Will They Peg The Dollar To Gold? Lynette Zang

Will They Peg the Dollar to Gold? Why This Matters and What This Means to You | by Lynette Zang

10-14-2022

Everyone wants to feel secure, they want to know what's going to happen day after day so they can save for the future and build a life. It should be apparent to everybody right now that things are more uncertain than they've ever been.

The IMF and Jamie Dimon over at Chase are warning us of an imminent recession. But what happens when the Federal Reserve pivots like the Bank of England pivots? Why would they? Well, that's what we're going to talk about today, the de-pegging of the world, and it's a very dangerous place, coming up.

Chapters:

 0:00 Crisis is Brewing

1:47 What Does Pegging Mean?

 4:08 USD Currency Lifecycle

10:44 Swiss Central Bank Surprise

12:53 Treasuries Liquidity Problem

14:37 World Currency Reserves Shrink

16:43 Major Fixed Currencies

18:57 Buyers in Treasuries Bailing at Once

22:06 H.R. 9157 "Gold Standard Restoration Act"

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

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Friday Afternoon Iraq Economic News Highlights 10-7-22

Friday Afternoon Iraq Economic News Highlights 10-7-22

Sources For "Economy News": Israel Bought 5.8 Million Barrels From Kurdistan During The Past Month

Energy    Economy News – Baghdad   The Kurdistan region exported more than 15.6 million barrels per day during the month of September.

Sources told "Economy News", "The Kurdistan region exported on a daily basis 522.8 thousand barrels, with a total of 15.6 million barrels, during the month of September."

She added that the countries that imported from the region are Israel, at a rate of 195.6 thousand barrels per day, as it ranked first in total exports, as it imported alone 5.8 million barrels.

She confirmed that Greece bought 4.2 million barrels, then Italy 3.17 million barrels, and Turkey 953.4 thousand barrels.   There are great differences between Baghdad and Erbil, about the region's export of its oil independently, as the SOMO company has pursued international companies that buy the region's oil, but so far the efforts are still clear.

43 . views   Added 10/07/2022 - 1:33 PM   Update 10/07/2022 - 3:00 PM

https://economy-news.net/content.php?id=30096

Gold Is Heading For The Largest Weekly Gain Since Last March

Economie   2022-10-07 | 02:29   514 views     Gold prices rose slightly today, Friday, heading towards the largest weekly increase since last March, and ahead of the US jobs report, which may support investors' expectations about the path of the Federal Reserve to raise interest rates.

The dollar index and the yield on US 10-year Treasury bonds stabilized after rising in the evening.

Investors are now focused on the NFP report United State To be released later on Friday, economists expect 250,000 jobs added last month, compared with 315,000 in August.

By 0551 GMT, gold rose in spot transactions by 0.1 percent at $ 1712.6 an ounce.

Prices rose about 3 percent this week, supported by the decline in the dollar and the yield on Treasury bonds, after reaching the highest level in years.

US gold futures settled at $1,720.40 an ounce.

As for other precious metals, silver fell in spot transactions 0.4 percent to $ 20.56 an ounce. Platinum fell 0.4 percent to $918.38 an ounce. And palladium lost 0.6 percent to $2247.62 an ounce.  LINK

Oil Is Stable At $94 A Barrel In Global Markets

Economie   2022-10-07 | 02:43   362 views   Alsumaria News – Economy    Oil prices stabilized today, Friday, before the announcement of important US economic data, after rising by more than 1% in the previous session, after the OPEC + group’s decision to reduce oil production by two million barrels per day.

Brent crude futures fell 11 cents to $94.31 a barrel.

West Texas Intermediate crude futures fell five cents to $88.40 a barrel, after hitting $98.37 a barrel, the highest level since Sept. 14.

The dollar's rise added to pressure on oil prices, amid statements from Federal Reserve officials (the US central bank) that the bank will continue to tighten monetary policy significantly and quickly.

Markets are awaiting a report on non-farm payrolls data in the United States later on Friday, with economists expecting 250,000 jobs added last month, compared to 315,000 in August.  LINK

The Service Council Clarifies The Procedures For Appointing 5 Categories Under Emergency Support[/Size]

Iraq   22:09 - 06-10-2022   Today, Thursday, the Federal Service Council clarified the procedures followed to appoint 5 categories covered by appointments under the emergency support allocations and the ministries' need, while stressing that the size of the financial allocation will determine the size of the numbers that can be appointed.

The council's president, Mahmoud Al-Tamimi, said, "The council moved to conduct the first appointment process of its kind targeting the holders of higher degrees and the first three for their colleges and departments."

He added, "In accordance with what was stated in the emergency support law and the Diwaniyah Order Committee / 35, which established the legal chain for the appointment of those covered, the Ministry of Higher Education and the rest of the ministries that have governmental colleges and institutes were obligated to send all the data related to them to the Financial Supervision Bureau to conduct the required intersection, and the requested was sent."

He continued, "After the Court conducted the required boycott, the names of those entitled were sent to the Federal Service Council, and the door was opened for objection to the implemented intersectional procedures, and priorities were rearranged according to the results."

He stressed that "the names were divided into 5 tables and categories, they are diploma and higher diploma graduates, institutes and colleges who have obtained bachelor's, master's and doctoral degrees. It can be employed and it is not possible to specify a specific number."

On the mechanism of appointment and division of those covered, Al-Tamimi explained that "a number of ministries indicated the size of their need for new employees, as well as those they want to transfer to the permanent owners of their contracts."    https://kirkuktv.net/AR/Details/9487

The General Secretariat Reveals The Developments Of The Ancient City Of Ur Project

Iraq   11:38 - 07-10-2022   Today, Friday, the General Secretariat of the Council of Ministers clarified the developments of the archaeological city of Ur project, and while confirming the completion of the field survey process for the city, it revealed two-pronged recommendations regarding the project.

The spokesman for the General Secretariat, Haider Majid, said, "The most important recommendations that came out of the various meetings of the ancient city of Ur were twofold. The first is the continuation of the Ministry of Culture in the process of maintaining and maintaining the ziggurat, as well as the continuation of the excavation process inside the ancient city."

Majid added that "the other part of the recommendations included the establishment of the tourist city of Ur, which will be outside the vicinity of the ancient city."

He pointed out that "Dhi Qar Governorate has completed the field survey process for the area and the allocated space, and it is in the stage of preparing designs for this tourist city," stressing that "the city will include a center for interfaith dialogue, a mosque, a church, a museum and a theater, in addition to hotel and residential complexes, green spaces and a recreational area up to ranks of world tourist cities.

He added, "The project will be referred to a company for implementation after the designs are completed and approved."    https://kirkuktv.net/AR/Details/9493

Ministry Of Electricity: The Interconnection Line With Jordan Will Support The Economy And The Investment Movement In The Country

Iraq   21:32 - 06-10-2022   Today, Thursday, Minister of Electricity, Adel Karim, identified the most important gains achieved from the connection with Jordan, and while he explained that it will be in 3 phases and will support the country's economy and investment movement, he revealed a move to launch new alternative energy projects next year, with a size of 5,000 megawatts.

The Minister of Electricity said that "the interconnection line project with Jordan consists of 3 phases, the first will provide 150 megawatts, the second 500 megawatts, and the third 900 megawatts. It is hoped that the line will be fully completed next summer."

He added, "The line will supply Al-Qaim district and neighboring areas with electric power as a first stage to end the problem of processing in those areas far from the generation and production centers, and the second phase will support the western region with electricity."

He added that "the third phase will witness linking the line with the Iraqi national network to support it as a whole," stressing that "the line will contribute to operating phosphate plants in Akashat in Anbar Governorate, encouraging local and international investment to establish other plants in the western region, especially in phosphates. It will also support the industrial zone project between Iraq and Jordan and support country's economy.

