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

News, Rumors and Opinions Sunday AM 10-1-2023

Greg Hunter (w/ Charles Nenner): Short America and Go Long BRIC Countries

Sept 30 2023

By Greg Hunter’s USAWatchdog.com (Saturday Night Post) 

Renowned geopolitical and financial cycle expert Charles Nenner has been warning his war cycles were turning up. 

Nenner says, “It happens like clockwork in the second decade of a new century.”  Nenner says it’s a lot like the stock market running out of gas, and he warns, “It’s like a stock market that is topping. 

First, the weak stocks go down.  Then, the indexes are still holding up, and then the big ones go down.

  Now, you see for instance, Apple also came down, but first, the small stocks came down.  It’s already happening, but you only see the results suddenly when the whole thing crashes. . .

Greg Hunter (w/ Charles Nenner): Short America and Go Long BRIC Countries

Sept 30 2023

By Greg Hunter’s USAWatchdog.com (Saturday Night Post) 

Renowned geopolitical and financial cycle expert Charles Nenner has been warning his war cycles were turning up. 

Nenner says, “It happens like clockwork in the second decade of a new century.”  Nenner says it’s a lot like the stock market running out of gas, and he warns, “It’s like a stock market that is topping. 

First, the weak stocks go down.  Then, the indexes are still holding up, and then the big ones go down.

  Now, you see for instance, Apple also came down, but first, the small stocks came down.  It’s already happening, but you only see the results suddenly when the whole thing crashes. . .

.Americans seem to have no worries about the war that could be coming. I don’t want people to lose sleep, but the pact is forming.  It is China, Russia, North Korea and Iran.  They are going against the United States that does not have a functional army anymore. . . .

Who do the Americans think they are?  It’s over, they can’t rule the world anymore.  If they are going to fight all these countries, I don’t think it is going to end well.”

Does Nenner see the American Empire ending?  Nenner says, “I think it ended already, but we just don’t know it yet. 

One of the signals of end of empire is bad education, which we have.  Another signal is the lifespan of people is shorter than for the people before.  What do you want me to say?  It does not look good, does it? 

Another signal is your children have it worse than the generation before.  So, there is a whole list of signals, and it points to the United States is in trouble. . . . I would be short America . . . and I would go long the BRIC countries (Brazil, Russia, India China).

Nenner says the stock market is on its way to being “substantially lower, but not just yet.”  Nenner also sees the cycles for gold, silver, bonds and real estate all going lower from here, but gold and silver will be going back up longer term. 

The only thing Nenner likes right now are short-term Treasury bonds.  The dollar will hold up for now, but it is headed much lower in the not-so-distant future.  Nenner also likes energy, but it is cycling down at the moment. 

Nenner says, “Inflation goes up and down” and warns, “Inflation is starting another up trend.”

This round of inflation is probably going to be very painful for the common man.

There is much more in the 41-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned cycle analyst and financial expert Charles Nenner for 9.30.23.

https://rumble.com/v3lxix7-short-america-and-go-long-bric-countries-charles-nenner.html

https://dinarchronicles.com/2023/09/30/greg-hunter-w-charles-nenner-short-america-and-go-long-bric-countries/

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Courtesy of Dinar Guru   https://www.dinarguru.com/

Frank26  I don't care if they come out at 1132.  I don't care if they come out at $0.10.  I don't care if they come out at $0.50.  You think it's going to stay there for long when the world is wanting to pour in?  Whatever the rate is they come out at, in a blink of an eye - bam, you better know when to hold'm and when to fold'm.

Angel1   When the UST Secretary Rosenberg was here a couple weeks ago, the day after she left, auctions changed...and there were changes after the UN meetings.  There have been tons of changes because things have been signed off.

The Fed Can't Let THIS Happen | Michael Oliver

Liberty and Finance:  10-1-2023

Why are precious metals falling? Momentum analyst Michael Oliver points to the recent collapse in the bond market.

He explains why the sell-off in metals is likely to be short lived.

 However, he expects downward pressure in the stock market which will force the Fed to pivot. A Fed reversal would likely be very bullish for gold and silver.

INTERVIEW TIMELINE:

0:00 Intro

2:00 Gold pullback

 16:53 Stock market

23:00 Silver update

26:30 Oliver MSA

27:25 Last thoughts

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

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Economist's "News and Views" Saturday 9-30-2023

Citibank Already Starting To Ditch The Dollar, Markets Are Now Freaking Out

Atlantis Report:  9-30-2023

What happens when 90% of the American population finds out that years of savings and investment into 401 k retirement has disappeared?

Calls to move away from relying on the dollar for trade are already growing. More and more countries; from Brazil to Southeast Asian nations; are calling for trade to be carried out in other currencies.

The United States dollar has been king in global trade for decades; not just because America is the world’s largest economy, but also because oil is priced in the greenback.

Most commodities are also priced and traded in dollars.

Citibank Already Starting To Ditch The Dollar, Markets Are Now Freaking Out

Atlantis Report:  9-30-2023

What happens when 90% of the American population finds out that years of savings and investment into 401 k retirement has disappeared?

Calls to move away from relying on the dollar for trade are already growing. More and more countries; from Brazil to Southeast Asian nations; are calling for trade to be carried out in other currencies.

The United States dollar has been king in global trade for decades; not just because America is the world’s largest economy, but also because oil is priced in the greenback.

Most commodities are also priced and traded in dollars.

But since the Federal Reserve embarked on a journey of aggressive rate hikes to fight domestic inflation, many central banks around the world have raised interest rates to stem capital outflows and a sharp depreciation of their own currencies.

https://www.youtube.com/watch?v=3nh2FrhVmRo

Economist Perfectly Called Inflation, Now Predicts Fed Pivot, Recession In 2024 | Steve Hanke

David Lin:  9-30-2023

Steve Hanke, Professor of Applied Economics At Johns Hopkins University, predicts that by 2024, inflation will drop to 1% to 2%, there will be a recession, and the Fed will pivot.

0:00 - Intro

0:20 - Inflation review

4:55 - Inflation outlook

6:00 - Fed pivot

8:20 - Labor market

13:10 - Deflation?

14:55 - Price control

19:45 - Fiscal policy

24:20 - Government shutdown

26:50 - Soft landing?

30:43 - Gold sentiment

https://www.youtube.com/watch?v=m8WT2I-sHYY

THIS Is Unthinkable - America Considers Crossing The Economic Red Line

Sean Foo:  9-30-2023

In a shocking twist of events, America's special envoy is discussing the possibilities of using Russia's frozen reserves to rebuild Ukraine.

