US Stands No Chance Against China Oil Gains: End of the PetroDollar!
US STAND NO CHANCE AGAINST CHINA OIL GAINS!
Investing Mania: 11-1-2022
Experts say that a row between the US and Saudi Arabia over oil production and Washington's diminishing influence in the Middle East gives China a chance to expand its regional footprint
Last week, the 2022 session of the Future Investment Initiative, commonly known as "Davos in the Desert, " was held in Riyadh, Saudi Arabia; It brought prominent policymakers, CEOs, investors, entrepreneurs and emerging business leaders to discuss the future of international investment and the global economy
No US government official attended the event; But that was because none were invited;
US STAND NO CHANCE AGAINST CHINA OIL GAINS!
Investing Mania: 11-1-2022
Experts say that a row between the US and Saudi Arabia over oil production and Washington's diminishing influence in the Middle East gives China a chance to expand its regional footprint
Last week, the 2022 session of the Future Investment Initiative, commonly known as "Davos in the Desert, " was held in Riyadh, Saudi Arabia; It brought prominent policymakers, CEOs, investors, entrepreneurs and emerging business leaders to discuss the future of international investment and the global economy
No US government official attended the event; But that was because none were invited;
When asked about the non-participation of anyone from the US administration ahead of the event, FII group CEO Richard Attias said they decided so that the event did not turn into a "political platform"; The "Davos in the Desert" has further exposed the divergences between the United States and Saudi Arabia; Tensions have been apparent between the two for quite some time, and the conflict between Russia and Ukraine has exacerbated them;
While Washington has insisted on sanctioning Russia for its "special military operation" in Ukraine, Riyadh has maintained good relations with Moscow, which has irked the Joe Biden administration; It was further displeased with "OPEC" members deciding at their ministerial-level conference at the beginning of October;
To cut their crude oil production by 2 million barrels daily compared with August, despite US President Joe Biden urging them to increase output during his visit to Saudi Arabia in July; And Saudi Arabia knows where the opportunities are; Saudi Arabia's Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud expressed his country's desire to join brics;
Earlier this month, which is regarded as adjusting its previous "oil for security" strategy that aligned it with the US; The Future Investment Initiative also exposed the divergences between the US business community and the Biden administration;
Even without the participation of any official representatives, as many as 400 US executives attended the event upon invitation; Among them were JP Morgan CEO Jamie Dimon, Blackstone CEO Stephen Schwarzman, Bridgewater founder Ray Dalio and Goldman Sachs CEO David Solomon, who shared a stage on Monday;
Despite the global recession, the International Monetary Fund has estimated Saudi Arabia's economic growth will be 7;6 per cent in 2022, which is an attractive cake for US investors; Turning to brick signifies recognition of a global community that is forming outside of the established Western one dictated by the US; Saudi Arabia has signalled that it is no longer tied to Washington's apron strings;
Under the self-serving manipulation of financial and commercial controls, it applies to secure its advantages; US politicians should be reminded that in this way, they are turning many friends into adversaries;
Why Did Inflation Surge To A 40-Year High? Here Are 4 Causes Of The Worst Monetary-Policy Mistake In Years
Why Did Inflation Surge To A 40-Year High? Here Are 4 Causes Of The Worst Monetary-Policy Mistake In Years.
The MarketWatch 50 Published: Nov. 1, 2022 By Greg RobbFollow
‘I don’t think I would do that again’: Jay Powell grapples with how the Fed got inflation so wrong and lands on the MarketWatch 50 list of the most influential people in markets
How Federal Reserve Board Chairman Jay Powell is ultimately remembered will depend on whether he’s able to tame inflation without driving the U.S. into a deep recession. GETTY IMAGES
The Federal Reserve has made two major policy blunders in the last 25 years.
The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to be toxic during a broad housing downturn. The resulting meltdown in valuations caused the global financial crisis in 2008 that hobbled the U.S. economy for years.
Why Did Inflation Surge To A 40-Year High? Here Are 4 Causes Of The Worst Monetary-Policy Mistake In Years.
The MarketWatch 50 Published: Nov. 1, 2022 By Greg RobbFollow
‘I don’t think I would do that again’: Jay Powell grapples with how the Fed got inflation so wrong and lands on the MarketWatch 50 list of the most influential people in markets
How Federal Reserve Board Chairman Jay Powell is ultimately remembered will depend on whether he’s able to tame inflation without driving the U.S. into a deep recession. GETTY IMAGES
The Federal Reserve has made two major policy blunders in the last 25 years.
The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to be toxic during a broad housing downturn. The resulting meltdown in valuations caused the global financial crisis in 2008 that hobbled the U.S. economy for years.
More recently, a misreading of the strength of the labor market and the persistence of price shocks sparked by the pandemic led to the highest inflation rate in 40 years and the final chapter of this saga is still to be written. The policy error paved the way to make 2022 the worst year in financial markets arguably since the 1930s. Both stocks and bonds have plummeted and Federal Reserve Chairman Jerome “Jay” Powell is at the center of the financial turmoil, landing him on the MarketWatch 50 list of the most influential people in markets.
Critics have pounced on the Fed. Powell’s insistence that rising inflation was “transitory” and would quickly dissipate once the economy reopened more fully has been called “probably the worst inflation call in Fed history” by Mohamed El-Erian, chief economic adviser for Allianz.
The economist Stephen Roach has compared Powell to former Fed chair Arthur Burns, whose indecisiveness under intense political pressure led to the crushing inflation of the 1970s. As recently as March 2022, when the Labor Department was reporting a 7.9% annual rise in consumer prices, Powell and the Fed were just wrapping up their injections of liquidity into financial markets.
How Powell, who is not a trained economist, is ultimately remembered will depend on whether he’s able to tame inflation without driving the U.S. into a deep recession. It could still all end relatively well, but the debate about what signs the U.S. central bank ignored and why will be studied and debated for years to come.
