News, Rumors and Opinions Saturday AM 6-1-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 1 June 2024
Compiled Sat. 1 June 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors/Opinions)
Judy Note: In my opinion it appeared that regulations for the Global Currency Reset were finalized on Wed. 29 May 2024. Tiers 1 and 2 have been funded, while Bond Holders have not.
Tier 3 was apparently under Non Disclosure Agreements so they may already have liquidity. Tier4b (Us, the Internet Group) could be notified for exchange appointments any time from now to Tues. 4 June, with a final D Day of Thurs. 6 June.
The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June and if not, there was a back wall date of Thurs. 4 July when it was believed that the GCR would be announced to the General Public.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 1 June 2024
Compiled Sat. 1 June 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors/Opinions)
Judy Note: In my opinion it appeared that regulations for the Global Currency Reset were finalized on Wed. 29 May 2024. Tiers 1 and 2 have been funded, while Bond Holders have not.
Tier 3 was apparently under Non Disclosure Agreements so they may already have liquidity. Tier4b (Us, the Internet Group) could be notified for exchange appointments any time from now to Tues. 4 June, with a final D Day of Thurs. 6 June.
The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June and if not, there was a back wall date of Thurs. 4 July when it was believed that the GCR would be announced to the General Public.
Fri. 31 May 2024 Wolverine: “It’s been a very emotional day. I will be having a very special live call. We are just inches away from getting that opera out for you guys. We are finally nearly there. My last call is Fri. 31 May 8:30 pm EST.”
Fri. 31 May 2024 MarkZ: Bond people have not yet been paid.
Everything on the new QFS either relates to gold, or it is backed by a precious metal. These new digital standard protocols will be the mechanism by which money is moved going forward. The future of money is in gold. Everything the world touches going forward will be because of a metal asset that enables it to do so.
Global Financial Crisis:
Australia’s Bankwest Bank has announced that it will close all its branches and ATMs by the end of 2024, in order to become a fully digital bank. Coming soon to a bank near you, as part of the globalist push towards programmable CBDCs.
Bank of America lost its case. SCOTUS decision just confirmed that the US has a dual banking system with Federal and State chartering. Let the decentralization of bank power begin.
Fri. 31 May 2024: RV GESARA! GCR Roadmap 5 & The Brewing Banking Sector Crisis: A Ticking Financial Time Bomb – American Media Group (amg-news.com)
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US Debt Clock: May 26, 2024 We, The People, are the SOLUTION.
United USA Dollar = an asset-backed form of wealth preservation with a limited supply that appreciates over time. It is a transparent and verifiable real-world asset, serving as a debt-free currency payable to the bearer. This new USA Treasury certificate is backed by 100% of “We the People” assets, including gold, silver, copper, oil, gas, equity markets, agriculture, real estate, mining, and new energy sources like thorium.
Vs
Divided FED Dollar = an unsecured perpetual debt instrument representing an infinite supply of money that has never been audited. It functions as a mechanism for wealth redistribution, utilizing a secretive, leveraged counterfeit derivative known as the Federal Reserve note. This system’s origins trace back to 1913 when President Woodrow Wilson effectively transferred control of the U.S. financial system to bankers by establishing the Federal Reserve. These bankers use the Federal Reserve’s debt-based system as reserves. The Federal Reserve note, particularly after being removed from the gold standard in 1971, is backed by nothing tangible. This system was never intended to be repaid; rather, it was designed to transfer wealth to the top 1% and the bankers who convened at Jekyll Island. The division of the Federal Reserve Dollar arises from the extensive manipulation in the financial sector, leading to an unsustainable level of debt and an imminent financial bubble on the verge of bursting.
Read full post here: https://dinarchronicles.com/2024/06/01/restored-republic-via-a-gcr-update-as-of-june-1-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The TV just said the main objective of the second phase of the banking system is to have the Iraqi dinar regain its former strength. They also said they are expecting the budget to be passed before the 9th of June. FRANK: They are telling you they are still on course to add value to your currency. Nothing has stopped... FIREFLY: They just said it that budget when approved will need a new rate to make it work correct. FRANK: Don't you love it when your leaders tell you their goal is to regain the value of your currency because this is what they promised you.
Mnt Goat I wanted to share an interesting conversation I had...with my CBI contact this past Wednesday...I was told that the committee to work on the Project to Delete the Zeros has sent the CBI prepared articles to the news media for the sake of educating the citizens on the upcoming process. However, they are dated and so they are for the near future and not for current news. Yes, they are getting ready and moving ahead.
LIVE! (Are You Ready For It?) A Hyper-Inflationary Event May Not Be Too Far Off.
Greg Mannarino: 5-31-2024
Steve Forbes on The New Gold Standard with Guest Philip Patrick from Birch Gold
The Liberty Report: 5-31-2024
The New Gold Standard is coming, as told by famous economist Steve Forbes...Tune in to this Episode with Ron Paul and Special Guest Phillip Patrick from Birch Gold as they discuss the future of gold and the economy.
Goldilocks' Comments and Global Economic News Friday Evening 5-31-24
Goldilocks' Comments and Global Economic News Friday Evening 5-31-24
Good Evening Dinar Recaps,
"Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq.
The Advisory Council members and IBBC members have actively contributed to the paper in the past 4 months. It will be presented online on the 18th June in a webinar and in person at the Spring Conference on 2nd July."
Professor Gunter shows an analysis on the drivers inside the market that impact the Iraqi Dinar exchange rate and how to close the gap between the Parallel Market and Official Rate of the Iraqi Dinar.
Goldilocks' Comments and Global Economic News Friday Evening 5-31-24
Good Evening Dinar Recaps,
"Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq.
The Advisory Council members and IBBC members have actively contributed to the paper in the past 4 months. It will be presented online on the 18th June in a webinar and in person at the Spring Conference on 2nd July."
