News, Rumors and Opinions Sunday 4-14-2024
US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO
At time of publishing, the US national debt has reached $34.64 trillion.
Alex Richardson – Daily Hodl
April 12, 2024
The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054.
In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, or $141.432 trillion.
The excessive debt could threaten the dollar’s role as the reserve currency, the CBO says.
US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO
At time of publishing, the US national debt has reached $34.64 trillion.
Alex Richardson – Daily Hodl
April 12, 2024
The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054.
In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, or $141.432 trillion.
The excessive debt could threaten the dollar’s role as the reserve currency, the CBO says.
“The likelihood of other adverse outcomes would also increase. For example, expectations of higher inflation could erode confidence in the U.S. dollar as the dominant international reserve currency.”
At time of publishing, the US national debt has reached $34.64 trillion.
The CBO forecasts that rapidly growing debt will eventually push up the cost of borrowing to the point where private investment will reduce, slowing economic growth and making the lives of American workers significantly worse.
“As a result, investment in capital used for the production of goods and services, such as housing and commercial structures, decreases. That reduction in private investment would slow economic growth.
Specifically, as investment in capital declined, workers would, on average, have fewer resources to do their jobs than they would if debt was smaller and capital investment was greater.
Consequently, they would be less productive, their compensation would be lower, and they would therefore be less inclined to work. Those effects would increase over time as federal borrowing grew.”
Read full article here: https://dinarchronicles.com/2024/04/14/us-debt-to-shatter-141-trillion-as-massive-borrowing-threatens-dollars-reserve-currency-status/
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Ginger: The QFS Operates completely independently from the existing “centralized” banking and ends the “Central Banking System” that perpetuates “Debt Slavery” around the world.
• Even though it is the ultimate in design, reliability, security and safety, the roll-out process will occur over time.
• QFS operates on a Distributed Ledger Technology. It is NOT crypto currency or Blockchain technology.
• Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent.
• Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking and central banking activities will cease.
• Every sovereign currency and every bank represents a separate Ledger in QFS.
• Data on all account holders, at all banks, in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger”.
• QFS is designed for and ready to convert ALL bank accounts denominated in any Fiat currency anywhere in the world into a local asset-backed currency.
• QFS pings the originating Fiat currency bank account to ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect.
• After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.
Read full post here: https://dinarchronicles.com/2024/04/13/restored-republic-via-a-gcr-update-as-of-april-13-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man We know Al-Sudani is gearing to come to the United States on or around the 15th. Today we see he's ready to spend about a week in the Untied States. His saying about a week in the United States is a big deal because that's a long time. He's bringing...senior representatives from the Central Bank of Iraq...They're going to be talking with the United States Treasury...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is talking about our international debt going from trillions to billions... FRANK: That is the definition of lifting the three zeros...It's that simple...Going from trillions to billions - how? 'We already told you, we're lifting the three zeros from our exchange rate.' Why? 'Because we're re-denominating our currency.' How? 'By bringing out lower notes and getting rid of the three zero notes... ' Why? 'Because we suffered enough.'
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Iraqi Prime Minister Prepares for Meeting at the White House
Edu Matrix: 4-13-2024
Iraqi Prime Minister Prepares for Meeting at the White House - Progress on the Development Road Project IQD Rate Increases Against the US Dollar - Iraq has started a new military manufacturing project. See why the US may not be happy about this new project.
Unprecedented: Gold and Dollar Rip Higher Simultaneously as Japan and China Hang in the Balance
Unprecedented: Gold and Dollar Rip Higher Simultaneously as Japan and China Hang in the Balance
On April 11, 2024 By Awake-In-3D
The Global Fiat System is Undoing Itself as the Japanese Yen and Chinese Yuan Hold a Delicate Financial Dance
Fiat currency inflation keeps rising.
Central Banks are losing control while telling us “everything is resilient and robust…”
Unprecedented: Gold and Dollar Rip Higher Simultaneously as Japan and China Hang in the Balance
On April 11, 2024 By Awake-In-3D
The Global Fiat System is Undoing Itself as the Japanese Yen and Chinese Yuan Hold a Delicate Financial Dance
Fiat currency inflation keeps rising.
Central Banks are losing control while telling us “everything is resilient and robust…”
In spite of rapidly increasing U.S. dollar strength against all major global currencies, gold and silver are defying gravity and all sense of normalcy.
Meanwhile, the Japanese Yen teeters on requiring massive intervention by the government and Bank of Japan.
China is dealing with its own Yuan FX peg management and self-inflicted real estate crisis.
China may have to dump their Japanese Yen reserves and sell off significant US debt treasuries to keep their economy afloat.
We’re not in Kansas any more my dear Dorothy
The Bank of Japan (BOJ) finds itself in an increasingly precarious position, caught in a financial maelstrom of its own making.
Japan’s debt-to-GDP ratio has soared to a staggering 260%, with the central bank holding 70+ percent majority of this government debt.
This situation has placed the Japanese economy on a razor’s edge, balancing between sustaining its import trade costs and managing national inflation, all the while battling a rapidly weakening yen.
The BOJ is faced with a daunting challenge: the only apparent solution to strengthen the yen – raising interest rates – could trigger a catastrophic default on its colossal debt load.
Such a move risks not only domestic financial stability but also has far-reaching implications for global markets.
Complicating matters further is Japan’s intricate economic interdependence with China.
As China confronts its own economic turmoil, notably a massive real estate sector default that threatens to undermine 40% of its GDP, the balance between the yen and the yuan becomes critically important.
If China were to liquidate its Japanese yen reserves in an effort to stabilize its real estate market, the consequences for Japan could be dire.
Such a scenario would not only precipitate a financial collapse in Japan but could also trigger a domino effect, potentially leading to widespread economic contagion affecting the United States and Europe.This all is sounding an alarm, suggesting that the current trajectory of these intertwined economies points towards a broader collapse of the fiat currency system.
