Sean Foo and Peter Schiff Tuesday 11-8-2022
Germany Teams Up With China To Save Their Economy!
Sean Foo: 11-8-2022
Germany is increasing their trade with China to save its manufacturing industry.
The energy crisis in Europe is collapsing German companies and Olaf Scholz has gone down to Beijing with German industry CEOs to secure their economic future!
This is why cheap energy is the ultimate bargaining chip. Here's what you must know!
Germany Teams Up With China To Save Their Economy!
Sean Foo: 11-8-2022
Germany is increasing their trade with China to save its manufacturing industry.
The energy crisis in Europe is collapsing German companies and Olaf Scholz has gone down to Beijing with German industry CEOs to secure their economic future!
This is why cheap energy is the ultimate bargaining chip. Here's what you must know!
Russia's Top Banks Have JUST SOLD OFF This ENTIRE US Asset To Collapse The US Economy | Peter Schiff
Investing Future: 11-8-2022
According to Peter Schiff, countries will begin to realise they've had enough of America utilising its influence to dominate the markets and pose a threat to other nations.
China and Russia are two of the powerful nations aiming to dominate the global reserve currency.
It is clear that the Fed opposes the US economy when it comes to interest rates.
"Coffee With MarkZ" Short Tuesday Morning Chat 11-8-2022
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Tuesday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Taco Tuesday……remember to go vote
Member: I bet RV news will stay quiet until elections are over
MZ: it is dead silent from all my sources from paymasters , bankers, redemption centers…..you name it. Right now it seems all eyes are on today’s election outcomes.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Tuesday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Taco Tuesday……remember to go vote
Member: I bet RV news will stay quiet until elections are over
MZ: it is dead silent from all my sources from paymasters , bankers, redemption centers…..you name it. Right now it seems all eyes are on today’s election outcomes.
MZ we expected quiet today…hopefully we will have news by this evening. I am cutting this stream short today to save my voice……
Member: Every one is quiet. That's a good sign.
MZ: “Evelyn De Rothschild, London head of banking dynasty, dies at 91” This is straight out of Europe. The head of the family is gone. Interesting timing right? Perhaps a coincidence?
Member: Evelyn de Rothschild died under the Blood Moon lunar eclipse 33322 days after he was born converted to Julian. In straight Gregorian, he lived for 91 years, 10 weeks, and 1 day (9/11/01):
Member: You have to realize the SCOPE of how deep the Evil is imbedded throughout Everything that we know!! From Top to Bottom!!
Member: Dow +426pts. Nasdaq +87pts. S&P +9.57pts. DXY +.07pts. BTC $19,452 ETH $1,449
MZ: one of you sent this to me …it’s a golden oldie we shared a long time ago…..but it shows info on Historic Chinese bonds so you guys can find this in MSM…Links are included in my daily link sections. “$1.6T in century old Chinese bonds gives Trump leverage against Beijing”
Member: I hope the Military steps up and doesn't let us down..
Member: MARK: Between Iranian Rial and Ven. Bolivar, which would you choose? (I have an opportunity to buy at a good price)..
MZ: not financial advice but if it were me… Bolivar first and rial second.
Member: Who enters the codes if something happens to Mr C
MZ: that is covered and there is a person in place.
Member: Did anyone see the blood red full moon this morning? Very cool
Member: Markz you will have to do a RV song when it hits for us. So they tell me it's your RV, Happy RV Happy, to oo you oo.
Member: Thanks Mark and mods…..see everyone tonight.
Dr. Rich and team joins the stream at the end. Please listen to the replay for their information.
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
News, Rumors and Opinions Tuesday AM 11-8-2022
Okie Posts from DinarGuru and Restored Republic
Submitted by Dinarmama7 at the request of OKIEOILMAN
The Posts from DinarGuru by the fake Okie are once again not from OKIEOILMAN. They are being posted by a fake account.
He is not on any social media sites, has never had a Twitter account and does not post any intel anywhere. He has not posted for several years.
Social media sites do not interest him where people gossip and post their dirty laundry for the world to see. As always he loves all of you, prays for you and is appreciative of your prayers and support.
Dinarmama7
Okie Posts from DinarGuru and Restored Republic
Submitted by Dinarmama7 at the request of OKIEOILMAN
The Posts from DinarGuru by the fake Okie are once again not from OKIEOILMAN. They are being posted by a fake account.
He is not on any social media sites, has never had a Twitter account and does not post any intel anywhere. He has not posted for several years.
Social media sites do not interest him where people gossip and post their dirty laundry for the world to see. As always he loves all of you, prays for you and is appreciative of your prayers and support.
Dinarmama7
RV Excerpts and Rumors from the Restored Republic via a GCR as of Tues. 8 Nov. 2022
Compiled Tues. 8 Nov. 2022 12:01 am EST by Judy Byington
Deep State Plans:
Bitcoin Crash by Short Selling the Market where everyone will loose
Evergrand will crash the Market – a Global Financial System Collapse
Created Food Supply Shortages
Alliance Plan:
Three Days of Darkness: Planned Cyber Attacks on everything; Blackout – Internet, Communication, Possible Power Grid Shutdown
10 Days of Disclosure: One Website, one Web channel broadcast eight hours a day in loop.
NESARA/GESARA Debt Forgiveness implementation
The Military will supply needed food to the masses
QFS implemented
Federal Reserve dead, IRS under new US Treasury
New tax system where there is only a 14% tax on new items bought only, no tax on food or medicine, wages, etc.
