More News, Rumors and Opinions Sunday Afternoon 11-6-2022

KTFA:

Samson:  Has the Ministry of Finance determined the price of a barrel of oil in the 2023 budget?

06/11/2022 17:24:25

An informed source revealed today, Sunday, the actual start of the Ministry of Finance to prepare a draft federal budget law for the year 2023.

The source stated {to Al-Furat News} that: "The Ministry of Finance has started the first steps, meetings and preparations for the ministries concerned with preparing the draft budget law."

The source added, "So far, the price of a barrel of oil that will be approved, or the initial budget figure, has not been determined."

A member of the Finance Committee, Jamal Cougar, revealed the features of the 2023 budget, stressing that it will approach from 130 to 150 billion dollars, at a fixed exchange rate based on the price of crude between 70 to 75, and that it will be a different investment budget to provide services, meaning that it will be a real budget.    LINK

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Courtesy of Dinar Guru

Frank26  Article: "Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term “corruption pandemic”  Quote:  "And on the financial budget for 2023, the Prime Minister announced that he "directed all ministries today to prepare the 2023 budget and determine its priorities, as we are keen to present the budget as soon as possible."  WHICH ALSO MEANS PRESENTING THE NEW EXCHANGE RATE AS SOON AS POSSIBLE.

Pimpy  Once again they are talking about changing the exchange rate.  The interesting thing...is the back and forth about whether or not they're going to do it...Sadr as...the Coordinating Framework...[made] promises to do something about the exchange rate if they control the government.  But we do know the decision is not up to the Iraqi government.  It's up to the Central Bank of Iraq to make those decision.

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TNT:

Harambe:  Iran’s Rial Slumps to Record Low Amid Protests, Nuclear Talks | Bloomberg

11/5/22 

The Iranian rial fell to its lowest level ever recorded in the country’s unregulated, open market on Saturday as protests against the government continued and hopes of reviving the nuclear deal remained slim.

The rial slumped to an average of 363,500 to the US dollar, according to two exchange shops in the capital Tehran and local websites monitoring foreign currency prices. The rial has lost more than 40% against the dollar since August 2021, when ultraconservative cleric Ebrahim Raisi, who had pledged to rein in a turbulent currency market, was sworn in as Iran’s new president.

The rial’s plunge comes as the regime has struggled to quell anti-government protests that began in mid-September over the death in custody of 22-year-old Mahsa Amini after she was arrested for allegedly breaching the country’s Islamic dress codes.

The depreciation can be attributed in part to a lack in progress in reviving the Iran nuclear deal, which would end sanctions against the regime in return for a commitment to curb its nuclear program, a foreign currency trader who asked not to be identified said in a phone call with Bloomberg News. The currency is also suffering from heavy capital outflows from the stock market as Iranians look to raise cash to buy foreign currency to hedge against economic and political instability, the person said.

https://www.bloomberg.com/news/articles/2022-11-05/iran-s-rial-slumps-to-record-low-amid-protests-nuclear-talks

China & Saudi Arabia Already Unleashed Hell On The Dollar, Now The Whales Are Next | Peter Schiff

Two Dollar Investing:  11-5-2022

China & Saudi Arabia Already Unleashed Hell On The Dollar, Now The Whales Are Next | Peter Schiff Peter Schiff warns of the incoming sell off of the century

https://www.youtube.com/watch?v=wdS0bY2743I

The U.S. buys Russian oil to sell to Europe!

Deepin Moments:  11-6-2022

A recent media report reveals how Russian oil bypasses sanctions and ends up in the United States: First, it should be clear that the U.S. sanctions against Russia are on crude oil, not refined products. Second, Lukoil, Russia's second-largest oil company, is not on the U.S. government's sanctions list, and the EU embargo on Russian oil is not yet fully in effect.

 Lukoil has the fifth-largest refinery in Europe, the Sicily refinery in Italy, which has processed crude oil from several countries, 93 percent of which is imported from Russia. Under sanctions, U.S. refineries cannot process Russian crude oil, but Italian refineries can.

After refining at the Italian refinery, the country of origin of the oil "changed" from Russia to Italy. The media said this is a method that has long been used to tamper with the origin of oil.

Finally, the refined product enters ExxonMobil and Lukoil plants in New Jersey and Texas and is distributed to Lukoil stations in 11 U.S. states, completing the importation of oil into the United States.

https://www.youtube.com/watch?v=oI_E42ebLcU

Economists Views on Gold and USD 11-6-2022

Central Banks Are Dumping Dollars For GOLD - 55-Year Record Broken!

Sean Foo:  11-6-2022

The gold buying spree is not stopping. We have the biggest whales, central banks, starting to hoard record amounts of gold, even as prices start to come down, even during an economic crisis.

But this time, there are big mystery buyers keeping their purchases secret and off the books.

If this is true and if a particular country is buying, it is a clear signal that de-dollarization is getting worse. Here's what you must know!

https://www.youtube.com/watch?v=95-twYwB4c8

Record amount of gold bought by central banks in Q3 and there are mystery buyers

Kitco News:  11-5-2022

Gold saw $50 gains on Friday after a very turbulent week.

October employment report and signs that China could be easing its Covid Zero policies pushed prices higher.

Here's a look at Kitco's top three stories of the week:

https://www.youtube.com/watch?v=pC_mOl6bhb8

"Tidbits From TNT" Sunday 11-6-2022

TNT:

Tishwash:  Al-Nusairi: The participation of banks in the Baghdad International Fair enhances confidence in the banking sector

The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, said, on Sunday, that the wide and distinguished participation of the Central Bank of Iraq, the Association of Iraqi Private Banks, government and private banks, and the Tamkeen Fund, which is supervised and managed by the Central Bank of Iraq

And the Association in the 46th session of the Baghdad International Fair enhances confidence in the Iraqi banking sector and strengthens relations Economic and banking relations with foreign countries and Arab countries, especially the Gulf countries, and thus these relations will contribute to joint cooperation and the creation of solid correspondent banks for international banking, where 12 countries and 363 Arab, foreign and Iraqi companies participate in all disciplines and fields.

