Goldilocks' Comments and Global Economic News Saturday Evening 5-18-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-18-24

Good evening Dinar Recaps,

"Last week, in a letter to the council, Iraqi Prime Minister Mohamed Shia al-Sudani called for the United Nations Assistance Mission for Iraq (UNAMI), which has been operational since 2003, to end by December 31, 2025."

Resolution 1770 (2007) was devised to give guidance for Iraq on internal protocols that would enable them to secure a safe environment for their people and become prosperous in the world around them.

The resolution was co-sponsored by:
* United Kingdom
* United States
* Italy
* Slovakia

There will be a meeting at the end of May to discuss the gradual removal of the United Nations' involvement with Iraq. It is believed that they have achieved their goals with Iraq, and they believe Iraq's ability to move forward on their own is showing consistent progress.

The UN's involvement with Iraq has been taking place since 2003. It has been a team of leaders from several Nations engaged in helping Iraq "transition" their political and economic economy into a place whereby their contribution to the world is capable of moving to a level of Independence.

Starting early June, Iraq will be gradually moving into their own. These stages of the independence will be monitored, but their control over their own Nation will increase with each passing day. Kurdistan24 Iraq UN

© Goldilocks

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Hong Kong officially launches pilot for digital yuan payments | Business Times

"HONG Kong launched a pilot programme enabling digital yuan payments through major Chinese banks, the first example of China’s currency project being deployed beyond the mainland.

Residents of the city can now open digital yuan wallets with Bank of China, Bank of Communications, China Construction Bank and Industrial and Commercial Bank of China to pay merchants in mainland China directly, Hong Kong’s de facto central bank said in a statement on Friday (May 17)."

Hong Kong has officially launched a pilot program that will allow them to utilize the Yuan as a form of payment.

Users can use the FPS payment system. FPS stands for Faster Payments Service. FPS is a UK banking initiative allowing real-time electronic fund transfers between banks.

© Goldilocks

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Resolution 1770 (2007) / adopted by the Security Council at its 5729th meeting, on 10 August 2007  |   United Nations Digital Library System

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Silver Daily Forecast and Technical Analysis for May 17, 2024, by Chris Lewis for FX Empire | Youtube

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The days of shorting the silver market are coming to an end.

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SEC Adopts Rule Amendments to Regulation S-P to Enhance Protection of Customer Information |  SEC

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Kraken ‘Actively Reviewing’ Tether’s Status Under New EU Rules | BloombergLaw

New regime for digital assets set to take effect in July

Tether says it plans to continue its dialog with regulators

Kraken is “actively reviewing” plans that may include removing support for the world’s most-traded cryptocurrency on its exchange in the European Union, under a new regime for digital assets that’s set to take effect in the bloc in July.

Tether Holdings Ltd.’s USDT, a stablecoin that aims to maintain a one-to-one value with the dollar, is expected to be impacted by upcoming EU rules known as MiCA.

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Standard Chartered completes first Euro transactions on Partior Platform – Trade Finance Global

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Eurosystem completes first DLT experiment - Central Banking

The Eurosystem completed its first experiment using distributed ledger technology (DLT), the European Central Bank (ECB) announced on May 14.

This is the first of three experiments the ECB plans to carry out. All three experiments will test interoperability-type solutions for central bank money settlement of wholesale financial transactions recorded on DLT platforms.

This experiment covered tokenization and simulated the deliver-versus-payment (DvP) settlement of government bonds in a secondary market transaction against central bank money.

The DLT platform for the experiment was provided by the National Bank of Austria. Other participants include the central banks of Germany, France, Italy and Luxembourg.

👆  Goldilocks pointed to this article

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Is Blockchain the Key to Transforming the Global Tourism Industry? |  Analytics Insight

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‘All UAE banks have to launch Jaywan debit cards’: Rollout to happen in phases - News | Khaleej Times

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 WATCH & LISTEN HERE Video on XRP

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They Are Dumping Our TREASURIES - The Economic Ninja | Youtube

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Miners Eye Middle East as Next Region for Growth | Coindesk

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Iraq Going for the International Investment Platform? | Youtube

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Join the Seeds of Wisdom Team SNL call with Freedom Fighter breaking down Goldilock's weekly posts!  Jester will be joining too!   SNL Call Link

9 pm EDT / 8 pm CDT / 6 pm PDT

The SNL Q & A room will be open at 8 pm ET, 7 pm CT, and 5 pm PT to ask questions that will be answered on the call!

The call will be recorded and you can find it in the Archive Call Room after the call is over.

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UNDP endorses Iraq’s electronic payment services system | Search4Dinar

Today, the United Nations Development Programme (UNDP) approved the electronic payment system in Iraq.

© Goldilocks

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More News, Rumors and Opinions Saturday Afternoon 5-18-2024

KTFA

Friday Night Conference Call

Frank26: Whatever Floats Your Boat

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

 https://youtu.be/6v3MDVUhqMI

DeepWoodz:  Contracts using foreign contractors can use whatever exchange rate they choose. One that will guarantee the VALUE of the contract, more so than the actual number of units of currency. 

They said they were paying contracts in dinars.

Well if the dinar was worth a dollar,
but during the contract, the dinar became worth 3 dollars instead of 1(hypothetically speaking), it wouldn’t be fair to Iraq to still pay out 3 million dinars on a 3 million dinar contract. The value of the contract was originally 3 million dollars, which could now be paid using only 1 million dinars. 

Vice versa, the VALUE would be protected for the contractor as well. If the dinar lost value during the contract, it wouldn’t be fair to expect the contractor to settle for 3 million dinar if its now only worth 1 million dollars. 

So what it boils down to is the government is taking advantage of a new rate while the citizens continue to wait. The upside is that the dinar is building trust with the world. Which should reflect positively to us all eventually. 

Hence the sovereign guarantees 

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Buckeyetree:  The contract rate is hidden and known only between the parties involved. That rate would likely match at least the start up rate to be revealed where it will then enter Forex to be traded globally. Start up could be $1.50 or $3.22 and still go higher till a cap. We do not know the initial rate or the exact cap or the rate in the contracts. We look at the guide posts.

Who would do big business with Iraq at a 1310 or 1320 rate?  Iraq would have to pay an enormous amount of dinars to make it worth their while. Impossible to build hospitals, industrial cities, a railroad, and more at a program rate. If we were to know details of those contracts, the intended rate may be exposed before it is time.

