News, Rumors and Opinions Wednesday AM 5-22-2024

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 Wed. 22 May 2024

Compiled Wed. 22 May 2024 12:01 am EST by Judy Byington

Judy Note: The Q Clock ended on Tues. 21 May 2024 – the same day Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), announced his decision to step down from his executive role. This move marked the end of an era for the WEF, the Cabal’s Global platform established in 1971 to engage the world’s top leaders in to be in control of the World’s global, regional and industry agendas. Coinciding with Schwab’s announcement, Jamie Dimon, the CEO of JPMorgan Chase has announced his plans to retire and the FDIC chairman was also stepping down. These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.

Tues. 21 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#:

There was a meeting last night with 64 individuals in Reno to decide when the emails were going out for Tier 3, 4a,b. They were told to make the decision whether this was going on Tues. 21 May, or on Wed. 22 May.

It appears that this could go any time between 3pm and 9 pm Wed. night 22 May and then we start our exchanges on Thurs. 23 May.

A Metals Broker said this could go tonight Tues. 21 May.

On Sat. 18 May the Currency Rates on Bank and Redemption Center screens were showing zeros, and then on Sun. 19 May they started moving upward. By Mon. 20 May the currency values were still going up very fast.

A report from one Redemption Center said the currency rates were going up extremely fast in value.

The contract rate on the Dinar was very, very high.

Several Countries were installing new leadership such as Switzerland, Brazil and Iran, while Singapore has pulled away from Great Britain and has a new leader. The countries were moving to be Sovereign.

A Metals Broker said that this could go overnight tonight Tues-Wed 21, 22.

Everyone left Reno either last night or at 6am this morning. That means they got things done and we should have this overnight tonight or tomorrow.

US Treasury Conference Call on Sun. 19 May 2024: “Everything is on schedule and the US is finishing up last minute paperwork. All tests for the RV have gone great. Stay positive. It’s coming.”… Mena, Liberty Lounger Extraordinaire on Telegram Sun. 19 May 2024

Mon. 20 May 2024 MarkZ: “Many banking sources are expecting big things this week. Many bankers are upbeat about this upcoming Memorial Day Weekend.” 

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Global Financial Crisis:

Tues. 21 May 2024 Why the Federal Reserve Fears This New Bill to End Its Power. A door has opened for an American MONETARY AND CURRENCY RESET that ENDS the Fiat Financial System. https://ai3d.blog/why-the-federal-reserve-fears-this-new-bill-to-end-its-power/

Tues. 21 May 2024 BRICS Trade Hits New Record as US Dollar Takes Big Hit. The BRICS economic alliance has seen its unilateral trade reach a notable new record as the US dollar has taken another big hit. Specifically, two of the bloc’s most prominent nations have seen trade exchanges surpass $50 billion for the first time in history, according to the Emirates News Agency. Indeed, Russia and India have facilitated record bilateral trade relations, with the figure reaching $17.5 billion in the first quarter of the year. Subsequently, the nations have seen trade activity grow by more than 5% in local currency, with the move certainly affecting the prominence of the greenback on the international stage.

In the lead-up to the creation of the FED, big banks consolidated power – deciding the fate of money behind closed doors.

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Mon. 20 May 2024 The Blockchain Act: 3 More Steps To Financial Freedom, Ariel on X https://x.com/prolotario1/status/1792636180518900011?s=46 congress.gov/bill/118th-congress

Locked & Loaded: With Blockchain, your money is locked up tight. No hackers, no scammers, no funny business. It’s like having a 24/7 bodyguard for your bank account.

The Speeding Bullet: Forget waiting days for your money to move. Blockchain transactions are fast, secure, and convenient. Getting paid and paying others is extremely quick.

Bye-bye, Big Banks: Blockchain puts the power back in the hands of the people. No more relying on those suits in the high-rises to handle your dough. You’re in control now. So be wise with your decisions.

Transparency Is Key: Blockchain is like an open book. Everyone can see what’s going down, but nobody can mess with it. That means no shady dealings or backdoor schemes.

Uncle Sam In The Crosshairs: With Blockchain, the government can’t just print money like it’s going out of style. This helps keep inflation in check, so your cash doesn’t lose its value. Factor in the gold standard and you are basically invincible.

ISO-20022, Basel ¾ Comes 589 SOFTR: We will have all the tools in the world to secure our financial independence.

This was passed by a 334-79 majority. Any political figure caught trying to vote against this will be voted out of office. It will be plain as day for those who want to keep the American people in financial turmoil.

Now I see why some are now supporting crypto/digital age. Everything will be tokenized. I people who prefer cash/paper will not be disregarded in lieu of exclusive digital money like the Federal Reserve CBDC agenda because everything will be on Blockchain. So it will be a monumental change in how our money is managed.

Read full post here:  https://dinarchronicles.com/2024/05/22/restored-republic-via-a-gcr-update-as-of-may-22-2024/

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

Frank26   THE MOMENT THEY RELEASE THE NEW EXCHANGE RATE AND NEW LOWER NOTES...  THE FLOAT AUTOMATICALLY STARTS ON FOREX!  That's the float that's going to take it to the real effective exchange rate.

Mnt Goat   So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW!  ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!  

Iqd iraq good good good

Nader:  5-21-2024

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

CBI Meeting with World Bank Vietnam in Trouble? Maybe

Edu Matrix:  5-22-2024

CBI Meeting with World Bank Vietnam in Trouble? Maybe IQD/USD VND/USD Exchange Rates.

https://www.youtube.com/watch?v=2DwebvAyHdU

Goldilocks' Comments and Global Economic News Tuesday Evening 5-21-24

Goldilocks' Comments and Global Economic News Tuesday Evening 5-21-24

Good Evening Dinar Recaps,

"The final elements for the implementation of Basel III in the EU are now agreed and will start applying on the 1st of January 2025."

Currently, we have tokenized assets and stablecoins backed by gold and other commodities moving through legislation and expected to become law at the end of June 2024.

This is forcing governments around the world to begin making decisions to implement their new digital economy. These monetary policy shifts will create credit valuation adjustments across all sectors of the market including Forex.

Countries have began moving towards bilateral trade agreements utilizing their own currencies in trade. This move will increase the demand for their currencies, yet they still need a stable price on them.

