"Coffee With MarkZ" Monday Morning Chat "Monday Bizzaro Madness" 3-20-2023

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! Hope your all ready for a eventful week

Member: Big week and lots of huge things happening all at once

Member: Today is the 20th anniversary of the Iraq war. ISO200022 is implemented, Ramadan is about to start…….a coincidence????  I don’t think so.

Member:  I'm ready to dance and sing Celebrate Good Times Come On!

MZ: Convertible rates, coins, protests, bank collapses and which decorations do we put up this week?

MZ: It is looking like a great week. They are being forced into a corner where they don’t have a choice.

Member: ​Ramadan starts soon, hoping they are pushing to be done then?

Member:  ISO 22002 starts today & good news from Militia Man last night!

Member: ISO20022 went through last night! Very important!!!

Member: Militia Man had an exciting video yesterday! Nader had an exciting video yesterday! Now it’s your turn Markz !! The trifecta???

MZ: Be sure to watch their videos and like and share…..great information.

Member: Its 20 years ago that we invaded Iraq . Today is the anniversary

Member: today = the 20th anniversary of the Iraq war ending - a good day to begin re-valuing their currency.

MZ: Nader had an important video out yesterday titled “The exchange rate is playable” that the 1300 rate in the budget is adjustable. The rate can change at anytime.

MZ: One of the other big pieces of news coming out of Iraq is about coins and how they will be “immediately “ usable . The first story broke late Thursday into Friday. Then rumors and more confirmations over the weekend.

MZ: They are now allowed to use their coins again in Iraq. Why is this important?  Currently the $50 dinar note is only worth .4 cents or so. A coin is only worth a fraction of a single dinar. This would make no sense. But we have had some clear indicators out of Iraq that 1. The rate in the budget is now changeable. And 2. Coins can be used immediately to support the lower denominations. This is really important.

MZ: Denominations of their coins is similiar to our coins in Iraq.

Member: Coins means we are about to see a big rate change….imo

Member: It’s been 20 years since Iraq used their older coins…why would their people still have these coins and not thrown them away after years on non use….. Awesome sign they are headed to an RV

MZ: I think its big news that they have added a clause to the Iraqi budget that they can the rate of the Iraqi dinar. And them being able to use coins is huge.

Member: Hope the US gets our news money this as well…..Come on USN’s!!!

Member: I hope we have the option of using block chain QFS for our exchanges?  Maybe this is the week it finally takes over from the SWIFT system???

Member: Can the RV happen without the QFS?

ME: Yes. As I understand it….it would not be a full blown reset yet….just a change in value for some of the currencies. In other words if the dinar, dong could revalue without the QFS yet….

MZ: No bond holders paid….No CMKX deliveries yet.

Member: Many banks are going to Implode this week.... this is going to be bigger than their theft of the mortgage loans

MZ: We are watching a consolidation of the entire banking system right in front of our eyes. At last count over 200 US banks are now at risk.

Member: It's amazing how they can pull money out of thin air. To prop up the stock market

Member:  Militia Man and Crew and Goldilocks said that today is the day that the ISO 20022 starts today.

Member: ISO 20022 ….I wonder how it effects us?

MZ: From the Swiss government “Credit Suisse to be taken over by UBS for more than $3 Billion.”

MZ: “ Russian parliament poised to approve the digital ruble as legal tender” Why is that important? Because the digital ruble is asset backed. This would be our first (some call it quantum) currency that is asset backed. This is a huge blow to the fiat system.

Member: Funny I already had thought the yuan and the ruble and others was already gold/asset backed???

Member: Would the RV happen right before the big events, when the big events happen or after. To me it seems like we should be before or else we will be on the same timing as the public?

Member: I am new……do you have a list of the "baskets" ?

Member: These may have changed but here is what I have. 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. Zimbabwe

Member: My theory is that if Iraq posts the rate at $3.78 then the Stock Market WILL CRASH

Member:  My bank app will be down 21st-22nd for upgrades

Member: I had not thought about Iraq’s new rate crashing our markets.

Member: The coins are a HUGE reveal IMO. I wish this would just go. This is the worst movie to watch ever... though the ending should be quite nice

Member:  I think it's a look here and not over there type of thing that's going on.

Member: Pray the RV happens before April 15th and we won’t have to pay taxes this year.

Member: I pray no taxes on our exchange

Member: When you come home from traveling to another country and exchange your foreign currency for dollars, We do not pay tax…..

Member: Marks thinks we will not pay taxes at our exchange.

Member: Charlie Ward has been saying for 3 years now that there will be no tax on redemption currency

Member: All the prophets say that this is the time of the Great Wealth Transfer

Member:  Thanks Mark. and everyone. I feel good about our futures.

Member: ​I feel like wonderful things are about to happen

Member: The Best is Yet To Come

Member: Thank you Mark and mods. Blessings all, much love and appreciation. Stay calm and carry on.

THE INFO IN THIS PODCAST IS FOR GENERAL 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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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS AROUND @ 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

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=nVckvq71410

"Tidbits From TNT" Monday Morning 3-20-2023

TNT:

CandyKisses:  Al-Sudani: Economic reform must be accompanied by firm measures in the fight against corruption

Al-Sudani participates in a dialogue seminar within the activities of the Baghdad International Dialogue Conference

Al-Sudani talks about the government's vision in the fields of economy, foreign relations, service provision and government priorities

Al-Sudani shows the most important general lines that Iraq pursues in the file of international relations and balance in them

Al-Sudani: Economic reform is an approach to progress and growth and achieving the requirements and needs of citizens

Al-Sudani: Economic reform must be accompanied by firm anti-corruption

Tishwash:  this is from Kurdish news

Central Bank: We have more than 70 trillion dinars outside the banking system for circulation

 Today, Monday, the Central Bank of Iraq confirmed that bank lending represents a basic pillar in the work of the banking sector, pointing out that it was a pioneer in stimulating the lending capabilities of the banking sector.

 "We will soon work on developing a national strategy for lending," said Central Bank Governor Ali Al-Alaq, noting, "We are now in the process of evaluating these initiatives and benefiting from lessons and putting them in the right directions."

Al-Alaq added, "Our focus in the next stage will be on financing small and medium enterprises, and the banking sector has reached the highest ceiling for lending." 

And we have more than 70 trillion dinars outside the banking system for circulation, and this is a very large amount and represents a high percentage of the gross domestic product, according to Al-Alaq, who indicated that "we have completed the development of a comprehensive plan and a broad strategy for electronic payment."

He explained, "We will monitor banking services in the field and the extent to which they comply with standards, and we will submit a project to establish a company to guarantee loans," noting that "the banking sector needs more geographical spread, and we commend some banks that have expanded into wide networks."

And Al-Alaq said, “Within Iraq, we call on other banks to promote this spread in the regions of the country,” noting that “lending related to the sectors of agriculture, industry, and services is still at its lowest levels.” 

