"Will the West Create a Gold Digital Currency?" Andy Schectman
Will The West Create A Gold Digital Currency? | Andy Schectman
Liberty and Finance: 2-22-2023
There have been movements in the U.S. and around the world toward re-establishing precious metals as money.
The International Monetary Fund recently issued the paper "Gold as International Reserves: A Barbarous Relic No More?"
There is talk about a new reserve currency from the BRICS nations, possibly gold-backed.
Andy Schectman, CEO and president of Miles Franklin, says the only thing that could stop the BRICS in their tracks would be the western countries, through the IMF, issuing a gold-backed digital currency.
Will The West Create A Gold Digital Currency? | Andy Schectman
Liberty and Finance: 2-22-2023
There have been movements in the U.S. and around the world toward re-establishing precious metals as money.
The International Monetary Fund recently issued the paper "Gold as International Reserves: A Barbarous Relic No More?"
There is talk about a new reserve currency from the BRICS nations, possibly gold-backed.
Andy Schectman, CEO and president of Miles Franklin, says the only thing that could stop the BRICS in their tracks would be the western countries, through the IMF, issuing a gold-backed digital currency.
Dr. Kia Pruitt and Andy Schectman Tuesday 2-21-2023
Andy Schectman~ Countries & States Return to Gold as Money
Dr. Kia Pruitt: 2-21-2023
In this podcast, Andy Schectman reveals that not only are countries returning to the use of gold as money, but States in America are also introducing proposals and bills to reintroduce gold as constitutional money.
What an exciting time to be alive!
These states introducing/passing bills to reintroduce gold as money, include KANSAS and WYOMING. Here are some of the sources to support the discussions in this podcast:
Andy Schectman~ Countries & States Return to Gold as Money
Dr. Kia Pruitt: 2-21-2023
In this podcast, Andy Schectman reveals that not only are countries returning to the use of gold as money, but States in America are also introducing proposals and bills to reintroduce gold as constitutional money.
What an exciting time to be alive!
These states introducing/passing bills to reintroduce gold as money, include KANSAS and WYOMING. Here are some of the sources to support the discussions in this podcast:
Wyoming votes to accept gold and silver as payments: https://mises.org/power-market/wyomin...
Kansas establishes a "legal tender act"" http://kslegislature.org/li/b2023_24/...
Treasury Secretary Janet Yellen and the Inflation Reduction Act of 2022: https://home.treasury.gov/news/press-...
Treasury Secretary Janet Yellen "US taking extraordinary methods to avoid default": https://www.cnbc.com/2023/01/19/yelle...
The World is Hurtling Back Toward Gold as Money: https://kingworldnews.com/the-world-i... https://www.lewrockwell.com/2023/02/a...
Gold, A Barbarous Relic No More: https://www.imf.org/en/Publications/W...
Gold is a tier 1 asset: https://www.pinnacledigest.com/mining...
Zimbabwe launch special fund to boost gold production: https://www.independent.co.ug/zimbabw...
BRICS+ nations are growing; dumping the USD and returning to gold: Dr. Kia Pruitt: https://www.youtube.com/watch?v=7PANO...
Andy Schectman: https://www.youtube.com/watch?v=HLk-r...
Central Banks are Hoarding Gold; Buying Gold in Record Numbers: Andy Schectman: https://www.youtube.com/watch?v=a46Yz...
Central Banks Buy 400 Million Tons of Gold: Articles: https://sdbullion.com/blog/central-ba... https://economictimes.indiatimes.com/...
News, Rumors and Opinions Tuesday AM 2-21-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 21 Feb. 2023
Compiled Tues. 21 Feb. 2023 12:01am EST by Judy Byington
Judy Note:
Market Crash Expected At Any Time
Across the Globe Central Banks were failing and experiencing Bank Runs. A MarkZ member reported that in Nigeria people couldn’t collect cash from their account, neither by ATM, nor on the counter inside the bank. There was a shortage of new currency. In Lebanon they were taking to the streets in protest and setting fire to banks because people couldn’t get their own money out of the bank. This was happening all over the world.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 21 Feb. 2023
Compiled Tues. 21 Feb. 2023 12:01am EST by Judy Byington
Judy Note:
Market Crash Expected At Any Time
Across the Globe Central Banks were failing and experiencing Bank Runs. A MarkZ member reported that in Nigeria people couldn’t collect cash from their account, neither by ATM, nor on the counter inside the bank. There was a shortage of new currency. In Lebanon they were taking to the streets in protest and setting fire to banks because people couldn’t get their own money out of the bank. This was happening all over the world.
Global Currency Reset:
Mon. 20 Feb. MarkZ: Iraq has their new digital currency system in place as of Mon. 20 Feb. They have agreed with the US on the Iraqi Dinar vs. US Note Rate. Redemption people are working today Mon. 20 Feb. I have heard from 5 or 6 different sources that over the weekend some bond people received all their access information including (debit) cards for their bond transaction. Expectations for this evening into tomorrow Tues. 21 Feb. of accounts being liquid and spendable.
Evening Mon. 20 Feb. MarkZ: Boy are the bankers excited. I am getting inundated with more banking confirmations. And I am hearing the goal is to release it sometime in the next 36 hours. Stay calm because we have been here before. The chatter is through the roof from the whales, big guys and paymasters. We hope they actually get this out the door this time.
Today Iraq has announced that they now have digital control over the flow of their money so it is possible, very, very possible they can make it happen in this short of time frame. It is well within the window we have been expecting.
Glen Beck had a great video today. He was talking about real fundamentals and running away debt. It’s unmanageable and untenable. There is nowhere to go but a massive cancelation of all debt. There is no other way to move forward. We have to move away from fiat into sound money. Glen Beck is phenomenal at history. We know how this will end – sound money and debt removal/cancellation. I thought this was great video (9:50 mark): https://www.youtube.com/watch?v=AC6qIx1_kgI
High Up Contact: The wheels are turning and the process is moving, but at a pace slower than a turtle. All the militaries throughout the world have their money because they have to keep any war from getting started. All 209 countries have signed a peace treaty and everything was ratified so in that respect, GESARA will happen. On Wed. 22 Feb. a small amount of monies will be paid out to certain people in Tier 3. In about two weeks, or around Wed. 1 March, substantial funds would be paid out.
