More News, Rumors and Opinions Saturday Evening 3-9-2024
KTFA:
Clare: Integrity announces the recovery of $1.5 million, one billion dinars, and gold coins
3/9/2024
Today, Saturday, the head of the Federal Integrity Commission, Haider Hanoun, announced the recovery of more than 1.5 million dollars and about one billion Iraqi dinars and gold coins, while revealing a draft agreement to coordinate work with the Integrity Commission in the Kurdistan region.
Hanoun said, in a statement followed by Al-Iqtisad News, that “the authority recovered some amounts in cash, some of them were prevented from being wasted, and others are in the process of being recovered,” pointing out that “some amounts are in Iraqi currency, and others are in dollars.”
He added, "During our annual conference tomorrow, Sunday, we will display a recovered amount of more than one and a half million US dollars, as well as amounts in Iraqi currency of up to one billion dinars, and other amounts, in addition to gold coins."
KTFA:
Clare: Integrity announces the recovery of $1.5 million, one billion dinars, and gold coins
3/9/2024
Today, Saturday, the head of the Federal Integrity Commission, Haider Hanoun, announced the recovery of more than 1.5 million dollars and about one billion Iraqi dinars and gold coins, while revealing a draft agreement to coordinate work with the Integrity Commission in the Kurdistan region.
Hanoun said, in a statement followed by Al-Iqtisad News, that “the authority recovered some amounts in cash, some of them were prevented from being wasted, and others are in the process of being recovered,” pointing out that “some amounts are in Iraqi currency, and others are in dollars.”
He added, "During our annual conference tomorrow, Sunday, we will display a recovered amount of more than one and a half million US dollars, as well as amounts in Iraqi currency of up to one billion dinars, and other amounts, in addition to gold coins."
He pointed out that "the Integrity Commission coordinates work with the Kurdistan Region Integrity Commission, and there is a draft agreement to coordinate joint work, and Integrity as a federal body supervises all governorates," stressing that "the financial disclosure of officials includes all Iraqi officials and employees."
Hanoun called on the Integrity Commission in the Kurdistan Region to “assist with arrest warrants and financial disclosures for officials, so that the Federal Authority can audit them like all officials,” stressing that “everyone is subject to the law.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO They've already deleted the three zeros from the exchange rate. IMO that exchange rate came from the RV phase of the monetary reform that was accepted in Washington DC and all these other banks. That's why Sudani has thousands and thousands of contracts all waiting for the new exchange rate.
Militia Man Hypothetically the United States has lets say 5 to 10 trillion dinar. We have a nation debt of $30+ trillion. If the US is sitting on 5 to 10 trillion dinar, if they [Iraq] come back to a previous era which they say they are going to do...they talk about about $3.22...If they apply the Real Effective Exchange Rate to the Iraqi dinar based off their natural resources, not based off a punishment rate from the war era, not just based off of oil. Iraq's $3.22 was based off primarily oil. Now it's a different situation... [This would dramatically help the US with their debt] Iraq has a lot of gold...oil...religious tourism...
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TNT:
Tishwash: Parliamentarian: The government must use pressure cards to remove the American forces
Today, Saturday, Member of Parliament Jassem Al-Moussawi called on the government to use all pressure cards on the United States of America regarding the issue of removing foreign forces from the country, while stressing that Iraq is going through a difficult stage that requires the solidarity of all parties.
Al-Moussawi said in an interview with the Maalouma Agency, “The popular power that Iraq possesses must support the government in making bold decisions to completely remove Washington’s forces from the country,” noting that “achieving full sovereignty from America will not be an easy matter.”
He continued, "Despite Washington's boasting about its joint relations with Iraq, it is still practicing arrogance in all files," pointing out that "America's aggressions will continue until its combat forces are removed from all military bases."
He added, "Washington is looking for its interests before committing to laws or treaties concluded on paper only," adding that "the government is required to use all pressure cards on the United States of America regarding the issue of removing foreign forces from the country."
Member of the House of Representatives, Muhammad Al-Sayhud, had confirmed, in an interview with the Al-Ma’louma Agency, “the fate of the joint committees that were formed to remove the American combat forces from Iraq,” while he stressed that the government had reached advanced results in removing foreign forces from the country. link
BANK FAILURES Will Start Soon, Admits Fed Chair Powell to U.S. Congress
Lena Petrova: 3-9-2024
Monetary Reset: Frank Giustra Warns Of U.S. Dollar ‘Crisis’
David Lin: 3-9-2024
Frank Giustra, CEO of the Fiore Group, explains how the U.S. dollar is being challenged by rivals, and what the global monetary reset means for investors and consumers.
0:00 – Intro
1:40 - U.S. dollar
9:13 - BRICS new payment system
12:23 - Petrodollar
17:41 - China's rise
22:42 - Gold, Bitcoin's rally
Nesara Excerpt from the Restored Republic:
Nesara Excerpt from the Restored Republic:
The NESARA Law was based on a positive ruling by the US Supreme Court on a case brought by the Farmers Union where it was determined that banks were illegally taking away farmer’s land.
In the many years of this Farmers Union case traveling through the court system, it was determined that the privately owned by Rothschild banker’s Federal Reserve and IRS had been illegally stealing monies from the American people since their inception the early 1900s.
The NESARA Law returned that money to The People. President Bill Clinton was in power at the time of the Supreme Court Ruling, but (allegedly) had no interest in signing NESARA into law.
Nesara Excerpt from the Restored Republic:
The NESARA Law was based on a positive ruling by the US Supreme Court on a case brought by the Farmers Union where it was determined that banks were illegally taking away farmer’s land.
In the many years of this Farmers Union case traveling through the court system, it was determined that the privately owned by Rothschild banker’s Federal Reserve and IRS had been illegally stealing monies from the American people since their inception the early 1900s.
The NESARA Law returned that money to The People. President Bill Clinton was in power at the time of the Supreme Court Ruling, but (allegedly) had no interest in signing NESARA into law.
NESARA implements the following changes:
1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare: a “jubilee” or a forgiveness of debt.
2. Abolishes Federal Income Tax.
3. Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.
4. Creates a14% flat rate non-essential ‘new items only’ sales tax revenue for the government. In other words, food and medicine will not be taxed, nor will used items such as old homes. This 14% will be shared with State governments.
5. Increases benefits to senior citizens.
6. Returns Constitutional Law to all courts and legal matters.
7. Reinstates the original Title of Nobility amendment. Hundreds of thousands of Americans under the control of foreign powers will lose their citizenship, be deported to other countries, and barred from reentry for the remainder of their life. And millions of people will soon discover their college degrees are now worthless paper (Judy Note: The US Education Department has been ruled by the Vatican which put out a false narrative to fit their Deep State Agenda. It was my understanding that NESARA will offer free and truthful education to the public).
8. Establishes new Presidential and Congressional elections within 120 days after NESARA’s announcement. The interim government will cancel all “National Emergencies” and return us back to Constitutional Law.
