Keith Weiner: Will Gold & Silver Prices Soar in a 2008-Style Economic Collapse?

Keith Weiner: Will Gold & Silver Prices Soar in a 2008-Style Economic Collapse?

Palisades Gold Radio:  4-2-2024

Tom welcomes back, Keith Weiner, to the show. Keith is the President & Founder of Gold Standard Institute USA and CEO of Monetary Metals.

 Keith discusses his 2024 gold outlook report which focuses on cause and effect in markets and economy, analyzing the impact of rising interest rates on GDP components like consumption and wages.

Higher interest rates reduce the burden of paying wages but also decrease credit availability, affecting businesses' ability to operate.

 Consumers may sell assets as wages and other expenses tighten up.

Keith discusses the use of lagging indicators like employment and yield curve inversion to predict economic trends.

Employment is said to be a lagging indicator because it reacts to changes in the economy with a delay, and its predictive value is reduced due to the Feds influence on employers.

 Yield curve inversion, where long-term interest rates are lower than short-term ones, has historically signaled an upcoming recession. However, Keith argues that this indicator should be interpreted carefully because the Fed only controls short-term rates.

The low interest rate environment of the past 40 years has driven businesses to take on more risk and leverage to achieve returns. This has resulted in the creation of "zombie companies" that have profits less than their interest expense and cannot survive without artificially low interest rates.

A recent study found that 20% of corporate debt was zombie debt before interest rates started to rise. The impact of hiking interest rates on these companies is uncertain, but it has not yet resulted in widespread issues.

 It seems that the current economic situation, with high inflation and rising interest rates, is leading to a process of supply destruction in many industries. This means that in order for companies to maintain or increase their return on capital, they will need to destroy a significant amount of supply, which will likely result in job losses, bankruptcies, and a lot of pain for entrepreneurs and investors.

 The market will only reward the best and luckiest actors in this situation, as those who got loans earlier or have lower cost structures may be better positioned to survive.

Keith believes this rise is due to physical demand in the East and not speculation as seen before.

Gold may drop less during a crisis compared to other assets and could make new highs soon after. There's less leverage in the gold market now, leading to less price drop during liquidation and potentially higher prices post-crisis.

Gold's future price should be higher than spot due to carry costs, primarily interest rates. Dubai sees high demand for physical gold, with an estimated 500-700 tons a year being unofficially exported through retail purchases by tourists.

Time Stamp References:

0:00 – Introduction

 0:36 - Spending & Wages

 5:07 - Consumer Squeeze

7:36 - Lagging Indicators

10:48 - Yield Curve Inversion

 14:40 - Returns, Risks, & Zombies

22:02 - GDP & Gov't Spending

23:23 - Credit Tightness

24:37 - Supply/Demand Issues

29:12 - Fed & Capital Costs

37:07 - 2024 Gold Performance

41:28 - Next Crisis & Fed Cuts

43:54 - SOFOR & LIBOR

48:12 - Jewelry Trade & Dubai

50:47 - Wrap Up & Gold Report

Talking Points From This Episode

- The impact of rising interest rates on GDP components and their role in creating "zombie companies."

- Employment acts as a lagging indicator influenced by the FED and cautioned against overinterpreting yield curve inversion as a sign of an upcoming recession.

- Current high inflation and rising interest rates, could result in supply destruction, bankruptcies, and job losses in various industries.

https://www.youtube.com/watch?v=Gj8SPL0tWJE

More News, Rumors and Opinions Tuesday PM 4-2-2024

TNT:

Tishwash:  Russian Ambassador: America does not want to leave Iraq and will resist through blackmail

The Russian ambassador to Iraq, Elbrus Kutrashev, confirmed on Tuesday that there are no real American intentions regarding the American withdrawal from Iraq.

 Kutrashev said in an interview followed by Mawazine News: “The number of members in the media department of the American Embassy is many times greater than that of the entire Russian embassy.”

He added, "America does not want to leave Iraq and will resist at every opportunity, including resorting to blackmailing the Iraqi government, while the presence of foreign forces negatively affects the security and stability of Iraq and the region."

He pointed out that “Al-Hawl camp in Syria is one of the American “blackmail” methods, and the American presence cannot continue because the Iraqi army is “strong” and capable of filling the void of foreign forces.”

 He explained that "the volume of Russian investment in Iraq amounts to 19 billion dollars, and that Russia is the largest "foreign investor" inside Iraq and its spokesperson."  link

Tishwash:  Parliamentary Defense: The decision to end the truce depends on the results of the fourth round between Baghdad and Washington

The head of the Security and Defense Committee in the Iraqi Parliament, Karim al-Muhammadawi, confirmed that the fourth round of dialogue between Baghdad and Washington is more important than the previous ones, indicating that this round will determine the nature of the support that Iraq needs during the next stage.

For his part, the head of the Security Committee said And Defense in the Iraqi Parliament, Karim Al-Muhammadawi, said in an interview followed by Mawazine News: “The fourth round of dialogue between Baghdad and Washington is more important than the previous ones, during which the reports of the security and technical committees will be discussed.” He added, “This round will determine the nature of the support that Iraq needs during The next stage.”

Al-Muhammadawi stated that “this tour is important because it will be close to the Sudanese’s expected visit to Washington,” adding that “it is certain that the reports of those four rounds and all the reports of the security committees will be the subject of research and discussion with the American side.”

He continued: “It will be There is an Iraqi emphasis on the necessity of setting a declared and clear timetable (for withdrawal), and not leaving the matter unresolved, and this is what the forces of the (ruling) Coordination Framework Alliance stressed during their ongoing meetings with the Sudanese.”

