Economist's "News and Views" Sunday 12-17-2023
**ALERT** U.S. Congressman GOLD STANDARD: How it Could Affect Your Silver & Gold Price
Ron’s Basement: 12-17-2023
Join us in this insightful video as we explore Rep Alex Mooney's stance on gold and its implications. Delve into Mooney's perspectives on economic policies, monetary systems, and the role of gold as a financial asset.
Gain a comprehensive understanding of how his views on gold align with broader political and economic landscapes.
Whether you're an investor, a policy enthusiast, or simply curious about the intersection of politics and precious metals, this video provides a nuanced exploration of Rep Alex Mooney's insights on gold.
Don't miss out on this thought-provoking discussion that sheds light on the potential impacts on markets and financial decisions.
**ALERT** U.S. Congressman GOLD STANDARD: How it Could Affect Your Silver & Gold Price
Ron’s Basement: 12-17-2023
Join us in this insightful video as we explore Rep Alex Mooney's stance on gold and its implications. Delve into Mooney's perspectives on economic policies, monetary systems, and the role of gold as a financial asset.
Gain a comprehensive understanding of how his views on gold align with broader political and economic landscapes.
Whether you're an investor, a policy enthusiast, or simply curious about the intersection of politics and precious metals, this video provides a nuanced exploration of Rep Alex Mooney's insights on gold.
Don't miss out on this thought-provoking discussion that sheds light on the potential impacts on markets and financial decisions.
SILVER ALERT! 2023 Saw India & China Join the "Silver Squeeze" to Destroy Price Riggers!
(Bix Weir) 12-16-2023
You can't make this up! 3 Years in and the 2021 "Silver Squeeze" CONTINUES by taking delivery of all the Physical Silver on the planet!
2023 will be known as the LAST year of Silver Price Manipulation after 170 Years! Got Silver?!
What Surging Stock Prices Will Do To Gold | Chris Vermeulen
Liberty and Finance: 12-16-2023
The S&P 500 is close to all-time highs. The market action is likely to suck people in. Be cautious, says Chris Vermeulen, because we could see a massive amount of selling just as the mainstream jumps in. He also updates us on gold, silver, and the DYX charts.
INTERVIEW TIMELINE:
0:00 Intro
1:20 Gold update
6:24 Melt up?
8:30 Silver update
14:02 Gold's downside potential
15:20 DYX
The US Dollar Is Imploding, We Aren’t Coming Back From This
The US Dollar Is Imploding, We Aren’t Coming Back From This
Atlantis Report: 12-17-2023
The United States has found itself grappling with a phenomenon that, on the surface, may seem paradoxical – an overwhelming abundance of money circulating within its economy.
As the nation finds itself immersed in an era of fiscal policies, unprecedented government spending, and a series of economic stimuli, it is becoming apparent that the value of the dollar is drastically crashing.
The roots of this monetary conundrum can be traced back to a combination of factors, including expansive fiscal measures aimed at mitigating the impact of global crises.
The injection of massive stimulus packages into the economy, coupled with historically low-interest rates, has given rise to an environment where the money supply has swollen to levels that were once thought unimaginable.
The US Dollar Is Imploding, We Aren’t Coming Back From This
Atlantis Report: 12-17-2023
The United States has found itself grappling with a phenomenon that, on the surface, may seem paradoxical – an overwhelming abundance of money circulating within its economy.
As the nation finds itself immersed in an era of fiscal policies, unprecedented government spending, and a series of economic stimuli, it is becoming apparent that the value of the dollar is drastically crashing.
The roots of this monetary conundrum can be traced back to a combination of factors, including expansive fiscal measures aimed at mitigating the impact of global crises.
The injection of massive stimulus packages into the economy, coupled with historically low-interest rates, has given rise to an environment where the money supply has swollen to levels that were once thought unimaginable.
While such measures were initially implemented as emergency responses to economic downturns, the prolonged persistence of accommodative policies has given rise to unintended consequences.
Critics argue that the flood of liquidity into the economy has fueled asset bubbles, contributing to soaring valuations in financial markets, real estate, and various investment vehicles.
This distortion in asset prices has created a sense of financial fragility, with concerns mounting that the market's dependence on constant monetary support may lead to a precarious situation.
This year, the U.S. government allocated 659 billion dollars to service its debt interest, as a Treasury report revealed. The nation's expanding fiscal imbalance and the Federal Reserve's deliberate rate hikes have significantly elevated the federal borrowing costs.
As the central bank aims to curb inflation by raising interest rates, the U.S. government's borrowing expenses have surged. The United States is confronting a multifaceted economic crisis, where the devaluation of the U.S. dollar is just one facet of a broader and more ominous predicament.
