Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

News, Rumors and Opinions Thursday AM 10-6-2022

.RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 6 Oct. 2022

Compiled Thurs. 6 Oct. 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

As of Tues. 13 Sept. the Federal Reserve and their Central Banks were bankrupt.

On Thurs. 22 Sept. the Iraqi Dinar revalued.

On Fri. 23 Sept. the Zim revalued.

On Sat. 24 Sept. the Global Currency Reset occurred when 50% of currencies worldwide collapsed against the US Dollar.

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 6 Oct. 2022

Compiled Thurs. 6 Oct. 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

As of Tues. 13 Sept. the Federal Reserve and their Central Banks were bankrupt.

On Thurs. 22 Sept. the Iraqi Dinar revalued.

On Fri. 23 Sept. the Zim revalued.

On Sat. 24 Sept. the Global Currency Reset occurred when 50% of currencies worldwide collapsed against the US Dollar.

A week later by Fri. 30 Sept. US Inc, United Nations, World Bank, IMF, British Crown and Vatican laundering of slush funds to the Cabal corporations of State Street, Vanguard and Blackrock stopped as the world pulled all credit from US Inc.

The next day on Sat. 1 Oct. the new Global Financial Fiscal Year began and Venezuela introduced their new gold/asset-backed Bolivar currency by dropping six zeros.

Two days later on Mon. 3 Oct. Iraq was celebrating release of their new Iraqi Dinar Rate, Iraqi Citizens in the US were exchanging their Dinar at the new rate and nineteen countries with HSBC banks were exchanging the Iraqi Dinar for Iraqi citizens. …Bruce

Global Financial Crisis:

Banking Crisis Looms: https://www.zerohedge.com/economics/banking-crisis-looms

Read full post here:  https://dinarchronicles.com/2022/10/06/restored-republic-via-a-gcr-update-as-of-october-6-2022/

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Courtesy of Dinar Guru

Mnt Goat   I know for a FACT that the project to delete the zeros is “on the table” meaning that the Central Bank has it on their plate to finally complete this project and issue the lower of the lower denominations besides the 250, 500 and 1000 notes already in circulation.  But they need legislation to do it thus they need a new functional government in place and a Financial Ministry and Financial Committee that supports doing the project and allocating funding to do it...There are also risks involved in undertaking any such project...  [post 1 of 2....stay tuned]

Mnt Goat  ...so the politicians in charge as a result of this election saga will have to be willing to take this risk and go ahead with it. ...this will prevent much of the ongoing corruption and theft of the CBI reserves from the Central Bank. In other words they will lose their golden goose that lays the golden eggs, in other words we cannot have newly elected politicians who are in on this same old game of theft... But the good news...is we are here now and all this corruption and those doing it are being exposed and challenged and so this is the time of change and it is coming...[post 2 of 2]

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KTFA:

Wagmister:  The undereducated Iraqi people need to learn to count all over.  Per Frank it’s new to them.  COINS might be the key to the RI.  Frank states they changed the rate 20 years, oops they are going to do it again, coins, coins and coins.  IMO  ….good thing Halloween is here and this nightmare, please come to a end, happy Groundhog Day!!!!

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Samson:  Oil: Iraq's exports will not be affected by the decision of OPEC Plus to reduce production

5th October, 2022

Wednesday, Oil Minister Ihsan Abdul-Jabbar Ismail confirmed that Iraq's exports will not be affected by the OPEC Plus decision to cut production

During his attendance at the forty-fifth meeting of the Joint Ministerial Monitoring Committee and the thirty-third ministerial meeting of the (OPEC Plus) group, which was held at the headquarters of the General Secretariat of the Organization of Petroleum Exporting Countries (OPEC), in the Austrian capital, Vienna, Ismail said that "the ministerial meeting discussed developments and challenges facing the oil market, and the consequences thereof, especially after the recent decline in oil prices and the instability of oil markets

The Minister of Oil stressed, according to the statement, "the keenness of the producing countries in OPEC and its allies from outside the organization to achieve more stability and balance between supply and demand
 
 Ismail indicated that “the ministerial meeting seeks and aims to achieve more stability and stability in the long term,” noting “the gains made by the OPEC Plus group in reaching and maintaining stability and balance for the oil markets, which was positively reflected on the economies of the producing countries, including them.” Iraq

The Minister of Oil pointed out that "the decision to reduce production came in line with the wise policy pursued by OPEC Plus during the past years, which is represented in "proactive" in precautionary measures to confront the fluctuations of the oil market. Ismail noted that "the ministerial meeting of "OPEC Plus" decided to reduce the total production by two million barrels per day, with the contribution of all producing countries, and according to the production levels required for each, as of next November 2022

He pointed out that "the decision aims to protect the oil markets from the negative effects as a result of the conditions and challenges facing global markets," noting that "Iraq aims to maintain its reference production level, which was set by the agreement of the member states in July 2021

Ismail indicated, according to the statement, that "Iraq's exports will not be affected by this reduction, as a result of managing internal consumption and in line with the decision to reduce production, in order to preserve the current export capabilities," expressing his hope that "this decision will return with more stability and balance to global oil markets, and to the economy." the National   LINK

Mummies And Ghouls! This Really Is A FReaK ShOW. (ECONOMY CONTINUES TO CRATER).

Greg Mannarino:  10-5-2022

https://www.youtube.com/watch?v=xl08gJzczlM

Where's All The SILVER Gone? | Alasdair Macleod

Liberty and Finance:  10-6-2022

Dealers across the metals industry are getting cleared out of physical product. "The demand is huge," says Alasdair Macleod, head of GoldMoney.com.

 Investors are also standing for delivery on the COMEX at record numbers. And the central banks are taking gold off the market.

Macleod says we're seeing the collapse of currencies worldwide, and this stampede into metals is just the beginning.

0:00 Intro

2:00 British pound

9:00 Bullion availability

10:30 Currency crises

19:40 Worldwide crisis

23:45 Inflation

31:28 Metals outlook

34:29 Rush into metals

https://www.youtube.com/watch?v=s2CcCGYj5O0

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Lynette Zang, George Gammon and Bix Weir Wednesday PM 10-5-2022

.LIVE Q&A with Lynette Zang & Eric Griffin

10-5-2022

Viewer Questions:

Question 1: 1:48 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 2: 6:26 After the reset, will any debt still exist? Will those of us holding mortgages, car loans, credit card debt before the reset still have it after?

