Monday Evening Chat with MarkZ 4-24-2023

Monday Evening News with MarkZ 04/24/2023

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: What a busy news day!!!

MZ: That would be an understatement. Busy news day indeed.

Member:  Buckle up Buttercup! Get Ready!!

Member:  Praying this our golden week

Member: I read the Dinar is approaching the NEER.(Nominal Effective Exchange Rate)

Member:  That’s where the float would start at

Member: Frank26 says float next week rate $1.50 to one USD?

MZ: That’s curious….from what we are hearing from some contractors over there  

Member:  Doesn’t a Float delay RV for us?

Member:  If Iraq goes…..our currency will at least be worth the street rate….and just might get everyone else to go as well……..

MZ: I still believe it will not be a float but an RI (ReInstatement) and a healthy , lovely one at that.

Member: I’m hearing that the Iraqi people did not spend any money for during their holiday and sales were down because they were hanging onto their Iraqi dinars as they had been told to.

Member: Frank26 has some very exciting things to say tonight.

MZ:” MP: Likely to extend the legislative term of parliament  to approve the budget. The remaining time is not enough”  In other words there is not enough time to get it passed.

MZ: “ Iraq supplies two policies to support the Iraqi dinar against foreign currencies”

MZ: Now lets get into the rumor part.

MZ: Its interesting on the rate…..I am hearing from some contractors in Iraq that they were able to complete some deals today at $1.60. it’s interesting Frank is hearing around $1.50. There is a tremendous amount of chatter from contractors involved in Iraq today. We had reports from contractors that we feel very confident about that said they actually did receive those dollars.

MZ: It does appear they are moving forward very quickly.

MZ: Bond folks rumors are still all over the place. The majority of my contacts expect everything to go at once. They anticipate the release of dollars on Thursday. That is what they are being told right now.

MZ: There is a lot of activity going on right now that makes me feel very, very good. I am continuing to hear the rate we get will be around $4.20-$5.35…..I certainly hope that is accurate.

Member: So is this our week?

MZ: Nobody knows….we certainly hope this is our week. Iraqi contacts expect to see it by the 1st of May.

Member: Whats the difference between CBDC and QFS?

Member: QFS is asset backed, the CBDC is not ...

Mod: Banknote catalog with the history of many of the currencies we hold.  You can download it.  https://www.banknoteworld.com/catalogs/venezuela-booklet/

Member: TNT Tony thinks the Bolivar will be .30 cents. What do you think?

MZ: That makes sense to me …I’m thinking somewhere in the .30-.40 cent range. What Tony is telling you is logical.

Member: When the Canadian fiat currency falls- will it get replaced with USTN notes?

MZ: I am expecting them to be replaced with Asset backed Canadian notes. Just like here in the US…….

Member: Will the RV happen before all the banks go down?

MZ: I think it will happen at the same time. The banks going down as we go quietly into exchange could be the perfect cover to reboot the system and us exchanging for asset backed money. . .

MZ: I was expecting First Republic bank to be the next one going down….and look “ First Republic lost $100 Billion in deposits in banking panic”  This happened today…and it is continuing to bleed. I would not be surprised to see a bank run on them tomorrow or Wednesday.

MZ: “BRICS:  19 nations submit membership requests ahead of annual summit”  Think about that….They now have more Gross domestic product- more earning power than the G7. They have become a Juggernaut.

Member: I wish we could join BRICS and bypass the evil Federal Reserve.

Member: With the QFS- we will be joining with them ….and the Federal Reserve will be extinct.

Member:  Everyone have a peaceful evening and sweet dreams!

Member: Enjoy the rest of your day fam,  keep your vibrations high

Member: Thanks Mark and mods

Mod:  THERE ARE SOME FAKE ACCOUNTS ON TELEGRAM & YOUTUBE TRYING TO SCAM PEOPLE. YOU ARE HERE BECAUSE YOU HAVE COMMON SENSE, SO DON’T TAKE THE BAIT BY IMPERSONATORS

“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.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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!

https://www.youtube.com/watch?v=a_6Z-c_FBRs

"Real Time Payments" Thoughts by DJ Monday 3-24-2023

DJ:  DID YOU KNOW?

Once again it’s time to debunk Intel providers’ speculations, assertions and misrepresentations of the impending, or rather on- going, restructuring of the global financial systems. While it is a multifaceted system with many variables that make it function, and each variable is significant , the focus of this article is the delivery system or RTP ( Real-Time Payments).

RTP refers to “payment rails”. Simply put, payment rails are platforms or networks which payments pass through. First of all it’s in the name: they are real time, or very near real time, initiating, clearing and settling in a matter of seconds. Ideally they operate 24x7x365, meaning they are always online and available for a transfer.

Prior to RTP implementation you would write a check or use your credit card to buy or pay for something. Whoever received your payment would then forward the receipt of payment type on to whoever the bank or credit card company is to be reimbursed for the transaction. Most of the time there is a delay in clearing because of the processing time which could take days, weeks or, depending on the size and type of the transaction, months to clear.

The scuttlebutt of the “QFS” being this elaborate new-age thing is just not accurate. RTP’s have been used for decades now. There are dozens of them mixed into the global payment system. A couple of examples are; In the U.S. it’s The Clearing House (TCH) , UPI in India, Faster Payments (FP) in the UK, and PIX in Brazil. Recently the Federal Reserve is launching the “Fednow” system. While other countries RPI”s are now transacting cross-border payments in real-time the Fednow system is only domestic.

The trick to making the RTP’s viable and acceptable by a consumer is the security component. It’s all about the data. Effective RTP’s move the financial data (the money) but not the consumer data (personal Info). Payment rails move messages between financial institutions . For example: SWIFT is a codified messaging system used to send messages to financial institutions. The message details what type of transaction is being moved. MT 103 signifies “Single Customer Credit Transfer” an MT 102 signifies “Multiple Customer Credit Transfer” an MT 107 “ signifies “General Direct Debit Message” and so on.