He stressed, "We need to build a national strategy for bank lending led by the central bank."\

the full speech is here  speech   link

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CandyKisses:  Two decades since the U.S. invasion of Iraq. What has changed?

March 18, 19, and 20, all the way up to early April, are unusual for Iraqis, as they commemorate the 2003 U.S. invasion of Iraq that toppled Saddam Hussein's regime.

What has changed?

The director of the Al-Raffd Center for Media and Strategic Studies, Abbas Al-Jubouri, believes that Iraq witnessed after 2003 a stage of systematic destruction of the infrastructure of cities, as well as the destruction of the industry, agriculture and education sectors, noting that "the US invasion opened the door for the entry of people who occupied the political arena in order to steal the country's wealth at all levels."

According to Al-Jubouri, "Iraq sold oil since its discovery until 2003 for $ 283 billion, while oil sold for more than $ 1310 billion from 2003 to 2021," stressing that "the 5 governments formed during the past 20 years could not build a single new bridge, as destruction and devastation prevailed throughout Iraq."

Over the past years, Iraq has suffered from "sectarian liquidations, wars against al-Qaeda and ISIS, and the spread of armed groups, which resulted in the migration of thousands of young people and families to Western countries in search of security and political stability."

Iraq sold oil since its discovery until 2003 for $ 283 billion, while it sold oil for more than $ 1310 billion from 2003 to 2021

The governments formed after the US invasion of Iraq have left 10 million people below the poverty line, with 43% illiterate, according to al-Jubouri, who pointed out that "US forces came calling for freedoms for the people, but even these freedoms were not implemented, on the contrary, hundreds of people were killed as a result of demonstrations demanding projects, services and job opportunities."

Al-Jubouri told Ultra Iraq that "Iraqis feel sorrow and disappointment for what happened to the country after 2003, adding that "Iraq is now collapsed and suffers from real loss at all levels."

"A successful political system"

Two decades after the U.S. invasion, Iraqis are still wondering about the changes in the country, with some arguing that the last 20 years have been the worst in Iraq's history, while others and others argue that it is better "because they got rid of the former authoritarian regime."

On this matter, Fadel Mowat, a member of the State of Law Coalition, told Ultra Iraq that "Iraqis got rid of a hateful dictatorial regime after 2003 and were able to transform the system into a representative democracy," noting that "Iraqis entered many wars that lasted for years, such as battles with Iran, the Gulf War and others."

Mowat claims that the situation has turned "for the better", as he believes that Iraqis now "enjoy freedoms that they lacked during the previous regime, and the economic conditions for the people have changed," noting that "what hinders the implementation of the new democratic system better, the provision of services and meeting all the needs of the people is the American presence in the country, as Iraq is still an occupied country."

Although "the situation has turned for the better," Mowat said, he does not deny that US interventions "continue under the pretext that they are the ones who rid the Iraqi people of the former dictatorial regime," adding that "there is a declared popular rejection and a real lack of desire for US forces to remain on Iraqi soil."

On the success of the current political system during the past 20 years, a member of the ruling Coordination Framework explained that "the political system after 2003 achieved many successes, while it failed due to foreign interference and dishonest competition between political parties."

Mowat believes that the continuation of external interference in internal affairs will make the country go through "political, economic and even security crises", citing "the importance of Iraq and its position in the region".

"Freedom that did not live up to the required level"

On the other hand, Yassin Aziz, an analyst and political observer, believes that Iraq was better after 2003, because it "got rid of a strong central rule that ruled for decades with all the breaks of the state, describing a change from within as a "fantasy."

Aziz told Ultra Iraq that some stage after the US invasion "witnessed a kind of political openness and political freedom, although it did not reach the level that elevates Iraq to become on the side of advanced democratic countries."

On 20 May 2006, Iraq witnessed the formation of the first Iraqi Government on the basis of "sectarian and component" of the three presidencies (not elected by the people), in what has become a practice and is still in place today, resulting in ongoing political and economic crises that have cast a shadow on the Iraqi street.

Iraq may be witnessing protests against chaos and endemic corruption in the country

In Aziz's opinion, the political process that created the governing authorities during the past 20 years "deviated from the path of the democratic approach that the country was expected to be, and this led to the lack of positive exploitation of the country's enormous wealth due to the great corruption in the political process, and even basic services, including the simplest things such as (electricity, water and other requirements), remained absent from the average citizen and the infrastructure remained dilapidated without real projects, which lost the political process and political parties. Its luster in the Iraqi street."

The October 2021 elections witnessed the largest boycott since the US invasion of Iraq, which for Aziz is "the best evidence of the Iraqi street's rejection of the ruling political class."

Politicians have recently sought to restore confidence in them, Aziz said, "but all the data indicate that the street will not be silent forever and will have a position towards the huge amount of chaos and corruption rampant in the regimes in power."

CandyKisses:  LET US WELCOME SPRING

Mot:  First robin of spring

Judy, MilitiMan , Nader and more.....Monday AM 3-20-2023

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 from the Restored Republic via a GCR: Update as of Mon. 20 March 2023

Compiled Mon. 20 March 12:01 am EST by Judy Byington

Global Financial Collapse Imminent

Since Friday 10 March, 71 US banks and 1,400 banks worldwide have collapsed, plus the Federal Reserve was bankrupt – all of which would instigate a Global Currency Reset.

Judy Note: Juan O Savin recently discussed “Project Sandman” where 100+ nations have a global agreement to end the dominance of the US Dollar and Petrodollar.

He stated, “Most of the conditions to trigger the Sandman Option have been met. One of them was the Petrodollar abdication with Saudi Arabia no longer requiring the US Dollar to buy oil. Another one is tension between the United States, Russia, and China. …An outstanding requirement would be the operational BRICS Reserve Currency. Basically once the BRICS Reserve Currency comes online, then all of these things are met and all of the US Treasuries come back into the United States.”

“So this is planned to happen on a Sunday night. Then on Monday our way of life as we know it is over.” https://prepareforchange.net/2022/03/25/100-nations-have-global-agreement-now-being-deployed-called-project-sandman-to-drop-and-end-dominance-of-u-s-dollar-and-petrodollar/

On Mon. 20 March 1st through #ISO20022, currencies of the World integrated digitally with the Quantum Financial System (GFS), while live test runs on GCR Banking transactions would be made throughout Monday on the new StarLink Satellite System.

Global Currency Reset:

On Mon. 20 March #ISO20022 went active, where currencies of the World digitally integrated with the Quantum Financial System (GFS).

It was reported that last weekend European banks moved into the GFS with live transactions monitored through Monday to ensure that all payments were correct and reached the correct recipients.

Mon. 20 March was the first day of Spring, when ISO 20022 went active and according to Bruce, was also when Bond Holders would have access to their accounts, plus before noon on Mon. 20 March Tier 4b (Us, the Internet Group) was expected to receive notification to set exchange/ redemption appointments.

