News, Rumors and Opinions Sunday Morning 10--9-2022
.KTFA:
Samson: Putin announces the nationalization of a huge American project in Russia
9th October, 2022
Russian President Vladimir Putin has signed a decree establishing a new operator for the Sakhalin 1 oil and gas project led by ExxonMobil (XOM.N) in Russia's Far East
Putin's move affecting Exxon's largest investment in Russia mimics the strategy he has used to control other energy properties in the country. The decree gives the Russian government the power to decide whether foreign shareholders can hold stakes in the project
Exxon holds a 30% stake in the operator in Sakhalin-1, with Russia's Rosneft (ROSN.MM), India's ONGC Videsh (ONVI.NS) and Japan's SODECO as partners. Oil production at the Sakhalin 1 project fell to just 10,000 barrels in July from 220,000 bpd before Russia invaded Ukraine
KTFA:
Samson: Putin announces the nationalization of a huge American project in Russia
9th October, 2022
Russian President Vladimir Putin has signed a decree establishing a new operator for the Sakhalin 1 oil and gas project led by ExxonMobil (XOM.N) in Russia's Far East
Putin's move affecting Exxon's largest investment in Russia mimics the strategy he has used to control other energy properties in the country. The decree gives the Russian government the power to decide whether foreign shareholders can hold stakes in the project
Exxon holds a 30% stake in the operator in Sakhalin-1, with Russia's Rosneft (ROSN.MM), India's ONGC Videsh (ONVI.NS) and Japan's SODECO as partners. Oil production at the Sakhalin 1 project fell to just 10,000 barrels in July from 220,000 bpd before Russia invaded Ukraine
Exxon has been trying to exit its operations in Russia and transfer its role in Sakhalin 1 to a partner since March, following international sanctions imposed on Moscow. The Russian government clashed with Exxon, with the oil producer threatening to refer the case to international arbitration
An official at Japan's SODECO, which holds a 50% stake in the company, said it was gathering information and talking to partners as Japan had stopped buying crude from Russia since June. In this framework, a new Russian legal entity will assume the rights and responsibilities of the existing union of investors and operator of Exxon Neftegas
The foreign partners had a month to decide whether to keep their shares in the new company. Those who decide to withdraw will receive compensation adjusted for potential losses that emerged earlier this year amid the Sakhalin-1 production halt and Exxon halted production after the Russian invasion of Ukraine. The companies participating in the project include "ExxonMobil", "Rosneft", "SODECO" of Japan and the Indian Oil and Natural Gas Company
The beginning of the crisis
Exxon said in early August that it was in talks to hand over its 30% stake to an as-yet-unnamed third party
The next day, Putin issued a decree banning the exit of foreign joint stock companies from several strategic projects, including Sakhalin 1, until the end of the year, but Exxon defied the decree. In this context, in July, Putin signed a similar decree on the transfer of operations of the "Sakhalin 2" natural gas project to a Russian entity
Shell Plc, which owns a 27.5% stake in the facility, said it was "quite unlikely" that it would take a stake in the new Sakhalin entity. Meanwhile, Japanese companies Mitsubishi Corp and Mitsui & Co. decided to maintain investments in a major LNG plant in Russia L:INK
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Samson: Governor of the Central Bank in Parliament to answer the currency of "20,000 dinars"
9th October, 2022
On Sunday, the Parliamentary Finance Committee will discuss with the Governor of the Central Bank the currency auction and the issuance of a new Iraqi currency.
A member of the Parliamentary Finance Committee, Nermin Maarouf, told Shafak News Agency; Today, the Parliamentary Finance Committee will host the Governor of the Central Bank to discuss a number of important topics and issues, most notably the currency auction, the sale window, currency printing, the working mechanism of the participating banks, and other topics and issues within the tasks of the Central Bank.
Maarouf added; "During the hosting, we will direct a number of questions to the governor, the most prominent of which are the feasibility, justifications and reasons for taking a decision by the Central Bank to print and issue a new category (20 thousand dinars) and how much money will be issued from the new category and the mechanism for putting such a currency in the market."
On Tuesday (27 September last), the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhaif, revealed that there is an intention to issue a 20 thousand dinars banknote. LINK
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DoTalkToMe: Happy thanksgiving to all Canadians. May Gods blessings be upon you.
Today is also the first day of the Feast of Tabernacles. Day of Remembrance of how God protected Israel during there 40 years in the desert. God bless Israel our brothers & sisters.
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Courtesy of Dinar Guru
RVAlready [I forgot about the meeting Iraq was supposed to hold today.] It looked like another do nothing meeting, unfortunately. I think the UN will have to take action.
Nader From The Mid East Why it's taking a long time to exchange the rate? The first thing is the occupation. The occupation is gone. It's true it's gone, the problem they still occupied the country with money. The dollar. So that they have to change first because Iraqis are buying more dollars than dinars. The second thing they have to change is the 3 zeros...I think they are going to do it soon...It's still a little messy.
SILVER ALERT! $2 Quadrillion in Derivatives IMPLODING! Buy Silver NOW to Survive CHAOS!!
(Bix Weir) 10-8-2022
The MASSIVE Derivative market was always the Achilles Heal of the banking cabal. Collapse that and you collapse the entire global monetary system.
Build it big then collapse it was the idea...but now we have to live through the collapse. It's gonna get REAL MESSY out there so hang on tight!
Central Bank Digital Currency Coming? Silver & Gold Outlook - Jim Rogers
Wall Street Silver: 10-9-2022
Jim Rogers returns to the show to discuss if Interest rates will rise again and what it would mean for the Gold & Silver markets. Furthermore, we discuss inflation numbers, the possibility of a central bank digital currency, the fed's next move, and more.
More News, Rumors and Opinions Saturday Night 10-8-2022
.KTFA:
Samson: The arrest of a banker selling counterfeit currency
8th October, 2022
The anti-crime directorate arrested a banker for selling fake currency to citizens in Baghdad.
A statement by the Directorate stated, "The detachments of the Al-Habibia office, east of Baghdad, arrested the accused in flagrante delicto in a tight ambush, after investigation and information gathering, as he was intending to sell 18,500 counterfeit US dollars, to a citizen without his knowledge."