Withdraw Maritime Law and change to Common Law.
Global Currency Reset:
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 specifically about timing. It appears continued movement on the Bond side. They were rolling through the bonds at a reasonable, responsible rate.”
Bruce: Sources say everything will be released anytime from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.
Tues. Nov 8 – Election Day – Full Blood Moon and Lunar Eclipse. We are under a six day clock that ends Midterm Election Day Nov. 8.
Tues. 8 Nov. “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.” …Denzel Washington
Charlie Ward: “I was told by a spiritual advisor 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.”
Global Cyber Attack incoming. Get ready! The National Guard will be activating cyber security teams in 14 states ahead of the midterm elections on Tuesday to counter any potential interference. National Guard to activate cyber security teams in 14 states ahead of midterm elections.
Wed. Nov 9 – (9/11) 911 Freedom Day.
“Fri. 11 Nov. 2022 is Resurrection Day” and was the Armistice Day of the First World War.
Now BRICS unites Brazil, Russia, India, China and South Africa. A number of other countries want to join the economic bloc, including Argentina and Iran. The Chinese Foreign Ministry said that several more countries are “knocking on the door” of the BRICS – these are Indonesia, Turkey, Saudi Arabia and Egypt. The bloc of leading developing countries continues to expand its economic and political influence.
Read full post here: https://dinarchronicles.com/2022/11/08/restored-republic-via-a-gcr-update-as-of-november-8-2022/
************
Courtesy of Dinar Guru
Frank26 Article: "Announcement of a tender for the supply of currency counting and sorting machines". FAMILY THE CBI DOES THIS YEARLY BUT THIS TIME IMO FOR A NEW NSCN.(New small currency notes)
Pimpy Question: "Can the Iraqi dinar reach an exchange rate of $3.22?" Of course it could. But there's a lot of things they're going to have to take place in order for that rate change to actually happen...I don't see the Iraqi dinar going up in one huge jump...As the economy recovers and their infrastructure starts to rebuild you'll see it probably go up in smaller increments, not all at one time.
Breaking! Is the Iraqi Dinar GOLD-BACKED? Currencies Strengthening Against USD; Banks Buying GOLD!
Dr. Kia Pruit: 11-7-2022
Iraq is in the news now as the new premier promises to revalue the IQD! I found my screenshot of when Google said the IQD was goldbacked. Why did Google remove the article?
Currencies are strengthening against the USD as countries flee to gold as a safe haven.
DEBT MARKET HAIR TRIGGER, AND ANYTHING CAN SET IT OFF... BE READY.
Greg Mannarino: 11-7-2022
"Tidbits From TNT" Tuesday Morning 11-8-2022
TNT:
Tishwash: Al-Moussawi: Changing the exchange rate helps the poor indirectly
The representative of the Sadiqoon bloc, Zainab Juma al-Moussawi, confirmed, on Tuesday, that changing the Iraqi dinar exchange rate helps the poor in an indirect way.
Al-Moussawi said in a press statement, which received "The Information", a copy of it, that "the restoration of the old exchange rate means a reduction in the value of prices in the Iraqi market and indirectly helps the poor citizen to face the high prices."
She added, "Changing the exchange rate means increasing the popularity of the current government because it took an approach contrary to the previous government, which narrowed the Iraqi citizen." link
TNT:
Tishwash: Al-Moussawi: Changing the exchange rate helps the poor indirectly
The representative of the Sadiqoon bloc, Zainab Juma al-Moussawi, confirmed, on Tuesday, that changing the Iraqi dinar exchange rate helps the poor in an indirect way.
Al-Moussawi said in a press statement, which received "The Information", a copy of it, that "the restoration of the old exchange rate means a reduction in the value of prices in the Iraqi market and indirectly helps the poor citizen to face the high prices."
She added, "Changing the exchange rate means increasing the popularity of the current government because it took an approach contrary to the previous government, which narrowed the Iraqi citizen." link
Tishwash: A political bloc links the dollar exchange rate to the popularity of the Sudanese government
A deputy from the Sadiqoun bloc, Zainab Juma al-Moussawi, confirmed today, Tuesday, that changing the Iraqi dinar exchange rate helps the poor segment and increases the popularity of the Sudanese government.
Al-Moussawi said in a statement, followed by Mawazine News, that "the restoration of the old exchange rate means a reduction in the value of prices in the Iraqi market and indirectly helps the poor citizen to face the high prices."
The statement added, "Changing the exchange rate means increasing the popularity of the current government because it took an approach contrary to the previous government, which narrowed the Iraqi citizen." link
************
CandyKisses: Iran announces the operation of a joint oil field with Iraq
Mohsen Khojasteh Mehr, Executive Director of the National Iranian Oil Company, disclosed on Tuesday that the "Sohrab" oil field joint with Iraq is about to enter the operating phase.
He stated this during the national conference to increase the efficiency of Iranian oil and gas fields, which is being held today, according to the semi-official Iranian news agency Fars.
The Iranian oil official said that the Sohrab oil field, located in the southwest of the country, will enter the operational phase, with investments amounting to one billion US dollars.
************
Tishwash: Tamim: The Ministry of Planning strongly adopts a policy of supporting and empowering the private sector
he Ministry of Planning confirmed, on Tuesday, that it has demonstrated a policy of supporting and empowering the private sector, while indicating the existence of an active private sector that is among the priorities of the current government.
