More News, Rumors and Opinions Friday Afternoon 3-15-2024
TNT:
Lynne: Mar.14th 2024
Hi all, I just wanted to share today that I was signing real estate docs to list my property, and my realtor knows somebody who’s dealing in currencies along with the Dinar.
I talked to this guy named Paul, who happens to be one of the few group left that the Admiral is handling. This guy has direct contact to the treasury and the World bank of China.
The treasury won’t validate or deny anything directly. However, his contacts state they are stating it’s supposed to be done this month.
To me, that was great news as it at least validated this investment from a direct person I got to speak to that has very high up contacts. Thought I would share.
TNT:
Lynne: Mar.14th 2024
Hi all, I just wanted to share today that I was signing real estate docs to list my property, and my realtor knows somebody who’s dealing in currencies along with the Dinar.
I talked to this guy named Paul, who happens to be one of the few group left that the Admiral is handling. This guy has direct contact to the treasury and the World bank of China.
The treasury won’t validate or deny anything directly. However, his contacts state they are stating it’s supposed to be done this month.
To me, that was great news as it at least validated this investment from a direct person I got to speak to that has very high up contacts. Thought I would share.
KTFA:
Clare: Al-Kadhimi: We are waiting for the Council of Ministers to vote on the 2024 budget schedules and send them in the coming days
3/15/2024
Today, Friday, the Parliamentary Finance Committee commented on Finance Minister Taif Sami’s announcement that data related to the 2024 budget schedules would be sent to the Council of Ministers.
Committee member Moeen Al-Kadhimi explained, in a press statement, followed by NRT Arabia, that “the Ministry of Finance sending data on the 2024 budget tables to the Council of Ministers means that its mission has ended and we are waiting for the Council of Ministers to vote on these tables and send them within the next few days.”
Al-Kadhimi added, “The Council of Ministers will speed up sending these tables to the House of Representatives, and we in turn will have access to them, and some amendments may be made to them, if there are any observations, and we cannot view these data, except after they officially arrive from the Council of Ministers.” “After he approves it.”
Last Wednesday, the Minister of Finance, Taif Sami, announced the completion of data related to the 2024 budget tables, the inclusion of texts, and sending them to the Council of Ministers.
Sami said, “The data related to the 2024 budget tables has been completed, the texts have been included, and they have been sent to the Council of Ministers.”
She stressed that she "will not launch funding for the salaries of Kurdistan Region employees for the month of March until after resettlement, and I do not disagree with the decision of the Federal Court."
The Prime Minister, Muhammad Shiaa Al-Sudani, announced on February 20 that “the government is continuing to scrutinize the schedules for the 2024 budget, as the government carefully confronted the deficit within the 2023 budget.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 There was an announcement made by the Prime Minister Sudani...He told the Iraqi citizens, I'm going to add value to your currency. He used a solemn oath that swears upon Allah their God. You don't go around breaking that promise. It was exciting to realize the Prime Minister told the people, I assure you, I give you a solemn holy oath were going to add value to the currency...Sudani told the citizens we're going to raise it to $1.32...He explained if we lift the 3-zeros from the exchange rate we'll be able to give you $1.32 in country. That's good purchasing power.
Clare Article: "After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar" Quote: "...Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market."
BRICS to Transform the Global Market by its own "Raw Materials Exchange" similar to OPEC
Fastepo: 3-14-2024
As preparations for the BRICS summit in October 2024 are underway, discussions are intensifying behind the scenes regarding the agenda and programs.
Amidst these deliberations, a notable initiative is gaining momentum. Recognizing that all BRICS nations are significant producers of raw materials, including oil, gas, metals, and minerals, there is contemplation of a transformative action.
BRICS official has highlighted discussions within BRICS regarding the establishment of a “raw materials exchange”, signaling the bloc's increasing influence on the global stage. This move underscores the growing significance of BRICS nations in shaping international economic initiatives.
This potential development marks a significant step forward for the alliance, signaling its intent to diversify and expand its economic cooperation beyond traditional boundaries
This system provides countries with enhanced control over their raw materials trade, reducing dependence on the traditional global financial system.
"Tidbits From TNT" Friday Morning 3-15-2024
TNT:
Tishwash: Iraqi lawmakers to discuss monetary policies, banking system with CBI
Iraq's Parliamentary Finance Committee met with the Central Bank of Iraq on Thursday to discuss monetary policy, the banking system, and ways to increase the value of the Iraqi dinar.
The meeting was held at the headquarters of the Finance Committee and was chaired by Atwan al-Atwani. Central Bank Governor Ali al-Alaq also attended the meeting.
In his opening remarks, al-Atwani laid emphasis on monitoring the economic and monetary policies in the country and "finding appropriate solutions to the obstacles facing the work of the Central Bank."
The Finance Committee also expressed hope for coordination with the Central Bank to increase the value of the Iraqi dinar, control the market in order to alleviate the burden on citizens, and address the deficit.
TNT:
Tishwash: Iraqi lawmakers to discuss monetary policies, banking system with CBI
Iraq's Parliamentary Finance Committee met with the Central Bank of Iraq on Thursday to discuss monetary policy, the banking system, and ways to increase the value of the Iraqi dinar.
The meeting was held at the headquarters of the Finance Committee and was chaired by Atwan al-Atwani. Central Bank Governor Ali al-Alaq also attended the meeting.
In his opening remarks, al-Atwani laid emphasis on monitoring the economic and monetary policies in the country and "finding appropriate solutions to the obstacles facing the work of the Central Bank."
The Finance Committee also expressed hope for coordination with the Central Bank to increase the value of the Iraqi dinar, control the market in order to alleviate the burden on citizens, and address the deficit.
For his part, the Governor of the Central Bank said that establishing basic rules is vital for monitoring the transfer process and analyzing transaction movements.