This looming financial disaster, they caution, is not a matter of if, but when.
Central Banks are anxiously, hoping for a solution that can avert a catastrophic economic downturn.
Yet, the only path forward is a complete financial and currency reset.
The race to the fiat system collapse is not a sprint … it’s a marathon.
© 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
Some "BRICS News" Saturday 4-13-2024
BRICS new Members: BRICS to Triple Its Members
Fastepo: 4-13-2024
As many of you already know, The BRICS group, initially comprising Brazil, Russia, India, China, and South Africa, expanded its membership on January 1, 2024, to include five new countries: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
This expansion is a significant step for the BRICS as it not only increases the bloc's geographical diversity and economic footprint but also enhances its strategic and geopolitical leverage.
However, the expansion of the bloc is set to continue, with additional countries queued up to join.
Several nations have expressed interest in joining the BRICS alliance, reflecting the global appeal of this economic group. You might be curious about these countries. Who are they, what can they bring to the table, and what are the implications of their membership?
BRICS new Members: BRICS to Triple Its Members
Fastepo: 4-13-2024
As many of you already know, The BRICS group, initially comprising Brazil, Russia, India, China, and South Africa, expanded its membership on January 1, 2024, to include five new countries: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
This expansion is a significant step for the BRICS as it not only increases the bloc's geographical diversity and economic footprint but also enhances its strategic and geopolitical leverage.
However, the expansion of the bloc is set to continue, with additional countries queued up to join.
Several nations have expressed interest in joining the BRICS alliance, reflecting the global appeal of this economic group. You might be curious about these countries. Who are they, what can they bring to the table, and what are the implications of their membership?
We explore these questions using the most current data available in this video.
BRICS driving gold & silver breakout? Feat. Dave Kranzler – LFTV Ep 168
Kinesis Money: 4-12-2024
In this week’s episode of Live from the Vault, Andrew Maguire is joined once more by Dave Kranzler, publisher of the popular Mining Stock Journal, to analyse drivers behind the current physically-driven gold and silver bull run.
The precious metals experts take listeners through the current drivers of short-term market movements, including the possibility of unforeseen black swan events and the now beta-tested BRICS currency.
Timestamps
00:00 Start
02:10 Gold mining stock example: Cabral Gold
06:30 Dave’s thoughts on silver
11:40 The physical market in the short-term
19:00 Silver to break out?
28:30 The gold: silver ratio
36:00 Rate cuts & commercial real estate
49:00 BRICS currency greenlighted and beta-tested
"Tidbits From TNT" Saturday 4-13-2024
TNT:
CandyKisses: Sudani leaves Baghdad for the United States
Baghdad / Nina / Saturday 13, April 2024 10:02
Prime Minister Mohammed Shia Al-Sudani left the capital Baghdad for the United States of America, at the head of a government and parliamentary delegation and representatives of the private sector, at the beginning of an official visit at the invitation of US President Joseph Biden.
TNT:
CandyKisses: Sudani leaves Baghdad for the United States
Baghdad / Nina / Saturday 13, April 2024 10:02
Prime Minister Mohammed Shia Al-Sudani left the capital Baghdad for the United States of America, at the head of a government and parliamentary delegation and representatives of the private sector, at the beginning of an official visit at the invitation of US President Joseph Biden.
Tishwash: Al-Sudani will stay in America for a week.. And Will Visit 3 States source from Baghdad and another from Washington reveal the agenda
Bankers excited to meet the Treasury
Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states.
The Iraqi government source confirmed to the 964 network that Al-Sudani will hold meetings with businessmen, and will be accompanied by Iraqi bank officials.
Informed sources said that the Iraqi bankers who obtained an American visa hope to cancel or ease sanctions on Iraqi banks, and they expect to hear something about this when they attend a meeting at the headquarters of the Ministry of the Treasury.
Politically, there is no change on the Sudanese agenda, and the political file will remain the transformation of the military mission of the American forces, within the framework of the international coalition, into a “security partnership” with Washington that includes armament and training, and the file of disputes between Baghdad and Erbil will also be on the table.
However, there has been a slight change, and Al-Sudani will discuss with Biden the possibility of an Iranian response to the bombing of Tehran's consulate in Mezze.
A source told the 964 network that Biden will clarify the red lines related to the Iranian threat against Israel.
The American press does not expect “a violent response from Iran against Israel,” and CNN said that Iran may be content with sanctions from the Security Council, while information was circulated regarding “Israel’s acceptance of an Iranian response that can be accommodated if it is limited.” link
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Tishwash: Iraq is preparing to engage in an economic alliance that brings together Türkiye, Qatar and the UAE
The Turkish Minister of Transport and Infrastructure, Abdulkadir Oraloglu, revealed on Friday a Turkish-Iraqi decision to establish a joint mechanism similar to the “Ministerial Council” to follow up on the “Development Road” project.
Oraloglu said in a statement that the visit that President Recep Tayyip Erdogan plans to make to Baghdad at the end of this month will address issues that will enhance cooperation between the two countries in the “development roads” project.
The "Development Road" is an economic project that aims to connect Iraq with Turkey via land roads and railways, with the aim of transporting goods between Europe and the Gulf countries.
Oraloglu pointed out that important steps were taken during the past year regarding the "development path" and that ministerial negotiations were held between the two countries to develop cooperation.
He stated that, in this regard, Ankara hosted technical talks under the supervision of the Ministry of Transport and Infrastructure, with the participation of representatives from the Turkish Ministries of Foreign Affairs and Trade, and an Iraqi delegation, including representatives from the Prime Minister, the Ministry of Transport, and the General Authority of Customs.
