Dinar Recaps, Special Dinar Recaps Dinar Recaps, Special Dinar Recaps

Happy New Year from Dinar Recaps 2022

All of us at Dinar Recaps wish all of our readers a

Happy and Healthy New Year.

May all your dreams and wishes come true in the New Year.

Due to the holiday, we plan to have new posts off and on Friday and Saturday. Please check our BLOG PAGE for any new posts.

On New Years Eve (Friday) we plan to have 10am and 6pm (ET) email Newsletters.

On Saturday New Years Day, we plan to have a 11am (ET) and 6pm email Newsletter.

Please scroll down for new posts.

All of us at Dinar Recaps wish all of our readers a 

Happy and Healthy New Year.

May all your dreams and wishes come true in the New Year.

Due to the holiday, we plan to have new posts off and on Friday and Saturday. Please check our  BLOG PAGE  for any new posts. 

On New Years Eve we plan to have 10am and 6pm (ET) email Newsletters.

On Saturday New Years Day, we plan to have a 11am (ET) and 6pm email Newsletter.

Please scroll down for new posts.

Picture from https://www.happynewyearall.com/

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Note from Dinar Recaps about a website issue

Note from Dinar Recaps

It has come to our attention that there are possible technical issues with Readers who are currently using Chrome and are not able to see our most current posts.

We are looking into the situation.

We at Dinar Recaps make 12+ posts a day during a normal weekday, and 8+ posts on a normal weekend day. So if your Blog page is not showing you new posts, please try the below things.

You can try the following:

  • Close out the tab or window you have our website now. Then open a new tab, and go to our website dinarrecaps .com , and then go to the blog page.

  • Try a Incognito window in Chrome to see if this helps (in Chrome, right click on a link such as BLOG PAGE, and push “Open link in incognito window”)

Note from Dinar Recaps

It has come to our attention that there are possible technical issues with Readers who are currently using Chrome and are not able to see our most current posts.

We are looking into the situation.

We at Dinar Recaps make 12+ posts a day during a normal weekday, and 8+ posts on a normal weekend day. So if your Blog page is not showing you new posts, please try the below things.

You can try the following:

  • Close out the tab or window you have our website now. Then open a new tab, and go to our website dinarrecaps .com , and then go to the blog page.

  • Try a Incognito window in Chrome to see if this helps (in Chrome, right click on a link such as BLOG PAGE, and push “Open link in incognito window”)

  • You might try another browser (such as Firefox)

  • Try rebooting or restarting your computer or a hard close of your phone

  • Additionally, you can go to our ARCHIVE page online, and pull up our recent email newsletters with all our new posts.

Hopefully this will be resolved very soon.

If any of our Readers have a solution for this, please leave a comment below in our comment section. Thank you.

Your Dinar Recaps Team

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Dinar Recaps, Special Dinar Recaps Dinar Recaps, Special Dinar Recaps

Merry Christmas from The Dinar Recaps Team

Please scroll down for new posts.

All of us at Dinar Recaps would like to wish all our Readers a Very Merry Christmas.

We wish that all your dreams and wishes come true this coming year.

Due to the holiday, we plan to have new posts off and on Friday and Saturday. Please check our BLOG PAGE for all new posts.

On Christmas Day we plan to have 11am and 6pm (ET) email Newsletters.

Have a happy and safe holiday. The Dinar Recaps Team

Please scroll down for new posts.

All of us at Dinar Recaps would like to wish all our Readers a Very Merry Christmas. 

We wish that all your dreams and wishes come true this coming year. 

Due to the holiday, we plan to have new posts off and on Friday and Saturday. Please check our  BLOG PAGE  for all new posts. 

On Christmas Day we plan to have 11am and 6pm (ET) email Newsletters. 

Have a happy and safe holiday.  The Dinar Recaps Team

Picture from Viktor Hanacek at Picjumbo.com

Picture from Viktor Hanacek at Picjumbo.com

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Merry A Capella Christmas 2021! from Rodney

.This year's free A Capella Christmas present is wrapped and waiting for you to open and enjoy!