For now, outside experts are debating the causes that led to the big policy mistake. Some Fed officials, including Powell, have started to chime in. Following are the four underlying causes of the initial policy error that emerged in interviews with experts. They include the Fed’s new policy framework, Powell’s distrust of forecasts, unintended consequences of some forward guidance the Fed gave markets in 2020, and the nature of the pandemic’s perfect economic storm.
A New Policy Framework Unveiled In August 2020
In August 2020, as the nation was emerging from COVID-19 lockdowns, Jay Powell’s Federal Reserve announced a monumental shift. For more than a year prior to the pandemic, the Fed had been working on a new policy framework and the pandemic wasn’t about to stop the U.S. central bank from implementing what it had been putting together.
“The economy is always evolving,” Powell said. The Fed interest-rate committee’s “strategy for achieving its goals must adapt to meet the new challenges that arise.”
Powell was not referring to the extraordinary economic events associated with the early days of the pandemic. Instead, the policy shift had been designed for a world of low inflation, a reality that had dragged on for some two decades.
“The framework document came after 20 years of it being very difficult to get inflation to 2%. And so, unfortunately, the framework assumed that type of environment was going to persist,” said former Boston Fed president Eric Rosengren, in an interview.
With the new playbook, the Fed essentially decided it would not raise interest rates at the first sign of a strong labor market, which had become a cardinal rule after the the bout with high inflation in the 1980s. Instead, the Fed would be more patient before using the blunt tool of raising interest rates to increase borrowing costs for businesses and consumers to tamp down inflation
To continue reading, please go to the original article here:
News, Rumors and Opinions Wednesday Morning 11-2-2022
.RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 2 Nov. 2022
Compiled Wed. 2 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: It is my personal opinion as deducted from the below information, that toward the end of this week (although Bruce says on Wed. 2 Nov.) a US Treasury announcement will be made that the new US Note was now gold/asset-backed, allowing the US to join BRICS and other nations in the Global Currency Reset. Such announcement would automatically trigger release of GCR fund liquidity so that Tier4B could set appointments to exchange foreign currencies and redeem Zim Bonds.
Global Currency Reset:
The US Treasury has asked the banks to prepare for announcement of the new gold/asset-backed US Note sometime this week. Activation of the gold/asset-backed US Note will trigger liquidation of funds for the Global Currency Reset – that will make it a “Go” for Tier 4B currency and Zim Bond holders (us, the Internet Group) across the globe to receive notification via email to set exchange/ redemption appointments near our places of residence.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 2 Nov. 2022
Compiled Wed. 2 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: It is my personal opinion as deducted from the below information, that toward the end of this week (although Bruce says on Wed. 2 Nov.) a US Treasury announcement will be made that the new US Note was now gold/asset-backed, allowing the US to join BRICS and other nations in the Global Currency Reset. Such announcement would automatically trigger release of GCR fund liquidity so that Tier4B could set appointments to exchange foreign currencies and redeem Zim Bonds.
Global Currency Reset:
The US Treasury has asked the banks to prepare for announcement of the new gold/asset-backed US Note sometime this week. Activation of the gold/asset-backed US Note will trigger liquidation of funds for the Global Currency Reset – that will make it a “Go” for Tier 4B currency and Zim Bond holders (us, the Internet Group) across the globe to receive notification via email to set exchange/ redemption appointments near our places of residence.
Tues. 1 Nov. Bruce: A High Up Military Source said that tomorrow Wed. 2 Nov. the gold backed USN was supposed to be announced and Iraq was supposed to announce their new international Dinar rate, along with their new Prime Minister. Iraq, the General Public and Tier4B, (us, the Internet Group),were supposed to go at the same time.
Tues. 1 Nov. Bruce: Mass Arrests across the country happened during a 36 hour period that ended at 4pm today Tues. 1 Nov. Yesterday Mon. 31 Oct. at 4 am the final cleanup effort heavily targeted in the DC area, was completed. Tomorrow Wed. 2 Nov. Reserve Troops were being called up nationwide to be available in 70 cities for the possibility of implementation of Martial Law later in the week (Fri-Sat). That Martial Law would be the cover for us to go in and exchange.
Tues. 1 Nov. MarkZ: “Most of my sources say it will happen between Thurs. 3 Nov. and Fri. 11 Nov. Bankers are through the roof excited. They think there will be a release this evening. I think it’s a bit premature…especially with mid terms happening next week. It is possible they are correct….especially with the chatter coming out of Iraq today. My redemption center folks have to work anyway and they are hopeful …but not convinced this is any different then what we have seen before. We will know tomorrow if it is or isn’t true.
Denzel Washington: “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.”
On Thurs. 20 Oct. the Global Currency Reset took place when currencies of Brazil, Russia, India, China, South Africa (BRICS), Argentina, Saudi Arabia and 18 other countries went gold/asset-backed. (The Iraqi Dinar had already gone gold/asset-backed). Dubai 1 funding was released. Historic, Golden Dragon, Yellow Dragon, German and Chinese Bonds started to be paid out (without liquidity) with a goal to finish by Thanksgiving.
“The gold-backed US Note is plugged into the QFS, but not turned on. Once the US Note is turned on, the fiat US Dollar has no value.” … “This past week (Sun. 16 Oct. to Sun. 30 Oct.) is the first week since 2009 that not one bank or country has bought US Dollars on the international trade market.” …Charlie Ward, Spokesperson for the Quantum Financial System.
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Tues. 1 Nov. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
Today Tues. 1 Nov. a High Up Military Source said that today, Wed. 2 Nov. and Thurs. 3 Nov. were significant days for our notifications.
Yesterday Mon. 31 Oct. at 4 am the final cleanup effort heavily targeted in the DC area, was completed. There were 7,000 people involved in arrests.
Mass Arrests across the country happened during a 36 hour period that ended at 4pm today Tues. 1 Nov.