He added, “All political forces in the coordination framework and outside it, and even The armed factions strongly support the government’s diplomatic efforts seeking to end the tasks of the international coalition and remove all American forces, and there is confidence in the Sudanese.”

He pointed out, "For this reason, the factions' operations (against the American forces) were temporarily stopped to prevent any obstruction to the progress of these negotiations, but any American procrastination will certainly restore the factions' operations, whose statements were clear and public."  link

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

Fnu Lnu  [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024 ]  The notion of revenue-sharing is nothing new in the Middle East.  Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion.  Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC).   [Post 1 of 2....stay tuned]

Fnu Lnu  It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING. To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation “to ensure the equitable distribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks.  [Post 2 of 2]

LOOK OUT! Full-On CRISIS! Multiple WARNINGS From Blackrock, JPM, And THE FED!

Greg Mannarino:  4-2-2024

https://www.youtube.com/watch?v=_uTdGNX7xYM

Monetary WWIII Starting; Asset Confiscation | Alasdair Macleod

Liberty and Finance:  4-1-2024

The West is seizing & weaponizing Russian assets, including U.S. dollars, in an economic war. It turns out that assets that Russia thought they owned are actually controlled by other interests.

“The Great Taking” is underway, says Alasdair Macleod and Russia is the first guinea pig.

As this asset confiscation continues, the whole world will wake up to the need for hard assets like gold. Eastern buying of gold is already pushing the yellow metal to record high prices, and Russian/Chinese adoption of gold and commodities as a new monetary foundation is poised to launch the next stage of monetary world war against the US.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Gold’s strength

8:57 Interest rates

14:30 Economic warfare

 26:09 End of financial system

 33:30 Values destroyed

https://www.youtube.com/watch?v=dF53bFd6Xp4

"Tidbits From TNT" Tuesday Morning 4-2-2024

TNT:

CandyKisses:  Parliamentary Finance: The budget tables are still with the government and 20 days to approve them in Parliament

{Economic: Euphrates News} A member of the parliamentary finance committee, Jamal Kojar, expected that the schedules will take 20 days in parliament after they arrive from the government for approval.

In a press statement, Koger stated that "the 2024 budget tables have not reached the House of Representatives so far because they are still on the cabinet table."

He added that "a tripartite budget has been approved, and we have given the authority to the government to spend the 2023 budget, while the 2024 and 2025 budgets must be reviewed by parliament because some projects ended last year, so they must be removed from the 2024 and 2025 budgets," stressing that "the schedules are not fixed because oil prices and financial resources fluctuate, and the number of employees and retirees is increasing."

Koger added that "any law must go through three stages until it is approved, the first stage begins in the concerned committee, the second is public discussions in the council, and the third is voting," noting that "there is no approval or amendment to any law before it passes through the three stages."

Koger concluded by saying that "the general budget law takes (20-40) days," predicting that "schedules will take shorter."

A few days ago, the Council of Ministers received the budget tables from the Ministry of Finance, and work began on them to sign them and send them later to the House of Representatives.

Tishwash:  Baghdad-Washington dialogue: Will the US withdrawal file from Iraq be resolved?

A new round of dialogue is being held between Baghdad and Washington, the fourth since last February, to discuss the issue of the American withdrawal from Iraq and ending the role of the international coalition to fight ISIS. This tour comes ahead of the visit of Iraqi Prime Minister Muhammad Shia al-Sudani to the White House.

Challenges:

This round of dialogue faces many challenges, the most important of which are:

The lack of a clear consensus on the feasibility of withdrawal:  Iraqi views on withdrawal differ, between those who see the necessity of the withdrawal of all American forces, and those who see the importance of some of them remaining to support the Iraqi forces in the fight against terrorism.

The position of the American administration:  The American administration did not announce a clear position on withdrawal, while the statements of its officials indicate their desire to redraw the coalition’s tasks or for the forces to remain for additional years.

Pressure from armed factions:  Some Iraqi armed factions continue their attacks against American forces, demanding their complete withdrawal from the country.

Discussions:

The discussions between Baghdad and Washington address many points, the most important of which are:

Evaluating the international coalition’s mission:  The fourth round evaluates the need for the international coalition’s presence in Iraq.

Setting a timetable for withdrawal:  Baghdad is demanding that a clear timetable be set for US withdrawal.

Determining the nature of American support for Iraq:  The tour discusses the nature of the support that the international coalition will provide to Iraq after its withdrawal.

The issue of the withdrawal of US forces from Iraq remains complex, and requires further dialogue and negotiation between Baghdad and Washington.   link

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CandyKisses:  The Central Bank reveals the reason for depositing Iraqi oil money in America

Baghdad - Iraq Today:

The Central Bank of Iraq revealed the legal basis for depositing oil revenues in the US Federal Reserve.

According to documents issued by the Central Bank, "the legal basis for depositing oil revenues at the Federal Reserve Bank of New York in the IRAQ2 alternative account to the DFI account is the expiration of the extension of the US President's Executive Order No. 13303 issued in March 2003, which granted immunity over Iraqi funds deposited in the then DFI Iraq Development Account, and the end of the United Nations protection over Iraq's funds that were granted to it under the UN Security Council Resolution No. 1483 of 2003 after the issuance of UN Resolution 1956 at the end of 2010."

