Jim Rickards and Lynette Zang Saturday 1-16-2021
.Jim Rickards on Creating New Currency using Blockchain
Jan 16, 2021
Jim Rickards on Creating New Currency using Blockchain Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,000 an ounce but he is much more skeptical about bitcoin.
Rickards doesn't trust the bitcoin price action and doesn't believe the cryptocurrency will fare well in a financial crisis. ------------
Jim Rickards on Creating New Currency using Blockchain
Jan 16, 2021
Jim Rickards on Creating New Currency using Blockchain Jim Rickards is the editor of Strategic Intelligence and the author of Currency Wars: The Making of the Next Global Crisis. He believes gold can go to $10,000 an ounce but he is much more skeptical about bitcoin.
Rickards doesn't trust the bitcoin price action and doesn't believe the cryptocurrency will fare well in a financial crisis. ------------
Jim Rickards on the Monetary Reset After the COVID-19 Crisis https://youtu.be/-FC6QqETVG0
THE SECRETS OF MONEY: Q&A on How to Make Sure You Are Always Wealthy, with ODOS & Lynette Zang Part 1
Jan 15, 2021
Q&A with Lisa Riley (CEO of ODOS Synergy Services) and guests. This seminar on financial literacy is important for everyone because money impacts our daily lives and that takes us to my favorite question, “How many times can you be lied to, when you do not know the truth?” So, let me remind you of the truth about money and show you what this next currency iteration looks like.
THE SECRETS OF MONEY: Q&A on How to Make Sure You Are Always Wealthy, with ODOS & Lynette Zang Part 2
Jan 15, 2021
Max Keiser and Mike Maloney Thursday 1-14-2021
.Keiser Report | Runaway Inflation? | E1645
Jan 14, 2021
In this episode of Keiser Report, Max and Stacy look at the calls for runaway inflation hitting ‘dangerous levels,’ according to both Morgan Stanley and also Mohamed El-Erian.
In the second half, Max continues his chat with Alasdair Macleod of GoldMoney.com about the U.S. dollar, gold, and bitcoin.
Keiser Report | Runaway Inflation? | E1645
Jan 14, 2021
In this episode of Keiser Report, Max and Stacy look at the calls for runaway inflation hitting ‘dangerous levels,’ according to both Morgan Stanley and also Mohamed El-Erian.
In the second half, Max continues his chat with Alasdair Macleod of GoldMoney.com about the U.S. dollar, gold, and bitcoin.
Mike Maloney
The Future For Silver: Why Tesla & Solar Could Lead to Supply Shock - Mike Maloney
Premiered 4 hours ago
Join Mike Maloney and Jeff Clark in today’s Special Report as they explain how massive demand from the electric car and solar industries could mean future supply shocks for silver.
SRU and The Atlantis Report Wednesday 1-13-2021
.Silver Report Uncut
Big Changes Coming For The US Economy, MMT & FedNOW almost complete, Small Businesses Get Nervous
Silver Report Uncut: Jan 13, 2021
In short, there are some big changes coming soon for the US economy in fact they are discussing completely overhauling the entire nation. This is likely to be stressful for an economy on the edge of recession.
I know it sounds crazy but I predict we're going to see some rough stock market action soon. I know that sounds crazy considering stock prices are at record highs. It is also likely the rate of money printing will dramatically increase moving forward and though some doubt I think just because it never happened doesn't mean the dollar can't collapse.
Silver Report Uncut
Big Changes Coming For The US Economy, MMT & FedNOW almost complete, Small Businesses Get Nervous
Silver Report Uncut: Jan 13, 2021
In short, there are some big changes coming soon for the US economy in fact they are discussing completely overhauling the entire nation. This is likely to be stressful for an economy on the edge of recession.
I know it sounds crazy but I predict we're going to see some rough stock market action soon. I know that sounds crazy considering stock prices are at record highs. It is also likely the rate of money printing will dramatically increase moving forward and though some doubt I think just because it never happened doesn't mean the dollar can't collapse.
I believe the US is finished as the world's only power and it's likely all of the benefits we enjoyed while living the American dream are about to be gone. Don't mean to be dreary but economically and behind the set, there are forces causing the US to deteriorate economically and they are about to impose a total lockdown of everything
Is The Stock Market just a Casino for Rich People ?
The Atlantis Report: Premiered 4 hours ago
The stock markets are no longer an indicator of national economic prosperity. They started to become uncoupled in the 1980s under Reagan, and today they aren't linked to economic health at all.
Today they are purely an indicator of how successfully the rich are stealing what little the rest of us have.
