A Wave of Junk Debt Could Force the Fed to Pivot

Danielle DiMartino Booth: A Wave of Junk Debt Could Force the Fed to Pivot

Palisades Gold Radio:  11-19-2022

Danielle discusses the amount of work that goes into every press release the Fed puts out. They have a hypersensitivity to how and what they place in these releases.

Powell has a largely thankless job, and the question is are they relying on lagging information. Danielle recently nicknamed Jerome Powell "make my day Jay" when he was told the markets were up during a press conference.

We're seeing larger moves in housing than was expected. Home prices are falling in half of the U.S. while some regions see prices still increasing as some people see it as an opportunity. Amazon needs to match consumer demand, and we see them laying off people as demand declines.

We're now seeing surplus inventory in the supply chains that no one is buying. Powell's pain point will come when something critical breaks in the credit markets. A yield curve inversion signalled that credit would be tightening.

 However, now the way to interpret it is in terms of banks extending credit. If banks can't see profit in lending, they won't lend, and then the economy will slow.

Lastly, Danielle discusses the recent FTX crypto exchange collapse and the concept of Central Bank Digital Currencies. Tom notes that the Ontario Teachers Pension had 90+ million invested in FTX. This is not the place you expect to find your pension plan investing diligently.

Time Stamp References:

 0:00 - Introduction

0:38 - Fed & Press Releases

 2:28 - Powell Nickname

5:13 - Carvana & Auto Sales

7:59 - Housing & CPI Metrics

13:22 - Wage Price Spiral

19:07 - CPI & PPI Numbers

23:05 - Fed Politics & Recessions

27:40 - Powell & Credit Markets

33:20 - Fed Data & Actions

35:33 - U.S. & U.K. Pension Systems

 38:12 - Crypto & Regulators

40:05 - CBDCs & Governments

44:55 - Wrap Up

Talking Points From This Episode - The Fed's micromanaging approach to press releases. - The Recent Fed press statement and Jerome's responding aggressively to being told markets we're up. - The housing markets and excess supply in goods that no one is buying. - The problems with pensions and the crypto markets.

https://www.youtube.com/watch?v=qXhaXm0o7gc&t=3s

Weekend Update With MarkZ 11-19-2022

Weekend Update with MarkZ 11/19/2022

Some highlights by PDK-Not verbatim

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

Member: Welcome to the weekend.

Member: This week is Thanksgiving . A good reason to start the RV.

Member: Are we being served an everything burger this weekend?

MZ: They expect the 2023 Iraqi budget by the end of this month or early in Dec. We were told by many sources in Iraq that they expect the new value of the dinar by the CBI before the new budget. This gives us a very short window.

MZ: I think it’s good news and gives us something to look for. In the last week they have told us that now it falls totally with the CBI. The government has told us they need the new rate for the new budget. I think we are looking at the magical confluence of events to see the value change of at least the Iraqi dinar if not the entire reset.

MZ: Redemption Center contacts are on call for the weekend and will spend a few hours at work Sunday afternoon . My contacts expect a very busy week beginning early in the week. I am hoping and praying this comes to fruition this time. They are looking for things to start very early this week.

MZ: this one shocked me to the core yesterday….coming from The Hill:  “Congress can Restore the integrity of the Dollar”  This is the MSM…..a very liberal publication….and they are openly talking about a “Gold Standard”  And how it would force our government to be responsible with money.

MZ:  https://thehill.com/opinion/finance/3741714-congress-can-restore-the-integrity-of-the-dollar/

MZ: I posted this one last night….here is is again if you missed it.. QFS: THE NEW FINANCIAL SYSTEM – Step Out of The Matrix and Into The Golden Age! https://amg-news.com/qfs-the-new-financial-system-step-out-of-the-matr​ix-and-into-the-golden-age/

Member: REally praying this is the weekend we have been waiting for

Member: so many positive people wanting to go forward and a kick the can steps in to set us a step back.. 2 steps forward one step back.. we are dancing.

Member: Stick your hands in the air as we continue on with our roller coaster ride. Weeeeeeee

Member: definitely the Wildest Ride I have ever been on

Member: I hear BANKS Flippin the switch Sunday night at midnight

Member: From your lips to God’s ears……

Member: I hear DS wants RV now that there FTX slush fund is gone

Member: Would be better to have the DS gone……

Member: I wonder how soon can we see those public perp walks??

Member: Should have already happened.

Member: Life will always be the hardest when you are crossing over to a new level. Don’t get discouraged!

Member: Remember we are lucky to be in this position "Only God knows the perfect timing" we just need to keep having faith that the RV will happen!!

Member: Word of Encouragement: Life is Too Short to Stress to Argue or Worry. STAY POSITIVE…Be Humble and Count Your Blessings! God is in Control!

Member: Mark, thanks as always for all you bring to this community.

Member: ​everyone have a blessed weekend. I pray its OUR weekend!!

“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

CBD Gurus join the stream at the end. Please listen to replay for all 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……..

https://www.youtube.com/watch?v=szNQJBWgX9w

News, Rumors and Opinions Saturday AM 11-19-2022

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 19 Nov. 2022

Compiled Sat. 19 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 18 Nov. MarkZ: “I have a contact at a Redemption Center who was planning on going in on Sun. 20 Nov. in preparation for Monday 21 Nov. There is a whole lot of chatter right now for Iraq and this weekend AND for Monday for us to start exchanges.”

