More News, Rumors and Opinions Sunday Night 3-17-2024
KTFA:
Clare: From X: TRANSLATION:
International Development Bank
@IDB_Iraq
From Baghdad to China, in a maximum of 3 days!
The International Development Bank provides money transfer services to companies and merchants to China in the Yuan ¥ currency and at preferential rates.
With the International Development Bank; Transfer your money easily and quickly!
#Corporate_account
#International_Development_Bank
KTFA:
Clare: From X: TRANSLATION:
International Development Bank
@IDB_Iraq
From Baghdad to China, in a maximum of 3 days!
The International Development Bank provides money transfer services to companies and merchants to China in the Yuan ¥ currency and at preferential rates.
With the International Development Bank; Transfer your money easily and quickly!
#Corporate_account
#International_Development_Bank
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq was on TV Channel One talking...with the United States Treasury on reconsidering sanctions on our banks. FRANK: He's going over there to tell them about the new exchange rate...
Mnt Goat I have to say that the CBI cannot turn back from all the progress already made. Also remember that the citizens of Iraq are reading all these articles too about increasing the value of the dinar and so it is way beyond the point of returning to the same old, same old...Remember two things if nothing else: 1. It’s not IF but WHEN this event is going to happen and; 2. It has to happen and soon.
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TNT:
Tishwash: Ramadan without high prices.. Economy Parliament acknowledges the government’s success in controlling the market
Today, Sunday (March 17, 2024), the Parliamentary Economy and Trade Committee confirmed the success of the Iraqi government, headed by Muhammad Shiaa Al-Sudani, in controlling food prices during the month of Ramadan.
Committee member Ruqaya al-Nouri told Baghdad Today, “The various government efforts of the Ministry of Commerce, security agencies, and other regulatory bodies have greatly succeeded in controlling food prices, preventing any manipulation of those prices, controlling the market, and preventing any exploitation of citizens.”
Al-Nouri stated that “the follow-up and monitoring campaign for all markets is ongoing and is not limited only to the beginning of the month of Ramadan, but rather it is ongoing and there are arrest campaigns for some who tried to manipulate prices, and the imposition of the law pushed to control the market and prevent cases of manipulation that occurred every Ramadan during the past years.” By some greedy people."
Through several measures, the relevant government agencies were able to reduce the prices of meat, which is the most prominent commodity whose prices rose during the past weeks and reached 25 thousand dinars for a kilo of lamb, and 20 thousand for veal, before prices dropped to between 12 and 18 thousand dinars for veal and lamb. link
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Tishwash: Ministry of Oil: We are keen to accelerate the implementation of optimal investment plans for oil and gas wealth
The Ministry of Oil confirmed, on Sunday, its keenness to accelerate the implementation of plans for optimal investment of oil and gas wealth.
The Ministry stated in a statement, seen by Al-Iqtisad News, that “The Director General of the Central Oil Company, one of the formations of the Ministry of Oil, Muhammad Yassin, confirmed during his inspection of the development work of the (Al-Khasham Al-Ahmar and Galabat) fields in Diyala Governorate, the keenness of the Ministry of Oil and the company to accelerate the implementation of plans.”
“Optimal investment of oil and gas wealth, by providing the appropriate investment environment for the work of international companies that won the fifth licensing rounds to develop oil and gas fields and sites.”
He added, "This visit comes within the directives of the Minister of Oil aimed at following up on the direct operations to develop and rehabilitate the Khashm al-Ahmar and Galabat fields in order to invest good quantities of gas by the Emirati company Al Hilal, which won the development of the two fields, within the dates and commitments to the development plans, all the way to production." Pointing out the importance of "developing these fields in adding new quantities of oil and gas to national production."
The statement explained, “The company’s general director held a meeting with the security leaders in the governorate, with the aim of security coordination and cooperation in this field,” noting that “the general director was accompanied on his inspection tour by a number of directors of the relevant technical bodies and departments, and a representative of the Emirati company Al Hilal, the developer of the two aforementioned fields link
BRICS Currency to Overtake US dollar: De-dollarization start!
Fastepo: 3-17-2024
The global economy has long operated under the hegemony of the US dollar and other major Western currencies. This dominance might soon be contested if the BRICS nations—Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, UAE and Saudi Arabia—have their way.
The proposition of a BRICS currency signals a desire for a seismic shift in economic power dynamics, challenging the traditional reliance on Western financial systems.
At the heart of this movement is a shared motivation among the BRICS nations to insulate their economies from the fluctuations of the dollar exchange rate and to assert greater economic independence what is also known as “de-dollarization”.
This call for change was echoed by Brazil's President at the last BRICS summit in Johannesburg, where he advocated for a common currency for trade and investment within the bloc, aiming to "increase our payment options and reduce our vulnerabilities," as reported by Reuters.
With the dollar accounting for a significant portion of global foreign exchange reserves and being the principal currency in international transactions, any shift away from it would have considerable implications.
The BRICS nations, particularly Russia and China, have openly criticized the dollar's dominance and have taken steps toward using their national currencies for cross-border transactions.
In this video, we will explore everything about the BRICS currency, including its current status and future prospects, Currency Swap Agreements and overall impact of the currency on global economy to geopolitical perspectives.
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Good Evening Dinar Recaps,
We have three countries making Monetary Policy shifts to their currencies. Each of these shifts involves a lesser dependence upon the dollar. Movement into their own local currency backed by the integration into a Digital Gold Backed International Standard will enable them to strengthen their currencies' values going forward.
Nigeria has just filled out an application to join the BRICS Nations. They have already moved their currency to a supply and demand policy enabling them to trade their currency on the local level with other nations.
Nigeria has a huge supply of oil to trade that will collateralize their currencies' movement into the BRICS Nations and trade with Saudi Arabia under the guidelines of a local currency trade policy.
Israel is going digital. They are currently in a pilot study to determine policy changes to their currency. Currently, the Israeli shekel can be owned by private VIP persons and Institutions at this time, but their shift into a new digital economy is forthcoming once this sandbox test determines new regulations for their distribution.
Goldilocks' Comments and Global Economic News Sunday Evening 3-17-24
Good Evening Dinar Recaps,
We have three countries making Monetary Policy shifts to their currencies. Each of these shifts involves a lesser dependence upon the dollar. Movement into their own local currency backed by the integration into a Digital Gold Backed International Standard will enable them to strengthen their currencies' values going forward.
Nigeria has just filled out an application to join the BRICS Nations. They have already moved their currency to a supply and demand policy enabling them to trade their currency on the local level with other nations.
Nigeria has a huge supply of oil to trade that will collateralize their currencies' movement into the BRICS Nations and trade with Saudi Arabia under the guidelines of a local currency trade policy.
Israel is going digital. They are currently in a pilot study to determine policy changes to their currency. Currently, the Israeli shekel can be owned by private VIP persons and Institutions at this time, but their shift into a new digital economy is forthcoming once this sandbox test determines new regulations for their distribution.
