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News, Rumors and Opinions Sunday 6-25-2023

Congress Criticizes Fed as Powell Worries about Gold Currencies

Sunday, 25 June 2023, 7:

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Hawkish posturing from Jerome Powell is putting downward pressure on precious metals markets.

The Federal Reserve chairman testified before Congress this week on the subject of U.S. monetary policy. Powell said persistently high inflation remains a top concern. Even though official gauges show price level increases moderating, they are still running well above the Fed’s 2% target.

Powell suggested additional rate hikes will be coming later this year. Futures traders reacted by selling gold and silver contracts.

On Thursday, the gold market dipped to a 3-month low. The monetary metal is trading lower by 2.0% for the week to bring spot prices to $1,930 an ounce as of this Friday recording.

Congress Criticizes Fed as Powell Worries about Gold Currencies

Sunday, 25 June 2023, 7:

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

Hawkish posturing from Jerome Powell is putting downward pressure on precious metals markets.

The Federal Reserve chairman testified before Congress this week on the subject of U.S. monetary policy. Powell said persistently high inflation remains a top concern. Even though official gauges show price level increases moderating, they are still running well above the Fed’s 2% target.

Powell suggested additional rate hikes will be coming later this year. Futures traders reacted by selling gold and silver contracts.

On Thursday, the gold market dipped to a 3-month low. The monetary metal is trading lower by 2.0% for the week to bring spot prices to $1,930 an ounce as of this Friday recording.

Silver is shedding 7.8% this week to trade at $22.51 per ounce. Platinum is off 6.7% to come in at $937. And finally, palladium is taking an 8.8% beating on the week to trade at $1,330 per ounce.

If the bearish narrative on precious metals markets is to be believed, then the Fed will be successful in conquering inflation, the U.S. dollar will strengthen, and investors will have no need to diversify into hard money.

The reality, though, is that Fed doesn’t actually want to solve the inflation problem in any meaningful sense. It wants the Federal Reserve note to keep depreciating, just at a more gradual pace.

Central bankers claim that they are concerned about promoting price stability for the American people. But what they really fear is that if they don’t bring inflation down, de-dollarization will accelerate across the globe and ultimately cause the U.S. currency to lose its world reserve status.

During his testimony this week, Chairman Powell was asked by Congressman Ritchie Torres about the threat of de-dollarization.

Rep. Torres: As you know, the U.S. has foreign adversaries, particularly the CCP, that seem intent on de-dollarization. How seriously should the threat of de-dollarization be taken, in your view?

Jerome Powell: The status of the dollar as the world’s reserve currency, is a very important thing to us. I think the reason we have that status is largely due to our great democratic institutions, the rule of law, and the fact that we have, generally speaking, had strong levels of price stability, and I think that the dollar will remain the reserve currency, as long as those things are in place.

Powell’s claim that we have generally had price stability rests on a strange definition of price stability. Since the U.S. abandoned gold backing entirely in 1971, we’ve gone through a series of disruptive inflationary boom and bust cycles – from the stagflation of the late 1970s to the more recent asset bubbles in stocks and real estate.

And since the Federal Reserve was created in 1913, the overall purchasing power of the Federal Reserve note has plummeted by 98%. During this period of supposed price stability, gold has shot up from two digits to four digits.

If more of this sort of price stability manifests itself in the years ahead, then investors should expect gold to eventually command a five-digit price tag.

Gold is the ultimate measure of a currency’s real value. Gold itself isn’t 20 times more valuable than it was 50 years ago. Its price in terms of dollars is 20 times higher because those dollars have lost so much buying power.

But according to Jay Powell, central banks are the ultimate source of credibility for a currency. In his remarks before Congress, he suggested that private digital currencies lack credibility because they aren’t centrally controlled.

He touted so-called “stablecoins” that are linked to the U.S. dollar as being legitimate money.

Jerome Powell: We do see payment stablecoins as a form of money. And in all advanced economies, the ultimate source of credibility in money is the Central Bank, and we believe that it would be appropriate to have quite a robust federal role in what happens in stablecoins going forward. And that leaving us with a weak role and allowing a lot of private money creation at the state level would be a mistake.

It seems pretty obvious that Powell is trying to inch the public toward accepting a central bank digital currency. Recent regulatory attacks on major cryptocurrency exchanges also seem to be accelerating the political push for the Fed to step in and issue its own stablecoin.

Advocates of central bank digital currency may promote it as being stable, but anyone who decides to hold digital dollars should expect their value to go in the same direction as paper dollars have gone over the years – and this is down.

Source: FX Street

Read full post here:   https://dinarchronicles.com/2023/06/25/congress-criticizes-fed-as-powell-worries-about-gold-currencies/

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

Courtesy of Dinar Guru

Mnt Goat ...We got news of an imminent accession of Iraq to the WTO this week. WOW!!! and other economic plans. This NOT business as usual as over these last couple decades. We are really here!  Folks we are heading for the long-awaited reinstatement of the Iraqi dinar to FOREX not as a placeholder, but open for business in global trading.  Just be patient, it is coming.

Frank26 To be a member of the WTO the currency of that country cannot have any restrictions whatsoever.  What is a program rate?  Is a program rate an International rate?  A program rate is a sanctioned rate...a program rate is a restriction...restriction are not part of an international rate...something is happening.

Iraq News Why the IMF is Upset Over Iraq's Budget

Edu Matrix:  6-25-2023

https://www.youtube.com/watch?v=gSHGTBia6aA

MARKETS A LOOK AHEAD: People Are FREELY Marching Themselves Into The SLAUGHTER.

Greg Mannarino:  6-25-2023

https://www.youtube.com/watch?v=S0UeiOGJ-UY

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"Tidbits From TNT" Sunday Morning 6-25-2023

TNT:

Tishwash:  Al-Adl: Tomorrow the budget law will be published in the Iraqi Gazette

On Sunday, the Ministry of Justice announced the publication of the budget law in the Iraqi Gazette tomorrow.  

Ministry spokesman Kamel Amin said in a statement to the official agency, followed by "NAS" (June 25, 2023), that "the budget from 2023 to 2025 will be published tomorrow in the Iraqi Al-Waqa'i newspaper."  

He added, "The budget will enter into force as of January 1, 2023."   link

TNT:

Tishwash:  Al-Adl: Tomorrow the budget law will be published in the Iraqi Gazette

On Sunday, the Ministry of Justice announced the publication of the budget law in the Iraqi Gazette tomorrow.  

Ministry spokesman Kamel Amin said in a statement to the official agency, followed by "NAS" (June 25, 2023), that "the budget from 2023 to 2025 will be published tomorrow in the Iraqi Al-Waqa'i newspaper."  

He added, "The budget will enter into force as of January 1, 2023."   link

CandyKisses:  Completion of the designs of 15 residential cities in Baghdad and the provinces

Economy News _ Baghdad

In a step that is the first of its kind in decades, the Iraqi government has offered investment opportunities for five new residential cities, which is the first step towards solving the problem of the housing crisis and the high real estate prices witnessed by Baghdad and the provinces, while seeking, within its ministerial curriculum, to establish and distribute a number of cities in Baghdad and the provinces, within specifications that take into account the provision of full services and ensure urban sustainability.