Thurs. 17 Nov. Bruce: “We are hearing from two or three different sources that the weekend should be good for us – in terms of notifications on Saturday and Sunday, 19, 20 Nov, which makes Monday /Tuesday 21, 22 Nov. looking good for exchanges. Redemption Center Staff were on call as of Fri. noon and through the weekend to start appointments on Mon-Tues. 21, 22. Last Tues. 15 Nov. they began redemption of boxes of Zim Sheet Bonds in Zurich and Miami.”

A Private Banker said that his US Treasury Contact informed Bank of America that Gold and Gold-backed assets opening day was on Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines this last week.

US Consumers Are Doing Exactly What They Did Just Prior To The Crash Of 2008: https://www.zerohedge.com/personal-finance/us-consumers-are-doing-exactly-what-they-did-just-prior-crash-2008

Read full post here:  https://dinarchronicles.com/2022/11/19/restored-republic-via-a-gcr-update-as-of-november-19-2022/

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

TNT:

CandyKisses:  A "shocking step" .. Al-Sudani writes off 20 Iraqi embassies and cancels the privileges of the three presidencies

The Saudi newspaper "Al-Sharq Al-Awsat" reported, on Saturday, that the Iraqi Prime Minister, Muhammad Shia'a Al-Sudani, issued a number of orders, including the cancellation of his office allocations, and the withdrawal of presidential protection for former presidents (republic, ministers, and parliament), in a step that seemed shocking, especially for senior officials. Iraqi officials.

Yesterday, Friday, a military commander told Shafaq News Agency, "The force assigned to protect Mustafa Al-Kadhimi, the former prime minister, had received orders to withdraw and leave its position near the house he lives in in the Green Zone," adding that "the strength of the force is about one hundred members, most of whom have not yet implemented the sudden orders." By leaving Al-Kazemi’s house, which was issued on Thursday morning.”

In its issue issued today, Al-Sharq Al-Awsat newspaper quoted an official source as saying that all former presidents and ministers after 2003 were included in the decision, from Iyad Allawi, the first prime minister after 2003, to Mustafa Al-Kazemi, the last prime minister.

The newspaper says, quoting political observers, that it is the first decision that may have negative repercussions on the pattern of the Sudanese relationship with senior Iraqi leaders and leaders.

Among those covered by the decisions to withdraw protections, according to the newspaper, are the former presidents of the republic, Fuad Masum and Barham Salih, and also include the protections of former prime ministers Ibrahim al-Jaafari, Nuri al-Maliki, Haider al-Abadi and Adel Abdul-Mahdi, as well as al-Kazemi.

Al-Sudani's decisions also include, according to the newspaper, the cancellation of the allocations for the three presidencies, both for President Abdel Latif Rashid and Parliament Speaker Muhammad al-Halbousi, in addition to his office. 

Among the decisions taken by Al-Sudani, according to the source, was cutting two and a half million dinars from the salaries of members of his government. The decisions also included canceling allocations for hospitality, treatment, and renting private planes for the three presidencies, including his office.

The newspaper believes, according to its source, that Al-Sudani aims, through these decisions, to reduce exaggerated government spending. As it is forbidden to grant members of parliament new cars, and this applies to those with special ranks, including heads of agencies, undersecretaries of ministries, and ambassadors.

As is the norm in post-2003 Iraq, former senior officials usually maintain several government protection regiments, even years after leaving office.

In a context related to the restructuring of state institutions and pressure on government spending, Al-Sudani decided to cancel 20 Iraqi embassies abroad due to the lack of Iraqi expatriates in those countries, according to the political source, in addition to the huge funds allocated from the annual budget of those embassies and their diplomatic staff.

The move comes days after the Iraqi prime minister's decision to withdraw the list of ambassadors prepared for a vote in Parliament.

The phenomenon of increasing diplomatic representation and opening embassies abroad is considered one of the aspects of financial and administrative corruption, since the vast majority of ambassadors and those who come after them of special degrees in Iraqi embassies abroad are often sons, brothers, or in-laws of senior officials in the state.

The decisions repeat what was previously taken by former Prime Minister Haider al-Abadi, which provoked senior officials at the time.

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

Courtesy of Dinar Guru

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  There's been less and less from the Framework.  We really don't see the negativity like we used to before.  FRANK:  That alone is encouraging ...the pendulum is swinging...the Iraqi citizens and the whole world are realizing what Sudani the new Prime Minister and Mustafa Ghaleb the CBI governor are doing and saying.   Oh, dear me it's impressive.

Bruce  [via WiserNow]   ...Iraq, is looking to bring out their new in country...dinar rate - meaning in...Iraq...it is way higher than it is. We would be thrilled to get this rate here in the US at our redemption centers, but the rate that we're gonna get is higher yet than what we're talking about for Iraq. They're supposed to bring their new rate out either Saturday or Sunday... I'm not at liberty to tell you what it will be - but it will be very strong, especially for an in  country rate for Iraq.

Michael Burry Is Now Predicting Another Huge Crash!! (Here’s Why)

George Garman: The Rebal Capatalist:  11-19-2022

https://www.youtube.com/watch?v=5cqc5dQaiGg

CRUSHING THE US! Japan's Saudi Arabia leads global dump of 213 billion U.S. bonds!

Deepin Moments:  11-19-2022

On November 17, the US. Treasury Department released its September 2022 International Capital Flows (TIC) report. The report shows that the total size of global investors holding US.

Treasury bonds fell from $ 7.509 trillion in August to $ 7.296 trillion in September, the lowest level since May 2021, a single-month sell-off of $ 213 billion, this data is undoubtedly a shock to the world!