The statement added that the committee discussed with the Governor of the Central Bank the international standards, the future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law. link
CandyKisses: Finance” discusses with the Central Bank ways to increase the value of the Iraqi dinar
Shafaq News / The Parliamentary Finance Committee discussed, on Thursday, with the Central Bank of Iraq, the monetary policy and banking system in the country and ways to increase the value of the Iraqi dinar.
This came in a meeting held by the committee headed by Atwan Al-Atwani and the presence of its members with the Governor of the Central Bank, Ali Al-Alaq, according to a statement issued by the parliamentary finance.
At the beginning of the hosting held at the headquarters of the committee, Al-Atwani stressed the importance of following up the economic file and monetary policy, based on the regulatory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspect, pointing to the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
The statement added that the committee discussed with the Governor of the Central Bank the adopted international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the law of the Central Bank.
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Tishwash: An economist identifies the "ideal solution" to reduce the dollar difference between the official and the parallel
The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.
Antoine told Al-Furat News: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”
He stressed "the need to establish quick, firm and convincing measures."
Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices." link'
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CandyKisses: Sudanese meets with the Minister of Finance and the Governor of the Central Bank and takes 3 decisions
March 14 22:30 Information / Baghdad
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani met with the Minister of Finance and the Governor of the Central Bank and subsequently took 3 decisions related to loans and debts.
The Prime Minister's Media Office stated in a statement received by Al-Maalouma, that "Prime Minister Muhammad Shia Al-Sudani chaired a meeting that included the Minister of Finance, the Governor of the Central Bank of Iraq, and a number of relevant advisors, in the presence of the Director General of the Trade Bank of Iraq."
He added, "The meeting discussed a number of issues related to the government banking sector, related to government debts and non-performing private sector loans, and took a number of decisions regarding them, which were the following:
1-The Ministry of Finance begins paying government debts to the Trade Bank of Iraq.
2- Preparing a plan to be presented to the Council of Ministers regarding the repayment of troubled loans owed by the private sector to government banks, including the Trade Bank of Iraq.
3- Forming a joint committee to study expired credits; In order to return its funds to the public treasury.
Mot: Found the Perfect RV Clock I Did!!!! ..............
Mot: Guess What!!!!.. Even Though I'm Getting over 6 inches of Snow Tonight - They Say ~~~~
News, Rumors and Opinions Friday AM 3-15-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 15 March 2024
Compiled Fri. 15 March 2024 12:01 am EST by Judy Byington
Timeline: (RUMORS)
Fri. 15 March was the deadline to fund the US Government which, according to the Federal Reserve, was already $34 Trillion in debt, rises by $1 trillion every 100 days and owes Social Security recipients another $175 Trillion, while Biden’s budget includes $289 billion to build illegal migrant’s housing out of his $7.3 Trillion in new spending. The system is unsustainable. Banks can no longer give loans on the fiat US Dollar. Fulford Sources in the Japanese Imperial Family say the 15th is the date for a Financial Black Swan Event.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 15 March 2024
Compiled Fri. 15 March 2024 12:01 am EST by Judy Byington
Timeline: (RUMORS)
Fri. 15 March was the deadline to fund the US Government which, according to the Federal Reserve, was already $34 Trillion in debt, rises by $1 trillion every 100 days and owes Social Security recipients another $175 Trillion, while Biden’s budget includes $289 billion to build illegal migrant’s housing out of his $7.3 Trillion in new spending. The system is unsustainable. Banks can no longer give loans on the fiat US Dollar. Fulford Sources in the Japanese Imperial Family say the 15th is the date for a Financial Black Swan Event.
On Fri. 15 March the US Government would run out of monies, while the new gold/asset-backed US Note could be available to the General Public and 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 will begin.
Global Currency Reset (RUMORS)
Wed. 12 March MarkZ: “My Bond Holder had an appointment today and left the appointment with an NDA. …Two Iraqi contacts said that Iraq was absolutely done and they were just waiting for the US Treasury to give them the go. …
Tues. 12 March Wolverine Exclusive Leak: 400,000 Wells Fargo Emails Generate Massive Liquidity with Zim Bonds and NESARA! In an unprecedented move that is expected to shake the financial world, Wells Fargo and HSBC are about to begin a massive release of liquidity, a move that is as audacious as it is profitable. This is a secret operation that could change the economic landscape forever. The plan? Sending over 400,000 emails to currency and bond holders, providing them with the golden keys to a treasure that is hiding in plain sight. https://gazetteller.com/insider-info-400000-wells-fargo-hsbc-emails-unleash-financial-redemption-and-skyrocket-zim-bond-wealth/
Mon. 11 March Digital Financial Asset Announcement, Russia: Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11. Moscow has fast-tracked the bill in an apparent bid to help domestic companies use digital tokens and CBDCs to evade sanctions. https://cryptonews.com/news/putin-signs-cbdc-digital-assets-payments-bill-into-law.htm
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Thurs. 14 March 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
Notifications for Tier4b to set redemption appointments to come out after that announcement or around Fri. afternoon 15 March or Sat. morning 16 March. Either will allow us to set appointments for Sat. 16 March.
Trust Accounts need to be set up within 10 days after your appointment.
As of Mon 11 March there was no more fiat US Dollars being used anywhere in the World except for the US. Here in the US the fiat Dollar will only be good until 4 July 2024.
The USTN will be issued in the US by the end of the month.
The Fed is dead. The IRS is almost gone. We will be on a consumption tax of tax on new goods bought (except for food and medicine).
NESARA may come in this weekend.
Read full post here: https://dinarchronicles.com/2024/03/15/restored-republic-via-a-gcr-update-as-of-march-15-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man ...If they adjust the exchange rate and delete the zeroes who's going to need the dollar when they apply the new Real Effective Exchange Rate to it? Nobody is going to need the dollar because the dinar is going to be stronger than the dollar and that's my opinion. We are in a situation where ...a political crisis...or surprises could change the exchange rate and that could come within hours...
