More News, Rumors and Opinions Friday Afternoon 5-19-2023
TNT:
Tishwash: Deputy: Parliamentary insistence on passing the budget for three years during the current month
The leader of the Kurdistan Democratic Party, Representative Mahma Khalil, confirmed the determination of the deputies and the political blocs to pass the budget law for three years, and it is likely that it will be passed during this month.
And Khalil told (Baghdad Today) about setting yesterday, May 17, as a preliminary date for voting on the budget, that "we were ruling out passing the budget on this date from the beginning," noting that "the budget may start during the current month."
TNT:
Tishwash: Deputy: Parliamentary insistence on passing the budget for three years during the current month
The leader of the Kurdistan Democratic Party, Representative Mahma Khalil, confirmed the determination of the deputies and the political blocs to pass the budget law for three years, and it is likely that it will be passed during this month.
And Khalil told (Baghdad Today) about setting yesterday, May 17, as a preliminary date for voting on the budget, that "we were ruling out passing the budget on this date from the beginning," noting that "the budget may start during the current month."
And he stressed that " the issue of passing the budget for three years is a popular and political demand for the purpose of giving more stability to the government financially," noting that "the political blocs are determined to pass the budget this month."
The State Administration Coalition had set last May 17 as a preliminary date for voting on the budget, but the date passed without the possibility of passing the budget, due to the presence of many controversial items and materials that have not been resolved within the Parliamentary Finance Committee. link
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: All of our cards like MasterCard and Visa card and key cards...are suspended all of a sudden...they're saying due to changes in the CBI. Something is going on. And they say they'll be back up in a couple of days...This is all falling together nicely and it seems to be for this weekend. FRANK: If they have reached the budget...and they're going to come out this weekend with it, then it makes sense doesn't it that everything else now has to freeze for the budget to come out with a new exchange rate that will be calculated into your cards, loans, accounts, daily life, your new lower denominated notes...let's see what happens...
Breitling Question: "Have you seen the Iraqi Parliament take any more action steps that you thought would be required before they actually have an RV?" No. They've done everything they need to do. They did that about a year and a half ago. There is nothing, no laws they can pass, all their banking restricting, them being compliant to the IMF, they're 100% compliant. So it's whenever they want to do it. Literally someone can wake up and hit the switch. That's it. There is no more policy [needed].
LIVE! Superbank Goldman Sachs ADMITS That "Government Data Is Inaccurate." More Updates.
Greg Mannarino: 5-18-2023
Rafi Farber: Deal or No Deal, Banks Will Suffer Either Way And Pressure Will Mount On the Fed
Arcadia Economics: 5-19-2023
With the Treasury down to $68 billion and a debt ceiling deal just around the corner, few are considering what happens to banks when a deal finally is struck and the Treasury has to raise $1 trillion in short term cash in a matter of weeks.
That borrowing capacity has to come from somewhere, and it's going to come from bank deposits, which are already being vacuumed out of the banking system at rates that rival the Great Depression.
Deal or no deal, the banks are going to get clobbered, and when they do, the Fed will ultimately have to cut back down to zero.
And when that happens, we all know what happens to silver.
Playing Russian Roulette With US Credit- Lynette Zang
Playing Russian Roulette With US Credit
Lynette Zang: 5-18-2023
Will the U.S. go into default for the first time in its history?
The whole advantage of being the world reserve currency is that we can print from debt the money that we need to pay our bills.
Is the government so divided that they would actually allow a default? What if we don't pay our bills?
Janet Yellen says we could run out of all of the tools that she has to postpone hitting the debt ceiling on June 1st.
Playing Russian Roulette With US Credit
Lynette Zang: 5-18-2023
Will the U.S. go into default for the first time in its history?
The whole advantage of being the world reserve currency is that we can print from debt the money that we need to pay our bills.
Is the government so divided that they would actually allow a default? What if we don't pay our bills?
Janet Yellen says we could run out of all of the tools that she has to postpone hitting the debt ceiling on June 1st.
MarkZ and Michael Cottrell Friday Morning Chat 5-19-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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: Top of the morning, hello to the Mod squad and Mark
Member: It's Fridaaaaayyyyyyyy!!!!! Oh if I could retire and it be Friday evening every day.
Member: I have a really good feeling about this weekend……..
MZ: There are meetings going on with the UN in Iraq as they talk about all the changes as they are looking to change their values.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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: Top of the morning, hello to the Mod squad and Mark
Member: It's Fridaaaaayyyyyyyy!!!!! Oh if I could retire and it be Friday evening every day.
Member: I have a really good feeling about this weekend……..
MZ: There are meetings going on with the UN in Iraq as they talk about all the changes as they are looking to change their values.
Member: Tomorrow Iraq parliament is supposed to vote on the 3 year budget
Member: When Mark does his 10:30 podcast tomorrow, it will be 5:30 pm in Iraq. So, we should know if they voted in the morning.
MZ: “Could Friday’s summit be Arab’s Leagues first transformational gathering in 20 years?” This summit could determine if Saudi Arabia can steer the Arab world toward independent policies other than following Washington’s lead. This is from the Irish times….There are a number of articles published all around the world on this meeting. Saudi Arabia of course is joining BRICS.
MZ: This is about the de-dollarization that continues right now worldwide. And they continue to take market shares away from the petrodollar.
MZ: The rumors right now are fantastic. I am hearing that there may be actual money moving on the Tier1 side. I have many people claiming this is true….but no solid proof. These are all steps leading up to Mr. C.
MZ: I am hearing phenomenal things about the weekend. Hearing phenomenal things about the possibility of an announcement in Iraq tomorrow.
MZ: Stay calm. There are so many pins in the air being juggled right now. A number of large historic bond holders in groups are expecting liquid funds by or on Monday morning as the banking system wakes up here in the States.
MZ: We are all praying its accurate this time. Everything continues to be very positive.
Member: once USN announced bondholders and whales paid out ...then Iraq could announce rate! imo
Member: MarkZ Whispering Words of Wisdom… let it be. Let it be, Let it be, Let it be yeah Let it be, let this be the weekend we RV
MZ: “US government may freeze Americans bank withdrawals as currency panic and capital flights mount –Macro Guru Matt Hendrey” We have shared this before. We are now seeing it throughout the news.
Member: Watch the bank runs begin…..the quicker the system crashes –the quicker we get the QFS and the RV/GCR!!!
MZ: “ US plans to expand sanctions and Export controls on Russia” This is at the G7 meeting in Japan. Think about this. They are going to double down and at this point all the sanctions on Russia have fractured the world and pushed more countries away from the US. This has greatly accelerated de-dollarization and the decline in the petrodollar. This is the perfect storm….
