"Tidbits From TNT" Friday Morning 9-23-2022
.TNT:
CandyKisses: Al-Kazemi meets the Vice President of the World Bank Group
Prime Minister Mustafa Al-Kazemi confirmed, on Friday, Iraq's determination to continue the economic reform platform.
A statement by the Prime Minister's media office said, "Mawazine News" received a copy of it, that "Al-Kazemi met, yesterday, Thursday, with the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, on the sidelines of participation in the meetings of the United Nations General Assembly in New York."
The statement added that "during the meeting, the most important aspects of cooperation between Iraq and the World Bank in the financial and economic fields, and in the field of providing studies, consultations and data, were reviewed," noting that "the meeting touched upon the positive growth in the Iraqi economy, and success in facing the challenges caused by global crises, The disruption of supply chains, and the effects of the Corona pandemic.”
The Prime Minister stressed, "Iraq's determination to continue the economic reform platform, lay strong foundations for sustainable development, create an attractive investment environment, and emphasize cooperation with the World Bank in the areas of modernizing the country's water policy and food security projects."
TNT:
CandyKisses: Al-Kazemi meets the Vice President of the World Bank Group
Prime Minister Mustafa Al-Kazemi confirmed, on Friday, Iraq's determination to continue the economic reform platform.
A statement by the Prime Minister's media office said, "Mawazine News" received a copy of it, that "Al-Kazemi met, yesterday, Thursday, with the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, on the sidelines of participation in the meetings of the United Nations General Assembly in New York."
The statement added that "during the meeting, the most important aspects of cooperation between Iraq and the World Bank in the financial and economic fields, and in the field of providing studies, consultations and data, were reviewed," noting that "the meeting touched upon the positive growth in the Iraqi economy, and success in facing the challenges caused by global crises, The disruption of supply chains, and the effects of the Corona pandemic.”
The Prime Minister stressed, "Iraq's determination to continue the economic reform platform, lay strong foundations for sustainable development, create an attractive investment environment, and emphasize cooperation with the World Bank in the areas of modernizing the country's water policy and food security projects."
CandyKisses: Kazemi is speaking second, at the UN meeting, beginning at 3 PM EDT today. 11th Plenary meeting: Friday, 23 September 2022 - 3:00 p.m. 1 Antigua and Barbuda His Excellency Gaston Alphonso Browne Prime Minister and Minister for Finance, Corporate Governance and Public Private Partnerships of Antigua and Barbuda 2 Iraq His Excellency Mustafa Al-Kadhimi Prime Minister of the Republic of Iraq
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CandyKisses: Al-Kazemi: The stability of the region has positive repercussions on the situation in Iraq
Prime Minister Mustafa Al-Kazemi confirmed on Friday that the stability of the region has positive repercussions on the situation in Iraq.
Al-Kadhimi said in an interview with the official Al-Iraqiya news channel, before delivering a speech during the General Assembly meeting in New York, that "we have an opportunity to build Iraq, and everyone must bear responsibility in this field."
He added that "Iraq succeeded in bringing Iran and Saudi Arabia closer together and other countries succeeded in restoring their relationship with each other after that."
"We will contribute to everything that helps stabilize the region and preserve the dignity of its people," Al-Kazemi continued.
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Tishwash: Al-Kazemi expects an increase in Iraq's cash reserve, and it will reach $100 billion
The Iraqi Prime Minister, Mustafa Al-Kazemi expected, on Friday, to increase the country's cash reserve to reach $100 billion.
Al-Kazemi said in an interview with the state media before giving a speech at the General Assembly meeting in New York, that "the white paper succeeded in achieving economic reform."
And he added, "The cash reserve under our government has reached 68 billion dollars, and it is expected to increase to 100 billion dollars."
Al-Kazemi stated that Iraq has achieved the largest and fastest economic growth and has become the first in the Middle East and fifth in the world. link
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Tishwash: Al-Kadhimi meets with the Secretary-General of the United Nations to discuss several files
Prime Minister Mustafa Al-Kazemi discussed, today, Friday in New York, with United Nations Secretary-General Antonio Guterres several files, including the drought file, and the attacks on Iraqi lands.
A statement by Al-Kazemi's office, a copy of which was received by Mawazine News, stated that "the latter met with Guterres and discussed with him the situation in Iraq, and the government's efforts to mitigate political differences, by adopting the National Dialogue Initiative between political forces, and also addressed the situation in the displacement camps, and the efforts of The government will close the largest number of them, and return the displaced to their areas of origin.”
The statement added, "The Secretary-General of the United Nations praised Al-Kazemi's role in maintaining civil peace in Iraq, supporting his initiative in the national dialogue between political forces, and striving to achieve political détente."
The meeting witnessed, according to the statement, "discussing the education file in Iraq, and the government's keenness to improve it, and develop infrastructure by starting to build 1,000 schools throughout Iraq as a first stage."
The statement pointed out that "the meeting dealt with the drought file, and its great effects on Iraq, and Al-Kazemi stressed the importance of helping Iraq in this file, which is related to the lives of citizens and the country's economies. On his part, Guterres stressed the need to address the drought problem that Iraq suffers from because of what it is doing." It has some riparian countries from changing the course of rivers.”
Guterres affirmed, according to the statement, "his rejection of the attacks that affect the sovereignty of Iraq, his affirmation of support for Iraq's unity, and his refusal to interfere in its internal affairs."
