Lynette Zang and Bix Weir Monday 5-31-2021
.Lynette Zang
How The System Dies and How To Prepare
May 30, 2021
Mark Moss: Today I'm sitting down with a highly requested guest, and a guest I'm a fan of, Lynette Zang!
She's been studying currencies, and she follows the currency life cycles.
Today, I want her to uncover the cycles of currencies to give you guys a historical reference, which will help you understand the problems that are occurring today.
Hopefully this will give you the understanding to help you prepare for the end of the system, and how to look forward to new beginning's.
Lynette Zang
How The System Dies and How To Prepare
May 30, 2021
Mark Moss: Today I'm sitting down with a highly requested guest, and a guest I'm a fan of, Lynette Zang!
She's been studying currencies, and she follows the currency life cycles.
Today, I want her to uncover the cycles of currencies to give you guys a historical reference, which will help you understand the problems that are occurring today.
Hopefully this will give you the understanding to help you prepare for the end of the system, and how to look forward to new beginning's.
Doom and gloom doesn't have to be a future for you if you're 'prepared'. I help this helps you as much as it helped me, and if not, even more.
Bix Weir
Market Rigging, Censorship, Manipulation & Fake News Will Destroy America!
May 30, 2021
It's time to reflect on what's happening to our country, what "THEY" are doing it and why we all need to RISE UP and take our country back! Only Truth, Honesty & Free Markets lead to FREEDOM in America!
Basel 3, Monetary Reset, Gold, Silver and more Sunday PM 5-30-2021
.BASEL 3 and a Phased Return to Market Priced Gold: Monetary Reset
Miles Harris: May 30, 2021
Basel 3 banking regulations are set to be introduced in continental Europe at the end of June 2021.
This video answers why a gold price increase is needed by our central banks, why it is needed now and why Europe is first to implement these rules
BASEL 3 and a Phased Return to Market Priced Gold: Monetary Reset
Miles Harris: May 30, 2021
Basel 3 banking regulations are set to be introduced in continental Europe at the end of June 2021.
This video answers why a gold price increase is needed by our central banks, why it is needed now and why Europe is first to implement these rules.
Will Basel 3 Boost Gold and Silver Prices?
The Basel 3 accord is a set of global financial reforms developed by the Basel Committee on Banking Supervision under the domain of the Bank for International Settlements, an organization headquartered in Basel, Switzerland. These coming changes in bank system operations are to strengthen regulation, supervision and risk management within the worldwide banking industry.
Work on the Basel 3 changes began in 2008, after the onset of the Great Recession. The original version was adopted in 2010, to be implemented from 2013 to 2015.
Some changes called for in Basel 3 were so extreme that some revisions were made and implementation was repeatedly delayed. As it now stands, some of the impact of Basel 3 takes effect at the end of June this year, while all changes become effective on Jan. 1, 2023.
The goal of the forthcoming Basel regulations is to limit the levels of risk that banks take on in the pursuit of profits, which would hopefully prevent a major worldwide financial crisis if markets turn negative. It’s a wonderful idea in theory. However, in practice, some changes could be so disruptive to the actions of some governments, central banks and financial institutions that there is already pushback.
Read full post here: https://www.numismaticnews.net/coin-market/will-basel-3-boost-gold-and-silver-prices
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Macleod: The End Of The LBMA Is Nigh
by Tyler Durden
Saturday, May 15, 2021 - 07:00 AM
Authored by Alasdair Macleod via GoldMoney.com,
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only supply to buy-side speculators of gold and silver contracts will be producer hedging.
In recent months there has been some limited commentary concerning the introduction of Basel 3 regulations and the implications for precious metals trading. These new regulations are scheduled to be introduced for European banks at the end of June — only seven weeks’ time — and in the UK from 1 January next, affecting all LBMA member banks.
Read full article here: https://www.zerohedge.com/markets/macleod-end-lbma-nigh
Forget Gold!! Something HISTORIC Is Happening with SILVER | Prepare Yourself - Steve Penny
I Love Prosperity: May 29, 2021
Forget Gold!! Something HISTORIC Is Happening with Silver | Prepare Yourself.
In today's video, Steve Penny breaks down Silver, the historic nature of the Silver bull market, what is coming next for the US economy, and how to prepare yourself mentally and spiritually.
