News, Rumors and Opinions Sunday 8-7-2022
RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 7 Aug. 2022
Compiled Sun. 7Aug. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Global Currency Reset liquidity remained imminent though no one was privy to exactly when Tier4B (us, the Internet Group) would receive notification to set exchange/ redemption appointments – such determined by Military Quantum Computer calculations and dependent upon a worldwide Near Death Civilization Event. Any dates given would be guesses or rumor.
We do know, however, completion of the Global Currency Reset was close, since the Chinese Elders have already released the funds, some bonds have been made liquid, all 209 Nations have gone gold/asset-backed including the US Note and all were trading on the market back screens (not made public), the fiat Dollar and UK pound were no more and the monies could not stay stagnant, but had to continue to be paid out.
Thurs. evening 4 Aug. Bruce: Tier4B (us, the Internet Group) should receive notification over the weekend Sat-Sun 6, 7 Aug. and have access to funds Mon. 9 Aug. or Tues. 10 Aug.
Sun. 31 July Charlie Ward: Some Bonds have been monetized.
Wed. 3 Aug. MarkZ: Bond Holders and Church Groups have been told their liquidity was imminent.
Iraq has a new Dinar Rate that was trading in the international community, though it has not yet been made public. Thurs-Sat Aug. 4, 5 Iraq was scheduled to go dark and be off the grid, coming back Sun. evening 7 Aug. …Bruce
We will have about 10 days to exchange or redeem our currencies and bonds (Zim) for the special rates. …White Hat Intel
Read full post here: https://dinarchronicles.com/2022/08/07/restored-republic-via-a-gcr-update-as-of-august-7-2022/
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Courtesy of Dinar Guru
Walkingstick [via Frank26] The closed door meetings with the CBI/AMF are strong sighs that the monetary reforms continues its forward progress internationally...
Tivon ...You can see why some would assume there's a long way to go. Because it appears we are waiting on things being settled between what powers will run the country in "The New Government". But Al-Kazemi is in position to implement everything for the interim period as an transitional authority who will use the EFSL to enact the Oil & Gas Law sense he will have full legislative authority...The citizens do not want a "New Government". They want purchasing power.
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KTFA:
Samson: Cabinet Secretariat: working hours will be suspended on Tuesday in commemoration of Ashura
08/07/2022 11:05:47
The General Secretariat of the Council of Ministers announced that working hours will be suspended for next Tuesday.
A statement of the secretariat, which the agency {Euphrates News} received a copy of, stated that it was decided to “disrupt the official working hours on Tuesday, corresponding to the ninth of August, 2022, which falls on the tenth of Muharram, 1444 AH, the anniversary of the martyrdom of Imam Hussein (peace be upon him).” LINK
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Samson: Dhi Qar has been closed for three consecutive days
08/07/2022 00:42:27
Dhi Qar Governorate decided to suspend the official working hours in the governorate for 3 consecutive days, starting from today, Sunday.
A statement from the governor’s office stated that {Euphrates News} received a copy of it that “in view of the noticeable rise in temperatures that exceeded 50 degrees Celsius, as well as the complete shutdown of the electrical system throughout Iraq, and for the purpose of allowing the people of our beloved governorate to do Ashura work, as well as mourning ceremonies.
And condolences for the tenth day of Muharram, it was decided to suspend official working days on Sundays, Mondays and Tuesdays (7-8-9 August 2022) in all institutions and departments that are administratively affiliated with the local government in Dhi Qar.
The statement added, "Excluded from (the holiday) are security and health institutions, municipal departments, maintenance teams of the water and electricity departments, and students who take final exams." LINK
Michael Oliver: Pricking the Largest Financial Bubble in History
Palisades Gold Radio: 8-5-2022
Tom welcomes Michael Oliver back from Momentum Structural Analysis. So many people assume gold isn't doing well, but gold is normally poorly correlated with commodities. Gold tends to have much longer bull markets. Commodities tend to chase gold.
Major asset managers around the world are telling investors to focus on the value of money because central banks are creating inflation. Gold is reflecting the decline in the value of dollars, it's a good hedge against monetary degradation.
Micheal is convinced that we are in a counter trend rally within a bear market. The trend down will resume. Gold is not breaking down, instead, it's in a quiet accumulation phase.
The largest stock market bubble in U.S. history is breaking Most bear markets with U.S. equities are gradual and don't suddenly drop. The 1987 crash and crash of March 2020 didn't lead to a bear market, but quickly rallied higher.
It can take a couple of years for a bear market to play out and reach a bottom. Gold outperformed equities from 2008 to 2011. Gold is looking quite favorable. Michael explains the importance of momentum, as it is more useful than just evaluating price structure.
He breaks down his thoughts on silver and how it compares with gold. A ceiling has formed on the momentum chart and should we punch through that then we may begin to outperform gold. Silver may lead gold to the upside.
The assumptions today about dollar strength may be misguided. He notes that a breakdown in the dollar could catch many investors surprised.
Michael believes the idea of a global reserve currency is rapidly on its way out. It will be replaced by several currencies, and probably some of will become gold backed.
He doesn't believe the risk reward ratio with crude or natural gas is good at the moment. We've had a good run with both, but we need to see momentum hold support for a while.
Natural gas has been a leader, but it may not be the place to be at the moment. Having exposure to European markets may be a different scenario.
Time Stamp References:
0:00 - Introduction
0:43 - Commodities & Gold
13:57 - Timeframes & Analysis
16:07 - Gold During Panics
28:44 - Momentum Vs. Price
34:22 - Silver Outlook
43:55 - Dollar Trends
52:14 - Crude & Natural Gas
1:02:39 - Wrap Up