News, Rumors and Opinions Sunday Morning 7-23-2023
New BRICS Currency Boosts Gold & Destroys Dollar – Jim Rickards –
Greg Hunter's USAWatchdog.com
Seven-time, best-selling financial author James Rickards predicted in his most recent best-seller called “Sold Out” why broken supply chains would cause big inflation. He was right, and he still contends, “Supply chain problems and inflation are not over.”
For an example of the supply chain still being in fragile shape, look no further than the failed grain deal between Ukraine and Russia last week. Rickards points out, “Putin has been very patient about this. He had a deal. Ukraine was not living up to their end of the deal. Putin says we are the ones getting attacked, so, screw the deal. What’s that going to do to the price of grain? It’s going to send grain prices up, and it’s already up 10% just in a matter of days.”
This brings us the new BRICS gold-weighted currency (Brazil, Russia, India, China, South Africa) that might be announced in the middle to the end of next month.
New BRICS Currency Boosts Gold & Destroys Dollar – Jim Rickards –
Greg Hunter's USAWatchdog.com
Seven-time, best-selling financial author James Rickards predicted in his most recent best-seller called “Sold Out” why broken supply chains would cause big inflation. He was right, and he still contends, “Supply chain problems and inflation are not over.”
For an example of the supply chain still being in fragile shape, look no further than the failed grain deal between Ukraine and Russia last week. Rickards points out, “Putin has been very patient about this. He had a deal. Ukraine was not living up to their end of the deal. Putin says we are the ones getting attacked, so, screw the deal. What’s that going to do to the price of grain? It’s going to send grain prices up, and it’s already up 10% just in a matter of days.”
This brings us the new BRICS gold-weighted currency (Brazil, Russia, India, China, South Africa) that might be announced in the middle to the end of next month.
Rickards calls one unit of currency a “BRIC.” This is a competitor to the U.S. dollar, but Rickards says, “It’s not a reserve currency. . . .I think it may be 8 grams of gold to one “BRIC” (currency), but I don’t know. What I do know is it does not matter. What does matter is they are going to anchor it to a weight of gold. . . . It’s NOT redeemable in gold, it is anchored to it. . . .
Let’s says a “BRIC” is worth one ounce of gold. Today that is $1,970 per ounce, except the “BRIC” is NOT anchored to the dollar. It is anchored to gold, which stands in the middle of this equation. So, the dollar price of gold is going to be going up and down all the time, which means the dollar/“BRIC” exchange rate is going to be going up and down all the time. They don’t have to defend the “BRIC.” They have gold, but they don’t have to back it up with gold. . . . They actually don’t need any gold. . . .
If you have made your currency anchored to gold . . . do you want the price to go up or down? You want the price of gold to go up because that means the “BRIC” is worth more dollars, and the dollar is crashing.
It’s a way to destroy the dollar.
You don’t need dollars and you don’t need gold. You just need to be smart enough to anchor your currency to gold, and when dollar inflation starts to go up, your currency is going to be worth more because of how you pegged it, not to dollars, but how you pegged it to gold.”
Rickards goes on to say, “So, if I were a BRICS member, and I were Russia in particular, and I had this currency tied to gold, and I wanted my currency to be more valuable and your currency (U.S. dollar) less valuable, one of the ways to do that is mess with the supply chain and drive up the price of oil, gasoline, grain . . . which drives up pork prices and chicken prices, and the list goes on. That’s one way to do it.”
Rickards also talks about deflation this year and big inflation coming after that. Rickards is predicting big inflation coming for people using dollars, and with his track record, you would be a fool to bet against his analysis.
There is much more in the 52-minute interview.
https://rumble.com/v31mszk-new-brics-currency-boosts-gold-and-destroys-dollar-jim-rickards.html
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Courtesy of Dinar Guru
Mnt Goat I know we are right at the cusps of this event happening. I know for a fact that Iraq is now a full member of the WTO yet they hold back the news and officially announcing it. Why? Could it be they want Iraq to coordinate this event with the reinstatement of the dinar?
Frank26 Article Quote: "The parallel price means the exchange rate of the dollar in the market...and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers." What...when? They don't have to tell you when. They don't have to tell you
nothing. But all of a sudden...this exchange rate comes out of nowhere like Godzilla coming out of the ocean and surprising with a big roar, 'Our official exchange rate is 1132.' No it's not. You've been telling everybody it's 1320...If you remember, I told you I was hoping they would get this down to 1100 or to around 1000. In that way we can just drop the zeros and we're at 1 to 1.
China’s DONE With The Dollar - US Treasury Dump Just Got Worse
Sean Foo: 7-23-2023
China's treasury dump isn't stopping as relations with the United States continue to break down. We have hit a 13-year low in China's US bond holdings.
However, this won't stop as China has two clear avenues in using their dollar assets, which means they will keep selling off their debt. Here's what you must know about this bond dump and how it will affect the global economy.
Timestamps & Chapters:
0:00 Treasury Dump Not Stopping
2:29 Why Is China Dumping Treasuries?
5:23 China's Gold Rush
8:40 Building A New Economic Order
12:11 America's Borrowing Too Much
14:46 Sovereign Debt Crisis Coming
Alasdair Macleod: BRICS To Establish Power Base Trading Block For The World!
Alasdair Macleod: BRICS To Establish Power Base Trading Block For The World!
Good as Gold Australia: 7-22-2023
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview Head of Research at GoldMoney, Alasdair Macleod.
South Africa is to host the 15th BRICS Summit at the Sandton Convention Centre in Sandton, Johannesburg from 22 - 24 August 2023.
This is a big event, with potentially huge ramifications, and yet, mainstream media has failed once again to bring it to the attention of the unsuspecting amd unprepared world.
Five additional countries, including Saudi Arabia, responsible for the Petrodollar and consequently, the dominance of the US Dollar since 1973 are ready to register with BRICS and another 31 countries to follow.
Alasdair Macleod: BRICS To Establish Power Base Trading Block For The World!
Good as Gold Australia: 7-22-2023
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia interview Head of Research at GoldMoney, Alasdair Macleod.
South Africa is to host the 15th BRICS Summit at the Sandton Convention Centre in Sandton, Johannesburg from 22 - 24 August 2023.
This is a big event, with potentially huge ramifications, and yet, mainstream media has failed once again to bring it to the attention of the unsuspecting amd unprepared world.
Five additional countries, including Saudi Arabia, responsible for the Petrodollar and consequently, the dominance of the US Dollar since 1973 are ready to register with BRICS and another 31 countries to follow.
That's over 60% of the world's GDP and 64% of the world's population preparing to dump the US Dollar.
China is concerned about the US's 'Pump & Dump' operation, impacting on and potentially dismantling it's allies, and are planning to stop the weaponisation of the US Dollar against its trading partners.
The BRICS nations policy is clear - 'stick together' and revert to sound money.
What happens to the trillions of US Dollars and out of favour currency in circulation and how long will it take for the 41 countries to be admitted to BRICS.
Finally, how will this expansion of BRICS impact on the global economy, the US Dollar and Gold? Now more than ever before, it's important to own gold!
Ecconomic Thoughts from Heresy Financial and Lynette Zang 7-22-2023
The US Sovereign Debt Crisis has Begun
Heresy Financial: 7-21-2023
We all know that Rome was not built in a day, but it did not fall in a day either. The truth is the collapse of empires is rarely swift. In fact, most often in world history, the failure of a global power takes, at minimum, years, most often decades, and sometimes, as in the case of Rome, centuries.
But the fall of a great regime is always triggered by a fiscal crisis, specifically a sovereign and debt crisis.
When the out-of-control spending must continue to increase to pay for the over-indebtedness, the over-indebtedness must then continue to increase to fund the out-of-control spending. And unfortunately, this is the exact position that the United States finds itself in today.
