Economist's "News and Views" Saturday 9-30-2023

Citibank Already Starting To Ditch The Dollar, Markets Are Now Freaking Out

Atlantis Report:  9-30-2023

What happens when 90% of the American population finds out that years of savings and investment into 401 k retirement has disappeared?

Calls to move away from relying on the dollar for trade are already growing. More and more countries; from Brazil to Southeast Asian nations; are calling for trade to be carried out in other currencies.

The United States dollar has been king in global trade for decades; not just because America is the world’s largest economy, but also because oil is priced in the greenback.

Most commodities are also priced and traded in dollars.

But since the Federal Reserve embarked on a journey of aggressive rate hikes to fight domestic inflation, many central banks around the world have raised interest rates to stem capital outflows and a sharp depreciation of their own currencies.

https://www.youtube.com/watch?v=3nh2FrhVmRo

Economist Perfectly Called Inflation, Now Predicts Fed Pivot, Recession In 2024 | Steve Hanke

David Lin:  9-30-2023

Steve Hanke, Professor of Applied Economics At Johns Hopkins University, predicts that by 2024, inflation will drop to 1% to 2%, there will be a recession, and the Fed will pivot.

0:00 - Intro

0:20 - Inflation review

4:55 - Inflation outlook

6:00 - Fed pivot

8:20 - Labor market

13:10 - Deflation?

14:55 - Price control

19:45 - Fiscal policy

24:20 - Government shutdown

26:50 - Soft landing?

30:43 - Gold sentiment

https://www.youtube.com/watch?v=m8WT2I-sHYY

THIS Is Unthinkable - America Considers Crossing The Economic Red Line

Sean Foo:  9-30-2023

In a shocking twist of events, America's special envoy is discussing the possibilities of using Russia's frozen reserves to rebuild Ukraine.

While this might be an immediate win for the West, it opens up Pandora's box to more de-dollarization risks and a complete breakdown of financial trust.

Here's what you must know & why the big winner will be physical gold.

Timestamps & Chapters:

0:00 Confiscating Russian Reserves

2:23 How This Can Happen

 4:22 Trust Will Break Down

6:19 De-Dollarization Will Accelerate

8:35 The Big Winner

https://www.youtube.com/watch?v=2s4cQ6nzsKo

Goldilocks' Comments and Global Economic News for September 30!th

Goldilocks' Comments and Global Economic News for September 30!th

~~Good afternoon Dinar Recaps,

BRICS Reviewing Global Payments System to Bypass US Dollar and Circumvent SWIFT: Report - The Daily Hodl

The global economic alliance known as BRICS is reportedly considering the launch of a global payments system that could sidestep the banking industry standard SWIFT....

* The BRICS alliance is considering the launch of a global payments system that could bypass SWIFT.

* The finance ministers of the BRICS countries will discuss the feasibility of a unified payments network at the next BRICS meeting.

* The network aims to boost independent efforts to create payment messaging systems within the BRICS countries.

* BRICS recently added Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the UAE to the group.

* Russia sees the future potential of BRICS as a way to reduce ties with the West and strengthen ties with the Southeast.

The sentiment of the article is generally positive, as it highlights the potential benefits of a global payments system for the BRICS alliance and their efforts to reduce reliance on the banking industry standard SWIFT.

Minmax AI News Link

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Blockchain-based payment network Stellar has launched an open-source disbursement platform for global payments. Stellar Launches Open-Source Platform for Global Payments...

* Stellar has launched an open-source disbursement platform called SDP for global payments.

* SDP aims to make digital payments faster, cheaper, and more transparent.It enables instantaneous financial transfers and real-time monitoring of payment distribution.

* SDP can be used for mass payouts, periodic payments, and converting digital currency into cash.

* Stellar's partnership with MoneyGram may continue despite the introduction of SDP.

The overall sentiment of the article is positive. It highlights the benefits of Stellar's SDP, such as faster and cheaper payments, as well as the potential for global adoption. The mention of the partnership with MoneyGram also suggests a positive outlook for the collaboration.

Minmax AI Link

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How Blockchain is Disrupting Cross-Border Payments...

* Blockchain-based payment networks are disrupting cross-border payments by improving speed, cost, and transparency.

Ripple and its XRP-powered On-Demand Liquidity product are leaders in this space, enabling banks to provide better cross-border payment experiences.

* The traditional correspondent banking system is slow, complex, and expensive, with settlement times stretching days or weeks and lack of visibility into fees charged.

* Blockchain enables transparent transfer of value between parties, using digital tokens as bridging assets between fiat currencies.

* Ripple's On-Demand Liquidity service eliminates the need for pre-funding international accounts and connects hundreds of banks and payment providers worldwide.

* Other trends in blockchain payments include PayPal enabling crypto funding sources, Visa's settlement coin, stablecoins like USDC, and the development of central bank digital currencies (CBDCs).

The article highlights the positive impact of blockchain on cross-border payments, emphasizing the improvements in speed, cost, and transparency. It also praises Ripple and its On-Demand Liquidity product as leaders in this space. Overall, the sentiment is optimistic and supportive of blockchain disruption in the payment industry.

Minmax AI Link

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Bitso integrates Stellar's Anchor Network, bridging traditional banking and blockchain for faster, cost-effective cross-border transactions....

* Bitso, a leading cryptocurrency exchange in Latin America, has partnered with Stellar Development Foundation to enhance the global payment corridor between Latin America and the rest of the world.

* The collaboration leverages Stellar's Anchor Network, which bridges the gap between the Stellar network and traditional banking systems, enabling seamless interoperability of global currencies on a single platform.

*Bitso's integration with the Anchor Network allows businesses worldwide to transact in USD Coin ($USDC) in Argentina, Colombia, and Mexico, where Bitso has direct connections to local banking systems.

