Lynette Zang and Bix Weir Wednesday 3-29-2023
The Fed's Role in Supporting Foreign Central Banks & What this Means for the US Dollar
Lynette Zang: 3-29-2023
Join Lynette Zang as she discusses the issue of banking system instability and the dangers of history repeating itself.
From the 2008 Bear Stearns collapse to the recent banking crises, Lynette shares her insights on the banking system's vulnerabilities and how they impact the global economy.
Discover why staying informed is crucial and how to protect your investments in these uncertain times.
The Fed's Role in Supporting Foreign Central Banks & What this Means for the US Dollar
Lynette Zang: 3-29-2023
Join Lynette Zang as she discusses the issue of banking system instability and the dangers of history repeating itself.
From the 2008 Bear Stearns collapse to the recent banking crises, Lynette shares her insights on the banking system's vulnerabilities and how they impact the global economy.
Discover why staying informed is crucial and how to protect your investments in these uncertain times.
ALERT! Summary of Silver, Gold, Cryptos & THE PLANNED CHANGES! (Bix Weir)
Bix Weir: 3-29-2023
Here's a summary of where we stand in the Road to Roota Theory!
"Gold is Winning Against All Fiat" Frances Hunt
Francis Hunt: Gold is Winning Against All Fiat
Palisades Gold Radio: 3-22-2023
Tom welcomes back Francis Hunt, Founder of "The Market Sniper" to the show. Francis discusses the bond market bottom of March 2020 and the series of rate hikes that came afterward.
We're beginning to see the lagging effects of the Feds policy. In addition, there are a series of long-term demographic shifts which are placing great pressure on the system. Both growth and inflation are now moving in the wrong direction, and these contractions will be deeply uncomfortable.
He shows the current gold chart and how it appears we are breaking trend lines. He argues that silver will also outperform, it will just occur in a later secondary phase.
Gold against most currencies is nearing new highs. It is winning by doing exactly what it should do. Francis discusses where silver will head under various scenarios.
Francis Hunt: Gold is Winning Against All Fiat
Palisades Gold Radio: 3-22-2023
Tom welcomes back Francis Hunt, Founder of "The Market Sniper" to the show. Francis discusses the bond market bottom of March 2020 and the series of rate hikes that came afterward.
We're beginning to see the lagging effects of the Feds policy. In addition, there are a series of long-term demographic shifts which are placing great pressure on the system. Both growth and inflation are now moving in the wrong direction, and these contractions will be deeply uncomfortable.
He shows the current gold chart and how it appears we are breaking trend lines. He argues that silver will also outperform, it will just occur in a later secondary phase.
Gold against most currencies is nearing new highs. It is winning by doing exactly what it should do. Francis discusses where silver will head under various scenarios.
The markets today are entirely different from what we had in the 1980s. No one has ever lived in an era like the one we find ourselves in today. The purpose of CBDC's is to create reliance on the state. It is a massive control mechanism. You will want to watch out for new dangerous laws because we're dealing with psychopathic, motivated, and relentless control freaks.
He discusses the positives and potential pitfalls of crypto markets in the coming financial system.
Bonds are unlikely to drop to the lows of a couple of years ago. It seems likely we are in new territory, but a pullback to the two percent level is possible. We're entering a period of slowing growth and reduced demand, which is affecting the oil markets.
Lastly, Francis discusses where markets will likely head based on the ten-year treasury outlook, and it's recent record.
Finally, he notes that energy is forecasting hard times ahead.
Time Stamp References:
0:00 - Introduction
0:38 - Rates & Contagion
5:32 - Gold Chart & Structures
8:56 - Gold Vs. Currencies
19:18 - Gold/Silver Ratio
25:30 - Timelines & Spikes
31:07 - The CBDC Push?
42:02 - Usefulness of Crypto?
47:47 - Technical Analysis & Oil
1:00:12 - Natural Gas & Uranium
1:03:22 - Crushing Consumers
1:04:30 - US 10Y & 2Y History
1:07:55 - Narratives & Risks
1:09:20 - Wrap Up
Talking Points From This Episode
- Analysis of Fed policy and demographic shifts in the U.S.
- Gold chart and why it is breaking out against all currencies.
- The reasons for lag in silver and why it will outperform in a later stage.
- Energy market outlook and concerns around recession.
