Economist's "News and Veiws" on Bonds Thursday 10-19-2023
David Hay: The Fed is Going to Overwhelm the Bond Market with Supply
Palisades Gold Radio: 10-19-2023
Tom welcomes back David Hay author, Co-Founder and Co-CIO of Evergreen Gavekal. David discusses various economic indicators that may signal the beginning of a recession.
Tightening of credit conditions, with credit spreads expanding rapidly, and how the recent events in the Middle East have affected the safety trade for US Treasury bonds.
David expressed concern about the current federal fiscal funding situation and its potential consequences. He also mentioned the conflicting views in the market between short-term investors and long-term investors, which is creating tension in the bond market.
They discussed the Federal Reserve's policies and how they have continued to increase interest rates despite the slowing economy, which is starting to impact the real economy with higher borrowing costs and tighter credit conditions.
David Hay: The Fed is Going to Overwhelm the Bond Market with Supply
Palisades Gold Radio: 10-19-2023
Tom welcomes back David Hay author, Co-Founder and Co-CIO of Evergreen Gavekal. David discusses various economic indicators that may signal the beginning of a recession.
Tightening of credit conditions, with credit spreads expanding rapidly, and how the recent events in the Middle East have affected the safety trade for US Treasury bonds.
David expressed concern about the current federal fiscal funding situation and its potential consequences. He also mentioned the conflicting views in the market between short-term investors and long-term investors, which is creating tension in the bond market.
They discussed the Federal Reserve's policies and how they have continued to increase interest rates despite the slowing economy, which is starting to impact the real economy with higher borrowing costs and tighter credit conditions.
David also shared his observations about the job market and the economy, noting the strength of nominal GDP but attributing it to the large deficit spending.
They also talked about the current trends in the nuclear energy industry and how China and Russia are leading the way with new technologies, while the US is lagging behind.
Environmental policies and the importance of separating fact from fiction in the green energy transition. Additionally, they touched on the current state of the oil industry and how it has managed to maintain record levels of production despite lower drilling activity.
Lastly, David highlighted the importance of having dry powder, or cash, to take advantage of opportunities during market crashes.
Time Stamp References:
0:00 – Introduction
0:45 - Credit Contraction
3:36 - Bonds As Safe Havens?
5:41 - Treasury Demand
10:28 - Investor Sentiment
12:34 - Policy Lag & Labor
15:30 - GDP Strength/Deficits
18:25 - Fed & More Q.E.
21:20 - Dollar Strength & Gold
27:16 - Tech Bubbles & A.I.
30:00 - Energy & Nuclear Outlook
36:56 - SMR & Public Opinion
40:20 - Renewables & Realism
45:29 - Oil Industry & Drilling
50:40 - Natural Gas
52:49 - Bonds Now & 1987
55:06 - Wrap Up
WTF is Happening in the Treasury Bond Market?
Lynette Zang: 10-18-2023
The bond market is collapsing! In this video, Lynette breaks down how the volatility is a sign of an impending earthquake that will leave the global financial system in ruins.
She warns those with wealth in mutual funds, ETFs, annuities etc are at extreme risk of losing it all soon.
Stock/Bond Portfolio Is FAILING | Craig Hemke
Liberty and Finance: 10-19-2023
For decades, investment professionals have relied on a 60/40 stock/bond portfolio strategy.
But with interest rates rising, both stock and bonds are falling. It is important to have assets outside the system, says discusses Craig Hemke of TF Metals Report.
The only way out of the current crisis is gold, he says.
INTERVIEW TIMELINE:
0:00 Intro
3:00 Where are we headed?
9:16 Banking system
10:25 Middle East
13:20 Inflation
19:35 Bond market
"Coffee With MarkZ" Thursday Morning Chat 10-19-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning all…..I heard the new BRICS banking/payment system starts today.
MZ: yes it does…..
Member: Recaps had a economist talk about that in a post this morning.
Membr: How soon can Iraq join BRICS…..that may be our only chance to see the RV.
Member: I wonder if the Israeli war is an attempt by the cabal to stop the RV and Nesara/Gesara like 9-11 was????
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning all…..I heard the new BRICS banking/payment system starts today.
MZ: yes it does…..
Member: Recaps had a economist talk about that in a post this morning.
Membr: How soon can Iraq join BRICS…..that may be our only chance to see the RV.
Member: I wonder if the Israeli war is an attempt by the cabal to stop the RV and Nesara/Gesara like 9-11 was????
MZ: That’s a very good possibility. It true there is a special place in hell for those who are willing to sacrifice so many lives just so they can control your monetary supply.
Member: The federal reserve is not going to just willingly give up their power
Member: Mark! Heard that we were ready to go a week ago Sunday, but DS started the Israel attack to block it
Member: White Hats let them do that, though. THey are supposedly the ones in control.
Member: Some days it feels like this will never go. Depressing. Trying to stay positive.
Member: This RV has given me multiple personalities. One day I am positive and giddy and the next I am frustrated and depressed.
Member: Well…remember Iraq is the lynchcpin…..if they just do it…..I believe the rest of the world will follow.
MZ: Well…lets get to the news/rumors
MZ: No bond holder updates today. There are still expectations of things paying out overnight tonight. Starting in Asia and Europe and moving our way…..Let’s see if it happens. It may be a week or two premature. I would like to be incorrect on this.
Member: So we have gone from any moment to a week or two now……sigh
Member: If FIAT is dead on Jan 1 then we are close.. Just my opinion
MZ: Still getting chatter from groups with expectations to release their funds but have yet to find a group that has released funds yet. So they are adamant that those rumors that say they have already started is not accurate. I think they are leaking misinfo on purpose to cloud the timing.
Member: If it’s a shotgun start….none of those get paid until we start making our appointments so that is to be expected….imo.
Member: I wish we could get a 7.5% interest rate on our savings accounts like Iraq does
Member: It’s for Iraqi citizens to get their dinar out from mattresses and into bank
Member: A Friend recently traveled home from Brazil. At Currency Exchange, they asked her if she wanted OLD USD or NEW USD. It is "Out There" in other countires, and currently being USED!! She SAW it!.