He added: "As a result of our regular meetings with Iraq, we decided to establish a mechanism similar to the ministerial council between the two countries."
Oraloglu pointed out that he recently held talks with his Iraqi counterpart, Razak Muhaibas Al-Saadawi, during which they agreed to begin establishing a mechanism similar to the existing ministerial councils between Turkey, Hungary, and Serbia.
He explained that they are waiting for the participation of the United Arab Emirates and Qatar, along with Türkiye and Iraq, in the Ministerial Council. link
Tishwash: Prime Minister: The visit to Washington comes at a delicate and sensitive circumstance and aims to activate the Strategic Framework Agreement
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that his visit to Washington comes at a delicate and sensitive circumstance at the level of bilateral relations and the situation of the region.
The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA): “Prime Minister Muhammad Shia’ al-Sudani made a press statement before his departure for the United States of America, this Saturday morning, in which he confirmed that this visit comes in a delicate and sensitive circumstance at the level of Relations with the United States of America, as well as the level of conditions in the region and the crimes taking place in the Palestinian territories against innocent people, as well as fears of the expansion of the scope of the conflict.”
Al-Sudani stated, “The goal of the visit is to move relations with the United States to a new stage that includes activating the provisions of the Strategic Framework Agreement, which is in line with our government’s program, which focuses on economic and financial reforms and other important fields, as well as productive partnerships with various countries of the world.”
He stressed that "the meeting with President Biden will discuss the circumstances of the region and the escalation it is witnessing, and the joint role in working to calm the situation and prevent the conflict from expanding in a way that affects overall stability in the world. The meeting will also review the work of the Supreme Military Committee between Iraq and the international coalition, which aims to reach an agenda." "A timetable to end the coalition's mission and move to bilateral relations with the countries participating in the coalition."
He pointed out to the Prime Minister that "the visit will witness meetings with the US Secretaries of State, Defense and Treasury, as well as the National Security Advisor, the US Chamber of Commerce and senior officials in oil and industrial companies."
He reiterated that "the visit carries the desire to build a sustainable strategic partnership, based on mutual respect, and to preserve Iraq's security, sovereignty, and territorial integrity."
The statement explained that "the Prime Minister is accompanied on his official visit to Washington by a government and parliamentary delegation that includes a number of ministers, members of the House of Representatives, and advisors, in addition to representatives from the private sector, including businessmen and industrialists specialized in various sectors, where he will hold extensive discussions with American officials regarding bilateral relations." "And to discuss a group of economic, financial, commercial and security files, as well as files related to education, culture and others. The visit also includes the signing of a number of investment contracts with major American companies."
The statement continued, "The visit will witness the holding of the first meeting of the joint Higher Coordination Committee ( HCC ), with the aim of continuing to activate the strategic framework agreement, in the axes of energy, banking and financial cooperation, transportation, combating corruption, recovering Iraqi funds, and the business sector, in addition to education and culture." link
Mot: .. the challenge when ur single until you ~~~~~
Mot: the Never Ending ""Relationship Tips"" frum ole ""Mot"" of course!
News, Rumors and Opinions Saturday AM 4-13-2024
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. 13 April 2024
Compiled Sat. 13 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 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/
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. 13 April 2024
Compiled Sat. 13 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 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/
Thurs. 11 April Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#: “Yesterday (Wed. 10 April) a Source indicated that the window to receive notification for Tier4b (us, the Internet Group) was between now and Mon. 15 April. A Bond Paymaster said that the Military would give the Green Light to the USA Treasury to release the email notification from Wells Fargo. I think we can expect release overnight Sun. 14 April to Mon. morning 15 April.
Thurs. 11 April Wolverine: “Get ready, it’s going down. The Military is in charge of the release of our emails and will give green light to the new USA Treasury for release. Sunday night into Monday the 15th for Notifications is what a few people believe. Bruce believes it will be on Monday, the 15th. It’s active, guys. 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.”
Fri. 12 April TNT Tony: “We are here and ready to go. The good news is that every single contact today said, “This is it. This is the final weekend.” All three letter agencies saying it is done. We will see it over this weekend. The weekend starting at four pm EDT today. Banks are ready. They have been notified. There is nothing in the news in Iraq about the rate today. Don’t do anything till Tues. They want to extend EID through Tues. Asked the government to extend on all social media. No bad news, guys. Everybody in Washington said it’s done (Not going to be done, but it’s done). Should be an announcement over the weekend. The only thing I can see that would stop it depends on what Iran does and when they do it. …I’m feeling good about this with everyone saying we are done. The last meeting has occurred. Should see whole thing over the weekend. They did give me a date. Don’t want you holding your breath. Watch for text and email.”
Fri. 12 April MarkZ: “I think it more likely to happen toward the tail end of the 22nd to see our new rate. But Iraqi contacts think Sudani is going to announce it in Iraq before he heads to the US on the 15th…. I hope they are right and I am wrong.”
Fri. 12 April Banker: “While I am not at liberty to discuss actual particulars, I do wish to relay that very positive events are occurring to our ultimate benefit, with this weekend being of particular importance. Word from Europe, yet unconfirmed, was that major groups were exchanging in the US starting today Fri. 12 April. I received a heads up from Hong Kong, London and my banker…Things are looking very positive at this point in time. Those holding ZIM will have a 10 day window to redeem.”
Fri. 12 April Bank of Baghdad Joins KRGS Financial Initiative: https://www.iraq-businessnews.com/2024/04/12/bank-of-baghdad-joins-krgs-financial-inclusion-initiative/
Thurs. 11 April: Breaking Chains: Charlie Ward Unveils Quantum Financial System (QFS) to End Debt Slavery and Empower Global Finance – American Media Group (amg-news.com) The new Quantum Financial System (QFS) knows no boundaries, extending its reach to all corners of the globe. In March 2017, data on account holders from 209 participating countries was seamlessly integrated into the system, creating a truly global network of financial interconnectedness.