The documents added, "Accordingly, the IRAQ2 account was opened, which is used to deposit the funds of Iraqi crude oil exports and is transferred to the account of the Central Bank of Iraq with the Federal Reserve Bank within a period of 24 hours from the receipt of these amounts to ensure that they are not exposed to the claims of creditors as they are funds belonging to the Iraqi government derived from the export of crude oil, and this mechanism has been organized through a (memorandum of understanding) signed between the Iraqi Ministry of Finance and the Central Bank of Iraq on 2/6/2014 for the purpose of organizing the work of the alternative IRAQ2 account. for the account of the Development Fund for Iraq and that this memorandum is the legal basis for the establishment of the said account."

"The immunity granted under these two documents covers sovereign funds only and does not include funds used for commercial purposes."

The documents explained, "With regard to the answer to the third paragraph, foreign reserves may be deposited with several external parties, central banks and financial institutions, and not only based in the Federal Reserve Bank, and that interest rates vary according to the investment segment, the duration of the investment and the institution with which the investment is made, in addition to that the carrier company is Orient Company, which is contracted with this bank to transport dollar shipments from the Federal Reserve Bank to Baghdad International Airport and with a security amount of (414,000) US dollars (four hundred and fourteen thousand dollars). US per shipment, and transportation fees of (216,310) US dollars (two hundred and sixteen thousand three hundred and ten US dollars) Department of Parliamentary Affairs, Parliamentary Oversight Section.

 She added that "it is not possible to transfer the revenues of the sale of oil to the interior because of the impossibility of carrying out financial operations for Iraq if the money is at home, and closing our account with the Federal Reserve Bank can expose Iraq to the risk of international claims, in addition to the inability to settle our payments in US dollars without an account in the Federal Reserve Bank or another US commercial bank."

Mot:  ....... Here We Go Again!!!!

Mot: . Cabin in Alaska for rent, lovely view.

News, Rumors and Opinions Tuesday AM 4-2-2024

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. 2 April 2024

Compiled Tues. 2 April 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Sun. 31 March Frank 26: “The Iraqi Minister of Finance is in Washington DC, but he’s not there to see the president of the United States.  He’s there to deal with the exchange rate of their country, not with the American dollar.”

Sat. 30 March Ginger: “We’re hearing that the revaluation of the rate is currently underway inside the border of Iraq. The Parliament committee has instructed Iraqi merchants and retailers to adjust their prices of goods and services, effective this weekend, to reflect the changes of their new rate for the Iraqi Dinar. My crystal ball is broken but I have a hopeful hunch they will do like Kuwait did, all those years ago. Kuwait wanted to change their rate inside the country first, privately, for the citizens to enjoy and celebrate their advancement onto the international stage. After several days, the new rate went live, internationally on the FOREX for the whole world to see!”

April Hong Kong Launches Tokenized Gold: https://coingeek.com/hsbc-launches-tokenized-gold-for-retail-customers-in-hong-kong/

Global Financial Crisis:

The Cabal’s SWIFT Planning Launch of New Central Bank non-asset backed Digital Currency Platform in 12-24 Months.

BRICS Ditches, Murders the US Dollar: https://www.cryptopolitan.com/how-us-be-affected-when-brics-ditch-dollar/

Federal Reserve posts record loss of $114 billion in 2023. The Federal Reserve has been closed for about three years and hasn’t printed any new currency since at least 2019. https://t.me/CharlieWardFriends

Baltimore Bridge Collapse: Nearly 5,000 trucks crossed the Francis Scott Key Bridge daily, according to the American Trucking Association. That adds up to $28 billion in goods crossing annually. The collapse has effectively shut down the Port of Baltimore, which is one of the busiest in the U.S. Last year, the port handled $80 billion of cargo. Many areas and industries are feeling the ripple effect. The York County Economic Alliance said 40 million tons of freight comes into the county each year from Maryland, while 38 million tons heads out.

Read full post here:  https://dinarchronicles.com/2024/04/02/restored-republic-via-a-gcr-update-as-of-april-2-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Ramadan is over on the 8th.  Then we have EID holiday from the 8th to the 14th and then on the 15th Sudani is supposed to go to Washington D.C...It's time to get a little excited...

Militia Man  Why in the world would anybody want to invest into Iraq if they were going to put their money into Iraq and then they were going to lose?  Because if you invest your money in Iraq and they LOP their currency you're not going to make any money, it's a neutral event.

Walkingstick   [Report from #1 - his Iraqi bank owner friend in Iraq and in our opinion]   The HCL has been long done! ....Article 140 and the disputed territories, done!  The redenomination at the onset, that rate is done!  Awaiting nothing but the release and implementation of all of this.

Why People Invest in the Iraqi Dinar IQD

Edu Matrix:  4-2-2024

There are several different reasons people invest in the Iraqi Dinar, this video shares those reasons.

https://www.youtube.com/watch?v=yn2QXiqEw60

LIVE! Are You Ready? Goldman Sachs WARNS On Stocks... PLUS! The Economic FREEFALL WORSENS.

Greg  Mannarino:  4-1-2024

https://www.youtube.com/watch?v=XPgP1g7SNpw

Economist's "News and Views" Monday 4-1-2024

BRICS NEWS: Russia Plans Global Food Reset, China Economy Surges, US Arctic Claim Challenged

Sean Foo:  4-1-2024

The BRICS bloc is making big moves globally. Russia is planning a grains exchange in the bloc in an attempt to challenge the West for food security and price control.

 Meanwhile, China's economy isn't collapsing, in fact, it's experiencing a big recovery.

