More News, Rumors and Opinions Wednesday PM 12-25-2024
Gold Telegraph: All Eyes on the Federal Reserve for 2025
Dec 24, 2024
The majority of economists once focused on predicting events with accuracy. Now, their role has shifted to crafting illusions designed to deceive. Imagine doing this for a living?
2025 will be the golden age.
Let’s hope we are entering an era where the Federal Reserve is finally held accountable, enabling a world buried in debt and crushing the economic future of generations to come. New article soon.
ALL EYES ON THE FEDERAL RESERVE FOR 2025?
Elon Musk says the Federal Reserve is overstaffed. Understatement.
For 25 years, they have papered over every crisis with a flood of excessive credit, creating illusions of stability while deepening the cracks.
Get this:
In 2022, the Federal Reserve spent $5 billion on salaries and pensions for 23,000 employees.
This averaged: $217,000 per employee.
Earlier this year, Jerome Powell declared it’s long overdue for an adult conversation on unsustainable fiscal policy.
Ironically, The Federal Reserve fuelled this path by anchoring rates at zero for years. Something has to give?
BREAKING NEWS: THE BIGGEST BANKS ARE PLANNING TO SUE THE FEDERAL RESERVE OVER THE ANNUAL BANK STRESS TESTS
Merry Christmas.
“In July, the groups accused the Fed of being in violation of the Administrative Procedure Act, because it didn’t seek public comment…”
Japan’s finance minister has issued another warning about excessive foreign exchange fluctuations. He says the country is ready to step in and stabilize the yen. U.S. Treasuries…
Merry Christmas and Happy Holidays everyone.
https://dinarchronicles.com/2024/12/24/gold-telegraph-all-eyes-on-the-federal-reserve-for-2025/
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KTFA:
Clare: Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq
12/25/2024
The economic and financial expert, Abdul Rahman Al-Mashhadani, attributed, on Wednesday, the reasons for the rise of the dollar against the Iraqi dinar to the rumor of the holidays and New Year's Day.
Al-Mashhadani said in an interview with Shafaq News Agency, "The promotion of stopping the platform is a major reason for the rise in the price of the dollar," indicating that "this rumor that spread showed that foreign transfers will stop."
He explained that "this rumor is false, as 97% of the transfers made through the window were transferred to banks that have correspondent banks in a way that enhances the balances. Also, the Christmas holiday is another reason for the demand for the dollar, as there is a lot of travel during these days."
Al-Mashhadani expected that "the situation will stabilize and the dollar will return to its normal status after the holiday."
The dollar price rose gradually in local markets, recording 152,300 dinars for every 100 dollars in the Al-Kifah and Al-Harithiya stock exchanges, and 152,200 dinars for every 100 dollars in Erbil, the capital of the Kurdistan Region. LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO the lower denominations, the lower notes that will be passed out are now in the [Iraqi] banks, are now in the position ready to be handed over to the citizens...
Frank26 There is a plethora of very good informative monetary reform education articles that are coming out that are causing this great pressure of information, a venturi effect of information to the Iraqi citizens. This is the time to do that...We say to ourselves, 'Wow! They're telling the citizens they're going to add value to their currency by giving them purchasing power by lifting the three zeros from the exchange rate. Wow!'...This monetary reform education right now, it's so much of it. It's cornucopia that is filled. It's a piñata that got busted open and it's spilling everywhere, every day.
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'Get the Hell Out of Credit' - Only Gold Survives Coming Collapse: Alasdair Macleod
Commodity Culture: 12-25-2024
Alasdair Macleod believes that interest rates rising signal an impending collapse of the credit market that will wipe out stocks, bonds, and crypto without prejudice, and when that event occurs, only gold in your hand will provide some salvation.
Alasdair hones in on the 10 Year Treasury rate and why it's flashing red, in addition to discussing recent massive deliveries of both gold and silver on the COMEX, why Russia may be headed towards a gold standard, and much more.
00:00 Introduction
00:40 Interest Rates Hold the Key
07:22 Danger of Rising Yields on Treasuries
11:36 Massive COMEX Deliveries
19:41 Huge Gold Demand in Asia
23:33 Is Silver Truly Undervalued?
31:26 Geopolitical Uncertainty
38:54 Canada's Economic Woes