“Tidbits From TNT” Sunday 5-12-2024

TNT:

Tishwash:  Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad

Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.

The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .

During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”

The statement added, "The meeting also witnessed a review of the current events in the Gaza Strip and the continued aggression against our Palestinian people, the human rights violations that violated all international moral standards, and the role of the international community, with its human rights and legal institutions and organizations, in stopping these organized crimes."  link

Tishwash:  Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the June meeting

 OPEC+ crude oil production decreased by 210 thousand barrels per day on a monthly basis, to 41.04 million barrels per day last April.

This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.

However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.

However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.

The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.

Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.

As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.

Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day.  link

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Tishwash:  Al-Sudani: Dozens of international companies compete to invest wealth in Iraq

On Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony of announcing licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas fields and exploratory blocks, distributed among 12 governorates, as these strategic projects will contribute to increasing investments in those governorates, which will help... Improving its economic and service reality.

Iraq expects to obtain more than 3,459 million standard cubic feet per day of gas, and more than one million barrels of oil per day, through these two rounds.

In a speech he delivered during the ceremony, according to a statement by his media office, Al-Sudani welcomed representatives of Arab and foreign companies, praising the efforts made by the Ministry of Oil, which is the beginning of greater efforts and opportunities that will be reflected in every aspect of our national economy.

He also expressed his appreciation for the efforts made by the relevant agencies and ministries, which resulted in creating the appropriate environment for launching these projects.

The Prime Minister referred to the government program that devoted a wide scope to the government’s vision of achieving the slogan (towards optimal investment of oil and gas), by adopting a new policy in investing oil wealth. He also stressed the commitment of the government and all state institutions to work away from bureaucracy and complex routine, in order to Facilitating the business and investment environment.

 The statement summarized the highlights of the Prime Minister’s speech:

The expected revenues must be used to advance the rest of the economic fields that our people are waiting for.

Iraq is a difficult number in the world's energy and oil wealth equation.

Our goal is to invest this wealth, starting with ending the burning of associated gas, which will stop within 3-5 years, and stopping the devastating environmental effects of this process.

We are heading to invest our oil production and transform it into petrochemical manufacturing industries.

Our goal is to convert 40% of oil production over the next 10 years into oil products.

Free gas investment, which is being implemented through the sixth round, is the most important investment for this idle wealth.

We are proceeding with integrated oil projects, which have been announced, and are being discussed with companies regarding them.

The establishment of a fixed gas platform in the Grand Al-Faw Port, together with the development road project, which includes an oil and gas transportation line, will establish a new situation for Iraq in the operating energy market.

The Ministry of Oil worked to prepare for these tours, through workshops and meetings with consultants.

We have dozens of international companies competing to invest wealth, and this is evidence of Iraq's increasing interconnectedness with the global economy.

We have initiated real reforms in tax, customs, and banking reform, to complete the ideal investment environment for the work of oil companies.

We direct the Ministry of Oil to formulate this policy and rush strongly without hesitation to develop optimal plans for investing wealth, and you will find full support from the government and the House of Representatives.

We will not pay attention to obstructive voices, and we stress the Ministry of Oil to take confident and expressive measures.

We call on investing companies to begin their tasks as soon as possible.

We were keen to distribute the projects in more than one governorate. To achieve the broadest development in all governorates of Iraq.  link

Mot:  . Seeeeeeeeeeeee - Told Ya!!! 

Mot:  ........ sorry 

Mot:  . whats its All about 

News, Rumors and Opinions Sunday Morning 5-12-2024

KTFA:

Frank26:  "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26

 Al-Sudani launches a package of new service projects in Babylon

 5/9/2024

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.

Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”

He added, "The projects include:

-Integrated projects for sewage, sewage, and rainwater in (Al-Qasim, Al-Hashimiyeh, and Al-Madhatiya districts), with a total amount of (364,500,000,000) dinars.

-An integrated project for sewage, sewage and rainwater networks for Al-Kifl district, amounting to 134.2 billion dinars.

-A link road with the highway (Basra - Baghdad), via the Imam - Anana district - to Al-Ibrahimiya in the Hindiyah district, at a cost of 320 billion dinars.

-Management and operation of Imam al-Sadiq Hospital (peace be upon him), by a specialized foreign company for $60 million.

- Referring the large Hilla sewer project/second phase to implementation at a cost of $287 million.   LINK

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Frank26:  "THE REALITY IS A NEW EXCHANGE RATE!!!".........F26

 It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support

 5/9/2024  Baghdad

The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Thursday, the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.

The Central Bank stated in a statement received by Mawazine News, “The Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, received today the French Ambassador to Baghdad, Patrick Durel.”

He added, "The meeting discussed ways to strengthen banking relations between the two countries, and His Excellency the Governor provided 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."

 Al-Alaq confirmed that “the plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.”

He 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."

It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have been linked by cooperative relations over many years.   LINK

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  My bank friend told me that [the new green 1000 dinar note] is on the CBI website.  FRANK:  Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change. FIREFLY:  None of us have seen this before. FRANK:  This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.

Militia Man   Article:  "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?"  The bottom line is Iraq is going to make an exchange rate change.  They've told you about it...A managed float is a mix of a fixed and a float...Are they going to change it to a free float?  Probably not because there's a lot of risks at that stage...Ultimately what is their goal?  Raising the value of the dinar against the dollar.  That's what they're going to be trying to do...