9. Monitors elections and prevents illegal election activities of special interest groups.
10. Creates a new U.S. Treasury, ‘rainbow currency,’ backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.
11. Forbids the sale of American birth certificate records as chattel property bonds by the US Department of Transportation.
12. Initiates new U.S. Treasury Bank System in alignment with Constitutional Law.
13. Eliminates the Federal Reserve System. During the transition period the Federal Reserve will be allowed to operate side by side of the U.S. Treasury for one year in order to remove all Federal Reserve notes from the money supply.
14. Restores financial privacy.
15. Retrains all judges and attorneys in Constitutional Law.
16. Ceases all aggressive, U.S. government military actions worldwide.
17. Establishes peace throughout the world.
18. Releases enormous sums of money for humanitarian purposes.
19. Enables the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security, including free energy devices, antigravity, and sonic healing machines.
Read full post : https://dinarchronicles.com/2024/03/09/restored-republic-via-a-gcr-update-as-of-march-9-2024/
Zig’s Place Chatroom News Friday Evening 3-8-24
Zig’s Place Chatroom News Friday Evening 3-8-24
butterfly Seck would know what the rate was, I believe it was 2.85 when they had the downfall of Saddam. Ask yourself, why would they not go back to that same rate, not 3+. It just does not make sense. IF they do go back to the rate, I truly believe it will be even lower then the 2.85.
Seck By the way the Iraqi dinar real rate was around a $1.80 before saddum then the rate was around 2.80 then after the first gulf war saddum hiked it up to $3:22
Seck butterfly lol
Sah Seck I knew it was not that high.
butterfly Seck there ya go giving the information I forgot years ago.
butterfly I remember it was a David you talked with.
Seck But the whole time of these rates was while a dictator was in power.
Seck butterfly yes David Braggs
Sah There had to be an original rate further back that the IMF claimed. Can't just state a rate for your country without going thru the steps makes an illegal rate. Has to be approved by the IMF, BIS, World Bank and UN first before approved. Otherwise it is an illegal rate. Can not be used Internationally.
Zig’s Place Chatroom News Friday Evening 3-8-24
butterfly Seck would know what the rate was, I believe it was 2.85 when they had the downfall of Saddam. Ask yourself, why would they not go back to that same rate, not 3+. It just does not make sense. IF they do go back to the rate, I truly believe it will be even lower then the 2.85.
Seck By the way the Iraqi dinar real rate was around a $1.80 before saddum then the rate was around 2.80 then after the first gulf war saddum hiked it up to $3:22
Seck butterfly lol
Sah Seck I knew it was not that high.
butterfly Seck there ya go giving the information I forgot years ago.
butterfly I remember it was a David you talked with.
Seck But the whole time of these rates was while a dictator was in power.
Seck butterfly yes David Braggs
Sah There had to be an original rate further back that the IMF claimed. Can't just state a rate for your country without going thru the steps makes an illegal rate. Has to be approved by the IMF, BIS, World Bank and UN first before approved. Otherwise it is an illegal rate. Can not be used Internationally.
Seck The Iraqi dinar was put into circulation in 1932 and replaced the Indian rupee, which was the national currency since the British occupation in World War I. The Iraqi dinar remained tied to the British pound until 1959, after which it was pegged to the United States dollar at a rate of 1 IQD = 2.80 USD, without a change in value.
Iraqi dinar did not follow the devaluation of the US currency in 1971 and 1973 and increased to 3.38 USD before the value of the IQD reduced to 3.22 USD due to a 5% devaluation. The rate continued until the Gulf War, though the black-market rate was about six times higher in late 1989.
Sah I heard during that time that the Dinar had really devalued.
Seck Sah that is not totally correct. Any Central Bank of a country can dictate what their currency rate of exchange can be.
Sah Seck But they can not use that rate outside of country unless approved by the IMF. The will never be international.
butterfly Seck I am over looking for that post you made talking to David Braggs. I remember he told you that all CBI makes the value of their currency.
Sah In country only. Not international they have to go thru the hoops.
butterfly I found this one Seck seck Tue May 02, 2023 4:38 pm
The governor of the Central Bank, Ali al-Alaq, said that floating the dinar is difficult to apply in Iraq because the government monopolizes the dollar, indicating that the reserves of Iraq is $48bn. Al-Alak said in an interview with Al-Arabi African newspaper that “the oil countries usually rely on a fixed exchange rate, or fixed with flexibility, and do not resort to the float method, unless their reserves are controlled to a level that is insufficient, which did not happen either in Iraq or countries.
Seck ok heard on occasions
butterfly seck Tue May 02, 2023 4:49 pm
The Iraqi dinar refers to Iraq’s national currency and is represented by ISO code IQD. Iraq’s Central Bank issues the Iraqi dinar, which earlier consisted of 1000 fils. However, fils are no longer used because inflation has rendered them obsolete, and now dinars have become the smallest currency unit in use.
Seck butterfly Thanks for finding that.
butterfly I have a long one to bring over, so if folks would hold off, it will be good information to read.
Butterfly Revaluation of Iraqi Dinar is the Center of Latest Iraq News
By Idrees Khan -February 29, 2016
Revaluation of Iraqi Dinar is the Center of Latest Iraq News Index
The infrastructure of Iraq is badly affected by the invasion of US armed forces in 2003. Everything was destroyed because of surgical attacks made by US Army and its alliance. Since then the country is the center of sad news. We hear bad news of killing and bomb blast on almost every day. Moreover the ISISI has become one of the worst terrorist organizations operating in Iraq against the government. Iraq is facing heavy losses because of these attacks on the government machinery and they are therefore the center of latest Iraq news.
Current Economic Conditions
Along with all those critical situations in the country the economic condition of Iraq is improving with the every passing day. Some massive investments have been seen for the last 6 years in the country.
The Iraq is now free from international sanctions imposed by United Nation. After free from chapter 7 sanctions 7, Iraq has authority to do any kind of business with the any other country.
Oil is the backbone of Iraq economy. Now the country is free to sign any contract with the any other country to search or export their crude oil anywhere in the world. Large number of oil exploring companies is operating in the country in the different areas to find the new oil fields.
Special Authorities to Governor to Sign any Contract
There was a time when making investment in Iraq was more than a tough job. You had to fulfill too many requirements and legal formalities to open a new business in the country. But now the situation is completely different. The government of Iraq has given special authorities to the governor of the province to sign any oil and other business contracts without prior permission of the government.
All of these soft conditions are to ensure the foreign investment in the country. These special authorities have attracted many of the international investors to the country to make heavy investments in different sectors of the country.
The cottage industry of Iraq is also improving with the heavy investments in the domestic industry of Iraq. This is one of the biggest point and addition in the latest Iraq news that cottage industry of the country is also improving very fast.
Revaluation of Iraqi Dinar
Butterfly People have made heavy investments in the Iraqi dinar with the expectations that it will be revalued in the near future and they will be billionaire. The investors in Iraqi dinar include not only common people but the retired army officers of Iraq war. They believe that Iraqi dinar will be revalued in the next few years and they will earn more than anyone else in the world.
