"Tiddbits From TNT" Saturday Morning 2-11-2023
TNT:
CandyKisses: Central Bank agrees with US bank to facilitate payments from the Iraqi banking system to China
The Central Bank of Iraq agreed with JPMorgan on Saturday to facilitate payments from the Iraqi banking system to China to finance private sector imports directly.
"The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, met with Daniel Zeliko, Vice Chairman of the Board of Directors of JPMorgan, on the sidelines of his visit to Washington," a statement from the bank said.
The statement added that "the meeting was agreed that JPMorgan will facilitate payments from the Iraqi banking system to the People's Republic of China to finance private sector imports directly."
TNT:
CandyKisses: Central Bank agrees with US bank to facilitate payments from the Iraqi banking system to China
The Central Bank of Iraq agreed with JPMorgan on Saturday to facilitate payments from the Iraqi banking system to China to finance private sector imports directly.
"The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, met with Daniel Zeliko, Vice Chairman of the Board of Directors of JPMorgan, on the sidelines of his visit to Washington," a statement from the bank said.
The statement added that "the meeting was agreed that JPMorgan will facilitate payments from the Iraqi banking system to the People's Republic of China to finance private sector imports directly."
He continued, "The meeting also discussed a number of issues related to reserve management, liquidity management and technical support provided by the aforementioned bank to the Central Bank of Iraq and the banking sector in Iraq."
The governor said that "the Central Bank of Iraq is committed to applying international standards in combating money laundering and terrorist financing," stressing "strengthening the relations of the Central Bank of Iraq with its counterparts in the countries of the world to serve the work and development of the Iraqi banking sector."
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CandyKisses: Al-Sudani: The wheel of economic reform is moving forward and the loser of those who bet on going backwards
(Political: Al-Furat News) Prime Minister Mohammed Shiaa Al-Sudani explained on Saturday that the wheel of economic reform is moving forward as one of the priorities of the government's ministerial curriculum.
His media office said in a statement received by {Euphrates News} that "Prime Minister Mohammed Shiaa Al-Sudani chaired the third meeting of the Federation of Chambers of Commerce and the Association of Iraqi Banks, government financial bodies and departments; taxes and customs as well as border crossings, the Central Bank and trade fairs. During the meeting, I had to
The statement continued that "the meeting witnessed a discussion of the mechanisms used to implement the decisions of the Council of Ministers in financial aspects, in addition to discussing the implementation of the directives issued at the previous meeting," stressing "the importance of continuing to hold these meetings, in order to overcome obstacles facing the private sector, which the government considers an essential partner in implementing its strategic programs and projects."
Al-Sudani stressed that "the wheel of economic reform is moving forward, as one of the priorities of the government's ministerial curriculum," stressing that "those who bet on going back and practicing smuggling and violating laws and instructions are a loser bet, the government and all its competent bodies will firmly confront all smugglers and speculators,
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Tishwash: An expert presents a solution to reduce the prices of commodities in the Iraqi markets
On Saturday, economist Nabil Al-Marsoumi presented a solution to reduce the prices of domestic commodities.
Al-Marsoumi said in a brief post that "NAS" viewed (February 11, 2023), "Closing the gap between the official and parallel prices is the only solution to reduce the prices of domestic goods."
A press report shed light on the movement of the Iraqi delegation in Washington in the framework of alleviating the dollar crisis in the country, while noting that the indicators "do not bode well."
The report, published by "Al-Arab" newspaper, followed by "Nass" (February 11, 2023), says, "The Iraqis are betting on the visit of their country's high-level delegation to Washington to alleviate the dollar crisis that erupted after the US Federal Bank took a package of strict measures to curb hard currency smuggling operations." to Iran, but these bets began to fade in the absence of any signs of a breakthrough during the ongoing visit.
Following is the text of the report:
Iraqi political circles say that the indications received from Washington on the second day of a high-ranking Iraqi delegation's visit to reach new understandings regarding the conditions of the US Federal Bank regarding financial transfers in dollars do not bode well.
The circles point out that the press conference that took place between US Secretary of State Anthony Blinken and his Iraqi counterpart Fouad Hussein did not include any indications of an American tendency to ease these conditions or implement them in a gradual manner, and that Blinken's statements did not depart from the circle of repeated public speech about his country's keenness to strengthen partnership with Iraq.
On Thursday, an Iraqi delegation led by the Foreign Minister began an official visit to Washington to discuss a number of sensitive files, foremost of which is the issue of the decline in the value of the Iraqi dinar, following the measures recently imposed by the Federal Bank on the Central Bank of Iraq, to put an end to dollar smuggling operations to Iran and Syria.
This indefinite visit is of great importance to the Iraqis, due to the revival of their local currency, which in recent weeks has witnessed a serious decline, which caused an unprecedented wave of high prices, which led to protest marches.
The Federal Reserve imposed strict measures on dollar transfers, which US and Iraqi officials said were "aimed at curbing money laundering and the illegal transfer of dollars to Iran and other heavily sanctioned countries."
The procedures include establishing an electronic platform - which the Central Bank of Iraq began implementing in early December - that requires accurate details of foreign transfers that take place from Iraq.
Among the Iraqi demands of the US administration is to postpone work on this platform until users know how to deal with it, but Washington has reservations about that, considering that this problem belongs to the Iraqis because the agreement on it took place about two years ago.
During the joint press conference with his American counterpart in Washington, the Iraqi foreign minister thanked the United States for "its support for Iraq in its war against ISIS," and stressed "continuing to work together on the basis of building the Iraqi economy," adding, "We need your support in various fields, and we will continue our cooperation." ".
For his part, Blinken said, "We are working to strengthen the Iraqi economy and reintegrate it into the region in accordance with the strategic framework agreement that connects the two countries," explaining, "We are now focusing very intensively on the economic dimension of that agreement."
In 2008, Washington and Baghdad concluded a "strategic framework" agreement that paved the way for the exit of US forces from Iraq at the end of 2011 after eight years of occupation.
Blinken stated that "there will be a special focus on energy and electricity in the strategic framework agreement," adding that Iraq "can and must be independent in the field of energy."
He pointed out that "US President (Joe Biden) had a very good conversation with the Iraqi Prime Minister a few days ago, stressing moving forward in strengthening the strategic partnership that unites Iraq and the United States."
In his statements, Blinken did not mention the main issue related to the issue of the dollar, in an indication that the US administration did not respond to the Iraqi demands, which was apparently grabbed by the forces of the coordination framework loyal to Iran, which returned to launch a campaign against Washington, accusing the latter of waging an economic war on Iraq. .
