Goldilocks' Comments and Global Economic News Tuesday Evening 3-26-24

Goldilocks' Comments and Global Economic News Tuesday Evening 3-26-24

Good Evening Dinar Recaps,

We are rapidly approaching the April into May deadline for the MICA, EU’s Comprehensive New Crypto Regulation Standards. MICA stands for Markets in Crypto-Assets. MICA is being integrated with the DTCC. The Depository Trust and Clearing Corporation will process our new Global Digital transactions.

Essentially, Europe will be moving our new digital money through this new integration testing the speed, flow, and security of its movement. This is being done to make sure we have a smooth transition and implementation by May 28th, 2024.

This comprehensive industry testing is necessary to measure end-to-end processes such as trade executions to trade settlements along with non-standard settlement scenarios utilizing tokenized assets.

When this is finished, US Treasury and Repo Market mechanisms will be capable of being utilized. It will enhance data information for the Derivatives Market, Equity Markets, Instant Payments, Digital Ledger Transmissions and much more.

After this is completed, new rules and regulations can be applied for the governing lawful use of this new Quantum Technology inside our new Digital Asset-Based Trading System. DTCC 1 Securrency Coindesk

© Goldilocks

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"After rolling out its digital asset trading platform, German-based stock exchange Deutsche Börse has signaled an intention to proceed with an institutional-facing solution."

The Deutsche Bank has moved into a proposal phase in rolling out their digital assets business platform.

This will allow exchange attempts to be made with digital currencies representing each country's currencies to their institutional clients. 

Remember, the Deutsche Bank touches every Bank around the world on some level, and the execution of this program will allow connections to be made between Banks who desire to exchange foreign currency.

The proposal phase includes the business idea, market analysis, management team, financial projections, and the terms and conditions of the funding. In other words, they are ready to move forward.  Coingeek

© Goldilocks

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There are several ISO 20022 Tokens. Each represents a set of assets that will flow through their Network.

Think of these Networks as channels that will move Tokenized Assets or Stocks that are now Digital.

This is a very important role in the new economy, and you can't tell me that these ISO20022 Tokens won't be valuable going forward.

The trick is to obtain them before the switch is turned on for them to move freely. At that time, we may see assets move into real values of significance overnight.

The first RV.

The second RV will be our paper currencies sometime after this event.

We are getting closer for those waiting on their paper currencies to change.

Hopefully, the two go together. I have not received information on this just yet, so we wait. Coincodex

© Goldilocks

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You might have heard of ETPs, ETFs, ETCs and ETNs, but what are these financial instruments exactly? How can they facilitate exposure to assets like cryptocurrencies for investors? | BitPanda

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The European Council has adopted the Instant Payments Regulation and it is now scheduled to come into effect in a little over two weeks. The deadline for compliance is far too tight, argues CGI’s Ainsley Ward |  Electronic Payments International
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DBS Announcement:

Mumbai [India], September 13 (ANI/PR Newswire): DBS has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi). DBS is the first bank in India and Asia-Pacific to offer this service to clients, which is expected to benefit close to 4000 corporate and SME clients in India, with numbers expected to grow further. Yahoo Finance

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The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession. | LA Times
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HSBC will be launching tokenized gold tomorrow to its retail clients, said Hong Kong chief digital officer Bojan Obradović during a panel at the «Milken Institute Global Investor’s Symposium». This will mark the first form of tokenized real-world asset that it is introducing to the segment.  Finews

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Pre-validation: combatting fraud and minimising errors in payments - OMFIF

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What are the massive drivers of the future markets? The answer to this question lies in what the Central Banks are currently doing.

Buying gold.

© Goldilocks

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BALTIMORE − A massive search effort was underway Tuesday for six construction workers who were on the Francis Scott Key Bridge in Baltimore when it was struck by a large cargo ship and collapsed into the Patapsco River, shutting down a critical artery for East Coast shipping, authorities said. | USA Today
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China puts trust in AI to maintain largest high-speed rail network on Earth | South China Morning Post

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London Stock Exchange (LSE) Will Start Market for Bitcoin and Ether ETN's May 28 | Coindesk

👆  Goldilocks pointed to this article

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Project Neo: gaining new economic insights with AI and novel data sources | BIS

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“It looks like fly crap to me. . .”

“It looks like fly crap to me. . .”

Notes From the Field by Simon Black / James Hickman  March 25, 2024

I’m on my way back home from Mexico City after an incredible weekend event here with more than 100 of our Total Access members.

First things first, if you’ve never been to Mexico City, I highly recommend it. A lot of people have a misconception that the city is some kind third world dump. It’s not. And most first-time visitors are stunned by the vast green areas, expansive parks, tree-lined streets, museums, architecture, and modern lifestyle.

In my opinion it also has some of the best restaurants in the western hemisphere. You can eat extremely well in Mexico City, but you don’t pay very much for it.

The event we held for our Schiff Sovereign Total Access members was also pretty great.

I started off the conference explaining why we should expect higher inflation in the future-- and I’ve written about this extensively. The US government’s own projections call for $20 trillion in additional debt over the next decade. And frankly we think they’re woefully underestimating the problem.

But even $20 trillion will likely prove catastrophic. That would mean the US national debt will reach $55 trillion.

If yields remain at today’s levels (roughly 4.5%), then the government will have to spend nearly $2.5 trillion per year, just to pay interest on the debt. That would make interest on the debt the #1 expense of the federal government, triggering a vicious cycle in which the Treasury Department would have to borrow more and more each year just to be able to pay interest on the money they’ve already borrowed.

To say this is unsustainable would be a massive understatement. And we believe that the Federal Reserve will step in to bail out the government by slashing interest rates to zero (or even negative levels).

Think about it-- if the national debt is $55 trillion, but the interest rate on that debt is literally 0%, then the government’s annual interest bill is zero… essentially saving them $2.5 trillion per year.

Sounds great. But it would come at substantial cost.

For the Federal Reserve to lower rates, it would require them to dramatically increase the money supply, what we typically refer to as ‘printing money’. They’re not actually printing physical currency-- it all happens electronically. But the effect is the same: it’s highly inflationary.

When the Fed ‘printed’ $5 trillion during the pandemic, the US economy saw 9% inflation. So, if the Fed prints $20 trillion or more to push interest rates down to zero, how much inflation will be see then?

No one knows. But it probably won’t be their magical 2% target.

My partner Peter Schiff came on the stage later and made similar comments. And with this inflationary scenario in mind, we sketched out a number of strategies, both personal and financial, that would make sense in the coming years.

It would be easy to study this problem and come away with a sense of dread. After all, a $55+ trillion national debt and $2.5 trillion in annual interest expense looks pretty scary. (Remember, these are based on the government’s own forecasts.)

But if you can understand the trend and its consequences, then you can also take completely rational steps to reduce their impact. That’s the entire concept behind a Plan B.