Question 3: 17:14 How does raising rates, and having QE at the same time work? I believe this is what the BOE is currently doing.

Question 4: 21:08 What do you think will happen with gold after the digital currency will be announced?

LIVE Q&A with Lynette Zang & Eric Griffin

10-5-2022

Viewer Questions:

Question 1: 1:48 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 2: 6:26 After the reset, will any debt still exist? Will those of us holding mortgages, car loans, credit card debt before the reset still have it after?

Question 3: 17:14 How does raising rates, and having QE at the same time work? I believe this is what the BOE is currently doing.

Question 4: 21:08 What do you think will happen with gold after the digital currency will be announced?

https://www.youtube.com/watch?v=4MognEif0qY

Is This The Next LEHMAN BROTHERS!?! (It's Worse!)

George Gammon:  10-5-2022

https://www.youtube.com/watch?v=acVE2m1P4u0

ALERT! Silver Derivatives/Banks Exploding Around the World...NOT A BANG BUT A WHIMPER!

(Bix Weir)  10-5-2022

Credit Suisse and UBS seem to be trapped in a Counter Party Derivative mess!!

Don't worry, there's only about 1,250 banks in the US that will FAIL if the derivative market crashes!! GOT PHYSICAL SILVER?!

https://www.youtube.com/watch?v=l0tVTIfNfuk 

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

"This Time, the Entire System is at Risk" Kevin Wadsworth

.Kevin Wadsworth: This Time, the Entire System is at Risk

Palisades Gold Radio: Oct. 5, 2022

Tom welcomes back the Market Weather Forecaster Kevin Wadsworth. Kevin discusses his background in assessing systemic risks. He believes there are serious risks of systemic failure, particularly in Europe.

U.S. government debt is in a parabolic rise, and the math is starting to no longer add up. The cracks are forming in the foundations of the global central banking system.

Kevin shows off his US 10-Year yield chart, which demonstrates a forty-year historic trend shift. The various PPI charts for Europe are quite literally off the charts. Germany, Italy, France, Eurozone, and U.K. have all had massive rises in their producer price indexes which surpass all historic levels even wartime.

We are in uncharted waters.

Kevin Wadsworth: This Time, the Entire System is at Risk

Palisades Gold Radio:  Oct. 5, 2022

Tom welcomes back the Market Weather Forecaster Kevin Wadsworth. Kevin discusses his background in assessing systemic risks. He believes there are serious risks of systemic failure, particularly in Europe.

U.S. government debt is in a parabolic rise, and the math is starting to no longer add up. The cracks are forming in the foundations of the global central banking system.

Kevin shows off his US 10-Year yield chart, which demonstrates a forty-year historic trend shift. The various PPI charts for Europe are quite literally off the charts. Germany, Italy, France, Eurozone, and U.K. have all had massive rises in their producer price indexes which surpass all historic levels even wartime.

We are in uncharted waters.

There is a delay between PPI levels and consumer prices. This doesn't feel transitory, and who knows what the consequences will be. We've also had absolute chaos in the U.K. pound versus the dollar. The evidence is now suggesting that problems will begin appearing in the United States.

Whenever markets reach mainstream news headline levels, look for a coming reversal. The U.K. central bank has now restarted easing. Europe is seeing sky-high electrical prices, in part due to natural gas shortages. They are currently around seven times normal highs.

The government solution is to subsidize electricity and have the populace pay the excess cost back later on. We're guaranteeing future inflation. The U.K. has extremely limited storage capacity for natural gas. People need to be prepared for long power outages this winter. We could see a series of domino like systemic failures this winter.

History demonstrates that in a true large bear market, drops of 70-80% are normal. Hard assets are the place to be in this type of environment.

 He notes that Bitcoin has never been through a circular market downturn in equities. Should it break out above the 30-week MA and move up despite equity performance, that would be a good sign.

Short-term quick jumps like we just saw in silver are unlikely to mean that much. Investors need to be cautious and wait for the preponderance of the weight of evidence. There are multiple reasons why governments and central banks alike would want CBDCs, including control and ease of taxation.

Time Stamp References:

0:00 - Introduction

0:40 - Systemic Collapse Risk

4:58 - Yen & Pound Stability

7:00 - Rate Hikes & Yields

13:20 - European PPI Indexes

16:41 - Pound Vs. Dollar

20:45 - Electric & NatGas Prices

29:15 - Equity Markets

32:50 - Gold Vs. Equity Ratios

35:50 - Gold & Purchasing Power

40:14 - Cryptocurrencies

43:14 - Silver & Finding Bottoms

48:45 - Assessing CBDCs & News

54:50 - Wrap Up

Talking Points From This Episode

- The systemic risks are building in the global financial system and investors need to exercise caution.

 - PPI Manufacturing inflation indexes for Europe are quite literally off the charts.

 - His assessment of energy, equities, gold, Bitcoin and the potential for more inflation.

- Be cautious and wait for the significant evidence of market direction.

https://www.youtube.com/watch?v=7KP4TDoMPBQ

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

News, Rumors and Opinions Wednesday AM 10-5-2022

.RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 5 Oct. 2022

Compiled Wed. 5 Oct. 12:01 am EST by Judy Byington

Judy Note:

As of Tues. 13 Sept. the Federal Reserve and their Central Banks were bankrupt, allowing fiat currency to fail worldwide – that would soon cause the Stock Market to crash and create a total collapse of the Global Financial System.

To prevent that Global financial disaster, the long awaited Global Currency Reset happened on Sat. 24 Sept, while the new Global Fiscal Year began a week later on Sat. 1 Oct.

Meanwhile the 209 countries of the world who wanted to participate in the Global Currency Reset were required to get rid of dictatorships and become Independent Republics – including freeing the US of the foreign intervention present in all three levels of government, while the Chinese Communist Party converted to an Independent Republic – all of which was in the works.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 5 Oct. 2022

Compiled Wed. 5 Oct. 12:01 am EST by Judy Byington

Judy Note:

As of Tues. 13 Sept. the Federal Reserve and their Central Banks were bankrupt, allowing fiat currency to fail worldwide – that would soon cause the Stock Market to crash and create a total collapse of the Global Financial System.

