News, Rumors and Opinions Saturday Morning 6-24-2023
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 Sat. 24 June 2023
Compiled Sat. 24 June 12:01 am EST by Judy Byington
Global Currency Revaluation:
The official new International Dinar Rate is $3.81.
Fri. 23 June Wolverine: “We inform all the people involved in the Redemption that we are entering Radio Silence from 6:00 pm Fri. 23 June until 6:00 pm Tues. 27 June, there will be no communication of any kind regarding payment among the participants or comments on this matter with anyone.”
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 Sat. 24 June 2023
Compiled Sat. 24 June 12:01 am EST by Judy Byington
Global Currency Revaluation:
The official new International Dinar Rate is $3.81.
Fri. 23 June Wolverine: “We inform all the people involved in the Redemption that we are entering Radio Silence from 6:00 pm Fri. 23 June until 6:00 pm Tues. 27 June, there will be no communication of any kind regarding payment among the participants or comments on this matter with anyone.”
Fri. 23 June Goldilocks: It has come to my attention that Protocol 20 codes are currently being integrated into the QFS. These codes deal with currency protocols allowing digital assets to move through the system.
By Fri. 16 June the Admiral had released the codes to the Quantum Financial System and algorithms downloaded Dubi One and Dubi Two funds.
On Sat. 17 June Sat. 17 a CBI contact said that the IMF, World Bank and US Treasury had given the “green light” to reinstate the currency.
On Sun. 18 June the UST had completed sending protocols to the Forex and a major Bond Trader reported that Tiers 2 and 3 had started. The GESARA Talk Show: Major Bond Trader Reports Tiers 2 and 3 Started | Dinar Chronicles
On Wed. 21 June the Iraqi President signed the Budget with the new Dinar Rate in it, making it official. Revaluation of the Iraqi Dinar was considered the Kingpin of the Global Currency Reset. The only thing Tier4b (us, the Internet Group) has left to do is wait.
It was rumored that the US Federal Reserve and US Treasury were on notice that if they could not pay the Global Repository back the quadrillions owed, they would be handing over all assets, including property and business assets on June 30 2023.
Restored Republic:
It was rumored that US Inc, IMF, UN, World Bank, World Economic Forum and Central Banks around the World were now bankrupt defunct corporations without any Sovereignty.
The IRS and Federal Reserve have been shut down, while the bankrupt US Treasury has been transferred to the new US Treasury funded by gold of the Restored Republic and resides on an Indian Reservation near Reno Nevada.
Must Watch Videos:
Wed. 21 June NESARA/GESARA: Dr. Scott Young: New Huge NESARA/GESARA Intel and Q&A – It’s Coming, Folks!! (Video) | Alternative | Before It’s News (beforeitsnews.com)
Read full post here: https://dinarchronicles.com/2023/06/24/restored-republic-via-a-gcr-update-as-of-june-24-2023/
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Courtesy of Dinar Guru
Militia Man A market economy/private sector is not going to be at an exchange rate of 1310. It's just not going to work...1310 is not going to get them international. We all know that. Do the math on the budget. It's just not going to happen. So thinking it's going to go until 2024 or 2025...? Hearing it on the streets doesn't make it right...This is real. It's not a joke. They're not telling us that we're going to 2024/25...
Bruce [via WiserNow] There's a new rate coming out, which might have actually come out today. It's a new higher rate of Iraqi dinar and is supposed to be published in the gazette...Now they can do a printed version any day. It doesn't have to be on Saturday. But I believe come out Saturday, maybe Sunday...We know that the new dinar rate is coming out and Iraq will actually start trading this on the Forex Sunday...Afternoon - ...everything else that we know is done. Budget, oil and gas law, everything that they needed to do. Their ATMs are all fired up and working with their lower denominations...
Iraq budget will publish sometime this week
Nader: 6-24-2023
COMEX Adds 5 Million Silver Ounces To Registered As July Deliveries Loom
Arcadia Economics: 6-23-2023
One of the key trends in the silver market over the past year has been the steady drain of silver from the COMEX's registered inventory. Which has gone from 150 million ounces during the silver squeeze weekend in February of 2021, down to 27 million ounces as of last week.
However there was a big addition of 5 million ounces out of eligible into registered yesterday, which brings the registered category up to 32 million ounces ahead of the July delivery cycle.
The July deliveries begin late next week, and it's possible that this silver is being added into registered to be prepared for delivery against July contracts, or also possibly some of the June contracts that remain open and have not been delivered on yet.
News, Rumors and Opinions Tuesday PM 6-20-2023
KTFA:
Clare: Iraq Pays The Sums Of Its Membership In The World Trade Organization
6/19/2023
The Minister of Commerce, Atheer Daoud Al-Ghurairy, announced today, Monday, the completion of technical and logistical procedures to pay the sums owed by Iraq to the World Trade Organization (WTO).
And the ministry stated in a statement, quoting the media office, which was received by Earth News, that “the Department of Foreign Economic Relations, in coordination with the administrative and financial department in the ministry, and with exceptional efforts, was able to complete all procedures related to paying the sums owed by Iraq in favor of the organization, for its membership in it as an observer, since the contribution has It accumulated for previous years as a result of the delay in approving the general budget for Iraq, in addition to reducing its percentage due to the austerity measures adopted since 2018.
