“Tidbits From TNT” Monday 5-13-2024
TNT:
CandyKisses: Minister of Commerce stresses the importance of creating a state of balance in the economy and enhancing financial stability
Economy News _ Baghdad
Trade Minister Atheer Dawood Al-Gheriri stressed on Monday the importance of creating a balance in the economy and enhancing financial stability.
According to a statement of the ministry received by "Economy News", that "Minister of Trade Atheer Dawood Al-Gheriri, headed the delegation of the Republic of Iraq in the meetings of the Economic and Social Council at the level of ministers that began in Manama under the umbrella of the League of Arab States in preparation for the holding of the 33rd session of the Arab Summit in Bahrain."
TNT:
CandyKisses: Minister of Commerce stresses the importance of creating a state of balance in the economy and enhancing financial stability
Economy News _ Baghdad
Trade Minister Atheer Dawood Al-Gheriri stressed on Monday the importance of creating a balance in the economy and enhancing financial stability.
According to a statement of the ministry received by "Economy News", that "Minister of Trade Atheer Dawood Al-Gheriri, headed the delegation of the Republic of Iraq in the meetings of the Economic and Social Council at the level of ministers that began in Manama under the umbrella of the League of Arab States in preparation for the holding of the 33rd session of the Arab Summit in Bahrain."
This meeting comes in light of many important and accelerated changes and developments in the world and our region, especially in light of the economic and social crises and their repercussions, which requires strengthening our Arab environment by coordinating our national policies to deal with international challenges positively and effectively in accordance with the developments of the global economy," Al Ghuriri added in his speech during the meetings.
He added that "the files on the agenda are of great importance, especially those related to the Greater Arab Free Trade Area and the establishment of the Arab Customs Union, in addition to files related to the health sector and financial security, which constitute basic pillars to support sustainable development and economic integration."
Al Ghurairi stressed the importance of supporting all efforts and cooperation in order to achieve the desired goals and enhance economic integration, stressing the importance of creating a state of balance in our economy and enhancing financial and economic stability.
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Tishwash: 5/11 Iraq , Tunisia sign bilateral agreements in several areas
The Iraqi government signed ,on Sunday, bilateral agreements with Tunisia in several areas.
The agreements and understanding memorandums included the following:
- The Ministry of Education signed an executive program memorandum for educational cooperation for the years 2024, 2025 and 2026, with the Tunisian Ministry of Education.
- The signing of the annex to the amendment of the memorandum of understanding in the fields of youth and sports between the minister of youth and sports Ahmed Al-Mubarqa, and the Tunisian Minister of Foreign Affairs and immigration Nabil Ammar .
- A memorandum of understanding in the field of pharmaceutical and health cooperation between the Iraqi and Tunisian ministries of Health, represented by the Iraqi Ministry of Health, Minister Saleh Al-Hasnawi, and the Tunisian Ministry of Health, Tunisian Foreign Minister Nabil Ammar.
- A memorandum of understanding in the security field between the Iraqi Ministry of Interior and the Tunisian Ministry of Interior, on the Iraqi side, minister Abdul Amir al-Shammari and the Tunisian side, Tunisian Foreign Minister Nabil Ammar.
- A memorandum of understanding in the field of Labor and social affairs between the Ministry of Labor and Social Affairs, represented by Minister Ahmed Al-Assadi and the Tunisian Ministry of Social Affairs represented by Tunisian Foreign Minister Nabil Ammar.
- Memorandum of understanding for technical cooperation between the Iraqi Ministry of Labor and Social Affairs and the Tunisian Ministry of Social Affairs.
- A memorandum of understanding in the field of vocational training and employment between the Iraqi Ministry of Labor and Social Affairs and the Tunisian Ministry of Social Affairs.
- A memorandum of understanding in the field of traditional industries between the Ministry of industry and minerals represented by its minister Khaled Batal and the Tunisian Ministry of industry and energy represented by Tunisian Foreign Minister Nabil Ammar.
- A memorandum of cooperation in the field of religious affairs between the Iraqi Ministry of Culture, Tourism and antiquities represented by Minister of Culture Ahmed Fakak Al-Badrani, and the Tunisian Ministry of Tourism represented by Tunisian Foreign Minister Nabil Ammar.
- A memorandum of understanding in the field of civil protection between the Iraqi Civil Defense Directorate, represented by its director, Major General Mohsin Kadhim Alak, and the Tunisian civil defense and protection service, represented by the Tunisian ambassador in Baghdad.
- A memorandum of understanding between the Baghdad Secretariat, represented by Secretary Ammar Moussa, and the municipality of Tunis, represented by the notary of the municipality of Tunis.
- A memorandum of understanding in the field of Archives between the Iraq National Library and Archive represented by the director general of the Department of cultural relations and the Tunisian National Archives represented by the Tunisian ambassador in Baghdad.
- Memorandum of understanding between the Union of Iraqi chambers of Commerce and the Union of Tunisian chambers
- Memorandum of understanding between the Union of Iraqi contractors and the Chamber of Tunisia.
- Signing the minutes of the meeting of the Joint Committee between Iraqi foreign ministers Fuad Hussein and Tunisian Foreign Minister Nabil Ammar.
- Memorandum of understanding in the field of developing trade exchanges between the Republic of Iraq and the Ministry of trade and export development of the Republic of Tunisia.
- Memorandum of understanding on the environmental side on the Iraqi side minister Nizar Mohammed and the Tunisian side Foreign Minister Nabil Ammar.
