110 million people from Asia Joining BRICS: What next?

110 million people from Asia Joining BRICS: What next?

Fastepo:  6-20-2024

Malaysia and Thailand have both shown interest in joining BRICS, a coalition currently comprising Brazil, Russia, India, China, and South Africa.

 The group is expanding, with five new countries—Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—joining the bloc since January 2024.

This expansion aims to enhance the bloc's economic and geopolitical influence, offering new opportunities for member nations to engage in trade and cooperation outside of Western-dominated frameworks.

As of June 2024, both Malaysia and Thailand exhibit significant economic advantages that enhance their positions in the global economy.

The Malaysian economy is projected to grow by 4-5% in 2024, driven by resilient domestic expenditure and a diversified economic base

. Malaysia has successfully transitioned from a commodity-based economy to one with robust manufacturing and service sectors.

The Thai government has implemented measures to boost liquidity and economic growth, including a proposed $102 billion budget to revive the economy.

These measures aim to stimulate domestic demand and support economic recovery.

Malaysia is on track to achieve high-income status between 2024 and 2028, reflecting sustained economic transformation and development. This progress is supported by a low unemployment rate and significant strides in poverty reduction.

Additionally, Malaysia’s strategic geographic location and strong geopolitical relationships enhance its trade capabilities, particularly in electronics, automotive, and palm oil production. Thailand’s robust trade relationships with major economies like China and India position it as a key player in regional and global markets.

Exports to these countries include a wide range of products such as automotive parts and chemicals, showcasing Thailand's diversified export base.

In this video, we will examine how the inclusion of Malaysia and Thailand will create mutual benefits for both these countries and the existing BRICS nations.

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

Economist’s “News and Views” Thursday 6-20-2024

BRICS Announces Massive Trade Agreement to Ditch the US Dollar

GeoPolitical Analyst:  6-19-2024

The BRICS economic alliance has announced an extensive trade agreement that will effectively ditch the US dollar.

The collective settled on an agreement with a plethora of outside nations to settle trade dealings in their national currencies, circumventing the use of the greenback. The agreement includes all BRICS nations as well as Thailand, Laos, Sri Lanka, Kazakhstan, Venezuela, and Bolivia.

Moreover, it becomes one of the bloc’s most extensive de-dollarization policies in its history. Its presence should only be magnified by the impending arrival of the bloc’s independent payment system.

Over the last two years, the BRICS economic alliance has grown tremendously. The grouping has sought to increase its relevance on a global scale and introduce an increasingly multipolar world. A massive part of those efforts are connected to the introduction of landmark economic policies.

Now, the alliance has announced a monumental development that could have immense ramifications for global finance.

 Specifically, BRICS announced a massive trade agreement at this week’s Foreign Ministers Meeting that would ditch the US dollar for all alliance trade settlements.

The nations included will opt to settle all trade with national currencies as opposed to Western alternatives.

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

Fixed Prices? Price Controls? Shortages? Rationing? ITS ALL COMING...

Greg Mannarino:  6-20-2024

https://www.youtube.com/watch?v=_2QvMJciA80

‘The End Of Fiat Currencies As We Know It’ | Gary Wagner

David Lin:  6-19-2024

Gary Wagner, Editor of TheGoldForecast.com, discusses his outlook for inflation, gold, monetary policy, and the impact of AI on our economy.

0:00 - Intro

0:55 – Inflation

 9:44 - Consumer sentiment

12:00 - Fed monetary policy

15:32 - Stocks

20:25 - Gold and fiat

https://www.youtube.com/watch?v=85d-2YUYaxM

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Good Morning Dinar Recaps,

"Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.

Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances.

Many of the 19 countries currently exploring a CBDC are at the research stage. Bahrain, Georgia, Saudi Arabia, and the United Arab Emirates have moved to the more advanced “proof-of-concept” stage. Kazakhstan is the most advanced after two pilot programs for the digital tenge."   IMF

Per conversations Dee, Sam, and I have had with our CBI contact, Iraq will be using CBDC for Cross-Border Trading.

© Goldilocks

👆 Iraq is not ready yet.
~~~~~~~~~

Iraq to repatriate all its citizens from al-Hol refugee camp in Syria

BAGHDAD, June 18 (Xinhua) -- The Iraqi government on Tuesday has decided to return all Iraqis from the al-Hol refugee camp in Syria, the official Iraqi News Agency (INA) reported.

Karim al-Nouri, deputy minister of the Ministry of Migration and Displaced, told the INA that the "total number of refugees in the al-Hol camp is more than 50,000 people from different countries, including 20,000 people from Iraq."

He said that the Iraqi government had established a high-level committee to scrutinize the security situation of the refugees.

Al-Nuri also said that those returning from the al-Hol camp would go through community rehabilitation programs at the al-Jada'a camp in Iraq's northern province of Nineveh, stressing that about 3,000 people so far have returned to their homes in Iraq, according to INA.

The al-Hol camp is known to be housing refugees, with a significant number of them being family members of IS militants. ■    English News

~~~~~~~~~

READ PDF HERE 

ESMA75-453128700-949_Final_Report_MiCA_cooperation_technical_standards.pdf

Final MICA Standards Announcement:

The European Banking Authority (EBA) delivers their final group of MiCA Technical Standards just before the June 30th, 2024 deadline for their digital regulations to become law.