Member: Wish they had taken pictures……would love to see some proof they are real
Member: I wonder if everyone has it but us in the US
Member: Many big banks in my area have now added “Financial Advisors” to their signs!!!!! That is encouraging…..
MZ: In Zimbabwe: “High Level Summary Technical Assistance Report s” the implementation of Basel 2 and 3 capital framework. They are doing a heck of a job getting their banks updated faster than we are. This is very positive news.
Member: Mark and Mods, Thank you….. doing a wonderful job keeping all informed and calm
Mod: REMEMBER THIS AS WE GET CLOSE TO THE WEEKEND: MARKS WEEKEND EMAIL ADDRESS: DONTWRITEME@NEVERONWEEKENDS.COM
There are special guests on today with health info at the end….please listen to replay for their information
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
SATURDAY GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
"Tidbits From TNT" Thursday Morning 10-19-2023
TNT:
Tishwash: At the parliamentary table...a movement to dismiss the Governor of the Central Bank by majority
A parliamentary movement to remove the Governor of the Central Bank, Ali Al-Alaq, from his position, after the dollar exchange rate crisis worsened and no radical solution was found, while the citizen looks forward to real action to save his livelihood, which is “at stake.”
The dollar exchange rate witnessed a significant increase, and on some days it recorded a jump against the Iraqi dinar, exceeding the barrier of 164 thousand dinars for every 100 dollars.
Motion for dismissal by majority
Today, Thursday (October 19, 2023), the Parliamentary Integrity Committee confirms that the movement to dismiss the Governor of the Central Bank, Ali Al-Alaq, from his position is continuing, with a parliamentary majority supporting this movement.
TNT:
Tishwash: At the parliamentary table...a movement to dismiss the Governor of the Central Bank by majority
A parliamentary movement to remove the Governor of the Central Bank, Ali Al-Alaq, from his position, after the dollar exchange rate crisis worsened and no radical solution was found, while the citizen looks forward to real action to save his livelihood, which is “at stake.”
The dollar exchange rate witnessed a significant increase, and on some days it recorded a jump against the Iraqi dinar, exceeding the barrier of 164 thousand dinars for every 100 dollars.
Motion for dismissal by majority
Today, Thursday (October 19, 2023), the Parliamentary Integrity Committee confirms that the movement to dismiss the Governor of the Central Bank, Ali Al-Alaq, from his position is continuing, with a parliamentary majority supporting this movement.
Committee member Hadi Al-Salami told “Baghdad Al-Youm” that “the movement to remove the governor of the Central Bank from his position continues with a parliamentary majority supporting this decision,” noting that “more than one official letter regarding this was sent to the Presidency of the Council of Ministers and Parliament.”
Al-Salami points out that "political courtesies and pressures are what hinder the decision to remove the governor of the Central Bank from his position, especially since Al-Alaq failed in his management of the bank and the dollar exchange rates are high and unstable. This has greatly affected Iraq's economic situation, and this is why the dismissal movement will not stop."
Fraud and economic levers
On (September 21, 2023), two independent representatives confirmed that steps were being taken to dismiss the Central Bank Governor due to his lack of control over the exchange rate of the US dollar in local markets.
Representative Ahmed Majeed said during a joint press conference with Representative Hadi Al-Salami, held in the parliament building, that “the rise in the price of the dollar has harmed all sectors of the state and the Iraqi economy, especially the segment of poor citizens in their livelihood and daily needs.”
He stressed that "there is forgery in the receipts that are submitted to the Central Bank through the currency selling window to buy the dollar to import goods, and it is in fact an operation to smuggle the currency outside Iraq, and these banks - which buy the dollar - are economic arms of political parties." link
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Tishwash: Sudanese Advisor: More than 75% of cash is hoarded by citizens
Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Saleh, said that more than 75% of the cash liquidity is hoarded by citizens, and that raising the interest rate in banks is “inevitable.” The Federal Reserve Bank, the US central bank, had imposed measures and restrictions on remittances. External finance from Iraq, to ensure that it does not reach Tehran and Damascus.
Raising bank interest rates
Mazhar Muhammad Salih said, “The Iraqi environment is complex, but raising the interest rate in banks is one of the monetary policy tools, through the use of raising interest, and it is considered a return, and thus prepares liquidity for the banking system.”
He pointed out that "this measure is inevitable, and it is an indication of the monetary policy interest rate, meaning that banks will lend and borrow at this rate plus the differences," indicating that "it is assumed that banks will lend at a higher rate, as the interest rate structure will rise slightly to attract deposits and stagnant funds." a little".
“Cash leakage is a common phenomenon.”
The Iraqi Prime Minister’s advisor for economic affairs pointed out that “people’s liquidity is not a new phenomenon, and it has been present since the emergence of Iraqi money, and people’s confidence in dealing with banking institutions is usually weak,” adding: “about 20-25% of banks’ liquidity is.” The rest is hoarded by citizens, and it is called cash leakage, which is a common phenomenon in the Iraqi economy.”
Mazhar Muhammad Saleh noted that “despite the passage of these banking and financial developments, this phenomenon will increase rather than decrease, and this percentage will not budge from its historical indicators,” explaining that “about 75-80% of the liquidity remains inside citizens’ homes, and not in the banking system to be completed.” The income cycle turns from savings to investments,” he said, calling this issue a “problem.”
“In the face of a vast banking system and a private banking sector, this percentage should improve and become more, but banking customs and traditions are still weak,” according to Mazhar Muhammad Saleh, who added, “The people’s deposit insurance company is supposed to protect them from any banking failures, and its role is important, and it must announces itself more widely.
Over $100 billion
As for Iraq's foreign currency reserves, the Iraqi Prime Minister's advisor for economic affairs said, "Iraq's financial position in foreign currency is still considered the highest in its history, and the hundred billion dollars supporting the Iraqi dinar has exceeded."
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced during the 31st session of the Ministerial Council for the Economy last Monday, raising the interest rate for amounts deposited in banks to 7.5% to encourage citizens to deposit their amounts in banks, and to withdraw the monetary mass outside the banks, while the Ministerial Council for the Iraqi Economy confirmed Study of increasing the interest rate on deposits.