Aqil al-Fatlawi, a member of the Al-Fateh Alliance, said that the World Bank and the US administration are using the Swift platform to impose their will and blackmail Iraq, adding that the United States has passed the stage of military domination and moved towards economic domination through those institutions under the international cover.
And he considered that “those institutions are a bad example of domination and starvation of peoples,” and continued that “the United States at the present time is still the restrictive and pressing element on the Iraqi economy, especially after Iraq’s exit from the seventh and sixth items.”
Al-Fatlawi called on the government to take more steps to disengage from the US Federal Reserve, and indicated that “the government has actually started its steps in this direction to lift the restrictions that the US Federal Reserve controls.”
The leader of the Al-Fateh Alliance said, "The meeting held by the Governor of the Central Bank of Iraq, Ali Al-Alaq, with the Assistant Secretary of the US Treasury, succeeded in releasing a lot of Iraqi funds secured by the federal funds."
Observers believe that the reactions of the members of the Al-Fateh Alliance are due to the great embarrassment caused to them by the American measures, in terms of ways to smuggle dollars to their sponsor, Iran.
Observers point out that the United States is not on track to change its position on the measures taken, for the simple reason that it does not trust the current regime that governs Iraq and which owes allegiance to Tehran.
The Iraqi government had sought to take a number of confidence-building measures with Washington prior to its delegation's visit, including launching a campaign against those involved in forging fake supply receipts, allowing large amounts of hard currency to be transferred abroad, and banning financial companies and banks from dealing with the central bank through a window. Selling hard currency.
During recent days, the Iraqi dinar incurred significant losses that exceeded 30 percent of its value against the dollar, and the Iraqi market witnessed a dangerous rise in the levels of prices of food and consumer goods, compared to what it was less than a month ago.
The Iraqi government fears that its measures taken so far will not have an effect on restoring the stability of the dinar, which could generate angry popular reactions.
Baghdad and a number of Iraqi provinces have witnessed protest demonstrations in recent days, in response to the high price of the dollar. link
CandyKisses: DEFINITION OF A FRIEND
Mot: .. Fun Fruit Salad ~~~~
News, Rumors and Opinions Saturday AM 2-11-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 11 Feb. 2023
Compiled Sat. 11 Feb. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Fri. 10 Feb. MarkZ: Historic Bond people are still looking at full funding around the 19th/20th. That’s full funding, not partial, not pieces, or parts. I am hearing this from paymasters on two different continents. Some say as late as the 24th. Curiously, that is the date I am hearing Nesara is to start.
Fri. 10 Feb. Walkingstick: The exchange rate is now going in the correct direction…due to an internal float of the Iraqi dinar that is occurring inside of Iraq right now preparing itself to reach 1 to 1. We see the evidence of the next step. This is called phase two of the CBI’s monetary reform.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 11 Feb. 2023
Compiled Sat. 11 Feb. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Fri. 10 Feb. MarkZ: Historic Bond people are still looking at full funding around the 19th/20th. That’s full funding, not partial, not pieces, or parts. I am hearing this from paymasters on two different continents. Some say as late as the 24th. Curiously, that is the date I am hearing Nesara is to start.
Fri. 10 Feb. Walkingstick: The exchange rate is now going in the correct direction…due to an internal float of the Iraqi dinar that is occurring inside of Iraq right now preparing itself to reach 1 to 1. We see the evidence of the next step. This is called phase two of the CBI’s monetary reform.
Judy Note: A High Up Source indicated that the funding for the RV has already been released to the US Treasury and was in the Quantum Financial System ready to be distributed. The liquidity for Tier4b to begin appointments would be coming from the Rodriguez Trust some time before, or on, Mon. 20 Feb.
Thurs. 9 Feb. Bruce: An international bank said that once USTN was available at the banks Tier4b appointments would start – and that could be within the next couple of days.
Restored Republic:
Dr. Kia Pruitt: The Republicans said when they first came back into session that the first thing they were going to do was address the IRS who are infringing on our freedoms. So they defunded the 80 billion dollars to stop them from hiring the 87 thousand IRS investigators who were to be the police arm of the IRS ….That’s the first thing they did……then they made an announcement that they would be voting to completely end the IRS.
Must Watch Videos:
Read Full post here: https://dinarchronicles.com/2023/02/11/restored-republic-via-a-gcr-update-as-of-february-11-2023/
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Courtesy of Dinar Guru
Militia Man They put out rules three weeks ago...they need to go to a dinar for public and commercial use...to replace the dollar, you're going have to pick up the dinar and that's where they're forcing it to. Everybody on the street needs to now buy cars, groceries, commercial products, everything in dinars. That's where the rub coming in. It's a supply and demand issue...they have a liquidity issue.
Frank26 [Bank Story] Name Protected: I just called the currency exchange in Tampa Florida...I said do you verify currency in house or do you have to send it out. She said no, we verify everything in house...I said supposed I have 100,000 dinars and I want to exchange them? She said that would be $3. I said would you give me a check or would you send it to my bank? She said no we'll give you $100,000 cash minus $3 to transfer it...then I asked her what if I brought in 1,000,000. She said well we would change you $5. I didn't ask her any more after that because I know they're not going to give me a million dollars in cash.
Washington - Iraq
MilitiaMan and Crew: 2-10-2023
The globe is moving money.
Bank Of America WARNS! "A Day Of Reckoning Is Coming For The Market."
Greg Mannarino: 2-10-2023
" This is the End of the Experiment: What the Central Banks Know That You Don't"
This is the End of the Experiment: What the Central Banks Know That You Don’t – Lynette Zang
Stansberry Research: 2-10-2023
“I think there’s going to be a crisis this year. I don’t think there’s going to be a soft landing, I don’t think there is a disinflation. I think there’s going to be a hard landing,” warns Lynette Zang, chief market analyst for ITM Trading.
Zang tells our Daniela Cambone, “We’re in the middle of that transition from LIBOR — that interest-rate benchmark —in the U.S., SOFR. And they’re getting some pushbacks particularly from [collateralized loan obligations] and I don’t think they can make the transition.” Zang explains.
She continues by saying that “there are 610 trillion notional value contracts that have to be converted and even with their mathematical fixes, they cannot get the SOFR to show interest rates the same as the LIBOR.
This is the End of the Experiment: What the Central Banks Know That You Don’t – Lynette Zang
Stansberry Research: 2-10-2023
“I think there’s going to be a crisis this year. I don’t think there’s going to be a soft landing, I don’t think there is a disinflation. I think there’s going to be a hard landing,” warns Lynette Zang, chief market analyst for ITM Trading.
Zang tells our Daniela Cambone, “We’re in the middle of that transition from LIBOR — that interest-rate benchmark —in the U.S., SOFR. And they’re getting some pushbacks particularly from [collateralized loan obligations] and I don’t think they can make the transition.” Zang explains.
