More News, Rumors and Opinions Friday PM 5-10-2024

KTFA:

Clare:  Gold bullion is sold like street candy in an Asian country!

5/10/2024

Aside from ramen (noodle soup) and sausages, convenience stores in South Korea are now offering a new popular item on the menu - gold bullion.

The country's largest convenience store chain, CU, is collaborating with the Korea Mint and Security Printing Company (KOMSCO) to provide customers with small gold bars - which are in huge demand like hotcakes, according to what CNBC reported and Al Arabiya Business reviewed.

A variety of micro-sized gold bars weighing between 0.1 gram and 1.87 gram have been on sale at CU outlets since April. A 1.87 gram piece is sold for 225,000 won (US$165.76), and a 0.5 gram piece is sold for 77,000 won.

The People's Bank of China increases its gold reserves for the 18th consecutive month
and at a price of 113,000 won per piece, the one-gram bullion sold out within two days, according to local news reports. The bars come with congratulatory messages, happy birthday wishes, and even designs of character types.

People in their 30s have been most active in purchasing these gold bars, accounting for more than 41% of total sales since launch, according to CU's Pocket CU trading phone app. People in their 40s account for 35.2% of sales, followed by people in their 50s at 15.6%. People in their 20s account for 6.8% of total sales.

The World Gold Council said in a recent report that demand for bars and coins in South Korea rose by 27% year-on-year to 5 tons in the first quarter of this year amid rising prices for the yellow metal. The World Gold Council noted that this was the largest quarterly increase in gold purchases in South Korea in more than two years.

Other small stores are also riding the bullion wave. At the GS25 convenience store chain in South Korea, customers can buy small gold flakes from vending machines.

For his part, Head of Market Strategy, Global Economy and Market Research at UOB, Heng Kun How, said: “Usually in times of economic uncertainty when the value of the local currency declines, demand for gold jewelry will increase as local investors seek to invest in safe haven assets.”

According to the Korea Gold Exchange, gold prices rose to a record high of 456,000 won ($335.3) per 3.75 grams, or 0.13 ounces. Conversely, the Korean won has fallen more than 5% against the dollar so far this year, and is currently trading at 1,358.7 against the dollar.

The World Gold Council noted the recent trend of growing investment interest among young people in Asia, even as gold prices hit record levels.

“Many Asian economies are dealing with inflation and financial uncertainty for the first time in a generation,” Shaocai Fan, head of global central banking at the World Gold Council, told CNBC. “It makes sense that many young investors are exploring gold as a way to diversify and protect their assets.”

Consumers in China, Asia's largest economy, are also buying gold, as collecting small one-gram bars in glass jars has become a trend among the country's youth. China is also driving consumer demand for bullion, and will overtake India in 2023 to become the world's largest buyer of gold jewellery.

Separately, in the US last year, warehouse retail giant Costco became a popular one-stop shop for one-ounce gold bars priced at around $1,900.   LINK 

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

Frank26  Don't you have to have a high exchange rate to be part of the WTO?  No.  What do you have to have?   A sanction free currency.  Are there any sanctions on the dinar?  No more...99.9% are gone.  Sanction free currency.  Sanction free country.  Sanction free bank of that country.  That's why they're members of the WTO.  They already told you that they are and that's the end of that subject...You need to see  something that tells you it's official today?  They already told you.

Yada  Iraq is done and preparing for the other side of the release. And that is controlled by the UN-IMF. The parliament vote will be for all the new contracts but the rate release is a go...

“The Evolution of Money” Robert Kiyosaki – LFTV Ep 172

Kinesis Money:  5-10-2024

In this week’s episode of Live from the Vault, Andrew Maguire is joined by world-renowned “Rich Dad, Poor Dad” author, Robert Kiyosaki.

Andrew and a returning Robert discuss the changing global economy and how to preserve wealth.

Timestamps:

00:00 Start

03:45 Protecting your wealth - is it too late?

05:30 How the Fed scam works from Robert’s perspective

07:30 Silver to $500?!

13:30 2000 tonnes of Indian & Chinese silver orders

 18:30 How the rising price of oil might impact - or implode - the system

25:00 Hypothetcation & Rehypothecation explained

29:00 The US Sound Money Movement & Kinesis

51:00 The Evolution of Money

56:00 What about referrals?

 66:00 Doing the right thing

71:00 Money printing is all the Fed knows how to do

https://www.youtube.com/watch?v=DnS5hZGqQjA

KTFA Members “News and Views” Friday 5-10-2024

KTFA:

Clare: Urgent... The House of Representatives extends its legislative term by 30 days

5/9/2024

 The Presidency of the House of Representatives decided to extend the current legislative term for a period of 30 days

 The Parliamentary Finance Committee had previously expected an extension of the legislative term with the imminent arrival of the budget schedules to the House of Representatives.

