GAME OVER! China and Russia BRICS Partnership is Collapsing the US Economy? Fall Of PetroDollar

GAME OVER! China & Russia BRICS Partnership Is Collapsing The US Economy? Fall Of Petrodollar

Investing Future:  11-5-2022

The BRICS members have collectively attempted to disrupt the US dollar’s dominant position in the current global reserve currency structure through promoting the reform of the IMF’s SDR and supporting the renminbi’s inclusion into the SDR basket.

These initiatives are part of the BRICS’ broader efforts to reform the existing multilateral international financial institutions.

 Chinese officials had expressed China’s interest in restructuring the global reserves currency structure and advocated for giving the SDR a greater role several months before the first BRIC summit.

In March 2009, the PBoC Governor, Zhou Xiaochuan, called for making the SDR into a “super-sovereign reserve currency”. Later, the United Nations (UN) echoed Zhou’s idea and proposed establishing a new Global Reserve System based on the IMF’s SDR.

The UN proposal stated: The global imbalances which played an important role in this crisis can only be addressed if there is a better way of dealing with international economic risks facing countries than the current system of accumulating international reserves. …

To resolve this problem a new Global Reserve System, what may be viewed as a greatly expanded SDR, with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength, and global equity.

The US dollar’s supremacy and US global leadership have been increasingly questioned since the 2008 global financial crisis, The fact that this crisis originated in the United States raised concerns about the reliability of US leadership and the rationality of preserving the dollar’s hegemonic position in the global financial system.

Despite the breadth of the BRICS countries’ financial cooperation and their growing interconnectedness, BRICS’ activities in the monetary realm have been understudied, Yet the stakes of BRICS’ de-dollarization initiatives are particularly high

The US dollar is the dominant currency in the global financial and monetary system and affects various aspects of global affairs, however, more and more countries seem to be pushing the idea of de-dollarisation due to the loss of confidence in the US currency as a safe haven, One of the main causes of that is US monetary tightening which is playing havoc with the world’s economies, as the dollar is the main global currency

This has reignited a desire to end the dollar’s dominance in the world economy, A "strong BRICS" is poised to destroy the Petrodollar's hegemony;

Brazil, Russia, India, China, and South Africa are the five main emerging economies that make up the influential group known as BRICS; The group accounts for roughly 16% of global trade, 24% of the global GDP, and 41% of the world's population;

Since the organization's founding in 2009, all of the member nations have held yearly meetings; The 14th BRICS annual summit was largely held in China this year;

https://www.youtube.com/watch?v=R3TUHexJY4g

News, Rumors and Opinions Saturday 11-5-2022

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

RV Excerpts and Rumors from the Restored Republic via a GCR as of Sat. 5 Nov. 2022

Compiled Sat. 5 Nov. 2022 12:01 am EST by Judy Byington

Judy Note:

“Remember, Remember the 5th of November. 11.5. It’s coming! Get ready for a Military takeover, Blackout Shutdown, Martial Law, WW Three, Nuclear False Flag, Stock Market crash.”

Denzel Washington: “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.”

Internet to be paused, with YouTube, Google, Facebook, Twitter, Yahoo, Bing, Instagram Killed

The next 30 days will be world altering.

The future for our culture and species was in the balance six months ago. The Deep State was almost complete in their plans.

Global Food Shortages Pending: It would be wise to have 2-3 weeks worth of food, water, cash and essential items on hand.

Global Currency Reset:

Judy Note: The US Treasury has asked the banks to prepare for announcement of the new gold/asset-backed US Note sometime this week.

Thurs. 3 Nov. Bruce: HSBC said everything releases over the next three days to Sun 6 Nov. Other sources say from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.

Thurs. 3 Nov. MarkZ: “Most of my sources say it will happen between now and Fri. 11 Nov.  Myself and others have been leaned on to be quiet over the last 12 hours specifically about timing. There are a lot of folks who have yet to consummate their deals. But, we have had another confirmation since yesterday that another bond deal was completed. It appears they are rolling through the bonds at a reasonable, responsible rate right now. This gives me a warm fuzzy feeling.”

