating concerns over privacy and government surveillance.” 

 “During the hearing on Thursday, Powell emphasized that the Fed’s focus remains on maintaining the current banking system structure, where only banks hold accounts with the Fed.” End quote.

Ariel: Now do you all see how far ahead you are on this account? How many times have I repeatedly informed you all on why this would never happen? Remember, you all were supposed to be in lockdowns/Quarantine for atleast 13-15 years. You would have been forced to use CBDC under the vaccine mandates. 

Guess what? The mandates are lifted and you are still using paper currency.

https://dinarchronicles.com/2024/03/12/ariel-prolotario1-powell-confirms-nowhere-near-launching-cbdc/

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

Militia Man  This is fascinating because this is coming from the Iraqi government today in the same context of Al-Sudani.  Article quote:   "The Iraq government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1320.  Implementing such a decision is likely to significantly increase Al-Sudani's popularity."  You think!?  Bring the purchasing power of $0.76 - that's what it equates to...deleting the zeros just like we've been talking about.

Frank26  Article:  "Coordination Framework seeks early election to curb al-Sudani's growing popularity: analysis"  Quote:  "The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars."  Now do you understand why they left it at 1320 even though we suggested that they would take it to 1200 or 1000?  

BRICS Expansion: Another African Country to join the bloc!

Fastepo:  3-11-2024

BRICS to expand further by joining another country from global south. As stated by Foreign Minister Yusuf Tuggar, Nigeria is considering joining BRICS.

After the expansion in 2024 to include Iran, UAE, Saudi Arabia, Ethiopia, and Egypt, the BRICS bloc has seen significant growth in its economic and demographic footprint globally. The combined GDP of the expanded BRICS now represents about 36% of the global GDP, indicating a substantial increase in the bloc's economic power.

This enlargement has not only bolstered BRICS' share of global GDP but also expanded its influence in terms of population, with the bloc now encompassing around 47% of the world's population.Incorporating Nigeria into BRICS would significantly amplify the bloc's demographic and strategic advantage.

With Nigeria's population of 230 million, it stands as Africa's most populous nation. This addition would propel BRICS' representation to encompass over half of the global population, marking a substantial increase in its collective influence. Moreover, the inclusion of these new members has positioned BRICS as a formidable entity in the global oil market, controlling about 43.1% of global oil production.

This strategic dominance in oil production is largely attributed to the addition of leading oil exporters like Saudi Arabia. The expansion also enhances BRICS' role in global trade, with its share of global exports rising to 25.1%, showcasing the bloc's growing significance in international commerce.

https://www.youtube.com/watch?v=Swx8LKORe9A

"Tidbits From TNT" Tuesday 3-12-2024

TNT:

CandyKisses:  Al-Rafidain announces linking its branches at border crossings to the comprehensive banking system

Information/BaghdadRafidain Bank announced on Tuesday that its branches at border crossings are linked to the comprehensive banking system.

"In line with the requirements of implementing the government program and in compliance with the directives of Finance Minister Taif Sami in simplifying procedures and steps to move from paper to electronic transactions, and with direct follow-up by the Director General of Rafidain Bank, the banks announce linking its branches at the border crossings (Zarbatiya - Safwan - Arar - Trebil) to the comprehensive banking system, " said a statement by the bank's media office received by Al-Maalouma.

He added that "the importance of this step comes within a series of measures that the bank will take to support the objectives of the government program and the procedures of the Ministry of Finance and the Customs Authority in automating customs work, facilitating the work of customs brokers and traders, adopting modern methods and systems, speed and transparency, and using advanced electronic programs in accordance with international standards in updating the work strategy at border crossings and maximizing the state's non-oil resources."

Tishwash:  Will American forces leave Iraq through negotiation?

 The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, on Tuesday ruled out the exit of the American occupation from Iraq through the ongoing negotiations between Baghdad and Washington, to end the military presence of the forces of the so-called international coalition.

Al-Karaawi told Al-Maalouma, “Historical facts with the American side confirm that its military forces will not leave Iraq through peaceful and diplomatic means, as their exit from the country in 2011 was preceded by successive strikes and major jihadist work by the Islamic resistance factions to ensure their expulsion from the country.”

He added, "America seeks through many ways to remain militarily inside Iraq, despite the presence of ongoing negotiations between the federal government and the American side regarding military withdrawal from Iraqi territory."