Member: JUST IN - India's Reserve Bank announces to withdraw all 2,000 Indian rupee notes from circulation. Holders must exchange them by September 30th. Posted by QSI
Member: gm Bruce said last night that the Tier 4B will have access to 1% of your money from the redemption center for 90 days after the 90 days you will have access to all of it!!! What???
Member: I wonder what did Nader mean: We’re waiting for the US Treasury for what they’re gonna say, what they’re gonna do. It’s their decision now
Member: Frank said yesterday that the electronic payment system in Iraq was suspended for 2 days. Including KYC cards, electronic payment cards , Visa, Masterccard due to upcoming CBI electronic payment changes.
MZ: Yes- we talked about this yesterday. I think it’s an excellent sign that we are daggone close.
Member: I heard that Charlie ward was takin to hospital last night…any updates?
MZ: Charlie is tired, they are taking him in for a CT scan shortly. He believes it is just exhaustion. (Mark plays a short video from Charlie)
Mod: PRAYERS FOR CHARLIE THAT ALL IS WELL
Member: Mark, when you speak with Charlie or send him a message, please tell him all of us are sending him love
MemberL Really praying this is our weekend.
Member: I'm expecting it memorial day weekend...3 day weekend at the end of the month…but earlier is fine with me.
Mr. Cottrell joins the stream at about minute 15:00, and CBD Gurus at the end…..Please listen to the replay for their opinions and information
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
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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.
"Tidbits From TNT" Friday Morning 5-19-2023
TNT:
Tishwash: Economist: We are on the verge of a quantum leap in financial transactions
The researcher in economic affairs, Hisham Al-Baydani, explained, on Friday, that Iraq is on the verge of a quantum leap in the quality of financial transactions, especially with the entry into force of electronic applications in many institutions in order to get rid of the inflation that the country suffers from.
Al-Baydani told Al-Maalouma, that "Iraq, despite its late entry into the techniques of financial sciences and its applications, the coming months will witness a wide boom in the applications of electronic financial transactions after decades of traditional monetary trading."
He added, "What will happen from electronic transactions is only in implementation of the instructions of the Central Bank of Iraq to publish pos points, which would reduce the monetary mass in the country, which in turn is one of the causes of rampant inflation."
TNT:
Tishwash: Economist: We are on the verge of a quantum leap in financial transactions
The researcher in economic affairs, Hisham Al-Baydani, explained, on Friday, that Iraq is on the verge of a quantum leap in the quality of financial transactions, especially with the entry into force of electronic applications in many institutions in order to get rid of the inflation that the country suffers from.
Al-Baydani told Al-Maalouma, that "Iraq, despite its late entry into the techniques of financial sciences and its applications, the coming months will witness a wide boom in the applications of electronic financial transactions after decades of traditional monetary trading."
He added, "What will happen from electronic transactions is only in implementation of the instructions of the Central Bank of Iraq to publish pos points, which would reduce the monetary mass in the country, which in turn is one of the causes of rampant inflation."
And that "this step, which will start in early June, will encourage Iraqis to save the value of their money electronically and start opening bank accounts that may increase the number of active accounts currently, which are estimated at seven million bank accounts." link
Tishwash: The United Nations enters the budget line and calls for expediting its approval
The representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, confirmed that the urgent approval of the budget is extremely important.
"The Iraqi government is focused on consolidating the pillars of political stability, and Iraq has enormous potential, and through the government's ambitious plans, many factors of instability can be addressed, provided they are fully implemented," Blaskhart said, during her briefing on Iraq before the Security Council, reported by the official agency.
She added, "All eyes are on the Iraqi Council of Representatives, and agreement on an effective budget, sooner rather than later, is critical, as it provides the resources needed to turn certain goals of the government into reality - including adequate public services and organizing provincial elections."
And she continued, "The government of Iraq has taken a frank and clear stance against the harmful effects of corruption, and reforms will not take root if they are suffocated by the weeds of nepotism and graft, and independent state institutions are of great importance."
She pointed out that "the interactions in the relationship between Baghdad and Erbil are good. I stress the importance of proactive governance and thus institutionalizing the structure of relations. It is still necessary to go beyond the limits of circumstantial dealings."
Regarding the political situation in the Kurdistan region, she said: "I hope that the parties will intensify their efforts now and overcome differences and work to serve the interests of all people. From one look at the history or geography of the region, it becomes clear to us the extent of the urgent need to reach sustainable solutions, and the region's parliamentary elections have been long overdue, and that another postponement." It will damage public confidence."
On the water crisis in Iraq, Blaskhart confirmed, "Water is the most important climate crisis in Iraq, and the government is preparing plans for a large-scale modernization of water management systems in Iraq. The fair distribution of resources among Iraq's neighbors is equally important, and the only feasible solution lies in taking bold local measures and cooperation." close regional. link
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CandyKisses: Parliament Finance announces the end of voting on most budget items
Baghdad - NAS
The Parliamentary Finance Committee announced on Thursday the end of voting on most items of the general budget.
The committee said in a statement received by NAS (May 18, 2023), that "the committee held its forty-sixth meeting to complete the budget law for the fiscal years 2023-2024-2025, and ended voting on most of the items and paragraphs of the budget in preparation for submitting it to the Presidency of the House of Representatives."
The head of the committee, Atwan Al-Atwani, stressed during the meeting that "the fate of large segments of citizens is related to the vote on the budget law," adding that "the committee is keen to speed up its completion, to proceed appropriately to meet the aspirations of the people."
According to the statement, the committee completed reading the budget items, which include determining the percentage of payment of late dues to the governorates according to maturity due to the increase achieved from the difference in the selling price of oil, and the disbursement of project implementation dues according to completion rates, as well as the mechanism for listing projects in accordance with the investment plan for the development of the regions, and the maturity of ideas on them.
The committee also continued to discuss and vote on articles related to the provision of municipal services to neighborhoods adjacent to the basic design based on specific procedures, as well as subsidizing electric power and installing generating stations for all regions, and projects consistent with the government's priorities in accordance with the government program, and voting on them in a way that meets the public interest.
According to the statement, the Parliamentary Finance Committee completed voting on many items of the Federal Budget Law after maturing visions and ideas in line with the requirements for implementing the government program.
Earlier, the parliamentary finance committee announced that it had reached the final stages of resolving the general budget law.
A statement by the media department of the House of Representatives, a copy of which was received by NAS, (May 18, 2023), stated that "the Finance Committee, headed by Chairman of the Committee Atwan Al-Atwani, and its members attended a meeting that lasted late on Wednesday evening, regarding the finalization of the Federal Budget Law for the fiscal years 2023-2024-2025, in preparation for submitting it to the Presidency of the House of Representatives for inclusion in the Council's agenda."
