More News, Rumors and Opinions Monday Afternoon 12-11-2023
DJ: DID YOU KNOW?
Do you know what holds us back most of the time? It’s our own mental models that have been fed with and tainted by misinformation. It can be said that the internet is the most important tool for disseminating information we’ve had since the invention of the printing press.
Unfortunately, it is also one of the best ways of stealing or suppressing information and for putting out misinformation. Constantly exposing ourselves to popular culture and the mass media, in all its forms, will ultimately shape our reality tunnel in ways that are nor necessarily conducive to achieving our life goals or calling. Modern society has “lost the plot”.
Lies, misinformation and conspiracy theories are not free speech! They are fraud and propaganda. The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.
DJ: DID YOU KNOW?
Do you know what holds us back most of the time? It’s our own mental models that have been fed with and tainted by misinformation. It can be said that the internet is the most important tool for disseminating information we’ve had since the invention of the printing press.
Unfortunately, it is also one of the best ways of stealing or suppressing information and for putting out misinformation. Constantly exposing ourselves to popular culture and the mass media, in all its forms, will ultimately shape our reality tunnel in ways that are nor necessarily conducive to achieving our life goals or calling. Modern society has “lost the plot”.
Lies, misinformation and conspiracy theories are not free speech! They are fraud and propaganda. The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.
Misinformation rules when crucial information is suppressed. It’s okay to be honest about not knowing rather than spreading falsehood. Would you enthusiastically recommend that a friend purchase something you had never tested yourself? Probably not.
But Intel providers may be doing this unwittingly with information every day. When these like-minded people get together, they often end up thinking a more extreme version of what they thought before they started to talk to each other.
Most of the time, we see only what we want to see, or what others tell us to see, instead of really investigating to see what is really there. We embrace illusions only because we are presented with the illusion that is embraced by the majority. When in truth, they only become popular because they are pounded at us by the media with such an intensity and high level of repetition that its mere force disguises lies and truths.
And like obedient schoolchildren, we do not question their validity and swallow everything. Why?. Because since the earliest days of our youth, we have been conditioned to accept that the direction of the herd, and that authority anywhere, is always right.
Be critical in your thinking whenever presented with mass thinking by mass media and the like-minded people who are quick to accept and propagate information that isn’t, or can’t be, verified.
The only thing anyone can really know for sure is that you can’t really know anything for sure, if you’re lucky, you can get half the truth.
DJ https://www.rumormillnews.com/cgi-bin/forum.cgi?read=233485
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US Dollar is Doomed – David Morgan
By Greg Hunter’s USAWatchdog.com (Saturday Night Post) (Updated)
Economic analyst and financial writer David Morgan went against the majority of financial gurus and predicted at the end of 2022 that there was no way the Fed was going to cut interest rates. He was 100% correct! Now, Morgan is, once again, going against the majority and doubling down on that prediction.
One big reason the Fed is not about to lower interest rates is the news this week that United Arab Emirates (UAE) is cutting back on using the US dollar settling in oil trades or dropping it altogether in some oil settlements with other BRICS counties.
Morgan explains, “The US of A has lost its day in the sun. The US dollar is not only further in its demise on a longer-term basis, but it is being less and less trusted over the globe.
When things do reset . . . the clout the US dollar enjoyed is no longer there.
I am afraid that is the trend established by UAE saying we do not want to settle in US dollars for oil. . . . This is huge.”
Less demand for dollars means it will be harder to roll over the huge debt the US has for cheap Treasury rates. Morgan says, “Interest rates will have to go up to get more suckers to buy our debt. . . .If the world runs on dollars, and they don’t want to use the dollar anymore, it means the dollar is doomed.”
This brings us to the run to gold that Morgan says has already started. Morgan points out, “There is a run to gold . . . and I can prove it. You have never seen this amount of gold buying in 2022, and it’s carried into 2023 by central banks. What’s the old adage? He who has the gold makes the rules. Central banks have been buying gold at a rate that has not been seen in five decades. So, that shows you the run to gold has begun. This is the smart money moving into gold.”
Morgan sees gold making a new floor at $2,000 per ounce. Morgan also sees gold going up to $2,500 by the end of 2024 and even higher if things really go wrong for the US dollar. Morgan also thinks that silver will follow gold up and not lead this time around as it usually does. Morgan says silver could hit $50 per ounce by the end of 2024 if things get really ugly for the US dollar.
There is much more in the 36-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One on One with David Morgan, founder of “The Morgan Report,” for 12.09.23.
Courtesy of Dinar Guru https://www.dinarguru.com/
Breitling The inflation for Iraq is artificial inflation. You go back and look, How many customers did Iraq have back in the day? How much oil were they selling? What was the value of the currency back in those days? $3.22 value. How many customers do they have today? They have way more customers. They have more production. The price per barrel is more than in those days when it [the dinar] was $3.22. It's not a market bearing inflation, it's artificial inflation. They have more customers. They have a bigger reserve than they've ever had. One of the biggest in the world for the US dollar. That's the reality that you're looking at. You are sitting on a gold mine.
Militia Man We've seen nothing but loans for salaries. Why? Because they haven't changed the exchange rate in my view. Projects haven't been paid. Why? Because they haven't changed the exchange rate. Why? Because they need specific time maybe? I'm not really sure. But...everything becomes cheaper once they change the exchange rate. Do they have a time frame for it? Of course they must...Alaq said they're done commercially with the dollar on the 1st of next month. We're going to have to be cautious and wise and pay close attention.