The US Sovereign Debt Crisis has Begun
Heresy Financial: 7-21-2023
We all know that Rome was not built in a day, but it did not fall in a day either. The truth is the collapse of empires is rarely swift. In fact, most often in world history, the failure of a global power takes, at minimum, years, most often decades, and sometimes, as in the case of Rome, centuries.
But the fall of a great regime is always triggered by a fiscal crisis, specifically a sovereign and debt crisis.
When the out-of-control spending must continue to increase to pay for the over-indebtedness, the over-indebtedness must then continue to increase to fund the out-of-control spending. And unfortunately, this is the exact position that the United States finds itself in today.
Timecodes
0:00 Bankruptcies Now vs Then
0:50 The Deficit
5:04 The National Debt
7:06 The Debt Interest Rates
11:49 Reverse Repo
18:15 What Happens Next
It's Not Just the U.S. Dollar...It's the Death of Everything Warns Lynette Zang
Stansberry Research: 7-21-2023
The U.S. dollar has been under attack this year as foreign adversaries have shifted away from the currency in an effort to unseat the dollar's status as the world's reserve currency.
Today, Daniela sat down with Lynette Zang, chief market analyst for ITM Trading. Lynette argues that the U.S. dollar is on a path toward losing its status as the king of global currencies.
She says, "There is absolutely zero doubt in my mind that the U.S. dollar is losing its position as the world's reserve currency, but I don't really think that it will be a BRICS currency, any individual country, or a smaller group of countries that would take over that role.”
Lynette also believes a recession is inevitable as the impact of the Fed's aggressive rate-hike policy gradually sets into the economy. "We are just now starting to experience the lag effects of those rapid rate rises that came in 2022 through Q1 2023.
We haven't yet fully felt the impact,” she asserts. Lynette concludes by encouraging investors to explore the precious metals space in order to uncover safe-have assets. "There are opportunities, but you need to be in the right place at the right time holding the right asset so you can have that wealth transfer your way for a change,” she explains.
00:00 Lynette Zang introduction
3:01 The latest on a BRICS currency
5:30 "We will see a gold backing again"
7:27 Countries starting to bring their gold back home
9:41 U.S. dollars' "best days" are numbered
12:41 Fed's battle with market confidence
14:07 Yield curve is a recession warning
15:16 Is the banking crisis over?
18:43 Lynette's advice to investors
"Tidbits From TNT" Saturday 7-22-2023
TNT:
CandyKisses: ICT Minister: We are Working to Complete the Procedures for Iraq's Accession to the Digital Cooperation Organization
Economy News _ Baghdad
Minister of Communications Hiam Al-Yasiri confirmed on Friday work to complete the procedures for Iraq's accession to the Digital Cooperation Organization.
According to a statement by the Ministry of Communications received by Al-Eqtesad News, "Al-Yasiri met via video conference with the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, and discussed with her the completion of the procedures related to Iraq's accession to the Digital Cooperation Organization and the services that the organization can provide to Iraq in the field of digitization."
TNT:
CandyKisses: ICT Minister: We are Working to Complete the Procedures for Iraq's Accession to the Digital Cooperation Organization
Economy News _ Baghdad
Minister of Communications Hiam Al-Yasiri confirmed on Friday work to complete the procedures for Iraq's accession to the Digital Cooperation Organization.
According to a statement by the Ministry of Communications received by Al-Eqtesad News, "Al-Yasiri met via video conference with the Secretary-General of the Digital Cooperation Organization, Dima Al-Yahya, and discussed with her the completion of the procedures related to Iraq's accession to the Digital Cooperation Organization and the services that the organization can provide to Iraq in the field of digitization."
Al-Yasiri stressed that "Iraq seeks to be an active member of the organization, which is one of the specialized organizations concerned with advancing the reality of communications and informatics and transferring advanced expertise to the countries organizing it, which contributes to strengthening digital cooperation between these countries."
For her part, the Secretary-General of the Digital Cooperation Organization expressed her "great welcome to Iraq's desire to join the organization," stressing that "the organization will support Iraq in its efforts for digital transformation, e-governance, investments in the digital field, and benefiting from international expertise and experiences in this field
Tishwash: With the exacerbation of the dollar crisis.. Parliament hosts the central governor
The House of Representatives intends to host the Governor of the Central Bank, Ali Al-Alaq, and the Minister of Finance, Taif Sami, during the current week, to find out the reasons for the lack of control over the parallel exchange rate.
The parallel price means the exchange rate of the dollar in the market and exchange offices, and not the official rate set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers.
The exchange rates of the US dollar against the Iraqi dinar rose in Baghdad markets, after Washington imposed sanctions on 14 Iraqi banks, to reach 152 thousand dinars per hundred dollars yesterday, Friday.
Member of the Finance Committee, Representative Mueen Al-Kadhimi, said in a press statement: "The government tried to control the exchange rate, by reducing the dollar from 145 to 130, and was able to provide remittances to countries to which remittances can be sent."
Al-Kadhimi added, "However, there are other countries from which Iraqi merchants import, and US sanctions prevent sending these remittances, forcing these merchants to obtain dollars from the parallel market."
He explains, "Which leads to the dollar's price remaining high in this market, and the recent measures of the US Federal Reserve not to deal with a number of private banks had an impact on the rise in the dollar's price."
Regarding the procedures of the Finance Committee in this regard, Al-Kazemi confirms, "There will be a hosting of the Governor of the Central Bank and the Minister of Finance this week, to find out the real reasons for the inability to control the parallel price."
For his part, the specialist in economic affairs, Dr. Ahmed Al-Rawi, told Al-Sabah that “the approval of the current budget with large allocations for spending will lead to an increase in demand for the dollar, and despite the central bank’s measures to mitigate the official price difference from the parallel, all these measures only affect a few percentages in this difference. ink
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Tishwash: US sanctions confuse Iraq's finances, suggesting a "scarcity" of the dollar and a new crisis
The decision of the US Treasury Department to impose new sanctions on 14 Iraqi banks, months after imposing similar sanctions on 4 important banks due to financial dealings with Iran and others related to money laundering operations, caused a rapid reaction inside Iraq, as it led to a decline in the value of the dinar against the dollar, along with the influx of depositors to the punished banks to withdraw their money deposited in dollars.
And the Iraqi dinar on the Baghdad and Erbil stock exchanges recorded a sharp decline by 1520 dinars per dollar, after it was between 1450 and 1460 dinars on Wednesday. The Wall Street Journal, on Wednesday, quoted US officials as saying that the United States had prevented 14 Iraqi banks from conducting transactions in dollars.
The newspaper's report stated that the ban, imposed by the Treasury Department and the Federal Reserve Bank, is part of "a comprehensive campaign against the transfer of US currency to Iran."
The newspaper added that the United States revealed information that Iraqi banks were involved in money laundering and fraudulent transactions, some of which may have involved sanctioned individuals, and raised concerns that Iran might benefit from these transactions.
Local penalties
An official source in the Central Bank of Iraq said, “The bank’s management has officially received the imposition of US sanctions on a number of banks, which included each of the Islamic Advisor Bank for Investment and Finance, Al-Qartas Islamic Bank for Investment and Finance, Taif Iraq Company, Elaf Bank, Erbil Bank for Investment and Finance, International Islamic Bank, Trans-Iraq Bank, Mosul Bank for Development and Investment, Al-Rajih Bank, Sumer Commercial Bank, Trust International Islamic Bank, Ur Islamic Bank, Islamic World Bank for Investment and Finance, Zain Iraq Islamic Bank for Investment and Finance.
And the source continued: "The central bank administration worked to stop all transactions in dollars with those banks and prevent them from entering the currency auction on Thursday."
And the source, who asked not to be named, indicated that the penalties are local, pointing out that the latter "will not stop all of these banks' work, but will only prevent them from dealing in dollars, while other banking operations will not be affected by the imposed penalties, especially since those banks have bank accounts for citizens worth billions of dinars, and those banks also have many employees' salaries that are localized in them, so these businesses will continue normally."
