Economist's "News and Views" Thursday 3-28-2024

Gold’s Rise Signals a “Major Paradigm” Shift in Global System, Be Prepared Warns Billionaire Kaplan

Daniela Cambone: 3-28-2024

Could history repeat itself, ushering in a new era of gold-backed currencies? Or is gold's meteoric rise signaling a paradigm shift in the global monetary system?

Join Daniela Cambone for an exclusive conversation with Dr. Thomas Kaplan, Chairman of NOVAGOLD and Chairman and CEO of The Electrum Group at the New York Stock Exchange.

They delve into a range of topics, from the geopolitical landscape to how FOMO — the fear of missing out — influences investor behavior, market dynamics, the potential for gold and gold equities, and beyond.

CHAPTERS:

 00:00 Gold price phrases

02:40 Why gold?

7:32 Bitcoin

10:41 Crypto

11:55 FOMO

13:55 Novagold

21:41 Gold

23:17 The power of luck

28:22 Legacy

https://www.youtube.com/watch?v=YB9AvZu9hk8

LIVE: INCREDIBLE! SEEING IS BELIEVING! The Economic FREEFALL IS WORSENING FASTER...

Greg Mannarino:  3-28-2024

https://www.youtube.com/watch?v=UaMO7OCO7fQ

US Scolds China For Record Industrial Growth As Argentina Plans Mass Layoffs Amid Wage Collapse

Dean Foo:  3-28-2024

The US Treasury is now targeting China over growing their industrial capacity. China is dominating the renewable energy market and the US is warning Beijing to stop growing and there's a dark reason why.

 Meanwhile, Argentina is also planning something crazy with Milei planning to slash 70,000 jobs while wages are collapsing.

Here's what you must know!

Timestamps & Chapters:

0:00 US Warns China Against Industry Growth

3:19 China's Industrial Dominance Freakout

7:10 Argentina Massive Layoff Coming

10:05 Inflation Soaring & Wages Crashing

 13:03 China Argentina Decoupling

https://www.youtube.com/watch?v=9w4ESv29tXY

Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 3-28-24

Good Afternoon Dinar Recaps,

"The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast’s busiest ports, tied up coal shipments, and pushed retailers, truckers, and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event."

An event of this magnitude does take a toll on an already fragile Market. We have to remember Market shifts such as these do not happen right away.

The market lags behind a good 4 to 5 days before events like this begin to show up. We will have a choice to add liquidity to the market inflating it more, or we will witness it go to a real value.

The Dow is at its maximum price ever, and there is not another referencing price to match it.

This has the potential to cause an aggressive movement downward to its 200-day moving average. And, an event like this in the shipping industry could take months to years to recover.

Is history repeating itself? Although the circumstances are different, we have the same scenario at play whereby the shipping industry is disrupted. This happened on a much grander scheme when Donald Trump was our president. His administrative team brought us back by the end of the year. Ironically, it was about the same time of the year. It was just before an election too.

This gives everyone an idea just how events such as these can create havoc among the markets. At that time, we considered a currency intervention as we neared the end of the chaos.  WSJ

© Goldilocks

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"In Baltimore warehouses registered with the London Metal Exchange, there are 756 metric tons of nickel, 150 tons of tin and 50 tons of copper, LME data shows."

The measurements above were reported about 2 days ago. The movement of metals supports the banking system. It also supports the dollar.

This gives us an idea of what we may be facing in the banking system as well. When the movement of metals is slowed down, it will have a corresponding effect on the banking system that supplies it's liquidity.   Reuters

© Goldilocks

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"A Basel 3 compliant bank = your Redemption Center, this is where you can choose to exchange."

© Freedom Fighter

"All roads lead to Gold, and Gold will set us free."

© Goldilocks
~~~~~~~~~
"Top smelters agreed the spot market had become disconnected from true market fundamentals, one meeting participant told Reuters."

“It is meaningless to set a guidance price in the current market,” the source added, speaking on condition of anonymity."

Copper derives its prices from mining production, global demand, currency exchange rates, inventory levels, and much more.

Copper is decoupling from the dollar. I really hope you still have those copper pennies and nickels we have talked about for years.

A decoupling event of copper from the dollar would allow both monetary systems to find their real values.    Mining

© Goldilocks

~~~~~~~~~

Did you know that copper tells you how well an economy is doing?

© Goldilocks

https://www.reuters.com/plus/copper-as-an-economic-indicator

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"Post-Covid correlation patterns between commodity prices and the US dollar will become more common in the future. There is a robust and significant long-run relationship between the US dollar and the US terms of trade. In the past, when the United States was a net commodity importer, higher commodity prices corresponded to a lower US terms of trade and a weaker US dollar. Now that the United States is a commodity exporter, higher commodity prices raise the US terms of trade and strengthen the US dollar."

It may not take long for other Commodities to start decoupling from the market fundamentals as copper is doing now.

Then, we will have the freedom of our gold and silver markets to go to their real values.