Read full post here:  https://dinarchronicles.com/2022/11/05/restored-republic-via-a-gcr-update-as-of-november-5-2022/

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Courtesy of Dinar Guru

Nader From The Mid East  You see all what's going on with the exchange rate...they took it down, they can easily reinstate it and the economy will not be touched...especially now...it's booming in Iraq.  It's nice you can get money left and right...

Breitling  Watch Iraq.  It's very positive.  It's going to happen...but you need to be making money in other areas because we can't control the date.  I think a lot of people don't listen to that advice...Iraq is very positive.  I'm not getting out...I haven't heard anything negative to this day, seen anything that going to stop them from a revalue.

Iraqi Dinar update for 11/04/22 - I did not expect this

Pimpy’s Investment Chat: The Other Side of Things:  11-4-2022

https://www.youtube.com/watch?v=phTY8Wfzk8Y

The Fed's Mission: Recession First, Then Hyperinflation!

Sean Foo:  11-5-2022

The Federal Reserve has hiked rates by a jumbo 75 basis points and they are not going to stop. Powell has confirmed that he is still out to crush inflation and rates are going to go higher. However, the Fed is likely going to over-tighten and crush the markets and then the pivot will happen. Hang on tight because the markets are most likely not done tanking yet!

https://www.youtube.com/watch?v=M4ll61fsfD4

More News, Rumors and Opinions Friday Afternoon 11-4-2022

KTFA:

Samson:  Deputy: The Sudanese government intends to consider electrical connection deals with Jordan and Saudi Arabia

3rd November, 2022

A member of the Electricity and Energy Committee, Suhaila Al-Sultani, considered, on Thursday, the electrical interconnection agreement with Jordan and Saudi Arabia, which was signed by the previous caretaker government, as having a political dimension and economically unfeasible. 

Al-Sultani said in an interview with the "Information" agency, that "the Sudanese government will take steps to reconsider the electrical connection deals during the era of the caretaker government." 

She added that "the file of the electrical connection with Jordan and Saudi Arabia is a drain on Iraq's wealth, and indicated that" the goal of the electrical connection with Jordan and Saudi Arabia is political on the part of America."

She pointed out that "the electrical linkage agreement with Jordan and Saudi Arabia is economically useless and constitutes a challenge and a provocation to the Iraqi people," stressing that "the Sudanese government will take steps to reconsider the electrical linkage deals." 

A member of the Al-Fateh Alliance, Ali Al-Fatlawi, stressed in a previous interview with the Information Agency, the role of the Ministry of Foreign Affairs with other countries to cancel the decisions and agreements of the caretaker government led by Mustafa Al-Kazemi, pointing out that the decisions of the Sudanese government were correct and came at the right time.   LINK

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Samson:  Yassin: Corruption has reached the level of terrorism, and combating it needs courage

03/11/2022 22:27:26

 The anti-corruption expert, Saeed Yassin, pointed out that corruption has reached the level of "terrorism".

  Yassin told Al-Furat News that: "Corruption has reached the level of terrorism and the pandemic, and today and tomorrow, deterrent measures must be taken, the rule of law is imposed, and the law is enforced with justice and strictness on all."

He added, "So far, the method of law enforcement and judicial procedures are taking place comfortably, and according to the standards, there is strict implementation of the law, and the basis is the rule of law, arrest and recruitment, money seizure, travel ban and the pursuit of fugitives."

Yassin pointed out to "resolute efforts to combat corruption, but the lesson is in the courage of the decision when the government decides to strengthen the work of integrity by prosecuting the theft of public money, and correct criteria must be set in selecting employees and fortifying institutions, and measures must be taken to avoid the recurrence of corruption operations."

Prime Minister Muhammad Shiaa al-Sudani affirmed that his ministerial team will address the next stage, and its quest to cooperate with the legislative authority to bypass the next stage. Al-Sudani said, that the pandemic of corruption that affected all aspects of life is more deadly than the Corona pandemic, and was the cause of many economic problems, weakening the prestige of the state, increasing poverty, unemployment and poor services, and accordingly our program will include firm policies and measures to combat this pandemic.  LINK

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Samson:  IMF: Iran has the lowest debt among the countries of the Middle East and Central Asia 

4th November, 2022

Today, Friday, the International Monetary Fund announced that Iran's external debt is lower than all countries in the Middle East and Central Asia, and estimated the ratio of debt to GDP in 2022 at only 0.5%.