What Iraq has contracted and will pay those companies is a private matter. We wait for the public reveal of the initial international exchange value to then reach its real value in the float on Forex. This is what I understand thus far in our study and is all In My Opinion. We will see what happens on Sunday. With pressure to keep promises and videos made and ready to be shown, the times are changing. Again IMO.

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The Sudanese advisor issues a clarification regarding the discussion of budget schedules in an extraordinary session 

5/18/2024

Saleh said, in an interview followed by Al-Iqtisad News, that “during the extraordinary session of the Council of Ministers, the financial tables will be discussed,” pointing out that “these tables will be approved by a decision of the Council of Ministers and then referred to the House of Representatives for approval, in implementation of the provisions of Article 77/ Secondly, from the Tripartite Federal General Budget Law No. 13 of 2023.”

During the last cabinet session, Prime Minister Muhammad Shiaa Al-Sudani directed that an extraordinary session of the council be held on Sunday to discuss the budget schedules.  LINK

DeepWoodz:  I approve this message.

Like I said earlier, they are doing things the right way.

They showed up to vote.

Schedules are on the way.

Everyone has a part to play to make everything legitimate. There will be no more questioning Alak or Sudani because the majority is on board. They voted to extend their work for thirty days even though they are getting the budget schedules real soon according to Saleh. Why?

Because there are a plethora of things going on. This is not the time to sit home and watch. This is the time to be a part of history for your country. 

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  The news has that specialist...talking about the best way to fill in the gap for the dinar and the dollar (illegal market).  He's telling us the best thing for it to do this is to float...Saleh now talking saying the CBI is the only one that can control this needed float.  FRANK:  They're going to float your currency because with a float they can come out at a higher rate than 1 to 1...this is a reinstatement of your exchange rate...The fact that they're talking about floating all day long...is because this is the next step in the monetary reform.  Once they give you the new exchange rate and your new currency seconds later your currency will start to float...on international platforms

Mnt Goat   Yes, we all want to know what is the holdup of the RV and I say there is no holdup, only time...The process must just play out. The plan of Dr Shabibi must be executed and there are many stumbling blocks and deviations along the way. But Iraq must and does, always come back to the 2011 Dr Shabibi plan... I know through the past articles and my CBI contact that the reinstatement will happen and has to happen if Iraq is to regain their national sovereignty.

END THE FED: US Congressman Exposes the Fed and Introduces a Bill to Abolish It

Lena Petrova:  5-18-2024

https://www.youtube.com/watch?v=IXYvKa5_R68

"Change is Coming That Hasn't Happened In 100 Years" (w/Mike Maloney)

Ken EcElroy: 5-18-2024

Ken McElroy talks with Mike Mahoney, where they explore the potential downfall of the US dollar's dominance as the world's reserve currency.

They cover the historical events and modern geopolitical shifts that are leading to a major global financial upheaval.

https://www.youtube.com/watch?v=v6EoKHm6jDs

What is The Unit? BRICS Unveils Its Grand Plan for a New Gold-Backed Financial System

What is The Unit? BRICS Unveils Its Grand Plan for a New Gold-Backed Financial System

On May 17, 2024 By Awake-In-3D

The Unit’s structure, anchored in gold and BRICS+ currencies, provides for de-dollarization, along with a stable and decentralized monetary framework.

In This Article:

1. Introduction to the BRICS+ Unit

2. Addressing Global Financial and Payment Issues

3. Economic and Political Benefits

4. Technological Features and Adoption Prospects

In 2024, the global financial landscape is poised for a significant transformation with the introduction of a groundbreaking concept: it’s called the Unit.

A boring and unremarkable name, but it makes total sense and it’s financial implications will be profound.

Proposed by the financial services and investments working group of the BRICS+ Business Council, the Unit aims to establish a decentralized monetary ecosystem.

Expected to become official BRICS+ policy by 2025, the Unit seeks to address critical geoeconomic issues, particularly the global crisis of trust in existing monetary frameworks.

Introduction to the BRICS+ Unit

The Unit, conceptualized by Alexey Subbotin, founder of Arkhangelsk Capital Management, is designed to tackle the inherent flaws of centralized monetary systems established over 80 years ago at Bretton Woods.

This financial sovereignty is particularly appealing to countries seeking an alternative to the current centralized, dollar-based systems.

These flaws include chronic deficits, speculative bubbles, politically motivated sanctions, and a lack of fair arbitration.

The Unit proposes a reliable, quick, and economically efficient solution for cross-border payments, functioning as a new form of international currency issued in a decentralized manner and regulated at the national level.

Addressing Global Financial and Payment Issues

The current global financial system faces numerous challenges, including speculative bubbles and politically motivated sanctions.

The Unit aims to address these issues by providing a decentralized monetary framework that is both reliable and efficient for cross-border payments.

By doing so, it tackles the root problems of chronic deficits and lack of fair arbitration, offering a solution that can restore trust in the global financial system.

Economic and Political Benefits

The Unit offers numerous benefits, particularly for the Global Majority, by providing a form of apolitical money. It aims to harmonize trade and financial flows, maintaining independence from political pressures.

This financial sovereignty is particularly appealing to countries seeking an alternative to the current centralized systems. The Unit’s structure, anchored in gold (40%) and BRICS+ currencies (60%), provides a stable and trustworthy monetary framework.

Technological Features and Adoption Prospects

Technologically, the Unit is designed to be compatible with both traditional banking operations and the newest forms of digital banking.

It aims to upend unfair pricing in commodity trading by establishing the Eurasian Mercantile Exchange, where trading and settlement can be conducted in this new currency.

This approach facilitates the development of new financial products for foreign direct investment (FDI), bridging trade flows and capital.

The Unit employs distributed ledger technology to ensure transparency and prevent capital controls or exchange rate manipulation.

This technology allows connections to all open decentralized exchanges (DEX) and digital platforms operated by both commercial and central banks worldwide.

The end goal is for everyone to use the Unit for accounting, bookkeeping, pricing, settling, paying, saving, and investing.

Implementation Timeline and Adoption Prospects

The BRICS Business Council has already backed the Unit, and it is on the agenda for the upcoming ministerial meeting in Russia.

The roadmap for its adoption will be discussed at the BRICS+ summit in October 2024 in Kazan.

With the potential for implementation as early as 2025, the Unit presents a feasible technical solution for creating a globally recognized payment and trade system immune to political pressure.

The Bottom Line

The Unit represents a groundbreaking approach to addressing the shortcomings of current centralized monetary systems.

By offering a decentralized, apolitical currency, it promises economic and political benefits for the Global Majority. Its technological innovations and potential for wide-scale adoption position it as a key player in the future of global finance.

