News, Rumors and Opinions Tuesday AM 7-4-2023
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 Tues. 4 July 2023
Compiled Tues. 4 July 2023 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, was asked to hand over all their assets.
On Sat. 1 July International Financial Markets transformed into a digital asset-based economy. The new Quantum Financial System interfaced in computers around the World to coordinate currency transactions through International Payment System ISO 20022.
After the EID holiday ended on Sat. 1 July the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate was implemented into the Iraqi Budget.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 4 July 2023
Compiled Tues. 4 July 2023 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, was asked to hand over all their assets.
On Sat. 1 July International Financial Markets transformed into a digital asset-based economy. The new Quantum Financial System interfaced in computers around the World to coordinate currency transactions through International Payment System ISO 20022.
After the EID holiday ended on Sat. 1 July the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate was implemented into the Iraqi Budget.
Also on Sat. 1 July the fiat US Dollar transferred into a gold/asset-backed US Note.
On Sun. 2 July about 5 pm EST the Dinar Rate on the Forex went public. A live Foreign Currency Converter showed the new Dinar Rate was slowly climbing upward in value:1,000,000 IQD to USD – Iraqi Dinars to US Dollars Exchange Rate (xe.com)
Khan Baba: Iraqi Dinar $4.86 International Rate: https://dinardetectives.com/khan-baba-111/
On Mon. 3 July the US economy was set to implode as SOFR, Libor and many nations dumped their US Treasuries.
On Tues. 4 July the Quantum Financial System would be fully integrated worldwide. Tier4b (us, the Internet Group) was expected to be notified to set exchange and redemption appointments according to Bruce.
Wed. 5 July was the first day Tier 4b (us, the Internet Group) could go in for exchanges according to Bruce.
Former BlackRock employee: “The global fiat currencies are about to fail! If this collapse is imminent, it just means one thing from my perspective. The RV is right around the corner. RV stands for the revaluation of the current currencies. This is the birthing of a new financial system on the horizon. The new currency will be backed by gold. No more inflations and no more making money from thin air. I can’t wait for this to happen. What an exciting time to be living in.”
Goldilocks – Dinar Detectives – Iraqi Dinar Recaps from Dinar Guru and Intel
Restored Republic:
Ben Fulford: US Inc. has been dissolved due to the demise of their fiat Federal Reserve US Dollar and a subsequent Global Financial Collapse that was now in the works.
A Global Currency Reset based on gold/asset-based currencies of 209 nations would soon complete
Read full post here: https://dinarchronicles.com/2023/07/04/restored-republic-via-a-gcr-update-as-of-july-4-2023/
**********************
Courtesy of Dinar Guru
Militia Man There's some squabbling going on who's going to control the Iraq exchange rate that's been going on in the parallel market...they have to change some things because it hasn't been quite working ...What would cure the parallel market is obvious to everybody. It's an exchange rate change. Something significantly stronger than the dollar would clear it up...They've said yesterday the situation has become more urgent to adopt new approaches that focus on blocking illegal channels and providing the facilities and flexibility required for legitimate currency trading markets.
Walkingstick [via Frank26] It is unlikely this budget is 65 trillion dinars. It's more in the billions. We simply wait for the budget to show us a new exchange rate...it's all in the accounting. They can change the rate at a moments notice just like that and they're prepared to do it...if you don't see a new exchange rate in the budget yet no worries. But the budget is impossible at a program rate. We know this for a fact.
Iraq News Saudi Arabia UAE Invest $6 Billion in Iraq
Edu Matrix: 7-4-2023
The One Gold Chart Pattern That Matters
Lynette Zang: 7-3-2023
In this video, Lynette exposes the manipulations of Wall Street's spot market and highlights the importance of understanding the failing currency and making choices to protect your wealth.
CHAPTERS:
0:00 Truth and Illusion
3:08 Spot Gold
11:36 GLD
17:11 PCGS3000
18:29 Spot Silver
More News, Rumors and Opinions Monday Afternoon 7-3-2023
TNT:
Harambe: Saudi Arabia and Russia deepen oil cuts, sending prices higher | Reuters (7/3/23)
Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate hikes from the U.S. Federal Reserve.
Saudi Arabia said it would extend its voluntary oil output cut of one million barrels per day (bpd) for another month to include August, adding that the cut could be extended beyond that month.
Shortly after the Saudi announcement, Russian Deputy Prime Minister Alexander Novak said Moscow would cut its oil exports by 500,000 barrels per day in August.
The cuts amount to 1.5% of global supply and bring the total pledged by OPEC+ to 5.16 million bpd.
TNT:
Harambe: Saudii Arabia and Russia deepen oil cuts, sending prices higher | Reuters (7/3/23)
Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate hikes from the U.S. Federal Reserve.
Saudi Arabia said it would extend its voluntary oil output cut of one million barrels per day (bpd) for another month to include August, adding that the cut could be extended beyond that month.
Shortly after the Saudi announcement, Russian Deputy Prime Minister Alexander Novak said Moscow would cut its oil exports by 500,000 barrels per day in August.
The cuts amount to 1.5% of global supply and bring the total pledged by OPEC+ to 5.16 million bpd.
OPEC+ already has in place cuts of 3.66 million bpd, amounting to 3.6% of global demand, including 2 million bpd agreed last year and voluntary cuts of 1.66 million bpd agreed in April and extended to December 2024.
Oil prices rose on news of the cuts, with Brent up 89 cents to $76.30 a barrel by 0950 GMT.
OPEC+, which groups the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, pumps around 40% of the world's crude.
