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  1. Here's an article of Dinarian intersts... Saudi Arabia Prepares for imminent GCR. Treat as a rumor. Not verified. Your opine. Awake-In-3D: Saudi Gold Accumulation: Preparing for Currency Revaluations & Dollar Decline. ARTICLE: Recent & secretive Saudi gold accumulation aligns with a growing global trend, fueling expectations of an imminent currency reset. The global financial landscape can feel like a never-ending puzzle, but one thing is becoming increasingly clear – the secretive Saudi gold accumulation hints at something is very big on the horizon. As the kingdom stockpiles gold & shifts away from traditional Dollar-based systems, we are left wondering: Are we on the verge of a Global Currency Reset?
  2. Here's an article of GCR interests... Keep in mind, this is only one economists opinion. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: A Modern Global Monetary Reset Requires Years Of Secret Planning. ARTICLE: The reset & revaluation will be a permanent change, nothing like a stock pump, overshoot & subsequent regression back to normal. A modern global monetary reset requires years & years of secret international negotiations & planning. How comical to imagine the process is as straightforward & cursory as a picnic in the park. This is true. There will be fiat interests that detest the reset & do not see it as inevitable. However, at some point they lost the fight but they will continue to fight unsuccessfully right up to the designated day, after which, they will be no more. So far, it is more a Dollar FX move than a #gold or #silver move. IMHO, the pressure cooker lid will not be removed until the designated day later in the year, although there may be some noise bubbling in the meantime. LUIGI'S TWO CENTS WORTH: The GCR-NESARA-GESARA were decades in the planning. No one global leader or administration can take credit for it. OBiden spoke of a new source of revenues on several occasions. Could that new source of revenues be taxes on our RV-RI & the GCR? No matter who wins the 2024 US election... That president will be stepping into a very prosperous term... At the right place at the right time. That leader may take credit for the prosperity of the nation & world. Nevertheless, the 'Powers That Be' in office, will become like Gods for saving the global economy. Again...this is nothing the administration has done to make it all happen. IMHO.
  3. Here's an article of Dinarian interests... For educational purposes, only. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: The GCR & The Future Of A Global Currency. ARTICLE: The GCR: What Is The Future Of A Global Currency. The Global Currency Reset (GCR) typically refers to a hypothetical event in which the world’s currencies are supposedly “reset”. The GCR looks at new values based on the revaluation of specific currencies & the devaluation of others. Proponents of the GCR theory argue that this reset is necessary to address the current flaws in the global financial system. A GCR can level the playing field for developing nations. There are several impacts that global currency changes can have on individuals & their businesses, global mobility & investing. A Brief History Of Fiat Currency (Modern Money). Fiat currency is not backed by a physical commodity such as gold or silver but is based on confidence & trust in the issuing government or central bank. Bretton Woods Gold Standard. The Bretton Woods Agreement of 1944 established the US Dollar as the world’s reserve currency & pegged it to the value of gold, providing a fixed ER system. After World War II, governments sought to manage their economies& stabilize their currencies. The agreement required countries to guarantee the convertibility of their currencies into US Dollars to within 1% of fixed parity rates, with the Dollar convertible to gold bullion for foreign governments & central banks. Move to the PetroDollar. This type of fiat policy lasted until 1971, when the US government ended the gold standard. The move away from the gold standard was another “global currency reset” at the time & has existed for the last fifty years. Shortly after 1971, the term “PetroDollar” refers to the system that emerged whereby oil-exporting countries agreed to price their oil exports in US Dollars. The PetroDollar allowed the US to maintain its dominance in the global financial system & helped to support the value of the US Dollar. Several currencies are pegged to the US Dollar, a common strategy in the Caribbean & several of the citizenship by investment countries. The East Caribbean Dollar is the primary currency across all five CBI countries & investors can settle their financial investment requirements in US Dollars to obtain citizenship. Turkey’s citizenship by investment programs pricing is in US Dollars. Although in this instance, investors need to convert their US Dollar into Turkish Lira. The Global Currency Reset. Potential Benefits and Challenges of a Global Currency Reset. Proponents of a global currency reset (GCR) argue that there could be several benefits to a global currency reset. Some hope that a GCR will help to reduce the disparity in wealth & income between countries & promote greater financial fairness by reducing the dominance of a single country’s Currency in the global financial system. A currency reset moves away from a monetary system focused on short-term profits & speculation. Additionally, a GCR could promote a more efficient allocation of resources & investment in long-term development. In this regard, the global currency reset reduces geopolitical tensions by reducing the dominance of a single country’s currency in international trade & finance and could promote greater cooperation & stability in global economic relations. Proposed Models for a Global Currency Reset. As there is no official movement or proposals on a currency reset, it is challenging to nail down one model that can be adopted. That being said, here are four potential options for a global currency reset. A Global Reserve Currency. Under this model, a single global reserve currency would replace the current system, in which the US Dollar is the dominant reserve currency. This global Currency could be backed by a basket of commodities or other currencies & managed by an international body such as the International Monetary Fund (IMF). Regional Currencies. Another model for a GCR would involve the creation of regional currencies within specific geographic areas. For example, the Euro is a regional currency used within the European Union. Under this model, several regional currencies could replace the US Dollar as the dominant global Currency. Blockchain-Based Currencies. Some proponents of a GCR have suggested that a blockchain-based cryptocurrency is ideal for replacing the current system. This Currency would be based on decentralized ledger technology & managed by a distributed network of computers rather than a central authority. It is possible that Bitcoin or Ethereum be the global settlement cryptocurrency in the future. There are a few citizenship by investment nations that are forward looking with regards to a GCR. Antigua & Barbuda’s Digital Assets Business Bill & Saint Kitts & Nevis Virtual Assets Bill are two pieces of legislation that allow registration of businesses interacting with cryptocurrencies. One step closer to allowing investors to pay for citizenship directly with crypto in the future. Central Bank Digital Currency (CBDC). Similar to a blockchain-based currency, A CBDC is a digital version of a country’s fiat currency issued & backed by the central bank of that country. It operates on a centralized ledger & is subject to the central bank’s monetary policy. The purpose of a CBDC is to provide a secure & efficient means of payment while also providing greater transparency & control over the monetary system. Central Digital Bank Currencies (CBDC) or Cryptocurrency in the Global Currency Reset. One of the biggest global currency resets will be a central bank digital currency or cryptocurrency. Governments favor a CBDC because of their ability to control & have absolute visibility. Cryptocurrency & peer-to-peer transactions do not offer the government such control. Is a Central Digital Bank Currency (CBDC) a Cryptocurrency without Privacy? Governments are investigating the use of CBDC for a variety of reasons. One of the primary motivations is to increase financial inclusion. CBDCs could provide access to financial services for people who do not have access to traditional banking systems. By providing a digital payment system that does not require a bank account, CBDCs could help to reduce the number of unbanked individuals. Another potential benefit of CBDCs is improving payment system efficiency & leading to faster & more cost-effective transactions. CBDCs could also provide central banks with additional tools for implementing monetary policy. For example, a CBDC could have negative interest rates, stimulating economic growth during periods of economic downturn. Governments using a CBDC can offer greater protection to consumers against f***d & theft. All transactions are available on a secure, tamper-proof ledger. A CBDC will require its users to complete a KYC before being able to transact. There is the potential for privacy & encryption technology, but governments will unlikely align this way. Global Cooperation of a CBDC as the Currency Reset. If Nigeria’s CBDC is anything to go by, there will be severe pushback from a large portion of the population. The opposing viewpoint from Nigerian citizens is the manner of design of the Currency, the lack of trust in the government & central bank & the perceived benefits & drawbacks of the system. A CBDC raises privacy concerns using a centralized ledger to record all transactions. The CBDC would give the government or central bank issuing the CBDC a high degree of visibility into individuals’ financial activities. Although a global currency reset and CBDCs can include zero-knowledge privacy, there will be doubt among potential users. Alternatively, countries like El Salvador adopted Bitcoin as a legal tender & the use of StableCoins as transaction currencies. A stablecoin is pegged to the US Dollar but is a cryptocurrency, allowing users to transact anonymously. Previously bankless citizens now being able to engage in financial transactions with relative ease. If privacy is not a concern for businesses and investors, a global currency reset can offer several benefits for business transactions. Faster & more efficient payments. -Lower transaction costs. -Improved security and f***d protection; & -Increased access to financial services. Impact on Citizenship by Investment and Golden Visa Programs. One advantage of using a CBDC for citizenship by investment is a easier & faster option for investors to transfer funds. CBDC investors can move their investment funds more quickly & securely than with traditional payment methods. Additionally, because the details of all transactions are on a secure, tamper-proof ledger, it may be easier for governments to track & verify investment transactions. Seeing each transaction could help to prevent f***d & ensure compliance with citizenship by investment program requirements.
