News, Rumors and Opinions Friday Afternoon 12-10-2021
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 10 Dec. 2021
Compiled Fri. 10 Dec. 2021 12:01 am EST by Judy Byington
Judy Note on What We Think We Know:
A. On the Global Currency Reset:
A Black Swan Event is starting – get ready for a market collapse. It’s finally time to kill and end the dragon once and for all. Every market will crash! Stocks, real estates, crypto, etc. Do not sell your XRP or XLM. Just hold them as they will explode during the Ten Days of Darkness Global Financial Reset. Prepare to buy the dip/low during crash. It will happen fast.
Learn more about Global Reset here: https://greatawakening.world/reset1
Learn more about crypto here: https://futurmoney.com/
The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#: Bruce was told by several sources that this could go at any moment. We should be notified by email to set appointments some time Fri. 10 Dec. through Sun. 12 Dec.
MarkZ: Tonight Thurs. 9 Dec. in Reno there was great anticipation of movement after an Iraqi announcement that they had paid their debt to Kuwait. Hopefully by morning we will know if there was movement in Dubai One and Two. Redemption Center Staff have been waiting at Redemption Centers to start exchanges for Tier 4B from 8 am through 9 pm beginning last Wed, Thurs and would again on Fri. Beginning last Tues. 7 Dec. India and Russia would no longer take the fiat US Dollar. https://dinarchronicles.com/2021/12/09/kuwait-compensation-markz-evening-intel-stream-highlights-12-9-21/
Sat. 11 Dec. was Iraq’s 100th Anniversary Celebration.
Sun. 12 Dec. five planets, two large asteroids and the moon woulf align in the night sky, and be visible around the world.
Warning devastating solar storm ‘could send mankind back to the Dark Ages. The ‘troubling’ storm would fry satellites and crash power grids supplying whole cities prompting widespread blackouts
Funding for the GCR would come out of funds in Dubai 1 and 2, which this last week made some small payouts; Bonds were moving out of Zurich and some in Tier 3 have been paid partial amounts.
Redemption Center personnel who would exchange/redeem Tier 4B (us, the Internet Group) foreign currency and Zim Bonds at the new international rates were told they would be working this weekend.
Global Financial Crisis: The Chinese Real Estate giant Evergrande defaults as China debt strains spread. The world’s longest high speed railway network, the Chinese Kaixa, has defaulted on their debt and was now losing $2.4 million per day, with a reported debt of $1.8 trillion. https://www.bloomberg.com/news/articles/2021-12-09/evergrande-defaults-for-first-time-as-china-debt-strains-spread
Read full post here: https://dinarchronicles.com/2021/12/10/restored-republic-via-a-gcr-update-as-of-december-10-2021/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: The big news we're seeing right now is that the United States treasury has stopped the automatic withdrawal of the money from the oil profits to Kuwait to pay for the compensation. They're saying Iraq through the CBI will make the final payment sometime before the end of this year. Then Iraq will send a special request to the United Nation for Iraq to officially be removed from Chapter VII. All of this will occur before the end of this year. FRANK: Everything seems to be pointing to either just before the end of this year or at the very beginning of next year.
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KTFA:
Samson: Oil prices fell, and Brent settled at $ 74.38 a barrel
10th December, 2021
Oil prices fell on Friday, with dealers selling crude to profit - taking after a strong rally this week , thanks to the growing confidence that the rapid spread of the strain omicron of the Corona virus will not damage global growth and demand for fuel.
Brent futures were down four cents, at $74.38 a barrel, after falling 1.9 percent on Thursday.
And US crude futures fell seven cents, or 0.1 percent, to $ 70.87 a barrel, after falling 2 percent in a volatile session the previous day. LINK
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Samson: Al-Rafidain determines the interest rate on fixed deposits of citizens in exchange for depositing their money
10/12/2021 08:58:55
Al-Rafidain Bank announced the interest rates for the funds deposited in its branches.
And the bank's media said in a statement that {Euphrates News} received a copy of it that "the interest rate on fixed deposits for a period of six months is granted to be 4.5 percent."
And he indicated that "the interest rate on savings accounts amounted to 4 percent for citizens who open a savings account to deposit their money in the bank in exchange for interest." LINK
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Samson: IMF: Iraq's Non-Oil Real GDP expected to Rebound
7th December, 2021
The economy is recovering from last year's sharp contraction, helped by higher oil prices and easing of the containment measures.
Non-oil real GDP is expected to rebound by 12 percent in 2021 while the fiscal and current account balances are expected to improve significantly.
Higher oil revenues present the opportunity to tackle Iraq's significant vulnerabilities, strengthen resilience, and achieve durable and more inclusive growth. The IMF stands ready to support Iraq toward these ends.
A staff team of the International Monetary Fund (IMF) led by Tokhir Mirzoev held a virtual mission with the Iraqi authorities during November 28 - December 2 to discuss recent economic developments and outlook as well as policy priorities in the period ahead.
At the end of the mission, Mr. Mirzoev issued the following statement:
"The Iraqi economy is recovering from last year's sharp contraction, helped by the increase in oil revenues and easing of the COVID-19 containment measures. In recent weeks, new COVID-19 infections have declined significantly, and the vaccination rate has been gradually improving. Real non-oil GDP is expected to expand by 12 percent in 2021 and oil output is projected to gradually increase in line with the OPEC+ agreements.
"Inflation has reached 7.2 percent in September and is projected to ease in the coming months. The fiscal and external current account balances are expected to improve significantly in 2021 from double-digit deficits in 2020, mainly due to higher oil prices.
The recovery is expected to continue in the medium term albeit subject to considerable downside risks, most notably related to the oil market volatility and the COVID-19 pandemic.
"Higher oil revenues present an important opportunity to tackle Iraq's significant underlying vulnerabilities, strengthen resilience to future climate and other challenges, and advance key socio-economic priorities. Achieving these goals will require strengthening public finances, while creating the fiscal space for much-needed investment and social safety nets and promoting private sector development.
"To this end, key priorities include a civil service reform aimed at increasing public sector's efficiency and containing the wage bill, reducing inefficient energy subsidies, diversifying fiscal revenues, stemming losses in the electricity sector, strengthening governance. Improving the coverage and targeting of social assistance will help better protect the most vulnerable. And restructuring large state-owned banks and strengthening their governance will be critical to revitalizing the financial sector and ensuring private sector's access to finance. The IMF stands ready to support Iraq in these endeavors.
"The IMF staff team would like to thank the authorities for candid and productive discussions during this mission." LINK
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