Francis Hunt, Bix Weir and Mike Maloney Tuesday 3-14-2023
Banks Fail; Is The Reset Upon Us? | Francis Hunt LIVE
Liberty and Finance: 3-14-2023
Banks are starting to fail and the Fed is intervening to prop up the system.
What's next, and is this the beginning of the "economic reset" people have been talked about?
Banks Fail; Is The Reset Upon Us? | Francis Hunt LIVE
Liberty and Finance: 3-14-2023
Banks are starting to fail and the Fed is intervening to prop up the system.
What's next, and is this the beginning of the "economic reset" people have been talked about?
SILVER ALERT! Silver Riggers Dump 800Moz of Silver Derivatives to Stop Moonshot!
(Bix Weir) 3-14-2023
It took close to 1 year's production of silver dumping to stop the Silver Moonshot yesterday...but they were ALL Silver Derivatives!
JP Morgan and friends are LOVING these days as the entire population is removing their assets from small banks and giving them to the Big Banks!
But to keep this system going the Big Banks are rigging the crap out of commodity prices...WHEN WILL THIS CON BUST? SOON!
Is This the Beginning? Live Update with Mike Maloney
3-14-2023
Tune in and get Mike's take on everything happening in the markets today including the recent surge in precious metals, the SVB collapse, potential Fed reactions, and what might be coming next.
More News, Rumors and Opinions Monday PM 3-13-2023
KTFA:
Clare: The Cabinet approved the draft budget law for the years 2023, 2024 and 2025
3/13/2023
On Monday, the Iraqi Council of Ministers approved the draft budget law for the years 2023, 2024 and 2025.
The media office of the Prime Minister said, in a statement received by Shafaq News Agency, that the Council of Ministers approves the draft federal budget law for the fiscal years 2023, 2024 and 2025, in its regular session chaired by the Prime Minister, Muhammad Shia'a Al-Sudani, and refers it to the House of Representatives.
Today, the Iraqi government, headed by Muhammad Shia'a al-Sudani, held a session that included discussing the draft federal budget law.
KTFA:
Clare: The Cabinet approved the draft budget law for the years 2023, 2024 and 2025
3/13/2023
On Monday, the Iraqi Council of Ministers approved the draft budget law for the years 2023, 2024 and 2025.
The media office of the Prime Minister said, in a statement received by Shafaq News Agency, that the Council of Ministers approves the draft federal budget law for the fiscal years 2023, 2024 and 2025, in its regular session chaired by the Prime Minister, Muhammad Shia'a Al-Sudani, and refers it to the House of Representatives.
Today, the Iraqi government, headed by Muhammad Shia'a al-Sudani, held a session that included discussing the draft federal budget law.
Yesterday, Sunday, Finance Minister Taif Sami announced the completion of the draft federal budget law for the year 2023 and sending it to the Council of Ministers for the purpose of discussing and voting on it. LINK
Clare: After years of disagreement.. Al-Sudani announces an agreement to solve problems with the Kurdistan Region
3/13/2023
The Prime Minister, Muhammad Shia' al-Sudani, announced, on Monday, that an agreement had been reached to end the dispute between Baghdad and Erbil over Kurdistan Region's oil revenues.
"An agreement was reached to solve the problems between the center and the region regarding oil and gas by putting the revenues from the region's oil in a bank," Al-Sudani said during a press conference held today after the cabinet session, which was attended by Shafaq News agency.
He added, "For the first time, we reached an agreement that the region's oil revenues be deposited in one account and authorize the region's prime minister and the federal prime minister to monitor the account, and there will be a committee that will submit its recommendations to the federal prime minister to take the appropriate decision." LINK
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Clare: Kurdistan's share of it is 25 trillion dinars.. Iraq approves the largest budget in its history with 200 trillion dinars
3/13/2023
The deputy in the Iraqi parliament from Sulaymaniyah Governorate, Bajyar Rashid, revealed today, Monday, the details of the state's general federal budget for the three years approved by the Council of Ministers, describing it as the largest budget in Iraq's history.
Rashid told Shafaq News agency, "The Iraqi Council of Ministers agreed on a draft budget law for the fiscal years 2023, 2024, and 2025, indicating that the Iraqi budget draft law is the largest in the history of the Iraqi state in 20 years, amounting to 200 trillion dinars, the total budget, and it will reach Parliament shortly."
He stressed that the region's budget will be 25 trillion dinars, and this budget can be used for planning and work in a very large way.