This is where stablecoins come into play. Stablecoins are backed by commodities. This alone will support the need to raise the value of currencies around the world to level the playing field in trade.

For the last 4 years, trade has been disrupted and rerouted to increase the level of exports in countries around the world offering support for these new currency values that are about to come into play.

The IMF has been working with countries globally to give guidance and instruction on their countries' ability to shift into a new supply and demand regimen. Work has been done to increase Capital Requirements  through commodities and increasing exports.

These measures will support new values and justification for currency valuation adjustments because their credit in the ability of doing so will be met by the above requirements.

We have a deadline for these changes to take full effect by January 1st, 2025. As you can surmise, price pressures to move into a real value between now and then are about to begin.

Look for XRP and XLM to be the first movers in the new digital economy. Their supporting actors will be ISO 20022 digital coins. These ISO tokens will be networks that will move money from one sector of the market to another.

Our movement from wire transfers to instant transfers electronically and through a quantum computer will increase money velocity. This will increase demand and increase the value and support for currencies going to higher levels.

Just holding ISO tokens and utilizing them in the new economy, with gold backing each of them, will serve as the bridge to our next economy. Commodities will be the next long-term Bull Run.

Our first RV (digital) is about to interface with traditional market assets on the QFS. This will transform our banking system and markets (paper money) into the new digital asset based trading system - the second RV.  Study Smarter   The Print    IT Supply Chain    Investopedia   Deloitte
 
© Goldilocks

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RESULTS of Iraq's Emergency Budget Meeting | Youtube

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Twitter

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CBI Meeting with World Bank Vietnam in Trouble? Maybe | Youtube

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NEW: House Democratic leaders said today they will NOT whip against House Republicans' crypto bill, I'm told.

The whip question sent to members this a.m. says that Waters and Scott "strongly oppose" the legislation, but does not urge them to vote "no": politico.com/f/?id=0000018f…    Twitter

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Folks, the new digital economy continues to move forward, and it is beginning to force decisions around the world on the government level.

Things have reached a critical state in the currency markets forcing the issue to move forward with credit valuation adjustments across all sectors of the market.

We now have a drivers for the market. It is digital, gold, and sailed across the Open Seas.

© Goldilocks

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FIT21 Gets House Vote, Will Crypto Stay a Partisan Issue | CCN

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H.R.4763 - 118th Congress (2023-2024): Financial Innovation and Technology for the 21st Century Act | Congress.gov | Library of Congress

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H.R. 5403, CBDC Anti-Surveillance State Act | Congressional Budget Office

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Saudi fintech barq and TerraPay forge strategic partnership | Arab News

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Santander, Iberpay introduce global instant transfers | The Paypers

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Highlighted here, the Ripple case and the ruling of #XRP was the main catalyst that started the push for real legislation to pass.

Without Ripple v SEC, this week would not have happened.   Twitter

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Biden extends Iraq’s national emergency for more year | Search4Dinar

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Russia purchased arms manufactured by its BRICS counterpart India by paying $4 billion in local currencies and not the US dollar. The Indian-made arms and equipment were procured by Russia citing 'defense purposes'. | CryptoRank

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BlackRock Exec Predicts Tidal Wave of Institutional Money Flooding Into Bitcoin ETFs — TradingView News 

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World Economic Forum founder Klaus Schwab will leave executive post | Semafor

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Several States Take Steps To Block A Central Bank Digital Currency | ZeroHedge

👆 it's going to be a fight

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JUST IN: Donald Trump's presidential campaign officially accepts Bitcoin and crypto. | @Watcher Guru

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Silver's Final Breakout Has Begun as World Trumps US Derivative Markets | Youtube

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"Ripple CLO Claims The SEC Has a NODE on the XRP Ledger"

A NODE offers ways to approve and process transactions without a centralized authority.  

A node validates and authenticates blockchain transactions. A Blockchain node's primary job is to confirm the legality of network transactions.

Once a confirmation is made between two digital networks through a blockchain consensus, a transaction is validated on both sides of an exchange.

A protocol brings all nodes of a distributed blockchain network into agreement on a single data set or similar data confirming the right to move forward inside a blockchain connection. Then, a digital transaction can go through for both parties.

This is done electronically and without the need of someone mediating the transaction on the QFS.

It looks like XRP and the SEC have decided to play ball together.  Times Tabloid  Trade Marks  Ledger

© Goldilocks

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More News, Rumors and Opinions Tuesday PM 5-21-2024

Ariel: The Blockchain Act: 3 More Steps To Financial Freedom Locked & Loaded

With blockchain, your money is locked up tight. No hackers, no scammers, no funny business. It’s like having a 24/7 bodyguard for your bank account. 

The Speeding Bullet: Forget waiting days for your money to move. Blockchain transactions are fast, secure, and convenient. Getting paid and paying others extremely quickly. 

Bye-bye, Big Banks: Blockchain puts the power back in the hands of the people. No more relying on those suits in the high-rises to handle your dough. You’re in control now. So be wise with your decisions. 

Transparency Is Key: Blockchain is like an open book. Everyone can see what’s going down, but nobody can mess with it. That means no shady dealings or backdoor schemes. Uncle Sam In The Crosshairs: With blockchain, the government can’t just print money like it’s going out of style. This helps keep inflation in check, so your cash doesn’t lose its value. 

Factor in the gold standard and you are basically invincible. 

ISO-20022 
Basel 3/4 Comes 
589 SOFTR 

We will have all the tools in the world to secure our financial independence. This was passed by a 334-79 majority. 

Any political figure caught trying to vote against this will be voted out of office. It will be plain as day for those who want to keep the American people in financial turmoil. 

Now I see why some are now supporting crypto/digital age. Everything will be tokenized. People who prefer cash/paper will not be disregarded in lieu of exclusive digital money like the Federal Reserve CBDC agenda. Because everything will be on Blockchain. 

So it will be a monumental change in how our money is managed.

https://www.congress.gov/bill/118th-congress/house-bill/6572

https://dinarchronicles.com/2024/05/20/ariel-prolotario1-3-more-steps-to-financial-freedom-locked-and-loaded/

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

Frank26  Article: "The Central Bank begins the second phase of its banking reform strategy"  THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD...'WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)

Pimpy  There's a lot of interesting news but one in particular just got my attention.  The conversation about floating the Iraqi dinar.  If ever you wanted something to happen and for it to move in a positive way, floating the Iraqi dinar would be it since they have not re-denominated and they have not removed the zeros, if they go to a floating exchange rate and... the world goes crazy and starts buying up a lot of Iraqi dinar and it causes the exchange rate to jump up in value really quickly...as soon as you spot a rate you're comfortable with, man you better sell and...get rid of the dinar...This is really exciting if they decide to go that route.  I just don't think they're going to do it.

