Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24
Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24
Good Afternoon Dinar Recaps,
Ripple's new stablecoin which is expected to be launched later this year will expand into several different Global Networks.
On a broader scale, Ripple's new stablecoin will allow them to create demand for their coin on centralized and decentralized platforms.
One platform utilizes the traditional model of centralized banking exchanges, and the other utilizes peer-to-peer transactions that can be held in a private exchange.
This will expand the use of Ripple coin among all users going forward who wish to utilize the network of Ripple coin in their transactions.
Goldilocks' Comments and Global Economic News Friday Afternoon 4-5-24
Good Afternoon Dinar Recaps,
Ripple's new stablecoin which is expected to be launched later this year will expand into several different Global Networks.
On a broader scale, Ripple's new stablecoin will allow them to create demand for their coin on centralized and decentralized platforms.
One platform utilizes the traditional model of centralized banking exchanges, and the other utilizes peer-to-peer transactions that can be held in a private exchange.
This will expand the use of Ripple coin among all users going forward who wish to utilize the network of Ripple coin in their transactions.
The XRP Ledger can be utilized in both transactions (centralized and decentralized networks) that will include the use of this aspect of their company as well. The US stablecoin is not the only country that Ripple would like to utilize this new stablecoin service going forward.
It is a move that expands the use of Ripple coin diversifying its capabilities among institutions and private buyers who wish to utilize its speed and easy scalability on the new QFS.
Business Wire CNBC Investopedia
© Goldilocks
~~~~~~~~~
Since Ripple's stablecoin is going to be backed 100% by US dollar deposits, they are agreeing to go through monthly audits. It is something that the banking system does as well. This lines Ripple up with the banking system and shows their willingness to be completely transparent.
The alignment between cryptocurrency and the traditional banking system forming an alliance such as this gives each of us and much clearer understanding of how payment systems will be settled inside a new digital economy through Ripple.
The importance of this move cannot be overstated. I can only tell you it is a move that will change the banking system forever. Coindesk
© Goldilocks
~~~~~~~~~
4/5/2024 Good Morning,
I hope everyone is doing well and looking forward to their weekend. I wanted to go over the importance of Ripple's announcement this week in launching a new stablecoin backed 100% by US deposits.
This aligns Ripple as a settlement token between deposits, trades, and banking exchanges. Just like the banking system, Ripple intends to be audited once a month to show transparency of their Network System.
This not only shows that the banking system is becoming digitized, it shows that our Protocol 20 tokenized assets will soon be able to be processed through the new Digital Banking System.
This is a slow roll out, but it is moving forward. Nothing is holding us back, and we are moving forward as new networks are interfaced onto the new Quantum Financial System.
This is currently where we are in the integration of the new digital banking system. Traditional banking system is currently being digitized. Everything will be tokenized going forward. This will allow us to hold real values in our new banking system that can be processed through Quantum Technologies.
Tomorrow night, there will be a Saturday Night Live call giving you an update on where we are in the new Digital Banking System. Jester and Freedom Fighter do an excellent job explaining where we are in the movement and transition into our new economy that leads to our revaluation of all assets across the markets including Forex.
Do make time for this important event on Saturday night, a transition of this magnitude has shifted our economy. And, many people will overlook the magnitude of this announcement. This is why it is important to listen to as many perspectives on this shift as possible as we collectively move our money onto the QFS. Saturday Night Live
© Goldilocks
~~~~~~~~~
"LUANG PRABANG — Việt Nam's Minister of Finance and Central Bank Governor and other ASEAN counterparts engage in discussions with international business councils to strengthen financial ties and promote sustainable growth in the region."
Vietnam is currently engaged in monetary policy and monetary cooperation initiative changes.
They are currently taking active steps to be more inclusive on the international stage in terms of market growth and commitment to sustaining that growth with partnerships that will enable them to improve economical standards of living.
Their new Basel 3 compliant banks will allow them to show collateralization and the ability to make higher volume trades than before through proof of the ability to transact on both sides of a trade.
As Vietnam continues to expand their economy, these new demands on their currency will justify new price actions on their currency. Vietnam News
© Goldilocks
~~~~~~~~~
Financial Services Authority of Indonesia Announcement:
"The Financial Services Authority of Indonesia said Indonesia's economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management."
Indonesia is Basel 3 compliant. This will allow their movement into less pandemic support, and into measures that support their own economy through the new digital asset-based trading system.
The new digital economy will require a gold backing to service the needs of the new cryptos they are in the process of testing and going through approval for the development of their new economy. Coin Telegraph WHO
© Goldilocks
~~~~~~~~~
A New Digital Core for Banks | Huawei Enterprise | Huawei
~~~~~~~~~
The Fed - Tokenized Assets on Public Blockchains: How Transparent is the Blockchain? | The Federal Reserve
~~~~~~~~~
Office CRE Mess Keeps Getting Worse, Massive Repricing Underway | Wolf Street
~~~~~~~~~
Mexico Approves Bill Regarding Electronic Financial Transactions | Insights | Holland & Knight
~~~~~~~~~
Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings | ZeroHedge
~~~~~~~~~
Cooperation not competition is the driving force of the new economy.
© Goldilocks
~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
Economist's "News and Views" Friday 4-5-2024
Is The U.S. Going Bankrupt? Will Your Assets Be Confiscated? Economist Steve Hanke Answers
David Lin: 4-4-2024
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the Fed's next course of action, the impact of rising debt on investors, and the result of lowering fertility rates.
0:00 – Intro
2:00 - Fed monetary policy
4:55 - Inflation outlook
9:30 - Will the Fed still pivot?
Is The U.S. Going Bankrupt? Will Your Assets Be Confiscated? Economist Steve Hanke Answers
David Lin: 4-4-2024
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the Fed's next course of action, the impact of rising debt on investors, and the result of lowering fertility rates.
0:00 – Intro
2:00 - Fed monetary policy
4:55 - Inflation outlook
9:30 - Will the Fed still pivot?
12:45 - Money velocity
23:30 - Bond yield outlook
26:20 - Interest payments
28:20 - Confiscation of assets
30:54 - Rising government debt
32:19 - Declining fertility rate
38:20 - Risks to civilization
41:22 - BRICS
45:00 -TikTok ban
50:00 - Dollarization vs. currency board
IMF WARNS OF "COMING PANIC IN THE FINANCIAL MARKETS." Important Updates.
Greg Mannarino: 4-5-2024
Governments Sleepwalking into Debt Trap with Alasdair Macleod
WTFinance: 4-5-2024
On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod - Head of Research for Goldmoney.
During our conversation we spoke about how the FED have lost control, what this means for inflation and interest rates, the potential bond yield blowout, why the system hasn't collapsed yet, gold to continue to go higher and more.
I hope you enjoy!
