Goldilocks' Comments and Global Economic News Thursday AM 4-4-24
Goldilocks' Comments and Global Economic News Thursday AM 4-4-24
Good Morning Dinar Recaps,
Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.
“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.
Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt
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Goldilocks' Comments and Global Economic News Thursday AM 4-4-24
Good Morning Dinar Recaps,
Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc. Persistence Gwanyanya, a prominent economist and member of the Reserve Bank of Zimbabwe’s monetary policy committee, confirmed the country’s application in a recent interview with The Herald.
“We have applied to join the New BRICS Development Bank,” Gwanyanya said. He expressed optimism about Zimbabwe’s application, citing support from BRICS members Brazil, Russia, and South Africa.
Gwanyanya clarified that Zimbabwe’s pursuit of NDB membership does not preclude its aspirations to join the BRICS alliance itself. “Zimbabwe, like many African nations, is committed to achieving sustainable economic growth and transformation through continental integration,” he explained. “We value our collaboration with BRICS partners in fulfilling our market integration goals.” Daily News Egypt
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The BRICS alliance may be preparing a big announcement at the upcoming summit. In fact, with more interested nations awaiting invitations, all eyes will be on which nations will receive formal invitations to join the newly expanded BRICS+.
Nations looking to ditch the US dollar and join the growing bloc hope the summit will also include talks on enlargement. Slobodenpecat
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MOSCOW, April 3 2024
"Russia's finance ministry said on Wednesday that it would more than double its purchases of foreign currency and gold in the month ahead, thanks in part to higher than expected income tax receipts."
Gold is an indicator of the health in a countries' economic system. In a free market system, gold is seen as a currency.
Through accumulating foreign assets, a central bank can level off the contraction in consumption following a sudden stop in capital flows.
If you have been paying close attention to what we have been talking about the last few months, you know what this article is talking about and what it means.
Russia is preparing for a currency intervention, but they are not the only country doing the same. Currency interventions are on the way, and countries are preparing for this shift.
Countries utilize this particular mechanism in resetting the values of world currencies.
Governments often try to influence their exchange rates through the buying and selling of their currencies among other countries.
Governments and Central Banks participate in these exchanges to determine a manageable exchange rate.
The accumulation of gold by various countries' Central Banks will create new values as they are exchanged to justify new price actions going forward. Market Screener Open Lib Oreilly
Look out. Here we come.
© Goldilocks
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When a country buys gold, they are adding net worth to the value of their own currencies.
Through the act of trading currencies with added value to their own currencies (revenue) inside the central bank backed by gold, exchanging them with other foreign currencies solidifies new price patterns.
Foreign currency exchanges become a way of securing these new price patterns on the market and inside the banking system.
© Goldilocks
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Everyone wants to know when an RV will take place. ASK THE MARKETS.
© Goldilocks
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Just a reminder my friends. There may be higher sources out there beyond Isaac, but we don't go until he does.
© Goldilocks
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Chase Launches Chase Media Solutions, a New Digital Media Business, Connecting 80 Million U.S. Consumers with the Brands They Love | Chase Media
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When MICA completes regulations on May 28th, 2024, the new Digital Economy will begin moving into real values.
© Goldilocks
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The global bitcoin mining company will harness wind and solar energy from West Texas to expand its operations. | Bitcoin Magazine
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"Tidbits From TNT" Thursday Morning 4-4-2024
TNT:
Tishwash: Benni defines the main point as Washington's economic hegemony
A member of the Nebna Alliance, Ali Al-Zubaidi, confirmed that ending American economic hegemony lies in the government’s move towards ending the deposit of oil selling money in the Federal Bank, adding that it will enable the government to choose the currency in which it is sold.
Al-Zubaidi said in an interview with the Maalouma Agency, “Freedom from the restrictions of the dollar will give confidence to the Iraqi currency, in addition to tighter control over the economic movement,” noting that “the main problem is imposing the deposit of oil money in the American bank.”
He continued, "The number of members of the BRICS system has reached approximately 30 countries, and this constitutes a threat to the US dollar in itself," pointing out that "its new currency will be circulated in all these countries that constitute a large part of the global economy."
TNT:
Tishwash: Benni defines the main point as Washington's economic hegemony
A member of the Nebna Alliance, Ali Al-Zubaidi, confirmed that ending American economic hegemony lies in the government’s move towards ending the deposit of oil selling money in the Federal Bank, adding that it will enable the government to choose the currency in which it is sold.
Al-Zubaidi said in an interview with the Maalouma Agency, “Freedom from the restrictions of the dollar will give confidence to the Iraqi currency, in addition to tighter control over the economic movement,” noting that “the main problem is imposing the deposit of oil money in the American bank.”
He continued, "The number of members of the BRICS system has reached approximately 30 countries, and this constitutes a threat to the US dollar in itself," pointing out that "its new currency will be circulated in all these countries that constitute a large part of the global economy."
Al-Zubaidi concluded his speech: “Washington’s hegemony will not last long in light of the global estimates of economists,” noting that “the end of American economic hegemony lies in the government’s move towards ending the deposit of funds for selling crude oil in the Federal Bank.”
In an interview with the Maalouma Agency, a member of the coordinating framework, Ali Hussein, called on the government to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and the continuing American sanctions, while he stressed that Iraq’s move towards lifting the restrictions of the US Federal Bank is a must. link
Tishwash: When will Iraq get rid of the restrictions of “Uncle Sam”.. Washington shackles Iraq to the federation and a “BRICS” bomb is coming
Popular and political calls are escalating to end the American hegemony it imposes on the Iraqi economy by enforcing the deposit of funds from the sale of crude oil in the Federal Bank on the one hand, and continuing the dollar crisis through sanctions issued on banks, which have reached more than 30 banks.
The first stage of getting rid of the restrictions imposed on Iraq is to strive to achieve two basic points, the first of which is to end the deposit of money in the Federal Bank and send it directly to the Central Bank. The second is to seek to join the BRICS countries that will issue a currency that will be like an atomic bomb for Uncle Sam’s currency. .
*Editing step!
Speaking about this file, a member of the Al-Fatah Alliance, Ali Hussein, calls on the government to seek alternatives and take the step of liberating the country from the dominance of the dollar and the continuing American sanctions, while stressing that Iraq’s move towards lifting the restrictions of the US Federal Bank is a must.
