Goldilocks' Comments and Global Economic News Tuesday Evening 5-28-24
Good Evening Dinar Recaps,
"Wall Street Moves to Fastest Settlement of Trades in a Century" T
oday, Wall Street moves to T+1 settlement times. This will minimize risks taken in the market when it comes to ensuring enough money secured on both sides of a trade.
I am aware that many people are calling for a crash in the market this week, but it probably will have more to do with moving from T+2 settlements to T+1 settlements this week.
Some of the trades from Friday will get caught in T+2 settlements until all trades are cleared this week. Also, BuyBacks are coming back into play. This has not been done since the early 2000s.
Look for many companies and the Governments to buyback some of their bonds. Buying back bonds at a discounted price will support the market and give companies the opportunity to buyback some of their own shares.
Goldilocks' Comments and Global Economic News Tuesday Evening 5-28-24
Good Evening Dinar Recaps,
"Wall Street Moves to Fastest Settlement of Trades in a Century"
Today, Wall Street moves to T+1 settlement times. This will minimize risks taken in the market when it comes to ensuring enough money secured on both sides of a trade.
I am aware that many people are calling for a crash in the market this week, but it probably will have more to do with moving from T+2 settlements to T+1 settlements this week.
Some of the trades from Friday will get caught in T+2 settlements until all trades are cleared this week.
Also, BuyBacks are coming back into play. This has not been done since the early 2000s. Look for many companies and the Governments to buyback some of their bonds.
Buying back bonds at a discounted price will support the market and give companies the opportunity to buyback some of their own shares.
A buyback in bonds will increase liquidity allowing a company to own more of their shares at a discounted price during volatile moments. It increases the company's ownership of the shares they repurchase bringing in more profits to the company.
This creates a higher share price on the markets allowing more dividend opportunities for those who own the shares and profits for the company.
Going to a T+1 settlement process will give companies the opportunity to execute new plans for their company with this new money that will be coming in for their use. Finance Yahoo Bloomberg
© Goldilocks
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Don't look for this T+1 settlement to last very long. Many countries have already gone to T+0 settlements.
Those with instant settlement payment systems will have an advantage until everyone catches up.
This is all part of the process in moving to the QFS. The QFS is an electronic system that will allow instant payments to take place. This is the goal.
© Goldilocks
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Digital Vs Electronic Records Management Explained | Armstrong Archives
When we move from T+1 settlements to T+0 settlements across the Nations, the shift into the QFS will become possible.
Why?
The only way to do that is through a digital process moving away from wire payment processing services (ACH) for good.
© Goldilocks
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Digital Payments - Worldwide | Statista Market Forecast
Digital processing will be able to utilize many Networks in the future to process a payment.
Digital Networks that run on the QFS will provide many choices in payment sources going forward.
© Goldilocks
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Hong Kong's Currency Market Announcement | HKEX
"The “FIC Advisory Panel” chaired by HKEX Co-Head of Markets Glenda So, will advise the exchange on its FIC strategy and facilitate the introduction of new FIC products and services, further developing the FIC market and supporting Hong Kong's position as an international financial centre."
The FIC Advisory Panel has come in to help in the transition of the new digital economy regarding the Currency Market and fixed-income businesses.
The FIC is expected to expand their Currency Market internationally.
© Goldilocks
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Once Iraq's digital banks are licensed and good to go, their currency will be licensed as well.
© Goldilocks
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Iraq 7 Factors to Increase Iraq's Currency- Iraqi News | Youtube
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US Ambassador to Iraq Alina Romanowski commended Iraq for its official ratification of an electronic payment system at the end of April. | Shafaq News
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"The implementation of electronic procedures by the Central Bank of Iraq under the supervision of the US Treasury Department had a clear impact on economic growth as well as on the decline in the value of the dollar against the Iraqi dinar." | Shafaq News
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International Monetary Fund mission for the current year 2024 for Article Four consultations praised the Iraqi government’s measures, including the monetary policy led by the Central Bank of Iraq.
The report indicated that the Central Bank of Iraq has taken several measures aimed at stabilizing the national currency and controlling monetary inflation.
Adding that the Central Bank raised the interest rate on monetary policy tools from 4% to 7.5% and increased the mandatory reserve requirements for banks from 15% to 18%, and these steps were decisive in reducing the inflationary pressures that Iraq suffered from, and this contributed to creating an economic environment. More stable.
The report emphasized that important reforms in the banking sector, such as the gradual increase in bank capital and mergers between small banks, aim to strengthen the banking sector and increase its efficiency and flexibility in the face of economic shocks.
The report noted that Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, as well as the role of the Central Bank of Iraq in expanding relations. Correspondent banking, to facilitate smoother international trade financing operations.
Central Bank of Iraq
Information Office
May 27, 2024
https://cbi.iq/news/view/2592
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The Iraqi banking system may soon receive banks of another type called (digital banks). What are these banks and will the citizen, the banking system, and the Iraqi economy benefit from them? Files that the beneficiary of the banking sector services in Iraq is trying to ask. | Economy News
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Financial Services Providers Highlight Opportunities in Cloud-Native Banking | Pymnts
The modernization of back-end systems represents an ongoing challenge for banks, especially as they seek to introduce new digital-first services.
The options used to be stark: Rip and replace, or get the most mileage of the legacy systems already in place.