Iraqi Dinar Today Video Updates Sunday Afternoon 12-17-23
Iraqi Dinar Today Video Updates Sunday Afternoon 12-17-23
Rate Set For twentieth December Today 2023
Finally CBi Big Update on Dinar Revaluation Confirmation
December 17th/20th Timetable Revaluation Of IQD 2023
Iraqi Dinar Today Video Updates Sunday Afternoon 12-17-23
Rate Set For twentieth December Today 2023
Finally CBi Big Update on Dinar Revaluation Confirmation
December 17th/20th Timetable Revaluation Of IQD 2023
Rate Set For twentieth December Today 2023 2:43
Finally CBi Big Update on Dinar Revaluation Confirmation 2:59
December 17th/20th Timetable Revaluation Of IQD 2023 4:09
Currency Insider Iraqi Dinar - Dong Updates Sunday Afternoon 12-17-23
Currency Insider Iraqi Dinar - Dong Updates Sunday Afternoon 12-17-23
Final Announcement For Iraqi Dinar Investors
Vietnam Dong Latest Rate Update
Currency Insider Iraqi Dinar - Dong Updates Sunday Afternoon 12-17-23
Final Announcement For Iraqi Dinar Investors
Vietnam Dong Latest Rate Update
Final Announcement For Iraqi Dinar Investors 3:09
Vietnam Dong Latest Rate Update .50
"Tidbits From TNT" Sunday 12-17-2023
TNT:
Tishwash: Advisor to the Prime Minister: Iraq today has the highest levels of foreign reserves in its financial history
Advisor to the Prime Minister, Mazhar Saleh, confirmed that Iraq today has the highest levels of foreign reserves in its financial history.
Saleh defended the banking restrictions aimed at “verifying these transfers,” with the aim of reassuring “the international financial community and also for reasons related to Iraqi society: Do these transfers actually go to finance Iraq’s trade?”
He added, “What is happening has nothing to do with the strength of the Iraqi economy. Iraq today is at the highest levels of foreign reserves in its financial history.” Rather, “structural changes have occurred in issues of dealing with foreign currency.” link
TNT:
Tishwash: Advisor to the Prime Minister: Iraq today has the highest levels of foreign reserves in its financial history
Advisor to the Prime Minister, Mazhar Saleh, confirmed that Iraq today has the highest levels of foreign reserves in its financial history.
Saleh defended the banking restrictions aimed at “verifying these transfers,” with the aim of reassuring “the international financial community and also for reasons related to Iraqi society: Do these transfers actually go to finance Iraq’s trade?”
He added, “What is happening has nothing to do with the strength of the Iraqi economy. Iraq today is at the highest levels of foreign reserves in its financial history.” Rather, “structural changes have occurred in issues of dealing with foreign currency.” link
Tishwash: The government is spending 133 trillion dinars from the current year’s budget and revealing the status of employees’ salaries for the new year
Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a press interview that “delaying the budget releases does not affect employees’ salaries,” indicating that “salaries have been fully secured.”
Al-Karaawi added, “About 130 trillion Iraqi dinars were spent out of the total budget amounting to 199 trillion dinars.”
A member of the Parliamentary Finance Committee pointed out that “delayed projects are among the government’s obligations, and will be proceeded with after disbursing all investment budget allocations.”
For his part, economic affairs specialist Safwan Qusay said in a press interview, “The cessation of oil exports in the Kurdistan region affected Iraqi revenues, but the rise in oil prices in recent months made up for the shortfall.”
Qusay added, “The monthly spending rate is approximately seven trillion dinars, while the budget was built on the basis of 15 trillion dinars, meaning there is an excess in spending.”
The economic affairs specialist pointed out that “the money spent is 80% of the operating budget, and the financial abundance is rotated, given that the budget is for three years.”
Earlier, the Parliamentary Finance Committee confirmed that entering the new year 2024 will not stop the disbursement of funds from the tripartite budget, given that it was approved for three years, while indicating that the committee is awaiting schedules from the government related to spending for the new year.
The head of the committee, Atwan Al-Atwani, said in a statement to the official agency, last week, that " The committee approved a tripartite government budget, and there is no interruption to spending and disbursement, given that the approved budget is for (3) years to ensure the continuation of spending, contracting, and the continuity of the government’s work throughout its years without faltering, as happened in the past, which led to the budget being delayed for more than 6 months.
He added, “With regard to the 2024 budget, the committee is communicating with the government while awaiting its schedules, and it is possible to complete the issue as soon as possible with the aim of sending it to the House of Representatives to vote on it.” link
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Tishwash: The most prominent of which is Japan... a list of countries and banks that have a share of Iraq’s foreign debt
Iraq's total external debt reached $22.6 billion by the end of 2022, according to World Bank data.
