More News, Rumors and Opinions Tuesday Afternoon 10-18-2022
KTFA:
Samson: No invitations for American officials to participate in Davos in the desert... a sign of great disagreement
17th October, 2022
No invitations will be sent to US government officials to attend a Saudi investment conference called (Davos in the Desert) to be held at the end of this month, the director of the organizer said Monday, pointing to the unwillingness for the gathering to become a political platform.
The decision not to invite US officials, in contrast to previous years, comes with the escalation of tension between partners Washington and Riyadh over the recent decision of the Saudi-led OPEC Plus to reduce oil production by up to two million barrels per day, starting in November.
KTFA:
Samson: No invitations for American officials to participate in Davos in the desert... a sign of great disagreement
17th October, 2022
No invitations will be sent to US government officials to attend a Saudi investment conference called (Davos in the Desert) to be held at the end of this month, the director of the organizer said Monday, pointing to the unwillingness for the gathering to become a political platform.
The decision not to invite US officials, in contrast to previous years, comes with the escalation of tension between partners Washington and Riyadh over the recent decision of the Saudi-led OPEC Plus to reduce oil production by up to two million barrels per day, starting in November.
As many as 400 CEOs of US companies are expected to participate in this year's edition, said Richard Attias, CEO of the non-profit organization that organizes the Future Investment Initiative, according to Agence France-Presse. The initiative, a three-day conference scheduled to begin October 25 in Riyadh, usually attracts Wall Street giants and high-ranking officials from around the world.
Steven Mnuchin, who served as Treasury Secretary under former US President Donald Trump, addressed the conference in its first edition in 2017, before announcing his withdrawal from participation the following year amid global outrage over the killing of Saudi journalist Jamal Khashoggi.
Last year's edition was attended by Don Graves, Deputy Secretary of Commerce under current US President Joe Biden, and in response to a question about representing the United States this year, Atias said we did not invite any US government officials. “We don’t invite a lot of politicians...because I realized that when you have political leaders on the platform, the media attention, let’s be very frank, gets diverted to the political agenda, and we don’t want the FII to become a political platform,” he added.
Atias said earlier in a press conference that more than 12 ministers of economy and finance will attend this year's edition. He also left the door open to the possibility of heads of state attending, saying: We will know in a few days who are the heads of state who are 100% sure to attend.
The Institute for the Future Investment Initiative headed by Attias is not officially associated with the Saudi government, but the annual conference in Riyadh is closely linked with Saudi Crown Prince Mohammed bin Salman, the de facto ruler of the kingdom.
In recent days, Saudi Arabia rejected US accusations that it sided with Russia in the Ukraine war by reducing oil production to raise black gold prices, and insisted that the decision was purely economic.
In a written speech on Sunday evening, Saudi King Salman insisted that his country is working hard, within its energy strategy, to support the stability and balance of global oil markets. Atias said he did not expect the dispute between Riyadh and Washington to affect the conference this year.
No effect whatsoever, Attias said. On the contrary, we see more demand from the private sector in the United States to attend the Future Investment Initiative, adding that the organizers have started rejecting some applications due to the lack of vacancies. He added: We do not practice politics at all. He continued, “We have never been in politics since our inception in 2017 (but) if people want to talk about geopolitics during the debate they are free to do so. LINK
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TNT:
Chevy: TWEET FROM TONY: OFFICIALLY.. NEXT SATURDAY IS SET AS A DATE FOR VOTING ON THE SUDANESE GOVERNMENT THE STATE ADMINISTRATION COALITION HAS SET, NEXT SATURDAY, AN OFFICIAL DATE FOR VOTING ON THE NEXT GOVERNMENT. TNT Tony #wearethepeople 10/18/22, 7:05 AM
Golferiam: I may have missed it earlier, but what has the Sudan government got to do with anything?
Yada: This is the Sudani the Prime Minister’s government they are referencing.
Plansguy1: Can someone explain what this tweet has to do with the RV??
Yada: We already have the President voted and sworn in. Now the new PM, along with his cabinet, will be voted in on Saturday. Once done, the rate will be released by the CBI. imo
RVAlready: I think this is a done deal. If not done soon, the UN could take action as already discussed.
Alf: And they ain't looking to go into a chapter #7 again or to lose control! !
SueMC: Personally, I hope that Sadr holds off for the 6 months that he said he would. However, for the people of Iraq I am sad that the same old people who have defrauded their country for years are getting into office again. We can only hope that Sudani does a fraction of what he said he would do in his speech.
RoraH: suemc...I agree with you 100%...with the caveat that the RV happens within those 6 months..er...6 weeks...or maybe even 6 days!!!
Yada: 6 days,,,
RVAlready: Yada, yep
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Courtesy of Dinar Guru
Frank26 Article: "The Central Bank of Iraq obtains an international certificate in cash management". AGAIN THE INTERNATIONAL COMMUNITY AND THE CBI ARE ONE IN THEIR GOALS.
Samson Article: "Parliamentary Investment: Iraq has a financial abundance of more than 86 billion dollars" Quote: "Iraq has a financial abundance of more than 86 billion dollars and does not need aid, and thus Iraq's economic strength has become very large, as Iraq, for the first time since the establishment of the Iraqi state until now, has financial abundance that neighboring countries do not possess,"
Global Markets Preparing for '1929-Like Scenario' | Bloomberg Intelligence
Stansberry Research:
"It's hard for the Fed to be much more aggressive than the are with the world tilting toward recession," says Mike McGlone, commodities strategist at Bloomberg Intelligence.
He says this a 1929-like scenario for international markets, and tells our Daniela Cambone that a bear market is now mainstream. Monetary supply is plunging for the U.S., which he says is a key indicator to pay attention to. Gold under the lens of other currencies besides the U.S. dollar is, "doing what it should be doing and protecting wealth."
McGlone concludes that other assets like bitcoin are at their most significant discount in a while, which he believes will cause the digital token to climb to $100,000 per coin.
STOCK MARKET ALERT: Is The Bottom In? DON'T COUNT ON IT! And This Is Why...
By Gregory Mannarino: 10-18-2022
"Coffee With MarkZ" Tuesday Morning Chat 10-18-2022
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Tuesday 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: Good morning Everyone ! have an awesome day !!
MZ: Still a bit quiet on the RV front….bond folks are still waiting to be paid. This surprises me based on conversations I have had with many bigwigs…I really did expect them to be home by now.
MZ: I am still being told they are still getting lots of guarantees that they will have FULL access to their money…not partial…this week…and the can will not be kicked again……fingers crossed.
MZ: No updates on CMKX or prosperity packages yet….
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Tuesday 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: Good morning Everyone ! have an awesome day !!
MZ: Still a bit quiet on the RV front….bond folks are still waiting to be paid. This surprises me based on conversations I have had with many bigwigs…I really did expect them to be home by now.
MZ: I am still being told they are still getting lots of guarantees that they will have FULL access to their money…not partial…this week…and the can will not be kicked again……fingers crossed.
MZ: No updates on CMKX or prosperity packages yet….
Member: Sat Iraq is seating govt!!
Member: Mark Z. Iraq now set to form their government Saturday. Could we have a exciting weekend? Or do we still have to wait.
MZ: We have an update out of Iraq as to what the new government is going to look like. They appear to be on track for having everything done within that 2 week period that is already started….almost half a week has gone now. This is good news for us and it appears Iraq has more stability.
Member: As a newbie…why is Iraq and their government so important to the RV??
Member: RV is short for ReValuation…..Their currency that we hold is a lynchpin to the GCR AND is very important …..many currencies will be revaluing at the same time…..But Iraq is important to us all .
Member: Will the RV be worldwide when it happens in the US?
Member: It is supposed to be.
Member: Three factors involved in this RV All countries need to have adequate reserves and the foreign AP and AR accounts of each country need to be balance via the currency that pays the accounts.
Member: Can you do a list of countries in the RV
Mod: Mod: 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwe (current currency)
Member: Why do you think the bond people keep being lied to???