To prevent that Global financial disaster, the long awaited Global Currency Reset happened on Sat. 24 Sept, while the new Global Fiscal Year began a week later on Sat. 1 Oct.

Meanwhile the 209 countries of the world who wanted to participate in the Global Currency Reset were required to get rid of dictatorships and become Independent Republics – including freeing the US of the foreign intervention present in all three levels of government, while the Chinese Communist Party converted to an Independent Republic – all of which was in the works.

Tues. 4 Oct. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#

All day yesterday Mon. 3 Oct. until 11 pm Iraqi time Iraq was celebrating release of their new Iraqi Dinar Rate.

Yesterday Mon. 3 Oct. Iraqi Citizens in the US were exchanging their Dinar at the new rate.

Yesterday Mon. 3 Oct. there were 19 countries with HSBC banks that were exchanging the Iraqi Dinar for Iraqi citizens.

Bond Holders were being told they would have access to their monies tomorrow Wed. 5 Oct.

Tomorrow Wed. 5 Oct. Tier4B should be notified and able to set redemption/ exchange appointments.

Today the Federal Reserve had administrative meetings, but they were all about being rolled up into the US Treasury. The Fed is officially Dead.

Read full post here:  https://dinarchronicles.com/2022/10/05/restored-republic-via-a-gcr-update-as-of-october-5-2022/

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KTFA:

Samson:  The Governor of the Central Bank of Iraq receives a delegation from the World Bank

5th October, 2022

Today, Wednesday, the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, received a delegation from the World Bank headed by the Regional Director of the Middle East Department, Mr. Jean-Christophe Cary.

During the meeting, they discussed the continuation of bilateral cooperation, enhancing financial inclusion and various projects to reform the banking sector, especially government banks. 

In this meeting, His Excellency reviewed the efforts of the Central Bank of Iraq in combating money laundering and terrorist financing, and the development projects launched by the Bank to move the wheel of the Iraqi economy.

Central Bank of Iraq Media Office   5 - October - 2022    LINK

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Samson:  Learn about the "most important" imports of Iraq from Russia

5th October, 2022

Fuel and wood materials were among the "most important" Iraq's imports from Russia during the year 2021, according to the trademap website, which provides a map of countries' trade for exports, imports, international demand, alternative markets and competitive markets.

And the website stated in a statistic and seen by Shafaq News Agency, that "Iraq imported from Russia during the past year 24 main commodities, with a financial value of 282.681 million dollars," noting that "the growth of imports from Russia decreased by 39% between 2017 to 2021."

He added, "Mineral fuel came first in Iraq's imports from Russia, with a value of 130 million dollars, followed by wood and its products, with a financial value of 54.5 million dollars, followed by iron and steel, with a value of 23 million dollars, and then grains with a value of 16 million dollars."

The website also indicated that "Iraq's exports to Russia amounted to 49 thousand dollars, indicating that "these exports increased by 23% between 2017 to 2021."

He stated that "Iraq's exports to Russia were concentrated in only three items, including fruits and edible nuts, with a financial value of 40 thousand dollars, followed by photography and visual products with a financial value of 6 thousand dollars, and then iron and steel products with a value of 3000 dollars."   LINK

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Courtesy of Dinar Guru

RVAlready   I think it is clear that, with the failure of the Iraqi political system, the UN will have to force them into a set of agreements. The UN has experience with these sorts of situations. They now have to decide what tools from their arsenal to bring to bear.

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:   Bank guy says there's too much turmoil right now.  It's too unstable he thinks for a major change.   Until something is settled about government...  FRANK:  ...We need a fully seated government.  I agree with that 100%.  That is where we are at...IMO a fully seated government is right around the corner.  It's very very close...

Will My Dealer Be There If COMEX Fails? | Andy Schectman

Liberty and Finance:  10-5-2022

What if COMEX fails? Andy Schectman, CEO & president of Miles Franklin, discusses how precious metals dealers may continue to function if such an event occurred. For now, supply of physical silver remains extremely tight. Wholesalers and retailers are getting wiped out of product. "I don't see this changing whatsoever heading into the end of the year," Schectman says. "This is going to be quite a bumpy fourth quarter for the metals market."

https://www.youtube.com/watch?v=ur5OaInwWsk

HYPER-INFLATION COMING! Money Velocity INCREASING RAPIDLY. Expect Inflation To SKYROCKET.

Greg Mannarino:  10-4-2022

https://www.youtube.com/watch?v=axgFdXTUvsM

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Chats and Rumors, Economics, Gold and Silver Deb Aspinwall Chats and Rumors, Economics, Gold and Silver Deb Aspinwall

Economists Views on Swiss Banks, Silver and Bonds Tuesday PM 10-4-2022

.Swiss Bank Falls, US Banks Next?

Heresy Financial: 10-4-2022

There's a lot of disagreement right now about the financial position and the health of Credit Suisse and whether or not they're about to fail and start taking down other banks with them and causing more and more problems.

So, I'm going to settle the debate for you and give you the answer on exactly the position that Credit Suisse is in right now and what people should be concerned about, how far things might go before somebody like a central bank steps in.

Swiss Bank Falls, US Banks Next?

Heresy Financial: 10-4-2022

There's a lot of disagreement right now about the financial position and the health of Credit Suisse and whether or not they're about to fail and start taking down other banks with them and causing more and more problems.

So, I'm going to settle the debate for you and give you the answer on exactly the position that Credit Suisse is in right now and what people should be concerned about, how far things might go before somebody like a central bank steps in.

Timecodes

0:00 Video Overview

0:25 Intro

0:33 Credit Suisse Fall Brings Turmoil

2:58 Asset to Equity Ratios

6:59 Feds Ability to Tighten Could be Getting Easier

10:21 Outro

https://www.youtube.com/watch?v=wW4XkW4n-4k

SILVER ALERT! END GAME! Commercials are Long, Inventories Disappearing, Huge Premiums!!

(Bix Weir)  10-4-2022

EVERYTHING is screaming End Game now in the Silver Markets! From the huge decrease in Silver Inventories, to the Huge premiums on retail silver, to the lack of COMEX deliveries to the most important thing to watch...THE COMMERCIAL SILVER TRADERS ARE NOW LONG SILVER!!

