More News, Rumors and Opinions Sunday Afternoon 4-7-2024

KTFA:

Clare:  The Council of Ministers holds its regular session today instead of Tuesday due to the Eid al-Fitr holiday

4/7/2024   Baghdad – 

Today, Sunday, the Council of Ministers held its regular session under the chairmanship of Prime Minister Muhammad Shiaa Al-Sudani. The session was postponed from its scheduled date every Tuesday due to the Eid al-Fitr holiday.

A statement from Al-Sudani’s office, a copy of which was received by 964 Network:

The Council of Ministers holds its regular session under the chairmanship of the Prime Minister, Mr. Muhammad Shiaa Al-Sudani, which was postponed to its scheduled date due to the Eid Al-Fitr holiday.   LINK

Clare:  Al-Sudani confirms to Plasschaert that Iraq has completed many of the requirements for transformation and the completion of its constitutional institutions

4/7/2024

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Sunday, to the United Nations representative that Iraq has completed many of the requirements for transformation and the completion of its constitutional institutions, which was documented by recent UN reports.

His media office stated in a statement received by {Al-Furat News}, that "the latter received the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, and during the meeting, the relationship between Iraq and the United Nations was discussed, and the most prominent files and programs in which the United Nations organization is working to support Iraq." And in various fields.” 

The Prime Minister confirmed that Iraq has completed many of the requirements for transformation and the completion of its constitutional institutions, which was documented in recent international reports, pointing to the importance of continuing cooperation between Iraq and the United Nations agencies operating in Iraq, with their various activities.LINK

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Clare:  TAKE NOTE OF THE IRAQI FLAG

THE NEXT ASCENSION DAY ON WTO CALENDAR IS MAY 9TH

https://www.wto.org/english/news_e/events_e/events_calendar_view_e.htm

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Don961:  Al-Rafidain announces the launch of the comprehensive banking system

Economy | 09:07 - 04/06/2024   Mawazine News - Baghdad 

Al-Rafidain Bank announced, on Saturday, the launch of the comprehensive banking system in the branches of Al-Waziriya and Al-Ma’rifa in Baghdad and Al-Shuhada in Holy Karbala.

He stated to the Bank in a statement received by Mawazine News, that “the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank with the application of the system.”

He pointed out that "one of the priorities and objectives of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, and reducing time and effort in completing citizens' transactions."   LINK

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

Samson  Article: ”WTO - ACCESSIONS - MAY 9th, 2024 - Includes Iraq"

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  Have not seen any of it on the news today about the lower notes that are going to be distributed in May...However there are a lot of rumors saying it was something out here today.  We have not seen yet but we are looking... FRANK:  There are many rumors about the monetary reform right now.  Yes there seems to be a rumor about the lower notes...let's see what happens this coming week.  Let's see how things start to unfold. 

CORNERED: Japan Faces Painful Currency Collapse As Cheap China Exports Grabs Market Share

Sean Foo:  4-5-2024

Japan's economic gloom is getting worse. The end of yield curve control or negative interest rates has exposed the reality of the economy.

Because of overwhelming debt, the Bank of Japan is trapped and has to save a collapsing Yen. But dumping tons of dollars won't change Japan's structural problems which include a competitive China and higher US interest rates.

 Here's what you must know!

Timestamps & Chapters

: 0:00 Japan's Economy Is Trapped

 2:47 China Cheap Exports Nightmare

5:53 Japan Consumer Collapse

8:44 A Pointless Dollar Dump

11:55 Investment Leaving Japan

https://www.youtube.com/watch?v=2_Y5HsqcXUw

The Great Fiat Currency Reset: Myth or Inevitable Reality? : Awake-In-3D

The Great Fiat Currency Reset: Myth or Inevitable Reality?

On April 1, 2024  By Awake-In-3D

The prospect of a “Fiat Currency Reset” stirs the pot of financial discourse, promising or threatening to redraw the very lines of our monetary system.

Over the past 15 years, global discussion and expectation of a “Fiat Currency Reset” has emerged as a phoenix rising from the ashes of economic uncertainty.

With central banks and governments worldwide losing control of inflation, currency devaluation, and mounting debts, the question of whether a reset is a mere myth or an inevitable future becomes increasingly pertinent.

The Genesis of the Debate

The idea of a fiat currency reset revolves around the comprehensive overhaul of the global monetary system, specifically the revaluation or devaluation of national currencies not backed by physical commodities.

Unlike the gold-standard era, today’s fiat currencies derive their value from government decree and public trust. However, this trust is under scrutiny as inflation rates soar and debts balloon to unsustainable levels.

Economic Indicators and Potential Triggers

A closer examination of economic indicators reveals troubling signs. Inflation rates in several major economies have reached heights unseen in decades, eroding purchasing power and igniting fears of stagflation. Concurrently, global debt, swelled by plandemic-related spending and expansive monetary policies, has reached a staggering $313 trillion, according to the Institute of International Finance.

Such conditions are ripe for speculation on a fiat currency reset. Historically, economic crises have prompted drastic monetary reforms, from the Bretton Woods Agreement to the Plaza Accord. Today’s triggers could range from a catastrophic debt default by a major economy to a sudden loss of confidence in a leading fiat currency.

Central Bank Policies: Fuel to the Fire?