In recent years we’ve seen the continued emergence of cloud-core banking systems used in the service of conducting daily banking activities, while future-proofing financial institutions for the changes to come — through API connectivity — particularly in instant payments.
Private and public cloud setups (not hosted on the premise of the companies themselves) connect financial services companies with providers and applications that handle everything from payments processing to reporting to compliance. Tied to all those functions are cloud ledgers, which record the transactions themselves automatically.
The shift to the cloud is especially timely, given the rise of embedded payments and embedded lending. Those two trends, along with virtual card issuance, can create new revenue streams for digitally minded enterprises.
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Stablecoins and Economic Stability: A Balancing Act - Daijiworld
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A flood of cheap Chinese exports is putting the entire global economy at risk, France’s finance minister warns | Fortune
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MoMo, VNPAY, and ZaloPay Enable QR Payments for Visa Cardholders in Vietnam - Fintech Singapore
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What the SEC's Pivot To Approve Spot Ether ETFs Means | Investopedia
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SWIFT |Swift
Register now to explore the transformative journey that ISO 20022 offers for the future of payment systems around the world.
Swift’s Tom Dunbar will be joined by Mel Gauci from the Australian Payments Network, and Christine Orina from the Central Bank of Kenya, to discuss market standards for ISO 20022, and how these will bolster financial stability and spur innovation.
Join us to learn more about this exciting topic!
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More News, Rumors and Opinions Tuesday PM 5-28-2024
TNT:
CandyKisses: US ambassador receives ‘fantastic news’: Iraq will see economic growth and a modern financial system
Baghdad - Mil
The US ambassador in Baghdad, Alina Romanowski, on Tuesday expressed her admiration for "great news" from Iraq, expecting economic growth supported by a modern financial system in the country.
“Great news!” Romanowski said in a post on the X platform, “Great news! Iraq officially ratified the electronic payment system on April 29.”
“This step will pave the way for a modern financial system and economic growth,” Romanowski added.
https://miliq.news/political/30778
TNT:
CandyKisses: US ambassador receives ‘fantastic news’: Iraq will see economic growth and a modern financial system
Baghdad - Mil
The US ambassador in Baghdad, Alina Romanowski, on Tuesday expressed her admiration for "great news" from Iraq, expecting economic growth supported by a modern financial system in the country.
“Great news!” Romanowski said in a post on the X platform, “Great news! Iraq officially ratified the electronic payment system on April 29.”
“This step will pave the way for a modern financial system and economic growth,” Romanowski added.
https://miliq.news/political/30778
Tishwash: This was in Iraq's news
American banks are abandoning their branches and turning to online services.. What is behind this?
The American newspaper, The Wall Street Journal, shed light on the plans of banks in the United States to abandon branches and move towards enhancing online banking services.
The newspaper revealed that major banks in the United States began closing branches in large numbers, as S&P Global indicated that about 2,454 bank branches were closed during the past year.
As of December 2023, the number of bank branches in the United States has shrunk by more than a fifth compared to 2009.
According to the newspaper, about 400 bank branches will be closed in 2024, including branches of Bank of America, JP Morgan Chase, US, Capital One, PNC, Wells Fargo, and TD.
Wells Fargo Bank topped the list of banks with at least 88 branch closures since the beginning of the year, according to the Office of the Comptroller of the Currency, which oversees US national banks.
What's behind it?
“High interest rates have contributed to a decline in bank profits, which could mean that more Americans may see their nearest bank branch close its doors,” says Nathan Stovall, head of financial institutions research at S&P Global.
He added to the newspaper: “Banks have realized that their physical footprint does not need to be as large today. As revenue pressures continue, banks are likely to continue to reduce branch networks.”
Experts believe, according to the Wall Street Journal, that banks are offering more online services at low fees, as well as improving digital banking applications, which are often faster and easier to conduct most transactions via mobile phone.
“The list of services that can be performed in bank branches is shrinking,” says Jim Perry, a senior strategist at Market Insights.
While online banking offers many benefits, there are people who do not consider getting rid of branches logical, such as some small business owners, according to the newspaper.
That's why financial consultant Chuck Failla says, "It's better for a neighborhood restaurant owner to bring his money to the bank at the end of the day than to pay an armored car service to come pick it up."
He adds that people who frequently need to exchange foreign currencies may also want to retain the option of being physically present at branches. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "March 11, 2024 Iraq government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 instead of 1,320 dinar. Implementing such a decision is likely to significanly increase Al-Sucani's popularity." Drop the mic. That's huge. It's phenomenal...That's still on the table.
PompeyPeter It [the increased and large 2024 budget and deficit] clearly tells us they got to change the exchange rate from 1310 and they have to have an international rate...All of this enormous infrastructure and development and world connectivity that we see in front of us...
Iraq 7 Factors to Increase Iraq's Currency- Iraqi News
Edu Matrix: 5-28-2024
Iraq 7 Factors to Increase Iraq's Currency Iraqi News Update - Parliament Committee Finds Issues in 2024 Budget - Iran's Status on the Development Road Project - Iraqi PM Takes Call from UN Secretary-General
Navigating Economic Cycles: Gold & Silver's Role in the Chaos Ahead
VRC Media: 5-28-2024
Egon von Greyerz and Matthew Piepenburg believe that gold and silver's role as money will come to the forefront as the current economic, political, and war cycles play themselves out in a tragic implosion of reckless debt and absurd government policies.
The duo discuss why the US dollar endgame is already upon us, the self-serving nature of governments, the tide turning when it comes to institutional gold allocation, and much more.