Stay tuned! More articles on all of this, and what it means are coming soon.

Supporting article: The coming of a BRICS decentralized monetary system.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/what-is-the-unit-brics-unveils-its-grand-plan-for-a-new-gold-backed-financial-system/

“Tidbits From TNT” Saturday 5-18-2024

TNT:

Tishwash:  Al-Mandalawi opens the House of Representatives session today

 The Speaker of the Parliament, Mohsen Al-Mandalawi, opened the work of Session No. (25) today, Saturday, in the presence of 183 representatives

Our correspondent: The bell of the House of Representatives rings a second time, marking the opening of the session to elect the Speaker of the House

 The Presidency of Parliament decided to devote today’s session to electing the president only

The House of Representatives votes to extend its legislative term for 30 days 

Our correspondent: The number of attendees during the House of Representatives session exceeded 218 deputies

 Urgent | Members of the House of Representatives head to the Great Hall for the purpose of initiating the procedures for electing the Speaker of the House of Representatives    link

Tishwash:  The Sudanese advisor issues a clarification regarding the discussion of budget schedules in an extraordinary session 

 Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, clarified the discussion of the budget schedules in the extraordinary session of the Council of Ministers.

Saleh said, in an interview followed by Al-Iqtisad News, that “during the extraordinary session of the Council of Ministers, the financial tables will be discussed,” pointing out that “these tables will be approved by a decision of the Council of Ministers and then referred to the House of Representatives for approval, in implementation of the provisions of Article 77/ Secondly, from the Tripartite Federal General Budget Law No. 13 of 2023.”

During the last cabinet session, Prime Minister Muhammad Shiaa Al-Sudani directed that an extraordinary session of the council be held on Sunday to discuss the budget schedules  link

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CandyKisses:  The Regional Government announces the payment of employees' salaries through "My Account"

Baghdad - Iraq Today:

The Kurdistan Regional Government announced that more than 25,000 government employees have received their salaries through the "My Account" project.

The Information and Information Department of the Kurdistan Regional Government said in a statement that "employees who have bank cards that enable them to receive their salaries through ATMs, will receive their salaries successively until the end of next week."

The President of the Kurdistan Regional Government, Masrour Barzani, had previously confirmed that one million employees will be able to access banking services by the end of this year, and that access to financial services in the region will rise to 35% until late 2024.

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CandyKisses:  Al-Hakim calls on Canadian companies to invest in the Iraqi market

Baghdad today - Baghdad

Today, Saturday (May 18, 2024), the head of the National State Forces Alliance, Ammar al-Hakim, called on Canadian companies to invest in the Iraqi market.

Al-Hakim's office said in a statement received by "Baghdad Today", "The head of the National State Forces Alliance met, today, Saturday, with Cathy Banka, Canada's new ambassador to Iraq," noting that "the meeting discussed developments in the political scene in Iraq and the region."

Al-Hakim stressed, according to the statement, "the importance of the achieved stability and its positive impact and repercussions on the security of Iraq and the region," stressing "the necessity of perpetuating this stability and transforming it into permanent stability, and we hold everyone responsible for achieving this goal."

He called for "noticing popular satisfaction with the government and the political forces supporting it," noting that "this satisfaction is the result of the government's vision and its service and development projects that citizens have begun to feel and live the details of their achievement. "

He stressed "the importance of developing relations with Canada," noting that "Iraq offers promising opportunities in the field of construction and reconstruction," calling for "investing these opportunities through the presence of companies in the Iraqi market."

Mot:  . What in the World !!!!????? 

Greatest Marriage Proposal EVER!!!........................

https://www.youtube.com/watch?v=pnVAE91E7kM

News, Rumors and Opinions Sat. AM 5-18-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 18 May 2024

Compiled Sat. 18 May 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 17 May Banker: “Word is to stay alert tonight into tomorrow. God only knows for sure.”

Thurs. 16 May Bruce: On Wed. 15 May one of the top people at Wells Fargo Bank said, “It looked good for a Shotgun Start in the next two days.” We may get the R&R (Restitution Allowances) beginning on the 4th Wed. of May, or by the end of May.

Fri. 17 May 2024 Wolverine: “Very silent today, not one ounce of intel, but what I did receive last night from a friend who has contacts in Brazil, a person who is very polished and professional person (speaks four languages fluently.

He said he was waiting for his group who were waiting at the bank for long hours. I got back to him later, nighttime my time, and morning for him, and he said he had no new updates. Then hours later, he came back with an audio, and he gave me 1000 percent confirmation that those people got their blessings.

Most people in Brazil are not hearing anything, they are saying no liquidity from anywhere. In my own thoughts, I think it is happening behind the scenes.

As I said before, they are paying sporadically and they sign NDAs, and will not say anything. I think that is what is happening, this person is a good friend of mine, who tells the truth.

They put the audio on the dragon family group, but I did not translate it, and they actually picked someone who spoke Spanish, and they translate it. That was the best way to go as I did not want the translation to come from me, that it came from another person.

Tomorrow, they tell me we should be getting news. Hopefully, we will get better news. The audio really hit me yesterday, as it was a 1000% confirmation, and it will continue on to two other cities in Brazil on Monday.

 I did send it to someone else in Brazil who were very emotional hearing it hoped it was true. Not much that I can tell you. I have been told that Iraq (sick of Iraq ) on Sunday, they should be able to put the rate on Forex. We will see if it true or not.

Notifications were to come last night, that is what I was told, again, no notifications. Very stressful for all of us. Notifications is our announcement and then I can release the opera for you.

This is my personal opinion – there might not be an announcement. Now a certain person said that statement was true. BUT, it was MY Opinion (saying there might not be an announcement). I think we may get paid sporadically, and lots going on behind the scenes.

 I have heard of people getting paid, and I do not know those people, but I do know the person in the audio. It might be that people get paid, they sign their NDA and they stay quiet.

Good for our safety in IMO. I think that is the way it is going to be, and a lot of bond holders agree that it might be the way to go, quietly.

A lot silence and not much noise coming out. We will see what happens. I am sure we will get some good news. Some people say it may happen till end of May, or the fifth of June, I will not debate this, as I do not know …we will see what happens .

Let us see what happen later. I heard from contact in Reno that things should develop on the weekend BUT no confirmation on that, but that is what he said. So we wait and see, I am tired of this, it has been very difficult, never thought I would do this for so long.

 God bless you, let’s hope and pray that later we will get the news we are all waiting on. Take Care, Wolverine.”