And he added: "When conducting the investigation with the accused, he openly admitted that he had sold the counterfeit currency." LINK
KTFA:
Samson: The arrest of a banker selling counterfeit currency
8th October, 2022
The anti-crime directorate arrested a banker for selling fake currency to citizens in Baghdad.
A statement by the Directorate stated, "The detachments of the Al-Habibia office, east of Baghdad, arrested the accused in flagrante delicto in a tight ambush, after investigation and information gathering, as he was intending to sell 18,500 counterfeit US dollars, to a citizen without his knowledge."
And he added: "When conducting the investigation with the accused, he openly admitted that he had sold the counterfeit currency." LINK
Samson: Parliamentary Integrity accuses Rafidain Bank of stealing up to one billion US dollars
8th October, 2022
Member of the Parliamentary Integrity Committee, Representative Ahmed Taha Al-Rubaie, announced on Saturday, the existence of a theft in Al-Rafidain Governmental Bank, estimated at about one billion US dollars.
Al-Rubaie said in a press conference held today and attended by Shafak News Agency correspondent, that the answers received by the Ministry of Finance confirm that there is a theft in the revenues of trust accounts belonging to the general tax in Rafidain Bank, which exceeds (800) million dollars, and from here we confirm that no authority or the party to cover up or deny this theft in favor of the thieves of public money.
He added that the Ministry of Finance indicated that it had formed a committee to conduct an administrative investigation into the matter, and the investigation committee recommended precautionary recommendations against the former general managers, since 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.
Al-Rubaie also added, "The ministry confirmed that it is awaiting a judicial investigation, as the case is before the judiciary, which has a general mandate to protect public money."
The parliamentarian called on government and regulatory agencies to prevent the travel of some managers and senior cadres in the Tax Authority who were changed until the end of the administrative and judicial investigation, calling on the Federal Integrity Commission to conduct the investigation as quickly as possible and refer the files to the Integrity Judge. LINK
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Courtesy of Dinar Guru
Frank26 Article: "The Governor of the Central Bank of Iraq receives a delegation from the World Bank" NOTICE THE WORLD BANK AND THE INTERNATIONAL WORLD CONSTANTLY MEETS WITH THE GOV OF THE CBI.
Mnt Goat Article: "CHATHAM HOUSE: CORRUPTION IN IRAQ IS CAUSED BY THE US-LED COALITION" This corruption is why we have not yet seen the RV. Just another indicator that the corrupt do not want to give up the golden goose. Well…they are going to give it up, like it or not. These days are slowly coming to an end.
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TNT:
Tishwash: With the resumption of parliament sessions, an independent deputy reveals the date for resolving the presidency
Independent MP Hussein Al-Sabri confirmed, on Saturday, that there is optimism that the political impasse in the country will break.
In an exclusive interview with Mawazine News, Al-Sabri said, "There is a kind of optimism in general, and the signs of political dialogues seemed clear, even those taking place from under the table, indicating that the current situation in the House of Representatives is positive and nearly two hundred deputies attended today's session."
Al-Sa'bri added, "The parliamentary sessions will continue, and the spirit has started in Parliament, and this is what we hope for and it will be for the best."
He added, "The file of the Presidency of the Republic concerns the Kurds first and foremost, and the signs indicate the end of all matters during this month." link
New IRaQi Dinar 20000 IQD Update
Rapid Updates: Oct 7, 2022
New iRaQi Dinar 20000 Note Update. The Pros & Cons?
Urgent Warning: Financial Markets Under Heavy Stress as Credit Markets are Collapsing
Steven Van Metre: 10-8-2022
Credit markets are on the verge of collapse as higher interest rates and tightening lending standards are putting the financial system under heavy stress. For consumers and businesses who have tapped their credit lines to take on a record amount of debt, this could not happen at a worse time. A replay of the 2008 financial crisis is just beginning.
News, Rumors and Opinions Saturday 10-8-2022
.KTFA:
Samson: Russia warns the West: Patience has limits
8th October, 2022
Russian Foreign Minister Sergey Lavrov warned "those who speak with Russia the language of sanctions" that Moscow's patience in the face of acts of economic aggression "is not without limits."
Lavrov said in an interview with the Russian newspaper "Argumenti ye Facti": "We have all possibilities to protect our national interests. And if necessary, we will use them to the fullest extent. Those who speak the language of sanctions with Russia, must remember that while we are largely restrained in the response to acts of economic aggression, our patience will not be limitless."
KTFA:
Samson: Russia warns the West: Patience has limits
8th October, 2022
Russian Foreign Minister Sergey Lavrov warned "those who speak with Russia the language of sanctions" that Moscow's patience in the face of acts of economic aggression "is not without limits."
Lavrov said in an interview with the Russian newspaper "Argumenti ye Facti": "We have all possibilities to protect our national interests. And if necessary, we will use them to the fullest extent. Those who speak the language of sanctions with Russia, must remember that while we are largely restrained in the response to acts of economic aggression, our patience will not be limitless."
He added, "The disintegration of the Russian economy, as dreamed by (former US President) Barack Obama, has not and will not be achieved."
The Russian minister continued: "Everything they wanted to provoke in our country begins to appear in their own backyard. A number of European countries are witnessing a sharp rise in prices, a decrease in incomes, a shortage of energy resources ... the usual benefits of civilization are turning into a privilege for Europeans. This is the price that ordinary citizens pay for the rosophobia of their politicians.” LINK
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Samson: Approximately 300,000 barrels per day .. Iraq's oil exports to America rise within a week
8th October, 2022
The US Energy Information Administration announced, on Saturday, that Iraq's oil exports to America increased to 275,000 barrels per day during the past week.
The administration said in a report seen by Shafak News Agency, "The average US imports of crude oil during the past week from eight countries amounted to 5.220 million barrels per day, down by 390 thousand barrels per day compared to the previous week, which amounted to 5.610 million barrels per day."
She added that "Iraq's oil exports to America amounted to an average of 275,000 barrels per day last week, higher than the previous week, when oil exports to America reached an average of 202,000 barrels per day."
The administration also indicated that "most of America's oil revenues during the past week came from Canada, at a rate of 3.298 million barrels per day, followed by Mexico at a rate of 539,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 398,000 barrels per day, and then Colombia at a rate of 360 thousand barrels. Daily".