The International Monetary Fund, in part of its new report entitled "Economic Prospects for the Middle East and Central Asia", examined the size of the external debts of 28 countries in the region, including Iran.

According to the calculations of this international organization, Iran has the lowest ratio of external debt to GDP in 2022 compared to other countries in the region.

This report indicated that the ratio of Iran's external debt to GDP this year was only 0.5%, which is lower than all countries in the Middle East and Central Asia. 

It is noteworthy that in 2021 the Iranian foreign debt recorded the same number.

The average debt of the countries in the region of their GDP this year is estimated at 35.8%. The debt-to-GDP ratio of oil-exporting countries in the region was also announced this year at 30.9%.  LINK

Courtesy of Dinar Guru

Sandy Ingram   The new prime minister of Iraq said the following on Tuesday, Its government with the help of the Central Bank of Iraq will do is best to increase the price of the Iraq dinar against the U.S. dollar.  Article: "Iraqi premier to raise Iraqi dinar value"  He did not say what the revalue would be.

Pimpy  The 8th fastest growing economy, $9 billion a month in sales, a possible $200 billion in surplus money.  It just seems like Iraq is teetering right on the edge of finally getting back on track and being a great nation and ready to do business internationally.  I'm looking forward to it and it's going to benefit the Iraqi people...if they prosper then hopefully...their currency will increase in value...

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Should the US Be Worried That Saudi Arabia Wants to Join BRICS?

Strait Talk:  10-28-2022

The world's largest oil producer Saudi Arabia, is reportedly asking to join the BRICS group. The regional bloc, comprising Brazil, Russia, India, China and South Africa, has been touted as a serious counterweight to the western led world order.

Just a week ago during his visit to Riyadh, South African President Cyril Ramaphosa announced that Crown Prince Mohammed bin Salman expressed the kingdom's desire to join BRICS.

Saudi Arabia, home to 17% of the world's proven oil reserves, maintained close security and economic ties with the US for decades. But since the election of Joe Biden, Riyadh has steadily moved closer to US rivals like Russia and China.

Earlier this month, the oil producing cartel OPEC+, announced it would cut oil production by two million barrels a day. The US blasted Saudi Arabia for the move, saying it would directly support Russia and hurt US consumers ahead of next month's midterm elections.

The BRICS countries, have long called for new financial centres to counteract US dominated institutions like the IMF and World Bank.

Would Saudi Arabia's inclusion into the group help BRICS achieve that goal?

https://www.youtube.com/watch?v=eY1sJWgnoPw

Tearing Up PetroDollar Deal: Feds Hit Back By Saudi Arabia

Tearing Up PetroDollar Deal, Feds Hit Back by Saudi Arabia, U.S Dollar Hegemony is Ending.

Deepin Moments:  11-4-2022

November 2 EST, the Federal Reserve opened its sixth interest rate hike of the year and raised rates for the fourth time by 75 basis points.

Currently, the US benchmark interest rate has been as high as the 3.75%-4% level range. It is a dollar tightening not seen since the financial crisis in 2008 and the fastest tightening of US monetary policy in 40 years.

This monetary tightening by the Federal Reserve in the name of curbing US inflation has not been able to curb the high US inflation. The US consumer price index has exceeded 8% for seven consecutive months and is at a 40-year high.

In response, although Fed Chairman Jerome Powell hinted that he might slow down rate hikes at the end of the year or in February next year. But he also stressed that it was too early to consider pausing interest rate hikes.

In other words, slowing down interest rate hikes does not mean not raising rates, and the Fed vowed to raise rates to the end.

 Immediately after, on November 3, the CME Group's FedWatch tool predicted that the probability of the Fed raising rates by 50 basis points in December was 56.8%, and the probability of raising rates by 75 basis points was 43.2%.