Al-Alaq pointed out that “the exchange rate depends mainly on imports, not on local production, and that the exchange rate in Iraq has peculiarities due to its connection to the price of oil, as it is the largest source of providing hard currency,” explaining that “many factors affect the exchange rate, the most important of which is the leakage The dollar to neighboring countries, and internal dealing in local markets using other than the national currency, as well as the lack of complete control over ports and smuggling.”
Al-Alaq added, “The level of inflation has decreased significantly and that the goods that enter officially are witnessing price stability, because imports are covered by the official price,” pointing to the opening of a special hall for private banks to sell dollars to travelers at Baghdad International Airport, and raising the interest rate for amounts deposited in banks to 7.5% to encourage citizens to deposit their sums in banks, and to withdraw cash from banks.”
In an attempt to control dollar smuggling, the Central Bank issued a number of measures that had no effect in raising the value of the dinar or reducing the large demand for the dollar. The difference between the official exchange rate of 1,320 dinars per dollar and what is sold in the market encourages dollar smuggling networks to Increasing its activity to achieve profits, in addition to the impact of this matter on the daily life of the Iraqi citizen.
A report issued by the International Center for Development Studies, headquartered in the British capital, London, previously warned that the attempts of the Central Bank of Iraq to prevent dollar smuggling have failed, as the price of the dinar continues to decline against the dollar, which exacerbates the suffering of Iraqis and raises the prices of goods.
The report indicated that the Iraqi banking system, instead of being a contributor to the development of the Iraqi economy, has become a major obstacle to growth or attracting investments, in addition to becoming an essential accessory to money smuggling and money laundering networks, as there are a large number of banks that belong to figures close to politicians, parties, and armed militias. It contributes significantly to dollar smuggling and financing foreign trade operations with neighboring countries in exchange for receiving commissions and political support. link
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Tishwash: this is from Iraq's news
Oil prices fall after easing sanctions on Venezuela
Oil prices fell in trading today, Thursday, after Washington announced the easing of sanctions imposed on Venezuela, especially the oil sector.
US crude futures fell by 0.07% to $88.26 per barrel, while global Brent crude futures fell by 0.31% to $91.22 per barrel.
Yesterday, Wednesday, Washington announced the easing of sanctions imposed on Venezuela in response to the agreement of the government and the opposition in this country to hold presidential elections in 2024.
US Deputy Secretary of the Treasury Brian Nelson said in a statement, "In accordance with US sanctions policy and in response to these democratic developments, the Treasury Department has permitted transactions related to the Venezuelan gas and oil sector, as well as the gold sector."
Despite the decline in oil prices, experts believe that the oil sector in Venezuela is dilapidated and in need of billions in investments. link
Mot: .... LOL - This is Sooooooo True!!!
Mot: .. HUH!!! - Say Again!!!! Want to feel old?
News, Rumors and Opinions Thursday AM 10-19-2023
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 Thurs. 19 Oct. 2023
Compiled Thurs. 19 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 18 Wolverine: All operations will be (allegedly) closing by the 20th of October which means you can’t buy any more bonds. They will be shutting down. We are that close, guys. The launch algorithms were ready to go on Mon. 16 Oct. Dubai 1 has been (allegedly) released and Dubai 2 could be finished by now. Banks(allegedly) completed the remaining layers of payments overnight Sun. 15 Oct.
Wed. 18 Oct. TNT: The window for the rate change is still open. The word is Thursday going into Friday 19-20 Oct, but it can still be at any minute. It’s the perfect time to change the rate, while the international transactions are shut down to stop the smuggling of US dollars out of the country.
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 Thurs. 19 Oct. 2023
Compiled Thurs. 19 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 18 Wolverine: All operations will be (allegedly) closing by the 20th of October which means you can’t buy any more bonds. They will be shutting down. We are that close, guys. The launch algorithms were ready to go on Mon. 16 Oct. Dubai 1 has been (allegedly) released and Dubai 2 could be finished by now. Banks(allegedly) completed the remaining layers of payments overnight Sun. 15 Oct.
Wed. 18 Oct. TNT: The window for the rate change is still open. The word is Thursday going into Friday 19-20 Oct, but it can still be at any minute. It’s the perfect time to change the rate, while the international transactions are shut down to stop the smuggling of US dollars out of the country.
Wed. 18 Oct.: The Banker’s only comment today was to remain alert for Reno Bank’s opening on Oct. 19. He should receive advanced alert should this be the trigger. Will advise.
Wed. 18 Oct. MarkZ: “On the Bond side there are some with appointments this Friday (20 Oct.) and they are expecting full funding. There are also a couple appointments for over the weekend.”
Tues. 17 Oct. Bruce: Redemption Centers would receive emails between 10-11 am EST on Wed. 18 to tell them about notifications. There was a possibility Tier4b could get notified on Wed. 18 Oct. and start appointments on Thurs. 19 Oct.
Iraq(allegedly) passed the laws yesterday (Tues. 17 Oct.). There is 5% interest rates on all bank deposits. Iraqi citizens, move your Dinars from under the mattress and deposit them in the bank for profit. Our new automated Banking Systems are waiting to make it happen for you.
By Mon. 16 Oct. the Dinar had (allegedly) revalued in Iraq, was fluctuating in value on the back screens of the Forex, though was mainly at $1.47 to the USD in-country. The in-country rate could climb higher, with the international rate being much higher and the Contract rate much higher than that.
The Iraqi Dinar has (allegedly) revalued and for the past week has been trading on the back screens of the Forex, putting itself in a position for the new exchange rate that was soon to be made public.
Iraqi Banks have been telling Iraqi citizens that the Iraqi Dinar Rate has been changing up in value on the back screens of the Forex and the new rate was about to be announced by the Central Bank of Iraq Board of Directors.
The Central Bank of Iraq has suspended Western Union service for international money transfer: https://search4dinar.wordpress.com/2023/10/12/central-bank-of-iraq-suspends-western-union-service-for-international-money-transfer/
On Sun. 15 Oct. the IMF and World Bank (allegedly) held their last meeting.
Read full post here: https://dinarchronicles.com/2023/10/19/restored-republic-via-a-gcr-update-as-of-october-19-2023/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV saying expected changes in the revenues of the 3 budgets. FRANK: Let's translate that into simple language... - There's a change in the revenue ...the exchange rate...your new national currency to replace the 3 zero notes coming. These words are not used in articles today. These words of communication are about the monetary reform are for you Iraqi citizens not for anyone else. Listen to them carefully.
