News, Rumors and Opinions Monday Morning 8-9-2021
.Holly Monday Rv News:
Reposted from Friday as this is the rollout of what we are waiting on.
We are still waiting for D1 to become LIQUID, it has not yet. All is funded but it is still not released for liquidity.
I would have food, water and supplies on hand as this week could be quite volatile. Expect anything to happen and be prepared.
We are waiting for “event” to trigger the Rv.
Mike Lindell’s symposium are scheduled August 10,11,12th.
The Az audit should be coming out immediately afterwards. This could be the “event”.
FEMA announced awhile ago the EBS “test” is August 11th. (Interesting timing)
Holly Monday Rv News:
Reposted from Friday as this is the rollout of what we are waiting on.
We are still waiting for D1 to become LIQUID, it has not yet. All is funded but it is still not released for liquidity.
I would have food, water and supplies on hand as this week could be quite volatile. Expect anything to happen and be prepared.
We are waiting for “event” to trigger the Rv.
Mike Lindell’s symposium are scheduled August 10,11,12th.
The Az audit should be coming out immediately afterwards. This could be the “event”.
FEMA announced awhile ago the EBS “test” is August 11th. (Interesting timing)
Nesara/Gesara will be announced August or September and debt will be forgiven.
The QFS is not fully operational. It is only operating country to country. Banks just got switched over but it is not in the retail side of banking yet. It has being brought out in phases.
The RV needs to have D1 released for liquidity in order for everything else to happen. This still has not happened yet.
Why? Because there is still cabal interference and they block it and ongoing arrests.
The protocols have switched slightly:
A. D1 released for liquidity which then triggers D2&3
B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!
This is a transition not a transaction! Never, ever give up!
Courtesy of Dinar Guru
Walkingstick & Frank26 The new exchange rate is wrapped up in the minutia of the implementing of the White Papers and both the reforms - economic and monetary - right now. They can't say directly to you, 'This is the new exchange rate.' But they don't have to. Every action being taken...is a reflection of both of the reforms...all the minutia, the details, to the smallest dot dotted to the biggest T crossed, every detail is in the White Papers and so is the new exchange rate.
Frank26 When they introduce the new exchange rate and when they introduce the new small category notes they are preparing the money exchangers in Iraq to do away with the black market...basically to do away with Iran...who owns the money exchangers in Iraq? Iran! Every money exchanger is literally sponsored by a parliamentary agent...they're getting rid of the profiteering...I love what I'm seeing! There's so much authority. So much sovereignty. So much control. So much security. So much stability. So much value coming soon!
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KTFA:
Samson: The Minister of Finance stresses the importance of adopting systematic mechanisms and steps in accordance with the white paper
8th August, 2021
Minister of Finance Ali Abdul Amir Allawi stressed, on Sunday, the importance of adopting mechanisms and systematic steps, according to what was stated in the white paper.
And the Ministry's media office stated in a statement, "The Minister of Finance, Abdul Amir Allawi, chaired the sixteenth session of the committee for preparing the budget strategy for the years 2022-2024, and in the presence of the head of the General Authority for Monitoring Federal Ministries' allocations, the Undersecretary, the Prime Minister's advisors, the ministry's advisor, and a number of the ministry's general directors."
He added, "During the session, a comprehensive report was presented on the strategic plans for the governorates: (Babylon, Anbar, Dhi Qar, and Wasit) and their future vision in the context of achieving economic development, activating the investment aspect in them, and supporting efforts to advance the service and infrastructure reality, provide job opportunities and reduce levels of employment." poverty in those provinces.
He continued, "The meeting discussed defining and discussing ceilings for oil and non-oil revenues, according to the report submitted by the head of the General Authority for Monitoring the allocations of the federal ministries."
Allawi stressed, according to the statement, "the importance of adopting systematic mechanisms and steps in accordance with scientific frameworks, including according to what was stated in the economic reform paper (white paper). LINK
"Lighting Fast" Move To $200 Silver / $8000 Gold | Michael Oliver
Liberty and Finance: Premiered Aug 7, 2021
The next move in gold and silver are going to be "lightning fast," says Michael Oliver.