This would mean that the benchmark interest rate in the US could be as high as at least 4.25%-4.5% by the end of this year, possibly even touching the rare level of 4.5%-4.75%.

Saudi Crown Prince Mohammed bin Salman has expressed his desire to join the BRICS. And before that, for the US proposed anti-OPEC (NOPEC) bill intended to call a halt to the Saudi-led OPEC's right to global oil discourse, Saudi Arabia directly declared that if this bill is passed, it will tear up the petrodollar agreement and settle oil in a non-dollar currency instead.

Since 2020, the Saudis have sold off a cumulative 35% of their US treasury bonds. Clearly, the Saudi backlash against the Federal Reserve, the dollar and the US economy has risen to a strategic level.

https://www.youtube.com/watch?v=Mis88P6bN94

News, Rumors and Opinions Friday AM 11-4-2022

RV Excerpts and Rumors from the Restored Republic via a GCR as of Fri. 4 Nov. 2022

Compiled Fri. 4 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note: The US Treasury has asked the banks to prepare for announcement of the new gold/asset-backed US Note sometime this week.

Thurs. 3 Nov. Bruce: Bond Holders were told they would get their liquidity sometime after 4 pm Friday 4 Nov. HSBC said everything releases over the next three days to Sun 6 Nov. Other sources say from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.

Thurs. 3 Nov. MarkZ: “Most of my sources say it will happen between Thurs. 3 Nov. and Fri. 11 Nov.  Myself and others have been leaned on to be quiet over the last 12 hours specifically about timing. There are a lot of folks who have yet to consummate their deals. But, we have had another confirmation since yesterday that another bond deal was completed. It appears they are rolling through the bonds at a reasonable, responsible rate right now. This gives me a warm fuzzy feeling.”  

Has Iraq already RV’d?  This photo was taken by an “American Female GI,” at Mosul Rashid Bank on Oct. 15 2022. The woman is exchanging her Iraqi Dinar: https://www.defense.gov/Multimedia/Photos/igphoto/2001085159/

Restored Republics:

On Wed. 2 Nov. Reserve Troops were 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 Tier 4B to exchange.

Denzel Washington: “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.”

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Thurs. 3 Nov. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#

Bonds are continuing to process.

Bond Holders will shortly receive their liquidity through emails that activate their accounts sometime after 4 pm Friday 4 Nov.

HSBC said to keep an eye on Fri-Sat-Sun, or everything releases over the next three days.

Other sources say from Sun. 6th through next week.

Another source said they want this before the election on Tues. 8 Nov.

Chinese think this will go prior to Tues. 8 Nov.

Expect Martial Law in 98 counties, 70 cities of the US.

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Global Financial Crisis:

Markets Tumble After Another Rate Hike: https://www.zerohedge.com/markets/futures-tumble-after-powell-rugpull-boe-hike-deck

The Era of All-powerful Central Banks is over: https://www.zerohedge.com/markets/era-all-powerful-central-banks-over

Read full post here:  https://dinarchronicles.com/2022/11/04/restored-republic-via-a-gcr-update-as-of-november-4-2022/

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Courtesy of Dinar Guru

Petra   One is curious about all the subterfuge going on the last 3-4 days.  How many times does a country have to "defend" in one aspect the fact they are "not" going to change the exchange rate....and then, we see articles coming out from within Iraq that this is the very move that needs to be made.  Couple that with the input from the WB/IMF and other agencies telling the country to move forward and open themselves up for partnership, investment, and international business.  It doesn't get clearer when one of your largest trading partners (Jordan) opens up a bank down the street.

MilitiaMan  Article:  "Bank of Jordan opens its first branch in Iraq" Jordan opening  a bank branch is likely for that they know there is going to be massive trade. Opportunities will abound like ever before in the 60 years they have been doing business. Iraq will be a central hub and Jordan would know that and is acting on that fact now.. A good thing...

TOP SECRET: The Banks Are FAILING! Must Know RIGHT NOW Updates...

