More News, Rumors and Opinions Thursday PM 4-11-2024

KTFA:

Clare:  Disclosure of Iraq's creditors internally and externally

4/11/2023

 An economic expert revealed the most prominent creditors of Iraq.

Salah Nouri, former director of the Financial Supervision Bureau, told Al-Furat News Agency, “The amount of declared external debt is approximate, because there are external debts in the form of investment projects such as building hospitals and schools, especially the Japanese International Agency. These have complex accounting treatments in order to record them in the Ministry’s records.” Finance.

He stated that "the most prominent creditors are the International Monetary Fund, the World Bank, German and Japanese foreign international agencies, and international Islamic development funds, and there are no debts to Arab countries after 2003."

Nouri pointed out, “The settlements of external debts through the Paris Club Agreement have ended, and they are related to debts before 2003, and as far as I know there are no new consultations, and the remaining ones mostly belong to the Gulf countries.”

He explained, “As for internal debts, the creditors are government banks.” (Al-Iraqi Trading Company) TBI, Al-Rafidain, Al-Rasheed) in addition to the employees’ retirement fund, which is approximately 60 trillion Iraqi dinars.

On April 8, the Iraqi government announced a reduction in external public debt by more than 50%, bringing the debt down from $19.729 billion late. in 2022, to $15.976 billion in 2023, reaching approximately $8.9 billion in the current year.

Raghad Dakhham     LINK

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Claare:  A government advisor announces the start of implementing the reform plan in government and private banks

4/11/2024   Baghdad

Adviser to the Prime Minister for Economic and Financial Affairs, Mazhar Muhammad Saleh, confirmed on Thursday that Prime Minister Muhammad Shiaa Al-Sudani is interested in reforming the course of the private and government banking system, while indicating the start of implementing the reform plan for government banks.

Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the banking market has a great division. For example, the capital of private banks, or their share of capital from the government, is about 78 percent, while the capital of government banks is 22 percent.”

He continued, "While government banks account for 85 percent of activities and assets, while private banking activity is 15 percent, so there are large disparities between private and government banks."

He explained, “Private banks have almost coexisted on government allocations, whether through the window or by opening letters of guarantee for projects, meaning that any vibration exposes private banks to serious problems, so approximately 29 banks have been deprived of dealing in foreign currency.”

Saleh added, “Prime Minister Muhammad Shiaa Al-Sudani is very interested in reforming the course of the private and governmental banking system,” stressing that “there is a reform plan for government banks, and there is a foreign company that evaluates the banking work, its capital, and its functions until they are parallel to the work of international banks.”

 He stated, "Private banks are facing a dilemma, especially after being deprived of trading in foreign currencies, even though they have coexisted with this issue. Therefore, the government is trying to create an internal environment that is supportive of them, and they need to correct their situations first." 

He went on to say: “The Prime Minister is correctly supportive of private banks, on the condition that these banks improve their course of work,” stressing that “there is a reform plan to correct the course of private banks that will be implemented soon.”

A government source revealed, the day before yesterday, Tuesday, that Prime Minister Muhammad Shiaa Al-Sudani issued a set of measures and steps to revitalize the private banking sector, while directing a study of the possibility of strengthening the needs of private bank branches abroad in foreign currency.

The source told the Iraqi News Agency (WA): “Within the framework of the Iraqi government’s efforts to formulate a strategy that stimulates the activity of the private banking sector during the next stage, allowing it to engage more in efforts to diversify the economy and strengthen its foundations, Prime Minister Muhammad Shiaa Al-Sudani directed the adoption of a set of measures and steps in this regard.” The matter, including: -

1 - The Ministerial Council for the Economy studies the proposal to increase deposits of government institutions and the central government with private banks, enabling them to provide more banking operations and contribute to the development of various vital sectors and increase their ability to provide various financing services inside and outside Iraq.

2 - Support The Iraqi government and the Central Bank of Iraq to private Iraqi banks through foreign institutions and banks, taking into account the credit rating of each bank.

3- Study the possibility of enhancing the needs of private bank branches abroad in foreign currency for the purposes of financing foreign trade - the private sector and in accordance with the applicable contexts.

4- Establishing The Board of Directors of the Central Bank of Iraq to determine the contribution of foreign capital in Iraqi banks and evaluate the reality of the situation in a way that benefits the Iraqi economy and in accordance with what is stated in Banking Law No. 94 of 2004.

5- Participation of representatives of the private banking sector when discussing relevant issues in all state institutions, including Meetings of the Board of Directors of the Central Bank of Iraq.

6- Studying the reactivation of the financing initiative presented by the Central Bank of Iraq and in accordance with the contexts proposed by the Central Bank in this regard.

7- The Competition and Monopoly Affairs Council shall take the necessary measures under Law No. 14 of 2010 to prevent monopoly in banking services, provided that the Council shall submit reports to the Central Bank of Iraq and in coordination with it periodically and in accordance with the aforementioned law.   LINK

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY:  Television is talking about Sudani's trip to Washington.  They saying high security and military personnel will accompany him...It looks like we're going to go this time with a completely different exchange rate.  FRANK:  My hope and prayer is he will talk to you about your new exchange rate because it is time to do so.  He has given you every hint...every scenario...every option of why you're about to have a new value to your currency, about why your currency will be more valuable than the American dollar...I am sitting...in great hope he will make an announcement that will add purchasing power to your currency and then go to Washington with that power representing him as the leader of Iraq, a free sovereign nation and not the loser of a program rate country with sanctions upon him.

Militia Man  Remember when you say Iraq was paying for all of their major construction at 1310 you'll see...payments were able to disperse out of the DFI fund...Food, currency exchange programs, electricity, oil infrastructure programs, equipment for Iraqis, equipment for security forces, civil services, salaries, Ministry of budget operations - that's a broad spectrum...They had a lot of things that they could tap into that oil money revenue stream dollars [DFI}.  It wasn't in dinars.  Things have changed now...They have a time crunch...Since the DFI has gone into the Iraqi2 Fund you're going to see big changes I'm excited to see...

Is it Time to Invest in BRICS Currencies? Exchange Rates

Edu Matrix:  4-11-2024

Is it Time to Invest in BRICS Currencies? Exchange Rates. Is it time to look at Brazil, India, China, Egypt, Ethiopia, Saudi Arabia, South Africa's currency. as potential investments?

https://www.youtube.com/watch?v=5u6wvHyFwBo

CRITICAL ALERT! The Debt Market Just Flashed A VERY OMINOUS WARNING Sign...

Greg  Mannarino:  4-10-2024

https://www.youtube.com/watch?v=Bxq0YbQH12I

Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24
Good Evening Dinar Recaps,

Announcement of the CHIPS Migration to ISO20222 Messaging:

"The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two days after the migration.