KTFA:
Clare: Iraq Pays The Sums Of Its Membership In The World Trade Organization
6/19/2023
The Minister of Commerce, Atheer Daoud Al-Ghurairy, announced today, Monday, the completion of technical and logistical procedures to pay the sums owed by Iraq to the World Trade Organization (WTO).
And the ministry stated in a statement, quoting the media office, which was received by Earth News, that “the Department of Foreign Economic Relations, in coordination with the administrative and financial department in the ministry, and with exceptional efforts, was able to complete all procedures related to paying the sums owed by Iraq in favor of the organization, for its membership in it as an observer, since the contribution has It accumulated for previous years as a result of the delay in approving the general budget for Iraq, in addition to reducing its percentage due to the austerity measures adopted since 2018.
The statement added, "The Minister of Commerce and Chairman of the National Committee on Iraq's accession to the organization had issued directives to give the issue the utmost importance."
The Director General of the Department of Relations in the Ministry, Riyad Al-Hashemi, stressed that “addressing the concerned authorities about the necessity of resolving the file and implementing the recommendations of the Diwani Order Committee No. 6 of 2022 regarding financial contributions to international and regional organizations, in addition to the fact that this issue is consistent with the paragraphs of the government curriculum, which gave importance to cooperation with international organizations.” Especially for its widespread impact on the global economy.”
He pointed out that "his department gave the WTO file a special importance within its plan prepared for the coming period, which supervises the implementation of the part related to it by the WTO department by coordinating the efforts of all government sectors to serve the interest of Iraq and its position." LINK
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Clare: The Deputy Prime Minister confirms to Shafaq News that Kurdistan's dues will be guaranteed in the budget
6/20/2023
The Iraqi Deputy Prime Minister, Fouad Hussein confirmed, on Tuesday, that the general budget law guarantees the salaries and dues of the Kurdistan Region, indicating the commitment of all parties to implement the articles and paragraphs of the law.
Hussein told Shafaq News agency, "I was following the developments and discussions that took place on the general budget law," explaining that "after the parliament voted on the budget law, we are now waiting for the President of the Republic to ratify the law in order for the law to become effective."
Hussein added, "Differences sometimes exist, but the way to resolve these differences is dialogue," noting that "there is an intense dialogue."
Hussein said, "The budget law confirms sending the salaries and dues of the Kurdistan Region," stressing that "there is a commitment from all parties to implement the articles and paragraphs of the law."
And the Iraqi parliament voted, on June 12, on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.
The value of the current year budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.
Iraqi Prime Minister Muhammad Shia' al-Sudani said that his government will review the parliamentary amendments that were made to it and the extent of their conformity with the government's goals. LINK
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Courtesy of Dinar Guru
Militia Man There are issuance of currencies/ denominations coming and they're not triple zero notes...The triple zero notes [that exist today] are going to stick around for about 10 years. Those of you that think they're going to LOP...the zeros off the currency...the Central Bank of Iraq, IMF, World Bank, The Bank of International Settlements ...disagree with you because they say specifically...we'll use it to facilitate large banking transactions for 10 years.
Walkingstick [via Frank26] The IMF keeps saying, 'You have currency inflation'. The way to combat currency inflation is by raising the value of their exchange rate. It is the economic conditions in Iraq that determine the exchange rate. Do you think the exchange rate should be a program rate right now based on that budget? No. That's why there are multiple exchange rates that were calculated due to the nature of their speed and currency inflation that they have now. Their inflation must not get out of hand...
Silver Drained From Exchanges | David Morgan
Liberty and Finance: 6-20-2023
The Fed pause was a “trial balloon,” says David Morgan, founder of The Morgan Report. He expects the Fed to continue to hike rates, because higher interest rates make the U.S. dollar desirable as a reserve currency.
Regardless of where the Fed sets rates, he expects metals to move higher. COMEX registered inventory of silver is less than 30 million ounces. “The physical market on the COMEX is being drained," he says.
INTERVIEW TIMELINE:
0:00 Intro
1:44 Fed pause
9:54 Silver exchanges
13:53 Metals forecast
16:50 Silver & freedom
ALERT! Derivatives GONE WILD! Silver Leases Expire & Derivative Gold Pops! Riggers PANIC!
(Bix Weir) 6-19-2023
The OCC Report on Q1 Precious Metal Derivatives has EXPLODED HIGHER with $90M in added derivatives by the Top 3 Riggers: JP Morgan, BofA & Citibank. It's all in the data!
But what the data is hiding could be the most important factor for Silver in DECADES...
I think that the price suppression for Silver using derivative Silver shorts is FALLING RAPIDLY and being hidden by new gold derivatives.
IF THIS IS THE CASE THEN THE END GAME FOR SILVER PRICE SUPPRESSION IS CLOSE AT HAND!
Nader, MilitiaMan and More Sunday AM 6-18-2023
US Government Sued for Allegedly Seizing $100,000,000 in Cash, Gold and Jewelry From Citizens Without Explanation
The US government won’t specify why it abruptly seized more than $100 million from people’s safety deposit boxes in California, according to a new lawsuit.