Reference
ESMA75-453128700-949
Section
Digital Finance and Innovation
Guidelines and Technical standards
Type
Final Report
Main Document
ESMA75-453128700-949 Final Report on MiCA cooperation technical standards
(EN)
Style
ESMA document

There were 14 technical standards and 3 guidelines finalized and published. This completes EBA's delivery of their technical standards under MiCA.   Esma Europa

© Goldilocks

~~~~~~~~~

https://x.com/DROPZXRP/status/1803739866741522574

~~~~~~~~~

"As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite."

The division of money flows has been taking place for some time, but we are beginning to clearly notice a new Economic Continental Divide.

Trading routes have been rerouted these last few years, and bilateral free trade agreements have been signed.

The emergence of a multi-polar Global Economy is beginning to be realized through countries supporting their own payment systems with the use of their own local currencies over the World Reserve Dollar.

With a new Digital Monetary System coming into play with Real World Assets backed by commodities and easy access to a fractionalized monetary trading policy, the expectation of a world with solid currency (Gold) through tokenized asset values is becoming a reality.  WolfStreet   Investopedia

© Goldilocks

~~~~~~~~~

ISSA survey shows rising strategic importance of DLT adoption - Ledger Insights - blockchain for enterprise

~~~~~~~~~

Bank of America finds younger investors prefer crypto, alternatives to stocks - Ledger Insights - blockchain for enterprise

~~~~~~~~~

Ripple CEO Predicts End of XRP Lawsuit This Summer | Crypto News Flash

~~~~~~~~~

Investors around the world are dealing with new trading mechanisms that are beginning to reroute money flows through a new digital asset-based trading system.

The movement of money is not the same. New digital accounting regiments are changing the direction of money based upon new re-entrances of local currencies being traded abroad.

At the end of this month, we're going to have guidelines, regulations, and new laws to change the way we do business.

Don't blink, it is happening right before your eyes.

