Goldilocks' Comments and Global Economic News Monday Evening 4-29-24

Goldilocks' Comments and Global Economic News Monday Evening 4-29-24

Good Evening Dinar Recaps,

How EU’s ‘complete mess’ on stablecoin regulation risks delistings with MiCA deadline approaching

"Experts worry that the regulations are so onerous and confusing that they will drive out some stablecoins starting on June 30 when the laws kick in."

On June 30th, 2024, Stablecoins and Cryptocurrency Regulations will become law. At that time, we will have a digital economy capable of running the banking system and the markets.

This is when we are going to see utility drive the new digital market in these new digital assets. It will move the prices of these assets into real values.

Market values will move to fundamental correlations based upon supply and demand bringing in new prices on every sector of the market. This includes the Forex Market where Stablecoins will represent them.

At that time, credit valuation adjustments will begin the process of floating values up or resetting their values entirely.   | CoinStats

© Goldilocks
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"A Treasury buyback is a purchase of United States Treasury debt by the Treasury and subsequent cancellation of that debt."

My understanding is that the United States is buying back its own debt from bonds that have been on the books for a long time. It could move to some of the short-term debts if needed.

These Treasury Bonds can provide liquidity due to the fact they are bought and sold in a pre-sale event of their maturity date canceling that debt instrument and providing liquidity for the markets.

This move will help manage debt objectives by holding the US dollar at a stable rate to prevent trade deficits taking place with the exchange rate of the dollar among other countries.

This is a form of currency intervention for the US dollar to keep it at a stable foreign exchange rate. This is happening because many countries are beginning to sell their dollars for their own currencies, but this is a temporary fix.

The inevitable is happening my friends, and moves like this give us an idea that a Level Playing Field in currency markets are growing close to a Global Currency Reset.  Morning Star   TreasuryDirect

Watch the water.

© Goldilocks

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"Zimbabwe bid farewell to its old Zimbabwean dollar notes on Friday, marking the transition to the new gold-backed Zimbabwe Gold (ZiG) currency."

This is the first day that Zimbabwe is using their new gold-backed currency. This will shift their monetary policies.

No references have been made that they are backing their bonds by gold at this time. More on this at the end of the article...

Their trading mechanisms will shift into free trade agreements between countries. Supply and demand trades will do away with tariffs and put the countries they trade with on a Level Playing Field.

Using gold as a means of exchange for equal value trades, rather than, uneven weighted values through tariffs will make their trading partnerships far more appealing going forward.

Special note: All we have been told is that their currencies are being backed by gold, but we have heard nothing about gold backing their bonds or historical bonds yet.  ReportFocusNews  C Bonds

Watch the water.

© Goldilocks

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BRICS Eye Stablecoin Launch To Reduce The Influence Of The US Dollar — Will Ripple's XRP Be Utilized? ⋆ ZyCrypto

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De-dollarisation gains traction among Brics | Khaleej Times

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BRICS makes headlines with new expansions – Here’s where and who |  Cryptopolitan

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Austin, Texas-based start-up Episode Six is banking on Hong Kong demand for virtual payments, SME lending | SCMP

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International Trade Announcement:

"The International Chamber of Commerce’s Digital Standards Initiative (DSI) has completed the mammoth task of attempting to find common digital data standards for a raft of widely used trade documents."

The Digital Standards Initiative (DSI) is the International Governance Board that is currently setting standards for international trading relationships around the world.

They are telling us they have completed this all-encompassing set of Global Standards. This will be applied to their new digital bills of lading that will determine new price correlations on cargo ships moving products around the world.

These new price correlations will be tokenized assets that hold a weight of gold in their determining price for movement.

Credit Valuation Adjustments are now becoming possible in 80% of our trades around the world that determines, through supply and demand, new exchange rates that will be forthcoming. GT Review   Investopedia    PackageX

WATCH THE WATER.

© Goldilocks
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The Iraqi Dinar | Youtube

👆  Goldilocks pointed to this article

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Printing error makes $1 banknotes worth $150,000 each — check yours | The News

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Here’s How EU Nations Are Preparing to Enforce MiCA | Coin Desk

European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service providers.

MiCA is an EU-level regulation but nations can implement slightly different technical standards, which crypto firms should follow closely, policy watchers say.

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More News, Rumors and Opinions Monday Afternoon 4-29-2024

KTFA:

DeepWoodz:  On June 12, 2023, the GOI passed what they call the tri-partite budget(THREE YEARS). So the operational side has been done since then with no need for any votes by parliament. According to their constitution, Article 62 states the only control parliament has. 

”Second The Council of Representatives may conduct transfers between the sections and chapters of the general budget and reduce the total of its sums, and it may SUGGEST to the Council of Ministers that they increase the total expenses, when necessary.”

Which is really no control at all. 

We used to get articles all the time about the need to pay salaries. I haven’t seen these much lately, if at all. Something else missing has been the START of new contracts and their costs. Although, we know they have projects going on, but still some info is missing.

DeepWoodz cont…..With the added 400 billion in new agreements Sudani spoke of. That’s billion dollars too by the way. Convert that to dinar if you like and see if you think Iraq has ever had that many dinar printed. 

Then we have the HCL rights which are defined in the constitution as well, but still nothing on paper. 

Obviously Sudani’s government is keeping a secret. I wonder what that could be?

Wouldn’t these three items be dependent on a NEW value to their currency? I have no doubt. 

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Clare:  Parliamentary Finance: The positive results of Sudanese’s visit to Washington will appear soon - Urgent

4/29/2024 Baghdad

The Parliamentary Finance Committee confirmed today, Monday (April 29, 2024), that the positive results of the Prime Minister’s visit to Washington will appear soon.

Committee member Moeen Al-Kazemi told “Baghdad Today” that “the visit of Prime Minister Muhammad Shia Al-Sudani to the United States of America achieved great and important success at the level of various economic and investment files, and these results will soon appear on the ground, especially with regard to the strength of the Iraqi economy.” And the dollar file and its complete control.”