And Japan, they are finally moving from negative rates to positive rates. A country's currency will rise in value when interest rates are allowed to move into positive interest flows. Because higher rates will attract more foreign capital, capital inflows result in a buildup of foreign exchange reserves.
The build-up of foreign exchange reserves will allow their country to purchase their own domestic currency at a favorable value.
A diversified portfolio of currencies held within a country minimizes risk should challenges to the World Economy begin to take shape.
"The Japanese Basel framework is compliant with the Global Standard agreed by the Basel Committee." Their implementation of Basel 3 compliance is expected to begin on March 31st, 2024.
Japan's full implementation into Basel 3 compliance will enable them to ride the waves of change as our Global Economy becomes more and more of a Digital Gold Standard through the continued expansion of Protocol 20 inside a Digital Economy.
© Goldilocks
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ERBIL, Kurdistan Region - "Ali Mohsen al-Alaq, Governor of the Central Bank of Iraq (CBI), said on Thursday that the US has agreed to review recent sanctions on Iraqi banks, adding that in the future, similar punitive measures will be taken in consultation with Baghdad."
Do you see what is happening? Iraq is beginning to assume their own Sovereignty going forward. These US sanctions have kept Iraq from moving forward with their economic reforms on the International level, and now, we are witnessing final reviews of Iraq's sanctions.
Once these are released, Iraq will be able to move forward with many of the rest of their economic reforms to connect with other countries on the International stage in trade and development.
The ability for Iraq to move freely within their own banking system will give Iraq currency ranges to work from in determining exchange rates between other countries.
The ability to trade in Iraqi Dinars instead of the dollar will give them purchasing power and control going forward. RUDAW
© Goldilocks
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BREAKING NEWS
RUSSIAN FINANCE MINISTER SAYS THE BRICS GROUP OF NATIONS CAN EVENTUALLY SWITCH TO A NEW PAYMENT SYSTEM BASED ON DIGITAL CURRENCIES OR USE BLOCKCHAIN
There it is. It's all out in the open. Read: Gold Telegraph
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Migrants Could Get $500 a Month Under New Bill | Newsweek
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US Banks See Large Deposit Inflows As Bailout Fund Expires, RRP Liquidity Plunges | ZeroHedge
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SEPA Payment System for the Euro Zone Announcement:
Migration of the SEPA payment schemes to the 2019 version of ISO 20022 postponed to Sunday 17 March 2024
Since the end of March 2023, the European Payments Council (EPC) has closely monitored the SEPA payment scheme participants’ preparations to migrate the four SEPA payment schemes (i.e. the SEPA Credit Transfer (SCT), SEPA Instant Credit Transfer (SCT Inst), SEPA Direct Debit Core (SDD Core) and SDD Business-to-Business (SDD B2B) schemes) to the 2019 version of the ISO 20022-based XML messaging standard, originally envisaged for 19 November 2023.
This means that all four 2023 SEPA payment scheme rulebooks and related implementation guidelines (IGs) will enter into force on Sunday 17 March 2024.
With respect to the entry-into-force time of the 2023 SCT Inst scheme rulebook, it is now set at Sunday 17 March 2024 at 03H30 CET. This new entry-into-force time will be preceded by a SEPA-wide 30-minute downtime period from 03H00 CET up to 03H30 CET.
SEPA payments are cashless payments in Euro currency that are processed via the Single Euro Payments Area network to facilitate cross-border bank transfers in 36 Eurozone and non-euro area countries. The SEPA payment method makes cross-border transfers fast and cost-effective.
European Payments Council Tipalti
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BRICS Unites Against Dollar: Russia's Move to Embrace DFAs | Crypto News Flash
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Crucial Russian sovereign bond payment received by JPMorgan, processed -source | Finance Yahoo
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SILVER RED ALERT! 76.3Moz of Silver Imported by India in FEBRUARY!! Game Over RIGGERS! (Bix Weir) | YouTube
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Evidence is mounting that many Americans have reached their limit for tolerating higher prices, raising questions about how much consumer expenditures will continue to power US economic growth this year. West Observer
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World Shipping Council Announcement:
A new cargo safety program is being implemented by the World Shipping Council to promote safety features added to the new digital platform for the shipment of dangerous goods being sailed across the waters. The National Cargo Bureau will be heading up these new initiatives. India Shipping News
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Digital Markets Act Announcement:
Following the EU’s continued doubling-down on the implementation of the Digital Markets Act (DMA), it looks like Google has finally begun giving Pixel users an option to change the default search engine on their phones, based on a new report online. PH Android
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BIS’s New Global Agenda: Tokenization and Digital Ownership of Your Assets | YouTube
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Swiss digital identity law approved by parliament lower house | Biometric Update
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I understand that many people come to this room in hopes of being able to discuss some of their ideas. It's just not that kind of room due to the fact that there are many false narratives at play during the end game.
I keep it this way for a reason. There are a lot of people out there looking for dates and rates and supporting narratives that will give them encouragement for what they are looking for in the near term. I just don't want to put you through all of that and mix up your mind and emotions with thoughts that don't need to be inside you.
I will let you know when I see rate changes. And, I do have very high sources that will enable me to give you that information as soon as it comes out. It costs you nothing to be in this room, but I do hope you do your own research after I make comments in the links that are provided for you.
You will find that I have a reason to say what I say to you coming from sources such as digital developers on the new economy, government resources, lawyer resources, Banking resources, and trading resources. These are the sources of information that will let us know what is being done behind the scenes for us to get to that exchange rate process.
Have a wonderful Sunday, my friends.
© Goldilocks
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I have noticed that a great interest in my sources of information provided for you the last two and a half years is growing in this room and my Goldilocks Highlights room. When you put the two rooms together, there are over 13,000 people who come to look for this information on a daily basis.
Dee, my friend, has put this information out for a very long time. Her commitment to sharing truthful information with many of you has been met with great energy and effort. Thank You Dee. Your tireless efforts are a great encouragement for me.
This is not counting what the Q&A Room does in explaining and breaking down this information in that room along with the Truth Teller Room on Telegram. Freedom Fighter is a man who clearly wants people to have information that will provide empowerment to their well-being and financial success.
I want to thank Freedom Fighter for all the work that he does to keep these rooms going along with him and Jester who provide quality information beyond what I say on Saturday Night Live.
Jester has proven himself to be accurate in his findings and revelations from his high-level sources on what is going on in the Global Economy for years. He has a couple of rooms here on Telegram, but the one I am most aware of is his Jester's Intel Hub. You have been my inspiration for a very long time my friend.
And most of all, none of this growth would have been possible without Salty Toes who runs the Seeds of Wisdom website bringing all of us together as a group of teachers willing to share insights on what we know.
The Seeds of Wisdom Team recently had a contest to help others in need of care. It involved all of the people who are leaders in sharing information from this group. The following list is made up of those who share information from the Seeds of Wisdom Team.
