“The reserves of the Central Bank amounted to 96 billion US dollars, an annual increase of 46%, and the value of the issued monetary currency rose to more than 84 trillion Iraqi dinars, with an annual increase of 10%.”
This article goes on to explain that the recent rise in the price of the Iraqi dinar came from their increase in foreign currency reserves and anticipated gold values against the currencies they hold in reserve.
Central banks maintain reserves to balance a country's payments, help influence the foreign exchange rate, and support confidence in financial markets.During a liquidity crisis, foreign currency reserves are utilized to backup and maintain a country's local currency. In other words, foreign currency reserves are utilized as a backup currency in cases of an emergency.
In about 3 days, the global economy will be resetting everything in the banks and marketplace. There will come a point whereby liquidity is going to become an issue, and the use and need for foreign currency reserves to maintain the balance of a country's local currency will rise.
Are you ready?
Real assets backed by real values have begun.
During a liquidity crisis, foreign currency reserves are utilized to backup and maintain a country's local currency. In other words, foreign currency reserves are utilized as a backup currency in cases of an emergency.
(Dec 29) In about 3 days, the global economy will be resetting everything in the banks and marketplace. There will come a point whereby liquidity is going to become an issue, and the use and need for foreign currency reserves to maintain the balance of a country's local currency will rise. And now, we are witnessing many gold and silver tokens coming into play.
Gold and silver are economies of the people and for the people.
(Dec 29) In 3 days, we are about to engage in an economy that will change everything.
Nothing is done in one day, we need to be a patient a little while longer allowing gold to do what it normally does in deflating inflated values. Once we reach real values and real prices equilibrium will be established inside the markets and the banks. At this point, our reset will be complete.
Just a reminder as to what is coming the first of the year. Basel IV will implement Basel III reforms. The gold mandate era. This is real my friends. The 100% gold mandate is just days away.
We are so close but we need to exercise a little more patience. Everything Goldilocks has taught us is coming to fruition. Goldi has not steered us wrong so hang in just a little bit longer.
Happy New Year!!!
Goldilocks, Dee's Economics with Author Sam Oliver
Hello everyone. I just wanted to stop by tonight and say a few encouraging words. I hope everyone is doing well. This has been a long haul for all of us. Hang in there... We have a little bit further to go. If you will stay with me, I will share with you the step by step process that leads us to the new financial system and what we have been looking for . . . .
Just know you are in my heart and prayers as we move further down the road. We are beginning the difficult phase of this transition, just know that I am with you to the end.
The above information will involve new rates determined by real values. At that time, some of these new stablecoins that represent currencies in various countries will be functional in the new digital economy.
And so it begins...
The system being built is going to be capable of making that switch at the end. It will be the trigger we are all looking for.
There are going to be several twists and turns here at the end of the old Financial System.
Think of it as the Global Kentucky Derby currency race to the finish line. The winner takes all.
Just so you know, my money is on Gold.
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