Al-Kadhimi stated, “The government has made great progress in controlling the dollar and preventing any manipulation of the currency in the local market by some merchants and others. This is why we see a noticeable decline in the exchange rate in the parallel market, and the coming days will see a greater decline, as well as the implementation of the economic agreements with Washington.” "It takes time."

The dollar exchange rates are still high and declining from time to time, while observers expect Iraq to witness greater development in the economic sector in various related fields, in addition to the energy sector, with the Sudanese visit focusing on creating a shift in the relationship between the two countries and not being limited to the security aspect.

Especially with the Sudanese signing 18 memorandums of understanding during his visit to Washington 10 days ago.   LINK

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

Nader From The Mid East   People calling me since last Thursday asking me, 'We hearing the exchange rate will change on Monday?'  ...I didn't see anything about Monday.  I see really good news.  I believe with all this going on they should go for it.  I think they're ready.  I don't know when or why not.  Some people saying Monday...before the end of the month...May... July.  It's all prediction.  I wish it could happen now.  Today...Let's watch it...

Frank26   WEF [World Economic Forum]...no doubt this is good.  World exposure, this is good...They're being invited to the big boy corrupt party because they have a big boy exchange rate.  That's the important thing.

Mnt Goat  The Minister of Commerce and Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, Atheer Daoud Salman Al-Ghurairi...Article quote:  "...the completion of the files for the initial offer of goods and services within the files for joining the organization”.   No, they did not yet announce Iraq’s full
accession to the WTO but this is certainly getting close...I assume sometime soon, the National Committee will hold its third meeting with Iraq on the accession review...  With the US now backing Iraq this should move along quickly now.

Economic Shock: Bombshell GDP Drop, IMF Slams Congress Spending, Republic Bank Collapses

Sean Foo:  4-28-2024

Despite huge deficit spending, US GDP has fallen down to 1.6 percent in Q1. This should be alarming as the endless borrowing can't seem to prop up the US economy.

The IMF is scolding the US Congress for their spendthrift ways, highlighting how this is putting the global economy at big risk.

Meanwhile, Republic First Bank has collapsed in the US, signalling a resurgence in bank failures thanks to higher interest rates.

 Here's what you must know!

Timestamps & Chapters:

0:00 US Inflation Crisis Not Over

2:56 US GDP Falls Hard

6:29 IMF Slams Congress To Stop Spending

9:47 New Bank Failure Erupts

12:42 Stagflation Future

https://www.youtube.com/watch?v=l90_P3VS2JA

“Tidbits From TNT” Monday 4-29-2024

TNT:

Tishwash:  The Central Bank sponsors the launch of the activities of the Arab Financial Inclusion Week in Iraq

The activities of the Arab Financial Inclusion Week were launched in Iraq, from April 27 to May 2, in cooperation with the Association of Private Banks, under the slogan “Encouraging savings to enhance financial inclusion.”

The activities of the Arab Financial Inclusion Week, which include various governorates, aim to spread banking awareness, protect the public, and provide the best banking services to the public.

It is noteworthy that the activities of the Financial Inclusion Week reflect the continuing efforts of the Central Bank of Iraq to enhance financial inclusion in Iraq.

Central Bank of Iraq
Information Office
29 - April – 2024  link

CandyKisses:  It was a source of fear and terror. Iraq today is a destination for tourists

Information/Report

When Iraq is mentioned almost ten years ago, the manifestations of fear, terror, murder and bombings are criticized in the world mentality, due to the American-Zionist terrorism that gathered all the terrorists of the world and brought them into the country to eliminate it . 

But after the elimination of the terrorist organization ISIS, at the hands of the heroes of the valiant resistance, the Popular Mobilization Forces and the Iraqi security forces, Iraq has today become a destination for the whole world

And from different segments, whether politicians, Artists, athletes or tourists, singing about its beauty, nature and archaeological sites that take them to the stories of One Thousand and One Nights, Sinbad, Shanashil and the purity of the Tigris and the Euphrates.

What strengthened this matter, Iraq became a center for the establishment of a range of international, Asian and Arab activities, including sports tournaments as well as conferences in various sectors such as art, culture, economy and others, the latest of which was the Arab Labor Conference held yesterday

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Tishwash:  Sudanese opens Iraq's doors to major international companies

Prime Minister Muhammad Shiaa Al-Sudani expressed Iraq’s aspiration to cooperate with major international companies in the field of technology and information technology to move to the digital economy and improve the direction of investments. He also expressed the Iraqi government’s desire to cooperate with technology companies and benefit from them in developing the agricultural sector. In Iraq, indicating that agriculture is a priority in the government program.

This came during Al-Sudani’s reception, yesterday, Sunday, of a group of heads of major international companies in the Saudi capital, Riyadh, on the sidelines of his participation in the World Economic Forum.
In the Saudi capital, Riyadh, the Prime Minister met with the Crown Prince of the Kingdom of Saudi Arabia, His Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud.

During the meeting, they discussed bilateral relations between the two countries, the importance of consolidating them, and reviewed the files of joint cooperation and its growth within the work of the Iraqi-Saudi Coordination Council, which resulted in several understandings in various fields.

Al-Sudani expressed Iraq's aspiration for broader economic cooperation with the Kingdom, which contributes to enhancing growth and provides new opportunities in various economic fields, which reflects the interests of the two brotherly countries and the prosperity of their people.

For his part, the Saudi Crown Prince welcomed the Prime Minister and expressed his thanks for accepting the invitation and participating in the World Economic Forum, stressing Saudi Arabia’s keenness to achieve the best relations with Iraq and raise the level of mutual cooperation between the two neighboring countries.

The meeting touched on the situation in Gaza, and the killing and starvation that the Palestinian people are witnessing at the hands of the occupation forces, and stressed the need to make great efforts to stop the war, the effects of which were reflected in regional and international stability.