© Goldilocks

~~~~~~~~~

Nomura’s Laser Digital to Offer Crypto Trading, Asset Management in Abu Dhabi | Finance Magnates

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

“Tidbits From TNT” Thursday 6-20-2024

TNT:

CandyKisses: Demand to prevent the new American ambassador from entering Iraq

Information / Baghdad.

A member of the popular legal movement, Ahmed Shahid al-Shammari, called for preventing the new US ambassador Tracy Jacobson from entering Iraq because of what he described as her blatant interventions.

Al-Shammari said in an interview with the Information Agency that "the new US ambassador Tracy Jacobson is undesirable popularly, indicating that the blatant US interventions are aimed at destabilizing Iraq."

He added that "the US administration is still continuing its interference in the internal affairs of Iraq in various security, political and even economic fields, and is trying to use the file of terrorists again to provoke the Iraqi street," calling on the government to Prevent the entry of the new ambassador to Iraq and accept her as ambassador to her country in Baghdad.

Calls began to be made to the Iraqi Government and the Presidency not to accept Jacobson as the United States ambassador to Iraq because of her statements, which are blatant interference in the internal affairs of Iraq. 

Tishwash:  An “extraordinary” meeting of the armed factions in Iraq regarding the American presence.. What about the truce?

The "Iraqi Resistance Coordination Committee", which includes a number of armed factions allied with Iran, announced the holding of a meeting, which it described as "extraordinary", to discuss the issue of the American presence in Iraq, as it confirmed its ability to end it "by all means" during the first meeting of its kind since the cessation of bombing operations and targeting of interests. The US has been in Iraq for more than five months, as the Iraqi arena is witnessing a calm state of security.

Since the beginning of last February, the "Iraqi Resistance" factions have entered into a truth with the American side following their assassination of the leader of the Iraqi Hezbollah Brigades, Abu Baqir al-Saadi , and no operation has been carried out against American interests Since that period, despite the continued activity of American aviation. Flying in Iraqi airspace, especially in Baghdad, Anbar, and the Kurdistan region of Iraq.

The Iraqi Al-Nujaba Movement, which is part of those factions, confirmed at the time that “societal, political and religious pressures” pushed for what it called “calm” with Washington, to pave the way “for the Iraqi government to take the initiative towards developing solutions to end the presence of the coalition.” international in the country. The leaders of the armed factions are awaiting the results of the work of the Iraqi-American Military Committee, which is responsible for assessing the field situation in Iraq and the threat of the terrorist organization ISIS, and setting a date for ending the presence of the international coalition.

In a statement, the first of its kind since the armistice, the coordination stated, last night, Wednesday, that it “held an extraordinary meeting to discuss events in the region in general and in Iraq in particular,” indicating that it discussed what it called “the opportunity that it gave the government - more than four months ago.” “Including scheduling the withdrawal of the American presence from Iraq.”

Criticism of the American presence in Iraq

She explained, "The attendees stressed the need to continue moving forward to achieve the country's autonomy, after the enemy's procrastination and stubbornness, so that it remains occupying our land, despising our skies, controlling the security and economic decisions, and interfering in Iraqi affairs with all reccklessness and arrogance, as if he does not know what awaits him after this opportunity," stressing that "The Iraqi people, their proud resistance, and loyal politicians, tribesmen, and people's representatives are able and determined to end this file and close it, using all available means, to restore security and stability, and achieve full autonomy.”

The “Coordination Committee” did not reveal a clear position regarding the truth or whether it was considering ending it, but a government source confirmed that “an agreement was made with the factions to stop all attacks until the file of the American presence in Iraq is resolved, which is the file that the Iraqi government and the American side are working on,” indicating. He told Al-Arabi Al-Jadeed, on the condition that his name not be mentioned, that “the facts had previously provided guarantees to the government not to violate the truth until the issue was officially resolved.”

The source confirmed that “to date, no notification has reached the government from the facts of their intention to carry out specific attacks, which means that the guarantees are still in place,” noting that “the government is following up on the file and will soon hold subsequent meetings with the American side in light of anticipated reports of the American-Iraqi Committee.” .

Iraq is an arena of conflict

The candidate to assume the position of US Ambassador to Baghdad, Tracy Ann Jacobson, said that “the militias allied with Iran are the main threat to Iraq,” as she stressed, in her opening speech before the Senate Committee on Foreign Relations, several days ago, the importance of enhancing stability, security, and independence. Iraq, considering that ISIS still poses a threat in the region, and that the US Army is still providing support to the Iraqi security forces.

Anne Jacobson also stressed the importance of Iraq strengthening its relations with its neighbors, and that “the presence of economic development, and a government capable of providing services to its people, reduces the attraction of terrorism” and also reduces the influence of militias allied with Iran, which she said “pose a great danger to the future of the country,” considering “Iran is a malicious actor in Iraq and destabilizes the region,” she added, adding: “We realize that the main threat to Iraq is the militias allied with Iran.”

Talks between Baghdad and Washington began last January, less than 24 hours after three American soldiers were killed in an attack in Jordan. The United States said that it was carried out by extremist groups allied with Iran in Syria and Iraq, which prompted Washington to carry out retaliatory strikes in Iraq that resulted in the assassination of prominent leaders in the armed factions, which prompted them (the factions) and the political parties associated with them to escalate their demands to remove the coalition forces from... The country.