Member: not sure how the US Treasury expects us to trust any of them with Zim/Humanitarian projects - I am rethinking all my "projects" due to what I have witnessed in leading bond holders on with timing.
Member: Are the bond folks in RENO, and if so are they at least getting complimentary chips to play with while they wait?...
Member: Maybe the bond folks have never left their homes and this is all misleading?
MZ: I can tell you absolutely 100% that many have left their homes…Many have also aggregated so that they take turns waiting and leaving one person in charge….so that not everybody has to be there living out of hotels and spending big money waiting.
Member: Wolverine says this week is a BQQM week
Member: Charlie Ward says it should all be done by March including the RV
MZ: I have heard dates like March and April for the culmination or ending of it. We would have been paid months before that though. Maybe they are referring to when all currencies go to parity at that time?
Member: Question, When we go to redeem our currency, will we all get the same rate of exchange. I heard one time that we can ask for a better rate. Will we signing an NDA also.
Member: We should all get the same and yes we will be signing NDA’s….for security reasons.
Member: Non-disclosure agreements, NDAs as they are sometimes called, are legally enforceable agreements between parties that are used to ensure that certain information will remain confidential
Member: Will NESARA and RV happen at the same time?
Member: Mark has said they are supposed to happen at the same time…..
Member: Where can we find out what we need to exchange and why the RV is happening? I’m new and really confused.
Member: , go to dinar recaps and click on post rv button, tons of info there
Member: if you are new….do research at Recaps or other dinar sites in their archives and post RV info categories…..it’s up to you to educate yourselves. We who have been in this a long time started there.
MZ: If I have time I may do a basic question recording for new people to play tomorrow while I am traveling…..i will try to answer a few basics question then…..if I have time.
Member: Distractions and Disinformation is out of control making the natives crazy. Don't dwell. Just keep the faith.
Member: Be positive, manifest positive,...dont manifest negative
Member: praying for positive while suffering through negative
Member: Wishing the greatest abundance of blessings to everyone! Thank you MarkZ & Mods for all that you do to keep us as a cohesive digital family. It means everything to have like-minded relationships!!
Dr. Rich and his team join the stream at the end….please listen to replay for this information
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
REMINDER – NO MORNING OR EVENING PODCAST WEDNESDAY OCT. 19. (Mark is traveling)
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.
News, Rumors and Opinions Tuesday AM 10-18-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 18 Oct. 2022
Compiled Tues. 18 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. evening 17 Oct. MarkZ: Bond Holders were expecting to be made liquid on Mon. 17 Oct. or Tues. 18 Oct. It’s been very quiet today. My bond folks did some updating of paperwork today as they were being told this was absolutely, undoubtedly, hands down their week.
They would be at home with not 1 or 2 percent, but 100% liquidity of their funds. This was important. I have gotten this from a couple different bond sources now.
They were being told this was not “the boy who cried wolf,” but this was it. So, cross your fingers and pray that it is.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 18 Oct. 2022
Compiled Tues. 18 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. evening 17 Oct. MarkZ: Bond Holders were expecting to be made liquid on Mon. 17 Oct. or Tues. 18 Oct. It’s been very quiet today. My bond folks did some updating of paperwork today as they were being told this was absolutely, undoubtedly, hands down their week.
They would be at home with not 1 or 2 percent, but 100% liquidity of their funds. This was important. I have gotten this from a couple different bond sources now.
They were being told this was not “the boy who cried wolf,” but this was it. So, cross your fingers and pray that it is.” https://dinarrecaps.com/our-blog/monday-evening-news-with-markz-10-17-2022
Tier 4B (Us, the Internet Group) was expected to receive notification to set exchange and redemption appointments within 72 hours after Bond Holders had their liquidity.
There were 120 countries (over 50% of the world’s currencies) on the brink of bankruptcy which have joined the BRICS Alliance nation-states.
This was considered the death of the Central Bank and the fiat US Dollar – and only a Global Currency Reset could save our global economy.
From Tues. 13 Sept. onward the Federal Reserve and its Central Banks were considered bankrupt. Each person in that old system has already had their fully funded account transferred to the new Quantum Financial System (QFS).
Right now that QFS was the only operating financial system in the world. The only currencies that could be entered into the QFS had to be gold-backed.
The Revaluation (RV) of world currencies officially began 24 Sept. 2022 when the Pound, Euro and US Dollar came to parity with each other.
Around the first of Oct. 2022 the Cabal (Chinese Communist Party/ Rothschilds/ Rockefellers/ Vatican/ Blackrock and DAVOS Group) missed a chance to take over BRICS and the Global Currency Reset in which more than half of the world’s currencies were now a part.
As of Sat. 8 Oct. the new US Note (USN) was physically present in all US banks.
The US Dollar was gold-backed as of 11 Oct.: https://dinarchronicles.com/2022/10/16/dollar-gold-backed-as-of-oct-11-by-rebecca-jr-10-16-22/
The Federal Reserve has posted its first operating loss. The only other time the Federal Reserve System had an operating loss was in 1915! The Feds killed to have their unconstitutional Central Banking system in play since 1913! We have been slaves to their system! Now the Feds are facing it’s first operating loss in 107 years!! It’s just a matter of time before this corrupt private entity goes kaput! https://capitalfxinvestment.com/2022/10/11/the-us-federal-reserve-reports-an-operating-loss-for-the-first-time-in-a-long-time/
Read full post here: https://dinarchronicles.com/2022/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2022/
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Courtesy of Dinar Guru:
Frank26 Article: "The Central Bank of Iraq obtains an international certificate in cash management". AGAIN THE INTERNATIONAL COMMUNITY AND THE CBI ARE ONE IN THEIR GOALS.
Clare Article: "Iraq tops the list of Arab countries with economic growth for 2022" Quote: "Iraq is heading towards achieving the highest economic growth rate among the Arab countries for the year 2022 by 9.3%, half a percentage point higher than April's expectations, taking advantage of the rise in oil prices."
China's Banking System on the Verge of Collapse as the Yuan Plunges
Steven Van Metre: 10-17-2022
Morgan Stanley WARNS: "Its Not Over." Expect ANOTHER CRISIS, MORE DEBT, AND HIGHER INFLATION.
Greg Mannarino: 10-17-2022
"Tidbits From TNT" Tuesday Morning 10-18-2022
TNT:
Tishwash: Officially.. Next Saturday is set as a date for voting on the Sudanese government
The State Administration coalition has set, next Saturday, an official date for voting on the next government.
The coalition said in a statement that it received "the information" that "the State Administration coalition held its regular meeting on Monday, which was devoted to discussing the formation of the government, in the office of Parliament Speaker Muhammad al-Halbousi."
He added that "the meeting discussed the latest political developments in the country and the need to expedite the formation of a government of service."
He explained that "the coalition confirmed its intention to invite the House of Representatives to hold a session next Saturday to vote on the government with all its members." link
TNT:
Tishwash: Officially.. Next Saturday is set as a date for voting on the Sudanese government
The State Administration coalition has set, next Saturday, an official date for voting on the next government.
The coalition said in a statement that it received "the information" that "the State Administration coalition held its regular meeting on Monday, which was devoted to discussing the formation of the government, in the office of Parliament Speaker Muhammad al-Halbousi."
He added that "the meeting discussed the latest political developments in the country and the need to expedite the formation of a government of service."
He explained that "the coalition confirmed its intention to invite the House of Representatives to hold a session next Saturday to vote on the government with all its members." link
KaseyKo1: Just received the following tweet from the office of Sheikh Qais Khazali ; Secretary-General of Asa'ib Ahl al-Haq ; Head of Parliamentary Bloc: "We promise the poor that they will have priority within the govt programs that we will implement in the next stage."
Annie68: With Maliki running the show? He's the reason they didn't have anything before!