It also lets participants and end-user customers gain value from enriched data content like extended remittance information. It lets users query structured message formats for multiple purposes, such as sanctions and compliance screening.

According to the release, the network wrapped its first day of operations on the ISO20022 message format having released 555,345 payments for a value of $1.81 trillion."

The Clearing House Interbank Payments System (CHIPS) is the largest Clearing House Payment System in the US. It is the largest private-sector, high-value clearing, and settlement system in the world.

On April 8th, 2024 the CHIPS Network successfully migrated to the ISO 20022 messaging system. This allows foreign currency exchanges to be traded on the new digital banking system.

Along with our transactions, there will be a clear message informing both sides of a trade what the exchange is all about with directions for the completion of the transaction.   Pymnts  Investopedia  The Clearinghouse

© Goldilocks

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"The Financial Stability Institute (FSI) in a detailed report issued on April 9th, 2024, has emphasized the necessity of a coordinated regulatory approach to Stablecoins across different jurisdictions."

The Financial Stability Institute is calling for the unification of governing laws for Stablecoins throughout the US, UK, and the EU.

Global Regulations are needed for licensing, consumer protection, and AML in 7 jurisdictions.

Markets in Crypto Assets (MICA) are currently in the process of Global Regulations through the European Union.   CoinGape   Investopedia

© Goldilocks
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"BRICS refers to certain emerging market countries—Brazil, Russia, India, China, South Africa, and more—that seek to establish deeper ties between member nations and cooperate on economic expansion, including trade. The countries act as a counterbalance to traditional Western influence."

When the BRICS Nations become strong enough to have a trading influence equal to or greater than the Western Culture, there will be bilateral agreements "only" as a reason for us to sign documents in the near term.  
This is expected to change in about two decades when the BRICS Nations are expected to be strong enough to overtake the dollar. The transition of the dollar is expected to be a slow process. In the meantime, the Dollar Act is in the process of moving through Congress to support this transition.

To have a (digital) currency strong enough to challenge the dollar or equal within its dominance able to level the playing field for the BRICS Nations, they will more than likely have a gold-backed digital trading coin that will give them the capacity to do so.

At that time or before, the United States will be under a Gold Standard and part of the new leveling playing field.   Congress   Investopedia   ISS Africa

© Goldilocks

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What is the latest on #BRICS currencies? | Youtube

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Who controls the price of gold in 2024? | Youtube 

👆 is gold about to decouple from the dollar?

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Breaking Ripple News: 

Uphold Confirms FedNow Integration for XRP Transactions. Uphold lets users withdraw XRP instantly to US bank accounts using FedNow, easing crypto-to-fiat conversions. | Crypto Adventure  4 days ago
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Markets in Crypto-Assets Regulation (MiCA)  | Esma Europa

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Markets in Crypto-assets (MiCA) – New EU law on crypto-assets | Twobirds

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Is Europe’s MiCA a Template for Global Crypto Regulation? | Coindesk

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Global Banking Announcement:

US Treasury and PBOC to Conduct Joint Financial Shock Exercises By Manesh Samtani, exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks | MSN
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Derivatives Services Bureau Announcement:

London, Tuesday 9 April 2024 – The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, today released the latest data on industry readiness for European UPI (Unique Product Identifier) regulatory reporting requirements, which are part of the EU EMIR Refit Regulations.

The European Union will implement UPI reporting from 29 April 2024 as the second G20 jurisdiction, following the US who went live from 29 January 2024, and ahead of the UK effective date in September 2024. |  DSB

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Do you see what's happening? We are currently working on Global Payment Systems for the new QFS.

@Goldilocks

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Hong Kong spot Bitcoin ETF Announcement:

HONG KONG (Reuters) - "Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said." | MSN

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FYI

Since I trade on the markets, you do know I will be very aware the instant our markets flip completely over to the new digital asset-based trading system. This will be all sectors of the market and the value changes that come with it including Forex.   😉

© Goldilocks

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President Joe Biden has promised Israel "ironclad" US support amid fears that Tehran could launch reprisals for an attack that killed senior Iranians. | BBC
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How Much GOLD Is In Home Depot Sand? | Youtube

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We are at the place where Credit Valuation Adjustments are about to begin.

The process will be monitored and assessed throughout most of this year and as new changes take place.

Look for all sectors of the market to be involved in this process such as banking systems and Forex.

Central Banks all over the world continue to focus on accumulating gold. Utilizing Gold as a World Reserve Asset makes this asset a matter of time before a country or countries of significant influence will build upon it's fixed value into their currency.

The BRICS Nations have been looking to do this for some time in the creation of and use of a trading currency that would appeal to all countries around the world.

Sprinkle a little gold dust on this new currency, and you will have a standard by which all trading protocols can be measurable on the QFS and utilized as a bridge asset through a digital asset backed by GOLD such as XRP.   Risk Net

© Goldilocks

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Next week, the World Bank and the IMF are meeting in Washington DC for their Spring Meetings 2024. This year, the meetings will be compressed between 17th and 19th April, with some ancillary events happening between Monday 15th and Friday 20th. the schedule of events can be found here.   👇
 Schedule  |  World Bank

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Gold & Silver Making MASSIVE Moves! Banks Are STACKING Lots Of Gold! | Youtube

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Americans Don’t Understand Inflation — This Is How It Actually Affects Your Money

Americans Don’t Understand Inflation — This Is How It Actually Affects Your Money

Cynthia Measom   Wed, April 10, 2024 at 10:00

Inflation — it’s a word you hear frequently, but do you really understand what it means?

What most people know about inflation is that it makes things more expensive. A simple definition of inflation is that it’s the increase in the cost of goods and services over a time period in an economy, which is usually expressed as a yearly percentage. Inflation rates are measured by price indexes, including the consumer price index by the Bureau of Labor Statistics and the personal consumption expenditures price index from the Bureau of Economic Analysis.

The main effects of inflation are better interest rates for savings accounts and higher costs of living, but there are several more nuanced effects to watch out for as you manage your money. Increasing your understanding about the different types of inflation and how they could impact your life both positively and negatively can help you make better financial decisions, especially when it comes to protecting your money now and in the long run.

Inflation Can Be Confusing

According to GOBankingRates’ 2024 Financial Literacy Survey, out of all current hot money topics — inflation, interest rates, Social Security and taxes — 38% of Americans find inflation to be the most confusing. Here’s a breakdown of the percentage of each age group that finds inflation most confusing:

18- to 24-year-olds: 29%

25- to 34-year-olds: 42%

35- to 44-year-olds: 41%

45- to 54-year-olds: 45%

55- to 64-year-olds: 35%

65 and over: 32%

Overall, respondents ages 18-24 and those 65 and over — members of the youngest and oldest age groups — find inflation to be less confusing than the other age groups. Respondents ages 45-54 find inflation to be the most confusing of all generations, followed people who are 25-34. Additionally, 40% of women versus 35% of men said that inflation was the most confusing of current hot money topics.