Currently, the situation in Europe is not optimistic. First of all, inflation "fever", November 17, Eurostat released data showing that the final value of CPI in the eurozone in October year-on-year was 10.6%, a new record high;

Secondly, the risk of recession climbed sharply, the European Central Bank warned in its latest report, in the energy crisis, inflation "The European Central Bank warned in its latest report that, under the "triple whammy" of the energy crisis, inflation and monetary tightening, the future of the European economy is worse than expected.

https://www.youtube.com/watch?v=l6s50f4OHLY

"Tidbits From TNT" Saturday Morning 11-19-2022

TNT:

Tishwash:  Iraq: We are determined to develop the oil sector and implement projects to meet the needs of citizens

Today, Saturday, the Iraqi Prime Minister, Muhammad Shia Al-Sudani, affirmed the government's determination to develop the oil sector and to complete projects that meet the citizens' need for fuel .

 A statement issued by the Prime Ministry - reported by the Iraqi "Al-Ikhbariya" channel - stated that "Al-Sudani announced the start of work on the expansion project (Al-Shinafiyah Refinery) in Al-Diwaniyah Governorate, and this project will increase the production capacity of the refinery from 20,000 barrels per day to 90,000 barrels per day." By adding a refining unit with a capacity of 70,000 barrels per day .

Al-Sudani explained that "this increase will contribute to reducing the import of gasoline and gas oil, and providing surplus quantities of liquid gas and fuel oil production, which have a great economic return. The project will also provide about three thousand job opportunities ."

He added, "The cost of this project amounted to 125 million dollars, and it is expected to add hydrogenation and refining units and complementary units to improve the specifications of gasoline, which units will need another allocation of about 675 million dollars   link

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

Tishwash:  Our national economy, our banks, and reputational risk

At a time when the Central Bank and the Iraqi banking sector celebrate the 75th anniversary of the founding of the Central Bank of Iraq. This anniversary culminated this year with great achievements at the level of supporting and stimulating the national economy.

And revitalizing the economic cycle and securing allocations that exceeded 18 trillion dinars to finance small, medium, housing, investment and renewable energy projects. The World Bank, the International Monetary Fund and international organizations commended the developments in

In the Iraqi economy and expectations of an increase in the growth rate in the gross domestic product this year to 9.3% and the arrival of foreign cash reserves to the limits of 90 billion dollars and 130 tons of gold due to the rational procedures in the applications of monetary policy and safe investments, which had a major role in achieving the above achievements. Unfortunately we noticed

Some yellow and non-competent means of communication and media, and personalities with special interests these days, are spreading rumors and fabricated news that are not based on reliable and official sources that harm our banks. And the official body that must be approved is the Central Bank of Iraq exclusively. to the applicable law. And he is concerned with the implementation of international sanctions imposed on some banks that violate internationally approved standards, as happened a few days ago by stopping the dealings of only four banks in foreign currencies with circulars issued by the Central Bank.

We must not forget that our country is now going through complex crises and great challenges facing the new government, which requires everyone to cooperate with it in order to achieve its governmental approach to achieving economic reform.

 And the effects of the global economic and financial crisis and its negative repercussions on our economy in the coming months, as expected.

 The rumors and fabricated news currently circulating from some social networks and some satellite channels whose orientations are well known and intended to deliberately offend the national economy and national economic institutions that have clear success experiences and work with national Iraqi cadres, and that these parties are driven by special interests and projections. They target our national economy and its institutions that have achieved clear achievements. During the economic and security shocks that Iraq went through after mid-2014 until the present time, it contributed to achieving economic resilience and supported our national economy. Their posts and press and media reports have preoccupied us these days by targeting our banks

And involving it in organizational, administrative and technical problems and exploiting leaks to amplify fabricated information that has not been audited and verified. Its aim is to blackmail and cover up the achievements made during the years of crisis. So why target? The reason, as I see it, is that the Central Bank insists that all banks for which it is responsible for supervision and control and related financial institutions do their daily work, internally and externally, to adhere to the instructions, controls and regulations in accordance with its objectives contained in its law, which maintain economic stability in the country.

Although I respect the other opinion issued by non-specialists or those who specialize in the economy and monetary policy in particular, but I may disagree with the opinion that tries to harm the reputation of the Iraqi banking sector

 And the reflection of reputational risks on our international banking dealings. Therefore, I call on the media to look, even for once, at preserving the reputation of the Iraqi economy internally and externally, because it is illogical for us to allow the targeting of our economic institutions that are directly responsible for achieving steadfastness and economic stability. Because directing accusations against our banking sector is an insult to Iraq's economic reputation internationally without scrutiny and investigation of the leaked information.

These authorities know before others, through evidence, facts, and business results, that banks are the first basic link in the economy, and without a sound banking sector, it is not possible to build a sound economic sector. To implement the controls and instructions issued by the Central Bank, to give due diligence to all internal and external banking operations, and to operate openly under the spotlight of the internal and external supervisory authorities, in order to preserve the reputation of our national economy and the achievements of the Central Bank during the past twenty years  link

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Tishwash:  The cost of Iraq’s empty promises

Sudani’s tenure has not even reached the 30-day mark, but judging by his performance so far, there is little that can be described as success (or even the hint of it). Unless something changes, Iraqis are facing three more years of empty words and politics as usual.

Less than a month after being inaugurated as Iraq’s prime minister, Mohammed Shiaa Al Sudani is already reneging on promises he made to secure his governing coalition. The longer these pledges go unmet, the longer Iraq’s destabilising political polarisation will persist.

To elect a president and form a cabinet, Sudani’s pro-Iran Shia political bloc, the Coordination Framework, needed support from the country’s Sunnis.

Sunnis traded their support for a promise that, once in power, the new prime minister would withdraw pro-Iran Shia militias, known as Popular Mobilisation Units (PMU), from Sunni-dominated provinces in the northwest. Al Sudani agreed and also vowed to issue a general pardon that would open the door for the rehabilitation of the mostly-Sunni ISIS fighters.