As our commodity markets are released to real values and real fundamentals, our ability to formulate prices on global currencies based on these new values will become possible.  BIS

© Goldilocks

~~~~~~~~~

"India's payments landscape is on the brink of a major transformation as NBBL prepares to roll out interoperable bill payments network. The goal is to establish standardized rules and design the system for seamless interoperability across various banking platforms."

This will allow The Reserve Bank of India's money to move on to an interoperable system for internet banking transactions.

This new payment system will go through the National Payments Corporation of India the (NPCI).

Interestingly, this is showing up as the MICA rollout of crypto regulations is coming to their final conclusion at the end of May 2024. Will we see a FedNow announcement soon? One-Percent Club Linkedin

Time will tell.

© Goldilocks

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Trains, planes, container ships and now bridge's.
🚢👀🔥

Did you know a second bridge had an incident today also?

A “spontaneous combustion situation” with raw wood products at a landscaping supply center caused a massive fire underneath the Valley View Bridge in Ohio early Tuesday morning.

Remember this is just a coincidence.

The FBI and Joe Biden have stated nothing unusual is happening.

Community notes and mainstream media fact checkers will not allow any debate.
Twitter @DarkIILight

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SEC Adopts Reforms Relating to Investment Advisers Operating Exclusively Through the Internet | SEC

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Hong Kong Monetary Authority - HKMA and SFC further consult on enhancements to Hong Kong’s OTC derivatives reporting regime | HKMA

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Ripple Vs. SEC Update: Judge Torres Weighs Extending XRP Lawsuit Fairly - Forex News by FX Leaders | FX Leaders

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I hope everyone has a peaceful and reflective Easter weekend. I really enjoy this time of the year as it gives me an opportunity to discern just how grateful I am and can be for viewing the world around me through the eyes of the very one who came to save us.

Please keep your focus here as I have word from my banking sources that the RV is not going to happen around Easter. We are just not simply there yet my friends.

© Goldilocks

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"Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains.

Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on the blockchain."    Coindesk

By Omkar Godbole

~~~~~~~~~

I just wanted to update everyone on the CBI contact Dee, Sam, and I speak to on occasions. We are so proud of him.

He has a new role. Central Bank of Iraq (CBI) Investment AND Foreign Remittances Directorate of Iraq. 

© Goldilocks  😉

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A MESSAGE FROM SAM OLIVER ON GOLD  https://t.me/c/1545617426/75830

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Fetch.ai, Ocean Protocol and SingularityNET Unite to Create Artificial Superintelligence Alliance | Business Wire

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Thank you Dinar Recaps

More News, Rumors and Opinions Thursday Afternoon 3-28-2024

KTFA:

Henig:  Việt Nam tackles obstacles to stock market upgrade

March 25, 2024

The SSC has proposed that the MPI work alongside other relevant ministries and agencies to expand foreign ownership limits in non-essential sectors.

HÀ NỘI – Việt Nam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors, said Deputy Director of the Securities Market Development Department under the State Securities Commission (SSC) Phạm Thị Thùy Linh.

Despite successfully meeting seven out of the nine established criteria for the upgrade, the two other requirements remain considerable roadblocks.

To tackle the pre-trade margin requirement challenge, Linh said discussions with international rating agencies are being conducted to seek viable solutions. Additionally, the SSC has proposed regulatory amendments to the Ministry of Finance (MoF). These revisions, if implemented, would eliminate the need for a 100% cash margin requirement for foreign institutional investors, provided they can demonstrate a secure payment process.

Regarding the foreign ownership ratios, the SSC is collaborating with the MoF and the Ministry of Planning and Investment (MPI) to conduct a comprehensive review across various industries. The SSC has proposed that the MPI work alongside other relevant ministries and agencies to expand foreign ownership limits in non-essential sectors. This critical information, translated into English, is expected to be publicly available soon.

The SSC is also making efforts to improve information disclosure regulations, specifically for public and large-scale listed companies. The proposed amendments, once approved by the MoF, would mandate English disclosure for both regular and irregular information updates.

 The implementation timeline for these changes would see English disclosures become mandatory for regular information and large-scale company listings starting January 1, 2025. Irregular information disclosures would follow suit by January 1, 2026, with the requirement encompassing all public companies by January 1, 2028.

The World Bank has projected that if Việt Nam's stock market achieves the coveted "emerging" status, it could attract an additional 25 billion USD in fresh investment capital from international investors by 2030. VNA/VNS   LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: The foreign minister already in USA is a prelude to Sudani grand stand that's coming April 1st, our new fiscal year.   FRANK:   So much is now pointing for your 1st quarter.  April the 1st or maybe the first week of April especially with Sudani going to see the President of the United States in Washington DC on the 15th of April.  It seems to me he's going to go see the president with a new exchange rate under his belt...not the weak leadership of a program rate.

Pimpy  Surprise!  I literally just a couple months ago was looking up the steps Iraq has to take in order to get back on the Swift system and it listed everything saying they were in the process.  That's all it said.  Apparently they are beyond the process and they've been through the process since the end of 2022 beginning of 2023.  Great, that's another big accomplishment for Iraq.  We need to make sure restrictions under the currency are lifted.  We need for them to get into the World Trade Organization and we need to see them on the Forex.  Those things have got to be coming soon.  This is exciting new for Iraq....

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TNT:

Tishwash:  Parliamentary Finance: We hope that the 2024 budget schedules will reach Parliament next week

 On Thursday, the Parliamentary Finance Committee clarified the most important priority sectors in the 2024 budget, and while it expressed its hope that the budget tables would be sent to Parliament next week, it clarified the amount of amounts spent by the governorates last year. 