  4. Here's an article of Dinarian interests... FYI: GCR-QFS Updates. Treat as a rumor. Not verified. Your opine. David Wilcock: The Financial System’s Collapse Is Imminent—EBS, QFS & NESARA Are Set To Launch! ARTICLE: The storm is upon us, and the truth is breaking through faster than they can cover it up. High-level insiders are confirming that the Quantum Financial System (QFS), the Emergency Broadcast System (EBS), and NESARA are not just rumors—they’re ready to roll out! Politicians in the know are leaking critical details, whether by accident or design, preparing us for the seismic shifts ahead. This is a coordinated effort, folks—those who want to be on the right side of history when the hammer drops are making their moves now. Congressman Jim Jordan was overheard in a Capitol Hill hallway with Marjorie Taylor Greene, discussing the “imminent unveiling of the new financial system,” which will pull the rug out from under the c*****t. This wasn’t some vague chat—it was a direct reference to the QFS. Greene confirmed, saying the EBS is “ready to go live any day now,” urging everyone to prepare for a global lockdown. This is a warning straight from the insiders. At a closed-door MAGA event in Phoenix, Kari Lake revealed to a select group that the QFS is already testing, and we’re on the brink of a total financial and political overhaul. She warned that the d********e bankers are cornered, desperately trying to negotiate deals to save their own s***s before the EBS exposes their shady dealings. Mike Pompeo, at a Texas fundraiser, dropped a bombshell: “The financial system as we know it is on its last legs,” hinting at a transparency shift that will shake this country and beyond. One attendee, speaking on condition of anonymity, confirmed Pompeo was talking about NESARA and the QFS—suggesting a financial reset that will expose decades of c********n. In Florida, Matt Gaetz didn’t hold back. At a private gathering, he declared, “The days of the Federal Reserve and their secret manipulations are over.” The QFS, he says, is a divine tool to restore balance, and the EBS is set to “broadcast the truth to the masses.” But it’s not just in the U.S.—this is a global shift. During a private meeting in Mar-a-Lago with Trump and key international allies, Hungarian Prime Minister Viktor Orbán confirmed that European leaders have been briefed on the QFS rollout, and those who resist will be left exposed and powerless. General Michael Flynn, in an August 2024 interview, confirmed the military is prepared for this complete global restructuring. The EBS will soon be activated to reveal the truth, shattering the lies and deceit that have enslaved humanity for too long. At a recent roundtable hosted by Sidney Powell, she declared that central banks have had their run, but it’s over. The new financial system is ready to expose every d***y secret. The EBS is set to be triggered, finally bringing to light what we’ve been fighting for. The signals are clear, the signs are everywhere. These leaks aren’t just chatter—they’re warnings. The QFS is on its way, the EBS is about to be activated, and NESARA is set to transform our world. The old c*****t system is crumbling, and the new one is rising from the ashes.
  5. Here's an article of GCR interests... Basel III Implemented 1 Oct. Treat as a rumor. Not verified. Your opine. MikeCristo8: Basel III Requirements Start on October 1st. ARTICLE: Gold replaces U.S. Treasuries as the new bank collateral requirements for banks to issue loans starting Oct 1. Sept will be the stock sell-off as Fed keeps rates unchanged. Basel III requirements start on Oct 1.
  6. Here's some articles of Dinarian-GCR concerns... -The Announcement & Launch Date Of NESARA. -The Announcement and Launch of NESARA” by Patriot in Limbo. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: The Announcement & Launch Date Of NESARA. ARTICLE: I’ve practically read some of the best news in a long time. We will be having the announcement of the launch of NESARA which seems to be like the first days of April, so we will see soon… What they are basically saying is that NESARA will be announced to the world, which will show that EVERYTHING NEW is beginning. Then after that, there will be an emergency broadcast system circulating globally, where they will literally be showing documentaries of everything that has happened to wake up the masses. But, to do that, there will be a message on EBS saying that sometime in the next 5 hours or so, everyone needs to be home & a global lockdown will begin for 10 to 12 days. During that lockdown it will be broadcast on every station and there will be documentaries to provide full disclosure for everyone to see everything that has been happening. So at the end of the 12 days, apparently there will be an 800 number that we will then have to call & then from that point we will be given our quantum appointment with confirmed date & time to go to. (Here it refers to VR). Other things were also announced. Apparently we already GLOBALLY ALL have a sum of money in our quantum account & the reason why there hasn’t been much information coming from the QFS team in these last few weeks, is because some important things were happening. One of the things is about about 75 banks that were said to have been seized & all assets & accounts closed & all of these were Cabal accounts. These assets have then been taken & moved to the quantum financial accounts to be returned to the people. Also all trust funds were moved to the QFS account. So, that’s already moved, which is awesome! In fact, over time, money will no longer be a problem. Money literally just won’t be important because everyone will have enough to live an abundant life. So try to progress instead of being held back for so long. This is incredible news & it is what we have been waiting for. They also confirmed that all the central banks have been taken & entered into the QFS, so they are all on the ISO 20022 standard & the other thing to remember is that this is blockchain & nothing fraudulent can happen because everything is traceable. Any money that is sent they can see where it goes. Stops corruption in its tracks. There’s nothing about moving money behind doors or, you know, banks in the middle of nowhere abroad & stuff like that. None of that can happen anymore. All money is traceable & remember this is on a computer that is from Out of This World… it’s next level stuff. Now we are in the final steps. Then the stock market will crash because when it does, it will be the end of it. -The Announcement & Launch of NESARA” by Patriot in Limbo. I got to say something, April 2025??? Really to announce Nesara/Gesara 8 Months from now April/2025??? We are already suffering, young & old together! What is wrong with you people, so many suffer while this 4 year crap show goes on in the fake WH? You never address if the RV comes before Nesara/Gesara??? Do we starve and suffer until some group decides we deserve abundance, that we deserve food & air conditioning/heat through this next winter?? We are 1st of all in the RV because in our lives, in my life, I have always gave anything I have to help, now more & more I can’t because I’m barely eating so… it’s hard but I still give…. still no Rv, now No Nesara/Gesara till April 2025??? It’s ridiculous. The RV is needed Right Now, no lies, no crap just the now. You know the RV is not just for ourselves & our family although God wants us to set ourselves & our families up but along the way help as many, many, many as we can!! How do you want us to keep our vibrations up when there’s always delays, delays… 8 months really??? Also is EBS after the RV? Is the RV Before Nesara/Gesara??? (8 months away?) RV before/after stock market crash? Which is it?, all the years waiting…
  7. Here's some articles of Dinarian interests... Treat as rumors. Not verified. Your opine. FROM VARIOUS SOURCES: THESE QUOTES,RESEARCH, & OPINIONS ARE FROM ASHELEY PROSPER ON X. ARTICLE: DEFINITELY WORTH A READ!! We keep telling you XRP is the one. But you just won’t listen. Maybe some of these quotes will help you see the truth. By Brad Garlinghouse. “XRP: is a bridge currency. We believe it has the potential to reduce liquidity costs & enable faster, lower-cost cross-border payments.” Christine Lagarde: (President of the European Central Bank) “Ripple is doing a lot of work in facilitating exchanges & making sure that there is no need for a central counterparty, but that we know exactly who is doing what & who is exchanging what.” JP Morgan: “If Ripple wins SEC lawsuit, XRP is poised for significant adoption.” Bank of America (2019 Report) “Ripple’s technology is attractive for its ability to settle cross-border transactions almost instantly.” David Schwartz: “XRP was designed to be a better Bitcoin.” World Economic Forum: “Ripple’s XRP is one of the most scalable and efficient digital assets available for cross-border payments.” Jesse Lund (IBM) “Ripple’s approach with XRP is interesting as it provides a digital asset that can settle in real-time across multiple networks.” SBI Holdings: “XRP has the potential to become the global standard in digital currencies for cross-border transactions.” Chris Larsen: “We’re working with regulators, we’re working with central banks. I think that’s an important part of our strategy.” Christine Lagarde: “Ripple has addressed many of the issues associated with cross-border payments, particularly around speed, transparency & cost-efficiency.” American Express: “Ripple offers a compelling proposition in cross-border transactions, reducing settlement times from days to seconds.” Bank of America: “Ripple’s solution can potentially bring substantial cost efficiencies in our cross-border transactions.” Yoshitaka Kitao: “XRP is the most efficient, scalable digital asset for payments & it plays a pivotal role in the development of new financial infrastructure.” Cathy Bessant (Bank of America): “We’ve been in partnership with Ripple for a while. We’re testing & piloting the use of blockchain technology in different areas where we see the potential for immediate value.” Marc Andreessen (Andreessen Horowitz): “Ripple’s approach to leveraging blockchain for the financial industry shows immense promise. The speed and efficiency gains are remarkable.” Digital Currency Group (DCG): “Ripple’s innovative approach to cross-border payments is setting new standards in the financial industry & XRP plays a crucial role in this evolution.” Amazon Web Services (AWS) – Ripple Case Study: “Ripple provides one frictionless experience to send money globally using the power of blockchain.” Ross Leckow (IMF)' “Ripple’s technology can help enhance financial inclusion & improve the efficiency of the global financial system.” Ripple and Apple’s Collaboration with Interledger Protocol (ILP): “Apple’s integration of Interledger Protocol, which Ripple helped develop, shows the potential for broader adoption of blockchain technology in mainstream tech ecosystems.” Google Ventures: “Ripple’s vision of instant, secure & low-cost global payments aligns with the future of financial services. XRP’s utility as a bridge currency is an integral part of that vision.” Santander Bank: “We are excited to leverage Ripple’s technology to provide our customers with faster, more secure international payments, allowing us to stay ahead in the rapidly evolving financial industry.” Microsoft’s Azure Blockchain Workbench: “Ripple’s integration with Microsoft’s Azure Blockchain Workbench enables businesses to send & receive cross-border payments with unprecedented speed & security.” Tom Jessop (President, Fidelity Digital Assets) “We see Ripple & XRP as one of the more mature & viable digital assets in the market, with a clear use case in cross-border payments.” -Big news from the Seeds of Wisdom team! We’re expanding and reaching new heights, thanks to the incredible support of Nate (Mr Anonymous) to take this on to help our community. To share valuable insights with even more people, we’re launching a YouTube series! 