Gold's Return to the Monetary System is 'Already Happening': Matthew Piepenburg
Gold's Return to the Monetary System is 'Already Happening': Matthew Piepenburg
Commodity Culture: 3-8-2024
Matthew Piepenburg doesn't believe the U.S. dollar is going to collapse tomorrow, or that gold is making a dramatic return to the international monetary system, but he does believe that the trend of dedollarization is very real and gold's role as money is slowly but surely establishing itself right now.
Matthew also explains why silver is the speedboat and gold is the juggernaut and provides his outlook on the broad market, energy, and more.
Gold's Return to the Monetary System is 'Already Happening': Matthew Piepenburg
Commodity Culture: 3-8-2024
Matthew Piepenburg doesn't believe the U.S. dollar is going to collapse tomorrow, or that gold is making a dramatic return to the international monetary system, but he does believe that the trend of dedollarization is very real and gold's role as money is slowly but surely establishing itself right now.
Matthew also explains why silver is the speedboat and gold is the juggernaut and provides his outlook on the broad market, energy, and more.
Michael Pento: Understanding the Stakes as Bank Term Funding Ends
Michael Pento: Understanding the Stakes as Bank Term Funding Ends
Palisades gold Radio: 3-8-2024
Michael begins by focusing on the current state of the US financial system and potential risks ahead. With the bank term funding program expiring next week, there may be stress in the banking system as banks will have to repay credit received and take back their assets.
Other risks include rising unemployment rates, impacting various loan markets, and indicators such as a contraction in the manufacturing sector for 16 months, an inverted yield curve, and increasing bankruptcies.
Michael suggests that the economy is unhealthy and unbalanced, favoring the wealthy while harming the middle class and lower-income individuals.
Michael Pento: Understanding the Stakes as Bank Term Funding Ends
Palisades gold Radio: 3-8-2024
Michael begins by focusing on the current state of the US financial system and potential risks ahead. With the bank term funding program expiring next week, there may be stress in the banking system as banks will have to repay credit received and take back their assets.
Other risks include rising unemployment rates, impacting various loan markets, and indicators such as a contraction in the manufacturing sector for 16 months, an inverted yield curve, and increasing bankruptcies.
Michael suggests that the economy is unhealthy and unbalanced, favoring the wealthy while harming the middle class and lower-income individuals.
Michael feels there's potential for another liquidity crisis in the US banking system. While the Fed could implement measures like another bank term funding program, it would be problematic amid high inflation, potentially leading to higher long-term interest rates, increased borrowing costs, and a sovereign debt crisis. He argues that options for addressing a liquidity crisis are limited and any measures taken may have unintended consequences.
Mr. Pento believes we're in a bubble economy due to excessive money printing and low interest rates. Pento expects inflation to continue to rise, leading to a recession and potentially a serious bear market for stocks.
Pento discusses the relationship between gold and Bitcoin, suggesting that Wall Street and the general public have been more focused on Bitcoin due to its higher profile and influence of sponsors in financial media. He believes gold is a more reliable store of value and better hedge against inflation than Bitcoin.
Pento advises investors to pay attention to economic cycles and consider active steps for protection, like diversifying into precious metals and actively managing your investments.
Time Stamp References:
0:00 - Introduction
0:37 - Fed & Liquidity Levels
3:39 - Bitcoin Tangent
6:14 - Fed BTFP Program End
9:38 - Unemployment & Banks
11:48 - Economy & Manufacturing
14:58 - Debt, Defaults, & Problems
19:52 - Fed Inflation & Printing
25:00 - Good Intentions & Roads
27:10 - Gold Positioning & Rates
30:20 - Hype Train & Bitcoin/Gold
32:37 - Miners Vs. Physical
34:18 - Avoid Losing Money!
36:39 - Wrap Up
Talking Points From This Episode
- Bank term funding program expires shortly which may cause increased stress in the banking system as banks must repay credit and reclaim assets
. - Potential risks to financial sector include rising unemployment rates, impact on loan markets, and multiple negative indicators
. - Limited options exist for the Fed to address a liquidity crisis, and any measures taken could have unintended consequences.
Iraq Economic News and Points to Ponder Friday Afternoon 3-8-24
Iraq Economic News and Points to Ponder Friday Afternoon 3-8-24
Tlm724 Administrator Bondlady’s Corner
Trade: We Are Close To Joining The World Trade Organization
Economical 03/06/2024 Baghdad: Al-Sabah Undersecretary of the Minister of Commerce, Sattar Al-Jabri, said yesterday, Tuesday, that the issue of Iraq’s accession to the World Trade Organization is imminent, while he affirmed the current federal government’s efforts to achieve self-sufficiency and not depend on the importer.
Al-Jabri said that the governmental curriculum developed by the Iraqi government is based on a strategy to keep pace with the development taking place in the global economy, as the government signed bilateral international memorandums of understanding in the field of trade and economics. He stressed that "Iraq is seeking to enter the World Trade Organization and the issue is coming soon."
The Iraqi government official spoke about the issue of import and export, saying:
There is no trade balance between exported and imported materials, as the monetary mass was going to other countries, and
this is what the government is seeking to address. current by relying on self-sufficiency.
At the beginning of 2024, the Kingdom of Saudi Arabia announced its support for Iraq’s accession to the World Trade Organization, especially after the political obstacles that prevented it were removed.
Iraq Economic News and Points to Ponder Friday Afternoon 3-8-24
Tlm724 Administrator Bondlady’s Corner
Trade: We Are Close To Joining The World Trade Organization
Economical 03/06/2024 Baghdad: Al-Sabah Undersecretary of the Minister of Commerce, Sattar Al-Jabri, said yesterday, Tuesday, that the issue of Iraq’s accession to the World Trade Organization is imminent, while he affirmed the current federal government’s efforts to achieve self-sufficiency and not depend on the importer.
Al-Jabri said that the governmental curriculum developed by the Iraqi government is based on a strategy to keep pace with the development taking place in the global economy, as the government signed bilateral international memorandums of understanding in the field of trade and economics. He stressed that "Iraq is seeking to enter the World Trade Organization and the issue is coming soon."
The Iraqi government official spoke about the issue of import and export, saying:
There is no trade balance between exported and imported materials, as the monetary mass was going to other countries, and
this is what the government is seeking to address. current by relying on self-sufficiency.