Global Financial Crisis:

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, admits that CBDCs don’t solve any actual problems other than enabling central bankers to monitor all transactions and deduct taxes directly from people’s accounts. “I keep asking anybody, at the Fed or outside of the Fed, to explain to me what problem this is solving… I can see why China would do it. If they want to monitor every one of your transactions, you could do that with a central bank digital currency. If you want to directly tax customer accounts, you could do that with a central bank digital currency. So I get why China would be interested. Why would the American people be for that?”

Fri. 17 May 2024 Banks, US Stock Market About To Be Devastated By Black Swan Event: https://beforeitsnews.com/economy/2024/05/time-is-running-out-now-us-stock-market-banks-are-about-to-be-devastated-by-black-swan-event-atlantis-report-3111554.html

Fri. 17 May 2024: IMF Confirms US Dollar Is in Jeopardy https://watcher.guru/news/brics-imf-confirms-us-dollar-is-in-jeopardy

Read full post here:  https://dinarchronicles.com/2024/05/18/restored-republic-via-a-gcr-update-as-of-may-18-2024/

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

Militia Man  Article:  "The Finance Committee 'knows nothing' about the budget tables"  Al-Sudani has been holding his cards so ever close to the chest. The looks of it now is that he will not expose the 2024 schedule data until after there is an exchange rate change that will reduce the deficit.  Will that be after the vote for the Speaker of the House of Representatives in the HoR and or before extraordinary session for Sunday by the Prime Minister of Iraq, Al-Sudani.. Time will tell. But, since the CoM nor the HoR have yet to receive the 2024 Budget schedules we can deduce, it is going to be a very tight window for events to occur.

Frank26  [Iraq boots-on-the-ground report]   FIREFLY: Television says the speaker of the house will be voted on and will go through on Saturday and then the meeting of the emergency session for the review of the budget with the COM will be Sunday...Then the budget goes to the House the middle of the week.  FRANK:   They know what's going on.

URGENT NEWS: Emergency Meeting on Iraq 2024 Budget…Rate in Budget

Edu Matrix:  5-17-2024

URGENT NEWS: Emergency Meeting on Iraq 2024 Budget What the 2024 Budget Says About the IQD Rate.

https://www.youtube.com/watch?v=gd1Qdz0dipM

LIVE! H.R. 8421 "The Federal Reserve Board Abolition Act." (Don't Hold Your Breath...)

Greg Mannarino:  5-17-2024

https://www.youtube.com/watch?v=S5AJgdYvy4I

Economist’s “News and Views” Friday 5-17-2024

Debt Spiral Induced Market Crash Incoming? with Peter Grandich

WTFinance:  5-17-2024

On this episode of the WTFinance podcast I have the pleasure of welcoming back Peter Grandich - Founder of Peter Grandich & Company.

 During our conversation we spoke about strong markets leading to a crash, the risk of a debt collapse, what happens if no deficits, BRICS, why unemployment data isn’t the full truth, gold and more.

I hope you enjoy!

1:04- Introduction

 3:08 - Strong market for coming months before crash

4:53 - Risk of a debt collapse?

 6:23 - How long has run been going?

 9:53 - Wall Street Titans coming out against Biden

12:11 - What happens if no deficits?

16:50 - Who consumes China’s manufacturing?

19:11 - Can the change be prevented in US?

 22:05 - Strong employment helping economy

24:30 - Assets to perform?

29:05 - Who is buying gold?

31:40 - One message to takeaway from conversation?

https://www.youtube.com/watch?v=b_XWqT7qZXU

Beijing fortifies a rising gold price - LFTV Ep 173

Kenisis Money:  5-17-2024

In this week’s episode of Live from the Vault, Andrew Maguire guides listeners through the latest developments around the new BRICS currency, surging Chinese gold demand, and pivotal findings from the IMF’s latest report.

Timestamps:

00:00 Start

01:45 Community question: where are we in the physical vs paper war?

11:45 The BRICS gold-backed currency

18:15 Will massive Chinese gold demand continue?

32:45 The latest International Monetary Fund report

https://www.youtube.com/watch?v=NMr8wS04NcU

Gold & Silver Breakout: $30 Silver & $2400 Gold - What's Next? | Bill Holter

Liberty and Finance:  5-17-2024

The physical precious metals markets in the East are overwhelming the paper manipulation in the West, says Bill Holter .

Metals and miners are rising and showing significant signs of strength. He expects a breakout coming. Rising gold prices are signaling a collapse of currencies, he notes and cautions against investors waiting to protect themselves with metals.

For those waiting for pullback, he simply says "good luck."

INTERVIEW TIMELINE:

0:00 Intro

1:30 Physical vs paper

4:30 Fiat currencies collapse

5:25 Pullback coming?

6:39 Gold manipulation

 7:58 Selling gold & silver

 9:36 Gold/silver ratio

10:47 Is silver undervalued?

 11:30 Pre-1933 gold coins

 14:15 Gold jewelry

15:30 Currency crisis

16:47 Which currency will collapse first?

 18:40 China's national debt

21:40 Bank failures

25:00 Real estate and farm land

26:15 Relocation

29:08 Central banks & silver

https://www.youtube.com/watch?v=MWl92B6zTr0

Goldilocks' Comments and Global Economic News Friday Evening 5-17-24

Goldilocks' Comments and Global Economic News Friday Evening 5-17-24

Good Evening Dinar Recaps,

Iraq: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iraq  

Domestic stability has improved since the new government took office in October 2022. This has facilitated the passage of Iraq’s first three-year budget, which entailed a large fiscal expansion starting in 2023. The non-oil economy has rebounded strongly in 2023 after stalling in 2022 and was largely unaffected by the ongoing conflict in the region.

Nonetheless, Iraq remains highly vulnerable to oil price fluctuations, and private sector activity is hindered by the large state footprint—including as an employer of first resort—corruption, red tape, underdeveloped infrastructure, and poor access to credit.    IMF

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DTCC explores posting fund NAV data on blockchain with JPM, BNY Mellon, Chainlink - Ledger Insights

The Depository Trust and Clearing Corporation DTCC just made public the result of a proof of concept (PoC) test exploring the posting of tokenized funds by setting net asset values (NAV) data onto a blockchain.

In order to reach a real value on an asset, the value of an asset is reached by deducting the asset's liabilities from the market value of all of its shares. Then, you divide that number by the number of issued shares.

This is what happens in a reset when values across the board on the market have been inflated beyond their actual worth.