While this might be an immediate win for the West, it opens up Pandora's box to more de-dollarization risks and a complete breakdown of financial trust.

Here's what you must know & why the big winner will be physical gold.

Timestamps & Chapters:

0:00 Confiscating Russian Reserves

2:23 How This Can Happen

 4:22 Trust Will Break Down

6:19 De-Dollarization Will Accelerate

8:35 The Big Winner

https://www.youtube.com/watch?v=2s4cQ6nzsKo

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More News, Rumors and Opinions Saturday Afternoon 9-30-2023

TNT:

Tishwash:  Al-Fateh: The American decision still dominates Iraq.. What do we need to get rid of it?

Today, Saturday, the Al-Fatah Alliance said that the American decision is still “dominant” over Iraqi political decision-making, and while it confirmed that the country has not fully recovered, it indicated the possibility of removing Iraqi funds from American custody.   

The leader of the coalition, Aed Sahib, said in an interview with the Maalouma Agency, “America is putting pressure on Iraq because it has not completely emerged from the UN resolutions, especially since the process of removing Iraqi funds from American custody may cause the loss and seizure of these funds.”

He added, "The Iraqi state's decision has not fully recovered. If we want to compare the strength of the Iraqi decision and Qatar's in dealing with the United States of America, we notice that the latter has a very great advantage, as it possesses large sovereign funds."

TNT:

Tishwash:  Al-Fateh: The American decision still dominates Iraq.. What do we need to get rid of it?

Today, Saturday, the Al-Fatah Alliance said that the American decision is still “dominant” over Iraqi political decision-making, and while it confirmed that the country has not fully recovered, it indicated the possibility of removing Iraqi funds from American custody.   

The leader of the coalition, Aed Sahib, said in an interview with the Maalouma Agency, “America is putting pressure on Iraq because it has not completely emerged from the UN resolutions, especially since the process of removing Iraqi funds from American custody may cause the loss and seizure of these funds.”

He added, "The Iraqi state's decision has not fully recovered. If we want to compare the strength of the Iraqi decision and Qatar's in dealing with the United States of America, we notice that the latter has a very great advantage, as it possesses large sovereign funds."

The leader of the Al-Amiri coalition explained, “These policies confirm one thing, which is that Iraq has not officially recovered, and the American decision is still dominant and in control of Iraqi political decision-making.”

Sahib said: “We need a long period for Iraq to get rid of these accumulations and control its economic situation away from America.”

The head of the Victory Alliance, Haider al-Abadi, had previously confirmed that America is imposing measures on us regarding the dollar without stopping its smuggling through the banks of Turkey and the Emirates, indicating that Washington considers Iraq a “wall of fate.”

During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets.   link

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Tishwash: The Governor of the Central Bank talks about 9 files, most notably the exchange rate and inflation

9/30/2023

Central Bank Governor Ali Al-Alaq revealed the success of monetary policy in reducing the inflation rate in the country, and while announcing the date of abandoning the electronic platform, he pointed to the reasons for stopping the industrial initiative and imposing interest on housing loans.

 The Governor of the Central Bank, Ali Al-Alaq, said in an interview with the Iraqi News Agency (INA), followed by “Al-Iqtisad News”: “The Central Bank views the exchange rate as something directly related to the general level of prices in the country, and that the bank has succeeded in covering the needs of importers at the official price.”

He stressed that the monetary policy succeeded in maintaining the general level of prices through the most important indicators of inflation, which witnessed a decline, and this is the main matter that the Central Bank focuses on in the success of its monetary policy.

He added that “maintaining the general level of prices and a low inflation rate indicates The success of the monetary policy, especially after real traders engaged in the conversion process at the official rate, which gave reassurance in the conduct of foreign trade.”

The electronic platform
 
He pointed out that “the electronic platform witnessed many difficulties at the beginning of its work, which led to the reluctance of some people to enter it,” indicating that “the implementation rate in the electronic platform has now increased from 20 percent to 95 percent, and this gave reassurance that entering the platform provides speed and safety.” .
He pointed out that "accessing the electronic platform in the external transfer process spares all parties from the risks of being exposed to local and international sanctions," warning of some merchants who cannot work in an organized atmosphere and are looking for chaos, and that the Central Bank is working to contain this challenge in coordination with the government to besiege it. These are the categories that are being diagnosed and followed up.”

Al-Alaq stated that “90% of the Central Bank’s sales are for the purposes of remittances and external transfers, and they are proceeding smoothly and at the official price (1320), but the problem lies in the cash side, which represents 10% of internal daily sales,” indicating that “ten percent is sufficient.” To meet the needs of travelers, but some are trying to dominate by withdrawing the amount allocated to travelers, which creates pressure and an increase in the cash price, and these parties have been identified as carrying out illegal and criminal operations.”

Al-Alaq revealed the process of developing the cash sales system allocated to the traveler within a system prepared by exchange companies, and it is being developed to fill the gaps, and does not accept repetition and the unreal traveler,” denying that there is a tendency to stop selling cash dollars to travelers, and that the Central Bank has no problem in covering requests.

The correct and legitimate ones are within the categories (travelers - study - treatment - private transfers), as the bank provided this through financial transfer companies represented by (Western Union and Mini Card).”

Direct transfer

He explained that "the electronic platform is now being gradually transitioned to direct transfer between the Iraqi Bank and the correspondent bank, with an international auditing company in the middle, stressing that the Central Bank has cut the 60 percent that does not pass through the platform, but rather is a direct transfer."

Al-Alaq noted that "next year The Central Bank will permanently cease being an intermediary in the process, and the electronic platform will end next year and become direct transfer operations as internationally approved. This is a major shift that will put things on the right path, accelerate transfer operations, and intertwine relations with international banks.”

The truth about Iraq's loss of 27 trillion

He pointed out that “the idea of ​​linking the exchange rate to filling the general budget deficit is an inaccurate view, and that the central bank is responsible for determining monetary policy, determining the exchange rate within the indicators it has, and achieving the goal of monetary policy,” indicating that “the calculation process is for those who say that Iraq will lose 27 trillion.”

The difference between changing the exchange rate is a wrong process, and 30 percent of oil revenues do not enter the central bank, because the Ministry of Finance uses them for external payments, while the second part is that the exchange rate should not be linked to achieving balance in the budget.

US Treasury

Al-Alaq confirmed that “the US Assistant Secretary of the Treasury praised during her visit to Iraq the measures taken by the Central Bank to organize the external transfer process, implement compliance rules, combat money laundering and terrorist financing, and direct coordination between the Central Bank, the US Treasury and the Federal Bank, and there is very great American satisfaction.” In this context".