Update from a Sovereign to Bob Dunn, a Global Intake Officer for a Global Trade Platform: (Dunn believes this is for real): We have officially begun. USA Inc. is officially done now: All countries transitioning over to Nesara/Gesara, Republic’s & their own gold backed currencies. Sovereign contracts have started. DOD, Reno, Zurich, UST liquidity will begin Tues. 21 Feb, although all monies have been released. Next week will absolutely be the week we all receive our blessings. No turning back, no more waiting. Here we go !!
Sat. 18 Feb. Ginger via Wolverine: Tier 1 and 2 Paymasters have received funding and they are ready to roll. The Intel these folks are getting is all very positive and they are saying that next week could be monumental. Our notifications – if happening next week – could also be quickly following a “significant arrest” of someone high up.
Wolverine: Tiers 1 and 2 have been paid out.
Bruce: Bond Holders have received certified letters showing that they will be receiving a black credit card for their account that would be sent to them by Federal Express on Sat. 18 Feb. and Bond Holders will have access to their account to spend the monies by Mon. 20 Feb. or Tues. 21 Feb. Tier 4b will be notified to set appointments on Sun. evening 19 Feb. or Monday 20 Feb. and be able to have those appointments by Tues. 21 Feb.
Possible Schedule:
On Tues. 21 Feb: all Tiers were expected to be liquid.
On Fri. 24 Feb NESARA Law could activate.
By March 2023 most banks would likely be closed due to bankruptcy and the fiat US Dollar and UK Pound no longer being allowed to be printed, or accepted for international trade. Bank accounts already have been mirrored onto the new gold/ asset-backed Quantum Financial System, though you may want to consider withdrawing monies from your bank before they tried to confiscate it in efforts to keep afloat.
Read Full Post here: https://dinarchronicles.com/2023/02/21/restored-republic-via-a-gcr-update-as-of-february-21-2023/
**************
Courtesy of Dinar Guru
Militia Man 2023 budget...we've been waiting for this to happen...they've been pushing it out...for months. They're going to have it on the table as early as Tuesday...potentially to the parliament by Wednesday/Thursday. We all believe you need to have an exchange rate for that to happen. Will they expose that exchange rate that's going to be to the budget by the CBI prior to giving it to the Council of Ministers or parliament? We should be looking for that...
Frank26 Oil is not the only asset to back the IQD's monetary reform. This country is amazingly wealthy beyond compare. There ain't no country going to be able to touch Iraq once it gets going. You know that cartoon character that has his feet running but he's up off the ground and he touches the ground and boom he takes off? That is what Iraq is like. Oil is not the only asset. They have so many assets and that's why the whole world is pouring in to capitalize on these assets.
ALERT! 2 Silver Manipulation Cover-Ups by Regulators are Happening Right NOW!!
(Bix Weir) 2-21-2023
The CFTC and the OCC are both trying to hide what's REALLY HAPPENING in the Silver derivative markets.
There is a MAD SCRAMBLE to get OUT of silver shorts before the price takes off and the numbers that would PROVE this maneuver are being withheld and hidden by the US Regulators!
News, Rumors and Opinions Sunday Afternoon 2-19-2023
KTFA:
Clare: Jawad Al-Yasari to / NINA /: The power of speculators and currency traders is delaying the government's measures to implement the new exchange rate
2/19/2023
Independent MP Jawad Al-Yasari confirmed: The power of speculators and currency traders is delaying the government's measures to implement the new exchange rate.
He told the National Iraqi News Agency / NINA /: that despite the government's good decision regarding the exchange rate, which to some extent stopped its rapid and continuous rise, its implementation procedures are still slow.
Al-Yasari added: The strength of traders and price speculators and their continued manipulation without committing to the new price delayed the implementation of the government decision.
And he continued: The government's procedures regarding this matter are slow and unclear, which require quick and effective steps that enhance citizen confidence in official procedures. LINK
KTFA:
Clare: Jawad Al-Yasari to / NINA /: The power of speculators and currency traders is delaying the government's measures to implement the new exchange rate
2/19/2023
Independent MP Jawad Al-Yasari confirmed: The power of speculators and currency traders is delaying the government's measures to implement the new exchange rate.
He told the National Iraqi News Agency / NINA /: that despite the government's good decision regarding the exchange rate, which to some extent stopped its rapid and continuous rise, its implementation procedures are still slow.
Al-Yasari added: The strength of traders and price speculators and their continued manipulation without committing to the new price delayed the implementation of the government decision.
And he continued: The government's procedures regarding this matter are slow and unclear, which require quick and effective steps that enhance citizen confidence in official procedures. LINK
Henig: Within a week. Iraq surpasses Saudi Arabia in its oil exports to America
2023-02-18 21:20
Shafaq News / The US Energy Information Administration announced on Sunday that Iraq's oil exports to America amounted to an average of 322 thousand barrels per day, exceeding Saudi Arabia's oil exports to America during the past week.
The administration said in a report seen by Shafaq News Agency, "The average US imports of crude oil during the past week from eight countries amounted to 4.709 million barrels per day, down by 1.354 million barrels per day from the previous week, which amounted to 6.063 million barrels per day."
She added that "Iraq's oil exports to America reached an average of 322 thousand barrels per day last week, up from the previous week, which amounted to oil exports to America at a rate of 230 thousand barrels per day, and also exceeds Saudi oil exports to America."
She also pointed out that "the most oil revenues of America during the past week came from Canada at a rate of 3.556 million barrels per day, followed by Mexico at a rate of 690 thousand barrels per day, and oil revenues from Saudi Arabia at a rate of 262 thousand barrels per day, and then Brazil at a rate of 195 thousand barrels per day."