At the beginning of 2024, the Kingdom of Saudi Arabia announced its support for Iraq’s accession to the World Trade Organization, especially after the political obstacles that prevented it were removed.
Experts: We Are Optimistic About The Country's Financial Situation
The first 03/05/2024 Baghdad: Huda Al-Azzawi Specialists in financial and economic affairs expressed their optimism about the future outlook for the country’s financial situation, and while they saw that
Prime Minister Muhammad Shiaa Al-Sudani’s statement regarding this aspect and the overall economic file is correct and consistent with reality,
they called for the continuation of steps to leave the unilateral rentier economy to a productive economy.
Advisor to the Prime Minister for Financial and Economic Affairs, Dr. Mazhar Muhammad Salih, said in an interview with “Al-Sabah”:
The basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceeded 100 billion dollars, which is the cover of the national currency, which means that there is complete coverage of cash.
The national source of foreign currency, which provides ideal stability for the exchange rate of the Iraqi dinar, in addition to the fact that these foreign reserves embody the commercial efficiency of Iraq, as these reserves cover more than 15 commercial months, while the international standard is only three months.”’
He added, "We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8%), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth."
He pointed out that "the real growth rate in Iraq's non-oil gross domestic product has touched (6%), and it reflects the growth of the activities of important sectors, most notably the reconstruction, construction and housing movement, and the development of the transport and digital communications sector, and there is a continuing movement in developing the agricultural sector thanks to government support for crops." We expect Iraq’s grain production in the next few months to reach 6 million tons.”
The International Monetary Fund Recommends That Iraq Reduce Its Dependence On Oil
Economy |03-3-2024, |Baghdad today - follow-up Today, Sunday (March 3, 2024), the International Monetary Fund recommended that Iraq reduce dependence on oil, work to increase non-oil revenues and control public spending, in order to ensure the continuation of economic reforms and achieve sustainable growth.
The final statement of the Fund’s experts at the end of the 2024 Article IV consultation mission indicated that “Iraq is expected to continue economic growth due to the expansion of public finances,” but warned of “a significant increase in exposure to oil price fluctuations in the medium term.”
The IMF said, “Greater declines in oil prices or extending OPEC+ cuts may affect Iraq’s financial and external accounts,” noting
“the risks of escalating regional tensions and their potential impact in the event of an interruption to shipping routes or damage to the oil infrastructure, leading to losses.”
“In oil production, the potential positive impact of a rise in oil prices outweighs the potential positive impact of a rise in oil prices.” He added, "Iraq needs to increase non-oil exports and government revenues, and reduce the economy's exposure to oil price shocks." ‘
The statement stated, "Iraq needs higher and more sustainable growth in the non-oil sector to accommodate the rapidly growing workforce." The IMF statement indicated that "the growth of the non-oil sector in Iraq rebounded strongly in 2023, as estimates indicate that Iraq's real non-oil GDP will grow by 6 percent in 2023 after growth stopped in 2022." https://baghdadtoday.news/243961-صندوق-النقد-الدولي-يوصي-العراق-بتقليل-اعتماده-على-النفط.html
Economists Urge Expanding Partnership With Europe
The first 03/05/2024 Baghdad: Shukran Al-Fatlawi Specialists in economic and financial affairs called for expanding the country's openness to investments with the European side, especially after the exit of European companies from long-term Russian agreements, indicating that the Prime Minister's recent visit to the Netherlands represents a gateway to this openness.
Economist Dr. Mustafa Hantoush told Al-Sabah:
There is a real opportunity for Iraq to partner with Europe, especially since the latter has had long partnerships with Russia and Ukraine in the field of energy. ‘
He pointed out that Europe is currently isolated due to recent events, noting that it is possible to exploit this partnership as an oil country and cooperate with European companies,
especially as they are looking for countries to market their products, including animal products and seeds. Hantoush pointed out that
most countries in Europe are looking for partnerships to market their products, especially with oil-producing countries, and
Iraq is one of those countries, as it has enormous oil wealth, and the country also needs their expertise in the field of livestock and seeds.
For his part, economic expert Safwan Qusay said that the recent visit of Prime Minister Muhammad Shiaa Al-Sudani to the Netherlands is a key to convincing the European investor to partner with Iraq.
https://alsabaah.iq/92903-.html
President Of The Federal Court: Iraq Is Currently Taking Steady Steps To Build The State
Politics |Yesterday, |Baghdad Today – Baghdad The President of the Federal Supreme Court, Jassim Muhammad Aboud Al-Amiri, confirmed today, Thursday (March 7, 2024), that “Iraq is currently taking steady steps to build the state.”
A statement by the Supreme Judiciary received by “Baghdad Today” stated that Al-Amiri met during his visit to Amman with Jordanian Prime Minister Bisher Al-Khasawneh and confirmed that “Iraq achieved a great victory over terrorism,” adding that “Iraq is currently taking steady steps to build the state.” He pointed out that
"Iraq is very keen to build international relations with all countries of the world on the basis of mutual respect and common interests, with the exception of the Zionist entity that is usurping Palestine."
He pointed out that "the Federal Supreme Court in Iraq seeks to cooperate with all constitutional courts for the purpose of consolidating constitutional values." Al-Amiri noted "discussing the mechanism of joint cooperation and exchanging legal expertise in order to achieve the interests of the two countries."
For his part, the Jordanian Prime Minister stressed "the special status of Iraq," stressing "the Kingdom's keenness to strengthen relations in various fields with Iraq."
Al-Alaq: Supporters Of The Islamic Banking Sector
Economical 03/07/2024 Baghdad: Al-Sabah The Governor of the Central Bank, Ali Al-Alaq, expressed his support for the work of Islamic banks, and stressed the progress of government steps to remove the obstacles that hinder the development of their work.
A press statement issued by the Association of Banks explained that Al-Alaq met with the delegation of the Iraqi Association of Islamic Banks within the framework of a serious approach and effective action to support banking work and the private sector.
He explained that the meeting included a discussion of ways to advance the vital Islamic banking sector to support the national economy, especially since many private banks were subject to the suspension of their transactions in the US dollar.