She continues by saying that “there are 610 trillion notional value contracts that have to be converted and even with their mathematical fixes, they cannot get the SOFR to show interest rates the same as the LIBOR.
That impacts all the contracts that still have LIBOR embedded in it.” But how could this actually impact everyday people’s life?
She further says that it will make the generated income from bonds or other contract-based debt instruments much smaller.
“Student loans, credit cards, mortgage statements, car loan. All of the sudden, they look different.”
Zang also shared that she saw the central bank digital currencies ("CBDCs") are becoming more prevalent worldwide and that China has demonstrated its leadership in “showing us the way of getting adoption of the CBDC and how to control a society.”
In terms of crypto, Zang said bitcoin will remain popular because Wall Street has embraced cryptocurriences more recently. But she said she would not hold value in it.
Friday Evening Chat with MarkZ and Dr. Kia Pruitt 2-10-2023
Friday Evening News with MarkZ 02/10/2023
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 Everyone and especially the man of the hour!!
Member: How is everyone this Friday evening?
Member: I’m praying this is a great weekend for everybody
Membeer: Are Redemption Center people on call this weekend?
MZ: Yes….and everybody is ratched up….
Friday Evening News with MarkZ 02/10/2023
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 Everyone and especially the man of the hour!!
Member: How is everyone this Friday evening?
Member: I’m praying this is a great weekend for everybody
Membeer: Are Redemption Center people on call this weekend?
MZ: Yes….and everybody is ratched up….
Member: Wolverine : I am very happy. We were hoping something would get locked in today…but it didn’t happen…but, it will happen soon.
MZ: I am hearing the same thing
MZ: “With more than 150 thousand dinars, Dollar exchange rates rise in Iraq” They did not drop it far enough guys.
MZ: Currency sites around the globe started showing some interesting things throughout the day today. XE is still showing the official rate …Forex is still showing the official rate …but what we started seeing in the rest of them was very interesting.
MZ: (Marks shows a screenshot from his phone) of $1 US dollar equels 737 dinar. Which would be a very substantial change. And that is just one of many sites …most are showing from 1 USD =680 dinar up to 1070…..
MZ: This doesn’t mean we can go out and exchange them …the markets are showing extreme volatility and they are trying to predict what that next step is.
MZ: We are hearing a lot of fantastic chatter in Iraq that they are expecting another move …and also hearing from more and more sources to expect a substantial move…and the big one we have been waiting for.I am getting this from many sources.
MZ: On the bond side they are still expecting full funding around the 19th…some who are pretty late in the Que are saying as late as the 24th….but I cannot find anybody hearing any later than that. They can certainly come after we start.
MZ: Curiously enough that is the date I am hearing Nesara is to start. So I question whether they are going to notify us and bring us all in under heavy NDA’s and then flip the switch for the general public on the 24th…I don’t know but it is certainly getting exciting.
MZ: In other news: “ Russia is to remove euro and only keeps yuan and gold in National Wealth Fund” They announced this today….they are removing the euro…and they have already removed the dollar. With only yuan and gold in their Wealth Fund…it’s a tell tale sign that China will move in lock step with them .
MZ: “The Moldovan Government quits under economic turmoil, Russian tensions” They are bailing out.
Member: When the RV happens-will the US dollar revalue?
Member: It should happen wiith Nesara if not just before…imo
Member: TNT said could happen this weekend to middle of the month
Member: Rich dad poor dad Robert said crash going to be at Valentine’s Day
Member: Valentines Massacre Tuesday! Total Market Crash said Robert Kawasaki and he should know!!!
MZ: I was fortunate today to make a connection that I am very excited about. Dr. Kia Pruitt . So here is a special guest this evening to tell us what she is hearing. Hopefully she is hearing the same positive thangs that I am hearing.
Dr. Kia Pruitt: Hello Mark I am thrilled to be here today. I follow MarkZ and listen from afar…I do not have as much RV news as Mark…I focus mainly on geopolitical news….
Dr. Kia Pruitt: I have been reporting the last few days that the DOD talked about a transference…a presidential transference. …of presidential power. That was really interesting.
MZ: It’s taking the power out of the bureaucracy …putting checks and balances on the bureaucracy during that transition…..what do you think?
Dr. Kia Pruitt:: Exactly taking the power away from the establishment and I think they are completely dismantling the United State corporation and restoring the republic. I think they are orchestrating this like a slow demolition and doing this in a way it won’t be so destructive.
(Mark Shows document on screen)
Dr. Kia Pruitt:: After I put op that document on my video from the DOD …there are two documents. One from the Department of Defense that was effective in August and just recently updated it Feb 3rd. Basically it is to have a smooth transition of presidential power from those going out to those going in. The changing of the guard. Based on the presidential transition acct of 1963.
Dr. Kia Pruitt:: This is very interesting and leads me to believe they are restoring the Republic.
Dr. Kia Pruitt::Also you have heard me talk about the 42 states that have repealed state taxes on gold, silver and precious metals.
MZ: 5 more have added on since then….so 47 states now. Only 3 states left to ratify that one. In the constitution….silver and gold are considered money. This is exciting to me…they know its coming.
Dr. Kia Pruitt: Yes they do. Mark you mentioned something that is very important. Our US constitution states in article 2 section 10 that gold and silver are money. I think the states are going through passing these bills just for the people to know this.
Member: Dr. Kia-Do you think the delay to pay the IRS in some states is the start of Nesara?
MZ: Yes in the news some states are asking people not to file yet. Maybe 5 states including California?
Dr. Kia Pruitt: 22 states now. I will send you the article…..they listed the states. And the Republicans said when they first came back into session that the first thing they were going to do was address the IRS who are infringing on our freedoms. So they defunded the 80 billion dollars to stop them from hiring the 87 thousand IRS investigators who were to be the police arm of the IRS ….Thats the first thing they dod……then they made an announcement that they would be voting to completely end the IRS
MZ: I was very excited about that. .
MZ: We go at 11 am est if you want to join us to talk about these articles. I am expecting tomorrow to be pretty quiet news day…but Sunday Monday I really expect thing to heat up. into Monday Tuesday. …I will post her links in tomorrow’s stream
MZ: Be sure to watch her videos and like and share
Dr. Kia Pruitt: Good night everyone and thanks for having me here tonight.
Member: Dr. Kia Pruitt is the bomb! Thank you Mark for inviting her. You two make a great team with the info.
Member: DR. KIA THANK YOU FOR JOINING! WE ALL LOVE YOU!
Member: What great info tonight…..can’t wait for tomorrows podcast….thanks everyone.
“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/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING! SEE YOU ALL TOMORROW AT 11:00 AM EST! HAVE A BLESSED NIGHT ALL!