Penalties on banks.

He noted that “the Central Bank is conducting a review and audit process to diagnose violations on the 14 banks who were subject to restrictions and denial of access to the dollar,” indicating that “the Central Bank indicated the presence of a response and compliance from the 14 banks to the specified standards.”

He stated that "the American side does not restrict the demand for the dollar, and there is coordination regarding cash shipments through an annual agreement on the number of shipments and their dates," stressing that the Central Bank prefers to use non-cash payment tools through the use of cards (Visa and MasterCard), which has recorded a significant increase. During the past months, this is a good indicator that reduces the focus on the use of cash, and reduces the trouble of reviewing companies to obtain cash dollars.”

Regulating trade with Iran

Al-Alaq added, "There are ongoing discussions to regulate the import process from the Iranian side in a way that does not expose Iraq to any problems by violating sanctions and agreements," indicating that "the Central Bank will reach a clear formula in organizing the trade process, especially since part of it is through barter."

He stated that "an agreement was reached to settle the debts incurred by Iraq from Iranian gas imports through a new method through which these amounts are paid."

Adopting new currencies.

He noted that “there is work to adopt the UAE dirham, the Turkish lira, the Indian rupee, and the euro as part of the process of facilitating external transfer by opening direct outlets in the currencies of the countries we deal with,” noting that “the trade balance with India amounts to 3 billion.” Dollar, and there are also high numbers for imports from the Emirates and Turkey.”
He stressed that "the Central Bank has reached advanced stages of understanding in adopting the currencies of these countries, which will facilitate the external transfer process."

Campaign to support the dinar.

Al-Alaq said, “The campaign to support the Iraqi dinar is multi-faceted and multi-party. Its goal is the sovereignty of the local currency in internal transactions instead of foreign currencies, which are being limited. There is a gradual transition process within the Prime Minister’s directive to limit dealing in the Iraqi dinar internally, and to oblige companies to do so, which A large percentage of them responded.”

The industrial initiative and housing loans.

Al-Alaq pointed out that “the industrial initiative has not stopped, but the amounts approved for it have been exhausted, and the volume of the loaned initiatives has reached more than 13 trillion dinars,” indicating that “the Central Bank has raised the interest on the housing initiative to 2 percent, and this is a low price compared to other countries.” Globalism".

He explained that "the stated interest does not include complexes that received previous payments, while it includes new complexes."    LINK

Courtesy of Dinar Guru   https://www.dinarguru.com/

Nader From The Mid East  About the HCL - We received some payments...I checked my bank over there.  I received some money.  It's good news.  It's great.  So the HCL start paying.  This time we got some money.  Next time a little less but it's going to be month to month and it's going to depend on if oil is going up or down...hang in there.  It's happening.

Sandy Ingram  More than a few people are saying we are unwise to expect that the IQD will revalue to $1 or $2.  What people outside the IQD investment do not yet understand is this - Even if the IQD only increases in value to $0.20 to 1 Iraqi dinar, in the beginning, many people would experience a profit of $200,000 [$0.20 X 1,000,000] or more.  This is when visitors stop talking down to IQD investors and start asking where can I purchase the currency...

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Governor is scared

Nader:  9-30-2023

https://www.youtube.com/watch?v=7R-kRgCMpPs

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Alasdair Macleod: US Dollar Poised For Complete Collapse! Gold Paper Market Crisis Looming

Alasdair Macleod: US Dollar Poised For Complete Collapse! Gold Paper Market Crisis Looming

Good as Gold Australia:  9-30-2023

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia, interview Alasdair Macleod - Head of Reaserch at GoldMoney.

In the last 12 months, the price of gold in Japan has risen 21% and over the last 5 years, it has risen at an average of 22% per year.

 In Argentina, the price is up 184% in 12 months and over 1,300% in the last 5 years. In Turkey, the price has risen 62% over the past 12 months and over 600% in the last 5 years.

Alasdair Macleod: US Dollar Poised For Complete Collapse! Gold Paper Market Crisis Looming

Good as Gold Australia:  9-30-2023

In this latest interview, Brian and Darryl Panes from As Good As Gold Australia, interview Alasdair Macleod - Head of Reaserch at GoldMoney.

In the last 12 months, the price of gold in Japan has risen 21% and over the last 5 years, it has risen at an average of 22% per year.

 In Argentina, the price is up 184% in 12 months and over 1,300% in the last 5 years. In Turkey, the price has risen 62% over the past 12 months and over 600% in the last 5 years.

In China, gold has surged this month over $100 an ounce on international prices. In US Dollars, however, the price of gold remains quite stable. Why is this and what would it need to see the US Dollar follow suit?

Is Russia going to be the first to a 'gold standard' and will it influence the BRICS + Nations soon after?

 Central Banks are buying gold in huge amounts, and at the same time they are talking CBDCs. What can we expect as the final outcome?

One of the main takeaways from the BRICS Summit meeting in Johannesburg was the confirmation of the addition of 6 new nations. This will mean with United Emirates, Saudi Arabia and Russia, that BRICS will have the 3 largest oil producers in the world.

Surely this spells the end of the Petrodollar, and with it, the end of the Dollar's dominance. Now more than ever before it has become imperative to own gold.

https://www.youtube.com/watch?v=FXD5tdapbbU

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Weekend News With MarkZ 9-30-2023

Weekend News with MarkZ

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

MZ: We talk with Matt and Lucas (CBD Gurus) for the first 30 minutes and then talk about the news of the week and what next week may bring.

Mark, hope your having a good time in Vegas. Just remember what happens in Vegas stays in Member: Vegas.

Member: Welcome to the weekend….and the last day of September…and the Last day of the fiscal year 2023!!!!  

Member: And it’s a Saturday…..Saturday night is when all the banks close worldwide for a short time……coincidence????   Or Perfect Storm ?

Weekend News with MarkZ

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

MZ: We talk with Matt and Lucas (CBD Gurus) for the first 30 minutes and then talk about the news of the week and what next week may bring.

Member: Mark, hope your having a good time in Vegas. Just remember what happens in Vegas stays in Vegas.

Member: Welcome to the weekend….and the last day of September…and the Last day of the fiscal year 2023!!!!  

Member: And it’s a Saturday…..Saturday night is when all the banks close worldwide for a short time……coincidence????   Or Perfect Storm ?

Member: Did anyone hear Nader yesterday? He says he got paid from the HCL

Member: What is the HCL?

MZ: The Hydo Carbon Law. Its where they share money, profits, revenues from oil-natural gas ect…..with the citizens of Iraq including the Kurdish region. We have been told for many years this is a key piece. And Very soon after the HCL was implemented we were told that we would see the dinar value changes.