States Say "NO" To Overreach by UN, WHO, & WEF | Alex Newman

Liberty and Finance:  5-11-2024

America's founding fathers wrote that it was the "rightful remedy" for the state governments to interpose between the federal government and the citizens of the states.

Throughout US history, state governments have nullified overreach by the federal government and protected the rights of citizens.

Journalist, author, and educator Alex Newman joins us to discuss recent state bills that are now protecting citizens against overreach by unelected international organizations.

Louisiana Senate Passes Bill to End State Cooperation with UN, WHO, & WEF: "The proposed law declares, 'The World Health Organization, United Nations, and the World Economic Forum shall have no jurisdiction or power within the state of Louisiana.' ” https://blog.tenthamendmentcenter.com/2024/03/louisiana-senate-passes-bill-to-end-state-cooperation-with-un-and-who/

INTERVIEW TIMELINE: 0:00

Intro 1:20 Preparedness

7:32 Sheriffs conference

 14:00 Constitution and state's power

 23:33 Alex Newman's resources

https://www.youtube.com/watch?v=iE1WPVkwQ2A

Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez

Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez

Kitco News:  5-11-2024

Jeremy Szafron, Anchor at Kitco News, interviews Jp Cortez, Executive Director of the Sound Money Defense League, to discuss the transformative steps states across the U.S. are taking to remonetize gold and silver.

 In this interview, Cortez explains how states are eliminating taxes on precious metals to restore them as viable money and combat inflation.

Cortez also dives into federal initiatives aimed at solidifying the constitutional stance that treats gold and silver not just as assets but as legal tender.

This interview covers the potential impacts on the economy, the philosophy behind sound money, and the practical implications for everyday Americans.

00:00 Introduction

 01:30 The Importance of Sound Money

 03:30 State Legislation on Precious Metals

06:00 Impact on Individual Finances:

09:00 Federal Policies and Sound Money

12:00 Addressing Common Criticisms

15:00 The Role of Gold and Silver Today

18:00 Practical Challenges and Solutions

22:00 Conclusion

https://www.youtube.com/watch?v=E97eHUK-HME

“Tidbits from TNT” Saturday 5-11-2024

TNT:

Tishwash:  A $700 million agreement is signed between Iraq and Italy to finance these projects

Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.

Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."

He added, "As part of the government's initiative to support the private sector, memorandums of understanding were also signed between Iraqi businessmen and businessmen from Italian suppliers of production lines and factories to supply 6 factories to Iraq," indicating that "these factories include glass products, medicines, slaughterhouses, poultry and egg rearing, and gas processing." The facility, an iron factory, and a pharmaceutical factory.”  link

Shybaby:  Iraq requests end of UN assistance mission by end-2025

BAGHDAD (Reuters) –

Iraq has requested that a United Nations assistance mission set up after the 2003 U.S.-led invasion of the country end its work by the end of 2025, saying it was no longer needed because Iraq had made significant progress towards stability.

The mission, headquartered in Baghdad's heavily fortified Green Zone, was set up with a wide mandate to help develop Iraqi institutions, support political dialogue and elections, and promote human rights.

Prime Minister Mohammed Shia al-Sudani said Iraq wanted to deepen cooperation with other U.N. organisations but there was no longer a need for the political work of the U.N. assistance mission, known as UNAMI.

The mission's head in Iraq often shuttles between top political, judicial and security officials in work that supporters see as important to preventing and resolving conflicts but critics have often described as interference.

"Iraq has managed to take important steps in many fields, especially those that fall under UNAMI's mandate," Sudani said in a letter to U.N. Secretary-General Antonio Guterres.

Iraq's government has since 2023 moved to end several international missions, including the U.S.-led coalition created in 2014 to fight Islamic State and the U.N.'s mission established to help promote accountability for the jihadist group's crimes.

Iraqi officials say the country has come a long way from the sectarian bloodletting after the U.S.-led invasion and Islamic State's attempt to establish a caliphate, and that it no longer needs so much international help.

Some critics worry about the stability of the young democracy, given recurring conflict and the presence of many heavily armed military-political groups that have often battled on the streets, the last time in 2022.

Some diplomats and U.N. officials also worry about human rights and accountability in a country that frequently ranks among the world's most corrupt and where activists say freedom of expression has been curtailed in recent years.

Iraq's government says it is working to fight corruption and denies there is less room for free expression.

Somalia's government also requested the termination of a U.N. political mission this week. In a letter to the Security Council, the country's foreign minister called for the departure of the Nations Assistance Mission in Somalia (UNSOM), which has advised the government on peace-building, security reforms and democracy for over a decade. He provided no reason. 

Metro Portal (newsroomlabs.com)

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Tishwash: They prefer to put their money in their homes.. When will the banking sector gain the trust of Iraqis?

The citizen prefers that keeping his cash in his home is a guarantee of its security, rather than having it in institutions that they do not trust in to house this money, which has led to the impeding the growth of the banking system in the country, while the Iraqi government is trying to attract cash liquidity by automating the citizen’s daily transactions. Through electronic payment cards and other plans to restore this trust between the citizen and the Iraqi banking system.

