Lynette Zang and The Silver Report Upcut for Wednesday 9-28-2022
.DEBT, 401K, INFLATION...Q&A with Lynette Zang & Eric Griffin
9-28-2022
Viewer Questions:
Question 1: 7:10 How is the U.S. going to pay off all its Debt? Don’t we have to do this prior to the reset?
Question 2: 8:30 Can you explain what inflating the debt away means?
Question 3: 14:13 Lynette has often talked about an overnight financial reset. Why are assets such as checking and savings accounts devalued but not outstanding debt? Are retirement accounts such as an IRA or 401(k) also subject to the same devaluation?
Question 4: 19:59 If you had to put a value on gold and silver after the crash in today's dollar denomination what would it be?
DEBT, 401K, INFLATION...Q&A with Lynette Zang & Eric Griffin
9-28-2022
Viewer Questions:
Question 1: 7:10 How is the U.S. going to pay off all its Debt? Don’t we have to do this prior to the reset?
Question 2: 8:30 Can you explain what inflating the debt away means?
Question 3: 14:13 Lynette has often talked about an overnight financial reset. Why are assets such as checking and savings accounts devalued but not outstanding debt? Are retirement accounts such as an IRA or 401(k) also subject to the same devaluation?
Question 4: 19:59 If you had to put a value on gold and silver after the crash in today's dollar denomination what would it be?
$29 Trillion Stripped From World Economy! How Much Has The Fed Monetary A$$ault Cost The US & World
Silver Report uncut: 9-28-2022
The MSCI World index has dropped $29 trillion since its peak in November
How much has the Fed's epic "inflationary is transitory" policy error cost the world? Try $29 trillion and counting.
According to calculations from Bloomberg's Robert Fullem, the combined market value of the Bloomberg Global Aggregate bond index and the MSCI World index has dropped $29 trillion since its peak in November 2021.
The price gauge of the former has dropped to its lowest level since 2011. That is more than twice the level of the world’s international reserves assets, currently at about $12 trillion.
As Fullem notes, the drop in asset prices may not just be about inflation or rising rates but also about the prospect of a perpetual debt spiral to fuel a modicum of growth. Central-bank rate hikes and balance sheet trimming is making future debt more expensive. In some cases, debt costs rise further amid a dearth of foreign buyers as investors stick to local markets and official accounts see reserve balances shrink.
In other cases, a high absolute levels of debt and changing political landscape triggers repayment angst. Additionally, "shifting trade balances and protectionism complicates the issue as it threatens to shrink the world’s production capacity and potentially turn Bernanke’s global savings glut into a shortage."
Of course, the risk for central banks is that, as growth slows - and it will sharply and very soon - they will be forced to capitulate on tightening amid political concerns or domestic outrage, just as we have been warning for the past year.
October 1, 2022!!!! Bank Reset Capital Controls and Shemitah!!!!
.(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
OCTOBER 1, 2022!!!! BANK RESET CAPITAL CONTROLS AND SHEMITAH!!!!
AMTV: Christopher Greene: 9-28-2022
When is the Fed doing stress test for all large banks-October 1st
When is the Pope moving all his $5 Billion+ funds out of the banking system- October 1st
This is a sabbatical year called a “Shemitah” and it is culminating on what day? October 1st
October 1st is a big day.
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
OCTOBER 1, 2022!!!! BANK RESET CAPITAL CONTROLS AND SHEMITAH!!!!
AMTV: Christopher Greene: 9-28-2022
When is the Fed doing stress test for all large banks-October 1st
When is the Pope moving all his $5 Billion+ funds out of the banking system- October 1st
This is a sabbatical year called a “Shemitah” and it is culminating on what day? October 1st
October 1st is a big day.
The sabbatical year basics:
1.Absolution of loans (This sounds like a financial reset)
2. Desisting from all field work
As soon as the Israelites settled in the holy land they began observing a 7 year cycle. Every 7 year cycle would culminate in a sabbatical year know as Shemitah. Literally know or defined as “to release” . To release the hand of every creditor from what he has lent.
So this is an erasure of creditor debt. Like a “Debt Jubilee” The Shemitah year waives all outstanding debts between debtors and creditors.
The banks can’t keep raising interest rates. They collapse the whole system and reset it into a new one.
~~~~~~~~~~~~~~
Federal Reserve Board announces the individual capital requirements for all large banks, effective on October 1
August 04, 2022 For release at 4:00 p.m. EDT
Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1.
Large bank capital requirements are in part determined by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The "Large Banks Capital Requirements" table shows each bank's total common equity tier 1 capital requirement, which is made up of several components, including:
The minimum capital requirement, which is the same for each firm and is 4.5 percent;
The stress capital buffer requirement, which is determined from the stress test results, and is at least 2.5 percent; and
If applicable, a capital surcharge for global systemically important banks (G-SIBs), which is updated in the first quarter of each year to account for the overall systemic risk of each G-SIB.
If a bank's capital dips below its total requirement announced today, the bank is subject to automatic restrictions on both capital distributions and discretionary bonus payments.