More News, Rumors and Opinions Friday Afternoon 2-1-0-2023
TNT:
Tishwash: Reducing the exchange rate.. Will Iraq move to the "punished currencies" zone? - urgent
The economist, Salam Sumaisem, shed light on an issue related to the move to reduce the exchange rate of the dollar, noting that it "contradicts" with Iraq's post-2003 policy, which goes towards a system of "freedom of exchange" rather than restricting it, wondering whether the step comes within the context of the "divorce of the dollar." And move to the penalized currency area.
Sumaisem said in an article published by the Public Policy-Making Forum-London, which Baghdad Today viewed, that "reducing the exchange rate is not a government decision, but rather a product of economic policies and reform measures that cause an adjustment in the exchange rate," noting that "this reduction will lead to some On a dollar at a reduced price and selling it at a higher price to people, and the difference between the two prices will be high, which leads to new inflation that hits the economy.
TNT:
Tishwash: Reducing the exchange rate.. Will Iraq move to the "punished currencies" zone? - urgent
The economist, Salam Sumaisem, shed light on an issue related to the move to reduce the exchange rate of the dollar, noting that it "contradicts" with Iraq's post-2003 policy, which goes towards a system of "freedom of exchange" rather than restricting it, wondering whether the step comes within the context of the "divorce of the dollar." And move to the penalized currency area.
Sumaisem said in an article published by the Public Policy-Making Forum-London, which Baghdad Today viewed, that "reducing the exchange rate is not a government decision, but rather a product of economic policies and reform measures that cause an adjustment in the exchange rate," noting that "this reduction will lead to some On a dollar at a reduced price and selling it at a higher price to people, and the difference between the two prices will be high, which leads to new inflation that hits the economy.
She pointed out that "Iraq after 2003 abandoned the policy of restricting the exchange rate to a system of freedom of exchange," while wondering whether "Iraq had retreated and decided to return to the previous system, or is it a step to divorce the dollar and move to the area of penalized currencies?"
And if the second goal is achieved, Sumaisem shows that there are two facts: "The first is that no oil country is allowed to value its oil in anything other than the dollar, and whoever dares to bear the consequences, like Venezuela, Iran, and Iraq before 2003."
The second is that "the international monetary system for the world after 1945 and until now is a system that relies on the dollar, as the Bretton Woods agreement aims to create a kind of stability in monetary policies and exchange rates between countries of the world by laying the infrastructure for the movement of capital between countries as a basis for facilitating trade." Global,” indicating that “Iraq does not need economic suicide, but rather a decision that realizes the economic importance of Iraq and its great role.” link
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Tishwash: The Governor of the Central Bank of Iraq meets the Executive Director of the International Monetary Fund
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Ismail, met with the Executive Director of the International Monetary Fund, Dr. Mahmoud Mohieldin, on the sidelines of his visit to Washington, DC.
During the meeting, aspects of bilateral cooperation were discussed to serve the interest of the Iraqi economy and monetary policy, as well as ways to develop the Iraqi banking sector.
For his part, His Excellency the Governor said: The Central Bank of Iraq has taken a package of measures to reform the Iraqi banking sector and develop its work in line with international standards, which will reflect positively on Iraq's international trade and the national economy.
He added: The Central Bank continues its measures in combating money laundering and terrorist financing, by taking a set of decisions that support these measures, which reflected positively on Iraq's ratings in this field.
In turn, the Executive Director of the International Monetary Fund, Dr. Mahmoud Mohieldin said that the International Monetary Fund continues to provide technical support to the Central Bank of Iraq in various fields.
It is noteworthy that His Excellency the Governor of the Central Bank, is currently visiting Washington, as part of an official government delegation, in order to start official talks with the US Federal Bank.
Central Bank of Iraq
Media Office
10/2/2023 link
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Courtesy of Dinar Guru:
Frank26 Article: "Iraqi Foreign Ministry: The delegation's visit to Washington will discuss two basic economic files" Quote: "The Iraqi delegation, headed by Hussein, arrives in Washington, with the dollar at the forefront of its talks" NOTICE ANOTHER DC TRIP ON THE SAME SUBJECT... THE EXCHANGE RATE.
Pimpy Article: "Blinken: We are working to strengthen Iraq's economy and reintegrate it into the region" As investors in the Iraqi dinar you want to hear this kind of news. The more they can strengthen the economy and make it more secure and the less they rely on oil sales the better it is for the Iraqi dinar. It becomes a stronger currency and you can have a much better exchange rate.
VERY IMPORTANT UPDATES: Bond Market Instability, Economy, Markets, Gold, Silver, MORE.
Greg Mannarino: 2-10-2023
Stockpiles Of These Metals Are DEPLETING; What About SILVER? | Craig Hemke
Liberty and Finance: 2-10-2023
Inventories of copper, zinc, nickel and other metals are depleting. Could it happen to silver? The Silver Institute has reported a more than 250 million ounce deficit for 2022.
Craig Hemke, founder of TF Metals Report, joins us to discuss the silver supply issue as well as his forecast for precious metals for the rest of the year.
He sees continued choppiness in gold and silver the first half of this year. But come the second half of the year, he expects precious metals will shoot higher because of a Fed pivot.
"Coffee With MarkZ" Friday Morning Chat 2-10-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday 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: Greetings everyone, Mark Z, mods. Hope your day is blessed.
Member: Happy Friday folks its going to be a perfect weekend for an epic movie finale
MZ: No Mr. Cottrell this morning… His wife's back has flared up and she is in great pain. They managed to get her an appointment this morning with the doctor.
Member: Prayers for Mr. and Mrs. C
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday 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: Greetings everyone, Mark Z, mods. Hope your day is blessed.
Member: Happy Friday folks its going to be a perfect weekend for an epic movie finale
MZ: No Mr. Cottrell this morning… His wife's back has flared up and she is in great pain. They managed to get her an appointment this morning with the doctor.
Member: Prayers for Mr. and Mrs. C
MZ: Nader had another video last night …he again hit it out of the park. He says to everyone “keep your dinar” and pointing out Iraq has much further to go in this process, He says the citizens need to embrace the dinar again and get rid of their dollars before they pull the trigger on the bigger change in value. But, do not let your dinar out of your possession….I agree with this.
MZ: Be sure to go watch his videos and like and share them
Member: I see what you're saying, if they all stopped using the USD then it would become worthless in IRAQ and the rate would become worth much more
MZ: Redemption folks are on call and have not been called in for the weekend yet.
MZ: Historic Bond people are still looking at full funding around the 19th/20th….Full funding not partial…not pieces or parts….. ….I am hearing this from 2 different continents from paymasters ect…..
