Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24
Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24
Good Evening Dinar Recaps,
"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."
Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now.
Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.
Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.
Since banks are privately owned for-profit institutions, this makes our foreign currency exchange with them a private exchange.
Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24
Good Evening Dinar Recaps,
"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."
Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now.
Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.
Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.
Since banks are privately owned for-profit institutions, this makes our foreign currency exchange with them a private exchange.
Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.
Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found.
You do not want to miss these calls.
© Goldilocks
SEC
CBI
Westlaw
Connecticut Portal Department of Banking
Wise - Foreign Currency
Investopedia - Capital Markets
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"A federal-covered security can be legally sold in a state once the proper documents and filing fee are submitted. Sales may occur on the day SEC registration is effective or when the notice filing was filed, whichever occurred last."
In other words, the Iraqi Dinar can be bought and sold as a "registered security" close to the end of May.
This article is a continuation of the first one printed today. I just simply wanted to be clear about a particular point that is of interest to all of us who hold the Iraqi Dinar.
It does not mean that we are going to exchange any foreign currencies at the end of this month, especially the Iraqi Dinar, but it will become possible. Achievable - Finra-Series SEC Archives
© Goldilocks
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Freedom Fighter Breaks Down Goldilocks Posts today with Q & A
Freedom Figjter breaksw down Goldilocks Posts from today 5.9.24.mp3
LISTEN HERE:
The world’s economic order is breaking down | Economist
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How is Currency Valued - Overview, History, Measurement | Corporate Finance Institute
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Central bank business models are being forced to change as the economy digitalizes, Joachim Nagel, Deutsche Bundesbank governor, said on May 6.
“If you would have asked me 20 years ago, is the central bank model destroyable?” Nagel told the Bank for International Settlements (BIS) Innovation Summit in Basel, “I would have said no.” But, now: “I’m not so sure anymore.” Central Banking
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Best states for taxes | Fidelity
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Lloyds collaborates with Red Hat on InnerSource engineering programme | Finextra
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Mastercard, Citi, JPMorgan Test Ledger for Settling Bank Money | Bloomberg Law
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SEC Labels Upcoming Ripple Stablecoin Unregistered Crypto Asset | The Crypto Basic
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A/B Exchange Offer Definition | Law Insider
An A/B exchange offer involves the exchange of unregistered, privately placed securities for SEC-registered securities. The original restricted securities, which are typically debt securities, would likely have been issued to holders in a private placement transaction. 1 day ago
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Silver Price Analysis: Silver is now probably in an uptrend | FXStreet
Silver price has probably reversed its short-term downtrend and begun a new uptrend.
It has broken above the May 7 highs – a key sign the short-term trend has reversed.
The possibility now exists for the precious metal to rise back up towards the $30.00 mark.
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IBM Expands its Software Availability to 92 Countries in AWS Marketplace | DQ
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More News, Rumors and Opinions Thursday Afternoon 5-9-2024
TNT:
Tishwash: The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session on two matters
A member of the Iraqi Parliament announced, on Thursday, that the House of Representatives will enter its legislative recess, starting tomorrow, Friday.
Member of the Parliamentary Legal Committee, Raed Al-Maliki, told Shafaq News Agency, “Today, Thursday, the House of Representatives ended the first legislative term of the third legislative year, and starting tomorrow, Friday, the House will enjoy the legislative recess until next June.”
He explained, "The second legislative term will begin next June 9, and therefore the House of Representatives will enjoy the legislative recess for only one month."
He pointed out, "If the position of Speaker of the House of Representatives is agreed upon or the budget tables are sent to the House, Parliament will hold an extraordinary or emergency session to discuss any important event during the legislative recess."
TNT:
Tishwash: The Iraqi Parliament enters its legislative recess and requires holding an “extraordinary” session on two matters
A member of the Iraqi Parliament announced, on Thursday, that the House of Representatives will enter its legislative recess, starting tomorrow, Friday.
Member of the Parliamentary Legal Committee, Raed Al-Maliki, told Shafaq News Agency, “Today, Thursday, the House of Representatives ended the first legislative term of the third legislative year, and starting tomorrow, Friday, the House will enjoy the legislative recess until next June.”
He explained, "The second legislative term will begin next June 9, and therefore the House of Representatives will enjoy the legislative recess for only one month."
He pointed out, "If the position of Speaker of the House of Representatives is agreed upon or the budget tables are sent to the House, Parliament will hold an extraordinary or emergency session to discuss any important event during the legislative recess."
The Shiite coordinating framework announced, after a meeting in Maliki’s office on Monday, its intention to hold a session dedicated to choosing a speaker for Parliament after the expiry of a deadline it set (one week), at a time when three Sunni alliances announced their support for the framework’s position. link
Tishwash: The European Union and Iraq agree to increase cooperation between them
The European Union Ambassador to Iraq, Thomas Seiler, revealed that he agreed a few days ago with the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, to increase and intensify cooperation.
Siler said on the “X” platform (formerly Twitter), on Thursday, on the occasion of European Integration Day, that the European Union is working with Iraq within a democratic framework that guarantees equal opportunities for all.
He added that this comes within the framework of private sector development, job creation, social protection and education, and combating corruption.
Siler stressed Iraq's support in the civilian security sector with the police and judiciary, as well as work in the fields of human rights and civil society, noting that all of this is for the benefit of the Iraqis without ignoring their customs and traditions.
The European Union ambassador to Iraq noted that "three days ago he agreed with the Sudanese to increase and intensify cooperation."
Iraq has previously expressed its need for the support of the European Union, in order to carry out political reforms and economic rehabilitation, while the European Union expressed its readiness to cooperate with the Iraqi government to strengthen the banking sector in the country. link
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Tishwash: The Iraqi Central Bank informs France of the plan to restructure government banks
The Central Bank of Iraq confirmed, on Thursday, that the plan to restructure government banks will change the map and reality of the banking sector in Iraq.
A statement from the bank received by Shafaq News Agency stated, “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the French Ambassador to Baghdad, Patrick Durel, and the meeting dealt with ways to strengthen banking relations between the two countries, and His Excellency the Governor gave a comprehensive explanation of the relations and economic conditions, as well as the government’s directions.”
“In consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq.”
The meeting also clarified "the plan to restructure government banks, which enjoys support and regular follow-up by the Prime Minister, indicating that this plan will change the map of the banking sector and its reality in Iraq."