Neither of these promises has been kept. Pro-Iran Shia lawmakers have obstructed measures that would undermine the PMUs without disbanding them. Meanwhile, proposed legislation to reinstate a compulsory military draft, introduced as a way to deplete the pool of unemployed young men for pro-Iran militias to recruit from, has been blocked by pro-Iran Shia politicians.

Along similar lines, Interior Minister Abdul Amir Al Shammari, a Shia who ascended the military ranks (and who once ordered government forces to storm the headquarters of the biggest pro-Iran Shia militia, Kataeb Hezbollah) proposed the demilitarisation of the country’s biggest cities and recommended that security be handed over to local and federal police.

Ejecting militias from cities would force them to shut down their offices, which are used to dispense favours to the local population, recruit fighters, and disseminate pro-Iran regime propaganda. Again, while Al Sudani feigned support for such a plan before his appointment, execution has fizzled since.

While Sudani has given the impression that he plans to empower the Iraqi state, his actions have so far avoided antagonising pro-Iran Shia militias, whose very existence undermine the state itself.

As in Lebanon, Iraq’s pro-Iran militias are skilled political manipulators and use politics to secure their fate. These militias manoeuvre to force the election of an executive branch that bestows legitimacy on their existence, without ever questioning their armament or corruption.

Sudani has depicted himself as a prime minister busy combatting corruption and building an economy that works for all Iraqis. But the governing model he has employed is doing just the opposite. Akin to the Iranian regime’s approach, Iraq’s government is concerned only with the economy and has ceded nearly everything else, especially security, to pro-Iran militias.

After the assassination of Lebanese Prime Minister Rafik Hariri in 2005, pro-Iran Hezbollah chief Hassan Nasrallah called for partnership with the opposition bloc, with caveats. “You handle reconstruction and we handle resistance,” he said, explaining how Hezbollah would dictate Lebanon’s security and foreign policies. It is a similar calculus in Iraq today.

Al Sudani’s effort to combat corruption has so far looked half-hearted and vengeful. The new cabinet did slaughter some sacred cows and arrested senior officers accused of running the “largest oil smuggling network” in the country. But it has yet to go after the political titans known for embezzling public funds and extending protection to corrupt civil servants and military personnel.

No one knows what Al Sudani is waiting for, if he is waiting for anything at all. The man got his call only because Iraq’s pro-Iran bloc, whose lawmakers lost the election, replaced the Sadrist bloc after its 73 MPs committed the blunder of resigning.

Sudani has tried to depict himself as an independent non-partisan who stands at equal distance from everyone. So far, however, he has not looked as impartial as claimed. On the contrary, he has proven to be extremely biased toward the policies of the Iran regime in Iraq.

Sudani has yet to show willingness to defend Iraq’s basic interests. For example, Iraq has been raking in $10 billion a month since the beginning of this year, yet the Iraqi dinar has been losing value. The culprit is Iran, which uses small Iraqi banks and exchange shops to syphon foreign currency into the Iranian treasury.

Sudani’s tenure has not even reached the 30-day mark, but judging by his performance so far, there is little that can be described as success (or even the hint of it). Unless something changes, Iraqis are facing three more years of empty words and politics as usual.   link

Mot:  and Yet summore insight into the Diffence between Girls and Guys! ~~

Mot:  . Moments Raising the ""Wee Folks"" that make Ya go – Hmmmmm 

"Kicks and Grins" Posted by Mot at TNT

TNT:

Mot:  "Watch this, a Scotsman is always cleverer than an Englishman."

An Englishman, and a Scotsman go to a pastry shop.

The Englishman whisks three cookies into his pocket with lightning speed. The baker doesn't notice.

The Englishman says to the Scotsman, "You see how clever I am? I snitched 3 cookies and put them in my pocket and the baker didn't even notice." You'll never beat that!"

The Scotsman says to the Englishman, "Watch this, a Scotsman is always cleverer than an Englishman."

He says to the baker, "Give me a cookie, I can show you a magic trick!" The baker gives him the cookie which the Scotsman promptly eats.

Then he says to the baker: "Give me another cookie for my magic trick." The baker is getting suspicious but he gives the cookie to him. The Scotsman eats that one too. Then he says again: "Give me one more cookie."

The baker is getting angry now but gives him another cookie anyway. The Scotsman eats this one too.

Now the baker is really mad, and he yells: "And where is your famous magic trick?"

The Scotsman says, "Look in the Englishman's pocket"

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

Mot: Nobody dared to move, suddenly a man jumped into the………

When a group of tourists visited a crocodile farm, the owner of the place launched a daring proposal;

-Whoever dares to jump, swim to shore and survive, I will give 1 million dollars.

Nobody dared to move, suddenly a man jumped into the water and desperately swam towards the shore while he was chased by all the crocodiles.

With great luck he arrived, taking the admiration of everyone in the place, then the owner announced;

-We have a brave winner.

After collecting their reward, the couple returned to the hotel, upon arrival, the manager told him; he was very brave to jump, then the man said;

-I didn't jump, someone pushed me!

His wife smiled ...

Moral: "Behind every successful man, there is a woman who pushes him."

Mot: Uh oh………

Mot:  I’LL LIVE WITH MY KIDS

When I'm an old man, I'll live with each kid,

And bring so much happiness just as they did.

I want to pay back all the joy they've provided.

Returning each deed! Oh, they'll be so excited!

When I'm an old man and live with my kids.