There is also a political movement to elect a new speaker of the House of Representatives, which requires the continuation of Parliament's work.   LINK

DCDriver:  Don’t recall them ever extending sessions for that long IMO. Interesting

DeepWoodz:  I for one am glad for this news. Authority or not, they need to play their part. Iraq is all out of excuses for not releasing a “worth more than a dollar” rate. They have been making fools of all the gurus up to this point. We all know this should have been finished years ago. 

DMcCall:  Many felt disappointment about the lack of confirmation regarding the status of Iraq's WTO membership. I too felt some frustration.

I felt May 9th had some value. I tried to find reliable information but drew a blank.

 I personally felt that a lack of information didn't change what Frank told us some time back, and told us tonight. The requirements were met, period. The rate doesn't have to be exposed to receive all the advantages of being a member.

As many reasons there are to make the change right now, there are reasons that this is taking this time frame.

They are at a crossroads in time. And quite frankly, they can go in any direction. Their citizens are ready to enjoy what they see the UAE is enjoying. They want to enjoy what Saudi Arabia is enjoying, and others.

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Clare:  {Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq

5/10/2024

the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq. 

 "the justifications for the presence of a political mission in Iraq are no longer available, especially after more than 20 years have passed since the democratic transition and overcoming great and diverse challenges."  LINK

Deep Woodz:  I don’t know about y’all but I’m loving this! First Plaschart and now Guterres. LEAVE ALREADY!

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Clare:  Floating the dinar" returns to the forefront.. Will the Central Bank of Iraq resort to it and what are its risks?

5/9/2024

From time to time, calls for floating the Iraqi dinar float on the surface of the Iraqi financial market, in order to bridge the gap between the prices of the dinar and the dollar, and these calls meet every time they return to the forefront, with supporters who see it as saving the Iraqi economy, and opponents who see it as the most dangerous stage that Iraq will pass through because of its Of risks to his economy.

Floating currencies is known as liberating the exchange rate of the currency, so that it becomes completely liberated, so the government or central banks do not interfere in determining its value directly, but rather it is automatically sorted into the currency market through the supply and demand mechanism that allows determining the exchange rate of the national currency against foreign currencies. 

Critical vision

Financial expert Safwan Qusay said in an interview with Al-Ahed News, “The Central Bank of Iraq adopted a fixed price policy, that is, so that every dollar became equal to 1,320 dinars, and there are calls to release the price and not fix it at a specific rate. This means that demand and supply are what determine the exchange price.” ".

He added that "the measure, in light of the absence of economic diversification, will harm the Iraqi market and will reflect negatively on economic stability," noting the necessity of "diversifying the economy first and then liberalizing the fixed price later and providing a basket of different currencies for the exports of different countries."

Qusay stated, “We can have a price that is proportional to export, supply, demand, need, processing, and consumption, as such measures are far from the Iraqi economy,” considering that “activating flotation will create a market of speculation that cannot be controlled.”

In turn, financial expert Saif Al-Halafi saw the necessity of “supporting the Iraqi dinar instead of floating, but in a way closer to the language of floating.”

He explained in an interview with Al-Ahed News, “There is a possibility for the central bank to follow the same mechanisms as the American Federal Bank. Strengthening the dollar in the market is determined by the American Federal Reserve, and it depends on the market mechanisms of supply and demand.

Therefore, the Central Bank of Iraq and its law allow the strengthening of the dinar, because Monetary policy is under his authority and he is responsible for the value of the dinar against the dollar.”

Al-Halafi notes, “Raising the value of the dinar against the dollar will put the government before another test, which is raising the value of the dinar again to protect the citizen from rising prices,” adding, “This incident occurred when Iraq fixed the price of the dollar at 1,320 dinars, and it was compensated by the export of goods in a manner Huge waves from neighboring countries to Iraq, and the government and the central bank took responsibility for controlling the dollar.”

He points out the possibility that “there will be two exchange rates for the dollar against the dinar and it will change according to the actual need of the daily situation,” explaining that “the Iraqi market has two exchange rates, the first at the central bank, which is 1,320 dinars to the dollar, while the second price is the market price or the parallel price.”

He shows that “all attempts carried out by the Central Bank and the government to control and curb the parallel price have failed, and that this price emerged due to the geopolitical challenges surrounding Iraq, and the distancing of importing merchants from Iran, Syria, Russia, and other countries subject to sanctions from America, who cannot enter their goods through Transfers and credits.

Al-Halafi confirms that “raising the value of the dinar will have an advantage, as it will provide a large labor market in Iraq due to the price difference, so raising the value of the dinar’s price against the dollar, even if only slightly, will protect Iraqi workers,” pointing to “the possibility of the influx of large foreign workers due to the size of the projects.” in which the government will work.

Crazy risks

For his part, researcher in financial affairs, Nabil Al-Marsoumi, believes that “the decision to float the dinar has some economic positives, but the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.”

The decree says in a Facebook post, “In light of Iraq’s lack of a national private sector that can contribute to increasing the supply of dollars in the market and because of the huge volume of imports, which reach 67 billion dollars annually, the only party that owns the dollar is the government.”