The Governor of the Central Bank also pointed to "the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations."
For his part, the French ambassador expressed satisfaction with the developmental and economic developments he observed in Iraq, especially during his tour of the provinces, expressing his country's readiness to strengthen and develop banking relations with Iraq.
The ambassador explained that the economic relations between the two countries are growing at the level of entry of French companies and the use of their expertise in investment projects.
The French ambassador invited the Governor of the Central Bank of Iraq, after making the necessary arrangements, to visit the financial and banking institutions in France, especially the Central Bank of France.
It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have had distinguished cooperation relations over many years. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man If they were going to have a budget based off the exchange rate of 1310 why would you be keeping it close to your chest so long? Why would you be waiting and waiting and waiting and waiting and waiting? You wouldn't.
Frank26 Who tells the CBI they can raise the value of their currency? IMF...The US Treasury has its own problems. It's called the American dollar. The CBI works with the IMF. Go to the IMF website and look up the Iraqi dinar. It's going to tell you the Iraqi dinar is going through a reevaluation and a reinstatement adding value to its currency.
What US Bankers Never Told Us About Iraq's Banking System
Edu Matrix: 5-9-2024
What US Bankers Never Told Us About Iraq's Banking System. Why US bankers believed the IQD would not readjust. How Iraq fooled those who doubted.
SHOCKING Video of the Top US Economic Advisor Reveals the Truth
Lena Petrova: 5-9-2024
“Tidbits From TNT” Thursday 5-9-2024
TNT:
Tishwash: JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
JP Morgan believes that there are three main countries in the oil alliance that deserve to upgrade their supplies for the year 2025.
Natasha Caneva, an analyst at JP Morgan, said in a recent report that the United Arab Emirates, Kazakhstan and Iraq intend to increase their total capacity by more than 300,000 barrels per day starting next year, but the planned expansions may represent risks to the cohesion of the alliance and oil prices in general. .
Caneva said: “The main issue for OPEC lies in 2025. Even if the alliance keeps supply restrictions as they are this year, it “does not address the imbalances in 2025.”
The price of Brent crude is expected to remain in the range of $75-90 per barrel in most scenarios, with average prices reaching $82 per barrel in 2025, according to Goldman Sachs. link
TNT:
Tishwash: JP Morgan forecasts an increase in the oil capacity of Iraq and other countries in 2025
JP Morgan believes that there are three main countries in the oil alliance that deserve to upgrade their supplies for the year 2025.
Natasha Caneva, an analyst at JP Morgan, said in a recent report that the United Arab Emirates, Kazakhstan and Iraq intend to increase their total capacity by more than 300,000 barrels per day starting next year, but the planned expansions may represent risks to the cohesion of the alliance and oil prices in general. .
Caneva said: “The main issue for OPEC lies in 2025. Even if the alliance keeps supply restrictions as they are this year, it “does not address the imbalances in 2025.”
The price of Brent crude is expected to remain in the range of $75-90 per barrel in most scenarios, with average prices reaching $82 per barrel in 2025, according to Goldman Sachs. link
Tishwash: Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in Iraq
Sudanese announces the signing of an agreement with Japan to finance small and medium enterprises in Iraq
The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, announced this morning, Thursday, the signing of an agreement with Japan to finance small and medium enterprises, amounting to $300 million, which will contribute to revitalizing and establishing the national industry.
This morning, Al-Sudani launched work on the Al-Ittihad Mills Project, in the city of Al-Madhatiya in Babil Governorate, one of the private sector projects, to produce zero-grade flour locally, with a production capacity of one million tons.
He also opened the sugar factory expansion project at Al-Ittihad Company, after adding new production lines for sugar production, raising the factory’s production capacity from (4,200) tons per day to (6,000) tons per day.
He also opened a vegetable oil extraction plant, a plant feed production plant, and a premix plant in the company.
Al-Sudani pointed out, in his speech, that this development is a success story in the private sector, stressing the unlimited support from the government. For the sake of more job opportunities, as it currently accommodates approximately 4,000 opportunities within the company’s activities, in addition to increasing production and providing its surplus in the future for export outside Iraq.
He called on businessmen and private sector companies to take advantage of the investment opportunities offered and the sovereign guarantees provided by the state through the three-year budget law.
Al-Ittihad Food Industries Company Limited in Babil Governorate is one of the largest industrial companies in Iraq, and includes six factories: Sugar refining plant, vegetable oil refining plant, vegetable feed production plant, soybean meal extraction plant, premix production plant, and yellow corn crushing and drying plant. link
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Cutebwoy: NY Times article from 1991 reporting the revaluation of the Kuwaiti dinar
Jul 19, 2013
When Iraq invaded Kuwait in August of 1990, the value of the Kuwaiti dinar dropped to about 5 cents. In other words, it took 20 Kuwaiti dinars to buy one dollar.
In February of 1991 Iraq was expelled from Kuwait, and a month later, the banks revalued their currency to $3.47, the highest valued currency in the world. When this occurred, the New York Times reported the event on March 25, 1991.
It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency.
Banks reopened for the first time since Iraqi occupation forces shut them down in December. Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money….
All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid. The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
At the same time, the UN put Iraq under trade sanctions, crashing the value of the Iraqi dinar (IQD) from $3.22 to about 4000 to the dollar. Their currency could only be spent in Iraq itself, and people had to carry around wads of 25,000 dinar notes to buy groceries.
Then in 2003 coalition forces invaded Iraq and overthrew Saddam Hussein. By 2004 we gave them a new currency without Saddam’s picture on it. The value soon doubled and went up to 2000 to the dollar. A few years ago the Central Bank of Iraq managed to stabilize the value at 1166 per dollar.
On June 27, 2013 the UN removed Iraq from Chapter VII sanctions, allowing Iraq to regain control of close to $80 Billion in frozen funds that had been sitting in western banks since 1990. This also allowed Iraq to be reinstated on the world’s banking network, as soon as they are ready. At the same time many expect to see the IQD revalued at or near its former position
Mot: .. I Say!!! -- I Say!!! -- I Say!!! –
Mot: and You Thought You were Busy!!!!.................
News, Rumors and Opinions Thursday AM 5-9-2024
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. 9 May 2024 Compiled Thurs. 9 May 2024 12:01 am EST by Judy Byington
Judy Note: Things were warming up: Our Global Financial System that was packed with fiat monies, was on the verge of collapse, so on Wed. 1 May 2024, the gold/asset-backed Global Currency Reset of 209 countries began to roll out to save the system.