A ministry statement stated, "The Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, chaired the 100th session of the Contractors Classification Committee, which was held at the ministry's headquarters."
Tamim stressed, "The ministry strongly adopts a policy of supporting and empowering the private sector, as it is the main development partner in the country, because the development of the private sector creates economic stability that supports and achieves security stability."
He added, "The Prime Minister's directives emphasized addressing the problems and challenges facing the work of the private sector, especially the contracting sector, which represents one of the most important development pillars, because it undertakes the implementation of projects at all levels, and that the government's dealings with the private sector should be transparent and positive." Giving him the development space that is commensurate with his capabilities and the economic potential available to him.
He continued, "Work is currently underway to automate all activities and works related to the classification of contractors, to reduce friction with employees, expedite the completion of procedures related to the issuance of classification identities, and address the problems of listing in the blacklist," noting that "the electronic system for classifying contractors, which was completed by the Ministry of Planning is a pioneering work that has contributed to addressing many problems, but it still needs further development, and this is what the Ministry is currently working on, in the context of completing the e-government requirements.”
The Minister of Planning stressed the "importance of the work of the Contractors Classification Committee, which includes representatives of the relevant authorities," calling on its members to "keep on regular meetings, because its work is related to the classification and listing process."
He continued, "Any delay in completing the procedures for contractors and contracting companies would negatively affect the implementation of projects, and the failure to meet the services provided to citizens."
He concluded, "The presence of an effective private sector is a first priority among the current government's priorities, and there will be many policies and practical procedures that support and develop this sector link
Mot: .. Yeppers! - Been There - Done That! ~~
Mot: .. One of Those Moments WE All Seem to Have! ~~~~
Thoughts From DJ "Gold Backed Currency Part 2" 11-7-2022
DJ: DID YOU KNOW?
Continuing on with last week’s post (Oct 30th 2022 ) concerning the reality of moving to a gold-backed currency. Currently the U.S. has 261,498,927 troy ounces of gold in the treasury or 8,133.5 tons.
In comparison to the rest of the world, Germany-3,362.4 tons, Italy-2,451.8 tons, France-2436.2 tons, Russia-2,298.5 tons , China- 1985.3 tons. (The IMF holds 2.814. 1 tons but isn’t a country). As of 2022, none of the world’s countries use the gold standard.
Due to trade, money supply and the global economy, the rest of the world would need to go back to the gold standard as well. Why? Because otherwise the countries that use the US dollar could stand with their hands out asking for their dollars to be exchanged for gold. Including debtors like China and Japan which the US owes a large chunk of its multi-trillion-dollar national debt.
DJ: DID YOU KNOW?
Continuing on with last week’s post (Oct 30th 2022 ) concerning the reality of moving to a gold-backed currency. Currently the U.S. has 261,498,927 troy ounces of gold in the treasury or 8,133.5 tons.
In comparison to the rest of the world, Germany-3,362.4 tons, Italy-2,451.8 tons, France-2436.2 tons, Russia-2,298.5 tons , China- 1985.3 tons. (The IMF holds 2.814. 1 tons but isn’t a country). As of 2022, none of the world’s countries use the gold standard.
Due to trade, money supply and the global economy, the rest of the world would need to go back to the gold standard as well. Why? Because otherwise the countries that use the US dollar could stand with their hands out asking for their dollars to be exchanged for gold. Including debtors like China and Japan which the US owes a large chunk of its multi-trillion-dollar national debt.
At one time the US held over 20,000 metric tons of gold. During the Vietnam war the US dollar was taking a beating and global confidence in the dollar was shrinking. Foreign debtors (because we were on a gold standard) demanded payment in gold thus shrinking our gold reserve to levels we are at now which forced President Nixon to abandon the gold standard (1971) and move to the current fiat system.
For the US (Thus the rest of the world) to go gold backed certain things have to occur. When an economy grows its money supply must increase. To increase the money supply of a gold backed currency you have to either produce more gold (which is 2500 to 3000 tons per/year globally) or raise the value of gold or both. ( According to Jim Rickards the price of gold would jump to $10,000 an ounce)
While logistically it doesn’t sound feasible, it can be done. The title for the gold held by the US Treasury primarily belongs to the Fed. When the run on our gold reserves happened Nixon stopped it at the 8 tons because the Fed owned it.
But the value of that gold (statutory value) has stayed the same at $42.22 per ounce since 1971. The Fed’s Treasury gold certificates are odd. They don’t provide the Fed with a claim on a fixed weight of gold held by the Treasury but rather they provide the Fed with a claim on $11 billion worth of gold.
The capital gains accrues to whoever has title to the gold . As long as the price stays at $42, the full capital gains on the U.S’s gold remains the Fed’s. If the price (statutory value) was set to say $500 per/oz, the Fed would only get 22 million ounces, forfeiting the remaining 239 million ounces to the Treasury .
Now imagine if the value were set to $10,0000 per’oz. Or even if it went to current market values as stated in the summaries introduced in H.R 9157. Which would allow the values to climb as the market dictates, even if it climbed to $10,000 per/oz. So it can be done.
Since the 1960’s Europe was holding most of the world’s monetary gold. In the early 70’s Europe started preparing for a Global Gold Standard. From 1999 until 2008 they did so officially through a “concerted program of sales” dubbed the “Central Bank Gold Agreement” (CBGA). The idea was to evenly redistribute gold holdings throughout developing countries, relative to their GDP, to accommodate for their currencies to be gold backed. That is still in motion.
