News, Rumors and Opinions Wednesday AM 10-19-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 19 Oct. 2022
Compiled Wed. 19 Oct. 12:01 am EST by Judy Byington
Recent History of the GCR:
From Tues. 13 Sept. onward the Federal Reserve and its Central Banks were bankrupt. Each person in that old system has their fully funded account transferred to the new Quantum Financial System (QFS) backed by gold/ asset-backed currencies of 120 nations.
On 24 Sept. 2022 the Revaluation (RV) of world currencies officially began when the Pound, Euro and US Dollar came to parity with each other.
As of Sat. 8 Oct. the new US Note (USN) was physically present in all US banks.
The US Dollar was gold-backed as of 11 Oct. (Allegedly)
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 19 Oct. 2022
Compiled Wed. 19 Oct. 12:01 am EST by Judy Byington
Recent History of the GCR:
From Tues. 13 Sept. onward the Federal Reserve and its Central Banks were bankrupt. Each person in that old system has their fully funded account transferred to the new Quantum Financial System (QFS) backed by gold/ asset-backed currencies of 120 nations.
On 24 Sept. 2022 the Revaluation (RV) of world currencies officially began when the Pound, Euro and US Dollar came to parity with each other.
As of Sat. 8 Oct. the new US Note (USN) was physically present in all US banks.
The US Dollar was gold-backed as of 11 Oct. (Allegedly)
Tues. 18 Oct. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
Med Beds were supposed to roll out by the Military in the second week of November.
Contacts in Iraq say celebrations were going on in behalf of their new government and Dinar Rate.
At least half of the new USN was backed by gold, with the other half backed by other assets.
50% of 203-206 countries’ currencies across the globe were now gold/asset-backed.
HSBC, Wells Fargo, Truis and Santander Banks will be redeeming Zim.
All 50 US states will have Wells Fargo in charge of the Zim redemption.
In the first sixty days and for use in your projects, four billion dollars (per LLC) can be taken from your Quantum account and transferred to your secondary primary bank accounts with Wells Fargo. You will earn interest on what was in those secondary accounts. No interest would be paid on monies in the Quantum account.
An HSBC contact indicated that this could go sometime between tonight Tues. 18 Oct. and next Sun. 23 Oct.
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The Exchange Stabilization Fund (ESF) was a $10-$12 million structure that the Deep State used to control the Bond, Currency and Stock Markets and they were losing control of it. For instance, South Korea has huge conglomerates which were dumping US Treasury Bonds and buying gold. The Press was not informing Americans about what was going on with this Financial Crisis that was at least three to five times bigger than the Lehman Brothers implosion. The mayhem Lehman unleashed in 2018 was the most terrifying moment for business and the US Economy since the Great Depression.
Read full post here: https://dinarchronicles.com/2022/10/19/restored-republic-via-a-gcr-update-as-of-october-19-2022/
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Courtesy of Dinar Guru
Frank26 Article: "The coordinating framework reveals to Nina the features of the new government formation and the date of granting it confidence" They said 14 [days] then they said 10 days and I said 8 days would be enough. What did they say in this article? 8 days. Quote: "In all cases, next Monday we will have a new Iraqi government"
Mnt Goat Article: "FOR THE FIRST TIME IN ITS HISTORY, BANK DEPOSITS IN THE CENTRAL BANK APPROACH 180 TRILLION DINARS" Quote: "...“The value of the issued currency remained within the barrier of 82 trillion dinars, representing 47% of the total liabilities of the Central Bank" So, again they are telling us the amount of dinar now in circulation which is 82 trillion dinars (or about 82 billion US Dollars worth.) ...they kept telling us in the past they could not get the peoples money in the banks. So now we know this is not entirely true and they are having some success in doing so and this is the proof as 180 trillion nor about 180 US Dollars in the banks is not that shabby. I would call this program VERY successful!
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Wolverine
The Engine will start this Thursday. They have given the Green Light.
God bless you guys. Remember lift up your vibrations and be good.
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Greg Hunter...Weeks Away from Whole ****house Coming Down – Bill Holter..
Greg Hunter: Oct. 18, 2022
Join Greg Hunter as he goes One-on-One with financial writer and precious metals expert Bill Holter
https://rumble.com/v1on8xs-weeks-away-from-whole-shithouse-coming-down-bill-holter.html
Stocks, Bonds & Real Estate To Implode...Gold & Silver To Rescue
Mike Maloney: 10-18-2022
Join Mike Maloney in today’s update featuring an update on the ‘Almost Everything Bubble’, as well as Mike’s latest thoughts on gold, silver and the US dollar - where are they headed?
Prepare Yourselves Now! CENTRAL BANKS ARE DELIBERATELY BREAKING THE GLOBAL ECONOMY.
Greg Mannarino: 10-18-2022
How Foreign Exchange Affects the Economy
How Foreign Exchange Affects the Economy
by Kofi Bofah Published on 26 Sep 2017
Foreign exchange identifies the process of converting domestic currency into international banknotes at particular exchange rates. These transactions present distinct ramifications for the global economy. Foreign exchange rates affect international trade, capital flows and political sentiment. Further, you should work to understand the economic risks associated with foreign exchange and globalization, prior to coordinating financial decisions.
Identification
Foreign exchange rates describe valuations for domestic currency, which describe the economic and political standing of your home nation. Low exchange rates may signal recession and political instability. Alternatively, strong exchange rates often serve as an indicator of favorable commercial conditions for a particular country.
How Foreign Exchange Affects the Economy
by Kofi Bofah Published on 26 Sep 2017
Foreign exchange identifies the process of converting domestic currency into international banknotes at particular exchange rates. These transactions present distinct ramifications for the global economy. Foreign exchange rates affect international trade, capital flows and political sentiment. Further, you should work to understand the economic risks associated with foreign exchange and globalization, prior to coordinating financial decisions.
Identification
Foreign exchange rates describe valuations for domestic currency, which describe the economic and political standing of your home nation. Low exchange rates may signal recession and political instability. Alternatively, strong exchange rates often serve as an indicator of favorable commercial conditions for a particular country.
Exchange rates directly impact international trade. Low exchange rates support tourism and the export economy. At that point, domestic goods become less expensive for foreign buyers. Domestic consumers, however, prefer higher exchange rates. Consumers then have more purchasing power to spend on imported goods.
Features
Foreign exchange rates influence capital flows, or investment funds that move into and out of a country. Nations with rapidly deteriorating currency values are less attractive to foreign investors. At that point, foreigners liquidate their stocks, bonds, and real estate, because these assets are losing purchasing power relative to competing investments in other currencies and countries.
International savers prefer to purchase investments in countries that feature stable and appreciating exchange rates. Foreigners are more comfortable making overseas financial commitments when they feel that value will be preserved--as international profits are eventually converted back into their home currency.
Considerations
Foreign exchange rates carry important political implications. Citizens may point to unfavorable exchange rates and trade imbalances as signs that politicians currently in office are mismanaging the economy. Voters will then agitate for economic reforms and changes in leadership. Politicians may react by proposing domestic tax cuts, while legislating for import duties and quotas designed to protect the economy at home.
Benefits
To continue reading, please go to the original article here:
https://bizfluent.com/about-7254089-purpose-foreign-exchange-market.html
More News, Rumors and Opinions Tuesday Afternoon 10-18-2022
KTFA:
Samson: No invitations for American officials to participate in Davos in the desert... a sign of great disagreement
17th October, 2022
No invitations will be sent to US government officials to attend a Saudi investment conference called (Davos in the Desert) to be held at the end of this month, the director of the organizer said Monday, pointing to the unwillingness for the gathering to become a political platform.
The decision not to invite US officials, in contrast to previous years, comes with the escalation of tension between partners Washington and Riyadh over the recent decision of the Saudi-led OPEC Plus to reduce oil production by up to two million barrels per day, starting in November.