Banks, in turn, increased the number of their bank branches. Many private banks were opened throughout Iraq to enhance accessibility and enhance financial inclusion, while observers explained that the citizen must give these banks an opportunity to achieve economic growth in the country, while others attributed the lack of this confidence to weakness. The scarcity of banking services made them unable to attract citizens and merchants, in addition to the high interest rates on loans and advances.

Support banks

While the majority of banks in Iraq represent 90.5% (67 out of 74 banks) of the total number of banks. It is owned by the private sector and also owns the capital of the banking sector in Iraq.

Banking expert Saif Jawad Al-Halafi confirms, “One of the foundations of banking is banking comprehensiveness in diversifying the banking services provided to the public, and that the bank does not depend in making profits on a banking operation that it monopolizes as a result of the availability of external regional factors affecting Iraq’s foreign trade movement.”

 Noting that, “The investor has the right to reap profits, but our banks also have the right, even if they are marred by some wrong banking behavior for a certain period, they have the right to be included with everyone in enjoying all the banking services available in the Iraqi banking arena and in foreign trade, from opening credits or transfers.” "External".

Maintaining the banking sector

Al-Halafi explains in an exclusive interview with Al-Mada that “all Iraqi banks must be supported without exception, whether they are fully owned by Iraqis or there are foreign contributions participating in Iraqi capital.” Pointing out, “There is a crowd of depositors and investors in these banks, and the government must provide all full support to all of them because one of the basics of the Iraqi national security standard, and one of the most important points, is to maintain the strength of the banking sector without being subjected to pressures or tremors that overthrow some.” Banks, because you will affect the rest of the Iraqi banks as a whole.”

Al-Halafi continues, “The journey of establishing Iraqi banks and the Baghdad stock market is an arduous journey, the journey of which began with the late Hassan al-Najafi, so we must support our banks, whether that is with constructive criticism or correction.” Stating, “What is sad is that the Iraqi banking sector is older than all neighboring countries, and for this reason we never allow our banks to let us down because they are our security and the future of Iraqi foreign trade, and they have the right to contribute to all banking and economic activities without exception, especially in the upcoming Al-Faw port project.” And also the path of development.

risk

While most Iraqis avoid crediting their assets to traditional commercial banks because of their doubts and the political differences that arise from time to time, in addition to the fact that there are those who have religious reservations.

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, stated that “the vision of the government curriculum is moving towards implementation with consistent steps, all of which lead towards successive reform applications and according to a systematic and comprehensive structure that addresses the details of the national economy and according to the priorities drawn up from the beginning.” Pointing out, “It is known that the contribution of government sectors to the country’s gross domestic product is about 63%, as the Iraqi economy is the fourth economy in the world in terms of the government sector’s dominance in generating gross domestic product.”

Saleh added in an interview with Al Mada, “Economic reform inevitably begins with the government economy, which has the greatest contribution to the growth of the country’s national income.” Noting that, “With a closer look, the reform priorities started today from the government finance sector, and we mean government banking activity, which currently dominates 85% of banking operations in the country, but operates with capital or ownership rights that constitute only 22% of the total banking capital.” In the country, which made it restricted in the development of general economic activity and the development of the market economy, and since finance is an activity that precedes real productive activity in terms of importance and logic, Prime Minister Muhammad Shiaa Al-Sudani adopted a scientific and practical approach by moving towards reforming the government commercial banking system.

Achieving financial inclusion

The lack of experience, lack of services, and lack of banking culture led to a collective alienation from the entire banking sector, which hindered the development of this important system in the country.

As Saleh returns to update (Al-Mada), that “to begin with, one of the largest international companies specialized in reform studies and financial, accounting and administrative auditing was commissioned to prepare an accurate assessment of the reality of government banks in order to achieve comprehensive reform processes for the government banking system itself, and at the forefront of that is Generating a government commercial bank that directs directly towards the market economy and financing trade and investment, achieving financial inclusion, enhancing the levels of credit granted to the market, and introducing advanced technologies, financial applications and payment systems into this new banking system that will work on broad foundations of banking governance, compliance and driving growth and development rates. Sustainable economic growth, in addition to adopting the necessary legal applications to enhance property rights and raise their capital to record levels in accordance with the principles of banking (Bazal) that are applied globally.”

He added, "Also, providing mechanisms for its openness and integration with the global banking market. It is no secret that the other and important aspect of government banking reform will undoubtedly lead to the birth of banking specialized in government financial operations, exercising exclusively banking functions related to government operations, and at the same time helping in the development of treasury account mechanisms." The unified TSA is the account that gives public finance the real-time ability to know the country’s government cash flows with high efficiency.”

He concludes his speech by saying, “The reform processes will also include, in the stages of their work, specialized banks such as the Industrial, Agricultural, and Real Estate Bank, as they will operate in the future as a development bank, in which property rights will be strengthened by making them a profitable and strong public shareholding company that contributes to financing private investments in economic development through grants.” Flexibility and adequacy in granting credit for productive investment operations, with a view consistent with the targeted growth rates in gross domestic product, which is indicated today by the National Development Plan 2024-2028, and future national development plans.”