Global Financial Crisis:
Unprecedented: Gold and Dollar Rip Higher Simultaneously as Japan and China Currencies Hang in the Balance. The Global Fiat System is Undoing Itself as the Japanese Yen and Chinese Yuan Hold a Delicate Financial Dance. https://ai3d.blog/unprecedented-gold-and-dollar-rip-higher-simultaneously-as-japan-and-china-hang-in-the-balance/
Read full post here: https://dinarchronicles.com/2024/04/13/restored-republic-via-a-gcr-update-as-of-april-13-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article Quote: “Approximately 1,000 ATMs will be installed across all provinces, districts, and areas of the Kurdistan Region of Iraq (KRG) by the end of 2024” We have been told years ago that the ATMs are pivotal to the Project to Delete the Zeros... good news!
Breitling The dinar is real. The opportunity is real. I know you have to have an atomic, almost God like patience. I'm just like everybody else, can't wait for them to add value to it. But it is real. I think people who stick with it are going to benefit from it, 100%. It is real and it will come.
COLLAPSE & NEW MONETARY ORDER INCOMING -- Andy Schectman
SGT Report: 4-12-2024
https://www.bitchute.com/video/OzO1ZNl9UEtM/
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Rafi Farber: We're Rounding the Corner to the End Game Sprint
Arcadia Economics: 4-12-2024
Day after day, gold reaches new highs. Silver, just crossing $29, is only now starting to catch up. The miners are still extremely cheap relative to the price of the precious metals that they mine, so while this rally in mining stacks has been nice, it is not that impressive. But it will be.
Once silver crosses $30, Rafi Farber thinks we'll be back in 1979, when the dollar almost collapsed last time. This time, though, it won't be almost. It will just be.
That's because 93% of the value of the dollar is backed by debt that is quickly losing value as interest rates rise.
That means, if they hike, the dollar falls. If they cut, the dollar falls. Logically, there can be no other possibility. To find out more, click to watch the video now! –
Goldilocks' Comments and Global Economic News Friday Evening 4-12-24
Goldilocks' Comments and Global Economic News Friday Evening 4-12-24
Good evening Dinar Recaps,
Reserve Bank of India Announcement:
India's recent rollout of their Unified Payments Interface (UPI) service this year has been revealing some gaps in their Forex Market.
To fix this issue, a new rule was placed on the Indian Rupee causing concerns through speculators on the price of its value. And,
The RBI is working on:
* Unauthorised FX platforms
* Inadequate price transparency
* Access to government securities
* Encouraging more global participation by Indian players.
The Reserve Bank of India is in process of reforms that will help bridge some of these gaps in the Retail Market. Several countries around the world utilize the service in foreign currency exchange, and the revamping of their service will help it move more smoothly with more accuracy. Inc42 Livemint
© Goldilocks
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Goldilocks' Comments and Global Economic News Friday Evening 4-12-24
Good evening Dinar Recaps,
Reserve Bank of India Announcement:
India's recent rollout of their Unified Payments Interface (UPI) service this year has been revealing some gaps in their Forex Market.
To fix this issue, a new rule was placed on the Indian Rupee causing concerns through speculators on the price of its value. And,
The RBI is working on:
* Unauthorised FX platforms
* Inadequate price transparency
* Access to government securities
* Encouraging more global participation by Indian players.
The Reserve Bank of India is in process of reforms that will help bridge some of these gaps in the Retail Market. Several countries around the world utilize the service in foreign currency exchange, and the revamping of their service will help it move more smoothly with more accuracy. Inc42 Livemint
© Goldilocks
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Can Ripple's XRP Be a Gold-Backed Stablecoin? Black Swan Capitalist Predicts | Binance
As you can see from this chart, Stablecoins in different countries have different names that define and reference their use because of them.
The BIS is calling on countries to come up with a similar reference point that will bring into alignment their ability to trade with one another. How these countries' digital coins, that represent their currency, will help in the measurement of their worth in trade going forward.
These measures include:
* licensing
* reserve asset management
* redemption rights
* capital adequacy
* consumer protection, governance
* risk management
* cyber security
* anti-money laundering
Basically, the BIS is asking countries to come up with a "Mission Statement." A mission statement will help these countries have a common goal and purpose for their existence. It will help to define their culture, goals, and values. BIS
© Goldilocks
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"CHINA MAINLAND OPENS UP REPO MARKET TO MORE OFFSHORE INVESTORS"
A Repo Market is the ability to secure a loan and repay it the next day with interest building capital for the investor who place bids on these assets in the Chinese Market.
China is beginning to open their Market to offshore accounts desiring to trade with them. Many traders are seizing this opportunity with China's connection to the BRICS Nations and their continued desire to support their economy by gold.
These actions make their Market an appealing place to trade due to a growing return on investment that used to not be in play making their markets appealing to Global Investors. Regulation Asia Investopedia KWN
© Goldilocks
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The demand for fossil fuel is waning as the demand for silver is beginning to rise. Solar power and electric vehicles will be the driving force on the price of silver going forward.
Silver is used to prop up the banking system, and we now have silver shorts taking place that will begin to eat up its profits on this monetary metal.
The transition into renewable energy has begun. Many energy reforms have been in process these last few years with oil and solar power.