The broad and active participation of banks in the activities of the Baghdad International Fair comes with a distinguished presence of the Association and authorized managers and their attempt to promote the services, banking products and modern technical services provided by banks at the present time, in particular the provision of financing loans to finance small, medium and housing projects within the initiative of the Central Bank to allocate 18 trillion dinars to revitalize the economic cycle

Stimulating the economy, reducing the unemployment rate for graduates and those with professions and crafts, achieving the societal goal of the banking sector, as well as motivating the public to go to save in banks and reduce hoarding in homes and in unsafe places “with the aim of raising the percentage of financial inclusion, which rose during this year to 33.5%.

He noted that "the public's visit to the wings of the participating banks and to see the banks' plans, procedures and services will contribute greatly to restoring confidence in them, as they are solid national financial institutions, and their deposits in them will be guaranteed by law, especially since the Deposit Insurance Company has begun its work."

Al-Nusairi called on the concerned government authorities and the Ministry of Finance to implement the decisions of the Council of Ministers and the Economic Committee in the Council of Ministers regarding supporting private banks and creating a state of balance between the volume of deposits in government banks and the volume of deposits in private banks, which currently constitute only 13% of the total deposits.

Concerned with settling salaries for employees in banks with the aim of increasing the ability of banks to grant cash credit of all kinds, in addition to involving the leaders and experts of the Egyptian sector in making economic decisions related to the banking sector and their participation in official delegations and joint committees for economic cooperation with countries of the world because without a sound banking sector it is not possible to build an economy A healthy country."   link

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Tishwash:  A parliamentary proposal to prepare a medium-term budget in Iraq

Independent MP Hamid Al-Maliki announced, on Sunday, submitting a proposal to prepare a medium-term budget for a period of three years.

Al-Maliki said during a press conference held at the parliament building and attended by Shafak News Agency correspondent, we submitted a proposal to the Ministry of Planning and the Parliamentary Finance Committee to prepare a medium-term budget for a period of three years based on the provisions of Article 4 Second of the Financial Management Law No. 6 of 2019, which stipulates that the Federal Ministry of Finance prepare A medium-term budget for three years is submitted once and legislated, and the first year is obligatory, and the Council of Ministers, based on a proposal from the Ministry of Finance and Planning, may amend it for the second and third years and with the approval of the House of Representatives.

He added, "We asked the above authorities to consider this proposal, which is based on realistic justifications, and with the aim of setting a financial plan for the state with an average time limit, which must be carried out in terms of programs and projects, and an estimate of revenues and current and investment expenditures  link

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CandyKisses:  A conference in Washington draws the picture of Iraq in 20 years and its challenges internally and externally

Shafaq News/ The American "Atlantic Council" Institute presented a summary of a two-day conference it organized on Iraq in Washington, DC, in which many US and Iraqi decision-makers and senior experts and researchers participated, under the title "Turbulence and Transition: Iraq after twenty years of the invasion", in an attempt to To paint a picture of Iraq over the past two decades, and to identify the opportunities and possibilities faced by new generations in Iraq.

In the report translated by Shafak News Agency, the American Institute explained that the conference was held on October 25 and 26 last, and included speeches and discussions related to the security scene in Iraq, the regional role in mediation and foreign policy in general, in addition to the energy sector, and efforts to deal with challenges climate, in addition to the challenges that Iraq is facing related to its transition to democracy.

Integrative Middle East

With regard to the first day of the conference, the report summarized parts of a speech delivered by the Deputy Assistant Secretary of State for Iraq and Iran Affairs and Public Diplomacy in the US State Department Jennifer Gavito, in which she addressed the efforts of US President Joe Biden to strive for a more integrated Middle East by accelerating support For regional partners, including Iraq.

In addition, Javito also discussed the issue of the fruitful partnership between the United States and Iraq, and stressed that Iraq, although it has faced and overcome many challenges, is currently facing new challenges, including unemployment and lack of electricity, considering that the new government bears the responsibility for Develop policies that achieve improvement in the lives of citizens and reduce corruption.

According to the US official, the youth of Iraq are its most important resource, as 60% of the country's population is under the age of 25.

Security and counter-terrorism

Under the title of the Armed Forces, Security and Combating Terrorism, the head of the Counter-Terrorism Service, Lieutenant-General Abdul-Wahhab Al-Saadi, stressed that security challenges lie at the heart of all problems in Iraq, especially since 2003, despite the fact that the United States helped develop the capabilities of the Iraqi army.

The report quoted Al-Saadi as saying that the army still needs a major development process and is trying to do so with the help of the Ministry of Interior and other government institutions.

For his part, retired US Army General Michael de Barbero spoke about the importance of continuing US aid and support to Iraq, but only on condition that corruption be tackled and Iran's "malign influence" dealt with, in addition to continuing US intelligence activity in the field with the aim of combating terrorism in Iraq.

General Barbero also stressed the importance of reducing and eliminating corruption within the security institutions of the Kurdistan Regional Government.

strategic framework agreement

As for the former Iraqi Foreign Minister, Muhammad Ali al-Hakim, he spoke about the importance of the strategic framework agreement between Washington and Baghdad, considering it the basis for bilateral relations between the two countries, but he indicated the need for Iraq to balance its relations with both the United States and Iran.

Al-Hakim called on Iraq to attract more private sector companies, which would lead to strengthening political dialogue with the United States, in addition to developing the economy and the security situation in the country.

Al-Hakim also called for activating the exploitation of renewable energy, similar to what Egypt is doing, as Iraq enjoys an abundance of the sun in order to generate energy.

Al-Kazemi stage

Under the title "Iraq in the region", the researcher at the "Atlantic Council" Abbas Kazem addressed the stage of former Prime Minister Mustafa Al-Kazemi, as well as the idea that internal weakness opens the door to influence and external interference, and stresses the importance of Iraq's internal recovery, by focusing on addressing Civil divisions based on ethno-sectarian lines.

As for the advisor in the office of the Minister of Foreign Affairs in the Kingdom of Saudi Arabia, Manal Radwan, she considered that Iraq was able to restore confidence in it in the region, especially on the part of Saudi Arabia, despite the fact that Iran's proxies in Iraq still constitute a major issue threatening regional and international peace and security.