Peter and I both see overwhelming evidence of substantial inflation in the future. But this means we can prepare for it now, rationally. And we outlined a number of strategies to do so.

One rather obvious one is gold. And we talked about why gold will likely become very important in the future. My personal view is that gold will eventually displace the dollar as the global reserve standard, i.e. how foreign governments and central banks settle their accounts.

With a $55+ trillion projected national debt, and $2.5 trillion in annual interest expense, it’s hard to imagine the rest of the world continuing to allow the US dollar to remain the dominant reserve currency.

And it would be a similar outcome if the Fed ‘prints’ tens of trillions of dollars.

Either way, we see the dollar’s reign as the dominant reserve currency coming to an end over the next decade.

But since no one trusts the Chinese government, or some new ‘BRICS dollar’, gold is the most likely candidate to replace the US dollar since every government and central bank on the planet already owns it… and has confidence in it.

Gold has the added benefit that no single government controls it. And so single country dominates gold production; China, Russia, the United States, Canada, etc. all produce substantial quantities each year.

We later heard from a colleague of mine who runs one of the largest precious metals storage facilities in the world, based in Singapore. He gave me an insider’s view of the gold and silver markets, and sketched out why there may be a shortage coming, especially in silver.

He explained how many of the world’s largest commodities and metals exchanges have seen dwindling stockpiles… while many mines are doing direct ‘offtake’ agreements with large industrial consumers (like electronics companies).

The end result has been a trend of declining physical silver availability, and he believes this will ultimately drive the silver price much higher.

He added that silver is currently quite cheap compared to gold, with the silver/gold ratio currently at about 90:1, versus its historic average over the past several years of roughly 70.

We also had a presentation from a venture capital firm that talked about buying shares of prominent startups (Airbnb, SpaceX, etc.) in the secondary market, i.e. from employees or early-stage investors seeking liquidity. It’s an interesting way to take a discounted position in a high growth business whose value could explode in an inflationary environment.

As one could expect right now, there was also ample discussion about cryptocurrency, including a mini-debate between Peter and our guest Mark Moss, who also spoke at the event. More on that another time.

Perhaps my favorite part was hearing from the former President of Mexico, Vicente Fox. He spoke in the morning about how many short-sighted and dangerous leaders are ruining the world… and I couldn’t agree more.

During a Q&A session later, he told the crowd about the time that George W. Bush came down to Mexico to convince him to support the war in Iraq.

Former President Fox told us that Bush’s team rolled out maps of Iraq onto his desk and pointed at a tiny speck, saying, “There are the weapons of mass destruction.”

Fox stared closely at the table and brought his face closer to where they were pointing, and said, “It looks like mierda de mosca to me…” That’s Spanish for ‘fly shit’.

I want to extend my sincerest thanks to all the members who joined us for a wonderful weekend in Mexico City. The event, the restaurants, the personal discussions with each of you, and the camaraderie were all unforgettable.

And if you’re not currently a member but interested in joining Total Access, you can find out more about it here.

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

 [Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

https://www.schiffsovereign.com/trends/it-looks-like-fly-sht-to-me-150313/

More News, Rumors and Opinions Tuesday Afternoon 3-26-2024

TNT:

CandyKisses:  BRICS Adopts Non-Dollar Payment System

Mawazine News-Baghdad

The BRICS Group is on the move to expand non-dollar payments, as Group countries seek to move away from the U.S.-controlled SWIFT banking system.

The group’s plans, which include Russia, China, Brazil, South Africa, India, Saudi Arabia, the UAE, Egypt and Ethiopia, include the creation of an international BRICS Pay payment system based on blockchain technology, i.e., based on digital assets.

It will be possible to overcome Western sanctions and obstacles thanks to this decentralized mechanism, which will include multiple currencies, and the mechanism will contribute to strengthening the economic influence of the BRICS group and accelerating the emergence of a supranational currency, which is a direct threat to the position of the US currency.

A major goal of the BRICS countries is to move away from the dollar and use national currencies in business transactions. It should be noted that 95% of trade transactions between Russia and China are in rubles and yuan.

“All of this enhances the ability to repay and strengthens economic resilience to uncertainty, uncertainty and external shocks,” says Shin Yi, head of the BRICS Research Center at Fudan University’s Development Research Institute of China.

The idea of the mechanism revolves around the creation of a special platform based on digital currencies in the countries of the "BRICS" to implement financial settlements, which will break the monopoly of the Western "SWIFT" system of financial operations around the world, and a few days ago, Russian Assistant President Yuri Ushakov revealed the intention of the "BRICS" countries to create a payment system based on digital currency technology.

With the US dollar used as a tool in sanctions and the arrival of U.S. public debt at an astronomical level, countries in the world, led by the BRICS countries, are increasing the use of national currencies in international trade.

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Tishwash:  Sanad: Washington is blackmailing Baghdad with dollars, and the Sudanese government must end the sanctions file

Independent MP Mustafa Sanad called on the government of Muhammad Shiaa al-Sudani to expedite discussions on removing foreign forces.

Sanad said in a televised interview followed by Mawazine News: “The Iraqi government must strongly adopt the Iraqi files, and the most important of these files are the foreign presence file and the banking file, stressing that there are Iraqi banks that were contributing to the activity of the economic cycle and were closed by Washington.”

He added, "The existence of some violations among these banks does not require closing them and assigning Jordanian or Gulf banks to carry out their work, and this is considered the biggest mistake."

He pointed out that "the US Federal Reserve has reduced the pumping of dollars to Iraq in the recent period, and we hope that this file will be discussed during the Sudanese's upcoming visit to Washington."  link

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

Militia Man  How are they going to attract foreign investment?   They're going to open their borders with an International currency ... and they're going to rock and roll.  The signs are everywhere.  Al Sudani recently said he was going to make a change to the dinar to 1.32 dinars to the dollar, which is about $0.76.  But that doesn't include adding the Real Effective Exchange Rate.

Frank26   You've got the prime minister of Iraq already having a discussion with former President Trump.  You got the prime minister of Iraq already having a discussion with former President Bush.  It's interesting now we have the foreign minister in DC...he's talking with the United States Treasury...No one talks to anybody at the White House until April the 15th because...they're not going there to hand them the exchange rate they want to use, they're going there to activate it and tell them that's it...

The Central Bank announces an increase in dollar transfers through official channels

Nader:  3-26-2024

https://www.youtube.com/watch?v=AEFugqz142g

Banks OUT Of Cash And Start To Dump Everything, As HUNDREDS More Banks Face Failure

Atlantis Report:  3-25-2024

The financial sector is on the verge of a serious crisis, with many banks struggling due to severe cash shortages.