Member: Wish he said something about rate - I've seen $5 in country elsewhere

Member: TNT also stated he received reports from Iraq contacts that they received HCL funds. He mentioned a rate of $5.00! WOWZA

Member:  I wouldn't be surprised if it went that high... So much has been kept under wraps for a long time on purpose

Member:  It's right in the middle of Mark's expected range - 4-6

MZ: So HCL money….Nader is saying there are reports of people receiving HCL money. That does not mean a revalued dinar yet. Just that the HCL is completed and paying.

MZ: I am continuing to hear very positive stuff on expectations of a rate change. They are giving us dates from this weekend to sometime in the first week of October.

MZ: Nothing on CMKX and Mr. C did check in this morning and he has not been paid.

MZ: No news from bond holders …yet. I do know who has an appointment on Tuesday and has great expectations of walking away fully funded…..it’s a rumor until they have money in their pockets.

MZ: I will be at a meet and greet this afternoon at 2 pm PST….…..if there is internet and I have more news I will try to share it then.

Member: I heard Iraq and Kuwait have an agreement to keep the dinar within a few cents of each other’s currency.

Member: Kuwait is about $3.50 or so right now…or somewhere in that ballpark.

Member: Does anyone know if we will be taxed on this exchange?

Member: if it's taxed just be thankful for what you're getting it's a blessing

Member: I was told that all we are doing is exchanges! No tax on exchanging currencies-imo

Member: I heard The Fed did try to tax currencies 25% that are changed, but they don't think it's going to happen

MZ: I continue to hear we will not have taxes on this exchange. I suggest everyone plan on having taxes…..but hopefully there will be none. I had just picked up more currency to cover taxes if there is any. You guys handle it how you want to.

Member: Does the RV (Revaluation) have to happen before Iraq ascends to the World Trade organization on Oct. 4th?

MZ: Not but the dinar has to be a fully accepted international currency all around the world without any restrictions…..this would be a massive change.

MZ: I do know a few Iraqi citizens that are planning trips home to Iraq next week in anticipation. Does this mean anything…..I guess it could…or it couldn’t???.

Member: I have a great Wells Fargo update ... they are closing branches and let a number of people go yesterday in Oregon. Giving some the option to go to wealth management.

Member: I’m not even going to lie I’m beginning to doubt this whole thing. So much time into it and nothing.

Member:  It,s been a long and slow and at times painful journey, but the last year has been amazing. We are there...Keep the faith

Mod: Every Situation in life is temporary, So when Life is Good, Make Sure you enjoy it, and when life is NOT so Good, Remember that it Will NOT LAST Forever and BETTER Days are Ahead!

Member:  Goodbye, September. Bring on Red October! Or maybe Green October??

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.

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.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=4m2iygQxvuA

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"Tidbits From TNT" Saturday Morning 9-30-2023

TNT:

CandyKisses:  Hundreds demonstrate in central Baghdad to demand salary scale adjustment

Baghdad Today - Baghdad

Hundreds of state employees demonstrated on Saturday (September 30, 2023) in front of the Prime Minister's Office in central Baghdad to demand an adjustment to the salary scale.

The "Baghdad Today" correspondent reported that hundreds of state employees organized a demonstration in front of the Prime Minister's Office in the Al-Alawi area in central Baghdad to demand a change in the salary scale.

It is noteworthy that hundreds of employees of government institutions in Basra went out last Thursday (September 28, 2023) in a demonstration in front of the Basra Governorate building. To demand a change in the salary scale .

TNT:

CandyKisses:  Hundreds demonstrate in central Baghdad to demand salary scale adjustment

Baghdad Today - Baghdad

Hundreds of state employees demonstrated on Saturday (September 30, 2023) in front of the Prime Minister's Office in central Baghdad to demand an adjustment to the salary scale.

The "Baghdad Today" correspondent reported that hundreds of state employees organized a demonstration in front of the Prime Minister's Office in the Al-Alawi area in central Baghdad to demand a change in the salary scale.

It is noteworthy that hundreds of employees of government institutions in Basra went out last Thursday (September 28, 2023) in a demonstration in front of the Basra Governorate building. To demand a change in the salary scale .

The "Baghdad Today" correspondent said that hundreds of employees of state departments went out in a demonstration in front of the Basra Governorate building, pointing out that the employees demanded that the salary scale be modified

Tishwash:  Iraq calls on Iran to participate in investment projects to establish industrial and free zones between the two countries

The Undersecretary of the Ministry of Commerce for Administrative Affairs, Sattar Al-Jabri, met today, Friday, on the sidelines of his leadership of the Iraqi delegation in the meetings of the Iraqi-Iranian Trade Committee in Tehran, with many representatives of the Iranian private sector and invites them to participate in investment projects to establish industrial and free zones between Iraq and Iran.

Al-Jabri confirmed in a statement received by Earth News that “the meeting took place during his visit with the delegation, the Federation of Industries and Chambers of Commerce in Mashhad, and the Deputy Governor of Mashhad for Economic Affairs, and in the presence of the Iraqi consul there, to discuss the possibilities of joint trade cooperation between the two countries and investment opportunities in establishing industrial cities, free cities, and other investment projects.” Others available in both countries.

He continued, "The delegation visited the Iraqi consulate in Mashhad and met with the consul and consular staff to praise their distinguished role in following up with the Iraqi community, government delegations, and travelers."

Al-Jabri indicated at the same time that “the meeting also took place with the Federation of Chambers of Industry and Commerce in Tehran to discuss trade and investment cooperation.”

It is worth noting that the work of the Iraqi-Iranian Trade Committee concluded last Wednesday with the signing of a memorandum of trade cooperation to remove obstacles to the development of intra-regional trade, which continued over the twenty-sixth and twenty-seventh of this month of September. link

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CandyKisses:  Oil prices rise 30% in the third quarter of 2023

Information / Baghdad...Oil prices rose about 30% in the third quarter of this year, as global crude oil supplies face pressure from voluntary cuts by the OPEC+ alliance.

Macroeconomic and profit-taking concerns sent oil prices lower at settlement on Friday, Sept. 29, but rose about 30 percent in the third quarter.

Iraq achieved revenues from the sale of oil in August, amounting to (8) billion and (997) million and (851) thousand dollars, where it sold a barrel at an average price of (84.787) dollars.

Brent crude futures for November fell 7 cents to $95.31 a barrel at settlement on Friday, September 30, but rose 2.2% during the week and 27% during the third quarter, continuing to approach $100 a barrel.