He pointed out that "Iraq has an ambitious plan to connect it to the electricity of neighboring countries such as Turkey and the Gulf states, and there are 4 lines with Iran, and Iraq wants to be a corridor for the global energy market between the Gulf and Europe through Turkey and vice versa, and the current line with Saudi Arabia will be completed within 30 months and it transfers energy according to a technology that allows transmitting energy for thousands of kilometres.

Regarding the cost of establishing the line with Jordan, he explained that "

With regard to alternative energy projects, Karim said, "The Ministry of Electricity has taken a big step in implementing 7500 megawatts of generation projects through solar energy as a first stage, in agreement with international and regional companies, and we will launch other projects with a capacity of 5000 megawatts next year."     https://kirkuktv.net/AR/Details/9486

Federal Immigration: Launching A Financial Grant For More Than 6 Thousand Families Returning To Their Regions

Iraq   15:55 - 10-06-2022  Today, Thursday, the Federal Ministry of Migration and Displacement announced the launch of a new financial grant to families returning to their regions.

The Minister of Migration and Displacement, Othman Al-Ghanimi, said, "The ministry has started launching a new financial grant amounting to one and a half million dinars, for families returning to their original areas of residence."

He explained, "The grant included 6,666 families," stressing that "the release of these amounts came after vigorous efforts were made in order to give these families their entitlement and improve their living conditions in light of the difficult economic conditions that surround them after their return from the displacement camps."

He stressed, "the need to expedite the completion of the transactions of the rest of the families to include them in the financial grants during the coming days, after the availability of sufficient funds for this matter."    https://kirkuktv.net/AR/Details/9474

Kirkuk Governor Reveals The Most Important Investment Opportunities In The Province

Economie| 09:13 - 06/10/2022   Baghdad - Mawazine News   Kirkuk Governor Rakan al-Jubouri confirmed today, Wednesday, that the opening of the province's airport will stimulate investment, while revealing the most important investment opportunities.

Al-Jubouri said, "The province of Kirkuk possesses sites with a special tourist vision in the Dibs district, as it represents an extension of the Zab River and the Altun Bridge district, which contains the banks of the Zab River," noting that "these sites are frequented by the citizens of Kirkuk constantly."

He explained, "The governorate contains historical sites such as Al-Qashla in the city of Kirkuk and the forests in the Dibs district, Hawija and the Riyadh district," stressing "the need to move towards investment projects in the governorate, especially as it witnesses security and political stability."

He added, "One of the most important ingredients to motivate investors in the province will be the opening of Kirkuk Airport to be a catalyst for facilitating travel to it and opening the door for local and foreign investors towards Kirkuk."

He called "all investors to go to the province and see investment opportunities, especially in the tourism sector." Ended 29 / p. 87    https://www.mawazin.net/Details.aspx?jimare=207530

Parliamentary Integrity Confirms The Theft Of Tax Funds That Exceeded (800) Million Dollars

Political | 08:09 - 06/10/2022  Baghdad - Mawazine News , a member of the Parliamentary Integrity Committee, Representative Ahmed Taha Al-Rubaie, confirmed that there is a theft in the revenues of the trust accounts belonging to the general tax in Rafidain Bank, which exceeds (800) million dollars, and no authority or entity can cover this theft or deny it in favor of the thieves of public money.

Al-Rubaie said in a statement that Mawazine News received a copy of it, “After we addressed the Ministry of Finance to provide us with the results of the investigative committees on the file of the loss of the revenues of the trust accounts belonging to the general tax in the Rafidain Bank, which is estimated at more than a trillion Iraqi dinars, and to indicate the real numbers of the amounts and suspects who They took the money illegally."

He added, "The ministry replied that it had formed an investigation committee to conduct the administrative investigation into the matter, and the investigation committee recommended precautionary recommendations regarding what they were changed in the investigation, because the loss of these huge amounts from the account of the General Tax Authority was during the period of their administration and under their direct responsibility and powers."

He continued, "The ministry is awaiting the judicial investigation, as the case is before the judiciary, which has a general mandate to protect public money."

Al-Rubaie indicated that the answers of the Ministry of Finance confirm the existence of this theft, and no party or authority can cover it up or even deny it.

Al-Rubaie called on government and regulatory agencies to “prevent the travel of some managers and senior cadres in the Tax Authority who have been changed until the end of the administrative and judicial investigation.”  Al-Rubaie demanded the Federal Integrity Commission, to "

https://www.mawazin.net/Details.aspx?jimare=207522

News, Rumors and Humor Saturday Afternoon 12-4-2021

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 4 Dec. 2021

Compiled Sat. 4 Dec. 2021 12:01 am EST by Judy Byington

Judy Note: No one really knew when liquidity for the Global Currency Reset would occur as it was a Military decision and they weren’t talking.

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

My feeling was that all Tiers would see liquidity sometime within this weekend, or if not, at least by Dec. 15th

Rumors:  The Chinese Elders-owned HSBC would lead the process starting with Shanghai Banking Corp. in Hong Kong. In the US redemption/exchange appointments would start in Temple Texas, not Reno.

As of Fri. morning 3 Dec. the new rate of the Iraqi Dinar had yet to show up on the Forex, though that was not surprising since the IMF controlled the Forex and had prevented the new Dinar rate from being published on Mon. 29 Nov. when it went international. 

http://www.xecom/currencyconverter/convert/?From=USD&To=CNY  https://www.msn.com/en-us/money/tools/currencyconverter

Global Financial Crisis:

Chinese govt summons embattled Evergrande founder. The construction giant has warned there is “no guarantee” it can meet financial obligations in a filing to the Hong Kong Stock Exchange.

China’s Evergrande says it received a $260 million guarantee Friday – which it might not be able to pay

Repayment date on its $300 billion debt may be pulled forward if it’s unable to meet obligations

The company, formerly China’s top developer, failed to pay coupons totaling $82.5 million due on Nov 6

It’s highly likely Evergrande will default on its obligations, even taking into account the 30-day grace period which is about to end.

Read full post here:  https://dinarchronicles.com/2021/12/04/restored-republic-via-a-gcr-update-as-of-december-4-2021/

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Courtesy of Dinar Guru

Frank26  [Firefly boots-on-the-ground Iraqi TV update]  FIREFLY:  We now see the special commercial.  It's on TV. We're watching it right now.  They're saying that the currency of Iraq is tomorrow's future...They say the special will run through the weekend.  It's at 9pm Iraqi time.  It's a 1 hour show...  FRANK:  IMO that means you are just a matter of moments away before they show you what they are talking to you about...  FIREFLY:  This morning they said all was complete and expected Iraq to be fully compliant sometime in early 2022.  Then he said the time is now until we guide Iraq to the stage of the international acceptance of our country's currency...  [Post 1 of 2...stay tuned]

Frank26  [Firefly boots-on-the-ground Iraqi TV continued]   FRANK:  ...IMO they have to show you what they're going to give you first and then give you the exchange rate either simultaneously or just shortly after they show you.  They can't just give these new currency note in your hands because you guys will not fully understand.  It must not fail with you.  Once that step has been accomplished they will show a new exchange rate.  IMO the new exchange rate will be more toward the end of the year closer to the beginning of next year or it will be given to you on the 1st... [Post 2 of 2]

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TNT:

Tishwash:  IMF Staff Concludes Virtual Visit to Iraq

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

The economy is recovering from last year’s sharp contraction, helped by higher oil prices and easing of the containment measures.

Non-oil real GDP is expected to rebound by 12 percent in 2021 while the fiscal and current account balances are expected to improve significantly.