The best indicators of economic health today are: 1) the minimum wage. 2) the combined unemployment rate (which includes everyone who would work more if they could but don't have the opportunity). 3) the ratio of independent contractors to employees. and 4) the ratio of rent to income.
When the first indicator is rising, and the other three are dropping, that means the nation's economic health is improving. Everything in the US is over-valued and over-hyped. Has been for a long time. So people better wake up.
The US market is kept afloat by trillions of QE money. When the bubble bursts, it is going to be spectacular.
The Fed has made it clear they are not going to let the market decline. They are buying the bad debt and equities and pumping in money. This is not a mystery. It's a no-lose bet the stock market isn't the economy.
The stock market is just a game for the rich to enrich themselves further.
Bix Weir, SRU and Pimpy Monday Night 1-11-2021
.Bix Weir & Andy Schectman
RED ALERT! Silver/Gold Ratio Could EXPLODE to 1-to-1 Very Soon!
Jan 11, 2021
170 Years of silver price suppression is about to END and the 75-to-1 Silver/Gold Ratio will be SHATTERED ultimately hitting 1-to-1...
Bix Weir & Andy Schectman
RED ALERT! Silver/Gold Ratio Could EXPLODE to 1-to-1 Very Soon!
Jan 11, 2021
170 Years of silver price suppression is about to END and the 75-to-1 Silver/Gold Ratio will be SHATTERED ultimately hitting 1-to-1...
Silver Report Uncut
Silver To Soar In 2021, Money Printing, Housing Affordability, Inflation, Silver Dollar Resources
Jan 11, 2021
We begin with the recent surge in inflation due to the excess money printing. According to the official inflation metric inflation is only moderately hot, but in specific areas, inflation is really beginning to affect peoples disposable income
We look at housing, for example, Housing affordability continues to stretch further and further out of reach and is at the worst disconnect since the great recession which was described as a housing crisis. The Fed has said we shouldn't be worried about bubbles because they don't see any.
Who tells their boss they're doing a bad job? But the silver price predictions for 2021 show a promising future for precious metals this year and several major banks are predicting higher prices.
News, Rumors and Opinions Monday 1-11-2021
.KTFA:
Samson: Million Dinars, The Value Of Trading On The Iraq Stock Exchange During Today's Trading
11th January 2021
Iraq Stock Exchange indices continued their decline during the trading session on Monday, and the general index of the Iraq Stock Exchange decreased by 0.24% to reach the level of 485.92 points.
During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.
26 companies were traded, of which 5 companies increased, 9 companies decreased, while the prices of 12 companies stabilized without change. LINK
CoCo: During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.
This sentence is very important. 2.3 million shares of stock traded at a value of 2.04 MILLION DINARS. 2.04 MILLION DINARS is only worth about $2,000 USD.
KTFA:
Samson: Million Dinars, The Value Of Trading On The Iraq Stock Exchange During Today's Trading
11th January 2021
Iraq Stock Exchange indices continued their decline during the trading session on Monday, and the general index of the Iraq Stock Exchange decreased by 0.24% to reach the level of 485.92 points.
During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.
26 companies were traded, of which 5 companies increased, 9 companies decreased, while the prices of 12 companies stabilized without change. LINK
CoCo: During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.
This sentence is very important. 2.3 million shares of stock traded at a value of 2.04 MILLION DINARS. 2.04 MILLION DINARS is only worth about $2,000 USD.
DeepWoodz: Imo...After browsing through most of the articles, you can tell which blocs are mad because their old ways of corruption (fraudulent salaries & contracts) will no longer be as easy.
CoM passsd the budget last week, maybe sooner, there was no delay, imo.
On top of that, I highly doubt parliament will be allowed to make any pertinent changes. Notice the same old talking points, ie...we aren’t gonna vote, or we won’t change salaries, or Kadhimi has failed the people.
No what I say? SHUT UP BOZO! Soon you will be voted out. Now go put some paper in the xerox and put some paper clips at each desk, and oh yea, the bathroom is out of toilet paper. How bout fix that!
Then along comes this GOLD NUGGET.(see article below) ... you know why they can plan a MILLION home project?........because imports are now SUPER CHEAP with them shiny NSCN’s (Lower Denoms) and their super duper exchange rate!!!
Samson: The Investment Authority: It is building one million housing units through investment
11th January, 2021
The National Investment Authority announced that it is continuing its plan to build one million housing units through investment
"The 2021 plan will focus on productive sectors projects such as industry and agriculture, as it contributes to diversifying the economic base away from oil, as well as absorbing a large number of workers and taking advantage of the competitive value in return for import, especially after the decrease in the exchange rate of the dinar," said the head of the commission, Suha Al-Najjar
She added, "The plan also focuses on housing projects in all governorates to proceed with the one million housing units project, in addition to finding a radical solution to the lagging projects by re-presenting them as investment opportunities LINK
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Courtesy of Dinar Guru
Jeff they already did the first reading of the 2021 budget yesterday -Saturday...