Until these calculations are completed across the board of the markets, it's hard to say we are going to have a crash or a rise in values of these new assets that are being tokenized and supported by gold and other commodities.

Forex will go into these equations as well finding representations of a real value for currencies giving them a Level Playing Field in the purchasing power of Global currencies around the world. This will give us a Global Currency Reset.

These correlated calculations will link themselves to the banking system causing the reformation of new values inside our new digital asset-based trading system.

This is the credit valuation adjustment we spoke of about a month ago that was going to start taking place. We are in the testing phase, but these assets will soon be interfaced onto the QFS reflecting new values in the new Financial System.

"The ten participants in the Smart NAV trial were American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JP Morgan, MFS Investment Management, Mid Atlantic Trust d/b/a American Trust Custody, State Street and U.S. Bank."      Ledger Insights
© Goldilocks

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CME Stock Exchange is planning to launch Bitcoin trading. This is currently in the discussion phase, but if it does go any further it will connect CME and the Swiss EBS.

The Chicago Mercantile Exchange is a global derivatives marketplace based in Chicago. The Swiss Electronic Bourse (EBS) is a "computer linking system between the former stock exchange trading floors in Zurich, Geneva, and Basel, Switzerland."

The connection would allow trades to be executed on all three of these trading floors onto Digital Ledger Technologies.

This is why it is so important to complete the MICA regulations. Currently, the integration at the full QFS is being set into motion.   Cryptonomist    Nasdaq  

© Goldilocks

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China Sells Record Sum of US Debt Amid Signs of Diversification | Finance Yahoo 

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Rep. Massie Introduces Federal Reserve Board Abolition Act to "End the Fed" | U.S. Representative Thomas Massie

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Trafigura, IXM caught in COMEX copper short squeeze as prices hit record | StreetInsider

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The state of play and what’s to come with CBDCs | London Blockchain Conference | Youtube

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Final Rules on Measuring Domestic Control of REITs | FTI

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Palo Alto Networks and IBM on Wednesday announced a significant partnership in which the two companies will jointly provide cybersecurity solutions, and IBM will deliver consulting services across Palo Alto’s platforms.

Palo Alto Networks is an American multinational cybersecurity company with headquarters in Santa Clara, California. The core product is a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security. The company serves over 70,000 organizations in over 150 countries, including 85 of the Fortune 100. It is home to the Unit 42 threat research team and hosts the Ignite cybersecurity conference. It is a partner organization of the World Economic Forum.   SecurityWeek   Wikipedia

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World Bank to issue Swiss digital bond settled in wholesale CBDC - Ledger Insights

Yesterday the World Bank announced it has priced a CHF 200 million digital bond to be issued on June 11 on the SIX Digital Exchange (SDX) and settled using the Swiss Franc wholesale central bank digital currency (wholesale CBDC).

The Swiss National Bank (SNB) is currently in pilot mode for its wholesale CBDC on the SDX DLT platform as part of Project Helvetia. Several digital bonds have used it for settlement. However, the World Bank, or rather the International Bank for Reconstruction and Development (IBRD), is the first international issuer to use the wCBDC. 

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We are beginning to witness how Digital Ledger Technologies, Tokenized Assets, and Stablecoins are currently being tested and regulated to go into law by the end of June 2024.

Do you see how these three networks work together to complete the functionality of the QFS?

Once these functionalities are complete, we will move into credit valuation adjustments to determine real values going forward.

The system will be tweaked during this time as the rest of the world catches up and interfaces their assets onto the system.

© Goldilocks

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Regulators Preparing to Finalize Basel IV | Insights | Mayer Brown

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Visa Reinvents the Card, Unveils New Products for Digital Age | Visa

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Press release: Basel Committee publishes report on the digitalisation of finance | BIS

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URGENT NEWS: Emergency Meeting on Iraq 2024 Budget #iqd  Rate in Budget | Youtube

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The modern CEO job is completely broken — but AI could make executives useful again | Business Insider

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Overview | World Bank

Iraq has a mixed economic system with some private freedom, but weak centralized economic planning and government regulation. The country's economy is dominated by oil exports, which serve as the basis of its GDP. Successive governments have done little to wean Iraq off this heavy dependency on oil rents and diversify the economy. 

However, non-oil growth has rebounded strongly in 2023, while inflation has receded. The World Bank has highlighted the importance of banking reforms and promoting digital financial services to increase financial intermediation and promote financial inclusion. 

The Iraq Vision 2030 plan includes diversifying the economy, reducing dependence on oil, promoting innovation, supporting SMEs, and attracting foreign investment. The plan also promotes sectors such as agriculture, tourism, manufacturing, and technology. 

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How Gold Affects Currencies | Investopedia

Gold can add value to a country's currency. Gold is used as a standard of value for currencies worldwide, and the price of gold can influence a country's currency value. For example, if a country exports gold, the value of its currency will increase when gold prices increase.

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BIS DROPS A BOMBSHELL! They Referenced Ripple/XRP On Their Panel!  You Will Regret Not Owning XRP! | Youtube

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14 Fireside chat - Technological innovation to enhance existing infrastructures | Youtube

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“Tidbits From TNT” Friday 5-17-2024

TNT:

Tishwash:  Among them are Russia and China... Members of the Security Council support ending the mission of the UNAMI mission in Iraq

 Yesterday, Thursday, a number of members of the UN Security Council, including Russia and China, supported Baghdad’s request to end the mission of the United Nations mission in Iraq by next year, but Washington did not immediately provide its support for this step.

Last week, the Iraqi government asked the United Nations to end, by the end of 2025, its political mission that it has been performing in the country for more than 20 years, considering that it is no longer necessary.

Iraq's Deputy Representative to the United Nations, Abbas Kadhim Obaid Al-Fatlawi, repeated the request before the Council, yesterday, Thursday, saying, "The mission achieved its goals."

Russian envoy Vasily Nebenzia supported this view, saying: “Iraqis are ready to take responsibility for the political future of their country.”

He added: "The remaining problems must not become an excuse for the United Nations mission to remain in the country indefinitely."

China's Deputy Representative to the United Nations, Geng Shuang, noted that within the framework of the annual renewal of the mission, whose mandate expires at the end of May, the Council must "propose a plan in order to ensure gradual withdrawal and a smooth transition towards final withdrawal."

Given that UN missions can only operate with the consent of the host country, Britain and France have also expressed their support for the shift in the partnership between Iraq and the UN.

The position of the United States was more ambiguous, as Ambassador Linda Thomas-Greenfield said that the United Nations Mission (UNAMI) still had “important work to perform,” and did not address Baghdad’s request.