He added, "Imposing US sanctions on 14 Iraqi banks will have a significant impact on the Iraqi economic and financial situation, and these sanctions will have repercussions on raising the exchange rate of the dollar in the local market. Preventing these banks from dealing in dollars will cause a new scarcity in the US currency, and there will be a new resort to buying the dollar and withdrawing it from the market, which raises its value."
The official source in the Central Bank of Iraq concluded, "According to information received from the US Treasury, there is another group of Iraqi banks that may be subject to sanctions during the coming period, due to monitoring their illegal activities in sending currency to Iran, especially since money transfers in dollars are all closely monitored by the US Treasury and the US Federal Bank."
Gradual rise
For his part, a member of the Finance Committee in the Iraqi parliament, Mustafa Al-Karawi, said, "Great economic repercussions will be witnessed by the Iraqi financial market, due to the imposition of sanctions by the United States on a number of banks, including the rise in the exchange rate of the dollar, which witnessed a rapid rise a few hours after the imposition of those sanctions."
Al-Karawi warned that "the rise in the exchange rate of the dollar will not stop and there will be a gradual rise every day, and this matter requires a real government stance and measures to address this matter, which could turn into a cash crisis like the one that occurred during the past months with the beginning of the formation of the new government, and this matter requires Iraqi diplomatic movement towards the US Treasury and the US Federal Reserve."
He added, "The Finance Committee in the Iraqi parliament will work to host the responsible figures and authorities in the Central Bank, to discuss the repercussions of imposing sanctions on a number of private Iraqi banks, and to find out what the bank's procedures are to address the significant increase in the exchange rate in the local market."
On the other hand, Mustafa Akram Hantoush, an expert in financial and economic affairs, told Al-Araby Al-Jadeed that “the imposition of US sanctions will restore the crisis of a significant increase in the exchange rate of the dollar in the local market. It will also have an impact on the reputation of the Iraqi banking sector in front of the international community. These sanctions confirm the involvement of these banks in acts that violate international laws.”
And Hantoush indicated that "the imposition of US sanctions on some banks confirms the lack of Iraqi control by the Central Bank on the work of the sector, in contrast to the US control over the work of banks, which indicates the difficulty of removing any dollar from Iraq towards the US-sanctioned countries, led by Iran."
Not the last
Hanoush stressed that "US sanctions against Iraqi banks are not the first, and most likely will not be the last, and this matter requires an Iraqi government position to stop the sanctions on the remaining local banks, and monitor the work of banks regarding preventing dealing in dollars with Iran, Syria, Lebanon and Russia."
In turn, an official at Elaf Bank, one of the banks included in the US sanctions list, said that the bank had received a notice banning its dealings in dollars, stressing in a phone call that "the banks will continue to operate in the local currency," refusing to comment on the US decision regarding the involvement of the sanctioned banks in "suspicious" financial transactions.
And the Iraqi financial expert, Ahmed Al-Janabi, considered that the private banks had failed to implement the Central Bank's instructions, and had become a burden on the Iraqi economy. Pointing out that there are several reasons for the failure of these banks, most notably their reliance on quick profits in the currency auction, without significant financial risks, their inability to attract and develop deposits, and the failure to achieve investment goals due to the failure of private banks to attract real capital and employ them in the economic fields.
Despite the Iraqi government's approval of a package of financial measures, the most prominent of which was fixing the exchange rate of the Iraqi dinar at 1,320 dinars against one dollar, despite the fact that several months have passed since this decision, the difference is still large between the official exchange rate approved by the Central Bank of Iraq and the parallel market. link
Mot: .. and How Bout YOU!!!????
Mot: ... I Had to LOL on This un!!!
News, Rumors and Opinions Saturday Morning 7-22-2023
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.
Restored Republic via a GCR: Update as of Sat. 22 July 2023
Compiled Sat. 22 July 2023 12:01 am EST by Judy Byington
Judy Note:
As of Thurs. 20 July FedNow was up and running on the new Global Financial System. The payment system offered instant, round-the-clock ability to issue a paycheck or pay an invoice. So far 35 banks including JPMorgan, Wells Fargo and BNY Mellon have signed up to use the Federal Reserve’s ‘FedNow’ instant payment system. https://www.axios.com/2023/07/20/federal-reserve-fednow-payment
As of Fri. 21 July Redemption Centers were on High Alert awaiting liquidity of the Global Currency Reset.
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.
Restored Republic via a GCR: Update as of Sat. 22 July 2023
Compiled Sat. 22 July 2023 12:01 am EST by Judy Byington
Judy Note:
As of Thurs. 20 July FedNow was up and running on the new Global Financial System. The payment system offered instant, round-the-clock ability to issue a paycheck or pay an invoice. So far 35 banks including JPMorgan, Wells Fargo and BNY Mellon have signed up to use the Federal Reserve’s ‘FedNow’ instant payment system. https://www.axios.com/2023/07/20/federal-reserve-fednow-payment
As of Fri. 21 July Redemption Centers were on High Alert awaiting liquidity of the Global Currency Reset.
July 27 Restart of Planet Earth with NESARA/GESARA: https://www.rumormillnews.com/cgi-bin/forum.cgi?read=203287
Global Currency Revaluation of 127 Countries of the World:
On Tues. 18 July monies began flowing out of Zurich; the Iraqi Budget with the new Dinar Rate in it was released to the Iraqi Provinces and funds were positioned for distribution; Paymasters were given liquidity and Whales were beginning to be paid. As of Sat. 21 July some Whales had been paid, some had not, all could see monies in their accounts and all were under NDAs.
On Wed. 19 July the Iraqi budget with the new Dinar Rate in it was implemented in all Iraqi Institutions.
On Thurs. 20 July the Global Quantum Financial System officially launched the ‘FedNow Instant Payment System,’ while therefore Tier 4b(Us, the Internet Group) could expect notification at any time.
Thurs. 20 July TNT Tony, RubixQ on Telegram: Multiple sources have reported that disbursements have been completed this week and everything was now done.
Thurs. 20 July Bruce: as of Fri. 20 July Redemption Centers were on high alert. Tier4b (Us, the Internet Group) notifications should come sometime between Fri. 20 July to Sun. 23 July. On Wed. 19 July Paymasters were authorized to send emails out to Bond Holders telling them that they had access to their funds (on an unknown date).
On Sun. 23 July all financial changes was expected to complete.
The last week of July US citizens would receive restoration allowances that paid them back illegal interest given to the Cabal, plus SS payments would increase.
On Wed. 23 August the new gold/asset-backed Quantum Financial System would be made public.
Read full post here: https://dinarchronicles.com/2023/07/22/restored-republic-via-a-gcr-update-as-of-july-22-2023/
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Courtesy of Dinar Guru
Walkingstick Iraq has a tendency to get in its own way. That's a fact of Iraq life, of the Middle East life. But the reforms point only one way - a new exchange rate because everything waits for a new exchange rate. It's that simple.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Iraq is on the verge of urban renaissance upon implantation of the budget. This is on our news. FRANK: You think a program rate...a sanctioned toilet paper valued program rate currency is going to take them into the renaissance? I mean how many ways can Sudani encourage the citizens of Iraq, 'It's coming.'
Many BRICS Citizens Are Already on Their Own Gold Standard
SD Bullion: 7-22-2023
Lots of bullion-related headlines and data this week confirming a few things we knew and a few other details we did not.
Nowhere in these articles is there a mention that the BRICS, with perhaps ongoing help from the Bank for International Settlements, is likely headed into a new world trade settlement order, where the bilateral balance of trade between nations can and will likely occur increasingly in time without fiat US dollars as an intermediary. Instead of using their respective currencies to settle, be it through oncoming m-CBDC systems or other trade settlement agreements BRICS and BRICS associated may implement in the future.
