News, Rumors and Opinions Sunday Morning 5-28-2023
US Dollar Dumping has Started as BRICS Nations Join Forces
Saturday, 27 May 2023, 12:26 PM
US Dollar Dumping Has Started in Both Words and Actions As BRICS Nations Join Forces, Says Russia’s Top Diplomat
Russian foreign minister Sergey Lavrov says de-dollarization is already underway due to the US government’s rhetoric and policies.
Lavrov says countries within the BRICS alliance, or the economic coalition of Brazil, Russia, India, China and South Africa, are actively plotting a path forward without the US dollar, According to a new report from Tass.
Lavrov, a Russian official since before the collapse of the Soviet Union, says the next BRICS gathering in August will focus on how the alliance’s New Development Bank can defend itself from potential US hostility.
US Dollar Dumping has Started as BRICS Nations Join Forces
Saturday, 27 May 2023, 12:26 PM
US Dollar Dumping Has Started in Both Words and Actions As BRICS Nations Join Forces, Says Russia’s Top Diplomat
Russian foreign minister Sergey Lavrov says de-dollarization is already underway due to the US government’s rhetoric and policies.
Lavrov says countries within the BRICS alliance, or the economic coalition of Brazil, Russia, India, China and South Africa, are actively plotting a path forward without the US dollar, According to a new report from Tass.
Lavrov, a Russian official since before the collapse of the Soviet Union, says the next BRICS gathering in August will focus on how the alliance’s New Development Bank can defend itself from potential US hostility.
“De-dollarization has begun, both in practice and in conceptual speeches… Within BRICS, Brazil suggested that the upcoming summit in August should give careful consideration to the tasks of protecting financial transactions within this assembly, of protecting the New Development Bank from abuse of the dollar’s persistent role. And we are putting forward many other initiatives concerning this issue.”
Lavrov says Russia is adjusting to a campaign from the western world that’s focused on cutting Russia off from the global financial system.
According to the foreign minister, the US has purposely sewed instability in other countries around the world to get what it wants, with the US dollar being the at the crux of the strategy. However, Lavrov says the tactic is running on borrowed time.
“They are releasing lists enumerating the goods that should be banned for export to Russia. I’m not exaggerating now. There was a trio recently – an American, a Briton and a representative of the European Union – who had been touring Central Asian countries.
However, let me repeat, they [Western countries] know well how to play on the difficulties they themselves create for other countries. And they will probably have a certain result, a certain benefit in the short term, but in the long term, they, and first and foremost the Americans, are hewing down the bough on which they are sitting, … including the roles of the International Monetary Fund, the World Bank, and the role of the dollar in the world’s economy,”
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are saying to all businesses that still try to sell and use the dollar that it's a violation of the law and it's against Iraqi sovereignty. If they're caught, the first offense will be a fine. But then if they're caught again it will be fine in millions of dinars and they will serve jail time. FRANK: Their new national currency is sovereign in their country.
Militia Man [Budget delay] Article Quote: "the relationship between the federal government and the regional government (Baghdad and Kurdistan) will soon prompt the legislation of this law [budget]" All that's positive. Just because one guy comes out and throws gas on the fire doesn't mean that's going to burn long. At this stage of the game I believe it's not going to burn long. I think it's going to turn out to be...in the next couple days we're going to see these guys get together and hammer it out.
BREAKING: US Debt Ceiling Deal Reached | Endless Borrowing Continues!
SeanFoo: 5-28-2023
The United States has reached a debt ceiling deal in principle, but the details are shocking. While the US bond markets won't implode yet, government spending is still going to skyrocket. When we reach 2025, this will make any potential default even bigger with even greater inflation coming down the road. Here's what you must know!
Timestamps & Chapters:
0:00 Debt Ceiling Deal Reached
2:19 Good News For Treasuries But...
4:14 Banking Crisis Aftershock
6:45 Inflation Nightmare Coming
Nader " Good morning I can use my Iraqi debit card in America" 5-28-2023
Good morning I can use my Iraqi debit card in America
Nader: 5-28-2023
It’s nice I can use my current credit card or debit card in America or Canada or in Europe and you are the world that mean the exchange between the bank I’ll start.
It’s exciting today is the first time I’m going to use my Iraqi debit card
I’m gonna try cause I’m gonna lose couple of hours it’s OK just to try it I’m gonna see if it’s true or not and I’ll let you know this afternoon.
Have a great day.
Good morning I can use my Iraqi debit card in America
Nader: 5-28-2023
It’s nice I can use my current credit card or debit card in America or Canada or in Europe and you are the world that mean the exchange between the bank I’ll start.
It’s exciting today is the first time I’m going to use my Iraqi debit card
I’m gonna try cause I’m gonna lose couple of hours it’s OK just to try it I’m gonna see if it’s true or not and I’ll let you know this afternoon.
Have a great day.
"The Perfect Banking Storm is Here" Bix Weir
ALERT! FDIC Reports Banking Problems on 5/31/23 w/ Yellen X-Date on 6/1/23! GOT SILVER?!