Then you consider gold production. Only so much gold can be produced per/year. But there are massive stores of gold in the world that have not entered the monetary system. The Historical Bonds effectively are the titles for these massive hoards. Also as the price increases for gold so does the feasibility to go deeper to mine it . Currently the cost of mining gold is only feasible depending how deep you have to go to get at it or how remote it is located. So it can be done.
Here’s a fun fact. According to Google there’s an average of 0.2mgs of gold in the human body. So there you have it. Go melt yourself down and make some money.
DJ
Short Monday Evening Chat With MarkZ 11-7-2022
Monday Evening News with MarkZ 11/07/2022
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hello everyone hope everybody had a great day
Member: Tell us something good tonight Mark!!
MZ: Losing my voice – probably be a short stream tonight’.
MZ: it was quiet today….just as we expected. My guess is the news will pick up pretty heavy by Wed. I think all eyes are on tomorrow.
Member: One way or another, tomorrow's events will shed a bright light on many things
Monday Evening News with MarkZ 11/07/2022
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Hello everyone hope everybody had a great day
Member: Tell us something good tonight Mark!!
MZ: Losing my voice – probably be a short stream tonight’.
MZ: it was quiet today….just as we expected. My guess is the news will pick up pretty heavy by Wed. I think all eyes are on tomorrow.
Member: One way or another, tomorrow's events will shed a bright light on many things
MZ: I wish I had something for you guys on the RV front….but the news is just not out there. There is some real world news though
MZ: “Billions in Capital calls threatens to wreak havoc on Global Stocks, Bonds” This crash is totally coming….It will probably wait until after the midterms….both right and left will try to spin it as “The markets reacting to the election” Don’t buy it.
MZ: “Used car prices collapse the most since Lehman meltdown” things are crashing quickly guys.
MZ: “Xi meets German chancellor Olaf Schultz” Germany is embracing BRICS at this point. They are turning their backs –for the most part on the rest of Europe. Many Germans say they cannot afford any Christmas presents….many believe they will not be able to adequately heat their homes this winter. Germany is in a bad spot. Their leaders are finally figuring out that walking lockstep with the west is not a good thing.
Member: the Iraq PM announced not using the USD anymore. Even shutting down non authorized banks to do business.
Member: Frank 26 all in red….for Red alert???
Member: Monday Thoughts from Holly Regarding the RV: (1 of 2) 1. We need to have the election happen before anything moves forward 2. There will be no project presentation
Member: part 2 - B. If you are not in a group with a contract rate there will be a set rate for you. C. This needs to be even across the board. They can not give T4b all different rates. I hope this clears up confusion.
Member: Other truther channels predicting big things to go down between tonight and tomorrow. What that means God only knows
Member: Hello all !! can someone post the Tiers again please ?
Member: There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.
Member: Wow !!!!! the moon is absolutely gorgeous Lunar Eclipse in the morning around 4am Central.Hope everyone can check it out.
Member: stars and moon are awesome the stars seen larger than normal
Member: Thanks Mark and mods …Mark hope you feel better soon.
MZ: Will have a normal podcast tomorrow morning….maybe a longer one tomorrow night….
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS 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/
Mod: THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
MARK WILL TWEET IF HE HAS SOLID NEWS UPDATE AND GOING A LIVE! MARK’S TWITTER ACCT: @ORIGINALMARKZ AND TURTH SOCIAL @THEORIGINALMARKZ
Holly, Pimpy and More....Monday 11-7-2022
Monday Thoughts from Holly
Regarding the RV:
1. We need to have the election happen before anything moves forward
2. There will be no project presentation
3. Zim is being redeemed, contrary to many who say it isn’t
4. Zim will be a set rate depending on what group you are in.
A. Some groups have a contract rate
B. If you are not in a group with a contract rate there will be a set rate for you.
C. This needs to be even across the board. They can not give T4b all different rates.
I hope this clears up some confusion.-Holly
Monday Thoughts from Holly
Regarding the RV:
1. We need to have the election happen before anything moves forward
2. There will be no project presentation
3. Zim is being redeemed, contrary to many who say it isn’t
4. Zim will be a set rate depending on what group you are in.
A. Some groups have a contract rate
B. If you are not in a group with a contract rate there will be a set rate for you.
C. This needs to be even across the board. They can not give T4b all different rates.
I hope this clears up some confusion.-Holly
KTFA:
Samson: Egypt, Iraq and Saudi Arabia are on the way.. Why are these countries hoarding gold?
7th November, 2022
According to data published on Bloomberg, the increase in gold bullion purchases among many developing and emerging countries, including Egypt, Iraq and Turkey, this year compared to previous years, with the "declining confidence" in the global financial system, which is currently in place.
Analyst David Fickling wrote in an article in this regard that the World Gold Council reported that central banks around the world bought 400 metric tons of gold bullion in the quarter ending in September, which is a large number given that it is equivalent to the total purchases in a whole year in normal times.
The data found that central banks in emerging economies were the world's largest buyers of gold in previous years. Topping the list is Russia, which has bought 463 tons since 2018 until now, and Turkey, which only bought about 95 metric tons this year, followed by India, Poland, Kazakhstan, China, Hungary, Thailand, Japan, Azerbaijan, Brazil, Uzbekistan, Egypt, Qatar, Iraq and Singapore. The writer says that Turkey, whose lira fell by 52 percent this year, bought 95 tons, and Egypt bought 44.4 metric tons of a total of 48.6 tons between 2018 and this year, while its pound depreciated by 20 percent. It is also remarkable that Qatar bought 15.6 tons, this year, out of a total of 42.7, and Iraq bought 33.9 tons in 2022, out of a total of 40.5 in five years.