Look for a bull run in the commodity sector of our Market to begin moving our economy forward at any moment. Some would say that it has already begun, but you have not seen anything yet. Economic Times FX Street
© Goldilocks
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Silver price cannot be capped! | Youtube
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MESSAGE FROM SAM OLIVER ON SILVER
MP3 AUDIO
Recording Attached below-
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Gold on the Blockchain? Russia’s Surprise Move! | Youtube
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Dfinity Foundation Launches Onchain Accelerator Platform – Blockchain Bitcoin News
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Stablecoins Seeing Adoption Cross-Border Settlement Mechanism | Bitcoin World
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Prudential Regulation Authority Business Plan 2024/25 | Bank of England
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More News, Rumors and Opinions Friday PM 4-12-2024
KTFA:
Clare: Adviser to the Prime Minister: Activating the Strategic Framework Agreement tops the agenda of Sudanese’s visit to Washington
4/12/2024
Fadi Al-Shammari, political advisor to the Prime Minister, confirmed that the upcoming visit of Prime Minister Muhammad Shia Al-Sudani to the United States of America will define the relationship between Baghdad and Washington.
Al-Shammari suggested, in a press statement today, Friday, that “the Prime Minister will place the activation of the framework agreement at the top of the visit’s agenda, in order to achieve enhanced cooperation and coordination with the United States, and activate the terms of the agreement between the two countries, especially in the areas of development, economy, investment, education, technology, artificial intelligence, and climate.”
KTFA:
Clare: Adviser to the Prime Minister: Activating the Strategic Framework Agreement tops the agenda of Sudanese’s visit to Washington
4/12/2024
Fadi Al-Shammari, political advisor to the Prime Minister, confirmed that the upcoming visit of Prime Minister Muhammad Shia Al-Sudani to the United States of America will define the relationship between Baghdad and Washington.
Al-Shammari suggested, in a press statement today, Friday, that “the Prime Minister will place the activation of the framework agreement at the top of the visit’s agenda, in order to achieve enhanced cooperation and coordination with the United States, and activate the terms of the agreement between the two countries, especially in the areas of development, economy, investment, education, technology, artificial intelligence, and climate.”
He added, "The Sudanese seeks to deal with the files in a way that restores balance, strengthens the partnership, matures the relationship between the two countries and defines the nature, identity and nature of the joint relations, by establishing the factors of joint commitment and focusing on the main aspects of the strategic framework agreement, as well as the joint political, security and military files." LINK
TrevorL: Good morning to everyone on this Journey. Based on Frank's Version/vision of where we are, there isn't anything left to do but be ready. IMO, I also believe this to be true for the most part. With potentially one hiccup!!
If we get to 4/15 and the meeting with Sudani and Biden comes without a new Currency value then I believe, IMO, that this is a good old fashioned Mexican standoff. The current articles (most of them) all talk about what the meeting is going to be about, we all have our Opinions on this.
The Strategic Framework Agreement and Currency reform. Could it be that this meeting is to horse trade one for the other, Sudani says I will give you America a new very good rate and you give Me (Iraqi) a favorable Agreement that I can take home to apiece all factions (meaning when are you getting the hell out of our Country). Just food for thought while we wait for our blessing.
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Clare: Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects
4/12/2024
Prime Minister, Muhammad Shiaa Al-Sudani, called on American companies to work inside Iraq.
Al-Sudani said, the current stability in Iraq should encourage American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transportation, and others.
He added that it is also important that we combat corruption, which is the other side of terrorism, as its impact is no less devastating, and that we work to ensure that the people’s money is directed towards valuable goals, and that it is also imperative that we work to diversify our economy away from dependence on oil, even while we benefit from it. From our position as the second largest oil exporting country in OPEC (in addition to our possession of large reserves of natural gas)
Al-Sudani stated, “Our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors,” adding that “the strategic framework agreement established the legal basis for these activities, and that by investing in them, it will enable us to put Iraq in a position that helps it strengthen Its democracy, strengthening the state, and strengthening the rule of law, are the pillars that will allow us to restore Iraq to its historical brilliance.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Iraq is a sovereign nation now with a sovereign currency. Therefore IMO Sudani goes to Washington to deal with Monetary Reform and banking advancement...Billions and billions are retuning to Iraq. It's an incredible amount of money that's coming back. It'll [DFI?] probably come back to them now or after the 15th when Sudani comes back.
Pimpy There still seems to be some major confusion about what a real effective exchange rate is versus an actual nominal exchange rate...A Real Effective Exchange Rate is for assessing its trade capabilities...an increase in the nations REER is an indication that the exports are becoming more expensive and its imports are becoming cheaper. It is losing its trade competitiveness. So the REER is used to check out its competitiveness with other trade partners. That's it...It's not the same thing as a nominal exchange rate...
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. https://www.worldbank.org/en/meetings/splash/spring/schedule
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BRICS members: Will Indonesia Join China or the USA?
Fastepo: 4-12-2024
Indonesia’s strategic maritime position connecting the Indian and Pacific Oceans makes it a key player in global geopolitics, heavily courted by both the United States and China.
The country has strengthened its ties with the U.S. through a Comprehensive Strategic Partnership, focusing on defense, economic growth, and environmental projects like the Just Energy Transition Partnership.
Despite these closer ties with the U.S., Indonesia maintains a cautious approach to the BRICS bloc, which includes China and Russia, due to potential geopolitical tensions and the unclear economic benefits of membership.
This careful balancing reflects Indonesia’s broader policy of non-alignment, aiming to maximize its strategic autonomy without overly committing to any major global power. In this video, we will explore Indonesia’s relationships with the USA and BRICS and analyze their potential impacts on global geopolitical tensions.
Simon Hunt: Will the Dollar or Bond Market Be Sacrificed First in the Next Crisis?
Simon Hunt: Will the Dollar or Bond Market Be Sacrificed First in the Next Crisis?
Palisades Gold Radio: 4-11-2024
Tom welcomes back Simon Hunt to the show. They discuss various economic and geopolitical issues shaping the global landscape. Topics range from potential conflicts and their impact on markets to the shift towards physical assets and a gold-backed monetary system.
Simon touches upon underreported inflation, economic instability in America, China's role in reshaping the global economy, potential crisis scenarios, and the importance of diplomacy versus war.