(Bix Weir) 5-27-2023
Timing is everything. The FDIC Quarterly Banking Profile for Q1 2023 gets released on Wednesday which is sure to show an explosion in number & assets on their "Problem Bank List!"
The very next day is Janet Yellen's X-Date when the US Treasury may run out of money...hmm.
So does that mean that Yellen WILL NOT be able to bail out anymore "Uninsured Depositors?"
The PERFECT BANKING STORM is here!
ALERT! FDIC Reports Banking Problems on 5/31/23 w/ Yellen X-Date on 6/1/23! GOT SILVER?!
(Bix Weir) 5-27-2023
Timing is everything. The FDIC Quarterly Banking Profile for Q1 2023 gets released on Wednesday which is sure to show an explosion in number & assets on their "Problem Bank List!"
The very next day is Janet Yellen's X-Date when the US Treasury may run out of money...hmm.
So does that mean that Yellen WILL NOT be able to bail out anymore "Uninsured Depositors?"
The PERFECT BANKING STORM is here!
Europes Powerhouse is Collapsing, Threatning to Crash the Global Economy
Europe’s Powerhouse Is Collapsing, Threatening To Crash The Global Economy
Sean Foo: 5-27-2023
Europe's largest economy, Germany, is officially in recession. This disaster is self-inflicted by bad economic policies plus the lack of cheap energy.
However, this crisis threatens to spread to the rest of Europe which could take down the global economy if things get bad enough.
Germany is deindustrializing and here's why there's more pain to come, especially for the EU.
Europe’s Powerhouse Is Collapsing, Threatening To Crash The Global Economy
Sean Foo: 5-27-2023
Europe's largest economy, Germany, is officially in recession. This disaster is self-inflicted by bad economic policies plus the lack of cheap energy.
However, this crisis threatens to spread to the rest of Europe which could take down the global economy if things get bad enough.
Germany is deindustrializing and here's why there's more pain to come, especially for the EU.
News, Rumors and Opinions Saturday Afternoon 5-27-2023
KTFA:
Clare: An Iraqi parliamentary delegation visits the Iraqi embassy in Washington
The Iraqi parliamentary delegation, headed by Representative Hussein Arab and with the membership of a number of members of the House of Representatives, visited the headquarters of the Iraqi embassy in Washington, on 5/26/2023, where the delegation was received by the Chargé d’affaires at the embassy, Dr. Silwan Sinjari.
During the meeting, they discussed the importance of the embassy's work in developing relations between Iraq and the United States of America, and the role of the House of Representatives in promoting diplomatic work paths and developing Iraq's foreign relations. The conditions of the Iraqi community in Washington were also discussed, as the parliamentary delegation affirmed its keenness to pay attention to the conditions of expatriate Iraqis, and to learn on their affairs and problems and follow them continuously.
Parliament,Media Department, 27/5/2023 LINK
KTFA:
Clare: An Iraqi parliamentary delegation visits the Iraqi embassy in Washington
The Iraqi parliamentary delegation, headed by Representative Hussein Arab and with the membership of a number of members of the House of Representatives, visited the headquarters of the Iraqi embassy in Washington, on 5/26/2023, where the delegation was received by the Chargé d’affaires at the embassy, Dr. Silwan Sinjari.
During the meeting, they discussed the importance of the embassy's work in developing relations between Iraq and the United States of America, and the role of the House of Representatives in promoting diplomatic work paths and developing Iraq's foreign relations. The conditions of the Iraqi community in Washington were also discussed, as the parliamentary delegation affirmed its keenness to pay attention to the conditions of expatriate Iraqis, and to learn on their affairs and problems and follow them continuously.
Parliament,Media Department, 27/5/2023 LINK
Clare: Handal: We seek to expand banking and financial relations with the international and regional environment
5/27/2023
The head of the Iraqi Private Banks Association, Wadih al-Handal, confirmed that the association seeks to expand banking and financial relations between Iraq and its regional and international surroundings.
Al-Handal said in his speech during the annual banking conference, which was attended by "Al-Iqtisad News", that "digital transformation is an important matter at the level of all sectors in our dear country, Iraq, and linking digital transformation with electronic payment, which takes great resonance during this period, especially with government plans and the efforts of the Central Bank aimed at achieving this transformation and benefits." The major benefits that it brings to all aspects of the citizen's life and the economic and financial cycle, and the related need to develop human capabilities, expertise, systems, and the application of the highest standards of information security and infrastructure that can be expanded and modernized.
He added that the conference "is concerned with expanding banking and financial relations with the international and regional environment to form partnerships and alliances that open horizons for the flow of foreign investments to enter Iraq within controls that rely on transparency and flexibility in completing and accelerating work, and on the other hand we seek to review the obstacles facing domestic and foreign investment in the banking and financial sector." In terms of market risks, legislation and regulations,” stressing the importance of “the government approach in relation to reforming the banking system through restructuring and mechanization of government banks and stimulating, developing and enabling private banks to support investment and development.”
Al-Handal continued, "We believe that the basis of development and growth is the human factor, and for that we always strive to develop local skills and expertise in various specialties to include them in the labor market and provide decent job opportunities for young people that guarantee them a decent life and benefit the various business sectors. We will announce a pioneering project within the work of this conference." about this ".