The Board also today affirmed the stress test results for two firms that requested reconsideration. Those firms are Bank of America Corporation and Huntington Bancshares Incorporated.
The reconsideration process involved an independent group—separate from the stress testing group—that analyzed and evaluated the results. The results were checked for errors and to ensure that the stress test models, which project the loan losses and revenues for banks under the hypothetical stress scenario, worked as intended and were consistent with the principles described in the Board's Stress Testing Policy Statement.
For media inquiries, please email media@frb.gov or call (202) 452-2955.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm
Bix Weir and Greg Mannarino Wednesday 9-28-2022
.Bix Weir
RED ALERT! 2 Cat 5 Financial Hurricanes Hitting RIGHT NOW!!
9-28-2022
Behind the scenes the financial world is ON FIRE! Not only is a CAT 5 hurricane going to hit one of the most expensive real estate areas on the planet but the FX Derivative Market in the UK has IMPLODED forcing massive bailouts just to temporarily plug the holes to hold back the Tsunami!!
Hurricane Ian with DESTROY the already struggling Florida insurance companies such that MOST OF THEM WILL FAIL! This is a lesson in 3rd party risk and an insurance derivative MESS!
These two Financial Catagory 5 events are happening RIGHT NOW!
THIS IS IT MY FRIENDS....THE END GAME!
Bix Weir
RED ALERT! 2 Cat 5 Financial Hurricanes Hitting RIGHT NOW!!
9-28-2022
Behind the scenes the financial world is ON FIRE! Not only is a CAT 5 hurricane going to hit one of the most expensive real estate areas on the planet but the FX Derivative Market in the UK has IMPLODED forcing massive bailouts just to temporarily plug the holes to hold back the Tsunami!!
Hurricane Ian with DESTROY the already struggling Florida insurance companies such that MOST OF THEM WILL FAIL! This is a lesson in 3rd party risk and an insurance derivative MESS!
These two Financial Catagory 5 events are happening RIGHT NOW!
THIS IS IT MY FRIENDS....THE END GAME!
ALERT! The Bank Of England Capitulates! Re-Starts Quantitative Easing. CRITICAL UPDATES.
Greg Mannarino: 9-28-2022
Judy, Pimpy, Frank and more....Wednesday AM 9-28-2022
.RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 28 Sept. 2022
Compiled Wed. 28 Sept. 2022 12:01 am EST by Judy Byington
Judy Note:
Tues. 27 Sept. Bruce: Redemption Centers have a permanent 12 day schedule that was supposed to start at 11 am EST Wed. 28 Sept. That was when Tier 4B should start, or they would somewhere over the next three days. Bond Holders were to have liquidity in their accounts somewhere between 2:30-5:00 am EST on Wed. 28 Sept.
Tues. 27 Sept. MarkZ: Redemption and Bond people were still expecting liquidity in their accounts by Wed. evening 28 Sept.
The Global Asset Redemption Program officially began on Wed. 21 Sept. midnight EST when Wells Fargo Bank (owned by the Chinese Elders) received the Global Currency Reset fund release codes.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 28 Sept. 2022
Compiled Wed. 28 Sept. 2022 12:01 am EST by Judy Byington
Judy Note:
Tues. 27 Sept. Bruce: Redemption Centers have a permanent 12 day schedule that was supposed to start at 11 am EST Wed. 28 Sept. That was when Tier 4B should start, or they would somewhere over the next three days. Bond Holders were to have liquidity in their accounts somewhere between 2:30-5:00 am EST on Wed. 28 Sept.
Tues. 27 Sept. MarkZ: Redemption and Bond people were still expecting liquidity in their accounts by Wed. evening 28 Sept.
The Global Asset Redemption Program officially began on Wed. 21 Sept. midnight EST when Wells Fargo Bank (owned by the Chinese Elders) received the Global Currency Reset fund release codes.
After receiving the 800 numbers to call for appointments, Tier 4B (us, the Internet Group) would be exchanging foreign currencies and redeeming Zim Bonds at special rates for twelve days at specially set up Redemption Centers (16,950 in US).
Sometime this week Stock Market Trading was expected to close down as the World adjusted to the new gold/asset-backed rates of various countries and banks underwent major internal changes.
The GCR will complete by the beginning of the new fiscal year on Sat. 1 Oct, after which exchanges for the General Public would begin at the Forex rates at the banks.
~~~~~~~~~~~~~
Tues. 27 Sept. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456
Iraq has put out a rate and was ready to start.
The British Pound and Euro have dropped in value.
Stock Market has made a steady and smooth decline.
There was a 50% gold backing of the US Note.
Today Tues. 27 Sept. the Redemption Staff went in for about three hours to do Bond Holder paperwork.
Redemption Centers had a permanent 12 day schedule that was supposed to start at 11 am EST Wed. 28 Sept.
Tier 4B should start on Wed. 28 Sept. or somewhere over the next three days.
Bond Holders were to have liquidity in their accounts 2:30-5:00 am EST Wed. 28 Sept.
Some Redemption Centers will stay open up to 20 hours a day.