On the global stage, China & Russia are also moving to prevent the US from claiming more minerals in the Arctic Ocean. Here's what you must know!

Timestamps & Chapters:

 0:00 Russia Plans BRICS Grain Exchange

 2:59 A Global Food Reset

 6:47 China Economy Defies Collapse

 8:54 Sponsor: JM Bullion

9:50 China's Big Rebound

 11:28 Russia Challenges US Mineral Grab

14:42 The BRICS Is Rising Fast

https://www.youtube.com/watch?v=l5Wqmi5wolI

GET READY. The Fed. Is About To Do Something BIG! Capitalize On It NOW...

Greg Mannarino:  4-1-2024

https://www.youtube.com/watch?v=hkxl600uJ_E

They JUST Admitted The Truth About The U.S. Dollar, It’s NOT GOOD

Atlantis Report:  4-1-2024

Federal officials have recently made a candid admission about the dangerous state of the U.S. dollar.

The dollar has been regarded as the world's reserve currency and a symbol of economic might, but it is now facing unusual challenges. These challenges threaten to undermine its global dominance and erode its purchasing power.

This admission is particularly concerning given the current economic uncertainty, geopolitical tensions, and mounting concerns over fiscal and monetary policies that govern the world's largest economy.

 Today, we will examine what's going on with the dollar and its implications.

https://www.youtube.com/watch?v=7jr1_rVmwA8

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Good Evening Dinar Recaps,

When our cryptocurrency is regulated on a Global scale at the end of May, look for all of our new Tokenized Assets go to a real value.

© Goldilocks

Posted after hours on Easter Sunday in reference to this article LINK

~~~~~~~~~

The CBI of Iraq showed us two articles from the CBI that they are not exceeding their cash credit amounts in loans given out to people and companies. These loans provide liquidity for extra capital to help their banking system run more smoothly and profitably going forward.

In talking with our CBI banking contact, their inflation has come down and the country is working within normal ranges of a growing economy. All of this is being done without a change in their exchange rate so far.

If you look on the cbi.iq, you will notice that they still have no changes to their currency rates. One of the things that our CBI contact does discuss often is the price of gold. This is very important to all countries because the second half of the year is when interest rates are expected to be lowered by the US.

This is already taking place among other countries, but the US is still waiting to see if our inflation numbers will level off some. This does not look to be the case, and this is why a new decentralized system utilizing tokenized assets is becoming necessary.

As the United States lags behind in lowering interest rates while other countries have moved ahead, this will give some of the new local currencies being traded around the world time to gain some momentum in trade and strength.

By tokenizing all of our assets on the market, the part of that asset tokenized by gold will deflate the current inflated values we are presently experiencing on the market.

Once our tokenized assets are regulated at the end of May, we will be able to shift our attention towards a new digital payment system and a new digital asset-based economy.

At that time, you can look for our Global Markets to move into real values. What will appear to be a crash is going to be a movement into real values going forward.

From that moment forward, the new cash credit for our banking system which includes Iraqi Dinar will be based on the authentic movement of gold no longer held down by a World Reserve Asset.

Everything!

© Goldilocks

https://cbi.iq/news/view/2540

https://cbi.iq/news/view/2539

https://cleartax.in/glossary/cash-credit

~~~~~~~~~

Updated: 4/1/2024

Official Central Bank of Iraq (CBI) Dinar Rate:

1310 IQD to 1 USD

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FATF Announcement:

The Financial Action Task Force is in the process of enacting anti-money laundering / Counter-terrorist financing requirements for Virtual asset service providers.

This is being applied to the MICA regulations currently being integrated into the new digital asset-based trading system.

It will provide an added layer of security for transactions to be cleared on both sides of a trade through digital assets inside the new Tokenized Asset Market. SEON   Financial Action Task Force

© Goldilocks

~~~~~~~~~

HSBC makes tokenized gold available to Hong Kong retail clients - Ledger Insights - blockchain for enterprise | Ledger Insights
~~~~~~~~~

Higher Inflation, Higher Rates Forever? Will the Fed Let CRE Turmoil Run its Course? Is QT Hitting Dollar Liquidity Outside the US? And More… | Wolf Street

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At Boao Forum, Asian Central Bank Officials eye greater use of local currencies to fend off risks | Global Times
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Gold Is Ready For New Records As Central Banks Keep Buying | FX Empire

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We are on the brink of a dramatic change where we are about to, and I'll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one is what we call  blockchain.

It means digital. It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what's going on. It also raises huge dangers in terms of the balance of power between states and citizens. In my opinion, we're going to need a digital constitution of human rights if we're going to have digital money.   Bitcoin Magazine

~~~~~~~~~

A MESSAGE FROM SAM OLIVER

As a counselor for 32 years in Hospice Care, I worked with many people recovering from their loss of a loved one.

Grief creates what is called a "cognitive dissonance" inside of people. When a disconnect from reality is experienced through the loss of experiences no longer available to them is met with I continuation of living in the midst of one's despair, it can be devastating to the human psyche.

The feeling of emptiness rolls over people's hearts and minds when future expectations are met with past disappointments that did not come into fruition.

Each week, many people get their hopes up over Intel that has no basis in true economic principles in the least bit.

These subtle formations within a person's psyche erode their ability to discern right from wrong and dissipate a person's clarity in the world around them over time.

Once the power of a fantasy does not come true, a person is left with the choice to build a Foundation of Truth inside themselves. And, a sense of powerlessness washes over them until he or she rebuilds foundational truths to sustain them for the next wave of disillusionment surfaces.

Last weekend was one of those events, and many people are trying to recover until they hear that one more piece of Hope awakens something inside of themselves again giving them a reason to live.

Over time, a person can lose all sense of reality doing this over and over and over. Just know, the Seeds of Wisdom Team is here to support you the best way that we can, but you have to do your part in opening your hearts and minds into concepts of a reality forming right in front of you inside a digital asset-based trading system.    Room Link 

Sam Oliver