According to the administration, the amount of US imports of crude oil from Ecuador amounted to an average of 203 thousand barrels per day, and from Brazil at a rate of 104 thousand barrels per day, and from Libya at a rate of 43 thousand barrels per day, while it did not import any quantity from Russia or Nigeria. LINK
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Courtesy of Dinar Guru https://www.dinarguru.com/
Bruce [via WiserNow] ...we are supposed to be notified over the weekend. Now what is over the weekend mean? I would say Saturday. And possibly Saturday afternoon might be in play. Could they notify us on Sunday? Yeah. So either day is in play for notifications. What about exchanges? Could we get notified and start Saturday? Yes. Could we start even Sunday? Yes, not as likely. But I say “yes”. ...even though Monday is Columbus Day...it is not a bank holiday - banks will not be closed. So does that mean Monday is in play for us to go in to redemption centers for exchanges? I think so...The good news is this is moving forward...I've been excited all week because I felt like from what I was hearing - we are really getting close.
Sandy Ingram Urgent and disturbing news coming out of the U.N. briefing session on Iraq...U.N. representative Jeanine Plasschaert warned on Tuesday that government spending in Iraq will stop in 2023 if a budget for the country is not approved...Plasschaert went on to say all anti-corruption efforts have failed. This is serious. If Iraq cannot for a government by the year's end we are not sure what will happen. I personally have hope Iraq will pull through and work it all out...
Occupation still exist not military occupation but dollars occupation
Nader from the Mid East: 10-8-2022
https://www.youtube.com/watch?app=desktop&v=mAfcMxiY5Ts&feature=youtu.be
The Truth Behind The OPEC Cuts - It’s All About The Dollar!
Sean Foo: 10-8-2022
OPEC plus has cut oil production and the United States is panicking. But the real worry isn't about higher oil prices, it's really about the future of the US dollar. The real fate of the US dollar lies with Saudi Arabia. Here's what you must know about the Petrodollar. You must watch this carefully.
"Tidbits From TNT" Saturday 10-8-2022
.TNT:
CandyKisses: Today..”State Administration” enters an important meeting
Shafaq News/ The "Coalition of State Administration", which brings together the main Shiite, Sunni and Kurdish political forces, is holding an important meeting, today, Saturday, to discuss the completion of the movement to form the new Iraqi government.
Informed sources told Shafaq News Agency, "The State Administration coalition, with all its forces, will hold an important meeting this evening in the capital, Baghdad, to discuss completing the movement to form the new Iraqi government and pushing the Kurdish forces towards resolving the dispute with the presidency."
The sources indicated that "the meeting of the State Administration Coalition will discuss the issue of forming a delegation representing it for the purpose of conducting dialogue and negotiation with the leader of the Sadrist movement, Muqtada al-Sadr, regarding the next government and its tasks."
TNT:
CandyKisses: Today..”State Administration” enters an important meeting
Shafaq News/ The "Coalition of State Administration", which brings together the main Shiite, Sunni and Kurdish political forces, is holding an important meeting, today, Saturday, to discuss the completion of the movement to form the new Iraqi government.
Informed sources told Shafaq News Agency, "The State Administration coalition, with all its forces, will hold an important meeting this evening in the capital, Baghdad, to discuss completing the movement to form the new Iraqi government and pushing the Kurdish forces towards resolving the dispute with the presidency."
The sources indicated that "the meeting of the State Administration Coalition will discuss the issue of forming a delegation representing it for the purpose of conducting dialogue and negotiation with the leader of the Sadrist movement, Muqtada al-Sadr, regarding the next government and its tasks."
And earlier today, Saturday, the head of the "Al-Fateh" coalition bloc, Abbas Al-Zamili, denied the existence of any secret meeting that brought together the leader of the coalition, Hadi Al-Amiri, with the leader of the Sadrist movement, Muqtada Al-Sadr over the past period, stressing that there will be a meeting that brings together Al-Amiri with Al-Sadr soon.
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Candykisses: This is what the economy of Iraq lost during a year of political paralysis
On October 10, Iraq completed a full year since the early parliamentary elections, in the absence of a new government or budget due to political paralysis that threatens to deprive the country of much-needed infrastructure projects and reform opportunities
Iraq, an oil-rich country wracked by decades of conflict, generated massive oil revenues in 2022. The money is in the Central Bank, which has $87 billion in foreign currency reserves. But benefiting from these funds in projects that Iraq needs is contingent on forming a government with full powers and a budget that controls the pace of spending
Yasar Al-Maliki, an economist at the Middle East Economic Survey, explains that "infrastructure projects need years of steady funding from the government," adding that "the political situation has caused great turmoil that has further weakened Iraq's already fragile position in front of its investors. He explains that "the political crisis has added to other long-standing concerns, especially security and corruption
Political disputes are still continuing between the two prominent Shiite camps, the Sadrist movement on the one hand, and the coordination framework, which includes blocs representing the Popular Mobilization, an alliance of armed factions loyal to Iran that have become affiliated with the state apparatus, on the other hand, a year after elections that were already hesitant among Iraqi voters. . With the two sides of the political crisis unable to resolve their differences, a new government has yet to be formed
'Loss of great opportunities'
On August 29, violence erupted in Baghdad between fighters from the Sadrist movement on the one hand, and the security forces and the Popular Mobilization Forces on the other, killing about 30 al-Sadr supporters and considered the United Nations representative in Iraq, Jenin Plasschaert, before a recent Security Council session, that these events were supposed to represent "a wake-up call," adding that "the situation is still very volatile
Many Iraqis have lost confidence in the ability of the political class in Iraq to work for the benefit of the country and its people," she said. While the World Bank estimated the growth of the Iraqi economy at an average of 5.4% annually between 2022 and 2024, “the macroeconomic outlook is surrounded by a large degree of risks given the heavy dependence on oil, the persistence of budget stalemates, and the delay in forming the new government”, as stated in a report in June
Arab economy
As a result of the absence of a budget, Iraq spends today on the basis of the Federal Financial Management Law, that is, what was spent in the previous budget divided over 12 months, which does not reflect the reality of the revenues that the country achieved in 2022. However, "these are minimal budgets... that resemble the past, not the present or the future, and there are no opportunities for economic growth, and they deprive Iraq of major strategic projects," according to the Prime Minister's financial advisor, Mazhar Salih. "We are missing out on great opportunities, opportunities to invest in important, strategic and planned projects," he told AFP
