"Tidbits From TNT" Tuesday 8-8-2023

TNT:

Tishwash:  Towards a new global financial system

 The world is preoccupied these days with the acceleration and development of events, especially the BRICS group's preparations for holding its conference scheduled for the middle of this month.

This comes amid speculation that the new BRICS currency may be approved as a competitor to the dollar in commercial transactions and global monetary reserves.

Here, the debate revolves around whether the BRICS group was able to extract the dominance of the dollar in world trade and compete with it.

The BRICS group includes China, Russia, India and Brazil, which was formed in 2009 and a year later, in 2010, South Africa joined it. This economic bloc is important because it constitutes 44 percent of the world's population and 30 percent of global production and aims to abandon the use of the dollar in exchanges trade in a new single currency for those countries.

It is worth noting that the dollar is the only currency traded in commercial exchanges since World War II.

What are the reasons for this cluster?

Most experts and locals unanimously agree that America's strict policy in its dealings with countries and its imposition of continuous sanctions has prompted these countries to think and search for a way to get rid of this hegemony.

Reports based on facts on the ground indicate that there are 19 countries, some of which have expressed their desire to join this bloc, led by Saudi Arabia, Egypt, Turkey, Iran, Mexico and Indonesia, and some of which are monitoring and interested in developments.

 It is expected that the BRICS group will discuss in its conference, which will be held during these days, the possibility of opening acceptance of countries' applications for membership in this bloc, the principles and procedures for joining and issuing a unified currency. 

And if the BRICS currency is approved, what will be the impact of this on the dominance of the dollar?

In order to show the impact of this currency, it is necessary to trace the impact of the euro, which was approved by the European countries in 1999. It achieved 36 percent of the global currency reserves, and reduced the share of the dollar, which constituted 90 percent of the global currency reserves.

Forecasts indicate that the BRICS currency will account for more than 30 percent of the global monetary reserve at the beginning of its launch at the expense of the dollar in commercial transactions around the world, and you can imagine the size of the impact in reducing the role of the dollar in the future and in the medium and long term.

From here, the picture becomes clear that the expectations of experts towards a new financial and economic system will inevitably come, and it is based on diversifying the global monetary reserve to limit the dominance of the dollar. Questions and debate will continue until the new system’s working mechanisms are launched.

What concerns us here is where is Iraq from these developments?

Here I would like to point out that the interest of those countries in their local currencies and their pride in them encouraged them to stand up to the power and dominance of the dollar in controlling their destinies, and although the BRICS will compete with the dollar and reduce its value in commercial transactions, they cannot completely remove it from the scene, and for this there are many reasons.

 The government must pay attention to these developments and changes that occur in the global system and the need to draw up a balanced policy to deal with future expectations, with certainty that the Central Bank of Iraq closely monitors these developments and collects and analyzes information.

Here, we call for the importance of working on adopting the idea of ​​diversifying the monetary reserve due to its importance in preserving the future of the country's economy.  link

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

CandyKisses:  Framework: The passage of the oil and gas law is the first sign of resolving the differences that threaten the political Process

Information/Baghdad...

MP for the Coordination Framework Jassim Atwan, on Tuesday, stressed the importance of negotiations between the various political parties to reach compromise solutions on the oil and gas law, pointing out that the legislation of the law would eliminate differences, differences and privileges over the distribution of oil wealth.

Atwan told Al-Maalouma that "there is a possibility for the political parties to go towards negotiations and talks with the region to reach compromise solutions to the current stage on the oil file."

He added, "Iraq needs an understanding on the oil and gas law to ensure a solution to problems between all parties, as well as the stability of the political process and an end to the existing differences over the oil file, especially between Baghdad and Erbil."

And Atwan said, "The law would eliminate the granting of privileges to some parties over others, in addition to being a key to resolving the differences that threaten the political process."

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

CandyKisses:  'Our dinar'. A campaign to return the dollar exchange to its normal rates

Baghdad - NAS  

Specialists in financial affairs believe that the return of the dollar exchange to its normal rates needs to adopt the slogan "Our dinar", calling at the same time for the concerted efforts of government institutions, the private sector and the media to support dealing with dinars exclusively, and to leave dollar transactions.     

  Financial affairs expert Suha Al-Kafaei confirmed in an interview with the official newspaper "Nas", (August 8, 2023): "The stability of exchange rates in the local market requires participatory solutions between the citizen and the trader, as the reality of transactions needs to be converted to the Iraqi dinar instead of the dollar for all transactions without exception, and this will reduce the demand for the dollar, as the trader in dinars goes to the bank to obtain the dollar for the purpose of importing at a price of 1320 dinars against the dollar, and from here the demand for the dollar can be reduced in the parallel market."  

 The private sector has flexibility in providing solutions that help stabilize exchange rates," al-Kafai said, noting that "integration and cooperation between the private sector and the Central Bank of Iraq are needed."  

 She said that "the citizen is required to refrain from buying any commodity in dollars, and here he must go to buy goods from a similar trader who sells in dinars, and thus contributes to reducing the demand for the dollar, as this mechanism leads to the tendency of all traders to deal in dinars, and contributes to the non-rise in prices, as the trader will go to the bank to obtain the dollar at a price of 1320 dinars against the dollar, to cover his imports through the approved mechanism."  

She stressed that "in this way, the two most important elements will abandon dealing in dollars, the citizen who has many and varied transactions, as the country's population exceeded 40 million people, and merchants, who represent a large segment leading the economy, whose imports represent 95% of the local market's need, and when transactions go to the dinar, we tend to achieve stability in exchange rates, provided that we refrain from buying any need in dollars."  

She warned that "the importance of the Ministry of Commerce raising the slogan of dealing with the dinar, and to escalate the cases of education through seminars, conferences and the media, to be dealing with the dinar exclusively, in support of the government's measures to stabilize the exchange rates of the dollar against the dinar and at the official rate, and there can be an active role for the Department of Private Sector Development and the Department of Import and Export in the Ministry of Commerce, from here must launch a campaign to deal with dinars exclusively."  