0:00 – Introduction
1:39 - Overview of markets
3:38 - What influenced stop of bond yield blowout?
6:57 - Financial repression to save system?
8:22 - Onshoring to benefit US?
9:42 - Why has system not collapsed yet?
11:20 - No strong economy challenging the US?
14:57 - What is behind the rise in gold?
19:12 - Shift in what credit buys you?
22:00 - Speculators benefit from currency depreciation
23:15 - Real assets to benefit?
28:13 - Other commodities to benefit?
30:45 - China indebted?
35:59 - One message to takeaway from our conversation?
More News, Rumors and Opinions Friday PM 4-5-2024
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
KTFA:
Clare: Iraq ranks high on the list of “most influential” countries in the world
4/4/2024
Iraq ranked high on the list of “most influential” countries in the world for the year 2024, an index that measures 11 details that include military power, international alliances, trade, culture, diplomatic influence, and others.
Iraq ranked 49th globally out of 194 countries, while it ranked fourth in the Arab world after Saudi Arabia, which ranked ninth globally, then the Emirates and Egypt, and then Iraq, whose global score reached 83 out of 100.
In first place in the world, the United States of America came in the world for the year 2024, with a number of points reaching 95.3 out of 100, and then China came with a number of points reaching 95 points out of 100.
The index includes the perceptions of more than 320,000 experts, such as politicians and business leaders, and countries are ranked based on the highest scores among 11 characteristics: military strength, strong international alliances, highly respected state leadership, international trade and travel, and power.
Economic, country culture, diplomatic influence, global diaspora, media influence, being beneficial to other countries in need, and how connected those countries are to the rest of the world, according to SeaWorld. LINK
**************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The exchange rate is in the budget to be voted on by parliament. But the budget is waiting for the new exchange rate. The budget is not waiting for any vote on parliament.
Nader From The Mid East In 2001 they declare war with Iraq...There is a difference between ceasefire and the war is finished. For now it's ceasefire. No one declared the end of the war in Iraq. You see the coalition forces still there. You see the army. Maybe not a lot but they're still there. For Iraq to be free everybody have to get out of there. Any decisions Iraq made, anything Iraq do or does the United States...have to say yes you can do it or not...The war didn't end. That's why you see Sudani coming out in the 15th of this month coming up to talk about the coalition to get out of Iraq.
Alert : BRICS secret gold revaluation - LFTV Ep 167
Kinesis Money: 4-5-2024
In this week’s episode of Live from the Vault, Andrew Maguire takes listeners through the recent gold price action and short-term predictions, revealing the behind-the-scenes failings of the Fed’s price-capping.
The London whistleblower uncovers the panic behind physically-driven precious metal rallies and provides a major update on the BRICS commodity-backed currency that hastens dedollarisation.
Timestamps:
00:00 Start
01:25 Recent gold price action & moving forward
14:30 Fed forced to stop suppressing gold?
17:39 Impact of Bitcoin ETFs
20:55 The new higher stair steps
28:16 Liquidity providers' gold price forecast
28:45 An update on the BRICS summit
34:00 Today’s silver market
Zimbabwe launches new gold-backed currency - ZiG
Zimbabwe launches new gold-backed currency - ZiG
By Shingai Nyoka,BBC News, Harare
Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold".
It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years.
Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at a market-determined exchange rate.
The ZiG replaces a Zimbabwean dollar, the RTGS, that had lost three-quarters of its value so far this year.
Zimbabwe launches new gold-backed currency - ZiG
By Shingai Nyoka,BBC News, Harare
Zimbabwe has introduced a new gold-backed currency called ZiG - the name stands for "Zimbabwe Gold".
It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years.
Unveiling the new notes, central bank governor John Mushayavanhu said the ZiG would be structured, and set at a market-determined exchange rate.
The ZiG replaces a Zimbabwean dollar, the RTGS, that had lost three-quarters of its value so far this year.
Annual inflation in March reached 55% - a seven-month high.
Zimbabweans have 21 days to exchange old, inflation-hit notes for the new currency.
However, the US dollar, which accounts for 85% of transactions, will remain legal tender and most people are likely to continue to prefer this.
The new ZiG banknotes come in denominations of between 1 and 200.
Coins will also be introduced to overcome the shortage of US coins, which has seen people receive change in sweets, small chocolates and pens.
Mr Mushayavanhu said the new currency was being rolled out with immediate effect and banks must convert current Zimbabwe dollar balances to the ZiG.
He committed to ensuring that the amount of local currency in circulation was backed by equivalent value in precious minerals - mainly gold - or foreign exchange, in order to prevent the currency losing value like its predecessors.
Zimbabweans have a historic mistrust of the central bank, dating back to 2008, when it was printing Z$10tn notes while inflation had run out of control.
It then abolished its own currency and for many years only used foreign banknotes such as the US dollar and the South African rand.
In late 2016, the body introduced a new currency called the bond note that was backed by the US dollar loan facility. The then-central bank governor John Mangudya vowed it would remain on a par with the US dollar. But the bond note crashed when the government began printing excess money.
Promises have now been made by the central bank's new governor that overprinting will not be allowed to happen again.
But public reaction on Friday to the latest currency reveal has been subdued.
"We now end up in the same place where we started - where assurances are being given to the market that the government will live within its means," economist Godfrey Kanyenze told the BBC.
"The political culture has not changed - the critical point is discipline on the part of the authorities."
The announcement of the new currency comes as the country is grappling with the effects of a serious drought, which has destroyed half of the country's crop of the staple food, maize.
Zimbabwe and Indonisian News posted by TNT Members 4-5-2024
TNT:
Harambe: Zimbabwe central bank says it has assets worth 2.5 tons of gold | Voice of America 4/4/24
On the eve of the anticipated rollout of a new gold-backed currency, Zimbabwe's central bank announced Thursday that it has the equivalent of 2.5 tons of gold reserves.
Speaking in Harare after seeing the assets of the Reserve Bank of Zimbabwe, John Mushayakarara, the new bank’s governor, told President Emmerson Mnangagwa – whom he addressed as H.E., for his excellency – that the bank’s balance sheet was healthy, with reserves of gold and other minerals worth $175 million.
“I have taken over the control of the central bank," Mushayakarara said, "and one of the things I had to do upon taking over was to verify the assets that the central bank holds. And this morning I showed H.E. the gold that is in the vaults, and I can confirm that we have in the vaults at the central bank 1.1 tons of gold.
TNT:
Harambe: Zimbabwe central bank says it has assets worth 2.5 tons of gold | Voice of America 4/4/24
On the eve of the anticipated rollout of a new gold-backed currency, Zimbabwe's central bank announced Thursday that it has the equivalent of 2.5 tons of gold reserves.