For example, Iraq signed a contract last summer with the French company "Total Energy", which includes many projects, especially in the field of the exploitation of associated gas and solar energy, worth ten billion dollars, partially funded by the Iraqi government, which is still in its infancy and "the Iraqi government is working hard to speed up work in it and remove obstacles before it," according to a source familiar with the file
Other projects are progressing “at a slow pace” in the oil sector, and with “the absence of a government with full powers, the Ministry of Oil cannot finance, sign and award contracts for these key projects,” explains Yasar al-Maliki
People are tired
To meet emergency expenditures, the Iraqi parliament enacted an emergency subsidy law in June, worth 25 trillion dinars ($17 billion), which allowed meeting emergency needs for the population and buying grain to ensure “food security,” but also ensuring the purchase of energy and electricity from abroad
As the year 2023 approaches without a budget, the authorities will have to either legislate a new similar food security law or continue spending on a 12-month basis, meaning “reduce spending again,” as Yasar al-Maliki explains
Upon resigning from his position as finance minister in August, Ali Allawi, the owner of the reform economic project that had not yet fully turned into a tangible reality, did not hesitate to define the problem quite frankly. "All plans and programs of the government are always constrained by the need to obtain broad agreement from a fractured political class," he wrote in his resignation letter. "All calls for reform have been hindered by the political framework of this country," he added
People's economy
Out of every ten young people, four are unemployed, according to the United Nations, while a third of the 42 million population are below the poverty line
Despite the huge oil revenues, the life of Amin Salman, the sixty-year-old retired from the Iraqi army, who was among the demonstrators on the third anniversary of the unprecedented October 2019 uprising, which came out against the regime and corruption, has not improved much
"The country is going through a political crisis, and this political crisis affects people. People are all tired," says the man from Tahrir Square in central Baghdad
The man earns only 400,000 dinars ($274), an amount that barely covers his daily income, and his two sons are unemployed. He adds, "Iraq has billions, money and gold, but politicians are only interested in their parties and pockets
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CandyKisses: After the decision of "OPEC +" .. Economist : Oil prices will rise to 150 dollars per barrel
An expert in economic affairs, Raad Twij, suggested that oil prices would rise in the coming days to 150 dollars per barrel, while attributing this to the recent reduction in the volume of production by two million barrels per day.
Twig said in a statement to the National Iraqi News Agency / NINA /: “The process of monitoring the volume of production by OPEC and Russia is a historic process in managing the oil market, especially the recent reduction in the volume of production by two million barrels per day, stressing:” that the last reduction it turns (OPEC +) into a major oil monopoly, and no other power will be able after today to manipulate the price of oil, whether the United States of America or the International Energy Agency, with shale oil or strategic reserves.”
Twig added, "Oil prices will rise to $150 per barrel, especially as we are on the cusp of the cold season. This will increase Iraq's financial savings."
It is noteworthy that the (OPEC +) alliance decided recently to reduce oil production by two million barrels per day.
The alliance, which includes members of the Organization of the Petroleum Exporting Countries and partners including Russia, has ignored pleas from the White House to continue pumping oil supplies. And he decided to cut production by two million barrels per day, which is the largest reduction since the outbreak of Covid-19 in 2020.
The decision of the “OPEC Plus” group to reduce oil production angered the United States, which accused the group of siding with Russia, and US President Joe Biden instructed the Ministry of Energy to distribute 10 An additional million barrels of strategic petroleum reserve will be in the market next month.
Mot: ,, One More REality bout Fall!! ~~~~
Mot: .. Yeppers! - BIG Plans fer Today I Have!! ~~
Weekend Chat with MarkZ Saturday 10-8-2022
.Weekend News with MarkZ 10/08/2022
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: Good morning Mark and all the beautiful people. God Bless you all.
Member: #Let's Go RV !!!
Member: Good morning everyone I hope today is a good day it is the 8th of the month and Something's Happened every month on the 8th since June. Hope it's very good news today, if not I'm still hanging in
MZ: It seems awfully quiet…..it may be quiet all weekend. We do have some tentative appointments this evening but, I don’t know how they would move money over a weekend….but I hear the QFS system won’t care whether it’s a weekend or not. So it’s a possibility.
Weekend News with MarkZ 10/08/2022
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: Good morning Mark and all the beautiful people. God Bless you all.
Member: #Let's Go RV !!!
Member: Good morning everyone I hope today is a good day it is the 8th of the month and Something's Happened every month on the 8th since June. Hope it's very good news today, if not I'm still hanging in
MZ: It seems awfully quiet…..it may be quiet all weekend. We do have some tentative appointments this evening but, I don’t know how they would move money over a weekend….but I hear the QFS system won’t care whether it’s a weekend or not. So it’s a possibility.
MZ: We are just watching and waiting for that shoe to drop.
Member: MarkZ is this thing REALLY EVER going to happen?..
Member: Stock market start 1/3/2022 36,233.66 as of close 10/7/2022 29,297.25 drop of 6,936.41 or 19.2%. Eight tenths more we will be a bear market.
Mwmber: Did Y’all catch Nader this morning?
MZ: He said basically in Iraq they are waiting for us. Corruption still getting cleaned up …everybody over there is a little upset over how long it is taking to clean house. https://www.youtube.com/watch?v=mAfcMxiY5Ts
Member: We are all sick of corruption and tired of how long it takes to clean house……in all countries.
Member: Nader spoke of there still being US dollars as the reason to not revalue but there is no way to completely remove every single US dollar until the people have more confidence
Member: I read that Redemption money goes into your New QFS Starlink account which cant be hacked or stolen like your regular bank account can….that will really help curb corruption.
Member: Phil Godlewski reported last evening at 9:00pm. His sources state an event that will trigger several other actions (RV?) during the coming week - before or next weekend
Member: IMPORTANT: MARKZ: on PPN said that the 50 days to RV in Iraq is October 12, 2022.
Member: Markz, is it not true that once the RV STARTS that it would start in Asia and work its way to the west?
Member: Frank26 always said that.
Member: I think something might happen because are bank has New Money.. but there not calling it rainbow money
Member: I have a feeling something is going to happen today bc the last few months something has happened on the 8th. Japan PM assassination, the queens death and Putins attempted assassination .
MZ: I’m with you on that…waiting for a shoe to drop. Whats going to drop today??