Prime Minister Muhammad Shiaa Al-Sudani also met, in the Saudi capital, Riyadh, with the Emir of the State of Kuwait, Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah.

During the meeting, bilateral relations between the two countries were discussed, and ways to develop and advance them, for the benefit of the two brotherly peoples, by investing in the historical and social neighborhood that links Iraq and Kuwait, and emphasizing the importance of maintaining good-neighborly relations and mutual respect.

The meeting discussed the latest developments in the region, especially what is happening in the Gaza Strip in terms of the ongoing Zionist aggression that has caused thousands of martyrs and wounded, and the importance of taking a unified Arab position in order to end the tragedies of the Palestinian people.

Al-Sudani also received, at his residence in the Saudi capital, Riyadh, the regional president of the technology company. German SAP Emmanuel Raptopoulos and his accompanying delegation, on the sidelines of his participation in the World Economic Forum.
The meeting witnessed a discussion of ways of cooperation with SAP, which reviewed its experiences in various parts of the world, as it is considered the largest in the world in the field of developing large programs that combine visions.

Al-Sudani stressed the possibility of cooperating with the company through a joint work program, which includes benefiting from its services in digitizing the economy, which will help achieve innovation and improve the direction of investments, indicating the government’s aspiration to also benefit from its services by including this type of software in Curricula of specialized colleges, and in the field of training in the field of institutional software.

For his part, Raptopoulos expressed the company's readiness to cooperate with the Iraqi government in the technological fields, which helps it implement its vision and plans towards an economy that keeps pace with technological developments in the world.   link

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Tishwash: Parliamentary Integrity: Iraq can track money laundering crimes even abroad

The Parliamentary Integrity Committee confirmed today, Sunday (April 28, 2024), that Iraq can track money laundering crimes, through its supervisory bodies, even outside the country.

Committee member Duraid Jamil Ishou told “Baghdad Today” that “Iraq, through its competent oversight bodies in the Integrity Commission as well as its competent security agencies from the Intelligence Service and others, can track all money laundering crimes,” noting that “Iraq has achieved success in this file during the last period".

Ishua stated, “Some of the movements of these agencies in this file are secret to ensure the success of the tracking operations, and there is coordination with the country in which this money is moved, in addition to tracking the fleeing corrupt people in coordination and cooperation with the international police,” noting that “Iraq’s foreign relations are good with all countries.” This contributed to achieving success in pursuing the fleeing corrupt people and recovering Iraq’s smuggled money.”

The Integrity Commission had announced that international arrest warrants had reached 19, and the number of requests for legal assistance related to seizing smuggled funds outside Iraq had reached 17 requests, while smuggled funds and their financial transfers amounting to 400,000 US dollars, 22 real estate, 8 shares in companies, 9 bank accounts, and one wheel were followed.

 While the value of corruption funds smuggled outside Iraq amounted to 1,400,500 US dollars, and 10 real estate properties in one investigative case, according to the Integrity Report for 2023 activities.  link

Mot:  finally Broke Down and Got meself an Emotional Support Critter!!!

Mot: Grrrrr -- Fur the Lastest Time! -- NOT Fur Sail!! -- Gunna Fix it up You see

News, Rumors and Opinions Monday 4-29-2024

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 Mon. 29 April 2024

Compiled Mon. 29 April 2024 12:01 am EST by Judy Byington

Judy Note:

Global Financial Collapse on the Horizon: Banks not Basil 3 Compliant by Thurs. 2 May will be closed. First Republic Bank has already collapsed.

While the Cabal’s non-asset backed digital currency won’t be available until 2030, the Global Currency Reset of 209 Independent Republics to gold/asset-backed currencies was already in motion and expected to culminate on Wed. 1 May – A New Beginning.

Timing  (RUMORS)

Tues. 30 April: According to Goldilocks a market reset will now happen across all sectors, including Forex.

Wed. 1 May Day – A new Beginning.

On Thurs. 2 May if a bank was not Basel 3 Compliant, they would either be closed, or absorbed by another bank. The Central Bank of Brazil would launch their new “international banking” system. EBS Test?

Sun. 5 May Orthodox Easter

Effective April 30, 2024, the Depository Trust Company is giving us a notice. They’re telling us that their coverage for settlement risks in assets or securities that are not collateralized could be at risk in a market moving into real values.

Corporate notes or bonds are moving from 50% to 70% haircut value. Cryptocurrencies have a haircut value potential of 100%, and this includes Bitcoin.

In other words, any asset going forward that is not backed by a commodity has a haircut value risk when the market resets into a new set of values based on Real World Assets.

What are we being told could happen after April 30th, 2024? A market reset across all sectors of the market including Forex.

Global Currency Reset: (RUMORS)

On Tues. 23 April an announcement was made on the official website of the Central Bank of Brazil about the advent of a new “international banking” system scheduled to launch on May 2, 2024.

The Iraqi Dinar was the Kingpin that would launch the Global Currency Reset of 209 countries. “The Governor of the Central Bank of Iraq has told the citizens to prepare for a currency exchange.” …TNT Tony

On Fri. 26 April The National Bank of Iraq Went Live with Core Banking and Payments: https://www.temenos.com/news/2024/04/25/national-bank-of-iraq-goes-live-with-temenos-core-banking-and-payments/

Sat. 27 April 2024 Iraqi Dinar is Done…Wait for it: https://youtube.com/shorts/uDHJMobFA8w?si=ysimCGFOCCV6q6R2

Global Financial Collapse:

The First Republic Bank has collapsed.