Based on past gold bull markets and current momentum indicators, he expects $8000/oz for gold. His price target for silver is $200/oz.
Can Gold and Blockchain Fix a Broken Monetary System? George Gilder
.Can gold and blockchain fix a broken monetary system? George Gilder
Kitco News: Aug 7, 2021
“We need to establish a ground state for the world economy, which will bring gold back into play through the expression of money as time,” said George Gilder, America’s top tech futurist, and best-selling author.
He is referring to Blockchain technology. Blockchain is a decentralized distributor of digital assets on the internet which is transparent and cannot be modified.
Cryptocurrencies use Blockchain technology to record and secure online transactions.
Ground state is a physics term that describes the lowest energy state of a quantum-mechanical system. It is also known as the zero-point energy of the system.
Can gold and blockchain fix a broken monetary system? George Gilder
Kitco News: Aug 7, 2021
“We need to establish a ground state for the world economy, which will bring gold back into play through the expression of money as time,” said George Gilder, America’s top tech futurist, and best-selling author.
He is referring to Blockchain technology. Blockchain is a decentralized distributor of digital assets on the internet which is transparent and cannot be modified.
Cryptocurrencies use Blockchain technology to record and secure online transactions.
Ground state is a physics term that describes the lowest energy state of a quantum-mechanical system. It is also known as the zero-point energy of the system.
Economists Views on Gold, Central Banks and the coming "Crash" 8-8-2021
.Global Central Bank Rift Grows: Gold vs US dollar
Miles Harris: Aug 5, 2021
f course Central Banks work together towards fulfilling their role of ever greater control but their remains a high degree of competition between their endeavours and it is clear now that Central Bank policy differs widely around the world due to the vested interests involved.
The Washington consensus really appears to be giving way towards a new global consensus that places a key value upon a nations own self determination as opposed to that determined by outside interests.
This is keenly reflected by the differing attitudes towards gold among global central banks. With the likes of the ECB marking gold to market they have a clear interest in ensuring a healthy gold price is maintained.
Global Central Bank Rift Grows: Gold vs US dollar
Miles Harris: Aug 5, 2021
f course Central Banks work together towards fulfilling their role of ever greater control but their remains a high degree of competition between their endeavours and it is clear now that Central Bank policy differs widely around the world due to the vested interests involved.
The Washington consensus really appears to be giving way towards a new global consensus that places a key value upon a nations own self determination as opposed to that determined by outside interests.
This is keenly reflected by the differing attitudes towards gold among global central banks. With the likes of the ECB marking gold to market they have a clear interest in ensuring a healthy gold price is maintained.
This is juxtaposed by the likes of Canada, with no gold reserves, and the Fed with a fixed gold price of $42.22 per oz.
Jim Rickards …40% CRASH Coming! THE SYSTEM IS GOING DOWN GET OUT - And Return To Gold
Silver and Gold Predictions: Premiered Aug 1, 2021
June Trade Deficit Sets New Record of $75 7 Billion
The Nomad Economist: Premiered 119 minutes ago
The US Trade Balance shows the deficit and surplus of US trade for Imports and Exports. A deficit occurs when imports are greater than exports.
When the Trade Balance is in deficit (which it has been for decades), it accounts for one of the two components of the Twin Deficits.
The Fiscal Deficit accounts for the other component and was reviewed
David Hunter and Bix Weir Friday 8-6-2021
.David Hunter
The Central Bankers Have No Playbook for What is Coming Next
GoldSilverpros:
We revisit a very special interview with David Hunter, the Contrarian Macro Economist, who visited us in May.
His view is that the central bankers cannot control what is going to happen.
We revisit some of his predictions on the economy, inflation, and commodities that are holding true by looking at what the data says now.
Even more interesting, his view on the crash starting in Q3-Q4 of this year and the eventual collapse of this system.