We have been assured safety to do our exchanges. 28 counties have been designated to be under Martial Law.
This is to be kept quiet for your own safety.
Everything will be seen and monitored by the Quantum Financial System. If any transaction you make is suspect you may have your account frozen.
16,950 Redemption Centers exist across the US.
~~~~~~~~~~~
The Real News for Tues. 27 Sept. 2022:
MSM: Financial markets are throwing in the towel: Recession fears escalate as Fed slams brakes on the economy: https://www.msn.com/en-us/money/markets/financial-markets-are-throwing-in-the-towel-recession-fears-escalate-as-fed-slams-brakes-on-the-economy/ar-AA12gOdz?ocid=msedgntp&cvid=6cb7ccaab1c0468da69120a1bb37207d
Read full post here: https://dinarchronicles.com/2022/09/28/restored-republic-via-a-gcr-update-as-of-september-28-2022/
************
Courtesy of Dinar Guru
Frank26 Article: "Al-Kazemi expects an increase in Iraq's cash reserve and it will reach $100 billion" Kazemi increases cash reserves for the float of the IQD... Quote: "the white paper succeeded in achieving economic reforms...Iraq has achieved the largest and fastest economic growth and has become the first in the Middle East and fifth in the world" That's not at a program rate value...! And that is why they are prepared to leave the border as soon as they announce their government they'll show you a budget...the white papers...an exchange rate...and...their economic explosion! IMO
Breitling There's plenty of evidence. You have to understand markets. They're going to add value to their currency. If anyone out there can find and article from the CBI, Ministry of Planning, Ministry of Finance or somebody IN parliament says, 'No, we're not going to add value to our currency.' I'd like to see that because it does not exist...be happy. Be positive...there's no reasons for you to have any fear about this investment...
Iraqi Dinar update for 09/27/22 - What a difference a day makes
Pimpy’s investment Chat :
GLOBAL BOND MARKETS IMPLODE: It's Been 76 Years!
Lynette Zang: 9-27-2022
Everybody wants to know, "what are the signs, when am I gonna know that the whole thing is coming down?" Well, let me tell you! I'm seeing those signs. I don't like what I see.
Bix Weir and Greg Mannarino Tuesday 9-27-2022
.ALERT! Silver & BTC Hold Steady as FX Flash Crash GUTTED $5T for FX Derivative Holders
(Bix Weir) 9-27-2022
It's the DERIVATIVES dummy! Volatility in a historically non-volatile market, like the Foreign Exchange (FX) market, is a disaster for the derivative markets! Yes, there will be huge winners...but with every huge winner there are huge losers!
THERE ARE MANY DERIVATIVE PLAYERS THAT LOST HUGE IN THE UK POUND FLASH CRASH!!
ALERT! Silver & BTC Hold Steady as FX Flash Crash GUTTED $5T for FX Derivative Holders
(Bix Weir) 9-27-2022
It's the DERIVATIVES dummy! Volatility in a historically non-volatile market, like the Foreign Exchange (FX) market, is a disaster for the derivative markets! Yes, there will be huge winners...but with every huge winner there are huge losers!
THERE ARE MANY DERIVATIVE PLAYERS THAT LOST HUGE IN THE UK POUND FLASH CRASH!!
The GLOBAL Financial System Is COLLAPSING. Home Prices PLUNGE At Fastest Pace ON RECORD.
Greg Mannarino : 9-27-2022
More News, Rumors and Opinions Tuesday Afternoon 9-27-2022
.TNT:
Harambe: Vietnam’s economy to expand 7.2% in 2022: World Bank | Vietnam+ 9/27/22
Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.
The economy rebounded strongly from COVID-19-related lockdowns in the third quarter of 2021, expanding by 6.4% in the first half of 2022, the report said.
The WB attributed the rebound to a recovery of exports and the release of pent-up demand following the removal of COVID-19-related mobility restrictions and, more recently, the gradual return of foreign tourists.
In the medium to long term, achieving Vietnam’s goal to become an upper-middle income economywill depend on transitioning to a productivity and innovation-led growth model based on a more efficient use of productive, human, and natural capital, the bank said.
TNT:
Harambe: Vietnam’s economy to expand 7.2% in 2022: World Bank | Vietnam+ 9/27/22
Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.
The economy rebounded strongly from COVID-19-related lockdowns in the third quarter of 2021, expanding by 6.4% in the first half of 2022, the report said.
The WB attributed the rebound to a recovery of exports and the release of pent-up demand following the removal of COVID-19-related mobility restrictions and, more recently, the gradual return of foreign tourists.
In the medium to long term, achieving Vietnam’s goal to become an upper-middle income economy will depend on transitioning to a productivity and innovation-led growth model based on a more efficient use of productive, human, and natural capital, the bank said.
The WB forecast that growth in the region is projected to decelerate from 7.2 percent in 2021 to 3.2 percent in 2022, which is about two percentage points slower than was expected in April 2022.
Potential output in the region is now projected to expand 4.6% year-on-year over the 2022-2030 period, down from 6.5% in the decade preceding the pandemic.