Silver Shortage and Inflation News Saturday 5-29-2021
.The US Mint Halts Sales Citing The "Global Silver Shortage", Silver Best Performing Asset In May
Silver Report Uncut: May 29, 2021
Silver demand has been surging and it's expecting to only accelerate from here according to a recent report from the Silver Institute, silver demand for printed and flexible electronics is forecast to increase 54% over the next 10 years.
Demand for silver in this rapidly developing sector is forecast to come in at 48 million ounces this year. By 2030, the demand is expected to surge to 615 million ounces.
The US Mint Halts Sales Citing The "Global Silver Shortage", Silver Best Performing Asset In May
Silver Report Uncut: May 29, 2021
Silver demand has been surging and it's expecting to only accelerate from here according to a recent report from the Silver Institute, silver demand for printed and flexible electronics is forecast to increase 54% over the next 10 years.
Demand for silver in this rapidly developing sector is forecast to come in at 48 million ounces this year. By 2030, the demand is expected to surge to 615 million ounces.
The U.S. Mint even upped its coin production in mid-2020 after shortages of coins have been reported in the U.S. but demand over the past few months appears to have overwhelmed the US Mint.
They just warned that they are halting sales due to a global silver shortage leaving them unable to meet orders the full statement reads
The United States Mint is committed to providing the best possible online experience to its customers.
The global silver shortage has driven demand for many of our bullion and numismatic products to record heights. This level of demand is felt most acutely by the Mint during the initial product release of numismatic items. Most recently in the pre-order window for 2021 Morgan Dollar with Carson City privy mark (21XC) and New Orleans privy mark (21XD), the extraordinary volume of web traffic caused significant numbers of Mint customers to experience website anomalies that resulted in their inability to complete transactions.
In the interest of properly rectifying the situation, the Mint is postponing the pre-order windows for the remaining 2021 Morgan and Peace silver dollars that were originally scheduled for June 1 (Morgan Dollars struck at Denver (21XG) and San Francisco (21XF)) and June 7 (Morgan Dollar struck at Philadelphia (21XE) and the Peace Dollar (21XH)).
While inconvenient to many, this deliberate delay will give the Mint the time necessary to obtain web traffic management tools to enhance the user experience.
As the demand for silver remains greater than the supply, the reality is such that not everyone will be able to purchase a coin.
However, we are confident that during the postponement, we will be able to greatly improve on our ability to deliver the utmost positive U.S. Mint experience that our customers deserve. We will announce revised pre-order launch dates as soon as possible.
The Fed Is NEVER Going to STOP What's Coming | Do This to Prepare Yourself!
I love prosperity: May 28, 2021
The Fed Is NEVER Going to STOP INFLATION
In this video, we talk about the future of the monetary system, the best ways to prepare for what's coming next, how to prepare yourself to earn more money, the best advice around gold, silver, investing, and more.
Fleming, Breitling, Bix and Lynette Friday PM 5-28-2021
.Fleming Friday RV Report
Our military intel contact is confirming Mr. Fleming's sources saying stay ready because:
(1) A source reported that last night Thu 27 May "Reno just said the screens are live . . . Whoa . . . Just waiting on the go";
(2) Another source sent this to Mr. Fleming: From the Green Lantern--He is taking a huge risk by sending this and we owe a gratitude to this great man:
"The General got liquid--we wait and the other group, the redemption group, they have gotten LIQUID as well and now it’s my turn yahoooooo
Fleming Friday RV Report
Our military intel contact is confirming Mr. Fleming's sources saying stay ready because:
(1) A source reported that last night Thu 27 May "Reno just said the screens are live . . . Whoa . . . Just waiting on the go";
(2) Another source sent this to Mr. Fleming: From the Green Lantern--He is taking a huge risk by sending this and we owe a gratitude to this great man:
"The General got liquid--we wait and the other group, the redemption group, they have gotten LIQUID as well and now it’s my turn yahoooooo
GOD BLESS YOU all and happy birthday my dear friend.
"T4B Group is on its way. Fasten your seat belts everyone and get ready to be anointed by God."
(3) MarkZ's sources in Iraq said that this morning Fri 28 May in Iraq they started breaking out the LD's (lower denominations)-it was widespread--MarkZ said that this means WE ARE THERE.
(4) MarkZ said this morning Fri 28 May that Sheila (CMKX expert) still believes this is our weekend.