Professor Gunter shows an analysis on the drivers inside the market that impact the Iraqi Dinar exchange rate and how to close the gap between the Parallel Market and Official Rate of the Iraqi Dinar.
The Iraq Britain Business Council (IBBC) has been working closely with Iraq to help assess and meet the needs of the Iraqi private sector. These assessments inside this research paper will go a long way towards the implementation of meeting the needs of Iraq's private citizens through a determination of an exchange rate that can do so.
Practical policy initiatives are mentioned in this paper to carry forward new monetary policies. They are not calling this project a white paper, but it sure does have all the hallmarks of one.
These new measures are inclusive of budgetary needs for the Iraqi people. One of the items on the CBI website presented today is instructions on home loans. A mortgage is calculated with the inclusivity of an exchange rate to support it.
It is clear that the Iraqi Dinar is moving towards a credit valuation adjustment that can support the needs of their people and Government.
Iraq Britain Business Investopedia Iraq Britain Business 2 Indeed CBI
© Goldilocks
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"The path to adopting digital asset securities begins with collaboration. Introducing the Digital Asset Securities Control Principles framework, in collaboration with @Clearstream, @EuroclearGroup and @BCG."
This is the Depository Trust and Clearing Corporation (DTCC) White Paper that describes our movement towards T+0 settlements or instant settlements.
In order to achieve the full spectrum of the QFS being utilized as a Global Economic System, instant settlements have to be in play to level the playing field. Asset Servicing Times DTTC Ledger Insights
We now have a framework to work from to move towards achieving these objectives.
© Goldilocks
LINK to the white paper document : okt.to/1kdFLM
Twitter
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"Commissioner Pham Announces Agenda for Global Markets Advisory Committee Meeting on June 4" | CFTC
Meeting Agenda:
* Basel 3 Capital proposals and impacts
* Trading impacts with these new credit valuation adjustments
* Impact on Global Market Structures and how this affects liquidity swaps at swap execution facilities
Do you see how we are moving into a phase whereby research on credit valuations and their adjustments are becoming important?
This report will include an assessment of where the International community is at the present time in the integration into the QFS.
© Goldilocks
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Let's take a closer look at hype today. "To promote or publicize (a product or idea) intensively, often exaggerating its importance or benefits."
In society, hype can significantly influence what people think and buy. It is a form of manipulation used for a specific outcome that usually focuses on giving attention to the one sharing its contents.
When you provide an idea that is bigger than it actually is, you alter a person's mind and emotions to focus his or her attention towards the creator of its contents.
This kind of stimulus/response over time has the ability to control the overall actions and mindset of a person to the point of losing a concept of reality that separates a person from self-reflection and self-determination.
Here, a dependency is created for their followers who have not been empowered to think for themselves and totally rely upon their leaders to determine their minds and emotions experiences.
We at the "Seeds of Wisdom Team" have been focusing on factual content to help get us to the end of this ride known as the Global Currency Reset.
We are at this point whereby paying close attention to facts is so valuable to the determination you make at the time of your exchange.
I know I speak for the entire team when I say that it has been a privilege to serve the authentic needs of this community with integrity and dignity.
God Bless each of you.
© Goldilocks
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The Singapore Innovation Hub Centre | Youtube
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BISness podcast - Finternet: the financial system for the future | Youtube
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Bearish Dow future 37,500.
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More News,, Rumors and Opinions Friday Afternoon 5-31-2024
Gold Telegraph: Zimbabwe is Now Experiencing Deflation with ZiG
Friday, 31 May 2024,
Gold Telegraph @GoldTelegraph
After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched.
Gold is like a magic remedy for a broken economy.
Gold Telegraph: Zimbabwe is Now Experiencing Deflation with ZiG
Friday, 31 May 2024,
Gold Telegraph @GoldTelegraph
After years of devastating inflation, Zimbabwe is now experiencing deflation with the introduction of its gold-backed currency. Hilarious. It has gained 1.9% against the dollar since it was launched.
Gold is like a magic remedy for a broken economy.
TNT:
Tishwash: Iran: Iraq is one of the richest countries in the Middle East
The head of the Department of Land Development and Regional Development at the Iranian Planning and Budgeting Organization, Jaafar Hosseini, announced the export of 2,200 Iranian goods to Iraq, amounting to about 12 billion dollars, while noting that Iraq is one of the richest countries in the Middle East.
On Monday, a meeting was held entitled “Discussing the opportunities and challenges of attracting Iraqi investors and enhancing bilateral trade relations in line with Iran’s position in regional value chains,” in the presence of representatives of the Ministry of Foreign Affairs, the Iranian Investment and Economic and Technical Assistance Organization, the Iranian Trade Development Organization, and the Iranian Chamber of Commerce, Industry, Mines and Agriculture.
The meeting included representatives of the two countries' foreign ministries, the Iranian Investment and Economic and Technical Assistance Organization, the Iranian Trade Development Organization and the Iranian Chamber of Commerce, Industry, Mines and Agriculture.
Jaafar Hosseini said in press statements: Since we are at the beginning of the Seventh Plan, and with the aim of financing this plan, attracting local private sector funds and foreign investments, especially from neighboring countries, have been included on the agenda.
He added: Iraq is considered one of the richest countries in the Middle East, in that it possesses 85 billion dollars in foreign exchange reserves, 130 tons of gold reserves and 147 billion reserves, confirmed from a barrel of crude oil (ranked fourth in the world), explaining that it achieved from selling crude oil an income equivalent to $76 billion in 2021, and $120 billion in 2022.
He explained that, with the establishment of relative stability in Iraq and the development of cooperation and trade infrastructure between the two countries over the past twenty years, Iranian exports to Iraq have grown significantly to achieve 15-fold, rising from about 600 million dollars in 2003 to more than 10 billion dollars in the year. the past.