"It is imperative that ministries and the media join efforts to move towards dealing in dinars and make dealing in dollars between the merchant and the bank exclusively for the purposes of financial imports," she said, pointing out that "the commercial family realizes that dealing with the official exchange rate rates is more useful and profitable."  

"This mechanism will reduce dealing in the parallel market, which offers the dollar at higher prices than the official rate of 1320,<> dinars to the dollar," al-Kafaei said.  

Silwan al-Nouri, a specialist in economic affairs, stressed "the imperative that we move to deal with local dinars inside the country, adopt mechanisms agreed upon between the private sector, which offers goods and services, and the Central Bank of Iraq, and address all the challenges that prevent traders from going to the banking system to obtain dollars to cover their foreign imports."  

 He pointed out that "Iraq has a large volume of transactions with various countries of the world, and there are challenges in dealing that need a serious pause to address them through continuous meetings that bring together the concerned parties, to create a policy of dealing that regulates the reality of the local market, and maintains its stability, and the dinar is for internal transactions, and the dollar for foreign transactions and from its official sources, and not to go to the parallel market to obtain the dollar."  

 "Restricting transactions to dinars is an important step that raises the value of the dinar and takes the market to the stage of stability," he said.  

Mot:  . Been un of Those Daze Ya Knows!!!

Mot: And Yet Another Great ""Dieting Tip"" from Mot of Course!!!

News, Rumors and Opinions Tuesday Morning 8-8-2023

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. 8 Aug. 2023

Compiled Tues. 8 Aug. 2023 12:01 am EST by Judy Byington

Global Currency Revaluation:

The Iraqi Parliament was in receipt of their budget with the new Iraqi Dinar Rate in it.

Mon. 7 Aug. MarkZ: Iraq shut down Telegram yesterday around noon their time for reasons of National Security.

Mon. 7 Aug. Bearded Patriot: Iraqi Boards on Telegram were saying that the budget law stipulations and proceedings has been published in the Iraqi Gazette. Also, it’s being reported that some Bank of America banks have been forced to close since they did not synchronize their platforms by August 6th to accept the new Iraqi rate platforms. This is outstanding news and a HUGE STEP FORWARD towards our EVENT!

On Wed. 9 Aug. the new Iraqi Dinar Rate was expected to be revalued at a 1:1 with the USD and then begin trading up on the Forex – after that it cannot go down in value.

The BRICS nations have set a Back Wall for the RV at Sat. 12 Aug.

Global Financial Crisis:

On Sun. 30 July Russian President Vladimir Putin announced the Global Currency Reset and on Mon. 31 July, signed a digital ruble bill into law, approving the use of its central bank digital currency for payments starting from Aug. 1, 2023.

The BRICS Alliance has finally abandoned the USD for a global trade settlement – Cryptopolitan. The line has been drawn in the sand and BRICS nations have made a stand that could shake the global financial landscape. https://www.cryptopolitan.com/brics-abandons-usd-global-trade-settlement/

Wells Fargo customers were reporting a disappearance of direct deposits in their accounts.

Corporate America Bankrupt Confirmed By DOD, Nicholas Veniamin, Alan Fountain https://rumble.com/v35hel6-alan-fountain-discusses-corporate-america-bankrupt-confirmed-by-dod-with-ni.html

As the US Military Files for Bankruptcy, the Creditors Keep Calling. Across the armed forces, service leaders continue to tout a military getting smaller and older as necessary to free up funds for other priorities. https://www.aei.org/foreign-and-defense-policy/as-us-military-files-for-bankruptcy-the-creditors-keep-calling/

7 Trends Which Indicate That Economic Disaster Is Approaching Very Rapidly: https://www.rumormillnews.com/cgi-bin/forum.cgi?read=227196

Bank CEOs Selling Stocks, Chase Bank in Trouble: https://dinarchronicles.com/2023/08/07/global-economy-insights-videos-bank-ceos-selling-stocks-chase-bank-in-trouble-sell-stocks-now-real-threat-us-dollar-debasement/

If the US Corp is bankrupt, does that mean all of its institutions & organizations are null and void? Yes the SEC & Stellar Switzerland’s attempt at showing they are Authority. https://t.me/Tironianae/212046

Is a Global Recession Imminent? Recent world crises and the resultant weakening of the global economy has left many fearing the worst: https://www.rumormillnews.com/cgi-bin/forum.cgi?read=227188

Read full post here:  https://dinarchronicles.com/2023/08/08/restored-republic-via-a-gcr-update-as-of-august-8-2023/

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

Courtesy of Dinar Guru

Nader From The Mid East  Let me explain...why the parallel market is so hard to get out of it...If you live in Iraq and you have say, $1000.  If you go to the bank or you go in an exchange office they will change your dollar for 1320-1310 plus some fees.  You lose a lot of money.  If you go to the parallel market...can be in a street changing money, without license, without anything... You come see me [Street vendor] with $1,000 and I'll give you 1500 dinar for a dollar.  [Post 1 of 2....stay tuned]

Nader From The Mid East  Where would you go?  Would you come to me?  Of course you would come to me because you'll make more money on your dollars...That's why it's so hard...That's why the parallel market will always exist.  It will never go off no matter how many they're gonna arrest.  But they can control it.  Instead now it's 70% parallel market will become like 20%, 10% maybe.  The dinar is going to be a lot stronger if the parallel market goes down to 10%-20%.   [Post 2 of 2]

EVERYONE Is Wrong About The Global Debt Crisis

Atlantis Report:  8-7-2023

Is the global debt of over $300 trillion really a problem? And does debt for the global economy work in a different way from debt on an individual level?

 In this video we'll explain who holds all the debt that countries and businesses owe, and whether this will be a big problem in the near future.

