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A delegation from Kurdistan will arrive in Baghdad soon to resolve the issue of salaries for security forces in the region, 8 June

A delegation from Kurdistan will arrive in Baghdad soon to resolve the issue of salaries for security forces in the region

Wafa Muhammad Karim, a forerunner in the Kurdistan Leftist faction, said today, Saturday, that a designation from the Kurdistan locale will show up in  Baghdad soon to determine the issue of safety powers’ pay rates.

Karim told , “The district is sitting tight for the compensations of the period of May for its workers, yet there is an issue with the pay rates of the security records, as the locale sends the pay rates through shares and not by the three or four names that the middle requests.”

He added, “A designation from the locale’s Money Board will visit  Baghdad to determine this matter. Everything is good to go in regards to the pay rates of customary workers, yet there is an issue in regards to security compensations.”

He called attention to, “The most common way of limiting compensations is slow and pay rates stay consistent month to month and compensations are not quit during the restriction cycle,” anticipating that “there is stalling with respect to the compensations of the security specialists and that there will be political intercessions to determine the matter.”

Awake-in-3D: Central Bank Gold RV Accounts are Real, What are they Planning?, 8 JUNE

Awake-in-3D: Central Bank Gold RV Accounts are Real, What are they Planning?

Central Bank Gold RV Accounts Are Real: What Are They Planning?

On June 6, 2024
By Awake-In-3D

Discover the Secret Tool Central Banks Might Use to Avert Financial Collapse. Perhaps Even a Total Money Reset.

The question remains: will a dramatic revaluation of gold really solve the fiat currency debt system death trap? In the case of the United States, a practical scenario would not only require a sky-high revaluation of gold but also utilizing gold to outright back the ever-devaluing dollar.

This hypothetical approach raises several issues.

First, the price of gold would need to soar to unprecedented levels to cover the national debt, as shown by the required valuation of over $133,000 per ounce (as explained below).

Such a leap would fundamentally alter the global economic landscape and could undermine trust in the existing financial system. Additionally, backing the dollar with gold would necessitate a complete overhaul of current monetary policies and financial practices, potentially leading to significant economic upheaval.

This scenario forces us to confront the limitations of relying on fiat currency and question whether a return to a gold standard could truly provide a stable solution or merely shift the nature of economic challenges faced by modern economies.

In This Article:What Are Gold Revaluation Accounts?

1. How GRAs Work for Central Banks
2. Using GRAs to Turn Gold Value into Money
3. How GRAs Can Help Cancel Government Debt
4. The Impact of U.S. Debt on Gold Prices

Gold Revaluation Accounts (GRAs) might sound complex, but they play an essential role in the financial strategies of central banks. They record the increase in the value of a country’s gold reserves as gold prices go up. This article will explain what GRAs are and how they can help countries like the United States reset their monetary systems and reduce their debt.

What Are Gold Revaluation Accounts?

A Gold Revaluation Account (GRA) is a special account used by central banks to track the increased value of their gold reserves over time.

When the price of gold rises, the GRA records these unrealized gains. For instance, if a central bank bought gold years ago at a lower price and the price of gold increases today, the difference in value is recorded in the GRA.

How GRAs Work for Central Banks

Let’s take the United States as an example. The US Treasury has 261,498,926 troy ounces of gold.

Originally, this gold was valued at $11,041,059,958. However, with today’s gold price at $2,400 per ounce, the value has increased significantly.

To calculate the current value of the US gold reserves:

• Current Gold Value: 261,498,926 ounces × $2,400 per ounce = $627,597,422,400

The difference between the original book value and the current value is:Unrealized Gain: $627,597,422,400 (current value) – $11,041,059,958 (original value) = $616,556,362,442

This $616 billion gain is recorded in the GRA, reflecting the increased value of the US gold reserves.

Using GRAs to Turn Gold Value into Money

Central banks can use the unrealized gains in their GRAs to improve their financial situation. They can move some of these gains to their capital accounts, essentially turning this “paper gain” into usable money without selling any gold.

For example, if the US Treasury needed funds, it could transfer part of the $616 billion gain from the GRA to cover expenses or increase its financial buffers.

This process involves adjusting the accounting records, not physically moving any gold.

How GRAs Can Help Cancel Government Debt

GRAs can also help reduce government debt. Central banks can use the gains in the GRA to pay off government bonds. This method reduces the debt without creating new money.

For instance, the US could use the $616 billion gain to cancel some of its outstanding government bonds. By doing this, the government reduces its debt burden, easing financial pressure without increasing the money supply.

The Impact of U.S. Debt on Gold Prices

The U.S. national debt currently stands at approximately $35 trillion. To understand the magnitude of this debt, consider the gold reserves of the U.S. Treasury and what would be required to pay off this debt using those reserves.

Currently, the U.S. has 261,498,926 troy ounces of gold. At the present gold price of $2,400 per ounce, the total value of the U.S. gold reserves is about $627.6 billion. This is a small fraction of the $35 trillion debt.

