Will It Really Be Gold-Backed? | Dr. Edwin Vieira Part 1 and 2
Will It Really Be Gold-Backed? | Dr. Edwin Vieira
Liberty and Finance: 7-20-2023
How might a BRICS gold-backed currency work? Dr. Edwin Vieira discusses how a gold-backed currency can be enforced and how the BRICS currency may have issues
. In following segments, Dr. Vieira will discuss the future of the U.S. dollar amid this new reserve currency.
INTERVIEW TIMELINE:
0:00 Intro
2:00 Gold BRICS Currency
Will It Really Be Gold-Backed? | Dr. Edwin Vieira
Liberty and Finance: 7-20-2023
How might a BRICS gold-backed currency work? Dr. Edwin Vieira discusses how a gold-backed currency can be enforced and how the BRICS currency may have issues
. In following segments, Dr. Vieira will discuss the future of the U.S. dollar amid this new reserve currency.
INTERVIEW TIMELINE:
0:00 Intro
2:00 Gold BRICS Currency
A Currency War Between US & BRICS | Dr. Vieira (Part 2)
Liberty and Finance: 7-23-2023
Dr. Vieira discusses how a honest gold-backed currency system could work. The BRICS nations looking to develop a new reserve currency which they claim it will be gold-backed. He says the US may fight back against the BRICS.
INTERVIEW TIMELINE:
0:00 Intro
1:45 Gold-backed currency
29:00 US retaliation
More News, Rumors and Opinions Thursday PM 7-20-2023
KTFA:
Get1Later: All the articles today from Allaq telling :
The Iraqi Trade Bank to provide all services quickly and accurately to their customers
A N D Informing the rest of the Banks to do business in DINARS ONLY (multiple articles) .....
Sounds to me that Allaq's ready to "Flip the Switch" ..... ASAP !!......Just my opinion !!
Margarita: Fednow just launched today as well....it is a system that makes payments much easier....
July 20 (Reuters) - The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.
KTFA:
Get1Later: All the articles today from Allaq telling :The Iraqi Trade Bank to provide all services quickly and accurately to their customers A N D Informing the rest of the Banks to do business in DINARS ONLY (multiple articles) .....Sounds to me that Allaq's ready to "Flip the Switch" ..... ASAP !!......Just my opinion !!
Margarita: Fednow just launched today as well....it is a system that makes payments much easier....
July 20 (Reuters) - The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.
Clare: Fed launches long-awaited instant payments service, modernizing system
By Hannah Lang July 20, 2023
July 20 (Reuters) - The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.
FedNow is launching with 41 banks and 15 service providers certified to use the service, including community banks and large lenders like JPMorgan Chase (JPM.N), Bank of New York Mellon (BK.N), and US Bancorp (USB.N), but the Fed plans to onboard more banks and credit unions this year.
The Fed said on Thursday in a statement that 35 banks and credit unions were currently utilizing the service, as well as the Treasury Department's Bureau of Fiscal Service.
The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. But many have since agreed to participate on the basis FedNow will allow them to expand the services they can offer clients.
"For us, FedNow really is a wonderful way of expanding reach," said Anu Somani, head of global payables and embedded payments at U.S. Bank.
Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts.
The Fed also operates a real-time payments system called FedWire, but that's reserved for large-scale, mostly corporate payments and is only operational during business hours. While the new FedNow system is for everyone, it's likely to benefit consumers and small businesses the most, analysts have said.
"We want our clients to benefit from these capabilities, and we want that to be a competitive edge for us,” said Carl Slabicki, global co-head of payments for BNY Mellon’s Treasury Services.
Smaller banks, which often connect to FedWire via larger lenders, encouraged the Fed to develop FedNow, arguing that it would allow them access to real-time payments without having to pay larger competitors for the service.
“Having the Fed in the space makes our members feel more comfortable that their needs will be met, that they will be treated fairly for pricing,” said Lance Noggle, senior vice president of operations and senior regulatory counsel at the Independent Community Bankers of America, a trade group.
FedNow will not charge consumers, although it's unclear whether or how participating banks will pass on any costs associated with the service.
Democratic Senator Chris Van Hollen, who had urged the Fed to develop a real-time payments system, said in a statement the launch of FedNow is "good news for American consumers and our economy."
"The launch of FedNow will help connect Americans with their money – when they need it, immediately, in real-time – and will save consumers billions of dollars annually," he said.
Some market participants have raised concerns that FedNow could super-charge a potential bank run by facilitating fast outflows from financial institutions, a fear that was amplified after the failure of Silicon Valley Bank earlier this year.
But Fed officials have downplayed those concerns, arguing that banks have tools available to mitigate a wave of outflows.
