Goldilocks' Comments and Global Economic News Late Monday Evening 10-2-23
Goldilocks' Comments and Global Economic News Late Monday Evening 10-2-23
Good evening Dinar Recaps,
Digital Banking Announcements:
* Payments-technology platform Pidgin said it has agreed to provide real-time payment capability to retail and commercial account holders at Exchange Bank.
* AffiniPay LLC, a payments platform for professional services firms, has sold its accounting software unit, Soluno, to ActionStep, a provider of practice-management technology. Terms were not disclosed.
Goldilocks' Comments and Global Economic News Late Monday Evening 10-2-23
Good evening Dinar Recaps,
Digital Banking Announcements:
* Payments-technology platform Pidgin said it has agreed to provide real-time payment capability to retail and commercial account holders at Exchange Bank.
* AffiniPay LLC, a payments platform for professional services firms, has sold its accounting software unit, Soluno, to ActionStep, a provider of practice-management technology. Terms were not disclosed.
* The U.S.-based blockchain firm Coinbase Inc. announced it has received a Major Payment Institution license from the Monetary Authority of Singapore, allowing the company to expand its services in that nation.
* Payments platform Stripe Inc. has attracted controversy after cutting off services to a United Kingdom-based merchant that sells legal air rifle accessories.
* RevoluGroup Canada Inc., the firm behind the RevoluPay mobile payments app, appointed Simon Tsu chief financial officer, taking on the duties of outgoing CFO Jason Tong and corporate secretary Derek Sobel, both of whom resigned on Sept. 30.
Digital Transactions Link
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Expect new crypto regulations to follow Bitcoin ETFs - Summa Money
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LIVE! Wall Street SUPERBANK JP Morgan WARNS of Coming "FINANCIAL ACCIDENT." Mannarino
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Wells Fargo closes 10 more bank branches - full list of affected states
The Express Link
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GOLD & BATTLE FOR CONTROL?
A tug-of-war for the CONTROL over #gold pricing is starting to play out.
The countries of the Eastern world have been amassing physical gold for numerous years, while the majority of Western nations continue to only add to their debt pile.
Last year, Russia's Finance Ministry said it was critical to create the new Moscow World Standard to normalize the functioning of the precious metals industry and have an alternative to the LBMA.
This week, we saw a surge in gold prices in China, leading to a record premium over international prices, exceeding $100 an ounce.
Read the full article: https://x.com/goldtelegraph_/status/1708165335441125862?s=46
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Jamie Dimon Says JPMorgan can handle 8% interest rates...
America's largest bank.
He says this as many commercial banks sit with tens of billions in unrealized losses on their books.
In that environment, we see more financial accidents.
Read: https://x.com/goldtelegraph_/status/1708975767017902544?s=46
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Continuing on the bankruptcies theme:
US small business bankruptcies rising at worst pace since pandemic
WSJ Link
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US trucking employment is plunging
Historically, 4 out of 4 past declines have marked the beginning of a
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ISO 20022.... LET'S DO IT on X
💥SWIFT NOVEMBER 2023 NETWORK CHANGES TO SUPPORT DIGITAL ASSETS FOR SECURITIES AND FOREIGN EXCHANGE TRADES 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💥
IRS Code Title 12 USC 531 Exemption of taxation ( us code.house.give ) 💥💥💥. In effect October,1, 2023.
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Goldilocks' Comments and Global Economic News Thursday Evening 9-28-23
Goldilocks' Comments and Global Economic News Thursday Evening 9-28-23
Good evening Dinar Recaps,
I will be posting a little bit later this afternoon due to a prior commitment. I received a lot of good information this morning that I look forward to sharing with you.
© Goldilocks
Goldilocks' Comments and Global Economic News Thursday Evening 9-28-23
Good evening Dinar Recaps,
I will be posting a little bit later this afternoon due to a prior commitment. I received a lot of good information this morning that I look forward to sharing with you.
© Goldilocks
BREAKING NEWS
TRAFIGURA HAS SIGNED A $500 MILLION CREDIT FACILITY WITH THE SAUDI EXPORT-IMPORT BANK, INTENDED FOR THE PURCHASE OF NON-CRUDE OIL COMMODITIES LIKE GOLD AND COPPER FROM THE KINGDOM
This is one of the world's top commodities trading houses.
Here comes Saudi Arabia.
Read: https://x.com/goldtelegraph_/status/1707177345822654791?s=46
👆 Copper?
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Kraken Crypto Exchange to Launch Stock Trading
https://watcher.guru/news/kraken-crypto-exchange-to-launch-stock-trading
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IMF Executive Board Concludes 2023 Article IV Consultation with Vietnam
https://www.imf.org/en/News/Articles/2023/09/27/pr23325-vietnam-imf-exec-board-concludes-2023-art-iv-consult
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"Enacted in November 2021, the Infrastructure Investment and Jobs Act expanded Section 6045 of the Internal Revenue Code to require tax reporting by brokers of transactions involving the sale or exchange of digital assets.