PS - The UN is now demanding PRICE CONTROLS! ...not with a Bang but a Whimper.

https://www.youtube.com/watch?v=0CzfNS56K4I

GLOBAL BOND YIELDS CRATER! The Stage Is Set And Central Banks Are Buying It All.

Greg Mannarino:  10-4-2022

https://www.youtube.com/watch?v=RoBzobqSpME

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Greg Mannarion and Clem Chmabers Economic Thoughts 10-4-2022

.The Death Of Paper Currencies | Gregory Mannarino

Liberty and Finance: 10-4-2022

The debt bubble is the greatest economic threat currently, says market trader Gregory Mannarino. Inflation continues to run hot as the bond market is experiencing increased volatility.

He says we're seeing the death of currencies.

At the end of the day, inflation is theft, taking purchasing power from the holders of cash. Central bank talk about raising rates is just a distraction, and efforts to cool inflation will not work, he says.

He expects a rush out of currencies and a rush into real assets like precious metals.

The Death Of Paper Currencies | Gregory Mannarino

Liberty and Finance:  10-4-2022

The debt bubble is the greatest economic threat currently, says market trader Gregory Mannarino. Inflation continues to run hot as the bond market is experiencing increased volatility.

He says we're seeing the death of currencies.

At the end of the day, inflation is theft, taking purchasing power from the holders of cash. Central bank talk about raising rates is just a distraction, and efforts to cool inflation will not work, he says.

He expects a rush out of currencies and a rush into real assets like precious metals.

Intro

1:15 Current market

7:35 Retirement

12:05 Money Markets

19:38 Inflation is theft

22:46 Dividends

24:43 Real estate

26:44 Silver manipulation

28:40 Mine nationalization

30:37 Holding cash

https://www.youtube.com/watch?v=hZUZVd3asNY

It's 'all over' for markets this week as the Fed announces 'pain' says investor in 100% crash

Kitco News:  10-3-2022

Clem Chambers, CEO of Online Blockchain, discusses his outlook on the markets with David Lin, Anchor for Kitco News.

0:00 - Market crash incoming

5:06 - Fed policy

7:00 - Valuations

8:51 - Bank of England

11:22 - Sovereign debt crisis

12:40 - Inflation

17:00 - Investment implications

18:35 - Stock market flat for next years

20:35 - Crypto

25:00 - Central bank confidence

26:54 - 100% crash

https://www.youtube.com/watch?v=1BbVVifk_Ho

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Judy, Frank26 and more.....Tuesday Morning 10-4-2022

.RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 4 Oct. 2022

Compiled Tues. 4 Oct. 12:01 am EST by Judy Byington

Judy Note: Be aware that my main high-up sources for Intel have been quiet for several weeks.

On Sat. 24 Sept. the Global Currency Reset occurred according to Charlie Ward

On Sat. 1 Oct. the new Global Fiscal Year began.

On that Sat. 1 Oct. Venezuela introduced their new gold/asset-backed currency and dropped 6 zeros. Before the adjustment, the highest denomination was a 1 million Bolivar Bill that was worth a little less than a quarter as of Thursday.

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 4 Oct. 2022

Compiled Tues. 4 Oct. 12:01 am EST by Judy Byington

Judy Note: Be aware that my main high-up sources for Intel have been quiet for several weeks.

On Sat. 24 Sept. the Global Currency Reset occurred according to Charlie Ward

On Sat. 1 Oct. the new Global Fiscal Year began.

On that Sat. 1 Oct. Venezuela introduced their new gold/asset-backed currency and dropped 6 zeros. Before the adjustment, the highest denomination was a 1 million Bolivar Bill that was worth a little less than a quarter as of Thursday.

https://www.livemint.com/news/world/venezuela-introduces-new-currency-drops-6-zeros-11633132271881.html

Sat. 1 Oct. Nick Fleming signed an NDA and canceled his calls as requested by the Military and those managing the RV. He was told, “Everything is starting. You need to be quiet.”

Sat. 1 Oct. MarkZ: “This morning Charlie Ward gave me a call to verify some of the Intel he was hearing from QFS contacts. They were saying the same as my contacts – that Tier 4B would be notified on Mon. 3 Oct. or Tues. 4 Oct.” (There was pressure for MarkZ to be quiet for the next three days).

On Mon. 3 Oct. there were reports that some US banks were not allowing customers to withdraw cash.

India: Banks were closed for the next 30 days.

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 at Redemption Centers (16,950 were in the US).

Judy Note: It was my understanding that once the 800s were out to set appointments Tier 4B would have twelve days to redeem Zim Bonds and exchange foreign currencies at the Special Rates at Redemption Centers, after which Redemption Centers would close, they could no longer redeem Zim Bonds and they would have to exchange foreign currencies at a bank at the going Forex Rates.