🎥 Our inaugural guest is the knowledgeable Bob Lock who will share his expertise on planning and currency. Get ready to learn & grow! 💡 Don’t miss this opportunity to gain wisdom from the best! 📣 Listen: YouTube —– Date & Time To Be Announced Soon. Please Like and Subscribe on YouTube Bob Lock: Link -Superstate integrates Chainlink for tokenized treasury fund. Superstate, a blockchain-based asset management firm, has integrated Chainlink’s technology as it taps into the growing tokenization market. The asset manager will leverage the Chainlink Data Feeds to bring net asset value data for its tokenized treasury fund on-chain. In the announcement Superstate stated it aims to enhance the composability of its Superstate Short Duration US Government Securities Fund by utilizing Chainlink’s technology. The integration enables the firm to access crucial off-chain data, essential for market pricing, utility, and transparency. -IOTA launches blockchain tool to simplify music rights management. IOTA has introduced a new blockchain-based tool aimed at simplifying music rights management in the film industry. IOTA (IOTA), a distributed ledger focused on the exchange of value & data, has unveiled a blockchain-driven tool designed to transform the management of music rights in films, addressing what the project describes as a traditionally time-consuming process. The new solution, developed under the European Blockchain Pre-Commercial Procurement initiative & funded by the European Commission, leverages distributed ledger technology to streamline negotiations & secure intellectual property rights more efficiently, according to an Aug. 12 blog announcement. The core of IOTA’s latest solution is the Smart Contracts for Media system, which automates contracts between film producers & rights holders. These smart contracts are self-executing digital agreements, intended to reduce the time traditionally required for negotiations & payment processes. IOTA claims its solution promises to “revolutionize the way intellectual property rights are handled,” enabling producers to select predefined contract templates, make real-time adjustments, & finalize terms digitally. Once agreed upon, the smart contracts are deployed on the IOTA Smart Contract Chain, ensuring the agreements are immutable. The tool also incorporates non-fungible tokens (NTFs) to represent rights and obligations. These NFTs contain unique identifiers that link to detailed data stored off-chain using the InterPlanetary File System (IPFS), a decentralized storage solution. -Coinbase Urges SEC to ‘Abandon’ Its ‘Irrational’ DeFi Exchange Rule. The SEC’s move to regulate DEXs would make it functionally impossible for DeFi projects to exist in the US, Coinbase wrote Monday. Coinbase once again came out swinging Monday against the U.S. Securities & Exchange Commission (SEC’s) yearslong attempt to expand a bureaucratic definition of the word “exchange,” which if successful would bring the DeFi ecosystem firmly under the regulator’s purview. In an eight-page comment submitted to the SEC on Monday, Coinbase Chief Legal Office Paul Grewal chastised the potential rule change as “arbitrary” & “irrational” in several respects & urged the agency to “abandon its effort” to apply the proposed rule to decentralized exchanges (DEXs). Fundamental to Coinbase’s argument against the change is the SEC’s continued refusal to concede that DEXs—which are run by automated, on-chain software (aka smart contracts) with little to no human management—are by definition incapable of complying with rules & standards designed for traditional securities exchanges like the New York Stock Exchange. “DEXs cannot comply with registration & disclosure requirements designed for legacy financial exchanges managed by centralized companies,” Grewal wrote. “And even if DEXs could somehow comply with existing registration and disclosure rules, the Commission does not explain how SEC-registered DEXs could facilitate the trading of digital assets.” Because of these apparent tensions, Coinbase implied in its letter to the SEC today, the agency may well be attempting to outlaw DEXs implicitly, without saying so. “The SEC benefits from robust engagement from the public & will review all comments submitted during the open comment period. Generally, we respond to comments received as part of the final rulemaking & not beforehand,” an agency spokesperson told Decrypt following the initial publication of this story. Coinbase further accused the SEC of failing to complete a proper cost-benefit analysis of the proposed rule change. That’s due to the fact that the regulator has only stated in blanket terms that it would regulate exchanges that deal in “crypto asset securities,” without defining which sorts of digital assets constitute securities & which do not. The SEC’s longstanding refusal to draw such a line—between which cryptocurrencies it views as securities, and which it does not—remains one of the crypto industry’s greatest grievances with the agency. Insteading of putting forth such a framework, the SEC has opted to sue crypto projects it alleges constitute illegal securities offerings, one at a time. The regulator has even, in recent months, appeared to flip-flop on its own views of certain crypto assets. For over a year, for example, the SEC reportedly secretly considered Ethereum to be a security. Then, in May, the agency abruptly changed course, approving the trade of spot Ethereum ETFs on Wall Street. Because the SEC has not clearly defined which cryptocurrencies it considers to be securities, Coinbase wrote today, it cannot possibly have properly calculated an accurate cost-benefit analysis determining how much financial activity would fall under its purview if DEXs were regulated like securities exchanges. “The SEC cannot rationally make these calculations without a single, stable view on which digital assets are subject to the securities laws,” Grewal wrote. The SEC has been going after numerous crypto companies for billions of Dollars. There was an article yesterday with negative comments on CFTC rules too. Congress needs to get some of those bills passed that define what entity regulates what so America can catch up to other countries regulating our new financial system. Taking companies to court & fining them billions of dollars is just hindering our progress. I found these two bills that were introduced in the Senate two years ago but never passed. -Senate Bill S. 4760. Digital Commodities Consumer Protection Act of 2022 (DCCPA). Introduced in Senate (08/03/2022). To amend the Commodity Exchange Act to provide the Commodity Futures Trading Commission jurisdiction to oversee the spot digital commodity market & for other purposes. -Senate Bill S.5030. Digital Trading Clarity Act of 2022 (DTCA). Introduced in Senate (09/29/2022). This bill establishes a safe harbor from securities regulation for certain digital asset exchanges & intermediaries. This safe harbor applies if (1) such digital asset is not classified as a security by the Securities and Exchange Commission (SEC) or by a U.S. court & (2) the exchange or intermediary complies with requirements regarding listings, customer protection & disclosures. If a digital asset is determined to be a security and otherwise meets these requirements, the exchange or intermediary has a two year period during which the SEC may not pursue specified enforcement activity against the exchange or intermediary.
  8. Here's an article of Dinarian interests...China is sick & tired of carrying the world on it's back. Other nations must carry the burden. Are you listening, OBiden? FROM OTHER SOURCES: These Six Drivers Keeping the Global Economy Alive are Now Gone. -These Six Drivers Are Gone, And That’s Why The Global Economy Is Toast. The global economy is toast. All that’s left is the distribution of the burned bits. The six one-offs that drove growth & pulled the global economy out of bubble-bust recessions for the past 30 years have all reversed or dissipated. Absent these one-off drivers, the global economy is stumbling off the cliff into a deep recession without any replacement drivers. Colloquially speaking, the global economy is toast. -Here are the six one-offs that won’t be coming back: 1) China’s industrialization. 2) Growth-positive demographics. 3) Low interest rates. 4) Low debt levels. 5) Low inflation. 6) Tech productivity boom. -Cutting to the chase, China bailed the world out of the last three recessions triggered by credit-asset bubbles popping: the Asian Contagion of 1997-98, the dot-com bubble & pop of 2000-02 & the Global Financial Crisis of 2008-09. In each case, China’s high growth and massive issuance of stimulus & credit (a.k.a. China’s Credit Impulse) acted as catalysts to restart global expansion. -The boost phase of picking low-hanging fruit via rapid industrialization boosting mercantilist exports & building tens of millions of housing units is over. Even in 2000 when I first visited China, there were signs of overproduction / demand saturation: TV production in China in 2000 had overwhelmed global & domestic demand: everyone in China already had a TV, so what to do with the millions of TVs still being churned out? China’s model of economic development that worked so brilliantly in the boost phase, when all the low-hanging fruit could be so easily picked, no longer works at the top of the S-Curve. -Having reached the saturation-decline phase of the S-Curve, these policies have led to an extreme concentration of household wealth in real estate. Those who favored investing in China’s stock market have suffered major losses. (see chart below). -This is the problem with overproduction as a model of endless growth: it eventually overwhelms demand and the income needed to pay for it. -Where China’s workforce was growing during the boost phase, now the demographic picture has darkened: China’s workforce is shrinking, the population of elderly retirees is soaring, and so the cost burdens of supporting a burgeoning cohort of retirees will have to be funded by a shrinking workforce who will have less to spend / invest as a result. -This is a global phenomenon & there are no quick and easy solutions. Skilled labor will become increasingly scarce and able to demand higher wages regardless of any other factors & that will be a long-term source of inflation. Governments will have to borrow more–& probably raise taxes as well–to fund soaring pension & healthcare costs for retirees. This will bleed off other social spending & investment. -The era of zero-interest rates & unlimited government borrowing has ended. As Japan has shown, even at ludicrously low rates of 1%, interest payments on skyrocketing government debt eventually consume virtually all tax revenues. Higher rates will accelerate this dynamic, pushing government finances to the wall as interest on sovereign debt crowds out all other spending. As taxes rise, households are left with less disposable income to spend on consumption, leading to