How Inflation Affects Your Money

Not all outcomes of inflation are bad. In fact, maintaining a healthy rate of inflation is good for the economy. Here are some of the positive and negative effects of inflation:

Positive: You’ll Get Better Savings Account Rates

Investors with short-term goals might invest in a high-interest savings account if they think they would need access to their funds in the near future. If this sounds like you, your short-term savings could get a boost because increasing inflation often prompts the Federal Reserve to raise interest rates, and banks, in turn, often raise the rates they pay on savings deposits. So you could benefit from a better return on money sitting in your cash or savings account.

Negative: Borrowing Becomes More Expensive

But those aren’t the only rates banks raise. When the Federal Reserve raises interest rates, it makes it more expensive for banks to borrow money from one another. These increased rates are then passed on to individual and business borrowers. The bottom line is that higher inflation means higher interest rates on the money you borrow — and less money in your pocket.

Negative: You’ll Pay More for Stuff

With inflation, prices of pretty much everything start to rise. Medical care and prices for prescription drugs could increase, and your rent could also go up. And unless your paycheck goes up at least as much as the inflation rate, you’ll be trying to pay for the increased costs of items on the same income, so inflation can be tough on the wallet — especially during hyperinflation.

To Read More Click Link:

https://news.yahoo.com/finance/news/americans-don-t-understand-inflation-140003599.html

"Tidbits From TNT" Thursday 4-11-2024

TNT:

Tishwash:  The streets of Baghdad are crowded with families celebrating Eid al-Fitr

Baghdadi families took advantage of the official holiday of Eid al-Fitr, which was set by the General Secretariat of the Council of Ministers as of yesterday, Tuesday, and coincided with the announcement of the Shiite and Sunni religious authority, considering that today, Wednesday, the first day of the month of Shawwal (the first day of Eid), is an opportunity to change the pattern of days. The month of Ramadan has passed.

The streets of the capital were crowded with private cars and public transportation to move between areas of Baghdad to visit family, relatives, and friends, as a traditional social ritual that Iraqi families are accustomed to during holidays and occasions.

On such occasions, the family rarely has a place to sit at the tables of a restaurant in Baghdad, unless they make advance reservations, as restaurants and even public parks are filled with thousands of families, celebrating Eid, or any other occasion.

After the mosques were crowded at dawn today with men and women praying to perform the Eid al-Fitr prayer, the daylight hours passed by receiving guests and exchanging congratulations and congratulations via phone calls or social media, which has become an alternative that many see as “monotonous and inanimate and breaks the social ties on which generations of Iraqis have been raised.” According to many citizens whom Shafaq News Agency correspondent spoke to.

The lens of Shafaq News Agency also toured a number of mosques at dawn today to document the performance of Eid al-Fitr prayer.

It is noteworthy that advance reservations in restaurants have spread widely for many years, but it became a common phenomenon after the Corona epidemic invaded Iraq and other countries, which imposed strict obligations and instructions at the time, and the situation continued as it was in the years that followed the end of the epidemic and the return of life to normal.   link

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Tishwash:  Al-Sudani: We are working to correct the state’s economic paths

 Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths. 

A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."

The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.

Al-Sudani stressed, “This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state’s economic paths, as it is working to address them, which will have a major impact on the state in the future.”

He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."

He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices   link

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Tishwash:  The dollar is on the Sudanese dialogue table in Washington.. Al-Awadi talks about the future of the Iraqi dinar

 The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.

Al-Awadi said in an interview with “Baghdad Today” that “after the issue of activating the strategic framework agreement between Washington and Baghdad and the security aspect, the economic file will be present and strongly during the Prime Minister’s visit to the United States,” indicating that “the relationship with the US Treasury and the Federal Bank continues and the dialogues are ongoing.” "It did not stop with them over the past year, as there were several mutual visits, announced or unannounced, to discuss this file."

Al-Awadi added, “The Sudanese will discuss the issue of banks and the economic and administrative reform of financial institutions and banks, as well as the dollar file,” explaining that “the price of the dollar ranged within the range of 147 thousand dinars for every 100 dollars during the short period at a time when the government took over its duties and the price of the dollar against the dinar was approaching.” From 148 thousand, meaning that the price is lower than before.”

He stressed that "the solution to the dollar crisis does not come with the push of a button. Rather, it requires economic reforms and includes many aspects, including political and economic ones. It needs a period to regulate the banks and reap the fruits of the central bank's packages and the government's decisions, which as a whole have begun to bear fruit through a gradual decline in the exchange rate of the dollar against the dinar." ", stressing that "there are assurances from the economic team supervising the issue, and we expect that the situation of the dinar will be better in the future." 

It is hoped that, a few days from now, Prime Minister Muhammad Shiaa Al-Sudani will visit Washington and the White House to meet with US President Joe Biden.

Last March, the White House announced that on April 15, the White House would receive the Sudanese President, stressing that the leaders would reaffirm their commitment to the Strategic Framework Agreement, and would work to deepen their shared vision for a secure, sovereign, prosperous Iraq fully integrated into the broader region.

He pointed out that President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the permanent defeat of ISIS and the development of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS.

He stated that they will also discuss the ongoing Iraqi financial reforms to promote economic development and progress towards Iraq's energy independence and modernization   link

Mot: . When Ya Have tooooo much $$$$ 

Mot:  ..... Big plans She has  

News, Rumors and Opinions Thursday AM 4-11-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 11 April 2024

Compiled Thurs. 11 April 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (RUMORS)

On Fri. 5 April the Reserve Bank of Zimbabwe (RBZ) injected gold-backed digital tokens (GBDT) known as Zimbabwe Gold (ZiG). Banks now have the new Forex rates…Wolverine

It was rumored that Tier 3 Fines, Sanctions, Farm Claims, CMKX payments and Bond Holders started Fri. 5 April.

On Fri. 5 April Zimbabwe announced it is replacing it’s collapsing local currency with a new one backed by gold: https://www.reuters.com/business/finance/zimbabwe-introduce-new-structured-currency-cbank-governor-says-2024-04-05/

Mon. 8 April MarkZ: “There are a lot of rumors that banks have the new US gold-backed Currency Notes in their bank vaults ready for the GCR….On Mon. 8 April Zimbabwe introduced their new gold-backed currency, the ZIG Notes to the World…I have more confirmations of Bond Holder appointments and there were some big deals made with Bond Holders over this last weekend. …Of course Zimbabwe is going gold backed. Russia has the gold backed ruble, China internationally has a gold backed –oil Yuan. I think we will see more countries do the same thing.  Denmark is actively looking at doing the same…..It is coming.”