Nearly two years later, on August 25, 2023, the IRS and Treasury Department promulgated proposed regulations that clarify and adjust the rules regarding the tax reporting of information by brokers, so that brokers for digital assets are subject to the same information reporting rules as brokers for securities and other financial instruments."
On October 30, 2023, the comments and rewrites to this legislative piece of the digital economy regarding taxes and reporting is expected to be done for the Infrastructure Investment and Jobs Act.
At that point, the Bipartisan Infrastructure Bill as it is commonly known moves toward final rules being drawn up, completed, and implemented.
© Goldilocks
https://www.dlapiper.com/en-ca/insights/publications/2023/09/irs-and-treasury-issue-proposed-regulations-outlining-new-digital-asset-reporting-regime
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Federal Reserve Releases Paper on Benefits of Tokenization of Real-World Assets - The Daily Hodl
https://dailyhodl.com/2023/09/25/federal-reserve-releases-paper-on-benefits-of-tokenization-of-real-world-assets/
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S&P 500 Equal Weight Index Dips into Red Year-to-Date. Shows Entire Market Depends on 8 Giants, but They’re Swooning Too | Wolf Street
https://wolfstreet.com/2023/09/27/the-sp-500-equal-weight-index-dips-into-red-year-to-date-shows-entire-market-depends-on-8-giants-but-theyre-swooning-too/
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Baghdad (IraqiNews.com) – "The Central Bank of Iraq (CBI) intends to limit all domestic trade transactions to the local currency starting next year."
I found another article letting us know that the Iraqi Dinar will go International early next year in domestic trade transactions.
They will use their local currency to make these trades around the world and the price pressures that come with it to increase demand for their currency will create authentic exchange rates.
Watch the water.
© Goldilocks
https://www.iraqinews.com/iraq/cbi-limits-domestic-trade-to-local-currency/.
Library.UCLA.Edu Link
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IMF Executive Board Concludes 2023 Article IV Consultation with Vietnam
https://www.imf.org/en/News/Articles/2023/09/27/pr23325-vietnam-imf-exec-board-concludes-2023-art-iv-consult
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BRICS: Top Oil Producer Ditches US Dollar, Accepts Only Local Currency
https://watcher.guru/news/brics-oil-producer-ditch-us-dollar-accept-local-currency
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BRICS Countries Dump $123 Billion in U.S. Treasuries in 2023
https://watcher.guru/news/brics-countries-dump-123-billion-in-u-s-treasuries-in-2023
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As you can see from today's postings, the
Infrastructure Investment and Jobs Act is still in progress.
This builds our country from the ground up and creates jobs. This will give us direction for a future and a road map for its achievement.
If you would like to follow these legislative bills, see the links below.
© Goldilocks
https://www.congress.gov/bill/118th-congress/senate-bill/695?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=1
https://www.congress.gov/bill/118th-congress/house-bill/2694?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=2
https://www.congress.gov/bill/118th-congress/senate-bill/843?q=%7B%22search%22%3A%22Infrastructure+Investment+and+Jobs+Act%22%7D&s=1&r=3
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Press Briefing by Julie Kozack, Director, Communications Department, IMF https://www.imf.org/
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Markets Looking to See if Budget Impasse Causes Govt. Shutdown - Ira's Metals Video 9 28 2023
https://youtu.be/bbzKNk1vlEc?feature=shared
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Goldilocks' Comments and Global Economic News Tuesday AM September 26th
Goldilocks' Comments and Global Economic News Tuesday AM September 26th
Good morning Dinar Recaps,
Tanzania has started buying LOCAL #gold to bolster its foreign exchange reserves.
More and more countries are starting to do this.
Expect this to continue.
Goldilocks' Comments and Global Economic News Tuesday AM September 26th
Good morning Dinar Recaps,
Tanzania has started buying LOCAL #gold to bolster its foreign exchange reserves.
More and more countries are starting to do this.
Expect this to continue.
Read: https://x.com/goldtelegraph_/status/1706460993067651173?s=46
SILVER WARNING: SILVER SQUEEZE Is On Its Way - Andy Schectman
https://youtu.be/TlOJ8VXcgFk?feature=shared
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45% of US student loan borrowers expect to go delinquent when payments resume next month
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Starting the crash
https://youtu.be/yFEGvh0W2i4?feature=shared
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BIS Warning:
"the current build-up of leveraged short positions in US Treasury futures is a financial vulnerability worth monitoring because of the margin spirals it could potentially trigger."
👆 Liquidity issues are beginning to show up.