stagnation. -At the start of the cycle, global debt levels (government and private-sector) were low. Now they are high. The boost phase of debt expansion & debt-funded spending is over & we’re in the stagnation-decline phase where adding debt generates diminishing returns. -The era of low inflation has also ended for multiple reasons. Exporting nations’ wages have risen sharply, pushing their costs higher & as noted, skilled labor in developed economies can demand higher wages as this labor cannot be automated or offshored. Offshoring is reversing to onshoring, raising production costs & diverting investment from asset bubbles to the real world. Higher costs of resource extraction, transport and refining will push inflation higher. So will rampant money-printing to “boost consumption.” -The tech productivity boom was also a one-off. Economists were puzzled in the early 1990s by the stagnation of productivity despite the tremendous investments made in personal & corporate computers, a boom launched in the mid-1980s with Apple’s Macintosh & desktop publishing & Microsoft’s Mac-clone Windows operating system. By the mid-1990s, productivity was finally rising and the emergence of the Internet as “the vital 4%” triggered the adoption of the 20% which then led to 80% getting online combined with distributed computing to generate a true revolution in sharing, connectivity and economic potential. The buzz around AI holds that an equivalent boom is now starting that will generate a glorious “Roaring 20s” of trillions booked in new profits & skyrocketing productivity as white-collar work & jobs are automated into oblivion. -There are two problems with this story: 1) The projections are based more on wishful thinking than real-world dynamics. 2) If the projections come true and tens of millions of white-collar jobs disappear forever, there is no replacement sector to employ the tens of millions of unemployed workers. In the previous cycles of industrialization and post-industrialization, agricultural workers shifted to factory work & then factory workers shifted to services & office work. There is no equivalent place to shift tens of millions of unemployed office workers, as AI is a dragon that eats its own tail: AI can perform many programming tasks so it won’t need millions of human coders. As for profits, as I explained in There’s Just One Problem: AI Isn’t Intelligent & That’s a Systemic Risk, everyone will have the same AI tools & so whatever those tools generate will be overproduced & therefore of little value: there is no pricing power when the world is awash in AI-generated content, bots, etc., other than the pricing power offered by monopoly, addiction & fraud–all extreme negatives for humanity & the global economy. Either way it goes–AI is a money-pit of grandiose expectations that will generate marginal returns, or it wipes out much of the middle class while generating little profit–AI will not be the miraculous source of millions of new high-paying jobs and astounding profits. -What we now have is a hyper-centralized, hyper-connected (i.e. tightly bound), hyper-globalized and hyper-financialized global economy of extreme fragility, over-indebted and hollowed out by speculation, fraud, corruption, leverage, sclerosis & by an unbreakable addiction to doing more of what’s failed spectacularly. -The downside slide into recession and polycrisis-collapse is not as fun as the boost phase. -Concentrating assets, capital, control, debt& leverage also concentrates risk, which eventually leaks through the illusion of resilience & melts down the entire economy: -In a word, the global economy is toast. All that’s left is the distribution of the burned bits. Those who end up with collapsing currencies experience hyper-inflation, and those who manage to wallow in deflation experience stagnation as the best-case scenario. In all cases, the pool of creaky policies from the 1930s that will actually work has dried up: all the “fixes” that were solutions in the past are now accelerating the slide into a post-bubble recession with no visible exit.
  9. Here's some articles of Dinarian interests... Trump to speak at Bitcoin conference. Gold, silver & UST prices retreats. Trump takes on a special interest in advancing the US towards the GCR, gold standard. Treat as Rumors. Not verified. Your opine. FROM OTHER SOURCES: Ethereum Price Rebounds 6% as Donald Trump to Speak at Bitcoin Conference. ARTICLE: Ethereum price reached $67,432 on July, up 6% for the day as bull traders place bet worth $1.38 billion ahead of Trump’s speech at Bitcoin Conference this weekend. ETH price looks set to record more upside amid the ongoing market shakeup. -Gold price collapses to two-week low amid robust US economic data. —Gold prices fall 5% from July 17 peak of $2,483 to $2,364. —US Q2 GDP beats expectations, strengthening the US Dollar & impacting gold. —Market certainty grows for a Fed rate cut in September as Treasury yields decline. Gold price tumbled to a two-week low on Thursday after the US Bureau of Economic Analysis reported that the economy in the US fared better than expected in the 2nd quarter of 2024. This weighed on the precious metal, which lost over 1.30%, and XAU/USD trades at $2,364 at the time of writing. Bullion prices hit their highest level on July 17, at $2,483; since then, they have fallen about 5% toward the current spot price. XAY/USD’s fall is mostly attributed to profit-taking as UST yields also dropped while the Greenback remained firm. US data revealed that the Gross Domestic Product in Q2 was better than expected, crushing the 1st-quarter numbers. Meanwhile, the number of Americans filing for unemployment benefits dipped compared to the week ending July 30. Durable Goods Orders contracted more than -6%, though excluding aircraft and transport, they recovered from May’s drop. Despite all that, the US 10-year UST note coupon edged lower by more than four basis points (bps) and ended at 4.245% on Thursday. According to the CME FedWatch Tool data, investors seem 100% certain that the Federal Reserve will slash interest rates a quarter of a percentage point at the September meeting. -Daily digest market movers: Gold price on the backfoot as US GDP advances. —US GDP for Q2 2024 jumped from 1.4% to 2.8% QoQ, exceeding forecasts of 2% on its advance reading. —US Initial Jobless Claims for the week ending July 20 rose by 235K, less than the estimated 238K and lower than the previous week’s 245K. —US Durable Goods Orders plummeted by -6.6% MoM in June, significantly below the estimated 0.3%. However, Core Durable Goods, which excludes aircraft, expanded by 0.5% MoM, up from -0.1% and above the consensus projection of 0.2%. —The Fed’s preferred measure of inflation, the Core PCE, is expected to dip from 2.6% to 2.5% year-over-year (YoY). -Silver Price Forecast: XAG/USD retreats from $28 amid uncertainty ahead of US core PCE Inflation. Silver price exhibits weakness with investors focusing on the US core PCE inflation for June. The Fed is expected to start reducing interest rates from the September meeting. China’s dismal economic outlook has dampened Silver’s demand as an industrial metal. Silver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session. The white metal remains in the bearish trajectory amid uncertainty over its demand as an industry metal globally. The lackluster outcome of China’s Third Plenum, its weaker-than-expected Q2 Gross Domestic Product (GDP) growth, and an unexpected rate-cut decision by the People’s Bank of China (PBoC) have pointed to a slowdown in the world’s second-largest nation. This has raised concerns over the scale of business investment and consumer spending. Silver as a metal has applications in various industries such as renewable energy, electric vehicles (EVs), and electrical appliances etc.
  10. Here's some GCR articles of Dinarian interests... “UAE: New guidelines for public-private partnerships, Sandbox Conditions regulation. How Vulnerable Are Our Digital Systems? Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: “UAE: New guidelines for public-private partnerships, Sandbox Conditions regulation. ARTICLE: HSBC said its WorldTrader platform connects to 77 exchanges across 25 markets. HSBC has selected the UAE as the inaugural market for its new digital trading platform, WorldTrader. This platform provides HSBC Wealth & Personal Banking (WPB) customers with access to a vast range of investment options, covering up to 80 per cent of global stock market capitalisation. Through WorldTrader, users can trade equities, exchange-traded funds (ETFs) & bonds, as well as invest in mutual funds & fixed-income products, said the release announcement. HSBC WorldTrader. WorldTrader connects to 77 exchanges across 25 markets, catering to the growing demand for international investments.” “China’s Missing Gold Reserves: Unveiling the Mystery. A recent report from a Singapore-based newspaper stirs fresh speculation regarding China’s gold stockpile, suggesting it may be significantly larger than officially reported. This revelation comes from economist Chen Long, who identified a substantial discrepancy when he compared China’s total gold holdings—encompassing retail buyers, regional banks & the People’s Bank of China—with the country’s gold import & production figures. -The Four-Figure Discrepancy. Chen Long’s analysis uncovered a striking four-figure gap in China’s gold reserves. The reported holdings, when combined from various sources, do not align with the impressive numbers seen in import & production data. This raises an important question: where is the missing gold?” “Money & Payments: The U.S. Dollar in the Age of Digital Transformation. This paper examines the pros & cons of a potential U.S. central bank digital currency, or CBDC, and is the 1st step in a discussion of whether & how a CBDC could improve the safe & efficient domestic payments system. Money and Payments: The U.S. Dollar in the Age of Digital Transformation (PDF) invites comment from the public. Importantly, the paper does not favor any policy outcome. The paper summarizes the current state of the domestic payments system and discusses the different types of digital payment methods & assets that have emerged in recent years, including stablecoins & other cryptocurrencies. It concludes by examining the potential benefits & risks of a CBDC & identifies specific policy considerations.” “Bitwise CIO Says Spot Ethereum ETFs To Attract $15,000,000,000 in First 18 Months – Here’s Why. “Everyone wants to know how much spot ether exchange-traded products (ETPs) will attract in net flows. My answer: $15 billion in their first 18 months.” Hougan says his estimate is based on ETH’s market capitalization relative to Bitcoin’s, how similar products have performed in other markets such as the UK & Canada & the impact of the carry trade strategy.” “Gary Gensler Provides Ethereum ETF Update While Slamming ‘Highly Centralized’ Crypto Industry. U.S. Securities & Exchange Commission (SEC) Chair Gary Gensler says that the approval process for spot market Ethereum (ETH) exchange-traded funds (ETFs) is “going smoothly.” In a new interview at the Bloomberg Invest Summit in New York, Gensler indicates that the SEC will give final approval to the ETH ETF applications, but stops short of giving a timeline. He says that the agency’s staff is working through the particulars of required registration & disclosure statements for the ETH ETFs. “I don’t know the timing, but it’s going smoothly. You can almost follow it publicly. You see these filings…”” “How Vulnerable Are Our Digital Systems? The problem is that the technological revolution as we fashioned it 30 years ago gradually evolved in an ever more centralized way, wholly dependent on a weak & old-fashioned electrical grid of networks without much duplication or backstopping. The software too has become centralized for each industrial purpose. If one thing goes wrong in any system with a single point of failure, the whole comes to a grinding halt. It’s amazing to consider that the old analogue world that lasted from the ancient world until the 21st century did not have this problem. It was more durable, physically anchored, fixable by human hands, comprehensible & manageable. The move to digital everything introduced a fragility to the whole that we are only now discovering. This is not only a problem for whole industries. It affects individuals too. ”