The results are as follows:
THE LIVING ROOM W/ ELEPHANT IN THE ROOM WHO WINS BY A NOSE
2nd Texas Snake
3rd Q&A w/ Freedom Fighter
HONORABLE MENTION
* 4th - Goldilocks
* 5th - Back to Basics
* 6th - Bob Lock
* 7th - Isaac
* 8th - Jesters Hub
* 9th - Pets
* 10th - Prayers & Encouragement
* 11th - Okie
I am told that Elephant in the Room only one this race because she outstretched her long nose at the finish line. 😉
© Goldilocks
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Thank you Dinar Recaps -- www.DinarRecaps.com
Global Financial Institutions Participate in Large-scale Blockchain Pilot Test
Global Financial Institutions Participate in Large-scale Blockchain Pilot Test
Saturday, 16 March 2024, 21:37 PM
Since the Canton Network’s inception, 155 participants from 45 major organizations have settled real-world assets across 22 blockchains. Current participants of the Canton Network include Deloitte, Deutsche Börse, Microsoft, Moody’s and S&P Global.
Major financial institutions, including Goldman Sachs, BNY Mellon and Cboe Global Markets, have completed a large-scale pilot test using blockchain technology.
According to a March 12 Bloomberg report, 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, which was launched in May 2023 by startup Digital Asset Holdings. The pilot test included 15 asset managers, 13 banks, four custodians, three exchanges and the stablecoin issuer Paxos Trust.
Global Financial Institutions Participate in Large-scale Blockchain Pilot Test
Saturday, 16 March 2024, 21:37 PM
Since the Canton Network’s inception, 155 participants from 45 major organizations have settled real-world assets across 22 blockchains. Current participants of the Canton Network include Deloitte, Deutsche Börse, Microsoft, Moody’s and S&P Global.
Major financial institutions, including Goldman Sachs, BNY Mellon and Cboe Global Markets, have completed a large-scale pilot test using blockchain technology.
According to a March 12 Bloomberg report, 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, which was launched in May 2023 by startup Digital Asset Holdings. The pilot test included 15 asset managers, 13 banks, four custodians, three exchanges and the stablecoin issuer Paxos Trust.
In its announcement the same day, the Canton Network said that 155 participants from 45 major organizations have since demonstrated settlement across 22 permissioned blockchains connected to its ledger. The firm stated:
“Over a four-day period, participants were invited to try 22 dApps comprising five fund registries, five cash registries, three bond registries, three trading, four margin, and two financing apps, to exchange tokenized securities, money market funds, and deposits across applications.”
The Canton Network is a privacy-enabled interoperable blockchain network designed for institutional investors. In part, the blockchain allows financial institutions to move regulated assets, data and cash between each other in real time.
“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.”
Current participants of the Canton Network include Deloitte, Deutsche Börse, Microsoft, Moody’s and S&P Global.
Over the past year, tokenization has garnered significant interest from institutional investors and celebrities alike. On Feb. 7, the Hong Kong subsidiary of Swiss multinational bank UBS tokenized an options call warrant of Chinese smartphone giant Xiaomi’s stock on Ethereum together with local crypto exchange OSL.
A few weeks later, Argentine soccer legend Lionel Messi announced the release of a tokenized product in partnership with Join The Planet, an environmental nonprofit organization behind the PLANET token.
"Tidbits From TNT" Sunday 3-17-2024
TNT:
CandyKisses: A representative stresses the importance of legislating the law on removing foreign forces
Information / Baghdad..
Today, Sunday, a member of the House of Representatives, MP Muhammad Al-Ziyadi, stressed the necessity of legislating a law to remove foreign forces from Iraq.
Al-Ziyadi told Al-Maalouma, "The removal of foreign forces of all types and names has become a national demand, and that legislating the law to remove these forces is binding on all political forces, and it is not limited to a specific group or component."
He added, "The presence of these forces in Iraq violates national sovereignty, so legislating the law to remove foreign forces has become a national necessity."
TNT:
CandyKisses: A representative stresses the importance of legislating the law on removing foreign forces
Information / Baghdad..
Today, Sunday, a member of the House of Representatives, MP Muhammad Al-Ziyadi, stressed the necessity of legislating a law to remove foreign forces from Iraq.
Al-Ziyadi told Al-Maalouma, "The removal of foreign forces of all types and names has become a national demand, and that legislating the law to remove these forces is binding on all political forces, and it is not limited to a specific group or component."
He added, "The presence of these forces in Iraq violates national sovereignty, so legislating the law to remove foreign forces has become a national necessity."
He pointed out that "the political forces have authorized the Sudanese government and granted it full powers to manage discussions with the international coalition led by the United States of America to schedule the withdrawal, stressing the importance of "legislating the law to be supportive of the government in its negotiations."
CandyKisses: Strike in Sulaymaniyah traffic due to delayed payment of salaries
Baghdad Today - Sulaymaniyah
An informed source reported on Sunday (March 17, 2024) that Sulaymaniyah governorate traffic employees boycotted work due to the delay in paying their salaries.
The source said in an interview with "Baghdad Today" that "according to information, the employees of the Sulaymaniyah Traffic Directorate announced, this morning, a strike from work."
"The reason for the boycott is the delay in the payment of their salaries, despite the money being sent by Baghdad," he said.
This strike is not the first of its kind, as the employees of the Sulaymaniyah Traffic Directorate announced, on Sunday (January 28, 2024), a strike from work, and the work and transactions of citizens have stopped, due to the non-payment of salaries.
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CandyKisses: Within a week. Iraq's oil exports to the US decline
Economy News - Baghdad
The U.S. Energy Information Administration announced on Sunday that Iraq's oil exports to the United States have declined over the past week.
"The average US imports of crude oil during the past week from 8 major countries amounted to 4.691 million barrels per day, down by one million and 92 thousand barrels per day from the previous week, which amounted to 5.783 million barrels per day," a management table showed.
"Iraq's oil exports to the United States amounted to 93,000 barrels per day last week, down by 83,000 barrels per day from the previous week, which amounted to 176,000 barrels per day," she said.
"The most oil revenues for America during the past week came from Canada at a rate of 3.458 million barrels per day, followed by Mexico with an average of 303,000 barrels per day, and from Brazil at a rate of 272,000 barrels per day," the administration said.
According to the table, "the amount of US imports of crude oil from Saudi Arabia was at a rate of 265,000 barrels per day, from Nigeria at a rate of 132,000 barrels per day, from Ecuador at a rate of 102,000 barrels per day, and from Libya at a rate of 66,000 barrels per day."
According to the table, the United States did not import any quantity from Colombia and Russia.
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CandyKisses: Investment confirms the adoption of a new method in new residential cities and clarifies its details
Economy News - Baghdad
The National Investment Authority confirmed that Prime Minister Mohammed Shia Al-Sudani provided full support to Hanwa Company for the completion of the city of Bismayah, and while it counted the new housing projects to be established in Baghdad, it confirmed the adoption of a new method and clarified its details.