Simon is concerned about the risk of conflicts escalating, with Russia as a key player, and the emergence of gold-backed currencies to counteract perceived vulnerabilities in fiat currencies.
Simon Hunt: Will the Dollar or Bond Market Be Sacrificed First in the Next Crisis?
Palisades Gold Radio: 4-11-2024
Tom welcomes back Simon Hunt to the show. They discuss various economic and geopolitical issues shaping the global landscape. Topics range from potential conflicts and their impact on markets to the shift towards physical assets and a gold-backed monetary system.
Simon touches upon underreported inflation, economic instability in America, China's role in reshaping the global economy, potential crisis scenarios, and the importance of diplomacy versus war.
Simon is concerned about the risk of conflicts escalating, with Russia as a key player, and the emergence of gold-backed currencies to counteract perceived vulnerabilities in fiat currencies.
Additionally, they discuss the significance of rising interest rates, potential crises, and implications for U.S. elections and global geopolitical outcomes.
Throughout, Simon encourages caution and emphasizes the importance of understanding the underlying economic trends and geopolitical dynamics.
Time Stamp References:
0:00 - Introduction
0:46 - The World & War
5:38 - Equity Complacency
7:02 - Russia & Syria
9:17 - Economic Catalysts
14:32 - Serious Correction
18:18 - Leveraged Bank System
19:24 - Capital Shifts & China
22:57 - Gold Backed Currency
29:26 - Dollar & Rates
30:53 - Chinese Demographics
33:50 - China's Manufacturing
37:40 - Nuclear Energy
39:31 - China Debt
42:32 - Chasing Rainbows
44:30 - Europe In Recession
48:15 - Inflation Issues
52:25 - Expect More Unknowns
53:35 - Wrap Up
Talking Points From This Episode
- Geopolitical tensions could lead to significant market shocks in equity and base metal markets before mid-year due to underreported inflation and weak economic activity.
- Shift towards gold-backed currencies is inevitable as countries seek alternatives to perceived vulnerabilities in fiat currencies, with China and Russia likely taking a leading role.
- Diplomacy could prevent war, but tensions between the US and countries like Russia suggest that war may be an outcome if Washington continues to support the dollar at the expense of its treasury market.
"Tidbits From TNT" Friday 4-12-2024
TNT:
Tishwash: Before the start of the new working hours and the timing system was disrupted...demands to extend the Eid holiday
Today, Thursday (April 11, 2024), a number of citizens called on Prime Minister Muhammad Shiaa al-Sudani to extend the Eid al-Fitr holiday to next Tuesday instead of Saturday, as it is an exceptional holiday for several reasons, including the coincidence that the date of the holiday coincides between the sects, as well as the start of the holiday. Implementing the new appointment system for ministries and institutions.
"Baghdad Today" monitored a group of appeals on social media sites demanding that the Eid al-Fitr holiday be extended to next Tuesday, while the government set the Eid holiday from last Tuesday, April 9, until Saturday, April 13, provided that official working hours will resume in government institutions. All, on Sunday, April 14, 2024.
TNT:
Tishwash: Before the start of the new working hours and the timing system was disrupted...demands to extend the Eid holiday
Today, Thursday (April 11, 2024), a number of citizens called on Prime Minister Muhammad Shiaa al-Sudani to extend the Eid al-Fitr holiday to next Tuesday instead of Saturday, as it is an exceptional holiday for several reasons, including the coincidence that the date of the holiday coincides between the sects, as well as the start of the holiday. Implementing the new appointment system for ministries and institutions.
"Baghdad Today" monitored a group of appeals on social media sites demanding that the Eid al-Fitr holiday be extended to next Tuesday, while the government set the Eid holiday from last Tuesday, April 9, until Saturday, April 13, provided that official working hours will resume in government institutions. All, on Sunday, April 14, 2024.
It is hoped that all government departments and institutions will begin new working hours after the end of the Eid holiday, as the working hours of government departments and ministries in the Green Zone will be from seven to two in the afternoon.
The departments of education, interior, defense, and health will be from eight to three in the afternoon, and higher education, transportation, trade, and housing will be from nine in the morning to four in the afternoon.
As for universities and colleges, the working hours will be from ten in the morning until five in the afternoon. The decision will begin to be implemented experimentally after the Eid and for a period of 3 months. link
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CandyKisses: Al-Sudani says his meeting with Biden is “an opportunity to put the partnership between the two countries on a new basis.”
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani considered, on Thursday, the meeting that he will have with President Joe Biden during his upcoming visit to the United States of America in mid-April “will be an opportunity to put the American-Iraqi partnership on a new and more sustainable basis.”
This was stated in an article published in “Farn Affairs” magazine, today’s issue.
“Our discussions will emphasize the continuing importance of our economic relations, cooperation in combating money laundering and terrorist financing, and the use of political and diplomatic tools to defuse regional tensions,” he wrote in his article.
He added, "The war against terrorism will remain a central topic for our governments," adding, "We recognize and appreciate the critical role played by the United States and other members of the international coalition to combat ISIS in defeating terrorism."
Al-Sudani added: This support has helped Iraq achieve stability, make great strides on the path to democracy, the rule of law, and ensure the government’s monopoly on the use of force.
He continued, "The time is right for our relationship to become broader, while recognizing the growing capabilities of our forces to defend Iraq and ensure the safety of its citizens - and to contribute in essential ways to building a prosperous and stable Iraq."
The Iraqi Prime Minister concluded his article by saying that the relationship “in its new form, our partnership can represent a source of mutual benefit for both our countries, and a driving force for achieving stability in the Middle East.”
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Tishwash: Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects
Prime Minister, Muhammad Shiaa Al-Sudani, called on American companies to work inside Iraq.