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Tishwash:  India prefers Iraqi oil over Saudi oil for this reason..

India's oil imports from Russia rebounded in September after reaching their lowest levels in seven months in August, as a result of lower prices for Middle Eastern crude, according to what preliminary data on trade flows from the London Stock Exchange Group, Kpler and Vortexa Analytics showed.

The data showed that India, the third largest importer and consumer of oil in the world, increased its imports from Iraq while reducing its imports of Saudi oil.

Victor Katona, chief oil analyst at Kpler, said: “The competitiveness of prices is in favor of Russian crude, and if Indian refiners want to obtain quantities with specific contracts from the Middle East, they seem to prefer (oil) from Iraq, as Basra crude is still average.” It is about $2 cheaper per barrel than Arab Medium or Arab Light crude,” according to Reuters.

London Stock Exchange Group data showed that India's imports of Russian oil amounted to about 1.55 million barrels per day in September, an increase of 16 percent from August, while imports from Iraq increased by 17 percent to reach about 1.1 million barrels per day.

Vortexa data indicated that Russian oil imports amounted to 1.52 million barrels per day, compared to 1.44 million in August.

On the other hand, London Stock Exchange data showed that India’s imports from Saudi Arabia fell to about 676 thousand barrels per day in September, a ten percent decrease from August. link

Mot:  “October is coming.” 

Mot:  . Happy National Coffee Day!

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

News, Rumors and Opinions Saturday AM 9-30-2023

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 30 Sept. 2023

Compiled Sat. 30 Sept. 12:01 am EST by Judy Byington

Global Currency Reset Possible Timeline: (RUMORS)

Fri. 29 Sept. Sheila: The HCL was being paid out today in Iraq. In-country Rate: $5+

Fri. 29 Sept. TNT call: The lower denominations are supposed to be released tomorrow in Iraq. The rate is expected to change sometime in the next 72 hours.

Walkingstick (an Iraqi citizen and bank owner): “The tender for the currency and coins has been met per request, meaning (requirements) for release of the new Iraqi Dinar exchange rate has been fulfilled.”

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 30 Sept. 2023

Compiled Sat. 30 Sept. 12:01 am EST by Judy Byington

Global Currency Reset Possible Timeline: (RUMORS)

Fri. 29 Sept. Sheila: The HCL was being paid out today in Iraq. In-country Rate: $5+

Fri. 29 Sept. TNT call: The lower denominations are supposed to be released tomorrow in Iraq. The rate is expected to change sometime in the next 72 hours.

Walkingstick (an Iraqi citizen and bank owner): “The tender for the currency and coins has been met per request, meaning (requirements) for release of the new Iraqi Dinar exchange rate has been fulfilled.”

Wolverine: “The funds have been released and placed on the Quantum Financial System.”

Fri. 29 Sept was a dramatic beginning of the Stock Market Crash. The Chinese Communist Party Defense Minister, plus the CEO of the World’s largest real estate company, the CCP’s Evergrande, have gone missing – that halted Evergrande Shares on a Stock Market that was already in free fall, while odds soared for a US Government shutdown by Sun. 1 Oct. – any, or all of which could easily bring on a Global Financial Crisis that would trigger a Global Currency Reset.

In October SS payments would increase (up to $5500).

The first two weeks of Oct. NESARA should pay out (reclamation funds). 

Sun. 1 Oct was the first banking day of October in the Mideast and was also the starting of the new US Fiscal Year. All banks were (allegedly) required to be on the gold/asset-backed Quantum Financial System rather than the old SWIFT System based on the fiat US Dollar; the new gold/ asset-backed US Note was expected to be announced and active, plus the new international rate for the Iraqi Dinar could be made public.

On Mon. 2 Oct. the Iraqi WS Bank US Branch would be open for business, while the US Inc. government would be (allegedly)  shutdown – that expected to set off a worldwide financial crisis as the Stock Market reopened as sell offs continued that was expected to trigger a close of all trading until Tues. 3 Oct. morning.

On Mon. 2 Oct. and according to instructions given at Redemption Centers, Tier4b (us, the Internet Group) could be notified to set exchange and redemption appointments, although intel received from a high up source indicated that may not happen until Fri. 4 Oct. with appointments starting the next day.

Tues. 3 Oct. has been officially designated as the National Day of the Republic of Iraq to celebrate Iraqi freedom from the US Inc. Iraq would likely declare that they were a Sovereign Nation, although their Sovereignty could be (allegedly)  announced in connection with announcement of the new Dinar International Rate on Sun. 1 Oct.

On that same Tues. 3 Oct. the Stock Market was expected to continue to sell off. When it hit 20% it would be considered the point of no return and would close.

On Wed. 4 Oct Iraq would be welcomed to the World Trade Organization with a fully reinstated Iraqi Dinar international traded currency. Wed. 4 Oct. was also considered the day when the official Stock Market Crash would happen. A “test” on the worldwide Emergency Broadcast System had already been scheduled for Wed. 4 Oct. HAL TURNER: October 4 TEST of Emergency Alert System, Nationwide. No, It’s not the Zombie Apocalypse! – American Media Group (amg-news.com)

By Tues. 10 Oct. the bulk of redemption appointments and exchanges were expected to be done.

The second week of Oct. the restitution and reparation funds will be given out for seniors over 60 in a lump sum; for ages 50-60 they will be paid out over a 12 month period and ages 30 to 49 paid out over a 15 year period.

On Wed. 1 Nov. it was the goal to have Currency Exchanges and Zim Bond Redemptions completed, at which time the US Federal Dollar would be considered worthless.

In November Social Security will be paid out in much higher payments.

The SS R&R payments start on a monthly basis beginning in Jan. 2024.

On 1 Jan. 2024 the fiat US Dollar will be worth nothing.(allegedly)

Starting 1 Jan. all currencies across the Globe will be on par 1:1 with each other.(allegedly) 

Read full post here:   https://dinarchronicles.com/2023/09/30/restored-republic-via-a-gcr-update-as-of-september-30-2023/

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

Courtesy of Dinar Guru   https://www.dinarguru.com/

Mnt Goat  Question:  Holiday in Iraq on October 3...their Independence Day. ...October 4 is Iraq finally a member of World Trade Organization...Can Iraq still continue with the program rate of 1132 until the end of the year? Or will CBI release the new small category notes before October 4?   Mnt Goat Answer:  ...As you know they will not give out any dates only a window when they plan to do it. I was told October for the re-education and them they should follow closely with the newer lower notes.