According to the data, Japan came as Iraq's largest creditor with a share of 27%, while the share of the International Bank for Reconstruction and Development reached 18% of the total debt, while the share of the United States of America reached 7% of this external debt. link
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CandyKisses: A fruitful week in the footsteps of financial and banking reform
Economy News-
The last week ending on 14/12/2023 witnessed clear activity and efforts by the government and the Central Bank to implement the visions, plans drawn and the roadmap contained in the methodology of financial and banking reform in paragraph 7 and other relevant paragraphs of axis 12 of the government curriculum and the new strategy that the Central Bank is working on for banking reform and foreign trade financing and reconsidering lending policies in accordance with building a national lending strategy that adopts new mechanisms for bank financing and the Riyada initiative to develop the capabilities of young people and allow them to choose
Their small and medium enterprises are pioneering in all areas of development and technology.
In addition to confirming the plans for digital transformation in the financial and banking sector and moving to the community of criticism and focusing clearly on electronic payment applications in all fields and in fruitful cooperation and high coordination with government stakeholders and with the continuous support of the Prime Minister, so it was achieved during the past week and in light of the negotiating visits to organize foreign trade financing conducted by delegations from the Central Bank, the government and banks to Turkey and to the United Arab Emirates and meetings with the US Federal Reserve Bank and the Treasury The United States, the Central Bank of Turkey and the concerned authorities in Turkey include the following:
First: Starting to open accounts for our banks in Turkish lira and euros, with the strengthening of the Central Bank of Iraq in accordance with special arrangements and understandings.
Second: Starting to strengthen the balances of our banks in UAE dirhams and agreeing with First Abu Dhabi Bank on all arrangements clearly.
Third: Finding and strengthening the relations of our banks with foreign correspondent banks, achieving the compliance of the Iraqi banking system with international banking standards, and enhancing the advance balance in our bank accounts, and this will lead to a gradual reduction of dependence on the electronic platform in 2024.
Fourth: Meeting the Central Bank's requests for foreign exchange shipments for the year 2024.
Fifth: Emphasis on the electronic link between the Central Bank, customs, tax, and automation of the customs system and the tax system.
To complement the procedures of the Central Bank to employ the strategy of financial inclusion and electronic payment, the decision of its Board of Directors was issued to establish the National Company for Electronic Payment Systems in Iraq.
Which will regulate, develop and manage the national electronic payment systems with high efficiency, and that the role of the Central Bank will be regulatory and supervisory on these systems, and the implementation and development of the legal and operational framework will be initiated with the participation of all relevant authorities in accordance with the Central Bank Law.
This confirms that the Central Bank and the government are working in coordination and continuous efforts to achieve financial and banking reform, which is the beginning of the successful economic reform.
The central goal is to stabilize the exchange rate and not to accept the existence of another price for trading on the black market higher than the official rate, and to eliminate speculation in the black dollar and damage the national economy
Mot: .... sooo Gals! - What Say You!!!???
Mot: word to the Wise
News, Rumors and Opinions Sunday AM 12-17-2023
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
KTFA:
Clare: Will agreements with international banks contribute to solving the monetary problem in Iraq?
12/25/2023
Follow-ups|..
Economic researcher, Ziad Al-Hashemi, confirmed on Friday that the agreements with the banks of the Emirati First Gulf, Turkish Labor, Singaporean Development and others will not end the monetary problem in Iraq.
Al-Hashemi said in a post on the “X” platform followed by “Newspaper”, that “it is expected that these agreements will provide multiple cash alternatives that will help the merchant.” Iraqis can transfer their trade funds quickly and flexibly and reduce dependence on the dollar in foreign transactions.”
He explained, “These agreements will also help reduce the demand for the parallel dollar by attracting the segment of merchants who previously turned to the parallel dollar in search of quick transfers away from the platform, its complications, and delayed approvals.”
He added, “However, the demand for the cash dollar will remain high, and the official dollar will continue to be withdrawn and converted into a parallel dollar by powerful parties that own huge amounts of dinars, and have no relation to regular or official commercial work, and will continue to put pressure on the Iraqi economy to obtain the dollar in all ways and means.”
He continued, “This fact was confirmed by the exchange rates during this period, which maintained their high levels and did not decline despite these agreements and despite hundreds of millions of (imported dollars). This is what makes the exchange rates ready to rise at any moment and with any new event.”
He stated, “Despite the Federal Reserve’s tightenings and the Central Bank’s attempts, it is expected that the problem of the cash dollar, the parallel dollar, and the imbalance in exchange rates will continue with us during the coming year, and we are waiting for more stringent, serious, and courageous solutions to end this problem from its roots.” LINK
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RMF: Kuwait news of interest: Kuwait's Emir Sheikh Nawaf al-Ahmad al-Sabah died today at age 86.
Crown Prince Sheikh Meshal al-Ahmad al-Sabah was named as Sheikh Nawaf's successor. He had been the country's de facto ruler since 2021, when the frail emir handed over most of his duties.