The statement continued, "Al-Kazemi expressed his thanks for the efforts of the United Nations mission in helping Iraq to hold transparent and fair elections, praising the role of the United Nations and its development programs to enhance local capacities, and in rehabilitating those affected by terrorism, and its projects in the fields of environment and sustainable development." link
Mot: ... On This Friday!!!! ~~~~~
Mot: In case you wondered~~~
News, Rumors and Opinions Friday AM 9-23-2022
.TNT:
Tishwash: Iran to launch CBDC on Sept. 22
The Central Bank of Iran (CBI) has finalized plans to launch its digital currency Sept. 22, as reported by Iran’s Chamber of Commerce.
The digital currency dubbed “Crypto-Rial” will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency.
The CBI Governor earlier said:
“The bank has in place the infrastructure and rules for the Crypto-Rial. The cryptocurrency is planned as a new type of national currency, like banknotes and coins, but fully digital.”
According to the CBI, the Crypto Rial will help improve financial inclusion in the country and function as a tool to help the economy compete with other stable currencies globally.
TNT:
Tishwash: Iran to launch CBDC on Sept. 22
The Central Bank of Iran (CBI) has finalized plans to launch its digital currency Sept. 22, as reported by Iran’s Chamber of Commerce.
The digital currency dubbed “Crypto-Rial” will leverage blockchain technology to turn the Iranian Rial banknotes into cryptocurrency.
The CBI Governor earlier said:
“The bank has in place the infrastructure and rules for the Crypto-Rial. The cryptocurrency is planned as a new type of national currency, like banknotes and coins, but fully digital.”
According to the CBI, the Crypto Rial will help improve financial inclusion in the country and function as a tool to help the economy compete with other stable currencies globally.
The CBI explained that the Crypto-Rial has been designed to optimize for top-level security. Assets held in smartphone wallets can be tracked in the event of an attack by bad actors.
Iran becoming pro-crypto
At the start of 2022, Iran allowed businesses to settle cross-border payments using cryptocurrency through the Central Bank’s crypto platform.
Iran solidified its stance on crypto after it completed its first foreign trade deal of import goods worth $10 million using cryptocurrency on Aug. 9.
Minister of Industry Mines and Trade Reza Fatemi Amin said on Aug. 29 that local businesses are allowed by law to complete their import trade transactions using cryptocurrency. link
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Courtesy of Dinar Guru
Walkingstick This is a very huge step for the monetary reform to see international banks now using the Iraqi dinar in their banking structure...why? Because they're being used in their contracts. It's a huge step for the monetary reform.
Frank26 What we're looking for is a seated government. If we have a completely formed GOI presented to us by Kazemi - you have a budget. If you have a budget...then you have...the white papers. And if you have the white papers in the budget of a government of a stable country...and there's a very god chance that the reforms that require the white papers are funded because they told us the reserves are out of this world...they're ready to introduce a new currency to their citizens. This chronology that I laid out to you is...obvious
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KTFA:
Samson: Oil prices fall amid recession fears
23rd September, 2022
Oil prices fell on Friday in light of recession fears and the rise of the dollar, although losses were limited due to supply concerns after a new general mobilization campaign in Russia and a clear faltering in talks to revive the Iranian nuclear agreement.
By 0325 GMT, Brent crude futures fell 41 cents, or 0.5 percent, to $90.05 a barrel, and West Texas Intermediate crude futures fell 30 cents, or 0.4 percent, to $83.19 a barrel. Brent crude oil prices fell 1.5 percent, while West Texas Intermediate crude prices fell 2.3 percent this week.
Central banks around the world raised interest rates after the US Federal Reserve raised interest rates by 75 basis points for the third time on Wednesday, raising the risks of an economic slowdown.
A senior US State Department official said that efforts to revive Iran's nuclear agreement concluded in 2015 faltered due to Iran's insistence on closing the International Atomic Energy Agency's investigations related to the discovery of uranium traces at undeclared sites, which reduced expectations of the return of Iranian oil to the market. LINK
Iraqi Dinar update for 09/22/22 - Guess whose back
Pimpy’s Investment Chat
ALERT! IT'S HAPPENING!! FINAL SILVER SWAP!
Bix Weir: 9-22-2022
The Gold/Silver Ratio has fallen from 95 to 86 on it's way to a 1-to-1 Ratio as the Global Fiat Monetary System collapses!
There's no time left to "think" about what to do...get your money out of the system and your assets in your own possession!
If you love Gold...swap it for 86 ounces of silver and then swap back when the Ratio hits 1-to-1! There's 6B ounces of available above ground gold in the world and 6B ounces of available above ground silver...YOU DO THE MATH!!
Economic News From Lynette Zang and Matt McCall 9-22-2022
.The Crisis Deepens: Europe Is Heading For Trouble
Lynette Zang: 9-22-2022
They don't want you holding physical metal in your possession. That is then out of their reach. But I think what's going to happen is already happening and people are stacking metals, particularly here. It's gold. I mean, the village I live in functions almost exclusively on barter.
They are preparing to abandon currency.
To be honest with you, everything I'm hearing about coming out of western Germany, it's just a western Europe is just frightening and UK guns gold in the garden right.
The Crisis Deepens: Europe Is Heading For Trouble
Lynette Zang: 9-22-2022
They don't want you holding physical metal in your possession. That is then out of their reach. But I think what's going to happen is already happening and people are stacking metals, particularly here. It's gold. I mean, the village I live in functions almost exclusively on barter.
They are preparing to abandon currency.
To be honest with you, everything I'm hearing about coming out of western Germany, it's just a western Europe is just frightening and UK guns gold in the garden right.