It is noteworthy that Iraq includes 72 registered banks, including 38 banks participating in the auction for selling American currency at the Central Bank. However, the US sanctions that recently affected 14 banks, and other banks that were subject to similar sanctions months ago, led to the number of banks participating in the The currency auction is now being sold by only 18 banks.  link

Mot: .. the card 

Mot: ... Look Familar!! ????

Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24

Good Evening Dinar Recaps,

EUROPEAN BANKING AUTHORITY MICA ANNOUNCEMENT:

"The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation (MICA)"

Specifically, stablecoins and tokenized assets are currently in the comment stage and ready for the white papers.

A white paper is a final document ready for implementation for business owners in an industry to utilize as a reference guideline. In this case, this particular white paper is for countries around the world to use these stablecoin and asset regulations as a guideline for creating a standardized stablecoins and digital assets they can use Globally.

Remember, Stablecoins and Market assets are a digital representation of a country's currency and the assets they pay for going forward. The standardization process of our Global currencies is currently in their final phases. EBA Europa    CorporateFinanceInstitute

© Goldilocks

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"On May 7, 2024, the European Banking Authority (EBA) published three final drafts of technical standards developed under Regulation (EU) 2023/1114 on crypto-assets, the so-called Market in Crypto-Assets Regulation (MICA), published in the Official Journal of the European Union on June 9, 2023.

With reference to the timeline for applicability of the MICA Regulation, it will be applicable in its entirety from December 30, 2024; however, the requirements set for asset-referenced tokens and e-money tokens will be applicable starting from June 30, 2024."

I know some of you look for dates and rates only, so I'm going to make the above articles more specific to those looking for important dates.

On June 30th, the digital markets and the e-money used to pay for those assets through the banking system are to be done by June 30th, 2024.   PwC TLS

© Goldilocks

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MICA activating new laws on June 30th, 2024 regarding our digital assets and stablecoins will begin the process of institutional money being moved across borders.

This will begin the process of putting price pressures on foreign currency exchange rates going forward. This does not mean we'll see those changes right away, but we will begin seeing movements of money in ways we have not seen before.

Credit valuation adjustments will be happening across the board throughout the second half of this year. Some assets will go up and others will go down. In the end all assets will be in process of finding their equilibrium inside the new digital economy.

© Goldilocks

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5 Major Banks Closing Many Locations in Idaho and Washington State | LiteOnline

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Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra

On April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election to transfer energy tax credits under Section 6418 of the Internal Revenue Code of 1986, as amended (the Code), pursuant to changes authorized by the Inflation Reduction Act of 2022 (IRA). The Final Regulations update the initial proposed regulations issued on June 14, 2023 (the Proposed Regulations), discussed by Wilson Sonsini, relating to the transfer of eligible credits.

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JPMorgan Chase Implements Quantum-Secured Network | IOT World Today

JPMorgan Chase researchers have successfully implemented a high-speed, quantum-secured crypto-agile network (Q-CAN), connecting two data centers over existing fiber optic cables.

The demonstration was conducted in an air-gapped environment over 29 miles of deployed telecom fiber across Singapore and achieved 45 days of continuous operation.

Quantum-safe communication is an increasingly pressing issue as large-scale quantum computers could break the cryptography used to secure transmissions.

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This Week in AI: Digital Agents, Quantum AI and Spy Chatbots | Pymnts

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Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing - The Daily Hodl

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Senate Urged to Swiftly Overturn SEC's 'Misguided' Crypto Rules – Regulation | Bitcoin News

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US Elections: Stand With Crypto forms committee to support pro-crypto candidates | FinExtra

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🚨*Ripple CEO Brad Garlinghouse Warns About A Blackswan Coming*🚨 | Twitter

He Discusses How The US Government Is Coming After Tether.

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Goldilocks Posts are Broken Down Weekly on Saturday Nights!

TONIGHT! Saturday Night Live Call with Freedom Fighter breaking down Goldilocks Posts from this Week, with Jester too!  Come join the call and learn what is happening with the new QFS!

SNL Call Link       Freedom Fighter's Bio

9 pm EDT / 8 pm CDT / 6 pm PDT

The Saturday Night Q & A room will be open an hour before the call and remain open during the call for Questions to be answered during the call at the end!

The calls are recorded and will be posted in the Archive room after the call

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News, Rumors and Opinions Saturday 5-11-2024

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

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

Compiled Sat. 11 May 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 10 May 2024: Vice President of a Tier 2 bank: “I was just told by a very high-up that the RV is the 11th.”

Thurs. 9 May 2024 Bruce: Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May. Special Forces personnel and Banks in the US say that everything kicks off this weekend. The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.

Thurs. 9 May 2024 Wolverine: “It’s coming. It is going to happen this week. I’m not allowed to say anymore, but it is going to be a glorious week.”

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.”

Fri. 10 May 2024: Zimbabwe’s Economic Renaissance: Pioneering the Gold Rush with BRICS Alliance and Gold-backed Currency – American Media Group (amg-news.com)

Fri. 10 May 2024: GESARA and UBI Distribution: Exploring the Synergy of GESARA, Quantum Phones, UBI, and Quantum Technology in the Age of Starlink – American Media Group (amg-news.com)

Fri. 10 May 2024 The National / Global Economic Security & Reformation Act, NESARA / NESARA is the most ground breaking reformation to sweep not only the United States of America but the whole planet (thus GESARA) in its entire history.