Today, Monday, the Iraqi Council of Ministers approved the draft federal budget law for the fiscal years 2023, 2024 and 2025, in its regular session, chaired by Prime Minister Muhammad Shia Al-Sudani, and refers it to the House of Representatives.
Today, the Iraqi government, headed by Muhammad Shia'a al-Sudani, held a session that included discussing the draft federal budget law.
Yesterday, Sunday, Finance Minister Taif Sami announced the completion of the draft federal budget law for the year 2023 and sending it to the Council of Ministers for the purpose of discussing and voting on it. LINK
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Courtesy of Dinar Guru
Sandy Ingram Article: "Iraq: Government orders audit of official's funds" Iraq is considered one of the most corrupt countries in the world. It ranks 157th out of 180 nations on the Transparency International 2021 Corruption Index. The fact Iraq is now ordering the officials bank accounts to be audited is a big step towards stopping the flow of corruption and increasing the value of the currency.
Nader From The Mid East Everybody's asking me if they can send money to Iraq with Apple Pay or a cash app. Tell you the truth I didn't try it and didn't try it in any country. I gotta try it to see. I never sent money with cash app to another country or Apple...We're gonna try tonight and I'll let you know...I know I can send money with Western Union. I can send money bank transfer. Yes, I can do that. Apps I've never tried so I gotta try it...Give me a couple days and I'll let you know. I know it's [dinar] international for sure. My friend told me and I saw 2 articles too.
BREAKING NEWS on Silicon Valley Bank Collapse | with Lynette Zang
Lyneette Zang: 3-13-2023
ALERT! Silver & Gold Are the ONLY Way Out of the Banking Chaos!! IT HAS ONLY JUST BEGUN!
(Bix Weir) 3-13-2023
Goldilocks, Bix, Andy and more....Sunday Afternoon 3-12-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning again Dinar Recaps,
Goldilocks posted the following comments and link:
It looks like we're on our own folks.
And really, the only way to get to real values is to see just where we stand as we approach the new digital asset-based trading system.
No bailouts for Silicon Bank is a huge statement about where we stand as an economy.
We are being told that we have no more liquidity to spare. Here comes the phase of finding real values whereby the revaluation of everything will come into play.
© Goldilocks
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning again Dinar Recaps,
Goldilocks posted the following comments and link:
It looks like we're on our own folks.
And really, the only way to get to real values is to see just where we stand as we approach the new digital asset-based trading system.
No bailouts for Silicon Bank is a huge statement about where we stand as an economy.
We are being told that we have no more liquidity to spare. Here comes the phase of finding real values whereby the revaluation of everything will come into play.
© Goldilocks
Goldilocks Cont……..
Yellen says no federal bailout for Silicon Valley Bank
https://www.disclose.tv/id/1634911923585073152/
~~~~~~~~~~
RJ: Goldilocks just posted the following:
Just announced:
THIS MORNING the FEDERAL RESERVE having a meeting at "11PM" TONIGHT
* Fox News
Goldilocks' Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/goldilocks
Thank you Dinar Recaps
*************
Okie #WEARETHEPEOPLE (Not OkieOilMan)
JUST RECEIVED WORD FROM SOURCES THAT ALL SYSTEMS ARE GREEN TO GO.
BANKS ARE CLOSED ON SUNDAY. THERE ARE NO MORE HOLD UPS OR DELAYS.
WE ARE SIMPLY WAITING ON THE BANKS TO POST THE RATES.
WE ARE ON TARGET. SIT BACK AND RELAX. NO SWEATS, NO FRETS. EVERYONE IS SAFE.
*************
Courtesy of Dinar Guru
Nader From The Mid East My friend from California called me and gave me great news. He's amazing...very smart guy, very sharp. He said...'you guys are international'...I can send you money from Iran and you revise it in dollar. You can send money anywhere in the world - you'll receive it in your currency wherever you are. We are International...That's good news. That's great news. We are international.
Walkingstick & Frank26 The introduction of a float, which is coming, will give us the true value of the IQD...
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KTFA:
Clare: After setting the date for its approval.. The Sudanese advisor announces the content of the budget
3/12/2023
The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Sunday, the most prominent items that will be included in the federal budget for the fiscal year 2023.
Saleh told Al-Furat News that: "Social spending, according to the government program approved by parliament last October, is the most prominent issue in the operational aspect of the budget."