Special Federal Reserve Update: Biggest Takeaways From the Rate Hike | Making Money With Matt McCall
Stansberry Research: 9-22-2022
Everyone is talking about yesterday's Federal Reserve announcement. Even though the market was expecting a 75-basis-point hike, stocks still fell and continue to hit two-month lows today.
We're sure you're wondering what all this means for you. So in this episode of Making Money With Matt McCall, Matt dedicates the entire show to discussing everything Fed and shares what this decision means for your money and the future.
This "Fed Special" is a must-watch episode for anyone with even $1 in their savings account. Matt lays out the implications of the Fed's move for everyone out there: savers, borrowers, homeowners, and of course, investors.
00:00 Fed Meeting Updates
9:00 Is the Fed Winning?
10:18 Takeaways from the Meeting
15:00 Fed Hike Projections
17:04 Implications for Borrowers
19:00 Implications for Homeowners
22:25 Bonds
24:03 Currencies
26:02 Stocks
30:00 AAII Sentiment Survey
34:24 Recap
"ALERT: The ALMOST Everything Bubble to Explode Like This" Mike Maloney
.Mike Maloney
ALERT: The ALMOST Everything Bubble to Explode Like This..
9-22-2022
“Every time they have tried to contract the currency supply, raise interest rates…do Quantitative Tightening, the markets have thrown some sort of fit.
Whether it’s the bond market, or bank liquidity drying up…every time they try weaning the markets off of this artificial life support there’s some kind of tantrum that happens.
The next one is going to be some kind of big crash and that is finally when the Fed will pivot.
They aren’t anticipatory, they are reactionary.
They will pivot, and they’ll start increasing the currency supply and lowering interest rates once they have caused the economy to break.
Mike Maloney
ALERT: The ALMOST Everything Bubble to Explode Like This..
9-22-2022
“Every time they have tried to contract the currency supply, raise interest rates…do Quantitative Tightening, the markets have thrown some sort of fit.
Whether it’s the bond market, or bank liquidity drying up…every time they try weaning the markets off of this artificial life support there’s some kind of tantrum that happens.
The next one is going to be some kind of big crash and that is finally when the Fed will pivot.
They aren’t anticipatory, they are reactionary.
They will pivot, and they’ll start increasing the currency supply and lowering interest rates once they have caused the economy to break.
In 2000, we had the crash of the tech sector and all the dotcoms, the NASDAQ went down eighty-something percent…then in 2007 it was the stock market and Real Estate.
Well, this time it’s stocks, Real Estate and Bonds that are all in crisis - it’s the Almost Everything Bubble and the reason why I say Almost Everything is because gold and silver are not in bubbles…yet!”
Mike Maloney
More News, Rumors and Opinions Thursday Afternoon 9-22-2022
.KTFA:
Samson: Hungarian Prime Minister: Europe Has Lost 4 Governments Due To Sanctions On Russia And They Must Be Lifted
22nd September, 2022
Hungarian Prime Minister Viktor Orban said that if sanctions against Russia are lifted, prices and inflation will fall immediately in Europe, and its economy will have a chance to recover and avoid recession.
At a meeting of the ruling coalition of Fidesz parties and the Christian Democratic People's Party, Orbán stressed that “if the sanctions are lifted, prices will immediately fall by half, and inflation will also go down. Without sanctions, the European economy will recover and can avoid the imminent recession,” he said, reiterating that sanctions are the cause of economic problems, the energy crisis and inflation.
KTFA:
Samson: Hungarian Prime Minister: Europe Has Lost 4 Governments Due To Sanctions On Russia And They Must Be Lifted
22nd September, 2022
Hungarian Prime Minister Viktor Orban said that if sanctions against Russia are lifted, prices and inflation will fall immediately in Europe, and its economy will have a chance to recover and avoid recession.
At a meeting of the ruling coalition of Fidesz parties and the Christian Democratic People's Party, Orbán stressed that “if the sanctions are lifted, prices will immediately fall by half, and inflation will also go down. Without sanctions, the European economy will recover and can avoid the imminent recession,” he said, reiterating that sanctions are the cause of economic problems, the energy crisis and inflation.
He pointed out that “when these sanctions were imposed in Brussels at the beginning of the summer, the European bureaucrats did not promise to do so, and promised that the sanctions would hit Russia, not the Europeans.
Since then, it has become clear that the imposed sanctions do more harm to Europe than Russia,” he said, calling on members of the ruling coalition to “do everything in their power to have Europe lift these sanctions no later than the end of the year.”
The Hungarian Prime Minister has constantly criticized the European Union for its anti-Russian policy, noting that “there are thousands of sanctions against Russia, but they have not shaken Moscow, while Europe has lost four governments and is suffering from a deep economic and political crisis.” In addition, the EU countries missed the opportunity to mediate the conflict in Ukraine, because they could not guarantee the implementation of the Minsk agreements. LINK
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Samson: Lebanese banks suspend their work indefinitely after a wave of depositors' intrusions
21st September, 2022
The Association of Banks in Lebanon said in a statement, on Wednesday, that Lebanese banks will remain closed indefinitely, noting the continued “risks” facing employees after a series of raids on banks last week.
The association said in a statement: “As a result of the intensive contacts made by the association with the concerned authorities, and because the risks still befall bank employees and their customers... the banks will keep their doors forcibly closed at the present time, especially in the absence of any measures or even reassurances from the state and security authorities. All with the aim of ensuring a safe working environment.”