  11. Goldilocks: China has been selling their US Treasury Bonds & buying gold to create a diverse net worth of their holdings in gold. It has allowed them to decouple their economy from the Dollar & begins a Treasury Bond Market of their own. ARTICLE: As of May 2024, gold makes up 4.9% of China’s foreign exchange reserves. Central Banks have been buying gold at record rates around the world to achieve their Independence & Sovereignty. The bond market plays an important role in the valuation of financial assets. The utilization of this financial tool will aid the countries who have moved through their Article 4 consultations with the IMF to achieve financial clarity & direction. China intends to move into their Treasury Bond Market gradually. They intend to use this as a liquidity tool to help manage interest rates & move their monetary system forward through the support of gold as collateral instead of the Dollar. Other countries around the world are in process of doing the same. Over time, we will be witnessing an increase of ER determined by each country’s ability to collateralize their newfound level of Independence through gold as it deflates their inflating economies. It is important for us to watch these new trends as they will create new valuations upon currencies that have been lying dormant for many years. These new local currencies being traded between nations going forward will soon be operating from their own strength & support through gold. Gold will set us free. © Goldilocks -The tokenized US Treasuries market reached an all-time high of 2,143 holders on June 18th, with a 250% year-to-date growth, according to data aggreg-ator RWA.xyz. The Ondo Short-Term US Government Bond Fund (USDY) leads with 1,054 holders and over $218 million in tokenized bonds. Tokenized US Treasury Market! Do you see it’s importance now? And why, Central Banks have been buying so much gold? The Central Banks have been the banks for our banks for a long time & now, they are about to become our banks through a Digital Network System. As our bond markets are tokenized, they will be the underlying assets that support the rest of our country’s currencies. Because these tokens have gold within there net worth, it will turn our fiat system into a Real World Asset backed by gold utilizing a digital protocol that standardizes each transaction made around the world. This is the new Gold Standard, of which, we are in process of achieving. It will guide us forward into more & more creative possibilities that are endless in their capacity to achieve abundance we have not seen before. We are certainly not there yet, and transitions can be hard. But, we are standing at the edge of an opportunity that requires faith, hope & love for those around us as we journey through this time together. CryptoBriefing. RWA. -The world we have been seeking for so long has just found us, and we are about to step into it. © Goldilocks -Demand for Tokenized Treasury Bonds Soars as Crypto Investors Chase TradFi Yield | Youtube. © Goldilocks -Tokenized Municipal Bonds | Andrew Samu | Youtube. © Goldilocks -The Swiss National Bank (SNB) has announced that it has become the world’s first central bank to ‘carry out a monetary policy operation in a live production environment’ using distributed-ledger technology’ (DLT). It made the announcement during a press conference in Zurich (20 June) that led with updates on topics such as inflation & the Swiss economic outlook before focusing on fintech-related innovation – chiefly new ambitions for its wholesale central bank digital currency (CBDC) pilot initiative ‘Project Helvetia’. The SNB stated that it had successfully issued digital SNB bills on the SIX Digital Exchange (SDX) – the ‘tokenised assets’ platform sibling of the SIX Swiss Exchange, Switzerland’s principal stock exchange – ‘at the beginning of June’. The token-based bills, which had an issuance volume of CHF 64 million (about £56.6m/$71.6m), had a one-week term. Currency Insider SNB © Goldilocks -The Swiss National Bank (SNB) has announced that it has become the world’s first central bank to ‘carry out a monetary policy operation in a live production environment’ using distributed-ledger technology’ (DLT). It made the announcement during a press conference in Zurich (20 June) that led with updates on topics such as inflation & the Swiss economic outlook before focusing on fintech-related innovation – chiefly new ambitions for its wholesale central bank digital currency (CBDC) pilot initiative ‘Project Helvetia’. The SNB stated that it had successfully issued digital SNB bills on the SIX Digital Exchange (SDX) – the ‘tokenised assets’ platform sibling of the SIX Swiss Exchange, Switzerland’s principal stock exchange – ‘at the beginning of June’. The token-based bills, which had an issuance volume of CHF 64 million (about £56.6m/$71.6m), had a one-week term. Currency Insider. SNB. © Goldilocks -China Securities Regulatory Commission The CSRC will explore the introduction of STAR 50 index futures and options, establish “green channels” for M&A, and optimise market-maker and trading mechanisms, among other measures. | Global Times. © Goldilocks
  12. Here's some GCR updates of Dinarian interests... Treat as rumors. Not verified. Your opine. -TEHRAN, Jun. 21 (MNA) – Venezuela is at the doorstep of joining the BRICS group of nations and ready to offer its fuel & mineral resources to future partners, the country’s Executive Vice President Delcy Rodriguez said. | MNHR News. © Goldilocks -Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger, technology. That’s because proponents of blockchain & on-chain solutions believe the tokenization of financial assets could one day reshape the operating models & transform the business functions around areas like wealth management. | Pymnts. © Goldilocks -Bloomberg reported today that Standard Chartered Plc is launching a spot crypto trading desk for Bitcoin & Ether in London, citing sources. The unit will be part of the FX trading desk. © Goldilocks An emailed statement from the bank said it had been working with regulators to support institutional demand to trade Bitcoin and Ethereum. Banks such as Goldman Sachs run derivatives trading desks, but spot desks are relatively rare in banks. Ledger Insights Bloomberg. © Goldilocks -During today’s Citi Digital Money Symposium, the bank unveiled its new Citi Integrated Digital Assets Platform (CIDAP) to serve the entire group. Citi (https://www.citigroup.com/) is involved in various digital money & tokenization projects. Altin Hoxha, the lead for the platform, said it aims to “enable fast adoption of innovation & innovation which is in compliance with all these regulatory regimes around the world.” Last year Citi launched its tokenized deposit solution, Citi Token Services (https://www.ledgerinsights.com/citi-tokenized-deposits-institutional-digital-assets/), with a cash solution for corporate treasury management and a trade solution. The cash side is live in the US & Singapore, enabling corporates to move money 24/7. Ledger Insights. © Goldilocks -Banks are in the process of interfacing cryptocurrency platforms as portfolio options going forward. © Goldilocks -10 Best Crypto Friendly Banks in 2024 | Koinly. © Goldilocks -Digital futures launches to Advance the Digital Economy | -Digital Future LauPR Newswire. © Goldilocks -Digital asset platforms have become much more efficient, Goldman Sachs CIO says | Youtube. © Goldilocks -Do you see how Leveling the Playing Field works? China sanctions Lockheed Martin over Taiwan arms sales | TBS News. © Goldilocks -Tweaks to the Old Traditional trading platforms are currently being installed to accommodate the new digital asset-based trading system. More on this tomorrow. © Goldilocks -Vietnam PM to attend WEF meeting. “Chinh will attend the meeting in Dalian city, Liaoning province of China & have working sessions from June 24-27. The trip will be made at the invitation of Chinese Premier Li Qiang and WEF Founder & Executive Chairman Klaus Schwab.” The World Economic Forum normally meets in January at Davos, Switzerland. Invitation only meetings are called on for special purposes with recognized countries able to influence the Global Economy are invited. The economy of Vietnam is showing a reclassification of their Global Economy & now, have the ability to participate in the new Global shifts coming our way. Interestingly, Vietnam has been invited to the table as they approach their new identity as a Market Economy. VN Express. WEF. © Goldilocks
  13. Here's some GCR updates of Dinarian interests... Treat as rumors. Not verified. Your opine. Goldilocks: "Almost 2/3 Of Countries In The Middle East & Central Asia Are Exploring Adopting A Central Bank Digital Currency As A Way To Promote Financial Inclusion & Improve The Efficiency Of Cross-Border Payments. ARTICLE: Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances. Many of the 19 countries currently exploring a CBDC are at the research stage. Bahrain, Georgia, Saudi Arabia & the UAE have moved to the more advanced “proof-of-concept” stage. Kazakhstan is the most advanced after two pilot programs for the digital tenge." IMF Per conversations Dee, Sam & I have had with our CBI contact, Iraq will be using CBDC for Cross-Border Trading. 