Hussein said in an interview with the Maalouma Agency, “It will be a bold step, but it will succeed if the atmosphere is created and contracts are made with alternative international banks,” noting that “it is necessary to bring in companies from international countries that do not deal in the US dollar.”
He continues, "Entering into the Shanghai system and other global organizations will be the first stage of liberation from the dollar," adding that "the movement to end the dollar's hegemony over the world, led by major countries, has greatly succeeded."
He adds, "Contracting from companies from Eastern countries and bringing them to work inside Iraq will avoid the economic blockade," pointing out that "the government is required to seek to find alternatives and take the step of liberating the country from the dominance of the dollar and American sanctions."
The economic expert, Nasser Al-Kanani, confirmed that the number of Iraqi banks affected by US sanctions has reached 26 banks so far.
*End American hegemony!
In addition, a member of the Nebna Alliance, Ali Al-Zubaidi, confirms that ending American economic hegemony lies in the government’s move towards ending the deposit of oil selling money in the Federal Bank, adding that it will enable the government to choose the currency in which it is sold.
Al-Zubaidi said in an interview with the Maalouma Agency, “Freedom from the restrictions of the dollar will give confidence to the Iraqi currency, in addition to tighter control over the economic movement,” noting that “the main problem is imposing the deposit of oil money in the American bank.”
He continues, "The number of members of the BRICS system has reached approximately 30 countries, and this constitutes a threat to the US dollar in itself," pointing out that "its new currency will be circulated in all these countries that constitute a large part of the global economy."
Al-Zubaidi concluded his speech: “Washington’s hegemony will not last long in light of the global estimates of economists,” noting that “the end of American economic hegemony lies in the government’s move towards ending the deposit of funds for selling crude oil in the Federal Bank.”
The United States of America continues to impose its influence on Iraq in many vital files, including depositing the money from the sale of Iraqi oil in the US Federal Bank, amid clear blackmail by passing many files, most notably the dollar bill, which puts great pressure on the government. link
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Tishwash : Finance announces the launch of a new issue of government bonds for public subscription
● Version details:
Bond type: Government bonds denominated in Iraqi dinars.
● Categories offered:
- A bond denomination of (500,000) thousand dinars, with a maturity of two years, with an annual interest of 6.5%, paid every six months.
- A bond denomination of (1) million dinars, for a period of 4 years, with an annual interest of 8.5%, paid every six months.
● Subscription date: period from April 15, 2024 to May 15, 2024.
● Subscription method: Purchase applications are submitted to one of the bank branches approved by the Central Bank of Iraq, accompanied by the original identification documents. The bank then sends the application with the purchase amount to the Central Bank via the RTGS electronic payments system on the same day of purchase. In return, the buyer will receive a receipt for the purchase amount he paid until the bond is prepared, and after a period not exceeding a week, the buyer brings the receipt to the same bank to receive the bond.
● We invite all citizens, investors and companies to participate by subscribing to this issue of government bonds.
● The bonds offered are tradable on the Iraq Stock Exchange.
● Advantages of subscribing to government bonds:
Guaranteed return: The government is committed to paying the annual interest and the value of the bond when it matures.
Safe investment: Government bonds are considered one of the safest investments, as investors enjoy the government's guarantee.
Contribution to the development of the national economy: The subscription funds contribute to financing economic development projects and achieving financial stability in the country. link
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CandyKisses: Warning of a strong earthquake hitting Iraq
Baghdad - Iraq Today:
Iraqi seismologist Watheq Abdul Nabi warned of the exposure of the seismic fault on the border with Iran to an earthquake he described as strong, although he confirmed that the activity surrounding Iraq falls within the normal.
Abdul Nabi said in a press interview that "the seismic movement in Iran and Turkey is normal and does not cause concern, as there are strong earthquakes that hit the two countries every 10 years and some every 100 years."
Iraq recorded many earthquakes with low magnitude on a monthly basis, he said, "and we may witness earthquakes this month that we do not know the extent of their strength".
"Any scientist who claims to predict an earthquake at a specific place and time should not be believed, because this has not been achieved by seismology yet," Abdul Nabi said
He stressed that "the competent agencies monitored the presence of activity in the fault (Mandali - Badra - Tayeb) border with Iran, where the last earthquake was recorded in 2014 with a force exceeding 6 degrees, and recently these areas are witnessing seismic activity," adding, "It is expected that we will witness an earthquake in these areas with a magnitude exceeding 5 degrees, but we cannot determine the time and time."
Earlier in the day, a magnitude 4.5 earthquake struck the southern Turkish province of Malatya, as seismologists warned of a devastating earthquake in the city of Istanbul.
The border strip between Iraq and Iran is seismically active, and tremors are usually recorded at different levels.
Mot: : in Trouble Now!!
Mot: .. OK - You Get One Wish !!!!!!
News, Rumors and Opinions Thursday AM 4-4-2024
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. 4 April 2024
Compiled Thurs. 4 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Wed. 3 April MarkZ: For the first time in quite some time –from 2 different sources was told that there are expectations for “Fines and Penalties” to be paid as early as Thursday late afternoon 4 April. There are still some Iraqi contacts that are giddy about today Wed. 3 April. Could they be right? Well possibly –especially after the news of the oil revenue account closed here in the US. Bond folks today Wed. 3 April – I am still going straight to voicemail for the contact who told me he signed an NDA on Monday 1 April.
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. 4 April 2024
Compiled Thurs. 4 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Wed. 3 April MarkZ: For the first time in quite some time –from 2 different sources was told that there are expectations for “Fines and Penalties” to be paid as early as Thursday late afternoon 4 April. There are still some Iraqi contacts that are giddy about today Wed. 3 April. Could they be right? Well possibly –especially after the news of the oil revenue account closed here in the US. Bond folks today Wed. 3 April – I am still going straight to voicemail for the contact who told me he signed an NDA on Monday 1 April.
MarkZ Cont…….There are a lot of bond contacts expecting solid updates today Wed. 3 April. Then there is the F&P possibly being paid tomorrow Thurs. 4 April to Farm claims, CMKX ect. With all this going on- My expectations are getting high again.
Tues. 2 April 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#: Tier4b can expect emails to set appointments anywhere from Wed. 3 April at around 11 am EST to Fri. 5 April morning. A Wells Fargo Executive said the emails would be sent out sometime from Thurs. 4 April to Fri. 5 April morning. An encrypted message to Bruce from a big Source said the emails should go out within 1-2 days. Bond Holders were expecting emails to make them liquid anywhere from Wed. 3 April to Thurs. 4 April. Tier4b should go 12 hours after Bond Holders were liquid.