Tues. 9 April Bruce: “I think Tier4b will go within a day or so. There was a Conference Call that involved all the Redemption Center Staff on Sat. 6 April. They were told that if any information leaked out of their meeting that their exchange commission would be removed. (Redemption Center Staff get a .025% commission on your exchange.) We are just waiting for the codes to be released from the US Treasury. NESARA/GESARA and Social Security increases will kick in sometime this month.”

Tues. 9 April Wolverine: MarkZ said the 15th. I think this week will be a good week for the bonds, but for the currency, I am looking at the 15th of April.

While some Bond Holders have received emails that notified of liquidity to their accounts, actual payments were said scheduled to begin on Wed. 10 April.

Brazil Banks report Tier4b liquidity release to be by Thurs. 11 April.

While some New York banks were told announcement of the Global Currency Reset would happen by Mon. 15 April, most believe the General Public announcement will be on Sun, Mon, 21st or 22nd April.

Zimbabwe has reverted to the gold standard: While most countries abandoned the gold standard in the last century, some African nations are reconsidering its necessity to stabilize their economies. This month, the Zimbabwean dollar became the new “gold” currency. The need to switch to the gold standard has been a long-discussed issue in the country, with the Zimbabwean dollar experiencing a more than 500% depreciation, and the currency rate plummeting by over threefold in just the last three months.

Official preparation for the upcoming monetary reset (youtube.com)

Global Financial Crisis:

US Economist Anticipates Bankruptcy & Market Crash https://watcher.guru/news/brics-us-economist-anticipates-bankruptcy-market-crash

Dr. Kia Pruitt: Developing nations are using their own currencies (no more USD) for trade! Plus BRICS now have their own payment system as an alternative to the US Swift System. Meanwhile, Gold is climbing toward $2500! THE WORLD IS RUSHING BACK TOWARDS USING GOLD AS MONEY!

Wed. 10 April Red Alert Issued by largest bank in US: https://beforeitsnews.com/prepper/2024/04/red-alert-largest-bank-in-usa-issues-urgent-emergency-warning-prepare-now-patrick-humphrey-news-3665.html

Read full post here:  https://dinarchronicles.com/2024/04/11/restored-republic-via-a-gcr-update-as-of-april-11-2024/

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

Mnt Goat   Article:  "IRAQ ANNOUNCES THAT IT IS CLOSE TO PRODUCING 5 MILLION BARRELS PER DAY"   ...they are announcing that it is close to 5 million barrels per day. Oh… but the dinar is still at 1/6 of a penny? It is like they  are ignoring the oil assets already on hand in determining the rate of the dinar. Even before the 1991 invasion they were producing 2.5 million barrels per day and the dinar was around $3.22. Now they are producing twice as much oil. So what’s going on here?    ...The US is playing a game with Iraq and the IQD and most importantly...It’s people are suffering from it the most. War sanctions  are over and its time to give them back their currency along with their dignity.  

Militia Man  Article quote "Al Sudani uttered a very important phrase, 'keep the dinar...I bear witness that the Iraqi dinar will return to its lofty economic value as it was'..."  Lofty economic value is not 1310.  It's not 1159.  It's not 1182 or 1160 or any of those number.  It's back to previous era like they said.  They shut this thing down at...$3.22...The true value from the IMF...estimates were about $2.80.  Those are their words not mine and in print...They can support it...Remember, Iraq was at $35 a barrel of oil.  It's $85 right now.  Then add in all the extra revenue streams that we know of...They're massive and they're just going to keep growing.

A Complete “Decimation” of the Financial System is Upon Us; Why This Time It’s Different

Daniela Cambone:  4-10-2024

“Physical economy is basically the same and there's a one new ownership, which is really disheartening,” says David Morgan, founder of The Morgan Report.

In an interview with Daniela Cambone, he emphasizes that while a financial reset entails a change in ownership dynamics, it doesn't interrupt economic activity; rather, it recalibrates ownership within the existing physical economy.

He also advises investors to prioritize the intrinsic value of gold over its face price, recognizing its stability amid financial uncertainties.

Lastly, he concludes the interview with a piece of life wisdom. “In the turmoil of financial uncertainty, the true wealth lies not in what we possess, but in our resilience to adapt and persevere.”

CHAPTERS:

00:00 Financial collapse

 5:43 Wealth taking away

 8:31 How to be prepared

 12:54 Gold price

16:12 The value of gold

18:44 Fed interest rates cut

21:35 Life wisdom

https://www.youtube.com/watch?v=Ungkm4ZWcBk

Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24

Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24
Good Evening Dinar Recaps,

"Last week the Bank for International Settlements dropped a bombshell of an announcement where it launched Project Agorá, along with seven central banks, which will focus on the tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms."

The race towards International payments has begun. We currently have Global Regulations being tested in Europe and soon to be implemented through MICA. These assets have grown out of the ability to do so because of Protocol 20, whereby, the interfacing of International  Digital Networks have been given the green light to expand into Global connections capable of doing trades with Tokenized Assets at the push of a button.

The next step is to move towards Cross-Border International Trading. Several countries have began the process of regulating Stablecoins which is a representation of a country's currency. These regulations will speed up the velocity of money and opportunity for companies to grow at a much faster pace.

As each country moves toward manufacturing their own goods and services over time, this will create less bottleneck situations at our shipping ports and more opportunities for jobs within each country for their people.

Shipping port volumes have been increasing it the last few years until the pandemic hit, and to lower these prices on goods traveling around the world more manufacturing jobs at home is being encouraged and shorter routes between countries are being mapped out. This will decrease inflation, and it will increase the Gold Backed Tokenized Assets used on the shipping ports to trade between countries.

Inflation tends to devalue a currency, and our ability to reduce cost in our shipping industry through more efficient mechanisms will move the pendulum of 80% trade around the world to a much smaller percentage.

Our ability to decrease inflation through digitizing our shipping ports and decrease premium prices on their movement will go a long way in adding more value to our currencies globally.

Bis   Coin Speaker   The Banker   IMF   Investopedia

Watch the water.
© Goldilocks

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Tokenized Assets and the trading of Gold and Silver are beginning to pick up the pace. We have a shortage in Silver that continues to climb.

The demand for the Metal Markets are beginning to put price pressures on our Gold and Silver products.