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

A Market Driven U.S. Dollar Downgrade Is the Real Threat - Ep 910

Peter Schiff:  8-7-2023

https://www.youtube.com/watch?v=XTBCz9kOSUc

History of Iraq Dinar" Posted by AL at TNT 8-7-2023

TNT:

AL:  I post the for the benefit of anyone that may be new to this venture.

As you will see, the Dinar has always been higher in value than the US Dollar. Iraq today has more opportunity to reach its full potential that it has in the past 50 years. Iraq currently has the 3rd largest oil reserve in the world and with further exploration possible the largest. It has the largest natural gas reserve in the middle east. They have water and potential for agriculture which many of the middle east countries do not have. They also posses a great deal of gold and other natural resources. Suffice it to say they could be the wealthiest country in the world. 

Because of the war their currency has been artificially devalued and now that the sanctions have been lifted they are ready to explode as an economic power. They have the support of every country in the world the IMF, World trade organization etc. ......need I say more.

History of Iraqi Dinar 1932 - 2011

1932
Currency unit consisting of 1,000 fils or 20 dirhams. When officially introduced at the end of the British mandate (1932), the dinar was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.

1932–1949
Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949–1971.

1959–1967
Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.

1971
One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began.

1973
Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39.

1980
It remained at this level until the outbreak of the Iran-Iraq War in 1980. 

1982
In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without  additional devaluation despite mounting debt.

1988
In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation’s inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar’s real transaction value, or black market exchange rate, was far lower-only about half the 1986 official rate.

1986–2003      1986–2003 between .33 cents to 1.32 to a dollar.

2001
Oil-production: 2.452 million bbl/day (2001 est.); note — production was disrupted as a result of the March -          
April 2003 war (2001est.)

2002
GDP: purchasing power parity — $58 billion (2002 est.)

2002
Exports–partners:US 40.9%, Canada 8.2%, France 8.2%, Jordan 7.5%, Netherlands 6.4%, Italy 5.4%,
Morocco 4.7%, Spain 4.4% (2002)

2003
In october 2003, the official dinar-dollar exchange rate was ID1 to US$0.00027.

2004–2011
August 2004 till 2005, the official dinar-dollar exchange rate is ID1 to US$0.00068. Population: 25,374,691 (July 2004 est.) *See graph at top of this page to chart the dinar from 2004 - 2011

Positive Changes in Iraq

Upon Saddam Hussein’s deposition in 2003, Iraq has undergone political and economic changes. Many believe that the re-building of Iraq’s infrastructure will stabilize Iraq socially, politically, and economically. With the new government establishing a new monetary system that encourages foreign investment, and the central bank of Iraq awarding foreign licences, many also believe that the value of the new Iraqi dinar banknote is poised to escalate.

More Treasury Bills on the Way

The government of Iraq will issue more Treasury bills to the secondary market. For the first time in years, the central bank auctioned Treasury bills in July. Thus far, local banks have bought 900 billion Iraqi dinars ($628 million) worth of three-month bills with coupons ranging between 2.5 percent and 6.8 percent. To improve Iraq’s local currency, the dinar against the dollar, Iraq’s central bank also plans to build up its foreign-currency reserves.

Creating viable domestic capital markets will start the process of trimming the massive pre-war debt. Iraq’s path to debt reduction along with
the generosity of the Paris Club by forgiving 80% of Iraq’s debt is good news for the Iraqi economy. Iraq’s growth-oriented policy, along with Iraq’s prospects of economic stability makes investing in the dinar potentially lucrative.

The Central Bank of Iraq

For the first time in decades, the central bank of Iraq awarded foreign bank licences to the following banks: HSBC, Standard Chartered, National Bank of Kuwait, Iranian National Bank, Commercial Housing bank, and Bahraini Arab Banking Institute. The Bahraini Arab Banking Institute is listed on the Bahrain, Kuwait, and Paris stock exchanges, and its major shareholders include the Kuwait Investment Authority, the central bank of Libya, and the Abu Dhabi Investment Authority. Granting foreign licences and liberalizing interest rates will create a vibrant free-market economy. Iraq’s re-invigorated banking policies will positively effect the value of the dinar in the near future.

The Potential of the Dinar

Prior to United Nations sanctions, the Iraqi dinar traded at 3.35 per U.S. dollar, and prior to the war in Iraq, the Iraqi dinar traded at .33 U.S. Dollars. During major combat operations, the Iraqi dinar declined to an all time low. However, after major combat operations, the value of the dinar increased 25%. Countries such as Germany (post WWII) and Kuwait (post Iraqi invasion) experienced a similar devaluation of their currency, but both countries recovered. Today, the dinar has increased from 3,500 against the dollar during the U.S. led invasion last year to 1,400 against the U.S. dollar. Imagine the growth potential of the Iraqi dinar once Iraq recovers and begins to enjoy the potential revenue of a country rich in oil and other natural resources.

The New Iraqi Dinar Banknote

Today, De La Rue, the world’s largest commercial security printer and papermaker based in Great Britian, prints the new Iraqi dinar banknote. The new Iraqi dinar banknote has various security features making the dinar very difficult to counterfiet, and the dinar banknote is now available in 50, 250, 500,1000, 5000, 10000, and 25000 bills. With the re-building of Iraq’s infrastructure and with the prospect of stability at hand, the Iraqi dinar is quickly becoming a very attractive investment opportunity.

This article reflects on until 2011 and we are much further down the road since then. In fact we are at the point where they can revalue . IMO

Economists Andy Schectman, Lynette Zang and Greg Mannarino Monday 8-7-2023

"The BRICS' Secret Plan For Gold & Silver Has Been LEAKED" - Andy Schectman | Gold Silver Price 2023

Finance Daily:  8-7-2023

In this video Andy Schectman of Miles Franklin to discuss the impact on and of gold on the new digital currency.