The global payment system does not currently have a single standard to exchange payment instructions between local and foreign financial institutions but they all use payment rails. Currently a consensus between global financial institutions has been agreed upon utilizing ISO 20022 which will provide a standardized series of rules and practices . ISO (International Organization for Standardization) will encompass the Basel 3.1 banking standards and more.

As these messages of what type of transaction is processed move through the payment rails, the rail passes through various regulatory software that identifies and clears the transactions and forms a consensus that the transaction is legal. The QFS is an encrypted messaging system that moves through the various payment rails, the difference is the payment rails run through block-chain and consensus is made from millions of computers as opposed to one centralized server. The message cannot be interrupted. If it is interrupted, the message dissolves.

To put it simply, think of the global payment system as a vast network of plumbing. Instead of the water passing through an array of pumping stations and valves that can shut it off, interrupt , add to or change the water , you turn on your faucet and you get a glass full untainted immediately.

DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=221341

More News, Rumors and Opinions Monday Afternoon 4-24-2023

KTFA:

Clare:  The General Secretariat decides: Tomorrow is an official working day in all state institutions

4/24/2023

The General Secretariat of the Council of Ministers announced that tomorrow, Tuesday, will be an official working day in all state institutions.

And the spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, stated, "Tomorrow, Tuesday, will be an official working day in all state institutions, after the end of the blessed Eid Al-Fitr holiday."

And the Prime Minister, Muhammad Shia’a Al-Sudani, had directed the suspension of official working hours from last Thursday until today, Monday, on the occasion of Eid Al-Fitr.  LINK

Supermars:  Think that article said 1.5 dinars so does that mean the 3 zeros is lifted and went from .007 to .70? …..that seems about 1 and a half dinars imo. Things are getting interesting though either way it’s going the direction we need it to imo….. I was just wondering if 1.5 dinars would equal around .75 cents or so? Imo

DoTalkToMe:  .86=1.16
1.00=1.000
1.17=0.854
1.86=0.537
2.00=0.500
2.50=0.400
3.00=0.333
3.22=0.310
3.46=0.289
3.50=0.285
3.86=0.259
4.00=0.250
4.10=0.243
4.40=0.227
5.00=0.200
1.00 divided by 1.162 =.86

We are currently at .0007336 one and a half stronger is .0015405
We need 1.16 to reach .86 cents   

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RMF:  On 4/17/23 CC at 2' 42" Mr. Frank announced there would be no CC on 4/26, saying he "knows what he is doing" with that mischievous laugh that IMOO says he has something up his sleeve.  This is a break from normal for no stated reason other than he knows something.  His words are pregnant with anticipation to me.

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Courtesy of Dinar Guru

Militia Man  It's getting a little bit quiet in the news...It's an indicator that quiet time sometimes is good...Al-Sadr is being quiet...he's for the people...riots in the streets...we don't have those anymore...He's not yacking that means things are going good..

Breitling  What is Iraq's #1 goal?  They're sitting so good it's unbelievable because...their goal is to get more customers, sell more products...Think Iraq Inc. the company.  And there is nothing but multiple doors in front of them.  They can do it in oil.  They can do it in natural gas.  They could even do it in gold if they wanted to.  They can trade in the US dollar.  They can trade in other currencies.  They can build a massive foreign currency reserve with other currencies.  They don't need the US dollar.  They want it because we're the big boys on the block...But they can trade in other currencies.  It will diversify them.

TNT:

CandyKisses:  Iraq implements two policies to support the Iraqi dinar against foreign currencies

Baghdad - Mawazine News

Prime Minister Mazhar Mohammed Saleh's financial adviser confirmed on Monday the implementation of two policies that supported the Iraqi dinar against foreign currencies, while revealing government measures that removed obstacles to foreign trade.

Saleh said, "The monetary policy of the Central Bank of Iraq proved that it has the high capacity and flexibility in coordination with supportive government policies in providing exceptional capabilities to impose stability on prices in general and the exchange rates of the Iraqi dinar vis-à-vis foreign currency in particular, which relate to import prices of goods and services."

He added, "Based on the above, achieving and maintaining stability came through two policies, the first: on the monetary policy side by facilitating external transfer procedures and at the official exchange rate when transferring and limiting foreign currency use through channels, legal procedures and digital banking mechanisms."

He added that "all these channels and procedures are characterized by high disclosure and governance across the national and international financial and banking system, as well as the adaptation of the Iraqi banking system to the platform of compliance and audit related to foreign currency transfers in a professional, legal and rapid manner without prejudice to the freedom of external transfer and are at the same time consistent with national and international regulatory laws and regulations represented by the three packages of the Central Bank of Iraq."

He added, "The second is the general government policies, and it relates to the easy coordination measures taken by the Council of Ministers during the last few years in the customs, tax and trade field in a harmonious syndrome that became more accurate after removing bureaucratic obstacles inherited in the foreign trade movement, which gave stability and high flexibility in moving the activity of small traders to exercise their direct role in importing from outside the country and themselves without the chains of intermediaries and the previous monopoly forces accumulated by the market with its imbalances over the past forty years." 

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Prepare For This NOW... World De-Dollarization, An "INFLATIONARY LAG EFFECT." And MORE.

Greg Mannarino:  4-24-2023

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

"Coffee With MarkZ" Monday Morning Chat "Thursday?" 4-24-2023

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 all!!! Are we there yet??

Member:  Happy Marvelous Monday and happy birthday to those celebrating and prayers for those in need..