David Hunter
The Central Bankers Have No Playbook for What is Coming Next
GoldSilverpros:
We revisit a very special interview with David Hunter, the Contrarian Macro Economist, who visited us in May.
His view is that the central bankers cannot control what is going to happen.
We revisit some of his predictions on the economy, inflation, and commodities that are holding true by looking at what the data says now.
Even more interesting, his view on the crash starting in Q3-Q4 of this year and the eventual collapse of this system.
SILVER ALERT! Bank of America Traders Found GUILTY of Rigging Silver Markets!! (Bix Weir)
Aug 5, 2021
2 Bank of America silver traders were found GUILTY of manipulating the market for silver from 2008-2014...the SAME TIME that Gary Gensler was the Head of the CFTC!!
Lynette Zang "Gold CBDC's & Bonds" Q&A 8-5-2021
.Lynette Zang:
GOLD, CBDC's & BONDS...Q&A WITH LYNETTE ZANG
Streamed live 3 hours ago
Question 1: 2:16 The SBA (Small Business Administration) is pushing money again. No collateral and low interest for businesses impacted by the COVID pandemic. If the system is about to collapse – should we take more funds now? And if so, what happens to these debts when there is a reset? I can’t see the real government continuing with, for example, the unregulated derivative debts… I wonder if this is really a move to help people buy gold and silver to sustain through the rest of the war and reset?
Lynette Zang:
GOLD, CBDC's & BONDS...Q&A WITH LYNETTE ZANG
Streamed live 3 hours ago
Question 1: 2:16 The SBA (Small Business Administration) is pushing money again. No collateral and low interest for businesses impacted by the COVID pandemic. If the system is about to collapse – should we take more funds now? And if so, what happens to these debts when there is a reset? I can’t see the real government continuing with, for example, the unregulated derivative debts… I wonder if this is really a move to help people buy gold and silver to sustain through the rest of the war and reset?
Question 2: 8:30 In your most recent series, new data on the global reset, you talked about EBITDA as well as Junk Bonds vs Graded Bonds, why are these important?
Question 3: 14:02 Why is dollar to gold ratio on the U.S. debt clock going down?
Question 4: 15:11 How and/or does a life-long structured settlement, from a won law suite, get affected by the reset and/or bail in's? The payments are directly deposited monthly & the settlement is paid by American International Life previously AIG.
Question 5: 18:30 For those of us with their assets in precious metals, what are the likely scenarios once the Great Reset occurs and CBDCs have replaced paper fiat currency? -How would we ever realize a true value of the precious metals? -If you need to tap into your "insurance" precious metals how do you liquidate into a CBDC? My understanding is that they will redistribute your CBDCs if you own more than what they consider to be a fair share.
Question 6: 25:42 My question is on buying houses. Large corporations buying, would that keep the house prices higher?