KTFA:
Samson: No invitations for American officials to participate in Davos in the desert... a sign of great disagreement
17th October, 2022
No invitations will be sent to US government officials to attend a Saudi investment conference called (Davos in the Desert) to be held at the end of this month, the director of the organizer said Monday, pointing to the unwillingness for the gathering to become a political platform.
The decision not to invite US officials, in contrast to previous years, comes with the escalation of tension between partners Washington and Riyadh over the recent decision of the Saudi-led OPEC Plus to reduce oil production by up to two million barrels per day, starting in November.
As many as 400 CEOs of US companies are expected to participate in this year's edition, said Richard Attias, CEO of the non-profit organization that organizes the Future Investment Initiative, according to Agence France-Presse. The initiative, a three-day conference scheduled to begin October 25 in Riyadh, usually attracts Wall Street giants and high-ranking officials from around the world.
Steven Mnuchin, who served as Treasury Secretary under former US President Donald Trump, addressed the conference in its first edition in 2017, before announcing his withdrawal from participation the following year amid global outrage over the killing of Saudi journalist Jamal Khashoggi.
Last year's edition was attended by Don Graves, Deputy Secretary of Commerce under current US President Joe Biden, and in response to a question about representing the United States this year, Atias said we did not invite any US government officials. “We don’t invite a lot of politicians...because I realized that when you have political leaders on the platform, the media attention, let’s be very frank, gets diverted to the political agenda, and we don’t want the FII to become a political platform,” he added.
Atias said earlier in a press conference that more than 12 ministers of economy and finance will attend this year's edition. He also left the door open to the possibility of heads of state attending, saying: We will know in a few days who are the heads of state who are 100% sure to attend.
The Institute for the Future Investment Initiative headed by Attias is not officially associated with the Saudi government, but the annual conference in Riyadh is closely linked with Saudi Crown Prince Mohammed bin Salman, the de facto ruler of the kingdom.
In recent days, Saudi Arabia rejected US accusations that it sided with Russia in the Ukraine war by reducing oil production to raise black gold prices, and insisted that the decision was purely economic.
In a written speech on Sunday evening, Saudi King Salman insisted that his country is working hard, within its energy strategy, to support the stability and balance of global oil markets. Atias said he did not expect the dispute between Riyadh and Washington to affect the conference this year.
No effect whatsoever, Attias said. On the contrary, we see more demand from the private sector in the United States to attend the Future Investment Initiative, adding that the organizers have started rejecting some applications due to the lack of vacancies. He added: We do not practice politics at all. He continued, “We have never been in politics since our inception in 2017 (but) if people want to talk about geopolitics during the debate they are free to do so. LINK
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TNT:
Chevy: TWEET FROM TONY: OFFICIALLY.. NEXT SATURDAY IS SET AS A DATE FOR VOTING ON THE SUDANESE GOVERNMENT THE STATE ADMINISTRATION COALITION HAS SET, NEXT SATURDAY, AN OFFICIAL DATE FOR VOTING ON THE NEXT GOVERNMENT. TNT Tony #wearethepeople 10/18/22, 7:05 AM
Golferiam: I may have missed it earlier, but what has the Sudan government got to do with anything?
Yada: This is the Sudani the Prime Minister’s government they are referencing.
Plansguy1: Can someone explain what this tweet has to do with the RV??
Yada: We already have the President voted and sworn in. Now the new PM, along with his cabinet, will be voted in on Saturday. Once done, the rate will be released by the CBI. imo
RVAlready: I think this is a done deal. If not done soon, the UN could take action as already discussed.
Alf: And they ain't looking to go into a chapter #7 again or to lose control! !
SueMC: Personally, I hope that Sadr holds off for the 6 months that he said he would. However, for the people of Iraq I am sad that the same old people who have defrauded their country for years are getting into office again. We can only hope that Sudani does a fraction of what he said he would do in his speech.
RoraH: suemc...I agree with you 100%...with the caveat that the RV happens within those 6 months..er...6 weeks...or maybe even 6 days!!!
Yada: 6 days,,,
RVAlready: Yada, yep
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Courtesy of Dinar Guru
Frank26 Article: "The Central Bank of Iraq obtains an international certificate in cash management". AGAIN THE INTERNATIONAL COMMUNITY AND THE CBI ARE ONE IN THEIR GOALS.
Samson Article: "Parliamentary Investment: Iraq has a financial abundance of more than 86 billion dollars" Quote: "Iraq has a financial abundance of more than 86 billion dollars and does not need aid, and thus Iraq's economic strength has become very large, as Iraq, for the first time since the establishment of the Iraqi state until now, has financial abundance that neighboring countries do not possess,"
Global Markets Preparing for '1929-Like Scenario' | Bloomberg Intelligence
Stansberry Research:
"It's hard for the Fed to be much more aggressive than the are with the world tilting toward recession," says Mike McGlone, commodities strategist at Bloomberg Intelligence.
He says this a 1929-like scenario for international markets, and tells our Daniela Cambone that a bear market is now mainstream. Monetary supply is plunging for the U.S., which he says is a key indicator to pay attention to. Gold under the lens of other currencies besides the U.S. dollar is, "doing what it should be doing and protecting wealth."
McGlone concludes that other assets like bitcoin are at their most significant discount in a while, which he believes will cause the digital token to climb to $100,000 per coin.
STOCK MARKET ALERT: Is The Bottom In? DON'T COUNT ON IT! And This Is Why...
By Gregory Mannarino: 10-18-2022
News, Rumors and Opinions Tuesday AM 10-18-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 18 Oct. 2022
Compiled Tues. 18 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. evening 17 Oct. MarkZ: Bond Holders were expecting to be made liquid on Mon. 17 Oct. or Tues. 18 Oct. It’s been very quiet today. My bond folks did some updating of paperwork today as they were being told this was absolutely, undoubtedly, hands down their week.
They would be at home with not 1 or 2 percent, but 100% liquidity of their funds. This was important. I have gotten this from a couple different bond sources now.
They were being told this was not “the boy who cried wolf,” but this was it. So, cross your fingers and pray that it is.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 18 Oct. 2022
Compiled Tues. 18 Oct. 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. evening 17 Oct. MarkZ: Bond Holders were expecting to be made liquid on Mon. 17 Oct. or Tues. 18 Oct. It’s been very quiet today. My bond folks did some updating of paperwork today as they were being told this was absolutely, undoubtedly, hands down their week.
They would be at home with not 1 or 2 percent, but 100% liquidity of their funds. This was important. I have gotten this from a couple different bond sources now.
They were being told this was not “the boy who cried wolf,” but this was it. So, cross your fingers and pray that it is.” https://dinarrecaps.com/our-blog/monday-evening-news-with-markz-10-17-2022
Tier 4B (Us, the Internet Group) was expected to receive notification to set exchange and redemption appointments within 72 hours after Bond Holders had their liquidity.
There were 120 countries (over 50% of the world’s currencies) on the brink of bankruptcy which have joined the BRICS Alliance nation-states.
This was considered the death of the Central Bank and the fiat US Dollar – and only a Global Currency Reset could save our global economy.
From Tues. 13 Sept. onward the Federal Reserve and its Central Banks were considered bankrupt. Each person in that old system has already had their fully funded account transferred to the new Quantum Financial System (QFS).
Right now that QFS was the only operating financial system in the world. The only currencies that could be entered into the QFS had to be gold-backed.
The Revaluation (RV) of world currencies officially began 24 Sept. 2022 when the Pound, Euro and US Dollar came to parity with each other.
Around the first of Oct. 2022 the Cabal (Chinese Communist Party/ Rothschilds/ Rockefellers/ Vatican/ Blackrock and DAVOS Group) missed a chance to take over BRICS and the Global Currency Reset in which more than half of the world’s currencies were now a part.
As of Sat. 8 Oct. the new US Note (USN) was physically present in all US banks.