Committee Chairman Atwan Al-Atwani said, reported by the official news agency and viewed by Al-Iqtisad News, that “the Finance Committee and the House of Representatives support the governors, and this was embodied through the necessary financial allocations in the emergency support law and in the 2023 budget, in which the financial allocation to the governorates and the funds for the reconstruction of the liberated areas reached the limits of The 10 trillion,” indicating that “the number of projects reached about 5,500 projects throughout the governorates, with a total cost amounting to 49 trillion dinars.”

He added, "The total spent from the 2023 budget of the 10 trillion is 3 trillion and 300 billion, distributed at a rate of 1 trillion and 300 billion dinars as completed work pieces and 2 trillion and 200 billion to finance projects until the end of 2023," noting that "our last meeting with the governors came “To embody the support of the Finance Committee and the House of Representatives for the governorates to study the obstacles that prevent the completion of these projects.”

He stressed, "The Finance Committee is waiting for the budget schedules from the government, and we expected the government to vote on them at its last meeting last Tuesday." 

He stated, “There are two paths that the budget takes in its approval: its approval by planning and financing by the Ministry of Finance,” pointing out that “the 2024 budget will focus on the health, education, electric energy, and housing sectors in order of priority.”

He stated, “The mechanism for distributing budget amounts between governorates is done through population and poverty ratios,” explaining, “In the 2023 budget, specific amounts were added to all governorates, regardless of the standards approved by the Ministry of Planning, out of our feeling that the governorates need support and allocating sufficient amounts for development.” in the services sector.”

He pointed out that "the tables are what determine the path of spending and allocation in the budget," pointing out that "the House of Representatives has the right to make transfers between ministries according to the budget law."

Al-Atwani expressed his hope that “next week will be the date for sending the budget to the House of Representatives,” explaining, “There are some governorates and ministries that have stopped funding and are waiting for the budget schedules to be approved.”  link

America standing up for gold & silver Feat. David Tice - LFTV Ep 166

Kenesis Money:  3-28-2024

In this week’s episode of Live from the Vault, Andrew Maguire is joined by a returning David Tice, producer and director of “Grid Down, Power Up” and co-manager of the Precious Metals Equity Investment Management Fund. The precious metals experts disclose the grave threat to both America and the world, warning of geopolitical challenges that could culminate in a takedown of US infrastructure - while offering advice on how to protect oneself with gold and silver.

Timestamps:

00:00 Start

02:45 Overview of the documentary “Grid Down, Power Up”

12:00 If the power goes down, how long might it be down for?

15:15 Gold and silver coins for barter

 20:30 BRICS & the Global South

28:45 Addressing the social side of this situation

 35:00 Will the Fed turn to crypto as it goes short on gold?

 42:30 Gold miners and mining

 45:00 The US Sound Money Movement

https://www.youtube.com/watch?v=jUkC8Mk3tN4

"Tidbits From TNT" Thursday 3-28-2024

TNT:

CandyKisses:  Al-Yasiri: The US administration is working hard to destroy the Iraqi economy

Information/Baghdad...Political and security analyst Mohammed al-Yasiri on Thursday accused the US administration of continuing its hostile policy to destroy the Iraqi economy.
Al-Yasiri told Al-Maalouma that "the US Treasury Department continues to tighten the noose on the flow of dollars to the Central Bank of Iraq and reduce cash liquidity."

He pointed out that "the US administration is working hard to restrict the Iraqi government and dissuade it from demanding the removal of its occupying forces from the country."

He continued, "The US tightening on Iraq on the dollar clearly confirms the lie of the so-called friendship of the United States of America to Iraq.

"The US Treasury Department imposed economic sanctions on eight Iraqi banks recently, preceded by sanctions on fourteen others, and prevented them from dealing in the dollar currency, as the reasons behind the imposition of such sanctions were not explained.

CandyKisses:  The first day of Eid al-Fitr.. Determining the day of sighting the crescent by astronomical calculations

Baghdad today - follow-up

The 18th day of the holy month of Ramadan has entered today, Thursday (March 28, 2024), with a number of theories circulating about astronomical calculations of the time and date on which the Eid al-Fitr crescent can be seen.

The International Astronomy Center published two maps of the moon's path and the areas where it can be seen, saying in its report, as follows:

The possibility of seeing the crescent of Eid al-Fitr on Tuesday, April 9, 2024

- Visibility of the crescent is impossible from areas in red due to moonset before sunset and/or due to surface conjunction after sunset.

- The crescent is visible using a telescope only from areas located in blue.

- The crescent can be seen using a telescope from the pink-colored areas, and it is possible to see the crescent with the naked eye in the event of complete atmospheric clarity and observation by an experienced observer.

- The crescent is visible with the naked eye from the areas located in the green color.

- The crescent is not visible with the naked eye or by telescope from uncolored areas, although the moon sets after sunset and the surface conjunction occurs before sunset, due to the lack of illumination of the crescent and/or its proximity to the horizon.

- Please note that the figures show that the crescent can be seen in areas between latitudes 60°N and 60°S.

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Tishwash:  Everyone in Iraq wants the Sudanese visit to Washington to be successful, even the factions!

 Once again, Washington is talking about the continued threat of ISIS in the region, days before Muhammad Al-Sudani's expected visit to the White House.

Foreign Minister Fouad Hussein says that the withdrawal of American forces from Iraq “needs time” and “knowing the type of forces.”

No party inside the country objects to these statements, which seem to undermine the main goal of the visit, which is "removing the American forces."

Last Friday, the White House announced that Sudanese's visit to Washington would take place on April 15, a date postponed from last year.