Ariel: What does the parallel rate reaching parity with the official price set by the CBI mean?
Ariel: What does the parallel rate reaching parity with the official price set by the CBI mean?
The reason you all have not seen a reinstatement of the IQD on the Forex Market is because the black market rate was artificially suppressing the value of the national currency due to the speculation in that area. This means in the parallel market, the exchange rate for the IQD against the USD is often higher than the official rate set by the central bank.
This discrepancy is driven by supply and demand dynamics, where limited access to foreign currency through official channels forces businesses and individuals to seek dollars in the parallel market at a premium. Now that there is basically only one set price across the board.
No one is going to have enough incentive in any market to resort to using the rate in the black market due to the lack of currency in the local Iraqi markets. Now businesses can actually be more transparent. More secure. And more reliable to not only the local market but the international market as well.
Ariel: What does the parallel rate reaching parity with the official price set by the CBI mean?
The reason you all have not seen a reinstatement of the IQD on the Forex Market is because the black market rate was artificially suppressing the value of the national currency due to the speculation in that area. This means in the parallel market, the exchange rate for the IQD against the USD is often higher than the official rate set by the central bank.
This discrepancy is driven by supply and demand dynamics, where limited access to foreign currency through official channels forces businesses and individuals to seek dollars in the parallel market at a premium. Now that there is basically only one set price across the board.
No one is going to have enough incentive in any market to resort to using the rate in the black market due to the lack of currency in the local Iraqi markets. Now businesses can actually be more transparent. More secure. And more reliable to not only the local market but the international market as well.
This will give confidence in businesses across the world to do business with Iraq. Which of course by default will increase investment in their country. Thus giving the Iraqi Dinar more value as time goes on making it a premier country to do business with on every level. Traders in the parallel market were hoarding foreign currency, anticipating further depreciation of the IQD.
This speculative activity was exacerbating the disparity between the parallel and official rates. But now this has come to an end. And now the citizens will have more of a reason to stop hoarding currency and bring it to the banks so the new currency can be issued. Which of course will need an exchange rate to accompany the new buying power that will come with the volume of new currency needed in order to maintain and eventually move past the current rate due to all the new business contracts
This is like a cosmic alignment that took place that was centuries in the making. You have no idea how close we are to now seeing the new exchange rate. This was the very thing that caused such a long wait. Now that it is a foregone conclusion. Many of the projects that were stalled in Iraq can move forward. Which makes the approval of the budget more exciting than ever before since anyone has been in this investment.
But another notable thing to this equation is the fact that America is now a Tier+1/Tier-0 country. Which means the international transactions speed of trade on a international and local level will be instantaneous. The timing of this couldn’t have been more perfect.
“On February 15, 2023, the Securities and Exchange Commission adopted rule amendments to shorten the standard settlement cycle for most broker-dealer transactions from “T+2” to “T+1,” subject to certain exceptions.
The compliance date for the rule amendments is May 28, 2024, at which point the standard settlement cycle will be T+1.
The SEC’s Office of Investor Education and Advocacy (OIEA) is issuing this Investor Bulletin to explain the new “T+1” settlement cycle and how it will affect certain transactions you place with your brokerage firm.”
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Jansen F: Even Grok knows it’s coming:
Ariel: I see Grok is rounding this thing off for us. The Iraqi budget is supported by 70 tons of gold. So I think they have this covered to whatever degrees is sufficient for them by those numbers.
“Tidbits From TNT” Tuesday 5-28-2024
TNT:
Tishwash: Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate
Member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed today, Monday, that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.
Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”
He added, "The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations."
He explained, "If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar." link
TNT:
Tishwash: Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate
Member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed today, Monday, that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.
Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”
He added, "The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations."
He explained, "If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar." link
VictorD: IMO, they can release all the paper currency they want, at any rate they want, it will not effect the currency value, just like the article states because it is controlled by the CBI. What effects the currency value is what the CBI sets it to or if it floats, the float value. Once the currency floats, it's a whole different ball game.
Tishwash: Adviser to the Prime Minister: Iraq's position in the World Summit Forum was prominent
The media advisor to the Prime Minister, Hisham Al-Rikabi, confirmed that Iraq’s position in the World Summit on the Information Society Forum was prominent.
Al-Rikabi said, in his blog post on the (X) platform, followed by the Iraqi News Agency (INA): “Iraq’s position at the World Summit on the Information Society Forum held in Geneva was prominent through the speech of the Minister of Communications, Hiam Al-Yasiri.”
Al-Rikabi added, “The participation of the Communications and Media Commission delegation in the forum came to emphasize the integrity of purposeful content, confront hacking, spread inflammatory content, and preserve the moral system of societies.” link
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CandyKisses: Al-Atwani: Employees' salaries, appointments and contracts are secured in the budget
Baghdad (NINA) - The head of the Finance Committee, Atwan Al-Atwani, announced that the salaries of employees, appointments and contracts are secured in the budget.
Al-Atwani's media office said in a statement that "the Chairman of the Finance Committee chaired the expanded meeting of the Parliamentary Finance Committee, to discuss the 2024 budget tables, in the presence of Deputy Prime Minister and Minister of Planning Mohamed Tamim, Minister of Finance Taif Sami and a number of advisers to the Prime Minister."