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UK banks/Basel 3.1: locals rule on international regulation | Financial Times
https://www.ft.com/content/92635e40-917d-4e63-8c82-5bf715bea2bc
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CBI Announcement:
Starting 2024: All dealings restricted to local currency in Iraq.
https://www.albawaba.com/business/starting-2024-all-dealings-restricted-local-currency-iraq-1535414
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"The $39 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has lost 48% from its 2020 all-time high and is trading at its lowest point since 2011, according to data compiled by Bloomberg."
https://www.bloomberg.com/news/articles/2023-09-25/long-treasury-etf-tlt-plunges-record-48-as-market-meltdown-worsens
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Goldilocks' Comments and Global Economic Evening News for September 19th
Goldilocks' Comments and Global Economic Evening News for September 19th
Good evening Dinar Recaps,
Edit this: Mining legend Frank Giustra commented on the US dollar:
"You got to think about these new mechanisms for settlement on trade, and that's where I think it's going to be chipping away at the value of the dollar.”
100%
Countries globally are starting to trade using their local currencies; this is very important to members of BRICS.
As they develop their central bank digital currencies, they are also accumulating gold.
This is what transformation looks like.
Goldilocks' Comments and Global Economic Evening News for September 19th
Good evening Dinar Recaps,
Edit this: Mining legend Frank Giustra commented on the US dollar:
"You got to think about these new mechanisms for settlement on trade, and that's where I think it's going to be chipping away at the value of the dollar.”
100%
Countries globally are starting to trade using their local currencies; this is very important to members of BRICS.
As they develop their central bank digital currencies, they are also accumulating gold.
This is what transformation looks like.
Read: https://x.com/goldtelegraph_/status/1704173357942591877?s=46
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Citi launches token service for institutional clients
The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant cross-border payments 24/7, the bank said.
BankingDive Link
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Based on the decision of the Board of Directors of this bank No. (151) of 2023, approval was obtained to renew the license granted to Yanah Banking and Electronic Services Company based on the provisions of Article (7/Second) of the Electronic Money Payment Services System No. (3) of 2014, provided that its provisions, instructions and controls are adhered to. issued by this bank.
https://cbi.iq/news/view/2418
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🔴 China Dumps U.S. Treasuries To Buy RECORD Amounts Of Gold As The U.S. Dollar Outlook Weakens
https://youtu.be/T5-x4Q7u5H8?feature=shared
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Prepare for #Stellar’s Protocol 20 upgrade! It’s the biggest one yet, introducing Soroban smart contracts.
Things to know:
1. Testnet upgrade on Sep 20, 1500 UTC
2. Update Stellar-related software
3. Stay updated in the (#protocol-20) discord channel
4. Go here for more info… Show more
3:06 PM · Sep 18, 2023
https://stellar.org/blog/developers/protocol-20-upgrade-guide
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According to the official announcement, the testnet will upgrade on September 20 at 15:00 UTC to release newer updates of Stellar Core and Horizon, the infrastructure of the Stellar network.
Stellar validators will open upgrade votes for six weeks once the testnet upgrade reaches ideal output. The testnet release of the Protocol 20 upgrade will track and trace network performance with the implementation of Soroban smart contracts.
Soroban is a smart contract infrastructure built on top of Stellar. It advances the Stellar network’s capabilities by enabling an ecosystem of decentralized applications.
“Because the Protocol 20 upgrade introduces new network settings that validators control, it is also likely that the initial upgrade vote will be followed by a series of additional votes to adjust those settings,” said the blog post.
The Stellar Foundation has increased its development efforts to sustain itself in the highly competitive blockchain space. It recently onboarded British actor Idris Elba to advertise Stellar blockchain network.
Stellar To Support Soroban Smart Contracts With Protocol 20 Upgrade
https://www.cryptotimes.io/stellar-to-support-soroban-smart-contracts-with-protocol-20-upgrade/
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The Global Markets are about to get volatile due to inflated assets and an uncontrollable debt ceiling. This is why capital requirements are being adjusted to test the new Basel 3 banking system.
At the same time, we have tokenized assets onboarding onto the new digital trading system being tested.
These new tokenized assets will be tested and interfaced on the Stellar Network for the next 6 weeks.
The banking system has until the end of November to complete their Basel 3 testing and period for comments on improvements.
The transition into our new digital economy in the banking system and the market system supported by commodities is about to begin.
For more on Protocol 20, see the articles below.
© Goldilocks
https://cryptosaurus.tech/stellar-xlm-is-ready-for-its-biggest-protocol-upgrade-details/
https://www.newsbtc.com/news/stellar/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally/
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Goldilocks' Comments and Global Economic News for September 19th
Goldilocks' Comments and Global Economic News for September 19th
Good afternoon Dinar Recaps,
Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago | Wolf Street Wolfstreet Link
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"The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant."
Goldilocks' Comments and Global Economic News for September 19th
Good afternoon Dinar Recaps,
Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago | Wolf Street Wolfstreet Link
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"The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant."