MilitiaMan Article: "Parliament opens a "direct channel" with the government to amend the budget" Quote: “especially with regard to the chapters that result in deleting and increasing funds." Well deleting zeros is to increase funds is it not? ...IMO it is...
Jeff Iraq really doesn't have a lot left to do... devaluing the currency was at the request of the World bank and the IMF. It was a preparation step for them to reduce the physical note count in the county of Iraq and they are also injecting US dollars at this time. That way when the rate does change the citizens will have to turn in their US dollars in exchange for dinar. This is just steps for when the rate does change. Right now you are in the season for the rate change...
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"Robert David Steele: 10 Days of Darkness Starts Now, No ATM, Credit Cards, Internet" by Kat - 1.10.21
This video was just posted on Twitter in 2 parts:
Robert David Steele video 1-9-21
https://twitter.com/RealPollzApp/status/1348148513167863808
10 days of darkness are about to begin.
Beginning later tonight it’s entirely possible that the ATMs, internet, and credit card processing will go down. If not tonight then perhaps Monday (1-11-21.)
https://inteldinarchronicles.blogspot.com/2021/01/robert-david-steele-10-days-of-darkness.html
Basel Accord 3: NSFR, Gold and a Monetary Reset?
Mike Harris: Jan 10, 2021
Today, we explore the way in which Basel rules have had significant impact upon western economies & consider what the longer term intentions of the Basel 3 rules might mean for gold and the world.
So let’s dive on in. Now this channel provides global macro insights and champions the importance of sound money in a world gone crazy .
Now the Basel Accords are said to “ensure that financial institutions have enough capital on account to absorb unexpected losses.” There have been three successive accords with Basel 1 introduced in 1988. Basel 2 which was based around three pillars of minimum capital requirements, a supervisory review process and market discipline.
Yet, such Accords failed to prevent the 2008 meltdown. So in 2010, an agreement was reached on the overall design of capital and liquidity requirements under Basel 3 which was scheduled to be introduced between 2013 and 2015.
Yet it has been continually extended to where completion is anticipated in January 2022.
More News, Rumors and Opinions Sunday Night 1-10-2021
.KTFA:
MilitiaMan: Well deleting zeros is to increase funds is it not? lol ~ IMO it is.. ~ MM
“especially with regard to the chapters that result in deleting and increasing funds."
Samson: Parliament opens a "direct channel" with the government to amend the budget
14:27 - 10/01/2021
The Parliamentary Finance Committee expected, on Sunday, that broad amendments will be made to the draft budget law for the current year in accordance with the powers of the House of Representatives in terms of transfer according to the constitution, while it disclosed the opening of a direct channel between the government and the Finance Committee, especially those related to the chapters that result in deleting and increasing funds.
KTFA:
MilitiaMan: Well deleting zeros is to increase funds is it not? lol ~ IMO it is.. ~ MM
“especially with regard to the chapters that result in deleting and increasing funds."
Samson: Parliament opens a "direct channel" with the government to amend the budget
14:27 - 10/01/2021
The Parliamentary Finance Committee expected, on Sunday, that broad amendments will be made to the draft budget law for the current year in accordance with the powers of the House of Representatives in terms of transfer according to the constitution, while it disclosed the opening of a direct channel between the government and the Finance Committee, especially those related to the chapters that result in deleting and increasing funds.
Member of the committee, Representative Jamal Cougar, said in a statement to "the information", that "the Finance Committee and members of Parliament have many observations and objections to a large number of its paragraphs, and there is no doubt that it will be subject to wide-ranging amendments in accordance with the powers of Parliament approved by the constitution."
Cougar added, "The large number of amendments will need to be reviewed directly with the government, especially those related to adding funds or reducing the fact that Parliament has the authority to transfer only." He ruled out "restoring the budget to the government and replacing it with opening a direct channel between the government and the Finance Committee, especially with regard to the chapters that result in deleting and increasing funds."
The MP for the State of Law coalition, Alia Nassif, revealed in a previous statement to "the information", the existence of parliamentary intentions to return the draft budget bill to the government.
TNT:
Tishwash: Parliamentary Finance determines the changes it will make in the 2021 budget: changing the price of a barrel of oil to $56
On Sunday 10 January 2021, the Finance Committee in Parliament identified the changes to be made in the country’s federal budget for the year 2021, after the first reading that Parliament completed on Saturday, for the draft budget law, while confirming the initiation of changes and amendments starting this week.