Although the Iraqi dinar is stable against the dollar, the credit default swap (CDS), which protects against non-payment of its debts, rose to about 9 percent in September, even after it bought 33.9 tons of the metal. India bought 40.5 tons as the rupee weakened by 8.7 percent.
The writer points out that the 10-year US Treasury bond, which currently yields a yield of 4.2 percent, seems a much better option than gold, which pays no interest, especially now that it no longer outperforms the total returns on government debt. US government debt was previously a risk-free investment, before it turned around last February, when sanctions on the Russian Central Bank led to the loss of most of the $498 billion in reserves on its balance sheet. And Bloomberg News reported last week that the European Union is now looking at using the money to pay for Ukraine's rebuilding.
In this situation, "in a world where it is difficult to trust anyone, it makes sense to protect yourself through the metals market," according to the author. From this perspective, Turkey and Egypt's purchases have become a focus, and although the two countries are major allies of the United States, their relations with it have deteriorated significantly over the past decade, and their governments have found themselves "more simplistic with the rising authoritarian powers." And the path ahead of international relations is more unclear now than it has been for decades, "and it makes sense in this world that central bank reserves should not be so tightly bound by relations with any one country."
The report says that the advertised buyers represent only about 120 metric tons, from the 400 metric tons bought by central banks in the third quarter, but “you can get a good idea of the other candidates, by looking at the countries that have run the largest current account surpluses, namely the balances that governments use to buy their foreign exchange reserves. Outside of Europe, the biggest players are countries whose "relations with the United States are eroding, such as China, Russia and Saudi Arabia." The dollar remains the main intermediate currency so far, with about 88 percent of monetary transactions involving the dollar this year. However, the dollar's share in central bank reserves is rapidly declining from 65 percent at the end of 2016, to 59 percent earlier this year. LINK
************
Iraqi Dinar update for 11/06/22 - This is Sundani's plan for the government
Pimpy’s investment Chat: The Other Side of Things:
GAME OVER! Saudi Arabia's Partnership With Russia Is Collapsing The US Economy? OPEC Ban Petrodollar
Investing Future: 11-7-2022
Why is Saudi’s distancing with the US significant enough to completely dent the US petrodollar?
The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world's economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply.
Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them!
Because of this, the NOPEC law is being passed in the US as retaliation! and the UK government is implementing a Price limit plan!!
Consequently, Russia, High energy prices, caused by Russia’s Ukraine invasion, mean the Organization of the Petroleum Exporting Countries (OPEC) will earn $907 billion from oil exports this year, according to the US Energy Information Administration (EIA), compared with $577 billion on average since 2000.
Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait will collectively have a $409 billion current account surplus, reckons Capital Economics, or almost three times last year’s total.
Russia’s current account surplus so far in 2022 has also tripled, year-on-year. In previous petrodollar booms, energy producers have recycled their windfalls into the Western financial system.
Saudi, for example, racked up a cumulative $160 billion current account surplus between 1974 and 1982, according to economist David Lubin’s book “Dance of the Trillions”, almost all of which went into the eurodollar market, a term for dollar-denominated deposits held outside of America, for example in European banks or the European branches of US lenders.
The banks in turn lent those deposits to Argentina, Chile, and others in an emerging-market debt boom. Finally, OPEC countries face huge domestic investment requirements to reduce their reliance on selling fossil fuels as the world moves towards renewable energy.
For Saudi, that could mean spending more on education to boost its services sector, or building up the non-oil portion of its manufacturing industry, like solar power.
A ‘strong BRICS’ is all set to annihilate the hegemony of the Petrodollar; BRICS is the powerful association of five major emerging economies namely Brazil, Russia, India, China, and South Africa;
The group represents 41 percent of the global population, 24 percent of the global GDP, and around 16 percent of the global trade; All the member nations have been holding annual meetings since its formation in 2009;
This year the 14th annual meeting of BRICS nations was held virtually in China;
Watch For A Debt Market "SNAPBACK" With ALL HELL BREAKING LOOSE.
Greg Mannarino: 11-7-2022
PetroDollar is Dying, Iran is officially Using CNY(Chinese Yuan) to Settle it's Oil
PetroDollar is Dying, Iran is Officially Using CNY (Chinese Yuan) to Settle its Oil.
Deepin Moments: 1-7-2022
China and some countries have already started using CNY (Chinese Yuan) to settle crude oil transactions, and the volume has been strong with record highs.
Public sources indicate that Chinese buyers purchased Iranian oil last year, with some volumes settled in CNY.
Now, Iranian authorities have officially replaced the former foreign exchange position of the U.S. dollar with CNY and listed it as one of the country's top three foreign currencies.
In a statement, Iran said the move was made to expand the use of CNY. Considering again, the increased pricing function of CNY crude oil futures in Asian and European markets and the context of expanded trade activities between China and Iran could also provide an alternative oil currency option for traders in oil-producing countries, including Iran.
PetroDollar is Dying, Iran is Officially Using CNY (Chinese Yuan) to Settle its Oil.
Deepin Moments: 1-7-2022
China and some countries have already started using CNY (Chinese Yuan) to settle crude oil transactions, and the volume has been strong with record highs.