Sat. 27 April: Cabal Digital Currency designed to rule the World by 2030: https://beforeitsnews.com/economy/2024/04/new-report-over-98-percent-of-worlds-central-banks-gearing-up-for-new-system-of-programmable-trackable-digital-cash-and-24-nations-will-have-liv-3110178.html

BRICS conducts $260 billion worth of trade without US dollar. The BRICS countries aim to eliminate the US dollar from all global trade and transactions by 2024. The bloc’s goal is to put local currencies above the US dollar to strengthen domestic economies and businesses. The alliance is also urging other developing countries to follow suit and make payments for cross-border transactions in local currencies. https://watcher.guru/news/brics-conducts-260-billion-worth-trade-without-the-us-dollar

BRICS makes major announcement about expansion: https://watcher.guru/news/brics-makes-major-announcement-about-expansion

Sun. 28 April Cuban Bank Runs: https://abcnews.go.com/International/wireStory/long-lines-form-frustration-grows-cuba-runs-short-109714175

Read full post here:  https://dinarchronicles.com/2024/04/29/restored-republic-via-a-gcr-update-as-of-april-29-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  Barzani and Sudani both attending big meetings this evening and they say they want to talk to us.  Could this be it...Is this the talk?  FRANK:  I don't know but I do know these two leaders are about to take you and your country into the new reforms that they have been promising you...It is now being revealed to you... Pay attention to when these two gentlemen talk...because...your media will not even show it to you...Your media is owned by the Iranian politicians... They don't want you to have anything that has been promised to you...

Walkingstick  [Iraqi Bank owner colleague #1]   The results from the meeting #1 was having with the CBI these last few weeks all of that information is now coming to the citizens 'to be revealed'.  That's happening right now...a massive campaign of education to the citizens.  This phase is talking to the citizens. 

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BRICS Currency Announced! Is it Gold Backed?

AMPEX:  4-28-2024

In this week’s video, we look at Russia’s announcement of an official BRICS currency.

 There has been speculation and rumors of this currency for some time, and one major theory is that it would be backed by a basket of commodities including gold.

However, the Kremlin recently announced they have almost completed a digital currency based on blockchain technology. Backed by gold or not, if a new BRICS currency becomes internationally adopted for trade, the U.S. Dollar will lose value.

 If U.S. Dollar’s value decreases, we expect the price of gold to increase.

While there is no official launch date yet, dismantling the dollar will take time and we don’t expect it to go down without a fight.

In the meantime, we will keep an eye out for any official launch date and stay ready to keep viewers informed.

https://www.youtube.com/watch?v=M0JVAxrlA1A

The US Economy Bubble is BURST: What Next?

The US Economy Bubble is BURST: What Next?

Fastepo:  4-27-2024

The U.S. government's debt has been a growing concern, especially with recent figures surpassing $34 trillion as of early 2023, marking a significant increase in less than a year.

This level of debt is not only historically high but also raises alarms about potential economic implications.

Historically, U.S. government debt has surged due to a combination of factors, including policy decisions and economic shocks such as the 2008 financial crisis and the COVID-19 pandemic, which necessitated substantial fiscal stimulus.

This trend has continued over the past two decades with the debt increasing annually, significantly affected by government spending exceeding revenue.

The comparison of the current debt level to World War II is notable, as the debt to GDP ratio now approaches or exceeds the peaks seen during that era, which were the highest in U.S. history until now.

While the post-war period saw a reduction in debt relative to GDP due to economic growth and fiscal adjustments, the current projections suggest a continuing rise without similar mitigating factors.

Economists and policymakers express concern that if the growth of debt continues to outpace economic growth, it could lead to higher interest rates, decreased private investment, and an increased burden of interest payments on the federal budget.

 This scenario could potentially crowd out funding for other essential services and investments. Looking ahead, projections indicate that the U.S. debt trajectory is unsustainable under current policies, with expected increases in healthcare and Social Security spending as the population ages.

Without significant policy changes, the federal debt could rise to between 137% to 143% of GDP by 2053, which poses substantial risks to the country's fiscal health and economic stability.

In this video, we'll explore the significant issue of the United States' high debt levels. We'll examine the potential effects on both the U.S. and the global economy.

 Additionally, we will analyze how China and Russia, two prominent members of the BRICS nations, might benefit from uncontrolled U.S. debt levels.

https://www.youtube.com/watch?v=IKzHmqe0_Rk

More News, Rumors and Opinions Sunday Evening 4-28-2024

KTFA:

Frank26:  "SUDANI CONTINUES TO SEND HIS PEOPLE TO THE IRAQI CITIZENS EXPLAINING THE MONETARY REFORM!!!".................F26

Prime Minister’s Advisor: We will see the dollar fall on the black market soon

4/27/2024   Baghdad

The political advisor to the Prime Minister, Fadi Al-Shammari, confirmed today, Saturday, that the demand for the official dollar has increased, while he expected it to decrease on the black market in the coming period.

Al-Shammari said in a press statement received by Al-Maalouma, that “the classification of financial institutions in Iraq according to World Bank reports is positive, and the Central Bank’s classification is A++ and exceeds the Emirati classification.”

He added, “Iraq wants to join the international banking system, and on this basis the government has taken positive measures in this regard.”

He confirmed, “The increasing percentage of merchants joining the platform rose from 28% to 78%,” noting that “the demand for the official dollar has increased, and we will witness its decline on the black market in the coming period.”

He pointed out that Iraq agreed “with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”   LINK

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Frank26: "EVEN SAUDI ARABIA SCREAMS TO THE WORLD IRAQ IS SECURE & STABLE, GET YOUR DONKEY IN HERE & SEE FOR YOURSELF".........F26

 Al-Awadi explains the importance of the Prime Minister’s participation in the World Economic Forum in Saudi Arabia

4/27/2024   Baghdad - 

The government spokesman, Bassem Al-Awadi, explained the importance of Prime Minister Muhammad Shiaa Al-Sudani’s expected participation in the World Economic Forum, which will be held on 28-29 in the Saudi capital, Riyadh, while he stressed the government’s work to inform the world of the reality of the situation in Iraq to attract investments and transform the country’s economy from Rent-seeking to the market economy, instead of the blurry image being promoted, revealed a leap in relations between Iraq and Saudi Arabia that raised the volume of trade exchange to unprecedented extents.