Radwan stressed the importance of strengthening Iraq's institutions, adding that Saudi Arabia should work with Iraqis and other international partners to strengthen Iraq.

For his part, the former Consul General of Turkey in Erbil, Aydin Celgen, spoke about the close relationship between Turkey and Iraq, especially commercially, adding that Turkey is the way for all Iraqis to link up with the West.

Iraq and Iran

As for the prominent researcher at the British "Chatham House" Institute, Sanam Wakil, he pointed out that Iran has been a pioneer for 13 years in developing relations with Iraq, and therefore it is considered the most important foreign player in Iraq today.

According to Wakil, this relationship has caused great damage to Iraq's internal stability, as Iran has used Iraq to advance its broader regional ambitions.

Constitutional reforms

In his welcoming intervention on the second day of the conference, Director of the Atlantic Council, Olin Withington, discussed the unstable situation in Iraq and subsequent developments related to failures, in addition to potential solutions to multiple challenges, such as relying on constitutional reforms.

Withington highlighted the idea that Iraq, despite being a country dependent on oil, structural challenges are still present, in addition to the opportunities represented by the private sector are still limited.

According to Withington, the widespread protests mean that there are general grievances and a loss of patience, especially among young people, also pointing to the "political fragility" due to the inability to form a new government for more than a year since the last elections.

But he stressed that the young generation represents the future of this country, adding that "shaping the future is our primary collective task, and from here comes the priority of this conference."

Withington noted that "the United States is committed to a strategic partnership with the people and government of Iraq, and it seeks to support a stable, prosperous, democratic, and united Iraq."

Energy, Economy and Environment

The CEO of Crescent Petroleum, Majid Jaafar, also spoke, considering that the oil issue did not occur after the Ukraine war or the Corona epidemic, adding that there was a "chronic structural deficit in oil."

Jaafar considered that in light of the lack of gas supplies, Iraq should play a major role in supplying global markets after meeting its own energy needs.

For his part, the former Iraqi Minister of Electricity Louay Al-Khatib addressed the issue of the electrical connection, saying that it solves the electricity crisis in Iraq.

The report quoted Sarah Vakhshuri, from the "SVB International Energy", as saying that Iraq can achieve independence in energy and in the field of decarbonization, stressing the importance of extracting natural gas and increasing oil production.

She pointed out that the lack of investments in the field of fossil fuels is a major reason for the rise in energy prices and the shortage in its supply, noting that the issues of energy production and security are still present due to problems related to regulating investment that prevent Iraq's progress locally and globally.

culture, education and technology

The report presented a summary of the speech of the former Iraqi Minister of Culture, Hassan Nazim, in which he addressed Iraq in the fields of culture, education and technology, discussing issues not centered on security, as he stressed Iraq's determination to rebuild and renew itself despite all the challenges that exist.

Nazim stressed that Iraq has become a center of consensus while it was a center of conflicts in the past, pointing to Iraq's clearly developed relationship with the United States, despite past and current challenges.

The democratic experience

Under the title "Iraq's Democratic Experience", former diplomat Faisal Al-Istrabadi, who founded the Center for Middle Eastern Studies at Indiana University in the United States, spoke, noting that the most difficult task for the new Iraqi government is to create a sense of trust between the Iraqi people and the government.

But Al-Istrabadi considered that corruption in Iraq will continue and no major reform will be achieved.

For his part, the independent advisor on Iraq, Laith Kubba, touched on the previous protest movements and their impact, but considered that the "dysfunctional regime" was not able to reform itself from within, but the youth of Iraq are forcing the regime to change.

As for the former deputy in the Iraqi parliament, Sarkot Shams Al-Din, he pointed out that there are independent but "incompetent" individuals within the political system in Iraq, which would cause inaccuracies in the decision-making process within the parliament.

He added that parliament was still effectively controlled by major political parties or "key players".

The report quoted Boston University professor Shamiran Mako as emphasizing on finding ways for the government to restore confidence by providing the necessary institutional reforms and pursuing more conciliatory policies.

He concluded by saying that what Iraq is witnessing was not a functioning democracy, but rather an elite game with regard to how to manage the work of the government.

Mot: .... Uh Oh! - Run Tonto Run! ~~~~

Mot:  .. ooooh...... ooooh...... ooooh...... Eye Opening this is! ~~

News, Rumors and Opinions Sunday Morning 11-6-2022

KTFA:

Samson:  Iraq is the largest purchaser of gold in the second quarter of 2022

6th November, 2022

Today, Sunday, the World Gold Council announced that Iraq is the country that is the largest purchaser of the yellow metal for the second quarter of 2022, while maintaining its 30th rank in the world among the largest countries in possession of gold reserves

The council said in its latest schedule for the month of November 2022, which was reviewed by Al-Iqtisad News, that "Iraq jumped to the 30th rank after it was the largest purchaser for the second quarter of the current year 2022, after purchasing 33.90 tons of gold, bringing its reserve balance to 130.4 tons, which is Equivalent to 9.4 of the rest of his other reserves

He added that "Turkey was the most buying country for gold for the third quarter of 2022, with a rate of 31.17 tons, bringing its reserves to 488.9 tons and reaching the 13th rank, while Egypt was the largest buyer for the first quarter of 2022 with 44.9 tons

The United States of America still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,355 thousand tons, and then Italy, 2,451 thousand tons, while the Lao People’s Republic ranked 100, with a rate of 900 kilos, preceded by the Republic of Cape Verde with 1 tons as well

On June 27, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world  LINK

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Samson:  Iraq ranked first in the most importing countries from Jordan in 10 months

6th November, 2022

Today, Sunday, the Amman Chamber of Commerce announced that Iraq ranked first and for the third month in a row, with the most importing countries during 10 months of the current year 2022

The Chamber said in a statement seen by "Al-Iqtisad News", that "during the past 10 months of the current year 2022, goods and commodities were exported to Arab and foreign countries, amounting to about 742 million dinars, compared to 599 million dinars for the same period last year

And she added, "Exports were distributed in terms of value during the past 10 months of this year to Iraq with a value of about 188 million dinars, Egypt 98 million dinars, Saudi Arabia 94 million dinars, the UAE 76 million dinars, then India with a value of 33 million dinars