The alliance has been cutting supply to lift up prices since November last year due to weaker Chinese demand and rising U.S. supply but so far has failed to move them much from the range of $70-$80 a barrel.
"The kingdom's production for the month of August 2023 will be approximately 9 million barrels per day," Saudi state news agency SPA quoted an official source from the Ministry of Energy as saying.
Saudi Arabia, the de-facto leader of OPEC, had pledged earlier this month to make a deep cut to its output in July, on top of the broader OPEC+ deal to limit supply into 2024 as the group sought to boost flagging oil prices.
"This additional voluntary cut comes to reinforce the precautionary efforts made by OPEC+ countries with the aim of supporting the stability and balance of oil markets," the SPA official source was quoted as saying.
Russia, the world's second largest oil exporter after Saudi Arabia, has already pledged to reduce its output by 500,000 barrels per day (bpd) to 9.5 million bpd from March until year-end.
************
Harambe: Iran-Iraq trade exceeds $10bn: official | Mehr News Agency (7/3/23)
TEHRAN, Jul. 03 (MNA) – The Chairman of the Iran-Iraq Joint Chamber of Commerce said that currently, the trade volume between the two countries has exceeded $10 billion.
Yahya Al-e Es’haq made the remarks in a meeting attended by the Iranian Commercial Attaché in Iraq and representatives of the Ministry of Foreign Affairs on Monday.
According to Al-e Es’haq, the opportunity for trade relations between the two countries has been strategic and essential, and its benefits will serve the people of both countries.
He considered benefiting from business opportunities in Iraq as pursuing the national interests of Iran.
"It is possible to reach a $20 billion trade between Iran and Iraq within the next few years," he pointed out.
"Next year, our private sector can certainly increase trade relations with Iraq to $11 billion without exporting gas, electricity, and technical and engineering services," he added.
Elsewhere in his remarks, the Iranian official said that Iraq's debts to Iran are mainly related to the government entities, especially in the field of gas and electricity.
"Iraq owes Iran around $10 billion, which fluctuates over time," he continued.
He added that as the Iraqi minister has announced that all the $10 billion have been deposited to TBI Bank.
"It has been agreed to use this money for non-sanctioned items such as medicine, etc", he concluded.
https://en.mehrnews.com/news/202736/Iran-Iraq-trade-exceeds-10bn-official
Courtesy of Dinar Guru
Frank26 They are de-dollarizing Iraq. Why are they lowing the exchange rate of the American dollar? You automatically increase the exchange rate of the Iraqi dinar...the national sovereign currency of that country.
Frank26 All of you that are going to exchange your dinars into American dollars, where are those dinars going? Into our U.S. Treasury. You think we can pay off the deficit? Yeah in a blink of an eye...
************
The American Experiment is Coming to an End
Heresy Financial: 7-3-2023
What is the American Experiment? In the late 1700s, a group of men had an idea. An idea that men could organize differently than they had before.
We did not need to be ruled by people based on bloodlines or dictatorships. But that people, if given a chance, to voluntarily associate with one another, have a bottom-up, decentralized structure to our society, where the individual had the most power and principles of individual liberty; these were revolutionary ideas for a time.
And the experiment had begun.
Timecodes
0:00 What is the American Experiment?
1:36 Does Freedom Matter?
4:54 Freest Countries on Earth
9:16 Where U.S. Has Fallen
Thoughts From DJ: "SDG/GCR/RV/Historical Bonds" 7-3-2023
DJ: DID YOU KNOW?
What is the 2030 Sustainable Development Goals (SDGs) agenda? Most aren’t even aware of it. But it is the actual foundation for what we have come to know as the GCR/RV/ Historical Bond Redemption/GESARA/NESARA.
The Sustainable Development Goals are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere.
The 17 goals with 169 targets were adopted by all 191 United Nation Member States ( there are 193 U.N. Members with Palestine and Vatican City/Holy See that are non-member observer states) Sept of 2015, as part of the 2030 Agenda for Sustainable Development which set a 15 year plan to achieve the goals.
With just under ten years left to achieve SDGs, world leaders at the SDG summit in September 2019 called for a decade of action for sustainable development, and pledged to mobilize financing, enhance national implementation and strengthen institutions and regulatory frameworks to achieve the Goals’ target of 2030.
DJ: DID YOU KNOW?
What is the 2030 Sustainable Development Goals (SDGs) agenda? Most aren’t even aware of it. But it is the actual foundation for what we have come to know as the GCR/RV/ Historical Bond Redemption/GESARA/NESARA.
The Sustainable Development Goals are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere.
The 17 goals with 169 targets were adopted by all 191 United Nation Member States ( there are 193 U.N. Members with Palestine and Vatican City/Holy See that are non-member observer states) Sept of 2015, as part of the 2030 Agenda for Sustainable Development which set a 15 year plan to achieve the goals.
With just under ten years left to achieve SDGs, world leaders at the SDG summit in September 2019 called for a decade of action for sustainable development, and pledged to mobilize financing, enhance national implementation and strengthen institutions and regulatory frameworks to achieve the Goals’ target of 2030.
The UN Secretary-General called on three levels of action: Global Action to secure greater leadership, more resources and smarter solutions for Sustainable Development Goals; Local Action focusing on the needed transitions in the policies, budgets, institutions and regulatory frameworks of governments, cities and local authorities; and People Action, including by youth, civil society, the media, the private sector, unions, academia and other stakeholders, to generate an unstoppable movement pushing the required transformations.
