Lynette Zang and Greg Mannarino Thursday Evening 10-27-2022
Libor SOFR Transition: How to prepare for the consequences!
Lynette Zang: 10-27-2022
We've talked a lot about this being a Jenga economy . The economy is now so fragile because of all of the Fed money printing and the global central bank money printing that any little piece that comes out could topple the whole thing.
And we're coming up to a place where we've got a major thing that's about to happen.
So I'm going to take you down this rabbit hole that is intentionally made so complex, and I'll try and simplify it for you. But this is really important. Coming up
Libor SOFR Transition: How to prepare for the consequences!
Lynette Zang: 10-27-2022
We've talked a lot about this being a Jenga economy . The economy is now so fragile because of all of the Fed money printing and the global central bank money printing that any little piece that comes out could topple the whole thing.
And we're coming up to a place where we've got a major thing that's about to happen.
So I'm going to take you down this rabbit hole that is intentionally made so complex, and I'll try and simplify it for you. But this is really important. Coming up
Watch For A Debt Market "SNAPBACK" With ALL HELL BREAKING LOOSE.
Greg Mannarino: 10-27-2022
Thursday Evening Chat With MarkZ 10-27-2022
Thursday Evening News with MarkZ 10/27/2022
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 Thursday Night everyone
Member: Mark tomorrow is the exact date in 1929 that the Market crashed.
Member: Holly posted –post the elections for us to go ….thoughts?
Thursday Evening News with MarkZ 10/27/2022
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 Thursday Night everyone
Member: Mark tomorrow is the exact date in 1929 that the Market crashed.
Member: Holly posted –post the elections for us to go ….thoughts?
MZ: I will be honest with you. I spoke with Sheila today (CMKX Source)…What we are both hearing is anywhere from Nov 3rd to Nov. 13th. ….and that it is fluid based on world events. But we hear they have a time period in mind to have things completed by.
MZ: We are expecting to see big changes in Malaysia, Israel and many governments around the world.
MZ: Let’s start in Iraq tonight “ Iraq’s Parliament approves new government : PM’s office. “ This is huge news. The link is included in today’s links. The take away is Iraq made enormous progress today. Which is needed …and they are openly talking about the change in rate.
MZ: The sitting of the government is absolutely enormous and huge.
MZ: “Rupee likely to appreciate against dollar amid strong cues, USDINR may trade sideways in this range” Watching the fundamentals…..just know a number f the currencies that we have picked up will increase in value. They are talking about this openly in the main stream press. That is why I feel so good about it.
MZ: Sources are still very excited. I do have another bond confirmation….this one is a domestic bond holder here in the United States that has received funds…. This one really excites me even more. So I personally know two now with liquidity….and many others are hearing of even more folks they know personally that have been paid. You all should be excited about that one.
Member: I have a trip planned next week- Is it safe to travel……
MZ: You may as well travel up to the “event” as things are so fluid….I did hear something important from an excellent source that here in the US that we will have the longest amount of time in which to exchange. We are due to have 60 days from when it goes to when we have to finish. I was also told that most of the rest of the world will have 25 days to exchange. This is because they believe there is a much larger number of currency holders here in the states.
Member: will prosperity Packages get paid “fines and penalties “as well”
MZ: Yes they do. And they were supposed to be released a long time ago.
Member: Good Night Everyone and Blessings to all!
Member Safe travels tomorrow Mark…..stay safe.
Member: Safe travels to you Mark, Until Saturday my brother!!!
MZ: Thank you all for the safe travel wishes!
CBD Gurus join the stream at the end…please listen to the replay for their information.
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: MARK WILL BE TRAVELING ON FRIDAY…BUT HE HAS A PRE-RECORDED PODCAST FOR TOMORROW WITH “GUY GUTSLAK ON CRYPTO” FOR ANYONE THAT WANTS TO WATCH OR VISIT…MR.C WILL JOIN MARK NEXT FRIDAY…... SATURDAY AT NORMAL TIME OF 10:00AM EST….
The next stream is Saturday at 10Am est……..unless.
Holly, Awake-in-3D and more....Thursday PM 10-27-2022
Message From Holly
Please don’t allow all the information out there to bring you down. Stay fluid with this. Nobody, and I mean nobody knows when this will actually be released.
It looks like right now it will probably go up to the midterm elections and possibly beyond we don’t know.
Stay calm, cool and collected and don’t allow all the Hopium to wear you out and drag you down. Look at what’s going on globally and the markets. Wake up and be in gratitude.
I know many are struggling and we only have our faith to hold onto and that will get you through all the rough patches in life. ~-Holly
Message From Holly
Please don’t allow all the information out there to bring you down. Stay fluid with this. Nobody, and I mean nobody knows when this will actually be released.
It looks like right now it will probably go up to the midterm elections and possibly beyond we don’t know.
Stay calm, cool and collected and don’t allow all the Hopium to wear you out and drag you down. Look at what’s going on globally and the markets. Wake up and be in gratitude.
I know many are struggling and we only have our faith to hold onto and that will get you through all the rough patches in life. ~-Holly
Awake-in-3D:
Credit Suisse shares fall off a cliff today, down 19%. CS announced a major restructuring and to lay off up to 9,000 employees.