Strange coincidence?

Fri. 10 May 2024 Catastrophic Solar Storm Threatens Earth: The Biggest Solar Storm in Years Approaches, Threatening Our Electric World! Global Warning Issued for Massive Geomagnetic Storm Today, Disruptions to Mobile Phones, GPS, and Power Systems Nationwide expected. Officials warn that a rare and intense Solar Storm could strike today, marking the first event of its kind in nearly two decades. The National Oceanic and Atmospheric Administration (NOAA) has issued a Severe (G4) Geomagnetic Storm Watch, the first since 2005, when Earth experienced its most significant radiation surge in fifty years. NOAA indicates that this extraordinary event could interfere with electronic devices, including GPS systems and parts of the power grid. Additionally, it could produce a spectacular aurora, potentially visible across a large portion of the country. https://t.me/QStorm1776 Powerful rare solar storm to hit Earth today and could ‘wipe out the internet’ (msn.com)

Read full post here:  https://dinarchronicles.com/2024/05/11/restored-republic-via-a-gcr-update-as-of-may-11-2024/

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

Militia Man  They cannot tell every single person in the world, 'We're changing the value of our exchange rate tomorrow or the next day.'  They can't do that.  However they've been telling us...they're going to be doing it...We have evidence of it...

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  International Development Bank opens in Erbil.  FRANK:  Notice how they are preparing your banks in many ways to receive the new exchange rate when Sudani releases it.  They talked to you about the float...the basket... the lower notes...the old lower notes, your history...Now they're going to tell you Iraqi citizens about your banks...they are educating you on the many services that your banks will be offering you once this exchange rate is released.

SILVER ALERT! Silver Is READY to Blow Past $30/oz...Then $50/oz...Then BLUE SKY!

(Bix Weir)  5-10-2024

Silver is READY at any moment to blow by $30/oz and there is very little resistance up to $50/oz after $30/oz is established as a base.

 $50/oz is the next stop which is All Time High resistance even though both 1980 & 2011 crashes were ARTIFICIALLY INSTIGATED!

 It may be that we FLY right past $50/oz into Silver's BLUE SKY territory!

https://www.youtube.com/watch?v=O8eojmaRcM8

Economist’s “News and Views” Friday 5-10-2024

Fed to Raise Its 2% Inflation Target? Seismic Re-Pricing Across All Asset Classes Coming – McDonald

Kitco News:  5-9-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Larry McDonald, Founder of The Bear Traps Report and New York Times bestselling author of 'How to Listen When Markets Speak' and 'Collossal Failure of Common Sense.'

McDonald warns that we are headed into an era of persistent inflation, escalation in global conflict, a multipolar world, a weakening U.S. dollar, a series of sovereign debt crises, and capital fleeing out of financial assets into hard assets.

He sheds light on how the Federal Reserve will approach its 2% inflation target amid sticky inflation. McDonald also explores the coming commodity bull market, going over the top winners. He shares his price outlooks for gold, silver, platinum, oil, and natural gas.

00:00 Coming up

 00:44 Introduction: Fed’s Inflation Target

 01:19 Inflation and Economic Shifts

03:15 The Future of Financial Markets and Debt Solutions

 04:57 The Inevitable Shift Towards Higher Inflation Targets

07:55 The Impact of Inflation on Investment Strategies

 15:17 Navigating the Commodity Bull Market and Asset Allocation

 20:25 The Global Economic Landscape and Commodity Demand

23:50 Strategic Outlook on Oil and Natural Gas

28:10 The Current Equity Climate and Market Risks

33:48 Commodity Investments

 34:50 The U.S. Banking Sector’s Troubles

37:52 The Perils of Passive Investing and ETFs

 47:09 U.S. Debt and Dollar Dynamics

52:39 Gold and Silver

 58:59 Platinum

 01:05:59 Potential Threats to the Commodity Bull Market Thesis

https://www.youtube.com/watch?v=RIuInQXQKj0

Why Warren Buffett Is Raising Cash: Market 'Euphoria' In Final Stage | Bill Smead

David Lin:  5-10-2024

Bill Smead, Chairman of Smead Capital Management, discusses the late stages of market euphoria.

0:00 - Intro

0:50 - Berkshire Hathaway and cash

 4:33 - Markets entering new era

19:20 - Passive investing

22:20 - Valuations and investing

30:55 - Energy sector

36:45 - Inflation and monetary policy

 40:46 - Financials sector

https://www.youtube.com/watch?v=SG1ntL_6JVQ

China CHECKMATES Europe’s Economy As Countries Flee Dollar Assets To Buy Gold

Sean Foo:  5-10-2024

China just dropped a bombshell on the EU. While Brussels mulls punishing Beijing with trade barriers, Xi Jinping just upgraded Hungary's relations and announced a big free trade agreement with Serbia.

Meanwhile, countries around the world are progressively exiting US bonds for gold.

This is the effect of the US government's never-ending spending and bond issuance that is flooding the market relentlessly.

