Economists Thoughts on The Fed, Japan, Yeild Curves, Global Bond Markets and more 12-20-2022

Two great economists debate inflation’s true causes, forecast 2023’s inflation - Hanke & Cochrane

Kitco News:  12-20-2022

Steve Hanke, Professor of Applied Economics at Johns Hopkins University joins John Cochrane, Senior Fellow at the Hoover Institution of Stanford University, in discussing the root causes of inflation, and how high inflation will likely be in 2023.

0:00 - Recession in 2023?

10:00 - Monetary vs fiscal theories of inflation

13:15 - Definition of inflation

18:51 - Liquidity trap

30:00 - Deficit and inflation

35:00 - Money supply and inflation

43:00 - Did the Fed act too slowly?

49:00 - Did lockdowns cause inflation?

52:00 - Putin Price Hike

53:42 - Outlook on inflation

1:04:00 - How to prevent inflation?

1:06:00 - Why does the Fed have 2% inflation target?

 1:08:00 – NAIRU

https://www.youtube.com/watch?v=Vq4zRZqK1vA

BANK OF JAPAN RATTLES THE GLOBAL BOND MARKET. Congress Pushes MASSIVE Spending Bill.

Greg Mannarino: 

https://www.youtube.com/watch?v=Xtc45BikoXo

Japan Makes Shocking Change To Yield Curve Control

George Gammon:  12-20-2022

https://www.youtube.com/watch?v=Jr9iiCAu6DE

More News, Rumors and Opinions Tuesday Afternoon 12-20-2022

KTFA:

Clare:  The Central Bank of Iraq launches a package of measures to improve the performance of transactions related to the dollar

December 20, 2022

Today, Monday, the Central Bank of Iraq announced a package of decisions that would return the foreign currency market to its normal position, as follows:

 1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.

2- Facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar ( Chinese yuan , the euro , the Emirati dirham , the Jordanian dinar, and others ).

3- Opening outlets for selling foreign currency in government banks to the public for travel purposes ( treatment , Hajj Umrah , study, etc. )

4- Reducing the selling price of the dollar to the beneficiary ( the card holder ) that he uses while traveling or paying his purchases via the Internet, to be at a price of ( 1465 ) dinars to the dollar instead of ( 1470 ) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of ( 1455 ) dinars to the dollar instead of ( 1460 ) dinars to the dollar.

Central Bank of Iraq
Media Office
19 - December - 2022

https://cbi.iq/news/view/2177

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Clare:  Sisi: Iraq's success is a success for all of us

2022-12-20

 Egyptian President Abdel Fattah Al-Sisi stressed, on Tuesday, that the success and stability of Iraq is a success for all countries in the region, stressing his belief in the ability of Iraqis to advance their country.

Al-Sisi said in a speech during the second Baghdad Conference for Cooperation and Partnership held in Jordan, "Our meeting comes today while we are witnessing remarkable improvement and progress achieved by Iraq and the Iraqis, and I congratulate Prime Minister Muhammad Shia'a Al-Sudani on forming his government, and I congratulate the Iraqis on what has been achieved."

He added, "The convening of our summit today bears an important political significance and indicates a sincere desire to move to a new stage of partnership by strengthening work between Iraq, Egypt, Jordan, or others."

Al-Sisi considered that holding the summit "represents an opportunity to discover new horizons in support of stability, face challenges related to international events, and secure food, health and energy security."

The Egyptian President added, "Iraq has faced, over many years, many terrorist organizations and foreign interference, which has burdened the Iraqis, and its impact has extended to the countries of the region."

And Al-Sisi added, "Egypt highly values ​​the valiant sacrifices made by the Iraqis against terrorism and the elimination of its dark projects."

He said, "I do not fail to stress the assistance of the Iraqi state in the field of reconstruction and urban renaissance, and I reaffirm Egypt's full support for these international efforts that contribute to consolidating the concept of a safe and stable homeland. The success of Iraq is a success for all of us."

He added, "Within a framework of frankness, these goals will not be achieved unless sectarianism and reactionary ideas are overcome, and openness is made to everyone of different religions and sects."

"We renew our commitment to international conventions, foremost of which are good neighbourliness, non-interference in internal affairs, non-aggression, and the cessation of imposing a fait accompli policy," Sisi said.

He stressed that "Egypt rejects any foreign interference in Iraq's affairs and supports Iraq's progress and protection of its institutions, and this will reflect on the security of other countries, and out of faith from Egypt, we have participated with Jordan to establish the tripartite alliance between Iraq, Egypt and Jordan to achieve what secures a stable life for the people."

Al-Sisi concluded by saying, "I turn to the people of Iraq by saying: O great people of Mesopotamia, I believe that you are capable of advancing your country, with full certainty that your pluralism and potential will allow you to overcome obstacles, whatever they may be. ".   LINK

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Courtesy of Dinar Guru

Frank26   Article:  "New App allows Iraqis to trade US-Listed Stocks"   INTERNATIONAL PLATFORM FROM THE CBI TO REMOVE THE BLUES OF THE CITIZENS...behold...an app for the Iraqi citizens...so they can move currency in and out of their country and so they can buy stocks listed outside of their country.  If you don't understand this you don't belong in this investment...How come they haven't been able to do that for the last 20 years?  Because they've been on a program rate...I'm sorry anybody that tells you the Iraqi dinars are not going up in value is simply ignorant...this is not for a program rate.  This is for a powerful currency. 

CharlieOK  The [Vietnam] dong traded at over 2 bucks in the '50s.  If there is any country that should try to force an RV before another, it should be VN.  Stable country with a manufacturing base and lots of natural resources... The country of VN was involved in warfare from the latter '50s through the early '70s. Since then, VN has rebuilt the country with a diversified economy. It has natural resources and has a manufacturing base. Actually, VN shows what a fiasco Iraq now is. Even so, it appears that what we hope for might just be upon us...

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TNT:

Carlosisan:  GM TNT Fam. Well, it's 5 days till Christmas. I wonder if Santa will bring the RV like they promise or will I get another bag of coal this year?

MuddyRiver: 1460.24 on forex. No change as of yet.

GPCobb:  muddyrivers, what they let us see on FX may or may not be real,,,,,,,,,

Yada:  GP Cobb.Agreed

GPCobb:  19 December 20, 2022 TNT Call Notes per Tony: ‘They have a rate that is NOT released to Forex; We can’t see it -- it is NOT released. If it’s an RV rate it has to be exposed -- if it is an open rate -- -- Forex does NOT have to share that with any banks”, TNT call notes Monday 19th

Bushog:  Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on loans and mortgages and incorrectly applying overdraft fees.

(Alert) Banks Are In Trouble, The Expanding Money Supply, Much Higher Inflation, Economic FREEFALL.

Greg Mannarino:  12-19-2022

https://www.youtube.com/watch?v=xrjt8dh_lgI

SILVER ALERT! Clif High's Silver "Dollar Days" are HERE!!

 (Bix Weir) 12-20-2022

Silver was up a whole dollar at the time I recorded this video...I wonder if we are now coming into Clif High's "Dollar Days" where silver jumps in dollars rather than pennies! Can't wait for the $5/day moves that are NOT FAR OFF!!

https://www.youtube.com/watch?v=I1sIZybW434

" In the End the Dollar Goes to Zero and Defaults" Egon Von Greyerz

This article was mention on the MarkZ Stream Monday 12-19-2022

Von Greyerz: In The End The Dollar Goes To Zero & The US Defaults

by Tyler Durden Saturday, Dec 03, 2022 - 12:30 PM

Authored by Egon von Greyerz via GoldSwitzerland.com,

With US and Global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world.

Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about 3rd century Rome, 18th century France or 20th century Weimar Republic and many many more.

So here we are again, another monetary era and another guaranteed collapse as von Mises said:

“There is no means of avoiding the final collapse of a boom brought about by credit expansion”

This disastrous borrowed prosperity, with ZERO ability to repay the surging debt,  will lead to one of the three consequences below:

1. THE US$ GOES TO ZERO

2. A US DEFAULT

3. BOTH OF THE ABOVE

The most likely outcome is number 3 in my view. The dollar will go to ZERO and the US will default. The same will happen to most countries.

I outline the consequences for the world at the end of his article.

Many people say that the US can never default. That is of course absolute nonsense.

If a country prints worthless debt that nobody will buy in a currency that no one wants to hold, the country has definitely defaulted whatever spin they put on it.

In the next few years, not just US but all sovereign debt will only have one buyer which is the country that issues the debt. And every time a sovereign state buys its own debt, it has to issue more worthless debt that nobody will touch with a barge pole.

Printing more money to pay for previous sins has never worked and never will.

And this is how money dies, just like it has throughout history.

The current monetary era started with the foundation of the Fed in 1913 and the acceleration of debt and currency debasement since 1971 when Nixon closed the gold window. With just over 100 years into this era, it is now approaching the end, like they all do.

Global currencies are already down 97-99% since 1971 and we can now expect the final 1-3% decline for all money to become virtually worthless. This is of course nothing new in history since every single currency has always gone to ZERO. We must of course remember that the final 1-3% move means a 100% fall from today. The final collapse is always the quickest.

Read full post here:   https://www.zerohedge.com/markets/von-greyerz-end-dollar-goes-zero-us-defaults

"Tidbits From TNT" Tuesday Morning 12-20-2022

TNT:

Candykisses:  Shiite-Kurdish agreement to pass oil and gas law

Baghdad, Iraq Today:

Patriotic Union of Kurdistan (PUK) MP Nermin Maarouf revealed the formation of a joint committee between the Baghdad and Erbil government to prepare a draft oil and gas law.

Maarouf said in a press interview that "the current discussions, according to the agreement between Baghdad and Erbil, are taking place to legislate the oil and gas law while resolving differences and outstanding issues between the region and the center."

She added that "the agreement concluded between the political forces stipulates the legislation of the oil and gas law within a period of 6 months from the age of the formation of the government."

She pointed out that "the adoption of the law within the House of Representatives will contribute to solving the problems between Baghdad and Erbil," pointing out that "the oil and gas law has political dimensions, as it is linked to relations between the Baghdad government and the Kurdistan Regional Government."

CandyKisses:  :  Sudani Arrives In Jordan To Attend Baghdad Summit

On Tuesday, Prime Minister Mohammed Shia al-Sudani arrived in the Jordanian capital Amman to attend the Baghdad summit.

The media office of the Sudanese in a statement received by Earth News, that "took place this morning at Queen Alia Airport in the Jordanian capital Amman an official reception ceremony for Prime Minister Mohammed Shia Sudani."

The statement continued, "At the official reception of Sudani, Crown Prince of the Hashemite Kingdom of Jordan Prince Hussein bin Abdullah II, where the ceremony witnessed the playing of the national anthems of Iraq and Jordan, and the parade of the honor guard, according to the statement.

According to the statement, Al-Sudani is heading a high-level government delegation to participate in the second Baghdad Summit for Cooperation and Partnership, hosted by Jordan. During the summit, they will discuss bilateral relations with the leaders of the participating countries, mechanisms of cooperation and partnership in facing the current economic, security and climate challenges, and achieving integration with the countries of the region in the service aspect and economic partnership, in a way that enhances the security and stability of the region.

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Tishwash:  The full text of Al-Sudani's speech at the second Baghdad conference in the Jordanian capital

Today, Tuesday, Prime Minister Muhammad Shia' al-Sudani called on the countries participating in the second Baghdad Summit in the Jordanian capital, Amman, to cooperate with Iraq regarding recovering its smuggled funds, while stressing work to find solutions to the water crisis with Turkey and Iran.

This is the text of the  most important things that came in the speech of the Prime Minister, Muhammad Shia’ al-Sudani, during the second Baghdad conference:


We meet today in Amman with the hope that we will move towards strengthening the process of relations between our countries in various fields, and developing their pace in a way that contributes to establishing the foundations of stability and development in the region, and opens The field is wide for means of dialogue and discussion to exchange views and deepen concepts.

- The idea of ​​establishing the Baghdad conference stems from Iraq's desire to establish and strengthen the bases of cooperation and partnership between it and the countries of its geographical and regional neighbors, in addition to friendly countries.

- Our government adopts an open approach aimed at building regional and international partnerships based on common interests, including the establishment of complementary strategic projects to link Iraq with its regional environment.

 - We see that the priority now lies in strengthening the bonds of cooperation and partnership between our countries through interdependence in infrastructure, economic integration, and mutual investments that strengthen the bonds of brotherhood and friendship between our countries and peoples.

- We seek to work together to transform into industrialized countries, through the establishment of joint industrial zones, which enhance our joint industrial capacity, and link value-added chains for each of us, within an integrated chain capable of competing in global markets; Launching giant projects in various sectors.

- It is necessary to focus on the service sector and its development, considering it one of the most important engines of the economy in our countries and our region. In addition to addressing the problem of unemployment through developing the productive private sector, improving working conditions in it, and providing guarantees for workers.

- On the internal level, we have put the fight against financial and administrative corruption at the center of our priorities, and we have practically started the anti-corruption campaign, starting from the highest levels, and we ask brotherly and friendly countries to help us recover the looted and smuggled funds of Iraq and hand over the wanted persons who take these countries as their place of residence.

- Our government is working hard to improve the investment environment in Iraq, in terms of legislation, procedures and guarantees, to enable investors to enter our markets and benefit from the great opportunities in them.

- The appropriate investment environment needs to establish security, and we have achieved security stability in Iraq after the great victories over the remnants of terrorism and takfiri groups, and I do not fail here to pay tribute to the pure blood and sacrifices made by our armed forces, in self-defense, the region and the world.

 - We must all continue to work together and unite to combat extremist ideology in all its forms, and put in place real mechanisms and programs to expose the malicious intentions of terrorists who recruit young people with their destructive ideas.

- Iraq faces an existential threat due to water scarcity, and we are determined to work hard with our neighbors in the Republic of Turkey and the Islamic Republic of Iran to ensure our water security, and to reach the best ways for joint management of transboundary water resources, and to reach our water share in accordance with international agreements and laws.

 - In parallel with that, we started taking practical steps to promote the use of modern irrigation systems and stop wasting water in storage and agriculture.

- We consider environmental pollution - in the air, water and soil - as one of the most important risks to the future of our people, especially in the southern regions, and we have begun serious work to address the burning of associated gas in the oil fields.

We call on international companies to invest in this field in order to transform the use of this important source of energy for the purposes of electricity generation, in an effort to achieve self-sufficiency in the use of gas to generate electricity in the medium term, and to reduce greenhouse gas emissions and global warming.

- Iraq is committed to building balanced cooperative relations with all regional and international partners, and it distances itself from alignments of axes and an atmosphere of escalation, and seeks a policy of calm and reducing tensions; At the same time, it refuses to interfere in its internal affairs, violate its sovereignty, or attack its lands.