~~~~~~~~~

 Freedom Fighter ©

Has Iraq RV’d in country yet❓

Voice message from Freedom Fighter on Has Iraq RV’d in country yet❓

Listen Here:  https://t.me/c/1545617426/75935

~~~~~~~~~

US Fed Announces "Hybrid Digital Dollar" – Physical Currency Embedded with Microchips | Coin Chapter

 Disclaimer

We hope you enjoyed this article! Just to be clear, this is an April Fool’s Day special article. In case you are Gary Gensler, please do not blow a gasket and start throwing lawsuits everywhere. We do not need more of them. Nothing in this article is true, neither the tweet, nor the statements. Happy April Fool’s Day!

~~~~~~~~~

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More News, Rumors and Opinions Monday Afternoon 4-1-2024

TNT:

Puddledpnw:  Zimbabwe to Keep Local Dollar Despite Losses, Revamp Plans, Ncube Says

March 23, 2024 at 11:38 AM PDT

Zimbabwe plans to keep its local dollar, a currency that has lost value every single trading day of the year, even as fiscal and monetary authorities work on new plans to revamp the currency, according to Finance Minister Mthuli Ncube.

“We will have a domestic currency, there will always be a domestic currency so there is no way that we cannot have one,” Ncube said in an interview Saturday in Zimbabwe’s second biggest city of Bulawayo. “It’s very important to have a domestic currency so that we don’t just rely on foreign currency only for transactions.”

 https://www.bloomberg.com/news/articles/2024-03-23/-zwl-usd-zimbabwe-to-keep-local-dollar-despite-losses-revamp-plans-ncube-says

Tishwash:  Information” opens the files for installing lecturers, the exchange rate, and automation in the 2024 budget

An accelerated movement led by the Parliamentary Finance Committee in order to find objective solutions to many of the problems facing the economy and money in Iraq by pushing the government’s programs for implementation in light of the challenges imposed by the oil markets, which constitute an important criterion in determining the volume of money flowing to the country’s treasury, not to mention the rights of multiple segments awaiting resolution. In the 2024 budget.

The Information Agency interviewed Mudar Al-Karawi, a member of the Parliamentary Finance Committee, to find out the most prominent developments in the economic file in the country and its challenges during 2024.

Q/ When will the 2024 budget schedules reach Parliament and are there any important changes?

A/ We expect the 2024 budget schedules to arrive next week after they are completed by the government committee, after which they will be discussed by the committee, but it is too early to talk about its provisions in detail, but the Ministry of Finance is awaiting approval of the schedules in order to launch financing for all governorate projects according to the instructions.

Q/ Where has the automation file reached in state institutions?

A/ There is remarkable progress in applying automation, especially in the tax and customs departments, not to mention the rest of the other services, because it is a path that will reduce the routine of administrative procedures and close 50% of the doors to corruption, in addition to being an effort to develop non-oil revenues for the Iraqi treasury.

Q/ The 2020 lecturer file in education, will it be decided in the 2024 budget tables?

A/ The Parliamentary Finance Committee gives importance to this file, and we officially asked the Ministry of Finance to include their appointments within the Ministry of Education’s 2024 allocations, and we are awaiting the schedules in order to deal with them according to the procedures.

Q/ Will the exchange rate in the parallel market witness a greater decline in 2024?

C/ The Central Bank and financial measures contributed to stopping the fever of the exchange rate rise in the parallel market and even controlling it at high rates and the gradual decline that occurred, even if it was slow over the last five months, but it was the beginning of pushing it to be close to the exchange rate specified by the Central Bank of Iraq, i.e. The decline will continue

Q: Was the amount of money allocated to provincial projects in 2023 limited?

Q/ It was not limited, but rather it was at a high rate compared to previous years, especially since the total amount allocated amounts to more than 10 trillion dinars, and it covers more than 5 thousand projects in the governorates, but reaching the actual completion requires some time, especially with the procedures and time period to complete the stages. .

Q/ What is Iraq’s 2024 strategy to confront its financial challenges?

 A/ Iraq is still facing a real challenge represented by its dependence on the sale of oil as a primary resource for its treasury at a rate approaching 90% in light of price fluctuations that put the economy in a difficult situation from time to time. Therefore, there is a general trend in maximizing non-oil treasury revenues and establishing a culture of partnership between the two sectors. Public and private, to crystallize a long series of investments that create job opportunities and provide indicators of activity according to the principle of service in exchange for interest.”

Q/ What are the most prominent challenges of investments in Iraq?

 A/ For years, the security factor has been the most prominent challenge to investment and attracting capital, but the situation is currently different with stability and control of the security forces, but the marketing factor remains, creating flexibility in procedures, reassuring investors, and diversifying job opportunities are challenges that must be paid attention to, in addition to the necessity of ending any indicators of corruption that are trying to approach the file. Investing and seeking to reduce procedures in a way that contributes to attracting more money, especially since internal investment rates increased by 35% in the past 16 months.”

Q/ Is Iraq continuing to diversify currency baskets?