At the same time Tier4B were exchanging at Redemption Centers the General Public could exchange their foreign currencies at a bank using the going Forex Rates.

~~~~~~~~~~

Global Currency Reset and Restored Republics: (Some Intel from Thurs. 29 Sept. Juan O Savin, Veniamin call): https://forbiddenknowledgetv.net/juan-o-savin-with-nicholas-veniamin-cog-10-days-of-darkeness/

As of Tues. 13 Sept. the Federal Reserve and their Central Banks were bankrupt, allowing fiat currency to fail worldwide – that would soon cause the Stock Market to crash and create a total collapse of the Global Financial System.

There were two currency resets in play: the Quantum Financial System’s Global Currency Reset and the Cabal’s Great Reset planned to totally control the World’s people.

We are seeing the complete collapse of the US Dollar, and the Euro. Blackrock and Vanguard have both declared Bankruptcy. The banks are collapsing, the New World Order is collapsing and the World Economic Forum was about to collapse. …Charlie Ward, head of the Global Redemption Committee

Many banks will fail. You will think you have lost everything because you will not be able to get cash out of your bank for about ten days. Though, this was planned and you are covered. The new Quantum Financial System has your bank account mirrored.

By the next Mon. 19 Sept. the Alliance briefed Global Elites attending the funeral of Queen Elizabeth on the upcoming collapse of their governments and banking systems.

Thurs. Sept. 22 the Iraqi Dinar revalued.

Fri. Sept. 23 the Zim revalued.

Sat. Sept. 24 the Global Currency Reset occurred when 50% of currencies worldwide collapsed against the US Dollar.

Fri. 30 Sept. was the Vatican’s payment deadline for US Inc, United Nations, World Bank, and IMF. The US Inc, British Crown and Vatican laundering of slush funds to the Cabal corporations of State Street, Vanguard and Blackrock would now stop as the world pulls credit from US Inc.

Sat. 1 Oct. the new fiscal year began.

Sat. 1 Oct. Venezuela introduces new currency, drops 6 zeros. Before the adjustment, the highest denomination was a 1 million Bolivar Bill that was worth a little less than a quarter as of Thursday. https://www.livemint.com/news/world/venezuela-introduces-new-currency-drops-6-zeros-11633132271881.html

Sat. 1 Oct. Nick Fleming signed an NDA and canceled his calls as requested by the Military and those managing the RV because, “Everything is starting. You need to be quiet.”

Sat. 1 Oct. MarkZ: This morning Charlie Ward gave me a call to verify some of the Intel he was hearing from QFS contacts. They were saying the same as my contacts – that Tier 4B would be notified on Mon. 3 Oct. or Tues. 4 Oct.

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 were in the US).

At the same time Tier 4B was exchanging at Redemption Centers using the special rates the General Public could exchange at banks using rates as shown on the Forex.

The last week in October would experience a Communication Blackout with the EAS (Emergency Alert System) active.

If the US mainland were to come under missile attack, all military and government agency communications would be automatically rerouted to Cheyenne Mountain, effectively putting NORAD in charge and the US would be under military occupation. US’ Continuity of Government plans

Read full post here:  https://dinarchronicles.com/2022/10/04/restored-republic-via-a-gcr-update-as-of-october-4-2022/

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Courtesy of Dinar Guru:

Frank26  Community Comment  "Iraq is doing the same-old-same-old."  No.  I beg to differ with you in a polite manner...they have announced to the Iraqi citizens that they are going to float their currency at 1 to 1 pegged to the American dollar so they can go out international ...they've basically announced that they're Article VIII...  [Post 1 of 2....stay tuned]

Frank26  They've already announced they're going to be giving them a new currency and new exchange rate.  There's security and stability in their country like there's never been before and Iran is so scared they won't even pick up a rock to throw it anymore.  Obviously sir you do not know what you're talking about...  [Post 2 of 2]

So It Begins! CENTRAL BANKS BUYING HUGE AMOUNTS OF DEBT! And The Stock Market TAKES OFF.

Greg Mannarino: Oct 2, 2022

https://www.youtube.com/watch?v=2Oa3dzlT6SE

The U.S. dollar might CRASH. Here's how YOU can prepare.

Glen Beck:  Sept 30, 2022

The U.S. economy is in trouble, and Americans are feeling it. But thanks to central banks around the world, it’s not just the U.S. dollar facing a potential collapse.

In this clip, Glenn explains how the world’s central banks are ‘DESTROYING EVERYTHING.’

He explains how — even though it may seem like it’s gaining strength today — the U.S. dollar is facing a potential crash…a crash that could potentially turn America into Venezuela overnight. So, it’s best to prepare for all worst case scenarios NOW.

https://www.youtube.com/watch?v=71R6N7K2ytc

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

News, Rumors and Opinions Monday PM 10-3-2022

.KTFA:

Samson: Al-Sadr: Freedom from the corrupt is the true national day of Iraq

3rd October, 2022

The leader of the Sadrist movement, Muqtada al-Sadr, said on Monday that liberation from the corrupt is the true national day of Iraq.

Al-Sadr said in a tweet seen by Shafak News Agency, "Today is Iraq's National Day, so Iraq lived free, proud, independent and strong, and that Iraq's true national day is the day it was liberated from corruption and the corrupt, and the day of real reform without dependency, quotas, no experiment, no corruption, no external interference or militias."

He continued, "Rather, it is a blessed country, neither eastern nor western, whose light almost shines from the people's age and dignity."

Today, October 3, marks Iraq's National Day, the date of the country's accession to the League of Nations. LINK

KTFA:

Samson:  Al-Sadr: Freedom from the corrupt is the true national day of Iraq

3rd October, 2022

The leader of the Sadrist movement, Muqtada al-Sadr, said on Monday that liberation from the corrupt is the true national day of Iraq.

Al-Sadr said in a tweet seen by Shafak News Agency, "Today is Iraq's National Day, so Iraq lived free, proud, independent and strong, and that Iraq's true national day is the day it was liberated from corruption and the corrupt, and the day of real reform without dependency, quotas, no experiment, no corruption, no external interference or militias." 