 **

I'll write on the walls with reds, whites and blues,

And I'll bounce on the furniture wearing my shoes.

I'll drink from the carton and then leave it out.

I'll stuff all the toilets and oh, how they'll shout!

When I'm an old man and live with my kids.

 **

When they cook dinner and call me to eat,

I'll not eat my green beans or salad or meat,

I'll gag on my okra, spill milk on the table,

And when they get angry I'll run if I'm able!

When I'm an old man and live with my kids.

 **

I'll sit close to the TV, through channels I'll click,

I'll cross both eyes just to see if they stick.

I'll take off my socks and throw one away,

And play in the mud 'til the end of the day!

When I'm an old man and live with my kids.

**

And later in bed, I'll lay back and sigh,

I'll thank God in prayer and then close my eyes.

My kids will look down with a smile slowly creeping,

And say with a groan, "He’s so sweet when he's sleeping!"

***********

Mot:  ... Yet Even More Hints on that Diet Thingy! ~~

Friday Evening News with MarkZ 11-18-2022

Friday Evening News with MarkZ 11/18/2022

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: A Wonderfully Great Golden Evening MarkZ, Mods And Everyone In The Room

Member: Good evening as we ROLL into the weekend!

Member: Hi, Mark. .Got a call today. from NASA. They asked me to tone down my Christmas decorations. It was blinding the astronauts in the Space Station

MZ: Send pictures…lol

Member: Come on Iraq at least do a NEER

MZ: There is a chance that Iraq could go solo before the rest of them are ready……I am prepared even though the majority of my sources still feel it will all go at once. I trust my sources. .

Member: I hope your sources are right in that they are expecting to reinstate their value this weekend.

Member:  Somebody in chat just said Dinar Chronicles posted RV appts..start tomorrow..

Member: Hope they are right.

MZ: “Parliamentary Finance expects the date of the 2023 budget to arrive in Parliament and confirms: the 2022 budget is a creature that was not born”  meaning at this point they are not going t waste time putting together an interim short budget . Similar to how the US hasn’t had a budget since 2007…now Iraq is blowing off 2022 …but they do give us a good idea on the budget for 2023 ….they want it presented this month or very early next month.

MZ: We are being told that before that budget we should see our new rate. Since the CBI is in charge of the rate …the GOI is in charge of the budget and they will need that new rate.

MZ: Redemption Center folks….i have one contact who is planning on going in on Sunday in preparation for Monday.

MZ: There is a whole lot of chatter right now for Iraq and this weekend…..AND for Monday for us to start exchanging. We will have to see how this pans out. I can’t imagine they would tell us this clear on timing unless it was a pump fake…..but then again…..they have pump faked us so many times…they probably assume we won’t take it seriously if they give us a date…….

Member: Just like the boy who cried wolf……no one believe him after awhile either…..

Member: My enthusiasm for the RV has kind of simmered down these days...was just too draining to stay hyped up.

Member: Mark you sound excited about the next couple of days!

MZ: There has been so much chatter about the target over Iraq this weekend...and  for Monday to start our exchange…..I am very hesitant to get excited…..yet. But, the chatter is really, really good.

MZ: one of you sent me this…I have not had a chance to go through it yet…” QFS-The new financial system. Step out of the matrix and into the Golden Age!” They released this yesterday and it is a deep dive on it ….Somebody put in a tremendous amount of work  https://amg-news.com/qfs-the-new-financial-system-step-out-of-the-matrix-and-into-the-golden-age/

MZ: “Crypto Firm MultiCoin expects contagion from FTX to wipe out many trading firms in coming weeks”  I believe this may be our trigger event….

Member: Klaus Schwab threw in the towel He agrees with BRICS. He said he gives up! Wolverine said this yesterday

Member: Praying it's our weekend and the arrests start happening in the public!

Member: Mark a huge thanks as always for all you bring to this community.

Mod:  Thank you all for joining today and have a Blessed evening.

“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

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

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

https://www.youtube.com/watch?v=nRjKt2wG_3o

More News, Rumors and Opinions Friday Afternoon 11-18-2022

TNT:

Tishwash:  The United States advises its citizens not to travel to Iraq and Syria

The US State Department advised its citizens not to travel to northern Syria and Iraq due to a possible military action by Turkey in these areas, which may take place in the coming days.

The ministry said in a statement that the US Consulate General in Erbil is monitoring reliable and open-source reports on possible Turkish military action in northern Syria and northern Iraq in the coming days.

It reported that the US government continues to advise its citizens to avoid these areas  link

KTFA:

Clare:  Parliamentary Finance expects the date of the 2023 budget to arrive in Parliament and confirms: the 2022 budget is a creature that was not born

11/18/2022

 The Parliamentary Finance Committee expected the date of the 2023 budget to reach Parliament, while noting that the 2022 budget is "a creature that was not born."

Committee member Jamal Cougar told {Euphrates News} agency: "We expect that the general budget law for the year 2023 will reach the House of Representatives either at the end of this month or early next month."

He added, "There is no budget for the year 2022, and talking about it is like talking about a creature that was not born," pointing out that "the implementation of the Financial Management Law 1/12 does not represent the budget law, and that any talk about a budget means its approval, and the year 2022 did not witness the approval of a budget."  LINK

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Samson:  Ali Ghulam was arrested at Baghdad International Airport

18th November, 2022

Today, Friday, a security source said, the businessman accused of "corruption," Ali Ghulam, was arrested at Baghdad International Airport.

A security source told Alsumaria News, "The Baghdad International Airport police managed today to arrest the businessman accused of corruption, Ali Ghulam."

And the Central Bank of Iraq had decided, on November 7, to stop dealing in the US dollar currency with 4 banks affiliated with "Ali Ghulam."