Tues. 2 April “Just heard that someone who normally gets about $2k social security just got an extra $5k for a total of $7k. She called them and they said they just sent her normal amount to her.” …We Rise on Telegram Tues. 2 April
On Thurs. 4 April an important Event will happen at Colombia Bogota, New York, Singapore, Hong Kong, Zurich, Reno, San Francisco, Los Angeles, Shangai, Texas. Delegates will be at a Big Event. They will be talking about the QFS and how to open accounts, and other topics like how to help the environment. A NESARA lawyer named Roy F. Sturdis will be there to help ID all Paymasters, guests, Pentecostal Groups and others. All countries will be there to help smooth all others process and will be done at a lever cover the whole world. This will be involved financiers, humanitarians, all paymasters of all countries, government, World Court, and the Alliance.
On Thurs. 14 March 2024 Ginger of the Liberty Lounge on Telegram: As we await the The Event, these are definitive markers we are looking for: Historical Bonds (Golden Dragon Bonds, German Bonds, Super Pechelli Bonds – way too many to name, etc) go first, then:
1. Fines and Penalties are paid
2. Adjudicated funds are paid
3. Farm Claims are paid
4. CMKX recipients funded
5. Church groups (large) funded
6. The Admiral funded
7. T1-4a – funds liquidated
8. Then Tier 4b gets to go….
Above, many can “see” the $ in accounts, but there’s no liquidity. It’s not usable money until it’s liquid and they can actually spend it. We’re waiting for this liquidity, still. The positives are, most if not all the paymasters have been funded and have signed NDAs. Now we’re hearing reports of some group members signing NDA. This is extremely encouraging! Until all of these things happen, then it’s not happened for us yet, regardless of what ANYONE says, Guru or otherwise. These items listed are non-negotiable for the GCR/RV roll out. Period. Keep this is mind as you measure your expectations. We’re getting there and the news is good.
Tues. 2 April: Central Bank of Iraq opens bonds in all Iraqi banks. This is the withdrawal of the Iraqi Dinar from the street and the Central Bank’s goal.
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.”
Global Financial Crisis:
US lifts sanctions against former European branch of Russia’s VTB Bank. The U.S. has removed the former European subsidiary of the Russian VTB Bank from its sanctions list, the U.S. Treasury Department’s Office of Foreign Assets Control said on April 2. https://www.yahoo.com/news/us-lifts-sanctions-against-former-063728354.html
Wed. 3 April: BlackRock, State Street and Vanguard have a Monopoly on Everything! – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/04/04/restored-republic-via-a-gcr-update-as-of-april-4-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Many things are waiting for the new exchange rate. I sincerely believe that the very first domino that allows everything else that is waiting for the new exchange rate is the budget that allows everything to live and function.
Militia Man Article: "The United States has closed the account through with the Iraq collects revenue from its oil sales" The DFI fund was closed on March 18th...Big change. We have not seen this before. Is it a smoking gun? ...If they were going to stop an account that had protection for all their oil money and they just now relinquished a couple weeks ago I think that's pretty big...They must have felt comfortable in a sense they could handle recourse on that debt...I'll tell you this, if they change the value from 1310 to a previous era, it'll become a lot cheaper to pay off their debts...
A VERY Disturbing PARADOX... Without MUCH More Easy Money, THIS ENTIRE THING ENDS!
Greg Mannarino: 4-3-2024
Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24
Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24
Good Afternoon Dinar Recaps,
Executive Order 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest.
Signed by GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003. Executive Order 13303
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EXECUTIVE ORDER 13303 HAS BEEN LIFTED:
"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"
The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.
The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.
We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.
Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24
Good Afternoon Dinar Recaps,
Executive Order 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest.
Signed by GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003. Executive Order 13303
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EXECUTIVE ORDER 13303 HAS BEEN LIFTED:
"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"
The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.
The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.
We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.
The oil production of Iraq will now be traded in the Iraqi Dinar. It will begin to place price pressures and demand for the Iraqi Dinar going forward. Let's take a look at the areas of disbursements this will affect for Iraq. See below paragraph.
"Disbursements: To date, disbursements from the DFI have been in support of the wheat purchase program, the currency exchange program, the electricity and oil infrastructure programs, equipment for Iraqis security forces, and for Iraqi civil service salaries and ministry budget operations."
These new demands now being traded in the Iraqi dinar will create price pressures that form new price actions on the market. Appreciations on a country's currency making these moves are expected.
Kurdistan24 OFAC Treasury GovInfo Library
Watch the water.
© Goldilocks
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Research at the Central Bank of Iraq revealed a decrease in the ratio of non-performing loans to total credit.
The Department of Statistics and Research said that the ratio of non-performing loans to total cash credit witnessed a decline, reaching (6.3%) during the year 2023, compared to (7.2%) in 2022, while in 2021 it recorded (8.8%) and in 2020.
It reached (8.9%), and the department added that the ratio of non-performing loans to total deposits for the year 2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in 2022 (3.4%), while in 2021 it reached (4.9%) while It was (5.2%) in 2020.
The Central Bank of Iraq confirms that this percentage is an indicator of the efficiency of the Iraqi banking sector in its endeavor to develop its products and adopt new methods and advanced systems for granting credit and reducing the risks of default in accordance with the contexts followed globally.
Central Bank of Iraq information Office 4/3/2024 https://cbi.iq/news/view/2542
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WORLD SILVER SURVEY 2024
Posted on 11 08, 2023
"World Silver Survey, the Silver Institute’s most influential publication will be released on April 17 in New York City and April 19, 2024 in Mexico City. The Institute will issue a press release with the report’s findings on the 17th and post the 2024 edition to our website. A library of past Survey’s can be found here: World Silver Survey Library (https://www.silverinstitute.org/all-world-silver-surveys/)."
Here is what you can expect. There is a strong expectation that we currently have a short squeeze taking place in the silver market.
This will affect the Banking System as so many trades back and forth daily on the COMEX paper trades have propped the system up. Silver Institute
Are we about to see a second decoupling event in the Commodity Market?
Hi ho Silver. Away.
© Goldilocks
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We have seen a decoupling event in copper, silver is in the process, and gold is around the corner.
These are the Commodity Assets that supports our Global Economies.
When they are free to find their real values, the movement into the new digital asset based trading system will have a new liquidity base for real values.