Fleming, Pimpy, Mike Maloney and more Thursday Afternoon 8-5-2021
.Fleming Thursday RV Report
Our military intel contact said DoD already took care of the Fed FDIC block of accounts; he said it was not really a Fed/FDIC problem but was related to the problem with Yellow Dragon bonds earlier this week for which DoD needed to update security arrangements & have contracts updated, also needed for all key bonds controlling liquidity for D1, D2, D3 to release the final cascade to all levels from tomorrow Thu 5 Aug forward; He said that the Fed & FDIC are under UST & DoD is in control so the fix was done relatively quickly;
His info matches Mr Fleming’s sources saying tonight Wed 4 Aug “[we are] hearing of undisclosed movement in the right direction”; he said that within hours there is expected to be a global release to start payouts at all remaining tier levels, and MarkZ’s bond holder sources today Wed 4 Aug were still being told this timing for the resumption of bond payouts & as TX Snake’s 5-State exchange banker also mentioned;
Fleming Thursday RV Report
Our military intel contact said DoD already took care of the Fed FDIC block of accounts; he said it was not really a Fed/FDIC problem but was related to the problem with Yellow Dragon bonds earlier this week for which DoD needed to update security arrangements & have contracts updated, also needed for all key bonds controlling liquidity for D1, D2, D3 to release the final cascade to all levels from tomorrow Thu 5 Aug forward; He said that the Fed & FDIC are under UST & DoD is in control so the fix was done relatively quickly;
His info matches Mr Fleming’s sources saying tonight Wed 4 Aug “[we are] hearing of undisclosed movement in the right direction”; he said that within hours there is expected to be a global release to start payouts at all remaining tier levels, and MarkZ’s bond holder sources today Wed 4 Aug were still being told this timing for the resumption of bond payouts & as TX Snake’s 5-State exchange banker also mentioned;
He said payouts into accounts have quietly continued to F&P-adjudicated-settlements-PP accounts and to T3 group accounts, tomorrow Thu 5 Aug the 6 levels of thousands of paymasters globally assigned to pay out lower levels of T3-T4A beneficiary accounts will have their paymaster beneficiary accounts paid out by UST, with the process moving to T4B before the week is out (his current info), if the DoD security teams and the legal teams don’t find reason to have to pause the progress (pray);(edited)
He said that for security purposes DoD & UST have been releasing the global payouts methodically daily from upper levels to lower levels in what DoD & UST call “a controlled operation payout release,” a percentage of funds have been quietly accessed in upper level T3 bond holder accounts and F&P (+adjudicated+PP) accounts, so that the money that’s been methodically paid into accounts will reach us in T4B shortly—
The money is moving behind the scenes making many T3 beneficiary recipients quietly (NDA) celebrate the past 6 days, something we can all look forward to shortly;
He said this is still a military operation
So he said keep prayers going up and know that shortly we will all be able to cross the finish line, as many in T3 groups have already been blessed to do.(edited)
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Courtesy of Dinar Guru
Pimpy Article: "Congress Passes Iraq War Authorization Revocation Act" This is good news. As they work toward their [Iraq's] sovereignty. First of all we have to get the hell out of there. Congress made it official. It passes the Iraq War Authorization Revocation Act. In other words they revoked their need to be into war there...looks like congress passed it. What's left the senate? ...it's time for them [Iraq] to kick the training wheels off and let these bad boys learn how to ride that bike. I have faith in Iraq - Have faith in their current administration.
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Mike Maloney
Stimulus Cash Would Reach to Mars & Back - In Gold We Trust (Part 3)
To Mars and back. That is how long the latest ‘stimulus’ currency would be if lined up as one-dollar bills. What are the repercussions of this unprecedented currency creation?
The Gold Standard, Explained
May 6, 2013
Before 1974, U.S. dollars were backed by a gold standard. This meant that the federal government could not print more money than it could redeem for gold.
While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services.
Today's paper currency has no intrinsic value. It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse.
Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard?
Economist Views on Nixon, Fiat and the Gold Standard
.Gold Standard 50th Anniversary
Jul 29, 2021
The Gold Standard Ended 50 Years Ago. Federal Debt Has Only Exploded Since
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies.
And yet there were still restrictions on private ownership of gold coins, bars and the like. It wouldn’t be until President Gerald Ford signed a bill in December 1974 that Americans could freely buy and trade bullion, for the first time in over 40 years.
Gold Standard 50th Anniversary
Jul 29, 2021
The Gold Standard Ended 50 Years Ago. Federal Debt Has Only Exploded Since
This year marks the 50th anniversary of the end of the gold standard in the U.S. In August 1971, President Richard Nixon formally unpegged the U.S. dollar from gold, meaning the greenback was no longer convertible into bullion. Overnight, the dollar became a free-floating currency, measurable only by comparing it to other world currencies.
And yet there were still restrictions on private ownership of gold coins, bars and the like. It wouldn’t be until President Gerald Ford signed a bill in December 1974 that Americans could freely buy and trade bullion, for the first time in over 40 years.