This has led to institutions desperately selling off assets, causing a widespread crisis that could affect the entire industry. With hundreds more banks at risk of failure, the impact of this unfolding disaster is likely to spread throughout the global economy, potentially causing an unprecedented chain reaction.

Today, we will look at the potential causes of bank liquidity crises, explore their potential domino effect on the financial system, and examine possible solutions.

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

"Tidbits From TNT" Tuesday 3-26-2024

TNT:

Tishwash:  Parliament receives the 2024 budget schedules before Eid

The Parliamentary Finance Committee expected the current year’s budget schedules to arrive in Parliament before the Eid al-Fitr holiday.

Committee member, Moeen Al-Kazemi, told Al-Sabah: The 2024 budget schedules have not yet arrived from the government even though we are in the month of March and the government was supposed to send them before the end of last year and submit them to Parliament for approval, indicating that the Ministry of Finance has completed the amendments. Proposed to
the budget.

He added that the Ministry of Planning has completed the investment budget and now the tables are in the body of advisors at the Prime Minister’s Office and have been presented to the Prime Minister, expecting that the amendments to the 2024 budget will reach the House of Representatives before Eid al-Fitr.  link

Tishwash:  Why the Iraqi ruling elites pivot to China

Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. Although the two countries recently commemorated their 65th anniversary of friendship, arguably this relationship really began in earnest in 2007 when the two countries’ presidents met and China agreed to cancel Iraq’s debt.

China’s debt relief served as a prelude to its eventual entry into the Iraqi oil industry, and included renegotiating oil agreements which were held since 1997 under Saddam Hussein’s regime. The preference of Iraq’s elites for China has significantly bolstered the Sino-Iraqi relationship. In just under three decades, Iraq’s exports to China have seen a huge rise, growing at an annualized rate of 50.3 per cent, from $564,000 in 1995 to $34 billion in 2022. By February 2024, Chinese firms have come to oversee two-thirds of Iraq’s oil production output, showcasing the depth of their involvement in the country’s economy.

Iraq views China as an ideal partner

China and Iraq are complementary partners in many respects. China is one of the world’s largest oil users, and Iraq is an oil-rich country with more than 140 billion barrels of reserves. Since Iraq is one of the major oil suppliers to Chinese refineries, energy is undoubtedly important to the partnership. Its increasing dominance in the energy sector has also given China a platform to grow in other Iraqi industries. As a result, China controls a large number of other sectors in Iraq, such as trade which reached around $50 billion in 2023, according to Shoresh Khalid, Iraq’s ambassador to Beijing. China is also growing in sectors like telecommunications, solar energy and e-government, aiming to reach a point where Iraq is largely reliant on China.

China’s meteoric rise in Iraq is the outcome of capitalizing on the unique sociopolitical, economic and geopolitical conditions in the Middle Eastern country. China has proven that it can take advantage of the intricate state-to-non-state dynamics in Iraq. In addition to local and domestic structures, both Iran and the US, through their indirect struggle in Iraq, have played a role in making that happen. Therefore, the multilayered relationship between China and Iraq differs from other relationships in many ways and defies the common formal relationship between states. In this sense, the formal state-to-state relationship between China and Iraq also includes party-to-party and individual roles.

The ruling class in Iraq and their political economy fit more comfortably with the Chinese model of governance than with the Western model. This convergence is not only a result of Beijing’s policy of non-interference in the domestic affairs of other countries or its avoidance of using reprimanding rhetoric. There are similarities between the Chinese and Iraqi models in terms of the role that political parties play in governance, corruption, dislike of human rights, democracy and other purported Western ideals. When it comes to political economy, under the influence of the Chinese model, doubling down on development rather than democracy has become central to Iraq’s political planning, as is apparent with China-backed projects like the ‘development road’ project, oil for infrastructure, and others.

The elites in Iraq believe that the Chinese model is the best way to rapidly and extensively re-build their country. Since visiting China, a number of Iraqi officials have voiced their admiration for the Chinese model. After visiting in 2019 with the Iraqi prime minister, the former Minister of Energy Luay Al Khatteeb wrote, ‘We went to China in search of speed in execution, efficiency in performance, quality in production, competition in offers, technological advancement, and an honest and balanced long-term strategic partnership’. Al Khatteeb later changed his mind and now cautions the Iraqi government about the risks associated with over-reliance on China’s oil companies.

Other members of the same 2019 delegation expressed admiration in a similar way, according to my interviews. The former prime minister Adel Abdul Mahdi, leading the delegation, may be seen as a key player in aligning the Sino-Iraqi relationship – as is Jalal Talabani, the PUK leader and former president of Iraq. For a while in their lives, Abdul Mahdi and Talabani were both Maoists.

China’s ability to navigate between state and non-state

The Iraqi political economy is notorious for politically sanctioned systematic corruption, which is carried out and condoned at the highest levels. China accepts this as an element of the local and cultural way of life and does not challenge it. Chinese companies have been engaged in paying bribes abroad, a phenomenon that President Xi Jinping recently identified and is trying to tackle under the Foreign Related Rule of Law.

One example of corruption is through manipulating subcontracts, such as the contract to build 1,000 schools by Chinese companies to accommodate the growing number of students in the country as a part of the oil-for-construction deal. However, the deal raised a number of questions. For instance, why does Iraq require a Chinese company to construct schools when local companies can do it? Asking this question in the context of Iraq’s political-economic system gives it a distinct resonance. Infrastructure and contracting are one of the major areas of corruption in the country. When the Chinese companies involved in the school-building project ‘subcontracted the contracts at a much reduced price to Iraqis’, local companies created opportunities for political parties and militias to take their cut of the deal.

Corruption both as a norm and a practice makes the elites and institutions in Iraq favour China. However, this support is conveyed quietly, especially after Abdul Mahdi’s toppling and the myth that signing deals with China led to his removal as prime minister. While corruption is also present among Western companies operating in Iraq, the preference of the Iraqi political elite for Chinese companies stems not merely from their tolerance of questionable practices. A significant factor is that Chinese firms do not interfere with Iraq’s relationship with Iran, a nation under Western sanctions.

China and the Federal Commission on Integrity of Iraq signed a memorandum of understanding in December 2023 for the prevention and fight against corruption. This sought to create a secure business climate for international enterprises in Iraq, particularly Chinese businesses. The memorandum indicates that corruption does exist in Iraq and that it must be combated.

At the same time, the memorandum also embodies another of the mutually acceptable traits that defines the Sino-Iraqi connection – namely, a lack of transparency. It is the memorandum that governs China’s ties with Iraq; as such, parliament has no say in the matter. In reality, China disdains parliaments in general, and relates to both the Kurdistan and the Iraqi national parliaments in the same way. According to the Iraqi MP Muthanna Amin, the parliament had no interactions with China in the last 10 years.

China focuses instead on political parties in Iraq, especially through party-to-party links. This is in part due to China’s strong focus on the executive branch of the Iraqi government and in part to avoid publicity and maintain a low profile.