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2024... YOU ARE ABOUT TO SEE THINGS HAPPEN THAT YOU JUST WILL NOT BELIEVE! Be Ready.
Greg: Mannarino: 12-11-2023
"Coffee With MarkZ" Monday Morning Chat 12-11-2023
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 to everyone here, this morning
Member: Hope everyone has a great day today! only 3 weeks left until 2024, let's see what transpires...
Member: Have whales been paid?
MZ: There is a whole lot of rumors out there…but whales have not been paid. A number of groups have been funded and are positioned….but they have not distributed funds yet.
Member: "Funded and Positioned" is huge! It is not the same as liquid, but let's acknowledge it is something to acknowledge and celebrate..
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 to everyone here, this morning
Member: Hope everyone has a great day today! only 3 weeks left until 2024, let's see what transpires...
Member: Have whales been paid?
MZ: There is a whole lot of rumors out there…but whales have not been paid. A number of groups have been funded and are positioned….but they have not distributed funds yet.
Member: "Funded and Positioned" is huge! It is not the same as liquid, but let's acknowledge it is something to acknowledge and celebrate..
Member: A sudden week off from school in Iraq. Starting on 12/13/23 and ending 12/20/23.. This was out of the blue from the government of Iraq. This was in my inbox this morning.
MZ: I had not seen that yet but it would sure fit with all the timing I am hearing. Lots of focus on the 13th-17th.
Member: From Frank26: There is no more guessing… The World Bank has just told the whole world Iraq is about to raise the value of its currency!
Member: Seems the boards are saying Reno and Zurich are either released or in the process
MZ: My bond and group side is very quiet right now. That’s to be expected on Monday mornings.
Member: Nader is saying not until January.
MZ: That’s only 3 weeks away…..I could live with that if it’s accurate. But I am hearing the push is to be well underway by then. I’m hearing they still want money moving by Christmas. But nobody knows the timing……
Member: Dinar recaps article reported 35 TRILLION Dinars missing from government accounting . Could that be why hold up?
Member: Mark it is looking like Operation Sandman by all these countries de-dollaration
Member: What is operation Sandman?
Member: It’s a rumor that over 100 countries agree to dump the US dollar at the same time to crash the old system.
MZ: There is a lot going on in BRICS right now. De-dollarization all over shows just where we are headed. There is a mad dash to de-dollarize by the first of the year….by nearly all countries involved …which is unusual. They all seem to be on the same time schedule which is very interesting.
MZ: “India makes huge announcement about Pakistan joining BRICS” Pakistan really wants in BRICS and india holds the deciding vote. Will be interesting to watch.
MZ: Announcement from BRICS “ $2 Billion in copper trade to be paid in Chinese Yuan-ditching the US Dollar” This is another big story which is part of the “de-dollarization” and possible collapse of the SWIFT system.
MZ: “Argentina limits bank ‘s dollar holdings as devaluation looms”
MZ: “BRICS: Putin says western banking dominance will end” This is from when Putin was traveling abroad in Saudi Arabia. He says BRICS are rushing in a new era by replacing the fiat system with a new world order.
Member: The US is being a bully in the world and it is time the bully gets knocked off their pedestal.
Member: I heard fiat starts to crash –Dec 15th… Ariel said banks go down 15th
Member: You may be right about that. All sorts of posts talking about December 19th and around that time as being incredibly significant.
Member: I wonder if a country can revalue asset backed if it is not part of BRICS yet?
Member: So how many Dinarians are here in the US?
Member: I believe that less than 1% of the people in the U.S. know about the RV and Nesara and the QFS.
Member: Any idea who our notification emails will come from? Will it be specific banks, or something more generic?
Member: The dinar sites like Dinar Recaps and Chronicles will send out exchange instruction emails to their subscribers…..They should also post the information at their sites that anyone can go read….Also Mark, Bruce, Frank, TNT ect….will be posting all about it….you will not miss it.
Member: Why is it called an RV?
MZ: RV is short for Re-Valuation of currencies…..
Member: I wonder if we will we be able to exchange our fiat dollars for rainbow gold backed currency at the redemption centers?????????????????
MZ: I am told no. They are only interested in redeeming foreign currency at the exchange appointments. They do not want to deal with large amounts of cash at our appointments for security reasons. But you can exchange fiat for new currency at any bank….or go out and spend it during this period they give us…..I heard we will have 90 days to 6 months in which to change out our old fiat currency for asset backed….
Member: Any bank stories today?
MZ: I forgot to give one I have…remind me tonight.
Member: Will do, we love the bank stories!!
Member: Time for talk is over, it's time for ACTION!!
Member: I heard 13 years ago that it would be crazy at the end. I never thought it would be this bad.
Member: Everything is distractions. It is designed to keep us at a lower frequency. Focus on positivity and good things.
Member: I had a dream that the RV has happened, med beds are released, humanitarian projects have begun and I was sharing funds. wonderful dream
Member: 12:12 NEW MOON PORTAL OPENING TOMORROW, OPENS 2 DAYS BEFORE, DURING AND 2 DAYS AFTER...TIME TO MANIFEST!!
Member: Mark Z and mods….thank you for all you do for this community.
“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
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.