"What is meant here is social welfare and the fight against poverty and unemployment," he added.
Saleh continued, "As for the investment side, infrastructure or basic services will have priority, especially municipal services related to people's lives, such as water and sewage networks, roads, schools, hospitals, and others."
And the advisor to the Prime Minister, Diaa Al-Nasseri, announced that the draft budget law for the current year 2023 "will be approved in a special session of the Council of Ministers tomorrow, Monday."
And the Minister of Finance, Taif Sami, announced today, Sunday, the completion of the draft federal budget law for the year 2023 and sending it to the Council of Ministers for the purpose of discussing and voting on it. As well as providing a safe cover for strategic and sustainable development projects.
From: Raghad Dahham LINK
SILVER ALERT! Bank Runs Have Started! Chicken Little Was RIGHT! BUY SILVER!
(Bix Weir) 3-12-2023
I was 23 years early but that's much, much better than being 1 minute late!!
Bank Runs have already started and not just at Silicon Valley Bank.
There are 18,400 Regional Banks that will likely CLOSE THEIR DOORS by the end of the month!
CHICKEN LITTLE HAS SPOKEN!
SILVER ALERT! Physical Silver UPDATE...Where Will the Billionaires Put Money Now?!
(Bix Weir and Andy Schectman)
The world is running out of places to store their wealth.
The mega rich billionaire club has to move assets out of the system and FAST!
Silver & Gold are the SAFEST alternatives to cash! HANG ON TIGHT!
Benefits of Gold Backed Banking for Proteccting Your Wealth
Brett Oland: Benefits of Gold Backed Banking For Protecting Your Wealth
Paalisades Gold Radio: 3-10-2023
Tom welcomes Brett Oland, the CEO of Bow Valley Credit Union, about their gold-backed initiative. Brett has been in the banking world for 20 years and he is a chartered accountant and CPA.
Brett believes that inflation is a massive problem and it will continue for the foreseeable future, resulting in the devaluation of the US dollar.
Brett explains currency printing, debt to GDP ratios, and how governments have crossed the debt to GDP Rubicon.
Brett also discusses the environmental hysteria surrounding the green revolution, the US sanction list, and the One Belt One Road initiative, as well as the US unfunded liabilities and the worldwide pension crisis.
Brett Oland: Benefits of Gold Backed Banking For Protecting Your Wealth
Paalisades Gold Radio: 3-10-2023
Tom welcomes Brett Oland, the CEO of Bow Valley Credit Union, about their gold-backed initiative. Brett has been in the banking world for 20 years and he is a chartered accountant and CPA.
Brett believes that inflation is a massive problem and it will continue for the foreseeable future, resulting in the devaluation of the US dollar.
Brett explains currency printing, debt to GDP ratios, and how governments have crossed the debt to GDP Rubicon.
Brett also discusses the environmental hysteria surrounding the green revolution, the US sanction list, and the One Belt One Road initiative, as well as the US unfunded liabilities and the worldwide pension crisis.
Tom then asked Brett about the possibility of a European nation, such as Spain, Greece, or Italy, falling as a result of the rise in DXY and commodities.
Brett believes the US Federal Reserve will pivot either through quantitative easing or interest rate reductions.
Brett suggests that the tool to stabilize the US balance sheet is gold, as it is globally accepted, and the US would need to couple their currency or treasuries to gold to prevent a massive deflationary event.
In order to protect Bow Valley Credit Union from the potential economic downturns, Brett has created a strategy to anchor part of their balance sheet with gold.
Brett believes this strategy provides an effective way to hedge against tail risks, such as a devaluation event.
Brett encourages everyone to talk to their local credit union and push for change in order to protect their finances against inflation.
Time Stamp References:
0:00 – Introduction
0:35 - Background
2:09 - A Gold Initiative
5:26 - The Convoy Protests
9:44 - Fintrac & Policies
13:00 - Presentation
18:08 - Inflation & Devaluation
26:30 - Japan & Yield Control
32:16 - Fed & Treasury
36:13 - Dollar Global Status
38:34 - Importance of Energy
42:27 - U.S. Unfunded Liabilities
49:24 - Three Options
59:16 - Scenarios & Gold
1:01:07 - Gold as Insurance
1:06:24 - Wrap Up
Talking Points From This Episode
- Why gold is an effective tool to stabilize the US balance sheet and hedge against tail risks.