The official spokesman for the National Investment Commission, Muthanna Al-Ghanmi, said in a statement reported by the official news agency, and seen by "Economy News", that "the Commission signed a contract with the Korean Hanwha Company under the auspices of Prime Minister Muhammad Shia Al-Sudani to complete the city of Bismayah, and this contract was a gateway to the real start of the return of business within the city," indicating that "the city is considered one of the largest development and investment projects in Iraq and includes more than 100 thousand housing units."
He added that "the number of inhabited units is 20,000 units," noting that "there are 9,480 new housing units distributed ready-made and completed to citizens, and the number of 1,440 units remained, of which more than 8,000 units."
He stated that "the authority announced in more than one meal the names of those eligible to receive these housing units for applicants to purchase units in the years 2021, 2022, the first month and the second month of 2023," explaining that "the company's president provided the Prime Minister with full readiness to complete the new housing units, which number 70,000 housing units."
He stressed that "meals will be announced from the names of those eligible successively, up to the last housing unit of the final total of more than 8,000 housing units currently working on," noting that "after that we will move to the new contract for the implementation of 70,000 housing units and thus complete the picture with a hundred thousand housing units for the Bismayah city project."
He stated that "Hanwa Company has solid projects and works in several countries, through the establishment of units and major projects in the residential and non-residential sector and even electric power plants through waste incineration technology and investment," pointing out, "It is one of the companies that entered Iraq at a difficult time and deserves all support, as the Prime Minister pledged to support this company as long as there is achievement, accuracy and great satisfaction by citizens."
He pointed out that "the residential city of Al-Jawahiri was announced, and the National Investment Commission announced last June the city of Ali Al-Wardi, where the tenders were opened last August, and were referred to the companies that won the bids and analyzes according to the conditions and specifications mentioned in the announcement."
"There are residential cities announced in Baghdad, namely Bismayah, New Sadr City, New Jawahiri City and New Ali Wardi City, as well as 15 cities distributed across all provinces from north to center and south," he said.
He stressed that "the National Investment Commission will announce investment opportunities immediately after the completion of the procedures related to surveys, land acquisitions and auditing," pointing to "the adoption of a new investment method by the Prime Minister and the Chairman of the National Investment Commission in new residential cities, including the city of Ali Al-Wardi, which will include from 120 to 150 thousand housing units, as it will grant 25 percent of its units to the state for free, including it will be distributed to citizens in two parts, either free of charge for vulnerable and vulnerable groups, and another part in installments over a long term of 20-25 One year, while the rest of the housing units will be for the investor and the company."
He stated that "the state will intervene by setting prices to prevent the process of speculation and gain at the expense of the citizen," noting that "this method has not been raised since the establishment of the Investment Authority and the legislation of its law in 2006
Mot: May The Road Rise Up To Meet You !!!!.................
Mot: Recently at an Irish Wedding...........
Mot: Conventional Irish Wisdom!!!!...................
News, Rumors and Opinions Sunday AM 3-17-2024
Stock Market Crash Alert for March 20
Sunday, 17 March 2024, 0:18 AM
All eyes are on the Fed ahead of its March policy meeting
By Shrey Dua, Investor Place Assistant News Writer
Wall Street is abuzz ahead of the March Federal Reserve policy meeting, set for March 19 through March 20.
With inflation proving stubborn and the labor market holding strong, the Fed is expected to hold rates steady.
The central bank will likely shed light on its anticipated rate-cut schedule as it approaches the middle of 2024.
Stock Market Crash Alert for March 20
Sunday, 17 March 2024, 0:18 AM
All eyes are on the Fed ahead of its March policy meeting
By Shrey Dua, Investor Place Assistant News Writer
Wall Street is abuzz ahead of the March Federal Reserve policy meeting, set for March 19 through March 20.
With inflation proving stubborn and the labor market holding strong, the Fed is expected to hold rates steady.
The central bank will likely shed light on its anticipated rate-cut schedule as it approaches the middle of 2024.
Fears of a stock market crash are swirling ahead of the Federal Reserve’s upcoming Federal Open Market Committee (FOMC) meeting, set for March 19 through March 20. Indeed, economists and analysts have been waiting for the second policy meeting of the year as high interest rates continue to bear down on the economy.
What should you expect this time around?
Well, not a rate cut. Despite the pleas of much of Wall Street, the central bank is expected to hold rates steady next week, as inflation proves more stubborn than expected.
The Consumer Price Index (CPI) and Producer Price Index (PPI) reports — released on March 12 and March 14, respectively — showed hotter-than-expected inflation. That is suggesting the final leg of the war on inflation may prove difficult.
With inflation still above the Fed’s long-stated 2% goal, it’s unlikely for the central bank to move to lower rates, especially with the economy holding strong in most regards.
In fact, the strength in the labor market so far this year has given the Fed even more leeway to hold off on cutting rates for a bit longer without fear of economic repercussion.
The February jobs report, released last week, showed the economy added 275,000 nonfarm payrolls, notably above the forecast for 200,000 jobs. This put unemployment at 3.9%.
What Does the Fed Meeting Mean For a Stock Market Crash?
According to the CME FedWatch Tool, the Fed has just a 1% chance of cutting rates at the March policy meeting. Unfortunately, the tool also only estimates a roughly 8% chance of a rate cut at the following Fed meeting set for May 1.
With the benchmark rate between 5.25% and 5.5%, investors and businesses may have to bear with restrictive interest rates for a while longer. That said, unless there is a notable shift in economic data, you can expect rate cuts to come in June or July. Indeed, the CME Group estimates a more than 50% chance of a rate cut in June and about a 75% chance of a rate cut in July.
High interest rates typically encourage economic contraction in the form of higher unemployment, reduced consumer spending, limited production growth and (perhaps most notably) slowed price growth. As such, Wall Street has been holding out hope for lower interest rates since Fed Chair Jerome Powell hinted at three or more rate cuts to come this year back in December 2023.
In recent weeks, Powell has repeatedly stated that members of the central bank are still waiting for “more good data” to justify lowering rates.
“In considering any adjustments to the target range for the policy rate, we will carefully assess the incoming data, the evolving outlook, and the balance of risks,” Powell told Congress earlier this month. “The Committee does not expect that it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.”
On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Shrey’s articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more.
Source: Investor Place
https://dinarchronicles.com/2024/03/17/stock-market-crash-alert-for-march-20/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 It sure looks like it's happening in the next five minutes doesn't it? I need you to be realistic. This is the Middle East. Yes, what you're reading [Articles] is past tense. What they're doing is implementing it with the banks around the world.
Mnt Goat ...the Chairman of the Finance Committee stressed, and I quote: “the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.” What they are basically telling the CBI is to follow up and move more aggressively on this issue of increasing the value of the dinar...I believe there is enormous pressure to get the dinar revalued and conduct the 3 zero note changeout (The Project to Delete the Zeros).
Iraq to Join WTO + Iraq Recovers Billions of Dinars in Corruption Cases
Edu Matrix: 3-16-2024
Iraq has completed paperwork to join WTO, plus Iraq recovers billions of dinars in corruption cases, including US cash and expensive jewelry. What is the WTO and why is it so important for Iraq to become a member.