Through the Communist Party of China’s Central Committee and International Department, Beijing has relations with 11 Iraqi political parties, according to a senior Kurdistan Democratic Party (KDP) cadre. Altogether, these different Chinese approaches combine to maintain and enhance Iraq’s current political culture and practices. Additionally, those approaches could support China’s civilizational approach to international affairs, which places a high value on social and cultural resistance to Western hegemony, alongside a stress on sovereignty and non-intervention. This translates into supporting the maintenance of the status quo in Iraq.

China is expanding its influence in the Iraqi government, especially among many of the political parties that back Prime Minister Mohammed Shia’ al-Sudani. In addition to dominating the oil sector, trade and industry, there is social and political backing for the relationship. For instance, the notable Chinese construction firm CMEC signed a memorandum of understanding with the Al-Muhandis Group, which has affiliations with the Popular Mobilization Forces (PMF) in Iraq.

Another unusual feature of the relationship is an ostensibly grassroots Iraqi campaign called the Popular Movement for the Silk Road, which has held rallies, conferences and meetings from Karbala to Basra advocating for closer economic ties with China and shunning Western, South Korean and Saudi Arabian investment opportunities. The movement’s popularity in Iraq and its prolific activity signal the extent to which advocating for Chinese commercial interests resonates with certain political groups that want to reap the benefits of foreign investment while maintaining their stance against the West.

Chinese influence on wider Iraqi society

Iraq’s governing elites are accomplishing many objectives by turning their focus to China. They are seeking to reduce the influence of the US and other Western powers in Iraq in order to eliminate all obstacles to achieve their national goal – unrestricted access to resources and maintaining control over the country. Furthermore, by maintaining Iraq’s dependence on China, the Iraqi elites are trying to preserve the status quo – that is, to retain their private armed groups and elude legal consequences – because they know China is unlikely to contest any of these things.

A low profile, an aversion to publicity and risk, and the speed in which it has developed makes the Sino-Iraqi relationship opaque and mysterious. The economic and political footprint of the relationship has expanded so quickly that Iraqi elites and society at large are struggling to fully comprehend it. Consequently, Iraqis might have to grapple further with the implications of this relationship, especially as the country suffers from weak state institutions and weaker civil society.  link

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Tishwash:  The Venezuelan President announces that he was subjected to a failed assassination attempt during a rally in Caracas

 Venezuelan President Nicolas Maduro announced that he had been subjected to a failed assassination attempt during a rally in central Caracas on Monday.

Mexico - Sputnik . “Today here [in Plaza Diego Ibarra] two armed men were preparing to assassinate me,” Maduro told a large crowd of supporters in Plaza Diego Ibarra after his candidacy was included in the electoral lists to participate in the 2024 presidential elections in July.

He pointed out that "the two detainees admitted that they belong to the far-right fascist Fente Venezuela party."

He stated that the criminals were arrested during the march of the president's supporters before the rally that took place near the National Electoral Council building.

Venezuelan Prime Minister Noam Fernandez announced earlier the arrest of three men who entered the demonstration with explosive devices to assassinate Maduro .

Maduro announced earlier that 5 right-wing opposition "plots" had been foiled in 2023, including plans to assassinate him. link

Mot:  ... Howdy !!!!!

Mot: ... Logic... its Just Logic 

News, Rumors and Opinions Tuesday AM 3-26-2024

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. 26 March 2024

Compiled Tues. 26 March 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 25 March Wolverine:  Ok guys are you ready for good news? Need 400 good emojis. Ok Reno has started. Whales are getting calls to go to Reno. They have signed all contracts. Get ready God bless. …Wolverine

Mon. 25 March MarkZ: There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by mid-week this week. They believe they will actually be walking away from the table with spendable money. People who have not been excited for quite awhile are now excited.

Markz cont…….I am hearing from my banking side. Historic Bonds are getting positive chatter again. It makes me feel it will all be going…and not just the Iraqi Dinar. If it was just Iraq- it would not affect the Historic Bonds. Because the bond folks are excited it looks like it is a bigger event. We in Tier 4b are supposed to go immediately following bonds.

We have always been told that Historic Bonds go first with 1%, then Sovereigns, Indian Nations, large church groups and then Bond Folks get their remaining 9% fiat, then BAM we all start making our appointments. At the same time SKR folks have gotten their payouts. I understand that the whole process should only be a week long and that the very first things we should see is Bond Folks getting dollars.

Global Financial Crisis:

Financial Collapse: Q Drop 3.24.2Q24 – We Are The Plan – Nothing Can Stop What is Coming (Video) | Alternative | Before It’s News (beforeitsnews.com) Black Swan Event: Major Stock Market Sellouts, Major Economic Downturn. At the end of 2-4-2023 Mark Bezos, Zuckerberg and Bill Gates combined to sell out $11 billion in shares; Bill Gates dumped 65% of his portfolio.

Financial Collapse: Theft Legal in NY, Black Swan Coming, Fed Rate Cut Tease | Greg Hunter’s USAWatchdog

Mon. 25 March BREAKING: 44 Million Americans Face Eviction Due To Unaffordable Rental Prices – Epic Economist Video – American Media Group (amg-news.com)

Sat. 23 March Legal Theft in New York: Theft Legal in NY, Black Swan Looming, Fed Rate Cut Tease: General Michael Flynn Warning – American Media Group (amg-news.com)

Mon. 25 March Operation Freedom Earth and the Quantum Financial System (QFS): Crushing the Deep State and Sending Corruption to Guantánamo in Cuba, while Paving the Way for GESARA! – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/03/26/restored-republic-via-a-gcr-update-as-of-march-26-2024/

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

Paulette  While Iraq appears to be on the way to a full RI, I believe there will be an interim step very soon.  If they make the move I anticipate the MCP will be quickly eliminated and they can proceed to a full RI.  A RI is full Article 8 compliance and a return to the rate that reflects the True Value.  In 2009, the MOP/MOF stated move to 1.14-1.17USD/IQD and monitor for inflation up to 3 years and then move the rate to reflect the True Value of 3.208USD/IQD.  This was the plan of Dr S and it appears they are back on track following that plan.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Tv talked about parliament finance has been meeting...with the CBI officials talking about mechanisms to pay the salaries and all the project we have.  This is a good sign.  They are meeting right before the budget goes to parliament next week.  FRANK:  Firefly knows if it does go to parliament and they vote, it will expose an exchange rate.  Certainly not a program rate.

Redefining Ownership: The Impact of Tokenization on Financialization

Lynette Zang:  3-25-2024

Today, Lynette delves into the intriguing topic of tokenized assets, spurred by a viewer's inquiry about BRICS' new asset system.

 From dissecting the concept of BricksCoin to exploring the broader implications of asset tokenization, Lynette navigates the landscape of digitizing tangible assets like real estate, artwork, and commodities.