The Ministry of Construction and Housing has begun providing 100,500 housing units and distributing <>,<> plots of land, while a standard has been set for differentiation between investors to ensure transparency.

Ministry spokesman Istabraq Sabah said in an interview with the newspaper "Al-Sabah" followed by "Economy News", that "in compliance with the government program, the Ministry of Reconstruction began to complete the basic designs for 15 residential cities distributed between Baghdad and the provinces," adding that "the basic designs have been completed, which will provide in the first phase 100 thousand housing units, and will distribute 500 thousand plots of land serviced by water, sewage, electricity and sidewalks."

"A number of municipalities have been established in Baghdad and the provinces, and the transfer of ownership of new cities whose designs have been completed under the unit ownership law has been completed, and five cities have been declared as a first stage investment opportunities and the necessary technical requirements have been prepared," he said.

He noted that "a standard has been developed for trade-off between investors to ensure transparency, and cities are integrated services, with the use of urban land and the achievement of sustainable water quality," stressing that "the middle, poor and vulnerable segments will be targeted to develop the housing sector and reduce the gap in prices."

For decades, cities have been expanding in all directions, with slow service delivery, leading to constant pressure on infrastructure.

For his part, the Dean of the Urban and Regional Planning Center, Karim Hassan Alwan, warned of the need to establish new cities after the increase in population, provided that the conditions for sustainability are met in the new cities.

"The establishment of new cities is a necessary project that the country needs after the significant increase in population," Alwan said, adding that "housing units must be sustainable and include new projects, especially if they are part of the state's policy of providing services and not just distributing land."

He added that "this project has been delayed for a long time, and we need almost two million housing units to solve the housing crisis," and called for "enabling citizens to obtain housing units at reasonable and economical prices

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

Tishwash:  Iraq is moving towards achieving economic and development goals

 Specialists in economic affairs have praised the economic moves undertaken by the government, especially at the international level, stressing the importance of the foreign and domestic visits of Prime Minister Mohamed Shia al-Sudani during the current June, which resulted in the signing of dozens of agreements with Egypt and Qatar.

Indicating that this can achieve many positive packages, including the establishment of joint development projects with neighboring countries and the region in conjunction with the implementation of the government program, as well as attracting dozens of investment companies to work in various fields, indicating at the same time the importance of these meetings in reflecting a positive image of the country, which That would attract capital and international companies.

This June witnessed economic movements that were welcomed by many economists, who described it as a "developmental transition". Between a foreign visit conducted by Prime Minister Muhammad Shia' al-Sudani to the Arab Republic of Egypt, during which he concluded 11 agreements, Baghdad received the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al Thani, where he sponsored During that visit, Al-Sudani issued decrees for signing agreements for comprehensive cooperation in the political, economic, energy and investment fields, as well as two agreements in the fields of maritime air transport, a memorandum of cooperation to establish a joint oil company and another for the establishment of a refinery.

In addition to the mutual government visits, Baghdad also witnessed during June a celebration on the occasion of the 63rd anniversary of the convening of the founding conference of OPEC, and witnessed a wide international official presence, while Dar al-Salam received, in the middle of this month, a delegation of the Iraqi-American Business Council, and the Prime Minister confirmed during The meeting The government took a series of decisions to simplify procedures for investors, and work to address existing problems in this field.

The international economic visits undertaken by Iraq, according to the economist and member of the Private Sector Development Council at the Ministry of Planning, Dr. Ali Hadi Joudeh, during his interview with Al-Sabah, are of great importance in drawing a positive picture of the steps that Iraq seeks to achieve in various aspects of development. In addition to the fact that it represents "a return and a positive impact on various economic levels, especially since Iraq is still a virgin land with its natural resources, human capabilities, and enormous financial and logistical capabilities. These visits can contribute to their real exploitation to transform the country into a regional and international economic power."

Hadi shows that the international openness to Iraq can be used to establish major projects in various fields, and perhaps the strategic development road project will be the first initiative that will lead to bringing in various initiatives and pumping hot money from abroad that works to open horizons for development and economic diversification in revenue and stimulate the production function. And give them a competitive advantage, especially if there are common policies between these countries and Iraq to create industrial cities and free trade zones, so the national industries will be open to foreign markets.

Despite the government's broad economic moves, however, expert Hadi believes that there is an urgent need for legislative requirements, urgent decisions, and soft laws that serve as stimulus packages to undermine bureaucracy and launch as quickly as possible to target these opportunities and employ them in developing the local business environment, considering the current laws as "an obstacle that represents implementation gap.

The researcher on the Iraqi and international economy, Dr. Ali Dadush, did not stray far from the previous opinion, when he indicated to "Al-Sabah" that Iraq "is seeking a leadership role in the region and moving forward in implementing joint development programs and projects with neighboring countries in conjunction with the implementation of the government program." within specified time plans.

Dadoush pointed out that "Iraq, through (agreements and memorandums of understanding), seeks to create a positive atmosphere with regional and international countries, which could lead to attracting media companies to work in Iraq," pointing out that "the Arab Gulf countries own a group of local companies or Foreign joint ventures with a high-quality technological level and for various fields (energy, water, transportation, infrastructure, superstructures, and other services), which can be attracted to work in Iraq through increasing international meetings, conferences, and agreements. duality".

Researcher Dadoush believes that the priority of these visits and economic conferences should be to develop the industrial sector 

(Manufacturing and petrochemical industries) because of their front and back entanglements with the rest of the other economic sectors, stressing at the same time the importance of the (real) private sector and local investors entering with government delegations and creating a mechanism for twinning with the private sector in neighboring countries, which is reflected in more ways It is good for the realities of the local economy.  link

Mot: .... What a Night!!! ~~~~~

Mot:  ... Believe You Me!! -- They Start YOUNG they Do!! ~~~~

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More News, Rumors and Opinions Saturday PM 6-24-2023

KTFA:

Clare:  *THANK YOU JEFF FOR THE ARTICLE

Vietnam considered rising star to become emerging market

 A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.

June 22, 2023

Hanoi (VNA) – A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.

Many years of consistently high GDP growth have been due to a highly attractive combination of political stability with sound pro-market execution from the government which has managed to slash poverty from 17% to less than 5% in a decade, the article wrote.

KTFA:

Clare:  *THANK YOU JEFF FOR THE ARTICLE

Vietnam considered rising star to become emerging market

 A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.

June 22, 2023

Hanoi (VNA) – A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.

Many years of consistently high GDP growth have been due to a highly attractive combination of political stability with sound pro-market execution from the government which has managed to slash poverty from 17% to less than 5% in a decade, the article wrote.

 “Perhaps the best-known growth driver for Vietnam is its step-change in foreign direct investment (FDI), benefiting from an increase in exports due to what is widely known as China Plus One,” it said.