Speaking in Harare after seeing the assets of the Reserve Bank of Zimbabwe, John Mushayakarara, the new bank’s governor, told President Emmerson Mnangagwa – whom he addressed as H.E., for his excellency – that the bank’s balance sheet was healthy, with reserves of gold and other minerals worth $175 million.
“I have taken over the control of the central bank," Mushayakarara said, "and one of the things I had to do upon taking over was to verify the assets that the central bank holds. And this morning I showed H.E. the gold that is in the vaults, and I can confirm that we have in the vaults at the central bank 1.1 tons of gold.
"We also have other minerals – diamonds and so forth. If converted to gold, [they would] be equal to 0.4 ton of gold. We have other gold which is held offshore. It is worth 1 ton of gold.”
On Friday, Mushayakarara is expected to announce the introduction of a gold-backed currency to replace the worthless local dollar, which is currently trading at around 30,000 to one U.S. dollar and, unlike the South African rand, does not circulate in neighboring countries.
This was the first time in recent memory that the central bank gave an accounting of its gold and mineral assets. Mnangagwa said he was happy to physically see the assets that outgoing Reserve Bank of Zimbabwe Governor John Mangudya handed over to Mushayakarara.
Responding to a question from journalists about whether the country had enough gold to back its anticipated new currency, Mnangagwa said, “Let me assure you that my government does not work on rumors. We work on facts. Rumors can continue flying, but you have been able to come here and see facts for yourselves. So you should compare the facts you see today and the rumors you hear in the streets.”
The press conference generated much debate on social media, with some saying the country’s gold reserves were being looted. One businessman allied with the ruling Zanu-PF party, Pedzisayi Sakupwanya, said he delivered 13 tons of gold to the central bank last year.
Zimbabwe has introduced and abandoned at least five currencies since independence in 1980, all of which lost value to become almost worthless. It remains to be seen how well the new gold-backed currency is accepted by the public, and how it trades against the dollar and the South African rand.
https://www.voanews.com/a/zimbabwe-central-bank-says-it-has-2-5-tons-of-gold-reserves/7557328.html
************
Tishwash: could this be smoke before the fire? hmmmmm
Pictures of 'new Indonesia banknotes' shared online not legal tender: central bank
Indonesia's central bank have considered for years to change the country's banknotes by dropping three zeroes from the rupiah, but a video viewed hundreds of thousands of times online does not show new money in circulation in March 2024. Images in the clip appearing to show banknotes were taken from a January 2013 news report that illustrated what the new rupiah could look like. They were not legal tender, according to Bank Indonesia.
The video, which appeared to show three banknotes with the value of 20, 50 and 100 rupiah, was viewed more than 43,000 times in a TikTok post from March 16, 2024.
The post claimed to share the "latest" update from Bank Indonesia, the central bank that has sole authority to issue money in the archipelago. The Indonesian-language caption said in part: "New Money 2024".
A male narrator could be heard in the video saying: "Bank Indonesia officially issued new money or rupiah notes of 1,000 to 100,000 rupiah." He added the central bank removed three zeroes in the new money.
Screenshot of the false post, taken on March 27, 2024
Indonesia's finance ministry and the central bank have for years been considering to "simplify" the national currency by removing three zeroes from the rupiah in a practice called redenomination (archived links here and here).
The same video was viewed more than 771,000 times in similar posts on TikTok and SnackVideo here and here.
The image of the purported new money also previously circulated on Facebook in 2020.
However, the video shows illustration designs for Indonesian money presented in 2013.
Not legal tender
Bank Indonesia clarified in a post on social media platform X on March 17, 2024 that the video was a "hoax" (archived link).
"The video circulating is definitely not from Bank Indonesia," it said. "The visuals presented in the video are definitely not the official rupiah circulated by Bank Indonesia."
The bank added it had not started the redenomination process for the rupiah. "The redenomination implementation still needs to see the right momentum and it will not be carried out in the foreseeable future," it said. link
"Tidbits From TNT" Friday Morning 4-5-2024
TNT:
Tishwash: The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bank of Iraq.
1000 ATMs will be installed by end of year across all provinces in KRG
The registration process for Kurdistan Regional Government (KRG) salaried employees in the "My Account" project continues, with the number of registrations reaching 260,000 people. Additionally, 153,000 cards have been issued to those registered.
Approximately 1,000 ATMs will be installed across all provinces, districts, and areas of the Kurdistan Region of Iraq (KRG) by the end of 2024, as announced by the Kurdistan Regional Government (KRG) Media and Information Office on Thursday.
TNT:
Tishwash: The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bank of Iraq.
1000 ATMs will be installed by end of year across all provinces in KRG
The registration process for Kurdistan Regional Government (KRG) salaried employees in the "My Account" project continues, with the number of registrations reaching 260,000 people. Additionally, 153,000 cards have been issued to those registered.
Approximately 1,000 ATMs will be installed across all provinces, districts, and areas of the Kurdistan Region of Iraq (KRG) by the end of 2024, as announced by the Kurdistan Regional Government (KRG) Media and Information Office on Thursday.
The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bankof Iraq.
As a pilot initiative last year, employees of Erbil Maternity Hospital received their salaries through "My Account."
At the conclusion of last year, the colleges of arts, agriculture, and science at Salahaddin University began receiving salaries through "My Account."
Some of the project's services include:
1. Access to hundreds of ATMs to withdraw all user funds at once for free.
2. Available equipment for 24-hour use, allowing employees to withdraw money at their convenience.
3. Access to various bank loans and advances.
4. Use of debit cards for online purchases and Point of Sale (PoS) transactions.
5. Secure and safe money transfers domestically and internationally.
6. Access to the bank's mobile application to monitor account activity and receive mobile notifications upon salary deposits. link
***********
CandyKisses: Sudani's visit to Washington. Iraqi insistence on removing the occupier
Information / Baghdad...
Amid assurances that there is an active and serious move by the government and its negotiating delegation with the so-called international coalition to end its presence in Iraq, the Iraqis insist on removing these forces or returning to resisting the American occupier.
The visit of Prime Minister Mohammed Shia al-Sudani to Washington may be a gateway to ending the US combat presence in Iraq or it may fail if Washington insists on keeping its forces on Iraqi soil, which will give the green light to the Islamic resistance to Resume its operation against the foreign occupier.
In order to explain the most important files that the Sudanese will carry with him to Washington, MP for the Sadiqoun bloc, Muhammad Karim, says that "the prime minister will discuss the file of arming the army, and the development of Iraq's air defenses, In addition to the file of removing the US combat forces.
Karim added that "America will try to impose some files during the next visit, while the governments enjoy political and parliamentary support in moving towards making fateful decisions during the negotiating round, which will begin in the middle of next month, although the government has come a long way in negotiations through the joint committees formed by the two parties."
On the other hand, former MP Ahmed Ali stressed that "the attacks carried out by America on the headquarters of the Iraqi factions represent a violation of the agreement between Baghdad and Washington."