The best example of Iraqi dinar revaluation is the Kuwaiti Dinar revaluation that occurred in 1990 and people who invested in the Kuwaiti dinar became billionaire over night. Many of the international banks are also interested in Iraqi dinar purchase and they are the big investors of Iraqi dinar as well. The Noor Al Maliki administration was major hurdle in the revaluation of Iraqi dinar because of dispute with Kurdistan.
Kurdistan has major role in the revaluation of Iraqi dinar and its resolution to pass. The supreme leader of Iraq has taken action against Noor Al Maliki and the government was dissolved. Now new administration is now in the power and they are taking initial steps to complete revaluation process.
This can be very big and latest Iraq news. People are waiting for the completion of this procedure for revaluation of Iraqi dinar in next few months. The dinar gurus believe that revaluation of Iraqi dinar will surely occur at the end of 2016. We must have to wait if we have some dinar to be billionaire in the next few months.
butterfly Notice the date of that post
Seck 2016
butterfly seck Mon Feb 29, 2016 12:57 pm
butterfly Sat Dec 12, 2015 9:34 pm
In light of the suffocating financial crisis plaguing the Iraqi economy following the sharp decline in oil prices, experts and concerned parties are discussing the most appropriate option to fix the exchange rate.
Summary In light of the decreasing oil prices that led to an economic crisis in Iraq, the Iraqi government has been discussing options to reduce the dinar-dollar exchange rate.
Author Zakaa Mokhles al-Khalidi Posted December 11, 2015
TranslatorCynthia Milan Original Article اقرا المقال الأصلي باللغة العربية
The Iraqi Parliament had discussed the possibility of reducing the dinar-dollar exchange rate by 10% to reach 1,300 dinars per dollar to supply the general budget with 5 trillion dinars ($4.2 billion), or by 20% to reach 1,400 dinars per dollar to supply it with 9 trillion dinars (about $8 billion).
There is no doubt that a reduction of the dinar exchange rate would provide additional resources for the general budget. It will increase the quantity of Iraqi dinars obtained by the Ministry of Finance in return for converting into the dinar its oil revenues or foreign loans it received through the Central Bank of Iraq in dollars.
However, this method increases government resources at the expense of citizens. The losing parties are ordinary citizens, especially those with limited incomes. The purchasing power of their income will drop, especially with the rise in prices of imported goods. The creditors in local currency will also be affected, including those holding Iraqi treasury bonds.
butterfly Moreover, Iraq’s almost total reliance on oil revenues, its poor resources such as goods and services other than oil, the existence of financial investments abroad and large foreign reserves and the high cost of external borrowing all indicate a lack of available options to address the current shortage of government foreign-exchange resources.
This means that the only solutions are cutting spending, trying to increase some types of direct taxes and fees and issuing treasury bonds in the local market.
The Iraqi dinar’s exchange rate was equal to $3.3 before the outbreak of the Iran-Iraq War. Then $1 became equivalent to 3,000 dinars during the economic blockade from 1990 to 2003. Anyone who has followed the dinar will realize that the problem lies in the difference between the dollar’s supply and demand and the dinar’s supply and demand.
It is a simple equation that controls not only the currency prices, but also the prices of all kinds of goods and services. So, for the state to control one side of the equation, it has to control the other side to ensure that the exchange rate will be stable.
When Iraq’s oil resources were limited before OPEC first raised prices in 1973, the country relied on the currency law, a remnant of the gold standard. This law necessitated that 70% of exported currency be backed with gold and foreign currencies to control the dinar supply through government spending.
After the Iran-Iraq War, the currency law was abolished, disturbing the balance between the supply and demand of foreign currency with increased military and civilian government spending.
Seck butterfly yes 5 years from when I invested
butterfly The government allowed the private sector to directly import goods from producers and sell them at prices that were not subject to its control. Thus, there were two exchange rates: an official rate that maintained the $3.3 price and was used for official expenses, and a parallel rate determined by the supply and demand of foreign currency.
The difference between the two rates widened in the wake of the economic embargo on Iraq in 1990. As a result, the parallel exchange rate rose to 3,000 dinars at points.
After the occupation and after the export of Iraqi oil was allowed again and deposits were unfrozen, Iraq was expected to undergo monetary reform, whereby surplus banknotes would be withdrawn from circulation.
However, it used the daily currency auction, in which specific amounts of dollars are sold to the banks and the private sector to meet the domestic demand for foreign currency, especially for the purposes of importation. The steady increase in oil revenues led to a gradual improvement in the exchange rate until it reached 1,220 dinars to the dollar.
Many politicians and analysts believe that the daily currency auction is a way to smuggle the dollar through private banks under the pretext of importation, and their criticism has increased in light of the current financial crisis.
butterfly The question asked by those concerned in Iraq is: Does the daily currency auction have to continue despite the claims made about it? Or should we abandon it and turn to other means so that the process of buying and selling the dollar is free, without restrictions, as some suggest?
Choosing the appropriate exchange rate for any state is a critical scientific process that depends on the state’s economic and financial situation as well as its economic ideology.
The states that choose a free floating exchange rate for its currency and make its buying and selling a free process without restrictions are usually powerful, developed economies that have important and multiple foreign currency sources and currencies of importance in international trade and investment flows, as well as large reserves of international currencies.
To preserve the exchange rate, a country that pegged its currencies to a foreign currency such as the dollar or to a currency basket has two options. The first is to have large foreign currency and gold reserves to support the pegged exchange rate when necessary, as the GCC countries do.
The second is to maintain the exchange rate through the management of the monetary authority, which influences the factors determining the demand for foreign currency. This is what Iraq was doing prior to the first oil boom.
Presently in Iraq, the government does not have an official Iraqi dinar to dollar exchange rate, or a currency basket. The $3.3 exchange rate is no longer used for any currency, although it has not been officially canceled.
butterfly Accordingly, in light of the limited foreign currency resources and difficulty to go beyond oil resources, it is imperative that the state manages the current exchange rate through the development of a foreign exchange budget by the Central Bank, which will determine the allocation of imported goods, services and transfers without charges.
This way, it is possible to maintain the current exchange rate's stability and to limit expenditures in foreign currency to the available resources until the circumstances are favorable for monetary reform and the adoption of an appropriate official exchange rate.