Al-Alaq indicated that the Central Bank is seeking by all means to support the banks, stressing that there are moves at a high level by the government to stop... On solutions, in addition to emphasizing professionalism and commitment to international standards.
In turn, the Executive Director of the Association, Ahmed Al-Rubaie, said:
The meeting was positive and fruitful, appreciating the efforts made by the Central Bank, especially since there are steps confirmed by the results achieved through the move to open direct communication channels for banks. Local cooperation with its foreign counterpart in correspondence and commercial exchange to find outlets for dealing in currencies other than the dollar, including the Emirati dirham, the Turkish lira, the euro, and others. https://alsabaah.iq/93064-.html
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points to Ponder on Decisions
It is the characteristic excellence of the strong man that he can bring momentous issues to the fore and make a decision about them. The weak are always forced to decide between alternatives they have not chosen themselves. - Dietrich Bonhoeffer
Alternatives, and particularly desirable alternatives, grow only on imaginary trees. - Saul Bellow
The more one does and sees and feels, the more one is able to do, and the more genuine may be one's own appreciation of fundamental things like home, and love, and understanding companionship. - Amelia Earhart
Our danger is not too few, but too many options ... to be puzzled by innumerable alternatives. - Sir Richard Livingstone
The absence of alternatives clears the mind marvelously. - Henry Kissinger
http://famousquotesandauthors.com/quotes_by_topic.html
http://famousquotesandauthors.com/topics/decisions_quotes.html
More News, Rumors and Opinions Friday Afternoon 3-8-2024
KTFA:
Frank26: "AND WHAT IS THE RESULT OF THAT... A NEW EXCHANGE RATE TO ADD VALUE TO THE NATIONAL CURRENCY"............F26
A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline
3/4/2024
The financial affairs advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Monday, that the dollar exchange rates in local markets will gradually decline .
Saleh said in an interview with Al-Ghad Press, “The demand for foreign currency to finance Iraq’s foreign trade for the private sector and government trade amounts annually to approximately 60 billion dollars .”
He added, "More than 95% of Iraq's foreign trade is financed through the compliance platform in accordance with international standards, and accordingly goods and merchandise flow into the country through the official exchange rate of 1,320 dinars per dollar ."
KTFA:
Frank26: "AND WHAT IS THE RESULT OF THAT... A NEW EXCHANGE RATE TO ADD VALUE TO THE NATIONAL CURRENCY"............F26
A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline
3/4/2024
The financial affairs advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Monday, that the dollar exchange rates in local markets will gradually decline .
Saleh said in an interview with Al-Ghad Press, “The demand for foreign currency to finance Iraq’s foreign trade for the private sector and government trade amounts annually to approximately 60 billion dollars .”
He added, "More than 95% of Iraq's foreign trade is financed through the compliance platform in accordance with international standards, and accordingly goods and merchandise flow into the country through the official exchange rate of 1,320 dinars per dollar ."
He continued, "Foreign trade depends on the parallel market at a rate of 5%," pointing out that "the percentage referred to will not affect the local market, especially after the decline in the general level of prices, which does not exceed 4 percent annually ."
He pointed out that "the current monetary and trade policy will provide a gradual reduction between the official and parallel exchange rates, especially after the banking system adapted to the rules of international trade and the principles of financing foreign trade, all of which began to serve the interest of the stability of the national economy ."
Today, Monday, the capital, Baghdad, witnessed a decline in dollar exchange rates with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 149,850 Iraqi dinars against 100 dollars. LINK
************
Clare: Distribution of approximately 6,600 plots of land among employees of the Basra Oil Company
3/8/3034 Baghdad
Today, Friday, Oil Minister Hayyan Abdul-Ghani announced the distribution of 6,598 plots of land among employees of the Basra Oil Company.
A statement from the ministry received by “Al-Iqtisad News” stated that “Abdul Ghani stressed, during the ceremony of distributing land plot bonds to a number of employees of the Basra Oil Company, the keenness of the government and the ministry to provide a free and dignified life for employees of the oil sector who continue day and night in order to sustain and increase oil production and investment.” Optimum for this wealth, in support of the national economy.”
The Minister of Oil added: “Today we have reaped the fruits of sincere efforts over the past period to obtain this large area of land in cooperation with the governorate administration and the concerned authorities to transform it into residential plots of land, and to transform the dream into reality, and ink on paper into reality on the ground, and here we are today.” We are with you to fulfill what we promised you, and we will not stop there. Rather, we are moving forward to achieve our goal for all workers in oil companies to obtain their entitlement to secure a decent life for them.”
He pointed out that “the total number of residential plots of (Al-Biban) lands that were sorted in the Shatt al-Arab district reached (6598) plots, with (120) plots that conflict with the prohibitions of electricity towers - high voltage (132) V.K. A committee is working to follow up on land ownership.” (Al-Biban) decided to resolve this by approaching the concerned authorities by asking the Electricity Department to remove the encroaching towers. The committee also approached the Shatt al-Arab Municipality to appropriate the canceled railways that pass through (Al-Biban) District, which is affiliated with the Basra Oil Company. If approval is obtained, it will be added. Approximately (420) residential plots, in addition to the completion of all real estate bonds issued in the name of the Basra Oil Company, and the First Real Estate Registration Department in Basra has expressed its readiness to receive the transactions of the beneficiaries of the Basra Oil Company.”
Abdul-Ghani noted “coordination with the Basra Governorate administration to allocate (40) thousand plots of land for distribution to workers in oil companies in the governorate,” stressing: “Since we assumed the responsibility of the ministry, we have been keen to pay attention to the segment of employees and provide them with the requirements of a decent life, especially the distribution of plots of land.” And residential complexes, and we stressed the inclusion of all workers in the oil sector in accordance with the applicable controls and contexts.”
The Minister of Oil instructed "the administrations of oil companies to expedite the resolution of the issue of lands for affiliates in coordination with the governorate administrations," indicating that he is "personally following up on this issue, which falls within the priorities of the government and the ministry."