This is what a (formally) global super bank failure looks like after years of financial mis-management and scandals. I expect more of these bank “restructures” in the coming months.
Courtesy of Dinar Guru
Sandy Ingram Big news and is one of the reasons we believe Iraq will come full circle and revalue their currency. Their actions say international connection. Article "Iraq is building the largest port in the Middle East and it will be one of the largest ports in the world when completed...rival the Suez Canal in Egypt...
Clare Article: "The House of Representatives grants confidence to the Sudanese cabinet" "Al-Sudani: Our cabinet has won the confidence of the House of Representatives"
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(10/27) Very Close to the Finish Line!
Dinar Investor: 10-27-2022
(Alert!) Global Debt Market REMAINS UNSTABLE As Central Banks CONTINUE TO INFLATE!
Greg Mannarino: 10-27-2022
The Yen Is On Life Support: Japan’s Intervention Is FAILING!
Sean Foo: 10-27-2022
The Bank of Japan is intervening in the currency markets, trying to rescue the Yen from a crash. However, even though they have sold tens of billions of dollars to buy the Yen, it is not working.
Japan is trying to wrestle down inflation while trying to keep both its bond market and currency stable, but this won't work in the long run.
Japan is running out of time and this could force them to eventually pivot and hike rates or drain their reserves and still watch the Yen inflate away!
Thoughts From Heresy Financial and Lynette Zang 10-27-2022
.The Fed is Hemorrhaging Billions of Dollars
Heresy Financial: 10-26-2022
The Federal Reserve is currently losing billions of dollars, whereas they used to have profits that they'd send back to the United States government.
This is causing many to be concerned about the solvency of the United States Central Bank, the Federal Reserve, and wondering whether the central bank that prints money might itself actually need a bailout.
The Fed is Hemorrhaging Billions of Dollars
Heresy Financial: 10-26-2022
The Federal Reserve is currently losing billions of dollars, whereas they used to have profits that they'd send back to the United States government.
This is causing many to be concerned about the solvency of the United States Central Bank, the Federal Reserve, and wondering whether the central bank that prints money might itself actually need a bailout.
Discussing Gold & CBDCs with Lynette Zang & Eric Griffin
10-26-2022
Viewer Questions:
Question 1: I have a loan with a variable interest rate. Will interest rates worldwide skyrocket eventually, therefore would it be wise to get fixed interest now when it is still low? How high do you think the interest will get?
Question 2: Given how the government has empowered itself to seize assets like Gold and silver in times of emergency, do you think it may prohibit the public selling of precious metals altogether in order to push everyone toward a CBDC?
Question 3: If gold is revalued at an extremely high price, how will dealers have enough fiat to buy the gold that people want to sell?
Question 4: In the future, if we moved to CBDC exclusively, would we be able to still buy gold and silver from dealers like ITM trading using the CBDC?
Question 5: You talk a lot about the IMF and BIS and reference their work in a lot of your videos. But I rarely hear you talk about the World Bank. What is World Bank? And do they play any part in this transition?
"Coffee With MarkZ" Thursday Morning Chat 10-27-2022
.Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Thursday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hey every body .. Stuff and Junk is happening.. Grab you coffee and hang on
Member: Good morning Mark, Larry and RV family !! Let's pray for some exciting news to come out for the Redemption centers to start !!!
Member: Mark told us last night that a bondholders was paid in full!!!!!! This is huuuuuuge!!!! He used to think it would be 3 days until we got paid, but he may have adjusted his thinking on that now
Mz: Like I mentioned last night….I do have a bond contact that received 100% of their money. It was a table top deal in Europe on a Chinese bond….. I don’t know who the buyer was. Liquidity was zero problem for them. I don’t know if the buyer was an individual sovereign or just an individual. That information was protected.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Thursday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hey every body .. Stuff and Junk is happening.. Grab you coffee and hang on
Member: Good morning Mark, Larry and RV family !! Let's pray for some exciting news to come out for the Redemption centers to start !!!
Member: Mark told us last night that a bondholders was paid in full!!!!!! This is huuuuuuge!!!! He used to think it would be 3 days until we got paid, but he may have adjusted his thinking on that now
Mz: Like I mentioned last night….I do have a bond contact that received 100% of their money. It was a table top deal in Europe on a Chinese bond….. I don’t know who the buyer was. Liquidity was zero problem for them. I don’t know if the buyer was an individual sovereign or just an individual. That information was protected.
MZ: But still it is very exciting and it the first fully funded deal I have found yet.
Member: so he could have been tired of waiting and sold them to someone who was willing to wait, yes???
Member: Is he under an NDA?
MZ: Yes….that is why I do not know who the buyer was. Or how much he was paid.
Member: We now have proof that it’s moving. Slowly but surely.
Member: Is this full liquidity deal the slow start for us???
MZ: I don’t know for sure but believe it’s a slow start …I think they are executing it the way they told us years ago they would.
Member: Can someone tell me what a bond is? And how this person was paid?
Member: These are historic bonds…..there are many different kinds. German bonds, Chinese bonds, yellow dragon bonds, railroad bonds…..some are a hundred years old……..they are part of settlements that need to be paid before the new financial system starts……imo
Member: Why are the bond holders being paid in fiat dollars?