Currency Insider Iraqi Dinar - Dong Updates Late Sunday Evening 12-10-23
Currency Insider Iraqi Dinar - Dong Updates Late Sunday Evening 12-10-23
Iraqi Dinar big Reveal And big Announcement
Iraqi Dinar Reinstatement Final Phase 1 To 1 Big News
Currency Insider Iraqi Dinar - Dong Updates Late Sunday Evening 12-10-23
Iraqi Dinar big Reveal And big Announcement
Iraqi Dinar Reinstatement Final Phase 1 To 1 Big News
Iraqi Dinar big Reveal And big Announcement 3:18
Iraqi Dinar Reinstatement Final Phase 1 To 1 Big News 3:54
"Tidbits From TNT" Monday Morning 12-11-2023
TNT:
CandyKisses: Border forces thwart attempt to smuggle 76 bank cards at Najaf International Airport
Economy Baghdad News
The Border Forces Command announced, on Sunday, the seizure of (3) defendants in possession of (76) bank cards prepared for smuggling at Najaf International Airport.
The command said in a statement, seen by "Economy News", that "the detachments of the police station Kumarak Najaf Airport of the police directorate of the fifth region (3) managed to seize defendants in possession of (76) bank cards of various types."
She pointed out that "it was packed with sums of money prepared for smuggling," noting that "the report of the seizure of assets was organized and the seizures were referred to the competent authorities."
TNT:
CandyKisses: Border forces thwart attempt to smuggle 76 bank cards at Najaf International Airport
Economy Baghdad News
The Border Forces Command announced, on Sunday, the seizure of (3) defendants in possession of (76) bank cards prepared for smuggling at Najaf International Airport.
The command said in a statement, seen by "Economy News", that "the detachments of the police station Kumarak Najaf Airport of the police directorate of the fifth region (3) managed to seize defendants in possession of (76) bank cards of various types."
She pointed out that "it was packed with sums of money prepared for smuggling," noting that "the report of the seizure of assets was organized and the seizures were referred to the competent authorities."
Tishwash: Samsung: Iraq represents the most prominent market in the Middle East
Samsung Electronics Levant and a number of media representatives discussed ways to enhance cooperation in a way that serves and strengthens the local market. The company expressed its thanks and appreciation to its media partners and journalists who contributed to the success of Samsung’s events and covered its news with all dedication and mastery.
On this occasion, Sangmin Kim, General Manager of Samsung Electronics Levant in Iraq, said: “We are very grateful for the efforts of all media professionals and journalists for their constant support and great contribution to our success here in Iraq. Your strong and effective concern for the presence of the Samsung brand in all media outlets It contributes significantly to conveying our message and achieving our goals in the Iraqi market.”
Kim added: “Samsung is keen to hold this type of event that brings it together with its partners who have always contributed to its success, with the aim of strengthening the ties between Samsung and the press and media sector on the one hand, and enhancing communication with them and informing them of the achievements and developments that Samsung has achieved from generation to generation.
It is distinguished by The Iraqi market is one of the most important markets in the Middle East and North Africa, which Samsung seeks to supply and enrich with the latest devices, accessories and technologies, as well as achieving further growth in it by meeting the needs and desires of our customers in a way that exceeds their expectations.”
The event included an exchange of conversations between Samsung and representatives of media companies about the Iraqi market and the needs of customers in it. Samsung displayed the most prominent technologies that it was keen to have in the Iraqi market, including SmartThings technology, which contributed to making customers’ lives easier and more flexible. link
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Tishwash: An organization estimates that there are 90 trillion dinars outside the banking system
The “Future Iraq” Foundation for Economic Studies and Consultations counted the local currency circulating outside the country’s banking system during the year 2023, and said that it exceeded 90 trillion dinars.
The institution stated in a report that the value of the issued cash currency increased from 78 trillion dinars at the beginning of the year 2022 to reach more than 102 trillion dinars at the end of the year 2023, with a growth rate in the issued cash currency amounting to 9.24% during 2023 and a growth rate in 2022 amounting to 20%, an increase over the year. 2019 by 58 trillion Iraqi dinars, according to data from the Central Bank of Iraq.
The report added that the cash currency outside the banking system amounted to approximately 93 trillion Iraqi dinars, an increase of 30% compared to 2022, and it is the highest volume of funds existing outside the banking system throughout the history of the Iraqi banking system.
According to data from the Ministry of Planning, the population of Iraq in 2023 reached approximately 43 million people, representing only 60% of them over the age of 15 years. Therefore, the number of Iraqis’ population who are more than 15 years old exceeds 26 million people, and based on the Ministry’s figures Work, which indicates that the size of social welfare beneficiaries is approximately 14 million people, while the number of adult Iraqi citizens who are not covered by social welfare is approximately 12 million people.
The report indicated that, based on data from the Ministry of Labour, the Ministry of Planning, and the Central Bank of Iraq, it can be concluded that the average value of each Iraqi’s 12 million people hoarding money in the Iraqi currency “exclusively” is approximately 7.2 million Iraqi dinars per citizen, higher than the year 2019, which was approximately 4 million. Iraqi Dinar.
According to the Foundation, considering that each home contains at least two adults (a man and a woman) who are not covered by social care, the rate of each Iraqi home hoarding money exclusively in the Iraqi currency amounts to 15 million Iraqi dinars, which is a higher percentage than in 2019, which was approximately 8.12 million dinars. Iraqi.