 As Lynette delves into the implications of this global trend, we encourage you to stay informed and proactive about safeguarding your wealth.

https://www.youtube.com/watch?v=ilNOuCZOs3E

David Hunter: "We're in the Melt-Up Before Global Bust"...What's in Store for Bitcoin, Gold, Stocks

Natalie Brunell:  3-25-2024

In this episode of the Coin Stories podcast with guest David Hunter, powered by Bitdeer Technologies Group (NASDAQ: BTDR), we discuss: - David's forecast of a parabolic melt-up this year followed by a global bust - What's in store for equities, bonds, gold, and commodities? - What will break and cause a deflationary crash? - Has David's take on Bitcoin evolved? Will it survive a major bust?

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

Goldilocks' Comments and Global Economic News Monday Afternoon 3-25-24

Goldilocks' Comments and Global Economic News Monday Afternoon 3-25-24

Good Afternoon Dinar Recaps,

We have several countries becoming Basel 3 compliant this year along with building their foreign exchange reserves. This is why we are witnessing numerous currency reforms taking place in so many countries at this time. The IMF has been meeting with many of these countries the past few years to prepare them for this moment.   Investopedia 1   Investopedia 2

© Goldilocks

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I have an important phone contact to make in about 3 minutes dealing with gold. I will report on it when I get back.

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Interbank Lending Services is over between Banks as of March 11th, 2024. This has led to more price pressure on Gold especially as we have countries beginning to decrease their rates all around the US. Here, is where Basel 3 compliance brings in new support and new liquidity mechanisms.

The US has currently decided to hold their rates until the next FOMC meeting. This holds price pressures on the dollar to remain strong. It is, also, why we talked about Gold and the US Dollar rising together in the end game.

And now, we have China taking the lead on putting even more price pressures on Gold to rise even further. It is believed that China "now" controls the price of gold at this time. Inadvertently, the challenge to the US Dollar World Reserve Asset is beginning to come into play.

The transition into gold will change everything. It is "an idea whose time has come."

We are looking at minimal pressure at this point on the US dollar as the World Reserve Asset, but this story is just beginning.  Kitco   Bitcoin   FX Street

All roads lead to gold, and gold will set us free.

© Goldilocks

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Gold and the US Dollar. The currency war has just begun between the East and the West. Volatility with the US Dollar and Gold is to be expected.

The numbers presently in the future's Market will be changing rapidly depending on who is winning the war.

Behind every war, a currency battle is usually at the heart of them all.  MENA FN

© Goldilocks

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IMPORTANT NEWS IRAQ PM TO VISIT WASHINGTON DC April 15th | Youtube

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Tunisia: New foreign exchange law will have positive impact on Tunisia's relations with donors | Zawya

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World Bank to share more data to attract private investors to developing countries | Devdiscourse

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We currently have a heavily weighted Retail Market. When Retail Investors begin to sell their stocks, watch what happens on the markets.

© Goldilocks

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"Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength"

Japanese yen faces pressure as USD/JPY approaches historic highs, intervention speculation rises
Investing

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"The Japanese rules on liquidity inflows are compliant with the Basel III standards."Basel Committee on Banking Supervision  |  BIS PDF

Yes, the Japanese yen is capable of currency intervention, but we will have to see what they do.

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Russian Digital Assets Announcement:

This week Vladimir Putin signed a law that allows the use of digital financial assets (DFAs) for foreign trade payments. Russia’s concept of DFAs includes tokenized assets and financial instruments issued through central bank-regulated institutions.

When DFAs were first introduced, tokenizing precious metals proved popular. So far digital platforms have supported the issuance of more than 350 instruments (https://www.ledgerinsights.com/russian-rating-agency-acra-sees-banks-dominating-rwa-tokenized-assets/), including bonds, trade finance, and a variety of other offerings.    Ledger Insights

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BRICS countries will see the highest surge in millionaires globally over the next decade | MSN

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Sri Lanka is building their foreign exchange reserves announcement:

A combination of less festive/New Year demand for imports, lack of disposable incomes and increasing remittances along with enhanced foreign exchange flows from tourism has restored the Sri Lanka rupee to favourable proportions against the dollar. |  Sunday Times

Sri Lanka adopted Basel III capital standards in 2017 and capital requirements for Sri Lankan banks have increased. | Trade

The review, once approved by the IMF's board, will release $337 million in funding for the island nation. Sri Lanka defaulted on its overseas debt in May 2022 after a severe shortage of foreign exchange reserves triggered the worst financial crisis since independence from Britain in 1948.  4 days ago --  Reuters

IMF praises Sri Lanka’s economic reforms |  Sunday Observer

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Planning applications you may have missed this week | The Northern Echo

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HANOI (Bernama-Xinhua): The sustainable bond market in East Asian countries expanded 29.3 percent in 2023, outpacing the 21 percent growth of the global and euro-area sustainable bond markets, according to an Asian Development Bank (ADB) report released to the media.

The latest edition of the Asia Bond Monitor said that sustainable bonds in the Association of South-East Asian Nations (ASEAN) members, China, Japan, and South Korea, collectively as ASEAN+3, reached US$798.7 billion by the end of 2023, accounting for around 20 percent of global sustainable bonds.

By the end of 2023, the global sustainable bond markets had reached US$4 trillion, bringing environmental and social benefits to the countries through sustainable bonds financed projects and programs.

ASEAN sustainable bond issuance made up a higher share of local currency financing and long-term financing in 2023, driven by public sector participation, ADB Chief Economist Albert Park said.

The report also said financial conditions in emerging East Asia improved marginally between Dec. 1 and Feb. 29, as the US Federal Reserve was expected to ease its monetary stance. Inflation continued to moderate, and most economies posted sound economic growth in the region. - Bernama-Xinhua The Star

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Don't be surprised if the XRP Ledger doesn't replace the Petro Dollar Agreement.

Watch the water.    😉

© Goldilocks

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 Things can change very quickly in the markets. Open interest contracts or climbing.

© Goldilocks

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More News, Rumors and Opinions Monday PM 3-25-2024

KTFA:

Clare:  The Prime Minister's Advisor announces the decline in the effects of the parallel market and the decline in its activity

3/24/2024  Baghdad - INA - Nassar Al-Hajj 

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the exchange rate of the dollar against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.

Saleh said to the Iraqi News Agency (INA): “Economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.” Legal".

He pointed out that "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects: financial, monetary and commercial," pointing out that "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.”

He noted "the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy." In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.

He pointed out that "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today backed by large foreign currency reserves, which are the highest in the country's history, reaching nearly 111 billion dollars today."