The nonprofit Institute for Justice says it’s seeking to halt forfeiture proceedings for a group of citizens who’ve had their assets confiscated by the FBI with little to no explanation.
The case is centered on a Los Angeles-based couple who says the FBI abruptly seized $40,200 of their life savings from a safety deposit box.
Linda and Reggie Martin want to know why the FBI took their cash, along with the contents of hundreds of other people’s safety deposit boxes, from a financial storage company in Beverly Hills in March of 2021.
US Government Sued for Allegedly Seizing $100,000,000 in Cash, Gold and Jewelry From Citizens Without Explanation
The US government won’t specify why it abruptly seized more than $100 million from people’s safety deposit boxes in California, according to a new lawsuit.
The nonprofit Institute for Justice says it’s seeking to halt forfeiture proceedings for a group of citizens who’ve had their assets confiscated by the FBI with little to no explanation.
The case is centered on a Los Angeles-based couple who says the FBI abruptly seized $40,200 of their life savings from a safety deposit box.
Linda and Reggie Martin want to know why the FBI took their cash, along with the contents of hundreds of other people’s safety deposit boxes, from a financial storage company in Beverly Hills in March of 2021.
The couple says the agency seized their money without providing any evidence of illegal activity.
Attorney Bob Belden says the FBI’s move is plainly immoral and violates the Martins’ rights as American citizens.
“The government shouldn’t get to take your property if it can’t tell you what you did wrong.
Using civil forfeiture, the government decides for itself whether to take and try to keep property, even when it doesn’t suspect the owners of any crime. Then, the FBI sends copy-and-paste forfeiture notices that fail to tell owners anything about why it is trying to take their property. That’s not only wrong; it’s unconstitutional.”
In total, the FBI’s operation seized more than $100 million in cash, gold, jewelry and other valuables from hundreds of people at the Beverly Hills location, according to the Institute for Justice.
The agency sent blanket notices that “indirectly refer to hundreds of federal crimes”, but the government refuses to say what the couple specifically did wrong.
The new lawsuit, filed in the U.S. District Court for the District of Columbia, asks the court to halt administrative proceedings for everyone who has received one of the FBI’s forfeiture notices.
To date, Linda says she and her husband have not been charged with a crime, and there is no indication that they will ever see their money again.
“The FBI took my savings nearly two years ago but has never told me why. It’s been a confusing and frustrating process from the day my money was taken. No one should have to go through this.”
Institute for Justice senior attorney Rob Frommer says civil and criminal forfeiture is a big money maker for federal law enforcement.
“Thousands of times every year, people receive paltry notices that merely say the government wants to forfeit their property because it might be wrapped up in one of hundreds of federal crimes.
Linda’s plight highlights the ugly truth that federal forfeiture incentivizes agents to seize as much as they can, even absent any reason to think that a crime was committed. The FBI’s ‘policing for profit’ deliberately leaves property owners in the dark in order to keep them from fighting back.”
According to the Institute, a federal judge has stated that a separate client involved in the same safety deposit seizure operation received an “anemic” forfeiture notice, and the FBI violated due process and the Fifth Amendment.
Source: The Daily Hodl
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Courtesy of Dinar Guru
Mnt Goat If the CBI was successful in regulating the use of the dollar in Iraq and now the conversion solely to Iraqi dinars as their national currency, then the redenomination to the lower denominations this could go quickly. Of course, there is lots going on here and there will probably be some hiccups as they may expose more corruption in the banks or black marketeers as usual. Anything can happen but there is no turning back now on the process.
Militia Man Article: "IRAQ DINAR: With the document.. the budget law reaches the Presidency of the Republic for approval" The completion phase is effectively done and now the implementation and distribution phase is to be upon us! I hope everyone realizes we have never been here before with a budget like this. All of those that have been in this investment should know the implications of this are huge. An investment oriented 3 year budget sets this stage for the likes of J.P. Morgan to facilitate foreign trade. We dinar holders are a part of this.
This is good most watch
Nader: 6-18-2023
Any buddy know this guy??
The Banking System Will Collapse , Gold & Silver Will Crash? | Andy Schectman Gold & Silver Analysis
Intelligent investors: 6-18-2023
News, Rumors and Opinions Friday AM 6-16-2023
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 Fri. 16 June 2023
Compiled Fri. 16 June 12:01 am EST by Judy Byington,
Global Currency Revaluation:
Around 9 am EST Thurs. 15 June the rescue of Financial Instruments began.
The launch of the global fund took place in all parts of the world, marking the start of the global asset redemption program registered with Redemption.
This is great news for all recipients. Tens of thousands of transactions around the world can start paying out.
T1 to start by 14.06 hours.
T2 to start after the start of T1 (Approx. 19.06-23)
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 Fri. 16 June 2023
Compiled Fri. 16 June 12:01 am EST by Judy Byington,
Global Currency Revaluation:
Around 9 am EST Thurs. 15 June the rescue of Financial Instruments began.
The launch of the global fund took place in all parts of the world, marking the start of the global asset redemption program registered with Redemption.
This is great news for all recipients. Tens of thousands of transactions around the world can start paying out.
