Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Saturday PM 4-20-2024

TNT:

CandyKisses:  Fourth, Arab.. Iraq’s reserves of gold {137.7} tons

{Economic: Euphrates News} The former director of Dwan Financial Supervision, Salah Nouri, revealed today, Saturday, Iraq's gold reserves.

Nouri {Euphrat News} said that: "The gold reserve of the Central Bank of Iraq is up to {137.7} tons and comes in fourth place in the Arab world according to the statistics of the World Gold Council based in London."

He pointed out that "we do not have accurate information about the amount of gold reserves in the Central Bank of Iraq, in general, the Central Bank should diversify investments between US government bonds and investment in gold."

On the most prominent things of the US magazine Forbes magazine about the reasons for the rise in gold prices globally, Nouri explained that "the high demand for gold by Chinese investors and your universe is to hedge against economic instability that affects investment in stocks and bonds."

TNT:

CandyKisses:  Fourth, Arab.. Iraq’s reserves of gold {137.7} tons

{Economic: Euphrates News} The former director of Dwan Financial Supervision, Salah Nouri, revealed today, Saturday, Iraq's gold reserves.

Nouri {Euphrat News} said that: "The gold reserve of the Central Bank of Iraq is up to {137.7} tons and comes in fourth place in the Arab world according to the statistics of the World Gold Council based in London."

He pointed out that "we do not have accurate information about the amount of gold reserves in the Central Bank of Iraq, in general, the Central Bank should diversify investments between US government bonds and investment in gold."

On the most prominent things of the US magazine Forbes magazine about the reasons for the rise in gold prices globally, Nouri explained that "the high demand for gold by Chinese investors and your universe is to hedge against economic instability that affects investment in stocks and bonds."

 “There are also concerns about lowers interest rates on investment in U.S. government bonds, which has led to investing in gold as a safe haven,” he added.

Nouri concluded by "the geopolitical reasons for the Russian-Ukrakranian war and the war on the people of Gaza by the Zionist entity are all reasons that pushed the rise in gold prices globally."

Gold prices rose on Friday due to risk absilitance in financial markets.
By 04:29 GMT, gold in spot transactions had risen 0.3% to $2386.05 an ounce after jumping briefly to $2417.59 earlier in the session, hoving near an all-time high of $2431.29 it recorded last Friday.

***********

Tishwash:  Sudanese Advisor: The next meetings with the American side will be held in Baghdad

The Prime Minister's Advisor for Transport Affairs, Nasser Al-Asadi, confirmed today, Saturday, the formation of joint committees to exchange dialogue points. He indicated that the upcoming meetings with the American side will be held in Baghdad . 

Al-Asadi said in a statement to the official media, followed by “Mail,” that “the meetings held in Washington witnessed the activation of the framework agreement between Iraq and the United States, especially in the areas of education, transportation, health, human rights, the role of women, strategic relations between Iraq and the United States, and the relationship of American financing funds with the Central Bank.” Al-Iraqi, indicating that “the meetings were fruitful and we produced important results .” 

He added: “Specialized committees have been formed between the United States and Iraq to exchange dialogue points,” pointing out that “the next meetings will be in Baghdad to begin implementing the mechanisms of the agreement concluded in the United States .”

Al-Asadi stated, “All meetings in the United States are successful due to the reaction of other parties and parties,” pointing out that “Iraq announced during the visit great investment opportunities for American companies, and plans were drawn up between Iraqi and American investors .”
He pointed out, "The Iraqi delegation that visited Washington included a team from the private sector, because the government encourages expansion with private sector companies, which will be easier to deal with companies and government instructions ."

Earlier today, Al-Sudani returned to Baghdad after a week-long visit to the United States, during which he held a series of important meetings, the most important of which was his meeting with US President Joe Biden .   link

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

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

Militia Man  [Q&A portion of Al-Sudani interview] Question:  "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?"  Al-Sudani's answer:  "This policy is dictated by the central bank and the government abide by what the bank decides.  I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties...This is going to raise the level or value of the Iraqi dinar.  There is policy that is consistent policy that the central bank is using..." [Post 1 of 2....stay tuned]

Militia Man  MILITIA MAN:  Deletion of the zeros project, is that what they're talking about If you're going to raise the value of the currency you're going to have to do something to it and that's the exchange rate.  You don't just LOP three zeros off a currency and say, 'Snip! Go use this'.  It doesn't work that way.  They have to raise the value...We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs...tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them.  Basically what is he saying They're going to raise the level of the value of the Iraqi dinar.  That's really powerful... Post 2 of 2]

Former Advisor to President Reagan and Professor of Economics, Steve Hanke Talks on the U.S. Economy

Sachs Realty:  4-20-2024

U.S. Economy is crumbling! Steve Hanke, Professor of Applied Economics at Johns Hopkins and Former Economic Advisor to President Ronald Reagan talks about the state of the U.S. economy and monetary system.

https://www.youtube.com/watch?v=FPsbDjI1K5g

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Saturday 4-20-2024

TNT:

Tishwash:  Iraq officially joins the Singapore Trade Agreement

 The United Nations mission, UNAMI, said on Friday that Iraq officially signed the Singapore Agreement on Mediation, which is an “important” step towards developing the resolution of trade disputes in Iraq.

The Singapore Mediation Convention is a standardized and effective framework for international settlement agreements resulting from mediation, which parties conclude to resolve a commercial dispute.

The Singapore Agreement will facilitate international trade by enabling disputing parties to easily enforce and recall settlement agreements across borders. Companies will benefit from mediation as an additional option to litigation and arbitration in resolving cross-border disputes.  link

TNT:

Tishwash:  Iraq officially joins the Singapore Trade Agreement

 The United Nations mission, UNAMI, said on Friday that Iraq officially signed the Singapore Agreement on Mediation, which is an “important” step towards developing the resolution of trade disputes in Iraq.