Can you imagine what this is going to do to our Tokenized Assets such as Stablecoins? Kitco Bloomberg

© Goldilocks

~~~~~~~~~

The Bureau of Industry and Security recently provided the "freight forwarders" in the shipping industry guidance on the imports and exports between countries.

The Bureau of Industry and Security is currently getting involved in particular with "Correcting and Clarifying Export Controls Issued on Advanced Computing and Semiconductor Manufacturing Items."

Let's take a closer look at why freight forwarding guidance is important. It will promote clear guidance on foreign and domestic products being moved across countries near and abroad.

One of their more important roles as of late is to help companies tackle foreign currency exchange rates. They will help determine prices as they change due to developing circumstances.

This set of guidance represents the final rules that allow implementation of freight forwarders guidance to move forward with these new changes.  Mondaq   Braumiller Law   JD Supra

WATCH THE WATER...

© Goldilocks

~~~~~~~~~

IRAQ
General Commission for Taxes: Strategic Direction
for Prioritized Reforms -A pdf located in Goldilocks' room here:  

https://t.me/c/1545617426/76462

HLSEA2024011.PDF

Iraq is beginning to expand their revenue in country. This necessitates the progressive wage earner tax reforms outlined in the PDF above.

This expansion and clearer guidelines made on taxable income for the government, companies, and people are being redefined as we speak.

The transition into technical mechanisms will make this possible going forward. The new digital economy is now being interfaced in Iraq's new digital framework.  IMF

© Goldilocks

~~~~~~~~~

The markets have suffered three legs down in the last few days. This is usually a great time to buy before Markets move three legs up.

But, an interesting thing happened today. The lack of buyers kept me from participating in the game because of the noticeable numbers of investors not following normal Market patterns.

This does not look good for tomorrow, the next day, and following unless buyers start coming into the market. My stance is a wait and see. If others are doing the same, we may have an alert status and moment of caution for the markets.

More and more countries are beginning to trade in their local currencies, and it's hard to know just yet if this is beginning to have an effect on the dollar.

I will report more as I go along and find out more details.

© Goldilocks

~~~~~~~~~

VELOCITY OF M1

 This is our most recent money velocity chart. It ranges from 1960 to late March of this year. It is showing us a rising money velocity as of late. This does not mean we are doing well.

When you have too much money chasing too few goods, you have what is called a demand-pull inflation chart in front of you.

This makes sense to people who buy their groceries and come in with less goods using more money to buy them.

This may be sold as a good thing soon, but you know that it is not because of your grocery bill.

I am sharing this with you today to give you an idea of how difficult it is to invest in today's economy with all of these fundamentals no longer following correlated patterns as they used to do so.

To minimize the above data flows, we may see a false flag come into play to soften some of these money flows and coordinate some of these chart patterns.   Wikipedia

This is why a Global Currency Digital-Asset Reset is needed.

© Goldilocks

~~~~~~~~~

The CPI index reading came out much higher than expected according to several resources.

This is believed to be a reason to raise interest rates among some economists while others are stating that lower interest rates will be what allows us to move into the new digital economy with new support levels.

Countries are divided on this issue as well. We are witnessing some countries lower their interest rates already while the United States keeps their interest rates the same.

This will create a trade war between countries as prices at our shipping ports will be affected.

Volatility is expected inside the marketplace as the East and West go to war in trade.

The winner takes all...

© Goldilocks

~~~~~~~~~

CPI comes in hotter than expected dashing rate cut hopes...Ira’s Morning Flash Video for 4 10 2024 | Youtube

~~~~~~~~~

Exploring Japan's Potential To Lead Global Cryptocurrency Trends -  Dataconomy

~~~~~~~~~

A freight forwarder is a firm specializing in the arrangement of cargo on behalf of shippers. In most cases, freight forwarders provide a variety of supply chain services, including: Ocean or air freight transportation. Inland transportation from origin and/or to destination. |  Crowley

~~~~~~~~~

Hong Kong Said Likely to Approve Spot Bitcoin (BTC) Exchange-Traded Funds Next Week: Reuters | Coindesk

👆 more on this tomorrow.

~~~~~~~~~

The 'war of chan' to dominate semiconductors around the world is intensifying day by day. The U.S. g.. - MK

~~~~~~~~~

U.S.-China trade fight ramps up with EVs and green tech - Fast Company

~~~~~~~~~

Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production | Technology | Al Jazeera

~~~~~~~~~

Exchange Rates and their Measurement | Reserve Bank of Australia
~~~~~~~~~

Silver laughed off an attempt to slam the price lower on the announcement of higher than expected Inflation numbers. 
 
This is a NEW type of behavior in the Rigged COMEX Silver market and one that is very, very encouraging.
 
This means that the additional shorts needed for today's initial slam WERE NOT ABLE TO BE COVERED which makes the Commercial's Silver Short Problem that much bigger! 
 
THIS IS THE END GAME!
 
SILVER ALERT! Silver Brushes off Attempted Price Slam on CPI! APPROACHES UNOBTAINIUM! (Bix Weir) | Youtube

~~~~~~~~~

New worries America on verge of losing petrodollar privilege | FX Street

~~~~~~~~~

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More News, Rumors and Opinions Wednesday PM 4-10-2024

TNT:

CandyKisses:  Dollar exchange rates in Baghdad and Erbil stabilize after the stock exchange stopped trading

Shafaq News / The dollar exchange rates stabilized, on Wednesday, after the main stock exchanges in Baghdad and Erbil stopped trading due to the Eid holiday.

The correspondent of Shafaq News Agency said that the dollar prices in exchange shops in local markets in Baghdad, some of which opened their doors, witnessed stability today, as the selling price reached 149,000 Iraqi dinars, while purchase prices reached 147,000 dinars per 100 US dollars

CandyKisses:  Iraq ranks 9th in the Arab world with the best countries to invest or do business

 Economy News - Follow-up

Iraq ranked 93rd globally and ninth in the Arab world in the best countries for investment or doing business for the year 2024, according to CEOWORLD magazine, which issued its report for the year 2024, which classifies and analyzes 199 countries based on their business and investment environments. The journal considers the ease of doing business and the mobility of investors and skilled personnel as strategic factors in this analysis.

The ranking was based on 11 different factors, including corruption, freedom (personal, business and monetary), workforce, investor protection, infrastructure, taxation, quality of life, red tape, and technological readiness. Each category was equally weighted.

According to the latest rankings, Spain ranked sixth, followed by Australia, Poland, the Philippines and the United States respectively.

Malaysia, Thailand, the Czech Republic, France and the United Arab Emirates ranked 11th, 12th, 13th, 14th and 15th respectively among the best countries in the world to invest or do business in 2024.

Iraq ranked 93rd globally in the best countries for investment or doing business for the current year, with 71.77 points in skilled hands in the market and 72.15 points in market potential, Nauru, Kiribati, Palau and Micronesia in the last ranks in the best countries for investment or doing business for 2024.

