There is $80 Trillion in Missing Dollar Debt

There is $80 Trillion in Missing Dollar Debt

Heresy Financial:  12-6-2022

The Bank of International Settlements released a bombshell report detailing over $80 trillion worth of short-term dollar debt that exists globally off-balance sheets.

 This means that regulators, central banks, analysts have no way of identifying where this debt is, exactly how much of it there is, and that means they cannot produce any potential solutions should there be a dollar funding squeeze.

And during both the great financial crisis and during March of 2020, when there were massive crises that happened quickly, there were absolutely these dollars funding squeezes that caused major problems to the global financial system.

As the title of the Bank of International Settlements report points out, this problem is huge, the debt is missing, and it is growing.

Timecodes

0:00 $80 Trillion Worth of Short-Term debt Exist Globally

1:31 Portfolio Allocation Mastery Course

1:48 Dollar Debt in FX Swaps and Forwards

8:52 FX Swaps/Forwards and Currency Swaps

13:57 Missing Dollar Debt

18:45 Maturity Mismatch

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

Tuesday Evening Chat and The Story of Rudolph with MarkZ 12-6-2022

Tuesday Evening News with MarkZ 12/06/2022

Some highlights by PDK-Not verbatim

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

Member: Hi ho HI ho it's off to the rv we go

Member:  Happiest of Tuesday Evenings to ALL!

Member: Rumor; 100,000 iraqi dinar will be worth $150,000 sometime next week. Ya,ll believe that ?

Member: That would be the NEER (Nominal Effective Exchange Rate) rate give or take a little ……..its possible

Member: Any news from redemption centers?

MZ: I have communicated with one. They are on a “Heightened Alert” for the week.  They have been asked to be able to report at a “moments notice” or within one hour during the work day and within 2  hours if it’s after the work day .

MZ: “Iraqi Parliament to approve 2023 budget of $140 trillion dinars soon”  The overwhelming part of their budget comes from oil ….about 95% of their income. They have priced the budget at about $60-$65 dollars a barrel and they have a mechanism to adjust the value with a revaluation.

MZ: There is a lot of chatter in the streets of Iraq. Today they expected local cabinet members to be seated…..and that did not happen, but I am told things look very positive for tomorrow. There are a number of politicians discussing where they should go on the rate.

MZ: I also have a finance ministry contact mention that a higher NEER rate was tossed about today in some of their circles. In other words instead of going with the rate of 1162 and floating…..it would start exponentially higher at the NEER rate of $1.60. They are also going back and forth with the pre-Sadaam Hussein rate of about $3.22.  We don’t yet know what they will do.

MZ: They keep it cloudy and smokey on purpose and for a reason. They are tossing around all these different rates so that we speculate and don’t know the answer…..We have to make peace with the misinformation that they are doing on purpose and for a reason.

MZ: I hear the most likely scenario continues to be the full revaluation or reinstatement, but they will continue to throw the other lower rates out there to keep us guessing….it is part of the game. We saw this in Kuwait as well before they revalued….also in China. This has happened throughout history.

Member: Just best to be prepared for any plan…..

MZ: It is very excited for me to see us this close to the finish line.

Member: Are we anticipating the dinar rate change this week?

MZ: We are anticipating an announcement thereof and possibly a lower sucker rate. This is before the actual RV  The sucker rate is to get many to give up, cash in at the lower rates and then go away.

MZ: “The mother of all economic crisis looms warns economist Nuriel Roubini “ People are pulling out billions in a mad dash to get cash before the music stops. The bleeding will continue.

Member: I wish there was news on gold backed USN

Member: I still wonder will the exchange be in fiat, digital, or the new rainbow???

Member: Mark, when RV occurs, will the world know, and to what extent, or just the currency holders

Member: I would think they want to keep things under wraps…….so all those people that were told the RV was a scam wouldn’t be really angry.

Member: Are we going to have a happy Christmas?

MZ: I’m afraid to say…..but think it’s very close.

Member:  I’ve been telling my cat (Archie) for the past two years that we are going to have a big, beautiful farm “soon”…. Lately, he just looks at me and rolls his eyes

Member: I’m still believing we will have a very happy Christmas with the RV first and Nesara/Gesara before the new year.

Member: Watch Trolling News, Markz tells the story about Rudolph the red nosed reindeer, origins,true story,sure made me cry.

Member: yah that was a great story Mark thanks for sharing

MZ: I loved the Rudolph story. That is why I posted it there by itself.

Member: Mark, many thanks for all the latest news & updates.

Member: Thank you MarkZ, Mods and Patriot Family for everything

CBD Gurus join the stream at the end…please listen to the replay for their information.

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

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

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

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

The story of how Rudolph came to be.

MarkZ:  Not sure who to give credit to for the story, whoever it is, thank you, it has touched many.

A man named Bob May, depressed and brokenhearted, stared out his drafty apartment window into the chilling December night. His 4-year-old daughter Barbara sat on his lap quietly sobbing. Bobs wife, Evelyn, was dying of cancer.

Little Barbara couldn't understand why her mommy could never come home. Barbara looked up into her dad's eyes and asked, "Why isn't Mommy just like everybody else's Mommy?" Bob's jaw tightened and his eyes welled with tears. Her question brought waves of grief, but also of anger.

 It had been the story of Bob's life. Life always had to be different for Bob. Small when he was a kid, Bob was often bullied by other boys. He was too little at the time to compete in sports. He was often called names he'd rather not remember. From childhood, Bob was different and never seemed to fit in.

Bob did complete college, married his loving wife and was grateful to get his job as a copywriter at Montgomery Ward during the Great Depression. Then he was blessed with his little girl. But it was all short-lived.

Evelyn's bout with cancer stripped them of all their savings and now Bob and his daughter were forced to live in a two-room apartment in the Chicago slums. Evelyn died just days before Christmas in 1938.

 Bob struggled to give hope to his child, for whom he couldn't even afford to buy a Christmas gift. But if he couldn't buy a gift, he was determined a make one - a storybook!

Bob created an animal character in his own mind and told the animal's story to little Barbara to give her comfort and hope. Again and again Bob told the story, embellishing it more with each telling. Who was the character? What was the story all about? The story Bob May created was his own autobiography in fable form.

The character he created was a misfit outcast like he was. What was the name of the character? A little reindeer named Rudolph, with a big shiny nose.

Bob finished the book just in time to give it to his little girl on Christmas Day. But the story doesn't end there. The general manager of Montgomery Ward caught wind of the little storybook and offered Bob May a nominal fee to purchase the rights to print the book.

Wards went on to print, ‘Rudolph the Red-Nosed Reindeer’ and distribute it to children visiting Santa Claus in their stores. By 1946 Wards had printed and distributed more than six million copies of Rudolph.

That same year, a major publisher wanted to purchase the rights from Wards to print an updated version of the book. In an unprecedented gesture of kindness, the CEO of Wards returned all rights back to Bob May.

The book became a best seller. Many toy and marketing deals followed and Bob May, now remarried with a growing family, became wealthy from the story he created to comfort his grieving daughter.

 But the story doesn’t end there either. Bob's brother-in-law, Johnny Marks, made a song adaptation to Rudolph. Though the song was turned down by such popular vocalists as Bing Crosby and Dinah Shore, it was recorded by the singing cowboy, Gene Autry.

‘Rudolph the Red-Nosed Reindeer’ was released in 1949 and became a phenomenal success, selling more records than any other Christmas song, with the exception of ‘White Christmas.’