Walkingstick The CBI, they don't have to convince you or me that they're going to change the rate. They simply have to convey it to the citizens of Iraq. It must be successful with the citizens. It must not fail with the citizens of Iraq or the whole monetary reform will crumble...they are not trying to gain your trust...they are trying to gain the trust of the Iraqi citizens.
MAJOR WIN: BRICS Pay Digital Blockchain Payment System Launched
Lena Petrova: 10-19-2023
Are We Headed for Another Global Financial Crisis? - Robert Kiyosaki,
George Gammon: 10-18-2023
In this episode of the Rich Dad Radio Show, host Robert Kiyosaki and guest George Gammon discuss the financialization of the economy, the state of the dollar, and the potential impact of a stock market crash.
They explore the concept of the economy as a balloon, the role of central banks in propping up the stock market, and the effects of fluctuations in the value of the dollar on debt repayment. They also touch on the potential deflationary impact of rising gas prices, the shift from investing in oil to electric vehicles, and the future value of commodities like silver and copper.
The episode concludes with a discussion on the wisdom of investing in assets with no counterparty risk, such as gold or bitcoin, in times of uncertainty.
More News, Rumors and Opinions Wednesday Night 10-18-2023
KTFA:
Clare: Parliamentary Finance hosts the Ministers of Finance of the Center and the Region
10/18/2023 Baghdad -
The Parliamentary Finance Committee hosted, today, Wednesday, the federal and regional finance ministers.
The Media Department of the House of Representatives stated in a statement, a copy of which Mawazine News received, that “the Finance Committee hosted the Federal and Regional Ministers of Finance.”
She added, "The hosting came to discuss the region's revenues and implement budget instructions." LINK
KTFA:
Clare: Parliamentary Finance hosts the Ministers of Finance of the Center and the Region
10/18/2023 Baghdad -
The Parliamentary Finance Committee hosted, today, Wednesday, the federal and regional finance ministers.
The Media Department of the House of Representatives stated in a statement, a copy of which Mawazine News received, that “the Finance Committee hosted the Federal and Regional Ministers of Finance.”
She added, "The hosting came to discuss the region's revenues and implement budget instructions." LINK
Clare: It includes American forces.. An unknown bombing on the Al-Harir base in Erbil
10/28/2023 Baghdad -
A security source reported an unknown bombing on the Al-Harir base, which houses American forces, in Erbil.
The source said in an interview with Mawazine News, “An unknown bombing targeted the Al-Harir base, which houses American forces in Erbil.”
Reuters quoted two American officials as saying that the US army thwarted an attack by two drones targeting its forces in Iraq early on Wednesday morning.
The two officials - who requested that their names not be mentioned - added that the US army intercepted the two drones before they reached their goal, as they put it.
The two officials indicated that the two drones were intercepted when they targeted the Ain al-Asad air base in Anbar Governorate, western Iraq, which hosts American forces, but the officials declined to specify the party suspected of carrying out the attack. LINK
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Clare: The Governor of the Central Bank of Iraq receives the British Ambassador to Iraq
October 17, 2023
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the British Ambassador to Iraq, Mr. Stephen Hitchen.
During the meeting, the Governor stressed that the Central Bank of Iraq played a major role over the past years in revitalizing the Iraqi economy, through its various initiatives, pointing out the need to support the government’s directions in diversifying the Iraqi economy, supporting the private sector, and improving the work environment in order to attract local and foreign investments.
His Excellency reviewed the mechanism of external transfers and the efforts made to organize them in a manner consistent with the requirements of local and international rules.
During the meeting, Iraq's membership in the European Investment Bank, which the Iraqi Council of Ministers agreed to join, was discussed, and the possibility of benefiting from the great opportunities it offers.
For his part, His Excellency Ambassador Stephen Hitchen affirmed his country's support for the directions of the Central Bank of Iraq and meeting the requirements for its progress.
Central Bank of Iraq
Media Office
October 17, 2023
Courtesy of Dinar Guru
Mnt Goat The saga about the Iraqi dinar RV only gets better as the months roll on. More and more pieces are put in place for the inevitable revaluation and reinstatement of the dinar. It has become not a matter of “if” these events will occur but “when”.
Pimpy Article: "Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq" Will increasing interest rates on your account to 7.5% draw people in? Heck yeah it will! If a bank did that in American you would see a lot of people run to it... Quote: "The Central bank's decision...falls within banking reform measures... of prime minister Al-Sudani's directives... The decision...will certainly encourage citizens to deposit in banks which will stimulate financial movement...in addition to... reducing the exchange rate of the dollar against the Iraqi dinar." That's really what the goal is...If this doesn't work there's going to be other measures that need to be taken in order for them to do something about closing that gap between the parallel market and the set rate of 1320 dinar.
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Economy news Iraq iqd #iraq
Nader: 10-18-2023
Wednesday Evening News with MarkZ 10-18-2023
Wednesday Evening 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
Member: Good Evening all……hoping Mark has some good news tonight
MZ: There certainly are a lot of rumors floating around.
MZ: I am hearing from some bond holders that they are expecting money overnight between Thursday and Friday. Especially on Friday
MZ: At the same time there are some historic bond holders as well that are hearing it could be middle of November before they get paid. I do not know where they fit into the que…where they are in line. They may be giving conflicting news right now to see who leaks. They are purposely putting out false info to see who is leaking and to cloud the timing……If they are working this hard to cloud the timing we must be very close.
Wednesday Evening 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
Member: Good Evening all……hoping Mark has some good news tonight
MZ: There certainly are a lot of rumors floating around.
MZ: I am hearing from some bond holders that they are expecting money overnight between Thursday and Friday. Especially on Friday
MZ: At the same time there are some historic bond holders as well that are hearing it could be middle of November before they get paid. I do not know where they fit into the que…where they are in line. They may be giving conflicting news right now to see who leaks. They are purposely putting out false info to see who is leaking and to cloud the timing……If they are working this hard to cloud the timing we must be very close.
