Zimbabwe and Indonisian News posted by TNT Members 4-5-2024

TNT:

Harambe:  Zimbabwe central bank says it has assets worth 2.5 tons of gold | Voice of America 4/4/24

On the eve of the anticipated rollout of a new gold-backed currency, Zimbabwe's central bank announced Thursday that it has the equivalent of 2.5 tons of gold reserves.

Speaking in Harare after seeing the assets of the Reserve Bank of Zimbabwe, John Mushayakarara, the new bank’s governor, told President Emmerson Mnangagwa – whom he addressed as H.E., for his excellency – that the bank’s balance sheet was healthy, with reserves of gold and other minerals worth $175 million.

“I have taken over the control of the central bank," Mushayakarara said, "and one of the things I had to do upon taking over was to verify the assets that the central bank holds. And this morning I showed H.E. the gold that is in the vaults, and I can confirm that we have in the vaults at the central bank 1.1 tons of gold.

"We also have other minerals – diamonds and so forth. If converted to gold, [they would] be equal to 0.4 ton of gold. We have other gold which is held offshore. It is worth 1 ton of gold.”

On Friday, Mushayakarara is expected to announce the introduction of a gold-backed currency to replace the worthless local dollar, which is currently trading at around 30,000 to one U.S. dollar and, unlike the South African rand, does not circulate in neighboring countries.

This was the first time in recent memory that the central bank gave an accounting of its gold and mineral assets. Mnangagwa said he was happy to physically see the assets that outgoing Reserve Bank of Zimbabwe Governor John Mangudya handed over to Mushayakarara.

Responding to a question from journalists about whether the country had enough gold to back its anticipated new currency, Mnangagwa said, “Let me assure you that my government does not work on rumors. We work on facts. Rumors can continue flying, but you have been able to come here and see facts for yourselves. So you should compare the facts you see today and the rumors you hear in the streets.”

The press conference generated much debate on social media, with some saying the country’s gold reserves were being looted. One businessman allied with the ruling Zanu-PF party, Pedzisayi Sakupwanya, said he delivered 13 tons of gold to the central bank last year.

Zimbabwe has introduced and abandoned at least five currencies since independence in 1980, all of which lost value to become almost worthless. It remains to be seen how well the new gold-backed currency is accepted by the public, and how it trades against the dollar and the South African rand.

 https://www.voanews.com/a/zimbabwe-central-bank-says-it-has-2-5-tons-of-gold-reserves/7557328.html

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Tishwash:  could this be smoke before the fire? hmmmmm

Pictures of 'new Indonesia banknotes' shared online not legal tender: central bank

Indonesia's central bank have considered for years to change the country's banknotes by dropping three zeroes from the rupiah, but a video viewed hundreds of thousands of times online does not show new money in circulation in March 2024. Images in the clip appearing to show banknotes were taken from a January 2013 news report that illustrated what the new rupiah could look like. They were not legal tender, according to Bank Indonesia.

The video, which appeared to show three banknotes with the value of 20, 50 and 100 rupiah, was viewed more than 43,000 times in a TikTok post from March 16, 2024.

The post claimed to share the "latest" update from Bank Indonesia, the central bank that has sole authority to issue money in the archipelago. The Indonesian-language caption said in part: "New Money 2024".

A male narrator could be heard in the video saying: "Bank Indonesia officially issued new money or rupiah notes of 1,000 to 100,000 rupiah." He added the central bank removed three zeroes in the new money.

Screenshot of the false post, taken on March 27, 2024

Indonesia's finance ministry and the central bank have for years been considering to "simplify" the national currency by removing three zeroes from the rupiah in a practice called redenomination (archived links here and here).

The same video was viewed more than 771,000 times in similar posts on TikTok and SnackVideo here and here.

The image of the purported new money also previously circulated on Facebook in 2020.

However, the video shows illustration designs for Indonesian money presented in 2013.

Not legal tender

Bank Indonesia clarified in a post on social media platform X on March 17, 2024 that the video was a "hoax" (archived link).

"The video circulating is definitely not from Bank Indonesia," it said. "The visuals presented in the video are definitely not the official rupiah circulated by Bank Indonesia."

The bank added it had not started the redenomination process for the rupiah. "The redenomination implementation still needs to see the right momentum and it will not be carried out in the foreseeable future," it said.   link

Coffee with MarkZ, joined by Dr. Scott Young. 04/05/2024

​ Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Coffee with MarkZ, joined by Dr. Scott Young. 04/05/2024

Member: Good morning Roller Coaster Friends -- Who has their arms up?

Member: Another week has just flown by……with nothing happening.

Member: Praying this is the weekend we have been waiting for. –Any RV news Mark?

MZ: I’m with you about this weekend. Either way I feel doggone good about April.

MZ: I am getting a lot of chatter from the bond side. I heard that its taking the bond side longer than they thought to wrap up the paperwork ect….I don’t know if that has any effect on our timing.

MZ: A lot of people have been told its coming- It’s coming for so long that they don’t jump anymore when told its time for things……..now suddenly it appears its time for things – so a bit of scrambling going on.

Member: The boy who cried wolf…did it so many times that no one believed him anymore…..until it was real and too late.

Member: Better to be prepared for something that doesn’t happen then to not be prepared when it does

MZ: “Fiscal Collapse Accelerates”  This is a great article. We are quickly running over the fiscal cliff.

MZ: “City officials say to get cash now as ATM’s could go down during the eclipse”  I’ve heard from many people they tried to get cash from ATM’s and they are empty. It’s a concern for a couple of days.

