Sean Foo and Peter Schiff Tuesday 11-8-2022
Germany Teams Up With China To Save Their Economy!
Sean Foo: 11-8-2022
Germany is increasing their trade with China to save its manufacturing industry.
The energy crisis in Europe is collapsing German companies and Olaf Scholz has gone down to Beijing with German industry CEOs to secure their economic future!
This is why cheap energy is the ultimate bargaining chip. Here's what you must know!
Germany Teams Up With China To Save Their Economy!
Sean Foo: 11-8-2022
Germany is increasing their trade with China to save its manufacturing industry.
The energy crisis in Europe is collapsing German companies and Olaf Scholz has gone down to Beijing with German industry CEOs to secure their economic future!
This is why cheap energy is the ultimate bargaining chip. Here's what you must know!
Russia's Top Banks Have JUST SOLD OFF This ENTIRE US Asset To Collapse The US Economy | Peter Schiff
Investing Future: 11-8-2022
According to Peter Schiff, countries will begin to realise they've had enough of America utilising its influence to dominate the markets and pose a threat to other nations.
China and Russia are two of the powerful nations aiming to dominate the global reserve currency.
It is clear that the Fed opposes the US economy when it comes to interest rates.
The International Hypocrisy and Ignorance Conference Begins!
The International Hypocrisy and Ignorance Conference Begins!
Notes From The Field By Simon Black November 7, 2022
It’s finally here. Today’s the day. More than 35,000 people have begun descending on the picturesque Egyptian resort town of Sharm El Sheikh to participate in the 27th United Nations Climate Change Conference, known as COP27.
Or as I prefer to call it, the International Hypocrisy and Ignorance Conference.
The absurdity starts with the selection of Egypt as the host country, and Egyptian president Abdel Fattah el-Sisi’s prominence as a heavily featured speaker at the event.
The International Hypocrisy and Ignorance Conference Begins!
Notes From The Field By Simon Black November 7, 2022
It’s finally here. Today’s the day. More than 35,000 people have begun descending on the picturesque Egyptian resort town of Sharm El Sheikh to participate in the 27th United Nations Climate Change Conference, known as COP27.
Or as I prefer to call it, the International Hypocrisy and Ignorance Conference.
The absurdity starts with the selection of Egypt as the host country, and Egyptian president Abdel Fattah el-Sisi’s prominence as a heavily featured speaker at the event.
You are probably aware that el-Sisi runs a brutal, highly authoritarian, dictatorial regime in Egypt. He has murdered protesters, tortured activists, snuffed out political opponents, censored the press, and more.
In Egypt’s 2018 presidential ‘election’, for example, el-Sisi miraculously won 97% of the vote, making him even more popular than Joe Biden.
El-Sisi is such a thug that, just last year, he drew a rare rebuke from the UNITED NATION’s Human Rights Council.
Yet only a few months later the very same United Nations saw fit to give el-Sisi the privilege of hosting its COP27 climate summit, effectively legitimizing his regime and setting him up to glad hand with the 90+ other world leaders who will be in attendance.
The fact that he has literally murdered his own people is irrelevant. El-Sisi has bent the knee to the Holy Altar of Climate Change, therefore his brutality is being casually overlooked.
Frankly the UN might as well hold the next conference in western China’s Xinjiang province, where the Uyghur concentration camp is located, and everyone can pretend like there’s no genocide going on across the street.
Even the media has turned a blind eye; despite them having an obvious bone to pick with el-Sisi over his regime’s censorship of the press, there has been barely a word of protest written.
This glaring lack of outrage is pretty bizarre behavior for an institution that is professionally outraged, demonstrating once again that the media has zero moral consistency.
But this doesn’t begin to scratch the surface of the COP27 absurdity.
We know there are at least 35,000 registered attendees from 190 countries coming to the event, plus countless more entourage, security, and support staff who are traveling with their national delegations to Sharm El Sheikh.
Roughly 90 presidents and prime ministers are expected to attend, including Joe Biden, French president Emmanuel Macron, German chancellor Olaf Scholz, and the UK’s Rishi Sunak.
On top of that are all the corporate CEOs, celebrities, and billionaires who will be there as well.