Earlier in the day, the activities of the annual Iraqi banking conference were launched under the auspices of Prime Minister Muhammad Shia al-Sudani, the support of the Central Bank of Iraq, and the organization of the Iraqi Private Banks Association.
The annual banking conference organized by the Association of Iraqi Private Banks is held with the support of the Central Bank and in the presence of a large number of banking leaders in Iraq in addition to the governors of Arab and foreign central banks and international financial institutions. LINK
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Courtesy of Dinar Guru
Deepwoodz Community Question "...The 25,000 IQD tax in the budget for Iraqi citizens to pay if they use the airport and fly. That tax tells me that the parliament must have no clue about the coming rate change. This worries me greatly...If the rate was going to change then 25,000 IQD will equal $25,000 USD with an initial 1 to 1 R.I. This is ludicrous." One theory is this, notice that 99.9% of the time when you see a tax, a bill, a debt, or a cost, it always ends with 000... [Post 1 of 2....stay tuned]
Deepwoodz So when they finish what they call the project to drop the zeroes it’s just that simple. Drop the zeroes from the worthless value. So the 25,000 tax is only a roundabout $25 tax to fly...They are adding taxes to a lot of things and let’s hope this is because they expect to make lots of money…”non-oil revenues” in the near future. Let’s hope it’s because they expect people to have money via higher wages, more money via the HCL, and more purchasing power via the new national currency. [Post 2 of 2]
Saturday MarkZ Chat:
Markz will be on rumble and Twitch on SATURDAYS ONLY so he can speak his mind. you will find him on YouTube during the week.
STARTING THIS SATURDAY GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Saturday Show: https://www.twitch.tv/theoriginalmarkz
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America in Ruins: We’re Entering Our Worst Ever Economic and Social Times Says Peter Grandich
Stansberry Research: 5-27-2023
“We’re going to face a far worse crisis than what we’re going through this moment,” says Peter Grandich, founder of Peter Grandich & Company, highlighting the massive national debt and incurring interest folks have to pay.
“We have half our total revenue going just to pay the interest on our debt which is unsustainable,” he warns. Peter believes the economic turmoil we're experiencing has made the U.S. dollar vulnerable as countries around the world continue to shift away from the currency.
"Many people in the world now are starting to dissociate themselves from the United States. That’s what there’s a movement to join the BRICS.
The end is in sight now,” he warns.
He concludes by highlighting the potential of a huge rally in the stock market if the central bank resolves its massive debt issue and shifts away from its aggressive rate-hike policy.
"Tidbits From TNT" Saturday 5-27-2023
TNT:
CandyKisses: Parliamentary Finance confirms the readiness of the budget and its handover today to the Presidency of Parliament for the purpose of voting on it
The Parliamentary Finance Committee announced today, Saturday, that the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it, after completing some transfers in the financial aspects and amending the schedules.
Committee member Moeen Al-Kazimi said in a press statement followed by NRT Arabia, that "the region's share in the budget was voted on in Articles 13 and 14 after an amendment was made to the budget version sent by the government, despite the objection of the Kurdistan Democratic Party bloc.
Noting that "as the committee has completed all the articles of the 67th budget, and today, Saturday, some transfers are completed with the financial aspects and the schedules are amended, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it."
TNT:
CandyKisses: Parliamentary Finance confirms the readiness of the budget and its handover today to the Presidency of Parliament for the purpose of voting on it
The Parliamentary Finance Committee announced today, Saturday, that the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it, after completing some transfers in the financial aspects and amending the schedules.
Committee member Moeen Al-Kazimi said in a press statement followed by NRT Arabia, that "the region's share in the budget was voted on in Articles 13 and 14 after an amendment was made to the budget version sent by the government, despite the objection of the Kurdistan Democratic Party bloc.
Noting that "as the committee has completed all the articles of the 67th budget, and today, Saturday, some transfers are completed with the financial aspects and the schedules are amended, and the budget will be ready to be handed over to the Presidency of Parliament for the purpose of voting on it."
Al-Kazimi added that "there is no adjustment to the region's share in the budget, and it remained as it came from the government 12.67%), pointing out that "the amendment was added to the scenario of distributing oil exports from the region, which is that Iraq has an export share of 3 and a half million barrels per day of oil, so the region's share is 400 thousand barrels and the rest of the provinces export 3 million and 100 thousand barrels."
He explained, "The signing of oil contracts with companies is carried out by the Iraqi Ministry of Oil and not the territorial government, and this is what has been confirmed by the Federal Court and the Arbitration Committee in Paris," continuing that "oil revenues from the four companies operating in the region will be deposited into the Central Bank account in the name of the Ministry of Finance, and the Federal Prime Minister will authorize the Prime Minister of the region to disburse, and the region's share will be transferred to the bank account provided by the regional government."