Keep in mind the SDGs aim to transform our world. These calls to actions are to end poverty and inequity, protect the planet and ensure that all people enjoy heath, justice and prosperity.
The only non-signatories of the 2030 Agenda include some small Island nations who have concerns around the potential impact of the agenda on their unique circumstances, including vulnerabilities to climate change and limited resources for implementation. Of the G20 member states , the U.S., The Russian Federation and Brazil exhibit the least support for the 2030 Agenda and the SDGs.
Due to their large economies, which consume natural resources at an alarming rate and also have larger numbers of citizens living in poverty. And also, due to their large economies having a larger carbon footprint they will be liable to account for under the Agenda agreement.
For decades the global leaders have made the realization the way things have been going had to change. But it was just a vast amount of scattered suggestions, opinions and ideas. It wasn’t until Agenda 2030 was agreed upon and signed that a formal plan was created to actually implement what formally could be called ideology. A good idea sounds great, but how do we do it?
The GCR/RV/Historical Bond Redemption, QFS, as well as the concepts of GESARA/NESARA are all logistics and mechanisms to carry out the 2030 Agenda for Sustainable Development Goals. Next weeks’ post I will attempt to explain how the preparation to enact the GCR and friends actually works at the sovereign level.
Until then, here’s a hint , when it comes to the bonds and currencies they are the buyers and the sellers wrapped into one.
DJ
News, Rumors and Opinions Monday 7-3-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 3 July 2023
Compiled Mon. 3 July 2023 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, was asked to hand over all their assets.
On Sat. 1 July International Financial Markets transformed into a new digital asset based economy. The new Quantum Financial System would be completely interfaced in computers around the World in order to coordinate currency transactions through the International Payment System ISO 20022. Implementation of the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate in the Iraqi Budget will happen after the EID holiday ends on Sat. 1 July. As with other countries’ currencies, the fiat US Dollar transfers into the new gold/asset-backed US Note also on Sat. 1 July.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 3 July 2023
Compiled Mon. 3 July 2023 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, was asked to hand over all their assets.
On Sat. 1 July International Financial Markets transformed into a new digital asset based economy. The new Quantum Financial System would be completely interfaced in computers around the World in order to coordinate currency transactions through the International Payment System ISO 20022. Implementation of the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate in the Iraqi Budget will happen after the EID holiday ends on Sat. 1 July. As with other countries’ currencies, the fiat US Dollar transfers into the new gold/asset-backed US Note also on Sat. 1 July.
On Sun. 2 July about 5 pm EST the International markets and Forex opened and Iraq’s new Dinar Rate went public.
On Mon. 3 July The US economy was set to implode when SOFR, Libor and many nations are planning on dumping their US Treasuries.
On Tues. 4 July the Quantum Financial System will be fully integrated worldwide. Tier4b (us, the Internet Group) was expected to be notified to set exchange and redemption appointments according to Bruce.
Wed. 5 July was the first day Tier 4b (us, the Internet Group) could go in for exchanges.
Collapse of the US Financial System: FELLOW PATRIOTS, PAY ATTENTION. It Is Going to Happen! The Collapse of the Financial System in the United States Is Near!
Federal Reserve Warns $541 Billion to Exit US Banking System: https://dinarchronicles.com/2023/07/02/federal-reserve-warns-541-billion-will-exit-the-us-banking-system/
JP Morgan Chase and 40 Other US Banks Conducting FedNow Trial Runs: https://dinarchronicles.com/2023/07/02/jpmorgan-chase-and-40-other-us-banks-are-conducting-fednow-trial-runs/
Europe on Brink of Bankruptcy: https://www.zerohedge.com/geopolitical/eu-brink-bankrutpcy-says-hungarys-orban-eu-summit
Ben Fulford: “Currently, around eight financial sectors in the U.S. could be affected if BRICS launch their new currency in the markets.” https://watcher.guru/news/8-financial-sectors-us-affected-brics-launch-new-currency
U.S. sectors that could be impacted by the formation of the new BRICS currency are:
* Banking and Finance.
* Oil and Gas
* Commodities
* Production and Consumption
* Technology
* Tourism and Travel
* The Foreign Exchange Market
Read full post here: https://dinarchronicles.com/2023/07/03/restored-republic-via-a-gcr-update-as-of-july-3-2023/
************
Courtesy of Dinar Guru
yada Fear not! This currency will change because the demands of the budget will require it. It will not and can not operate successfully at 1300-1.
Frank26 Have you picked up the pattern...? We're talking about the national currency of Iraq. Not the program 3-zero punished currency they have. We're talking about the national currency with the new exchange rate that is soon to come to the citizens of Iraq as promised by the CBI and Sudani. This is the vehicle they will use to go international. To float. To trade. To gain value for the Iraqi dinar.
How to Survive CBDCs
The Nomad Capitalist: 7-1-3034
Central bank digital currencies (CBDCs) are digital versions of cash that are issued and regulated by central banks.
As such, they are more secure and inherently not volatile, unlike crypto assets. In this video, Andrew will be sharing his thoughts on Central Bank digital currencies.
There has been a lot of concern among people that CBDCs will give governments unprecedented control over their money. However, Andrew wants to focus on facts rather than fear and discuss what CBDCs really mean for you.
He will also provide insights on how you can protect yourself in this changing financial landscape.