Public sources indicate that Chinese buyers purchased Iranian oil last year, with some volumes settled in CNY.
Now, Iranian authorities have officially replaced the former foreign exchange position of the U.S. dollar with CNY and listed it as one of the country's top three foreign currencies.
In a statement, Iran said the move was made to expand the use of CNY. Considering again, the increased pricing function of CNY crude oil futures in Asian and European markets and the context of expanded trade activities between China and Iran could also provide an alternative oil currency option for traders in oil-producing countries, including Iran.
This suggests that CNY has begun to play the role of an oil currency instead of the dollar.
According to the latest forecast of Saxo Bank, Asia should transition a large amount of oil trade to CNY. Currently, oil-producing countries, including Iran, Angola, Indonesia and Venezuela, are very happy to settle their transactions in CNY.
A Chinese oil giant has already signed the first agreement to settle Iranian crude oil imports with CNY purchases, and plans to sign more such contracts in the future, further expanding the scope of settlement of CNY crude oil futures.
The analysis further said that China may also begin a pilot program to settle its crude oil imports in CNY on a large scale. This would mean that the U.S. dollar would not be charged a toll, thus facilitating investors who have a need to bypass the petrodollar and hedge against volatility in the price of dollar-priced crude oil futures.
Combined with the fact that Europe, Japan and Saudi Arabia, which hold the most overseas dollars, are also embarking on de-dollarization, the "oil-dollar-US-debt" system may be on its way out.
This will mean that more international investors will enter the Shanghai crude oil futures market in the future, supporting China's real economy and adding a new oil currency option for traders in other oil-producing countries.
Analysts say that Chinese energy buyers may next adopt CNY to trade oil on a larger scale, with the Chinese version of CNY crude oil futures breaking the pattern of dollar-based pricing in the oil sector, while a number of oil countries, including the UAE, Japan and India, have previously failed to make a breakthrough in their challenge to the petrodollar, and China has done what others have failed to do.
"Tidbits From TNT" Monday 11-7-2022
TNT:
Tishwash: The Central Bank stops dealing in dollars with four banks in Iraq (document)
The Central Bank of Iraq issued a circular to all approved banks and non-bank financial institutions.
And the bank confirmed, in a letter obtained by “NAS” (November 7, 2022), that “for auditing purposes, it was decided to stop dealing in the US dollar currency for the banks listed below, with the permissibility of dealing with them in other currencies.” link
TNT:
Tishwash: The Central Bank stops dealing in dollars with four banks in Iraq (document)
The Central Bank of Iraq issued a circular to all approved banks and non-bank financial institutions.
And the bank confirmed, in a letter obtained by “NAS” (November 7, 2022), that “for auditing purposes, it was decided to stop dealing in the US dollar currency for the banks listed below, with the permissibility of dealing with them in other currencies.” link
Tishwash: Dollar sales in the Central Bank of Iraq fall to the lowest level in two years
Dollar sales in the bank's auction fell today, Monday, to the lowest level in nearly two years, to just over $80 million.
Shafak News Agency correspondent stated, "The Central Bank sold today, during its auction to buy and sell US dollars, 80 million and 337 thousand and 582 dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.
The average sales of the bank during the past week amounted to 158 million dollars.
Our correspondent added that 91% of these sales went to enhance balances abroad in the form of remittances and credits, which amounted to 73 million and 537 thousand 582 dollars, while the rest went in the form of cash sales, which amounted to 6 million and 800 thousand dollars.
Our correspondent indicated that 15 banks have responded to requests to enhance balances abroad, and 8 banks to meet cash requests, in addition to 21 mediation companies. link
************
Tishwash: The 2023 budget is on its way to Parliament.. a time limit for access and passage
Today, Monday, the Parliamentary Finance Committee confirmed that it did .not know the details of the draft new budget law for the year 2023 Committee member Jamal Cougar told (Baghdad Today) that "until this moment, the Parliamentary Finance Committee does not know anything about the draft budget law for the year 2023," stressing, "We do not have any information about its paragraphs, as . ".it is still under study and construction by the government
He added, "We expect that the draft budget law for the year 2023 will reach the Iraqi ".parliament within the next (20) days He pointed out that "Parliament will work to legislate it before the end of the current ".year, after studying it well
Yesterday, Sunday, independent MP Hamid Al-Maliki submitted a proposal to the Ministry of Planning and the Finance Committee to prepare a medium- .term budget for a period of 3 years Al-Maliki said in a press conference held in the House of Representatives and attended by (Baghdad today), that "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
He added that "according to the provisions of Article 4 Second of the Financial Management Law No. 6 of 2019, which states the following, the Federal Ministry of Finance must prepare a medium-term budget for a period of three years, to be submitted once and legislated. For the second and third years, with the approval of the .House of Representatives
He pointed out that "we asked the above authorities to consider this proposal, which is based on realistic justifications, and with the aim of developing a financial plan for the state with an average time ceiling that must be carried out in terms of programs and ".projects, and an estimate of current and investment revenues and expenditures link
************
Tishwash: A wave of protests is expected..Ayn al-Sadr is looking towards a comprehensive escalation against the government (report)
The American network, "MSN", suggested that the leader of the Sadrist movement, Muqtada al-Sadr, would "exploit" what it said were "expected demonstrations" during the next few months to topple the newly formed government of Prime Minister Muhammad Shia al-Sudani, before the latter .succeeded in arranging his papers enough to exclude the Sadrists
And the network stated in a report published on the seventh of this November and translated by (Baghdad Today), that "Al-Sadr's followers see in Al-Sudani's personality as a follower of former Prime Minister Nuri Al-Maliki, and they expect him to target their ".interests by using his government authority in the coming period She added, "It is certain that al-Sadr, on his part, is preparing to exploit the Iraqi street ".against the Sudanese and his government
The network indicated in its report that "in view of the difficult conditions of the country and the spread of unemployment rates, which reached nearly forty percent of the total Iraqi youth, the failure of Prime Minister Muhammad Shia Al-Sudani to exploit the current financial liquidity enjoyed by the Iraqi budget will lead to an increase in popular discontent amid a current rise
The momentum of the popular demonstrations again, .which continues now intermittently,” referring to the October 2019 demonstrations The network indicated in its report that "the wave of demonstrations expected to erupt in the coming months as a result of the continuing crises of unemployment, the lack of services and the economic decline, according to its description, will lead to its exploitation by Al-Sadr to take a proactive step against the Sudanese, during which he can topple his government before the latter succeeds in arranging his papers." enough ".to oust the Sadrist link
Mot: ~~~ AGAIN!! --- siigghhhhhhhh
Mot: ~~~~ Take Note!! -- Before they Rebel!!! ~~~~~
"Coffee With MarkZ" Monday Morning Chat 11-7-2022
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning All!! Blessings this beautiful day!!