- The principle of force cannot be adopted in efforts to resolve disputes or disagreements. We do not allow this principle to be used against Iraq, and we do not accept any threat from Iraq against any of the neighboring countries or the region.

Our duty is to adopt dialogue and understanding to solve our problems, and build on what brings us together to open horizons towards establishing comprehensive regional partnerships, maximizing dependence between our countries, and establishing stability and prosperity in the region.  

- Iraq seeks to be a sponsor of communication and dialogue, as a basic way to resolve differences, with the aim of calming the atmosphere and bringing the views of the parties closer, and has strengthened its diplomatic efforts to defuse crises in the region.  link

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Tishwash:  The imbalance of the dinar and the toman against the dollar caused a loss of 80% of Sulaymaniyah merchants

Specialists in the field of financial transactions in Sulaymaniyah Governorate confirmed today, Tuesday, that 80% of the currency dealers in the province incurred losses due to the instability of the price of the Iranian "Toman" and the Iraqi dinar against the foreign currency, "the dollar"

The financial expert, Shwan Muhammad, told Shafaq News agency that the instability of the Iranian "toman" price against the foreign currency "dollar" is due to the instability of the positions of the Islamic Republic of Iran in its negotiations with the United States of America, stressing that Iran's instability in those negotiations negatively affected the reality of the Iranian currency. In global markets, it was also reflected in the economic reality of Iranian citizens and everyone who deals in the Iranian currency.

Shwan pointed out that the value of the Iranian “toman” declined today by 6.5 points compared to yesterday, as the price of (100) US dollars yesterday amounted to (3.925) million Iranian “tomans.” Today, the “toman” decreased against the dollar to reach a value of (100). Dollars to (3.980) million "tomans".

As for the situation of the Iraqi dinar against the US dollar, Schwan indicated that the situation of the dinar suffers from a clear fluctuation against the US dollar, and this is due to the economic policy of the Iraqi government and the smuggling of about 60% of the dollar out of the country, which is pumped by the Central Bank of Iraq to the markets through commercial banks in Iraq.

He explained that all the steps that the Iraqi government intends to follow in the face of the instability of the value of the local currency against the foreign currency will not succeed if the transactions of private banks that take dollars from the Central Bank of Iraq are controlled.

Regarding the repercussions of the instability of the price of the Toman and the dinar in financial transactions, Shwan confirmed that 80% of the currency dealers in Sulaymaniyah were affected by that situation and incurred great losses.  link

Mot:  . ooooh Deeer - the Stress of the Season! ~~~~

Mot: Why Christmas Pets are so much Fun - Already Broken in they is! 

News, Rumors and Opinions Tuesday AM 12-20-2022

RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 20 Dec. 2022

Compiled Tues. 20 Dec. 2022 12:01am EST by Judy Byington

Global Currency Reset:

On Tues. 13 Dec. the Golden Dragon Bonds Trust deposited monies in a Quantum Financial System Account and some Bond Holders received emails with access codes for full access to their funds.

Thurs. 15 Dec. “The RV has silently started here in Australia.” …Capt. Kyle Patriots

Thurs. 15 Dec. Bruce: “Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated very soon and assured us that we would have our appointments and exchanges not only set, but completed before Christmas.”

Fri. evening 16 Dec. MarkZ: “I had a DHS contact tell me they are very upbeat about fines and penalties (from settlements, CMKX, PP’s) start next week. Settlements means we are about to be paid….Some of the Bond values are considerably high.”

Sat. 17 Dec. 2022 6:52 am) – Simon Parkes to Charlie Ward: “All currency test runs completed, led by HSBC (the Hong Kong and Shanghai Banking Corporation). US on full alert for redemption process. Temple Texas (not Reno) to start it.”

Sun. 18 Dec. 2022 Shiela: “In the Middle East they are having Cross Border payment transfers and the exchange rates pretty much around the globe now. It’s starting to unwind…There was a meeting on Thanksgiving Day that was a big change.Things are moving. https://dinaresgurus.blogspot.com/2022/12/dinarland-highlights-18-dec.html

Mon. 19 Dec. MarkZ: “Over the weekend they started Historic Bond processing in Europe.”

All US fiat currency has to be turned in to exchange for the new US gold-backed notes by 31 Jan. 2023. …Simon Parkes

Read full post here:    https://dinarchronicles.com/2022/12/20/restored-republic-via-a-gcr-update-as-of-december-20-2022/

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Courtesy of Dinar Guru

Walkingstick  [via Frank26]  China is going to accept the IQD as a form of payment in the very near future...this is going to be great for the float...

Militia Man  Article:  "Parliamentary Integrity: The amount looted in the theft of the century amounts to 8 trillion dinars"  This crime is of epic proportions. The amount of theft is staggering and underway to be prosecuted at apparently the highest levels in previous government...It will have an affect in supporting the value of the Iraqi Dinar..ioo

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Jared Rand Conference Call 9/14/2022 Excerpts:

-) Jared stated that NEARA/GESARA is supposed to be “Announced” this month, which the statement publicly will turn it into the law of the land.

-) It will not be too long after that the “Gold Standard” will be announced!!

-) Then the private “R/V GCR” to fund the humanitarians & create balance throughout the world with re-evaluations of currencies.

Source: Operation Disclosure Official

https://dinarchronicles.com/2022/12/15/jared-rand-excerpt-from-earth-alliance-and-patriot-news-for-december-15-2022/

AGAINST THE US! BRICS calls on other countries to stop using the dollar!

Deepin Moments:  12-20-2022

The BRICS countries currently include Brazil, Russia, India, China and South Africa, which is also the basic structure of BRICS countries.

With the globalization of the world economy, and the economic rise of the two BRICS countries, China and India, also let the world's medium-sized countries have seen the win-win prospects of cooperation with China and India.

 In response, a number of countries wish to join this economic union, including Argentina, Algeria, Iran and, according to the Russian Foreign Ministry, Indonesia, Turkey, Saudi Arabia and Egypt. Of course with the Russian foreign minister's revelation, it is clear that there will be more countries seeking to join BRICS.

https://www.youtube.com/watch?v=sRNMyShJ8Uc

CRACKS IN THE DEBT-HYPERBUBBLE ARE GETTING LARGER... Important Updates.

Greg Mannarino:  12-19-2022

https://www.youtube.com/watch?v=Qio3BweODlk

More News, Rumors and Opinions Monday Evening 12-19-2022

KTFA:

Henig:  Vietnamese News

Việt Nam - ROK relations to blossom in the next century

December, 18/2022

As the US opened the golden age of Pax Americana in the previous century, the next era would come a period of Pax Asiana, of which Việt Nam and ROK would take the centre stage.

HÀ NỘI — Việt Nam and the Republic of Korea (RoK) have made remarkable progress in cooperation in various fields over the past 30 years, according to Nguyễn Đức Hải, vice chairman of the National Assembly.

Hải was speaking at the 'Korea - Vietnam Economic Cooperation Forum 2022' on Friday.

He said RoK remained Việt Nam's largest partner in foreign direct investment (FDI), the second in official development assistance, and the third in trade. Meanwhile, Việt Nam has positioned itself as the largest economic partner of RoK among ASEAN countries.

By late October, RoK has initiated over 9,400 projects in the country, equivalent to more than US$81 billion of registered capital.

"Việt Nam will create a more favorable investment climate to draw in more foreign investors, especially RoK investors," said Hải.