00:00 Introduction
3:13 Fears and Misconceptions
8:09 Ensuring Control
10:11 Importance of Diversification
11:47 The Role of Culture
13:20 Preventing Bank Runs
14:50 Finding Secure Crypto Environments
"Coffee with MarkZ" Monday Morning Chat 7-3-2023
Note From PDK: I will be traveling for the next week or so. I may or may not be able to transcribe Marks Podcasts or they may be later than usual….Be sure to listen to his daily calls for all of his intel and opinions……..Thank you
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….Hope everyone is enjoying the Independence Day weekend!
Member: As Elmer Fudd would say, “Huwway for the Fourth of Juwy!!”
Member: Looking forward to financial independence this week!
Member: We have been waiting so long it’s going to take a while for it to sink in when the RV does happen. Hopefully very soon
Note From PDK: I will be traveling for the next week or so. I may or may not be able to transcribe Marks Podcasts or they may be later than usual….Be sure to listen to his daily calls for all of his intel and opinions……..Thank you
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….Hope everyone is enjoying the Independence Day weekend!
Member: As Elmer Fudd would say, “Huwway for the Fourth of Juwy!!”
Member: Looking forward to financial independence this week!
Member: We have been waiting so long it’s going to take a while for it to sink in when the RV does happen. Hopefully very soon
Member: Well, let’s recap. The budget is approved, the President signed it, it is in the Gazette. Will it be the HCL we are waiting on next? What else? What will be the reason we can’t go this week!!
Member: Mark did you see the videos going around that the RV started in Brazil that’s circulating
Member: What about the supposed pictures of Brazil rolling out nesara/gesara yesterday? Screens in conference room with attendees saying it’s started in Spanish…
MZ: Lots of rumors floating around. But RV news has been quiet. I am hoping mid day today to get some activity from redemption areas, and Reno updates…. I hope to have news by this evening
MZ: From Iraq: “Parliamentary work-no increase in social benefit salaries and 600 thousand families will be included” What they are meaning is –in their budget they are going to increase the salaries for people on disability ect….so they havn’t increased the salaries yet but have added 600 thousand new families….this math does not work without a value change.
MZ: We are watching as they are rolling out their new projects in Iraq and they are going to need the new rate.
MZ: other than that everyone is sitting at the ready…and the anticipation on the banking side as of yesterday they are still expecting some kind of announcement this week….they don’t know what that means as to when we go in….but, they have anticipation. We all hope it is accurate. Boy does everyone need it. I think its highly “doable” and reasonable we see an announcement this week.
Member: The rumor is they are supposed to release the new notes (LD’s) in Iraq tomorrow.
MZ: Yes there are lots of rumors….we knew this would happen….expect ups and downs , roller coasters and rumors.
MZ: Everything will go at the same time….you will not miss this one.
MZ: “Bank of England must stop printing money out of this air” The Bank of England has gone mad- just like the rest of the world. We are starting to see this call all over the world for a return to “sound money”
Member: I heard Operation Sandman might happen this week, possibly today.
Member: Is Dinar value listed on FOREX yet?
Member: if it is…we would all know I assume……..someone would be shouting that news from the rooftops….
Member: Everyone looking for the forex to show the new rate, alot of people saying nit on forex I looked it up it is but rate still 1310
Member: I was at the bank WF last week and they started doing some strange things like tagging a cashier's check through my bank account (depositing then withdrawing it) they said new procedures.
Member: Anyone else think other countries currency is very beautiful and artistic? then the USA currency is so plain? just wondering
Membere: Really hope the new USTN’s are prettier to look at
Member: Mark, huge thanks as always for all you bring to this community.
Member: I hope everyone has a wonderful Joy filled Fourth of July. And let the RV start now.
Member: Remember fireworks terrify pets…..take good care of your fur children
“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
SATURDAY GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
"Tidbits From TNT" Monday Morning 7-3-2023
TNT:
Tishwash: Finance: Banks stop receiving customers for the purpose of the semi-annual inventory
An official source in the Ministry of Finance announced, on Monday, that all banks have stopped receiving customers for the purposes of the semi-annual inventory.
The source told Shafaq News Agency, "Bank credits and facilities will be stopped today for the purposes of applying semi-annual accounts and budgets, and therefore there will be no reception for customers today."
He added, "The banks will resume their work tomorrow, Tuesday," stressing that "the salaries of retirees will not be affected in the event that they are launched by this matter, because they are raised electronically." link
TNT:
Tishwash: Finance: Banks stop receiving customers for the purpose of the semi-annual inventory
An official source in the Ministry of Finance announced, on Monday, that all banks have stopped receiving customers for the purposes of the semi-annual inventory.
The source told Shafaq News Agency, "Bank credits and facilities will be stopped today for the purposes of applying semi-annual accounts and budgets, and therefore there will be no reception for customers today."
He added, "The banks will resume their work tomorrow, Tuesday," stressing that "the salaries of retirees will not be affected in the event that they are launched by this matter, because they are raised electronically." link
Tishwash: Former parliament decision: Passing the oil law is enough to end all the problems of Iraq
Former Parliamentary Rapporteur Muhammad al-Khalidi confirmed, on Sunday, that Iraq's most complex crises would end immediately after the adoption of the oil and gas law.
Al-Khalidi said in an interview with Al-Maalouma, "The oil and gas law is one of the pending legislations since 4 parliamentary sessions due to political differences, and if it is approved, most of the complex problems will end."
He added, "Five important points must be available to proceed with approving the law, the most prominent of which is political consensus, defining export and management mechanisms, the quantities produced from each field, and the powers and "as of the provinces."
Al-Khalidi pointed out that "approving the law according to a consensual formula will be in the interest of everyone without exception and end the dispute between the center and the Kurdistan region."