(They pick them young the successor is only 83)
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Courtesy of Dinar Guru https://www.dinarguru.com/
Walkingstick As the days go by and we walk toward the 1st of this year IMO so far the monetary reform is keeping its word on their intent of adding value and introducing a new monetary system called the lower denominations.
Pimpy Definitely looks like reform is well on its way with the banking system. Let's hope this continues. It looks like there's a lot of agreements that the US will hold their word and make sure that Iraq gets the money that they need for 2024...They definitely need to get Article 140 out of the way. That's a big hesitation between Kurdistan and Iraq. That's also a big part of their tension between the two. Iraq is looking good. Still moving forward. That's what we want to see especially since the stuff they're working on is going to help them do business internationally.
Greatest Financial Crisis And Housing Market Crash In History (2024 -) With Mike Maloney
Sachs Reality: 12-17-2023
Steep declines in asset prices (especially home values) may result in 2024 should Americans default on their debt. Mike Maloney believes, we're in the greatest financial crisis in history.
Iraqi Dinar Today Video Updates Saturday Evening 12-16-23
Iraqi Dinar Today Video Updates Saturday Evening 12-16-23
Iraqi Government Intend To Drift Money Uncovered
Iraqi Dinar Revaluation News
Iraqi Dinar Today Video Updates Saturday Evening 12-16-23
Iraqi Government Intend To Drift Money Uncovered
Iraqi Dinar Revaluation News
Iraqi Government Intend To Drift Money Uncovered 4:29
Iraqi Dinar Revaluation News 1:27
More News, Rumors and Opinions Saturday Night 12-16-2023
KTFA:
Clare: Association of Banks: The battle with dollar speculators has reached its final round
12/15/2023
The Iraqi Private Banks Association said today, Friday, that the battle with dollar speculators has reached its final round, and while it praised the Central Bank’s measures to regulate the movement of funds to achieve financial and bank reform, it confirmed that it will contribute to reclassifying banks, increasing their capital and raising the level of services provided. For citizens.
The economic and banking advisor to the association, Samir Al-Nusairi, told the Iraqi News Agency (INA): “The Central Bank’s measures and efforts that have been made since the beginning of 2023, with the support of the government, have yielded results and have begun to give results according to what was planned.” The so-called parallel (black) dollar has begun to die, and the speculators who deal with it have been besieged to harm the national economy, and currently the battle is with them in the final round.”
KTFA:
Clare: Association of Banks: The battle with dollar speculators has reached its final round
12/15/2023
The Iraqi Private Banks Association said today, Friday, that the battle with dollar speculators has reached its final round, and while it praised the Central Bank’s measures to regulate the movement of funds to achieve financial and bank reform, it confirmed that it will contribute to reclassifying banks, increasing their capital and raising the level of services provided. For citizens.
The economic and banking advisor to the association, Samir Al-Nusairi, told the Iraqi News Agency (INA): “The Central Bank’s measures and efforts that have been made since the beginning of 2023, with the support of the government, have yielded results and have begun to give results according to what was planned.” The so-called parallel (black) dollar has begun to die, and the speculators who deal with it have been besieged to harm the national economy, and currently the battle is with them in the final round.”
He added, “This is what was stated in detailed procedures and administrative, technical, and negotiating steps.” With the US Federal Bank and the US Department of the Treasury and the understandings related to regulating the financing of foreign trade by approving the opening of accounts for Iraqi banks in American, Chinese, Emirati and Turkish correspondent banks to deal directly with them for external transfers in the currencies of these countries, which include the dollar, euro, Chinese yuan, Indian rupee, Emirati dirham and Turkish lira.
And leaving the electronic platform in The year is 2024 and the supply of dollars and foreign currencies into Iraq from Iraqi bank accounts at correspondent banks or abroad. Reaching agreements to open 40 accounts for Iraqi banks in correspondent banks for foreign trade,” noting that “the Central Bank’s new strategy to reform the banking sector will adopt the reclassification of banks and increase their capital to the ceiling set by the Central Bank in accordance with the specified time frames until the end of 2024
Which will lead to... Raising the capabilities of our banks to provide the best banking products and services to customers, which will reflect positively on the movement of the economy, investment, development and the transition to comprehensive digital transformation.” He added, “Since the beginning of the year 2023, financial policies have been reconsidered according to a new vision for banking reform that complies with the requirements of the global financial system
And a new strategy has begun to be implemented with mechanisms based on studying and diagnosing the causes of the imbalance and determining the road map and the executive steps and procedures that will be implemented.” It has been and will be implemented at the level of the departments of the Central Bank, banks, bodies supporting banking work, and government agencies related to comprehensive economic reform, as the Central Bank has previously issued new instructions for external transfers for the year 2023 and three procedural packages to facilitate and control the circulation of foreign currency in the monetary and commercial market.
Al-Nusairi added, “In August of this year, the Central Bank issued its important statement in which it defined its new strategy for organizing the financing of foreign trade according to new foundations that move Iraq to the stage of regularity in the global financial system, and in which it explained the executive procedures to control the stability of the exchange rate.”