* This development is a response to the growing trend of cross-border payments for international commerce and remittances.

* Bitso has processed $3.3 billion worth of transactions between Mexico and the U.S. and reported a 32% increase in total international transfers during the second half of 2022.

* Jeremy Allaire, Co-Founder, Chairman, and CEO of FinTech firm Circle, recognizes the Stellar-powered USDC as a swift, cost-effective Layer 1 solution for digital dollar payments worldwide.

The overall sentiment of the article is positive. It highlights the partnership between Bitso and Stellar Development Foundation to enhance global payments, emphasizing the potential of blockchain technology and crypto assets to improve settlement times and reduce costs.

Minmax AI Link

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"Project Mariana tested the cross-border trading and settlement of wholesale CBDCs. Successful trading and settlement of hypothetical euros, Singapore dollars and Swiss francs. DeFi elements tested in the project, specifically automated market makers, could form the basis for a new generation of financial market infrastructures."

It is important to keep in mind that this is wholesale CBDCs.  

It is the retail CBDCs that is having a difficult time being passed through Congress.

Unless there is a solution for the privacy issue in retail CBDC, the adoption of CBDC for the retail market has a long way to go.

© Goldilocks

https://www.bis.org/about/bisih/topics/cbdc/mariana.htm

Outlook India Link

"Registered by Commission order on January 22, 2016. SwapEx LLC applied for temporary registration as a SEF on July 30, 2013, in order to trade interest rate swaps for which the CME will act as a DCO as well as FX NDF products that are not presently listed for clearing by a DCO. At the request of SwapEx LLC, the Commodity Futures Trading Commission issued an order that vacates the registration of SwapEx as a swap execution facility (SEF) effective September 30."

Currently, we have 26 Swap Execution Facilities + 4 that are dormant and can be used for Forex currency trades.

As of today, SwapEx is now available to do FX trades.

© Goldilocks

SwapEx Link
SwapEx ORDER OF VACATION   

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Several Swap Execution Facilities (SEF) opened today for foreign currency exchanges. See link below.

And, we are now seeing some rates show up on conversion sites regarding XRP and XLM. Thank you Maria G for that info. See the link below.

XAU is a symbol used under the ISO 4217 currency standard to represent one troy ounce of gold.

© Goldilocks

https://x.com/_crypto_barbie/status/1708052863404909017?s=46

https://www.cftc.gov/PressRoom/PressReleases/8797-23

👇👇👇👇👇

Seems like #XRP and #XLM future worth has already been confirmed! XAU = ounce of gold Would be an XRP price of $17,297 and an XLM price of $7,112!

https://twitter.com/_crypto_barbie/status/1708052863404909017?s=46

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Abstract:

In this paper, we outline tokenization, which is a new and rapidly growing financial innovation in crypto-asset markets, and we discuss potential benefits and financial stability implications. Tokenization refers to the process of constructing digital representations (crypto tokens) for non-crypto assets (reference assets). As we discuss below, tokenizations create interconnections between the digital asset ecosystem and the traditional financial system. At sufficient scale, tokenized assets could transmit volatility from crypto asset markets to the markets for the crypto token's reference assets.

Federal Reserve Link

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Vietnam: Technical Assistance Report

Summary: This technical assistance (TA) report presents the outcomes of the scoping mission of a new TA project aimed at building capacity in macroeconomic analysis and forecasting in the Ministry of Planning and Investment (MPI). The MPI is establishing a Core Working Group (CWG) under MPI’s coordination that will carry out macroeconomic analysis using Macroeconomic Projection Tool (MPT) and integrate the results in the policy-making process.

Based on the mission’s findings and assessment, the mission team and the authorities agreed on a three-year TA action plan that includes training components during the early stage of the project. During Phase 1 (2023-24), the activities would focus on developing and operating the Macro-Framework Foundation Tool (MFT) and the Public Debt Dynamics Tool (DDT) to produce macroeconomic analysis and forecasting.

 Depending on progress, the MPT could be enhanced during Phase 2 (2025-26) and the tentative plan is to develop Comprehensive Adaptive Expectation Model (CAEM). The CWG will take the lead in implementing the activities and targets identified in the TA action plan and will be supported by the IMF TA team.

IMF Link

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Joint Statement on the U.S.-UK Financial Regulatory Working Group

Discussions were held on each jurisdiction’s banking regulation, including resolution-related updates, with participants discussing the importance of implementing reforms consistent with Basel III, and of ongoing dialogue among international partners when implementing these reforms.

https://home.treasury.gov/news/press-releases/jy1773

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GOLD & BATTLE FOR CONTROL?

A tug-of-war for the CONTROL over #gold pricing is starting to play out.

The countries of the Eastern world have been amassing physical gold for numerous years, while the majority of Western nations continue to only add to their debt pile.

Last year, Russia's Finance Ministry said it was critical to create the new Moscow World Standard to normalize the functioning of the precious metals industry and have an alternative to the LBMA.

This week, we saw a surge in gold prices in China, leading to a record premium over international prices, exceeding $100 an ounce.

Read full article: https://x.com/goldtelegraph_/status/1708165335441125862?s=46

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Goldilocks posted a message from Isaac!