MZ: No new CMKX news form Sheila or anyone.
Member: Wolverine said everyone is being quiet right now.
MZ: Its absolutely quiet and yo-yo time…..If you hear something…there is a excellent chance its misinformation right now.
Member: IYO when do you see the next adjustment of the IQD happen?
MZ: I would guess sometime within the next week? We are still seeing fluctuations in their markets…..floating in the local marKets…I believe they will have to make another adjustment soon.
Member: Praying for that next rate drop or the full RV coming out of Washington meeting. Dear God let it be so!!!!
Member: I hear not a float until on FOREX period … managed float is when CBI determines rate
Member: our saying the 19th and 20th now what pushed it back when it was day to day?
Member: someone call Guinness, this can kicking marathon has to be some kind of record.
Member: This feels like a home run where somebody keeps moving home base farther and farther away.
Member: It’s a fluid situation,….things change all the time ….but it will happen..it has to.
Member: The RV is a global event never pulled off in history, 209 countries are logistically being coordinated at the same time; it’s monumental & mind blowing to even think of it. It’s hard but be patient.
Member: Mark how much currency doess the average person have….iyo?
MZ: I don’t know, but if I had to guess…..I’d say 1-2 million?? A combination of dinar and dong probably…..some have more and some have less.
Member: I called a currency exchange place- they are out of dinar
Member: Dr. Kia Pruitt said last night zim and bolivar was good investments.
Member: I wonder if we have to file income tax this year?
Member: IRS Says Taxpayers in many States Should Wait to File Taxes This Year
Member: Moldova government pm just quit
Member: Why do banks still say they know nothing about an RV?
Member: If banks told their staff about the RV, they'd all be buying currencies and after the RV, there would be nobody at work to count the money out.
Member: FYI: Regular tellers are not working the redemption centers. The redemption center may be an office in a bank, but the regular bank tellers will have nothing to do with your RV.
Member: What currencies are in the first basket?
Member: listed from dinar recaps in the first batch and a few more not in the list 29 so far 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial? 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwev
Member: Mark said last week that the Iranian Rial may be out of that basket now…..
Member: Thanks everyone for a great stream today…..hoping for big things to happen this weekend.
Member: Remember ,keep happy positive thoughts going out as you create your own reality. If there is any distortion in your thoughts than it may indicate that you need to forgive yourselves and others
Member: Let’s raise the vibrations through the roof!!!
CBD Gurus join the stream at the end…please listen to the replay for their information.
“THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY"
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THANK YOU ALL FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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.
"Tidbits From TNT" Friday Morning 2-10-2023
TNT:
Tishwash: "ExxonMobil" is close to leaving Iraq.. Learn about the details of the upcoming deal
ExxonMobil is close to exiting the West Qurna 1 field.
And the "Iraq Oil" website stated in a report translated by "Al-Iqtisad News", that the company "is negotiating a two-part deal to sell its 32.7% stake in the West Qurna 1 oil field to the Malaysian Pertamina Company and the Basra Oil Company owned by the Iraqi state."
The sale, if it takes place, according to the site, will lead to “resolving the dispute that Exxon Mobil presented to international arbitration. On the other hand, it will strengthen China’s foothold in the Iraqi oil sector, as the Chinese PetroChina Company, which currently owns a non-operating share of 32.7 percent, will take over. % in the project, the role of the operator.
TNT:
Tishwash: "ExxonMobil" is close to leaving Iraq.. Learn about the details of the upcoming deal
ExxonMobil is close to exiting the West Qurna 1 field.
And the "Iraq Oil" website stated in a report translated by "Al-Iqtisad News", that the company "is negotiating a two-part deal to sell its 32.7% stake in the West Qurna 1 oil field to the Malaysian Pertamina Company and the Basra Oil Company owned by the Iraqi state."
The sale, if it takes place, according to the site, will lead to “resolving the dispute that Exxon Mobil presented to international arbitration. On the other hand, it will strengthen China’s foothold in the Iraqi oil sector, as the Chinese PetroChina Company, which currently owns a non-operating share of 32.7 percent, will take over. % in the project, the role of the operator.
According to the site, two Iraqi officials in the oil sector confirmed the outlines of this proposed deal, "whereby Pertamina will obtain an additional 10% stake in the project, raising its total stake to 20%, while the Basra Oil Company will buy the remaining 22.7% stake from ExxonMobil." link
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CandyKisses: Close to Sudanese: Those who obstruct the contract of the German company Siemens
Baghdad - Iraq Today:
A member of the House of Representatives, Mohammed Saadoun Al-Sudani, revealed the reasons for America's move towards addressing the electric power crisis in Iraq after 20 years of its exacerbation, while Washington's assistance to Baghdad was considered a "new obstruction."
Al-Sudani said in a press interview that "America's progress to help Iraq in the field of electric power at this particular time is part of the obstacles to address the crisis by contracting with the German company Siemens."
Al-Sudani asked: "Where has America been since 2003 until now in addressing the electricity crisis?" He pointed out that "the current US move comes as a result of the seriousness of the current government to contract with Siemens and return electric power to normal."
The member of the House of Representatives stressed that "America's new position is not serious and unclear," pointing out that "during the previous governments that tried to contract with Siemens, Washington is well aware that the heads of the Iraqi government are not serious and their movements are just (ink on paper);
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Tishwash: Member of Parliamentary Finance: The 2023 budget will exceed 200 trillion dinars
Economy News - Baghdad
A member of the Parliamentary Finance Committee, Representative Nermin Maarouf, confirmed, on Friday, that the size of the 2023 budget amount exceeds 200 trillion dinars.
Maarouf said, "The recent changes and the reduction in dollar prices disrupted or delayed sending the budget from the government to parliament," indicating that "the price of the dollar in the budget has not been determined yet after the government approved reducing its price and circulation to 1,300 dinars per dollar."
And she added, "Changing the price of the dollar and its official approval will determine the budget deficit and its amount, if any, and we are awaiting the official approval of the dollar price in the next budget."
"The volume of the 2023 budget exceeds 200 trillion dinars, and it is awaiting the arrival of the budget to parliament and discussing its doors in detail," Maarouf said in an interview with "Shafaq News" agency, followed by "Al-Iqtisad News". link
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Tishwash: The Iraqi delegation in Washington: Government measures aim to reform the banking system
The Iraqi delegation, headed by Foreign Minister Fouad Hussein, who is currently in the US capital, Washington, confirmed today, Friday, that the government's measures aim to reform the banking system.