Trần Duy Đông, Deputy Minister of Industry and Trade, underlined RoK investment as a driving force behind economic restructuring in Việt Nam. Over the past three decades, the destination of investment has shifted from labour-intensive industries to high-tech and high-value-added industries.

"Accumulated RoK investment in Việt Nam and bilateral trade are aimed to reach $100 billion each by 2025," said Đông.

The deputy minister called on RoK enterprises to give investment priority to certain fields, including digital transformation, biology technology, and clean energy, to help Việt Nam move one step closer to its development goals in the short term.

Vũ Tiến Lộc, chairman of the Vietnam - Korea Friendship Association (VIKOFA), said RoK enterprises have made a great contribution to Việt Nam's economic growth by creating jobs and promoting 'made in Vietnam' products globally.

However, more effort is still needed to upgrade RoK investment in the country, laying the groundwork for the deep involvement of Vietnamese small- and medium-sized enterprises in RoK's global supply chains.

"The miracle on the Han River in RoK is an inspiration for the miracle on the Hồng River in Việt Nam in the years to come," said Lộc.

He also said that the next wave of RoK investment in the country should be based on three pillars - innovation, environmental friendliness, and close ties with local enterprises. Without the pillars, ROK enterprises would not be able to take root locally.

Jeong Man-ki, vice chairman of the Korea International Trade Association, revealed that the minimum wage in Việt Nam is ranked 5th in the ASEAN region and is rising rapidly.

He anticipated that in the future, Việt Nam would face stiffer competition from other countries in this regard. One of the major competitors is Indonesia, which saw its FDI in 2022 grow by 40 per cent year-on-year.

"Minimum wage in RoK was 72 times higher than that in Việt Nam in 2009. Now the proportion is seven to one," said Man-ki.

The vice chairman urged Việt Nam to improve its investment environment by introducing favourable policies for companies willing to relocate their factories to the country and by avoiding double taxation.

Bùi Quang Tuấn, director of the Vietnam Economic Institute, remarked that bilateral trade is growing steadily, yet skewed in favour of the RoK. Remarkably, Việt Nam was facing an accumulated trade deficit of $32.8 billion with RoK in 2021.

"RoK should import more Vietnamese goods to improve Việt Nam's balance of trade," said Tuấn.

The director underlined low competitiveness, low productivity, and low level of involvement in global supply chains as the disadvantages that Việt Nam needs to overcome to gain ground internationally.

Member of the National Assembly of South Korea Hong Sung Kook was concerned that in Việt Nam the proportion of the digital sector to the economy is outweighed by that of the realty sector.

"It is not easy for foreign investors to engage in the realty sector," said Kook.

He urged Vietnamese enterprises to embrace green growth to be able to improve their involvement in global supply chains, which have been moving toward sustainable development.

Choi Joo Ho, CEO of Samsung Vietnam, revealed that Samsung Vietnam had drawn up a plan to support local component suppliers in the medium- and long-term.

From 2015 to 2021, the corporation dispatched specialists to 400 suppliers to help them improve their competitive advantages and output capacity. Between 2018 and 2021, the corporation proceeded to help them enhance their human resources.

"Thanks to the support, the suppliers saw its output rise by 40 per cent, its errors fall by 50 per cent, and its unsold inventory drop by 36.4 per cent," said Ho.

From 2022 onwards, the corporation will support them in building smart factories and improving their positions in Samsung's supply chains.

Ko Sang Goo, deputy chairman of VIKOFA, asserted that the influence of the two countries will go beyond Asian borders to become global in the next 30 years.

He said the Roman Empire opened a golden age of Pax Romana in ancient times; the US Pax Americana in the previous century. He believed that the next era would come a period of Pax Asiana, of which Việt Nam and RoK would take the centre stage.

"The two countries will make history in the next 100 years," said Goo. — VNS    LINK

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Henig:  Việt Nam faces both opportunities and challenges amid changes in global FDI flow

December, 19/2022

Deputy Director of the Việt Nam Institute of Economics Lê Xuân Sang spoke to Vietnam News Agency about the opportunities and challenges facing Việt Nam in attracting foreign direct investment (FDI).

For the first time, Việt Nam is among the top 20 countries attracting the most foreign direct investment (FDI) capital in the world, according to World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD).

Deputy Director of the Việt Nam Institute of Economics Lê Xuân Sang spoke to Vietnam News Agency about the opportunities and challenges facing Việt Nam in attracting foreign direct investment (FDI).

Seeing the country’s advantages, investors are placing trust in Việt Nam as part of the global supply chain. In the context of the COVID-19 pandemic and the shift of global supply chains, is there a trend of shifting the flow of foreign investment?

In recent years, the trend of FDI capital flow has changed significantly. Under the influence of important global factors, the US-China trade war, the COVID-19 pandemic, and the energy crisis, especially the conflict between Russia and Ukraine, global FDI flow has been changing a lot.

First of all, FDI has also changed slightly in quantity, FDI mainly inflows into sustainable development areas like renewable energy and green growth FDI projects.

The second group that is also quite important and has taken over recently is the digital economy.

It can be seen that the trend of FDI towards sustainable development has been formed before.

However, under the impact of climate change as well as the conflict between Russia and Ukraine, this trend may face difficulties and become increasingly impacted from 2022.

In addition, FDI in the field of sustainable development also has unfavourable trends. For example, with FDI projects on wind power, when finished, the electricity is too weak. Other projects such as solar power are affected by insufficient sunlight.

The conflict between Russia and Ukraine has made this worse and many countries have had to switch from renewable energy to coal, which is harmful to the environment.

Regarding the digital economy group, the COVID-19 pandemic has had a far-reaching impact on this sector.

The US-China trade dispute as well as the impacts of the recent COVID pandemic also caused supply chain disruptions, especially related to the semiconductor chip sector.

Businesses move from global trends to repositioning investment positions, moving to the consuming markets, the electronics sector to the US and Europe (EU).

In terms of territories, Asia-Pacific remains the largest FDI recipient region and India has surpassed China to become the largest FDI recipient for the first time. Because China has suffered a negative impact from the COVID-19 pandemic and maintains a zero COVID strategy, the disruption of the global supply chain has aggravated the problem, causing low FDI attraction.

What do you think about the opportunities and challenges of Việt Nam in attracting investment flow?

Before looking at the opportunities and challenges, we must know that there are main driving forces that make FDI flow into a country. The first driving force is FDI capital goes to improve investment efficiency as domestic conditions are no longer effective. The second driving force is to exploit the existing market. The third is to exploit resources or get strategic assets. FDI in Việt Nam belongs to the first two types.

Việt Nam with a population of more than 92 million has a relatively young population. It is the only country with a large population participating in 16 Free Trade Agreements (FTAs). This helps to attract FDI into the country, and at the same time, investors can dominate the global market, especially under the positive impact of the new generation FTAs.

Việt Nam mainly has relatively cheap labour and real estate, which create many favourable conditions for foreign investment. Besides, Việt Nam's political and economic environment and geo-economic position are quite favourable.

Việt Nam is located in the dynamic Asia-Pacific region, close to the large Chinese market and especially the logistics transport is not interrupted.

In the short term, the advantages for Việt Nam to attract FDI are still cheap labour and land rent. But in the long term, it has disadvantages including insufficient infrastructure compared with other countries in the region, and the quality of human resources remains low, especially for domestic enterprises. Additionally, its supporting industry is not developed enough for FDI enterprises to improve efficiency as well as increase initiative when economic shocks or regional/global geopolitical conflicts happen.