According to a forecast by the WB in April, East Asian and Pacific countries can achieve an economic growth of 5% in 2022.
https://en.vietnamplus.vn/vietnams-economy-to-expand-72-in-2022-wb/239040.vnp
************
Harambe: Bank Indonesia Intervention Lifts Rupiah From Lowest Since 2020 | Bloomberg 9/27/22
Indonesian authorities are intervening in the spot and domestic non-deliverable forwards markets to prevent the rupiah from weakening excessively, Edi Susianto, executive director of monetary management, said in a text message Tuesday. The currency erased a loss of as much as 0.3% against the greenback after his comments.
From Japan to South Korea and India, Asia’s policy makers are stepping up the defense of their currencies as the dollar’s rally shows few signs of easing. Bank Indonesia has also deployed its own version of Operation Twist -- selling short-term notes and buying up longer ones -- in an effort to shore up the rupiah.
“It seems like many Asian central banks have become more aggressive in trying to reduce downside pressure on their currencies,” said Mitul Kotecha, head of emerging-market strategy at Toronto Dominion Bank in Singapore. “However, it’s a hard battle given ongoing USD strength.”
Bank Indonesia had spent $4.21 billion of its foreign-exchange reserves in July as it sought to limit the rupiah’s losses amid the nation’s widening rate gap with the US.
The rupiah traded little changed at 15,123 per dollar as at 3.33 p.m. local time after sliding to 15,171 earlier, the weakest since April 2020.
Still, it’s worth noting that Indonesia’s currency has held up relatively well since the dollar started rallying last month. It has fallen less than 2% since Aug. 10, beating all but one of its Asian peers.
Crisis Level Risks Loom in Asia as Major Currencies Crack
Elevated commodity prices have buttressed the nation’s trade surplus, while stock inflows and Indonesia’s robust growth also helped shield the rupiah against the worst of the dollar’s onslaught.
“Psychologically, it’s still important to slow depreciation pressures against the dollar so that spillover drags from current elevated US Treasury yields are contained,” said Yanxi Tan, a strategist at Malayan Banking Berhad in Singapore. “The relative resilience of the rupiah, which is seeing support from benign trade surpluses and BI rate hike expectations, could mean that interim FX concerns are somewhat less urgent.”
************
Harambe: IMF says it will not provide loans for Zimbabwe | 9/27/22
The International Monetary Fund has ruled out providing financial assistance to Zimbabwe, following a staff mission to the country. The mission’s leader, Dhaneshwar Ghura, said the IMF was “precluded from providing financial support to Zimbabwe due to unsustainable debt and official external arrears”. The IMF urged the Reserve Bank of Zimbabwe (RBZ) to continue raising rates and to liberalise the foreign-exchange market.
“The IMF is precluded from providing financial support to Zimbabwe due to an unsustainable debt and official external arrears,” the fund said in a statement after a month-long mission to the African country.
“A Fund financial arrangement would require a clear path to comprehensive restructuring of Zimbabwe’s external debt, including the clearance of arrears and obtaining financing assurances from creditors.”
The IMF said its staff had completed a virtual mission to Zimbabwe from October 16 to November 16, and noted “significant” efforts by authorities there to stem inflation, contain budget deficits and reserve money growth.
Zimbabwe, which has suffered from bouts of hyperinflation in the last 15 years, has not received funding from lenders like the IMF and the World Bank for more than two decades due to arrears.
The country has more than $10 billion in debt, most of which is in arrears.
In September, the government said it had made symbolic debt repayments to some creditors for the first time in 20 years.
After several years of economic contraction, and despite the fallout from the coronavirus pandemic, the IMF forecast that Zimbabwe’s economy would expand by six percent this year.
Zimbabwe is still reeling from decades of financial mismanagement under its late former president Robert Mugabe.
The southern African country has been in severe economic crisis for years, during which many have helplessly watched their savings evaporate and prices soar.
Manufacturing and exports have shrunk, and foreign currency is continuously in short supply.
https://www.zimcitizen.com/imf-says-it-will-not-provide-loans-for-zimbabwe/
************
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground TV report] FIREFLY: They showed an economist today being interviewed saying the government can control the currency auctions by making the dinar equal to the dollar or close to it...they say watch for government to make this move in the near future to control the currency auction once they sit... FRANK: The reason why the economist is talking to you about the dinar going 1 to 1 internationally is because the CBI already told you that...they told you they were going to go 1 to 1 and float...
Samson Article: "The central bank reveals a new denomination of the currency and is working on issuing a digital one" Quote: "the Governor of the Bank, Mustafa Ghaleb, said, We are working on a new currency, a category of 20 thousand dinars...We will start announcing the new category after completing its requirements...He stressed that there is no intention to reduce or change the exchange rate of the dollar against the Iraqi dinar."
Rate Hikes Are Wiping Out Central Banks!
