MilitiaMan, Nader, Bill Holter and more 6-16-2022

KTFA:

Diebold Nixdorf deploys new ATMs in Iraq  LINK

Ewtohan:  IMO we’ve been down this road before about the ATM machines and nothing happened  

MilitiaMan:  If I may ask, how so Ewtohan? Can you show us from the past that there was ever data like this below before? Look at he language they use. New technology. Cash recycling.  If so, I am sure the world would like to see it.. I haven't specifically, yet. Nor has Iraq imo, in this manner noted  below..

There were new machines in the past, yes, and folks showed them, many back then were not working however, just sitting idle.. Likely to be now retrofitted to present standard.. If we read closely they are even more modern now with new technology that integrate cash recycling capabilities, thus older machines would need updating. 

I am not sure everyone gets that huge picture with respect to new machines and need for updating. One stroke of the canvas has it as swapping old currency for new currency and another stroke is the ATMs can catch the good from the bad.. The machines detect counterfeit far better than the naked eye.. Less instruction to the teller level.

BTW, the last sentence is not out of place.. It is meant for support. The ATMs have the ability to sort the good and the bad , size and amounts accordingly. The technology has been in play over a year now. That support is shown that the company has used it in the USA successfully for over a year now. So, when you have the data to support that we have actually been down "" this road" before please post it. I would truly like to see it as it would be good for everyone to compare. imo ~ MM

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Al Qurtas Islamic Bank CEO Sara Ahmad said: “We are proud to be the first financial institution in Iraq to deploy the new ATM technology and look forward to providing innovative services to our customers.
“The new devices are already getting our customers’ attention, and in our next phase, the ATM’s integrated cash recycling capabilities will enable us to optimize cash handling and provide our customers with innovative technology that improves their banking experience.”   

Diebold Nixdorf managing director for Middle East Habib Hanna said: “We are thrilled that Al Qurtas Islmaic Bank chose to install DN Series as its first ATMs. They can now provide many additional services to achieve customer satisfaction and continue to be a leader in the region.”

In May 2021, First Citizens National Bank chose Diebold Nixdorf for cloud-enabled self-service options in its branches.

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MilitiaMan:  What is powerful, is Mustafa inspected private banks last week. Then today they tell us there is a company ready for support in implementation of a new system and automation with respect to the CBI and additionally meat with the the Arab Union of Banks and Private Banks. Why is that important? Well there are 7 State Banks, 33 Private banks and 330 Arab Union Banks and Financial Institutions involved.. See where I have been going that the theme is support for them to go international now? It truly is a "wow" moment.. imo.. ~ MM

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Courtesy of Dinar Guru

Nader From The Mid East  Article:  "Diebold Nixdorf has announced that Al Qurtas Islamic Bank is the first to reply its DN Series ATMs in Iraq"   Everybody's talking about the new ATMs.  They've been installed, yes.  Yesterday morning I was at the bank and I said (to myself) 'Maybe ATMs gonna be new small categories...'  Well not this morning.  Took some money from it and it's same money.  It's a 25 and the 10 and the 5 thousands.

Frank26   Article: "The Central Bank of Iraq meets the International Islamic Rating Agency" FLOAT THE DINAR... INTERNATIONAL BANKS!  Quote " the agency's delegation confirmed that the Iraqi Islamic banking sector is one of the promising sectors, expressing the agency's readiness to cooperate with the Central Bank in implementing its vision and providing the necessary support."

Game Over, They’re Pulling the Plug – Bill Holter

By Greg Hunter’s USAWatchdog.com

Precious metals expert and financial writer Bill Holter said in early April that he thought we did not have much time until the financial meltdown started.  He gave it 60 days.  Two months later, the meltdown started in earnest right on time.  The world is at debt levels never seen before, and Holter contends rising interest rates are the key driver here and now. 

Holter explains, “Interest rates are the key to the whole collapse.  Mortgage rates, as of right now, are about 6.15%.  Mortgage rates started the year just over 3%.  In the fourth quarter of last year, we had mortgage rates as low as 2.75%.

 What that tells you is if you qualified for a $1 million mortgage at the end of last year, you only qualify for a $500,000 mortgage now.  If you are a property owner, that means the pool of potential buyers is far less than 6 months ago, simply because interest rates have basically doubled.  Holter also says that means property values are dramatically cut.

Interest rates have been on a more than 40-year downward trend since Fed Head Paul Volker raised a key rate to 20% in the early 1980’s.  Holter points out, “We basically just went through a 40-year bull market on bonds where interest rates did nothing but go downward for 40 years . . . . That 40-year trend is now broken, and rates are headed higher.  It just so happens the system is more indebted than it has ever been on any ratio or any basis you want to look at.  What I am getting at is these higher interest rates are blowing up the debt bubble.”

Don’t expect the Fed to come in and save the day like it did in the last financial meltdown back in 2008 and 2009.  The Fed bailed out the economy when it started printing money like crazy and never stopped.  Holter says, “The bottom line is the world’s financial system and, thus, real economies have been on life support since 2008.  

What people should understand is when the Fed says they are going to raise interest rates and they are going to shrink their balance sheet, that says they are pulling the plug out of the wall.  They are taking the system off life support. 

The bottom line is the system cannot live without life support.  The Ponzi scheme cannot continue without new capital coming into the system.  They are pulling the plug is what they are doing. . . . It’s game over.”

Holter also talks about gold and silver and why you should hold them in hand.  Holter thinks a “Mad Max” scenario is a real possibility and says we have not seen the peak on inflation.  There is a lot more in the 44-minute interview.

Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter of JSMineset.com for 6.14.22.

https://usawatchdog.com/game-over-theyre-pulling-the-plug-bill-holter/