Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24

Goldilocks' Comments and Global Economic News Wednesday AM 6-19-24

Good Morning Dinar Recaps,

Putin visits Vietnam. Why? “The main issues relate to shoring up economic and commercial ties, including arms sales.”

Putin and Vietnam's leaders were said to have been working on an agreement regarding ruble-dong currency transactions through the banking system. This meeting is expected to enable payment for goods and services.

Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade, and military arms expansion.

Proper military spending over GDP stabilizes and promotes currency values of a country. Why? Money spent on the military ends up in the private sector as payment for goods and services the military requires.

Each of these are indicators of a growing economy that justifies a higher value through demand on their currency inside a Market Economy.    Vision Times   Education CFR   Nature

© Goldilocks
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Nervous about the market? Here’s one thing you could do if shares start sinking fast

Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming. I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected] January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target.

So, again, heading in the right direction, it may be slower than people would like. But we’re going to 2%.

And then the other thing I would point to as well — the labor side of their mandate is becoming a little more focused. [The Fed] is one of the only central banks that has the dual mandate with price stability and full employment. It feels like the price stability side is coming into better focus.

As the economy slows a little bit here, and you start to see the unemployment rate tick a little bit higher … the Fed [could start] to focus on making sure that the unemployment rate doesn’t start to rise.

That could be the trigger for rate cuts. So we’re not ruling out rate cuts by September. We could easily have a cut. The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction.   CNN  

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Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. | Risk Net

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OPEC sees no peak oil demand long term, secretary general says | Gulf Business

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The 2024 U.S. Presidential race sees cryptocurrency policy as a key issue, with both parties engaging in debates.

Paul Ryan urges lawmakers to create a regulatory framework for stablecoins to boost U.S. debt attractiveness.

Ryan highlights China's digital currency advances, stressing the need for U.S. adoption of dollar-backed stablecoins.    Read Write

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Guaranteed basic income programs spread across the country: Is it coming to your city? | Fox News

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Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

Swift bids to connect VoP schemes across Europe   FinExtra

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News, Rumors and Opinions Wednesday AM 6-19-2024

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 Restored Republic via a GCR: Update as of 19 June 2024

Compiled Wed. 19 June 2024 12:01 am EST by Judy Byington

Payout for Tier Groups involved in the RV: (Rumors/Opinions)

The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.

The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.

Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.

A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. F&P’s (Fines and penalties) are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
1-4b are notified. (they need D1 to be liquid)

It appears all is set to go on or about the same time!

Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.

Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.

Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA. Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.

Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the Intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.

Tier 5 The general public who never paid attention to the Intel.

The official GO for Tier 4b has not been released yet. It can happen any moment.

As all Tier1-4b are funded, we await the final release to reach to our level. It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.

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Global Financial Crisis:

As of June 9, 2024 the Petro Dollar ended, meaning that the decades-long agreement between The Kingdom of Saudi Arabia and the USA to sell Saudi Oil exclusively using US dollars has ended… It’s kaput!

Old fiat Federal Reserve US Dollar vs New gold/asset-backed US Note: The monetary system we rely on today is a construct designed by central bankers to benefit themselves and control the masses. The Federal Reserve Note, commonly known as the US dollar, was created to keep people in financial bondage. But now, we have a unique opportunity to break free from this system. The flaws and corruption of the old system are becoming clear, and we have the chance to move toward a new reality. This new form of money is transparent, asset-backed, and owned by the people. It’s designed to preserve wealth, gain value over time, and serve as a reliable store of value, unit of measure, and medium of exchange. Stay hopeful. The old system is collapsing, and we are on the brink of a new system that is designed for a ‘Level Playing Field’.

Malaysian Currency Now On RV Path in BRICS Gold-Backed Alliance. Prime Minister Declares Strategic Intention to Join BRICS Alliance which leading to a significant RV of the Malaysian Ringgit (MYR). https://ai3d.blog/malaysian-currency-now-on-rv-path-in-brics-gold-backed-alliance/

Gold Standard Restoration Act:

This bill requires the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day’s closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price and create processes to facilitate exchanges between banks and the public. If a Federal Reserve Bank does not do this, Treasury must make any exchange and place a corresponding lien on the assets of that bank.