Foreign Ministry spokesman Ahmed Al-Sahhaf said in a statement, "Deputy Prime Minister and Foreign Minister Fuad Hussein and his accompanying delegation met with US Deputy Secretary of the Treasury Wali Adimo, Assistant Secretary of the Treasury Elizabeth and senior ministry officials concerned with Iraq and the Middle East," pointing out that "during The meeting discussed issues of common interest and bilateral cooperation between the two countries.
The Iraqi delegation indicated, according to the statement, that "the measures of the government and the central bank in developing and reforming monetary policy, and the government's priority in promoting investment and trade, diversifying energy sources, and facing current challenges at the monetary and banking levels, and what these measures reflect in terms of reforming the banking system by combating corruption and money laundering, and the importance of The continuation of technical meetings between specialists in this aspect. link
Mot: Seeeeeeeee !!! - It Came Up Salad! AGAin! - Must Be True!
News, Rumors and Opinions Friday AM 2-10-2023
Restored Republic via a GCR: Update as of Fri. 10 Feb. 2023
Compiled Fri. 10 Feb. 2023 12:01am EST by Judy Byington
The Cabal Was Attempting to Control Humanity By Implementing a Fiat Digital Currency System and Just as Their Bankrupt Central Banks Prepared For Bank Runs.
Meanwhile, the Quantum Financial System Funded by Gold/Asset-Backed Currencies of 209 Nations Was Ready To Go
Restored Republic via a GCR: Update as of Fri. 10 Feb. 2023
Compiled Fri. 10 Feb. 2023 12:01am EST by Judy Byington
The Cabal Was Attempting to Control Humanity By Implementing a Fiat Digital Currency System and Just as Their Bankrupt Central Banks Prepared For Bank Runs.
Meanwhile, the Quantum Financial System Funded by Gold/Asset-Backed Currencies of 209 Nations Was Ready To Go
Global Currency Reset:
Judy Note: A High Up Source indicated that the funding for the RV has already been released to the US Treasury and was in the Quantum Financial System ready to be distributed. The liquidity for Tier4b to begin appointments would be coming from the Rodriguez Trust some time before, or on, Mon. 20 Feb.
Thurs. 9 Feb. Bruce: An international bank said that once USTN was available at the banks Tier4b appointments would start – and that could be within the next couple of days.
Thurs. 9 Feb. MarkZ: “From the banking side I am continuing to hear they are expecting us to start banking around the 19th-20th and Nesara to kick in. I am hearing around the 20th Nesara/Gesara starts. We will see. This means we have to have the RV/Reset before then. They would have to move quickly from where they are floating now in Iraq to a full blown revaluation. It’s possible and I hear they are prepared for it. …What I am being told is we will get to exchange at a Contract Rate once it crosses around the $1 mark. I think they may do one more small rate increase just to get the dollars off the streets and the Dinar back in the hands of Iraq citizens. Then I think they could go Wham – a Revaluation. …They have two choices (on the Stock Market): a complete crash would force the Reset/RV. They can certainly do it before if they want to….But, if they continue to be idiots they can let it crash in a controlled demolition, or an ugly, ugly event.”
Thurs. 9 Feb. Bloomberg: Iraq Revalues Currency after replacing Central Bank head.
Thurs. 9 Feb. Bruce The Big Call Thebigcall.net 667-770-1866, pin123456#
The retribution funds for 62 and older: compilation of money paid in taxes, interest paid, birth certificate, marriage licenses, divorce decrees that were traded as a bond – will be paid back. Their total into 1 payment per year for 11 years annual traunches starting 15 Feb. through the end of the month 28 Feb.
Social Security will eventually increase and paid on three Weds, one restitution check on the other Wed.
Some Bond Holders received funds (1%) today Thurs. 9 Feb.
Tier 4B notification will be triggered by Bond Holders getting access to their funds.
On Thurs. 9 Feb. an international bank said that once USTN is available at the banks Tier4b appointments will start – and that could be within the next couple of days.
Central Banks Attempting to Control Humanity Through Fiat Digital Currency, Medeea Greere
Judy Note: This Cabal-proposed Central Bank Digital Currency System would not be backed by anything, and has already been rejected by major nations. The Global Financial System on the Quantum Computer StarLink Satellite System was going into effect and will be working off of the gold/asset-backed currency of 209 nations.
The Central Banks are preparing to replace all cash money with a digital currency, the CBDC (Central Bank Digital Currency). This will give them full control over humanity, as they can then monitor every transaction, limit what you can spend, and even delete your funds at will.
It is promoted as something that will make our lives easier. The truth is that it would mean total tyranny for all of humanity.
Our digital funds would be connected to our digital ID, which will be connected to our vaccine status and social credit scores.
Imagine no longer being able to access your funds – when your digital ID shows that you haven’t received your umpteenth vaccine booster.
Or envision how your spending would be limited as the result of posting something on Facebook that the government doesn’t like.
Or worse: what if governments simply erase your bank account because you don’t agree with their policies?
Read full post here: https://dinarchronicles.com/2023/02/10/restored-republic-via-a-gcr-update-as-of-february-10-2023/
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Courtesy of Dinar Guru
Mnt Goat Article: "IRAQ MOVES INTERNATIONALLY FROM THE “GRAY” TO THE “WHITE” AREA" Quote: "Iraq has come a long way in combating the financing of terrorism and money laundering." ...Iraq was removed from the “most dangerous countries” area and moved from the gray area to white...this is fantastic news... So, now that they just told us the level of corruption is acceptable...and that they are in compliance with all international standards in this regard, when will they reinstate the dinar? ...I am telling you get ready…it is not long before IQD is back on FOREX and trading…then we go to the bank.
Frank26 They are not done yet. 'They' being the CBI. 'They' being the prime minister. With what? The monetary reform and economic reform...What is the goal of the CBI with the exchange rate? The goal is to be at least 1 to 1.
Wall Street SUPERBANK WARNS Of "Massive Disconnect In The Stock Market." More Updates.
Greg Mannarino: 2-9-2023
ALERT! Silver Derivative Controllers PANIC! Must Divest by September 25, 2023 DEADLINE!!
(Bix Weir) 2-9-2023
JP Morgan signed a 3-year Differed Prosecution Agreement related to their Silver Market Rigging admission of guilt in 2020. JPM paid a $920M fine for their crime but ALSO booked a $1B gain in precious metal trading in 2020!
That gain was over 20X their normal profit taking in precious metals. On September 25, 2023 that DPA expires and judging by the derivative data from the OCC THEY ARE PANICKING TO GET OUT OF SILVER OTC DERIVATIVES!
Looks like we have a "Drop Dead" date for the Good Guys to Destroy the Criminal Banks...anytime BEFORE September 25, 2023!
Thursday Evening News With MarkZ 2-9-2023
Iraq will need a more decisive rate change. Evening News with MarkZ 02/09/2023
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 Mark and Mods and viewers…….