Mnt Goat There are many who want to force the reinstatement which is like me telling you that on March 19th (first day of Spring) suddenly overnight everything will change and wamoo we will have spring. But we all know it doesn’t work this way and so we must make this logical analogy / comparison to our investment the RV. Just like mother nature has a plan for spring the CBI too has a plan and it takes time to execute it
Exchange Rates & News IQD VND TRY HTG ZIM Dollar #iqd Gold
Edu Matrix: 3-14-2024
LIVE! A GRAND DECEPTION ON AN EPIC SCALE... HERE IS EVEN MORE PROOF! Important Updates.
Greg Mannarino: 3-24-2024
Goldilocks' Comments and Global Economic News Thursday Evening 3-14-24
Goldilocks' Comments and Global Economic News Thursday Evening 3-14-24
Good Evening Dinar Recaps,
The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more.
These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category.
This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward.
Goldilocks' Comments and Global Economic News Thursday Evening 3-14-24
Good Evening Dinar Recaps,
The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more.
These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category.
This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward.
In other words, India is going through a re-indexing process inside their stock market that will enable them to expand their Foreign Currency Exchange Market through the Unified Payments Interface (UPI). The UPI will allow India to focus on their ability to connect to Global Banks near and far through payment systems inside the QFS.
This will allow India to expand their ability to trade with local currencies around the world, instead of, just a few that fall into the category of a World Reserve Asset and higher values in a few other currencies. Affairs Cloud
© Goldilocks
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Janet Yellen, United States Secretary of the Treasury is now on record as finally admitting that Higher Inflation and Higher Yields Are Here to Stay.
“It seems unlikely that yields are going to go back to being as low as they were before the pandemic.” Yellen.
Remember, this refers to the old Financial System. Under a Digital Gold Standard Financial System, we will witness gold deflating an inflated economy.
Our tokenized assets are currently being interfaced into the new QFS allowing us to move into a decentralized system incorporating new banking protocols along with trading protocols that will transform our markets into real values.
It will change monetary values in every sector of the market including Forex. This is why many have called it a Global Currency Reset, but it includes every sector of the market and banking system as well. Wolf Street
© Goldilocks
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War Bonds are here...
Bond Investors Are Lining Up to Fund the War Against Putin. | Finance Yahoo
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RBI, Indonesia's central bank, signed local currency trade agreements. | IBEF
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Digital Financial Asset Announcement:
Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.
Moscow has fast-tracked the bill in an apparent bid to help domestic companies use digital tokens and CBDCs to evade sanctions. Crypto News
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Hong Kong Banking Announcement:
Hong Kong begins phase 2 of CBDC pilot
Hong Kong’s central bank will accept proposals on potential use cases of a digital Hong Kong dollar from industry participants until May 17.
The Hong Kong Monetary Authority (HKMA) has launched phase two of its e-Hong Kong dollar (e-HKD) pilot program and urged industry participants to apply and submit potential use cases for its central bank digital currency (CBDC). Coin Telegraph
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$27 Trillion Expected to Flow into XRP, $500 Possible? | YouTube
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#Gold is stealing the spotlight this week, but where does #silver stand? | Youtube
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"Copper rally not over yet, Citi bullish on tighter supply outlook" | Investing
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I believe the cryptocurrency for copper is XDC. Not a suggestion, just an observation. 😉
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More News, Rumors and Opinions Thursday PM 3-14-2024
KTFA:
Clare: After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar
March 14, 2024 Baghdad
Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
KTFA:
Clare: After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar
March 14, 2024 Baghdad
Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.
A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens, and address the deficit.”
For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. LINK
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Clare: The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates “illegal trade”
3/14/2024
On Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an understanding with the US Treasury Department to reconsider the sanctions imposed on Iraqi banks, indicating at the same time “illegal trade” that causes the stability of the dollar exchange rate.
Al-Alaq said during his stay in the Parliamentary Finance Committee, according to a statement received by Shafaq News Agency, that “basic rules have been established in order to monitor the process of external and internal transfers, attributing the instability of the exchange rate to the existence of illegal trade carried out by small merchants and some speculators, which is financed by withdrawing the dollar.” Cash from the market.
He added, "The foreign sanctions imposed on a large number of our local banks have hindered efforts and plans to open relationships and lines of communication with accredited international correspondent banks," pointing to "continuous meetings with the US Treasury, and an understanding was reached to reconsider the sanctions imposed on Iraqi banks, and that Such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it is responsible for monitoring its activity.”
He explained, “We are currently coordinating with the relevant authorities regarding the implementation of the plan to regulate foreign trade,” noting that “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The banks are not saying as much that it's a scam. If you hear someone that says it's a scam it's probably someone at the very front line. But once you get past them we're finding they have JP Morgan representatives at every Chase Bank it seems like. Perfect timing...Not one bank story has been negative in 8 or 9 days or so...The resistance is getting less and less. The force field is no longer at 10, it's probably at 1 or 2.
Mnt Goat Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!
DISASTER... THE US ECONOMY IS COMING APART FASTER! JPM WARNING. WAR EXPANDS.
Greg Mannarino: 3-14-2024
TOO LATE: Yellen Is Forced To Admit She Was Wrong As Inflation Heats Up and US Deficit Surges
Lena Petrova: 3-14-2024
Revealing How Gold and Silver Move Toward Their True Value Through Overnight Resets
Revealing How Gold and Silver Move Toward Their True Value Through Overnight Resets
Lynette Zang: 3-14-2024
In this video, Lynette Zang delves into critical questions surrounding financial security during turbulent times, exploring the dynamics of gold, silver, and fiat currencies in the face of economic crises.
Drawing on historical precedents and real-time examples like Egypt's currency crisis, she uncovers the fundamental truths about sound money and the pitfalls of fiat currencies.
From the importance of owning physical assets to the hidden risks of inflation, this video offers indispensable knowledge for navigating today's uncertain financial landscape.