Central banks find themselves at the epicenter of this debate. Their policies, particularly quantitative easing and low interest rates, have been double-edged swords. While stabilizing economies during downturns, these policies have also inflated asset bubbles and debt levels, raising questions about their long-term sustainability.

The advent of Central Bank Digital Currencies (CBDCs) adds another layer to the discussion. Proponents argue that CBDCs could offer more efficient payment systems and greater financial inclusion. However, critics fear they may grant governments unprecedented control over financial transactions, potentially paving the way for a fiat reset through digital means.

The Role of Gold and Devaluation Trends
Gold has traditionally been a barometer of financial health and a hedge against fiat currency devaluation. In times of economic turmoil, investors flock to gold, driving up its value as confidence in fiat currencies wanes. This dynamic underscores gold’s significant relevance in discussions about a fiat currency reset.

Moreover, currency devaluation trends highlight the vulnerability of fiat money. Countries engaging in competitive devaluation to boost export competitiveness inadvertently fuel a race to the bottom, undermining global financial stability and reinforcing the case for a reset.

Implications for Savings and Investments

For the average person, the prospect of a fiat currency reset holds great uncertainty. Savings and investments denominated in fiat currencies could face significant risks in the event of a reset, from devaluation to conversion into new monetary units. Financial experts advocate for diversified portfolios, including assets less susceptible to inflationary pressures and currency risks, such as precious metals, real estate, and cryptocurrencies.

Surviving a Fiat Currency Reset

Survival strategies in a fiat currency reset scenario emphasize financial prudence and diversification. A growing list of financial planners recommend building a reserve of physical assets, such as gold and silver, and exploring digital currencies as alternative stores of value. Additionally, staying informed about central bank policies and global economic trends is crucial for timely adjustments to financial strategies.

Conclusion: Navigating Uncharted Waters

The debate over a fiat currency reset encapsulates the broader challenges facing the global financial system. While a comprehensive reset remains unpredictable, the underlying economic pressures are undeniable.

In this era of government and central planner fiscal insanity, the prospect of a global fiat currency reset challenges us to rethink our assumptions about money, purchasing power value, and stability.

Whether or not a reset materializes the way we expect, the discussion it sparks is invaluable, pushing all of us to confront the realities of our fiat currency financial system experiment and consider the path forward with positivity, engagement, and courage.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-great-fiat-currency-reset-myth-or-inevitable-reality/

"Tidbits From TNT" Sunday 4-7-2024

TNT:

Tishwash:  Signing a strategic partnership contract with Kuwait to pass international communications traffic to Europe via Iraq

 The General Company for Communications and Informatics, one of the formations of the Ministry of Communications, signed a strategic contract, today, Sunday, to pass international communications traffic to Europe via Iraq via Turkey through temporary transit (transit) with the Kuwaiti “Zajel” company.

Minister of Communications, Hiam Al-Yasiri, said in a statement today that the signing of the contract comes to strengthen Iraq’s strategic position in the region and maximize financial revenues in implementation of the government program and the general federal budget law.

She indicated that this contract is the first of a number of contracts and projects for submarine and transit cables to pass communications traffic from the Gulf countries and the countries of South and West Asia to the continent of Europe through Iraqi sea and land ports, passing through Turkey.

Al-Yasiri added that this project and other similar projects that are currently under procedures will make Iraq a safe land corridor that competes with the only international sea corridor in the region that passes through the Suez Canal, and these projects will contribute to enhancing the security stability of the country due to the presence of commercial interests and joint work with the rest of the countries of the region and the world. In addition, it will fill an important part of the countries' growing need for large and large Internet capacities.

The minister indicated that the ministry will sign other similar contracts soon, including with Saudi Arabia to land a third submarine cable for Iraq in Al-Faw, in addition to the existence of initial approvals to connect the UAE to Al-Faw and to pass its capacity through Iraqi territory, and there are other measures with Oman and the Kingdom of Bahrain, as all the Arab Gulf states want By passing its missions through Iraq to Europe. link

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The Prime Minister's visit to Washington... developments and expectations

 Political circles in Baghdad are awaiting the visit of Prime Minister Muhammad Shia al-Sudani to Washington, scheduled for mid-April, which is considered the first of its kind for al-Sudani after he assumed the presidency of the government a year and a half ago.

The two sides expect that the visit will address important issues, including scheduling the foreign military presence in Iraq, supporting the government’s economic reforms, in addition to the relationship between Baghdad and Erbil, which is suffering from an ongoing crisis.

The political researcher, Mujasha Al-Tamimi, explained that the Sudanese visit will focus on “only two issues,” noting that the visit will focus on activating the strategic framework agreement signed with the United States in 2008, and requesting economic support for Iraq while providing guarantees to combat corruption and money laundering.

Al-Tamimi added that the visit will witness broad participation from businessmen and experts in the fields of economics and finance, with the aim of attracting more American companies to invest in the Iraqi market.

For his part, the academic and political researcher, Abdul Aziz Al-Issawi, confirmed that the visit will focus on scheduling the foreign presence in Iraq, and said that it comes at a very important time with the escalation of demands in this regard.

Al-Issawi added that the primary goal of the visit is to initiate actual steps for dialogue with the United States and the international coalition to schedule the foreign presence in Iraq, in addition to strengthening bilateral relations in the fields of economy, investment, education, culture, and energy.