For his part, the Director General of the Basra Oil Company, Bassem Abdul Karim, extended his “thanks and appreciation to the Deputy Prime Minister for Energy Affairs and the Minister of Oil for his efforts, endeavors and follow-up in obtaining these lands for the company’s employees,” stressing that “this represents an incentive to provide more work and giving in service of the public interest.” . LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on television talking about Iraq's financial situation. He said...we have enough reserves to back a stable exchange rate... FRANK: That's the reinstatement of your currency. That's going to be the float eventually too. FIREFLY: ...He says we are capably of many other things besides oil, our country is powerful, growing and the world knows it. FRANK: Have you noticed the only topic in Iraq is about the exchange rate of a new currency that is coming to you?
Militia Man Ministerial Council of Economics... Ministry of Planning, Industry, Trade, Central Bank of Iraq, Prime Minister, Deputy Prime Minister, advisers, all of those folks that are involved...have been knocking it out of the park themselves and showing why they are bringing Iraq to be the financial savior...The world expectations are Iraq is going to be a key component into the global financial system...When they say it's imminent that's a broadcast to the world...
TAKE ACTION NOW! Its Going From VERY BAD To MUCH WORSE Rapidly... MORE PROOF!
Greg Mannarino: 3-8-2024
It Has Begun: Banks Are Now Failing, This Is A Huge Warning For America
Atlantis Report: 3-8-2024
In the wake of the recent collapses of several regional US banks, uncertainty looms over the financial landscape of America. The root cause of this impending turmoil, has dealt a severe blow to property valuations and loan portfolios.
As smaller regional banks brace for the storm of maturing debts and dwindling asset values, the stability of the entire financial system hangs in the balance. This alarming scenario signals the urgent need for attention and action to avert a potentially catastrophic outcome.
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the Big Call tonight - It is Thursday March 7th and you’re listening to the big call - thanks for tuning in yet again, on a Tuesday or a Thursday night, this is Thursday. So we're glad you're here. And we're glad that we're getting the call out via the Sat team to the Starlink satellite system to piggyback and get it out to the world. But thank you for that. Appreciate it. Before we go to a teaching that Sue has prepared for us tonight, which is very exciting let's go ahead and pray the call in
So let's do this since it’s time for Intel - Let's recap a little bit, but not too long – I’m not going to go long - it’s short if not really, okay, we heard this morning, one of our sources called from Iraq. One of our Iraqi sources called - and I got this information about noon or so my time that Iraq was said that they were going to try to get this out to us. – meaning get the RV out over the weekend,
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the Big Call tonight - It is Thursday March 7th and you’re listening to the big call - thanks for tuning in yet again, on a Tuesday or a Thursday night, this is Thursday. So we're glad you're here. And we're glad that we're getting the call out via the Sat team to the Starlink satellite system to piggyback and get it out to the world. But thank you for that. Appreciate it. Before we go to a teaching that Sue has prepared for us tonight, which is very exciting let's go ahead and pray the call in
So let's do this since it’s time for Intel - Let's recap a little bit, but not too long – I’m not going to go long - it’s short if not really, okay, we heard this morning, one of our sources called from Iraq. One of our Iraqi sources called - and I got this information about noon or so my time that Iraq was said that they were going to try to get this out to us. – meaning get the RV out over the weekend,
They were going to do their best to push this out and get this out. Now - What's interesting about that was we had heard yesterday that if we did not get an email that gave us the green light, that email would have come from Treasury to Wells Fargo, corporate York and then down the redemption centers.
And if they if they looking for that happen yesterday, between 10 and 11 in the morning, I think we got an email later than that about 3:30 in the afternoon that was talking about you know, if they get the email that they're looking for from corporate that we would be getting started. Well, we didn't get it yesterday. We did not get it today.
But we did get information from the two sources that are totally unrelated. That said that we would be or the hearing was the scenario that you know the State of the Union address is on now. It started approximately 9pm. eastern standard time tonight – And one hour after the start of that speech -everything would be released and that would include bond holders - That would include all of tier three, admiral’s group - and us –
We would get the funds moved into the accounts that we needed to be and everything would be released – is how it was put - Everything would be released an hour after the start.
So that would be approximately “Now” - around 10 o'clock Eastern. So --- that's a really good thing and we don't know exactly – when our notifications would come - They could come over night - they might come tomorrow morning. I don't know when they're gonna come we haven't been able to ascertain that - everybody's pretty quiet.
A lot of people are under NDA gag orders and so we're just gonna let this one happen. But you know what is interesting about this International Women's Day is on the Eighth of March. That's tomorrow Friday the “8th” Who else likes the number “8” . Oh, that's right, China.
That's right. I didn't even realize it till I realized today was the seventh and what I heard, this thing would probably start around 10 o'clock tonight, which is one hour after this speech was to start tonight - and then we would get notified. I'm saying it could be overnight could be wake up tomorrow, maybe tomorrow, but we're supposed to and then get started with appointments, setting our appointments and possibly exchanges tomorrow.
I would look for that – I think that is very possible and what we do know that rates are going up on the screens. we know that these currencies are being traded on forex, we know that everything's pretty much running right along.
And we fully expect this to manifest over the weekend. So let's see what the weekend really is. Friday, Saturday, Sunday, but we did hear that – what I just said - they're supposed to initiate one hour after the start of the speech. so let's call that approximately 10 o clock - Eastern Standard Time and let's see how it comes in.
So that's really what I want to say. . So thank you so much for thanks, everybody for listening tonight. I appreciate all of you - and we will be in touch with you through the email. If we do any additional calls or podcasts that will send you as a link with your email. That's right now what I'm going to try to just believe that this is coming from, and bring it in, and then we'll see. We'll be in touch with you in a couple of weeks once things are changes are done and we can just move forward. So let's do this let's pray the call out …….
Bruce’s Big Call Dinar Intel Thursday Night 3-7-24 REPLAY LINK Intel Begins 57:00
Bruce’s Big Call Dinar Intel Tuesday Night 3-5-24 REPLAY LINK Intel Begins 1:04:40
Bruce’s Big Call Dinar Intel Thursday Night 2-29-24 REPLAY LINK Intel Begins 1:07:37
Bruce’s Big Call Dinar Intel Tuesday Night 2-27-24 REPLAY LINK Intel Begins 1:21:31
Bruce’s Big Call Dinar Intel Thursday Night 2-22-24 REPLAY LINK Intel Begins 1:05:45
Bruce’s Big Call Dinar Intel Tuesday Night 2-20-24 REPLAY LINK Intel Begins 1:02:30
Bruce’s Big Call Dinar Intel Thursday Night 2-15-24 REPLAY LINK Intel Begins 1:29:29
Bruce’s Big Call Dinar Intel Tuesday Night 2-13-24 REPLAY LINK Intel Begins 1:05:25
Bruce’s Big Call Dinar Intel Thursday Night 2-8-24 REPLAY LINK Intel Begins 1:10:00
Bruce’s Big Call Dinar Intel Tuesday Night 2-6-24 REPLAY LINK Intel Begins 1:03:30
Goldilocks' Comments and Global Economic News Friday AM 3-8-24
Goldilocks' Comments and Global Economic News Friday AM 3-8-24
Good morning Dinar Recaps,
Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0.