Committee reporter Ahmed Al-Saffar said in a press statement followed by Al-Masalla that the meeting of the Finance Committee that preceded the parliamentary session was deliberative to review some paragraphs and items of the federal budget for 2021, stressing that all changes to the draft budget will be in consultation with the government.
Al-Saffar added that our changes will be in agreement with the government, in order to rectify any dispute or problem that may arise between the executive and legislative authorities, indicating that the Finance Committee will proceed with its changes and discuss the origin of the law, and it will be this week.
He pointed out that the changes that the Finance Committee will undertake is to change the price of a barrel of oil after it rose from $ 42 to $ 56 per barrel, adding that one of the most important problems and issues that we will work to change is the problem of the budget deficit.
Al-Saffar confirmed that the House of Representatives will try to accelerate the legislation of the budget law due to the current circumstances, expecting that passing the law needs a month to complete and vote on it by the House of Representatives after making a number of amendments to it. link
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Courtesy of Dinar Guru
Pimpy Article: "For the second day, the dollar continues to decline against the dinar in Baghdad and Erbil" It's not just an IR or RV you should be counting on. There are other things that can happen to help increase the value of the dinar. That doesn't mean an IR or RV is not going to happen. I never said that. I'm saying there are other things that can help the situation out. And one of those things are what? The purchasing power of the US dollar falling. In other words it's losing its value. There are articles galore saying the dollar is taking a hit. It should not be a surprise we are expecting this sucker to take a hit big time...the Iraqi dinar will go up in value against the U.S. dollar...
SRU and the Atlantis Report Sunday 1-10-2021
.Silver Report Uncut
The End Of The Experiment Started In 1971- It's The Federal Reserve, Masterminds Of Economic Chaos
Jan 9, 2021
One of the craziest things everyone should be challenging is the Fed literally printing money and giving it to the most powerful corporations in the world via the debt market.
The other thing, if they're paying for Apple's debt, what did APPL use the money for? share repurchases and dividends you say, well that seems like a cause worth destroying the dollar for!
This is a massive transfer of wealth to a few elite companies to achieved the ultimate economic ruin of the middle class.
As the Feds recent statements suggest they are entirely focused on the affect on markets and not the economy.
Silver Report Uncut
The End Of The Experiment Started In 1971- It's The Federal Reserve, Masterminds Of Economic Chaos
Jan 9, 2021
One of the craziest things everyone should be challenging is the Fed literally printing money and giving it to the most powerful corporations in the world via the debt market.
The other thing, if they're paying for Apple's debt, what did APPL use the money for? share repurchases and dividends you say, well that seems like a cause worth destroying the dollar for!
This is a massive transfer of wealth to a few elite companies to achieved the ultimate economic ruin of the middle class.
As the Feds recent statements suggest they are entirely focused on the affect on markets and not the economy.
Jerome Powell has a personal fortune which He has heavily invested in many stocks including Black Rock which is actually the company they chose to issue the Feds bond buying purchases!
Both have made enormous profits thus past year in fact the greatest depression truly has been a once in a lifetime opportunity for these folks.
The Atlantis Report
2021 Economic Outlook : Inflation, Bitcoin $50k,Debt and Higher Taxes on The Road to Venezuela 2.0
Premiered 17 hours ago
America's demise is Wall Streets' success.
They are about to take America much deeper into debt slavery. They are on a deliberate mission to sell America out to the banks.
Manufactures and corporations will hurt very badly in the coming months. Maybe they are glad they'll now be able to relocate factories in countries with cheaper labor costs. Those living paycheck to paycheck have no power. We are getting wiped out; homeless populations are exploding.
The cost of food will starve many. Everyone can keep arguing about money promised. Whatever amount is given, you will be taxed on it. Giving $2,000 to everyone. Increased taxes will be $7,000 more tax on everyone that pays a tax.
They don't care about the American people. They are going to tax us to pay our debt. The plan is to bankrupt the country; that way, people will have to be dependent on the government for survival.
What we really need is to reopen the country; small businesses, churches, schools, restaurants, EVERYTHING! Let us go back to work and let us pursue our right to life, liberty, and the pursuit of happiness.
That bill devalues our dollar. We start at $600, and we have to pay $7,000 back for it in taxes. Money does not just come out of thin air or grows on trees. The dollar is crashing. America has fallen.
People are going to be left with green paper that doesn’t mean very much! But they keep people thinking everything is going to rainbows and sunshine. They don't give a rip about us the people.