According to the administration, "the amount of US imports of crude oil from Ecuador amounted to an average of 156,143 barrels per day, from Colombia at a rate of 75,<> barrels per day, and from Nigeria at a rate of <>,<> barrels per day, while no quantity was imported from Russia or Libya." LINK
***************
Courtesy of Dinar Guru
Walkingstick [via Frank26] They are pressing forward the new exchange rate...because everything waits for the new exchange rate - the banks, money exchangers, the budget, you name it, they all wait for the same thing - the new exchange rate.
Sandy Ingram Article: "The most mysterious..What did the Iraqi delegation achieve in its visit to Washington?" There was more about the meeting than the mainstream US press was revealing...there as a media silence surrounding the visit. The visit lasted 6 days...this is what we do know. 1. Daily auctions are a thing 0f the past. 2...Redirecting the Iraqi energy sector away from Iran. 3...Accusations against the Iraqi banking sector that allowed the Iranian regime to evade western sanctions. 4...Money laundering... We do know there is a high level of expectation of certain tasks being completed by the Iraqi government in a short period of time. We also know the delegation believed they could persuade the US Administration to postpone the restrictions imposed by the US Federal Reserve Bank on dollar transfers to Iraq. Yeah, that didn't happen...the article said the recommendations for the Iraqi delegations to follow what is described as media silence and not to reveal the scenes of what was discussed behind closed doors.
ALERT! New Gold/Silver Standard! Conspiracy Theory or Conspiracy FACT?!
(Andy Schectman & Bix Weir) 2-17-2023
We all know it's coming but who will decide what the New Money is going to be AFTER THE GLOBAL MONETARY MELTDOWN?
Here's a great conversation with Andy Schectman about what the future of money is and the coming role of both Gold and Silver to SAVE HUMANITY!
Central banks are replacing dollars with gold
Kitco News: 2-18-2023
The economy started the year on a strong note, and the gold market is taking a hit.
The Federal Reserve might need to raise rates more than expected since inflation is not coming down fast enough.
Here's a look at Kitco's top 3 stories of the week:
3. Macro data: Gold price drops below $1,850 as U.S. retail sales surprise on the upside in January https://www.kitco.com/news/2023-02-15...
2. Frank Giustra warns that the dollar will be dethroned in 'bifurcated' global monetary system https://www.kitco.com/news/2023-02-14...
1. Billionaire John Paulson: central banks are replacing dollars with gold, you are better off investing in precious metal than USD https://www.kitco.com/news/2023-02-14...
MilitiaMan, Dr. Kia Pruitt and more....Sunday Morning 2-19-2023
KTFA:
Henig: Al-Sudani reveals the content of 26 meetings held in Munich and stresses: Iraq's security is a guarantee for the security of the region and the world
2023-02-18 12:50
Shafaq News / Prime Minister Mohammed Shia al-Sudani said on Saturday that the security of Iraq is a guarantee of the security and stability of the region, and as a result the security of the world.
He added at the end of his participation in the Munich Security Conference at its 59th session, according to a statement by his office and reported to Shafaq News, "We clarified in the Munich Conference, our reading of the security situation in Iraq and the region, and the emphasis that the security of Iraq is a guarantee for the security and stability of the region, and as a result the security of the world
KTFA:
Henig: Al-Sudani reveals the content of 26 meetings held in Munich and stresses: Iraq's security is a guarantee for the security of the region and the world
2023-02-18 12:50
Shafaq News / Prime Minister Mohammed Shia al-Sudani said on Saturday that the security of Iraq is a guarantee of the security and stability of the region, and as a result the security of the world.
He added at the end of his participation in the Munich Security Conference at its 59th session, according to a statement by his office and reported to Shafaq News, "We clarified in the Munich Conference, our reading of the security situation in Iraq and the region, and the emphasis that the security of Iraq is a guarantee for the security and stability of the region, and as a result the security of the world
And we showed the capabilities of our security services and their escalating capabilities in pursuing terrorism and ISIS militants gangs everywhere, and that there is no ISIS on the ground and does not maintain an area, but they are defeated and terrified gangs pursued by our security services everywhere."
"We explained the importance of cooperation and exchange of information between our security agencies and security services in the countries of the region and the world, and the need to respond to Iraq in the recovery of wanted persons and those accused of terrorism cases, and we stressed an important aspect related to stopping the financing of terrorist gangs, and it has become clear to us through our intelligence that this funding comes from many countries and contributes to increasing the activity of terrorist gangs," al-Sudani said.
"Within 48 hours, we held about 26 meetings, and we received senior security officials as well as politicians at the level of prime ministers or ministers and international organizations, and we found real understanding and support and agreement with the Iraqi vision for the security and political reading of the region," the Iraqi prime minister said. Overall, during our participation in the Conference, Iraq's vision reached these important parties involved. This is a key factor in security and political understandings."
He pointed out that "his government took into account all the circumstances that Iraq has experienced since 2019, and the accompanying popular rejection of many forms of living, service and economic performance, and we were part of this stage in different locations. It is from these circumstances that the priorities of the government program were formulated, and they were not set arbitrarily, but rather an accurate diagnosis of the aspirations and hopes of the people."
"When we talk about the priority of fighting poverty, creating jobs, eliminating unemployment, improving services and implementing projects, and combating administrative and financial corruption that threatens development plans and reforming the economy, this is the talk of the street, and it affects the overall life in the country," al-Sudani said. We found that our priorities have reached the ears of all international bodies, and we are being dealt with and understood in light of these priorities."
He added by saying, "When we talk to others about financial and administrative corruption, we put in front of them the entitlement to extradition and the recovery of Iraqi funds, and this is their obligation, as most of these countries participate in international conventions and covenants on combating financial and administrative corruption, and when we talk about reforming the economy, there are financial institutions that have experience in delivering information, finding solutions and providing us with proposals to enable us to achieve this reform."