Member: Well, it's another Monday and no RV. Good thing I keep my expectations very, very, low.

Member: I keep my expectations high and think we are about to see the RV!

Member: May this Monday be the start of a great week filled with new opportunities, joy, and success.

MZ: Good morning all……be prepared for a week pf ups and downs , roller coasters and scares.

Member: Should I have a resignation letter ready to go Mark?

MZ: Get it prepared….I think this is going to be a fun week.

 Member: Iraqs stock market has been closed for 5 days….reopens tomorrow.

Member: How about a partial RV now for the Dinar and Dong so we can get money in our accounts and exchange the rest months later...

Member: Frank is talking about a NEER rate now of about $1.50……..that’s a good start for a float. .

Member: They are reporting today that the Federal Reserve is out of currency.

MZ: They are extremely crunched for physical cash. If people cannot get cash…they panic and we see bank runs.

MZ: Will there be bank runs today? Will it all collapse by Friday? Lots of ping-pong news. We know its necessary….Try not to lose your mind over this ping pong game.

Member: when the RV happens my eyes are gonna look like ping pong balls

MZ: “Parliament received all remarks on the budget”  it still may happen in May…..

MZ: “Parliamentary Finance-The budget should pass without dispute” lots of ping pong news…..news is bouncing all over but its still positive…..dont let the ping pong news make you crazy.

MZ: “Iraq falls in US Treasury’s ranking of major foreign holders of treasury securities.” This is important as they are bailing on their US Treasury’s

MZ:” The regions economic shift towards the abandonment of the dollar currency” This article is for the entire middle east.

Member: It looks as that there is a concerted effort to manage the reveal of this budget. Today is the last day of Eid Al-Fitr.. The count down is about to begin? We shall see what the do next. imo ~ MM

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

Member: Why does everyone only talk about Iraq?

Member: The Iraq Dinar rate change will be the trigger for the GCR event

MZ: This is a big one: “Zimbabwe avoids devaluation with new Gold backed digital currency” They kept telling us they were going there. The free market is fixing things…we are watching this occur. Zimbabwe seems to be leading the charge. This is a huge happening over the weekend…..an official announcement that they are launching their gold backed digital currency.

MZ: It should be called money-not currency. When it is based on something sound with assets…It is no longer a currency….It is called money. Zimbabwe is going to use real money. The printed money will represent the digital ones and backed by auditable, checkable,  physical metals This is such a big one.

Member: Anyone else ever have the thought that the Kim Clement Prophecy talking about taking a simple stone to defeat the giant could be talking about the stone on the Zim note?

MZ: Also “Indonesia says following BRICS de-dollarization path” They are now dedollrizing and joining the BRICS world……and abandoning the fiat banking system.

Member: MarkZ, I think I've heard you mention the Indonesian Rupiah before. Is there an expected rate for it? Thanks

Member: Mark says he expects a rate of $1.47 or so……at this point in time

MZ: “The dollar’s catastrophic decline underscores gold indispensable value” This is a great one from Kitco with a lot of great stats. We are watching the crash in real time and it is going faster.

MZ: “Stock Market Crash alert: Mark your calendars for April 28” 

MZ: I am still looking for a FDIC video that was released…an older one from a few months ago where they talk about how they do not have the money to cover everybody. And how bailins/bank runs were only a matter of time. I’m looking for that link where the lady talks about how they will close it down on a Friday –which is the best time to tell everybody they can’t spend any digital money over the weekend while they reboot the banking system!!!

MZ: Things are getting very interesting. I am looking to see more bank runs this week. I am looking for them to start with First Republic Bank

MZ: From the Rumor Mill today- Redemption Center folks got called in were told things are moving forward very quickly. And they only had a few days to get everything completed… and then they will be working full time for a couple of weeks …So they were told to get groceries get things done ect…..they are about to get very busy and are scrambling right now.

MZ: I am not certain on timing…but are seeing a few good signs now though.

MZ: I have had a few bond people check in this morning…they are being told similar things…to be prepared to travel and be in place by Thursday of this week. Many paymasters are already there and do not need to travel…..but those that do are making plans right now.

MZ: Group leaders were also told to be in place by Thursday.

MZ: And many Main Stream Economists are looking for the crash to occur on Friday. Isn’t that interesting.

MZ: So they want everybody and everything in place by Thursday and  a crash projected on Friday. There is a massive push right now on news. Usually Mondays are quiet and newsless….but today…news is coming at a million miles an hour.

Member: I just want to see the New Notes PHYSICALLY at banks. Then I know we good

​Member: I want people to be held accountable for their crimes.

Member: I will be so happy when the EAS comes and exposes everything going on behind the scenes!

Member: What will we need to take to the exchange Mark?

MZ: You will need your currency and whatever it takes to open a bank account in your area.

Member: For appointment: two forms of IDs, utility bill, receipts for currency if you have them, currency, project list, a spreadsheet recording all serial nums if you want, not req. (to be organized)

Member: How long will we have to exchange?

Member: You'll have 10 day's to set your appointment, and 30 day's to attend it.

Member: Mark, many thanks as always for bringing to this community all the latest news & updates.

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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 @ 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

MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one.   https://www.youtube.com/watch?v=sAL0exvL45Y

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=TN9mU1bUGh4

News, Rumors and Opinions Monday 4-14-2023

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.

Kat Anonup Update: Gold-Backed RV/GCR

23 April, 12:44

The RV / GCR is happening in front of our very eyes.
The whole world is going into the Gold-Backed Quantum Financial System.
More than ¾ of the world are bloodline banker free  & trading in Gold-backed currencies other than the now-worthless fiat $, £, €

Here’s the REAL TRUTH…. 
The U.S. DOLLAR WILL COLLAPSE.. 
But behind the dollar is the COIN ( GOLD/PRECIOUS METALS)..
THE U.S. WILL SURVIVE AFTER THE COLLAPSE  AND GO BACK TO THE ORIGINAL COIN 
( GOLD/SILVER PRECIOUS METAL SYSTEM)

The whole world is going into NESARA/GESARA….