Sean Foo: 9-27-2022
Australia's central bank has its equity wiped out by the billions! As the rate hikes continue, global central banks are feeling the pain on their balance sheets. We have the Reserve Bank of Australia taking in horrific bond losses to the point of negative equity. This is bad news as rate hikes continue to soar. A mortgage crisis could be brewing and other central banks, like the ECB, have to brace for impact. Here's what you must know!
Timestamps & Chapters:
0:00 Australia's Central Bank Got Wiped Out
3:10 A Central Bank Can't Go Bust But...
5:58 The Real Estate Crisis Could Get Worse
8:02 This Central Bank Is Next
October Stock Market "Surprise?" Debt Market Meltdown, Currency Crisis, CRATERING ECONOMY.
Greg Mannarino: 9-27-2022
News, Rumors and Opinions Tuesday AM 9-27-2022
.RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 27 Sept. 2022
Compiled Tues. 27 Sept. 2022 12:01 am EST by Judy Byington
Global Markets Are in Freefall!!!
China Banks Are Collapsing; Australia’s Bank Has Collapsed; British Pound Has Collapsed and the Financial Tsunami is Moving Toward the US.
Prepare your backups and have at least 2-3 week’s worth of cash, food, water and essential items on hand.
Judy Note: The Stock Market was being held up artificially. Central Banks worldwide were closing or reorganizing because of the US Inc. bankruptcy. They say everything will close down soon for a short while as the system adjusts to the new gold-backed currency rates.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 27 Sept. 2022
Compiled Tues. 27 Sept. 2022 12:01 am EST by Judy Byington
Global Markets Are in Freefall!!!
China Banks Are Collapsing; Australia’s Bank Has Collapsed; British Pound Has Collapsed and the Financial Tsunami is Moving Toward the US.
Prepare your backups and have at least 2-3 week’s worth of cash, food, water and essential items on hand.
Judy Note: The Stock Market was being held up artificially. Central Banks worldwide were closing or reorganizing because of the US Inc. bankruptcy. They say everything will close down soon for a short while as the system adjusts to the new gold-backed currency rates.
The Global Currency Reset has begun.
Sometime this week Stock Market Trading was expected to close down as the World adjusts to the new gold/asset-backed rates of various countries and banks undergo major internal changes.
Mon. 26 Sept. MarkZ: Over the weekend some SKRs and Zim Bonds were funded, but were not yet liquid. Bond folks who were expecting funds on Tuesday were now hearing they will be able to spend their money starting late Wednesday. The bond markets are in the middle of its worst decline since 1949 and we are watching the bond market implode. This is what we told to look for at the end of this.
On Sun. 25 Sept. Fleming: “The German Bonds have to finish first before notifications come out for Tier 4B. Redemption Centers will be open 20 hours a day for 12 days.”
The GCR would complete by the beginning of the new fiscal year on Sat. 1 Oct, after which Exchanges for the General Public would begin
Recent GCR History:
As of Tues. 13 Sept. 2022 the Federal Reserve and their Central Banks were officially Bankrupt: Watch for Runs on Banks and Bank Closures.
Major banks within the US – Bank of America, Wells Fargo, Chase and several others – were now insolvent and have filed for bankruptcy: https://beforeitsnews.com/alternative/2022/09/phil-godlewski-black-sht-did-hit-the-fan-on-the-24th-heres-the-details-video-3780921.html
On Mon. 19 Sept. Global Elites attending the funeral of Queen Elizabeth were briefed by the Alliance on the upcoming collapse of their governments and banking systems, which would lead to Debt Relief for The People.
Pope Francis has instructed Vatican entities to move all funds to Vatican bank by Sept. 30: https://www.catholicworldreport.com/2022/08/23/pope-francis-instructs-vatican-entities-to-move-all-funds-to-vatican-bank-by-sept-30/
Calendar of Possible Upcoming Events:
“October will see big Global financial changes.”…Charlie Ward Charlie Ward: Special Intel Report – “The End of September” (Video) | Alternative | Before It’s News (beforeitsnews.com)
Sat. 1 Oct: Global Currency Reset, beginning of new fiscal year, the world pulls credit from US Inc.
The Real News Headlines for Mon. 26 Sept. 2022:
Last weekend the Australian Bank declared bankruptcy and was closing, while the New Zealand Bank closed for seven days. …Charlie Ward
Goldman Sachs’ bankers get their marching orders as Wall Street starts to purge under-performers: https://www.msn.com/en-us/money/companies/goldman-sachs-bankers-get-their-marching-orders-as-wall-street-starts-to-purge-under-performers/ar-AA12f9F8
Mon. 26 Sept. British pound falls vs the US dollar again after an emergency statement from the Bank of England on the falling pound.
‘Financial markets are throwing in the towel’: Recession fears escalate as Fed slams brakes on the economy: https://www.msn.com/en-us/money/markets/financial-markets-are-throwing-in-the-towel-recession-fears-escalate-as-fed-slams-brakes-on-the-economy/ar-AA12gOdz?ocid=msedgntp&cvid=6cb7ccaab1c0468da69120a1bb37207d
Read full post here: https://dinarchronicles.com/2022/09/27/restored-republic-via-a-gcr-update-as-of-september-27-2022/
************
Courtesy of Dinar Guru
Frank26 Question: "Are the satellite banks still on schedule for opening around the end of the month?" Yeah. Give it into the first week of next month too. BTW because they open those banks does that mean that it would be a new exchange rate? No. Because American citizens can use it as well too. When the new exchange rate for the Iraq dinar comes in, their main focus will kick in. The main job of these satellite banks is to collect the three zeros that are hidden.