T1 to start by 14.06 hours.
T2 to start after the start of T1 (Approx. 19.06-23)
The 100 highest priority files will start at about the same time as T1.
Mega files are included in these 100 priority files.
If they respect what they said, there will be money in Zurich Thurs. afternoon 15 June.
Sheila put out word that nothing would happen on Fri. 15 June, but Tier 4b would go on Mon. 19 June. On that same Mon. 19 June, the US will observe the federal holiday Juneteenth to commemorate the end of slavery,
Thurs. 15 June MarkZ: My bankers at redemption centers believe they will be working this weekend. Bond folks still have not gotten paid yet. They are on an hour to hour watch.
The US, Canada, Europe, Japan, Israel, UK, Taiwan, Australia and New Zealand were teetering on the brink of in-solvency.
On Thurs. 1 June at 8:00 EST the Quantum Financial System’s Fed ISO 20022 activated – a universal language for global financial networks to communicate with each other. The 209 major countries now had their new gold/asset-backed currencies live on the Quantum Financial System.
The first part of July the new Quantum Financial System will be completely interfaced in computers around the World that would be coordinating currency transactions through the International Payment System ISO 20022.
In Mid August Jim Rickards said BRICS is releasing their new commodity backed International currency. This is the death of the Petrodollar.
Read full post here: https://dinarchronicles.com/2023/06/16/restored-republic-via-a-gcr-update-as-of-june-16-2023/
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Courtesy of Dinar Guru
Militia Man Investors do not want to come into Iraq at an official rate of 1310, to not have the freedom of capital movement. They [GOI an CBI] have been able to create that environment so when they have the process to change the exchange rate it's ready to go in a moment's notice...They don't say what day/what moment but they do tell us they have a specified time frame and that time is of the essences...
Walkingstick [via Frank26] Everything we are seeing in the budget being shown to the citizens of Iraq...is an impossibility without a new exchange rate to match the reforms. 1300 was simply to carry it over into a new budget.
Dinar RV Breaking News-Qatar Invested 5 Billion Dollars in Iraq Foreign Investment Boosting Economy
Intelli-nvest: 6-15-2023
"The Qatar News Agency quoted the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, today, Thursday (June 15, 2023), as saying that his country intends to invest five billion dollars in a number of sectors in Iraq in the coming years.
The Qatari emir arrived in Baghdad on an official visit, during which memorandums of understanding were signed to enhance cooperation in energy and investment projects. In addition, a number of agreements have been concluded with the Qatari private sector in the fields of energy, electricity, and hotel and hospital management.
The statement said that the talks also included discussing initiatives to strengthen economic relations in the region, including supporting the development of the interconnection of the electricity network in the Gulf and linking it to the southern Iraqi network." (Source: https://www.shafaq.com/)
00:00 Introduction
00:30 Disclaimer & Giveaway
01:20 Main Article
Dave Kranzler: Why Gold & Silver Are Going To Be Just Fine
Arcadia Economics: 6-15-2023
While Jerome Powell and the governors at the Federal Reserve assert that the economy is strong and well, the signs that this isn't the case continue to emerge in the economic data.
And in today's episode of the show, Dave Kranzler looks at the evidence supporting what Wall Street seems reluctant to mention. He goes through some of the latest economic data that contrasts the message being given by the Fed, and explains why investors would be well served to be aware that the economic conditions are not quite as good as we're being told.
Which is the primary reason why despite the Fed's series of interest rate hikes, he feels that it's almost a guarantee that more money printing is on the way. Dave looks at the way the stock market and the precious metals stocks have responded in the time since the Fed began its quantitative easing policies, and what we might be able to expect going forward.
And he also explains some of the constraints facing the Federal Government that are going to force these conditions to manifest. So to find out why gold and silver are going to be just fine going forward, click to watch this video now!
"Silver News" From Bix Weir and Andy Schectman 6-13-2023
ALERT! Physical Silver Disappearing from Warehouses as Mines Shut Down! END GAME is NOW!!
(Bix Weir) 6-13-2023
Physical silver is being emptied out of every warehouse around the world. The 2nd largest Silver mine just went offline in Mexico.
Demand for solar power & electric cars has NEVER been stronger.
The fed is running the printing press at TOP SPEED!
Do you really need more data to conclude that Silver priced at 1/2 of it's 1980 high is MASSIVELY UNDERVALUED?!
ALERT! Physical Silver Disappearing from Warehouses as Mines Shut Down! END GAME is NOW!!
(Bix Weir) 6-13-2023
Physical silver is being emptied out of every warehouse around the world. The 2nd largest Silver mine just went offline in Mexico.
Demand for solar power & electric cars has NEVER been stronger.
The fed is running the printing press at TOP SPEED!
Do you really need more data to conclude that Silver priced at 1/2 of it's 1980 high is MASSIVELY UNDERVALUED?!
Silver WARNING : What Is About To Happen To Silver as COMEX Stockpiles Plummet! - Andy Schectman
The Financial Brief: 6-13-2023
In today's critical discussion, Andy Schectman of Miles Franklin unveils the startling trend in the silver market: plummeting COMEX stockpiles.