He continued, "Rather, it is a blessed country, neither eastern nor western, whose light almost shines from the people's age and dignity."

Today, October 3, marks Iraq's National Day, the date of the country's accession to the League of Nations.  LINK

Samson: Al-Obaidi: We hope that our national day will be an anniversary of the evaluation of our political system

3rd October, 2022

On Monday, the head of the Parliamentary Security and Defense Committee, Khaled Al-Obeidi, expressed his wish that the National Day would be an annual commemoration of the evaluation of our political system. 

Al-Obaidi said in a tweet via Twitter, followed by "Mawazine News", "Congratulations to our people on the anniversary of Iraq's independence 90 years ago (October 3, 1932)."

Al-Obaidi noted, "We hope that our National Day will be an annual anniversary to assess the march of our political system and measure its ability to meet the people's demands for a free, dignified, secure and stable life. Everyone, without exception, will enjoy a state led by a rational and just national government that bears its responsibility before the Iraqis and carries their concerns away from foreign interference." 

Al-Obaidi concluded, "Every year and our Iraqi people are good, and our hope remains great for a better future."   LINK

************

Samson:  The return of storming banks in Lebanon 

3rd October, 2022

Today, Monday, a Lebanese depositor stormed the Bank of Lebanon and the Diaspora in the capital, Beirut, and was able to obtain his financial deposit.

The "Depositors' Scream" association said in a tweet on "Twitter" that "the depositor, Zaher Khawaja, released a sum of money of 11,750 dollars from Blom Bank, the Haret Hreik branch, and the remaining $ 750 for him in the bank."

The Lebanese Depositors Association reported that "four people, one of whom is the depositor, Zaher Khawaja, stormed the Haret Hreik branch of BLOM Bank and got their deposit ($11,000) and left before the army arrived. Meanwhile, the army is deployed in the area."

On September 16, Lebanon witnessed, and during the same day, about 7 raids of several banks, after which the Association of Banks announced the closure for 3 days due to security concerns.

During the past months, there were about 13 bank break-ins in Lebanon. The Association of Banks said that "continuing the policy of indifference means continuing the policy of storming banks."

Lebanon has been suffering from an economic crisis since the end of 2019, and the World Bank has ranked it among the worst in the world since 1850. The local currency (the lira) has lost more than 95% of its value against the dollar, and more than 80% of the Lebanese are below the poverty line. While the unemployment rate rose to about 30%, and inflation rates exceeded 100%.  LINK

************

DoTalkToMe:  The euro was pretty close to a crash and burn last week. Many currencies around the world are hoping for Iraq to come to their rescue.

So my ? Is will they rescue a corrupt failing monetary system. Or will they let a crash happen and restart it all again after the fallout and dust settles.

************

Courtesy of Dinar Guru

Walkingstick  [via Frank26]  Iraq is no longer a weak country, with a weak government, with a weak currency.  The IMF, AMF, World Bank are counting on the IQD as they count their new small category notes in their banks whether they be physical or electronical...

Sandy Ingram  Warning...When I traveled back to the mainland - Costa Rica gave me chills when it comes to finances.  At the international airport in San Jose Costa Rica they consistently announced if you were traveling with over $10,000 U.S. dollars or the equivalent you must report the monies.  If you do not report the funds and customs find the funds the entire amount will be confiscated with no possibility of the money being returned.  The Costa Rican government repeated the gist of this message over and over...If you must travel with cash, or IQD, travel with $9,000 USD or IQD equal to $9,000...

$36 Trillion Wiped Out! This Crash Will Be The Greatest Spectacle Of Our LifeTime

Michael Cowan:  10-3-2022

$36 Trillion & Counting The Banks Are In Big Trouble: It's Already Worse Than 2008!

https://www.youtube.com/watch?v=WaLLD2zI8Nw

October Stock Market Crash? THIS IS WHAT TO LOOK OUT FOR! Plus Important Updates.

Greg Mannarino:  10-3-2022

https://www.youtube.com/watch?v=hJqsxLbwpMM

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Judy, DJ and more....Monday Morning 10-3-2022

.RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 3 Oct. 2022

Compiled Mon. 3 Oct. 12:01 am EST by Judy Byington

Welcome to Red October!!!
Imminent
Bank Failures
Collapse of World Financial System, Economy and US Dollar
Tick Tock Patience.
Everything is in Place Including the Quantum Financial System.
Store at least 2-3 weeks of Food, Water, Cash, Essential Items

“I’m only responsible for what I say, not for what you understand.” …John Wayne

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 3 Oct. 2022

Compiled Mon. 3 Oct. 12:01 am EST by Judy Byington

Welcome to Red October!!!
Imminent
Bank Failures
Collapse of World Financial System, Economy and US Dollar
Tick Tock Patience.
Everything is in Place Including the Quantum Financial System.
Store at least 2-3 weeks of Food, Water, Cash, Essential Items

“I’m only responsible for what I say, not for what you understand.” …John Wayne

Judy Note:

A total collapse of the Global Financial System was occurring because of the bankruptcy of the Federal Reserve and their Central Banks on Tues. 13 Sept.

By 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.

Fri. 30 Sept. was the Vatican’s payment deadline for owners of US Inc, United Nations, World Bank, and IMF. The US Inc, British Crown and Vatican laundering of slush funds to the Cabal corporations of State Street, Vanguard and Blackrock would now stop.

Recent UN Emergency Meeting Announcement: The Iraqi Dinar revalued on Thurs. Sept. 22, the Zim revalued on Fri. Sept. 23 and the Global Currency Reset started on Sat. Sept. 24. when 50% of currencies worldwide collapsed against the US Dollar.

There were two currency resets in play: the Quantum Financial System’s Global Currency Reset and the Cabal’s Great Reset planned to totally control the World’s people that was ushered in with the Covid Virus and Vaccinations with their fiat Central Bank Digital Currency.