The Jordanian dinar is equal to about 70 US dollars

And they pointed out that "the value of exports of foreign products (re-exports) amounted to about 320 million dinars, industrial 187 million dinars, agricultural 143 million dinars, then Arab products with a value of 60 million dinars, and the rest for many other different products

And she indicated that "the Amman Chamber of Commerce issues certificates of origin for agricultural and animal products and raw Jordanian natural resources, for foreign goods that are being re-exported, and for foreign goods purchased from the local market under specific conditions  LINK

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Iraq and the Netherlands discuss signing a memorandum of cooperation in the field of combating terrorism   LINK

Iraq and Greece stress the importance of working to develop economic relations  LINK

The President of the Emirates calls the Sudanese and discusses the overall bilateral relations between the two countries   LINK

The Minister of Defense and his Saudi counterpart affirm the depth of bilateral relations between the two countries   LINK

The Iraqi Foreign Minister briefs his Jordanian counterpart on political developments and features of the next stage   LINK

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Samson:  On charges of forgery and "stealing the century"... Recruiting an Islamic bank manager and freezing banking activities for another

6th November, 2022

The anti-crime office in Mahmudiya district, south of the capital, Baghdad, issued a summons order against the director of a private bank, while the Central Bank of Iraq suspended another bank for its involvement in "the theft of the century".

According to a document obtained by Shafak News Agency; A summons order was issued against the Chairman of the Board of Directors of Spectrum Islamic Bank on charges of forging an official document.

Another document, seen by Shafak News Agency, showed that the Central Bank issued an order to stop the activities of Al-Wad Islamic Bank due to its involvement in the "stealing of the century" case.

The Iraqi judiciary had previously issued arrest warrants against a number of accused of "theft of the century", confiscation of movable and immovable funds, and seizure of real estate belonging to them and their families. LINK

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Courtesy of Dinar Guru

Mnt Goat   Article: "IS IT TIME TO CHANGE THE EXCHANGE RATE?"  Quote: "...go to the program to delete the three zeros so that the dinar became a respectable and strong currency and an actual strategic and national stockpile that is better than the dollar and gold together."   Alleluia! Alleluia! Yes, this...is exactly what we want to hear. I do not think they will ever tell us directly they will reinstate the dinar but we know if they do the project to delete the zeros they will have to reinstate it. Plus the CBI told us this is the next step way back in 2011 when the told us the overall process of how to get the dinar back to FOREX. By the way this is the second article already in a week that they mentioned the project to delete the zeros….

Frank26  Article: "Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term “corruption pandemic”  Quote:  "And on the financial budget for 2023, the Prime Minister announced that he "directed all ministries today to prepare the 2023 budget and determine its priorities, as we are keen to present the budget as soon as possible."  WHICH ALSO MEANS PRESENTING THE NEW EXCHANGE RATE AS SOON AS POSSIBLE.

Breaking News! Iraqi Premier to Raise Dinar Value! Central Banks Buy Record in Gold! US Rep Charged!

Dr. Kia Pruit:  11-5-2022

So much is going on in the geopolitical arena today, but we are encouraged, because things are working in our favor! It appears that the IQD could revalue soon. It also appears that the new gold-backed United States Note will be soon announced.

https://www.youtube.com/watch?v=gDzRYT6lwJQ

Alasdair Macleod: Credit Suisse Rescue Catastrophic! Banking Sector on the Verge of Bankruptcy

As Good as Gold:  11-5-2022

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview Alasdair Macleod, Advisor to AGAGA. Has the 'economic hurricane' that Jamie Dimon referred to hit our shores?

The RBA continues to stick to their word, increasing rates in an attempt to curb inflation, up 0.25% - 2.85%. Inflation here in Australia is now at 7.3%, and Australia's debt to income ratio now stands at 185% - a new record.

 As cost of living expenses continue to escalate in the US, the FED is about to confirm another rate hike. So where to from here? Will the FED continue to tighten? How long before they pivot and introduce another bout of QE?

Further rises in interest rates will eventually break the economy, and contracting bank credit will put banks at risk.

With commodity prices, generally subdued, gold and silver were quiet backwaters, but the technical situation is becoming potentially explosive - what does this mean?

Where to with gold and silver from here? Physical gold sales worldwide are up 28% YOY - these are World Gold Council numbers.

Saudi Arabia wants to join BRICS. The Egyptian Central Bank Govenor wants the Pound backed by gold. There's wars, inflation running rampant, and the world is in economic chaos - it's a perfect environment for gold.

https://www.youtube.com/watch?v=m3N2eER2WnE

GAME OVER! China and Russia BRICS Partnership is Collapsing the US Economy? Fall Of PetroDollar

GAME OVER! China & Russia BRICS Partnership Is Collapsing The US Economy? Fall Of Petrodollar

Investing Future:  11-5-2022

The BRICS members have collectively attempted to disrupt the US dollar’s dominant position in the current global reserve currency structure through promoting the reform of the IMF’s SDR and supporting the renminbi’s inclusion into the SDR basket.

These initiatives are part of the BRICS’ broader efforts to reform the existing multilateral international financial institutions.

 Chinese officials had expressed China’s interest in restructuring the global reserves currency structure and advocated for giving the SDR a greater role several months before the first BRIC summit.

In March 2009, the PBoC Governor, Zhou Xiaochuan, called for making the SDR into a “super-sovereign reserve currency”. Later, the United Nations (UN) echoed Zhou’s idea and proposed establishing a new Global Reserve System based on the IMF’s SDR.

The UN proposal stated: The global imbalances which played an important role in this crisis can only be addressed if there is a better way of dealing with international economic risks facing countries than the current system of accumulating international reserves. …

To resolve this problem a new Global Reserve System, what may be viewed as a greatly expanded SDR, with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength, and global equity.

The US dollar’s supremacy and US global leadership have been increasingly questioned since the 2008 global financial crisis, The fact that this crisis originated in the United States raised concerns about the reliability of US leadership and the rationality of preserving the dollar’s hegemonic position in the global financial system.