The report noted that, based on these official figures issued by official bodies, every adult Iraqi citizen over the age of 15 (man and woman) who is not a beneficiary of social welfare was able to increase his money stored in Iraqi dinars by 1.2 million Iraqi dinars during the years 2022 and 2023 despite From the decline in the value of the dinar compared to the dollar in the local market, in addition to the rise in commodity prices and the rise in inflation rates by 4%, according to data from the Ministry of Planning.
Hoarded money is defined as the value of money that a person keeps away from the banking system, and does not invest it or buy his own assets, but rather keeps it away from financial institutions and exclusively in the Iraqi currency and not in other currencies.
The institution concluded in its report that some believe that these numbers may be illogical, and that Iraqis are suffering from a major shortage of funds and deteriorating social conditions. However, what is proven is that the Central Bank of Iraq has, in two years, exported more than 24 trillion Iraqi dinars, warning that more Of the 22 trillion Iraqi dinars that were hoarded by adult citizens and non-beneficiaries of social welfare. link
Mot: . Great Way to Start da Daze!!!!
Mot: .... DRUM ROLLLLL ---
News, Rumors and Opinions Monday AM 12-11-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 11 Dec. 2023
Compiled Mon. 11 Dec. 12:01 am EST by Judy Byington
Judy Note: Their fiat Petrodollar was now dead and as their Global Banking System collapsed, it was expected that they would retaliate with Worldwide Terrorist Cyber Attacks.
An RV of currencies in 209 countries aided by the White Hat Global Alliance Military would very soon be victorious over this Deep State Cabal.
Petrodollar Endgame Moves Even Closer: The UAE just stopped transaction oil in U.S. dollars. BRICS now controls most of the world’s nuclear arsenals, oil and precious metals & rare earth minerals.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 11 Dec. 2023
Compiled Mon. 11 Dec. 12:01 am EST by Judy Byington
Judy Note: Their fiat Petrodollar was now dead and as their Global Banking System collapsed, it was expected that they would retaliate with Worldwide Terrorist Cyber Attacks.
An RV of currencies in 209 countries aided by the White Hat Global Alliance Military would very soon be victorious over this Deep State Cabal.
Petrodollar Endgame Moves Even Closer: The UAE just stopped transaction oil in U.S. dollars. BRICS now controls most of the world’s nuclear arsenals, oil and precious metals & rare earth minerals.
Global Currency Reset:
Sun. 10 Dec. Frank26: There is no more guessing. The World Bank has just told the whole world Iraq is about to raise the value of its currency. https://dinardetectives.com/frank26-1223/
Sun. 10 Dec. Wolverine: “I just received a call and Zurich has gone liquid. A lot of things are happening. … It started Fri. night 8 Dec. and it’s rolling out. A huge platform that has more than 1 MIL members will start on Mon. 11 Dec. and be paid by the end of this year. The big meeting in Dubai is finished now – everything is ready. Iraq is ready. They should be ready to celebrate. Then so should we. My Whale said it all looks good, everything is moving. By Mon. 11 Dec. they will be celebrating in Iraq and it is my opinion that so should we.”
Sat. 9 Dec. Banking source : Be alert for email notification late Sun. 10 Dec. into Mon. 11 Dec, with the earliest time to schedule appointments being Tues. 12 Dec. They are trying to get this completed before Christmas.
Fri. 8 Dec. TNT: After a meeting earlier today Fri. 8 Dec, contacts said it will happen by Mon. 11 Dec. Sun. 10 Dec. is Iraq’s Victory Day, so Tony thinks it might happen then.
Fri. 8 Dec. MarkZ: China’s gold backed Yuan is now the new reserve currency for OPEC and oil producing nations. This happened very quietly and the news is refusing to report this. They are doing their best to hide this fact. This is enormous. The petro dollar died this week. This is an enormous blow to the US hegemony. We are going to watch this play out quickly.
Fri. 8 Dec. Tomas: “It’s rolling. All Tiers started but Tier4.”
Fri. 8 Dec. Blue Ray: Whales are being paid!!! They are the tier right before us That’s why all the millionaires are being announced over the weekend on the US debt clock!
Wednesday December 6, 2023 Bob: The four test deliveries finished Tues. 5 Dec. night and Reno will begin Wed. Dec. 6 night. EU and Zurich tomorrow Thurs. 7 Dec. Reno payments start Thursday 7 Dec. and EU and Zurich payments start Monday the 11th. I pray they allow Billion Sow to start Thursday 7 Dec.
Wed. 6 Dec. Listener Sean K: Heard from a finance guy that on New Years Eve the ATMs will be loaded with the new currencies.
Global Financial Crisis:
Sat. 9 Dec. London Stock Exchange closed for second time. It was rumored that Germany’s economy was collapsing.
BRICS: $2 Billion Copper Trade To Be Paid In Chinese Yuan, Not US Dollar: https://watcher.guru/news/brics-2-billion-copper-trade-paid-chinese-yuan-not-us-dollar
Mexico to join BRICS in 2024.
Read full post here: https://dinarchronicles.com/2023/12/11/restored-republic-via-a-gcr-update-as-of-december-11-2023/
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 There's only one thing left on the CBI's and Sudani's part of the monetary reform...bring out the new exchange rate and the new national currency that belongs to the Iraqi citizens and to their future. That' the one thing that's left.