He added: "The meeting discussed the tables and data of the 2024 budget, the philosophy of building this budget, and the mechanisms for determining financial allocations, both with regard to reducing investment expenditures and the significant increase in current expenditures, and also discussed a number of important topics, including financial allocations to the governorates, spending policy, the mechanism for disbursing amounts, ways to fill the budget deficit and how to increase non-oil revenues, as well as the file of ensuring the sustainability of financing continuous projects."
According to the statement, Al-Atwani stressed "the keenness of his committee to discuss and analyze the data of the 2024 budget tables in order to secure the requirements for implementing the government program and other governing entitlements, noting that the diagnosis of the defect in the construction of the budget does not target anyone, but rather aims to improve performance."
He continued: "The salaries of employees are fully secured during 2024, and it was agreed to rotate the allocations of the governorates that were not spent last year to 2024 after securing the allocations of the Food Security Law in the spending units."
He noted that "the Ministry of Finance has been committed to completing the financing of the governorates' allocations for the year 2023," noting that "the allocations of appointments and contracts in the 2023 budget are legally secured, and these paragraphs will be implemented during 202."
He stressed that "the law to increase the salary of full-time appointees will be applied during the new fiscal year 2025."
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Tishwash: Expert: The Iraqi economy is witnessing remarkable growth, which was contributed to the decline in the dollar exchange rate
Economist Jabbar Goran revealed on Tuesday the high rate of economic growth in the country and that the Iraqi financial system is linked to the global banking system.
The economic expert and spokesman for the currency market in Sulaymaniyah, Jabbar Gorran, said in a statement to Shafaq News Agency: "The economic and financial situation of Iraq is developing and growing significantly, and now we are witnessing an increase in the country's economic growth by 2%, and this is a good thing for the Iraqi economy compared to previous years."
He added, "The implementation of electronic procedures by the Central Bank of Iraq under the supervision of the US Treasury Department had a clear impact on economic growth as well as on the decline in the value of the dollar against the Iraqi dinar."
He stated that "the monetary financial policy currently followed in the country has made the difference between the exchange rate of the dollar and the dinar shrink to the limits of ten thousand dinars, and this difference is considered normal for many reasons."
He pointed out that "the measures taken since the middle of last year have been implemented in a realistic manner, amounting to 30 financial measures, which had a positive impact on dealing in the Iraqi dinar instead of the dollar, when transactions in the Iraqi dinar in the country are now estimated at 90%, with the exception of the Kurdistan Region, and also paved the way for merchants to deal." Through external transfers directly through banks, 85% of local merchants can now deal with external transfers through banks to import materials from abroad.”
Kuran ruled out that the dollar exchange rate would be the same as the government exchange rate for administrative and financial reasons, indicating that the difference should remain this way at around 10 thousand dinars between the dollar and dinar exchange rate. link
Mot: Finded the ""Latest RV Clock"" - I Dids!!! - Explains a Lot - HUH !!!
Mot: . Say it --- Altogether Now!!!!
High Level Talks Indicate Vietnam Poised to Join BRICS: Great News for VND
High Level Talks Indicate Vietnam Poised to Join BRICS: Great News for VND
On May 26, 2024 By Awake-In-3D
Vietnam’s anticipated membership in BRICS+ highlights its growing global economic influence and benefits for the Vietnamese Dong (VND).
In This Article
Overview of Vietnam’s Economic Growth
Insights from the Recent High-Level Talks
Strategic Importance of BRICS+ Expansion
Future Prospects for Vietnam within BRICS+
Benefits to the VND from BRICS Membership
Vietnam’s potential membership in the BRICS+ alliance marks a significant milestone in its global economic status.
High Level Talks Indicate Vietnam Poised to Join BRICS: Great News for VND
On May 26, 2024 By Awake-In-3D
Vietnam’s anticipated membership in BRICS+ highlights its growing global economic influence and benefits for the Vietnamese Dong (VND).
In This Article
Overview of Vietnam’s Economic Growth
Insights from the Recent High-Level Talks
Strategic Importance of BRICS+ Expansion
Future Prospects for Vietnam within BRICS+
Benefits to the VND from BRICS Membership
Vietnam’s potential membership in the BRICS+ alliance marks a significant milestone in its global economic status.
This development comes as the country continues to strengthen its economic ties with major global powers and emerges as a key player in the international arena.
Overview of Vietnam’s Economic Growth
Vietnam’s economy has been one of the fastest-growing in the world, characterized by robust GDP growth, increasing foreign direct investment, and expanding industrial sectors.
Its strategic location, coupled with a young and dynamic workforce, has attracted numerous multinational corporations seeking to diversify their supply chains. This economic boom positions Vietnam as a prime candidate for inclusion in influential global groups like BRICS+.
Insights from the Recent High-Level Talks
During a recent visit to Vietnam, Dr. YKOVLEV ARTEM ALEXANDROVICH, Director of the Center for Russian Strategy in Asia, engaged in discussions with the Vietnamese Prime Minister.
The talks focused on potential economic collaborations between Vietnam and the Russian Federation and explored the feasibility of expanding BRICS membership to include Vietnam.
Dr. Alexandrovich emphasized the resilience of the Russian economy despite extensive sanctions and highlighted the strategic partnerships Russia has forged with China and other Asian countries.
He noted that these alliances have been instrumental in sustaining economic growth and stability. The discussions underscored the mutual benefits that Vietnam’s inclusion in BRICS+ would bring, aligning with the shared objectives of fostering economic cooperation and development.