The first round of bilateral dialogue between Baghdad and Washington, which was held in Baghdad, on January 27, led to an agreement to form a joint military committee to review and end the coalition mission and move to bilateral security relations, in light of the widespread criticism against the American presence in Iraq.   link

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

Tishwash: IBBC Conference: Much To Celebrate In Iraq As Energy Takes Centre Stage

IBBC's ( Iraq Britain Business Council) 15th Anniversary Conference. Much to celebrate in Iraq as energy takes centre stage.

IBBC is celebrating 15 years in Iraq at a time when Iraq is moving into a new prosperous and stable era. IBBC Spring conference at the Mansion House on 2nd July will reflect our members diversity and the modernisation that Iraq is currently experiencing.

With an expanding stable Economy and a service sector growing at 6% pa, Iraq is diversifying beyond its core energy sector and opportunities to invest have rarely been so healthy.

Of note is the presence of key delegates: H.E. Hayan Abdul Ghani Al-Sawad, Deputy Prime Minister & Minister of Oil, Ministry of Oil, H.E. Mr. Ali Mohsin Ismail Al Alaq, Governor of the Central Bank of Iraq, H.E. Mr Asaad Al Eidani, Governor of Basrah, Dr Fareed Yasseen, Iraqi Climate Envoy, Eng Adil Karim , Deputy Minister of Electricity, KRG ministers and keynote address from The Rt Hon Lord Howell of Guildford.

The Iraqi economy is quietly diversifying, with the evolution of services, travel, tech, and retail sectors, but the dominant energy sector is also evolving, with new players technologies and climate reduction activities. Oil and Gas are still at the centre of this conference and Iraq's economy, with the IBBC Energy Panel, which see the big players in energy policy and practice including Dr Luay Al Khateeb , Centre on Global Energy Policy - Columbia University , Ms Dunia Chalabi, TotalEnergies, Mr Zaid Elyaseri from BP, Mr Andrew Wiper from Basra Gas Company, Mr Hasan Hashmat from Hydro-C and Mr Ellis Renforth from Wood Plc

IBBC as champions of best practice and the private sector publish special reports and white papers for reform, and this conference ' Insights and Opportunities' will launch our latest reports from Professor Frank Gunter, IBBC Advisory Council, on Foreign exchange, banking reforms and de-dollarisation: 'Two Cheers for Iraq: The Dinar - Dollar Exchange Rate Challenges' and a new report on emergent agricultural initiatives through IBBC's Agritech committee with the Agriculture Minister.

Ministers will also address the procurement opportunities across $400bn Government investment in key sectors, agriculture, transport, infrastructure, and you will hear about regional development at special roundtables with KRG Ministers and the Governor of Basra.

Special education and skills sessions will follow two GOI MOU's with IBBC and last year's focus on integrating and adapting education skills and curriculum to the business requirements of a modern economy.

Transport too is booming, through the ports, where electronic trade has seen a 128% increase, and the dry canal project linking Basra to Turkey and the Mediterranean, silk road and European markets. The project will have profound impact on cities along the route and for both import and export trade. IBBC members CJ-ICM and Sardar Group will inform us of activities and the evolution of electronic and port management systems already in place (see our '23 report on ports ).

Opening the conference the President of the Confederation of British Industry (CBI) Rupert Soames OBE gives a keynote speech from the British industrial perspective, and as a previous member of IBBC is well placed to comment of UK's business relationship and opportunities with Iraq.

Delegates will always find significant networking opportunities and the reception on 1st at the Mansion House celebrates IBBC's 15 years with a special exhibition on Gertrude Bell and our members activities, it's also the best informal networking opportunity among delegates, speakers and founder members and the chance to forge new friendships.

Iraq now enjoys a stable and focused government intent of reconnecting with the region, fiscal surpluses that are converting into new infrastructure projects, and a growing more prosperous population, keen for modernisation and the benefits of a consumer economy.

IBBCs membership matches this diversity, and the lineup of speakers and topics reflects today's Iraq. View the agenda here , and to register to attend the conference. We are certain there will be big demand for tickets register now to avoid missing out.

Join with us and share the insights and opportunities that a modern and stable Iraq now offers. link

Mot: Siiiiiiiiiiiggggggggghhhhhhhhhhhhhhh!!!!!

Mot:  . And -- Just Like That!!!! Pooooooooooooooooof!!! 

News, Rumors and Opinions Thursday AM 6-20-2024

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 Special Restored Republic via a GCR Report as of Wed. 19 June 2024

Compiled by Judy Byington

Predicted Timing of Events: (Opinions and Rumors)

On Sun. 9 June 2024 Saudi Arabia refused to renew the US Inc. Petrodollar Contract

Wed. 19 June 2024 Dinar Revaluation: Iraqi PM Sudani announced on Iraqi TV that before the end of the holiday on Wed. 19 June, that Iraqi citizens will have their new exchange rate, including access to the new ATM’s and the lower denominations. The Dinar Revaluation was the Kingpin that would set off a Global Currency Reset to gold/asset-backed currencies for 209 Sovereign Nations.

On Sun. 23 June 2024 the US Dollar would devalue, paving the way for a Global Financial Crisis according to a Banker.

Global Currency Reset: (Rumors and Opinions)

Wed. 19 June 2024 Wolverine: “Now you all know why it has started guys.

Bond holders are getting paid and I’m very sure that either today or tomorrow those notifications for Tier4b (Us, the Internet Group) will be coming out. …I received a message from Zurich that it started a while ago. For us in Tier 4B we are to get it this week.”

Also I like to take a chance to thank Phil, Dr Kia Pruitt and above all Nancy Drew for bringing us all the live videos from Facebook on what’s happening in Washington as she was our RV reporter that broke the story.

