Goldilocks' Comments and Global Economic News Tuesday 3-19-24
Goldilocks' Comments and Global Economic News Tuesday 3-19-24
Good evening Dinar Recaps,
"User-Ready Mainnet
Phase 2 marks the deployment of a user-ready Mainnet where anyone can deploy and interact with smart contracts. In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network."
At the time of this writing, we are just a couple of hours away from the use of digital currencies going to mainnet.
It will be a transition from testnet interactions with cryptocurrencies to actual deployment and use of cryptocurrencies used on a main server.
Here, actual transactions can be made on a blockchain server between companies and countries going forward.
This will begin increasing demand on our new digital economy and new price pressures based on real values.
This does not change paper currency values just yet, but new liquidation of digital assets such as Stablecoins that represent them will provide new price pressures on them over time. Coin Telegraph
© Goldilocks
Goldilocks' Comments and Global Economic News Tuesday 3-19-24
Good evening Dinar Recaps,
"User-Ready Mainnet
Phase 2 marks the deployment of a user-ready Mainnet where anyone can deploy and interact with smart contracts. In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network."
At the time of this writing, we are just a couple of hours away from the use of digital currencies going to mainnet.
It will be a transition from testnet interactions with cryptocurrencies to actual deployment and use of cryptocurrencies used on a main server.
Here, actual transactions can be made on a blockchain server between companies and countries going forward.
This will begin increasing demand on our new digital economy and new price pressures based on real values.
This does not change paper currency values just yet, but new liquidation of digital assets such as Stablecoins that represent them will provide new price pressures on them over time. Coin Telegraph
© Goldilocks
PHASE 2
~~~~~~~~~~
Cryptos are currently in what is called a retracement. This happens before a major price trend changes such as a Bitcoin halving.
This time is different. We have a temporary price reversal taking place within a larger trend.
The larger trend is the movement of money inside a digital economy. This time will give more people an opportunity to buy into cryptos at a lower price.
It can and will lead to a broader adoption inside the new digital asset-based trading system.
Welcome to the expansion of our new economy.
© Goldilocks
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Stellar Lumens Challenges Ethereum: Ripple Rival Expands Reach with Smart Contracts – XLM Poised to Dominate The World | Crypto News Flash
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Investors are about to find out whether Fed still expects 3 rate cuts in 2024 | Finance Yahoo
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Federal Reserve’s interest rate decision ends markets’ long resistance | CryptoPolitan
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CFTC’s Market Risk Advisory Committee to Meet.
The CFTC’s Market Risk Advisory Committee (MRAC) will meet on April 9 at 9:30 am ET. The MRAC will consider current topics and developments in the areas of central counterparty risk and governance, market structure, climate-related risk, and emerging technologies affecting derivatives and related financial markets. Gibson Dunn
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Expert Says It’s Not Crazy If XRP Soars 1,500% to $10 | Crypto Base
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Stellar will invest $100M in Soroban smart contract apps in bid to beat Ethereum | VentureBeat
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Banks place client transition readiness under increasing scrutiny | Responsible Investor
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The $21 Trillion RV Question: Iraq’s Economic IQD Dilemma and the Gold Solution: Awake-In-3D
The $21 Trillion RV Question: Iraq’s Economic IQD Dilemma and the Gold Solution
On March 18, 2024 By Awake-In-3D
From Economic Impossibility to Golden Opportunity: The Path Forward for the RV of the Iraqi Dinar
I tremendously enjoy engaging with my subscribers at GCR Real-Time News.
The questions raised and the discussions held around currency revaluations, particularly concerning Iraq’s dinar (IQD), provide for compelling conversation on the limitations of fiat currencies and the potential for a shift towards a gold-backed monetary system.
As countries assess and plan realistic strategies to combat today’s growing fiat economic and monetary uncertainties, the conversation about the nature of currency value, the impact of oil revenues, and the feasibility of significant currency revaluations serve as both informative and relevant.
The $21 Trillion RV Question: Iraq’s Economic IQD Dilemma and the Gold Solution
On March 18, 2024 By Awake-In-3D
From Economic Impossibility to Golden Opportunity: The Path Forward for the RV of the Iraqi Dinar
I tremendously enjoy engaging with my subscribers at GCR Real-Time News.
The questions raised and the discussions held around currency revaluations, particularly concerning Iraq’s dinar (IQD), provide for compelling conversation on the limitations of fiat currencies and the potential for a shift towards a gold-backed monetary system.
As countries assess and plan realistic strategies to combat today’s growing fiat economic and monetary uncertainties, the conversation about the nature of currency value, the impact of oil revenues, and the feasibility of significant currency revaluations serve as both informative and relevant.
Here’s the summary breakdown of a recent conversation thread on GCR Real-Time News.
The Iraqi Dinar RV Conundrum
At the heart of the debate is Iraq’s consideration of revaluing its currency, the IQD, potentially to $3.00 (or higher) against the U.S. dollar, a move that poses significant mathematical and economic challenges.
With an estimated 7 trillion (or more) IQD notes held outside of Iraq, a revaluation (RV) at such a rate would require an unfathomable $21 trillion ($3.00 x 7 Trillion IQD) fiat Dollars to fund the RV.
A sum far beyond Iraq’s current financial capacity, generated primarily through its oil trade revenues of around $100 billion per year at current oil prices. It would take Iraq centuries to pay for a $3.00 RV exchange rate at Iraq’s current and future production capacities. No Oil Contracts or economic development project investments scenario gets Iraq to $21 Trillion in the near or long term.
Iraq produces around 4.2 million barrels of oil per day combined with constant geopolitical instabilities. The USA produces over 13 million barrels per day.
This stark reality highlights the inherent limitations of fiat currencies, which are not backed by physical commodities like gold but only by public confidence and a government’s declared ‘promises’.
The Gold-Backed Purchasing Power Solution
The potential solution lies in transitioning to a gold-backed currency system, a concept currently being explored by the BRICS nations as they seek to introduce an alternative to the fiat currency system dominated by Western economies.
A gold-backed currency promises enhanced stability and purchasing power, directly challenging the existing fiat system’s dominance.
If Iraq, Vietnam, Indonesia, Malaysia, etc., are accepted into BRICS, their currencies would participate in the new BRICS gold-backed common trade currency and financial system.
In other words, the IQD, VND, etc. would significantly gain purchasing power (exchange rate) against the Dollar, Euro, and other major fiat currencies.
So why can’t Iraq just peg the IQD to a high dollar exchange rate like Kuwait, Oman and Bahrain do?
Because unlike the other high-rate currencies in the region, Iraq has the unique problem of having over 7 trillion (or more) in IQD being held outside of Iraq by foreigners like you and me.
Kuwait, Oman and Bahrain do not have a fraction of their currencies being held by foreigners as does Iraq. This is why these other countries can maintain their high fiat exchange rate peg to the US Dollar. Iraq simply cannot repeg the fiat IQD value (purchasing power) with that many IQD held around the world.