C/ A current reality imposed by international conditions on the importance of diversifying the basket of currencies in order to secure import needs from multiple origins and not to limit dealing to one or two currencies. Also, pushing the Iraqi reserve to the principle of diversification is very important, and it is a context that most countries in the world have begun to adopt in recent years. link

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

Militia Man  Auctions are going to stop as we know them.  They're suggesting they have a move...  Quote:  "The bank said it would stop the platform at the beginning of the year..."  But then they moved to next April 1st.  That's Monday...It's exciting times to be sure.  If they're stopping those auctions as we know them something's going to change.

Frank26  Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar"   THE FINANCIAL FILES WILL REPLACE THE PROGRAM RATE  Quote:  "The government is planning to reduce the dollar to the official rate."  This is certain, but it takes time.

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Doubling Down On Hard Landing: Signs Of Coming Bear Market | Lobo Tiggre

David Lin:  3-31-2024

Lobo Tiggre, Editor of The Independent Speculator, discusses the state of the economy, monetary metals, and uranium.

0:00 – Intro

 1:14 - Recession indicators

11:25 - Uranium

16:13 - AI and the labor force

21:00 - Market outlook

 23:35 - Copper

25:25 - Silver vs. gold

31:20 - Safe haven assets

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

"Tidbits From TNT" Monday Morning 4-1-2024

TNT:

Tishwash:  Al-Sudani receives an invitation from the Saudi Crown Prince to participate in the World Economic Forum

Media Office of the Prime Minister: Saudi Crown Prince Mohammed bin Salman referred in his message to the Prime Minister to the close relations linking the Kingdom of Saudi Arabia with Iraq and that his participation will have a good impact on the success of the meeting’s work.

 Today, Monday, Iraqi Prime Minister Muhammad Shia al-Sudani received an official invitation from Saudi Crown Prince Mohammed bin Salman to participate in the special meeting of the World Economic Forum, which the Kingdom will host at the end of next April.

This was mentioned in a statement issued by Al-Sudani’s office and received by Shafaq News Agency. 

The statement conveyed that Bin Salman, in a letter he sent to Al-Sudani, referred to the close relations between the Kingdom of Saudi Arabia and Iraq, and that his participation will have a good impact on the success of the meeting’s work.

According to the statement, the special meeting of the World Economic Forum will be held in Riyadh for the period from April 28-29, and will address a number of international topics and issues, and discuss international cooperation in the fields of economics and sustainable development.   link

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Tishwash:  International competition to operate the large Al-Faw port... Transport: We will choose the best

Chinese, Singaporean, and Emirati companies are competing to operate the Al-Faw Grand Port, while the Ministry of Transport will announce during the coming period the company that will become a partner in managing and operating the port.

Director of the Ministry's Media Office, Maitham Al-Safi, said: The Ministry is seeking to contract with international companies specialized in the fields of port management and operation to be accredited as a partner in the management and operation of the Grand Faw Port, as it has received several offers in this regard, and it will announce the name of the operating partner during the next short period.

He added, "The most prominent contenders for managing and operating the port are Chinese, Singaporean, and Emirati companies that have great experience as they manage the most important major ports on the continent of Asia," indicating that "the committees concerned with preparing the requirements for operating the port are working to expedite the preparation of what is required of the companies submitting operating offers through the application." The vision of the government and the Ministry of Transport in establishing strategic projects, the most important of which is this project and making it a global transit station.

Al-Safi noted “the necessity for the company that will be selected to prepare the necessary plans to manage and operate the port based on studying the regional and international maritime transport market and marketing studies and their impact on the optimal choice of management and operation method.”

He explained, "Giving opportunities to invest in Al-Faw Port projects to giant companies that operate within international standards is the most important challenge for the Ministry during the first phase of operating the project, especially as it is prepared to receive reputable international companies that intend to invest in their projects according to future plans and visions that they have set in advance."

He pointed out that “the Ports Administration is working as one team with the Ministry of Transport to achieve the highest levels in implementing port projects that have reached advanced completion rates, whether in the work of the five berths or the highway linking the port and the submerged tunnel in the city of Umm Qasr, or in the container handling station, or in the canal.” Navigationa llink

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CandyKisses: Transportation: We are working to activate mass transportation in the cities of Sadr and Shula

Economy News - Baghdaddad

The General Company for Passenger Transport and delegations in the Ministry of Transport announced on Sunday the start of activating a mass transport line in some areas of Baghdad passing through the center and south of the capital, while confirming that the next phase will include the areas of Sadr City and Shula.

The company's general manager, Karim Kazem Hussein, said in a statement reported by the official news agency, and seen by "Economy News", that "under the guidance of Prime Minister Mohammed Shia Al-Sudani and under the direct supervision of Transport Minister Razzaq Muhaibis, the company began today in the fourth station to activate mass transport in a number of areas of Baghdad."

He added, "This line will start from the Bismayah area towards Jurf al-Naddaf and Diyala Bridge, then the Canal Road, then the Mashtal Intersection towards New Baghdad, and take the Mohammed al-Qasim highway through the Bab al-Sharqi intersection in central Baghdad, as well as the Nahda intersection, then Sheikh Omar and ending with Bab al-Mu'azzam and back again."

"This axis is the fourth out of 72 axes that will be activated successively on all provinces and areas of Baghdad province," he said, noting that "there is a plan to expand also towards other provinces."

"The next phase will be towards the most densely populated areas towards Sadr City and the torch area, as we have a plan in the coming weeks to start these lines," he said

Mot:  Fools Day is Canceled This Year ...................