Many experts believe that the connection between domestic and foreign enterprises in Việt Nam is still limited. Currently, few Vietnamese enterprises can participate in the global value chain. In your opinion, what is the solution?

A shortcoming is that domestic enterprises are still weak in meeting the needs of FDI enterprises. The first weakness is uncompetitive price, the second weakness is that quality is not high and the third is the ability to deliver on time. In addition, Việt Nam's supporting industry is still weak.

Finally, Việt Nam has not yet designed groups of policies and mechanisms to promote linkages between domestic enterprises and FDI enterprises.

How do we adjust policies to attract foreign investment?

The fundamental adjustment is what Việt Nam has done but it has not worked effectively. We need policies to improve the quality of human resources. Many localities with good-quality human resources will help attract FDI. VNS   LINK

Courtesy of Dinar Guru

Frank26   IMO We should get our own personal insurance.  We should get our own insurance agents and buy insurance policies for the amount of money we have in the bank.  Because FDIC is not for an American citizen.  It is for the banks protection from American citizens...

Pimpy   They're doing what they can to combat what's going on [Iraqi dinar rate falling]...it's very interesting what we're seeing going on.  The fact they still have over 90 billion in foreign currency assets is awesome and it's continuing to climb.  The fact that they still have doubled their gold reserves is awesome.  That's a great thing.  These are the things that are needed to protect the Iraqi dinar.  But they're not the only steps.

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

SANCTIONS INVALID! Russia's Exports to Europe Soar by 50% As Western Sanctions Fail Completely.

Deepin Moments:  12-19-2022

Putin made an important speech at the recent meeting of the Russian Council for Strategic Development and National Projects, which put forward many of Putin's views. Firstly, Putin will look for partners in Asia, the Middle East, Latin America and Africa.

WHAT DOES THIS MEAN? He will look for promising partners in the rapidly developing regions of the world economy and will redirect Russia's energy supplies to the markets of friendly countries.

This is in fact the basic tone that Putin has set for the future development of the country's economy. Putin recalled that in 2022, in the first nine months, Russian exports of key goods to Europe increased by 50%. It didn't decrease, it increased by 50% to $138 billion.

https://www.youtube.com/watch?v=IScIeG9Wn2E

Thoughts From DJ: "PPP's and Trade Platforms" 12-1-8-2022

DJ:   DID YOU KNOW?

You hear about PPP’s , or Private Placement Programs/Trade Platforms but what are they, how do they work and are they real? In short they are real but not in the way they are often described.

PPPs were first developed in the 1930’s by the U.S. and Switzerland following the global recession as a means to create working capital. Then were no longer used and remained in the books of economic history, before regaining interest in 1944 after the second World War.

They were an attractive alternative to obtain Non-refundable funds for humanitarian projects generally focusing on infrastructure development. Which after the second World War, was drastically needed to rebuild the war torn countries.

PPPs’ are secure because they are carried out as arbitrage, that is to say that the purchase / resale of financial instruments is carried out immediately with predefined prices.

They are often described as “risk-free” investments where one prime bank issues discounted financial instruments (such as MTNs -medium-term notes, SBLCs- Standby Letters of Credit, or BGs – Bank Guarantees and other similar instruments) to a purchaser at another prime bank who has committed to purchase the notes at an agreed-upon price.

The “purchaser” is generally several banks. They are most often used in international commerce where a seller might be unsure about a buyer’s ability to pay for goods received. One way to overcome this impasse is to utilize a SBLC or BG.

Supposedly, the purchasing bank needs a large deposit from a new client to create the line of credit that will be used for the purchase. The deposit is placed in a “blocked “ account and held untouched by the bank until the transaction has been completed. An SBLC or BG is simply a promise to pay on the part of the bank involved in the transaction.

Banks get themselves over-leveraged, where they loan out more funds than they have reserves. (Banking laws require banks to carry a certain reserve to loan ration) In order to re-capitalize their reserve ratio, to loan out more money, they sell their financial instruments at a discounted price. While other banks have too much capital and need to invest in negotiable financial instruments. It’s a balancing act.

At the end of the day it has become a huge shell game and a lot of global financial hocus-pocus and a manipulation of the global money supply. It is this type of activity that has thrown the global financial systems into chaos.

The fix-its are things like Basel accords 3, 4 and now 5, QFS (Quantum Financial System) , GCR/RV (asset backed currencies) , Historic Bond Redemption ( releasing the gold, silver, and land values they represent)

Remember it’s all theory…… Until it’s not !   DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=213505

"Coffee With MarkZ" Monday Morning Chat "Bond News" 12-19-2022

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

MarkZ Monday Update- Some highlights by PDK-Not verbatim

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

Member: Good morning everyone…another week of huge possibilities.

Member: We are in the most historic time ever!

Member: It is not an IF it is a WHEN…. Just praying WHEN is this week!!!

MZ: I am with you on that.

Member: Lung Tzing U Hi Chinese Bond, Circa 1912 was the Thumbnail. They are also called Super Petchilies. They are so pretty.

MZ: I have a big week this week……no podcasts scheduled in the evening this week and I will be traveling tomorrow so the next scheduled podcast will be Wednesday morning…..stateside.

MZ:  There is next to no news coming out of Iraq.

MZ: Have confirmation s coming out from Bond folks in Europe that they have indeed started the process over the weekend …What that means for our timing I don’t yet know.……..Still waiting for confirmations from Asia. 

MZ: What I am hearing from multiple sources is that they gave them 1% of the real amount (not a resell amount)  for historic bonds. For many of these whales it is in the trillions of dollars.

MZ: This is pretty exciting that bonds are moving forward….I am trying to get confirmations from Hong Kong for a better idea on timing.

MZ: Banks and redemption centers were dead silent over the weekend. I could talk to them but there was no information to share. Hopefully we will hear something today.

MZ: . If I hear anything fun- I will record a video and put it out. I will not be doing any scheduled evening podcasts this week. Only as time dictates.

Member: : Rich bound holders are huge and in a different Bracket, the rich get richer….

Member: But, We go shortly after …..so it’s a win/win that Bonds are moving

Member: I thought bods did not get liquid until tier 4b got notifications?

MZ: Historically – They were supposed to get paid on historic bonds, Fines and penalties (F&P’s) and all of those things before the revaluation and the reset. Could they have changed this a little bit? Yes.

MZ: Based on what I am hearing out of bond groups…..they are getting a percentage now…and then get the balance in gold backed dollars……I think they are going to do it that way because they want to know that things are moving and no country is going to renege on their responsibilities financially on the historic bonds…..so I think…based on what I am seeing play out and all the chatter …that this is how they are going to handle it….

Member: There is a rumor in Iraq that they are trying to overthrow Sudani….

MZ: They are frustrated because Sudani made promises that one of the first things he would do is change the value. ….I think its more likely that Sudani would overthrow the sitting ministers at the CBI …if they don’t move forward…..based on what I hear from my folks over there……

MZ: “Central Banks bought 400 tonnes of gold is Q3. Is this really a hidden message for investors?” This is what the bought “on the books” ….This is what is reported…so we know there is quite a bit “off the books “ that was also purchased and not from the normal gold exchanges…If gold is bought from private individuals or from the mines….we don’t hear about it.

MZ: We do know that 300 tons went to China Specifically. This is huge…..what do the central banks know…that those who are not awake don’t know??? The folks still asleep don’t have a clue but we can read the signs.