Russia Seizes EU Bank Assets, China Economic Bazooka Begins, Russian Gas To China Unstoppable

Sean Foo:  5-21-2024

Russia has frozen yet more Western assets. This time, they have targeted Western banks still in Russia and this won't stop.

Meanwhile, China's big stimulus push has begun, unleashing over $138 billion dollars in bonds to rescue the property sector.

Finally more cheap Russian gas will be flowing to China soon and this could be a big game changer.

Timestamps & Chapters:

 0:00 Russia Freezes EU Bank Assets

2:52 Yellen Wants Confiscation

6:07 China Huge Stimulus Begins

9:12 China's Big Rescue Plan

12:25 Cheap Russian Gas To China

https://www.youtube.com/watch?v=ix-Q4GWj18M

Civil War… Really?

Civil War… Really?

Notes From the Field By James Hickman (Simon Black)  May 20, 2024

On July 12, 1648, dozens of angry French politicians gathered at the hallowed Palais de Justice in Paris to draft the final ultimatum that would be sent to their nine-year-old king, Louis XIV.

The politicians were all members of France’s national parliament, and, like most modern politicians, they were almost all lawyers who lived extremely privileged lives at the expense of French taxpayers.

In France, most aristocrats historically came from a group known as the noblesse d'épée, essentially Knights of the Sword. They were warriors who had fought valiantly and had won their power for their dedicated service to France.

This new class of politicians, however, came from a different group known as the noblesse de robe. They had never fought or bled for France, and rather had spent their lives in academia and law school without any understanding of the real world.

And while they claimed that their political crusade was all about ‘the people’, it was obvious that they just wanted more power for themselves.

France was just coming out of the Thirty Years’ War. The King was just a boy. The chief minister-- Jules Mazarin-- was extremely unpopular. So, these politicians saw an opportunity to take power.

They relied on their friends in the media to create divisions in French society-- Catholics versus Huguenots, peasants versus merchants-- and before long there was talk of civil war. And it didn’t exactly go as planned.

On August 27, a few weeks after submitting their ultimatum, roughly 160 politicians marched to the royal palace. They were joined by a small crowd of peasants who were dumb enough to believe that these nobles actually cared about commoners’ problems.

The royal court initially decided to placate and respect the crowd, so Louis’ mother took him outside of the city for a while. The politicians and their peasant followers immediately declared victory and turned Paris into a sort of ‘autonomous zone’.

But as months went by and nothing really improved, many of the peasants began to realize that they were just pawns in the noble’s attempt to seize power and turn France into an even worse feudalist state.

Eventually the boy king returned-- this time with his army. And suddenly the rebel nobles realized that their civil war was about to get real. Trained, professional fighters were about to march through Paris and vanquish all the sissy elites who had never fought a day in their lives.

Sure, the elites knew how to write angry letters. They knew how to use the media to stoke divisions and call their opponents all sorts of horrible names. They knew how to talk tough. And if they were alive today, they’d probably be really great at making TikTok videos.

But they were ultimately a bunch of cowards who weren’t even willing to get a bloody nose for their so-called beliefs. And France’s ‘civil war’ was over in no time.

This is one of the great lessons from history: it’s easy to pretend that you stand for something when the cost for doing so is absolutely nothing. You only find out what people truly believe when their own blood and livelihood is on the line.

In our modern era, we have equally incompetent, idiotic, wimpy politicians who are devoid of backbone. They have no clue how the real-world works, and they live a life of lavish status courtesy of the taxpayer.

They, too, have stoked division and animosity among the population. People used to be able to disagree with one another civilly. Now countless fanatics viscerally hate the other side and call for large groups of people, whether ‘billionaires’ or ‘Trump Supporters’ or ‘oil execs’, etc. to be lined up against the wall and shot.

There is no rational discourse anymore, only shouting matches, angry Twitter feuds, and ‘mostly peaceful’ protests. The takeover of so many college campuses across the Land of the Free is a testament to how far civil discourse has fallen.

It’s so bad that a number of polls suggest up to 43% of Americans think another civil war is coming within a decade. Even Ray Dalio-- billionaire founder of the world’s largest hedge fund-- recently said the same thing in an interview with the Financial Times last week. Some politicians and vocal social media personalities have also called for a ‘national breakup’.

Given that there’s even a Hollywood production out in the theaters right now literally called Civil War about a future breakdown of the US, we thought it was time to weigh in with a dose of reality.

Let’s be honest: an actual “war”, i.e. shooting, violence against violence, etc. isn’t going to happen.

Just like the French civil war in the mid-1600s, the majority of the hyper-angry progressive rebels in America today are elitist cowards. One need only take a look at the people who have taken over the universities: they’re idiot kids, not terrifying holy warriors.

Sure, it’s easy to look tough and storm an administrative building when your spineless university president tacitly (or explicitly) supports your cause.

But the second there’s any real violence, i.e. someone who fights back, they’ll all run away in an instant. They can’t even take a bloody nose.

To Read More:

https://www.schiffsovereign.com/trends/civil-war-really-150863/

How Deleting Three Zeros Will Change the Iraqi Dinar: Awake-In-3D

How Deleting Three Zeros Will Change the Iraqi Dinar

On May 20, 2024 By Awake-In-3D

The critical differences between currency re-denominations and exchange rate purchasing power explained.

In This Article

• Introduction to Currency Re-Denominations

• IQD: Practical Examples and Misconceptions

• The Impact on Salaries and Real-Life Scenarios

• Kuwaiti Dinar: Understanding Currency Exchange Rates and Purchasing Power

Currency re-denominations and exchange rate purchasing power are essential concepts to clearly understand in a global financial system.

They influence how money is valued and used in different economies.

Introduction to Currency Re-Denominations

Currency re-denomination involves changing the face value of a country’s currency by removing zeros from the notes. They are not rare.