At the outset, FedNow will have a maximum payment limit of $500,000, but banks can choose to lower that cap if need be.
Reporting by Hannah Lang in Washington; Editing by Michelle Price and Andrea Ricci LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friends says the key to everything that we're looking for is within the oil and gas because we all know here in Iraq that when they present to us the oil and gas law it will be with a new rate because how are you gonna decide to divide up what everybody gets if you don't know what the rate is? FRANK: The key to everything is in that HCL, that's in the budget, that is waiting for the new exchange rate...
Bruce [via WiserNow] Regarding windows when would it start? ...all the bankers, all the heads of banks have been contacted. This is to go and to let their people know, it's real and it's starting. And we're underway. ...So I'm excited about where we stand right now, you guys. I think this is the closest we've ever been to having it actually manifest. And I'm excited about that.
Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign | Peter Schiff & David Hay
7-19-2023
ALERT! JP Morgan's $60 Trillion "Weapon of Mass Financial Destruction" is PRIMED & READY!
(Bix Weir) 7-20-2023
There's talk of a "New Monetary System" using gold because all the central banks, commercial banks and most countries have MASSIVE AMOUNTS OF GOLD. It makes sense that a return to a gold standard should be one of the alternatives.
But what about Silver? Silver has been used as money for much longer than gold but there is ZERO talk of using Silver in the new monetary SYSTEM...WHY? That's simple... because those who want to continue to control our lives DON'T HAVE ANY SILVER!
What should "We the People" choose for our new monetary system? It seems obvious that Gold will help maintain the status quo but Silver would destroy the Current Monetary Masters! If we get to vote on it After the Crash...I choose SILVER!!
Mike Mahoney, Robert Kiyosaki and Andy Schectman 7-19-2023
S-Curve Rejection of US Dollar Is Here NOW
Mike Mahoney: 7-19-2023
Over the last two months we have seen an unprecedented acceleration of what Mike Maloney refers to as ‘The Death of the Global US dollar Standard’.
With over 41 nations around the world now looking to join BRICS and seeking alternatives to the U.S. dollar, the pace of change is faster than ever.
We could very well be witnessing the early stages of a new monetary shift that will impact everyone on the planet.
Have you ever wondered what this means for the United States? Or how these shifts could impact your financial future?
S-Curve Rejection of US Dollar Is Here NOW
Mike Mahoney: 7-19-2023
Over the last two months we have seen an unprecedented acceleration of what Mike Maloney refers to as ‘The Death of the Global US dollar Standard’.
With over 41 nations around the world now looking to join BRICS and seeking alternatives to the U.S. dollar, the pace of change is faster than ever.
We could very well be witnessing the early stages of a new monetary shift that will impact everyone on the planet.
Have you ever wondered what this means for the United States? Or how these shifts could impact your financial future?
Join Mike in his latest video as he delves into the latest news and data, exploring the implications of these massive global changes and how you can navigate them. He describes a fascinating picture of where the U.S. might be headed in the coming years...
Gold-backed Currency Launching Aug. 22nd - Robert Kiyosaki, Andy Schectman
Robert Kiyosaki: 7-19-2023
In this highly informative podcast episode, Robert Kiyosaki and Andy Schectman provide a comprehensive analysis of the current economic landscape and shed light on its potential implications for the US dollar.
They delve deep into a range of crucial topics, leaving no stone unturned. One of the key issues they address is the ever-increasing debt burden faced by the United States. They highlight the alarming consequences of this mounting debt and its potential to destabilize the economy.
Additionally, they discuss the removal of the debt ceiling and the potential ramifications of this decision. Furthermore, Kiyosaki and Schectman draw attention to the upcoming announcement by the BRICS nations regarding a new gold-backed currency.
They explore the potential impact of this development on the global financial system and its implications for the US dollar's status as the world's reserve currency.
Golden Currency or Golden Propaganda? | Rick Rule
Golden Currency or Golden Propaganda? | Rick Rule
Liberty and Finance: 7-15-2023
The BRICS announcement of a gold-backed currency is "propaganda," says legendary investor Rick Rule.
He says the currency is likely to not be gold-backed, but if it is, will only be partially backed.
But the best days of the U.S. dollar are over, he says. "We're seeing the beginning of the end of U.S. hegemony."
Golden Currency or Golden Propaganda? | Rick Rule
Liberty and Finance: 7-15-2023
The BRICS announcement of a gold-backed currency is "propaganda," says legendary investor Rick Rule.
He says the currency is likely to not be gold-backed, but if it is, will only be partially backed.
But the best days of the U.S. dollar are over, he says. "We're seeing the beginning of the end of U.S. hegemony."