Higher oil revenues present the opportunity to tackle Iraq’s significant vulnerabilities, strengthen resilience, and achieve durable and more inclusive growth. The IMF stands ready to support Iraq toward these ends.

Washington, DC: A staff team of the International Monetary Fund (IMF) led by Tokhir Mirzoev held a virtual mission with the Iraqi authorities during November 28 - December 2 to discuss recent economic developments and outlook as well as policy priorities in the period ahead.

At the end of the mission, Mr. Mirzoev issued the following statement:

“The Iraqi economy is recovering from last year’s sharp contraction, helped by the increase in oil revenues and easing of the COVID-19 containment measures. In recent weeks, new COVID-19 infections have declined significantly, and the vaccination rate has been gradually improving. Real non-oil GDP is expected to expand by 12 percent in 2021 and oil output is projected to gradually increase in line with the OPEC+ agreements. Inflation has reached 7.2 percent in September and is projected to ease in the coming months.

The fiscal and external current account balances are expected to improve significantly in 2021 from double-digit deficits in 2020, mainly due to higher oil prices. The recovery is expected to continue in the medium term albeit subject to considerable downside risks, most notably related to the oil market volatility and the COVID-19 pandemic.

“Higher oil revenues present an important opportunity to tackle Iraq’s significant underlying vulnerabilities, strengthen resilience to future climate and other challenges, and advance key socio-economic priorities. Achieving these goals will require strengthening public finances, while creating the fiscal space for much-needed investment and social safety nets and promoting private sector development.

To this end, key priorities include a civil service reform aimed at increasing public sector’s efficiency and containing the wage bill, reducing inefficient energy subsidies, diversifying fiscal revenues, stemming losses in the electricity sector, strengthening governance. Improving the coverage and targeting of social assistance will help better protect the most vulnerable.

And restructuring large state-owned banks and strengthening their governance will be critical to revitalizing the financial sector and ensuring private sector’s access to finance. The IMF stands ready to support Iraq in these endeavors.

“The IMF staff team would like to thank the authorities for candid and productive discussions during this mission.” ink

TNT:

Tishwash:  Iranian currency records a new collapse

On Saturday, the Iranian "riyal" recorded a new collapse after reports of the failure of the nuclear talks that concluded Friday, its sessions between Iran and international powers regarding reviving the nuclear agreement.

 Local news websites and centers concerned with foreign exchange affairs in the Tehran Free Market reported that the riyal recorded a collapse against foreign currencies.

The exchange rate of the US dollar against the Iranian riyal amounted to 301 thousand and 700 riyals, while the exchange rate of the euro against the riyal amounted to 342 thousand and 250 riyals, and the exchange rate of the British pound reached 400 thousand and 450 thousand Iranian riyals.

The failure of the nuclear talks between Iran and the "4+1" group in Vienna, which began last Monday, amid talk of Tehran and Washington's lack of optimism about this round, affected the price of coins in Iran.

"The dollar exchange rate in the market today hit a record high in 14 months," Mohammad Kesheti Arai, deputy head of the Tehran Gold Association, told the Iranian "Tijara News" website.

However, the Iranian government-run "IRNA" news agency wrote in response to the dollar's rise that pessimism about the outcome of the talks was "a line drawn by the enemies" and called for government intervention to balance the market.

It is not yet clear to what extent the dollar exchange rate in Iran will continue to rise, but in September of last year, the price of the dollar reached its peak at 320,000 riyals, after which the Central Bank was able, by injecting a huge dollar into the market, to reduce this figure to less than 210 thousand Iranian riyals.

 The seventh round of talks to revive the nuclear deal concluded in Vienna on Friday. In this round of talks, Iran presented two drafts that Western countries described as exaggerated and unacceptable.

 It was not clear when the eighth round of the Vienna talks would take place, but Western diplomats said: "If Iran does not show the necessary flexibility in the talks, the talks will fail."

 It is expected that the dollar exchange rate will continue to rise and the Iranian currency will depreciate, while the country's inflation rate has exceeded 50%.

 Last October, Iranian President Ibrahim Raisi called on the Central Bank and the Ministry of Economy to stop the growth of the exchange rate and devalue the riyal.  link

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Mot:  Red Skelton - Two Highway Patrolmen & Two Texans & Frogs.............

https://www.youtube.com/watch?v=NSFucXg-FzQ

Weekend Update with MarkZ 12-4-2021

Weekend Update with MarkZ 12/04/2021

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:  Hello Mark….good news I hope today…hubby wants to commit me

MZ: Not a lot of news overnight. I am still hearing they are pressing to move forward…maybe on the weekend….

MZ: I am hearing right now that CMKX, PP’s package deliveries scheduled on Sunday. That is what my contacts are expecting. From a credible source. These deliveries are settlements . If you are just a currency holder , it’s not as important to you. But if you are expecting a settlement …you will know about it.

MZ: Redemption Center people were on call but they did not get called to go into work today. My contacts were told they needed to be on call tomorrow.

MZ: They said they did work some last week….they were learning some new protocols and new ways to handle a few things. They also did some “dry runs” for exchanges……counting some currency ect….and making sure everyone was up to speed. That is very positive news .

MZ: Wish I had more news.

Member: I like the part about "counting some currency!"

Member:  There are only a few moves remaining on the chessboard. Is the RV waiting for 4 markers (e.g Death of Queen Elizabeth) to occur, before release?

MZ: I don’t believe we are waiting on the death of Queen Elizabeth to occur. I believe we may be waiting for a cascading event to come out of China ….That’s why we are seeing a slow roll out as they continue to keep people in place by paying them just enough to not leave. I think they are doing this on purpose so that when it does erupt….everyone is exactly where they need to be.

Member:  I guess all hell is supposed to break lose on the 15th at the Government and the Administration, I really hope so!

Member:  Bitcoin is crashing presently!!!!! Last night it was down 16.5% Get ready for market crashes.

Member:  A lot of things are crashing and it came sooner than I thought

Member: If Iraq paid the Kuwait war reparations of 1.47B with 400K IQD, that means by math, that the IQD value is $3.67 to 1 USD. How is that not showing up on Forex?

MZ: Because it has not gone fully international yet…..when it does I believe the rates will be even higher than that.

Member: Im new- what are rates going to be when it happens?

Member: Estimated: Dong - low to mid $2, Dinar - $4.81, Zim - .11-.36 without projects, up to .70 with projects (per million zim), Indo Rupiah $1.47 **************the estimated amounts I post are the generally accepted contract rates. Trying to be conservative but hopefully realistic

Member: Noone will know the exact rates until we are exchanging at the banks.

MZ: Here is the link to Dr. Shabibi in Iraq talking about how the dinar rate could be over $16-$20 dollars each.  

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

Member: Enjoy the rest of your weekend everyone….I hope it’s our last weekend broke!!

Matt from CBD Guru’s joins the stream at the end……Please listen to replay for all their information

The next stream is Monday  at 10Am est……..unless.

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

News, Rumors and Opinions Saturday Morning 12-4-2021

Holly Saturday Update:

Good morning roomies

We are in the final battle of good vs evil. There is a battle going on behind the scenes of epic proportions. We don’t see it or know the details but it is real.

This is why the Rv/Gcr has not been released. Only when it is safe and secure will it be released.

We don’t want our money released only to have it stolen.

So our patience is needed during the cleaning of the swamp.

Let’s get this over the line this weekend. Get excited about this, feel it and know it’s coming. Feel an excitement stir within.

We collectively can push this over the line! Let’s do it! We claim this now!