During the meeting, Al-Atwani stressed that "the committee has reached the final stages of resolving the general budget law," pointing to "the need to support strategic projects and follow development paths, provide the necessary resources to develop priority sectors, improve public services and infrastructure, and contribute to the investment of natural resources in order to achieve financial and economic stability for the state, in accordance with the implementation of the government program."
The statement added that "the committee held extensive discussions on the mechanism for determining the need of spending units of financial allocations for the possibility of conducting transfers, ensuring exchange priorities, maximizing non-oil revenues, as well as emphasizing the involvement of the private sector, to contribute to improving production and the continuation of projects."
The members of the Finance Committee expressed their observations on the validity of the general budget for one or three years, and the allocations for the development of the regions, as well as the audit of the legal texts received, while voting within the committee was held on a number of articles contained in the law.
Mot: ... hmmmmmmmmmmmmmmmm
Mot... Ya Know Where the ""Potato Sack Race"" Orginated??
News, Rumors and Opinions Friday AM 5-19-2023
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 Fri. 19 May 2023
Compiled Fri. 19 May 12:01 am EST by Judy Byington,
Global Currency Reset:
Thurs. 18 May Bruce: Tier 4b will receive notification to set appointments on Sat 20, Sun 21 or Mon 22 May. Iraq was asked not to put their new rate out until Sunday 21 May when they will activate their ATM machines with the new currency in them. On Sat. 20 May the new Iraqi Dinar rate will be exposed through announcement of the Iraqi budget.
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 Fri. 19 May 2023
Compiled Fri. 19 May 12:01 am EST by Judy Byington,
Global Currency Reset:
Thurs. 18 May Bruce: Tier 4b will receive notification to set appointments on Sat 20, Sun 21 or Mon 22 May. Iraq was asked not to put their new rate out until Sunday 21 May when they will activate their ATM machines with the new currency in them. On Sat. 20 May the new Iraqi Dinar rate will be exposed through announcement of the Iraqi budget.
Thurs. 18 May MarkZ: “Bankers are prepared for it to go anywhere from this evening to Monday morning. They are very excited. We are told to expect the vote on the new Iraqi Dinar Rate on Sat. 20 May. The belief is from almost all the contacts I have is that they have already passed it and are waiting to announce it. I am guessing they are dotting the last I’s and crossing the last t’s right now before they announce it to their people. Bankers and Historic Bond folks feel like they are on a minute by minute watch. Even my Redemption Center contacts are watching minute to minute right now.”
“I received a phone call telling me that the launch codes for Wells Fargo have been released. It only a matter of time for notifications.” …Anonymous Tues. 16 May
“I just received another audio from another leader from Tier 1 and the owner has received the codes to activate the liquidity. Leaders are flying from all over the world to receive their blessing and once that happens they will start distributing the funds to their members. This is really historical as this is the commencement of the RV.” …Wolverine Wed. 17 May at 6:43 am
“On Tues. 16 May afternoon around 5 pm EST the US Treasury released the revaluation of currency codes to Wells Fargo. …Bruce Tues. 16 May
The Emergency Broadcast System Disclosure was expected at any time with all Stock Markets crashing and shut down for 2 to 10+ days, after which Tier 4b and a few days later, the Gen. Public would obtain notification to call an 800# of a nearby Redemption Center and set appointments to Redeem Zim and/or exchange currencies. …David XRP on the Charlie Ward Show.
Exchange rate- Convergence – Coordination – Finance Committee: https://www.youtube.com/watch?v=gg6Bp3zEvEg Iraq only moving budget for timing purposes.
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Thurs. 18 May 2023 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
Iraq was asked not to put their new rate out until Sunday 21 May when they will activate their ATM machines with the new currency in them.
Sat. 20 May is exposure for the new Iraqi Dinar rate in the Iraqi budget.
Beginning Tues. 1300 to 1800 Bond Holders began receiving notification and were given 1% access to their Bond Redemption.
Tier4b redemption will be paid in digital gold-backed USN currency.
Tier 4b will receive notification to set appointments Sat 20, Sun 21 or Mon22 May.
Tier 4b will have access to 1% of the total exchange on the day of exchange – that can be moved into your Wells Fargo primary account.
After 90 days you will have access to the rest of your exchange.
A wealth manager will be assigned to you.
The Quantum computer will track every purchase you make to make sure it doesn’t go to nefarious activities.
Read Full post here: https://dinarchronicles.com/2023/05/19/restored-republic-via-a-gcr-update-as-of-may-19-2023/
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Courtesy of Dinar Guru
Mnt Goat ...Yes, they did vote on many provisions of the budget...Wednesday but did not complete it. The committee is now meeting to vote on its paragraphs and will be completed within the next few days. ...the committee has reached the final stages of resolving the general budget law and we can expect it very soon. Remember also this would be something that Iraq has never done before. First of all a three year budget and second actually open it officially for projects to reconstruct their country. WOW!
Militia Man Parliament is likely to vote on the budget law next Saturday. We heard that they were going to possibly do this on the 10th. Then they said they possibly do it on the 17th and then...they moved it to Saturday...the 2023-34 budget is like a chess piece. They're moving them back and forth back and forth - why? Because they're waiting on something...an exchange rate change. That's what I believe is happening.
X22 Report: Inflation is Hiding the Recession, States Moving to Gold Standard
5-1-8-2023
The people around the world are fighting back the Dutch farmers are protesting again and pushing back against the [WEF] taking their farms. Inflation has been hiding the recession, now everything is about to change. Texas is now moving towards a gold standard, will run parallel currency system.
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Fed’s Tough Inflation Talk Sparks Gold Correction - Ep 895
Peter Schiff: 5-19-2023
More News, Rumors and Opinions Thursday Night 5-18-2023
TNT:
Tishwash:: American forces prey on Iraq.. Washington clings to the pretext of terrorism and the date of withdrawal is "unknown
Today, Thursday, the security expert, Safaa Al-Aasam, counted the presence of foreign and American combat forces inside Iraqi territory as "no need for it," and while he confirmed that Biden's recent position complements previous positions, he referred to a pretext used by Washington to stay in Iraq.
In an interview with Al-Maalouma, Al-Aasam said, "The new statement from the US President, Joe Biden, about extending the emergency period in Iraq is complementary to the previous statements, as all US presidents emphasized the survival of US forces inside the country."
He added, "The best evidence of this is the presence of many bases on our lands," considering that the Ain al-Assad base is the largest in the Middle East, stressing, "Washington has no intention of withdrawing from Iraq."