Member: because we haven't gone gold-backed yet. All fiat money will convert when we do.
Member: they are being paid in fiat because Nesara hasn't happened yet... because we are not gold backed yet
Member: if the bond got paid in fiat. I wonder did he have to pay taxes?
MZ: I do not know…..i will try to find this out.
Member: What does this bond deal mean for us?
MZ: It means things are moving….They have to settle out historic debts and we always were told that historic bonds would go first. Then we would get deliveries of fines and penalties ….then we would reset….this was the original plan. If we start seeing more bond people go – we know the next thing to look for is farm claims being paid, then prosperity packages and CMKX being paid.
MZ: I believe its rolling out like the original design. So seeing a bond paid in full is a major mile marker for the completion of our reset.
Member: What does Dubai 1 and Dubai 2 have to do with the RV?
MZ: They are one of the major piles of money being tapped for the reset and humanitarian projects all around the world. Some of the biggest funds are St. Germaine trust, Rodrigues trust and Dubai 1 and 2. There are multiple pots of money…..that is why we watch them. A clear sign that they are moving and paying out will let us know how close we are to our turn. It’s another mile marker.
Member: What are fines and penalties?
MZ: These are folks that have wronged….farmers, Indian nations, Pickford farmers are black farmers that were wronged and won a lawsuit against the government will receive fines and penalties….CMKX share holders will receive fines and penalties. Lets see if Mr. C will tackle this next week. He will not be here tomorrow.
Member: When we go to our redemption center will we be under an nda when we leave.
Member: I would be prepared for that, but it could change
Member: I thought all who used a Center will be under a NDA due to getting a higher then Street rate. thats why you get in and done in 30days.
MZ: There is a good video from Dinar Investor that a member shared with me…..It really breaks down well why you do not have to fear the conflicting news stories from Iraq. They are doing it on purpose. It also dives into the seating of the government and why it was necessary. And what they have completed this week.
Member: MARK HERE IS THE LINK.., https://youtu.be/Ja8l7XgtxhM
Member: Frank26 thinks rate on Sat…..and it will start as a float.
Member: Chinese market crashed yesterday
MZ: That’s why I am looking for ours to crash today….or very soon.
Member: The US stock market is like your wife seeing multiple signs you're cheating on her and she still insists on massaging your tired feet. We live in the twilight zone
Member: What will the rate of the dong be?
MZ: I was hearing $2.25 or so….Now I am hearing it could be in the $3 range. I hope that is accurate.
Member: How about the Zim rate?
MZ: Last I heard from my Zim contact is $50 million per each 100T note. That’s what I heard…..we will not know for sure until we are exchanging.
Member: : I read in Recaps you said RV not until after the election?
MZ: some things may have been taken out of context. What I did say is I was told the process has started now and will move along but, that we will probably start banking 1-3 days after the election. That they want the optics of people rising up at the ballot boxes….to cause less unrest…..that is what I have been told.
MZ: the reality is none of know for certain. It will happen when they damn well want to release it…or after the markets crash….one of the two.
Member: Mark? You mentioned the next 3 weeks being "fun." Are you restricted on sharing any of the reasons why? Thanks.
Member: Hope we all have our roller coaster harnesses securely fastened! Wishes do come true! And what a ride this will be! Yikes...
Member: we have to just relax and prepare for absolutely anything at anytime now...
Member: Thanks for the great news today. Everyone enjoy your afternoon and see you all tonight.
Andy Schectman from Miles Franklin joins the stream at the end. Please listen to replay for his information
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" Thursday AM 10-27-2022
.TNT:
CandyKisses: The ministerial curriculum reveals five priorities for the Sudanese government
The ministerial curriculum revealed five priorities set for the upcoming new government headed by Muhammad Shia Al-Sudani.
These priorities came in the following order:
1 - Combating administrative and financial corruption.
2- Addressing the phenomenon of unemployment and creating job opportunities for young people of both sexes.
3- Supporting the poor, vulnerable and low-income groups of citizens.
4- Reforming the economic and financial sectors, especially the agricultural, industrial and banking sectors, and supporting the private sector.
5- Work urgently to improve and develop services that affect the lives of citizens.
TNT:
CandyKisses: The ministerial curriculum reveals five priorities for the Sudanese government
The ministerial curriculum revealed five priorities set for the upcoming new government headed by Muhammad Shia Al-Sudani.
These priorities came in the following order:
1 - Combating administrative and financial corruption.
2- Addressing the phenomenon of unemployment and creating job opportunities for young people of both sexes.
3- Supporting the poor, vulnerable and low-income groups of citizens.
4- Reforming the economic and financial sectors, especially the agricultural, industrial and banking sectors, and supporting the private sector.
5- Work urgently to improve and develop services that affect the lives of citizens.