- Memorandum of understanding between the Iraqi federation of industries and the Tunisian Federation. link
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CandyKisses: Iraq signs MoU with Honeywell to support energy sector
Baghdad today - follow-up
Today, Monday (May 13, 2024), Iraq signed a memorandum of understanding with the American company "Honeywell" to support the energy sector in the country.
Honeywell CEO Ken West said in a press statement, followed by Baghdad Today, that "these agreements allow the company to explore opportunities for strategic cooperation in Iraqi oil and gas fields, including stopping the burning of gas associated with production operations and providing development, automation and control services." Remote monitoring.
He added, "The memorandums of understanding were signed during a meeting hosted by the American Chamber of Commerce, accompanied by members of his team, with the participation of Prime Minister Muhammad Shiaa Al-Sudani, along with an elite group of high-level officials in the government and prominent companies in the private sector."
"Honeywell has made significant achievements in Iraq, and we look forward to bringing these agreements into effect," West said, stressing that "there is huge potential for growth and cooperation to enhance the levels of reliability and sustainability of the energy sector for Iraqis across the country."
"These agreements come as part of Honeywell's commitment to provide the best global solutions and expertise to help raise the levels of efficiency and sustainability within the country's energy sector. It also reflects the company's efforts to align and strengthen its portfolio with three mega trends, including the energy transition."
Mohammed Shabout, president of Honeywell in Iraq, said, "These agreements reflect the firm commitment of Honeywell and the private and public sectors in Iraq to continue working on modernizing and developing the local industry."
"The focus is increasing on the energy sector where we all have to invest in the necessary technology and work to provide a better energy future for the entire region," he said.
Honeywell has been operating in Iraq since the seventies and recently appointed Mohammed Shabout as the company's regional head of Iraq.
Mot: .. uh oh
Mot: ... tough being a mum
Goldilocks' Comments and Global Economic News Monday AM 5-13-24
Goldilocks' Comments and Global Economic News Monday AM 5-13-24
Good Morning Dinar Recaps,
The link below provides information on Vietnam's review by the US Department of Commerce regarding Vietnam's ability to move into a Market Economy.
My understanding from the previous article on Vietnam reviewed is that this is not a graded review. It is simply a valuation of the types of goods and services they can provide comprehensively.
Vietnam is showing steady growth in several areas of their Market. Their potential to increase National Capital Investment opportunities on a Global scale is evident.
Clearly, hurdles are being cleared for Vietnam to move into a Market Economy. A Market Economy will allow them to freely move their money through supply and demand.
Goldilocks' Comments and Global Economic News Monday AM 5-13-24
Good Morning Dinar Recaps,
The link below provides information on Vietnam's review by the US Department of Commerce regarding Vietnam's ability to move into a Market Economy.
My understanding from the previous article on Vietnam reviewed is that this is not a graded review. It is simply a valuation of the types of goods and services they can provide comprehensively.
Vietnam is showing steady growth in several areas of their Market. Their potential to increase National Capital Investment opportunities on a Global scale is evident.
Clearly, hurdles are being cleared for Vietnam to move into a Market Economy. A Market Economy will allow them to freely move their money through supply and demand.
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Credit Valuation Adjustments on their currency will be determined by Vietnam's ability to move their goods and services near and far at competitive rates.
© Goldilocks
https://vietnamnet.vn/en/vietnam-business-news-may-12-2024-2279536.html
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Vietnam's Foreign Exchange Rate Review:
HCMC (Saigon) inspects authorized foreign exchange agents.
The State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC) has urged commercial banks to conduct inspections of their authorized foreign exchange agents and submit reports on the findings to the SBV-HCMC no later than June 15, 2024.
The SBV-HCMC has issued a letter requesting commercial banks and branches of foreign banks authorized to engage in foreign exchange activities within the city to conduct inspections of the authorized foreign exchange agents appointed by commercial banks.
Accordingly, commercial banks are required to inspect their authorized foreign exchange agents, covering compliance with legal regulations, adherence to foreign exchange agency contracts, identification of any existing limitations or misconduct, and the outcomes of any corrective actions taken.
The SBV has urged commercial banks to conduct these inspections on authorized foreign exchange agents appointed by banks to ensure compliance with regulations governing foreign currency transactions and the appropriate use of foreign currency, thus contributing to promoting the development of production and business activities, import-export, tourism, and services.
Simultaneously, commercial banks authorized to delegate foreign exchange agents must strictly adhere to all legal regulations regarding the delegation of authority to economic organizations to ensure that the appointed agents comply with legal requirements, adhere to contracts, and play a crucial role in stabilizing foreign exchange rates, the foreign exchange market, and socio-economic development.