Member: my platform said that the hold has been removed so that the funds should be able to flow for the bonds shortly
Member: I heard bond sellers were told to close shop on Friday
MZ: I do know some bond dealers that have been told to close shop on Friday and to not make any more deals because it will confuse the “vetting” process
MZ: Many more people are waking up and realizing the banking system is about to undergo a big change…..but they do not want us to know the exact timing of “when”……
Member: We were always told at the end everything would be confusing
MZ: We were …and it is.
MZ: Here is a banking story from yesterday for you guys. “3 guys came in to my friends bank in Chicago where she works in mortgage lending. They were wearing suits and had backpacks on. They left after a couple hours after meeting with the Chief financial officer and President.
MZ: . My friend said the after they left it was obvious that the CFO and President were freaking out to the point of one going to the others office and asking him if he was ok. His response was a nervous laugh and he said “oh,sure” . She saw this first hand and in person….
Member: Are the men in black good guys or bad guys?
MZ: That is the question …or are the telling management about the impending change…and they are shaken because they know their entire system is about to change???
MZ: I am hearing a lot of first hand banking stories with strange men in black showing up with instructions and shaking up management.
MZ: We are seeing some very, very unusual military movement all over the country right now. (Shows clips from military convoy in Las Vegas) Defense contractors have been warned to watch out for potests and to increase security in locations.
MZ: Nader had a video this afternoon talking about digital savings cars and more on the banking system and how they are modernizing their postal service….I think the digital savings card is pretty important. Be sure to go listen and like and subscribe. .
MZ: “The Governor of the Central Bank of Iraq receives the British Ambassador to Iraq” There is a recurring theme to all of these meetings lately. Quote: “His Excellency reviewed the mechanism of external transfers and the efforts made to organize them in a manner consistent with the requirements of local and international rules.”
MZ: In all these meetings they are focusing on currency transactions.
Member: Stock market down 333
Member: Are the delays because of Israel and Hamas?
MZ: Is there even a delay? Maybe we read too much into it because we want it to happen so badly.
Member: hi markz I just received a statement from my student loan and it's fully paid
Member: Sounds like Nesara to me???
Member: I went to the bank and they refused to let me get money out of my acct they said they didnt have it
Member: There is a new wealth management office that opened up by us
Member: It feels like we are all trapped in the Hotel California nightmare.
Member: I can not wait to call make my appointment and check out!
Member: Things are so crazy everywhere…..We just need the military to finally step in and end this movie..Hope the white hats are really in charge…but honestly no one knows..
Member: I hate popcorn now.
Member: Thanks Mark and mods….see everyone tomorrow….God bless.
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARK’S OPINION ONLY.
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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.
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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 NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq Just BANNED The Dollar | Sets A New Tone For Global Dollar Dump
Iraq Just BANNED The Dollar | Sets A New Tone For Global Dollar Dump
Tech Revolution: 10-18-2023
Iraq has shared an important announcement. Starting on January 1, 2024, Iraq will no longer allow people to take out or make transactions using U.S. dollars.
They're doing this to stop bad people from using the U.S. dollar for illegal activities and to avoid getting in trouble with the United States over sanctions on Iran.
The idea is to prevent about half of the $10 billion that Iraq brings in from the New York Federal Reserve each year in cash from being used in bad ways.
Mazen Ahmed, who works at Iraq's central bank, explained this to. This move is also part of a bigger plan to use the U.S. dollar less in Iraq. People in Iraq have been using the U.S. dollar a lot because they've had many problems like wars and crises since 2003 when the United States invaded their country.
Iraq Just BANNED The Dollar | Sets A New Tone For Global Dollar Dump
Tech Revolution: 10-18-2023
Iraq has shared an important announcement. Starting on January 1, 2024, Iraq will no longer allow people to take out or make transactions using U.S. dollars.
They're doing this to stop bad people from using the U.S. dollar for illegal activities and to avoid getting in trouble with the United States over sanctions on Iran.
The idea is to prevent about half of the $10 billion that Iraq brings in from the New York Federal Reserve each year in cash from being used in bad ways.
Mazen Ahmed, who works at Iraq's central bank, explained this to. This move is also part of a bigger plan to use the U.S. dollar less in Iraq. People in Iraq have been using the U.S. dollar a lot because they've had many problems like wars and crises since 2003 when the United States invaded their country.
If you put your U.S. dollars in a bank before the end of 2023, you can still take them out in 2024. But if you deposit dollars in 2024, you'll only be able to take out the local currency at a rate set by the government.
The government has one rate for the Iraqi dinar, which is their currency, but on the street, people exchange money at a different rate. Starting in the year 2024, if you happen to possess U.S. dollars in Iraq, there will be some significant changes in how you can use them.
You will have two main options. First, you can use your U.S. dollars with a specially designed card that will allow you to make purchases and transactions inside Iraq at the official government exchange rate.
The second option is to convert your U.S. dollars into the local Iraqi dinar at the rate set by the government.
In simpler terms, if you have U.S. dollars and want to spend money in Iraq, you'll need to convert them into the local currency at the government's exchange rate, and then use the dinar for your transactions.
However, here's an important clarification: These new rules apply primarily to accounts that receive money from other countries. In other words, if you're receiving funds from abroad, these regulations will affect you.
If you're only dealing with money generated within Iraq, you may not be subject to these specific restrictions.
This shift is aimed at controlling the use of foreign currencies, particularly the U.S. dollar, in international transactions within Iraq, ultimately promoting the use of the Iraqi dinar and formalizing the country's financial system.
Iraq has already put a system in place to keep an eye on the money coming in and going out of the country, especially wire transfers, which are like electronic money transfers. This was a big problem before because some people were doing fake transactions and sending money to Iran and Syria, which were under U.S. sanctions.
Iraq has established a new system, with assistance from the United States. This system plays a crucial role in managing Iraq's substantial income from selling oil, a valuable resource for the country.
Over time, this system has become increasingly effective in its operation. One of its key functions is to ensure that U.S. dollars are available at the official exchange rate for individuals and businesses engaged in legitimate international trade.
This means that when Iraqis or businesses want to buy essential items like food and consumer goods from other countries, they can access U.S. dollars at a fair and standard rate.