The gift of love that Bob May created for his daughter so long ago kept on returning back to bless him again and again. And Bob May learned the lesson, just like his dear friend Rudolph, that being different isn't so bad. In fact, being different may be a blessing.

https://www.youtube.com/watch?v=21_HxD-3xTI

Zig’s Place Chatroom News Monday Evening 12-5-22

Zig’s Place Chatroom News Monday Evening 12-5-22

Zig   Next Saturday @Kaperoni (NORV-- who posted above) will be doing a conference call with Enorrste...I copied the details at   https://dinaralert.webs.com/conferencecalls.htm    where his calls are archived....the call will be recorded and the recording link will be posted there and here after the call....Details below:

DinarAlert Year-End Conference Call - Saturday December 10th 2022 6pm PT, 7pm MT, 8pm CT, 9pm ET

Enorrste and Kaperoni will host a DinarAlert year-end conference call Saturday December 10th, 2022 to wrap up the latest developments.  Focus of this call will discuss the new Iraqi government, economic and banking developments. Q & A included.   Join us at: 971-224-6616 Access code #807157

TWW AS I posted last night, read between the lines: " central bank advisor, Ihsan al-Yasiri, said, “For the first time, the central bank’s reserves exceeded the threshold of 90 billion dollars, as this number is very large and indicates a barrier to the recovery of the economy and a great support for the value of the Iraqi currency,” noting that “the value of the Iraqi currency or the balance exceeded 160.” %, as the value of the Iraqi dinar amounted to more than one and a half dinars. https://dinarrecaps.com/our-blog/iraqi-news-saturday-evening-12-3-22

TWW Im glad I AM NOT A GURU. Thanx for reminding me KAP

NORV TWW TWW What you posted is not as important as what the prime minister told the Central Bank to do today. Yes, 90 billion dollars in reserves is good and 160% in value (if 3 zeros were removed/LOP) is important, but it does not mean there is a RV coming. In fact, I state again, with over 83 trillion dinar in circulation (with 3 zeros), there is no RV. No country could ever afford to cover such a large money supply with a exchange rate at or near 1 to $1.

That being said, this is good news and we will explain it all this Saturday night on the conference call... www.dinaralert.webs.com/conferencecalls.htm

UNEEK   For all hopefuls - but still rumor until proven otherwise: MZ: From Iraq…..we have a rate. We do not have a fixed rate…we literally have a floating rate now. And based on the market at the end of each day now. This is enormous news. You should be like jumping out of your boots over this one.

MZ: This is a analysis from a number of contacts….What it looks like they are going to do is give us 1160 …this is about a 20% increase in the value of your dinar. Then at the end of each market day they will readjust according to the spread in the market…..They tell us this in articles.

MZ: “Government official: Dollar exchange rate will fall and its impact in a week” I am being told it is looking to start the float around 1160+ ….and the rate will be looked at each day. This is massive progress coming out of Iraq.

MZ: This makes sense as to whats best for the Iraqi people. This is a slow grind to the top and I am told it will not affect our contract rate as it is based on the “Oil for Dinar” contracts. So even if the rate takes awhile to get to where we want it….it has now started.

They have now announced that it has started. There is no more “Waiting for this to go” We can log in daily starting this week and see the new rates. Most likely starting sometime tomorrow. Expect the float to go fast. I am very excited about the news out of Iraq.

UNEEK   And another: Holly posted this:   Frank26: Frank came in late and said the 5th is the seed for the 6th. Delays don’t exist anymore….The red in his suit tonight stands for red alert!!!

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Zig   NORV : Now a reminder: I know you are going to rip that Guru stuff to shreds....lol....just don’t shoot the :Messenger:

UNEEK   Parliamentary: Discussions And Dialogues To Reconsider The Exchange Rate Of The Dollar

Political | 02:44 - 05/12/2022 Special - Mawazine News,the representative of the Kurdistan Democratic Party, Najwa Hamid, confirmed the parliament's move towards reconsidering the exchange rate of the dollar.

Hamid told Mawazine News, "There are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically, to reconsider the exchange rate of the dollar, and we imagine that an appropriate price will be maintained."

And she continued, "The rapid rise led to a clear economic deterioration, due to the failure to study the negatives and positives about the matter, so there is a real necessity to restore the exchange rate of the dollar."   https://www.mawazin.net/Details.aspx?jimare=213288

Doug_W   UNEEK fingers crossed BUT not holding my breath

Sah   Special - Mawazine News   MP for the Kurdistan Democratic Party Najwa Hamid confirmed the House of Representatives' move to reconsider the dollar exchange rate.

Hamid told Mawazine News that "there are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically to review the exchange rate of the dollar, and we imagine that an appropriate rate will be maintained."

"The rapid rise has led to a clear economic deterioration, due to the lack of study of the negatives and positives about the matter, so there is a real need to restore the exchange rate of the dollar," she said. Finished 29/N33 www.mawazin.net/Details.aspx?jimare=213288

Sah   I think that the Dinar devalued the other day to 1495 and people complained that they are not doing a good job at maintaining it. I think now that they have to manage it and get it back to the rate it was from the other day. They need to learn to maintain their rate and hold it. They may be trying to bring it back, maybe they do a managed float to the rate from the other day or keep it going till 1160 

NORV   Sah it was clear in the last Article IV Consultation with Iraq that they are pegged to the dollar. Until Iraq creates the conditions, passes laws, encourages investment for a diverse economy they will not float. No country that's totally dependent on oil exports alone could survive a float. The dinar will remain weak until that happens.

NORV   Zig not really Zig it's just gurus and misconceiving what they mean. First of all you need to understand how the daily auctions work not only are they a source of dollars to pay for imports but the auction serve a very important purpose to maintain stability of the exchange rate in the country it's a balance between dollar and dinar.

So in recent days the new prime minister has asked the central bank to increase the liquidity of dollars. Otherwise to liberalize the foreign exchange. This will weaken the dollar but will strengthen the dinar. They will do this to stabilize the exchange rate within 2% for IMF guidelines and improve its value slightly for citizens. There will be no significant RV.

Even though the gurus tell you otherwise. More than likely I expected to go back down to about 1170 to$1. Also remember if Iraq ever wants to accept IMF article 8 and open their banking system for more International transition and transactions they have to maintain that stability at 2% for at least 90 days.

Shabibi had it stable for a year before he was ready to transition but Maliki ran them out of the country. There was also a few other occurrences over the years with other governors where there was stability.

NORV   UNEEK and this article is true that dinar street value now is a little over 1490 which is just outside the compliance of 2% required by the IMF based on a 1460 exchange rate. So they're going to liberalize the dollars in the marketplace making them readily available for citizens and as a result the dinar will strengthen slightly. They won't go too far with it my guess is it'll be right around 1170 again.

The conditions in Iraq just aren't appropriate yet for them to open up and Float the dinar and allow it to rise any further they need a lot of economic changes yet and development. Not to mention over 100 stalled laws to encourage investors. This is a good step though because it'll appease the citizens and it should also encourage additional banking activity.

NORV   A lot of gurus like to make up stories about them reducing the dinar. But they are not significantly doing so in fact it's well over 83 trillion dinar still in circulation. And for a fact they cannot significantly reduce it because as I stated the exchange rate is a balance between dinar and dollar through the daily auctions.

So as long as they maintain the daily auctions there will be very little change in the exchange rate. Iraq needs to develop their banking system to a point where they can abandon the daily currency auctions before any significant change will happen.