Mot:  That Time Again !!! .........BEST CLASSROOM APRIL FOOLS PRANK EVER

https://www.youtube.com/watch?v=R9rymEWJX38

News, Rumors and Opinions Monday AM 4-1-2024

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

RV excerpts from the Restored Republic via a GCR: Update as of Mon. 1 April 2024

Compiled Mon. 1 April 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Sat. 30 March Banker: : “The council and Gov’t of Iraq have advised all retailers in country are free to revise their product prices upward to reflect the change in Dinar valuation taking place today in country. They are RVing in-country in Iraq today. Confirmed by two independent sources.”

Sat. 30 March Wolverine: “Guys I’ve been told by sovereign whales and Charlie to remain quiet from now on. God has got this.”

Sat. 30 March Ginger: “We’re hearing that the revaluation of the rate is currently underway inside the border of Iraq. The Parliament committee has instructed Iraqi merchants and retailers to adjust their prices of goods and services, effective this weekend, to reflect the changes of their new rate for the Iraqi Dinar. My crystal ball is broken but I have a hopeful hunch they will do like Kuwait did, all those years ago. Kuwait wanted to change their rate inside the country first, privately, for the citizens to enjoy and celebrate their advancement onto the international stage. After several days, the new rate went live, internationally on the FOREX for the whole world to see!”

Fri. 29 March Tp @QFs_Global: Expecting USN (United States Note) from ATM soon. Important EBS worldwide message soon. Important real CIC message soon. Both dinars and dong in very high double digits. ZIM will be redeemed 1 to 1 period. Expecting 800 numbers at any moment now.

Fri. 29 March Bluwolf: Expecting new gold/asset-backed USN (United States Note) from ATM soon. Important EBS worldwide message soon. Important real CIC message soon. Both dinars and dong in very high double digits. ZIM will be redeemed 1 to 1 period. Expecting 800 numbers at any moment.

Fri. 29 March MarkZ: “Bond folks seem to be in a “holding pattern,” but they still expect contracts and a payment of 1% of their funds on Mon. 1 April.”

Thurs. 28 March Bruce: The International Iraqi Dinar Rate will be announced Easter Sun. 31 March. Super Whales and Whales received their appointments last Fri. 22 March. Some have been given access to their funds. Regular Bond Holders will complete their exchanges around noon Easter Sun. 31 March. Tier4b(us, the Internet Group) will receive notification to set appointments at Redemption Centers to receive the special rates on Mon. 1 April and start exchanges on Tues. 2 April. In the US the R&R funds will be released the first week in April. Increases in Social Security will begin in April. The General Public will be able to exchange at banks at the international rates on Mon. or Tues. 8, 9 April.

Sat. 30 March: Breaking News: EBS-GCR Announcement Sparks Global Currency Reset – Important Real CIC Message Soon – United States Note! – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/04/01/restored-republic-via-a-gcr-update-as-of-march-31-2024-2/

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

Militia Man  Article quote:  "...The head of the Parliamentary Finance confirmed the exchange rate will continue to decline according to current data."  Exactly.  Because once you guys go public and private and you adjust your real effective exchange rate the parallel market goes bye-bye...and the dollar's pricing is going to go down, the dinar is going to get stronger.  Exactly what Sudani said...

Frank26  The next thing I want to see [After the restrictions are lifted on the one main Iraqi bank] is the budget being amended and released because then after that it's a domino effect.  Everything else will follow it...

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X22 Report (w/ Bill Holter): In the 2009 Recession Something Big was Missed, China Sets the Gold Price

Monday, 1 April 2024, 3:22 AM

The [CB] is running out of ammunition, they will not be able to keep it together.

 In 2009 recession something big was missed, this is how they kept the system running, this time around they will not.

Gold will take off, gold is rising because China is now setting the price. In the end it’s all going to reset.

https://rumble.com/v4mp0zb-bill-holter-in-2009-recession-something-big-was-missed-china-sets-the-gold-.htm

I Still EXPECT The IQD to RV

Vital Brad:  4-1-2024

Answering a question for a viewer: Do I expect the Iraqi Dinar to revalue still? It's been many years but I'm still holding suspecting we are closer than we were before.

THIS IS NOT FINANCIAL ADVICE. YOU MUST DO YOUR OWN RESEARCH

https://www.youtube.com/watch?v=u2YFAEHcvNg

More News, Rumors and Opinions Sunday Evening 3-31-2024

KTFA:

Clare:  Launching the platform for electronic reservation and payment for the international scope of Iraq

3/31/2024

Today, Sunday, the Communications and Media Commission announced the launch of the platform for electronic reservation and payment for the international Iraqi domain com.iq and .net.iq by companies in a step to enhance the use and spread of this name.

The authority said in a statement: “The new platform, which will begin operating tomorrow, Monday, the first of April, will facilitate an integrated automation process for reserving and managing the Iraqi domain under the extensions com.iq and net.iq, which will be designated for Iraqi companies seeking to enhance their electronic presence without the need to visit the headquarters.” Authority or its offices.

She continued, "The platform, which uses the latest technologies in management and financial payment processes, will enable companies to carry out the process of selecting the name they wish to reserve, in addition to paying the financial costs assigned to it, in addition to controlling the DNS of the hosting to which the reserved domain will be linked."