As the US debt ceiling crisis seemingly reaches a resolution, a less talked about, but equally significant crisis emerges in the silver market.
The COMEX silver stockpile, once robust with 150 million ounces in 2021, has dropped shockingly to below 28 million ounces.
At the same time, the US deficit continues to balloon, with no clear solution in sight. Could these two phenomena be connected? And if so, what's next for silver?
The Rise And Fall Of The Gold Standard
The Rise And Fall Of The Gold Standard
by THE INVESTOR on June 8, 2023
This guest post on the ramifications of the demise of the gold standard is by Rob Dix. A long-time Monevator reader, Rob is co-host of the popular Property Podcast and co-founder of Property Hub. Rob is also the author of the Penguin bestseller The Price of Money.
You may have been taught as a child the golden rule, ‘Do unto others as you’d have them do unto you.’ A more cynical golden rule was made famous in the movie Aladdin: ‘Whoever has the gold makes the rules.’ But a more accurate (if less pithy) formulation might be, ‘Whoever has the power makes the rules about the gold.’
The Rise And Fall Of The Gold Standard
by THE INVESTOR on June 8, 2023
This guest post on the ramifications of the demise of the gold standard is by Rob Dix. A long-time Monevator reader, Rob is co-host of the popular Property Podcast and co-founder of Property Hub. Rob is also the author of the Penguin bestseller The Price of Money.
You may have been taught as a child the golden rule, ‘Do unto others as you’d have them do unto you.’ A more cynical golden rule was made famous in the movie Aladdin: ‘Whoever has the gold makes the rules.’ But a more accurate (if less pithy) formulation might be, ‘Whoever has the power makes the rules about the gold.’
The amount of money in the economy has been increasing dramatically over the last 50 years, and the pace is only getting faster.
How is that even possible? Well, for most of history, it wasn’t. It was only in the latter part of the twentieth century that the brakes came off and the creation of money became so unrestrained.
So what exactly changed towards the end of the twentieth century? To understand that we’ll start with a quick romp through the history of money up to that point.
The Earliest Money
People exchanged goods with each other long before the development of physical money. ‘Tally sticks’ were used at least 30,000 years ago to keep track of who owed what to whom. Eventually, these were replaced by clay tokens. But both seem to have been used simply as claims of ownership: the tokens themselves weren’t traded between people.
The first physical currency appears to have been the Mesopotamian shekel, dating back somewhere around 7,000 years. Metal coins are more recent still – seemingly originating independently in China around 1000 BC, and ancient Greece around 650 BC.
Eventually, these small pieces of metal would become the dominant way of organising an economy.
The UK is a good case study – and not just because it’s where I live! Records go back a long way, and Britain was a major global power during a period when critical innovations in the history of money were taking place.
We’ll link back up with other currencies later, when we reach the twentieth century.
Coining it
Coins started being used in England as early as the second century BC. But it wasn’t until the eighth century AD that their use became widespread and the coins themselves more standardised.
These later coins were made of silver, and the name ‘pound sterling’ derives from a pound weight of sterling silver. This was important, because the value of the coin was in the metal itself. Whether it was melted down or moulded into a convenient disc, it should be worth exactly the same.
A pound of silver was divided into 240 pennies. There were 12 pennies in a shilling and 20 shillings to a pound (12 x 20 = 240). Each penny was further subdivided into four farthings. We organised our coinage this way for about 1,300 years – until in 1971 someone finally came up with a less mentally-taxing structure. (“The British resisted decimalised currency for a long time,” as Neil Gaiman put it, “because they thought it was ‘too complicated’.”)
All those centuries ago, everything operated on a far more local basis – primarily owing to the time it took to convey messages across long distances. In the case of money, each town would produce its own coinage. There wasn’t one ‘Royal Mint’ as there is today.
The problem with this? It created ample opportunity for any individual ‘moneyer’ (the name for the trade that produced coins) to cheat the system by mixing in much cheaper tin with the silver that should have been used.
In other words, the unwary trader might think they were being given a valuable pound of sterling silver, but find they had nothing of the sort if they ever decided to melt it down.
Moneyers would come to regret giving in to this temptation. When Henry I became king in 1100 and discovered what was going on, he arranged for all the moneyers to be castrated and have their right hand cut off.
Royal flush
Seven Henrys and nearly 400 years later we find Henry VIII on the throne – coming to power in 1509.
Henry VIII wanted more centralised control of the currency. So he shut down all the local mints and decreed that the Royal Mint in London could be the only entity to create new coins.
This removed the opportunity for moneyers to meddle with the silver content of coins. But it introduced the opportunity for monarchs to do exactly the same thing centrally – without the risk of castration.
The effect was what you might expect from giving control to someone with a desire to accumulate as many goods as possible and no fear of retribution. About 30 years after the creation of the Royal Mint, the silver content of coins fell from over 90 per cent to just over one-third. The pound coin, originally named for its weight in silver, now very much wasn’t.
To continue reading, please go to the original article here:
https://monevator.com/the-rise-and-fall-of-the-gold-standard/
Mike Maloney and Lynette Zang Q&A Thursday 6-1-2023
"Where I See the PRICE of Gold Going Depends On THIS...."