Please share, share and share again!

Spread the good news, with song of the REAL meaning of Christmas! :-)

Here's the Youtube link.

This year's free A Capella Christmas present is wrapped and waiting for you to open and enjoy!

Please share, share and share again!

Spread the good news, with song of the REAL meaning of Christmas! :-)

Here's the Youtube link.


https://youtu.be/PKx-fUEJzBY


Or you can travel back in time and listen to Christmas arrangements

from the past.

They are all here on my Youtube channel. Feel free to subscribe or just drop by for a listen.

https://www.youtube.com/user/musicology47

I pray everyone has a very Merry Christmas :-)

God Bless!

~Rod

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News, Chats and Rumors Dinar Recaps News, Chats and Rumors Dinar Recaps

News, Rumors and Opinions Post Friday AM 12-3-2021

.Holly Friday Update:

Good Morning Roomies

The excitement of dreams coming true is beyond the description of words! Unknown!

We are on the precipice of all of our dreams coming true. Keep your dreams alive.

The wait is almost over.

All anticipate that the final release is on the door step based on all the news we are hearing.

I do not want to predict any day but things are progressing toward completion.

Keep your vibrations high, keep the faith, stay positive and see this done and feel it in your being!

Holly

Holly Friday Update:

Good Morning Roomies

The excitement of dreams coming true is beyond the description of words! Unknown!

We are on the precipice of all of our dreams coming true. Keep your dreams alive.

The wait is almost over.

All anticipate that the final release is on the door step based on all the news we are hearing.

I do not want to predict any day but things are progressing toward completion.

Keep your vibrations high, keep the faith, stay positive and see this done and feel it in your being!

Holly

Wolverine Update:

7:55 PM Thursday 

Just letting you all know that I have received incredible news that the RV is definitely going to be released and notifications will be coming out any day now. The meeting with HSBC went fantastic as we are definitely having an early Christmas this month.

So get your Santa hats on as we are going to be soon knocking on peoples houses and give them a secret Santa gift to bring them joy to their lives.

~~~~~~~~~~

Courtesy of Dinar Guru

Frank26  [Firefly boots-on-the-ground Iraqi TV update]  FIREFLY:  Many of us are upset that the exchange rate has not changed yet and more and more are protesting and speaking out.  'Need a change' is the word on the street.  FRANK: ...the governor of the CBI is doing a good job of educating you isn't he?  And you know that...your country is so rich that the concept of changing your exchange rate is actually an afterthought...

~~~~~~~~~~

Iraqi Dinar update for 12/02/21

Pimpy’s Investment Chat: Dec 2, 2021

https://www.youtube.com/watch?v=9soND_9ghH8

Lynette Zang

WHEN REAL ESTATE DROPS: [Pt.2] Your Mortgage During Hyperinflation & The Reset

Dec. 3, 2021

https://www.youtube.com/watch?v=EVHKc5RCI_8

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Chats and Rumors Dinar Recaps Chats and Rumors Dinar Recaps

Excerpts from the Restored Republic via a GCR Friday 12-3-2021

.RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 3 Dec. 2021

Compiled by Judy Byington

Judy Note: The world was experiencing a financial crisis instigated by a bankruptcy of the Chinese Communist Party’s giant worldwide real estate company Evergrande and US Inc.’s bankruptcy in 2008 that resulted in a fiat dollar doing havoc to international trade.

That crisis was in the process of being solved through a Global Currency Reset that has been in the works for over twenty years. Completion of that GCR was under authority of the US and world Militaries and dependent upon certain worldwide Events happening.

Global Currency Reset: On Thurs. 2 Dec. 2021 and according to Simon Parkes, Nic Fleming, Bruce and/or MarkZ:

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 3 Dec. 2021

Compiled by Judy Byington

Judy Note: The world was experiencing a financial crisis instigated by a bankruptcy of the Chinese Communist Party’s giant worldwide real estate company Evergrande and US Inc.’s bankruptcy in 2008 that resulted in a fiat dollar doing havoc to international trade.