“But understand I do not have contacts….I have buyers the us treasury , dod , admiral , hsbc several big plataforma that I have signed contracts with all and they paid already for the inspection several times" Isaac

@Isaac

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Goldilocks posted a message from Bernie Bsherse,(Charitable Religious Trust), 

"Isaac does not give clues.
Isaac gives cold, hard, dry facts.
It is established fact that Isaac is the owner of many types of Historic Bonds, and deals directly with the primary purchasers of the Bonds.
When Isaac knows that money has moved, he will tell us.
What Isaac will NOT do is speculate, and/or give mere hopium."  Bernie

@Bernie Bssherse

~~~~~~~~~

This is why you hear me speak of us not going in to exchange until Isaac goes.☝

See above.

* Goldilocks

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In a historic move, the Senate Banking Committee on Wednesday approved a bill that would make it easier for banks to serve state-legal cannabis businesses, positioning the legislation for a potential vote in front of the full Senate. 

https://www.bankingdive.com/news/cannabis-banking-bill-passes-senate-safer/694923/

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Thank you Dinar Recaps

Possible Bank Perks to ask for at your Exchange Appointment . From Recaps Archives

Possible Bank Perks to ask for at your Exchange Appointment .
 
AUM - Assets Under Management

1. No fees ever for foreign currency exchanges

2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.

3. Family Office Services

4. Perks can be based on AUM (Assets Under Management) in a tier grid

5. Discounts on AUM fees

6. No fees ever - no fee to deposit/wire transfer money

7. No Broker fees ever

8. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services

9.Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers) or Abbott Downing

10.Provide Senior Wealth Managers/Investment Bankers for selection

11.Tax/Business/Estate Attorney & CPA

12. Private transactions representation –assistance in buying a house/car/anything ( my trustee will purchase through my bank) 13.

Free Due Diligence Services provided for outside investment opportunities(research on any person or service) they will get it

14.100% funding availability (immediate Funds) before we leave

15. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees

16. Line of Credit available

17. Group Health Insurance - to cover the signers and families of depositors

18. Guarantee 12-15% interest per year on deposits

19. Bank Trading Platforms & Repurchase Agreement Sweep Accounts

20. Short Term/High Yield Interest Rates

21. Assist in opening an offshore bank account with affiliate bank for foreign investments

22. Access to information on great investment opportunities

23. Pre-IPO deals

24. Provide free Executive Privacy Plus subscription with Reputation.com

25. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final Four, World Series &the Olympics. Based on AUM in a tier grid

26. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid

27. Limousine & VIP transportation based on AUM in a tier grid

28. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in atier grid on flight hours per month

29. First Class seats/commercial airlines based on AUM in a tier grid

30. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage hours per year

31. Donations to our favorite charities (Banks matching a certain percentage)

32. Prime seats at charity events

33. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM

34. Membership fee & Annual fees to Inspirato Core resorts & residences

35. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually

36. ClubCorp Private Membership based on AUM

37. Spa & Massage Club Membership based on AUM in a tier grid

38. Concierge Services 24/7 based on AUM

39. Provide a free Vertu Ti cell phone & concierge subscription service for  members with $1 million and over AUM

40. Free Family Financial Education provided for group family members

41. Provide any and all other perks that was not mentioned

More News, Rumors and Opinions Saturday Afternoon 9-30-2023

TNT:

Tishwash:  Al-Fateh: The American decision still dominates Iraq.. What do we need to get rid of it?

Today, Saturday, the Al-Fatah Alliance said that the American decision is still “dominant” over Iraqi political decision-making, and while it confirmed that the country has not fully recovered, it indicated the possibility of removing Iraqi funds from American custody.   

The leader of the coalition, Aed Sahib, said in an interview with the Maalouma Agency, “America is putting pressure on Iraq because it has not completely emerged from the UN resolutions, especially since the process of removing Iraqi funds from American custody may cause the loss and seizure of these funds.”

He added, "The Iraqi state's decision has not fully recovered. If we want to compare the strength of the Iraqi decision and Qatar's in dealing with the United States of America, we notice that the latter has a very great advantage, as it possesses large sovereign funds."

The leader of the Al-Amiri coalition explained, “These policies confirm one thing, which is that Iraq has not officially recovered, and the American decision is still dominant and in control of Iraqi political decision-making.”

Sahib said: “We need a long period for Iraq to get rid of these accumulations and control its economic situation away from America.”

The head of the Victory Alliance, Haider al-Abadi, had previously confirmed that America is imposing measures on us regarding the dollar without stopping its smuggling through the banks of Turkey and the Emirates, indicating that Washington considers Iraq a “wall of fate.”

During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets.   link

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Tishwash: The Governor of the Central Bank talks about 9 files, most notably the exchange rate and inflation

9/30/2023

Central Bank Governor Ali Al-Alaq revealed the success of monetary policy in reducing the inflation rate in the country, and while announcing the date of abandoning the electronic platform, he pointed to the reasons for stopping the industrial initiative and imposing interest on housing loans.

 The Governor of the Central Bank, Ali Al-Alaq, said in an interview with the Iraqi News Agency (INA), followed by “Al-Iqtisad News”: “The Central Bank views the exchange rate as something directly related to the general level of prices in the country, and that the bank has succeeded in covering the needs of importers at the official price.”

He stressed that the monetary policy succeeded in maintaining the general level of prices through the most important indicators of inflation, which witnessed a decline, and this is the main matter that the Central Bank focuses on in the success of its monetary policy.

He added that “maintaining the general level of prices and a low inflation rate indicates The success of the monetary policy, especially after real traders engaged in the conversion process at the official rate, which gave reassurance in the conduct of foreign trade.”

The electronic platform
 
He pointed out that “the electronic platform witnessed many difficulties at the beginning of its work, which led to the reluctance of some people to enter it,” indicating that “the implementation rate in the electronic platform has now increased from 20 percent to 95 percent, and this gave reassurance that entering the platform provides speed and safety.” .
He pointed out that "accessing the electronic platform in the external transfer process spares all parties from the risks of being exposed to local and international sanctions," warning of some merchants who cannot work in an organized atmosphere and are looking for chaos, and that the Central Bank is working to contain this challenge in coordination with the government to besiege it. These are the categories that are being diagnosed and followed up.”