Is The Economy Getting Destroyed? Will Inflation Return? Steve Hanke Answers Your Questions
David Lin: 3-16-2024
0:00 - Intro
2:45 - Inflation outlook
10:05 - Money supply
15:55 - Fed monetary policy
19:33 - Markets vs. inflation
23:45 - Markets vs. liquidity
28:05 - Deflation in China
29:51 - Argentina inflation
35:55 - Hanke's Misery Index
$223 Trillion Bank Derivatives Domino Effect: The Catalyst for Fiat Currency Collapse : Awake-In-3D
$223 Trillion Bank Derivatives Domino Effect: The Catalyst for Fiat Currency Collapse
On March 12, 2024 By Awake-In-3D
Massive Credit Derivatives Gambling and the Risk of Systemic Bank Failures: What You Need to Know
As the global fiat currency debt system reaches it logical conclusion, the term “derivatives” might not mean much to the everyday person.
However, these complex financial instruments play a pivotal role in the global fiat currency financial ecosystem, often acting as the invisible threads that could either weave stability or unravel chaos.
$223 Trillion Bank Derivatives Domino Effect: The Catalyst for Fiat Currency Collapse
On March 12, 2024 By Awake-In-3D
Massive Credit Derivatives Gambling and the Risk of Systemic Bank Failures: What You Need to Know
As the global fiat currency debt system reaches it logical conclusion, the term “derivatives” might not mean much to the everyday person.
However, these complex financial instruments play a pivotal role in the global fiat currency financial ecosystem, often acting as the invisible threads that could either weave stability or unravel chaos.
Wall Street has a history of blowing up things with derivatives. Merrill Lynch blew up Orange County, California with derivatives.
Some of the biggest trading houses on Wall Street blew up the giant insurer, AIG, with derivatives in 2008, forcing the U.S. government to take over AIG with a massive bailout.
Recent data from the Office of the Comptroller of the Currency reveals that five major bank holding companies—names like JPMorgan Chase, Bank of America, and Goldman Sachs—currently hold a staggering 83% of the $268 trillion in derivatives in the U.S. market.
The concentration of derivatives trading among a handful of major banks poses significant concern that has far-reaching consequences for all of us.
What are Derivatives?
Derivatives, in essence, are financial contracts whose value is derived from the performance of an underlying asset, index, or interest rate.
They can range from the relatively straightforward to the mind-bogglingly complex, and are used for a variety of purposes including hedging risk, speculation, and arbitrage.
While these instruments can be useful financial tools, their misuse or mismanagement poses a significant risk to the financial system at large.
Key Financial Facts About Banks and Derivatives Today
Total Derivatives Held by Five Major Bank Holding Companies (2009): $277.57 trillion
Percentage of All U.S. Derivatives Held by These Companies (2009): 95%
Total Derivatives in the U.S. (2023): $268 trillion
Total Derivatives Held by the Same Five Companies (2023): $223 trillion
Percentage of All U.S. Derivatives Held by These Companies (2023): 83%
Control of Credit Derivatives by These Companies: 96%
Total Credit Derivatives Held by These Companies: $5.8 trillion out of $6 trillion
Federal Reserve’s Cumulative Loans to Wall Street Banks (2007-2010): $16 trillion
A stark reminder of this risk came during the financial crisis of 2007-2010, widely regarded as the worst since the Great Depression.
The crisis spotlighted how derivatives, largely unregulated and concentrated in the hands of a few major banks, could exacerbate financial turmoil.
Despite subsequent regulatory efforts, such as the Dodd-Frank Act of 2010, intended to rein in the risky behaviors of these financial behemoths, concerns persist about the effectiveness of these regulations.
Recent data from the Office of the Comptroller of the Currency reveals that five major bank holding companies—names like JPMorgan Chase, Bank of America, and Goldman Sachs—currently hold a staggering 83% of the $268 trillion in derivatives in the U.S. market.
Even more alarming is their control of 96% of the most perilous form of derivatives: credit derivatives, amounting to $5.8 trillion.
For the everyday person, the implications are clear: the health of the global financial system is inextricably linked to the shadowy world of derivatives trading by major banks.
This concentration of high-risk financial activity in a handful of institutions not only poses a systemic risk but also magnifies the potential fallout from mismanagement or market downturns.
The Federal Reserve’s intervention during the last financial crisis, funneling $16 trillion in loans to support these banks, underscores the precariousness of this situation.
While such measures may provide temporary relief, they do not address the underlying issue: the colossal risk posed by the concentrated trading of derivatives.
Moreover, the counterparty risk—the question of who stands on the other side of these derivative trades—is a blind spot for the average investor.
With a web of connections linking banks to non-bank financial institutions, corporate entities, and beyond, the ripple effects of a derivatives crisis could touch nearly every corner of the global economy.
In response, federal regulators have proposed stricter capital rules for banks heavily engaged in derivatives trading. Yet, these proposals have met fierce resistance from the banking sector, casting doubt on their implementation and effectiveness.
For the everyday person, the implications are clear: the health of the global financial system is inextricably linked to the shadowy world of derivatives trading by major banks.
As these financial titans engage in casino gambling on the high wire of high-risk trading, unintended consequences of a domino collapse effect is a threat not just to themselves, but to the global financial system at large.
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
"If You Can't See It, I Can't Help You" | Bill Holter
"If You Can't See It, I Can't Help You" | Bill Holter
Liberty and Finance: 3-15-2024
The US debt crisis is coming to a head, says Bill Holter (https://billholter.com). The only solution is to print more currency and paper over the problem.
“The currency is collapsing,” he says, and foreigners recognize it. "It is the end of empire. You're watching it in real time," he argues. "If you can't see that, I can't help you."
He discusses preparedness and what kinds of gold and silver products would be ideal in a collapse scenario.
"If You Can't See It, I Can't Help You" | Bill Holter
Liberty and Finance: 3-15-2024
The US debt crisis is coming to a head, says Bill Holter (https://billholter.com). The only solution is to print more currency and paper over the problem.
“The currency is collapsing,” he says, and foreigners recognize it. "It is the end of empire. You're watching it in real time," he argues. "If you can't see that, I can't help you."
He discusses preparedness and what kinds of gold and silver products would be ideal in a collapse scenario.
INTERVIEW TIMELINE:
0:00 Intro
1:22 US debt crisis
11:30 Revaluing gold
13:12 Gold moving east
14:30 Gold going mainstream
16:30 End of empire
19:42 Collapse by design
22:16 Consolidating the banks
25:15 Explaining to family
30:10 Free speech
32:40 Silver vs gold bullion
37:30 Gaudens vs Eagle vs Buffalos
39:00 IRA & storage
Secret Bankers’ Club: The Untold Story of America’s Powerful Shadow Rulers : Awake-In-3D
Secret Bankers’ Club: The Untold Story of America’s Powerful Shadow Rulers
On March 12, 2024 By Awake-In-3D
How a clandestine group of financial titans has reshaped democracy and public interest for their own gain
In the hidden reality where financial power meets public policy, a groundbreaking book sheds light on the shadowy Bankers’ Club network that dictates more of our lives than we might understand, or care to admit.