In short, there’s going to be a LOT of private jets, flying a very long way to Egypt. Last year’s COP26 in Scotland tallied over 400 private jets that swooped in for the event.
It certainly does seem hypocritical for these people to preach about everyone reducing CO2 emissions after they fly 10 hours on a Gulfstream 650.
But that’s always been the theme with these major policy trends — the rules are for THEE, not for ME. We saw the same behavior during COVID, where hypocritical politicians ignored their own lockdowns while expecting everyone else to suffer.
Even more absurd is how meat will be so heavily featured this year.
Yes that’s right. In the past, climate action has been predominantly about slashing fossil fuels — and given where energy markets are right now, they’ve done a pretty good job of destroying the oil and gas industries.
But now this year, COP27 takes aim at the meat industry, blaming global warming on cow flatulence.
The UN’s State of Climate Action 2022, in fact, which was released a few days ago, lists meat consumption as one of the key initiatives that political leaders need to tackle.
The stated UN goal is for politicians to limit per-capita meat consumption to 79 calories per day. And one proposal on the table is to levy a ‘meat tax’ in order to make it prohibitively expensive to consume meat.
This tax proposal is already gaining ground; New Zealand PM Jab-cinda Arden is seriously raising the possibility of taxing farmers and ranchers based on their livestock’s CO2 emissions.
But naturally such ideas don’t apply at COP27.
In fact, the conference organizers have set up a special gourmet restaurant, just for attendees. You can see the menu for yourself at copgourmet.com, and check out the ‘VIP set menu’ featuring (among other items) $100 angus beef medallions, which you can wash down with unlimited alcohol for an additional $135.
The rest of us plebeians, on the other hand, are expected to eat bugs and weeds in order to save the planet.
You can probably see the trend here — the laundry list of insanity from this COP27 event is extraordinary. And technically the event hasn’t even started yet; there’s still nearly two weeks to go.
The agenda for COP27 is jam-packed full of woke rituals and progressive virtue signaling. There are special meetings, for example, of the ‘women and gender constituency’. And next Monday, November 14th is COP27’s “Gender Day”.
Because apparently gender identity has something to do with climate change???
I mean, these people really go out of there way to be as silly as possible. It’s virtually impossible to take them seriously.
Most egregiously, there is practically zero discussion on the COP27 agenda about nuclear power.
Uranium is one of the most efficient, energy-dense fuel sources in the world. Nuclear power has an incredibly high Energy Return on Energy Invested (EROEI), yet CO2 emissions that are lower than even than solar and wind.
You’d think that an organization which pretends to care so much about CO2 emissions would at least engage in serious debate about implementing such a technology.
But it’s not even on the agenda. Instead they’re showcasing meat taxes and gender identity as the solutions to save the world from the apocalypse that they’re peddling.
Welcome to the International Hypocrisy and Ignorance Conference 2022.
* Final point: the upside of these climate conferences is that they leave us with interesting investment opportunities to profit from their insanity. And one big trend that’s making a big comeback (and will feature at COP27) is carbon credits. Keep an eye on this, because it’s very likely to become a colossal trend.
To your freedom, Simon Black, Founder Sovereign Research & Advisory
News, Rumors and Opinions Tuesday AM 11-8-2022
Okie Posts from DinarGuru and Restored Republic
Submitted by Dinarmama7 at the request of OKIEOILMAN
The Posts from DinarGuru by the fake Okie are once again not from OKIEOILMAN. They are being posted by a fake account.
He is not on any social media sites, has never had a Twitter account and does not post any intel anywhere. He has not posted for several years.
Social media sites do not interest him where people gossip and post their dirty laundry for the world to see. As always he loves all of you, prays for you and is appreciative of your prayers and support.
Dinarmama7
Okie Posts from DinarGuru and Restored Republic
Submitted by Dinarmama7 at the request of OKIEOILMAN
The Posts from DinarGuru by the fake Okie are once again not from OKIEOILMAN. They are being posted by a fake account.
He is not on any social media sites, has never had a Twitter account and does not post any intel anywhere. He has not posted for several years.
Social media sites do not interest him where people gossip and post their dirty laundry for the world to see. As always he loves all of you, prays for you and is appreciative of your prayers and support.