Romania, for instance, re-denominated their currency in 2005 by deleting five zeros. Both the old and new notes remained in circulation together.

Romania deleted five zeros from their currency in 2005

This process does not alter the currency’s actual purchasing power. It is typically undertaken to simplify transactions and accounting.

Practical Examples and Misconceptions

Example: Iraq

Consider Iraq, where a 1,000 IQD note currently buys a single loaf of bread.

If Iraq re-denominates its currency by removing three zeros, the new note would be a 1 IQD note. Despite this change, the new 1 IQD note would still buy the same loaf of bread.

The purchasing power remains unchanged because the value of the currency relative to goods and services stays the same.

Common Misconceptions

Some people believe that removing zeros from a currency increases its purchasing power.

For example, they might think that the new 1 IQD note would buy 1,000 loaves of bread instead of one. This misconception ignores the fundamental principle that re-denomination is merely a cosmetic change.

The actual value of the currency, and what it can buy, does not increase.

The Impact on Salaries and Real-Life Scenarios

To further clarify, let’s consider a salary scenario.

If an individual in Iraq earns 100,000 IQD per month, a re-denomination removing three zeros would change their salary to 100 IQD per month.

The new 100 IQD salary would still have the same purchasing power as the old 100,000 IQD salary, allowing them to buy the same amount of goods and services.

Historical Context: Zimbabwe

Zimbabwe’s experience with re-denomination provides a similar example in reverse.

During periods of hyperinflation, Zimbabwe repeatedly added zeros to its currency, creating notes worth trillions of ZIM.

Zimbabwe 2008 100 Trillion note.

However, these new notes did not buy more than the previous billion ZIM notes, illustrating that re-denominations do not enhance purchasing power.

Understanding Currency Exchange Rates and Purchasing Power in Kuwaiti Dinar (KWD)

Determining a currency’s purchasing power relative to other currencies involves complex calculations, especially with fiat currencies.

For example, Kuwait’s dinar (KWD) has the highest exchange rate against the US dollar. However, this does not mean that the average Kuwaiti has higher international purchasing power than the average American.

Salaries in Kuwait are lower in KWD terms, reflecting the exchange rate’s impact.

Example: Moving from the USA to Kuwait

If someone earning $100,000 per year in the USA moves to Kuwait for work reasons, they cannot expect to earn 100,000 KWD per year.

This would be equivalent to earning $260,000 per year instead of the previous $100,000/year.

It would be great for the person moving to Kuwait, yet it is a completely unrealistic scenario.

Instead, their salary in Kuwait would be adjusted to match the KWD/USD exchange rate, likely around 38,000 KWD per year at current rates.

This ensures that their salary purchasing power remains reasonably consistent across currencies.

The Bottom Line

Currency re-denominations and exchange rates are vital in understanding how money functions globally.

Re-denomination changes the face value of money but not its purchasing power.

Similarly, exchange rates impact how much goods and services can be bought in different currencies.

© 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

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“Tidbits From TNT” Tuesday 5-21-2024

TNT:

Tishwash:  The House of Representatives receives the budget schedules from the government

Today, Tuesday, the Media Department of the House of Representatives announced that the House had received the budget schedules from the government.

The department said in a statement received by the Iraqi News Agency (INA), “The Secretary-General of the House of Representatives, Safwan Bashir Al-Jarjari, received the budget schedules from the government today.”

She added, "Al-Jarjari referred the agendas to the Presidency of the House of Representatives link

Tishwash:  The budget tables are in a final government audit before being sent to Parliament

An informed source revealed that the financial budget schedules for the year 2024 are subject to a final government audit before being sent to the House of Representatives.

“The budget tables are now in the legal department of the General Secretariat of the Council of Ministers, and it is hoped that their audit will be completed within the secretariat and then sent to the Parliamentary Finance Committee.”

The source stated, “In the coming days, the Finance Committee will review the budget schedules sent by the government and follow up on their disbursement, and will make some amendments to them if necessary to adapt them to the public need.”

The Council of Ministers voted in an extraordinary session last Sunday on the budget schedules and referred them to the House of Representatives.

Prime Minister Muhammad Shiaa Al-Sudani revealed in a press conference after the session the details of the budget tables and the most prominent contents of them. He said:

Table (A) included revenues totaling (144.336) trillion dinars, and Table (B) concerned the total planned expenditures totaling (210.936) trillion dinars.

- The planned budget deficit amounted to (63.599) trillion dinars, and Table (C) is the centrally funded workforce table, amounting to (4,079,906) employees, and governing expenditures amounted to (10.042) trillion dinars.

- The investment budget for 2024 is (54.298) trillion dinars, and may reach 55 trillion dinars.
- Governorate allocations to local government programs with an investment allocation amounted to (10.633) trillion dinars in 2023, and we financed (3.333) trillion, based on fundamental requests from the governorates.

- The remainder of the allocation (7.333 trillion dinars) is in a trust account, at the disposal of the provincial governments.

- Allocating approximately (8) trillion dinars to ongoing projects, including allocations in 2024.
- For the first time in the history of budgets, we have exceeded spending by 50%.

The increase in debt repayment amounted to 3.9 trillion dinars. In 2023, the debt repayment was 12,751, and in 2024, we repaid 16.725 trillion.  link

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Tishwash:   Government Spokesman: This year and the coming will witness progress on important projects that affect the lives of citizens

The official spokesman for the Iraqi government, Bassem Al-Awadi, announced today, Monday, that the current and next year will witness the movement of important projects that affect the lives of the citizen.

Al-Awadi said in a televised statement: “The Iraqi government has tended to reduce debts and reduce the deficit in the upcoming budget, indicating that the government has tended to maximize non-oil revenues to more than 18 trillion, adding that the government has tended to grant guarantees and guarantees for vital projects that revive the economy.”

Al-Awadi stressed, “Our institutions are able to compensate the United Nations mission and our cooperation continues with the organizations.”  link

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Tishwash:  Iraq is whitewashing its debt book... and fears of financial waste

Iraq closed the file of its debts owed to the International Monetary Fund and accumulated since 2003, with a total amount exceeding 8 billion dollars, through several loans that were aimed at supporting macroeconomic stability and implementing financial reforms.