The Singapore Mediation Convention is a standardized and effective framework for international settlement agreements resulting from mediation, which parties conclude to resolve a commercial dispute.

The Singapore Agreement will facilitate international trade by enabling disputing parties to easily enforce and recall settlement agreements across borders.

Companies will benefit from mediation as an additional option to litigation and arbitration in resolving cross-border disputes.  link

CandyKisses:  Iraq is the fourth Arab with the highest growing economies in the world in 2025

Economy News - Baghdad

International Monetary Fund data predicted on Saturday that Iraq will rank fourth in the world's fourth-highest growing Arab economies in 2025.

In a report followed by NRT Arabia, the IMF said that the global economy is likely to continue to grow at a rate of 3.2% in the years 2024 and 2025, and Saudi Arabia is expected to be among the Arab countries that are witnessing positive growth during that period.

With expectations of an increase in economic growth, the International Monetary Report reflects optimism about Arab and global economies in general, and that Saudi Arabia may be at the forefront of Arab countries in terms of economic growth in the coming years.

According to the IMF report, Saudi Arabia topped the Arab countries in terms of economic growth rate in 2025, with a growth of 6 percentage points, followed by Mauritania with an expected growth rate of 5.5 percentage points, followed by Sudan with an expected growth rate of 5.4 percentage points, and Iraq came fourth with an expected rise of 1.3 percentage points to reach a growth rate of 5.3 percentage points.

Egypt came fifth in terms of economic growth rate for 2025, with an expected growth of 4.4 percentage points, followed by the UAE with an expected growth of 4.2 percentage points, followed by Kuwait with an expected growth of 3.8 percentage points, Morocco with an expected growth of 3.3 percentage points, Bahrain came ninth with an expected growth of 3.2 percentage points, followed by Algeria with an expected growth rate of 3.1 percentage points.

In 11th place, Oman came with an expected growth of 3.1 percentage points, followed by Jordan with an expected growth of 3 percentage points, followed by Qatar with an expected growth rate of 2 points, and Tunisia in last place with an expected growth of 1.8 percentage points.

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

Tishwash:  It's at the end 1:28 ish- but this is the transcript of it …..the last question it's at about 1:28 an hour and 28 minute mark

Iraq’s prime minister on building a stronger relationship with the United States (Atlantic Council) RV Question Answer

Question: is the government thinking of reevaluating the dinar and um readjusting the value of  the dinar due to the current uh circumstances in the market or do you see it to stay the same

Answer: this policy actually is dictated by the central bank and uh the government  abides by what the bank decides, right now I believe we are in the best status that we could be in and we have actually had an assessment which has given lot much trust higher trust at a higher level from different uh Global parties. so we started reforms when it comes to the banking sector  and when we  spoke about that before but this is going to actually raise  the level of or the value of the Iraqi dinar and there is actually a policy that is a consistent policy that  the central bank is using when it comes to Investments and how they invest the money for you know our own   reserves here in Iraq of course there are so many different topics that we could speak about

https://youtu.be/gcEWYgmd5vc

Mot:  Okay husband… Now I know how you feel when I’m shopping for clothes!

Mot:  ... All I Can Say is ----- HOW!!!!!

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Saturday 4-20-2024

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. 20 April 2024 Compiled Sat. 20 April 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors)

Fri. 19 April Wolverine:

Many people have signed NDAs and we do not know if they have spendable money.  If people are being paid, they are being silent.

The Vietnam Dong is going to float.

The Dinar, which is now hours away, actually, is to go up.  It is close now to going on the Forex and in the Gazette.

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. 20 April 2024

Compiled Sat. 20 April 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors)

Fri. 19 April Wolverine:

Many people have signed NDAs and we do not know if they have spendable money.  If people are being paid, they are being silent.

The Vietnam Dong is going to float.

The Dinar, which is now hours away, actually, is to go up.  It is close now to going on the Forex and in the Gazette.

Colombia will be joining BRICS and they will get their gold backed currency on Tues. 23 April.

China has pardoned all of Zimbabwe’s debts. This is huge news for Zimbabwe. 

My counterparts in Brazil said that yesterday Thurs. 18 April the banks received the payment authorization codes from the central bank of Brazil to release the notices and asked for 24 hours to carry out the logistics of distributing the notices.

The military and G13 will enter tomorrow Sat. 20 April to receive their already unlocked amounts.

Releases for DF operations will be paid on Wed. 24 April, a date set by the institution itself.

MarkZ said big contracts are getting finalized. He has never seen that before.  I also got this confirmed by my Brazilian counterparts. These are Big Contracts. This is happening, it is real.  Just have faith.

Note from Wolverine’s Friend Richard:  “I am involved on both sides, both on the bond sellers and also the bond buyers side as well. I wanted to clarify the importance of the message from MarkZ about final contacts being received by the sellers. Over the past 4 to 5 years, thousands of contracts have been put together, but they have always been just by the sellers. The sellers have never received contracts from the buyers because of the confidentiality. What is happening, now, and as MarkZ said, for the first time, is actually the sellers, who are the owners of the bonds, have now finally received what is called the MOTHER CONTRACTs, which are the contracts from the buyer’s side. This is only being done because it is the start of the payment. So, the MOTHER CONTRACT is the only time that the seller’s contract and the buyer’s contracts are joined together. So that is a very big step. Once that is put together, then the paymasters can be authorized to start the payments. This is a very big step, and this is happening to our clients in many territories including Zurich, Hong Kong, and Brazil. It seems very likely we should be able to cross the finish line by next week. We have top contacts on the buyer’s side who write up for redemptions, and, they have it confirmed that the payments have been starting, following the final contracts. This news is straight from Reno.  Things are definitely starting in Reno.” 