Dinarmama7
RV Excerpts and Rumors from the Restored Republic via a GCR as of Tues. 8 Nov. 2022
Compiled Tues. 8 Nov. 2022 12:01 am EST by Judy Byington
Deep State Plans:
Bitcoin Crash by Short Selling the Market where everyone will loose
Evergrand will crash the Market – a Global Financial System Collapse
Created Food Supply Shortages
Alliance Plan:
Three Days of Darkness: Planned Cyber Attacks on everything; Blackout – Internet, Communication, Possible Power Grid Shutdown
10 Days of Disclosure: One Website, one Web channel broadcast eight hours a day in loop.
NESARA/GESARA Debt Forgiveness implementation
The Military will supply needed food to the masses
QFS implemented
Federal Reserve dead, IRS under new US Treasury
New tax system where there is only a 14% tax on new items bought only, no tax on food or medicine, wages, etc.
Withdraw Maritime Law and change to Common Law.
Global Currency Reset:
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 specifically about timing. It appears continued movement on the Bond side. They were rolling through the bonds at a reasonable, responsible rate.”
Bruce: Sources say everything will be released anytime from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.
Tues. Nov 8 – Election Day – Full Blood Moon and Lunar Eclipse. We are under a six day clock that ends Midterm Election Day Nov. 8.
Tues. 8 Nov. “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.” …Denzel Washington
Charlie Ward: “I was told by a spiritual advisor that there may be a False Flag happening on the 8th, which is Tuesday. And, it will look far worse as mainstream media will blow it out of proportion. Then they will hold the election as a state of emergency is declared …and then the US army could step in and expose plots…..then the US Army will run the country for a short time.”
Global Cyber Attack incoming. Get ready! The National Guard will be activating cyber security teams in 14 states ahead of the midterm elections on Tuesday to counter any potential interference. National Guard to activate cyber security teams in 14 states ahead of midterm elections.
Wed. Nov 9 – (9/11) 911 Freedom Day.
“Fri. 11 Nov. 2022 is Resurrection Day” and was the Armistice Day of the First World War.
Now BRICS unites Brazil, Russia, India, China and South Africa. A number of other countries want to join the economic bloc, including Argentina and Iran. The Chinese Foreign Ministry said that several more countries are “knocking on the door” of the BRICS – these are Indonesia, Turkey, Saudi Arabia and Egypt. The bloc of leading developing countries continues to expand its economic and political influence.
Read full post here: https://dinarchronicles.com/2022/11/08/restored-republic-via-a-gcr-update-as-of-november-8-2022/
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Courtesy of Dinar Guru
Frank26 Article: "Announcement of a tender for the supply of currency counting and sorting machines". FAMILY THE CBI DOES THIS YEARLY BUT THIS TIME IMO FOR A NEW NSCN.(New small currency notes)
Pimpy Question: "Can the Iraqi dinar reach an exchange rate of $3.22?" Of course it could. But there's a lot of things they're going to have to take place in order for that rate change to actually happen...I don't see the Iraqi dinar going up in one huge jump...As the economy recovers and their infrastructure starts to rebuild you'll see it probably go up in smaller increments, not all at one time.
Breaking! Is the Iraqi Dinar GOLD-BACKED? Currencies Strengthening Against USD; Banks Buying GOLD!
Dr. Kia Pruit: 11-7-2022
Iraq is in the news now as the new premier promises to revalue the IQD! I found my screenshot of when Google said the IQD was goldbacked. Why did Google remove the article?
Currencies are strengthening against the USD as countries flee to gold as a safe haven.
DEBT MARKET HAIR TRIGGER, AND ANYTHING CAN SET IT OFF... BE READY.
Greg Mannarino: 11-7-2022
Thoughts From DJ "Gold Backed Currency Part 2" 11-7-2022
DJ: DID YOU KNOW?
Continuing on with last week’s post (Oct 30th 2022 ) concerning the reality of moving to a gold-backed currency. Currently the U.S. has 261,498,927 troy ounces of gold in the treasury or 8,133.5 tons.
In comparison to the rest of the world, Germany-3,362.4 tons, Italy-2,451.8 tons, France-2436.2 tons, Russia-2,298.5 tons , China- 1985.3 tons. (The IMF holds 2.814. 1 tons but isn’t a country). As of 2022, none of the world’s countries use the gold standard.