It is noteworthy that Ali Ghulam is the owner of the "Ishtar Gate" company, which was known as a "major scandal" with the Rafidain Bank, regarding the issue of electronic payment.  LINK

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Samson:  The Ministry of Interior: The director of the Middle East Bank {Ali Ghulam} was arrested while he was coming to Baghdad airport

11/18/2022 16:55:51

 The Ministry of Interior announced that the passport department at Baghdad International Airport arrested the wanted {Ali Muhammad Ghulam} today, Friday.

A statement of the Ministry of Interior, which {Al Furat News} received a copy of, stated that "the passport department detachments at Baghdad International Airport arrested the accused director of the Middle East Bank [Ali Muhammad Ghulam] while he was coming to Baghdad airport, who is wanted according to the provisions of Article 456 of the Iraqi Penal Code." He added, "The necessary legal measures have been taken against the accused."

It is noteworthy that Article 456 of the Iraqi Penal Code stipulates: “Anyone who succeeds in receiving or transferring possession of movable property owned by others to himself or to another person shall be punished by imprisonment.”   LINK

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Courtesy of Dinar Guru

Mnt Goat   Article:  "THE HOUSE OF REPRESENTATIVES REVEALS URGENT MEASURES TO REDUCE THE EXCHANGE RATE OF THE DOLLAR"   Quote:  "...new measures will be taken soon to reduce the exchange rate of the dollar."  I have to tell you the pressure to “reinstate” the dinar to FOREX is building...

Frank26   [Iraq boots-on-the-ground report] FIREFLY: Bank friend said if the budget gets to parliament by the 9th that by the end of December it will be voted on and passed to the president to sign.  This appears to put us in January, anywhere from the 1st on through the 1st quarter.  FRANK:  If they can get to parliament by the 9th and if they can review it up until the 30th of December then we've got a good chance for the 1st.

EXPECT THE GLOBAL MONEY SUPPLY TO DOUBLE! AND THE WORLD ECONOMY TO COLLAPSE FASTER.

Greg Mannarino :  11-18-2022

https://www.youtube.com/watch?v=L09OvCiq_qY

Rafi Farber: SBF Was Only the Tip of the Dollar Pyramid

Arcadia Economics:  11-18-2022

The tide is going out and the the first skinny dippers are being revealed. Not only is Sam Bankman-Fried a guy with a hyphenated name, but his name is actually BANKman.

As egregious as he was, all BANKS operate in the same way, so expect what happened to SBF to happen to the dollar itself and all its derivatives.

When that day comes, and may it come speedily, the only thing left standing will be money itself. And that, of course, is silver. And gold.

Meanwhile, Europe is tightening its embargo on Russian energy specifically during the coldest month of the year, February. That should work out just swell. And cold.

https://www.youtube.com/watch?v=1KnBk59ai3g

How Saudi Arabia, EU and China BRICS Plan to Crush the US Economy

How Saudi Arabia EU & China BRICS Plan To Crush The US Economy? | No Petrodollar? De-dollarization!

Investing Futures:  11-17-2022

Since Russia invaded Ukraine, Saudi Arabia has made clear that it is not going to change its oil policy. The Saudi leadership has repeatedly rebuffed requests from President Biden and leaders of oil-importing countries to accelerate production increases—a key factor behind the release of strategic oil stockpiles by the US and its allies in the IEA.

Recent monthly meetings of the OPEC+ group have taken less than 15 minutes to agree on a continuation of the plan put in place last year. A large diversion of Russian oil to India—and a corresponding reduction in Indian purchases of Saudi oil—hasn’t elicited a public comment from Saudi oil officials even though Aramco tends to guard jealously its market share among large Asian growth markets.

Saudi relations with the US are at a low point, and the OPEC+ partnership with Russia has paid big dividends for the Kingdom.

With higher oil prices, Saudi GDP grew by an annualized rate of 9.6% in the first quarter—the fastest pace in over a decade. The Kingdom and its regional allies have abstained—or voted against—US and European initiatives at the UN aimed at isolating Russia.

So, oil consumers under duress need to look elsewhere for relief. 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: EU Opposes US Dollar. French officials have for a long time advocated for strategic independence, the idea that the EU needs to be more independent from the US, for instance, by supporting its own industry.

Last month, French President Emmanuel Macron suggested that the EU should also look at a “Buy European Act” to protect European carmakers. “We need a Buy European Act like the Americans, we need to reserve [our subsidies] for our European manufacturers,” Macron said in an interview with broadcaster France 2.

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. 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=ETfI6zsLfEs

MarkZ and Michael Cottrell Friday Morning Chat 11-18-2022

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  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! Are we there yet??

Member: Happy FRI-YAY to all in our RV family. PRAYING for some great news.

Member: Have we not been patient enough with this Dinar drama???....Lets do this already!!!

MZ: In Iraq we see more stories about cleaning up corruption or inept ministries. Cleaning up the government to get things honest and above board. News is about more progress with that.

MZ: We do have a lot of chatter coming out of Iraq about this weekend. About a hoped for change in rate this weekend. I think we are close….we will see over the weekend .  So the biggest news is the chatter out of iraq that this is the weekend for a rate change…..at least in Iraq.

Member: if Iraq goes…..I believe the rest will be close behind…..

MZ: Redemption Centers are on call this weekend.

Member: IF IRAQ[ GOES …WILL THE RV GOES OR DO WE HAVE TO WAIT? 

Member: if Iraq goes……I will be all in exchanging……eat my dust…lol

Member: Iraq can trigger RV…..hoping the rate is close to what Kuwaits is as they share joint oil fields.