4-23-23 
BLOOMBERG ZIMBABWE GOLD-BACKED DIGITAL CURRENCY
https://www.bloomberg.com/news/articles/2023-04-23/zimbabwe-to-introduce-gold-backed-digital-currency-sunday-mail?leadSource=uverify%20wall

Read full post here:  https://dinarchronicles.com/2023/04/23/kat-anonup-update-gold-backed-rv-gcr/

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Courtesy of Dinar Guru

Frank26     I said this is going to cause a problem.  They're forcing them to only use the dinar.  The American dollar had some value but the Iraqi dinar has no value.  You're at the crossroads of the CBI's monetary reform.  Your prime minister and governor of the CBI are very close to removing this financial pain that the Iraqi people are suffering..

Walkingstick  [via Frank26]  ...The next step in the monetary reform process is to display the national currency and the coins because they have been talking about it for a few weeks now.  The citizens are ready.  That's why the CBI has put the tender request out - print more now.  You will see this on the CBI website, then the education will explain the value, the design, the description.   The History of the country will be on the new currency and they will explain all of this to the citizens.  They will show them the colors of all the different denominations...security features of the new small category notes...It will not be a celebration but it will be known to the International world that the Iraqi dinar has now joined them.

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RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 24 April 2023

Compiled Mon. 24 April 12:01 am EST by Judy Byington

Global Currency Reset:

No one was privy as to when Tier4b (us, the Internet Group) would be notified to set redemption/exchange appointments, but all requirements for the Global Currency Reset appeared to have been met. It was assumed we could go at any time.

Sat. 22 April MarkZ: I am being told that Bond folks are universally expecting funds on Tues. 25 April. 

Fed Panic – money supply growth has fallen to a 50 year low: https://www.zerohedge.com/economics/money-supply-growth-fell-50-year-low-feb-will-fed-panic

Fed. Fiat Digital Currency Has Been Hacked: https://www.youtube.com/watch?v=isGiNJdoomc

Central Bank Digital Currency Governments Willing to Starve People into Using it: https://halturnerradioshow.com/index.php/en/news-page/world/central-bank-digital-currency-governments-willing-to-starve-people-into-using-it

“The Fed has only two weeks of money left.” …Rafi Farber https://www.youtube.com/watch?v=MSZ4Mu0pGBg

Read full post here:  https://dinarchronicles.com/2023/04/24/restored-republic-via-a-gcr-update-as-of-april-24-2023/

The Debt’s the Problem. Not Raising the Ceiling Is the Solution - Ep 889

Peter Schiff:  4-24-2023

https://www.youtube.com/watch?v=nKC4bWOv2-o

Rafi Farber: US Credit Default Risk Spikes Ahead of Debt Ceiling

Arcadia Economics:  4-24-2023

The Treasury is running out of cash, with the debt ceiling to be hit by June. And did you know that the last FOMC meeting minutes revealed that the Federal Reserve has actually done something it has never done before: it has actually predicted a recession.

The Fed has never dared predict a recession before, lest it become a self-fulfilling prophecy, but it seems the bank failures have given the central banks some serious inspiration.

A debt ceiling default, unlikely as it is, would give it even more inspiration. It was a quiet week for silver, but a whole lot bubbles just below the surface. To find out more, click the video now!

https://www.youtube.com/watch?v=MSZ4Mu0pGBg

"Tidbits From TNT" Monday Morning 4-14-2023

TNT:

Harambe:  Reserve Bank of Zimbabwe introduces gold-backed digital currency | The Sunday Mail (4/23/23)

THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency.

 Introduction of the digital gold tokens, a form of electronic money backed by gold held at the RBZ, will represent the first steps by the central bank towards using the country’s gold reserves to anchor the Zimbabwe dollar.

Monetary authorities envisage the digital gold tokens will allow those holding small amounts of Zimbabwe dollars to exchange their money for tokens in order to store value and hedge against exchange rate volatility.

The development comes as the RBZ is also mulling releasing more Mosi-oa-Tunya gold coins onto the market to tame the recent depreciation of the Zimbabwe dollar on the parallel market.

RBZ Governor Dr John Mangudya told The Sunday Mail that the parallel market foreign currency exchange rate is expected to begin stabilising when tobacco farmers start receiving their portion of United States dollar payments this week.

The current exchange rate volatility, he said, was caused by “expectations of increased foreign currency supply” on the market when the tobacco marketing season opened in March.

“The movements in the parallel market rate are mainly because of the expectations of increased foreign currency supply in the market when the tobacco marketing season opened,” said Dr Mangudya.

“However, the supply of foreign currency over the past three weeks has been lower than expected. That expectation raised the rates because people thought there will be more money in the market.

“With the start of the tobacco marketing season, most of the funds have been going towards servicing tobacco contractors’ obligations. Now, the money will start flowing into accounts of the growers themselves end of this month; that is when most of them will start receiving their US dollar portions.”

The digital gold tokens, which are representative of gold held in physical form by the issuing authority, are expected to complement the Mosi-oa-Tunya gold coins by offering an alternative investment avenue to store value and transact.

“What we have noticed is that demand for foreign currency, apart from being driven by the need to import goods and services in Zimbabwe, is also viewed as a store of value,” added Dr Mangudya.

“It means anyone with local currency would want to convert it to foreign currency.

 “We are addressing this demand for store of value by increasing the number of gold coins in the market so that we manage that demand.