Tomorrow Wed. 2 Nov. Reserve Troops were being called up nationwide to be available in 70 cities for the possibility of implementation of Martial Law later in the week (Fri-Sat).
That Martial Law would be the cover for us to go in and exchange.
The fiat US Dollar has not been sold internationally since last Wed. 24 Oct.
Tomorrow Wed. 2 Nov. the gold backed USN is supposed to be announced.
Tomorrow Wed. 2 Nov. Iraq is supposed to announce their new international rate, along with their new Prime Minister.
Iraq, the General Public and us Tier4B, the Internet Group, were supposed to go at the same time.
Since 15 Oct. Iraqis have exchanged lower denominations of the Dinar.
Yesterday Mon. 31 Oct. Iraqis could exchange higher Dinar Notes with the US Dollar, which was on par 1:1 with each other.
Tier4B rates at the Redemption Centers were projected to be at the rate announced by Shabbi in 2012 (around $18).
60 or more countries were already gold backed.
We would have 5-8 min. to present our Humanitarian Projects at our appointments
Several sources say the Midterm Elections will not happen.
In Brazil they were doing a forensic audit on their election results and will arrest those who stole the election.
Martial Law in the US was likely active in only 78 hot spot counties.
We could have Ten Days of Disclosure that would tie in with our exchange times.
The Emergency Broadcast System will be activated to do that Disclosure.
Read full post here: https://dinarchronicles.com/2022/11/02/restored-republic-via-a-gcr-update-as-of-november-2-2022/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Key is back to 1190 then within 3 to 4 weeks go to 1 to 1 maybe even $1.15 soon after that to go into the $3+ range. FRANK: Well that's almost correct...
Walkingstick [via Frank26] As soon as you see a "seated and announced" government, and that's the key, it has to be announced. Seated and Announced. Right now they're just piecing it [together] and telling you about it...
Australia ignores the dollar! Iron ore transactions are settled directly in RMB!
Deepin Moments: 11-2-2022
Resources are always the most important thing in the development of a country, especially for China, which is developing very fast and has a huge demand for resources. For this reason China has always maintained good trade cooperation with the world's major energy exporters, such as Saudi Arabia and Russia.
Australia was once one of China's solid trading partners, but over the years trade cooperation between China and Australia has not been what it used to be, and the Australian side has even started to restrict China's iron ore imports in Australia. But now Australia seems to be unable to hold up and has started to deliver iron ore to its doorstep and use RMB settlement directly, what is going on?
US DOLLAR STATUS HUNTED! 81 Billion U.S Treasuries Sold off in 1 Month by Global Central Banks.
Deepin Moments: 11-1-2022
As the dollar continues to strengthen, other major non-U.S. currencies have depreciated to varying degrees, and many central banks are fighting a "currency defense war". In order to sufficient foreign exchange reserves "ammunition" to prepare for intervention in the currency market, global central banks began to sell U.S. bonds for dollars.
Federal Reserve data show that as of October 5, the week, global central banks sold as much as $ 29 billion of U.S. debt, the past four weeks of sales amounted to $ 81 billion, the largest monthly sales since the outbreak of the epidemic in March 2020, the overall view of the U.S. debt holdings fell to $ 2.91 trillion.
Economic Thoughts From Steven Van Metre and Andy Schectman 11-1-2022
.Congress to Powell: This Time You've Gone Too Far!
Steven Van Metre: 11-1-2022
Congress is making it clear to Fed Chair Powell that he has gone too far with raising interest rates and needs to focus on making sure the labor market remains at maximum employment.
History shows the Fed always goes too far and that periods of high inflation are often followed by periods of rising unemployment.
Congress to Powell: This Time You've Gone Too Far!
Steven Van Metre: 11-1-2022
Congress is making it clear to Fed Chair Powell that he has gone too far with raising interest rates and needs to focus on making sure the labor market remains at maximum employment.
History shows the Fed always goes too far and that periods of high inflation are often followed by periods of rising unemployment.
Darkest Financial NIGHTMARE: Buckle Up | Andy Schectman
Liberty and Finance: 11-1-2022
Silver supply remains extremely tight. Nations are moving away from the Dollar and gold is re-establishing itself as a monetary asset. And the biggest money in the world is waking up and moving into physical precious metals.
Signs of a "financial nightmare" coming are clear. Andy Schectman, CEO & president of Miles Franklin, explains in this interview his perspective on the coming crisis and the need to prepare.
0:00 Intro
3:00 Silver availability
15:03 Product quality
22:40 Bank scrutiny
Yikes. The Federal Reserve Lost $4.1 Billion Last Month
.Yikes. The Federal Reserve Lost $4.1 Billion Last Month
Notes From the Field By Simon Black November 1, 2022
In the early spring of the year 1492, Lorenzo de’ Medici had just arrived to his family’s opulent villa in the hills nearby Florence when he began to experience severe stomach pains. His pain quickly grew worse, and the finest physicians were summoned to heal him; Lorenzo was reportedly given a number of potions and treatments. But nothing worked.
Within a matter of days, the 43-year old Lorenzo had passed away. And all of Florence panicked at what might happen next. They called him Lorenzo the Magnificent for a reason. Under his leadership, the Republic of Florence had cemented its position as one of the biggest powers of Europe.
Yikes. The Federal Reserve Lost $4.1 Billion Last Month
Notes From the Field By Simon Black November 1, 2022
In the early spring of the year 1492, Lorenzo de’ Medici had just arrived to his family’s opulent villa in the hills nearby Florence when he began to experience severe stomach pains. His pain quickly grew worse, and the finest physicians were summoned to heal him; Lorenzo was reportedly given a number of potions and treatments. But nothing worked.
Within a matter of days, the 43-year old Lorenzo had passed away. And all of Florence panicked at what might happen next. They called him Lorenzo the Magnificent for a reason. Under his leadership, the Republic of Florence had cemented its position as one of the biggest powers of Europe.