He stated that out of 3,500 Iranian goods exported to the world, there are currently more than 2,200 goods currently exported to Iraq, pointing out that more than half of Iranian traders active in global markets are present in the Iraqi market, and Iranian exports to Iraq are not limited to goods only, but go beyond This includes technical and engineering services and electricity, which are other important elements of Iranian exports to Iraq, which amounted to about 12 billion dollars.
Referring to the strengthening of trade and economic relations between Iran and Iraq, Hosseini stressed the need to strengthen the commercial infrastructure of Kermanshah Province as it is the most important route and corridor for Iran’s exports to Iraq, adding that it is necessary to develop the commercial infrastructure in order to facilitate and simplify trade between the two countries, and to educate and encourage merchants to Investing in Iraq, developing business by sending and receiving business delegations, participating in exhibitions in both countries, establishing Iranian business centers in Iraqi cities, and enhancing the trade balance by developing imports from Iraq.
Hosseini said that despite the large oil income that Iraq has achieved in recent years, the unemployment rate in this country is very high, especially among young people, and he indicates that consumer industries are very important for this country in order to create job opportunities and attract foreign capital.
Hosseini touched on the important and priority activities of Iran in Iraq, including: compensating part of the trade surplus surplus with Iraq by importing oil from this country and exporting it from the port of Jask, and assisting in the presence of Iranian companies in the field of distributing petroleum products, especially in downstream and upstream activities, and establishing A complex network at the retail level in order to help provide job opportunities for Iraqi youth, and also develop platforms related to the distribution of goods and services or transportation within cities to help the employment situation, especially for educated youth.
He added: In addition, establishing joint border industrial cities with the aim of transferring part of the value chain of industries used in the fields of food industries or textile industries to Iraq, taking into account the possibility of re-exporting from this country, and also establishing a trade corridor to import food products from Central Asia. Russia and export local products from the western borders.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time...They even talk about that part from the World Bank discussion on changing the dinar exchange rate. It's powerful. This is all on the news. FRANK: The monetary reform education to you citizens will get very loud...
Yada Article: "Parliament sets next Monday as the date for the session to approve the budget schedules" ...we are not waiting on their vote, their vote will happen after the release of the rate. IMO, the rate for the budget voted upon in June 2023 is what we are about to see...any moment. The budget they vote on on Monday is the rate change for the newest contract since Jan 24 this year...All the more expecting to see the rate any moment now.
BRICS Bombshell: Thailand’s Membership Bid Confirms Asia’s De-Dollarization Shift
Sean Foo: 5-31-2024
In a big update, Thailand is moving fast to be the first Southeast Asian country to join BRICS. This ASEAN country wants to find bigger economic opportunities, especially with China, to grow their economy.
This spells economic doom for the West & the US financial system. De-dollarization will continue to accelerate and the multi-polar world is forming fast.
Timestamps & Chapters:
0:00 Thailand's Bombshell Bid
2:41 Asia Pushes De-dollarization
5:49 Cheap Commodities & Faster Growth
8:46 Why Asia Chooses BRICS
12:11 BRICS Will Isolate G7
LIVE! Economic MELTDOWN Worsens. FAKE GDP Numbers. Home Sales NOSEDIVE. Trade Gap WIDENS.
Greg Mannarino: 5-31-2024
Economist’s “News and Views” Friday 5-31-2024
Crisis For Bullion Banks Amid Surging Metal Prices | Alasdair Macleod
Liberty and Finance: 5-31-2024
Physical silver and gold are being drained from the major exchanges, and the bullion banks are losing control of the gold and silver prices, according to bullion researcher and former bank director Alasdair Macleod .
This could lead to a crisis on the exchanges and a crisis for bullion banks. While the prices of precious metals have been manipulated in the West, the West has spread anti-gold propaganda, says Macleod.
But the East has continued to accumulate, probably far more than what is officially reported.
Gold is certainly going to reassert itself as money, he says, and the remonetization of gold will spell disaster for the Dollar.
Crisis For Bullion Banks Amid Surging Metal Prices | Alasdair Macleod
Liberty and Finance: 5-31-2024
Physical silver and gold are being drained from the major exchanges, and the bullion banks are losing control of the gold and silver prices, according to bullion researcher and former bank director Alasdair Macleod .
This could lead to a crisis on the exchanges and a crisis for bullion banks. While the prices of precious metals have been manipulated in the West, the West has spread anti-gold propaganda, says Macleod.
But the East has continued to accumulate, probably far more than what is officially reported.
Gold is certainly going to reassert itself as money, he says, and the remonetization of gold will spell disaster for the Dollar.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Physical silver & gold supply
12:08 Inflation & depression
34:30 Banking system
40:07 Anti-gold propaganda
48:15 Gold reserves
Citigroup Sounds The Alarm On Complete Economic Collapse
Atlantis Report: 5-31-2024
Citigroup, one of the world's leading banks, has made a shocking announcement about the looming threat of a complete economic collapse.
This alarming forecast comes amidst growing concerns over the state of the labor market, which has shown signs of deterioration that could have far-reaching consequences for the nation's economic stability.
The warning has prompted governments, corporations, and individuals to prepare for an unprecedented economic calamity.
US Panic: FED Admits The Economy & Dollar In Danger As Countries Lose Faith In U.S. Debt
Sean foo:
The US economy is in trouble and the Fed has admitted even the dollar is facing danger as well. Because of uncontrolled deficit spending and sanctions, America's economic path is unsustainable. Here's why countries are exiting US debt and why the ending looks bad.