Mnt Goat Article: "PARLIAMENTARY INVESTMENT AND DEVELOPMENT: THE INDUSTRIAL INVESTMENT LAW WILL BE APPROVED DURING THIS SESSION" Quote: "...the Industrial Investment Law has completed its first and second readings, and is ready for a vote in the House of Representatives during the current session..." This Industrial Investment Law goes hand in hand with the revaluation of the dinar and rebuilding of the economy. You can see it all coming together and 2024 will be explosive...
BIGGEST COLLAPSE SINCE GREAT DEPRESSION: Money Supply Continues To Contract For 12th Month
Lena Petrova: 12-10-2023
Petrodollar Endgame Moves Even Closer
Petrodollar Endgame Moves Even Closer
by Tyler Durden Sunday, Dec 10, 2023 - 11:50 AM
Submitted by QTR's Fringe Finance
I'll be the first to admit that two of the main themes on this blog – the United States' sovereign debt crisis and the deterioration of the petrodollar – have been extraordinarily slow-moving theses.
In both cases, there have been developments that stand at odds with my contentions. For example, US stock indices continue to move higher, despite our economy grinding to a halt, and the BRIC nations have not developed and put forth their own reserve currency to combat the dollar, as I have suggested may happen.
Petrodollar Endgame Moves Even Closer
by Tyler Durden Sunday, Dec 10, 2023 - 11:50 AM
Submitted by QTR's Fringe Finance
I'll be the first to admit that two of the main themes on this blog – the United States' sovereign debt crisis and the deterioration of the petrodollar – have been extraordinarily slow-moving theses.
In both cases, there have been developments that stand at odds with my contentions. For example, US stock indices continue to move higher, despite our economy grinding to a halt, and the BRIC nations have not developed and put forth their own reserve currency to combat the dollar, as I have suggested may happen.
They also haven't backed any of their sovereign currencies with gold, as I have also suggested. While the timing hasn't proven me right as quickly as I would like, it doesn’t mean that things aren't ticking forward for both of these forthcoming realities.
And, in the case of the death of the petrodollar, there was a huge development in late November that was under-reported and unnoticed by the market.
The death of the petrodollar is one of the key waypoints in the US dollar losing reserve currency status, as I have written about at length in the past. And while the US dollar used to be the only currency that foreign nations would trade oil in, that has now come to a screeching halt.
Not only is Saudi Arabia trading oil in other currencies than the dollar (notably the Yuan), it now appears the UAE is also strategically shifting away from the US dollar in its oil transactions, marking a significant change in the global financial landscape.
This move, involving potential deals with up to 15 countries including China, Russia, and Egypt, is part of the de-dollarization trend I have predicted, led by the oil sector. Led by the BRICS alliance, the move is redefining global economics and challenging the US dollar's dominance in international trade.
When you take this into account alongside the fact that Russia is strengthening its ties with China and Saudi Arabia, it is tough to think anything but that we are still solidly on the path to global de-dollarization. Just yesterday it was reported that Russia was working closely with Saudi Arabia and OPEC — who has many member nations in the BRICS consortium — on oil cuts.
Shortly after Russian President Vladimir Putin's unexpected visit to Riyadh to meet with Saudi Crown Prince Mohammed bin Salman, a joint statement from Russia and Saudi Arabia was released. OPEC along with Russia and other allies, agreed to voluntary cuts totaling about 2.2 million barrels per day, predominantly led by Saudi Arabia and Russia maintaining their 1.3 million bpd cuts.
I asked my friend Andy Schectman of Miles Franklin Precious Metals for his exclusive take on the situation for my Fringe Finance readers. He’s one of the smartest people I know when it comes to understanding the dollar globally — and he’s all but predicted the exact scenario that’s taking place.
“The OPEC members decided in 1973/4 to price all oil sales in US dollars and invest any excess in US Treasury bonds in exchange for US military protection. This is how the petrodollar system got its start, and for the last 50 years, due to this arrangement has created a ‘synthetic’ demand for the dollar, and established the US dollar as the benchmark for oil trade globally,” he explained to me.
He continued: “The US Government has done more to destroy this country in the previous few years than any external enemy could have ever done. By using sanctions and other forms of coercion, we have turned the US currency and the SWIFT system into weapons that has forced out a large portion of the global population creating a global backlash that is accelerating.”
“Without a doubt, the deliberate emergence of new cooperating powers is causing a significant global power shift that the world is currently experiencing. The emergence of the BRICS in my mind is the most notable example. Six more strategically important nations were added to the group in August: Argentina, Saudi Arabia, Egypt, Ethiopia, United Arab Emirates, and Iran,” Andy said.
When I asked Andy why it’s important that people take the BRICS nations seriously, he told me: “With over 40 more countries showing interest in joining the BRICS group of countries and reports of many more expressing interest growing daily, it appears that this growing union is gaining legitimacy and serious traction.”
“Together with their new members, the BRICS countries currently control two of the three largest nuclear weapons arsenals on the planet, most of the world's strategic commodities, oil production capacity, enormously expanding reserves of precious metals, and, surprise, the majority of rare earth metals required for the production of batteries and other green and renewable energy applications.”