The Iraqi Prime Minister's visit to Washington comes in light of increased political sensitivity, especially with the approaching US presidential elections, which may affect bilateral relations between the two countries

The visit is expected to witness further developments and fruitful talks, and may pave the way for strengthening relations between Baghdad and Washington in the near future. link

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Tishwash:  Iraqi Fintechs Shine in Forbes' Top 50 Middle East Ranking

Iraqi fintech companies, Iraq Wallet (ZainCash Iraq) and NEO Pay Iraq, have clinched spots in Forbes' prestigious Top 50 Fintech Companies in the Middle East, underscoring the burgeoning creativity within Iraq's financial technology sector.

The Iraq Wallet, powered by ZainCash Iraq, secured the 6th spot regionally, while NEO Pay Iraq landed at 35th in the Middle East. Iraq Wallet has emerged as a go-to platform for financial solutions, offering a comprehensive range of financial services including local and international money transfers, bill payments, cash-in/out services, mobile recharge, and QR payments. It boasts 1.2 million app downloads and a network of 10,000 agents strategically positioned across Iraq.

Under the leadership of Yazen Altimimi, ZainCash's broad acceptance underscores its relevance to various stakeholders, from individuals and SMEs to major corporations, government entities, and humanitarian organizations.

Similarly, NEO Pay Iraq has garnered acclaim for its innovative digital payment processing. Led by Zaid Fawzi Ibrahim, the platform facilitated $400 million in transactions in 2023 alone, with 100,000 active users and 300,000 app downloads by December 2023, indicative of its rapid growth.

NEO Pay introduced a Visa platinum business card tailored to Iraqi merchants and professionals, a move that gained significant traction. Forbes reports an anticipated issuance of 208,000 cards by March 2024.

The inclusion of Iraq Wallet (ZainCash Iraq) and NEO Pay Iraq in Forbes' esteemed list highlights the transformative impact of fintech on Iraq's financial landscape.   link

Mot:  ....... using chopsticks

Mot: . and Yet More Cost Saving insight into Raising the ""Wee Folks"" LOL

News, Rumors and Opinions Sunday AM 4-7-2024

KTFA:

Clare:  Install 1,000 ATMs in cities in the Kurdistan Region by the end of 2024

4/5/2024

The process of registering employees in the Kurdistan Region continues with the “Hasbi” project, which is a digital financial payment system. Employee registration has reached 260,000 people, and 153,000 cards have been issued to those registered.

The regional government said in a statement today, Friday, that by the end of 2024, about 1,000 ATMs will be installed in all governorates, districts and regions of Kurdistan, so that employees can easily receive their salaries.

According to the statement, the number of banks participating in the project is constantly increasing, and so far they are (BBAC - NBI - RT - Cihan - IIB), all of which have been recognized and accredited by the Central Bank of Iraq.

Since last year, as a pilot, Erbil Maternity Hospital employees have received their salaries through the “My Account” banking system.

At the end of last year, the faculties of arts, agriculture, and science at Saladin University received their salaries through the same system.  LINK

Clare:  A new position from the World Bank regarding the Grand Port of Al-Faw

4/6/2024

 Baghdad

The World Bank expected, today, Saturday, that Iraq will enter the global trade route once the large Al-Faw port is operational.

Ibrahim Dajani, Director of the World Bank’s Transport Sector in the Middle East and North Africa region, wrote during his visit to Al-Faw Port, “Once Al-Faw Port is occupied, Iraq will be placed on the path of global trade between the East and Europe, which will provide opportunities for investment in logistical centers and industrial and commercial activities, as it will provide job opportunities.” For young women and men.”

He added, "I am happy with the Iraqi government's decision to enter into a partnership with the World Bank to achieve this important endeavor."

The large port of Al-Faw is located on the Al-Faw Peninsula, south of Basra Governorate. The cost of the project is about 5 billion dollars, with a total area of ​​54 square kilometers. The capacity of the planned port is estimated at 99 million tons annually, to be one of the largest ports overlooking the Gulf and the tenth largest in the world.

Iraq has completed the construction of more than 60% of an undersea tunnel linking the coastal region to international trade links through what is known as the development road with Turkey.

By the year 2038, Iraq is expected to earn $4 billion from the new port activity, to which indirect revenues will be added, such as transit services through the development road extending to Turkey and Europe, which competes with several global trade lines, thanks to the reduction in time.   LINK

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

Mnt Goat   What are the next steps?  We know it is the in-country rate needed to support the Project to Delete the Zeros as the next steps and, by design, it is to retrieve all this stashed currency and get it into the banks from the hordes in the Iraqi homes. Common sense then dictates to us that the only way they will be successful in these next steps is to raise the program rate higher over the dollar to create an incentive for this purpose. This will be the second rate change we have been told would occur and have been waiting for.  [Post 1 of 2....stay tuned]

Mnt Goat  But remember that with these next steps, this is still in the “program” rate and for in-country only. We will still NOT be able to exchange our dinars outside Iraq until the reinstatement which follows the Project to Delete the Zeros... there is much work to be done yet before we go off to the bank to exchange...So now, we are just waiting for the “giant” leap when the CBI gives them the second rate change. This should bring in much if not all the remaining currency back to the banks that they need desperately for the economy. This second rate change should coincide with the project to delete the zeros... [post 2 of 2]

SHOCKING: Yellen THREATENS CHINA Over Trade with RUSSIA

Lena Petrova:  4-7-2024

https://www.youtube.com/watch?v=dhV67wbyWok

ALERT! Buckle Up for the Silver Rigging END GAME! $50/oz, $500/oz, $5,000/oz or HIGHER?!