👆 Iraq is not ready yet. © Goldilocks -Iraq To Repatriate All Its Citizens From al-Hol Refugee Camp In Syria. The Iraqi government on Tuesday has decided to return all Iraqis from the al-Hol refugee camp in Syria, the official Iraqi News Agency (INA) reported. Karim al-Nouri, deputy minister of the Ministry of Migration & Displaced, told the INA that the "total number of refugees in the al-Hol camp is more than 50,000 people from different countries, including 20,000 people from Iraq." He said that the Iraqi government had established a high-level committee to scrutinize the security situation of the refugees. Al-Nuri also said that those returning from the al-Hol camp would go through community rehabilitation programs at the al-Jada'a camp in Iraq's northern province of Nineveh, stressing that about 3,000 people so far have returned to their homes in Iraq, according to INA. The al-Hol camp is known to be housing refugees, with a significant number of them being family members of IS militants. ■ English News. © Goldilocks -READ PDF HERE: ESMA75-453128700-949_Final_Report_MiCA_cooperation_technical_standards.pdf. Final MICA Standards Announcement: The European Banking Authority (EBA) delivers their final group of MiCA Technical Standards just before the June 30th, 2024 deadline for their digital regulations to become law. Reference ESMA75-453128700-949 Section Digital Finance and Innovation Guidelines and Technical standards Type Final Report Main Document ESMA75-453128700-949 Final Report on MiCA cooperation technical standards (EN) Style ESMA document There were 14 technical standards and 3 guidelines finalized and published. This completes EBA's delivery of their technical standards under MiCA. Esma Europa © Goldilocks -"As China Dumps Treasury Securities, The Euro Area, Canada & Financial Centers Load Up With Immense Appetite." The division of money flows has been taking place for some time, but we are beginning to clearly notice a new Economic Continental Divide. Trading routes have been rerouted these last few years & bilateral free trade agreements have been signed. The emergence of a multi-polar Global Economy is beginning to be realized through countries supporting their own payment systems with the use of their own local currencies over the World Reserve Dollar. With a new Digital Monetary System coming into play with Real World Assets backed by commodities and easy access to a fractionalized monetary trading policy, the expectation of a world with solid currency (Gold) through tokenized asset values is becoming a reality. WolfStreet Investopedia. © Goldilocks -ISSA survey shows rising strategic importance of DLT adoption - Ledger Insights - blockchain for enterprise. © Goldilocks -Bank of America finds younger investors prefer crypto, alternatives to stocks - Ledger Insights - blockchain for enterprise. © Goldilocks -Ripple CEO Predicts End of XRP Lawsuit This Summer | Crypto News Flash. © Goldilocks -Investors around the world are dealing with new trading mechanisms that are beginning to reroute money flows through a new digital asset-based trading system. © Goldilocks The movement of money is not the same. New digital accounting regiments are changing the direction of money based upon new re-entrances of local currencies being traded abroad. © Goldilocks At the end of this month, we're going to have guidelines, regulations, and new laws to change the way we do business. © Goldilocks -Don't blink, it is happening right before your eyes. © Goldilocks
  14. Goldilocks: Putin Visits Vietnam. Why? “The Main Issues Relate To Shoring Up Economic & Commercial Ties, Including Arms Sales.” ARTICLE: Putin & Vietnam’s leaders were said to have been working on an agreement regarding Ruble-Dong currency transactions through the banking system. This meeting is expected to enable payment for goods & services. Currently, Vietnam is expanding the value of its currency through the expansion of its elderly population through healthcare, commercial trade & military arms expansion. Proper military spending over GDP stabilizes & promotes currency values of a country. Why? Money spent on the military ends up in the private sector as payment for goods & services the military requires. Each of these are indicators of a growing economy that justifies a higher value through demand on their currency inside a Market Driven Economy. © Goldilocks -Nervous about the market? Here’s one thing you could do if shares start sinking fast. Jack Janasiewicz: The bottom line … is that there’s a disinflationary impulse coming. I think [Fed Chair Jerome] Powell was right to sort of look at [hotter-than-expected] January, February, March inflation data as maybe a little bit of an anomaly or a pause but not a reversal of that trend that’s going to continue to head to that 2% target. So, again, heading in the right direction, it may be slower than people would like. But we’re going to 2%. Then the other thing I would point to as well — the labor side of their mandate is becoming a little more focused. [The Fed] is one of the only central banks that has the dual mandate with price stability & full employment. It feels like the price stability side is coming into better focus. As the economy slows a little bit here & you start to see the unemployment rate tick a little bit higher … the Fed [could start] to focus on making sure that the unemployment rate doesn’t start to rise. That could be the trigger for rate cuts. So we’re not ruling out rate cuts by September. We could easily have a cut. The data will tell us that, but I think the big takeaway for us is [inflation] going in the right direction. -Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy & Spain rank upfront beneficiary checks as important to them in trading across borders. © Goldilocks -Swift bids to connect VoP schemes across Europe FinExtra. © Goldilocks -The 2024 U.S. Presidential race sees cryptocurrency policy as a key issue, with both parties engaging in debates. Paul Ryan urges lawmakers to create a regulatory framework for stablecoins to boost U.S. debt attractiveness. Ryan highlights China’s digital currency advances, stressing the need for U.S. adoption of dollar-backed stablecoins. © Goldilocks -Liquidity risk surged 41.4% at LCH’s Paris-based clearing house in the first quarter, reaching a level not seen in almost five years. | Risk Net. © Goldilocks -Guaranteed basic income programs spread across the country: Is it coming to your city? | Fox News. © Goldilocks -OPEC sees no peak oil demand long term, secretary general says | Gulf Business. © Goldilocks
  15. Here's some articles of GCR importance. Treat as rumors. Not verified. Your opine. Goldilocks: Qatar Central Bank Announcement. | QNA. ARTICLE: “Qatar Central Bank (QCB) announced on Sunday the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC).” Now, they are able to settle their digital payments in local and International Banks. They will be testing more applications going forward & they will be able to settle in large quantities as well. Currently, they are in their experimental phase that is expected to last until October this year. It will encompass various tokenized assets in the market and portfolios inside the banking system. QNA © Goldilocks. Goldilocks: “Louisiana Reaffirms Gold & Silver As Legal Tender” Louisiana is the latest of many states that have gone through the legislative process to confirm that gold & silver are now considered legal tender & cannot be taxed. This allows new monetary policies to form an expansive view of precious metals now being incorporated into the payment system as a form of legal tender. On May 8th, 2024, “U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold & silver coins & bullion.” The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League is currently on the table to consider precious metals on par with the US Dollar. This will keep money in the hands of the people instead of the federal government who want to grab capital gains tax on the use of what was formerly known as a solid payment system. At the present time, 40 States have passed some form of Sound Money legislation. The next step is to take these new measures to the Federal Government. Gold will set us free! Goldilocks. The following is a list of recent bank mergers & acquisitions that are currently taking place. This list grows daily & you can refer to it anytime you like through the link below. We have talked about this as being part of the end game when we move from Fiat to Gold for the last 3 years. The banking system is currently in a liquidity crisis that is not being talked about & many changes are taking place behind the scenes. I see these bank mergers as part of the process that will move our money into a safer Financial System than before & one that will meet the needs of the next stage of our evolution financially & spiritually. iBanknet We are truly witnessing the rebirth of a Global Nation. © Goldilocks “It was decided to stop the companies whose details are listed in the table below from entering the foreign currency buying & selling window” Iraq is narrowing down the list of companies they will be working with going forward in the buying & selling of their foreign currency. Many companies buy & sell foreign currencies from around the world. Some companies even go so far as to have some of their people travel to buy currencies from around the world such as Banknote World. The need for these entities is going away with the new digital banking system. The move to an electronic banking system will soon make these services obsolete after our exchange. CBI Information Office. © Goldilocks
  16. Here's an article of Dinarian interests... Massive Financial strain on Americans. GCR News...more bank failures & closures. Treat as a rumor. Not verified. Your opine. From Other Sources: New Report Exposes the Massive Financial Strain on Americans. ARTICLE: The result has come to be known in the online media as “Bidenomics,” & it hasn’t worked out very well for most Americans. In fact, according to a Redfin survey, people are making major financial sacrifices just to live at a basic level. Economics Research Lead Chen Zhao said: Housing has become so financially burdensome in America that some families can no longer afford other essentials, including food & medical care & have been forced to make major sacrifices, work overtime & ask others for money so they can cover their monthly costs. Even worse, some Americans have resorted to skipping meals just to afford their overly-inflated mortgage payments: Nearly one in five homeowners & renters reported skipping meals to afford housing in Biden’s economy, according to a new survey conducted by Redfin. The median asking rental price increased from less than $1,700 when Biden took office in January 2021 to nearly $2,000 as of February, according to Redfin’s data. But it’s not just housing prices & mortgage payments that have apparently inflated out of control under the Biden administration. Food prices Auto insurance & running a household are out of control. From Other Sources: Unexpected Bank of America branch closures: goodbye forever. ARTICLE: Not even the banks are safe from the shutdowns we have seen happening all over the country with various retailers. Bank of America joins the horde of companies closing down their physical locations & their in person access to the public. With the rise of online banking & the decline of people who cannot or do not use the internet to solve the majority of their banking problems, physical locations begin to feel outdated to most banks. Bank of America began its trend to consolidate locations in 2010, but the process was largely aided and sped up by the COVID pandemic. The loss of personnel & clients, the remote work implementation costs & the improvement of the electronic financial services all worked in favor of continuing with the shrinkage of physical locations. While in person help has been severely restricted now for several years, the bank still keeps a healthy phone help line & for now, a few physical locations you can just pop into or schedule an appointment at. Although that may change soon. The year that saw, if not the most closings, the most impact from them was 2023, when 95 branches were closed during the year & 15 more were closed just during the month of December. But the restructuring plans don’t stop there, BoA plans to continue the trend throughout 2024. Reports claim that the bank intends to up that number to at least 138 branch closures in 2024. As of right now, there are concrete plans for the shut down of 7 Bank of America locations just during the month of April, spread over 6 different states. After this even more closures will come over the following three months with two more states in the mix, although that list is not exhaustive.