Secret Bankers’ Club: The Untold Story of America’s Powerful Shadow Rulers
On March 12, 2024 By Awake-In-3D
How a clandestine group of financial titans has reshaped democracy and public interest for their own gain
In the hidden reality where financial power meets public policy, a groundbreaking book sheds light on the shadowy Bankers’ Club network that dictates more of our lives than we might understand, or care to admit.
Key Facts
The Federal Reserve is identified as the Chairman of the Bankers’ Club.
Alan Greenspan served as Fed Chair for an unprecedented 19 years.
During the 2007-2009 financial crisis, the Fed, under Ben Bernanke, funneled $29 trillion to prop up financial structures.
The Dodd-Frank Act of 2010 was intended to address financial abuses but was significantly weakened by entities like Citigroup.
H. Rodgin Cohen, Senior Chair of Sullivan & Cromwell, played a key role in promoting financial deregulation.
The Glass-Steagall Act, repealed in 1999, previously prevented commercial banks from engaging in investment banking.
The Supreme Court’s Citizens United decision in 2010 significantly increased corporate money’s influence on U.S. elections.
Gerald Epstein’s Fascinating Book
“Busting the Bankers’ Club: Finance for the Rest of Us,” authored by Gerald Epstein, a distinguished Professor of Economics at the University of Massachusetts, Amherst, dives deep into the heart of a banking cartel that has, over decades, intertwined itself with the very fabric of American democracy.
Gerald Epstein is not your average academic. With years of research and a keen eye for the intricacies of economic systems, he stands as a beacon of truth in an often opaque financial world.
His latest work is the culmination of a decade-long journey to unveil how democracy in the U.S. has been hijacked by what he terms the “Bankers’ Club.”
The Bankers’ Club Revealed
At the core of Epstein’s revelations is the “Bankers’ Club,” with the Federal Reserve acting as its chairman.
This isn’t just any club; it’s a conglomerate of financial powerhouses and regulatory bodies that have the unique ability to create money out of thin air.
This power has been wielded to funnel trillions in loans to large banks, away from the public eye, essentially acting as a safety net for the financial elite at the expense of ordinary citizens.
Legislative Loopholes and Financial Deregulation
The Dodd-Frank Act, established in the aftermath of the 2008 financial crisis, was supposed to be a legislative tool to curb financial abuses.
However, Epstein uncovers how this act was systematically weakened by those it sought to regulate, particularly through the efforts of Citigroup and other members of the Bankers’ Club.
Even more striking is the role of individuals like H. Rodgin Cohen, a key figure in promoting financial deregulation, highlighting the depth of the club’s influence.
The Extensive Network of Bankster Influence
Epstein does not stop at financial institutions; his investigation reveals a vast network of politicians, regulators, lawyers, lobbyists, and even economists who have sold out the public interest for a seat at the table of the Bankers’ Club.
This collusion has far-reaching effects, from skewing legislation to promoting policies that favor Wall Street over Main Street.
The Opposition: “Club Busters”
Despite the daunting power of the Bankers’ Club, Epstein shines a light on the “Club Busters,” a group of nonprofit watchdogs, advocacy groups, and individuals determined to counteract the influence of the banking cartel.
Yet, these heroes face significant challenges, notably the fallout from the repeal of the Glass-Steagall Act and the Supreme Court’s Citizens United decision, which have both played pivotal roles in expanding the power of financial institutions and allowing corporate money to flood the political system.
Critical Impediments to Change
The repeal of the Glass-Steagall Act and the Citizens United decision stand as colossal barriers to reforming Wall Street and reclaiming democracy from corporate interests.
These legal changes have not only enabled the misuse of average Americans’ savings but have also handed unprecedented control of the electoral process to the highest bidder.
Gerald Epstein’s “Busting the Bankers’ Club” is more than just a book; it’s a powerful call for Americans to awaken to the realities of financial influence on democratic processes.
It implores us to recognize the urgent need for reform — to restore safeguards like the Glass-Steagall Act and to overturn decisions like Citizens United that have handed our democracy over to the highest bidder.
Glossary of Terms Used:
Federal Reserve: The central banking system of the United States.
Dodd-Frank Act: A comprehensive set of financial regulations passed in 2010 in response to the financial crisis of 2008.
Glass-Steagall Act: A piece of legislation enacted in 1933 to separate commercial and investment banking, repealed in 1999.
Citizens United decision: A 2010 Supreme Court ruling that allowed unlimited corporate spending on political campaigns.
In simple terms, the battle lines are drawn not just in the halls of Congress or the trading floors of Wall Street but in the everyday lives of Americans.
The choices we make, the policies we support, and the voices we amplify can help untangle the Bankster web of financial influence that seeks to control the future of democracy in the United States.
It’s a fight not just for the soul of a nation, but for the very essence of freedom and equality.
More resources: Americans for Financial Reform
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
https://ai3d.blog/secret-bankers-club-the-untold-story-of-americas-powerful-shadow-rulers/
"Tidbits From TNT" Saturday 3-16-2024
TNT:
Tishwash: Prime Minister: Iraq is about to host important events and conferences
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that Iraq is about to host important events and conferences.
The Prime Minister’s Media Office stated, in a statement received by (Al Oula News), that “Prime Minister Muhammad Shiaa Al-Sudani conducted a field visit to the Rixos and Movenpick hotel projects, which are being implemented in the center of the capital, Baghdad, and listened to a detailed presentation on the executive work of both projects. And look at the stages of completion.”
The Prime Minister stressed that “a city the size of the capital, Baghdad, is in dire need of large hotels, due to the tourist movement and official delegations it witnesses, and the fact that it hosts many Arab, regional and international conferences throughout the year, with the hotel occupancy rate currently reaching 100%.”
TNT:
Tishwash: Prime Minister: Iraq is about to host important events and conferences
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that Iraq is about to host important events and conferences.
The Prime Minister’s Media Office stated, in a statement received by (Al Oula News), that “Prime Minister Muhammad Shiaa Al-Sudani conducted a field visit to the Rixos and Movenpick hotel projects, which are being implemented in the center of the capital, Baghdad, and listened to a detailed presentation on the executive work of both projects. And look at the stages of completion.”
The Prime Minister stressed that “a city the size of the capital, Baghdad, is in dire need of large hotels, due to the tourist movement and official delegations it witnesses, and the fact that it hosts many Arab, regional and international conferences throughout the year, with the hotel occupancy rate currently reaching 100%.”
He stated that “Iraq is about to host important events and conferences, which requires making more efforts to complete these two hotels and the rest of the large hotels, which are currently being implemented in Baghdad.”
The statement pointed out that “these two projects are among several hotel projects being implemented in Baghdad, and the government has paved the way for them and pushed them forward through economic reforms and creating an attractive environment for foreign investments, which will help in completing them in the required time.” link
Tishwash: A government directive is to issue electronic payment cards to university and school students and require restaurants to have them
An informed source revealed a government intention to expand the electronic payment application and reduce cash dealing.