The Florentine economy was exceptionally strong. So strong, in fact, that Florence’s 3.5 gram gold florin had become the dominant reserve currency in Europe. And Florence’s highly advanced banking system made it Europe’s leading financial center.
Taxes were low. Crime was low. Peace was maintained. Trade flourished. Science and technology advanced. And art experienced an unprecedented boom.
During Lorenzo’s rule, Florence was graced by many of history’s most celebrated artists, including Leonardo da Vinci, Botticelli, and Michelangelo.
When Lorenzo died, Florence went downhill very quickly. His son Piero de’ Medici succeeded him as the Lord of Florence. But Piero (known as Piero the Unfortunate) did not have his father’s skill.
Piero’s mismanagement resulted in a severe economic downturn, plus diplomatic humiliation at the hands of one of Florence’s geopolitical rivals, the French.
Piero even managed to abandon some of Florence’s most important military fortresses to his sworn enemy, French king Charles VIII.
Naturally people were horrified by his incompetence. And after just two years, the people of Florence forced Piero into exile. Yet the decline of Florence was only getting started.
The next ruler was an ultranationalist, puritanical fanatic named Savonarola who claimed a divine mandate to make Florence (according to 16th century poet Girolamo Benivieni) “more glorious, more powerful, and richer than ever.”
It didn’t work; within a few years, Savonarola was executed. He was replaced by a French puppet, who was then ousted when the Medici family invaded Florence (with the help of the Spanish) and once again seized control.
It was around this time that a new book about political theory began circulating in Florence; it was written by a fairly obscure bureaucrat turned diplomat named Niccolo Machiavelli. And his book was called The Prince or Il Principe.
In his writings, Machiavelli attempts to justify the actions of pernicious, despotic rulers, claiming that cruelty, deceit, violence, and immorality were all acceptable traits of a ruler trying to maintain power.
Quite ironically, Machiavelli himself was a victim of his own logic; he was exiled, then imprisoned, then brutally tortured by the ruling Medici who suspected Machiavelli of conspiracy and sedition.
Most people would probably agree that a violent dictatorship isn’t a great political system. And yet the book eventually became incredibly popular among European nobility.
Henry VIII of England, Charles V of the Holy Roman Empire, and many more leading monarchs of the era were heavily influenced by Machiavelli’s terrible ideas.
This has happened many times throughout history — a writer comes along and publishes a work that becomes highly influential in political circles.
Hundreds of years after Machiavelli, the works of Voltaire, Rosseau, Adam Smith, de Toqueville, etc. had a profound impact on prevailing political and economic trends. And in the 20th century, the works of John Maynard Keynes were central in establishing the modern system of economics and central banking.
Some of these ideas (Rousseau) were great. Many of them (Keynes) were terrible. But they’ve all had a lasting impact on the world.
Today we have a mountain of idiotic works that have become required reading among the political elite, from Klaus Schwab’s The Great Reset, to whatever self-aggrandizing nonsense Anthony Fauci will publish in a few months.
But perhaps none has been more destructive than The Deficit Myth, i.e. the holy book of Modern Monetary Theory (MMT).
This is the completely idiotic idea that governments can go into debt and print as much money as they want, forever and ever until the end of time, without any consequences whatsoever.
MMT has made its rounds all over the world, and it’s astonishing how many policymakers have bought into it.
MMT is the sort of thing that makes politicians say things like “We can pay for it with deficit spending” (AOC). Or that their multi-trillion dollar spending bill will “cost nothing” (Pelosi). Or that inflation is purely the result of “corporate greed” (Biden).
According to MMT, “Congress doesn’t need to ‘find the money’ to spend it. It needs to find the votes! Once it has the votes, it can authorize the spending. The rest is just accounting.”
That’s it! It’s just accounting! Trillions upon trillions of dollars conjured out of thin air is just accounting… with no consequences whatsoever. It’s genius!
Except we all know there are consequences. Inflation has been an obvious one. But there are so many more.
One of them has come up quite recently and it’s worth mentioning; in its efforts to fight inflation, the Federal Reserve has been steadily increasing interest rates over the past eight months. In fact they’re expected to hike rates by an another 0.75% tomorrow.
But the Fed has a huge problem now.
According to its latest balance sheet, the Fed owns $8.3 TRILLION worth of bonds. That’s a pretty big portfolio.
Remember, though, that bond prices fall as interest rates go up. So as the Fed has been aggressively raising rates lately, they’ve managed to create enormous losses of their own bond portfolio.
In fact the Fed lost $3.2 billion just last week alone. And in the month of October, they lost $4.1 billion.
$4.1 billion constitutes roughly 10% of the Fed’s entire capital base, so it’s a LOT of money for them to lose, especially in a single month. And these losses are mostly the result of their interest rate hikes that have caused their bond portfolio to lose value.
At this pace the Fed will be completely insolvent by next spring, at which point they’ll require a bailout from the federal government. I’m sure America’s adversaries will be terrified by such a display of financial strength.
Of course, MMT suggests that the Fed will first have to print the money for its own government bailout. Truly bizarre.
What’s notable here, though, is that the Fed typically earns a very healthy profit each year… and those profits ultimately flow into the Treasury Department and become a funding source for the US government.
But now the Fed doesn’t have profits. It has losses. So the government is about to lose a source of revenue…
Coincidentally, another source of government revenue used to be interest payments received on student debt. But with the stroke of a pen, the President recently canceled student debt, eliminating another important source of government revenue.
Yet simultaneously while policymakers deliberately torpedo government funding sources, they continue to engage in completely reckless deficit spending (insisting it will “cost nothing”) and taking on larger amounts of debt at higher rates of interest.
This is literally the opposite of what any sensible person would do.
To your freedom,
Simon Black, Founder Sovereign Research & Advisory
https://www.sovereignman.com/trends/yikes-the-federal-reserve-lost-4-1-billion-last-month-143954/
Holly, Frank and more....Tuesday Afternoon 11-1-2022
.Holly:
From what I am being told, these project presentations are not to be done. You can present them if you make an appointment post rv to go over things with a wealth management company, but the Initial appointment is just a currency exchange.