Zig   NORV : :Thankyou: ....The Gurus will see it increasing in value and jump on that saying it is going to take off now....As Frankie said "Red Alert" time.....lol

Dave   NORV How about a nickle?

Zig   Dave : How about a pickle?    :Laughing:

Zig   Sah : I think Kaperoni knows what he is talking about....too bad....LOL

Dave   BIG words cause confusinn?

Dave   00067 to 1 dollar....delete 3 zeros....new notes cost a dime each to mint....Lil less fer them fils.....

Dave   Coke gonna drop their price point?

Sah   Zig He is correct about the within two percent for at least 90 days before they can except article 8. I think it will go down to 1160 and stabilize there. CBI will be flooding the market with USD to bring it down. Vietnam has done a managed float before, but they are already international.

Sah   Dave Just more value for their Dinar against the dollar. The Dinar will stretch a little to buy more.

Dave   Sah BINGO that!

NORV   Dave Unlikely until the create the conditions to diversify their economy. Lots of work still to do Dave.

NORV   Dave If they execute the option to delete zeros, you won't like the outcome. MY bet is they will gradually raise it over time based on economic success, otherwise no need for 20,000 dinar note.

Zig   Next Saturday @Kaperoni (NORV-- who posted above) will be doing a conference call with Enorrste...I copied the details at   https://dinaralert.webs.com/conferencecalls.htm  where his calls are archived....the call will be recorded and the recording link will be posted there and here after the call....Details below:

DinarAlert Year-End Conference Call - Saturday December 10th 2022 6pm PT, 7pm MT, 8pm CT, 9pm ET

Enorrste and Kaperoni will host a DinarAlert year-end conference call Saturday December 10th, 2022 to wrap up the latest developments.

Focus of this call will discuss the new Iraqi government, economic and banking developments. Q & A included.   Join us at: 971-224-6616 Access code #807157

 Zig: If you access this chat via https://my.cbox.ws/ZIGPLACE

Zig:  You can make the box much bigger by clicking this link ZIGPLACE - Cbox

More News, Rumors and Opinions Tuesday Afternoon 12-6-2022

TNT:

Tishwash:  China is trying to remove America from the Iraqi economy

It seems that the competition between the United States and China over the Middle East in the commercial fields will have a negative impact on these countries, including Iraq, whose trade relations with China expanded to exceed $40 billion in 2021.

Chinese companies are present in Iraq with large investments in the oil, electricity, construction and entertainment sectors in the country. Various Iraqi cities, where the spread of Chinese labor is remarkable in cities such as Baghdad, Basra and Erbil.

Perhaps the increase in these investments and the justifications for protecting Chinese interests raised American fears of establishing Chinese bases in the Middle East, including Iraq, which raised the alarm in the US Department of Defense of the consequences of this step

The Pentagon issued a report warning the countries of the region, especially Iraq, against dealing with the Chinese government on a large scale, and at the same time warned the Chinese government against provoking the United States in the Middle East.

The report indicated that China escalated its dealings with the countries of the Middle East, especially Iraq, during the past year 2021, which continued, this year, and that Beijing seeks to expand its base of influence through economic relations that ultimately aims to create Chinese military headquarters within the regions of the Middle East in general, And Iraq in particular, and the report warns "countries of the region, especially Iraq" against continuing to deal with the Chinese government, announcing that President Joe Biden's administration does not call on those countries to sever their diplomatic relations with China, according to what US Undersecretary of Defense for Political Affairs Colin Kahl explained during a statement to NET Middle East Monitor.

The US official confirmed that President Biden's administration is closely monitoring the dealings of countries in the region, especially Iraq, with China, explaining that China's intentions in the region target American interests, and this is what we cannot allow to happen, he said. He warned both Iraq and the countries of the region against "harming US interests by dealing on a large scale with China."

Nabil Al-Marsoumi, professor of economics at the University of Basra, said that there are US fears of increasing Chinese influence in Iraq after increasing the volume of trade exchange with Iraq to $40 billion. Al-Marsoumi said, "There is a trade war between China and the United States from the time of Donald Trump to today, because the United States has imposed customs duties on a large number of Chinese goods to protect American goods for fear of Chinese goods invading American markets."

He added that Iraq is one of the most important economic countries in the Middle East, and it is a focus of attention by China because it is the region in which American influence can be undermined, indicating that Iraq is one of the promising countries in energy production, and therefore China has entered strongly in this field by operating oil fields. An Iraqi oil giant, West Qurna, Halfawiya, Al-Ahdab and Nissan, and the conclusion of other contracts such as the Hoveyza and Mansouriya gas fields and the strategic Al-Faw refinery.

Al-Marsoumi explained that China does not only invest in the oil sector, but also in the gas sector through secondary contracting, so there is a large presence of China in Iraq, indicating that expectations estimate the volume of trade exchange between Iraq and China to reach 40 billion dollars, especially since Iraq is the third oil-exporting country to China after Russia and Saudi Arabia, as well as Iraq importing large goods from China.

Baghdad fears the results

Al-Marsoumi added that China has large investments in Iraq in the field of construction, energy and infrastructure, and there is fear of the expansion of Chinese influence in Iraq, especially in the field of energy, since Beijing buys the share of any foreign oil company that exits the oil market, and its companies have expressed their willingness to buy the share of "Exxon Mobil". When it was offered for sale, pointing out that the Iraqi government rejected the Chinese offer for fear of expanding China's influence more and for fear of the reluctance of Western companies to come to Iraq, as well as to avoid arousing fear of the United States, which considers Iraq a key player, especially in light of its location linking the continent of Asia and Europe. .

Iraqi reality

He pointed out that China is ready to pay money to some parties, unlike Western companies that cannot operate away from transparency and in the absence of stability, stressing that there is a major Chinese incursion that raises the concerns of the United States and Westerners because the Chinese are the largest importing country of oil and import from 10 to 11 million barrels, and they care In Iraq because it can provide them with great resources in addition to the huge profits in the infrastructure sector.

important market

The head of the Iraq Center for Strategic Studies, Ghazi Faisal, saw the US interest in Iraq as a market in which there are mineral resources worth $20 trillion, pointing out, at the same time, that Washington is trying to return part of the bill for the war on Iraq. Faisal said, "There is a kind of commercial competition between the United States and China over the global markets for the export of goods, over the sources of primary resources, and over energy. It has giant investments in the United States, and the latter also has financial assets and giant companies operating in China.

Faisal added that there is intense competition for the markets, and it is not possible to go to large and diversified production without the presence of stable markets, and the Middle East is a vital strategic market for investment, and an important market for European and Western commodities, pointing out that China is fierce competition, but it is poor in mineral resources, as it imports all Something from minerals, oil and gas, and it needs 10 million barrels of oil per day, and it is trying to take over the Iraqi market.

Chinese investments

He added that China is a competitor to American and European commodities and is interested in the market and investment in Iraq, the Middle East and the Arab Gulf, especially Iraq, in which the value of heavy and light minerals in oil, gas, wealth and other heavy minerals is estimated at nearly $20 trillion, pointing out that minerals are a tremendous wealth for the United States. Which spent three trillion dollars in Iraq as a result of its invasion of the country and wants to recover the trillions it spent in commercial and economic interests.

Threat to American interests

Faisal explained that the Chinese commercial and economic incursion into Iraq constitutes a threat to US interests in the Middle East and the Arab Gulf, because China is currently establishing military bases in Africa to guarantee its interests in terms of investment, and it also relies on military strategy to guarantee its economic and commercial interests and guarantee the security of companies operating in those countries. States, especially since it is the second economy in the world. Faisal did not rule out that the competition between Beijing and Washington would turn into a conflict, or that China would go to publish rules after agreeing with the competent governments in a number of Middle Eastern countries, including Iraq, in order to protect its interests.

