News, Rumors and Opinions Tuesday 4-5-2022
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 5 April 2022
Compiled Tues. 5 April 2022 12:01 am EST by Judy Byington
Judy Note:
MarkZ Mon. Evening 4 April: “I am getting a lot from military contacts that expect the RV to move this week –before the week is out, but also to be prepared as they are expecting a lot of turmoil during this process. When you suddenly have a lot of rats hearing that their money is worthless….and others like us have money…..well…just be prepared for a great deal of turmoil during this period. That is what I was told today.”
On the Bond Side: “I am still hearing Tuesday evening or Wed. Morning early 5,6 April based on the time zone…moving from East to West.”
Iraq was still expecting a rate change this week.
Bond and CMKX Holders were expecting to have full access to their monies by Tues. 5 April.
Iraq was given a deadline to announce their new rate by Wed. 6 April.
Tier 4B (us, the Internet Group) could be notified at any time to set redemption/ exchange appointments at the higher special rates.
Your Currency Exchange/ Zim Redemption Appointment:
*You needed two forms of ID, preferably picture IDs, a utility bill to prove your correct address, receipts for your currency/Zim Bonds (only if you have them), your currency and/or Zim Bonds, a 1-3 page Humanitarian Project Business Plan that included your background showing you were qualified to do your project.
*For most, Redemption Centers were likely within 50 miles of your home.
* Tier 4B would have ten days to make their appointments in order to receive special rates. After that, you would need to go to a bank to exchange where you would receive the lower international rate.
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Mon. 4 April Whiplash347:
Next thing – Project Odin, then QFS
To do the QFS transfer all World Banks need to close for three days. They have between 3 to 5 days to do this. By Law no longer than 5 days is allowed. It does make most sense across a weekend.
You will need some cash out as ATM’s/EFTPOS machines will go down.
Followed by 10 days of mourning. “Bay Of Pigs” Scenario. All Bank’s & Stock Markets will close as per 70 yr Queen article. https://www.google.com.au/amp/s/www.businessinsider.com/what-happens-when-queen-elizabeth-ii-dies-king-charles-2018-6%3famp
It’s now 13 days ‘til Easter Sunday. Is it Geronimo time?
Read full post here: https://dinarchronicles.com/2022/04/05/restored-republic-via-a-gcr-update-as-of-april-5-2022/
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KTFA:
Samson: A dangerous measure from the US Treasury leaves Russia with 3 difficult choices
5th April, 2022
The US Treasury has suspended Russian debt payments in dollars from Russian government accounts in US banks, increasing pressure on Moscow to find alternative funding sources to pay bond investors
A spokesman for the Treasury Department's Office of Foreign Assets Control told Bloomberg that the move aims to force Russia to choose between three alternatives, including draining its existing dollar reserves, obtaining new revenue, or defaulting on payments
Reuters quoted a source familiar with the matter, that the latest coupon payments on Russian sovereign bonds were stopped, bringing it closer to default, in a historic event
The International Monetary Fund earlier warned of the risk of Russia defaulting on its debt obligations as a result of the unprecedented sanctions imposed on it due to its invasion of Ukraine, which will make it difficult to convert its reserve assets with the Fund, known as Special Drawing Rights, into currency
The source said that the latest coupon payments on the sovereign bonds did not get permission from the US Treasury to be dealt with by JP Morgan, the correspondent bank, pointing out that Russia has a grace period of 30 days for the payment of the amount
The payments are for bonds due in 2022 and 2042, and the correspondent bank processes the coupon payments from Russia, sending them to the payment agent for distribution to overseas bondholders
A spokeswoman for the US Treasury confirmed that some payments are no longer allowed, adding, "Today is the deadline for Russia to pay other debts... As of today, the US Treasury will not allow any payments of debt in dollars from the accounts of the Russian government in US financial institutions." Russia must choose between draining residual valuable dollar reserves, the arrival of new revenue, or default
Russia, which has a total of 15 international bonds maturing with a face value of about $40 billion, has avoided defaulting on its international debt so far, despite unprecedented Western sanctions. But the task is getting more difficult. If Russia fails to make any of its subsequent bond payments within their due dates, or pays in rubles instead of dollars, euros or some other specified currency, it will constitute a default
While Russia is unable to access international borrowing markets due to Western sanctions, a default will prevent it from accessing those markets until creditors are paid in full and any legal issues arising from the default are resolved LINK
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Samson: Russia Wields A New Weapon Against The West
5th April, 2022
In a new escalation with the West, Russia announced its intention to export food and crops to “friendly countries” only, provided that it is sold in rubles or the currencies of those countries. Analysts considered this a new weapon that would be scorched by Europe, which is the largest importer of Russian agricultural products.
"We will only supply food and agricultural products to our friends. Fortunately we have a lot of them, and they are not in Europe or North America at all," said Dmitry Medvedev, deputy head of the Russian National Security Council.
Medvedev stressed that the priority in food supplies will be for the local market and control of prices, pointing out that the agricultural supplies of friends will be in rubles, or in their national currencies at agreed rates. Medvedev's comments come after Moscow recently demanded that foreign buyers pay for Russian gas in rubles, in response to the freezing of Russia's assets in the West due to its attack on Ukraine.
Keith Boyfield, a fellow at the Institute of Economic Affairs in London, says that Russia has started to use its weapons, in turn, against the West, starting with energy and then agricultural crops, in response to the economic sanctions that were imposed on it with the start of the war in Ukraine. LINK
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Samson: Chinese companies plan to buy Russian gas at attractive prices
5th April, 2022
Bloomberg" agency, quoting sources, reported that major Chinese importers of liquefied natural gas, including "Sinopec" and "PetroChina", are in talks to buy gas from Russia at reduced prices
And the agency “Bloomberg” indicated that China has bought several shipments of liquefied natural gas from Russia during the past few weeks, which are trading at a discount of more than 10%, according to traders in the sector
According to the agency's interlocutors, "Chinese importers intend to use Russian companies to participate in tenders for the purchase of Russian liquefied natural gas on their behalf, in order to hide these transactions from foreign countries
Bloomberg also indicated that Chinese companies are ready to buy Russian gas despite threats of Western sanctions. According to the agency, Chinese oil refineries are also buying Russian oil, at reduced prices
And Bloomberg says that China does not have an urgent need for liquefied natural gas now, but buying Russian gas at competitive (reduced) prices can help in storage before gas prices rise again LINK
Popeye7: Imo, the changing of the guard so to speak on the world stage is taking place as we see China, and Russia both no longer concerned about the Western powers... Especially the US... While showing the world how weak sanctions are... Interesting time we are living in...
BLACKROCK WARNS: Expect MUCH Higher Inflation And SHORTAGES. Important Updates.
Greg Mannarino: 4-5-2022