- Credit unions should consider anchoring part of their balance sheet with gold.
- Consider talking with your local Credit Union for changes to protect member wealth.
Economic News From Heresy Financical and Deepin Moments 3-10-2023
The REAL Reason the World Left the Gold Standard
Heresy Financial : 3-10-2023
Gold has served the role, and function of being money for thousands of years. This is because gold has characteristics that make it perform and function better as money than all its competitors.
The difficulty in mining gold and getting it out of the ground meant the supply was limited, keeping inflation in check.
It is an easily recognizable color, and its heavy weight and its malleability meant that it was difficult to counterfeit.
The relative scarcity of gold meant that you could store a large amount of wealth in a small space.
The REAL Reason the World Left the Gold Standard
Heresy Financial : 3-10-2023
Gold has served the role, and function of being money for thousands of years. This is because gold has characteristics that make it perform and function better as money than all its competitors.
The difficulty in mining gold and getting it out of the ground meant the supply was limited, keeping inflation in check.
It is an easily recognizable color, and its heavy weight and its malleability meant that it was difficult to counterfeit.
The relative scarcity of gold meant that you could store a large amount of wealth in a small space.
And finally, the fact that it is impervious to corrosion, rust, decay, to rot, meant that you could store your wealth in gold forever without ever worrying about time ruining your wealth.
Timecodes
0:00 Video Introduction
0:50 The Shift from Gold to Fiat Money
3:22 Trust Issues with Fiat Money
5:18 Trust Issues with Gold Standard
6:02 Counterfeiting in Gold Coins and Debasement of Currency
7:40 Verification of Gold
8:42 The Need for Trust in All Monetary Systems
Up 22.8%! The United States is abandoned! EU-27 announces increased cooperation with China!
Deepin Moments: 3-10-2023
In summary: Since the US passed the Inflation Reduction Act, it has been strongly opposed by the EU, and the EU has started several rounds of games with the US, among which French President Macron has been particularly tough.
Against this backdrop, European leaders are gradually realizing the importance of cooperation with China and have started to visit China.
"Gold- The Safe Trade is a World of Absolute Risk"
Gareth Soloway: Gold - The Safe Trade in a World of Absolute Risk
Palisades Gold Radio: 3-8-2023
The Fed was discussing transitory issues, but now they are talking of a mild recession. They have built a house of cards heavily reliant on rates and printing, and no one knows what could break in the system today.
The unintended consequences of their actions could lead to a collapse.
Despite this, the Fed may be reluctant to curb interest rates, meaning we could be in for a protracted period of recession lasting several years.
Investors today are used to the Fed coming to the rescue, particularly since 2009. But if they don't, markets and investors will be confused about how the recovery will work out naturally.
Gareth Soloway: Gold - The Safe Trade in a World of Absolute Risk
Palisades Gold Radio: 3-8-2023
The Fed was discussing transitory issues, but now they are talking of a mild recession. They have built a house of cards heavily reliant on rates and printing, and no one knows what could break in the system today.
The unintended consequences of their actions could lead to a collapse.
Despite this, the Fed may be reluctant to curb interest rates, meaning we could be in for a protracted period of recession lasting several years.
Investors today are used to the Fed coming to the rescue, particularly since 2009. But if they don't, markets and investors will be confused about how the recovery will work out naturally.
Credit card debt is skyrocketing and car loans are seeing defaults, leading Gareth to believe we are in for a long drawn out recession.
People have been overspending since the end of the lockdowns, and soon will have to cut back.
Countries with resources, particularly metals, will likely do better than most.
China is seeing a surge in demand internally, and it will be interesting to see if this leads to an inflation surge.
Gold is still attractive for its use as a fear trade, and can also do well during inflation. However, it has yet to outperform this year.
Servicing the debt will put a burden on the system, while corporations will also have issues refinancing. There are many layoffs coming as a result.
Gareth believes the downside for gold is minimal, and the upside is potentially amazing. Silver is trickier to gauge because of its industrial demand aspects, but should perform well if your time horizon is longer than average.
The dollar could continue higher if we get through this recession, which will in turn pressure metals and equities.
We need to keep an eye on the jobs numbers on Friday. The decline in natural gas futures has been impressive and we are now in a trading range.
Gareth still believes the Bitcoin markets are likely due for a further decline, and that we are seeing similar patterns. A bear market rally appears to still be in play, and a pullback to 18,000 or even lower seems likely.