(5) Bruce's bond holder (bond seller) sources were told that they would be liquid by tomorow Sat 29 May, which is believed to parallel T4B start: we will see he said.
(6) He is essentially completed but still in process of getting certain things done for the shotgun start which is underway now—that’s all he has on the Admiral for now
Courtesy of Dinar Guru
Breitling Digital currency in Iraq, if they do create it...There's nothing wrong with it. It's a fantastic idea but it's not going to compete against the Iraqi dinar. People are saying, 'If they create this digital currency we're going to be sitting here with nothing.' That's not true...there is no requirement to get into digital currency. That's what people are misunderstanding about these...they are not going to get rid of paper notes... They are creating digital currency because of the convenience. Think about it. I have not touched a dollar bill or had coin in my hands for maybe a year... [post 1 of 2....stay tuned]
Breitling ...I use credit cards. I use bank cards...there's absolutely no reason to be worried. If Iraq creates a digital currency and you want to get into it, fine. It's going to be at the same rate that you have now. Let's say you convert to that digital currency and you want to get out and you want to get back to notes in your hand. Guess what? You'll be able to do it. That's what that means. Nothing more. Don't let it get to your head! I've been getting panic email, 'Oh, my gosh if they wanted to they could stiff us!' No they can't. It doesn't work that way...the entire world would lose confidence in that currency and the economy would crash. Iraq is doing the complete opposite. They are trying to build their economy up. [post 2 of 2]
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SILVER ALERT! JPM "FINDS" 10M Ounces of Physical Silver for 99% of COMEX June Delivery! (Bix Weir)
May 28, 2021
Where is Jamie Dimon finding all the Physical Silver that is being delivered into the COMEX deliveries? Has JP Morgan been HOARDING SILVER and if they have WHY were they allowed to when the Hunt Brothers were not?
Where is this silver located in their Financial Statements? What kind of Shell Game is JP Morgan playing with Silver?
Lynette Zang: We are heading Towards Huge Currency Collapse
Money Materz” Premiered 2 hours ago
In this video, Lynette Zang explains why she thinks currency collapse is coming very soon.
More News, Rumors and Opinions Tuesday Afternoon 5-25-2021
.TNT:
Tishwash: A deputy identifies 3 reasons for the demonstrations today, the most prominent of which is the government's failure
MP for the Al-Hikma bloc, Abbas Sarout, today, Tuesday, identified three reasons for the departure of the Baghdad demonstrations.
In an interview with "the information", Sorout said, "By reading the general Iraqi scene, there are 3 reasons behind the return of the demonstrations in Baghdad, the most prominent of which is the deteriorating economic situation and its repercussions on large segments, in addition to the fact that the budget that was approved has not been any activation of the project file and the movement of construction and reconstruction amid unemployment
TNT:
Tishwash: A deputy identifies 3 reasons for the demonstrations today, the most prominent of which is the government's failure
MP for the Al-Hikma bloc, Abbas Sarout, today, Tuesday, identified three reasons for the departure of the Baghdad demonstrations.
In an interview with "the information", Sorout said, "By reading the general Iraqi scene, there are 3 reasons behind the return of the demonstrations in Baghdad, the most prominent of which is the deteriorating economic situation and its repercussions on large segments, in addition to the fact that the budget that was approved has not been any activation of the project file and the movement of construction and reconstruction amid unemployment
This is a major reflection of the government’s failure to perform directly, in addition to the delayed announcement of the results of the investigations into the assassinations that have struck several governorates in recent times.
Sorout added, "The return of the demonstrations calls for a reading of the situation and finding solutions to the country's crises, and that the government is aware of the existing mistakes and seeks to address them according to methods that give justice and fairness to all segments that raise legitimate demands."
Baghdad is witnessing peaceful demonstrations with the influx of hundreds of demonstrators from various governorates of the country. link
Courtesy of Dinar Guru
Frank26 I said for me it's less than years, it's less than months, it's less than weeks, it's within days and I still believe that sincerely because everyday that has gone by has been so significant. Everyday that I've said that to you has been filled like a pregnant rhinoceros...I mean this is stuff that's big. Everyday you can see...there is a date when they're going to release the new exchange rate and that date is written in titanium.