Emailed to Recaps: 

Scotty Brunswick:  Update for 2:22 folks: 

The world is experiencing a financial crisis instigated by a bankruptcy of the C see P’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. 

There was a major release last night and early this morning by the US Treasury that will bring forth the blessing. The Treasury now has completed all of their duties for this transition. We expect notifications in the very near future. Iraq paid Kuwait billions of dollars in war reparations.  

 From Iraq News Kuwait confirms receiving $1.47 billion in war compensation from Iraq. This means they must have the tradable currency. 

 What does that tell you? All done. 

 The D oh Dee will be giving the baton to the Milita ry for final release.  

 All currency tests are done. 

 Procedures and instructions are under control and are all in place. It is done! 

 Security codes and release codes are inputted into the algorithm. 

 We are waiting for the order to release. The order will come from the military to the treasury then to the big bank s and PM’s for dispersal.  

 Internet and everything will shut down with the change over. This is happening because the people around the world have been complacent with status quo. The world needs to shut down to educate everyone at once. There’s a reminder to back up all of our computers.

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Courtesy of Dinar Guru

Walkingstick  [via Guru Frank26]  In the 2022 budget the governor of the Central bank of Iraq and the prime minister Kazimi both are telling the Iraqi citizens we have a guarded secret that was well studied... What's in the '22 budget... what's in the white papers?  [the rate].

Pimpy  Article: "Kuwait confirms receiving $1.47 billion in war compensation from Iraq"  They're just about done with this...this is one of the things I believe is holding up the rate change...the remaining amount is $629 million.  Not bad at all.  It's less than half what they just paid.  They said this should be done by February which means all war compensation should be complete...This is a huge deal for Iraq and IMO helps them take another step closer to a bigger rate change when the time comes plus having their sovereignty reinstated...

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KTFA:

Samson:  International Monetary Expects A Recovery In Non-Oil GDP In Iraq

4th December, 2021

A report by the International Monetary Fund confirmed that the Iraqi economy is recovering from the sharp contraction that it witnessed last year against the background of high oil prices and with the easing of restrictions related to the Corona virus and the increase in vaccination rates.

And the British newspaper, The National, quoted in a report translated by the agency "Information", the Monetary Fund as saying that "the real non-oil GDP of the country is expected to recover by 12 percent this year, while the balances of financial and current accounts are expected to improve significantly, after contracting its officials held an online meeting with the Iraqi authorities regarding recent economic developments and upcoming policy priorities for the country.”

He added, "Inflation in Iraq reached 7.2 percent last September and is expected to recede in the coming months, and it is expected that public finance balances and external current accounts will improve significantly in 2021 from a double-digit deficit in 2020, mainly due to higher prices. oil.”

He added, "Iraq invests $3 billion annually to shift from liquids to gas power generation, while high oil revenues represent an important opportunity to address Iraq's major fundamental weaknesses, and enhance resilience in the face of the future climate and other challenges."

It is reported that "Iraq, the second largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), depends on oil revenues to cover 90 percent of government spending, including $5 billion as a public sector wage bill every month."   LINK

<

Iraqi Dinar update for 12/04/21

Dec 4, 2021

https://www.youtube.com/watch?v=uZGK4jhXZNo

Lynette Zang: Gold Up 5,500% In Looming Reset

As Good as Gold Australia:  Dec 4, 2021

In this intriguing interview, Brian and Darryl Panes from As Good As Gold Australia chat with Chief Marketing Analyst at ITM Trading, Lynette Zang.

The world is swimming in debt and the FED is powerless at this point to reverse a failing economy. It is indeed, out of bullets!

 Over the last 20 years, gold has performed admirably, and will rewards its loyal supporters even more so over the next twenty years.

How about a 5,500% increase in a destined reset?

The FED has taken the M1 money supply as of the beginning of 2020, of $4 trillion to a present day total of $20 trillion. An increase of 420% in twenty months.

 Can inflation be controlled from here? Is evil the root of all fiat money?

Lynette's answer is fascinating. Why do central banks hold gold? The answer raises the obvious question.

 If central banks own gold, then why shouldn't we?

Owning gold (real money) provides the holder with more options in a failing economy. Now more than ever, one needs to protect their wealth against the real risk of a looming hyper-inflationary global phenomenon.

Lynette Zang: Gold Up 5,500% In Looming Reset

As Good as Gold Australia:  Dec 4, 2021

In this intriguing interview, Brian and Darryl Panes from As Good As Gold Australia chat with Chief Marketing Analyst at ITM Trading, Lynette Zang.

The world is swimming in debt and the FED is powerless at this point to reverse a failing economy. It is indeed, out of bullets!

 Over the last 20 years, gold has performed admirably, and will rewards its loyal supporters even more so over the next twenty years.

How about a 5,500% increase in a destined reset?

The FED has taken the M1 money supply as of the beginning of 2020, of $4 trillion to a present day total of $20 trillion. An increase of 420% in twenty months.

 Can inflation be controlled from here? Is evil the root of all fiat money?

Lynette's answer is fascinating. Why do central banks hold gold? The answer raises the obvious question.

 If central banks own gold, then why shouldn't we?

Owning gold (real money) provides the holder with more options in a failing economy. Now more than ever, one needs to protect their wealth against the real risk of a looming hyper-inflationary global phenomenon.

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

We are Headed to a Global Financial Reset

Pull your Money out of The Banks , As we are headed for a Global Financial Reset

The Nomad Economist:  Premiered 25 minutes ago

The New York Fed Adds another $115.14 Billion in Short-Term Liquidity to Markets . Additions include $80.14 billion in overnight repurchase agreement and $35 billion 14-day repo.

The federal reserve is nothing but a loan shark for the deficit spending government. It’s the government’s fault for all this monetary mess, not the banksters. They’re just profiting from the control of money creation and all assets traded in the stock, bond, and commodity markets.

Get out of the casino and get into silver hoarding or use your dollars to buy real hard assets like farmland , real estate and gold . It’s the only safe plan in preparation for the coming dollar collapse. Period.

Expect a trigger event in the coming months for a global re-set .

Some say that the economy is excellent, but rail, trucking, autos, and credit burdens tell a very different story. Another Report says that the largest bank in the world, JP Morgan, has reconfigured its entire portfolio in order to take advantage of Federal Reserve liquidity injections (Repos); despite destabilizing the system by no longer participating in inter-bank lending that banks usually do among themselves without the Fed.

And Deutsche Bank is rumored to be already declared bankrupt. The banks don’t trust each other or are out for themselves like JP Morgan , or are failing like Deutsche Bank. But yet American public is not purchasing American Silver Eagles like years ago but are continuing to trust the banks.

The public is asleep!

The Federal Reserve cannot borrow or create the amount of currency needed to continue its operations fast enough. What is going on? What are they afraid of? It appears that JP Morgan had the narcotic proceeds confiscated, and to cover their cash losses, they raided the REPO holdings and drained the pool.

 The actions of one bank have forced/excused the Federal Reserve's attempts to bail. Watch closely as the Federal Reserve Balance Sheet balloons to at least $8 Trillion, while the Gross National Debt climbs above $33-35 Trillion over the next 12-18 months.

THE INCREASE IN DEBT IS MONEY THE BANKERS OWE TO AMERICAN CITIZENS. The bankers are all criminals. They get away with stealing wealth from the people.

Those in charge of protecting the people are just as guilty. The only winners are those who convert FED debt notes into real money, silver, and gold. In the past two days, JP Morgan has lopped one dollar off the spot price of silver. Two massive episodes of naked shorting.

I see it this way; it’s like a bookie who only takes eight bets on the team that they know is going to lose and two on the winning team, on a game that they see the outcome of.