Samson Article: "Iraq ranks 11th globally and fourth in the Arab world among the cheapest countries in the world at gasoline prices" Quote: "The report indicated that "Venezuela ranked first in the world with the cheapest country in the world for gasoline at a price of 22 cents per liter, followed by Libya at 30 cents, and then Iran came third at 53 cents." He also noted that "the most expensive countries in the world at gasoline prices were Hong Kong at 2.967 per liter, followed by Zimbabwe at $2,750, and then Iceland at $2,270."
Iraqi Dinar update for 09/26/22 - Another one bites the dust
Pimpy’s Investment Chat:
Fed may reach 'tipping point' by November as world 'breaks apart' into two - Ronald-Peter Stoeferle
Kitco News: 9-27-2022
Ronald-Peter Stoeferle, Managing Director at Incrementum AG, talks about why gold has not performed better this year, due to the strong U.S. dollar, inflation expectations, equity markets, and crypto performance. He also explains why the U.S. dollar has been 'weaponized' during the Russia-Ukraine conflict. Stoeferle spoke with David Lin, Anchor and Producer at Kitco News.
0:00 - Gold and the Fed
5:22 - Inflation
12:07 - Stagflation 2.0
15:09 - Fed hikes and inflation/deflation
18:00 - Weaponization of the dollar
20:55 - Breakup of the world
22:25 - U.S. dollar strength
25:47 - Stock markets vs. gold
28:50 - Energy crisis in Europe
30:30 - Bitcoin
33:27 - Credit crisis
36:10 - Gold price outlook
43:55 - Gold's purchasing power
Awake-In-3D: "British Pound Hits All Time Low vs. USD"
.Awake-in-3D : British Pound Hits All Time Low vs. USD!
GBP Flash-crash: Has anyone here on this Channel ever seen the British Pound Sterling ever valued at $1.05 in your lifetime?
Anyone who doesn’t think that the global financial system isn’t in complete, uncharted territory at this point has checked out of reality as we know it.
As the USD reaches stellar strength against the world’s top currencies (the DXY Index at 113 and rising), the central banks of the world are in utter chaos trying to manage all their USD denominated debt payments. It’s not pretty.
The Japanese Yen via the Bank of Japan is in a monumental struggle to stave off total collapse, which is also placing tremendous pressure on the Chinese Yuan to maintain its exchange rate.
Awake-in-3D : British Pound Hits All Time Low vs. USD!
GBP Flash-crash: Has anyone here on this Channel ever seen the British Pound Sterling ever valued at $1.05 in your lifetime?
Anyone who doesn’t think that the global financial system isn’t in complete, uncharted territory at this point has checked out of reality as we know it.
As the USD reaches stellar strength against the world’s top currencies (the DXY Index at 113 and rising), the central banks of the world are in utter chaos trying to manage all their USD denominated debt payments. It’s not pretty.
The Japanese Yen via the Bank of Japan is in a monumental struggle to stave off total collapse, which is also placing tremendous pressure on the Chinese Yuan to maintain its exchange rate.
Emerging Market currencies are in a death spiral that can only be resolved by a collapse in USD strength at this point.
Bandaids will be applied this week, but the outcome is anything but positive for the Great Global Fiat Currency Experiment coming to its logical conclusion.
October is shaping up to be a bloodbath for the global fiat system.
Factual Reference:
https://www.zerohedge.com/markets/pound-flash-crashes-500-pips-record-low-amid-global-fx-carnage
NEW RV/GCR FACT-BASED NEWS CHANNEL ON TELEGRAM
Awake-In-3D reports on “real world” financial events in the context of an emerging asset-backed Global Currency Reset as Central Banksters fight hard to preserve their collapsing Fiat Currency regime and dominance over humanity.
Providing unique commentary, backed by factual articles and reference links, the new "GCR Real-Time News" channel provides readers with a critical-thinking approach to world financial events documenting this historical financial Shift which is unfolding at this very moment.