They will bankrupt the country. They will send trillions to other countries and have kickbacks coming into their bank accounts.
News, Rumors and Opinions Friday 1-8-2021
.KTFA
New financial statement on the adjustment of the dollar exchange rate LINK
DeepWoodz: Imo....GOOD ONE HERE!!! Ok....the first part talking in circles....
The Ministry of Finance issued, on Friday, a new statement regarding the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.
....the joining of several groups to get this right...
“next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program.”
“she led extensive discussions in the past weeks after the budget was approved by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.”
KTFA
New financial statement on the adjustment of the dollar exchange rate LINK
DeepWoodz: Imo....GOOD ONE HERE!!! Ok....the first part talking in circles....
The Ministry of Finance issued, on Friday, a new statement regarding the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.
....the joining of several groups to get this right...
“next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program.”
“she led extensive discussions in the past weeks after the budget was approved by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.”
and....
“She hopes that these procedures will coincide with discussions within the House of Representatives on tthe budget,”
NOW FOR THE RATE....
”The Ministry of Finance promised on Friday to make an amendment to the exchange rate of the foreign currency against the Iraqi dinar,”
And with the new rate....
”the Ministry of Finance will develop a detailed policy program designed to increase the benefits from adjusting the exchange rate.
Finally the best part and should leave no doubt....
”the main policy measures to protect the poor and vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."
Question is, are they going to do what we have been awaiting? Is it possible that they are Finally....after 18 years, going to claim their Sovereignty and Prestige as an Iraqi nation?
I’d say that if they were just going to devalue once more, then there would be no talk of taxes. There would be no talk of helping the poor and vulnerable. There would be no talk of salary reductions. There would be no need for all the planning. There would be no need to include parties from inside and outside of the government.
ALL CONFUSION STOPS HERE. IMO
DeepWoodz: Imo....Whats more PROMISING for a great rate?!?! Great prosperity for Iraq!!! This is getting SO GOOD!
Samson: Oil prices are near an 11-month high
8th January, 2021
Oil prices held close to their highest level in 11 months, today, Friday, and is on the path of achieving strong weekly gains, as Saudi Arabia's pledge to reduce production continued to support sentiment in the oil market.
Brent crude rose 13 cents, or 0.2 percent, to $ 54.51 a barrel by 05:31 GMT. The global benchmark touched $ 54.90 on Thursday, the highest since February. And US West Texas Intermediate crude gained 14 cents, or 0.3%, to $ 50.97. Crude closed up 0.4% on Thursday, after it also reached its highest level since February, at $ 51.28 a barrel.
The two benchmarks are on track for gains of about 5% this week. "Saudi Arabia's decision to undertake voluntary cuts to its production continues to support the market," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.
He added, "The strength of global stocks, supported by abundant liquidity, also stimulates new oil purchases," but he warned that oil and stock markets may witness a correction soon, as their rise does not reflect the current situation of oil demand and the global economy. And earlier this week, Saudi Arabia, the world's largest oil exporter, said it would cut production by an additional 1 million barrels per day in February and March.
UBS raised its forecast for Brent crude to $ 60 a barrel by the middle of this year, following the unilateral reduction of Saudi Arabia and expectations of a strong recovery in demand in the second quarter, with a recovery in travel due to the distribution of anti-Coronavirus vaccines. Meanwhile, Asian stocks rose to record levels today, while the Japanese Nikkei index reached a three-decade high, as investors turned a blind eye to the high incidence of Coronavirus and political turmoil in the United States, to focus on hopes for an economic recovery later in the year. LINK
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Friday Fleming RV Update
Our military intel contact is confirming Mr. Fleming's sources and other sources saying that what happened in DC yesterday, though it may look bad, really speeded up the RV / GCR release process to get it out and get us in T4B started, & the shotgun liquidity release started, as quickly as possible BEFORE Wed 20 Jan;
He is confirming Mr. Fleming's source that said today Thu 7 Jan that the banker overseeing exchange centers in 5 southwestern states confirmed what other sources are hearing that we are VERY VERY CLOSE and to "keep [your] phone[s] charged and very close by" obviously implying that T4B start could be ANY TIME NOW through the weekend and into next week;
He is confirming Bruce's sources that some of the larger bond holders are to be paid overnight tonight Thu 7 Jan and have access to funds tomorrow Fri 8 Jan and the weekend, and his info is still that bond liquidity being released this way will provide liquidity for our T4B exchanges and for paymasters globally downstreaming payouts to T1-4 when the shotgun start is initiated.