The director of the Republican Center for Strategic and Security Studies, Moataz Mohie Abdel Hamid, did not rule out the existence of Chinese intentions to establish a military base in the Middle East region to protect its interests in the region. "China has great economic interests in Iraq, as it imports more than one million barrels per day of crude oil, in addition to establishing banking partnerships with it," he said, adding that it has projects in Iraq to restore infrastructure and future projects to establish a railway extending from China and then Iran, Iraq and Syria. , which is heavily oriented towards the Middle East.

Abdul Hamid also did not rule out the existence of a Chinese tendency to establish a foothold in the Middle East to protect Beijing's interests in the region, including Iraq, and pointed out that the government of Muhammad Shia al-Sudani intends to build strategic relations with many countries, including China and Russia, and not rely solely on the United States for Developing the country's infrastructure.  link

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

Courtesy of Dinar Guru

Frank26  The Paris committee told them recently (a few days ago) that Iraq you have to honor our agreement...you have to change your exchange rate in the positive because the Paris Club is still holding some of Iraq's stolen funds...Remember 80% of Iraq's debt has been paid off through the Paris Accord Agreement...In order for Iraq to finish retrieving their stolen funds...they need to comply and change their exchange rate and go international.

Nader From The Mid East   They [the CBI] didn't say how much.  They [the CBI]  just said to the old numbers and then it's gonna go down gradually...that's good news.  I'm happy about that.  It will help me out a lot actually if it goes down to 1160.  There's a new decision has been made...from here to maybe next week or the week later you're gonna see changes.  Maybe this week we don't know.  So get ready for it

This Shocking Chart Just Revealed The Fed Is Insolvent...

The Rebel Capitalist: George Gammon 12-6-2022

https://www.youtube.com/watch?v=xzu5kWPu3uM

From Recaps Archives

For Dinar - What you will see on Forex or CBI WHEN IT RVs

$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100

"Coffee With MarkZ" Tuesday Morning Chat 12-6-2022

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

Fast forward 5 minutes. Mark was muted at the beginning.

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

Member: Good news I just heard that Rudolph is retiring and Santa is secretly scouting the Bentley Sleigh market!

Member: Well everyone it sounds like the game is finally afoot on the RV

MZ: There are a few things coming out of Iraq. There is a lot of pressure right now on the rate…..Today they were supposed to vote on some local government positions but they did not convene today due to lack of a quorum.

MZ: As for the rumors- I have received a number of reach outs this morning ….from different sources…about a thousand or ten times improvement in Iraqi currency rates. They are saying this is the talk on the street that this is the starting point.

MZ:  I still think they will all go at once, but am prepared if Iraq does go slower. It looks like the overwhelming majority of people that hold it are going to make somewhere around 4 times or 10 times on their investment already. This is huge but not yet what we are looking for. They still want to restore their old rate pre-Kuwaiti invasion rate. ($3.22?)

Member: Does Iraq need to be on the FOREX before they can float? Meaning the Dinar is Internationally accepted?

MZ: They have not officially started the float yet. But they want things to start moving immediately.

MZ: other than that its pretty quiet…even on the redemption center fronts. Everybody is watching to see what is going on in Iraq. Will it come out lower and float or will they pull the trigger completely.

MZ: “Will Saudi investment pledges in Iraq overcome barriers?” Saudi Arabia is reaching out to invest $24 Billion USD into the Iraqis sectors non-energy related. They want to focus on industries outside of oil for the day and time oil is not there or not needed anymore…..to make them more well rounded .

MZ: Also I find it interesting that both Saudi Arabia and Iraq are also wanting to join BRICS. Iraq is trying to sever ties to the US government and to the west.

MZ: I wanted to share this with you….one of you sent it to me last night about the revaluation of the Kuwait dinar. I know there are many sceptics that still say it never happened. Well it did happen.

MZ: July 19, 2013 the article goes back and does a history dive on it. In-country they were exchanging an old Kuwaiti dinar for a new Kuwaiti dinar at a 1 to 1 rate. I have included this article in todays links.

Member:  I heard the rate has changed yesterday, supposedly goes international next week .

Member: Just checked the rates, dinar went up to .00069 to one dinar.

Member: yes, saw it went up slightly this morning. Let’s hope this whole float thing happens. Many people in Iraq are counting on it.

Member: "Possible rates" still does not sound like the golden egg shirt...but we are getting closer! And closer! And closer!

Member: Hopefully the Dinar will be revalued around $3 or $4 per Dinar, then the 25,000 dinar notes will be worth a lot. Until then, don't get to excited when they start throw numbers out.

Member: I’m confused a little. What do we do if it floats ?? Do we wait till it’s higher ?

Member: With the floating rate, think of it as like going to an auction. They gotta start somewhere. We will only get on board once we get our value. Then the Dinar is Sold, sold, Sold.

Member: If there is floating rate before the RV? Where do you exchange it?

Member: if it floats, and we are able to exchange, and it's worth enough for us to be contented, we exchange. Right now a dollar equals 1460 dinar. They say it'll soon start out at 1160.

Member: If it’s a float- we just wait for the rise to get to a higher number we would be happy with

MZ: Noone overthink this….we don’t yet know enough.

Member: last night video- Frank explained the relationship between Paris accord and article 140

Member: Article 140 is what we always called "the hydrocarbon law". It has to do with ensuring that oil revenues are shared with the citizens, including the Kurds.

Member: Iraq need to go international with their rate to get their 20% from the Paris Agreement from 2007 so they have no choice! Frank26 states this.

Member: Frank has best Intel in Iraq though even Mark has said so

Member: At the end of Frank26 he said 1:1

Member: if it gets to 1 to 1 – I would sure exchange a note or two.

Member: they need to get it done…..the RV can't go any slower than what it's going now! A snail could beat it now!

Member: I still am praying it happens before Christmas.

Member: Stay positive….things are happening…..it may just pop suddenly…..

“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

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

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

Youtube:     https://www.youtube.com/watch?v=zVVFClIp72s

Zig’s Place Chatroom News Monday Afternoon 12-5-22

Zig’s Place Chatroom News Monday Afternoon 12-5-22

Zig   Next Saturday @Kaperoni (NORV-- who posted above) will be doing a conference call with Enorrste...I copied the details at   https://dinaralert.webs.com/conferencecalls.htm    where his calls are archived....the call will be recorded and the recording link will be posted there and here after the call....Details below:

DinarAlert Year-End Conference Call - Saturday December 10th 2022 6pm PT, 7pm MT, 8pm CT, 9pm ET

Enorrste and Kaperoni will host a DinarAlert year-end conference call Saturday December 10th, 2022 to wrap up the latest developments.  Focus of this call will discuss the new Iraqi government, economic and banking developments. Q & A included.   Join us at: 971-224-6616 Access code #807157

Butterfly   The Central Bank announced today, Friday, that the cash reserves exceeded 160% of the value of the Iraqi dinar.

"The central bank's reserves exceeded for the first time the threshold of 90 billion dollars, which is a very large number, and represents an indication of the recovery of the Iraqi economy, and a great support for the value of the Iraqi currency," said the Central Bank's advisor, Ihsan al-Yasiri, in a statement to the official agency.

He added: "The Iraqi currency is now witnessing a great rise and recovery, as it is one of the strong international currencies, although it is not an international currency for circulation."