Timestamps & Chapters:

 0:00 Xi's EU Bombshell

3:23 Serbia & Hungary Chooses China

 6:46 US Treasuries Hit Brick Wall

8:12 Sponsor: Indigo Precious Metals

9:33 Horrific US Debt Estimates

10:41 Countries Flocking To Gold

 13:28 Narratives Are Collapsing

https://www.youtube.com/watch?v=GqyzcjiFyh0

Goldilocks' Comments and Global Economic News Friday Evening 5-10-24

Goldilocks' Comments and Global Economic News Friday Evening 5-10-24

Good evening Dinar Recaps,

"The U.S. is in a dilemma about whether to upgrade the non-market economy status of Vietnam to that of a market economy."

The U.S. Department of Commerce has until late July to complete this review and decision.

A market economy would bring with it significant trade relationship opportunities.

Vietnam would become a country where supply and demand would determine prices on their goods and services.

A shift in a monetary policy such as this would bring more power back to the people and less to the government.

It would move from government intervention powers for the stabilization of their currency to incentives toward supply and demand determined by the people and the industries they promote.

A move like this tends to put price pressures on a country's currency. One of the hallmarks of a market economy would be a stronger Vietnamese Dong.

This would make imports cheaper for them and exports more expensive for other countries determining new exchange rates for all parties involved in trade.  Vietnam Briefing   HickmanMills

WATCH THE WATER.

© Goldilocks

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EU Basel 3 Standards Announcement:

"The legislative package to implement the International Basel III Standards is now adopted by the European Parliament Plenary and Council."

This is the signal for banks to move urgently towards CRR3 compliance deadlines. These mandates include Credit Risk, Market Risk, Output floor, ESG Pillar III and Reporting rules.

The new regulations will begin to shift their economy affecting trade relations around the world by these decisions.

The full implementation of EU's Basel 3 has to be completed by January 1st, 2025. This will begin to shift all economies around the world into new price pressures on everything.

"The European Union collectively has $8.1T in circulation, making it the fourth largest in the world, behind Japan ($8.9T)."

As you can see, the changes currently being made by the above two countries will have a significant impact on money flow going forward. These new changes will be in fluctuation for the rest of this year determining new price pressures on all economies around the world.   Wolters Kluwer 1   Wolters Kluwer 2   Bank of America   Linkedin

WATCH THE WATER.

© Goldilocks

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Hong Kong Market Tokenization Announcement:

"Project Ensemble is the HKMA’s new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong."

Project Ensemble is another digital currency initiative. It is one of many pilot programs that are currently being executed in Hong Kong.

mBridge and Genesis are currently being executed inside Hong Kong. These projects will support the underlying infrastructure of the Hong Kong economy.

Project Genesis and mBridge will provide liquidity and a multi-CBDC platform developed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs. AFP  Bitcoin News  BIS 1  BIS 2

© Goldilocks

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Hong Kong’s Monetary Authority to replace ‘Virtual Bank’ with ‘Licensed Digital Bank’ to Boost Public Confidence | South China Morning Post
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Russia court allows seizure of $13 million of JPMorgan and Commerzbank assets | MSN

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Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards – Bitcoin News

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Project Genesis 2.0 | Youtube

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Project mBridge | Youtube

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HK launches Project ‘Ensemble’ to support tokenization with wCBDC | Web3 | 3.0 TV | Youtube

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The Global Digital Currency Market is currently in pilot programs that will transition us and our currencies into real values.

This is a digital process and not a date. Stay tuned as new information develops.

© Goldilocks

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CFTC Chair Says ‘Another Cycle of Enforcement Actions’ Coming As Crypto Enters New Phase of Asset Appreciation - The Daily Hodl

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Research and Analysis - working paper: Evolution of Asia's outward-looking economic policies: Some lessons from trade policy reviews | WTO

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More News, Rumors and Opinions Friday PM 5-10-2024

KTFA:

Clare:  Gold bullion is sold like street candy in an Asian country!

5/10/2024

Aside from ramen (noodle soup) and sausages, convenience stores in South Korea are now offering a new popular item on the menu - gold bullion.

The country's largest convenience store chain, CU, is collaborating with the Korea Mint and Security Printing Company (KOMSCO) to provide customers with small gold bars - which are in huge demand like hotcakes, according to what CNBC reported and Al Arabiya Business reviewed.

A variety of micro-sized gold bars weighing between 0.1 gram and 1.87 gram have been on sale at CU outlets since April. A 1.87 gram piece is sold for 225,000 won (US$165.76), and a 0.5 gram piece is sold for 77,000 won.

The People's Bank of China increases its gold reserves for the 18th consecutive month
and at a price of 113,000 won per piece, the one-gram bullion sold out within two days, according to local news reports. The bars come with congratulatory messages, happy birthday wishes, and even designs of character types.

People in their 30s have been most active in purchasing these gold bars, accounting for more than 41% of total sales since launch, according to CU's Pocket CU trading phone app. People in their 40s account for 35.2% of sales, followed by people in their 50s at 15.6%. People in their 20s account for 6.8% of total sales.

The World Gold Council said in a recent report that demand for bars and coins in South Korea rose by 27% year-on-year to 5 tons in the first quarter of this year amid rising prices for the yellow metal. The World Gold Council noted that this was the largest quarterly increase in gold purchases in South Korea in more than two years.

Other small stores are also riding the bullion wave. At the GS25 convenience store chain in South Korea, customers can buy small gold flakes from vending machines.