More News, Rumors and Opinions Tuesday PM 7-11-2023
KTFA:
Clare: A government delegation from the Kurdistan Region visits Baghdad to implement the provisions of the budget law
7/11/2023
A delegation from the Kurdistan Regional Government is scheduled to visit the capital, Baghdad, in the next few days, in order to proceed with the implementation of the provisions of the general financial budget law for Iraq.
Omid Sabah, head of the regional cabinet office, said that the relationship between the regional government and the federal government is at a good level.
KTFA:
Clare: A government delegation from the Kurdistan Region visits Baghdad to implement the provisions of the budget law
7/11/2023
A delegation from the Kurdistan Regional Government is scheduled to visit the capital, Baghdad, in the next few days, in order to proceed with the implementation of the provisions of the general financial budget law for Iraq.
Omid Sabah, head of the regional cabinet office, said that the relationship between the regional government and the federal government is at a good level.
Regarding the existence of constitutional observations related to the budget law, Sabah said in his statement to the "Kurdistan 24" satellite channel, which is close to the Kurdistan Regional Government, that the Prime Minister of the region, Masrour Barzani, and the Prime Minister of the Federal Council formed two high-level teams, each separately, to implement the articles of the budget law.
According to the Kurdish government official, the delegation of the Kurdistan Regional Government is scheduled to visit Baghdad at the end of this week or the beginning of next week to proceed, in a practical way, to implement the provisions and articles of the Federal Budget Law. LINK
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Clare: Parliament Finance Announces The Date Of Launching The Provincial Allocations From The Budget
7/11/2023
The Parliamentary Finance Committee announced today, Tuesday, the date for the start of the governorates’ allocations from the budget.
Committee member Mueen Al-Kadhimi told Earth News, “Through our follow-up with the Ministry of Finance, next Sunday, allocations to the governorates and ministries will be launched to implement the 2023 budget and send instructions for implementing the budget, its schedules, texts and agreed items.
And he added, “The House of Representatives will have a serious follow-up to implement this budget, starting with the presidency of the Council and the heads of committees, each according to its competence and according to the relevant ministry,”
Pointing out that “the Finance Committee is the first concerned with following up on the implementation of the budget, and it will also include the allocations of the Emergency Support Law, amounting to 25 trillion, which were allocated in 2022 and act in 2023 in order to ensure the proper implementation of the budget and its provisions, and to stand up to any cases of penetration or corruption. LINK
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Clare: The Governor of the Central Bank of Iraq presides over a meeting with bank departments in Erbil
July 10, 2023
Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired a meeting with bank departments located in the Kurdistan region of Iraq.
During the meeting, they discussed the affairs of the banking sector in the region and upgrading its work to keep pace with developments, enhance financial inclusion and spread the culture of electronic transactions.
What was presented by the Association of Iraqi Private Banks about the procedures related to the projects put forward by the Central Bank of Iraq during the past weeks, represented by the establishment of the Al-Riyadah Bank for Small Projects and the Loan Guarantee Company and the establishment of the Finance and Business Center, was also reviewed, praising the positive steps and progress made in them.
His Excellency had, on the sidelines of his visit to the region, visited the branch of the Central Bank in Erbil, and held a meeting with the General Manager of the branch, Mr. Kazem Namik Ahmed, and department officials, listening to the mechanism of the branch's work and the challenges facing its work.
His Excellency urged the branch's employees to work diligently, and to provide the best banking services to the residents of the geographical area that the branch supervises, directing the need to strengthen the supervisory and oversight position of the Central Bank over banks operating within its jurisdiction.
Central Bank of Iraq
Media Office
10 - July - 2023
Courtesy of Dinar Guru
Nader From The Mid East You see Iran try to switch and try to pay Iraq or...paid from Iraq with the Iraqi dinars. They know something is going on. They know they're gonna make money off it. They know something that's happening...If everyone decide tomorrow to get paid with the dinar instead of a dollar from Iraq, they're not stupid. They know they're gonna triple their money...Why would somebody get paid with an Iraqi dinar? Why? Not only Iran, Turkey...Qatar...many countries are going to do the same thing...that's how it is. Good news...
Walkingstick There is a meeting the CBI is doing right now. This meeting is very important. It is about the HCL...Iraqi Stock Exchange and the Erbil Stock Exchange. Basically it's the marriage between Kurdistan and Baghdad...The CBI is also now involved with another set of meetings...to start tomorrow [Today]. You'll be able to sense it if you see articles talking about the CBI meeting with IMF, AMF, WB...If I was in charge of that meeting...I would tell them...I want to disclose to you...the date of the launching of our new national currency...This is just my opinion...If there's any value to it you're going to be looking for an article from the CBI that has these three entities [in it].