~~~~~~~~~~~

Mon. 17 June 2024 RV Highlights Holy Ground Chat:

From Bond Banker Contact in Brazil: The Pentecostal Group is a group above the currency holders. It was notified in Dec. 2023 and finalized in Jan. 2024. I’ve not heard from them since they were on their way to the airport for payment.

The St. Germaine and Rodriguez Trusts have been open for some time and paying the country’s debts, which is NESARA/GESARA.

Dubai 1 and Dubai 2 have been paid.

The Farmer’s Claims started Dec. 23 2023.

Global Bond movement did not start until Jan. 2024.

Global Bond payments started March 2024.

The Whales, the huge Bond Holders have seen 1% in their QFS Accounts for a year or longer. They were not able to have access to the money until March 2024.

The GCR has started and continues. Now we as currency holders have to wait for our payout, which is not far behind.

MarkZ stated that he had heard that the 1% for the Whales, for the Historical Bonds, had been funded. I have received three other confirmations of that. Just because they are funded does not mean that the actual individuals have the money in their hands/accounts as it goes into a Escrow Account and they have to work with the Paymasters to prove that they don’t have any financial situations that need to be resolved, or are criminal (problems), but they have been funded that 1% and said that the back wall was the 15th of June. And it was the 15th of June. They adhered to that date.

Someone else said that he had heard that when it got to that point, that we were still two weeks out from that point.

Another person said they had heard 48-72 hours from that date of June 15th.

We are in the window right now. That would be the first opportunity for any notifications to come out, but it could also be two weeks.

I’ve also heard from a couple of high sources that there is supposed to be a big party on July 4.

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

Tues. 18 June 2024 MarkZ: “Sources close to the US Treasury seem to be clouding the timing, telling different groups different things. …I’m getting information on some really weird things that are going on. People with good credit and good incomes are having their loans not approved. I got from many sources in Reno that Sat. 15 June 2024 evening they released 1% to Bond Holders. That should kick off a cascade event.”

Mon. 17 June 2024 TNT: “Over the weekend the old ATM’s in Iraq were emptied out by the CBI, replaced with new machines, and loaded with the new, lower Dinar denominations. On Mon. 17 June 2024 Sudani announced on Iraqi TV that before the end of the holiday, which was Wed. 19 June, that the Iraqi citizens will have their new exchange rate and access to the new ATM’s and the lower denominations.”

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

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

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

Mnt Goat   Do they have to RV to make the budget work?  If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars.  If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries?  ...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.