VietnamNet
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Peter Schiff: Gold, Silver 'Ready to Explode Higher' — Sees 'Biggest Precious Metals Bull Market in History' – Markets and Prices Bitcoin News
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US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns – News Bytes Bitcoin News
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Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain | CoinTelegraph
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JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian | CoinTelegraph
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IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar – Economics Bitcoin News
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BRICS joining hands with North Korea to fight against US dollar dominance? | The News
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The Ticking Time Bomb Has Started For Tether! When It Erupts, EVERYTHING WILL FALL Including XRP!! | Youtube
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Recession has begun since October of 2023 | Youtube
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Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
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Subscribe to Newsletter
Thank you Dinar Recaps
News, Rumors and Opinions Monday AM 5-13-2024
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
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 Mon. 13 May 2024
Compiled Mon. 13 May 2024 12:01 am EST by Judy Byington
Sun. 12 May 2024: US Debt Clock: New Money Incoming! The Power of Precious Metals – Know What You Hold!!! – American Media Group (amg-news.com)
Gold Standard 2.0 QFS Stable coins and Blockchains Forging Our GCR: Instead of governments imposing CBDCs onto We the People, the GCR imposes control, transparency and tracking of every government transaction. https://ai3d.blog/gold-standard-2-0-stablecoins-and-blockchains-will-forge-our-gcr/
Global Financial Crisis:
Sat. 11 May 2024: Ed Dowd & Greg Hunter: Huge Financial Shock Inevitable & Hitting Now! – Must Video | Opinion – Conservative | Before It’s News (beforeitsnews.com)
Sun. 12 May 2024: The International Monetary Fund is warning that widening geopolitical divides are disrupting Global Trade flows, creating spillover effects that are dividing the World’s economies into competing blocs. The foundation of the system is slowly changing. …Debt Clock on Telegram Sun. 12 May 2024
THE EVENT Biblical Revelation Unfolds: This plan includes a shift from traditional financial systems to precious metal-backed currencies.
Read full post here: https://dinarchronicles.com/2024/05/13/restored-republic-via-a-gcr-update-as-of-may-13-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Once the COM [Council of Ministers] gets it [Budget] they'll vote on the amendments and then they'll forward that on to the House of Representatives. I don't know that we're waiting for all of that... Alaq's job is to be independent and part of his job is the exchange rate. If there's going to be a change he's the guy that's going to be acting in a manner to do so.
Sandy Ingram The IQD was not convertible to other currencies on global markets before the 2003 invasion...Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets...People with education in economics say the Iraqi currency will be readily available for exchange in US banks...The question then becomes (How long will it take US banks to recognize the currency after the initial increase in Iraq? Oh, you believe it will all happen on the same day? We would hope so, however this is unlikely... Savvy investors may have to travel for the exchange rate...If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? ...We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars
Unprecedented Crisis: Domino Effect Of Defaults On Horizon | Nomi Prins
David Lin: 5-12-2023
Dr. Nomi Prins, best-selling author and geo-economist, discusses the permanent distortions on the economy created by central bank policies, and the dangers facing the economy in 2024 and beyond.
0:00 - Intro
1:00 - Economic slowdown
6:13 - Collusion
9:56 - Shifting of super powers
12:50 - U.S. dollar hegemony
15:00 - Fed rate cuts
20:43 - Inflation
22:43 - Domino effect of failures
24:20 - Labor market
25:24 - Geopolitical risks
29:00 - Investment implications
Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24
Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24
Good Evening Dinar Recaps,
Breaking: Ripple CEO Brad Garlinghouse on SEC Lawsuit, Crypto Predictions, XRP Victory | CoinGape
If you think that cryptocurrency is not part of the Presidential race this year, you might want to think again. The population is watching very closely on how Congress deals with our new digital economy.
At the end of June, our Markets in Crypto Assets and Stablecoins are about to become law. We have some coins that just simply won't cut the mustard after that date.
These new regulations becoming law will set directives on their use and their value going forward. Gold and other Commodities will back these tokenized assets and stablecoins that are going to be backed with enough gold and other commodities to keep these digital currencies at a stable value to represent their countries' currency.
Quite simply, unless you hold a digital asset that is part of the new QFS, you may find some of your assets being either banned or just simply going away.
Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24
Good Evening Dinar Recaps,
Breaking: Ripple CEO Brad Garlinghouse on SEC Lawsuit, Crypto Predictions, XRP Victory | CoinGape
If you think that cryptocurrency is not part of the Presidential race this year, you might want to think again. The population is watching very closely on how Congress deals with our new digital economy.
At the end of June, our Markets in Crypto Assets and Stablecoins are about to become law. We have some coins that just simply won't cut the mustard after that date.
These new regulations becoming law will set directives on their use and their value going forward. Gold and other Commodities will back these tokenized assets and stablecoins that are going to be backed with enough gold and other commodities to keep these digital currencies at a stable value to represent their countries' currency.
Quite simply, unless you hold a digital asset that is part of the new QFS, you may find some of your assets being either banned or just simply going away.
At the end of June, utility case digital assets will begin to drive the market over speculation, and the cryptocurrencies that survive going forward will have a purpose.
This could cause a Black Swan Event temporarily in the markets as new Tokenized Assets become adopted on a massive scale. Every sector of the market will begin feeling the pressures of movement into a real value in the second half of this year.
Ripple will begin to move assets across borders near and far. It will begin creating a level of competition with the dollar and other currencies, but the ability to level off Currency Market opportunities will commence at that time.
Ripple will be the common currency used to make currencies around the world have a real chance at going to a real value based on demand and supply backed by commodities. CoinGape
WATCH THE WATER.
© Goldilocks
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US House Committee set to address regulatory issues over digital assets through review of FIT21 Act | FX Street
The House Committee on Rules publicly announced intentions to address digital asset regulatory issues.
Financial Innovation and Technology for the 21st Century Act would be reviewed to better address the state of digital assets.
Billionaire Mark Cuban says that crypto is the way to win the votes of younger and independent Americans.
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Vietnam welcomes US consideration of market economy's status for VN | VietnamNet
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Vietnam: Market-economy status shouldn’t require a ‘perfect score’ | InsideTrade
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📈 Facing Today's #stagflation Reality | Youtube
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Uphold CEO On XRP, ODL & Mass Adoption! | Youtube
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FYI: I only post in this room, and people are welcome to take any information out of this room to other places.
I do not post outside of dinar land, but I have seen this information throughout the internet inside professional business venues.