He continued, "Iraq's dependence on what is known as the rentier economy is a dangerous step in light of the rapid changes in the energy sector, indicating the emergence of solutions regarding the energy file that may push oil prices down at record rates, which constitutes a source of embarrassment for the country's budget, which relies 90% on revenues from the sale of oil link
************
Tishwash: Northrop Grumman Wins $13m Iraq Contract
Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded $13,561,913 modification (P00014) to a previously awarded contract (FA8617-21-C-6237) for contractor logistics support of Iraq's C-172 and C-208 fleets.
The modification brings the total cumulative face value of the contract from $33,031,313 to $46,593,226.
Work will be performed at Balad Air Base, Iraq, and is expected to be completed by June 30, 2024.
This contract involves Foreign Military Sales (FMS) to Iraq. FMS funds in the amount of $13,561,913 are being obligated at time of award. The Air Force Life Cycle Management Center, Legacy Training Aircraft Division, Rapid Acquisition and Sustainment Management Branch, Wright Patterson Air Force Base, Ohio, is the contracting activity. link
************
Tishwash: IBBC welcomes LARSA Security as New Member
From the Iraq Britain Business Council (IBBC):
LARSA Security Services is an Iraqi security company registered in Iraq as a private company under the Iraqi ministry of interior and has obtained license number (164).
LARSA is a pioneer in the field of private security and logistics. With a high level of skill, training, expertise, and infrastructure to assist in all physical security matters for the safety and protection of personnel, buildings, information, supplies and equipment. LARSA offers a wealth of experience providing a complete security solution to high profile clients operating within Iraq, Basra and beyond. LARSA has been awarded membership to the International Code of Conduct Association and adheres to the expected compliance of international private security companies and deploys the most up to date equipment and data in managing the security and safety of our clients.
Alastair Stone, Larsa Chief Operations Officer Says:
"We anticipate great engagement with IBBC's excellent range of members and look forward to getting to know them all and sharing our approach to security for international companies and individuals alike."
Christophe Michels, MD of IBBC says:
"IBBC welcomes Larsa security to our membership, and we look forward to engaging our members with their capabilities and expertise. While security in Iraq is significantly better than in the past, there is still demand for intelligent and well managed security among our international members to ensure they operate smoothly and efficiently throughout all Iraq." ink
Mot: .. with the RV Taking as Long as It Has ...
Mot: . OK! - Witch Do Ya Picks??? !!!! pick a vacation
Excerpts From Geopolitical Evolution: Russia's 'Rebellion' & A Return To Gold-Backed Currency
Excerpts From Geopolitical Evolution: Russia's 'Rebellion' & A Return To Gold-Backed Currency
by Tyler Durden Sunday, Jul 02, 2023 - 06:00 AM
Authored by Alasdair Macleod via GoldMoney.com,
The increasing number of nations seeking to join BRICS brings geopolitics into the spotlight. At the time of writing, existing members, those who have applied to join and those expressing an interest total 36 nations, with over 60% of the world’s population and one-third of global GDP.
Plans for a new trade currency backed by gold appear to be on the agenda for the BRICS meeting in Johannesburg in August. In this article, the geopolitical aspects of its introduction are considered, and the indications that how it will involve gold are discussed. The mechanics of this project are then suggested.
Excerpts From Geopolitical Evolution: Russia's 'Rebellion' & A Return To Gold-Backed Currency
by Tyler Durden Sunday, Jul 02, 2023 - 06:00 AM
Authored by Alasdair Macleod via GoldMoney.com,
The increasing number of nations seeking to join BRICS brings geopolitics into the spotlight. At the time of writing, existing members, those who have applied to join and those expressing an interest total 36 nations, with over 60% of the world’s population and one-third of global GDP.
Plans for a new trade currency backed by gold appear to be on the agenda for the BRICS meeting in Johannesburg in August. In this article, the geopolitical aspects of its introduction are considered, and the indications that how it will involve gold are discussed. The mechanics of this project are then suggested.
The thinking behind a new trade currency
While any announcement about a new trade settlement medium at the BRICS summit in Johannesburg is likely to be preliminary, we can be sure that the legwork has already been done by Sergei Glazyev. Furthermore, various statements by nations prepared to accept settlement in national currencies other than the dollar must be seeing this as a temporary solution, pending more satisfactory payment arrangements. The Saudis accepting Kenyan shillings, or Russia accepting Iranian reals makes no sense on any other basis. Because the current position is temporary, it is time limited.
In an article entitled “Golden rouble 3.0: How Russia can change foreign trade infrastructure”[ii] written for Vedomosti, a Moscow-based Russian business newspaper published on 27 December2022, Glazyev laid out his latest thoughts. Furthermore, it was co-authored by Dmitry Mityaev, who is Assistant Member of the Board for Integration and Macroeconomics of the Eurasian Economic Commission — so this article was not just Glazyev’s musings, and we can assume that it carried official weight in Russia, at least. The article focused on the potential for a gold-backed rouble rather than the new trade settlement medium, but the same logic applies.
From this article, the EAEU currency commission now appears to have dropped the original indicated proposal for a new currency based on a weighted index of participating currencies and commodities entirely, using gold and credit based upon it instead as the principal means of settling trade imbalances. Presumably, the requirement to make payments in the new trade currency could be circumvented if one or more national currencies such as the rouble or renminbi went onto credible gold standards. The implication is that the rouble will readopt a gold standard sometime after a gold-backed trade currency is announced, reviving the gold backing (though not the relationship) that the Soviets operated between 1944 and 1961.