The US Dollar was gold-backed as of 11 Oct.: https://dinarchronicles.com/2022/10/16/dollar-gold-backed-as-of-oct-11-by-rebecca-jr-10-16-22/
The Federal Reserve has posted its first operating loss. The only other time the Federal Reserve System had an operating loss was in 1915! The Feds killed to have their unconstitutional Central Banking system in play since 1913! We have been slaves to their system! Now the Feds are facing it’s first operating loss in 107 years!! It’s just a matter of time before this corrupt private entity goes kaput! https://capitalfxinvestment.com/2022/10/11/the-us-federal-reserve-reports-an-operating-loss-for-the-first-time-in-a-long-time/
Read full post here: https://dinarchronicles.com/2022/10/18/restored-republic-via-a-gcr-update-as-of-october-18-2022/
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Courtesy of Dinar Guru:
Frank26 Article: "The Central Bank of Iraq obtains an international certificate in cash management". AGAIN THE INTERNATIONAL COMMUNITY AND THE CBI ARE ONE IN THEIR GOALS.
Clare Article: "Iraq tops the list of Arab countries with economic growth for 2022" Quote: "Iraq is heading towards achieving the highest economic growth rate among the Arab countries for the year 2022 by 9.3%, half a percentage point higher than April's expectations, taking advantage of the rise in oil prices."
China's Banking System on the Verge of Collapse as the Yuan Plunges
Steven Van Metre: 10-17-2022
Morgan Stanley WARNS: "Its Not Over." Expect ANOTHER CRISIS, MORE DEBT, AND HIGHER INFLATION.
Greg Mannarino: 10-17-2022
More News, Rumors and Opinions Monday Night 10-17-2022
KTFA:
Samson: A banking expert reveals a surprise in the stolen tax trillions... and important details
10/16/2022 20:43:31
The banking expert, Abdul Rahman Al-Sheikhly, revealed, on Sunday evening, a surprise in the trillions of stolen tax, amounting to "3 trillion and 700 billion dinars."
Al-Sheikhly told Al-Furat News that: “The process of stealing money began since 2015 by collecting from merchants and those covered by the tax a rate of between (5-10%) of the money that is dealt with, as it is deposited as trusts in the Rafidain Bank at the expense of the General Authority for Taxes and continued. It escalates until it is revealed now."
KTFA:
Samson: A banking expert reveals a surprise in the stolen tax trillions... and important details
10/16/2022 20:43:31
The banking expert, Abdul Rahman Al-Sheikhly, revealed, on Sunday evening, a surprise in the trillions of stolen tax, amounting to "3 trillion and 700 billion dinars."
Al-Sheikhly told Al-Furat News that: “The process of stealing money began since 2015 by collecting from merchants and those covered by the tax a rate of between (5-10%) of the money that is dealt with, as it is deposited as trusts in the Rafidain Bank at the expense of the General Authority for Taxes and continued. It escalates until it is revealed now."
He added, "This amount is assumed, after a year of this year has passed, the tax account will be made with the individual. The value of the amount due to be paid is calculated, and therefore it will be returned to him; for this reason, large sums have accumulated since 2015 until now, so this money has become almost loose because it did not enter the final accounts and public files, but rather put in a special file {Al-Amanat}".
Al-Sheikhly emphasized, "More than 270 instruments were issued by the General Tax Authority of the Rafidain Bank, and the money withdrew in this way." Al-Sheikhly cleared the responsibility of the Ministry of Finance and the Rafidain Bank from the accusation, saying, "The Ministry of Finance is the one who exposed the theft, but there is complicity from several sides in the implementation of the theft of money by issuing official documents, and the Rafidain Bank is not concerned with the theft and has no responsibility."
Al-Furat News obtained a letter issued by the Ministry of Finance addressed to the Integrity Commission regarding allegations of theft of tax deposits deposited in Al-Rafidain Bank amounting to (3.7) trillion Iraqi dinars. And the caretaker prime minister, Mustafa Al-Kazemi, ordered the opening of an investigation into the loss of the huge amount. While the Prime Minister-designate, Muhammad Shiaa al-Sudani, commented on the incident and said, "We will never hesitate to take real measures to curb corruption that has so brazenly spread in the joints of the state and its institutions, and we will not allow the Iraqis' money to be plundered, as happened with the funds of the General Authority for Taxation in the Rafidain Bank."
Sunday, Al-Rafidain Governmental Bank distanced itself from the theft of the amount and confirmed, "It has nothing to do with any manipulation or theft that is being talked about, and that its mission was limited to disbursing the instruments of the General Tax Authority from its branches after verifying the validity of their issuance in official books between the bank." and body.”
Al-Rafidain Bank stressed, "Not to steal any sums of money from its branches, and indicates that it is committed to the mechanisms related to the anti-money laundering and terrorist financing law, and that the whole issue is being examined by the judiciary, and that the bank continues to cooperate with the competent authorities to reveal the facts." LINK
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Samson: Including officials.. Integrity arrests suspects red-handed for bribery in 5 governorates
17th October, 2022
The Iraqi Integrity Commission announced on Monday that a number of officials and employees had been caught red-handed in five Iraqi governorates.
In a statement received by Shafaq News Agency, the authority said that the field team of the Muthanna Investigation Office moved to the Treasury Directorate in the governorate, and was able to arrest the director of the financial department in flagrante delicto; While receiving the bribe from the service employee in the department.
She added that the staff of the Diyala Investigation Office arrested the file officer in the Baqubah Execution Directorate, while taking bribes from the auditors. in exchange for performing her functional duties,” pointing out that “the accused blackmailed the auditors and obstructed the progress of their transactions; to force them to pay bribes.
In Babil Governorate, the office team followed up and seized the Hilla municipality property registry investigator who requested a sum of money from a citizen in exchange for agreeing to rent a store owned by the Hilla Municipality Directorate, where the accused was caught red-handed while receiving the bribe.
The commission indicated that the staff of the Karbala Investigation Office, which moved to the real estate bank in the governorate, arrested an employee in the bank in flagrante delicto upon receiving the amount of four million and 500 thousand dinars from one of the auditors applying for a loan from the bank, pointing to the agreement of the accused with the auditor to receive Another amount after the approval of the loan transaction.
She explained that the staff of the Commission's investigation office in Diwaniyah arrested an employee of the Medical Committees Division in the governorate red-handed receiving a sum of money from a citizen. In return for completing the transaction of his sister, indicating that the accused admitted to receiving the bribery amount that was seized in his possession; Transaction completion meeting.
The commission confirmed that fundamentalist seizure records were organized and presented, along with the accused, to the judges of the investigation courts specialized in integrity issues in the governorates of Muthanna, Diyala, Babil, Karbala and Diwaniyah, who decided in turn to arrest the accused in accordance with the provisions of Article 307 of the Penal Code and Resolution 160 of 1983.
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Samson: Fake factories drain public money in Iraq: another face of corruption
17th October, 2022
The Iraqi Border Ports Authority revealed the seizure of a number of fake factories, saying that their owners had obtained customs and tax exemptions in amounts amounting to billions of dinars, in one of the new corruption files being raised in the country, confirming that an investigation had been opened into the file
Corruption is one of the most dangerous files in the country, as it is often intractable to the authority of the state and the law, especially as it is linked to parties that dominate the political scene in the country, and have armed arms that threaten even state institutions
And the Iraqi Border Ports Authority said in a statement, yesterday evening, Sunday, that it "was able to seize fake factories and factories whose owners had previously obtained customs and tax exemptions in violation of the controls," noting that "the process of controlling factories took place after obtaining a judicial decision that includes approval to move to The location of a group of alleged factories to reveal the truth of their existence
She added that "it turned out that these factories are fake, and they are small shops that do not rise to being a factory or a factory that requires granting exemptions from fees," stressing that "this is a fraud on the state institutions specialized in granting exemptions, which bear full responsibility as a result of their lack of auditing." Factories and factories before granting exemption books, as well as their lack of seriousness in following up on the arrival of those exempted materials to the beneficiaries
She pointed out that "the owners of these factories and factories located in Basra Governorate have used the materials that were exempted from customs and tax duties for other than the purpose for which the exemptions were granted and in very large quantities, amounting to billions of dinars, which caused a waste of public money
Confirming that "a fundamentalist seizure report was organized and the method was presented before the investigation judge, who in turn issued a decision to refer the file to the Basra Integrity Investigation Directorate for investigation according to jurisdiction, and under the supervision of the integrity judge in the province to hold accountable all those associated with these suspicious acts targeting the Iraqi economy in the core. The owners of factories and factories obtain some customs and tax exemptions, in a step adopted in the country to encourage investment in the private sector and local production
This is taking place at a time when the Iraqi authorities announced, today, Sunday, the start of an investigation into the case of theft of 3 trillion and 700 billion Iraqi dinars; The equivalent of $2.5 billion from the state treasury, hours after Oil Minister Ihsan Abdul-Jabbar, who had submitted a request to be relieved earlier from the position of acting finance minister, admitted that the money was stolen from the state-run Rafidain Bank, which is tax revenue money
The rampant corruption in the country has dragged it into serious economic and financial crises from which it is not easy to get out, which included all aspects of life such as electricity, water, the health system, job opportunities, and others LINK
Factory Activity CRATERS As Economic FREEFALL Worsens. IMPORTANT UPDATES...