This is a free gift to the group of people that I am a part of and always will be.
© Goldilocks
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Leading European bank to halve oil and gas exposure by 2025 | Offshore Technology
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Standard Chartered Bank to fund green Chinese firms in Africa-Xinhua | English News
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Scaling AML compliance with AI to prepare for the next black swan event | BAI
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Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
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Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
Economist’s “News and Views” Sunday 5-12-2024
NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US
Sean Foo: 5-11-2024
The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.
This is bad news for the Fed because rate cuts might not even come in 2024.
Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!
NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US
Sean Foo: 5-11-2024
The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.
This is bad news for the Fed because rate cuts might not even come in 2024.
Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!
Timestamps & Chapters:
0:00 ECB's Deadly June Cut
3:14 US Economy "A House Of Cards"
5:39 Cuts Signals Recession RISK
8:10 US Consumer Sentiment Collapse
10:52 The Fed Is Trapped
MARKETS A LOOK AHEAD: Is $20,000 GOLD Possible? Let's Talk About It...
Greg Mannarino: 5-12-2024
CHINESE Yuan Knocked Down EURO: Who is next?
Fastepo: 5-12-2024
As of April 2024, the Chinese yuan continues to hold its position as the world's second-most used currency in SWIFT trade settlements surpassing Euro, maintaining a significant share of 5.8% of international payments since September 2023.
This status underscores China's growing economic influence and its strategic moves to internationalize its currency, aligning with its broader geopolitical and economic goals, including engagements within the BRICS bloc.
The rise in the yuan's usage in global finance is attributed to several factors, including China's extensive trade networks and increased acceptance of the yuan in trade finance, particularly in regions experiencing economic volatility.
The yuan's role as a trade and reserve currency has been strategically bolstered through bilateral agreements and the establishment of currency swap lines with various central banks worldwide.
Overall, the yuan's ascent in the rankings of global currencies is a reflection of China's advancing economic stature and the international community's increasing confidence in engaging with its currency for global trade and finance transactions.
In this video, we'll delve into the current dynamics of two major currencies: the Chinese Yuan and the Euro.
We'll explore the strategic initiatives that China and the European Union are implementing to shape the future of their currencies.
Additionally, we'll discuss how China's involvement in the BRICS alliance has bolstered its position in the global trade arena.
And finally, in the video, we will compare digital currency developments in China with those in the European Union, examining how each is advancing their digital currency initiatives.
More News, Rumors and Opinions Sunday Afternoon 5-12-2024
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 Sun. 12 May 2024 Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington
Apparent Timing of Operation Storm and the Global Currency Reset: (RUMORS)
Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly) began.
Fri. 3 May: Iraq (Allegedly) celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.
Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly) completed.
Mon. 6 May: Wells Fargo(Allegedly) gave the Green Light for the Global Currency Reset.
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 Sun. 12 May 2024
Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington
Apparent Timing of Operation Storm and the Global Currency Reset: (RUMORS)
Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly) began.
Fri. 3 May: Iraq (Allegedly) celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.
Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly) completed.
Mon. 6 May: Wells Fargo(Allegedly) gave the Green Light for the Global Currency Reset.
Sat. 11 May: Multiple sources including the US Treasury said that Tier4b (us, the Internet Group will (Allegedly) begin currency exchanges and Zim Bond redemption.
On Tues. 28 May 2024 US (banks?) will be (Allegedly) transitioning it’s T+2 Equity Cycle to T+1 which will have a significant impact on operating financial models across the World. Moving to a 1 day settlement will impact markets not just in the US but globally as well where the velocity of money will double in speed.
Global Currency Reset:
Judy Note: No information has been received about Tier4b (us, the Internet Group) start of the Global Reset exchange and redemption appointments. The last we heard was that everyone was prepared to have them begin this weekend.
Fri. 10 May 2024: Zimbabwe’s Economic Renaissance: Pioneering the Gold Rush with BRICS Alliance and Gold-backed Currency – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/05/12/restored-republic-via-a-gcr-update-as-of-may-12-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 This [new green 1000 fil note] is not a "lower note"...it falls under the category of fils. What does that mean? ...It takes 1,000 fils to make 1 dinar. What does that mean? It means the monetary reform is successful. It's brilliant! ...it is cheaper to print paper than it is to mint coins...They are not minting coins right now...these are called fils but they're in paper form...
Mnt Goat In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.
Peter Schiff and Steve Hanke Debate Inflation, Debt Crisis, Dedollarisation
David Lin: 5-12-2024
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, joins Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management, to debate their inflation outlook, causes of inflation, future of monetary policy, economic growth outlook, and interest rates.
0:00 - Intro
1:47 - Inflation outlook
18:35 - Fed monetary policy
29:00 - Causes of inflation
36:40 - Economic growth outlook
52:50 - Investment implications
55:10 - Dedollorization
56:55 - Bond yields outlook
59:50 - Bitcoin
1:00:56 - Peter Schiff
1:02:06 - Steve Hanke
“Tidbits From TNT” Sunday 5-12-2024
TNT:
Tishwash: Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad
Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.
The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .
During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”
TNT:
Tishwash: Al-Sudani confirms Iraq's readiness to hold the next conference of the Arab Network in Baghdad
Prime Minister Muhammad Shiaa Al-Sudani received, this Sunday morning, the Secretary-General of the Arab Network for National Human Rights Institutions, Sultan bin Hassan Al-Jamali, and his accompanying delegation.
The meeting witnessed, according to a statement by the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussion of the human rights file, the work of local, regional and international organizations in this field, and a review of the development witnessed by the Iraqi legal and constitutional environment, in ensuring the rights of individuals and groups and general civil rights.” .