Al-Kazimi indicated that "a paragraph has been added, which is that the region has no right to export oil from Nineveh wells or Kirkuk and other materials that control accounts with the region, and there are provisions for non-oil revenues and their delivery to the federal government," adding that "there is another article related to the amounts that the territorial government was deducted from the salaries of its employees as compulsory savings, so the law included an article that forces the territorial government to pay this saving and return it to employees and its percentage of 10% of the salary monthly, until the employees of the region complete their entitlements from the compulsory savings exercised on them during the previous period."
In addition, committee member Jamal Cougar noted that "the budget can be handed over to the presidency of parliament tomorrow, Sunday, because there are paragraphs that have not yet been completed, which are transfers, schedules, the issue of some additional paragraphs and the overall vote on the budget within the committee."
On Friday, the Parliamentary Finance Committee announced the completion of voting on the most important dilemma in the federal budget, which is the share of the region despite the objection of the Kurdistan Democratic Party, and only a few simple paragraphs in the tables and transfers remain for the committee, which need about 24 hours.
The Finance Committee is likely to hand over the draft budget to the Presidency of the House of Representatives tomorrow, Sunday, to be included on the agenda.
https://www.nrttv.com/ar/detail3/12188
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Tishwash: Mazhar Salih: Restoring confidence in the Iraqi dinar is a national necessity
Experts and consultants in financial and economic affairs saw that the governmental procedures and the steps of the Central Bank of Iraq regarding limiting the obligation of ministries and state institutions to pay wages for goods and services in Iraqi dinars and urging merchants and companies to do so, are likely steps to restore confidence in the country's national currency, indicating that the market's linkage to two currencies, one of which is foreign, undermines The state of stability and generates turmoil in the market.
And the Advisor to the Prime Minister for Financial Affairs, Dr. Mazhar Muhammad Salih, stated in an interview with “Al-Sabah” that “pricing in the currency of another (foreign) country subjects the general level of prices to market disturbances and speculators, and thus deprives the monetary authority from exercising the power of stability according to Central Bank Law No. 56 of 2004.
He pointed out, "The government took the decision to deal in the Iraqi dinar with what was announced by the monetary authority insisting that it be the unit of payment, value, and the unit of legal dealing in internal transactions, and no other currency is considered in Iraq except in the Iraqi dinar, while foreign currency is for the purpose of external transactions only."
Salih noted that "dealing in foreign currency depends on monetary policy and the general level of prices depends on market speculation. On this basis, the supremacy of the national currency and its defense through monetary policy is the only right platform for monetary stability and keeping monetary income away from the forces of conflict."
He explained that "the existence of two currencies in one economy is dangerous, and it means that monetary policy is given with all its components and influence in the national economy through a currency other than the country's currency, so the decision came to not consider any monetary unit except in the Iraqi dinar in order to impose monetary stability in transactions, contracts, payment and receipt, and distancing."
The introduction of any hybrid currency in economic transactions, which is the legal monetary unit adopted in linking price stability and the stability of the value of the national currency without being disturbed by foreign currencies entering the economy.
In addition, the expert on economic affairs, Nabil Jabbar Al-Ali, said in an interview with "Al-Sabah": "Because of the shake-up of confidence that the Iraqi dinar has gone through among traders since the end of the year 2020 until this moment, the central bank administration and the government are restoring the reputation of the Iraqi dinar." ".
He added, "The sudden change in the exchange rate in December 2020 and the broad government promises at the time of several benefits regarding that decision and the failure to implement any of them, affected many commercial transactions and raised inflation by a high rate and the inflation of the exported cash until it became difficult to control the stability of the currency, which prompted many to The belief that the dinar has become an unreliable currency because of these fluctuations in government policies.
He pointed out that "the Central Bank administration is trying today to work to re-strengthen the status of the Iraqi dinar and its stability in front of currencies in order to stabilize the markets and end the state of turmoil, as well as reduce inflation rates and reduce their damage to the incomes of Iraqis." link
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Tishwash: International agency: The dollar is losing its hegemony over time, and everyone is uniting against it..Is its collapse approaching?
Rivalry with China, fallout from Russia's war in Ukraine and debate in Washington over the US debt ceiling have led to a rethinking of the dollar's place as the world's dominant currency.
The use of the dollar as a weapon to punish Russia has also fueled speculation that countries will diversify their portfolios away from the dollar.
Here are some arguments for why de-dollarization has occurred - or perhaps why it has not.
The share of the dollar is declining
The dollar's share of official foreign exchange reserves fell to a 20-year low of 58% in the last quarter of 2022, according to IMF data.
What happened in 2022 was a very sharp decline in the share of the dollar in real terms,” said Stephen Jane, CEO of Eurizon SLJ Capital Limited, adding that this was a reaction to the freezing of half of gold and currency reserves. Russia's foreign exchange of $640 billion in the wake of its invasion of Ukraine in 2022. This made countries like Saudi Arabia, China, India and Turkey tend to diversify their reserves into other currencies.
The dollar's share of central banks' foreign reserves in the fourth quarter of 2022 reached its lowest level in two decades, but the move was gradual and is now at about the same level as in 1995.