The banks had planned to reopen their doors tomorrow, Thursday, after a three-day closure announced last week, after a total of seven banks were subjected to raids by depositors seeking to obtain their savings. LINK
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Courtesy of Dinar Guru
Breitling When I look at Iraq it's authority only. What's the banking system doing? Where are they making their money? How do they expand their system? The people who can pass law and want to expand their system, what are they talking about? Who are they talking about? In other words who do they want to do business with. They're talking about us, the west. Parliament, the Ministry of Planning, the Ministry of Finance, the CBI, all of them who has the authority right down the line...just follow the policy and you'll be very happy.
Sandy Ingram Question: "Why are we hearing about a possible civil war in Iraq?" Yes, Iraq is going through a major political crisis. Yet the internal fighting stopped while Iraqis were preparing for the annual religious event where over 20 million Shiite pilgrims descended on the city of Kabbalah...2.6 million are from Iran...we cannot be sure what will occur once people return to the reality of their daily lives.
MULTI-BILLIONAIRE INVESTORS WARN... "A DISASTER IS COMING." Important Updates.
Greg Mannarino: 9-22-2022
Moscow Gold Standard could expose fair gold price, end market manipulation - Piepenburg (Pt. 2/2)
This is part 2 of a two-part interview. You can watch part 1 here: https://youtu.be/f9-EdC_EtLs
Matthew Piepenburg, Commercial Director at Matterhorn Asset Management, returns to discuss the Moscow Gold Standard and how it could end the LBMA and COMEX's gold price manipulation.
He also discusses Bitcoin and his gold price outlook with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.
0:00 - Gold manipulation and Russia
10:48 - Monetary reset with BRICS, IMF
16:20 - Bitcoin
20:33 - Tipping point for reset
24:21 - Gold price
The Fed Just Crashed the Market: Major Changes Explained
.The FED Just Crashed The Market | Major Changes Explained*
Graham Stephen: 9-22-2022
THE SEPTEMBER FEDERAL RESERVE MEETING:
They said, that we’re most likely to see ANOTHER 75 basis point rate increase at their NEXT meeting in November, along with another 50 basis point hike in December, putting us at interest rates note last seen since prior to The Great Recession.
In addition to that, they ALSO made it apparent that they expect 2022 to see next to no GDP growth, at just 0.2%…and, have revised every single projection DOWNWARDS…implying that our economy is likely to slow down FURTHER than expected, potentially bringing us through an economic recession.
The FED Just Crashed The Market | Major Changes Explained*
Graham Stephen: 9-22-2022
THE SEPTEMBER FEDERAL RESERVE MEETING:
They said, that we’re most likely to see ANOTHER 75 basis point rate increase at their NEXT meeting in November, along with another 50 basis point hike in December, putting us at interest rates note last seen since prior to The Great Recession.
In addition to that, they ALSO made it apparent that they expect 2022 to see next to no GDP growth, at just 0.2%…and, have revised every single projection DOWNWARDS…implying that our economy is likely to slow down FURTHER than expected, potentially bringing us through an economic recession.
Because of that, they mentioned that a “SOFT LANDING” will be challenging, and will ultimately depend on how long prices stay high - after all, they understand that inflation is largely driven by supply shocks and various other factors that they have absolutely no control over - so, the longer those issues persist, the worse it’s going to be for OUR economy.
Jerome Powell also said, that it’s also important that they hike rates NOW while earnings are still strong, employment is still high, and the economy can absorb some of the “shock” - than wait too long for the economy to overheat, and then - it’ll be much more difficult to get under control.
In addition to that, they ALSO mentioned that the unemployment rate is LIKELY going to increase in their effort to “restore price stability,” going from 3.8% to 4.4% next year…and, we’re probably going to see fewer job openings until they begin to reverse course…in 2025.
In the mean time, they don’t intend to front load more rate hikes than necessary and “shock the market” to “get it over with”….but, they did say, that the housing market is likely to go through a “correction,” while prices “reset” to a new normal, following higher mortgage rates.
In terms of how much a correction we might see…by definition, it’s a decline between 10 and no more than 20% off peak prices…so, if he’s correct…we could see housing levels come back down to where they were at the beginning of 2021.
OVERALL, though, this entire meeting was rather BEARISH, with a very clear message that: rates are going higher, they’re STAYING higher - for longer…and unemployment is going to INCREASE.
This was a very different message than his previous meetings, where - it was mentioned that they’re “committed to fighting inflation,” while waiting a rosy outlook for the future...but this time…not so much.
"Tidbits From TNT" Thursday Morning 9-22-2022
.TNT:
Yada: What is not insured by the FDIC? (Wells Fargo website)
What is not insured by the FDIC?
Wells Fargo, and it's Bank and non-bank affiliates, also offers a range of products and investment accounts that do not qualify as deposits and are therefore not covered by FDIC insurance. Examples of non-deposit products that are not covered by FDIC deposit insurance include:
Investments in mutual funds
U.S. Treasury bills, notes, and bonds purchased through an insured institution
Annuities
Stocks, bonds, or other securities
Insurance products
Contents of a Safe Deposit Box
TNT:
Yada: What is not insured by the FDIC? (Wells Fargo website)
What is not insured by the FDIC?
Wells Fargo, and it's Bank and non-bank affiliates, also offers a range of products and investment accounts that do not qualify as deposits and are therefore not covered by FDIC insurance. Examples of non-deposit products that are not covered by FDIC deposit insurance include:
Investments in mutual funds
U.S. Treasury bills, notes, and bonds purchased through an insured institution
Annuities
Stocks, bonds, or other securities
Insurance products
Contents of a Safe Deposit Box
RVAlready: I finally got the update from Wells Fargo, saying investment funds are not FDIC insured, not guaranteed by the bank, and subject to investment risk.