Al-Yasiri explained: "The government and the Ministry of Finance have an opportunity to support the fragile and poor groups and retirees with low salaries and those covered by social protection and retirees through these funds by allocating part of them within the 2023 budget."

TWW   http://www.blissfulvisions.com/pdf/HR-5404.pdf

https://www.ashtaront

https://www.ashtarontheroad.com/history-of-nesara.html

Sheila   @TWW Both links informative ... something good this way comes.

TWW   Announced, Nov 22,22, in Iraq for incountry exchange rate: dinar is worth 1.5 times of current value. Glory days rate was $3.22usd + half rate $1.61usd = $4.83usd?? Plan for internation rate mid jan 2023.Reposted without above link thanx to Zig

Zig   TWW : I wish I could believe what you posted above....you know who is going to go after you for posting that, right??....lol

TWW   Zig Again Thanx, yes I kno who is going to kick me around. Remember who I was treated years ago when I post abt Kuwait?? Thats cool.     not who but *how I was treated.

Zig   @NORV: Now be nice if you comment about what TWW posted please....thanks....

NORV   Zig It's all nonsense. There is no RV or even a new rate. The rate is what it is..1460. There will be no change until Iraq passes laws, encourages investment in the private sector and begins to diversify. Only then can Iraq begin to float the dinar and allow it rise. This is how monetary policy work. This is how a currencies value is determined by supply and demand. This the only way Iraq can reduce the money supply (which is currently over 80 trillion dinar). What TWW is doing is posting BS, guru nonsense. Sorry, but he is misleading people.

NORV   If you read the most recent talk about a 20,000 dinar note it also reflects the plan to gradually raise the value, reduce the money supply and subsequently gradually introduce new lower notes. The only other alternative has been stated by Iraq which is a currency exchange or LOP. Which everyone knows provides very little gain on the dinar. Something we do not want to see happen and would require parliament approval prior to doing so.

NORV   https://baghdadtoday.news/206204-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%AD%D8%AF%D8%AF-%D9%85%D9%88%D8%B9%D8%AF-%D8%B7%D8%B1%D8%AD-%D8%B9%D9%85%D9%84%D8%A9-%D8%A7%D9%84%D9%8020-%D8%A7%D9%84%D9%81-%D8%AF%D9%8A%D9%86%D8%A7%D8%B1-%D8%A7%D9%84%D9%89-%D8%A7%D9%84%D8%B3%D9%88%D9%82.html

NORV   Key points in this article from the CBI are... "the 20,000 dinars category is an intermediate currency between 25,000 and 10,000, as it will have a role in redrawing the structure of banknotes," and "This currency is issued at the end of 2023."

NORV   We know one thing for fact..If the 20,000 dinar note is not coming out until end of 2023 there is no RV, or increase in value until at least then. And we also know they are giving the government a year to do what I mentioned above passing laws etc. to begin to create the conditions developing/diversifying their economy.

Sah   NORV Nice article. Is the 20,000 still hibernating or is it on the streets now or in 2023?

Sah   I question that article because I thought they were already out on the streets.

NORV   No, not out yet. There is no need for it at this time. I assume the CBI expects the gov to do it's job first.

NORV   the 20,000 dinar note as stated by the central bank is a step towards redrawing the structure of banknotes.

Sah   A lot of the locals over there complain that is hard to make change there. Maybe the 20,000 will help.

NORV   That to me means they will gradually over time as the dinar rise small notes

NORV   well it either going to a gradual transition as the economy grows (which could take several years) with new notes or they will execute the neutral event LOP.

NORV   In either case, Iraq must reduce the money supply significantly if they ever want to add value to the dinar.  

Sah   Does not Lopping cause double digit inflation if they do that?

NORV   no

NORV   many countries have exchanges currency. I still think it is unlikely they would execute it, but it is very possible.

NORV   exchanged

Sah   Is there any disadvantage to lopping? I thought there was?

NORV   That being said, Their actions imply they will raise it gradually over time as the IMF stated years ago.

NORV   Sah The main dissadvantage would be investor confidence in the banking system

NORV   And we know Iraq is working hard to create confidence. Therefore, again, I think it is unikely they would do a currency exchange

NORV   Investing in the dinar in my view is a long play. based on Iraq's behavior it could be another 10 years for them to get their shit together

Sah   I have witnessed high inflation after a Lop on countries that have done that. Does not feel very stable.

NORV   Hopefully not..but we have not seen Iraq pass a significant economic law in 4 years

NORV   Despite what many try to say about the IMF and Iraq doing what they want and the IMF is not in change etc. The truth is, Iraq has followed all directives from the IMF so far.

NORV   So I am betting on the IMF directive from 2013..

NORV   staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”

Sah   There are about more than 50 on the books that are waiting for their second reading or have already been passed and read but not posted into law. What happened to all of those?

NORV   And to be honest, the actions so far from the CBI seem to be more in line with that directive than anything else.

NORV   Sah closer to 100 laws outstanding.

Sah   Is the CBI of Iraq owned by the Rothchilds. Are not most banks owned by someone other than the government?

NORV   No idea other than political/tribal conflict keeping them from passing.

NORV   Google results claim 100% state ownership

NORV   in any case, the IMF is there for a reason and that reason is the mitigate and guide the global banking system

NORV   So if Iraq wants in the game, they have to follow the directives.

Sah   The IMF has been there for years working with them and the World Bank also.

NORV  Of course. The IMF, World Bank are part of the UN.

Sah  I do not know why Iraq is always trying to change the rules with the IMF and tries to walk away and get thier own way but the bottom line is they can't. They need them.

year of they were planning a currency exchange. This is just one of many hints they are following the directly to "allow a predictable and gradual appreciation"

NORV   directive

Sah   Iraq wants to be international so they have no chioce to follow the rules.

NORV   Not so sure Iraq wants to be international. In some cases yes...but the many tribes that are happey with stealing do not want change.

Sah   I was glad to hear the the UK Banks stepped in to help bring thier CBI up to par digitally.

NORV   Iraq is a slow moving turtle at best. To much to oversome

NORV   There are at least 3 different parties creating conflict with growth and integration..The crooks are #1

NORV   #2 are tribes that do not want change

Sah   A couple years ago Iraq applied to IMF for article 8 and was reviewed and told they had to do a list of things before the could submit thier application. I am still waiting for that list to be completed.

NORV   #3 are various political parties controlled by the various tribes.

NORV   This is well documented by the IMF and world bank in their reports.

NORV   Even the World Bank was shocked by the behavior of Maliki several years back.

Sah   They were told to control the corruption. Pass laws for it which they did and then did not implement it for years. When half of parliament is corrupt it is hard to implement these laws.

NORV   This is a candid response from the World Bank...

NORV   https://documents1.worldbank.org/curated/en/722151468038689300/pdf/ISR-Disclosable-P113337-12212012-1356109721447.pdf

NORV   There has been a major change in CBI management with the appointment of a new Governor. On October 14, 2012 an Iraqi judiciary issued an arrest warrant against the Governor  of CBI, Dr. Sinan Al-Shabibi. Consequently, the Iraqi government appointed Dr. Abdul-Baset Turki, the Head of BSA, as an Acting Governor of CBI, after the court ruling ordered the removal of Dr. Shabibi from his post.

The World Bank has received an official letter dated October 21, 2012, notifying management of such a change, since the CBI is the  implementing entity of this project. Dr. Shabibi, who is currently out of the country, and more than a dozen other officials at the institution are being investigated for misleading  monetary policies, as well as alleged improprieties involving capital requirements for local banks and foreign-currency auctions overseen by the central bank.