She emphasized the mission's key role in many important political issues, such as supporting the organization of elections and promoting human rights, although Iraq clearly requested that the mission focus more directly on economic issues.

In an assessment requested by the council, German diplomat Volker Perthes said in March that UNAMI, which had more than 700 staff as of late 2023, “appears in its current form to be too large.”

Perthes called on the mission to "begin transferring its tasks to the national institutions and the United Nations team in the country in a responsible, organized and gradual manner within an agreed upon time frame."  link

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CandyKisses:  Gold prices are heading for gains for the second week in a row

Economy News - Baghdad

Gold prices looked poised for a second straight weekly gain on Friday, following recent U.S. gains.

Inflation data reinforced expectations that the Federal Reserve may cut interest rates this year.

By 0236 GMT, spot gold was up 0.1 percent at $2,379.14 an ounce.

Bullion prices are up 0.7% so far this week.

Gold futures settled at $2,383.20.

The dollar index fell (. DXY), down 0.6% for the week so far, against its rivals, making gold less expensive for holders of other currencies.

Data this week showed signs of slowing inflation in the United States. The Federal Reserve is good news, but policymakers have yet to publicly change their views on the timing of the interest rate cuts that investors believe will begin this year.

Bullion is known as an inflation hedge, but higher interest rates increase the opportunity cost of holding non-yielding gold.

Spot silver fell 0.2 percent to $29.53 an ounce after hitting a three-year high in the previous session, and palladium fell 1.1 percent to $982.77.

Platinum rose 0.3% to $1,060.15, after hitting its highest level since May 12, 2023 in the previous session. The metal has gained about 7% since the beginning of the week.

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CandyKisses:  Monetary Fund’: ‘Internal stability has improved since the new government took office in October 2022’

Economy News-  Washington, D.C. – On May 13, 2024, the Executive Board of the International Monetary Fund (IMF) concluded Article IV consultations with Iraq and examined and approved staff assessment.

Internal stability has improved since the new government took office in October 2022, facilitating the adoption of Iraq’s first three-year budget, which necessitated a major financial expansion starting in 2023, supporting that strong recovery in Iraq’s non-oil economy after a contraction in 2023. 2022.

Iraq has largely not been affected by the conflict in the region, and domestic inflation fell to 4% by the end of 2023, reflecting lower international food prices, the currency’s revaluation as of February 2023, and the return of trade finance to normal.

Continued financial expansion is expected to boost growth in 2024.

*Evaluation of the Executive Board*:

Executives approved the content of the staff assessment, welcoming the strong economic recovery, low inflation, and improved local conditions that led to the implementation of the first-ever three-year budget.

The managers agreed that the immediate implementation of customs and revenue management reforms, the full implementation of the unified Treasury account, strict control and the limitation of the use of extrabudgetary funds and government guarantees, are essential to support fiscal consolidation.

Managers praised the central bank’s efforts to tighten monetary policy and strengthen the liquidity management framework.

Better coordination between financial and monetary operations would help absorb excess liquidity and promote the transition of monetary policy.

Directors agreed that accelerating the restructuring of large state-owned banks is essential. They were supported by the modernization of the private banking sector, by facilitating the establishment of correspondent banking relationships, reducing regulatory uncertainties, and enhancing the efficiency and competitiveness of private banks.

The directors agreed that improving governance and anti-corruption are also essential, and encouraged further strengthening the anti-money laundering and terrorist financing framework, strengthening public procurement and business systems, and addressing shortcomings in the electricity sector.

Directors welcomed renewed efforts towards WTO accession and encouraged authorities to improve coverage and timing of statistics.

Directors welcomed the authorities’ request to create a policy coordination tool.

The next Article IV consultations with Iraq are expected to take place in the standard 12-month session.

Mot: .. Yeppers... They Have Come Up with the Perfect Treatment!!!! 

Mot:  ..... I fought the lawn & the lawn won!

Escobar: De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary Ecosystem

Escobar: De-Dollarization Bombshell - The Coming Of BRICS+ Decentralized Monetary Ecosystem

by Tyler DurdenWednesday, May 15, 2024 - 10:40 PM

Authored by Pepe Escobar,

Get ready for what may well be the geoeconomic bombshell of 2024: the coming of a decentralized monetary ecosystem.

Welcome to The Unit  – a concept that has already been discussed by the financial services and investments working group set up by the BRICS+ Business Council and has a serious shot at becoming official BRICS+ policy as early as in 2025.

According to Alexey Subbotin, founder of Arkhangelsk Capital Management and one of the Unit’s conceptualizers, this is a new problem-solving system that addresses the key geoeconomic issue of these troubled times: a global crisis of trust.

He knows all about it first-hand: a seasoned financial professional with experience in investment banking, asset management and corporate matters, Subbotin leads the Unit project under the auspices of IRIAS, an international intergovernmental organization set up in 1976 in accordance with the UN statute.

The Global Majority has had enough of the centrally controlled monetary framework put in place 80 years ago in Bretton Woods and its endemic flaws: chronic deficits fueling irresponsible military spending; speculative bubbles; politically motivated sanctions and secondary sanctions; abuse of settlement and payment infrastructure; protectionism; and the lack of fair arbitration.

In contrast, the Unit proposes a reliable, quick and economically efficient solution for cross-border payments. The - transactional - Unit is a game-changer as a new form of international currency that can be issued in a de-centralized way, and then recognized and regulated at national level.

The Unit offers a unique solution for bottlenecks in global financial infrastructure: it is eligible for traditional banking operations as well as for the newest forms of digital banking.

The Unit can also help to upend unfair pricing in commodity trading, by means of setting up a new – fair and efficient – Eurasian Mercantile Exchange where trading and settlement can be done in a new currency bridging trade flows and capital, thus paving the way to the development of new financial products for foreign direct investment (FDI).

The strength of the Unit, conceptually, is to remove direct dependency on the currency of other nations, and to offer especially to the Global Majority a new form of apolitical money - with huge potential for anchoring fair trade and investments.

It is indeed a new concept in terms of an international currency - anchored in gold (40%) and BRICS+ currencies (60%). It is neither crypto nor stablecoin – as it’s shown here.

The Beauty of Going Fractal

The Global Majority will instantly grasp the primary purpose of the Unit: to harmonize trade and financial flows by keeping them outside of political pressure or “rules” that can be twisted at will. The inevitable consequence translates as financial sovereignty. What matters in the whole process are independent monetary policies focused on economic growth.