On Mon. evening 13 March two High Up Contacts reported that the new rates were locked in on Bank Screens; Tier 1 had already gone; Tier 2 was processing and Tier 4 (including Us, the Internet Group) would go within a couple of days.

Sun. 19 March RV Update, Wolverine: 71 US banks and 1,400 banks worldwide have collapsed since last Friday 10 March. The FDIC (Federal Reserve) was leaving. We are looking for a global bank collapse to instigate the Global Currency Reset. DINARES GURUS: “RV UPDATE” BY WOLVERINE, 19 MARCH

Sun. 19 March RV Update, Okie (NOT OkieoilMan) via Twitter: The plane is going to land. No one can control details of the wind speed, navigational system details, or exact flight plan. That is clear and so are the skies. We simply continue to have patience and wisdom knowing that this will come to fruition. It took a little longer to land than I had anticipated because the elevation of the Airport is much higher than originally anticipated. We have been given permission to land and are now in a final approach with the Airport and destination in sight and should be landing momentarily. We should have you at the gate in a very short time now. Those with understanding will appreciate the magnitude of what I posted.

Tues. 14 March Rod Steel: Iraqi Dinar is International IN COUNTRY-in other words Iraqis can use their Dinar internationally.

Since Friday 10 March, banking systems have been able to use the new Unified Payment Interface (UPI) on the QFS for foreign currency swaps. https://dinarrecaps.com/our-blog/goldilocks-prepare-yourselves-for-the-old-guard-to-fall-3-11-2023 

The Federal Reserve was technically bankrupt. In 2023 the Fed will post its first annual operating loss of $80 billion since 1915. It will have a negative capital of $38B. This loss does not count the $1.3 trillion unrealized loss on its portfolio.

Russians, Chinese, Saudis Against US-West: They Ruined Credit Suisse and Laid the Foundation for the Currency of the East: https://warnews247-gr.translate.goog/pyriniko-pligma-roson-kinezon-kai-saoudaravon-kata-ipa-dysis-exaylosan-tin-credit-suisse-vazoun-tis-vaseis-gia-to-nomisma-tis-anatolis/?_x_tr_sl=el&_x_tr_tl=en&_x_tr_hl=en

Read full post here:  https://dinarchronicles.com/2023/03/20/restored-republic-via-a-gcr-update-as-of-march-20-2023/

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

Courtesy of Dinar Guru  https://www.dinarguru.com/

Nader From The Mid East  I'm surprised the rate didn't have changed yet too. A lot of friends of mine they're surprised.  We see.  Monday is the 20th anniversary of Iraq.  We'll see what's going on...

Nader From The Mid East  The budget says about the exchange rate...1300.  It didn't say 1310, 1320... Article... said the exchange rate in the budget is 1300.  I was surprised the budget has a rate in it in the first place.  The second thing, the very good news...they made it open.  They can exchange the rate anytime they want.  Why they did that?  For a reason...that means 1300 is not fixed for the next 3 years. 

Frank26  Article: "Why does not Iraq re-adopt the coin?"  Quote:   "The Central Bank is the only one responsible for supplying the country with its banknotes and coins, while Iraq stopped its dealings with "coin" years ago, despite the continuation of its work after 2003."  THE MONETARY REFORM EDUCATION IS REACHING ALL THE LEVELS... WHY TEACH ABOUT THE COINS?  BECAUSE THEY ARE NOW COMING OUT WITH THE NSCN's. BY THE WAY THIS IS NOT A QUESTION THIS IS MONETARY REFORM EDUCATION.

Coins - Delete Zeros - Holiday - Convergence

MilitiaMan and Crew:  3-19-2023

Anniversary of the Gulf war, ISO20022, BUNA,, Ayuscuda, Ramadan, Nuruz Holiday for all of Iraq, Coins ……and more

https://www.youtube.com/watch?v=-tJ3ccrS1PU

March 19, 2023

Nader from the Mid East:  3-19-3034

https://www.youtube.com/watch?v=DrQQ6fywLDI

Zig’s Place Chatroom News Sunday Afternoon 3-19-23

Zig’s Place Chatroom News Sunday Afternoon 3-19-23

Butterfly   The Central Bank imposes the electronic platform on all banks and exchange companies (document)

Economy  2023-02-19 | 13:29   Today, Sunday, the Central Bank imposed the electronic platform on all banks and exchange companies, starting tomorrow.

The bank said, according to a document addressed to all licensed banks, all exchange companies, and all licensed foreign currency mediation companies, which Alsumaria News reviewed, that "it was necessary to adopt the electronic platform for the cash sale of foreign currency, as of Monday, corresponding to 2/20/2023."

He added, "The bank or company that does not use the aforementioned platform will be denied access to its weekly share of cash (dollars)."

butterfly   LINK

Sheila   POSTED SUNDAY, MARCH 19, 2023:  Tomorrow is a very exciting day for all of us. We begin our journey into the digital asset-based trading ecosystem through ISO 20022.

The final phase of development in the QFS will be a determination made between stablecoins and digital tokens.

Stablecoins are backed by commodities with a fixed rate of a commodity value placed on them.

Digital Tokens are value derived by the amount of money held in a customer's digital wallet.

The banking system believes that a more stable rate can be placed on digital tokens versus stablecoins.

Both tokens represent stability and security for the holder of them. The commodity system that backs both of these assets is held in the custody of financial institutions who mint them.

When all of the dust is settled on the coming transformation of our markets currently being tokenized, we will then be able to place tangible monetary values on the currency / digital currency sector of the market to support them.

Legislation on our monetary reforms will be formulating and becoming visible this month. As Congress votes on this final process and development of the QFS, we will get a clearer picture as to when and how our currency revaluations will take place around the world.

© Goldilocks https://www.blockworks.co/news/deposit-tokens-way-into-defi

https://cryptobrowser.io/news/swiss-bankers-association-propose-the-adoption-of-deposit-token/

Sheila   https://www.investopedia.com/terms/s/stablecoin.asp#:~:text=Stablecoins%20are%20cryptocurrencies%20that%20attempt,a%20commodity%20such%20as%20gold

 Sheila   POSTED SUNDAY, MARCH 19, 2023, 8:00AM -- "On Monday, 20 March 2023, more than 11,000 institutions in over 200 countries and territories, their vendors and technology teams, and many domestic payments platforms will start their migration to ISO 20022 for payments and related messaging."

This is one of the largest migrations ever taken by a financial institution in the history of our world.

It is a life-changing event that will affect every person around the world.

I want to personally thank each person who has followed me since early last year on this journey to learn about this new digital banking system, but our work is not over just yet.

Once we have this payment system in place that will unify various Payment Systems from all over the world, we can then formulate prices on the digital currency values and currency values going forward.

It is an exciting time for all of us.  © Goldilocks https://auspaynet.com.au/insights/blog/ISO20022NewDawn

Sheila   So in light of what Goldilocks is saying, it looks like it could be at least 10 maybe up to 30 days for full migration, implementation? Not to mention working out the error codes and patches needed to fully integrate with data and referential integrity?