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ALERT! Silver Riggers Panicking as the Control Mechanisms are Failing! BUY SILVER TODAY!
(Bix Weir) 7-11-2023
With the Announcement of a new BRICS Gold-Backed currency being introduced in August the Silver Price Riggers have been given a DEADLINE as to WHEN the Game Ends. Have you made your final purchases yet?!
BRICS Gold Backed Currency News - Saturday 7-8-2023
BRICS Gold Plan Confirmed by Russian Sources
SD Bullion: 7-8-2023
Today a Russian state-run media channel with one of its foreign embassies as the source, added to building speculation and reports that Brazil, Russia, India, China, and South Africa, also known as BRICS nations, will introduce a new trading currency linked to gold shortly.
Ongoing claims are that an announcement is expected to be made during the BRICS summit this coming August 22-24th in South Africa.
Yet this same week, the BRICS Bank Vice President and acting CFO Leslie Maasdorp, publicly stated on Bloomberg that the group doesn't have any immediate plans to create a common currency:
BRICS Gold Plan Confirmed by Russian Sources
SD Bullion: 7-8-2023
Today a Russian state-run media channel with one of its foreign embassies as the source, added to building speculation and reports that Brazil, Russia, India, China, and South Africa, also known as BRICS nations, will introduce a new trading currency linked to gold shortly.
Ongoing claims are that an announcement is expected to be made during the BRICS summit this coming August 22-24th in South Africa.
Yet this same week, the BRICS Bank Vice President and acting CFO Leslie Maasdorp, publicly stated on Bloomberg that the group doesn't have any immediate plans to create a common currency:
Eight months in a row now China has added official gold to its reserves, adding 21 tons in June 2023 bringing its official sum to now 2,113 metric tonnes.
Of course, China also holds a lot of unofficially not yet reported gold bullion reserves with its military and state-run banks and sovereign wealth funds.
Throughout this 21st Century and especially since the 2008 global financial crisis, physical gold bullion exports have increasingly gone east to major developing economies like India and China key leading nations in the BRICS.
As well, Russia, Turkey, and other nations BRICS aligned are major players in the modern physical gold world. So it makes sense that the BRICS may want a significant impartial settlement value unit to help develop and foster a more multipolar world order ahead.
Russia Confirms BRICS Gold Backed Currency (Coming This August)
Smart Silver Stacker: 7-8-2023
Kitco reported today that Russia has confirmed a gold backed BRICS currency will be launched in August.
Is this true? What effect will it have in the gold price?
Lets dive in...
Stefan Gleason: "Is the US Returning to a Gold Standard?"
Stefan Gleason: Is the US Returning to a Gold Standard?
Palisades Gold Radio: 7-7-2023
Tom welcomes Stefan Gleason, president of Money Metals Exchange back to the show. They discuss the legalities and intricacies of purchasing and owning precious metals, as well as the taxation issues surrounding them.
Stephen explains the importance of sound money and how it can be achieved through buying and storing gold and silver. He also highlights the legislative victories of the Sound Money Defense League, such as sales tax exemptions for precious metals in several states.
Stephen then goes on to explain the difficulty of getting sales tax exemptions passed due to anticipated loss of revenue. He also explains that five states do not have income tax on gold and silver, and that Arkansas and Arizona recently passed laws exempting precious metals from income tax.
Stefan Gleason: Is the US Returning to a Gold Standard?
Palisades Gold Radio: 7-7-2023
Tom welcomes Stefan Gleason, president of Money Metals Exchange back to the show. They discuss the legalities and intricacies of purchasing and owning precious metals, as well as the taxation issues surrounding them.
Stephen explains the importance of sound money and how it can be achieved through buying and storing gold and silver. He also highlights the legislative victories of the Sound Money Defense League, such as sales tax exemptions for precious metals in several states.
Stephen then goes on to explain the difficulty of getting sales tax exemptions passed due to anticipated loss of revenue. He also explains that five states do not have income tax on gold and silver, and that Arkansas and Arizona recently passed laws exempting precious metals from income tax.
Stephen then moves on to discuss Congressman Mooney's bill which requires an audit of the Federal Reserve's gold holdings and prohibits the Fed from doing research or development of a Central Bank Digital Currency.
Finally, he discusses the idea of spending gold and silver and making it legal tender, as well as the difficulties in making it a viable option.
Stephen acknowledges that people are mainly doing it out of ideological reasons, but suggests that it may gain more traction when it becomes the only payment method someone will accept. Time Stamp References:
0:00 - Introduction
0:50 - State Tax Reform
5:30 - Sales Tax Exemptions
12:23 - Partisan Politics
15:06 - Threshold States
22:43 - Sales & Use Taxes
25:16 - Taxation Reasons
29:45 - Dollar Re-Peg?