Join us as we empower individuals to take control of their financial futures and build resilient communities grounded in sound money principles.
Revealing How Gold and Silver Move Toward Their True Value Through Overnight Resets
Lynette Zang: 3-14-2024
In this video, Lynette Zang delves into critical questions surrounding financial security during turbulent times, exploring the dynamics of gold, silver, and fiat currencies in the face of economic crises.
Drawing on historical precedents and real-time examples like Egypt's currency crisis, she uncovers the fundamental truths about sound money and the pitfalls of fiat currencies.
From the importance of owning physical assets to the hidden risks of inflation, this video offers indispensable knowledge for navigating today's uncertain financial landscape.
Join us as we empower individuals to take control of their financial futures and build resilient communities grounded in sound money principles.
News, Rumors and Opinions Thursday 3-14-2024
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. 14 March 2024
Compiled Thurs. 14 March 2024 12:01 am EST by Judy Byington
Bank Runs Happening, Banks Closing Worldwide, US Government Shutdown Pending and a Global Financial Crash Black Swan Event Expected Around Fri. 15 March.
It’s only wise to have at least a three-week supply of food, water, cash, fuel, medicine and essential items on hand for yourself and to help others in case of a disaster.
Global Currency Reset:
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. 14 March 2024
Compiled Thurs. 14 March 2024 12:01 am EST by Judy Byington
Bank Runs Happening, Banks Closing Worldwide, US Government Shutdown Pending and a Global Financial Crash Black Swan Event Expected Around Fri. 15 March.
It’s only wise to have at least a three-week supply of food, water, cash, fuel, medicine and essential items on hand for yourself and to help others in case of a disaster.
Global Currency Reset:
Wed. 12 March MarkZ: “My Bond Holder had an appointment today and left the appointment with an NDA. …Two Iraqi contacts said that Iraq was absolutely done and they were just waiting for the US Treasury to give them the go. …A Chase Bank story: Guy went into Chase and met privately with a wealth manager. They discussed Iraq Dinar and the manager just came out of his 5th meeting on dinar rates! The guy asked when the manager thought he would see the released Dinar rate? The manager said “in the next three days.”
Tues. 12 March Wolverine Exclusive Leak: 400,000 Wells Fargo Emails Generate Massive Liquidity with Zim Bonds and NESARA! In an unprecedented move that is expected to shake the financial world, Wells Fargo and HSBC are about to begin a massive release of liquidity, a move that is as audacious as it is profitable. This is a secret operation that could change the economic landscape forever. The plan? Sending over 400,000 emails to currency and bond holders, providing them with the golden keys to a treasure that is hiding in plain sight. https://gazetteller.com/insider-info-400000-wells-fargo-hsbc-emails-unleash-financial-redemption-and-skyrocket-zim-bond-wealth/
Wed. 13 March El Salvador drops income tax from 30% to 0% for international investments and money transfers. https://twitter.com/WatcherGuru/status/1767973996199346539
Timeline
Fri. 15 March was the deadline to fund the US Government which, according to the Federal Reserve, was already $34 Trillion in debt, rises by $1 trillion every 100 days and owes Social Security recipients another $175 Trillion, while Biden’s budget includes $289 billion to build illegal migrant’s housing out of his $7.3 Trillion in new spending. The system is unsustainable. Banks can no longer give loans on the fiat US Dollar. Fulford Sources in the Japanese Imperial Family say the 15th is the date for a Financial Black Swan Event.
On Fri. 15 March the US Government would run out of monies, while the new gold/asset-backed US Note could be available to the General Public and 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 will begin.
Mon. 1 April: “FINAL DANCE” MAKE BACKUPS, BE READY: 03/22 – 03/28 …Mr. Pool on Telegram 11 March 2024.
Judy Note: Is Mr. Pool talking about the EBS starting on Fri. 22 March and going to the end of the month? Mon. 1 April is the Julian Calendar New Year’s Day, and perhaps release of the GCR to the General Public.
Sat. 6 April was the date some believe was Christ’s actual birth day.
On Mon. 8 April there was a giant Solar Eclipse on the schedule.
Read full post here: https://dinarchronicles.com/2024/03/14/restored-republic-via-a-gcr-update-as-of-march-14-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I've always said that when it would happen IMO it would be from a Saturday night when you're asleep to when you wake up on Sunday morning. Saturday into Sunday is what I've always said. Sunday into Monday is illogical because that's a second day of the week. The first day of the week is when you would officially kick the football and start the game.
Militia Man Article: "Economics website: A new application enhances investment movement in Iraq" Quote: “...The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.” It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.
This is good increasing the Iraqi dinar against the dollar
Nader: 3-14-2024
CONTROLLED CRISIS EXPOSED: Failed BANKS To Be BOUGHT by Mysterious "BLANK CHEQUE Investor"
Lena Petrova: 3-13-2024
"Tidbits from TNT" Thursday 3-14-2024
TNT:
Tishwash: Central Bank Governor: Establishing basic rules to monitor the remittance process
The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
The media department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.
TNT:
Tishwash: Central Bank Governor: Establishing basic rules to monitor the remittance process
The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
The media department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. link
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Tishwash: Parliamentary Finance: We look forward to coordinating with the Central Bank to increase the value of the dinar and control the market
The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations
The media department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”
Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”
The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.
For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.
Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."
The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law. link
************
CandyKisses: The Oil Committee talks about the latest developments in the oil and gas law legislation
Information / Baghdad...A member of the parliamentary oil and natural resources committee, Bassem Nguemish, announced on Thursday that the competent committees have resolved all technical issues related to the oil and gas law, but stressed that "there are political problems that stand in the way of passing the law.
Ngimish told Al-Maalouma that "technical matters related to the oil and gas law have been resolved, but he suffers from political problems."He stressed "the existence of a previous agreement for the State Administration Coalition to pass the law."
He explained that "the failure to compromise some positions is the main reason behind obstructing the passage of the oil and gas law."He added, "The need for this law requires everyone to overcome differences, and compromise for the sake of the people."