A recession or pullback in equities will also impact the crypto space, so lower targets remain possible. Gareth believes regulations in crypto will benefit the markets, as it will allow institutions into the space. Right now, legally they would have a lot of trouble investing.
Time Stamp References:
0:00 - Introduction
0:35 - Feds In Control?
3:50 - Rates & Recession
5:18 - Weakness Starting?
7:29 - Global Outlook & China
9:12 - China, Copper, & Steel
10:40 - Gold & Inflation
12:30 - Black Swans & Tensions
13:28 - S&P Outlook Charts
16:36 - Gold Chart
20:36 - GDX Outlook?
21:58 - Silver Chart
23:00 - Dollar Direction
24:15 - Energy - Crude
25:25 - Trendlines & Closes
26:54 - Natural Gas Futures
28:46 - Bitcoin Volatility
31:39 - Trading Tip
33:40 - Wrap Up
Bix Weir and Greg Mannarino Tuesday PM 3-7-2023
ALERT! Silver Derivatives Slam Silver Price So Silver Banks Can CLOSE SHORT POSITIONS!!
(Bix Weir) 3-7-2023
Yes, this is the End Game for Silver Price Suppression...Slam the price with silver derivatives so that the banks can close out massive silver short positions!
But if the bank shorts are running for the hills...WHO WILL BE LEFT TO TAKE THE SHORT POSITION IN SILVER DERIVATIVES???
NOBODY!!
ALERT! Silver Derivatives Slam Silver Price So Silver Banks Can CLOSE SHORT POSITIONS!!
(Bix Weir) 3-7-2023
Yes, this is the End Game for Silver Price Suppression...Slam the price with silver derivatives so that the banks can close out massive silver short positions!
But if the bank shorts are running for the hills...WHO WILL BE LEFT TO TAKE THE SHORT POSITION IN SILVER DERIVATIVES???
NOBODY!!
LIVE! Stock Market Gets BLASTED! The MMRI Crosses 260. Fed. Powell LIES...
Greg Mannarino: 3-7-2023
Deepin Moments and Jim Willie "Gold Standard and DeDollarization" 3-6-2023
Return to the Gold Standard! The US can't stop over 40 countries from using less dollars!
Deepin Moments: 3-6-2023
In summary: As the US dollar is used more and more countries!
The main currency generally recognized in the world is the US dollar, and the United States also ranks among the world's economic powers by virtue of the advantage of the US dollar.
Today, the US dollar plays a pivotal role in trade among countries, especially in oil trade. Therefore, the US dollar is used by many countries as an international reserve currency.
However, some experts in the United States suggested returning to the gold standard.
Return to the Gold Standard! The US can't stop over 40 countries from using less dollars!
Deepin Moments: 3-6-2023
In summary: As the US dollar is used more and more countries!
The main currency generally recognized in the world is the US dollar, and the United States also ranks among the world's economic powers by virtue of the advantage of the US dollar.
Today, the US dollar plays a pivotal role in trade among countries, especially in oil trade. Therefore, the US dollar is used by many countries as an international reserve currency.
However, some experts in the United States suggested returning to the gold standard.
The reason is that more than 40 countries including China, Germany, Japan, and India have initiated the process of de-dollarization.
Jim Willie: De-Dollarization Movement Is Pressuring COMEX
Arcadia Economics: 3-3-2023
Jim Willie: De-Dollarization Movement Is Pressuring COMEX We're now over a year into the Russia-Ukraine war, with sadly no end in sight, to what's become a financial war in addition to being a kinetic one.
In that time we've seen a further polarization of the world, especially in the financial sense, and in today's show, Jim Willie checks in to talk about the latest financial implications.
Jim talks about how and why countries are moving away from the dollar infrastructure, what he sees happening with the CBDCs, and his views on how he sees gold and silver becoming a bigger part of the future financial system.
He talks about the gold and silver flows that may be going on behind the scenes, and why he feels the COMEX is at risk of being the victim after the dust settles.
So to find out more about the latest macro trends and how Jim sees them playing out, click to watch this video now!
More News, Rumors and Opinions Friday Night 3-3-2023
KTFA:
Clare: Al-Samarrai: The Prime Minister is taking another revolutionary measure to correct the country's economic conditions
3/03/2023
The head of the Azm Alliance, Muthanna al-Samarrai, considered that the prime minister is taking another revolutionary measure to correct the country's economic conditions.