Member: Some states are having a State of Emergency because of the eclipse. I think the Eclipse can be the event we're waiting for to exchange.

Member: Are redemption center folks working this weekend?

Member: Anything on Groups in Reno?

Member: Did anyone get fines and Penalties paid?

Member: Any news on CMKX or Prosperity Packages?

Member: Any news from Iraq….are they still expecting the RV at any time?

Member: Ramadan ends on Mon. The same day as the solar eclipse – and then eid El Fidr starts for a few days……maybe that’s our RV timing – as soon as Ramadan ends?

Member: Will Regions bank be participating in exchanges?

MZ: I have heard they will be participating…..They may have partnered with a tier 1 bank just for this.

Member: Good morning MarkZ. Can you do a simply recap of what Sheila shared from your understanding? It was so difficult to understand.

Member: What did Sheila say about the Bolivar last night ?

Member: I heard her say it will increase in value over time.

Member:  Happy birthday to those celebrating and prayers for those in need

Thanks Mark, Mods and Dr. Scott. Everyone have a great day.

Dr. Scott and CBD Gurus join the stream today. Please listen to the replay for their information and opinions.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

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"Tidbits From TNT" Friday Morning 4-5-2024

TNT:

Tishwash:  The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bank of Iraq.

1000 ATMs will be installed by end of year across all provinces in KRG

The registration process for Kurdistan Regional Government (KRG) salaried employees in the "My Account" project continues, with the number of registrations reaching 260,000 people. Additionally, 153,000 cards have been issued to those registered.

Approximately 1,000 ATMs will be installed across all provinces, districts, and areas of the Kurdistan Region of Iraq (KRG) by the end of 2024, as announced by the Kurdistan Regional Government (KRG) Media and Information Office on Thursday.

The number of banks participating in the project is steadily increasing, including BBAC, IIB, CIHAN, RT, and NBI, all of which are recognized and approved by the Central Bankof Iraq.

As a pilot initiative last year, employees of Erbil Maternity Hospital received their salaries through "My Account."

At the conclusion of last year, the colleges of arts, agriculture, and science at Salahaddin University began receiving salaries through "My Account."

Some of the project's services include:

1. Access to hundreds of ATMs to withdraw all user funds at once for free.

2. Available equipment for 24-hour use, allowing employees to withdraw money at their convenience.

3. Access to various bank loans and advances.

4. Use of debit cards for online purchases and Point of Sale (PoS) transactions.

5. Secure and safe money transfers domestically and internationally.

6. Access to the bank's mobile application to monitor account activity and receive mobile notifications upon salary deposits.  link

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CandyKisses: Sudani's visit to Washington. Iraqi insistence on removing the occupier

Information / Baghdad...

Amid assurances that there is an active and serious move by the government and its negotiating delegation with the so-called international coalition to end its presence in Iraq, the Iraqis insist on removing these forces or returning to resisting the American occupier.

The visit of Prime Minister Mohammed Shia al-Sudani to Washington may be a gateway to ending the US combat presence in Iraq or it may fail if Washington insists on keeping its forces on Iraqi soil, which will give the green light to the Islamic resistance to Resume its operation against the foreign occupier.

In order to explain the most important files that the Sudanese will carry with him to Washington, MP for the Sadiqoun bloc, Muhammad Karim, says that "the prime minister will discuss the file of arming the army, and the development of Iraq's air defenses, In addition to the file of removing the US combat forces.

Karim added that "America will try to impose some files during the next visit, while the governments enjoy political and parliamentary support in moving towards making fateful decisions during the negotiating round, which will begin in the middle of next month, although the government has come a long way in negotiations through the joint committees formed by the two parties."

On the other hand, former MP Ahmed Ali stressed that "the attacks carried out by America on the headquarters of the Iraqi factions represent a violation of the agreement between Baghdad and Washington."

He told Al-Maalouma that "the factions announced their commitment to government decisions to resort to a diplomatic solution to remove US forces."

He pointed out that "the government is past in the file of the exit of Americans from Iraq, and the visit of the Sudanese has put this file among the priorities in the talks that will be held with Biden."

In the same context, Hussein al-Karawi, head of the organizing body of the popular movement for the Belt and Road, said that "the experience with America confirms that its forces will not leave Iraq peacefully.

Al-Karawi told Al-Maalouma that "Washington seeks not to empty the Iraqi arena of the military presence of its forces, so these forces will not leave Iraq without the resistance carrying out jihadist actions to end their presence on Iraqi territory and force them to leave."

Iraqi Prime Minister Mohammed Shia al-Sudani said he wanted a "quick and ordered exit" of the US-led international coalition forces from Iraq amid mounting demands that US forces do not remain in Iraq.

"Let's agree on a time frame (for withdrawal) that is quick so as not to prolong the existence and the attacks continue," al-Sudani said in an earlier interview with Reuters news agency, noting that the only way to avoid a regional escalation is to stop the war in Gaza.

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Tishwash:  After Saudi Arabia, Iraq ranks second among the five oil-producing countries in the region - Urgent

BP statistics in the last two decades show that the tightening of sanctions against Iran and the increase in Iraqi oil sales have pushed Iraq to assume the position and market of Iranian oil in the region.

When talking about the Iranian economy, oil is considered one of the most important variables that must be examined. This black gold has affected the economy such that with the flood of its sales in global markets, the Iranian economy is witnessing great prosperity, and with the decline of its sales, it is on the path to recession.

