News, Rumors and Opinions Thursday Morning 10-27-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 27 Oct. 2022
Compiled Thurs. 27 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
The Quantum Financial System was live and Dubai 1 funding has been released. Historic, Golden Dragon, Yellow Dragon and German Bonds were all being paid out with a goal to finish by Thanksgiving.
By Thurs. 27 Oct Dubai 1 would be fully paid out and funding from Dubai 2 would be released.
Bond Holders expected to have access to their monies by Thurs. 27 Oct.
High up sources were saying we in Tier4B (the Internet Group) should be notified by email to set redemption/ exchange appointments of foreign currencies and Zim Bonds by sometime Thurs. 27 Oct., while MarkZ said notification could come after the Midterm Election (providing it is held) on Tues. 8 Nov.
For the special higher rates you must set an appointment to exchange foreign currencies at a Redemption Center and only during a limited amount of time.
At any time the General Public could exchange foreign currencies at a bank while being offered the lower Forex rates present on the bank screen at the time of exchange.
Global Financial Crisis:
Chinese Banks Dump Fiat US Dollar: https://www.zerohedge.com/markets/chinas-yuan-soars-most-record-after-beijing-orders-banks-dump-dollars
Read full post here: https://dinarchronicles.com/2022/10/27/restored-republic-via-a-gcr-update-as-of-october-27-2022/
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Courtesy of Dinar Guru
Pimpy They've already made it clear as day they were going to change the rate. As a matter of fact even Sadr, one of his campaign promises was to change the rate at least back to the old rate. We more likely are going to see the rate change go back to 1190 dinars to start with and then over time slowly build back up.
Bruce [via WiserNow] ...we're getting from the sources that are very high up and very close...to the transaction itself, of our exchanges are saying that we in tier 4B...that's our internet group - should be notified...before noon tomorrow [Wednesday]...if it's late coming in tomorrow for some reason, we would set appointments and start Thursday... I'm excited about that. But the good news is we are hearing from Iraq...certain transactions...the rates are moving up - and we know that certain Iraqi citizens are being able to exchange through ATMs even here in the United States...I think that shows that we're very close ourselves.
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Tishwash: The World Bank: The crises of developing countries are exacerbated by the decline of their currencies
from Iraq's news
The World Bank has warned that currency depreciation in most developing economies may cause food and fuel prices to rise in a way that may exacerbate the food and energy crises that many of these countries are already witnessing.
The World Bank, in its latest issue of the "Commodity Market Outlook" report, indicated that "prices of most commodities measured in dollar terms have retreated from their peak levels due to fears of an imminent global recession."
He added that "since the Ukraine crisis in February 2022 until the end of last month, the price of Brent crude oil, denominated in US dollars, decreased by about 6 percent," but "due to the depreciation of currencies, nearly 60 percent of emerging market and developing economies that import oil witnessed an increase in oil prices in the local currency." During this period, about 90 percent of these economies also experienced a greater increase in wheat prices in local currencies than the increase in prices in US dollars.
He pointed out that "the rise in the prices of energy commodities, which is one of the requirements of agricultural production, leads to a rise in food prices."
During the first three quarters of 2022, the average food price inflation rate in South Asia was more than 20 percent, while the food price inflation rate in other regions, including Latin America and the Caribbean, the Middle East and North Africa, sub-Saharan Africa, Eastern Europe and Asia On average, it ranged between 12 and 15 percent.
He pointed out that East Asia and the Pacific "was the only region in which the rate of food price inflation decreased, partly due to the generally stable prices of rice, the staple food in the region."
Commenting on the report, Pablo Saavedra, World Bank Vice President for Equitable Growth, Finance and Institutions, said that "although many commodity prices have retreated from their peak levels, they are still high compared to their averages over the past five years."
He added, "If there is another jump in global food prices, it may prolong the challenges of food insecurity in various developing countries," stressing the need to "adopt a set of policies in order to enhance supply supplies, facilitate distribution and support real incomes."
He highlighted that "it is expected that oil prices will decline by 11 percent in 2023 after rising by about 60 percent in 2022," but that "despite this decline, energy prices next year will be 75 percent higher than their average in the past five years."
In this context, Ayhan Kosei, Chief Economist for Equitable Growth, Finance and Institutions and Director of the World Bank's Development Prospects Group, which publishes the "Commodity Market Outlook", said that "the combination of high commodity prices and the continued depreciation of currencies leads to an increase in inflation rates in many of countries".
He pointed out that "policy makers in emerging and developing economies have only limited scope to manage the most visible global inflation cycle in decades," stressing that "they must be slow and careful in defining their monetary and fiscal policies, clearly articulating their plans, and preparing for a period that may witness more inflation." Fluctuations in the global financial and commodity markets.
With regard to the prospects for commodity prices, the report said that higher energy product prices than the expected level may “prolong inflationary pressures” as it leads to higher prices for commodities other than energy products, especially foodstuffs, which exacerbates “challenges related to food insecurity.”
"If the slowdown in global growth rates intensifies, it may also entail significant risks, especially on crude oil and metal prices," he added.
He explained that concerns about a possible global recession next year "really contributed to a sharp decline in copper and aluminum prices," adding that "price volatility is likely to continue as the steps of the energy transition unfold and demand changes from fossil fuels to renewable energy sources, which is beneficial on some metal producers.
He pointed out that "minerals exporters may benefit the most from the opportunities for growth in the medium term," noting that at the same time "they can reduce the repercussions of price volatility by adopting well-designed frameworks for fiscal and monetary policies." link
Fed Folds With a Soft Pivot - Ep 850
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· Interest rates are the Achilles’ heel of this bubble economy.
· Shelter costs are going up, even if housing prices are going down.
· Gold will be gaining value as the dollar loses value.
Don't Be SHOCKED If After The Midterm Elections ALL HELL BREAKS LOOSE.
Greg Mannarino: 10-26-2022