He adds: "If the government decides not to interfere in the exchange market, it is expected that the dinar will witness a violent collapse and rampant inflation that will cause prices to rise to insane levels that will cause severe damage to citizens' living standards. The poor will become more miserable and will later lead to social tensions and a major rift in the social peace."

Previous experiences

In this regard, financial expert Manar Al-Obaidi points out, “The experience of floating the currency was successful in one of the Arab countries and supported its economy positively.”

He added in an interview with Al-Ahed News, “In 2018, Morocco adopted a new monetary policy represented by what is known as the managed float policy. This policy is a combination between the fixed rate policy and the floating rate policy, through which central banks set minimum and upper limits for movement by determining the exchange rate against... currency or a group of foreign currencies, and one of these banks was the Central Bank of Morocco.”

Al-Obaidi explains, “The managed float policy aims to gradually liberalize the currency until complete liberalization of the exchange rate is achieved.

Indeed, the Central Bank of Morocco has begun to set a fluctuation range, which is known as the margin of rise or fall in the exchange rate, which initially reached 0.3%, meaning that the Central Bank is allowed to rise above the specified exchange rate.”

By 0.3% or decreasing according to supply and demand until it reached a fluctuation range of 5% in March 2020, and this policy was accompanied by a support policy represented in canceling customs tariffs on some basic materials such as food and supporting funds that support vulnerable classes.”

Al-Obaidi believes that “this policy may be a successful alternative in Iraq by following a managed float policy that controls the range of volatility and works to gradually increase it until the currency is completely liberalized,” noting that “there is no study linking inflation rates to the exchange rate.” In the parallel market, the best way to know the effect is through a deliberate experiment with a managed float of the exchange rate.”

Government advice 

The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, had previously explained the danger of the exchange rate becoming unstable if the demands to float the dinar were achieved.

 Saleh said in a statement followed by Al-Ahed News, “Calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments, and not in an economy in which the rentier government sector is dominant and generates currency reserves.”

Foreign currency, as the monetary authority alone is the main source of supply of foreign currency that meets the desired demand for foreign exchange in the money market, to provide stability in this market and achieve a desired and homogeneous exchange rate through the interventionist role played by monetary policy.

He added, "Claims for flotation mean in all cases adopting the prevailing exchange rate in the parallel market to achieve the goal of stability and balance in the official exchange rate itself at a new point reached by the market at the end of the supposed flotation policy and returning to stability again.

Also, the flotation scenario means in all cases the withdrawal of the authority." Cash from being an essential central supply of foreign currency, to be replaced by new forces supplying foreign currency from free market makers, which only have a weak, limited supply of foreign exchange, and at the same time they carry an uncontrolled package of inflationary expectations and are called in economic literature the forces generating expectations. Inflationary

He continued, "The hypothetical new supply forces for foreign exchange adopted by the exchange market in that scenario will mean the dominance of supply forces from speculators with very limited quantities of foreign exchange available for supply in the parallel market

Matched by an open demand for foreign currency on the part of the market that undoubtedly exceeds that limited parallel supply." of foreign exchange, perhaps by more than 10 times at least in our estimation, and such a policy of floating to achieve a homogeneous equilibrium exchange rate would be an open and perhaps unruly situation, as long as the central government supply of foreign currency would be absent from the market

And we would not then obtain any equilibrium point in the exchange rate. An exchange rate that is sought to float except with a widespread deterioration of the exchange rate as long as it is controlled by forces that generate inflationary expectations, as we noted in a highly unilateral rentier economy, and it is an exchange rate whose mechanisms will move in a market that is incomplete in terms of productivity in compensating it for the required supply of goods and services.

Saleh warned, “Then no one knows how much the new exchange rate resulting from the flotation will be, which will undoubtedly be accompanied by a prior wave of inflationary expectations, which is a dangerous wave whose directions are difficult to control, which may force monetary policy according to this floating scenario by intervening in foreign reserves.”

 It is an unjustified extravagance in foreign exchange to impose a state of stability in the general level of prices again just to adopt it when exchange rates reach low rates, and no one knows how much they will reach.”  LINK

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Deep Woodz:  Talking about the float again. Frank must be right. That’s what’s coming or these guys wouldn’t be putting their two cents in. Some of what they say is true, some not.
Even Saleh commenting on not knowing where it will end is a load of crap. The CBI can start/stop, change, maneuver the rate any way they like at any time. Frank has mentioned a cap many times. OF COURSE they can do whatever they want! They are a sovereign country again. Pretending like they have no control. Gets on my nerves. 

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Paulette: IMO.....it is great to see more articles regarding the "Float"......I strongly believe this is the early stages of the last push by the CBI to educate the Citizens prior to implementing the "Delete the Zeros" project.....Patience all.....this is slowly coming together.......