Citibank steps into the digital bond market as a digital custodian. A custodian holds stocks, bonds, or other assets electronically/digitally or in physical form for and on behalf of their customers.
Bond yields give us an indication of how well the stock market is doing. The trade for them, be it domestic or foreign, increases the demand for a nation's currency. And demand creates more value through money velocity.
The most common bond type is the US Treasury Gold Bond. This is issued by the US government, and it is backed by gold held by the US Treasury.
Are you beginning to see why currency resets around the world are about to become inevitable? Basel 3 changes the landscape of everything. It is expected to be completed by the end of the year.
"All roads lead to gold and gold will set us free."
© Goldilocks
Investment News Link
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"The KRX system is an information technology system for managing and operating transactions on the Vietnamese stock market."
The Vietnamese stock market is upgrading their system. They are calling on all of their it professionals to upgrade into the new kRX technological system to be used on their Stock Exchange.
This will enable them to digitally do transactions on the stock market on a global scale. The expectation is for all security companies to be fully integrated by the month of December or answer to their clients for their failures in doing so.
Vietnam is moving along rather nicely. Months ago we read where one of their Banks was fully Basel 3 compliant, and now we find they are about to be capable of utilizing their tokenized assets supported by a gold standard and the movement of their money from one transaction to another.
© Goldilocks
VietnamNews Link1
VietnamNews Link 2
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Crypto Custody Services Expand; CFTC Enforcement Targets DeFi, SEC Targets NFTs; FinCEN Warns of Crypto Scams; Major Hacks Steal $41M and $55M | BakerHostetler - JDSupra
https://www.jdsupra.com/legalnews/crypto-custody-services-expand-cftc-2120214/
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STORY: "She adds this possibility could lead to short term changes to economic indicators making it hard for the Federal Reserve to accurately gauge the health of the U.S. economy in the months to come."
As we have been discussing in this room, we are in process of making adjustments to Capital requirements inside Basel 3 compliant banking mechanisms.
Tokenization of assets backed by real-world Commodities will give them real values.
Therefore, the expectation of volatility on the markets for the rest of this year is certainly going to be a part of what we are going to see any moment.
As the markets and banking system work to find their Goldilocks economy, you will more than likely hear about changes being made to the system to create new synchronistic values that are neither too hot or too cold, but "they are just right." 😉
"The term (Goldilocks) describes an ideal state for an economic system. In this perfect state, there is full employment, economic stability, and stable growth."
© Goldilocks
https://news.yahoo.com/us-market-volatility-could-spike-192859541.html
Investopedia Link
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The Rise of Artificial Intelligence, Big Data, and the Next Generation of International Rules Governing Cross-Border Data Flows and Digital Trade | White & Case LLP
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Overcoming Barriers: Challenges to Implementing Global Regulation of Digital Assets
Finance Feeds Link
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🚨XDC HUGE PROJECT ANNOUNCEMENT🚨XINFIN PRICE & DIGITAL TRADE GOING LIVE
https://youtu.be/xsxEZiZzKtc?feature=shared
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Private banking is an enhanced offering for the high-net-worth individual (HNWI) clients of a financial institution. Private banking consists of personalized financial and investment services and products from a dedicated personal banker.
Investopedia Link
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When I talked with the Head of Silver Eagle Sales for the US Mint back in May he said they had been "allocated" 4 Million more silver blanks for the 2023 US Silver Eagle Program.
With the ramp-up of silver eagle sales over the past 4 months the premiums have fallen substantially.
According to the numbers, unless the allocation of silver blanks was increased further, the US Mint should STOP selling eagles in October instead of December!
What would that do to Silver Eagle Premiums?
ALERT! US Mint to STOP SELLING 2023 Silver Eagles in October?! PREMIUMS TO SOAR AGAIN?! (Bix Weir
https://www.youtube.com/watch?v=QPozCeMSk6I
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HUGE NEWS! Prepare for 5x Gold & 10x Silver. This Is the BIG ONE, Bill Holter
HUGE NEWS! Prepare for 5x Gold & 10x Silver. This Is the BIG ONE, Bill Holter
Finance Log: 9-17-2023
The renowned analyst Bill Holter believes those who possess gold and silver could become their banks in the future.
These precious metals might be the collateral or backing for any potential new currency emerging following a financial crisis.
Holter doubts the success of Central Bank digital currencies (CBDCs), viewing them as similar to traditional fiat currencies and lacking the ability to inspire trust.
Instead, he envisions a scenario where gold and silver maintain their value and play a foundational role in establishing a new currency system supported by tangible assets.
HUGE NEWS! Prepare for 5x Gold & 10x Silver. This Is the BIG ONE, Bill Holter
Finance Log: 9-17-2023
The renowned analyst Bill Holter believes those who possess gold and silver could become their banks in the future.
These precious metals might be the collateral or backing for any potential new currency emerging following a financial crisis.