During the meeting, the Prime Minister affirmed, “Iraq’s readiness and welcome to hold the next conference of the Arab Network in the capital, Baghdad, as part of the government’s efforts to create the general climate for the work of human rights institutions and organizations, and to hold conferences and development workshops that support their activities.”
The statement added, "The meeting also witnessed a review of the current events in the Gaza Strip and the continued aggression against our Palestinian people, the human rights violations that violated all international moral standards, and the role of the international community, with its human rights and legal institutions and organizations, in stopping these organized crimes." link
Tishwash: Iraq is the largest producer.. OPEC+ is pumping higher than scheduled and in anticipation of the June meeting
OPEC+ crude oil production decreased by 210 thousand barrels per day on a monthly basis, to 41.04 million barrels per day last April.
This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.
However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.
The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.
Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.
As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.
Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day. link
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Tishwash: Al-Sudani: Dozens of international companies compete to invest wealth in Iraq
On Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony of announcing licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas fields and exploratory blocks, distributed among 12 governorates, as these strategic projects will contribute to increasing investments in those governorates, which will help... Improving its economic and service reality.
Iraq expects to obtain more than 3,459 million standard cubic feet per day of gas, and more than one million barrels of oil per day, through these two rounds.
In a speech he delivered during the ceremony, according to a statement by his media office, Al-Sudani welcomed representatives of Arab and foreign companies, praising the efforts made by the Ministry of Oil, which is the beginning of greater efforts and opportunities that will be reflected in every aspect of our national economy.
He also expressed his appreciation for the efforts made by the relevant agencies and ministries, which resulted in creating the appropriate environment for launching these projects.
The Prime Minister referred to the government program that devoted a wide scope to the government’s vision of achieving the slogan (towards optimal investment of oil and gas), by adopting a new policy in investing oil wealth. He also stressed the commitment of the government and all state institutions to work away from bureaucracy and complex routine, in order to Facilitating the business and investment environment.
The statement summarized the highlights of the Prime Minister’s speech:
The expected revenues must be used to advance the rest of the economic fields that our people are waiting for.
Iraq is a difficult number in the world's energy and oil wealth equation.
Our goal is to invest this wealth, starting with ending the burning of associated gas, which will stop within 3-5 years, and stopping the devastating environmental effects of this process.
We are heading to invest our oil production and transform it into petrochemical manufacturing industries.
Our goal is to convert 40% of oil production over the next 10 years into oil products.
Free gas investment, which is being implemented through the sixth round, is the most important investment for this idle wealth.
We are proceeding with integrated oil projects, which have been announced, and are being discussed with companies regarding them.
The establishment of a fixed gas platform in the Grand Al-Faw Port, together with the development road project, which includes an oil and gas transportation line, will establish a new situation for Iraq in the operating energy market.
The Ministry of Oil worked to prepare for these tours, through workshops and meetings with consultants.
We have dozens of international companies competing to invest wealth, and this is evidence of Iraq's increasing interconnectedness with the global economy.
We have initiated real reforms in tax, customs, and banking reform, to complete the ideal investment environment for the work of oil companies.
We direct the Ministry of Oil to formulate this policy and rush strongly without hesitation to develop optimal plans for investing wealth, and you will find full support from the government and the House of Representatives.
We will not pay attention to obstructive voices, and we stress the Ministry of Oil to take confident and expressive measures.
We call on investing companies to begin their tasks as soon as possible.
We were keen to distribute the projects in more than one governorate. To achieve the broadest development in all governorates of Iraq. link
Mot: . Seeeeeeeeeeeee - Told Ya!!!
Mot: ........ sorry
Mot: . whats its All about
News, Rumors and Opinions Sunday Morning 5-12-2024
KTFA:
Frank26: "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26
Al-Sudani launches a package of new service projects in Babylon
5/9/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”
He added, "The projects include:
KTFA:
Frank26: "BILLIONS FOR THE ECONOMIC REFORM... EQUALS A NEW EXCHANGE RATE."........F26
Al-Sudani launches a package of new service projects in Babylon
5/9/2024
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani launched a package of new service projects in Babil Governorate worth (1,276,740,000,000) dinars.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “Prime Minister Muhammad Shia’ al-Sudani, during his visit to Babil Governorate, today, launched a package of new service projects worth (1,276,740,000,000) dinars.”
He added, "The projects include:
-Integrated projects for sewage, sewage, and rainwater in (Al-Qasim, Al-Hashimiyeh, and Al-Madhatiya districts), with a total amount of (364,500,000,000) dinars.
-An integrated project for sewage, sewage and rainwater networks for Al-Kifl district, amounting to 134.2 billion dinars.
-A link road with the highway (Basra - Baghdad), via the Imam - Anana district - to Al-Ibrahimiya in the Hindiyah district, at a cost of 320 billion dinars.
-Management and operation of Imam al-Sadiq Hospital (peace be upon him), by a specialized foreign company for $60 million.
- Referring the large Hilla sewer project/second phase to implementation at a cost of $287 million. LINK
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Frank26: "THE REALITY IS A NEW EXCHANGE RATE!!!".........F26
It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support
5/9/2024 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. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank friend told me that [the new green 1000 dinar note] is on the CBI website. FRANK: Fils will not only be in precious metals but they will also be in paper...You might see an article about this today or tomorrow...Look at this note [new green 1000]...it looks like a 1000 note but...this green one is going to become part of your ability to give back change. FIREFLY: None of us have seen this before. FRANK: This is 100% proof you have a new monetary reform coming because if they're going to introduce these fils in a paper form then that means you have a new exchange rate to adjust to it.