This having your projects approved and all the other nonsense that has been said would make the appointments a logistical nightmare.
1. What bank personal has the authorization to approve or disapprove what you get or how much?
2. They don’t and they don’t have time to listen to a whole presentation.
3. You are to get in and get out as quickly as possible.
Holly:
From what I am being told, these project presentations are not to be done. You can present them if you make an appointment post rv to go over things with a wealth management company, but the Initial appointment is just a currency exchange.
This having your projects approved and all the other nonsense that has been said would make the appointments a logistical nightmare.
1. What bank personal has the authorization to approve or disapprove what you get or how much?
2. They don’t and they don’t have time to listen to a whole presentation.
3. You are to get in and get out as quickly as possible.
TNT:
Tishwash: Al-Sudani determines who is responsible for changing the dollar exchange rate – urgent
On Tuesday, Prime Minister Muhammad Shiaa Al-Sudani directed all ministers to prepare and present the government program within a week, indicating that .changing the dollar exchange rate is a prerogative of the Central Bank
Al-Sudani stressed during the cabinet session, in a statement received (Baghdad today), that “the government is proceeding to implement its government program through high coordination between state institutions, and he urged” all ministers to develop the work system within their ministries and build the capacities of its workers to achieve the ministry’s goals and policies. .developmental
Al-Sudani directed, according to the statement, "all ministers to prepare the government program within a maximum period of one week, according to the ministerial curriculum that focuses on issues of unemployment, poverty, services, support for the economy and the fight against corruption, and stressed that the ministers' evaluation will be based on their efforts and ".performance in combating corruption
While calling for "accelerating the establishment of the unified treasury account to control funds in the state and prevent its leakage and waste, as well as for ministers to review all contracts ".concluded under previous governments, and see their consistency with controls and instructions link
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Tishwash: Is it time to change the exchange rate?
The issue of raising the exchange rate from the previous government in the Iraqi budget, which was officially approved on April 1, 2021, was a big mistake, and it was an open theft from the pockets of citizens, and we were against it.
For the record, all the blocs voted for the aforementioned budget, except for the state of law and the national approach, and 3 deputies from Al-Fateh, and it was approved by specific blocs and supported it, and in the presence of 273 deputies out of 329.
At that time, for those who remember, we considered it a big mistake. Instead of establishing a fair protection network and supporting the growing poor classes, the government went to raise taxes and the exchange rate as if the dinar depended on it and not its national currency, which logically all countries intended to invest in and prevent its deterioration, as is happening now in all countries despite inflation taking measures multiple to raise its value.
Today we collect the tweets of Prime Minister Muhammad Shia Al-Sudani, who is the closest to the State of Law bloc that did not vote for what you mentioned, and he himself refused to raise the exchange rate.
We recall, even if there were reasons previously, it was abandoned as Iraq’s coffers were filled with money and logically it had to reduce the exchange rate, even if gradually, and then go to the program to delete the three zeros so that the dinar became a respectable and strong currency and an actual strategic and national stockpile that is better than the dollar and gold together. link
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Two more positions is what they're telling us they need. It's enough now to have a seated government but the last two spots are in dispute between the Kurdistan parties but we do not think that's going to delay anything...
RVAlready If the CBI considers Iraq stable enough, they will release the RV. The RVs will improve stability in the region. The UN is pushing this release. The CBI has had plenty of time to prep for this. They should let this go soon...I think the UN and IMF have given the CBI the green light...
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The 10-Year Yield NOSEDIVES OVERNIGHT! Silver TAKES OFF. Very Important Updates.
Greg Mannarino: 11-1-2022
News, Rumors and Opinions Tuesday AM 11-1-2022
.RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 1 Nov. 2022
Compiled Tues. 1 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: On Mon. 31 Oct. I received word from a high up source that the US Treasury has notified the banks that they will announce the new gold/asset-backed US Note this week.
That activation of the gold/asset-backed US Note will trigger liquidation funds of the Global Currency Reset and make it a go for Tier 4B currency and Zim Bond holders (us, the Internet Group) across the globe to receive notification via email from Wells Fargo Bank to set exchange/ redemption appointments near their place of residence.
In order for Tier 4B to receive the higher special exchange rates and redeem Zim Bonds, those appointments would need to be made at specially set up Redemption Centers as outlined in the email. That information will also be available at various Dinar Websites and through this Restored Republic via a GCR Update.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 1 Nov. 2022
Compiled Tues. 1 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: On Mon. 31 Oct. I received word from a high up source that the US Treasury has notified the banks that they will announce the new gold/asset-backed US Note this week.
That activation of the gold/asset-backed US Note will trigger liquidation funds of the Global Currency Reset and make it a go for Tier 4B currency and Zim Bond holders (us, the Internet Group) across the globe to receive notification via email from Wells Fargo Bank to set exchange/ redemption appointments near their place of residence.
In order for Tier 4B to receive the higher special exchange rates and redeem Zim Bonds, those appointments would need to be made at specially set up Redemption Centers as outlined in the email. That information will also be available at various Dinar Websites and through this Restored Republic via a GCR Update.
The General Public can exchange their foreign currencies at a bank, where they will be given the new rate as it appeared on the Forex at the time of the exchange.
Global Currency Reset:
On Thurs. 20 Oct. the Global Currency Reset took place (allegedly) when currencies of Brazil, Russia, India, China, South Africa (BRICS), Argentina, Saudi Arabia and 18 other countries went gold/asset-backed. (The Iraqi Dinar had already gone gold/asset-backed). Dubai 1 funding was released. Historic, Golden Dragon, Yellow Dragon, German and Chinese Bonds started to be paid out (without liquidity) with a goal to finish by Thanksgiving.
Mon. 31 Oct. MarkZ: “No one knows the exact timing but Redemption Center Staff claim they start work today.”