The country continued to sign more than a dozen key trade agreements during the pandemic-triggered lockdown. These partnerships will make it easier for companies to do business in Vietnam, positioning itself ever more as a manufacturing expert with ease of access to broad, international markets and benefitting from 3,000 kilometres of coastline and the close connections to China.

According to the writing, Vietnam is now moving more towards manufacturing higher-value products, more in electronics rather than textiles.

One of Vietnam’s most critical FDI sources is Samsung Electronics. The technology giant employs tens of thousands of people in Vietnam and is the largest investor in the country, with 50% of its handsets being produced there.

There is frequent hope that Vietnam will be upgraded from its current, off-benchmark, frontier market status to emerging market status by MSCI. The Vietnam stock market overall now meets the size and liquidity requirements to be included, with a four-fold surge in retail participation during the past 2 - 3 years, driven by digital account technology, the article added./.   LINK

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Clare:  The government reveals a center that will be a place for the activities of selling and trading securities in Iraq

6/23/2022  - Baghdad

Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the most important tasks of the Finance and Business Center in Iraq, while confirming that it will be a place for the activities of selling and trading governmental and private securities, similar to what exists in the world.

Saleh said, in a statement to the official (fourth) agency, that "the importance of establishing the financial center in Iraq announced by the Central Bank of Iraq lies in the scope of the country's financial and banking development strategy and a new start in the importance of establishing and building a spatial or geographical location in which the financial operations in which it contributes are concentrated."

A wide spectrum of institutions participating in financial activity in our country, in which their business is integrated and interconnected in their inputs and outputs, specifically banking business and management of various financial assets and assets, and non-banking financial sector business such as insurance and reinsurance companies, financial investment funds, hedges and various logistical businesses that support financial market activity, i.e. In both its parts (banking and non-banking), it is supported at the same time by various financial intermediation businesses that will use ultra-modern financial technologies.

He added, "The aforementioned center will be a place for the activities of selling and trading governmental and private securities, whether stocks as property instruments or bonds as debt instruments, whether those are listed in the Iraq Stock Exchange and not, in addition to various clearing operations and the general activities of the primary and secondary financial markets as issuing and trading bodies." Securities.

And Saleh continued, "The financial center includes consulting offices such as the offices of accounting and auditing companies, related legal offices, and credit rating agencies," noting that "in this way, the financial center is an integrated complex of services and a geographical spot that enables dealers to have direct access to large capital pools." At the forefront of which are local and international banks, insurance companies, investment funds and the capital market.

And he indicated that "the financial center is an important site in conducting transactions related to modern financial engineering, such as (financial securitization) operations and other management of financial derivatives and their modern tools, in addition to tax regulation work for them." 

He stressed, "The financial instruments approved in the world's financial markets will find their correct and legal birth in the financial center of Iraq, similar to the financial centers in the world such as Dubai, Singapore and Shanghai, and many of them are in international cities in London, Frankfurt, New York and others. "   LINK

Courtesy of Dinar Guru

Frank26   [Iraq boots-on-the-ground report]    FIREFLY: Iran saying Iraq will be the largest and an oasis of investment in the Middle East region.  They speaking highly of Iraq in new report on Baghdad 1 News.  FRANK:  I told you they would come running and begging to be a part of Iraq.  They can't steal no more...Isn't that ironic the country that stole everything from you for decades is now kissing your a double s.

BGG    article...: “Parliamentary Finance explains the impact of approving the budget on the exchange rate during the coming period”.  While I highly doubt there is any direct change of the rate contained in the budget – the currency pressures created by the new methods in this budget may well force the currency higher over time.  So ...the actual news for the future of Iraq is pretty decent. Hang in there.

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

Lynette Zang: The Crisis IS Unfolding NOW! Banks / Corps All Underwater

Good as Gold Australia:  6-24-2023

In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview the incomparable, Lynette Zang, Chief Marketing Analyst at ITM Trading in Phoenix, Arizona.

The global debt market time bomb is close to exploding. Every second of every day, 24 hours a day, every day, global debt is climbing. The 'Big Secret' is this - it can't ever stop!

It can't ever stop, because at its core, the modern monetary system is debt based.

The entire world wide financial system is totally dependent on the relentless acquisition of exponentially more debt in greater and greater amounts just to function.

What it costs an hour ago just for the system to function will require even more debt an hour from now just to function. Central Banks, to keep the debt based system going must inflate. That is, they must create more debt.

Central Banks create only one product, DEBT. The ability of a Central Bank to create debt and than issue that debt is how they stay in power.

Central Banks understand that the current monetary system has been pushed to the breaking point, they themselves have done this. Moreover, they have been aware for decades that this would eventually happen - they have been planning for it.

The first stage in the breakdown of the current system is well underway, which can be seen in skyrocketing world wide inflation and rising labour costs. How much longer can this continue before the global debt market totally implodes?

 In a recent survey held by Gold.org, 7 in 10 Central Banks confirmed that they plan on increasing their gold purchases over the coming year. If it's good enough for the Central Banks to increase their exposure to gold, wouldn't it make sense for us to do the same.

https://www.youtube.com/watch?v=KWeI596oQH4

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"Fed Paused To Prevent Banking System Collapse" Michael Pento

Fed Paused To Prevent Banking System Collapse | Michael Pento

Liberty and Finance:  6-24-2023

Europe - on aggregate the largest economy in the world - just went into recession. In the U.S., many economic indicators are flashing red, and "everything is pointing to a recession," says Michael Pento of Pento Portfolio Strategies.

This year's rally in stocks is merely a bear market rally, he notes, and discusses investments that he's currently looking at.

Fed Paused To Prevent Banking System Collapse | Michael Pento

Liberty and Finance:  6-24-2023

Europe - on aggregate the largest economy in the world - just went into recession. In the U.S., many economic indicators are flashing red, and "everything is pointing to a recession," says Michael Pento of Pento Portfolio Strategies.

This year's rally in stocks is merely a bear market rally, he notes, and discusses investments that he's currently looking at.

INTERVIEW TIMELINE:

0:00 Intro

2:10 Economy

9:50 Bear market

11:59 Debts

17:30 Negative real rates

21:33 Banking system

 27:00 Gold update

32:00 Government folly

https://www.youtube.com/watch?v=dJx4P4aSGxc

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"Tidbits From TNT" Saturday 6-24-2023

TNT:

Harambe:  Harambe:  Bank Indonesia Explains Why Rupiah Redenomination Yet to Be Realized - News En.tempo.co (6/23/23)

TEMPO.CO, Jakarta - Bank Indonesia stated that rupiah redenomination or simplifying the number of digits in the rupiah, such as from Rp1,000 to Rp1, has been prepared for a long time. The country’s central bank Governor Perry Warjiyo claimed that Bank Indonesia is ready to carry out the plan.

Perry explained that he had paid attention to the design, stages, and steps toward this transition. “But of course, this decision requires the right timing,” Perry said in a virtual press conference on Thursday, June 22, 2023.