Imagine you're buying groceries at a store, and you want to use your local currency to purchase imported products. Thanks to this system, Iraqis can easily obtain U.S. dollars, which are widely accepted in international trade, to pay for these goods.
This simplifies the process and ensures that transactions are carried out smoothly, without any unexpected currency complications.
So, this system not only helps Iraq manage its oil revenue but also supports the everyday needs of its people by providing access to U.S. dollars for essential imports, all while maintaining a fair and consistent exchange rate.
But, according to Mr. Ahmed, people were still finding ways to misuse cash withdrawals, especially travelers who were allowed to take out up to $3,000. Iraq wants to make sure it doesn't upset the United States because it relies on U.S. help to manage its money and oil.
At the same time, Iraq's government, which is supported by powerful groups close to Iran, doesn't want to make Iran mad or upset the groups that are deeply involved in Iraq's informal economy.
More Details In The Video
Bruce’s Big Call Dinar Intel Tuesday Night 10-17-23
Bruce’s Big Call Dinar Intel Tuesday Night 10-17-23
Transcribed By WiserNow Emailed To Recaps
Welcome, everybody the big call tonight. It is Tuesday, October 17th and you're listening to the big call. Thanks, everybody wherever you're located around the globe. We had we were in 201 countries on last Thursday's call - Let's see how many we have had 28.5 - 28 point 6 million listeners confirmed tag back to us that listen to the call and that's a record. That's the most the largest reach we've had so far, Internationally. So thanks so much to the satellite team for putting that together. And hopefully we have a similar reach on our call tonight.
Alright, let's see. Where are we tonight? You know, I'll start with this. We don't have a speaker of the house yet
Bruce’s Big Call Dinar Intel Tuesday Night 10-17-23
Transcribed By WiserNow Emailed To Recaps
Welcome, everybody the big call tonight. It is Tuesday, October 17th and you're listening to the big call. Thanks, everybody wherever you're located around the globe. We had we were in 201 countries on last Thursday's call - Let's see how many we have had 28.5 - 28 point 6 million listeners confirmed tag back to us that listen to the call and that's a record. That's the most the largest reach we've had so far, Internationally. So thanks so much to the satellite team for putting that together. And hopefully we have a similar reach on our call tonight.
Alright, let's see. Where are we tonight? You know, I'll start with this. We don't have a speaker of the house yet
But I know Jim Jordan, they put a third vote through today, in in the house, and he got 200 votes he needs 217 Now, tomorrow, they're supposed to have another vote. Maybe that'll do it. I think that's important for us. It may not be absolute, but I think it's important for us to move into the arena of political change that we're looking forward to. So let's see what happens with that.
All right, outside of that, we do talk to redemption center people occasionally, and tell them some of the top let's just call it the top Wells Fargo personnel - And where we stand right now - is yesterday at the redemption centers. - They were doing a series of I believe five video conference calls, five in one day.
That's a lot. We don't know who they're with. We can only presume who they might have been with based on the past and based on Treasury calls and calls with other bankers calls that are maybe international versus calls that are domestic throughout the US. But that occurred yesterday.
And I know that where we are today we've got a consensus of redemption centers, staff and top Wells Fargo personnel that are suggesting the same thing and that is they are looking for an email tomorrow morning between 10 and 11 - Eastern time tomorrow.
That would most likely go out not only to tier one banks, but also at least to the redemption centers. And it may go out to all the banks. I don't know that. But we know that the redemption centers are looking for it between 10 and 11 in the morning, that would give them a heads up as to notifications - we think are going out tomorrow.
It's not absolute, but the notifications come in by email from Treasury between 10 and 11. And it suggests that go ahead for us. We could very well get notified tomorrow.
Now, what else? When we get notified - Especially if it's - well, let me put it this way. If we were to get notified before noon, It would be quite possible we would start exchanges on that same day in the afternoon and evening.
So in the case of tomorrow, we got it before noon. We can maybe exchange tomorrow afternoon / tomorrow evening - which is Wednesday. Tthat would be great.
Now, it doesn't mean that even if they get the email between 10 and 11 that we get notified then. We could get notified in the afternoon. We could get notified overnight. We don't know exactly when to do it and neither do the redemption centers and neither do the top Wells Fargo people. They're just going to have to get in when they get it.
So our hope is that we get notified - we set our appointments - and at least start Thursday. That's what I'm hoping that we'll see if that's what manifests
I mean, there's so much stuff going on around the globe. And we do need a number of things to get ready to come out. I don't know that they all have to come out before we get notified. We're supposed to still go on a shotgun start with our bondholders and with our other brothers in tier 4A - brothers and sisters in the admirals groups.
But I'll say this I think that the shotgun start could be and we've heard it said several times to us. That happened within a 10 to 12 hour period of each other. The bondholders might get access to their funds that such and such. We may get our notifications at such a time – set our appointments to begin in such a time - and the whole thing and the admirals groups, emails and notifications to their participants would go out.
It all should occur within about a 12 hour period. it may be tighter than that. It may happen within a two or three hour period. but it should occur within 12 hours of each other. That's what I mean by that is a shotgun start.
So you know guys, we've been awfully close before, or at least we thought it was that case. And now we're at that same point of could it happen? Could it happen tomorrow? I don't know - but I'd say one thing. Redemption centers and top executives for the banks are looking for that email to occur between 10 and 11 in the morning.
We don't know what it's going to say we think it has to do with the release of notifications, for us.
Bondholders still do not have access to funds yet. They would be looking for an email as well that would give them access to funds. And then they have some spendability - they've only had what I call walking around money so far, that's been allocated to them. And it hasn't been a lot. It's been a little something but it hasn't been anywhere near the 1% or 10% or whatever their arrangement is, of what they're going to get.
And so, you know, we're gonna have an opportunity to move approximately $1.2 billion into each of our LLC accounts - From our quantum account when we go in.
So in the case, in my case, I've got four LLCs. I should be able to move about 1.2B into each account.
They're already set up. I mean, the accounts aren’t but the LLCs are set up. That's how I'm choosing to do it. Not the only way to do it. It's just the way that my attorney and I have talked about and decided to do it that way.
So I think you know what I'm doing four accounts because one is for rebuild America, one for rebuild international ones for veterans retreat network and one's for the pastoral retreat.