US Secretary of State Anthony Blinken and Fouad Hussein, who preceded the Prime Minister to Washington a few days ago, affirmed their countries' determination to continue the partnership in fighting ISIS.

Blinken said before entering the meeting room at the State Department: “Despite the good work we have done over the years in dealing with this threat, the horrific attack that occurred near Moscow a few days ago reminds us that ISIS is still a force that we must continue to deal with.” with her".

He pointed out that what happened in Moscow is a reminder "that we must continue to deal with ISIS."

For his part, the Iraqi Foreign Minister said, "It is a pleasure to be here and to hold discussions on various topics related to our bilateral relations."

He continued, "We were partners in the fight against ISIS, and we will remain partners in this battle," noting that continuing the fight against terrorism "is our duty, and we have done a wonderful job in defeating the so-called ISIS terrorist state."

According to a US State Department statement, the meeting comes in preparation for the meeting of the Supreme Coordination Committee between Washington and Baghdad, and the expected visit of Prime Minister Muhammad al-Sudani to Washington, where he will meet with US President Joe Biden.

In this regard, Blinken said, “We look forward to Al-Sudani’s visit to see President Biden in a few weeks.”

He added that the Supreme Coordination Committee between the two countries "is an important part of the strategic framework agreement that guides the comprehensive relationship between Iraq and the United States."

He continued, "Our partnership includes many issues that have a direct impact on the lives of Iraqis as well as Americans... everything, from water to energy to the environment to services."

He revealed that the US administration is "very much looking forward" to preparing for that meeting (the coordination committee) as well as dealing with some of the direct challenges facing the two countries.

He said, "For us, Iraq is an important partner for the stability of the region."

Baghdad had announced a few days ago that it would discuss five files in Washington, one of which was the issue of the withdrawal of American forces, which it confirmed was a file that “does not accept maneuvering or courtesy.” In this context, Rahim Al-Aboudi, a member of the Al-Hikmah Movement, told Al-Mada: “Sudani’s visit to Washington is important in the hope that the work of the joint Iraqi-American committees will shift to scheduling the withdrawal and moving to comprehensive, security, and economic relations.”

The two parties engaged in more than one dialogue in Baghdad about assessing the situation in the country, 7 years after Iraq declared “victory over ISIS,” while there is conflicting information about Washington’s approval to withdraw forces.

Foreign Minister Fuad Hussein had said a few days ago in Washington that withdrawing forces from Iraq "needs a period of time and knowledge of how to withdraw and the type of forces withdrawn."

He pointed out that "these questions need answers, and the answers come from both sides, and as a result there will be an agreement between the American and Iraqi sides, and according to the joint agreement, the new policy will be approved."

Analysts at home, such as Ihsan Al-Shammari, head of the Center for Political Thinking, who told Al-Mada, believe that "the United States is not ready now to withdraw forces."

Western reports also indicated that Biden may agree to withdraw "part of the coalition forces, but not the American ones," on the condition of protecting his country's forces in Iraq.

On the other hand, he interpreted the words of the US Ambassador to Iraq, Elena Romanowski, a few days ago about the “danger of ISIS” as a prior refusal to discuss the issue of withdrawing forces.

Romanowski told Reuters, "The work of the US-led military coalition with Iraq to completely defeat the organization is not over yet." The words of Blinken and Romanowski were not commented on by any party in Iraq, and even the factions remained silent.

Abu Ali Al-Askari, spokesman for the Hezbollah Brigades, had warned that not removing the coalition forces from Iraq “will open the door to hell,” but he made a threat days before announcing the date of Al-Sudani’s visit.

It is now believed, according to what is circulating in political circles, that remaining silent on the American positions is because everyone wants the visit to be a success. The government, the coordination framework, and even the factions that do not seem ready to lose new leaders due to American raids.

Rahim Al-Aboudi says: “Strengthening the partnership with the United States will be very important for Iraq, as it will allow American companies to enter the investment market and other companies affiliated with the coalition countries.”

On the other hand, Haider Al-Salami, a member of the Foreign Relations Committee in the House of Representatives, points out that what matters to his committee is that “Iraq returns to being an effective state in the region, and that issues of sovereignty are discussed clearly with Washington.”   link

Mot: Have YOu Ever Seen Easter Biker Chicks???? ...........

Mot: Remember !!! It is Soooo Important to Help the Kids Enjoy Easter!!! ~~~

News, Rumors and Opinions Thursday AM 3-28-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 28 March 2024

Compiled Thurs. 28 March 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Wed. 27 March MarkZ: MZ: We are receiving some bond news. There were several bond meetings. Until now they were waiting for all the contracts to be finished and final and your payment of the 1% early next week. So it’s positive… it will be right around Mon. 1 April 2024.

Wed. 27 March Wolverine: A lot of people have received emails telling them to get their platforms ready. People have been paid. Money by Easter Sun. 31 March.

Tues. 26 March NESARA and GESARA Unveil Monumental Changes: Global Implementation Begins! – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/03/28/restored-republic-via-a-gcr-update-as-of-march-28-2024/

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

Frank26   IMO the United States of America has been paid in full...mission accomplished...IMO Iraq and the United States have come to an agreement on many files and the one important file was the sanctions on the banks that needed to be lifted...There is a lot happening.  It is complex.  It is tedious.  It's all concerning the monetary reform.