Perry outlined three factors that prevent the policy from being implemented. It must be executed during good macroeconomic conditions and a stable monetary and financial system. In addition, the country’s socio-political conditions must also be supportive, positive, and strong.

TNT:

Harambe:  Harambe:  Bank Indonesia Explains Why Rupiah Redenomination Yet to Be Realized - News En.tempo.co (6/23/23)

TEMPO.CO, Jakarta - Bank Indonesia stated that rupiah redenomination or simplifying the number of digits in the rupiah, such as from Rp1,000 to Rp1, has been prepared for a long time. The country’s central bank Governor Perry Warjiyo claimed that Bank Indonesia is ready to carry out the plan.

Perry explained that he had paid attention to the design, stages, and steps toward this transition. “But of course, this decision requires the right timing,” Perry said in a virtual press conference on Thursday, June 22, 2023.

Perry outlined three factors that prevent the policy from being implemented. It must be executed during good macroeconomic conditions and a stable monetary and financial system. In addition, the country’s socio-political conditions must also be supportive, positive, and strong.

Indonesia's economy is relatively good, he said, but there is still uncertainty in the global economy. The public is thus expected to be patient waiting for the right moment.

Perry was reluctant to explain the reason from a social and political perspective. “The government knows better,” he shortly responded.

Redenominating the national currency will remove the three zeros. Although the number will be smaller, this will not make the value of the rupiah. The redenomination plan was first voiced by Darmin Nasution when serving as BI Governor from 2009 to 2013.

The issue of rupiah redenomination emerges almost every year, generally during Money Day. However, this plan is not yet realized since it was first initiated during the era of President Susilo Bambang Yudhoyono and the era of President Joko Widodo or Jokowi.

The Finance Ministry also released the bill on rupiah redenomination as one of the focuses of the 2020-2024 National Medium-Term Development Plan (RPJMN). The ministerial regulation (PMK) No. 77/PMK.01/2020 contains the details of the ministry’s strategic program.

Previously, Bank Indonesia stated that a special team is studying the rupiah redenomination while monitoring developments in the economic situation. In the 2014-2019 period, the plan was included in the Finance Ministry's strategic program but was not executed.

https://en.tempo.co/read/1740671/bank-indonesia-explains-why-rupiah-redenomination-yet-to-be-realized

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Harambe:  Jokowi declares 5-day weekend for Indonesians - Mothership.SG News (6/22/23)

 The Indonesian government announced on Jun. 20 that they will designate Jun. 28 and 30 as collective leave days for Eid al-Adha, or Hari Raya Haji.

The additional leave days were announced via a joint ministerial decree signed between the Ministry of Religious Affairs, Ministry of Manpower and Ministry of State Apparatus Utilisation and Bureaucratic Reform, CNBC Indonesia reported.

“The Joint Decree will take effect on the date set (Jun. 16),” it read.

It was previously said that Indonesia would only observe one day of national holiday for Eid al-Adha, which falls on Jun. 29.

This means that Indonesians will be getting a longer Eid al-Adha holiday from Jun. 28 to Jul. 2, including the weekend.

Eid al-Adha

Eid al-Adha is one of the two main holidays celebrated by Muslims.

It is known as the Feast of Sacrifice and honours the Prophet Abraham (or Ibrahim), who was willing to sacrifice his son Ishmael (or Ismail) as a test of faith.

It also commemorates the hajj or pilgrimage to Mecca in Saudi Arabia, which all Muslims are expected to perform at least once in their lifetimes.

The decision to add more leave days was also raised as Indonesian authorities acknowledged that the holiday may be observed on different days, CNN Indonesiareported.

https://mothership.sg/2023/06/indonesia-5-day-weekend/

NewGirl:  Hmmmm, first Iraq has their holiday extended to July 2nd, now we hear about Indonesia. Might there be some reason to shut down banking over the last weekend at the start of the 3rd quarter of the year? Timing is kinda interesting. Lol.

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

CandyKisses:  Kurdistan Region cities wait for tourists for Eid al-Adha holiday

Baghdad - NAS  

The Kurdistan region has completed all procedures and preparations for receiving tourists during Eid al-Adha through land and air ports with the rest of the country's governorates. The current and coming days will witness the influx of thousands of families coming from various governorates of the country to the regions of the region in order to spend the Eid holiday in their resorts.     

The official spokesman for the Saudi Tourism Authority in the region, Ibrahim Abdul Majeed, said in a statement, followed by "NAS" on Saturday (June 24, 2023), that the authority has completed all its procedures in cooperation with the competent authorities, to receive tourists from air and land ports, especially those coming with their own wheels or through tourism companies, the most important of which is the work of facilities at checkpoints and security controls through border crossings, to ensure that there is no delay for citizens in them.  

He added that "the mobile teams of the authority will be present in the mentioned places to facilitate procedures for citizens, pointing to the continuation of its work to monitor hotels, restaurants, cafes, tourist and entertainment places to provide the best services to tourists coming to spend the Eid al-Adha holiday, recalling that the number of those who arrived in Erbil during Eid al-Fitr exceeded 63,<> tourists."   

In the same context, the Director General of Sulaymaniyah Tourism, Ali Raouf, attributed the doubling of the number of tourist arrivals to two reasons, "the first is the reluctance of many Iraqis to travel to Turkey and Iran and head to the region, and the second is the start of the summer vacation," pointing to "the cooperation of his department with the Directorate of Antiquities so that the Sulaymaniyah Museum is able to receive all numbers during the days of Eid, as well as providing its virtual service to its visitors via the Internet, which it adopted a few days ago.  

  For his part, Sulaymaniyah Mayor Awat Mohammed said that "the special committee for receiving tourists has tightened its precautionary measures to prevent the occurrence of hemorrhagic fever because the province has so far been free of any infection, in addition to being a season for sacrificial animals, noting that all service and security preparations have been completed in cooperation with the Sulaymaniyah Police Directorate to facilitate the entry of families during the Eid holiday."  

Mot:  Don't try'n cheat irs..

Mot:  .. Clever ………

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News, Rumors and Opinions Saturday Morning 6-24-2023

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. 24 June 2023

Compiled Sat. 24 June 12:01 am EST by Judy Byington

Global Currency Revaluation:

The official new International Dinar Rate is $3.81.

Fri. 23 June Wolverine: “We inform all the people involved in the Redemption that we are entering Radio Silence from 6:00 pm Fri. 23 June until 6:00 pm Tues. 27 June, there will be no communication of any kind regarding payment among the participants or comments on this matter with anyone.”

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. 24 June 2023

Compiled Sat. 24 June 12:01 am EST by Judy Byington

Global Currency Revaluation:

The official new International Dinar Rate is $3.81.

Fri. 23 June Wolverine: “We inform all the people involved in the Redemption that we are entering Radio Silence from 6:00 pm Fri. 23 June until 6:00 pm Tues. 27 June, there will be no communication of any kind regarding payment among the participants or comments on this matter with anyone.”