© Goldilocks
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For new prices on Silver and Gold. Watch the US Debt Clock. https://www.usdebtclock.org/
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Hong Kong Banking Announcement:
HKMA is in the process of providing guidance for their banking system on the adoption of a Digital Ledger Transmission system.
The DLT will allow Tokenized Assets from their Markets to be processed through their banking system - digitally.
On the retail side, it will help their point of sales purchases inside their local economy.
It is also important to note that Hong Kong has already gone through crypto regulations in their Stablecoin which represents their currencies that were tested and approved by many countries to work with them in trade. Ledger Insights LeeWayHertz Wikipedia
The last article below will give you an idea of their trading partners.
© Goldilocks
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Do you remember the words sewn on to your clothes? "Made in Hong Kong." They trade in sooooooo many countries around the world.
Now, reread the above article on Hong Kong, and you will see why this is so important.
© Goldilocks
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THE SILVER BREAKOUT: Off To $48? | Mike Maloney & Tavi Costa | Youtube
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Take a close look at silver's cup and handle formation. Right behind it is a coil.
Silver is on the cusp of a breakout. This cup and handle has been forming on Silver for over 47 years.
This shift is very close to the time when we moved from a gold standard to a fiat system.
It has been one of the indicators to watch for traders that will allow us to know when the next system is close in hand.
As we continue to transition into a new digital economy, it will be the commodity bull market that will lead the way.
© Goldilocks
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20% Yield On XRP AMM | Youtube
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Stablecoin Expansion Continues Even as Bitcoin (BTC) Rally Appears to Stall | Coindesk
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Economist's "News and Views" Wednesday 4-3-2024
BRICS Reshape Global Farming Market: No more following US regulation
Fastepo: 4-2-2024
The BRICS Grain Exchange, a strategic initiative led by Russia, represents a significant move towards reshaping the global grain market
This initiative aims to enable direct purchases between buyers and producers, thus reducing market volatility and the impact of speculative trading. Russia's collaboration with China is a key component, highlighted by a groundbreaking grain-supply contract valued at nearly 2.5 trillion roubles ($25.8 billion), the largest in the history of their bilateral food trade.
This deal, which includes the delivery of 70 million tonnes of grain to China over the next 12 years, is part of broader efforts to enhance food and energy security amidst geopolitical tensions.
BRICS Reshape Global Farming Market: No more following US regulation
Fastepo: 4-2-2024
The BRICS Grain Exchange, a strategic initiative led by Russia, represents a significant move towards reshaping the global grain market
This initiative aims to enable direct purchases between buyers and producers, thus reducing market volatility and the impact of speculative trading. Russia's collaboration with China is a key component, highlighted by a groundbreaking grain-supply contract valued at nearly 2.5 trillion roubles ($25.8 billion), the largest in the history of their bilateral food trade.
This deal, which includes the delivery of 70 million tonnes of grain to China over the next 12 years, is part of broader efforts to enhance food and energy security amidst geopolitical tensions.
Is U.S. Debt Problem Imploding? Lyn Alden On 'Fiscal Spiral', 2024's Best Assets
David Lin: 4-3-2024
Lyn Alden, Founder of Lyn Alden Investment Strategy, discusses her outlook for economic growth, inflation, monetary and fiscal policies, and which assets she is most bullish on.
0:00 - Intro
2:35 - Most bullish assets
4:30 - Stock market outlook
8:50 - Commercial real estate
11:20 - Market correction?
12:12 - Fixed income and bond yields
14:35 - Inflation and monetary policy
20:48 - Fiscal dominance
30:40 - Energy
37:23 - Bitcoin
43:00 - Gold
44:30 - Broken Money
Banks And Credit Card Companies To Stop Lending, As New Law Shocks Customers
Atlantis Report: 4-3-2024
A lawsuit against major credit card companies, like Visa and Mastercard, has sent shockwaves through the financial industry.
Interchange fees, which are transaction charges merchants must pay every time a customer uses a credit or debit card, have been a contentious issue in the retail industry.
Retailers have argued that these fees are excessively high, unfair, and ultimately passed on to consumers through higher prices for goods and services.
The lawsuit aimed at resolving a long-standing dispute over swipe fees charged to retailers has far-reaching consequences for consumers and businesses.
More News, Rumors and Opinions Wednesday Afternoon 4-3-2024
KTFA:
Clare: Saleh: The budget tables took into account economic variables and social conditions
4/3/2024
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the financial budget tables for the year 2024 took into account the social and economic conditions of the country.
Saleh told {Al-Furat News} agency, “The financial tables prepared in the budgets took into account the economic and social conditions and variables required by the country’s need for development and economic progress in the year 2024, in order to proceed with their implementation as an annual financial plan that works within the framework of the principles of the tripartite general budget itself, in letter and spirit.”
KTFA:
Clare: Saleh: The budget tables took into account economic variables and social conditions
4/3/2024
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the financial budget tables for the year 2024 took into account the social and economic conditions of the country.
Saleh told {Al-Furat News} agency, “The financial tables prepared in the budgets took into account the economic and social conditions and variables required by the country’s need for development and economic progress in the year 2024, in order to proceed with their implementation as an annual financial plan that works within the framework of the principles of the tripartite general budget itself, in letter and spirit.”
Member of the Parliamentary Finance Committee, Jamal Cougar, had expected that the schedules would take 20 days in Parliament after they arrived from the government for approval.
A few days ago, the Council of Ministers received the budget schedules from the Ministry of Finance, and work has begun on them to be signed and later sent to the House of Representatives.
Raghad Dahham LINK
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Don961: Recovering “dormant” accounts belonging to the former Republican Guard
Baghdad: Al-Sabah
The Iraq Assets Recovery Fund was able to uncover and return accounts belonging to the Republican Guard in the previous regime, worth more than 4 billion dinars.
Vice Chairman of the Fund’s Board of Directors, Ayman Dawoud Salman, told the Iraqi News Agency (INA), “The Fund was able to uncover dormant accounts for more than 20 years belonging to the Republican Guard in the previous regime, with a value of 4,386,303,138 Iraqi dinars, and return them to the accounts of the Ministry of Finance in the Central Bank.” The Iraqi.
On a separate level, the work team of the Basra Investigation Directorate of the Integrity Commission was able to arrest an employee at the Shalamsha border crossing. For his delivery of the beginnings of about (60) “trailer” vehicles loaded with skewer iron to the owner of the importing company; In exchange for obtaining sums of money,” the Integrity Commission’s statement explained that “the purpose of the manipulation of the weights, which was carried out in agreement with the scale employee; "It is to evade paying customs duties."