Al-Awadi told the Iraqi News Agency (INA): “The Prime Minister’s visit to Saudi Arabia will be to attend the special meeting of the World Economic Forum that will be hosted by Riyadh, which is one of the largest forums and is equivalent in importance to the Davos Forum in Switzerland. The first title of this conference is international cooperation, growth and the energy sector from For development.

He added, "More than a thousand important and influential figures will attend the forum held in Saudi Arabia, including a president, a leader, a political decision-maker, heads of major economic companies, thinkers and opinion makers in the governmental and private sectors around the world."

He continued, "Therefore, this is a great opportunity for important, high-level meetings for the Prime Minister to be held with world leaders and idea and policy makers in which Iraq's current image, stability, and openness to investment and great investment opportunities in the country will be clarified. We are a country moving toward stability and need to know ourselves during... The Prime Minister’s visits, which he spoke about in Washington, showed the true picture of Iraq in response to the blurry picture that some media outlets are trying to spread.”

He pointed out, "There is confusion about the Iraqi situation, and many believe that Iraq is unstable and the situation is chaotic, and this is contrary to reality. The true position must be clarified and correct relations with the outside must be built. Officials of brotherly and friendly countries are invited to visit Iraq to get to know its situation closely and in the true form that actually exists." We tell them to visit Iraq from south to north and see the truth of the situation for yourselves and make sure that Iraq is stable and its doors are open to investment.”

Al-Awadi pointed out that "Iraq needs investments to exploit its wealth, as well as to develop the industrial and agricultural sectors, so that we can move from a rentier economy to a market economy, support the private sector, and provide more jobs in the private sector. During the Prime Minister’s visit to Washington, there was a delegation of businessmen in support of this trend." .

Regarding the relations between Baghdad and Riyadh, Al-Awadi explained, “Iraqi-Saudi relations are in continuous development and growth, and there was a leap last year under the government of Prime Minister Muhammad Shia’ al-Sudani, as trade exchange between the two countries jumped between one billion to one billion five hundred million dollars last year.” In the years before that, it was limited to $300 million or half a billion dollars.”

He pointed out, "We consider this leap in relations and cooperation a beginning, and the government is keen to expand commercial cooperation and other sectors to broader extents LINK

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY: We know who the crooks are and they're mad about the concept of floating.  They came out yesterday and they told us if the Iraqi dinar starts to float that would be very dangerous, it would be a bad thing for us Iraqi citizens...I guess this float is extremely serious and very important and something they're about to tell us because parliament hates it.  They're a bunch of crooks...

Breitling  When I did the evaluation [of the dinar] it was against countries and currencies that had lopped.  I had the same questions as you guys when I invested.  Where is this going?  How can this work?  I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar.  The
dinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that...Yes, they can add value to currencies that have a lot of zeros behind it.  Iraqi dinar is stable.  They can and are going to add value to it.

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There is rumors with the 3-0’s be deleted tomorrow from Forex

Nader:  4-28-2024

https://www.youtube.com/watch?v=y3Lov3glaU4

Goldilocks' Comments and Global Economic News Sunday Evening 4-28-24

Goldilocks' Comments and Global Economic News Sunday Evening 4-28-24

Good Evening Dinar Recaps,

Evidence Suggests Stablecoins Are Emerging as a Worldwide Asset Class | Globe Echo 

Stablecoin adoption is rapidly increasing, with research firm rwa.xyz reporting a 15% increase in the number of addresses holding both dollar and crypto-pegged stablecoins in 2024. Chainalysis also found that stablecoins are becoming more prominent in overall on-chain transaction activity, with increasing importance in various nations and regions.

Stablecoins, cryptocurrencies with values pegged to an external reference like the U.S. dollar, have represented over half of all on-chain transaction volume, highlighting their growing importance in the cryptocurrency market.

The adoption of stablecoins is being propelled by their ability to provide anyone with an internet connection access to the U.S. dollar, unlocking new pathways for financial inclusion. The U.S. leads in stablecoin purchases, but global demand is high, with over $40 billion purchased in March alone across diverse nations and regions.

 Stablecoins are serving as a critical bridge between traditional finance and cryptocurrency, with the stablecoin market currently valued at around $150 billion and expected to exceed $2.8 trillion by 2028.

The stablecoin market has become more competitive, with Ripple announcing plans to launch a USD-backed stablecoin on the XRP Ledger. This move is expected to generate more use cases, liquidity, and opportunities for developers, as well as provide additional crypto liquidity to service cross-border payments demand.

Stablecoins like PYUSD and Tether are being used for cross-border payments, remittances, and facilitating transactions in regions such as Latin America and the Caribbean, promoting dollar dominance and increasing access to U.S. dollars.

The growing demand for stablecoins has prompted lawmakers to focus on stablecoin legislation, with proposed regulatory frameworks aimed at maintaining the U.S. dollar’s dominance, promoting responsible innovation, protecting consumers, and combating money laundering and illicit finance. Legislation such as The Lummis-Gillibrand Payment Stablecoin Act seeks to establish a regulatory framework for payment stablecoins, requiring issuers to maintain one-to-one reserves and prohibiting unbacked, algorithmic stablecoins.

 This legislation, if passed, could accelerate institutional blockchain innovation and drive stablecoin adoption.

Despite the potential impact of stablecoin legislation on adoption, experts believe that stablecoins will continue to rise as a global asset regardless of regulations. Stablecoins provide a crucial solution for individuals in countries facing currency volatility, offering stability and facilitating commerce.

While regulations may provide more comfort for institutions using stablecoins and potentially bring banks into the stablecoin market, stablecoins have already surpassed all other types of cryptocurrencies in usage and represent over half of all transaction volume in recent months.