"Overall, with our prioritization and the response we found, I believe that we have achieved an important goal at the conference, and we have shortened the time that would have been wasted in meetings and correspondence that do not lead to results quickly enough," he said.
"We found clear understanding and support for our economic reforms, and we showed the participants our intention to reform the financial and banking system, provided that there is flexibility in some measures, as these reforms have been delayed for years and were supposed to be completed within the agreed period in the past two years," al-Sudani said.
"We need flexibility right now to apply the measures, not to go back to square one," he said. There is no return to distorted trade, money laundering and smuggling, and we are determined to adopt the correct standards for remittances and clean trade, which reflect Iraq's seriousness in engaging in the global financial system, and add to it indicators of reliability in dealing with trade."
The Prime Minister pointed out that "the reforms are accompanied by a social cost, and may be calculated politically that they will harm the government, but in the short term hopefully the citizen will feel their importance, and the international financial institutions in Iraq will see a country that adopts the right standards in the financial and banking system."
He concluded by saying, "Climate change, environmental impact, water scarcity, increasing the area of desertification, burning gas and its aftermath are all real problems, and they are a serious threat to the situation in Iraq, which we have put on our list of priorities, and was part of the discussions with those we met who expressed readiness to support us in addressing these environmental and climate impacts. LINK
************
Courtesy of Dinar Guru
Frank26 I'm telling you they've launched the 2nd stage. Don't pay attention to the budget being launched/released coming out with the new rate. It doesn't matter. It is going to gradually float.
Mnt Goat Beginning of the White Paper reforms for Iraq ...The Wealth Transfer is coming… yes it is in progress. Weeks ago the IQD was taken off the sole peg to the US dollar. Surprise, surprise…!!! ...This was done while implementing the US Treasury electronic platform. The reason for the platform was not just to curb corruption but also for Iraq to get off the US dollar. Yes, finally ditch the dollar. ...Like many changes this will take time to adjust... Then Al-Alaq implemented quickly yet another step to the process including the lock-down of an official rate of the IQD.
Global Attention to Iraq - Reform is Paramount
MilitiaMan and Crew: 2-19-2023
Security - Stability - Economic - Reforms.. All are on the table now. No turning back.. Iraq is on track, are your ready? ~ MM
Gold's Return as Money is Epic! #BRICS
Dr. Kia Pruitt: 2-19-2023
Get excited about Gold's Return as Money! https://www.lewrockwell.com/2023/02/a... https://kingworldnews.com/the-world-i...
Zimbabwe launces special fund to boost gold production: https://www.independent.co.ug/zimbabw...
America has gold to pay off the debt! https://www.youtube.com/watch?v=W5k0C...
42+ states repeal taxes from precious metals: https://fee.org/articles/why-42-state...
Project Sandman is the agreement to return to the gold standard: https://www.reddit.com/r/Wallstreetsi...
More News, Rumors and Opinions Friday PM 2-17-2023
KTFA:
Henig: Seizure of 47 million dinars denomination of 50 thousand dinars counterfeit and printers in Babylon and Salah al-Din
Baghdad Today - Baghdad
The intelligence agency in the Ministry of Interior announced "the seizure of 47 million dinars denomination of 50,<> dinars counterfeit currency and printers used to print currency in the provinces of Babil and Salah al-Din."
The intelligence agency said in a statement received by (Baghdad Today) that "the intelligence agency's detachments, based on accurate information, were able to arrest a person who is trading in counterfeit currency in Salah al-Din for the crime witnessed and in possession of (47) million dinars of (50) thousand dinars."
The statement pointed to "the seizure of three color printers and thousands of papers prepared for printing inside his house after following the accused from Babil province to Salah al-Din province." LINK
KTFA:
Henig: Seizure of 47 million dinars denomination of 50 thousand dinars counterfeit and printers in Babylon and Salah al-Din
Baghdad Today - Baghdad
The intelligence agency in the Ministry of Interior announced "the seizure of 47 million dinars denomination of 50,<> dinars counterfeit currency and printers used to print currency in the provinces of Babil and Salah al-Din."
The intelligence agency said in a statement received by (Baghdad Today) that "the intelligence agency's detachments, based on accurate information, were able to arrest a person who is trading in counterfeit currency in Salah al-Din for the crime witnessed and in possession of (47) million dinars of (50) thousand dinars."
The statement pointed to "the seizure of three color printers and thousands of papers prepared for printing inside his house after following the accused from Babil province to Salah al-Din province." LINK
Henig: How much did the Chinese giant import black gold from Iraq?
Publish Date:16.02.2023 | 12:59 GMT |
Today, Thursday, the Chinese Embassy in Baghdad announced the volume of oil imports from Iraq during the past year 2022.
"In 2022, China imported 55.49 million tons of crude oil from Iraq," it said in a press release.
She added that "the value of oil imports from Iraq amounted to $ 39.04 billion, an increase of 47.49% on an annual basis."
Source: RT LINK
**************
Henig: Pictured. Revival of hanging gardens in Iraq
Time : 2023/02/17 00:07:43
{Miscellaneous: Al-Furat News} The Central Bank of Iraq is witnessing in the design of its new building hanging gardens that bring to mind {hanging gardens} one of the seven historical wonders of the world.
The capital Baghdad will be on a date with the implementation of the first listed hanging gardens in Iraq, which will decorate the roof of the base of the new central bank building, designed by the late Iraqi international architect Zaha Hadid.
Becoming the first green roof in the country will reduce the temperature of the roof and air inside and around the building, which in turn will increase the efficiency of the cooling system and reduce energy consumption. LINK
Henig: IMO: Try doing this on a program rate. These cats are positioning themselves for a new Renaissance.