We also discuss the supply dynamics of physical silver and current premiums and why investing in gold and silver is very crucial in 2023

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

Lynette Zang - The Shocking 3 Trillion Dollar Black Swan Unleashed

Be Awake:  8-7-2023

https://www.youtube.com/watch?v=5ExR_pYm0cY

LIVE! MAJOR BANKS IN TROUBLE... LOSING HUNDREDS OF BILLIONS IN WITHDRAWLS.

Greg Mannarino:  8=7=2-23

https://www.youtube.com/watch?v=CHlqk7UXlV8

"This Time is Different" Heresy Financial

This Time is Different

Heresy Financial:  8-7-2023

The most terrifying phrase you could ever hear in financial markets is this time is different.

Today, interest rates are skyrocketing, but they've been here before.

 Today, the debt-to-GDP ratio is near 120%. But it, too, has been here before.

Mortgage rates, inflation, unemployment, and bank failures. The list goes on and on.

For every macroeconomic factor that seems to forecast doom and gloom.

TIMECODES

0:00 The Most Terrifying Phrase

0:56 Interest Rates on Government Debt

 3:16 Debt to GDP

5:37 Tax Revenues

8:12 The Yield Curve

9:10 Equity Valuations

10:21 Real Estate

https://www.youtube.com/watch?v=E6UV2Ntc7QU

"Coffee With MarkZ" Monday Morning Chat 8-7-2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Monday  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: Rainy days and Monday always get me down.....

Member: Sending each of you the greatest of Monday blessings

​Member: A lot of buzz about the 7th. Today is the 7th.

Member: So why did Iraq shut down Telegram over the weekend?

MZ: There are a lot of Why’s out there? Seems to be preparation…..imo. I am expecting so much news throughout today. I really hope we need a midday podcast.

MZ: “Iraq shut down Telegram yesterday for National Security”  This was yesterday about noon their time. From a number of news agencies. They said it’s for “national security” that they suspended the popular messaging system.

MZ: We were also told they wanted control of information across borders in and out of Iraq close to the revaluation.  So things could not leak….It could be. We were told they would start controlling currency movement at the borders …and control the press releases…at that time….I think its interesting…let’s see if it pans out. .

Member: Iraq is shutting down the internet for 2 hours in the mornings.

Member: I was told Telegram was started by the deep state …..they are for sure reading everything posted there..

Member: A lot of social networks are monitored and watched closely by bad guys…probably good guys as well.

MZ: From Nader yesterday- on the Iraqi exchange rate:   They are going to have a new rate, they said they are going to have a new rate.  they need a new rate. I agree with him completely.

MZ: on rumors, bonds ect…….There was a lot of chatter over the weekend. I have not gotten a update today but have gone straight to voicemail when I tried to call Europe to find out if they processed or not. As of early this morning we have not seen movement in Asia yet…In Hong Kong or Shanghai ect on historic bonds. Its unusual to run into so many dead ends in Europe.

MZ: Could be nothing….could be they are processing or have an NDA.  We don’t know yet.

MZ: I do have a couple of calls scheduled throughout the afternoon that I hope will be enlightening on timing. Hope to find out if things have started , or not started , or have moved.

MZ: I still believe that it will all move at one time when they announce it to the Iraqi people. We are keeping a close eye on it.

MZ: Nothing from Sheila and Mr. C has not done his job yet. Nothing on Farm claims or CMKX yet.

Member: Why do we need to sign an NDA?

Member: Mark says its only about the rate……for security reasons. Because of contract rates?

Member: I believe ​Iraq will be first and float……..Why would you sign a NDA on a rate that will be public on forex? No you don't get special contract rate

Member: Lots of opinions out there with no concrete facts….Guess we won’t know for sure until we are at the banks.

MZ: I have been told over and over again the NDA will be about the rate. We can tell them we exchanged dinar…we are just not allowed to tell the specific rate we were paid. That is what I was told. This makes sense.

Member: Mr. C said we would all be going at the same time. He had not heard of tiers. I sure hope he enters those codes soon.

Member: So a shotgun start?

MZ: I totally believe it will be a shotgun start. They are positioning money and people are prepared. But I believe the money will go all at once.

Member: A lot of the boards have posted this morning that Iraq was given a 10 day deadline that ends on the 7th.

MZ: I don’t know about that…but, we do have reports (have not found it in print yet) but hearing from a source there that the budget instructions were indeed printed today. I am trying to find that before I say it happened 100%. I need that confirmation. But, that is what I am hearing.

Member: from a article...The budget enters into force.. The Ministry of Justice publishes the instructions of the law

Member: Search for Dinar published today: “The instructions of a triple budget law have been published in the Official Gazette,” said the Director General of Iraqi Chronicle, Hanan Munther Nassif.

Member: What is your guess of how many of hold a million or more dinar?

MZ: It’s a small percentage. My guess is maybe 80,000 in the US?  At one time maybe over 100,000…but many got desperate and sold it. But as a percentage…..I guess it’s a fraction of a percent.

Member: Some Wells Fargo customers were reporting that their deposits were disappearing from their accounts.

Member: On Judy today:  Mon. 7 Aug. the World’s largest bank, the United Bank of Switzerland (American Group), has announced they were making sweeping changes and restructuring the bank.

Member: From American Patritot: ON the Banking side, Bank of America was closing US branches in August. Banks had until Aug 6th to synch up with the Central Bank of Iraq & its new Iragi Dinar Rate. - Phil

Member: I cannot wait for all the truth to come out so my family quits thinking I am crazy

Member: When someone accuses you of wearing a tinfoil hat. Remind them its better than wearing a blindfold.

Member: Dear community, In order to live your dreams, sometimes, you must first survive your nightmares... Fear not and HOLD THE LINE!!!

“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!

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.

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

Youtube:   https://www.youtube.com/watch?v=xNLNcnLh8PM  

News, Rumors and Opinions Monday 8-7-2023

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. 7 Aug. 2023

Compiled Mon. 7 Aug. 2023 12:01 am EST by Judy Byington

Judy Note: So, what’s next in their strategy?