Tishwash: Iraqis in the midst of exchange rate fluctuations: Why do we need the dollar?
Most Iraqis have been trying for a long time to find out why the Iraqi dinar collapsed against the US dollar, while many of them wondered about Iraq’s need for this currency, which has come to control all economic transactions in the country, creating markets that control the exchange rate.
Although Iraq is moving to end the phenomenon of dollarization by preventing dealing in foreign currency in the local market, many citizens complain that their lives have been affected by the dollar and its fluctuation, wondering why it is linked to their economic life to such a large degree.
Citizen Qahtan Raad (43 years old) explains that “trade has become completely and closely linked to the dollar and its exchange rate in the local market.” He stressed, "We as consumers have been suffering for years due to fluctuations in the hard currency exchange rate in the country."
Raad added to (Al-Mada), “Employees’ salaries are in Iraqi dinars, while consumer goods are in US dollars, and this makes us wonder, what is the reason for the existence of this currency that eats away at the bones of Iraq year after year to control its economy?”
the beginning
Economist Duraid Shaker Al-Anazi says, “The pound sterling was the prevailing currency before World War II, and Britain was the leader and its fleet was plowing the seas. The pound sterling had an undisputed and acceptable global economic power. However, World War II, and after the trillions of losses that the world endured as a result of this war, It is a war of civilized countries, in which approximately 70 million citizens were killed, in addition to millions of homes and factories destroyed. It included the entire European continent, along with Great Britain as a Commonwealth country, and even included China and Japan. One of the distant countries that the war did not reach was the United States of America. As it was not the site of war in both the First and Second World Wars, Britain emerged as exhausted as Europe, and the Soviet Union represented an economic power, but it was not effective.
America's opportunity
Duraid added in his interview with (Al Mada), that “Europe began to move towards the Soviet Union, the most recent of which were Greece and Italy, so the US Secretary of State was forced to propose a Marshall Plan to support countries that seemed to have taken a direction to be with the Soviet Union, and they met and revived a new currency, which is the dollar, to become A prevailing currency, next to which is the pound sterling, which was prevalent for decades, and although we rely on the dollar now due to international pressures and global measurements, the pound sterling at that time was pegged with the currency of every country.
Until the time of our exit with the July 14 revolution, the Iraqi dinar was collapsing much more than the collapse of the sterling pound because it Directly linked to it, the dollar occupied first place in the world and policies began to manipulate the economy, finance, and loans.
Global organizations such as the World Bank and the International Monetary Fund were established, and these organizations relied on the dollar in the process of lending, financing, investment, and other economic names. Pointing out, “This process gave the dollar politicians in the dark basements unlimited economic power with which they relied on high rates of conspiracy operations, as the dollar did not leave a respectable paper currency, and this issue shaped foreign and internal economic policies with countries.”
Dollar float
The economist continues, “The dollar went through its biggest crisis when the dollar was floated by Johnson & Johnson, as through the dollar you could buy gold from the world’s banks.” He added, “French President Charles de Gaulle at the time requested an amount of one billion dollars by exchanging it for gold. At that time, there was an undeclared war between America and France over the leadership and leadership of NATO, so upon request there was a process of floating the dollar, and this was a devastating blow to the dollar currency, as it "It began to fluctuate and collapse significantly, in addition to the repercussions on the global economy."
Al-Enezi continues, “After this collapse, the currencies of the world, the global economy, and economic diversification began to increase, and exchange became common and through local currencies and the currencies of neighboring countries, and China and India became active at that time, which are considered the two largest productive and consuming countries, but their currencies at that time were not strong, and at the end of the eighties, the dollar began to weaken.” Its weight in the market was a result of the Soviet alliance with China and Japan, and now, with the same continuity, the euro appeared to us, fighting the dollar and reducing its value, so that the world turned towards the American currency again.
But now, the strongest confrontation in the role is the (BRICS) group, which is about to create a currency to replace the dollar, but this The group is currently meeting for the purpose of issuing this currency.” He stressed, “The dollar is a currency that must be needed for a long time because the global economy and monetary institutions have not found an alternative to it, as they control interest rates and inflation. The strangest thing is that the United States of America is the most indebted country in the world, but the economic power of the dollar still prevails until now.” .
The dollar prevails
While the economic expert, Nabil Al-Marsoumi, discussed the plan for foreign transfers using a basket of currencies and its impact on addressing the dollar crisis in Iraq, during a post on his Facebook page, which Al-Mada viewed; He said: “In the context of researching new measures to control the large discrepancy in the exchange rate of the dollar against the dinar between the official and parallel markets, the Central Bank of Iraq announced the opening of transfer channels in various currencies, including the Emirati dirham, the Turkish lira, the Indian rupee, and the euro for the purpose of facilitating and accelerating financial transactions.”
In theory, it will reduce import costs and protect exchange rates inside Iraq from the risks of fluctuation,” indicating that “there is caution that this mechanism will leave its effects on the Iraqi economy, which will face the risk of rising prices of foreign goods and commodities directly linked to the rise and fall in global dollar prices, as this decision He will face the challenges of the lack of Chinese currency and other currencies in Iraqi banks, which means that the goods that Iraq will buy from China and other countries will be calculated in their currency, but their value will be paid in dollars, because Iraqi banks do not have enough foreign currencies to settle their commercial transactions. The Central Bank has previously decided Dealing directly in trade exchanges with China in the Chinese yuan instead of the dollar.
Currency basket
Al-Marsoumi continued: “Although Iraq began diversifying its cash reserves six years ago, the dollar prevails because oil revenues are in dollars, and it only has a few of the currencies mentioned, as Iraq today is trying to restore the value of the dinar through a strategy that is now being followed by other official banks in the Middle East.” .