Global Currency Reset: (RUMORS)
Tues. 7 May Bruce: The Military gave the green light to release the monies on Mon. 29 April. Wells Fargo gave the green light on Mon 6 April. Tier 4 a,b notification could come out anywhere from 2 pm Wed. 8 May to 10:30 am on Thurs. 9 May.
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. 9 May 2024
Compiled Thurs. 9 May 2024 12:01 am EST by Judy Byington
Judy Note: Things were warming up: Our Global Financial System that was packed with fiat monies, was on the verge of collapse, so on Wed. 1 May 2024, the gold/asset-backed Global Currency Reset of 209 countries began to roll out to save the system.
Global Currency Reset: (RUMORS)
Tues. 7 May Bruce: The Military gave the green light to release the monies on Mon. 29 April. Wells Fargo gave the green light on Mon 6 April. Tier 4 a,b notification could come out anywhere from 2 pm Wed. 8 May to 10:30 am on Thurs. 9 May.
The Gazetteller reported that as of Wed. 1 May the Latin American nations of Colombia, Brazil, and Chile became the first to exchange foreign currency in the Global Currency Reset. The U.S. was expected to lag behind by three weeks but this delay was strategic. It allowed potential security flaws to be patched up before the RV reached American soil.
Wed. 8 May Banker: “Well folks, a banker was provided with a specific date where he would have his trained exchange specialists in position to begin the currency exchanges. This means a window of scheduling appointments will commence prior to having his staff being in position. While he could not provide me the date he did indicate without any unforeseen issues that could delay it will occur this month. Well Folks, we may in fact enjoy the most memorable Mother’s Day in history. Say your prayers.”
Tues. 7 May Wolverine: “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.”
Mon. 6 May 2024 Wolverine: “It has started. It has started. It has started. It has started. It has started. It has started. It has started. It has started. What I can tell you is that we are liquid. The money is actually available. It’s just a matter of time in order for the Green Light to be given. Exchanges have started. I’ve been told not to say anything more. I can’t give you a date. Remember, it’s a military operation, but we are defiantly close. Take care. Have a beautiful day. Wolverine.”
Mon. 6 May 2024 MarkZ: “I absolutely know this has started. I know people who now have dollars. According to my best contacts in the group, there was an interesting movement of money over the weekend. It’s clearly positioned to go, but I’m not sure we’ll see it today. Wolverine says 1,000% it will go today. We’ve seen a lot of money movement over the weekend so it could go today. I’m not quite certain, though there’s certainly a potential.”
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Wed. 8 May 2024 Ginger’s Liberty Lounge on Telegram:
Very encouraging fact that Iraq is going to such extreme lengths to educate their citizens, even their youth, on preparing for massive economic inclusion.
Remember, they are expecting their financial windfall to come, and it’s not only from their increase in the IQD international exchange rate. But the citizens also will receive monetary stipends coming from sales from oil. This is a very exciting time for Iraq!! I’m super happy for them!!
Also, let’s remember the fact how Al Sudani had educated Iraqis on the fact that their currency shall be much more valuable than the USD, therefore more desirable to hold. They’ve been given Q cards and moved to a digital banking system and highly encouraged to utilize the banking system to prepare them for this transition.
Prior to these educational efforts, 70% of Iraq citizens had never used a bank. Now, currently, only 20% – 30% are still transitioning over and are learning the benefit of getting away from USD. Using IQD is required inside country borders. The progress they’ve made has been fantastic.
Read full post here: https://dinarchronicles.com/2024/05/09/restored-republic-via-a-gcr-update-as-of-may-9-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 No one knows how much time you're going to have in order to trade in the 3 zero notes. But the IMF does regulate all central banks and forces them to give a time frame. That last time this happened with the Iraq dinar was about 10 years ago. The 50 note. The CBI came out and said we cancel it...They gave everybody 3 months. Now they're all null and void. You can't exchange for anything.
Wolverine [via Judy Byington] “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.”
Alert! EXPECT MASS CURRENCY DEVALUATION. INCREASE YOUR EXPOSURE TO COMMODITIES.
Greg Mannarino: 5-8-2024
Goldilocks' Comments and Global Economic News Wednesday Evening 5-8-24
Goldilocks' Comments and Global Economic News Wednesday Evening 5-8-24
Good Evening Dinar Recaps,
A Regulated Settlement Network | LedgerInsiights
A Regulated Settlement Network is the practical use of tokenized deposits, wholesale Central Bank money, U.S. Treasuries and other tokenized assets.
This project is being done on a shared ledger as part of the Regulated Settlement Network (RSN). "Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp are participating in this pilot program."
The goal is to test payment settlements on a common regulated network. It is to witness the efficiency of coordinating existing laws through the use of simulating USD delivery versus payment transactions.
The Federal Reserve Bank of New York will be assessing this DLT Digital Ledger Technology System for incorporation inside the new digital economy. © Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 5-8-24
Good Evening Dinar Recaps,
A Regulated Settlement Network |
A Regulated Settlement Network is the practical use of tokenized deposits, wholesale Central Bank money, U.S. Treasuries and other tokenized assets.
This project is being done on a shared ledger as part of the Regulated Settlement Network (RSN).
"Citi, J.P. Morgan, Mastercard, Swift, TD Bank N.A., U.S. Bank, USDF, Wells Fargo, Visa, and Zions Bancorp are participating in this pilot program."
The goal is to test payment settlements on a common regulated network. It is to witness the efficiency of coordinating existing laws through the use of simulating USD delivery versus payment transactions.
The Federal Reserve Bank of New York will be assessing this DLT Digital Ledger Technology System for incorporation inside the new digital economy. Ledgerinsights
© Goldilocks
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👆I do believe our new tokenized asset regulations through MICA and new Stablecoins will fit well inside the new regulated payment system above.
© Goldilocks
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Capital gains tax rates under Joe Biden's plan: Twitter
Georgia - 50.09%
Iowa - 50.3%
Kansas - 50.3%
Idaho - 50.4%
Nebraska - 50.44%
Maine - 51.75%
Oregon - 54.5%
Minnesota - 55.45%
New York - 55.5%
New Jersey - 55.5%
California - 57.9%
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Big money has already moved in and bought gold - Brien Lundin says investors aren't waiting | Youtube
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Ripple Vs. SEC: Sealed Remedies Reply Filed, What's Next? | Bitcoinist
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BRICS is planning to establish its own central bank to issue a new common currency.