Wolverine: I did receive news from a huge whale in Europe, she has received email from Reno, and has been told that Reno has started the process. By Mon. 22 April a lot of countries will be gold backed. 

~~~~~~~~~~~

Fri. 19 April TNT Tony:

Iraq’s Sudani headed back to Iraq Fri. night. Multiple high-order contracts have been signed!

Sources in Iraq say this will be done by Mon. 22 April.

Expect our announcement by Monday. (Probably Sunday) Everything is done and ready to go!

Banks have been told to be ready!

The release process will start as soon as the delegation arrives in Iraq. I received a message near the end of the call that the process has just started in Iraq.

ZIM 2008 / 2009 – 50 -100 T notes are the notes targeted for redemption.

Bolivar is still in the first basket.

IQD Contract Rate will only be available at a Redemption Centre.

Wed. 17 April MarkZ: The Bond Folks have expectations of things starting before Mon. 22 April.

Thurs. 18 April Bruce: A Wells Fargo Paymaster in Tier 3 reported that Bond Holders would receive their emails to set their exchanges by Fri. 19 April. He also said Tier4b (Us, the Internet Group) would receive our emails to set exchange appointments on Sat, Sun or Mon. 20, 21, 22 April, with appointments starting thereafter. Two older menwho worked for the US Treasury under President Reagan said that in their opinion Tier4b would receive their emails to do exchanges on Fri. or Sat. 19, 20 April. A Bank Contact told Bruce that Tier4b would be notified over the weekend, meaning Fri, Sat. or Sun. 19, 20, 21 April. The new Dinar and other currency International Rates of the 32 nations would go public when the Forex reopened at 5 pm EST on Sun. 21 April.

~~~~~~~~~~

Global Financial Crisis:

Asia stocks sink on reports of Middle East attacks; Singapore market down 0.6% | The Straits Times https://www.straitstimes.com/business/asia-stocks-sink-on-reports-of-middle-east-attacks-singapore-market-down-1

Fri. 19 April 2024 Bloodbath in Stock Market: https://www.goodreturns.in/news/bloodbath-in-stock-market-sensex-nifty-crashes-by-1-on-april-19-10-key-points-here-1342443.html

Fri. 19 April Global Economy Faces Immediate Impact From GCR and RV: https://beforeitsnews.com/alternative/2024/04/update-zimbabwe-gold-launches-with-gesara-qfs-overhaul-global-economy-faces-immediate-impact-from-gcr-and-rv-3812576.html

Read full post here:  https://dinarchronicles.com/2024/04/20/restored-republic-via-a-gcr-update-as-of-april-20-2024/

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

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  Bank friend says...if it is 1 to 1 that's a good start but he feels like because what he personally knows the rate could carry a $5+ and support it very well because our reserves are way higher than what they are telling anyone.  That's just his opinion...  FRANK:  It will not start at 5 to 1 IMO as it will not start at 1 to 1.

Deepwoodz  Article:  "Al-Sudani: Iraq is a country full of opportunities and its projects amount to 400 billion dollars"  400 billion x 1310 = 524 trillion dinar...ummmmm….i don’t think so. Budget ain’t that big!  Unless you have a roundabout 3:1 rate the opposite direction.

Iraq: Over 14 Agreements Signed Between Iraq and US BREAKING NEWS from Congress.

Edu Matrix:  4-19-2024

Iraq: Over 14 Agreements Signed Between Iraq and US BREAKING NEWS from Congress. - This video shares information on the 14 different agreements made by the US and Iraq when the Iraqi PM visited the White House on April 15th.

 Some members of Congress are not happy over the PM's visit and have said so in a signed letter. The video shares Republican Congress persons' thoughts and reasons.

https://www.youtube.com/watch?v=pZP34QEq22o

IS YOUR CASH SAFE IN THE STOCK MARKET? Let's Talk About That...

Greg Mannarino:  4-20-2024

https://www.youtube.com/watch?v=BzeU4d4qkRw

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Vietnam Dong & Iraq Dinar Will SOAR! Sudani Asks TX to Invest in Iraq; VND Revalues -Dr. Kia Pruitt

Vietnam Dong & Iraq Dinar Will SOAR! Sudani Asks TX to Invest in Iraq; VND Revalues

Dr. Kia Pruitt:  4-19-2024

Iraq's Prime Minister Al Sudani met in Texas to ask Oil Refinery Companies specializing in oil and gas to invest in Iraq. In other news, Vietnam Central Bank Says Ready to Intervene in Currency Market. Is it time for the VND (Dong) to revalue and soar?

*VIETNAM STATE BANK SAYS READY TO INTERVENE IN FX MARKET’s “

Vietnam Dong & Iraq Dinar Will SOAR! Sudani Asks TX to Invest in Iraq; VND Revalues

Dr. Kia Pruitt:  4-19-2024

Iraq's Prime Minister Al Sudani met in Texas to ask Oil Refinery Companies specializing in oil and gas to invest in Iraq. In other news, Vietnam Central Bank Says Ready to Intervene in Currency Market. Is it time for the VND (Dong) to revalue and soar?

*VIETNAM STATE BANK SAYS READY TO INTERVENE IN FX MARKET’s “

https://twitter.com/zerohedge/status/1781171666392854845?t=APcp862wEbUV8p0Ry6qRAg&s=03

https://www.youtube.com/watch?v=4KQ6jDBfcEo

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Friday PM 4-19-2024

KTFA:

Clare: Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar

4/19/2024

HANOI (Bloomberg): Vietnam’s central bank said officials are prepared to intervene in the foreign-exchange market as the currency fell to a record low.

Intervention is possible "even today, if needed,” State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday.

The dong dropped to a record-low 25,463 per dollar on the day.

The escalating conflict in the Middle East and expectations the Federal Reserve may delay interest-rate cuts is supercharging the dollar, and pummeling emerging-market currencies globally. Vietnam joins peers in Asia including South Korea and Indonesia in pushing back against the US currency’s strength.

KTFA:

Clare: Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar

4/19/2024

HANOI (Bloomberg): Vietnam’s central bank said officials are prepared to intervene in the foreign-exchange market as the currency fell to a record low.