Timestamps & Chapters:
0:00 Fed US Dollar Warning
2:46 Countries Exiting US Debt
5:55 Unsustainable Spending Crisis
7:46 Sponsor: Indigo Precious Metals
9:12 Deadly Debt Spiral
10:51 Protectionism Backfires Bad
13:08 America's Big Trust Deficit
“Tidbits From TNT” Friday 5-31-2024
TNT:
Tishwash: A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?
The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.
Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”
He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."
He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil." link
TNT:
Tishwash: A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?
The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.
Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”
He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."
He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil." link
Tishwash: Baghdad Stock Exchange closes due to instability in dollar prices
The exchange rates of the US dollar continued to be unstable against the Iraqi dinar, with the close of trading on the Al-Kifah Stock Exchange today.
Selling prices in exchange shops recorded 146,000 dinars for 100 dollars, while purchasing prices reached 144,000 dinars for 100 dollars.
Economic specialists warned of the sudden rise of the dollar, noting that the reason was due to speculators withdrawing the American currency from the market and selling it later at high prices, which negatively affects the stability of the financial market and the local economy.
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CandyKisses: Abu Saeeda: American forces will not withdraw from Iraq, and the nature of their presence will be changed
Information / Baghdad...
The head of the movement and the presence of Mohammed Sharif Abu Saida, ruled out the withdrawal of US forces from Iraq, expecting to change the status of their presence.
Abu Saida told Al-Maalouma that "America controls 3 of the largest military bases in the region, Ain al-Assad, Harir and Victoria inside Iraq and al-Tanf near the Iraqi-Syrian border."
He added that "the extension of the state of emergency in Iraq by US President Joe Biden is an explicit confirmation of the continued presence of his military forces in Iraqi territory," pointing out that "the visit of Prime Minister Mohammed Shia Al-Sudani to Washington last month did not discuss the file of withdrawal of US forces from Iraq."
"Anyone who talks about a systematic withdrawal of US forces from Iraq is delusional, as what will happen is to change the status of these forces from a combat soldier to an advisor," he said.
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Tishwash: Adopting international standards brings Iraq closer to the International Labor Organization
Consensus on the importance of strengthening the work sectors in the public and private sectors, and in the financial sector in particular, by adopting governance, risk management and compliance procedures and their role in evaluating performance to achieve goals and avoid economic diseases of all kinds, and to bring Iraq closer to the international labor system.
Advisor to the Prime Minister for Financial Affairs Dr. Mazhar Muhammad Saleh said during the Governance, Risk Management and Compliance Forum organized by the House of Wisdom for Training and Consulting: The importance of the forum stems from focusing on three axes that are extremely important for evaluating performance within institutions, whether public or private, pointing out that governance does not allow deviation from compliance rules. The basic principles are that creating performance paths that serve the country requires commitment to these important and internationally recognized standards.
Saleh stressed that adherence to established policies is extremely important in the internal auditing process and is no less important than high disclosure and transparency, pointing out the importance of there being true integration in building human capabilities through solid training and education curricula that create competencies that rise to world-class performance.
The speech of the Acting Chairman of the Finance Committee, Atwan Al-Atwani, which was read out, confirmed that the issue of governance in public and private institutions receives international, regional and local attention as a result of the expansion of the size of institutions, due to the technological development witnessed by the world and the challenges that have been created that require a new business philosophy.
He pointed out that the GRS system is of great importance, especially in the banking sector, as well as for adopting a huge amount of data in public and private institutions via the Internet, and to achieve the goals of this system, we find that it turns data into smart data of value for institutions.
As for the authorized director of the House of Wisdom for Training and Consultations, Hisham Khaled Abbas, he stated that the forum represents a new approach that expands the importance of this concept, and that the role of governance is to promote effective management that achieves results that enhance the reality of the institution, succeeds in achieving goals, and touches on the broader results and objectives of the national economy seeking to evaluate performance and advance the economy. in general.
He stated that keeping pace with global developments is extremely important and brings us close to the international labor system and enhances confidence in the Iraqi labor market, which is looking for an international presence to complete many works, especially in the investment field in various sectors without exception, at a time when we find many major and specialized international companies looking to... Iraq is of particular importance and the business environment is studied very carefully.
Abbas pointed out that governance, compliance, and risk management are important axes that keep us close to important international and regional economies. link
Mot: Don't Get it!! -- what ever Does he Mean!!???
Mot: Yeppers - finded sum
News, Rumors and Opinions Friday AM 5-31-2024
Note: All intel should be considered as “Rumors” until we receive official announcements …and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 31 May 2024
Compiled Fri. 31 May 2024 12:01 am EST by Judy Byington
Judy Note: The new monetary system known as the Quantum Financial System (QFS) will end the Cabal’s corruption, usury, and manipulation within the banking industry. The QFS is ready for its implementation, and is waiting behind the coulisses. This new Quantum Financial System is set to be run on a quantum computer that is based on an orbiting satellite, and is protected by Secret Space Programs to ensure that it cannot be hacked.
Note: All intel should be considered as “Rumors” until we receive official announcements …and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 31 May 2024
Compiled Fri. 31 May 2024 12:01 am EST by Judy Byington
Judy Note: The new monetary system known as the Quantum Financial System (QFS) will end the Cabal’s corruption, usury, and manipulation within the banking industry. The QFS is ready for its implementation, and is waiting behind the coulisses. This new Quantum Financial System is set to be run on a quantum computer that is based on an orbiting satellite, and is protected by Secret Space Programs to ensure that it cannot be hacked.
Global Currency Reset: (Opinions)
Judy Note: In my opinion it appeared that Tiers 1 and 2 have been funded and Bond Holders may have received liquidity on Wed. 39 May – the same day they finalized regulations for the Global Currency Reset. Tier 3 was apparently under Non Disclosure Agreements so they may already have liquidity. Tier4b (Us, the Internet Group) could be notified for exchange appointments any time from Sat. 1 June to Tues. 4 June, with a final D Day of Thurs. 6 June. The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June and if not, there was a back wall date of Thurs. 4 July when it was believed that the GCR would be announced to the General Public.
