News, Rumors and Opinions Tuesday AM 12-6-2022
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 6 Dec. 2022
Compiled Tues. 6 Dec. 2022 12:01 am EST by Judy Byington
Judy Note:
On Mon. 5 Dec. the Bank of International Settlements warned that pension funds and other non-financial firms have more than $80 Trillion in hidden off-balance sheet Dollar Debt in the form of FX Swaps. We’re experiencing the demise of the fiat US Dollar – and it ain’t coming back.
Global Currency Reset:
Mon. 5 Dec. MarkZ: “I think its economic brilliance coming out of Iraq – a measured approach so they can soak yet more Dinar off the streets before their bigger revaluation. They are going to allow the market to set the rate each day… Nader said that Iraq is changing the rate, improving the Dinar and reducing the Dollar… From Iraq we have a rate, not a fixed rate, but a floating rate based on the Market at the end of each day. This is enormous news. …
MarkZ: This is an analysis from a number of contacts: I am being told it is looking to start the float around 1160+. This is about a 20% increase in the value of your Dinar. Then at the end of each Market Day they will readjust according to the spread in the Market. This makes sense as to what’s best for the Iraqi people. …This is a slow grind to the top and I am told it will not affect our contract rate as it is based on the “Oil for Dinar” contracts…. They have now announced that it has started. There is no more “waiting for this to go.” Expect the float to go fast…. Some contacts in Europe were expecting liquidity today Mon. 5 Dec. No word on Tier4B schedule.”
Mon. 5 Dec.: The full funds from the St. Germaine Trust were expected to be released according to a High Up Source, while bonds began processing in mass according to Bond contacts in Europe.
On Tues. 6 Dec. a small amount of monies was set to be released to some in Tier 3, while a week later on Tues. 13 Dec. Tier 3 could be at least partially liquid. …a High Up Source.
Sun. 4 Dec. Fleming: “I am with a full NDA and can’t say anything at all.” https://dinaresgurus.blogspot.com/2022/12/nick-fleming-reports-spanish-and.html?m=1
Mon. 5 Dec. Dr. Tom: Dubai 1 has been completed and Dubai2 is in the process of being completed. Those are the most important platforms that move money around the world in the Quantum System. Dubai 2 is in the works and that brings us to the USN. So this is in the works and he tells us we’re getting close. My sources and I understand it could happen tonight or tomorrow, but it could last until the first part of January. I was on another call the other day and those sources couldn’t appear on the call because they said we were too close and they weren’t allowed to talk. Now the RV can’t be stopped and Buyers are meeting Sellers right now as we speak. https://dinaresgurus.blogspot.com/2022/12/were-getting-close-by-dr-tom-via.html?m=1
We are all in the same boat – and it has a leak. The potential of a recession is not the problem, a deep inflationary depression should be a far greater concern. https://www.zerohedge.com/economics/we-are-all-same-boat-and-it-has-massive-leak
Read full post here: https://dinarchronicles.com/2022/12/06/restored-republic-via-a-gcr-update-as-of-december-6-2022/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: If it floats is it going to go up really fast? And when is the best time for us to go in and exchange? FRANK: As far as when you exchange...that is a personal decision. You have to make that decision. At what rate you feel is good enough for you. 1 to 1, 1 to 2, 1 to 3 etc. You've got to know when to hold'm and know when to exchange'em.
Pimpy When it comes to this new government in Iraq it is moving quickly and I mean very quickly. Not just locally but internationally...
FINALLY HAPPENED! Russia SHATTERS the Dollar Myth, the Era of the Only Settlement Currency is End.
Deepin Moments: 12-6-2022
In the wake of the crisis in Ukraine, a series of sanctions and counter-sanctions have been imposed between the West and Russia, the most important of which is in the financial sphere. Russia's counter-sanctions have shattered the myth that the US dollar is the only settlement currency in the energy sector, prompting much speculation in international public opinion.
Many economists predict that the era of the US dollar as the sole settlement currency in international commodity markets is over. Today, countries and investors holding dollar assets are no longer as comfortable as they once were, and more and more countries are using non-dollar currencies to settle their trade.
The other day, India bought a large amount of Russian coal and chose to pay for it in yuan. More recently, Israel, Switzerland and others have boosted the proportion of the yuan in their foreign exchange reserves, proving that these financial players are also reducing their exposure to the dollar.
Against the US national debt to GDP ratio, a depreciation of the dollar is inevitable.
The Global Economy Is In Free Fall, Prepare For The Worse Case Scenario "
Greg Mannarino: 12-5-2022