Al-Sudani said, the current stability in Iraq should encourage American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transportation, and others.
He added that it is also important that we combat corruption, which is the other side of terrorism, as its impact is no less devastating, and that we work to ensure that the people’s money is directed towards valuable goals, and that it is also imperative that we work to diversify our economy away from dependence on oil, even while we benefit from it. From our position as the second largest oil exporting country in OPEC (in addition to our possession of large reserves of natural gas)
Al-Sudani stated, “Our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors,” adding that “the strategic framework agreement established the legal basis for these activities, and that by investing in them, it will enable us to put Iraq in a position that helps it strengthen Its democracy, strengthening the state, and strengthening the rule of law, are the pillars that will allow us to restore Iraq to its historical brilliance link
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CandyKisses: Iraq imports $70 billion last year from 11 countries
Baghdad - Iraq Today:
The "Iraq of the Future" Foundation for Economic Studies and Consultations announced that the country imported goods with a financial value of about 70 billion US dollars from 11 countries during the year 2023.
The institution said in a report published that it was based on the data of official customs authorities issued by the "most important" countries exporting various goods to Iraq, which are 11 countries.
The 11 countries are: UAE, China, Turkey, India, USA, Saudi Arabia, Brazil, South Korea, Germany, Japan and Iran.
According to the report, the total official imports of Iraq from these countries only in 2023 amounted to 67.25 billion US dollars, an increase of 6% compared to 2022, where the value of those countries' exports to Iraq was 63.5 billion US dollars.
The report also indicated that the exports of countries to Iraq except Iran amounted to 58 billion US dollars, up by 2.8% compared to 2022, which was 56 billion US dollars.
The Foundation expected that the exports of other countries not mentioned in the report to Iraq will be worth 3-5 billion US dollars, and therefore the total exports of countries to Iraq in 2023 will be worth 71 billion US dollars.
The report noted that these imports, with the exception of Iran's imports, need a daily purchase rate of hard currency of about 206 million US dollars, and if imports of services are added, which include (purchase of software, purchase of licenses, electronic services, etc.), which there is no clear statistics on their value, it is expected that the need today for dollars for external transfer (except for imports of Iran) reaches 225 million US dollars to cover all of Iraq's needs of dollars for trade purposes only.
Mot: Tired! -- I Really Dids!!
Mot: ... Yeppers... its Windy!! ~~~~~
News, Rumors and Opinions Friday AM 4-12-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 12 April 2024
Compiled Fri. 12 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 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/
It was rumored that Tier 3 Fines, Sanctions, Farm Claims, CMKX payments and Bond Holders started Fri. 5 April.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 12 April 2024
Compiled Fri. 12 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 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/
It was rumored that Tier 3 Fines, Sanctions, Farm Claims, CMKX payments and Bond Holders started Fri. 5 April.
Thurs. 11 April Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:
“Yesterday (Wed. 10 April) a Source indicated that the window to receive notification for Tier4b (us, the Internet Group) was between now and Mon. 15 April. A Bond Paymaster said that the Military would give the Green Light to the USA Treasury to release the email notification from Wells Fargo. I think we can expect release overnight Sun. 14 April to Mon. morning 15 April.
Thurs. 11 April Wolverine: Military is in charge now of the release of our emails and will give green light to Treasury for Release. Sunday night into Monday the 15th for Notifications is what a few people believe. Bruce believes it will be on Monday, the 15th. It’s active, guys. 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 New York banks were told announcement of the Global Currency Reset would happen by Mon. 15 April, most believe that General Public announcement will be on Sun, 21 April or Mon 22 April.
GESARA/NESARA Quantum Financial System Reset: https://amg-news.com/gesara-nesara-qfs-global-financial-reset-everything-is-changing-its-time-to-trust-the-plan/
BRICS Plan to Redefine Global Economics: https://amg-news.com/the-brics-plan-to-redefine-global-economic-power-commodities-vs-financial-assets/
Elites Black Rock SWIFT System Secrets of Crypto Currencies: https://amg-news.com/swift-system-secrets-taylor-swift-cryptocurrencies-black-rock-and-the-elites-grand-plan/
Global Financial Crisis:
Thurs. 11 April Kim Dotcom @KimDotcom: We are approaching the main event. The collapse of the American empire. Great discharge of US debt around the world. US government bonds are now a toxic asset. Gold is up 30% in 6 months. The only thing left for them is to print money. The Ponzi scheme is over. Expect skyrocketing inflation and a massive crash.
The US stock market is headed for a crash, despite the rallying S&P 500: https://www.rt.com/business/595764-us-stock-market-crash/
China has been buying more gold than any other nation since 2020, with India in second place. Both nations are part of the BRICS coalition looking to ditch the dollar for international trade.
Sweden has scrapped the UN 2030 Agenda designed to completely control peoples of the World and has abandoned the Deep State Cabal’s cashless society non-asset-backed digital financial system. No one wants to be part of a sinking ship.
Key inflation data was leaked to the Deep State Cabal’s BlackRock and JP Morgan by the Bureau of Labor Statistics, allowing their traders to make market moving bets – Bloomberg and NYT.
What would you do if your bank said you can’t withdraw YOUR money? That’s why it’s SO important to be prepared. You think it will never happen here? It’s happening NOW in Australia! https://twitter.com/WallStreetSilv/status/1778168824484823119?t=FpqWIQUrudbN-0oad4pjDA&s=19
Read full post here: https://dinarchronicles.com/2024/04/12/restored-republic-via-a-gcr-update-as-of-april-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram In Zimbabwe, the new currency, Zimbabwe Gold (ZIG) will be circulated alongside foreign currencies. Banks have to convert their current Zimbabwean dollar balances into the new Ziggy currency which will go into effect immediately. People have 21 days to exchange their old notes and coins for new ones. It is expected the new currency will have a profound on inflation...The new currency is anchored by a composite basket of foreign currency and precious metals, mainly gold...The ZIG has denominations between 1 and 200.