He stated that "Iraq has the ability and potential to protect and secure its lands and preserve them from any risks that may be exposed to them, and it also has the potential to secure the path to development and other economic projects without the need for the presence of any foreign military." link

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CandyKisses:  The logic of power imposes itself. America will not remove its forces from Iraq by peaceful means

Information / Baghdad...

The logic of force or resorting to the language of weapons is one of the very available options to remove the American occupier from Iraqi territory, as history imposes itself and recreates its events through what happened before 2011 of jihadist operations and painful blows by the Islamic resistance Against the American occupation and its bases spread in the country.

 These strikes prompted the US administration at the time to negotiate a withdrawal from Iraq, despite Washington's many options that could constitute a pressure factor on the federal government to ensure the presence of its forces militarily on the ground of Iraq, but the popular rejection imposes itself and puts dots on the letters in order to get rid of the American occupier.

Hussein al-Karawi, head of the organizing body of the popular movement for the Belt and Road, told Al-Maalouma that "the historical facts with the American side confirm that its military forces will not leave Iraq by peaceful and diplomatic means."

He added, "Their exit from the country in 2011 was preceded by successful strikes and major jihadist work by the Islamic resistance factions to ensure their expulsion from the country."

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CandyKisses:  JPMorgan on the US economy: recession still on the table

Economy News - Follow-up

JPMorgan CEO Jamie Dimon said he will not remove the possibility of a U.S. recession "off the table," but the Fed must wait before cutting interest rates.

Damon said via video link at the Australian Business Review Summit in Sydney on Tuesday: "The world expects a smooth downturn, maybe 70-80 per cent." I think the chance of a soft landing in the next year or two is half that. Worse is stagflation," according to Bloomberg.

Dimon said economic indicators have been distorted by COVID-19, and he believes the Fed should wait for more clarity before cutting interest rates. They can always cut interest rates quickly and dramatically. Their credibility is a bit at stake here." Unemployment in the United States is very low right now, and wages continue to rise."

Damon said that while the U.S. economy is currently "booming," the risk of a recession remains.

These comments strike a slightly less optimistic tone from the chief banker, who recently drew upbeat forecasts for global markets – a sharp departure from his views less than two years ago when central banks first began to tighten interest rates. Damon made headlines for warning in 2022 that a "hurricane" was about to hit the U.S. economy.

Federal Reserve Chairman Jerome Powell indicated last week that the central bank is approaching the confidence it needs to start cutting interest rates.

"We are waiting to become more confident that inflation is moving sustainably at 2 percent," Powell said Thursday while answering questions from the Senate Banking Committee.

Mot... Ya Notice that the Day After!!!!

Mot:  .I Thinks its gunna be one of Those Weeks I Do!!!

News, Rumors and Opinions Tuesday AM 3-12-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 12 March 2024

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

Timeline – What a Week Before Us!:

On Mon. 11 March the Bank Term Funding Program (BTFP) now required that banks would no longer get funding for their loans from the Federal Reserve Board, so any loan they made would have to be out of their own gold-backed monies and not made on the fiat US Dollar from the Federal Reserve. This is a Death Sentence for US Banks.

Tier4b (us, the Internet Group) notification to set redemption/exchange appointments could occur at any moment. Tier4b will have 14-15 days to exchange at Redemption Centers at the special rates, after which you would have to exchange at the lower rates of a bank.

On Fri. 15 March the new gold/asset-backed US Note could be available to the General Public and will replace the old Federal Reserve fiat US Dollar in ATM machines. It was also likely that on that same Fri. 15 March Restitution and Rebate monies will begin to be paid out and Social Security increases may begin.