Well, they have already set us up for Global Food Shortages, along with the biggest Financial Collapse in history. Such would devastate the World’s economy – if not for the BRICS Alliance’s Global Currency Revaluation that kicked off way last Tues. 1 August 2023.

BRICS’ original five members – Brazil, Russia, India, China and South Africa – were due to convene in Johannesburg on Aug. 22-24. A potential expansion will be high on the agenda according to Kremlin spokesman Dmitry Peskov. Among those US states reported to have already joined BRICS was Texas, plus another 19 Federal States.

The Cabal’s Great Reset – a digital fiat currency designed to control your bank account and even what food and other items you could or could not buy – was set to go live very soon – except that the well laid out plan was in failure mode. Many countries and most US states have refused the offer to join.

Global Currency Revaluation:

Sat. 5 Aug. Financial Update, Charlie Ward: “We are coming into the biggest financial collapse you have ever seen. The bad guys want to usher in a New World Order One World Government World Economic Forum. They wish to collapse the World’s economy. This has been planned for a long time. It’s time to wake up. If they win they will completely control you.”

The Federal Reserve is technically bankrupt. In 2023 the Fed will post it’s first annual operating loss since 1915 – $80 Billion, with a negative capital of $38 Billion. This loss does not count the 1.3 trillion unrealized loss on it’s portfolio.

All BRICS Nations (Brazil, Russia, India, China, South Africa – plus 104 others) were releasing from the fiat US Dollar and no longer accepting it for international trade.

The Iraqi Parliament was in receipt of their budget with the new Iraqi Dinar Rate in it.

On Wed. 9 Aug. the new Iraqi Dinar Rate was expected to be revalued at a 1:1 with the USD and then begin trading up on the Forex – after that it cannot go down in value.

Last Fri. 4 Aug. the BRICS nations set a Back Wall for the RV at Sat. 12 Aug.

On the Banking side, Bank of America was closing US branches in August. Banks had until Sun. 6 Aug. to synch up with the Central Bank of Iraq and it’s new Iraqi Dinar Rate; Wells Fargo customers were reporting that their deposits were disappearing from their accounts, plus on Mon. 7 Aug. the World’s largest bank, the United Bank of Switzerland (American Group), has announced they were making sweeping changes and restructuring the bank.

Fri. 4 Aug. Wolverine: “The head of the Humanitarian financial instruments in Colombia just announced that all protocols are ready and that letter of exit to release the funds are ready and to thank everyone for this incredible blessing.”

Fri. 4 Aug. TNT Call: The banks are saying the RV could start at any time. FedNow was activated on Thurs. 3 Aug. Iraq is saying the budget instructions will be made public in the next 10 days, which could mean any time. The back wall is the 12th. It was agreed to be done by then.

Bearded Patriot confirmed that the first wave of liquidity started on Tues. 1 Aug.

MarkZ said that a number of very connected people to the RV had to be in place by Fri. 4 Aug. and on that Fri. 4 Aug. he again said, “A lot of people are traveling today.” He had received mixed reports of this going Sat. 5 Aug, Tues. 8 Aug. or Wed. 9 Aug.

On Sun. 30 July Russian President Vladimir Putin announced the Global Currency Reset and on Mon. 31 July, signed a digital ruble bill into law, approving the use of its central bank digital currency for payments starting from Aug. 1, 2023.

The BRICS Alliance has finally abandoned the USD for a global trade settlement – Cryptopolitan. The line has been drawn in the sand and BRICS nations have made a stand that could shake the global financial landscape. https://www.cryptopolitan.com/brics-abandons-usd-global-trade-settlement/

Sat. 5 Aug. Rumtel Update:

CBI has the budget. Banks have until Sunday to “synch up” with the Central Bank of Iraq.

Action on Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.

CBI will then “revalue” to 1,000 to 1. Target date is Wednesday.

CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.

Political hurdles have been cleared.

“Health crisis” of a major figure was an assassination attempt. Failed.

No moves left.

First major figure to “leave the stage” on Thursday 10 Aug.

This is the plan as of today Sat. 5 Aug, as I understand it from separate sources. We’ll see. All we can do is wait and hope that events unfold along these lines. Enjoy your weekend. Watch some sports and pray this in.

Read full post here:  https://dinarchronicles.com/2023/08/07/restored-republic-via-a-gcr-update-as-of-august-7-2023/

Courtesy of Dinar Guru:

Militia Man  The Central Securities Deposit System has a time frame on it that's going to start as early as, as they say specifically on the CBI's website...August 7th...All banks in the country were notified 14 days prior to the first of August to be set up and ready to go on this new system and they have until implementation day.  Their words not mine - August 7, 2023.   [Post 1 of 2....stay tuned]

Militia Man   What this could mean is that that sets the stage for them to be able to have the ability to funnel money into the Iraqi Stock Exchange from international circumstances...That's really really big because going international, the amount of money that will flow through their stock exchange is going to probably be astronomical.  It's going to be good for them...Iraqi citizens...investors...you and I.  It's a powerful thing.  Take it seriously.  It's coming to us now.  [Post 2 of 2]

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

ALERT! Heartland Bank Failure Was a FDIC Regulated SCAM to Bail Out Uninsured Depositors!

(Bix Weir)  8-7-2023

So it's taken me a while but I think I've figured out what happened to Heartland Tri-State bank when it failed last Friday. IT WAS AN FDIC SCAM!!

The "Official Reason" that the bank failed was... “We declared the bank insolvent because of a scam that they fell victim to. I can’t speak to the particulars of that. Investigations are ongoing. But it had nothing to do with interest rate increases. Nothing to do with balance sheet asset quality. Nothing to do with the Fed.” WOW!

Why not tell the world so we can make sure it doesn't happen to ANOTHER BANK? And WHY list those 3 items that it had "NOTHING" to do with: increased interest rates, asset quality & THE FED?!