He told Al-Maalouma that "the factions announced their commitment to government decisions to resort to a diplomatic solution to remove US forces."
He pointed out that "the government is past in the file of the exit of Americans from Iraq, and the visit of the Sudanese has put this file among the priorities in the talks that will be held with Biden."
In the same context, Hussein al-Karawi, head of the organizing body of the popular movement for the Belt and Road, said that "the experience with America confirms that its forces will not leave Iraq peacefully.
Al-Karawi told Al-Maalouma that "Washington seeks not to empty the Iraqi arena of the military presence of its forces, so these forces will not leave Iraq without the resistance carrying out jihadist actions to end their presence on Iraqi territory and force them to leave."
Iraqi Prime Minister Mohammed Shia al-Sudani said he wanted a "quick and ordered exit" of the US-led international coalition forces from Iraq amid mounting demands that US forces do not remain in Iraq.
"Let's agree on a time frame (for withdrawal) that is quick so as not to prolong the existence and the attacks continue," al-Sudani said in an earlier interview with Reuters news agency, noting that the only way to avoid a regional escalation is to stop the war in Gaza.
************
Tishwash: After Saudi Arabia, Iraq ranks second among the five oil-producing countries in the region - Urgent
BP statistics in the last two decades show that the tightening of sanctions against Iran and the increase in Iraqi oil sales have pushed Iraq to assume the position and market of Iranian oil in the region.
When talking about the Iranian economy, oil is considered one of the most important variables that must be examined. This black gold has affected the economy such that with the flood of its sales in global markets, the Iranian economy is witnessing great prosperity, and with the decline of its sales, it is on the path to recession.
Studies have previously pointed out the importance of oil revenues and the difference in oil sales statistics from three reliable sources, and the reason for this difference has been discussed in detail.
Iraq, Saudi Arabia, the Emirates, and Qatar are leading countries in the oil industry in the region, similar to Iran. Today, if we want to see the performance of Iranian oil sales compared to these countries, we must take a look at the oil sales statistics and examine them carefully.
This report, prepared by the “Aquairan” economic website, reviews Iran’s share of oil sales in the past two decades.
Iraq is at the forefront
Oil statistics provided by British Petroleum (BP) show that since 2004, Iran has become the second oil exporting country among these five oil countries after the Kingdom of Saudi Arabia. This year, Saudi Arabia’s oil exports reached 6 million and 800 thousand barrels per day, while it reached Iran's exports are 2 million and 700 thousand barrels.
At that time, Iraq was the fourth largest oil exporter among these countries and sold only 1.5 million barrels of oil per day.
Over time, Iran continued to maintain its position among these five countries until 2011, but Iraq's exports did not remain constant as was the case in Iran, but rather rose to reach 2 million and 400 barrels of oil per day.
In 2011, with the beginning of the series of oil sanctions on Iran, Iranian oil sales suddenly suffered a severe blow, and this blow continued, even after the nuclear agreement in 2015, as Iraq ranked second in the region and Iran fell to fourth.
The positive impact of the JCPOA on the Iranian oil market contributed to Iran’s oil export position rising by one point among the five countries and reaching third place in 2017, but this success was short-lived. With Trump's accession to American power and his withdrawal from the nuclear agreement, as well as the beginning of the Corona pandemic, Iran declined again in 2021, and ranked third with a daily export of 1.9 million barrels.
This comes at a time when, in that year, Iraq exported 3.4 million barrels of oil per day and ranked second after Saudi Arabia among the five oil-producing countries in the region.
The increase in Iraq's oil sales and the tightening of oil sanctions on Iran in these two decades caused a change in the position of Iran and Iraq in oil sales, and Iraq was able to seize second place. link
Mot .. What Can I Say! -- They is OUt There!!!!
Mot: ..... I Still Don't Believe Her!!!
News, Rumors and Opinions Friday AM 4-5-2024
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 Fri. 5 April 2024
Compiled Fri. 5 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sat. 30 March Militia Man: “Two parties have confirmed that Iraq is currently RVing in-country on 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 to reflect the changes of their new rate for the Iraqi Dinar and effective Sat. 30 March.”
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 Fri. 5 April 2024
Compiled Fri. 5 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sat. 30 March Militia Man: “Two parties have confirmed that Iraq is currently RVing in-country on 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 to reflect the changes of their new rate for the Iraqi Dinar and effective Sat. 30 March.”
Thurs. 4 April Bruce Call (by Sue):
Our number one guy got word that Tier 3 Bond Holders started and should be emailed sometime Fri. 5 April about where they are and what is going on and liquidity.
A Paymaster called this one guy and said activity in Reno is off the charts and they have beefed up security because those in Reno are doing the KYC and they are adding security to speed this process up and it’s very very significant.
Another high up person said: “This is RIGHT ON TOP OF US.”
Thurs. 4 April Evening Wolverine: The below from Bruce is what I was told yesterday which I shared to only a few as I wanted a confirmation and it looks like Bruce has it: Bruce on Thurs. 4 April: “#21 guy got word that Tier3 bondholders have been started, and should get emails sometime tomorrow Fri. 4 April, as to where they are what is going on, telling them about their liquidity. Paymaster said that activity in Reno is off the charts. They have added security is that they are at the place where bond holders are doing their KYC and they are adding security for that process. This is significant. Another person called and said that this is right on top of us.”
Thurs. 4 April Morning Wolverine: Latest information on Tier 3 progress. Shared with permission from an anonymous contact who is connected to Tier 3 bonus groups. Anonymous Friend: I just talked to one of my contacts. He said that tomorrow, April 4, there will be a large Zoom meeting involving many banks and payers. He thinks they will discuss how everything will go; And he believes the green light with notifications could happen late Thursday night or possibly Friday.
Thurs. 4 April Bearded Patriot USA: Possible announcement today or tomorrow of our new GCR/Gold backed currency along with the new USN CURRENCY. I was told this ad would be made by MSM. Let’s see what happens, is it real or another deep state fake by the White Hats!
Thurs. 4 April Ginger: I’m sharing this for what it’s worth. This hasn’t been triple-examined by me yet, but given the movement I’m hearing about with the GCR side – fines and sanctions, farm claims, CMKX payments rumored to be starting – I’m encouraged. These are the steps necessary before moving to Level 4B. Personally I think Friday is too early, prematurely. But that’s just my opinion. Take it or leave it. However, I do know for a fact that Reno is not even considered to be on “high alert” yet, as of Wednesday 4.3.24, for Tier 3 bond payments. That’s why I encourage everyone to stand firm and watch the positive movements for what they are: necessary stepping stones. Hang there!
Thurs. 4 April EBS, NESARA, Quantum Financial System: Capt Kyle Patriot:
In early April, the announcement regarding the launch of NESARA is anticipated. A Global Emergency Broadcast System will be activated, featuring documentaries aimed at enlightening the masses about recent events.