He is confirming Mr. Fleming's sources that a schedule is being finalized for start of T4B in the release sequence and that security team audits are still ongoing as of tonight Thu 7 Jan to determine which accounts already received funds (money-of-account which many account holders have said they can see in their accounts but only accessible when T4B starts), and they are also determining what remaining accounts should get funds and which accounts and account holders should NOT get funds because of Deep State ties.(edited)
TNT:
Harambe: Bloomberg: Gold Falls Back Below $1,900 as U.S. Dollar Recovers
(1/8/21)
Gold dropped below $1,900 an ounce as the dollar pared losses and equity markets gained, as investors digested confirmation of a Joe Biden presidency and Democrat-controlled congress.
Bullion slipped as much as 1.8% in London, erasing gains made at the start of this year, as a measure of the dollar spiked from the day’s low. The move was exacerbated by the breaching of the 100-day moving average, a key technical level.
“The move lower is technically driven,” triggered by a stronger U.S. dollar and higher Treasury yields, said Georgette Boele, an analyst at ABN Amro Bank NV. The metal should now test support at $1,870 an ounce, she added.
A stronger U.S. dollar and higher benchmark Treasury yields have so far kept gold prices in check. A raging pandemic, uncertainty over the pace of global economic recovery and expectations of rising inflation all remain tailwinds for the metal.
The two Democratic wins in Georgia’s Senate runoffs this week give U.S. President-elect Joe Biden full control of Congress, paving the way for him to push through more stimulus and higher spending on economic reconstruction. While that’s boosted inflation expectations, it’s also driven Treasury yields higher, weighing on non-interest bearing gold.
Traders will now focus on U.S. non-farm payroll data, due later Friday, to gauge the health of the economic bounce-back. Poor figures will not necessarily be good for gold, according to Commerzbank AG’s Daniel Briesemann, given a slower recovery entails lower inflation.
Spot gold dropped 1% to $1,894.01 an ounce by 10:17 a.m. in London. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index was little changed, after gaining 0.6% Thursday.
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Harambe: Reuters: Zimbabwe central bank lets exporters hold dollars beyond 60 days
(1/8/21)
HARARE, Jan 8 (Reuters) - Zimbabwe’s central bank on Friday reversed a decision to force exporters, including mining companies, to sell a large portion of their dollar earnings if they were not used after 60 days.
Severe foreign currency shortages are the clearest sign of an economic crisis that has sparked intermittent shortages of fuel, power and medicines in the southern African nation.
Critics blame the crisis on financial mismanagement and corruption by the government of President Emmerson Mnangagwa. It says the economic troubles are caused by droughts as well as sanctions imposed by Western countries some two decades ago.
Reserve Bank of Zimbabwe governor John Mangudya said the bank’s monetary policy committee had agreed “to remove the compulsory requirement to liquidate all unutilised export proceedings after 60 days, with immediate effect”.
But exporters would now have to sell 40% of their earnings to the central bank-run foreign currency auction, his statement said. Previously, exporters were obliged to sell 30% but could only keep the rest for 60 days before having to auction it.
Mining companies, which generate the most foreign currency, have been lobbying the government to let them keep their dollars, saying this would encourage more investment.
The Chamber of Mines, which represents the biggest mining companies, did not immediately respond to requests for comment.
The government argues that it needs the foreign currency to buy fuel, medicines and food.
News, Rumors and Opinions Thursday Morning 1-7-2021
.TNT:
Tishwash: Three reasons for the central bank's decline in sales: this is what's going to happen next
On Thursday, Adm. Jamal Cougar, a member of the parliamentary finance committee, identified three reasons for the decline in the central bank's sales.
"The previous sales of the central bank through its daily auction were not real, they covered more than the market needs," Cougar told Shafq News, adding that "the purpose of the merchants and banks who were buying the dollar through this auction was profit and that these profits were reduced, which affected the bank's sales."
"The proliferation of speculation in the markets was a second reason for the low sales of the central bank, as the savings of the citizens have not yet fully ended," he said, adding that "the end and return of savings to their previous places, people will accept the new government rate."
TNT:
Tishwash: Three reasons for the central bank's decline in sales: this is what's going to happen next
On Thursday, Adm. Jamal Cougar, a member of the parliamentary finance committee, identified three reasons for the decline in the central bank's sales.
"The previous sales of the central bank through its daily auction were not real, they covered more than the market needs," Cougar told Shafq News, adding that "the purpose of the merchants and banks who were buying the dollar through this auction was profit and that these profits were reduced, which affected the bank's sales."
"The proliferation of speculation in the markets was a second reason for the low sales of the central bank, as the savings of the citizens have not yet fully ended," he said, adding that "the end and return of savings to their previous places, people will accept the new government rate."