“We shall also soon be introducing digital gold tokens to ensure that those with low amounts of local currency are able to purchase the gold units so that we leave no one and no place behind.”

An increasing number of central banks around the world are starting to develop their own digital currencies, in a development meant to boost financial inclusion, slash payment fees and make money smarter.

Russia is presently working with friendly countries, including Iran and China, to create clearing platforms for cross-border settlements in gold-backed digital currencies in an effort to abolish transactions in fiat currencies like the United States dollar and the Euro.

https://www.sundaymail.co.zw/rbz-introduces-gold-backed-digital-currency

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Tishwash:  A new parliamentary talk regarding the date of passing the budget 

A member of the Parliamentary Finance Committee, Jamal Cougar, said that the maximum date for approving the budget should be before the end of next month.

Cougar stated, in a statement followed by "Al-Iqtisad News", that "until now it is not clear when the budget will be approved," noting that "the matter depends on discussions and discussions with the competent authorities."

Cougar added, "The maximum date for voting on the budget must be before the end of May." link

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Tishwash: The coordinating framework is preparing to pass it, and deputies are recording their observations.. The budget is at the neck of the bottle

The representative of the "State of Law" coalition, member of the "Coordination Framework", Muhannad Al-Khazraji, confirmed that the forces of the coordination framework are determined to approve the federal general budget in its current form, indicating that there are some minor amendments that may occur to some paragraphs of the budget, including Consistent with the provisions of the Constitution and the law.

In a press statement, he indicated that “there are desperate attempts by some political blocs to obstruct the approval of the budget in pursuit of personal and partisan projects,” noting that “this budget is one of the largest budgets over the past years because it includes important economic strategic projects that will make a shift.” quality in the field of infrastructure and economic development at the country level.”

He explained that "the forces of the framework and its allies are strongly supportive of the Sudanese government by passing the budget law, which has come to fulfill the ambition of the government program set by the Prime Minister," noting that "the current budget meets the aspirations of the Iraqis and is consistent with the actual need in developing the economy and maximizing its resources in the country." .

In the context, a member of the “State of Law” coalition, MP Muhammad Hassan Al-Shammari, confirmed that Parliament had received parliamentary remarks regarding the 2023 draft budget, pointing out that he intends to send it to the government for consideration.

He told the official agency, “The representatives presented all their observations regarding the budget after the second reading took place, and now work is underway in the Parliamentary Finance Committee to complete and complete all the proposed observations and amendments and send them to the government.”

He added, “Scheduling the notes may take until the end of next May, and then the government will review these notes before returning the text of the budget to Parliament in preparation for a vote on it,” explaining that “Parliament has notes on the budget, including the lack of governorate allocations, as they amounted to two trillion Only half a billion dinars, and the fact that the emergency support law allocated 8-10 trillion dinars to the governorates, and we believe that the government is waiting to spend it before allocating other sums.

He pointed out that “there are other observations regarding the allocations of the Martyrs Foundation, whose tasks have expanded and we believe that they need to be increased,” noting that “the representatives have observations regarding the total deficit of 64 billion, and it must be reduced by making transfers with some items.”

He pointed out that "the best way to increase oil imports and address the deficit is to renegotiate to restore Iraq's share that was reduced due to wars and previous circumstances, and we acknowledge that the issue is difficult and we stress the government's need to continue to claim rights in OPEC because Iraq's capabilities and share are supposed to be greater than the current one."  link

Mot: .... Time fer Spring Planting it is!! ~~~

Mot .... Ready fer Summer - I Is! ~~~~

How Currencies Start- and Why They Fail

How Currencies Start - and Why they Fail

Heresy Financial:  4-23-2023

How do currencies start? And why is it that they always seem to fail?

Now, any time we have a conversation about things like this, it is important to get definitions straight.

So, what do I mean by currency? And is it different than money? Well, the short answer is yes. But many people disagree about what makes up the difference between these two things.

Timecodes

0:00 Introduction

1:10 The Origin of Money

2:37 Downsides of Using Gold as Money

5:12 Banking as a Solution to the Problems of Gold as Money

8:33 The Rise of Central Banking

12:26 The Emergence of Fiat Currency

https://www.youtube.com/watch?v=BRbIW-dx7jw

Alert! Gold Backed Digital Currency Announced-Zimbabwe

(Bix Weir)

ALERT! Gold-Backed Digital Currency Announced! Only THETA Has the Technology for Success!

4-23-2023

The Zimbabwe Central Bank has announced they are creating a Digital Gold-Backed Currency...this is the ULTIMATE TEST for the "Faith and Confidence" of Human Beings!

Here's the LEAST TRUSTED monetary authority on the planet asking you to TRUST that they have Gold...but what if it is redeemable and verified by an honest blockchain?! Yes, I think the September 11, 2020 Crypto Viewing report on the Future of Theta is about to come true!

 Both Dick Allgire and Hitomi saw Theta helping East Africa out of their misery and into a wonderful future...

https://www.youtube.com/watch?v=kxdoay_GhO8

More News, Rumors and Opinions Sunday Afternoon 4-23-2023

TNT:

Tishwash:  this was in Iraq's news

The economic shift in the region towards the abandonment of the dollar currency

 The Ukrainian conflict led to the acceleration of the global economic transformation in its adoption of the dollar currency, especially by the countries that were imposed on them by economic sanctions by America and its allies from among the European countries, and this means that the days of dollar hegemony are in their last days.

Let us take an example of the above, which is the West Asian region, especially the Arab Gulf countries, which have special and close relations with the United States of America, especially in the field of economy and energy, and began specifically with Saudi Arabia since 1937, the oil concession contract and the establishment of the Arab American Company (Aramco), and since that time until today Saudi Arabia has become the most important ally in the region for the Americans.