Greg Mannarino: 10-17-2022
Global Banking Elites Hold Secret Emergency Meeting As Outlook Rapidly Deteriorates
Michael Cowan: 10-17-2022
Global Banking Elites Hold Secret Emergency Meeting As Outlook Rapidly Deteriorates
The Fed's Choice is Hyperinflation or Destroy the Economy
Bob Moriarty: The Feds Choice is Hyperinflation or Destroy the Economy
Palisades Gold Radio: 10-17-2022
Tom welcomes Robert Moriarty back to the program to discuss the interesting times happening around the world. He says, "I'm an equal opportunity anarchist, I despise all governments equally. They're all stupid and are doing these incredibly short-sighted things."
We're seeing CPI numbers blowing out across Europe. This is incipient hyperinflation. Western policies are self-destructive and all of these governments are doing the wrong things repeatedly.
The Fed is cornered between hyperinflation and destroying the economy. It's like choosing between dying from a heart attack or lung cancer.
The entire world is run my mental midgets and the west is committing suicide by sanctions.
Bob Moriarty: The Feds Choice is Hyperinflation or Destroy the Economy
Palisades Gold Radio: 10-17-2022
Tom welcomes Robert Moriarty back to the program to discuss the interesting times happening around the world. He says, "I'm an equal opportunity anarchist, I despise all governments equally. They're all stupid and are doing these incredibly short-sighted things."
We're seeing CPI numbers blowing out across Europe. This is incipient hyperinflation. Western policies are self-destructive and all of these governments are doing the wrong things repeatedly.
The Fed is cornered between hyperinflation and destroying the economy. It's like choosing between dying from a heart attack or lung cancer.
The entire world is run my mental midgets and the west is committing suicide by sanctions.
Governments attract sociopaths who desire power, and they focus on short-term solutions that don't work.
You don't want to mess with the energy supply demand signals by bailing out your citizens. This is a terrible idea, just like the 'inflation reduction act'. There are no positive benefits to most policies of government today.
The relationship between the U.S.A. and the Europeans is going to change dramatically when they wake up to reality this winter. Politicians and bureaucrats don't understand the law of unintended consequences. Those in charge rarely recognize the potential problems their policies will create.
The same problems Europe is facing are going to happen in the United States. Every pension in the world is bankrupt. Things are going to become serious very soon.
Bob explains how a debt jubilee is supposed to function in an economic system.
We're already seeing the catastrophic impact of a high dollar. A lot of debt is based in the dollar, and most don't understand the dollar index. It's a basket of currencies, and it reflects the decline in value of other currencies. There is no fixing the bond crisis that's coming other than to write off the debt.
The solution is to go back to gold, but no one will want to do it until they have no other choice.
Bob believes that Russia and the BRICS nations will lead the world in a move to a gold system.
In the modern system, every financial market is manipulated, but the suppression only works for a while. Resource stocks are as cheap as they have ever been. Lastly, he discusses his 'latest' book, "No Guts No Glory" which chronicles his 'Glory Days of International Aircraft Deliveries.'
Time Stamp References:
0:00 - Introduction
0:38 - Interesting Times
2:38 - Western Policies
6:02 - Gov't Incentives
12:42 - Unintended Consequences
17:20 - Confidence & Currency
24:33 - Voluntary Collapse
26:30 - Dollar Strength
28:27 - BRICS & Russia
29:50 - Metals Manipulation?
35:35 - Mining Equities
42:25 - Juniors Vs. Physical
47:16 - Publishing His Book
52:10 - Wrap Up
Talking Points From This Episode
- Why government and their policies are often short-sighted and frankly stupid.
- Fed is caught between choosing hyperinflation or economic collapse.
- Energy problems in Europe this winter will create tension between western nations.
A New Era of Money by Eswar Prasad
KTFA:
Samson: A new era of money
6th October, 2022 by Eswar Prasad
With electronic bytes replacing the dollar, the euro, and the yuan, some changes — but not others — would be welcome.
Money brought about radical changes in human society, as it opened the way for trade and all commercial activities, even among geographical locations far apart. It allows wealth and resources to move across different regions and times. But throughout most of human history, it has been the subject of greed and robbery.
Today, money is on the brink of a transformation that could reshape banking and financial activities, and perhaps even society.
KTFA:
Samson: A new era of money
6th October, 2022 by Eswar Prasad
With electronic bytes replacing the dollar, the euro, and the yuan, some changes — but not others — would be welcome.
Money brought about radical changes in human society, as it opened the way for trade and all commercial activities, even among geographical locations far apart. It allows wealth and resources to move across different regions and times. But throughout most of human history, it has been the subject of greed and robbery.
Today, money is on the brink of a transformation that could reshape banking and financial activities, and perhaps even society.
More importantly, the era of physical currency, or cash, is coming to an end, even in low- and middle-income countries; The era of digital currencies has begun. A new round of competition between official and private currencies in both local and international forums is looming on the horizon. The proliferation of digital technology that is giving this transformation its impetus can encourage the creation of beneficial innovations and expand access to basic financial services. But there is a possibility that technological advances will intensify the concentration of economic power and allow large corporations and governments to interfere more in our financial and private lives.
Traditional financial institutions, especially commercial banks, face challenges with their business models in light of technological developments resulting from the emergence of electronic banks that can reach a greater number of customers and the emergence of electronic platforms via the Internet, such as Prosper Bank, which can deliver Borrowers direct savers.
These new institutions and online platforms increase competition, encourage innovation, and reduce costs. Savers will have access to a wider range of savings, credit and insurance products, while small entrepreneurs will be able to secure their financing needs from sources other than banks, which often have strict loan guarantee and collateral requirements. Domestic and international payments are getting cheaper and faster, benefiting consumers and businesses.
Stability concerns
The emergence of cryptocurrencies such as Bitcoin initially had the potential to revolutionize payments. Cryptocurrencies do not depend in conducting transactions on the funds of central banks or trusted intermediaries such as commercial banks and credit card companies, which limits the inefficiencies and added costs involved in these intermediaries. However, the volatile prices of cryptocurrencies, restrictions on their transaction sizes, and the time taken for transactions made them ineffective as mediums of exchange.
New forms of digital currencies known as stablecoins are gaining more effectiveness as a payment method, although ironically most of them get their stable value from being backed by large amounts of central bank money and government bonds. Blockchain technology is Underpinning these currencies are stimulating far-reaching changes in money and finance that can powerfully affect households, businesses, investors, central banks, and governments. This technology, by providing secure ownership of purely digital objects, encourages the emergence of new digital assets, such as non-fungible tokens (NFTs).