Militia Man Article: "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?" The bottom line is Iraq is going to make an exchange rate change. They've told you about it...A managed float is a mix of a fixed and a float...Are they going to change it to a free float? Probably not because there's a lot of risks at that stage...Ultimately what is their goal? Raising the value of the dinar against the dollar. That's what they're going to be trying to do...
States Say "NO" To Overreach by UN, WHO, & WEF | Alex Newman
Liberty and Finance: 5-11-2024
America's founding fathers wrote that it was the "rightful remedy" for the state governments to interpose between the federal government and the citizens of the states.
Throughout US history, state governments have nullified overreach by the federal government and protected the rights of citizens.
Journalist, author, and educator Alex Newman joins us to discuss recent state bills that are now protecting citizens against overreach by unelected international organizations.
Louisiana Senate Passes Bill to End State Cooperation with UN, WHO, & WEF: "The proposed law declares, 'The World Health Organization, United Nations, and the World Economic Forum shall have no jurisdiction or power within the state of Louisiana.' ” https://blog.tenthamendmentcenter.com/2024/03/louisiana-senate-passes-bill-to-end-state-cooperation-with-un-and-who/
INTERVIEW TIMELINE: 0:00
Intro 1:20 Preparedness
7:32 Sheriffs conference
14:00 Constitution and state's power
23:33 Alex Newman's resources
Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez
Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez
Kitco News: 5-11-2024
Jeremy Szafron, Anchor at Kitco News, interviews Jp Cortez, Executive Director of the Sound Money Defense League, to discuss the transformative steps states across the U.S. are taking to remonetize gold and silver.
In this interview, Cortez explains how states are eliminating taxes on precious metals to restore them as viable money and combat inflation.
Cortez also dives into federal initiatives aimed at solidifying the constitutional stance that treats gold and silver not just as assets but as legal tender.
Gold & Silver Taxes Dropped in 45 States, 13 End Capital Gains: Why It 'Scares' the Fed - Jp Cortez
Kitco News: 5-11-2024
Jeremy Szafron, Anchor at Kitco News, interviews Jp Cortez, Executive Director of the Sound Money Defense League, to discuss the transformative steps states across the U.S. are taking to remonetize gold and silver.
In this interview, Cortez explains how states are eliminating taxes on precious metals to restore them as viable money and combat inflation.
Cortez also dives into federal initiatives aimed at solidifying the constitutional stance that treats gold and silver not just as assets but as legal tender.
This interview covers the potential impacts on the economy, the philosophy behind sound money, and the practical implications for everyday Americans.
00:00 Introduction
01:30 The Importance of Sound Money
03:30 State Legislation on Precious Metals
06:00 Impact on Individual Finances:
09:00 Federal Policies and Sound Money
12:00 Addressing Common Criticisms
15:00 The Role of Gold and Silver Today
18:00 Practical Challenges and Solutions
22:00 Conclusion
“Tidbits from TNT” Saturday 5-11-2024
TNT:
Tishwash: A $700 million agreement is signed between Iraq and Italy to finance these projects
Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.
Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."
TNT:
Tishwash: A $700 million agreement is signed between Iraq and Italy to finance these projects
Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.
Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."
He added, "As part of the government's initiative to support the private sector, memorandums of understanding were also signed between Iraqi businessmen and businessmen from Italian suppliers of production lines and factories to supply 6 factories to Iraq," indicating that "these factories include glass products, medicines, slaughterhouses, poultry and egg rearing, and gas processing." The facility, an iron factory, and a pharmaceutical factory.” link
Shybaby: Iraq requests end of UN assistance mission by end-2025
BAGHDAD (Reuters) –
Iraq has requested that a United Nations assistance mission set up after the 2003 U.S.-led invasion of the country end its work by the end of 2025, saying it was no longer needed because Iraq had made significant progress towards stability.
The mission, headquartered in Baghdad's heavily fortified Green Zone, was set up with a wide mandate to help develop Iraqi institutions, support political dialogue and elections, and promote human rights.
Prime Minister Mohammed Shia al-Sudani said Iraq wanted to deepen cooperation with other U.N. organisations but there was no longer a need for the political work of the U.N. assistance mission, known as UNAMI.
The mission's head in Iraq often shuttles between top political, judicial and security officials in work that supporters see as important to preventing and resolving conflicts but critics have often described as interference.
"Iraq has managed to take important steps in many fields, especially those that fall under UNAMI's mandate," Sudani said in a letter to U.N. Secretary-General Antonio Guterres.
Iraq's government has since 2023 moved to end several international missions, including the U.S.-led coalition created in 2014 to fight Islamic State and the U.N.'s mission established to help promote accountability for the jihadist group's crimes.
Iraqi officials say the country has come a long way from the sectarian bloodletting after the U.S.-led invasion and Islamic State's attempt to establish a caliphate, and that it no longer needs so much international help.
Some critics worry about the stability of the young democracy, given recurring conflict and the presence of many heavily armed military-political groups that have often battled on the streets, the last time in 2022.
Some diplomats and U.N. officials also worry about human rights and accountability in a country that frequently ranks among the world's most corrupt and where activists say freedom of expression has been curtailed in recent years.
Iraq's government says it is working to fight corruption and denies there is less room for free expression.
Somalia's government also requested the termination of a U.N. political mission this week. In a letter to the Security Council, the country's foreign minister called for the departure of the Nations Assistance Mission in Somalia (UNSOM), which has advised the government on peace-building, security reforms and democracy for over a decade. He provided no reason.