Holter doubts the success of Central Bank digital currencies (CBDCs), viewing them as similar to traditional fiat currencies and lacking the ability to inspire trust.
Instead, he envisions a scenario where gold and silver maintain their value and play a foundational role in establishing a new currency system supported by tangible assets.
The record streak of central bank gold purchases that began in 2022 has also driven investors to allocate the largest percentage of their portfolios to the precious metal since 2012, according to a newly developed metric unveiled in a recent report from analysts at JPMorgan.
In the first six months of 2023, Central Banks worldwide acquired an unprecedented 387 tonnes of gold, marking the highest H-1 purchase of gold volume since 2000, when the World Gold Council began recording such transactions.
Holter explains that central banks are buying gold because they understand that the U.S. dollar is under pressure, and they hold significant dollar reserves.
As the dollar weakens, it creates a significant liability on their balance sheets, which they seek to hedge by acquiring gold. In this context, gold is a way to protect against currency devaluation.
Economist's "News and Views" for Wednesday 9-13-2023
'No Question' Expansion of BRICS is Leading to a Gold-Backed Currency: Andy Schectman
Commodity Culture: 9-13-2023
Andy Schectman has been pointing to the BRICS alliance as a real threat to the Western hegemony for some time
And although there wasn't any formal announcement of a gold-backed currency at their recent summit, Andy believes the expansion of BRICS is a clear indication that dedollarization is well underway.
00:00 Introduction
01:19 Current Tailwinds for Gold
'No Question' Expansion of BRICS is Leading to a Gold-Backed Currency: Andy Schectman
Commodity Culture: 9-13-2023
Andy Schectman has been pointing to the BRICS alliance as a real threat to the Western hegemony for some time
And although there wasn't any formal announcement of a gold-backed currency at their recent summit, Andy believes the expansion of BRICS is a clear indication that dedollarization is well underway.
00:00 Introduction
01:19 Current Tailwinds for Gold
09:35 BRICS Summit Implications
28:24 Gold and Real Interest Rates
Six Southern European countries shocked the U.S. by signing a Belt and Road cooperation with China!
DeepIn Moments: 9-13-2023
Hello and welcome to Deepin Moments:In 2023, we commemorate the 10th anniversary of the "Belt and Road Initiative." This visionary project, based on principles of consultation, joint construction, and shared benefits, aims to advance the development of the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
Discover how it challenges U.S. hegemony and fosters political trust, economic ties, and cooperation worldwide. As of January 6, 2023, China has signed over 200 cooperation agreements under the Belt and Road Initiative with 151 nations and 32 international organizations.
Explore how Southern European countries, including Italy, Spain, Portugal, Greece, Cyprus, and Malta, engage boldly with China despite U.S. opposition.
These nations occupy strategic positions along the historic Silk Road, facilitating trade between China and Europe, reshaping global politics, and forging a new paradigm for the Belt and Road Initiative.
Warning: China Starts Dumping US Dollars - Financial Crisis Is Coming
The Atlantis Report: 9-13-2023
China is currently concealing an astonishing 3 trillion dollars in foreign currency within shadow reserves. While official reports from China's State Administration of Foreign Exchange confirmed this figure, experts believe the actual reserves might be around 6 trillion dollars.
This lack of transparency in China's financial practices raises significant concerns, creating new and substantial risks to the global economy.
What's even more unsettling is that over time, China's management of its currency and foreign exchange reserves has become increasingly opaque, making it difficult for the rest of the world to gauge their true intentions and strategies.
It's not just about hiding a portion of their wealth; it's about the collateral damage that the world will experience. China's role as an economic giant directly affects the rest of the world, by how they manage their economy, and their currency.
The lack of transparency also makes it extremely challenging to predict their next move, which has now become an even bigger problem.
Economist's "News and Views" Tuesday 9-12-2023
Andy Schectman: Are Gold & Silver Likely To Be Confiscated
Arcadia Economics: 9-12-2023
One of the primary advantages of holding physical gold and silver is that it allows you be outside of the banking system and free from counter-party risk. Almost entirely. Except of course for the possibility of confiscation by the government.
Which is not often an overwhelming concern among gold and silver holders, although one that does exist, and does have some historical precedent.
So in today's show, in addition to checking in on the premium levels of gold and silver, and talking about some of the recent developments in the market,
Andy Schectman of Miles Franklin also talks about the possibility of confiscation, and whether he sees that as likely.
Andy Schectman: Are Gold & Silver Likely To Be Confiscated
Arcadia Economics: 9-12-2023
One of the primary advantages of holding physical gold and silver is that it allows you be outside of the banking system and free from counter-party risk. Almost entirely. Except of course for the possibility of confiscation by the government.
Which is not often an overwhelming concern among gold and silver holders, although one that does exist, and does have some historical precedent.