“The gold-backed US Note is plugged into the QFS, but not turned on. Once the US Note is turned on, the fiat US Dollar has no value.” … “This past week (Sun. 16 Oct. to Sun. 30 Oct.) is the first week since 2009 that not one bank or country has bought US Dollars on the international trade market.” …Charlie Ward, Spokesperson for the Quantum Financial System
Read full post here: https://dinarchronicles.com/2022/11/01/restored-republic-via-a-gcr-update-as-of-november-1-2022/
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Courtesy of Dinar Guru
Frank26 Article: "The European Union for the Sudanese: We support the implementation of the announced reform program and the fight against corruption" SO DOES GERMANY, SO DOES THE UK, THE USA, SAUDI ARABIA, CHINA, EGYPT, JORDAN, TURKEY, KUWAIT, SOUTH KOREA, EVERYBODY IN THE WORLD SUPPORTS WHAT IRAQ IS DOING.
Nader From The Mid East About the exchange rate - you see it back and forth, back and forth. One day yes. One day no...One day the CBI comes and goes, 'We're ready to change...' and other one comes out and goes, 'It's going to hurt the economy if we do this and that...' Whatever you hear from anybody, I'm not gonna say it's bullshit but it's just a guess... Nobody knows what's gonna happen...me, I say the solution is put it 1 to 1. Let's see what happens. If it works good, you can go up. If it works bad, go back down...I think it's going help the economy...because you don't have to deal with million and million of dinars...
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KTFA:
Samson: Baghdad fair kicks off after 3 years hiatus
1st November, 2022
Baghdad International Fair opened within its 46th session, on Tuesday, after a 3-year hiatus due to the Corona pandemic, with the participation of 12 countries, and more than 350 local and foreign companies.
Director of Media for the General Company for Iraqi Exhibitions at the Ministry of Trade, Zainab Nasser Hussein, said in an interview with Shafaq News Agency: "Under the slogan (the cradle of civilizations, progress and challenges to attract the world), the Baghdad International Fair was launched today with the participation of Germany, Iran, Japan, Jordan, India, Indonesia, Egypt, Pakistan, Palestine, Hungary, Italy and Spain
In addition to 363 companies, including 61 government companies, 110 local companies, 7 companies from the mixed sector, 83 companies within their countries participating in the exhibition, and 102 independent Arab and foreign companies.
She pointed out that "the exhibition will continue for up to 10 days," noting that "the aim of the exhibition is to give a true picture of the extent of the economic and security developments that Iraq is witnessing, in addition to confirming Iraq's ability to succeed in major economic activities that give it an opportunity to enter Arab international investments in economic projects." big". LINK
Global Elites are Panicking as Major Economies are Failing
Steven Van Metre: 10-31-2022
The biggest crash in 40 years is causing global elites to panic as major economies are failing. Eurozone inflation is running rampant and with history as a guide, will soon fall into a recession or worse, a depression.
Asia is also struggling as a collapse in global demand is starting to damage China's export-driven economy.
WATCH FOR A NARRATIVE CHANGE AND FED "PIVOT." Here Is How It Will Play Out!
Greg Mannarino: 10-31-2022
Who Owns the U.S. National Debt?
.Who Owns the U.S. National Debt?
Public debt and intragovernmental holdings
By Kimberly Amadeo Updated on October 4, 2022
The Social Security Trust Fund owns a significant portion of U.S. national debt, but how does that work and what does it mean? Below, we'll dive into who actually owns the U.S. national debt and how that impacts you.
Two Types of National Debt
The U.S. national debt crested $31.12 trillion in October 2022.1 The U.S. Treasury manages the U.S. national debt through its Bureau of Public Debt. The bureau classifies that amount into two broad types: intragovernmental holdings and debt held by the public.
Who Owns the U.S. National Debt?
Public debt and intragovernmental holdings
By Kimberly Amadeo Updated on October 4, 2022
The Social Security Trust Fund owns a significant portion of U.S. national debt, but how does that work and what does it mean? Below, we'll dive into who actually owns the U.S. national debt and how that impacts you.
Two Types of National Debt
The U.S. national debt crested $31.12 trillion in October 2022.1 The U.S. Treasury manages the U.S. national debt through its Bureau of Public Debt. The bureau classifies that amount into two broad types: intragovernmental holdings and debt held by the public.
Source: U.S. Department of the Treasury
Chart: The Balance Get the data Add this chart to your site
Intragovernmental Debt
The Treasury owes this part of the debt to other federal agencies. Intragovernmental holdings totaled more than $6.82 trillion in October 2022.1 Why would the government owe money to itself? Because some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. These agencies then invest in U.S. Treasurys rather than stick this cash under a giant mattress,
This transfers the agencies' excess revenue to the general fund, where it's spent. They redeem their Treasury notes for funds as needed. The federal government then either raises taxes or issues more debt to raise the cash.
Source: Treasury
Chart: The Balance Get the data Add this chart to your site
Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.
Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.75 trillion in Treasurys as of August 2022. The next largest agency was the Military Retirement Fund at $1.18 trillion. Other large holders of debt include the Office of Personnel Management Retirement, Medicare (which includes the Federal Supplementary Medical Insurance Trust Fund), then cash on hand to fund federal government operations.2
Public Debt
The public holds over $24.29 trillion of the national debt.1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.
To continue reading, please go to the original article here:
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124
The US Has Been Hit Hard! Egypt Wants To Decouple From the Dollar
.The United States has been hit hard! Egypt wants to decouple from the dollar!
Deepin Moments: 10-31-2022
After the outbreak of the Russia-Ukraine conflict, the United States not only has no bottom line sanctions against Russia, but also take advantage of this opportunity to harvest European wealth, and the United States has the courage to do so recklessly, there is an important reason is that the United States has the dollar hegemony.
The United States uses its dollar hegemony to enjoy many advantages and has been running roughshod over the world, making its own rules and doing whatever it can to achieve its goals.