Member: I pray Dinar & Dong going together??!!!

Member: Kuwait Dinar, From 16 June 2007, the Kuwaiti dinar was re-pegged to a basket of currencies, and was worth about $3.28 as of December 2016. It is the world's highest-valued currency unit.

Member: Can you explain why Iraq is buying up US Treasury bonds?

MZ: Leverage. Instead of the US having leverage against Iraq….Iraq now has leverage against the US.

Member: ​the USA will return billions of dinars to Iraq for those bonds...think about it

Member: MarkZ so the whales and their sit ins are still in Reno ?

Member: If anyone knows what is going on they CANNOT tell us. NDA!! imo

Member: JUST IN - Securities Commission of the Bahamas assumes control of all #FTX Assets.

Member: DOW and NASDAQ all over the place

Member: FTX is the lead in for disclosure so much of it in the news and who it is tied to…..I think it is the beginning of the end of fiat……

MZ: “ XRP Standard to be used by major commonwealth bank” Article is making the case to use it because it is already ISO20022 approved already. A lot of countries have started using it for cross-border payments. Australia is considering it as well.

Member: Bruce’s big call said redemption centers on call. MAY get 800 numbers this weekend. Iraq rates great and large Zim bonds being redeemed.

Member: Someone told Bruce that Monday and Tuesday would be magical days for us. ????

Member: Mark any idea how we can begin to feel more comfortable about these redemption centers I'm fine with going to the bank and part of me's fine with doing the redemption centers.

Member: I would be very comfortable going to an exchange center…..but better if the centers were on military bases for added security.

Member: If blockchain technology is so full proof what is the real delay?

Member: My guess is we need gold backed currency first.

Member: Fiat currency will be worthless when the world adopts asset-backed monies. So would anyone want to buy bitcoin in such a scenario and why would it not be abolished to prevent money-laundering?

Member: Could the Scare Event we are expecting be Banks closing worldwide??

Member: ​Mark, did you hear about the National Guard surrounding the Capitol building in Georgia??

Member: I heard that Military is around the Atlanta Capitol too!! Very interesting

Member: capital building has razor wire around it in Atlanta

Member: I hope enough people are now awake that the white hats decide to move foreward…so many are suffering worldwide

Member: I say let the sleepers sleep...we matter more… why should we suffer for them idiots?

Member: Many will refuse to wake up…..the matrix is more comfortable.

Member: There is a perfectly tasteless little film called "Idiocracy", which looks like a documentary with the foolishness going on right now.

Member:  On julianne calendar today is 5th of Nov

Member: Don't give up folks!! We WILL be okay & prosperity is ours! Have FAITH!! God is working to free us. I am excited the Golden Age is merely weeks away!

Member: Thought of the day. If we have the patience to hunt/fish/raise kids, then we have the patience to wait for the RV. All require God to bless the recipients.

Member:  God, thank you for allowing the immediate release of our notifications, quick and easy exchanges and redemption, and for letting everyone get the best rates for the highest good of all. thank you, God

Member: See everyone tonight…..have a great day.

Mr. Cottrell joins the stream about minute 15:00. Please listen to the replay for his opinions.

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.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=qxvkHch-K-g

News, Rumors and Opinions Friday AM 11-18-2022

RV Excerpts from the RV Restored Republic via a GCR: Update as of Fri. 18 Nov. 2022

Compiled Fri. 18 Nov. 2022 12:01 am EST by Judy Byington

Judy Note: “Some encouragement for those out there who are frustrated (aren’t we all). It has been decades in the making – The Plan to Save Mankind.”

Global Currency Reset:

Bruce: Last Tues. 15 Nov. they began redemption of boxes of Zim Sheet Bonds in Zurich and Miami. Tier 4B (us, the Internet Group) appointment setting was changed to Sat.-Sun. 19, 20 Nov. Redemption Center Staff were on call as of Fri. noon and through the weekend to start appointments on Mon-Tues. 21,22. Last Tues. 15 Nov. they began redemption of boxes of Zim Sheet Bonds in Zurich and Miami.

A Private Banker said his US Treasury Contact informed Bank of America that Gold and Gold-backed assets opening day was on Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines this week.

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Thurs. 17 Nov. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#

Redemption Center Staff were on call as of Fri. noon and through the weekend to start appointments on Mon-Tues. 21, 22 Nov.

Iraq to bring out their in-country Dinar Rate either Sat. or Sun. 19, 20 Nov.

Last Tues. 15 Nov. they began redemption of boxes of Zim Sheet Bonds in Zurich and Miami.

This weekend Tier 4B (us, the Internet Group) should receive notification to set appointments.

Read full post here: https://dinarchronicles.com/2022/11/18/restored-republic-via-a-gcr-update-as-of-november-18-2022/

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Courtesy of Dinar Guru

Frank26   Question:   "Iraq goes along with other countries for reinstatement?"  This is reinstatement of their own [currency].  I know there are other monetary reforms occurring right now with other countries but no where at the pace at the level the CBI is at right now.  If I knew of such a thing I would have invested in their currency too.  

Pimpy This government is just now getting formed.  It's now starting to rock-and-roll.  We're going to see the budget here shortly.  We're going to find out what the truth is as far as the exchange rate is concerned....we will find out soon.

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NO DOUBT ABOUT IT! MASSIVE INSIDER TRADING GOING ON AT THE FED. Very Important Updates.

Greg:  Mannarino: 11-17-2022

https://www.youtube.com/watch?v=HqTyHdAw73I

Global Treasury Dump Is Getting Worse - China’s Selling Big!