The monetary precious metals spot price markets in fiat US dollar terms traded in mixed but still somewhat bullish fashion this week.
The spot silver price rallied through the week only to get capped Wednesday going into Thursday, finishing this week just below $25 oz in fiat US dollars.
The spot gold price closed slightly up above $1960 oz bid, as it too sold off yesterday following a near $2,000 oz reaching rally late Wednesday into Thursday overnight.
The spot gold-silver ratio finished just below 80 for the week.
Does The Dollar Have Competition? | Rick Rule
Liberty and Finance: 7-22-2023
Legendary investor Rick Rule discusses the importance of having liquidity in both U.S. dollars and gold. He argues liquidity provides the opportunity for investors to deploy their capital if a liquidity squeeze occurs.
Also, if a new reserve currency is issued by the BRICS nations, does it pose a threat to the US dollar? If it is a wholesale trade mechanism truly backed by gold, it would be able to chip away at the US dollar's privileged status, Rule notes.
INTERVIEW TIMELINE:
0:00 Intro
3:00 Dollar decline
10:20 Buying method
13:10 Metals demand
17:45 Battle Bank
19:36 Credit unions vs banks
More News, Rumors and Opinions Friday PM 7-21-2023
TNT:
Harambe: Vietnamese banks prove attractive to foreign investors | Vietnam+ (7/21/23)
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
The Southeast Asia Commercial Joint Stock Bank (SeABank, coded SSB) has revealed a plan on the private placement of nearly 95 million shares, equivalent to 4.63% of its current shares and over 3.7% when the placement is completed, to a professional stock investor expected to be the Norwegian Investment Fund for Developing Countries (Norfund).
SeABank said the offering price will be not lower than 12,861 VND (over 0.5 USD) per share, which was stated in the audited 2022 separate financial statement, and the highest price is expected at 37,032 VND per share. The bank is set to collect a minimum of more than 1.2 trillion VND and a maximum of over 3.5 trillion VND from this deal.
TNT:
Harambe: Vietnamese banks prove attractive to foreign investors | Vietnam+ (7/21/23)
A number of Vietnamese banks are grabbing interest of foreign investors who are major banks or financial groups.
The Southeast Asia Commercial Joint Stock Bank (SeABank, coded SSB) has revealed a plan on the private placement of nearly 95 million shares, equivalent to 4.63% of its current shares and over 3.7% when the placement is completed, to a professional stock investor expected to be the Norwegian Investment Fund for Developing Countries (Norfund).
SeABank said the offering price will be not lower than 12,861 VND (over 0.5 USD) per share, which was stated in the audited 2022 separate financial statement, and the highest price is expected at 37,032 VND per share. The bank is set to collect a minimum of more than 1.2 trillion VND and a maximum of over 3.5 trillion VND from this deal.
Saigon - Hanoi Commercial Joint Stock Bank (SHB, coded SHB) is also attracting foreign investors. Reuters recently cited its private source as saying that SHB is preparing to offer 20% of its shares’ value to a strategic partner. The names of the parties concerned have not been disclosed, but some information sources said several potential investors from the Republic of Korea and Japan have had meetings with SHB.
The value of this deal is hope to stand at 2 - 2.3 billion USD, and the transaction will be completed in 2023 or early 2024 after getting approval from the State Bank of Vietnam (SBV).
Foreign investors’ ownership of SHB is just around 7% at present, much below the ceiling limit of 30% set by the SBV. This is considered a promising opportunity for foreign investors.
Earlier, SHB finished the transfer of 50% of the charter capital of its SHB Finance Co. Ltd to Thailand’s Bank of Ayudhya Public Co. Ltd (Krungsri), a strategic member of the MUFG group of Japan, after over one year since SHB and Krungsri signed a capital transfer contract. The two sides will continue transferring the remaining 50% after three years as stated in the contract.
Krungsri once said that it would spend 5.1 billion THB (156 million USD) on this transaction.
The stocks of SSB and SHB have also been listed in the basket of VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on the Ho Chi Minh Stock Exchange (HoSE). Insiders said the presence in the VN30 basket will enhance these stocks’ attractiveness and values even further.
Meanwhile, more than 1.19 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank, coded VPB) will be offered through a private placement to Sumitomo Mitsui Banking Corporation (SMBC) of Japan’s Sumitomo Mitsui Financial Group, Inc (SMFG). They equal over 17.73% of VPBank’s current shares and 15% when the placement is completed.
The transaction will be made in the third or fourth quarter of 2023 after the SBV approves and the State Securities Commission confirms its reception of all necessary papers.
With a planned offering price of 30,159 VND per share, VPBank hopes to gain more than 35.9 trillion VND (1.5 billion USD) and raise its charter capital by over 11.9 trillion VND. This deal will set a new record in transaction value in the banking sector.
Likewise, leaders of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Lien Viet Post Joint Stock Commercial Bank (LPBank), and Nam A Commercial Joint Stock Bank (Nam A Bank) said their banks are planning to increase charter capital by selling shares to foreign investors.
Nguyen Quoc Hung, Secretary General of the Vietnam Banks Association, said with rich experience, foreign banks and financial groups will make consideration before pouring money so as to ensure profitability and improve the governance capacity of domestic credit institutions.
Many banks have reached or almost reached the ceiling limits of foreign ownership. However, others still have low foreign ownership rates such as SeABank, Nam A Bank, Bac A Bank, BVBank, and KienLongBank. This is one of the factors making Vietnamese banks more attractive to foreign investors, he opined.
https://en.vietnamplus.vn/vietnamese-banks-prove-attractive-to-foreign-investors/259757.vnp
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Courtesy of Dinar Guru
Militia Man We've been waiting for and are still waiting for the 2023-2024 budget to have allocations to pay for things and to get projects started...we have to see if Sunday is one of those days that subsequently presents itself for them to expose things/roll out process.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying the oil and gas law need to include the decision of the federal court. FRANK: There it is again. Notice that the HCL is the key to the budget. Notice that the budget is the key to the new exchange rate. It is also the key for Iraq to stop depending on other countries for energy...
The banks send a letter to the cbi to make the dinar stronger
Nader: 7-21-2023
Rafi Farber: Is Money Supply About to Explode Higher
Arcadia Economics: 7-21-2023
The rally in silver is now in its fourth week and we're all wondering where and when the pullback is going to start.
It should be soon, given that silver's open interest has rocketed from 113,000 to now just over 150,000 since June 29. That's 37,000 contracts opened in less than a month.
But while speculation is hot on the silver futures market, it's dead in the silver ETFs, as SLV has liquidated about 13 million ounces since this rally began, indicating negative retail interest in paper silver.
In banking system news, reverse repo money from 2021 continues to flood into the Treasury's bank account. Money supply could really climb fast once the Treasury spends all that into the economy.
Bruce’s Big Call Dinar Intel Thursday Night 7-20-23
Bruce’s Big Call Dinar Intel Thursday Night 7-20-23
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Thursday, July 20th and you're listening to the big call. Thanks for tuning in wherever you are around the globe. We love to have you here and we love spreading the information that we have and spreading the good news of Jesus Christ, and letting everybody know what the status is. We're glad to have Bob back on the call after his trip from Costa Rica, and we look forward to hearing more about that conference that he was on. So thank you, everybody for listening -
Tonight guys - this is a strange one, because we do have some information, and some Intel that lends us an opportunity to think where we really are.
Bruce’s Big Call Dinar Intel Thursday Night 7-20-23
Transcribed By WiserNow Emailed To Recaps
Welcome everybody to the big call tonight. It is Thursday, July 20th and you're listening to the big call. Thanks for tuning in wherever you are around the globe. We love to have you here and we love spreading the information that we have and spreading the good news of Jesus Christ, and letting everybody know what the status is. We're glad to have Bob back on the call after his trip from Costa Rica, and we look forward to hearing more about that conference that he was on. So thank you, everybody for listening -
Tonight guys - this is a strange one, because we do have some information, and some Intel that lends us an opportunity to think where we really are.