A lot happened as a result. Its price no longer fixed, gold exploded 385% from the end of 1974 to 1980, when the metal topped out at $850 an ounce as the U.S. coped with historic levels of inflation.
The Age of Runaway Debt
The drawback is that, in the years since the end of the gold standard, there’s been a significant and growing lack of discipline when it comes to government spending. Before 1971, there was a natural limit to how much money could be printed. New issuances were dependent on the amount of gold sitting in the nation’s coffers.
Today, with the dollar backed not by a hard asset but by the “full faith and credit” of the U.S. government, the federal debt is closing in on an astronomical $28 trillion, which is more than 130% of the size of the U.S. economy.
The End of the Gold-backed US-$ - Nixon Shock in August 1971
ChessCoach: Apr 23, 2016
This ground-breaking speech ("The Challenge of Peace") by US president Richard Nixon was the prelude to the end of the Bretton Woods System from 1944. Before the 'Nixon shock', foreign currencies were comfortably put into a defined relation to the US-$. US
How Nixon Killed the U.S. Dollar
Aug 11, 2014
On August 15 1971, President Nixon removed the final link between the dollar and gold -- and forever changed the face of the U.S. economy.
More News, Rumors and Opinions Monday Afternoon 7-19-2021
TNT:
.Tishwash: BAGHDAD RETAINED PORTION OF 200BN IQD TRANSFER TO REPAY LOAN OWED BY ERBIL: KRG ADVISOR
An economic advisor to Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani said on Sunday (July 18) that Iraq’s federal government transferred 180 billion Iraqi dinars ($123 million) to the Kurdistan Region, not the 200 billion dinars ($137 million) that was announced.
During an appearance on NRT’s Tawtwe interview program, advisor Rebaz Hamlan explained that Baghdad kept 20 billion Iraqi dinars ($13 million) of the expected total and used that to repay a money owed to the Trade Bank of Iraq (TBI) by the KRG
TNT:
Tishwash: BAGHDAD RETAINED PORTION OF 200BN IQD TRANSFER TO REPAY LOAN OWED BY ERBIL: KRG ADVISOR
An economic advisor to Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani said on Sunday (July 18) that Iraq’s federal government transferred 180 billion Iraqi dinars ($123 million) to the Kurdistan Region, not the 200 billion dinars ($137 million) that was announced.
During an appearance on NRT’s Tawtwe interview program, advisor Rebaz Hamlan explained that Baghdad kept 20 billion Iraqi dinars ($13 million) of the expected total and used that to repay a money owed to the Trade Bank of Iraq (TBI) by the KRG
He also clarified that last week’s transfer is not the Region’s budget share, but rather a stipend that Baghdad is paying to Erbil.
Hamlan said that the KRG Council of Ministers will meet after Eid al-Adha, which begins on Tuesday, about public sector salaries and could decide to end or reduce unpopular cuts if the government’s income exceeds 897 billion Iraqi dinars ($615 million) per month.
During 2020, the KRG struggled to pay salaries to its public sector workers, missing five monthly disbursements entirely and cutting four others by nearly a quarter. Government employees have had their pay cut by twenty-one percent each month so far this year.
The salary cuts have had a significant effect on the economy of the Kurdistan Region because of the KRG’s role as the Region’s most important employer.
Average household employment income has fallen by a third in the Region since March 2020, according to UN agencies. link
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Courtesy of Dinar Guru
Frank26 In history no redenomination has ever been kept a secret. If so then it would have failed. Why do you think it's so important for the international world to know the things that you are suspecting and smelling and saying what's going on? You know what's going on. You just can't spring the monetary reform on the citizens of Iraq. No. Education is the process now. And what they are teaching them about is...the new exchange rate and the new small category notes. They're making it very clear to the citizens of Iraq that they're changing the rate. That they're changing their currency...everybody is against the wall. We're only waiting for the CBI to give us a date...