He continued, "These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the commercial efficiency of foreign reserves, which is set at only about three months, and that the ability of these reserves to cover the exported currency is considered complete coverage in foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations. LINK

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

Frank26    Hawaiians, your bank is The Bank of Hawaii.  They do exchange foreign currency right now.  The people that represented us...went past the front line of defense...and got to the wealth management advisors...They did not deny the Iraqi dinar.  They knew what was going on...She said, unfortunately brother at this time we are not able to assist you but as the time progresses in the future we will reach out and contact you...When the time comes we can accommodate all functions that you will need from legalities, lawyers, trust funds, foundations, if you want us to collect your property tax and report it we'll do that for you as well.  She chose her words very carefully... [Post 1 of 2....stay tuned]

Frank26  She says to me, this is private banking.  None of your information will be shared with anyone.  It will not be seen more exposed by any of our tellers.  Only people in the wealth management department will see your numbers.  The people in the front are for the public.  We in the wealth management are separate from them.  The bank, they are the public side, we are the private side...You are the highest tier that we offer... [Post 2 of 2]

Monetary System Spiraling Out of Control, There's No Way To Turn Back: Rafi Farber

Commodity Culture:  3-23-2024

Rafi Farber can see the end game of our monetary system fast approaching, and one of the main signs is the proliferation of insane ideology in the Western world, along with out-of-control government spending and record levels of debt.

Rafi explains how to prepare for the inevitable collapse he sees ahead and why gold and silver play such an important role in bringing humanity back to honest money.

00:00 Introduction

01:21 Gold Hitting All-Time Highs

 05:20 High Gold Prices and Geopolitical Chaos

 09:19 Can the Powers-That-Be Stop This Train?

 11:33 What About Silver?

 15:54 The End Game is Absolutely Coming

18:36 Is the U.S. Economy Strong?

 21:27 Misconceptions About Hyperinflation

30:29 New York Community Bank Crash

 33:56 Preparing For the End Game

37:32 Separating Fact From Fiction

https://www.youtube.com/watch?v=lIx9LouWF5o

Inflation, Debt, and the Dollar's Fate: Peter Schiff's Economic Forecast

Inflation, Debt, and the Dollar's Fate: Peter Schiff's Economic Forecast

Wealthion:  3-20-2024

The Debt Crisis and Its Implications: Peter Schiff  discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.

 He delves into the reasons behind this increase, highlighting the role of deficit spending and the Federal Reserve's actions in keeping interest rates artificially low.

Schiff expresses concern over the sustainability of this debt accumulation and forecasts a looming financial crisis that could result from the inability to manage this debt effectively.

Inflation and Monetary Policy: The conversation covers the topic of inflation in detail, with Schiff criticizing the Federal Reserve's policies, particularly the lowering of interest rates and quantitative easing.

He argues that these measures, intended to finance government debt and stimulate the economy, have contributed to rising inflation rates.

 Schiff also discusses the potential for a more significant inflationary crisis as a result of continued monetary expansion and the devaluation of the currency. Gold vs. Bitcoin Debate: A significant portion of the episode is dedicated to the debate between gold and Bitcoin as investment assets and stores of value.

Schiff, a well-known advocate for gold, outlines his skepticism towards Bitcoin, arguing that it lacks intrinsic value and is highly speculative. In contrast, he champions gold for its historical reliability as a hedge against inflation and its intrinsic value.

The discussion also touches on Schiff's perspective on Bitcoin's role in the financial system and its comparison to gold.

TIMESTAMPS:

0:00 - Introduction

0:30 - The Rate Cut Necessity

1:27 - Deep Dive into the Debt Cycle

2:40 - The Political Consequences of Debt

6:33 - Inflation's Upward Trajectory

 8:19 - The Role of Technological Advancement

11:34 - Fiscal Measures and Solutions

 14:39 - Trump's Economic Policies

17:33 - The Future of Entitlements and Federal Spending

 23:09 - The Wealth Disparity and Inflation

27:13 - Bitcoin vs. Gold Debate

33:22 - The Antitrust Case Against Apple

 36:03 - Monetizing the Debt

 40:33 - The Commercial Real Estate Market

43:22 - Recession Predictions and Economic Outlook for 2024

50:42 - Bitcoin, the New Gold?

https://www.youtube.com/watch?v=tZ7MWGJKUro

"Tidbits From TNT" Monday 3-25-2024

TNT:

Tishwash: The decline of the dollar reduces the burden of high prices on the Iraqi citizen

 The markets of the capital, Baghdad, witnessed, on Monday morning, a decline in the exchange rates of the US dollar against the Iraqi dinar.

the details:

The exchange rate of the dollar on the Kifah and Al-Harithiya stock exchanges recorded 147,400 dinars for every 100 dollars, a decrease of 1,300 dinars from the price of yesterday, Sunday.

The selling price in banking shops in local markets in Baghdad decreased to 148,500 dinars, while the purchasing price reached 146,500 dinars for every 100 dollars.

the reasons:

No official body has announced the reason for the decline in dollar exchange rates.

Some sources suggested that the decline was due to an increase in the dollar supply in the market.

Other sources indicated that the decline in global oil prices may be one of the factors that led to the decline in dollar exchange rates.

Effects:

The decline in dollar exchange rates is expected to lead to a decline in the prices of imported goods.

Declining dollar prices may encourage increased investment in Iraq.

The decline in dollar exchange rates is positive news for the Iraqi economy, but it is important that steps are taken to ensure exchange rate stability in the long term.  link

CandyKisses:  Al-Sudani confirms the start of financing the region according to the decision of the Federal Court

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani confirmed on Monday (March 25, 2024) the start of financing the region in accordance with the decision of the Federal Court.

The Prime Minister's Media Office said in a statement received by "Baghdad Today" that "the Sudanese received members of the House of Representatives from the Patriotic Union of Kurdistan parliamentary bloc, in the presence of the Ministers of Environment and Justice, and during the meeting , they discussed the general situation throughout the country, and the government's measures aimed at developing the economy sector, and its efforts to improve services and ensure a decent living for citizens throughout Iraq, according to the priorities included in the government program in this aspect. "

He added that "the meeting witnessed the affirmation of the need for the integration of the relationship between the executive and legislative authorities, and the importance of continuous coordination in order to legislate laws that support the work of the government and address the obstacles facing the implementation of projects, programs and plans in various sectors."

Al-Sudani pointed out, according to the statement, "the start of financing the region in accordance with the decision of the Federal Court in this regard, and the follow-up of procedures between the Federal Ministry of Finance and the Ministry of Finance in the Kurdistan Regional Government of Iraq, with regard to the localization of the salaries of the region's employees in order to continue paying them."

He continued, "It was also stressed to continue dialogues between the federal government and the Kurdistan Regional Government of Iraq on common files, and that the treatments be in accordance with what is stipulated in the constitution, and that the interest of citizens and their demands are at the forefront of the targets, and make all efforts to enhance internal stability, and push the wheel of economic and social development forward."