To reinforce the importance of a return to a gold standard, both Russia and the Saudis heading up OPEC+ will be aware of the consequences of the fiat petrodollar regime for their primary export product — crude oil.
In August 1971, when the Bretton Woods agreement was abandoned, crude oil was priced at $3.56 a barrel and the market price for gold was $42.85. Converting this into ounces of gold per barrel gives us a value of 0.0831 ounces. Today, the gold price of oil is 0.036 ounces per barrel, down 57%. In other words, using gold Glazyev can demonstrate that the true cost to OPEC+ of dollarisation has been to more than halve the value of their export revenues since the Bretton Woods agreement was suspended. By accepting a new trade settlement medium tied to gold, this US enforced erosion of oil values will cease. And to compensate for the loss of oil’s value from the ending of Bretton Woods, the gold price in dollars would have to be more than double that of today at over $4,400.
The evidence mounts therefore, that gold provides a framework within which Glazyev intends to operate. That he must be thinking this way has become fundamental to his approach, confirmed by his many references to gold in his article for Vedomosti, to the rouble’s history tied to gold, and to the US’s debasement of petrodollars.
In the UK at least, Russia’s media appears to be censored, so Glazyev’s Vedomosti article (referenced in endnote ii) may not be available to many readers in the west. Therefore, for ease of reference the salient points in the English translation of his detailed article are summarised as follows [with additional commentary in square brackets]:
Read entire article here: https://www.zerohedge.com/geopolitical/geopolitical-evolution-russias-rebellion-return-gold-backed-currency
More News, Rumors and Opinions Sunday Night 7-2-2023
KTFA:
Clare: The Prime Minister directs to hold two sessions of the Council of Ministers during the current week
7/02/2023 Baghdad – conscious
Today, Sunday, the Prime Minister, Muhammad Shia Al-Sudani, directed that two cabinet sessions be held during the current week.
The government spokesman, Basem Al-Awadi, said in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shia’a Al-Sudani directed to hold two cabinet sessions during the current week."
Headded, “The first session will be held next Tuesday, corresponding toJuly 4, while the second session will be held next Thursday, corresponding to July 6,” noting that “this came as compensation forlast week’s session, which was not held due to the blessed Eid al-Adhaholiday, and in order to ensure the continuation of government work.”
KTFA:
Clare: The Prime Minister directs to hold two sessions of the Council of Ministers during the current week
7/02/2023 Baghdad – conscious
Today, Sunday, the Prime Minister, Muhammad Shia Al-Sudani, directed that two cabinet sessions be held during the current week.
The government spokesman, Basem Al-Awadi, said in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shia’a Al-Sudani directed to hold two cabinet sessions during the current week."
Headded, “The first session will be held next Tuesday, corresponding toJuly 4, while the second session will be held next Thursday, corresponding to July 6,” noting that “this came as compensation forlast week’s session, which was not held due to the blessed Eid al-Adhaholiday, and in order to ensure the continuation of government work.”
To follow up on the work of the Council of Ministers without delay or postponement. LINK
Clare: ALLOCATING $6 BILLION FROM SAUDI ARABIA AND THE UAE TO SUPPORT ITS OPERATIONS IN IRAQ
7/02/2023
The Federation of Iraqi Chambers of Commerce announced today, Sunday, that it had reached an agreement with the UAE and Saudi Arabia to form business councils, while noting that Saudi Arabia and the UAE have allocated $6 billion to support its operations in Iraq.
The head of the union, Abd al-Razzaq al-Zuhairi, said in a statement followed by the National News Center: “Iraq must keep pace with the world and form the global trade process, taking into account the standards of the World Bank, and have complete automation in the process of entry and exit of goods,” stressing “the necessity That there be a complete program in customs and ports.
He added, “The first step began with registering data for merchants and registering companies, and this is a great support that we got from the Council of Ministers and the United Nations, and we have reached a good stage.”
And he continued, “Now we have entered the (Swift) stage, meaning that the transfer of money in the world of trade, the importer and the exporter, is known, which will make Iraq one of the developed countries.”
He pointed out that “the federation is among its tasks to establish business councils and conclude agreements, as we reached with Saudi Arabia and the UAE to form business councils, to improve trade with the two countries,” noting that “the desire is not only in trade, but rather in establishing investment projects.”
He explained, “The UAE has put 3 billion dollars in its fund, and Saudi Arabia has also put 3 billion dollars to support its operational operations inside Iraq, whether it is investment or commercial,” noting that “there is a good desire from the two countries to work inside Iraq.”
He pointed out, “The location of Iraq is important, and it is the greatest (transit) region in the world, as the world is reduced to only 9 days from Asia to Europe through the development project, so we are in a positive stage.” LINK
**************
Courtesy of Dinar Guru
Walkingstick [via Frank26] Now that the budget is in the Gazette what’s next? To show the new exchange rate. If the rate is not in the budget remember they can change it at any moment because this budget has already been calculated for the 45 trillion dinar required. IMSO 1300 is not the rate of this budget. What is the rate of the budget? To go from trillions to billions.
Militia Man They’re saying Iraq ranks ninth in the world, that their raw wealth exceeds $15 trillion. That’s massive…And they have a currency exchange rate at 1310? …the Real Effective Exchange Rate is not 1310…this is the first time I ever recall Salih or anybody else come out and say Iraq’s value [$15 Trillion]. What they’re doing to me in my view is they’re supporting they’re going to make a move and they’re giving justification why they can support a Real Effective Exchange Rate.