Global Financial Crisis

Mon. 11 March: Wall Street and regional banks scramble for new funds as the FED ends emergency lending program, aimed at keeping failing banks afloat during banking collapse.  https://www.disclose.tv/id/ar418mxb7p/

Mon. 11 March Argentina arrests $400 million Crypto Currency Ponzi Scheme Founder: https://news.bitcoin.com/latam-insights-argentina-arrests-400-million-cryptocurrency-ponzi-scheme-founders-brazil-defines-crypto-regulation-as-a-priority/

Mon. 11 March JP Morgan Chase Employees Steal $1,800,000 From Customers: https://dailyhodl.com/2024/03/10/jpmorgan-chase-employee-steals-1800000-from-customers-and-victims-of-elaborate-romance-scam-report/

Mon. 11 March BTFP, a bank program that provides loans to institutions to support the U.S. financial system, was now closed. Banks could no longer make loans unless their monies were gold/asset-backed:  https://www.cryptopolitan.com/us-banking-sector-speculation-btfp-closure/

Wells Fargo, Bank of America, PNC to close 1,300 Branches this year: https://www.dailymail.co.uk/yourmoney/article-13160397/bank-closure-wells-fargo-bank-america-pnc.html

BRICS sets up anti-money laundering working group – Tehran Times: https://www.tehrantimes.com/news/495984/BRICS-sets-up-anti-money-laundering-working-group

Starting on Monday, March 11th, banks will be prohibited by law from loaning the fiat US Dollar, according to an announcement from the Federal Reserve Board. During a period of stress last spring, the Bank Term Funding Program helped assure the stability of the banking system and provide support for the economy. After March 11 banks and other depository institutions will continue to have ready access to the discount window to meet liquidity needs. Nonetheless, the BTFP’s closure is likely to increase banks’ borrowing costs, meaning their profit margins will fall. They might react with higher lending rates or by making less credit available to customers, potentially weakening the economy.https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm

Mon. 11 March Tokyo stocks tumble in morning on tech selling, stronger yen, Nippon.com: https://www.nippon.com/en/news/kd1139763573484061255/

Mon. 11 March Chinese Real Estate Market Bankrupt: https://www.cnbc.com/2024/03/11/chinas-housing-minister-property-developers-must-go-bankrupt-if-needed.html

Read full post here:  https://dinarchronicles.com/2024/03/12/restored-republic-via-a-gcr-update-as-of-march-12-2024/

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

Frank26  JP Morgan I think is going to be extremely important to us...Don't just think that you're going to be limited to Chase and JP Morgan.  I used [them as example] only so that it could be of help to you.  To guide you.  At least you know where you can start.  If you don't like them go somewhere else.

Militia Man  They're not going to...build a country at 1310.  The math doesn't work.  I don't care how many times people try to figure that out.  Think about it for a second...1310  dinars to buy a pencil but if you can buy 100 pencils for one dinar because the dinar is worth $3.00, $4.00 or more. How many pencils can you buy?  Think about that in bricks, steel, sewer systems, infrastructure, lighting, military operations, airplanes, guns and weapons, grocery stores at 1310 as opposed to 2, 3, 4 bucks.  They specifically bring up and invoke 'previous eras' not me.  I just report that...

The US Is Flat Broke After US Senator Exposes Government Spending Scam!

Atlantis Report:  3-11-2024

The United States government's debt has recently surged past an unprecedented milestone. Despite the nation's strong economic standing and low unemployment rates, the relentless growth of the debt raises serious concerns about its implications.

 As experts warn of the dangers posed by this burgeoning debt, it is important to examine the root causes and potential consequences of this financial predicament.

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

Goldilocks' Comments and Global Economic News Monday Evening 3-11-24

 Goldilocks' Comments and Global Economic News Monday Evening 3-11-24

Good Evening Dinar Recaps,

"The Yuan is the world's fifth most-used currency for trade. The IMF, which is due to review the basket's composition later this year, must deem any new currency "freely usable," or convertible - seen as a key obstacle for the Yuan, also known as the Renminbi. But the Fund also could change its criteria, or have a phased entry for the Renminbi after it meets the standards, as some officials have suggested."

Since the time of the quote above, the Renminbi has been included in the Special Drawing Rights of the IMF. There's even a bill that includes special recognition of China's currency and it's role in the future global economy.

Below, you will see a link to the dollar act legislative bill currently in the introduction phase. It states inside the introduction that digital dollar has to be formed this year. This means that the Stablecoin for the United States dollar is and will find its regulations completed for trade inside the new QFS.

Currently, the WTO is in process of currency reforms this year. They are adjusting percentage prices among several countries' goods and services to make trade among nations a "More Level Playing Field." These changes will have corresponding exchange rate adjustments through a re-indexing process.

Meanwhile, China's currency in trade is increasing in volume and part of the WTO's evaluation for the revaluation of the Eastern half of our World's currency values.