They get to keep 60% of the take every time. The same way the algorithm is programmed to reap the profits from futures and options trading. Price fixing.

All in the guise to keep the dollar worth something in world markets. Every country playing the dollar game gets robbed blind. When will they learn?

Investors have nothing until they cash out and convert their FED debt notes, to pay in full tangible assets.

https://www.youtube.com/watch?v=SKvoIa-LSE8

KTFA Members “News and Views” Saturday 12-4-2021

KTFA:

Samson Iraqi intelligence thwarts an attempt to smuggle the director of the Ahli United Bank through Baghdad airport

4th December, 2021

An informed security source said, on Saturday, that the Iraqi intelligence service thwarted an attempt to smuggle the director of the Ahli United Bank through Baghdad Airport.

The source told (Baghdad Today), "The Iraqi intelligence service managed to thwart the attempt to smuggle the director of the Ahli United Bank through Baghdad International Airport."

He added, "The smuggling attempt took place in exchange for sums of money, but private information from the Iraqi intelligence service led to the arrest of the director."

And he added, "The aforementioned person has been subject to travel ban orders due to financial embezzlement through forged instruments." LINK

DeepWoodz:  A financial official reveals the dollar exchange rates in the 2022 budget

12/04/2021 10:15:14

The former director of the Financial Supervision Bureau, "the dollar exchange rates remain unchanged in the 2022 budget."  LINK

IMO Investopedia : Dual or Multiple Exchange Rates

snippet…

When faced with a sudden shock to its economy, a country can opt to implement a dual or multiple foreign-exchange rate system. With this type of system, a country has more than one rate at which its currency is exchanged. So, unlike a fixed or floating system, the dual and multiple systems consist of different rates, fixed and floating, that are used for the same currency during the same period of time.

In a dual exchange rate system, there are both fixed and floating exchange rates in the market. The fixed rate is only applied to certain segments of the market, such as "essential" imports and exports and/or current account transactions. In the meantime, the price of capital account transactions is determined by a market-driven exchange rate (so as not to hinder transactions in this market, which are crucial to providing foreign reserves for a country).

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The use of multiple exchange rates has been seen as an implicit means of imposing tariffs or taxes. For example, a low exchange rate applied to food imports functions like a subsidy, while the high exchange rate on luxury imports works to "tax" people importing goods which, in a time of crisis, are perceived as non-essential. On a similar note, a higher exchange rate in a specific export industry can function as a tax on profits.

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Samson:  Corruption Topples Directors Of Departments And Departments In Diwaniyah

4th December, 2021

Diwaniyah Governor Zuhair Ali Al-Shaalan revealed, on Saturday, the dismissal of directors of departments and divisions due to financial and administrative corruption that has exhausted citizens, while stressing that the local government still gives the file of providing basic services that citizens need a priority.

Al-Shaalan said in an interview seen by "The Information", that "the local government still gives the file of providing basic services that the citizen needs a priority in its work program," noting that "the service departments continue to implement self-effort campaigns that include improving the level of services in residential neighborhoods.

He added, "It was agreed with the Italian ambassador to provide adequate facilities for Italian investment companies wishing to experience the investment in the province, including the implementation of irrigation projects, in addition to achieving advanced steps with the State of Sweden in activating investment by attracting its companies to obtain various investment opportunities, especially in the agricultural sector."

He pointed out that "a great success has been achieved in implementing the partnership experience between the province and the State of Sweden, which culminated in the announcement of Diwaniyah as the first Iraqi province to adopt electronic government in the field of money," stressing "the existence of a well-thought-out plan by the local government aimed at achieving a breakthrough in openness to developed countries to benefit from their capabilities and expertise to improve The economic and urban reality.

Regarding the agricultural issue and the repercussions of water scarcity, Al-Shaalan said that “the problem of water scarcity is dangerous for farmers and their families on the one hand, and the local market and citizens on the other hand,” noting “the need to implement modern irrigation projects that ensure that quantities of water reach the areas covered by the agricultural plan, in addition to the implementation of many Drilling works, cleaning streams and rivers, and implementing a large number of agricultural violations to preserve the water quota.

In the field of confronting financial and administrative corruption, Al-Shaalan said: “The local government has taken strict measures to eliminate administrative and financial corruption that has exhausted the citizens, as the measures related to oversight have been intensified remarkably and many directors of departments and departments have been dismissed due to corruption, negligence or negligence and others. The outlets concerned with citizens’ complaints and reported cases of corruption were activated to address it as soon as possible.”   LINK

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Samson:  Al-Kazemi’s advisor clarifies the details of the proposed sovereign wealth fund

4th December, 2021

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, today, Saturday, the details of the proposed sovereign wealth fund to be established in Iraq, while specifying the entity responsible for its management.

Saleh told the Iraqi News Agency (INA): "The world's sovereign wealth funds were established at least 6 decades ago and were built on the fact that the returns from the resources of the countries producing and exporting raw materials as financial surpluses have become an important part of capital wealth that can be invested, maximized and continuously increasing instead of consuming it with budgets. Large operational budgets in general annual budgets are mostly unproductive.”

He added, “The philosophy of defining those returns from raw resources such as oil and other depleted natural wealth is not necessarily for consumer spending, but rather it is a capital asset in itself, which requires their sustainability and maximizing their growth by investing for the benefit of the nation in a deep cumulative way for wealth itself and across generations, and based on that and in order to serve capital assets.

The current resulting from the revenues of raw materials, including oil wealth, the majority of the oil-producing countries in particular have established sovereign investment funds from their surpluses from oil revenues and employed them as capital in various investment assets, whether financial or real and generating income to increase the capital in them as a growing wealth for the benefit of the people “.

He continued: “Therefore, double returns in the form of income will accumulate within the investment of the resources of these sovereign funds in the form of an expanding capital wealth, realizing at the same time that the sovereign fund is an investment fund in nature, and thus the sovereign fund goes to a lofty goal, which is to maximize the nation’s depleted resources for the benefit of sustainable development goals from during the intergenerational continuation of economic prosperity.” He stressed that "the current generation should provide supplies for sustainable welfare for the next generation and in accordance with the best investment practices for the assets that will be included in the sovereign investment portfolio and within the framework of the sovereign wealth fund itself," explaining that "the sovereign wealth fund is often managed by the executive authority as a direct sovereign entity. And in cooperation between the country’s financial and monetary authorities, and the performance of the sovereign fund is monitored by legislators in the House of Representatives within the country’s legislative assets and control rules.”

He pointed out that “one of the most important themes that were discussed on the subject of the Iraqi sovereign fund in a symposium he held at the House of Wisdom last September focused on the dilemma (How can a deficit economy over the last 40 years establish a sovereign wealth fund?… Sovereign funds are a phenomenon that has emerged.” in surplus economies in general).
And he added: “The answer to this question is the adoption of a sovereign wealth fund directed to real investment inward within the framework of exceptional strategic economic and social development and in a different administrative style, which requires the presence of the state’s economic sovereignty again in the management of the economic project by moving the idle projects and idle wealth of the public and private sectors, that is, in partnership with the market and foreign investment, and this will lead to moving and developing the national economy and transforming it into an economy of sustainable surplus on investment activities that lead to diversification of the sectors of the economy.”

He noted that "the proposed inward-oriented sovereign fund is managed through a system similar to holding companies, as it was noted that the existing 80 sovereign funds around the world differ from state to state and from fund to fund."

He concluded his speech by saying: “In order to avoid legislative difficulties, it was proposed that the Iraqi Fund for Foreign Development in the Iraqi Ministry of Finance be the legal basis for managing the next sovereign wealth fund for Iraq after agreeing on the style, model and nature of the fund, whose money will necessarily be from the state’s wealth outside the general budget, mostly and in partnership financial and administrative with the natural and intangible wealth of persons.  LINK

Samson:  For the first time since the Abbasid era... Will Iraq witness a majority government free of interference?