Frank26   All the contracts that Al-Sudani signed around the world are now being recalculated and being converted into dinars...That takes guts to do that.  Normally a country would simply walk away and say forget you, up yours.  But right now Sudani has so much power, he is in so much control that the world will bow to any of his demands concerning the economic reform of Iraq all because the monetary reform was successful and proven to them.  They all want a piece of Iraq, at whatever cost.

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From Recaps Archives

For Dinar - What you will see on Forex or CBI WHEN IT RVs

$ RATE = What you will see on Forex or CBI

$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100

BACK TO GOLD: Fed Says the US Should RETURN TO GOLD Standard to Lower INFLATION

Lena Petrova:  3-27-2024

https://www.youtube.com/watch?v=Bf0J5YMhxt8

The White House Submits $5 TRILLION Tax Hikes

Atlantis Report:  3-27-2024

The White House has proposed a significant tax increase of $5 trillion, sparking intense debates nationwide. This unprecedented move, aimed at addressing the country's mounting fiscal challenges, has kindled a lot of debates across the political sector.

Supporters argue that the increase is necessary to address financial challenges and fund important policy initiatives, while opponents view it as excessive and detrimental to economic growth. The White House's tax hike proposal can potentially reshape the nation's economic and political sector for years, making it a key issue that demands careful examination and thoughtful consideration.

Today, we will examine what is being proposed, its rationale and impact on the economy.

https://www.youtube.com/watch?v=gQupp30fP5g

The Easiest Way To Get The World’s 6th Best Passport

The Easiest Way To Get The World’s 6th Best Passport

Notes From the Field By Simon Black  March 27, 2024

On June 5, 1947, US Secretary of State George Marshall gave the commencement speech at Harvard University.

This was just two years after the end of World War II, and in this speech, he first proposed giving $12 billion (approximately $170 billion in 2024 dollars) in economic assistance to help rebuild Western European economies ravaged by the war.

But it was about more than just throwing money at the problem.

What became known as the Marshall Plan was also meant to remove trade barriers, increase economic cooperation between countries, and prevent the spread of communism.

Remember, this was at a time when people still widely understood that capitalism was a win/win system where people take risks and work hard to create value and mutual prosperity.

By the 1950s, it was obvious that the Marshall Plan was playing a key role in the recovery of Europe's economy and laying the foundations for the post-war boom.

It was in this spirit of cooperation— and gratitude for the US— that the US and the Netherlands got together in 1956 to sign the Dutch American Friendship Treaty (DAFT). Yes, I chuckled at the acronym too.

The point was to make it easier for Americans to live and invest in the Netherlands, and vice-versa, and it’s still in force today.

The treaty allows US entrepreneurs and freelancers to obtain legal residency in the Netherlands for the purpose of starting a business, with an initial requirement of depositing approximately EUR 4,500 (about $4,900) in a Dutch bank.

In the digital age, this allows a wide range of self-employed professionals, like IT consultants and freelance writers, to easily benefit from DAFT without needing to establish a traditional brick-and-mortar business.

And after five years of total residency, you can apply for Dutch citizenship.

Now, nothing against the Netherlands, but you may not want to live in a place where it rains about half the year. Or a 6+ hour time zone difference from the US might not work for you.

But the same treaty offers an even better deal in the six Dutch territories of the Caribbean— Aruba, Bonaire, Curaçao, Saba, Saint Maarten, and Saint Eustatius.

Under the treaty, US citizens are entitled to obtain legal residency in one of these islands without even having to start a local company or invest money.

To maintain your residency, you need to keep closer connections to the island, and cannot leave the country for longer than 12 consecutive months unless it’s for medical reasons.

Plus, this one strategy may allow them to accomplish several goals.

For example, some of the most basic elements of a Plan B include gaining foreign residency and cutting your tax rate.

By gaining this easy residency and moving outside of the US, you could also use the Foreign Earned Income Exclusion to earn $126,500 tax free in 2024. Double that for married couples, and add the Foreign Housing Exclusion, and you’re talking about well over a quarter million dollars each year you can earn tax free.

And because of the tax rules on these islands, in most cases, you should be able to minimize or even eliminate your taxation there entirely (although you should definitely consult a tax professional who understands your particular situation).

Finally, this strategy puts you on a five year path to be able to naturalize in the Netherlands, which comes with the sixth best passport in the world. That’s an amazing passport to pass down to future generations.

There is a downside however... in order to become a Dutch citizen, you generally must renounce your other citizenships. (They do, however, make exceptions if giving up your original citizenship would create a serious hardship or disadvantage.)

But that’s under current Dutch law. That could change in five years; after all, Germany recently did away with the requirement to renounce other citizenships.

Now, DAFT is obviously not for everyone. But the larger point is that it’s a good way to think about implementing a Plan B to combine multiple benefits of a single strategy.

For a remote worker who wants to move to a warmer climate, obtain a foreign residency, cut their taxes, and gain a second passport, this ticks a lot of boxes.

You may have entirely different goals.

But chances are, you can find ways to craft your own Plan B in a similar manner that allows you to gain multiple benefits from a single action.

For example, we recently wrote about the Greek Golden Visa, which allows you to gain a foreign residency by buying property. It’s a great “back up residency,” since there are minimal requirements to spend time within Greece.

It’s also a way to gain some investment return from your Plan B, by renting out the property when you’re not there. Plus, Greece offers great tax incentives to retirees who move there.