In addition, Treasury and the Board of Governors of the Federal Reserve must report on U.S. gold holdings.

If you have doubts about what is coming, consider this: many countries are buying gold at record rates. Some are even reevaluating their currencies by backing them with gold and moving away from the US dollar. Blockchain technology is now minting real-world assets like gold, providing a more transparent way to validate information. We must remember that gold and silver have always been considered “God’s money,” a cornerstone of financial stability.

Historically, efforts to return to a gold and silver monetary standard have failed because technology was suppressed, and a few maintained control over the financial ledger. However, for the first time in human history, we can leverage AI and advanced technology to secure our financial future. This is a pivotal moment, ensuring greater transparency and trust in our monetary systems.

Read full post here:  https://dinarchronicles.com/2024/06/19/restored-republic-via-a-gcr-update-as-of-june-19-2024/

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

Mnt Goat  ..the “icing on the cake” for today’s news...It’s about the huge ATM installation and testing going on in Iraq. Why is this so important? We were told by the CBI not too long ago the significance of that the ATMs role will play in the Project to Delete the Zeros...its all interconnected...To get petty cash they will need the ATM machines. At this time the petty cash will be set to the newer lower denominations post delete the zeros.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Television showing Saleh and other leaders of the financial services saying soon the parallel market will be gone...The only way we see this [happening] is that they give us our dinar and give us a real rate for that dinar, then that would make the parallel rate go away in what we think.  FRANK:  Iraqi citizens know what is happening.  They know the next step.

LIVE! THIS IS THE ENDGAME... BE READY FOR WORLD-WIDE PANDEMONIUM. Are You Ready?

Greg Mannarino:  6-18-2024

https://www.youtube.com/watch?v=4nIp9dgPIdM

Major US Banks Have Started Dumping Everything!

Atlantis Report:  6-18-2024

The financial situation in the United States is experiencing a significant change as major banks are selling off assets at an unprecedented rate. This move is caused by the imminent commercial real estate crisis, bad loans, and high interest rates.

This situation is not just a financial maneuver but a response to deep-seated issues affecting the stability of the banking sector.

 As banks hurry to get rid of assets, the consequences are widespread, affecting everything from the availability of credit to confidence in the financial system itself.

https://www.youtube.com/watch?v=WERFY50cJt4

“Tidbits From TNT” Wednesday Morning 6-19-2024

TNT:

CandyKisses:  Iraq talks again about electrical interconnection with Saudi Arabia

Baghdad - Iraq Today:

Prime Minister Mohammed Shia Al-Sudani discussed with the Minister of Trade in the Kingdom of Saudi Arabia Majid Al-Qasabi and his accompanying delegation several files, including the completion of the electrical interconnection between the two countries.

A government statement said that it "received Prime Minister Mohamed Shia Al-Sudani, Minister of Trade in Saudi Arabia Majid Al-Qasabi and his accompanying delegation."

During the meeting, according to the statement, they "discussed bilateral relations between the two countries, ways to enhance joint cooperation, and stressed the importance of concerted efforts to reduce tension and crises facing the region, and the need to continue joint efforts to stop the war on Gaza as soon as possible, and open humanitarian corridors for the delivery of humanitarian and relief aid."

He added, "The meeting witnessed a discussion of coordination procedures between Iraq and Saudi Arabia to hold the sixth session of the Iraqi-Saudi Coordination Council, and follow-up the implementation of the outputs of the previous session in accordance with the competence of each subcommittee, including the political, security and military committee during the coming period, and determine the date of its convening in coordination between the ministries of foreign affairs of the two countries, as well as discuss the completion of electrical interconnection according to the memorandum of understanding signed between the two countries, and follow up the executive minutes of the principles of electrical interconnection through the relevant technical committee. "

Al-Sudani praised "the efforts of the Kingdom of Saudi Arabia for the success of the Hajj ceremonies, and praised the level of services provided to Iraqi pilgrims," and stressed "the importance of reviewing Iraq's share next year, based on the population percentage approved in United Nations statistics."