Zig   sheila : We gonna be rich soon?

Sheila   Zig Soon... Ish -- lol lol

Zig    HOLDING:Breath: LOL

Sheila   Zig With mirrored accounts in this new system, then currency revaluations could provide asset backed financial system which we have come to identify as QFS.

Sheila   We shall wait and see how this week unfolds.

Zig   :Fingerscrossed:

Dave   been waiting over 750 weeks fer this to unfold.......whats another week

Zig   :Joyous:

Sheila   Zig I am quietly excited.

Dave   .....ZZZZZZZZZZZZZZZZZZZZZZ

butterfly   sheila keeping fingers crossed

Zig   But seriously.....nothing much excites me in this any longer....but I will remain hopeful

butterfly   What excites me is seeing how Iraq has evolved.

Sheila   ditto

Dave   Now have reliable power?

Dave   IQD now 1550?

butterfly   Like with a cult mind, it takes years to cleanse. Iraq is learning how to live in a sovereign country when living under a dictatorship for decades.

Sheila   paradigm shift

Sheila   ripple effect takes time

butterfly   a big one sheila

Dave   Cult minds......? Where be Ukraine......Asia?

Butterfly   I hope the month Ramadan doesn't hold up moving forward in Iraq.

Sheila   Dave Only need one linchpin event or shotgun start. Iraq has consistently been touted as the leader of the pack for revaluations/currency reset.

Dave   YEPPERS!

Sheila   Dave Ukraine ,,, Asia are political hot spots. Iraq is financial hot spot.

Dave   Iraq has the most with the least

Zig   Dave : Untapped Potential

Dave   Tapped with corruption

butterfly   Dave every country has corruption

Zig   Who let this negative guy in here??....lol

butterfly   We are facing a lot of corruption right now

butterfly   Zig with negativity you throw positivity

Dave   call it hopium?

Dave   Iraq listed as one of the most corrupt nations in the world

Sheila   Dave Yes, corruption is one aspect of their transition. We are seeing it because of the financial shifts.

butterfly   I say we are seeing this because we are invested in their currency. If we weren't, we would have no clue, or no interest in Iraq.

Sheila   Dave Believe more good than bad at this point. my opinion only.

Dave   sheila Agree

Sheila   butterfly shine on

butterfly   sheila I agree. We must look at positivity

Dave   Manifest destiny....

butterfly   antiquities thousand of years old are being discovered. I know that means nothing to most, but it truly does interest me.

`Sah   nytimes.com  The New York Times   BREAKING NEWS  Silicon Valley Bank was under scrutiny by the Fed for over a year for risky practices and the bank received repeated warnings. It wasn’t enough.

Sunday, March 19, 2023 12:08 PM ET   The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.

Sah   I am so glad the other banks chipped in to save this bank. Etsy banks with this bank. Thousands of people that craft and sell their wares on Etsy would of been affected as Etsy collects the money and takes their commission and then banks the money digitally to the vendors bank account. I am sure they run in the millions that they pay out a week. It would of effected a lot of small businesses and would of been a disaster. Large payrolls were kept at that bank to pay employees. It would of trickled down everywhere.

Dave   Lemming effects........? Folks scared pulling monies not a contributing factor?

Sah   Dave Large stock holders pulled out billions days before crash. CEO's took out a portion of their holdings days before.

Dave   that sounds dicey

Sah   Millions of dollars in payroll a week is paid out of that bank.

Dave   Mmbership has priviledges i suppose

Sah   Ten thousands of people here in California would of not got their paycheck.

Sah   Dave Membership has nothing to do with it. How about insider trading? Now that would be a better question.

Dave   Sah again being sarcastic.......

Sah   Dave Leave your sarcasm at the door. I do not abide by it and it makes you look stupid.

Dave   Doh.....

Sah   It rubs me the wrong way.

Dave   Ouch...Some may now believe that Ukraine not part of Europe as stated by MTG......Think I support that also.?....Many suggest she be brilliant!

Dave   Suggesting if i was a major shareholder/executive of SVB i may have pulled my cash out before it crashed........  Though very honorable go down with a sinking ship

Sheila    https://pbs.twimg.com/media/Frg8V5jWAAcqnmG?format=jpg

Sah   sheila Bank of America, Wells Fargo, JP Morgan and Chase were the banks that bailed out SVB.

Sheila   Sah ripple effect - minnows to the whales

Sah   There might have been a couple more but they are back on track making million dolar payrolls there and Ets which is all in the millions so they were completely covered.y is running there funds thru to pay their sellers. They were completely covered for all their funds.

Sah   They popped for 100 percent solvent with their company accounts, now as to their bonds up side down they got a loan from these banks to straighten it out.

Sah   The Feds need to stop raising interest rates that make these bonds upside down that the Bank bought when there was low interest rates.

Sah   Moral of story for us middle class is not to hold more than $250,000 at one bank and diversify and move the rest to other banks not affiliated. You are insured for that amount by the Federal government. Credit Unions are iffy depending and need to be asked what is insured and what is not.

Sah   WATCH: Chinese President Plans To Visit "Best Friend" Putin Next Week In Russia

Written By BlabberBuzz | Sunday, 19 March 2023 Things between the United States and Russia were already tense, but relations have reached a new low after Russia was accused of downing an American drone in the Black Sea. Chinese President Xi Jinping is scheduled to visit his best friend, Vladimir Putin, to show the world his support for Russia.

According to NY Post, “Both China and Russia have confirmed the planned visit, with the Kremlin saying that Xi will be staying in Moscow from Monday to Wednesday at Putin’s ‘invitation.’”

The trip to Moscow will be President Xi Jinping’s first visit outside the country since his third term began. It will also be one of his first meetings with Putin since the situation in Ukraine began. Putin and Jinping became intense allies weeks before troops headed across Ukraine’s borders.

They said they have a partnership that does not have limits, signaling that China will continue to stick by Russia.   This has been wonderful for Russia, which has been isolated or sanctioned by large parts of the world since invading Ukraine. Meanwhile, the friendship between the two countries has the United States and Europe concerned.

The United States has constantly cautioned China against sending weapons to Russia, which President Jinping vehemently denies ever doing. However, he does take the time to condemn Western countries for sending billions worth of weapons to Ukraine.

The round of weapons sent to Ukraine will soon include fighter jets. Instead, the Kremlin says this visit builds trust between the two countries, strengthening their partnership. A schedule showed that the two would start the planned trip with a one-on-one meeting and an informal lunch. Per NY Post,                                                                                                         

Sah   “‘During the talks, topical issues of further development of comprehensive partnership relations and strategic cooperation between Russia and China will be discussed,’ said Kremlin spokesman Dmitry Peskov.” Peskov also stated that the two would exchange views and sign documents but did not provide specific details. Recently, China expressed concern over war escalating due to Russia taking down an American drone.