CandyKisses: Economist: The conflicting statements about the exchange rate caused a stagnation in the markets
On Thursday, economic expert Ali Daadoush called on the new government to activate the private sector and support the local industry, instead of thinking about changing the dollar exchange rate
Dadush told Al-Iqtisad News, "After each election and the emergence of the government formation process, events are accelerating and political voices are rising to win the people's affection (the general public), and the shortest way for that is to change the exchange rate under the pretext of reducing poverty and unemployment
He added, "The process of changing the exchange rate does not concern the poor, but rather has a direct relationship with the rich, since the poor do not have foreign currency, but the rich and the rulers of power and politics are the ones who own the dollar
. He explained, "With every formation of a new government, the internal market is destabilized and there is a severe stagnation in the buying and selling operations, which increases the suffering of the earners and the daily wage earners who join the class of the poor and the unemployed, and this is also related to the lofty political voices that seek to change the exchange rate
He called on the government to "work seriously to operate factories and factories in the public sector and support the private sector on the other hand, as the first produces goods that increase the demand for them locally, and the private sector also works to import goods that the government does not produce according to a medium-term action plan, and gradually it turns Work is a partnership in the operation of factories and factories, and local production expands to include those imported goods
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Tishwash: Ahmed Tabaqchali: Iraq's Wealth and the Forty Thieves
The disclosure on 15 October 2022 of the embezzlement of 3.7 trillion Iraqi dinars (IQD), about US$2.5 billion, from the General Commission of Taxes (GCT) brought the stinging resignation letter of the outgoing finance minister into sharp focus – in particular, the charge that ‘vast underground networks of senior officials, corrupt businessmen and politicians operate in the shadows to dominate entire sectors of the economy, and siphon off literally billions of dollars from the public purse.’
The disclosure was greeted by cries demanding a thorough investigation, and for imposing punitive measures on the perpetrators and the corrupt officials who facilitated it.
Righteous indignation notwithstanding, severe punishments and new measures to root out corruption are doomed to fail, as were all prior anti-corruption measures, because the root causes are inherent in the post-2003 political order’s politically sanctioned corruption; and the inevitable politicisation of the senior civil service, which have hollowed out the state and its institutional capacity to function.
In particular, the Ministry of Finance (MoF), is structurally weak and ill-equipped to deal with the complexities of managing the state’s budget. Specifically, the absence of coherent revenue and expenditure management policies and systems, i.e., a Public Financial Management (PFM) system, combined with the prevalence of decades old paper-based systems, makes it impossible for the government to monitor its finances, in particular its cash management operations.
Now You See Me, Now You Don’t
The audacity of the embezzlement is matched only by the ease and impunity with which it was carried out.
The funds were taken from a GCT trust account held on behalf of tax payers with Rafidain Bank, which receives deposits from companies that deal with the state as a guarantee for the fulfilment of their contractual obligations. Companies can reclaim the deposits, after an audit and the settlement of their contractual obligations, including taxes. However, due to the complexity of the procedures, and to avoid paying full taxes, many companies don’t reclaim their deposits, which after five years become the state’s property.
Between September 2021 and August 2022, 247 cheques totalling IQD 3.7 trillion were made to five companies, which withdrew the funds in cash as soon as they were deposited into their accounts. These companies did not make any deposits into the trust account, had no authorisations from the companies that made deposits, and at least three of them were formed in the summer of 2021. Nevertheless, the financial report of the GCT’s accounting department, as of 9 October 2022, stated that the balances of the trust account totalled IQD 3.5 trillion, whereas the actual account balances were IQD 0.1 trillion. Moreover, these payments were not recorded in the books, and were in violation of the minister of finance’s November 2021 instructions that no payments should be processed without following procedures and his explicit approval.
The Sad State of the Ministry of Finance
Lacking a sound PFM, the MoF operates without an Integrated Financial Management Information System (IFMIS) which electronically links budget planning, budget execution, accounting and reporting of all government entities; exacerbated by the absence of a Treasury Single Account (TSA), which consolidates all the government’s accounts in a single account controlled by the MoF. As such the MoF has a tenuous control over government entities’ expenditures, and only a partial knowledge of its cash balances.
An IFMIS and a TSA, or even ‘bridging solutions’ till they are fully operational, would have made it extremely difficult to facilitate such an embezzlement, as the two would create an extensive and transparent paper-trail of all transactions. Effectively, under a TSA the cash balances of the trust account would have returned to the management of the MoF and not GCT; and the processing of deposits’ release – from application to audit to final payment – would be through a well-established protocol under IFMIS – which would come with an ‘ex ante’ electronic control of every expenditure transaction.
The White Paper and Resistance from Within
Two key aspects of the ‘White Paper for Economic Reform’, were to address the MoF’s structural weaknesses through the introduction of a PFM system, by reviving the long-stalled implementation of an IFMIS and a TSA; and to restructure state-owned banks Rafidain and Rasheed. While this has moved both projects from their multi-year aspirational phases to the realms of the possible, the system valiantly resisted – more passively than aggressively in the face of a strong push from the leadership of the MoF from May 2020 until October 2022.
Technical challenges and capacity limitations are significant obstacles to the implementation of IFMIS and TSA; while Rafidain Bank’s deep structural weaknesses present a major obstacle to its restructuring and to the roll-out of a modern core banking system – vital for TSA’s smooth functioning. While these obstacles are difficult to overcome in the short period since the White Paper, nevertheless they were the impetus for the system’s push-back.