Among its most prominent items: adopting the electronic platform exclusively for foreign transfer transactions, controlling illicit trade through official and unofficial border crossings.
Stopping trading and transactions in dollars on the black market, preventing all websites and media television channels from publishing exchange rates on the black market due to their violation of the law, and importers proving that all Their imports were made through the platform and at the official price, and the Customs Authority and the General Tax Authority implemented proposals and procedures for small merchants to enter the platform in accordance with the rules, and this is consistent with the government’s initiative to launch the national project to control prohibited imports.
He continued, “And we In the last days of 2023, the Central Bank’s strategy for banking reform in all its axes became clear for the coming year 2024 and subsequent years, and it is an embodiment of what it specified in the road map that it clarified in cooperation with the government in accordance with what was stated in the government’s curriculum in Axis 12 (Financial and banking reform) and paragraph 7 thereof and special By developing and enabling banks to contribute to development and investment.”
He explained, “Here we can summarize the Central Bank’s plan, which it is currently working to implement accurately, as follows:-
First - Providing a stable financial system lies in accompanying financial electronic systems.
Secondly - Commitment to consolidating the rules of compliance, risk management, transparency and safety of financial operations.
Thirdly - The transition from the cash economy to the digital economy and what is called the fourth revolution and the accompanying measures that have achieved a shift. Quality of dealings between the government and the central bank.
Fourth - Implementing the financial and banking reform plan that is characterized by international standards keeping pace with global developments in the field of the financial digital economy.
Fifth - Working to strengthen international relations, including establishing a network Relations with foreign correspondent banks.
Sixth - Establishing Riyada Bank in line with the Prime Minister’s initiative and redirecting work on initiatives to finance small and medium enterprises in accordance with specific standards.
Seventh - Preparation Launching a strategy for financial inclusion and putting it into effect in coordination with relevant authorities.
Eighth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development. LINK
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 [California Golden Valley Bank Story] Bank Story Lady: (family friend) had an appointment yesterday. Whenever the banker found out how many dinar that we are holding in our group which is about half a billion he said that was too much, they weren't going to be able to handle that much...Then this morning he got a call from his bank Golden Valley and they said look we had a meeting about you and your group last night. FRANK: They had a meeting about his issue with the dinar? BANK STORY LADY: Yes, because it was so much. They invited him back...we're waiting for that update. [Post 1 of 2....stay tuned]
Frank26 [California Golden Valley Bank Story Continued] FRANK: The updates came...Turns out this bank has told this group of people...we can't handle that much volume at our banks, therefore we are sending you to an exchange center and they will give you 4.5% to put it in the bank. They said Morgan Stanley are the people we are going to introduce you to for a management company to help you when you come in towards the end of the year. [Post 2 of 2]
Brother has reached the final round …parallel market has been defeated
Nader: 12-16-2023
Fed Will ‘Pivot Big’ In 2024’s Economic ‘Tornado’ | Steve Hanke
David Lin: 12-16-2023
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, perfectly called inflation on the way up and down. Now, he predicts that a recession will hit next year, forcing the Fed to "press the panic button."
0:00 – Intro
3:33 - Inflation
10:00 - Quantitative tightening
13:40 - Recession
15:50 - Deflation by 2025
20:20 - Rating the Fed's performance
23:34 - Rate cuts into a 'Tornado'
27:00 - Recession indicators
31:55 - Argentina and dollarization
"Tidbits From TNT" Saturday 12-16-2023
TNT:
CandyKisses: Member of the parliamentary investment: an economic forum in Iraq attended by giant foreign companies
{Economic: Al-Furat News} A member of the Parliamentary Investment Committee, Asaad Al-Bazouni, stressed the country's need for investment projects in economic development, agricultural and industrial fields, and health.
Al-Bazouni told Al-Furat News that "Basra is a good incubator for investment, especially foreign investment, as large foreign companies intend to invest in the province, and all this requires security stability to attract investors."
He pointed out that "the adoption of the Ministry of Industry for the Forum of Investment Partnerships in the presence of investors and giant foreign companies is a good step with the presence of the security, investment and environmental incubator."
TNT:
CandyKisses: Member of the parliamentary investment: an economic forum in Iraq attended by giant foreign companies
{Economic: Al-Furat News} A member of the Parliamentary Investment Committee, Asaad Al-Bazouni, stressed the country's need for investment projects in economic development, agricultural and industrial fields, and health.
Al-Bazouni told Al-Furat News that "Basra is a good incubator for investment, especially foreign investment, as large foreign companies intend to invest in the province, and all this requires security stability to attract investors."
He pointed out that "the adoption of the Ministry of Industry for the Forum of Investment Partnerships in the presence of investors and giant foreign companies is a good step with the presence of the security, investment and environmental incubator."