Butterfly Now tell me things have changed.
butterfly Tue Dec 15, 2015 9:45 pm
The term “free,” however, is a misnomer when referring to the Iraqi Central Bank. This is because the new Central Bank of Iraq, now known as the Trade Bank of Iraq, was completely restructured and privatized as early as 2003. Slightly more obvious than the privatization of the Afghanistan banks, it was openly announced that none other than J.P. Morgan was chosen by the Coalition Provisional Authority to “set up” the new bank.
butterfly Here is more from that short blurp: In the energy area [crude] – J.P. Morgan was ‘granted’ the rights to, effectively, set up the Central Bank of Iraq in Dec. 2003:
J.P. Morgan Chase was chosen by the Coalition Provisional Authority [CPA] to ‘set up’ the NEW Central Bank of Iraq [specifically, the Trade Bank of Iraq ]. Take note how this TRADE BANK only became operational in December of 2003:
• Trade Finance. The Trade Bank of Iraq (TBI) was established in July 2003 to facilitate trade of goods and services to and from Iraq by providing irrevocable letters of credit. The TBI officially became fully operational in December 2003 and has a services contract with a multi-international banking consortium led by JP Morgan Chase.
Since opening in December , the Trade Bank of Iraq has issued or has pending 183 letters of credit, totaling $708.9 million in imports from thirty-one countries. Letters of credit have been issued on behalf of Iraqi Ministries as well as several state-owned enterprises.
In that capacity, Morgan was charged with developing the framework of collateralizing movable and immovable property for the nation of Iraq.
The fact is that one of the largest derivatives facilitators in the world is one the principal architects of the Trade Bank of Iraq, plus it is also well-known that J.P. Morgan has a direct connection[3] to the Rothschild banking dynasty;[4] a trend that is to be seen in virtually every central and major bank in existence across the planet.
Sparky ... what are the odds IQD will roll to 5 cents in the next five years ? ... anybody ...
Seck Sparky we need to ask Kap on that one
Sparky ... Kap mentined two to three ... imu ...
Seck Seck if that was to happen I woul be a billionaire
Sah Sparky When the dinar goes down to 1146 then ask that question where it is going and when they are going to be international.
Seck Sah I bought when it was 1170
Seck i think Butter was the same
butterfly Interest rates are going to come down, so perhaps @Sah will sell that snow covered house.
Sparky ... I bought at 1170 ... then Shabs' rrevald to 1166, thought I was sitting pretty ...
Sparky ... 2011 ...
Sparky ... and, I hope that I still have a Warka digital bank account ..
Seck butterfly maybe to a Eskimo
Sah I bought in 2008. I would have to go look at receipts to see what I bought at.
Seck Sah do you dust the off once in awhile?
Sah It opens your eyes to the world more after you invest if you do the research.
Sah Seck It is sealed air tight, no dust. LOL
Sparky Sah ... true, it opened my eyes to the world ...
Sparky ... greed and corruption ... and where to go where it is less so ...
Sah Sparky It was a really good history and economics lesson.
Seck Sah I would say I was blind going it and still blind on if and when it could happen.
Sah Sparky I am planning on smaller town next to a bigger one not too far away with an ocean close by and antique shops everywhere and a low crime rate.
Seck Sah Key West
Sah Seck Paso Robles, CA. Google it, wine country.
Sparky ... Philippines ... WW2 version ...... my Dad's dog tags tell me so , go ...
Seck Sah one million dollars in Key West can last 20 years
Iraqi Dinar Today Video Updates Friday Evening 3-8-24
Iraqi Dinar Today Video Updates Friday Evening 3-8-24
Chase Bank Announce New Rate International Exchange Market – 2:41
IMF Green Light On For Dinar Revaluation – 3:22
Something Big Happening For Dinar & Dong Investor's – 3:06
Iraqi Dinar Today Video Updates Friday Evening 3-8-24
Chase Bank Announce New Rate International Exchange Market – 2:41
IMF Green Light On For Dinar Revaluation – 3:22
Something Big Happening For Dinar & Dong Investor's – 3:06
Chase Bank Announce New Rate International Exchange Market – 2:41
IMF Green Light On For Dinar Revaluation – 3:22
Something Big Happening For Dinar & Dong Investor's – 3:06
News, Rumors and Opinions Saturday AM 3-9-2024
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. 9 March 2024
Compiled Sat. 9 March 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 8 March Banker:: Banks have been placed on alert beginning Mon. 11 March, so he feels we are close. We might get notified but exchanging would start a few days after that.
On Mon. 11 March banks will no longer be legally able to loan the fiat US Dollar as per announcement of the Federal Reserve Board. In other words, banks will begin to close on Mon. 11 March and the only way they can save the economy is to activate the Global Currency Reset – which evidently they did on Thurs. 7 March during the fake Biden’s State of the Union Address.
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. 9 March 2024
Compiled Sat. 9 March 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Fri. 8 March Banker:: Banks have been placed on alert beginning Mon. 11 March, so he feels we are close. We might get notified but exchanging would start a few days after that.
On Mon. 11 March banks will no longer be legally able to loan the fiat US Dollar as per announcement of the Federal Reserve Board. In other words, banks will begin to close on Mon. 11 March and the only way they can save the economy is to activate the Global Currency Reset – which evidently they did on Thurs. 7 March during the fake Biden’s State of the Union Address.
Fri. 8 March HS Quan on Telegram: There is a guy named PJ who got on Simply Linn’s show today to talk about his exciting experience with Chase. He asked, “Is the private back screen rate for IQD around $3?” The banker smiled and said, “They’re waiting for the trigger in the near future, and then mentioned the term ‘QFS.’”
Thurs. 7 March A high up Source said we would get notification sometime over the weekend.
Thurs. 7 March Bruce: This morning a source from Iraq said that Iraq would get the RV out to us over the weekend. Another source said that one hour after the start of the State of the Union speech Thurs. evening everything would be released: Bond Holders, Admirals Group and Tier 4 funds would be released. Notifications could come at any time.
Global Financial Crisis:
Fri. 8 March: US senators were racing against the clock Friday to vote on a package of funding bills for key federal agencies to avert a partial government shutdown ahead of a midnight deadline. The $460 billion package — already passed by the House of Representatives — is expected to get broad support, but lawmakers were yet to lock in a timeline for holding a vote, amid Republican infighting over spending cuts. Five months into the fiscal year, Congress has yet to approve the 12 annual bills that make up the federal budget, with the lights due to go out across several departments and agencies this weekend. https://insiderpaper.com/india-raids-network-sending-citizens-to-fight-for-russia/ https://insiderpaper.com/us-senators-race-to-avert-partial-shutdown-at-midnight/
Fri. 8 March Switzerland: After taking over Credit Swiss UBS to close 85 bank branches in Switzerland.