Petra We study the articles. That's the only resource we have. We dig deep into those articles and pull out what I think are nuggets. And I'm telling you [what] we saw the last several weeks...I honestly thought this thing was happening last weekend. I honestly did. I woke up Sunday morning thinking this is the day and it wasn't. I was thinking...why did I put myself in the position to think that it would happen because we are dealing with a unique entity called Iraq...but I thought about it and thought about it and more articles came out and there was something else that I missed...I do believe we are in the final motions of the CBI. It's evident by what's going on in the world...It's all coming together...
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KTFA:
Samson: Deputy: The government practiced a method of financial fraud with the citizen
08:55 - 25/05/2021
A member of Parliament, Bassem Khashan, confirmed, Tuesday, that the government practiced a method of financial fraud towards the citizen by raising the exchange rate of the dollar, pointing out that the government no longer possesses other than cheap methods of obtaining money.
"The government is practicing a policy of financial fraud, at a time when the state has not been able to provide funds to manage itself and finance the budget, and it is also unable to reduce the salaries of employees, as it creates a major problem in the country," Khashan said in a statement to Al-Maaloumah.
He added, "The government has resorted to another method to finance the budget by raising the exchange rate of the dollar in the local market, which is what caused the siege of the citizen and the increase in poverty."
Khashan pointed out that "the cheap methods adopted by the government confirm that it does not have any means to develop resources and bring in revenues to the state, so that it would spare it from resorting to raising the exchange rate of the dollar and other methods that harm citizens." LINK
$600 Silver Price Movement is Almost Here!!! - Lynette Zang | Latest Silver & Gold Price Prediction!
Finance Daily: May 25, 2021
SRU and Max Keiser Tuesday 5-25-2021
.Silver Report Uncut
Hyperinflationary Economic Collapse By 2022 According To John Williams, Real Inflation Figures
May 25, 2021
Inflation is much higher than official predictions and the main differences are very deceiving. Food prices and apparel were where it hit consumers in the inflation during the 70's though comparing the food in the grocery store today to the fresh natural food that was common in the 70's is completely ridiculous.
Back in the 70's all of the food would be considered organic by today's standard and would only be available to those willing to pay top dollar, it's kind of sad actually.
Silver Report Uncut
Hyperinflationary Economic Collapse By 2022 According To John Williams, Real Inflation Figures
May 25, 2021
Inflation is much higher than official predictions and the main differences are very deceiving. Food prices and apparel were where it hit consumers in the inflation during the 70's though comparing the food in the grocery store today to the fresh natural food that was common in the 70's is completely ridiculous.
Back in the 70's all of the food would be considered organic by today's standard and would only be available to those willing to pay top dollar, it's kind of sad actually.
Comparing the same natural foods today reveals insane inflation in food prices.
Economist John Williams, the founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices. Williams says it comes down to “Inflation or Implosion.”
Williams explains, “You could see financial implosion by preventing liquidity being put into the system. The system needs liquidity (freshly created dollars) to function. Without that liquidity, you would see more of an economic implosion than you have already seen.
In fact, I will contend that the headline pandemic numbers have actually been a lot worse than they have been reporting. It also means we are not recovering quite as quickly.
The Fed needs to keep the banking system afloat. They want to keep the economy afloat.
All that requires a tremendous influx of liquidity in these difficult times.”
Keiser Report | Dumb Money is the New Smart Money | E1701
May 25, 2021
In this episode of the Keiser Report, Max and Stacy look at the small-time traders on the free-trading apps calling the Hertz bankruptcy right whilst billionaire hedge fund investor Carl Icahn called it wrong.
In the second half, Max continues his conversation with Karl Denninger of Market-Ticker.org about supply chains, the US dollar and the aliens landing in time to clean up the mess.
Bix Weir, Lynette Zang and Mark Gonzales Monday PM 5-24-2021
.Bix Weir:
ALERT! Bix Weir on X22 Report! Silver, Cryptos & the FAILURE of the Great Reset!
May 24, 2021
Check out my discussion with Dave at X22Report. So many people want to have their way with whatever the new monetary system is...but NOBODY will get to decide!
Bix Weir:
ALERT! Bix Weir on X22 Report! Silver, Cryptos & the FAILURE of the Great Reset!
May 24, 2021
Check out my discussion with Dave at X22Report. So many people want to have their way with whatever the new monetary system is...but NOBODY will get to decide!