Overall, the adoption of stablecoins is on the rise globally, driven by their ability to provide access to the U.S. dollar, promote financial inclusion, and facilitate cross-border payments. Stablecoins are becoming increasingly important in the cryptocurrency market, with their market value expected to grow significantly in the coming years.

While stablecoin legislation may influence adoption in certain regions, experts believe that stablecoins will continue to play a crucial role in the cryptocurrency ecosystem and serve as a bridge between traditional finance and digital assets.
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How China is fueling gold’s record rally with unrelenting demand, Central Bank’s buying spree | Upstox

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Vietnam expected to become e-commerce powerhouse in Southeast Asia | Nhan Dan Online

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A SHORT STORY ABOUT TRUTH - an inspirational video | Youtube

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TRANSFORMING "E-COMMERCE with #tokenization | Twitter

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The Central Bank of Iraq's $600 Million Troubles IQD VND Rates & News | Youtube

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Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

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“Tidbits From TNT” Sunday 4-28-2024

TNT:

Tishwash:  Al-Sudani arrives in Riyadh to participate in the World Economic Forum

Prime Minister Muhammad Shiaa Al-Sudani arrived this Sunday morning in the Saudi capital, Riyadh, to participate in the World Economic Forum, at the invitation of Crown Prince Muhammad bin Salman bin Abdulaziz.

Al-Sudani will hold, according to a statement from his office, a copy of which {Al-Furat News} received, “on the sidelines of the forum, which is hosted by the Kingdom of Saudi Arabia under the slogan {International Cooperation, Growth, and Energy for Development,” a series of meetings with a number of leaders of countries, and with heads and representatives of major international companies specialized in The field of energy and digital technology.

The forum aims to support global dialogue and find solutions to common global challenges, and will witness the presence of a number of heads of state, and the broad participation of international experts and thinkers, from the governmental and private sectors, international organizations and academic institutions from 92 countries. link

Tishwash:  Al-Awadi: The World Economic Forum in Saudi Arabia is equal in importance to the Davos Forum

Government spokesman Bassem Al-Awadi explained that the World Economic Forum in Saudi Arabia is equivalent in importance to the Davos Forum in Switzerland, while stressing the importance of Prime Minister Muhammad Shiaa Al-Sudani’s expected participation in the World Economic Forum, which will be held on 28-29 in the Saudi capital, Riyadh.

Al-Awadi said in a press statement followed by Iraq Observer: “The Prime Minister’s visit to Saudi Arabia will be to attend the special meeting of the World Economic Forum that will be hosted by Riyadh, which is one of the largest forums and is equal in importance to the Davos Forum in Switzerland. The first title of this conference is international cooperation, growth and the energy sector from For development.”

He added, “More than a thousand important and influential figures will attend the forum held in Saudi Arabia, including a president, a leader, a political decision-maker, heads of major economic companies, thinkers and opinion makers in the governmental and private sectors around the world.”

He continued, “Therefore, this is a great opportunity for the Prime Minister to hold important, high-level meetings with world leaders and idea and policy makers in which Iraq’s current image, stability, and openness to investment and great investment opportunities in the country will be clarified. We are a country moving toward stability and need to know ourselves during The Prime Minister’s visits, which he spoke about in Washington, showed the true picture of Iraq in response to the blurry picture that some media outlets are trying to spread.”

He pointed out, “There is confusion about the Iraqi situation, and many believe that Iraq is unstable and the situation is chaotic, and this is contrary to reality. The true position must be clarified and correct relations with the outside must be built. Officials of brotherly and friendly countries are invited to visit Iraq to get to know its situation closely and in the true form that actually exists.” We tell them to visit Iraq from south to north and see the truth of the situation for yourselves and make sure that Iraq is stable and its doors are open to investment.”

Al-Awadi pointed out that “Iraq needs investments; To exploit its wealth, as well as to develop the industrial and agricultural sectors, to move from a rentier economy to a market economy, support the private sector, and provide more jobs in the private sector. During the Prime Minister’s visit to Washington, there was a delegation of businessmen in support of this trend.”

Regarding the relations between Baghdad and Riyadh, Al-Awadi explained, “Iraqi-Saudi relations are in continuous development and growth, and there was a leap last year under the government of Prime Minister Muhammad Shia’ al-Sudani, as trade exchange between the two countries jumped between one billion to one billion five hundred million dollars last year.” In the years before that, it was limited to $300 million or half a billion dollars.”

He stated, “We consider this leap in relations and cooperation a beginning, and the government is keen to expand commercial cooperation and other sectors to broader extents.”  link

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CandyKisses:  The Cabinet Secretariat suspends official working hours for next Wednesday

Baghdad today - Baghdad

Today, Sunday (April 28, 2024), the General Secretariat of the Council of Ministers decided to suspend official working hours next Wednesday in all ministries and institutions, coinciding with International Labor Day.

The secretariat said in a statement received by "Baghdad Today" that "it was decided to suspend official working hours on Wednesday, corresponding to May 1, 2024, in all ministries and institutions, coinciding with International Labor Day."

May 1 is International Workers' Day, an occasion in which the world's workers celebrate and demand their rights.

The story of International Labor Day began in Australia, where workers began to go out in demonstrations on April 21, 1856 to demand the limitation of 8 hours a day for work, and then demonstrations continued every year from that day in order to achieve this demand .

On May 1, 1886, more than 340,000 Americans quit work and begin a strike, and workers' protests were attacked by police forces on May 4 in Haymarket, resulting in many workers losing their lives.

In 1889, the World Workers' Congress was held, with 400 delegates attending, and a decision was made to limit 8 hours a day to work.

The Congress approved the proposal of the representative of the workers of the French city of Bordeaux Lavigen to designate May 1 as International Workers' Day, and this day began to be celebrated from 1890 to the present day.

This day has become part of the culture of all countries of the world.