However, central banks hold dollars in case they need to support exchange rates during economic crises. If their local currencies weaken too much against the dollar, oil and other commodities traded in US currency become very expensive, increasing the cost of living and fueling inflation.
The dollar held sway over commodity trade, allowing Washington to block market access for producing countries from Russia to Venezuela and Iran.
But the situation has changed now. Where India buys Russian oil in UAE dirhams and rubles. Meanwhile, China turned to the yuan to buy $88 billion worth of Russian oil, coal and minerals. CNPC and France's Total (EPA:TTEF) completed their first yuan-denominated LNG trade in March.
De-dollarization... is a complicated matter
De-dollarization would require a vast and complex network of exporters, importers, currency dealers, debt issuers and lenders to independently decide on the use of other currencies. But this is not likely in the near future.
The Bank for International Settlements said that about half of countries' total foreign debts are in dollars, and half of world trade is settled in dollars.
"There is no mechanism to get banks, companies and governments to simultaneously change their behavior away from the dollar," said Barry Eichengreen, a professor of economics and political science at Berkeley.
The dollar.. an unshakable foundation
Since large bank deposits are not always insured, companies use government bonds as an alternative to cash. Thus, the dollar's position is supported by the $23 trillion US treasury market - seen as a safe haven for money.
“The depth, liquidity, and integrity of the treasury market is a big reason the dollar is the leading reserve currency,” said Brad Setser, a fellow at the Council on Foreign Relations who tracks cross-border currency flows.
International holdings of Treasuries are vast and there is no reliable alternative yet. The bond market in Germany, for example, is relatively small, at just over $2 trillion.
Commodity producers may agree to trade with China in yuan, but recycling cash into Chinese government bonds remains difficult due to account opening difficulties and regulatory uncertainty.
continued dominance
Moody's said that the increasing geopolitical tensions and brinkmanship pursued by the United States have fueled speculation about ending the dominance of the dollar, but there are no current viable alternatives.
Moody's said in a note that despite the continuous decline in the dollar's share of central bank reserves, the dominance of the US dollar over the international trade and finance systems will continue for decades despite new challenges, even if a multipolar currency system emerges.
Analysts of the rating agency said that the greatest risk to the dollar's position comes from the risks arising from the mistakes of US policy itself, such as the US default on its debts, for example, expecting that the dollar's share of reserves will continue to decline further. link
Mot: .... Ahah - Leave it to the Bus Driver!!! ~~~~
Mot: . Yeppers--- Ur Lesson frum Mot fer Today!! ~~~
Judy, MilitiaMan and more.....Saturday AM 5-27-2023
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 Sat. 27 May 2023
Compiled Sat. 27 May 12:01 am EST by Judy Byington
Global Currency Revaluation:
Judy Note: Thurs. 1 June would be a significant date. On Thurs. 1 June the US would default on it’s debts, thereby missing loan repayments that were bound to send world markets into a tailspin. Also by Thurs. 1 June all 209 countries will be connected to the new Quantum Financial System. Dr. Charlie Ward indicated on his show that Tier4b notification would come after the EBS – which was expected at any moment.
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 Sat. 27 May 2023
Compiled Sat. 27 May 12:01 am EST by Judy Byington
Global Currency Revaluation:
Judy Note: Thurs. 1 June would be a significant date. On Thurs. 1 June the US would default on it’s debts, thereby missing loan repayments that were bound to send world markets into a tailspin. Also by Thurs. 1 June all 209 countries will be connected to the new Quantum Financial System. Dr. Charlie Ward indicated on his show that Tier4b notification would come after the EBS – which was expected at any moment.
Fri. 26 May MarkZ: The US bank is down Sun. 28th and Mon. 29th for a major change. Limited banking, no ATM online purchases and no transfers. A number of banks are doing this, like Chase bank and others. A number of banks have already sent out notices that “cash withdrawals, Zelle payments ect will be restricted over the coming weekend for about a 3 day period. I received an email from US Bank this morning saying there will be Limited Digital banking services May 28th. Paypal, zelle and venmo will be limited! I was told they are trying to have us start our appointments around the 30th and 31st. I am hearing we will see a lot happening over the weekend-including Iraq’s budget. They expect to pass it –rubber stamp it this Saturday allowing them to move forward with rate changes.
Thurs. 25 May Bruce: Some Bond Holders have received their packages by Federal Express and the rest will receive them over the next few days.
Jared Rand: “The Federal Reserve (Not part of our government) fiat dollar is going to fail soon. The reason is 80% of what is traded between countries is another currency. It is not the “so called” reserve fiat currency. The BRICK countries were formed to debase the dollar, and it is working. Over 120 countries are trading or buying in their own currency for oil and other goods. The Illuminati telling the world that they have to trade in dollars for oil is not working anymore. Most of these countries are gold or precious metals back with their own currency.”
Federal Reserve Experiment is coming to an end: https://eraoflight.com/2023/05/25/is-the-federal-reserve-large-scale-human-behavioral-experiment-since-2008-coming-to-an-end/#more-337460
The Colossal Collapse of SVB Banks in California, with losses totaling a staggering $10 Trillion, sets off a domino effect, reverberating throughout multiple countries. The looming collapse holds a critical connection to a dismantling of NATO and UN powers that perpetuate human trafficking, engineer world wars and exert control over global banks and the depleted US Treasury System.