Gold and Silver's Price have Something Big Coming | Lynette Zang
Invest Smart: May 24, 2021
Economic Crisis: The Downfall Of America via HYPERINFLATION | Gold & Silver - Mark Gonzales
I love prosperity: May 24, 2021
In this video, Mark breaks down how inflation works, how it will affect the future, and how it will influence the downfall of america. In this video, he breaks down how inflation is calculated, how to know what to do to prepare yourself, and investing in gold and silver.
"The Endgame Has Begun" by Lynette Zang 6-23-2021
.Lynette Zang: The ENDGAME Has Begun: Prepare For HYPERINFLATION DEPRESSION | Gold & Silver
May 23, 2021
In this video, we share a clip with Lynette Zang. Lynette says that the change in the monetary system is already here, but will take full effect when we have a hyperinflation depression.
Lynette Zang from ITM trading.
She discusses her views on the IMF plan to replace Gold/Silver with a Digital SDR.
We talk about Gold/Silver and why you should leave the system as much as possible.
Lynette Zang: The ENDGAME Has Begun: Prepare For HYPERINFLATION DEPRESSION | Gold & Silver
May 23, 2021
In this video, we share a clip with Lynette Zang. Lynette says that the change in the monetary system is already here, but will take full effect when we have a hyperinflation depression.
Lynette Zang from ITM trading.
She discusses her views on the IMF plan to replace Gold/Silver with a Digital SDR.
We talk about Gold/Silver and why you should leave the system as much as possible.
She talks about the best ways to prepare yourself financially, but also with your food/water/mindset, and more.
She says that the currency reset has begun; and it is not a one-time event. It is an ongoing cycle that plays itself out over the course of a fiat currencies lifecycle.
She says we are at the end of the US dollar lifecycle, and the reset will continue to play itself out in a massive money printing agenda.
What she describes the reset as is actually a wealth transfer.
When the wealth transfer is complete, the currency reset will be complete.
News, Rumors and Opinions Sunday 5-23-2021
.RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 23 May 2021
Compiled Sun. 23 May 2021 12:01 am EDT by Judy Byington
Judy Note: Notification at any time.
Last weekend CMKX, F&Ps, Adjudicated Settlements and PPs payouts & deliveries began moving out of Zurich, Reno, Miami & London.
Over this last week funds have moved out of Dubai Three to pay out thousands of Tier 3 CMKX and other Adjudicated Settlement accounts.
According to Fleming, as of Sat. 22 May over 250,000 CMKX packages had been delivered with an NDA, check and debit card. They would not get total liquidity until Tier 4B has gone.
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 23 May 2021
Compiled Sun. 23 May 2021 12:01 am EDT by Judy Byington
Judy Note: Notification at any time.
Last weekend CMKX, F&Ps, Adjudicated Settlements and PPs payouts & deliveries began moving out of Zurich, Reno, Miami & London.
Over this last week funds have moved out of Dubai Three to pay out thousands of Tier 3 CMKX and other Adjudicated Settlement accounts.
According to Fleming, as of Sat. 22 May over 250,000 CMKX packages had been delivered with an NDA, check and debit card. They would not get total liquidity until Tier 4B has gone.
At 7:14 am on Thurs. 20 May the RV teams received the “GO” to send out 1.4 million email notifications to Tier 4B currency and/or Zim Bond holders and then just after 6pm EST security codes were entered for a lockdown of the new currency rates and declaration of Value Day, both to begin at any time Sun. 23 May through Mon. 24 May.
The Tier 4B start was dependent upon on progress of (A) CMKX payouts (B) bond processing (vetting provenance, settlement, closing) and (C) global Deep State arrests status.
On that same Thurs. 20 May the US Treasury gave a directive to Tier 1 banks and Redemption Centers to schedule Tier 4B appointments beginning on Mon. 24 May from 9am to 11pm.
There would be fourteen days of Zim redemption and currency exchanges at the special rates, though appointments could be set up to 30 days away.
After the fourteen days, Zim redemption and the special rates would end (unless you had made an appointment at a Redemption Center within that 30 day window) and then the general public would begin exchanging at the new international rates.
Read full post here: https://dinarchronicles.com/2021/05/23/restored-republic-via-a-gcr-update-as-of-may-23-2021/
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TNT:
Tishwash: The Central Bank launches the "Scorecard" project to strengthen supervision in the banking sector
The Central Bank of Iraq announced, on Sunday, that it has completed the scorecard project for environmental, social and governance standards in cooperation with the International Finance Corporation (IFC) affiliated with the World Bank Group, indicating that the project aims to "address supervisory issues in the banking sector."