For his part, Head of Market Strategy, Global Economy and Market Research at UOB, Heng Kun How, said: “Usually in times of economic uncertainty when the value of the local currency declines, demand for gold jewelry will increase as local investors seek to invest in safe haven assets.”

According to the Korea Gold Exchange, gold prices rose to a record high of 456,000 won ($335.3) per 3.75 grams, or 0.13 ounces. Conversely, the Korean won has fallen more than 5% against the dollar so far this year, and is currently trading at 1,358.7 against the dollar.

The World Gold Council noted the recent trend of growing investment interest among young people in Asia, even as gold prices hit record levels.

“Many Asian economies are dealing with inflation and financial uncertainty for the first time in a generation,” Shaocai Fan, head of global central banking at the World Gold Council, told CNBC. “It makes sense that many young investors are exploring gold as a way to diversify and protect their assets.”

Consumers in China, Asia's largest economy, are also buying gold, as collecting small one-gram bars in glass jars has become a trend among the country's youth. China is also driving consumer demand for bullion, and will overtake India in 2023 to become the world's largest buyer of gold jewellery.

Separately, in the US last year, warehouse retail giant Costco became a popular one-stop shop for one-ounce gold bars priced at around $1,900.   LINK 

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

Frank26  Don't you have to have a high exchange rate to be part of the WTO?  No.  What do you have to have?   A sanction free currency.  Are there any sanctions on the dinar?  No more...99.9% are gone.  Sanction free currency.  Sanction free country.  Sanction free bank of that country.  That's why they're members of the WTO.  They already told you that they are and that's the end of that subject...You need to see  something that tells you it's official today?  They already told you.

Yada  Iraq is done and preparing for the other side of the release. And that is controlled by the UN-IMF. The parliament vote will be for all the new contracts but the rate release is a go...

“The Evolution of Money” Robert Kiyosaki – LFTV Ep 172

Kinesis Money:  5-10-2024

In this week’s episode of Live from the Vault, Andrew Maguire is joined by world-renowned “Rich Dad, Poor Dad” author, Robert Kiyosaki.

Andrew and a returning Robert discuss the changing global economy and how to preserve wealth.

Timestamps:

00:00 Start

03:45 Protecting your wealth - is it too late?

05:30 How the Fed scam works from Robert’s perspective

07:30 Silver to $500?!

13:30 2000 tonnes of Indian & Chinese silver orders

 18:30 How the rising price of oil might impact - or implode - the system

25:00 Hypothetcation & Rehypothecation explained

29:00 The US Sound Money Movement & Kinesis

51:00 The Evolution of Money

56:00 What about referrals?

 66:00 Doing the right thing

71:00 Money printing is all the Fed knows how to do

https://www.youtube.com/watch?v=DnS5hZGqQjA

“Tidbits From TNT” Friday 5-10-2024

TNT:

Tishwash:  The House of Representatives decides to extend its first legislative term by 30 days

The Presidency of Parliament decided, today, Thursday, to extend the first legislative term of the House of Representatives by 30 days.

The Parliament’s Media Department stated in a statement received by the Iraqi News Agency (INA), that “based on Article 58 of the Constitution, the Presidency of the House of Representatives decided to extend the first legislative term, for the third legislative year, in the fifth electoral cycle, for a period of thirty days.  link

Tishwash:  Publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq

Our agency publishes the text of the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq.

Al-Sudani indicated in his letter, a copy of which was obtained by {Al-Furat News}, that "the justifications for the presence of a political mission in Iraq are no longer available, especially after more than 20 years have passed since the democratic transition and overcoming great and diverse challenges."

To view the text of Al-Sudani’s letter to Guterres, click here   link

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CandyKisses:  A call for the Sudanese to remove the American forces from Iraq

Information / Baghdad...

The head of the organizing body of the popular movement for the Belt and Road, Hussein al-Karawi, on Friday, called on Prime Minister Mohammed Shia al-Sudani to speed up the removal of US forces from Iraq.

Al-Karawi told Al-Maalouma that "the Iraqi people and the resistance will not remain silent in the face of US violations of Iraqi autonomy and the abuses it commits against Iraq."

Al-Karawi predicted that "the US forces will be subjected to blows from the resistance, if they do not comply with the fait accompli and leave Iraq, pointing out that America continues its encroachments on Iraq and its autonomy." 

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CandyKisses:  Setting the opening dates of 5 projects within the bottleneck package

Economy News - Baghdad

The Ministry of Construction, Housing and Municipalities announced on Friday the opening dates of 5 projects within the package of breaking traffic jams.

The ministry's spokesman, Istabraq Sabah, said in a statement seen by "Economy News", that, "The ministry is proceeding with projects to break traffic jams and implement the commitment listed for the projects of the first package within the government program," noting that "the projects of the first package consist of 16 projects and on more than one area on the sides of Karkh and Rusafa."

Sabah explained that "the Fine Arts Bridge and Cordoba Intersection have been opened, and two other projects are in the process of opening, the first project is the Shaljia Bridge and it is hoped that it will be opened this month, as well as the project to link the Mohandessin neighborhood inside, which includes two bridges, the first on the side of the engineers and the second on the inside side and a small bridge linking them, as work is underway on it and will be opened in the coming period."