According to the financial advisor to the Iraqi government, Mazhar Muhammad Salih, after 2003, the International Monetary Fund provided several loans to Iraq that were aimed at supporting economic stability and implementing financial reform processes between the years 2003 and 2021.
Saleh explained, in an interview reported by the Iraqi Media Agency (INA), that Iraq obtained several financing programs from the International Monetary Fund, including emergency loans and relatively long-term financial aid. 

Saleh stated that since 2003, the value of loans and financial aid granted by the International Monetary Fund to Iraq amounted to $8 billion, and was repaid in full, with a focus when granting loans on implementing programs linked to supporting macroeconomic stability and implementing the necessary financial reforms. The International Monetary Fund had previously explained that Iraq needs to gradually correct its public financial conditions, to achieve debt stability in the medium term and rebuild financial reserves.

In its statement, the Fund welcomed the strong economic recovery, low inflation in Iraq, and the improvement in local conditions that led to the implementation of the first three-year budget, stressing the necessity of sound economic policies and structural reforms in Iraq to secure public finances and debts, given the regional conflicts that may affect oil prices.

At the end of last year, 2023, the International Monetary Fund stated that Iraq's economy relies heavily on oil revenues, and needs radical structural reforms to diversify sources of income and achieve sustainable growth. 

Financial waste

In this context, the financial expert, Rashid Al-Saadi, said that financial waste in Iraqi state institutions exceeds 40 billion dollars annually, and that Iraq is capable of addressing this serious problem by drawing up a sound monetary economic policy and reducing levels of financial waste. Al-Saadi added to Al-Arabi Al-Jadeed that Iraq was one of the founding countries of the International Monetary Fund in 1944, and has a strong position in the international financial system, due to its high confidence that enables it to achieve its economic policies and provides sustainable development opportunities.

He pointed out that the International Monetary Fund's decision not to provide Iraq with development loans comes because of the Fund's policy, which requires granting debts for the purpose of achieving sustainable development projects and not in order to pay salaries and the deficit in the state budget. Al-Saadi stated that the IMF stressed greatly the importance of Iraq’s move to rationalize its cash consumption, work to achieve new resources, and invest its natural and human resources to achieve the optimal financial output away from the financial waste occurring in state institutions.

He stressed that there are more than 100,000 employees who receive salaries without any work or production, in addition to the presence of approximately 150,000 employees who receive more than one salary, in addition to the great waste in the expenses of the government and its higher institutions. He stated that the financial waste in salaries and expenses holds the state budget at more than 40 billion dollars annually, which is a dangerous percentage that leads to significant slackness and a dangerous increase in the volume of expenditures, stressing the importance of reducing surplus expenditures and working to diversify the sources of national income for the Iraqi state. 

Loan burden

The economic researcher, Ahmed Sabah, said that Iraq tried to improve its relationship with the International Monetary Fund after 2003 through the Paris Club Agreement and the resulting decisions in order to extinguish the debts incurred by Iraq before its invasion in 2003, which were estimated at around 100 billion dollars, and which passed Several stages ended in 2008.

Sabah added to Al-Arabi Al-Jadeed that Iraq bore the burden of new loans at the beginning of 2014, which witnessed a rise in government expenditures on the battles to regain control of the areas that fell under the control of ISIS, and the financial problems that befell the state and a large deficit in the balance of payments. Which prompted him to request a loan from the International Monetary Fund worth $5.34 billion to meet his financial obligations.

Sabah stressed that Iraq did not sever its relationship with the International Monetary Fund, but rather the economic policy currently followed has caused the Fund to lose its confidence in it, due to the large waste of money in Iraq and the high volume of unjustified spending far from production and the multiplicity of means of national income. He stated that Iraq's economy is unstable and suffers from many fluctuations due to its total dependence on oil revenues, in addition to the state's poor economic management and its weak production performance.

Sabah stated that any decline in global oil prices will cost Iraq a lot, increase the deficit rate and raise the levels of economic risk that will result in Iraq’s bankruptcy and its reaching dangerous stages. He stressed the importance of improving Iraq's financial situation and strengthening its economic relations with international financial organizations and bodies to raise the level of confidence and confront economic crises.  link

Mot:  . Understanding Women!!! ---

Mot: ... The Moments When Ya Wonder – Hmmmmmmmm

News, Rumors and Opinions Tuesday AM 5-21-2024

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 Tues. 21 May 2024

Compiled Tues. 21 May 2024 12:01 am EST by Judy Byington

Judy Note: The Globalist Cabal was bankrupt and trying to create World War III. They wanted to profit from both sides of another war, plus was setting up The Great Reset of fiat digital currency in order to completely control the World’s financial System and subsequently, the People of the World.

In the meantime the Cabal’s once ally Iran was accepted into BRICS gold/asset-backed currencies, which meant they agreed to 100 years of peace.

You are witnessing a race between two superpowers who are trying to establish themselves as the world’s financial power.

Another World War would create a Global Financial Crisis that makes way for implementation of the Cabal’s Great Reset.

The Cabal’s Blackrock former Portfolio Manager Ed Dowd, explained why every last remnant of human freedom depended on widespread rejection of the Great Reset’s CBDC. “It is literally a prison planet. Once the Central Bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down.”

Experts warn that US may freeze bank withdrawals as currency fear rises.

Judy Note: Could the Cabal’s US Inc. be involved in the Iranian helicopter crash on Sun. 19 May where the Iranian President and all his high up government officials were killed?

Iran was collaborating with Russia on creating a single BRICS currency – which would nullify the Cabal’s US Inc. planned Great Reset.

The Cabal was broke due to their fiat Federal Reserve US Dollar and they needed a World War to keep themselves financially afloat.