Member: I really hope Nesara/Gesara is real?
Member: That would be a dream come true for sure. That would fix the world.
Member: Is this going to be a taxable event? Many differing opinions on this.
MZ: I still think it will be a non- taxable event. But I am prepared either way to be safe. We just do not know 100%.
Member: My credit union in closed this coming Monday for Columbus Day
Member: Father, we ask that you would go before us this day. Father, May we feel your power and strength rise up within us. Father we pray for all those who are facing sickness in their bodies.
Member: Everyone …enjoy your 3 Day Weekend! Do something fun and relaxing!!!
Member: Hoping we all get paid extreme soon , and it’s huge!!!
CBD Guru’s join the stream at the end. Please listen to the replay for all of their information.
“THE INFO IN THIS PODCAST IS FOR GENERAL INFO & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
The next stream is Monday at 10Am est……..unless
More News, Rumors and Opinions Friday Night 10-7-2022
.KTFA:
Samson: Putin at the first meeting of CIS heads of state: switching to national currencies strengthens sovereignty
7th October, 2022
Russian President Vladimir Putin noted on Friday that switching to national currencies in the relationship between CIS members strengthens sovereignty and deepens integration.
During the informal meeting of the CIS heads of state, Putin noted that this shift is not related to the current political situation.
He also announced that tragic events are taking place in Ukraine, and conflicts between other CIS countries, which require the development of measures to solve them.
"At the CIS summit in Kazakhstan, the focus will be on the sustainability of economies, and the integration of member states into politics, the economy and other areas, as well as security issues will be discussed," Putin said.
KTFA:
Samson: Putin at the first meeting of CIS heads of state: switching to national currencies strengthens sovereignty
7th October, 2022
Russian President Vladimir Putin noted on Friday that switching to national currencies in the relationship between CIS members strengthens sovereignty and deepens integration.
During the informal meeting of the CIS heads of state, Putin noted that this shift is not related to the current political situation.
He also announced that tragic events are taking place in Ukraine, and conflicts between other CIS countries, which require the development of measures to solve them.
"At the CIS summit in Kazakhstan, the focus will be on the sustainability of economies, and the integration of member states into politics, the economy and other areas, as well as security issues will be discussed," Putin said.
He also supported the proposal of the Kazakh President, Kassym-Jomart Tokayev, to establish an international organization of the Commonwealth of Independent States to promote the Russian language.
The Russian President announced his participation in Astana in the first summit of its kind between Russia and Central Asia. LINK
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Samson: Putin: Trade between the CIS has risen to $6 billion
7th October, 2022
Russian President Vladimir Putin revealed that the trade exchange between the Commonwealth of Independent States has risen to $6 billion, which allows us to switch to national currencies to complete and implement transactions between the CIS countries.
In his speech during the informal meeting of the heads of the Commonwealth of Independent States, reported by Russia Today news channel - today, Friday, the Russian President added that switching to national currencies in the relationship between CIS members enhances sovereignty and deepens integration, according to the Middle East News Agency.
Putin explained that the tragic events that are happening in Ukraine and the conflicts that occur within the countries of the former Soviet Union are matters that need to be resolved and studied well. He pointed out that at the Astana summit, we paid great attention to investment partnership within the framework of the Commonwealth of Independent States, stressing the need for cooperation between us and joint work in the field of combating terrorism and combating drug trafficking and corruption.
He stressed that the year 2023 has been declared the year of the Russian language, so we must work together and cooperate within the framework of the Association to spread the Russian language because it is the common language among all the countries of the Association. He noted that next week at the Astana summit, which will be under the title (Russia is the Center of Asia), cooperation mechanisms and joint plans among the five ASEAN member states will be reviewed. LINK
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Courtesy of Dinar Guru
Frank26 The governor of the Central Bank of Iraq took out over 20 years ago the coins due to a rate change that would make these coins worthless. Now the CBI brings back/reintroduces coins/fils...? Why? Because a rate change is occurring. The 1, 5,10, 20, 50, 100 - we told you about these...So did the CBI... The monetary reform education marches on...with coin education to the citizens of Iraq...it is important that the citizens of Iraq be educated on the power of 'less than a dinar'...
Clare Community comment: "...When the satellite bank opens up the Iraqi citizens in the United States would not be getting the new small note but would be able to exchange with the new rate (from the second set of books) and that no one knew what the new rate is" NO YOU ARE MISTAKEN...WHEN THE CBI OFFICIALLY CHANGES THE RATE ALL BANKS WILL HAVE IT (THAT DEAL WITH THE DINAR) IMO.
**************
TNT:
Tishwash: {Things bode well}.. The rule of law: a massive movement to form a government
A deputy from the State of Law coalition announced, on Friday, that a heavy political movement will take place in the coming days for the purpose of forming a government.
Jawad Al-Ghazali told {Euphrates News}, "After setting the parliament's sessions normally, we expect that the coming days will witness a political movement regarding the file of electing the president of the republic and forming the government."
He added that "there is a real need to intensify efforts, especially with the approach of the electoral dues, and this can only be done by forming the government and resolving the file of the Presidency of the Republic," noting that "things bode well and there is a movement and directions for all politicians in this direction link
ALERT! Silver Riggers Gunning for Moving Averages & Grand Canyon Golden Cave Discovery?!
(Bix Weir) 10-7-2022
The COMEX riggers are working overtime today...very likely to be the Chairman of the Board for Credit Suisse....BLYTHE MASTERS!!
Also, there's been another ancient Egyptian cave found in "Cobblestone Canyon" (aka the Grand Canyon!) I wonder if it's filled with GOLDEN TREASURES like the other ones!
Gold is liquidity and central banks will return to it as money
Peter Schiff: 10-7-2022
Peter Schiff and Charles Payne discuss the price of gold and why investors are beginning to realize the Fed will need it as it loses its fight to inflation. Recorded 10/6/2022 on Fox Business.
Friday Evening Chat with MarkZ 10-7-2022
.Evening News with MarkZ 10/07/2022
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: Happy Friday Night everyone.
MZ: Very much a nothing burger this evening, some bond contacts with tentative meetings over the weekend here in the US but European bond contacts were told, "see you Monday".
Member: Mark, I see a lot of people posting how down they are…. I can only imagine how down you get when you have to do the "nothing burger" podcast....