Mike Maloney: 6-1-2023
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
Mike sits down with Julia La Roche for a timely discussion about the big fiat currency problem.
In short, there has never been a time in world history where ALL currencies have been fiat currencies, like we see today.
History shows us that once a currency becomes fiat, it’s just a matter of time before it becomes worthless.
What is the future of the dollar if that happens? What would a global monetary shift look like? And what will that mean for the price of gold?
Mike’s answer might surprise you. Check out Mike’s conversation with Julia for the full story.
"Where I See the PRICE of Gold Going Depends On THIS...."
Mike Maloney: 6-1-2023
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
Mike sits down with Julia La Roche for a timely discussion about the big fiat currency problem.
In short, there has never been a time in world history where ALL currencies have been fiat currencies, like we see today.
History shows us that once a currency becomes fiat, it’s just a matter of time before it becomes worthless.
What is the future of the dollar if that happens? What would a global monetary shift look like? And what will that mean for the price of gold?
Mike’s answer might surprise you. Check out Mike’s conversation with Julia for the full story.
Gold, T-Bills, Fraud and Bartering
Lynette Zang and Eric Griffen : 5-31-2023
CHAPTERS:
0:52 Question 1 Graded coins come in sealed plastic containers and the containers must be destroyed to actually touch the coin. I see these containers as a third party risk for a fake coin. The Chinese are copying everything these days. Isn't there an advantage to having a coin you can touch? I can touch my bullion. And when I bought it, I tested it for purity using resonance frequencies. Using the Android app bullion test.
4:40 Question 2 With the LIBOR scheduled to end by June 30th, 2023, will there be an impact on existing home mortgages? There is very likely to be an impact because the valuation of the SOFR, the interest rate on the SOFA is different than the interest rate on the LIBOR. 5:40 Question 3 How will de-dollarization affect other countries?
7:50 Question 4 I have been considering the possibility of purchasing T-bills maturing in a few months to one year as an alternative if the US defaults. Do these T-bills go with it?
13:20 Question 5 how do you safely barter with either silver or the gold collectibles without being vulnerable to theft or possible injury to your family?
Ignore Digital Dollars "Hot Air" and Watch For Gold $3000 and Silver $50
Ignore Digital Dollar’s 'Hot Air' and Watch for Gold $3,000, Silver $50
Stansberry Research: 5-31-2023
“Silver is gold on steroids. After gold gets going, people start to look at the next big thing, silver takes off,” says John Doody, editor of Gold Stock Analyst. He talks about the factors contributing to the bullish outlook for gold and silver, including unresolved debt issues and the Federal Reserve's aggressive interest-rate hikes.
He also discusses the deep-rooted cause for the recent banking crisis. "It's 2008 all over again. The banks are loaded up with bonds, [and] the value is way under what they paid for,” argues Doody.
He explains that the Fed’s rate-hike policy has diminished the value of bonds, leading to the death of Silicon Valley Bank since it had to sell bonds in losses to return money back to depositors. “The whole problem is really a problem for all banks,” he says.
He believes that all banks are underwater in terms of bond holdings. Additionally, he contends that a cashless society is less likely because “people need cash to do transactions.”
Ignore Digital Dollar’s 'Hot Air' and Watch for Gold $3,000, Silver $50
Stansberry Research: 5-31-2023
“Silver is gold on steroids. After gold gets going, people start to look at the next big thing, silver takes off,” says John Doody, editor of Gold Stock Analyst. He talks about the factors contributing to the bullish outlook for gold and silver, including unresolved debt issues and the Federal Reserve's aggressive interest-rate hikes.
He also discusses the deep-rooted cause for the recent banking crisis. "It's 2008 all over again. The banks are loaded up with bonds, [and] the value is way under what they paid for,” argues Doody.
He explains that the Fed’s rate-hike policy has diminished the value of bonds, leading to the death of Silicon Valley Bank since it had to sell bonds in losses to return money back to depositors. “The whole problem is really a problem for all banks,” he says.
He believes that all banks are underwater in terms of bond holdings. Additionally, he contends that a cashless society is less likely because “people need cash to do transactions.”
Chapter stamps:
00:00 John’s take on the gold price
3:34 What’s so significant about gold behaving this way now?
6:08 Fed and gold
7:19 Mining stocks
7:38 Top 10 lists
9:27 New presidential candidates support bitcoin
11:45 CBDCs 13:09 De-dollarization
14:04 U.S. dollar
15:00 Europe and Germany recession
15:40 Turkey sold off gold
16:33 Silver
Will Texas Pave the Way for Gold Backed Currency? Lynette Zang
Will Texas Pave The Way For Gold Backed Currency? -Lynette Zang
5-30-2023
So what's happening here in the US? Texas House Committee passes a bill to create gold and silver back digital currencies. But I like this, actually.
But on May 2nd, a Texas House committee passed a bill that would create a 100% reserve gold and silver backed transactional currencies.
This legislation, if enacted, would provide an option for individuals to conduct business in sound money gold and could create a viable alternative to a central bank digital currency.