By Gregory Mannarino:  11-3-2022

https://www.youtube.com/watch?v=dQBZDa3zlgQ

ALERT: Almost All Wholesalers & Major Exchanges Are Depleted of Gold & Silver!! - Bill Holter

The Financial Brief:  11-3-2022

In this video Bill Holter talks about why Silver & Gold will be always considered real money.

https://www.youtube.com/watch?v=GFlFOcmO6sw

Alasdair Macleod and Lynette Zang Thursday 11-3-2022

Epic Derivative Unwind & Systemic Banking Failure | Alasdair Macleod

Liberty and Finance:  11-3-2022

This last summer, JPMorgan's CEO Jamie Dimon warned of a "hurricane" coming in the financial system. Alasdair Macleod, Head of Research at GoldMoney, believes the expansionary cycle has ended, and we're heading toward a contraction.

Low interest rates have created massive bubbles across markets, especially in derivatives.

 There could be an unwinding in derivatives as asset values fall amid rising rates.

The impact could reverberate through the whole banking system, leading to potential bank failures.

https://www.youtube.com/watch?v=AHOElzpO3-g

What Mainstream Media Won't Be Telling You.

Lynette Zang:  11-3-2022

Remember The Great Recession that followed the subprime mortgage crisis in 2007 and 8? Liquidity dried up and credit markets froze in 24 hrs.

The markets imploded while interest rates exploded, banks got bailed out as the public essentially went bankrupt.

The Great Recession was the start of the money printing fiasco which is now running it's course into a complete collapse of a system that was slated to fail from the start.

All of that was a complete joke compared to The Great Reset which is now here.

 There's two major differences from the Great Recession to the Great Reset. First is this has now become a global collapse situation. It's the exact meltdown central banks did everything they could to avoid after 2008.

Second is the final trigger that will take everything crashing down. They are strikingly similar as it relates to banks lending money to those who can't pay it back.

After over 50 years of research on economics and global currency resets, it's my job to show you what's happening behind the scenes -while there's still a tiny bit of time for you to do something about it.

Here's what they will not be telling you on mainstream media...coming up!

Chapters:

 0:00 Introduction

1:42 CDO vs CLO

6:40 Wall Street CLO - No Rules

12:10 Dividend Payout

22:08 UBS Warns

25:40 Big Pile of Trouble

31:50 Gold Buyer Base

https://www.youtube.com/watch?v=r_uFpgpCH9s

Thursday Night "News, Rumors and Opinions" 11-3-2022

From Salty & Seeds of Wisdom Team - Okie post are fake

Recent Okie post are fake.  He did not post and said he did not do them.

Please help us stop scammers.

Thank you, Salty & Seeds of Wisdom Team

TNT:

Harambe:  Zimbabwe exports first coal to China, gets interest from Europe | The Insider

(11/3/22)

 Zimbabwe shipped its first coal to China, exporting 20 000 tonnes as part of a trial run to a customer in the cement industry.

The coal was transported via the Mozambican port of Beira, Linos Masimura, chairman of the Zimbabwe Coal Producers Association, said in an interview. 

“There are other orders which may come through,” said Masimura, who declined to give further details of the coal contract. 

While a property slump has weighed on growth, there is speculation that China may seek to reopen the economy despite its Covid Zero policy. 

China is also building a vast array of new coal-fired power stations, amid concern over the global squeeze in energy supplies. 

Zimbabwe usually reserves the country’s coal output for domestic electricity generation, but started shipping the fuel last year after demand dipped from the Hwange power plant. Masimura said there has also been interest from European firms, but no deals have been concluded.

“We have had some inquiries from Europe, but these for now are coming through third parties who are mostly based in South Africa,” he said.

https://insiderzim.com/zimbabwe-exports-first-coal-to-china-gets-interest-from-europe/

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Harambe:  $1-billion Lego plant construction starts in Vietnam – VnExpress

 (11/3/22)

 Construction of a $1-billion Lego plant began Thursday in the southern province of Binh Duong.

Covering 44 hectares in Vietnam-Singapore Industrial Park 3, the plant is scheduled to create some 4,000 jobs and launch its first products in 2024.