KaseyKo1: With the UN stepping in, things will chg to a certain extent as to what Maliki will be able to get away with, in my opinion anyway. He will not be able to stop the RI/RV like he has in the past. There's no way the UN will allow that to happen. I'm waiting to see if Sadr does something on the 25th with the protests….I think we need to also keep in mind that there has been a lot of splintering within the Framework alliance & we don't really know with a full certainty who the dissenters are. There may be a reason why they want Malilki thinking he has great importance in the govt. We'll find out soon enough I suspect.
Yada: Agreed Kaseyko, he is not running the show as much as other think. The structure Kazimi left behind causes Maliki to lose much of his influence.
Yada: I was excited before and after the call. Kazimi left a government such whom ever take over, will not be able to alter it much. Its just the formalities of getting the government people in place. They want to be in charge of what is about to be released
KaseyKo1: This seating of the full govt may be something the UN has required of Iraq before the release of the new rate. REMEMBER: Stability.
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CandyKisses: Al-Sudani presents his booth to Parliament on Thursday.. And the Kurds decide their ministries
{Political: Al Furat News} Two members of the Patriotic Union of Kurdistan and the Kurdistan Democratic Party revealed that the Prime Minister-designate, Muhammad Shia Al-Sudani, will present his government cabinet to the House of Representatives.
A member of the Democratic Party, Haitham Al-Mayahi, told the program (Al-Mastra) broadcast by Al-Furat satellite channel this evening: "It is too early to talk about the quotas of the ministries, and next Thursday Al-Sudani will present his booth, and a number of sovereign ministries remain unresolved and the session is in order to pass the government."
He pointed out that "the Democrat is negotiating with the Ministries of Justice, Housing and Foreign Affairs, and another ministry may increase for the Kurdish component," noting that "there is an intention to form a parliamentary committee to monitor government performance."
He added, "There is sufficient freedom for the Sudanese to form his government, and he will present five candidates for each ministry and they will be agreed upon. Perhaps the Sudanese will be the one who will choose without a political nomination, and this is a decision by the State Administration Coalition."
He revealed "the desire of some ministers in Mustafa Al-Kazemi's government to remain in their positions, but we exclude that," noting that "there are very serious corruption files related to the October demonstrations and military and security files."
Al-Mayahi stressed, "The Sudanese have relations with all forces, and we expect that his government will last for four years if he implements his government program within a year.
For his part, the leader of the Patriotic Union of Kurdistan, Mahmoud Khoshnaw, said in today's episode (Alastra) that "the Kurds will get 4 ministries, which may be divided equally between the Patriotic Union and the Democratic Party, or the latter may get three of them."
He added that "six ministries will be for the Sunni component, 12 ministries for the Shiite component, 12 for the Shiites, and one ministry for Christians. These leaks remain close to the truth."
And he indicated that the ministries of "foreign, finance and justice, which are sovereign ministries, will decide two of them for the Kurds, and perhaps water resources, justice and health have been obtained by the Kurds as well," adding that it is likely "the creation of some positions to satisfy national components."
Khoshnaw stressed, "There should be no return to quotas in the Sudanese government, and all forces are obliged to support it, and there is no choice but for the two Kurdish parties to go to dialogue to solve the outstanding problems between them."
The Kurdish leader promised, "The Sudanese government is the last chance for the political system, and the failure does not affect the Sudanese personally, but rather the political system. The stage is very critical and sensitive."
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Tishwash: International companies present their offers to invest in oil and gas fields in Anbar
The director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, announced on Monday that international companies have submitted their offers to obtain investment opportunities to invest in oil and gas fields in the western regions.
Al-Obaidi said in a statement to "Al-Maalouma", that "delegations from French and American investment companies and from other foreign nationalities specialized in this field expressed their willingness to obtain investment opportunities to work in the western regions for the purpose of investing in oil and gas fields after reviewing the work sites."
He added, "International investment companies began to make contacts with the central government against the backdrop of the Oil Exploration Company's announcement of the discovery of dozens of oil and gas fields in the western regions comparable to what exists in the Gulf countries, which created a state of global competition with international investment companies to obtain an opportunity to invest oil fields. and gas in Anbar.
Al-Obaidi explained, "The local government in Anbar informed the companies applying for investment opportunities in the energy field to open channels of communication with the central government, because the investment in oil and gas fields has a sovereign dimension. The local government is not allowed to conclude any agreement with investment companies unless the advanced companies obtain The approval of the central government,” stressing that “the desire of Arab and foreign investment companies to obtain investment opportunities in Anbar comes against the background of the stability of the security situation in all cities of the province.” link
Mot: .. poor ole Sparky was at the doctors ....
Mot: ... He has a Tear!!! - Can You Fix Um!!??? ~~~~
Monday Evening News with MarkZ 10-17-2022
Monday Evening News with MarkZ 10/17/2022
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 evening….hope everyone had a really good day today.
Member: Still praying this is our week.
Member: Have the bond holders been paid out yet?
Monday Evening News with MarkZ 10/17/2022
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 evening….hope everyone had a really good day today.
Member: Still praying this is our week.
Member: Have the bond holders been paid out yet?
MZ: It’s been very quiet today….My bond folks did some updating of paperwork today and they are being told this is absolutely, undoubtably, hands down their week and they will be at home with not 1 or 2 percent but 100% liquidity of their funds…..This is important.
MZ: I have gotten this from a couple different bond sources now. They are being told this is not the wolf. (boy who cried wolf) that this is it…So cross your fingers and pray this is it.
MZ: I will keep you posted as the week developes…..as to what this means for us –timing wise. We had heard similar things in the past….so stay grounded.
Member: Let’s get this RV started!
Member: Wolverine says folks flying to Zurich to get paid…
Member: Hi MarkZ! Frank26 says Monday!!
Member: Bank closed Oct 22nd to Oct 25 for going to new system . I asked a teller "Oh you are going to the QFS?" She literally stuttered. I said Ah NDA and she smiled and said "Yeah"
Member: My bank is closed Oct 22 thru 25th for new system. I asked if they are going to the QFS. The teller stuttered Mark
Member: Iraq's new $20k note is not for general public, it is for international trade payments.
Member: Nick Fleming says the Zim will not be exchanged
MZ: I am not hearing that from anybody….not from any of my banking sources or group sources.
MZ: I have not heard from Sheila…..when I do I will let you know. I will call her this evening. If she is under a NDA…this would be big….it would probably be for CMKX.
Member: Who is Sheila?
Member: Sheila is a CMKX investor with lots of contacts as to when people can cash in their shares of stock
Member: As long as the rats are still in power…. Nothing…. No Nesara and no RV….
Member: I want to see the cabal arrested almost as much as I want the RV.
Member: Rats are going to do as much damage as they can on their way out.
Member: Everything I have read about NESARA, when it is announced all government leaders must step down or be removed. This includes, Presidents, VP's, Congress, Governors, Prime Ministers, etc. Lawyers too.
MZ: Great article “ Europe has been preparing a Global gold Standard since the 1970’s Part 2”
Member: Hi Mark . . . any idea what the Dinar Recaps (and others) "headline" will say when it is "go time"?
Member: Recaps posted they would have fireworks on the site when it happens….
Member: Patience Is A Virtue & A Reward. Some Have Been Waiting Years & Others Decades. Mr C Has Been Patient For 32 Years. Hang In There People.................
Member” Thanks to all the moderators and your work!
Member: Huge thanks as always for bringing this community all the latest news & updates.
“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/
THANKS FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL TOMORROW FOR COFFEE AT 10:00 AM EST - UNLESS THERE IS BREAKING NEWS! MARK WILL TWEET WITH ANY NEWS UPDATES. MARK’S TWITTER @ORIGINALMARKZ
REMINDER – NO MORNING OR EVENING PODCAST WEDNESDAY OCT. 19. (Mark is traveling)
Europe Has Been Preparing a Global Gold Standard Since the 1970s: Part 2
by Tyler Durden
Monday, Oct 17, 2022 - 02:30 AM
By Jan Nieuwenhuijs of GainesvilleCoins.com
There is more evidence of how European central banks are equalizing their monetary gold reserves proportionally to Gross Domestic Product (GDP). Secret agreements make countries sell or buy gold to balance gold reserves within Europe, and relative to large economies abroad. Evenly distributed gold reserves are a requirement for a stable transition towards a gold standard whereby concurrently the debt overhang can be extinguished. Europe has been preparing for this reset.