Iraq came ninth in the Arab world after the UAE, Oman, Bahrain, Saudi Arabia, Tunisia, Kuwait, Qatar and Egypt

************

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

Frank26  To release executive order 13303 IMO was the domino effect that also released the DFI funds...IMO the currency exchange of the Iraqi dinar is under the DFI fund.  Executive order 13303 has not been resigned therefore the DFI fund is free to be returned, therefore Iraq needs to protect those funds with a new exchange rate...To not see Biden resign this executive order it means to me the monetary reform/new exchange rate is free as a bird to be exposed, to come out for the citizens to use to add purchasing power to their currency.  

Sandy Ingram   The upcoming visit by the Iraqi Prime minister to Washington DC is a significant event packed with potential and fraught with challenges.  The meeting is expected to address a range of issues from the fight against the Islamic State...to Iraqi financial reforms... As the clock ticks down to April 15, the world watches with bated breath.  Will this be the turning point that ushers in a new era of cooperation between the United States and Iraq?  Time as they say will tell.

Alert! THERE WILL BE NOWHERE TO RUN. PREPARE NOW FOR A WORST CASE SCENARIO!

Greg Mannarino:  4-10-2024

https://www.youtube.com/watch?v=BgSi9HzYX3c

NEXT CHAPTER: CHINA Welcomes Russia as Strategic Partner After Failed Janet Yellen's Threats

Lena Petrova:  4-10-2024

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

Economist's "News and Views" Wednesday 4-10-2024

Gold/Silver SURGE – “Something Is Different” | Andy Schectman

Liberty and Finance:  4-9-2024

“The world does not want our bonds and our dollars,” says Andy Schectman of Miles Franklin Precious Metal Investments.

Gold and silver’s surge recently does not feel like a typical rally, he notes, “something is different.”

He discusses the development of the new pricing mechanism in the East.

As the Eastern central banks continue to accumulate gold, gold is being remonetized, he says.

INTERVIEW TIMELINE:

0:00 Intro

 0:30 Gold re-monetization

18:00 New price fixing system

 31:30 New system

https://www.youtube.com/watch?v=btiL12hnheA

CBDC NEWS: Swiss Bank REJECTS Retail CBDC, while European Bank Says It'll Help DISASTER Relief

Lena Petrova:  4-9-2024

https://www.youtube.com/watch?v=sm_sNk5pEYc

Morgan Stanley Is Now Sounding The Alarm

Atlantis Report:  4—9-2024

Morgan Stanley has issued a serious warning that is causing significant ripples in the markets. The bank has urged investors to prepare themselves for a period of extreme uncertainty.

Morgan Stanley's warning is based on the upcoming buyback blackout period, which has already resulted in a 93% decrease in buyback activity, and the low positioning of machines that have left traders and algorithms confused and unsure about the direction to take.

These signs clearly indicate that the financial markets are on the verge of a significant shift.

https://www.youtube.com/watch?v=8tGcIopcfvY

"Tidbits From TNT" Wednesday Morning 4-10-2024

TNT:

CandyKisses:  Al-Khazali: There should be no complacency on the issue of the withdrawal of foreign and US forces from Iraq

Shafaq News / The Secretary-General of the "Asaib Ahl al-Haq" Qais al-Khazali, on Wednesday, stressed the need not to tolerate the exit of all foreign forces, including the United States, from Iraqi territory, as the success of the visit of Prime Minister Muhammad Shia Al-Sudani to the United States of America depends on this exit.

Khazali said in his Eid prayer sermon among a gathering of worshipers in Baghdad, that "the issue of the exit of foreign forces, especially the US forces, is a fundamental and strategic importance that must not be tolerated," adding that "this presence is illegal and illegitimate."

He added that "there are some politicians who defend the foreign presence and they only represent themselves," adding that the position of Prime Minister Mohammed Shia al-Sudani and the framework and the Iraqi resistance is clear in not agreeing to the survival of this illegal and illegal presence.

Khazali stressed that "there is no room for the survival of these forces," addressing them, "and if you do not preach and understand this message, then the full justification to resist this illegal and illegal presence in all ways, foremost of which are military operations," stressing that "the American exit is inevitable."

Tishwash:  Details of a “new” meeting to end the international coalition’s mission in Iraq

The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, announced this evening, Tuesday, the details of the meeting of the Supreme Military Committee of the International Coalition in Iraq.

Rasoul said in a statement, received by Al-Youm Al-Akhbariya, that “yesterday, the eighth of this month of April, in the capital, Baghdad, the Iraqi Supreme Military Committee held a meeting with the Supreme Military Committee of the International Coalition in Iraq, and the two committees are concerned with ending the mission of the International Coalition in Iraq.” 

He added, "During the meeting, the work of the subcommittees was discussed since their launch in January 2024, and the assessment of the threat of ISIS terrorist gangs, the operational environment, the current security situation, and the capabilities of the Iraqi security forces." 

According to Rasoul, members of the two military committees praised “the achievements and sacrifices made in the battles to defeat ISIS, and the continuing efforts to prevent the return of these terrorist gangs, as well as supporting Iraq’s sovereignty, unity, and stability.” 

The spokesman for the Commander-in-Chief indicated that the two sides “confirmed the capabilities and capabilities of the Iraqi security forces to defeat ISIS, and they also confirmed that the subcommittees will continue their work to present evaluations to the Supreme Military Committee to submit recommendations in order to make a decision regarding the timetable for the transfer of the international coalition in Iraq to... Establishing a bilateral security partnership between Iraq and the United States, which contributes to raising the capabilities of the Iraqi security forces and working to develop them, which enhances the stability and security of Iraq and the region.”   link

************

Tishwash:  Al-Khazali calls for Iraq's freedom to dispose of dollars: America is not kind to us and this is our money

The Secretary-General of the "Asa'ib Ahl al-Haq" group, Qais Al-Khazali, on Wednesday called on Prime Minister Muhammad Shia'a Al-Sudani to emphasize the issue of Iraq's freedom to dispose of its US dollar funds during his upcoming visit to the United States of America.

Al-Khazali said in an Eid prayer sermon that he delivered to a gathering of worshipers in Baghdad, “The issue of economic sovereignty, and Iraq’s ownership of its decision-making and sovereignty regarding its disposal of its US dollar funds, is important and complex.”

He added, "America is not favoring us, and this is our money," stressing the importance of "Iraq having the freedom to dispose of this money according to its interests."