Without these implementations, starting with bridging solutions, no amount of procedure tightening for the release of funds from the trust account, or adding external auditors, would realistically prevent future occurrences of other acts of embezzlement from the trust account or other government accounts.
A Feature and Not a Bug
Consequently, each government entity continues to have nearly full autonomy over its expenditures and bank accounts, making central accountability and effective governance a pipe dream. As such – whether by design or a happy coincidence – this state of affairs maintains the substantiveness of ministerial appointments within the Muhasasa Ta’ifia structure, and within its Wikala sub-structure for the appointments of senior civil servants.
The persistence of Muhasasa, with the appointment of a new president and the nomination of PM designate, maintains the status quo; which for the MoF means that the implementations of IFMIS and TSA, as well the restructuring of Rafidain Bank, are again purely aspirational.
Consequently, corruption with impunity will continue to be the norm and not the exception. link
Mot: ... ooooh...... ooooh...... ooooh...... ooooh deer...
Mot: .. Bet it Won't Be Funny When it Happens to You!! ~~~
News, Rumors and Opinions Thursday Morning 10-27-2022
.RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 27 Oct. 2022
Compiled Thurs. 27 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
The Quantum Financial System was live and Dubai 1 funding has been released. Historic, Golden Dragon, Yellow Dragon and German Bonds were all being paid out with a goal to finish by Thanksgiving.
By Thurs. 27 Oct Dubai 1 would be fully paid out and funding from Dubai 2 would be released.
Bond Holders expected to have access to their monies by Thurs. 27 Oct.
High up sources were saying we in Tier4B (the Internet Group) should be notified by email to set redemption/ exchange appointments of foreign currencies and Zim Bonds by sometime Thurs. 27 Oct., while MarkZ said notification could come after the Midterm Election (providing it is held) on Tues. 8 Nov.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 27 Oct. 2022
Compiled Thurs. 27 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
The Quantum Financial System was live and Dubai 1 funding has been released. Historic, Golden Dragon, Yellow Dragon and German Bonds were all being paid out with a goal to finish by Thanksgiving.
By Thurs. 27 Oct Dubai 1 would be fully paid out and funding from Dubai 2 would be released.
Bond Holders expected to have access to their monies by Thurs. 27 Oct.
High up sources were saying we in Tier4B (the Internet Group) should be notified by email to set redemption/ exchange appointments of foreign currencies and Zim Bonds by sometime Thurs. 27 Oct., while MarkZ said notification could come after the Midterm Election (providing it is held) on Tues. 8 Nov.
For the special higher rates you must set an appointment to exchange foreign currencies at a Redemption Center and only during a limited amount of time.
At any time the General Public could exchange foreign currencies at a bank while being offered the lower Forex rates present on the bank screen at the time of exchange.
Global Financial Crisis:
Chinese Banks Dump Fiat US Dollar: https://www.zerohedge.com/markets/chinas-yuan-soars-most-record-after-beijing-orders-banks-dump-dollars
Read full post here: https://dinarchronicles.com/2022/10/27/restored-republic-via-a-gcr-update-as-of-october-27-2022/
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Courtesy of Dinar Guru
Pimpy They've already made it clear as day they were going to change the rate. As a matter of fact even Sadr, one of his campaign promises was to change the rate at least back to the old rate. We more likely are going to see the rate change go back to 1190 dinars to start with and then over time slowly build back up.
Bruce [via WiserNow] ...we're getting from the sources that are very high up and very close...to the transaction itself, of our exchanges are saying that we in tier 4B...that's our internet group - should be notified...before noon tomorrow [Wednesday]...if it's late coming in tomorrow for some reason, we would set appointments and start Thursday... I'm excited about that. But the good news is we are hearing from Iraq...certain transactions...the rates are moving up - and we know that certain Iraqi citizens are being able to exchange through ATMs even here in the United States...I think that shows that we're very close ourselves.
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Tishwash: The World Bank: The crises of developing countries are exacerbated by the decline of their currencies
from Iraq's news
The World Bank has warned that currency depreciation in most developing economies may cause food and fuel prices to rise in a way that may exacerbate the food and energy crises that many of these countries are already witnessing.
The World Bank, in its latest issue of the "Commodity Market Outlook" report, indicated that "prices of most commodities measured in dollar terms have retreated from their peak levels due to fears of an imminent global recession."
He added that "since the Ukraine crisis in February 2022 until the end of last month, the price of Brent crude oil, denominated in US dollars, decreased by about 6 percent," but "due to the depreciation of currencies, nearly 60 percent of emerging market and developing economies that import oil witnessed an increase in oil prices in the local currency." During this period, about 90 percent of these economies also experienced a greater increase in wheat prices in local currencies than the increase in prices in US dollars.
He pointed out that "the rise in the prices of energy commodities, which is one of the requirements of agricultural production, leads to a rise in food prices."
During the first three quarters of 2022, the average food price inflation rate in South Asia was more than 20 percent, while the food price inflation rate in other regions, including Latin America and the Caribbean, the Middle East and North Africa, sub-Saharan Africa, Eastern Europe and Asia On average, it ranged between 12 and 15 percent.