He explained, "This strategy includes relying on a basket of currencies, as the authorities seek to provide other foreign currencies for commercial transactions in addition to the US dollar. It is known that many countries have begun taking the same steps that the Central Bank of Iraq is taking, and others have already begun implementing them, as Saudi Arabia issued a decision that includes obtaining... On the Chinese yuan instead of the dollar in exchange for oil sold to China, while Egypt decided to replace guarantee bonds with the yuan instead of the dollar, before Israel followed suit, which also announced the use of the Chinese yuan alongside the Canadian and Australian dollars as a direct alternative to the US dollar.
He continued, "As long as oil is priced in dollars and as long as oil exports dominate Iraqi exports in light of the almost complete disappearance of non-oil exports, it becomes impossible for Iraq to liberate itself from the US dollar, as Iraq ultimately needs the dollar to obtain other currencies, and therefore Iraq's reliance on... “It will not change anything about the yuan and other currencies to finance its foreign trade with China and other countries, and it will remain captive to the dollar.”
He pointed out that "it is uncertain whether adopting a basket of currencies in commercial transactions between Iraq and certain other countries will help overcome the risks of the exchange rate problem, which means that the issue is related to controlling dollar smuggling more than other measures that will save the country's national economy." And avoid any serious financial repercussions.
It is noteworthy that the Central Bank of Iraq decided, in December of the year 2020, to adjust the exchange rate of the US dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance reached 1,450 dinars, while its selling price to banks was 1,460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar. link
Mot: Beeeeeen A Long Winter... Shur Glads Spring acoming
Mot: Soooooooooooo Just Why is ole ""Fred"" Still Single!!??
Iraqis In The Midst Of Exchange Rate Fluctuations: Why Do We Need The Dollar?
Iraqis In The Midst Of Exchange Rate Fluctuations: Why Do We Need The Dollar?
03/13/2024 Al-Mada/ Zulfiqar Yusuf
Most Iraqis have been trying for a long time to find out why the Iraqi dinar collapsed against the US dollar, while many of them wondered about Iraq’s need for this currency, which has come to control all economic transactions in the country, creating markets that control the exchange rate.
Although Iraq is moving to end the phenomenon of dollarization by preventing dealing in foreign currency in the local market, many citizens complain that their lives have been affected by the dollar and its fluctuation, wondering why it is linked to their economic life to such a large degree.
Citizen Qahtan Raad (43 years old) explains that “trade has become completely and closely linked to the dollar and its exchange rate in the local market.” He stressed, "We as consumers have been suffering for years due to fluctuations in the hard currency exchange rate in the country."
Iraqis In The Midst Of Exchange Rate Fluctuations: Why Do We Need The Dollar?
03/13/2024 Al-Mada/ Zulfiqar Yusuf
Most Iraqis have been trying for a long time to find out why the Iraqi dinar collapsed against the US dollar, while many of them wondered about Iraq’s need for this currency, which has come to control all economic transactions in the country, creating markets that control the exchange rate.
Although Iraq is moving to end the phenomenon of dollarization by preventing dealing in foreign currency in the local market, many citizens complain that their lives have been affected by the dollar and its fluctuation, wondering why it is linked to their economic life to such a large degree.
Citizen Qahtan Raad (43 years old) explains that “trade has become completely and closely linked to the dollar and its exchange rate in the local market.” He stressed, "We as consumers have been suffering for years due to fluctuations in the hard currency exchange rate in the country."
Raad added to (Al-Mada), “Employees’ salaries are in Iraqi dinars, while consumer goods are in US dollars, and this makes us wonder, what is the reason for the existence of this currency that eats away at the bones of Iraq year after year to control its economy?”
The beginning
Economist Duraid Shaker Al-Anazi says, “The pound sterling was the prevailing currency before World War II, and Britain was the leader and its fleet was plowing the seas. The pound sterling had an undisputed and acceptable global economic power.
However, World War II, and after the trillions of losses that the world endured as a result of this war, It is a war of civilized countries, in which approximately 70 million citizens were killed, in addition to millions of homes and factories destroyed. It included the entire European continent, along with Great Britain as a Commonwealth country, and even included China and Japan.
One of the distant countries that the war did not reach was the United States of America. As it was not the site of war in both the First and Second World Wars, Britain emerged as exhausted as Europe, and the Soviet Union represented an economic power, but it was not effective.
America's opportunity
Duraid added in his interview with (Al Mada), that “Europe began to move towards the Soviet Union, the most recent of which were Greece and Italy, so the US Secretary of State was forced to propose a Marshall Plan to support countries that seemed to have taken a direction to be with the Soviet Union, and they met and revived a new currency, which is the dollar, to become A prevailing currency, next to which is the pound sterling, which was prevalent for decades,
And although we rely on the dollar now due to international pressures and global measurements, the pound sterling at that time was pegged with the currency of every country.
Until the time of our exit with the July 14 revolution, the Iraqi dinar was collapsing much more than the collapse of the sterling pound because it Directly linked to it, the dollar occupied first place in the world and policies began to manipulate the economy, finance, and loans.
Global organizations such as the World Bank and the International Monetary Fund were established, and these organizations relied on the dollar in the process of lending, financing, investment, and other economic names.
Pointing out, “This process gave the dollar politicians in the dark basements unlimited economic power with which they relied on high rates of conspiracy operations, as the dollar did not leave a respectable paper currency, and this issue shaped foreign and internal economic policies with countries.”
Dollar float
The economist continues, “The dollar went through its biggest crisis when the dollar was floated by Johnson & Johnson, as through the dollar you could buy gold from the world’s banks.” He added, “French President Charles de Gaulle at the time requested an amount of one billion dollars by exchanging it for gold.
At that time, there was an undeclared war between America and France over the leadership and leadership of NATO, so upon request there was a process of floating the dollar, and this was a devastating blow to the dollar currency, as it "It began to fluctuate and collapse significantly, in addition to the repercussions on the global economy."