Studies have previously pointed out the importance of oil revenues and the difference in oil sales statistics from three reliable sources, and the reason for this difference has been discussed in detail.

Iraq, Saudi Arabia, the Emirates, and Qatar are leading countries in the oil industry in the region, similar to Iran. Today, if we want to see the performance of Iranian oil sales compared to these countries, we must take a look at the oil sales statistics and examine them carefully.

This report, prepared by the “Aquairan” economic website, reviews Iran’s share of oil sales in the past two decades.

Iraq is at the forefront

Oil statistics provided by British Petroleum (BP) show that since 2004, Iran has become the second oil exporting country among these five oil countries after the Kingdom of Saudi Arabia. This year, Saudi Arabia’s oil exports reached 6 million and 800 thousand barrels per day, while it reached Iran's exports are 2 million and 700 thousand barrels.

At that time, Iraq was the fourth largest oil exporter among these countries and sold only 1.5 million barrels of oil per day.

Over time, Iran continued to maintain its position among these five countries until 2011, but Iraq's exports did not remain constant as was the case in Iran, but rather rose to reach 2 million and 400 barrels of oil per day.

In 2011, with the beginning of the series of oil sanctions on Iran, Iranian oil sales suddenly suffered a severe blow, and this blow continued, even after the nuclear agreement in 2015, as Iraq ranked second in the region and Iran fell to fourth.

The positive impact of the JCPOA on the Iranian oil market contributed to Iran’s oil export position rising by one point among the five countries and reaching third place in 2017, but this success was short-lived. With Trump's accession to American power and his withdrawal from the nuclear agreement, as well as the beginning of the Corona pandemic, Iran declined again in 2021, and ranked third with a daily export of 1.9 million barrels.

This comes at a time when, in that year, Iraq exported 3.4 million barrels of oil per day and ranked second after Saudi Arabia among the five oil-producing countries in the region.

The increase in Iraq's oil sales and the tightening of oil sanctions on Iran in these two decades caused a change in the position of Iran and Iraq in oil sales, and Iraq was able to seize second place.  link

Mot .. What Can I Say! -- They is OUt There!!!!

Mot:  ..... I Still Don't Believe Her!!!

News, Rumors and Opinions Friday AM 4-5-2024

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. 5 April 2024

Compiled Fri. 5 April 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (RUMORS)

Sat. 30 March Militia Man: “Two parties have confirmed that Iraq is currently RVing in-country on Sat. 30 March.” Ginger: “We’re hearing that the revaluation of the rate is currently underway inside the border of Iraq. The Parliament committee has instructed Iraqi merchants and retailers to adjust their prices of goods and services to reflect the changes of their new rate for the Iraqi Dinar and effective Sat. 30 March.”

Thurs. 4 April Bruce Call (by Sue):
Our number one guy got word that Tier 3 Bond Holders started and should be emailed sometime Fri. 5 April about where they are and what is going on and liquidity.     
A Paymaster called this one guy and said activity in Reno is off the charts and they have beefed up security because those in Reno are doing the KYC and they are adding security to speed this process up and it’s very very significant.  
Another high up person said: “This is RIGHT ON TOP OF US.”

Thurs. 4 April Evening Wolverine: The below from Bruce is what I was told yesterday which I shared to only a few as I wanted a confirmation and it looks like Bruce has it: Bruce on Thurs. 4 April: “#21 guy got word that Tier3 bondholders have been started, and should get emails sometime tomorrow Fri. 4 April, as to where they are what is going on, telling them about their liquidity.  Paymaster said that activity in Reno is off the charts. They have added security is that they are at the place where bond holders are doing their KYC and they are adding security for that process. This is significant. Another person called and said that this is right on top of us.”

Thurs. 4 April Morning Wolverine: Latest information on Tier 3 progress. Shared with permission from an anonymous contact who is connected to Tier 3 bonus groups. Anonymous Friend: I just talked to one of my contacts. He said that tomorrow, April 4, there will be a large Zoom meeting involving many banks and payers. He thinks they will discuss how everything will go; And he believes the green light with notifications could happen late Thursday night or possibly Friday.

Thurs. 4 April Bearded Patriot USA: Possible announcement today or tomorrow of our new GCR/Gold backed currency along with the new USN CURRENCY. I was told this ad would be made by MSM. Let’s see what happens, is it real or another deep state fake by the White Hats!

Thurs. 4 April Ginger: I’m sharing this for what it’s worth. This hasn’t been triple-examined by me yet, but given the movement I’m hearing about with the GCR side – fines and sanctions, farm claims, CMKX payments rumored to be starting – I’m encouraged. These are the steps necessary before moving to Level 4B. Personally I think Friday is too early, prematurely. But that’s just my opinion. Take it or leave it. However, I do know for a fact that Reno is not even considered to be on “high alert” yet, as of Wednesday 4.3.24, for Tier 3 bond payments. That’s why I encourage everyone to stand firm and watch the positive movements for what they are: necessary stepping stones. Hang there!

Thurs. 4 April EBS, NESARA, Quantum Financial System: Capt Kyle Patriot:

In early April, the announcement regarding the launch of NESARA is anticipated. A Global Emergency Broadcast System will be activated, featuring documentaries aimed at enlightening the masses about recent events. 

To facilitate this, a global lockdown lasting 10 to 12 days will commence, with a message broadcasted on the EBS instructing everyone to stay home during a specific 5-hour window. Throughout the lockdown period, comprehensive documentaries will air across all stations, providing full disclosure of recent developments.