Member: Good Morning all, hope all had a great weekend. R we ready for this "eventful" week ahead? Bring it on!
Member: is this ever going to happen???
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Monday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning All!! Blessings this beautiful day!!
Member: Good Morning all, hope all had a great weekend. R we ready for this "eventful" week ahead? Bring it on!
Member: is this ever going to happen???
MZ: I think it will happen very soon after the election.
MZ: We are not really expecting real news and for the next 3 days I am expecting trickles.
MZ: Quiet on the RV and bond front. I did hear from a bond buyer who was taking in a new box of bonds which I did not think would be happening. This really surprised me …but there seems to be continued movement. A box is a thousand bonds. Very interesting.
Member: How are your Reno folks doing?
MZ: part of them are now gone….Part of them are still there for the bond side. They don’t stay like they used to. What they have done now is they have aggregated and put one person in charge with power of attorneys…..so one person stays for like a group of 6….that way not all 6 have to stay……along those lines. This makes more sense. There have been a lot of consolidation with the whales and their paymasters.
MZ: In an Article this weekend. “The new Iraqi government will seek legitimacy through populist policies” What is the most populist policy in iraq? The restoration of the dinar value. They want their value back. This is the number one populist push from the Iraqi people now. This is important and the banks can do it….they have been keeping the value cheap while the government and corrupt officials continue to make dollars .
Member: there is no point in the keep SAYING they want it as that does nothing! I can say I want to be a millionaire but it still doesn't happen just because I say it
Member: Iraq needs CBI to do it
Member Not sure why US elections matter…..the reset is a worldwide event.
Member: Simon Parkes warned that the US needs to hold on tight after the election - and don't lose hope or faith. Don't be afraid. Hmmm -- sounds ominous.
Member: Do you know how Shiela is? (CMKX and currency contact)
MZ: I do… …..She wants us to know that White Hat things are happening.
Member: Nick still says Zim will not exchange
MZ: I am going with my sources who say it will…its still there….still a part of it and it has not been removed….…..I always thought the zim was going to be a crazy bonus. …It seemed to good to be true…but I have friends that are very involved ….they told me I really wanted to have some…so I did. And all of my sources still tell me that zim is good. I have not heard of any currency being removed from the list.
Member: Reserve bank of Zimbabwe also known as RBZ Is completely digital and cross border connected
Mod: NADER FROM THE MID EAST = > Iqd sales down fore Two years https://www.youtube.com/watch?v=t5STT...
MZ: Go check Nader out….hit the thumbs up. He is talking about the reduction in the foreign currency reserves sales.
Member: Market Economy News _ Baghdad 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
Member: Mark! I hear some states have declared gold and silver as legal tender for their states.
Member: We need all the states to do this…..
Member: Good morning... Anyone see the article about the 10ft fencing around the Treasury department in DC? Nancy Drew said it’s for construction but this fence is different that the fence she is talk about!
MZ: I got a message from Dave Wu about this….he says he will swing by the Fed Reserve and take video of the wall around it….Last time he was there it looked empty but he doesn’t remember there being a wall…..what he is referring is Hal Turner did a piece along with several other youtubers that say in the wee hours between Saturday night and Sunday….a new 10 foot wall started going up…around the entire Federal Reserve building in DC.
MZ: is it just suspicious timing? Are they remodeling? What is going on that they suddenly need a wall around the entire Federal Reserve with no explanation?? I think this is more than a little interesting.
Member: Nancy Drew says it is construction and she will do a live update on it this morning.
Member: I live in vicinity of three military bases: NADEP, Cecil Field, and Camp Blanding. Movement has been INSANE over the last two weeks. FLights at all hours.
MZ: I am hearing this from all over…..from folks who live next to air force bases…..
Member: Anyone know what that email with the 800 number on it is going to look like will it be having other news on it or just the number?