Due to trade, money supply and the global economy, the rest of the world would need to go back to the gold standard as well. Why? Because otherwise the countries that use the US dollar could stand with their hands out asking for their dollars to be exchanged for gold. Including debtors like China and Japan which the US owes a large chunk of its multi-trillion-dollar national debt.
DJ: DID YOU KNOW?
Continuing on with last week’s post (Oct 30th 2022 ) concerning the reality of moving to a gold-backed currency. Currently the U.S. has 261,498,927 troy ounces of gold in the treasury or 8,133.5 tons.
In comparison to the rest of the world, Germany-3,362.4 tons, Italy-2,451.8 tons, France-2436.2 tons, Russia-2,298.5 tons , China- 1985.3 tons. (The IMF holds 2.814. 1 tons but isn’t a country). As of 2022, none of the world’s countries use the gold standard.
Due to trade, money supply and the global economy, the rest of the world would need to go back to the gold standard as well. Why? Because otherwise the countries that use the US dollar could stand with their hands out asking for their dollars to be exchanged for gold. Including debtors like China and Japan which the US owes a large chunk of its multi-trillion-dollar national debt.
At one time the US held over 20,000 metric tons of gold. During the Vietnam war the US dollar was taking a beating and global confidence in the dollar was shrinking. Foreign debtors (because we were on a gold standard) demanded payment in gold thus shrinking our gold reserve to levels we are at now which forced President Nixon to abandon the gold standard (1971) and move to the current fiat system.
For the US (Thus the rest of the world) to go gold backed certain things have to occur. When an economy grows its money supply must increase. To increase the money supply of a gold backed currency you have to either produce more gold (which is 2500 to 3000 tons per/year globally) or raise the value of gold or both. ( According to Jim Rickards the price of gold would jump to $10,000 an ounce)
While logistically it doesn’t sound feasible, it can be done. The title for the gold held by the US Treasury primarily belongs to the Fed. When the run on our gold reserves happened Nixon stopped it at the 8 tons because the Fed owned it.
But the value of that gold (statutory value) has stayed the same at $42.22 per ounce since 1971. The Fed’s Treasury gold certificates are odd. They don’t provide the Fed with a claim on a fixed weight of gold held by the Treasury but rather they provide the Fed with a claim on $11 billion worth of gold.
The capital gains accrues to whoever has title to the gold . As long as the price stays at $42, the full capital gains on the U.S’s gold remains the Fed’s. If the price (statutory value) was set to say $500 per/oz, the Fed would only get 22 million ounces, forfeiting the remaining 239 million ounces to the Treasury .
Now imagine if the value were set to $10,0000 per’oz. Or even if it went to current market values as stated in the summaries introduced in H.R 9157. Which would allow the values to climb as the market dictates, even if it climbed to $10,000 per/oz. So it can be done.
Since the 1960’s Europe was holding most of the world’s monetary gold. In the early 70’s Europe started preparing for a Global Gold Standard. From 1999 until 2008 they did so officially through a “concerted program of sales” dubbed the “Central Bank Gold Agreement” (CBGA). The idea was to evenly redistribute gold holdings throughout developing countries, relative to their GDP, to accommodate for their currencies to be gold backed. That is still in motion.
Then you consider gold production. Only so much gold can be produced per/year. But there are massive stores of gold in the world that have not entered the monetary system. The Historical Bonds effectively are the titles for these massive hoards. Also as the price increases for gold so does the feasibility to go deeper to mine it . Currently the cost of mining gold is only feasible depending how deep you have to go to get at it or how remote it is located. So it can be done.
Here’s a fun fact. According to Google there’s an average of 0.2mgs of gold in the human body. So there you have it. Go melt yourself down and make some money.
DJ
How Much Land Does a Man Need?
How Much Land Does a Man Need?
February 2022 Matt Financial Imaginer
How much land does a man need? This is the question Leo Tolstoy asked himself after realizing that chasing more and more in life would never lead to happiness. In his classic book of the same name, he delves into a tale of a farmer who is rushing through life aiming to accumulate increasingly more land.
The story starts with how a farmer’s wife had a visit from her sister from the big city.