~~~~~~~~~~~

Charlie Ward:

The RV started on Sat. 24 Sept. when 50% of currencies worldwide collapsed against the US Dollar. The three major world currencies… the Euro, US Dollar, and UK Pound were now equal to each other. 

We are seeing the complete collapse of the US Dollar, and the Euro. Blackrock and Vanguard have both declared Bankruptcy. The banks are collapsing, the New World Order is collapsing and the World Economic Forum was about to collapse.

There were two resets in play: the Quantum Financial System and the Great Reset with it’s Central Bank Digital Currency – that was planned in order to totally control all of us.

As soon as the Quantum System gets a ‘Go’ the MedBeds will immediately come into play.

The pandemic was put into play to collapse the World Economy and usher in the Central Digital Currency.

We are not far away from a complete collapse of the Global Financial System. Many banks will fail. You will think you have lost everything because you will not be able to get cash out of your bank for about ten days. Though, this was planned and you are covered. The new Quantum Financial System has your bank account mirrored.

~~~~~~~~~~~

Sat. 1 Oct. White Hats Intel:

The collapse of Europe and world countries begin fast, steady uptick.

Pakistan collapse as prime minister resigns.

Siri Lanka collapse now hits over 70% inflation.

Venezuela collapse now hits over 75%

Yemen inside economic collapse as funding for military is at all time low and panic stricks.

Slovakia economy in collapse.

Germany warns of Blackouts and is deep inside the collapse (Blackouts will come from NO oil gas to produce Electricity for cell phone coverage of 84 million citizens)

27 countries around the World inside a collapse.

Read full post here:  https://dinarchronicles.com/2022/10/03/restored-republic-via-a-gcr-update-as-of-october-3-2022/

************

Courtesy of Dinar Guru

Frank26   Article:   "America and Britain: The "green events" cannot be allowed to happen again, and Iraq needs to form a government NOTICE THE CONCERN OF IRAQ INVESTORS... THEY CONSTANTLY REPEAT 'SIT YOUR GOVERNMENT PLEASE!' WHY?... BECAUSE THEY KNOW ALL THAT IS NEEDED FOR THE REFORM IS AN OFFICIAL GOV BY KAZEMI.

Breitling  Question:  "Don't shoot the messenger!  This concept is out there often - 'Iraq is in no position to float the Iraqi dinar because they are 90% dependent on oil and until they pass laws, diversify their economy, the central bank will not float the dinar.  This is going to take months or even years before they're in a position to begin to raise the value.'  What is wrong about that statement?It's completely backwards because what they need to do if they want to diversify is to add value to the currency...they can't diversify without a currency...

DJ: DID YOU KNOW?

Oct 2nd Post 2022 (Fund distribution explained)

How are the funds generated for a GCR/RV? Private Placement Programs or PPP is one way. First off trade platform can only trade cash. An investor puts up the cash for the trade. The cash is blocked and a mirrored account is set up reflecting the blocked funds. ( Block funds means the cash can’t be used for a defined period of time). The bulk of the proceeds from a trade must go to an approved project. Once the project is saturated (paid for) the trade stops. This is why platforms are constantly looking for projects. There are more details on how it works but that’s the gist of it.

Another source is generational accounts. In some cases these accounts date back centuries. These accounts have piled up over the years and have reached enormous amounts. Only a portion of these funds are in the monetary system.

They will be released into the system in a methodical manner so as not to cause drastic economic impact. Think of it as the same as printing money. Money supply has to be controlled. Overprinting is the recipe for inflation. Or too much money and not enough goods, prices get driven up. These old money’s also have a project requirement attached to them.

Historical Assets are another way. These historical assets are a financial instrument. And like all financial instruments they are backed either by hard assets (Gold, or other precious metals) or guarantees. Guarantees from sovereigns or legacy financial institutions. In order to reallocate the values attached to these instruments or release the guarantees, the instruments original obligations must be satisfied.

The old moneys’ will have project requirements attached to them. The new moneys’ I.E. Zim, Dong , Dinar, Rupiah etc., won’t have project requirements (unless they are backed by the old assets). While no project requirement may be attached to the funding, how the funds are distributed into the economy will have restrictions. These funds must be spent on goods and services.

The asset values ( say gold) are allocated to these funds but the values are not applied. As the funds leave the account for the purchase of the goods or services, the allocated values are applied. You won’t be able to pull $500 million out in cash or sponsor an election. Gotta buy something. This controls release of funds relative to GDP.

The Iraqi Dinar (RV) stands on its own. When a country enters into a war its currency is pretty much devalued down to nothing. For a country to print its own currency it must be accepted by the global community. So the government of the country must be stable and functional to establish the good faith of their country.

Basically the rest of the world has to have faith they pay their bills and obligations. Iraq has a large deposit of gold that is being held in Switzerland and will only be released once they have their affairs in order and can show stability. They also have their natural resources that can be used to back their currency Then their currency will either be “re-instituted” meaning re-institute its original value or revalued (RV) based on its current economic status and GDP.

This is an elevator explanation of things and is way more complex with a multitude variables but that’s the gist of it.

DJ  https://www.rumormillnews.com/cgi-bin/forum.cgi?read=208656

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

More News, Rumors and Opinions Sunday Night 10-2-2022

.TNT:

Tishwash: Sadr's deputy resigned: The session to choose the president will be the 'last fight'

On Sunday, a resigned Sadrist deputy spoke of closing the "page of consensus and quotas forever", in the event of a session to select the President of the Republic and assign the Prime Minister.

The resigned Sadrist MP, Haider al-Muhammadawi, said in a blog post followed by "Nass" (October 2, 2022), that "the session for selecting the President of the Republic and assigning the Prime Minister, will be decisive (the last fight)."

He added, "We will fold the record of consensus and quotas forever." link

TNT:

Tishwash:  Sadr's deputy resigned: The session to choose the president will be the 'last fight'

On Sunday, a resigned Sadrist deputy spoke of closing the "page of consensus and quotas forever", in the event of a session to select the President of the Republic and assign the Prime Minister.  

The resigned Sadrist MP, Haider al-Muhammadawi, said in a blog post followed by "Nass" (October 2, 2022), that "the session for selecting the President of the Republic and assigning the Prime Minister, will be decisive (the last fight)."  

He added, "We will fold the record of consensus and quotas forever."  link

Tishwash:  Gulf central banks are looking into payment systems

The GCC Central Bank Governors Committee held its 79th meeting, in Dammam, Kingdom of Saudi Arabia, headed by Dr. Fahd bin Abdullah Al Mubarak, Governor of the Saudi Central Bank - Chairman of the current session.

At the meeting, the members of the committee discussed a number of important topics related to cooperation in the monetary field, including the recommendations of the committees and working groups under the supervision of the Committee of Governors concerned with issues of payment systems in the GCC countries and issues of supervision and control of the banking system in the GCC countries, and topics of techniques in the field of the financial sector in the GCC countries.