Intervention is possible "even today, if needed,” State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday.

The dong dropped to a record-low 25,463 per dollar on the day.

The escalating conflict in the Middle East and expectations the Federal Reserve may delay interest-rate cuts is supercharging the dollar, and pummeling emerging-market currencies globally. Vietnam joins peers in Asia including South Korea and Indonesia in pushing back against the US currency’s strength.

"SBV will use tools such as intervening, and also raising short-term rates by withdrawing liquidity to make FX hedging costs more expensive,” said Michael Wan, senior currency analyst at MUFG Bank.

The daily dollar-dong reference rate had risen 0.7% this week, the most since 2015. -- ©2024 Bloomberg L.P.   LINK

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

Frank26  Houston Texas and Dearborn Michigan...Al-Sudani arriving [motorcade].  I stopped counting when I got up to 50.  You're telling me that all these gigantic monstrous vehicles that are escorting the Prime Minister of Iraq is bring a program rate to the world?  You need this type of security for toilet paper value?  Of course not...This is serious.  When the delegation returns back to Iraq, we already told you IOO what is going to happen...

Mnt Goat  The news just keeps getting better and better. ...my CBI contact again confirmed to me that this meeting of Iraq with the Whitehouse had to take place and could be seen as a healing meeting between the two countries. One issue was of course the status of leaving or the pullout of US forces. This issue is clear, as the US forces do not plan to leave Iraq again and destabilize the middle east, especially in these turbulent times...don’t worry it is not going to happen any time soon as long-term plans are being negotiated to give Iraq what it wants and give the US what it wants...

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

TNT:

Tishwash:  Al-Sudani: Iraq is a country full of opportunities, as witnessed by international organizations

Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that Iraq is a country full of opportunities, as witnessed by international organizations.

The Prime Minister's Media Office stated in a statement, "Prime Minister Muhammad Shiaa Al-Sudani met today, Thursday, with a number of members of the Iraqi community in the city of Houston, Texas, USA, where he learned about their conditions and listened to their proposals and proposals, all of which serve the service of their country."

Al-Sudani indicated, according to the statement, “the government’s keenness to communicate with the members of the Iraqi community everywhere,” stressing “the need for their capabilities and competencies in all fields, and announcing the imminent creation of a department for expatriates linked to the Office of the Prime Minister, for the purpose of following up on the conditions and requirements raised by the members of the Iraqi community.” Iraqi communities.

He stated that "Iraq today has regained its health, and is proceeding with confidence in the development taking place in the right direction, especially after the victory of the Iraqis through their brotherhood and cohesion over ISIS terrorism, a battle that united all segments of the Iraqi people and moved the country towards stability and development."

He stressed that "Iraq today is embarking on the field of reconstruction, development, and completion of infrastructure. This is an image that may not fully reach the outside world, in addition to the economic and social renaissance that the country is witnessing."

He explained that "his current visit to the United States comes to establish the foundations of partnership and permanent bilateral relationship between the two countries, in accordance with the sustainable interests of the two peoples, and that the government today has been able to achieve an advanced percentage in the government program, in a way that enhances the citizen's confidence in the performance of the service and official agencies, and strengthens the factors of stability." It pushes development projects and government priorities towards completion, implementation, and fulfillment of citizens’ aspirations.”

The Prime Minister stressed that "Iraq is a country full of opportunities, and the size of projects, as certified by international organizations, amounts to 400 billion dollars. At the end of his speech, he praised the Iraqi community in America, which he described as important and qualitative, and we are proud of its contributions and expect it to contribute to the reconstruction and prosperity of Iraq."   link

 

BRICS GOLD train leaving the station - Destination Revalue Rd. - LFTV Ep 169

Kinesis Money:  4-19-2024

In this week’s episode of Live from the Vault, Andrew Maguire is joined by TF Metals Report’s Craig Hemke to address the community’s pressing questions on the FED’s suppression struggles, predictions for gold and silver and insight into BRICS.

The precious metals experts explore the significance of physical gold deliverability towards the success of the BRICS currency, which is forcing Western central banks to drastically reevaluate their predictions on the gold price.

Timestamps

 00:00 Start

 01:50 Overall market update

 10:10 The impending support levels for precious metals

 21:45 Ongoing frustrations with gold trading reports!

25:14 An update on China’s gold strategy

27:16 What are the FED and COMEX up too?

33:30 Is BRICS behind the rally of gold to all-time highs?

https://www.youtube.com/watch?v=8OL1vWVj_7I

Read More
Goldilocks, Economics, Gold and Silver, News DINARRECAPS8 Goldilocks, Economics, Gold and Silver, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24
Good evening Dinar Recaps,

Watch XRP! It is the coin that moves all coins. Once the SEC and Ripple case is settled, look for the QFS System to be given the green light to move forward.

© Goldilocks
~~~~~~~~~

In order to be on an even playing field with other currencies around the world, the EU has raised their Capital requirements. It was discovered in 2023 that many of the currencies they were currently trading with were no longer in sync.

These foreign exchange risks were discovered in the second half of last year. This has led the European Banking Authority’s (EBA) to reduce the number of correlated currencies they were trading. Europe is a major player, and to compete Globally has forced them to reset their currency Market pairs. Risk

© Goldilocks
~~~~~~~~~

Goldilocks' Comments and Global Economic News Thursday Evening 4-18-24
Good Evening Dinar Recaps,

Watch XRP! It is the coin that moves all coins. Once the SEC and Ripple case is settled, look for the QFS System to be given the green light to move forward.