TNT:
Tishwash:: American forces prey on Iraq.. Washington clings to the pretext of terrorism and the date of withdrawal is "unknown
Today, Thursday, the security expert, Safaa Al-Aasam, counted the presence of foreign and American combat forces inside Iraqi territory as "no need for it," and while he confirmed that Biden's recent position complements previous positions, he referred to a pretext used by Washington to stay in Iraq.
In an interview with Al-Maalouma, Al-Aasam said, "The new statement from the US President, Joe Biden, about extending the emergency period in Iraq is complementary to the previous statements, as all US presidents emphasized the survival of US forces inside the country."
He added, "The best evidence of this is the presence of many bases on our lands," considering that the Ain al-Assad base is the largest in the Middle East, stressing, "Washington has no intention of withdrawing from Iraq."
The security expert explained, "This file will continue until terrorism and ISIS leave Iraq, which America is trying to keep this file open due to the continuation of the state of anxiety inside the country," considering it "one of the pretexts for the presence of foreign and American forces."
And Al-Aasam stated: "There are no foreign forces in the Iraqi combat arena, with the exception of monitoring, which the Iraqi forces are fully capable of," noting that "the military establishment is efficient in a way that allows it to fight terrorism on its own without the cooperation of any country."
A member of the State of Law Coalition, Abbas al-Maliki, had confirmed that "the declaration of a state of emergency in Iraq is not new, as they previously confirmed that they would not leave the region and Iraq," pointing out that "Washington interferes greatly in Iraqi affairs and state policy."
US President Joe Biden decided, earlier, to extend the state of emergency on Iraq, impose new sanctions on entities and some personalities, and prevent the import and export of some goods. link
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CandyKisses: Maliki offers a "solution" to remove US forces from Iraq.
Information / private.
A member of the State of Law Coalition, Abbas al-Maliki, on Thursday presented a solution to remove US forces from Iraq, and while stressing that the declaration of a state of emergency is not new, he pointed to the existence of interests for Washington inside the country.
Al-Maliki said in an interview with the Information Agency that "America relies on the player's policy on contradictions, as it worked to scare the Arab Gulf region from Iran to stay for a long time."
He added, "Declaring a state of emergency in Iraq is not a new matter, as they previously confirmed that they will not leave the region and Iraq, especially since they have interests in the country," pointing out that "Washington interferes greatly in Iraqi affairs and state policy."
Regarding the solution to expelling America from Iraq, al-Maliki said that "expelling the American side from Iraq is represented by unifying the decision and the agreement of all political forces," stressing that "the relationship between Baghdad and Washington has been unbalanced since 2003."
Al-Maliki stressed that "America relies on the military side because of the failure of its political projects," noting that "Washington entered through the window again into Iraq through the plot of ISIS."
Member of Parliament, Muhammad al-Baldawi, considered Washington's decision to extend the state of emergency in Iraq as a second occupation of the country, while stressing that America continues to impose wills and dominate many files.
Earlier, US President Joe Biden decided to extend the state of emergency in Iraq and impose new sanctions on entities and some personalities, and prevent the import and export of some goods.
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Courtesy of Dinar Guru
Nader From The Mid East We're waiting for the US Treasury for what they're gonna say, what they're gonna do. It's their decision now. Everything has been done by the book. The dollar has been banned... Now everybody can buy dollars now only if you need them.
Pimpy Iraq is starting to...stop being a dual currency country. In other words you can't use both US dollars and the dinar. They want to go down to where people can only use the dinar...This...reduces people wanting to go into the black market because the penalties can be very severe...if you want to protect your currency just deal with the Iraqi dinar. It'll grow in value. It'll grow in strength as people exclusively us the dinar. Think supply and demand.
There’s three float Iraq stopped all digital transaction today
Nader: 5-18-2023
ALERT! When Silver Price Suppression ENDS We Will be Free of the Crim*nal B*nkers!!
(Bix Weir) 5-18-2023
WHY IS SILVER RIGGING ALLOWED?...Silver is the Canary in the Coal Mine! Silver is the Silver Bullet to the Market Riggers!
Silver will SAVE OUR COUNTRY by Destroying the System!
Thursday Evening News with MarkZ 5-18-2023
Thursday Evening News with MarkZ 05/18/2023
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Mark, Mods & everyone !
Member: What are the 3 floats Nader was talking about?
Member: MARK when do you think the float will be truly happening on forex?
MZ: Nader had another drop…..he explains about what he means about the float. We have the official rate –in reality the buy and sell is floating. He hits another point about digital transactions….All digital transactions were halted in Iraq today. This is very important.
Thursday Evening News with MarkZ 05/18/2023
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Mark, Mods & everyone !
Member: What are the 3 floats Nader was talking about?
Member: MARK when do you think the float will be truly happening on forex?
MZ: Nader had another drop…..he explains about what he means about the float. We have the official rate –in reality the buy and sell is floating. He hits another point about digital transactions….All digital transactions were halted in Iraq today. This is very important.
MZ: We were told all along that we would see a closing of the Iraqi financial border. We also hear there may be a temporary travel ban to keep people from coming and going for a short bit if they go ahead of the rest of the world.
MZ: I do find this interesting that no electronic financial transaction s are currently happening in Iraq. They said it might be back within 2-3 days. Could it be they have put the timing in their crosshairs for this weekend? It would make sense.
MZ: “Central Bank disables all electronic payment cards” This is very curious timing to me.
Member: Frank. 26 said this afternoon Iraq has suspended all electronic cards for two days and they read the budget law on Saturday, so Saturday may be our day.
Member: Iraq has 3.5 million homes to be built….. each home costing 1.0 million. the change is here RV started…imo
MZ: They are preparing for a massive construction boom and a massive building wave to occur.Now if nobody can afford this because the average income is only a few grand a year…How are people going to buying these houses?? I think they are preparing and they know….
MZ: “Ahead of joining BRICS, Iraq issues ban on US dollar transactions” To me Iraq is telling us they are going- with or without the rest of the world….and they are prepared for either way. Iraq has thrown the dice on who they think is going to win the war of the resets…..and I agree with them.
MZ: One reset believes in backing money with commodities and that all ships rise with the tide….the other reset believes that only the elite should have assets and the rest of us “mouth breathers should be controlled by the slave owners….and you and I are the slaves. But we are winning.
Member: This is awesome news that Iraq is joining BRICS…..wish we all could..lol.
MZ: Iraq has hitched its star to the BRICS train.
Member: RV happens. Problem is will it be with fiat or asset backed.
Member: This is 2 giant trains speeding towards only one tunnel.