MZ: “In the end the dollar goes to Zero and the US defaults. “ This is a good one I want to share again…Back to the fundamentals. They need something tangible …There is no way to avaid the final collapse of the boom brought on by credit expansion. This is a fantastic read and It goes into the history and how everytime we have tried fiat and debt bubbles ….it collapses and they have to come up with a new commodity based money…...

MZ:  https://www.zerohedge.com/markets/von-greyerz-end-dollar-goes-zero-us-defaults

MZ: if it is backed by commodities or actual assets it is money…..if it is fiat and backed by nothing it is currency. Currency is kinda like a electrical current…..it it breaks anywhere….the whole thing comes to an end. This is unlike a asset backed money where you still have the asset so is doesn’t break….The negative of asset backed is liquidity but there are ways to work around that. .

Member: It is time for the white hats to get off the pot and pull the trigger on go time

Member: Simon Parkes is saying "All is ready". HSBC will be lead bank. Redemption alert will come from Temple, Tx not Reno.

Member: I hear Indictements are unsealing and arrests are going down!!

Member: Kim Clement said that the fall would be in the fall.....which ends in 2 days

Member: The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper.

Member: I wonder if this impending Frozen Wasteland during Christmas is a coincidence.....?

Member: ​It would be amazing if our wishes come true by Christmas morning.

Member: Looks like a snowstorm coming for most of us..Can you say "White Christmas"

Member: Do you all still believe the RV will go before Christmas?

Member: Hoping Praying and wishing…….

Member: I heard the RV / GESARA was by the end of the year, not necessarily b4 Christmas

Member: Mark-Safe travels for you this week!

Member:  Mark, thank you for your ever measured analysis that helps me stay grounded and manage my expectations.

Member: Merry Christmas Markz….Have safe travels.

Member: Safe and Easy travels for you tomorrow, Mark! Wishing you a Joyful family reunion to hug, laugh and love your loved ones.

Mod: MAY THE TEARS YOU CRIED IN 2022 WATER THE SEEDS YOU'RE PLANTING IN 2023! AMEN!

Member: Hang in there everyone….big things are ready to break!!!

“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/

Mod:  GUYS > No Evening podcasts this week, also no podcast at all on Tuesday, due to Mark's holiday travel. Will be back live on Wednesday Dec. 21 Normal time 10:00 AM EST.

JOIN MARKZ DURING THE NEXT REGULAR PODCAST WEDNESDAY MORNING AT 10 AM EST.

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=IhCqxxIDq6Q

"Tidbits From TNT" Monday AM 12-19-2022

TNT:

Tishwash:  18 deputies call for holding an extraordinary session to discuss the rise in the price of the dollar (document)

A number of deputies demanded, on Monday, to hold an extraordinary session to discuss the rise in the exchange rate of the dollar and its impact on citizens.

According to a document obtained by {Euphrates News} that, "18 deputies called for holding an extraordinary session to discuss the high exchange rate of the dollar and its negative impact on the lives of citizens."   link

Maggie:  I heard the same thing 10 years ago " Better buy it quick, it will RV any day. "

RVAlready:  This is a far different circumstance than 15 years ago. We have a PM who said the RV was his first priority.

Yada:  Agreed rvalready regarding 15 years since comment. The whole time, there had been hinderences to keep it from happening and they've been removed. Government is set, banking internationally has been established, and when it is all said and done, via Bluepay, they will be the hub of converting multiple currencies through their banks.

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

Tishwash:  Iraq launches the first electronic platform for trading securities

Today, Monday, the "Carmel" company affiliated with the Iraqi Stock Exchange announced that it had obtained official approvals to grant it the first license to launch the Iraq electronic platform for trading securities.

The company said in a statement that "official approvals have been obtained to grant it the first license to launch the Iraq platform for trading securities, IRAKA trade platform, after the success of all the required technical tests under the supervision of the Iraqi Stock Exchange, as well as the success of the security and cyber examination, which was carried out by KPMG International Auditing Company, And the completion of all the obligations contained in the Internet trading instructions approved by the Securities Commission.

She pointed out that "this project, which we adopted as a service to the investors of the Iraqi Stock Exchange, is considered this type of platform at the present time, and due to the great technological development in the world and the increasing number of users of smart devices. bigger than investors”, indicating that “the IRAKA platform contains wizards for building the trading strategy of the investor, which allows traders to decide from a list of multiple options that can be easily accessed to create a set of orders that may be traded automatically.”

She added, "The IRAKA trading platform (IKTP) is the first trading platform for online trading in Iraq and is licensed by the Iraqi Securities Commission (ISC) and the Iraq Stock Exchange (ISX)," stressing that "the only way now is for the customer to submit buy and sell orders in the market." Iraq Stock Exchange (ISX) online via a secure platform.

She pointed out that "all types of stocks and bonds listed on the Iraq Stock Exchange can be traded using the IRAKA platform, as IRAKA allows users to make online trading in the Iraq market more accessible and from anywhere in the world and at any time during the day instead of the traditional trading methods that have been adopted." over the past years.”

And she indicated that “the IRAKA platform will broadcast live market prices and through its website, and the user can also use additional trading tools such as chart analysis reports, news feeds, and account management functions,” explaining that “the IRAKA platform (IKTP) will be available on all Windows systems.” And Mac, IOS and Androi".  link

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

Tiswhwash:  Who is behind the looting and smuggling of Iraq's money?

Private banks were established in Iraq to be a main supporter of the economic development process, but what happened is the exact opposite, as these banks became a demolition factor for development and corruption became one of the problems that the banking system in Mesopotamia suffers from, in addition to the low level of Services provided by these banks to customers.

Economist Diaa Al-Mohsen explains this, saying, “These banks granted hundreds of millions of dollars to finance projects, and in fact, these funds went into the pockets of the corrupt because most of these projects had no basis in reality, rather they were fake projects.”

He explained that "private banks are a front for political parties and a cover for corruption, and the process of selling foreign currency from the window of the Central Bank of Iraq, which is ongoing in inevitable cooperation with these banks, is only one of these manifestations."

Who protects the smuggled money?

Al-Mohsen explains that what he called “the theft of the century” is a good example of bank corruption, as the value of the stolen amount amounted to more than two billion and 500 million dollars, and government and private banks participated in smuggling it out of Iraq, in addition to the money laundering operations that these banks indulged in, which called for The representative of the US Treasury Department warned 14 commercial banks of the need to improve their financial conditions and monitor the transfers they make for the benefit of clients.

He proposed a solution to the problem, saying, “It is required to restore the external transfer department of the Central Bank of Iraq and notify the correspondent banks (which the external transfer department previously dealt with) in order to resume work again, provided that importers are required to limit their commercial transactions to the Central Bank of Iraq, otherwise they will not be allowed to transfer any amounts in foreign currency.” Abroad".

The economist Bassem Antoine comments on the issue, saying, “Financial and banking corruption has become rampant in Iraq recently, in particular, as a result of the poor follow-up of the regulatory agencies, as it found refuge in some countries that hope that money smuggling will increase to start laundering operations, according to reports received from the Iraqi Integrity Commission, And it is money that is not easy to control due to the weak capabilities of the regulatory agencies in terms of following up on its destination, in addition to the adoption and protection of some politicians for corrupt money smugglers, and most of all, the control agencies are afraid of pursuing the beneficiary parties and personalities.