"The real trader or investor who needs the dollar will now turn to the market to get the dollar because it is cheaper than the central bank and therefore it is another reason for the low sales of the central bank," cougar said.
It is noteworthy that the central bank's sales declined after the central bank raised the exchange rate of the dollar to record sales of 8 million dollars in the last auction session held by the central bank after it reached more than 200 million dollars." link
Tishwash: A $ 10 difference between its "Iraqi" and international price ... a member of Parliamentary Energy comments on the rise in oil prices
A member of the Parliamentary Oil and Energy Committee, Mahmoud Al-Zajrawi, said, Wednesday, January 06, 2021, that the new oil prices cannot be formally adopted in the financial policy.
Global oil prices rose above 52 dollars a barrel yesterday, at a time when the Iraqi Ministry of Finance drew the budget based on the price of 42 a barrel.
The rise in oil prices, above 52 dollars per barrel, cannot be trusted with much, because prices are fluctuating and not yet stable, and they cannot be relied upon in drawing the country's financial policy.
He added that "oil prices always change with rapid ups and downs, after every development related to the Corona virus epidemic, or any security tension that occurs at the level of countries."
A member of the Parliamentary Oil and Energy Committee stated that "Iraqi exports cannot be expected about them, but indications indicate that oil may rise gradually."
Yesterday, Monday (January 4, 2021), the price of a barrel of oil rose above the level of $ 52 per barrel, achieving an increase of more than 1 percent of its price.
Brent price reached $ 52.40 a barrel, with a rise from the last price of 1.11 percent.
OPEC oil also achieved an increase of more than 60 cents per barrel, bringing its price to 50.78, while Russian crude oil reached $ 52. link
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Courtesy of Dinar Guru
Walkingstick & Frank26 If we progressively see the auction numbers continue to fall that's another confirmation that the American dollar is about to leave the Iraqi market and very soon to be replaced with a new... denomination and a new exchange rate for these new small category notes. It's that simple. It's not complicated. It's on course.
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Wednesday Night X22 Financial Report
Ep 2371a – [CB]/China Economic System Are Now In The Process Of Being Destroyed
Nigel Farage says the BREXIT will not work for the people of the UK. Trump and the patriots are now pushing to bring down China economically, first it was tariffs and now they are being delisted from the NYSE. Nigel Farage says the BREXIT will not work for the people of the UK
Major Banks Turn Silver Bulls for 2021.
Jan 4, 2021
This video explores why some of the largest investment banks are big silver bulls for 2021. We discuss the price targets that three large investment banks have for silver and we also consider a further fascinating way of gaining exposure to silver through a high quality exploration firm: Silver Dollar Resources whose shareholders include Eric Sprott and First Majestic Silver.
News, Rumors and Opinions Wednesday Morning 1-6-2021
.TNT:
Tishwash: Deputy: The 2021 budget includes Kurdistan's dues for six years
Member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, said today, Tuesday, that “the 2021 budget included Kurdistan's dues for six years, stressing in return that the region has not delivered any of its revenues to the state treasury.
Al-Mousawi said in a statement to (Al-Mustaqilla) that “the draft budget of 2021 calculated the dues of the Kurdistan region for previous years (2014-2020), at a time when it did not deliver any oil and non-oil revenues to the state treasury.”
TNT:
Tishwash: Deputy: The 2021 budget includes Kurdistan's dues for six years
Member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, said today, Tuesday, that “the 2021 budget included Kurdistan's dues for six years, stressing in return that the region has not delivered any of its revenues to the state treasury.
Al-Mousawi said in a statement to (Al-Mustaqilla) that “the draft budget of 2021 calculated the dues of the Kurdistan region for previous years (2014-2020), at a time when it did not deliver any oil and non-oil revenues to the state treasury.”
He added, “Article (11), Clause Second, stipulates that the Kurdistan region should deliver (250) thousand barrels of crude oil per day to the SOMO company, and it is more correct for the text to deliver the Kurdistan region of its entire production of crude oil to the federal authority, as is the case with the rest of the Iraqi provinces.”
He pointed out that "the current expenditures for the year 2021 amounted to (120) trillion dinars, while it did not exceed in previous years to (44) trillion dinars." link
Cutebwoy: Parliamentary Finance officially receives the budget and announces the date of the parliament session
{Baghdad: Al Furat News} The Parliamentary Finance Committee announced today, Wednesday, that it has formally received the draft federal budget bill for 2021.
Committee member Jamal Cougar said in a press statement, “The committee has officially received a copy of the draft federal budget law for the current year 2021, from the Presidency of the House of Representatives.”