To pay off the entire $35 trillion debt with gold, the value of gold would need to rise dramatically. Specifically, each ounce of gold would need to be valued at around $133,837. This means that the price of gold would need to increase by over 55 times its current value to cover the national debt with the existing gold reserves.

This enormous required increase in gold prices highlights the severity of the U.S. debt situation. It shows just how far the financial system would need to stretch to resolve the debt through gold revaluation alone. The drastic measures required to achieve this highlight the scale of financial challenges faced by the government.

The Bottom Line

Gold Revaluation Accounts offer a practical way for countries to handle financial challenges. By using the increased value of their gold reserves, central banks can support government budgets and reduce debt.

For the United States, leveraging the $616 billion in unrealized gains from its gold reserves could provide significant financial relief.

However, the requirement for gold to be valued at $133,837 per ounce to cover the national debt highlights the catastrophic level of debt and the drastic measures needed to address it. This approach shows how gold, beyond being a precious metal, plays a vital role in modern financial management.

Supporting article: https://www.gainesvillecoins.com/blog/how-central-banks-can-use-gold-revaluation-accounts-in-times-of-financial-stress

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© GCR Real-Time News

Iraqi Dinar | Central Bank Of Reveals New Exchange Rate Of Iraqi Dinar |...

Iraq's PM: Iraq increases gas utilization, aims for zero gas flaring by 2028, 8 JUNE

Iraq's PM: Iraq increases gas utilization, aims for zero gas flaring by 2028

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani announced on Saturday that Iraq's utilization of associated gas has increased to over 60%, with a goal to achieve zero gas flaring by 2028.

During the inauguration of the associated gas processing project at the Halfaya oil field in Maysan governorate, PM Al-Sudani said the facility has a production capacity of 300 million standard cubic feet per day and aims to halt gas flaring and promote environmental sustainability.

"This landmark project is part of our ongoing efforts to maximize the benefits of our oil and gas resources, a process that began in 2019 and has been closely monitored to ensure its completion," al-Sudani said. "It represents a significant step in our economic reform and optimal investment strategies to stop gas flaring and its associated wastage and environmental impact."

Moreover, the Iraqi prime minister emphasized that the gas produced will directly support power generation and reduce the need for imports, which drain hard currency. Gas production has increased from 2,972 million standard cubic feet per day in 2022 to 3,100 million currently, with 1,800 million standard cubic feet per day being utilized.

"The investment in associated gas has risen from 50% to 61%, with ongoing efforts to utilize all gas produced and achieve zero flaring by 2028."

The project, completed under oil licensing rounds, comprises two units, each with a capacity of 150 million standard cubic feet. It processes and dries the gas, separating its main components to produce dry gas for the national grid, powering the Amara government and Maysan investment power plants, generating over 1,200 megawatts.

Additionally, the project produces liquid gas to meet Maysan's needs, starting with an initial capacity of 1,100 tons per day, which will increase to 2,200 tons per day for household and automotive use. The surplus will be transported to other governorates. 

The facility also produces gas condensates at a rate of 20,000 barrels per day, which are blended with crude oil to enhance its quality. Sulfur is also produced as a byproduct, with a production capacity of 20 to 40 tons, and is marketed through the Iraqi Oil Marketing Company (SOMO).

Deputy Prime Minister for Energy and Oil Minister Hayan Abdul Ghani highlighted that the Halfaya gas processing project represents a significant advancement in the oil industry and associated gas utilization, transforming it into beneficial energy that supports Iraq's energy sector.

Abdul Ghani acknowledged the collaborative efforts of PetroChina and Maysan Oil Company, highlighting that the project's design capacity is 300 million standard cubic feet per day, comprising two units, each capable of processing 150 million standard cubic feet per day.

The project aims to refine and dry the gas, then separate its core components to produce:

- Dry gas for the national grid, powering local electricity generation stations.

- Liquid gas for cooking and automotive use, with an initial capacity between 1,100 and 1,200 tons per day.

- Gas condensates, blended with crude oil to improve market quality.

The project also contributes to sulfur production as a byproduct, with a capacity of 20 to 40 tons, marketed by SOMO.

For his part, Deputy Minister for Gas Affairs Izzat Saber underscored that the project aligns with government and ministry commitments to halt gas flaring and support clean energy initiatives. 

"The ministry succeed in utilizing 61% of associated gas, with plans to increase this to 78% by year-end, continuing efforts to convert flared gas into useful energy."