He adds, “These mafias used methods that are difficult to pursue because they do not deal with official departments or government banks directly. Rather, they use some banks, which were reported to be four important banks that deal with cash liquidity, and they are assisted in this by the currency auction that is not controlled by the responsible authorities.” He points out that “there are houses and treasuries full of Iraqi currency (cash), which constitutes three-quarters of the printed matter outside the banking system, and it is difficult to control it, whether in Iraqi currency or in dollars, knowing that the dollar controls its amount, not the US treasury, not Iraq.”

Antoine indicated that from time to time the dens of these people are raided and penalties are taken against them, and great scandals were announced that were revealed by the Prime Minister, but there are quite a few of them supported by blocs and political parties, and he concluded, “We need the cooperation of citizens and the cessation of the facilities provided by states.” The money is smuggled to it, and there must be efficient and impartial agencies that limit that organized smuggling, as corruption is a major economic terrorism.”

inexperienced positions

Representative Bassem Khashan says that a person who is not specialized in money assumed the presidency of the Central Bank was due to quotas. As for the “Al-Rasheed” and “Al-Rafidian” banks, many complaints were filed against them even before the recent theft crimes, but to no avail or any action was taken against them. . Holding accountable those involved in administrative and financial violations, whether serious or minor, has not been achieved due to the lack of serious investigations in corruption cases.

Khashan reveals that “cases of money smuggling are many and take several patterns, including what is in the form of deposits or property and real estate in some countries.” He calls for the need to reconfigure the oversight bodies, such as the change that took place in the Integrity Commission when Judge Haider Hanoun assumed the presidency of the commission, threatening the corrupt and those behind them in Interview with the press, and he says:

 “We need to develop investigative procedures in the commission and integrity courts to hold all those involved in all crimes accountable, not to attribute the crime to one person, while the number of those involved in it is dozens of people,” expressing his lack of optimism about this government because of what he described as its superficial procedures in dealing with it.

Stressing that it “did not achieve anything, whether in terms of the state’s economic policy or combating corruption, and the past months were disappointing.”

Coin on newsprint

The former head of the Integrity Commission, Musa Faraj, enumerates the reasons that led to the aggravation of the problem that emerged after 2003, saying, “The first is the conditions of corruption and chaos, and the second is the creation of private banks, which we described as shops for corruption and currency smuggling, and the most prominent and unfortunate factor is the role played by the government in excluding an international banker, Sinan Al-Shabibi And replacing him with personalities who dared to include their name on the Iraqi currency in a precedent that the country had not witnessed, in addition to entering the currency auction file, which caused, according to former Prime Minister Haider al-Abadi, the loss of 300 billion dollars from the Iraqi treasury between smuggling and money laundering.

And he adds, "It is no secret to anyone what happened in terms of servitude between government and private banks due to the interference of politicians in government decisions and their dominance over government banks, which have become a channel for stealing money and handing it over to the corrupt and their banks."

As for the roots of this deterioration, Faraj mentions, “It started since the start of the Iran-Iraq war and the stage of the siege, which witnessed the printing of the currency on newspaper paper, and the circulation of a statement by the Governor of the Central Bank, Issam Mulla Huweish, in which he says (we don’t need currency reserves in the first place, because Leader Saddam is the solid support of the Iraqi dinar) ".

For his part, the advisor to the Central Bank of Iraq, Ihsan Shamran al-Yasiri, rules out linking financial and banking corruption in Iraq to some countries. Corruption is often transboundary, as it is born in a country to establish values, money and practices, and then migrates to another by passing corrupt money, and this is typical of money crimes. He added, "Corruption in the banking sector unfortunately exists like any sector, but the Central Bank is now shouldering the burden of combating it through vigorous oversight, and it needs the concerted efforts of all concerned parties to be able to perform its mission."

Iraq has the Anti-Money Laundering and Terrorist Financing Office, which is an important institution that follows up and investigates money laundering and terrorist financing practices, but the persistence and legitimacy of corruption and the infiltration of the corrupt in sensitive institutions in the country are indicators of weak law enforcement, according to Al-Yasiri, who explains how to acquire tax secretariats and large sums, saying, “In In fact, this process cannot be completed without the completion of its management links between the (Tax Secretariats Unit) located in each customs port. It is the first circle that markets the information, receives and completes the forms for the owners of the trusts, and then sends them to the General Authority for Taxes (the financial department). the second".

He continues, “As for the third link, it is the bank that is responsible for being sensitive to the intensity of cash withdrawals of embezzled funds, and that all operations were withdrawn in cash in an urgent manner. And the management of the Rafidain Bank was supposed to be sensitive to its branches, because the density of clouds should arouse the attention of the bank.

And Al-Yasiri continues, “Whoever has trusts in large amounts is better not to withdraw them, but rather transfer them from the tax department’s account, either by check or by a cash payment order, and deposit them in his bank account. Therefore, it is unreasonable for someone to withdraw tax trusts in the hundreds of billions unless he is in a hurry in the withdrawal process for the purpose of smuggling.” funds.”

Major sin and routine episodes

Al-Yasiri mentions that “the theft of the century passed over the shoulders of the oversight apparatus.” And he points out that “a deputy asked to suffice with the audit of the tax department and prevent the Office of Financial Supervision from auditing, with the aim of facilitating the payment of tax secretariats to the beneficiaries. This is a major sin committed by the promoter of this decision, and the biggest mistake falls on the Board of Financial Supervision, which responded to the prohibition order when it had to reject it.

Al-Yasiri justifies, “The Iraqi Financial Supervision Bureau was known for its serious follow-up and audit, but raising its hand from this audit process made it reveal the process late. The bank with bank departments and the Ministry of Finance, the latest of which was the fruitful cooperation between the Governor of the Central Bank and former Finance Minister Ali Allawi, who intervened positively and interacted with the reports of the Central Bank and held emergency meetings on the basis of them between the bank’s leaders and cadres with other banks to discuss the reports.

He explains, “The Central Bank has made great efforts for years to reform the banking sector and improve its performance. We have promising banks that show promise, and some of them are under reform and evaluation. We also have banks that are difficult to reform and do not seek benefit from them, and the Central Bank has taken measures with them, either by managing them or by placing them under guardianship or liquidating them in the event that there is no change in their performance.

For his part, the head of the “Al-Nahrain” Foundation for Transparency and Anti-Corruption, Muhammad Al-Rubaie, confirms that the Iraqi government’s follow-up of the looted funds exhausts a full cycle and revolves in routine circles between several parties and takes a long period of time, and he suggests that the Iraqi government form the Financial Intelligence Unit, through which people are pursued and funds seized. And recover it in a record time, knowing that there are several departments to recover money in independent bodies and ministries, such as the recovery department in the Federal Integrity Commission, the Ministry of Justice, the Ministry of Interior, the Ministry of Foreign Affairs and the Intelligence Agency.   link

CandyKisses:  SANTA HAS A CHIMNEY PROBLEM

Mot:  ....... the 4 stages of a Mans Life! - Where is You???

News, Rumors and Opinions Monday Morning 12-19-2022

RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 19 Dec. 2022

Compiled Mon. 19 Dec. 2022 12:01am EST by Judy Byington

Global Currency Reset:

Sat. 17 Dec. 2022 6:52 am (as per Shiela) – Simon Parkes to Charlie Ward: “Hello Charlie. I’m doing your thing. Come on, here’s the report: All currency test runs completed, led by HSBC (the Hong Kong and Shanghai Banking Corporation). US on full alert for redemption process. Temple Texas (not Reno) to start it.”