Frank26  What do you think the rate will be when it comes outI don't care!  What I care about is for them to announce in 72 hours they're sanction free and their currency is restriction free... international.  If it's international hello Forex...What will it turn into, that's what you need to be paying attention to and at what speed...It ain't going to be no 6 months to a year before it reaches the potential of the Middle Eastern exchange rates of 3 to 1.  No.  Shoot, you're going to sleep, the next morning, boom!

LIVE! Moody's WARNS Of "Systemic Risk." Energy Inflation SKYROCKETS With No End In Sight.

Greg Mannarino:  9-29-2023

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

Rafi Farber: The End Game is Dead Ahead

Arcadia Econoomics:  9-29-2023

The bond market continues to collapse as long term interest rates rise relentlessly, day after day.

 Oil is mysteriously trading together with the dollar index instead of inversely, signaling that the forex market is spinning off into its own compartmentalized reality while prices for real stuff in the real world march higher completely independently of so-called "dollar strength".

Meanwhile, in New York, nearly 5 million ounces of silver are taken off the market from the JPMorgan vault this week.

At this rate, JPM has only about 5 months of silver supply left to sell. And while this is all happening, gold and silver prices continue their abysmal plunge.

That said, silver mining stocks have never been this oversold relative to the metal itself. This sort of exceptional price action typically happens just prior to a major financial crisis.

 Rafi Farber believes the End Game for the dollar is dead ahead. We are nearly there.

https://www.youtube.com/watch?v=rgNSDJjzc1Q

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Chats and Rumors, Post RV Info Dinar Recaps 20 Chats and Rumors, Post RV Info Dinar Recaps 20

TNT Members: Services You Get As You Get Richer

TNT:

RayRen98:  Services You Get As You Get Richer

1. Housecleaning Services  (Your time is worth more than the effort it takes to maintain your living space)

2. Personal Trainer (Reduces stress, improves your health)

3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)

4. Advisors in All Areas  (Attorneys, tax planning, estate Planning, etc.)  

5. Luxury Concierge Services (Eliminate micro detailed planning, travel planning, events, etc. Luxury of time and peace of mind) 

TNT:

RayRen98:  Services You Get As You Get Richer

1. Housecleaning Services  (Your time is worth more than the effort it takes to maintain your living space)

2. Personal Trainer (Reduces stress, improves your health)

3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)

4. Advisors in All Areas  (Attorneys, tax planning, estate Planning, etc.)  

5. Luxury Concierge Services (Eliminate micro detailed planning, travel planning, events, etc. Luxury of time and peace of mind) 

6. Private Medical Care (Healthcare becomes proactive. Access to specialists. Enhances wellness).)

7. Executive Coaching (Improves your decision making, helps in making strategic decisions)

8. Home Security Services (State of the art surveillance systems, background checks on hired staff)

9. Private Travel (No waiting at airports. Flexible travel, Maximize your time, schedule, etc.)

10. Exclusive Country Club Membership (Rub elbows with the right people. Access to Milken Institute Global Conference-$50k, the Bohemian Club-$25k, etc.)