China Pushes de-dollarization as Yaun Tops USD: https://dinarchronicles.com/2023/05/26/lena-petrova-china-pushes-dedollarization-as-the-yuan-tops-usd-central-banks-buy-more-yuan-and-gold/
Levine This is Preposterous: Levin: This is preposterous – YouTube
Timeline
Thurs. 16 June was the Back Wall for GESARA to be announced and implemented, with full collapse of IRS and all tax orgs.
Sun. 18 June was a Back Wall for EBS Disclosure implementation.
Read full post here: https://dinarchronicles.com/2023/05/27/restored-republic-via-a-gcr-update-as-of-may-27-2023/
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Courtesy of Dinar Guru
Frank26 Don't you agree that the budget is going to make things a lot more transparent with the monetary reform? The economic reform is already extremely visible. Everybody can see it. Look at all the countries that are pouring in...they never did before. Kind of unusual, huh? Yeah, but if you were in their shoes and you had the ability to come into Iraq and invest you would too. Why didn't you [investors pour in] last year? Because you didn't see the evidence as you see it now. It's loud. It's clear.
RayRen98 ...EVERYONE KNOWS THAT RAY DOESN'T MAKE ANY PROMISES WHEN IT COMES TO THE RV! BUT... THIS "MAY" BECOME YOUR MOST MEMORABLE MEMORIAL DAY WEEKEND OF YOUR LIFE! TIME WILL TELL.
Yellen can cause ‘breakage’, ‘liquidity crisis’ even if debt ceiling resolved - Lyn Alden (Pt 1/2)
Kitco News: 5-26-2023
Lyn Alden, Founder of Lyn Alden Strategy, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the debt ceiling , the Federal Reserve’s monetary tightening and how a miscalculation by the Treasury could cause ‘breakage’ and a liquidity crisis after the debt ceiling is resolved.
Alden also gives an outlook on gold, Bitcoin, and de-dollarization.
Yellen is Lying About Defaulting on June 1
Yellen is Lying about Defaulting on June 1
Heresy Financial: 5-26-2023
What if I were to tell you that no matter what, the United States will not be defaulting on its debt come June 1st?
What if I were to tell you that this meant Janet Yellen has been lying about Congress needing to raise the debt ceiling, or else we would default?
What if I were to tell you that no matter what, the United States will continue making payments on its debt regardless of whether the debt ceiling is raised or not?
And most importantly, what if and what if, most importantly, this outcome not raising the debt ceiling and continuing to make the debt payments is the best possible outcome for our nation.
Yellen is Lying about Defaulting on June 1
Heresy Financial: 5-26-2023
What if I were to tell you that no matter what, the United States will not be defaulting on its debt come June 1st?
What if I were to tell you that this meant Janet Yellen has been lying about Congress needing to raise the debt ceiling, or else we would default?
What if I were to tell you that no matter what, the United States will continue making payments on its debt regardless of whether the debt ceiling is raised or not?
And most importantly, what if and what if, most importantly, this outcome not raising the debt ceiling and continuing to make the debt payments is the best possible outcome for our nation.
Considering all the recent news about America defaulting on its debt and how everybody is focusing on the talks about raising the debt ceiling, you may be surprised to hear that none of that is true.
It is all just smoke and mirrors. And I am going to show you why.
Timecodes
0:00 Introduction
2:47 Misconceptions and Financial Reality
3:46 The Debt Ceiling and Borrowing
8:10 Spending Adjustments and Debt Reduction
10:22 Presidential Responsibility and Debt Payments
11:16 Economic Implications and Citizen Impact
Bruce’s Big Call Dinar Intel Thursday Night 5-25-23
Bruce’s Big Call Dinar Intel Thursday Night 5-25-23
Transcribed By WiserNow Emailed To Recaps
Welcome everybody has a Big Call tonight. It's Thursday, May 25. And you're listening to the Big Call. Thanks for tuning in, all over the globe wherever you are - And whether you're listening live or you're listening on a replay number, or a replay link, or whether you're being received all in your own language and it's being simultaneously translated into that language tonight, we welcome you for tuning in. We're glad to have you.
Let's start with our friendly people from Iraq. We heard from one of our sources in Iraq that did they put out the new rate yet? No. Did they open up the budget? Expose the budget? No. Who do you think's keeping them from doing that? We are. The new time frame is that the budget will be out in the printed version of the Gazette Saturday. The new rate for the Iraqi dinar will be put out Sunday.
Bruce’s Big Call Dinar Intel Thursday Night 5-25-23
Transcribed By WiserNow Emailed To Recaps
Welcome everybody has a Big Call tonight. It's Thursday, May 25. And you're listening to the Big Call. Thanks for tuning in, all over the globe wherever you are - And whether you're listening live or you're listening on a replay number, or a replay link, or whether you're being received all in your own language and it's being simultaneously translated into that language tonight, we welcome you for tuning in. We're glad to have you.