Frank26  [The new ATMs] are everywhere now.  It's not hundreds, it's not thousands, it's tens of thousands of  them.  They are everywhere that an Iraqi citizen can walk to.  They are at their hookahs...mosques, barer  shops...street..banks...corners, they're everywhere...There's going to be a massive rush going into the banks.

Walkingstick  $4.9 billion for a pipeline in the budget...Didn't you say it was 6.5 billion dinars?  'Yeah.'  And you're saying it equals $4.9 billion? 'Yeah.'...They told the world...6.5 billion IQDs is equivalent to $4.9 billion...6.5 divided by 4.9 it comes out to 1.32 or $0.76...You don't have to think anymore after this...That's billions to billions not trillions to millions.  That's a rate change...You're telling the world this.

The System Is Coming Apart | Gregory Mannarino

Liberty and Finance:  6-19-2024

The mainstream media and public institutions continue to spread lies and distractions, says Gregory Mannarino 

The current financial system is coming apart, he notes, and the banking system is in full blown crisis mode.

The whole financial system is being consolidated, he argues. The government is allowing certain institutions to fail to the benefit of larger corporations.

He discusses how to remove yourself from the propaganda and protect yourself from the crisis that's upon us.

INTERVIEW TIMELINE:

 0:00 Intro

2:00 Lies and distractions

20:00 Dependency and illusion of freedom

29:19 Getting back to basics

https://www.youtube.com/watch?v=xT0TYYiY4Ws

Danielle DiMartino Booth: Fed Doesn't Have a Snowball's Chance in Hell of Achieving a Soft Landing

Danielle DiMartino Booth: Fed Doesn't Have a Snowball's Chance in Hell of Achieving a Soft Landing

Palisades Gold Radio:  6-19-2024

Tom welcomes back Danielle DiMartino Booth to the show to discuss de-dollarization and its implications for the US economy.

Danielle argues that while concerns over countries moving away from the US dollar system have been ongoing for a long time, the US dollar remains dominant in global transactions due to its vast liquidity pool and lack of competition.

She advises investors to diversify during financial crises instead of doubling down on dollars. The conversation touches upon the Federal Reserve's actions, with Danielle expressing concerns about potential policy errors regarding inflation and outdated data usage.

Danielle discusses employment statistics, mentioning that hard data from the Quarterly Census of Employment and Wages (QCEW) plays a significant role in revisions to non-farm payrolls and Gross Domestic Product (GDP).

 She expresses concern over the Fed's reliance on outdated data and potential late action.

The conversation also covers concerns about risks for regional banks, rising bankruptcy rates, and imminent student loan delinquencies. She also discusses signs of a potential recession, including slowdown in credit card spending, increasing charge offs, and decreasing employment levels.

 Despite some optimistic predictions, she express skepticism due to the weak economic foundation and the Fed's role in combatting inflation with varying opinions on its likelihood.

Time Stamp References:

 0:00 - Introduction

0:45 - Dedollarization Trends

2:47 - Global Dollar Trade

5:49 - Reserves and Data

 8:57 - Fed & Global C.B. Cuts

10:49 - Fed & 2024 Elections

12:55 - Consumer 'Health'

 13:58 - Fed Revisions & Data Lag

 19:44 - Bankruptcies & Inflation

23:44 - Problems Not Priced-In

25:27 - Regional Banking Risk

28:47 - Bigger Banks & Losses

 32:52 - Credit Card Spending

 34:52 - Deep Long Recession

 37:40 - Fed - Hard Landing

38:55 - Inflation Targeting

41:09 - Wrap Up

Talking Points From This Episode

- The US dollar's dominance in global transactions is due to its vast liquidity pool and lack of competition.

- Investors are advised to diversify during financial crises instead of relying on dollars. - Concerns over the Fed's policy errors, outdated data usage, and potential late action in addressing economic issues.

https://www.youtube.com/watch?v=RyDMGo3eUT8

More News, Rumors and Opinions Wednesday PM 6-19-2024

TNT:

Tishwash:  Kurdistan Federation: Legislating the oil and gas law will resolve the disputes between Baghdad and Erbil

 The spokesperson for the Patriotic Union of Kurdistan parliamentary bloc, Suzanne Mansour, said on Wednesday that legislating the oil and gas law would be sufficient to resolve the disputes and outstanding issues between Baghdad and Erbil.  

 Mansour said in an interview with the Maalouma Agency that the oil and gas issue has been stuck between Baghdad and Erbil for many years, noting that “recourse to the constitution lies in legislating the oil and gas law.” 

She added, “The draft oil and gas law is still with the government and we are waiting for the law to be enacted in the House of Representatives,” noting that “approving the law would regulate the relationship between Baghdad, Erbil, and the oil.” -producing provinces.”

She continued, “There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law.”   link

Tishwash:  “K” Company: The rise in electronic transactions develops the financial sector

The International Smart Card Company “K” described the rise in electronic transactions as a victory for the financial sector, which seeks to develop the financial sector.

An official source in the company said that government support and the Central Bank of Iraq had a positive impact on expanding the electronic payment base, which coincided with the company's plans aimed at continuously developing performance and benefiting from the global developments witnessed by the financial sector.