Member: I've waited so long for my ship to come in, my pier collapsed
MZ: Well, let’s talk about the news we are hearing…there is nothing negative. Still hearing fantastic things.
Iraq will need a more decisive rate change. Evening News with MarkZ 02/09/2023
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 Mark and Mods and viewers…….
Member: I've waited so long for my ship to come in, my pier collapsed
MZ: Well, let’s talk about the news we are hearing…there is nothing negative. Still hearing fantastic things.
MZ: “Exceeded 150K . Dollar prices rise in Baghdad and Kurdistan with lockdown.” Rates are going the wrong direction and I will tell you why. This is good for us as the market didn’t consider the move to 1300 to be enough. The goal in that move was to get all of the folks in country to turn in their dollars for dinar before they did their RV.
MZ: If my sources are correct….in the next few days the rate go to 1000 or 1100. Then after they have made another mad dash to exchange centers and banks….before they pull the trigger. We are seeing very positive moment.
MZ: What I am hearing from the banking side.is that rates are starting to stabilize on their screens into what the rates should be. I will try to get them to share those rates unless they say “Heck no Mark” . I was told the constant changes they had been seeing on the screens is the new system or the new AI balancing things out to where they should be in correlation to other currencies.
MZ: Bond people are still expecting their payouts somewhere around the 19th or 20th.
Member: prepare yourself for the possibility that there will be several rate changes for the dinar.
Member: The Dinar will revaluate according to a number of factors that are playing out now. Hopefully they can get the dollar off the street and in turn will create self worth to the Dinar.
Member: News was awesome today about Iraq meeting with UST
Member: Hi mark Dr Pruitt said 42 states have repealed taxes on precious metals which means they can be used as legal tender
MZ: “Nigeria delays plans to replace its banknotes after chaotic scenes at ATM’s” People were just freaking out. They did not print enough as they expected people to embrace the digital world and start using aps and all online banking…..but people all over the world are digging in their heels and saying no….
Member: went to bank at Tri County in YUBA CITY, only one person in bank at a time, and you can deposit, but can only get $200.00, that's what I was told, no one knew why ALL Tri County banks shut down today
Member: So can anyone answer..IF..dinar takes til July to stabilize would that mean VND would wait til then to RV also?
Member: Mark has said if Dinar goes by itself then Dong will have to follow since the 2 economies are so interconnected.
Member: I'm hearing the weekend of the 20th. Time to let the Dinar shakedown.
Member: let's pray we go before the 20th AND that NESARA GESARA goes on the 20th
Member: Thanks as always for the common sense and grounding MarkZ.
Mod: MR. C WILL BE JOINING MARK TOMORROW!
Member: Goodnight Everyone! Love and Prayers for All!
“THE INFO IN THIS PODCAST IS FOR GENRAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY"
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
More News, Rumors and Opinions Thursday Afternoon 2-9-2023
TNT:
Tishwash: The end of the Iraqi delegation's meeting with the US Treasury Department in Washington
Today, Thursday, Foreign Ministry spokesman Ahmed Al-Sahhaf announced the end of the Iraqi delegation's meeting with the US Treasury Department in Washington, stressing that the Iraqi delegation's meetings with US officials aim to clarify the identity of Iraqi monetary policy.
Al-Sahaf said in a televised statement, followed by (Baghdad Today), that "the meetings of the Iraqi delegation in Washington aim to crystallize a vision with economic priorities and the importance of achieving fundamental approaches related to the identity of Iraqi monetary policy and clarifying this identity."
TNT:
Tishwash: The end of the Iraqi delegation's meeting with the US Treasury Department in Washington
Today, Thursday, Foreign Ministry spokesman Ahmed Al-Sahhaf announced the end of the Iraqi delegation's meeting with the US Treasury Department in Washington, stressing that the Iraqi delegation's meetings with US officials aim to clarify the identity of Iraqi monetary policy.
Al-Sahaf said in a televised statement, followed by (Baghdad Today), that "the meetings of the Iraqi delegation in Washington aim to crystallize a vision with economic priorities and the importance of achieving fundamental approaches related to the identity of Iraqi monetary policy and clarifying this identity."
He added, "The visit of the Iraqi delegation looks in depth to the fact that there are joint procedures between the two sides related to the Iraqi monetary policy, and if we take participatory visions and go for ways to enhance coordination and cooperation, we will witness great support for the government's actions related to fixing a new exchange rate for the dollar and diversifying the sales gates, which is reflected in daily trading." .
He continued, "The meetings are consistent with the contents of the agreement between Baghdad and Washington, and will address the contents of partnership in the field of energy and supporting Iraq in various aspects, and the delegation stressed that Iraq desires multiple partnerships based on the idea of diversifying economic gates." link
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CandyKisses: Integrity: Arrest of the former director of the Trade Bank of Iraq in the UAE
{locality: Al-Furat News) The Federal Integrity Commission announced the arrest of the former Director General of the Trade Bank of Iraq (TBI), on the background of her conviction in a number of cases of administrative and financial corruption, coinciding with the visit of Prime Minister Mohammed Shiaa Al-Sudani to the United Arab Emirates on Thursday.
A statement of integrity received by {Euphrates News} a copy of it that "the recovery department in the authority indicated that it has already organized recovery files against the fugitive convict arrested in the United Arab Emirates, indicating that (17) recovery files were sent to the Presidency of Public Prosecutions; for the purpose of sending them to the UAE; in order to hand over the
The department added that "the conviction caused damage to public money during her tenure as Director General of the Trade Bank of Iraq (TBI) amounting to (1,116,024,788) billion US dollars and (90,786,020.500) billion Iraqi dinars, noting that these amounts were determined in the criminal decisions issued by the competent courts against the fugitive convict."
A source in Al-Zahah told Al-Furat News that "the intention of the announcement of arrest is the former director of the bank (Hamdiya Al-Jaf) required for the judiciary."
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Courtesy of Dinar Guru
Pimpy Article: "Governor of the Central Bank: We affirm that they have proceeded with the government to enhance confidence in the national currency" That's the other issue with Iraq. They prefer the US dollar per the dinar...You got to get people wanting to use their local currency more than the US dollar. And you do that by increasing the exchange rate a little more at a time, giving them more purchasing power and devaluing the dollar within Iraq...I think if everything goes smoothly we're most likely will see another small change in the exchange rate...
Walkingstick [via Frank26] The exchange rate of the Iraqi dinar is not done yet. It has a mission to leave the borders of Iraq. 1750 in the streets, to around 1500 to 1460 with the BI and then to yesterday 1300 to 1 as the official rate. This is what we taught you, the gradual change in the exchange rate...suffice it to say the exchange rate of the Iraqi dinar is going in the right direction and they're not done yet...