We've had this thing come and go -. So this moving Target's been moving. There appeared to be a couple of things - That one thing that is not a factor, but I bring it up because the information is out on the blog. So the BRICS nations have an announcement that they're moving from this month to the end of August, somewhere in the 23rd or 27th. I believe it was of August about the gold backed currencies that are part of the BRICS consortium.
And I understood today there were two countries that were held up in joining because of their status on that they wanted to be part of the BRICS, but for some reason they were not quite qualified to be on in a consortium yet, but believe it will be rectified
Now. I'm bringing it up, but it has nothing to do with the RV and us going or our numbers is a separate related, somewhat related topic – just in case - If you're thinking that might have something to do this, it does not.
Now, we obviously are in a position where we love hearing news about the United States, USN - our actual new asset backed - primarily gold, but asset backed currency - Now digitally, we're trading our USN on the screens – Iraq has been trading their dinar – their new what I call new Iraqi Dinar - on the screens – and so with a lot of other countries. And also they have it on what's called the ATX Forex the assets that is asset backed Forex.
This is a separate for a number of nations that are considered fully asset backed that are trading between one another on their currencies. So we sometimes use the term ATX Forex, at FX actually AT FX being traded alongside the Forex - And that's good to know.
The other thing is from what we can tell, redemption centers have been ready to go for quite some time. quite some time. The people are trained, They've gone in for conference calls. they've had schedules of the appointments. They've had their personnel staff being able to come in over a period of time blah blah blah, all of that’s cool, but we've been told today, and some of the intel is like an hour and a half old.
We've been told that the redemption centers are now on high alert as of tomorrow, which is Friday. And the information we have from another source directly connected to the process is that we should be there for our notifications tomorrow, and Sunday. Well that's the weekend, Friday, Saturday or Sunday.
We could get notified anytime within that period. The bondholders which we key on a lot - the bondholders, we understand have received their paymasters have said they have the green light Yesterday, the 19th of July, The paymasters had the greenlight to send out emails to their bond sellers that they have access to funds. They have access to their funds
Now we don't have confirmation that they have been received or that they have access to funds now - that email might have given them we haven't seen email yet. but the email might have said you have access to funds tomorrow, which would have been today the 20th – or the 21st
We don't know I haven't been able to get a confirmation that before this call tonight. So - but we understood that they were supposed to get that email yesterday from the paymasters of those bond sellers.
Now, we'll just take that for what it’s worth - the funds that are moving for us, and for the bondholders are in place at the banks. They did disseminate the funds from Treasury to have them available for us to go in for exchanges and also for the redemption of zim and our understanding is that everything, as far as we know is ready
Now What could be holding this up – we’ve talked about a political change that needed to take place – our understanding is that maybe the case that political change in the administration may need to happen by today at three o'clock. I don't know that that happened.
But that political change may need to take place completely before this is released to us. The longer we wait and the longer everything seems to be ready or in process of being ready the more it appears that that needs to take place. So I would not doubt it at all.
So I'm looking forward to the political change taking place for us to get our email releases for me to get the toll free numbers, which I'm supposed to get and I'll be able to put it out at least two or three ways, one – I’ll be able to have it when I get which I don't yet – will put it on our website, which is big call universe COMM
And we will do an email blast to everybody that we have email registration for if you've registered on the call universe comm with your email to receive the 800 number - we'll send out an email blast which will include that number. I know that I'm supposed to be able to do that. I supposed to be able to text it to a few people which I may not do because voice to text is not as reliable.
And of course I'll be able to I would be able to put it out live on the big call if I had it.
Now here's the dilemma. Oh sure. We'd love to do a celebration call. I'd love to put out the number live on the call, although that would be fine. But our next call isn’t until next Tuesday if we had it all. And my plan is to not do a call Tuesday. But to just get you guys what you want, which is the number so that you can call the call center and get routed to the redemption or in your zip code or in the zip code that you choose.
When you enter your information I'm assuming it's going to be on a dial pad as you enter that basic information about the currency you have. This is I don't know this but what if it says press one for zim press two for dinar etc.
So you should be able to enter that information and then of course, enter your five digit ZIP code. It could be the zip wherever you work, if you want to do if you know that there's a redemption center in that area, or it could be one where you live if you know there's one nearest - either way whatever zip code you enter, they're going to connect you either a direct link to the redemption center where you literally are connected directly and speak to a live person at the other end or they give you a toll free number or a number for your local area to call.
You see so that you call it say you're in Charlotte and you have you know you want to get a direct call to the redemption center where you're going to get a 704 area code and the phone number to the redemption center.
Okay, if you're in Charlotte, and if you're out in the east or Wilmington, you get an 919 area code in other words, you'll get a number that you can get a call to set up your appointment directly with a person on the other end, who most likely will either be assisting you in your exchange and redemption of zim or at least be there at the redemption center when you get there. So it's sort of the initial beginning of a relationship with the redemption center.
Remember the process to know your customer - KYC - they know all those emotions unless you can get them to. If you've been gifted zim, they have no email for you. Well, more than likely, probably a bunch of you guys that have been gifted zim -
So remember that. That's what I'm supposed to do is fill in the blanks for those that don't have an email for so that you have a way to find the toll free number.
So I know we're going to provide that and you know, you'll have to be able to contact and make your appointments - My understanding is that once the numbers come out and we call and we're setting our appointments, it could be the same day, next day, when we go in or whatever it is. They should go for two weeks between 14 & 15 days straight at all redemption centers.
So they can pick up any straglers that might be hospital that might be out of the country, or whatever given time to set an appointment and get back so that they can take care of their ecxchange and move on with their lives.
So not much information today. I know all we're really wants to know is “when” - they don't really want us to know when but we have a window again. we have a nice big window from tomorrow through Sunday. Let's see what happens with this window. Let's see if they get political change made, they want to get made.
And otherwise, rates are going up. We did get an update yesterday, yesterday, and the rates are the least of your worries. Don't worry about it. They're gonna be fine
And that really guys wraps up everything that I've had to bring tonight. So it was short segments, short and sweet. We're just looking to see what happens. I like things are looking like they could go anytime from Sunday. Let's watch it.
Alright everybody, I want to go ahead and pray this out. If I do want to thank everybody
So let's go ahead and let's all keep an eye on our email for the weekend and see what develops.
Bruce’s Big Call Dinar Intel Tuesday Night 7-20-23 REPLAY LINK Intel Begins 1:08:45
Bruce’s Big Call Dinar Intel Thursday Night 7-13-23 REPLAY LINK Intel Begins 1:01:51
Bruce’s Big Call Dinar Intel Tuesday Night 7-11-23 REPLAY LINK Intel Begins 1:20:00
Bruce’s Big Call Dinar Intel Thursday Night 7-6-23 REPLAY LINK Intel Begins 56:00
Bruce’s Big Call Dinar Intel Thursday Night 6-29-23 REPLAY LINK Intel Begins 1:05:05
Bruce’s Big Call Dinar Intel Tuesday Night 6-27-23 REPLAY LINK Intel Begins 53:13
Bruce’s Big Call Dinar Intel Thursday Night 6-22-23 REPLAY LINK Intel Begins 1:03:50
Bruce’s Big Call Dinar Intel Tuesday Night 6-20-23 REPLAY LINK Intel Begins 1:25:00
Bruce’s Big Call Dinar Intel Thursday Night 6-15-23 REPLAY LINK Intel Begins 1:12:45
"Tidbits From TNT" Friday 7-21-2023
TNT:
Tishwash: Disclosure of the date of the vote on the oil and gas law and the general amnesty
The Parliamentary Legal Committee in the House of Representatives revealed the date for voting in Parliament on the "oil and gas" and "general amnesty" laws.