 All I can say is that Government officials make TERRIBLE LIARS!

 The truth is that Heartland Tri-State Bank had been under a secret "restructuring" for the past 3 years and the losses were just too big to hide any longer forcing the bank to be shutdown. The FDIC had to structure a secret bailout of over $40M for the Uninsured Depositors!

https://www.youtube.com/watch?v=0X45qWPmKwU

"Tidbits From TNT" Monday Morning 8-7-2023

TNT:

CandyKisses:  Urgent…Iran: Iraq paid off part of its debts and its amounts were transferred to a third country

{Economic: Euphrates News} The Iranian Foreign Ministry announced that Iraq paid part of its debts to Iran for supplying gas to it.

“This money has been transferred to a third country,” an Iranian foreign ministry spokesman said at a press conference today, stressing that “technical talks will continue on that.”

Last month, the US State Department announced that part of Iran’s money in Iraqi banks would be transferred to Oman.

These funds will be held in Oman, but Iraqi restrictions on these funds will also apply in Oman and these funds can only be used for humanitarian and non-sanctioned purposes, and any transfer must be approved by the US Treasury Department," she said.

https://alforatnews.iq/news/إيران-العراق-سدد-جزءاً-من-ديونه-وتم-نقل-مبالغها%C2%A0الى-دولة-ثالثة

Tishwash:  Headed by the Minister of Defense.. A high-ranking Iraqi security delegation visits Washington

 Today, Monday (August 7, 2023), the spokesman for the Commander-in-Chief of the Armed Forces announced that a delegation from the Iraqi Ministry of Defense has begun a visit to the United States of America, while pointing out that the delegation will discuss the future of the relationship between Iraq and the international coalition.

Major General Yahya Rasool said in a statement received by "Baghdad Today", that "at an official invitation from the US Department of Defense (The Pentagon), a high-level delegation headed by Iraqi Defense Minister Thabet Muhammad Al-Abbasi began a visit to the United States of America, noting that" the delegation includes the head of the security apparatus Combating Terrorism, First Lieutenant General Abd al-Wahhab al-Saadi, Chief of Staff of the Army, Lieutenant General Abdul Amir Rashid Yarallah, Special Forces Lieutenant General, Lieutenant General Qais al-Muhammadawi, Deputy Commander of Joint Operations, and a number of advisors and officers.

He added, "During this visit, the delegation will hold several meetings to discuss a number of issues, foremost of which is the future relationship of the presence of the international coalition, bilateral security cooperation between Iraq and the United States, and the exchange of experiences and information, especially in the intelligence aspect in pursuing the remaining elements of the terrorist gangs of ISIS."

And the spokesman for the Commander-in-Chief added, "The visit also includes holding a series of meetings and conferences with officials in the US Department of Defense in a way that serves the common interests between the two countries  link

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

CandyKisses:  Will you move to Iraq? Great demand for gold in Istanbul due to the rise of the dollar

A report by Wall Street Journal journalist Jared Malsen revealed that many Turkish traders tend to inject money into foreign currencies, gold and cryptocurrencies, due to the deterioration in the value of the local currency, the lira, which has lost more than 80 percent of its value in the last five years.

Citing traders in Istanbul's Grand Bazaar, Malsen says there is an "atmosphere of panic" where "people think the dollar is going to rise, so there is higher demand right now."

The dollar exchange rate in Turkey on Monday is 27 liras.

The Wall Street Journal journalist quotes gold traders in Istanbul as saying that there has been a significant increase in the demand for buying the precious metal.

Buyers use gold as a "financial instrument," according to traders Malsen spoke to.

Turkey's economic turmoil has put pressure on merchants in the bazaar, who have played a central role in the economy since the construction of the vast covered market during the days of the Ottoman Empire more than five centuries ago.

Gold traders worry that the profits from the high demand for the metal do not offset the negative impact of the turmoil in the Turkish economy.

Turks and other traders have to deal with a complex web of rules imposed by the government in recent years to scare foreign currency and prevent the country from descending into bankruptcy.

These rules include a rule forcing companies to convert 40% of their foreign currency profits into lira, according to the report.

According to many economists, the lira's collapse is the result of an era of economic mismanagement by Turkish President Recep Tayyip Erdogan.

Erdogan has in recent years pressured the central bank to cut interest rates despite the country's high inflation rate — the opposite of what central banks usually do.

Erdogan has tried to reverse course since winning a close election in May in which his opponents attacked him over Turks' purchasing power and many cut meat, fish and even vegetables, according to the Wall Street Journal.

Analysts say the newly appointed central bank governor, Hafiz Jay Erkan, and Finance Minister Mehmet Şimşek raised interest rates, but too slowly to control inflation.

The Turkish lira continued to fall after the central bank meeting in July, in which officials decided to raise interest rates by just 2.5 percentage points, a move that slowed the pace of rate increases and put the lira under further pressure.

The decision disappointed some economists and investors who had hoped Şimşek and Erkan would be more decisive on tackling inflation, according to the report.

It is noteworthy that Iraq has been witnessing for more than two weeks a rise in the exchange rate of the dollar, where it currently exceeds 1500 dinars, so will gold be a safe haven for citizens in the face of fluctuations in the price of foreign currency?

Mot:  Here We Goooo Again - sooo I'm ~~~~

Mot:  How True!! -- How True!!!

More News, Rumors and Opinions Sunday Afternoon 8-6-2023

KTFA:

Clare:  The Minister of Finance discusses the British ambassador with the steps of Iraq's accession to the "global financial system"

8/6/2023

The Minister of Finance receives the British ambassador, and they discuss joint financial cooperation and exchange of experiences.  The six Ministers of Finance, Taif Sami Muhammad, received today, Sunday, at the Ministry's headquarters, the UK Ambassador to Baghdad, Mr. Stephen Hitch, and his accompanying delegation.    