At the same time, central banks are concerned about the repercussions on financial and economic stability if decentralized payment systems (Bitcoin forks) or private stablecoins replace cash and traditional payment systems operated by regulated financial institutions. The infrastructure of a fully private-sector payment system may be efficient and low-cost, but some parts of it may cease to function if confidence is lost during periods of financial turmoil. Without an efficient payment system, any developed economy will end up in a sudden stop.
In response to such concerns, central banks are currently considering issuing digital forms of central bank money for use in retail payments - ie central bank digital currencies (CBDCs). Central banks' motives range from expanding financial inclusion (allowing even those without bank accounts to benefit from a free digital payment system) and raising the efficiency and stability of payment systems by creating a public payment option as a back-end (a role that cash plays at the same time). Present).
But a central bank digital currency has other potential advantages. It will impede illicit activities such as drug deals, money laundering and terrorist financing operations that depend on anonymous cash transactions. It will encourage more economic activities to leave the shadow economy and enter the formal economy, making tax evasion more difficult. Small businesses will benefit from lower transaction costs and avoid the hassles and risks of handling cash.
Dangers of mass clouds
But digital central bank currency also has its drawbacks. Including that they pose risks to the banking system. Commercial banks play a vital role in creating and distributing credit that keeps economies running smoothly. But what would happen if households moved their money from regular bank accounts to digital wallets at central banks, believing they were safer even if they were not paying any interest? If the commercial banks are deprived of deposits, the central bank may find itself in an undesirable position of having to undertake the business of distributing credit, deciding which sectors and companies are eligible for the loans. In addition, having a central bank operate a retail payments system would eliminate private sector innovations aimed at making digital payments cheaper and faster.
Another concern of equal importance is the potential loss of privacy. Even with the safeguards put in place to ensure confidentiality, a central bank will want to keep a verifiable record of transactions to ensure that its digital currency is used only for legitimate purposes.
Hence, central bank digital currency poses the risk of eventually eliminating residual anonymity and privacy features in commercial transactions. However, a carefully designed central bank digital currency, taking advantage of rapidly evolving technical innovations, would mitigate many of those risks. Nevertheless, for all its advantages, the prospect of digital central bank currency eventually replacing cash should not be tolerated.
New technologies would make it more difficult for the central bank to carry out its main tasks - keeping unemployment and inflation low by controlling interest rates. When a central bank such as the US Federal Reserve changes its key interest rate, it affects the interest rates on commercial bank deposits and loans understandably to a reasonable extent. But if the proliferation of digital lending platforms reduces the role of commercial banks in intermediating between savers and borrowers, we do not know whether or how this mechanism for transmitting monetary policy effects can continue to function.
Currency competition
The basic functions of central bank money are on the cusp of imminent change. As recently as a century ago, private currencies competed with each other and with the currencies issued by governments, also known as trust money. The emergence of central banks has shifted the scales forcefully in favor of the legal release currency or trust money, which acts as a unit of account, a medium of exchange, and a store of value. With the emergence of various forms of digital currencies, and the technology that underpins them, it has become possible to separate the functions of money and direct competition with legal release currencies has arisen in some aspects.
Central bank currencies are likely to retain their importance as stores of value, for countries that issue them in digital form, and as mediums of exchange. However, the importance of privately brokered payment systems is likely to increase, intensifying competition between various forms of private money and central bank money regarding their role as mediums of exchange. If we let market forces run on their own, some money issuers and payment technology providers could dominate the scene. Some of these changes may affect the nature of money itself - how it is formed, what it looks like, and its role in the economy.
If we allow market forces to act on their own, it is possible that some money issuers and payment technology providers will dominate the scene.
International money flows
Innovative forms of money and new channels for moving money between and within economies will reshape international capital flows, exchange rates, and the structure of the international monetary system. Some of these changes will have significant benefits, while others will pose new challenges.
International financial transactions will become faster, cheaper, and more transparent. These changes will be a boon for investors seeking to diversify their investment portfolios, companies seeking to mobilize money in global capital markets, and economic migrants who send money back home. Faster and cheaper cross-border payments will boost trade as well, which will particularly benefit emerging market and developing economies that depend on export earnings for a large portion of their GDP.
However, the emergence of new entities to transact with cross-border money flows will facilitate not only international trade but also illicit flows, creating new challenges for regulators and governments. It will increase the difficulties faced by governments in controlling cross-border flows of legitimate investment capital. This poses specific challenges to emerging market economies, which have suffered from periodic economic crises as a result of foreign capital inflows suddenly and in large quantities. These economies will be more exposed to the risks of monetary policy actions by the world's major central banks, which could lead to these capital outflows.
The strength and credibility of digital central bank money is only to the extent of the strength of the institution that issues it and the degree of its credibility.
Neither the emergence of digital central bank currencies nor the reduction of barriers to international financial flows alone will be able to achieve significant progress towards realigning the international monetary system or the balance of power between major currencies. The cost of direct transactions between any emerging market currency pair is decreasing, reducing the need for "intermediate currencies" such as the dollar and the euro.
But the major reserve currencies, especially the dollar, will likely retain their dominance as stores of value because that dominance is based not only on the economic size of the issuing country and the depth of its financial market, but also on the strength of the institutional foundation necessary to maintain investor confidence. Technology cannot be a substitute for an independent central bank and the rule of law.
Similarly, central bank digital currencies will not be able to solve fundamental weaknesses in the central bank's credibility or other problems, such as the government's undisciplined fiscal policies, affecting the value of the national currency. And when the government suffers from a large budget deficit, the hypothesis that the central bank receives directives to issue more money to finance this deficit often leads to higher inflation and a decrease in the purchasing power of the central bank’s money, whether physical or digital. In other words, the strength and credibility of digital central bank money is only as strong and credible as the institution issuing it.
The role of the government
In the coming years, central banks and governments around the world face the challenge of making important decisions about whether to resist new financial technology, passively accept private-sector-led innovation, or be satisfied with the potential efficiency gains that new technology presents.
With the emergence of cryptocurrencies and the prospects for digital central bank currencies, important questions have arisen about the role that government should play in financial markets, that is, whether it is inserting itself into areas that it is best left to the private sector, and whether it can compensate for market failures. Especially the large number of families that do not deal enough with the banking system or do not deal with it at all in developing economies and even in advanced economies such as the United States.
As evidenced by recent cryptocurrency booms and busts, regulation of this sector will be essential to maintaining the integrity of payment systems and financial markets, ensuring adequate protection for investors, and encouraging financial stability. However, given the huge demand for highly efficient payment services at the retail, wholesale and cross-border levels, financial innovations led by the private sector could bring significant benefits to households and businesses. In this regard, the main challenge for central banks and financial regulators is to balance financial innovation with the need to mitigate risks to uninformed investors and to overall financial stability.
New financial technology holds the promise of facilitating access to a variety of financial products and services even for needy families, thereby democratizing finance. However, technological innovations in finance, even innovations that may give way to highly efficient financial intermediation, may have opposing repercussions on income and wealth inequality.
The wealthy could benefit greatly from the benefits of innovations in fintech, which they could use to increase financial returns and diversify risks, and existing financial institutions could adopt these changes for their own benefit. In addition, because the economically marginalized have a limited ability to participate in the digital society and lack financial awareness, some changes may tempt them to enter into investment opportunities that they are not fully aware of and cannot afford. Thus, the implications for income and wealth inequality - which have increased dramatically in many countries and are causing political and social tensions - are hard to understand.
Another major change is the increase in stratification at the national and international levels. Smaller economies and economies with weak institutions may see the end of their central banks and local currencies, increasing the concentration of economic and financial power in the hands of major economies. Meanwhile, big companies, such as Amazon and Meta, could gain greater power by controlling both trade and finance.
Even in a world dominated by decentralized finance activities based on the innovative blockchain technology used in Bitcoin (which is likely to be the true legacy of this technology), governments have important roles to play in the areas of enforcing contract and property rights, protecting investors, and ensuring financial stability. Ultimately, cryptocurrencies and innovative financial products also seem to work most efficiently when they are based on the trust derived from government oversight and control. Governments have a responsibility to ensure that their laws and procedures encourage fair competition, not favoring established institutions with strong positions, nor allowing large players to stifle their smaller competitors.