The Ripple Effect of a Gold-Backed System
Should a gold-backed currency system come to fruition, the implications become financially significant, forcing Western economies to reconsider their fiat monetary policies and potentially launch their own gold-backed currencies in order to stop their old currencies from massive devaluation.
This shift could dramatically increase the purchasing power of currencies from Iraq and other countries like Vietnam, Indonesia, Malaysia, and Zimbabwe, making a revaluation of the IQD both mathematically and economically viable.
The key would be the relative devaluation of fiat currencies like the U.S. dollar against new gold-backed currencies, fundamentally and forever altering the global economic landscape.
In other words, the increase in the IQD’s purchasing power (exchange rate) would originate from the depreciation of the US Dollar vs. the gold-backed IQD – not from the IQD suddenly gaining purchasing power out of thin air (because it can’t).
There are not enough oil contracts or native economic development value-generation within Iraq’s realistic capability that could support (pay for) a fiat IQD revaluation to $3.00+ against the current fiat dollar.
Basically, $21 Trillion dollars rivals the total GDP of the entire United States. Let that sink in…
The Re-denomination vs. Revaluation Debate
Iraq’s ongoing strategy to re-denominate the IQD, removing three zeros from its notes, illustrates the difference between re-denomination and revaluation.
While re-denomination is a superficial change affecting the currency’s appearance and public perception (confidence), revaluation alters the currency’s actual purchasing power.
The Iraqi Ministry of Finance (MoF) and the Central Bank of Iraq’s consideration of this strategy underscores the complexities of currency management and the pursuit of public confidence in the IQD.
The Global Context and the Future of Fiat Currencies
The discussion extends beyond Iraq, touching on the broader dynamics of the global financial system, the role of free-floating currencies, and the managed pegs that stabilize many oil-dependent economies.
The possibility of transitioning to a gold-backed system raises questions about the sustainability of fiat currencies and their future in a world looking for more stable and reliable monetary foundations.
As all of us in the RV/GCR community seek to freely and openly discuss these issues, the situation in Iraq serves as a critical point of analysis for the future of the global financial system as a whole.
Sidebar of topics discussed at GCR Real-Time News Telegram Channel:
Estimated IQD Notes Held Abroad: 7 trillion IQD, as reported by Iraq’s Ministry of Finance.
Hypothetical RV Rate: If Iraq revalues (RVs) the IQD to $3.00 against the U.S. dollar.
Total Dollar Requirement for Hypothetical RV: $21 trillion (7 trillion IQD x $3.00).
Iraq’s Annual Oil Revenue: Approximately $100 billion at current oil prices.
Time Required to Cover RV Cost with Oil Revenue: Over 210 years, assuming 100% of Iraq’s annual oil revenue is dedicated to funding (paying for) the RV.
Current Exchange Rate Perception Issue: If Iraq re-denominates by deleting 3 zeros from the currency, 1 IQD equals 1.310 per dollar, compared to the less favorable current rate of 1310 IQD per dollar. But the purchasing power of the IQD remains unchanged.
Major Free-Floating Currencies: Dollar, Euro, British Pound, Swiss Franc, Japanese Yen, Russian Ruble, Indian Rupee, among others. These countries have highly diverse economies (their GDPs are not dependent on a single industry or service).
Countries with Pegged Currencies: China, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Hong Kong, Iraq, and many others emphasizing the prevalence of stable, managed currency pegs and floats among oil-dependent, or less diverse economies.
Economic Dependency on Oil: The majority of GDP for many pegged/managed currency countries comes from oil revenues, highlighting the risk and volatility in oil markets if these countries utilized a free-floating currency exchange rate system.
The shift towards a gold-backed currency system could herald a new era in finance, challenging the status quo and offering a path toward greater economic stability and equity among nations.
The journey from fiat to gold-backed currencies is most certainly fraught with challenges and uncertainties, yet the potential rewards could redefine the essence of monetary value in the near future.
© 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/the-21-trillion-rv-question-iraqs-economic-iqd-dilemma-and-the-gold-solution/
"Tidbits From TNT" Tuesday 3-19-2024
TNT:
CandyKisses: Iraqi move to build the largest solar power plant
Economy News - Baghdad
A member of the parliamentary oil, gas and natural resources committee, Sabah Sobhi, revealed on Tuesday an Iraqi trend to establish the largest solar power plant.
Sobhi said that "the renewable energy law is in the process of discussions and is incomplete so far, and the committee is working in cooperation with the Energy Committee to launch legislation on renewable energy, pointing to "the parliament's interest in legislating this law during the current session."
"The largest solar power plant in Iraq will be built after the law is enacted," he said, adding that "so far the site has not been determined, but approval is in the process of obtaining it
TNT:
CandyKisses: Iraqi move to build the largest solar power plant
Economy News - Baghdad
A member of the parliamentary oil, gas and natural resources committee, Sabah Sobhi, revealed on Tuesday an Iraqi trend to establish the largest solar power plant.
Sobhi said that "the renewable energy law is in the process of discussions and is incomplete so far, and the committee is working in cooperation with the Energy Committee to launch legislation on renewable energy, pointing to "the parliament's interest in legislating this law during the current session."
"The largest solar power plant in Iraq will be built after the law is enacted," he said, adding that "so far the site has not been determined, but approval is in the process of obtaining it
CandyKisses: Urgent Baghdad governor announces suspension of Tuesday working hours due to rain
{Local: Euphrates News} Baghdad Governor Abdul Muttalib Al-Alawi announced the suspension of official working hours for Tuesday in the departments of the local government of Baghdad due to rain and bad weather.
A statement by the governor's office, a copy of which was received by Al-Furat News, said the disruption came "based on the decision of the Baghdad Provincial Council."
Several provinces announced the suspension of working hours on Tuesday due to the rains, and Baghdad's education directorates suspended their schools.
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CandyKisss: Sudani reveals progress in ending foreign military presence
Baghdad - Iraq Today:
Prime Minister Mohamed Shia Al-Sudani confirmed progress in ending the presence of the international coalition during his meeting with German Minister of State for Foreign Affairs Tobias Lindner and his accompanying delegation.
A government statement explained that "Prime Minister Mohamed Shia Al-Sudani, German Minister of State for Foreign Affairs, received Tobias Lindner and his accompanying delegation."
During the meeting, Al-Sudani stressed "Iraq's welcome to the presence of German companies and their participation in development projects and infrastructure construction," pointing to "the government's continuation in expanding the investment environment and attracting global expertise, especially with the launch of the development road project and the associated opportunities, and the imminent signing of an agreement by Iraq with Siemens, and other German companies, in the field of gas investment associated with electric power generation," according to the statement.
"The state of stability and security achieved today in Iraq, and the growing capabilities of our security forces, confirm progress in ending the presence of the international coalition and shifting to bilateral relations with member states, especially in the context of the defeat of the terrorist remnants of ISIS," al-Sudani said.
According to the statement, the Prime Minister touched on "the current situation in the Gaza Strip, and Iraq's endeavor to deliver the necessary humanitarian aid to the Gaza Strip under aggression, and to support efforts aimed at a ceasefire and prevent the expansion of the conflict," and called on "the international community to take responsibility in stopping the approach of aggression and the war of genocide to which the Palestinian people are exposed."