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Tishwash:  Sudanese Advisor: The 2024 budget has entered into force... and there is no need to send its schedules to Parliament - urgent

 Today, Sunday (April 28, 2024), the financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, commented on the implementation of the 2024 budget without its schedules being approved by Parliament.

Saleh said, to “Baghdad Today,” that “the experience of the tripartite public budgets approved under the Federal General Budget Law No. 13 of 2023 (the tripartite budget) has become a binding law to be applied regularly and in an annual hierarchy without interruption and in accordance with public finance applications in implementing the details of the general budget itself.”

In both its operational and investment aspects, and because the application of the three-year budget experience as a medium-term financial plan has been approved in our country for the first time, in accordance with a text contained in the amended Federal Financial Management Law No. 6 of 2019.”

He stated that “the general budget for the year 2024 has become obligatory to implement since the country entered its new fiscal year and in accordance with the laws and financial and economic data contained in the texts of Law No. 13 of 2023 mentioned above, including operational expenses and investment expenses for current and new investment projects, as long as they occur.” Within the general budget constants No. 13 above.

Saleh stressed, “The text stated in the Tripartite Budget Law that the executive authority submits tables related to expenditures, revenues, and the estimated deficit for the current fiscal year 2024 is a constitutional and supervisory context and falls within the duties of the legislative authority.

Based on the above, working with the constants of the Federal General Budget Law ( The tripartite budget does not conflict with the progress in implementing the requirements of the national development program, especially in implementing new projects whose allocations are approved within the law, and that this executive mechanism is the basis on which the tripartite budget philosophy was based, which provided legal flexibility in advancing the wheels of economic development projects without time delays and loss of time opportunities.

 Therefore, presenting the expenditure and revenue schedules for the fiscal year 2024 is a context undertaken by the legislative authority within its constitutional oversight duties to ensure the progress of implementation of the federal tripartite budget law  link

Mot: . UH OH!!!! --- Getting Payback!!!! 

Mot: ... Hoping fer a Darwin Award!!! 

News, Rumors and Opinions Sunday 4-28-2024

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. 28 April 2024

Compiled Sun. 28 April 2024 12:01 am EST by Judy Byington

Sat. 27 April Wolverine: Something monumental is brewing in Brazil’s financial corridors, a change so significant, but shrouded in clandestine maneuvers, that it seems almost surreal.

On Tues. 23 April an announcement was made on the official website of the Central Bank of Brazil about the advent of a new “international banking” system scheduled to launch on May 2, 2024.

What appears to be a routine update to banking infrastructure is, in fact, a veil for something much deeper. The complexities of these banking systems may escape the layman’s understanding, but the implications are clear: Brazil is on the verge of a banking revolution. This is a seismic change in the way global financial operations will interact with Brazilian mechanisms.

Our securities and financial transactions, which lie beyond Brazil’s borders, seem protected from this upheaval. They will continue uninterruptedly. This assurance was intended to calm nerves, but instead it raises questions. What is so transformative about this new system that other global transactions remain unchanged? Is this just a refinement of the process or are we looking at preparing for a bigger play in global financial theater?

Let’s delve deeper. A conversation that suggested an unexpected delay attributed to a possible spy infiltrating a crucial meeting. Think about it: a spy? This suggests that the risks are greater than anyone will publicly admit. Why the need for so much secrecy and intrigue unless there is a huge power play at hand?

Skye’s observation about spying inside the closed doors of the banking sector is downright ominous. It paints a vivid picture of a battlefield, where financial titans and shadowy entities face off behind the smokescreen of bureaucratic announcements.

A hearing is scheduled for the Tier4B group on Thurs. 2 May. This is a calculated move in this game of chess, a moment that could decide the fate of many. The expectation of this day is to prepare for impact.

Let’s talk about the reliability of these communications. I’m in contact with a source directly from Portugal, a source that promises unfiltered and first-hand news. This is as straightforward as it gets. The promise of “green light news” hangs over us, hinting at imminent developments that could change everything.

Consider the rapidity of the revaluation of the Kuwaiti dinar – a historical precedent that illustrates how quickly fortunes can change when conditions are right. Could Brazil’s new banking system trigger a similar event? The official narrative dismisses such possibilities, but history teaches us to look beyond the facade.

The silence of entities like the IMF and the US Treasury in the face of these imminent changes is deafening. Why the lack of confirmation or denial? Their silence could very well be an admission that something significant is on the horizon, something that could redefine power structures in global financial markets.

Now, as we approach May 2, the tension is palpable. It’s a matter of preparation. How will we respond to the changes that will come? How will the global financial community react when the full scope of Brazil’s plans becomes apparent? We must also consider the human element in this grand scheme. Carpathia’s note serves as a poignant reminder: “Believe in your dreams – never, ever give up.” This is a rallying cry for everyone caught up in these tides of change. Our dreams and our visions for the future are intertwined with these monumental shifts in power and politics.

We are on the cusp of something huge, a moment that will define the next era of global finance. The pieces are moving, the players are in position, and the game is about to change. Get ready. May 2nd is the beginning of a new battlefield

Global Financial Crisis:

China Dumps $74,000,000,000 in US Treasuries in One Year As Two BRICS Nations Say They’ve Abandoned Dollar in Mutual Trade https://dailyhodl.com/2024/04/26/china-dumps-74000000000-in-us-treasuries-in-one-year-as-two-brics-nations-say-theyve-abandoned-dollar-in-mutual-trade/

900 Bankers Dragged from Secret Meeting to GITMO – Surveillance and Swift Arrests Unleash Justice! https://gazetteller.com/insider-info-900-bankers-dragged-from-secret-meeting-to-gitmo-surveillance-and-swift-arrests-unleash-justice/

JP Morgan Chase and Bank of America suffer $4,500,000,000 in losses as unrecoverable debt soars.

Judy Note:  It’s only wise to have at least a three-week supply of food, water, cash, fuel, medicine and essential items on hand for yourself and to help others in case of a disaster.