As one door closes, another door opens. Hong Kong has a market capitalization of over 30 trillion dollars. While the United States has over 46 trillion dollars in market capitalization, the move to make trades in local currencies on a level playing field utilizing a gold standard protocol inside a digital economy backed by gold will go a long way in bringing more monetary value to the Eastern half of our world.
Goldilocks' Comments and Global Economic News Friday AM 3-8-24
Good morning Dinar Recaps,
Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0.
As one door closes, another door opens. Hong Kong has a market capitalization of over 30 trillion dollars. While the United States has over 46 trillion dollars in market capitalization, the move to make trades in local currencies on a level playing field utilizing a gold standard protocol inside a digital economy backed by gold will go a long way in bringing more monetary value to the Eastern half of our world.
Mainland China is Hong Kong's largest trading partner. The newly launched “HKD-RMB Dual Counter Model” will see an initial 24 companies start offering Yuan counters. This will allow investors in Hong Kong to trade in the Yuan.
The line in the sand has been drawn, and today, we are about to witness countries begin to cross them.
© Goldilocks
Digital Pound Foundation
Adleman.USC Edu
Ledger Insights
HKEX
CNBC
Investopedia
~~~~~~~~~~
What Happens To Gold If China Backs The Yuan With It? (GLD). The simple answer is that it will rise.
Our new digital economy backed by commodities through tokenized assets is giving countries like China and opportunity to forge new pathways into countries like Hong Kong never seen before in history.
New Hopes and New Visions in the trading world is creating an entrepreneurial spirit. The realization that new paths can be formed through a new digital economy is inspiring new moves in Global Trade not seen before.
Digital Gold is the bridge into these new bilateral relationships countries are beginning to form on the Eastern half of our world. Markets BusinessInsider Finance Yahoo
All roads lead to gold, and gold will set us free.
© Goldilocks
~~~~~~~~~~
Update:
We have an update on Stellar Soroban Phase 2 test. It is complete.
Protocol 20 is about to move into high gear at this point.
* Upgrade on Pubnet March 12th
* Validator vote March 19th
* If all goes well, everything will move to public use
~~~~~~~~~~
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How BRICS Will Launch their New GOLD-BACKED Currency System: Awake-In-3D
How BRICS Will Launch their New GOLD-BACKED Currency System
On March 3, 2024 By Awake-In-3D
The BRICS Alliance is spearheading a transformative agenda aimed at recalibrating the world’s financial system.
This movement seeks to shift away from the prevailing dominance of Western fiat currencies, notably the US dollar, towards a more equitable system underpinned by tangible assets such as gold and commodities.
The reasons driving this shift are many, encompassing a desire for financial stability, equitable global development, and resilience against unilateral sanctions and economic policies perceived as unsustainable.
How BRICS Will Launch their New GOLD-BACKED Currency System
On March 3, 2024 By Awake-In-3D
The BRICS Alliance is spearheading a transformative agenda aimed at recalibrating the world’s financial system.
This movement seeks to shift away from the prevailing dominance of Western fiat currencies, notably the US dollar, towards a more equitable system underpinned by tangible assets such as gold and commodities.
The reasons driving this shift are many, encompassing a desire for financial stability, equitable global development, and resilience against unilateral sanctions and economic policies perceived as unsustainable.
Foundation of the BRICS Asset-Backed Financial Vision
At the heart of the BRICS strategy is the development of a new financial and currency system that diverges from the fiat currency model, which is primarily based on government credit and often subject to inflationary pressures.
Instead, BRICS proposes a system grounded in tangible assets.
This initiative is not merely a response to the economic imbalances and vulnerabilities inherent in the fiat system but also a strategic move to reassert sovereignty over national financial affairs and reduce dependency on Western financial institutions.
The proposed BRICS currency would be dual-backed: by the national currencies of the member states and by a basket of commodities, including gold.
This approach aims to provide a stable and reliable means of exchange that reflects the real economic output and reserves of the participating nations.
The introduction of such a currency is predicated on international law and mutual agreements among the interested countries, ensuring a foundation of legitimacy and mutual benefit.
How Would this New Financial and Currency System Roll Out?
The implementation of this new financial system involves several key steps. Initially, the system will focus on the BRICS nations and potentially include members of the Shanghai Cooperation Organization (SCO).
The infrastructure is already partially in place, with mechanisms such as Russia’s SPFS (System for Transfer of Financial Messages) serving as alternatives to Western systems like SWIFT.
The digital form of the new currency is crucial for reducing transaction costs and enhancing accessibility outside the conventional banking system.
Central to the system’s success will be the establishment of a stable exchange mechanism, supported by a mathematical model to ensure its sustainability.
This requires the collaboration of central banks within the BRICS nations to approve and adopt the currency for international trade, along with the creation of digital national currencies that can be used seamlessly in cross-border transactions.
What are the Challenges in Launching the New Currency System?
However, the realization of this ambitious plan faces several challenges. First and foremost is the need for a political consensus within and between the BRICS countries and their partners.
The reluctance of some central banks and government officials, still aligned with the traditional IMF paradigm, poses a significant hurdle.
Furthermore, the task of establishing a new pricing mechanism for commodities, free from Western speculation, requires extensive coordination and the creation of new international legal frameworks.
Another critical challenge is the reformation of existing financial institutions like the New Development Bank (NDB) to support the new currency system.
This involves a shift in operational structures away from dollar-centric fiat models towards those that can accommodate and foster the growth of the new BRICS currency.
Will this New BRICS Financial System Trigger a GCR?