Russia’s Deputy Foreign Minister, Sergei Ryabkov, emphasized that creating a central bank is crucial for the currency’s launch.
The project has faced challenges and complexities, especially after BRICS doubled in size. Cryptopolitan
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Geopolitics and Its Impact on Global Trade and the Dollar - Gita Gopinath | Youtube
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The Global Solar Power Boom Is Driving a Surge in Silver Demand - WSJ
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BRICS Brace for Potential International Monetary System Collapse | CoinTribune
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IQD 60-Second Iraqi News Update 5/8/24 #iraq #iqd Rate | Youtube
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CFTC Chair Predicts Tsunami Of Crypto Enforcement Actions In Next 2 Years | Bitcoinist
The CFTC Chair acknowledges the challenges of getting legislation passed but notes the momentum and desire from lawmakers to close regulatory gaps, particularly in stablecoin legislation.
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Is Ripple's XRP the Key to BRICS' New Monetary Project to Finally Ditch the US Dollar in 2024? | Crypto News Flash
Following the confirmation that the BRICS alliance is developing a stablecoin, the community is speculating that Ripple’s XRP could be leveraged. Russian Minister of Foreign Affairs confirmed that the alliance will launch a stablecoin to facilitate international transfers.
With its reputation for instant cross-border payments, Ripple could be a major player if the BRICS countries move forward with their de-dollarization stablecoin project, as hinted at by Sergei Ryabkov’s announcement.
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Will Central Bank Digital Currencies Undermine Gold's Value? | Oil Price
CBDCs pose a threat to gold's traditional role as a store of value and hedge against inflation due to their potential for increased centralization and control over individual finances.
As CBDCs are rolled out and cash is phased out, gold and silver may emerge as the primary means of transacting outside the centralized digital currency system, leading to a potential surge in their value.
Legislators are divided on the issue, with some recognizing the threat posed by CBDCs and advocating for the protection of precious metals holders, while others believe CBDCs may become inevitable despite concerns about individual freedoms and financial privacy.
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Currently, we have regulations taking place for Stablecoins, Tokenized Assets, and a Regulated Settlement System.
Think of this as paying for assets to go into your portfolio (Tokenized Assets) inside of a Banking System capable of making transactions (Settlement System) for you with the Dollar (soon to be XRP Stablecoin).
The entire QFS is now currently going through the Regulation process as we speak.
© Goldilocks
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The worst thing we could do if stablecoins are being misused around the world is to step away and not regulate them," says @SenLummis, who together with @SenGillibrand | Twitter
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👀 This is Yuge!
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The US Dollar Is So Strong That China's Central Bank, Among Others, Just Keeps Loading Up On Gold
The US Dollar Is So Strong That China's Central Bank, Among Others, Just Keeps Loading Up On Gold
Huileng Tan Wed, May 8, 2024,
China's economy is struggling, leading to a surge in gold purchases as a safe-haven asset.
Central banks are on a gold-buying spree, contributing to record-high spot gold prices.
Other central banks are also snapping up gold to diversify their assets on the back of a strong greenback.
China's economy is in a funk and people are rushing out to buy gold as a safe-haven asset to hedge against economic uncertainties, sending prices of the precious metal to record highs.
The country's central bank has also gotten into the act, adding 60,000 troy ounces of gold to its stash in April, according to official data released on Tuesday. It marked the 18th straight month the People's Bank of China was piling in on gold.
But it's not just about economic uncertainty. The heightened interest in gold is also a pushback to the strong US dollar, which is making it too expensive for emerging nations like China to import goods.
The US Dollar Is So Strong That China's Central Bank, Among Others, Just Keeps Loading Up On Gold
Huileng Tan Wed, May 8, 2024,
China's economy is struggling, leading to a surge in gold purchases as a safe-haven asset.
Central banks are on a gold-buying spree, contributing to record-high spot gold prices.
Other central banks are also snapping up gold to diversify their assets on the back of a strong greenback.
China's economy is in a funk and people are rushing out to buy gold as a safe-haven asset to hedge against economic uncertainties, sending prices of the precious metal to record highs.
The country's central bank has also gotten into the act, adding 60,000 troy ounces of gold to its stash in April, according to official data released on Tuesday. It marked the 18th straight month the People's Bank of China was piling in on gold.
But it's not just about economic uncertainty. The heightened interest in gold is also a pushback to the strong US dollar, which is making it too expensive for emerging nations like China to import goods.
The Dollar Index — which measures the value of the green against a basket of six other currencies — has risen 4% this year and 10% since the start of 2022. This is due to the Federal Reserve's interest-rate hikes since March 2022, which tend to strengthen the dollar.
The Chinese yuan has lost 1.6% against the dollar this year to date. It's down 4% over the past 12 months and about 12% lower against the greenback since the start of 2022.
Other central banks are also loading up on gold. Big gold buyers include China, Turkey, and India, the World Gold Council, or WGC, wrote in a report last week.
"Accounting for almost a quarter of annual gold demand in both those years, many have attributed central banks' ongoing voracious appetite for gold as a key driver of its recent performance in the face of seemingly challenging conditions: namely, higher yields and US dollar strength," wrote the council.
In all, the world's central banks bought 290 tons of gold in the first quarter of this year — the strongest start to any year on record, per the WGC.
Central banks are not done buying gold
Even though central banks have bought a whole lot of gold since 2022, they may not be done yet, said the WGC.
"Not only is the long-standing trend in central bank gold buying firmly intact, it also continues to be dominated by banks from emerging markets," the WGC added.
To Read More:
https://finance.yahoo.com/news/us-dollar-strong-chinas-central-173902306.html
More News, Rumors and Opinions Wednesday PM 5-8-2024
TNT:
Tishwash: America does not intend to leave while the government shakes hands with it economically
Former MP Fadel Al-Fatlawi said on Wednesday that America is very evasive about the exit of its forces from Iraq, despite the agreements it signed with the Iraqi government and the arms contracts for the Iraqi army, as well as the economic agreements and investments granted to Washington.
Al-Fatlawi said in a statement to the Al-Ma’louma Agency, “Al-Araqi committed America to agreements to leave the country, and the government is proceeding with these measures by forming specialized committees as part of its duties,” noting that “the American side does not intend to exit and is evading a lot in this file despite the security and economic agreements.” .