Upon the conclusion of the lockdown, an 800 number will be provided for the public to schedule appointments to set up their Quantum accounts, ensuring everyone globally receives a sum of money deposited into their accounts

Recent weeks have seen limited updates from the QFS Team due to significant events unfolding, including the seizure of approximately 75 banks and closure of all Cabal accounts. Assets from these accounts have been transferred to Quantum Financial Accounts for redistribution to the people, including trust funds.

With the implementation of the Quantum Financial System, financial transactions are transparent and secure, eliminating corruption and fraudulent activities. 

All Central Banks have transitioned to the QFS, operating under the ISO 20022 standard, ensuring accountability and traceability of funds. The imminent crash of the Stock Market heralds its demise, with personal bank accounts now reflected in Quantum Financial Accounts, except for investments and shares, which will be transitioned to a new system upon the QFS’s approval.

Assurances are given that all bank accounts, savings, and retirement accounts are secure. The anticipated date of April 1st may be delayed due to adjustments according to the Julian calendar, signaling a new beginning.

Read full post here:    https://dinarchronicles.com/2024/04/05/restored-republic-via-a-gcr-update-as-of-april-5-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  Sudani said to his citizens, 'Before the end of Ramadan, before the start of EID it is my desire to make a major announcement.'  Ramadan comes to an end on the 8th of April.  On the 9th EID starts.  From the 9th to the 11th we have an amazing window to study and to see what happens with our investment because on the 15th Sudani will go to Washington DC to see the president of the Untied States.

Walkingstick  Executive order 13303 was the protection of the DFI funds of their oil money.  All protected by the United States of America...No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds... 13303 was not sighed.  This is good.  It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency...

Vince Lanci: 'Bloomberg Warns Of 2007-Like Stock Market Crash, $3,000 Gold'

Arcadia Economics:  4-4-2024

In recent days we've seen divergence between the precious metals and stocks, a rise in bond yields, and continued worries that inflation is headed higher again.

Which has Bloomberg warning of a stock market crash similar to 2007-2008, that may be the foundation towards a move in the gold price towards $3,000.

 So Vince checks in this morning to consider whether that's a realistic outcome, and what he's seeing in the markets that have been driving the precious metals over the now month and a half rally. To find out more, click to watch the video now!

https://www.youtube.com/watch?v=u9FUF8Db72I

Why Saudi Arabia’s Futuristic City Is A Sign Of Major Inflation To Come

Why Saudi Arabia’s Futuristic City Is A Sign Of Major Inflation To Come

Notes From the Field   By Simon Black/James Hickman  April 3, 2024

[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

Did you hear about the new streamlined tourist visa to Saudi Arabia? I’m sure you’re standing in line for it already.

No? Me neither.

I was actually stationed in Saudi Arabia for a while when I was in the Army… and, the most unique ‘tourist’ attraction, at least for non-Muslims, is a place we used to call “Chop Chop Square” where they would do the public beheadings and dismemberments of convicted criminals.

Aside from that, Saudi Arabia has virtually nothing to offer tourists. At least for now.

But over the past few years the government has set itself on a path to building massive futuristic cities and giant resorts in an effort to bring tourists and diversify its economy-- including a recently streamlined visa process.

But to me, this screams of desperation… because it means that Saudi Arabia’s oil industry is in serious trouble.

As recently as just a century ago, what we know as ‘Saudi Arabia’ today was just a bunch of nomadic tribes roaming the desert who were constantly at war with one another.

Then one day a tribal leader named Abdulaziz Ibn Saud rose to power, a bit like Genghis Khan, and conquered everyone else. And in 1932, he declared himself sole ruler of the newly established Kingdom of Saudi Arabia.

Initially he wasn’t King of much at all; Saudi Arabia was mostly just a desert backwater in the early 1930s.

But things began to change quickly when a major oil discovery was made in early March of 1938. And over the years, Saudi Arabia’s prominence in the world grew dramatically.

By 1970, Saudi Arabia had overtaken the United States as the world’s #1 oil producer, with daily output more than tripling over the course of that decade to roughly 10 million barrels per day.

Ever since then there has been almost a Homeric mythology that Saudi Arabia has a sort of inexhaustible ocean of oil, and they could just turn on a spigot and fill up millions of barrels.

But that’s simply not true.

In fact, more than 40 years later, Saudi Arabia produces less oil today than they did in 1980. And there has long been speculation that Saudi oil reserves might actually be running low.

Not long ago, in fact, the Saudi government announced that they would make investments in their oil infrastructure to increase their maximum production capacity to 13 million barrels per day… but nothing further.

In other words, they set a hard ceiling for how much oil they were capable of producing, essentially shattering the mythology of their infinite oil capacity.

Then, just two months ago, they reversed their plans, and announced that their maximum drilling capacity would be 12 million barrels, and not 13 million.

Both of these should have been taken as obvious indicators that Saudi Arabia’s oil reserves are well past their peak… and that they know it.

But there is perhaps no greater indicator than the Saudi government’s desperate attempt to give its economy a gigantic sexy makeover.

For example, Saudi Arabia is building a ski resort in the desert mountains... where it occasionally dips below freezing in the winter. Then there’s Neom, the futuristic megapolis planned for the coast of the Red Sea featuring flying cabs and an artificial moon.

Then there’s The Line, a city stretching for 170 kilometers across the desert. And of course there’s the Red Sea Project, a luxurious resort the size of Belgium.