For his part, Al-Qasabi conveyed "the greetings of Saudi King Salman bin Abdulaziz Al Saud and Saudi Crown Prince Mohammed bin Salman Al Saud to the Prime Minister," stressing "his government's aspiration to expand the horizons of constructive cooperation, in various fields, in a way that contributes to strengthening relations between Baghdad and Riyadh, and achieving the interests of the peoples of the two countries."

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CandyKisses:  The government announces monitoring. 13 billion dinars to support culture and arts

Baghdad - Iraq Today:

Prime Minister Mohamed Shia al-Sudani confirmed that his government has allocated more than 13 billion dinars to support culture and arts.

The Prime Minister's Media Office said in a statement that "Al-Sudani received a group of Iraqi plastic artists and sculptors on the occasion of Eid al-Adha."

Al-Sudani pointed out that "art has flourished historically in Iraq since ancient civilizations, and the cultural connection of plastic art has not been interrupted in subsequent eras, which is embodied in the important drawings left by the Iraqi artist," noting that "Iraqi plastic art is a pioneer in the Arab world, and this size and weight of artistic civilization makes the task of plastic artists and sculptors doubled, because they are the heirs of all civilizations makers in this land."

"The importance of establishing a museum of Iraqi plastic art in Baghdad," he said, noting that "Iraq has gone through stages in which the treasures of contemporary Iraqi art were looted, and we have worked to restore many of them."

He pointed out that "the government allocated 13 billion for various types of arts," stressing "the importance of holding conferences and cultural activities, because of the need of the cultural sector and in order to introduce the reality of Iraq, and the government will take care of them."

"At the request of the president of the Arab League, the Iraqi pavilion in the Arab League was awarded 15 paintings by Iraqi artists," he said.

The Prime Minister explained that "Iraq is on the right track at all levels, and the national service government has a clear picture based on a well-thought-out government program that represents an essential step to build trust between the political system and the people," stressing his approval of "a set of proposals submitted by the delegation of plastic artists and artists, regarding interest in plastic art, and its support by ministries and government institutions, and promised to form a committee to follow up on the requirements of the proposals and work to implement them."

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Tishwash: Behind the scenes of an exciting session of merchants and restaurant owners who “invested” in the exchange rate difference in Iraq

A lengthy report by the American newspaper “The National” reviewed the scenes of investing in the exchange rate difference in Iraq, where businessmen, merchants, and restaurant owners benefited by operating their money in this trade, by withdrawing the dollar from the central bank and selling it on the black market, which achieved huge and rapid profits in this way, However, the recent actions of the Central Bank caused problems between these partners due to losses.

The report, translated by “Baghdad Today,” says, “Despite recent efforts for reforms, challenges remain, and well-connected businessmen are still exploiting loopholes in the foreign currency sales window managed by the Central Bank of Iraq to make obscene amounts of money.” From the margin between the official exchange rate and the black market rate.

The National spoke to dozens of businessmen who said the strict measures had helped simplify the import process and forced many to formalize their transactions, but they said there was still room for manipulation.

One of the businessmen said: “There are still ways to circumvent the procedures,” adding that  “falsifying invoices and arrangements at border crossings and manipulating the prices of goods by setting inflated prices by exporters are among the common methods.”

In a room decorated with intricate tapestries and ornate tapestries, The National attended a tense meeting of businessmen, their faces etched with a mixture of frustration and resignation.

They have banded together to resolve a months-long financial crisis that has escalated beyond the bounds of legality, plunging them into the murky waters of clan diplomacy.

By accessing a government-run platform offering US dollars at the official rate, a businessman lured other traders with a deal promising them huge profits from the spread between official and black market rates, sources involved told The National.