He pointed out that East Asia and the Pacific "was the only region in which the rate of food price inflation decreased, partly due to the generally stable prices of rice, the staple food in the region."
Commenting on the report, Pablo Saavedra, World Bank Vice President for Equitable Growth, Finance and Institutions, said that "although many commodity prices have retreated from their peak levels, they are still high compared to their averages over the past five years."
He added, "If there is another jump in global food prices, it may prolong the challenges of food insecurity in various developing countries," stressing the need to "adopt a set of policies in order to enhance supply supplies, facilitate distribution and support real incomes."
He highlighted that "it is expected that oil prices will decline by 11 percent in 2023 after rising by about 60 percent in 2022," but that "despite this decline, energy prices next year will be 75 percent higher than their average in the past five years."
In this context, Ayhan Kosei, Chief Economist for Equitable Growth, Finance and Institutions and Director of the World Bank's Development Prospects Group, which publishes the "Commodity Market Outlook", said that "the combination of high commodity prices and the continued depreciation of currencies leads to an increase in inflation rates in many of countries".
He pointed out that "policy makers in emerging and developing economies have only limited scope to manage the most visible global inflation cycle in decades," stressing that "they must be slow and careful in defining their monetary and fiscal policies, clearly articulating their plans, and preparing for a period that may witness more inflation." Fluctuations in the global financial and commodity markets.
With regard to the prospects for commodity prices, the report said that higher energy product prices than the expected level may “prolong inflationary pressures” as it leads to higher prices for commodities other than energy products, especially foodstuffs, which exacerbates “challenges related to food insecurity.”
"If the slowdown in global growth rates intensifies, it may also entail significant risks, especially on crude oil and metal prices," he added.
He explained that concerns about a possible global recession next year "really contributed to a sharp decline in copper and aluminum prices," adding that "price volatility is likely to continue as the steps of the energy transition unfold and demand changes from fossil fuels to renewable energy sources, which is beneficial on some metal producers.
He pointed out that "minerals exporters may benefit the most from the opportunities for growth in the medium term," noting that at the same time "they can reduce the repercussions of price volatility by adopting well-designed frameworks for fiscal and monetary policies." link
Fed Folds With a Soft Pivot - Ep 850
Peter Schiff: 10-26-2022
· Interest rates are the Achilles’ heel of this bubble economy.
· Shelter costs are going up, even if housing prices are going down.
· Gold will be gaining value as the dollar loses value.
Don't Be SHOCKED If After The Midterm Elections ALL HELL BREAKS LOOSE.
Greg Mannarino: 10-26-2022
Bill Holter, Robert Kiyosaki and George Gammon "Warnings" 10-26-2022
.This Is The End Of The System; You're On Your Own | Bill Holter
Liberty and Finance: 10-26-2022
Demand for physical metal has been extreme, almost completely wiping out wholesalers and depleting the major exchanges' reserves. "I would be surprised if there is metal available for fiat [currency] by the end of the year," says Bill Holter, contributor at JSMineSet.
He believes a major economic crisis is ahead.
The coming crisis is not a cyclical event, he notes. "This is the end of the system as we knew it."
This Is The End Of The System; You're On Your Own | Bill Holter
Liberty and Finance: 10-26-2022
Demand for physical metal has been extreme, almost completely wiping out wholesalers and depleting the major exchanges' reserves. "I would be surprised if there is metal available for fiat [currency] by the end of the year," says Bill Holter, contributor at JSMineSet.
He believes a major economic crisis is ahead.
The coming crisis is not a cyclical event, he notes. "This is the end of the system as we knew it."
"The Crash Will Be WORSE Than 1929..." - Robert Kiyosaki's Last WARNING
Reenvesting: 10-26-2022
Robert Kiyosaki warns about the biggest crash in world history, even more consequential than 1929.
The American Empire Will Collapse (This Is How It Ends)
The Rebel Capitalist: George Gammon: 10-26-2022
Wednesday Night News with MarkZ 10-26-2022
.Wednesday Evening News with MarkZ 10/26/2022
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: Welcome home Mark……we all missed you…..
Member Do you have any great news for us tonight Mark?
MZ: There is one piece that’s a huge “tell” as to where we are at today.
MZ: I can now tell you with great certainty that I know a bond person with 100% of their money. This is exciting news to me.
Wednesday Evening News with MarkZ 10/26/2022
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: Welcome home Mark……we all missed you…..
Member Do you have any great news for us tonight Mark?
MZ: There is one piece that’s a huge “tell” as to where we are at today.
MZ: I can now tell you with great certainty that I know a bond person with 100% of their money. This is exciting news to me.
MZ: I don’t know what that means for us “timing-wise” yet….Earlier it was a rumor and it has now been confirmed. I feel very confident telling you the process has started. They were paid totally in fiat funds…..not gold backed. So not sure about the timing for us.
MZ: There are a number of pieces of information you all need to think about and not become “Chicken Little”. I see a number of absolutely panicked emails …..but you are not going to have to go to Iraq to exchange. This will not be an issue. Do not let fear mongering get to you guys.
MZ: Another thing that has you guys worried….a recycled article that we have seen now 4 times minimum about them not being prepared to increase the rate yet because of a possibility of affecting the economy……Guys…verbatim and word for word you can find that article recycled whenever we are close.