Metro Portal (newsroomlabs.com)
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Tishwash: They prefer to put their money in their homes.. When will the banking sector gain the trust of Iraqis?
The citizen prefers that keeping his cash in his home is a guarantee of its security, rather than having it in institutions that they do not trust in to house this money, which has led to the impeding the growth of the banking system in the country, while the Iraqi government is trying to attract cash liquidity by automating the citizen’s daily transactions. Through electronic payment cards and other plans to restore this trust between the citizen and the Iraqi banking system.
Banks, in turn, increased the number of their bank branches. Many private banks were opened throughout Iraq to enhance accessibility and enhance financial inclusion, while observers explained that the citizen must give these banks an opportunity to achieve economic growth in the country, while others attributed the lack of this confidence to weakness. The scarcity of banking services made them unable to attract citizens and merchants, in addition to the high interest rates on loans and advances.
Support banks
While the majority of banks in Iraq represent 90.5% (67 out of 74 banks) of the total number of banks. It is owned by the private sector and also owns the capital of the banking sector in Iraq.
Banking expert Saif Jawad Al-Halafi confirms, “One of the foundations of banking is banking comprehensiveness in diversifying the banking services provided to the public, and that the bank does not depend in making profits on a banking operation that it monopolizes as a result of the availability of external regional factors affecting Iraq’s foreign trade movement.”
Noting that, “The investor has the right to reap profits, but our banks also have the right, even if they are marred by some wrong banking behavior for a certain period, they have the right to be included with everyone in enjoying all the banking services available in the Iraqi banking arena and in foreign trade, from opening credits or transfers.” "External".
Maintaining the banking sector
Al-Halafi explains in an exclusive interview with Al-Mada that “all Iraqi banks must be supported without exception, whether they are fully owned by Iraqis or there are foreign contributions participating in Iraqi capital.” Pointing out, “There is a crowd of depositors and investors in these banks, and the government must provide all full support to all of them because one of the basics of the Iraqi national security standard, and one of the most important points, is to maintain the strength of the banking sector without being subjected to pressures or tremors that overthrow some.” Banks, because you will affect the rest of the Iraqi banks as a whole.”
Al-Halafi continues, “The journey of establishing Iraqi banks and the Baghdad stock market is an arduous journey, the journey of which began with the late Hassan al-Najafi, so we must support our banks, whether that is with constructive criticism or correction.” Stating, “What is sad is that the Iraqi banking sector is older than all neighboring countries, and for this reason we never allow our banks to let us down because they are our security and the future of Iraqi foreign trade, and they have the right to contribute to all banking and economic activities without exception, especially in the upcoming Al-Faw port project.” And also the path of development.
risk
While most Iraqis avoid crediting their assets to traditional commercial banks because of their doubts and the political differences that arise from time to time, in addition to the fact that there are those who have religious reservations.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, stated that “the vision of the government curriculum is moving towards implementation with consistent steps, all of which lead towards successive reform applications and according to a systematic and comprehensive structure that addresses the details of the national economy and according to the priorities drawn up from the beginning.” Pointing out, “It is known that the contribution of government sectors to the country’s gross domestic product is about 63%, as the Iraqi economy is the fourth economy in the world in terms of the government sector’s dominance in generating gross domestic product.”
Saleh added in an interview with Al Mada, “Economic reform inevitably begins with the government economy, which has the greatest contribution to the growth of the country’s national income.” Noting that, “With a closer look, the reform priorities started today from the government finance sector, and we mean government banking activity, which currently dominates 85% of banking operations in the country, but operates with capital or ownership rights that constitute only 22% of the total banking capital.” In the country, which made it restricted in the development of general economic activity and the development of the market economy, and since finance is an activity that precedes real productive activity in terms of importance and logic, Prime Minister Muhammad Shiaa Al-Sudani adopted a scientific and practical approach by moving towards reforming the government commercial banking system.
Achieving financial inclusion
The lack of experience, lack of services, and lack of banking culture led to a collective alienation from the entire banking sector, which hindered the development of this important system in the country.
As Saleh returns to update (Al-Mada), that “to begin with, one of the largest international companies specialized in reform studies and financial, accounting and administrative auditing was commissioned to prepare an accurate assessment of the reality of government banks in order to achieve comprehensive reform processes for the government banking system itself, and at the forefront of that is Generating a government commercial bank that directs directly towards the market economy and financing trade and investment, achieving financial inclusion, enhancing the levels of credit granted to the market, and introducing advanced technologies, financial applications and payment systems into this new banking system that will work on broad foundations of banking governance, compliance and driving growth and development rates. Sustainable economic growth, in addition to adopting the necessary legal applications to enhance property rights and raise their capital to record levels in accordance with the principles of banking (Bazal) that are applied globally.”
He added, "Also, providing mechanisms for its openness and integration with the global banking market. It is no secret that the other and important aspect of government banking reform will undoubtedly lead to the birth of banking specialized in government financial operations, exercising exclusively banking functions related to government operations, and at the same time helping in the development of treasury account mechanisms." The unified TSA is the account that gives public finance the real-time ability to know the country’s government cash flows with high efficiency.”
He concludes his speech by saying, “The reform processes will also include, in the stages of their work, specialized banks such as the Industrial, Agricultural, and Real Estate Bank, as they will operate in the future as a development bank, in which property rights will be strengthened by making them a profitable and strong public shareholding company that contributes to financing private investments in economic development through grants.” Flexibility and adequacy in granting credit for productive investment operations, with a view consistent with the targeted growth rates in gross domestic product, which is indicated today by the National Development Plan 2024-2028, and future national development plans.”