The more Saudi Arabia launches these sorts of projects, the more obvious it becomes that they are running out of oil and are desperately trying to diversify their economy while they still have time.

The fact that Saudi Arabia even started selling off small pieces of its state-owned oil company, Saudi Aramco, back in late 2019 is another indicator.

They could have IPO’d in 1988… or 2005… or any other time. But they didn’t. It seems like they know they’re in decline, and they’re trying to monetize the mythology of their oil reserves while they still can.

Now, Saudi Arabia isn’t going to run out of oil anytime soon; rather, the larger point is that supply and demand fundamentals will likely lead to much higher oil prices in the future.

And this is very inflationary.

Oil is the most important energy commodity in the world, and so its price influences the price of just about everything. If oil prices spike, then it’s not just the price of gasoline that goes up.

The cost of operating data centers with racks of servers and GPUs will increase. Food costs will increase. Manufacturing costs will increase. Virtually everything will increase in price.

Energy prices, like just about all prices, are ultimately about supply and demand. And the demand side is pretty easy to see— it will most likely continue increasing as emerging economies and global population grow.

Yes, there may be a time off in the future where oil is no longer necessary. But that’s still a long way out. Because guess what critical commodity you need to produce solar panels and wind turbines? Oil.

Meanwhile, on the supply side, it’s clear that one of the world’s biggest oil producers is in decline. At a minimum, they won’t be able to increase production commensurate with the increase in demand. And they’ve flat out admitted to that.

Meanwhile, another of the world’s biggest oil producers, the United States, is going out of its way to obstruct oil companies.

They create special taxes to penalize them. They refuse to follow the law and auction off concessions. They never miss an opportunity to demonize them.

Even in the financial industry, bankers and investors deprive the industry of the funds necessary for exploration. Hedge funds have taken over the Boards of major oil companies and forced them into inefficient green energy projects.

The United Nations hosts entire summits about phasing out oil production.

And let’s not forget about the fanatics who vandalize art museums and glitter bomb public sporting events to demand that the world “just stop” producing oil.

So, we have rising demand coupled with policies that restrict supply. The end result, predictably, has been rising oil prices, which are now hovering around $85-$90.

This is one of the reasons why the inflation numbers remain high; again, expensive energy impacts core inflation.

I write a lot about why we think the future is inflationary, and a lot of it has to do with the tidal wave of debt and government spending.

But that’s just one source of inflation. Higher energy prices are another.

Like the debt problem, however, the energy problem is also solvable. There’s plenty of oil in the world-- the issue is just misguided policy. There are also other technologies (like nuclear) which can provide abundant, cheap, clean energy.

 There doesn’t seem to be much appetite among the environmental fanatics who enjoy complaining, but not actually solving any problems.

Now, one way to offset this oil cost inflation is to own shares of the oil companies themselves; and right now, several of them that are very cheap since it’s apparently not socially acceptable to own them.

In our investment research newsletter the 4th Pillar, we highlighted a highly profitable oil producer that is practically debt-free, and trading at a very attractive Price/Earnings ratio of just 3.4.

The company was able to turn a strong profit when oil prices were low, and they’re positioned to do extremely well as oil prices go higher.

Of course, no one can be happy about the prospect of future inflation.

But there are solutions. And if you understand what’s likely coming, you can take steps now to reduce the impact or even potentially benefit from inflation.

To your freedom,  James Hickman  

Co-Founder, Schiff Sovereign LLC

PS. I mentioned an oil company we have researched for our investment research newsletter the 4th Pillar. So far, we have added three to our portfolio. But oil isn’t the only critical real asset we discuss.

We’ve also detailed gold miners, iron works, shipping companies, agriculture, and so many more vital investments that make the world go round.

They all have something in common— they are great investments to guard against, or even benefit from, inflation, and they are all trading at extremely low valuations.

You can learn more about the 4th Pillar here.

https://www.schiffsovereign.com/trends/why-saudi-arabias-futuristic-city-is-a-sign-of-major-inflation-to-come-150337/

Iraqi Dinar Today Video Updates Late Thursday Evening 4-4-24

Iraqi Dinar Today Video Updates Late Thursday Evening 4-4-24

Latest Update RV Today 4 April – 4:18

Congratulations Wow US Treasury Confirm IQD Exchange Rate - 4:16

Amazing RV approved President Donald Trump Green  Windows Open Tomorrow – 3:07

 Latest Update RV Today 4 April – 4:18

https://www.youtube.com/watch?v=UIvZ-JXqjXM

Congratulations Wow US Treasury Confirm IQD Exchange Rate – 4:16

https://www.youtube.com/watch?v=Ozmr-I5SLSg

Amazing RV approved President Donald Trump Green  Windows Open Tomorrow – 3:07

https://www.youtube.com/watch?v=72U2D8aocUM

Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-4-24

Good Evening Dinar Recaps,

"On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants, which was published in the Federal Register on January 24, 2024."

The International Swaps and Derivatives Association examines risks and resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase.

All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research and comment phases are now going to be put before the Operational Resilience Framework.

The ORF will take their collected data, organize it, and bring it before the Market Risk Advisory Committee Meeting on April 9, 2024.

If passed by the CFTC, they will be able to move forward with new guidelines governing and directing our new digital economy inside the digital derivative markets that includes foreign currency exchanges. ISDA   CFTC 

© Goldilocks

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"Project Agorá (Greek for "marketplace") brings together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England and the Federal Reserve Bank of New York."