MZ: There were similar articles when they were close in Kuwait. Even one released the same morning they RV’d. This is totally smoke . You need to focus on the articles that say they are about to change the value….So the sky is not falling….it is still up there. Step back from the ledge….We are in a phenominal position right now.
Member: If you got confirmation that a bond holder that got paid in fiat. ….it is beginning. This is very exciting news……thanks Mark.
Member: Do you think bonds being paid in fiat means RV, GCR, NESARA/GESARA won't be happening as soon as we think?
Member: Maybe what Anna von Reitz said is correct… that we are now gold backed? Maybe behind the scenes??
Member: I believe Mark once said bonds were always going to be paid in fiat……hope that’s true…and that the funds for bond holders come from a different source then currency exchanges will come from.
Member: Praying the RV happens before the end of the year…if we get paid in fiat as well….we will have to adapt……we know the gold standard is coming.
Member: I am praying it happens before the holidays for sure…..
Member: I have heard that Oct 28th and 29th are to be big days
MZ: please do not send me any more emails at this time……..i just have to delete them…I am too far behind.
Member: Thank you Mark for the double scoop of info, time to pop open a bottle of champagne and start the celebrations
Member: see everyone for coffee in the AM
Mod: https://m.facebook.com/groups/6461982... HERE IS THE FULL LIMK FOR MARKZ ON FB
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 tomorrow at 10Am est……..unless.
Mod: NO SCHEDULED PODCAST ON FRIDAY… MARK WILL BE TRAVELING
More News, Rumors and Opinions Wednesday PM 10-26-2022
.KTFA:
Samson: Founder of the world's largest hedge fund: The global economic system must be restructured
25th October, 2022
The founder and board member of the largest hedge fund in the world, Bridgewater Associates, Ray Dalio, stressed the importance of restructuring the global economic system and the existence of red lines in conflicts; To avoid world wars.
Dalio said, during the conference of the Future Investment Initiative, held in Riyadh today, Tuesday, over a period of 3 days, that global productivity will double, with the support of innovation, if this occurs in a peaceful environment.
"It is important to restructure the global economic system, and although I may be misunderstood at this point, the system is responsible for achieving and generating goals," Dalio added.
KTFA:
Samson: Founder of the world's largest hedge fund: The global economic system must be restructured
25th October, 2022
The founder and board member of the largest hedge fund in the world, Bridgewater Associates, Ray Dalio, stressed the importance of restructuring the global economic system and the existence of red lines in conflicts; To avoid world wars.
Dalio said, during the conference of the Future Investment Initiative, held in Riyadh today, Tuesday, over a period of 3 days, that global productivity will double, with the support of innovation, if this occurs in a peaceful environment.
"It is important to restructure the global economic system, and although I may be misunderstood at this point, the system is responsible for achieving and generating goals," Dalio added.
He pointed out that there are great risks of global wars, and when dealing with these risks there must be red lines, and if they exist, we will not reach wars.
And Dalio added: “There are many good things happening around the world, including innovation, where there is a huge amount of innovation happening right now, and if it happens in a safe and reassuring environment, productivity will double, so I agree on the importance of having empathy, understanding and agreement, I don’t know who will lead this but I hope that will happen soon."
The activities of the "Future Investment Initiative Conference", in its sixth edition, were launced today, Tuesday, October 25, 2022 under the slogan "Investing in Humanity", which will last for 3 days. LINK
****************
Samson: Russian-Iraqi Oil Ties "Only Getting Stronger"
25th October, 2022
More than 100 representatives of leading Iraqi and Russian businesses took part in the Russian-Iraqi Business Forum in Moscow last week.
According to a press release from The Chamber of Commerce and Industry of the Russian Federation, the Ambassador of Iraq in Moscow, Mr. Abdurakhman Al-Husseini, told delegates that Iraq is open to the development of business relations in all areas. This is not only the oil industry, but also various areas of industry, trade, and healthcare. The Iraqi ambassador also reminded that any Russian can apply for a visa at the airport upon arrival in Iraq.
The President of the Federation of Iraqi Chambers of Commerce and Industry, Abdurazzak Al-Zuheiri, speaking on behalf of the head of the Iraqi delegation, said there was a great desire to promote and strengthen Russian-Iraqi business relations, in particular, in the field of energy, construction, and food supplies.
Ali Warid, Director of the Technical Department of the Iraqi Oil Ministry, noted the long-standing Russian-Iraqi ties in the oil industry. According to him, they are only getting stronger, and most of the projects implemented by large Russian companies in Iraq are economically successful. Among the areas of development, Ali Varid outlined not only exploration, production, but also processing of oil and oil products.
Abbas Salim Hussein, Director of the Livestock Development Department of the Iraqi Ministry of Agriculture, spoke about the specifics of doing business in Iraq in his industry and called for developing cooperation in the poultry, meat, dairy and fish industries.
Aziz Nadim Al-Isa, director of the Industrial Development Department of the Iraqi Ministry of Industry, said that since 2003, the Iraqi economy has completely changed and has taken a course towards attracting investment in industry. The country is implementing 25 strategic technological development projects. He stressed that Iraq is interested in cooperation with Russia, primarily with high-tech companies.