Fri. 23 June Goldilocks: It has come to my attention that Protocol 20 codes are currently being integrated into the QFS. These codes deal with currency protocols allowing digital assets to move through the system.

By Fri. 16 June the Admiral had released the codes to the Quantum Financial System and algorithms downloaded Dubi One and Dubi Two funds.

On Sat. 17 June Sat. 17 a CBI contact said that the IMF, World Bank and US Treasury had given the “green light” to reinstate the currency.

On Sun. 18 June the UST had completed sending protocols to the Forex and a major Bond Trader reported that Tiers 2 and 3 had started. The GESARA Talk Show: Major Bond Trader Reports Tiers 2 and 3 Started | Dinar Chronicles

On Wed. 21 June the Iraqi President signed the Budget with the new Dinar Rate in it, making it official. Revaluation of the Iraqi Dinar was considered the Kingpin of the Global Currency Reset. The only thing Tier4b (us, the Internet Group) has left to do is wait.

It was rumored that the US Federal Reserve and US Treasury were on notice that if they could not pay the Global Repository back the quadrillions owed, they would be handing over all assets, including property and business assets on June 30 2023.

Awake-in-3D: Declassified – DNA Molecule Quantum Computing, QFS Technology Finally Revealed? | Dinar Chronicles

Restored Republic:

It was rumored that US Inc, IMF, UN, World Bank, World Economic Forum and Central Banks around the World were now bankrupt defunct corporations without any Sovereignty.

The IRS and Federal Reserve have been shut down, while the bankrupt US Treasury has been transferred to the new US Treasury funded by gold of the Restored Republic and resides on an Indian Reservation near Reno Nevada.

Must Watch Videos:

Wed. 21 June NESARA/GESARA: Dr. Scott Young: New Huge NESARA/GESARA Intel and Q&A – It’s Coming, Folks!! (Video) | Alternative | Before It’s News (beforeitsnews.com)

Read full post here:  https://dinarchronicles.com/2023/06/24/restored-republic-via-a-gcr-update-as-of-june-24-2023/

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

Courtesy of Dinar Guru

Militia Man  A market economy/private sector is not going to be at an exchange rate of 1310.  It's just not going to work...1310 is not going to get them international.  We all know that.  Do the math on the budget.  It's just not going to happen.  So thinking it's going to go until 2024 or 2025...?  Hearing it on the streets doesn't make it right...This is real.  It's not a joke.  They're not telling us that we're going to 2024/25...

Bruce   [via WiserNow]  There's a new rate coming out, which might have actually come out today. It's a new higher rate of Iraqi dinar and is supposed to be published in the gazette...Now they can do a printed version any day. It doesn't have to be on Saturday. But I believe come out Saturday, maybe Sunday...We know that the new dinar rate is coming out and Iraq will actually start trading this on the Forex Sunday...Afternoon  -  ...everything else that we know is done. Budget, oil and gas law, everything that they needed to do. Their ATMs are all fired up and working with their lower denominations...

Iraq budget will publish sometime this week

Nader:  6-24-2023

https://www.youtube.com/watch?v=mHS6LHSzgCI

COMEX Adds 5 Million Silver Ounces To Registered As July Deliveries Loom

Arcadia Economics:  6-23-2023

One of the key trends in the silver market over the past year has been the steady drain of silver from the COMEX's registered inventory. Which has gone from 150 million ounces during the silver squeeze weekend in February of 2021, down to 27 million ounces as of last week.

However there was a big addition of 5 million ounces out of eligible into registered yesterday, which brings the registered category up to 32 million ounces ahead of the July delivery cycle.

The July deliveries begin late next week, and it's possible that this silver is being added into registered to be prepared for delivery against July contracts, or also possibly some of the June contracts that remain open and have not been delivered on yet.

https://www.youtube.com/watch?v=ahpO1TEIsac

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Lawlessness and the Real Causes of the Banking Crisis-John Titus

John Titus: Lawlessness and the Real Causes of the Banking Crisis

Palisades Gold Radio:  6-23-2023

Tom welcomes an interesting guest who dives deeply into various financial topics; John Titus. He discusses noticing the liquidity issues in the banking system and three weeks later Silicon Valley Bank failed.

The Fed's balance sheet until 2008 was less than a trillion dollars, which was largely for settling transactions. However, in 2008, the balance sheet exploded. In 2020, the Fed created reserves far larger in scale and they started buying assets from non-banks.

Starting March of 2020, the Fed balance sheet ballooned from 13.5 trillion to 18 trillion, which was the cause of the inflation. They increased the money supply for households and ordinary businesses, and this wasn't just reserve balances on account at the Fed.

John Titus: Lawlessness and the Real Causes of the Banking Crisis

Palisades Gold Radio:  6-23-2023

Tom welcomes an interesting guest who dives deeply into various financial topics; John Titus. He discusses noticing the liquidity issues in the banking system and three weeks later Silicon Valley Bank failed.

The Fed's balance sheet until 2008 was less than a trillion dollars, which was largely for settling transactions. However, in 2008, the balance sheet exploded. In 2020, the Fed created reserves far larger in scale and they started buying assets from non-banks.

Starting March of 2020, the Fed balance sheet ballooned from 13.5 trillion to 18 trillion, which was the cause of the inflation. They increased the money supply for households and ordinary businesses, and this wasn't just reserve balances on account at the Fed.

 Silicon Valley Bank had 13 billion dollars on account spread over ten accounts. When the Fed bought 4.5 trillion from non-banks, it bought them through firms like Blackrock.

 Senate testimony showed that much of this money was in retail bank accounts. Money started out in business accounts but ended up in households. John doesn't believe that apps were behind the flows out of SVB; this seems like a cover story to him.

This isn't just a regional banking crisis; these were large banks in the top hundred. These were rich people banks that were failing, so the Fed had to intervene.

 People aren't talking about the whales in the pond; this is part of the game of favoritism.

He says, "The Fed is picking the winners and losers, with opaque policy decisions and no record keeping.

They get whatever result they want; we live in a lawless nation run by criminals."

John discusses some metrics that can help you determine if your bank could fail. It is considered wise today to have some exposure to physical precious metals. Banks are being consolidated into a much tighter group, where the JP Morgans of the world acquire smaller banks.

 Canada has changed the rules around mortgages, allowing huge extensions. Debt is someone else's asset and someone is going to be burnt. These types of policies are leading to a loss of overall confidence in the system.

John believes we're going to see more bank failures and inevitably lower rates. The Fed is all about managing perception to the benefit its private owners.

 Gold brings options to other countries if they want to move away from the dollar. Everyone today needs resources and Eastern nations are looking to consolidate their own resource supplies.

They are sick of the U.S. exporting inflation abroad.

 It would not surprise him if they come out with a resource-based currency alternative.