*******************
Courtesy of Dinar Guru
Deepwoodz There was a question posed due to the increase in the amounts of dollars “sold at auction”. So why the increase as of late? Possibly...We know the border ports are in full swing using their new electronic platforms. We know the shipping lanes have been upgraded and increasing imports just as the land locked ports are. The country is getting all the bugs worked out of their new and transparent platforms. This in turn is reducing corruption and smuggling. It’s fair to say that an increase in the amounts is not only expected, but in this stage of the game it’s a good thing. This won’t change until Iraq comes out with their new international rate and pretty new bills. Then you can say adios to the widespread use of the dollar.
Paulette [Response to Guru Deepwoodz below] Perhaps...However, Iraq has clearly stated that imports only require a maximum of 60 million/day...the citizens are being encouraged to hold and use IQD...where did the other 600 million+ go this week? It certainly didn't result in controlling the exchange rate as it still sits at 1530. Somebody is clearly desperate enough to pay a premium for USD and is not willing to do it legally as they can purchase direct through the banks at 1320...many articles have stated that billions of dollars are syphoned out of Iraq and into other countries through the Currency Sales and that this "THEFT" has to end...Iraq has clearly stated that this excessive movement of USD is not a good thing...
Keith Weiner: The Fed is Creating a Perfect Setup for New Gold Investors
Palisades Gold Radio: 2017-2023
Keith explains the two main forces that led to the price of gold remaining flat in 2022: the Fed’s decision to raise rates and the wild card of Ukraine. He explains that wage earners tend to prefer silver to gold, and that the Fed’s decision to raise rates has only recently started to have an effect on labor.
Keith discusses the trend of falling interest rates over the last 40 years and how this has both unleashed capital and created an addiction to lower rates. This, he compared to a wrecking ball swinging back and forth and how the falling trend has caused companies to consume capital and become addicted to the trend.
Keith suggests the Fed’s only concern is consumer prices, then lower rates may be a better way to stimulate production and lower prices.
However, he cautions that lower rates can be destructive and that the continual lowering of rates and production could lead to higher prices eventually. He also discusses other effects such as zero interest rates driving investors to riskier asset classes and how speculators can have a big impact on the price of gold and silver.
Ultimately, Keith believes that the bear market in gold is over and that the opportunity cost of owning gold may still be attractive to some. When the Fed reverses, there will be a surge in gold buying, not just from speculators but from those who are questioning the government’s debt levels.
Time Stamp References:
0:00 - Introduction
0:37 - Monetary Metals Report
9:23 - Rate Trends
18:18 - CPI & Hiking Rates
23:50 - Politics & Consequences
28:20 - Junk Bond Spreads
29:37 - Defining Recessions
35:46 - Labor Markets & Fed
39:00 - Zero Yields & Risk
42:56 - Scarcity, Price & Metals
47:36 - Speculators & Futures
51:33 - Energy Risks & Metals
56:13 - Gold Prices in 2023
1:02:32 - Education & Economics
1:04:31 - Wrap Up
Andy Schectman and Lynette Zang Wednesday 2-15-2023
Who's Hoarding All The Silver? | Andy Schectman
Liberty and Finance: 2-15-2023
Silver is a critical metal for industry. It is one of the only two metals that have consistently been seen as money.
The U.S. has exhausted its strategic silver stockpile, but one bank is accumulating millions of ounces.
Andy Schectman, CEO and president of Miles Franklin, says silver is the value play of a generation, and the bank's traders know this.
Who's Hoarding All The Silver? | Andy Schectman
Liberty and Finance: 2-15-2023
Silver is a critical metal for industry. It is one of the only two metals that have consistently been seen as money.
The U.S. has exhausted its strategic silver stockpile, but one bank is accumulating millions of ounces.
Andy Schectman, CEO and president of Miles Franklin, says silver is the value play of a generation, and the bank's traders know this.
INTERVIEW TIMELINE:
0:00 Intro
3:00 Silver hoard?
12:00 FRED data
21:30 Weekly specials
28:36 Final thoughts
New Inflation Data Report Shows Growing Economic and Housing Concerns
Lynette Zang: 2-15-2023
In this video, Lynette Zang discusses the new CPI inflation data numbers that came out. People can cheer, we're hearing about disinflation, which they're talking about slowing inflation. I think we're gonna find that this disinflation is very short-lived.
Chapters:
0:00 Energy, Housing and Food
2:45 Stock Buyers
5:58 US Retail Investors
11:28 Factory Production
14:00 Revolving Consumer Credit
17:43 CPI
20:29 US Consumers & Wage Slow Down
25:00 Silver Inventory Plummets
27:54 Gold Strategy
More News, Rumors and Opinions Wednesday Afternoon 2-15-2023
TNT:
Tishwash: BRICS is considering the accession of Iran and Saudi Arabia
The BRICS group announced today, Wednesday, its readiness to decide at its conference this year on the membership of new countries wishing to join the group, which includes Russia, China, Brazil, India and South Africa.
agency statedbloomberg"South Africa's representative to the group, Anil Soklal, confirmed that Saudi Arabia and Iran are among the countries that formally requested to join the group.
"bloombergHe pointed out that "expansion of the group may come in favorChinawhich seeks to strengthen its positions in the United Nations, andInternational Monetary Fund, the World Bank, and other international institutions," and pointed out that "ChinaI started talking last year about expanding the group."
he agency noted that "China's gross domestic product is more than double the total output of the remaining BRICS members."
TNT:
Tishwash: BRICS is considering the accession of Iran and Saudi Arabia
The BRICS group announced today, Wednesday, its readiness to decide at its conference this year on the membership of new countries wishing to join the group, which includes Russia, China, Brazil, India and South Africa.
agency statedbloomberg"South Africa's representative to the group, Anil Soklal, confirmed that Saudi Arabia and Iran are among the countries that formally requested to join the group.