To facilitate this, a global lockdown lasting 10 to 12 days will commence, with a message broadcasted on the EBS instructing everyone to stay home during a specific 5-hour window. Throughout the lockdown period, comprehensive documentaries will air across all stations, providing full disclosure of recent developments.
Upon the conclusion of the lockdown, an 800 number will be provided for the public to schedule appointments to set up their Quantum accounts, ensuring everyone globally receives a sum of money deposited into their accounts
Recent weeks have seen limited updates from the QFS Team due to significant events unfolding, including the seizure of approximately 75 banks and closure of all Cabal accounts. Assets from these accounts have been transferred to Quantum Financial Accounts for redistribution to the people, including trust funds.
With the implementation of the Quantum Financial System, financial transactions are transparent and secure, eliminating corruption and fraudulent activities.
All Central Banks have transitioned to the QFS, operating under the ISO 20022 standard, ensuring accountability and traceability of funds. The imminent crash of the Stock Market heralds its demise, with personal bank accounts now reflected in Quantum Financial Accounts, except for investments and shares, which will be transitioned to a new system upon the QFS’s approval.
Assurances are given that all bank accounts, savings, and retirement accounts are secure. The anticipated date of April 1st may be delayed due to adjustments according to the Julian calendar, signaling a new beginning.
Read full post here: https://dinarchronicles.com/2024/04/05/restored-republic-via-a-gcr-update-as-of-april-5-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Sudani said to his citizens, 'Before the end of Ramadan, before the start of EID it is my desire to make a major announcement.' Ramadan comes to an end on the 8th of April. On the 9th EID starts. From the 9th to the 11th we have an amazing window to study and to see what happens with our investment because on the 15th Sudani will go to Washington DC to see the president of the Untied States.
Walkingstick Executive order 13303 was the protection of the DFI funds of their oil money. All protected by the United States of America...No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds... 13303 was not sighed. This is good. It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency...
Vince Lanci: 'Bloomberg Warns Of 2007-Like Stock Market Crash, $3,000 Gold'
Arcadia Economics: 4-4-2024
In recent days we've seen divergence between the precious metals and stocks, a rise in bond yields, and continued worries that inflation is headed higher again.
Which has Bloomberg warning of a stock market crash similar to 2007-2008, that may be the foundation towards a move in the gold price towards $3,000.
So Vince checks in this morning to consider whether that's a realistic outcome, and what he's seeing in the markets that have been driving the precious metals over the now month and a half rally. To find out more, click to watch the video now!
Why Saudi Arabia’s Futuristic City Is A Sign Of Major Inflation To Come
Why Saudi Arabia’s Futuristic City Is A Sign Of Major Inflation To Come
Notes From the Field By Simon Black/James Hickman April 3, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Did you hear about the new streamlined tourist visa to Saudi Arabia? I’m sure you’re standing in line for it already.
No? Me neither.
I was actually stationed in Saudi Arabia for a while when I was in the Army… and, the most unique ‘tourist’ attraction, at least for non-Muslims, is a place we used to call “Chop Chop Square” where they would do the public beheadings and dismemberments of convicted criminals.
Aside from that, Saudi Arabia has virtually nothing to offer tourists. At least for now.
Why Saudi Arabia’s Futuristic City Is A Sign Of Major Inflation To Come
Notes From the Field By Simon Black/James Hickman April 3, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Did you hear about the new streamlined tourist visa to Saudi Arabia? I’m sure you’re standing in line for it already.
No? Me neither.
I was actually stationed in Saudi Arabia for a while when I was in the Army… and, the most unique ‘tourist’ attraction, at least for non-Muslims, is a place we used to call “Chop Chop Square” where they would do the public beheadings and dismemberments of convicted criminals.
Aside from that, Saudi Arabia has virtually nothing to offer tourists. At least for now.
But over the past few years the government has set itself on a path to building massive futuristic cities and giant resorts in an effort to bring tourists and diversify its economy-- including a recently streamlined visa process.
But to me, this screams of desperation… because it means that Saudi Arabia’s oil industry is in serious trouble.
As recently as just a century ago, what we know as ‘Saudi Arabia’ today was just a bunch of nomadic tribes roaming the desert who were constantly at war with one another.
Then one day a tribal leader named Abdulaziz Ibn Saud rose to power, a bit like Genghis Khan, and conquered everyone else. And in 1932, he declared himself sole ruler of the newly established Kingdom of Saudi Arabia.
Initially he wasn’t King of much at all; Saudi Arabia was mostly just a desert backwater in the early 1930s.
But things began to change quickly when a major oil discovery was made in early March of 1938. And over the years, Saudi Arabia’s prominence in the world grew dramatically.
By 1970, Saudi Arabia had overtaken the United States as the world’s #1 oil producer, with daily output more than tripling over the course of that decade to roughly 10 million barrels per day.
Ever since then there has been almost a Homeric mythology that Saudi Arabia has a sort of inexhaustible ocean of oil, and they could just turn on a spigot and fill up millions of barrels.
But that’s simply not true.
In fact, more than 40 years later, Saudi Arabia produces less oil today than they did in 1980. And there has long been speculation that Saudi oil reserves might actually be running low.
Not long ago, in fact, the Saudi government announced that they would make investments in their oil infrastructure to increase their maximum production capacity to 13 million barrels per day… but nothing further.
In other words, they set a hard ceiling for how much oil they were capable of producing, essentially shattering the mythology of their infinite oil capacity.
Then, just two months ago, they reversed their plans, and announced that their maximum drilling capacity would be 12 million barrels, and not 13 million.
Both of these should have been taken as obvious indicators that Saudi Arabia’s oil reserves are well past their peak… and that they know it.
But there is perhaps no greater indicator than the Saudi government’s desperate attempt to give its economy a gigantic sexy makeover.
For example, Saudi Arabia is building a ski resort in the desert mountains... where it occasionally dips below freezing in the winter. Then there’s Neom, the futuristic megapolis planned for the coast of the Red Sea featuring flying cabs and an artificial moon.
Then there’s The Line, a city stretching for 170 kilometers across the desert. And of course there’s the Red Sea Project, a luxurious resort the size of Belgium.
The more Saudi Arabia launches these sorts of projects, the more obvious it becomes that they are running out of oil and are desperately trying to diversify their economy while they still have time.
The fact that Saudi Arabia even started selling off small pieces of its state-owned oil company, Saudi Aramco, back in late 2019 is another indicator.
They could have IPO’d in 1988… or 2005… or any other time. But they didn’t. It seems like they know they’re in decline, and they’re trying to monetize the mythology of their oil reserves while they still can.
Now, Saudi Arabia isn’t going to run out of oil anytime soon; rather, the larger point is that supply and demand fundamentals will likely lead to much higher oil prices in the future.