So in today's show, in addition to checking in on the premium levels of gold and silver, and talking about some of the recent developments in the market,
Andy Schectman of Miles Franklin also talks about the possibility of confiscation, and whether he sees that as likely.
He also talks about which types of gold or silver would be most vulnerable in the event that a confiscation was attempted, as well as some other government mandates regarding gold and silver that precious metals are well served to keep in mind.
Lastly, he answers some user questions that have come in, that touch on some of the various aspects of owning American silver eagles.
So to stay up to date on the latest developments and news, click to watch this video now!
LIVE! NATO To Launch THE LARGEST MILITARY EXERCISE SINCE THE COLD WAR! Important Updates.
Greg Mannarino: 9-12-2023
Saudi Arabia announces that the RMB can replace the dollar for oil purchases!
DeepIn Moments: 9-12-2023
In this video, we dive deep into the recent groundbreaking agreement between Saudi Arabia and China that's shaking up the global financial landscape.
In recent days, Saudi Arabia and China have signed a highly anticipated memorandum of understanding (MOU) with significant strategic implications.
This MOU, signed on September 3, 2023, between the Shanghai Stock Exchange and the Saudi Exchange Group, marks a crucial milestone in their cooperation journey.
Awake-In-3D: Calls for Gold-backed Dollar on the Rise Across USA
Awake-In-3D:
Calls for Gold-backed Dollar on the Rise Across USA
On August 23, 2023 By Awake-In-3D
Our GCR, as an alternative currency system, is gaining public awareness.
Amidst mounting concerns over inflation and the waning influence of the U.S. dollar in international trade, lawmakers on both the federal and state levels are championing gold and precious metals as a remedy.
With growing discussions about the potential loss of the dollar’s status as the global reserve currency, proponents of a gold-backed U.S. dollar are making a compelling case for returning to the economic stability of the past.
Awake-In-3D:
Calls for Gold-backed Dollar on the Rise Across USA
On August 23, 2023 By Awake-In-3D
Our GCR, as an alternative currency system, is gaining public awareness.
Amidst mounting concerns over inflation and the waning influence of the U.S. dollar in international trade, lawmakers on both the federal and state levels are championing gold and precious metals as a remedy.
With growing discussions about the potential loss of the dollar’s status as the global reserve currency, proponents of a gold-backed U.S. dollar are making a compelling case for returning to the economic stability of the past.
Key Takeaways from this Article
Amount of new debt added under the current administration: $5 trillion.
Growing concerns over escalating debt, inflation, and global efforts to displace the dollar.
Fitch’s downgrade of U.S. debt and declining purchasing power underscore need for monetary reform. A weakening U.S. dollar prompt discussions on returning to a gold-backed dollar.
Lawmakers advocate for gold and precious metals to stabilize the economy and protect U.S. interests. The Gold Standard Restoration Act (H.R. 2435) proposes redefining the dollar with fixed gold weight, exchanging paper currency for gold.
Texas Gold Depository promotes intrastate gold trade for economic stability. Increasing states recognize gold and silver as legal tender, facilitating trade and eliminating barriers.
Non-Western central banks buying gold in record quantities.
China and other nations challenge dollar’s dominance, prompting reconsideration of precious metals’ role.
The call for a return to the gold standard is gaining traction through diverse initiatives, ranging from congressional bills advocating for the dollar’s connection to gold to state-level efforts facilitating the use of precious metals in commerce. The implications are far-reaching, and even private-sector players are advocating for a return to the gold standard as protection against looming economic crises.
Lawmakers at both state and federal levels underscored the urgency of reestablishing gold as a foundation for the U.S. dollar. U.S. Rep. Alex Mooney’s (R-W.Va.) Gold Standard Restoration Act (H.R. 2435) is a notable example, proposing a redefinition of the dollar based on a fixed gold weight and mandating the exchange of paper currency for gold. Mooney argues that the U.S.’s staggering $32 trillion debt and unrestrained spending necessitate a return to a tangible standard.
While the path forward remains uncertain, the growing momentum behind the call for a gold-backed dollar is hard to ignore.
Mr. Mooney emphasized, “Returning to the gold standard would bolster domestic and international confidence in the U.S. dollar because its value would be tied to something of actual worth, not just the ‘full faith and credit’ of the U.S. government.” He added that this move would preserve the dollar’s global reserve status.
Texas Representative Mark Dorazio, a Republican, is advocating for intrastate trade in gold through the Texas Gold Depository. Dorazio contends that history’s endurance of gold’s value over millennia positions it as a reliable standard. He stated, “It is the go-to in economic crisis and instability—everyone knows you go to gold.” Dorazio’s proposal not only offers economic stability but also presents an opportunity for the state to generate revenue.
Ron Paul, a prominent advocate for the gold standard and sound money, concurs. Paul highlights the stability and inherent value of gold, which digital currencies lack. He asserts, “Gold and silver became money spontaneously thousands of years ago, and metals have worked well.” Paul’s perspective aligns with a growing number of states that are legally recognizing gold and silver as tender, facilitating trade by eliminating sales taxes and other obstacles.