CandyKisses: Two people arrested for manipulating exchange rates through shell companies
Baghdad Today - Baghdad
Today, Friday (December 15, 2023), the General Directorate of Intelligence and Security announced the arrest of two defendants for manipulating exchange rates through shell companies.
A statement by the directorate, received by "Baghdad Today", said that "through careful field follow-up of speculators in exchange rate rates contrary to official instructions and after obtaining judicial approvals, the detachments of the Directorate of Intelligence and Security of Baghdad affiliated to the General Directorate of Intelligence and Security at the Ministry of Defense were able to adjust one of the fictitious companies in the Arsat area in Baghdad, which carries out internal and external remittance operations contrary to the instructions of the Central Bank of Iraq, which negatively affects the national economy and creates a crisis and currency price conflict."
He added, "Two defendants were arrested and were caught in possession of a sum of money amounting to one million US dollars, where the necessary measures were taken against them and referred to the competent authorities."
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CandyKisses: The Association of Banks announces the imminent death of the parallel dollar market
Baghdad - Iraq Today:
The Association of Iraqi Private Banks said that the battle with dollar speculators has reached its last round, and the so-called parallel dollar (black) began to die, and while praising the procedures of the Central Bank to regulate the movement of funds in order to achieve financial reform and the bank, it stressed that it will contribute to reclassifying banks, increasing their capital and raising the level of services provided to citizens.
Samir Al-Nasiri, economic and banking advisor to the Association, said in a press statement: "The Central Bank's procedures and efforts made since the beginning of 2023 and with the support of the government have borne fruit and began to give their results as planned, and the so-called parallel dollar (black) began to die and the speculators who deal with it were besieged to harm the national economy and currently the battle with them in the last round."
He added, "This is what was explained in detailed procedures and administrative, technical and negotiating steps with the US Federal Bank and the US Department of the Treasury, and the understandings on regulating foreign trade financing by approving the opening of accounts for Iraqi banks in US, Chinese, Emirati and Turkish correspondent banks to deal directly with them for foreign transfers in the currencies of these countries, which include the dollar, the euro, the Chinese yuan, the Indian rupee, the UAE dirham and the Turkish lira, leaving the electronic platform in 2024 and supplying dollars and currencies foreign banks into Iraq from Iraqi bank accounts with correspondent banks or abroad."
"Reaching agreements to open 40 accounts for Iraqi banks in correspondent banks for foreign trade," al-Nasiri said, noting that "the central bank's new strategy to reform the banking sector will adopt reclassifying banks and increasing their capital to the ceiling set by the central bank according to the specified timelines until the end of 2024, which will raise the capabilities of our banks to provide the best banking products and services to customers, which will reflect positively on the movement of the economy, investment, development and the transition to comprehensive digital transformation."
He added that "since the beginning of 2023, financial policies have been reviewed in accordance with a new vision for banking reform that complies with the requirements of the global financial system, and a new strategy has begun to be implemented with mechanisms based on studying and diagnosing the causes of imbalances and determining the roadmap, steps and executive procedures that have been and will be applied at the level of the Central Bank departments, banks, banking support bodies and government agencies related to comprehensive economic reform, as the Central Bank has previously issued new instructions for external transfers for the year 2023. And three procedural packages to facilitate and control the movement of circulation of foreign currency in the monetary and commercial market."
Al-Nasiri added that "the Central Bank issued in August of this year its important statement, in which it outlined its new strategy to organize foreign trade financing according to new foundations that move Iraq to the stage of regularity in the global financial system, in which it clarified the executive measures to control the stability of the exchange rate, and the most prominent of what is stated in it:
Adopting the electronic platform exclusively for foreign remittance transactions, controlling illegal trade through official and informal border crossings, and stopping trading and dollar transactions on the black market. Preventing all websites and media television channels from publishing exchange rates on the black market for violating the law, importers proving that all their imports were made through the platform at the official price, and the Customs Authority and the General Tax Authority implementing proposals and treatments for the entry of small traders to the platform duly, and this is in line with the government's initiative to launch the national project to control prohibited imports.
He continued, "As we are in the last days of 2023, the Central Bank's strategy for banking reform in all its axes has become clear features for the coming year 2024 and subsequent years, and it is an embodiment of what it set out in the roadmap that he explained in the roadmap that he explained in theWe are with the government in accordance with the provisions of the government curriculum in axis 12 (financial and banking reform) and paragraph 7 thereof, which is related to the development and empowerment of banks to contribute to development and investment."
He explained that "we can summarize here the plan of the Central Bank, which is currently working to implement it accurately and as follows: First:
Providing a stable financial system that lies in accompanying financial electronic systems.
Second: Commitment to establishing the rules of compliance, risk management, transparency and integrity of financial operations.