That crisis was in the process of being solved through a Global Currency Reset that has been in the works for over twenty years. Completion of that GCR was under authority of the US and world Militaries and dependent upon certain worldwide Events happening.

Global Currency Reset: On Thurs. 2 Dec. 2021 and according to Simon Parkes, Nic Fleming, Bruce and/or MarkZ:

The Iraqi Dinar has a new rate of over $11.90 USD that went International on Mon. 29 Nov.

The US was withdrawing the remaining 3,630 troops out of Iraq the night of Thurs. 2 Dec. so that Iraq could announce their sovereignty to the world on Fri. 3 Dec.

Since before Thanksgiving Paymasters have be ordered and remained in place to pay out Bond Holders, Tier 3 and Tier 4 A, B (us, the Internet Group).

Sometime Fri, Sat or Sun 2,3,4 Dec. Bond Holders should receive access to their funds and at the same time Tier 4B should receive notification to start redemption/exchanges.

HSBC Bank (owned by the Chinese Elders) would lead the process through Hong Kong and Shanghai Banking Corp. In the US, the redemption process would begin in Temple Texas, not Reno.

The US Inc. would be out of money by Fri. 3 Dec. Congress’s 15 Dec. extension to shut down the government would not change that fact. The Stock Market has been in freefall since last Fri: https://money.cnn.com/data/markets

South Africa which holds the Zim Bonds, has been given notice that the Emergency Broadcast System would be activated and they would be under Martial Law by Sat. 4 Dec. 2021.

Thurs. 2 Dec. 2021 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#

Zimbabwe Stock Exchange started today Thurs. 2 Dec.

Zimbabwe has new Zim currency in circulation.

The US is withdrawing the remaining 3,630 troops out of Iraq tonight so that Iraq can announce their sovereignty tomorrow Fri. 3 Dec.

That announcement would be made globally and would mention the new revalued Dinar (over $11.90).

Sometime Fri, Sat or Sun 2,3,4 Dec. Bond Holders should receive access to funds and Tier4B should receive notification to start redemption/ exchanges.

Read full post here:  https://dinarchronicles.com/2021/12/03/restored-republic-via-a-gcr-update-as-of-december-3-2021/

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Chats and Rumors Dinar Recaps Chats and Rumors Dinar Recaps

Thursday Night Fleming Report/Rumors 12-2-2021

.Note: All intel should be considered as "Rumors" until we are making exchange appointments...and “Rates and Dates and exchange proceedures” could change anytime until we get to the banks/redemption centers.

Thursday Night Fleming Report

IRAQ DINAR HAS A NEW RATE

Iraq went International Monday. The rate when we see it, will be over $11.90 USD.

To demonstrate further, tomorrow or whenever we exchange, we should be able to go to the bank or redemption center, and exchange 1 MILLION Iraq dinars = $11,900,000 USD.

Much more has taken place in Iraq with this change of currency value. Marathon and oil companies, Phillips, have contracted to drill 307 new wells, so far. The investment in Iraq will only escalate from here.

Note: All intel should be considered as "Rumors" until we are making exchange appointments...and “Rates and Dates and exchange proceedures” could change anytime until we get to the banks/redemption centers.

Thursday Night Fleming Report

IRAQ DINAR HAS A NEW RATE

Iraq went International Monday. The rate when we see it, will be over $11.90 USD.

To demonstrate further, tomorrow or whenever we exchange, we should be able to go to the bank or redemption center, and exchange 1 MILLION Iraq dinars = $11,900,000 USD.

Much more has taken place in Iraq with this change of currency value. Marathon and oil companies, Phillips, have contracted to drill 307 new wells, so far. The investment in Iraq will only escalate from here.

Apparently the IMF stopped Iraq on Monday, from notifying the world of this new global RATE. No reasons were given for this.