It is worth noting that the replacement of the Governor of CBI by the Head of BSA, could affect project implementation, and possible delays with the change in management. Following this decision, the team has met the Iraqi authorities, to ensure irreversibility of the reform program, and smooth implementation of the project.

NORV   This is key...    Following this decision, the team  has met the Iraqi authorities, to ensure irreversibility of the reform program, and smooth implementation of the project.

NORV   Basically they told Maliki, you can get rid of Shabibi, but your not going to stop the banking reforms   But we see, some 10 years later...Maliki did in fact stop progress

NORV   This is why there can be no prediction on how long economic reforms will take. And with no reforms there will be no increase in value.

NORV   Well I got things to do. Have a good night.

Sah   Thanks for the information. I am surprised that Maliki has lasted this long. I am sure because he is very rich and somehow still gets his way.

Zig   Next Saturday @Kaperoni (NORV-- who posted above) will be doing a conference call with Enorrste...I copied the details at   https://dinaralert.webs.com/conferencecalls.htm  where his calls are archived....the call will be recorded and the recording link will be posted there and here after the call....Details below:

DinarAlert Year-End Conference Call - Saturday December 10th 2022 6pm PT, 7pm MT, 8pm CT, 9pm ET

Enorrste and Kaperoni will host a DinarAlert year-end conference call Saturday December 10th, 2022 to wrap up the latest developments.

Focus of this call will discuss the new Iraqi government, economic and banking developments. Q & A included.   Join us at: 971-224-6616 Access code #807157

 Zig: If you access this chat via https://my.cbox.ws/ZIGPLACE

Zig:  You can make the box much bigger by clicking this link ZIGPLACE - Cbox

News, Rumors and Opinions Tuesday AM 12-6-2022

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 6 Dec. 2022

Compiled Tues. 6 Dec. 2022 12:01 am EST by Judy Byington

Judy Note:

On Mon. 5 Dec. the Bank of International Settlements warned that pension funds and other non-financial firms have more than $80 Trillion in hidden off-balance sheet Dollar Debt in the form of FX Swaps. We’re experiencing the demise of the fiat US Dollar – and it ain’t coming back.

Global Currency Reset:

Mon. 5 Dec. MarkZ: “I think its economic brilliance coming out of Iraq – a measured approach so they can soak yet more Dinar off the streets before their bigger revaluation. They are going to allow the market to set the rate each day… Nader said that Iraq is changing the rate, improving the Dinar and reducing the Dollar… From Iraq we have a rate, not a fixed rate, but a floating rate based on the Market at the end of each day. This is enormous news. …

MarkZ:  This is an analysis from a number of contacts: I am being told it is looking to start the float around 1160+. This is about a 20% increase in the value of your Dinar. Then at the end of each Market Day they will readjust according to the spread in the Market. This makes sense as to what’s best for the Iraqi people. …This is a slow grind to the top and I am told it will not affect our contract rate as it is based on the “Oil for Dinar” contracts…. They have now announced that it has started. There is no more “waiting for this to go.” Expect the float to go fast…. Some contacts in Europe were expecting liquidity today Mon. 5 Dec. No word on Tier4B schedule.”

Mon. 5 Dec.: The full funds from the St. Germaine Trust were expected to be released according to a High Up Source, while bonds began processing in mass according to Bond contacts in Europe.

On Tues. 6 Dec. a small amount of monies was set to be released to some in Tier 3, while a week later on Tues. 13 Dec. Tier 3 could be at least partially liquid. …a High Up Source.

Sun. 4 Dec. Fleming: “I am with a full NDA and can’t say anything at all.” https://dinaresgurus.blogspot.com/2022/12/nick-fleming-reports-spanish-and.html?m=1

Mon. 5 Dec. Dr. Tom: Dubai 1 has been completed and Dubai2 is in the process of being completed. Those are the most important platforms that move money around the world in the Quantum System. Dubai 2 is in the works and that brings us to the USN. So this is in the works and he tells us we’re getting close. My sources and I understand it could happen tonight or tomorrow, but it could last until the first part of January. I was on another call the other day and those sources couldn’t appear on the call because they said we were too close and they weren’t allowed to talk. Now the RV can’t be stopped and Buyers are meeting Sellers right now as we speak. https://dinaresgurus.blogspot.com/2022/12/were-getting-close-by-dr-tom-via.html?m=1

We are all in the same boat – and it has a leak. The potential of a recession is not the problem, a deep inflationary depression should be a far greater concern. https://www.zerohedge.com/economics/we-are-all-same-boat-and-it-has-massive-leak

Read full post here:  https://dinarchronicles.com/2022/12/06/restored-republic-via-a-gcr-update-as-of-december-6-2022/

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

Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report] FIREFLY: If it floats is it going to go up really fast?  And when is the best time for us to go in and exchange?  FRANK:  As far as when you exchange...that is a personal decision.  You have to make that decision.  At what rate you feel is good enough for you.  1 to 1, 1 to 2, 1 to 3 etc.  You've got to know when to hold'm and know when to exchange'em.

Pimpy  When it comes to this new government in Iraq it is moving quickly and I mean very quickly.  Not just locally but internationally...

FINALLY HAPPENED! Russia SHATTERS the Dollar Myth, the Era of the Only Settlement Currency is End.

Deepin Moments:  12-6-2022

In the wake of the crisis in Ukraine, a series of sanctions and counter-sanctions have been imposed between the West and Russia, the most important of which is in the financial sphere. Russia's counter-sanctions have shattered the myth that the US dollar is the only settlement currency in the energy sector, prompting much speculation in international public opinion.

Many economists predict that the era of the US dollar as the sole settlement currency in international commodity markets is over. Today, countries and investors holding dollar assets are no longer as comfortable as they once were, and more and more countries are using non-dollar currencies to settle their trade.

The other day, India bought a large amount of Russian coal and chose to pay for it in yuan. More recently, Israel, Switzerland and others have boosted the proportion of the yuan in their foreign exchange reserves, proving that these financial players are also reducing their exposure to the dollar.

 Against the US national debt to GDP ratio, a depreciation of the dollar is inevitable.

https://www.youtube.com/watch?v=gaiJOaxOkF4

The Global Economy Is In Free Fall, Prepare For The Worse Case Scenario "

Greg Mannarino:  12-5-2022

https://www.youtube.com/watch?v=sBO6OyqLb0c

"Tidbits From TNT" Tuesday Morning 12-6-2022

TNT:

Tishwash:  Parliament adjourns for further notice due to lack of quorum

Today, Tuesday, the House of Representatives decided to postpone its session to an unknown date, due to the lack of a quorum.

A parliamentary source told (Baghdad Today) that "the House of Representatives decided to postpone its session, which was scheduled to be held today, because the legal quorum was not achieved."

The House of Representatives had postponed its meeting for half an hour until a quorum was completed to convene it, but failed in the latter to achieve that  link

Tishwash:   Kurdish deputy: Only two sessions during the current week.. and he ruled out starting to read next year's budget

Member of Parliament for the Kurdistan Democratic Party, Sabah Sobhi, ruled out the arrival of the general budget for the next year during the current week.

He told the National Iraqi News Agency / NINA /: There is a serious movement for the first reading of the budget during this week, and this is difficult and the time is very short.

Sobhi added: There are only two sessions left for the current legislative term (tomorrow and Thursday), and it is difficult because there are pending issues in the Finance Committee.