While they were sitting at the table, his wife started to talk – and compare their lives:
How Much Land Does a Man Need?
February 2022 Matt Financial Imaginer
How much land does a man need? This is the question Leo Tolstoy asked himself after realizing that chasing more and more in life would never lead to happiness. In his classic book of the same name, he delves into a tale of a farmer who is rushing through life aiming to accumulate increasingly more land.
The story starts with how a farmer’s wife had a visit from her sister from the big city.
While they were sitting at the table, his wife started to talk – and compare their lives:
“I would not change my way of life for yours, we may live roughly, but at least we are free from anxiety. You live in better style than we do, but though you often earn more than you need, you are very likely to lose all you have. It often happens that people who are wealthy one day are begging their bread the next. Our way is safer. Though a peasant’s life is not a fat one, it is a long one. We shall never grow rich, but we shall always have enough to eat.”
The elder sister from the big city replied:
“Enough? Yes, if you like to share with the pigs and the calves! What do you know of elegance and manners? However much your good man may slave, you will die as you are living – on a dung heap – and your children the same!”
The farmer’s wife shockingly defended herself:
“So what, of course, our work is rough and dirty. But, on the other hand, it is sure; and we need not bow to anyone. But you, in your towns, are surrounded by temptations; today all may be right, but tomorrow the evil one may tempt your husband with cards, wine or women, and all will go to ruin. Don’t such things happen often enough?”
All the time, the farmer was listening and chopped in:
“Busy as we are from childhood tilling mother earth, we peasants have no time to let any nonsense settle in our heads. Our only trouble is that we haven’t enough land. If I had plenty of land, I shouldn’t fear the Devil himself!”
This is just the beginning of this great and valuable story and already all the ingredients for the big question of why “how much is enough in life” is such an essential question are on the table.
Let’s dig in.
1. The Grass Isn’t Always Greener on the Other Side
When we’re not content with what we have, we tend to look at others and compare ourselves with them. “Why does he/she have more than me?” We see the grass as being greener on the other side, but is it?
Chances are that others simply show you their life’s highlight reel but if you take a closer look, you’ll realize that the grass isn’t that green.
“Comparison is the thief of joy.” Theodore Roosevelt
When we compare ourselves with others, how can we ever be happy? When will enough ever be enough? At some point, you just have to stop looking around and focus on your own life!
To continue reading, please go to the original article here:
https://www.financial-imagineer.com/how-much-land-does-a-man-need/
Holly, Pimpy and More....Monday 11-7-2022
Monday Thoughts from Holly
Regarding the RV:
1. We need to have the election happen before anything moves forward
2. There will be no project presentation
3. Zim is being redeemed, contrary to many who say it isn’t
4. Zim will be a set rate depending on what group you are in.
A. Some groups have a contract rate
B. If you are not in a group with a contract rate there will be a set rate for you.
C. This needs to be even across the board. They can not give T4b all different rates.
I hope this clears up some confusion.-Holly
Monday Thoughts from Holly
Regarding the RV:
1. We need to have the election happen before anything moves forward
2. There will be no project presentation
3. Zim is being redeemed, contrary to many who say it isn’t
4. Zim will be a set rate depending on what group you are in.
A. Some groups have a contract rate
B. If you are not in a group with a contract rate there will be a set rate for you.
C. This needs to be even across the board. They can not give T4b all different rates.
I hope this clears up some confusion.-Holly
KTFA:
Samson: Egypt, Iraq and Saudi Arabia are on the way.. Why are these countries hoarding gold?
7th November, 2022
According to data published on Bloomberg, the increase in gold bullion purchases among many developing and emerging countries, including Egypt, Iraq and Turkey, this year compared to previous years, with the "declining confidence" in the global financial system, which is currently in place.
Analyst David Fickling wrote in an article in this regard that the World Gold Council reported that central banks around the world bought 400 metric tons of gold bullion in the quarter ending in September, which is a large number given that it is equivalent to the total purchases in a whole year in normal times.