The death of Iranian officials triggered the Iranian Stock Market to crash, which affected a downfall of the Global Financial System.

~~~~~~~~~~~~~~

Global Currency Reset:

Fri. 17 May 2024 MarkZ: “On May 22nd, (This is from the IRS but other government agencies are also doing this) they will be conducting emergency alert tests nationwide to all their employees on text messaging, email and laptop notifications. So they are prepared for May 22nd.

US Treasury Conference Call on Sun. 19 May 2024: “Everything is on schedule and the US is finishing up last minute paperwork. All tests for the RV have gone great. Stay positive. It’s coming.”… Mena, Liberty Lounger Extraordinaire on Telegram Sun. 19 May 2024

Mon. 20 May 2024 Wolverine: “It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month.”

Mon. 20 May 2024 MarkZ: “Many banking sources are expecting big things this week. Some expect things as early as today. Many bankers are upbeat about today and this upcoming Memorial Day Weekend. 

Mon. 20 May 2024 Rubix Q: “I now have a banker and he has verified this is real. They have been trained and it is a WF bank. He also said that they will be playing a huge role in this. Call around ask for a wealth manager. If they are participating they will set you up with a relationship manager. I was also told when asking, we will not be the ones under NDA…He couldn’t say anymore….hint hint.”

“Gold is money. Everything else is credit.” -J.P. Morgan 1912

Read full post here:  https://dinarchronicles.com/2024/05/21/restored-republic-via-a-gcr-update-as-of-may-21-2024/

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

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

Frank26   There's some good articles about the float... that's the number one topic right now...We're looking for those videos I told you about.  We're looking for more information to be coming out.  This plethora of articles, notice they're all focusing on what?  The float.  Because that IMO is what's next.

Fnu Lnu  [Reference to the need for an NDA]  There is nothing for any Dinar holder to disclose.  ALL DINAR OWNERS will get the exact same amount for the exchange rate of their Dinar. There will be NO DIFFERENCE in rate between participating banks or whether you go to an off-site exchange location or not. NONE! NADA! There is NO information to protect for the ordinary Dinar owner/investor. People who were invited to participate in the Private Placements were typically those who have over 10,000,000 Dinar and the reason for the NDA is because they will receive a substantially higher rate for their exchange because they are selling to private foreign entities, in a private sale, outside the general public participant who typically owns only one 25,000 Dinar Note.

BRICS End G7 Hegemony: What is Next?

Fastepo:  5-20-2024

Ever wondered why BRICS+ is set to outpace the G7 in economic growth and global influence?

 With its rapidly growing economies and a young, dynamic population, BRICS+ is reshaping the global economic landscape.

Discover how this bloc is challenging Western dominance and creating new opportunities for the Global South.

Dive into the video to explore the future of global power dynamics!

https://www.youtube.com/watch?v=2Ly3BrIhTHw

More News, Rumors and Opinions Monday PM 5-20-2024

KTFA:

Clare: The Iraq Fund for Development approves steps to localize industries and attract foreign investments

5/20/2024

Today, Monday, Prime Minister Muhammad Shiaa Al-Sudani chaired the third meeting of the Board of Directors of the Iraq Fund for Development, in the presence of the Minister of Finance, and the Ministers of Planning, Construction, Housing, Municipalities, and Public Works.

The meeting discussed, according to a statement by Al-Sudani’s office, a copy of which {Al-Furat News} received, “in the projects placed on the Fund’s work plan, the introduction of foreign investments into the Iraqi economy, and within the course of work of the Fund’s projects and targeting the localization of various industries in Iraq, requests submitted by private sector entities were discussed for the purpose of Construction of school buildings, as requests exceeded what was offered for the project in its first phase.”

He added, "The meeting also discussed a project to establish a factory for manufacturing passenger buses, in partnership with one of the specialized international companies, and also discussed a request to establish a factory for electronic tablet computers and use them in schools within the educational and pedagogical process."

The statement indicated that "the meeting discussed the issue of partnerships with American, British and Saudi companies in the fields of modern irrigation technologies and the use of technology in this context, as well as in the field of liquefying industrial gases and lighting roads and bridges."

The meeting also witnessed setting dates for launching the “Rent and Own” project, for the purpose of contributing to developing practical and economic solutions to the housing crisis. LINK

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

Clare:  Planning discusses with the World Bank ways to enhance cooperation and finance the Development Road Project

5/20/2024

Today, Monday, the Ministry of Planning held a meeting with representatives of the World Bank to enhance cooperation and activate partnership in various fields, including the emergency loan and finding financing for the development road project.

The Ministry of Planning stated in a statement, “The meeting, which was chaired by the Undersecretary for Technical Affairs, Maher Hammad Johan, witnessed a discussion of the restructuring of the Social Fund for Development loan and the mechanism for extending it, as well as a discussion of government reform paths, priorities, and government directions in this regard, which included a number of axes, including economic and financial reform, “Restructuring the banking sector and reforming institutions in general.”

She added: “The meeting also discussed the axes of the five-year national development plan for the years (2024-2028), focusing on a number of its main axes and the mechanism of cooperation and coordination with the World Bank in order to work on them to achieve comprehensive and equitable growth, as well as working to intensify efforts to improve performance.” Activating partnership in various fields, while continuing to provide support to the Iraqi government.”

The meeting also included discussing possible options for restructuring for the purpose of providing financing for the Development Road Project due to its importance to the Iraqi government and achieving its development goals, and working to find joint financing for it.

The meeting was attended by the Regional Director for the Middle East at the World Bank, Jean-Christophe, the Regional Director for Equitable Growth, Finance and Institutions for the Middle East and North Africa at the World Bank, Nader Muhammad and their accompanying delegation, the Director General of the Financial and Economic Policies Department, Sabah Jundi Mansour, and a number of employees of the relevant departments in the Ministry. LINK

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

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

Militia Man  The budget doesn't work at 1300 to 1 or 1310 or even 1320.  It's doesn't work at 1160 for crying out loud let alone 1460.  Why is it going to work today?  It's not.

Pimpy   Article: "Floating the Iraqi dinar.  A solution to fill a 'gap' whose volatile price against the dollar"  If the Iraq dinar floats and for whatever reason a lot of people start investing into the currency and it drives the exchange rate up, if it gets anywhere near $0.25 and higher for me, I'm out of there!  Seriously, I will sell my currency...The cool thing about this is there's no talk about a redenomination.  So are they actually going to float this currency with the zeros on there and take the risk that sucker is going to jump up really high in the exchange rate?  ...Keep an eye on that sucker, watch the exchange rate, if it gets anywhere near where you want to sell it, then jump all over it.  I wouldn't procrastinate or gamble with it.

BRICS to Open a Central Bank Iraqs Relationship to BRICS Exchange Rate Up

Edu Matrix:  5-20-2024

BRICS to Open a Central Bank Iraq's Relationship to BRICS Exchange Rate Up

There is no doubt BRICS would like for a country like Iraq to join.

Iraq is not only US dollars rich, but also oil rich. A BRICS Central Bank changes the global line-up.

https://www.youtube.com/watch?v=5zI7BSOGUK0

We Have A BIG Problem. MARKET RISK IS RISING. Will The Fed Take Action? IMPORTANT UPDATES.

Greg Mannarino:  5-20-2024

https://www.youtube.com/watch?v=qizAl1luNAw

Goldilocks' Comments and Global Economic News Monday Evening 5-20-24

Goldilocks' Comments and Global Economic News Monday Evening 5-20-24

Good Evening Dinar Recaps,

"Geopolitical Tensions Continue to Shape Global Trade"

The BRICS Nations is and will continue to grow. The next economy will be determined by the price of gold, and not, the dollar. Many countries are leaving the dollar and trading in their own local currencies. To join the BRICS Nations, you have to own gold to support your country's currency. And then, you can be trading partners inside the BRICS Nations.

Saudi Arabia is expected to join this time around. They are expected to join in August of 2024. This shift from the Petro dollar to a Petro Yuan is expected to be a significant shift in monetary flow. It will create a more balanced set of demands on local currencies in a way we have not seen in a long time.

These new demands are forming because of geopolitical tensions, but we would have eventually had to move this direction anyway. A Fiat monetary system just simply is not meant to last forever. We have been in a transitional economy since we moved off of the gold standard in 1973 under President Richard Nixon.

For the last 4 years, new alliances have been formed on the sea and on the land that will determine new trading routes and trading partners. These new bilateral agreements between countries will form new trading relationships and new demands on our local currencies.

This will shift our economies forming new business models that will determine prices on goods and services through supply and demand. Each country will be backed by gold and other commodities to level the playing field and opportunities going forward.

This is never been a 'push of the button' reset moment. Rather, it has been a gradual evolution into a new way of life determined by an inner desire by each country to experience a level of freedom through conscious choices that bring forth what is best in all of us.

It is a movement of the body, mind, and soul to restore a separation that was never meant to occur. As we return to our natural habitat, our lives will be forever changed by an event that calls on what is highest in us to live in the world as it is.

The G20 will meet late this year to discuss and work on countries that still need attention in the Global South. The focus of this meeting is to level the playing field in the Emerging Markets. No one is left behind on this global transition. Every effort is being made to include every country in the world on this new digital asset-based trading system.   CSIS   BIS   AP News

WATCH THE WATER.

© Goldilocks