Al-Enezi continues, “After this collapse, the currencies of the world, the global economy, and economic diversification began to increase, and exchange became common and through local currencies and the currencies of neighboring countries, and China and India became active at that time, which are considered the two largest productive and consuming countries, but their currencies at that time were not strong, and at the end of the eighties, the dollar began to weaken.”
Its weight in the market was a result of the Soviet alliance with China and Japan, and now, with the same continuity, the euro appeared to us, fighting the dollar and reducing its value, so that the world turned towards the American currency again.
But now, the strongest confrontation in the role is the (BRICS) group, which is about to create a currency to replace the dollar, but this The group is currently meeting for the purpose of issuing this currency.”
He stressed, “The dollar is a currency that must be needed for a long time because the global economy and monetary institutions have not found an alternative to it, as they control interest rates and inflation.
The strangest thing is that the United States of America is the most indebted country in the world, but the economic power of the dollar still prevails until now.”
The dollar prevails
While the economic expert, Nabil Al-Marsoumi, discussed the plan for foreign transfers using a basket of currencies and its impact on addressing the dollar crisis in Iraq, during a post on his Facebook page, which Al-Mada viewed; He said:
“In the context of researching new measures to control the large discrepancy in the exchange rate of the dollar against the dinar between the official and parallel markets, the Central Bank of Iraq announced the opening of transfer channels in various currencies, including the Emirati dirham, the Turkish lira, the Indian rupee, and the euro for the purpose of facilitating and accelerating financial transactions.”
In theory, it will reduce import costs and protect exchange rates inside Iraq from the risks of fluctuation,” indicating that “there is caution that this mechanism will leave its effects on the Iraqi economy, which will face the risk of rising prices of foreign goods and commodities directly linked to the rise and fall in global dollar prices,
As this decision He will face the challenges of the lack of Chinese currency and other currencies in Iraqi banks, which means that the goods that Iraq will buy from China and other countries will be calculated in their currency, but their value will be paid in dollars, because Iraqi banks do not have enough foreign currencies to settle their commercial transactions.
The Central Bank has previously decided Dealing directly in trade exchanges with China in the Chinese yuan instead of the dollar.
Currency basket
Al-Marsoumi continued: “Although Iraq began diversifying its cash reserves six years ago, the dollar prevails because oil revenues are in dollars, and it only has a few of the currencies mentioned, as Iraq today is trying to restore the value of the dinar through a strategy that is now being followed by other official banks in the Middle East.” .
He explained, "This strategy includes relying on a basket of currencies, as the authorities seek to provide other foreign currencies for commercial transactions in addition to the US dollar. It is known that many countries have begun taking the same steps that the Central Bank of Iraq is taking, and others have already begun implementing them, as Saudi Arabia issued a decision that includes obtaining... On the Chinese yuan instead of the dollar in exchange for oil sold to China, while Egypt decided to replace guarantee bonds with the yuan instead of the dollar, before Israel followed suit, which also announced the use of the Chinese yuan alongside the Canadian and Australian dollars as a direct alternative to the US dollar.
He continued, "As long as oil is priced in dollars and as long as oil exports dominate Iraqi exports in light of the almost complete disappearance of non-oil exports, it becomes impossible for Iraq to liberate itself from the US dollar, as Iraq ultimately needs the dollar to obtain other currencies, and therefore Iraq's reliance on... “It will not change anything about the yuan and other currencies to finance its foreign trade with China and other countries, and it will remain captive to the dollar.”
He pointed out that "it is uncertain whether adopting a basket of currencies in commercial transactions between Iraq and certain other countries will help overcome the risks of the exchange rate problem, which means that the issue is related to controlling dollar smuggling more than other measures that will save the country's national economy." And avoid any serious financial repercussions.
It is noteworthy that the Central Bank of Iraq decided, in December of the year 2020, to adjust the exchange rate of the US dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance reached 1,450 dinars, while its selling price to banks was 1,460 dinars per dollar, while the selling price to the citizen was 1470 dinars per dollar. https://almadapaper.net/view.php?cat=308912%3Cbr%3E%3Cbr%3E
Goldilocks' Comments and Global Economic News Wednesday Evening 3-13-24
Goldilocks' Comments and Global Economic News Wednesday Evening 3-13-24
Good Evening Dinar Recaps,
Our Consumer Price Index (CPI) came in higher yesterday than expected. This does not increase our chances of lowering interest rates early this year. The price on goods and services are still high and interest rates along with them made it even higher.
If this persists, it could lead to deflation. A slowing economy is not good for the markets, consumers, or companies.
During deflation, consumers tend to buy gold as well as investors to protect them from a slowing economy and the debasement of their country's currency.
Cryptocurrencies that have a limited number of supply tend to do well along with a backing of gold to support them.
Goldilocks' Comments and Global Economic News Wednesday Evening 3-13-24
Good Evening Dinar Recaps,
Our Consumer Price Index (CPI) came in higher yesterday than expected. This does not increase our chances of lowering interest rates early this year. The price on goods and services are still high and interest rates along with them made it even higher.
If this persists, it could lead to deflation. A slowing economy is not good for the markets, consumers, or companies.
During deflation, consumers tend to buy gold as well as investors to protect them from a slowing economy and the debasement of their country's currency.
Cryptocurrencies that have a limited number of supply tend to do well along with a backing of gold to support them.
We are heading into a strong headwind economically, our tokenized assets "digital gold" will become the bridge into the new economy.
The demand for cryptos supported by gold will provide the new liquidity into the new Digital Financial System offering us the opportunity to reverse our current Financial forecast as we transition into the new digital asset-based trading system. BIS
© Goldilocks
~~~~~~~~~~
"Stablecoin sandbox launches in Hong Kong, as companies make plans for cryptocurrencies pegged to local currency"
© Goldilocks
~~~~~~~~~~
"The Hong Kong Monetary Authority launched a plan to trial stablecoins, announced in December, for companies with a ‘genuine interest’ in fiat-backed crypto."