 Time Stamp References:

0:00 - Introduction

1:20 - Best Evidence & FRED

3:44 - Bank Crisis Parallels

6:47 - Banks & Fed Accounts

 10:30 - Pandemic & Bank Crisis

12:04 - Fed Chart - Top 0.1%

15:02 - Account Sizes & FDIC Risk

17:17 - Apps & SVB Transfers

18:43 - "Regional" Banking Crisis

21:56 - Wealth Concentration

 24:28 - Credit Suisse

25:54 - Rule Making & FDIC

27:30 - Bank Red Flags

29:03 - Protecting Your Money

31:52 - CBDC & Bank Consolidation

 34:40 - Rate Hikes & Volatility

37:04 - Hikes & Debt Rollover

 39:53 - Canada & Mortgage Rates

41:55 - Fed Hikes or Pivot

44:49 - Eastern Gold Buying

47:43 - Power Balance

48:29 - Wrap Up

Talking Points From This Episode

 - The Fed's balance sheet exploded in 2008 and again in 2020, leading to inflation and an increase in the money supply for households and businesses.

- Banks are being consolidated into a much tighter group, with larger banks acquiring smaller ones.

- Other countries are looking to move away from the U.S. dollar and create their own resource-based currency alternatives.

https://www.youtube.com/watch?v=TLoye1ooUp8

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Friday Night 6-23-2023

KTFA:

Clare:  Good news from Kurdistan Finance for employees

6/23/2023

The Ministry of Finance in Kurdistan Region announced on Thursday that the process of distributing employee salaries will end before Eid.

"The distribution of salaries will continue on Saturday, corresponding to 24/6, as the process will end before Eid al-Adha," the ministry said in a statement received by Shafaq News agency.

The ministry had announced earlier that it had received 400 billion dinars from Baghdad to finance the salaries of employees for the month of May.   LINK

KTFA:

Clare:  Good news from Kurdistan Finance for employees

6/23/2023

The Ministry of Finance in Kurdistan Region announced on Thursday that the process of distributing employee salaries will end before Eid.

"The distribution of salaries will continue on Saturday, corresponding to 24/6, as the process will end before Eid al-Adha," the ministry said in a statement received by Shafaq News agency.

The ministry had announced earlier that it had received 400 billion dinars from Baghdad to finance the salaries of employees for the month of May.   LINK

Clare:  The Iraq Stock Exchange trades shares worth more than 9 billion dinars

6/22/2023

The Iraq Stock Exchange announced, on Thursday, that billions of shares have been traded, with a financial value of more than 9 billion, during several sessions organized this week.

According to the market’s weekly trading indicators, during the third week of June 2023, there will be five trading sessions, from Sunday 06/18/2023 to Thursday 06/22/2023.

 The market indicated that it achieved the following indicators during this week:

1. The number of shares traded during this week amounted to more than (8) billion shares.

2. The value of shares traded this week amounted to more than (9) billion dinars.

3. The trading index in the market closed for the first session of the week at (677.69) points, while the index closed at the end of the week at (666.52) points, achieving a decrease of (1.68%) from its closing at the beginning of the session.

4. During the week, more than (3100) buying and selling contracts were executed on the shares of companies listed in the market.    LINK

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

Courtesy of Dinar Guru

Walkingstick   [via Frank26]   To be a member of the WTO Iraq has to collect taxes from its citizens...they have to describe how the exchange rate is determined and whether or not the currency is convertible and tradable and if their foreign exchange rate is freely able to use for trade and make payments with it.

Frank26   [Iraq boots-on-the-ground report]    FIREFLY: TV saying Iraq has finished all the requirements for joining the WTO.  Saying all financial agreements reached and Iraq is planning to join the WTO  FRANK:  This is monstrous.  What are the requirements to join the WTO?  ...You do not have to have an International exchange rate to be a part of the WTO but it's very encouraging to see they want to join because the financial requirements are part of the monetary reform.  And to join the WTO is the first steps to go international. 

LIVE! Forget Regional Banks... BIG TROUBLE IS COMING FOR THE MAJOR BANKS! Expect BAILOUTS.

Greg Mannarino:  6-23-2023

https://www.youtube.com/watch?v=Gfsn-fyf0sM

Congress: The US Dollar As An Economic "Weapon" Is Declining

Lena Petrova:  6-23-2023

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

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Calls, Chats and Rumors DINARRECAPS8 Calls, Chats and Rumors DINARRECAPS8

Bruce’s Big Call Dinar Intel Thursday Night 6-22-23

Bruce’s Big Call Dinar Intel Thursday Night 6-22-23  

Transcribed By WiserNow Emailed To Recaps

Welcome, everybody to the big call tonight. It's Thursday, June the 22nd and you're listening to the big call. Welcome everybody that might be new, or people that have just found us - People that have been listening for 12 years, and everybody that's International and is getting this call virtually live and 1.2 seconds across the globe, many, many countries in your own language. So thank you for listening. Thank you for tuning in.

Let's talk about where we stand from an Intel point of view. And let's start with Iraq - Because usually we try to find if there's anything new coming out of Iraq, and guess what - there is. There's a new rate coming out, which might have actually come out today. It's a new higher rate of Iraqi dinar and is supposed to be published in the gazette Saturday, or Sunday.

Bruce’s Big Call Dinar Intel Thursday Night 6-22-23  

Transcribed By WiserNow Emailed To Recaps

Welcome, everybody to the big call tonight. It's Thursday, June the 22nd and you're listening to the big call. Welcome everybody that might be new, or people that have just found us - People that have been listening for 12 years, and everybody that's International and is getting this call virtually live and 1.2 seconds across the globe, many, many countries in your own language. So thank you for listening. Thank you for tuning in.

Let's talk about where we stand from an Intel point of view. And let's start with Iraq - Because usually we try to find if there's anything new coming out of Iraq, and guess what - there is. There's a new rate coming out, which might have actually come out today. It's a new higher rate of Iraqi dinar and is supposed to be published in the gazette Saturday, or Sunday.

 I believe you know, remember, the gazette – the official record and typically printed version of the online printed version is on Wednesday and Saturday. Now they can do a printed version any day. It doesn't have to be on Saturday. But I believe come out Saturday, maybe Sunday.

Now we know this much - We know that the new dinar rate is coming out and Iraq will actually start trading this on the Forex Sunday. Afternoon  - our time - which is usually the Forex cranks up about 4:30 or five in the afternoon, on Sunday for the week. They tend to they stop at Friday at about that time and start back up on Sunday, but a 48 hour period for them to settle accounts with forex trading and so forth.

 So they'll start back up with the new Iraqi dinar add a new rate, and it should be on the  forex - So let's call it Sunday night.  All right. So that's good news about Iraq.

Otherwise, everything else that we know is done. Budget, oil and gas law, everything that they needed to do. Their ATMs are all fired up and working with their lower denominations - everything's hunky dory, and rocking and rolling for Iraq. So that's good.

Let's go back and talk about oh, gosh, what are we talking about next?

Let's talk about the redemption center. Redemption centers. Staff are on call for the next three days Friday, Saturday and Sunday, with one hour call inside being this their call to come in. They'll come in within one hour and be at their desk ready, ready to roll.