Thurs. 30 May 2024 Wolverine: “Beautiful news came through this morning that we were going to start tomorrow Fri. 31 May. We’ve heard this before but I’m praying that it becomes a reality tomorrow. It is a process which should be finished by June 15th. Thurs. 6 June is D Day.”
Thurs. 30 May 2024 Bruce (by Sue): High Sources says 800 numbers today or tomorrow Fri. 31 May and could kick off on Sat. 1 June.
Thurs. 30 May 2024 Bank Story, Anon: “Today at 3am my wife got a text message from Santander Bank stating that her Google pay setup using the Santander Card had been cancelled. I spoke to the tech support and asked him are you on QFS? He said yes they are on Quantum Financial System. That Santander was on the QFS was very exciting news.”
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Global Financial Crisis:
Fed Chair Jerome Powell and the FOMC tomorrow. The Federal Reserve plays a pivotal role in managing the U.S. monetary policy, including the control of money printing and interest rates. Since 1971, the U.S. dollar has operated under a fiat monetary system, meaning it is not backed by gold or any other physical commodity. Instead, its value is based on the “full faith and credit” of the U.S. government. The Federal Reserve’s decisions on interest rates can impact borrowing costs, inflation, and the national debt. Lowering interest rates can make borrowing cheaper, potentially increasing the national debt. This has raised concerns about the sustainability of the U.S. debt, with some viewing it as a potential bubble or Ponzi scheme. https://t.me/USDebtClockAmerica
Thurs. 30 May 2024: US Debt Clock: Wake-up Call to the Republic – 22 States Sue the Fed Seeking Audit of Private Banking Syndicate – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/05/31/restored-republic-via-a-gcr-update-as-of-may-31-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq has not...been paying for things for 1310 through the dinar. They've been using oil money in dollars...That's going to cease. We already know they've got about 90% of all of the commercial activity in Iraq [aside from Kurdistan] using the dinar in-country. They talked many times that liquidity is tight in Iraq with the dinar...All the citizens that are dealing in dinar and own dinar, I think they're going to be in good shape. If you're only dealing in the dollar and they change the value of the currency...you are going to suffer...
Pimpy Article: "Expert: The Iraqi economy is witnessing a remarkable growth, with the decline in the dollar exchange rate." This is good. We need this to happen. Iraq needs it to happen. More importantly the policies that are being implemented by Iraq are favorable amongst the IMF, World Bank and all those people who are involved with making sure Iraq stay on track, stops laundering money and financing terrorist. The more Iraq continues to stay on track and prove to the world they are going to behave themselves for now on the doors open for Iraq to rejoin the international community...
Comparing the IQD to the VND Iraqi News IQD VND HTG Rates
Edu Matrix: 5-31-2024
Comparing the IQD to the VND Iraqi News IQD VND HTG Exchange Rates There are major differences between Iraq and Vietnam, but what they have in common is frustrating.
Fifty yeas vs. 20 years waiting for currency to increase in value against the US dollar.
Is the U.S. Empire Coming to an End (Destruction of the U.S. Dollar)?
Sachs Reality: 5-30-2024
Will the BRICS announce a new currency in their 2024 summit, would this collapse the U.S. dollar?
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Good Evening Dinar Recaps,
"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"
The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.
Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce. This is a 14.3% increase.
Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.
Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24
Good Evening Dinar Recaps,
"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"
The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.
Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce. This is a 14.3% increase.
Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.
To top it all off, the Global Economy is moving into virtual assets that are called "tokenized assets." Each asset contains gold to support its value even the stablecoins which represents a country's currency has to have enough gold to sustain a Level Playing Field price in trade. MoneyWise YCharts.
Everything is turning to gold, and gold will set us free.
© Goldilocks
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Thank you Sam for finding the above information for me. I knew it had to be somewhere.
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Everything on the new QFS either relates to gold, or it is backed by a precious metal.
These new digital standard protocols will be the mechanism by which money is moved going forward.
The future of money is in gold. Everything the world touches going forward will be because of a metal asset that enables it to do so.
© Goldilocks
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Status of Banks’ Unrealized Losses in Q1: Worsened after Brief Rate-Cut-Mania Relief | Wolf Street
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New York Stock Exchange to list Bitcoin options - Ledger Insights - blockchain for enterprise
Bitcoin Announcement:
"Today the New York Stock Exchange (NYSE) said it plans to launch cash-settled spot Bitcoin options with the price tracking the CoinDesk Bitcoin Price Index (XBX), subject to regulatory approval."
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Once our digital assets moving towards regulation and becoming law are complete, the ability to move our "tokenized assets" backed by gold as a tier one asset will bring the banking system and the markets into correlated price patterns.
This will enable us to move forward with the new economy and begin the process of credit valuation adjustments across all sectors of the market including Forex.
© Goldilocks
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The BuyBacks that started yesterday have not turned the markets around. BuyBacks usually reset a market and support a market. So far, it is not working. The next FOMC meeting is June 11th through the 12th. We may be looking at some monetary policy changes. We have to keep our eyes open much wider than before...
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Article (10) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and based on the supervisory and supervisory role of this bank, it was decided to oblige the Anti-Money Laundering and Terrorist Financing Department in the electronic payment service providers/processors company to follow up on the movements that take place. On cards (whether prepaid, credit or debit)
https://cbi.iq/news/view/2595
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Meeting with the Minister of Agriculture at ROSL, 2024 | Youtube
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Comparing the IQD to the VND Iraqi News IQD VND HTG Rates | Youtube
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THE WORLD ECONOMY IS COLLAPSING FASTER... AND SOCIETY IS BEING "DECONSTRUCTED." Mannarino | Youtube
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Trading Halt | Investopedia
Market Announcement:
A delay in ticker reporting was announced about an hour ago. This delay is expected to be over 2 hours.