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Tishwash:  Oil: Foreign companies wishing to work in Iraq must respect the country’s sovereignty, laws, and judicial decisions

The Ministry of Oil announced: “The most important reason for stopping the export of oil through the Turkish pipeline currently is the refusal of foreign companies operating in the Kurdistan region to officially hand over their production to the regional government,” stressing: “Foreign companies wishing to work in Iraq must respect the country’s sovereignty.” And its laws and judicial decisions, and adapt their conditions accordingly instead of interfering in sovereign affairs related to Iraq’s foreign policy.”

The ministry said in a statement in response to the statement of the Kurdistan Oil Industry Association (APIKOR): “The cessation of oil exports through the Iraqi-Turkish pipeline in March 2023 was... Because of a Turkish decision that resulted from the issuance of an international arbitration decision by the Paris Chamber of Commerce in favor of Iraq. Export did not stop - not for a single day - as a result of an Iraqi federal decision.

After more than six months and important negotiations led by this ministry with the Turkish side, the two parties reached a restart. The pipeline and the treatment of the technical problems that resulted from its closure, in the shortest possible time. The federal government is the most affected by the cessation of exports for reasons related to the sovereign oil policy and others.”

She added: “One of the most important reasons for the current cessation of exports is the refusal of foreign companies operating in the Kurdistan region of Iraq.” About officially handing over its production to the regional government to be exported in accordance with the federal general budget law in force, and this includes companies joining the association mentioned above. It is possible to resume exports in a short period if these companies deliver the oil produced from the fields located in the region in accordance with the law,”

Noting that: “The federal government and the ministry have previously made diligent efforts to overcome all obstacles to resume exports, as is evident from the content of a large number From books, official correspondence, meetings and relevant decisions over a whole year.”

She explained: “The alleged contracts between the oil companies operating in the region and the Ministry of Natural Resources in the region were not approved by the federal government nor the Federal Ministry of Oil at all, because they lack a sound constitutional and legal basis.” . This has been the position of successive federal governments and the Ministry of Oil for more than a decade. It is consistent with the decision of the Federal Supreme Court No. (59/Federal/2012 and Consolidated No. 110/Federal/2019) on 2/15/2022. There is no longer room for discussion after the Federal Court issued its final decision that is binding on all authorities, other than adherence to the decision.”

She continued that she had previously requested from the Kurdistan Regional Government and the oil companies operating in it complete copies of all the contracts mentioned above for the purpose of studying them and arriving at new contracts in accordance with the Constitution and the law. The best policies followed by this ministry are with major international companies, but the required contracts have not yet been delivered. So how can this ministry be asked to abide by contracts that it has not seen and does not recognize, and which are in principle contrary to clear and binding judicial decisions?

The Ministry of Oil explained: “The Iraqi government has previously received, at the highest levels, representatives of oil companies operating in the region as a gesture of good faith with the aim of finding acceptable legal solutions. The Ministry has also previously invited those companies to negotiating meetings for the purpose of finding fair solutions, and has initiated judicial procedures.” The ongoing attacks against the aforementioned companies for the purpose of giving space for consensual solutions, but the companies’ position remained without flexibility or change.”

The Ministry concluded by saying: “The aforementioned association statement included blatant interference in internal and external Iraqi sovereign affairs that have nothing to do with the work of companies, and that this records an additional violation against the aforementioned association and the companies it represents, and is not consistent with the principles of good faith and the principles of foreign investment work,”

Stressing that Under the guidance of the government, it is committed to making all possible efforts to resolve the differences and resume exports through the Iraqi-Turkish pipeline in a manner consistent with the constitution and the law. Foreign companies wishing to work in Iraq must respect the country’s sovereignty, laws, and judicial decisions, and adapt their conditions accordingly, instead of interfering in sovereign affairs related to Iraq’s foreign policy.”  link

Mot: ... UH OH!!!! 

Mot: ........ Be Sure and Plan Ahead... Get Ur Yearly supply!!!

News, Rumors and Opinions Monday AM 3-25-2024

KTFA:

Frank26:  "SALVATION FOR THE BANKS OF IRAQ IS... THE NEW EXCHANGE RATE"......F26

The upcoming meeting between Baghdad and Washington... hopes for quick solutions to save the banking sector from collapse

3/24/2024   Samir Al-Nusair

The White House announced that the anticipated and important visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America and the meeting with the American administration has been set for next April 15.

Makes it very important, in this critical and complex stage that Iraq is going through, that the agenda include meetings and negotiations with the leaders of the American administration, the Treasury Department, and the Federal Reserve, to determine the next and clear paths for bilateral economic relations between the two friendly countries, which have broad relations in all fields and the topics of the visit?

We believe that one of the important files that will be included in the discussions and negotiations, with the participation of the Central Bank and the Association of Iraqi Private Banks, is the issue of financial and banking reform, (FINANCIAL MECHANISM BANKING REFORM -F26) protecting the Iraqi banking sector from collapse after the issuance of sanctions and restrictions by depriving 50% of the total private banking sector from dealing in the US dollar, which is the main foreign currency for banking and commercial transactions.

 In Iraq and international banking relations for a long time, they must be informed by the American administration and the Ministry of A that continuing to deal with the Iraqi banking system in this exclusionary manner and without explaining the real reasons for the sanctions, which date back to activities of previous years, and that the American officials who issued the sanctions on 28 Iraqi private banks praise the safety of transfers.

Foreign Affairs for the purposes of covering private sector imports in 2023 since the implementation of the electronic platform.

 This means that the government and the Central Bank are proceeding in coordination and in great cooperation with the US Treasury and the global financial system in accordance with the banking and financial reform strategy adopted by the government in the governmental curriculum and with high discipline in accordance with international standards for combating money laundering and terrorist financing.

These efforts have actually borne fruit in achieving fruitful economic results after the agreements with the American Bank, the US Federal Reserve and some reputable international banks in 2023 and their approval as correspondent banks for some of our banks, and more than 40 accounts were opened for them in these banks.

Therefore, we believe that the inputs and outputs of this important visit must convince the American side to reconsider the sanctions imposed, especially since all the sanctioned banks are currently subject to audit by K2 International, and this confirms the good faith of the banks that the reasons for the deprivation of dealing in the US dollar were not serious errors and can be overcome if they exist. With joint cooperation between the two parties.

The importance of restoring activity and protecting the private banking system and ensuring the results of its work through the electronic platform for the year 2023, which has confirmed its safety and transparency, and I believe that not reaching quick solutions to this issue will lead to confusion in the commercial and banking market and will affect ration card supplies, which are the primary food source for a large segment of the population.

The Iraqi people, the weakening of the plans and procedures of the Central Bank and the government in financial and banking reform, the lack of control over the stability of the exchange rate of the Iraqi dinar, and the damage to the national economy, which World Bank reports confirm that the economy moved during the Sudanese government from fragility to recovery.