Representative Ahmed Fawaz Al-Latifi, a member of the Parliamentary Legal Committee, said in press statements:
“One of the most important laws that we are working on approving is the oil and gas law and the general amnesty law that was agreed upon within the State Administration Coalition, and this is what has been agreed upon, and I believe that there are final political touches to agree on it, and therefore include them in the agenda and vote on them within the House of Representatives
TNT:
Tishwash: Disclosure of the date of the vote on the oil and gas law and the general amnesty
The Parliamentary Legal Committee in the House of Representatives revealed the date for voting in Parliament on the "oil and gas" and "general amnesty" laws.
Representative Ahmed Fawaz Al-Latifi, a member of the Parliamentary Legal Committee, said in press statements:
“One of the most important laws that we are working on approving is the oil and gas law and the general amnesty law that was agreed upon within the State Administration Coalition, and this is what has been agreed upon, and I believe that there are final political touches to agree on it, and therefore include them in the agenda and vote on them within the House of Representatives
And they were sent from the Council of Ministers as draft laws, not proposals to the House of Representatives, and therefore we wait in the House as soon as the book or draft laws reach the Parliament, to be referred to the Committee Legal, which is concerned with studying and discussing the paragraphs and rationale of this topic and thus putting it on the agenda soon for a vote on it. link
Tishwash: Establishment of the first joint free trade zone between Iran and Iraq
Adviser to the President of the Republic and Secretary of the Supreme Council for Free Zones in the Islamic Republic of Iran, Hojjatullah Abd al-Malik, announced the provision of the ground for the establishment of the first joint free trade zone between Iran and Iraq at a point on the other side of the Mahran border.
On the sidelines of the visit of the Iraqi Minister of Labor to the second exhibition to introduce the investment packages and export capabilities of Iranian free and special economic zones, which is held at the permanent headquarters of international exhibitions in the city of Mashhad, northeastern Iran, Abdulmalik said: "Recently, the Iraqi Prime Minister took into consideration a point on the other side of the Mehran border in Wasit Governorate to establish a joint free zone between the two countries, where studies are being conducted on it at the present time."
He expressed hope that the first joint free trade area between Iran and Iraq will enter the operational phase and be established by the end of the year.
He added, Abd al-Malik, that Iraqi investors are also interested in exporting their goods to other places to meet their needs and develop their country's trade by passing through Iran and accessing the Indian Ocean and open waters through Iran's free economic zones. link
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CandyKisses: U.S. sends thousands of Marines to Middle East
Baghdad - NAS
The Pentagon announced the deployment of additional troops to the Middle East, including thousands of Marines and warships, in response to recent Iranian attempts to seize commercial cargo ships.
The US decision came after the department said earlier this week that it would send F-35 and F-16 fighter jets to the Middle East, as well as the destroyer USS Thomas Hudner.
Gen. Michael Corella, commander of U.S. Central Command (CENTCOM), said the Forces nouvelles would add unique capabilities to the region in order to further protect the free flow of international trade and support rules based on the international order.
The readiness group consists of three ships, including the Bataan, an amphibious assault ship, where the expeditionary unit usually consists of about 2500,<> Marines.
The U.S. announcement did not name the ships, but U.S. officials provided details of the units involved in the deployment on condition of anonymity to discuss troop movements.
Besides Bataan, the group includes two other warships, the USS Mesa Verde and USS Thomas Hodner, and the group left Norfolk, Virginia earlier this month. It was not clear on Friday whether the three ships would continue their incursion into the Gulf region.
Earlier in July, the US intervened to prevent Iran from seizing two tankers in the Gulf of Oman, including a case in which an Iranian ship fired on an oil tanker.
In both cases, a U.S. Navy destroyer arrived at the scene, forcing Iranian ships to sail away from the area.
Meanwhile, US Undersecretary of Defense for Political Affairs Colin Kahl said that "these incidents have received the most attention from the Department of Defense."
According to a senior U.S. defense official, after the seizure attempt, the United States began flying A-10 aircraft over the Strait of Hormuz, and the planes were equipped with weapons capable of targeting Iranian fast-attack boats and other naval targets.
The planes were deployed to the area in late March after a series of attacks on US positions by Iran-affiliated militias.
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CandyKisses: Central Bank: Banks deprived of dealing in dollars enjoy full freedom to deal in Iraqi dinars in various services
Baghdad / Nina / The Central Bank of Iraq affirmed: "Banks deprived of dealing in US dollars enjoy full freedom to deal in Iraqi dinars in various services within the Iraqi banking system, as well as their right to deal internationally in currencies other than the US dollar."
The bank said in a statement: "The ban on Iraqi banks from dealing in dollars came against the background of auditing bank transfers for the past year (2022) and before the application of the electronic platform and before the formation of the current government as well."
He added: "The application of the electronic platform ensures the safety and accuracy of transfer transactions in all aspects, and that transfers are available and secured thanks to the expansion of transfer channels and approved correspondent banks."
He explained: "The banks prohibited from the dollar do not constitute their requests only 8% of the total foreign transfers," noting: "The announced exchange rate in the market is based on the cash dollar granted by the Central Bank of Iraq to cover the requests of citizens for travel and others."
The Central Bank called on the government to develop a mechanism to link imports and proof of the existence of an original financial transfer corresponding to their value to prevent the use of illegal means in the payment of their values that constitute unjustified pressure on the monetary dollar, and on the other hand help control the manipulation and smuggling of imports.
Mot: ....... Just in Time fer da Heat Wave!!!
Mot: .. Yep!!! -- Bout That Time!!!!
MarkZ, MilitiaMan and Michael Cottrell Friday 7-21-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday 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 Friday Morning patriots
Member: Can’t believe we are at another broke weekend…..
Member: I think it might be a good day for an RV. what do y'all think?
Member: I’m ready for all of us having Christmas in July this year!!
Member: Today is Iraq’s “New Year” a national holiday
Member: Dang it feels like Iraq spends more time “ on holiday” then they do real life
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday 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 Friday Morning patriots
Member: Can’t believe we are at another broke weekend…..
Member: I think it might be a good day for an RV. what do y'all think?
Member: I’m ready for all of us having Christmas in July this year!!
Member: Today is Iraq’s “New Year” a national holiday
Member: Dang it feels like Iraq spends more time “ on holiday” then they do real life
MZ: And here is MilitiaMan popping in-Welcome. I’m hoping you have phenomenal news.
MM: I have to say we are at that stage of the roller coaster ride we have been on for so many years is coming to an end. This morning we see the Kurds have hammered out the 5 days of meetings and have agreed to do some auditing on not just the oil production , but also the non- oil like taxes and tariffs at the borders…so that looks like they are ready to come to the table and play nice and share some of those revenue streams. .They have not done that in 20 years….now they are ready to be audited.
MM: There are other things we are hoping to see in the next short period of time. Today is a holy day and a holiday….and we know sometimes they work on holidays behind the scenes.
MM: I am looking to see the 2023, 24, 25 budget allocations are being talked about…they need to start spending money on projects. We will hopefully see things come to fruition in a short period of time. We are in a fascinating time frame.
MZ: We have seen Iraq making infrastructure deals with China …and paying oil for it. They are avoiding the US dollar.
MM: It is not surprising to see them circumvent the US dollar. The new system…the Iso 202022 is one they are going to use throughout the region. Personally I don’t see the dollar going away 100% any time soon….but, I don’t think the BRICS are going to Accept Iraqi dinar at a rate of 1300.
MZ: They are going to want the dinar to have a real value.
MM: everyone and their brother are chomping at the bit to have a previous era exchange rate that’s internationally accepted to do business with in the region….everyone is coming to Iraq. These are exciting times and I am feeling very upbeat.