Tonight, this goes live on Forex, and there's can be hidden no longer.

HALLELUJAH!

This now places Baghdad, Iraq as the premier trade hub for all of the Middle East.

God Bless the Golden Dinar and the Sovereign People of Iraq. The time for rebuilding this war torn nation has arrived.

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Thursday Night KTFA CC "Pros and Cons Video" 12-2-2021

.KTFA

Wednesday Night KTFA CC

12-2-21…..PROS AND CONS VIDEO

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq

Playback Number: 605-313-5163 PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

KTFA

Wednesday Night KTFA CC

12-2-21…..PROS AND CONS VIDEO

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

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Chats and Rumors, MarkZ Dinar Recaps Chats and Rumors, MarkZ Dinar Recaps

"Coffee With MarkZ" Thursday Morning Chat 12-2-2021

.Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Thursday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Our circling plane full of nothing burgers is running out of gas and is going to crash soon!!!!!!!!!!!!!!!!!

MZ: I think we are still waiting for a key event- IMO.

MZ: We have not seen any CMKX or Prosperity packages. I did receive one message back from one of my bond folks in Zurich that they expect their funding from banking this morning….but no word since then….In other words they went to get their bond dollars last night …they were put in place but he didn’t expect to be able to spend it until this morning…

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Thursday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Our circling plane full of nothing burgers is running out of gas and is going to crash soon!!!!!!!!!!!!!!!!!

MZ: I think we are still waiting for a key event- IMO.

MZ: We have not seen any CMKX or Prosperity packages. I did receive one message back from one of my bond folks in Zurich that they expect their funding from banking this morning….but no word since then….In other words they went to get their bond dollars last night …they were put in place but he didn’t expect to be able to spend it until this morning…

MZ: Since I didn’t get an update I hope that means  they have free access to their money.  

MZ: Looks like Iraq is still in a holding pattern…..but for what? That is the next question.

MZ: it was really a nothing burger of news last night.

Member: Isaac just posted He has big meeting at hsbc bank today

Member:  Isaac posted the following - "I will talk later and see if liquidity will start this week , keep you posted.Big meeting at HSBC"

Member: Are the "whales" still in line in Reno from last week? If so, they must be frustrated! Hopefully something happens soon!

Member: I cant see the RV happening, almost like the cabal are blocking it

Member: The Banksters are the Gangsters and they control mostly everything from money to food , media, Gov't and more than most people can comprehend

Member: The market is up over 450 points, this is crazy! When will they go ahead and let the Evergrande bleed and cause the downshift crash?

Member: I am not sure how much more of an event we need other than a total annihilation of human kind. I guess the virus wasn't big enough event? The variants not enough?

Member: I’m over us being lied to and treated as sheeple by those who think they have a say as to how we should live and spend our money….

Member: People are frustrated with delays but need to understand the size of this endeavor!

Member: So Mark when do you think Nesara Gesara going to happen and release of T4B

Member: We are hoping that this happens soon! Hope that all of this is not a farce and not real and a waste of time and money!

Member:  Should we have security when we go to exchange and for the months afterward?

MZ: I think your best bet is anonymity, don’t let anyone know you have any dollars. Then you won’t have to change your lifestyle….

Member: The last thing we want to do is gloat over our new found wealth

Member: Good Morning Mark! I'm nervous now since Frank26 says Boots on the Ground says can't cash in until Jan 2022 since it's in the budget and also Sandy Ingram says same. Also says1300 dinar to 1 $

Member: the Iraqi dinar will have a contract rate because we helped liberate them from Saddam Hussein

MZ: The contract rate is what we call the rate we will get from the banks. There is a program called “Oil For Dinar” so Iraq can pay over time the countries that aggregate the dinar and then turn it into Iraq in exchange for cheaper oil per barrel.

MZ: These nations will receive oil at a steep discount in exchange for our dinar. So, in a nutshell they can offer us more for our currency then the regular street rate Because for example the US or UK Treasuries will then use our dinar after its exchanged and give it back to Iraq for a greatly discounted, cheap oil. And this allows Iraq to pay for its RV over time.  