"bloombergHe pointed out that "expansion of the group may come in favorChinawhich seeks to strengthen its positions in the United Nations, andInternational Monetary Fund, the World Bank, and other international institutions," and pointed out that "ChinaI started talking last year about expanding the group."
he agency noted that "China's gross domestic product is more than double the total output of the remaining BRICS members."
Anil Soklal said, "The proposal to expand the" BRICS "will be one of the main points of the economic bloc this year under South Africa's presidency of the group."
He added, "More than 12 countries have knocked on the door of the group. We are in very advanced stages in looking at the membership of another group of countries."
The report stated that "the potential changes of the BRICS group come at a time when European and North American countries seek to strengthen alliances, form new blocs, and sign trade and security agreements."
While BRICS countries account for 42 percent of the world's population, their members have less than 15 percent of the voting rights in the World Bank and International Monetary Fund for example. stated "bloomberg that the members of the group founded New Development Bank, to match International Monetary Fund And the World Bank, and later Bangladesh and the UAE joined this bank, and it is expected to join Egypt And Uruguay soon.”
And the agency indicated that “other countries that have expressed interest in joining the BRICS group are Argentina, the UAE, Algeria, and Egypt, Bahrain, and Indonesia, along with two countries from East Africa and one country from West Africa.
The establishment of BRICS was announced in 2006 by the first four BRIC countries, during a summit of foreign ministers .Brazil And Russia And India And China New York City in September 2006 on the sidelines of the United Nations General Assembly.
Member states link banking and monetary agreements to exchange currencies and increase trade in local currencies to reduce dependence on the dollar. link
************
Nicola Sturgeon quits to let new leader build case for Scottish independence
Alistair Smout and Muvija M Wed, February 15, 2023
LONDON (Reuters) -Nicola Sturgeon resigned as Scottish first minister on Wednesday, saying her dominance over her party and the country was no longer the asset it once was in the fight for an independent Scotland.
In power since 2014, she said she had become too divisive - and too tired - to reach across the political divide, and she wanted to step away from the "brutality" of modern politics to focus on "Nicola Sturgeon the person".
https://www.yahoo.com/news/scottish-first-minister-sturgeon-resign-100318557.html
************
Courtesy of Dinar Guru
Militia Man One of the things investors in the world need to come into Iraq...they need to have freedom of capital movement. They must have been assured in the Washington, Baghdad, Istanbul and the meetings that we saw with the IMF and AMF in the last 24 to 48 hours are all coming about telling us that they're going to be going international...
Frank26 Article: "Al-Sudani directs a process of re-evaluation of all departments and support for investors". NOTICE THE THEME OF THE ARTICLES THIS WEEK... IT'S ALL ABOUT THE SECOND PACKAGE... FOR THE ECONOMIC REFORM!
**************
KTFA:
Clare: Central Bank Governor: We are determined to stabilize the exchange rate
2/15/2023
The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed today, Wednesday, that the platform was found to protect the banking sector, while indicating the central bank's determination to stabilize the exchange rate of the dollar.
Al-Alaq told the Iraqi News Agency (INA), that "the new electronic platform is to avoid any penalties imposed on the parties that carry out transfer operations, whether they are banks or others. It is a protection for the banking sector, the central bank and banks from falling into any forms related to external financial transfers, and this serves all parties." ".
On the exchange rate of the dollar, Al-Alaq explained, “The responsibility of the central bank is to close the difference in the exchange rate, and our steps are serious and vigorous, and we receive great support from all parties to achieve the goal.”
He added, “Our discussions with the International Monetary Fund were very fruitful, and we agreed on programs that serve properly directly or indirectly to achieve this goal. LINK
Sheila: This is so awesome that Al-Alaq is back as the Govenor of the Central Bank (this is so God ), knowing Al-Alaq has his signature on the lower denomination, or the small category notes of the Iraqi dinar. IMO if you had your signature on currency wouldn't you want it to go international. It will go down in history.
*************
Henig: What is Iraq's position? Law: America controls financial movement through SWIFT
State of Law Coalition MP Thaer al-Jubouri said on Wednesday that America will not allow Iraq to exit the Federal Bank of its own free will, while stressing that Washington is in control of the Fed's financial transactions.
Al-Jubouri said in a press interview seen by "Taqadum" that "America will not allow Iraq to exit the Federal Bank," noting that "America has developed policies and paragraphs to serve their own interest at the expense of all countries included in the Federal Bank."
He continued, "Washington controls the global financial movement through the electronic SWIFT system, and Iraq will not be able to get out of this system at the present time," pointing out that "the latter imposes the passage of the dollar in the Federal Bank before it reaches Iraq as a result of the sale of oil." LINK
Henig: IMO: Sounds to me like a plea to get out of the SWIFT system. Also sounds like they're floating a trial balloon to see how this idea is received.
Important Updates: IS THE DEBT MARKET TIME BOMB ABOUT TO GO OFF? YOU DECIDE...
Greg Mannarino: 2-15-2023
ALERT! More COMEX Silver Conspiracies to Hide Silver Price Suppression!
(Bix Weir) 2-15-2023
Our government has turned into a rogue silver manipulator!
The latest in their long string of cover-ups is a "computer glitch" that has lasted 2 weeks such that NOBODY is allowed to know WHO is Trading WHAT on the widely followed Commitment of Traders report!
The Best Gold Bull Market I Have Ever Seen: Peter Grandich
Peter Grandich: The Best Gold Bull Market I Have Ever Seen
Palisades Gold Radio: 2-8-2023
Tom welcomes returning guest Peter Grandich to the show, Peter Grandich. Peter discusses the potential for this gold bull market and why it's likely extraordinary.
Central banks are buying at record levels, and many of those buying are doing it for safety reasons. Don't bet against the Fed and don't bet against central banks when it comes to gold.
Mining shares have yet to reflect, and arguably as cheap as they can get regarding the price of gold. Palisade Radio Links:
We started to see some liquidation last year, but not as much in the retail sector. Most investors and money managers today have never seen a real downturn.