This does not make sense to me as a trader. Something is not right. Why would anyone buy in a stock market whereby the buy/sell indicators were delayed?
This is very dangerous.
"Trading can be halted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch, due to regulatory concerns or because the price of the security or an index has moved rapidly enough to trigger a halt based on exchange rules."
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It looks like I have the rest of the day off.
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All Time High Asset Prices | Youtube
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Ripple submits a letter to Judge Torres:
1 & 2
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De Dollarization: Are American Allies (the EU) joining BRICS move?
De Dollarization: Are American Allies (the EU) joining BRICS move?
Fastepo: 5-30-2024
You may have heard the term de-dollarization. This concept involves reducing reliance on the US dollar for international trade, financial transactions, and reserves.
While it is often associated with eastern or anti-western countries like the BRICS nations and their allies, the trend has now expanded beyond these regions.
Surprisingly, even the European Union has joined the movement, reflecting a broader shift in global financial strategies. The trend towards dedollarization in Europe and globally is gaining momentum, driven by several geopolitical and economic factors.
The EU's drive towards de-dollarization is motivated by several strategic factors. Primarily, it aims to reduce vulnerability to US sanctions, which impact European businesses by limiting their ability to engage in transactions involving the dollar
De Dollarization: Are American Allies (the EU) joining BRICS move?
Fastepo: 5-30-2024
You may have heard the term de-dollarization. This concept involves reducing reliance on the US dollar for international trade, financial transactions, and reserves.
While it is often associated with eastern or anti-western countries like the BRICS nations and their allies, the trend has now expanded beyond these regions.
Surprisingly, even the European Union has joined the movement, reflecting a broader shift in global financial strategies. The trend towards dedollarization in Europe and globally is gaining momentum, driven by several geopolitical and economic factors.
The EU's drive towards de-dollarization is motivated by several strategic factors. Primarily, it aims to reduce vulnerability to US sanctions, which impact European businesses by limiting their ability to engage in transactions involving the dollar
Enhancing financial autonomy is another key motive, allowing the EU to implement independent economic policies and increase the euro's stability as a global currency.
Promoting the euro in international trade helps mitigate exchange rate risks and strengthens the EU's geopolitical influence. Economic stability and risk diversification are also crucial, as reliance on the dollar exposes the EU to economic fluctuations and US policy changes.
Additionally, facilitating trade with countries like China and Russia, which are also pursuing de-dollarization, and leveraging technological innovations in financial systems, such as SEPA and the digital euro, further support this strategic shift
In this video, we dive deep into the concept of de-dollarization from the EU's perspective.
More News, Rumors and Opinions Thursday Afternoon 5-30-2024
Entire Financial System Can Go Down Soon – Chris Martenson
By Greg Hunter’s USAWatchdog.com
Dr. Chris Martenson holds a PhD in pathology from Duke University, is a futurist and an economic researcher. Dr. Martenson was one of the very few scientists who called…[rest of paragraph redacted]
In a new market meltdown, Dr. Martenson sees chaos and gives a hypothetical example: “China attacks Taiwan, and there is a 10 sigma move in the bond market. Oh no, all these derivatives have blown up. These people are supposed to be winners, and these people are supposed to be all losers. No, no, they don’t have any money for that stuff. It’s too complicated. I don’t think anybody understands how this works anymore.
I could not find anybody who could tell me the whole thing. I could find people who knew bits and pieces, but they knew their slice. . . . I am trying to stitch this thing all together.
Entire Financial System Can Go Down Soon – Chris Martenson
By Greg Hunter’s USAWatchdog.com
Dr. Chris Martenson holds a PhD in pathology from Duke University, is a futurist and an economic researcher. Dr. Martenson was one of the very few scientists who called…[rest of paragraph redacted]
In a new market meltdown, Dr. Martenson sees chaos and gives a hypothetical example: “China attacks Taiwan, and there is a 10 sigma move in the bond market. Oh no, all these derivatives have blown up. These people are supposed to be winners, and these people are supposed to be all losers. No, no, they don’t have any money for that stuff. It’s too complicated. I don’t think anybody understands how this works anymore.
I could not find anybody who could tell me the whole thing. I could find people who knew bits and pieces, but they knew their slice. . . . I am trying to stitch this thing all together.
I get uncomfortable when I can’t answer the most basic questions, and that is how much risk is there in the system and where is it?”
In short, Dr. Martenson is worried about the whole financial system going down. Dr. Martenson says, “Yes, I am worried about the whole system going down, and that leads to all sorts of speculation. . . .
Imagine this, we wake up one day, and the markets are not open on Monday. Oh no, glitch. Problem. Then, it’s two days and not open, three days not open. People are getting worried. Friday, and the markets are still not open. Monday comes, and they say it’s a super big problem, and we don’t know how to resolve it. . . . They offer you 100% value today in a Central Bank Digital Currency (CBDC) account or you can wait it out and hope it gets resolved, and it might take a decade.”
Dr. Martenson likes gold, silver, land and basically all (clear title) physical assets to protect you from “The Great Taking.” Martenson has an upcoming seminar with “The Great Taking” author David Webb (and others) to help you to counter the theft that will surely come in the next financial meltdown.
In closing, Dr. Martenson says, “This has been a series of large amplitude blunders that keep getting bigger and bigger. The Great Taking” is the framework built, that just in case all this colossal blundering blows up, Congress and Wall Street flips a coin and you get heads we win and tails you lose. This is the oldest story in the book.”