Trial periods can last anywhere from 30 to 60 days. This marks an important event for the world to see if Stablecoins backed by gold and other commodities have the potential to move our economy into a gold standard based on digital assets and new banking protocols designed for a digital economy guided by artificial intelligence.
If this is successful, we will begin to see many Stablecoins enter into the Global Market. It will begin to create price pressures on our paper currency.
We will first see a stabilization of currency prices reverse current trends, and move or monetary system into real values. It is a strong headwind ahead of us, but the work put into this new digital global economy is about to be tested inside the real world. Reversals don't happen overnight. Patience and endurance are definitely needed at this time.
India's Unified Ledger is expected to be a part of this trial along with the Shanghai Exchange. The Chinese Rememidi will serve as a part of this testing.
The HKMA will use this sandbox testing to share ideas on supervisory expectations. It will serve as guidance on the issuance of fiat-referenced Stablecoins in Hong Kong.
As you can see, the Eastern half of our world is beginning to make its move into the new QFS. By the time this testing is complete, Global cryptocurrency regulations are expected to be finished by Europe through MICA. SCMP SCMP 2
We are in the calm before the storm.
© Goldilocks
~~~~~~~~~~
In 2019, China began piloting its central bank digital currency, known as the e-CNY. After a slow start, uptake has accelerated rapidly, with 26 cities serving as test beds and 5.6 million merchants registered to use the currency nationwide as of last year. Its implementation has gone into overdrive in 2023.Oct 10, 2023 SCMP
~~~~~~~~~~
The Hong Kong Monetary Authority (HKMA) announced today (12 March) the launch of the stablecoin issuer sandbox arrangement. | HKMA 18 hours ago
~~~~~~~~~~
RBI in discussions with US, Hong Kong, Swift on digital bank payments | Finance News - Business Standard
~~~~~~~~~~
~~~~~~~~~~
The Digital Rupee (e₹) or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC).| Wikipedia
~~~~~~~~~~
FDIC official urges better digital asset policy to maintain US influence | CoinTelegraph
~~~~~~~~~~
"From March 11 to 15, securities companies will conduct a trial of order placement and trading activities to guarantee seamless operation, simulating a normal trading day."
Vietnam's version of the QFS (Ho Chi Minh Stock Exchange) is currently on a trial run heading towards implementation. Yesterday, we saw where many of the United States companies were doing Global testing as well.
The QFS is currently in experimentation, and the knowledge we gain from these testing periods will provide insight for us to move forward.
© Goldilocks
https://vietnamnews.vn/economy/1651309/hose-starts-trial-run-of-new-krx-technology-system-on-march-4.html
Vietnam News
~~~~~~~~~~
US Spot Bitcoin ETFs Coming to India From Crypto Investment Platform: Report | CryptoPotato
~~~~~~~~~~
UE: new regulation for sanctions, focus on cryptocurrencies | Cryptonomist
~~~~~~~~~~
Beneath the Skin of CPI Inflation, February: Inflation Saga far from Over, Core CPI & Core Services in Ominous 6-Month Trend | Wolf Street
~~~~~~~~~~
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More News, Rumors and Opinions Wednesday Afternoon 3-13-2024
KTFA:
Clare: A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues
3/13/2024 Al-Geneina (Basra) 964
Today, Wednesday, the Basra Office for Article 140 invited citizens benefiting from Package 1 to Package 21 to come to the office building in Al-Geneina in central Basra for the purpose of receiving the instruments for receiving their entitlements.
Dhikra Al-Taie - Director of Implementation of Article 140 in Basra, for the 964 Network :
We launched a call to beneficiary citizens to come to the Article 140 Basra office for the purpose of signing written pledges before receiving the instrument of the amount disbursed to them.
There is concern from some citizens about the annual update we conduct on people who have not received the checks, but we conduct it to ensure the rights of everyone.
KTFA:
Clare: A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues
3/13/2024 Al-Geneina (Basra) 964
Today, Wednesday, the Basra Office for Article 140 invited citizens benefiting from Package 1 to Package 21 to come to the office building in Al-Geneina in central Basra for the purpose of receiving the instruments for receiving their entitlements.
Dhikra Al-Taie - Director of Implementation of Article 140 in Basra, for the 964 Network :
We launched a call to beneficiary citizens to come to the Article 140 Basra office for the purpose of signing written pledges before receiving the instrument of the amount disbursed to them.
There is concern from some citizens about the annual update we conduct on people who have not received the checks, but we conduct it to ensure the rights of everyone.
Updating the information is important in order to ensure that the person has not died, and if he is deceased, his family members must bring a legal certificate to guarantee their full rights, or in the event of a divorce, bring a divorce document in order to guarantee the beneficiary or beneficiary.
There is great momentum in the transactions of those included in Article 140, and there are some transactions that have been promoted for 5 years. LINK
Clare: An independent representative stresses the need to legislate the oil and gas law
3/13/2024
Information/Baghdad…
Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law.
Al-Shibli told Al-Maalouma, “The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”
He added, “The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law.”
He pointed out “the difficulty of resolving the problems with the region without the oil and gas law,” noting that “11 amendments were made to the law.”
Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form.
After 18 years ,he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed.
The representative stressed that “there is a real will in the House of Representatives to legislate the law.
Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.” LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Paulette This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD. What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD. We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency.
Frank26 We were looking for 1,200 or 1,000 [to 1 USD] but I don't think we're going to see it...We haven't seen a single pip movement ...It's possible they may be looking at $1.10, $1.20 or $1.30...Let's see where they enter the basket. I'd love for them enter at 1320 because that means we're ready. I don't think there's any more preparation is required...I believe they have the potential to cap it at about $4.25 [in the float].
IMPORTANT UPDATES! The U.S. Dollar Threat Is Growing RAPIDLY... Expect MORE PEOPLE TO D!E.
Greg Mannarino: 3-13-2024