Let's start with our friendly people from Iraq. We heard from one of our sources in Iraq that did they put out the new rate yet? No. Did they open up the budget? Expose the budget? No. Who do you think's keeping them from doing that? We are. The new time frame is that the budget will be out in the printed version of the Gazette Saturday. The new rate for the Iraqi dinar will be put out Sunday.
If you're good at math, you can figure out the rate based on the budget if you were to look at it, but remember, this is the in country rate for the dinar we're talking about - the so called International rate. The rate that has been set for us is way different and much, much higher. Don't even don't even think about it – don’t even worry about it. Forget about it. All right. Dong rate very strong very high, also.
So it looks like they're finally going to be allowed to bring out the brand rate and do that on Sunday - remember Sunday is Iraq's first business day. So that follows - that makes sense .
What else is happening internationally - now we had four new countries that came in to join the BRICS nations and to be gold back to be part of that including Libya, Lebanon, Pakistan, and Syria.
Those four countries just joined yesterday - Nations, those four - so there's more and more countries that are aligning themselves with the BRICs now. - And I know Pakistan has an already for the good rate on whatever their currency is and I can't remember, or I've never known how about that. I may have known it –
So it is an excellent rate - They're making changes everywhere around the globe. We're supposed to be completely totally connected to the quantum financial system, by all countries, by the first, if not before the first of June – I’m sure a lot of those are going to be connecting now over the weekend - and so on let's see - what else is happening.
We’re getting word we have had seven impeachments in the Biden administration that took place and were voted through with a pretty strong majority by Congress by the House of Representatives. That's where it takes place. And that's a very positive thing and I'm sure we're going to see that political change we've talked about over the weekend - At least we believe that is going to occur. President Trump is going to put a tweet out tomorrow on Twitter - something to the effect of my fellow Americans – the storm is upon us and we are awaiting the new republic is before us - something to that effect. God bless you.
Something to that effect is going to be coming out so watch for it wherever that Twitter feed might go - and watch for it to pick up and what is said about it. That's a positive sign we're looking for that to occur - And that is a blue checked tweet that's coming out meaning it is authentic and approved. That's good.
So what else is happening? Bond holders were to receive their credit / debit cards by today and for several more days in a row. So probably that was Thursday - Friday, Saturday, Sunday, maybe Monday, however long it takes to get those credit debit cards with instructions out to the bond sellers - that's happening and that's a good thing.
We are in a position to receive our toll free number or so called 800 Number anytime after the markets closed today, but we are on for something to occur for us for tier 4B obviously tier 4A is included in this because remember Wells Fargo sees tier 4A and 4B just as tier 4 - so that we're looking for something to occur for us any time after markets closed today. And the word that we're getting is that it should be over the weekend.
Very very high up Wells Fargo sources also saying that this is coming together for us. Let's put it that way this weekend.
That's a good that's another good sort of confirmation. Remember Monday is May 29. That's Memorial Day. The banks are closed on Monday. Obviously, that could come into play for us.
But remember, redemption centers do not necessarily they don't have to be closed – it’s hard to say what the time is going to be on this except that we're looking at least to get something positive in the way of those notifications over the weekend.
And with Monday being a holiday you got two more days in the month, Tuesday the 30th and Wednesday 31st of May. It's very possible that we can do something that was triggered this for us before or at that time.
It's gonna be interesting. We could get something triggered by the Emergency Alert System after the result of whatever political change is going to take place. So beware of that.
Say it's hard to say what form of disclosure would come out. Because there's so much to bring out it's hard to say when they would start that - when that would actually occur - but we know that they have wanted a diversion for us and they have created a diversion for us for our exchanges - we're not quite sure what that is. We don't know – we have some ideas, but I don't want to really hypothecate on that I'd rather wait and see what happens.
But I believe everything that is finally coming through for us is about to manifest and that's a very good thing. We should be there before the end of the month, and very possibly we see something in the way of our notifications over this Memorial Day weekend. We'll see how that flies – we’ll see what happens with that – and I think with that we’ll pray the call out -
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More News, Rumors and Opinions Friday Afternoon 5-26-2023
KTFA:
Clare: Member of Parliamentary Finance: We have overcome 5 complications for the 2023 budget.. Tomorrow is the day of judgment
5/26/2023
Member of the Parliamentary Finance Committee, Representative Mudhar Al-Karawi, confirmed, on Friday, that 5 of the most important complexities of the 2023 budget have been exceeded. Al-Karawi said in an interview with Al-Maalouma, “The 2023 budget is almost complete in terms of items and appendices, and there is a series of evening sessions to resolve some The issues, but in general, the budget witnessed many changes in important files.
He added, "5 of the most important complexities of the 2023 budget have been overcome, most notably the financial deficit and securing the entitlements of important segments in terms of stabilization, in addition to the entitlements of the provinces within the development of the regions."