From Recaps Archives
For Dinar - What you will see on Forex or CBI WHEN IT RVs
$ RATE = What you will see on Forex or CBI
$ .86 = 1.162
$ 1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00 = 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200
$5.25 = 0.190
$5.50 = 0.181
$6.00 = 0.166
$7.00 = 0142
$8.00 = 0.125
$8.25 = .0121
$8.50 = .0117
$9.00 = 0.111
$10.00=0.100
************
“BE CAREFUL! It’s Started…” – Jim Rickards
Grow Dollars: 7-2-2023
Jim Rickards warns that things will never be the same again. He explains that the supply chain is the entire economy and that it will take many years to rebuild.
"Tidbits From TNT" Sunday 7-2-2023
TNT:
CandyKissses: What is the estimated market value of Iraq's wealth?
Information / Baghdad.The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, on Saturday estimated the market value of Iraq's resources and their sequence at the level of the countries of the world.
Saleh said, in a statement to the official agency and seen by the information that "Iraq is one of the most important countries in the world, if not at the forefront of nations rich in natural resources or raw materials within the scope of the International Classification of Resources on Earth."
He added, "Iraq is in the (ninth) sequence among the priority of the countries of the world who possess natural diversity and economic quantities in the capacity of raw material reservoirs that can be manufactured, exported or national industrial use."
Saleh continued: "The circles estimate that the market value of these raw resources in our country may exceed $15 trillion in current value, compared to about $45 trillion for the United States of America, which is (second) globally, and $75." trillion for the Russian Federation, which is (first) globally.
TNT:
CandyKissses: What is the estimated market value of Iraq's wealth?
Information / Baghdad.The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, on Saturday estimated the market value of Iraq's resources and their sequence at the level of the countries of the world.
Saleh said, in a statement to the official agency and seen by the information that "Iraq is one of the most important countries in the world, if not at the forefront of nations rich in natural resources or raw materials within the scope of the International Classification of Resources on Earth."
He added, "Iraq is in the (ninth) sequence among the priority of the countries of the world who possess natural diversity and economic quantities in the capacity of raw material reservoirs that can be manufactured, exported or national industrial use."
Saleh continued: "The circles estimate that the market value of these raw resources in our country may exceed $15 trillion in current value, compared to about $45 trillion for the United States of America, which is (second) globally, and $75." trillion for the Russian Federation, which is (first) globally.
CandyKisses: Iraq achieves $7 billion from oil sales in June
Information / Baghdad.The Ministry of Oil announced, on Saturday, the total exports and revenues achieved for the month of June.
According to a statement of the ministry received by the agency / information / that "according to the preliminary statistics issued by the Iraqi Oil Marketing Company SOMO) the total amount of exports of crude oil (100) million (59) thousand and (52) barrels, revenues amounted to (7.115) billion dollars.
"The statistics indicated that "the total quantities exported of crude oil for the month of June from the oil fields in central and southern Iraq amounted to (98) million and (725) thousand and (620) barrels."
She pointed out that "the quantities exported to Jordan amounted to (299) thousand and (445) barrels, while the exports of Qayyarah were (1) million and (33) thousand and (987) barrels, while the average daily quantities exported reached (3) million and (335) thousand barrels per day.She indicated that "the average price per barrel amounted to (71.11) dollars."
************
Tishwash: After the oil agreement, an expert details a "conditional" mechanism to unify the fuel price between the center and the Region
Gasoline in Kurdistan is 3 times that in Baghdad
An expert in the oil field, Bahjat Ahmed, stressed the need for fuel prices in the Kurdistan region to be identical to their counterparts in other Iraqi provinces. A proposal to send a Kurdish delegation to the capital after the tripartite annual budget was approved.
In his interview with (Baghdad Today), the oil expert confirms that Baghdad is obligated to send oil derivatives to the region after the recent agreement on Kurdistan's share and the commitment of the regional government to hand over its oil.
According to Ahmed, after "reaching an agreement between the two parties, fuel prices in the region should be similar to what they are in Baghdad and other provinces, with the price of one liter of gasoline being 450 dinars."
He notes that "the federal government has stopped sending oil products to Kurdistan since 2015, after budget disputes between the two parties."
More than a year ago, the region witnessed a qualitative boom, with fuel prices doubling, which led to an increase in internal transportation fares, as the price of one liter of regular gasoline reached 850 dinars, and the improved one to 1,000 Iraqi dinars.
As a result, waves of anger formed, calling on the Kurdistan government to reduce prices, but the latter has not responded yet. link
Mot: .. Have a Happy!!!! 4th weekend
Mot: . Sharing Yet Another Awesome ""Tip"" from Mot of Course!!!
"We're Going Off A Financial Cliff" Bill Holter
We're Going Off A Financial Cliff | Bill Holter
Liberty and Finance: 7-1-2023
As interest payments balloon, a US debt default is mathematically inevitable, says former stock broker Bill Holter.
He expects a currency collapse that will destroy the Americans' standard of living. He discusses geopolitical events that could accelerate the crash and concrete ways to prepare for the tough times ahead.
We're Going Off A Financial Cliff | Bill Holter
Liberty and Finance: 7-1-2023
As interest payments balloon, a US debt default is mathematically inevitable, says former stock broker Bill Holter.
He expects a currency collapse that will destroy the Americans' standard of living. He discusses geopolitical events that could accelerate the crash and concrete ways to prepare for the tough times ahead.
News, Rumors and Opinions Sunday Morning 7-2-2023
KTFA:
Clare: An official holiday for Kurdistan banks tomorrow
7/1/2023
The General Directorate of Commercial Banks in Kurdistan Region announced the suspension of official working hours tomorrow.