The statement added, "For his part, Lindner expressed his appreciation for the size of development, economic growth and security improvement witnessed by Iraq," stressing "the German government's continuation in activating the joint action plan signed by the Sudanese with the German chancellor, during the recent Sudanese visit to Berlin."
He continued, "He also expressed his country's support for the government's steps to end the presence of the international coalition in Iraq," expressing "Germany's readiness to sign a bilateral cooperation agreement with Iraq in the security and military fields, as well as its support for Iraq's position on the need for a permanent ceasefire in the Palestinian territories, and to help the Palestinian people."
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Tishwash: Iraq sends technical and military committees to several countries to purchase advanced air defense systems
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, announced today, Monday, the sending of technical and military committees to several countries to contract for the purchase of advanced air defense systems.
Major General Rasoul said, according to the official agency, “Iraq has contracted French radars and a batch of them have arrived, and we are proceeding to
complete the radar system in general,” indicating that “there are low-, medium- and high-range radars.”
He added, "The Air Defense Command is capable of radar detection and monitoring the movement of aircraft within Iraqi airspace," noting that "the Military Command, led by the Commander-in-Chief of the Armed Forces, confirms the first priority of the Air Defense Command systems."
He stated that "there are technical and military committees that visited a number of countries and made offers to them, along with reviewing anti-aircraft weapons," pointing out that "when contracting for weapons or advanced systems, this will be announced." link
Mot: ..... I Say!!! -- I Say!!! 3-18-2024
Mot.. Hoping We All Have a Very ~~~3-19-2024
News, Rumors and Opinions Tuesday Morning 3-19-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 19 March 2024
Compiled Tues. 19 March 2024 12:01 am EST by Judy Byington
Global Currency Reset (RUMORS)
Judy Note:
According to Wolverine on Sun. 17 March, Brazil, Hong Kong and other places across the World have been given the Green Light for the Global Currency Reset.
On Mon. 18 March Tier4b was in a 24 to 36 hour (10 am EST to 10 pm EST Tues. 19 March) window for announcement of how to set redemption appointments, with Thurs. 21 March being an important day (to begin appointments?).
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 19 March 2024
Compiled Tues. 19 March 2024 12:01 am EST by Judy Byington
Global Currency Reset (RUMORS)
Judy Note:
According to Wolverine on Sun. 17 March, Brazil, Hong Kong and other places across the World have been given the Green Light for the Global Currency Reset.
On Mon. 18 March Tier4b was in a 24 to 36 hour (10 am EST to 10 pm EST Tues. 19 March) window for announcement of how to set redemption appointments, with Thurs. 21 March being an important day (to begin appointments?).
At that time Wells Fargo and HSBC will send (allegedly) out over 400,000 emails to currency and bond holders laced with instructions on how to exchange and redeem. The email will also contain a specific website of a person’s own country that is armed with its own 800# or website code. Exclusive Leak: Wells Fargo’s 400,000 Emails Trigger Massive Liquidity with Zim Bonds & NESARA! – Gazetteller
On Mon. 1 April the General Public will be able to go to existing banks and set up their individual bank accounts on the new Quantum Financial System. April 1st Shockwave! QFS Integration with Wells Fargo Sparks Global Financial Reset, Redemption Centers, Military Alliances – Trump & Musk’s AI Unleashes War on Globalist Elites! – Gazetteller
Mon. 18 March Most recent banker update occurred shortly after 10 am this morning Mon. 18 March. Word from those higher ups was that we were in a 24 to 36 hour (10 am EST to 10 pm EST Tues. 19 March) window for announcement with Thurs. 21 March still being an important day for the banks.
Sun. 17 March Wolverine: My Dearest Chosen Ones, we know the time of our blessing is approaching quickly, but for many, not as quickly as we had hoped, but we can see It IS happening. Right now, let’ set our sights on all we wish to accomplish, on all the goals we know we are going to accomplish. And of all things, each of you should be proud that despite all those who gave up, who lost faith, you are still here. The Prize Awaits you! Believe and have Faith!
Hello everyone! I have received incredible news coming in today. Great News from Brazil who has the green light and that has been confirmed from other sources. Same thing happening in Hong Kong and that is also confirmed. It is also happening in other places around the world.
However, use discernment, as it is not over “Till the Fat Lady sings,” and I am the Fat Lady!!! As soon the Admiral gives me permission to sing the opera, I will be singing it!!
All is looking good according to ALL sources, and they gave me a 100% that it has started! Remain in faith and do not be negative. We know this is real or we would not be wasting our time here.
Holly has put out great bank stories. We know Reno started as of a few days ago. MarkZ talked about a bond holders story who went to a bank and came out with an NDA. Many of my contacts are under NDA and they are not talking. That is all I have for you at the moment.
Pray for God to release that opera. The Opera will be in three parts: 1) A YouTube video put together by a very talented person I know. 2) Liberation sound of the blowing of trumpets, remember the Charlton Heston movie, “The Ten Commandments,” when the Israelites were being liberated from slavery – there was a great resounding of trumpets! And 3) finally THE OPERA! That is all I have for now my friends, take care, Wolverine. (Transcribed by Carpathia)
Mon. 18 March RayRen98: “We are in a 24-hour range if all goes well.”
Mon. 18 March MarkZ: “The term “redemption center” may be a little off. They are mainly different banks and banking facilities that are set up and will have equipment and trained personnel for exchanging foreign currency .It may just be a bank branch with extra offices in your area. Some may be full blown centers in areas with many foreign currency holders. They have a good idea on demographics from who has bought what in areas. But many locations may just be say, an unused second floor that used to house mortgages or something like that. A place they can set up machines to check and validate our currency with trained personnel for our exchanges.”
Read full post here: https://dinarchronicles.com/2024/03/19/restored-republic-via-a-gcr-update-as-of-march-19-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I was excited when Sudani suggested 1.32 but now I am crazy excited to see Alaq the governor of the Central Bank of Iraq suggesting the same thing.
Militia Man Al-Sudani talked about having $1.00 equaling 1.32 dinars...I believe in my view is when they drop the three zeros from the exchange rate, what you'll have is about .76 USD. Then they apply the Real Effect Exchange Rate to that. And that's going to be based off of their assets...
Walkingstick WTO means currency restriction free, therefore all members can use multiple foreign currencies to buy, sell and trade but Iraq has decided...all...contracts that have been recently signed with Sudani must be converted into Iraqi dinars.
Inflation DESTROYS All Economies, Here's Why | Michael Pento
Liberty and Finance: 3-18-2024
The US stock market is at higher valuations compared to GDP than in anytime before 2020, says Michael Pento. Not even right before the infamous 1929 crash were valuations so high.
At the same time, we continue to see high inflation. “Inflation has destroyed every economy since Roman times," he says, and expects that, in the long run, the US economy will similarly be destroyed by currency devaluation.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Credit crisis
6:25 Stock market
13:15 Banking system
19:24 Real estate
25:45 Preparedness
All Eyes on the Federal Reserve - What to know this week
All Eyes on the Federal Reserve: What to know this week
Josh Schafer·Reporter Sun, March 17, 2024
The major US stock indexes have backed off record highs ahead of the Federal Reserve's all-important March meeting.