Strategic Importance of BRICS+ Expansion
BRICS represents a coalition of emerging economies with significant global influence. The proposed expansion under the BRICS+ model aims to include other rapidly growing economies, enhancing the group’s geopolitical and economic clout.
Vietnam’s inclusion would not only bolster its own economic ambitions but also contribute to the collective strength of BRICS+.
Dr. Alexandrovich highlighted that the expansion of BRICS is crucial for reshaping the global geopolitical and geo-economic landscape, promoting a multipolar world order.
When asked if Vietnam would be a good candidate to join BRICS, Dr. Alexandrovich replied, “Vietnam’s economic trajectory aligns well with the goals of BRICS+, making it a valuable addition to the alliance.”
This membership would open up new avenues for trade, investment, and technological collaboration, benefiting all member countries.
Future Prospects for Vietnam within BRICS+
As Vietnam prepares to join BRICS+, the country stands to gain significantly from increased access to markets, resources, and technology from other member nations.
Also read: Why the Vietnam Dong (VND) Will Likely RV First
This membership would accelerate Vietnam’s economic growth, enhance its global trade relations, and provide a platform for greater influence in international economic policies.
Furthermore, Vietnam’s participation in BRICS+ aligns with its long-term strategic goals of diversifying economic partnerships and reducing dependency on any single market. By joining forces with other emerging economies, Vietnam can strengthen its position in global value chains and contribute to shaping the future of international economic governance.
Key Benefits to the VND from BRICS Membership
Today, the expanded BRICS+ nations collectively represent over 40% of the world’s population and around 25% of global GDP.
Stabilized Exchange Rate: As part of BRICS+, Vietnam could benefit from a more stable Vietnamese Dong (VND). The economic collaboration within the bloc, including trade settlements in local currencies, could reduce Vietnam’s reliance on the US dollar, leading to less volatility in the VND exchange rate.
Stronger Financial Support: Vietnam would have access to financial resources from the BRICS New Development Bank (NDB). This can help support infrastructure projects and other development initiatives without the stringent conditions often imposed by Western financial institutions. Enhanced financial stability and support can bolster investor confidence in the VND.
Enhanced Foreign Exchange Reserves: Trade within the BRICS+ framework can lead to increased foreign exchange reserves for Vietnam. As trade grows, so does the inflow of foreign currencies, which can help stabilize and strengthen the VND.
Increased Investment: Membership in BRICS+ can attract more foreign direct investment (FDI) into Vietnam. Investors often view membership in such influential groups as a sign of economic stability and growth potential. Increased FDI can further strengthen the economy and, consequently, the VND.
The Bottom Line
Vietnam’s anticipated entry into the BRICS+ alliance signals a pivotal moment in its economic evolution.
The country’s impressive growth, strategic partnerships, and alignment with BRICS+ objectives position it as a key player in this expanding coalition.
As BRICS+ continues to shape the global economic landscape, Vietnam’s membership promises to bring mutual benefits, drive collective prosperity for all member nations, and enhance the stability and strength of the Vietnamese Dong.
Contributing article: https://dttc.sggp.org.vn/advantages-of-vietnams-involvement-in-brics-post113437.html
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Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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https://ai3d.blog/high-level-talks-indicate-vietnam-poised-to-join-brics-great-news-for-vnd/
News, Rumors and Opinions Tuesday AM 5-28-2024
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. 28 May 2024
Compiled Tues. 28 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
Judy Note: It appeared from all the below conflicting reports that Tier4b (Us, the Internet Group) could get notification to set appointments anywhere from right now to July 4. Personally, I am looking for the EBS to set off notification announcements.
The Treasury Department, Military, and Wells Fargo Bank were coordinating this up- coming event of undervalued currencies, such as the Iraqi Dinar (IQD) and the Vietnam Dong (VND), being revalued and exchanged, as well as the ZWL (Zimbabwe Dollar) denoted bearer bonds being redeemed.
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. 28 May 2024
Compiled Tues. 28 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors)
Judy Note: It appeared from all the below conflicting reports that Tier4b (Us, the Internet Group) could get notification to set appointments anywhere from right now to July 4. Personally, I am looking for the EBS to set off notification announcements.
The Treasury Department, Military, and Wells Fargo Bank were coordinating this up- coming event of undervalued currencies, such as the Iraqi Dinar (IQD) and the Vietnam Dong (VND), being revalued and exchanged, as well as the ZWL (Zimbabwe Dollar) denoted bearer bonds being redeemed.
You may have heard about the Global Currency Reset (GCR) and RV (revaluation of currencies) as opposed to the cabal’s Great Reset where they pushed their fraudulent Central Bank Digital Currency (CBDC) that has nothing to back it. Their game was now known, and no longer possible, in favor of the BRICS consortium of nations with asset backed currencies.
Mon. 27 May 2024 Wolverine Breaking News: QFS Funded Token Contracts Launched! How your QFS accounts linked to DNA signatures are accounted for! Full disclosure under GESARA! The Quantum Financial System (QFS) heralds a new era in global finance, marking a fundamental shift from the outdated and corruption-prone systems that have long plagued our economic structures. As we stand on the cusp of this revolutionary change, it is crucial to recognize and support the immense benefits that QFS brings, ensuring a more stable, secure and equitable financial future for all. https://gazeteller.com/breaking-news-qfs-funded-token-contracts-roll-out-how-your-dna-signature-linked-qfs-accounts-full-disclosure-under-gesara/
Sun. 26 May 2024: Wolverine : As I said before T1 and T2 are already finished. It is a process which should be finished by June 15th. We should get good news this week. I have had confirmation that Brazil will start this week from the Central Bank of Brazil. Thurs. 6 June is D Day.”