Peter Grandich: The Best Gold Bull Market I Have Ever Seen
Palisades Gold Radio: 2-8-2023
Tom welcomes returning guest Peter Grandich to the show, Peter Grandich. Peter discusses the potential for this gold bull market and why it's likely extraordinary.
Central banks are buying at record levels, and many of those buying are doing it for safety reasons. Don't bet against the Fed and don't bet against central banks when it comes to gold.
Mining shares have yet to reflect, and arguably as cheap as they can get regarding the price of gold. Palisade Radio Links:
We started to see some liquidation last year, but not as much in the retail sector. Most investors and money managers today have never seen a real downturn.
Investors need to start value investing because the tailwind of printing trillions has stopped. The Fed is probably not in a position to start the printers back up. Inflation is hard to fix. People are more concerned about running out of money than dying because retirement is going to become a major issue.
The world has a tremendous immigration and social spending problem. Many immigrants will not be productive, but will fall into the support systems.
There will be tremendous strains on government, and that will be passed onto the younger generation as a tax burden. This will create a war between age classes. There are many things that financial advisors are not taking into consideration.
It's remarkable how many additional metals are needed for electrification and electric vehicles. The global supply chain is hampered by a lack of interest in mining and investment in these sectors. Peter discusses some of the problems with the U.S. power grid and why we need better solutions that will have to come from Nuclear Energy. This will require a significant time lag to build these projects.
The recent employment number was so surprising because they changed most of the metrics they used. Inflation is here, economy is on the rocks and people are going to notice when they have no discretionary income.
Talking Points From This Episode
- The potential of the bull market in precious metals.
- Why the Fed is unable to restart the money printing train.
- Electrification, the need for metals, and a lack of capital investment. Time Stamp References:
0:00 - Introduction
0:44 - Sentiment & Gold Buying
3:42 - Gold Price Behavior
5:38 - Paper Derivatives
8:55 - A Changing Landscape
1:20 - Inflation & Retirement
15:46 - Fed Stuck
18:39 - Demographics & Economies
22:12 - C.B. & the Dollar System
24:10 - Global Supply System
27:35 - Copper & Energy Metals
31:13 - Uranium Sentiment
36:10 - Grid & Energy Concerns
38:35 - Trends in 2023
42:29 - Rates & Latent Effects
44:54 - Wrap Up
News, Rumors and Opinions Tuesday Morning 2-7-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 7 Feb. 2023
Compiled Tues. 7 Feb. 2023 12:01am EST by Judy Byington
Judy Note: On Sun. 5 Feb. afternoon I received information from a very High Up Source who said that Iraq RV’d last week and such would soon be officially announced. They also indicated that over this past weekend RV funds began processing, with Reno started on Sat. 4 Feb. This coming week funding would be available to all Tiers, with Tier 4b (us, the Internet Group) likely to see liquidity by Tues. 7 Feb.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 7 Feb. 2023
Compiled Tues. 7 Feb. 2023 12:01am EST by Judy Byington
Judy Note: On Sun. 5 Feb. afternoon I received information from a very High Up Source who said that Iraq RV’d last week and such would soon be officially announced. They also indicated that over this past weekend RV funds began processing, with Reno started on Sat. 4 Feb. This coming week funding would be available to all Tiers, with Tier 4b (us, the Internet Group) likely to see liquidity by Tues. 7 Feb.
GCR Process:
As of Tues. 31 Jan. 2023 and behind the scenes, the US Inc. fiat Dollar officially transitioned to the new gold/asset-backed US Note. It will take the new USN three months to transition from the fiat US Dollar and nine months to completely roll out.
As of Wed. 1 Feb. 2023 the US Inc. fiat Dollar, British Pound and European Euro were no longer recognized as legal tender anywhere in the world; the Iraqi Dinar was reinstated and banks were using the new Quantum Financial System.(Rumored)
On Thurs. evening 2 Feb. 2023 the Iraqi Dinar was (rumored) revalued with the street Rate locked in at $3.93 – the release celebrated with fireworks on Iraqi streets.
On Fri. 3 Feb. partial funding was released by the Chinese Elders (Rumored) so that the funds could begin processing through the Tiers.
On Sat. 4 Feb. Reno began (Rumored) processing their GCR funds.
This coming week funding would be available to all Tiers, with Tier 4b (us, the Internet Group) likely seeing liquidity by Tues. 7 Feb. (Rumored)
Mon. 6 Feb. MarkZ: “I am hearing from a number of bond folks that, starting Sat. 4 Feb and over the weekend, they received a percentage. I don’t know what that means. I just know they did not receive full dollars. …The overwhelming majority expect full funding around the 14th or 15th. That is what they were told. I do not believe the RV has to wait that long. …All of my banking sources are absolutely convinced that it will happen overnight tonight and into tomorrow. It could be accurate but it could be a little premature. But we are certainly close. …My banking side contacts are convinced this is it.”
Global Currency Reset:
As of Wed. 1 Feb. 2023 the US Inc. fiat Dollar, British Pound and European Euro were no longer recognized as legal tender anywhere in the world.
The Central Banking System is in major collapse.
Banks and ATMs across the Globe will close.
All bank accounts across the world have been mirrored into the new gold/ asset-backed Quantum Financial System that works out of the transparent and secure Star Link Satellite System.
You will have time to turn in any fiat cash you have and trade it on a 1:1 with gold/ asset-backed currency.
The White Hat Military and Q Operations have stored a Quintillion plus in gold inside Cheyenne Mountain.
When the World Military Operations and End Game finishes, NESARA/GESARA will take over and people will have debt relief.
The Banking Cartels will be gone.