Project Agorá is currently working with Central Banks and Banking sectors to test and explore the use of tokenization in cross-border payments. This will be done in partnership with a large group of private investors inside The Institute of International Finance.

The IIF is comprised of commercial and investment Banks, asset managers, insurance companies, professional services firms, EXCHANGES, sovereign wealth funds, hedge funds, Central Banks, and Development Banks.

This pretty much covers most of the international payment sources from around the world. There are three major requirements that will be explored in cross-border payments:

"Project Agorá will explore how tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms can improve the monetary system.

The project will explore how tokenisation and smart contracts could enable functionalities and transactions that are not viable today.

The primary area of exploration will be to increase the speed and integrity of international payments while lowering costs."

As you can see, we have a lot of conversations taking place around cross-border payments which include foreign currency exchanges that are still in development.

As we proceed further into the global regulation of crypto assets and markets, these major Financial Institutions from around the world will be exploring and placing their input into the final regulations taking place at the end of May in Europe.

If this date is not moved back, we will be looking at moving forward on an International level with our new digital economy.   BIS 1    BIS 2   IIF

© Goldilocks

~~~~~~~~~

A RESURFACED speech from Chinese President Xi Jinping suggests policymakers may start trading government bonds to regulate liquidity in the market, pushing the nation towards strategies used by the US Federal Reserve and other major central banks around the world.

Xi’s call for the People’s Bank of China (PBOC) to “gradually increase the buying and selling of government bonds” in its open market operations sparked a frenzy of speculation among traders last week. The remarks – made in October but publicised recently in a new book and newspaper article – may hint at a policy pivot for a central bank that has not made a significant bond purchase since 2007.

“Central banks in other countries generally use government bonds, or sovereign credit, as a basis to issue money,” said Liu Lei, a researcher at the National Institution for Finance and Development, a state think tank advising government agencies in China. “This is a necessary path for China’s central bank and monetary system to move into modern times.”   Business Times

~~~~~~~~~

China is beginning to signal a policy change in the buying and selling of government bonds. They are beginning to indicate the desire to sell their bonds to prop up their currency which is a tactic the US currently utilizes.

Japan is also considering this tactic, and other countries will witness the benefits of these changes.

One thing is for certain, it will change the dynamics of trade between countries going forward. This move will indicate a global shift in the way many countries will begin utilizing the same measures that the US does in trade and banking within their own countries.

When we see this trend begin to take place, it will begin putting price pressures on exchange rates going forward and many will begin to move into real values.  Investopedia  Linkedin   Business Times

© Goldilocks

~~~~~~~~~

Great expectations: How treasury bonds and interest rate changes impact currencies |  OFX (US)

~~~~~~~~~

"This bank will issue bonds ( Enjaz ) on behalf of the Ministry of Finance."

👆 Do you see what's going on here? Someone is about to sell government bonds to prop up their currency. A pattern is forming among countries.  CBI

© Goldilocks

~~~~~~~~~

The East is beginning to move/control the price of gold over the dollar. Is gold about to decouple from the dollar?

And, Ripple is launching their own stablecoin as a bridge asset. Ripple is a liquidity coin that can bridge payments between two countries' currencies.

Ripple is capable of moving the Central Bank Digital Coin/Gold from one country to the next.

Is Ripple the next World Reserve Asset backed by gold? In the new Financial System, "All roads lead to Digital Gold, and Digital Gold will set us free."    CNBC

© Goldilocks

~~~~~~~~~

"All roads lead to Digital Gold, and Digital Gold will set us free."

© Goldilocks

~~~~~~~~~

IQD REER/NEER Exchange Rates at $1.00 USD | Youtube

~~~~~~~~~

Where the U.S. Dollar May Be Headed in 2024 | Charles Schwab

~~~~~~~~~

Apple Exploring 'Mobile Robot' That 'Follows Users Around Their Homes' - MacRumors

~~~~~~~~~

Is The Silver Market Breaking Out? - InvestingHaven

~~~~~~~~~

Blockchain firm Ripple said it's launching a U.S. dollar stablecoin, marking an entry into the $150 billion stablecoin market. The move will pit Ripple against stablecoin giants Tether, which is behind the largest stablecoin UDST, and Circle, the issuer of USDC.   4 hours ago NBC Connecticut

👆 This is very important, and I am looking into it with some of my developer friends. It is a Historical Moment.

~~~~~~~~~

Shanghai, China 🇨🇳 trading Gold at $2,368 and Silver at $29.29 an ounce | Twitter
~~~~~~~~~

TABLES TURNED: Yellen Is Back To China As the US Feels Threatened by China's Manufacturers | Youtube

~~~~~~~~~

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Evening News with MarkZ. Special guests. 04/04/2024

Thursday Evening News with MarkZ

MarkZ Disclaimer: Please consider everything on this call as my opinion.   Be sure to consult a professional for any financial decisions

Evening News with MarkZ. Special guests. 04/04/2024

Dr. Scott Young with Nesara/Gesara and Sheila (CMKX and Currency contact) join the stream tonight. Please listen to the full replay for their information and opinions.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=WaUPurFeUgs

Iraq Economic News and Points to Ponder Thursday Afternoon 4-4-24

Iraq Economic News and Points to Ponder Thursday Afternoon 4-4-24

Tlm724 Administrator Bondlady’s Corner

Finance Announces The Offering Of A New Issue Of Government Bonds For Public Subscription

Thursday 04, April 2024  Economical Number of readings: 251  Baghdad / NINA / The Ministry of Finance announced, today, Thursday, the offering of a new issue of government bonds for public subscription.