Phil Denniston: Free Markets, Education, and The Gold Standard
Palisades Gold Radio: 2-9-2023
Tom Welcomes author and economist Phil Denniston. Phil discusses the inadequacies of his economics education and how economic problems around the year 2000 caused him to question it.
The bursting of the housing bubble lead him to study and learn from a more rational school of economic thought. All the world's problems come back to the bubble-bust cycle and debt. Capitalism is a spectrum and our system has elements of free markets, but it's not truly free.
We set the price of money, and price fix many markets. All of which create distortions. We have cronyism, where markets are controlled by interests of the highest bidder. The types of people we need in government aren't likely to want the job.
A lot of economic activity occurs due to the price fixing of money. We blow up asset prices and create bubbles. This maintains zombie companies that shouldn't be around any longer. Capitalism requires failure, but that doesn't happen as often as it should.
The result is stagnation and eventually recession or depression. Every dollar today is created as a loan. Debt is principal plus interest, and more dollars will be needed to repay it. We have to have endless growth within a finite world.
A lot of conflict comes back to the money system. Our current system is the aberration, in normal economic times money is tied to something of value.
Free markets always choose a backed system.
Government intervention in the system can only make things worse.
A return to the gold standard will never occur until they are forced into this solution. When things blow up, there will be only one way to restore confidence, which is a backed currency.
Hopefully, we actually have the gold reserves the U.S. government claims. Collapse will bring short to medium term pain. Humans are herd animals, and we fear being cut-off from the rest of the tribe.
It's important to train yourself to think differently and apart from the propaganda. Group think can be dangerous, and it's key to stand up for what you believe in. Focus on what you can control.
Time Stamp References:
0:00 - Introduction
1:04 - Economics Journey
6:06 - Those In Charge
9:40 - Fed Distortions
13:42 - The Economic Endgame?
17:56 - Inherent Flaws
19:43 - Systems & Government
27:15 - Realigning Incentives
29:35 - Better Bedtime Stories
34:29 - Madness of Crowds
36:52 - Concluding Thoughts
38:49 - Wrap Up
Saudi Arabia and Russia Just announced a New Oil Strategy that will Change the Entire World Market
Saudi Arabia And Russia JUST ANNOUNCED A NEW Oil Strategy That Will Change The Entire World Market
Tech Revolution: 2-9-2023
Russia and Saudi Arabia have joined forces to create a new oil strategy poised to shake up the global energy market. This new partnership between the world's largest oil producer and one of the biggest oil-producing countries is a major setback for the United States.
In addition, the new alliance between Russia and Saudi Arabia results from improved relations between the two countries.
This partnership was further cemented with the recent meeting between OPEC+, Russia, and Saudi Arabia on February 1.
Crown Prince Mohammed bin Salman of Saudi Arabia recently spoke with Russian President Vladimir Putin by phone. The two leaders talked about ways the OPEC+ group of countries might work together to keep the oil market stable during the phone call.
Saudi Arabia And Russia JUST ANNOUNCED A NEW Oil Strategy That Will Change The Entire World Market
Tech Revolution: 2-9-2023
Russia and Saudi Arabia have joined forces to create a new oil strategy poised to shake up the global energy market. This new partnership between the world's largest oil producer and one of the biggest oil-producing countries is a major setback for the United States.
In addition, the new alliance between Russia and Saudi Arabia results from improved relations between the two countries.
This partnership was further cemented with the recent meeting between OPEC+, Russia, and Saudi Arabia on February 1.
Crown Prince Mohammed bin Salman of Saudi Arabia recently spoke with Russian President Vladimir Putin by phone. The two leaders talked about ways the OPEC+ group of countries might work together to keep the oil market stable during the phone call.
Days later, the Joint Ministerial Monitoring Committee, which is made up of OPEC+ ministers, met virtually. And quotes from OPEC+ delegates said the JMMC group is expected to suggest keeping the same oil output guideline.
The Organization of the Petroleum Exporting Countries and its allies set oil production targets last year, which led to a disagreement between the US and Saudi Arabia.
However, the Saudi Foreign Minister recently stated that the stable oil prices in the market demonstrate that the Kingdom made the right decision. Despite this stability, there are still uncertainties about the supply impact of recent Western sanctions on Russia's oil industry.
And the reason is its conflict with Ukraine and price caps on Russian products introduced in December. The Crown Prince and Russian President Putin also discussed the potential for further cooperation in the political, trade, economic, and energy fields.
Now, an OPEC+ panel was expected to recommend keeping the oil production group's current output policy unchanged. Five OPEC+ sources stated that the Joint Ministerial Monitoring Committee would discuss the economic outlook and the level of Chinese demand.
However, they are unlikely to suggest any changes to the current policy. This is due to the rebound in oil prices in 2023 and the uncertainty related to sanctions on Russia and their impact on supply.
Ole Hansen, head of commodity strategy at Saxo Bank, stated that the group wants to wait and see due to the uncertainty. In fact, they want to keep something that's working well. Furthermore, the Joint Technical Committee meeting scheduled for January 31 has been canceled.
The JTC usually advises the JMMC and the general OPEC+ ministerial meeting on market conditions. Saudi Arabia and its partners will also continue to produce oil at the levels set last year when they reduced production by 2 million barrels per day to balance the market during a weak economy.
The Russian Deputy Prime Minister stated that the oil market is stable. However, there are many uncertainties that could affect it, such as inflation, interest rates, and Chinese demand. Now, oil prices have been unstable at the beginning of 2023, with a rise in mid-January followed by a decline towards the end of the month.
This uncertainty has caused the Organization of Petroleum Exporting Countries and its allies to take a cautious approach. And they did this despite predictions from industry leaders such as Goldman Sachs and Trafigura that prices will increase later this year.
In addition, the OPEC+ Joint Ministerial Monitoring Committee decided to maintain the status quo, causing little change in crude prices at a recent online meeting. China's lifting of Covid-19 lockdowns has also led to increased travel within the country. However, the overall economy is still recovering from a recent resurgence in virus cases.
OPEC is also monitoring the impact of sanctions on Russia. These have been predictions of decreased output due to an expanding European Union ban on imports of Russian crude and refined fuels. And the good thing is oil shipments have remained surprisingly resilient.
OPEC leaders have expressed caution in their decisions. In fact, OPEC's President, Equatorial Guinea's Oil Minister Gabriel Mbaga Obiang Lima, stated that the group must be "very careful on any decision."
Meanwhile, OPEC Secretary-General Haitham Al-Ghais remains "cautiously optimistic" about the global economy, despite weakening growth in some areas due to China's rebound.
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