MZ: Yes- super exciting times. Do you have a gut feeling on timing at this point? All the signs look great.
MM: I wish I had a crystal ball and could predict that date….everyone would be jumping for joy if I could. But I can’t. However, if we look at all the system being connected and if we believe this is a global initiative and Iraq is the lynchpin….we can see things happened on Thursday that created an environment through the Fednow system ( we all have opinion on if this is part of the QFS system or not) but different systems around the world are going to have to be able to communicate.
MM: My impression was the US was the last to go. If that is the case- maybe we will see this roll out begin with systems paying instantaneously…..within 4-5 seconds when all is said and done.
Member: I have a source that works at one of the major banks and have been flying here and there doing transactions …and they said during the day transactions have been taking 1 second or less to clear.
MM: I saw stuff on that yesterday and its fascinating. And they are using XRP as a protocol to connect….they have started this and it’s not going to stop.
Member: XRP was accepted for payment use in Iraq Jim Willie said Iraq will be the center of the financial system in the east
Member: The meeting between Iraqi officials and XRP on July 4th mentioned by Militiaman the other day was big
MZ: I am trying to make myself stay calm during this process.
MM: We need to watch as they roll this out. They (Iraq) need to expose some things to us and this exposure could happen as early as tomorrow or Sunday or Monday. They have work to do and contracts to deal with. People need to get paid so they are going to have to show their cards. Basically that is where they are at I believe the short term looks better than the long term right now.
MM: I have heard people say this roll out could take up to 10 days to 30 days for everything to be completed. This could include all the countries and does not mean we have to wait that long. The rate cannot stay at 1300.
MZ: They have bills to pay so it’s the proverbial s*** or get off the pot moment.
Member: Do you know of any key steps still remaining for them to do for Iraq to release its revalued rate?
MM: I would say that what we witnessed this morning with the Kurds now being on board…along with taxes and tarrifs at the borders being another income stream……and JP Morgan getting the BUNA platform to clear currencies digitally throughout the region is done. The ISO system is already hooked up with the XRP compnant..…FedNow is ready…the QFS is ready. Looks like everything is ready. So if transactions can clear within seconds now….so (he shrugs with hands up?)
MZ: Yes we are seeing all these different systems in different countries and they are all about integrating with the QFS- imo and legacy banking (old banking system?) so thes nearly instantaneous transfer system all needed to be in place before they pulled the trigger.
MM: And I think we are seeing the evidence of that. And so whenever the timing is the least shocl t the system is when we think we are going to see that
Member: We were always told every Saturday night all the banks in the world close for a brief time…..imo that could be the time they pull that trigger.
Member: Is Fednow only for the US?
MZ: Every country has its own version of an instant transfer system now. A hodge podge to make all the legacy systems work.
MM: And all these systems are able talk with themselves all around the world.
MZ: Fednow is NOT a CBDC. It is simply a cross border transfer or payment system. It can be used for good or bad. I was told we do not need to fear FedNow unless we see the federal reserve roll out the CBDC- then it will become something to be concerned about.
MM: I think the goal is to be safe, secure and fast. Everyone have a great afternoon .
Member: Thanks MM for all your work and info.
Member: My understanding is qfs is the system and fed now is the process to transfer
Member: they need to take the Fed out of FedNow for anyone to trust it
Member: I think they're going to be switching us to gold-backed currency soon
Member: Nader said the Iraqi banks told the cbi to raise the rate of the dinar
Member: they are in the World Trade Organization , that's huge!!
Member: I hear Protocol 20 implementation and testing has begun. This testing phase will be completed on 22 August.
MZ: Most of my contacts have just gone dark….we keep hearing rumors that some people are getting paid but I cannot find a single person that have dollars. I cannot find a liquid whale anywhere….and I have searched.
Member: If it’s a shotgun start…. they go when we go……
MZ: I still think things are exceptionally positive . Just buckle up and stay ready. Start getting your ducks in a row with preparations.
Member: Pedal to the metal- hammer down and move this RV now
Member: Pray for the RV to happen, asap for Iraq who was treated so bad by the U.S. as well as many countries around the world and the American people. God bless.
Member: see you all tonight.
Mr. Cottrell and CBD Gurus also join the stream today towards the end. Please listen to the replay for all of their information and opinions.
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARKZ ’S OPINION ONLY.
SATURDAY GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.
THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE
MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch? https://www.investopedia.com/terms/t/traunch.asp
MZ: JFK Secret Societies Speech in case we forgot https://www.youtube.com/watch?v=ItOPg2l7-t0
JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401
Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html
MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y
Mod: Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME
MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road
You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate
MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one. https://www.youtube.com/watch?v=sAL0exvL45Y
Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz
Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
News, Rumors and Opinions Friday AM 7-21-2023
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 Excertpts from the Restored Republic via a GCR Report: Update as of Fri. 21 July 2023
Compiled Fri. 21 July 2023 12:01 am EST by Judy Byington
Global Currency Revaluation of 127 Countries of the World:
On Tues. 18 July monies began flowing out of Zurich; the Iraqi Budget with the new Dinar Rate in it was released to the Iraqi Provinces and funds were positioned for distribution; Paymasters were given liquidity and Whales were beginning to be paid. As of Thurs. 20 July some Whales had been paid, some had not, all could see monies in their accounts and all were under NDAs.
On Wed. 19 July the Iraqi budget with the new Dinar Rate in it was implemented in all Iraqi Institutions.
Thurs. 20 July Wolverine: “A little birdie just told me that Iraq received final approvals a few hours ago. They indicated that they would be activated when FedNow (QFS) was activated and FedNow activated today Thurs. 20 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 Excertpts from the Restored Republic via a GCR Report: Update as of Fri. 21 July 2023
Compiled Fri. 21 July 2023 12:01 am EST by Judy Byington
Global Currency Revaluation of 127 Countries of the World:
On Tues. 18 July monies began flowing out of Zurich; the Iraqi Budget with the new Dinar Rate in it was released to the Iraqi Provinces and funds were positioned for distribution; Paymasters were given liquidity and Whales were beginning to be paid. As of Thurs. 20 July some Whales had been paid, some had not, all could see monies in their accounts and all were under NDAs.
On Wed. 19 July the Iraqi budget with the new Dinar Rate in it was implemented in all Iraqi Institutions.
Thurs. 20 July Wolverine: “A little birdie just told me that Iraq received final approvals a few hours ago. They indicated that they would be activated when FedNow (QFS) was activated and FedNow activated today Thurs. 20 July.”
On Thurs. 20 July the Global Quantum Financial System officially launched the ‘FedNow Instant Payment System,’ while therefore Tier 4b(Us, the Internet Group) could expect notification at any time.
Thurs. 20 July TNT Tony, RubixQ on Telegram: Multiple sources have reported that disbursements have been completed this week and everything is now done.
Thurs. 20 July Bruce: Redemption Centers were on high alert as of Fri. 20 July. Tier4b (Us, the Internet Group) notifications should come sometime between Fri. 20 July to Sun. 23 July. On Wed. 19 July Paymasters were authorized to send emails out to Bond Holders telling them that they had access to their funds (at an unknown date)
On Sun. 23 July all financial changes was expected to complete.
The last week of July US citizens would receive restoration allowances that paid them back illegal interest given to the Cabal, plus SS payments would increase.
Thurs. 27 July RubixQ, Goldilocks on Telegram: “U.S. bank regulators are readying the launch of proposed capital requirement changes on July 27 to bring the country’s rules in line with the international Basel III accords, Bloomberg reported.” https://www.morningstar.com/news/marketwatch/20230718123/fed-preparing-basel-iii-capital-requirement-guidelines-for-july-27-release-bloomberg
On Tues. 29 August the new Quantum Financial System will be made public.