And this is very inflationary.
Oil is the most important energy commodity in the world, and so its price influences the price of just about everything. If oil prices spike, then it’s not just the price of gasoline that goes up.
The cost of operating data centers with racks of servers and GPUs will increase. Food costs will increase. Manufacturing costs will increase. Virtually everything will increase in price.
Energy prices, like just about all prices, are ultimately about supply and demand. And the demand side is pretty easy to see— it will most likely continue increasing as emerging economies and global population grow.
Yes, there may be a time off in the future where oil is no longer necessary. But that’s still a long way out. Because guess what critical commodity you need to produce solar panels and wind turbines? Oil.
Meanwhile, on the supply side, it’s clear that one of the world’s biggest oil producers is in decline. At a minimum, they won’t be able to increase production commensurate with the increase in demand. And they’ve flat out admitted to that.
Meanwhile, another of the world’s biggest oil producers, the United States, is going out of its way to obstruct oil companies.
They create special taxes to penalize them. They refuse to follow the law and auction off concessions. They never miss an opportunity to demonize them.
Even in the financial industry, bankers and investors deprive the industry of the funds necessary for exploration. Hedge funds have taken over the Boards of major oil companies and forced them into inefficient green energy projects.
The United Nations hosts entire summits about phasing out oil production.
And let’s not forget about the fanatics who vandalize art museums and glitter bomb public sporting events to demand that the world “just stop” producing oil.
So, we have rising demand coupled with policies that restrict supply. The end result, predictably, has been rising oil prices, which are now hovering around $85-$90.
This is one of the reasons why the inflation numbers remain high; again, expensive energy impacts core inflation.
I write a lot about why we think the future is inflationary, and a lot of it has to do with the tidal wave of debt and government spending.
But that’s just one source of inflation. Higher energy prices are another.
Like the debt problem, however, the energy problem is also solvable. There’s plenty of oil in the world-- the issue is just misguided policy. There are also other technologies (like nuclear) which can provide abundant, cheap, clean energy.
There doesn’t seem to be much appetite among the environmental fanatics who enjoy complaining, but not actually solving any problems.
Now, one way to offset this oil cost inflation is to own shares of the oil companies themselves; and right now, several of them that are very cheap since it’s apparently not socially acceptable to own them.
In our investment research newsletter the 4th Pillar, we highlighted a highly profitable oil producer that is practically debt-free, and trading at a very attractive Price/Earnings ratio of just 3.4.
The company was able to turn a strong profit when oil prices were low, and they’re positioned to do extremely well as oil prices go higher.
Of course, no one can be happy about the prospect of future inflation.
But there are solutions. And if you understand what’s likely coming, you can take steps now to reduce the impact or even potentially benefit from inflation.
To your freedom, James Hickman
Co-Founder, Schiff Sovereign LLC
PS. I mentioned an oil company we have researched for our investment research newsletter the 4th Pillar. So far, we have added three to our portfolio. But oil isn’t the only critical real asset we discuss.
We’ve also detailed gold miners, iron works, shipping companies, agriculture, and so many more vital investments that make the world go round.
They all have something in common— they are great investments to guard against, or even benefit from, inflation, and they are all trading at extremely low valuations.
You can learn more about the 4th Pillar here.
Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24
Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24
Good Evening Dinar Recaps,
"On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants, which was published in the Federal Register on January 24, 2024."
The International Swaps and Derivatives Association examines risks and resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase.
All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research and comment phases are now going to be put before the Operational Resilience Framework.
Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24
Good Evening Dinar Recaps,
"On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants, which was published in the Federal Register on January 24, 2024."
The International Swaps and Derivatives Association examines risks and resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase.
All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research and comment phases are now going to be put before the Operational Resilience Framework.
The ORF will take their collected data, organize it, and bring it before the Market Risk Advisory Committee Meeting on April 9, 2024.
If passed by the CFTC, they will be able to move forward with new guidelines governing and directing our new digital economy inside the digital derivative markets that includes foreign currency exchanges. ISDA CFTC
© Goldilocks
~~~~~~~~~
"Project Agorá (Greek for "marketplace") brings together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York."
Project Agorá is currently working with Central Banks and Banking sectors to test and explore the use of tokenization in cross-border payments. This will be done in partnership with a large group of private investors inside The Institute of International Finance.
The IIF is comprised of commercial and investment Banks, asset managers, insurance companies, professional services firms, EXCHANGES, sovereign wealth funds, hedge funds, Central Banks, and Development Banks.
This pretty much covers most of the international payment sources from around the world. There are three major requirements that will be explored in cross-border payments:
"Project Agorá will explore how tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms can improve the monetary system.
The project will explore how tokenisation and smart contracts could enable functionalities and transactions that are not viable today.
The primary area of exploration will be to increase the speed and integrity of international payments while lowering costs."
As you can see, we have a lot of conversations taking place around cross-border payments which include foreign currency exchanges that are still in development.
As we proceed further into the global regulation of crypto assets and markets, these major Financial Institutions from around the world will be exploring and placing their input into the final regulations taking place at the end of May in Europe.
If this date is not moved back, we will be looking at moving forward on an International level with our new digital economy. BIS 1 BIS 2 IIF
© Goldilocks
~~~~~~~~~
A RESURFACED speech from Chinese President Xi Jinping suggests policymakers may start trading government bonds to regulate liquidity in the market, pushing the nation towards strategies used by the US Federal Reserve and other major central banks around the world.
Xi’s call for the People’s Bank of China (PBOC) to “gradually increase the buying and selling of government bonds” in its open market operations sparked a frenzy of speculation among traders last week. The remarks – made in October but publicised recently in a new book and newspaper article – may hint at a policy pivot for a central bank that has not made a significant bond purchase since 2007.
“Central banks in other countries generally use government bonds, or sovereign credit, as a basis to issue money,” said Liu Lei, a researcher at the National Institution for Finance and Development, a state think tank advising government agencies in China. “This is a necessary path for China’s central bank and monetary system to move into modern times.” Business Times
~~~~~~~~~
China is beginning to signal a policy change in the buying and selling of government bonds. They are beginning to indicate the desire to sell their bonds to prop up their currency which is a tactic the US currently utilizes.
Japan is also considering this tactic, and other countries will witness the benefits of these changes.
One thing is for certain, it will change the dynamics of trade between countries going forward. This move will indicate a global shift in the way many countries will begin utilizing the same measures that the US does in trade and banking within their own countries.
When we see this trend begin to take place, it will begin putting price pressures on exchange rates going forward and many will begin to move into real values. Investopedia Linkedin Business Times
© Goldilocks
~~~~~~~~~
Great expectations: How treasury bonds and interest rate changes impact currencies | OFX (US)
~~~~~~~~~
"This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance."