While Americans keep a close eye on this newfound friendship, we should remember that China calls for peace in Ukraine. Last month, China published a plan to end the Ukraine situation. China has also encouraged negotiations between the two countries, so President Xi Jinping can help stop the situation in Ukraine. WATCH: Chinese President Plans To Visit 'Best Friend' Putin Next Week In Russia

https://www.blabber.buzz/conservative-news/1047604-watch-chinese-president-plans-to-visit-best-friend-putin-next-week-in-russia?utm_source=c-alrt&utm_medium=c-alrt-email&utm_term=c-alrt-ATT&utm_content=7-9Uy-xumskD9xMyTSkiAIkiuaA_ykwve9Xw8o5h5Yrk.A

Sheila   Top 10 Approved ISO 20022

https://i.ibb.co/ZNdGWqg/pic-Top-10-Approved-ISO-20022-Fp-QEVBu-XEAEFhh-G.jpg

Sheila   The New Financial System (cannot find original source link):

https://i.ibb.co/ZNdGWqg/pic-Top-10-Approved-ISO-20022-Fp-QEVBu-XEAEFhh-G.jpg

 Sheila   We shall wait and see what Monday brings in banking and financial systems all around the world.

Sheila   "This is how the #ISO20022 migration in Europe (#TARGET2) will proceed this weekend and next Monday: 1) Tomorrow and Sunday, the banks will 'move' their positions into the ECB's new system and check the correct booking. 2) On Monday morning, things will get exciting."

"Then, the first live transactions will be carried out. Throughout the day, checks are made to ensure that all payments with the correct information reach the correct recipients. Only in the course of Monday will it be possible to determine whether the migration has run without errors."

© Payment Infrastructure News

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

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

Goldilocks "Tomorrow is a Life Changing Event" 3-19-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted comments with 3 links:

Tomorrow is a very exciting day for all of us. We begin our journey into the digital asset-based trading ecosystem through ISO 20022.

The final phase of development in the QFS will be a determination made between stablecoins and digital tokens.

Stablecoins are backed by commodities with a fixed rate of a commodity value placed on them.

Digital tokens are value derived by the amount of money held in a customer's digital wallet.

The banking system believes that a more stable rate can be placed on digital tokens versus stablecoins.

Both tokens represent stability and security for the holder of them. The commodity system that backs both of these assets is held in the custody of financial institutions who mint them.

When all of the dust is settled on the coming transformation of our markets currently being tokenized, we will then be able to place tangible monetary values on the currency / digital currency sector of the market to support them.

Legislation on our monetary reforms will be formulating and becoming visible this month. As Congress votes on this final process and development of the QFS, we will get a clearer picture as to when and how our currency revaluations will take place around the world.

© Goldilocks

https://www.blockworks.co/news/deposit-tokens-way-into-defi

https://www.investopedia.com/terms/s/stablecoin.asp#:~:text=Stablecoins%20are%20cryptocurrencies%20that%20attempt,a%20commodity%20such%20as%20gold.

https://cryptobrowser.io/news/swiss-bankers-association-propose-the-adoption-of-deposit-token/

~~~~~~~~~~

RJ:  Goldilocks posted comments with a link:

"On Monday, 20 March 2023, more than 11,000 institutions in over 200 countries and territories, their vendors and technology teams, and many domestic payments platforms will start their migration to ISO 20022 for payments and related messaging."

This is one of the largest migrations ever taken by a financial institution in the history of our world.

It is a life-changing event that will affect every person around the world.

I want to personally thank each person who has followed me since early last year on this journey to learn about this new digital banking system, but our work is not over just yet.

Once we have this payment system in place that will unify various Payment Systems from all over the world, we can then formulate prices on the digital currency values and currency values going forward.

It is an exciting time for all of us.

© Goldilocks

https://auspaynet.com.au/insights/blog/ISO20022NewDawn

~~~~~~~~~~~~~~

RJ: Goldilocks posted the following link:

Takeover of Credit Suisse bank could see 10,000 jobs lost.

https://www.9news.com.au/finance/credit-suisse-crisis-critical-hours-to-decide-survival-of-bank/d0cea744-8583-4c48-970c-4db1de6eb743

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/goldilocks

"Why the US Must Consider Returning to the Gold Standard" Steve Forbes

Steve Forbes: 

Why The US Must Consider Returning To The Gold Standard

3-18-2023

Steve Forbes calls out the taboo of discussing the gold standard in serious conversations about the economy, and points out that were the US still using it, many economic crises would not have occurred.

https://www.youtube.com/watch?v=hwGWz6aRDw8

News, Rumors and Opinions Sunday Afternoon 3-19-2023

KTFA:

Clare:  Iraq is close to activating an agreement with "Total" worth 27 billion dollars

The Iraqi Oil Minister, Hayan Abdul-Ghani, said, on Sunday, that the talks that Iraq is holding with the giant French energy company, Total Energies, to resolve the sticking points in a delayed activation deal worth $ 27 billion have reached “advanced stages.”

"They are close to activating the contract," Abdel-Ghani said at an energy conference.

The agreement, which Baghdad hopes will contribute to reviving foreign investment in the country, was signed in 2021 on the basis that it would allow Total to build four oil, gas and renewable energy projects with initial investments of $10 billion in southern Iraq over 25 years.

However, disagreements between Iraqi politicians over the terms of the agreement hindered its implementation.

Sources told Reuters that Iraq's request for a 40 percent stake in the project is a major point of contention, as Total Energy wants a majority stake.

In response to a question about whether the issue of Iraq's share in the project has been resolved, Abdul-Ghani said that the time is not appropriate to discuss the matter, adding that the announcement of the shares will take place when an agreement is reached.

Abdul-Ghani also said that Iraq is committed to maintaining an oil production rate of 220,000 barrels per day, in line with the quota set by the latest agreement of the OPEC+ alliance to cut production.

The minister added that Iraq is ready to increase its production if the OPEC + alliance decides to do so.

"We forced some oil companies operating in the south to reduce production in line with the agreed OPEC + rates," he said.  link

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

Wolverine: 

71 US banks and 1,400 banks worldwide have collapsed since last Friday.  March 10th.

 The FDIC (Federal Reserve) was leaving.

 We are looking for a global bank collapse to instigate the Global Currency Reset.

 Bondholders should get their liquidity at the time Tier 4b (US, Internet Pool) get their trading appointments.  Many Noteholders have received their Quantum Access cards to access their accounts in the Quantum Financial System.

 The remaining Noteholders were scheduled to receive their Quantum Access cards by Fedex on Saturday.  March 18 or Sunday.  March 19 and will have access to their accounts on Monday.  March 20 or Tuesday.  March 21st.

 Anyone who trades in for a million dollars or more will receive a Quantum Key Card.

 The ISO 2002 legislation will be enacted on Monday.  Mar 20: That has to do with all countries' asset-backed currencies being digitally in the Quantum Financial System.