As the U.S. faces escalating debt, inflation, and global efforts to replace the dollar, interest in precious metals is surging. Fitch’s recent downgrade of U.S. debt and the erosion of purchasing power worldwide underscore the urgency for monetary reform. With China and other countries actively challenging the dollar’s dominance, the return to a gold-backed dollar emerges as a potential solution.
Economists point out that for thousands of years, gold and precious metals have served as reliable mediums of exchange due to their durability, portability, scarcity, and intrinsic value. Until 1971, the U.S. dollar was officially backed by gold. However, policy shifts over the years led to the dollar’s detachment from gold. Now, lawmakers are acknowledging the critical need for a stable foundation in the face of economic and monetary turmoil.
Efforts to return to the gold standard are fueled by concerns over the dollar’s stability, the loss of trust in the government, and the potential displacement of the dollar in international trade. The urgency of legislation like the Gold Standard Restoration Act highlights the catastrophic effects of severing the dollar’s link to gold, including extreme spending and inflation.
Mr. Mooney underscores that restoring the gold standard is not merely an economic necessity but also a safeguard against geopolitical challenges. He emphasizes the vulnerability of the dollar to international competition due to its unstable value resulting from borrowing and money printing.
While the path forward remains uncertain, the growing momentum behind the call for a gold-backed dollar is hard to ignore. As experts and lawmakers reevaluate the role of precious metals in securing economic stability, the idea of returning to a gold standard gains traction as a safeguard against inflation, economic instability, and the potential loss of the dollar’s global reserve status.
Supporting Article: Epoch Times – Efforts to Protect US Intensify Amid Global Shift From Dollar
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https://ai3d.blog/calls-for-gold-backed-dollar-on-the-rise-across-usa/
If You Think Gold Is Worth Owning, Wait Until You See Uranium
If You Think Gold Is Worth Owning, Wait Until You See Uranium
Notes From the Field By Simon Black August 21, 2023
Gold has its merits. It has been valuable for thousands of years, and has some industrial applications as well. But holding a kilo of gold in your hand, all you can really do is admire it, and appreciate that it is a great store of wealth.
Holding a kilo of uranium, you have in your hand a resource that has enough energy to supply a day’s power to 30,000 people. That's not just impressive; it's transformative in a world being run by absolute buffoons.
If You Think Gold Is Worth Owning, Wait Until You See Uranium
Notes From the Field By Simon Black August 21, 2023
Gold has its merits. It has been valuable for thousands of years, and has some industrial applications as well. But holding a kilo of gold in your hand, all you can really do is admire it, and appreciate that it is a great store of wealth.
Holding a kilo of uranium, you have in your hand a resource that has enough energy to supply a day’s power to 30,000 people. That's not just impressive; it's transformative in a world being run by absolute buffoons.
Politicians, in their infinite wisdom, continue to plunge the US into deeper debt, racking up trillions in deficits year after year.
And when global credit rating agencies like Fitch sound the alarm on their fiscal irresponsibility, these politicians don't just turn a deaf ear; they outright reject and ridicule the warnings.
They gaslight the public and say: No! There is absolutely nothing wrong with borrowing trillions and trillions and racking up debt worth 120% of GDP. Fitch is the crazy one, not us!
Then they dump all this borrowed money into things like the “Inflation Reduction Act." Shockingly, turns out that had nothing to do with inflation. It was a thinly veiled attempt to appease climate fanatics.
Don't misunderstand me. I'm all for clean air and a pristine environment. But I also believe in making informed decisions. The hard truth is that wind and solar energy are not efficient nor cost-effective.
But fanaticism blinds people to facts and data.
We witnessed this during the pandemic, with decision-makers adopting a "whatever it takes" approach, sidelining critical data in favor of emotional reactions. And emotional decisions are usually bad decisions.
The climate fanatics dream of a world powered solely by wind and solar.
But that’s delusional.
Just consider that the largest solar field in the world requires nearly FOUR HUNDRED square kilometers, and produces about 11,400 GWh of electricity per year.
The Kori nuclear plant in South Korea, on the other hand, has a footprint of just a few dozen acres, yet it produces 4x as much electricity.
Converting the world to solar would require hundreds of thousands of square kilometers full of solar panels and wind farms. Just imagine how expensive that land would be. Or how much cobalt, silicon, lithium, etc. would need to be mined and produced.
To transition fully to wind and solar, the world would need billions and billions of pounds of extra materials that are simply not available.
Or you could use one little rock of uranium to provide the daily energy needs of 30,000 people.
Sure, the up-front capital costs are much higher for nuclear. But over the life cycle of a modern plant, the average cost per kWh of electricity is comparable (or less) than solar.