But we've got four LLC for four separate projects. You obviously don't have to do it that way. I'm doing it that way, you know, just for accounting purposes and whatever else. So I'm looking forward to it.
Remember our appointments are only supposed to last about 30 minutes now. Not 40 like we were taught about a couple of months ago.
Now we're looking at trying to get everything done in 30 minutes they're going to have three delarue machines at each redemption center that they can literally - If you had three or four or five different currencies, they can run them quickly through three different people operating those delarue machines at the same time - And that's gonna be cool to listen to that happen - (sound of money counting machine) simulated.
So that's exciting. And obviously what's more exciting is what we're going to be able to do with these resources for humanity with our projects and to be prepared for those projects - You need to be as prepared as you can be between now and the first six months, maybe a year.
That's really the majority of everything we think I can tell you this. What we got in report today was all the rates are extremely good. And we know that the dinar came back up on the Forex yesterday and came back up on the streets for trading on forex and on the bank screen today. The rates are very good.
And I think everybody will be super pleased with that.
I don't know if there's anything - you know, it's funny yesterday, and even the day before so that would have been like Sunday and Monday. We had very little information in fact yesterday was sort of a dud because it didn't really bring us much of anything.
Today was a little bit better even though we are still waiting for those emails morning. So I'm talking about the ones going to the redemption center centers and the banks that if those turn out positive, then we should operational words “should” be notified as early as tomorrow. But let's see what happens.
It’s kind of exciting but you know as well as I do, you know nobody's information in 100% including mine. I do the best I can to bring what I get from several sources, multiple sources, and sometimes we're right on the verge of it. And then something happens and we're not there. So we hope that this is it. I'm looking forward to getting notifications just like you guys. So thanks everybody for tuning in tonight.
So thanks for listening everybody all over the globe. Thank you for we finally met we were looking to get 200 countries. On Thursday. We got 201 out of 209. We got two old ones. And I don't think we got to Israel or couple others in the Middle East. That might have been where we were a little short on on Thursday night but hopefully tonight we're reaching quite a few countries.
The main thing is that we are looking forward to receiving this blessing. So in a very timely manner here. So let's pray the call out. and then we'll say goodnight for tonight and look forward to see what happens in the next couple of days.
Bruce’s Big Call Dinar Intel Tuesday Night 10-17-23 REPLAY LINK Intel Begins 1:07:07
Bruce’s Big Call Dinar Intel Thursday Night 10-5-23 REPLAY LINK Intel Begins 1:07:37
Bruce’s Big Call Dinar Intel Tuesday Night 10-10-23 REPLAY LINK Intel Begins 1:10:30
Bruce’s Big Call Dinar Intel Thursday Night 10-5-23 REPLAY LINK Intel Begins 1:17:57
Bruce’s Big Call Dinar Intel Tuesday Night 10-3-23 REPLAY LINK Intel Begins 1:29:29
Bruce’s Big Call Dinar Intel Thursday Night 9-28-23 REPLAY LINK Intel Begins 1:11:11
Bruce’s Big Call Dinar Intel Tuesday Night 9-26-23 REPLAY LINK Intel Begins 1:15:15
Bruce’s Big Call Dinar Intel Thursday Night 9-21-23 REPLAY LINK Intel Begins 1:23:23
Bruce’s Big Call Dinar Intel Tuesday Night 9-19-23 REPLAY LINK Intel Begins 1:24:20
Currency Insider Iraqi Dinar Updates Wednesday AM 10-18-23
Currency Insider Iraqi Dinar Updates Wednesday AM 10-18-23
Iraqi Dinar And Dong New Rate Updates
Massive Exchange Rate Iraqi Dinar Today
Currency Insider Iraqi Dinar Updates Wednesday AM 10-18-23
Iraqi Dinar And Dong New Rate Updates
Massive Exchange Rate Iraqi Dinar Today
Iraqi Dinar And Dong New Rate Updates
Massive Exchange Rate Iraqi Dinar Today
Economist's "News and Veiws" Wednesday 10-18-2023
Bail-Ins Will SHOCK The Public | Andy Schectman
Liberty and Finance: 10-18-2023
Bank bail-ins are on the horizon, says Andy Schectman of Miles Franklin. And the public, even investment professionals, "have no idea what's coming for them."
He expects the gold and silver markets will go crazy, since the public will rush into the only assets outside the system that have been wealth for 6,000 years.
Precious metal inventory levels will likely dry up, and premiums of physical bullion will go through the roof.
Bail-Ins Will SHOCK The Public | Andy Schectman
Liberty and Finance: 10-18-2023
Bank bail-ins are on the horizon, says Andy Schectman of Miles Franklin. And the public, even investment professionals, "have no idea what's coming for them."
He expects the gold and silver markets will go crazy, since the public will rush into the only assets outside the system that have been wealth for 6,000 years.
Precious metal inventory levels will likely dry up, and premiums of physical bullion will go through the roof
.INTERVIEW TIMELINE:
0:00 Intro
2:30 New normal
9:56 Escalating conflicts
18:20 Dedollarization
24:46 Bail-ins
Peter Schiff: "A STORM Is Brewing" In The US Economy, Those Who Aren't Prepared Would Be WIPED Out
Wallstreet Research: 10-18-2023
Peter Schiff believes that we are not currently in a depression, but he warns that future economic conditions may lead to one.
He argues that depression has been temporarily averted through debt and inflation but emphasizes that these actions have sown the seeds for a future depression.
Debt and inflation have indeed been used to stimulate the economy and prevent recessions, as seen in response to the 2008 financial crisis. Continuous debt accumulation can create long-term economic imbalances and instability, potentially leading to a severe economic downturn in the future.
Schiff suggests that the government plays a significant role in determining how severe this impending depression will be.
He highlights the possibility of worsening the situation with poor monetary and fiscal policies. Government policies, such as excessive spending or failing to address structural economic problems, can exacerbate economic challenges.
History has shown that government actions during economic crises can either mitigate or worsen their severity.
ALERT! Another F@LSE FLAG EVENT HAS OCCURRED. US Manufacturing CRATERS. INFLATION SURGES.