But as the world development process continues to promote, countries began to gradually rise, the United States of this hegemonic behavior, but also by more and more countries dissatisfaction, this is not, now comes a bad news of the United States.
The United States has been hit hard! Egypt wants to decouple from the dollar!
Deepin Moments: 10-31-2022
After the outbreak of the Russia-Ukraine conflict, the United States not only has no bottom line sanctions against Russia, but also take advantage of this opportunity to harvest European wealth, and the United States has the courage to do so recklessly, there is an important reason is that the United States has the dollar hegemony.
The United States uses its dollar hegemony to enjoy many advantages and has been running roughshod over the world, making its own rules and doing whatever it can to achieve its goals.
But as the world development process continues to promote, countries began to gradually rise, the United States of this hegemonic behavior, but also by more and more countries dissatisfaction, this is not, now comes a bad news of the United States.
According to reports, following Russia, Iran, India and Turkey, Egypt has also joined the camp of de-dollarization.
Egypt has decided to decouple its currency from the U.S. dollar, as the U.S. is not Egypt's main partner country, so Egypt will proceed to establish an Egyptian pound index regardless of the direction of the dollar exchange rate, as to what currency is linked to, which could be gold or other metals.
Egypt's announcement to decouple from the dollar is a big deal for the dollar.
Although Egypt's economy is not large or small, even if the Egyptian pound and the dollar decoupling, the impact on the dollar hegemony is very small.
I say this event is big because he set a precedent. Other countries whose currencies are pegged to the dollar will follow Egypt's decoupling from the dollar because of the lack of dollar reserves.
Once the decoupling of more countries, will accelerate the process of de-dollarization, then, will inevitably let the dollar hegemony suffered a heavy blow.
More News, Rumors and Opinions Monday Afternoon 10-31-2022
.KTFA:
Samson: After a break of three years.. Baghdad exhibition starts tomorrow with Arab and foreign participation
10/31/2022 09:45:21
The Baghdad International Fair will start tomorrow, Tuesday, after a 3-year hiatus due to the Corona pandemic in the country and the transformation of parts of the exhibition into quarantine sites.
The exhibition, in its 46th edition, will be held under the slogan "The Cradle of Civilizations... Progress and Challenges to Attract the World", with Arab and foreign participation from 13 countries.
The exhibition will last for 10 days. LINK
KTFA:
Samson: After a break of three years.. Baghdad exhibition starts tomorrow with Arab and foreign participation
10/31/2022 09:45:21
The Baghdad International Fair will start tomorrow, Tuesday, after a 3-year hiatus due to the Corona pandemic in the country and the transformation of parts of the exhibition into quarantine sites.
The exhibition, in its 46th edition, will be held under the slogan "The Cradle of Civilizations... Progress and Challenges to Attract the World", with Arab and foreign participation from 13 countries.
The exhibition will last for 10 days. LINK
Toyvp: Here is some news that hasn't gotten through just remember these people fight over everything
Brawl in Iraqi parliament during voting session
Independent politicians taken to a room by security forces after death threats in parliament
Prime Minister-designate Mohammed Shia Al Sudani at the parliament during a confidence vote on his new government, on October 27, 2022. AFP
Oct 28, 2022
A fight erupted during Iraq’s parliamentary session late on Thursday between independent politicians and members of the Iran-backed Co-ordination Framework.
The much awaited session came about a year since the country held a national election which was met by deadlock as various officials failed to agree on people to fill the top posts in government.
After a harsh verbal exchange between Alaa Al Rikabi, an independent politician and leader of the Emtidad movement and members of the Iran-backed Co-ordination Framework during the session, a brawl broke out.
The fight overshadowed Prime Minister Mohammed Shia Al Sudani's presentation of his Cabinet to parliament.
Mr Al Rikabi's new movement in parliament has faced tough times because the body has been dominated by establishment politicians and parties since the US-led invasion of 2003.
His party was formed out of mass protests in 2019. It called for an end to government corruption and for better public services such as health care, electricity, access to water and employment opportunities.
A video circulated on social media showed Mr Al Rikabi, who appeared to be in a dark room, saying that he was beaten up during the session and taken to a room inside the parliamentary building.
"They have threatened to kill us, the security forces have put us in a room to protect us. Let the people know that we have been subjected to violence inside the parliament, " Mr Al Rikabi said in the video.
He said he is with his colleague, politician Falah Al Hilali. They claim that they were hit by other politicians as they entered the parliamentary room.
"Our lives are in danger, we want the Iraqi people to know," he said.
The two men said the violence came as a direct result of their refusal to vote for the new Cabinet.
"New Iraqi prime minister's security have unlawfully detained opposition MP Alaa Al Rikabi and others from Emitdad movement in a small room inside Iraq's parliament building," said Ruba Ali Al Hassani, postdoctoral research associate at Lancaster University.
"It pains to say this, but this is just the beginning of Mohamed Shia's term. What will he do next?" Ms Al Hassani said on Twitter.
Security forces said they detained the two officials to protect them from potential danger.
Ms Al Hassani said: "You protect him by arresting those issuing death threats ... but since they are now in power, that's not going to happen."
Assault, threats and intimidation are not new phenomena in Iraq politics.
Updated: October 28, 2022, 6:44 AM
https://www.thenationalnews.com/mena/iraq/2022/10/28/iraq-fight-erupts-in-parliament-during-voting-session/
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Courtesy of Dinar Guru
Frank26 There are two ways of looking at the 3-zeros...What happens when they say, 'we're going to drop the 3-zeros?' Do you think they're going to get a pair of scissor and they're gonna cut that out [the 3 zeros on a 25000 note]? There's your 25? ...When you drop the 3-zeros from the exchange rate [.0008569] you're left with .85...When you take your physical 3-zero notes 25,000, 10,000, 5000, 1,000...they're not just gonna cut them [the zeros] out. [Post 1 of 2....stay tuned]
Frank26 They're going exchange them for the rate ...and give it to you in your savings account. When you drop the 3-zeros, you drop them off the exchange rate [.0008569 becomes .8569]. That's very close to being 1 to 1 right there...'but Frank I got a 25K note and if they drop the 3-zeros and it's 1 to 1 then a 25K is $25,000...and because I live outside of Iraq I can exchange it for the international rate. That's how I get my capital gains.' Yeah! [Post 2 of 2]
IS "ALL HELL" ABOUT TO BREAK LOOSE? MMRI Hits 280 AGAIN! Important Updates.