Al-Alaq stated that “90% of the Central Bank’s sales are for the purposes of remittances and external transfers, and they are proceeding smoothly and at the official price (1320), but the problem lies in the cash side, which represents 10% of internal daily sales,” indicating that “ten percent is sufficient.” To meet the needs of travelers, but some are trying to dominate by withdrawing the amount allocated to travelers, which creates pressure and an increase in the cash price, and these parties have been identified as carrying out illegal and criminal operations.”

Al-Alaq revealed the process of developing the cash sales system allocated to the traveler within a system prepared by exchange companies, and it is being developed to fill the gaps, and does not accept repetition and the unreal traveler,” denying that there is a tendency to stop selling cash dollars to travelers, and that the Central Bank has no problem in covering requests.

The correct and legitimate ones are within the categories (travelers - study - treatment - private transfers), as the bank provided this through financial transfer companies represented by (Western Union and Mini Card).”

Direct transfer

He explained that "the electronic platform is now being gradually transitioned to direct transfer between the Iraqi Bank and the correspondent bank, with an international auditing company in the middle, stressing that the Central Bank has cut the 60 percent that does not pass through the platform, but rather is a direct transfer."

Al-Alaq noted that "next year The Central Bank will permanently cease being an intermediary in the process, and the electronic platform will end next year and become direct transfer operations as internationally approved. This is a major shift that will put things on the right path, accelerate transfer operations, and intertwine relations with international banks.”

The truth about Iraq's loss of 27 trillion

He pointed out that “the idea of ​​linking the exchange rate to filling the general budget deficit is an inaccurate view, and that the central bank is responsible for determining monetary policy, determining the exchange rate within the indicators it has, and achieving the goal of monetary policy,” indicating that “the calculation process is for those who say that Iraq will lose 27 trillion.”

The difference between changing the exchange rate is a wrong process, and 30 percent of oil revenues do not enter the central bank, because the Ministry of Finance uses them for external payments, while the second part is that the exchange rate should not be linked to achieving balance in the budget.

US Treasury

Al-Alaq confirmed that “the US Assistant Secretary of the Treasury praised during her visit to Iraq the measures taken by the Central Bank to organize the external transfer process, implement compliance rules, combat money laundering and terrorist financing, and direct coordination between the Central Bank, the US Treasury and the Federal Bank, and there is very great American satisfaction.” In this context".

Penalties on banks.

He noted that “the Central Bank is conducting a review and audit process to diagnose violations on the 14 banks who were subject to restrictions and denial of access to the dollar,” indicating that “the Central Bank indicated the presence of a response and compliance from the 14 banks to the specified standards.”

He stated that "the American side does not restrict the demand for the dollar, and there is coordination regarding cash shipments through an annual agreement on the number of shipments and their dates," stressing that the Central Bank prefers to use non-cash payment tools through the use of cards (Visa and MasterCard), which has recorded a significant increase. During the past months, this is a good indicator that reduces the focus on the use of cash, and reduces the trouble of reviewing companies to obtain cash dollars.”

Regulating trade with Iran

Al-Alaq added, "There are ongoing discussions to regulate the import process from the Iranian side in a way that does not expose Iraq to any problems by violating sanctions and agreements," indicating that "the Central Bank will reach a clear formula in organizing the trade process, especially since part of it is through barter."

He stated that "an agreement was reached to settle the debts incurred by Iraq from Iranian gas imports through a new method through which these amounts are paid."

Adopting new currencies.

He noted that “there is work to adopt the UAE dirham, the Turkish lira, the Indian rupee, and the euro as part of the process of facilitating external transfer by opening direct outlets in the currencies of the countries we deal with,” noting that “the trade balance with India amounts to 3 billion.” Dollar, and there are also high numbers for imports from the Emirates and Turkey.”
He stressed that "the Central Bank has reached advanced stages of understanding in adopting the currencies of these countries, which will facilitate the external transfer process."

Campaign to support the dinar.

Al-Alaq said, “The campaign to support the Iraqi dinar is multi-faceted and multi-party. Its goal is the sovereignty of the local currency in internal transactions instead of foreign currencies, which are being limited. There is a gradual transition process within the Prime Minister’s directive to limit dealing in the Iraqi dinar internally, and to oblige companies to do so, which A large percentage of them responded.”

The industrial initiative and housing loans.

Al-Alaq pointed out that “the industrial initiative has not stopped, but the amounts approved for it have been exhausted, and the volume of the loaned initiatives has reached more than 13 trillion dinars,” indicating that “the Central Bank has raised the interest on the housing initiative to 2 percent, and this is a low price compared to other countries.” Globalism".

He explained that "the stated interest does not include complexes that received previous payments, while it includes new complexes."    LINK

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

Nader From The Mid East  About the HCL - We received some payments...I checked my bank over there.  I received some money.  It's good news.  It's great.  So the HCL start paying.  This time we got some money.  Next time a little less but it's going to be month to month and it's going to depend on if oil is going up or down...hang in there.  It's happening.

Sandy Ingram  More than a few people are saying we are unwise to expect that the IQD will revalue to $1 or $2.  What people outside the IQD investment do not yet understand is this - Even if the IQD only increases in value to $0.20 to 1 Iraqi dinar, in the beginning, many people would experience a profit of $200,000 [$0.20 X 1,000,000] or more.  This is when visitors stop talking down to IQD investors and start asking where can I purchase the currency...

************

Governor is scared

Nader:  9-30-2023

https://www.youtube.com/watch?v=7R-kRgCMpPs

Alasdair Macleod: US Dollar Poised For Complete Collapse! Gold Paper Market Crisis Looming

Alasdair Macleod: US Dollar Poised For Complete Collapse! Gold Paper Market Crisis Looming

Good as Gold Australia:  9-30-2023

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia, interview Alasdair Macleod - Head of Reaserch at GoldMoney.

In the last 12 months, the price of gold in Japan has risen 21% and over the last 5 years, it has risen at an average of 22% per year.

 In Argentina, the price is up 184% in 12 months and over 1,300% in the last 5 years. In Turkey, the price has risen 62% over the past 12 months and over 600% in the last 5 years.