Despite the breadth of the BRICS countries’ financial cooperation and their growing interconnectedness, BRICS’ activities in the monetary realm have been understudied, Yet the stakes of BRICS’ de-dollarization initiatives are particularly high

The US dollar is the dominant currency in the global financial and monetary system and affects various aspects of global affairs, however, more and more countries seem to be pushing the idea of de-dollarisation due to the loss of confidence in the US currency as a safe haven, One of the main causes of that is US monetary tightening which is playing havoc with the world’s economies, as the dollar is the main global currency

This has reignited a desire to end the dollar’s dominance in the world economy, A "strong BRICS" is poised to destroy the Petrodollar's hegemony;

Brazil, Russia, India, China, and South Africa are the five main emerging economies that make up the influential group known as BRICS; The group accounts for roughly 16% of global trade, 24% of the global GDP, and 41% of the world's population;

Since the organization's founding in 2009, all of the member nations have held yearly meetings; The 14th BRICS annual summit was largely held in China this year;

https://www.youtube.com/watch?v=R3TUHexJY4g

News, Rumors and Opinions Saturday 11-5-2022

Note From Dinar Recaps:

To our newest readers,

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

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

RV Excerpts and Rumors from the Restored Republic via a GCR as of Sat. 5 Nov. 2022

Compiled Sat. 5 Nov. 2022 12:01 am EST by Judy Byington

Judy Note:

“Remember, Remember the 5th of November. 11.5. It’s coming! Get ready for a Military takeover, Blackout Shutdown, Martial Law, WW Three, Nuclear False Flag, Stock Market crash.”

Denzel Washington: “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.”

Internet to be paused, with YouTube, Google, Facebook, Twitter, Yahoo, Bing, Instagram Killed

The next 30 days will be world altering.

The future for our culture and species was in the balance six months ago. The Deep State was almost complete in their plans.

Global Food Shortages Pending: It would be wise to have 2-3 weeks worth of food, water, cash and essential items on hand.

Global Currency Reset:

Judy Note: The US Treasury has asked the banks to prepare for announcement of the new gold/asset-backed US Note sometime this week.

Thurs. 3 Nov. Bruce: HSBC said everything releases over the next three days to Sun 6 Nov. Other sources say from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.

Thurs. 3 Nov. MarkZ: “Most of my sources say it will happen between now and Fri. 11 Nov.  Myself and others have been leaned on to be quiet over the last 12 hours specifically about timing. There are a lot of folks who have yet to consummate their deals. But, we have had another confirmation since yesterday that another bond deal was completed. It appears they are rolling through the bonds at a reasonable, responsible rate right now. This gives me a warm fuzzy feeling.”

Read full post here:  https://dinarchronicles.com/2022/11/05/restored-republic-via-a-gcr-update-as-of-november-5-2022/

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Courtesy of Dinar Guru

Nader From The Mid East  You see all what's going on with the exchange rate...they took it down, they can easily reinstate it and the economy will not be touched...especially now...it's booming in Iraq.  It's nice you can get money left and right...

Breitling  Watch Iraq.  It's very positive.  It's going to happen...but you need to be making money in other areas because we can't control the date.  I think a lot of people don't listen to that advice...Iraq is very positive.  I'm not getting out...I haven't heard anything negative to this day, seen anything that going to stop them from a revalue.

Iraqi Dinar update for 11/04/22 - I did not expect this

Pimpy’s Investment Chat: The Other Side of Things:  11-4-2022

https://www.youtube.com/watch?v=phTY8Wfzk8Y

The Fed's Mission: Recession First, Then Hyperinflation!

Sean Foo:  11-5-2022

The Federal Reserve has hiked rates by a jumbo 75 basis points and they are not going to stop. Powell has confirmed that he is still out to crush inflation and rates are going to go higher. However, the Fed is likely going to over-tighten and crush the markets and then the pivot will happen. Hang on tight because the markets are most likely not done tanking yet!

https://www.youtube.com/watch?v=M4ll61fsfD4

Weekend News With MarkZ and Charlie Ward 11-5-2022

Weekend News with MarkZ 11/05/2022

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning and welcome to another weekend waiting.

Member: Maybe the last one broke????

Member: Remember, Remember the 5th of November. Guess we will soon see if there is anything memorable happening today.

Member: Remember Christmas in July….. that was swept under the rug….and Red October was also a bust….

MZ: Most of us are still looking from the 8th until the 11th. Banking sources still think this is our weekend to early in the week.   Their record is even worse than mine….lol.

Member: So is there a juicy “something burger “ for us today Mark

MZ: unfortunately no…We seem to be on a diet of fasting for news right now. Today is a massive nothing burger.

MZ: Checked in with Redemption Center contacts…dead quiet. They are on call with nothing to tell.

MZ: Nothing overnight on the Iraq front. We know they sat their cabinets. We know they sat their ministers and it is now up to the CBI..

MZ: Quiet from bond contacts, CMKX contacts…you name it. It was dead silent overnight.

Member: still all quiet in the news. we're super close to going! Imo

Member: Those poor bond holders and whales stuck in motels being constantly lied too……imagine how frustrated they are.

Member: the whales have a hell of a motel bill

Member: I wonder why the 5th of November is so special?? Anyone know?????

Charlie Ward calls in: Mark puts him on speaker:

CW : I was told by a spiritual advisor yesterday that there may be a false flag happening on the 8th which is Tuesday. And it will look far worse as mainstream media will blow it out of proportion. Then they will hold the election as a state of emergency is declared …and then the Us army could step in and expose plots…..then the Us Army will run the country for a short time. I thought I would share this possibility with you. It’s hard to discern the truth out of a whole world of bullshit.

MZ: it really is a world full of bullshit right now.

CW: It could be….it sounds right….we know something is going on. It would make sense.  We are trying to do everything we can to establish the truth.

MZ: We have been expecting a false flag event……we will be watching. They are trying to scare people away from voting…imo

Member: Sure hope the military takes over every TV station and fires them all

Member: Lots of rumors of a nuclear threat out there.

Member: Military steps in. Then what ???  Sounds like it could be Nesara/Gesara…along with new elections??  And the Reset?????

Member: So should we stay home on Tuesday?

MZ: Everyone should get out and vote……many times there were threats and nothing happened.