Clare:  WHO HAS BEEN TELLING US ABOUT A MANAGED FLOAT !!!    WALKINGSTICK & FRANK.... WAY BEFORE THEY EVEN TALKED ABOUT IT IN THE ARTICLES imo

Al-Obaidi believes that “this policy may be a successful alternative in Iraq by following a managed float policy that controls the range of volatility and works to gradually increase it until the currency is completely liberalized,” noting that “there is no study linking inflation rates to the exchange rate.” In the parallel market, the best way to know the effect is through a deliberate experiment with a managed float of the exchange rate.”

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Clare: Post #32:  The dollar is reeling from a fatal blow and there are fears of a collapse of the dinar LINK

UNDERSTAND POST #32 IS DIFFERENT OPINIONS.......

"Deputy Chairman of the Parliamentary Finance Committee, Ahmed Mazhar Al-Janabi, said {to Al-Furat News} that “the Central Bank’s decision to cancel the currency auction at the end of the year will open space for exploitation and a problem will occur. If the auction is canceled and ends, the exchange rate in the markets may double, and if the Central Bank goes towards this option, the dollar exchange will "It will reach 200 thousand dinars," according to his opinion."       

 FROM PARLIAMENT - THIS IS NOT GOING TO HAPPEN!! THEY DON'T KNOW AS MUCH AS SUDANI, ALAQ & SALEH DO! 

"The Central Bank of Iraq's cancellation of the currency {auction} window at the end of 2024" 

WE KNOW THIS ... SUDANI & ALAQ HAVE ALREADY AGREED WITH DC ON THIS! IT IS TRUE

Saleh stated, “As for the developments taking place in the gold commodity market or gold filigree, especially the sudden price developments therein, up and down, they are not considered an alternative directly affecting the improvement of the exchange rate because they are limited in impact and impact on the movements of the parallel exchange market, and that the main gold trade is financed as foreign trade through Transfers from the banking system and the official exchange market.

THEY (ARE) AND WILL BE ASSET BACKED....  WILL FLOAT AND THERE WILL BE A MANAGED CAP... LIKE WS & FRANK HAVE BEEN TELLING US IN THEIR OPINION..   IMO

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Cal and LQ: I could be 100% wrong, partially correct or totally right, but IMO this reads like a final announcement or precursor if you will, to what many are expecting. It’s like they are explaining what’s about to happen. WS told Frank who told us they will put out a slew of detailed information to the citizens and again IMO this reads like a precursor to that information. Just my two cents. I’d love to hear your positive thoughts/perspectives if anyone care to share. Also, thanks for sharing your thoughts Clare. I find it insightful. 

Anyway, wishing you ALL a great day! 

“Tidbits From TNT” Friday 5-10-2024

TNT:

Tishwash:  The House of Representatives decides to extend its first legislative term by 30 days

The Presidency of Parliament decided, today, Thursday, to extend the first legislative term of the House of Representatives by 30 days.

The Parliament’s Media Department stated in a statement received by the Iraqi News Agency (INA), that “based on Article 58 of the Constitution, the Presidency of the House of Representatives decided to extend the first legislative term, for the third legislative year, in the fifth electoral cycle, for a period of thirty days.  link

Tishwash:  Publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq

Our agency publishes the text of the request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq.

Al-Sudani indicated in his letter, a copy of which was obtained by {Al-Furat News}, that "the justifications for the presence of a political mission in Iraq are no longer available, especially after more than 20 years have passed since the democratic transition and overcoming great and diverse challenges."

To view the text of Al-Sudani’s letter to Guterres, click here   link

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CandyKisses:  A call for the Sudanese to remove the American forces from Iraq

Information / Baghdad...

The head of the organizing body of the popular movement for the Belt and Road, Hussein al-Karawi, on Friday, called on Prime Minister Mohammed Shia al-Sudani to speed up the removal of US forces from Iraq.

Al-Karawi told Al-Maalouma that "the Iraqi people and the resistance will not remain silent in the face of US violations of Iraqi autonomy and the abuses it commits against Iraq."

Al-Karawi predicted that "the US forces will be subjected to blows from the resistance, if they do not comply with the fait accompli and leave Iraq, pointing out that America continues its encroachments on Iraq and its autonomy." 

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CandyKisses:  Setting the opening dates of 5 projects within the bottleneck package

Economy News - Baghdad

The Ministry of Construction, Housing and Municipalities announced on Friday the opening dates of 5 projects within the package of breaking traffic jams.

The ministry's spokesman, Istabraq Sabah, said in a statement seen by "Economy News", that, "The ministry is proceeding with projects to break traffic jams and implement the commitment listed for the projects of the first package within the government program," noting that "the projects of the first package consist of 16 projects and on more than one area on the sides of Karkh and Rusafa."

Sabah explained that "the Fine Arts Bridge and Cordoba Intersection have been opened, and two other projects are in the process of opening, the first project is the Shaljia Bridge and it is hoped that it will be opened this month, as well as the project to link the Mohandessin neighborhood inside, which includes two bridges, the first on the side of the engineers and the second on the inside side and a small bridge linking them, as work is underway on it and will be opened in the coming period."