In China, gold has surged this month over $100 an ounce on international prices. In US Dollars, however, the price of gold remains quite stable. Why is this and what would it need to see the US Dollar follow suit?

Is Russia going to be the first to a 'gold standard' and will it influence the BRICS + Nations soon after?

 Central Banks are buying gold in huge amounts, and at the same time they are talking CBDCs. What can we expect as the final outcome?

One of the main takeaways from the BRICS Summit meeting in Johannesburg was the confirmation of the addition of 6 new nations. This will mean with United Emirates, Saudi Arabia and Russia, that BRICS will have the 3 largest oil producers in the world.

Surely this spells the end of the Petrodollar, and with it, the end of the Dollar's dominance. Now more than ever before it has become imperative to own gold.

https://www.youtube.com/watch?v=FXD5tdapbbU

Weekend News With MarkZ 9-30-2023

Weekend News with MarkZ

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

MZ: We talk with Matt and Lucas (CBD Gurus) for the first 30 minutes and then talk about the news of the week and what next week may bring.

Member: Mark, hope your having a good time in Vegas. Just remember what happens in Vegas stays in Vegas.

Member: Welcome to the weekend….and the last day of September…and the Last day of the fiscal year 2023!!!!  

Member: And it’s a Saturday…..Saturday night is when all the banks close worldwide for a short time……coincidence????   Or Perfect Storm ?

Member: Did anyone hear Nader yesterday? He says he got paid from the HCL

Member: What is the HCL?

MZ: The Hydo Carbon Law. Its where they share money, profits, revenues from oil-natural gas ect…..with the citizens of Iraq including the Kurdish region. We have been told for many years this is a key piece. And Very soon after the HCL was implemented we were told that we would see the dinar value changes.

Member: Wish he said something about rate - I've seen $5 in country elsewhere

Member: TNT also stated he received reports from Iraq contacts that they received HCL funds. He mentioned a rate of $5.00! WOWZA

Member:  I wouldn't be surprised if it went that high... So much has been kept under wraps for a long time on purpose

Member:  It's right in the middle of Mark's expected range - 4-6

MZ: So HCL money….Nader is saying there are reports of people receiving HCL money. That does not mean a revalued dinar yet. Just that the HCL is completed and paying.

MZ: I am continuing to hear very positive stuff on expectations of a rate change. They are giving us dates from this weekend to sometime in the first week of October.

MZ: Nothing on CMKX and Mr. C did check in this morning and he has not been paid.

MZ: No news from bond holders …yet. I do know who has an appointment on Tuesday and has great expectations of walking away fully funded…..it’s a rumor until they have money in their pockets.

MZ: I will be at a meet and greet this afternoon at 2 pm PST….…..if there is internet and I have more news I will try to share it then.

Member: I heard Iraq and Kuwait have an agreement to keep the dinar within a few cents of each other’s currency.

Member: Kuwait is about $3.50 or so right now…or somewhere in that ballpark.

Member: Does anyone know if we will be taxed on this exchange?

Member: if it's taxed just be thankful for what you're getting it's a blessing

Member: I was told that all we are doing is exchanges! No tax on exchanging currencies-imo

Member: I heard The Fed did try to tax currencies 25% that are changed, but they don't think it's going to happen

MZ: I continue to hear we will not have taxes on this exchange. I suggest everyone plan on having taxes…..but hopefully there will be none. I had just picked up more currency to cover taxes if there is any. You guys handle it how you want to.

Member: Does the RV (Revaluation) have to happen before Iraq ascends to the World Trade organization on Oct. 4th?

MZ: Not but the dinar has to be a fully accepted international currency all around the world without any restrictions…..this would be a massive change.

MZ: I do know a few Iraqi citizens that are planning trips home to Iraq next week in anticipation. Does this mean anything…..I guess it could…or it couldn’t???.

Member: I have a great Wells Fargo update ... they are closing branches and let a number of people go yesterday in Oregon. Giving some the option to go to wealth management.

Member: I’m not even going to lie I’m beginning to doubt this whole thing. So much time into it and nothing.

Member:  It,s been a long and slow and at times painful journey, but the last year has been amazing. We are there...Keep the faith

Mod: Every Situation in life is temporary, So when Life is Good, Make Sure you enjoy it, and when life is NOT so Good, Remember that it Will NOT LAST Forever and BETTER Days are Ahead!

Member:  Goodbye, September. Bring on Red October! Or maybe Green October??

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

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.

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

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

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

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

https://www.youtube.com/watch?v=4m2iygQxvuA

"Tidbits From TNT" Saturday Morning 9-30-2023

TNT:

CandyKisses:  Hundreds demonstrate in central Baghdad to demand salary scale adjustment

Baghdad Today - Baghdad

Hundreds of state employees demonstrated on Saturday (September 30, 2023) in front of the Prime Minister's Office in central Baghdad to demand an adjustment to the salary scale.

The "Baghdad Today" correspondent reported that hundreds of state employees organized a demonstration in front of the Prime Minister's Office in the Al-Alawi area in central Baghdad to demand a change in the salary scale.

It is noteworthy that hundreds of employees of government institutions in Basra went out last Thursday (September 28, 2023) in a demonstration in front of the Basra Governorate building. To demand a change in the salary scale .

The "Baghdad Today" correspondent said that hundreds of employees of state departments went out in a demonstration in front of the Basra Governorate building, pointing out that the employees demanded that the salary scale be modified

Tishwash:  Iraq calls on Iran to participate in investment projects to establish industrial and free zones between the two countries

The Undersecretary of the Ministry of Commerce for Administrative Affairs, Sattar Al-Jabri, met today, Friday, on the sidelines of his leadership of the Iraqi delegation in the meetings of the Iraqi-Iranian Trade Committee in Tehran, with many representatives of the Iranian private sector and invites them to participate in investment projects to establish industrial and free zones between Iraq and Iran.

Al-Jabri confirmed in a statement received by Earth News that “the meeting took place during his visit with the delegation, the Federation of Industries and Chambers of Commerce in Mashhad, and the Deputy Governor of Mashhad for Economic Affairs, and in the presence of the Iraqi consul there, to discuss the possibilities of joint trade cooperation between the two countries and investment opportunities in establishing industrial cities, free cities, and other investment projects.” Others available in both countries.

He continued, "The delegation visited the Iraqi consulate in Mashhad and met with the consul and consular staff to praise their distinguished role in following up with the Iraqi community, government delegations, and travelers."

Al-Jabri indicated at the same time that “the meeting also took place with the Federation of Chambers of Industry and Commerce in Tehran to discuss trade and investment cooperation.”