11. Wealth Transfer Specialist (Spheres of influence)

~~~~~~~~~~

Beth in Greensboro:  Here is the video that goes along with the discussion in Open Mic this afternoon.

Services You Get As You Get Richer

https://youtu.be/VGju3e3cEA8?si=XjdafpsKXuGelZBz

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

Bruce’s Big Call Dinar Intel Thursday Night 9-28-23

Bruce’s Big Call Dinar Intel Thursday Night 9-28-23

Transcribed By WiserNow Emailed To Recaps

Welcome everybody around the globe to the big call.  It is Thursday, September 28th and you're listening to the big call. I'm glad to welcome people that may not have heard us before all over as we believe our reach may be the greatest that has ever been. We might being able to track the Starlink satellite system we might be able to be in as many as 206 countries tonight  we will see. I don't get those numbers till tomorrow or the next day probably.

October 1st is Sunday - So the 3rd  is just getting started in the month of October and you'll hear me say something in the Intel segment in just a few minutes that will describe how interesting the timing is about October 3rd , which is Tuesday.

Bruce’s Big Call Dinar Intel Thursday Night 9-28-23

Transcribed By WiserNow Emailed To Recaps

Welcome everybody around the globe to the big call.  It is Thursday, September 28th and you're listening to the big call. I'm glad to welcome people that may not have heard us before all over as we believe our reach may be the greatest that has ever been. We might being able to track the Starlink satellite system we might be able to be in as many as 206 countries tonight  we will see. I don't get those numbers till tomorrow or the next day probably.

October 1st is Sunday - So the 3rd  is just getting started in the month of October and you'll hear me say something in the Intel segment in just a few minutes that will describe how interesting the timing is about October 3rd , which is Tuesday.

All right, so let's go back. We talked about Iraq, they'll have their new rate out on Sunday. Whether it goes in the Gazette or not Saturday, doesn't really matter but it may -  they are, as I mentioned going to be, like the independent nation and a sovereign state. They're going to evidently talk about that a little bit when they bring their new rate out internationally on Sunday. And so that's something that we can look forward to

Now, for us, we really, from what we heard today, from our redemption center contacts, we really aren't looking to get notified over the weekend, anything is possible. We are hearing that we should be -hearing this from Wells Fargo - that we should get notified on Monday. We don't know what time – remember  Monday would be the second of October and we should get notified – set our appointments for Tuesday the third of October.

So that's the timing that we have right now. Now if you're traveling, or you're about to go on a trip, or you're going in the hospital, whatever it is, you're gonna have some time. Once those numbers come out, we expect them to come up Monday. You set your appointment as soon as you can, for a time that you think you'll be able to make your appointment.

 If you're out to sea right now and you're coming back, but you won't be back till the 5th or the 7th  or whatever - set your appointment for after you've come back - give yourself enough time to get settled in and everything organized so that you can not go into the appointment flustered - you'll go in relaxed and ready to go.

Now one of the things that I've just brought to my memory. Each redemption center, And there's 1000s of them throughout the United States will have 3 Delarue machines - what is the delarue machine?

This is a machine that counts and verifies the currencies, all of them - And that information is fed into a laptop computer and then they go from there - once they're counting your money – they are tabulating it and tracking it on laptops, in the redemption centers.

So if they've got three of those, they'll probably be able to work with two or three people at a time that each, each person is running  a delarue machine.   And so I just got that - came to me today. I just got that so wanted to bring that up,

Let's talk about bond holders are supposed to be the last count - they could get their notifications on Sunday - Sunday afternoon. They could get them then - I wouldn't be surprised if they’re pushed to Monday but right now they're on Sunday and should have access to funds on Monday.

We'll see if that holds up. They’ve been moved and pushed along like we have. But we're hearing that our group  tier 4 or tier 4 A & B should be notified on Monday and go into our appointments on Tuesday – 3rd  of October

Alright let’s talk about timelines - on the 1st  of October, which is Sunday, the USN goes into play in the United States, our new United States asset backed  dollar - our USN -  so that could ------ now remember our banks are not open on Sunday. so it may show up on Monday at our banks. Our new currency - I don't know that – but I know we are on the new USN starting Monday October 1st

 Realize October 1 is the start of the fourth quarter in the United States - So we've got three months,  final quarter -  October November December.

Our USD Fiat dollar will no longer be worth anything after January 1st – ON  January 1st – That USD  we are going to have running concurrently with the USN physical currency / folding money you put in your pocket, your wallet, your purse, that will be coming out. And we'll have that at the redemption centers for us to we're doing exchanges starting Tuesday.

Okay, so that will be there. We'll get some of if some wants them the new USN  currency we can get it while we're doing our appointments. Now, their concept at the redemption centers is going to be to kind of get in and get out.

You know, kind of get it done not a whole lot extra time anything – get it  done and get out in and out is what they're calling it like in and out for California.

Alright, so think in terms of that in and out and the timing the timeline of this - In October, we should have NESARA and GESARA  announced sometime in the first couple of weeks of October.

In the second week of October is when we believe restitution and reclamation allowance will start. I call it r&r for simplicity reclamation - restitution and reclamation allowance for seniors 60 over again lump sum amounts in the 50 to 60 range gets a total divided over 12 months. Again over 12 months

 And then the 30 to 50 range getting paid over 15 years  - so different ways and the above  70 their lump sum also they get the lump sum and just like you know I'll get my age group  -

So here's the thing - that starts the second week in October. Now, Social Security increases to where the maximum if you're older, I mean 70s 80s If you're in that age group you can top out at around $5,200 that starts in October.

So whenever you get your Social Security now whatever Wednesday that is the highest paying out with max out  at 5200 dollars, people that are younger, or didn't put in as much or whatever would be less than that could be in the threes or the fours.

That increase occurs in October and would be that number for October, November and December. three more months, basically of social security -  then it switches over to a different version of the restoration and reclamation allowance being paid out monthly –

 And I don't know that the numbers change. I'm going to put the number out but that was - in terms of what I'm hearing that will replace Social Security. It would replace it, and it's a lot more money. It's a lot more, more than double.

So I don't want to say the numbers because it might be wrong. I don't want you guys to yell at me and think that I've tried to deceive you with it but it's really good but it starts in January. This r&r monthly amount  comes out in January.

I'm sorry, I can't define it better. They didn't even have a word for it. They don't even have a word that we know what to call it. Right now. So I’m calling it part of the restoration recommendation allowance we’ll see it's coming from a different fund. So it's not from the same fund – whatever it is  I'm fine with that but whatever it is, I'm sure everybody will look forward to receiving it.

Now if you're below the age of 60 You will be asked to sign something that says that you would continue on your job or get a job and still receive your age group you're getting paid out monthly, in a lesser age group of 30 to 50 you're getting paid out also monthly over 15 years. It's going to be a lot of money, it's going to be coming in to you - and the temptation would be not to work but if you stop working or you quit, your benefits will stop. You won't get it any longer.

So it's an encouragement and enticement incentive for you to keep your job or get a better job.

You know, don't stop working, keep going because we're going to need a lot of doing what we're doing from a humanitarian project point of view - and the jobs that we're going to have will be good paying jobs. You know that - that's something we can all look forward to.

All right starting January 1 all currencies around the globe are to be on par with one another.

Okay, that means the same let's say the Canadian dollar  and the  US dollar the USN - United States Treasury Note -  There'll be worth the same thing  with one to one.

What about Mexico? They’ve got a peso -  is worth about a nickle? You know, you get about 20 pesos to the dollar. That's gonna change. The peso  will be worth $1 Starting January, - all currencies that were exchanging or not exchanging, were all level up and my understanding  is that  they all will be worth  the same starting January.

Now. There could be some exceptions or there could be some currencies that are slow on the uptake but at the same time, all countries have been told to mint and print their new currencies that will start January 1. 

Now, mint and print now to be ready for January 1.

And we've been minting and printing for quite a while. We've got our new coins out and our new money has been for I know at least two years now. And they're still doing it - printing for us and this money is asset backed. This money is backed by gold or other precious metals, by intellectual property - by oil and nat gas. It's really, really asset backed