Killing It Softly: US Dollar. https://www.morningstar.com/news/marketwatch/20240308247/dollar-skid-vs-yen-continues-as-report-says-boj-hike-may-come-this-month
Fri. 8 March Bank of America user saw $40k wiped off his account just like that but no password was used. https://www.the-sun.com/news/10602823/bank-of-america-losing-money-scam-phone-call/
Fri. 8 March Goldman Sachs exits Japan transaction banking, Bloomberg reports CAN: https://www.channelnewsasia.com/business/goldman-sachs-exits-japan-transaction-banking-bloomberg-reports-4180996
Hong Kong Market drops 1.27%, Capital Market News Business Standard: https://www.business-standard.com/markets/capital-market-news/hong-kong-market-drops-1-27-124030700703_1.html
Fri. 8 March Goldilocks: Starting today, China no longer trades the Yuan with the Dollar. Hong Kong launches their wholesale CBDC project to support digital tokenization and tokenized deposits. And, Hong Kong is advancing a privacy digital currency with Project Aurum 2.0. https://digitalpoundfoundation.com/hong-kong-advances-privacy-in-digital-currency-with-project-aurum-2-0/
Read full post here: https://dinarchronicles.com/2024/03/09/restored-republic-via-a-gcr-update-as-of-march-9-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: "INCLUDING IRAQ… 5 ARAB COUNTRIES POSSESS MORE THAN A THOUSAND TONS OF GOLD RESERVES" Quote: "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves..." Yet the IQD is still 1/6 of a penny?
Frank26 [Indiana Chase Bank Story] A nice guy sat down with us asked us questions about opening accounts...In the process of that being done...He asked me a simple question how much are you planning on putting in here? I told him it was going to be a sizable amount. He said, give me a figure. I said 7 figures at least... He looks at me and says, dinar? ...I said absolutely. He said he had a meeting yesterday...It wasn't long after that a nice looking young man...shook my hand and said Hi, my name is so and so and I'm with JP Morgan. FRANK: Oh my word, you're the 5th one that's told me this. It seems like they're bringing in JP Morgan representatives inside of Chase Banks. That what I'm noticing. BANK STORY MAN: This guy from JP Morgan he says...we've been waiting for this a long time haven't we... FRANK: This is exciting what's going on...
As Gold Price Soars, This Shift Could Destroy U.S. Dollar and Create New Currency
Daniela Cambone: 3-8-2024
Join Daniela Cambone at PDAC as she sits down with Jeff Clark, the founder of Paydirt Prospector, for a pivotal discussion on the future of gold, silver, and mining stocks amidst soaring debt levels. Jeff predicts a potential shift that could undermine the U.S. dollar and hints at the emergence of a new currency, offering five compelling reasons to keep a bullish outlook on gold.
Tune in for this insightful conversation as Jeff gears up for what may be an exceptionally profitable journey, with his only concern being the timing may be sooner than anticipated.
CHAPTERS:
0:00 Gold rally
1:52 Market reaction to the Fed
3:08 Bitcoin
4:05 5 reasons to be bullish on gold
5:53 Gold/silver investment
6:32 U.S. dollar
7:13 U.S. debt
8:45 PDAC energy
Weekend News With MarkZ 3-9-2024
PDK Note: Regarding no notes for a couple days…..I will only transcribe RV Related or Intel with Financial relevance. If it’s a stream mainly about politics…I will not do notes.
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
CBD Gurus are in the first 45 minutes then Mark comes on with RV news.
Member: Welcome to the weekend…..hopefully our last weekend without an RV!!
MZ: A great way to start your weekend is the MilitiaMan video from last night…. He is doing a heck of a job going through the overwhelming amount of articles that came out this week about Iraqi progress, global completions, projects, funding , the WTO and the government. Be sure to go listen and support his videos.
PDK Note: Regarding no notes for a couple days…..I will only transcribe RV Related or Intel with Financial relevance. If it’s a stream mainly about politics…I will not do notes.
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
CBD Gurus are in the first 45 minutes then Mark comes on with RV news.
Member: Welcome to the weekend…..hopefully our last weekend without an RV!!
MZ: A great way to start your weekend is the MilitiaMan video from last night…. He is doing a heck of a job going through the overwhelming amount of articles that came out this week about Iraqi progress, global completions, projects, funding , the WTO and the government. Be sure to go listen and support his videos.
Member: The simply Linn bank story was pretty cool to here let’s hope we’re here at the finish line!!!
MZ: I know everyone is buzzing about the Simply Linn video with the gentleman calling in with his bank story ….I will drop the link here. It’s a long video but the bank story starts about minute 42:00. Make certain you go and listen and give Simply Linn credit and support for this video.
MZ: https://www.youtube.com/live/VcE3CBiQbTQ?si=S91UDWwl-fxWYJpI
MZ: In a nutshell- a guy goes to a chase bank and they know nothing….He goes to another and sits down with a personal banker who asked him what assets he had… and the guy says he has foreign currency …dinar and dong…….they bring in a wealth manager……. Whose eyes light up and the wealth manager shared some serious details about exchanging and the QFS: they suggested to him to exchange out of his area for anonymity and security and to avoid local tellers talking about his exchange.
MZ: I thought this was brilliant and I plan on doing that as well. Not exchanging in my town. Anonymity is a good thing to have.
MZ: He also mentioned our funds go into special accounts …..When the man asked if it was the QFS- the lady smiled and nodded and said it was account that no one else can see it. ….even tellers will not be able to see it. Very safe.
MZ: they also said they do now know “when” but know it’s coming soon and they have been preparing for it and equipped to exchange it right in front of your eyes…and there will be armed guards while you do the exchange. This was a fantastic bank story.
Member: I went to a Chase/JP Morgan bank and they knew nothing.
MZ: We talked about that last week. Some banks acknowledge it and some don’t.
Membeer. Maybe not all banks are set up to exchange…so they know nothing …..also so their tellers don’t go buy dinar and quit.
Member: Some intel people say there is huge activity in Reno right now.
MZ: Yes there is a large uptake of wealthy folks traveling to and from Reno. We even have a sighting of a key signatory arriving there yesterday. I find it really interesting that a key signatory is on the ground there at the same time a number of whales arrived.
MZ: But this has happened before so don’t read to much into it…..but with all the other chatter –it is an excellent sign.
Member: Once we have exchanged and our QFS account is opened –can we transfer money from other bank accounts to our QFS account?
MZ: I was told that you can move money from any legacy accounts via your phone to the QFS…It will be seamless and easy.
Member: Rumor is banks will give us new Q phones and laptops when we exchange.
MZ: None of my bankers have heard that….Zero of my bankers…..if it happens it will be a big surprise for everyone .
Member: So is this the month?
MZ: I very much think this could be our month, I do not have a magical ball…but going back to the Simply Linn bank story and remind you that bank manager said he does not know the timing but know it’s soon. And we may know before they do.
Member: I hope this is the week since remember that April 1st is the start of the new fiscal quarter for the government
Member: And April 15th is Tax day….Dear God let the RV happen before we have to send the bad guys all our tax money.
Member: Mark...I hope you have a fabulous weekend. Thank you for your time and information. You're the best!!
Member: Happy Birthday to all celebrating!!! Have a great rest of your weekend! God Bless!!
Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED 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.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Simply Linn Bank Story
The bank story starts at 42:20.
https://www.youtube.com/live/VcE3CBiQbTQ?si=S91UDWwl-fxWYJpI
Zig’s Place Chatroom News Friday Afternoon 3-8-24
Zig’s Place Chatroom News Friday Afternoon 3-8-24
Dave Wow!...FOREX IQD 3.12 BUCKs..... WE BE RICH......LOL
Zig Dave : LOL....Sheila told me that that is futures trading of the IQD.....never heard of that before
PM Dave FUTURES SELLING? 3.12 bucks....SOLD!!!