Read full post here:  https://dinarchronicles.com/2024/04/28/restored-republic-via-a-gcr-update-as-of-april-28-2024/

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

Bruce   [via WiserNow]  Iraq is going to enter the World Trade Organization...They have qualified to become a full fledge member of the WTO on May 8th...

Walkingstick  The new exchange rate is determined by the CBI on behalf of the GOI...  

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:  The new shipping cards [MasterCard], banks are giving this to all of us Iraqi citizens.  It's for buying fuel and for merchandising and stores and online shopping.  This is all on the television...obviously they're setting us up to give us a new exchange rate... FRANK:  Those that I told you to pay attention to are telling you, due to the trip to Washington DC your national currency, your dinar, will return to its price.  It will be reinstated back to what it was...

The Central Bank of Iraq's $600 Million Troubles IQD VND Rates & News

Edu Matrix:  4-27-2024

The Central Bank of Iraq's $600 Million Troubles IQD VND Rates & News - Ghost Travelers; The IMF Tax Reform for Iraq and Vietnam Opportunity for VND Investors.

 The US Gov is not amused by Iraq's latest corruption, even if it is funny. We are not yet sure of the final fallout of such a scheme.

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

Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24

Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24

Good Evening Dinar Recaps,

CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.”

👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a  Commission’s seriatim process.

The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners.

So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.

Final Rule is the implementation phase of the legislative process, so it doesn't look like we're going to wait until May 13th for this to move into the implementation stage.  CFTC  Gibson Dunn   SEC

Yes, this is regarding our ability to exchange Foreign Currency.

© Goldilocks
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"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."

National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.

Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.

This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.

Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world.   Fintech Global   HCL Tech    Temenos

© Goldilocks
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When Gold & Commodities Explode, Currencies Implode w/ Bill Holter | Youtube

When gold and other commodities explode to the upside, currencies begin to collapse within themselves.

This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.

Here, we will see currency interventions take place after the de-dollarization process provides a bridge to the new digital gold standard economy.

© Goldilocks
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The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. | CNN

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Air Zimbabwe Embraces ZiG Currency | Pindula

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House and Senate race to approve stablecoin legislation as interest rises | Kitco   

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Chinese Investment Gold Demand Soars - Numismatic News

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HKMA Proposes Revisions to E-banking Risk Management Requirements | РИСК-АКАДЕМИЯ - АНО ДПО ИСАР |  Regulation Asia

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WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. | Treasury Press Release

👆  Goldilocks pointed to this article
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Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report | Daily Hodl

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4/27/2024 MissiOkie's husband Charlie passed. He was in peace and so is MissiOkie. Please pray for MissiOkie and the family. God Bless

MissiOkie is the Seeds of Wisdom Team Coordinator!
Seeds of Wisdom Team Prayer Room Link 

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Basel Committee on Banking Supervision Announcement:

"BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management."   Capital

😔 More on this tomorrow...

© Goldilocks
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The IMF's Warning to the United States- How US Overspending Affects Gold & Crypto  | Youtube

👆 Do you see how inflation is pushing people like you and me into gold and crypto adoption?

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👆 more on this tomorrow ...

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Taxing Unrealized Gains Would Obliterate The U.S. Economy | ZeroHedge

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Franklin Templeton launches Ethereum ETF, listed on DTCC | CoinTelegraph

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DTCC rules out collateral for Bitcoin-linked ETFs | CoinTelegraph

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Follow Goldilocks' Roadmap

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Economist’s “News and Views” Saturday 4-27-2024

PROOF The U.S. Economy In Worse Shape Than We’ve Been Told

Atlantis Report:  4-26-2024

In a country that prides itself on openness and responsibility, a concerning reality has emerged: the actual state of the U.S. economy may be significantly worse than what official reports suggest.

Recent reports have raised concerns about the nation's financial stability. These reports have challenged the optimistic projections and cautious hope that have been dominant.

The warning signs are increasing and point toward an economy that could be on the edge of a crisis. This crisis could have far-reaching implications for both households and businesses.

 Among the concerns are stagnant wage growth and skyrocketing consumer debt. With the November elections approaching, these reports have raised red flags and have severe economic implications.

https://www.youtube.com/watch?v=2tpupoj3O-k

Start Of Financial Crisis? Former FDIC Chief: Banks Are Still ‘Vulnerable’ | Thomas Hoenig

David Lin:  4-27-2024

Thomas Hoenig, former President of the Kansas City Fed (1991-2011), former Vice Chairman of the FDIC (2012-2018), and currently the Distinguished Senior Fellow at the Mercatus Center, says that the banking system is still "vulnerable".

 Two days after the filming of this interview, regulators closed Philadelphia-based Republic First Bank on April 26.

 Hoenig also discusses his outlook on the economy, inflation, and monetary policy.

 *This video was recorded on April 24, 2024

1:30 - Banking sector still 'vulnerable'

12:30 - Bank run and financial collapse

14:50 - FDIC and cryptocurrency

18:05 - Inflation outlook

 22:54 - Fed cuts this year?

24:10 - Why have a 2% inflation target?

 28:39 - QE and inflation

29:54 - Fed policy and other central banks

31:50 - QT and asset prices

32:47 - Fed's forward guidance

 36:00 - How Fed decisions are made

 37:00 - Politics and the Fed

37:34 - Fed's performance in 2024

https://www.youtube.com/watch?v=MlvquE9Oexc

ALERT! Bank Failures Begin & as FDIC Hiding 1,000's of Insolvent Banks! GOT SILVER?!

(Bix Weir)  4-27-2024

The flood gates are open for the 2024 Global Banking Collapse! Republic First Bank just went belly up and the FDIC organized another stealth uninsured depositor bailout costing the Deposit Insurance Fund $667M.

There are Thousands of more banks in line to be shutdown before the end of the year so make sure you are OUT OF THE BANKING SYSTEM!

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