Role of the Renminbi:

"An SDR allocation is a way of supplementing Fund member countries' foreign exchange reserves, allowing members to reduce their reliance on more expensive domestic or external debt for building reserves."

© Goldilocks
PBC Gov
Congress Gov
Nasdaq
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Old traditional money is transitioning into digital gold money. Today and tomorrow are significant days in this transition process.

The reliance on old money to support the banking system is going away today as institutional money continues to pour into the new digital economy.

Tomorrow, price pressures will begin to form on new money (tokenized assets). This will no doubt begin a cascade of events.

This allows institutional money to begin increasing money velocity inside the new digital ecosystem. When Stablecoins are regulated. You will see retail money begin to flow into the markets. Brookings Edu

© Goldilocks

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"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions."   17 hours ago

We talked about this around 2 years ago. Look for banking consolidations to take place. Those capable of meeting Capital 3 requirements will move forward.

Here is where the rubber meets the road. The integration of a Digital Gold Banking System will begin taking its first steps into the Global arena tomorrow. Financial Express

© Goldilocks

👆 As the article States, look for this to be a gradual integration for some banks.

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Hong Kong CPPCC members advocate for cross border e-commerce development - Daily Times

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CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation. The flotation of the Egyptian pound, combined with a sharp raise of the main interest rate, is meant to combat inflationary waves and attract foreign investment.

Egypt floating currency, agreeing with International Monetary Fund to increase bailout loan - Washington Times

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CBDC incoming...  | Twitter
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FEDNOW and Ripple Partnership:
This announcement marked the official integration of Ripple technology and XRP within the FedNow payment system, signaling a significant development in the use of blockchain technology and digital assets in the global financial system.   Supra

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CBDC vs. Cryptocurrency: Competition or Collaboration Towards the Future of Digital Finance? - Modern Diplomacy

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Silver Prices Forecast: Will Gold Strength, CPI Data Drive XAG/USD’s Direction Next Week? | FX mpire

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Drivers of Dollar Share in Foreign Exchange Reserves - FEDERAL RESERVE BANK of NEW YORK

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Iraqi PM Al-Sudani announces 6% growth in Non-Oil GDP - Shafaq News

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BlackRock To Buy Bitcoin ETFs For Global Allocation Fund  | Bitcoinist

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Larry Fink bets Bitcoin ETFs are just the beginning as Wall Street eyes $10tn tokenisation play – DL News

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More News, Rumors and Opinions Monday Afternoon 3-11-2024

KTFA:

Clare:  Chambers of Commerce reveal their expectations for the “parallel market” in Ramadan: decline is the dominant feature

3/11/2024   Baghdad

Today, Monday (March 11, 2024), the head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, revealed his expectations for the dollar exchange rate in parallel markets during the month of Ramadan, while stating that the decline will be the dominant feature.

Al-Tamimi told "Baghdad Today", "The exchange rate of the dollar in the parallel market at the present time is somewhat stable," indicating that "the government's measures have contributed to reducing the phenomenon of dollarization in the markets, pushing towards electronic circulation of funds, and reducing the phenomenon of smuggling."

He added, "Government policies have greatly reduced speculation that was generating billions of dinars to parallel market whales and smuggling," adding, "If it had not been for government intervention, the dollar exchange rate would have been strongly approaching 200,000 dinars for every $100 "

Al-Tamimi pointed out, “Our expectations for the dollar exchange rate in Ramadan indicate a continuation of the slow decline to below 150,000 dinars per 100 dollars, but we are in a situation where crises or surprises could occur that change the course of the exchange rate within hours, but in all cases the decline is The dominant feature of the parallel market.

The Parliamentary Finance Committee confirmed on Wednesday (March 6, 2024) that the dollar is controlled by the relevant government agencies, calling for not taking into account the rumors of losing and corrupt parties.

Committee member Moin Al-Kazemi told “Baghdad Today” that “there are some politically losing parties and personalities who have major suspicions of corruption, working to continue spreading rumors that the government is not in control of the dollar market and the Iraqi dinar is declining , for the purpose of political influence as well as influencing the market.”