Al-Khazali continued by saying, “Iraq has demonstrated - despite the unfair, unrealistic and exaggerated conditions set by the US Treasury on disposing of the dollar - great compliance with these conditions,” considering that the United States is trying “to exploit the economic card to maintain the current military status of its forces in Iraq, and this is what we do not accept.” link

************

Tishwash:  Eid morning in Iraq...stability, security, and long queues at the “Al-Kaahi and Al-Qaymar”

Iraqis live the atmosphere of Eid al-Fitr in a completely stable and safe atmosphere, and while millions of Muslims performed Eid prayers in mosques and Husseiniyas, they were keen to eat the most famous “ryok” dish after the month of fasting, “kahi and qaymar.”

Most of Baghdad's streets were characterized by calm and lack of traffic on the morning of Eid, while many popular restaurant areas witnessed crowding with thousands of citizens who rushed to buy Iraqi ryokan supplies.

Today is the first day of Eid al-Fitr, and most Islamic countries and religious authorities have agreed that today, Wednesday, is the first of Shawwal.

Prime Minister Muhammad Shiaa Al-Sudani met with a number of citizens in the center of the capital, Baghdad, on the eve of Eid Al-Fitr  .

The Prime Minister’s Media Office stated in a statement, “Prime Minister Muhammad Shiaa Al-Sudani conducted a field tour in the center of the capital, Baghdad, in which he met a number of Iraqi families on the eve of Eid Al-Fitr, where he offered his best congratulations to the citizens on this happy occasion, asking God Almighty to "He will bring it back to the Iraqis with Yemen, goodness, love and stability."

According to the statement, the Prime Minister listened to "the opinions of citizens regarding the service projects implemented and others being implemented in Baghdad, where they expressed their support for the current government efforts, and their aspiration towards more work and achievements that meet the demands and needs of citizens, and advance the country for the better link

Mot: ... Poor Kid! -- Maybe Next Year!!

Mot: New Body Wash

News, Rumors and Opinions Wednesday AM 4-10-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 10 April 2024

Compiled Wed. 10 April 2024 12:01 am EST by Judy Byington

Global Currency Reset (RUMORS)

On Wed. 3 April Morning the redemption center leaders and bank managers throughout the United States, entered the access codes for the Global Currency Reset and sent them to the US Treasury at about 11:30 p.m. …Wolverine

On Fri. 5 April the Reserve Bank of Zimbabwe (RBZ) injected gold-backed digital tokens (GBDT) known as Zimbabwe Gold (ZiG). Banks now have the new Forex rates…Wolverine

It was rumored that Tier 3 Fines, Sanctions, Farm Claims, CMKX payments and Bond Holders started Fri. 5 April.

On Fri. 5 April Zimbabwe announced it is replacing it’s collapsing local currency with a new one backed by gold: https://www.reuters.com/business/finance/zimbabwe-introduce-new-structured-currency-cbank-governor-says-2024-04-05/

  Mon. 8 April MarkZ: “There are a lot of rumors that banks have the new US gold-backed Currency Notes in their bank vaults ready for the GCR….On Mon. 8 April Zimbabwe introduced their new gold-backed currency, the ZIG Notes to the World…I have more confirmations of Bond Holder appointments and there were some big deals made with Bond Holders over this last weekend. …Of course Zimbabwe is going gold backed. Russia has the gold backed ruble, China internationally has a gold backed–oil Yuan. I think we will see more countries do the same thing.  Denmark is actively looking at doing the same…..It is coming.”

Tues. 9 April  Banker: “Pay attention to any announcement which may be forthcoming tonight or tomorrow Wed. 10 April. Things are looking very positive at this point in time. …Everything I had heard was repeated with one exception, those holding ZIM will have a 10 day window to redeem.”

Tues. 9 April Wolverine: MarkZ said the 15th. I think this week will be a good week for the bonds, but for the currency, I am looking at the 15th of April.

Tier 4b (us, the Internet Group) could go at any time.

While some Bond Holders have received emails that notified of liquidity to their accounts, actual payments were said scheduled to begin on Wed. 10 April.

Brazil Banks report Tier4b liquidity release to be on Tues, Wed, Thurs. 9, 10, 11 April.

While some New York banks were told announcement of the Global Currency Reset would happen by Mon. 15 April, most believe the General Public announcement will be on Sun, Mon, 21st or 22nd April.

~~~~~~~~~~~~

Tues. 9 April 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#

We are hearing from top people at Wells Fargo that this is ready to go.

By Wednesday or Thursday 10, 11 April we should have the numbers and be able to act on them.

The word is tomorrow Wed. 10 April through Friday 12 April.

There was a Conference Call on Sat. with all the Redemption Centers and they threatened everybody that anybody leaked any information – they’d call it treason from the people in the RC staff  – then they backed away from that and what we are going to do is  – keep you from receiving any commission so those doing the exchanges receive .025% and that will be removed from them.  

I really think tomorrow or Thursday – and might be a CW Thursday and they are again waiting upon the Release codes from Treasury and I don’t think there is any reason for this to be delayed further.  

We are also looking for Nesara and Gesara to kick in this month  – wasn’t week one, we think increase in SS is still in April though but as far as anything else information is limited and we really have to wait and see what happens in the next couple of days.

Some people saying Friday and Monday but I think we really just have to wait and we are looking for everything to show up and us to move forward between now and Friday.

Sources are drying up and all is quiet.

Read full post here:  https://dinarchronicles.com/2024/04/10/restored-republic-via-a-gcr-update-as-of-april-10-2024/

************

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

Frank26  Executive order 13303 was not resigned therefore Iraq is now completely free.  They are totally sovereign.  They are a sovereign country with the total sovereign right to do anything they want with their banking structure...currency...currency notes...exchange rate.  They have the prerogative to do so.

Militia Man  Article:  "Dinar and dollar"  This piece was from March 4th, 2024 and is redone again fresh today. By stating they are going to overthrow the dollar very soon will be making it hard for the citizens to want to let their dinar go. Al-Sudani stated as we noted before to keep the dinar, as it will return to its lofty economic value, as it was before.  From, what we know, there is a lot of issues on the table that are exchange rate oriented. This is a good sign.. imo. They are not letting the idea or the expectations  of increased value to the dinar go away.

U.S. Debt Explosion To Trigger Currency Crisis, The Fed Is 'Trapped'

David Lin:  4-9-2024

A monetary reset is underway, according to John Butler, Investment Director of Southbank Research and Matthew Piepenburg, Partner of Von Greyerz AG.

This is what it means for the world of investing.

0:00 - Intro

2:05 - Monetary reset

10:00- Debt/deficit vs. markets

 16:26 - Market valuations

 18:35 - Hyperinflation

27:26 - Monetary policy

 33:24 - Record treasury issuance

 38:30 - Long-term interest rates

 41:48 - Gold

52:55 - Southbank Research

 53:39 - Von Greyerz AG

https://www.youtube.com/watch?v=Hanm_Y4-W2Y

Goldilocks' Comments and Global Economic Tuesday Evening 4-9-24

 Goldilocks' Comments and Global Economic Tuesday Evening 4-9-24

Good Evening Dinar Recaps,

"Credit valuation adjustment is a change to the market value of derivative instruments to account for counterparty credit risk. It represents the discount to the standard derivative value that a buyer would offer after taking into account the possibility of a counterparty's default."

With so many companies and countries going into bankruptcy these days, I have to look at credit valuation adjustments in order to make some of my trades.

Foreign currency is a part of the Derivatives Market. I will know when these actual changes take place. Risk

© Goldilocks

~~~~~~~~~

"This bank, on behalf of the Ministry of Finance, will offer bonds under the name ( Injaz Bonds ) to the public starting from 4/15/2024 until 5 / 15 / 2024"

Public bonds help to build the infrastructure of a country's businesses, and they go a long way in supporting a country's currency.