The meeting witnessed discussions on the consolidation of bilateral relations between the two friendly countries, through the development of joint cooperation in the field of finance and economy and the exchange of experiences, in addition to discussing joint cooperation mechanisms in the field of supporting financial and banking policies and building human capacities, and discussing Iraq's steps to engage with the international financial system and the most prominent measures and reforms it is making.

The government in the field of the banking and financial sector, which contributes to the promotion of economic development in Iraq  LINK

Clare:  Planning: Budget instructions issued this week and many projects will see the light of day

  8/6/2023

The Ministry of Planning announced that the mechanisms of the financial budget will be issued this week, and many lagging projects will see the light at the end of this year and the beginning of next year.

And the Undersecretary for Technical Affairs, Maher Johan, stated, in a press statement, that "the budget did not linger and was not disrupted, but after the approval of the budget law in its final form and the corrections that were made to it by the House of Representatives and the government, we met during the past two weeks officials of the ministries and governorates and developed quick plans to serve the implementation projects".

He explained, "We cannot finance projects in an advance manner, and we must finance according to what has been ratified and approved in the budget law, by finding a legal basis for issuing instructions that will be published in the Iraqi Gazette and issued at the end of this week as a maximum."

Johan pointed out that "the government program stresses the implementation of service projects that are quick to complete as soon as possible, so the bulk of the budget will be for the completion of strategic projects related to infrastructure, such as sanitation, health, education, and electricity projects," stressing that "these projects are not few."

And if they are completed, they will achieve a qualitative leap in the service reality, and quite a few of these projects will see the light at the end of this year, but in the next year, work will continue to complete the lagging projects.   LINK

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

Courtesy of Dinar Guru

Nader From The Mid East  I'm gonna disagree with you [Guru Pimpy] when you say the budget doesn't need a new exchange rate because Iraq has been living for 20 years with a bad exchange rate and it didn't bother us.  No, it bothered us a lot and things are very very expensive...Why we need a new exchange rate?  First for purchasing power.  Second when we travel a lot especially for work or even for pleasure...If I want to come over here [The US] on vacation I can't.  If I want to go to Europe...Australia... Canada I can't.   [Post 1 of 2....stay tuned]

Nader From The Mid East   Forget anywhere in the world.  Even Africa I can't because when I take 2 million or 3 million dinars if you...have a family like me...15 day or even a week that's not enough...Before 2003 when Saddam was alive a minimum paycheck used to be $3,000...which is 1000 dinars.  With 1000 dinar you can do a lot of things...I can bring in my family for a week...Iraq needs an exchange rate.  Need their money to go back at least 1 to 1.  1 to 1 would be very fair.  3 to 1, 2 to 1 would be better.  But for now 1 to 1.    [Post 2 of 2]

Germany’s Industrial Collapse Just Got Worse

Sean Foo:  8-6-2023

Germany's recession and industrial crisis are getting from bad to worse. Because of Germany's push towards green energy, their Minister of Economy is predicting 5 long years of economic pain for the country.

This involves higher deficit spending to help transition to renewables to prevent a total collapse of German industry. Here's what you must know!

Timestamps & Chapters:

 0:00 Germany's Risky Energy Bet

2:16 Debt Or Deindustrialization

4:37 German Economy In Survival Mode

7:15 Huge Solar Dependency On China

9:41 Will France Take Over?

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

Must Watch). MARKETS A LOOK AHEAD: THE GLOBAL ECONOMY IS IN A DELIBERATE DE@TH SPIRAL.

Greg Mannarino:  8-6-2023

https://www.youtube.com/watch?v=zi7OSKtBsVo

"Tidbits From TNT" Sunday 8-6-2023

TNT:

Tishwash:  The Sudanese advisor talks about the government's "obligation" of countries to recover money and hand over the corrupt

Today, Sunday (6 August 2023), Hisham Al-Rikabi, media advisor to the Prime Minister, Muhammad Shaa Al-Sudani, confirmed that the Iraqi government has obligated countries to recover looted Iraqi funds and hand over the corrupt to the Iraqi judiciary. 

Al-Rikabi, in a tweet on the "X" platform (formerly Twitter), said, "The government's efforts to retrieve the wanted persons to the Iraqi judiciary through Interpol will leave the countries hosting the wanted persons with no choice but to hand them over to the Iraqi judiciary for trial. link

CandyKisses: 'Coming soon'.. Iraq to appoint 70 ambassadors to represent it diplomatically in the world

Baghdad - NAS  

The Parliamentary Foreign Relations Committee revealed that Iraq has adopted a policy of productive diplomacy and revealed a plan to appoint about 70 qualified ambassadors to represent Iraq diplomatically in the world soon.     

A member of the committee, Jabbar al-Kinani, explained in a statement to the official newspaper affiliated with "Nas" on Sunday (August 6, 2023), that "the task of nominating ambassadors will be equally between the Ministry of Foreign Affairs, which will nominate 35 candidates, and their representatives for the participating political forces

Considering that the issue of diplomatic representation is political and not administrative, which requires a balance in providing the best qualified for the position of Iraq's ambassador to the countries of the world, and avoiding employing figures affected by the cultures of authoritarianism and sectarian and national conflict that prevailed in the country in previous times."    

"The Foreign Relations Committee undertakes two main tasks; the first is to legislate laws that require their preparation in accordance with successive developments and events, and the second is the supervisory role and productive job performance to support the aspirations of citizens in development and investment, enhance Iraq's international standing, confront all hostile foreign tendencies, and strengthen the bonds of friendship and economic and political relations with the countries of the world," al-Kinani said.  

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

Tishwash:  Al-Nusairi: The Central Bank's statement is a roadmap to ensure monetary stability 

 Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, confirmed that the central bank’s statement clarifying the basic facts related to the exchange rate (US dollar) in the local markets and the role of the central bank in providing foreign currency through its official sources, is the road map for the new phase to achieve stability in the money market, in a way that maintains To stabilize the exchange rate and help recover the Iraqi dinar and reach a point of balance with the announced official price, which is 1,320 dinars per dollar.