Greg Mannarino: 10-18-2023
"Tidbits From TNT" Wednesday 10-18-2023
TNT:
CandyKisses: Minister of Trade: Iraq is currently witnessing fundamental economic changes
Economy News - Baghdad
Trade Minister Atheer Al-Gheriri stressed on Tuesday keenness to increase the volume of trade exchange with Saudi Arabia, while noting that Iraq is currently witnessing fundamental economic changes.
The Ministry of Commerce said in a statement that "Minister of Trade Atheer Al-Ghurairi delivered a speech on the occasion of the opening of the activities of the Made in Saudi Arabia exhibition and the participation of Iraq as a guest of honor in it, which kicked off yesterday in Riyadh."
TNT:
CandyKisses: Minister of Trade: Iraq is currently witnessing fundamental economic changes
Economy News - Baghdad
Trade Minister Atheer Al-Gheriri stressed on Tuesday keenness to increase the volume of trade exchange with Saudi Arabia, while noting that Iraq is currently witnessing fundamental economic changes.
The Ministry of Commerce said in a statement that "Minister of Trade Atheer Al-Ghurairi delivered a speech on the occasion of the opening of the activities of the Made in Saudi Arabia exhibition and the participation of Iraq as a guest of honor in it, which kicked off yesterday in Riyadh."
Al-Ghuriri stressed "Iraq's keenness to increase the volume of trade exchange, exchange experiences and increase opportunities for partnerships with the Kingdom of Saudi Arabia," noting that "Iraq is currently witnessing fundamental economic changes and gives a greater role to the private sector in the process of development and economic development and creating a suitable environment for work, investment and economic development."
He continued, "Since its inception, the Iraqi-Saudi Coordination Council has played a major role in strengthening bilateral relations, whose results have been tangible on the ground through the main committees emanating from it and the agreements reached that laid the foundations for sustainable joint action and the implementation of projects that would contribute significantly to work in the long term and in line with the strategic vision of the leadership of the two countries."
Tishwash: Will the dollar disappear in Iraq?
For eight months, the Central Bank has been unable to stop the dollar’s rampage against the dinar in the parallel market. This is offset by the absence of the ability to meet the dollar demands that cover foreign trade in light of the expansion of Iraq’s import list and the restriction to exporting oil only.
The electronic platform recently introduced by the Central Bank was not able to restore stability to the parallel market and reduce the gap between the official price and the parallel price, as most transfers still take place outside that platform, especially with countries that are witnessing US sanctions such as Iran, Syria, and entities in Turkey.
With this landscape full of uncertainty, Iraq intends to completely ban transactions in US dollars starting from January 2024, under the pretext of reducing the misuse of hard currencies, financial crimes, and currency smuggling abroad.
From my point of view, the timing of this measure is not correct, in light of the absence of solutions to the problems suffered by the parallel markets for foreign currency, as this heralds the exacerbation of the cash or cash crisis in Iraq, and there is a possibility that matters will reach a severe shortage in the Iraqi monetary mass, which means resorting to... The central bank will print money, and the consequences will be dire, most notably the monetary inflation that a number of countries in the region are currently witnessing, such as Iran, Turkey, and Lebanon.
Here I call on the Central Bank to work diligently towards adopting a new currency to replace the dollar, such as the euro, for example, the Chinese yuan, or the Emirati dirham. This is not easy, but it is not impossible, while working to use gold as an agreed-upon unit for evaluating goods and services.
This trend would reduce the pressure on the dollar in the parallel market, and would also be a fatal blow to speculators in the parallel markets, in addition to preserving trade with countries that are currently witnessing economic sanctions by the US Treasury Department and the US Federal Bank.
Today, the Central Bank of Iraq has a historic opportunity to address and manage the dollar exchange rate and arrange the parallel market securities, in a practical and decisive manner, and work to determine priorities in the monetary market with the aim of improving the stability of the foreign currency. This is matched by a serious effort to push private banks towards providing the best services to customers and creating a spirit of competition between them. In order to attract the hoarded cash mass outside the Iraqi banking system. link
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CandyKisses: Abdul Mahdi demands the implementation of a resolution of parliament and the withdrawal of the Americans and NATO from Iraq: prepare for a "long battle"
Baghdad Today - Baghdad
On Wednesday (October 18, 2023), former Iraqi Prime Minister Adel Abdul Mahdi submitted two proposals to respond to the aggression against occupied Palestine.
Abdul Mahdi said in a statement received by "Baghdad Today" that "in the face of the great tragedy and a preliminary response to the aggression against Palestine, we see at this stage two urgent demands, the first of which is the immediate implementation of the House of Representatives resolution on 5/1/2020, which stipulates (the withdrawal of all US and NATO forces in all their names)
"The second requirement is readiness at all levels and fields to face the long battle that awaits us
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CandyKisses: Bombing targets a US military base in Erbil
Shafaq News / A security source said on Wednesday that a bombing targeted a military airport inhabited by US forces in Erbil province in the Kurdistan region.
The source told Shafaq News Agency that Hareer Military Airport in Erbil Governorate was bombed, this afternoon, by a day.
The source explained that the bombing targeted US forces stationed at the airport, noting that "the damage is still unclear so far."
In the context, an armed group calling itself “the formation of the heirs – the operations room of the support of the Al-Aqsa Flood,” claimed responsibility for the bombing.
In a statement broadcast on the Internet, she said that as part of the operations attributing the Al-Aqsa Flood, we announce the targeting of "the US occupation base in northern Iraq - the Silk base - with a drone at 12 p.m. on Wednesday."
On this morning, the Reuters news agency reported that the US military thwarted an attack on the Ain al-Assad base in Anbar, using drones.
This development comes after noisy night demonstrations in Iraqi cities condemning the Israeli bombing of a hospital in Gaza, and threats by some resistance factions to target American interests in the country.
Washington has raised its alert level in anticipation of attacks from “Iran-backed” groups amid a sharp rise in tension in the region over Israel’s war with Hamas.
The White House said on Monday that US President Joe Biden and Iraqi Prime Minister Mohammed Shia al-Sudani discussed efforts to prevent the conflict in Gaza from expanding.
I’m He added that the two leaders also discussed the importance of addressing the worsening humanitarian crisis in the sector.
Mot: .. UH OH!!!! -- They Found me Cameras!!! Siigghhhhhh