(Bix Weir)  4-7-2024

We don't know how high the price of Silver will rise WHEN the manipulation ends BUT we do know that the price of Silver has been suppressed for over 170 YEARS!

That's a lot of ground to make up and I for one will be HODLing right through the rise!!

https://www.youtube.com/watch?v=vAG0b9AeCAQ

The New Gold Standard? Zimbabwe’s ZiG Currency and Its Quest for Economic Stability

The New Gold Standard? Zimbabwe’s ZiG Currency and Its Quest for Economic Stability

On April 5, 2024
By Awake-In-3D

Gold-Backed and Geared Up: Is ZiG the Solution to Zimbabwe’s Monetary Meltdown? Here’s a factual deep-dive into this revolutionary currency launch.

Zimbabwe’s latest maneuver in its long-standing battle against economic instability is nothing short of revolutionary.

The introduction of the Zimbabwe Gold (ZiG), a new gold-backed currency, marks a bold stride toward economic stabilization and away from decades of monetary turmoil.

As someone deeply entrenched in the analysis of currency and economic trends, I can’t help but view this development through a lens of cautious optimism and perhaps a dash of skepticism.

Here’s my deep-dive into the what, why, and how of new ZiG.

The Reserve Bank of Zimbabwe (RBZ), under the guidance of incoming governor John Mushayavanhu, has rolled out ZiG in various denominations, from the 1 ZiG note to the lofty 200 ZiG note, even including fractional values like a half and a quarter ZiG.

This initiative isn’t just a change of currency; it’s a strategic overhaul aiming to peg the nation’s monetary value (purchasing power) to something as universally valued as gold, alongside foreign currencies and precious minerals.

The Zimbabwean economy has been on a roller coaster of crises for the last 25 years, with the RTGS (Real Time Gross Settlement) currency plummeting in value and inflation rates reaching alarming highs.

The introduction of ZiG is a bid to anchor the economy on the stable and universally recognized value of gold, ensuring that the currency has tangible backing beyond mere government promises.

But how does the RBZ plan to implement this ambitious project?

Zimbabweans are given a mere 21-day window to exchange their old, inflation-ravaged notes for new ZiG currency, a tight time frame that underscores the urgency of the transition.

Moreover, the multi-currency system remains, allowing the ZiG to coexist with the US dollar, which notably accounts for 85% of transactions in Zimbabwe. This inclusivity of foreign currencies alongside the ZiG suggests a much more pragmatic approach to stabilizing the economy while retaining flexibility in transactions.

The crux of the matter, however, lies in whether the ZiG can truly lift Zimbabwe from its monetary and economic abyss.

The promise is there: a currency backed by gold and precious minerals offers a buffer against the hyperinflation that has historically plagued Zimbabwean currency.

Yet, history whispers warnings of past attempts that faltered despite initial optimism. The bond note, introduced with similar hopes, crashed as the government resorted to printing money recklessly.

Despite these cautionary tales, the strategic underpinnings of the ZiG – particularly its backing by a “composite basket of reserves” and its structured implementation through banking systems – present a glimmer of hope.

The insistence on a gold-backed currency, governed by tangible assets rather than the whims of printing presses, suggests a commitment to stability and value preservation.

The setting of the exchange rate for the Zimbabwe Gold (ZiG) currency at US$1 to 13.56 ZiG is a pivotal element in Zimbabwe’s latest attempt at economic reform.

It represents a calculated attempt to bridge the vast purchasing power differential between the beleaguered Zimbabwean dollar and the global benchmark of the US dollar, seeking to offer a semblance of stability and confidence in the new currency.

This strategic peg against the US dollar is intended to ground the ZiG’s value in the international currency market, providing a clear benchmark for both domestic and international stakeholders.

Moreover, by anchoring the ZiG to a defined US dollar rate, the Reserve Bank of Zimbabwe aims to mitigate the rampant inflation and value erosion that has plagued previous currencies, positioning the ZiG as a viable and stable monetary unit in the eyes of the world.

This exchange rate is not merely a financial metric; it’s a worldwide broadcast of Zimbabwe’s commitment to economic stability and a testament to the central bank’s strategic foresight in leveraging the intrinsic value of gold to back its currency.

However, skepticism remains warranted.

Zimbabweans’ trust in their central bank is tenuous, at best, following years of economic mismanagement. Moreover, the external challenges, such as the severe drought affecting the country’s maize production, complicate the ZiG’s potential success.

These factors, combined with the public’s subdued reaction to the ZiG’s launch, highlight the uphill battle facing Zimbabwe’s latest economic strategy.

While the ZiG represents a daring and potentially transformative step towards finally achieving economic stability, its success hinges on the government’s discipline, the central bank’s transparency, and the international community’s reception.