Mon. 27 May 2024 MarkZ: “I had a great conversation with a person involved with historic bonds yesterday afternoon. We have a few that are expecting spendable dollars Tues. 28 May morning. They were told they would have gotten it today if the banking system was open. If what they say is accurate it could put us within days or a week or two at most of us processing and exchanging on the currency side of it.”
Sun. 26 May 2024 NC Chick: A banker from Brazil did a talk last week. He said Whales would be finished in a day or so and notifications have gone out to the Bond holders. He was amazed that T4B hadn’t been notified. Actually, it is the same person that tells Wolverine.
On Fri. 24 May TNT sent out a cryptic message that the 800#s were coming out for Tier4b (Us, the Internet Group) to set redemption appointments.
Thurs. 23 May 2024 Bruce felt it was likely that we won’t get the 800 numbers to make appointments until Tues. 28 May, and could begin exchanging on Wed. 29 May.
Anonymous Friend: Ginger, I was just informed (by a relative in the Middle East; Ginger is hiding the location for security) that there are 7,000 payers in Tier 3 who are being paid before Tier 4B distribution goes live. This will happen over the next 10 to 14 days. However, in the meantime the public will be prepared for many things, such as: gold-backed USN, debt forgiveness, increases in SSI, and other benefits. Also keep in mind that the absolute back wall is the 4th of July, so a lot has to happen quickly for us to reach our day of redemption.
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Global Financial Crisis:
Mon. 27 May 2024: Argentina’s Peso has plummeted to an all-time low against the U.S. Dollar on the Black Market (which is where Argentineans go to convert to USD).
Mon. 27 May 2024: The government of Maldives confirmed that BRICS members India and China have agreed to accept local currencies for imports and ditch the US dollar. https://watcher.guru/news/brics-india-china-agree-to-ditch-us-dollar-for-imports
Mon. 27 May 2024: Hong Kong is one of the few open market economies that we have. Vietnam is about to become one in July. There will be many more, and the changes in currency rates will be determined by these changes. …Goldilocks
Mon. 27 May 2024: Philadelphia-based Republic First Bank has been seized by regulators, says the FDIC. In a surprising turn of events, Philadelphia-based Republic First Bank has become the latest casualty in a string of bank failures that have shaken the financial sector since last spring. The bank, with $6 billion in assets, was seized by regulators due to challenges stemming from the current high-interest rate environment, marking it as the first bank failure of the year. This event has once again raised concerns about the stability of the banking sector and the potential impact on the global economy. …US Debt Clock on Telegram Mon. 27 May 2024
Read full post here: https://dinarchronicles.com/2024/05/28/restored-republic-via-a-gcr-update-as-of-may-28-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "What do you think the dinar will be floated at the start? IMO at the start of the float 1 to 1 you'll never see it. So just looking at 1320 causes me to think maybe they'll start at about $1.30 or $1.50. They could start even higher.
Militia Man In 2016 Gold was right around $1,500 bucks an once and today it's running $2,300 to $2,400 bucks an ounce. They increased that gold supply by about 40 tons...Their currency reserves are around $110 billion. They have a massive amount of wealth. They have the ability to support their imports for about 16 months they say, which is about 5x what they need. That's important. They don't want to reduce those. They'd like to keep them on hand...Iraq has a good foundation for Alaq to do what he's supposed to do and it'll only get better if he does.
Goldilocks' Comments and Global Economic News Monday Evening 5-27-24
Goldilocks' Comments and Global Economic News Monday Evening 5-27-24
Good Evening Dinar Recaps,
Cognitive Computing Market is Going to Boom | Microsoft, IBM, | OpenPR
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Russia and China insist on a new "multipolar" world order | Atalayar
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US Government Pays $514,000,000,000 in Interest on National Debt in Seven Months, Surpassing Defense and Medicare Costs: Report - The Daily Hodl
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OVHcloud Adds Qiskit To Market Leading Quantum Notebooks Portfolio | TheQuantumInsider
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Goldilocks' Comments and Global Economic News Monday Evening 5-27-24
Good Evening Dinar Recaps,
Cognitive Computing Market is Going to Boom | Microsoft, IBM, | OpenPR
~~~~~~~~~
Russia and China insist on a new "multipolar" world order | Atalayar
~~~~~~~~~
US Government Pays $514,000,000,000 in Interest on National Debt in Seven Months, Surpassing Defense and Medicare Costs: Report - The Daily Hodl
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OVHcloud Adds Qiskit To Market Leading Quantum Notebooks Portfolio | TheQuantumInsider
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China Sells $48,900,000,000 in US Treasuries in One Quarter, Analyst Says 'Clear Intention' To Dump US Dollar Holdings on Display - The Daily Hodl
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BRICS: China sold off US Treasury bonds worth 74 billion USD in 7 months | US 2024 | Aliteq
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US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense – News Bytes Bitcoin News
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Follow Goldilocks' Roadmap
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Francis Hunt: Death of Fiat Money Means Incredible Targets for Gold, Silver, & Copper
Francis Hunt: Death of Fiat Money Means Incredible Targets for Gold, Silver, & Copper
Palisades Gold Radio: 5-27-2024
In this episode of Palisades Gold Radio, Tom Bodrovics welcomes back Francis Hunt, also known as the Market Sniper, for a discussion on the importance of shared experiences, living deliberately beyond the financial world, and the upcoming gold and silver discussion focusing on preserving assets during monetary transition.