👆 Do you see what's going on here? Someone is about to sell government bonds to prop up their currency. A pattern is forming among countries. CBI
© Goldilocks
~~~~~~~~~
The East is beginning to move/control the price of gold over the dollar. Is gold about to decouple from the dollar?
And, Ripple is launching their own stablecoin as a bridge asset. Ripple is a liquidity coin that can bridge payments between two countries' currencies.
Ripple is capable of moving the Central Bank Digital Coin/Gold from one country to the next.
Is Ripple the next World Reserve Asset backed by gold? In the new Financial System, "All roads lead to Digital Gold, and Digital Gold will set us free." CNBC
© Goldilocks
~~~~~~~~~
"All roads lead to Digital Gold, and Digital Gold will set us free."
© Goldilocks
~~~~~~~~~
IQD REER/NEER Exchange Rates at $1.00 USD | Youtube
~~~~~~~~~
Where the U.S. Dollar May Be Headed in 2024 | Charles Schwab
~~~~~~~~~
Apple Exploring 'Mobile Robot' That 'Follows Users Around Their Homes' - MacRumors
~~~~~~~~~
Is The Silver Market Breaking Out? - InvestingHaven
~~~~~~~~~
Blockchain firm Ripple said it's launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market. The move will pit Ripple against stablecoin giants Tether, which is behind the largest stablecoin UDST, and Circle, the issuer of USDC. 4 hours ago NBC Connecticut
👆 This is very important, and I am looking into it with some of my developer friends. It is a Historical Moment.
~~~~~~~~~
Shanghai, China 🇨🇳 trading Gold at $2,368 and Silver at $29.29 an ounce | Twitter
~~~~~~~~~
TABLES TURNED: Yellen Is Back To China As the US Feels Threatened by China's Manufacturers | Youtube
~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
Thursday "Iraq News" " Posted by TNT Members 4-4-2024
TNT:
Tishwash: Iraq is no where on this list but in their news they added themselves hahaha are they trying to tell their citizens something? Hahaha
Topped by the Kuwaiti dinar... Iraq is among the strongest currencies in the world
The strength of a currency is determined based on various factors, including interest rate differences and terms of trade. What will be the strongest currencies in the world in 2024?
The Techopedia website published a classification of the world's strongest currencies against the US dollar, and the site stressed the importance of various economic indicators and geopolitical tensions in determining the currency exchange rate.
Currency strength is the relative purchasing power of the currency compared to other currencies, and the US currency was adopted in the classification as a standard. According to the site, 3 Arab currencies topped the rankings.
TNT:
Tishwash: Iraq is no where on this list but in their news they added themselves hahaha are they trying to tell their citizens something? Hahaha
Topped by the Kuwaiti dinar... Iraq is among the strongest currencies in the world
The strength of a currency is determined based on various factors, including interest rate differences and terms of trade. What will be the strongest currencies in the world in 2024?
The Techopedia website published a classification of the world's strongest currencies against the US dollar, and the site stressed the importance of various economic indicators and geopolitical tensions in determining the currency exchange rate.
Currency strength is the relative purchasing power of the currency compared to other currencies, and the US currency was adopted in the classification as a standard. According to the site, 3 Arab currencies topped the rankings.
Below are the 10 strongest currencies in the world (based on data from March 27, 2024): link
CandyKisses: Dollar falls again against the dinar in Baghdad and Erbil
Shafaq News / The exchange rates of the US dollar fell, on Thursday, in the markets of Baghdad, and in Erbil, the capital of the Kurdistan Region.
The correspondent of the Shafaq News Agency said that the dollar prices fell with the opening of the Al-Kifah and Al-Harithia stock exchanges to record 147,100 dinars for every 100 dollars, while it recorded on Wednesday 147,650 dinars for every 100 dollars.
Our correspondent pointed out that the selling prices in exchange shops in local markets in Baghdad fell, as the selling price reached 148,000 dinars, while the purchase amounted to 146,000 dinars per 100 dollars.
In Erbil, the dollar also recorded a decline in exchange shops, with a selling price of 146,900 dinars against the dollar and the purchase price of 146,800 dinars against 100 dollars.
************
Tishwash: Al-Sudani informs the framework of the reasons for his visit to Washington
Iraqi Prime Minister Muhammad Shiaa Al-Sudani informed the Shiite coordination framework of the reasons for his visit to Washington, most notably the arrangement of the bilateral relationship between Iraq and the United States, according to what a leader in the framework said on Thursday.
The leader of the framework, Amer Al-Fayez, told Shafaq News Agency that the coordination framework held a meeting yesterday, Wednesday, in the presence of Prime Minister Muhammad Shiaa Al-Sudani, during which the latter’s visit to the United States of America and the file of electing the Speaker of the House of Representatives were discussed.
He added that the Sudanese presented during the meeting the reasons for his visit to Washington, and that the purpose of the visit was to arrange the bilateral relationship between Iraq and the United States after the departure of the coalition forces, as discussions are now taking place between the joint military committees to arrange and discuss the mechanism for the exit of forces from Iraq.
Al-Fayez explained that Iraq is keen, at the same time, to maintain a friendly relationship with the United States, which is in the interest of both countries in the political, economic and security aspects, as well as in the field of training and military expertise.
He stressed that the visit comes for cooperation between Iraq and the United States, and that Al-Sudani will accompany with him during his visit a number of ministers, members of the House of Representatives, and businessmen for the purpose of making this visit a success, and arranging the bilateral relationship between Iraq and the United States.
He stated that during his visit to Washington, Al-Sudani will focus on developing economic relations between Iraq and the United States.
Iraqi Prime Minister Muhammad Shia al-Sudani is scheduled to visit Washington to meet with US President Joe Biden on April 15, in his first visit since assuming office in October 2022. ink
*************
Tishwash: Adviser to the Prime Minister: Iraq is within the safe range countries in terms of paying foreign debts
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the reasons for reducing annual allocations to pay off foreign debts, while noting that Iraq is among the countries in the safe range in terms of debt repayment.
Saleh said to the Iraqi News Agency (INA): “According to international standards in calculating the ability of the national economy to bear the burden of external debt, Iraq is among the group of countries in the safe range in terms of the global standard for the ratio of the external debt stock,” indicating that “the gross domestic product According to estimates, it does not exceed 20 percent, while the global measure of the debt-to-GDP ratio allows up to 60 percent.
He explained, “Given Iraq’s regularity in repaying its external debts due annually, of which only approximately 20 billion dollars remain, the annual allocations to pay external debts through the federal general budget allocations have begun to show a clear decline and decrease in the amount of external debts due, and this has been reflected.”
This is in the 2024 budget tables regarding allocations for external debt payments, compared to the 2023 budget tables, with a difference of decrease that may exceed a billion dollars.