~~~~~~~~~

The Bank of London launches GenAI assistant to aid enterprise API integration | Verdict

The Bank of London has launched an AI code assistant, and it is moving into mainstream banking. GenAI collects and interprets financial data on a large scale.

It helps banking managers make decisions for clients determining a good path forward for their money. It establishes portfolios designed to meet each customer's unique needs. And, it detects fraud and suspicious activities on people's accounts along with many other services.  

These products generated through an AI code goes into an Application Programming Interface (API). 

APIs are used to create an open structure that allows interaction between a bank's core services and third-party developers.

This allows banking services such as payments, identity verification, and data sharing to function.

© Goldilocks

~~~~~~~~~

Implementation Status & Results Iraq - Iraq: Banking Sector Reform  

READ Pdf HERE

P1133370ISR0Di012201101318434831701.pdf

Mr. Ali Mohsen Al-Alaq recently met with the World Bank to discuss the next steps in the restructuring of Iraqi Banks into the new digital economy.

They have completed Phase 1 of their restructuring process, and now, they're moving into Phase 2. Phase 2 is the implementation stage of the Riyada Bank project.

Currently, the Central Bank of Iraq is licensing a number of digital banks.

© Goldilocks

~~~~~~~~~

Real-time Analytics News for the Week Ending May 18 | RTinsights

~~~~~~~~~

 Food for Others- Inspiring.MP4

 WATCH & LISTEN HERE

This is how life is supposed to be just so everyone knows..

Lots of love, lots of selfless giving that goes all the way around until it becomes a free energy engine of love. 

👆  Goldilocks pointed to this article

👆 a project idea...

~~~~~~~~~

World Bank becomes first international issuer of digital Swiss franc bonds | Global Capital

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Ripple’s Global Payment Initiative in Collaboration with US Faster Payments Council | CoinPedia

According to the report, Ripple is positioning global payments as a top priority, aiming to revolutionize the industry. The survey, conducted in partnership with the FPC, delves into current and future adoption trends of blockchain payment systems, shedding light on the present scenario and what lies ahead.

Ripple’s CEO, Brad Garlinghouse, emphasizes, “[Blockchain will drive] faster payments between businesses, reducing settlement windows, and ensuring close-to-real-time payments for all bookings.”

Quoting from the report, Ripple emphasizes the real value that blockchain in payments unlocks. An impressive 77% of respondents believe that using blockchain for payments is either “Very Beneficial” or “Somewhat Beneficial” for their organizations’ end customers. Additionally, over 60% share the same sentiment regarding customers using cryptocurrency for payments.

~~~~~~~~~

New Era of Inclusive Digital Payments Unveiled by NPCI |  Smartphone Magazine

~~~~~~~~~

Keep your eyes on Digital Ledger Technology. Once this is regulated, instant payments become possible. (T+0 instant settlements) This will effect prices on tokenized assets and stablecoins.

This year, the movement of money itself will create a higher demand in the faster payment sectors of our Market. These new demands create price pressures.