Centralized or fragmented curriculum?
Financial innovations will create new and hitherto unknown risks, especially if market participants and regulators place too much faith in the technology. Decentralization and its direct result, ie fragmentation, are a double-edged sword. They can increase financial stability by reducing central points of failure and increasing resilience by intensifying the level of redundancy. On the other hand, while fragmented systems can function efficiently in good times, trust in them can become fragile in bad times. If the financial system is dominated by decentralized mechanisms that are not directly backed (eg banks) by a central bank or other government agency, trust can all too easily erode. Thus, decentralization can bring efficiency in good times and quickly destabilize when economies are struggling.
It is also likely that major changes in the societal structure are imminent. Replacing cash with digital payment systems would eliminate any remnants of privacy in commercial transactions. Bitcoin and other cryptocurrencies have been intended to provide anonymity and privacy and de-reliance on governments and major financial institutions for commercial transactions, but they are spurring changes that could end up weakening privacy. Societies will struggle to rein in the power of governments at a time when individual freedoms are at greater risk.
* Eswar Prasad, Professor at Dyson College at Cornell University and a Senior Fellow at the Brookings Institution, is the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance.
News, Rumors and Opinions Monday Morning 10-17-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 17 Oct. 2022
Compiled Mon. 17 Oct. 12:01 am EST by Judy Byington
Judy Note: The RV began 24 Sept. 2022 when the Pound, Euro and US Dollar came to parity with each other. The Quantum Financial System was now the only operating financial system in the world and the only currencies that could be entered into the QFS had to be gold-backed.
A High Up Source indicated that Fri. 13 Oct. had been set for Bond Holders to be liquid, but on Wed. afternoon 12 Oct. some Asian Bankers asked for more time, so it was decided liquidity of the Bond people would begin on Sun. 16 Oct. Tier 4B (Us, the Internet Group) would receive notification to set appointments within 72 hours after Bond Holders had their liquidity. There has been no info received otherwise.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 17 Oct. 2022
Compiled Mon. 17 Oct. 12:01 am EST by Judy Byington
Judy Note: The RV began 24 Sept. 2022 when the Pound, Euro and US Dollar came to parity with each other. The Quantum Financial System was now the only operating financial system in the world and the only currencies that could be entered into the QFS had to be gold-backed.
A High Up Source indicated that Fri. 13 Oct. had been set for Bond Holders to be liquid, but on Wed. afternoon 12 Oct. some Asian Bankers asked for more time, so it was decided liquidity of the Bond people would begin on Sun. 16 Oct. Tier 4B (Us, the Internet Group) would receive notification to set appointments within 72 hours after Bond Holders had their liquidity. There has been no info received otherwise.
What we think we know as of Mon. 17 Oct.:
The Final Countdown – the Main Event is Coming Within Days: The Final Countdown: The Main Event is Coming Within Days (bitchute.com) https://www.rumormillnews.com/cgi-bin/forum.cgi?read=209497
The Dow Jones Industrial Average was down 22.6%. When the Dow dropped 200 points last Tuesday, the stage was set for another “Black Monday” – the darkest day in US stock market history.
Friday’s Market Massacre: https://www.zerohedge.com/markets/behind-fridays-market-massacre-huge-burst-hedge-funds-shorting-setting-another-squeeze
Greatest Economic Collapse in Human History 24 Oct., Bo Polny https://youtu.be/bpund7PajE0
A Global Currency Reset would support the world economy with all world currencies gold/asset-backed and on par with and traded at a 1:1 with each other.
As of Sat. 8 Oct. the new USN was present in all US banks.
All Humanitarian Projects will start once the green light comes on….Charlie Ward, Spokesperson for the Quantum Financial System.
Those who carry out humanitarian projects will not have to sign an oath or contract to receive their money. …Bruce
The Quantum Financial System was up and running.
We already have QFS accounts and they are fully funded.
US Dollar gold-backed as of 11 Oct.: https://dinarchronicles.com/2022/10/16/dollar-gold-backed-as-of-oct-11-by-rebecca-jr-10-16-22/
There were 30 countries where their exchange rates would go up in value.
The general public would receive whatever exchange rates were on the screen at the banks. Tier4B (Us, the Internet Group) exchange rates would be higher.
There were 120 countries (over 50% of the world’s currencies) on the brink of bankruptcy joining the BRICS Alliance nation-states. This was considered the death of the Central Bank and the fiat dollar – and only a global currency reset could save our global economy. From Tues. 13 Sept. onward the Federal Reserve and its central banks were considered bankrupt.
Two weeks ago the Cabal (Chinese Communist Party/ Rothschilds/ Rockefellers/ Vatican/ Blackrock and DAVOS Group) missed a blow to take over BRICS and the Global Currency Reset in which more than half of the world’s currencies have changed.
GESARA should be announced by Sat. 22 Oct. When Congress and Bill Clinton passed GESARA, Special Forces held them at gunpoint.
All countries in the world will be under their own military control!
The sole purpose of the new National Tax Agency (that replaces the IRS) will be used to collect trade taxes (15%) on new products only. No tax on food, medicine, property, or earnings.
There will no longer be a two-party system in any country!
The size of the US government will be about 10% of what it is today! The people who will be appointed to the new government positions have already been decided!
Some are asking to switch to the 28-day, 13-month Julian calendar, with the first day of the New Year being Easter – what some believe to be the real date of Christ’s birth.
Read full post here: https://dinarchronicles.com/2022/10/17/restored-republic-via-a-gcr-update-as-of-october-17-2022/
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Ccourtesy of Dinar Guru
Frank26 Article: "Iraq tops the list of Arab countries with economic growth for 2022" CAN YOU IMAGINE WHAT IRAQ'S GROWTH WILL BE WITHOUT A PROGRAM RATE.
MilitiaMan Article: "The Central Bank of Iraq participates in the annual meetings of the International Monetary Fund and the World Bank" ...They are readying to get this country into an international environment for trade. The likes of the World Bank, International Monetary Fund, US Treasury, American Chamber of Commerce, etc... of late are all about moving forward and apparently finalizing necessary formalities...All items are looking to be in place now or at least well underway...A good thing...imo
Egon Von Greyerz: Dark Times Ahead As Dow Plunges To 3,500 - Gold Explodes $35,000
Good as Gold Australia: 10-15-2022
In this latest interview, Darryl and Brian Panes from As Good As Gold Australia, interview the legendary Egon von Greyerz, Founder and Managing Director of Matterhorn Asset Management and Gold Switzerland.
The world is in the midst of a massive economic disaster with all markets in disarray, but what has led us to this. Governments will blame pandemics and wars as they always have instead of acknowledging that the real cause is and always has been their absolute mismanagement of the economy and their constant overprinting and devaluation of fiat currency.
Egon is the master of this subject and explains in finite detail the process that will lead to an absolute collapse of the Dow, down 90% from its current position, and Gold escalating to set new highs at $35,000 USD or more.
Egon confirms that wars historically have been blamed and used as an excuse for major economic downturns, taking the emphasis off the underlying poorly executed monetary decisions that led to the financial crisis in the first place.
As debt implodes, so will all the assets that the debt supports. Debt has pushed property and stock prices to major highs, and digital currencies can't hide the existing debt - it won't go away and it will implode, as will the accompanying assets. We then start all over again.
The Bank of England Pivots AGAIN & Investors Are Terrified
Sean Foo: 10-17-2022
The Bank of England has made a U-turn on quantitative easing and they are back to tightening. In fact, this early pivot is scaring investors as they know that the bond market is still far from being stabilized. However, the fundamentals of the British economy are still fragile and further rate hikes, that are coming, could trigger another collapse in the markets. Here's what you must know!