Yada: Before everyone starts to assume the worse, just posted what they are talking about. This is nothing new. Because of the way the economy is swinging, the memos are sent out as caution. See What is not insured by the FDIC? (Wells Fargo website)
RVAlready: Yes. Nothing alarming. Investment funds are seldom insured, and usually subject to investment risk. I guess someone was surprised by the decline in value of their investment account, prompting the bank to notify their customers.
JudyBlueEyes: With all we know about investments already and also understand that no bank has our back, we would be crazy to let them have any degree of control in our future. Find your own path in the investments. Study up, it will give you the control of your own money and the freedom to choose…Work your own plan. It will be very satisfying when you chose to work your plan and not have to pay someone else to play with your money that you waited so so long to get.
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Samson: UAE: We seek to increase the volume of cooperation with Iraq, and we will contribute to the reconstruction
Foreign Minister Fouad Hussein discussed with the UAE Foreign Minister Abdullah bin Zayed, on Thursday, September 22, 2022, the strengthening of bilateral relations and the overall developments in the Arab region.
The media office of the Minister of Foreign Affairs stated that "Hussein met with the Minister of Foreign Affairs of the United Arab Emirates Abdullah bin Zayed, in the context of the meetings of the 77th session of the United Nations General Assembly in New York."
He added, "The meeting reviewed the progress of bilateral relations between Baghdad and Abu Dhabi, and the prospects for raising them to a level that meets the aspirations of the two brotherly peoples," noting that "the two parties discussed the overall developments in the Arab and international region."
The Minister of Foreign Affairs stressed that "Iraq is keen to strengthen joint cooperation with the UAE in various fields," calling on Emirati companies to "contribute to the reconstruction of Iraqi cities."
The statement indicated that "Abdullah bin Zayed reiterated his support for the security and stability of Iraq," adding, "We always strive to increase the volume of cooperation with Iraq, and we will contribute to reconstruction, construction, and increased investment in Iraq." link
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CandyKisses: Iraqi governorates will suspend work next Sunday
Each of the local governments in the governorates of Maysan, Karbala and Najaf decided to suspend official working hours next Sunday, corresponding to September 25, 2022 AD, corresponding to Safar 28, 1444 AH, on the occasion of the death of the Prophet of Islam Muhammad bin Abdullah, according to the Shiite narration.
Imami Shiite Muslims commemorate the death of the Prophet at the shrine of his cousin and son-in-law Ali bin Abi Talib in the city of Najaf in Iraq.
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Tishwash: For the first time after 2003...a security monitoring committee to immunize Diyala markets from "fake dollars"
A security source revealed, on Thursday, the formation of a specialized committee to immunize markets in Diyala Governorate from counterfeit dollars.
In an interview with "Information", the source said, "Forgery and the promotion of counterfeit currencies are among the challenges facing the markets in Diyala and the rest of the provinces, in light of the presence of professional mafias in this path."
He added, "A specialized committee has been formed that will take upon itself the follow-up of the counterfeit currency file and collect information about the criminal networks that stand behind them," noting that "the committee will begin its work in carrying out the duties assigned to it, starting next week."
The source pointed out that "counterfeit currencies have an impact on the economic file and lead to a breach of transaction systems," noting that "a list of awareness-raising instructions will be issued to banking offices to cooperate in deducing any suspicious cases."
The markets of Diyala Governorate have suffered in recent years from the emergence of counterfeit currencies and some attempt to promote them from time to time. link
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Tishwash: Seems like an education for the people
What is the central bank and what is it?
Recently, there was talk about the currency auction, preceded by the change in the exchange rate to the dollar, and other economic issues that the Iraqi street addressed, blaming the monetary policy of the Central Bank of Iraq.
But few of those who are specialists are aware of the behind-the-scenes of these measures taken by the Central Bank, and their purpose, and may be accused of being dragged into political ends once, or of being led to a destination again.
In the beginning, as is well known, the stability of the economic life of any country is mainly related to the general political atmosphere of the country, the extent of its stability and its impact on the level of stability and stability of the local currency.
In a political arena such as the Iraqi arena, which is witnessing rapid events, it is a worried and discouraging environment for an improvement in the value of the local currency, and even makes it threatened by instability, and this in turn affects the banking circulation process, which makes the citizen not reassured about the value of the local currency, and thus there will be an indication of an increase in the value of the local currency. The demand for the dollar, which puts pressure in the conversion process, and eventually will lead to an increase in the exchange rate.
As for the currency sale window, the Central Bank takes upon itself the management of this window by providing hard currency to citizens who wish to obtain it for business or to complete studies abroad at a subsidized price, and other things. Therefore, the bank provides foreign currency to the Iraqi market, on a regular basis with An examination of the correct dollar, that is, it avoids citizens dealing with counterfeit currency.
Thus, he directly supervises the management of the currency exchange rate, despite what gives it the features of inflation! Which indicates (the health of the economy). Some may be surprised by this phrase, but the inflated economy is the economy that witnesses high rates of demand in exchange for less supply, with the purchasing power of the individual, in contrast to what some markets in the region suffer from price inflation and is offset by a reluctance in demand operations, which causes economic depression and currency inactivity.