So you could gain a foreign residency now, and use the rental income to pay for the home you plan to retire in.

Even something as simple as contributing to a tax-advantaged retirement account can allow you to employ multiple strategies to not just cut your taxable income, but also save for retirement.

Depending on the structure, you could also gain more control and options over where your retirement money is invested or capitalize a new business from your retirement account without penalties.

There are a lot of tools out there to take back so much of your freedom and prosperity. It makes sense to use them to their full potential.

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

https://www.schiffsovereign.com/trends/the-easiest-way-to-get-the-worlds-6th-best-passport-150317/  

[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.]

Goldilocks' Comments and Global Economic News Wednesday 3-27-24

 Goldilocks' Comments and Global Economic News Wednesday 3-27-24 

Good Afternoon Dinar Recaps,

"Since trade values mostly increase when switching from MFN schemes to FTA schemes due to the latter’s lower tariff rates, a depreciation of the domestic currency may increase more than when only considering the above typical effect through relative price changes."

Vietnam is currently working on a couple of finishing touches to the payment side of their new stock market upgrade. They are currently working on trading ratios that allows a Free Trade Agreement based on supply and demand moving forward.

Vietnam does have some banks that are Basel 3 compliant, and more integration inside this upgrade is still taking place. For them to trade on a supply and demand platform, they need to prove that they have enough commodities and services to support this change into a Free Trade Agreement with other countries.

This will greatly enhance their currency's purchasing power, and the demand for it will increase its value. The implementation of this new status of Free Trade Agreements is expected to be implemented on January 1st, 2025. Vietnam News     CEPR

Watch the water.

© Goldilocks

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Most countries around the world are bankrupt or on the verge of being so with no ability to repay their debts. War, inflation, geopolitical issues, debt and more have created price distortions inside our International Financial System.

Part of the process of restoring credit to an individual or countries is to go through a Credit Valuation Adjustment. You are going to hear the term Credit Valuation Adjustment as we get closer to the moment when Nations around the world sign an International Treaty Agreement to make these changes.

This is part of the reason why we have Basel 3 compliance coming into play this year. These new requirements will reveal Financial flaws needing to be adjusted inside the banking system and force mergers needed to successfully put us on a path that is sustainable going forward.  Bank of England
Wikipedia

© Goldilocks
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👇 I will be back a little bit later. I have to check in with a couple of my trading partners. When I return, I will have some banking updates for you. 👇

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MICA Announcement:

Markets in Crypto-Assets (MICA) has finalized their draft. Service providers are concerned about overreach and clarity on some key issues, but the ability to move forward and test the new digital asset-based trading system is possible at this point.   CNN News

© Goldilocks  

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IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies | Coin Telegraph

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Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules | Hellenic Shipping News Worldwide

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Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged | Wolf Street

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The collapse of a major bridge along a crucial trade corridor outside Baltimore idled shipping at one of the East Coast's busiest ports, tied up coal shipments and pushed retailers, truckers and industrial firms to reroute shipping volumes to contain the economic fallout of the catastrophic event.   WSJ

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👆 More on this tomorrow. I want to check in on a few things dealing with how much this will affect our economy because it will.

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James Rickards: Stocks, gold & bitcoin price predictions as Wall St bulls face rising nuclear threat | Youtube

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More News, Rumors and Opinions Wednesday Afternoon 3-27-2024

TNT:

Tishwash:  Parliamentary Finance: The 2024 budget reached 228 trillion dinars

The Chairman of the Finance Committee in the House of Representatives, Atwan Al-Atwani, announced today, Wednesday (March 27, 2024), the size of the 2024 budget, while noting that it amounted to 228 trillion dinars.

Al-Atwani said in a statement received by "Baghdad Today", "The 2024 budget amounted to 228 trillion dinars." 

On (March 18, 2024), Prime Minister Muhammad Shiaa Al-Sudani chaired a special meeting to discuss the schedules of the federal general budget for the year 2024 .

Al-Sudani’s media office said in a statement received by “Baghdad Today” that “Al-Sudani chaired a meeting devoted to discussing the schedules of the federal general budget for the year 2024, and presenting priorities in the sections of spending and supporting service, economic and social projects, and strategic projects, within the course of the three-year budget (2023, 2024). , 2025  link

Tishwash:  Al-Mandalawi calls on Chinese companies for long-term investments and sustainable cooperation in Iraq

Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, on Wednesday, called on Chinese companies to implement long-term investment projects and sustainable cooperation in Iraq, stressing his support for legislating laws that contribute to the influx of solid companies into the country.

Al-Mandalawi said in a statement received by Shafaq News Agency, during his meeting with a number of heads of Chinese companies, that "Iraq is witnessing competition between major reputable international companies for investment in various fields and sectors."

He stressed "the support of the House of Representatives, through its presidency, its relevant parliamentary committees, and all its members, by legislating laws that contribute to encouraging the flow of sound companies into the country."

Al-Mandalawi called on Chinese companies to "engage in long-term investment opportunities and create joint and sustainable cooperation."

The statement added that during the meeting, the projects that Chinese companies are implementing in the fields of energy, infrastructure, roads, bridges, etc. were discussed, and the rates of achievement achieved in them, as well as the challenges they face.