The statement added, "This act led to a waste of public money," noting that "60 cars loaded with iron and their pallets were seized, in addition to five drivers."
He pointed to "the decision of the judge of the investigative court specialized in examining integrity cases in Basra to arrest the accused in accordance with the provisions of Articles (340) of the Penal Code and (194) of the Customs Law."
The statement continued, "At the Safwan border customs port, the directorate's work team was able to arrest a customs broker red-handed as he received the first installment of the bribe amounting to four million Iraqi dinars, and thwarted an attempt to enter a vehicle that was not allowed to be entered in an illegal manner in agreement with employees at the port." And Customs,” noting that “they controlled the transaction of the car in the possession of the accused, who explicitly admitted to receiving the money in exchange for removing the cars from the port in violation of the law.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat In today’s news articles we learn about the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003. So, there is no extension this year...Why is this so important to us investors? First, the expiration of 13303 shows to us once again that Iraq is slowly moving out of the sanctioned mindset altogether. But now we moved to a new level. We know that in December of 2022, Iraq completed its war reparations payments to Kuwait and thus followed that all the remaining UN sanctions were lifted. [Post 1 of 2....stay tuned]
Mnt Goat What happened next was the VERY quick response by the CBI to begin the de-dollarization process in Iraq in 2023. Then the unanticipated length of resolving the issue of the stability with the parallel market which delayed the process we are now looking for. Last week they told us the parallel market is now under control...I verified this with my CBI contact...Many investors have been waiting for this news...and tell us that this is a VERY GOOD sign for us in that since we no longer will be needing this protection, since maybe the dinar is soon to be free to move into its full potential as a sovereign, global currency...Remember it is normally renewed on April 1st and so what is in stored for us in April? Just saying... [Post 2 0f 2]
Strong Economy Narrative Is Farcical! with Matthew Piepenburg
WTFinance: 4-3-2024
During our conversation we spoke about what is currently happening in the economy, why speculators are the only ones making money, no alternative to the US Dollar, Financial repression, wealth divide and more. I hope you enjoy!
0:00 – Introduction
1:45 - What is currently happening in the economy?
5:57 - Debt owned by bottom 50%
13:25 - Speculators the only ones making the money?
18:22 - No alternative to the US Dollar
28:22 - Strong US Dollar moving forward in short-term?
33:23 - Potential for Financial Repression?
37:33 - Is there away out of the current crisis?
40:19 - How do you get rid of the wealth divide?
45:00 - Last question to takeaway from podcast?
"Tidbits From TNT" Wednesday 4-3-2024
TNT:
Harambe: Zimbabwe Set to Announce Fate of Local Currency After 73% Plunge - Bloomberg 4-3-24
Zimbabwe’s currency plunged to yet another record low as citizens rushed to the safety of the US dollar amid speculation an announcement from the central bank on the fate of the local unit is imminent.
The Zimbabwe dollar traded at 22,476 against the greenback, taking its losses this year to 73%, the world’s second-worst performance only after the Lebanese pound. A sense of urgency has gripped the nation after authorities brought forward the start date of the new governor, John Mushayavanhu, by a month.
The local media reported the move was made to announce a new currency plan that may include embracing the gold standard.
TNT:
Harambe: Zimbabwe Set to Announce Fate of Local Currency After 73% Plunge - Bloomberg 4-3-24
Zimbabwe’s currency plunged to yet another record low as citizens rushed to the safety of the US dollar amid speculation an announcement from the central bank on the fate of the local unit is imminent.
The Zimbabwe dollar traded at 22,476 against the greenback, taking its losses this year to 73%, the world’s second-worst performance only after the Lebanese pound. A sense of urgency has gripped the nation after authorities brought forward the start date of the new governor, John Mushayavanhu, by a month.
The local media reported the move was made to announce a new currency plan that may include embracing the gold standard.
The southern African nation’s unstable currency risks sending the nation back into hyperinflation 15 years after its old local dollar had to be abandoned. The latest two Reserve Bank of Zimbabwe governors, John Mangudya and Gideon Gono, failed to bring order to the exchange rate despite multiple efforts.
These included the launch of gold coins and gold-backed digital tokens under Mangudya’s watch, while Gono repeatedly slashed zeros off banknotes as hyper-inflation spiraled and topped 231 million percent in 2008.
“What we are seeing is anxiety and people preferring to hold US dollars,” said Lloyd Mlotshwa, head of research at IH Securities, a Harare based brokerage. “This signals reverting to a place of safety ahead of the currency announcement.”
Local media reports at the weekend said Mushayavanhu, who assumed office on March 28 instead of as planned, may announce at the end of this week the new currency policy in a monetary policy statement, which has been delayed for almost two months.
The central bank has not given a date on the release of the monetary-policy statement that was originally scheduled for February but had been deferred to give policymakers time to finetune the currency plan.
David Mnangagwa, the country’s deputy finance minister, said last week the statement’s release was imminent, attributing volatility in the exchange rate to “anxiety and anticipation” over the policy’s delay.
Meanwhile, the premium for dollars in the parallel market over official rates has widened 60% to as much Z$36,000, according to which monitors the exchange rates.
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Tishwash: Iraqi economy faces threat as US closes oil revenue account
According to the letter, Iraq maintained this account with the US Federal Reserve Bank, allowing it to receive oil revenues in dollars and utilize them to cover essential expenses in accordance with agreements with the United States.
In a recent development that has raised concerns over the stability of the Iraqi economy, the United States has closed the account through which Iraq collects revenue from its oil sales.
This revelation came to light through a letter addressed to the Finance Committee of the Iraqi Parliament, dated March 18, 2024.
The letter, signed by Ammar Khalaf, Deputy Governor of the Central Bank, outlines the closure of the account known as the Development Fund for Iraq (DFI), which has been operational since 2003.
The DFI, under the supervision and protection of the United Nations and the United States, served as a crucial mechanism for Iraq to collect and manage its oil revenues.
According to the letter, Iraq maintained this account with the US Federal Reserve Bank, allowing it to receive oil revenues in dollars and utilize them to cover essential expenses in accordance with agreements with the United States.