She pointed out that "the new platform can be accessed through the website https://iq.cmc.iq and follow the instructions explained for the registration process, emphasizing the importance of preparing all documents and information necessary to complete the process successfully, and entering the company’s registration information in English." LINK

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Clare:  Chambers of Commerce: Implementing the SWIFT system will attract international commercial activities to Iraq

3/31/2024   Baghdad - IA - Fatima Rahma

Today, Sunday, the Federation of Iraqi Chambers of Commerce explained the importance of the SWIFT system on the Iraqi economic movement, stressing that the implementation of this system will attract international commercial activities to Iraq.  

The president of the federation, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): “SWIFT is a global system, and when it was implemented in Iraq, funds became managed in a white-collar manner before the world.”

He added, "Implementing the SWIFT system will give us a great opportunity to attract all sectors and international commercial activities that come to Iraq, because the transfer has become through this platform, and the importer and exporter have become known, and all papers are clear and natural."

Al-Zuhri stated: “There was a great delay in starting to implement the SWIFT system for two or three months, on the part of most commercial companies, Iraqi banks, and the Central Bank, because the system is new and there is no information about this issue, but now things are going well.”

He pointed out, “The more traders and business owners enter the platform, the more stability there will be in the exchange rate,”  expressing his hope that “there will be real participation between the public and private sectors.”   LINK

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

Militia Man    Article quote:  "Minister of Finance ...will launch funding for the government tomorrow Sunday...explained the value of salaries amounts to 69 trillion dinars."  69 trillion is over half what they've ever printed.  It doesn't make any sense.  How do you have a 228 trillion budget when you don't ever have that much money?

Frank26  The CBI announcement - We believe it's about the currency.  We believe it's about the auctions.  We believe it's about a change in the auctions, a metamorphosis of the auctions which is exactly what the US Treasury wanted in order to have security and stability in the bank, which was exactly what was needed in order to bring forth a new exchange rate for their currency.  

MARKETS A LOOK AHEAD: A TERRIBLE THING IS HAPPENING... AND ITS ABOUT TO GET MUCH WORSE.

Greg Mannarino:  3-31-2024

https://www.youtube.com/watch?v=Vfqevkp7Lj4

No One Is Expecting This Next Upset | Michael Oliver

Liberty and Finance:  3-30-2024

Money managers will likely move out of the stock market and into safe-havens such as precious metals when the stock market starts to wobble, says Michael Oliver. Already, some large managers have shifted into the gold miners. Gold has been making all-time highs. Silver and the miners have been lagging gold, but that is likely about to change, says Oliver.

INTERVIEW TIMELINE:

 0:00 Intro

1:20 Gold update

2:20 Silver & miners

 6:26 Stock market

8:30 Fed easing

14:03 Gold vs silver

15:55 Banking system

https://www.youtube.com/watch?v=4KAxIOUs8Is

Goldilocks' Comments and Global Economic News Sunday 3-31-24

Goldilocks' Comments and Global Economic News Sunday 3-31-24

Happy Easter Dinar Recaps,

CHIPS Announcement:

"The Clearing House Interbank Payments System (CHIPS) is the largest private sector USD clearing system for wire transfers. Along with its public sector counterpart, Fedwire, CHIPS forms the primary network for transferring and settling payments in US dollars."

The Clearing House is ready to launch the CHIPS ISO 20022 messaging service for a April 2024 implementation. It just so happens to be taking place as MICA goes through it's regulatory process leading to implementation by May 28th, 2024.

We must not forget that the Depository Trust & Clearing Corporation which is an American Financial Company will be going through this process as well leading up to the May 28th, 2024 deadline.

This will allow our newly formed Global crypto regulatory assets to work with a messaging system to clearly give direction on many of the payments taking place with tokenized assets.

To keep this information protected Project Aurora will be implemented during this time of testing to prevent money laundering.

Early June, the Federal Reserve is expected to lower interest rates igniting a fuel to the fire of these newly formed crypto regulations allowing the new digital economy to get their footing on solid ground.

Gold is beginning to formulate new price patterns as we speak giving our new tokenized assets real values that can be transacted within the new QFS.

New laws and regulations are expected during this time to be placed on these new crypto regulations, and look for the words Project Genesis to also come into play.

Project Genesis will provide liquidity to countries willing to transform their society into clean initiatives. Don't you just love when a plan comes together?  The Clearing House Modern Treasury  Pymnts Itexus

At this point, we will have an operable Quantum Financial System.

© Goldilocks

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I will be spending the rest of my day with my family. I hope you have a Blessed Easter Day.

I will have a meeting with our CBI Banker contact in Iraq who now has ties to the Foreign Remittance Department.

We will be discussing some of the rumors that have been happening over the weekend, but most of our discussions have to do with Tokenized Assets as of late.

© Goldilocks

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Tokenized US Treasury Bonds Hit $1 Billion Milestone on Public Blockchains – Finance Bitcoin News

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In-country Iraq rate change Announcement:

Cost of Living Comparison Between Boston, MA and Baghdad 
You would need around 2,419.3$ (3,165,090.3IQD) in Baghdad to maintain the same standard of life that you can have with 8,300.0$ in Boston, MA (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare the cost of living and assume net earnings (after income tax). You can change the amount in this calculation.

It looks like retail market prices have not changed in Iraq. This is their first business day of their week on Sunday. Follow the link below and you will see...

It only takes a little bit of research to dispel many of the rumors that flow through these rooms as fantasy over fact.   Numbeo 1   Numbeo 2

Truth will set you free.

© Goldilocks

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In my conversation today with our CBI contact in Iraq with new ties to the foreign remittance department, he reminded me to follow the cbi.iq website for rates in country and internationally. No changes. Enjoy your Easter.

© Goldilocks

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