He added that "next June, will witness the opening of the bridge linking from a beautiful area to the street neighborhood jihad - Bab Al-Muadham, and in July will open bridges Aden and Sanaa," noting that "the rest of the projects will be opened successively."

"A number of water and sanitation projects will be inaugurated this year, in addition to finalising a number of residential complexes that fall under low-cost housing in the southern and central provinces," he said.

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CandyKisses:  Gold is heading for its best weekly performance in a month

Economy News - Follow-up

Gold prices rose during trading, on early Friday, heading towards recording the best weekly performance since the fifth of April, after economic data strengthened bets that the Federal Reserve (US central bank) will cut interest rates.

By 0212 GMT, spot gold was up 0.2 percent at $2,350.87 an ounce, after hitting a more than two-week high earlier. Prices have risen about 2.2 percent since the start of the week.

U.S. gold futures rose 0.7 percent to $2,356.90.

Data on Thursday showed the number of Americans filing new applications for unemployment benefits increased more than expected last week.

Traders are likely to start the Federal Reserve's easing cycle in September. Lower interest rates reduce the opportunity cost of holding the yellow metal.

Data from the US Producer Price Index and CPI are due next week.

Among other precious metals, spot silver rose 0.2 percent to $28.38 an ounce, and is on track to record its best weekly performance since April 5 as well.

Platinum rose 0.6 percent to $983.78 and palladium rose 0.5 percent to $971.50. Both metals are heading for weekly gains.

Mot . Yaaaaaaaaaaaaaaaaaaaaaaaa!!!!!! 

Mot:  ...... Get Ready!!!!  

Coffee with MarkZ and Bob Lock. 05/10/2024

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 and Bob Lock. 05/10/2024

Member: GM Markz, Mods, Everyone

​​Member: Happy Friday to my fellow RV’ers

Member: Happy Mother’s Day weekend to everyone hope it’s unforgettable

MZ: I still continue to hear phenomenal hopes from bankers for the coming days/weeks. Nothing from bonds overnight or CMKX .

Member: Bruce's big call last night says this weekend we are going

​​Member: Bo polny says this is our month ?

MZ: “Real Estate billionaire investor expects one or two banks failures a week-UK Economist says we are entering a new “Dark Age” He says Fed Chairman Powell ongoing rate hikes will continue to have consequences for the real estate sector. This is getting ugly.

Member: So Is Iraq in the WTO?

MZ: We covered this last night. I have yet to see an article saying they are. I think they are holding off on the announcement –and it will all go at once.

Member: Frank26 says Iraq has been in the WTO for awhile now?

Member: Got an email from Treasury vault offering 825 for a million dinar buy back. I think that is a good sign.

MZ: Because they can’t get any out of Iraq. Iraq is limiting it. So they are trying to get dinar from you. This is great news for us

Member: FINALLY, something that gives me hope. 'They' said when the dealers stop selling it, we're VERY close.

​​Member: GM all! I honestly can't imagine Iraq waiting much longer, considering the circumstances with the budget. It's literally needs to be this next week...

Member: Ok-purchased my dinar from a private dealer… How did I get that email?

Member: The email and all exchange information will be sent to the Dinar sites like dinar Recaps and Chronicles, and Guru and all the intel providers will post it….You will not miss it.

Member: Come on PTB- Turn on EBS and let chips fall where they may!!

Member: Maybe today? Maybe tomorrow... One the edge of my seat! Dreaming of a different life helping so many on my list!

Member: May Jesus bless our weekend with ReValue of Iraqi Dinar currency.

Member: We all know Mothers Day is super special hopefully we can have the RV and make it amazing! But regardless Happy Mothers Weekend to all the moms.

Member: Mark and Mods, thank you for all your time and work you do.

Member: Hope everyone has a great day today!

Bob Lock and CBD Gurus join the stream today. Please listen to 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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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

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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Currency Insider Video Updates Friday AM 5-10-24

Currency Insider Video Updates Friday AM 5-10-24

Iraqi Dinar Excited Things Ready $3.60 – 2:30

Central bank of Iraq set it hold your breath – 2:28

Vietnam Dong rate latest something big here – 1:11

Iraqi dinar now time for claim your big note – 2:26

Iraqi Dinar Excited Things Ready $3.60 – 2:30

https://www.youtube.com/watch?v=jlDM3NMRCbA

Central bank of Iraq set it hold your breath – 2:28

https://www.youtube.com/watch?v=SUbVAOniVm8

Vietnam Dong rate latest something big here – 1:11

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

Iraqi dinar now time for claim your big note – 2:26

https://www.youtube.com/watch?v=demh7wk4BKU

News, Rumors and Opinions Friday AM 5-10-2024

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. 10 May 2024

Compiled Fri. 10 May 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

Thurs. 9 May 2024 Bruce: Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May. Special Forces personnel and Banks in the US say that everything kicks off this weekend. The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.

Thurs. 9 May 2024 Wolverine: “It’s coming. It is going to happen this week. I’m not allowed to say anymore, but it is going to be a glorious week.”