4th December, 2021

The British "Middle East Monitor" website concluded in a report that the last time Iraq was free of external interference was during the Abbasid era, indicating that if the majority government was formed "neither Western nor Eastern", it would be the first in Iraq's history Contemporary as "independent".

And after the British report, translated by Shafak News Agency, pointed out that Iraqi patriots naturally demand that their country be free of foreign interference, which was expressed about the increasing political influence of Iran, as well as through perceptions of Iraq as a client state of the United States, he added that Iraq Since its recent history as a state, it has not really been an independent state.

The report indicated that it is possible to go back in history to pre-modern history, specifically to the Abbasid Caliphate (750 AD - 1258 AD) in the region that represents Iraq today and which was truly independent.

Despite this, the report pointed out that the Abbasid rulers were eventually marginalized and turned into a mere symbolic force in name only, with the real authority ceded to the dominant princes and ministers from the Persians and Seljuk Turks, as a result of the destabilization of the Abbasid rule starting in the middle of the ninth century.

The report explained that after a series of conquests and rule by successive dynasties, from the sixteenth and early seventeenth centuries, Iraq, especially Baghdad, changed control over it between the competing Ottoman and Safavid empires, and Iraq became a buffer zone between the Sunni and Shiite powers in the Middle East.

He continued, "When the Ottomans recaptured Baghdad and most of Iraq from the Safavids for the second time during the year 1638, it did not return to Persian control again, and remained under the control of the Ottomans until it fell under British rule in 1918 during the disintegration of the Ottoman Empire after World War I." .

The report added that an Iraqi kingdom was formed in the face of the revolutions across the country against the British mandate in 1920, a year later under the rule of the "foreign" King Faisal who was appointed by the British, in light of the concentration of power in the hands of the educated minority Sunni elite, as was the case in the era of The Ottomans.

After noting that the supposed "independence" of the kingdom from Britain did not occur until 1932, the report considered that "this does not mean that it was a sovereign country, since Britain, which intervened during World War II due to a pro-Nazi coup in 1941, restored The inauguration of King Faisal,” and the monarchy continued until the 1958 military coup that consolidated Iraq as a republic and declared the end of British influence in the country.

The report considered that Abdul Karim Qassem, the leader of the "July 14 Revolution", became the first prime minister of the republic, and it can be said that he was the first independent leader of contemporary Iraq.

The report saw that Abdul Karim Qasim's decision to withdraw from the pro-Western Baghdad Pact, establish stronger relations with the Soviet Union and rely heavily on the support of the Iraqi Communist Party, quickly contributed to its downfall, driven by resentment by Arab nationalists and the outbreak of a Kurdish revolution.

He considered that "there was no one more concerned than the United States, which had begun to show more interest in the region at the height of the Cold War, and the CIA had planned to assassinate Qassem, with a failed attempt in 1959, in which they participated, Saddam Hussein, the young man from among a group From five other Ba'athists, then Qassem was overthrown and executed in 1963 after the Ba'athist coup suspected of being supported by the CIA.

While the report referred to the beginning of Saddam Hussein’s reign in power, the outbreak of the revolution in Iran, and then the beginning of the Iraq-Iran war, the report pointed out that Iraq was again a buffer zone of some kind, this time, with the support of the West and the Gulf sheikhs, to serve as a Sunni fortress against Iran's threat to export its revolution in the region.

After the US invasion of Iraq in 2003, the report said that for the first time in its modern history, power shifted to the Shiite majority, and the government sided with Iran, which welcomed the removal of Saddam and glimpsed an opportunity to exercise its influence in the country. He noted that "the issue of Iraq's sovereignty and weakness as a state has remained a constant aspect of the post-2003 era," explaining, for example, that Turkey and Iran have repeatedly launched air strikes against Kurdish militias in the north. He pointed to Iran's role in supporting the Popular Mobilization Forces to counter the emergence of ISIS and its control over 40% of Iraqi lands, defeating it regionally and preventing it from reaching Baghdad and the important Shiite shrine cities in the south.

After pointing out that there was a question about the reason for the existence of the US embassy complex, the largest in the Vatican, and the largest in the world, the report considered that events show that "Iraq is still not an independent country since it gained independence and is still highly vulnerable to foreign interference in its affairs," recalling an assassination attempt. Prime Minister Mustafa Al-Kadhimi.

The report concluded by noting that after Muqtada al-Sadr's meeting with the Shiite forces that challenged the election results, al-Sadr said on "Twitter" that the next Iraqi majority government would be free of foreign interference. The report stressed that "if this turns out to be true, it will be unprecedented in the contemporary history of Iraq."  LINK

“Vietnam News” Posted by Samson Friday Night 12-3-2021

KTFA:

Samson:  Vietnam : MSB signs strategic co-operation with Swiss Kaleido Bank

30th November, 2021

The Việt Nam Maritime Commercial Joint Stock Bank (MSB) and Kaleido Bank officially signed a strategic co-operation agreement on developing Private Banking activities in Việt Nam in Bern, Switzerland on Friday.

The event is the starting point in the relationship between the two sides, as well as a new step for MSB to optimise business efficiency. The signing ceremony was under the framework of Việt Nam - Switzerland high-level Business Forum.

Under the co-operation agreement, Kaleido Bank will provide consulting support for MSB in the fields of market research, customer experience enhancement, product design, sales strategy development, investment in technology development and attracting talent.

As for MSB, with the advantage of being the first joint stock commercial bank in Việt Nam, the bank will provide Kaleido Bank with information about the domestic banking market so that it can easily grasp and understand the needs of target customers.

In addition, the combination of MSB and Kaleido Bank promises to bring outstanding values ​​to Private Banking services, such as helping customers manage assets, making profitable investments, and providing information about investment opportunities.

In the near future, MSB is expected to introduce to the market exclusive privileges for this group of customers, delivering a premium financial experience beyond expectations and setting a different standard for banking services.  LINK

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Samson:  Vietnam : PM chairs meeting on national digital transformation

1st December, 2021

Digital transformation has been and will be playing a crucial role in economic recovery, virus containment, global integration and Việt Nam's standing in the international community, said Prime Minister Phạm Minh Chính during a videoconference discussing the country's digital transformation process.

Minister of Information and Communications Nguyễn Mạnh Hùng said the Government is to lead the way with investment in research and development and new policies to create a market for digital business activities.  "In a fast-changing and hard-to-predict world, our best move is to invest in small gains that are part of a long-term vision for the future," said the minister. 

The country has set a target to become one of the top 30 countries in the world in digital access with the vast majority of its population to gain access to mobile devices and the internet in the near future. 

Tô Lâm, minister of public security, said his ministry has nearly completed the digital national citizen ID database, a cornerstone for the next steps of the digital transformation process. 

Governor of the State Bank of Vietnam Nguyễn Thị Hồng said investments in digital transformation projects have reached VNĐ15 trillion (US$661 million) annually. Up to 90 per cent of the country's banks have established and operated their own digital banking systems.

Agriculture is to benefit enormously from the process, according to Minister of Agriculture and Rural Development Lê Minh Hoan.  "It's high time for the country to start collecting, analysing and managing agricultural data. The ministry's 5-year plan for 2021-25 will introduce digital categories including digital agricultural villages and farmers," Hoan said. 

A representative from the northern province of Quảng Ninh, one of the front runners in digital transformation among localities in Việt Nam, said it's time for the country to offer more incentives to attract and encourage skilled workers to join the effort. 