This is the sixth plant of the Danish toy company in the world, and its second in Asia. It is Lego’s first carbon-neutral plant in the world, using electricity from rooftop solar cell panels and a nearby solar farm.

Lego CEO Niels Christiansen said the toy maker chose Vietnam for its big pool of skilled staff, commitment to carbon-neutrality by 2050, and location as gateway to the Asia-Pacific region, which boasts a growing market of young consumers.

The Lego plant in Binh Duong is the biggest foreign-invested project in the province since the Covid outb Lego collector recreates Vietnam street scenes in miniature reak.

Lego opened its first Asian plant in China during 2016. The Danish firm’s products are sold in over 130 markets.

https://e.vnexpress.net/news/companies/1-bln-lego-plant-construction-starts-in-vietnam-4531699.html  

https://youtu.be/HhE69Aq575Y

We're Freakin Doomed

Mike Maloney:  11-3-2022

Mike Maloney is not happy. Why? Last week, he was made aware of a particular government website that contains some in-depth data that until now had been very hard to convey. So why is he angry? This site, makes it plain for all to see, how inept and hopeless the government has become.

The data from the last four years is absolutely shocking - and something you should strongly consider sharing with friends and family. If this does not wake those asleep at the wheel…nothing will. Thanks for watching.

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

Harvard economist issues dire warning on economy

Fox Business News: 

Harvard University economics professor and former IMF chief economist Kenneth Rogoff argues the Fed's rate hikes are 'putting a lot of pressure' across the economy

https://www.youtube.com/watch?v=gI2ZYyoez_U

More News, Rumors and Opinions Thursday PM 11-3-2022

KTFA:

Samson:  Russia pushes Iraq out of India's top oil supplier

3rd November, 2022
Russia has removed Iraq from the forefront of the countries that supply India with oil supplies, after Iraq was the largest source of this large Asian country.

The Indian "Business Insider" website, in a report, published in English, translated by Shafaq News Agency, stated that the British energy company "Fortexa" announced new data showing the new oil statistics.

The report indicated that India's imports of crude oil from Russia increased by 8% to reach 946 thousand barrels per day during the month of October. The Indian report indicated that this figure represents 22% of India's total imports of crude oil, exceeding Iraq's share of 20.5%, and Saudi Arabia's share as well, which amounts to 16%.

In addition, the report stated, that October witnessed the first time that India imported more quantities of Russian seaborne crude than the European Union. In a parallel context, the report pointed out that China remained the largest buyer of Russian oil, as it imported one million barrels of crude per day during the month of October.

In this context, the report stated that Russia is moving away from European markets as Western buyers have avoided Moscow since Russian President Vladimir Putin began the invasion of Ukraine, while Moscow has been selling its oil and gas production to Asian buyers at reduced prices, while severe sanctions are expected to be applied. Additional on December 5th.

 However, CNN quoted Indian Oil Minister Hardeep Puri as saying a few days ago that buyers have a "moral duty" to continue buying crude oil to secure energy for citizens.  LINK

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Samson:  Minister of Trade: Iraq is a promising market and many companies want to invest in it

3rd November, 2022

The Minister of Commerce, Atheer Daoud Al-Ghurairi, confirmed, on Thursday, that the Baghdad International Fair, which started its work two days ago, is an opportunity to strengthen the cooperation frameworks of the countries and companies participating in Iraq

Al-Ghurairi told the official news agency, "The opening of the 46th session of the Baghdad International Fair coincided with the formation of a new elected government, which announced openness to the world within its government program, establishing international relations with everyone, and encouraging the private sector and foreign companies

He added, "The Baghdad International Fair is a forum to attract the largest possible number of countries and companies, given that Iraq is a promising market and there is a desire by many companies to invest in the country, and it casts a shadow over economic interests among the participating countries

He pointed to "the participation of nearly 12 countries and more than 360 local, Arab and foreign companies," noting that "the coming years will witness greater participation of effective countries and companies in light of the efforts that will be made to cover and activate the committees and agreements between countries  LINK

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Courtesy of Dinar Guru

Frank26  Article: "Iraqi premier to raise Iraqi dinar  value"   WTF!?! What The Frank!?! Ring a ding ding... Hello new prime minister can I help you... yeah bro you got my permission let's go!  Quote: "Iraqi government with the help of the Central Bank of Iraq, do its best to increase the price of Iraqi dinar against US dollar". Finally, a translation that's true.  This is the proper way to say this!