Link to join: https://t.me/GCR_RealTimeNews
News Rumors and Opinions Monday Afternoon 9-26-2022
.KTFA:
Samson: Governor: The Central Bank has played a major role in revitalizing the Iraqi economy over the past years
26th September, 2022
The Governor of the Central Bank, Mustafa Ghaleb Makheef, confirmed, on Monday, the aspiration of the banking sector in Iraq to increase cooperation with the banking sectors in other countries
And a statement from the Central Bank stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mekhif, received, on Monday, the Ambassador of the Czech Republic to Iraq, Peter Stepanek
Makheif stressed, according to the statement, "the strengthening of banking and economic relations between the two friendly countries
He stressed that "the Central Bank of Iraq played a major role during the past years in revitalizing the Iraqi economy," noting that "the banking sector in Iraq is looking forward to increasing cooperation with the banking sectors in other countries and exchanging experiences between them in a way that serves both sides LINK
KTFA:
Samson: Governor: The Central Bank has played a major role in revitalizing the Iraqi economy over the past years
26th September, 2022
The Governor of the Central Bank, Mustafa Ghaleb Makheef, confirmed, on Monday, the aspiration of the banking sector in Iraq to increase cooperation with the banking sectors in other countries
And a statement from the Central Bank stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mekhif, received, on Monday, the Ambassador of the Czech Republic to Iraq, Peter Stepanek
Makheif stressed, according to the statement, "the strengthening of banking and economic relations between the two friendly countries
He stressed that "the Central Bank of Iraq played a major role during the past years in revitalizing the Iraqi economy," noting that "the banking sector in Iraq is looking forward to increasing cooperation with the banking sectors in other countries and exchanging experiences between them in a way that serves both sides LINK
Samson: Two suspects arrested for embezzling 417 million dinars at Basra University
26th September, 2022
The Investigations Department of the Integrity Commission confirmed, on Monday, that its staff were able to carry out two seizures of embezzlement and waste of public money with more than (400,000,000) million dinars in Basra Governorate
The authority said in a statement, that "the work team of the Basra Investigation Directorate, through investigations and audits, was able to monitor cases of fraud and embezzlement of public money in the College of Science at the University of Basra," noting that "the director of the audit department and the treasurer of the college were arrested for tampering with accounting receipts and embezzlement. An amount of (417,030,000) million dinars, and the seizure of (6) records of tampered accounting receipts
She explained that "the team that moved to Al-Zubair General Hospital revealed that the hospital had purchased a video endoscope in 2016 with its accessories, indicating that the device used to diagnose gastrointestinal diseases had not been entered into service so far, on the pretext that there was no specialist doctor available to work on it
The statement added, "This leads to the extinction of the device and the waste of public funds that were allocated to purchase it, as well as depriving the outpatients from benefiting from its services, which forced them to review private hospitals, and burden them with financial burdens LINK
************
Samson: The Board of Supreme Audit: Corruption has transformed from an individual case to an integrated system in Iraq
26th September, 2022
The Office of Financial Supervision confirmed today, Monday, that it has completed the examination of the final accounts of the 2015 budget and is now busy examining the data of the final account for the year 2016, while noting that corruption has transformed from an individual case to an integrated system in Iraq
The Deputy Chief of the Bureau, Abdul Karim Faris, said, in a statement during a workshop within the work of the Al-Rafidain Forum and followed by it (Baghdad today), that "the Bureau has not received the final accounts after 2016 from the Ministry of Finance so far, and this is considered a defect
He explained that "the Bureau created the Investigation Department to investigate the cases entrusted to it by the House of Representatives within the context of the Court's law
And Fares said, "Corruption in Iraq has shifted from an individual case to an integrated system, and our task lies in stopping financial waste and ensuring the disbursement of funds in the designated legal aspects and combating corruption LINK
************
Courtesy of Dinar Guru
Frank26 I'm looking forward to the government being announced...if we have a seated government, golly. Let's open up all the private banks around the world for the CBI...and then the dinar would just have to float. It hitches a ride with the dollar at 1 to 1 but then it de-pegs from it and it will determine if it wants to go in a basket at that time or not. I really don't know if they will but they probably will when they mature it to the $3+ range and that won't take long. Everybody wants to take this pretty girl out on a date...
Samson Article: "Parliamentary Finance: Reconsidering the dollar exchange rate is subject to political auctions" Quote: "Committee member Jamal Cougar told {Euphrates News} that "the issue of reconsidering the dollar exchange rate is not within the competence or powers of the Finance Committee, but it is related to the country's financial policy and therefore it is affiliated with the executive body and from the executive body, and it is an exclusive issue related to the Ministry of Finance and the Central Bank."
Iraq News Update on Iraqi Prime Minister UN Visit in New York City
Edu Matrix: 9-25-2022
The Global Financial System IS COLLAPSING. Take Action NOW To Protect Yourself. UPDATES!
Greg Mannarino: 9-26-2022
DJ, Pimpy and more...Monday Morning 9-26-2022
.DJ: DID YOU KNOW?
Recently tons of information has been pouring in regarding the GCR/RV/Historical Asset Redemption/QFS/NESARA/GESARA. This information is new but not new. Over the many years I have been involved with these initiatives the information is somewhat repetitive with a few new narratives being added or updated along the way.
In the past couple of weeks up to and including the writing of this post this is what’s floating around.
All 209 nations are said to be asset backed now
U.S. banks have already changed over to the USN.
The new global reset is said to be scheduled before the end of September (2022).
NESARA and GESARA will be announced before the end of September (2022)
DJ: DID YOU KNOW?
Recently tons of information has been pouring in regarding the GCR/RV/Historical Asset Redemption/QFS/NESARA/GESARA. This information is new but not new. Over the many years I have been involved with these initiatives the information is somewhat repetitive with a few new narratives being added or updated along the way.