Getting public involvement in increasing the value of their own currency will help Iraq maintain a sustainable economy going forward.

Public bonds like these help to establish and secure a country's Sovereignty. This is a part of the process of Iraq reclassifying their currency.

Not long ago the CBI revealed to us that it would begin March 31st, 2024. They said it would be a gradual change. I copied the article for your review again on this matter.

"Based on the of the Board of Directors of this Bank number (191) of 2003 it was decided to give the mediation companies buying and selling foreign currencies under category (C) a period of time to merge to be classified as (A) or (b) until 3-31-24."   CBI   IMF

© Goldilocks

~~~~~~~~~

"The HKMA has been researching CBDCs since 2017 to understand their benefits and potential applications. As part of the “Fintech 2025” strategy announced in 2021, the HKMA has placed increased emphasis on strengthening its research work to increase Hong Kong’s readiness in issuing CBDCs at both wholesale and retail levels."

Hong Kong is currently exploring industry standards for their digital money. They are currently on Phase 2 of HKMA's e-HKD testing initiative.

Currently, Hong Kong is in process of developing standards on their ability to exchange information through smart contract designs. A smart contract ensures money is available on both sides of a trade.

These new mechanisms and protocols include sensitive and private information that needs to be protected on the retail side of a transaction.   HKMA

© Goldilocks

~~~~~~~~~

"Bitcoin halving countdown: Crypto expert discusses opportunities and challenges" | Investing
~~~~~~~~~

Ripple CEO: Crypto market to double in size to $5 trillion in 2024 | CNBC

~~~~~~~~~

Bitcoin and Ripple. Pairing the assets together. What? Not going to zero now.  MacroAxis  AvaTrade

~~~~~~~~~

China is about to enable currency swap with 29 other countries and they will use their local currency instead of the US dollar. | Reuters

👆  Goldilocks pointed to this article

~~~~~~~~~

[I uploaded the following pds attached to this email  - If they are easily uploaded - please add otherwise just leave them off.  I added the link to the room if they want to see them. Please delete this  message] 

 Goldilocks posted 5 pdfs in their telegram room today:

1.  Final_Report_on_certain_technical_standards_under_MiCA_First_Package

https://t.me/c/1545617426/76381

👆MICA DRAFT REPORT

CLICK HERE

2. MiCA_Consultation_Paper_-_RTS_market_abuse_and_GLs_on_investor_protection_and_operational_resilience

https://t.me/c/1545617426/76383

👆MICA CONSULTATION PAPER

CLICK HERE

3. openFile.pdf

https://t.me/c/1545617426/76385

CLICK HERE

👆In line with the Group of 20 (G20) commitment to reform over-the-counter (OTC) derivatives markets, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have been working with the Government of the Hong Kong Special Administrative Region and relevant stakeholders on implementing a regulatory regime for the OTC derivatives market in Hong Kong.  OTC derivatives reporting is an important component of the OTC derivatives regulatory regime.
 
We have implemented two phases of mandatory reporting, covering OTC derivatives
transactions in five key asset classes — interest rates, foreign exchange, credit, commodities and equities. The use of Legal Entity Identifier (LEI) has also been mandated and is applicable to all entities on the reporting entity’s side of a transaction.

~~~~~~~~~

4.  20240322e3a1.pdf
https://t.me/c/1545617426/76389

CLICK HERE

👆Hong Kong is currently working on their reporting measures for their over-the-counter derivatives (OTC) Market that includes foreign currency exchanges.

© Goldilocks

~~~~~~~~~

5.  ESMA74-2119945925-1959_Feedback_statement_of_the_Call_for_evidence_on_shortening_the_settlement_cycle.pdf        https://t.me/c/1545617426/76390

CLICK HERE

👆EU shortening the settlement cycle.

~~~~~~~~~

👆The above PDFs give you an idea of how Global Regulatory guidelines are in process of being reviewed and working towards implementation by the end of May.

These drafts will be reviewed and updated for new Protocols in the Banking and Market system.

© Goldilocks

~~~~~~~~~

Treasury Secretary Janet Yellen wrapped up four-day trip to Beijing without much to show for it, acknowledging an unsure future for relations between the U.S. and China.

After a series of economic meetings, it was at least agreed that more communication would take place.

"There is much more work to do," Ms. Yellen said at a Monday news conference. "And it remains unclear what this relationship will endure in the months and years ahead."   Fox Business

~~~~~~~~~

~~~~~~~~~

UK's FCA and Bank of England launch consultation for Digital Securities Sandbox - FinTech Futures: Fintech news    Bank of England
~~~~~~~~~

What Jamie Dimon Said about Long-Term Inflation, Fed Interest Rates (“2% to 8% or even more”), and QE/QT (it’s Risky) | Wolf Street

~~~~~~~~~

TSMC to make state-of-the-art chips in US after multibillion subsidy pledge | Technology sector | The Guardian

~~~~~~~~~

Gold is rapidly becoming the World Reserve Asset.

© Goldilocks

~~~~~~~~~

Gold. Tradable foreign currencies, such as the USD or euro (EUR). Special drawing rights (SDRs) to obtain foreign exchange or reserve assets from IMF members.   Jan 8, 2024 | Investopdia

~~~~~~~~~

XRP: The best 21 minutes of your life is contained inside this video...

It just came out today. Something many of us have known for a long time.

It will change your life.  |  Youtube
~~~~~~~~~

Lummis: Crypto Will Erupt as Big Issue in U.S. Senate Races Including Banking Chair Brown's | CoinDesk

~~~~~~~~~

Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein | CoinDesk via @coindesk

~~~~~~~~~

Gold rallies to new records on worldwide tensions, central bank buying | Axios

~~~~~~~~~

Follow Goldilocks' Roadmap

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