Member: If the exchange rate is known out of iraq, why arent we exchanging yet? makes no sense at all. we are being jacked around again!!!!

Member: IMO This will happen at the end of the month or close to it for the fact the budget can not be implemented with out the new rate

Member: What do you think the street rates will be?

MZ: I think they will float the rates in-country to pull more of these bills off the streets over there. I think the dong will start at .47 cents or so and float up to the low $2 range, which is what I expect we will be exchanging for,…..In Iraq I expect it to come out at closer to $4 and then be allowed to float …That’s what I think……we don’t know for sure until we are at the banks.

Member: Estimated: Dong - low to mid $2, Dinar - $4.81, Zim - .11-.36 without projects, up to .70 with projects (per million zim)

Member: Remember that we will not know the exact rates until we are at our exchange appointments.

Member: Where will all the redemption centers be????

Member: Texas Snake’s contact has set up the redemption centers in 5 states . Texas alone has 238 exchange centers.

Member: We have been told that most people will be able to find a exchange center within 50 miles of them except people who live in the boonies….may have to drive further

MZ: My contacts have set up RC’s in 2 states with a number of locations as well. I know these people in real life so when I hear others say there are no redemption centers I don’t agree…..i know there are.

Member: Poor Newbies so desperate for answers. Your all lucky not long to wait . We all been their Relax

Member: For all the newbies……We will not know the exact rates until we are at our exchange appointments…..and we will get instructions on how to set appointments when the reset happens…..until then its all speculation……do not panic.

Member: There is a lot of good info at dinar recaps in the archives and post-rv section …go there and do some reading….it will help

Member: The newbies need a “Back to Basics “ stream or post so they can get all their basic questions answered……most of these questions Mark has answered hundreds of times…….

OKIE HAS ONGOING SERIOUS HEALTH ISSUES. OUR COMMUNITY IS THE ONLY HELP HE CURRENTLY HAS - HELP IF YOU CAN- THIS IS THE ONLY LINK TO SUPPORT OKIE.  https://www.paypal.com/paypalme/SeedsofWisdomTeam

OKIE is still very ill and needs our help. Salty has a NEW SOW Humanitarian Fund account just for Okie Every penny goes to Okie to help with Medical costs. Here it is: http://paypal.me/OkieTeam

No Paypal acct needed on this link: https://www.paypal.com/donate?hosted_button_id=J6BM9Z7ZU5RDW

IF THE INTERNET GOES DOWN Emergency number… (712) 770-5028 Code:648989 Playback number (712) 770-5066

IF MARK LOSES THE ABILITY “TO STREAM LIVE"...PLEASE TAKE NOTE OF THE "NEW" EMERGENCY NUMBER EFFECTIVE DAY: (712) 770-5028 Code: 648989 Playback number (712) 770-5055 or 712-770-5066.  

The next stream is tonight at 7 pm est

COME JOIN IN WHISKEY & WISDOM THURSDAY NIGHT AT 8PM EST / 7PM CST/ 5PM PST KICK YOUR FEET UP AND RELAX

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear will be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=GeBQO05A3-k

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Chats and Rumors, News Dinar Recaps Chats and Rumors, News Dinar Recaps

News, Rumors and Opinions Thursday Morning

.Holly Thursday RV Report:

Good morning roomies

Freedom is never given, It is won! Martin Luther King

My sources have all said things look very promising for the final release to be entered.

We are in an any moment any day situation. No one will know when it happens, it will just happen.

You are tired, keep the faith.

You are losing hope, keep the faith.

You are in debt and no money, keep the faith.

Allow your faith to sustain you and know you, we, were all brought to the brink before the abundance flood gates open. We will all remember our humble roots.

Holly Thursday RV Report:

Good morning roomies

Freedom is never given, It is won!  Martin Luther King

My sources have all said things look very promising for the final release to be entered.