Member: Thanks Charlie and MarkZ for sharing

Member: Charlie seen we were hungry and brought us an appetizer.

Member: yesterday on a video Simon Parkes gives 6 senerios. Says 1 of them is the right one. Your pick

Member: I like SIMON PARKS ...OPTION 5 on his last podcast of potential options

SIMON PARKES Midterms Update: https://bestnewshere.com/simon-parkes-november-8th-midterms-intel-upda​te-must-see-video/

Member: If this new money system is indeed traceable im still confused on the never ending delays. They can shut it off if needed

Member: I was just wondering for days now , If they come out low and we only have 60 days to cash out , what if the rate doesn't get to where we want, we lose?

Member:I believe  Mark had said it should not affect our rate in tier 4b – we are exchanging under the “oil for dinar “ contract…..but folks exchanging with street rate at banks…..they will have to take whatever rate it is when they go to the banks…..hopefully we find out soon what that rate is.

Member: Anyone have any info on the current anticipated Dong rate?

Member: they said 2 to 4 dollars and l heard half of dinar. but what ever it is will be more than you spent so its a blessing.

Member: Its amazing the millions that are suffering more everyday and yet this huge humanitarian RV isnt released to stop this

Mod:  THERE ARE SPECIAL THINGS THAT NEED TO BE DONE, THEN THIS WILL HAPPEN

Member: ​I think after or on Tuesday things are going to happen.

Member: NESARA GESARA on Rumble just said that the EBS is ready!!

Member: I hear Martial law will be in many countries including us

Member: If Martial law is declared all of the following may stop in the affected areas: Postal services, Fire Departments, Schools... plan ahead

Member: we just have to wait pray to God. we are going to soon be totally free from all this oppression. no more chains

Member: Jesus I pray for peace for everyone on this chat and I’ll patriots globally. Give us your peace your strength your blessings your perfect design reset. We are eager to bring heaven on earth

Member: Hope everyone has a great weekend and can enjoy the great outdoors and family time

Member: yall have a great day and weekend! keep your heads on a swivel and be safe wherever you are!

Member: Thanks to Mark and the wonderful mods….we appreciate you all.

Member: Prayers for the victims of Tornado outbreak yesterday in Texas Oklahoma Arkansas they had some bad ones

Member: Remember: Sunday is the end of Daylight Savings time….Spring forward-Fall Back…..be sure to set your clocks back one hour…..

Mod:  “THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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/

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

https://www.youtube.com/watch?v=Zii460vHldc

"Tidbits From TNT" Saturday Morning 11-5-2022

TNT:

Harambe:  Vietnam likely be among Asia’s fastest growing economies next year: WSJ |

11/4/22

Vietnam will likely be among Asia’s fastest growing economies next year, despite a weaker currency and falling foreign reserves, according to a recent article published on the Wall Street Journal (WSJ).

According to the author, Megha Mandavia, after the tough years of 2020 and 2021, Vietnam spent much of 2022 in the sweet spot - still-low inflation and rapid growth.

Times will get a bit tougher now, but the country is poised for fast growth next year - Natixis is forecasting 6.5%, while Capital Economics expects more than 7% - and the weakening currency may help soften the blow from weaker export demand.

The article assessed that the situation could get even trickier for Vietnam if the world slides into a recession. However, thanks to investments in infrastructure, aggressive trade liberalisation and relatively cheap wages, its manufacturing engine remains intact.

Vietnam also has the advantage of starting from an enviable growth position: roaring at 13.7% year on year in the third quarter of 2022 on the back of strong exports to the US.

The author noted that the country has also been partly insulated from the global surge in food prices - it is among the leading rice producers and exporters globally.

https://en.vietnamplus.vn/vietnam-likely-be-among-asias-fastest-growing-economies-next-year-wsj/243331.vnp

***********

Harambe:  World Bank ready to help Vietnam with sustainable economic development |

 11/4/22

Vietnam should come up with solutions to bring benefits for short, mid and long-terms, helping the economy to develop stronger towards becoming a high-income country by 2045, said Global Director of the World Bank (WB) Group's Macroeconomics, Trade and Investment Global Practice Marcello de Moura Stevão Filho.

In a meeting in Hanoi on November 4 with Politburo member, Chairman of the Central Theoretical Council and President of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang, Filho said short-term solutions to stabilise the economy at the moment could undermine long-term goals.

According to the official, there are many ways to develop a sustainable economy in a long term and Vietnam has taken proper actions so far.

He said the WB is ready to work with the country to build Vietnam Report 2045, adding that it will strive to seek necessary resources to conduct the study in the coming time.

Thang said Vietnam advocates addressing immediate issues like culture, economy, politics, security and external affairs in order to create a premise for dealing with long-term matters.

Ensuring security, welfare and health of people is always the goal in every step and policy of Vietnam, he said, adding that it requires huge resources to deal with both social and economic development issues.

Thang also stressed the need to protect a peaceful environment and achieve harmonious, sustainable development in a changing world as inflation, natural disasters, floods and epidemics are affecting economic growth of many countries, including Vietnam.

https://en.vietnamplus.vn/wb-ready-to-help-vietnam-with-sustainable-economic-development/243344.vnp

************

Tishwash:  Economist: The Sudanese program is balanced and real if implemented correctly

The expert in economic affairs, Raad Twij, said that Prime Minister Muhammad Shia Al-Sudani presented his new government program, "which is balanced, real, and feasible", calling for the help of influential economists to implement this 

program . "The new government inherited great economic files that are the accumulations of previous periods, where the economic aspect was neglected, as we see in the failure to implement the white paper, and the deterioration of the level of economic consultations, which requires opening executive and advisory economic windows to change the economic reality in Iraq," noting: The new Sudanese government program is balanced, real, and feasible."

He pointed out that "the Sudanese program presents a new economic reality that will reflect positively on the country's economy, if implemented correctly, especially what the World Bank expects of high growth rates for the Iraqi economy in 2023, equivalent to 4%."

The economist predicted: "Iraqi economic growth rates will rise more than 4%."  link

**************

Tishwash:  Parliamentary calls for the government regarding the budget: boost revenues and reduce expenditures

A member of the Parliamentary Finance Committee, Nazim Al-Shibli, called on Saturday, the government of Prime Minister Muhammad Shia Al-Sudani to expedite sending the draft budget law for the next year to the House of Representatives. 

