News, Rumors and Opinions Monday Afternoon 8-23-2021
Holly Second Monday RV Update
If you have read my previous updates. I have explained this. Most whales are part of the GCR and they hold bonds.
We are on the RV side and funded thru the D1-3. Just because the whales are being brought in which they will and will continue to be brought in even months after we go, does not mean we have to wait!
The D1-3 is moving to the higher levels and should reach us this week.
Please don’t jump to conclusions and assume we are weeks out. Never did I say that. Go back and read today’s update
TNT:
Lilfish: Can anyone explain the importance of FOREX being in Iraq means to us as investors in their currency?
KajunRedBull: lilfish, basically by the Dinar being traded on Forex the currency is now recognized throughout the world as acceptable and trustworthy to be used for trading, business transactions, etc. In other words it is now "worth" something! Just like the US Dollar is.
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Nana2you: Countries start receiving billions of dollars from the International Monetary Fund!
The largest distribution in history.. Countries start receiving billions of dollars from the International Monetary Fund August, 2021
Today, Monday, the largest general distribution in the history of the International Monetary Fund, amounting to 650 billion dollars, which was approved earlier this month, became effective. On August 2, the IMF’s Board of Governors approved a general distribution of the equivalent of $650 billion in Special Drawing Rights units (456 billion units) to its members, to support global liquidity.
Of the allocated funds, $275 billion went to developing countries, of which $25 billion went to members of the CIS (member states of the former Soviet Union) and Georgia, from which Russia received $17.5 billion. According to a report published by "Reuters" agency yesterday, Yemen will get about $665 million from the fund's reserves. "Tomorrow all IMF member countries will receive their new allocations of Special Drawing Rights (SDRs).
Countries must use these allocations responsibly and wisely for the benefit of all citizens," the fund said in a tweet yesterday on the eve of the distribution. The distribution aims to address the world's long-term need for reserves, and help countries weather the impact of the COVID-19 pandemic.
Regarding the advantages of distribution, the Fund explained in a group of tweets that distribution allows for financing expenditures that help people to overcome the crisis, and it also enhances the reserves of member countries in the Fund, as well as supports the reforms of member countries.
The Special Drawing Rights (SDR) is an international interest-bearing reserve asset created by the Fund in 1969, as a complement to other reserve assets of member countries. The value of the Special Drawing Right (SDR) is determined according to a basket of five currencies (the US dollar, the euro, the Chinese yuan, the Japanese yen and the British pound). LINK
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Courtesy of Dinar Guru
Pimpy Iraq has now launched a campaign and it's going to start marketing its dinar. Yes, they want to get people away from using the US dollar and getting back into using their dinar.
Pimpy Over the last couple weeks there are tons and tons of articles, tons of them about a lot of economic opportunity and growth taking place...they have the ability to start building up the private sector even more. That's what we want...that helps strengthen the dinar...
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These countries bought, and sold, the most gold last year; Jeff Christian explains
Kitco News: Aug 23, 2021
Jeff Christian, managing member of the CPM Group, gives an overview of the countries that netted the largest change in their gold reserves last year and why these changes were made.
Speaking to David Lin, anchor for Kitco News, Christian said that central bankers think a gold standard “doesn’t make sense.”
They're Scared! Why they need their Reset
Miles Harris: Aug 22, 2021
This video considers why they desperately need to enact massive structural transformation in the name of sustainability and a reset. Ultimately, they were scared of losing control.