We are in an any moment any day situation. No one will know when it happens, it will just happen.

You are tired, keep the faith.

You are losing hope, keep the faith.

You are in debt and no money, keep the faith.

Allow your faith to sustain you and know you, we, were all brought to the brink before the abundance flood gates open. We will all remember our humble roots.

Our egos are getting tossed to the curb, and no ego is needed where we are going. Stay the course. Keep your vibrations high, your attitude positive and your faith alive! 

Holly

**

The Green Lantern:

Washington DC has indicated that they've got everything ready so that all nations will receive their funds simultaneously. 

There is just one document which consists of 800 pages that is needed for signing. 

Anticipating the release any day now 

Please God put your hand on whoever has the authority to get this done as people cannot wait any longer as there has been too much suffering.

God bless you all. 

The Green Lantern

**

Notable Resignations Worldwide

On Dec. 22, 2017 #Q asked us to "Track CEO Resignations"

Since Dec. 26th, 2017 Resignations, Retirements, Firings and Deathcases are tracked!

Resignations:  14,202

People:  13,652

Organizations:  9,968

Countries:  171

https://www.resignation.info/

**

Iraqi Dinar update for 12/01/21

Pimpy’s Investment Chat: Dec. 1, 2021

News starts at minute 4:00

https://www.youtube.com/watch?v=RwzMlvumok0

**

Richard Duncan: The Fed has Become a Hostage of the S&P

Palisades Gold Radio:  Dec 2, 2021

Tom welcomes a new guest Richard Duncan to the show. Richard is a macroeconomist and the author of three books on the global economic crisis.

Richard discusses how (total credit debt) credit growth now drives the economy. Currently, U.S. debts have surpassed 85 trillion. Whenever credit growth slows below two percent annually the U.S. enters a recession. This has happened nine times since 1950.

The economy has changed fundamentally since the 19th century. Gold has not been money for fifty years. The big change came in 1968 when the Fed was allowed to create money without having a reserve.

When the gold window closed in 1971 so ended the corrective mechanism to balance the trade imbalances between countries. In the 80s the U.S. discovered they could run trade deficits without much consequence.

This did result in the dollar being devalued but during the 90s we saw the economies of developing countries improve massively. The U.S. was able to rely on cheap foreign labor and manufacturing to produce low-cost goods.

Until recently money printing had little impact on inflation growth. Month on month change for inflation is breaking out higher. There are many reasons for higher prices over the past couple of years and inflation is not certain.

For now, large stimulus packages are not expected. Without stimulus, we would likely have had a major recession.

 Chairman Powell has recently stated plans to accelerate tapering and raise interest rates. Credit growth is expected to slow rapidly and without more debt, the economy could contract. Our system is no longer that of capitalism but 'creditism'.

The Fed is hostage to the S&P and is covering for any market corrections. The economy is essentially on life support.

The Fed can't raise interest rates far and it seems less likely to do so in light of the new covid variant. Wealth is becoming very stretched compared to income.

Income is not keeping up and overall downward pressure remains on wages. People need income to pay their interest on the money they borrow. Income is no longer keeping up with assets like home prices.

Richard Duncan: The Fed has Become a Hostage of the S&P

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Dinar Recaps, Special Dinar Recaps Dinar Recaps, Special Dinar Recaps

Happy Thanksgiving from Dinar Recaps

All of us at Dinar Recaps wishes all our readers a Happy Thanksgiving. Stay safe and healthy.

Note: we will not be doing a 10pm ET email Newsletter today, Thursday.

Our 6pm Newsletter will likely be sent around 7pm (ET).

Please check our BLOG PAGE throughout the day for any new posts.

All of us at Dinar Recaps wishes all our readers a Happy Thanksgiving. Stay safe and healthy.

Note: we will not be doing a 10pm ET email Newsletter today, Thursday.

Our 6pm Newsletter will likely be sent around 7pm (ET).

Please check our BLOG PAGE throughout the day for any new posts.

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