Al-Shibli said in an interview with "Information", that "the budget for the year 2023 should be a budget for services in which it enhances revenues and reduces expenses."

He added that "there is a tendency by the Parliamentary Finance Committee to establish a special fund for each governorate aimed at activating basic services such as health, education, roads and bridges." Al- Shibli
pointed out that "the budget should include plans to support strategic projects," noting that "the Financial Management Law stipulates that the budget must be submitted in mid-October." 

He takes his mechanism in voting and approving.  link

Mot:  ooooh Noooo - Aint gunna Sleep Tonight figuring This un OUt! ~~~

Mot:  ~ Found the Perfect Way to Do These Excercises I Did!! ~~

Friday Evening Chat with MarkZ 11-4-2022

Friday Evening News with MarkZ 11/04/2022

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: Hi everybody …Would someone be able to direct me to the best Can Kicking Team… I feel that I’m competition ready and eager to join! Let them know I live healthy by eating Nothing Burgers. Thanks…lol

​Member: We need the golden dragon to lay an golden egg

Member: I really think they are about to pull the trigger on all this.

Member: Hoping Mark has some great news tonight.

MZ: No bad news tonight….just no actionable news at all. We seem to be in a holding pattern waiting for something to happen.

MZ: Redemption center folks are on call. Hopefully they will have to work. They don’t have an expectation right now as to whether they will or not. They are hearing much chatter of them working very long days ahead .

MZ: I spoke to bond contacts and paymasters and it is very quiet on that front.

Member: I hate weekends, the silence is deafening

Member: Silence is golden..

MZ: Yes it is and I believe they are trying to quiet speculation. We know it will revalue…It is inevitable. We know fiat will crash……but they are trying to keep the dates as cloudy as possible …this is exactly what to expect with a reset.

Member: As long as it takes bondholders to be paid the RC  employees need to work 7 days a week

Member: Mark, Isaac just posted: Nothing until the 8th for the German bonds

Member: Some gurus are still saying we will be taxed on this exchange.

MZ: I still hear we won’t…..but I am prepared just in case. No sense wasting our time worrying about it.

MZ: Regarding the photo circulating right now of the woman exchanging dinar. It is an old photo …a stock photo from the early 2000’s where they changed the Saadam style currency for the dinar we now hold.

Member: The GOI has no say in the exchange rate….strictly CBI

MZ: Yes… In iraq…minister after minister have told us that…..Its up to the CBI now. 

Member: Nader posted 20 minutes ago

MZ: Nader did drop a video guys …he is disappointed on the back and forth going on in Iraq….Don’t be concerned with the news…We saw the same thing in Kuwait and China before they RV’d. We have seen the same thing in every country in the days and weeks  leading up to the change in value.

Member: Guru Nader From The Mid East You see all what's going on with the exchange rate...they took it down, they can easily reinstate it and the economy will not be touched...especially now...it's booming

Member: I wonder why Kuwait revalued so quick and Vietnam hasn’t revalued in so long?

Member: Was it this quiet in Kuwait before they RV’d?

MZ: Yes. Absolutely it was this quiet and it had just this much conflicting information. In fact early that morning their national newspaper came out and said they would not be ready for 9 months to 3 years to RV. ….Then it revalued that same day.

Member: I was in country at the time and they told us 6 months to 3 yrs before they would be able to raise the rate. At around 10-10:30 they started exchanging at the new rate

Member: If Kuwaits rate is $3+…wouldn’t Iraq’s be similar???

MZ: I think Kuwaits rate is around $3.35 and yes…they want it close to parity in the region for stability.

Member: Mark, my bank had a message on their drive up window that said" we will be closed on Saturday for computer updates "

Member: Our tellers here in NC told us that the new currency comes out on the 1st of December

Member: yes, they already trained the banking system, just waiting for the Go….I was told that by a bank manager at my bank.

Member: Simon Parks just gave six scenarios of what is going to happen, which he was told one of them was going to happen. He could not give out the Right one. NDA. check him out..if you want to know more...

Member: next weekend is a 3 day weekend- Veterans Day.

Member: cheers to all VETERANS!

Member: It's a 3 day weekend next Friday, Saturday, and Sunday.

Member: Still holding out hope that this is the weekend we are waiting for….not next week..

Member: Thank you all for joining today and have a Blessed evening.Thank you MarkZ and Mods

MZ: Hopefully there will be news overnight  for tomorrows morning stream

“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/

JOIN US DURING THE NEXT REGULAR PODCAST TOMORROW MORNING AT 10 am EDT. CBD GURUS WILL BE MARK'S GUESTS

https://www.youtube.com/watch?v=d4hdaWag_l8

More News, Rumors and Opinions Friday Afternoon 11-4-2022

KTFA:

Samson:  Deputy: The Sudanese government intends to consider electrical connection deals with Jordan and Saudi Arabia

3rd November, 2022

A member of the Electricity and Energy Committee, Suhaila Al-Sultani, considered, on Thursday, the electrical interconnection agreement with Jordan and Saudi Arabia, which was signed by the previous caretaker government, as having a political dimension and economically unfeasible. 

Al-Sultani said in an interview with the "Information" agency, that "the Sudanese government will take steps to reconsider the electrical connection deals during the era of the caretaker government." 

She added that "the file of the electrical connection with Jordan and Saudi Arabia is a drain on Iraq's wealth, and indicated that" the goal of the electrical connection with Jordan and Saudi Arabia is political on the part of America."

She pointed out that "the electrical linkage agreement with Jordan and Saudi Arabia is economically useless and constitutes a challenge and a provocation to the Iraqi people," stressing that "the Sudanese government will take steps to reconsider the electrical linkage deals." 

A member of the Al-Fateh Alliance, Ali Al-Fatlawi, stressed in a previous interview with the Information Agency, the role of the Ministry of Foreign Affairs with other countries to cancel the decisions and agreements of the caretaker government led by Mustafa Al-Kazemi, pointing out that the decisions of the Sudanese government were correct and came at the right time.   LINK

************

Samson:  Yassin: Corruption has reached the level of terrorism, and combating it needs courage

03/11/2022 22:27:26

 The anti-corruption expert, Saeed Yassin, pointed out that corruption has reached the level of "terrorism".