In a statement received by Al-Iqtisad News, the Central Bank said that it had adopted “the application of institutional governance in banks as a goal within the strategic plan for the period (2016-2020) to strengthen the control and supervision systems based on international best practices in this field as well as keeping pace with developments in banking services." .
The statement added, "The Scorecard project represents (the quantitative measure) of environmental, social and governance standards."
He pointed out that "the project will be launched through a hypothetical meeting on the twenty-sixth of the current May, in the presence of relevant local and international institutions, relevant authorities and representatives of the Iraqi banking sector."
In his statement, the Central indicated that "work has started on this project at the end of 2019, as pilot tests for the scorecard were conducted during the period (2020-2021) with the participation of all commercial and Islamic banks operating in the Iraqi banking sector." link
Jambie67: LOLOL!!!! The article literally says, “ He pointed out that "the project will be launched through a hypothetical meeting on the twenty-sixth of the current May...” A hypothetical meeting. Who has hypothetical meetings? What the heck is a hypothetical meet up?
Junebug: My guess hypothetical means the same as virtual in Iraq.
Yada: The one thing we have to consider when reading the articles is they are addressing a population who don’t know what we know. It sounds like one thing …but know what they have to do.
Shybaby: either way... it is a strong and bold and in the right direction ... most favorable for the RV…and a direct statement from the CBI
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Keiser Report | Real Interest Rates, Real Speculation | E1700
May 22, 2021
In this episode of the Keiser Report, Max and Stacy look at the central bank-sponsored speculation driving asset bubbles and retail shortages.
In the second half, Max talks to Karl Denninger of Market-Ticker.org about the underlying reasons for the Colonial Pipeline hack and ensuing gasoline shortages.
Risky Business: "Hyperinflation will force USA to revalue Gold Price to $50,000," says Larry Lepard
I love Prosperity: May 21, 2021
In this video, we talk to Larry Lepard. He says that inflation is only just starting. When inflation turns into hyperinflation and people lose faith in currency, they will be forced to revalue the price of gold to $50,000.
Larry says that gold, silver, and mining stocks are a great place to invest, and he believes that it is a once in a lifetime opportunity to get ahead of a trend.
Larry says governments will be unable to resist the temptation for printing money, until inflation turns into hyperinflation.
Risky Business: "Hyperinflation will force USA to revalue Gold Price to $50,000," says Larry Lepard
Basel III, Gold, The Dollar and the Great Reset
.Basel III, Gold, The Dollar And The Great Reset
By Andrew Lane Commodities Mar 15, 2021
Basel III as outlined in my previous two articles, could lead to a dramatic change in gold prices with a serious fall out in other market sectors. With June 28 2021 approaching where the new NSFR standards become implemented, we look at how the dollar will react, and whether the Basel III implementation is a front for a much bigger macro event.
The most important characteristic of Basel III, the NSFR implemented by the BIS commences on the June 28 2021. The LBMA – who have tried and successfully pushed back for years – have been granted an extension to this (again) however this will likely not matter one iota as banks and countries for that matter are already signing up to compliance. Therefore while an extension has been granted to the LBMA, with the rest of the 63 countries acquiescent, it is hardly an allowance of exemption of the rules.
Basel III, Gold, The Dollar And The Great Reset
By Andrew Lane Commodities Mar 15, 2021
Basel III as outlined in my previous two articles, could lead to a dramatic change in gold prices with a serious fall out in other market sectors. With June 28 2021 approaching where the new NSFR standards become implemented, we look at how the dollar will react, and whether the Basel III implementation is a front for a much bigger macro event.
The most important characteristic of Basel III, the NSFR implemented by the BIS commences on the June 28 2021. The LBMA – who have tried and successfully pushed back for years – have been granted an extension to this (again) however this will likely not matter one iota as banks and countries for that matter are already signing up to compliance.
Therefore while an extension has been granted to the LBMA, with the rest of the 63 countries acquiescent, it is hardly an allowance of exemption of the rules.
When considering the fallout this could have, at this juncture there are some analysts that believe this could be the end of the dollar (many still believe the dollar to be on its knees by the end of 2021 regardless of Basel III) and some that still cling on to its stature as the world’s reserve currency and it won’t be allowed to fail. Gold is money, and there’s an argument to say it’s a currency as its value is traded against the US dollar.