Al-Nusairi indicated, in an interview with "Al-Iqtisad News", that what is called the parallel market is not real, and that what is present in the circulation of foreign currency is a black market that is controlled by speculators by withdrawing the official cash dollar from some non-authorized money changers and outlets for the purpose of covering illegal imports and through illegal border crossings.

Official, which was clearly identified in the statement. Because the source of the dollar in Iraq is the Central Bank exclusively, and there is no other source of the dollar that may come from exports to the private sector, the arena, or transfers to residents abroad.

Al-Nusairi stressed that the system currently adopted to provide the dollar at the official rate is done through the electronic platform exclusively for external transfers and documentary credits for merchants and businessmen, and through international money transfer companies (Western Union and MoneyGram) for personal external transfers abroad such as study and treatment wages, etc., and through banks. And metaphorical money changers A, b, and mediator C. Cash dollars are transferred to travelers  in accordance with the instructions in force.

He hinted that the Central Bank follows the market closely in accordance with Law 56 of 2004 through its inspection and oversight teams, and it constantly addresses the obstacles that prevent small traders from entering the electronic platform and works to facilitate them, targeting their gain and securing the necessary flexibility for them to obtain the dollar at the official rate and facilitating tax and customs procedures in coordination with government agencies. In order to preserve the safety of money movement and foreign trade, adhere to the Anti-Money Laundering and Terrorist Financing Law No. 39 of 2015, comply with international standards, and maintain the stability of our financial and banking system and protect it from risks.

Al-Nusairi concluded his speech by inviting the competent government agencies, the media, merchants, businessmen and citizens to cooperate with the government measures issued by the Prime Minister and work to implement the instructions and regulations of the monetary authority for the purpose of maintaining stability in the exchange rate and the recovery of the Iraqi dinar, especially since it is strong and covered by foreign cash reserves exceeding 113 One billion dollars now, and let our motto always be (Our dinar is our sovereignty)  link

Mot: WHY do I find these Just before Going to Bed??? - Now I Will Wonder All Night siiggghhhhh

What if they're not stars, but holes poked into the top of the container so we can breathe.

Mot:  .. Don´t know much about history

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

News, Rumors and Opinions Sunday AM 8-6-2023

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 Special Report Restored Republic via a GCR Sun. Morning 6 Aug. 2023

Compiled by Judy Byington

Sat. 5 Aug. Rumtel Update:

CBI has the budget. Banks have until Sunday to “synch up” with the Central Bank of Iraq.

Action on Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.

CBI will then “revalue” to 1,000 to 1. Target date is Wednesday.

CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.

Political hurdles have been cleared.

 “Health crisis” of a major figure was an assassination attempt. Failed.

No moves left.

This is the plan as of today Sat. 5 Aug, as I understand it from separate sources. We’ll see. All we can do is wait and hope that events unfold along these lines. Enjoy your weekend. Watch some sports and pray this in.

TNT Candy Kisses: The Iraqi Parliamentary Finance Committee stated on Sat. 5 Aug. that the Iraqi budget (that contained the new Iraqi Dinar Rate) would be implemented sometime this week. Clare: And finally – 50 days after its approval, the budget enters into force.

Timeline:

Sun. 6 Aug. Banks have until Sunday 6 Aug. to “synch up” with the Central Bank of Iraq. Action on that Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.

Mon. 7 Aug. United Bank of Switzerland American Group is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday 7 Aug. – they are restructuring the bank.  https://www.reuters.com/business/finance/ubs-nears-major-investment-bank-restructuring-sources-2023-08-04/

Wed. 9 Aug. CBI will revalue the Iraqi Dinar to 1,000 to 1. The CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.

Aug. 9 through 18: The US Navy and Marines were planning a large scale exercise that would encompass six Maritime Commands, seven Fleets and 22 Time Zones. 25,000 sailors and Marines prepare for global conflict in large scale exercise.

Thurs. 10 Aug. “First major figure to “leave the stage.”

Sat. 12 Aug. drop dead deadline for the RV as decided last Fri. by BRICS nations.

Read full post here:  https://dinarchronicles.com/2023/08/06/restored-republic-via-a-gcr-special-report-as-of-august-6-2023/

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

Courtesy of Dinar Guru

Mnt Goat    In today’s news the CBI tells us that on Thursday (August 3, 2023), the Central Bank of Iraq revealed new decisions that will be issued next week to reduce the price of the dollar in Iraq...We know this is the fourth time the CBI told us they were implementing a package of currency reforms...

Nader From The Mid East  We're waiting for next week.  We see what's going to happen.  I hope we go to 1000 because once it goes to 1000 I'm sure they're gonna remove the zeros and it's be 1 to 1.  I hope so.  I hope this was gonna happen.  That's what everybody think is going to happen.  But it's tough.  It's not easy...

The Boom is Over. The Bust has Begun

Heresy Financial:  8-5-2023

What is leverage? Archimedes once said, Give me a lever long enough and a place to stand, and I can move the world.

 Now, there are obviously many forms of leverage, but economically speaking, the state we are concerned about is debt. Now, debt is described as leverage for a few reasons.

Number one, it increases the strength of your purchasing power. If you have a dollar, instead of just $1, maybe you can spend 50 or $2 or more.

 The second reason is described as leverage because it works both ways. In other words, debt increases risk.

So what does leverage have to do with the boom-bust cycle? As we will see, leverage is the engine that drives the boom-bust process. On the way up, we are increasing the amount of leverage in the system, but everything that goes up must come down.

And so every levering up is always followed by a deleveraging. And the way down the bust is a deleveraging. So where are we now? What will this deleveraging, this bust look like?

TIMECODES

0:00 Video Overview

 1:09 How Did We Get Here

 11:35 How this Plays Out

15:30 How Deleveraging Should Unfold

https://www.youtube.com/watch?v=Pi4CHqn1ppI