Third: The transition from the monetary economy to the digital economy and the so-called fourth revolution and the accompanying measures that have achieved a qualitative leap in dealing between the government and the Central Bank.
Fourth: Implementing the financial and banking reform plan that is characterized by international standards that keep pace with global developments in the field of financial digital economy.
Fifth: Work to strengthen international relations, including the establishment of a network of relations with foreign correspondent banks.
Establishing Riyada Bank in line with the Prime Minister's initiative and redirecting work on initiatives to finance small and medium enterprises according to specific criteria.
Preparing and launching a strategy for financial inclusion and putting it into implementation in coordination with the relevant authorities.
Launching the national lending strategy based on the financial capabilities of banks in attracting deposits and investing them in providing the best banking products to customers and contributing to development.
Mot: It’s a process….
Mot: Wrapping Paper
News,, Rumors and Opinions Saturday 12-16-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 16 Dec. 2023
Compiled Sat. 16 Dec. 12:01 am EST by Judy Byington
130 Countries No Longer Accept US Treasury Bonds
The Fiat US Petro Dollar Has Been Dropped as a Basis for International Trade
Broke US Inc. & The Federal Reserve Plan To Release Trillions In Digital Non-Asset Backed Currencies With No Value!
Global Currency Reset to Gold/Asset-Backed Digital & Hard Currency Was Imminent!
It’s only wise to have at least a month’s supply of food, water, cash and essential items on hand for your family and to share with others.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 16 Dec. 2023
Compiled Sat. 16 Dec. 12:01 am EST by Judy Byington
130 Countries No Longer Accept US Treasury Bonds
The Fiat US Petro Dollar Has Been Dropped as a Basis for International Trade
Broke US Inc. & The Federal Reserve Plan To Release Trillions In Digital Non-Asset Backed Currencies With No Value!
Global Currency Reset to Gold/Asset-Backed Digital & Hard Currency Was Imminent!
It’s only wise to have at least a month’s supply of food, water, cash and essential items on hand for your family and to share with others.
Judy Note: What We Think We Know as of Sat. 15 Dec. 2023:
On Mon. 1 Jan. 2024 the new Quantum Financial System (QFS) and Global Currency Reset will officially (allegedly) launch for BRICS participating nation’s gold/asset-backed currencies on the Star Link Satellite System.
On that same Mon. 1 Jan. 2024 the BRICS Gold/Asset-backed XRP Digital Currency would officially (allegedly) be considered the Global Standard for international trade, with all participating nations’ currencies trading at a 1:1 with each other.
Bank Accounts of The People of all participating BRICS Nations have been (allegedly) mirrored onto the QFS. The People will gain access to their accounts by going to an official Redemption Center to obtain cards, phones and computers that work on this fully secure system that will only allow the owner of the account to have access.
The Iraqi Dinar, Kingpin of the Global Currency Reset, (allegedly) revalued in-country some time ago; has been trading on the back screens of the Forex for weeks and exchanging the new Iraqi Dinar rate at a 1:1 with several countries currencies in their exports and imports.
On Wed. 6 Dec. 2023 the fiat US Petro Dollar was (allegedly) officially removed from the trade of OPEC Oil. Over 130 countries including OPEC members no longer would use the fiat US Dollar for oil and gas purchases, challenging the long standing dominance of the US Dollar as the basis for international trade.
Since then US Treasury Secretary Janet Yellen announced that, “US Treasury Bonds are not being accepted by anyone and $26 Trillion in US Treasury Bonds were about to be dropped.” The US Dollar value began to tank. https://english.news.cn/20231215/06b256de75c14649a0f4479235664f11/c.html
Fri. 15 Dec: Iraq has completed all of their banking competencies required of the CBI in Iraq to meet International Banking Standards. And tomorrow Sat. 16 Dec, they are expected to finish their banking reforms with their managers per a recent article. At this time, they will have two weeks to do logistics training with their employees to prepare them for working with International Exchange going forward and only using the Iraqi Dinar locally. Iraq has signed a number of agreements around the world to begin trading beyond their borders, and they have exchanged currencies with several countries to enable them to move forward with exports and imports. The article below is a confirmation regarding a completion of a year-long set of economic reforms. It celebrates the work that they have done to achieve International standing in the banking system. …Goldilocks
Fri. 15 Dec. Goldilocks: How Are International Exchange Rates Set? https://www.investopedia.com/ask/answers/forex/how-forex-exchange-rates-set.asp#:~:text=Factors%20that%20affect%20foreign%20exchange,and%20the%20balance%20of%20trade.
Read full post here: https://dinarchronicles.com/2023/12/16/restored-republic-via-a-gcr-update-as-of-december-16-2023/
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Pay Attention” – RV/GCR Update(s) from MikeCristo8 12-15-23
Pay attention to what’s about to play out here. The G7 Central Banks Are now frenemies.
They will stab each other in the back to save their own credit spreads, now that the dollar is not anchored to oil.