Greg Mannarino: 10-31-2022
BREAKING!!! US TREASURY TO COLLAPSE!!!! BOND MARKET PANIC SELLING AND MASSIVE LOSSES AHEAD!
Christopher Greene: AMTV 10-31-2022
News, Rumors and Opinions Monday Morning 10-31-2022
.RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 31 Oct. 2022
Compiled Mon. 31 Oct. 2022 12:01 am EST by Judy Byington
The Global Currency Reset:
On Thurs. 20 Oct. the Global Currency Reset took place (allegedly) when currencies of Brazil, Russia, India, China, South Africa (BRICS), Argentina, Saudi Arabia and 18 other countries went gold/asset-backed. (The Iraqi Dinar had already gone gold/asset-backed).
On that same Thurs. 20 Oct. Dubai 1 funding was (allegedly) released. Historic, Golden Dragon, Yellow Dragon, German and Chinese Bonds started to be paid out (without liquidity) with a goal to finish by Thanksgiving.
By Thurs. 27 Oct Dubai 1 was fully paid out. (allegedly)
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 31 Oct. 2022
Compiled Mon. 31 Oct. 2022 12:01 am EST by Judy Byington
The Global Currency Reset:
On Thurs. 20 Oct. the Global Currency Reset took place (allegedly) when currencies of Brazil, Russia, India, China, South Africa (BRICS), Argentina, Saudi Arabia and 18 other countries went gold/asset-backed. (The Iraqi Dinar had already gone gold/asset-backed).
On that same Thurs. 20 Oct. Dubai 1 funding was (allegedly) released. Historic, Golden Dragon, Yellow Dragon, German and Chinese Bonds started to be paid out (without liquidity) with a goal to finish by Thanksgiving.
By Thurs. 27 Oct Dubai 1 was fully paid out.(allegedly)
Since Sun. 23 Oct. there was 24 sextillion in gold-backed currencies from Dubai 2 that had sat in an account waiting for release to Tiers 3 and 4. (allegedly)
By Sun. 30 Oct. the new Iraqi government had been seated, with the new International Iraqi Dinar Rate trading on the market by Sun. night 30 Oct.
At some point soon the Internet Group of Tier4B, was expecting to be notified through emails to set appointments to redeem Zim and exchange foreign currencies at special rates at Redemption Centers.
~~~~~~~~~~~
The Quantum Financial System is the only gold-backed financial system in the world.
The BRICS countries went live on the QFS ten days ago.
Currently the QFS is being kept secret.
The old SWIFT Financial System is not gold backed. The fiat US Dollar is on the SWIFT System.
The gold-backed US Note is plugged into the QFS, but not turned on. Once the US Note is turned on, the fiat US Dollar has no value.
This past week (Sun. 16 Oct. to Sun. 30 Oct.) is the first week since 2009 that not one bank or country has bought US Dollars.
The White Hats publicly arrested and took out the head of the Chinese Communist Party (CCP).
Read full post here: https://dinarchronicles.com/2022/10/31/restored-republic-via-a-gcr-update-as-of-october-31-2022/
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Courtesy of Dinar Guru
Jeff The central bank had minimal requirements in order for the rate change to move forward. Article from 10-2014 "Iraq dinar revaluation postponed by central bank for 5 years..." What they're saying in this, due to political corruption and instability they are not ready to revalue their currency...that's what they accomplished yesterday by completing the formation of their government. Now that the government is done they have met the central banks qualifications to revalue the currency...
Sandy Ingram Here's how and who stole $2.5 billion worth of Iraqi dinars in Iraq. They are calling this the crime of the century...Approximately 3.7 million Iraqi dinars was fraudulently paid to 5 companies by the general commission of taxes an office within the ministry of Finances. The money was paid through 247 checks between 9/2021 and 8/2022 from the commissioner's account at the state-run Rafidain Bank...the Iraqi court has seized the cash...of the accused, their wives and sons...there was more than one family involved...the tax Commissioner General director and his Deputy have been arrested.
"China Is Threatening To Dump 1 Trillion US Dollars To Crash The US Economy" - Peter Schiff
10-31-2022
Peter Schiff talks about how China is threatening to dump about 1 Trillion U.S. Dollars to collapse the U.S. economy, and why gold is the best investment during recessions.
Worse than sanctions！U.S began Rug pull Vietnam！Vietnam Sells U.S. Debt in Frenzy
Deepin Moments: 10-31-2022
As a direct result of the consecutive interest rate hikes by the Federal Reserve, the VN30 index in Vietnam has fallen by more than 30% in six months.
In addition to the significant decline in the stock market in the last six months, the exchange rate of the Vietnamese dong has also seen a large drop. In order to cope with the imminent crisis, Vietnam has recently raised interest rates by 100 basis points, but still could not stop the exchange rate from falling.
At the same time, overseas capital is rapidly withdrawing from Vietnam's financial market, and in the last six months, foreign investors have sold off at least VND1260 trillion of their assets, which is more than five times the amount of last year.
Vietnam's economy has been developing well in the past two years and Vietnam's manufacturing industry has attracted many production lines that were originally located in mainland China, but this development process was more supported by foreign debt.
With the exchange rate of VND falling now and the dollar exchange rate rising to a 20-year high, the cost of servicing Vietnam's foreign debts is getting bigger and bigger in the future.