He continued, "The withdrawal of the Americans from Iraq is a public political demand that the government must implement," noting that "during the coming period, we may witness a scheduling of exit and gradual withdrawal due to pressure."
TNT:
Tishwash: America does not intend to leave while the government shakes hands with it economically
Former MP Fadel Al-Fatlawi said on Wednesday that America is very evasive about the exit of its forces from Iraq, despite the agreements it signed with the Iraqi government and the arms contracts for the Iraqi army, as well as the economic agreements and investments granted to Washington.
Al-Fatlawi said in a statement to the Al-Ma’louma Agency, “Al-Araqi committed America to agreements to leave the country, and the government is proceeding with these measures by forming specialized committees as part of its duties,” noting that “the American side does not intend to exit and is evading a lot in this file despite the security and economic agreements.” .
He continued, "The withdrawal of the Americans from Iraq is a public political demand that the government must implement," noting that "during the coming period, we may witness a scheduling of exit and gradual withdrawal due to pressure."
It is noteworthy that Iraq bought 41 F-16 aircraft from America, in addition to contracts to arm the Iraqi army, while security forces believe that Iraq can wave the arming card against the Americans to force them to leave. link
Tishwash: Is Iran dependent on Malaysia to circumvent US sanctions?
A senior US Treasury official confirmed that Iran relies on Malaysian service providers to circumvent sanctions and sell its oil in the region.
Washington has imposed tough sanctions on Iran and its proxies, seeking to deprive it of funds it says it uses to destabilize the Middle East.
The official, requesting anonymity, said that Tehran's oil sales in East Asia financed armed groups allied with it, including Hamas and the Houthis.
The source reported that oil shipments were sent to buyers in the region via waters near Singapore and Malaysia.
The official added, “Iran’s ability to transport oil depended on... this type of service provider based in Malaysia.” We want a direct dialogue with Malaysia on this matter.”
He continued, "Stopping these oil shipments will deal a decisive blow to Iran's ability to finance these attacks around the world, including attacks by the Houthis, who are currently threatening commercial shipping."
The US Treasury Department will cooperate with shipping companies and banks in Singapore and Malaysia to stop the sales, according to the official.
He explained that Washington is also seeking to “prevent Malaysia from turning into a jurisdiction where Hamas believes it can collect money and then transfer it.”
US Treasury Secretary Janet Yellen announced last month that Washington is working to reduce Iran's ability to export oil, suggesting that "we can do more." link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. You have no idea, investor of the Iraqi dinar, what you have invested in. Phosphates...sulfur...diamonds...gold...silver...oil, gas, all the mining companies are lining up and it's all these industries, they are the factors that will drive the dinar up internationally.
Mnt Goat Can you see just how close Iraq is to fulling Al-Sudani’s promise of making the dinar a proud national currency once again. Also remember too that he did say it “was” valued over a dollar already...
Tom Luongo: We're Now Deep In The Bifurcation Of The Global Financial System
Arcadia Economics: 5-8-2024
We're seeing the sanctions heat up again, while rates have risen in the US, which has led to a new level of pressure on global financial system.
So it's a great time to check in with Tom Luongo of Gold, Goats, 'n Guns, who shares how the geopolitics fit in with the finances, and where the world is headed from here.
Tom talks about why we're now deep into the bifurcation of the global financial system, how the Fed is really planning to navigate the delicate balance between more inflation and higher rates, and how the world is responding to the concerns about the US treasury as a store of energy value.
To find out more with a great recap of where it all stands, click to watch the video now!
https://www.youtube.com/watch?v=uo5nRJj1vpM
Note: Bifurcation: the fact that something is divided into two parts or the act of dividing something into two parts ot the division of something into two branches or parts:
Dollar In Terminal Decline; The "Experts" Are Failing Us | Andy Schectman
Dollar In Terminal Decline; The "Experts" Are Failing Us | Andy Schectman
Liberty and Finance: 5-7-2024
Inflation is not going away, says Andy Schectman of Miles Franklin Precious Metals. He argues "this pipe dream of a soft landing and lowering rates is off the table."
The US dollar is in "terminal decline." While the US weaponizes its currency, other countries are slowly joining forces with one another and decreasing their dependence on the US.
The only way to fund the US's massive deficits will be to print currency as many nations stop buying Treasuries, he forecasts.
Dollar In Terminal Decline; The "Experts" Are Failing Us | Andy Schectman
Liberty and Finance: 5-7-2024
Inflation is not going away, says Andy Schectman of Miles Franklin Precious Metals. He argues "this pipe dream of a soft landing and lowering rates is off the table."
The US dollar is in "terminal decline." While the US weaponizes its currency, other countries are slowly joining forces with one another and decreasing their dependence on the US.
The only way to fund the US's massive deficits will be to print currency as many nations stop buying Treasuries, he forecasts.
INTERVIEW TIMELINE:
0:00 Intro
1:20 Cryptocurrency convention
3:05 Preservation vs speculation
8:00 Jared Bernstein's interview
13:44 The decline of the America
“Tidbits From TNT” Wednesday 5-8-2024
TNT:
Tishwash: A parliamentary understanding to extend the legislative term to approve the 2024 budget schedules
Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, revealed today, Wednesday, that there is an understanding to extend the legislative term of Parliament to approve the 2024 budget schedules.
Al-Dulaimi said, in an interview followed by Al-Iqtisad News, that “the current situation requires extending the current legislative term of the House of Representatives and postponing its recess for a month until the 2024 budget schedules are approved.”
She added, "The Parliamentary Finance Committee is ready to receive the budget schedules and work on them as soon as they reach the House of Representatives."
She continued, "The current legislative term needs to be extended to complete many important legislations for the coming period, including the budget law schedules for the fiscal year 2024." link
TNT:
Tishwash: A parliamentary understanding to extend the legislative term to approve the 2024 budget schedules
Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, revealed today, Wednesday, that there is an understanding to extend the legislative term of Parliament to approve the 2024 budget schedules.
Al-Dulaimi said, in an interview followed by Al-Iqtisad News, that “the current situation requires extending the current legislative term of the House of Representatives and postponing its recess for a month until the 2024 budget schedules are approved.”
She added, "The Parliamentary Finance Committee is ready to receive the budget schedules and work on them as soon as they reach the House of Representatives."