Pimpy I read this book [Quest For Good Money]...I kept playing with the numbers, reading my ass off...This is the formula they use [to determine the exchange rate]...The person that wrote the book said if they can get their inflation down, at it is down,...and they can catch up to their dinar price parity...it should be at the pre-war rate...which is over $3.00. So I did the formula based on all the information they gave me, it came out to $3.56...I said wow, that's going to be phenomenal...that is worth getting excited about...The study does tell you that there's no reason Iraq can't be the most valuable currency out there...The question is always going to be whether they re-denominate or not.
What the Government Isn't Telling You About Inflation with Danielle DiMartino Booth
ITM Trading: 4-11-2024
Join Danielle DiMartino Booth as she delves into the complexities of inflation. Discover the forces that shape our economy, from Federal Reserve strategies to unprecedented government spending.
With Danielle's clear insights, understand how these factors influence your daily life and financial future.
CHAPTERS:
0:00 Danielle DiMartino Booth
2:14 Pandemic
4:20 Transmission Mechanism
9:00 Disinflationary Forces
14:40 Consumer Spending
17:50 Wage Disinflation
20:19 Rate of Inflation
22:52 Truflation
23:53 AI Substitution Factor
Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset? Awake-In-3D
Monetary Revolution: The Fed Considers Ditching Fiat Currency For Gold
On April 7, 2024 By Awake-In-3D
Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset?
An unbelievable financial report was recently released outlining mathematically modeled scenarios for moving from Fiat to Gold financial systems.
I couldn’t believe my eyes when I read this Philadelphia Federal Reserve Bank’s February 2024 analysis and Working Paper.
The Fed, a principal overlord of modern fiat debt currency finance, is seriously contemplating a move that seems straight out of history books: bringing back a gold-backed currency for the United States and the global financial system.
Monetary Revolution: The Fed Considers Ditching Fiat Currency For Gold
On April 7, 2024 By Awake-In-3D
Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset?
An unbelievable financial report was recently released outlining mathematically modeled scenarios for moving from Fiat to Gold financial systems.
I couldn’t believe my eyes when I read this Philadelphia Federal Reserve Bank’s February 2024 analysis and Working Paper.
The Fed, a principal overlord of modern fiat debt currency finance, is seriously contemplating a move that seems straight out of history books: bringing back a gold-backed currency for the United States and the global financial system.
How does an economy behave in a historical environment where gold is the international monetary standard? We find that key features of this monetary system are long-run price stability and the nonneutrality of money in the short run. The Philadelphia Federal Reserve Bank Working Paper. February 2024
This isn’t a drill or a speculative thought experiment.
Given the dire predictions for our current fiat currency system, which is not backed by physical commodities and is on a crash course toward certain failure, this old-school idea suddenly makes all the sense in the world.
About the Philadelphia FED’s Surprising Working Paper
In a groundbreaking analysis released by the Philadelphia Federal Reserve Bank in February 2024, a compelling case is made for a significant pivot in the United States’ monetary strategy: the return to a gold-backed currency system.
This detailed examination, rooted in meticulously crafted economic modeling and historical insights, raises critical questions about the sustainability of the current fiat currency system.
The Federal Reserve’s exploration into this territory is not merely an academic exercise but a profound indication of the serious considerations at play to avert a financial system collapse that everyone knows is “mathematically certain and inescapable.”
The study, while complex, digs deeply into the foundational principles of the gold standard, underlining how such a system historically ensured long-term price stability and economic equilibrium.
In essence, the gold standard acts as a self-regulating mechanism for the money supply, linking the issuance of currency directly to gold reserves. This link curtails the propensity for unchecked money printing, a critical flaw in fiat systems that often leads to inflation or worse, hyperinflation.
Understanding the Gold Standard
Allow me to break down what this all means.
The gold standard is a monetary system where a country’s currency has a direct link to gold. So, if you have paper money notes, you can exchange it for a certain amount of gold.
Historically, this system kept economies stable because it prevented governments from printing money willy-nilly, which can lead to inflation or even hyperinflation.
The Fed’s report points out that with a gold standard, we’d likely see a more stable long-term economy, with fewer sudden spikes or drops in prices.
Why This Matters Now
You might wonder, why consider this now? The Fed’s analysis shines a light on three big reasons:
Long-term Price Stability: Gold ties the hands of those who print money, ensuring that over time, prices don’t wildly fluctuate. Think of it as a financial thermostat that keeps the economy at a comfortable temperature.
Money That Means Something: Right now, if the economy starts to falter, the government can just decide to print more money. Under a gold standard, this wouldn’t be as easy. Money would have real value tied to something physical, and as a result, its impact on the economy would be more predictable and steady.
Protection from Economic Storms: The world economy is a complex web of trade and investment. The Fed believes that linking money to gold could act as a buffer against sudden shocks from abroad that can send our economy into a tailspin.
The Challenge Ahead
However, don’t think transitioning back to gold would be easy. It would require a delicate restructuring of international trade, balancing how much gold comes in and goes out of the country.
The Fed’s report is clear-eyed about these challenges. It talks about the need for careful policy planning and international cooperation to manage these complex dynamics effectively.
The very fact that the Fed is even considering this move is a wake-up call. It signals a profound concern about the sustainability of our current financial system.
This isn’t about looking backward with nostalgia. It’s suggests a forward-thinking strategy aimed at preventing a total economic collapse.
View the FED’s working papers in full here:
https://www.philadelphiafed.org/the-economy/macroeconomics/a-model-of-the-gold-standard
https://www.philadelphiafed.org/the-economy/macroeconomics/the-undoing-of-the-gold-standard
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