© Goldilocks

~~~~~~~~~

In order to be on an even playing field with other currencies around the world, the EU has raised their Capital requirements.  It was discovered in 2023 that many of the currencies they were currently trading with were no longer in sync.

These foreign exchange risks were discovered in the second half of last year. This has led the European Banking Authority’s (EBA) to reduce the number of correlated currencies they were trading.  Europe is a major player, and to compete Globally has forced them to reset their currency Market pairs.  Risk

© Goldilocks

~~~~~~~~~

~~~~~~~~~

WASHINGTON (Reuters) - "U.S., Japanese and South Korean finance leaders agreed to consult closely on foreign exchange and market developments in a trilateral meeting on Wednesday, they said in a joint statement issued by the U.S. Treasury Department."

These meetings are becoming more and more frequent. As we get closer to Global regulations on cryptocurrency through MICA, the new digital economy will reset a lot of prices across all sectors of the markets.

Our tokenized assets are as these words imply. These digitized assets are now supported by commodities. Our Stablecoins representing our countries' currencies are backed by gold.

Everything is about to be backed by gold. It is the bridge into the next economy as it has been throughout history when we have crossed over from one economic world to another.

Our ability to adapt to these changes will signify a willingness to live in the New World. It is a mind, body, and soul transformation. Time is getting close. Be ready.  US News

© Goldilocks

~~~~~~~~~

"On Tuesday, April 16, Bybit published a new report, providing a detailed analysis of the Bitcoin halving event set to take place this month. The crypto firm disclosed that the Bitcoin reserves within the world’s crypto exchanges have been depleting at a rapid pace, leaving only nine months of BTC supply left on exchanges."

This new trend is expected to drive the price of Bitcoin up. The more scarce it becomes, the more valuable it will be in the short run.

Bitcoin has been known to drive prices up in the cryptocurrency world. As we shift into a digital economy, there are new cryptocurrencies that will begin new protocols inside this new digital framework.

Their connection to Bitcoin will help raise their value going forward. As new demands are placed on these new digital assets that will move our Global Economy, it will be the demand for them in the future that will begin to place price pressures on their existence based on their use case scenarios.

Our world is clearly in transition, and the more we learn about it the better off we can be in integrating our lives into it.

We are in the process of carving out a path into this new digital asset-based trading system. It will change us in ways many of us did not anticipate.

Staying focused and intentional about your new place in the world will be a vital step and becoming a part of it.   News BTC

© Goldilocks

~~~~~~~~~

"Gold at Historical Highs as Mid-East Tensions Persist; Pound Rises on UK CPI Data" | Investing

~~~~~~~~~

Banking Announcement:

"JP Morgan is setting out to potentially disrupt its own foreign exchange overlay business with a new execution method that allows clients to place multiple dealers in competition for trades, while using the bank’s credit standing to secure the best price." | 
FX Markets

~~~~~~~~~

Vietnam Stock Market Sharp Drop IQD Rate Flux Haiti's Progress Gold  Prices | Youtube

~~~~~~~~

Press Release
SEC’s Division of Investment Management to Host Second Annual Conference on Emerging Trends in Asset Management  
SEC

Conference topics will include:
Trends in Asset Management Products and Strategies:

* Asset Management Trends: Past,
* Present and Future
* Technology-Driven Trends
* Regulatory Perspectives

~~~~~~~~~

Ripple Vs. SEC Saga: CLO Provides Clarity On Next Steps In Lawsuit | Bitcoinist

~~~~~~~~~

HONG KONG BITCOIN ETFS TO TRADE BY APRIL 30TH: REPORTS

Hong Kong's hotly anticipated spot bitcoin ETFs are expected to launch by end of April, potentially yielding up to $25 billion in capital inflows according to industry analysts. | Bitcoin Magazine

~~~~~~~~~

A MESSAGE FROM ISAAC

I will have two big meetings Monday to know how close we are , process is advancing so we are getting close , I will update Monday, blessings .