He also talked about the importance of Saudi Arabia’s role when asked about Putin’s recent trip to visit MBS: “In recent years, Saudi Arabia, the cornerstone of the dollar hegemony, has joined the exponentially expanding Belt Road Initiative alongside all the other OPEC members. The Saudi’s have also joined the BRICS, the Shanghai Cooperation Organization which is the largest regional financial and military organization in the world, and the BRICS New Development Bank.”
Read full article here: https://www.zerohedge.com/markets/petrodollar-endgame-moves-even-closer
More News, Rumors and Opinions Sunday PM 12-10-2023
TNT:
Tishwash: Official working hours in all government institutions will be suspended on December 18 and 19
Today, Sunday (December 10, 2023), the Prime Minister’s Media Office announced the suspension of official working hours in all government institutions on the 18th and 19th of this month.
A statement received by “Baghdad Today” stated that “Prime Minister Muhammad Shiaa Al-Sudani received today, Sunday, the Chairman of the Board of the Independent High Electoral Commission, Omar Ahmed Muhammad, accompanied by the Head of the Electoral Administration of the Commission, Abbas Al-Fatlawi, and was briefed on the Commission’s latest preparations for holding council elections.” Governorates scheduled for December 18th.
TNT:
Tishwash: Official working hours in all government institutions will be suspended on December 18 and 19
Today, Sunday (December 10, 2023), the Prime Minister’s Media Office announced the suspension of official working hours in all government institutions on the 18th and 19th of this month.
A statement received by “Baghdad Today” stated that “Prime Minister Muhammad Shiaa Al-Sudani received today, Sunday, the Chairman of the Board of the Independent High Electoral Commission, Omar Ahmed Muhammad, accompanied by the Head of the Electoral Administration of the Commission, Abbas Al-Fatlawi, and was briefed on the Commission’s latest preparations for holding council elections.” Governorates scheduled for December 18th.
The Prime Minister stressed, "The government is keen on the success of the electoral process, as it is a constitutional entitlement, and the importance of preparing all the requirements for success so that the results are the true expression of the will of the Iraqi people, ensuring that they are conducted fairly and transparently."
During the meeting, according to the statement, “December 12 was set as the date for handing over schools to the Commission’s cadres, in order to prepare the requirements for the electoral process, and to suspend official working hours in schools for a week, as well as suspending official working hours in all government institutions on December 18 and 19.” The current one, which will be approved by the Council of Ministers at its next session.”
The Ministry of Education announced earlier this evening that classes in all schools would be closed, starting Tuesday, 12/12/2023, for a period of one week only, with classes resuming on Wednesday, 12/20/2023, in implementation of the directives of the national government and in preparation for holding the elections. Local governorate councils and preparing electoral centers within educational institutions. link
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CandyKisses: A political agreement to choose the new speaker of the new Iraqi parliament next Tuesday
Baghdad December 10, 2023
Iraqi parliament failed to choose replacement for Al-Silbousi at the end of last month (Getty)
Political parties in the capital Baghdad revealed, on Sunday, reaching a preliminary political agreement on the entitlement of choosing a new president of the Iraqi parliament, next Tuesday, amid expectations of the difficulty of achieving a quorum for the session.
Since the decision of the Federal Court to terminate the membership of the Iraqi Parliament Speaker Mohammed Al-Halbousi, in the middle of last month, the Iraqi political forces have been experiencing differences and conflicts over the selection of a speaker of parliament, while the House of Representatives failed to choose the replacement of Al-Halbousi at the end of last month, which prompted him to postpone the choice until further notice.
The leader of the "coordination framework" Aad Al-Hilali told Al-Arabi Al-Jadeed that "a political agreement has been reached between the Iraqi political forces, provided that the election session of a new president of the Iraqi parliament will be next Tuesday, but without agreement on any specific candidate, the dispute over the candidate names is still ongoing between the political parties."
Al-Hilali indicated that "the coordination framework does not support any specific candidate to take over the presidency of parliament, and each party within the framework has a certain point of view on the nominated names, and it will be left to the deputies to choose the person they deem suitable for this task during the next stage."
He added that "the failure of parliament again to resolve the choice of the speaker of parliament during this week, means that the file will be resolved after the announcement of the results of the provincial council elections (conducted on December 18), and may also be after the formation of local governments, especially that blocs and parties will be busy with the negotiations to form governments."
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Courtesy of Dinar Guru https://www.dinarguru.com/
Militia Man Article: "Encouraging the local currency and dealing with it in light of the current economic conditions the country is experiencing is an important issue especially with the government's intention to strengthen the Iraqi dinar against other hard currencies especially the dollar..." They're educating them. All these things are fascinating. It's happening before our eyes.
Frank26 Question: "How long will we have to exchange IYO?" The American dollar 3-zero notes are still legal tender. They're from the turn of last century! We still have 3-zero notes...and they've never been expired. But in this case it's different. IMO I think they'll probably give you within a year. Therefore it could be a year, six months, 3 months...
MARKETS A LOOK AHEAD: JP Morgan WARNS On The Economy. BIG FED. MEETING. Important Updates!
Greg Mannarino: 12-10-2023
Credit Markets Can Deteriorate Overnight | Rick Rule
Liberty and Finance: 12-10-2023
Gold recently made all-time highs. Rick Rule joins us to discuss the positive fundamentals for precious metals and what appears to be set up for a multiyear bull market in precious metals.