35:33 - Treasury Gold Audits
37:59 - Secrecy & Gold Holdings
39:40 - FedNow Purpose
44:47 - Digital Gold
49:47 - Concluding Thoughts
Talking Points From This Episode
- The legislative successes of the Sound Money Defense League, which has successfully passed sales tax exemptions on precious metals in several states this year.
- Stephen highlights the progress made this year in Kentucky, Maine, Vermont, Wisconsin, and New Jersey.
- Congressman Mooney's bill requiring an audit of the Federal Reserve's gold holdings could help constrain government spending and curb inflation, and his bill prohibiting the Fed from doing research or development of a CBDC.
More News, Rumors and Opinions Tuesday Evening 7-4-2023
KTFA
Paulette: IMO..... it looks like the weekend of 7/14-7/16 will be a Holiday weekend with the New Year on 7/18. Shabs said ".....after Eid, before the New Year....." Perhaps the next target since they missed 7/1....
DoTalkToMe: Does anyone recall what happened on January 23, 2023? The governor of Iraq's CBI was fired. The excuse we were given was that he was not moving fast enough.Seriously, that's what we were told. He must have been a fall guy for something else. That was a half a year ago. Surely he could not have been fired for acting to slowly. If that was the standard. Everyone in iraqs government has surpassed that standard. Without exception Kuwait was able to do it with pencils and crayons.
KTFA
Paulette: IMO..... it looks like the weekend of 7/14-7/16 will be a Holiday weekend with the New Year on 7/18. Shabs said ".....after Eid, before the New Year....." Perhaps the next target since they missed 7/1....
DoTalkToMe: Does anyone recall what happened on January 23, 2023? The governor of Iraq's CBI was fired. The excuse we were given was that he was not moving fast enough.Seriously, that's what we were told. He must have been a fall guy for something else. That was a half a year ago. Surely he could not have been fired for acting to slowly. If that was the standard. Everyone in iraqs government has surpassed that standard. Without exception Kuwait was able to do it with pencils and crayons.
DoTalkToMe Cont……Please tell me again how governments care about there people... For whatever reason that message is just not getting through. I think there is more afoot than were being told! I mean it in a negative context on a global scale. I am not referring to the dinky country of Iraq
Suzie: Just my own opinion, but it's hard to understand how we can go from all the hoopla of WTO, countries pouring in to do business, contracts being signed, budget done and agreed on, AND signed by the President, entered into the Gazette as law, and I'm leaving out other things I'm sure, and fairly well assured after EID monetary change would come QUICKLY, and now they have "issues" of articles in the budget they, or someone, doesn't like and here we go again! I know I don't have any answers but one thing's for sure to me is this just all sounds "fishy" to me how this is going, well, again just MY opinion and all I know is here come the "excuses" of "why"....... HAPPY 4th all!!
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Clare: Al-Nusairi: Iraq's accession to the World Trade Organization contributes to the development of the financial and banking system
7/04/2023 Baghdad
Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, confirmed during his participation in the workshop on the strategy of joining the World Trade Organization, which was set up by the Association in partnership and cooperation with the Ministry of Trade and trade unions, federations and private sector organizations.
Al-Nusairi said that one of the most important returns and benefits achieved by the financial and banking system in Iraq from Iraq's accession as a full member of the World Trade Organization is regularity in the global financial system in accordance with the criteria for liberalizing financial services, entering the circle of financial globalization and exchanging experiences with member states in the field of electronic technologies. Modern banking, financing and development of micro, small and medium enterprises.
Al-Nusairi referred to the new transitional phase for the banking sector, in accordance with the government's approach. In particular, paragraph 7 of Article 12, which emphasizes the empowerment, development and reform of banks in order to contribute to investment and development in accordance with the plans and adoptions of the Central Bank,
Which it works to include in its next strategy, which adopts a national strategy for lending, the establishment of a Riyada Bank for social development, support for young entrepreneurs and low-income segments, the establishment of a financial and business center and the establishment of Loan guarantee company, control of the safety of foreign trade, access to foreign transfers in foreign currency to the real beneficiary, and compliance with the standards of the global financial system. LINK
Eaburns: Clare Clare Clare Have i missed something here, did they just say they are a full member of the WTO .
Clare: IMO YES...THAT'S WHAT HE MEANS! "from Iraq's accession as a full member"
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Courtesy of Dinar Guru
Frank26 The budget is not officially open to the world just yet...Sudani is working on the inners, is working on the exchange rate...the program rate is not enough gas in the tank to get the $63 trillion worth of projects done. Absolutely not. There's just no way possible.