That’s the key appeal for the Global Majority: a full ecosystem offering independent, complementary monetary infrastructure. And that surely can be extended to willing Unit partners in the collective West.

Now to the practical level: as Subbotin explains, the Unit ecosystem may be easily scalable because it comes from a fractal architecture supported by simple rules. New Unit nodes can be set up by either sovereign or private agents, following a detailed rule-book in custody of the UN-chartered IRIAS.

The Unit organizers employ a distributed ledger: a technology that ensures transparency, precluding capital controls or any exchange rate manipulation.

This means that connection is available to all open DEX and digital platforms operated by both commercial and Central Banks around the world.

The endgame is that everyone, essentially, may use the Unit for accounting, bookkeeping, pricing, settling, paying, saving and investing.

No wonder the institutional possibilities are quite enticing – as the Unit can be used for accounting and settlement for BRICS+; payment and pricing for the Eurasian Economic Union (EAEU); or as a reserve currency for Sub-Saharan Africa.

And now comes the clincher: the Unit has already received backing by the BRICS Business Council and is on the agenda at the crucial ministerial meeting in Russia next month, which will work out the road map for the summit next October in Kazan.

That means the Unit has all it takes to be on the table as a serious subject discussed by BRICS+ and eventually be adopted as early as in 2025.

Will Musk and the NDB Be on Board?

As it stands, the priority for the Unit conceptualizers – whom I followed for over a year during several, detailed meetings in Moscow - is to inform the general public about the new system.

The Unit team is not interested at all in getting straight into political hot waters or to be cornered by ideologically-laden arguments. Direct references to inspiring but sometimes controversial concepts or authors like Zoltan Pozsar may bury the Unit concept into pigeon holes, thus limiting its potential impact.

What may lie ahead could be extraordinarily exciting, as the Unit appeal could extend all the way from Elon Musk to the BRICS’s New Development Bank (NDB), hopefully engaging an array of crucial actors. After a positive evaluation by Finance Minister Anton Siluanov – who remains on the post in the new Russian government - it’s not far-fetched to imagine Putin and Xi discussing it face to face this week in Beijing.

As it stands, the major takeaway is that the Unit should be seen as a feasible, technical solution for the theoretically Unsolvable: a globally-recognized payment/trade system, immune to political pressure. It’s the only game in town – there are no others.

Meanwhile, the Unit conceptualizers are open for constructive criticism and all manners of collaboration. Yet sooner or later the battle ranks will be lined up – and then it will be a matter of seriously upping the game.

“Academically Sound, Technologically Innovative”

Vasily Zhabykin, co-author of the Unit white paper and founder of CFA.Center, Unit’s technological partner at Skolkovo Innovation Hub in Moscow, crucially stresses: the Unit “represents apolitical money and can be the connector between the Global South and the West.”

He’s keen to point out that “the Unit can keep all the wheels turning unlike most of the other concepts that feature ‘dollar killers’, etc. We do not want to harm anybody. Our goal is to improve efficiency of currently broken capital and money flows. The Unit is rather the ‘cure for centralized cancer’’’.

Subbotin and the Unit team “are keen to meet new partners who share our approach and are ready to bring additional value to our project.” If that’s the case, they should “send us 3 bullet points on how can they help and improve the Unit.”

A bold follow-up step should be, for instance, a virtual conference on the Unit, featuring leading Russian economist Sergey Glazyev, Yannis Varoufakis, Jeffrey Sachs and Michael Hudson, among others.

By email, Glazyev, a member of the Russian Academy of Sciences and the Minister of Integration and Macroeconomics of the Eurasia Economic Union (EAEU) , summed up the Unit’s potential:

“I have been following the development of Unit for more than a year and can confirm that Unit offers a very timely, feasible solution. It is academically sound, technologically innovative and at the same time complementary to the existing banking infrastructure.

Launching it under the auspices of an UN institution gives Unit legitimacy, which the current Bretton Woods framework is clearly lacking. Recent actions by the US administration and loud silence from IMF clearly indicate the need for change.

A decentralized approach to emission of potential global trade currency, whose intrinsic value is anchored in physical gold and BRICS+ currencies, makes Unit the most promising of several approaches being considered. It balances political priorities of all participants, while helping each sovereign economy develop along its optimal path.

The New Development Bank (NDB) and BRICS+ shall embrace the concept of Unit and help it to become the pinnacle of the new emerging global financial infrastructure, free from malign political interferences while focused instead on fair trade and sustainable economic growth.”

A clear, practical example of possible Unit problem-solving concerns Russia-Iran trade relations. These are two top BRICS members. Russian trade with Iran is unprofitable due to sanctions – and both cannot make payments in US dollars or euros.

Russian companies suffer significant losses after switching to payments in national currencies. With each transfer, Russian businesses on average lose as much as 25% due to the discrepancy between the market rate in Iran and the state rate.

And here’s the key takeaway: BRICS+ as well as the Global Majority can only be strengthened by developing closer geoeconomics ties. The removal of Western speculative capital shall free up local commodity trading, and enable the pooling of investable capital for sustainable development. To unlock such a vast potential, the Unit may well be the key.

Read full post here: https://www.zerohedge.com/geopolitical/escobar-de-dollarization-bombshell-coming-brics-decentralized-monetary-ecosystem

The New Gold Standard: Why Gold and Silver are Winning Over Fiat Currencies: Awake-In 3D

The New Gold Standard: Why Gold and Silver are Winning Over Fiat Currencies

On May 14, 2024   By Awake-In-3D

As economic instability looms, precious metals like gold and silver present a promising refuge against fiat currency devaluation.

In This Article:

• Historic Surge in Precious Metals

• Shifts in Monetary Policy and Interest Rates

• Implications of U.S. Economic Policies

• Financial Risks and Negative Trends Driving Gold and Silver Higher

• Future Projections for Gold and Silver

It isn’t rocket science to understand that, in today’s increasingly volatile economic landscape, the value of gold and silver relative to global fiat currencies has significantly intensified. This trend will continue, if not accelerate, from here on out.

Since October 2023, these precious metals have seen dramatic increases in value, contrasting sharply with the unstable trajectory of fiat currencies.

This article explains the enduring appeal of gold and silver as robust investments, particularly as economic indicators suggest a potential decline in the value of traditional currencies.

Historic Surge in Precious Metals

Gold’s value surged from just over $1,600 in October 2023 to a remarkable $2,300 recently.

Despite a decline in physical gold holdings by Gold Depositories, Gold Funds, and Gold ETFs, and a 96% drop in coin sales from major mints, the price of gold continues its upward trajectory.