More News, Rumors and Opinions Sunday Night 10-16-2022
.KTFA:
Samson: In flagrante delicto.. A woman was arrested in possession of a forged sum of money in Baghdad
10/16/2022 18:41:32
Agency of the Ministry for Police Affairs - Najda Police Directorate Baghdad
Under the follow-up and supervision of the Director of Police Najda Capital, Baghdad, Major General Sabah Abdul Hassan Al-Rubaie, Al-Ghazaliya patrols were able to arrest a woman and seized a counterfeit currency denomination (25,000).
He went to her whereabouts, arrested her, and seized a sum of money (350 thousand dinars) in her possession. LINK
KTFA:
Samson: In flagrante delicto.. A woman was arrested in possession of a forged sum of money in Baghdad
10/16/2022 18:41:32
Agency of the Ministry for Police Affairs - Najda Police Directorate Baghdad
Under the follow-up and supervision of the Director of Police Najda Capital, Baghdad, Major General Sabah Abdul Hassan Al-Rubaie, Al-Ghazaliya patrols were able to arrest a woman and seized a counterfeit currency denomination (25,000).
He went to her whereabouts, arrested her, and seized a sum of money (350 thousand dinars) in her possession. LINK
Samson: Announcing the imminent opening of the first factory for the production of Toyota cars in Iraq
16th October, 2022
The director of the Jubbah Municipality Department in Anbar Governorate, Qatar Al-Obaidi, revealed on Sunday the imminent opening of the first factory for the production of Japanese Toyota cars in the province.
Al-Obaidi said in a statement to the "Information" agency, "The Governor of Anbar, Ali Farhan Al-Dulaimi, held negotiations with the Japanese Toyota Company in order to transfer one of its production plants in Japan to the 18 km area west of the city of Ramadi to meet the needs of the province and other provinces of Japanese cars with a prominent mark ( Toyota).
He added, "A delegation from the Japanese company Toyota made contacts with the governor of Anbar to establish the first factory for the production of Japanese Toyota cars in Anbar, after choosing the location of the plant and designing it according to the requirements of the concerned company."
Al-Obaidi explained, "The Governor of Anbar, Ali Farhan Al-Dulaimi, will visit Japan next week in order to put the final touches to sign a contract for the production of Toyota cars in Anbar, in a step that is the first of its kind in Iraq," stressing that "the concerned company informed the local government in Anbar its willingness to fill the governorate and other governorates need Japanese Toyota cars."
It is noteworthy that a number of delegations of Japanese investment companies visited Al-Anbar province earlier and were briefed on investment opportunities and expressed their willingness to work in the province's cities. LINK
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Mazhar Muhammad Salih: The financial surplus will reach $20 billion within 60 days
15th October, 2022
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected, on Saturday, that Iraq will achieve a financial abundance that may reach 20 billion dollars during the next two months.
And Arab media quoted Saleh as saying that "Iraq's foreign reserves may reach 90 billion dollars at the end of this year, and most of these reserves are for the Central Bank, as a cash cover for the Iraqi dinar."
He described the central bank's foreign currency investment portfolio as a "sovereign fund or quasi-fund."
He also called for the establishment of what he described as the "Generation Fund", adding: "The establishment is one of the savings in the general budget, which may reach the end of this year 15 to 20 billion dollars, which must be invested after the issue is legally adapted, through the Reconstruction Council, especially in projects Infrastructure and productive activities to bring about a renaissance in the Iraqi economy. LINK
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Courtesy of Dinar Guru
Frank26 Article: "Economist: The new government has a golden opportunity to reduce the dollar exchange rate" THERE IS A DIFFERENCE BETWEEN REDUCING THE EXCHANGE RATE AND CHANGING THE EXCHANGE RATE!!! YOU CANNOT CHANGE THE US EXCHANGE RATE BUT YOU CAN REDUCE IT! Quote: "The increase in oil prices and cash reserves will enable the new government to gradually reduce the dollar exchange rate during the next stage" THIS IS THE FLOAT... NEXT STAGE.
MilitiaMan Article: "The United Nations: Assigning Al-Sudani to form a government paves the way for addressing Iraqi issues" The language that is used is strong. The UN now expects the plan to take shape and it is an urgent matter. I am sure the pending issues for the people is Exchange Rate related. The opportunity is now and it is a golden one. Now that the UN doesn't have to put Iraq back into the stone age again (Chapter 7) we are likely to see results from the new government as planned and is expected.
MARKETS A LOOK AHEAD: "SCREW-US-ALL." Is The US Treasury Going To BUY ALL THE DEBT?
Greg Mannarino: 10-16-2022
Why Did Switzerland Just Get $6 BILLION From the Fed
Heresy financial: 10-16-2022
Last week, the Federal Reserve opened up its swap lines to the Swiss National Bank to the tune of over $6 billion. The $6.3 billion draw comes on the backs of about $3 billion just one week earlier.
To put this in context, this is more than the Swiss National Bank drew from the Fed swap lines during 2020.
So, number one, what are these swap lines How do they work? And number two, why in the world does the Swiss National Bank need $9 billion right now?
Timecodes
0:00 Video Overview
0:36 Intro
0:44 Bear Market Investing Guide
1:21 Swiss National Bank Drew $9 Billion from Swap Lines
2:31 Swap Lines
6:09 Outro
News, Rumors and Opinions Sunday Morning 10-16-2022
.KTFA:
Samson: Is Russian gas flowing towards Iraq?
15th October, 2022
The Iranian Assistant Minister of Oil for International Affairs, Ahmed Asadzadeh, stated that the Russian gas within the framework of the swap agreement with Iran could be directed to Azerbaijan, Armenia, Turkey, Iraq, Pakistan and other countries
The Iranian official added that the potential volume of Russian gas supplies only through northern Iran is estimated at 50 million cubic meters of gas per day
Asadzadeh said: "Negotiations took place and the two parties exchanged agreements, there are only some implementation problems that will be resolved soon, and I hope that we can receive gas from Russia through the northern part of our country.
KTFA:
Samson: Is Russian gas flowing towards Iraq?
15th October, 2022
The Iranian Assistant Minister of Oil for International Affairs, Ahmed Asadzadeh, stated that the Russian gas within the framework of the swap agreement with Iran could be directed to Azerbaijan, Armenia, Turkey, Iraq, Pakistan and other countries
The Iranian official added that the potential volume of Russian gas supplies only through northern Iran is estimated at 50 million cubic meters of gas per day
Asadzadeh said: "Negotiations took place and the two parties exchanged agreements, there are only some implementation problems that will be resolved soon, and I hope that we can receive gas from Russia through the northern part of our country.
Then this gas can be sent in the form of an exchange of supplies to other countries in The region, for example, Azerbaijan, Armenia, Turkey and Iraq, can also go to southern Iran for export to the Gulf countries that need gas and to countries such as Pakistan and others
The Assistant Minister of Oil indicated that "Iran in this field can present various models for working with Russia as barter, trade or transit
Earlier, the National Iranian Oil Company signed a memorandum of understanding with Russia's "Gazprom" that provides for investments worth $40 billion in oil and natural gas fields in Iran LINK
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Samson: More than half..a decline in Iraq's oil exports to America within a week
16th October, 2022
On Sunday, the US Energy Information Administration announced that Iraq's oil exports have more than halved during the past week
The administration said in a report, "The average US imports of crude oil during the past week from eight countries amounted to 5.117 million barrels per day, down by 103 thousand barrels per day compared to the previous week, which amounted to 5.220 million barrels per day
She added that Iraq's oil exports to America amounted to an average of 109 thousand barrels per day last week, down by more than half from the previous week, when oil exports to America reached an average of 275,000 barrels per day
She also indicated that "most of America's oil revenues during the past week came from Canada, at a rate of 3.300 million barrels per day, followed by Mexico at a rate of 759 thousand barrels per day, and oil revenues from Saudi Arabia at a rate of 370 thousand barrels per day, and then Colombia at a rate of 242 thousand barrels per day
According to the administration, the amount of US imports of crude oil from Ecuador amounted to an average of 136 thousand barrels per day, and from Brazil at a rate of 111 thousand barrels per day, and from Libya at a rate of 90,000 barrels per day, while no amount was imported from Russia or Nigeria
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Samson: Iraq is the fifth largest importer of goods from Kuwait
16th October, 2022
Kuwaiti official statistics revealed that Iraq ranked fifth as the largest importer of non-oil goods from Kuwait in 2021.