With hundreds of millions of Iraqi dinars in circulation, traders received unexpected cash gains. But as the days and months passed, the businessman found himself unable to pay his debts, leaving the merchants in a precarious situation.

No official complaint was filed against him, and the businessman did not face any trial.

“It is clear that we have reached an impasse,” a representative of the businessman who lives in a neighboring country told the audience, who exchanged wary glances. "We can't continue down this path. It's time to cut our losses."

His proposal hung in the air, and was met with hesitant votes of approval.

Giving up half of the two billion Iraqi dinars was a bitter pill to swallow, but it seemed the only viable option in the face of mounting losses and uncertainty.

The owner of a famous restaurant chain in Baghdad told The National newspaper after the meeting: “We say that whoever loses half his money is not a loser.”

“At least I have half my capital in my hands – better than nothing,” he said.

“There is no business that allows you to hit the jackpot like taking advantage of the exchange rate margin in a short period of time, which is why we invested heavily with him.

He added: "Over the past months, he has been paying us on time, but it seems that he has been having problems recently."  link

Mot .... Finally  

Mot.... Dang ! -- Beeeeee Careful out dare!!! 

More News, Rumors and Opinions Tuesday PM 6-18-2024

TNT:

Tishwash:  International Finance: Economic reform in Iraq is witnessing an increasing pace and we have invested about two billion dollars

The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir told the Iraqi News Agency (INA): “The work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest approximately two billion dollars in a wide range of sectors,” noting that “our work in Iraq will extend our belief in the future prospects of Iraq and the acceleration of the pace of reform.”

"This will be reflected positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sectors."

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services. Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq, in addition to providing consulting services".

Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.” For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.”  link

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CandyKisses:  Urgent The first official holiday of its kind in Iraq next Tuesday

{Local: Al-Furat News}

On Tuesday of next week, Iraq will witness the first official holiday of its kind in the country.

June 25 falls on the 18th of Dhu al-Hijjah, and will be an official holiday in the Iraqi provinces on the occasion of Eid al-Ghadir, which was recently approved by parliament.
A member of the parliamentary legal committee, Aref Hamami, said that "the holiday will include all Iraqi provinces, including the Kurdistan region" as a federal holiday.

The Alawite holy shrine in Najaf has begun preparations to celebrate Eid al-Ghadir.
It is noteworthy that the House of Representatives voted on the law on public holidays on May 22, which includes about 11 days a year, as well as public official holidays, which are Friday and Saturday, with the authority of the Council of Ministers to cancel the Saturday holiday when necessary.

The official holidays law, which was voted by parliament, includes, Friday and Saturday as official holidays throughout Iraq, in addition to Eid al-Fitr and al-Adha, Labor Day, Eid al-Ghadir, the 10th of Muharram, the first of Muharram, the Prophet's birthday 12 Rabi' al-Awwal, New Year's Day, Army Day 6 of January, Nowruz 21 March, and 16 March was added at the last moment, which is the day or anniversary of the Halabja tragedy.

The law also granted some "dedicated" public holidays, i.e. not public, to minorities, including Jesus, Sabians and Yazidis.

The law also included the deletion of important and detailed occasions in the history of Iraq and Iraqis, including July 14, which is the anniversary of the fall of the monarchy and the founding of the republic, and two important occasions were not included in the law and were deleted, which is December 10, the anniversary of the victory over ISIS, as well as the Iraqi National Day on the third of October, which is the anniversary of Iraq's accession to the League of Nations and its official recognition as a state.

The Day of Ghadir is the eighteenth day of the month of Dhu al-Hijjah of the tenth year of the Prophet's migration, and it is the day on which the greatest Prophet Muhammad (peace be upon him) Ali bin Abi Talib (peace be upon him) was appointed successor after him.

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

Militia Man   All we're looking for now, to some degree, is when are they going show these amendments to be law.  We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts - was it June 3rd or was it the day he received it?  Do we know the exact day he received it?  I don't.   But we know our time is short...Once the amendments are passed into law, we'd like to think that prior to that they're going to expose the new real effective exchange rate and probably mention they've done the project to delete the zeros which get you the nominal effective exchange rate. 