Al-Mandalawi pledged to overcome these obstacles and address them with the relevant authorities.  link

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

Militia Man  Article:  "Investing Iraq's natural wealth is a step towards economic integration". The next step to integration is here. The estimate of $16-17 trillion in stock capital by itself is massive. The legislation has been put in place for Iraq to use their executive authority to partner with the private sector...That will expand their wealth even further. They will be doing exactly what they said they would do and bring purchase power to their citizens and by extension to investors in and of the Iraqi Dinar. The dinar will be stronger than the dollar and Al-Sudani knows it, Al-Alaq, Taif Sami, Fuad Hussein and the whole MCOE knows it, I sure do too! ...No more reliance on just oil is here to stay...

Clare  Article:  "Natural resources in Iraq...a huge treasure neglected by an “official decision”!"  Quote:  unfair government decisions have deprived Iraq of huge billion-dollar revenues...It has natural resources ... such as oil, natural gas, phosphate, sulfur, and other minerals...Estimations indicate the value of Iraqi natural resources reaches up to 16 trillion dollars...this puts Iraq in a distinguished position among the countries of the world rich in natural resources...For example...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.

A SYSTEMIC/GLOBAL MELTDOWN IS GOING TO OCCUR... YOU MUST STAY AHEAD OF THE CURVE ON THIS.

Greg Mannarino:  3-27-2024

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

Philly Fed Researches A Gold Standard To See If It Would Stabilize Prices

Arcadia Economics:  3-27-2024

https://www.youtube.com/watch?v=pK7AvjyUwU4

Economist's "News and Views" Wednesday 3-27-2024

China Crackdown On Evergrande $78B Fraud, Major US Port Shutdown After Collision Collapses Bridge

Sean Foo:  3-27-2024

China is cleaning house and doing a big crackdown on Evergrande. Regulators have accused the developer of the world's biggest financial fraud and it's indeed massive in scale.

Meanwhile, a tragedy just hit the city of Baltimore. Because of a collision, the Key bridge has collapsed causing a total shutdown of the Baltimore port.

Here's how severe this crisis is and how the US supply chain is affected.

Timestamps & Chapters:

 0:00 China's Massive Evergrande Crackdown

 3:07 Developers Collapsed Everything

7:13 Baltimore Port Total Shutdown

9:52 Big Supply Chain Collapse

13:00 New Inflation Crisis Coming

https://www.youtube.com/watch?v=GbkDYZ6TKJg

Vince Lanci: The Dollar's Still King, But Its Throne Is Cracking

Arcadia Economics:  3-27-2024

It''s a strange environment we live in. Where the dollar is the world's reserve currency, yet it continues to lose value, and as a result, a large portion of the world is spending a lot of time trying to figure out alternatives.

And in today's show, Vince Lanci looks at how the dollar is still the king, yet talks about why that status is being questioned, and is going to be diminished over time.

Changes in the international monetary sphere are happening now, and the shifts suggest that 30 or 40 years from now, we'll look back at this period as a pivotal time in the financial landscape.

To understand why, and to be prepared for what's building, click to watch the video now!

https://www.youtube.com/watch?v=QdS59laaoaI

The Fed's Plan to Restart QE - But This Time through Banks

Heresy Financial:  3-26-2024

TIMECODES

0:00 Video Overview

0:34 Historic Debt

 3:21 Reverse Repo Market

5:42 Government Borrowing

 9:12 Supplementary Leverage Ratio Rule-

https://www.youtube.com/watch?v=bo9xrxkbXAg

"Tidbits From TNT" Wednesday Morning 3-27-2024

TNT:

CandyKisses:  US State Department urges Baghdad and Erbil to end oil dispute

Mawazine News-Baghdad

The US State Department announced that the United States will continue to seek the resumption of the export of oil to the Kurdistan Region, an issue in which it has engaged “at the highest level,” calling on all parties to reach an agreement on this regard.

Washington is urging Baghdad and Erbil to work together, ministry spokesman Matthew Miller said at a press conference, noting that during their meeting today, the US and Iraq foreign ministers discussed the problems between Baghdad and Erbil.

In this regard, he pointed out that the US Secretary of State told his Iraqi counterpart that “stabilizing relations between Erbil and Baghdad will bring economic benefits to all Iraqis,” noting that “will be a good thing for the region, and we encourage the two partners to work together.”

On Washington’s efforts to resume oil exports, he said that “the United States has engaged at the highest level in this issue, and we urge all parties to reach an agreement to resume the export of oil via the pipeline.”

CandyKisses:  Iraq Refund Fund returns nearly 7 billion dinars to the Ministry of Finance

Baghdad Today - Baghdad

Today, Wednesday (March 27, 2024), the Iraq Fund announced the return of nearly seven billion dinars to the state treasure, as well as more than (300) dunums of agricultural land and three properties during the current year.

The Deputy Chairman of the Board of Directors of the Fund, Ayman Daoud Salman, said in a statement received by "Baghdad Today" that "the Fund was able during the current year (2024) to reveal accounts for the Republican Guard in the former regime , amounting to (4,386,303,138) billion dinars, and an amount of (1,918,486) million US dollars

Which is equivalent to (2,267,645,000) two billion dinars from the account of the General Company for Railways - Plan Projects, in Rafidain Bank, and was able to return the mentioned amounts to the Ministry of Finance's open account with the Central Bank, pointing out that it has already been Transfer funds to dormant accounts."