~~~~~~~~~

Iraq: Over 14 Agreements Signed Between Iraq and US BREAKING NEWS from Congres | Youtube

~~~~~~~~~

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Economist's "News and Views" Thursday 5-18-2024

How Safe REALLY Are Your "INSURED" Accounts? (DOES THE FDIC EVEN HAVE THE MONEY?)

Lynette Zang:  4-18-2024

Today we talk about Debt and the very real problem with calling your bank accounts "INSURED" by the FDIC. Do they really have enough money to cover everyone in an event of a run on the bank?

 Let's go through the facts and data directly from the source and find out!

How Safe REALLY Are Your "INSURED" Accounts? (DOES THE FDIC EVEN HAVE THE MONEY?)

Lynette Zang:  4-18-2024

Today we talk about Debt and the very real problem with calling your bank accounts "INSURED" by the FDIC. Do they really have enough money to cover everyone in an event of a run on the bank?

 Let's go through the facts and data directly from the source and find out!

https://www.youtube.com/watch?v=bSYBfxPYDO8

IS A STOCK MARKET CRASH IMMINENT? IS NOW THE TIME TO GET OUT OF THIS MARKET?

Greg Mannarino:  4-18-2024

https://www.youtube.com/watch?v=M5pki-tpUYg

Markets Are 'Breaking'; Gareth Soloway Updates Outlook For Bitcoin, Stocks, Economy

David Lin:  4-18-2024

Gareth Soloway, Chief Market Strategist of Verified Investing.com, discusses the price action of stocks, Bitcoin, and gold, and the drivers behind these assets.

0:00 - Intro

1:08 - Markets are breaking

5:00 - Gold

12:40 - Bitcoin outlook

 26:29 - Sentiment

28:16 - Cracks in the economy

 32:55 - Cocoa

33:50 - Bitcoin's bottom

 34:38 - Verified Investing

https://www.youtube.com/watch?v=hR1cgbs3tp4

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Thursday PM 4-18-2024

TNT:

CandyKisses:  Minister of Planning of the World Bank: Our government's directions to reduce external borrowing and schedule it

{Economic: Euphrates News} Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, met at his residence in Washington, D.C., on Wednesday evening, a delegation from the World Bank.

According to a statement of the ministry received {Euphrates News} a copy of it that "during the meeting, which was attended by Kazem al-Hasani, adviser to the Prime Minister, and a number of stakeholders, discussed the mechanisms of scheduling Iraq's foreign loans, in cooperation with the World Bank."

Minister Tamim stressed that "the directions of the Iraqi government are to reduce external borrowing, and to have urgent necessities, provided that these loans are directed to the development aspects and financing important strategic projects."

TNT:

CandyKisses:  Minister of Planning of the World Bank: Our government's directions to reduce external borrowing and schedule it

{Economic: Euphrates News} Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, met at his residence in Washington, D.C., on Wednesday evening, a delegation from the World Bank.

According to a statement of the ministry received {Euphrates News} a copy of it that "during the meeting, which was attended by Kazem al-Hasani, adviser to the Prime Minister, and a number of stakeholders, discussed the mechanisms of scheduling Iraq's foreign loans, in cooperation with the World Bank."

Minister Tamim stressed that "the directions of the Iraqi government are to reduce external borrowing, and to have urgent necessities, provided that these loans are directed to the development aspects and financing important strategic projects."

For its part, the World Bank delegation expressed its readiness to provide possible support to the efforts of the Iraqi government in the field of loan scheduling, and joint work to enhance the development areas of loans

Tishwash:  American immunity over Iraqi funds... How did it begin and what does it mean?

On May 22, 2003, former US President George W. Bush issued an executive order to protect the Development Fund for Iraq, in which the proceeds of oil sales were deposited, with the aim of protecting it from any legal prosecution.

After more than two decades, successive US administrations are still renewing this presidential executive order and other orders related to Iraq and aiming to protect its funds.

The current US President, Joe Biden, signed the decree extending the state of national emergency related to the situation in Iraq for another year, which stated: “There are still obstacles to the orderly reconstruction of Iraq, restoring and maintaining peace and security in the country, and developing political, administrative, and economic institutions in Iraq.” .

The statement added that these obstacles "pose an extraordinary threat to the national security and foreign policy of Iraq and the United States of America as well. Therefore, (Joe Biden) has decided that it is necessary to continue the state of national emergency declared under Executive Order 13303 regarding the stability of Iraq."

What is Executive Order 13303?

The Executive Order is intended to protect the Development Fund for Iraq and certain other properties in which Iraq has an interest.

According to what was stated in the text of the executive order, then US President George W. Bush saw that there was a threat to seize or take other judicial measures against the Development Fund for Iraq and Iraqi oil and petroleum products and the revenues arising from them.

The executive order also stated that this situation “poses an extraordinary threat to the national security and foreign policy of the United States, and therefore a national emergency has been declared to address this threat.”

The order states that any seizure, judgment, decree or other judicial proceeding against the Development Fund for Iraq or Iraqi oil and petroleum products and the proceeds and obligations relating to their sale or marketing shall be null and void.

The Executive Order prohibits all US citizens and residents of the United States, as well as any entity organized under US laws, from filing lawsuits against Iraqi funds.

According to the US National Emergency Law, failure to renew the executive order within a period of 90 days from the date of the previous renewal means that it will become invalid.

Development Fund for Iraq

The Development Fund for Iraq was established after 2003, and before that, money from Iraqi oil sales was placed in an account managed by the United Nations within what is known as the Oil-for-Food Program.

In the mid-nineties of the last century, the UN Security Council resolution related to oil for food was issued and stipulated the sale of a portion of Iraqi oil in exchange for the purchase of medicines and food during the era of Saddam Hussein’s regime, which suffered international sanctions as a result of its invasion of Kuwait in 1990.

This situation continued until 2003, when a new Security Council resolution was issued under which most of the economic sanctions were abolished, provided that issues related to the invasion of Kuwait were resolved, such as compensation, prisoners, and others.  link

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

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

Rod Steele  [via PDK]  Sudani has been in the US since Saturday and he met with Biden for an hour on Monday. Everything is now formally agreed too…Iraq is telling the people it is done and coming. The ABC agencies are saying to look for it between now and the rest of the week. The banks are hoping it will be tonight [Wednesday] or in the morning. I think they are a little bit ahead of the game though.  Logically and realistically I think it will be next week because all the key Iraqi ministers and officers are here in the US. I think they will wait until they are back on Iraqi soil...I hear they are putting up big screen TV’s all over Baghdad and other parts of Iraq for some big announcement when they get back.  We don’t know what that announcement is…but, I can guess.  