Dave Zig Sell you all mine fer a dime...
Zig Dave : I do not understand that platform futures trading that sheila has mentioned.....I would ignore those rates.....lol
Dave how aqbout a nickle?
Sparky Dave ... you and me both ...
Dave Sparky Should be ASKing shelia orTWW fer a nickle then?
Zig Dave : Kap thinks we could see a nickel in 6 months after the float starts.....lol
Dave LOL
Zig’s Place Chatroom News Friday Afternoon 3-8-24
Dave Wow!...FOREX IQD 3.12 BUCKs..... WE BE RICH......LOL
Zig Dave : LOL....Sheila told me that that is futures trading of the IQD.....never heard of that before
PM Dave FUTURES SELLING? 3.12 bucks....SOLD!!!
Dave Zig Sell you all mine fer a dime...
Zig Dave : I do not understand that platform futures trading that sheila has mentioned.....I would ignore those rates.....lol
Dave how aqbout a nickle?
Sparky Dave ... you and me both ...
Dave Sparky Should be ASKing shelia orTWW fer a nickle then?
Zig Dave : Kap thinks we could see a nickel in 6 months after the float starts.....lol
Dave LOL
Sparky ... I thought it was $3.28 yesterday ...
Dave Sparky Forex don't lie?
Sparky ... oh, shucks ...... I must have missed it by a day ...
Dave Sparky back down to0.0007 ?
Sparky ... .0006404 ...
Dave missed that boat yet again too Sparky LOP that!
Sparky ... we need to be careful, what they lop ...
Dave 6 mos of wheel barrows.......
Zig Dave : Your last conversation with Kap was fairly decent.....lol
butterfly Honestly I don't know where these people are getting these amounts. Remember back with the rate was in the "teen".
butterfly I believe the IQD was 2.85 before the invasion.
butterfly Iraq can't match these numbers.
Zig butterfly : Sheila said that it was "futures" trading.....so just anticipated future rates being traded
Sah The Forex futures are by 1000. So if Europe is 1096 that is equal to 1000 USD. Move the decimal over to the left by three digits and more like .000328 Dinar to $1 USD.
butterfly I could not find anything, nada, zilch from the .0007 rate. Long time ago it was .0009
Dave CBI yrs and yrs AGO delete 3 zeros and Restore purchasing power of the IQD....
Sah Dave Not if it is a lop. The value would not change, just smaller bills.
Dave each note costs aleast a nickle to print
Sparky Sah ... then slow rise ... makes sense to me ...
butterfly It has been several years back that silvergreetings took back my 250 OR 50, I can't remember which it was and replaced them equal. I haven't looked at my dinar in yrs so I have NO clue what I have now.
Dave Sparky with notes with have 3 less zeros
Sparky Dave ... yup ...
Sah They won't lop because they would have to print all that money to replace the three zero currency.
Dave :wheelbarrow with money:
Butterfly I believe, just me, this will all be done digitally.
Sparky ... Shabibbi had articles out about the new, lower denoms back in 2013 ... same coloration ...
Sparky butterfly ... I agree ...
Sah It will go international and float from where it is otherwise we will have problems exchanging our currency for the new all though they could both be used for a limited or unlimited time together just take three zero off and will be the same.
Dave butterfly Yes...ONCE all Iraqis have bank accounts
Sparky Sah ... yes, transition ...
Dave CBI had 5 or ten yrs to exchange
Sparky ... accounting purposes, mainly ...
Sah Dave Kuwait had 30 days.
Dave CBI mentioned 5 or ten yrs to exchange notes
butterfly Again, Abraham said to STOP listening to the so-called gurus, everyone will know at the same time. I live by that bc he has proven to be right.
Sparky ... yup, I recall that ...
Sparky ... above directed at Dave ...
Sah What we need is three decimal points off of the value of the currency not off the currency it self.
Sparky Sah ... in a perfect world ...
Sah No doubt.
Dave Sah :wheelba:
butterfly Seck would know what the rate was, I believe it was 2.85 when they had the downfall of Saddam. Ask yourself, why would they not go back to that same rate, not 3+. It just does not make sense. IF they do go back to the rate, I truly believe it will be even lower then the 2.85.
Sparky ... prolly will be a slow ride ... imo ... a few more years ...
Sparky ... 17 ... ? ...
Dave Sparky NO laws.... aint happening until bench marks achieved
Sparky Dave ... hence, Iranian influence ... imo ... since saddam, Iran took over Iraq ...only Saudi stops them ... and, both of them are enemies of the United states ...
Sah It has to float first and hold it's own before any miracle can happen, also there is a problem with how many notes have been printed since then that decreases the value of the currency.
Sah Iran is complaining because Iraq is building a high fence between their borders. Farmers are complaining on both sides as the river is there and their animals can not get to it if they leave a safe border on each side.
Dave CBI 3 pilliars...social economic and political stability
Sah With Sudani at the helm this is coming about.
Sparky ... phone call ... ...
Dave Sah More about getting the Kurds on board imo
Dave passing foreign investment laws....
Butterfly Not going political here, but Iraq and Kurdistan reminds me of our D's and R's.
Dave EXACTLY ......TRUE HURTS that dialogue has not changed fer almost 20 yrs............IN IRAQ!
Dave Big oil ran away due to their disputes
butterfly Government efforts to ease US sanctions on banks an expert in financial affairs, Mahmoud Dagher, confirmed that the Iraqi government and the Central Bank are dissatisfied with the nature of the US Treasury’s dealings with Iraqi banks, pointing out that there is an effort to lift the sanctions in light of a difficult political framework and a more difficult regional atmosphere.
Dagher said in a televised interview followed by Mawazine News, “The current government administration and the Central Bank are dissatisfied with the nature of the Treasury’s dealings with Iraqi banks and are making an effort within a difficult political framework and a more difficult regional atmosphere,” noting that the Iraqi ambassador in Washington visited the US Treasury and there is work to resolve or Reducing the severity of sanctions.
Regarding the public sector’s control over projects, Dagher stated, “The largest government bank possesses a capital of 130 billion dinars and controls all state deposits, while the smallest bank in the private sector possesses a capital of 300 billion dinars in light of a clear government restriction on the expansion of the sector’s work.” private".
The financial expert described the expansion of the public sector as “ownership, not performance,” noting that “the reason is due to the Ministry of Finance’s monopoly on the labor and investment market in the country.”
Dagher stated, “The public sector needs a sovereign fund, not a fund within the budget.” https://mawazin.net/Details.aspx?jimare=243415
Dave : {Central Bank are dissatisfied }
butterfly Al-Sudani: The step of paying the salaries of Kurdistan employees directly from Baghdad means canceling the region Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Friday, the Kurdistan Regional Government’s commitment to the budget items during the past two months, indicating that paying the salaries of the region’s employees directly from Baghdad means canceling the region, its entity and its government.