In the past couple of weeks up to and including the writing of this post this is what’s floating around.
All 209 nations are said to be asset backed now
U.S. banks have already changed over to the USN.
The new global reset is said to be scheduled before the end of September (2022).
NESARA and GESARA will be announced before the end of September (2022)
The U.S went gold backed on Sept. 14th 2022
Generational trust accounts ( you can’t count the zeros in them) are being downloaded into various master accounts.
The QFS (Quantum Financial System) is now active, having integrated into the different tiers of banks.
The legacy financial instruments are being dissolved and replaced.
The current administration is attempting to take the USD to a digital currency (Not a good idea)
Take your money out of the banks, new laws state that once you deposit the money it belongs to the bank. (no such law exist)
There will be drastic food shortages in the near future so store up on your food supply.
The U.S. is to receive its own financial benefits (it must first pay its own debts that include Adjudicated and Fines penalty programs)
The bulk of this information explains it as happening now because of the end of the “Fiscal Year” ( Oct 1st to Sept 30th)In reality the “Fiscal Year” is a U.S thing and started with an act of Congress but 65% of the planet still operates off the Calendar Year (Jan 1st to Dec 31st). None of the above can be verified by the common person. These brush fires have been lit multiple times over the years followed by plausible excuses why it didn’t happen. Then new time frames and dates are mentioned and the cycle starts over again.
If everything stated above were to happen all at the same time, in the short period of time as mentioned, the world would fall into total chaos. This will be a process and the transitions will take place over a logical period of time for it to integrate properly.
This will happen because it has to not because we want it to. When it does there will be no gray area. It will be evident for all to see. There will be zero speculation or having to put the dots together to figure it out . Control your expectations, think positive but above all else be realistic.
I have said it before “ don’t tell me about the pregnancy SHOW ME THE BABY.
DJ
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=208214
*************
Courtesy of Dinar Guru
Frank26 I'm excited about the conditions in Iraq right now. They are the most peaceful conditions that I've seen in decades. They are the most cooperative. The most "Kumbaya". The most shoulder to shoulder. I've never seen such leadership coming from Iraq's leaders...They were always stealing from themselves because no body was stopping Iraq from stealing. Corruption spread within the Iraqi officials themselves...Turns out we do have leaders that care...the governor of the CBI, Kazemi the Prime Minister and Sadr...you're gonna find out dozens more that are going to be coming out of the woodwork very soon.
Breitling So where people are getting these negative vibes about Iraq - 1. You're wrong. 2. You're probably attaching it to, "I should be driving a Ferari right now." Don't do that because you're clouding your judgement with your feelings...Your timing and what you want has nothing to do with Iraq...If you're dragged down because of...the timing that's one thing but if it's some type of signal to you that the dinar is not going to revalue, you're wrong...I'm still excited about it. It is a very very good thing coming down the road...
Iraqi Dinar update for 09/25/22 - All around the world same song
Pimpy’s Investment Chat : 9-25-2022
Vietnam Dong update for 09/25/22 - Still stable and looking good
Pimpy’s investment Chat
Jim Rickards and Peter Schiff Sunday 9-25-2022
."The Worst Crash in Human History Has Begun" - Jim Rickards
Grow Dollars: 9-25-2022
Jim Rickards shares his thoughts about what's going on in the world. Supply chains, China, war in Ukraine, and Biden.
Rickards thinks the biggest tragedy at the moment is the Russia-Ukraine war. Jim talks about inflation and that most people understand inflation within their own economy. We are currently in a recession that is supported by economic data and Jim Rickards believes that the stock market is still overpriced and we have not yet seen the big stock market collapse that he expects.
He mentions Charlie Munger, Jeremy Grantham and Michael Burry are also seeing that the stock market bubble will pop. Jim Rickards shares some history of inflation in the 1970s and 1980s.
He questions if the current inflation situation is just the beginning and if we will get even worse inflation in the coming years.
"The Worst Crash in Human History Has Begun" - Jim Rickards
Grow Dollars: 9-25-2022
Jim Rickards shares his thoughts about what's going on in the world. Supply chains, China, war in Ukraine, and Biden.
Rickards thinks the biggest tragedy at the moment is the Russia-Ukraine war. Jim talks about inflation and that most people understand inflation within their own economy. We are currently in a recession that is supported by economic data and Jim Rickards believes that the stock market is still overpriced and we have not yet seen the big stock market collapse that he expects.
He mentions Charlie Munger, Jeremy Grantham and Michael Burry are also seeing that the stock market bubble will pop. Jim Rickards shares some history of inflation in the 1970s and 1980s.
He questions if the current inflation situation is just the beginning and if we will get even worse inflation in the coming years.
Fed’s Inflation Resolve Lifts Dollar and Sinks Stocks - Ep 843
Peter Schiff: 9-25-2022
· Huge job losses will lead to imploding earnings and exploding debt service costs.
· Gold proving to be an excellent store of value in many currencies.
· Fed will pivot to postpone financial crisis