It is worth noting that the work of the Iraqi-Iranian Trade Committee concluded last Wednesday with the signing of a memorandum of trade cooperation to remove obstacles to the development of intra-regional trade, which continued over the twenty-sixth and twenty-seventh of this month of September. link

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CandyKisses:  Oil prices rise 30% in the third quarter of 2023

Information / Baghdad...Oil prices rose about 30% in the third quarter of this year, as global crude oil supplies face pressure from voluntary cuts by the OPEC+ alliance.

Macroeconomic and profit-taking concerns sent oil prices lower at settlement on Friday, Sept. 29, but rose about 30 percent in the third quarter.

Iraq achieved revenues from the sale of oil in August, amounting to (8) billion and (997) million and (851) thousand dollars, where it sold a barrel at an average price of (84.787) dollars.

Brent crude futures for November fell 7 cents to $95.31 a barrel at settlement on Friday, September 30, but rose 2.2% during the week and 27% during the third quarter, continuing to approach $100 a barrel.

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Tishwash:  India prefers Iraqi oil over Saudi oil for this reason..

India's oil imports from Russia rebounded in September after reaching their lowest levels in seven months in August, as a result of lower prices for Middle Eastern crude, according to what preliminary data on trade flows from the London Stock Exchange Group, Kpler and Vortexa Analytics showed.

The data showed that India, the third largest importer and consumer of oil in the world, increased its imports from Iraq while reducing its imports of Saudi oil.

Victor Katona, chief oil analyst at Kpler, said: “The competitiveness of prices is in favor of Russian crude, and if Indian refiners want to obtain quantities with specific contracts from the Middle East, they seem to prefer (oil) from Iraq, as Basra crude is still average.” It is about $2 cheaper per barrel than Arab Medium or Arab Light crude,” according to Reuters.

London Stock Exchange Group data showed that India's imports of Russian oil amounted to about 1.55 million barrels per day in September, an increase of 16 percent from August, while imports from Iraq increased by 17 percent to reach about 1.1 million barrels per day.

Vortexa data indicated that Russian oil imports amounted to 1.52 million barrels per day, compared to 1.44 million in August.

On the other hand, London Stock Exchange data showed that India’s imports from Saudi Arabia fell to about 676 thousand barrels per day in September, a ten percent decrease from August. link

Mot:  “October is coming.” 

Mot:  . Happy National Coffee Day!

News, Rumors and Opinions Saturday AM 9-30-2023

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 Sat. 30 Sept. 2023

Compiled Sat. 30 Sept. 12:01 am EST by Judy Byington

Global Currency Reset Possible Timeline: (RUMORS)

Fri. 29 Sept. Sheila: The HCL was being paid out today in Iraq. In-country Rate: $5+

Fri. 29 Sept. TNT call: The lower denominations are supposed to be released tomorrow in Iraq. The rate is expected to change sometime in the next 72 hours.

Walkingstick (an Iraqi citizen and bank owner): “The tender for the currency and coins has been met per request, meaning (requirements) for release of the new Iraqi Dinar exchange rate has been fulfilled.”

Wolverine: “The funds have been released and placed on the Quantum Financial System.”

Fri. 29 Sept was a dramatic beginning of the Stock Market Crash. The Chinese Communist Party Defense Minister, plus the CEO of the World’s largest real estate company, the CCP’s Evergrande, have gone missing – that halted Evergrande Shares on a Stock Market that was already in free fall, while odds soared for a US Government shutdown by Sun. 1 Oct. – any, or all of which could easily bring on a Global Financial Crisis that would trigger a Global Currency Reset.

In October SS payments would increase (up to $5500).

The first two weeks of Oct. NESARA should pay out (reclamation funds). 

Sun. 1 Oct was the first banking day of October in the Mideast and was also the starting of the new US Fiscal Year. All banks were (allegedly) required to be on the gold/asset-backed Quantum Financial System rather than the old SWIFT System based on the fiat US Dollar; the new gold/ asset-backed US Note was expected to be announced and active, plus the new international rate for the Iraqi Dinar could be made public.

On Mon. 2 Oct. the Iraqi WS Bank US Branch would be open for business, while the US Inc. government would be (allegedly)  shutdown – that expected to set off a worldwide financial crisis as the Stock Market reopened as sell offs continued that was expected to trigger a close of all trading until Tues. 3 Oct. morning.

On Mon. 2 Oct. and according to instructions given at Redemption Centers, Tier4b (us, the Internet Group) could be notified to set exchange and redemption appointments, although intel received from a high up source indicated that may not happen until Fri. 4 Oct. with appointments starting the next day.

Tues. 3 Oct. has been officially designated as the National Day of the Republic of Iraq to celebrate Iraqi freedom from the US Inc. Iraq would likely declare that they were a Sovereign Nation, although their Sovereignty could be (allegedly)  announced in connection with announcement of the new Dinar International Rate on Sun. 1 Oct.

On that same Tues. 3 Oct. the Stock Market was expected to continue to sell off. When it hit 20% it would be considered the point of no return and would close.

On Wed. 4 Oct Iraq would be welcomed to the World Trade Organization with a fully reinstated Iraqi Dinar international traded currency. Wed. 4 Oct. was also considered the day when the official Stock Market Crash would happen. A “test” on the worldwide Emergency Broadcast System had already been scheduled for Wed. 4 Oct. HAL TURNER: October 4 TEST of Emergency Alert System, Nationwide. No, It’s not the Zombie Apocalypse! – American Media Group (amg-news.com)

By Tues. 10 Oct. the bulk of redemption appointments and exchanges were expected to be done.

The second week of Oct. the restitution and reparation funds will be given out for seniors over 60 in a lump sum; for ages 50-60 they will be paid out over a 12 month period and ages 30 to 49 paid out over a 15 year period.

On Wed. 1 Nov. it was the goal to have Currency Exchanges and Zim Bond Redemptions completed, at which time the US Federal Dollar would be considered worthless.

In November Social Security will be paid out in much higher payments.

The SS R&R payments start on a monthly basis beginning in Jan. 2024.

On 1 Jan. 2024 the fiat US Dollar will be worth nothing.(allegedly)

Starting 1 Jan. all currencies across the Globe will be on par 1:1 with each other.(allegedly) 

Read full post here:   https://dinarchronicles.com/2023/09/30/restored-republic-via-a-gcr-update-as-of-september-30-2023/

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

Mnt Goat  Question:  Holiday in Iraq on October 3...their Independence Day. ...October 4 is Iraq finally a member of World Trade Organization...Can Iraq still continue with the program rate of 1132 until the end of the year? Or will CBI release the new small category notes before October 4?   Mnt Goat Answer:  ...As you know they will not give out any dates only a window when they plan to do it. I was told October for the re-education and them they should follow closely with the newer lower notes.

Frank26  What do you think the rate will be when it comes out?  I don't care!  What I care about is for them to announce in 72 hours they're sanction free and their currency is restriction free... international.  If it's international hello Forex...What will it turn into, that's what you need to be paying attention to and at what speed...It ain't going to be no 6 months to a year before it reaches the potential of the Middle Eastern exchange rates of 3 to 1.  No.  Shoot, you're going to sleep, the next morning, boom!