Will Texas Pave The Way For Gold Backed Currency? -Lynette Zang
5-30-2023
So what's happening here in the US? Texas House Committee passes a bill to create gold and silver back digital currencies. But I like this, actually.
But on May 2nd, a Texas House committee passed a bill that would create a 100% reserve gold and silver backed transactional currencies.
This legislation, if enacted, would provide an option for individuals to conduct business in sound money gold and could create a viable alternative to a central bank digital currency.
More News, Rumors and Opinions Tuesday Afternoon 5-30-2023
KTFA:
Clare: The Central Bank announces the purchase of gold of approximately 2.3 tons and maintains its rank globally
5/30/2023
The Central Bank of Iraq announced the purchase of new quantities of gold of approximately 2.3 tons, which resulted in an increase in its holdings of this metal by 1.79%, bringing its total to (132.74) tons, maintaining its sequence in rank (30) in the order of gold holdings. to the countries of the world.
The Investments Department of the Central Bank of Iraq stated that the purchase came with the aim of increasing its holdings of gold in light of the economic and political conditions that the world is witnessing.
KTFA:
Clare: The Central Bank announces the purchase of gold of approximately 2.3 tons and maintains its rank globally
5/30/2023
The Central Bank of Iraq announced the purchase of new quantities of gold of approximately 2.3 tons, which resulted in an increase in its holdings of this metal by 1.79%, bringing its total to (132.74) tons, maintaining its sequence in rank (30) in the order of gold holdings. to the countries of the world.
The Investments Department of the Central Bank of Iraq stated that the purchase came with the aim of increasing its holdings of gold in light of the economic and political conditions that the world is witnessing.
It is noteworthy that gold is one of the most important components of the reserves held by banks and international financial institutions, as these banks and institutions constantly increase their reserves of this metal, because of this measure’s positive impact on the financial solvency of these institutions and the creditworthiness of their countries.
The Central Bank of Iraq,
Media Office,
May 30, 2023
Clare: Governor of the Central Bank of Jordan: Iraq's electronic transformation initiative is "promising
5/30/2023 Baghdad
On Tuesday, the Governor of the Central Bank of Jordan, Adel Sharkas, described Iraq's electronic transformation initiative as "promising."
Sharkas referred to "the importance of trade between Iraq and Jordan," expressing "his ambition to increase the export of products to Iraq, as they are of high quality."
He added, "Iraq is moving towards electronic payment, and Jordan has a successful experience in this field, and efforts will be harnessed to support Iraq in order to benefit from the experience in all fields," stressing "the readiness of the Central Bank of Jordan to cooperate in cybersecurity and everything that the Central Bank of Iraq needs."
He pointed out that "Iraq's electronic transformation initiative is promising, in addition to the interest in leadership, which is the focus of the success of any economy." LINK
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Courtesy of Dinar Guru
RayRen98 [via Babysmom] BANK SOURCE CONTACTED [RAY]... THEY ARE SUPER EXCITED ABOUT THIS WEEK, LOOKING FOR LARGE CROWDS TO APPEAR..
Frank26 You know what we're waiting for. I call it the second article from the CBI. Basically it's the announcement to the Iraqi citizens, 'Here is your new national currency. Here are your coins. Here is your new exchange rate.' All these things are going to come about IMO very strongly.
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30 Billion Exits US Banking System as Deposit Flight Grows
Monday, 29 May 2023, 21:0
$30,000,000,000 Exits US Banking System in One Week As Deposit Flight Grows
New numbers from the Federal Reserve show the amount of money people are pulling out of their bank accounts is once again on the rise.
According to stats compiled by the Federal Reserve Economic Data (FRED) system, depositors yanked $30 billion out of American bank accounts from May 10th through May 17th.
That represents an increase of more than $4 billion over the previous week.
The US banking system now has a total of $17.15 trillion in deposits, compared to $18.03 trillion one year ago.
The deposit flight follows the failures of three large regional banks – Signature Bank, Silicon Valley Bank and First Republic.
The Los-Angeles based PacWest, which has been in the spotlight as the latest bank trying to keep afloat, is selling $2.6 billion in real estate construction loans in a bid to improve its balance sheet.
Read full post here: https://dailyhodl.com/2023/05/27/30000000000-exits-us-banking-system-in-one-week-as-deposit-flight-grows/
PREPARE FOR A WORST CASE SCENARIO, BECAUSE THERE IS NO WAY OUT OF IT NOW.
Greg Mannarino: 5-30-2023
Andy Schectman: Gold Rallies Following Tentative Debt Ceiling Agreement
Arcadia Economiccs: 5-30-2023
The gold price is rallying Tuesday morning, following the tentative agreement to the debt ceiling situation, which calls for a suspension of the debt limit until January 1 of 2025.
While the bill still needs to be passed in Congress, the agreement moves the situation one step closer towards avoiding a default on the US treasury debt.
Yet seemingly does little to change the long-term dynamics that include a skyrocketing national debt, and ballooning interest payments on said debt.
With the markets closed on Monday for Memorial day in the US, we're seeing a rally in the gold price (although a flat trading environment in #silver). And Andy Schectman of Miles Franklin checks in to share his thoughts on how the markets are viewing the potential deal, and where that leaves gold and silver going forward.