© Goldilocks

~~~~~~~~~

IBC to Ethereum: Building the interconnected Internet of Blockchains | CryptoSlate

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From the Goldilocks Q&A room

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What Is Apple Doing in AI? Summaries, Cloud and On-Device LLMs, OpenAI Deal - Bloomberg

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$1800 Stimulus Checks 2024 for Everyone: USD 1,800 Payment Status & Know Eligibility | Paymentweek

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Analyze This! Foreign Currency Liberalization | IMF Videos

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Stellar Network Adds Smart Contract Capabilities Bolstered by Extensive Onramp Network - The Defiant

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Goodbye to charging cars forever: the diamond battery that lasts 28,000 years and has an incalculable |  ECO News

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KRG shares first list of Know Your Customer (KYC) data with the Trade Bank of Iraq (TBI) | Search4Dinar

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VND Update: U.S. Trade Upgrade Promises Stronger Exchange Rate

VND Update: U.S. Trade Upgrade Promises Stronger Exchange Rate

On May 18, 2024
By Awake-In-3D

New Market Economy Status Could Transform Economic and Trade Relations

In This Article:

1. Overview of the U.S. Department of Commerce Review

2. Advocates’ Arguments for Vietnam’s Market Economy Status

3. Concerns from U.S. Industries

4. Broader Economic and Geopolitical Implications

The United States is considering a significant economic move for upgrading Vietnam from a non-market economy (NME) to a market economy.

This change seeks to end high anti-dumping and countervailing duties on Vietnamese imports, while boosting Vietnam’s economy and its struggling VND currency exchange rate with the US Dollar.

Overview of the U.S. Department of Commerce Review

The U.S. Department of Commerce is set to complete its review of Vietnam’s economic status by late July 2024.

Currently, Vietnam is among 12 countries designated as NMEs, subjecting its goods to higher duties. Proponents argue that Vietnam has made substantial progress in currency convertibility, labor rights, and openness to foreign investment, qualifying it for an upgrade.

Advocates’ Arguments for Vietnam’s Market Economy Status

Vietnam’s Ministry of Industry and Trade (MOIT) and other proponents highlight several key improvements.

They point to enhanced currency convertibility, improved labor rights, and increased openness to foreign investments.

Major investors such as Samsung, Intel, and Nike have significantly contributed to Vietnam’s economic landscape, demonstrating confidence in its market reforms.

Concerns from U.S. Industries

Opponents, including U.S. steelmakers and agricultural groups like the Southern Shrimp Alliance, express concerns about potential negative impacts on American industries.

They argue that ongoing state intervention and unfair trade practices in Vietnam could harm U.S. businesses.

The decision also faces scrutiny from U.S. domestic politics, particularly in swing states like Pennsylvania, where the impact on local industries is a critical consideration.

Broader Economic and Geopolitical Implications

Changing Vietnam’s status holds broader implications beyond trade.

Economically, it would strengthen the VND and enhance Vietnam’s position in the global market. Geopolitically, it could counterbalance China’s influence in the region, fostering closer U.S.-Vietnam economic relations.

The potential upgrade also reflects Vietnam’s infrastructural and business reforms, offering growth prospects for U.S. firms and increasing foreign direct investment, which rose to $3.5 billion in 2022.

The Bottom Line

The potential upgrade of Vietnam’s economic status by the U.S. Department of Commerce could significantly impact trade relations and strengthen the Vietnamese dong.

The decision, expected by late July 2024, will play a crucial role in shaping the future of U.S.-Vietnam economic and geopolitical dynamics.

Supporting article: Vietnam Briefing MAY 9th 2024

© 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/vnd-update-u-s-trade-upgrade-promises-stronger-exchange-rate/

How Gold Could RV To $27,374 Against The Fiat Dollar: Awake-In-3D

How Gold Could RV To $27,374 Against The Fiat Dollar

On May 19, 2024   By Awake-In-3D

Understanding the Revaluation of Gold in the Face of Fiat Currency Debt Implosion and Gold-Backing the US Dollar

In This Article:

• Gold’s Path to $27,000

• The Underlying Analysis: Why Gold Could Surge

• Historical Precedents and Lessons

• The Supply and Demand Dynamics

• Doing the Math

The intrinsic value of gold is set to revalue significantly against the fiat currency system, particularly the US Dollar.

As global economic uncertainties rise, gold’s stability offers the only safe haven.

Here’s why one globally recognized financial expert believes that gold would exceed $27,000 per ounce in the near future.

Gold’s Path to $27,000

A rather straight forward and simple analysis now indicates that gold might surpass $27,000.

This forecast isn’t speculative but grounded in historical data and economic models.

While no forecast guarantees certainty, the tools and methodologies applied here have proven accurate across various contexts.

The Underlying Analysis: Why Gold Could Surge

The analysis starts with a crucial question: What’s the implied non-deflationary price of gold under a new gold standard?

Central bankers currently control fiat currencies and have little interest in a gold standard. However, should confidence in fiat currencies collapse due to factors like excessive money creation, Bitcoin competition, or a new financial crisis, a return to gold will become necessary.

Under such a scenario, determining the proper price for gold becomes essential to maintain economic equilibrium.

Historical Precedents and Lessons

Historical events provide valuable lessons. The UK’s return to the gold standard at an unrealistic price in 1925 led to an early entry into the Great Depression.

Conversely, the US devalued the dollar against gold in 1933, spurring commodity price rises and aiding economic recovery.

The key policy goal is to find the “just right” price to balance gold and dollars, something the US is well-positioned to achieve with its substantial gold reserves.

The Supply and Demand Dynamics

The supply side of gold shows a significant decline in new mining output.

Despite rising gold prices, US mine production has decreased by 28% over seven years.

This trend suggests that while output could potentially expand, current conditions support higher prices.

On the demand side, central banks, ETFs, hedge funds, and individual purchases drive demand. Notably, central bank gold demand has surged by 1,000% from 2010 to 2022, with no signs of slowing down in 2024.

This scenario of flat supply and rising demand supports the forecast of higher gold prices.

The Bottom Line

The revaluation of gold against the US Dollar is not just a possibility but a plausible outcome based on rigorous analysis.

As economic conditions fluctuate and confidence in fiat currencies potentially wanes, gold stands to gain significantly.

The recent discussion that BRICS is creating a new currency based on 40% gold-backing, the math for the same gold-backing of the US Dollar.

Doing the math for gold reaching $27,374 per ounce

1. Current M1 Money Supply: The U.S. M1 money supply today is $17.9 trillion.

2. Gold Backing Ratio: Assume a 40% gold backing for the money supply (historical precedent from 1913–1946).

3. Gold Required for 40% Coverage: Calculate 40% of $17.9 trillion, which equals $7.16 trillion.

4. Total U.S. Gold Reserves: The U.S. Treasury holds 261.5 million troy ounces of gold.

5. Implied Gold Price Calculation: Divide the required gold value by the total gold reserves: $7.16 trillion divided by 261.5 million troy ounces equals approximately $27,374 per troy ounce.

Thus, based on these calculations, the implied non-deflationary equilibrium price of gold under a new gold standard could exceed $27,000 per ounce.

Supporting article: https://dailyreckoning.com/27000-gold/

© 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/how-gold-could-rv-to-27374-against-the-fiat-dollar/