LIVE! Moody's WARNS Of "Systemic Risk." Energy Inflation SKYROCKETS With No End In Sight.

Greg Mannarino:  9-29-2023

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

Rafi Farber: The End Game is Dead Ahead

Arcadia Econoomics:  9-29-2023

The bond market continues to collapse as long term interest rates rise relentlessly, day after day.

 Oil is mysteriously trading together with the dollar index instead of inversely, signaling that the forex market is spinning off into its own compartmentalized reality while prices for real stuff in the real world march higher completely independently of so-called "dollar strength".

Meanwhile, in New York, nearly 5 million ounces of silver are taken off the market from the JPMorgan vault this week.

At this rate, JPM has only about 5 months of silver supply left to sell. And while this is all happening, gold and silver prices continue their abysmal plunge.

That said, silver mining stocks have never been this oversold relative to the metal itself. This sort of exceptional price action typically happens just prior to a major financial crisis.

 Rafi Farber believes the End Game for the dollar is dead ahead. We are nearly there.

https://www.youtube.com/watch?v=rgNSDJjzc1Q

The "Hidden Secrets of Money" 10 part series by Mike Maloney

Occasionally Dinar Recaps will be posting information from our archives for our newest readers that may be helpful for you in currency investing, at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

The "Hidden Secrets of Money" 10 part series by Mike Maloney

Money vs Currency - Hidden Secrets Of Money Episode 1 –

Mike Maloney

Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money.

https://www.youtube.com/watch?v=DyV0OfU3-FU&t=1s

Seven Stages Of Empire - Hidden Secrets Of Money Episode 2 - Mike Maloney

https://youtu.be/EdSq5H7awi8?t=1

This Timeline Shows The Death Of The US Dollar As World Reserve - Hidden Secrets Of Money Episode 3 https://youtu.be/y-IemeM-Ado?t=1

The Federal Reserve: Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4

https://youtu.be/iFDe5kUUyT0?t=1

Where Does Money Come From? - Hidden Secrets Of Money Ep 5 - Mike Maloney

https://youtu.be/OQWMd_NPSBA?t=1

Top 4 Reasons For Deflation BEFORE Hyperinflation - Hidden Secrets Of Money Episode 6 (Mike Maloney)

https://youtu.be/8GP87dgTqF8?t=1

The Money Illusion - Hidden Secrets Of Money Episode 7 - Mike Maloney

https://youtu.be/P4_1pwsm5LY?t=1

From Bitcoin To Hedera Hashgraph (Documentary) Hidden Secrets Of Money Episode 8

https://youtu.be/SF362xxcfdk?t=1

Fall Of Empires: Rome vs USA (Hidden Secrets Of Money Ep 9)

https://youtu.be/OuOcnGAv4oo?t=1

American Bread & Circus (Hidden Secrets Of Money Ep 10)

https://youtu.be/fiCKf7hfagk?t=1

Goldilocks' Comments and Global Economic News Friday Evening 9-29-23

Goldilocks' Comments and Global Economic News Friday Evening 9-29-23

Good afternoon Dinar Recaps,

Liquidity is moving into the markets. The Digital Markets that is. As we wait for Protocol 19 to upgrade into Protocol 20 in and through the month of October, digital trading platforms are being liquidated for this transition.
"Traydstream is an innovative technology company that has built a powerful AI driven platform by Trade expert for trade experts."

As the Old Financial System is replaced with a new AI driven set of trade mechanisms to form the new Digital Asset-based Trading System, developments will begin taking shape at a rapid pace in November into December changing the trading world as we know it.

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FTX’s $3.4B crypto liquidation: What it means for crypto markets

https://cointelegraph.com/news/ftx-crypto-liquidation-crypto-markets-solana-price

© Goldilocks

Crowd Fund Insider Link

Fintech Futures Link

https://traydstream.com/

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"It is time for banks to go digital-only. A concept gaining ground worldwide, digital banks offer all sorts of banking services and products through digital channels, without the need for physical branches. And now Bangladesh has jumped on the bandwagon."

https://www.tbsnews.net/supplement/digital-banks-dawn-new-era-708030

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U.S. Department of the Treasury, U.S. Department of Energy, IRS Announce Date for Opening of Applications for Investing in America Program to Spur Clean Energy Investments in Underserved Communities 

U.S. Department of the Treasury Link

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U.S. Department of the Treasury, IRS Release Guidance to Lower Americans Utility Bills, Increase Energy Efficiency of Homes 

U.S. Department of the Treasury Link

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How Fifth Third Bank Is Delivering on Digital Transformation
The Financial Brand Link

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BIS Calls for Robust Legal Frameworks to Enable CBDC Adoption
https://watcher.guru/news/bis-calls-for-robust-legal-frameworks-to-enable-cbdc-adoption

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FINI go-live date:

"Hong Kong Exchanges and Clearing Limited (HKEX) has confirmed 22 November 2023 as the go-live date for its new digitalised IPO settlement platform, Fast Interface for New Issuance (FINI)."

Digitized Introductory Public Offerings (IPOs) in the marketplace are going live November the 22nd of 2023 in Hong Kong.

It is a movement from T5 to T2 Trading. Remember, we are working on moving into T1, and then, instant payments globally inside the markets.

The digitization of the marketplace across all sectors will be able to utilize and bring in new assets with this new digital mechanism.

© Goldilocks

Asset Servicing Times Link 1

Asset Servicing Times Link 2

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Banking Announcement:

September 26, 2023, 5:30 AM CDT

The global payments platform MoneyGram announced on Tuesday that it’s launching a non-custodial wallet to help its users move funds between fiat currency and USDC, a stablecoin pegged to the U.S. dollar.

Fortune Link

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In the approaching government shutdown, third-party tracking apps will be tested during this time for accuracy.

"Without critical figures like the Labor Department’s monthly employment report and a key inflation gauge from the Commerce Department, data from private-sector sources will take the spotlight. New trackers of job openings and economic activity have emerged in recent years, and well-established ones have reinvented themselves to better answer ongoing questions in the economy."

These mechanisms will provide much-needed data for traders who are looking for up-to-date information on current trades.

If you have been noticing, several apps are beginning to include trade market assets and info on their digital platforms these days.

Everything is being upgraded to the new digital asset-based trading system.

© Goldilocks

Yahoo Finance Link

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Everything is being digitized, standardized, and supported by gold and other commodities inside the marketplace.

We are moving from a gold-backed economy to a gold-standard digitized economy.

© Goldilocks

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Looming U.S. Government Shutdown Expected to Disrupt Trade Activity  

JDSupra Link

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Wall Street Need for Speed in Stocks Reshapes FX World
https://finance.yahoo.com/news/wall-street-speed-stocks-reshaping-110003225.html

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FOLKS:  🟢🟢🟢 Please pay EXTRA attention to what’s being posted by Goldilocks today and EVERYDAY.  But I encourage you to read these posts especially TODAY ✅

@Freedon Fighter