On Wednesday, that tension will finally be resolved.
The US central bank is set to release its latest monetary policy decision and updated economic projections at 2:00 p.m. ET on Wednesday afternoon, with investors looking for an answer to one key question: Does the Fed still think it will cut rates three times in 2024?
Recent data showing inflation hasn't dropped as fast as expected has pushed out market forecasts for Fed rate cuts this year to three from six. The question, then, is whether a few months of stubborn inflation data will be enough to prompt a further tweak from the Fed.
What the Fed rate decision means for bank accounts, CDs, loans, and credit cards
Hal Bundrick Updated Thu, Feb 1, 2024
Fed watchers are still holding their breath for an interest rate cut.
All Eyes on the Federal Reserve: What to know this week
Josh Schafer·Reporter Sun, March 17, 2024
The major US stock indexes have backed off record highs ahead of the Federal Reserve's all-important March meeting.
On Wednesday, that tension will finally be resolved.
The US central bank is set to release its latest monetary policy decision and updated economic projections at 2:00 p.m. ET on Wednesday afternoon, with investors looking for an answer to one key question: Does the Fed still think it will cut rates three times in 2024?
Recent data showing inflation hasn't dropped as fast as expected has pushed out market forecasts for Fed rate cuts this year to three from six. The question, then, is whether a few months of stubborn inflation data will be enough to prompt a further tweak from the Fed.
What the Fed rate decision means for bank accounts, CDs, loans, and credit cards
Hal Bundrick Updated Thu, Feb 1, 2024
Fed watchers are still holding their breath for an interest rate cut.
After inflation peaked at 9.1% in June 2022, the Federal Reserve worked to tame consumer prices with a series of 11 interest rate hikes over the ensuing months, and inflation stood at 3.4% in December 2023.
With a target of 2%, the Fed's decision on Jan. 31, 2024, to pause rate hikes for the fourth month in a row shows the central bank believes it's winning the fight against inflation — but remains watchful.
So, interest rates are still elevated, and any hope of the Fed lowering rates remains just that. Hope.
How Monetary Policy Works
The Fed controls one interest rate: the federal funds rate, which is the short-term rate banks use to borrow from each other. The latest action keeps the target range for the federal funds rate at 5.25-5.50%. Fed interest rate decisions filter through the financial world, impacting virtually every facet of borrowing costs and saving rates.
Interest rate management is monetary medicine the Fed uses to:
Slow the economy by raising interest rates in an effort to tame rising costs (high inflation) as measured by the consumer price index.
Help mount a recovery when we're at the opposite end of an economic cycle by lowering interest rates as an injection of liquidity into the financial system.
Allow past moves to take root while the Fed considers future actions by holding rates steady.
What the Fed says is ahead for interest rates
In a statement on Jan. 31, the Federal Open Market Committee said it "does not expect it will be appropriate to reduce the target [interest rate] range until it has gained greater confidence that inflation is moving sustainably toward 2%."
However, the FOMC didn't hint as to when that "confidence" would be achieved.
Here’s How The Fed’s Current Interest Rate Stance Could Trickle Down To Your Loans And Accounts.
To Read More Go to the Article Here:
How to Accurately Think About Our RV/GCR Exchange Rates : Awake-In-3D
How to Accurately Think About Our RV/GCR Exchange Rates
On March 14, 2024 By Awake-In-3D
In RV/GCR
Transitioning from ‘Holding Currency’ to ‘Holding Value’ Requires a Totally New Financial Mindset
Author’s Note: This article is written from an American and US Dollar perspective. However, it applies to any country and fiat currency just the same.
If you are reading this article, you likely consider fiat currency as the biggest scam and scourge on humanity. It’s likely the reason you are aware of and participating in the RV/GCR itself.
Yet, we hold a constant desire to determine and discuss the exchange rates for the various GCR assets that we own in today’s fiat currency system.
How to Accurately Think About Our RV/GCR Exchange Rates
On March 14, 2024 By Awake-In-3D
In RV/GCR
Transitioning from ‘Holding Currency’ to ‘Holding Value’ Requires a Totally New Financial Mindset
Author’s Note: This article is written from an American and US Dollar perspective. However, it applies to any country and fiat currency just the same.
If you are reading this article, you likely consider fiat currency as the biggest scam and scourge on humanity. It’s likely the reason you are aware of and participating in the RV/GCR itself.
Yet, we hold a constant desire to determine and discuss the exchange rates for the various GCR assets that we own in today’s fiat currency system.
When thinking about this further, one begins to quickly realize that trying to ascertain RV/GCR exchange rates in fiat currency terms simply makes no sense. Especially when we believe that the GCR will convert currencies to asset-backed valuations while leaving fiat currencies in the dust.
Also see: How I Understand the GCR Redemptions TIER Structure and Purpose
The most accurate method of considering exchange rates is not by interpreting them in fiat dollars, but instead through a mindset of what our resulting purchasing power will be after our exchange transactions.
Living a Lifetime of Fiat Currencies
Born into a world where the price of everything from your morning coffee to the cost of a home is thought of in fiat dollars, it’s easy to overlook how the value of those dollars changes over time.
From childhood allowances to our first paychecks and major investments, our financial milestones have been measured in a currency that exists only by government decree, not backed by anything real or tangible.
This fiat currency system, where dollars reign supreme, has sculpted our understanding of value, teaching us to gauge wealth and affordability in terms that change as frequently as the wind.
Yet, within this familiar framework, we’ve seldom paused to question the enduring strength of our fiat dollars, rarely considering that their buying power consistently diminishes over time.
Also see: An Objective Look at Potential Release Scenarios for a GCR
The concept of pricing everything—from daily bread to dream homes—in endlessly devaluing fiat dollars has been second nature, leaving us unprepared for thinking in terms of true purchasing power.
As we stand on the cusp of a monumental shift towards a gold-backed foreign currency, we are challenged to unlearn these ingrained financial reflexes and to understand that the rules of the game are changing.
No longer can we afford to think of currency value and exchange rates solely in the terms of the fiat system we know so well.
The introduction of a currency that is directly tied back to the tangible value of gold invites us to rethink not just financial security, but how we perceive the very foundation and measurement of prosperity.
We all hold various foreign currencies that are on a path towards achieving gold-backed purchasing power.
The exact process and steps getting us to the point of exchanging these currencies are unpredictable. They are also evolving and adapting to a rapidly changing geopolitical and economic landscape.
This pivotal change, pegging 1 currency unit to 1 ounce of gold (for example), promises to redefine the landscape of purchasing power and wealth preservation for its holders.
As this currency evolves from its fiat roots to a value firmly anchored in gold, understanding the implications regarding exchange rates vs. purchasing power is crucial.
The Fiat to RV/GCR Transition Explained
A gold-backed currency is directly tied to a tangible asset: gold. For a foreign currency soon to be backed by gold, each unit will equate to an ounce of gold (or perhaps grams, etc.).