MZ: It sucks to do a nothing burger…..but, it’s better to tell you all there is nothing then what some people do – make it up…….Nothing is not a bad thing.
Member: Mark, Nobody does NOTHING burgers better than you!!!
MZ: I am hearing very positive things about this weekend. It is a 3 day weekend.
Evening News with MarkZ 10/07/2022
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: Happy Friday Night everyone.
MZ: Very much a nothing burger this evening, some bond contacts with tentative meetings over the weekend here in the US but European bond contacts were told, "see you Monday".
Member: Mark, I see a lot of people posting how down they are…. I can only imagine how down you get when you have to do the "nothing burger" podcast....
MZ: It sucks to do a nothing burger…..but, it’s better to tell you all there is nothing then what some people do – make it up…….Nothing is not a bad thing.
Member: Mark, Nobody does NOTHING burgers better than you!!!
MZ: I am hearing very positive things about this weekend. It is a 3 day weekend.
MZ: I wanted to share this from Dave F. He did all the work…..you guys are going to remember this awhile ago when the Iraqi Gov. went after the group that a made a deal within 50 days of a revaluation. But, this is interesting timing…..hopefully something will come of it. We don’t know for certain…
MZ: Mark shares a screenshot that says: RV WITHIN 50 DAYS SINCE 8-21-2022 is OCT 9th. Sunday Oct 9th….all day.
MZ: This is very interesting and thank you David for taking the time to break this down and do the math for us.
MZ: My European bond contacts…the ones I talked to….were very disappointed when they were told to “Come back Monday morning”. But domestically here in the US some bond folks have tentative appointments throughout the weekend. Starting tomorrow evening and some on Sunday.
MZ: Monday is Columbus day….so don’t know how that works.
Member: I hear US Inc is in grace period for required debt payment due by 10/14, absolute drop dead date. Then RV may happen
Member: Mark do you think Vietnam could go before Iraq?
MZ: I think they will go at the same time but….it’s a possibility because they are desperately trying to get this out before Europe or the US crashes. It’s a race to the finish line before the world implodes on the financial front. .
Member: DOW dropped 600 POINTS! Today.
MZ: Yes, Markets were down over 630 points. Historically if you follow the charts it should have gone sideways today and then crash on Monday….but its already crashing and will be interesting to watch early next week IF we have not already gotten the RV.
Member: Any update from the contractors who were supposed to be paid in Iraq at the new rate many weeks ago.
MZ: I have given what I could …without getting in serious trouble. They are very happy and content.
MZ: Thanks to the Fredster for this one……it’s an oldie but a goldie…..about the Federal Reserve being rolled into the US Treasury. It’s a really fantastic piece.
MZ: https://www.linkedin.com/pulse/federal-reserve-rolled-us-treasury-economic-forecast-david-mashian
Member: Are banks closed this Monday?
Member: Columbus day observed by a Federal Reserve Bank holiday, which usually means banking institutions are closed"
Member: my c.u. is not closed on Columbus Day
Member: I think some are closed and some are not……
Member: Monday is Thanksgiving in Canada!
Member: for all those who are feeling depressed or losing hope, please watch Julie greens podcast this morning!! God is really encouraging!!!
Member: I don’t understand how people are feeling down, I’ve never been more excited
Member: have a great weekend and stay safe out there
Mod: YOU GUYS HAVE A BLESSED NIGHT AND RELAX!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
MarkZ and Michael Cottrell Friday Morning Chat 10-7-2022
.Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Friday Mark & everyone!!
Member: Looks like another week passing us by
Member: Welcome to another weekend of waiting
Member: or another weekend with a big RV possibility……it’s a 3 day weekend too!! Seems like alot is supposed to take place of the next couple of days..
Member: is this the weekend the Golden Goose starts clucking?
MZ: I’m hoping it is the “Golden Goose Weekend” .
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Friday Mark & everyone!!
Member: Looks like another week passing us by
Member: Welcome to another weekend of waiting
Member: or another weekend with a big RV possibility……it’s a 3 day weekend too!! Seems like alot is supposed to take place of the next couple of days..
Member: is this the weekend the Golden Goose starts clucking?
MZ: I’m hoping it is the “Golden Goose Weekend” .
MZ: Still a lot of chatter from bonds, bankers and groups …they are staying in place with great expectations for this weekend….A lot of conjecture about this 3 day weekend.
MZ: Everyone is where they need to be right now and they are being leaned on to give nothing …..stay quiet.
MZ: Iraq is absolutely predictable right now…..you have one article comes out saying it will happen today and then another article comes out saying it won’t happen for 3 years…..It is totally expected what we are seeing out of Iraq right now.
MZ: There is still open conversations on the street of Iraq about the new rate….and how close it is….this is what we should focus on because they will continue to put out conflicting stories just to keep us confused…..This is on purpose. Actually it’s not us they want to confuse but the big whales on forex trading they want to keep confused..
MZ: I wish I had more news……it has been very quiet. Everyone is waiting at the edge of their seats….waiting for that shoe to drop and somebody to flip the switch….what that timing is…I do not know.
Member: Those poor people and the “Banks that cried WOLF” When it does actually happen…nobody will believe it….lol. .
Member: they think we are mushrooms they keep trying to feed us bs in the dark
Member: Nader is still AWOL
MZ: That does not surprise me….they are doing their best to suppress information.
Member: My Nader theory- he sees it- can’t tell us, won’t lie to us. So, his silence is golden.
Member: They banks are open on Columbus day aren't they?
Member: And the stock market is still open Monday too…..I think
Member: Whats the hold up? Lets Go! Lets Go!
Member: Ha….. Fox saying futures down because of jobs report.
Member: DOW down 200+ at open
MZ: Is today the day for the markets? A very IMO manipulated jobs number is coming home to roost…They have been manipulating the job numbers for so long that now they have to admit the labor numbers are high because some people have 2-3 jobs right now. The job numbers look good because they wanted it to convince us things are not as bad as they said it was. They painted a false picture of the jobs market and now its biting them in the a**.
Member: The emperor has no clothes.
Member: DOW DOWN 476 NOW
Member: Now its down -522
Member: once we have the RV how long do we have to make our appointments and go to the redemption centers
Member: Mark said about 10 days to make appointments and 30 days to exchange.
Member: Will we be able to make more than one appointment to exchange?