He reminds investors that they should have a long view and not be swayed by daily market movements. He also discusses the need to maintain liquidity due to the high risk of a credit market crisis.
With liquidity, investors may be able to get incredible deals if the market crashes.
INTERVIEW TIMELINE:
0:00 Intro
1:39 Gold & silver update
15:07 Franco-Nevada
17:14 Empress Royalty
19:30 Argentina
22:58 Banking system
27:06 Battle Bank
31:12 US national debt
34:09 Preparedness
35:38 Bootcamps
Iraqi Dinar Today Video Updates Sunday Afternoon 12-10-23
Iraqi Dinar Today Video Updates Sunday Afternoon 12-10-23
New Rate Released International on Forex | IQD Rate increased
Exciting News - Revaluation Announcement: Iraqi Dinar News Today 2023-IQD Dinar CBI
Iraqi Dinar Today Video Updates Sunday Afternoon 12-10-23
New Rate Released International on Forex | IQD Rate increased
Exciting News - Revaluation Announcement: Iraqi Dinar News Today 2023-IQD Dinar CBI
New Rate Released International on Forex | IQD Rate increased
Exciting News - Revaluation Announcement: Iraqi Dinar News Today 2023-IQD Dinar CBI
Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-9-23
Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-9-23
Iraqi Dinar Rise Against USA Dollar
Vietnam Dong Against USA Dollar Rate Update Some Positive News
Currency Insider Iraqi Dinar - Dong Updates Late Saturday Evening 12-9-23
Iraqi Dinar Rise Against USA Dollar
Vietnam Dong Against USA Dollar Rate Update Some Positive News
Vietnam Dong Against USA Dollar Rate Update Some Positive News
Iraqi Dinar Rise Against USA Dollar
"Financial Markets Are A Living, Working Crime Scene" | Bill Holter
"Financial Markets Are A Living, Working Crime Scene" | Bill Holter
Liberty and Finance: 12-9-2023
OPEC nations have started to move away from the Dollar. Bill Holter says if OPEC stops trading in Dollars, the financial world as we know it blows up.
Also, the banking system is in a precarious situation.
The 2008 crisis never was fixed, but simply papered over, he says.
How long can the system stay afloat?
The system could completely shutdown at any time, he says.
"Financial Markets Are A Living, Working Crime Scene" | Bill Holter
Liberty and Finance: 12-9-2023
OPEC nations have started to move away from the Dollar. Bill Holter says if OPEC stops trading in Dollars, the financial world as we know it blows up.
Also, the banking system is in a precarious situation.
The 2008 crisis never was fixed, but simply papered over, he says.
How long can the system stay afloat?
The system could completely shutdown at any time, he says.
News, Rumors and Opinions Sunday Morning 12-10-2023
TNT:
Tishwash: What is the story of the disappearance of 35 trillion dinars? The Finance Committee requests an investigation into Representative Nouri
“We carefully monitor currency printing.”
On Saturday, the Parliamentary Finance Committee issued an angry statement criticizing the statements of one of its members about the disappearance of an amount of 35 trillion printed Iraqi dinars that do not exist inside Iraq, calling on the Presidency of Parliament to open an investigation and calling on the representative to prove his claim.
A statement by the Parliamentary Finance Committee:
We followed with great astonishment and disapproval the irresponsible statements made by Representative Muhammad Nouri during his hosting on a satellite channel to talk about monetary policy in the country and the procedures of the Central Bank of Iraq.
TNT:
Tishwash: What is the story of the disappearance of 35 trillion dinars? The Finance Committee requests an investigation into Representative Nouri
“We carefully monitor currency printing.”
On Saturday, the Parliamentary Finance Committee issued an angry statement criticizing the statements of one of its members about the disappearance of an amount of 35 trillion printed Iraqi dinars that do not exist inside Iraq, calling on the Presidency of Parliament to open an investigation and calling on the representative to prove his claim.
A statement by the Parliamentary Finance Committee:
We followed with great astonishment and disapproval the irresponsible statements made by Representative Muhammad Nouri during his hosting on a satellite channel to talk about monetary policy in the country and the procedures of the Central Bank of Iraq.
While we categorically deny the allegations made by Mr. Representative, as they lack credibility, accuracy, and objectivity, and indicate his lack of familiarity with the procedures and duties of the committee, we express our strong rejection of these allegations because they constitute a great abuse of the tasks and duties of the Parliamentary Finance Committee in particular and the legislative authority in general.
We also call on the Presidency of the House of Representatives to form an investigative committee to determine the validity and source of these dangerous statements, and to take deterrent legal measures against anyone who intentionally harms the reputation of the Iraqi state and its constitutional institutions.
We emphasize once again that everything that the Representative spoke about is untrue. Rather, he had to verify the information by communicating with his fellow Representatives who regularly attend meetings, before talking about sensitive files, despite the fact that he did not have any information about them due to his constant absence from committee meetings.
We reiterate that the monetary policy of the Central Bank, especially with regard to printing currency, is subject to monetary standards and foundations, and in line with the stability of the economic situation and the level of inflation, and that our Finance Committee has a clear work program for oversight of the executive authority, which will be completed at the beginning of the new legislative term, we hope. Representative Al-Nouri’s commitment to performing his legislative and oversight duties and tasks.