He added that "next June, will witness the opening of the bridge linking from a beautiful area to the street neighborhood jihad - Bab Al-Muadham, and in July will open bridges Aden and Sanaa," noting that "the rest of the projects will be opened successively."

"A number of water and sanitation projects will be inaugurated this year, in addition to finalising a number of residential complexes that fall under low-cost housing in the southern and central provinces," he said.

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CandyKisses:  Gold is heading for its best weekly performance in a month

Economy News - Follow-up

Gold prices rose during trading, on early Friday, heading towards recording the best weekly performance since the fifth of April, after economic data strengthened bets that the Federal Reserve (US central bank) will cut interest rates.

By 0212 GMT, spot gold was up 0.2 percent at $2,350.87 an ounce, after hitting a more than two-week high earlier. Prices have risen about 2.2 percent since the start of the week.

U.S. gold futures rose 0.7 percent to $2,356.90.

Data on Thursday showed the number of Americans filing new applications for unemployment benefits increased more than expected last week.

Traders are likely to start the Federal Reserve's easing cycle in September. Lower interest rates reduce the opportunity cost of holding the yellow metal.

Data from the US Producer Price Index and CPI are due next week.

Among other precious metals, spot silver rose 0.2 percent to $28.38 an ounce, and is on track to record its best weekly performance since April 5 as well.

Platinum rose 0.6 percent to $983.78 and palladium rose 0.5 percent to $971.50. Both metals are heading for weekly gains.

Mot . Yaaaaaaaaaaaaaaaaaaaaaaaa!!!!!! 

Mot:  ...... Get Ready!!!!  

News, Rumors and Opinions Friday AM 5-10-2024

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

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

Compiled Fri. 10 May 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Thurs. 9 May 2024 Bruce: Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May. Special Forces personnel and Banks in the US say that everything kicks off this weekend. The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.

Thurs. 9 May 2024 Wolverine: “It’s coming. It is going to happen this week. I’m not allowed to say anymore, but it is going to be a glorious week.”

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.”

On Tues. 7 May Zimbabwe’s Treasury said that the newly introduced gold-backed currency is the official unit of exchange for transactions and that it would soon introduce regulations to ensure businesses stick to the official rate. https://www.reuters.com/markets/currencies/zimbabwe-says-new-gold-backed-currency-now-official-unit-2024-05-07/

Thurs. 9 May 2024 Awakening Giants: Vietnam and Zimbabwe Forge Ahead in the Global RV Movement and Redemption Center – BOOM! The Intrigue of the $100T Zim Bonds! In the tumultuous world of global finance, two unlikely contenders are poised to shake up the status quo: Vietnam and Zimbabwe. With Vietnam eyeing the Forex market and Zimbabwe unveiling its gold-backed Zig currency, the stage is set for a seismic shift in the realm of currencies. https://t.me/QStorm1776

QFS, NESARA Wealth Distribution: https://amg-news.com/nesara-qfs-plan-discover-the-unprecedented-wealth-distribution-under-the-nesara-qfs-plan-the-process-of-rv-redemption-started-actual-signature-forms-like-nda-and-post-redemption-plan-doc/

$100T Zim Bonds: Awakening Giants: Vietnam and Zimbabwe Forge Ahead in the Global RV Movement and Redemption Center – BOOM! The Intrigue of the $100T Zim Bonds!

Wed. 8 May 2024: Quantum Financial Revolution: QFS, NESARA, XRP, and Stellar – THE STRUCTURED PAYOUT SYSTEM – Redemption Rate = The Amount Paid For Each Zim Dollar – American Media Group (amg-news.com)

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Thurs. 9 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

By yesterday afternoon Wed. 8 May 2024 all banks had brought all their employees up to speed on the transaction protocols for the GCR.

Banks will not give out the same higher rates for your exchange as you will get at a Redemption Center.

Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May.

Special Forces and Banks in the US say that everything kicks off this weekend.

The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.

Global Financial Crisis:

Thurs. 9 May 2024 Pennsylvania Banking Alert!: Philadelphia’s Republic First Bank’s seizure could be just the beginning. Experts warn more failures may follow due to high deposit costs and struggling real estate loans.

Thurs. 9 May 2024: Economist Predicts One Final Rally Before the Markets Crash 50% https://watcher.guru/news/brics-economist-predicts-one-final-rally-before-markets-crash-50

Read full post here:  https://dinarchronicles.com/2024/05/10/restored-republic-via-a-gcr-update-as-of-may-10-2024/

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

Frank26   My [dinar] broker will be notified by the US Treasury when the rate changes.  It is at that time my broker will call me.  He'll tell me as of tomorrow morning you're not selling any more dinars.  We are all in the same boat.  There are a few of us that have fallen overboard because maybe we're too impatient or we just don't belong in this investment...But the majority, we're all onboard and we know what's going on...

Militia Man  1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions.  They don't even have that much money printed.  They don't even have it on their M1 etc at this point in time.   They never have.  There's got to be an adjustment...

Cbi and cbf working together

Nader:  5-9-2024

https://www.youtube.com/watch?v=Hz7KN1CVHWg

LIVE! (Meltdown). "THE FASTER THE ECONOMY CRATERS, THE HIGHER STOCKS WILL GO..."

Greg Mannarino:  5-9-2024

https://www.youtube.com/watch?v=i62tLfWdWsI