From what I've heard, we're looking at things happening for us. In the in the Saturday, Sunday, more or less the weekend, Saturday, Sunday, Monday for our notifications. I personally don't think it'll be as early as Saturday but it could, but it might be more like Saturday, Sunday or Monday that we would get notified center set appointments and be able to go into the redemption centers Monday or Tuesday. 

That's the latest information that we've gotten today.

We know bondholders are frustrated because they have their packages their Quantum access card and got their new credit Debit Card from the Bank that handle their bonds, and they're only waiting for one thing day. And that is the email that will tell them with a new access code to access their account that they have access to their liquidity to their funds to 1% of their total.

Okay, and guess what they're gonna get that when we get notified of our exchanges, when we receive our 800 number notifications by email. That's when the bondholders are to begin seeing and having gaining access to and spending the funds in their accounts.

This is all part of the shotgun start. And they're looking to get a true shotgun start for everybody gets funded and has access to funds within 12 hours of each other.

So bond holders, CMKX payouts, other adjudicated settlements, Indian and foarm claims I believe and ranch claims have already been paid but we're looking to get everybody on the same page.

The admirals groups and 4A and us in the Internet Group and 4B - remember Wells Fargo considers those all part of tier 4 -  So we're all looking to get that at virtually the same time which would be great. That's what we're looking for.

Now. Another aspect to this. I've talked generally about the idea of political change. You guys know that? I haven't gone into detail, but I'll say this - some people, most people that I talked to, are or believing that we need to see the result of the Brunson litigation, the Bronson cases, we need to see that

Now we had, I believe, on last Tuesday that the Brunson case had been decided  - that I didn't even mention that - Nevermind, I did not mention that on Tuesday. Here's where we stand on it. The Supreme Court is in a state of hearing that Brunson case yesterday - And today, it should have a decision which should be favorable for us - In the next couple of days.

  It could be tomorrow - Could be Saturday. We think it will be by Saturday. That will have that Brunson case which is created by this cohort out now.

They will have the Brunson case which has been deliberated by the Supreme Court, have that out -  Now - if that happens, what that does is it has major ramifications on the what's called the annulment of the 2020 elections.

So, it could completely cancel that out. And we'll see what happens after that.

Some people think that that has to happen, that this will not be allowed to go on under our current full political system.  Too much corruption in it, and they just don't want it to go yet based on that.

So I think what we have to do is continue to pray into this and pray that God will make sure that everything needs to be right politically before this goes. That may be the case may absolutely be the case.

So we are looking for something to happen. And one of the major bank redemption center people said this could go at any minute now. Now, I think basically he’s right, this could go any minute now. But I think we may have to see the Brunson case that that decision of the Supreme Court and have that out.

And once that decision is made, we should  know about it within 48 hours. It may not be immediate, but within 48 hours, we should have our notifications. It should be that close

So I also can say is the dong rate is negotiable. There's a starting point, and then there's a top end point and you would want to negotiate that up and it's supposed to be about the top Dong rate that we would be offered upon negotiation is supposed to be about $10  below the Dinar rate on the Iraqi dinar that we would know when we go into the redemption centers -  so you've got that little $10 difference in those two rates that we ought to be able to get.

And I mentioned to you guys Tuesday night, if all you have is dinar. You have the ability to negotiate all the way up to the contract rate, which is quite high.

If you have zim, you're not going to be able to negotiate the Dinar rate. You'll be able to be offered a high rate but it won't be the contract rate. They don't really matter because of the value of the zim. Okay. So all these currencies, they don't really matter as much they tend to be dwarfed by the value of the zim - so that's good news.

Really, that's about everything that I wanted to bring out tonight. I think what we've got to do is pray this in like we do every, every time - and Tuesday night's call we got cut off the recording prematurely, and I don't know why it's just we might have timed it out or something. But I did pray the call out even though you didn't hear on the recording. So let's do this. Let's pray the call out and let's all believe for this to happen in God's perfect timing – which it will and that that timing hopefully is very close to us now.

 

Bruce’s Big Call Dinar Intel Thursday Night 6-22-23   REPLAY LINK    Intel Begins   1:03:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH3ub

Bruce’s Big Call Dinar Intel Tuesday Night 6-20-23   REPLAY LINK   Intel Begins   1:25:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH3Bd

Bruce’s Big Call Dinar Intel Thursday Night 6-15-23   REPLAY LINK    Intel Begins   1:12:45

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHFMa

Bruce’s Big Call Dinar Intel Tuesday Night 6-13-23   REPLAY LINK   Intel Begins   1:07:37

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHFKB

Bruce’s Big Call Dinar Intel Thursday Night 6-8-23   REPLAY LINK    Intel Begins   1:06:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHF3D

Bruce’s Big Call Dinar Intel Tuesday Night 6-6-23   REPLAY LINK   Intel Begins   1:18:18

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHFHq

Bruce’s Big Call Dinar Intel Thursday Night 6-1-23   REPLAY LINK    Intel Begins   1:00:55

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH8vl

Bruce’s Big Call Dinar Intel Tuesday Night 5-30-23   REPLAY LINK   Intel Begins   1:15:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH8xr

Bruce’s Big Call Dinar Intel Thursday Night 5-25-23   REPLAY LINK    Intel Begins   1:15:15

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH8Ri

Bruce’s Big Call Dinar Intel Tuesday Night 5-23-23   REPLAY LINK   Intel Begins   1:11:11

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHGNT

Bruce’s Big Call Dinar Intel Thursday Night 5-11-23   REPLAY LINK    Intel Begins   1:00:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHGZT 

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Chats and Rumors, News Dinar Recaps 20 Chats and Rumors, News Dinar Recaps 20

"Tidbits From TNT" Friday 6-23-2023

TNT:

Harambe:  Vietnam considered rising star to become emerging market | Vietnam+ (6/22/23)

A recent article posted on , a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the  status.

Many years of consistently high  have been due to a highly attractive combination of political stability with sound pro-market execution from the government which has managed to slash poverty from 17% to less than 5% in a decade, the article wrote.

“Perhaps the best-known growth driver for Vietnam is its step-change in  (FDI), benefiting from an increase in exports due to what is widely known as China Plus One,” it said.

The country continued to sign more than a dozen key trade agreements during the pandemic-triggered lockdown. These partnerships will make it easier for companies to do business in Vietnam, positioning itself ever more as a manufacturing expert with ease of access to broad, international markets and benefitting from 3,000 kilometres of coastline and the close connections to China.

TNT:

Harambe:  Vietnam considered rising star to become emerging market | Vietnam+ (6/22/23)

A recent article posted on , a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the  status.

Many years of consistently high  have been due to a highly attractive combination of political stability with sound pro-market execution from the government which has managed to slash poverty from 17% to less than 5% in a decade, the article wrote.

“Perhaps the best-known growth driver for Vietnam is its step-change in  (FDI), benefiting from an increase in exports due to what is widely known as China Plus One,” it said.