Speaking at the videoconference, the PM said digital transformation is the next step of the country's socio-economic development and therefore requires the whole political apparatus to move in the same direction. The process's focal point is to support the population and the economy with sound strategies and policies to deliver benefits to all. 

"The three pillars of the transformation process are digital government, digital economy and digital society with an emphasis on a robust relationship between the public and the private sector," said the PM. 

He instructed ministries and agencies to build decrees related to digital transformation, including electronic identification to protect personal data, regulations on the management and operation of the national database on population, among others, to submit to the Government.

The PM hailed ministries, agencies and localities for their achievements in digital transformation, especially in three pillars of digital government, digital economy and digital society. At the same time, the PM pointed to outstanding shortcomings in the field, such as a low ranking in terms of e-Government, the incomplete legal environment for e-Government and slow progress of building national and specialised databases.

Việt Nam is among some of the first countries to issue national guidelines and strategies on digital transformation.The country was named the top riser in East Asia and the Pacific in the 2021 rankings compiled by the European Center for Digital Competitiveness during 2018-2020.

Between 2022 and 2025, the Government set the goal of meeting 53 criteria for digital government, digital economy and digital society.    LINK

Samson:  Accelerating digital transformation towards a digital Việt Nam

2nd December, 2021

An online event of the Việt Nam Digital Transformation Summit - Việt Nam DX Summit 2021 officially opened on Wednesday.

The event is organised by the Việt Nam Software and IT Services Association (VINASA) in collaboration with the Việt Nam National Institute of Software and Digital Content Industry (NISCI).

The summit gathered more than 80 speakers who are leaders, industry experts and more than 8,000 delegates sharing and discussing at 11 thematic sessions focusing on the hottest issues in digital transformation of key industries such as finance and banking, healthcare, agriculture, transportation-logistics, real estate, industrial production and information security.

Nguyễn Văn Khoa, chairman of VINASA, said that the event was held with the expectation of creating an annual forum for exchanging knowledge and practical experience, connecting supply and demand in digital transformation, contributing to accelerating Việt Nam to become a developed digital country.

Speaking at the event, Nguyễn Huy Dũng, deputy minister of Information and Communications, emphasised that digital transformation has become an inevitable trend and a new driving force for socio-economic development, contributing to the fight against the COVID-19 pandemic and to economic recovery.

Digital transformation had initially achieved some clear results, especially in terms of awareness and made remarkable progress in almost all public and private sectors and industries in the past two years. However, Deputy Minister Dũng also acknowledged that there were still many problems that needed to be solved in order to continue implementation.

Therefore, the Việt Nam Digital Transformation Summit will be a good opportunity for ministries, branches, localities and businesses to exchange, discuss and propose solutions to accelerate the digital transformation process in Việt Nam. "To be able to go faster on the national digital transformation journey, the Ministry of Information and Communications commits to accompany ministries, local sectors, businesses and the community in the digital transformation process," Dũng said.

Also at the summit, VINASA will announce a Digital Transformation Guide Frame for SMEs and industrial manufacturing enterprises. This is to help SMEs and manufacturing enterprises in Việt Nam approach and implement digital transformation methodically, specifically, and directly connect these businesses with digital technology enterprises.   LINK

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Samson:  President Phúc wishes to lift Vietnam-Russia trade by 15 times from current $5 billion

2nd December, 2021

President Nguyễn Xuân Phúc has asked ministries, agencies and businesses of Việt Nam and Russia to seek ways to lift two-way trade by 15 times from the current US$5 billion and tripling investment in the near future.

Addressing the Việt Nam-Russia Business Forum that drew 80 firms from both sides in Moscow on Wednesday, Phúc said Việt Nam is one of the 20 most successful countries globally in terms of foreign direct investment attraction.

He suggested Russian firms study more about the Vietnamese market and vice versa to achieve better results and reach bilateral trade levels commensurate with the traditional, profound relations between the two countries.

The President affirmed that Việt Nam will try to build stable and predictable policy and institutions, adding that he requested Vietnamese localities and ministries, especially the Ministry of Planning and Investment, to coordinate effectively to attract capital flows and formulate ideas to create momentum in trade and investment.

As room for bilateral economic cooperation remains large, trust in political, diplomatic and economic ties will open up new chapters in the near future, he said, adding that the two countries’ authorities need to work closely together to deal with existing obstacles. The success of Russian investors is the expectation and pride of Việt Nam, he stated.

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, for his part, said Russian and Vietnamese firms need to capitalise on advantages from the Free Trade Agreement between Việt Nam and the Eurasian Economic Union, adding Russian companies are interested in investing in Việt Nam.

Entrepreneurs at the event expressed their willingness to invest in each other on the back of the two nations' long-standing ties as well as opportunities and incentives offered by each country.

A new direct route between Việt Nam and Moscow, Russia, conducted by Vietjet was also announced at the forum, along with several other deals, including a tripartite agreement between HDBank and the International Chess Federation and Việt Nam Chess Federation on 10-year support for the World Ches Championship.  LINK

Friday Evening Update With MarkZ 12-3-2021

Friday Evening News with MarkZ 12/03/2021

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: Any CMKX news today?

MZ: I am hearing there is a potential for deliveries on Sunday Night. And that those involved in those deliveries will be on call starting Sunday Afternoon. That is what I was told.

MZ: I have not seen any money movement over the afternoon but did speak with some HSBC contacts. The meetings went exceptionally well. The meetings were about they are now carrying a heavier load with the exchange and rollout of 4a and 4b is what I am told. They are now picking up some of the slack from an undisclosed bank who has not been doing its part….That’s what I was told that the meetings went very well and we are in an “any moment” scenario.

MZ: To me “any moment “ could be a week…it could be January…it could be this evening. I should get updates from Europe and the middle east before tomorrow’s stream at noon.

Member:  The people in banks are going to forget their training if it lasts much longer..............

Member: Are redemption center folks working this weekend?

MZ: They are on call. I will know by noon tomorrow if they are working or not. Hopefully we will have tremendous news from exchange centers, or it will have already occurred!.

Isaac: Hello …things are moving forward but this week no liquidity , looks like next week German bonds and some yellow dragons will start , keep you posted any new information .

Member: HELLO ALL! Hearing it'll be TOMORROW & SUNDAY... Can't CONFIRM but... reliable source

Member: Did I understand Mr. C right this morning that the roll out of the lower denominations will not affect us with dinar because we are covered by something else?

MZ: I think they are saying they are different cogs of the same machine.

Member:  I think the Russia/Ukraine China /Taiwan at same time will be event

Member What is the word on the Vietnamese dong?

MZ: Still expecting it to go into the $2 range. And it will go at the same time as everything else..

Member: What is the Indonesian Rupiah rate?

MZ: I am told it will be about $1.47.. of course nobody will know for sure until we get there.

Member:  is the 100,000 bolivares still any good

Member:  BOLIVAR UPDATE: When Venezuela swapped the Soberano for the Fuertes, The Soberano was GOLD Backed.!

Member: I hear 1:1 Bolivar for newest, issued in Sept. after they asset-backed. NOT for the Soberanos.

Member: I have a question.. People a year ago have turned in currency signed nda and havent gotten their money .. waiting on rv.. so Did we miss our chance for a call?

Mod:  YOU DIDN’T MISS THE RV OR EXCHANGE… NO

Member: Why hasn’t the market crashed yet??? thought there was no money??

Member:  Wasn’t today the day the USA became bankrupt?

Member: The senate voted to extend last night

Member: Wall Street is propping up Evergrande

MZ: China is still imploding. …besides Evergrande there are 2 other big real estate firms that are imploding.