  17. Here are some articles of GCR Importance... These events could advance the currency resets. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Finance Announces The Offering Of A New Issue Of Government Bonds For Public Subscription. ARTICLE: The Ministry of Finance announced, today, Thursday, the offering of a new issue of government bonds for public subscription. A statement from the ministry stated, “The Public Debt Department in the Ministry of Finance, in cooperation with the CBI, announced the offering of a new issue of government bonds for public subscription under the name Enjaz Bonds,” indicating that “Type of bonds: government bonds denominated in the Iraqi Dinar.” FROM OTHER SOURCES: The Securities Commission Calls On The Central Bank To Launch Lending Initiatives. ARTICLE: Chairman of the Securities Commission, Faisal Al-Haims, called on the CBI to launch development initiatives to support the real estate, industry & agricultural sectors. Al-Haims said in a television interview followed by “Al-Iqtisad News” that he “chaired a committee formed by the PM, to provide solutions to banks that are prohibited from using the Dollar in their daily transactions,” noting that the committee had submitted recommendations to the Ministerial Economic Council that included launching development lending initiatives by The CBI & activating the national exchange for banks that are prohibited from using the Dollar.” He added, “The recommendations also included the use of gold & other commodities in settling financial transactions between banks prohibited from using the Dollar and foreign banks.” Goldilocks: CFTC Rulings. ARTICLE: “On April 1, ISDA submitted comments on the Commodity Futures Trading Commission’s (CFTC) notice of proposed rulemaking on requirements to establish an Operational Resilience Framework for Futures Commission Merchants, Swap Dealers & Major Swap Participants, which was published in the Federal Register on January 24, 2024.” The International Swaps and Derivatives Association examines risks & resilience inside the derivatives Market. There were three stages to go through when being considered for implementation in government protocols. The ISDA is now on their final stage/phase. All comments and questions have been turned into the CFTC who will govern and process swap dealers going forward. At this time, all of the information gathered in research & comment phases are now going to be put before the Operational Resilience Framework. The ORF will take their collected data, organize it, and bring it before the Market Risk Advisory Committee Meeting on April 9, 2024. If passed by the CFTC, they will be able to move forward with new guidelines governing & directing our new digital economy inside the digital derivative markets that includes foreign currency exchanges. ISDA. CFTC. “Project Agorá (Greek for “marketplace”) brings together seven central banks: Bank of France (representing the Eurosystem), Bank of Japan, Bank of Korea, Bank of Mexico, Swiss National Bank, Bank of England & the Federal Reserve Bank of New York.” Project Agorá is currently working with Central Banks & Banking sectors to test and explore the use of tokenization in cross-border payments. This will be done in partnership with a large group of private investors inside The Institute of International Finance. The IIF is comprised of commercial & investment Banks, asset managers, insurance companies, professional services firms, EXCHANGES, sovereign wealth funds, hedge funds, Central Banks, and Development Banks. This pretty much covers most of the international payment sources from around the world. There are three major requirements that will be explored in cross-border payments: “Project Agorá will explore how tokenisation of wholesale central bank money & commercial bank deposits on programmable platforms can improve the monetary system. The project will explore how tokenisation & smart contracts could enable functionalities & transactions that are not viable today. The primary area of exploration will be to increase the speed & integrity of international payments while lowering costs.” As you can see, we have a lot of conversations taking place around cross-border payments which include foreign currency exchanges that are still in development. As we proceed further into the global regulation of crypto assets and markets, these major Financial Institutions from around the world will be exploring and placing their input into the final regulations taking place at the end of May in Europe. If this date is not moved back, we will be looking at moving forward on an International level with our new digital economy. FROM OTHER SOURCES: China To Start Trading In Government Bonds. ARTICLE: A RESURFACED speech from Chinese President Xi Jinping suggests policymakers may start trading government bonds to regulate liquidity in the market, pushing the nation towards strategies used by the US Federal Reserve and other major central banks around the world. Xi’s call for the People’s Bank of China (PBOC) to “gradually increase the buying & selling of government bonds” in its open market operations sparked a frenzy of speculation among traders last week. The remarks – made in October but published recently in a new book and newspaper article – may hint at a policy pivot for a central bank that has not made a significant bond purchase since 2007. “Central banks in other countries generally use government bonds, or sovereign credit, as a basis to issue money,” said Liu Lei, a researcher at the National Institution for Finance and Development, a state think tank advising government agencies in China. “This is a necessary path for China’s central bank & monetary system to move into modern times.” FROM OTHER SOURCES: China To Sell Government Bonds To Prop Up It's Currency. ARTICLE: China is beginning to signal a policy change in the buying and selling of government bonds. They are beginning to indicate the desire to sell their bonds to prop up their currency which is a tactic the US currently utilizes. Japan is also considering this tactic, and other countries will witness the benefits of these changes. One thing is for certain, it will change the dynamics of trade between countries going forward. This move will indicate a global shift in the way many countries will begin utilizing the same measures that the US does in trade & banking within their own countries. When we see this trend begin to take place, it will begin putting price pressures on exchange rates going forward & many will begin to move into real values.
  18. Here's two articles of Dinarian interests... It appears China will jump start the GCR. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: China’s Economic RESET Begins, Argentina Faces Bond Collapse, BRICS Challenges The USD. ARTICLE: China just declared their GDP target for 2024 & the West is losing their minds. Here's why China's plan for economic growth is all about building their industrial base & why many investors are still upset. Argentina on the other hand is facing the risk of a bond collapse, their plan to sell more debt is starting to backfire. BRICS just came out with a new challenge to the USD & it's tied to the blockchain. Timestamps & Chapters: FROM OTHER SOURCES: In 4 Days EVERYTHING Changes For The USD, Putin & China Are Ready. ARTICLE: The USD is facing a major challenge that could undermine its status as the world's reserve currency & the dominant medium of exchange in the global economy. The next 15 days hold profound implications for the future of the USD & the broader landscape of global finance. It also coincides with the end of the Bank Term Funding Program, which could lead to additional financial instability & Russia & China are making moves that could worsen things.
  19. Here's some articles of Dinarian interests... US plays party spoiler...rains on GCR parade. US holds up global digital revolution by refusing to go digital. The 'Powers That Be' are doing everything in their power to stop this blessing. Can't blame Iraq...The US is the problem, not Iraq. We want our GCR...We want our RV-RI & we want it now. OBiden must go at all costs...He's mucking up the entire world. Treat as rumors. Not verified. Your opine. Goldilocks: SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES. ARTICLE: Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 & 2023. Cruz Senate. From Other Sources: "Let’s Show WTO Is Alive': UAE foreign trade minister says conference can be 'launch pad' for global trade." ARTICLE: The World Trade Organization is discussing with several countries how they are reforming the standards & percentages of trade opportunities among countries from around the Globe. Focus is on leveling the playing field among some of the smaller countries giving them equal foothold & standing on the world stage. Offering more Trade Networks for countries will give each country the ability to grow in bilateral trade relationships that will increase the need for their goods & services not seen before. New demands on local currencies instead of the use of the Dollar will provide greater purchasing power for these countries in process of Ascension into the WTO this week, of which, Iraq is one of them. Goldilocks: We Are Clearly Witnessing A Shift In Money Flows Regarding Treasury Bonds. The Global Economy Is Already Changing The Way We Live & How We Invest In The Future. Investor sentiment is changing. The move from intermediate-term Treasury Bonds to bonds with maturity dates of two, three, five & even 10 years out is getting a 2nd look. Society is realizing that our economy is in transition & many investors are beginning to pour their money into longer-term opportunities to grow their money. It looks like people are beginning to bank on a brighter future. As our tokenized assets settle into new price patterns, the new digital gold economy will bring in new life inside a QFS. Goldilocks: We Are Living In A Time Whereby Every Asset On The Market Is Connected. Instead Of Assets Competing With Each Other, The Future Of Our Global Markets Are Designed To Enhance One Another's Growth. ARTICLE: Gold is the bridge into this new economy through tokenized assets. And, the collaboration between networks and assets governed by standardized protocols will support each other's growth in a way not seen before in history. "Where we go one, we go all." © Goldilocks
  20. Here's an article of Dinarian interests... Article says church groups are being paid out. Admiral Groups should be next...everything is going. Source unreliable... Treat as a rumor. Not verified. Your opine. Wolverine: Global Currency Reset. ARTICLE: “Spoke to Charlie today & he is very, very & very happy. I can’t say anything, but I wanted you to know that God has heard our prayers & God is working. We will be celebrating soon. On Sun. 28 Jan. on a radio broadcast in Colombia a Pentecostal Group Leader said he was distributing funds to members. This group was the lynchpin to start the bond payments. It has more than 3 million members. It has happened. That leader has about 80 thousand members & it has started guys.” High Up Source: “The RV started today Mon. 29 Jan. at 4 pm. Everything is going.”