Given gold’s current value at approximately $2,100 per ounce, the intrinsic worth of each unit of this currency will reflect the value of gold itself.
Also see: Calls for Gold-backed Dollar on the Rise Across USA
The value (purchasing power) of gold vs. fiat dollars is likely to be much higher that $2,100/oz. as the RV/GCR rolls out. I personally do not believe there will be a gold-backed US Dollar in place when the RV/GCR exchanges begin, but this is a topic for another article.
This shift from a fiat system, where currency value is dictated by government regulation and market perception, to a gold standard, where value is tangible and measurable, marks a significant departure in how we understand and utilize money.
For all of us holding this foreign currency, the transition to a gold-backed standard is a watershed moment.
With the transition to gold backing, each unit of the unit of the foreign currency now embodies a stable asset known for its resilience against inflation and centralized monetary policy manipulation.
An Example of Gold’s Enhanced Purchasing Power vs. Fiat Dollars
One of the most immediate impacts for holders is the enhanced purchasing power of their foreign currency backed by gold.
Let’s consider a practical example of purchasing a property valued at $1,000,000.
In 1971, the price of gold (measured in fiat dollars) was $40 per ounce.
At this rate, purchasing a property worth $1,000,000 would require 25,000 ounces of gold.
Fast forward to 2024, and the scene has dramatically changed: gold now stands at $2,100 per ounce.
This means the same $1,000,000 property can be bought for just 476 ounces of gold instead of 25,000 ounces.
In essence, the value of gold as a store of purchasing power has not changed, it is the fiat dollar that has substantially depreciated against one ounce of gold over time.
Also see: Peril of Fiat Currencies | A History Repeated
Moreover, if someone had the foresight to store away that same 25,000 ounces of gold back in 1971, this very same 25,000 ounces could purchase a property valued at $52,500,000 or 52 separate properties priced at $1,000,000 fiat dollars each.
This scenario isn’t just a financial fantasy; it underscores a crucial reality about value, purchasing power, and the nature of real money.
Fiat currency is not real money. Gold is.
The example of gold versus the fiat dollar since 1971 serves as a powerful lesson in purchasing power vs. price.
Also see: After 51 Years the Global Fiat Currency System is Due for a Grand Reset
However, when the RV/GCR occurs, the purchasing power of gold vs. fiat dollars will not happen over 50 years, it will happen very quickly.
While we are totally accustomed to thinking in fiat dollar terms—watching prices rise and attributing it to the cost of goods increasing—the real story is that fiat currencies constantly decrease in value.
Consequently, trying to determine what fiat dollar exchange rate one will receive within the RV/GCR is realistically a useless mental exercise.
Like monetary apples and oranges.
Gold, by contrast, is remarkably stable as a store of value. Its price in dollars may fluctuate, but its purchasing power—what it can buy in real terms—has significantly increased.
This divergence offers a critical perspective: what if we’ve been thinking about RV/GCR exchange rates all wrong?
The fiat dollar price doesn’t matter. It’s how much purchasing power will we have after our exchanges.
Exchange Rates and Wealth Preservation
The exchange rate between this new gold-backed currency and the US dollar will reflect not only the current value of gold but also the comparative strength of the dollar.
For holders, this means their currency is not just a medium of exchange but a significant store of purchasing power rooted in gold.
The shift towards a gold-backed currency presents a paradigm shift for holders of this foreign RV/GCR currency.
Also see: Real Money | Why Our Fiat Currency System is Ending
It represents a move towards stability, purchasing power, and a redefined approach to financial health.
We all stand at the forefront of a financial renaissance, armed with the enduring value of gold in an age of digital transactions and fiat currency debasement.
Understanding the full scope of this transition is essential for leveraging its potential to the fullest.
© 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/how-to-accurately-think-about-our-rv-gcr-exchange-rates/
More News, Rumors and Opinions Monday PM 3-18-2024
TNT:
CandyKisses: A holiday in Iraq on the occasion of Nowruz
Shafaq News / The Iraqi government announced the suspension of official working hours in state institutions next Thursday on the occasion of Nowruz.
The General Secretariat of the Iraqi Council of Ministers said in a brief statement received by Shafaq News Agency that it was decided to disrupt official working hours next Thursday in all government ministries and institutions in conjunction with Spring Festival "Nowruz".
The Kurdistan Regional Government, also on the occasion of Nowruz, decided to suspend official working hours on Tuesday, Wednesday and Thursday.
TNT:
CandyKisses: A holiday in Iraq on the occasion of Nowruz
Shafaq News / The Iraqi government announced the suspension of official working hours in state institutions next Thursday on the occasion of Nowruz.
The General Secretariat of the Iraqi Council of Ministers said in a brief statement received by Shafaq News Agency that it was decided to disrupt official working hours next Thursday in all government ministries and institutions in conjunction with Spring Festival "Nowruz".
The Kurdistan Regional Government, also on the occasion of Nowruz, decided to suspend official working hours on Tuesday, Wednesday and Thursday.
Tishwash: Economists: Citizens still prefer cash transactions over electronic transactions
Economic affairs specialists criticized the lack of infrastructure for electronic payment services in many departments and institutions, and confirmed that most citizens still prefer cash transactions over electronic transactions.
Economist Manaf Al-Sayegh told Al-Sabah: Electronic payment is a globally recognized technology that can be used without the need to carry paper money or coins, as the world today no longer needs paper payment or the use of coins, so we find it approved through the use mechanism. A credit card that enables its holder to pay anywhere.
He added that the need arises today for all financial operations to be transformed according to a banking system that adopts the principles of automation and dealing with electronic payment (MasterCard) or (Credit Card), as it facilitates banking operations and transfers and gives an element of speed in financial performance, pointing out that there is a value that is sometimes imperceptible. But the quality of the system in financial transactions between customers and the lack of difficulty, whether at the level of individuals or companies, give these advantages value for dealing according to the automation system.
Al-Sayegh pointed out that most institutions and companies currently deal according to the electronic payment system, and even malls and stores with limited capital deal according to this system for the purpose of financial facilities and raising performance, adding that there are some obstacles, including the lack of infrastructure in many departments and stations for this service, stressing. There is a need to prepare these systems by the Ministry of Finance and the Central Bank, as the country was late in introducing this service, which has been used in most countries for decades, especially the card service through mobile phones.
He noted the necessity of disseminating payment points (POS) in their modern form to obtain the best service in multiple places, and obligating all departments, institutions, and
shops to use them to benefit everyone.
He stressed that dealing with electronic payment enables controlling transfers and not taking the currency anywhere without the knowledge of the state, so it can be used as a security element to prevent currency leakage.
In turn, Imad Al-Mohammadawi, who is interested in economic affairs, called during his speech to “Al-Sabah” for the necessity of spreading the culture of electronic payment among the segments of society, pointing out that most citizens prefer cash transactions over electronic transactions because they have become accustomed to this method, believing that it is better.
Al-Muhammadawi pointed out the necessity of encouraging, supporting and facilitating dealing according to this new mechanism for citizens with the aim of attracting many customers according to this method, which is considered universal and one of the approved methods in all aspects of life, because of the safety it brings in not carrying lumps of cash in daily transactions.