Sobhi explained: There is a trend for the first reading during the legislative recess, by informing us during it and attending in order to start reading it.  link

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

GPCobb:  dunno if this is the latest, he is saying it is announced over there; Nader https://www.youtube.com/watch?v=tFyefxGOF5Y

KMan:  If my math is correct, if this does go through let's say @$1.50, one 25K note would yeild $37,500 and that would be a whole log of Dong purchases. If this does happen, I wonder if they might restrict the # of 25 K notes and I would imagine there isn't any tax on the Dinar, that a lot of money to play with. Just some thoughts if this does happen.

Red:  if you hold the same note a few days and get the contract rate it might be 750,000.00

RVAlready:  Correct. But I doubt it will go international until January. Much as I would love some decent exchange action next week.

KMan: Red, what you and RValready say is true, we just don't know yet. But if it does, Merry Christmas...lol

RVAlready:  Sounds like banks and treasury do not want to see this until January. So, the IMF probably would not give the green light until January. Without treasury support, I doubt the banks would exchange. Banks usually will not speculate on currency.

Yada:  Good news from Tish's article, the article 140 was settled with 13% of the governments going to Kurdistan for the heavy lifting. Believe that was the last sticking point

Annie68:  yada,What about no Parliament because of not enough members and budget passing going into next year? I didn't see much happy news in the artickes!

Yada:  Well, they stated yeserday that rate was changed and we won't see it till the end of this week. Dont see that changing because even at the end of this week the budget for 2023 wasn't voted upon. Ive stated since the middle of this year when they went through the approval of the EFSL, which we were told had the rate but didn 'have a government to release it is still in affect. They do have a government now as of Saturday and Im of the mind this is where we are seeing the rate release.

Yada:  It would be like reading the bible. Chapters were not included, just one long letter. When it was put together, KJV, chapters were included. What I think we are seeing is they inserted a chapter between the 2022 budget and the 2023 budget. May have been their intent to marry them together but they first need to see the release now verses later….this will give them time to make adjustments as needed based on how their market fares. JMO

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

Tishwash :  Mazhar Muhammad Salih: The funds of the food security law will be part of the budget for next year

The financial expert, Mazhar Muhammad Salih, confirmed: The funds of the Food Security Law will be part of the next year's budget.

He told the National Iraqi News Agency / NINA /: that once the federal general budget law is issued for the next year, the financial agencies will work unifiedly in accordance with the principles of the effective financial management law, which requires the unity of the general budget in spending and revenue.

Saleh added: The articles of the general budget law for the next year should absorb the remnants of the financial obligations stipulated in the Emergency Law for Food Security and Development No. 2 of 2022, so that this law and the obligations contained therein become an integral part of the next federal general budget law.

He explained: It is not permissible to spend under any pretext outside the General Budget Law in one fiscal year in which the law enacts that based on the provisions of Article 51 of the amended Financial Management Law No. 6 of 2019, which stipulates adherence to the principles of the budget in terms of budget unity, comprehensiveness and annuality, unless otherwise stipulated in the The same budget law regarding the mechanism for dealing with the remnants of unspent allocated allocations in the aforementioned Emergency Law for Food Security and Development No. 2 of 2022 and considers it an exceptional case. Such a matter leaves its appreciation to the executive authority when preparing the texts of the draft federal budget law for the next year. link

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

CandyKisses:  Oil is back up after a sharp decline

{Economic: Al Furat News} Oil prices rose today, Tuesday, after a ceiling set by the Group of Seven for Russian seaborne oil prices entered into force yesterday, Monday, in addition to the European Union’s ban on Russian crude imports by sea.

Brent crude futures rose 66 cents to $83.34 a barrel by 01:08 GMT, while West Texas Intermediate crude rose 70 cents to $77.63 a barrel, according to Reuters.

Futures fell by more than 3% in the previous session, after US services sector data raised concerns that the Federal Reserve (the US central bank) may continue the path of tightening monetary policy.

The Russian oil price cap, imposed by the G7, comes as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it is forced to cut production.

The price cap, to be imposed by the Group of Seven countries, the European Union and Australia, came in addition to the European Union's ban on Russian crude imports by sea and similar pledges from the United States, Canada, Japan and Britain.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, in what is known as the OPEC + grouping, agreed on Sunday to stick to their agreement in October to cut production by two million barrels per day starting in November.

The Group of Seven countries and Australia agreed last week to put a cap of $60 a barrel on Russian oil transported by sea.

In China, more cities eased COVID-19 restrictions over the weekend, fueling optimism about increased demand from the world's largest oil importer.

Business and manufacturing in China, the world's second-largest economy, have been hit this year by strict measures to curb the spread of the coronavirus.

Mot: Kids today will never know the THRILL of this magic book 

Mot: anyone Know Where he Publishes the List - aaahhhh - Asking fer a Friend!

"Global Depression Imminent-Could Gold Reach $800,000 oz? Bill Holter

Bill Holter: Global Depression Imminent - Could Gold Reach $800,000oz?

As Good As gold Australia:  12-4-2022

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview finance and precious metals icon, Bill Holter.

The US Treasury curve is now more than 70% inverted. In the last 50 years of history, every time we have surpassed this threshold, a recession followed. We are now at 76% with the FED still hiking rates and doing QT. We are now in recession - so where to from here?

Global demand for silver is expected to rise 15% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the silver institute.

They predict a deficit of 194 million ounces this year, up from 48 million ounces in 2021. The amount of silver stored in vaults in London and New York has fallen by around 370 million ounces or 25% this year.

 How long can this continue before demand outstrips supply, and forces silver prices into the stratosphere?

 Peter Zollner, head of the banking department of the Bank for International Settlements, spoke at the global precious metals conference of the London Bullion Market Association just recently. He spoke very positively about the benefits of owning gold.

If it's good enough for the biggest central bank in the world to own gold, why wouldn't we follow their lead?

Governments and central banks all around the world continue to blame wars, climate change, and pandemics for the surge and inflation, never acknowledging their absolute mismanagement of the economy and ongoing debasement of fiat currency as the real contributor.

Bill Holter and Brian paint a very clear picture of the real cause of destructive inflation.

https://www.youtube.com/watch?v=7JSuMED9lt0

Monday Evening Chat with MarkZ 12-5-2022

Monday Evening News with MarkZ 12/05/2022

Some highlights by PDK-Not verbatim

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

Member: Good evening everyone! Hope all had a good day.

Member: Hoping Mark has an update on the dinar tonight

Member: I am very excited about todays news……..

MZ: “Parliamentary : Discussions and Dialogues to review the dollar exchange rate” This came out today- late in the banking day for them. They are wanting more dinar per dollar. Very positive things coming out of Iraq today.

MZ: The big talk today was “What is that rate going to be?” We do not know 100% for certain. All we know is it’s about to change.

Member: I think it will start as a trickle and turn into a flood!!!

MZ: I agree that this trickle will soon turn into a flood.

Member: Hi Markz it exciting to know we finally have something to get excited about

MZ: it was fairly quiet this afternoon….we have not seen any change in rates ….yet. But, If Iraq comes out at a float…then all bets are off. I am still being told to expect the contract rate and a full RV.

MZ: The latest rates we heard were as high as $4.80-$4.81 as a street rate……higher for those in the oil for Dinar program. Consider this all a rumor. Nobody knows until we get there…

Member and then of course if they float…….it may take a few days or so to get to 1 to 1 rate……then I bet it really shoots up.