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KTFA:
Samson: Al-Kazemi talks about Iran's debts
The Iraqi Prime Minister, Mustafa Al-Kazemi announced, on Sunday, the existence of a mechanism to pay the debts owed by Iraq in favor of Iran, while confirming that the completion percentage reached 85% in the file of the electrical connection with the Gulf countries.
The Prime Minister indicated that the Iraqi government "found a mechanism for the Iranian debt file," noting that "political corruption spoiled the process of providing services to citizens, and that the country's exposure to security and economic collapse was the reason behind accepting the prime minister's job."
Prime Minister Mustafa Al-Kazemi in a televised interview:
Al-Kazemi: We found a mechanism for scheduling Iranian debts
Al-Kazemi: We have to believe in the future, change reality in the elections... LINK
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Ross: Interesting choice of words...I wonder what that mechanism could be ??
After months of delays due to controversial clauses that almost led to political conflicts, Parliament passed the budget law for the current year, a law that most of its clauses are still suspended awaiting activation for implementation, for reasons that are still unknown.
(Maybe needs some mechanism to activate?)
Wells Fargo Freezing Credit Signals Real DANGER Ahead | What's Really At Stake
I Love Prosperity: Jul 19, 2021
A lot of people are talking about Wells Fargo freezing credit. But let's put this whole thing into perspective, and tie it back into the whole big picture. So, In this video we talk to my personal gold and silver dealer, Mark.
I bought the majority of my bullion from Mark, and we've had many fantastic and interesting conversations about the Wells Fargo Freezing Credit, the Bank of International Settlements, currency reset, gold, silver, precious metals, and what the future looks like.
Mark breaks down his views on Gold and Silver being unobtainable shortly, and how this will impact ordinary people, what the currency reset will look like, the devaluation of the US dollar, and much more...
Bill Holter: Credit Market Implosion In 72 Hours! We're At The End Game.
As Good as Gold Australia: July 17, 2021
In this absorbing interview, Brian and Darryl Panes from As Good As Gold Australia, interview precious metals and financial icon, Bill Holter from JSMineset.com
Bill discusses the potential ramifications attached to Wells Fargo's decision to suspend credit lines to existing clients. Is the credit bubble popping and what if the banking sector at large follows suit?
It's the end game, a 72 hour credit market implosion. Are we heading into a deflationary or inflationary economy, or are we about to experience both?
What can we expect from gold and silver? We have unprecedented demand from both industrial and commercial sources.
Solar energy and electric car manufacturers will demand half the world's annual silver production - this is new to the industry. What impact do you think this will have on silver prices?
Bill's advice.... get it while you can. You have been warned.
Basel III and London's Relationship With Gold- Bob Coleman
.Bob Coleman: Basel III and London's Relationship with Gold
Palisades Gold Radio: Jul 18, 2021
Tom welcomes Bob Coleman from Idaho Armored Vaults to discuss his article and views on the recent Basel III regulations.
The regulations are difficult to decipher, and you have to study them carefully to get the complete picture.
Bob explains the gradual structural changes that have been occurring since 2016 in the banking system. Banks have been exiting positions or altogether leaving the gold business due to these impending rule changes.
He explains how the clearing mechanisms function for the banks and how it moves risk to exchanges like the CME. Basel III attempts to clean up and de-risk bank balance sheets from unallocated metals programs.
Bob Coleman: Basel III and London's Relationship with Gold
Palisades Gold Radio: Jul 18, 2021
Tom welcomes Bob Coleman from Idaho Armored Vaults to discuss his article and views on the recent Basel III regulations.
The regulations are difficult to decipher, and you have to study them carefully to get the complete picture.
Bob explains the gradual structural changes that have been occurring since 2016 in the banking system. Banks have been exiting positions or altogether leaving the gold business due to these impending rule changes.
He explains how the clearing mechanisms function for the banks and how it moves risk to exchanges like the CME. Basel III attempts to clean up and de-risk bank balance sheets from unallocated metals programs.
The regulations don't prevent banks from entering riskier trades, but they require banks to back them with additional collateral reserves.