The directorate said in a statement received by Shafaq News agency, "Tomorrow, Sunday, is an official holiday in all government commercial banks that are affiliated with the directorate."
The statement added, "Banks will be closed to citizens, with the exception of the continuation of full-time employees working in organizing the budget for the first half of the fiscal year 2023." LINK
Turk182: Very Interesting Statement,"Banks will be closed to citizens, with the exception of the continuation of full-time employees working in organizing the budget for the first half of the fiscal year 2023."
KTFA:
Clare: An official holiday for Kurdistan banks tomorrow
7/1/2023
The General Directorate of Commercial Banks in Kurdistan Region announced the suspension of official working hours tomorrow.
The directorate said in a statement received by Shafaq News agency, "Tomorrow, Sunday, is an official holiday in all government commercial banks that are affiliated with the directorate."
The statement added, "Banks will be closed to citizens, with the exception of the continuation of full-time employees working in organizing the budget for the first half of the fiscal year 2023." LINK
Turk182: Very Interesting Statement,"Banks will be closed to citizens, with the exception of the continuation of full-time employees working in organizing the budget for the first half of the fiscal year 2023."
Clare: Adviser to the Sudanese: The government will continue day and night in order to deliver services to the citizen
7/01/2023
The media advisor to the Prime Minister, Hisham Al-Rikabi, confirmed today, Saturday, that the government will continue day and night in order to deliver service to the citizen, and there are stalled projects that will start work on them.
Al-Rikabi said, in a tweet on Twitter: "A night visit to Prime Minister Muhammad Shia'a al-Sudani during the Eid holiday contains a message that the government will continue day and night in order to deliver service to the citizen, and there are many previously stalled projects, work on which will start immediately, especially after the budget is approved." LINK
Ryan1216: I pray the hard work and dedication going towards completing all projects brings forth the new rate very quickly!
************
Courtesy of Dinar Guru
Nader From The Mid East I heard one of the major banks in the United States is gonna go there [ Iraq ]. I'm not gonna say the name because I'm not sure yet. When I'm sure I'll let you know. I heard one of the major bank in the United States it's gonna be in Iraq ...they're gonna open banks in Iraq .
Mnt Goat Parliament is now on recess until after Eid holiday. When they come back the focus is said to be all about two issues. How to solve the budget deficit without borrowing money and to get the Oil and Gas law passed and implemented...Seems now there is a new ignited will to get it done...I will be calling my contact in Iraq CBI and getting the full scoop, I hope, on why we have not seen the reinstatement and project to delete the zeros as they told me it would occur this week sometime. I will be asking if it is the Oil and Gas law holding it up or what? But something is holding it up, obviously.
**************
China has $3 Trillion of Hidden Currency Reserves
Friday, 30 June 2023, 7:00 AM
(Bloomberg) — China is sitting on a $6 trillion pile of money, half of which is “hidden,” and that presents a new kind of risk to the global economy, according to Brad Setser.
A lot of the country’s foreign-exchange reserves don’t show up in the official books of the People’s Bank of China, the former US trade and Treasury official wrote in a report on The China Project, a New York-based news platform. Instead, what can be called “shadow reserves” appear among the assets of entities such as state commercial lenders and policy banks, Setser said.
While official reserves have flat-lined over recent years, the “hidden” variety have likely pushed higher alongside China’s export surplus, he said.
“China’s lack of transparency here is a bit of a problem for the world,” Setser wrote. “China structurally is so central to the global economy that anything it does, seen or unseen, will eventually have an enormous impact on the rest of the world.”
The State Administration of Foreign Exchange didn’t immediately respond to a request for comment.
An example of the influence China’s reserves can have is their role in funding the country’s Belt and Road Initiative, which stemmed from a post financial-crisis push to diversify holdings, according to the former Biden administration trade adviser.
“They are powerful enough of an economic force such that an entire, global, decades-long infrastructure plan was in some ways, just a side effect of a 2009 decision to find new ways to manage China’s foreign exchange,” he wrote. “Well, China is so big an economy – and such an unbalanced economy – that all its activities just have an outsized global impact.”
‘Massive Creditor’
Institutions reporting to the central government probably have closer to $6 trillion in foreign assets, Setser said. That compares with the $3.1 trillion in official reserves SAFE reported at the end of last year, he said.
Setser is now a senior fellow at the Council on Foreign Relations, a New York-based think tank.
The scale of these hidden reserves “highlights an important fact that is often forgotten amid all the talk of China’s domestic debt problems,” he wrote. “Globally China is still a massive creditor, and the weight of China’s massive accumulation of foreign exchange is still felt around the globe.”
Source: MSN
https://dinarchronicles.com/2023/06/30/china-has-3-trillion-of-hidden-currency-reserves/
BRICS Summit 2023: Expectations, Agenda, Goals
Lena Petrova: 7-1-2023
Russia’s War Economy Isn’t Breaking - Here’s The Inconvenient Truth
Sean Foo: 7-2-2023
It's been almost 18 months since the start of the sanctions, but is Russia's economy really collapsing? Or can Putin continue the fight? Here's what you must know about Russia's economic situation and why it might be more resilient than we think.
Timestamps & Chapters:
0:00 Is Russia Really Breaking?
1:58 Russia's Inflation
4:49 The Russian Ruble
6:42 Sponsor - Private Internet Access
8:11 Russian Revenues
12:08 It's All About China & India
14:37 Can Russia Outlast The West?