The source told Al-Furat News Agency that “electronic payment cards will be issued to university, institute and school students.”
He pointed out "the trend to oblige restaurant owners to deal with electronic payment within the plan prepared to expand the culture of electronic payment." link
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Tishwash: Sudanese Advisor: The government has adopted a flexible plan to recover funds and bad debts
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the details of a flexible government plan to recover funds and collect bad and accumulated debts.
Saleh said, “The government has granted the government banking system in general, and the Iraqi Trade Bank in particular, sufficient flexibility in re-collecting its uncollected debts granted to various natural and legal persons, which have accumulated over many years, in accordance with a fair and highly flexible collection program at the same time, which... It makes the assets of government banks and the Trade Bank of Iraq at a high quality level on an ongoing basis, and at the same time enhances the sustainability of government banking, financing official foreign trade, and strengthening financing guarantees linked to strategic development opportunities in the country.”
He added, "The government has adopted a flexible plan to recover funds, especially those that are in default due to accumulated historical reasons. It is a plan that will adopt flexible and solid solutions that are in the interest of the strength and stability of the government banking system and strengthening its assets and financial leverage."
He continued, "The financial and monetary authorities will exert, through their policies, supportive measures for the government banking system, which is no less important than the reform policy adopted by the aforementioned banks themselves and in accordance with their current development program in building an integrated, highly efficient banking market that serves the sustainable development and stability of the national economy." link
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CandyKisses: These Countries Will Offset The OPEC+ Alliance's Voluntary Production Cuts In 2024
The U.S. Energy Information Administration expects demand in the United States, Guyana, Canada and Brazil to drive growth in global oil production in the near term, offsetting voluntary production cuts for the OPEC+ alliance.
The supply hike is expected after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, as part of the so-called OPEC+ alliance, agreed this month to extend voluntary production cuts of 2.2 million barrels per day (bpd) in an effort to support prices.
Why are these predictions important?
Growth from non-OPEC+ producers could undermine the alliance's efforts to balance oil markets amid concerns about global demand growth and increased supplies. The United States, Canada, Brazil and Guyana account for more than 80 percent of global supply growth in the current EIA projections.
Data
The Energy Information Administration said OPEC+ production of refined petroleum products will fall by 1 million barrels per day in 2024, while non-member countries' supplies will grow by 1.4 million barrels per day, led by the United States.
In 2025, OPEC+ production of oil products will rise by 900,000 barrels per day as production cuts end, while non-OPEC+ production will grow another 1.1 million barrels per day.
The Energy Information Administration said global supply of oil and refined petroleum products reached 101.8 million barrels per day in 2023, and is expected to rise by 400,000 barrels per day in 2024 and 2 million barrels per day in 2025.
U.S. oil production reached 13.3 million barrels per day in 2023 and is expected to grow by 400,000 barrels per day in 2024 and 800,000 barrels per day in 2025.
Mot: . fer guys only .....
Mot: ... the enlightening Things frum ole ""Mot"" Never Ends! - Huh!!!
News, Rumors and Opinions Saturday AM 3-16-2024
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 Sat. 16 March 2024
Compiled Sat. 16 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Fri. 15 March Hernán Robert Hbravo: Rubem BAZ says that the 12 Platforms were scheduled to launch last night Thurs. 14 March on RENO and the launch of the 6 Platforms today Fri. 15 March in Zurich. Contracts will be sent over the weekend and available funds will be released on Mon. 18 March. Sovereign Buyers start their businesses next Wed. 20 March by sending contracts, notifications, phone calls, etc.
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 Sat. 16 March 2024
Compiled Sat. 16 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Fri. 15 March Hernán Robert Hbravo: Rubem BAZ says that the 12 Platforms were scheduled to launch last night Thurs. 14 March on RENO and the launch of the 6 Platforms today Fri. 15 March in Zurich. Contracts will be sent over the weekend and available funds will be released on Mon. 18 March. Sovereign Buyers start their businesses next Wed. 20 March by sending contracts, notifications, phone calls, etc.
Hernán Robert Hbravo cont……Today Fri. 15 March there will be a global announcement from each country; regarding their currency being asset-backed. The US announcement will be made by UST and the new USN banknotes will be available. This will be the official start of Rescue and Rescue Centers, and Notifications will be sent. The Exchange Centers will use the New Dollar!
Fri. 15 March Ginger Bank Story: “My Chase/JP Morgan Wealth Manager guy was transparent, knew what was going on, shared info, and admitted he had foreign currency and how he was focused on humanitarian needs. I am really surprised he admitted what he did.”
Fri. 15 March Wolverine, MarkZ: Over the weekend, especially in Europe, the final transition to 20022 (or whatever) is activated. High expectations for massive banking changes this weekend. My bank even notified me that some services will not work overnight on Sunday. Member: My bank emailed and said they were making some important updates before April 15th. Member: I received a message from my bank saying that on the 17th, from 1:00 am to 5:00 am, there will be no service for all transactions. Member: Rumor has it that Chinese Elders have paid off ALL debts worldwide at this time. So I’m resting comfortably…without fear.
Fri. 15 March The Basis of NESARA/GESARA is the Q Movement Taking Over The Fed: Nesara / Gesara Fact – We Will Know Very Soon 2024 | Prophecy | Before It’s News (beforeitsnews.com)
Global Financial Collapse, Charlie Ward:
BANKING COLLAPSE : Prepare for the Unthinkable: Trillions of dollars in U.S. Treasury Bonds are flooding back to Europe and 110 nations, revealing the alarming truth that the U.S. Corporation is teetering on the brink of insolvency. Brace yourself for the impending catastrophic COLLAPSE that will send shockwaves throughout Europe and beyond.
Hyperinflation in Germany is decimating the metal industry, crippling weapons production, and pushing corporations to the edge of bankruptcy.
Meanwhile, the colossal COLLAPSE of SVB BANKS in California, resulting in a mind-boggling loss of $10 trillion, sets off a catastrophic domino effect rippling across multiple countries. The COLLAPSE, underway for over a year and a half, is finally unmasking the Deep State’s cover-ups and exposing their false market reports.
Read full post here: https://dinarchronicles.com/2024/03/16/restored-republic-via-a-gcr-update-as-of-march-16-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Petra Early Monday morning was the article demonstrating the fact that Sudani was considering changing the rate of the dinar from 1310 to 1.32 which for us in the United States is $0.79... Then the very next day we get an article talking about the new small category notes. They're talking rate, they're talking notes. And then you got Tannini the Commerce Director there talking about a surprise could happen within hours in regards to their monetary reform...
Frank26 Article: "Among them concerns the dinar... the outcomes of Parliament’s finance meeting with the Central Bank" ALL THEY TALK ABOUT IS THE 1.32 & THE INTRODUCTION OF THE LOWER NOTES!!! FINALLY... THE SOUND HEARD AROUND THE WORLD! This is actually happening. This is a reality. The monetary reform to add value to the currency and then to float internationally is a reality...because it's in print.