They emphasize the significance of understanding reality, accepting limitations, and building bonds for amplified experiences.
Francis discusses the current economic situation involving debt contraction and the seesaw analogy representing nation states' debt levels and currencies.
Japan's excessive debt is predicted to cause a currency collapse, leading to significant losses for various assets, including the 30-year treasury.
Francis Hunt: Death of Fiat Money Means Incredible Targets for Gold, Silver, & Copper
Palisades Gold Radio: 5-27-2024
In this episode of Palisades Gold Radio, Tom Bodrovics welcomes back Francis Hunt, also known as the Market Sniper, for a discussion on the importance of shared experiences, living deliberately beyond the financial world, and the upcoming gold and silver discussion focusing on preserving assets during monetary transition.
They emphasize the significance of understanding reality, accepting limitations, and building bonds for amplified experiences.
Francis discusses the current economic situation involving debt contraction and the seesaw analogy representing nation states' debt levels and currencies.
Japan's excessive debt is predicted to cause a currency collapse, leading to significant losses for various assets, including the 30-year treasury.
Time Stamp References:
0:00 – Introduction
9:55 - Analyze & Take Action
13:32 - Resilience & Emotions
17:07 - Debt/Fiat Contraction
19:56 - US 30Y Treasury
34:00 - Bond Rates & Control
36:05 - Gold/Dollar Chart
43:44 - 30Y Debt Reversion
46:37 - Shrinking Dollar Value
48:00 - Silver Levels & Support
53:30 - Gold/Silver Ratio
59:20 - Copper Chart
1:01:42 - Coffee Chart
1:03:48 - Gaps Down in Bull Runs
1:06:39 - UPS Parcel Chart
1:09:48 - Case For Platinum
1:19:22 - Wrap Up
Talking Points From This Episode
- Amidst economic instability, owning physical gold, silver, and land provides control over possessions and escapes debt-based systems.
- Platinum has underperformed since 2009 but could experience over performance due to historical trends and cross-valuation.
- Invest in commodities like gold, silver, and platinum while shorting debt and fiat currencies during stagflation.
More News, Rumors and Opinions Monday PM 5-27-2024
DJ: DID YOU KNOW?
I’ve been a proponent of watching for indicators of the developing mechanisms and solutions that would be required for the GCR to actually come to fruition. As opposed to speculation and wishful thinking commentary. One of the “spoke of ingredients” is the Quantum Financial System (QFS) and the ability to utilize quantum computing.
When you dive into it, a practical quantum computer, as of now, does not exist. It has been suggested, by all quantum researchers, that we are at least a decade away from achieving that goal.Yet in various recent breakthroughs that may not be so.
Qubits are the foundation of a quantum computer. They’re responsible for processing, transferring, and storing data. Effective qubits must reliably store and rapidly process information. This demands stable, swift interactions among a large number of qubits that external systems can accurately control.
DJ: DID YOU KNOW?
I’ve been a proponent of watching for indicators of the developing mechanisms and solutions that would be required for the GCR to actually come to fruition. As opposed to speculation and wishful thinking commentary. One of the “spoke of ingredients” is the Quantum Financial System (QFS) and the ability to utilize quantum computing.
When you dive into it, a practical quantum computer, as of now, does not exist. It has been suggested, by all quantum researchers, that we are at least a decade away from achieving that goal.Yet in various recent breakthroughs that may not be so.
Qubits are the foundation of a quantum computer. They’re responsible for processing, transferring, and storing data. Effective qubits must reliably store and rapidly process information. This demands stable, swift interactions among a large number of qubits that external systems can accurately control.
Today’s most advanced quantum computers possess only a few hundred qubits. This limits them to performing calculations that conventional computers are already capable of and can often do more efficiently. For quantum computing to advance, researchers must find a way to accommodate millions of qubits on a single chip.
While there has been an array of new developments with quantum engineering, the component needed most is the ability to create a chip that can hold millions of qubits in a single chip. The actual physical mechanism needed to utilize a qubit’s full potential. Recently researchers have developed a way, through AI, to make these chips and other components.
Think of it like this. You can ask an AI, verbally, to print an image of whatever you define. And they print you an image. Now you can ask an AI to make an object as you define it. Kinda like an advanced 3-D printer. You lay out the specifications of what you need, in a chip, and it can be made. Basically you can make a quantum computer piece by piece as you define what you need.
This is a massive breakthrough in the actual hardware needed to implement the QFS. Now all they have to do is come to a consensus as to what type of qubits they want to use. There are a lot of different types of qubits.
So if you want some positive indicators of the GCR look to the factual things needed.
The Central Banks have been buying and storing gold reserves at historical levels.
The quantum systems needed to distribute and monitor the funds have advanced further than expected by years.
Legislative actions have been introduced in congress. (H.R. 2435 in the 118th Congress).
Remember the three things that need to be in place for a country to participate in the GCR/RV/Redemption.
You must be sovereign, all debts must be settled and you must be at peace.
Think about it. If you were a country, good or bad, and had the opportunity to benefit from a financial windfall that could fix your country by signing an agreement that would give you sovereignty, eliminate your debt and end war. Would you do it?