Militia Man The budget is an investment budget and they have not exposed it yet. They've voted on it on the 12th last month, 21st went into the gazette and they still have not opened it...Vital project of getting their money and disbursements is what we're waiting for. What we're hoping and expecting to see is a change in the exchange rate will be applied to their budget which we believe there's a clause in the budget that allows for adjustments to the budget whenever necessary...
Investors Gaining Independence w/ Physical Silver | Andy Schectman
Liberty and Finance:
While the U.S. is celebrating Independence Day, there's another sort of independence many wealthy investors have been quietly striving for.
Andy Schectman, CEO & president of Miles Franklin points out there have been massive deliveries of precious metals off the COMEX and LBMA exchanges.
He says the most sophisticated investors are leaving the system now by taking delivery of metals.
INTERVIEW TIMELINE:
0:00 Intro
2:19 "Independent" assets
19:40 Dedollarization
News, Rumors and Opinions Saturday Morning 7-1-2023
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. 1 July 2023
Compiled Sat. 1 July 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, handed over all their assets.
On Sat. 1 July International Financial Markets will transform into a new digital asset based economy. The new Quantum Financial System would be completely interfaced in computers around the World in order to coordinate currency transactions through the International Payment System ISO 20022. Implementation of the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate in the Iraqi Budget will happen after the EID holiday ends on Sat. 1 July. As with other countries’ currencies, the fiat US Dollar transfers into the new gold/asset-backed US Note also on Sat. 1 July.
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. 1 July 2023
Compiled Sat. 1 July 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, handed over all their assets.
On Sat. 1 July International Financial Markets will transform into a new digital asset based economy. The new Quantum Financial System would be completely interfaced in computers around the World in order to coordinate currency transactions through the International Payment System ISO 20022. Implementation of the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate in the Iraqi Budget will happen after the EID holiday ends on Sat. 1 July. As with other countries’ currencies, the fiat US Dollar transfers into the new gold/asset-backed US Note also on Sat. 1 July.
On Sun. 2 July about 5 pm EST the International markets and Forex open and Iraq’s new Dinar Rate becomes public.
On Mon. 3 July The US economy was set to implode when SOFR, Libor and many nations are planning on dumping their US Treasuries.
On Tues. 4 July the Quantum Financial System will be fully integrated worldwide. Tier4b (us, the Internet Group) was expected to be notified over the weekend and obtain appointments starting Tues. 4 July according to Bruce.
Wed. 5 July was the first day Tier 4b (us, the Internet Group) would go in for exchanges.
Banks Brewing for July 1 GCR: https://rumble.com/v2wtrup-rv-gcr-news-somethings-brewing-for-the-1st-of-july.html
Benjamin Fulford:
Financial Giants Teeter on the Brink of Collapse! BlackRock, Vanguard, JP Morgan Chase on the Verge of Bankruptcy! Unveiling the shocking truth behind the manipulated financial reports, the imminent collapse of industry giants like BlackRock sends shockwaves through the global economy. As their shares plummet and earnings dwindle, the crumbling facade becomes undeniable. Brace for the implosion of a financial empire that will rock the very foundations of Wall Street!
Read full post here: https://dinarchronicles.com/2023/07/01/restored-republic-via-a-gcr-update-as-of-july-1-2023/
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Courtesy of Dinar Guru
Walkingstick This ATFX is just another vehicle for the new IQD...new exchange rate, lower denoms, to leave its borders and to gain value. This is not big. This is immensely huge.
Militia Man Article "British report: Iraq's economic growth has led to a dramatic improvement in the reality of cities" Those that seem to think Iraq is not going places has another thing coming. They are about to show case themselves to the world even more now than ever before. This article shows that the world is watching and acting on their assessment of Iraq's new found security and stability...The 2023-2024-2025 budget will jump start the next three years like we have never seen before. Again, those that seem to say this is a nothing burger are highly misguided and uneducated in the on goings with Iraq and the world's relationship with Iraq going forward.
LIVE! Consumer Spending Hits A Wall. Fed. DELIBERATELY KILLING SMALL BUSINESS. Be Ready For Anything
Greg Mannarino: 6-30-2023
SILVER ALERT! JP Morgan Tests "Same Day" COMEX Silver Delivery! Preparing for JULY RAID?
(Bix Weir) 6-30-2023
In a very, very strange move JP Morgan bought and took delivery of 33 Silver contacts on the last day of trading for the month of June...WHY? Are they testing the "Same Day Delivery" mechanism that is the right of any trader on the COMEX?
This could be a sign of a HUGE SNEAK ATTACK by the King of Silver Market Manipulation and a way to BLAME SOMEONE ELSE for the Silver Price Explosion!!