The Central Bank of Iraq did not stand on the limits of its main tasks in managing the local cash, and drawing monetary policy only, but also contributed to the preservation of public money, by imposing its monetary authority on the rest of the private banks, and limiting the manipulation or fraud that is heard about here and there.
_ As he imposed a series of strict measures on private banks that obligate them, and put in place a mechanism for granting licenses to establish the same bank, as well as monitoring the capital and exchange operations, and direct supervision by the cadres of the Central Bank, for the work of these banks on the ground, through periodic visits, and it is done by During which banks are classified according to the services they provide to the citizen on the one hand, and their commitment to regulations on the other hand.
_ The Central Bank has also created (Letters of Guarantee Platform), which is a new mechanism followed by the Central Bank in order to examine and scrutinize each letter of guarantee submitted through any bank. work with it.
Granting the housing fund initiatives through soft loans, and strengthening that initiative by canceling interest, so that the bank has contributed approximately (30-40%) of the total investment development rate.
The Central Bank also launched the renewable energy initiative in cooperation with the Ministry of Environment, by consolidating the principles of reliance on solar energy in generating electric power, by granting loans to citizens to purchase these units, which contribute to reducing environmental pollution, saving fuel and considered one of the economic alternatives to providing electricity, which It will contribute to alleviating the burden on the citizen who constantly complains about the high prices of private generators, and the poor services provided.
The Central Bank’s contributions were not limited to the economic and development field only, but it also had a role in supporting, sponsoring and supervising several effective community initiatives, which have won the approval of the Iraqi street, including; Reconstruction of Al-Mutanabi Street, Baghdad's cultural street that has been neglected for decades.
The Central Bank, in cooperation with private banks, also supervised the initiative to reconstruct the most important squares of the capital, Baghdad, and restored its special luster.
The Central Bank also did not neglect the humanitarian aspect, as it provides several aids to some segments of society, through sums of money provided as care for the elderly, or for those in need of treatment and others.
In the end, we must commend the work of the institutions that represent a safety stake for the state structure, including the judicial institution, which has devoted the concept of independence and to rise above the tension, attraction and struggle that is going on in the Iraqi arena. Not to be suspicious or suspicious...
God bless Iraq... link
Mot: ~~~~~~ Great now I want Oreos…
Mot: Are these things that make YOU happy???? .....
News, Rumors and Opinions Thursday AM 9-22-2022
.RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 22 Sept. 2022
Compiled Thurs. 22 Sept. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
As of Tues. 13 Sept. 2022 the Federal Reserve and their Central Banks were officially Bankrupt: Watch for Runs on Banks and Bank Closures.
On Mon. 19 Sept. Global Elites attending the funeral of Queen Elizabeth were briefed by the Alliance on the upcoming collapse of their governments and banking systems, which would lead to Debt Relief for The People
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 22 Sept. 2022
Compiled Thurs. 22 Sept. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
As of Tues. 13 Sept. 2022 the Federal Reserve and their Central Banks were officially Bankrupt: Watch for Runs on Banks and Bank Closures.
On Mon. 19 Sept. Global Elites attending the funeral of Queen Elizabeth were briefed by the Alliance on the upcoming collapse of their governments and banking systems, which would lead to Debt Relief for The People
Bruce: The schedule for Redemption Centers looks like they won’t be open for a couple of days – until the weekend – likely by Charlie Ward’s announcement of NESARA/GESARA on Sat. 24 Sept.
New gold/asset-backed Global Monetary System set for the beginning of the new fiscal year Sat. 1 Oct. 2022.
Jan 1st 2023 = (117) GESARA NESARA implementation
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Calendar of Upcoming Events:
At Any Time: Sky Event (Red Sky fake nuclear attack) (Purple Sky St-Germain Violet Flame Tesla Free Energy Activation) Global Planned Cyber Attacks by “Russia”.
Operation London Bridge: Great Reset Global Market Crash starting in London.
The Alliance has seized Military Power from the Deep State (with control over all Satellites, Communication Grids, Banking Servers, Data and Financial Transactions).
Sat. 24 Sept. Drama all over the place: Intel from various sources indicated that a massive Extinction Event, a Global Financial Crisis and/or other False Flags may occur on Sat. 24 Sept, which was also Satanic Cabal Numerology 666 Day.
An expected Sat. 24 Sept. NESARA Announcement would mean that Federal and State Income Tax was no more, with a 15% Consumption Tax on new items only and no tax on Food, Medicine, Wages, or anything else.
Fri. 30 Sept. Vatican’s payment deadline for the Rothschilds, Rockefellers and other families that owned US Inc, United Nations, World Bank, and IMF. The US Inc, British Crown and Vatican laundering of slush funds to the Cabal corporations of State Street, Vanguard and Blackrock would now stop.
Sat. 1 Oct: Global Currency Reset, beginning of new fiscal year, the world pulls credit from US Inc.
Read full post here: https://dinarchronicles.com/2022/09/22/restored-republic-via-a-gcr-update-as-of-september-22-2022/
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Mark Z :
The power grid in Puerto Rico is a mess right now. Not sure what to expect yet time wise for tomorrow’s podcasts. It will be fluid and my best guess right now is the first one will be around noon.
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Courtesy of Dinar Guru
Frank26 Article: "The Central Bank announces international cooperation with Iraqi banks" The Central Bank of Iraq is connected to international banks from around the world because they are about to introduce a new exchange rate. A new currency. A new banking system. A reinstatement of their banking system. We told you they would tell the citizens and they are.