6-18-2024   Intel Guru Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Oil experts are saying Saudi Arabia did not resign up their agreement to deal oil in US dollars.  It was an 80 year agreement...They're telling us Iraqi citizens on our television this will strengthen the local currency.  Basically they're saying that it is a float of the Iraqi dinar that is helping us get away from the American dollar so the Iraqi currency will be stronger.  FRANK:  The next step is to float.

BRICS Overtake EU: What Next?

Fastpo:  6-18-2024

In 2024, BRICS+ has significantly expanded its membership, including nations such as Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.

 This expansion enhances the bloc's economic and demographic influence on a global scale. Collectively, BRICS+ now accounts for about 37.3% of the global GDP and represents 46.5% of the world's population.

Before the inclusion of new members, the original BRICS countries had a combined GDP of $27.7 trillion, or 26% of the global GDP.

With the new additions, this figure rises to approximately $30.8 trillion, pushing their share of the global GDP to around 29%.

Moreover, in terms of purchasing power parity (PPP), the expanded BRICS now accounts for over 36% of global GDP, surpassing the G7's share.

This video delves into the contrasting approaches of the EU and BRICS, exploring how the EU's environmental and sustainability initiatives stack up against the economic ambitions of BRICS.

We examine how these differing priorities are likely to shape the future of international economic cooperation and efforts towards global sustainability.

https://www.youtube.com/watch?v=0tHPyNvfa2w

Goldilocks' Comments and Global Economic News Tuesday Evening 6-18-24

Goldilocks' Comments and Global Economic News Tuesday Evening 6-18-24

Good Evening Dinar Recaps,

The New International Valuation Standards (IVS) will become effective January 31st, 2025.

The latest version includes new chapters on:

* Data & Inputs,
* Documentation,
* Financial Instruments.

"The International Valuation Standards (IVS) are a framework used by valuation professionals in over 100 countries to ensure consistency, transparency, and confidence in valuations."

The most significant changes will result in Data Models and Money Flow by which these new mechanisms will move payments through new Digital Networks.

New valuations in currency values are part of these valuations due to new ways of doing business around the world involving the use of Local Currency over a World Reserve Asset.

The currency valuation adjustments that take place between now and then on the markets, however distorted they may get during this time, will help give rise to New Market Data that will go into the computations of these new standards.  IVSC   IVSC Standards Glossary   Linkedin

© Goldilocks
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"CHANGES TO OCC’S MERGER RULES ARE DESPERATELY NEEDED TO PROTECT THE FINANCIAL SYSTEM AND MAIN STREET AMERICA FROM TOO-BIG-TO-FAIL BANKS"

We have seen several Bank mergers the last few years, but the pace of these mergers is about to really pick up between now and the end of this year.

Did you know since the 1980s that the number of banks has declined around 70%? The anticipation of a new monetary system has been in the works for some time.

The Office of the Comptroller of the Currency (OCC) is currently working on closing loopholes, so clients in our banking systems can have better protection as we approach a deepening of the new Digital Banking System transition.  Better Markets

© Goldilocks
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Vietnam has golden opportunities to develop silver economy: expert-Xinhua

Vietnam has an aging population that will diversify their economy and expand it. Not only do they have an opportunity to grow through infrastructure opportunities, but they have the opportunity to grow inside an aging population that will engage their medical service opportunities as well.

These two aspects of Economic Development will go a long way in moving the demands of their currency to higher levels going forward.  English News

© Goldilocks

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Vietnam's outperformance relative to peers is a good news story that doesn't get enough notice. Like China, it is a communist country that has embraced enterprise and growth. Others should study its method for success.
My first Uber was in Hanoi. Vietnam welcomes trade, commerce, and innovation.  Twitter

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Vietnam is moving on up..

It looks like their Market Status is becoming a reality. | Youtube

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Hello, World!