It is noteworthy that the Deputy Governor of the Central Bank, Ammar Khalaf, explained in the first Iraqi Digital Economy Forum that “the digital financial transformation began with the localization of employees’ salaries and the opening of bank accounts, the primary purpose of which was the use of electronic payment in daily transactions, whether inside or outside the country,” and he pointed out that “some The ministries responded quickly to the directives of the Central Bank and the government, especially the Ministry of Oil by making collections at gas stations and others done electronically, as well as the Passports Directorate, which required that payment be electronic, in addition to the General Traffic Directorate and other ministries. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick Iraq is indeed ready but the USA still has multiple conditions for release in the region which are presently being satisfied. We are getting to the end of the game which could monetarily finish as Iraq is going public to force a potential release. It is any minute, any second time frame.
Mnt Goat So according to 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. I quote from the article – “to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.” Folks I don’t know about you but this article was WOW!
BRICS Blockchain will Swiftly Replace the US dollar
Trip Bitten: 3-14-2024
Russia just announced the creation of blockchain-based payment system in BRICS. This new system will help BRICS nations bypass SWIFT and help create a new trading currency.
I talked about this in the past and now we are seeing the BRICS take action. I think it will be built out over the next few years and will provide many nations with another option for international trade and payments.
Goldilocks' Comments and Global Economic News Monday Evening 3-18-24
Subject: Goldilocks' Comments and Global Economic News Monday Evening 3-18-24
Good evening Dinar Recaps,
"BRICS Nations, Russia, and China, have joined forces to teach the US dollar an important lesson in International Markets."
This is a year that can be characterized as a "refactoring process" for the new Quantum Financial System. New codes inside Quantum Technologies are and have been in the process of being rewritten to determine trading percentages through artificial intelligence. Russia and China have joined forces in supporting new laws to govern these changes, and China is providing the Yuan for many of these purchasing transactions on their new digital payment system.
New local currencies being utilized instead of the dollar in trade necessitates many of the new changes taking place to level the playing field among countries who will now have new price pressures on their National currencies to demand shifts in pricing.
The new BRICS currency payment system will lessen the use of the dollar and bring forth more demand for currencies in the East. These demands will require currency rate changes.
Subject: Goldilocks' Comments and Global Economic News Monday Evening 3-18-24
Good evening Dinar Recaps,
"BRICS Nations, Russia, and China, have joined forces to teach the US dollar an important lesson in International Markets."
This is a year that can be characterized as a "refactoring process" for the new Quantum Financial System. New codes inside Quantum Technologies are and have been in the process of being rewritten to determine trading percentages through artificial intelligence. Russia and China have joined forces in supporting new laws to govern these changes, and China is providing the Yuan for many of these purchasing transactions on their new digital payment system.
New local currencies being utilized instead of the dollar in trade necessitates many of the new changes taking place to level the playing field among countries who will now have new price pressures on their National currencies to demand shifts in pricing.
The new BRICS currency payment system will lessen the use of the dollar and bring forth more demand for currencies in the East. These demands will require currency rate changes.
As we get closer to the next BRICS summit, this is going to be a topic of interest for the conference. Each country that joins the BRICS Nations are expected to have a commodity-based backing for their currency giving real values to their Quantum Technological Mechanisms that will move their money.
New protocols will be written into the banking/trading system of the East that will scale on their new payment system in transactional trades between countries inside the QFS. CryptoDNES Spiceworks
© Goldilocks
~~~~~~~~~~
"We are optimizing each step of the inbound tourism process, streamlining procedures ranging from visa applications to flight arrangements, hotel check-ins, shopping, and sightseeing," said Sun Yeli at the end of the 2nd session of the 14th National People's Congress in Beijing."
China is in the process of "refactoring" new codes into their payment system that will align with their own National Currency instead of the Dollar.
Is important to note that this is taking place in several countries around the world especially those joining the BRICS Nations.
The movement from a US dollar focus to a local currency focus is changing the way many of these countries live and pay for their goods and services. TV Brics NOEMA Mag
© Goldilocks
~~~~~~~~~~
New price changes across an entire Financial System require new codes to be written into the system that emphasize local currency dominance going forward demands monetary policy changes.
This is why we are witnessing several countries move into a free-floating rate exchange system whereby supply and demand determine their new currency values going forward.
Morocco and Egypt are two of many countries moving to a free-floating regimen in their currency payment systems. These shifts represent an alignment to, and for, a new Global Monetary System.
The new Monetary System is backed by gold and other commodities with new codes being written into these Quantum Mechanisms that will begin forming new price correlations on the markets.
For instance, new interest rates will be based on local currency values instead of the dollar going forward. Gold held by each country as a reserve asset will minimize many of these variations on the market to stabilize Global Economies.
This is an event that has been years in the making. And, this year marks the time and place for many of these transitions to begin. Some economies will be able to motorbize these new changes quicker than others, and it is important for us to watch as these new price formations begin to form on the markets.
© Goldilocks
Atalayar
Middle East Monitor
XM
~~~~~~~~~~
The changes we have been speaking about this morning will no doubt change Market behavioral patterns. Volatility is expected as we shift into new Technological Mechanisms that will guide our Global Economy forward.
Jerome Powell will be addressing many of these changes on Wednesday. It is important that we pay close attention to his words and wording on many of the new monetary shifts that will be taking place the rest of this year.
© Goldilocks
~~~~~~~~~~
XRP Trading Announcement:
XRP Trading Start on Exchange Registered with U.S. Treasury Department.
Atlantis Exchange Listing XRP.
In a recent post on X, Atlantis Exchange disclosed that it included XRP among its list of supported cryptocurrencies. Specifically, XRP commenced trading on the platform on March 17 at 5:00 AM UTC, with the trading pair USDB.
Besides listing XRP, Atlantis Exchange has issued a daring projection for XRP’s value. In particular, the platform asserted that users could witness a 100-fold value increase amid its list of XRP, urging them not to “miss out.”
At the same time, Atlantis Exchange highlighted that XRP is a crypto asset that facilitates cross-border payments. Also, it pointed out that XRP is the native currency within XRPL, a decentralized, open-source blockchain technology capable of settling transactions within a remarkable timeframe of 3-5 seconds.
Brief Summary from Goldilocks:
XRP is the only coin with clear legal status in the US. Just last year, the court declared XRP as a non-Security last year.
XRP has been listed as a Stablecoin, but it's most frequent use going forward will be that of a liquidity coin. XRP began trading with this new peg just last week.
The USDB is pegged to XRP (see above announcement). This has allowed XRP trading to start on the Atlantis Exchange and be registered with the U.S. Treasury Department.
This will allow XRP to be traded on banking and trading platforms here in the United States and in countries abroad. It will give us the ability to form bilateral trade relationships inside the new digital asset-based trading system. Crypto News The Crypto Basic.