Conclusion
It seems all countries in the E.U. have secretly agreed to the gold strategy I have outlined above. If my analysis is correct, and the trend of equalizing reserves continues, we can expect some countries in the E.U. to buy gold (i.e. the Czech Republic), others foreign exchange (i.e. Denmark), and still others sell foreign exchange (i.e. Croatia). Countries outside the E.U. will continue buying gold as well to come on par. Except, of course, the United States.
The reset described above will happen when all large economies are in an insurmountable crisis. Revaluing gold to cancel government debt is not something they want to do more often so it comes down to one window of opportunity. If one country goes at it alone prematurely it may spoil the opportunity of a smooth transition to a gold standard.
Read full article here: https://www.zerohedge.com/markets/europe-has-been-preparing-global-gold-standard-1970s-part-2
More News, Rumors and Opinions Monday Night 10-17-2022
KTFA:
Samson: A banking expert reveals a surprise in the stolen tax trillions... and important details
10/16/2022 20:43:31
The banking expert, Abdul Rahman Al-Sheikhly, revealed, on Sunday evening, a surprise in the trillions of stolen tax, amounting to "3 trillion and 700 billion dinars."
Al-Sheikhly told Al-Furat News that: “The process of stealing money began since 2015 by collecting from merchants and those covered by the tax a rate of between (5-10%) of the money that is dealt with, as it is deposited as trusts in the Rafidain Bank at the expense of the General Authority for Taxes and continued. It escalates until it is revealed now."
KTFA:
Samson: A banking expert reveals a surprise in the stolen tax trillions... and important details
10/16/2022 20:43:31
The banking expert, Abdul Rahman Al-Sheikhly, revealed, on Sunday evening, a surprise in the trillions of stolen tax, amounting to "3 trillion and 700 billion dinars."
Al-Sheikhly told Al-Furat News that: “The process of stealing money began since 2015 by collecting from merchants and those covered by the tax a rate of between (5-10%) of the money that is dealt with, as it is deposited as trusts in the Rafidain Bank at the expense of the General Authority for Taxes and continued. It escalates until it is revealed now."
He added, "This amount is assumed, after a year of this year has passed, the tax account will be made with the individual. The value of the amount due to be paid is calculated, and therefore it will be returned to him; for this reason, large sums have accumulated since 2015 until now, so this money has become almost loose because it did not enter the final accounts and public files, but rather put in a special file {Al-Amanat}".
Al-Sheikhly emphasized, "More than 270 instruments were issued by the General Tax Authority of the Rafidain Bank, and the money withdrew in this way." Al-Sheikhly cleared the responsibility of the Ministry of Finance and the Rafidain Bank from the accusation, saying, "The Ministry of Finance is the one who exposed the theft, but there is complicity from several sides in the implementation of the theft of money by issuing official documents, and the Rafidain Bank is not concerned with the theft and has no responsibility."
Al-Furat News obtained a letter issued by the Ministry of Finance addressed to the Integrity Commission regarding allegations of theft of tax deposits deposited in Al-Rafidain Bank amounting to (3.7) trillion Iraqi dinars. And the caretaker prime minister, Mustafa Al-Kazemi, ordered the opening of an investigation into the loss of the huge amount. While the Prime Minister-designate, Muhammad Shiaa al-Sudani, commented on the incident and said, "We will never hesitate to take real measures to curb corruption that has so brazenly spread in the joints of the state and its institutions, and we will not allow the Iraqis' money to be plundered, as happened with the funds of the General Authority for Taxation in the Rafidain Bank."
Sunday, Al-Rafidain Governmental Bank distanced itself from the theft of the amount and confirmed, "It has nothing to do with any manipulation or theft that is being talked about, and that its mission was limited to disbursing the instruments of the General Tax Authority from its branches after verifying the validity of their issuance in official books between the bank." and body.”
Al-Rafidain Bank stressed, "Not to steal any sums of money from its branches, and indicates that it is committed to the mechanisms related to the anti-money laundering and terrorist financing law, and that the whole issue is being examined by the judiciary, and that the bank continues to cooperate with the competent authorities to reveal the facts." LINK
************
Samson: Including officials.. Integrity arrests suspects red-handed for bribery in 5 governorates
17th October, 2022
The Iraqi Integrity Commission announced on Monday that a number of officials and employees had been caught red-handed in five Iraqi governorates.
In a statement received by Shafaq News Agency, the authority said that the field team of the Muthanna Investigation Office moved to the Treasury Directorate in the governorate, and was able to arrest the director of the financial department in flagrante delicto; While receiving the bribe from the service employee in the department.
She added that the staff of the Diyala Investigation Office arrested the file officer in the Baqubah Execution Directorate, while taking bribes from the auditors. in exchange for performing her functional duties,” pointing out that “the accused blackmailed the auditors and obstructed the progress of their transactions; to force them to pay bribes.
In Babil Governorate, the office team followed up and seized the Hilla municipality property registry investigator who requested a sum of money from a citizen in exchange for agreeing to rent a store owned by the Hilla Municipality Directorate, where the accused was caught red-handed while receiving the bribe.
The commission indicated that the staff of the Karbala Investigation Office, which moved to the real estate bank in the governorate, arrested an employee in the bank in flagrante delicto upon receiving the amount of four million and 500 thousand dinars from one of the auditors applying for a loan from the bank, pointing to the agreement of the accused with the auditor to receive Another amount after the approval of the loan transaction.
She explained that the staff of the Commission's investigation office in Diwaniyah arrested an employee of the Medical Committees Division in the governorate red-handed receiving a sum of money from a citizen. In return for completing the transaction of his sister, indicating that the accused admitted to receiving the bribery amount that was seized in his possession; Transaction completion meeting.
The commission confirmed that fundamentalist seizure records were organized and presented, along with the accused, to the judges of the investigation courts specialized in integrity issues in the governorates of Muthanna, Diyala, Babil, Karbala and Diwaniyah, who decided in turn to arrest the accused in accordance with the provisions of Article 307 of the Penal Code and Resolution 160 of 1983.
************
Samson: Fake factories drain public money in Iraq: another face of corruption
17th October, 2022
The Iraqi Border Ports Authority revealed the seizure of a number of fake factories, saying that their owners had obtained customs and tax exemptions in amounts amounting to billions of dinars, in one of the new corruption files being raised in the country, confirming that an investigation had been opened into the file
Corruption is one of the most dangerous files in the country, as it is often intractable to the authority of the state and the law, especially as it is linked to parties that dominate the political scene in the country, and have armed arms that threaten even state institutions
And the Iraqi Border Ports Authority said in a statement, yesterday evening, Sunday, that it "was able to seize fake factories and factories whose owners had previously obtained customs and tax exemptions in violation of the controls," noting that "the process of controlling factories took place after obtaining a judicial decision that includes approval to move to The location of a group of alleged factories to reveal the truth of their existence
She added that "it turned out that these factories are fake, and they are small shops that do not rise to being a factory or a factory that requires granting exemptions from fees," stressing that "this is a fraud on the state institutions specialized in granting exemptions, which bear full responsibility as a result of their lack of auditing." Factories and factories before granting exemption books, as well as their lack of seriousness in following up on the arrival of those exempted materials to the beneficiaries
She pointed out that "the owners of these factories and factories located in Basra Governorate have used the materials that were exempted from customs and tax duties for other than the purpose for which the exemptions were granted and in very large quantities, amounting to billions of dinars, which caused a waste of public money
Confirming that "a fundamentalist seizure report was organized and the method was presented before the investigation judge, who in turn issued a decision to refer the file to the Basra Integrity Investigation Directorate for investigation according to jurisdiction, and under the supervision of the integrity judge in the province to hold accountable all those associated with these suspicious acts targeting the Iraqi economy in the core. The owners of factories and factories obtain some customs and tax exemptions, in a step adopted in the country to encourage investment in the private sector and local production
This is taking place at a time when the Iraqi authorities announced, today, Sunday, the start of an investigation into the case of theft of 3 trillion and 700 billion Iraqi dinars; The equivalent of $2.5 billion from the state treasury, hours after Oil Minister Ihsan Abdul-Jabbar, who had submitted a request to be relieved earlier from the position of acting finance minister, admitted that the money was stolen from the state-run Rafidain Bank, which is tax revenue money
The rampant corruption in the country has dragged it into serious economic and financial crises from which it is not easy to get out, which included all aspects of life such as electricity, water, the health system, job opportunities, and others LINK
Factory Activity CRATERS As Economic FREEFALL Worsens. IMPORTANT UPDATES...