Will the ZiG finally lift Zimbabwe out of its economic quagmire?

Only time will tell.

Supporting articles:

• https://www.bbc.co.uk/news/world-africa-68736155.amp

• https://www.aljazeera.com/news/2024/4/5/zimbabwe-introduces-new-gold-backed-currency-to-tackle-inflation

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-new-gold-standard-zimbabwes-zig-currency-and-its-quest-for-economic-stability/

More News, Rumors and Opinions Saturdday PM 4-6-2024

Russia Announces to Double Gold and Foreign Currency Acquisition

Friday, 5 April 2024, 23:47 PM

BRICS: Russia Makes Major Financial Announcement

Joshua Ramos  April 4, 2024

The global economic landscape has undergone a massive shift over the last several years. One of the most important catalysts of that change has been BRICS, whose 2024 Chairmanship holder, Russia, has made a major financial announcement regarding its financial plans for the coming year.

The country’s Finance Minister said that it will more than double its acquisition of both gold and foreign currency throughout April. According to a Reuters report, the ministry said it would “buy the equivalent of 235.3 billion roubles ($2.6 billion), or 11.2 billion roubles per day” of foreign currency and gold.”

Russia to Double Gold and Foreign Currency Acquisition in Coming Month

Throughout the last year, the global economic sector has embraced a shift in perspective. Amid concerns regarding the US dollar, Central Banks across the globe have further embraced alternative currencies, and gold acquisition as a haven asset. Specifically, this diversification has worked as a protection against the greenback’s fragile position.

That shift was first enacted and brought to the forefront by China and Russian action. Now, amid BRICS de-dollarization plans, Russia has made a major financial announcement regarding its finance strategy. The country states that it intends to double its gold and foreign currency acquisition in the month ahead.

The report notes that the Central Bank is conducting “forex interventions” on behalf of the Finance Ministry. Moreover, they note that they have begun selling forex- or foreign currencies- to make up for funds that were spent “from Russia’s rainy-day wealth fund in 2023.”

Therefore, Russia is set to be a net foreign currency seller throughout the coming month. However, that will be at a far lower volume than took place in March. Overall, the decision to double gold and foreign currency purchases will bring the overall net foreign currency interventions closer to zero.

Conversely, the move still is important to the overall global dynamics of foreign exchange currency. As previously stated, Russia and China were the drivers of gold acquisition that pushed the asset to landmark prices in 2024. Moreover, they have driven local currency promotion through the BRICS bloc as a pinnacle model of economic infrastructure.

All of these realities will continue to challenge the global reserve status of the US dollar in the long term. Moreover, the United States debt increase is a cause for concern. Additionally, the greenback should continue to see decreases in overall acquisition globally in its current state.

Source: Watcher Guru

 https://dinarchronicles.com/2024/04/05/russia-announces-to-double-gold-and-foreign-currency-acquisition/

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

Mnt Goat   Like the unfolding of the season of Spring we are slowly seeing the sovereignty of Iraq coming to a reality and not just on paper but in tangible evidence.

Pimpy  Article: "Iraqi economy faces threat as US closes oil revenue account"  This latest move by the United States is something I'd be a little concerned about...Why the hell would you do that...?  Maybe Biden is going to tell Iraq, 'You don't need these accounts no more.  We're going to go ahead and turn everything over to you.  All this is now in your control.'  Which would be good for Iraq...It would be a big move on the United States part to go ahead and turn over all of that money to Iraq...

BREAKING NEWS ZIM Global Currency Shift

Edu Matrix:  4-5-2024

https://www.youtube.com/watch?v=Ge9Y0-gC-Hg

Banking Crisis Begins As MAJOR Warning On 5 Banks Signaled By S&P 500

Atlantis Report:  4-5-2024

The US banking system's fragility has been brought to attention once again. The S&P 500 has issued a chilling warning that has sent shockwaves through the banking industry.

 The renowned index tracking agency has downgraded five major regional banks. This move has raised alarm bells across the sector, with many citing mounting concerns over their exposure to the commercial real estate market and looming loan maturities.

The recent development has raised concern about the possibility of another banking crisis similar to the one that occurred during the Great Recession.

Today, we will examine the imminent banking crisis and the fate of these five regional banks.

https://www.youtube.com/watch?v=PduiOxSOM6A

Monumental” Reset Looms: Warns Swiss Banker

Monumental” Reset Looms, Think Twice Before Keeping Cash in the Banks Warns Swiss Banker

Daniela Cambone:  4-5-2024

"Your purchasing power is being eroded literally by the day because the quantity of fiat wealth on the planet is going up every day," warns Clive Thompson, retired managing director for Union Banquette Privée in Switzerland.

 In an exclusive interview with Daniela Cambone, Thompson paints a stark picture of our financial future. As national debts soar in the Western world, the cost of goods and services, even human labor, is destined to skyrocket.

He also points out that within a century, the vast majority of currencies have crumbled into worthlessness, leaving a few survivors merely worth a fraction of their previous value.

Thompson asserts that the bleak future of fiat currencies explains why central banks are amassing unprecedented quantities of gold, far beyond any previous decade.

This accumulation points towards an ominous conclusion—a monumental monetary reset looms on the horizon.