Wed. 8 May Banker: : “Well folks, a banker was provided with a specific date where he would have his trained exchange specialists in position to begin the currency exchanges.  This means a window of scheduling appointments will commence prior to having his staff being in position. While he could not provide me the date he did indicate without any unforeseen issues that could delay it will occur this month. Well Folks, we may in fact enjoy the most memorable Mother’s Day in history. Say your prayers.”

On Tues. 7 May Zimbabwe’s Treasury said that the newly introduced gold-backed currency is the official unit of exchange for transactions and that it would soon introduce regulations to ensure businesses stick to the official rate. https://www.reuters.com/markets/currencies/zimbabwe-says-new-gold-backed-currency-now-official-unit-2024-05-07/

Thurs. 9 May 2024 Awakening Giants: Vietnam and Zimbabwe Forge Ahead in the Global RV Movement and Redemption Center – BOOM! The Intrigue of the $100T Zim Bonds! In the tumultuous world of global finance, two unlikely contenders are poised to shake up the status quo: Vietnam and Zimbabwe. With Vietnam eyeing the Forex market and Zimbabwe unveiling its gold-backed Zig currency, the stage is set for a seismic shift in the realm of currencies. https://t.me/QStorm1776

QFS, NESARA Wealth Distribution: https://amg-news.com/nesara-qfs-plan-discover-the-unprecedented-wealth-distribution-under-the-nesara-qfs-plan-the-process-of-rv-redemption-started-actual-signature-forms-like-nda-and-post-redemption-plan-doc/

$100T Zim Bonds: Awakening Giants: Vietnam and Zimbabwe Forge Ahead in the Global RV Movement and Redemption Center – BOOM! The Intrigue of the $100T Zim Bonds!

Wed. 8 May 2024: Quantum Financial Revolution: QFS, NESARA, XRP, and Stellar – THE STRUCTURED PAYOUT SYSTEM – Redemption Rate = The Amount Paid For Each Zim Dollar – American Media Group (amg-news.com)

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Thurs. 9 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

By yesterday afternoon Wed. 8 May 2024 all banks had brought all their employees up to speed on the transaction protocols for the GCR.

Banks will not give out the same higher rates for your exchange as you will get at a Redemption Center.

Canadian banks said in a conference call that they were in position to begin exchange currencies and redeem Zim on Friday 10 May or Sat. 11 May.

Special Forces and Banks in the US say that everything kicks off this weekend.

The US Treasury wrote in an email that Tier4b will begin exchanges either Fri. 10 May or Sat. 11 May.

Global Financial Crisis:

Thurs. 9 May 2024 Pennsylvania Banking Alert!: Philadelphia’s Republic First Bank’s seizure could be just the beginning. Experts warn more failures may follow due to high deposit costs and struggling real estate loans.

Thurs. 9 May 2024: Economist Predicts One Final Rally Before the Markets Crash 50% https://watcher.guru/news/brics-economist-predicts-one-final-rally-before-markets-crash-50

Read full post here:  https://dinarchronicles.com/2024/05/10/restored-republic-via-a-gcr-update-as-of-may-10-2024/

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

Frank26   My [dinar] broker will be notified by the US Treasury when the rate changes.  It is at that time my broker will call me.  He'll tell me as of tomorrow morning you're not selling any more dinars.  We are all in the same boat.  There are a few of us that have fallen overboard because maybe we're too impatient or we just don't belong in this investment...But the majority, we're all onboard and we know what's going on...

Militia Man  1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions.  They don't even have that much money printed.  They don't even have it on their M1 etc at this point in time.   They never have.  There's got to be an adjustment...

Cbi and cbf working together

Nader:  5-9-2024

https://www.youtube.com/watch?v=Hz7KN1CVHWg

LIVE! (Meltdown). "THE FASTER THE ECONOMY CRATERS, THE HIGHER STOCKS WILL GO..."

Greg Mannarino:  5-9-2024

https://www.youtube.com/watch?v=i62tLfWdWsI

KTFA Thurs. Night CC: “FRANK26….5-9-24……..WHAT ABOUT THE WTO?”

KTFA

Thursday Night Conference Call

FRANK26….5-9-24……..WHAT ABOUT THE WTO?

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

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

Iraq Economic News and Points to Ponder Thursday Evening 5-9-24

Iraq Economic News and Points to Ponder Thursday Evening 5-9-24

It Will Change The Reality Of Iraqi Banks.. Al-Alaq Reveals A Plan That Enjoys Sudanese Support

Economy | 09/05/2024  Mawazine News – Baghdad  The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Thursday, the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.

The Central Bank stated in a statement received by Mawazine News, “The Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, received today the French Ambassador to Baghdad, Patrick Durel.”

He added, "The meeting discussed ways to strengthen banking relations between the two countries, and His Excellency the Governor provided a comprehensive explanation of the relations and economic conditions, as well as the government's directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq."

Al-Alaq confirmed that “the plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.”

He pointed to "the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations."