This pattern underscores a significant shift as humanity increasingly views precious metals as a safe haven amidst economic uncertainty and fiat currency debasement.

Shifts in Monetary Policy and Interest Rates

The reversal of the U.S. interest rate trend in 2020 marked the beginning of a secular uptrend, with predictions of rates exceeding 10% due to inflation pressures from growing government deficits and debt worldwide.

This scenario places traditional monetary instruments under strain, particularly as central banks face challenges in controlling interest rates amid rampant government debt issuance.

The predicted end to rate cuts further complicates the financial landscape, enhancing the appeal of gold and silver as more stable store of value and purchasing power against falling fiat currency value.

Implications of U.S. Economic Policies

The U.S. economic outlook, likened to a Ponzi scheme, predicts grave financial instability.

With the Congressional Budget Office forecasting that interest costs will surpass defense spending by 2024, reaching $1.6 trillion annually, the U.S. financial situation appears increasingly precarious.

These developments not only threaten the nation’s status as a global power but also elevate the strategic importance of investing in precious metals.

Financial Risks and Negative Trends Driving Gold and Silver Higher

1. US Federal Debt: The current US Federal Debt is around $35 trillion, with projections indicating it could rise to $100 trillion by 2034.

2. Interest Rate Trends: Predictions suggest that interest rates could exceed 10% by 2036 or earlier, reminiscent of rates in the 1970s and early 1980s but with significantly higher debt levels.

3. US Treasury and Sovereign Debt Outlook: There’s an exponential increase in the issuance of US treasuries and most sovereign debts expected, with repayment options ranging from deferral to default.

4. Financial System Stability: US banks have reported unrealized losses on bonds totaling $650 billion, which could worsen with rising interest rates, indicating systemic financial instability.

5. US Treasuries and Sovereign Bonds: The attractiveness of US treasuries and other sovereign bonds is questioned, with a near-certainty of not recovering invested money due to significant devaluation and potential default scenarios.

Future Projections for Gold and Silver

Given the profound shifts in global economic policies, the outlook for precious metals remains highly optimistic.

Historical trends and the ongoing devaluation of fiat currencies suggest that gold and silver will continue to be essential components of investment portfolios.

Countries like Russia, with significant commodity reserves, are poised to recover more swiftly from global economic disruptions, indicating a broader move towards commodity-backed value storage, away from fiat currencies.

The Bottom Line

The case for gold and silver continues to be increasingly compelling.

Their ability to act as a hedge against inflation and currency devaluation, coupled with the growing economic instability and ineffective monetary policies, positions them as prudent choices for safeguarding wealth.

As traditional currency systems face unprecedented challenges, the intrinsic value of gold and silver shines brighter than ever, promising security in our increasingly uncertain future.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D

https://ai3d.blog/the-new-gold-standard-why-gold-and-silver-are-winning-over-fiat-currencies/

News, Rumors and Opinions Friday AM 5-17-2024

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. 17 May 2024

Compiled Fri. 17 May 2024 12:01 am EST by Judy Byington

BRICS to Launch Decentralized Financial System to End US Dollar

The BRICS economic alliance is set to implement a geopolitical game-changer, as it is expected to launch a decentralized financial system to end the US dollar.

Indeed, the bloc is currently discussing the implementation of such a system with the BRICS+ Business Council, which could become official policy within the next year.

Named The Unit, the system is set to combat the growing challenges of geo-economic finance concerns.

Moreover, the system is set to implement cross-border payment solutions as well as a newly implemented international currency under the BRICS infrastructure.

Zimbabwe New Currency, The Gold Back ZiG Monetary policy statement highlights: https://t.me/USDebtClockAmerica

Structured currency to be backed by reserves and royalties.

ZWL dollar currencies are to be converted to ZiG

ZiG to circulate alongside other currencies.

Multi-currency system is to stay until 2030 as per the law.

All obligations are to be converted to ZiG.

All banks are to accept old notes for the next 21 days.

ZiG notes 1, 2, 5, 10, 20, 100 200

Paper cash isn’t going anywhere for some time like I mentioned. The people that will want to use paper will however these paper notes will have a qr code for tracking.

What I would like to point out at the very bottom of this article you will see: “The gold coins and Zimbabwe gold-backed digital token

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Thurs. 16 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865

On Wed. 15 May one of the top people at Wells Fargo Bank said, “It looked good for a Shotgun Start in the next two days.”

The Iraqi Dinar has been trading in Iraq and was supposed to be on the Forex soon.

Iraq paid back to the IMF an 8 billion dollar loan they received in 2003. They had to have a revalued Dinar in order to do that.

The new Dinar rates are on the ATMs in the Iraqi airports.

The new in-country Dinar rate is over $8.

18 countries’ currencies were going up in value with the GCR.

A week ago yesterday Iraq was accepted in the World Trade Organization.

A Wells Fargo Bond Paymaster said that they were going to try to release this to Tiers 3, 4a,b later tonight.

We may get the R&R (Restitution Allowances) beginning on the 4th Wed. of May, or by the end of May.

Zim Holders will get their R&R at their appointment added to their exchange totals.

Read full post here:  https://dinarchronicles.com/2024/05/17/restored-republic-via-a-gcr-update-as-of-may-17-2024/

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

Frank26   Question:  "Are we waiting for the United Nations to remove sanctions?"  No they're all removed.  "Are they playing catchup or is everything going according to plan?"   Everything's going ahead of plan.  They are moving a lot faster than we even expected right now.

Sandy Ingram  It is hard to believe Iraq did not have certain banking capabilities until now...We understand why my ex-husband a retired banker with the Federal Reserve Bank and his peers believed the dinar would not revalue.  It appears until Iraq updated its banking system the country could not participate in the global financial platforms...The bankers in the US never explained the reasons for their negative attitude towards the Iraqi dinar.

Iraq's Advanced Passport System & Global Trade Good News from Iraq

Edu Matrix:  5-17-2024

Iraq's Advanced Passport System & Global Trade - Iraq is Moving Forward on a Global Scale - Electronic Passport and Global Trade Route - What Turkey's Finance Minister said and information on the four countries now involved in the Development Road Project. How the project is causing an upset to the Israel and US Trade Route plans.

https://www.youtube.com/watch?v=9gHIKuN42Ag

Tariffs and Inflation Are Taxes - Ep 961

Peter Schiff:  5-17-2024

https://www.youtube.com/watch?v=RZD9IWXHOL0