CHAPTERS:

 00:00 Risks associated with cash in banks

10:11 Financial reset

 12:32 Risks with the banks

13:50 Fed rate cuts

15:34 Commercial real estate

16:46 Gold

 26:39 Bitcoin ETFs

27:41 Trajectory of gold price

29:43 Gold confiscation

32:00 Why gold?

33:39 Bitcoin

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

Goldilocks' Comments and Global Economic News Saturday Evening 4-6-24

Goldilocks' Comments and Global Economic News Saturday Evening 4-6-24

Good Evening Dinar Recaps,

One thing the Red Sea conflict has taught us is that a change is needed in the way we trade across the world.

Some countries have utilized 3D printing to minimize the need for some shipping abroad. Others are rerouting their shipping vessels to avoid conflicts of interest. And, the digitization of these shipping ports will make Management in the flow of money between countries and merchants on the other side of the world faster and more efficient.

This data has been calculated and still in process of calculation with the World Trade Organization. These calculations are run through artificial intelligence scenarios to determine a repricing event between countries that will change our exchange rates.  Servier  Tech Briefs   BFT Online

Watch the water.

© Goldilocks

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"JAPANESE Prime Minister Fumio Kishida said on Friday (Apr 5) authorities will use “all available means” to deal with excessive Yen falls, stressing Tokyo’s readiness to intervene in the market to prop up the currency."

In other words, Japan has to do what is best for their own country at this point. If it means to change monetary policies for their currency, it is going to happen.

These changes will begin to affect shipping prices around the world as Japan formulates new price pressures that will formulate new correlations between other countries' currencies going forward.

This is why it is so important to watch the water because most of our trade actually takes place because of it. New demands such as these have a way of creating a ripple effect across the waters.

This move has the potential to decouple from the dollar as the World Reserve Asset currently dominating trade relations.   Business Times

Watch the water.

© Goldilocks

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This article reflects more about Zimbabwe currency than the Zim Bonds my friends.

It is good that they have changed their monetary policy to a backing in gold.

This will stabilize their currency and create new monetary policies for those who exchange with them over time.   BBC

© Goldilocks

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XRP Unleashed - New Docuseries Coming Soon | Twitter

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The Struggle for Currency Supremacy - Project Syndicate - Commentaries - Advisor Perspectives |  Project Syndicate  

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This article reflects more about Zimbabwe currency than the Zim Bonds my friends.

It is good that they have changed their monetary policy to a backing in gold.

This will stabilize their currency and create new monetary policies for those who exchange with them over time.   BBC

© Goldilocks

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Copper Bulls Can See A Record Price Of $12,000/t | Forbes

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4/6/2024  Saturday Night Live Call

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.

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.

© Goldilocks

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"Tidbits From TNT" Saturday 4-6-2024

TNT:

Tishwash:  Iraq and Saudi Arabia sign 12 memorandums of understanding for specific investment projects

Iraq and the Kingdom of Saudi Arabia signed memorandums of understanding with 12 Saudi companies with the aim of enhancing cooperation in a number of specific investment projects.

A statement from the ministry, a copy of which {Al-Furat News} received, said, "The memorandums of understanding signed with 12 Saudi companies came with the Iraq Fund for Development, with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq."

Last December, Saudi Arabia signed a partnership agreement with Iraq in the field of industrial investments for the private sector, as part of the two countries’ efforts to strengthen their bilateral relations and attract foreign investments.  link

Tishwash:  Do not burden Sudanese’s visit to Washington with more than its “true meaning.” What exactly is its purpose?

 The political and academic researcher, Hani Ashour, stressed today, Friday, the importance of not burdening the upcoming visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America more than its true meaning.

Ashour told “Jarida”, “The visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America is a protocol visit within the framework of joint relations between the two countries in the security, economic, political and other areas that were previously agreed upon, in addition to what is included in the strategic framework agreement.” “.

He added, “All prime ministers since 2003 have made visits to the United States of America and met with the American President, except for Adil Abdul Mahdi, due to the incident of the assassination of Al-Muhandis and Soleimani. Therefore, this visit should not be burdened with more than its true meaning. Rather, it comes within the framework of the existence of agreements with the International Monetary Fund.” The US Treasury is concerned with the Iraqi financial and economic situation, and there are agreements that must be activated in this regard.”

He pointed out that “linking the visit to a future political project for the Sudanese is unlikely, as evidenced by the fact that Al-Kadhimi had visited Presidents Trump and Biden, but that did not help him assume the second term. Therefore, the Sudanese visit does not go beyond activating previous agreements and signing new agreements in the fields of security, armament, and the exit of American forces from Iraq and drawing A scenario for this exit, in addition to joint cooperation on economic and investment issues.  link

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CandyKisses:  MP calls for the return of $215 million belonging to the Iraqi bank

Baghdad

First Deputy Chairman of the Parliamentary Integrity Committee Alia Nassif on Saturday called on the Prime Minister, the Public Prosecution and the Director of the Iraqi Trade Bank to put an end to the people who drain the money of the Iraqi people by looting the bank's funds.

She said in a statement received by the information that "the Iraqi Trade Bank lost $ 215 million as a result of issuing judicial rulings in favor of the so-called (AA) and the so-called (SNA), which raises suspicion of the existence of cooperation between them and some influential within the bank.