Why We Could Easily See $5,000+ Gold
Why We Could Easily See $5,000+ Gold
Notes From the Field By Simon Black Sovereign Man June 28, 2023
On the 18th of September, in the year 324 AD, 52-year old Constantine the Great finally won the victory that he had been fighting for two decades to achieve: sole control of the Roman Empire.
At that point the Roman Empire had suffered more than a century of extreme turmoil– recession, inflation, invasion, humiliation, and endless civil wars, just to name a few of its challenges.
Why We Could Easily See $5,000+ Gold
Notes From the Field By Simon Black Sovereign Man June 28, 2023
On the 18th of September, in the year 324 AD, 52-year old Constantine the Great finally won the victory that he had been fighting for two decades to achieve: sole control of the Roman Empire.
At that point the Roman Empire had suffered more than a century of extreme turmoil– recession, inflation, invasion, humiliation, and endless civil wars, just to name a few of its challenges.
But after finally vanquishing his remaining political opponents, Constantine was ready to turn the page and institute some much needed reforms. And one of his first orders of business was to restore much-needed confidence in the currency.
Previous emperors had heavily debased Rome’s coinage to almost hilarious levels; the silver content in the denarius coin, for example, had been reduced 98% purity, all the way down to just 5% purity.
Nobody trusted Roman currency anymore. So in order to restore confidence, Constantine turned to gold.
The solidus gold coin had been originally introduced by one of his more notorious predecessors– Diocletian– in the early 300s. But the coin wasn’t really widely used.
Constantine chose the solidus as the gold standard for Roman currency, and he minted large quantities of it for circulation across the empire. More importantly, he standardized the coin at a fixed weight and high level of purity… and this standard remained untouched for centuries.
The value of the solidus was so stable, in fact, that it eventually became used for trade and commerce across the world– from the Mediterranean to the Silk Road.
By the 500s AD, the wide acceptance of the solidus became a source of pride for the Empire, leading one emperor to comment that the solidus was “accepted everywhere from end to end of the earth”, and that the coin was “admired by all men in all kingdoms, because no kingdom has a currency that can be compared to it.”
And he was right. Only the solidus was as widely accepted for international trade… sort of like the US dollar’s status today.
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The solidus certainly had a great run; its dominance lasted for centuries. But ultimately, as the Roman Empire (then known as the Byzantine Empire) decayed, emperors once again began to debase the solidus.
Over a period of about three decades in the mid 11th century, the solidus lost roughly two-thirds of its value. This was a time in history when there were other rising powers in Europe. And these foreign kingdoms started thinking about alternatives.
Soon wealthy Italian city-states like Venice and Florence began minting their own coins– the ducat and florin. And as these coins quickly gained acceptance for international trade, the Roman solidus was displaced forever.
I’ve consistently argued that the US dollar would likely suffer the same fate as the solidus ever since I started Sovereign Man.
As far back as 2012, for example, I wrote:
History’s lesson is quite simple — when the issuing authority of the world’s reserve currency engages in wanton debasement, the market seeks an alternative. This time is not different, and the dollar will suffer the same fate.
This will likely happen gradually rather than suddenly; over time, the US government will no longer be able to export the most deleterious effects of its monetary policy to destitute people in developing countries. The negative consequences will remain in the US, once and for all.
The sensible course of action is to plan for this trend by trading out paper currency for real assets like precious metals and productive land that will hold their value over time.
11 years ago when I wrote that passage, the idea of the dollar losing its reserve status was controversial. In fact, most of what I wrote back then was considered highly controversial; I said that Social Security was in serious trouble, that the US government would eventually be unable to pay its debts, and that America was in serious decline.
Today these ideas are no longer controversial. And the proof is in the news headlines on an almost daily basis.
In particular, the dollar’s potential loss as the dominant global reserve currency is now a mainstream idea that is being openly discussed around the world.
(Naturally the Federal Reserve and US Treasury Department are completely ignoring the risk altogether.)
So what does the future hold? Does loss of reserve status mean that the US dollar will simply vanish?
No, of course not. And at this point I don’t necessarily that the Chinese yuan will become THE dominant reserve currency.
China is obviously a major player in global trade and one of the largest economies in the world. They’re big. They’re powerful. And at this point, they’re able to force many of their trading partners to start using yuan for trade.
Think about it like this: Australia currently exports around $150 billion each year to China. And right now, most of that trade takes place in US dollars… because the US dollar is STILL the world’s primary reserve currency.
This means that the central banks in both China and Australia have to stockpile large amounts of US dollars in order to facilitate this trade. And this is an ENORMOUS benefit for the US economy; the rest of the world is essentially forced to invest in America.