Watch “Webinar: Latest changes to the International Valuation Standards (IVS) - February 2024” on #Vimeo | Vimeo

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Tokenization May Provide Global Markets With More Efficiency, According to SEC Commissioner | DailyHodl

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Speech by Governor Bowman on innovation in the financial system - Federal Reserve Board

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USD And Petrodollar “News and Views” 6-18-2024

Gold Is The Solution To Monetary Lies & Theft | Newman

Liberty and Finance:  6-17-2024

There's growing awareness about the corruption in the monetary system.

Precious metals, sound money, are the only solution to the lies and theft that plague our current financial system.

 In the U.S., gold and silver are becoming legal tender in numerous states.

The potential to use debit cards backed by gold is emerging and could cause a revolution in money, says Alex Newman, journalist, author, and educator.

INTERVIEW TIMELINE:

0:00 Intro

1:07 Lies & theft

6:43 AI development

 11:27 His name

14:42 Gold & sound money

https://www.youtube.com/watch?v=P3VoGrMk9QI

Petrodollar Ending: As Yellen Issues Ultimatum To Global Banks, Oil Will Be Priced In China’s RMB

Sean Foo:  6-18-2024

In a desperate move, the US treasury has labelled Russia as a war economy and threatens to sanction any global bank that deals with Moscow.

Not only is this dangerous, it will force a big repricing of Russian oil in China's currency. Here's what you must know!

Timestamps & Chapters:

0:00 Yellen Threatens Global Banks

 2:53 Russia Dumps Dollars & Euros

 5:01 Russian Oil Will Be Priced In Yuan

8:15 China's Currency Wins Big

11:02 Global South Will Ditch The Dollar

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

Hundreds More Banks Risk Failing This Summer: Nothing Was Fixed Warns Top Economist

Daniela Cambone:  6-17-2024

At this point, we have a banking system that is sick. I mean, it's just crippled,” says Peter St. Onge, a former MBA professor and Ph.D. economist.

 In an exclusive interview with Daniela Cambone, St. Onge delivers a stark warning about the fragility of the US banking system, revealing the alarming dependence on the Treasury and Federal Reserve for financial survival.

Without their support, he asserts, "the entire US banking system for sure would be bankrupt."

St. Onge also criticizes politicians for being woefully out of touch with the real issues facing ordinary Americans. "

They don't even appear to be paying attention to what the people want. They're going after farmers for cow farts when the issue is that the median voter can't afford to go to McDonald's.

I mean, they're just almost comically out of touch," he remarks.

Watch the interview to learn more about his views.

CHAPTERS:

00:00 Regional banks risk

4:44 Bailout

8:01 Assets in the banks

12:12 Jobs number

 17:48 Reality for consumers

https://www.youtube.com/watch?v=Woa_0AjpXiY

BRICS Gold Backed Unit, XRP and Membership News 6-18-2024

BRICS 2024: XRP In The Spotlight As Russia Confirms New BRICS Payment System

Geopolitical Analyst:  6-18-2024

The BRICS group is advancing its currency sufficiency scheme with the potential development of its own independent payment system.

 Is XRP In View as BRICS Bridge Currency? According to a research paper first spotted by XRP enthusiast Amelia, Russian President Vladimir Putin has confirmed that the bloc is finally moving forward with its alternative currency plan.

From the report, there are indications the bloc would explore the use of Ripple-associated XRP for cross-border settlements.

Before now, the Bank of Russia introduced a project on cross-border transfer implementation. This project reportedly considered the use of the Ripple payment system. It was perceived as an excellent basis for the development of a system for cross-border settlements for the group.

It is worth noting that XRP is known for its transaction speed and low costs. Hence, it seem like a viable system the bloc is considering to revolutionize its international payment goals.

 This move to adopt the cryptocurrency may trigger a massive jump in the price of XRP. CEO & Founder of Cryptonairz, Robert Doyle (Crypto Sensei) believes that XRP’s price may reach $10,000 if BRICS countries adopt it widely.