"Nassif stressed the need for "concerted efforts between the government, the judiciary and the director of the bank to recover the money from these two individuals and cooperate with the bank's management in the campaign to recover all the funds that leaked during the previous years25."

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CandyKisses:  Iraq announces that it is close to producing 5 million barrels per day

Baghdad - Iraq Today:

Oil Minister Hayyan Abdul Ghani confirmed that Iraq is close to reaching an extraction capacity of up to 5 million barrels of oil per day, while revealing the current volume of gas production, indicating that Iraq is ranked 12th globally in the volume of storage.

Abdul Ghani said in a press interview that "the Iraqi oil industry plays an important role in shaping the future of the national economy, and plays a great responsibility in supplementing the economy and advancing its burdens, especially with its reliance mainly on oil amid serious and real attempts to diversify the national economy and its sources of income."

He added that "the Ministry of Oil is approaching coherent steps to reach in the extraction sector an extraction capacity estimated at 5 million barrels per day despite serious restrictions on oil markets and restricting the quotas of OPEC countries in order to support the stability and balance of prices."

"This comes amid real fears of upcoming climate restrictions on the oil sector, the latest of which was the texts of the COP 28 climate conference and its recommendations for a gradual shift away from fossil fuels," he said.

He stressed that "the ministry's efforts are concerted in the gas industry on the axis of new rounds of exploration, production rounds, associated and burned gas investment rounds, and work is continuing on the fifth and sixth rounds of border patches and patches of the promising western regions with gas reserves because of Iraq's position in the global treasury that makes it ranked 12th in the world, and because of the importance of gas in meeting our national need and in the energy transition file as it is the cleanest fuel compared to heavy fuel, and this is in line with the recommendations of recent climate conferences."

He pointed out that "the Ministry of Oil has paid great attention to investing gas in the western regions, which have a very large gas reserve, and therefore the ministry launched the fifth and sixth licensing rounds to invest it with the border areas, and the two rounds included more than 30 fields and oil and gas exploration patches, including 15 gas patches in the western regions, starting from the border with Syria and then Jordan down to the border with Saudi Arabia, where the provinces of Diwaniyah and Muthanna."

Abdul Ghani pointed out that "there are 20 international companies that will contribute and we hope that Iraqi businessmen will also have a contribution to these licensing rounds, and we are fully prepared to qualify these companies in order to expand participation in the rounds, which will ensure Iraq's self-sufficiency in gas and stop importing it, and Iraq may turn into a gas exporting country."

The Minister of Oil pointed out that "Iraq's current production of gas reaches 3200 million standard cubic feet (mqmq) per day, and the estimated investor of it up to 62% and the rest of the percentage of 38% is currently burned, and the current government since the beginning of its formation has set the goal of stopping gas burning at the top of its priorities."

He explained, "It has been contracted to stop burning gas and its investment, and within a few years the entire quantity will be completed and stop burning and we have developed a road map to invest its large quantities, and perhaps the last project completed last year is the project (Basra Angie Al) with a capacity of 200 million standard cubic feet of gas and was opened with the beginning of the formation of the government, and there is another unit in the Basra Gas Company with the same volume of energy with 200 million standard cubic feet and will start its trial operation in the second half of This year 2024".

He continued, "We also have a gas investment project in the Halfaya field in Maysan with a capacity of 300 million standard cubic feet, which has reached advanced stages, and within one to two months, the trial operation of the project will be completed and this quantity will be invested and directed to the national grid and power stations, especially the Amara gas station, as well as we have a project in Dhi Qar Governorate with a capacity of 200 million standard cubic feet implemented by Baker Hughes International for gas investment in the Nasiriyah and Al-Gharraf fields, which has also reached advanced stages. The first phase will be operational during the second half of this year, while the second phase will be operational next year."

Abdul Ghani pointed out that "the ministry's contracts and efforts are continuing in the project of the French company Total, which includes 3 main events in addition to oil production, and the most important of its activities is the investment of 600 million standard cubic feet of gas that is currently burned in 5 oil fields: Majnoon, Al-Lahis, West Qurna 2, Artawi and Al-Tuba, and it will be implemented in two phases by 300 million standard cubic feet for each stage, and they will end over 5 years, the first 3 and the second two years."

Mot:  Yeppers.. I Was Always in Trouble – LOL 

Mot:  .. camping in Florida - Sounds Fun!!!

News, Rumors and Opinions Saturday 4-6-2024

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 Sat. 6 April 2024

Compiled Sat. 6 April 2024 12:01 am EST by Judy Byington

Thurs. 4 April 2024 Wolverine: We are still proceeding with the RV.

The redemption exchange at the banks already has the Forex rates, and that will be offered on the Tier4A and Tier4B bailout.

On Wed. 3 April Morning the redemption center leaders and bank managers in at least one area and throughout the United States, entered the access codes and sent them to the treasury at about 11:30 p.m. And so, the bank leaders and managers all put in their codes, and now they just need to be given the Green Light to proceed and to send the emails to us to go out for Tier4B and Tier4A to arrange for our appointments, and to be able to exchange.

It is up to the Treasury to give the Green Light.

Some Bond Holders have received emails and some are still waiting for emails. I think most should have them tonight to access to their accounts and access the remaining 10% and 90 % in 90 days.