The data found that central banks in emerging economies were the world's largest buyers of gold in previous years. Topping the list is Russia, which has bought 463 tons since 2018 until now, and Turkey, which only bought about 95 metric tons this year, followed by India, Poland, Kazakhstan, China, Hungary, Thailand, Japan, Azerbaijan, Brazil, Uzbekistan, Egypt, Qatar, Iraq and Singapore. The writer says that Turkey, whose lira fell by 52 percent this year, bought 95 tons, and Egypt bought 44.4 metric tons of a total of 48.6 tons between 2018 and this year, while its pound depreciated by 20 percent. It is also remarkable that Qatar bought 15.6 tons, this year, out of a total of 42.7, and Iraq bought 33.9 tons in 2022, out of a total of 40.5 in five years.
Although the Iraqi dinar is stable against the dollar, the credit default swap (CDS), which protects against non-payment of its debts, rose to about 9 percent in September, even after it bought 33.9 tons of the metal. India bought 40.5 tons as the rupee weakened by 8.7 percent.
The writer points out that the 10-year US Treasury bond, which currently yields a yield of 4.2 percent, seems a much better option than gold, which pays no interest, especially now that it no longer outperforms the total returns on government debt. US government debt was previously a risk-free investment, before it turned around last February, when sanctions on the Russian Central Bank led to the loss of most of the $498 billion in reserves on its balance sheet. And Bloomberg News reported last week that the European Union is now looking at using the money to pay for Ukraine's rebuilding.
In this situation, "in a world where it is difficult to trust anyone, it makes sense to protect yourself through the metals market," according to the author. From this perspective, Turkey and Egypt's purchases have become a focus, and although the two countries are major allies of the United States, their relations with it have deteriorated significantly over the past decade, and their governments have found themselves "more simplistic with the rising authoritarian powers." And the path ahead of international relations is more unclear now than it has been for decades, "and it makes sense in this world that central bank reserves should not be so tightly bound by relations with any one country."
The report says that the advertised buyers represent only about 120 metric tons, from the 400 metric tons bought by central banks in the third quarter, but “you can get a good idea of the other candidates, by looking at the countries that have run the largest current account surpluses, namely the balances that governments use to buy their foreign exchange reserves. Outside of Europe, the biggest players are countries whose "relations with the United States are eroding, such as China, Russia and Saudi Arabia." The dollar remains the main intermediate currency so far, with about 88 percent of monetary transactions involving the dollar this year. However, the dollar's share in central bank reserves is rapidly declining from 65 percent at the end of 2016, to 59 percent earlier this year. LINK
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Iraqi Dinar update for 11/06/22 - This is Sundani's plan for the government
Pimpy’s investment Chat: The Other Side of Things:
GAME OVER! Saudi Arabia's Partnership With Russia Is Collapsing The US Economy? OPEC Ban Petrodollar
Investing Future: 11-7-2022
Why is Saudi’s distancing with the US significant enough to completely dent the US petrodollar?
The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world's economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply.
Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them!
Because of this, the NOPEC law is being passed in the US as retaliation! and the UK government is implementing a Price limit plan!!
Consequently, Russia, High energy prices, caused by Russia’s Ukraine invasion, mean the Organization of the Petroleum Exporting Countries (OPEC) will earn $907 billion from oil exports this year, according to the US Energy Information Administration (EIA), compared with $577 billion on average since 2000.
Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait will collectively have a $409 billion current account surplus, reckons Capital Economics, or almost three times last year’s total.
Russia’s current account surplus so far in 2022 has also tripled, year-on-year. In previous petrodollar booms, energy producers have recycled their windfalls into the Western financial system.
Saudi, for example, racked up a cumulative $160 billion current account surplus between 1974 and 1982, according to economist David Lubin’s book “Dance of the Trillions”, almost all of which went into the eurodollar market, a term for dollar-denominated deposits held outside of America, for example in European banks or the European branches of US lenders.
The banks in turn lent those deposits to Argentina, Chile, and others in an emerging-market debt boom. Finally, OPEC countries face huge domestic investment requirements to reduce their reliance on selling fossil fuels as the world moves towards renewable energy.
For Saudi, that could mean spending more on education to boost its services sector, or building up the non-oil portion of its manufacturing industry, like solar power.