Bruce [via WiserNow] ...in terms of our notifications...it looks like we got pushed maybe another three or four days...so it could actually be...the weekend...we thought we would be going with notifications... starting probably Thursday - But at this point... To me, it's up in the air...Let's keep an eye on the next several days especially the weekend...it's really an amazing time for us...amazing for us to be here where we are be part of this...
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China to forgive 23 ‘belt and road’ loans to 17 African countries
Out-Law News | 22 Aug 2022
China will forgive 23 loans for 17 African countries which had matured by the end of 2021, foreign minister Wang Yi has announced.
China will continue to help with the construction of major infrastructure projects in Africa via financing, investment and assistance, the minister said in a speech at a recent meeting of the China-Africa cooperation forum.
The country will also be increasing imports from Africa, helping to develop Africa’s agricultural and manufacturing sectors, and expanding co-operation in emerging industries such as the digital economy, health, and green and low-carbon sectors.
The latest announcement follows China’s cancellation of at least 94 interest-free loans amounting to over US$3.4 billion in Africa between 2000 and 2019.
Read full post here: https://www.pinsentmasons.com/out-law/news/china-to-forgive-23-belt-and-road-loans-to-17-african-countries
Chances of a 'soft landing'? Fed's Powell no longer as optimistic
Kitco News: 9-21-2022
Federal Reserve Chair Jerome Powell addressed chances of a recession and "restrictive" rate levels following a third consecutive 75-basis-point hike on Wednesday. Powell pointed out that a period of below-trend growth is very likely.
"This is something we need to have," he said, along with softer labor market conditions. "No one knows if this process will lead to a recession or how significant that recession will be. That is going to depend on how quickly price pressures come down ... and whether we get more labor supply,"
Powell added. "The chances of a soft landing are likely to diminish to the extent that policy has to be more restrictive." He also noted that failure to restore price stability would translate into even "greater pain later on."
"The Dollar is in it's Terminal Phase" by Peter Goodburn
.Peter Goodburn: The Dollar is in Its Terminal Phase
Palisades Gold Radio: 8-21-2022
Peter discusses how his commodity supercycle theory is likely to play out. This is a very long-term cycle over the past ninety plus years. Market fundamentals aren't as useful as you might expect.
The Fed's upcoming announcement will be interesting to see how things play out. Investment banks are reporting that the dollar is a crowded trade. This could mean we're reaching a terminal phase for that trend.
He gives some predictions for copper, crude, and gold. Central banks appear to be behind the curve and reacting instead of being proactive. They need to be more forward-thinking.
Peter shows some long-term trends for the dollar and why we will see a decline out to 2030. The dollar may not have much left to the upside. The causes of this will likely be continued dedollarization and inevitable loss of confidence.
Peter Goodburn: The Dollar is in Its Terminal Phase
Palisades Gold Radio: 8-21-2022
Peter discusses how his commodity supercycle theory is likely to play out. This is a very long-term cycle over the past ninety plus years. Market fundamentals aren't as useful as you might expect.
The Fed's upcoming announcement will be interesting to see how things play out. Investment banks are reporting that the dollar is a crowded trade. This could mean we're reaching a terminal phase for that trend.
He gives some predictions for copper, crude, and gold. Central banks appear to be behind the curve and reacting instead of being proactive. They need to be more forward-thinking.
Peter shows some long-term trends for the dollar and why we will see a decline out to 2030. The dollar may not have much left to the upside. The causes of this will likely be continued dedollarization and inevitable loss of confidence.
Whatever the trigger, we're going to see a change in the way it's treated globally.
Gold has been declining since March due to dollar strength. He believes we're close to a bottom and should begin a new leg up.
Silver appears to have bottomed, which is a good sign for gold. Silver normally only outperforms gold in an uptrend.
Peter sees massive potential for platinum and miners in general over the next couple of years. Lastly, he examines the various indexes and their possible lows. We may be in for a final countertrend rally before we reach the lows.
Timestamp References:
0:00 - Introduction
0:35 - Commodity Supercycle
6:50 - Elliott Waves & Inflation
14:12 - Fundamental Drivers
20:25 - Fed Announcements
23:13 - Patterns & News
26:00 - Copper Prices & Crude
34:59 - Dollar Strength & Gold
47:16 - Silver Performance
50:48 - Platinum
52:24 - Trading Approaches
54:10 - Mining Equities
58:30 - Market Indices & Yields
1:07:56 - Interest Rates
1:10:05 - Wrap Up
Talking Points From This Episode - How the commodity supercycle will play out. - Outlook for copper, crude, gold, silver and yields. - Why silver and platinum will outperform. - Downside targets for equity indexes.
Gold, October Crash? CBDC's Q&A with Lynette Zand and Eric Griffen
.GOLD. October Crash? CBDCs. Q&A with Lynette Zang and Eric Griffin from ITM Trading
9-21-2022
Viewer Questions:
Question 1: 1:13 We are about to put all our assets into gold and silver. This will be everything we have and it's a modest but nice amount. Is this wise to have all our eggs in one basket? Or is there another way that you would do it?
Question 2: 4:39 What is the best clue to look for before the banks may have a bail-in or will close down?
Question 3: 7:14 If you look back in history, literally all the biggest financial crashes happen in the month of October, the Bank Panic of 1907, the Great Depression 1929, Black Monday 1987, and the Great Recession of 2008. Based on this fact, are you watching intently the events that could take place this October?
GOLD. October Crash? CBDCs. Q&A with Lynette Zang and Eric Griffin from ITM Trading
9-21-2022
Viewer Questions:
Question 1: 1:13 We are about to put all our assets into gold and silver. This will be everything we have and it's a modest but nice amount. Is this wise to have all our eggs in one basket? Or is there another way that you would do it?