There is a general opinion that member countries in BRICS stands to gain so much from choosing XRP as their alternative to the United States dollars. The volatile currencies and developing economies of these nations are perceived as challenges that XRP could improve.

https://www.youtube.com/watch?v=pE3bEE7Ard

The BRICS' Plans For Proposed Gold Backed 'Unit'

Arcadia Economics:  6-18-2024

Over the past few months reports have emerged that the BRICS are now more actively moving along plans for a gold-backed settlement currency called 'The Unit.' Which has the potential to impact the current monetary regime if implemented as proposed.

 And to find out what's really happening, and separate fact from fiction, I'm joined by Matt Riley of EF Bullion, who was warning about what we're seeing now long before it was reported anywhere else.

So if you've been hearing about the BRICS potentially moving forward a gold-backed currency, and want to know whether that's really a possibility, you'll want to click to watch this video now!

https://www.youtube.com/watch?v=gCApVn3paiA

MAJOR BRICS Update: The Plan is Working Per the IMF

Taylor Kenny: 

In this Week’s News, Taylor Kenney explores the latest developments within the BRICS bloc, highlighting more Countries interested in joining the coalition.

With the BRICS bloc growing, it poses as a significant threat to the U.S. dollar's dominance, a concern echoed by the IMF's latest data.

With emerging markets increasingly trading outside the dollar and central banks hoarding gold, the landscape of global economic power is rapidly shifting.

Stay tuned to learn how these changes could impact the future of the U.S. dollar and global trade.

https://www.youtube.com/watch?v=vcWkOcwg5Bc

Goldilocks' Comments and Global Economic News Tuesday AM 6-18-24

Goldilocks' Comments and Global Economic News Tuesday AM 6-18-24

Good Morning Dinar Recaps,

Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Monday, June 24 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters.

Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

The Commission will consider the following:

Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom

Applications of ForecastEx LLC for Registration as a Derivatives Clearing Organization and a Designated Contract Market   CFTC    Live Stream

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Stellar: Blackrock and Franklin Templeton Fuel Tokenized Treasury | Crypto News Flash

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JUST IN: Cryptocurrency Earthquake at SEC - Head of Crypto Unit Resigns - Bitcoin Sistemi | Bitcoin Sistemi

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June 17, 2024 Goldilocks' Daily Breakdown Podcast Link

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Mastercard Collaborates with Thought Machine to Modernize Banking | Finance Magnates

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“Tidbits From TNT” Tuesday 6-18-2024

TNT:

Tishwash: Basra's wish: The stability of the governorate makes it an attractive city for international companies

The security committee in the Basra Governorate Council confirmed the stability of the security situation in the governorate.

Committee member Ali Talib told Al-Furat News Agency, "The security situation in Basra has had a positive impact on its status, as it has become one of the cities that attracts diplomats and ambassadors, in addition to the presence of major international oil companies in the province, and they are now working in Rumaila."

He added, "The security situation is very good in the governorate and allows all companies to work and invest in it."  link

Tishwash:  Iraq is the first Arab country in developing oil pipelines

Iraq ranked first, as the most developed Arab country for oil pipelines, according to data issued by the specialized Global Energy Monitor platform, until May 2024.

The Arabian Gulf is among the most important regions witnessing oil pipeline construction projects globally, in light of the leadership role it plays in the global market and its possession of huge crude reserves.

Iraq topped the list of the most developed Arab countries for oil pipelines, and the oil pipeline projects - proposed and under construction - reach 3.83 thousand kilometers, divided between 75 kilometers under construction and 3.756 thousand kilometers proposed.

The marine export pipeline project, with an investment cost of $416.9 million, is scheduled to be implemented during the years 2024 and 2025, and will be implemented by the Dutch company Royal Boskalis.

This comes as the country implements plans to increase its oil production to 8 million barrels per day by 2027, contributing to Iraq topping the list of the most developed Arab countries for oil pipelines.