He added that the company's work team continues to provide performance and develop new services that suit the needs of customers, both companies and citizens.

He pointed out that the Iraqi market represents fertile ground that requires more effort, especially as there is a great desire to continue global developments in developing the financial sector.  link

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

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.

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

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

Frank26   Article:   "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"  If you change the oil map, you change the exchange rate/the value of the currency of Iraq.  Quote:  "Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)"  I don't need to go any further than that...1.32 is what the citizens of Iraq are potentially in a position to receive.  This article proves that there's a different rate in the budget...

Militia Man   Article:  "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"  Quote: "Included the project of this new pipeline with an estimated amount of 6.5 billion dinars or $4.9 billion."  Think about what they just said, 6.5 billion Iraqi dinar equates to $4.9 billion...It is like saying the dinar is worth 1.32 to $0.76...That to me will be considered a REER.(Real Effective Exchange Rate)

BRICS UPDATE: BRICS Bank Forum Signals Expansion of BRICS Lending Into Emerging Markets

Lena Petrova:  6-19-2024

https://www.youtube.com/watch?v=6xYsA4nOplU

Preparing for the Imminent Debt System Collapse with Francis Hunt

ITM Trading:  6-19-2024

Francis Hunt, also known as the Market Sniper, discusses the ongoing financial collapse and the importance of investing in gold. He explains how the U.S. dollar's strength masks underlying issues in the debt markets and why gold is a safe haven.

Hunt uses diagrams to illustrate the complexities of the financial system, highlighting the dangers of holding U.S. treasuries and the significant accumulation of gold by major players like China.

He warns of an impending collapse and advocates for physical gold as protection against systemic failure.

https://www.youtube.com/watch?v=WV1gLiyOiHU

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

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

Good Afternoon Dinar Recaps,

Vietnam transitions to a cashless society

Visa’s Consumer Payment Attitudes Study 2023 indicates a significant rise in cashless payments, especially mobile wallet transactions, among Vietnam’s merchants.

A remarkable 79% of food and dining establishments and 74% of retailers and convenience stores now accept cashless payments.

Meanwhile, Visa’s Asia Pacific Small and Medium-sized Business (SMB) Research 2023 further indicates that over 40% of SMBs in Vietnam now accept card payments, acknowledging their critical role in business operations.   VOV World    Twitter

~~~~~~~~~

mBridge EVM compatible…

(Ethereum Virtual Machine)

Presentation from BIS

Innovation Hub showcase….

(Circa May 2024)

#XRP #XRPCommunity

~~~~~~~~~

Issue Date: June 14, 2024     File Number: S7-13-22 

Rulemaking: Special Purpose Acquisition Companies, Shell Companies, and Projections Corporation Finance
 
Status: Final Rule: Special Purpose Acquisition Companies, Shell Companies, and Projections; Correction

Today, the SEC registers the Final SPAC Rules. SPAC stands for Special Purpose Acquisition Company. SPAC is a company that raises money in an Initial Public Offering (IPO) to acquire a private company and take it public.

SPACs are also known as blank-check companies that provide money for startup companies preparing to offer new technologies (digital assets) on the QFS.   The registering of this final rule will enable many technological advances to begin and be placed on the QFS.

Here comes liquidity for our new tokenized assets.  SEC    KPMG

© Goldilocks

~~~~~~~~~

What is a SPAC? | Barrons

~~~~~~~~~

Today the Independent Evaluation Office (IEO) of the International Monetary Fund (IMF) concluded that newer IMF policy areas such as governance, social spending, digital money, climate change, and gender are leading to “serious” challenges, including overburdening staff. That’s because the expansion of activities beyond its traditional areas has happened with “limited resources and expertise”, including a more or less flat budget in real terms. However, the Board approved each of the expansion areas.   Ledger Insights   IEO   IMF

👆 Do you see an urgency here?

~~~~~~~~~

Putin arrives in North Korea, vows to boost cooperation and fight sanctions — Radio Free Asia

~~~~~~~~~

This direct trade in local currencies was not only aimed at expanding bilateral trade to $100 billion under their free trade pact but also meant to develop a mechanism and ecosystem of directly dealing in two currencies. It was presumed to cover around 20-25 per cent of trade in local currency initially. However, the first deal that happened in Indian rupee-UAE dirham was an oil deal. | RFA

~~~~~~~~~

Indonesia Stock Exchange Partners with Nasdaq to Upgrade Market Infrastructure

Sunandar, Director of Information Technology and Risk Management at IDX said: “With this trading system and technology infrastructure upgrade, we envisage becoming more competitive and staying attractive for both domestic and international investors. We believe this partnership will speed up the modernization advancement of the Indonesia capital market while supporting sustainable economic growth.” | Financial Post

~~~~~~~~~

As we approach the elections, the markets are going to start showing their true colors. Bank mergers will increase as we leave behind the old Financial System and move into a new Digital Economy.

China and Russia have sold most of their US bonds. Now, we are witnessing the beginning stages of Japan doing the same. China and Japan have been huge Bond holders of the US debt instrument. And now, Japan wants to begin selling their bonds for Bitcoin. I bet you didn't see that coming. 😂

Many of the US Banks are holding a significant amount of unrealized debts that will go against their banking net worth. Our Government has been attempting to swap out many of these maturing bonds with new bonds holding a higher rate of return.