There is much more in the 38-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the founder of PeakProsperity.com, Dr. Chris Martenson for 5.28.24.
https://rumble.com/v4y3dpu-entire-financial-system-can-go-down-soon-chris-martenson.html
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VAL THOR
THIS AM I CALLED MY CREDIT UNION, ONLINE BANKING WAS DOWN.
I ASKED IF THEY WERE CONVERTING OVER FROM SWIFT TO QFS.
AN IMMEDIATE YES!
ONLINE 3 HRS LATER. IT HAD BEEN DOWN FOR 15 HRS.
https://dinarchronicles.com/2024/05/29/val-thor-credit-union-acknowledges-qfs/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article quote: "If we assume the Central Bank issues a new currency this will not affect the exchange rate of the Iraqi dinar." This guy is not wrong...It won't in my view. The exchange rate will affect the new small denominations though...If they change the value of the exchange rate by dropping the three zeros, therefor the new denominations will be affected by it, which will be value. It's pretty simple.
Mnt Goat ...we read three articles about the CBI official rate equaling the Parallel or Black market rate in the coming days. WOW!...Saleh, the prime minister’s financial advisor, then goes on to say this will make one dinar equal to one dollar in Iraq. WOW! ...I was told by my CBI contact months ago to watch for right before the CBI makes one more “official” rate change closer to 1000 from 1320. If you take 1000...and delete the three zeros 1000 what do you have? Of course, you have a situation of 1 dinar equals 1 dollar...But I believe that when they CBI does make this next official rate change it will move closer to 1166 and not 1000 which would make 1 dinar = 1.16 dollars just over a dollar to help the banks retrieve these dollars hoarded outside of the banks... Let’s sit tight and watch this play out.
Jim Rickards Warns Real Danger is Not U.S. Treasuries Collapsing but Something Far Worse
Daniela Cambone: 5-30-2024
Russia could retaliate by freezing the entire Western clearance system, warns Jim Richards, New York Times bestselling author.
In an exclusive interview with Daniela Cambone, Richards explains that if Western countries seize Russian assets, Russia could sue Euroclear, the largest clearing, settlement, and custody organization in Europe, to recover damages.
“You could throw a monkey wrench into the entire global clearance and settlement system by disrupting Euroclear, which is probably second only to DTCC in terms of settlement and clearance.”
Additionally, Richards states that we may need to return to the gold standard to restore confidence in the U.S. dollar.
“But if you have to go back to a gold standard, $27,000 would have to be the price in order to avoid massive deflation.”
Some “BRICS News” Thursday 5-30-2024
BRICS Announce Resolution For New Payment & Settlement Activities
Arcadia Economics: 5-29-2024
The BRICS International Financial and Economic Forum opens on Monday in Moscow, and according to the organizing committee of the forum, a resolution will be adopted on new payment, settlement, and emission activities of the countries of the association.
We've talked on the show previously about a currency project called The Unit, that is reportedly being moved forward with the BRICS Business Council as a potential structure for a payment settlement mechanism.
And now the latest announcement sheds more light on what the BRICS are aiming for, with the information this time coming directly from them.
Vince explains what happened and what it means, and also goes through the latest gold and silver news and developments. To find out more, click to watch the video now!
BRICS Announce Resolution For New Payment & Settlement Activities
Arcadia Economics: 5-29-2024
The BRICS International Financial and Economic Forum opens on Monday in Moscow, and according to the organizing committee of the forum, a resolution will be adopted on new payment, settlement, and emission activities of the countries of the association.
We've talked on the show previously about a currency project called The Unit, that is reportedly being moved forward with the BRICS Business Council as a potential structure for a payment settlement mechanism.
And now the latest announcement sheds more light on what the BRICS are aiming for, with the information this time coming directly from them.
Vince explains what happened and what it means, and also goes through the latest gold and silver news and developments. To find out more, click to watch the video now!
BRICS Expansion: Venezuela Officially Ditches Dollar!
GlobalEconinsights: 5-29-2024
BRICS expansion: Venezuela officially ditches Dollar! In a move signaling a shift in global economic power, Venezuela has officially announced its decision to ditch the dollar in favor of closer ties with the BRICS nations - Brazil, Russia, India, China, and South Africa.
This strategic move is seen as a significant step towards reducing dependency on the US currency and forging stronger alliances with emerging economies. Stay tuned to learn more about how Venezuela's decision to join the BRICS alliance could impact the global financial landscape.
Would You Pay €1 For This House?
Would You Pay €1 For This House?
Notes From the Field by James Hickman (Simon Black) May 29, 2024
In 2007, Giuseppe Ferrarello found himself facing a monumental challenge as the newly-elected mayor of Gangi, Italy — an incredibly picturesque yet dwindling town nestled in the mountains of Sicily.
Like many rural communities across Italy and beyond, the village of Gangi was grappling with depopulation and economic decline. Once home to 15,000 people, its population by 2007 stood at just 7,000. Young people in particular were leaving to seek job opportunities in northern Italy and elsewhere in Europe, leaving behind aging parents and empty houses.
At first glance, the situation seemed hopeless. Gangi’s inland location far from the coast rendered it unattractive to tourists.
Would You Pay €1 For This House?
Notes From the Field by James Hickman (Simon Black) May 29, 2024
In 2007, Giuseppe Ferrarello found himself facing a monumental challenge as the newly-elected mayor of Gangi, Italy — an incredibly picturesque yet dwindling town nestled in the mountains of Sicily.
Like many rural communities across Italy and beyond, the village of Gangi was grappling with depopulation and economic decline. Once home to 15,000 people, its population by 2007 stood at just 7,000. Young people in particular were leaving to seek job opportunities in northern Italy and elsewhere in Europe, leaving behind aging parents and empty houses.
At first glance, the situation seemed hopeless. Gangi’s inland location far from the coast rendered it unattractive to tourists.