 Before noon on Monday.  March 20 Level 4b should receive our appointments.

 Juan O Savin has said that NESARA / GESARA should be announced before Saturday.  April 1st.

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

Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:   They have opened 6 new branches in and around Baghdad.  They are telling us these 6 new branches...are being set up to help collect the citizens depositing dinars.  They are calling it the 2nd phase to get dinars deposited... FRANK:  The CBI is setting up these large depositing areas where the Iraqi citizen can go convert his 3-zero notes into the new small category notes...The CBI is super eager to collect as many 3-zero notes as possible back.  It's brilliant.  

yada   ...the activation of their debit, credit, and prepaid cards on Sunday so they can buy and sell internationally, would have to include a valid rate, not a program rate of 1300 to 1.  Believe the float will begin and we will have to option to exchange some at the low rate or wait. Mainly, the release is upon us.  I'm also of the mind since, "All Boats Rise With The Tide", we may see a slight increase in the dong also.

Markets A Look Ahead: MASSIVE Banking System BAILOUT Under Way. Make Or Break For The Market.

Greg Mannarino:  3-19-2023

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

The US Dollar Will Join the Zimbabwe Dollar in the Graveyard of Dead Fiat Currencies

Peter Schiff:  3-19-2023

Peter Schiff and Mike Adams discuss the banking failures and what that means for the economy, inflation, and currencies.

https://www.youtube.com/watch?v=tI47nQUFRXA

"Banking Crisis News" From Bob Mariarty and Sean Foo Sunday 3-19-2023

Entire Financial System Is Bankrupt | Bob Moriarty

Liberty and Finance:  3-19-2023

The entire banking system is bankrupt, says Bob Moriarty. "All banks are at risk."

Gold spiked on Friday as investors rushed towards real assets.

He discusses how the real problem is the one nobody is talking about yet: the derivative bubble. Derivatives have introduced unprecedented counter-party risk into the system.

The solution? "You cannot have an honest economy without honest money."

INTERVIEW TIMELINE:

0:00 Intro

1:30 Banking system

14:30 FDIC

22:15 Credit Suisse

23:30 Bond losses

25:00 Bank takeover?

27:20 Preparedness

30:15 Moriarty's flying adventure

31:40 Moriarty's books

https://www.youtube.com/watch?v=EAAE3NqndPw

Fear & Panic Strikes Banks | Liquidity Crisis Is Breaking The Financial System

Sean Foo:  3-19-2023

Wall Street is scrambling for money, borrowing record amounts from the Federal Reserve. The liquidity crisis is getting worse as big banks are now injecting money into First Republic bank to prevent a collapse.

They are all afraid of further bank runs and trust in the financial system is eroding.

As rates go higher, the banking crisis is going to get more painful. Here's what you must know!

Timestamps & Chapters:

 0:00 Massive Liquidity Panic

 1:48 Panic Borrowing!

4:00 The Big Bank Run Fear

6:27 Bailout Crisis Getting Worse

 8:27 Too Big To Fail

10:40 Crisis Going Global

https://www.youtube.com/watch?v=z0BlR7zJ-as

"Tidbits From TNT" Sunday 3-19-2023

TNT:

CandyKisses:  Sudani: The corruption pandemic represents the biggest battle

Baghdad / Nina / Prime Minister Mohammed Shia Al-Sudani said that the corruption pandemic represents the major battle, indicating that we seek political calm after the clamor.

He said at the Baghdad International Dialogue Conference: The national wealth belongs to all Iraqis and we seek to achieve all the goals set.

Al-Sudani added: The biggest challenge is to restore the confidence of citizens through achievements.

He explained: The corruption pandemic represents the great battle and complacency with it means losing everything.

CandyKisses:  Sudani: Our government has drawn an ambitious program for the advancement of Iraq

Sudani: Iraq has regained its natural position as an incubator for dialogues

 Prime Minister: We are determined to restore Iraq to its natural position

 Prime Minister: Our government has drawn an ambitious program for the advancement of Iraq

 Prime Minister: We have given the private sector an important role Prime Minister: We will not tolerate any defect that may cause the exploitation of people's funds Prime Minister: The corruption pandemic is a major battle Prime Minister: Iraq has the ingredients to rise

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

CandyKisses:   Al-Sistani explains how the beginning and end of the month of Ramadan are proven from a legal point of view

Baghdad – Nas  

The website "The Twelve Imams" republished excerpts from Ali al-Sistani's book "Fasting is a Paradise of Fire", which includes how the beginning and end of the month of Ramdasan are legally proven.  

The presence of the crescent on the horizon is proven in one of two ways:  

1- Thirty days have passed from the crescent of the previous month, the lunar month does not exceed thirty days, so if thirty days have passed, it is known that the crescent is on the horizon, so the new lunar month begins.  

2- Sighting the crescent at sunset on the twenty-ninth day, which shall be judged by the end of that month and the beginning of the following month.  

What is meant by ((sighting the crescent)) is what pervades the vision of the taxpayer himself, and the vision of other people:  

(a) If the taxpayer begins and sees the crescent with his own eyes, it is proven to him that the new month has begun, even if others do not see it, as long as he is sure and confident of seeing it and is not likely to fall prey to error and illusion.  

(b) If he does not see the crescent himself, but it is proved to him that other people have seen it themselves, this is sufficient for him to rule at the beginning of the new month:  

Q: How do you prove to him the vision of others?  

A: It is installed in one of the following ways:  

1- The testimony of two just men that they saw the crescent.  

Their certificate shall be revoked and shall not be taken into account in the following cases:  

(a) Obtaining knowledge or reassurance that they are suspected of claiming to see the crescent.  

B: They differ in such a way that what one of them tells that he has seen is not what tells the other about his sighting, as if one of them claims to have seen the crescent convex to the side of the earth and the other claims that he saw it convex to the north.  

A: The existence of a testimony contrary to their testimony, as if a gathering was initiated and only two justices were called to see and the others did not see it, including two justices who are similar in visual ability and in knowing the beginning of the crescent, while assuming the purity of the horizon from what may be an obstacle to seeing them.  

2- The testimony of a large gathering of his vision so that the frequency or commonness useful for knowledge or reassurance occurs.  

3- It is proven that he is seen by the religious authority if he inherits trust  

And reassurance that the vision has actually been achieved or that the evidence for it is based on advanced specifications.  

Q: If more than one testifies to the sighting of the crescent, but accurate scientific predictions confirm that the moon has not yet emerged from the new moon, or if meteorological centers announce that it is not possible to see it for them with close-up tools and focused observation, does this prevent the testimony of witnesses from being taken?  

A: In such cases, the existence of the crescent is usually not trusted in a visible way, so these certificates are canceled.  

Q: Even if there are two fair witnesses among the witnesses?  

A: It depends - then - on their testimony unless knowledge or reassurance of their mistake - as mentioned

Q: Is it sufficient for accurate astronomical calculations to prove the crescent if its birth is confirmed and its validity is reassured?  