She continued, "The current legislative term needs to be extended to complete many important legislations for the coming period, including the budget law schedules for the fiscal year 2024." link
Tishwash: Parliament decided to extend the legislative term by one month
Representative Alaa Al-Haidari revealed today, Wednesday, the House of Representatives’ intention to vote tomorrow to extend the legislative term for an additional month until the current year’s budget schedules are discussed.
Al-Haidari told Al-Maalouma, “Extending the legislative term requires a vote by members of the House of Representatives in accordance with the constitution and internal regulations.”
He added, "The decision to extend came due to the country's need to legislate the budget schedules for the current year according to the internal regulations of the House of Representatives."
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Tishwash: 88 projects awaiting resolution.. What will happen to the stalled laws in Parliament? - Urgent
Today, Wednesday (May 8, 2024), the Parliamentary Legal Committee revealed that there are 88 draft laws awaiting resolution, while it expected that the next legislative term will witness voting on many of them.
Committee member Murtada Al-Saadi said in an interview with “Baghdad Today” that “the committee is continuing to follow up on the laws and their proposals, whether basic or subsidiary, by participating in them,” pointing out that “88 laws currently exist within the committee, including 15 basic laws, and the committee is working to complete them.” Its provisions will be approved to proceed to a vote.
He added, "Many laws and their proposals were submitted to the Acting Speaker of the House of Representatives, expecting that the next legislative term will witness the resolution of quite a few of them, the first and second reading of which have been completed."
He explained, "Some laws were withdrawn by the government, whether they had political or financial implications, awaiting their referral in accordance with the amendments it wanted in order to proceed with them."
On (April 18, 2024), a member of the Parliamentary Legal Committee, Representative Omid Muhammad, confirmed the presence of 150 draft laws on the table of the permanent committees of the House of Representatives .
Muhammad said in a statement to “Baghdad Today” that “his committee is following up on draft laws and their amendments proposed by the permanent 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 House of Representatives is in the shadow of “The failure to decide whether to vote on a candidate will reflect negatively on the issue of legislation .”
He called for "the need for the state administration coalition to take 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 necessity of proceeding 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 requires resolving the rest of the files in order to proceed with them," pointing out that "resolving the People with Disabilities Law and voting on it 3 days ago represents a step." An important task during the legislative term of the Council to resolve the rights of an important segment link
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CandyKisses: Iran plans to export $3 billion worth of goods to Iraq through the Mehran port
The head of customs in Ilam province, Sohrab Kamri, announced on Wednesday plans to export goods worth $ 3 billion to Iraq through the Mehran border crossing during this year.
Iran's semi-official Mehr news agency quoted Kamari as saying, "Mehran's international border ranks ninth among the country's 38 customs, special economic and free trade zones."
"Last year, goods worth one billion and 177 million and 119 thousand dollars were exported through the Mehran port to Iraq, and this amount is expected to rise to 3 billion dollars during this year," he said.
"700 cargo trucks cross these borders daily," he said, noting that "most of the exported goods are fruits and vegetables, plastic products, cooling and heating devices, power plant products, building materials and iron tools."
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Tishwash: Iraqi Airways is preparing to open a new line to China
The Ministry of Transport revealed the readiness of Iraqi Airlines to open an airline and flights with the Chinese capital, Beijing.
A statement from the ministry, a copy of which {Al-Furat News} received, said, “Under the supervision of the Director General of Iraqi Airways, Manaf Abdel Moneim Urgent, and in cooperation with the Embassy of the Republic of Iraq in Beijing, represented by Ambassador Shorsh Khaled Saeed, the company’s office, the general agent in Beijing, organized a celebration on the occasion of the tenth anniversary of direct flights.” Between Baghdad and Kwangju.
He added, "The celebration, which was attended by a number of ambassadors, directors of the Chinese Civil Aviation Authority, heads and representatives of companies operating in Iraq, and reputable Chinese companies, witnessed several activities that reflected the ancient Iraqi and Chinese civilizations, the deepening of partnerships, friendship and cooperation between the two countries, and the encouragement of their citizens to travel via the national carrier between Iraq and China, because of the importance this line represents." An important opportunity for all commercial and cultural activities.”
The statement pointed out that "this anniversary coincides with a time when Iraqi Airways is preparing to open its second destination to China, specifically to the capital, Beijing, where work is underway to complete all necessary requirements for operating flights between the Iraqi capital, Baghdad, and the Chinese capital, Beijing, passing through Basra and Al-Fayha."
Mot: . and Another ""Awareness Tip"" on raising the Wee Folks –
Mot: .. LOL ~~~ Found this un Great !!!
News, Rumors and Opinions Wednesday AM 5-8-2024
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 Excerpt from the Restored Republic via a GCR: Update as of Wed. 8 May 2024 Compiled Wed. 8 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
The Gazetteller reported that as of Wed. 1 May the Latin American nations of Colombia, Brazil, and Chile became the first to exchange foreign currency in the Global Currency Reset. The U.S. was expected to lag behind by three weeks but this delay was strategic. It allowed potential security flaws to be patched up before the RV reached American soil.
Tues. 7 May Wolverine: “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.”
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 Excerpt from the Restored Republic via a GCR: Update as of Wed. 8 May 2024
Compiled Wed. 8 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
The Gazetteller reported that as of Wed. 1 May the Latin American nations of Colombia, Brazil, and Chile became the first to exchange foreign currency in the Global Currency Reset. The U.S. was expected to lag behind by three weeks but this delay was strategic. It allowed potential security flaws to be patched up before the RV reached American soil.
Tues. 7 May Wolverine: “I have been told to shut up and I can accept that. What I can tell you is that they said that this will be a Golden Week. I don’t want to be a part of anything that would disturb the process. At the moment it is all good. I’m very confident that this is the week that we have been waiting for. Have a beautiful, beautiful day.”
Mon. 6 May 2024 Wolverine: “It has started. It has started. It has started. It has started. It has started. It has started. It has started. It has started. What I can tell you is that we are liquid. The money is actually available. It’s just a matter of time in order for the Green Light to be given. Exchanges have started. I’ve been told not to say anything more. I can’t give you a date. Remember, it’s a military operation, but we are defiantly close. Take care. Have a beautiful day. Wolverine.”