Frank26  [Iraq boots-on-the-ground report] FIREFLY:  The reforms have a rate change and that's the next thing that's happening.  The government today said why do you think I'm changing the rate to 1200?  FRANK:  ...Find me one person talking about the 1200.  And who is it?  Framework.  Anybody else?  No.  Only the Framework is talking about 1200.  The CBI, experts, economists are talking about the 1200 that the Framework are talking about.  FIREFlY:  The next step of the reforms is a rate change...and the budget will be tied into this. 

China & Japan Dumps 12%! De-dollarization EXPLODES FAST As Countries Stop Using Dollar | Lyn Alden

Two Dollar Investing:  11-3-2022

Lyn Alden explains a likely scenario and what the outcome of it will be

https://www.youtube.com/watch?v=URFHWrxCqa8

Bond Market SELLOFF Resumes With A VENGEANCE! WE ARE IN A FULL-ON CURRENCY CRISIS.

Greg Mannarino:  11-3-2022

https://www.youtube.com/watch?v=fA2F2iKbDxI

Economist Views on Saudi Arabia, Hungary, the EU and more.....11-3-2022

Saudi Arabia Is Breaking Away From America - Asia Is The Future

Sean Foo:  11-3-2022

The old world order is breaking and Saudi Arabia is spearheading this change. With a Saudi-First policy, MBS is looking to cut the best deals for this country and the old alliance with the United States might not be in their best interests anymore.

His focus is now shifting towards the East. Here's what you must know about the changing world order.

Timestamps & Chapters:

0:00 The Old Alliance Is Breaking

3:00 Petrodollar Agreement Isn't Working

6:06 The War On Fossil Fuels

8:40 Oil Price Cap Worries

11:32 Saudi Arabia Is Moving East

13:33 It's All About Survival Now

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

Hungary is against the EU not using rubles for gas settlement!

Deepin Moments:  11-3-2022

Recently, Hungary said that if the EU's new sanctions, involving Russia's natural gas, and thus affect Hungary's energy security, then Hungary will oppose to the end.

Although Hungary's opposition is determined by the needs of its own interests, but Hungary has been singing with the West one after another, apparently a bit angry with the West!　　

The EU wanted to oppose Putin's "Ruble Settlement Order" and refused to use the ruble to settle gas bills, which was vetoed by Hungary.　　

Then, the EU sanctions against Russia, every time it comes to Russia's energy exports, will usher in Hungary's opposition! And knowing that the West supports Ukraine and wants Russia to plant a big heel on the battlefield of Ukraine, as a result, now that the fight is going on, Hungary calls on the United States to take measures to promote a ceasefire in the Russian-Ukrainian conflict.

https://www.youtube.com/watch?v=6VAawv6BzaI

News, Rumors and Opinions Thursday Morning 11-3-2022

Emailed to Recaps: 

Desert Rat:  "I have only posted a few times in the past many years, mostly because I let my cousin take all the kudos and she is well known in the dinar community. We use the same CBI contact, and I am very surprised she won't post what we have both been told by this person. So since she won't do it, I will.

You know about certain popular dinar sites being shut down lately? Well it is true what they have said, it is a virus that is infecting them. What our contact has told us is that many more viruses will be infecting numerous dinar forums through the community, but those viruses are originating in Iraq.

They do not want us all to know about the rate increase when it actually happens, and this is because there will be a very limited time frame to exchange our dinars back...maybe like a month? So the least amount of people exchanging their dinar, the better it is for them. Keep your ears and eyes posted everywhere you can think of for dinar info, this is certainly going to go down very soon."

RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 3 Nov. 2022

Compiled Thurs. 3 Nov. 2022 12:01 am EST by Judy Byington

Judy Note: What we think we know on the Global Currency Reset as of Thurs. 3 Nov. 2022:

The US Treasury has asked the banks to prepare for announcement of the new gold/asset-backed US Note sometime this week.