A: It is not enough unless there is reassurance that it appears on the horizon in a visible way.  

Q: Is it enough to see it with telephoto instruments if it cannot be seen with the usual naked eye?  

A: Not enough.  

Q: Is it sufficient to see it in a country other than the taxpayer's country if it is not possible to see it in the taxpayer's country?  

A: It is not enough unless seeing it in that country requires seeing it in the country of the taxpayer if it were not for the obstacles such as clouds, dust, mountain or the like.  

Q: And when is it necessary?  

A: In two cases:  

1- The country of vision should be located in the north or south of the taxpayer's country with the union of their horizons at sunrise and sunset.  

2- The country of vision should be located in the east of the taxpayer's country, with them not far in latitude too far.  

Q: If the country of visibility is located in the west of the country of the taxpayer, as if the crescent was sighted in Damascus and the taxpayer in Baghdad?  

A: It is not proven that the month has entered the taxpayer's country, yes, if he stays longer in the country of visibility more than the countries differ in the sunrise and sunset, this reveals the possibility of seeing him in the taxpayer's country and if he is not actually seen in it.  

Q: Is it possible to discern from the height of the crescent when it is seen for the first time, or from the fact that it is encircled (1), or from the length of its stay on the horizon for an hour or more, that it is not the son of one night, but the son of two nights?  

A: No, the most indicative of these cases is that the moon came out of the moon long before sunset, and does not indicate that it could have been seen at sunset last night.  

Q: If the thirtieth night of the month of Sha'baan falls and the crescent is not seen, is it permissible to fast during the day?  

A: It is permissible to fast not with the intention of Ramadan but with the intention of the last day of Sha'ban or with the intention of judgment, for example.  

Q: If he fasted as well, then it turns out that it was from the month of Ramadan?  

A: Break it and stop fasting on the first day of the month of Ramadan.  

Q: If the thirtieth night of the month of Ramadan falls and the crescent is not seen, is it obligatory to fast during the day?  

A: Yes, unless it turns out during the day that it is the first day of Shawwal, then it will break the fast.  

Q: But if he fasts until night and then it turns out that it was from the month of Shawwal, will he not be a sinner by fasting on the day of Eid?    

A: No, because he fasted and he does not know that the month of Shawwal has begun.  

(1) That is, the dark part of the moon is surrounded by a thin thread of light.  

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

Tishwash:  Shamkhani arrives in Baghdad, accompanied by the head of the Central Bank of Iran and a diplomatic delegation

The Secretary of the Iranian Supreme National Security Council, Admiral Ali Shamkhani, arrived in Baghdad today, Sunday, on an official visit.

A source at the Iranian embassy in Baghdad told Shafaq News agency: Shamkhani is accompanied on his visit by the head of the Central Bank of Iran and officials of the Iranian Foreign Ministry.

He added that Shamkhani will discuss with Iraqi officials the security of the border areas between the two countries, especially the western borders related to the Kurdistan Region, and a memorandum of understanding will be signed in this regard.

A source in the Iraqi government told Shafaq News agency yesterday, Saturday, that the visit of the Secretary of the Iranian Supreme National Security Council, Admiral Ali Shamkhani, to Baghdad aims to conclude a memorandum of understanding regarding border security between his country and Iraq.

Shamkhani will also participate in the Baghdad International Dialogue Conference in the Iraqi capital, with the participation of security officials in Iran, the UAE, Turkey, Syria, Qatar, Saudi Arabia and Jordan.   link

Mot:  Happiness is simple

CandyKisses: THE BEST THING ABOUT THE GOOD OLD DAYS....

Nader, Frank, Pimpy and more...Sunday Morning 3-19-2023

KTFA:

Henig:  Mahmoud Abbas: Giving confidence to the Sudanese budget is everyone’s responsibility. Citizens are waiting

 Baghdad Today-Baghdad

MP Ahmed al-Jubouri Abu Mazen said on Saturday that granting confidence to the exchange doors guaranteed by the government of Mohammed Shia al-Sudani is everyone’s responsibility without delay.

 Al-Jubouri said in a tweet seen by (Baghdad Today), that "the political disruption of the federal budget is an Iraqi phenomenon par excellence, and it is long awaited to get out of the end of the tunnel."

He stressed that "granting confidence to the exchange doors set by the Sudanese government is the responsibility of all partners,” noting “Our people complain about services, displacement and unemployment, and it is not right to reward their patience with further delay. On the eve of elections."   LINK

Henig:  Al-Sudani and Al-Hakim stress the need for parliament to speed up the reading and approval of the budget

Baghdad Today-Baghdad

Prime Minister Mohamed Shia al-Sudani and head of the National Wisdom Movement Ammar al-Hakim stressed the need for the House of Representatives to expedite the reading and approval of the budget.

Al-Hakim said in a statement received by (Baghdad Today), “During our meeting with Prime Minister Muhammad Shia Al-Sudani, we discussed the developments of the political scene in Iraq and the region, the upcoming entitlements and the shape of the relationship between the government and the House of Representatives, we renewed our support for the government and its steps in combating corruption and providing services

We stressed the importance of maintaining the service file and upgrading services throughout the country, and we also called for attention to the provinces and holding sessions of the Council of Ministers in them and working to solve problems and provide services.”

He added, “On the federal budget, we called on the House of Representatives to expedite its reading and approval so that the government can implement its paragraphs,

We showed the importance of security, social and political stability in supporting the government’s path, and we called in this context to perpetuate pre-emptive strikes in the fight against terrorism and its sleeper cells, we also stressed the importance of resolving the outstanding problems between the federal government and the regional government and addressing them according to the formula of concession to Iraq and the supreme national interest.”    LINK

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

Courtesy of Dinar Guru

Pimpy  I get a lot of people saying, ‘How come Iraq’s currency is not the same as Kuwait?’ It’s not that simple.  At one time it was very close to the same exchange rate as the Kuwait dinar…but things have changed since then…That doesn’t mean it can’t get there again.  It can.  But there’s a lot of hurdles that need to be crossed…I don’t think they’re going to get there anytime real soon.  But you will see the dinar start to go up in increments as they get their ducks in a row. It seems this administration is doing everything they can as quickly as possible to reach that level so you never know.  We’ll see where Iraq ends up…

Frank26  Question “With the banks having a shortage of cash should we give them a heads up that we’ll be coming in and the amount exchanging?”  Oh, yeah…you’re going to need an entourage.  You need a team.  You don’t want to walk in there by yourself…I will tell them I want $100,000 in cash by next Thursday.  It will be there.  It may take 2 weeks.  It may take a while but they will deliver you the money…you’ve got to order the amount of cash you want…you need your CPA…book keeper…tax consultant…tax lawyer who can answer all these questions for you.