It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have been linked by cooperative relations over many years. https://www.mawazin.net/Details.aspx?jimare=247687

The Association Of Private Banks Counts The Percentage Of Shares Traded On The Stock Market During A Month

Economy News – Baghdad  The representative of the Iraqi Banks Association, Ali Tariq, confirmed today, Thursday, that the Iraqi stock market relies heavily on the banking sector, while he counted the value of banking shares traded during the month of last April.

Tariq said, during a dialogue session, on the twentieth anniversary of the founding of the Securities Commission, under the slogan (The Importance of the Financial Services Sector in Supporting the Iraqi Economy) and attended by the “Al-Iqtisad News” correspondent, that “the profitability of private sector companies is the first motivator for every investor, and the strength of the market and the growing movement Trading comes from companies' profitability and revenues."

He added, "The market relies heavily on the banking sector, which traded during last April 17.6 billion shares out of 21.6 billion shares in the entire market, which constitutes 81% of the total trading in the month."

He explained that "the banking sector is considered the most important in the stock market," pointing out that "the citizen is able to use the mobile phone to trade and view share prices, and the need to focus on reaching the citizen at his home and workplace."

Tariq stated, “All private banks are listed in the Iraq Stock Exchange according to the instructions of the Central Bank of Iraq,” stressing that “preventing some banks from dealing in dollars directly affected the market and the prices of their contributions in the market.” 155 views 05/09/2024 https://economy-news.net/content.php?id=43257

Government Advisor: The Securities Commission Represents The Governance Base For Promoting Financial Market Reform

Economy | 12:08 - 09/05/2024  Today, Thursday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, summarized the importance of the Securities Commission and its tasks, while noting that the Commission represents the governance base in promoting financial market reform, and is responsible for supervising the correct rules in the Iraqi market.

Saleh said, in his speech during the twentieth anniversary of the founding of the Securities Commission, under the slogan (The Importance of the Financial Services Sector in Supporting the Iraqi Economy):

“In the name of Prime Minister Muhammad Shiaa Al-Sudani, we extend to the Securities Commission, its Chairman and its staff, our warmest congratulations on the occasion of the twentieth anniversary of the founding of this edifice.”

The important financial supervisory authority that assumed the duties of regulating the Iraqi Stock Exchange securities, which is the basis for ensuring high, stable, organized and growing financial markets through the application of regulations designed to protect the rights of users and maintain the integrity of the financial market.

He added, "The Securities Commission, with its regulatory, supervisory, and auditing apparatus, constitutes the central body responsible for supervising the correct rules, monitoring irregular activities, and investigating market violations."

He continued: “The Securities Commission also represents the governance base in promoting transparency and reform in the work of the financial market, and the important role of the Securities Commission is evident in regulating broker-dealers and other market participants by supervising the depository center and updating the data of persons associated with brokerage companies.”

He added: “There is no secret of the important role played by the Securities Commission in coordination with international securities organizations and bodies, especially in adopting standards in the field of strengthening the efficiency of financial markets and communicating with international organizations related to financial markets, which has strengthened the role of the Securities Commission and the Iraqi Stock Exchange.”

Finance in preparing Iraq for the World Trade Organization, which is the international organization that essentially emerged from the system of financial globalization, as the trade in financial services became an integral part of global trade.  https://www.mawazin.net/Details.aspx?jimare=247654

American Bank: Expectations To Increase Iraq’s Oil Capacity In 2025

Energy   Economy News – Baghdad  JP Morgan Bank expected that Iraq, the United Arab Emirates and Kazakhstan intend to increase their oil capabilities by 2025.

Natasha Kaneva, an analyst at JP Morgan, said in a report seen by Al-Iqtisad News, “The United Arab Emirates, Kazakhstan and Iraq intend to increase their total capacity by more than 300,000 barrels per day as of next year, but the planned expansions may constitute risks to Coalition cohesion, and oil prices in general.

She added, “The main issue for OPEC lies in 2025. Even if the alliance keeps supply restrictions as they are this year, it “does not address the imbalances in 2025.”

The price of Brent crude is expected to remain in the range of $75-90 per barrel in most scenarios, with average prices reaching $82 per barrel in 2025, according to Goldman Sachs.159 views 05/09/2024 - https://economy-news.net/content.php?id=43264

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

Provoking Points To Ponder on Failures and Mistakes

There is no failure except in no longer trying.- Elbert Hubbard

Men do not fail; they stop trying.- Elihu Root

Most people live and die with their music still unplayed. They never dare to try.- Mary Kay Ash

It is a very dangerous thing to have an idea that you will not practice.- Phyllis Bottome

If you risk nothing, then you risk everything.- Geena Davis

Men must try and try again.- Lawson Purdy

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

http://famousquotesandauthors.com/quotes_by_topic.html

Iraqi Dinar Today Video Updates Thursday Evening 5-9-24

Iraqi Dinar Today Video Updates Thursday Evening 5-9-24

Again this Rate Show On Screen $3.90 – 2:32

Massive Announcement Tonight Investors Alert – 3:38

Boomrange Iraqi Dinar RV – 3:49

 Again this Rate Show On Screen $3.90 – 2:32

https://www.youtube.com/watch?v=EcQ5-tnygUw

Massive Announcement Tonight Investors Alert – 3:38

https://www.youtube.com/watch?v=k80JXna9Gl4

Boomrange Iraqi Dinar RV – 3:49

https://www.youtube.com/watch?v=pp3YllEEVik&t=5s

Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-9-24

Good Evening Dinar Recaps,

"Based on the decision of the Board of Directors of this bank No. (191) of 2023, it was decided to give the mediation companies that buy and sell foreign currencies under category (C) to merge to be classified as (A) or (B) until 3/31/2024."