  Yassin told Al-Furat News that: "Corruption has reached the level of terrorism and the pandemic, and today and tomorrow, deterrent measures must be taken, the rule of law is imposed, and the law is enforced with justice and strictness on all."

He added, "So far, the method of law enforcement and judicial procedures are taking place comfortably, and according to the standards, there is strict implementation of the law, and the basis is the rule of law, arrest and recruitment, money seizure, travel ban and the pursuit of fugitives."

Yassin pointed out to "resolute efforts to combat corruption, but the lesson is in the courage of the decision when the government decides to strengthen the work of integrity by prosecuting the theft of public money, and correct criteria must be set in selecting employees and fortifying institutions, and measures must be taken to avoid the recurrence of corruption operations."

Prime Minister Muhammad Shiaa al-Sudani affirmed that his ministerial team will address the next stage, and its quest to cooperate with the legislative authority to bypass the next stage. Al-Sudani said, that the pandemic of corruption that affected all aspects of life is more deadly than the Corona pandemic, and was the cause of many economic problems, weakening the prestige of the state, increasing poverty, unemployment and poor services, and accordingly our program will include firm policies and measures to combat this pandemic.  LINK

************

Samson:  IMF: Iran has the lowest debt among the countries of the Middle East and Central Asia 

4th November, 2022

Today, Friday, the International Monetary Fund announced that Iran's external debt is lower than all countries in the Middle East and Central Asia, and estimated the ratio of debt to GDP in 2022 at only 0.5%.

The International Monetary Fund, in part of its new report entitled "Economic Prospects for the Middle East and Central Asia", examined the size of the external debts of 28 countries in the region, including Iran.

According to the calculations of this international organization, Iran has the lowest ratio of external debt to GDP in 2022 compared to other countries in the region.

This report indicated that the ratio of Iran's external debt to GDP this year was only 0.5%, which is lower than all countries in the Middle East and Central Asia. 

It is noteworthy that in 2021 the Iranian foreign debt recorded the same number.

The average debt of the countries in the region of their GDP this year is estimated at 35.8%. The debt-to-GDP ratio of oil-exporting countries in the region was also announced this year at 30.9%.  LINK

Courtesy of Dinar Guru

Sandy Ingram   The new prime minister of Iraq said the following on Tuesday, Its government with the help of the Central Bank of Iraq will do is best to increase the price of the Iraq dinar against the U.S. dollar.  Article: "Iraqi premier to raise Iraqi dinar value"  He did not say what the revalue would be.

Pimpy  The 8th fastest growing economy, $9 billion a month in sales, a possible $200 billion in surplus money.  It just seems like Iraq is teetering right on the edge of finally getting back on track and being a great nation and ready to do business internationally.  I'm looking forward to it and it's going to benefit the Iraqi people...if they prosper then hopefully...their currency will increase in value...

************

Should the US Be Worried That Saudi Arabia Wants to Join BRICS?

Strait Talk:  10-28-2022

The world's largest oil producer Saudi Arabia, is reportedly asking to join the BRICS group. The regional bloc, comprising Brazil, Russia, India, China and South Africa, has been touted as a serious counterweight to the western led world order.

Just a week ago during his visit to Riyadh, South African President Cyril Ramaphosa announced that Crown Prince Mohammed bin Salman expressed the kingdom's desire to join BRICS.

Saudi Arabia, home to 17% of the world's proven oil reserves, maintained close security and economic ties with the US for decades. But since the election of Joe Biden, Riyadh has steadily moved closer to US rivals like Russia and China.

Earlier this month, the oil producing cartel OPEC+, announced it would cut oil production by two million barrels a day. The US blasted Saudi Arabia for the move, saying it would directly support Russia and hurt US consumers ahead of next month's midterm elections.

The BRICS countries, have long called for new financial centres to counteract US dominated institutions like the IMF and World Bank.

Would Saudi Arabia's inclusion into the group help BRICS achieve that goal?

https://www.youtube.com/watch?v=eY1sJWgnoPw

Tearing Up PetroDollar Deal: Feds Hit Back By Saudi Arabia

Tearing Up PetroDollar Deal, Feds Hit Back by Saudi Arabia, U.S Dollar Hegemony is Ending.

Deepin Moments:  11-4-2022

November 2 EST, the Federal Reserve opened its sixth interest rate hike of the year and raised rates for the fourth time by 75 basis points.

Currently, the US benchmark interest rate has been as high as the 3.75%-4% level range. It is a dollar tightening not seen since the financial crisis in 2008 and the fastest tightening of US monetary policy in 40 years.

This monetary tightening by the Federal Reserve in the name of curbing US inflation has not been able to curb the high US inflation. The US consumer price index has exceeded 8% for seven consecutive months and is at a 40-year high.

In response, although Fed Chairman Jerome Powell hinted that he might slow down rate hikes at the end of the year or in February next year. But he also stressed that it was too early to consider pausing interest rate hikes.

In other words, slowing down interest rate hikes does not mean not raising rates, and the Fed vowed to raise rates to the end.

 Immediately after, on November 3, the CME Group's FedWatch tool predicted that the probability of the Fed raising rates by 50 basis points in December was 56.8%, and the probability of raising rates by 75 basis points was 43.2%.

This would mean that the benchmark interest rate in the US could be as high as at least 4.25%-4.5% by the end of this year, possibly even touching the rare level of 4.5%-4.75%.

Saudi Crown Prince Mohammed bin Salman has expressed his desire to join the BRICS. And before that, for the US proposed anti-OPEC (NOPEC) bill intended to call a halt to the Saudi-led OPEC's right to global oil discourse, Saudi Arabia directly declared that if this bill is passed, it will tear up the petrodollar agreement and settle oil in a non-dollar currency instead.

Since 2020, the Saudis have sold off a cumulative 35% of their US treasury bonds. Clearly, the Saudi backlash against the Federal Reserve, the dollar and the US economy has risen to a strategic level.

https://www.youtube.com/watch?v=Mis88P6bN94