It is noteworthy that Iraq has about 15 lines for transporting oil, with a length of 2.09 thousand miles, and 10 lines with a length of 1.53 thousand miles for transporting petroleum derivatives, according to data issued by the Organization of Arab Petroleum Exporting Countries (OAPEC). link

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CandyKisses:  Shameless and unacceptable statements... Al-Sahhaf calls for restraining the American ambassador

Information / Baghdad.

The spokesman for the popular legal movement, Mohammed Al-Sahaf, on Tuesday, rejected the US trusteeship over Iraq, calling on the government to rein in the new US ambassador Tracy Jacobson.

Al-Sahhaf said in a statement to the Information Agency that "the new US Ambassador Tracy Jacobson's provocative statements have floated a set of UN resolutions."

He added that "the intervention of the new Washington ambassador to Baghdad is negative and reprehensible and a clear interference in the affairs of a sovereign state," noting that "the Iraqi people reject the American trusteeship of Iraq."

"The US ambassador's statements are rude and unacceptable, and it is not the Iraqi people who are subject to US tutelage," he said.

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Tishwash: Parliamentary Legal: Representatives enjoy vacation and there is no emergency session

 The head of the Legal Committee in the House of Representatives, Rebwar Hadi, confirmed today, Monday (June 17, 2024), that there will be no emergency session to elect a Speaker of the House of Representatives.

Hadi told "Baghdad Today", "Members of Parliament are now enjoying the legislative recess, and there is no talk of an emergency session regarding the election of a Speaker of Parliament."

He added, "The issue of choosing a speaker for parliament requires political consensus, and there is no consensus yet regarding choosing the president."

It is noteworthy that the position of presidency of the House of Representatives has been vacant for more than 7 months, with the House failing more than once to elect a president due to the lack of consensus among the Sunni forces in electing one of the candidates.

In the latest developments in the file, the representative of the Al-Fatah Alliance, Mukhtar Al-Moussawi, confirmed on (June 9, 2024) the existence of a political consensus to resolve the election of the Speaker of the House of Representatives after the Eid Al-Adha holiday.

Al-Moussawi told "Baghdad Today", "There is a political consensus to resolve the election of the Speaker of the House of Representatives after the Eid al-Adha holiday, and there is no intention to keep Mohsen al-Mandalawi on the part of any party in the coordination framework."  link

Mot: Solar and Wind together - Who Could Ask fer More!!!!  

Mot: .... how bout sum -- International Potholes

Goldilocks' Comments and Global Economic News Monday Evening 6-17-24

Goldilocks' Comments and Global Economic News Monday Evening 6-17-24

Good Evening Dinar Recaps,

The stock market has finally reached a topping phase. Look for the markets to begin leveling out and retracting at any moment.

Long-term fundamentals indicate that we are heading into a reset zone. These zones do not happen overnight and can sometimes take months to complete their cycles.

Even though most stock assets have turned towards a downward trend, the tech stocks in NASDAQ are holding many of the indexes up at the moment.

Many tech stocks are currently overvalued, so it is important that we watch this sector of the market as well closely.

We are currently in a tech bubble, but all bubbles do burst. The only thing keeping this Market from going to its real values lies in the fact that the government keeps pumping it with money.

Even if money does continue to be placed into the system to hold it up, I want you to know that we are heading into a movement that will take us into real values behind the scenes.

© Goldilocks

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E140: What Really Happens to Infinite Banking if the Dollar Collapses or Hyperinflation |  Living

👆  Goldilocks pointed to this article

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"XRP Officially Decouples From Bitcoin"

In financial markets, decoupling happens when the returns of one asset class moves in a different direction from their expected or normal pattern of correlations with other assets.

The days of XRP and Bitcoin rising and falling together appears to be taking new paths. Perhaps, Ripple is about to leave the nest.

Is XRP developing a life of its own based on its support levels or financial support systems giving it life?

Maybe, just maybe, we have a new leader of the pack. Ripple appears to be ready to "run with the wolves."   Trading View

© Goldilocks

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