And finally, after being abandoned and ignored for years, policymakers are starting to turn back to nuclear. This isn’t just wishful thinking. It’s happening… if not in the US, then around the world.
There are around 415 reactors currently supplying nuclear energy to the world. There are 59 new ones under construction, and 111 in early stage development. Another 300+ have been proposed. The vast majority are in Russia, India, and China.
(The US has just one under construction. Germany removed all theirs and now has 0. Sweden has 0. France has 1. The “developed” countries are way, way behind.)
Yet even with just 415 active nuclear plants, uranium is already in short supply.
In 2021, for example, nuclear plants used 73,698 metric tons of uranium to produce electricity. Yet total uranium mine output that year was just 56,377 metric tons.
In other words, mines aren’t producing enough uranium... and they haven’t been for most of the last decade. Nuclear plants have had to draw down on their previous stockpiles.
(My colleague Adam Rozencwajg of Goehring & Rozencwajg recently published some great research on the topic, showing uranium stockpiles to be at their lowest levels in nearly 20 years.)
Think about it— if uranium is already in short supply today, just imagine how undersupplied the market will be in the future when these new reactors come online.
Most likely this would result in a major price surge in uranium.
We’ve talked recently about how gold could double, triple, or even more in price over the coming years.
Uranium essentially has similar upside as gold, but with the additional benefit of being a transformative fuel that can provide a cheap and abundant source of energy.
To your freedom, Simon Black, Founder Sovereign Man
'It's The Death Of The Entire Financial, Monetary And Social System'
'It's The Death Of The Entire Financial, Monetary And Social System'
Jing Pan Fri, August 18, 2023
This Market Expert Warns The U.S. Dollar Is Quickly Losing Its Reserve Status. Here's What She Likes For Protection
For decades, the U.S. dollar has held the esteemed position as the world's primary reserve currency. But according to Lynette Zang, chief market analyst for ITM Trading, this longstanding dominance is on shaky ground. "The days of the dollar being the world reserve currency are fast coming to a close," she said in a recent interview with Stansberry Research.
Zang explained that the shift began back in 2002 when the Federal Reserve "first had to buy" U.S. debt. This act suggested that the world was either "saturated in it" or unwilling to buy "enough of the U.S. debt that we were trying to shove down everybody's throat."
'It's The Death Of The Entire Financial, Monetary And Social System'
Jing Pan Fri, August 18, 2023
This Market Expert Warns The U.S. Dollar Is Quickly Losing Its Reserve Status. Here's What She Likes For Protection
For decades, the U.S. dollar has held the esteemed position as the world's primary reserve currency. But according to Lynette Zang, chief market analyst for ITM Trading, this longstanding dominance is on shaky ground. "The days of the dollar being the world reserve currency are fast coming to a close," she said in a recent interview with Stansberry Research.
Zang explained that the shift began back in 2002 when the Federal Reserve "first had to buy" U.S. debt. This act suggested that the world was either "saturated in it" or unwilling to buy "enough of the U.S. debt that we were trying to shove down everybody's throat."
Many experts have been concerned about America's escalating debt. Fitch Ratings recently downgraded the United States’ long-term foreign-currency issuer default rating from its highest AAA rating to AA+. The credit rating agency pointed to “expected fiscal deterioration over the next three years,” a “high and growing general government debt burden” and an “erosion of governance” as reasons behind the decision.
But the dollar's status isn't Zang's only concern.
‘A House Of Lies'
In March, the collapse of Silicon Valley Bank grabbed major headlines. After the bank sold its Treasury bond portfolio, it incurred a substantial loss, causing depositors to question its liquidity and leading to a bank run. Amid this market upheaval, Silvergate Bank, First Republic Bank and Signature Bank failed as well. Even though bank failures now seem like old news, Zang believes the crisis lingers on.
"This banking crisis is not over," she said. "Maybe they’ve been able to paper over it, and so everybody is calm, and you have consumer confidence going up and all of this other kind of garbage. But it’s built on a house of lies."
Investing in real estate just got a whole lot simpler. With as little as $100, average investors are becoming landlords thanks to this Jeff Bezos-backed startup. Zang then pointed to U.S. Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell. She didn't hold back when discussing these prominent figures: "That’s what Yellen's job is, and that’s what Powell's job is... Their job is to keep the public calm and keep them inside of the system — because it is easier to steal wealth that way."
If you're seeking ways to shield yourself from this turmoil, it's worth noting that Zang has long championed gold as a protective hedge. The gold market hasn't seen any explosive moves lately. When asked what her message was for those on the sidelines, Zang’s response was unequivocal.
"I’m saying you take advantage of it and get everything in place, because we are inside of a major hurricane. There’s no doubt about it," she said. "It isn’t just the death of the dollar. It’s the death of the entire financial, monetary and social system."
To continue reading, please go to the original article here:
https://finance.yahoo.com/news/death-entire-financial-monetary-social-180841464.html