The aforementioned representative said in a televised interview:
More than 35 trillion printed Iraqi dinars do not exist inside Iraq, noting that there are only two neighboring countries that deal with Iraq in dinars, and more than 3 months ago, 4 trillion Iraqi dinars were entered from the (50) category,” pointing out that “Finance and Banking The Central Bank raised the issue of bonds to control the issue of the Iraqi dinar, but they only raised one trillion.”
He added, “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts and has no final accounts in banks, no electronic automation, and more than 73 private banks except Iraq,” noting that “the system The financial system must be independent in order to achieve economic balance within the country.”
He also added that “government banks are shackled by the Ministry of Finance and the Prime Minister,” indicating that “the Central Bank is a failure and does not aim for real management, and the control of some parties over its decisions affected the price of the dollar, and its biggest mistake was pricing the dollar in the budget at 132 thousand compared to 100 dollars because Iraq lost more than 9 trillion, and the difference between it and the market became high.”
While he pointed out that the one responsible for monetary policy in Iraq is “the American Federal Reserve, and it does not give money except with American approval, and whoever imagines that Iraq is in economic control is dreaming.”
He pointed out that “the loss of the Iraqi dinar caused a lot of damage and as a result many small projects and construction advances stopped,” stressing that “the Iraqi economy is completely linked to the United States and we were receiving 3 payments of the dollar now only one, and the US Federal Reserve’s sanctions caused an explosion in the exchange rate.” He deals with us according to the missiles that fall on the Ain al-Assad base and the embassy.” link
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Tishwash: Parliamentary Finance: We support measures to implement structural reforms to diversify economic activities
The Parliamentary Finance Committee announced today, Saturday, support for measures to implement structural reforms to diversify economic activities in line with the government program.
Committee member Muthanna Al-Samarrai said in a statement, a copy of which was received by {Al-Furat News}, that: “Based on our legislative and oversight mission in the Iraqi Council of Representatives, we confirm support for measures aimed at implementing structural reforms aimed at diversifying economic activities in line with the objectives of the government program that we voted on in the Council.” As an integral part of our vote on the government cabinet headed by Muhammad Shiaa Al-Sudani.”
He also stressed "the priorities, programs and projects adopted in the general general budget for the years 2023-2024-2025 and the government measures that the Finance Committee is following with the aim of implementing investment projects before approving the budget and completing the requirements for new and ongoing projects."
Al-Samarrai continued, “The committee hosted the general directors of government banks and discussed the role of these banks in the development process and economic sectors such as real estate, industrial, agricultural, and the private sector, in addition to holding a series of meetings with the Governor of the Central Bank to find sufficient and practical ways to provide hard currency for commercial purposes, and it is proceeding at a scientific and professional pace.” ".
He pointed to "continuous follow-up with the Ministry of Finance and customs and tax authorities in order to automate their work and collect revenues efficiently, and focus on the importance of the unified treasury account in collecting revenues and determining the actual balance of spending and managing it in order to achieve the principle of transparency."
Al-Samarrai reiterated his support for the measures taken by the government to achieve growth in the economy and work to improve the Iraqi economy and its repercussions on the development sectors, and efforts to develop investment in the oil and gas sectors, stressing that “the Finance Committee continues to exercise its supervisory and legislative duties in accordance with the technical and professional frameworks and that it will spare no effort.” In continuing its support for government programs leading to the implementation of sustainable development projects and goals.” link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 The CBI meetings are in Dubai right now...they are coming to a conclusion. Were the CBI meetings discussing, should we use this rate, should we do this, this this, that? No. What they were discussing is, 'Are we going to release it on this date at this rate and this is what we have to do and this, this, this and this.' Okay! Now these meetings IMO are coming to a conclusion. Yeah, they are working a few things but it's over and done with.
Mnt Goat ...the reinstatement is a multi-step process. First a new in-country rate of about 1:1, then the swap-out and then a move to FOREX. It is this move to FOREX we want and I cannot also emphasize this enough. There will NEVER be two rates...Once the reinstatement occurs the program rate stuff goes away....Then the CBI will also link to and reference the FOREX rate.
The Massive Banking Crisis We've Been Hearing About Just Started…
Atlantis Report: 12-9-2023
People are withdrawing money from smaller banks due to branch closures and digital banking trends. The recent closure of 64 bank branches in the United States in the last few days demonstrates the panic among them trying to retain deposits.
Provident National Bank has closed 203 branches this year and JP Morgan Chase is closing 18 which indicates a widespread trend. There is a possibility of a chain reaction of bank implosions while they are actively trying to hold on to as much cash as possible.
Banks are crucial for holding up the economy in the United States. The depositors have essentially become investors and if the bank faces trouble, people will have to face implications.
The Federal Deposit Insurance Corporation is a safety net but the process of retrieving insured money is difficult.
Moreover, China's shadow banking sector is facing investigations about its involvement in troubled investments and its property sector is undergoing ripple effects. Issues in China's property market raise concerns about insolvencies and contagion risk in the global financial network.
The global economy, particularly regarding dollar denominated bonds, is impacted by China's property market troubles.
The Federal Reserve is taking emergency actions to support struggling banks. Goldman Sachs and JP Morgan Chase have a significant percentage of deposits uninsured by the Federal Deposit Insurance Corporation which is raising concerns about losses in the event of a downturn.
This lack of insurance coverage will pose additional risks especially in the context of a liquidity crisis. The US needs to address the deficit to avoid a snowballing crisis.