Al-Kadhimi added, “The government is currently in complete control of the dollar in all its transactions, and there is real and serious work to strengthen the Iraqi dinar,” stressing that “everyone is required not to take into account the rumors of losing and corrupt parties, as they do not want economic stability, to achieve their suspicious agendas.”   LINK

BlaqueBeauty:  IMO Mr Frank.. has said “just a flip of the switch”

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Clare:  Advisor to the Prime Minister: The stability of the exchange rate gives relative stability to gold prices

3/11/2024

The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the relative stability of gold prices in Iraq due to the value of the dinar.

 Saleh told {Al-Furat News} agency, “What determines gold prices today are the international gold exchanges, noting that the stability of the official Iraqi dinar exchange rate to the dollar gives relative stability to gold prices.” He noted that "the value of gold is exposed to the cycle of global gold assets, which constitutes the basic variable for the price of gold on the global scale, whether rising or falling."

Gold prices took a breather today, Monday, after a series of record highs that came against the backdrop of a slowdown in the labor market in the United States and statements from the US Federal Reserve, while traders awaited the inflation report in the United States in search of new indications of the possible date for reducing interest rates.

Gold settled in spot transactions at $2,177.24 per ounce by 06:02 GMT, while US gold futures contracts fell 0.1% to $2,183.90.

Gold recorded an unprecedented level of $2,194.99 for the fourth day in a row on Friday, after data showed a slowdown in the labor market in the United States.

 The selling price of gram in the local markets in Baghdad today, Monday, is 460 thousand dinars.

Raghad Dahham   LINK

Sir Shawn:  WOW, IMO…..Did you all catch this? 

31.1 grams per ounce @460,000 Dinar per gram
460,000x31.1= 14,306,000 Dinar 
14,306,000~1,310=10,920.61 USD per ounce of gold. WOW

Cleitus:  Also.., IMO, could there be a US treasury bond sell-off from other countries hitting the global scene, thus weakening the dollar and affecting gold prices as well? Seems everything is coming together, IMO. WOW!!

Clare:  SIR_SHAWN I LIKE YOUR THINKING IN POST #22 BUT IT LOOKS LIKE THEY ARE NOT TALKING ABOUT 1 GRAM FOR THAT PRICE imo
THE ARTICLES ARE NOT SO CLEAR CUT AT TIMES….. HERE IS THE MEANING IN ARABIC: Mithqāl (Arabic: مثقال) is a unit of mass equal to 4.25 grams (0.137 ozt) which is mostly used for measuring precious metals, such as gold, and other commodities, like saffron.

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Venustwo2:  The month of Ramadan has officially started. According to the calendar , it goes until March 9/2024.  According to my friends at work, no financial topics or the likes during this Holy month. Lets see what happens during Eid al-Fitr.

Paulette:  IMO.....Sistani set tomorrow, 3/12/24 as the first day of Ramadan.....Note, IMO, Kuwait Reinstated their currency during Ramadan in 1991........therefore, it appears that it very well can be possible to see Iraq change their currency structure during Ramadan.

Ryan1216:  This very well could happen during Ramadan. Time will tell

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

Frank26  The conditions of the monetary reform are perfect.  All the waiting that we've been having forever and ever is also very perfect because what we're waiting for is just one thing and one thing only, the new exchange rate.  That's it.  The evidence is, banks know now. 

Pimpy  What is the difference between a mixed economy and a market economy?  In a mixed economy the government plays a more active role in regulating and controlling certain aspects of the economy while in a market economy, the government's role is limited to maintaining a level playing field and protecting property rights...We know right now Iraq has a mixed economy...[with] a lot of state ran businesses...

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Fight, corruption IQD Iraq

Nader:  3-11-2024

https://www.youtube.com/watch?v=PfWrac127_A

"Tidbits From TNT" Monday 3-11-2024

TNT:

Tishwash:  Sudani resolves the fate of the strategic framework agreement after the US withdrawal

Mawazine News – Baghdad

Prime Minister Mohammed Shia Al-Sudani stressed on Monday that Iraq does not need foreign soldiers from 86 countries under the international coalition, noting that the US withdrawal does not mean the break or the termination of the coordination framework agreement at all.

Al-Sudani said in an interview followed by Mawazine News that "the US withdrawal does not mean canceling the strategic framework agreement and then announcing the break."