Should the BRICS nations overcome these obstacles and successfully implement their plan, the impact on the global financial system could be profound.
A stable, asset-backed currency system would provide a viable alternative to the fiat currency model, potentially leading to a “Global Currency Reset.”
This reset would challenge the current dominance of Western currencies and financial institutions, offering countries around the world a more stable and equitable means of conducting international trade and finance.
Such a shift could herald the return of a sound global financial system, less susceptible to manipulation by central bank policies and more reflective of the actual economic values of nations.
It would also establish a level playing field for global purchasing power, fostering a more balanced and fair international economic order.
In conclusion, the BRICS initiative to develop a new financial and currency system represents a bold step towards reshaping the global economic landscape.
The System Rollout Plan: Step-by-Step
Step 1: Agreement and Legal Framework
The process begins with an agreement among interested countries, underpinned by international law, to create a new currency. This foundational step ensures the legitimacy of the currency from the outset.
Initially, not all countries would be included. A focus on BRICS nations, possibly expanded to include members of the Shanghai Cooperation Organization (SCO), would suffice.
Step 2: Infrastructure Development
The development of necessary financial infrastructure is crucial. For Russia, for instance, this includes their own SWIFT-like payment system (SPFS), currency exchange mechanisms, and established correspondent relations between banks.
Step 3: Currency Composition
The new currency would be based on a dual-basket system. One basket would contain the national currencies of all participating countries, similar to the IMF’s Special Drawing Rights (SDR) but with more transparent criteria. The second basket would comprise commodities.
The new currency would function as an index of commodities and national currencies, backed by a mechanism for reserves to ensure stability and convenience.
Step 4: Digital Currency Implementation
The currency should be introduced in digital form to facilitate transactions outside the traditional banking system, significantly reducing transaction costs.
Approval from all Central Banks involved is necessary for the currency to be used as a transaction instrument.
Step 5: Price Mechanism and Stability
A new mechanism for price formation that eschews Western commodity exchanges is essential. This would involve a return to a system of long-term agreements and stable price formulas based on supply and demand, similar to practices during the Soviet Union era.
Legislation to make commodity trading through exchanges mandatory for transparency and to counter speculative price manipulation.
Step 6: Political and Financial Institution Support
The proposal for the new currency and financial system needs to be formally included in the agenda of BRICS summits, requiring political will and support.
The New Development Bank (NDB) could play a pivotal role in organizing international conferences and drafting international treaties to support the currency’s introduction, pending an internal reorganization to align with this new mandate.
Supporting reference: https://sputnikglobe.com/20240228/rocky-road-to-dedollarization-sergei-glazyev-interview–1117034183.html
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https://ai3d.blog/how-brics-will-launch-their-new-gold-backed-currency-system/
"Tidbits From TNT" Friday 3-8-2024
TNT:
Tishwash: For the first time in 17 years, inflation has decreased in Venezuela
The consumer price index recorded a slight decline in February in Venezuela, the first monthly decline in 17 years, according to a non-governmental observatory.
Consumer prices fell by 0.5 percent between January and February, according to the Venezuelan Financial Observatory, which has become a reference for public finance figures in light of the scarcity of official statistics and the discrepancy between them.
But annual inflation remained at 85 percent, which is one of the highest rates in the world.
The observatory explained that the decline in consumption was one of the reasons for the monthly decline in inflation in Venezuela, which has suffered in recent years from high levels of inflation and a severe economic crisis that led to widespread waves of migration.
He pointed out that food prices fell by 3.1 percent in February as stores reduced them in an effort to attract consumers.
TNT:
Tishwash: For the first time in 17 years, inflation has decreased in Venezuela
The consumer price index recorded a slight decline in February in Venezuela, the first monthly decline in 17 years, according to a non-governmental observatory.
Consumer prices fell by 0.5 percent between January and February, according to the Venezuelan Financial Observatory, which has become a reference for public finance figures in light of the scarcity of official statistics and the discrepancy between them.
But annual inflation remained at 85 percent, which is one of the highest rates in the world.
The observatory explained that the decline in consumption was one of the reasons for the monthly decline in inflation in Venezuela, which has suffered in recent years from high levels of inflation and a severe economic crisis that led to widespread waves of migration.
He pointed out that food prices fell by 3.1 percent in February as stores reduced them in an effort to attract consumers.
Other factors include a slight improvement in the value of the Venezuelan bolivar against the US dollar, the injection of foreign currencies into the economy by the central bank, and a decline in the printing of banknotes.
Venezuela is preparing for presidential elections on July 28, during which Nicolas Maduro is likely to seek a new term while excluding his most prominent opponents from running.
British action to support its former colony... and Venezuela: a provocation.
Washington lifted part of the economic sanctions it imposed on Caracas after the government and the opposition agreed to hold elections this year. This allowed the American company Chevron to resume limited oil extraction operations in an attempt to keep oil prices controlled globally at a time when Western countries imposed sanctions on Russia due to the war in Ukraine.
However, the exclusion of opposition leader Maria Corina Machado from running in the presidential elections prompted Washington to re-impose some punitive measures on the Maduro government. link
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Tishwash: Iraq seeks to achieve economic integration among the countries of the region
The Minister of Transport, Razzaq Muhaibas Al-Saadawi, confirmed today, Thursday, that Iraq seeks to achieve economic integration between the countries of the region.
The Ministry stated in a statement received by Al-Iqtisad News Agency, “The Minister of Transport headed a high-level government delegation to the United Arab Emirates to discuss the field experience in applying governance and digital systems to the process of transporting goods by the transit system.”
She added, "The Minister held a meeting with the Minister of Energy and Infrastructure of the United Arab Emirates, Suhail Al Mazrouei, the Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, and Captain Mohammed Juma Al Shamsi - Managing Director and CEO of Abu Dhabi Ports Group, to discuss partnership, mutual cooperation, and areas of common interest." In the transportation sector.
She continued, "Al-Saadawi discussed with Emirati officials the field experience in applying governance and digital systems to the process of transporting goods via the transit system, and the merits of the Development Road Project and its economic importance to Iraq, the region, and the world."