He added, "This matter is reflected in Iraq's high creditworthiness in repaying its debts to external creditors and its commitment to repayment since the Paris Club Agreement in 2004 until the present. These are annual financial allocation mechanisms whose installments and interest are paid on a regular basis through the annual general budget, and they are decreasing. This means that the external debt gap is heading towards shrinking and then almost disappearing.”
He noted that "the Paris Club Agreement in 2004 dropped more than 100 billion dollars of Iraq's pre-1990 debt after Iraq obtained a discount on its debts at that time, which was 80 percent and more, and only a little of the remnants of those debts remained after it was removed." The remainder of it has been scheduled and is paid annually according to a precise and regular accounting mechanism on the part of Public Finance and the Central Bank of Iraq, and the continuous decrease in its allocations is demonstrated by the amount of the decrease in the annual allocation of external receivables from the debts that must be paid and their waiver annually link
Tishwash: The Sudanese directs to reject any delay or delay in the development road project.. and an Iraqi delegation visits Europe
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani chaired the sixth meeting of the Supreme Committee for the Development Road, during which the latest executive steps were followed up and the procedures related to the project continued to be completed, and ways to resolve controls and instructions related to customs, tax and transit tariffs were discussed, within Project management and operation system.
The meeting also witnessed discussion of the tasks of the diplomatic delegation that will visit the European Union countries, in coordination with the Turkish side, within the route of the stations related to the project. The current position of expropriations related to the route of the road was also reviewed, and ensuring the removal of any technical or legal conflicts from all sections.
During the meeting, the Prime Minister stressed the importance of continuous coordination between the relevant authorities, ministries, relevant formations and governorates, on the path of the road, and that these parties as a whole deal with the development road project as a special priority for the Iraqi economy, and that they work to reduce time, overcome routine obstacles and bypass Obstacles.
Al-Sudani also renewed his previous directives to reject any case of delay or delay, given the exceptional importance posed by the path of development, its pivotal position and its connection to all economic development sectors, and the government’s plans to achieve a comprehensive future economic renaissance.
The meeting also reviewed the progress rates achieved in the Al-Faw Grand Port project, its five berths, and the conformity of the work progress with the implementation schedule. link
More News, Rumors and Opinions Thursday Afternoon 4-4-2024
US States are starting to turn to gold to protect State holdings
Colin Plume: 4-4-2024
Many US States are messing up. They are allowing crime rates to go up, shooing away investors, and spending on things that aren’t helping their residents. Then there are states like Utah that are looking into the future and putting their residents' welfare at the forefront.
Their first move? Buy gold.
On Thursday, Utah Governor Spencer Cox signed a bill into law granting authority to the state Treasurer to safeguard state funds by allocating a significant portion to physical gold and silver.
Championed by Rep. Ken Ivory, House Bill 348 enables the Treasurer to allocate up to 10% of certain state reserve accounts to precious metals. This move aims to mitigate the risks of inflation and financial instability, as well as potentially generate capital gains when measured in Federal Reserve Notes.
US States are starting to turn to gold to protect State holdings
Colin Plume: 4-4-2024
Many US States are messing up. They are allowing crime rates to go up, shooing away investors, and spending on things that aren’t helping their residents. Then there are states like Utah that are looking into the future and putting their residents' welfare at the forefront.
Their first move? Buy gold.
On Thursday, Utah Governor Spencer Cox signed a bill into law granting authority to the state Treasurer to safeguard state funds by allocating a significant portion to physical gold and silver.
Championed by Rep. Ken Ivory, House Bill 348 enables the Treasurer to allocate up to 10% of certain state reserve accounts to precious metals. This move aims to mitigate the risks of inflation and financial instability, as well as potentially generate capital gains when measured in Federal Reserve Notes.
Utah's Treasurer faces limited options for managing state funds, making this legislation essential. Currently, the state's reserves are predominantly invested in various debt instruments, such as treasuries, municipal bonds, corporate bonds, and agency debt. However, these investments carry risks, particularly due to their vulnerability to inflation and negative real interest rates.
The legislation specifically applies to several state accounts, including the State Disaster Recovery Restricted Account, General Fund Budget Reserve Account, Income Tax Fund Budget Reserve Account, and the Medicaid Growth Reduction and Budget Stabilization Account.
Jp Cortez, executive director of the Sound Money Defense League, emphasized that enabling the Treasurer to invest in precious metals strengthens Utah's ability to protect taxpayer funds and residents against inflation and counterparty risks.
Allocating funds to gold and silver aligns with Utah's goal of safeguarding against financial risks. It’s considered a safe and liquid investment option. Historically, precious metals have served as a hedge against inflation, debt defaults, and stock market downturns, while also enhancing overall investment returns and reducing portfolio volatility.
Advocates like the Sound Money Defense League and Money Metals Exchange have been advocating for states to hedge reserve and pension funds with gold and silver, often requiring enabling legislation.
Utah joins states like Texas and Ohio in acquiring gold reserves. Similar legislation, such as HB 348, has recently passed in Tennessee and is being considered in Missouri, Idaho, and West Virginia.
Globally, Central banks have been increasing their gold reserves amid growing concerns about the U.S. dollar's stability.
Moreover, HB 348 mandates the Treasurer propose additional legislative measures by October 2024 after conducting a study on the role of precious metals in enhancing economic security and prosperity for the state, its residents, and businesses.
Utah, ranked seventh on the Sound Money Index, has been at the forefront of promoting sound money policies since passing the Utah Legal Tender Act in 2011, also sponsored by Rep. Ivory.
The enactment of HB 348 follows Wisconsin's recent decision to eliminate sales taxes on gold and silver purchases, making it the 44th state to do so.
This is just the beginning. More states are either increasing their gold holdings are starting to buy. Ask yourself, if even state governments are using gold to protect the state’s wealth, why aren’t you? LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Article: "The Central Bank of Iraq clarifies the mechanism for depositing oil revenues abroad" DFI was part of something called Executive order 13303. President Bush signed executive order 13303...Clinton... Trump...Biden...resigned it. Guess what, executive order 13303...has not been resigned...
Mnt Goat ...we read in the articles today that the post-war DFI fund and its process is also no longer in effect. WOW! This means that oil revenues no longer have to be placed under US Treasury accounts in NYC...These remaining dollars will now be transported from the Federal Reserve Bank in NYC to the Baghdad, Iraq CBI...Yet more signs of full sovereignty not just on paper but tangible evidence we can see by events. The sovereignty of their currency is also coming and on the near horizon... WOW! WOW! WOW! We have waited so long to hear this good news.
IQD REER/NEER Exchange Rates at $1.00 USD
Edu Matrix: 4-4-2024
What are the REER and NEER Exchange Rates and Why Some YouTube Channels are Reporting a Much Higher Exchange Rate for the IQD. These rates are NOT official, and the formulas for them only provide insight into the currency value as it relates to other countries.