However, with the closure of the DFI account, Iraq's oil revenue is now being directed to a new account, referred to as IRAQ2. This transition raises concerns among experts, including finance and banking specialist Kamaran Qadir Yaqub, who warns that the protection previously afforded to Iraq's revenue may no longer be guaranteed.
Yaqub emphasizes the risk that IRAQ2 could be vulnerable to potential interference or manipulation by the United States, posing a significant threat to Iraq's financial stability.
In addition to the closure of the DFI account, the letter also sheds light on a contractual arrangement between Iraq and a US company for the transportation of dollars from the United States to Iraq. Under this contract, Iraq paid a security deposit of $441,000, with a transportation fee of $216,310 for each convoy of dollars.
The closure of the DFI account and the implications for Iraq's financial security highlight the complex dynamics of international financial relations and the vulnerability of countries reliant on oil revenue. As Iraq navigates these challenges, stakeholders closely monitor developments to assess the impact on the country's economic stability and future prospects link
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Tishwash: The Central Bank is preparing a report to lift the ban on 28 Iraqi banks
Today, Wednesday, the Parliamentary Investment and Development Committee revealed steps by the Central Bank to lift the ban on 28 banks, while indicating that the private sector will participate with the public sector in many strategic projects.
The head of the Parliamentary Investment and Development Committee, Hassan Al-Khafaji, said in a statement followed by “Al-Iqtisad News”: “The committee proposed to the Governor of the Central Bank, Ali Al-Alaq, to support private private banks and involve them in loans,” explaining that “the governor confirmed his support after lifting minor violations against some banks.” .
He pointed out that "the governor of the Central Bank promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks," expecting "the ban on those banks to be lifted during the coming period."
The Chairman of the Parliamentary Investment and Development Committee affirmed “his committee’s support for the private sector as it is the strategic partner and ally of the public sector, and a country cannot progress and prosper without the private sector,” pointing out that “the private sector will participate with the public sector in many important strategic projects, electrical, industrial, and others link
Mot: .. why are You Late.. didnt YOu Hear the Alarm Clock! -- Yes I Did and ~~~
Mot: . OK - OK - BUT!- How bout Opening the Door just a Little ! K
News, Rumors and Opinions Wednesday AM 4-3-2024
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. 3 April 2024
Compiled Wed. 3 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
On Thurs. 14 March 2024 Ginger of the Liberty Lounge on Telegram: As we await the The Event, these are definitive markers we are looking for: Historical Bonds (Golden Dragon Bonds, German Bonds, Super Pechelli Bonds – way too many to name, etc) go first, then:
1. Fines and Penalties are paid
2. Adjudicated funds are paid
3. Farm Claims are paid
4. CMKX recipients funded
5. Church groups (large) funded
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. 3 April 2024
Compiled Wed. 3 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
On Thurs. 14 March 2024 Ginger of the Liberty Lounge on Telegram: As we await the The Event, these are definitive markers we are looking for: Historical Bonds (Golden Dragon Bonds, German Bonds, Super Pechelli Bonds – way too many to name, etc) go first, then:
1. Fines and Penalties are paid
2. Adjudicated funds are paid
3. Farm Claims are paid
4. CMKX recipients funded
5. Church groups (large) funded
6. The Admiral funded
7. T1-4a – funds liquidated
8. Then Tier 4b gets to go….
Above, many can “see” the $ in accounts, but there’s no liquidity. It’s not usable money until it’s liquid and they can actually spend it. We’re waiting for this liquidity, still. The positives are, most if not all the paymasters have been funded and have signed NDAs. Now we’re hearing reports of some group members signing NDA. This is extremely encouraging! Until all of these things happen, then it’s not happened for us yet, regardless of what ANYONE says, Guru or otherwise. These items listed are non-negotiable for the GCR/RV roll out. Period. Keep this is mind as you measure your expectations. We’re getting there and the news is good.
Tues. 2 April: Central Bank of Iraq opens bonds in all Iraqi banks. This is the withdrawal of the Iraqi Dinar from the street and the Central Bank’s goal.
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!”
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.”
Wed. 27 March Banker: The latest message to all Regional Currency Exchange Managers is to advise their specialists to be available for duty in the week following Easter Weekend. All requirements have been satisfied Globally and announcements will occur in the forthcoming week.
Tues. 2 April 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:
Tier4b can expect emails to set appointments anywhere from Wed. 3 April at around 11 am EST to Fri. 5 April morning. A Wells Fargo Executive said the emails would be sent out sometime from Thurs. 4 April to Fri. 5 April morning. An encrypted message to Bruce from a big Source said the emails should go out within 1-2 days. Bond Holders were expecting emails to make them liquid anywhere from Wed. 3 April to Thurs. 4 April. Tier4b should go 12 hours after Bond Holders were liquid.
Read full post here: https://dinarchronicles.com/2024/04/03/restored-republic-via-a-gcr-update-as-of-april-3-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Divide 1 by 1320 = .00075758. If you take the decimal point and you move it over three spaces they you have .76 cents. 3 zeros = $0.76 ...This is the easiest formula you can use.
Walkingstick There's nothing like the facts. Everything they're telling the Iraqi citizens is a fact because it's coming from the right sources.
Militia Man When Iraq adjusts their exchange rate...all boats rise with the tide. All those boats that own Iraqi dinar are going to rise. The United States is going to be part of that process with the Development Road project. See how cheap it's going to be to build that country by raising the value because they have a real effective exchange rate? You can see where the deals are going to be made. It's going to be phenomenal.
We’re On the Cusp of Civil War and WW3; “Facing Real Risk,” Warns Pentagon Advisor
Daniela Cambone: 4-1-2024
“We're on the cusp of either a civil war or World War III. We don't have to go there, but that is what we're facing as very real risks,” warns Kevin Freeman, host of Economic War Room.
In the conversation with Daniela Cambone, Freeman lays out five undeniable truths from his book "Pirate Money.,” including our perilous national debt and the fading dominance of the U.S. dollar.
"The currency has a date and an expiration date on it... other nations are working toward that end as we speak."
He also advises every individual to have the option of having transactional gold and silver in addition to their physical holdings of U.S. dollars in the bank.
CHAPTERS:
00:00 National debt
3:14 Could Americans handle debt?
4:50 BRICS
9:20 The possibility of China and Indian currencies
12:34 Inflation
15:16 How far are we from riots?