© Goldilocks
~~~~~~~~~~
What is a Customs Bond? A legal contract, usually issued through a licensed Customs broker, between an importer, a Surety company and US Customs and Border Protection (CBP) that guarantees that the importer complies with Customs regulations. UPS
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What's happening now in markets:
▼ Dow Futures 39,149.00 (-0.01%)
▲ S&P 500 Futures 5,208.00 (+0.49%)
▲ NASDAQ Futures 18,217.00 (+0.87%)
▼ 10 Year 4.304%
▲ Gold $2,163.90 (0.00%)
▲ WTI Crude Oil $81.58 (+0.01%)
▼ Bitcoin $68,170.00 (-0.26%)
Fear & Greed Index
Greed is driving the US market
MARKET DATA AS OF 7:19 AM ET
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The global chocolate industry is facing its worst crisis since Johnny Depp played Willy Wonka. Demand for chocolate is vastly outweighing the available cocoa supply, leading to skyrocketing cocoa prices that will inevitably make chocolate treats more expensive in supermarkets around the world.
* The Morning Brew
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Who’s on the Hook for Multifamily CRE Mortgages? #1 Taxpayers, far ahead of #2 Banks | Wolf Street
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DJ: DID YOU KNOW? What a GCR would actually look like?
DJ: DID YOU KNOW?
What a GCR would actually look like
For the sake of argument, let’s say a GCR has occurred. What would that look like? Taking into consideration all the elements the ongoing narratives have spewed for years, are implemented.
QFS is operational, asset holders, both currencies and bonds, have been notified with instructions on how to proceed and funds are being distributed. How would the funds actually move through the financial system? How will you be notified? What would actually happen to economies and the world, when it occurs?
Traditional computers use “bits”. A bit (binary digit) is the smallest unit of data that a computer can process and store. A “bit” is always in one of two states, (like an on/off light switch). The “state” is represented by a single binary value, usually a 0 or 1. The “state” might also be represented by yes/no , on/off or true/false. Quantum computers use “qubits” (quantum bits), which can exist as 0 , 1, or both at the same time , allowing unlimited data, that lies between the 0 and the 1, to process and store. Meaning information moves a lot faster than traditional computing.
DJ: DID YOU KNOW?
What a GCR would actually look like
For the sake of argument, let’s say a GCR has occurred. What would that look like? Taking into consideration all the elements the ongoing narratives have spewed for years, are implemented.
QFS is operational, asset holders, both currencies and bonds, have been notified with instructions on how to proceed and funds are being distributed. How would the funds actually move through the financial system? How will you be notified? What would actually happen to economies and the world, when it occurs?
Traditional computers use “bits”. A bit (binary digit) is the smallest unit of data that a computer can process and store. A “bit” is always in one of two states, (like an on/off light switch). The “state” is represented by a single binary value, usually a 0 or 1. The “state” might also be represented by yes/no , on/off or true/false. Quantum computers use “qubits” (quantum bits), which can exist as 0 , 1, or both at the same time , allowing unlimited data, that lies between the 0 and the 1, to process and store. Meaning information moves a lot faster than traditional computing.
So money is available and is moving . Reputedly through the QFS. The only ones who actually have quantum computers are the major banks at the top of the food chain. They hold the money to be distributed!. But they have to move the money down the food chain through traditional computers, so the average person can access the funds at their local bank.
Converting quantum information into a classical format has its own set of difficulties. Quantum systems are inherently delicate, often struggling with information loss, a problem classical systems generally don’t have.To convert the qubits ( That hold vast amounts of bits) into bits ( that are 1’s and O’s, true/false, yes/no or on/off stored data) each qubit has to transfer the store data (which could be millions of bits) into smaller pieces of data that a legacy system can process, this is where data can quickly become chaotic, limiting memory efficiency or losing the data.
Think of it like this. You have a bucket full of water. If you put a hole in the bucket, the water will leak out. If the flow of water you keep putting back in the bucket matches the amount leaving the bucket, the water level will stay the same. But if the flow going back in the buck is more than what is leaking out, the bucket will overflow. If too much data is being sent at once (Q-bits) the receiving computer can’t process fast enough to absorb the influx of data, leading to a loss of coherent data.
So even if the funds are sitting in the banks ready for distribution, it will come out only as fast as the receiving institutions can receive and process the deposit. What has been suggested is that when anyone is paid they will receive 1% at first followed by another 10% a week later, then a multiple month or year pay schedule for the balance.
If you are one of those who is going to be notified, how do they have the information on you for you to be notified?
You will have to have submitted your assets through some channel that logged your information to an end buyer or redeemer. You can’t be notified by an email, way too unsecured and hackable. So it will have to be by courier. When funds do start coming out the large asset holders will get paid first. It makes sense that they would distribute as much as they can with the least amount of effort.
The more you have the sooner you may get paid. How much you have will dictate your place in line. Those who have not registered their assets will most likely have to turn them in and wait. The funds entering the economies will also have to come in slowly so as not to cause economic chaos. You’ll have to allow time for economies to adjust.
There are 5000 pieces to this puzzle. And 5000 people hold one piece of the puzzle each. All waiting for their time to put their piece in. I wouldn’t count on all 5000 showing up and wanting to put their piece in all at the same time. Just think of that chaos.
DJ
"Tidbits From TNT" Monday 3-18-2024
TNT:
Tishwash: Ismaik: The solution to the dollar crisis in Iraq is “very simple”
The economic expert, Hassan Ismaik, confirmed that the solution to the crisis of the high exchange rates of the US dollar against the Iraqi dinar is very simple.
Ismaik said in an interview with Al-Maalouma, “The foreign cash reserves that the Central Bank of Iraq owns are what preserve the value of the Iraqi currency, and because Iraq does not receive money except government money, and the private sector smuggles its money abroad.”
He added, “The Iraqi citizen does not trust the banking system in his country,” which means that there is a defect that must be fixed.
Ismaik believes that "the solution is by placing the money obtained from the sale of crude oil, the main source of the Iraqi economy, as deposits in the central bank and attracting the hoarded funds." In the homes of Iraqis and also attracting the money of investors abroad, the private sector and investment companies.”
TNT:
Tishwash: Ismaik: The solution to the dollar crisis in Iraq is “very simple”
The economic expert, Hassan Ismaik, confirmed that the solution to the crisis of the high exchange rates of the US dollar against the Iraqi dinar is very simple.
Ismaik said in an interview with Al-Maalouma, “The foreign cash reserves that the Central Bank of Iraq owns are what preserve the value of the Iraqi currency, and because Iraq does not receive money except government money, and the private sector smuggles its money abroad.”
He added, “The Iraqi citizen does not trust the banking system in his country,” which means that there is a defect that must be fixed.
Ismaik believes that "the solution is by placing the money obtained from the sale of crude oil, the main source of the Iraqi economy, as deposits in the central bank and attracting the hoarded funds." In the homes of Iraqis and also attracting the money of investors abroad, the private sector and investment companies.
Ismaik continued, “The success of the solution is linked to Iraq’s development of the banking sector systems and it being an open and not closed system. Reinforcing his vision with leading regional models such as the Arab Gulf countries.”
He pointed out that “there is enormous money coming from the people and the private sector, as well as investment companies.”