Greg Mannarino: 10-17-2022
Global Banking Elites Hold Secret Emergency Meeting As Outlook Rapidly Deteriorates
Michael Cowan: 10-17-2022
Global Banking Elites Hold Secret Emergency Meeting As Outlook Rapidly Deteriorates
The Fed's Choice is Hyperinflation or Destroy the Economy
Bob Moriarty: The Feds Choice is Hyperinflation or Destroy the Economy
Palisades Gold Radio: 10-17-2022
Tom welcomes Robert Moriarty back to the program to discuss the interesting times happening around the world. He says, "I'm an equal opportunity anarchist, I despise all governments equally. They're all stupid and are doing these incredibly short-sighted things."
We're seeing CPI numbers blowing out across Europe. This is incipient hyperinflation. Western policies are self-destructive and all of these governments are doing the wrong things repeatedly.
The Fed is cornered between hyperinflation and destroying the economy. It's like choosing between dying from a heart attack or lung cancer.
The entire world is run my mental midgets and the west is committing suicide by sanctions.
Bob Moriarty: The Feds Choice is Hyperinflation or Destroy the Economy
Palisades Gold Radio: 10-17-2022
Tom welcomes Robert Moriarty back to the program to discuss the interesting times happening around the world. He says, "I'm an equal opportunity anarchist, I despise all governments equally. They're all stupid and are doing these incredibly short-sighted things."
We're seeing CPI numbers blowing out across Europe. This is incipient hyperinflation. Western policies are self-destructive and all of these governments are doing the wrong things repeatedly.
The Fed is cornered between hyperinflation and destroying the economy. It's like choosing between dying from a heart attack or lung cancer.
The entire world is run my mental midgets and the west is committing suicide by sanctions.
Governments attract sociopaths who desire power, and they focus on short-term solutions that don't work.
You don't want to mess with the energy supply demand signals by bailing out your citizens. This is a terrible idea, just like the 'inflation reduction act'. There are no positive benefits to most policies of government today.
The relationship between the U.S.A. and the Europeans is going to change dramatically when they wake up to reality this winter. Politicians and bureaucrats don't understand the law of unintended consequences. Those in charge rarely recognize the potential problems their policies will create.
The same problems Europe is facing are going to happen in the United States. Every pension in the world is bankrupt. Things are going to become serious very soon.
Bob explains how a debt jubilee is supposed to function in an economic system.
We're already seeing the catastrophic impact of a high dollar. A lot of debt is based in the dollar, and most don't understand the dollar index. It's a basket of currencies, and it reflects the decline in value of other currencies. There is no fixing the bond crisis that's coming other than to write off the debt.
The solution is to go back to gold, but no one will want to do it until they have no other choice.
Bob believes that Russia and the BRICS nations will lead the world in a move to a gold system.
In the modern system, every financial market is manipulated, but the suppression only works for a while. Resource stocks are as cheap as they have ever been. Lastly, he discusses his 'latest' book, "No Guts No Glory" which chronicles his 'Glory Days of International Aircraft Deliveries.'
Time Stamp References:
0:00 - Introduction
0:38 - Interesting Times
2:38 - Western Policies
6:02 - Gov't Incentives
12:42 - Unintended Consequences
17:20 - Confidence & Currency
24:33 - Voluntary Collapse
26:30 - Dollar Strength
28:27 - BRICS & Russia
29:50 - Metals Manipulation?
35:35 - Mining Equities
42:25 - Juniors Vs. Physical
47:16 - Publishing His Book
52:10 - Wrap Up
Talking Points From This Episode
- Why government and their policies are often short-sighted and frankly stupid.
- Fed is caught between choosing hyperinflation or economic collapse.
- Energy problems in Europe this winter will create tension between western nations.
A New Era of Money by Eswar Prasad
KTFA:
Samson: A new era of money
6th October, 2022 by Eswar Prasad
With electronic bytes replacing the dollar, the euro, and the yuan, some changes — but not others — would be welcome.
Money brought about radical changes in human society, as it opened the way for trade and all commercial activities, even among geographical locations far apart. It allows wealth and resources to move across different regions and times. But throughout most of human history, it has been the subject of greed and robbery.
Today, money is on the brink of a transformation that could reshape banking and financial activities, and perhaps even society.
KTFA:
Samson: A new era of money
6th October, 2022 by Eswar Prasad
With electronic bytes replacing the dollar, the euro, and the yuan, some changes — but not others — would be welcome.
Money brought about radical changes in human society, as it opened the way for trade and all commercial activities, even among geographical locations far apart. It allows wealth and resources to move across different regions and times. But throughout most of human history, it has been the subject of greed and robbery.
Today, money is on the brink of a transformation that could reshape banking and financial activities, and perhaps even society.
More importantly, the era of physical currency, or cash, is coming to an end, even in low- and middle-income countries; The era of digital currencies has begun. A new round of competition between official and private currencies in both local and international forums is looming on the horizon. The proliferation of digital technology that is giving this transformation its impetus can encourage the creation of beneficial innovations and expand access to basic financial services. But there is a possibility that technological advances will intensify the concentration of economic power and allow large corporations and governments to interfere more in our financial and private lives.
Traditional financial institutions, especially commercial banks, face challenges with their business models in light of technological developments resulting from the emergence of electronic banks that can reach a greater number of customers and the emergence of electronic platforms via the Internet, such as Prosper Bank, which can deliver Borrowers direct savers.
These new institutions and online platforms increase competition, encourage innovation, and reduce costs. Savers will have access to a wider range of savings, credit and insurance products, while small entrepreneurs will be able to secure their financing needs from sources other than banks, which often have strict loan guarantee and collateral requirements. Domestic and international payments are getting cheaper and faster, benefiting consumers and businesses.
Stability concerns
The emergence of cryptocurrencies such as Bitcoin initially had the potential to revolutionize payments. Cryptocurrencies do not depend in conducting transactions on the funds of central banks or trusted intermediaries such as commercial banks and credit card companies, which limits the inefficiencies and added costs involved in these intermediaries. However, the volatile prices of cryptocurrencies, restrictions on their transaction sizes, and the time taken for transactions made them ineffective as mediums of exchange.
New forms of digital currencies known as stablecoins are gaining more effectiveness as a payment method, although ironically most of them get their stable value from being backed by large amounts of central bank money and government bonds. Blockchain technology is Underpinning these currencies are stimulating far-reaching changes in money and finance that can powerfully affect households, businesses, investors, central banks, and governments. This technology, by providing secure ownership of purely digital objects, encourages the emergence of new digital assets, such as non-fungible tokens (NFTs).
At the same time, central banks are concerned about the repercussions on financial and economic stability if decentralized payment systems (Bitcoin forks) or private stablecoins replace cash and traditional payment systems operated by regulated financial institutions. The infrastructure of a fully private-sector payment system may be efficient and low-cost, but some parts of it may cease to function if confidence is lost during periods of financial turmoil. Without an efficient payment system, any developed economy will end up in a sudden stop.