Member: I heard we only get one appt - one bite of the apple I don’t think he can just take some currency….. then the rest later.
Member: Please Explain: What happens to our Federal Reserve notes held in Bank Accounts?
Mod: THE FEDERAL RESERVE NOTES IN BANK ACCOUNTS WILL AUTOMATICALLY CONVERT TO THE NEW USTN. THE RAINBOW CURRENCY IS THE NEW USTN AND IS GOLD-BACKED.
Member: Heard that it will start in east Australia, NZ.... then move west to US
Member: I heard gesara already started and could be done by end of October or early November
Member: Really hope we start seeing arrest of the cabal this weekend
Member: DS has to be removed before RV so the $ could not be stolen by them.
Member: Maybe Something is about the 8th…Like Queen's Death 9/8 and tomorrow is 10/8
Member: People , if you dont know this stuff by now or new to the game, dont bother, you will go down so many rabbit holes you wont know what to believe, just be patient and wait. Trust me on this one
MZ: your advice is pretty damn good in my opinion. You will spend weeks deep diving and we should know all the truth soon!
Member: 85 days until 2023
Member: I'm ready for the credits to roll on this movie, it's time to start the next chapter of all our lives.
Member: a lot of DARKNESS will come BEFORE the DAWN!!!!
Member: Hope is a good thing. A little faith and belief these currencies will revalue and that you’re alive and healthy to see it through. So many have passed away, Just gotta hold on and keep the 9-5 grind.
Member: We Become What We Think About.....
Member: Close close closer.......Boom
Member: I believe that when it happens it will happen at the flip of a switch
Member: Manifest Everyone …..Manifest this will happen this weekend!
Member: MarkZ and crew thank you for all you do for us all.
Mr. Cottrell joins the stream about minute 15:00. Please listen to the replay for his opinions and information
CHRISTOPHER STORY https://christopherstory.org/ https://christopherstory.org/archive/
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
The next stream is tonight at 7 pm est….unless.
MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.
THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE
MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch? https://www.investopedia.com/terms/t/traunch.asp
MZ: JFK Secret Societies Speech in case we forgot https://www.youtube.com/watch?v=ItOPg2l7-t0
JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401
Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html
MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y
Mod: Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME
MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road
You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate
Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz
MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust. You can connect with MarkZ at The Seeds of Wisdom Team Community and website. Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/
Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
"Tidbits From TNT" Friday AM 10-7-2022
.TNT:
Tishwash: Urgent- Parliament will hold its session next Saturday and announce its agenda
Saturday 8 October 2022 Department of Foreign Affairs
(Reading the verses of the Qur’an
First: Taking the constitutional oath of some ladies and gentlemen members of the House of Representatives.
Second: Discussing the Iranian bombing of the areas of Iraqi Kurdistan.
Third: The first reading of the draft law dealing with residential abuses. (Services and Construction Committee, Legal Committee, Finance Committee), (22 articles).
Fourth: The first reading of the draft mineral investment law. (Investment and Development Committee,
TNT:
Tishwash: Urgent- Parliament will hold its session next Saturday and announce its agenda
Saturday 8 October 2022 Department of Foreign Affairs
(Reading the verses of the Qur’an
First: Taking the constitutional oath of some ladies and gentlemen members of the House of Representatives.
Second: Discussing the Iranian bombing of the areas of Iraqi Kurdistan.
Third: The first reading of the draft law dealing with residential abuses. (Services and Construction Committee, Legal Committee, Finance Committee), (22 articles).
Fourth: The first reading of the draft mineral investment law. (Investment and Development Committee,
Committee on Economy, Industry and Trade), (24 articles).
Fifth: The first reading of the draft law on social security and retirement for workers. (Work Committee and Civil Society Organizations, Finance Committee, Legal Committee), (113 articles). Ghum Ne Nweh Ran
Sixth: General discussions
The session starts at eleven o'clock in the afternoon. link
************
CandyKisses: A deputy for the law is likely to resolve the election of the President of the Republic next week
A deputy from the State of Law coalition suggested that the election of the President of the Republic in the House of Representatives next week would be decided.
Muhammad Al-Ziyadi told {Euphrates News}: "The first step towards starting the formation of the government is choosing the president of the republic, and we expect that next week the election of this position will be decided." And he indicated that "the State Administration Coalition has prepared all matters and is ready with all its components and spectrums to support candidate Muhammad Shia Al-Sudani in forming the government."
And the representative of the Kurdistan Democratic Party, Majid Shankali, revealed to Al-Furat yesterday that: “The House of Representatives will set next week a date for electing the President of the Republic.” Shankali said in the program “Al-Mastra” broadcast by Al-Furat satellite channel last night, “Next week, parliament sessions will be held and may not witness the first time.
A session to present a presidential candidate, but the date for electing the President of the Republic is set and the opportunity is given to resolve the matter.
************
Candykisses: Oil prices are falling after the big rise
Oil prices fell slightly, on Friday, after an accelerating rise, caused by the decision of the OPEC + group of oil producers to reduce production.
This decline comes before the announcement of important US economic data, after it rose by more than one percent in the previous session, but it is heading for weekly gains.
By 0900 GMT, Brent crude futures fell 14 cents to $ 94.28 a barrel. West Texas Intermediate crude futures fell 12 cents to $88.33 a barrel, after hitting $89.37 a barrel, the highest level since Sept. 14.
The two crudes are heading towards recording weekly gains, supported by the OPEC + announcement of a greater reduction in oil production.
The cut that OPEC + decided to implement is the largest since 2020 and comes before the European Union imposed a ban on Russian oil. This decision will put pressure on an already tight market.
Mot: ''''''' Growing Up Can Sure Have its Moments! ~~~
Mot: ... No new purchases! - We're in "the zone."
News, Rumors and Opinions Friday Morning 10-7-2022
.RV Excerpts/Rumors from the Restored Republic via a GCR: Update as of Fri. 7 Oct. 2022
Compiled Fri. 7 Oct. 12:01 am EST by Judy Byington
Restored Republics of the World Timeline:
Thurs. 6 Oct. Belarus President Lukashenko: “From October 6, all price increases are forbidden. Forbidden! From today. Not from tomorrow, from today. Therefore, from today, price increases are prohibited.”
The last week in October would experience a Communication Blackout with the EAS (Emergency Alert System) active.