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  Sudani...is meeting with Iraqi business owners in the United States of America ...They're talking about visits that will bring more stability.  They're saying they are going to return the dinar to its price and how the dollar will drop dramatically and not be used in Iraq.  A lot is being said about the strength of our currency of the dinar and the meeting is over 100 of these companies. 

Salah Iqd

Nader:  4-18-2024

https://www.youtube.com/watch?v=_ia9tLzVgMA

Vietnam Stock Market Sharp Drop IQD Rate Flux Haiti's Progress Gold Prices

Edu Matrix:  4-18-2024

Vietnam's Stock Market drops sharply on Monday after the Iran-Israel incident. Gold prices are going through the roof. Haiti's currency was stable, and the council was created to ensure a stable government.

https://www.youtube.com/watch?v=DeX-UgkcT7o

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

BRICS Ditches US dollar: Who Else have Followed BRICS?

BRICS Ditches US dollar: Who Else have Followed BRICS?

Fastpo:  4-17-2024

Numerous countries are actively examining ways to decrease their dependence on the US dollar for international trade, a phenomenon commonly referred to as "de-dollarization."

This strategic shift is largely motivated by a desire to mitigate the vulnerabilities associated with geopolitical tensions and economic sanctions, thereby bolstering national financial autonomy from the US-dominated global financial system.

 In this video, we will delve into how the BRICS nations are navigating this transition, as well as examine similar efforts by countries outside this group.

BRICS Ditches US dollar: Who Else have Followed BRICS?

Fastpo:  4-17-2024

Numerous countries are actively examining ways to decrease their dependence on the US dollar for international trade, a phenomenon commonly referred to as "de-dollarization."

This strategic shift is largely motivated by a desire to mitigate the vulnerabilities associated with geopolitical tensions and economic sanctions, thereby bolstering national financial autonomy from the US-dominated global financial system.

 In this video, we will delve into how the BRICS nations are navigating this transition, as well as examine similar efforts by countries outside this group.

We aim to provide a comprehensive overview of the economic implications of moving away from the US dollar and explore the various mechanisms these countries are employing to facilitate trade using their local currencies.

This move reflects a growing trend towards reshaping global trade dynamics to foster greater economic resilience and independence.

https://www.youtube.com/watch?v=X-1YUVaskLU

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

"Tidbits From TNT" Thursday Morning 4-18-2024

TNT:

CandyKisses:  The team accompanying the Sudanese in Washington: America will hand over to Iraq the antiquities looted in 2003

Mawazine News – Baghdad

Team member confirmed Accompanying Prime Minister in Washington Aideh Al-Hilali, that America will hand over Iraq antiquities which was looted in 2003.

Al-Hilali said, in A televised interview followed by Mawazine News that "the agreements signed by the Prime Minister Mohammed Shia Al-Sudani, with the United States of America during his visit to Washington was at a high level of importance that serves Iraqi interests."

He added that "Iraq plays an important role politically and economically in the region and can play an important role To make calm in the region and bring points of view closer, especially that the region is living in security conditions Engaged, pointing out that America found a strong Sudanese government."

TNT:

CandyKisses:  The team accompanying the Sudanese in Washington: America will hand over to Iraq the antiquities looted in 2003

Mawazine News – Baghdad

Team member confirmed Accompanying Prime Minister in Washington Aideh Al-Hilali, that America will hand over Iraq antiquities which was looted in 2003.

Al-Hilali said, in A televised interview followed by Mawazine News that "the agreements signed by the Prime Minister Mohammed Shia Al-Sudani, with the United States of America during his visit to Washington was at a high level of importance that serves Iraqi interests."

He added that "Iraq plays an important role politically and economically in the region and can play an important role To make calm in the region and bring points of view closer, especially that the region is living in security conditions Engaged, pointing out that America found a strong Sudanese government."

He pointed out that "The American side promised Prime Minister Mohamed Shia al-Sudani to return the antiquities Iraqi looted in the events of 2003, stressing that Iraq signed with a specialized American company in the manufacture of agricultural sprayers and other international companies."

Tishwash:  Details of the memorandums of understanding signed by Iraq and America

Al-Masala publishes the memorandums of understanding that were signed yesterday evening, Wednesday (Baghdad time), in Washington with American companies, in a ceremony that took place under the auspices of the Prime Minister, Mr. Muhammad Shiaa Al-Sudani:

First/ Government memorandums of understanding:

1. A memorandum of understanding between the Ministry of Electricity and General Electric Company (GE) in the field of developing the energy sector.

2. A memorandum of understanding between the Ministry of Oil and Hanwell Company, to conclude a partnership in the field of developing strategic plans for oil fields and associated gas.

3. A memorandum of understanding between the Ministry of Oil and General Electric in the field of developing oil fields and associated gas.

4. A memorandum of understanding between the Iraq Fund for Development and the American company MACK for engines and equipment, in the field of manufacturing specialized vehicles.

Second: Memorandums of understanding signed by the Iraqi private sector with American companies:

1. Memorandum of understanding with Baxter International Company for cooperation in the field of dialysis supplies.

2. Memorandum of understanding with the American company KBR to develop oil fields. 3. Memorandum of understanding with KBR in the field of processing primary gas and converting it into liquid and associated gas.

4. A memorandum of understanding between the National Bank of Iraq (NBI) and the American International Financial Development Corporation.

5. Agreement with Trans Atlantic Petroleum Company in the field of developing and managing oil fields.

6. A memorandum of understanding with the American company Hanwell in the field of developing associated gas fields and stopping its burning.

7. A memorandum of understanding with the American company Hanwell for development, automation, and remote control and control services.

8. A memorandum of understanding with the American company Baker Hughes in the field of using smart solutions. To stop burning gas and develop and maintain oil fields.

9. Memorandum of understanding with Emerson Company in the field of technology and automation in oil fields.

10. Memorandum of understanding with GE in the field of supporting the oil industry.

11. Memorandum of understanding with Ark Energy Company in the field of manufacturing associated gas.

12. Memorandum of understanding with Emerson Company in the field of energy development and equipment provision.

13. Memorandum of understanding with GE in the field of providing equipment for treating associated gas in generating electrical power.

14. An agreement with Hanwell Company in the field of developing and maintaining oil fields and stopping gas burning.

 Media Office of the Prime Minister

April 18, 2024   link'

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

CandyKisses: On the table of parliament are 150 bills awaiting a vote. And the dialectics need consensus

Baghdad Today - Baghdad

Today, Thursday (April 18, 2024), a member of the Parliamentary Legal Committee, MP Omid Mohammed, confirmed the existence of 150 draft laws on the table of the standing committees of the House of Representatives.