20 years ago, trade between the Kingdom of Saudi Arabia and the United States of America was exactly five times the volume of trade exchange with the People's Republic of China, as a result of several things, including:

1- The great technological and commercial development of China.
2- Licenses for Chinese products and services in exchange for other American and Chinese products.
3- Reading the economic reality that predicts that China will be the country with the largest economy in the world, and therefore it is wise to build trade relations with it.
As a result of these global variables, numbers and equations changed, especially after 2021, the volume of trade between China and Saudi Arabia became three times the volume of trade with the United States of America, and the figure below shows this.

On the other hand, China supplies oil from Saudi Arabia, meaning that Saudi Arabia is the largest supplier and ranks first in the field of oil and petrochemicals, and that China has a large economy, as it is the largest consumer of oil and is the largest country that buys and imports oil in the world, and this is what helps West Asian countries, including the Gulf countries. Arab countries, including the Kingdom of Saudi Arabia, tend to deal in the Chinese yuan instead of the US dollar.

This is a natural thing due to the large volume of trade exchange with China, because its interest necessitates that it deals with China in its currency, and the use of a currency other than the dollar avoids those countries from being subject to American hegemony over the economies of the region by imposing their economic will through their absolute authority over the movement of the dollar.

 Examples of that The United States of America froze the assets of many countries, including the Islamic Republic of Iran and Russia, after the start of the Ukrainian crisis, which amounts to the Russian reserves of foreign currency dollars at the limits of 300 billion dollars and the Swift system for financial transfers, and this matter makes many countries, including West Asian and oil-producing countries, to worry from US sanctions.

Especially after America and the European Union imposed sanctions on countries and companies operating in Russia that buy Russian oil, and then followed that with a decision to set the price of a barrel of Russian oil at $60 while the reference crude is around $80, and then also impose sanctions on petroleum products. such as gasoline and gas oil.

The most important solution that countries must adopt in which the dollar is the main currency in foreign trade transactions is diversification and planning for an alternative currency in reserve from hard currency, especially from the yuan currency.

In the past few days, that is, in April of 2023, events began to accelerate in moving away About the dollar currency, and the Islamic Republic of Iran was the first country that resorted to other than the dollar, such as using the euro, the ruble, or local currencies in its commercial dealings. Finally, after Western sanctions on the Russian Federation, the latter resorted to dealing in the Chinese yuan as a way to get rid of dealing in dollars. Russia has been imposed on countries that buy gas and oil in their local currency, which is the ruble.

As we see that at the beginning of 2022, more than 50% of Russian exports took place in the US dollar currency, and on the other hand, no commercial transaction took place in the Chinese yuan currency at a significant rate in Russian commercial transactions, as the percentage was only 0.4%, but Western sanctions from Before America and NATO accelerated the commercial transformation of transactions, as more than 14% of Russian exports are made in Chinese yuan, and this happened within one year only, but the Russians did not impose sanctions on dealing in dollars or euros, and this made it easier for the rest of the banks (except for the Central Bank) deal with that work.

The dollar, as everyone knows, and after 1972 and the Nixon setback, became not covered by gold, and as for the Chinese yuan, it is like the rest of the world’s currencies, it has no cover of gold, and it has become and becomes stronger day after day with the strength of gold and the strength of the Chinese economy, and thus it has become a striking force and this is what China and Russia need to maintain On their political and economic standing against Western sanctions.

The global economic and political change has become clear to many countries of the world, and therefore some countries decided to change the currency in their commercial dealings from the dollar to the Chinese yuan.

 Among those countries are Brazil, India, China, South Africa and Russia. Those countries are called BRICS countries, which represent 40% of the world's population. And just as there are 12 other countries that decided to deal with China in yuan, including Saudi Arabia, which owns the second oil reserves in the world and the largest producer of it as well, which submitted a request to join the BRICS countries. 

We also note that the value of the dollar during the past years has decreased year after year, and the reason is that it is not backed by gold and is backed by American hegemony only, and that the United States of America (the US Treasury) prints the dollar according to its need, not in 1972, when US President Nixon stopped valuation of the dollar in gold

And now she began to think Seriously, the BRICS countries will create their own currency and be backed by gold in order for it to have strength, and therefore it will be the first time in more than half a century that a gold-backed currency appears to us, thus giving it priority and preference over the deteriorating US dollar, as well as giving people, countries and companies reassurance in dealing in this currency instead A dollar that is only paper.

The European Union has its own currency, and this currency has respectful dealings with regard to global trade, and it is independent of the dollar. 

Therefore, the world will witness a new currency, which is the BRICS currency, in addition to the currency of the dollar and the euro, and thus it will deal according to three global actions.

As for Iraq, it will remain dependent on the dollar only because it does not dare, until now, to make blister money come directly to it, despite the absence of any legal cover for the Americans to put oil money The Iraqi is in the American Federal Bank, and what made the matter more complicated, in the recent negotiations at the end of February between the Iraqi government and the US Treasury, the funds were added to a loop that increases the complexity of the matter, which is that the funds are transferred from the Federal Bank to the GB Morgan Bank and then to the Central Bank of Iraq .  link   

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Courtesy of Dinar Guru

Frank26  [Referencing the Instagram post and news articles from the other day]  THE 1.5 TO 1 IS...TRUE.  Community Question: "Can someone please tell me what the 1.5 to 1 means?"  THE 1.5 IS THE NEER  (Nominal effective exchange rate - a measure of the value of a currency against a weighted average of several foreign currencies. ).

Sandy Ingram   This is breaking news - Iraq now has a Deposit Insurance Company like the U.S. FDIC.  Article:  "The Governor of the Central Bank Inaugurates the headquarters of the Iraqi Deposit Insurance Company."  The company will guarantee the deposits with Iraq banks approved by the Central Bank of Iraq...What will this do is get most of the old Iraqi dinars hidden under mattresses in Iraq, into the banking system.  This is a major effort to regulate the number of Iraqi dinars on the open market.