Sat. 5 Nov. Game Over!
RV Excerpts/Rumors from the Restored Republic via a GCR: Update as of Fri. 7 Oct. 2022
Compiled Fri. 7 Oct. 12:01 am EST by Judy Byington
Restored Republics of the World Timeline:
Thurs. 6 Oct. Belarus President Lukashenko: “From October 6, all price increases are forbidden. Forbidden! From today. Not from tomorrow, from today. Therefore, from today, price increases are prohibited.”
The last week in October would experience a Communication Blackout with the EAS (Emergency Alert System) active.
Sat. 5 Nov. Game Over!
Thurs. 6 Oct. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
Bond Holders will be doing transactions Sat. morning 8 Oct. – that should be accomplished in a couple of hours – and get access to their funds Sat. 8 Oct. or Sun. 9 Oct.
Tier4B to be notified with toll free numbers and a secure website over the weekend (perhaps Sat. 8 Oct. or Sun. 9 Oct.).
Mon. 10 Oct. was Columbus Day and Indigenous People Day, though was not a Bank Holiday and banks will be open.
There’s been enough arrests done that Tier 4B could go at any time.
Read full post here: https://dinarchronicles.com/2022/10/07/restored-republic-via-a-gcr-update-as-of-october-7-2022/
************
KTFA:
Samson: Lebanese banks close their doors indefinitely
7th October, 2022
Two bankers said that Lebanese banks unanimously decided to close their doors to customers indefinitely after a series of raids by depositors seeking to restore their deposits frozen in the banking system due to the financial collapse in the country.
The two bankers stated, according to "Reuters", that the banks will continue their urgent operations for customers and back office services for companies.
Banks were closed for nearly a week last month after break-ins by frustrated depositors. LINK
************
Courtesy of Dinar Guru
Mnt Goat The UN said they would give Iraq until Oct 4th to form their government and if not they would step in. So now they have stepped in and gave what I call the first of stern warnings to Iraq. The next warning will not be so gentle. Could Iraq go back into Trusteeship? They are now totally out of Chapter 7, as we know, and so this would be a step backwards for them and out investment too.
Frank26 Article: "Economist: It is necessary to convert small denominations of currency into coins" THE LOWER 3 ZERO NOTES WILL BECOME COINS... NOTICE I ONLY TOLD YOU ABOUT THE 1, 5, 10, 20, 100 ETC. AND THIS IS THE FIRST TIME THE MR EDUCATION EXPLAINS TO THE CITIZENS ABOUT THE FILS AND THE LOW 3 ZERO NOTES
IMF WARNS, WTO WARNS... Debt Market REMAINS UNSTABLE. Global Economic FREEFALL Worsens.
Greg Mannarino : 10-6-2022
Urgent Warning: Global Trade is Collapsing and Threatening a Global Depression
Steven Van Metre: 10-6-2022
The World Trade Organization is warning of a multi-pronged crisis that could result in a global great depression. A recent report by the WTO showed a sharp slowdown in global trade, which has occurred before every modern-day recession.
Economic Thoughts From David Haggith and Mike Maloney 10-6-2022
David Haggith: Bond Market Collapse will be Catastrophic
Palisades Gold Radio: 10-6-2022
Tom welcomes David Haggith, publisher of "The Great Recession Blog". He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for 'economic apocalypse' that will be epic in scope.
You could also call it the second great depression. He says, "For the last two years I've been extremely accurate."
The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We're going to have plenty of economic breakdowns and damage. It's hard for people to grasp the rate of change that is occurring.
David Haggith: Bond Market Collapse will be Catastrophic
Palisades Gold Radio: 10-6-2022
Tom welcomes David Haggith, publisher of "The Great Recession Blog". He started his website twelve years ago, shortly after the housing bubble. He invented the term the epocalypse, which stands for 'economic apocalypse' that will be epic in scope.
You could also call it the second great depression. He says, "For the last two years I've been extremely accurate."
The corona crisis brought massive amounts of money printing. The Fed can no longer print enough to support the equity markets. We're going to have plenty of economic breakdowns and damage. It's hard for people to grasp the rate of change that is occurring.
Money only creates inflation where money moves, and after the lockdowns lifted, we saw inflation take off. Production inflation hit manufacturers hard, and he was proven right that inflation was not transitory. We are going to discover that the recession started in Q1 of this year.
The Fed appears reliant on positive statistics, and they are in denial. The public trusts the Fed, but that trust is likely misplaced. Economists aren't questioning or challenging the Fed's outlook. The Brookings Institute recently reported that the job market is short five million positions. There has been a million excess deaths in the labor pool lately. This is the reason why the labor market is tight.
Production isn't increasing due to the lack of available workers. We're now entering the period where everything is falling apart due to the system failing.
The shortages are going to manifest by the late spring. Crop failures and fertilizer issues will put further pressure on food prices. He recommends you buy the stuff you regularly use in advance because it won't get cheaper.
Bonds have declined the most, likely, since the great depression. There is no evidence this trend will stop, and it could be catastrophic.
Credit Suisse is providing a serious example. He says, "The Fed will slam the brakes on after they've hit the tree. They can shove it in reverse, but the car will be broken, and they won't be going anywhere. It will be highly questionable if they can accomplish anything."
The Fed is going to lose much credibility in the coming crisis, and this could eventually lead to hyperinflation.
Lastly, he discusses the problems with gold and why his current preference is to stay in dollars. For now, dollars are relatively safe, but that could change. Investors need to remain nimble because we're in the everything bubble.
Time Stamp References:
0:00 - Introduction
0:40 - Great Recession Calls
11:36 - A Precarious Position
14:28 - The Feds Rhetoric
18:26 - Labor Shortages
26:10 - Global Concerns?
36:06 - The Bond Bubble Bust
37:06 - Another Lehman Moment?
39:00 - The Fed is Stuck
44:16 - Protecting Wealth
49:37 - Wrap Up
Talking Points From This Episode
- Past predictions and why we're headed towards the second Great Depression.
- Why the Fed is in denial and will have great difficulty in the coming crisis.
- Inflation predictions and the real reasons for the labor shortage.
US Dollar to 160?!?! Where to Next for Gold & Silver?
Mike Maloney: 10-6-2022
Join Mike Maloney as he gives his latest update on gold, silver and the US dollar.