Nadar from the Middle East: It is true the real value of the Iraqi dinar is not 1460. It’s not 1160. It’s $3.28…That’s the true value. For now the rate is a punishment…Iraq with all the assets we have and all the reserves we have that’s not the true rate of our dinars. https://dinardetectives.com/nader-from-the-mid-east-150/
https://dinaresgurus.blogspot.com/2023/02/iraq-boots-on-ground-report-by-firefly_6.html
Five Months before his Assassination, President John F. Kennedy issued an Executive Order that would have given American currency back to The People by printing money based on a Silver Standard, taking away the power of the Federal Reserve Banking Cartel. Many argued that this was the reason that JFK was assassinated.
The Great Reset: Almost every European country has denied the Cabal’s proposed fiat digital banking system of the Great Reset of which currencies have no backing.
A Central Bank Digital Currency Will Create Unprecedented Tyranny: The End of All Freedom | A Central Bank Digital Currency Creates Unprecedented Possibilities for Tyranny – American Media Group (amg-news.com)
MilitiaMan and Crew: UST, CBI, Cooperation and Coordination, Exchange Rate, IQD, USD: https://dinarchronicles.com/2023/02/06/militiaman-and-crew-ust-cbi-cooperation-and-coordination-exchange-rate-iqd-usd/
Read full post here: https://dinarchronicles.com/2023/02/07/restored-republic-via-a-gcr-update-as-of-february-7-2023/
************
Courtesy of Dinar Guru
Frank26 The world is pouring into Iraq...not at a program rate. Because they know IMO what the monetary reform is about to do. They are covered under Article VIII...they're going to invest in Iraq. That's what these countries and companies are doing...This is an exodus towards Iraq! For a program rate?!? This is a busting down the door to get into Iraq! ...They all know what's going on...Iraq is about to be so powerful.
Militia Man On the 3rd the Central Bank of Iraq has an announcement on their website and they specifically talk about...politics. It's not common...they mentioned there was talk between a phone call of the Prime Minister Al-Sadani and President Biden in respect to coordination. For them to say those types of things means there's been some sort of an agreement. And that is effetely in our view and many people's view a green light for the monetary/economic reforms to continue...
Gold Is Power, $3,000 Price Target, Explosive Summer Ahead | Lynette Zang
Soar Financially: 2-6-2023
They have been sneaking one past for too long. Guest Lynette Zang does not hold back in this 30-minute power interview about inflation, the US Dollar, Gold & Silver.
A "Moment Of MAXIMUM SATURATION" Is Quickly Approaching... What That Means For YOU.
Greg Mannarino: 2-6-2023
Proof Of Time: A Different Way To Think About Gold
Proof Of Time: A Different Way To Think About Gold
February 3, 2023 Simon Black
Gold is really an amazing metal when you think about it. It doesn’t corrode. Coins buried underground or sunk at the bottom of the ocean for hundreds of years are routinely pulled up and brushed off, and they’re good as new. This strength and durability is precisely what makes gold so interesting as an inflation hedge.
It undoubtedly takes a lot of work to produce a gold coin or bar-- so much labor, energy, technology, etc. A gold coin essentially represents all of the work… all of the effort and labor… that went into producing it.
Proof Of Time: A Different Way To Think About Gold
February 3, 2023 Simon Black
Gold is really an amazing metal when you think about it. It doesn’t corrode. Coins buried underground or sunk at the bottom of the ocean for hundreds of years are routinely pulled up and brushed off, and they’re good as new. This strength and durability is precisely what makes gold so interesting as an inflation hedge.
It undoubtedly takes a lot of work to produce a gold coin or bar-- so much labor, energy, technology, etc. A gold coin essentially represents all of the work… all of the effort and labor… that went into producing it.
This is not unique. In the same way, a bushel of wheat represents all the labor that went into producing the grain. An iPhone represents all the labor and effort that went into producing it. Except that wheat doesn’t last. iPhones don’t last. Gold does.
So gold essentially encapsulates all of the resources, including TIME, that went into producing it… in a way that lasts forever.
Right now, for example, it costs major mining companies about $1,270 to mine a single ounce of gold. So if you buy gold today, you’re essentially locking in a $1,270 production cost.
This is the reason that gold does such a great job of maintaining its value against inflation, because, over time, production costs tend to increase. And higher production costs eventually result in higher prices.
This is true with just about any product or industry. We’ve seen companies like Procter&Gamble, Unilever, CocaCola, McDonalds, etc. all increase prices because their production costs are rising.
Again, though, you cannot use a Big Mac as a store of value. It won’t last forever. It won’t even last a day.
But gold lasts. You can buy a Canadian Maple Leaf coin today, and, ten years from now, your 2023 coin will be worth exactly the same as a brand new coin minted in 2033.
And if you anticipate that inflation will push up production costs over the next decade (which tends to happen), you can easily make a case that gold prices will be higher by then.
This is the topic of our podcast episode today; we take a deeper look at why gold has long-term value-- a variation of ‘proof of work’ that I call Proof of Time.
We start out in Yap Island, in Micronesia, and discuss how the natives there developed one of the most advanced financial systems in the history of the world based on the concept of ‘Proof of Work’.
Anthropologist William Furness wrote that, despite the Yapese having no understanding of economics, they realized that “labor is the true medium of exchange and the true standard of value.”
I believe this is true. But more than labor, I believe that TIME is real standard of value.
Time is the ultimate scarce resource. No one, no matter how rich or powerful, can create any more of it. And once it is used, it is gone forever. Labor is one of the ways that we use time. And gold is a rare asset that transmits both time and labor… forever.
We also talk about different BUY signals for gold. We talk about miners’ gross profits-- and why it makes sense to think about buying when profits are low… or even when the price of gold falls below the price of production.
In a way that’s like buying a house for less than the cost of construction; it’s a SCREAMING deal and definitely worth considering.
Gold isn’t at that level right now. But it could be soon… and that’s why it’s worth understanding how to think about gold, and many other assets, through this lens of ‘time’.
You can listen to this week’s episode here.
To your freedom, Simon Black, Founder Sovereign Research & Advisory
https://www.sovereignman.com/podcast/proof-of-time-a-different-way-to-think-about-gold-145695/