He talks about how investors are responding to the situation, and also the trend by many states in the US to introduce gold and silver initiatives.
Which even includes Texas moving legislation forward that would create a gold and silver backed digital currency.
So to find out more abut the latest news in the gold and silver markets, click to watch this video now!
News, Rumors and Opinions Saturday Morning 5-20-2023
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 Sat. 20 May 2023
Compiled Sat. 20 May 12:01 am EST by Judy Byington
Prepare For Emergency Broadcast System World-wide Activation
The EBS will involve Two to Ten Days of Communication Darkness Worldwide where Phones, Internet, Credit/Debit Cards and ATMs will not work, while three eight-hour documentaries a day will be broadcast on TV and Radio 24/7 across the Globe.
It’s only wise to have at least a month’s supply of food, water, cash and essential items on hand.
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 Sat. 20 May 2023
Compiled Sat. 20 May 12:01 am EST by Judy Byington
Prepare For Emergency Broadcast System World-wide Activation
The EBS will involve Two to Ten Days of Communication Darkness Worldwide where Phones, Internet, Credit/Debit Cards and ATMs will not work, while three eight-hour documentaries a day will be broadcast on TV and Radio 24/7 across the Globe.
It’s only wise to have at least a month’s supply of food, water, cash and essential items on hand.
Emergency Broadcast System Activation: (Rumors)
Seven EBS text messages will appear on all cell phones worldwide, asking people to turn on their TVs, Radios or Computers.
Banks, ATMs and the Internet will close down. Phones will only work for 911 emergency calls.
All bank accounts already have been mirrored onto the new Quantum Financial System. You and only you will have access to your personal bank account through use of your Q Phone that requires your DNA as a password.
It is advised to save your pictures and documents on drives outside the system and to stock up on food, water and essential items for at least three weeks.
It will take a while for everything to come back up to full speed again while financial slavery ends and peoples of the Earth transition into a system filled with peace and prosperity. The old systems of government, education, finance, healthcare, trade and commerce etc., will be dismantled and replaced.
Global Currency Reset Timeline: (JFK Jr. on Telegram)
Wed. 29 March the Iraqi Dinar revalued in-country and began trading as a gold/asset-backed currency.
On Mon. 8 May both China and Zimbabwe ushered in the Global Currency Reset by announcing their gold/asset-backed currencies.
Wed. 10 May: The Zimbabwe Gold Coin went International.
On Tues. 16 May afternoon around 5 pm EST the US Treasury released the Global Currency Reset codes to Wells Fargo.
Sat. 20 May was the Back Wall for the Global Currency Reset Tier 4 notification. …JFK Jr. Telegram.
On Sat. 20 May the new Iraqi Dinar rate will be exposed through announcement of the Iraqi budget. …Bruce
Sun. 21 May Iraq would announce their new Dinar Rate and activate their ATM machines.
Sun 21, Mon 22, or Tues. 23 May Tier4b would receive notification to set redemption appointments. …Bruce
Thurs. 1 June the US USA would run out of cash according to Janet Yellen, Secretary of the Treasury.
Yellen also said that all chaos would ensue including a Stock Market crash – that likely would never recover according to the White Hats.
Thurs. 16 June was the Back Wall for GESARA to be announced and implemented, with full collapse of IRS and all tax orgs.
Sun. 18 June was a Back Wall for EBS Disclosure implementation.
Read full post here : https://dinarchronicles.com/2023/05/20/restored-republic-via-a-gcr-update-as-of-may-20-2023/
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Courtesy of Dinar Guru
Frank26 I've told you a billion times, the exchange rate waits for nobody, for nothing. The budget waits for the exchange rate... The budget is ready to come out, now you're telling the Iraqi citizens you can't use your cards, the American dollar? We certainly can't use the worthless 3-zero notes either...you tell us that the budget is coming out, you tell us we're going to get our money from the HCL, you're telling us that there's going to be a new exchange rate for lower notes that you're going to be give us...well give me! ...this is perfect timing.
Pimpy I like the fact that Iraq is pushing more and more for the citizens to solely use the Iraqi dinar...That will allow the Iraqi dinar to strengthen and you're going to start seeing little by little increases in the value of the Iraqi dinar. It's going to be in increments. As much as I would love, just like everybody else, to see this huge change in the dinar value overnight, that's not going to happen. Everything is being done at a very deliberate pace. I'm excited about it. There are some great things happening in Iraq....
Debt Limit Talks "FALL APART." Get Ready For UPSIDE SURPRISE With Inflation.
Greg Mannarino: 5-19-2023
PREPARE for Profound Changes in SILVER & GOLD
Ron’s Basement: 5-29-2023
Delve into the fascinating global shift towards a gold-backed currency.
As countries such as Russia, China, Brazil, India, Saudi Arabia, and several others unite, they are spearheading the creation of a groundbreaking currency backed by gold, poised to dethrone the dominant United States dollar.
Join us as we explore the implications, potential benefits, and potential challenges of this momentous transition that could reshape the world's financial landscape.
Stay tuned for an in-depth analysis of the key players, the historical context, and the potential impact on global economics.
Don't miss out on this important discussion as we navigate the future of currency!