The last document processes are still being finalized in Reno nothing will be available until late tonight.

The payments process will begin Fri. 5 April with the invitation and contracts.

Payments will begin on Wed. 10 April effectively.

In Columbia people are receiving notifications already from the Pentecostal group, they are in Bogota right now and are expecting their blessing in Bogota Fri. 5 April.

There is to be a big event, not sure of the date, but the owner of that platform, which is one of the biggest platforms in the RV, besides Mauricio will be having a huge event and all global leaders are heading to Bogota and they are actually already probably there already.

I received good news from a very high source saying they are expecting a huge whale to be paid today or tomorrow Fri. 5 April.

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Fri. 5 April TNT: THEY ARE STILL LOOKING FOR IT ANY MINUTE, DAY, TIME – LOOKING FOR IT THIS WEEKEND

SOME BANKS IN NEW YORK WERE ALREADY TOLD IT WAS GOING TO HAPPEN ON THE 15TH –

3 LETTER AGENCIES INFORMED US THEY DON’T KNOW WHERE THEY GOT THAT BECAUSE THEY ARE TRYING TO GET THIS DONE WAAAY BEFORE THE 15TH

THE FEDS SAID THEY DIDN’T SEND THAT OUT

SUPPOSEDLY THE 15TH IS THE HARD BACK WALL BUT THEY ARE TRYING TO GET IT DONE THIS WEEKEND –

BANKS ARE READY – ONE MAJOR BANK SAID THEY WERE TOLD 15TH – THE REST ARE ON ALERT MODE AND LOOKING FOR IT AT ANY TIME –

HAVE RATES BUT NO AUTHORIZATION NUMBERS – SO WE WAIT

SO WE WAIT – WE HAVE 10 DAYS OR LESS AND THIS THING SHOULD BE ALL OVER –

Read full post here:  https://dinarchronicles.com/2024/04/06/restored-republic-via-a-gcr-update-as-of-april-6-2024/

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Ariel: -Vietnam –Zimbabwe –Iraq -Iran

Countries are removing old currency notes from off the street prior to an exchange rate change that is expected to be initiated by Iraq with other countries following suit.

Please stop with all of this panicking just because Zimbabwe gave their citizens 21 days to do it. 

One source mentioned that the Reserve Bank of Zimbabwe (RBZ), injected the gold-backed digital tokens (GBDT) known as Zimbabwe Gold (ZiG). This GBDT is prepared and will eventually be used via the new quantum banking system to pay you for your Zim Bonds that you hold. 

You should be preparing. Not worrying. This is a part of the monetary reform that most countries are undergoing. Especially those apart of the BRICS Nations. All of those nations are waiting for Iraq to get the ball rolling. Please standby.

Ariel

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

Walkingstick  Sudani is not going to go see Biden with a resigned executive order 13303 because it means the monetary reforms new exchange rate is free as bird to come out.  It means Iraq is a sovereign nation now with a sovereign currency...Sudani goes to Washington on the 15th...to announce a new sovereign and confident Iraq under new the new leadership of Sudani and his staff...

Militia Man   They are ready to resume exports at any time.  Why?  Because they have the systems in place.  Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.

CBDC LIES? | U.S. Congressman EXPOSES Fed's Real Plans On CBDC Launch

Lena Petrova:  4-5-2024

https://www.youtube.com/watch?v=U6ToMDa8eXY

LIVE! This Will Be BIGGER Than You Can POSSIBLY Imagine. A Commodities BOOM/SUPER-CYCLE!

Greg Mannarino:  4-5-2024

https://www.youtube.com/watch?v=u57imIcxAKg

Goldilocks' Comments and Global Economic News Saturday AM 4-6-24

Goldilocks' Comments and Global Economic News Saturday AM 4-6-24

Good Morning Dinar Recaps,

What Is QFS? How Will It Replace Traditional Banking Systems? |  The Market Periodical 

Pamela shares Goldilock's above article on 'What Is QFS? How Will It Replace Traditional Banking Systems?'.  Pamela goes over the article in this recording.  You can find the article in the Start Here group under the Learning topic as well as Goldilocks' room.  The links are shared below.  

Recording Below

Disclaimer:
This is not professional advice, nor is it implying financial advice, nor is it legal advice.  Please do your own research.   

Start Here and Currency Info

Goldilocks' Telegram Room

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Analyst Says XRP and XLM Will Melt Faces Soon, Projecting 20X Rally to $13 | The Crypto Basics

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BREAKING NEWS ZIM Global Currency Shift | Youtube

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Uphold confirms XRP withdrawals to USD via FedNow for US users with participating banks.

While not entirely new, this development highlights the growing connection between cryptocurrencies and traditional finance.

Unclear details remain regarding the specifics of the partnership and XRP's role within the FedNow network.

Cryptocurrency enthusiasts are buzzing with excitement as Uphold (https://coinpedia.org/news/ripple-payment-is-now-available-on-uphold-platform-for-institutional-investors/), a major U.S. crypto exchange, confirms a groundbreaking development: FedNow, the payment system of the U.S. Federal Reserve, now facilitates instant XRP withdrawals directly to select U.S. bank accounts. This advancement allows users to seamlessly convert their XRP to USD and withdraw funds instantly.  Coinpedia

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