Mon. 6 May 2024 MarkZ: “I absolutely know this has started. I know people who now have dollars. According to my best contacts in the group, there was an interesting movement of money over the weekend. It’s clearly positioned to go, but I’m not sure we’ll see it today. Wolverine says 1,000% it will go today. We’ve seen a lot of money movement over the weekend so it could go today. I’m not quite certain, though there’s certainly a potential.”
Tier4b (us, the Internet Group) would be sent an email containing a code and a link to set up a 15 min. foreign currency Exchange/Zim Bond Redemption Appointment.
Those Humanitarians redeeming the 2008 to 2009 Zimbabwe Bond (most the redemption money to be used for Humanitarian purposes) would be required to sign an NDA.
Tues. 7 May 2024 Al-Sudani welcomed the Arab Banks Conference in Baghdad that confirmed Iraq’s accession to the World Trade Organization. The World Trade Meeting goes now til Thursday the 9th. It means that we have a new Iraqi Dinar Rate, we just don’t know what it is yet.
Tues. 7 May 2024: Zimbabwe is arresting black market currency dealers! In order for the new Zig currency to be valued at a fair market rate, other currencies must stop being used. Zimbabwe’s illegal forex dealers use WhatsApp to find clients, evade police. https://www.aljazeera.com/features/2024/5/7/zimbabwes-illegal-forex-dealers-use-whatsapp-to-find-clients-evade-police
~~~~~~~~~~
Tues. 7 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865
This is not a taxable event.
Emails went out today to Bond introducers which said they would have access to funds on Wed. 8 May.
On Wed. 8 May Bond Paymasters will be emailed their notification that will give them the amount they have in their account and will have access to that account later that day.
The Military gave the green light to release the monies on Tues. 30 April.
Wells Fargo gave the green light on Mon 6 April.
Banks are bringing personnel up to date on protocols on how to exchange.
Tier 4 a,b notification could come out anywhere from 2 pm Wed. 8 May to 10:30 am on Thurs. 9 May.
~~~~~~~~~~
· Iraq, once the financial crown jewel of the world, has rediscovered its immense natural wealth. The value of the Iraqi dinar was unmatched in its prime, and now, as it taps into its natural gas reserves and cranks up oil extraction, its potential seems limitless. The nation has risen from the ashes, more robust than ever before.
· The framework for a new global financial order is already in place. The Basel III endgame is a strategic blueprint, increasing capital reserves to prevent another catastrophic collapse. It’s a safeguard, but also a double-edged sword, wielded to reshape the global financial chessboard.
· Meanwhile, Vietnam and Zimbabwe are preparing to jump into the fray. Vietnam has announced its readiness to intervene in Forex, while Zimbabwe has unveiled its gold-backed Zig currency, a pivotal linchpin in the global currency reset. Zimbabwe Bonds are key to this plan, with the nation described as a “gold mine surrounded by diamonds.” The world has underestimated this African powerhouse, but now, it’s leading the charge toward a golden age.
US Treasury Bond Futures are beginning to collapse, heralding a broader market downturn coming in the near future. Add to this that the rest of the world is offloading US fiat, Federal Reserve-backed Treasury Bonds at speeds not seen ever before, and the coming downturn in US/North American markets is likely to be significant.
BRICS Announcement: “According to Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, talks on how the new currency will work have started and an agreement may be reached by the end of this year.” The plan is for this currency to be supported by gold, various precious metals, and other assets. The purpose is for the BRICS Nations to be able to trade with one another and no longer have to deal with US sanctions on their currencies. …Goldilocks
Read full post here: https://dinarchronicles.com/2024/05/08/restored-republic-via-a-gcr-update-as-of-may-8-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Who's forcing this monetary reform to come out/this new exchange rate? The citizens of Iraq? Sudani the prime minister? The US Treasury? They sure want a windfall don't they for the Federal reserves. The CBI? You and I? The answer is all of the above is forcing it. That's what's wonderful about it. We are all on the same page. We are all in cahoots. We all agree.
Yada ...the news is outstanding regarding the progress of the Council of ministers having approved the budget schedules. What is important...the rates were set with the US visit, council of ministers approved or amended the rates...all before Parliament sees it, WE are about to see the rates that the Parliament will see at the same time. All by design to keep them from interfering...Im expecting this evening into the morning to seeing our expected end. The world waits the release and I believe it is upon us.
Over 900 Banks Are In Real Trouble Now
Atlantis Report: 5-7-2024
The banking industry is a crucial part of the economy, but it is currently facing a crisis that could lead to collapse.
The recent failures of Silicon Valley Bank and Signature Bank have caused shockwaves in the financial world, and there is concern that this is only the beginning of a larger, catastrophic event.
More than 900 banks applied for the Bank Term Funding Program last year, and now they are facing the challenging task of paying back those loans.
If one of these banks fails and cannot repay their loan, it could trigger a domino effect of repayment difficulties for other banks, leading to serious consequences and economic anxiety.
Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24
Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24
Good Evening Dinar Recaps,
For the last three and a half years, we have been talking about the new digital economy. We have talked about legislative bills and infrastructure Networks being built to support the new digital banking system.
Currently, we are witnessing several legislative bills moving through Congress today. And, we are witnessing regulations this month formulate new guidelines for this new digital economy.
Earlier this year, we witnessed Protocol 20 begin the process of expansion of networks connecting to each other inside Quantum Technological Protocols.
Payment systems will begin emerging onto the scene as each of these new tokenized assets is currently in the regulation process along with discussions in Congress to push them forward.
At this point, credit valuation adjustments will begin to occur inside the new digital asset-based trading system. The time for price discovery through the movement of supply and demand is about to make itself known.
© Goldilocks
~~~~~~~~~
Goldilocks' Comments and Global Economic News Tuesday Evening 5-7-24
Good Evening Dinar Recaps,
For the last three and a half years, we have been talking about the new digital economy. We have talked about legislative bills and infrastructure Networks being built to support the new digital banking system.
Currently, we are witnessing several legislative bills moving through Congress today. And, we are witnessing regulations this month formulate new guidelines for this new digital economy.
Earlier this year, we witnessed Protocol 20 begin the process of expansion of networks connecting to each other inside Quantum Technological Protocols.
Payment systems will begin emerging onto the scene as each of these new tokenized assets is currently in the regulation process along with discussions in Congress to push them forward.
At this point, credit valuation adjustments will begin to occur inside the new digital asset-based trading system. The time for price discovery through the movement of supply and demand is about to make itself known.