The continued sponsorship and support of the United States of America for Iraq as a friendly country requires it to protect the Iraqi economy and the banking sector from collapse in these difficult circumstances that Iraq, the regional countries and the world are going through. We hope that the discussions on the banking file in Washington will result in its return to practicing all its local and international banking activities. (THE INTERNATIONAL WORLD WELCOMES THE IRAQI BANKING REFORMS!!! -F26)   LINK

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Frank26:   "WE TOLD YOU IRAQ'S RESOURCES & FUTURES ARE ASTRONOMICAL!!!"...........F26

 Natural resources in Iraq...a huge treasure neglected by an “official decision”!

3/24/2024

Economic researcher, Ziyad Al-Hashimi, confirmed that (mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, as unfair government decisions deprived Iraq of huge billion-dollar revenues and global market shares.

Al-Hashemi said in a blog post on the “X” platform, followed by “ Jarida ”, that “(mismanagement of Iraq’s natural resources) and unfair government decisions have deprived Iraq of huge billion-dollar revenues and global market shares, as Iraq is ranked ninth in the world in terms of size.” It has natural resources within its territory, such as oil, natural gas, phosphate, sulfur, and other minerals.

He added, “Estimations indicate that the value of Iraqi natural resources reaches up to 16 trillion dollars, (AND THE VALUE OF THE IRAQI DINAR IS BACKED UP BY THIS!!! -F26)  and this puts Iraq in a distinguished position among the countries of the world rich in natural resources, and despite these enormous wealth, there is official Iraqi negligence to invest in expanding exploration, extraction, production and export.” Many of these resources are natural, as the government’s focus is exclusively on oil.”

He explained, “For example, we find that there is deliberate neglect of the Iraqi phosphate sector (by official decision and for unknown reasons) despite Iraq’s possession of 9% of the global phosphate reserve, and phosphate exports can generate tens of billions of revenues annually for the Iraqi treasury.”

He stressed, “(Mismanagement of natural resources) is one of the major problems that the Iraqi economy suffers from, and it does not appear that there are any official Iraqi efforts to overcome the mistakes that caused billions in losses for this country and its economy, and until the Iraqi government wakes up from its slumber and begins to work diligently and effectively.” Iraq will continue to lose opportunities, shares, and money to other countries, which have greatly benefited from the absence of Iraq and its exports of natural resources from the global market.   LINK

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  Talked to bank friend.  He told me it seems to be the quiet time but soon news on the amending budget will appear...Nothing will get done, so it's going to be soon.  The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote.  FRANK:  Stay very close to your friend because at any moment IMO I believe he'll be able to give you what you're looking for, what they promised you. 

Jeff  Parliament can only approve the budget after the rate officially changes.  The rate has to officially change before parliament can approve it...  

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MARKETS A LOOK AHEAD... This Is Going To End VERY, VERY, Badly.

Greg Mannarino:  3-24-2024

https://www.youtube.com/watch?v=-gePfIP7aB0

Goldilocks' Comments and Global Economic News Sunday Evening 3-24-24

Goldilocks' Comments and Global Economic News Sunday Evening 3-24-24
Good Evening Dinar Recaps,

"The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) issued around HK$6 billion worth of digital green bond offering denominated in four currencies – Hong Kong dollar, U.S. dollar, Renminbi and Euro."

This move constitutes the first multi-currency digital bond offering in the world.

A green bond is a fixed-income instrument used to raise money for climate and environmental projects. 

These bonds are asset-linked and backed by the issuing entity’s balance sheet.  They have the same credit rating as their issuers’ other debt obligations.  

These projects go on to execute the transformative efforts of moving our economy into a new digital framework and projects designed to meet the needs of a changing world.

This multi-currency Green Bond will allow Hong Kong to be provided liquidity in a multi-currency digital framework.   Crédit Agricole CIB

© Goldilocks

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When foreign currency is exchanged across many Clearing House platforms, you want to make sure that your money is exchanged through the appropriate routes.

Accounts with similar IDs or similar ownership benefits utilizing this mechanism keeps the money moving to where it is supposed to go. 

Now, you are seeing why so much time has been spent on beneficial ownership reforms.

On April 2, Hong Kong Exchanges and Clearing Limited will offer this new self-match prevention mechanism service for the securities market (ie Foreign Currency) will open for applications by exchange participants.

Those who utilize this service will be given more security in their trades across borders utilizing various currencies to finish the transactions.   Hong Kong Exchange   CME Group

© Goldilocks

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Bank mergers have been taking place for the last few years, and this trend is expected to continue as our economy shifts into a new digital environment.

The Office of the Comptroller of the Currency acting comptroller has given an official statement showing his agreement with the "FDIC’s Proposed Statement of Policy on Bank Merger Transactions."

This will allow banks to move forward with necessary compliance issues inside a Basel 3 regimen. Banks who are able to move forward will do so. Those who cannot will merge with those who can. Office of the Comptroller of the Currency

© Goldilocks

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Trading mechanisms are changing, banking reforms are taking place, and critical minerals are being secured.

This is the new world that is being digitized in front of our eyes. Tokenized assets are expected to be well above 90% complete by the end of the year on a Global scale.

Many aspects of this new digital economy are being interfaced on the new Quantum Financial System as we speak.

These changes and challenges are much needed in today's world, but it is not enough. Here is where Artificial Intelligence comes in to give us guidance.

The future of Finance requires the successful integration of AI and QFS on financial matters going forward.

New AI simulations have to be capable of meeting the challenges of our new economy through artificial structures designed to clear a path forward and synchronize them with joint efforts to see these manufactured projections come to their conclusion.   The Quantum Insider

© Goldilocks

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The Fed’s Liabilities: How Far Can QT Go?  What’s the Lowest Possible Level of the Balance Sheet without Blowing Stuff Up? | Wolf Street
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EU cracks down on anonymous crypto transactions, needing ownership proof to send/receive payments, aiming to fight money laundering.

Sending/receiving over €10,000 in cash is illegal, targeting large untraceable transactions. Coinpedia

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Backed, a key player in the tokenization of real-world assets, has unveiled a new suite of services tailored for financial institutions looking to enter the digital asset space with security and compliance at the forefront.

The Swiss-based company is expanding its offerings to include the tokenization of private funds and products, addressing the tech-heavy focus of existing solutions by emphasizing compliance and trust.

The newly launched services include Tokenized Trackers for on-chain representation of securities or thematic baskets, Tokenized Actively Managed Certificates (AMCs) for blockchain-based investment strategies, and a comprehensive Tokenization Platform for the creation, management, and distribution of tokenized investment products.   Crowdfund Insider
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UAE firm challenges China for stake in Zambian copper mine | The Cradle

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