Do you remember this article from the CBI? I remember talking with you about this particular article and how it was a reclassification of the Iraqi dinar. There is more information that is important for us to know at this time, so I have saved it to share with you now.

Moving to an A/B from a C classification essentially means that holders of the Iraqi Dinar is now a registered security. Registered Securities are freely tradable, and they can be sold to public investors on a much more broader scale.

Banks are generally owned by stockholders. This is what forms most of the Equity Capital that comes into a bank. Our foreign currency exchange with banks helps to build liquidity for them and the markets.

Since banks are privately owned for-profit institutions, this makes our foreign currency exchange with them a private exchange.

Jester and Freedom Fighter do a "Saturday Night Live" call each week to explain the importance of getting to know your "Relationship Managers" whom will participate in your exchange at some level, and they will continue to participate in your banking success through periodic reviews of your account.

Each week, Freedom Fighter and Jester have live conversations with people who are going out to establish banking relationships that will guide them in the exchange process, and they come back to tell people what they found.

You do not want to miss these calls.

© Goldilocks
SEC
CBI
Westlaw
Connecticut Portal Department of Banking
Wise - Foreign Currency
Investopedia - Capital Markets 

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"A federal-covered security can be legally sold in a state once the proper documents and filing fee are submitted. Sales may occur on the day SEC registration is effective or when the notice filing was filed, whichever occurred last."

In other words, the Iraqi Dinar can be bought and sold as a "registered security" close to the end of May.

This article is a continuation of the first one printed today. I just simply wanted to be clear about a particular point that is of interest to all of us who hold the Iraqi Dinar.

It does not mean that we are going to exchange any foreign currencies at the end of this month, especially the Iraqi Dinar, but it will become possible. Achievable -  Finra-Series SEC Archives

© Goldilocks

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Freedom Fighter Breaks Down Goldilocks Posts today with Q & A

 Freedom Figjter breaksw down Goldilocks Posts from today 5.9.24.mp3

LISTEN HERE:

The world’s economic order is breaking down | Economist

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How is Currency Valued - Overview, History, Measurement |  Corporate Finance Institute

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Central bank business models are being forced to change as the economy digitalizes, Joachim Nagel, Deutsche Bundesbank governor, said on May 6.

“If you would have asked me 20 years ago, is the central bank model destroyable?” Nagel told the Bank for International Settlements (BIS) Innovation Summit in Basel, “I would have said no.” But, now: “I’m not so sure anymore.”   Central Banking

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Best states for taxes | Fidelity

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Lloyds collaborates with Red Hat on InnerSource engineering programme | Finextra 

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Mastercard, Citi, JPMorgan Test Ledger for Settling Bank Money | Bloomberg Law

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SEC Labels Upcoming Ripple Stablecoin Unregistered Crypto Asset |  The Crypto Basic

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A/B Exchange Offer Definition | Law Insider
An A/B exchange offer involves the exchange of unregistered, privately placed securities for SEC-registered securities. The original restricted securities, which are typically debt securities, would likely have been issued to holders in a private placement transaction.     1 day ago

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Silver Price Analysis: Silver is now probably in an uptrend | FXStreet

Silver price has probably reversed its short-term downtrend and begun a new uptrend. 

It has broken above the May 7 highs – a key sign the short-term trend has reversed. 

The possibility now exists for the precious metal to rise back up towards the $30.00 mark. 

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IBM Expands its Software Availability to 92 Countries in AWS Marketplace | DQ

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Iraqi Dinar Today Video Updates Thursday Afternoon 5-9-24

Iraqi Dinar Today Video Updates Thursday Afternoon 5-9-24

Massive Announcement US Federal Reserve Approved IQD New Exchange Rate $3.90 – 3:21

Its Massive CBI Released New Exchange Rate Of The IQD – 3:33

President Joe Biden Breaking News All Dinar Holders – 3:07

Massive Announcement US Federal Reserve Approved IQD New Exchange Rate $3.90 – 3:21

https://www.youtube.com/watch?v=Jkln4z53Spw

Its Massive CBI Released New Exchange Rate Of The IQD – 3:33

https://www.youtube.com/watch?v=GUgkdGQ5a_Q

President Joe Biden Breaking News All Dinar Holders – 3:07

https://www.youtube.com/watch?v=ZrcdgeEIg8U