Al-Sudani said in a televised interview followed by “Al-Maalouma” that, “If we want to say that Baghdad is the one that pays the salaries of Kurdistan employees, as there is no constitutional entity called the Kurdistan Region,” indicating that “if the region agrees to that step, we are ready to change the law and pay salaries.” employees directly.
He pointed out that "there is a misunderstanding about the powers of the region at the media, popular and elite levels, as the region has a constitution, parliament and government, and it receives 12% of the budget and has the right to distribute it among projects and the salaries of its employees."
https://mawazin.net/Details.aspx?jimare=243430
Dave butterfly Kurds want 17 ish%
butterfly A Kurdish lawmaker calls on Baghdad to expedite the localization of the salaries of the region's employees Member of the Parliamentary Finance Committee, Jamal Ahmed, on Friday called on the federal government to expedite the completion of the nationalization of the salaries of the region’s employees.
Ahmed said in an interview followed by Mawazine News: “The region’s employees will not receive any salaries after the Federal Court’s decision without nationalization, stressing the need to expedite the resolution of the salary localization file during the current month.”
He added, "The government must accelerate the opening of bank branches in the region, noting that, "There is only a branch of the Iraqi Trade Bank."
He urged the government to "accelerate the provision of information and data on employees urgently in order to solve the issue of nationalization and resolve it completely.”
He explained . He added, “The Federal Court set broad guidelines and emphasized the importance of localizing the salaries of employees in the region at the Rafidain, Rasheed, and Iraqi government banks for trade.”
He continued, “The localization of salaries requires the governments of Baghdad and Erbil to exert their utmost efforts in order to end this file during the current month of March, in particular.” The court blocked the payment of any salaries to the region outside the framework of resettlement.” https://mawazin.net/Details.aspx?jimare=243442
Dave with art 140 included
Dave ERBIL court VS Baghdad court
Sah Dave Has nothing to do with article 140. Kurdistan not sending oil for budget. Iraq not giving Kurdistan budget money and employees were not getting paid. Money paid to Kurdistan for employees went in higher ups pockets while Kurdistan was supposed to send oil. Iraq decided to pay the poor employees there not getting paid so set up digital payments right now to pay the employees direct and Kurdistan wants the money to go to them first. Where is the oil per day you promised for years. CBI digitized banks in Kurdistan and is working on all employees vetted and signed up for salaries.
Sah All salaries there are going digital and paid by Iraq.
To Be Continued ………………….
Iraqi Dinar Video Updates Friday Afternoon 3-8-24
Iraqi Dinar Video Updates Friday Afternoon 3-8-24
This Is Huge News Coming Out From Iraq Today – 2:32
IMF & World Bank Released New Rate Today – 3:21
Vietnam Dong & IQD Latest Update – 3:16
The Central Bank Iraq PM Al-Sudani IQD Revaluation Done – 3:11
Iraqi Dinar Video Updates Friday Afternoon 3-8-24
This Is Huge News Coming Out From Iraq Today – 2:32
IMF & World Bank Released New Rate Today – 3:21
Vietnam Dong & IQD Latest Update – 3:16
The Central Bank Iraq PM Al-Sudani IQD Revaluation Done – 3:11
This Is Huge News Coming Out From Iraq Today – 2:32
IMF & World Bank Released New Rate Today – 3:21
Vietnam Dong & IQD Latest Update – 3:16
The Central Bank Iraq PM Al-Sudani IQD Revaluation Done – 3:11
Gold's Return to the Monetary System is 'Already Happening': Matthew Piepenburg
Gold's Return to the Monetary System is 'Already Happening': Matthew Piepenburg
Commodity Culture: 3-8-2024
Matthew Piepenburg doesn't believe the U.S. dollar is going to collapse tomorrow, or that gold is making a dramatic return to the international monetary system, but he does believe that the trend of dedollarization is very real and gold's role as money is slowly but surely establishing itself right now.
Matthew also explains why silver is the speedboat and gold is the juggernaut and provides his outlook on the broad market, energy, and more.
Gold's Return to the Monetary System is 'Already Happening': Matthew Piepenburg
Commodity Culture: 3-8-2024
Matthew Piepenburg doesn't believe the U.S. dollar is going to collapse tomorrow, or that gold is making a dramatic return to the international monetary system, but he does believe that the trend of dedollarization is very real and gold's role as money is slowly but surely establishing itself right now.
Matthew also explains why silver is the speedboat and gold is the juggernaut and provides his outlook on the broad market, energy, and more.
Michael Pento: Understanding the Stakes as Bank Term Funding Ends
Michael Pento: Understanding the Stakes as Bank Term Funding Ends
Palisades gold Radio: 3-8-2024
Michael begins by focusing on the current state of the US financial system and potential risks ahead. With the bank term funding program expiring next week, there may be stress in the banking system as banks will have to repay credit received and take back their assets.
Other risks include rising unemployment rates, impacting various loan markets, and indicators such as a contraction in the manufacturing sector for 16 months, an inverted yield curve, and increasing bankruptcies.
Michael suggests that the economy is unhealthy and unbalanced, favoring the wealthy while harming the middle class and lower-income individuals.
Michael Pento: Understanding the Stakes as Bank Term Funding Ends
Palisades gold Radio: 3-8-2024
Michael begins by focusing on the current state of the US financial system and potential risks ahead. With the bank term funding program expiring next week, there may be stress in the banking system as banks will have to repay credit received and take back their assets.
Other risks include rising unemployment rates, impacting various loan markets, and indicators such as a contraction in the manufacturing sector for 16 months, an inverted yield curve, and increasing bankruptcies.
Michael suggests that the economy is unhealthy and unbalanced, favoring the wealthy while harming the middle class and lower-income individuals.
Michael feels there's potential for another liquidity crisis in the US banking system. While the Fed could implement measures like another bank term funding program, it would be problematic amid high inflation, potentially leading to higher long-term interest rates, increased borrowing costs, and a sovereign debt crisis. He argues that options for addressing a liquidity crisis are limited and any measures taken may have unintended consequences.
Mr. Pento believes we're in a bubble economy due to excessive money printing and low interest rates. Pento expects inflation to continue to rise, leading to a recession and potentially a serious bear market for stocks.
Pento discusses the relationship between gold and Bitcoin, suggesting that Wall Street and the general public have been more focused on Bitcoin due to its higher profile and influence of sponsors in financial media. He believes gold is a more reliable store of value and better hedge against inflation than Bitcoin.
Pento advises investors to pay attention to economic cycles and consider active steps for protection, like diversifying into precious metals and actively managing your investments.
Time Stamp References:
0:00 - Introduction
0:37 - Fed & Liquidity Levels
3:39 - Bitcoin Tangent
6:14 - Fed BTFP Program End
9:38 - Unemployment & Banks
11:48 - Economy & Manufacturing
14:58 - Debt, Defaults, & Problems
19:52 - Fed Inflation & Printing
25:00 - Good Intentions & Roads
27:10 - Gold Positioning & Rates
30:20 - Hype Train & Bitcoin/Gold
32:37 - Miners Vs. Physical
34:18 - Avoid Losing Money!