Al-Saadawi reviewed, according to the statement, “the strategic projects undertaken by the Ministry of Transport, especially the development road project,” explaining that “the transport sector file tops the list of priorities of our Iraqi government,” as it constitutes a measure of the progress and renaissance of nations and societies, which has necessitated us to find plans. Strategy, policies and projects that allow the development of this vital sector, most notably the development road project, which will constitute a qualitative transition in the economic and commercial reality, and will transform Iraq into a major station for trade between Asia and Europe.”
He expressed, “The Ministry seeks, through the development path, to achieve economic integration between the countries of the region, by facilitating the movement of goods and services, and in a way that provides a favorable environment to achieve higher levels of productive and economic integration,” indicating that “the development path, with its various projects, will be a stone.” “The corner for a sustainable economy, through which we aspire to build a regional partnership that contributes to the success of this strategic project for the region and the world, by taking advantage of the distinguished geographical location of our country, which connects the Asian continent with the European continent.”
He noted that "the field experiences in working on this development road project put us in front of many challenges, which Iraq has come a long way in overcoming and meeting the requirements of this project."
He concluded his speech by saying, “We hope to advance the wheel of work, coordination and cooperation between the two brotherly countries towards achieving sustainable development and responding to the growing social, economic and environmental requirements.”
In turn, the Minister of Energy and Infrastructure said, according to the statement, “Our meetings with our brothers in the Republic of Iraq have always resulted in a strong desire to advance relations between the two sides to more distinguished levels. Our meeting represents an advanced step in strengthening the leadership of our two countries on the regional and global arenas, and reaching “The transport and logistics services sector will reach the highest levels of competitiveness and attractiveness, by enhancing the exchange of knowledge, experiences and best practices, which contributes to achieving progress and prosperity for the two brotherly peoples.”
While the UAE Minister of State for Foreign Trade stressed, “The leadership of the UAE attaches great importance to activating work with our brothers in the Republic of Iraq and enhancing economic openness between the two countries and cooperation in areas of joint work. There is no doubt that today’s meeting is of special importance, as more investment opportunities and ways to enhance Economic relations and increasing the volume of trade exchange between the UAE and Iraq link
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Tishwash: Hanoun: We will unveil huge corruption files involving major figures
The head of the Integrity Commission, Haider Hanoun, confirmed today, Friday, that “the files at the Commission include major figures, indicating that the Commission is working on all corruption files.”
The head of the Integrity Commission, Haider Hanoun, said: “The Commission will present, next Sunday, its annual report on the Integrity Commission’s achievements for the year 2023, and each of the Commission’s directors will release the achievements of his department.”
He pointed out that "the Integrity Commission is not only an investigations department, but rather multiple and large departments and specializations, and is responsible for combating corruption from beginning to end, including procedures, investigative files, prevention, financial disclosure of officials, transparency, and cooperation with investigative journalism."
He added, "The existing files include major figures, and the Commission is working on all corruption files," stressing, "Holding the corrupt to the fullest extent of accountability at this stage."
He continued: “The Commission completes the corruption files and evidence and sends them to the judiciary, and the investigating judge takes over the file after the file turns into a criminal case supervised by the investigating judge, and then permission is taken from the investigating judge for arrest, referral, conviction, or recruitment, and all of them are judicial rulings that we work on.” link
Mot: . Spring is Right round da Corner - It’s that time again sharpen those chain saws
Mot: ... Yah!!! - Sundays da Day!!!!
6 Smart Hiding Spots for Your Emergency Cash
6 Smart Hiding Spots for Your Emergency Cash
Life savings ready to to be buried in the back yard.
Those who keep extra money, like an emergency fund, in their homes may be curious about some of the best spaces to store it. Since traditional savings vehicles like high-yield savings accounts are not applicable in this situation, those in possession of excess funds need to get creative with where they keep this money.
Consider stashing your emergency cash into some of these clever spots.
Fake Personal Items
This is a helpful tip for those traveling overseas as well as those seeking hacks for keeping their money safe at home. Consider fake personal items, like the following, to discreetly store any emergency funds:
A hairbrush. Use a round hairbrush with a hollowed-out middle and store cash inside the brush.
6 Smart Hiding Spots for Your Emergency Cash
Life savings ready to to be buried in the back yard.
Those who keep extra money, like an emergency fund, in their homes may be curious about some of the best spaces to store it. Since traditional savings vehicles like high-yield savings accounts are not applicable in this situation, those in possession of excess funds need to get creative with where they keep this money.
Consider stashing your emergency cash into some of these clever spots.
Fake Personal Items
This is a helpful tip for those traveling overseas as well as those seeking hacks for keeping their money safe at home. Consider fake personal items, like the following, to discreetly store any emergency funds:
A hairbrush. Use a round hairbrush with a hollowed-out middle and store cash inside the brush.
Empty lip balm tubes. Do you need to tuck a tiny bit of cash somewhere safe? Store it inside an empty lip balm tube. Try a sunscreen lotion tube or an empty shaving can if you need a larger container for your savings. Always make sure the tubes are cleaned out before use!
Feminine napkins. Carefully open a sanitary napkin and hide folded money inside it. Then, fold it all back up and re-stick the sticker in place. These items are seldom, if ever, suspected for hiding excessive amounts of cash.
Remember, though: When storing emergency cash in fake personal items, keep the items tucked away in places you won’t forget.
The Bathroom
When it comes to hiding emergency cash, there are a number of hidden spaces inside your bathroom where the money can be easily stashed.
One of the most common is the toilet’s water tank. Seal your emergency cash into a jar or another watertight container to ensure it doesn’t get wet and store it carefully inside. A toilet’s water tank also makes for a great place to store other valuable items beyond emergency cash, like jewelry or stock certificates. (Again, we can’t stress enough the importance of storing these items into watertight containers.)
Where else in the bathroom can you hide emergency cash? Have you tried using your toilet spring bar? The spring bar is what holds your toilet paper roll in place. Carefully take it apart, roll up extra money, put it inside and reassemble into place.
Fake Electrical Outlets
It’s becoming much more popular for homeowners to construct fake infrastructure in their homes where you can hide emergency cash inside.
To Read More Go to the Original Article Here:
https://www.gobankingrates.com/money/financial-planning/hidden-places-to-stash-your-emergency-cash/
News, Rumors and Opinions Friday AM 3-8-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 8 March 2024
Compiled Fri. 8 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors:
Thurs. 7 March A high up Source said we would get notification sometime over the weekend.