Concluding the plenary part, Maksim Malyarchuk, Executive Director of the Russian-Iraqi Business Council at the Chamber of Commerce and Industry of the Russian Federation, spoke about the activities of the Council and assistance to Russian and Iraqi companies in the new conditions. In March, the Central Bank of Iraq banned settlements with the Russian Federation. But, despite this, according to Malyarchuk, today there are examples of direct deliveries from Russia to Iraq, and the issues of mutual settlements and logistics have been conceptually resolved.
Also, he noted the growth of requests from the Iraqi side and the interest in importing Russian products. LINK
************
Courtesy of Dinar Guru
MilitiaMan ...Look at the amounts of assets Iraq has. Not to mention the new electronic system in place is returning 100s of billions of dinars... All of this supports massive value for the exchange rate change success.. imo
Pimpy If I remember correctly they said they had no intentions on changing the exchange rate for 5 years. But that was back in February...What has changed since February? The government. Their intentions were to stay with the white papers, do the reform...Since then Maliki and the coordinating framework have taken control and they are building the government right now. That whole 'waiting 5 years' is out the door. We know this because we've seen articles within the past 2/3 weeks where they said they're going to change the exchange rate. We know they're going to do it. And it ain't going to be 5 years from now...
On The Brink Of Financial Collapse with Mario Innecco and Lynette Zang
10-25-2022
Ludwig von Mises said once you get into the inflationary route, eventually, people will realize that you won't be able to stop inflating, and then they will want to get rid of the currency. And I think we're very near that. At that stage, it's difficult to predict, but it could happen overnight
Chapters:
0:00 Introduction
5:41 Energy Crisis
10:00 Derivatives
19:50 A Need For Central Banks?
21:47 CBDC 27:04 Investing in Gold
36:14 Where is Store of Value
41:52 UK Real Estate
Japan Crisis Could Trigger Dollar Collapse (Here's How)
The Rebel Capitalist: George Gammon: 10-26-2022
Awake-In-3D Thoughts: "The Yen, The Euro, The USD and more.....10-26-2022
.Awake-in-3D: Japan Bond Market and the Yen Making a Last Stand
As I reported here, some months ago, that the Japanese Yen will be the first fiat currency to fall, we’re witnessing this unnecessary tragedy unfold on the world economic stage.
After spending over $50 Billion of her USD reserves, over the past 10 days, in a futile attempt to keep Japanese 10-year bond yields at a 2.5% limit, while also trying desperately to prevent the deepening free fall of the Yen against other major currencies, the stark and brutal reality of the debt-based fiat system is proving its predestined, unstoppable collapse.
The Yen will be first, then the Euro and/or the British Pound.
Awake-in-3D: Japan Bond Market and the Yen Making a Last Stand
As I reported here, some months ago, that the Japanese Yen will be the first fiat currency to fall, we’re witnessing this unnecessary tragedy unfold on the world economic stage.
After spending over $50 Billion of her USD reserves, over the past 10 days, in a futile attempt to keep Japanese 10-year bond yields at a 2.5% limit, while also trying desperately to prevent the deepening free fall of the Yen against other major currencies, the stark and brutal reality of the debt-based fiat system is proving its predestined, unstoppable collapse.
The Yen will be first, then the Euro and/or the British Pound.
@GCR_RealTimeNews
————————————
“Of course, with the entire Japanese financial experiment now counting down to extinction, at best Tokyo will buy itself a few months time, but as any terminal cancer patient will attest, those few last months are more valuable than anything.”
“While such a revolutionary reassessment may eventually happen, it won't be tonight because one day after the BOJ unleashed its biggest - and most futile - FX market intervention in history, selling some $50 billion in US reserve to buy worthless funny-money, it also offered to buy more bonds than planned at its regular market operation on Wednesday to continue the Kabuki theater that its YCC [Yield Curve Control] is still functioning.”
****************
Awake-in-3D: Why has the US Dollar dropped 3.1% over the last 5 trading days?
Because Japan and China are selling US dollars (in slightly different ways) into the EuroDollar market in large quantities to raise save the value of the Yen and Yuan respectively.
Both Japan and China have tremendous dollar quantities (US Treasuries) to dump. Now, consider Iraq, they don’t have that many Dollars by comparison.
Therein lies the real reason Iraq cannot feasibly “raise the dollar exchange rate” (meaning strengthen the IQD) without the GCR General Redemptions being released.
@GCR_RealTimeNews
NEW RV/GCR FACT-BASED NEWS CHANNEL ON TELEGRAM
Awake-In-3D reports on “real world” financial events in the context of an emerging asset-backed Global Currency Reset as Central Banksters fight hard to preserve their collapsing Fiat Currency regime and dominance over humanity.
Providing unique commentary, backed by factual articles and reference links, the new "GCR Real-Time News" channel provides readers with a critical-thinking approach to world financial events documenting this historical financial Shift which is unfolding at this very moment.
Link to join: https://t.me/GCR_RealTimeNews
I don't sell products and this channel is not monetized. I'm not competing with other news sites. My only goal is providing Unique GCR commentary and analysis as a beneficial public service to GCR-Land.