In response to such concerns, central banks are currently considering issuing digital forms of central bank money for use in retail payments - ie central bank digital currencies (CBDCs). Central banks' motives range from expanding financial inclusion (allowing even those without bank accounts to benefit from a free digital payment system) and raising the efficiency and stability of payment systems by creating a public payment option as a back-end (a role that cash plays at the same time). Present).
But a central bank digital currency has other potential advantages. It will impede illicit activities such as drug deals, money laundering and terrorist financing operations that depend on anonymous cash transactions. It will encourage more economic activities to leave the shadow economy and enter the formal economy, making tax evasion more difficult. Small businesses will benefit from lower transaction costs and avoid the hassles and risks of handling cash.
Dangers of mass clouds
But digital central bank currency also has its drawbacks. Including that they pose risks to the banking system. Commercial banks play a vital role in creating and distributing credit that keeps economies running smoothly. But what would happen if households moved their money from regular bank accounts to digital wallets at central banks, believing they were safer even if they were not paying any interest? If the commercial banks are deprived of deposits, the central bank may find itself in an undesirable position of having to undertake the business of distributing credit, deciding which sectors and companies are eligible for the loans. In addition, having a central bank operate a retail payments system would eliminate private sector innovations aimed at making digital payments cheaper and faster.
Another concern of equal importance is the potential loss of privacy. Even with the safeguards put in place to ensure confidentiality, a central bank will want to keep a verifiable record of transactions to ensure that its digital currency is used only for legitimate purposes.
Hence, central bank digital currency poses the risk of eventually eliminating residual anonymity and privacy features in commercial transactions. However, a carefully designed central bank digital currency, taking advantage of rapidly evolving technical innovations, would mitigate many of those risks. Nevertheless, for all its advantages, the prospect of digital central bank currency eventually replacing cash should not be tolerated.
New technologies would make it more difficult for the central bank to carry out its main tasks - keeping unemployment and inflation low by controlling interest rates. When a central bank such as the US Federal Reserve changes its key interest rate, it affects the interest rates on commercial bank deposits and loans understandably to a reasonable extent. But if the proliferation of digital lending platforms reduces the role of commercial banks in intermediating between savers and borrowers, we do not know whether or how this mechanism for transmitting monetary policy effects can continue to function.
Currency competition
The basic functions of central bank money are on the cusp of imminent change. As recently as a century ago, private currencies competed with each other and with the currencies issued by governments, also known as trust money. The emergence of central banks has shifted the scales forcefully in favor of the legal release currency or trust money, which acts as a unit of account, a medium of exchange, and a store of value. With the emergence of various forms of digital currencies, and the technology that underpins them, it has become possible to separate the functions of money and direct competition with legal release currencies has arisen in some aspects.
Central bank currencies are likely to retain their importance as stores of value, for countries that issue them in digital form, and as mediums of exchange. However, the importance of privately brokered payment systems is likely to increase, intensifying competition between various forms of private money and central bank money regarding their role as mediums of exchange. If we let market forces run on their own, some money issuers and payment technology providers could dominate the scene. Some of these changes may affect the nature of money itself - how it is formed, what it looks like, and its role in the economy.
If we allow market forces to act on their own, it is possible that some money issuers and payment technology providers will dominate the scene.
International money flows
Innovative forms of money and new channels for moving money between and within economies will reshape international capital flows, exchange rates, and the structure of the international monetary system. Some of these changes will have significant benefits, while others will pose new challenges.
International financial transactions will become faster, cheaper, and more transparent. These changes will be a boon for investors seeking to diversify their investment portfolios, companies seeking to mobilize money in global capital markets, and economic migrants who send money back home. Faster and cheaper cross-border payments will boost trade as well, which will particularly benefit emerging market and developing economies that depend on export earnings for a large portion of their GDP.
However, the emergence of new entities to transact with cross-border money flows will facilitate not only international trade but also illicit flows, creating new challenges for regulators and governments. It will increase the difficulties faced by governments in controlling cross-border flows of legitimate investment capital. This poses specific challenges to emerging market economies, which have suffered from periodic economic crises as a result of foreign capital inflows suddenly and in large quantities. These economies will be more exposed to the risks of monetary policy actions by the world's major central banks, which could lead to these capital outflows.
The strength and credibility of digital central bank money is only to the extent of the strength of the institution that issues it and the degree of its credibility.
Neither the emergence of digital central bank currencies nor the reduction of barriers to international financial flows alone will be able to achieve significant progress towards realigning the international monetary system or the balance of power between major currencies. The cost of direct transactions between any emerging market currency pair is decreasing, reducing the need for "intermediate currencies" such as the dollar and the euro.
But the major reserve currencies, especially the dollar, will likely retain their dominance as stores of value because that dominance is based not only on the economic size of the issuing country and the depth of its financial market, but also on the strength of the institutional foundation necessary to maintain investor confidence. Technology cannot be a substitute for an independent central bank and the rule of law.
Similarly, central bank digital currencies will not be able to solve fundamental weaknesses in the central bank's credibility or other problems, such as the government's undisciplined fiscal policies, affecting the value of the national currency. And when the government suffers from a large budget deficit, the hypothesis that the central bank receives directives to issue more money to finance this deficit often leads to higher inflation and a decrease in the purchasing power of the central bank’s money, whether physical or digital. In other words, the strength and credibility of digital central bank money is only as strong and credible as the institution issuing it.
The role of the government
In the coming years, central banks and governments around the world face the challenge of making important decisions about whether to resist new financial technology, passively accept private-sector-led innovation, or be satisfied with the potential efficiency gains that new technology presents.
With the emergence of cryptocurrencies and the prospects for digital central bank currencies, important questions have arisen about the role that government should play in financial markets, that is, whether it is inserting itself into areas that it is best left to the private sector, and whether it can compensate for market failures. Especially the large number of families that do not deal enough with the banking system or do not deal with it at all in developing economies and even in advanced economies such as the United States.
As evidenced by recent cryptocurrency booms and busts, regulation of this sector will be essential to maintaining the integrity of payment systems and financial markets, ensuring adequate protection for investors, and encouraging financial stability. However, given the huge demand for highly efficient payment services at the retail, wholesale and cross-border levels, financial innovations led by the private sector could bring significant benefits to households and businesses. In this regard, the main challenge for central banks and financial regulators is to balance financial innovation with the need to mitigate risks to uninformed investors and to overall financial stability.
New financial technology holds the promise of facilitating access to a variety of financial products and services even for needy families, thereby democratizing finance. However, technological innovations in finance, even innovations that may give way to highly efficient financial intermediation, may have opposing repercussions on income and wealth inequality.
The wealthy could benefit greatly from the benefits of innovations in fintech, which they could use to increase financial returns and diversify risks, and existing financial institutions could adopt these changes for their own benefit. In addition, because the economically marginalized have a limited ability to participate in the digital society and lack financial awareness, some changes may tempt them to enter into investment opportunities that they are not fully aware of and cannot afford. Thus, the implications for income and wealth inequality - which have increased dramatically in many countries and are causing political and social tensions - are hard to understand.
Another major change is the increase in stratification at the national and international levels. Smaller economies and economies with weak institutions may see the end of their central banks and local currencies, increasing the concentration of economic and financial power in the hands of major economies. Meanwhile, big companies, such as Amazon and Meta, could gain greater power by controlling both trade and finance.
Even in a world dominated by decentralized finance activities based on the innovative blockchain technology used in Bitcoin (which is likely to be the true legacy of this technology), governments have important roles to play in the areas of enforcing contract and property rights, protecting investors, and ensuring financial stability. Ultimately, cryptocurrencies and innovative financial products also seem to work most efficiently when they are based on the trust derived from government oversight and control. Governments have a responsibility to ensure that their laws and procedures encourage fair competition, not favoring established institutions with strong positions, nor allowing large players to stifle their smaller competitors.
Centralized or fragmented curriculum?