© Goldilocks
~~~~~~~~~
HEARING
Hearing Entitled: SEC Enforcement: Balancing Deterrence with Due Process | Youtube
Tuesday, May 7, 2024 10:00 AM in 2128 Rayburn House Office Building
Capital Markets Subcommittee
Click here to view the Committee Memorandum.
Click here to view the LIVESTREAM of this hearing.
Witnesses
Mr. Andrew Vollmer, Senior Affiliated Scholar at the Mercatus Center and former SEC Deputy General Counsel
Mr. Nick Morgan, President and Founder, Investor Choice Advocates Network
Professor Paul Eckert, Professor of the Practice of Law, College of William & Mary Law School
Mr. John Reed Stark, President, John Reed Stark Consulting Legislation
H.R. 6695, the "Due Process Restoration Act of 2023, to authorize private parties to compel the Securities and Exchange Commission to seek sanctions by filing civil actions, and for other purposes"
H.R. ____, to clarify what constitutes a violation of the federal securities laws for purposes of determining penalty amounts
H.R. ____, to clarify the Securities and Exchange Act of 1934 with respect to civil money penalties and the authority to seek disgorgement
H.R. ____, to repeal the policy of the Securities and Exchange Commission set forth in 17 C.F.R. § 202.5(e)
H.R. ____, to clarify that, like with actions brought under the Securities Exchange Act of 1934, certain actions filed under the Securities Act of 1933 are required to be heard in federal court
H.R. ____ to codify the process to obtain waivers from certain disqualifications under the federal securities laws
H.J.Res. ____ , providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Reporting of Securities Loans”
H.J.Res. ____, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Short Position and Short Activity Reporting by Institutional Investment Managers”
H.J.Res. ____, providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Further Definition of ‘As a Part of a Regular Business’ in the Definition of Dealer and Government Securities Dealer in Connection With Certain Liquidity Providers”
H J Res. ____ , providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to “Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers”
--------------------
Take a look at this long list of legislative bills that are getting ready to be run through Congress today.
Each in some way deals with all the legislative bills we've been talking about on this channel regarding large hedge funds accounts, Exchange Act procedures, and more.
© Goldilocks
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Central banks must revise business model, embrace CBDCs — ECB member | CoinTelegraph
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RAISE-1 AI Robot Demos 49 Axes Humanoid Using This New Tech (“AGI-BOT” ANDROID, EL BRAIN) | Youtube
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The following keeps you from having to open multiple accounts up to the $250,000 limit FDIC insures.
Here is a way to protect your accounts beyond the normal FDIC caps of coverage.
Look at the following site and see what you think…LINK
If you look at their “participating banks” list, all the major players are there - WF, BofA, Chase, etc...
You can break down a list of participating banks in your state.
Your bank may just already have this available to you, check your state and bank.
Again, you don't know what you don't know.
Building relationships is key when managing wealth.
Always be in learning mode to new opportunities when talking to those in this arena. IntraFi
*Hint - Listen, Check, Validate and Act.
~~~~~~~~~
{Economic: Al-Furat News} The Ministry of Commerce announced the holding of the meetings of the third session of the Trade and Investment Framework Agreement between Iraq and the United States of America in Washington, D.C., after a break of more than nine years, headed by the Iraqi side, the economic agent Ghassan Farhan Hamid, and from the American side, the Office of Trade Representation.
The Economic Agent for Trade said in a statement to the Ministry that received a copy of it {Euphrat News} that “the meeting discussed many axes, the most important of which are the agricultural sector, standardization, qualitative control, financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector and government contracts.”
He pointed out “the confirmation during the meetings that the Iraqi government is open to all parties and that economic reform and diversifying the economy are among the priorities to be worked on, and that Iraq is ready to discuss any proposal that leads to strengthening relations between the two countries.” Search4Dinar
WATCH THE WATER
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Why Are Central Banks Buying So Much #Gold? | Youtube
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Learn about the Federal Reserve Bank of New York's gold vault | NewYorkFed
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Stellar Development Foundation Q1 2024 Report: Initiatives and Achievements Propel Growth | Crypto News
By Zoran Spirkovski
As 2024 unfolds, the Stellar Development Foundation (SDF) has released a comprehensive report detailing its accomplishments in the first quarter. The period was marked by significant milestones, including the launch of smart contracts on the network and a remarkable growth in asset value, reflecting Stellar’s increasing influence in the blockchain sector.
The year began with Stellar implementing smart contracts through its new platform, Soroban. This move is poised to revolutionize Stellar’s ecosystem by enhancing functionality and developer engagement. Moreover, the total value of real-world assets held on Stellar reached an impressive $533 million, underpinned by a substantial $1.6 billion in total payments volume processed this quarter. Stellar continues to offer extremely low transaction costs, averaging $0.000065, maintaining its position as a leader in cost efficiency.
Smart Contracts on Stellar: The Soroban Era
Soroban represents a significant leap forward for Stellar, providing a robust, Rust-based environment tailored for developing scalable and sensible smart contracts. This platform not only advances Stellar’s technological framework but also significantly expands its utility and appeal to developers.
The surge to $533 million in assets highlights Stellar’s growing role in financial services, especially through the tokenization of assets. This process enhances liquidity and market efficiency, presenting new opportunities for investment and asset management within the financial sector.
SDF’s efforts have been pivotal in enhancing financial inclusion, with a particular focus on facilitating access to financial services globally. The forthcoming Meridian 2024 conference, scheduled for October 15-17 in London, is set to celebrate these achievements and unveil future initiatives.
In its quest for global expansion and improved security, SDF has been actively engaging with the global community and strengthening its technological stack. A notable initiative is the Soroban Audit Bank (https://stellar.org/blog/developers/the-soroban-audit-bank-fostering-a-secure-smart-contract-ecosystem), which supports security audits for projects on Stellar, ensuring that Stellar remains a secure and reliable platform for all users.
Why It Matters: Stellar’s Strategic Vision
Stellar’s strategic initiatives are shaping a financial landscape that is more inclusive, efficient, and secure. The deployment of smart contracts and the expansion of asset tokenization are just examples of how Stellar is unlocking the potential of blockchain technology to foster a more connected and accessible financial world.
In conclusion, Stellar Development Foundation’s first quarter of 2024 has set a robust pace for the year. With smart contracts live and assets growing, Stellar is poised to further its mission of transforming the global financial landscape, making it more inclusive and efficient through blockchain technology.
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