DJ
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=240928
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Pimpy Iraq was already a member of the World Trade Organization. They are going through the ascension process for a second time. That's because all the rules, regulations, understandings and business practices...changed once the fall of Saddam Hussein. Now we have to make sure all their practices, rules and regulations regarding trade line up once again with the World Trade Organization. Iraq has been a member of the World Trade Organization since 2004. This is their second time throughout the ascension process...
Militia Man If they change the value of their currency they're going to have more surpluses...The oil price is about $70 in the 2023 budget. That hasn't changed for '24 or '25 because that's a tripartite budget. They got a surplus. Oil is somewhere around $80. It's been as high as $91ish. The expectations of oil is to be somewhere in the neighborhood of $80/$90 and they even talk about $100/barrel...Iraq is going to be sitting pretty good...They have phosphates...sulfur...natural gas...Those non-oil revenue streams...taxes and tariffs are going to come online...Iraq has a good foundation for Alaq to do what he's supposed to do.
Is BRICS the Secret Weapon to Dethrone the US Dollar? Discover the Bold Moves Ahead!
Satoshi Finance: 5-27-2024
In this video, we explore how BRICS—Brazil, Russia, India, China, and South Africa—plan to challenge the dominance of the US dollar.
Discover the strategic moves, such as the creation of the New Development Bank (NDB), local currency trade initiatives, and the potential establishment of a BRICS currency.
We'll delve into China's pivotal role, the possible impact on the global economy, and the challenges faced by BRICS.
Join us as we unpack the future scenarios and long-term implications of this ambitious endeavor.
BRICS Financial Forum Today: Is BRICS Currency?
BRICS Financial Forum Today: Is BRICS Currency?
Fastepo: 5-27-2024
The BRICS International Financial and Economic Forum (IFE Forum BRICS 2024), set to open on Monday in Moscow, will bring together approximately 700 guests from around the world, with tens of thousands participating online.
This event aims to foster discussion among ministers, diplomats, company executives, and experts on the creation of independent financial instruments within the BRICS framework and business development amid global transformations.
Key topics at the forum will include the development of new payment, settlement, and emission activities for BRICS countries.
The main goals are to facilitate the smooth entry of BRICS countries into new markets, boost mutual trade and investment, and strengthen ties among business circles, governments, and communities.
BRICS Financial Forum Today: Is BRICS Currency?
Fastepo: 5-27-2024
The BRICS International Financial and Economic Forum (IFE Forum BRICS 2024), set to open on Monday in Moscow, will bring together approximately 700 guests from around the world, with tens of thousands participating online.
This event aims to foster discussion among ministers, diplomats, company executives, and experts on the creation of independent financial instruments within the BRICS framework and business development amid global transformations.
Key topics at the forum will include the development of new payment, settlement, and emission activities for BRICS countries.
The main goals are to facilitate the smooth entry of BRICS countries into new markets, boost mutual trade and investment, and strengthen ties among business circles, governments, and communities.
The forum will address the establishment of independent financial infrastructures to reduce reliance on Western financial systems and promote economic sovereignty among developing nations.
Key initiatives include the creation of a multilateral digital settlement and payment platform known as the "BRICS Bridge," which aims to enhance mutual trade and financial cooperation among member countries.
Additionally, the event will cover a wide array of topics such as economic growth strategies, technological advancements, and multilateralism for global development and security.
Emphasizing the integration of new members, the forum will support these countries in navigating collaboration complexities by sharing experiences and incorporating them into existing BRICS mechanisms .
One significant outcome anticipated from the forum is the adoption of resolutions concerning new financial infrastructures and the enhancement of economic cooperation among member states.
Discussions will cover various aspects, including the creation of a multilateral digital settlement and payment platform, known as the "BRICS Bridge," which aims to improve financial sovereignty and reduce dependency on Western-dominated financial systems.
Moreover, the forum will witness agreements on interparliamentary cooperation and major investment contracts between companies from Russia, Brazil, Egypt, India, Iran, China, the UAE, Saudi Arabia, Ethiopia, and South Africa.
Notably, countries that are not BRICS members, such as Algeria, Yemen, Palestine, Peru, and Tunisia, will also participate, indicating the forum's broad international appeal and its potential to enhance global economic cooperation.
Goldilocks' Comments and Global Economic News Monday Afternoon 5-27-24
Goldilocks' Comments and Global Economic News Monday Afternoon 5-27-24
Good evening Dinar Recaps,
I will be taking the day off Monday to spend time with my family and friends for Memorial Day. I expect to return Tuesday morning with more information on where we are in the transition of our economy. © Goldilocks
Goldilocks' Comments and Global Economic News Monday Afternoon 5-27-24
Good evening Dinar Recaps,
I will be taking the day off Monday to spend time with my family and friends for Memorial Day.
I expect to return Tuesday morning with more information on where we are in the transition of our economy.
© Goldilocks
504,339 views May 25, 2016 Memorial Day Tribute
The Oasis Christian Church video honoring the fallen hero's of war. Freedom came at a high price and we want to say thank you to all the men and women of our armed forces. https://youtu.be/i-ZCvBct6lA?si=zrgCtIFgSAVwW0Bn
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Tomorrow, MICA (Global Regulations) are done. Then, we begin the process of implementing the QFS. It will not be done in one day, but the process begins.
© Goldilocks
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