17:00 Election
20:11 CBDC
25:50 Crisis looming
28:33 Money is changing
29:50 Gold/silver
34:11 Gold confiscation
37:27 WW3
Goldilocks' Comments and Global Economic News Late Tuesday Evening 4-2-24
Goldilocks' Comments and Global Economic News Late Tuesday Evening 4-2-24
Good Evening Dinar Recaps
The US Closes Iraq's Oil Revenue Account - The Details | Youtube
👆 Goldilocks pointed to this article
More on this tomorrow...
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Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Wikipedia
👆 this executive order 13303 is being lifted.
~~~~~~~~~
Goldilocks' Comments and Global Economic News Late Tuesday Evening 4-2-24
Good Evening Dinar Recaps
The US Closes Iraq's Oil Revenue Account - The Details | Youtube
👆 Goldilocks pointed to this article
More on this tomorrow...
~~~~~~~~~
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens.
Wikipedia
👆 this executive order 13303 is being lifted.
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Trump and the Gold Standard (Updated 2024) | Investing News
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Gold FOMO | Youtube
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Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
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Thank you Dinar Recaps
Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24
Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24
Good Evening Dinar Recaps,
FEDNOW Announcement:
“The Fed has definitely piqued the interest of the banks and the credit unions,” Brown said.
FEDNOW has two banking rails up and running in the United States that are capable of doing instant payments, and they expect more to follow in the coming months.
FEDNOW has some financial institutions that have functional status inside an instant payment mechanism. They're still looking for mass adoption after a period of testing it's capabilities.
Marketing for this functional service is just beginning to happen, and they do expect more companies and banks to adopt this much-needed service.
This service is expected to reach all community Banks in the United States and begin competing with other services that will see its benefits including healthcare.
Healthcare has much to gain by adopting this service due to a patient's need for instant information data sharing that is safe and secure during times of emergency. Pymnts
© Goldilocks
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Goldilocks' Comments and Global Economic News Tuesday Evening 4-2-24
Good Evening Dinar Recaps,
FEDNOW Announcement:
“The Fed has definitely piqued the interest of the banks and the credit unions,” Brown said.
FEDNOW has two banking rails up and running in the United States that are capable of doing instant payments, and they expect more to follow in the coming months.
FEDNOW has some financial institutions that have functional status inside an instant payment mechanism. They're still looking for mass adoption after a period of testing it's capabilities.
Marketing for this functional service is just beginning to happen, and they do expect more companies and banks to adopt this much-needed service.
This service is expected to reach all community Banks in the United States and begin competing with other services that will see its benefits including healthcare.
Healthcare has much to gain by adopting this service due to a patient's need for instant information data sharing that is safe and secure during times of emergency. Pymnts
© Goldilocks
~~~~~~~~~
"Japan’s government will issue 20 trillion yen ($133 billion) in transition bonds over the next decade, throwing the emerging global market wide open. Such exponential growth is huge compared to the $7 billion raised since 2020."
Japan is quickly moving into a transitional strategy through cutting emissions in the air and reducing fossil fuel. This will require investor confidence which is well underway by many whales and institutions surrounding these new ventures.
And, Japan intends to scale energy options research, comparative analysis, and measurements of various forms of energy.
These green initiatives in the form of green bonds and other tokenized assets will provide much needed liquidity to shape our world inside a new clean environment and digital processes that will allow us to walk into a new world.
Here, we are getting a first look at what is taking place to shape our new world.
© Goldilocks
METI
SPECTRA
Study Smarter
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What are Real-Time Payments (RTP)? - Modern Treasury
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Introducing Digital Inheritance with Vault12 | Youtube
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Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy Department’s EIA today. Coal consumption by tonnage peaked in 2007. But by energy content, coal consumption peaked in 2005 at 22.79 quadrillion Btu. WolfStreet
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Saudi Arabia targets historic green bond sales for projects | Retail – Gulf News
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A MESSAGE FROM SAM OLIVER ON GOLD
Gold is currently consolidating at an all-time high price. And consolidation means that it is solidifying the support and justifying the support of where it is now, recognizing that future trades will come at a much higher demand going forward. These demands will increase the price of gold.
It is also known at this time that it is the transition into the next economy, one of which that will be a transition into a gold standard through a digital asset protocol. These moves in and of themselves justifies the move into the tokenized asset digital economy. And because of these moves, the adoption and the support of gold to make this transition not only will become necessary, but inevitable.
So many of these institutions and companies and governments are continuing to buy gold because they see that as an asset of transitory nature, but they also see it as an asset of power going forward.
So you're going to see some competition between governments moving forward. This will cause the price of gold to continue to climb, and at some point it will carry silver along with it, as we especially move into more solar power for all countries around the world.
In fact, you're seeing less use for fossil fuel, and it seems to be that we are starting to leave behind the necessity of fossil fuel and moving into a transitional phase of more electric power.
So, as we go forward, we're going to continue to watch the price of gold and its demand and its new use case scenarios in this new world. The digital world is bringing forth many clean initiatives around the world that will be placing green bonds and opportunities for countries to grow into new jobs and new opportunities that will surround these new green initiatives. as our society continues to grow into a new dimension of living that we have never seen before in history.
It is a time of which change and openness to change is going to demand what is highest in us, to become creative creators in this new age of creativity. I hope you have a wonderful day. This is my take on it this week in hopes that you will understand why the importance of gold for the new liquidity inside our new economy is the bridge to what we've been looking for, but it is also the bridge into future hopes and dreams of all of us. https://t.me/c/1545617426/75947
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Introducing Digital Inheritance with Vault12 | Youtube
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Climate bonds toward achieving net zero emissions and carbon neutrality: Evidence from machine learning technique - ScienceDirect
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Transition Finance | Youtube
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Japan Bank Launches First Deposit-Backed Stablecoin ‘Tochika’
This stablecoin is secured by deposits and can be utilized for spending convenience at participating merchants. Furthermore, the move is groundbreaking as Japan is a country where cash still reigns supreme.
Hence, Hokkoku aims to entice retail businesses by offering a competitive merchant rate of just 0.5% for cashless transactions through the app.
Additionally, the bank seeks to persuade companies issuing paper gift certificates to transition to the digital realm by embracing point-based transactions facilitated by the app. CoinGape
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Singapore, 2 April 2024… The Monetary Authority of Singapore (MAS) today introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related requirements on digital payment token (DPT) service providers. These amendments will take effect in stages from 4 April 2024. [1]
2 The amendments will bring the following activities within the scope of regulation under the PS Act:
(i) Provision of custodial services for DPTs;
(ii) Facilitation of the transmission of DPTs between accounts and facilitation of the exchange of DPTs, even where the service provider does not come into possession of the moneys or DPTs; and
(iii) Facilitation of cross-border money transfer between different countries, even where moneys are not accepted or received in Singapore.