A High Up Military Source said that Wed. 2 Nov. and Thurs. 3 Nov. were significant days for Tier4B notification.

Tues. 1 Nov. MarkZ: “Most of my sources say it will happen between Thurs. 3 Nov. and Fri. 11 Nov.

60 or more countries were already gold backed.

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 (us, the Internet Group) 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.

Iraq, the General Public and Tier4B were scheduled to go at the same time.

On Thurs. 20 Oct. the Global Currency Reset allegedly 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.

Global Financial Crisis:

A European Politician: “All banks are broke: Bank Santana, Deuce Bank, Royal Bank of Scotland. They were bankrupt because of their own incompetency and chicanery and then forced the general public to pick up the tab. The problem started with politics and Central Banking, which were all part of the same political system. They use Fractional Reserve Banking – loan money that they don’t actually have. They practice Quantative Easing. Counterfeiting money by another name was the artificial printing of money. If the average citizen did it they would go to jail for a very long time, yet governments and banks do it all the time. Central Banks manipulate interest rates and offer bogus deposit guarantees. They repress interest rates so we don’t have the real cost of money. It’s theft of the Taxpayer and unless we send Bankers and Politicians to prison, it will continue.”

Read full post here:   https://dinarchronicles.com/2022/11/03/restored-republic-via-a-gcr-update-as-of-november-3-2022/

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Courtesy of Dinar Guru

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: Again the CBI is meeting with Sudani...and they are giving reports on all Iraqi banks...some are calling for a 1200 rate to come back.  Many are saying don't change it to that because the reform itself calls for a rate change and that change will be better...

Mnt Goat   ...we need the reinstatement on FOREX to be able to go to the bank and exchange at the rate we want. In this regard, there was some new bit of very good news in the articles this week...an economists spoke up about the reinstatement. WOW! No, he did not mention the word “reinstatement” perse, but described exactly what the process would be and should be. He only left out the float part... The other amazing part about this same article is that it also talked about the program rate and changing the exchange rate. Yes, both concepts of changing the exchange rate compared to each other in the same article. WOW! WOW!...Is this just the beginning of the push to go international?

We've Reached the Point of No Return and the U.S. Will Soon Follow Unless...

Steven Van Metre:  11-2-2022

The economies of four major countries are collapsing and the U.S. economy is soon to follow.

Global shipping giant Maersk is confirming the Europe is in a recession and the U.S. will soon follow as shipping demand is collapsing as warehouses around the world are filling up.

https://www.youtube.com/watch?v=mGToOeOjL3E

Fed. Hikes 75BB And Hints At Possible Pivot... Stock Market Goes On A ROLLERCOASTER RIDE.

Greg Mannarino:  11-2-2022

https://www.youtube.com/watch?v=OJzePb8KbEk

Gold Backed Dollar, Reset and CBDC...Q&A With Lynette Zang and Eric Griffin

Gold Backed Dollar, Reset & CBDC…Q&A with Lynette Zang & Eric Griffin

11-2-2022

Viewer Questions:

Question 1: 1:21 In your opinion do you think it would still be safe to travel to these places given all the economic unraveling? In the event there is a crisis of some sort while we're there, what would be your advice?

Question 2: 4:22 When the reset happens, will there be a period of time where money simply does not work?

Question 3: 7:18 What do you mean by, "burning through inflation?" What does that look like for middle class citizens?

Question 4: 8:31 I have thought about getting a reverse mortgage and using that money to buy moregold. I have been told that I never have to pay it back and I hold the deed to the house. Should I?

Question 5: 10:48 how long do you think we have before the full plan for the CBDC in fully rolled out?

Question 6: 12:51 There was "Black Monday", "Savings & Loan Crisis", Dot Com Bust", "GFC"... If you had to name your next crisis, what would you call it?

Question 7: 13:45 a gold backed dollar doesn't make sense, why not a silver backed dollar since you say its for bartering?

https://www.youtube.com/watch?v=PfvK2Xqm3_c