He added that "negotiations between America and Iraq are conducted militarily without policy intervention and are professional and depend on three circumstances, including an assessment of the threat of ISIS, operational conditions and an assessment of the capabilities of Iraqi forces in the face of dangers."

He pointed out that "Iraq will work to schedule the American withdrawal after taking into account all those assessments and then it will work to develop US-Iraqi relations and work in accordance with the Strategic Framework Agreement."

CandyKisses:  Amid Doubts About Its Uselity. Sudani Is Preparing For A US Tour To Arrange Relations And End The Existence Of The International Coalition

 Earth News / Prime Minister Mohammed Shia' Al-Sudani is preparing to conduct an important visit to the United States of America to meet a large number of officials there, led by Joe Biden, to discuss many important issues, especially in light of the development of the aggression on some areas of the Middle East, in addition to the aggression against the Iraqi security forces by the US aircraft.

This visit comes in light of the dangerous escalation in the world and warnings of the expansion of the circle of fighting, while the Sudani will carry many other sensitive files, most notably the foreign presence in Iraq, in addition to the continuation of strikes between the Iraqi resistance factions and the American forces.

In September last year, the Sudani participated in the meetings of the United Nations General Assembly in New York, during which he met with the US Secretary of State, Anthony Blinken, but did not meet with President Joe Biden, at which time the US minister invited the Iraqi Prime Minister to visit Washington and meet with Biden, to discuss bilateral relations.

On this visit, political analyst Ghalib Al-Dami said in an interview with Earth News, that “the talk about the visit took place a year ago when the government was formed and its date was not set and US Secretary of State Blinken had previously invited the Sudanese to visit the United States, but without specifying the appropriate date, which caused its postponement.”

He added that "the Sudanese visit and his meeting with US President Biden, who says about the media that he is lack of memory, will not have a significant impact on the consideration that the current President Biden will leave his position after about 8 months," noting that "the visit will be very useful if it includes other US departments such as the parliament, the Ministry of Defense, the Ministry of State and the decision-making departments in Washington."

Al-Da'ami pointed out that "the Sudanese Prime Minister will carry with him all files related to the Iraqi economy, Iraqi security, the American presence, the stability of the country and everything related to it."

For his part, the government spokesman, on behalf of Al-Awadi, revealed in a statement followed by Earth News, that “the date of the Prime Minister’s visit will be during the spring, explaining that its goal is to arrange bilateral economic, political, cultural and security relations, end the mission of the international alliance and move to a bilateral relationship only.”

With regard to the calm between the United States and the Iraqi factions, Al-Awadi stressed that "stability in Iraq and the cessation of strikes directly contributed to the completion of dialogue and the timetable for the end of the mission of the international coalition and the withdrawal of foreign forces," but said that "the targeting of Iraqi bases in which international advisers are present, is reflected negatively on the speed of completion of the mission of the Supreme Military Committee and the completion of the task of ending the international coalition."

The Sudanese's visit, which is expected during the next two months, which was postponed more than once, due to the tense regional conditions, most notably the Israeli war on the Gaza Strip, is important in the eyes of the observer circles, as it is his first official visit since he took office in October 2022, and it will be on its agenda to discuss security unrest, including the escalation of mutual attacks between the United States and Islamic resistance factions since the beginning of the events in Gaza.

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CandyKisses:  The first Iraqi religious reference announces the “first day” of Ramadan

Shafaq News / Iraqi cleric Kamal Al-Haidariannounced that the first day of the holy month of Ramadan will be on Monday, March 11, 2024, according to a statement issued by his office, Shafaq News.

The statement explained that "this is based on the jurisprudential building of his eminence, which is based on accurate scientific and astronomical calculations that indicate that the central pairing (central) will take place on Sunday, March 10, 2024 at 09:00 UTC, God willing."

He continued that "the possibility of seeing the crescent as shown in the two figures below indicates that it can be seen on Sunday evening with an armed eye only (the telescope) in multiple areas of the two continents of North and South America based on the return criterion, and on the Yalop standard, it can also be seen by telescope only in many areas of the western North America and some areas of the Latin American continent, in addition to the possibility of seeing it with the naked eye in the case of the serenity of the full atmosphere and monitoring by an experienced observer in some areas of the western North America continent

Mot: .. how bout on Monday - We ~~~~

Mot: .... Just Saying !!! --- Beeeeeeeee Ready!!!