Question 2: 4:39 What is the best clue to look for before the banks may have a bail-in or will close down?
Question 3: 7:14 If you look back in history, literally all the biggest financial crashes happen in the month of October, the Bank Panic of 1907, the Great Depression 1929, Black Monday 1987, and the Great Recession of 2008. Based on this fact, are you watching intently the events that could take place this October?
Question 4: 13:02 I bought platinum coins last year but they have dropped a lot since then, should I bother with platinum again, or keep to gold and silver?
Question 5: 14:20 Considering the way Govt has printed so much money recently, when they do CBDC, is there a possibility they may do any ratios like 4:1 or 2:1 thereby enhancing the depleted currency value once full convertibility is achieved OR would that be only 1:1 convertible?
Question 6: 16:50 Why not just buy jewelry?
Question 7: 22:17 Post-Reset, do you anticipate that transactions conducted entirely at the physical asset level (e.g. metals for property) will be taxed/reported the same as they are pre-Reset?
News, Rumors and Opinions Wednesday Afternoon 9-21-2022
.KTFA:
Samson: Iraq suspends official working hours on the occasion of National Day
21st September, 2022
On Monday, October 3, 2022, Iraqis celebrate their 90th national day, which is linked to the country's declaration of independence from the British Mandate and its official entry into the League of Nations in 1932.
The Iraqi government decided to adopt this date as an occasion to celebrate in Iraq last year for the first time and consider it an official holiday, after the 9th of April was a national holiday for the country after it was officially approved at the time by the Governing Council in 2003.
However, that date, which was taken since the fall of Saddam Hussein's regime, lived in public debate and disagreement over the invalidity of such a day as a national holiday, as there are those who see it as a memory of "occupation" and not an occasion for "independence". The first choice of October 3 was a national holiday, which came in February of 2008, but Parliament did not pass a law to do so.
KTFA:
Samson: Iraq suspends official working hours on the occasion of National Day
21st September, 2022
On Monday, October 3, 2022, Iraqis celebrate their 90th national day, which is linked to the country's declaration of independence from the British Mandate and its official entry into the League of Nations in 1932.
The Iraqi government decided to adopt this date as an occasion to celebrate in Iraq last year for the first time and consider it an official holiday, after the 9th of April was a national holiday for the country after it was officially approved at the time by the Governing Council in 2003.
However, that date, which was taken since the fall of Saddam Hussein's regime, lived in public debate and disagreement over the invalidity of such a day as a national holiday, as there are those who see it as a memory of "occupation" and not an occasion for "independence". The first choice of October 3 was a national holiday, which came in February of 2008, but Parliament did not pass a law to do so.
In early December 2020, the Council of Ministers approved a project submitted by the Ministry of Culture to choose the date of Iraq's accession to the League of Nations, which falls on October 3, 1932 as a national day.
At that time, the Iraqi government asked the Legal Department of the General Secretariat of the Council of Ministers to prepare a special bill on the National Day that is separate and independent from the law on official holidays, and to refer the draft National Day law to the House of Representatives.
The ceremonies of the general celebration of the National Day include the launching of fireworks and the distribution of Iraqi flags among the citizens.
October 3 marks the National Independence Day, when Iraq was transformed from a British mandate territory into a sovereign state. On that date in 1932, the League of Nations issued a statement recognizing Iraq and ending the British Mandate. LINK
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Courtesy of Dinar Guru
Walkingstick [via Frank26] SDR and the IMF what they're doing is historical...this is amazing...that action with these European banks using IQD in their banks means the IQD is sanction free. It means there are no restrictions on the Iraqi dinar. It means the Iraqi dinar can be used to buy sell and trade with it internationally even if it's at a program rate...And if there are no restrictions...it means they are Article VIII. Article VIII means no restrictions on your currency...
Pimpy Article: "Iraq ranks 47th among the largest economies in the world" ...Congrats to Iraq for having a pretty strong economy despite all the crap that's going on. But...how much stronger it could have been had they been able to form a government, passed a budget and got a lot more accomplished without the stalemate. They would definitely be higher than 47th place that's for sure. But a good economy in a stable government, stable country, strong gold reserves, strong foreign currency reserves all these things help strengthen the Iraqi dinar. Those are the things that would help push the Iraq dinar forward as far as revaluing the Iraqi dinar.
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UN Warns Of DIRE FINANCIAL SITUATION. Morgan Stanley Warns Of GLOBAL STOCK MARKET SELLOFF.
Greg Mannarino: 9-20-2022
4 Signs the U.S. Dollar May Be Toast - Robert Kiyosaki, Kim Kiyosaki, Andy Schectman
The Rich Dad Channel: 9-21-2022
Why did gold become a tier 1 asset? Why are the most populated nations hoarding gold? Why is the most prominent and most wealthy pulling gold off the Comex?
Today’s guest describes how the changes starting in 2017 are cause for concern for the future of the U.S. dollar and its position as the world's reserve currency.
Andy Schectman, President & Founder of Miles Franklin Precious Metals, says, “What I’m about to tell you is the most significant in my career and maybe all of our lives.”
He goes on to describe what he calls “mile markers” that when combined, paint a disastrous outcome for the U.S. dollar.
Hosts Robert and Kim Kiyosaki and guest Andy Schectman discuss the four signs the dollar may be toast and more importantly, what you can do to protect your wealth.