MZ: Biden made a comment today about freezing of U.S. bank withdrawals amid the decline in M2 money supply. I am so surprised this has not caused a massive bank run to start today. I’m surprised everybody in the world isn’t going to banks to take out all the cash they can. This is very interesting. Is it getting ready to hit the fan or what????
Member: ATM no cash available here today except for one? Three Wells Fargo banks in the area too
MZ: “Fitch downgrades Pacwest debt to junk status after deposit flight exceeds peers. Pacwest Bank is now junk.
Member: Where will Canadians go to exchange after the RV?
MZ: You will find out just the way we do…..I hear HSBC, Scotia Bank and RBC (Royal Bank of Canada ) Are the ones handling that. It should work the same all around the world I have been told repeatedly.
Member: Mark is it possible we default first … Buh bye debts etc. RV to follow , bam we convert , then…. Double bam .. Treasury converts their trillions in IQD to USTN and voila … US debt free, has trillions
Member: Anything new on bonds?
MZ: I am unable to contact the two I know that were expecting dollars today. My calls go straight to voicemail ….I don’t know what to tell you on bonds.
MZ: Bankers are prepared for it to go anywhere from this evening to Monday morning. They are very excited.
Member: Mark - who has the final authority to green light the start of the RV and start exchanges?
Member: We have heard it’s the Chinese elders pulling the trigger…or UST…or Iraqis CBI……pick one. No one seems to know.
Member: I am new – what is a RV?
MZ: It stands for Revaluation. Where countries adjust their currencies when debt becomes untenable. It has happened many times throughout history. We have been looking for it a couple years now and it appears we are on the cusp.
Member: we all have waited so long we won't really believe it when it happens
Member: I still have a bottle of champagne chilled and ready to go.
Member: Good night everyone....Dream BIG
Member: Mark, you are doing an incredible job. Thanks for all the great content.
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!
News, Rumors and Opinions Thursday 5-18-2023
TNT:
Tishwash: The Finance Committee meets to finalize the budget law
The Finance Committee discussed the following files:
Supporting strategic projects and following development paths
Providing the necessary resources to develop priority sectors and improving public services and infrastructure
Contributing to investing natural resources in order to achieve financial and economic stability for the state in accordance with the implementation of the government program
Mechanism for determining the need for spending units from allocations Finance for the possibility of making transfers
TNT:
Tishwash: The Finance Committee meets to finalize the budget law
The Finance Committee discussed the following files:
Supporting strategic projects and following development paths
Providing the necessary resources to develop priority sectors and improving public services and infrastructure
Contributing to investing natural resources in order to achieve financial and economic stability for the state in accordance with the implementation of the government program
Mechanism for determining the need for spending units from allocations Finance for the possibility of making transfers
Ensuring exchange priorities
Maximizing non-oil revenues
Emphasizing the involvement of the private sector to contribute to improving production and continuity of projects link
CandyKisses: Iraq’s file in a special session of the UN Security Council. Notes and praises
Shafaq News / The UN Security Council will hold a special hearing on Iraq on Thursday, in New York, during which the representative of the Secretary-General of the United Nations Jenin Blaskhart is expected to deliver a speech on recent developments in the country, as well as the recent report of the UNAMI mission and issues related to Kuwait's losses from the Iraqi invasion.
The "Security Council News" website stated in a report translated by Shafaq News Agency, that Iraqi Prime Minister Mohammed Shia Al-Sudani recently announced the approval of the Council of Ministers on the draft budget for the years 2023-2025, which is supposed to deal with the priorities he set in his government program such as combating corruption and unemployment, creating jobs, supporting low-income segments, reforming the economic and financial sectors and strengthening public services.
The report indicated that Blaskhart is expected to provide the Security Council with a follow-up on relations between the federal government and the Kurdistan Regional Government, as the two governments continued their dialogue on outstanding issues, such as revenue sharing and oil law, in addition to the first visit of Sudan to the region on March 14 and 15, in addition to the arbitration case that froze the flow of oil sales from the region to Turkey, and then the settlement that took place between the governments of Baghdad and Erbil on this issue on May 11.
According to the UN report, the security situation will also be one of the axes of the words of Blaskhart, as ISIS continued to launch attacks, mainly in the governorates of Anbar, Baghdad, Diyala, Kirkuk, Nineveh and Salah al-Din, while the Iraqi security forces continued to confront terrorist operations.
The report pointed out that the number of attacks attributed to ISIS during the first quarter of 2023 (92 attacks, compared to 188 attacks during the first quarter of 2022), the lowest quarterly figure since Iraq declared victory over ISIS in December 2017, highlighting an overall decrease in attacks.
Blaskhart is also expected to address the harmful effects of climate change on Iraq, which is one of the most vulnerable countries in the world to climate, and suffers from increasing water scarcity as a result of desertification, salinity and disagreements over water management with neighboring countries, causing a decrease in the water level in the Tigris and Euphrates rivers.
In addition, in her press briefing before the Security Council, Blaskhart will address issues of human rights and the humanitarian situation in Iraq.
A representative of civil society in Iraq will participate in the session, where she will talk about issues focusing on women, peace and security, and will call, according to the report, for justice in women's participation in political life, and the importance of passing the law on violence against women.
Besides, Blaskhart will raise the issue of regional impacts on Iraq.
The members of the Security Council are expected to commend the progress made by the Iraqi authorities in implementing their government programs, including the agreement on the budget, the scheduling of provincial elections, and the interim agreement between Baghdad and Erbil on the sharing of oil revenues.
They may also welcome success in operations against ISIS and promoting security stability, stressing the importance of dealing with the root causes of extremism.
The session will also address, according to the report, the end of the UNAMI mandate scheduled for May 31, as some countries are expected to demand that the mission’s role be strengthened on issues such as women, human rights and climate change.
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Courtesy of Dinar Guru
Mnt Goat I have to say it is all very good and the CBI and GOI are working together to move in the direction they need to take for us to very possibly see the reinstatement back to FOREX (Foreign Currency Exchange) by June or about. There are no obstacles. They must have a budget passed and in place. Also they must have agreements for the oil and gas law... we may be in the window to finally see this RV to the end... We will just have to sit tight and wait this one out.
Clare Article: "The Central Bank disables all electronic payment cards.. and a source of {Euphrates News} explains" Quote: "Master Card and [Suge] have been suspended, including palm cards, pending instructions from the Central Bank," noting that "most of the cards issued in Iraq are suspended due to a change in the central bank's system and may return to work in the next two days."