He added that “Iraq only needs development in the banking sector system, clarity in this system and not being closed, because when we say it is forbidden to transfer dollars, and it is forbidden to buy with dollars, and it is forbidden to exchange for dollars, your value will immediately lose and decline, and the currency will fall.”
Ismaik stressed that “the dollar crisis ends when there is a solid banking system, as there is huge amounts of money with the people in their homes, and if this money goes to... Banks will change the equation, and the money of Iraq is Abroad will range, at a minimum, between 200-300 billion in deposits in banks.”
Since the end of the year 2022, Iraq has been facing a crisis in the exchange rate of the dinar against the dollar, after the United States took a number of measures to restrict the use of... The dollar is in Iraq and its possession is limited to certain parties, as the exchange rate is witnessing fluctuations and instability despite the measures taken by the Iraqi government and the Central Bank to control the exchange rate.
The dollar crisis has been accompanied by variation in the methods of its solutions and treatment, especially among those who see it as a crisis that expresses structural imbalances in the system. Iraqi monetary policy, and among those who believe that resolving it requires only responding to it in an intelligent manner. link
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Tishwash: The Prime Minister expresses Iraq's desire to occupy its position in the international arena
Prime Minister Muhammad Shiaa Al-Sudani received, today, Monday, the Director General of the International Atomic Energy Agency, Mr. Rafael Mariano Grossi.
Al-Sudani confirmed in a statement received by Earth News that “Iraq was one of the first countries that sought to join the agency, abide by its treaties, and worked to establish nuclear reactors for peaceful purposes. Because of his conviction that nuclear energy must be a source of prosperity and not the development of lethal weapons
He pointed out that “at the end of last year, Iraq submitted to the Agency the requirements for its accession to the Nuclear Safety Agreement, and the Joint Agreement on the Safe Management of Spent Fuel and the Safe Management of Radioactive Waste, and it is looking forward to entering again into The field of peaceful applications of nuclear energy.
The Prime Minister expressed “Iraq’s desire to occupy its natural position in the international arena, and to engage in peaceful activity in the field of atomic energy. He also looks forward to assisting the Agency in developing programs and projects related to development in the field of nuclear applications for peaceful purposes.”
For his part, Grossi extended “an invitation to Mr. Sudanese to attend the Nuclear Energy Summit, which will be held in Brussels this March, expressing his appreciation for Iraq’s cooperation with the agency,” stressing that it is “one of the leading countries working with the agency, and he also declared his commitment to working with Iraq in its program and projects.” Peaceful, which includes energy, soil desalination, disease treatment, and other peaceful fields, indicating his aspiration for the Iraqi delegation to visit the agency’s headquarters in the coming weeks;
“To work on developing a road map to develop Iraq’s work, build infrastructure, and obtain nuclear technology in peaceful fields.” link
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Tishwash: Al-Sudani: We succeeded in implementing the 2023 budget, and we must continue to complete economic projects
Today, Monday, while chairing a meeting regarding the 2024 budget schedules, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of proceeding with the completion of economic projects.
Al-Sudani said in a statement reported by his media office and received by Al-Iqtisad News: “It is necessary to focus attention on projects that are nearing completion, and projects that drive the economic cycle and support infrastructure, in addition to projects that provide the largest number of job opportunities and meet the service, health and social needs provided.” On other general necessities.
Al-Sudani stressed that "the success witnessed in implementing the 2023 budget must be invested in completing the remaining economic projects, especially those related to aspects of economic reform, investment, and infrastructure construction in the areas of transportation, health, and municipal services, and supporting productive agricultural and industrial programs."
In the path of comprehensive development and administrative decentralization, he stressed “the importance of selecting projects with the highest priority in the allocations to governorate councils, and making the local targets of the governorates in a state of integration with the programs implemented by the federal ministries, which allows achieving the highest returns and results at the level of employment and development, and meeting basic services.” For all citizens throughout Iraq link
Mot: . Soooooooooo - Do Yas Feel It?????
Mot: poor ole ""Earl""
News, Rumors and Opinions Monday AM 3-18-2024
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 Mon. 18 March 2024
Compiled Mon. 18 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (No news since last Fri. 15 March)
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 Mon. 18 March 2024
Compiled Mon. 18 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (No news since last Fri. 15 March)
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.
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.
Global Financial Crisis:
Sat. 16 March The Banks Are Now Collapsing, While The FED Money Dries Up! – Atlantis Report | Economy | Before It’s News (beforeitsnews.com)
Recent GCR History:
On Sat. 23 Feb. 2024 the World Trade Organization announced that Iraq had completed all requirements to be accepted as a member including having set their new Iraqi Dinar Rate, which the next day on Wed. 28 Feb, the Central Bank of Iraq announced as $3.47. Then the Dinar went live on back screens of the Forex for $2.70 and began fluctuating upward in value.
Sat. 16 March 2024: PROJECT ODIN
Project Odin will go together with the EAS/EBS. It is a military unit that supervises military forces in ground operations.
ODIN means: Observe, Detect, Identify, Neutralize
PROJECT ODIN and military GESARA, a monumental combination that promises to overthrow the Cabal’s hold on global power.
Prepare for the most dramatic change in modern history when the Military Emergency Broadcast System (EBS) emerges, signaling a new era of truth, justice and liberation.
The NESARA/GESARA funds will finally see the light of day and the people will be entrusted with the monumental task of rebuilding a long-oppressed world.
Read full post here: https://dinarchronicles.com/2024/03/18/restored-republic-via-a-gcr-update-as-of-march-18-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 We know Sudani came out, it's no longer a secret...We know the monetary reform is coming. We know they are suggesting 1.32. I suggested higher, but who knows. All of a sudden... parliament came out and said, 'Oh...we look forward to our currency to have value, put on to it...we're passing the laws.' That was interesting. Those that for decades have stopped the possibility of a new exchange rate to come out for the currency of Iraq are now finally saying, Uncle...! Even those that were against the Monetary Reform are now forced to tell the truth!
Jeff They have suspended currency auctions from this point forward, through the remainder of March...giving them eligibility to revalue this weekend - having this weekend being the earliest point throughout this entire year to be able to revalue...Iraq was not even eligible to revalue before this weekend...
Fed Chair Jerome Powell: “BANK FAILURES Will Soon Begin”
Atlantis Report: 3-17-2024
Federal Reserve Chair Jerome Powell warns of imminent bank failures due to the ongoing challenges in the commercial real estate sector. Meanwhile, bitcoin and gold prices are going through the roof as the stock market records remarkable losses.
SILVER ALERT! JP Morgan ADMITS to Billions of Trading Violations! DPA Violated! 10 Days!
(Bix Weir) 3-17-2024
With only 10 DAYS left on their Deferred Prosecution Agreement JP Morgan has admitted to Billions of Trading Violations by themselves and their customers agreeing to pay another massive fine of $348M! Interestingly, this should reopen the 2020 Settlement for admitting to illegally rigging the Silver, Gold and Treasury markets! This is NOT just a coincidence...THIS IS THE END GAME!