Member: The markets have been doing a dead cat bounce.

MZ: Yup…..they have been shocking it with the paddles even though its been dead for weeks.

Member: Thank you all for sharing tonight…..hoping for big news tomorrow for us all!

IN CASE U MISSED IT - Dinar: Dr. Shabibi answering revaluation and redenomination questions https://www.youtube.com/watch?v=ol8wve53-ME

Please listen to replay for all the information

The next stream is tomorrow at Noon 12 pm est……..unless.

https://www.youtube.com/watch?v=BPgGCsrRqk4

More News, Rumors and Opinions Friday PM 12-3-2021

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

TNT:

IMF: Zimbabwe Not Eligible For Debt Relief Until After Paying World Bank Debt - The Zimbabwean

(12/2/21)

The International Monetary Fund (IMF) has said Zimbabwe will not qualify for a special debt relief programme until it pays off its debt to the World Bank (WB).

The southern African country has cleared its debt with the IMF but still owes the WB US$1.52 billion.

IMF spokesperson Gerry Rice told a media briefing in Washington that Zimbabwe does not qualify for debt service suspension. Rice said:

Zimbabwe is currently not eligible to make a request for debt relief under the Common Framework because of its arrears to the World Bank. Once the conditions for international re-engagement are in place and arrears to the bank, the World Bank, are resolved, what I can tell you is we believe the common framework could be a useful option to address Zimbabwe’s debt difficulties and of course for its part, the international community requires improvements also in domestic political conditions and economic policies to initiate re-engagement.

The common framework refers to an IMF initiative endorsed by the G20 and Paris Club that coordinates official creditors to provide debt treatments when they are needed by developing countries eligible for the debt service suspension.

In November 2020, G20 finance ministers and central bank governors agreed to the “common framework for debt treatments beyond the debt service suspension initiative”, which was also endorsed by the Paris Club.

However, due to its unsustainable debt and poor repayment record, Zimbabwe has been excluded from the initiative.

In November, an IMF team led by Dhaneshwar Ghura held Article IV meetings with authorities in Harare during which the lender said the threat to the country’s growth plans remained an unsustainable debt.

Last week, the government said external debt increased to US$13.7 billion in September, over half of Zimbabwe’s gross domestic product, from about US$10.7 billion last year despite paying US$44.2 million to external creditors.

https://www.thezimbabwean.co/2021/12/zimbabwe-not-eligible-for-debt-relief-until-after-paying-world-bank-debt-imf/

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Courtesy of Dinar Guru

Frank26   [Firefly boots-on-the-ground Iraqi TV update]  FIREFLY: They're talking about the old currency again...the ones from the 1940's...they're saying how the new currency will support a true dinar rate as long as Iraq enters the global markets...they're telling us about deals with foreign countries...and they must have a strong dinar to have these deals with these foreign countries because Iraq will be a centerpiece in the Middle East...  FRANK:  The CBI is trying to explain to you why you need this new currency because it has to match the new math that they're trying to explain to you... [Post 1 of 2....stay tuned]

Frank26   [Firefly boots-on-the-ground Iraqi TV update]  FRANK continued:  the new exchange rate of 1 to 1 against the American dollar and not the sanctioned program rate of 1190 because that does not mathematically work with the new small category notes that they are about to give you.  This is a wonderful step in your education because IMO it is putting you in a position to receive them now...IMO you're going to see them before they officially give you the new rate so that you are prepared for the budget at the beginning of next year.  They are showing you again this week the old small category notes from the 1940's because they want to make sure you understand that they will be looking almost like the ones that they're going to hand out to you... [Post 2 of 2]

(Alert). IMF Warns Of ECONOMIC COLLAPSE. Fed. Warns Of INFLATION SHOCK. IS ANOTHER CIVIL WAR COMING?

Greg Mannarino:  Dec 3, 2021

https://www.youtube.com/watch?v=UJ1kPa3Zpkw

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Jeff Clark: Why is Silver so Cheap Compared to Other Commodities?

Dec 3, 2021

Jeff discusses his recent article on silver in which he compares silver to other asset classes' performance since 1980. Silver and sugar are the only ones that remain below their 1980 peak.

Everything else today is overvalued and this will change when the mainstream returns to this market. He says, "Focus on what you can control." Jeff explains why the Hunt Brothers had a minimal effect on the silver market in the 80s.

This was a time when everything was responding to monetary events as every asset was rising in price. Gold and silver are money because they hold their value for centuries.

In contrast, just consider the loss of purchasing power of the dollar since the year 2000. Jeff estimates that the 1980 silver price adjusted for inflation should be in the $250 range.

History shows that silver is often stagnant for two to three year periods but then the price rapidly spikes higher. We don't know precisely when but another spike is inevitable.

 Jeff prefers to have physical possession of metals since the possibility of a massive economic catastrophe will persist. It's best to avoid counterparty risks.

Mining stocks are more of a leverage play on metals but one should be aware of the risks. Miners remain underappreciated and overlooked due to the prices of underlying metals. This is one area where there remains an excellent opportunity for investors.

Most metal investors were skeptical of the transitory inflation narrative. Now the Fed has abandoned that theory and is anticipating more persistent inflation. There is also evidence that we could move into a deflationary or stagflationary environment for a time.

When the next crisis hits gold will fulfill its primary function of preserving wealth.

https://www.youtube.com/watch?v=C6CQsXG7HqQ

Economists views on the Market Crash, Inflation, The Fed and more 12-3-2021

Ray Dalio: The Market Already Crashed. You Just Don't Know It Yet...

Freenvesting:  Dec 3, 2021

During a recent Ray Dalio interview, the billionaire warns investors about keeping their money in cash saying that it’s not a safe investment: inflation is real.

Dalio shares his perspective on how to value the stock market today - “fool’s journey”.

He elaborates on the dollar, interest rates, increased liquidity, investing in China, market crash, historical similarities to the present economic situation and many more exciting things for all of us to learn from!

https://www.youtube.com/watch?v=J7VUE94ZrRo

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The Atlantis Report

What Will Happen To Inflation In 2022?

Dec 3, 2021

Thirty trillion dollars in debt, massive deficits, and huge consumer debt, including mortgages. Put the interest rate up 1%, and you will have a calamity.

Inflation will continue to double digits at least. There is no way the FED can tighten. The FED is the reason the economy is in a train wreck.

Rates should be in the 5-7% range. Stop encouraging debt over savings. We can't taper a Ponzi Scheme. There’s a massive supply chain and excess money supply problem now. This wasn’t the issue last March.

They are trapped and in a lose/lose situation. A 1% increase on the federal debt would cost more than a thousand aircraft carriers. The Federal Government is just like a lot of our "zombie" companies. We Have to borrow money just to make the "interest" payment on our debt, never mind paying down the principal.

They couldn't afford to raise the rate even if they wanted to. It's really not looking very good for us as a country, particularly when the rest of the world finally figures it out and starts "cashing in" the US treasury bonds that they hold.

This has been coming for a long time, and now it's arrived. Nicely summed up in a few sentences. The next rate move will be into the negative.

We know the FED has a mission and they will not stop, period. Their goal is to be the buyer and lender of last resort as well as inflating the debt away!

They will never stop until the dollar is dead and replaced by a CBDC!

The Fed may finally realize that you can't keep a Ponzi going forever without digging a deeper hole. The Yellen needs to go before anything has a chance of getting better.

The "markets" need a reset sooner than later, and start over from a clean sheet.

This "emergency" will end when the Market correction gets too painful, a few more hours should do it . The question is......WHEN will the GAPS Fill on those charts?

https://www.youtube.com/watch?v=_tBK_H57cI0