It is noteworthy that Iraq includes 72 registered banks, including 38 banks participating in the auction for selling American currency at the Central Bank. However, the US sanctions that recently affected 14 banks, and other banks that were subject to similar sanctions months ago, led to the number of banks participating in the The currency auction is now being sold by only 18 banks. link
Mot: .. the card
Mot: ... Look Familar!! ????
Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24
Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24
Good Evening Dinar Recaps,
EUROPEAN BANKING AUTHORITY MICA ANNOUNCEMENT:
"The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation (MICA)"
Specifically, stablecoins and tokenized assets are currently in the comment stage and ready for the white papers.
A white paper is a final document ready for implementation for business owners in an industry to utilize as a reference guideline. In this case, this particular white paper is for countries around the world to use these stablecoin and asset regulations as a guideline for creating a standardized stablecoins and digital assets they can use Globally.
Remember, Stablecoins and Market assets are a digital representation of a country's currency and the assets they pay for going forward. The standardization process of our Global currencies is currently in their final phases. EBA Europa CorporateFinanceInstitute
© Goldilocks ~~~~~~~~~
Goldilocks' Comments and Global Economic News Saturday Evening 5-11-24
Good Evening Dinar Recaps,
EUROPEAN BANKING AUTHORITY MICA ANNOUNCEMENT:
"The EBA publishes final draft technical standards under the Markets in Crypto-Assets Regulation (MICA)"
Specifically, stablecoins and tokenized assets are currently in the comment stage and ready for the white papers.
A white paper is a final document ready for implementation for business owners in an industry to utilize as a reference guideline. In this case, this particular white paper is for countries around the world to use these stablecoin and asset regulations as a guideline for creating a standardized stablecoins and digital assets they can use Globally.
Remember, Stablecoins and Market assets are a digital representation of a country's currency and the assets they pay for going forward. The standardization process of our Global currencies is currently in their final phases. EBA Europa CorporateFinanceInstitute
© Goldilocks
~~~~~~~~~
"On May 7, 2024, the European Banking Authority (EBA) published three final drafts of technical standards developed under Regulation (EU) 2023/1114 on crypto-assets, the so-called Market in Crypto-Assets Regulation (MICA), published in the Official Journal of the European Union on June 9, 2023.
With reference to the timeline for applicability of the MICA Regulation, it will be applicable in its entirety from December 30, 2024; however, the requirements set for asset-referenced tokens and e-money tokens will be applicable starting from June 30, 2024."
I know some of you look for dates and rates only, so I'm going to make the above articles more specific to those looking for important dates.
On June 30th, the digital markets and the e-money used to pay for those assets through the banking system are to be done by June 30th, 2024. PwC TLS
© Goldilocks
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MICA activating new laws on June 30th, 2024 regarding our digital assets and stablecoins will begin the process of institutional money being moved across borders.
This will begin the process of putting price pressures on foreign currency exchange rates going forward. This does not mean we'll see those changes right away, but we will begin seeing movements of money in ways we have not seen before.
Credit valuation adjustments will be happening across the board throughout the second half of this year. Some assets will go up and others will go down. In the end all assets will be in process of finding their equilibrium inside the new digital economy.
© Goldilocks
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5 Major Banks Closing Many Locations in Idaho and Washington State | LiteOnline
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Treasury and IRS Release Final Regulations on Credit Transferability | JD Supra
On April 25, 2024, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (the Final Regulations) regarding the election to transfer energy tax credits under Section 6418 of the Internal Revenue Code of 1986, as amended (the Code), pursuant to changes authorized by the Inflation Reduction Act of 2022 (IRA). The Final Regulations update the initial proposed regulations issued on June 14, 2023 (the Proposed Regulations), discussed by Wilson Sonsini, relating to the transfer of eligible credits.
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JPMorgan Chase Implements Quantum-Secured Network | IOT World Today
JPMorgan Chase researchers have successfully implemented a high-speed, quantum-secured crypto-agile network (Q-CAN), connecting two data centers over existing fiber optic cables.
The demonstration was conducted in an air-gapped environment over 29 miles of deployed telecom fiber across Singapore and achieved 45 days of continuous operation.
Quantum-safe communication is an increasingly pressing issue as large-scale quantum computers could break the cryptography used to secure transmissions.
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This Week in AI: Digital Agents, Quantum AI and Spy Chatbots | Pymnts
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Banking Giant Wells Fargo Holds Spot Bitcoin ETF on Behalf of Clients, According To New SEC Filing - The Daily Hodl
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Senate Urged to Swiftly Overturn SEC's 'Misguided' Crypto Rules – Regulation | Bitcoin News
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US Elections: Stand With Crypto forms committee to support pro-crypto candidates | FinExtra
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🚨*Ripple CEO Brad Garlinghouse Warns About A Blackswan Coming*🚨 | Twitter
He Discusses How The US Government Is Coming After Tether.
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Goldilocks Posts are Broken Down Weekly on Saturday Nights!
TONIGHT! Saturday Night Live Call with Freedom Fighter breaking down Goldilocks Posts from this Week, with Jester too! Come join the call and learn what is happening with the new QFS!
SNL Call Link Freedom Fighter's Bio
9 pm EDT / 8 pm CDT / 6 pm PDT
The Saturday Night Q & A room will be open an hour before the call and remain open during the call for Questions to be answered during the call at the end!
The calls are recorded and will be posted in the Archive room after the call
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