Markets Warning Technical DEFAULT Is Likely | Andy Schectman
Liberty and Finance: 5-16-2023
Andy Schectman says the Treasury market is signaling that the U.S. is headed to a technical default. This could result in a catastrophe for the financial system. Schectman warns that the system is extremely susceptible to shocks. "This is your advanced warning," he says
"The Reset That Is Planned...Is From Evil, To SUPER Evil" | Mike Maloney
5-8-2023
Mike sits down with Julia La Roche to reveal the ugly truth behind our fiat currency system. For years, Mike has been educating people about the issues that come with fiat currency, while advocating for a return to sound money.
However, the elites and central bankers are reluctant to do so and continue to benefit from the current corrupt system. Now, central banks and world governments are conspiring to create an even more insidious system that exerts more control over you and your cash - a central bank digital currency (CBDC).
“If they can come up with a central bank digital currency and get everybody on it, then you're trapped. If there is no other alternative, then at that point, they can do negative interest rates, they can increase taxes, to be able to pay all of this interest that we have to borrow ourselves deeper and deeper and deeper into debt every year just to keep the game going.” – Mike Maloney
And the scary part is that this reality is a lot closer than you may think. If you are concerned about preserving your purchasing power, this is a video you won’t want to miss. Mike explains everything in today’s video.
From Londinium Comes A Message Of Hope
From Londinium Comes A Message Of Hope
Information Briefing #186 by whitehatauxiliaries May 18, 2023
Interesting developments in the Elders Saga. Real world!
The Chinese Elders, US Treasury, and UN, along with the World Bank are now close to agreeing phased steps for initial releases.
1. First Projects are being phased for Africa. Greatest need!
2. London will become the Epicenter for Elders’ Financing and control, as well as both their UN and Commonwealth proliferation.
From Londinium Comes A Message Of Hope
Information Briefing #186 by whitehatauxiliaries May 18, 2023
Interesting developments in the Elders Saga. Real world!
The Chinese Elders, US Treasury, and UN, along with the World Bank are now close to agreeing phased steps for initial releases.
1. First Projects are being phased for Africa. Greatest need!
2. London will become the Epicenter for Elders’ Financing and control, as well as both their UN and Commonwealth proliferation.
https://whitehatauxiliaries.files.wordpress.com/2023/05/emperor.jpeg
3. We will assess Crypto holdings. No more can be said until done.
4. A sizeable Global operation is phased to grow once adequate London Infrastructure has been accomplished and funded to cope with the needs forecast. We will be using our existing US Partner Operations to coordinate with the US Treasury and UN. All is yet to be signed off and will take time. US Treasury links is the point of interest. As is the parallel UN. Elders already have key UN roles. As do the Chinese.
While details cannot be publicized, it’s progressing. A step at a time and a huge historical investment.
Trust is earned. Hard earned. NY has been bypassed for Fiscal control. The British Trust wins.
The first steps towards Global rebalancing and a better world. Relationship Banking. Hope for Africa. British Ethics to protect all. British Managed Wealth for the Common People. Zionist shielded.
Green shoots.
Stay tuned. WHA S*P*Q*R*
https://whitehatauxiliaries.com/2023/05/18/information-briefing-186/
"Tidbits From TNT" Thursday Morning 5-18-2023
TNT:
Tishwash: World trade abandons the dollar.. 60 countries kick the hard currency and resort to the yuan
Trading in local currencies is now a common practice in the global economy among many countries, where the local currency trade (LCT) has gained so much momentum that bilateral trade agreements by local currencies and de-dollarization are now widespread.
In the aftermath of the pandemic and the crisis in Ukraine in particular, many medium and small countries are now sharing local currencies in their trade dealings, and are abandoning the US dollar, which dominates a large part of the global economy.
Russia And Bangladesh Recently announced their intention to make payments in yuan, in order to overcome the challenges posed by US sanctions against Russia. Before that I signed Bangladesh And India on a trade agreement in Indian rupees.
TNT:
Tishwash: World trade abandons the dollar.. 60 countries kick the hard currency and resort to the yuan
Trading in local currencies is now a common practice in the global economy among many countries, where the local currency trade (LCT) has gained so much momentum that bilateral trade agreements by local currencies and de-dollarization are now widespread.
In the aftermath of the pandemic and the crisis in Ukraine in particular, many medium and small countries are now sharing local currencies in their trade dealings, and are abandoning the US dollar, which dominates a large part of the global economy.
Russia And Bangladesh Recently announced their intention to make payments in yuan, in order to overcome the challenges posed by US sanctions against Russia. Before that I signed Bangladesh And India on a trade agreement in Indian rupees.
A report by the European magazine Modern Diplomacy says that eastern countries now prefer to trade in local currencies, and not only Bangladesh And India And Russia. Where announced Brazil And China Recently announced plans to trade in the yuan. In addition, there are proposals about creating a new currency to replace the dollar in BRICS countries.
What does de-dollarization mean?
The term "de-dollarization" refers to the process of moving away from the use of the dollar in international trade. In order to reduce risk and vulnerability in transactions, the dollar has been used traditionally in international trade, in addition to this it is the result of the supremacy of the United States in terms of soft power and the global economy.
The European Journal says that de-dollarization is a strategy previously used by countries to challenge the United States, however, in the post-Covid period, fluctuations in foreign exchange reserves (Forex) and the global dollar crisis are among the main reasons behind the current de-dollarization process, so geopolitical competition Dwindling confidence in the dollar is currently a contributing factor to this process.
Trading local currencies is a common approach to de-dollarization. The term LCT stands for Local Currency Cross Border Trade. Here the currencies are converted directly based on the exchange rates of these countries, and the rupee-based trade agreement is considered between Bangladesh And IndiaAn example of an LCT.
Apart from the LCT, the third currency trade is currently another aspect of the de-dollarization process. One such example is the payment between Bangladesh And Russia In Chinese yuan, where I decided Bangladesh And Russia The use of the yuan to settle loans in order to evade US sanctions on the use of Russia For Universal Gate - Swift.
What new countries intend to “de-dollarize” or trade in local currencies?
Today, some 60 countries are involved in trading in their own currencies, and it is also practiced by many of the United States' longtime allies in the Global South, such as India which currently has LCT agreements with 19 countries.
Saudi Arabia has begun to accept the yuan in oil trade, and other Gulf countries are considering allowing the yuan in oil trade as well. Previously, oil was only sold by the Gulf states in US dollars, however it seems that they are now considering taking in additional currencies.
The idea of creating a new currency is another noteworthy initiative in the ongoing de-dollarization process. The BRICS organization is working to facilitate trade among its members to launch a new currency. The BRICS countries currently account for 41% of the world's population and 31.5% of the world's GDP. To reduce its dependence on the dollar, Indonesia adopts the BRICS model.