Al-Samarrai said in a tweet to him, "The Prime Minister's directive to review the sums deducted from the salaries of employees, retirees, and social protection, and to review the contracts of banks and electronic payment companies that have monopolized this process for years by opening the door to competition to serve the better is another revolutionary measure to correct the economic conditions of the country. " LINK
KTFA:
Clare: Al-Samarrai: The Prime Minister is taking another revolutionary measure to correct the country's economic conditions
3/03/2023
The head of the Azm Alliance, Muthanna al-Samarrai, considered that the prime minister is taking another revolutionary measure to correct the country's economic conditions.
Al-Samarrai said in a tweet to him, "The Prime Minister's directive to review the sums deducted from the salaries of employees, retirees, and social protection, and to review the contracts of banks and electronic payment companies that have monopolized this process for years by opening the door to competition to serve the better is another revolutionary measure to correct the economic conditions of the country. "
Clare: Among them is reducing borrowing costs.. A Sudanese consultant reviews the benefits of the unified treasury account
3/03/2023
On Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, outlined the benefits of establishing the unified treasury account, considering it the main tool for managing the government's monetary resources.
"The unified treasury account is the main tool for unifying and managing resources or cash flows for the central government, as Iraq, unfortunately, still depends on government banking arrangements in a fragmented manner," Salih told the official news agency.
He added, "The effective oversight of the financial administration cannot achieve its goals in controlling public funds unless it relies on unified and undivided government banking arrangements," adding, "Therefore, the unified treasury account is an essential tool for unifying and managing the government's monetary resources."
He continued: "And then reduce the costs of borrowing, as the Iraqi government often borrowed from government banks in past years to fill the deficit in the annual budget, and the sources of that borrowing were mostly surplus government deposits in various government accounts, due to the absence of sufficient information about the financial abundance scattered in various bank accounts".
He pointed out that "Iraq is still among the countries that have fragmented government banking arrangements in dealing with government revenues and payments, which necessitates work today, for the government financial administration to have the launch of the project to establish the unified treasury financial account and in accordance with the priorities that came in the principles of reforming public financial management." which was stipulated in the ministerial platform of the Iraqi government.
He stressed that "the proliferation of sub-accounts of ministries, departments, and public institutions in the current form has made financial management and oversight authorities lose the ability to be accountable in following up financial actions, so pooling funds in a single or unified treasury account means pooling all government funds in one account, which would It reduces borrowing costs, expands credit, improves the government's fiscal policy, and at the same time improves oversight and accountability within the scope of work of government spending units, and reduces corruption in financial behavior and abuse of public money.
He noted that "launching the establishment of the unified treasury account comes as a necessary condition for completing the digital system, which is called: the Integrated Financial Information Management System (IFMIS). LINK
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MarkZ:
Mark Z: Hey guys! No podcast this evening. I have a meeting and will not be back in time. If any breaking news I will have my mobile device with me. See you all tomorrow at 11:00 am EST. Thanks!
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: So much is going on now with the banking and a lot of internal audits in this new banking platform. It’s screaming a new rate is coming. Why do all this for a continued 1310 program rate? FRANK: Yes…a new rate is coming…1310 may show up on your budget but it will quickly move as it starts to float. The currency is de-pegging as it floats. Once it reaches 1 to 1 it will pair in a basket with many currencies.
Pimpy Iraq has one of the largest gold reserves in the world and the crazy thing about it is most of the gold is on the surface. The Iraq Central Bank is doing a lot of what central banks are doing around the world which is increasing their gold reserves…Iraq went from 96.42 tons and jumped up in July of 2022 to 130.32 tons…which is awesome…
LIVE! With The Economy In FREEFALL, Central Banks Pump ONE TRILLION DOLLARS Into The Market.
Greg Mannarino: 3-3-2023
ALERT! COMEX Silver Volume CRASHING! The Pebbleton Post is Here to Navigate the Change!!
(Bix Weir) 3-3-2023
Why has the COMEX Silver Trading Volume CRASHED? Is it because hundreds of thousands of commodity traders don't trust the rigged COMEX silver market?...OR maybe they were NEVER THERE IN THE FIRST PLACE!
Why aren't the banks pushing their high frequency trading programs the way they usually do?
Could it be we are approaching the End of COMEX Silver??!