36:39 - Wrap Up
Talking Points From This Episode
- Bank term funding program expires shortly which may cause increased stress in the banking system as banks must repay credit and reclaim assets
. - Potential risks to financial sector include rising unemployment rates, impact on loan markets, and multiple negative indicators
. - Limited options exist for the Fed to address a liquidity crisis, and any measures taken could have unintended consequences.
More News, Rumors and Opinions Friday Afternoon 3-8-2024
KTFA:
Frank26: "AND WHAT IS THE RESULT OF THAT... A NEW EXCHANGE RATE TO ADD VALUE TO THE NATIONAL CURRENCY"............F26
A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline
3/4/2024
The financial affairs advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Monday, that the dollar exchange rates in local markets will gradually decline .
Saleh said in an interview with Al-Ghad Press, “The demand for foreign currency to finance Iraq’s foreign trade for the private sector and government trade amounts annually to approximately 60 billion dollars .”
He added, "More than 95% of Iraq's foreign trade is financed through the compliance platform in accordance with international standards, and accordingly goods and merchandise flow into the country through the official exchange rate of 1,320 dinars per dollar ."
KTFA:
Frank26: "AND WHAT IS THE RESULT OF THAT... A NEW EXCHANGE RATE TO ADD VALUE TO THE NATIONAL CURRENCY"............F26
A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline
3/4/2024
The financial affairs advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Monday, that the dollar exchange rates in local markets will gradually decline .
Saleh said in an interview with Al-Ghad Press, “The demand for foreign currency to finance Iraq’s foreign trade for the private sector and government trade amounts annually to approximately 60 billion dollars .”
He added, "More than 95% of Iraq's foreign trade is financed through the compliance platform in accordance with international standards, and accordingly goods and merchandise flow into the country through the official exchange rate of 1,320 dinars per dollar ."
He continued, "Foreign trade depends on the parallel market at a rate of 5%," pointing out that "the percentage referred to will not affect the local market, especially after the decline in the general level of prices, which does not exceed 4 percent annually ."
He pointed out that "the current monetary and trade policy will provide a gradual reduction between the official and parallel exchange rates, especially after the banking system adapted to the rules of international trade and the principles of financing foreign trade, all of which began to serve the interest of the stability of the national economy ."
Today, Monday, the capital, Baghdad, witnessed a decline in dollar exchange rates with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 149,850 Iraqi dinars against 100 dollars. LINK
************
Clare: Distribution of approximately 6,600 plots of land among employees of the Basra Oil Company
3/8/3034 Baghdad
Today, Friday, Oil Minister Hayyan Abdul-Ghani announced the distribution of 6,598 plots of land among employees of the Basra Oil Company.
A statement from the ministry received by “Al-Iqtisad News” stated that “Abdul Ghani stressed, during the ceremony of distributing land plot bonds to a number of employees of the Basra Oil Company, the keenness of the government and the ministry to provide a free and dignified life for employees of the oil sector who continue day and night in order to sustain and increase oil production and investment.” Optimum for this wealth, in support of the national economy.”
The Minister of Oil added: “Today we have reaped the fruits of sincere efforts over the past period to obtain this large area of land in cooperation with the governorate administration and the concerned authorities to transform it into residential plots of land, and to transform the dream into reality, and ink on paper into reality on the ground, and here we are today.” We are with you to fulfill what we promised you, and we will not stop there. Rather, we are moving forward to achieve our goal for all workers in oil companies to obtain their entitlement to secure a decent life for them.”
He pointed out that “the total number of residential plots of (Al-Biban) lands that were sorted in the Shatt al-Arab district reached (6598) plots, with (120) plots that conflict with the prohibitions of electricity towers - high voltage (132) V.K. A committee is working to follow up on land ownership.” (Al-Biban) decided to resolve this by approaching the concerned authorities by asking the Electricity Department to remove the encroaching towers. The committee also approached the Shatt al-Arab Municipality to appropriate the canceled railways that pass through (Al-Biban) District, which is affiliated with the Basra Oil Company. If approval is obtained, it will be added. Approximately (420) residential plots, in addition to the completion of all real estate bonds issued in the name of the Basra Oil Company, and the First Real Estate Registration Department in Basra has expressed its readiness to receive the transactions of the beneficiaries of the Basra Oil Company.”
Abdul-Ghani noted “coordination with the Basra Governorate administration to allocate (40) thousand plots of land for distribution to workers in oil companies in the governorate,” stressing: “Since we assumed the responsibility of the ministry, we have been keen to pay attention to the segment of employees and provide them with the requirements of a decent life, especially the distribution of plots of land.” And residential complexes, and we stressed the inclusion of all workers in the oil sector in accordance with the applicable controls and contexts.”
The Minister of Oil instructed "the administrations of oil companies to expedite the resolution of the issue of lands for affiliates in coordination with the governorate administrations," indicating that he is "personally following up on this issue, which falls within the priorities of the government and the ministry."
For his part, the Director General of the Basra Oil Company, Bassem Abdul Karim, extended his “thanks and appreciation to the Deputy Prime Minister for Energy Affairs and the Minister of Oil for his efforts, endeavors and follow-up in obtaining these lands for the company’s employees,” stressing that “this represents an incentive to provide more work and giving in service of the public interest.” . LINK
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saleh is on television talking about Iraq's financial situation. He said...we have enough reserves to back a stable exchange rate... FRANK: That's the reinstatement of your currency. That's going to be the float eventually too. FIREFLY: ...He says we are capably of many other things besides oil, our country is powerful, growing and the world knows it. FRANK: Have you noticed the only topic in Iraq is about the exchange rate of a new currency that is coming to you?
Militia Man Ministerial Council of Economics... Ministry of Planning, Industry, Trade, Central Bank of Iraq, Prime Minister, Deputy Prime Minister, advisers, all of those folks that are involved...have been knocking it out of the park themselves and showing why they are bringing Iraq to be the financial savior...The world expectations are Iraq is going to be a key component into the global financial system...When they say it's imminent that's a broadcast to the world...
TAKE ACTION NOW! Its Going From VERY BAD To MUCH WORSE Rapidly... MORE PROOF!
Greg Mannarino: 3-8-2024
It Has Begun: Banks Are Now Failing, This Is A Huge Warning For America
Atlantis Report: 3-8-2024
In the wake of the recent collapses of several regional US banks, uncertainty looms over the financial landscape of America. The root cause of this impending turmoil, has dealt a severe blow to property valuations and loan portfolios.
As smaller regional banks brace for the storm of maturing debts and dwindling asset values, the stability of the entire financial system hangs in the balance. This alarming scenario signals the urgent need for attention and action to avert a potentially catastrophic outcome.