This will increase the banks' costs for conducting such trades. In most cases, the banks will not be the counterparty; instead, the exchanges will take on that risk.
These rule changes do not mean the end of derivative or futures markets, but we will likely see a lessening of bank involvement. The Basel committee justifies its risk assessment for gold since gold tends to decline when good financial news occurs.
Basel III needs the regulatory bodies of each country to enforce their guidelines. As a result, expect some room for negotiation behind the scenes.
For the LBMA business will continue almost like normal, but the market may require additional transparency from these exchanges.
However, for the average investor, this is a gradual long-term structural adjustment and is unlikely to have any sudden impact on the market.
Time Stamp References:
0:00 – Introduction
0:30 - Basel Breakdown
1:26 - Clearing vs. Deposits
6:14 - Exchange Oversight
8:37 - Derisking the Banks
13:00 - Activity Types
16:37 - RSF Factors
17:27 - Clearing Exempt
19:05 - Gold Classification
23:21 - More Like Guidelines
24:54 - Concluding Thoughts
27:02 - Lords of Finance
29:08 - Wrap Up
Talking Points From This Episode
- Demystifying the Basel III regulations.
- Why do the Basel regulators consider gold somewhat risky.
- Regulations have to be adopted on a country by country regulatory level.
- The net overall effect on the gold markets.
More News, Rumors and Opinions Thursday Afternoon 7-15-2021
.KTFA:
Samson: Al-Kazemi's government sets the days of the Eid al-Adha holiday
15th July, 2021
The General Secretariat of the Council of Ministers set, on Thursday, the Eid al-Adha holiday in Baghdad and the provinces.
In a statement received by Shafaq News Agency, the secretariat stated that "the blessed Eid al-Adha holiday will start on Sunday, 7/18/2021 and end on Saturday, 7/24/2021."
And she added, "The official working hours in all state departments will resume on Sunday, 7/25/2021."
KTFA:
Samson: Al-Kazemi's government sets the days of the Eid al-Adha holiday
15th July, 2021
The General Secretariat of the Council of Ministers set, on Thursday, the Eid al-Adha holiday in Baghdad and the provinces.
In a statement received by Shafaq News Agency, the secretariat stated that "the blessed Eid al-Adha holiday will start on Sunday, 7/18/2021 and end on Saturday, 7/24/2021."
And she added, "The official working hours in all state departments will resume on Sunday, 7/25/2021." LINK
Samson: The arrest of an officer with the rank of major, who stole the salaries of camp members in Basmaya
15th July, 2021
Today, Thursday, the Military Intelligence Directorate announced the arrest of a major officer who stole the salaries of members of the Basmaya camp.
Military Intelligence said in a press conference followed by (Al-Oula News): "A suspect who was working as a major officer in Basmaya camp was arrested," noting that "the accused stole the salaries of his fellow ranks and heroic soldiers from the camp last year."
She added that "the arrest comes after a great effort by the technical departments of the Intelligence and Counter-Terrorism Cell of the Military Intelligence Directorate, and the Army Chief of Staff," noting that "the stolen amounts (salaries) have been returned to those who deserve it, and the accused will be handed over to the judiciary to receive his just punishment." LINK
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Fleming Thursday RV Report
Our military intel contact said the cabal gold issue was solved and release to proceed toward T4B notifications was given at 1:56 pm EST today Thu 15 July; so his info fits Mr Fleming’s sources saying to watch for T4B notification emails to come out as early as any moment the rest of today going forward.(edited)
UPDATE:
On 7/15 NESARA did go into effect
7/16 is set as VALUE DAY when all rates are locked in for our Redemption/Exchange
N. Korea and Cuba are out of the first basket
23 countries were in the first basket, only 22 because NK has now been bounced. Second basket taking sometime place in October.
USN is shown on FOREX and trading internationally
Chinese walked out of the 11 PM meeting because Prosperity had not been taken care of. This is a platform trade issue which we are hearing was solved along with "the Cabal gold issue" and with this good news, the release to proceed was given. Release to Tier 4B notifications was given at 1:56 PM EDT today, 7/15.