He added that “the House of Representatives will hold a session next Saturday to conduct the first reading of the budget bill,” indicating that “the committee will make its observations on the draft budget law after the first reading.”
Cougar stressed, “The House of Representatives will not hold a session tomorrow, Thursday, to hold the first reading of the federal budget bill.”
And the media had reported news that the House of Representatives would hold a session tomorrow, Thursday, to hold the first reading of the federal budget bill for the current year 2021.
It is noteworthy that the Speaker of Parliament, Muhammad al-Halbousi, announced on the 29th of last month the arrival of the government’s 2021 fiscal budget bill and the extension of the current legislative term for one month, in order to complete many important legislations for the coming period, including the budget.
His deputy, Bashir Al-Haddad, affirmed that “the legislative procedures to complete the federal budget law may take 20-30 days, and that the parliament will begin the first reading of the bill in early January.”
“There will be serious and intense discussions towards reducing unnecessary expenditures in the budget law, and reducing the deficit ratio for the benefit of the middle classes, the poor and those with low incomes,” he add
Parliamentary Finance officially receives the budget and announces the date of the parliament session
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Tishwash: Brent crude above $ 54 for the first time since February 26
The value of the Brent oil futures contract for the month of March of this year on the stock exchange reached 54.02 dollars a barrel, according to the data of the selling platforms at 05:27 Moscow time.
Meanwhile, the price of West Texas Intermediate (WTI) rose 0.5% to $ 50.26 a barrel.
As of 05:38 Moscow time, Brent was trading at $ 53.96 per barrel (+ 0.67%), and WTI was trading at $ 50.23 per barrel (+ 0.44%) link
Harambe: CNBC: Oil hits 11-month high after Saudi Arabia pledges voluntary output cut ... Brent Crude to $53.83 https://www.cnbc.com/2021/01/06/oil-markets-saudi-arabia-output-cut.html
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Courtesy of Dinar Guru
Petra the [last] two, five or six days the auctions have gone from 150-200 million down to a million, down to 350 thousand and I think today was zero. There's definitely a change going on.
Walkingstick & Frank26 IOO at the end of this week by Thursday or Friday and reviewed again at the end of the following week the CBI and all their money exchangers and banks will meet...on the subject of the tally of the 3 zero notes that have been collected. They want to determine if they have hit the sweet spot that they have agreed upon with them and the IMF. The CBI and IMF have a target in order to release the new small category notes and the next exchange rate change...
Frank26 What do you mean they lowered the price of the Iraqi dinar? Well they did. That's impossible, they said they were going to raise it. It's the China syndrome. China said the same thing back in 1995. 'We are not going to raise the value of our currency.' So did Kuwait. They said the same thing. But 3 days later China changed the value of their currency. They didn't want anyone to take advantage of them...The Iraqi dinar went down in value inside the country of Iraq...but now as of January 1st IMO they got a new rate...they are trying to tell you they don't have a program rate anymore...
Mike Maloney
Why Buy Gold If the System Will Be Crypto & Digital Fedcoin Dollars?
Premiered 14 hours ago
One of the hot topics today is Gold vs Bitcoin, or a completely digital dollar. What does physical gold and silver do for us if the system is going to be all digital?
A Currency Reset, Monetary Policy, Inflation and more 1-5-2021
.The Currency Reset Is Coming | Gold, Silver & Mining Stocks Will Moonshot - Lawrence Lepard
I Love Prosperity: Jan 4, 2021
The Currency Reset Is Coming |
Gold, Silver & Mining Stocks Will Moonshot - in this video we talk to Lawrence Lepard and he explains how we got to this point, where we are on the brink of a currency reset, so many people are unemployed, what the future looks like, and his expectations for Gold and Silver.
The Currency Reset Is Coming | Gold, Silver & Mining Stocks Will Moonshot - Lawrence Lepard
I Love Prosperity: Jan 4, 2021
The Currency Reset Is Coming |
Gold, Silver & Mining Stocks Will Moonshot - in this video we talk to Lawrence Lepard and he explains how we got to this point, where we are on the brink of a currency reset, so many people are unemployed, what the future looks like, and his expectations for Gold and Silver.
Governments Can't Keep Printing Money Can They? | Ray Dalio
The Economic Countdown: Jan 4, 2021
In a recent interview with Ray Dalio, he talks about the current state of the economy and what is to come.
Dalio explains that the dollar's role as the Global Reserve Currency is at risk.
Ray Dalio explains the different types of monetary policy used in the past, present, and what will likely be done in the future. He then shares his opinion on the markets and provides investors with some ideas for investing in the coming months and years.
Ray Dalio speaks about inflation, deflation, and how different economies will react moving forward.