This still doesn't look like it is enough so far to balance the unrealized debt holdings our banking system currently has on their books.

This will create a downward pressure on the US dollar going forward. It will begin the process of leveling the playing field with other currencies around the world.

The banks that survive into the next economy will be those who are Basel 3 compliant. The road ahead will be bumpy as we activate new digital mechanisms through tokenized assets that will form a bridge to the new economy.

Europe is further along than the rest of the countries in the completion of their MICA regulations. Look for them to transition through the sale of their own bonds into digital assets and gold.

The US may not be far behind. And the BRICS system, let's just say the Global South is about to rise. Bitcoin Magazine

© Goldilocks

"Japan's Norinchukin Bank to sell US$63b of US, European govt bonds to stem losses" | The Edge Malaysia

~~~~~~~~~ 

U.S. SEC HAS PERMANENTLY
SUSPENDED ITS INVESTIGATION
INTO ETHEREUM.

ETH ETF trading will start within next
3 weeks.
 
This will be the beginning of the biggest crypto Altseason. 
 
Here's how you could make millions from it:
 
(Bookmark it)
Twitter

👆  Goldilocks pointed to this article

~~~~~~~~~

BREAKING NEWS - OPEC Power Alliance in Trouble? | Youtube

~~~~~~~~~

Goldilocks' Daily Breakdown Podcast Link

Goldilocks' Telegram Room

Goldilocks' Q & A Classroom Link  

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman

Petrodollar Deal Expires; Why this Could Trigger ‘Collapse of Everything’ – Andy Schectman

Kitco News:  6-19-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who breaks down reports of Saudi Arabia letting the 50-year long Petrodollar agreement with the U.S. expire and what this means for the future of the U.S. dollar as the global reserve currency.

Schectman believes that this marks the end of the era of fiat currency, as commodity backed money will return.

He also weighs in on the latest geopolitical developments, including the latest sanctions against China and Russia, continued weaponization of the U.S. dollar, the accelerating de-dollarization trend, BRICS Plus Foreign Ministers meeting, G7 meeting, BRICS new currency, and more.

Schectman points out how gold fits into the picture, laying out what a new world monetary order – or the Bretton Woods 3 – could look like.

https://www.youtube.com/watch?v=pjtKeewv7pY

Some “BRICS and De-Dollarization” News Wednesday 6-19-2024

BRICS Financial System Accelerates As Malaysia Plans To Join BRICS & De-Dollarize Asia

Sean Foo:  6-19-2024

In another shocking update, another Asian country wants to join BRICS. Malaysia, an ASEAN nation, wants to join the bloc.

The agenda is all about de-dollarizing their economy to make it more resilient against big moves in the reserve currency.

Here's why Malaysia's making this big leap and why the West must pay attention.

Timestamps & Chapters:

0:00 Malaysia's Sudden Membership Bid

2:33 Breaking Away From The US Dollar

5:46 China Brings Economic Windfall

9:00 BRICS Financial System Accelerates

12:19 BRICS Is Winning Big

https://www.youtube.com/watch?v=QPnum1Qk-DI

China Ditch US Bonds: How it impact the Global Economy?

Fastepo:  6-19-2024

China has recently sold approximately $50 billion in US Treasury bonds, reducing its holdings to the lowest level in 14 years.

This move is part of China's strategy to decrease its dependence on US financial instruments amidst ongoing geopolitical tensions with the United States.

As of March 2024, China's holdings have dropped to $767 billion, down from $816 billion in December 2023.

China's actions reflect a broader trend of "dedollarization," where the country aims to reduce the dominance of the US dollar in international trade and finance.

This strategic shift has significant implications for global financial markets, particularly in the context of rising US interest rates and the increasing yield spreads between different types of US debt instruments.

https://www.youtube.com/watch?v=nk-RR-w5G8E

BRICS Makes Major De-Dollarization Announcement

Geopolitical Analyst:  6-19-2024

At a meeting Tuesday in Russia, BRICS announced that it is in the final stages of its de-dollarization mission.

According to BRICS representatives at the meeting, their new payment system was confirmed, and it will become a competitor for the current global reserve US dollar.

 Economic ministers of leading BRICS member countries have announced that they are in the final stages of completing complete de-dollarization.

The bloc’s goal is for its multipolar international monetary system to mark the end of the US dollar as the sole global reserve currency.

A new payment system has been rumored and discussed for a significant time, but now the BRICS alliance has officially confirmed its development and first target: the US Dollar.

The BRICS economic alliance has sought to challenge the global economic status quo for the last two years. The bloc has sought increased resistance from the Western-dominated financial order. Those efforts have come in the form of increased de-dollarization practices and the promotion of the bloc’s own local currencies.

 Furthermore, the BRICS alliance initiated this two-day meeting with 20 countries in attendance to discuss expansion and economic cooperation.

Foreign Ministers of countries belonging to the bloc are currently in the Russian city of Nizhny Novgorod.

Topics at hand included the upcoming expansion of the BRICS+, de-dollarization efforts, and building further economic and trade relations with one another.

Now, its work in developing its BRICS currency has also been discussed. BRICS aims to cut ties with the US dollar and use local currencies for all cross-border transactions among member nations.

The move is attracting other developing countries to join BRICS in 2024.

 The idea of ditching the US Dollar for local currencies and a new global reserve has become more popular.

The alliance’s gold-backed currency concept and CBDCs are considered worthy alternatives.

https://www.youtube.com/watch?v=4IBJr5Liunw

Malaysian Currency Now On RV Path in BRICS Gold-Backed Alliance

Malaysian Currency Now On RV Path in BRICS Gold-Backed Alliance

On June 18, 2024  By Awake-In-3D

Prime Minister Declares Strategic Intention to Join BRICS Alliance which would lead to a significant RV of the Malaysian Ringgit (MYR).

In This Article

• Malaysia’s Formal Bid to Join BRICS

• The Anticipated Revaluation of the Malaysian Ringgit

• BRICS Gold-Backed Trade Currency and Its Implications

• Malaysia’s Strong Economic Contributions to BRICS

Malaysia’s strategic decision to join the BRICS economic bloc has sparked significant discussions regarding the future of the Malaysian Ringgit (MYR).

Prime Minister Anwar Ibrahim’s announcement highlights Malaysia’s intent to align with BRICS, potentially leading to the revaluation (RV) of the Ringgit through the bloc’s gold-backed common trade currency which will be composed of 40% gold-backing.

Malaysia’s Formal Bid to Join BRICS

Prime Minister Anwar Ibrahim’s recent declaration signifies a pivotal moment for Malaysia’s economic and diplomatic strategy. In an interview with Chinese news outlet Guancha, aired ahead of Chinese Premier Li Qiang’s visit, Anwar confirmed Malaysia’s intention to join BRICS, marking a crucial step towards diversifying its strategic relationships.

“We have indicated, as a policy, that we are joining,” said Datuk Seri Anwar. “We have made a decision. We are placing the formal procedures soon.” This move aligns Malaysia with a group of nations collectively challenging the Western-dominated global order, potentially reshaping the economic landscape.

The Anticipated Revaluation of the Malaysian Ringgit

One of the most significant implications of Malaysia joining BRICS is the potential revaluation of the Malaysian Ringgit.

The BRICS bloc plans to implement a gold-backed common trade currency. Inclusion of the Ringgit in this currency basket could significantly enhance its purchasing power and exchange rate, especially against fiat currencies like the US Dollar.

The revaluation of the MYR would not only strengthen Malaysia’s financial stability but also boost its attractiveness for foreign investments. This economic shift is expected to elevate Malaysia’s status in the global market, offering new opportunities for growth and development.

BRICS Gold-Backed Trade Currency and Its Implications

The BRICS bloc’s move towards a gold-backed trade currency is a strategic effort to reduce dependency on the US Dollar and foster economic sovereignty among member nations. For Malaysia, participating in this initiative means aligning the Ringgit with a stable and valuable currency system, enhancing its global economic influence.

This new currency system aims to facilitate smoother and more secure trade among BRICS nations, providing a robust alternative to the existing fiat currency system.

The anticipated revaluation of the Ringgit under this gold-backed regime is poised to offer Malaysia greater economic leverage and improved terms of trade.

Malaysia’s Strong Economic Contributions to BRICS

Malaysia’s decision to join BRICS is underpinned by its strong economic indicators and potential contributions to the bloc.

In 2024, Malaysia’s GDP is estimated to reach $445 billion USD, with substantial exports in key sectors such as digital/electronic devices, electrical machinery, mineral fuels, and industrial machinery. These economic strengths position Malaysia as a valuable member of the BRICS alliance.

Malaysia’s top export destinations in 2023 included major economies such as Singapore, China, and the USA, highlighting its significant role in global trade.

The nation’s diverse export portfolio, comprising electrical machinery, mineral oils, and animal or vegetable fats, among others, showcases its capacity to contribute effectively to a diverse BRICS economic bloc.

Experts, such as Datuk Prof Dr. Mohd Faiz Abdullah of Malaysia’s Institute of Strategic and International Studies (ISIS), emphasize the importance of Malaysia’s participation in BRICS. “Building our ties with these key countries will make our economy more resilient,” he noted, underscoring the strategic benefits of Malaysia’s move.

The Bottom Line

Malaysia’s formal intention to join BRICS represents a strategic maneuver with far-reaching economic implications.

The potential revaluation of the Malaysian Ringgit, driven by the adoption of a BRICS gold-backed common trade currency, positions Malaysia for enhanced financial stability and global economic influence.

Coupled with Malaysia’s robust economic contributions, this move promises to solidify the nation’s standing within the BRICS alliance, fostering new opportunities for growth and collaboration in the evolving global landscape.

Contributing articles:

• https://www.straitstimes.com/asia/malaysia-preparing-to-join-brics-economic-group-media-report-says

• https://www.sinardaily.my/article/218946/focus/national/joining-brics-will-diversify-malaysias-strategic-relationships-and-strengthen-its-economy

• https://trendeconomy.com/data/h2/Malaysia/TOTAL

• https://www.statista.com/statistics/319024/gross-domestic-product-gdp-in-malaysia/

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D