A statement from the ministry stated, “The Public Debt Department in the Ministry of Finance, in cooperation with the Central Bank of Iraq, announced the offering of a new issue of government bonds for public subscription under the name Enjaz Bonds,” indicating that “Type of bonds: government bonds denominated in the Iraqi dinar.”

The statement explained, “The categories offered are:

- A bond in the category of (500,000) dinars, for a period of two years, with an annual interest of 6.5%, paid every six months.

- A bond in the category of (1) million dinars, for a period of 4 years, with an annual interest of 8.5%, paid every six months.”

He continued, “Subscription date: period from April 15 to May 15, 2024,” explaining that “the method of subscription is that purchase applications are submitted to one of the bank branches approved by the Central Bank of Iraq, accompanied by the original identification documents, and after that the bank sends the application with the purchase amount.”

To the Central Bank via the RTGS electronic payment system on the same day of purchase, and in return, the buyer will receive a receipt for the purchase amount he paid until the bond is prepared, and after a period not exceeding a week, the buyer brings the receipt to the same bank to receive the bond.”

According to the statement, the ministry called on “all citizens, investors and companies to participate in subscribing to this issuance of government bonds,” noting that “the bonds offered are tradable on the Iraqi Stock Exchange.”

She pointed out that “the advantages of subscribing to government bonds are:

Guaranteed return: The government is committed to paying the annual interest and the value of the bond when it matures.

Safe investment: Government bonds are considered one of the safest investments, as investors enjoy the government’s guarantee.

Contribution to the development of the national economy: The subscription funds contribute to Financing economic development projects and achieving financial stability in the country.”/End 2 

https://ninanews.com/Website/News/Details?key=1119462

External Remittances At The Central Bank Of Iraq Auction Increased By 98%

Economy  Thursday, April 4, 2024 2:52 PM  Baghdad/National News Center External remittances at the Central Bank of Iraq auction increased by 98% today, Thursday, at the expense of cash sales, to reach $246 million.

Today, during its auction for buying and selling the US dollar, the bank sold 253 million, 74 thousand and 268 dollars, covering it at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Most of the bank's dollar sales went to strengthening balances abroad in the form of transfers and credits, which amounted to 246 million 964 thousand and 268 dollars, an increase of 98% over cash sales amounting to 6 million and 710 thousand dollars.

He pointed out that the number of banks that purchased cash dollars reached four banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, and the total number of exchange and brokerage companies participating in the auction was 40 companies.

https://nnciraq.com/252368/

Oil Prices Rise With Indicators Of Economic Growth In America

Energy   Economy News _ Baghdad  Oil prices rose in early Asian trading, Thursday, amid fears of supply shortages as major producers continue production cuts, along with indicators of economic growth in the United States, the world's largest oil consumer.

Brent crude futures for June rose 15 cents, or 0.2 percent, to $89.51 per barrel at settlement by 00:37 GMT.

US West Texas Intermediate crude futures for May also increased 15 cents, or 0.2 percent, to $85.59 per barrel.

The June Brent contract and the May West Texas Intermediate crude contract recorded gains over the past four days and closed on Wednesday at the highest level since the end of October.

Oil prices rose after Ukrainian attacks on Russian refineries led to a reduction in fuel supplies, and amid fears that the war between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Gaza may extend to include Iran, which could lead to disruption of supplies in the Middle East region.

Senior ministers of the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, at a meeting held on Wednesday kept oil production policy unchanged and urged some countries to strengthen compliance with production cuts.

The meeting stated that some members will compensate for the increase in supplies in the first quarter.

Views 61  04/04/2024 - https://economy-news.net/content.php?id=42177

The Securities Commission Calls On The Central Bank To Launch Lending Initiatives

Economy News – Baghdad  Chairman of the Securities Commission, Faisal Al-Haims, called on the Central Bank to launch development initiatives to support the real estate, industry and agricultural sectors.

Al-Haims said in a television interview followed by “Al-Iqtisad News” that he “chaired a committee formed by the Prime Minister, to provide solutions to banks that are prohibited from using the dollar in their daily transactions,” noting that the committee had submitted recommendations to the Ministerial Economic Council that included launching development lending initiatives by The Central Bank, and activating the national exchange for banks that are prohibited from using the dollar.”

He added, "The recommendations also included the use of gold and other commodities in settling financial transactions between banks prohibited from using the dollar and foreign banks."

Views 84  04/04/2024 - https://economy-news.net/content.php?id=42185

Sudanese Advisor: Iraq Is Within The Safe Range Countries In Terms Of Paying Foreign Debts

Economy | 04:32 - 04/04/2024  Mawazine News - Baghdad,  the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Thursday, the reasons for reducing annual allocations to pay off foreign debts, while indicating that Iraq is among the countries in the safe range in terms of debt repayment.

Saleh said, “According to international standards in calculating the ability of the national economy to bear the burden of external debt, Iraq is among the group of countries in the safe range in terms of the global standard for the ratio of the external debt stock,” indicating that “the gross domestic product, according to estimates, does not exceed 20 percent.” While the global measure of the debt-to-GDP ratio allows up to 60 percent.

He explained, “Given Iraq’s regularity in repaying its external debts due annually, of which only approximately 20 billion dollars remain, the annual allocations to pay external debts through the federal general budget allocations have begun to show a clear decline and decrease in the amount of external debts due, and this has been reflected.”