Mohammed said in a statement to "Baghdad Today", that "his committee is following up on draft laws and amendments put forward by the standing committees in the House of Representatives, which amount to 150 laws so far," adding that "controversial laws need political consensus, but the file of the presidency of the Council in light of the lack of resolution of the vote on a candidate for it reflects negatively on the file of legislation Laos.

He called for "the need for the State Administration Coalition to have positive steps in this direction in order for the current legislative term to be fruitful in the direction of resolving many laws and their amendments."

He stressed "the need to proceed with the legislation of controversial laws, including general amnesty, service and others without political consensuses that contribute to securing sufficient votes to vote on them, and this needs to resolve the rest of the files in order to proceed with them," pointing out that "the resolution of the law for people with disabilities and voting on it 3 days ago represents an important step during the legislative term of the Council to resolve the rights of an important segment."

Parliament is expected to hold a session for today, after postponing in its last session the vote on the draft law on the first amendment to the Iraqi Housing Fund Law No. (32) of 2011, and postponing the vote on the draft law on the first amendment to the Property Claims Commission Law No. (13) of 2010, where the House of Representatives completed the first reading of the draft law on the accession of the Republic of Iraq to the Convention on the Elimination of Violence and Harassment in the World of Work, as well as the report and discussion of the draft law regulating renewable energy.

Mot ... Silly ""Opal"" -- Right!!!! t

Mot: . Sum Mor insight into Raising the Wee Folks - frum ole ""Mot"" of course!

Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Thursday AM 4-18-2024

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. 18 April 2024

Compiled Thurs. 18 April 2024 12:01 am EST by Judy Byington

NESARA/GESARA: NESARA Activation (allegedly) implements the following changes:

1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare: a “jubilee” or a forgiveness of debt.

2. Abolishes the income tax

3. Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.

4. Creates a14% flat rate non-essential ‘new items only’ sales tax revenue for the government. In other words, food and medicine will not be taxed, nor will used items such as old homes.

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. 18 April 2024

Compiled Thurs. 18 April 2024 12:01 am EST by Judy Byington

NESARA/GESARA: NESARA Activation (allegedly) implements the following changes:

1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare: a “jubilee” or a forgiveness of debt.

2. Abolishes the income tax

3. Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.

4. Creates a14% flat rate non-essential ‘new items only’ sales tax revenue for the government. In other words, food and medicine will not be taxed, nor will used items such as old homes.

5. Increases benefits to senior citizens

6. Returns Constitutional Law to all courts and legal matters.

7. Reinstates the original Title of Nobility Amendment. Hundreds of thousands of Americans under the control of foreign powers will lose their citizenship, be deported to other countries, and barred from reentry for the remainder of their life. And millions of people will soon discover their college degrees are now worthless paper.

8. Establishes new Presidential and Congressional elections within 120 days after NESARA’s announcement. The interim government will cancel all “National Emergencies” and return us back to Constitutional Law.

9. Monitors elections and prevents illegal election activities of special interest groups.

10. Creates a new U.S. Treasury, ‘rainbow currency,’ backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.

11. Forbids the sale of American birth certificate records as chattel property bonds by the US Department of Transportation.

12. Initiates new U.S. Treasury Bank System in alignment with Constitutional Law.

13. Eliminates the Federal Reserve System. During the transition period the Federal Reserve will be allowed to operate side by side of the U.S. Treasury for one year in order to remove all Federal Reserve notes from the money supply.

14. Restores financial privacy.

15. Retrains all judges and attorneys in Constitutional Law.

16. Ceases all aggressive U.S. Government military actions worldwide.

17. Establishes peace throughout the world.

18. Releases enormous sums of money for humanitarian purposes.

19. Enables the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security, including free energy devices, antigravity, and sonic healing machines.

Global Currency Reset: (RUMORS)

Wed. 17 April MarkZ: The Bond Folks have expectations of things starting from between Mon. 15 April to Mon. 22 April. Most of my sources have gag orders right now. Some have actual NDA’s, and some of them are being leaned on by leadership to not say anything. Especially with groups.

Tues. 16 April Bruce: Bond Holders were expecting their emails to exchange tomorrow Wed. 17 April or Thurs. 18 April. Tier4b (us, the Internet Group) should go around the same time. Yesterday a lower Tier Bank told us that they expected liquidity Wed. 17 April or Thurs. 18 April. The Iraqi Dinar rate has not yet been made public, but the Dinar is on the back screens of the Forex and trading upward with a Contract Rate that is very high. The Dong Rate is also trading upward in a good direction. Zim is trading over $1, but as you know the US will be at a 1:1 on par with them and all currencies…. The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#.

Mon. 15 April TNT Tony: The Three Letter Agencies were saying that the RV could go anytime after 5pm Mon. 15 April through Wed. 17 April, though Tony thinks we won’t see it until next week.

Read full post here:  https://dinarchronicles.com/2024/04/18/restored-republic-via-a-gcr-update-as-of-april-18-2024/

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

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

Frank26  IMO just before Sudani left on his trip with his delegation to Washington DC to visit the United  States Treasury he gave orders to the government of Iraq to start setting up the big screens because he wants to make an announcement once the delegation returns from Washington DC...IMO the government of Iraq is going to give the citizens what they  promised them, purchasing power of their currency.  He will keep his promise that he swore upon Allah, introduce the lower notes with the new exchange rate...It is Sudani's intention to make an announcement and we believe it will be done through these screens.

Militia Man  The 2023/2024 budget hasn't been sent to the HOR yet but they're saying in the coming  weeks...There's time constraints on getting things done...They can't likely expose an exchange rate to the House of Representatives before they give it to them, they just can't do that because that would leak around, it would get out and it would be a disruption.   But...they have to give them that information because it's a legal component.  If they do what they say they're going to do and get an exchange rate out...it's likely going to be before that happens.    

US Debt Default Through Inflation | Michael Pento

Liberty and Finance:  4-17-2024

While inflation has been over the Fed's 2% target for over three-years, the central bank is talking about cutting rates.

 The Fed is the "bankers bank" and operating to help the banks instead of the citizens, says portfolio manager Michael Pento

 And the economy is not as strong as the government and mainstream media claim. Those counting on their 60/40 portfolio to secure their retirement are in for a rude awakening, he says.

INTERVIEW TIMELINE:

0:00 Intro

1:20 Economic trends

10:44 Fed speak

14:49 Property illusion

19:19 Preparedness

23:20 Zombie companies

27:11 Pento Portfolio Strategies

https://www.youtube.com/watch?v=BAE74awQJ98

Read More