The country continued to sign more than a dozen key trade agreements during the pandemic-triggered lockdown. These partnerships will make it easier for companies to do business in Vietnam, positioning itself ever more as a manufacturing expert with ease of access to broad, international markets and benefitting from 3,000 kilometres of coastline and the close connections to China.

According to the writing, Vietnam is now moving more towards manufacturing higher-value products, more in electronics rather than textiles.

One of Vietnam’s most critical FDI sources is Samsung Electronics. The technology giant employs tens of thousands of people in Vietnam and is the largest investor in the country, with 50% of its handsets being produced there.

There is frequent hope that Vietnam will be upgraded from its current, off-benchmark,  status to emerging market status by MSCI. The Vietnam stock market overall now meets the size and liquidity requirements to be included, with a four-fold surge in retail participation during the past 2 - 3 years, driven by digital account technology, the article added.

https://en.vietnamplus.vn/vietnam-considered-rising-star-to-become-emerging-market/255115.vnp

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

CandyKisses:  Parliamentary Finance reveals the date of financing ministries with the amounts of the budget due for the past months

Today, Thursday, the Parliamentary Finance Committee set the date for the start of funding ministries budget amounts due for the past months, while indicating the trend to adopt an electronic system to complete the procedures of the final accounts.

Committee member Mustafa al-Karawi told the official agency that "the instructions for implementing the budget will be issued after Eid al-Adha, as the Prime Ministry and the Ministry of Finance prepared the draft of the instructions that may need amendments after adding articles to the budget by the House of Representatives," pointing out that "the issuance of instructions for financing and implementing the budget will be ready after Eid and circulated to all government departments and ministries."

He added, "After issuing the instructions, the Ministry of Finance will start financing the amounts due for the past months, especially operational, and other ministries will start implementing the investment budget for projects and others."

Regarding the final accounts, al-Karawi stressed that "the National Audit Office is working on this issue, and there is a trend to adopt an electronic system to complete the final accounts procedures."

He continued, "The latest data of the final accounts that was updated was the 2015 budget, which was sent to the House of Representatives with the budgets of 2013 and 2014," stressing "the need to be a careful follow-up of the final accounts, review and final approval so that there are real accounts and to uncover corruption files."

"The three-year budget will be conditional and the data and the tables will be updated by the Council of Ministers and approved within the House of Representatives," he said.

"The application of most of the items will continue year after year, but the digital data will be variable according to the Iraqi and global economic situation, as they are directly related," he said.

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

CandyKisses:  From space to telephone. Iraq is looking with the global {space x} to provide it with the Internet

Minister of Communications Hiam Al-Yasiri discussed Thursday evening with representatives of the global company Space X, the project of providing Internet service via space during a meeting that took place remotely (video conference) in the presence of the advanced technical staff in the ministry and its formations.

According to a statement by the ministry, a copy of which was received by Al-Furat News, "during the meeting, an explanation was listened to from the company about the project."

Al-Yasiri discussed with the company a number of important issues, especially the security aspect, and stressed that project management, control and control are all in the hands of the ministry exclusively.

It was also reached with the aforementioned company the possibility of reducing the prices of the system purchased by the user and the subscription price to a large extent compared to its prices in other countries that launched the service, as well as the ease of its acquisition and the speed of its access to the citizen after a short period of demand.

Al Yasiri stressed the exact standards of internet service quality and speed that have been detailed with the service provider.

She pointed out that the ministry prefers direct sales to citizens and stay away from the intermediary system.

It is noteworthy that the system does not need technical procedures to install it, but the citizen can obtain the service directly from the moon as soon as it is acquired.

On the other hand, the company's representatives expressed their desire to cooperate with the ministry and contract with it in this field, and it was agreed to hold a physical meeting with officials in the ministry to discuss the exact details of the project.

Mot:  ... Hummmpt!! - Finding me a New Doctor I Am!!! ...

Mot:  .. NOT Me - Nopppers!! huh Uh things you say after 50

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

MarkZ and Bob Lock Friday Morning Chat 6-23-2023

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: Good morning Mark , good morning mods . Good morning patriots

Member: TGIF everyone

Member: I hope we all have good news this weekend

Member: I hope we see the RV this weekend.

MZ: We are hearing the budget will be in the Gazette on Sunday of Monday…..Getting all kinds of back and forth on it. What we do know is it will be published for the people very soon.

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: Good morning Mark , good morning mods . Good morning patriots

Member: TGIF everyone

Member: I hope we all have good news this weekend

Member: I hope we see the RV this weekend.

MZ: We are hearing the budget will be in the Gazette on Sunday of Monday…..Getting all kinds of back and forth on it. What we do know is it will be published for the people very soon.

Member: (From Dinar Guru)  Guru Mnt Goat  The saga about the Iraqi dinar RV only gets better and better.  Yes, we are VERY close to something big happening with the dinar...Yes, I do have some concerns about not seeing any news about the project to delete the zeros...but the CBI told me from their experience in the past they are not going to advertise the process at the end anymore until they are absolutely sure and are implementing it. Integral to the RV is this project to delete the zeros...Are the newer notes already printed? Yes, they are printed and in the vaults at the CBI...they are not yet in the ATMs and so we wait. One cannot happen without the other.

MZ: There is not much news and just like we read from Mountain Goat- I think they are being quiet on purpose. ….here at the end.

MZ: That is exactly what I am being told from bond contacts…..exactly what I am being told from groups….that they are crackicng down on leaks and I should expect to see “quiet”

MZ: I take the quiet as an exceptionally good sign.

MZ: “Iran and India sign agreement and strengthen bilateral ties”  More de-dollarization.

MZ:  “Nine African countries join Afreximbank’s  PAPSS platform in push for de-dollarization”  I think this is part of operation Sandman in action. In affect this is tanking the US dollar.

MZ: “ Are we living through a “De-Dollarization?”  This is from independent news media institute. This is a deep dive on the history….of silver, gold and economies. This is main stream people finally figuring out what we have been talking about for 4 years.

Member: The reset is happening as you speak MARKZ!

Member: I just pray it’s the good reset/GCR and not the cabal great reset!

Member: I wonder Does NERASA kick in automatically at the time of the RV, or does it require an Executive Order?

Member:  572,000,000,000 added to US debt in 2 weeks. Total debt now exceeds China, Japan, Germany, and the US combined GDP.

Member: Mark, if you were under an NDA, could you tell us?

Member: I bet he could at least say he has a NDA….then we know to quit asking???

Member: Markz has Mr C mentioned how many codes will be put in?! I read 20 have been integrated

Member: I heard there were many signatories for different parts of the reset.

Member: Thanks Mark, Bob and Mods……praying Iraq finally pulls the trigger this weekend.

Member: Happy birthday for all who celebrate today…..see everyone tonight.

“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY

Bob Lock and CBD Gurus join the stream today….please listen to replay for their opinions and information .

Bob Lock Debt Lawyer and Trusts : debtlawyer@gmail.com

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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!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=MjpUyDm7pO4

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