Member: Noone knows until it happens…..imo…
Member: I thought we could get a 800# from here Mark
Member: Many places will be posting it….you will not miss it. Recaps…Chronicles, Bruce, Mark, TNT, …all over…
MZ: I am supposed to be able to release it….but I highly suggest you all sign up for Recaps and Chronicles for their regular updates. Just in case we get hit with NDA’s…..Its good to have a number of options for receiving that news.
Member: Any new rates?
MZ: No new rates to report…..everything seems to be pretty set….
Member: Prayers for our crippled country right now and all of those who are suffering because of it. Hopefully we are close to RV and those in need will be helped
Member: Our days of lack are coming to an end!! We get to help our broken world!!
Member: There is a blood moon on the 8th….the last full lunar eclipse until 2025.
Member: THANK YOU MARK,MODS AND EVERYONE
Member: Keeping Okie , Walkingstick and Frank in my prayers
Mod: Okie has made several voice messages since his treatment. Okie at this time reads your posts in his room. Leave him a prayer or message. Okie's Telegram Room: https://t.me/+TtKVJ1fhy7VEskjn
There is a special guest on Kangan Water at the end….Please listen to replay for this information.
“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
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.
News, Rumors and Opinions Monday Morning 111-7-2022
RV Excerpts and Rumors from the Restored Republic via a GCR as of Mon. 7 Nov. 2022
Compiled Mon. 7 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
On Thurs. 20 Oct. the Global Currency Reset took place (Allegedly) when currencies of Brazil, Russia, India, China, South Africa (BRICS), Argentina, Saudi Arabia and 18 other countries went gold/asset-backed. Dubai 1 funding was released. Historic, Golden Dragon, Yellow Dragon, German and Chinese Bonds started to be paid out (without liquidity) with a goal to finish by Thanksgiving Thurs. 24 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 specifically about timing. There are a lot of Bond folks who have yet to consummate their deals, but we have had confirmations that some bond deals have been completed. It appears they are rolling through the bonds at a reasonable, responsible rate.”
RV Excerpts and Rumors from the Restored Republic via a GCR as of Mon. 7 Nov. 2022
Compiled Mon. 7 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
On Thurs. 20 Oct. the Global Currency Reset took place (Allegedly) when currencies of Brazil, Russia, India, China, South Africa (BRICS), Argentina, Saudi Arabia and 18 other countries went gold/asset-backed. Dubai 1 funding was released. Historic, Golden Dragon, Yellow Dragon, German and Chinese Bonds started to be paid out (without liquidity) with a goal to finish by Thanksgiving Thurs. 24 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 specifically about timing. There are a lot of Bond folks who have yet to consummate their deals, but we have had confirmations that some bond deals have been completed. It appears they are rolling through the bonds at a reasonable, responsible rate.”
Possible Schedule:
Bruce: Sources say everything will be released anytime from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.
Tues. 8 Nov. “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.” …Denzel Washington.
Wed. Nov 9 – (9/11) 911 Freedom Day.
Global Economic Crisis:
Game Over: China/Russia BRICS Partnership Collapsing US Economy: https://dinarrecaps.com/our-blog/game-over-china-and-russia-brics-partnership-is-collapsing-the-us-economy-fall-of-petrodollar
Ten Foot Wall Erected Around Federal Reserve Bank in Washington DC: https://halturnerradioshow.com/index.php/en/news-page/news-nation/bulletin-10-tall-wall-put-around-federal-reserve-bank-in-washington-on-sunday
Read full post here: https://dinarchronicles.com/2022/11/07/restored-republic-via-a-gcr-update-as-of-november-7-2022/
************
Courtesy of Dinar Guru
Frank26 Article: "A sudden drop in the dollar exchange rate in Erbil" 2 WEEKS AGO THE DOLLAR EXCHANGE RATE DROPPED IN IRAQ THEN LAST WEEK WE HAVE ANOTHER ARTICLE WHERE IT DROPPED AGAIN AND NOW THIS WEEK WHERE ONCE AGAIN THE RATE HAS DROPPED...THIS IS CALLED A GRADUAL REDUCTION. TA DA"
Mnt Goat I am seeing a trend here is the recent many articles about this 2023 budget issue. They keep talking in the same articles about also the dinar and changing the exchange rate. Could this be they want to budget in the cost of doing the project to delete the zeros and then reinstate it? They will have to move with urgency to meet the January target for the best time to RV. By the way the December 2020 devaluation did not occur until January of 2021. They only approved the devaluation in December. So go figure. They took the best window of time to do it, as the CBI has said all along that January is the best time for accounting reasons.
************
Miracle Call with Scott Mowry:
We will have Sunday recorded calls until the big Event.
The phone number is the same each Sunday. 980 346 0068 767664# then# again.
If you have a problem with that them just do the Back up number 720 944 1207. Then 980 346 0068. Then 767664# then # again.
MARKETS A LOOK AHEAD: Critical Updates... What To Look For.
Greg Mannarino: 11-6-2022
China and Russia are destroying the dollar!
Deepin Moments: 11-7-2022
As the Federal Reserve raises interest rates frequently and aggressively, the U.S. dollar continues to strengthen, while many countries face a crisis of rising imported inflation and devaluation of their currencies.
The driving force behind this is the United States and its dollar hegemony. With the help of monetary policy and exchange rate tools, it relies on the dollar hegemony to push up global inflation and debt levels, squeeze the monetary policy space of other countries and keep harvesting the world's wealth.
In this situation, more and more countries are realizing that it is time to get rid of the dominant position of the dollar and promote the process of "de-dollarization".