News, Rumors and Opinions Wednesday AM 2-23-2022
Wolverine Wednesday Thought:
Hi guys
I know most of us have been disappointed that we haven’t seen things happening but I can assure you that things are happening behind the scenes that we are not in liberty to discuss.
Yesterday we were told that they were going to open up the flood gates for the German bonds but I don’t know what happened but today the UST say that we should hear some news and hopefully release the opera.
Please keep the faith and stay close to God.
Blessings to everyone.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 23 Feb. 2022
Compiled Wed. 23 Feb. 2022 12:01 am EST by Judy Byington
Judy Note: The Global Currency Reset happened on Tues. 22 Feb. and Tier 4B (us, the Internet Group) could be notified to set appointments at any time. It is my understanding we will be notified by email of a Secured Website.
The Secured Website will be published on various Dinar websites and will be published in this newsletter. We go into that website, are identified as a valid currency or Zim holder, and then given an 800 number to call to make our redemption/ exchange appointment. This is true for everyone worldwide.
Although, understand that this is just my understanding. The guidelines could be changed at any time.
Bruce:
This could go at any minute.
The rates are very, very good.
Bond Sellers do not yet have liquidity.
All Tier 1,2 banks have been qualified and were on board.
Iraq was released from Chapter 7,8 on Tues. 22 Feb.
Bond Sellers and Tier 4B would be notified at the same time and it was very possible that the notification could happen overnight tonight.
If so, we could start our appointments Wed. afternoon 23 Feb.
Redemption Center staff were fully staffed starting Wed. and for the next 12 days.
Read full post here: https://dinarchronicles.com/2022/02/23/restored-republic-via-a-gcr-update-as-of-february-23-2022/
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Courtesy of Dinar Guru
Frank26 What is the only reason Iraq (the government and Central Bank) has not released a new exchange rate with purchasing power for the citizens? ...Iranian influence...almost 2 months the CBI and Kazemi have been coming out almost daily telling the citizens 'We're going to raise the value of your currency. We're going to have purchasing power...' Hundreds of articles verifying that. What you always dreamed of that they would say they said it to the citizens. Who else heard it? The ones that don't want them to do it...Iran. What is Iran? Mainly parliament.
Pimpy Article "A new drop in the dollar in Baghdad...and exchange offices: the currency market is turbulent" Here we go...What they're saying is the U.S. Dollar is dropping in value against the dinar...the changes are...not huge but they're at least happening...talking about 13 dinars...I don't expect the US dollar to fall overnight although it's very possible but it is going to gradually go down...what they're trying to say here is the rumors that are floating around is that the dollar is losing its value against the dinar and a new rate change is going to be announced...
Its a Total Financial FREAKSHOW! Expect "Government" Spending To SKYROCKET.
Greg Mannarino: Feb 22, 2022
Jeff Snider: Bonds are Calling Out the Fed
Palisades Gold Radio: Feb 23, 2022
Jeff explains the purpose of swap spreads which includes reflecting systemic credit risk. Back in October 2008 something significant changed as spreads turned negative.
The 2008 crisis was primarily about the money dealers since without them there is no banking system. We may not want a fixed supply of money because the world is quite dynamic. We need to adapt the Eurodollar into a more disciplined system.
Every country constantly needs dollars because otherwise, they can't participate in the global marketplace. When countries need dollars in a hurry it’s not unusual for them to sell treasuries.
The Fed is concerned that the public might begin to change their spending behavior because of inflation. The Fed today is more of a behavior influencer than a direct intervener in the markets. The main parallels of today are the 1930s in the U.S. and the 1990s in Japan.
We see similar pricing of current long-term bond yields to those times.
Gold prices this year are doing fairly well despite higher interest rates. Gold is often a reflection of long-term treasuries. The bottom line for gold is that nothing in the system has been fixed so gold will continue to do well. There are many ominous signs of problems in the system.
Compressed rates, flat yield curves, and negative rates are all indicative of massive problems in the monetary system. What form those problems will take remains unknown but they are stacking to the downside. It could be a recession or a decline in growth for part of the world.