Sean Foo:  11-18-2022

The US treasury dump is accelerating as countries are furiously exiting US bonds during this currency crisis. Not only is China selling off their bonds, but US allies including Japan are also exiting the treasury market as rate hikes continue to get worse.

 And there's a good chance the money is moving in other assets like gold. If this bond crisis gets worse, it could guarantee a recession and even trigger a potential bond market collapse. Here's what you must know!

https://www.youtube.com/watch?v=6MNB6mnsWgE

Egon Von Greyerz: Dark Times Ahead As Dow Plunges To 3,500 - Gold Explodes $35,000

As Good as Gold Australia:  11-18-2022

n this latest interview, Darryl and Brian Panes from As Good As Gold Australia, interview the legendary Egon von Greyerz, Founder and Managing Director of Matterhorn Asset Management and Gold Switzerland.

The world is in the midst of a massive economic disaster with all markets in disarray, but what has led us to this. Governments will blame pandemics and wars as they always have instead of acknowledging that the real cause is and always has been their absolute mismanagement of the economy and their constant overprinting and devaluation of fiat currency.

Egon is the master of this subject and explains in finite detail the process that will lead to an absolute collapse of the Dow, down 90% from its current position, and Gold escalating to set new highs at $35,000 USD or more.

Egon confirms that wars historically have been blamed and used as an excuse for major economic downturns, taking the emphasis off the underlying poorly executed monetary decisions that led to the financial crisis in the first place.

As debt implodes, so will all the assets that the debt supports. Debt has pushed property and stock prices to major highs, and digital currencies can't hide the existing debt - it won't go away and it will implode, as will the accompanying assets.

We then start all over again. Now more than ever before, one needs to own gold (real money) to protect and retain their wealth. How much do you need? Egon's response - whatever you can't afford to lose!

https://www.youtube.com/watch?v=84toOT7boEI

"Tidbits From TNT" Friday Morning 11-18-2022

TNT:

CandyKisses:  The rise in oil prices with the decline of the dollar

Oil prices rose today, Friday, with the decline of the dollar, but it was heading for huge weekly losses, amid expectations that there will be no slowdown in sharp increases in US interest rates and the possibility of weak demand from China, the largest oil importer, amid rising cases of COVID-19.

Brent crude futures were back 67 cents, up 0.8%, at $90.45 a barrel, but not far from a four-week low of $89.53 in the previous session.

US West Texas Intermediate crude futures rose 70 cents, or 0.9%, to $82.34 a barrel, but settled near a six-week low.

A slight decline in the dollar helped oil prices on Friday, as the weaker dollar made oil cheaper for buyers holding other currencies. 

However, WTI is down more than 7% so far this week, while Brent is down about 6%.

Tishwash:  :  Iranian Minister of Economy: We are the world leader in oil and gas reserves

The Iranian Minister of Economy and Finance, Ehsan Khandozi, announced that Iran occupies the forefront in terms of hydrocarbon reserves.

Khandozi pointed out during the meeting of Iranian and Hungarian businessmen and economic activists, which was held in Budapest, that "large Hungarian industrial companies can benefit from the law of attracting foreign investments in Iran and increase the volume of trade exchange in light of the two countries' support for trade relations."

He described "Iran's large market of 80 million people" as "the largest market in the Middle East," pointing to "Iran's progress in various economic fields, especially technology   link

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CandyKisses:  Anticipation for the issuance of hundreds of arrest warrants against corrupt suspects in Al-Kazemi's government

The leader of the Wisdom Movement, Fahd al-Jubouri, confirmed Prime Minister Muhammad Shia' al-Sudani's intention to open all corruption files of Mustafa al-Kadhimi's government, indicating that arrest warrants will be issued against senior ministers and former officials in the coming days.

Al-Jubouri said, in an interview followed by Al-Maalouma, that "accusing the government of Muhammad Shia'a Al-Sudani of lurking in the Al-Kazemi government is baseless and has no connection with any party." He added, "The previous government and most of its ministers were involved in major corruption deals, and they must receive their fair reward in order to recover all the money looted outside the country."
 
Al-Jubouri indicated that "the coming period will witness the disclosure of names involved in corruption and the issuance of hundreds of arrest warrants, including ministers and senior leaders of the country." 

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CandyKisses:  A source : summoning officials of the Rafidain Bank to investigate the "theft of the century"

An informed source said that the Integrity Commission and the judicial authorities summoned officials and employees of the Rafidain Bank for investigation against the background of the issue of the tax accounts secretariats in the bank.

The source told {Euphrates News} that: "The officials who were investigated are the former general manager of the Rafidain Bank, the former one, the assistant general manager and other employees of the bank, in order to investigate the theft of tax secretariat amounts in Mesopotamia."

The previous government headed by Mustafa Al-Kadhimi had begun an investigation into the disappearance of $2.5 billion from the General Tax Authority's account (the secretariats).

A document of the commission revealed that the amount was withdrawn between January and August of this year, and the amount was transferred to the accounts of five different companies using dozens of checks, and then withdrawn from the accounts immediately.

The Ministry of Finance asked the Integrity Commission to investigate what some describe as the largest embezzlement in the history of Iraq, and it was popularly called the "theft of the century" due to its magnitude. And a security force arrested {Nour Zuhair}, the main suspect in the incident of stealing tax money, while the Central Bank of Iraq froze the movable and immovable funds of five companies, including those belonging to the accused {Zuhair}. The government of Muhammad Shia al-Sudani pledged to continue the investigation, recover the money, and arrest the remaining suspects in the theft.

Mot: .... Loved That Feeling!! ~~~~~

Mot:  .. aaahhhhhh - the Way it Was! ~~~~