But Ferrarello refused to give up and adopted a bold strategy to revitalize his town through the “One Euro Houses program” — a pioneering initiative aimed at attracting new residents and rejuvenating abandoned properties.
Under the program, buyers could purchase local derelict houses for a symbolic price of just one euro... but with strings attached. New owners had to commit to restoring the properties within four years.
Ferrarello’s idea was successful in attracting foreign investors. And over the next few years, the little hamlet was recognized as the “Jewel of Italy,” and named one of the “The most beautiful Italian villages.”
New residents and tourists from Europe and beyond arrived, to the delight of the local businesses and artisans.
And over the following years, several towns across Italy, Spain, France, and even the UK launched their own projects offering housing at a ‘symbolic price’.
At face value it seems like a stupendous bargain to buy a house in Europe for just 1 euro. But are these offers really worth the strings attached?
Super cheap real estate deals across various EU countries exist because the properties are worthless to their current owners. These often-dilapidated homes are located in small towns far from major population centers and tourist attractions, and many have been abandoned for generations, requiring extensive renovation.
Property taxes, though modest, make these properties a burden. And buyers typically must commit to spending at least €35,000 to renovate the property within two to three years.
If you fail to meet these obligations, you risk losing a €1,000 to €5,000 insurance deposit held by the municipality, losing the property, or both.
Other costs include €1,500 in legal fees, and roughly €3,500 for mandatory civil engineering and architectural plans.
There’s also no guarantee that €35,000 will be enough to complete renovations; many of these properties are “historic,” meaning you can’t do whatever you want. Plenty of local regulations will govern what you can and cannot do.
Therefore, renovating a small, 100 square meter (1,076 sq.ft.) home can cost between €60,000 and €160,000 to bring it to a livable and rentable condition.
Engaging in such a project could certainly benefit adventurous souls with ample free time.
But there are other challenges as well. You either need to speak Italian and be prepared for the complexities of southern European bureaucracy, or you’ll have to spend even more money on project managers.
Even if you persevere through the purchase and renovation process, consider the most probable outcome — an illiquid property in a tiny village lacking appeal to both Italians and foreigners alike. Because most of these towns aren’t as successful as Gangi at reigniting their tiny economies.
But if owning a beautiful home in Italy is your goal (and part of your Plan B), it probably makes more sense to just look at the wide selection of regular cheap properties available throughout the country.
After all, owning an Italian home does offer the allure of breathtaking scenery, cultural richness, relaxation, outdoor activities, and even an investment potential… all in one picturesque package.
Even for as low as €60,000 to €160,000, you can find a nice Italian property with no strings attached — no hunting for reliable information, no applying for remodeling and construction permits, no actual renovation, and no time wasted.
Properties almost anywhere in Italy remain remarkably cheap, as the country has, so far, missed the real estate boom experienced by its European neighbors.
As of March 2024, the average Italian property price per square meter stood at €1,850, just 6.6% higher than the nationwide low recorded in February 2020.
Property prices in Spain average €2,098 per sq.m., and €2,596 in Portugal.
And 22 provinces (out of 106) across Italy have current province-wide prices below €1,000 per square meter. That’s definitely cheap.
For example, in Gangi, the original “€1 house” village, this 151 sq.m., 3-story house in the town center offers great views, is in livable condition, and is selling for just €35,000.
(Personally, I’d rather pay 35k for the finished home than have paid 1 euro and gone through all the time, money, and work to renovate it.)
And it’s not just the cheaper southern Italy that has these deals.
Genoa — a famous port city just south of Milan, and the birthplace of Christopher Columbus — is still 47% below its 2012 peak, with plenty of options below €1,000 per square meter.
Biella — less than 90 minutes from Milan and situated right at the foot of the Alps, next to lakes, mountains, and ski resorts — offers this spacious and modern 250 sq.m. apartment located right in the town’s historic area, selling for €155,000 — a very inexpensive €620 per square meter
Now, believe it or not, this article isn’t really about buying property in Italy. To some people, Italy may be their idyllic retirement dream. Others couldn’t care less. The larger issue is how to think about a “Plan B”.
Remember, the central idea behind a Plan B is to mitigate risks by taking sensible actions — actions which make sense regardless of what happens (or doesn’t happen) in the future.
For a lot of people, a big part of their Plan B is having a second property overseas. A second home abroad, combined with residency or citizenship, is sort of like an insurance policy: you might not ever need it… but in case you ever do, you’ll be damn glad you have one.
A second residence means that you’ll always have a place to go in case, for whatever reason, you need to leave your home country. This could be enormously valuable to you and your family.
But even if that day never comes (and hopefully it doesn’t), it’s hard to imagine you’ll be worse off for owning a nice property in a place where you really enjoy spending time-- which you were able to purchase on the cheap and generate modest cashflow while you’re not using it.
For some people, Italy ticks that box. For others, it doesn’t. And for others, buying a second home isn’t the right move either. Everyone has unique, individual circumstances.
The key idea is that we can apply this same logic to other elements of a Plan B, including our finances.
For example, we have long argued why inflation will grow and become a major problem for the US dollar in the coming years; it will be extremely difficult to take on $20+ trillion in new debt in the next decade without serious, serious inflation.
Real assets are a major inflation hedge. And right now, many real assets-- including key commodities and the companies which produce them — are historically cheap.
We’re talking about high quality gold or copper miners that generate fantastic profits, have virtually zero debt, and pay 8%+ dividends… yet their shares trade at laughably low valuations.
If our inflation thesis plays out as expected, these types of companies will do extremely well, and shareholders could be richly rewarded.
But even if inflation never materializes (which is highly doubtful), it still makes sense to consider owning a strong, profitable business that pays a great dividend.
James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/would-you-pay-e1-for-this-house-150891/