If you buy gold you are effectively shorting the dollar or betting its value will decrease. Whilst there is obviously more to it than that, fiat currency has and continues to lose purchasing power over the years. Gold has always been a hedge or security against dollar debasing and inflation.
So how will this affect the dollar? Well there is a very interesting situation bubbling away and this comes from China. It is widely known that since the Basel III rules were announced the Chinese have been stockpiling gold. They also mine it so it is impossible to know exactly how much they have but many estimates claim around 20,000 Tonnes – way more than is currently declared.
If this is true, it well and truly trumps the USA’s stockpile. China has been trialling their new digital currency and it would make sense that this could be a pretext for a digital or cryptocurrency Gold backed format that will launch to rival or replace the dollar.
It is no secret China wants their currency as the world’s reserve and in 2016 the IMF added the Yuan to The Special Drawing Rights basket. (although it sits with others and nothing has happened since) Notwithstanding this, the digital Yuan is ground breaking and could be unleashed as a gold backed currency. At the very least, the Chinese still see gold holdings as sine qua non. Perhaps their gold amassed1§ figure will be disclosed when Basel III is implemented as they see an opportunity to power in before others do.
Putting to one side the rumoured stockpile, China is less and less reliant upon the dollar now, and they are very well placed should it fail.
However they aren’t the only big economy that is loosening ties. In the last decade Russia has dumped the dollar and quadrupled its gold holdings with Putin stating Russia is now not reliant on the US currency whatsoever. It is even rumoured there is an alliance between China and Russia on destroying the dollar. If the dollar was to fail and if the last year is anything to go by, the remainder of 2021 could see an explosion in commodity prices. History has taught us that financial systems move in cycles, and the dollar could be in its final stages.
So returning to the upcoming event, back in 2018 the World Gold Council stated that central banks, in response to the Basel III rule changes added 651 Tonnes of Gold to their reserves in 2018. This was a 50-year record.
Bear in mind at the time Basel iii rules were scheduled to commence the next year. Before the Basel iii NSFR rules, banks holding Gold was costly and not particularly worthwhile as a Tier 3 asset.
Now a Tier 1 asset, Gold is attractive to hold because it can and will be used as security to back lending, and potentially offset debt. Currently and for years the Tier 1 assets have consisted of Treasury Bonds and cash. Fiat as mentioned above loses purchasing power over time and Treasury Bonds come with other problems. Gold however carries no counterparty risk.
We know how manipulated futures markets are when paper trading accounts for more than 95% of market moves in gold. So what happens when paper gold isn’t traded anymore? After Basel III derivatives will still exist in the form of ETFs and such like, but it will push a physical market.
The naked shorts have to unwind soon, and the price action over the last week is starting show signs of this. It may well push the end of derivatives as it could prove too costly with the new haircut imposed.
So if central banks are full to the rafters with physical gold, countries stockpiling and the world reserve currency plummeting, are we heading towards a Gold backed standard again? Is the great monetary reset hidden behind Basel III? Let’s consider this possibility further.
Debt levels are the highest they have ever been and there is no strategy to suggest that this is going to turn around any time soon. In the US the Fed is printing $120bn a month consisting of $80bn in Treasury debt and $40bn in mortgage backed securities. I don’t think anyone believes the narrative that we are out the other end of this Covid collapse.
According to almost all reports on net trading figures, less than 1% of traders across the world hold gold in their portfolios. What could the price of gold get to, when paper disappears and this figure jumps to even 3% of physical, let alone higher? It feels like we are on the precipice of huge change here.
The banking system is broken and needs a huge overhaul, and this could be it. This Keynesian approach just isn’t working.
Crazy numbers have been thrown around on what gold prices could rise to, and I’ll leave you to form your own opinion on what big industry analysts are predicting. However if we were to remove all the “could” out of the noise around Basel III, one key fact is clear:
The NSFR will considerably reduce, if not completely eliminate naked shorting of paper gold by the big banks. They have to have a provable 1:1 ratio of physical gold which will be audited to trade or use it. Paper gold and derivatives will become incredibly expensive and will be traded far, far less.
This alone will lead to price discovery, a fair price for Gold. What that price is we will find out on the June 28 2021 and beyond. If the dollar does collapse then we could be talking numbers beyond our wildest dreams. No wonder many big name precious metal analysts are calling this the most significant event of their careers.