 The council and complementary initiatives in this field. The committee discussed the exchange of cyber security information for the banking sector, and the efforts made by the GCC states in the framework of combating money laundering and terrorist financing and other issues of monetary and banking concern.

The meeting was attended by Ibrahim Al Zaabi, Assistant Governor for Monetary Policy and Financial Stability at the Central Bank of the UAE, Rashid Mohammed Al Maraj, Governor of the Central Bank of Bahrain, Taher bin Salem bin Abdullah Al Omari, CEO of the Central Bank of Oman, and Sheikh Bandar bin Mohammed bin Saud Al Thani, Governor of the Central Bank of Oman. Qatar Central Bank, and Basil Ahmed Haroun, Governor of the Central Bank of Kuwait, with the participation of Dr. Nayef Falah Mubarak Al-Hajraf, Secretary General of the Cooperation Council for the Arab States of the Gulf.

The committee was also briefed on the most important developments and developments regarding the stages accomplished by the Monetary Council during the last period, in addition to reviewing the latest monetary and financial developments in the GCC countries.  link

************

Courtesy of Dinar Guru

Frank26  When the new small category notes come out there's going to be a 1, 5, 10, and 20 dinar...and a 50 and 100...later the fils will come out.  This [new] 20K is a 3 zero note that is educating the citizens of Iraq of their currency changing right before their eyes.  This had to happen...  

MilitiaMan  We have been told over and over that the CBI has upwards of 90 -145 billion in $ reserves and over 130 tonnes of gold. The border income may match or exceed Iraq's oil revenues. Add in the Natural Gas deals? You get the picture. The new notes expected will be supported by all that aforementioned and the private sector once the re [RI?] construction process begins...we know what the CBI is about to do, or they wouldn't be talking about deleting the three zeros from the exchange rate now would they?

************

Meltdown Monday Coming?

by quoth the raven

Sunday, Oct 02, 2022 - 9:31 Submitted by QTR's Fringe Finance

Hold on tight. This weekend there's already been talks of an emergency Fed meeting on Monday and questions about Credit Suisse's liquidity making their way around social media.

What a week last week was: the Bank of England capitulates and heads back to quantitative easing on Wednesday, then Putin comes out Friday to let us know that he’s “ready for talks”, but also that the West is being led by “satanism” and that now seems like a great time to remind the world that the U.S. was the first country to ever use nuclear weapons.

How the hell are you even supposed to digest what this means for markets?

“How much worse can it get,” many of you are likely asking after Friday’s close. After all, the market is down 8% this month alone and and the NASDAQ, S&P and Dow are down -32%, -24% and -20% year-to-date, respectively.

The answer to the completely made up question I imagined you asking to yourself moments ago is this: If the Fed continues to hold course and posture the way it has, it can get much, much worse.

Read full post here:   https://www.zerohedge.com/news/2022-10-01/meltdown-monday-coming

************

MARKETS A LOOK AHEAD: Global Currency Collapse Will Get MUCH Worse.

Greg Mannarino:  10-2-2022

https://www.youtube.com/watch?v=biBdlO1pMzA

From Recaps Archives:

The "Hidden Secrets of Money" series by Mike Maloney

Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney https://youtu.be/DyV0OfU3-FU?t=1

Seven Stages Of Empire - Hidden Secrets Of Money Episode 2 - Mike Maloney https://youtu.be/EdSq5H7awi8?t=1

This Timeline Shows The Death Of The US Dollar As World Reserve - Hidden Secrets Of Money Episode 3 https://youtu.be/y-IemeM-Ado?t=1

The Federal Reserve: Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4 https://youtu.be/iFDe5kUUyT0?t=1

Where Does Money Come From? - Hidden Secrets Of Money Ep 5 - Mike Maloney https://youtu.be/OQWMd_NPSBA?t=1

Top 4 Reasons For Deflation BEFORE Hyperinflation - Hidden Secrets Of Money Episode 6 (Mike Maloney)  https://youtu.be/8GP87dgTqF8?t=1 

The Money Illusion - Hidden Secrets Of Money Episode 7 - Mike Maloney https://youtu.be/P4_1pwsm5LY?t=1

From Bitcoin To Hedera Hashgraph (Documentary) Hidden Secrets Of Money Episode 8 https://youtu.be/SF362xxcfdk?t=1

Fall Of Empires: Rome vs USA (Hidden Secrets Of Money Ep 9)  https://youtu.be/OuOcnGAv4oo?t=1

American Bread & Circus (Hidden Secrets Of Money Ep 10)  https://youtu.be/fiCKf7hfagk?t=1

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Advice, Economics, Personal Finance, Simon Black DINARRECAPS8 Advice, Economics, Personal Finance, Simon Black DINARRECAPS8

“The Most Impressive Failure Of His Time”

.“The Most Impressive Failure Of His Time”

Notes From the Field By Simon Black September 30, 2022

Lately we’ve been led astray over and over again by supposed ‘experts’ with decades of experience who can’t seem to stop making colossal mistakes. But I’m not just talking about individuals. I’m talking about institutions too.

And one institution in particular that’s been an abject failure lately has been the central bank. That includes the Federal Reserve in the United States, the Bank of England in the UK, and more.

“The Most Impressive Failure Of His Time”

Notes From the Field By Simon Black  September 30, 2022

Lately we’ve been led astray over and over again by supposed ‘experts’ with decades of experience who can’t seem to stop making colossal mistakes.  But I’m not just talking about individuals. I’m talking about institutions too.

And one institution in particular that’s been an abject failure lately has been the central bank. That includes the Federal Reserve in the United States, the Bank of England in the UK, and more.

The Federal Reserve, for example, despite its leaders’ decades of experience, completely failed to predict that their policies over the past few years would have any consequences. It’s extraordinary.

These people honestly thought that they could print trillions of dollars, keep interest rates at 0%, and that there would never be any consequences until the end of time.

And then, when inflation began to take hold last year, they failed to recognize it. They chastised people who pointed it out.

Later, when they finally did acknowledge inflation, they insisted it was transitory. And then when they ‘retired’ the term transitory, they promised to do something about the growing inflation problem… eventually.

Finally, in March 2022, they made a very ceremonial 0.25% interest rate increase. File that away under “too little, too late”.

But now their tune has changed. Now their policies smack of panic and desperation, and they sound like they’re running around with their hair on fire with no clue what to do next.

It hardly inspires confidence.

Earlier this week we saw another example.

The Bank of England made a stunning announcement that they would step in to prop up their rapidly-declining bond market. Investors around the world cheered the news, and global financial markets surged.

The euphoria lasted about 24 hours.

The next day, markets tanked again as investors realized, “Hang on… I don’t believe these people.”

Central banks have enjoyed unparalleled respect and gravitas for the past 30 years; going back to Alan Greenspan in the 1990s, central bankers have been viewed as infallible superheroes who always know what to do.

Now they just look like a bunch of amateurs.

In today’s podcast, I walk through my analysis about what might happen next. Specifically, I argue why I think there’s NO WAY they’ll follow through on their interest rate increases. Simply put, continuing to do so will bankrupt their governments.

Ultimately this means that inflation, at least some inflation, is here to stay. And I also discuss a couple of key asset classes, plus one surprising country, that can do well in this mess.

Click here to listen.

 

To your freedom,  Simon Black,  Founder, SovereignMan.com

https://www.sovereignman.com/podcast/the-most-impressive-failure-of-his-time-37685/

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