KTFA:

Frank26:  KTFA FAMILY ................I SHARED THIS IN PREMIUM 2 DAYS AGO. PLEASE ENJOY AND FEEL FREE TO ANALIZE THESE TWO SENTENCES: 

" KTFA THE 1.5 TO 1 IS ..............TRUE." 

" KTFA FAMILY ......... THE 1.5 IS THE NEER."

PRAISE GOD ..........AMEN. 

PS .....SOME OF YOU MAY WANT THIS IN ..."IMO"........ OK IT'S IMO LOL. WE WILL GO DEEPER ON THIS ON YOUR NEXT UB2B ON MONDAY.     FRANK26 

DoTalkToMe:  We like NEER (Nominal Effective Exchange Rate) as we wait for REER.(Real Effective Exchange Rate)

Railman: Can someone please tell me what the 1.5 to 1 means  

Sir:  Sure: You don’t have to be a mathematician to figure this out.. If the official rate is 1310 and the Dinar is 1.5 stronger than the dollar. 

1310/1.5 = 982 Dinar 
1310 - 982 = 328
Now drop the three zeros = .328
.328 Per Dinar = $3.04 US

I hope that helps you all..

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MARKETS A LOOK AHEAD: Expect An INFLATIONARY DEPRESSION. Look For Stock Prices To Fall (Soon).

Greg Mannarino:  4-23-2023

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

News, Rumors and Opinions Sunday AM 4-23-2023

KTFA:

Henig:  Al-Sudani exchanges congratulations with a number of Arab kings and heads of state on the occasion of Eid Al-Fitr

Baghdad / Nina / Prime Minister Mohammed Shia Al-Sudani exchanged congratulations with a number of Arab kings and heads of state on the occasion of Eid Al-Fitr.

Al-Sudani exchanged congratulations with King Abdullah II bin Al Hussein of Jordan, President of the Arab Republic of Egypt Abdel Fattah Al-Sisi, President of the United Arab Emirates Sheikh Mohammed bin Zayed Al Nahyan, Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani, and President of the Syrian Arab Republic Bashar Al-Assad.

The Prime Minister prayed during the contacts with his brothers, Arab leaders, to God Almighty, to protect the brotherly peoples, to bless them with security and prosperity, and to return the Eid to them while they are enjoying good and stability.   LINK

Henig:  Sudanese asks House of Representatives to dismiss 4 governors after Eid

2023-04-22 09:16

An informed government source said on Saturday that Prime Minister Mohamed Shia al-Sudani sent a letter to the House of Representatives to dismiss four governors after the end of the Eid al-Fitr holiday.

The source told Shafaq News Agency, "The Sudanese sent a letter to the House of Representatives requesting the dismissal of the governor of Nineveh Najm al-Jubouri, the governor of Anbar Ali Farhan al-Dulaimi, the governor of Dhi Qar Muhammad Hadi al-Ghazi, and the governor of Babylon Wissam Aslan al-Jubouri," without giving further details.

It is noteworthy that Prime Minister Mohamed Shia al-Sudani has previously prepared a poll on the performance of governors and sent it to the House of Representatives, in which deputies from each governorate evaluate the governor's performance and the extent of his competence or not.   LINK

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Courtesy of Dinar Guru

Frank26  I was hoping we'd see the new small category notes this week along with the coins and the new exchange rate but it looks like it's the budget first.  Don't be surprised if the budget contains internal surprises.

Militia Man  ...Government agencies, the GOI, the CBI, their delegation - they're all talking to us about exchange rate change, forewarning...to hold onto [the dinars] because they're going to be more strong against the dollar.  They go from, 'the dinar is the strongest.', [to] 'The Iraqi dinar will rise against the US dollar in a few weeks.' ... And then he says 'soon.'  And then the other day on the 18th he says, 'now.'  We can take all that information to let us believe that change is coming.  It's before us...what we're seeing now is phenomenal.

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This $300 Trillion Time Bomb Is Why Inflation Will Never End

Sean Foo:  4-23-2023

The world is drowning in debt, in fact, the amount is over $300 trillion and this threatens to implode the global financial system.

While the consequence of a US default is enormous, the emerging markets debt pile is far more severe.

 This will inevitably cause the Federal Reserve to print money to prevent a deflationary spiral. Here's what you must know about why inflation is forever!

Timestamps & Chapters:

 0:00 The $300 Trillion Bomb

2:07 This Is The Real Risk

4:30 The US Can't Afford To Default

7:35 Global Money Printing

11:02 The Fed Will Pivot

12:57 Inflation Will Be Forever

https://www.youtube.com/watch?v=407_ealT_Jk

Why America's Enemies Can't Dump the Dollar (yet)

Heresy Financial:  4-22-2023

Global de-dollarization is the world right now going through this process of dumping the dollar or not?

You would think this would be a straightforward question to be able to answer. Yet at the exact same time, we can find data that contradicts all of this with the share of dollars in international transactions unchanged since the eighties, and the dollar index unchanged since the seventies.

 Both the percentage and the number of dollars in foreign holdings both grew over time. So, is the world dollar rising or not?

Timecodes

0:00 Is De dollarization Really Happening

 1:12 International Trade vs. Reserve Currency

4:42 The Dollar as an International Trade Currency

5:28 The Dollar as a Reserve Currency

5:51 Erosion of the Dollar as a Reserve Currency

7:38 Why hasn't the Dollar Been Dumped?