Fri. morning 16 Dec. Capt. Kyle Patriots: The RV silently started last night here in Australia.

Fri. evening 16 Dec. MarkZ: “I had a DHS contact tell me they are very upbeat about fines and penalties (from settlements, CMKX, PP’s) start next week. Settlements means we are about to be paid….Some of the Bond values are considerably high.”

Thurs. 15 Dec. Bruce: Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated very soon and assured us that we would have our appointments and exchanges not only set, but completed before Christmas.

On Tues. 13 Dec. the Golden Dragon Bonds Trust deposited monies in a Quantum Financial System Account and some Bond Holders received emails with access codes for full access to their funds.

All US fiat currency has to be turned in to exchange for the new US gold-backed notes by 31 Jan. 2023. …Simeon Parkes

~~~~~~~~~~

Simon Parkes Part II: https://beforeitsnews.com/alternative/2022/12/simon-parkes-the-qa-you-cant-afford-to-miss-part-ii-must-see-video-3785653.html

Germany is on the verge of COLLAPSE… they are already turning off the street lights in most major cities… all of the government buildings are shut down… because they are being targeted by Russia to receive less fuel. I think that they are desperate for a ‘way out’… and you might see Germany is the first country to go into BRICS.

HOST:  Listen folks… if Germany goes, they are the ‘backbone’ of the entire Euro Economy.  They are the biggest money maker, and probably the biggest contributor.  We have countries like Greece, Portugal, Spain, Italy, etc. … who are all looking for financial aid and help.  So if Germany falters, because of this fuel situation from Russia… which Trump WARNED them about… and they laughed at him… so I think Germany will be the first to collapse.

I think that would be another Marker Stone for what is about to come with the Revaluation (RV) and the Redistribution. Because once Germany falls and they go into the BRICS system…and they start using gold as their financial backed asset to cure their fuel and keep their citizens warm… then it is the green light to ask, “Okay, who is next?”  That is because they will ALL FALL. Countries like France, Belgium, Holland and the northern countries up around the Baltic…

I was at an ‘Insider do”, which actually had a lot of CC members… where we had the Compliance Officer for the Quantum Financial System (QFS).  He is a guy that I had met before.  He was very gracious and was authorized to say a few words. If you think there is going to be a great announcement… you are not.

So although he did not give any dates about when it was going to happen, and of course, he would not… it was fantastic that a very high ranking Officer was prepared and authorized to give a speech. Charlie does have a BOSS, you know… spoke during the ‘Insider do’

When JF Kennedy was assassinated… in 1963… the ‘good guys’ created some commemorative Bank Notes. But they were NOT JUST COMMEMORATIVE… they were also ‘Negotiable’. They were ONE BILLION DOLLAR bank notes. So they were Negotiable bank notes with President Kennedy’s ‘head’ on it. That shows back in 1964… that the Good guys were already planning for the RV.

They did the same with the Zimbabwe…they produced the special ‘blue Notes’… which are considered Bonds, rather than Notes… So this is a MASSIVE operation.

I asked Charlie Ward, his boss and the Compliance Officer if this was the last Christmas we were going through in this position, and they all said ‘yes.’

I cannot give everyone a date… I am really confident that it is not very far away. We should EXPECT… that the geopolitical situation to MIRROR the release of the RV.

Read full post here:   https://dinarchronicles.com/2022/12/19/restored-republic-via-a-gcr-update-as-of-december-19-2022/

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Courtesy of Dinar Guru

Frank26  Community comment "We could be years at a controlled float."  No. IMO they'll probably get it capped within 6 months.  It's going to explode the moment they get it at the international world.  Everybody's going to use it.  They're all salivating for it.

Paulette  the big move for Iraq is the "restructure".  The RI just increases their purchasing power on the International stage...

Central Banks Are About To Crash The Markets | These Indicators Are Flashing Code Red

Michael Cowan:  12-18-2022

The Banks Are About To Shock The World With Bigger Stock Market Crash Than The Great Depression...

https://www.youtube.com/watch?v=0Of9iYfpNaw

TNT:

Mot:  Mary, Did You Know? - Pentatonix........  https://www.youtube.com/watch?v=ifCWN5pJGIE

More News, Rumors and Opinions Sunday Afternoon 12-18-2022

KTFA:

Clare:  New App allows Iraqis to trade US-Listed Stocks

18th December 2022   By John Lee.

Ishtar Gate Company for E-Payment Systems and Services, an Iraq-based fintech company, has reportedly released an app that allows users to trade US-listed stocks via a mobile app called Bluepay.

According to Newsfile, the company was recently approved by the Central Bank in Iraq (CBI) as the "first and only company to offer international money transfer service."

It says the service also facilitates financial transactions to and from China.

Blue CEO Ali Al-Saeed, said:

"This is an unprecedented technology solution built and provided locally in Iraq. It has triggered other fintech-provided services such as a multi-currency solution that opens up a new horizon of opportunities in the Iraqi market."

 (Source: Newsfile)    LINK    ISHTAR GATE FOR E- PAYMENT SYSTEMS AND SERVICES

Henig:  An Economist told NINA: The Chinese-Arab conference did not come in favor of Iraq

Baghdad / NINA / - The Economic Expert, Raad Twaij, confirmed: "The Chinese-Arab conference did not come in favor of Iraq."

Twaij said in a statement to the National Iraqi News Agency (NINA) that "the outputs of (the Arab-Chinese summit) and (the Gulf-Chinese summit) are not devoid of a desire to send the two parties, especially the Saudi and Chinese, political messages needed by the two parties to the United States of America, which seems like a bubble, because the United States has penetrated militarily and politically into these countries, but this does not prevent the limited economic cooperation between the Gulf countries and China.

As for its impact on Iraq, Twaij stressed: "Iraq has its own status and has previous agreements with China, which is the natural passage for them, but it does not have a significant impact economically, and Iraq can conclude other agreements with other countries to develop its economic reality, such as Japan, South Korea and Germany."   LINK

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Courtesy of Dinar Guru

Pimpy  Article: "Parliamentary Legal: An extraordinary session of Parliament if it receives the budget"  I've talked about this before.  If they can somehow agree on the budget before the end of the year you will see an emergency session called to Parliament to pass it before the end of the year.  That would be great news for the Iraqi people..

Militia Man  Article "Minister of Transport: We aspire to enhance the investment environment in Iraq " The transport of any country is very important for the Private Sector.. The major players in an infrastructure build out for a country post war is a critical sector...The country is looking to be fully committed now to open up internationally and transportation is a key component.. This is a good thing for investors of the Iraq Dinar.

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MARKETS A LOOK AHEAD: What To Look Out For Moving Forward.

Greg Mannarino:  12-18-2022

https://www.youtube.com/watch?v=O0O--Q4BgpI

China’s De-Dollarization Strategy - They Want A Global Dollar Dump

Sean Foo:  12-18-2022

China's accelerating their de-dollarization campaign on the United States and it is getting worse. They dumped more US treasuries in October and they are pushing for oil trade in Yuan.

If that happens, it will be a game-changer for the reserve currency. Here's what you must know about China's de-dollarization strategy!

0:00 China's De-dollarization Mission

1:21 A Global Treasury Dump

3:48 Energy For Yuan

6:29 China's Plan With Gold

9:00 Yuan Swap Lines

11:45 De-dollarization Won't End

https://www.youtube.com/watch?v=oqoZR5p4KnY