Financial innovations will create new and hitherto unknown risks, especially if market participants and regulators place too much faith in the technology. Decentralization and its direct result, ie fragmentation, are a double-edged sword. They can increase financial stability by reducing central points of failure and increasing resilience by intensifying the level of redundancy. On the other hand, while fragmented systems can function efficiently in good times, trust in them can become fragile in bad times. If the financial system is dominated by decentralized mechanisms that are not directly backed (eg banks) by a central bank or other government agency, trust can all too easily erode. Thus, decentralization can bring efficiency in good times and quickly destabilize when economies are struggling.
It is also likely that major changes in the societal structure are imminent. Replacing cash with digital payment systems would eliminate any remnants of privacy in commercial transactions. Bitcoin and other cryptocurrencies have been intended to provide anonymity and privacy and de-reliance on governments and major financial institutions for commercial transactions, but they are spurring changes that could end up weakening privacy. Societies will struggle to rein in the power of governments at a time when individual freedoms are at greater risk.
* Eswar Prasad, Professor at Dyson College at Cornell University and a Senior Fellow at the Brookings Institution, is the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance.
"Coffee With MarkZ" Monday Morning Chat 10-17-2022
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday 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: another week and another possibility for the RV
Member: I PRAY this goes this week
MZ: Iraq is giving us all the news we need t let us know we are in a 2 week window. We are already into that 2 week window…..This is important… They are giving us their timeline. The Sudani cabinet will be completed in less than 2 weeks. After months and months of stalemate- Iraq is finally making progress. We pray its sooner that 2 weeks……..my bond people think it is.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday 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: another week and another possibility for the RV
Member: I PRAY this goes this week
MZ: Iraq is giving us all the news we need t let us know we are in a 2 week window. We are already into that 2 week window…..This is important… They are giving us their timeline. The Sudani cabinet will be completed in less than 2 weeks. After months and months of stalemate- Iraq is finally making progress. We pray its sooner that 2 weeks……..my bond people think it is.
MZ: Bond folks believe today and tomorrow will be magical and they will get a full release of their dollars and finally get to go home. I hope to have solid news by mid afternoon.
Member: I hope your banking sources are correct
Member: Mark, Why would they project a date?
MZ: My guess is they want everyone looking at that date …and imo they will go before that date. That is what makes sense to me.
Member: Saudi Arabia is joining the BRICS
MZ: Boom. This is probably the biggest news over the weekend. After a sit down with Saudi Arabia and the leader of S. Africa has confirmed that the kingdom of Saudi Arabia has expressed a desire to join the Brazil, Russia, Indoneisia, China , S. Africa BRICS family . The President concluded his visit to the SA kingdom confident that both countries have cemented their bi-lateral cooperation and consolidated their strategic partnership…
MZ: This is huge. Saudi Arabia has now made it publid….The markets right now should be crapping their depends. They should be imploding after this news. But, we see they are doing the opposite because of all the US dollars returning to our shores. It’s an artificial high and the crash will be spectacular after this.
MZ: and “China is facing a full blown debt crisis with 6 trillion at risk as Xi ZinPing eyes a unprecedented third term.” The $8n trillion are bonds by local government debts. These are bills they cannot pay because of the crash. As the real estate market implodes there, they are looking at a $8 trillion default by local governments. Local municipalities are going belly up in China.
Member: Which currencies will still be a good investment after initial basket ?
Member: Any low value currency that has joined BRICS is a good buy. Not an expert just using my noggin!
Member: I heard yesterday that we are in the 8th phase of Nesara ! Close to being rolled out totally!
Member: 50 yr Jubilee equals Nesara and Gesara.
Member: Heard a prophecy that Oct 22nd Bank systems will fail, then Bo Polny said Oct 24th crash of stock market...that is next week
MZ: Many people seem to be pointing to the end of the month. But I hate it….hate that another month has run away while people suffer. If you just follow the charts….the statistics from, 1929, 1987, 2008…..he may be right within a day or two of the markets crashing.
Member: Julie says only takes God one day to turn it all around.
Member: for those of you losing hope, the way I see it if Mark can keep it after all these years which is way more than as many as I have been involved then we can keep up the hope too!
Member: Keep your vibes up and positive. Thoughts are living frequencies and positivity brings good, negativity brings the opposite.
Member: Hope for great news tonight and hope you're wearing your gold bling tonight!
Member: Thank you Mark for everything that you do we really appreciate you… hugs…
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
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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" Monday AM 10-17-2022
TNT:
Harambe: Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance minister
10-17-22
Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday.
He said Zimbabwe had begun issuing bonds with maturities of between two and 20 years in order to honour its debt to creditors and was looking at how they can be traded, while it was also looking to issue bonds to compensate white former farmers over time.
Zimbabwe, which has suffered bouts of hyperinflation in the past 15 years, has over $10 billion in external debt, mostly in arrears. It has not received funding from lenders like the IMF and World Bank for more than two decades as a result.
TNT:
Harambe: Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance minister
10-17-22
Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday.
He said Zimbabwe had begun issuing bonds with maturities of between two and 20 years in order to honour its debt to creditors and was looking at how they can be traded, while it was also looking to issue bonds to compensate white former farmers over time.
Zimbabwe, which has suffered bouts of hyperinflation in the past 15 years, has over $10 billion in external debt, mostly in arrears. It has not received funding from lenders like the IMF and World Bank for more than two decades as a result.
“We’ve begun to make token payments to the World Bank, the AfDB (African Development Bank), European Investment Bank,” Ncube said. “And all the Paris Club creditors, 17 of them, we will be making token payments to show that we want to be a good debtor.”
He said IMF staff would visit Zimbabwe in December and then discuss a staff-monitored programme in the first and second quarter of 2023.
That, he said, would enable access to “resources from a sponsor who will help us with bridge funding in order to clear the arrears” to international lenders and after that to restructure its debt to bilateral Paris Club creditors.
Inflation in Zimbabwe fell in September to 280.4% annually and 3.5% month on month, from 285% and 12.5% in August.
Ncube said that the country would consider cutting interest rates after three to four months of monthly inflation at 3%, though he would prefer 1%.
In September, Zimbabwe’s central bank held its main interest rate at 200%, having hiked the rate from 80% in June.
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Harambe: Vietnam Central Bank Widens Currency Trading Band Amid Slump | Bloomberg
10/17/22
Vietnam’s central bank widened the dong’s trading band, signaling authorities are willing to tolerate more weakness in the currency.
The State Bank of Vietnam widened the dong’s daily trading range to 5% on either side of the fixing rate from 3%, effective Monday, it said in a statement on its website on the same day. The dong dropped as much as 0.8% to 24,310 per dollar to set a new record low.
“This is a signal to the market that it’s tolerating more FX weakness and volatility,” said Trinh Nguyen, a senior economist at Natixis SA in Hong Kong. “It suggests the central bank is less willing to use reserves to defend the dong.”
The US dollar’s relentless climb higher is forcing central banks to step up intervention, with emerging nations at risk of exhausting their dollar reserves too soon. Vietnam’s decision underscores the path that some nations may take to conserve their firepower, in contrast to others like China which is keeping a tight leash on the yuan.
Proactive
The adjustment was made “in order to proactively cope with unpredictable developments in the international market” and monetary policy tightening by global central banks, SBV said. The move came three weeks after the monetary authority surprised with a 100-basis-point interest-rate hike.
Vietnam’s foreign reserves held near a record $109.6 billion in February, according to International Monetary Fund data. The nation doesn’t regularly release reserves data.
The central bank also said it will “closely monitor market developments, coordinate monetary policy tools, and be ready to sell foreign currencies to stabilize the market.” It set the dong reference rate at a record low of 23,586 per dollar on Monday.
The dong has room to weaken further to 24,700 per dollar, Natixis’ Trinh said.
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Annie68: Do we dare hope for the RV this week???
JimB49: I dare hope it happens. It beats hoping it doesn’t happen
Yada: annie,,,I believe! With all we've come to understand about the process, we can surmise based on what we've seen happen, the government is formed. The release is upon us.
RVAlready: If the RV wasn’t needed, the UN wouldn’t have gone to the security council, and threatened drastic action…. Iraq is sitting with the IMF right now, talking over implementation details.