It’s going to get ugly!
Pay attention to capital flows, ALL the G7 currencies are now on same parity. The Fed is attempting to harvest other G7 Central Banks to save themselves.
Why did Lagarde say she may raise rates? Because the dollar is no longer anchored to oil. For the G7, it’s cutthroat to save their own credit spreads.
https://dinarchronicles.com/2023/12/15/pay-attention-rv-gcr-updates-from-mikecristo8-12-15-23/
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 The monetary reform is not a secret and the Venturi effect of the monetary reform is causing so much pressure with so little time left to accomplish what they need to accomplish. What do they need to accomplish? They need to help their citizens of Iraq, to add value to their currency...
Frank26 Question: "Are we at the point in this journey where the rate could be changed at any time?" Yes.
Goldilocks Iraq has completed all of their banking competencies required by the CBI in Iraq to meet International Banking Standards. And tomorrow, they are expected to finish their banking reforms with their managers per a recent article.
The Great Monetary Pivot: Don’t Let The Fed Control How Much You Win in 2024 - E.B. Tucker
Daniella Cambone: 12-15-2023
"The gameplay is to control the growth rate," explains E.B. Tucker, bestselling author of "Why Gold, Why Now?"
in our recent interview with Daniela Cambone. Tucker delves into how the actions of the Federal Reserve are averting a deflationary scenario for 2024. "If you don’t manage it up, things deflate. If things deflate, the whole system breaks.
That’s not going to happen," Tucker emphasizes. He also underscores the importance of maintaining objectivity in investing.
"You have to be able to change your mind when the facts change" to avoid falling into bear traps, Tucker advises. Additionally, he notes that private credit companies are increasingly taking on the role of traditional banks in lending money.
As we approach the New Year, Tucker urges people to take action promptly instead of waiting around. "If you want to change your life, do it today," he concludes.
Weekend News with MarkZ 12-16-2023
Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Mod: We spend the first 45 minutes with CBD Gurus …then Mark with the latest news. ,
Member: Good Morning Mark and everyone! Welcome to the weekend.
Member: I am finally getting excited staying grounded but excited
MZ: That’s where I am at.
Member: I really feel that by Jan 1 we will all be happy.
Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Mod: We spend the first 45 minutes with CBD Gurus …then Mark with the latest news. ,
Member: Good Morning Mark and everyone! Welcome to the weekend.
Member: I am finally getting excited staying grounded but excited
MZ: That’s where I am at.
Member: I really feel that by Jan 1 we will all be happy.
MZ: From Iraq: “ Statement of the Iraq Economic Contact Group of the G&, European Union and World Bank” They had some phenomenal meetings over the week about the tremendous progress that they have made in Iraq. . This is coming from our own US embassy and consulate in Iraq. They talk about the budget and how it is “life changing” to Iraqis…..
MZ: Even more important is what is going on in the streets of Iraq in the last day. Sudani is explaining to the citizens that they need to pay attention to “valuations” . Excpecially in shopping and in stores. This is because they are strengthening the dinar.
MZ: They have been very upfront over the last couple of days that we are very close to the finish line for the Iraqi people. This is about all they can say without giving away to much. It is very exciting what we are hearing in Iraq.
MZ: The leaders are telling the people that they are about to have an imminent change coming to their valuations and to pay attention when they shop..
MZ: Most people believe they are setting us up for the next few days. I believe they may be accurate. Stay calm. I am sure the dinar boards will be exploding over the weekend with this news. It is coming from many different angles and directions.
Member: Militia Man - Fantastic pod cast ….He has a entire team . lraq leader receives praises G 7 for really bringing in experts to help handle the RV –
Member: Militia Man spoke to watch the 20th for news..
Member: Charlie Ward says his “feeling” is the banks will finish collapsing this weekend!
MZ: Warren Buffet dropped 33 billion in stocks….Bezos is dropping huge amounts…..Something massive is about to occur.
Member: Bank story: it's long bank story but I asked the right questions. I called 3 banks…the 3rd bank was a main bank…I asked if I should set up my account day of the big foreign exchange which we call the rv or wait until after…he said I could set it up the day of or I could come back and set it up….I told him the I know we have to do a quick in and out with our exchange so I wanted to make sure we could have enough time the day of if we needed to do it later……he said that it would be fine to come back after to set up…..so then I asked him if he thought we could exchange by end of next week…. he said yes he thought we could do it then.
Member: Woohoo and thanks for sharing.
Member: Please pray for Okie. He has fallen 6 times in the last 5 days
MZ: Yes….At seeds of wisdom they are trying to raise enough for another stem cell treatment. It helped him so much over a year ago when he had the last one.
Member: Prayers for okie that he gets the medical treatmenst he needs and makes it past the finish line with us all.
Member: Praying the med beds are real and released very soon.
“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
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 WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!