KTFA:
Clare: Member of Parliamentary Finance: We have overcome 5 complications for the 2023 budget.. Tomorrow is the day of judgment
5/26/2023
Member of the Parliamentary Finance Committee, Representative Mudhar Al-Karawi, confirmed, on Friday, that 5 of the most important complexities of the 2023 budget have been exceeded. Al-Karawi said in an interview with Al-Maalouma, “The 2023 budget is almost complete in terms of items and appendices, and there is a series of evening sessions to resolve some The issues, but in general, the budget witnessed many changes in important files.
He added, "5 of the most important complexities of the 2023 budget have been overcome, most notably the financial deficit and securing the entitlements of important segments in terms of stabilization, in addition to the entitlements of the provinces within the development of the regions."
He pointed out that "the 2023 budget will be ready for presentation before the House of Representatives tomorrow, Saturday, in any case, stressing its importance in ensuring the financial benefits of all ministries, state institutions and their employees."
The Parliamentary Finance Committee has been discussing the budget for weeks, in order to make changes that would prompt it to be presented to the parliament before the vote. LINK
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DeepWoodz: Imo An interesting recap…
”On March 13, the Iraqi Cabinet approved the largest financial budget in the country's history, exceeding 197 trillion and 828 billion Iraqi dinars (approximately 152.2 billion dollars), with a total deficit of 63 trillion Iraqi dinars.”
Now I know this doesn’t mean anything at all, but it is very interesting. Especially since there are several articles saying the deficit isn’t real.
198/63 = 3.14
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Clare: Urgent... An "unprecedented" attack on the Iraqi embassy in Switzerland, and the Foreign Ministry calls for an investigation
5/26/2023
The Ministry of Foreign Affairs announced an "unprecedented attack" on the Iraqi embassy in Switzerland.
In a statement, a copy of which was received by {Euphrates News}, the Ministry of Foreign Affairs expressed its condemnation and denunciation of the unprecedented attack, which was subjected to the building of the Embassy of the Republic of Iraq in Bern by unknown persons who managed to storm the building in a hostile manner, which caused terror among the embassy staff and the citizens who were present. Inside the building for the purposes of following up on their consular affairs.
The statement added, "We renew our condemnation of this act and all forms of violence and vandalism affecting diplomatic missions, especially those targeting their security and sanctity, and we call on the friendly Swiss side to take the necessary investigative measures to reveal the identity of the perpetrators and clarify the circumstances of this act."
The Ministry of Foreign Affairs stressed "the need to respect the rules of international law and adhere to relevant international agreements, especially the Vienna Convention to Regulate Diplomatic Relations."
She thanked the "Swiss authorities for their immediate intervention and haste in containing the situation and restoring security and stability in the Iraqi mission and its surroundings." LINK
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Courtesy of Dinar Guru
Frank26 The new exchange rate is very close based on all the things they are introducing to you on a daily basis through the monetary reform education. But because the monetary reform education is not complete, the budget may not have the new exchange rate just yet. Look at the line items. The line items will tell you it requires a new rate. Now you believe once you see the budget you will see the news exchange rate. I agree, but do not look for it in the budget.
Breitling All I'm trying to do is eliminate the conspiracy theories and hype out of a legitimate opportunity. Nobody knows what's going to happen. I have an idea based on policy. My evidence is policy. They said they want to revalue it at a $1.17 then they want to get it to $3.75. I have proof. The doubters don't. The only thing they can say is, 'It hasn't revalued yet.' So what. What the hell does that have to do with the price of tea in china? It's all speculative.
INFLATION RISING, DEFICIT SKYROCKETS. STOCK MARKET COMPLETELY DETACHED FROM REALITY...
Greg Mannarino: 5-26-2023
ALERT! Your Bank Won’t Survive The Coming Chaos! Get Your Money Out & Buy Silver NOW!
(Bix Weir) 5-26-2023
Next week the FDIC releases it's Quarterly Bank Report for the first quarter of 2023. This is sure to expose the MASSIVE ASSET IMPAIRMENT that is currently sitting on the books of ALL the Regional Banks insured by the FDIC.
Remember what happened in the First Quarter 2023 with the collapse of Silicon Valley Bank & Signature Bank?
They had to sell massive amounts of their Tier 1 assets making the Fair Market Value of those assets collapse.
Those assets were the same Tier 1 Capital used by THOUSANDS of other banks! BUCKLE UP FOR CHAOS NEXT WEEK!!
The Truth Behind Years of Secret Deals To Weaken Bank Regulations
The Truth Behind Years of Secret Deals to Weaken Bank Regulations!
Lynette Zang: 5-25-2023
There are two sets of rules. One for them. One for us. And as George Carlin used to say, it's a big club, and you ain't in it.
But if you have enough money and I guess you can pretty much buy anything that you want and then everybody else will just have to deal with the consequences, don't we?
So we've now had five key banks fail.Who is'going to be the next one.
The Truth Behind Years of Secret Deals to Weaken Bank Regulations!
Lynette Zang: 5-25-2023
There are two sets of rules. One for them. One for us. And as George Carlin used to say, it's a big club, and you ain't in it.
But if you have enough money and I guess you can pretty much buy anything that you want and then everybody else will just have to deal with the consequences, don't we?
So we've now had five key banks fail.Who is'going to be the next one.