The Kuwaiti foreign trade statistic showed, "Kuwait exported non-oil goods to 15 countries, with a value of 20.6 billion dinars during 2021."
She added that Iraq imported non-oil goods from Kuwait with a financial value of 152.3 million Kuwaiti dinars during the past year 2021, to be the fifth largest importer of them, while the UAE obtained the largest share of non-oil exports, with about 243 million dinars, while Saudi Arabia came after 219.65 million dinars, followed by China with 215 million dinars.
India came fourth with a value of 211.7 million dinars, while Pakistan came sixth with a value of 94.16 million dinars.
One dollar equals 0.31 Kuwaiti dinars. LINK
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Courtesy of Dinar Guru https://www.dinarguru.com/
RVAlready I think the UN already gave them a deadline for the RV. We are on the clock.
Frank26 Article "Coordination framework: Completion of the ministerial cabinet of Muhammad Shia Al-Sudani within 10 days" FROM 2 WEEKS TO 10 DAYS... THE MONETARY REFORM IS MOVING FAST
Militiaman Article "Find out when the new president will receive the keys to the Peace Palace " Well well well.. They are on the move. The new guy gets his keys to the Peace Palace Sunday... Will that include a sovereign currency too? We shall see. It sure is timed accordingly.
RED ALERT! US Taxpayers Bailout Credit Suisse Bankers with $6.2B on Lost Derivatives Bet!
(Bix Weir) 10-16-2022
Credit Suisse bankers are great at winning a coin flips...Heads I Win, Tails You LOSE! That's exactly what they have done with $200B+ in derivative bets that are imploding as we speak.
The US Federal Reserve just sent the Swiss National Bank $6.2B to cover Credit Suisse derivative losses.
These derivative bankers already got their bonuses and now the US TAXPAYER is on the hook for their losses Soon they will come, hat in hand, for the whole $200B and with a long line of systemic derivative banks right behind them...THIS IS INSANE!!
Financial Crisis Imminent: The Fed is Broke and Banks are Out of Cash
Steven Van Metre: 10-16-2022
The seeds of the next financial crisis are germinating as the Federal Reserve is broke as it is now running a deficit and foreign banks are taking short-term loans from the Fed since ran out of dollars.
Prior dollar shortages are marked in history with a spike in the dollar and the word "crisis" noted on the chart.
More News, Rumors and Opinions Saturday Evening 10-15-2022
.KTFA:
Samson: Putin calls for a review of the global financial system
13th October, 2022
Russian President Vladimir Putin called for a review of the global financial system, and also called for addressing the problems of food supply and financing
"We will contribute to strengthening economic and trade construction in Asia," Putin said, during his speech at the sixth summit of the member states of the Conference on Interaction and Confidence-Building Measures in Asia (Astana Summit), today
He added, "We are doing everything in our power to establish a security system based on international law," noting that "the risks of hunger are increasing, and in turn, we are doing everything in our power to secure basic materials for needy countries
KTFA:
Samson: Putin calls for a review of the global financial system
13th October, 2022
Russian President Vladimir Putin called for a review of the global financial system, and also called for addressing the problems of food supply and financing
"We will contribute to strengthening economic and trade construction in Asia," Putin said, during his speech at the sixth summit of the member states of the Conference on Interaction and Confidence-Building Measures in Asia (Astana Summit), today
He added, "We are doing everything in our power to establish a security system based on international law," noting that "the risks of hunger are increasing, and in turn, we are doing everything in our power to secure basic materials for needy countries
We want to reconsider the global financial system and preserve the financial sovereignty of our countries," the Russian president added
He believed that "the world has become multipolar today, and Asia plays the most important role in this new order LINK
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Samson: Can central banks succeed in the task of "reining" the dollar?
10/13/2022 21:40:35
With the US dollar heading to consolidate its gains, speculations are increasing that the major central banks will make extraordinary interventions to defend their currencies.
Although the dollar index, which measures the US currency against a basket of other currencies, including the pound and the yen, fell by 0.17% to 113.01 points, but it is not far from the highest level recorded in two decades, which it touched two weeks ago.
According to the latest MMIV Plus survey, about 45% of the 795 respondents expect countries to start working together to counter the rising dollar, which is putting increasing pressure on weaker economies and on commodity importers who have been hit by the economic effects. of the Russo-Ukrainian War.
Nearly the majority of respondents said they expect Japan to step up its exorbitant efforts to prop up the yen itself, without support from others, according to a report published by Bloomberg. And 65% of respondents expected the Bloomberg spot dollar index to rise to new records during the next month. The dollar rose to a 20-year high at the end of last September, as international investors seized high interest rates in the United States or sought refuge from market turmoil, including in the crisis-ridden United Kingdom and emerging markets. A rising dollar is amplifying the economic hardships of countries around the world by raising the prices of imported food and fuel.
This rally of the US currency puts more pressure on many central banks, which have been raising interest rates in an attempt to curb the rise in consumer prices. And the unstoppable dollar puts a drag on US corporate profits by reducing the value of money made overseas. Nearly 90% of survey respondents expect third-quarter earnings to show a greater dollar impact than the previous quarter. "The dollar's bullish trend will continue in the near term," Joseph Lewis, head of hedging and forex solutions at Jefferies LLC, told Bloomberg. "In the long run, the world will shift and some other currencies will rebound. But human behavior tells me that it seems like being in the US is just a better place now."
The dollar was dragged higher by the most aggressive Federal Reserve (US central bank) tightening policy since the early 1980s, sending US bond yields higher. The Bloomberg dollar index is up 14% this year, with the currency gaining against the pound and the yen.
The pound also collapsed to a record low in late September due to concerns about the UK's deep tax cut plans. Japan spent $19.7 billion in its first intervention since 1998 to prop up the currency, but the sudden move did not bring long-term results. Unlike the Federal Reserve, the Bank of Japan kept interest rates low.
As for the People's Bank of China, it directed foreign branches of state-owned banks to prepare to sell dollars and buy the Chinese yuan, in an attempt to prevent further depreciation of the local currency, which fell to its lowest level against the dollar since 2008. LINK
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Courtesy of Dinar Guru
Frank26 Article: "Masrour Barzani congratulates Rashid on the election: Let us turn a new page after so many tensions and turmoil" I DON'T CARE WHO WON I CARE ABOUT A GOV BEING FORMED.
Bruce [via WiserNow] They have been celebrating and they're about to celebrate their Prime Minister officially being in a position of being the head of the party and the head of the Republic - so that is a positive step forward for Iraq and I believe this will complete what Iraq has to do for us to move forward... the new Iraqi dinar rate should be made public - I would think by Sunday, maybe sooner but I would think by Sunday...So that's something to look forward to. I'm excited because this is an opportunity like none we've ever seen, and yes, we waited a long time for it. Yes, it's been a roller coaster ride - I get it...And I think that we're at a great point to finally see this come to fruition...
Something ‘Big’ Is About to Break in Financial System, Don’t Let It Be You, Warns E.B. Tucker
Stansberry Research: 10-14-2022
Something is going to break in the financial system, "don't let it be you, that's how you have to see things," exclaims E.B. Tucker, bestselling author of Why Gold, Why Now?
[The Fed] is going to raise interest rates until something cracks because, "that gives them some sort of leverage that they are looking for on the world stage," he says.
The dollar is ripping higher, "and it's all a part of the plan for U.S. lawmakers," he continues. "It's very difficult to say what Russia is up to," as a large producer of oil and precious metals, Tucker concludes.