Really good article come out today from Iraq about IQD and banks

Nader from the Mid East:  3-18-2023

https://www.youtube.com/watch?v=oYK8iK6TLNs

The exchange rate it’s playable

Nader from the Mid East:  3-18-2023

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

More News, Rumors and Opinions Saturday PM 3-18-2023

TNT:

CandyKisses:  Why is Iraq not reintroducing the coin?

With the increase in inflation in local markets, talk has returned in economic circles about the reasons why Iraq did not resort to issuing coins in order to restore the value of the small currency, which has become worthless in daily transactions.

 Economists believe that coins facilitate many daily banking transactions

The central bank is solely responsible for supplying the country with its paper and metal currency, while Iraq suspended its dealings with "coins" years ago, although it continued to operate after 2003.

 Not long ago, the Finance Committee of the Iraqi Council of Representatives called on the Central Bank to reintroduce the "coin", justifying that "this has given strength to the economy of countries in the Middle East."

Jalil al-Lami, an expert in economic and financial affairs, said that the coin is one of the most important features of the economic and financial system in the world, but Iraq "lacks it today, despite the fact that its circulation was large in the last century."

 According to al-Lami, small coins facilitate many day-to-day banking transactions, as "the use of denominations and their descent into circulation will give a nominal value to the currency."

According to Al-Lami's interview with Ultra Iraq, most neighboring countries find that "the exchange rates of their local currency are very high against the dollar, and they basically have a coin through which to work to preserve the currency and not need to order more banknotes, especially those of small denominations."

The reason for the neglect of coins in Iraq is due to "the high cost of minting coins, which costs more than paper currency, as well as the difficulty of carrying them for citizens," al-Lami said.

After inflation in the economy and the words of the illiterate, it became difficult to mint coins and make them in circulation among citizens, so "the step of deleting zeros is supposed to precede the process of minting coins so that there is value for small denominations versus large ones and then resorting to minting coins."

Iraq witnessed the issuance of the first new currency in 1931, which was bronze coins.

 But there are those who believe that the non-use of this currency is due to a technical or procedural reason and is not related in any way to inflation, according to economist, Hussein Jaber, who explains that "if the denomination of one thousand dinars is used paper or metal, if any, this does not cause any change in the general level of prices, because it is a means of exchange and transfer of value between the seller and the consumer."

The price inflation that most people feel is in the inflation of the number and not the value, because according to Jaber the Iraqi dinar is still legally "worth 1000,1000 fils, and because of the excessive issuance of money it has become equal to <>,<> dinars, which is in fact one dinar," stressing "so there is no effect of using the coin."

Jaber told Ultra Iraq that "coins are used for small denominations of currency as small parts that give greater flexibility in dealing and achieve a degree of justice for the benefit of consumers, while large coins are not compensated with coins for technical considerations."

Important pros

 But Jaber acknowledges that the coin has advantages that are reflected in the incomes of consumers and low-income earners such as employees, retirees and others.

 He explains that "coins are small denominations and form parts of a large currency, they can cover the differences in prices flexibly without loss to the consumer or seller and limit the exceptional profits achieved by sellers by selling their cheap goods at higher prices that correspond to the available currency denominations, for example: the price of a small bottle of water is 135 dinars in bulk Its price with profit is 175 dinars, but the selling price to the consumer will be 250 dinars, as there is no denomination smaller than 250 dinars to return For the consumer, he can accept this price for one bottle or buy three bottles for 500 dinars even if he does not need them."

Regarding the high prices of their production, Jaber added that "the cost of making them is lower than the cost of paper, and they are not quickly damaged by paper currencies that are perishable, burned, torn and so on."

Economists saw that the elimination of inflation in Iraq is in the automation of currencies digitally

As for the negatives of the coin, they are almost "non-existent as they cannot be used for commercial transactions and are limited to individual transactions," according to economist Hussein Jaber.

Expensive coins

Shortly after the U.S. invasion of Iraq, the Central Bank of Iraq announced the first circulation of 25, 50 and 100 dinar coins after they had been abolished by Saddam Hussein's regime after the 1991 Gulf War.

But persistent inflation in local markets, with its internal and external causes, has devoured small Iraqi currencies and they have no material value, according to economist Nabil al-Tamimi.

Al-Tamimi told Ultra Iraq that "issuing coins costs the treasury of the Central Bank a lot of money," considering that "the best solution to eliminate economic inflation in Iraq is to automate currencies digitally."

 "Digitizing currency trading will restore the value of small currencies, especially since most of the world's economically developed countries no longer rely on cash transactions," he said.

ultrairaq.ultrasawt.com

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Courtesy of Dinar Guru

Mnt Goat  ...the Governor of the Central Bank, Ali Al-Alaq, set the objectives of monetary policy in Iraq, pointing out that he would take the necessary legal steps within the framework of the dinar being a major currency prevailing in the market in cooperation with the government. This was music to the ears…Alaq goes on with better news and I quote from the article...“the currency is a symbol of sovereignty and a title for the country, and abandoning it is tantamount to lowering the flag”. Oh my gosh! This patriotism and loyalty to Iraq is what Alaq really brings to his job and the Iraqi people...this is how we are going to get the reinstatement….  He has the brains to do it but also the willingness to do it...

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:   Bank friend says he thinks the rate and budget are tied together in a really nice package with the new rate.  But the rate can come anytime.  FRANK:  What does the budget wait for?  The rate.  What do we have...?  The budget.  Therefore normal logic you're now going to see the rate.  I told you it doesn't matter if it comes out at 1300 or whatever that's not the point.  The point is they are preparing the currency to float...they are moving in the direction of a float.  Your internal float is almost done.

U.S. dollar has become 'political' and a 'house of cards', gold is how to hedge - Randy Smallwood

Kitco News:  3-18-2023

Randy Smallwood, President and CEO of Wheaton Precious Metals and Chair of the World Gold Council, joins Kitco News Reporter Ernest Hoffman to discuss inflation, Fed tightening, and its effects on gold and gold miners.

They also touch upon the decline of the U.S. dollar.

0:00 - M&A in gold

1:26 - Phases in resource development

3:00 - Inflation and Fed policy

4:07 - Electrification 4:41 - Gold price outlook

 6:17 - Central bank gold buying

7:00 - Battery metals and shortages

9:19 - Success stories

https://www.youtube.com/watch?v=s7EOa-kaGBE

China’s Middle East Victory Has Doomed The Dollar

China has won over the Middle East, brokering a historic peace deal between Saudi Arabia and Iran. This ends a standoff between the Middle Eastern oil giants and China stands to reap huge economic dividends as their global influence continues to grow. And at the heart of this is how the Petrodollar system is now at risk. Peace in the Middle East could take de-dollarization to greater heights. Here's what you must know!

Timestamps & Chapters:

0:00 China's Big Win In The Middle East

2:53 The Fear Of Western Sanctions

5:46 China's Agenda

8:01 A New Superpower 10:41A Global De-Dollarization

13:21 The Next Move

https://www.youtube.com/watch?v=S8cOs6ksldQ