~~~~~~~~~

Could Citibank's Tokens Replace Bitcoin and the US Dollar? R. Kiyosaki Sparks Debate - Coinpedia Fintech News
Coinpedia Link

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Thank you Dinar Recaps -   www.DinarRecaps.com

TNT Members: Services You Get As You Get Richer

TNT:

RayRen98:  Services You Get As You Get Richer

1. Housecleaning Services  (Your time is worth more than the effort it takes to maintain your living space)

2. Personal Trainer (Reduces stress, improves your health)

3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)

4. Advisors in All Areas  (Attorneys, tax planning, estate Planning, etc.)  

5. Luxury Concierge Services (Eliminate micro detailed planning, travel planning, events, etc. Luxury of time and peace of mind) 

6. Private Medical Care (Healthcare becomes proactive. Access to specialists. Enhances wellness).)

7. Executive Coaching (Improves your decision making, helps in making strategic decisions)

8. Home Security Services (State of the art surveillance systems, background checks on hired staff)

9. Private Travel (No waiting at airports. Flexible travel, Maximize your time, schedule, etc.)

10. Exclusive Country Club Membership (Rub elbows with the right people. Access to Milken Institute Global Conference-$50k, the Bohemian Club-$25k, etc.)

11. Wealth Transfer Specialist (Spheres of influence)

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Beth in Greensboro:  Here is the video that goes along with the discussion in Open Mic this afternoon.

Services You Get As You Get Richer

https://youtu.be/VGju3e3cEA8?si=XjdafpsKXuGelZBz