But what if China demands that all trade with Australia now be denominated in yuan, instead of dollars. Australia certainly wouldn’t want to alienate its biggest trading partner, so they might happily agree.
What does this mean in practice? Australia makes its exports to China. Instead of receiving $150 billion US dollars, they receive $150 billion worth of Chinese yuan.
What does Australia do with all that yuan? Well, there aren’t too many options. China has a very closed economy with highly regimented capital controls. You can’t freely move money in and out of China.
Now, Australia does import around $70 billion from China each year. So the easiest option is to pay for those Chinese imports using their new pile of yuan.
But that still leaves around $80 billion worth of yuan left over. And again, since it’s so difficult to invest that money in China, Australia will need to figure out something to do with it.
One solution is that Australia’s central bank could exchange its excess yuan for gold. Gold is a traditional asset that central banks around the world have always held. They can use it to settle debts and trade accounts, or simply keep it as a reserve.
So what does this mean for the gold price? Well, the math is fairly simple. China’s global trade surplus in 2022 was nearly $900 billion.
As China continues to push its trading partners to accept yuan, if even 20% of that trade surplus ends up being exchanged for gold, we could easily see a $5,000 gold price given gold’s current supply and demand fundamentals.
I’ll discuss this much more in future letters, but if you’re thinking about ways to hedge the risk of the US dollar losing some of its dominance as the world’s reserve currency, gold is a good place to start.
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https://www.sovereignman.com/trends/why-we-could-easily-see-5000-gold-147743/
Economist's Thought's on BRICS and De-Dollarization 6-25-2023
Is Gold the Future of BRICS' New Currency? Find Out Now!
Geopolitical Trends with Dr. David Oualaalou: 6-25-2023
Following the conclusion of the BRICS ministerial summit in Cape town, South Africa where Senior officials from more than a dozen countries, including Saudi Arabia and Iran, were in talks on forging closer links with the BRICS bloc.
The latter is positioning itself as a counterweight to the West both economically and financially as many are fed up with the US weaponizing the dollar.
In this regard, China has made clear its discontent with the role of the US $ in the international economy and its intention to internationalize the RMB as an alternative international currency.
If the US continues to weaponize its dollar hegemony, this is only bound to accelerate the decline of the dollar.
The US would be best served by refraining from using economic statecraft to pressure countries to adhere to its wishes.
Is Gold the Future of BRICS' New Currency? Find Out Now!
Geopolitical Trends with Dr. David Oualaalou: 6-25-2023
Following the conclusion of the BRICS ministerial summit in Cape town, South Africa where Senior officials from more than a dozen countries, including Saudi Arabia and Iran, were in talks on forging closer links with the BRICS bloc.
The latter is positioning itself as a counterweight to the West both economically and financially as many are fed up with the US weaponizing the dollar.
In this regard, China has made clear its discontent with the role of the US $ in the international economy and its intention to internationalize the RMB as an alternative international currency.
If the US continues to weaponize its dollar hegemony, this is only bound to accelerate the decline of the dollar.
The US would be best served by refraining from using economic statecraft to pressure countries to adhere to its wishes.
De-Dollarization Is Driving The End Of U.S. Dominance
Sean Foo: 6-25-2023
As de-dollarization continues, Jerome Powell is denying the dollar's role in keeping the US economy dominant.
This is a disaster for the reserve currency's future as it shows nothing will change, the dollar will still be mismanaged and weaponized.
Here's why if the dollar falls, the US economy's world dominance will also topple.
Timestamps & Chapters:
0:00 America's Big Mistake
2:46 Dollar Weaponization
5:07 US Economy Is A House Of Cards
7:31 America Needs The Dollar
10:40 The Dollar's Eventual Demise
13:32 Can America Reverse Course?
EPIC CLASH: Silver and Gold in the BRICS Monetary Revolution!
Ron’s Basement: 6-25-2023
Brace yourself for a monumental moment in the precious metal sector as we delve into the buzz surrounding this summer's highly anticipated BRICS summit.
Speculation is rife that the summit could mark a turning point, igniting the largest monetary revolution witnessed in the last 50 years.
Eastern countries, including powerhouse nations like Russia, China, and India, are openly discussing the launch of a new reserve currency, backed by none other than gold.
In this captivating video, we explore the fascinating implications of this potential development and the immense impact it could have on the silver price and gold price.
Prepare for a thrilling ride as we navigate the exciting possibilities that lie ahead in the coming years. Stay tuned to uncover the secrets of the precious metal market amidst this captivating BRICS summit saga!
Don't miss out on this game-changing information that could redefine the future of silver and gold.