9:04 The Importance of the Dollar in Global Trade and Finance

https://www.youtube.com/watch?v=ztxkqS4hvr4

News, Rumors and Opinions Saturday PM 4-22-2023

TNT:

Tishwash:  from Iraq's news

Bloomberg: China seeks to dominate the Middle East in a "cold" confrontation with America

Today, Saturday, the American Bloomberg Agency revealed that China is seeking to make the Middle East a major front in the “new cold war” between Beijing and Washington, with the exacerbation of differences between the two largest economies in the world on more than one level.

A report by the agency, followed by (Baghdad Today), said, "China has put its mark in the region in a way that could not have been predicted six months ago, especially through its mediation in the agreement between Iran and Saudi Arabia, which carried with it many variables that were described as" dramatic. .

China's footprint in the region is expanding, with Chinese Foreign Minister Chen Gang this week launching efforts to encourage the resumption of Israeli-Palestinian talks.

Chen indicated, during separate phone conversations with his Israeli counterparts Eli Cohen and the Palestinian Riyad Al-Maliki, that "his country is ready to facilitate peace talks," according to the official "Xinhua" agency, explaining that he encouraged taking steps to resume peace talks, and that his country is ready to facilitate this matter.

Chen also stressed during the phone conversations that his country seeks to push for peace talks on the basis of a solution that "includes the establishment of two states."

Asian Bank

On the financial front, the Beijing-based Asian Infrastructure Investment Bank opened its first foreign office in the world, in the UAE capital, Abu Dhabi.

According to the agency, the headquarters of the bank's operational office in the Abu Dhabi Global Market aims to "serve as a strategic destination" to support its agenda. 

The Asian Infrastructure Investment Bank is a multilateral development bank created nearly a decade ago as China's answer to the financial institutions set up by Western countries.

These developments come in the wake of the "shock" that occurred in Washington, as Saudi Arabia did not refuse with the "OPEC Plus" alliance not to cut production earlier, but rather with that alliance it decided to approve a new cut this month.

"dollar power"

However, the link of exchange rates in the Middle East to the dollar remains a strong link for the United States, as is the case for its strong military and strategic relations, and therefore Washington has not lost much so far on the new front with China.

According to experts, the strength of the dollar is the main factor in the GCC countries' use of the green card as the main currency for cross-border exchange, and therefore a sudden change would destabilize the countries themselves, so any shift must be gradual.

However, the report indicated that there are indications of changes in this field. Last March, the UAE conducted the first settlement of natural gas exports to China denominated in Chinese yuan.

"Historically, Chinese state-owned energy companies have not had the expertise to compete on equal terms with Western energy companies," said Justin Dargin, a Middle East specialist at the Carnegie Endowment for International Peace.

Dargin added, “This deal highlights how quickly events have developed.”

On the other hand, Saudi Arabia, which was the largest supplier of crude oil to China until it was replaced by Russia earlier this year, said that it had informed Beijing last January that it was open to discussions about using currencies other than the dollar in trade exchanges.

Saudi Arabia relies on the dollar in the settlement of more than 80% of its annual oil exports, amounting to 326 billion dollars.

In addition to Beijing becoming the main energy customer in the Middle East, many countries in the region have sought to bring in more Chinese investment.

Last week, the UAE Minister of Industry and Advanced Technology, Sultan Al Jaber, was on a visit to Beijing; In an effort to enhance his country's cooperation with China in the field of clean energy.

The visit came after China and Saudi Arabia signed a number of agreements on cooperation in the renewable energy sector and in the field of green hydrogen during the visit of Chinese President Xi Jinping to Riyadh last December.

According to the US agency's report, China has not yet become a major headline with regard to military cooperation and the supply of weapons to the Persian Gulf, whose sea lanes have been under the supervision of the United States for a long time, and therefore it must be careful in this matter.   link  

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Courtesy of Dinar Guru

Mnt Goat   I can’t think of anything bad that has happened to hinder the progress of the currency reform project within Iraq...I believe that perhaps Iraq has already moved beyond the point of no return and now has to progress forward to the end with the currency reform. Yes, the situation today is not the normal that we have witnessed in the last two decades...With everything that is going on around Iraq they simply can not stay on the program rate much longer and I am surprised they lasted this long...The tone is different and now very hopeful for the future. Even when I talk to my CBI contact the tone is different...

Militia Man  Al-Sudani Quote:  'There's great confidence in the Iraqi dinar noting that the exchange rate of the dollar trend to stabilize and reach the official price soon.'  They already changed the official price quite some time ago...February 7th.  Now they're saying it again...It sounds to me like there's going to be another change...

"EVERYTHING Just Changed For Gold And Silver" - Bill Holter | Gold Silver Price

Mindvesting:  4-21-2023

Learn why Holter believes this could be the tremor before a massive financial earthquake, and how gold and silver might play a crucial role.

https://www.youtube.com/watch?v=8uYWcBJ2PoQ

This Coming Financial Crisis Is Different: The Fed Has More Tools to Take Your Money - George Gammon

Stansberry Research:  4-21-2023

“If you have this contraction in the money supply and we see that continue, then potentially you go into a 1930s type of Great Depression,” says George Gammon, macroeconomics expert and host of the Rebel Capitalist Show.

He says money supply contracted 20% to 30% during the Great Depression, leading to business failures and a reduction in bank lending... and that is exactly what we are seeing right now.

 In addition, he argues that the recently announced IMF central bank digital currency serves as a means for the Fed to control and “micromanage the global monetary system.”

 “Instead of holding gold on their balance sheet as a reserve asset, the Federal Reserve would hold digital SDRs,” making the transfers and payments across borders much easier.

He concludes that the global monetary system has been broken sine 2008 and he predicts a hard landing due to the fragility of the banking system.

https://www.youtube.com/watch?v=BFmOD2lAc50&t=21s