The statement added that "based on the law of seizure and confiscation of movable and immovable property belonging to the pillars of the former regime, and after conducting investigation, observation and verification of the information received about the existence of agricultural land still registered in the names of the former regime's cronies, an agricultural plot of land with an area of (300) dunums was detected and confiscated in the name of the so-called (Ali Hassan Al-Majeed) and his brothers in Kirkuk Governorate - Hawija District - Al- Multaqa district, noting the re-registration of the land in the name of the Ministry of Finance."

He pointed to "the detection of the process of forgery and sale of three residential houses in the Mansour area in Baghdad belonging to the Chief of Staff of the army in the former regime (Hussein Rashid Al-Tikriti)," stressing that "the houses with an area of (2210 m2) were returned to the Ministry of Finance, and the negligent were referred to the Integrity Commission, " explaining that "the Fund returned to the Ministry of Finance an agricultural property with an area of (5) dunams registered in the name of (Abdel Fattah Mohammed Amin) a former member of the Qatari leadership."

The statement stressed that "the return of the aforementioned properties was based on the provisions of Law No. (72 of 2017), which includes the seizure and confiscation of movable and immovable funds belonging to the pillars of the former regime, in coordination with the concerned authorities."

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CandyKisses:  Sudani confirms the movement of more than 490 projects and returns them to work in record time

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani confirmed today, Wednesday (March 27, 2024), the movement of more than 490 projects and their return to work in a record time.

The Sudanese media office said in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Sudani, conducted just before dawn today, an inspection tour at the site of the Eagles Square project, which is one of the projects to break traffic jams west of the capital, Baghdad, accompanied by the Minister of Construction and Housing, and the official of the Chinese company ChinaRailway. "

Al-Sudani "Suhoor Ramadan participated with the workers at the site, the employees of the resident engineer and engineering consultant department of the project, and employees of the executing company," according to the statement.

He also expressed his "appreciation for the continuation of work 24 hours a day and three meals a day, in order to speed up completion and bring the project into service."

Al-Sudani stressed, in a speech with the workers, that "this project is one of the most accurate and important projects for the movement of citizens in the capital," praising "the efforts of the workers at the site and the supporting bodies that The work is maintained in the spirit of one team

Mot: .. Twas the night before Easter!!!! 

Mot:  .. big deal hmmmmm

News, Rumors and Opinions Wednesday AM 3-27-2024

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 Wed. 27 March 2024

Compiled Wed. 27 March 2024 12:01 am EST by Judy Byington

It’s only wise to have at least a three-week supply of food, water, cash, fuel, medicine and essential items on hand for yourself and to help others in case of a disaster.

Global Currency Reset:

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: One of my Bond Holder contacts expected things to happen by mid-week this week. They believe they will actually be walking away from the table with spendable money. Historic Bonds are getting positive chatter again. We in Tier 4b are supposed to go immediately following bonds. 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.

Mon. 25 March Iraqi Dinar Video Update: A massive announcement happened on Iraqi TV. There was a huge elimination of zeros and the Iraqi budget. The International Monetary Fund (IMF), US Treasury and World Bank increased in value by 100%: https://www.youtube.com/watch?v=Y1fsE-Zy7cc

Tues. 26 March: NESARA and GESARA Unveil Monumental Changes: Global Implementation Begins! – American Media Group (amg-news.com)

Starlink, QFS, Project Odin, MOSSAD Satellites and the Biggest Secrets Unfolding in our Cosmos – American Media Group (amg-news.com)

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Tues. 26 March 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

The St. Germaine Trust is opening on Easter Sun 31 March and goes to support GESARA globally.

Super Whales who were really large bond holders, finished three months ago but don’t yet have access to their funds.

Whales in Tier 3 finished last Fri. 22 March and were awaiting a go to have access to their funds.

The regular Bond Holders will be finished up tomorrow Wed. 27 March afternoon. Their emails will go out 3:00 on Wed.

We in Tier4a,b are to be notified to set appointments to exchange on the heels of the regular Bond Holders who will be completed around 3:00-4:00 pm Wed. 27 March to Thurs. morning 28 March.

The R&R funds release and Social Security increases will happen in April.

The USN will be out around 15 April.

New rates are coming out on Dong and Dinar on Wed. 27 March around 3-4:00 pm.

Read full post here:  https://dinarchronicles.com/2024/03/27/restored-republic-via-a-gcr-update-as-of-march-27-2024/

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

Frank26  The 15th of April is interesting because we have him [PM Sudani] going over there [DC] but do we have to wait until the 15th of April to see the new exchange rate.  No.  Especially when Sudani says I have an announcement to make to you.  He said he would do it during the Ramadan...

Mnt Goat   Article:  "IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES.."  Quote:  "Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years."  OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate... 

Economic Bombshell: Emergency CUTS Signaled, Japan Prepares Dollar Dump To Save Collapsing Yen

Sean Foo:  3-26-2024

The Federal Reserve has signalled emergency rate cuts if the unemployment rises. They are even willing to suspend the inflation fight to prop up the US economy. This is urgent and dangerous. Meanwhile, to save the collapsing Yen, Japan is moving to do another currency intervention. The BOJ is planning to dump billions of US dollars to prop up the Yen. Here's what you must know.

Timestamps & Chapters:

 0:00 Powell Signals Emergency Cuts

 3:23 Big Weakness In The US Economy

5:55 Big US Recession Risk

7:59 Japan's Big Dollar Dump

11:20 Massive Yen Crisis

https://www.youtube.com/watch?v=12rNJznOnVI