A ‘strong BRICS’ is all set to annihilate the hegemony of the Petrodollar; BRICS is the powerful association of five major emerging economies namely Brazil, Russia, India, China, and South Africa;
The group represents 41 percent of the global population, 24 percent of the global GDP, and around 16 percent of the global trade; All the member nations have been holding annual meetings since its formation in 2009;
This year the 14th annual meeting of BRICS nations was held virtually in China;
Watch For A Debt Market "SNAPBACK" With ALL HELL BREAKING LOOSE.
Greg Mannarino: 11-7-2022
PetroDollar is Dying, Iran is officially Using CNY(Chinese Yuan) to Settle it's Oil
PetroDollar is Dying, Iran is Officially Using CNY (Chinese Yuan) to Settle its Oil.
Deepin Moments: 1-7-2022
China and some countries have already started using CNY (Chinese Yuan) to settle crude oil transactions, and the volume has been strong with record highs.
Public sources indicate that Chinese buyers purchased Iranian oil last year, with some volumes settled in CNY.
Now, Iranian authorities have officially replaced the former foreign exchange position of the U.S. dollar with CNY and listed it as one of the country's top three foreign currencies.
In a statement, Iran said the move was made to expand the use of CNY. Considering again, the increased pricing function of CNY crude oil futures in Asian and European markets and the context of expanded trade activities between China and Iran could also provide an alternative oil currency option for traders in oil-producing countries, including Iran.
PetroDollar is Dying, Iran is Officially Using CNY (Chinese Yuan) to Settle its Oil.
Deepin Moments: 1-7-2022
China and some countries have already started using CNY (Chinese Yuan) to settle crude oil transactions, and the volume has been strong with record highs.
Public sources indicate that Chinese buyers purchased Iranian oil last year, with some volumes settled in CNY.
Now, Iranian authorities have officially replaced the former foreign exchange position of the U.S. dollar with CNY and listed it as one of the country's top three foreign currencies.
In a statement, Iran said the move was made to expand the use of CNY. Considering again, the increased pricing function of CNY crude oil futures in Asian and European markets and the context of expanded trade activities between China and Iran could also provide an alternative oil currency option for traders in oil-producing countries, including Iran.
This suggests that CNY has begun to play the role of an oil currency instead of the dollar.
According to the latest forecast of Saxo Bank, Asia should transition a large amount of oil trade to CNY. Currently, oil-producing countries, including Iran, Angola, Indonesia and Venezuela, are very happy to settle their transactions in CNY.
A Chinese oil giant has already signed the first agreement to settle Iranian crude oil imports with CNY purchases, and plans to sign more such contracts in the future, further expanding the scope of settlement of CNY crude oil futures.
The analysis further said that China may also begin a pilot program to settle its crude oil imports in CNY on a large scale. This would mean that the U.S. dollar would not be charged a toll, thus facilitating investors who have a need to bypass the petrodollar and hedge against volatility in the price of dollar-priced crude oil futures.
Combined with the fact that Europe, Japan and Saudi Arabia, which hold the most overseas dollars, are also embarking on de-dollarization, the "oil-dollar-US-debt" system may be on its way out.
This will mean that more international investors will enter the Shanghai crude oil futures market in the future, supporting China's real economy and adding a new oil currency option for traders in other oil-producing countries.
Analysts say that Chinese energy buyers may next adopt CNY to trade oil on a larger scale, with the Chinese version of CNY crude oil futures breaking the pattern of dollar-based pricing in the oil sector, while a number of oil countries, including the UAE, Japan and India, have previously failed to make a breakthrough in their challenge to the petrodollar, and China has done what others have failed to do.
News, Rumors and Opinions Monday Morning 111-7-2022
RV Excerpts and Rumors from the Restored Republic via a GCR as of Mon. 7 Nov. 2022
Compiled Mon. 7 Nov. 2022 12:01 am EST by Judy Byington
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. 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 Thurs. 24 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 specifically about timing. There are a lot of Bond folks who have yet to consummate their deals, but we have had confirmations that some bond deals have been completed. It appears they are rolling through the bonds at a reasonable, responsible rate.”
RV Excerpts and Rumors from the Restored Republic via a GCR as of Mon. 7 Nov. 2022
Compiled Mon. 7 Nov. 2022 12:01 am EST by Judy Byington
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. 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 Thurs. 24 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 specifically about timing. There are a lot of Bond folks who have yet to consummate their deals, but we have had confirmations that some bond deals have been completed. It appears they are rolling through the bonds at a reasonable, responsible rate.”