 This is in the 2024 budget tables regarding allocations for external debt payments, compared to the 2023 budget tables, with a difference of decrease that may exceed a billion dollars.

He added, "This matter is reflected in Iraq's high creditworthiness in repaying its debts to external creditors and its commitment to repayment since the Paris Club Agreement in 2004 until the present. These are annual financial allocation mechanisms whose installments and interest are paid on a regular basis through the annual general budget, and they are decreasing. This means that the external debt gap is heading towards shrinking and then almost disappearing.”

He noted that "the Paris Club Agreement in 2004 dropped more than 100 billion dollars of Iraq's pre-1990 debt after Iraq obtained a discount on its debts at that time, which was 80 percent and more, and only a little of the remnants of those debts remained after it was removed.

" The remainder of it has been scheduled and is paid annually according to a precise and regular accounting mechanism on the part of Public Finance and the Central Bank of Iraq, and the continuous decrease in its allocations is demonstrated by the amount of the decrease in the annual allocation of external receivables from the debts that must be paid and their waiver annually.” https://www.mawazin.net/Details.aspx?jimare=245311

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/ 

Provoking Points To Ponder On Failures and Mistakes

Life, like war, is a series of mistakes, and he is best who wins the most splendid victories by the retrieval of mistakes.- Frederick W. Robertson

A man who has committed a mistake and doesn't correct it is committing another mistake.

- Confucius

The great virtue of man lies in his ability to correct his mistakes and to continually make a new man of himself.- Wang Yang-Ming

It is only error in judgement to make a mistake, but it shows infirmity of character to adhere to it when discovered.- Christian Bovee

It is human to err, but it is devilish to remain willfully in error.- Saint Augustine

Intelligence is not to make no mistakes, but quickly to see how to make them good.- Bertolt Brecht

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Iraqi Dinar Today Video Updates Thursday Evening 4-4-24

Iraqi Dinar Today Video Updates Thursday Evening 4-4-24

Vietnamese Dong Excited Exchange Rate Today – 3:41

Its Massive  US Treasury Set New Iraqi Dinar Exchange – 2:56

Chase Bank Great News For IQD Holders New Rate On Screen – 5:16

 Vietnamese Dong Excited Exchange Rate Today – 3:41

https://www.youtube.com/watch?v=tyoa4zJgIpY

Its Massive  US Treasury Set New Iraqi Dinar Exchange – 2:56

https://www.youtube.com/watch?v=ADVSehSuAq8

Chase Bank Great News For IQD Holders New Rate On Screen – 5:16

https://www.youtube.com/watch?v=czBMlDGsI0E

Thursday Night "Humor While We Wait"

TNT:

Mot:  Pilot “Gripe Sheet”

After every flight, UPS pilots fill out a form, called a “gripe sheet,” which tells mechanics about problems with the aircraft. The mechanics correct the problems, document their repairs on the form, and then pilots review the gripe sheets before the next flight.

Never let it be said that ground crews lack a sense of humor. Here are some actual maintenance complaints submitted by UPS pilots (marked with a P) and the solutions recorded (marked with an S) by maintenance engineers.

P: Left inside main tire almost needs replacement.

S: Almost replaced left inside main tire.

P: Test flight OK, except auto-land very rough.

S: Auto-land not installed on this aircraft.

•

P: Something loose in cockpit

S: Something tightened in cockpit

•

P: Dead bugs on windshield.

S: Live bugs on back-order.

•

P: Autopilot in altitude-hold mode produces a 200 feet per minute descent

S: Cannot reproduce problem on ground.

•

P: Evidence of leak on right main landing gear.

S: Evidence removed.

•

P: DME volume unbelievably loud.

S: DME volume set to more believable level.

•

P: Friction locks cause throttle levers to stick.

S: That’s what friction locks are for.

•

P: IFF inoperative in OFF mode.

S: IFF always inoperative in OFF mode.

•

P: Number 3 engine missing.

S: Engine found on right wing after brief search.

•

P: Aircraft handles funny.

S: Aircraft warned to: straighten up, fly right, and be serious.

•

P: Target radar hums.

S: Reprogrammed target radar with lyrics.

•

P: Mouse in cockpit.

S: Cat installed.

Mot:  ITS A MAN THING.

 As a bagpiper, I play many gigs. Recently I was asked by a funeral director to play at a graveside service for a homeless man. He had no family or friends, so the service was to be at a pauper's cemetery in the Kentucky back country.

As I was not familiar with the backwoods,I got lost and, being a typical man,

I didn't stop for directions.

I finally arrived an hour late and saw the funeral guy had evidently gone and the hearse was nowhere in sight. There were only the diggers and crew left and they were eating lunch.

I felt badly and apologized to the men for being late.I went to the side of the grave and looked down and the vault lid was already in place.

 I didn't know what else to do, so I started to play.

The workers put down their lunches and began to gather around.I played out my heart and soul for this man with no family and friends.I played like I've never played before for this homeless man and as I played 'Amazing Grace,' the workers began to weep.

They wept, I wept, we all wept together.When I finished I packed up my bagpipes and started for my car. Though my head hung low, my heart was full.

 As I opened the door to my car, I heard one of the workers say, "I never seen nothin' like that before and I've been putting in septic tanks for twenty years."

Apparently I'm still lost....it's a man thing........

Mot: Siiggghhhhhh - How do They Survive!!??? 

Mot:  .... and Just How Do Ya Read the California Signs - anyways????