  21. Here's two articles of Dinarian interests... We are headed to a Decline of the USD. A run on the banks has started. Out with the old & in with the new. The collapse of the old financial system is underway. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: The USD Is Headed To Decline. ARTICLE: Parliamentary Finance: We Are Close To Ending The Phenomenon Of “Parallel Markets” & Prices Are Heading To Decline. The Parliamentary Finance Committee confirmed today, Wednesday (January 24, 2024), that Iraq is close to resolving the crisis of the high Dollar exchange rate & ending the phenomenon of “parallel markets.” Committee member Moeen Al-Kazemi said, in an interview with “Baghdad Today,” that “the Iraqi government & the CBI were able to truly control the ER of the Dollar & prevent its rise, after taking various steps & decisions over the past months that led to the gradual decline of the Dollar in the parallel markets.” He added, "Work is currently underway to end the so-called (parallel markets) & we are approaching that. The Dollar will not be exchanged except at the rate approved by the Central Bank of Iraq & this matter requires a short time," pointing out that "the decline in the parallel markets "It will continue gradually over the coming days." Goldilocks: WTO New Reforms. ARTICLE: The World Trade Organization has been working on reforms for some time. In the past, it has been believed that this organization has favored the larger countries. Attempts have been made to reconcile some of the mechanisms to create a "More Level Playing Field" among the smaller countries. In 2024, a renewed mechanism is at play to settle some disputes among countries feeling the need to call into question certain trades that have been favored towards larger countries over their own. With the upcoming 13th Ministerial Conference (MC13) in February, a meeting with several representatives from around the world to talk & implement a new mechanism put into place called the "appellate mechanism." The appellate mechanism is governed by seven people who will make decisions on disputes that are called into question. Last year, I shared with you how foreign ER were being reformed within the WTO. Now, we are witnessing many trade products being brought to the table for adjustments throughout this year. From Other Sources: LIVE! ALERT... ALERT... ALERT... VIDEO: Banks Are Running Out Of CASH. Get UN-BANKED NOW! Greg Mannarino: 1-26-2024. Google key words in title to take you to source & see video.
  22. Here's some articles of Dinarian interests... QFS & GCR news updates. It appears the final countdown has begun. Treat as a rumors. Not verified. Your opine. From Other Sources: A Black Swan Stock Market crash was on the horizon that would cause huge ramifications around the World & bring in a Global Currency Reset to 209 nations. ARTICLE: The New Financial System Components: RUMORS. GESARA (Global Economic Security and Reformation Act): GESARA is a global initiative aimed at restructuring the world’s financial systems & establishing a new era of prosperity & abundance. It seeks to eliminate debt-based currencies & usher in asset-backed financial systems. QFS (Quantum Financial System): The QFS is a digital financial platform that operates on the principles of blockchain technology & quantum computing. It promises transparency, security & efficiency in financial transactions, making traditional banking systems obsolete. GCR/RV (Global Currency Reset/Revaluation): This is a process through which the value of global currencies is recalibrated, often to realign with tangible assets like gold & silver. The goal is to level the playing field & eliminate the dominance of a few reserve currencies. ISO 20022: ISO 20022 is a global standard for financial messaging that enables seamless & standardized communication between financial institutions. It facilitates faster & more accurate cross-border transactions. BASEL III: BASEL III is a set of international banking regulations that require financial institutions to maintain higher capital reserves. This ensures greater stability within the global banking system & reduces the risk of financial crises. Global Currency Reset: (RUMORS) On Mon. 8 Jan. Redemption Center leaders & bank managers (allegedly) gave their individual access codes to the US Treasury, where they were locked into the new Quantum Financial System (QFS). On Wed. 10 Jan. 2024 all qualified banks around the World (allegedly) connected to the new gold/ asset-backed QFS on the new Star Link Satellite System. On Sat. 13 Jan. the SWIFT Home Page (Society for Worldwide Interbank Financial Telecommunications (SWIFT)) said that the new ISO 2022 System (Digital Data Interchange between financial institutions) for payments was now live. Mon. 15 Jan. MarkZ: There were rumors that bond folks were expecting liquidity overnight tonight. On Tues. 16 Jan. we (allegedly) move to the final rule stage of Basel 3 compliance in our banking system. Banker: Tier4b will receive notification around the first of next week & be able to set appointments starting Thurs. 18 Jan. On Tues. 23 Jan. all banks across the Globe not Basel 3 Compliant (have gold asset-backed monies) will (allegedly) automatically collapse. The Cabal owned JP Morgan, which is a shareholder in the Bank of International Settlements, was scheduled to file for bankruptcy. Protocol QFS 20: This protocol is an integral part of the QFS, designed to (allegedly) streamline & secure financial operations further. It ensures that transactions are conducted with the utmost integrity & efficiency. Mon. 15 Jan. Basel III: The Banking Game-Changer You Haven’t Heard About, Gold as a Tier 1 Asset, US Treasuries vs. Gold as a Financial Asset & Banks that Fail Basel III – American Media Group (amg-news.com) Quantum Financial System, David Wilcock: The QFS operates completely independently from the existing “centralized” banking & ends the “Central Banking System” that perpetuates “Debt Slavery” around the world. Even though it is the ultimate in design, reliability, security &d safety, the roll-out process will occur over time. The QFS operates on a Distributed Ledger Technology. It is NOT crypto currency or Blockchain technology. Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended & transparent. Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking & central banking activities will cease. Every sovereign currency & every bank represents a separate Ledger in QFS. Data on all account holders at all banks in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger.” The QFS is designed for & ready to convert ALL bank accounts denominated in any fiat currency anywhere in the world into a local asset-backed currency. The QFS pings the originating Fiat currency bank account to ensure it is still valid, active & operational at the time the exchange of fiat currency for asset-backed currency takes effect. After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis. Mnt Goat: My CBI Contacts. ARTICLE: NO, the RV did not yet happen! But we all should know the process is in motion. How can anyone deny it when we look at all the progress made in 2023 on currency reform. The Dinar & Dollar crisis filled the headlines every day.
  23. Here's an article of Dinarian interests... All eyes are on Jan 2024. We are ready to go Basel III. We are one step closer to the GCR. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Morgan Stanley CEO Says His Firm Ready For 'Basel III Endgame' The Sweeping New Global Rules On Banking. ARTICLE: Basel III Compliance Is Ready To Be Implemented. U.S. regulators on Tuesday defended their plans for a sweeping set of proposed changes to banks' capital requirements, speaking in front of the U.S. Senate Banking Committee. These proposed changes in the U.S. seek to incorporate parts of international banking regulations known as Basel III, which was agreed to after the 2008 crisis & has taken years to roll out. Regulators say the changes in the proposals are estimated to result in an aggregate 16% increase in common equity tier 1 capital requirements. Morgan Stanley Chairman and CEO James Gorman said his firm will be able to cope with "any form" that new banking regulations end up taking, but added he expects some watering down before the final rules are confirmed. U.S. regulators on Tuesday defended their plans for a sweeping set of proposed changes to banks' capital requirements, speaking in front of the U.S. Senate Banking Committee. They are aimed at tightening regulation of the industry after two of its biggest crises in recent memory — the 2008 financial crisis & the March upheaval in regional lenders.
  24. Here's an article od Dinarian interests... Why we need this RV-RI, GCR. Treat as a rumor. Not verified. Your opine. Awake-In-3D: A Fiat Ponzi Scheme Collapse – Time for “System D” ARTICLE: In Fiat Debt System Collapse Articles. Governments, Debt & the Looming Collapse. In the shadows of global economies, a perilous game is being played—one fueled by unsustainable debt, interventionist policies & a financial system built on deceit. This is our current world of the Fiat Ponzi Scheme, where governments worldwide are teetering on the edge of self-destruction. We should all be consciously aware of the key points that expose the fragility of our economic foundations & prepare for the looming collapse that will give birth to Our GCR & historic prosperity.
  25. Here's another article of Dinarian interests... Article suggesting the GCR is well under way. -BRICS Summit is going on. -WB-IMF Summit going on. -Jackson Hole Summit going on. -G7 Summit gears up. Pay very close attention what the Summit says about global Exchange Rates. These are a few of the global economic events going on. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Globalization Is Ending. Jackson Hole Reinforces That. ARTICLE: The Jackson Hole Economic Symposium & Federal Reserve’s 2023 symposium this weekend marks the end of that era of globalization. With the theme, “Structural Shifts in the Global Economy,” the 46th annual symposium in Jackson, Wyo., Aug. 24-26, will focus on how these changes will impact central-bank policy. Investors wonder what it means for them, with the Federal Reserve at a potential turning point in its war on inflation. Welcome To The Brave New World. Back in the halcyon days of the 1990 conference, one of the key speeches was given by Vaclav Klaus, the Czechoslovakian finance minister. Eastern Europe’s leading free-marketeer, Klaus said everything the Western bankers wanted to hear. “It is becoming more & more clear to all East Europeans,” Klaus told the assembly, “that the only practical & realistic way to improve their living standards is the total abolition of institutions of central planning; the dismantling of price & wage, EXCHANGE-RATE & foreign-trade controls & the radical transformation of existing property rights.” While Klaus was ready to sweep away the communist past in a single stroke, The WSJ was more circumspect. “The reformers will have to find a way to keep public support on their side if their bold economic experiments are to succeed,” the Journal’s Alan Murray wrote. “No amount of technical expertise or institutional refinement from the West can replace that.” Events moved quickly. Klaus’ country would soon be erased from the map, along with the Soviet Union & Yugoslavia, which were also represented at Jackson Hole. Former Warsaw Pact nations flocked to the EU and NATO.
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