MZ: I am being pressured to stop talking rates….so will do that soon. That day is coming and coming quickly. But for now…..still hearing about $2-$2.25 for the Vietnamese dong…..bankers still think I am a dollar or two low…..I hope they are right and I am wrong.

MZ: Still hearing about $1.47 for Indonisian Rupiah.

MZ: Still hearing $30-$50 million per each 100T Zim bond note. I have people very involved in the Zim exchange who have assured me this is a great one to have. That is why I bought some.

MZ: I have not heard anything on possible rates for the Bolivar yet.

Member: Is it possible that they are saying the dinar will float but that is disinfo? Could they just totally RV instead of float?

Member: At this point I think anything is possible.

MZ: It absolutely could be. That there is movement is the exciting part!

MZ: “Huge: Missing and Growing “ $65 trillion in dollar debt sparks concern”

MZ: “FX swap debt a $80 Trillion dollar “blind spot” global regulator says “  Global regulators looked and connot find $80 trillion in US dollars…..its out there somewhere. It’s almost like the whole world woke up today on Dec 5th and realized the money is not there.  It doesn’t exist…they make it up out of thin air. We are absolutely getting close to the implosion.

MZ: “Analysis: Saudi prince seeks Mideast leadership independence with Xi’s visit”  Saudi Arabia has made it very vocal they want to cut the apron strings from the west and join the world and the fasted growing block (BRICS) The US is going to have to make some massive changes if they want to stay at a prominent level in the world.  

Member: Mark, is the fact Iraq going down to 1160 the start of NEER? OR should we wait it out?

Member: I believe the NEER (Nominal Effective Exchange rate) rate is $1.60 US for each dinar……

Member: Could the Dong be a sleeper?  that will be biggly yuge

Member: I think the bolivar will be the sleeper

Member: I’m betting the Zim is the biggest sleeper.

Member: Knowing what happens with your money at the RV exchange is a mystery to me where the Money is held and secure .

Member: The money is like in a bank but its qfs and somewhere there is gold backing your money..imo

Member: with all the news coming out its obvious this is a when not an if..

Member: What’s your best guess for RV mark?

MZ: I am praying by 12-12 we have some kind of culmination of this event.

Member: (From Dinar Guru)  Walkingstick    [via Frank26]   [Walkingstick's Iraqi Bank partner/friend update]   BANK FRIEND:  It is no secret to any Iraqi citizen at all.  Any Iraqi citizen can come into our banks in Iraq or when we open our private banks and they will be able to see the training of the tellers...they see the new counting and sorting machines we have on our counters.  They know they are not for the dinar they are using right now.  It is for a currency that is new...they know the new ATM machines inside our banks and in the streets are still offline.  It is not secret.

MZ: I have not seen it in person , but was told you can look at the dispensing slot and tell it will not fit some of their old bills.

Member: a question cause I am new at RV and confused. When Mark says he thinks the dong will be around 2.25 does he mean that for every dong you get $2.25 American dollars?

Member: Yes…..thats exactly right

Member: Thanks Mark and mods…..what a great day. See everyone in the morning.

Mod:  GOOD NIGHT EVERYONE! STAY ENCOURAGED AND REMEMBER…GOD IS ALWAYS IN CONTROL! HAVE A BLESSED NIGHT!

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

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

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

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

https://www.youtube.com/watch?v=49Ru13ndblg

More News, Rumors and Opinions Monday Afternoon 12-5-2022

KTFA:

Clare:  Government official: The exchange rate of the dollar will decrease and its impact will be after a week

2022-12-05 

A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.

The official, who preferred not to mention his name and position, added that "the bank's decision came to reduce the gap between the central bank rate and the dollar price in the local markets or what is known as the black market," expecting "the dollar's decline to its previous levels, which were around 147 thousand dinars compared to 100 dinars." dollar".

Yesterday, Sunday, the Central Bank of Iraq decided to increase the share of banks, exchange and financial mediation companies from the dollar, in order to reduce the price of the dollar in the local markets, after its rise yesterday, Sunday, to more than 150 thousand dinars, compared to 100 dollars.

And the bank stopped 14 banks from entering the auction after the US sanctions that it imposed on these banks as a result of smuggling the currency.

It is noteworthy that the Central Bank sells dollars in an auction that it organizes daily to banks and mediation companies in order to finance foreign trade and finance the internal market in dollars, but many economists and politicians indicated the existence of corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions to that over the years. these years.  LINK

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Clare:  Association of Banks: Central Bank measures will return dollar prices to their rates quickly

12/05/2022

The Iraqi Private Banks Association announced, on Monday, that the Central Bank's measures to increase the supply of dollars through its approved outlets will lead to a return of exchange rates to their rates quickly.

"The economic and political conditions and their repercussions negatively affect stability in the monetary system and the financial system, and thus this will lead to economic instability and market confusion," the association's advisor, Samir Al-Nusairi, said in a statement.

Al-Nusairi added, "Several days ago, a new wave of criticism began from some media outlets affected by rumors launched and driven by speculators in the currency exchange market with the aim of creating a state of confusion and instability and trying to drag the money market into instability and thwarting the central bank's plans to control the target rates for the exchange rate." The exchange rate, which has remained stable since its adjustment to the new rates of finance, banks and the public.

He pointed out that "speculators took advantage of the decline in dollar sales in the window for selling foreign currency, which the central bank clarified in a statement last week that the reason is the application of a new electronic platform to control external transfers similar to the letters of guarantee platform currently implemented," noting that "given the lack of sufficient preparation For local banks, with the start of the trial application of the platform, part of the foreign transfers were postponed, which resulted in a decrease in the volume of sales of the foreign currency sale window.

And he emphasized that “another rumor is that the central bank will make a new change to the current price,” explaining that “the central bank has repeatedly announced that there is no intention to change the price at present and explained the negative effects of any change in the price on the national economy, trade exchanges, and local and foreign banking dealings with countries.” the scientist".

And he continued, “The exchange rate is determined by the central bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, and a structural and systematic imbalance in managing the economy and money. Monetary, but this cannot be achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income, and leaving the unilateral economy relying on oil as a main resource that constitutes 93% of the general budget revenues and 57% of the gross domestic product.

And he stressed that "those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly."  LINK

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Courtesy of Dinar Guru

Frank26  Article: "Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)"  THE CBI SAID THERE WILL BE GRADUAL DECREASES TO THE DOLLAR EXCHANGE RATE. 

Clare  Article: "Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)"  Quote: "The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the currency auction, in an attempt to restore the exchange rate to its previous state."

BRICS Secretly Created New Currency To Crash World Economy! - Peter Schiff

Mr. Blue:  12-5-2022

BRICS is planning a new world currency to replace the U.S Dollars. Is gold standard the new global currency, is this the end of U.S dollars ? China and its growing economy explained by Jim Rickards. China is doing something against the US dollars and how it will impact the US economy and stock markets.

https://www.youtube.com/watch?v=Ilvciw2Wdz0

ALERT! $5,000/oz Silver is COMING!! Just Have to END the Criminal Control of HUMANITY!!

(Bix Weir):  12-5-2022

99% of Silver Investors...including the "Professional Commodity Analysts & Brokers" are saying that Silver will rise over 50% in 2023!

HA! When the general public starts to buy silver they will quickly find out that Silver has turned into "Unobtainium!"...meaning they are shit out of luck at ANY PRICE! Don't wait. Buy your physical silver NOW and watch the action!!

https://www.youtube.com/watch?v=f-zhliskrSs