-- That must mean that the F&P and SKRs and Bonds, etc., were released. Waiting for confirmation on this action.
-- Watch for email notifications.
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Courtesy of Dinar Guru
Breitling One of the things [I hear] that's kind of funny is that 'Iraq is so corrupt that's why this isn't getting done.' That's the dumbest thing I've ever heard. If Iraq was so corrupt they would have revalued the currency and made as much money off of it as they could even though it would have probably crashed. They would have gotten in and out. That's corruption. Keeping the currency where it's at and using the US dollar is discipline. They're actually did good. It's coming.
ALERT! CFTC Staff is GONE! Silver "Riggers Gone Wild!!" (Bix Weir)
Jul 14, 2021
Even though it's totally and completely corrupt! Silver Riggers are having a field day with the LACK of STAFF at the CFTC with no: Chairman, Head of Enforcement or General Council!! WHAT ARE THEY AFRAID OF BEING INVOLVED WITH??
"If Interest Rates Go Up- The Bubble Pops" - Alasdair Macleod
.Alasdair Macleod: If Interest Rates Go Up, the Bubble Pops
Palisades Gold Radio: Jul 15, 2021
Tom welcomes back Alasdair Macleod, Head of Research For GoldMoney. Alasdair discusses the Fed's levels of reverse repos and quantitative easing of 120 billion a month.
Since the banks can't absorb all the extra liquidity-seeking returns, the Fed must step into the market.
Basel III's net stable funding ratio requirement purpose is to reduce short-term deposits. These regulations exist to minimize risk with the banking system's liabilities.
Alasdair Macleod: If Interest Rates Go Up, the Bubble Pops
Palisades Gold Radio: Jul 15, 2021
Tom welcomes back Alasdair Macleod, Head of Research For GoldMoney. Alasdair discusses the Fed's levels of reverse repos and quantitative easing of 120 billion a month.
Since the banks can't absorb all the extra liquidity-seeking returns, the Fed must step into the market.
Basel III's net stable funding ratio requirement purpose is to reduce short-term deposits. These regulations exist to minimize risk with the banking system's liabilities.
The ratio takes the available stable funding, which is a liability and ranks them according to stability. Anything unstable is prohibited from being used against the asset side.
These rules encourage banks to increase their reserves because more are required to cover their operations. Basel III will increase volatility in the metal markets and should result in less manipulation.
Governments should have a more difficult time directly interfering in the markets. Overall these regulations should be good for the gold market.
Alasdair says, "They know damn well inflation is not transitory, they are just hoping something will turn up. They will have to increase interest rates probably this summer and then the bubbles will pop.
If they want to keep the bubble going they will have to do more QE. We are stuck in the situation where there will be only one outcome."
The FINRA indicators for equities show a complete lack of fear in the equity markets. These figures are four times higher today than during the Lehmann crisis. He compares today's markets with the middle of 1929 before the collapse.
If the dollar fails, everything fails on a global level, and it won't matter what the local policies are doing.
The way out is for countries to back their fiat currencies with gold. This won't happen until there is no other alternative available, and that is why people need to own physical metal because the alternatives for a time will be useless.
This will be a problematic situation within individual governments, let alone on a global scale. Keep watching interest rates and try to be ahead of the crowd.
When the bubbles burst, the fall of fiat currencies can't be far behind.
Time Stamp References:
0:00 - Introduction
0:34 - US Treasury Flows
4:55 - Basel III's Purpose
15:10 - Volatility in Metals?
16:46 - Rule Enforcement
18:23 - End of Manipulation?
20:22 - COT Report Accuracy
23:05 - Gold & De-dollarization
28:30 - Inflation Developments
34:10 - FINRA Investor Borrowing
38:02 - Global Bubbles
40:40 - CPI vs. PPI
42:25 - Dollar Printing Risks
46:37 - Concluding Thoughts