Read full article here: https://www.investing.com/analysis/basel-iii-gold-the-dollar-and-the-great-reset-200567220 https://www.investing.com/analysis/basel-iii-gold-the-dollar-and-the-great-reset-200567220
News, Rumors and Opinions Friday Afternoon 5-21-2021
.KTFA:
Don961: The US Treasury targets cryptocurrencies to increase its "revenue"
{Economic: Al Furat News} The US Treasury Department has called for a tax on transfers of cryptocurrencies between companies, as it looks to increase revenues to finance a proposed $ 1.6 trillion plan aimed at expanding education and social insurance.
This idea is part of a larger effort to fund a plan to support American families, including raising taxes on the wealthy, and states that “companies that receive crypto assets with a fair market value of more than $ 10,000” must be declared to the “Internal Revenue Service” responsible for taxes .
The Treasury Department indicated that accounts or payment services that use cryptocurrencies such as Bitcoin are also covered by the new reporting requirements.
KTFA:
Don961: The US Treasury targets cryptocurrencies to increase its "revenue"
{Economic: Al Furat News} The US Treasury Department has called for a tax on transfers of cryptocurrencies between companies, as it looks to increase revenues to finance a proposed $ 1.6 trillion plan aimed at expanding education and social insurance.
This idea is part of a larger effort to fund a plan to support American families, including raising taxes on the wealthy, and states that “companies that receive crypto assets with a fair market value of more than $ 10,000” must be declared to the “Internal Revenue Service” responsible for taxes .
The Treasury Department indicated that accounts or payment services that use cryptocurrencies such as Bitcoin are also covered by the new reporting requirements.
The ministry said in a presentation of the proposal that “although it constitutes a relatively small portion of business income now, the importance of cryptocurrency transactions is likely to increase in the next decade, especially in light of the existence of a large-scale system for preparing financial accounts reports”.
The taxation of digital assets is part of a larger plan by the Treasury to increase the number of employees and law enforcement authorities at the IRS aimed at bridging the gap between what the government owes and what it actually receives.
The ministry estimated that the gap amounted to about $ 600 billion in 2019 and will rise to nearly $ 7 trillion over the next decade, unless addressed.
The plan to support American families is one of two huge proposals by President Joe Biden. The second is the American jobs plan, which aims to renew the country's infrastructure, at a cost of about $ 2 trillion.
With Democrats controlling Congress by a narrow margin, Biden is under pressure to find ways to fund both plans and get the necessary votes from Republicans to pass them.
Bitcoin, Dogecoin, Ethereum and other digital currencies have increased in popularity and value over the past year as a result of the economic turmoil caused by the Covid-19 epidemic and the promotion of these currencies by some companies.
The Federal Reserve is studying the creation of its own digital currency, and Thursday said that it will publish this summer a study discussing the impact of this on payment systems and the possibility of issuing a digital currency backed by the United States. LINK
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Courtesy of Dinar Guru
Frank26 Something has happened and what I believe is happening is that there are many codes that are being established and are being implemented with the Iraqi banks. I believe they are for imports, exports. I believe it's for an exchange rate that is not public yet...
Walkingstick [via Frank26] Question: [How does a central bank know when their exchange currency rate needs adjusting?] They know it because a central bank monitors its exchange rate on a daily basis. This bull ka-ka that's coming out of Iraq 'We're going to study it for the next 4 years' No central bank studies any exchange rate for no futuristic 4 year projects...every central bank on this planet earth has to intercede on its exchange rate when necessary. By pumping in currency into their markets or taking out currency out of their markets...
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SILVER ALERT! COMEX July Silver Contract = 730Moz of Potential DELIVERIES!! (Bix Weir)
May 21, 2021
Don't expect much in Silver action until mid June (only 3 weeks away!) as the JULY COMEX Delivery Month is shaping up to be a DOOZY! There's currently 730Moz of Silver Open Interest...all of which could be called for DELIVERY! Usually the banksters play their shell games but with the Congressional Meetings coming up next week I'm not so sure they will be able to get away with much more in the short term silver rigging operations. GOT SILVER?!
Lynette Zang Shares a Huge Indication of Currency Collapse | Currency Collapse Begun
Money Martterz: Premiered 23 hours ago
In this video, Lynette Zang shares a huge indication that shows currency collapse is near or maybe already started.