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Tishwash: Officially.. the new Iraqi President Abdul Latif Rashid takes office
Today, Monday, the new Iraqi President, Abdul Latif Rashid, assumed his duties during his inauguration ceremony at the Republican Palace in the capital, Baghdad.
In his speech, Rashid said that "the previous stage was difficult for everyone," stressing that "it is close to announcing his program to manage the next stage."
He added, "I am seeking to establish strong relations with neighboring countries and the international community," hoping "the formation of the new government quickly to meet the citizens' demands." He stressed that he is committed to protecting the constitution and the sovereignty of Iraq and solving internal problems.
Abdul Latif Jamal Rashid, born in Sulaymaniyah in northern Iraq, on August 10, 1944, is married and has 3 children: Asuz (40 years), Sarah (35 years), and Zakros (34 years).
Rashid speaks 3 languages which are Arabic, Kurdish and English.
Abdul Latif Jamal Rashid’s political history began in the sixties of the last century, when he joined the Kurdistan Democratic Party and became a member of it, then a leader in the Kurdish Student Association in Europe, and participated in meetings and meetings for the formation of the Patriotic Union of Kurdistan, which emerged from the Democratic Party, and joined it Abdel Latif after its formation.
He was chosen to be the PUK's delegate in Britain and its representative in a number of European countries. He had a prominent role in this party since its founding in 1975 under the leadership of the late Jalal Talabani. link
Mot: It's that time of the week again..........
Mot: ........ HUH!!??? ~~~~~
News, Rumors and Opinions Monday Morning 10-17-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 17 Oct. 2022
Compiled Mon. 17 Oct. 12:01 am EST by Judy Byington
Judy Note: The RV began 24 Sept. 2022 when the Pound, Euro and US Dollar came to parity with each other. The Quantum Financial System was now the only operating financial system in the world and the only currencies that could be entered into the QFS had to be gold-backed.
A High Up Source indicated that Fri. 13 Oct. had been set for Bond Holders to be liquid, but on Wed. afternoon 12 Oct. some Asian Bankers asked for more time, so it was decided liquidity of the Bond people would begin on Sun. 16 Oct. Tier 4B (Us, the Internet Group) would receive notification to set appointments within 72 hours after Bond Holders had their liquidity. There has been no info received otherwise.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 17 Oct. 2022
Compiled Mon. 17 Oct. 12:01 am EST by Judy Byington
Judy Note: The RV began 24 Sept. 2022 when the Pound, Euro and US Dollar came to parity with each other. The Quantum Financial System was now the only operating financial system in the world and the only currencies that could be entered into the QFS had to be gold-backed.
A High Up Source indicated that Fri. 13 Oct. had been set for Bond Holders to be liquid, but on Wed. afternoon 12 Oct. some Asian Bankers asked for more time, so it was decided liquidity of the Bond people would begin on Sun. 16 Oct. Tier 4B (Us, the Internet Group) would receive notification to set appointments within 72 hours after Bond Holders had their liquidity. There has been no info received otherwise.
What we think we know as of Mon. 17 Oct.:
The Final Countdown – the Main Event is Coming Within Days: The Final Countdown: The Main Event is Coming Within Days (bitchute.com) https://www.rumormillnews.com/cgi-bin/forum.cgi?read=209497
The Dow Jones Industrial Average was down 22.6%. When the Dow dropped 200 points last Tuesday, the stage was set for another “Black Monday” – the darkest day in US stock market history.
Friday’s Market Massacre: https://www.zerohedge.com/markets/behind-fridays-market-massacre-huge-burst-hedge-funds-shorting-setting-another-squeeze
Greatest Economic Collapse in Human History 24 Oct., Bo Polny https://youtu.be/bpund7PajE0
A Global Currency Reset would support the world economy with all world currencies gold/asset-backed and on par with and traded at a 1:1 with each other.
As of Sat. 8 Oct. the new USN was present in all US banks.
All Humanitarian Projects will start once the green light comes on….Charlie Ward, Spokesperson for the Quantum Financial System.
Those who carry out humanitarian projects will not have to sign an oath or contract to receive their money. …Bruce
The Quantum Financial System was up and running.
We already have QFS accounts and they are fully funded.
US Dollar gold-backed as of 11 Oct.: https://dinarchronicles.com/2022/10/16/dollar-gold-backed-as-of-oct-11-by-rebecca-jr-10-16-22/
There were 30 countries where their exchange rates would go up in value.
The general public would receive whatever exchange rates were on the screen at the banks. Tier4B (Us, the Internet Group) exchange rates would be higher.
There were 120 countries (over 50% of the world’s currencies) on the brink of bankruptcy joining the BRICS Alliance nation-states. This was considered the death of the Central Bank and the fiat dollar – and only a global currency reset could save our global economy. From Tues. 13 Sept. onward the Federal Reserve and its central banks were considered bankrupt.
Two weeks ago the Cabal (Chinese Communist Party/ Rothschilds/ Rockefellers/ Vatican/ Blackrock and DAVOS Group) missed a blow to take over BRICS and the Global Currency Reset in which more than half of the world’s currencies have changed.
GESARA should be announced by Sat. 22 Oct. When Congress and Bill Clinton passed GESARA, Special Forces held them at gunpoint.
All countries in the world will be under their own military control!
The sole purpose of the new National Tax Agency (that replaces the IRS) will be used to collect trade taxes (15%) on new products only. No tax on food, medicine, property, or earnings.
There will no longer be a two-party system in any country!
The size of the US government will be about 10% of what it is today! The people who will be appointed to the new government positions have already been decided!
Some are asking to switch to the 28-day, 13-month Julian calendar, with the first day of the New Year being Easter – what some believe to be the real date of Christ’s birth.
Read full post here: https://dinarchronicles.com/2022/10/17/restored-republic-via-a-gcr-update-as-of-october-17-2022/
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Ccourtesy of Dinar Guru
Frank26 Article: "Iraq tops the list of Arab countries with economic growth for 2022" CAN YOU IMAGINE WHAT IRAQ'S GROWTH WILL BE WITHOUT A PROGRAM RATE.
MilitiaMan Article: "The Central Bank of Iraq participates in the annual meetings of the International Monetary Fund and the World Bank" ...They are readying to get this country into an international environment for trade. The likes of the World Bank, International Monetary Fund, US Treasury, American Chamber of Commerce, etc... of late are all about moving forward and apparently finalizing necessary formalities...All items are looking to be in place now or at least well underway...A good thing...imo
Egon Von Greyerz: Dark Times Ahead As Dow Plunges To 3,500 - Gold Explodes $35,000
Good as Gold Australia: 10-15-2022
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia, interview the legendary Egon von Greyerz, Founder and Managing Director of Matterhorn Asset Management and Gold Switzerland.
The world is in the midst of a massive economic disaster with all markets in disarray, but what has led us to this. Governments will blame pandemics and wars as they always have instead of acknowledging that the real cause is and always has been their absolute mismanagement of the economy and their constant overprinting and devaluation of fiat currency.
Egon is the master of this subject and explains in finite detail the process that will lead to an absolute collapse of the Dow, down 90% from its current position, and Gold escalating to set new highs at $35,000 USD or more.
Egon confirms that wars historically have been blamed and used as an excuse for major economic downturns, taking the emphasis off the underlying poorly executed monetary decisions that led to the financial crisis in the first place.
As debt implodes, so will all the assets that the debt supports. Debt has pushed property and stock prices to major highs, and digital currencies can't hide the existing debt - it won't go away and it will implode, as will the accompanying assets. We then start all over again.
The Bank of England Pivots AGAIN & Investors Are Terrified
Sean Foo: 10-17-2022
The Bank of England has made a U-turn on quantitative easing and they are back to tightening. In fact, this early pivot is scaring investors as they know that the bond market is still far from being stabilized. However, the fundamentals of the British economy are still fragile and further rate hikes, that are coming, could trigger another collapse in the markets. Here's what you must know!