And that's the point of this whole thing. The whole reevaluation. The whole global currency revaluation – The GCR  is each country has its own assets, and it has its own value as a result.

So we'll see how that all shakes out. But I'm looking forward to this as much as you guys are - going for us getting notified Monday and setting appointments to start on Tuesday

They will probably go at least 12 to 14 days in the redemption centers. Some may close up early if they just didn't have enough Zim holders or enough people you know with currency in some parts of the country. It's a little light and they won't have they can get knock it out in four or five days. And that's gonna be that's gonna be good Let's, let's see if there's anything else it's pertinent for us.

I think we have what we need right there. I think that's everything we need to say

 And I think that we're about to do to get organized. Some of us are moving some of our buying new homes or by buying cars we're going to be doing need to spend some time once we pay off all of the personal debt that we have anything like that. We'll be able to move forward. And I'm looking forward to that just like everybody else. We will be in touch with you by email. Because we will not be doing live calls anymore. Like we're doing tonight. We'll be doing emails with maybe a podcast.

 So I'm excited guys to say I really truly believe they finally hit the end zone are finally going to be there is all the information ordering is correct and I believe we should be good to go. Starting Monday for notifications and Tuesday and startup exchanges. So let's believe for that. Let's pray the call out. Enjoy the weekend. Okay.

 

Bruce’s Big Call Dinar Intel Thursday Night 9-28-23   REPLAY LINK   Intel Begins   1:11:11

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHeY3

Bruce’s Big Call Dinar Intel Tuesday Night 9-26-23   REPLAY LINK   Intel Begins   1:15:15

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

Bruce’s Big Call Dinar Intel Thursday Night 9-21-23   REPLAY LINK   Intel Begins   1:23:23

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Bruce’s Big Call Dinar Intel Tuesday Night 9-19-23   REPLAY LINK   Intel Begins   1:24:20

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

Bruce’s Big Call Dinar Intel Thursday Night 9-14-23   REPLAY LINK   Intel Begins   1:25:05

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

Bruce’s Big Call Dinar Intel Tuesday Night 9-12-23   REPLAY LINK   Intel Begins  !:19:26

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

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

More News, Rumors and Opinions Friday Afternoon 9-29-2023

KTFA:

Clare:  Egypt and the UAE sign a barter agreement for their currencies

9/28/2023

On Thursday, the Central Bank of the Emirates and the Central Bank of Egypt concluded an agreement to swap the dirham and the pound, worth more than one billion dollars.

The two sides stated in a joint statement that "the agreement allows the swap of local currencies with a nominal value of up to five billion UAE dirhams ($1.36 billion) and 42 billion pounds."

Egypt is suffering from a difficult currency crisis in which the Egyptian pound has fallen by half against the dollar since March 2022 after the Ukrainian crisis revealed the weaknesses of its economy.

The UAE, Saudi Arabia, and Qatar deposited sums of dollars in the Central Bank of Egypt, and pledged large new investments to alleviate the financial difficulties facing the country.

KTFA:

Clare:  Egypt and the UAE sign a barter agreement for their currencies

9/28/2023

On Thursday, the Central Bank of the Emirates and the Central Bank of Egypt concluded an agreement to swap the dirham and the pound, worth more than one billion dollars.

The two sides stated in a joint statement that "the agreement allows the swap of local currencies with a nominal value of up to five billion UAE dirhams ($1.36 billion) and 42 billion pounds."

Egypt is suffering from a difficult currency crisis in which the Egyptian pound has fallen by half against the dollar since March 2022 after the Ukrainian crisis revealed the weaknesses of its economy.

The UAE, Saudi Arabia, and Qatar deposited sums of dollars in the Central Bank of Egypt, and pledged large new investments to alleviate the financial difficulties facing the country.

The statement quoted the Governor of the UAE Bank, Khaled Mohammed Balama, as saying, “The currency swap agreement between the two countries reflects the depth and strength of bilateral relations between Abu Dhabi and Cairo, and constitutes an important opportunity to develop the economic and financial markets between the two sides.”

For his part, Governor of the Central Bank of Egypt, Hassan Abdullah, said, “This barter process is considered the cornerstone of supporting financial cooperation between the two countries in the local currency.”   LINK

Clare:  Reinforcing the Iraqi Dinar: A Shift in Iraq’s Monetary Policy

9/27/2023

In a decisive move to strengthen the local currency, the Iraqi Council of Ministers has mandated that all local contracts be denominated in Iraqi dinars. This decision is a notable departure from the previous norm of executing contracts in US dollars. However, an exemption is made for contracts established through external bank-issued “documentary credits.”

The Ministry of Planning has been entrusted with the task of compiling a comprehensive list of former state contracts initially denominated in US dollars. This list will be shared with the Ministry of Finance and the Central Bank of Iraq in an effort to ensure a smooth transition to the new policy.

Limitations on Dollar Coverage

As part of this shift, the Ministry of Planning will also set a maximum monthly limit for the coverage of contracts in US dollars. The Central Bank of Iraq is tasked with guaranteeing coverage at an exchange rate of 1,320 dinars per US dollar. To facilitate monthly payments for these contracts, the allocated funds will be deposited into the Ministry of Finance’s account, adhering to all necessary release controls.

The new policy also introduces a significant change for Iraqi borrowers from government banks who have taken loans in US dollars. These borrowers are now obliged to repay their loans in Iraqi dinars. The Central Bank of Iraq will cover these loans in US dollars, which will subsequently be used to reimburse the lending banks. Notably, this procedure is only applicable to loans issued before the Council’s recent decision.

Strengthening the Iraqi Dinar amid Devaluation

This strategic move comes in response to the devaluation of the Iraqi dinar over the past year, largely attributed to measures taken by the United States in late 2022 to prevent money laundering and the flow of dollars to Iran and Syria. These actions led to a significant drop in the street value of the Iraqi dinar, which fell to nearly 1,750 dinars per US dollar. Through the new policy, the Iraqi government aims to stabilize and strengthen the local currency by increasing its use in internal transactions.

The shift in Iraq’s monetary policy is a significant step towards reinforcing the local economy. By increasing the use of the local currency in internal transactions and setting strict parameters for the use of US dollars, the government is taking active measures to curb the devaluation of the Iraqi dinar. However, the effectiveness of these measures will depend on their implementation and the response of the local and international market.   LINK

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

Courtesy of Dinar Guru   https://www.dinarguru.com/

Frank26   CSC is the Central Security Custody system.  Somewhere between the 28th and the 1st and these next 72 hours this CSC will go into effect because it was a mandate from the BIS to make sure Iraq was ready on the 28th to do international transfers...The auctions we believe you will see a change in them on the 28th...This is an important step.  There are many steps that are occurring right now at the end of this monetary reform that are important.

Pimpy    What you're hoping for is Iraq to start de-dollerizing so they can start strengthening their currency...Things are looking really really good for Iraq.  Hopefully things will start to change.  I know there's a lot of prosperity that's going to be coming to the Middle East.  I'm sure Iraq is a big part of that...

Thing are happening with Iraq

Nader:  9-29-2023

Waiting for the House decision …waiting for the 3rd of October… big day and we see from there guys. Have a good day… be positive… life doesn’t stop there

https://www.youtube.com/watch?v=MMFp-BCAOKw

The Entire Financial System Is CRACKING! AT LEAST ONE MAJOR BANK IS GOING DOWN...

Greg Mannarino:  9-29-2023

https://www.youtube.com/watch?v=UTGO9HxA_i4

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

"Excessive Debt Inevitably Leads To Gigantic Financial Crisis" | John Rubino

"Excessive Debt Inevitably Leads To Gigantic Financial Crisis" | John Rubino

Liberty and Finance:  9-28-2023

"The Noah's ark analogy is a good one," says John Rubino "There is a storm coming.

All this debt is going to lead to what excessive debt inevitably leads to which is a gigantic financial crisis."

We can't stop it, but there's a lot that we can do as individuals, families, and communities, he says, to come out of it in good shape.

"Excessive Debt Inevitably Leads To Gigantic Financial Crisis" | John Rubino

Liberty and Finance:  9-28-2023

"The Noah's ark analogy is a good one," says John Rubino "There is a storm coming.

All this debt is going to lead to what excessive debt inevitably leads to which is a gigantic financial crisis."

We can't stop it, but there's a lot that we can do as individuals, families, and communities, he says, to come out of it in good shape.

INTERVIEW TIMELINE:

0:00 Intro

 2:36 Today and the 70s

6:40 Oil spiking

 10:30 Incompetence?

 16:00 Where are we headed?

22:55 Preparedness

27:30 Aristocracy

36:11 Opting out

https://www.youtube.com/watch?v=57oiTM26urg

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