In addition, a new single currency known as the "sur" has been tentatively adopted in Latin America, where you want it Brazil a nd Argentina, the two Latin American giants, to start using the currency in their bilateral trade to reduce their dependence on the dollar.
Why are countries moving away from the dollar?
The current process did not happen over the course of a day or a year. Instead, it was a long-term process that lasted the past 20 years. The percentage of global reserves held in dollars is gradually decreasing, according to Bloomberg. The percentage of dollars held in foreign exchange reserves has fallen from 73% in 2001. to 58% by 2023.
While the dollar's share in global reserves is declining, the yuan's share is gradually increasing and currently ranks fifth in the world with a share of 3%.
The yuan surpassed the euro as the second largest foreign currency in the world Brazil in foreign exchange reserves, which is one of the key factors behind the LCT deal. The share is increasing China of global foreign exchange reserves along with international trade and investment.
Is the Chinese yuan in a strong position to compete with the dollar?
In addition, many countries have begun to believe in the yuan as a reliable and trustworthy currency, as a result many countries choose the yuan over the dollar, because the use of the yuan in international trade also helps the country maintain a balance in its foreign exchange reserves.
And the United States has taken advantage of its financial system to subdue its geopolitical opponents, especially in conflicts with China And Russia.
This "weaponization" of the currency is undermining international confidence, and the geopolitical use of the dollar, which is seen as a global commodity, is making the Chinese and Russians nervous. And RussiaThey are already banned from Swift, which makes it difficult for them to do business with other countries.
The unilateral measures and choices taken by the US administration regarding the dollar exacerbate the current dollar crisis in the global market. The United States has increased its interest rate eight times in the past year, resulting in higher exchange rates that affect people who use dollars around the world. thought the political scientist Fareed Zakaria Also, the United States itself is responsible for such a decline in the use of the dollar due to its geopolitical use and weaponization.
However, in addition to geopolitical and trust issues, the process of de-dollarization is also driven by high exchange rates and low foreign exchange reserves in developing countries. The economy is already suffering in the post-Covid era, and in the context of the crisis in Ukraine. They are turning to LCT to preserve their hard-earned cash, in order to prevent future distress. Additionally these nations have grown to rely on both Russia And Chinain a complicated way.
Therefore, they cannot simply ignore their business relationships with these American competitors. They use either the LCT or the Yuan to keep these trade links going.
For example, touts Bangladesh A neutral and balanced foreign policy towards the major countries. It must pay for the $12 billion nuclear project it has with Russia, so resort Bangladesh And Russia to the yuan to avoid complications related to sanctions. The same applies to Brazil, as it intends to use its reserves of yuan.
Although the dollar's share in global foreign exchange is declining, ideas for launching new currencies are advancing, trading in the yuan is gradually increasing, LCT agreements are also on the rise, the dollar still has the largest market share with 58%, yet there is no prominent competitor. It is the closest competitor, and the euro share is only 20%.
So the current process can be described as a “beginning,” and it is still too early to know whether or not the process will end the Bretton Wood system.
However, there is no denying that Zakaria also believes that the United States itself is responsible for the de-dollarization, because it failed to maintain On trust, it has been used as a weapon of public interest. link
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Harambe: Vietnam a promising market for wealth and personal banking | VnExpress International (5/17/23)
Taylan Turan, Group Head of Retail Banking and Strategy for HSBC's Wealth and Personal Banking business, said Vietnam is one of the bank's most strategic markets due to its potential for wealth and personal banking.
In 2022, HSBC reported its adjusted pre-tax profit in wealth and personal banking rose 35.5% year-on-year to $8.5 billion, while group results for the year rose to $24 billion from $20.6 billion.
Turan shared HSBC's plan for unlocking this promising market by offering wealth and personal banking services and products.
What are the most exciting prospects in Vietnam for HSBC?
It is my second time visiting Vietnam in this role and I am always inspired by the energy and dynamism of the place and the people.
We're optimistic about the country's prospects. It is the fastest-growing economy in ASEAN with a GDP growth rate of 8.02% year-on-year in 2022. It also registers the strongest growth in banking returns among ASEAN markets.
HSBC is contributing to this space through our wealth and personal banking business by supporting the evolving needs of the growing middle class. For example, mortgage financing for their aspirations to own a home, credit card services to make life easier and more convenient; help to manage their wealth via strategic partnerships (such as VinaCapital and Dragon Capital); as well as meeting the needs of families who wish to educate their children overseas.
What are the driving forces behind the growth in wealth and personal banking business?
One core factor is Vietnam's growing middle class which is set to make the country the world’s 10th largest consumer market by 2030, bigger than Germany and the U.K. This trend translates into rising incomes and affluence across all segments of society, and we anticipate the highest growth will be among high-net-worth individuals and the mass affluent population, as these segments hold over 80% of the overall liquid assets.
We expect this structural growth to increase demand for wealth and banking products and solutions, particularly in the retail space.
In 2020, Vietnam approved its National Financial Inclusion Strategy which aims to provide at least 80% of adults with a bank account; and the number of non-cash transactions is expected to expand between a fifth and a quarter annually by 2025. For Vietnam to attain its ambition, it needs the twin tactics of financial services expansion and a shift to a non-cash economy.
With the government's focus on financial inclusion, I see a huge opportunity for the country's wealth and personal banking market.
With such huge potential, what's HSBC's plan for Vietnam?
As we look to grow in Asia, Vietnam is one of our strategic priority markets in terms of wealth and personal banking.
The development of Vietnam's retail industry, including wealth and personal banking, is strongly supported by the country's stable economic growth and population size of approximately 100 million people who are relatively young with rising income levels. Coupled with increasing living standards, Vietnam is one of the most dynamic economies in Southeast Asia that is attracting retailers and financial services.
Firstly, we want to grow our unsecured lending business. Our ambition is to deliver products and services which meet the needs of our growing customer base in Southeast Asia. As part of this, we are doubling down on developing new digital capabilities that match the variety of their borrowing needs, as well as benefits they can use and enjoy instantly. As a leading card issuer in Vietnam, we are strongly placed to meet this strong demand.
For example, Vietnam has a low card penetration rate (only 17% of the population has a credit card), combined with fast-growing card spend at 19% CAGR between 2017 to 2025). This card spending growth is much higher than other markets (such as the Philippines, Indonesia, and Malaysia, at 7%, 6%, and 4% CAGR respectively), signaling a clear opportunity for us to support customers who need credit.
HSBC provides lending to consumers by making banking simple, better, and more accessible in a responsible way. We continuously improve our customer journeys, especially through digital channels, providing customers with simple and reliable information about our products that helps them to make sound financial decisions.