SUMMARY OF Wolverine Live Chat ON JUNE 6, 8 JUNE

 Thurs. 6 June 2024 Wolverine Live Chat

• “Things are moving! Yesterday I got a call from a very high contact that has Intel with the general of Brazil, and the general has authorized the release of funds from Brazil, and various sources from Brazil have all the same timeline that it has started. Notifications will be received in Brazil. Not everyone has seen them yet, but when they receive it they will know it is happening and their frame of mind will change.
• I received this great info today International Operations: “TIER 4 B IS ALREADY RECEIVING NOTIFICATIONS. (Beneficiary Commission).
• WELLS FARGO INSTITUTION MOBILIZES PAY MASTERS ACCOUNTS – HSBC BANK ALSO MOVES IN THIS DIRECTION as well.”
• And then I received this one from a huge contact: “Wolvie, I hope you’re feeling little better. I have some great news – we are working on International Contracts outside of Brazil for Individual Bond Holders. We also received more good news from one of our top Contacts working with the Chinese Elders on some International Platforms that they control involving Yellow Dragons and “Other” types of Bonds…. This Contact acts as a local Paymaster on behalf of the Chinese and he was tearful, saying, he received authorization to start the Payment process.” This Contact is one of the top Representatives for them and has been involved for more than 10 years – so he’s very emotional that he’s finally received authorization.
• Also, this came through, from a member: Hopefully, you are feeling well, Wolvie. Got news that two people that have groups under them are on their way to get paid! One in Zurich and one in Brazil.
• So we are finally there my friend – good night and thanks for everything and tomorrow I have to fly off to Brazil.
• In Reno, I am expecting to get the news we are waiting for hopefully today. I am hoping you guys receive notifications today. I hope Bruce has good news. I feel sorry for him, as Bruce is having health issues, gone blind, and hopefully he will get the right intel, this time. We are very, very close.
• The United States dollar is going down on Sunday,  (the petrol dollar) Saudi Arabia will not use the United States Dollar anymore, and that will be the fall of the US dollar, and the economic collapse starts Tuesday or Wednesday. This is when the release date actually starts.
• The law case against Hunter, including the laptop, is now in the courts,everything is coming out, and there is more exposure going on against Hunter, not just the about the guns, but other things that will develop in that case. Hopefully, it will get Biden removed asap and all others involved arrested.
• We are close. Things are rolling, and there is a lot going on in Australia as well.
• We are looking for a worldwide celebration that is about to commence. Remember where you were on the day this actually happens. You are all part of history. It will be a historical moment. We can write a book about it and put our names in the chapters. Maybe someone will! I am absolutely ecstatic with what I am seeing. I am sure I will get the call for the RV.
• The bond release of funds has started. Mauricio was right. He had an event – a press announcement in Mexico. He had the Colombian flag on his desk. He has a surprise for Colombia.
• Hopefully we will see that in a couple of days – It is all moving. Some of you are not seeing it, saying nothing is happening, but there is a lot going on behind the scenes. I have not received anything yet, but it does not mean it is not happening. We will see what our friend Bruce has this time. Hopefully, it will be great news. This is coming to your side of the woods pretty soon! Take care guys, love you all, Wolverine.
• Thurs. 6 June 2014 MarkZ: “I have a number of bond people who have been waiting all week.  They woke up to messages today Thurs. 6 June saying their appointments were  changed to around 10am on Mon. 10 June. They expect full payout. This means they expect money movement this weekend. I still have a few MIA bond folks…where they have turned off their devices….goes straight to voicemail.”
• On Mon. Evening 3 June 2024 the Iraqi Parliament finally passed their budget with the new Iraqi Dinar International Rate in it. On Wed. 5 June 2024 the Iraqi Parliament sent the budget with the new Iraqi Dinar Rate in it to the Gazette to be published presumably by Sat. 8 June.
• Wed. 5 June 2024 Frank26: The international world is currently using the new Iraqi Dinar international exchange rate right now.
• Tues. 4 June Bruce’s Source in Iraq spoke with PM Sidani – he said rates on Dinar were handed over and now were officially recorded.
• Tues. 4 June Texas Snake: “Well folks, the information I have rec’ed today indicates a number of the large bondholder paymasters have been invited to Reno to begin exchanging their bond portfolios over the next 24 to 48 hour window.  We are then scheduled to begin receiving notification to begin scheduling appointments.  I have this info from three sources and am waiting confirmation from the banker.
• Thurs. 6 June 2024 Robynhood59 on Telegram: “63 banks will be insolvent tomorrow Fri. 7 June. Janet Yellen has stated for months today Thurs. 6 June was the date govt runs out of money. June 15 was the hard date for completion of Basel 3 and working on Basel 4 and why banks will be closing. BEST NEWS OF ALL!! IRAQ currently voting in Senate on rate, then moves to House for rate vote. When vote passes it will go right in the Gazette for Law, and announced Sat. 8 June 2024 in Mosques. This Fri. 7 June through the weekend moves forward with liquidity of bonds.”
• Thurs. 6 June 2024 BRICS Summit Russia: “BRICS says establishing payment mechanisms within BRICS that do not depend on the Western banking system is one of the most pressing topics today at the BRICS Summit in Russia.”
• As of 30 May 2024 States can legally obtain their own gold backed currency and bypass the Federal Reserve.

SOURCE: DINARCHRONICLES

WOW News Coming Out From Iraq It's A Big Reveal For Investors Of Iraqi D...