Trio of BRICS, OPEC and China/Russia: How Global South Leading the World
Fastepo: 3-15-2024
Recent developments suggest a broadening and deepening of the BRICS alliance with OPEC, with significant implications for global energy markets and geopolitical alignments.
The global landscape is witnessing a pivotal transformation with the expansion of the BRICS group, now including key OPEC members like Saudi Arabia, Iran and the UAE, along with Egypt, and Ethiopia.
This strategic enlargement significantly enhances the bloc's global energy influence and positions it as a formidable counterweight to G7, potentially altering the dynamics of global energy markets and investment flows.
In this video, we explore the intricate dynamics between OPEC, BRICS, and the pivotal roles of China and Russia, focusing on their collective influence on global finance and the international order.
We'll examine how these relationships are reshaping economic alliances, challenging Western dominance, and potentially creating a new multipolar financial landscape.
Join us as we dissect the strategic partnerships and rivalries that are redefining global economics and politics, and consider the future implications for global stability and prosperity.
Goldilocks' Comments and Global Economic News Friday Evening 3-15-24
Goldilocks' Comments and Global Economic News Friday Evening 3-15-24
Good Evening Dinar Recaps,
Much of our transition taking place around the world has to do with the movement from a World Reserve Asset such as the Dollar to sharing this privilege with many Currencies around the world.
This changes economic policies in countries around the world, and it sets forth the need for new guidelines and protocols inside banking systems and marketplaces.
Laws have to be changed, Banking and Trading Protocols are changed, trading exchange rate percentages have to be changed, and more. On top of all of this, it has to be digitized.
The new Digital Financial System creates new standardized protocols that are backed by gold and other commodities. Everything has to run smoothly and with real values going forward. The QFS runs on precise measures enabling artificial intelligence to come in and carve out new pathways into our future we have never seen before. BIS
© Goldilocks
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Goldilocks' Comments and Global Economic News Friday Evening 3-15-24
Good Evening Dinar Recaps,
Much of our transition taking place around the world has to do with the movement from a World Reserve Asset such as the Dollar to sharing this privilege with many Currencies around the world.
This changes economic policies in countries around the world, and it sets forth the need for new guidelines and protocols inside banking systems and marketplaces.
Laws have to be changed, Banking and Trading Protocols are changed, trading exchange rate percentages have to be changed, and more. On top of all of this, it has to be digitized.
The new Digital Financial System creates new standardized protocols that are backed by gold and other commodities. Everything has to run smoothly and with real values going forward. The QFS runs on precise measures enabling artificial intelligence to come in and carve out new pathways into our future we have never seen before. BIS
© Goldilocks
~~~~~~~~~~
Stablecoin Announcement:
"Cardano (ADA), a prominent blockchain platform for smart contracts similar to Ethereum is set to introduce its premier fiat-backed stablecoin, USDM, in the United States on March 16th. This launch marks a key moment for the Cardano ecosystem, providing users with a reliable stablecoin pegged to the US dollar and enhancing accessibility to the platform’s features."
USDM coin lunches tomorrow from the Cardano Network. This coin will work well with Ethereum ERC20 smart contracts ensuring funds available on both sides of a trade.
USDM will be "coined" as a leading fiat-backed Stablecoin. It will start in 19 States inside America, and it will begin to move across the rest of them upon availability. Coin Speaker
© Goldilocks
~~~~~~~~~~
"MiCA is a milestone in the cryptocurrency market since it is the first comprehensive regulation for the still-emerging technology. The framework defines the assets that fall under its jurisdiction, who can offer related products and services, and who has the authority to regulate and enforce the legislation." Jan 10, 2024
MiCA is not expected to be fully complete until December, but the Stablecoin regulation portion of this comprehensive crypto regulation is expected to be done by the summer.
Stablecoins will allow the movement of our Tokenized Assets to be bought and sold across various Digital Networks. As we have said before, 90% of the global economy is expected to be tokenized by the end of the year.
The Bitcoin halving on April the 18th through the 22nd will be the takeoff point for many of these new Tokenized Assets to begin their steady climb, adoption, and integration into our new digital asset-based trading system.
At that time, we will see the Digital Economy begin to take our new Financial System into real values. This is expected to create price pressures across all sectors of the market which includes Forex.
The full revaluation of many of these assets will not be seen until early next year, but a new free floating economic system based upon supply and demand is about to transform our Financial World and transition us into a new economy. Coin Gape Investopedia
© Goldilocks
~~~~~~~~~~
In a previous article, Europe stated that they would be finished with their comprehensive cryptocurrency guidelines called MICA by the end of May.
Today, we read that they would be finished with the Stablecoin section by the end of June. This will allow our cryptocurrency Market to accelerate. We also read that their comprehensive cryptocurrency would be finished by December.
After April, our cryptocurrencies will begin to move into a real value. This will put price pressures on currencies on all levels going forward to move into a real value. What remains to be seen is whether or not paper currencies will be invited into this process.
Currently, the full movement of cryptocurrency valuations has not completely started, but they have been released to begin correlating their Market values to new digital platforms being liquidated by people who have money to move the market.
Institutional money is about to change all of that after the Bitcoin halving. As our cryptocurrencies are currently decoupling themselves from predetermined prices, it is important for us to prepare ourselves for new changes that will take place in a rapid fashion after April the 22nd inside our new digital asset-based economy.
These events are layered on top of each other, and the cryptocurrency revaluation will be a major catalyst that will move money into our paper currencies.
© Goldilocks
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Bitcoin DeFi App Sovryn Is Expanding to Ethereum—Here's How - Decrypt
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What the PPI is Telling us: Disinflation in “Core Goods,” a Hefty Counterweight to Hot Services Inflation, May be Over | Wolf Street
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ETNs are bonds issued by financial institutions tracking the performance of underlying assets - in this case crypto assets.
In a separate statement, the LSE said on Monday it would accept applications for the admission of bitcoin and ether ETNs from the second quarter of this year. This is Money
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From tariffs on high carbon goods to technical regulations that set emissions targets, well-designed trade policy is critical to deliver Net Zero. But there is growing debate over whether such measures are compatible with international law. JD Supra
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How the ECB’s new operational framework could impact bank liquidity and funding | articles | ING Think
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Gold & Silver supply shortage imminent? Feat. Rob Kientz | YouTube
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Haiti's Currency Drops Here's What Happened | YouTube
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Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374% – Altcoins Bitcoin News
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Here’s a full list of ISO 20022 coins and tokens:
XRP (XRP)
Cardano (ADA)
Quant (QNT)
Algorand (ALGO)
Stellar (XLM)
Hedera HashGraph (HBAR)
IOTA (MIOTA)
XDC Network (XDC)
Coin Codex
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The paper game is DONE | YouTube Shorts
👆 This short video is talking about the paper game in Comex. The Comex paper Gold and paper Silver trades are over.
Look for new physical silver and physical gold prices to emerge.
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