The International Treasury M1 is the owner and administrator of the World Account at the WORLD BANK, Account No. 01-00-01-4-AAA-777-C3-AM-01, distributed among various banks in 172 (one hundred and seventy-two) countries of the world.
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Thurs. 20 July 2023 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
The BRICS nations have announced that they were moving the announcement of the World going to gold/ asset-backed currencies to 23 Aug.
Today Thurs. 20 July two nations were not quite prepared to join BRICS.
The ATFX Forex trades gold/asset-backed currencies and those gold/asset-backed currencies have been trading on the ATFX Forex and going up in value.
Today we were told that Redemption Centers were on high alert as of Fri. 21 July.
Tier4b (Us, the Internet Group) notifications should come sometime between Fri. 21 July to Sun. 23 July.
On Wed. 19 July Paymasters were authorized to send emails out to Bond Holders telling them that they had access to their funds (at an unknown date)
Tier4b Funds are presently available at the banks for exchanges and redemption of Zim.
Read full post here: https://dinarchronicles.com/2023/07/21/restored-republic-via-a-gcr-update-as-of-july-21-2023/
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Courtesy of Dinar Guru
Pimpy There's more than just oil in Iraq. Once the waters in the Euphrates River started to go down not only did they find a city down there that's 3600 years old that's biblical but they kept finding gold on the surface...right out there in the open...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: We are rather anxious. There are many folks here in the streets that are talking about the dinar. We were told that the Iraqi dinar would be stronger than the dollar and yet it has not happened yet. The Financial Committee of parliament is calling in the CBI governor Allaq to question him about it asking him why hasn't there been a change in the exchange rate of our currency...that are asking the governor of the Central Bank of Iraq to make the dinar stronger than the dollar as quickly as possible...
Thursday Evening News with MarkZ
7-20-2023
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
“The US Dollar Is Under ATTACK From WASHINGTON!” | Rick Rule & Mike Maloney
7-20-2023
We're thrilled to bring you an exclusive full-length interview featuring our very own Mike Maloney and the highly respected and widely followed precious metals expert, Rick Rule.
You may remember Rick from Mike's popular "Hidden Secrets of Money" series, where Rick shared tons of valuable insight into the world of precious metals. Today, he's back for another timely in-depth discussion.
During the conversation, they explore a number of topics, including: The role of the dollar as a reserve currency and its 'exorbitant privilege'
The importance of gold as a liquid form of protection during crises
What happens when the current economic bubbles burst Rick's personal investment strategies
The implications of Central Bank Digital Currencies (CBDCs)
This interview is packed with valuable insights for anyone interested in the current state of the precious metals markets.
Don't miss out on this opportunity to learn from two of the industry's leading experts.
More News, Rumors and Opinions Thursday PM 7-20-2023
KTFA:
Get1Later: All the articles today from Allaq telling :
The Iraqi Trade Bank to provide all services quickly and accurately to their customers
A N D Informing the rest of the Banks to do business in DINARS ONLY (multiple articles) .....
Sounds to me that Allaq's ready to "Flip the Switch" ..... ASAP !!......Just my opinion !!
Margarita: Fednow just launched today as well....it is a system that makes payments much easier....
July 20 (Reuters) - The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.
KTFA:
Get1Later: All the articles today from Allaq telling :The Iraqi Trade Bank to provide all services quickly and accurately to their customers A N D Informing the rest of the Banks to do business in DINARS ONLY (multiple articles) .....Sounds to me that Allaq's ready to "Flip the Switch" ..... ASAP !!......Just my opinion !!
Margarita: Fednow just launched today as well....it is a system that makes payments much easier....
July 20 (Reuters) - The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.
Clare: Fed launches long-awaited instant payments service, modernizing system
By Hannah Lang July 20, 2023
July 20 (Reuters) - The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country's payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven days a week, the central bank announced on Thursday.
The "FedNow" service, which has been in the works since 2019, will seek to eliminate the several-day lag it commonly takes cash transfers to settle, bringing the U.S. in line with countries including the United Kingdom, India, Brazil, as well as the European Union, where similar services have existed for years.
FedNow is launching with 41 banks and 15 service providers certified to use the service, including community banks and large lenders like JPMorgan Chase (JPM.N), Bank of New York Mellon (BK.N), and US Bancorp (USB.N), but the Fed plans to onboard more banks and credit unions this year.
The Fed said on Thursday in a statement that 35 banks and credit unions were currently utilizing the service, as well as the Treasury Department's Bureau of Fiscal Service.
The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. But many have since agreed to participate on the basis FedNow will allow them to expand the services they can offer clients.
"For us, FedNow really is a wonderful way of expanding reach," said Anu Somani, head of global payables and embedded payments at U.S. Bank.
Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts.
The Fed also operates a real-time payments system called FedWire, but that's reserved for large-scale, mostly corporate payments and is only operational during business hours. While the new FedNow system is for everyone, it's likely to benefit consumers and small businesses the most, analysts have said.
"We want our clients to benefit from these capabilities, and we want that to be a competitive edge for us,” said Carl Slabicki, global co-head of payments for BNY Mellon’s Treasury Services.
Smaller banks, which often connect to FedWire via larger lenders, encouraged the Fed to develop FedNow, arguing that it would allow them access to real-time payments without having to pay larger competitors for the service.
“Having the Fed in the space makes our members feel more comfortable that their needs will be met, that they will be treated fairly for pricing,” said Lance Noggle, senior vice president of operations and senior regulatory counsel at the Independent Community Bankers of America, a trade group.
FedNow will not charge consumers, although it's unclear whether or how participating banks will pass on any costs associated with the service.
Democratic Senator Chris Van Hollen, who had urged the Fed to develop a real-time payments system, said in a statement the launch of FedNow is "good news for American consumers and our economy."
"The launch of FedNow will help connect Americans with their money – when they need it, immediately, in real-time – and will save consumers billions of dollars annually," he said.
Some market participants have raised concerns that FedNow could super-charge a potential bank run by facilitating fast outflows from financial institutions, a fear that was amplified after the failure of Silicon Valley Bank earlier this year.
But Fed officials have downplayed those concerns, arguing that banks have tools available to mitigate a wave of outflows.
At the outset, FedNow will have a maximum payment limit of $500,000, but banks can choose to lower that cap if need be.
Reporting by Hannah Lang in Washington; Editing by Michelle Price and Andrea Ricci LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friends says the key to everything that we're looking for is within the oil and gas because we all know here in Iraq that when they present to us the oil and gas law it will be with a new rate because how are you gonna decide to divide up what everybody gets if you don't know what the rate is? FRANK: The key to everything is in that HCL, that's in the budget, that is waiting for the new exchange rate...
Bruce [via WiserNow] Regarding windows when would it start? ...all the bankers, all the heads of banks have been contacted. This is to go and to let their people know, it's real and it's starting. And we're underway. ...So I'm excited about where we stand right now, you guys. I think this is the closest we've ever been to having it actually manifest. And I'm excited about that.
Economic Collapse: ‘All Banks To Fail’, Fed’s Powell To Resign | Peter Schiff & David Hay
7-19-2023
ALERT! JP Morgan's $60 Trillion "Weapon of Mass Financial Destruction" is PRIMED & READY!
(Bix Weir) 7-20-2023
There's talk of a "New Monetary System" using gold because all the central banks, commercial banks and most countries have MASSIVE AMOUNTS OF GOLD. It makes sense that a return to a gold standard should be one of the alternatives.
But what about Silver? Silver has been used as money for much longer than gold but there is ZERO talk of using Silver in the new monetary SYSTEM...WHY? That's simple... because those who want to continue to control our lives DON'T HAVE ANY SILVER!
What should "We the People" choose for our new monetary system? It seems obvious that Gold will help maintain the status quo but Silver would destroy the Current Monetary Masters! If we get to vote on it After the Crash...I choose SILVER!!