3 The amendments will empower MAS to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.
4 Transitional arrangements will be provided for entities currently conducting activities under the PS Act’s expanded scope. Such entities must notify MAS within 30 days, and submit a licence application within six months from 4 April 2024, if they wish to continue the activities on a temporary basis while MAS reviews their licence applications.
The licence application must be accompanied by an attestation report of the entity’s business activities and compliance with anti-money laundering and countering the financing of terrorism requirements, duly completed by a qualified external auditor, within nine months from 4 April 2024.
5 Entities that do not fulfil the requirements above are required to cease the activities when the amendments come into effect.
6 The amended Payment Services Regulations on safeguarding of assets belonging to customers of DPT service providers [2] (https://www.mas.gov.sg/news/media-releases/2024/mas-expands-scope-of-regulated-payment-services#2) will take effect six months from 4 April 2024. These include segregating customers’ assets and placing them in a trust account for the benefit of customers, maintaining proper books and records, and ensuring that effective systems and controls are in place to protect the integrity and security of customers’ assets. Monetary Authority of Singapore
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Navigating Regulatory Change: An Insight into PRA’s Policy Statements on Basel 3.1 Standards | Insights | UK Finance
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The cryptocurrency market is witnessing a significant migration of investors from the recent Green Bitcoin presale sold out to BlockDAG’s (BDAG) presale, which indicates the evolving preferences and strategies among digital asset investors. TimesTabloid
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5 Reasons Why: Gold is Green | The Assay
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15 Awesome Uses of Gold [Definitive List] | PhysicalGold
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"Gold Futures Soar to Historic Highs: Eyes on Inflation, GDP Data for Next Move" | Investing
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We are heading into a huge tailwind at any moment. A full-blown liquidity crisis will be met with the implementation of green bonds and releasing the caps on gold.
© Goldilocks
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We are starting to see green initiatives being implemented along with the tokenization of gold. These two assets will provide liquidity for us inside the new digital asset based trading system.
© Goldilocks
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"Sentiment and positioning indicators are near highs, JPMorgan warns" | Investing
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7:35 PM Tuesday, April 2, 2024 (GMT+3)
Time in Baghdad, Iraq
Rate from cbi.iq 1310.00 No changes..
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Just a reminder, no one has access to your name in my telegram room, and anybody on my list in this room will not be sold after the RV.
© Goldilocks
~~~~~~~~~
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Subscribe to Newsletter
Thank you Dinar Recaps
Here’s How Much Cash You Need Stashed If a Recession Happens
Here’s How Much Cash You Need Stashed If a Recession Happens
Nicole Spector Tue, April 2, 2024
For months economists have been predicting that a recession will strike. And Americans are paying attention. According to Finder’s Consumer Confidence Index, which gathered information in January and February 2023, 76% of respondents say it’s likely the U.S. will enter a recession in the next 12 months. And right now, the average American is saving $692 a month.
Is that enough money? How much cash do you need stashed away if a recession happens?
Finance Experts All Say the Same Thing
GOBankingRates consulted quite a few finance experts and asked them this question. They all said the same thing: You need three to six months’ worth of living expenses in an easily accessible savings account. The exact amount of cash needed depends on one’s income tier and cost of living.
Trending Now: How Much Money You Should Have in Your 401(k), According to Expert Humphrey Yang
“For two-income families, you could be closer to the 3-month side,” said Ted Braun, CFP, SVP financial advisor at Wealth Enhancement Group. “For a single-income family, I would be a little closer to the 6-month side. What this does is prevent the need to dip into 401(k)s or brokerage accounts if someone unexpectedly loses their job.”
Here’s How Much Cash You Need Stashed If a Recession Happens
Nicole Spector Tue, April 2, 2024
For months economists have been predicting that a recession will strike. And Americans are paying attention. According to Finder’s Consumer Confidence Index, which gathered information in January and February 2023, 76% of respondents say it’s likely the U.S. will enter a recession in the next 12 months. And right now, the average American is saving $692 a month.
Is that enough money? How much cash do you need stashed away if a recession happens?
Finance Experts All Say the Same Thing
GOBankingRates consulted quite a few finance experts and asked them this question. They all said the same thing: You need three to six months’ worth of living expenses in an easily accessible savings account. The exact amount of cash needed depends on one’s income tier and cost of living.
Trending Now: How Much Money You Should Have in Your 401(k), According to Expert Humphrey Yang
“For two-income families, you could be closer to the 3-month side,” said Ted Braun, CFP, SVP financial advisor at Wealth Enhancement Group. “For a single-income family, I would be a little closer to the 6-month side. What this does is prevent the need to dip into 401(k)s or brokerage accounts if someone unexpectedly loses their job.”
Doing the Math
Here’s how to quickly calculate exactly what a six-month cash cushion should be.
“To calculate your number, you need to add up your monthly essential expenses (what does it cost for you to live/exist), add in a small buffer, and then multiply that total number by 6,” said Michela Allocca, financial analyst, entrepreneur and the founder of Break Your Budget. “For most people, this is $20k in cash +/- $5k.”
Businesses and Entrepreneurs Should Set Aside More
If you’re in charge of a business and want to keep it afloat during a recession that threatens it, you’ll need to set aside more cash.
“I advise entrepreneurs and small business owners to strive to set away one year’s worth of business expenses since there is more economic uncertainty,” said Sarah Sharp, attorney and partner and founder of SK&S Law Group. “Several of our client business owners who followed this advice avoided having to close their doors due to the pandemic.”
Investments Matter Too
When prepping for — or riding out — a recession, a cash reserve isn’t the only thing you’ll need. You’ll also need a sound investment strategy.
“When it comes to investing, the key is diversification,” said Scott D. Nelson, founder of Thrive Wealth Strategies. “Make sure to spread your investments across different asset classes such as stocks, bonds, real estate and commodities.”
Nelson adds to be sure to look into low-risk options like certificates of deposit or bond funds, which offer higher yields than traditional savings accounts but with less fluctuation in returns.
This article originally appeared on GOBankingRates.com: Here’s How Much Cash You Need Stashed If a Recession Happens
https://news.yahoo.com/finance/news/much-cash-stashed-recession-happens-110610584.html