Tues. 5 March Ginger Q & A: Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.”
Mon. 4 March Frank26: “The IQD is going through a phase where it’s being traded internationally on the Forex private side, live. In Jan it was trading at $2.60, last month $2.63 or so, Sunday $2.70, this morning $2.79 and 2pm today $2.84 and just before he got on it was at $2.87. This is a trend that’s going through the reinstatement phase to get to $3.22 (for an expected International Rate).”
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 8 March 2024
Compiled Fri. 8 March 2024 12:01 am EST by Judy Byington
Global Currency Reset: (Rumors:
Thurs. 7 March A high up Source said we would get notification sometime over the weekend.
Tues. 5 March Ginger Q & A: Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.”
Mon. 4 March Frank26: “The IQD is going through a phase where it’s being traded internationally on the Forex private side, live. In Jan it was trading at $2.60, last month $2.63 or so, Sunday $2.70, this morning $2.79 and 2pm today $2.84 and just before he got on it was at $2.87. This is a trend that’s going through the reinstatement phase to get to $3.22 (for an expected International Rate).”
Tues. 5 March MarkZ: “I have a lot of sources expecting it to break loose in the next days. I would not be surprised to see it before we reach the weekend.
~~~~~~~~~~
Thurs. 7 March 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
This morning a source from Iraq said that Iraq would get the RV out to us over the weekend.
Another source said that one hour after the start of the State of the Union speech Thurs. evening everything would be released: Bond Holders, Admirals Group and Tier4 funds would be released.
Notifications could come at any time. Exchanges could start tomorrow Fri. 8 March.
~~~~~~~~~~~
Global Financial Collapse
Wed. 6 March Bank of America Issues Warning of US Dollar Collapse. The US national debt is growing by $1tn every 100 days since 2023, Bank of America has shockingly revealed. The uncontrolled debt could lead to a financial disaster wreaking havoc not only in the US but across the world. Keeping the US dollar in reserves is now seen as a threat by other countries – that could undo years of financial stability.
Thurs. 7 March New York Community Bank Bonds ($NYCB) were now down 45% so far today on the Stock Market and trading has been halted for news pending. Bank Runs Imminent? NYCB Trading Halted, Seeks Emergency $1 Billion In Funding. https://en-volve.com/2024/03/06/bank-runs-imminent-nycb-trading-halted-seeks-emergency-1-billion-in-funding-we-told-you/
Thurs. 7 March US bank profits fell 44% in the fourth quarter of 2023. The Federal Deposit Insurance Corporation (FDIC) says the banking industry continues to face “significant downside risks.” In particular, office space and other types of CRE loans are subject to monitoring. The FDIC also added eight banks to its list of “troubled banks,” bringing the total assets of these troubled companies to $66.3 billion.
Thurs. 7 March: https://beforeitsnews.com/prophecy/2024/03/new-kirk-elliots-warning-banking-collapse-imminent-brace-for-impact-2550364.html
https://dinarchronicles.com/2024/03/08/restored-republic-via-a-gcr-update-as-of-march-8-2024/
***********
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Economic experts on television saying Iraq has a lofty exchange rate to uncover... FRANK: Do you understand the word lofty? ...The word lofty means at its highest, at a pinnacle. They are telling you they have an exchange rate they are about to give you that will be lofty for your currency and for you...that is the opposite of a program rate...
Walkingstick [Bank Friend #1 Update - He owns 7 banks, 2 in Jordan] He had to put his banks on alert. The alert was, you will be receiving equipment...These machines are for the purpose of counting and sorting the lower notes because the older machines are only for the three zero notes.
Are Central Banks' Steering Us To Crisis?
Lynette Zang: 3-8-2024
Today, Lynette delves into the complexities of Basel III and its profound implications for the economy. Join her as she unravels the intricacies of this regulatory framework, discussing the risks and opportunities it presents amidst the shifting dynamics of global finance.
Thoughts From Ariel : "Iraqi Dinar" 3-7-2024
Ariel : Iraqi Dinar
People it’s really this simple. If Iraq original exchange rate in the 80s was 3.00. And they told their citizens they want to go back to a previous era or prosperity they are obviously not referring to any current exchange rate.
This is not something you have to pray, hope, and wish for. You are hearing this from the economists, governors, and finance deputies.
They just announced they have completed all requirements to join the WTO. And an announcement of their accession is imminent.
Ariel : Iraqi Dinar
People it’s really this simple. If Iraq original exchange rate in the 80s was 3.00. And they told their citizens they want to go back to a previous era or prosperity they are obviously not referring to any current exchange rate.
This is not something you have to pray, hope, and wish for. You are hearing this from the economists, governors, and finance deputies.
They just announced they have completed all requirements to join the WTO. And an announcement of their accession is imminent.
They want to come out strong because they have an entire country to rebuild. 1 dollar is not going to do the trick. 2 dollars will get them by but not enough to transform the country. 3.00 will do the trick.
Even if they come out at 2.70 they are 30 cent shy which will move up very quickly to the 3:1 range.
https://dinarchronicles.com/2024/03/07/ariel-prolotario1-iraqi-dinar/
Ariel: The Lockdowns:
Is This Where We Are Going?
Avoiding Unnecessary Travel?
Stocking Food & Water (Other Essentials)?
Fortifying Windows & Doors (Other Entry Points)?
Emergency Channels (Instructions & Guidelines)?
Emergency Planning (Communication, Evacuation Routes, Meeting Points, etc)?
Cooperating With Law Enforcement & Military Personnel?
People listen whatever or however things go down just remain vigilant and resourceful. Get in contact with your family, friends, or associates. Because what is coming I am sure will be on the heels of the upcoming banking collapse that is coming up from March 17 to March 26th. When you look back at the announcement from the Federal Reserve.
Because in order for Iraq to reinstate their currency the fiat USD would have had to go on a significant slope. This is nothing to really be concerned about as we are transitioning to a system that works for you instead of against you.
The Gold Standard will be our new way of life. We will no longer be under this parasitic soul sucking leech. So we should really look forward to this. I’m sure there will be some pretty big parties in the future when all of this is official.
https://dinarchronicles.com/2024/03/07/ariel-prolotario1-the-lockdowns/