Secondly, we will build on our strong brand affinity to deepen our relationships with mass and emerging affluent customers. They represent the fastest-growing customer segment, and we expect them to grow at 10% CAGR between 2021 to 2025.
Among international banks operating in Vietnam, HSBC is the number one brand, as well as ar market share of affluent customers. I believe this ranking is largely part of our strong international propositions and best-in-class Premier Relationship Managers.
Last but not least, we aim to harness a rapidly rising need for mortgages - the fastest-growing lending product among the mass affluent segment. I’m told of an old saying that the three most important things in life are "Buying a buffalo, getting married, and building a house". We recognize the pace of Vietnam’s urbanization and need for housing, combined with its strong home ownership culture.
Global economic growth is projected to fall from 3.4% in 2022 to 2.8% in 2023 according to the IMF. Vietnam's GDP growth is expected to slow down this year, too. Is this really a good time for the retail sector?
Despite the challenges in the global environment, we’re optimistic about Vietnam and more broadly Southeast Asia. If you look at the spending trends, the picture is positive.
For example, spending by mass affluent customers - comprising millennials who are tech-savvy and enjoy traveling - is driving the region's economy. They account for two-fifths of household wealth in major Southeast Asia markets, and more than half of their total spending is in the premium and luxury categories. We expect the size of this segment to reach 136 million by 2030.
These regional economies continue to show resilience, with consumption growth driven by a full-scale reopening and pent-up demand, particularly for travel and leisure within the region. HSBC will continue to build innovative products and services that enable consumers to spend and borrow for the experiences that matter most to them and their families.
This year as a whole is going to be a tough one for Vietnam, but I believe that it will overcome the challenges and 2023 will utimately be successful.
Mot: oooooh the Excitement of that marital Thingy! - Huh!!!
Mot: ..... he slowly! -- and then --- and then ---
Judy, MilitiaMan and More Thursday AM 5-18-2023
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 Thurs. 18 May 2023
Compiled Thurs. 18 May 12:01 am EST by Judy Byington
“US Will Run Out of Cash by June 2023; All Chaos Will Ensue.” …Janet Yellen, US Secretary of Treasury
Prepare For Emergency Broadcast System World-wide Activation
The EBS will involve Two to Ten Days of Communication Darkness Worldwide where Phones, Internet, Credit/Debit Cards and ATMs will not work, while three eight-hour documentaries a day will be broadcast on TV and Radio 24/7 across the Globe.
It’s only wise to have at least a month’s supply of food, water, cash and essential items on hand.
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 Thurs. 18 May 2023
Compiled Thurs. 18 May 12:01 am EST by Judy Byington
“US Will Run Out of Cash by June 2023; All Chaos Will Ensue.” …Janet Yellen, US Secretary of Treasury
Prepare For Emergency Broadcast System World-wide Activation
The EBS will involve Two to Ten Days of Communication Darkness Worldwide where Phones, Internet, Credit/Debit Cards and ATMs will not work, while three eight-hour documentaries a day will be broadcast on TV and Radio 24/7 across the Globe.
It’s only wise to have at least a month’s supply of food, water, cash and essential items on hand.
Global Currency Reset:
“I received a phone call telling me that the launch codes for Wells Fargo have been released. It only a matter of time for notifications.” …Anonymous Tues. 16 May
“I just received another audio from another leader from Tier 1 and the owner has received the codes to activate the liquidity. Leaders are flying from all over the world to receive their blessing and once that happens they will start distributing the funds to their members. This is really historical as this is the commencement of the RV.” …Wolverine Wed. 17 May at 6:43 am
“On Tues. 16 May afternoon around 5 pm EST the US Treasury released the revaluation of currency codes to Wells Fargo. The alga rhythms were also released.” …Bruce Tues. 16 May
“Iraq is supposed to approve the budget by Saturday. My contacts over there expect things to happen on Saturday.” …MarkZ Wed. evening 17 May
Wed. 17 2023 X22 Report: https://dinarchronicles.com/2023/05/17/x22-report-us-admin-panic-central-banks-begin-the-control-of-other-currencies/
So far there were 2,315 US banks, (nearly half of the 4,800 US banks), that were insolvent as they have burned through their capital buffers.
GCR Financial News: https://rumble.com/v2nxwve-alert-explosive-rv-gcr-financial-news-update-featuring-patriot-rod-steel-mo.html Russia, Zimbabwe and China have gone gold-backed, 80% of countries plus Texas were trying to join BRICS. US Dollar not accepted in Iraq. Lower denoms of Iraqi Dinar were in their ATMs, but not active. There was two resets going on: The gold/asset-backed Global Currency Reset and the Cabal’s fiat currency Great Reset that 23 states so far have rejected and where Wallets could be hacked.
Are the banks planning to do away with cash and go digital? This is from Nigeria, you decide…
A total Banking collapse has already started. A lot of banks around the world are insolvent, over 4,800 in America. Remember, the QFS (Quantum Financial System) will step in and save the banking industry. We will get away from banks in three to five years. The QFS is all that is needed. https://dinarchronicles.com/2023/05/12/rv-gcr-excerpts-from-earth-alliance-and-patriot-news-for-may-12-2023/
Read full post here: https://dinarchronicles.com/2023/05/18/restored-republic-via-a-gcr-update-as-of-may-18-2023/
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Courtesy of Dinar Guru
Frank26 When you see all the things they're doing you can't help but scratch your head, how? Your currency is worth nine tenths of a penny compared to the American dollar. How? ...These next few days when they open up the budget it's going to open up a new chapter.
Deepwoodz When Iraq initially changed the rate to 1310, it showed up for the first time internationally March 28. At least on the two boards I can see. From that point, it would be 1310 for a day or two then back to 1460 for two or three days and then repeat that cycle until May 2. May 2 it was 1460 and changed to 1311 on May 3. Wednesday May 3 to now…. it has flatlined at approximately 1310. I think this could be considered stable. Next step please!
Exchange rate- Convergence - Coordination - Finance Committee
MilitiaMan and Crew: 5-18-2023
The Risk of Banks Freezing Your Cash Is Rising 'Like Mercury' Warns Macro Guru
Stansberry Research: 5-17-2023
“That probability [of banks freezing your money] like mercury is rising because we experienced the Fed folly,” says Hugh Hendry, former global macro hedge-fund manager.
“The Fed hiking is the fastest with the greatest magnitude. They have never done this before,” he argues, explaining that rate hikes inherently destabilize the U.S. banking system as banks are no longer able to match the federal-funds rate.
However, Hendry argues that the Fed's recent 25-basis-point increase shows the central bank has failed to learn from the ongoing banking crisis. “As banks are offering 5% CDs, their net interest margin now is heading to zero,” Hugh warns.