Possible Schedule:
Bruce: Sources say everything will be released anytime from Sun. 6th through next week. Another source said they want this before the election on Tues. 8 Nov.
Tues. 8 Nov. “God Has a Huge Plan for Tues. 8 Nov: One Nation Under God.” …Denzel Washington.
Wed. Nov 9 – (9/11) 911 Freedom Day.
Global Economic Crisis:
Game Over: China/Russia BRICS Partnership Collapsing US Economy: https://dinarrecaps.com/our-blog/game-over-china-and-russia-brics-partnership-is-collapsing-the-us-economy-fall-of-petrodollar
Ten Foot Wall Erected Around Federal Reserve Bank in Washington DC: https://halturnerradioshow.com/index.php/en/news-page/news-nation/bulletin-10-tall-wall-put-around-federal-reserve-bank-in-washington-on-sunday
Read full post here: https://dinarchronicles.com/2022/11/07/restored-republic-via-a-gcr-update-as-of-november-7-2022/
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Courtesy of Dinar Guru
Frank26 Article: "A sudden drop in the dollar exchange rate in Erbil" 2 WEEKS AGO THE DOLLAR EXCHANGE RATE DROPPED IN IRAQ THEN LAST WEEK WE HAVE ANOTHER ARTICLE WHERE IT DROPPED AGAIN AND NOW THIS WEEK WHERE ONCE AGAIN THE RATE HAS DROPPED...THIS IS CALLED A GRADUAL REDUCTION. TA DA"
Mnt Goat I am seeing a trend here is the recent many articles about this 2023 budget issue. They keep talking in the same articles about also the dinar and changing the exchange rate. Could this be they want to budget in the cost of doing the project to delete the zeros and then reinstate it? They will have to move with urgency to meet the January target for the best time to RV. By the way the December 2020 devaluation did not occur until January of 2021. They only approved the devaluation in December. So go figure. They took the best window of time to do it, as the CBI has said all along that January is the best time for accounting reasons.
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Miracle Call with Scott Mowry:
We will have Sunday recorded calls until the big Event.
The phone number is the same each Sunday. 980 346 0068 767664# then# again.
If you have a problem with that them just do the Back up number 720 944 1207. Then 980 346 0068. Then 767664# then # again.
MARKETS A LOOK AHEAD: Critical Updates... What To Look For.
Greg Mannarino: 11-6-2022
China and Russia are destroying the dollar!
Deepin Moments: 11-7-2022
As the Federal Reserve raises interest rates frequently and aggressively, the U.S. dollar continues to strengthen, while many countries face a crisis of rising imported inflation and devaluation of their currencies.
The driving force behind this is the United States and its dollar hegemony. With the help of monetary policy and exchange rate tools, it relies on the dollar hegemony to push up global inflation and debt levels, squeeze the monetary policy space of other countries and keep harvesting the world's wealth.
In this situation, more and more countries are realizing that it is time to get rid of the dominant position of the dollar and promote the process of "de-dollarization".
More News, Rumors and Opinions Sunday Afternoon 11-6-2022
KTFA:
Samson: Has the Ministry of Finance determined the price of a barrel of oil in the 2023 budget?
06/11/2022 17:24:25
An informed source revealed today, Sunday, the actual start of the Ministry of Finance to prepare a draft federal budget law for the year 2023.
The source stated {to Al-Furat News} that: "The Ministry of Finance has started the first steps, meetings and preparations for the ministries concerned with preparing the draft budget law."
The source added, "So far, the price of a barrel of oil that will be approved, or the initial budget figure, has not been determined."
KTFA:
Samson: Has the Ministry of Finance determined the price of a barrel of oil in the 2023 budget?
06/11/2022 17:24:25
An informed source revealed today, Sunday, the actual start of the Ministry of Finance to prepare a draft federal budget law for the year 2023.
The source stated {to Al-Furat News} that: "The Ministry of Finance has started the first steps, meetings and preparations for the ministries concerned with preparing the draft budget law."
The source added, "So far, the price of a barrel of oil that will be approved, or the initial budget figure, has not been determined."
A member of the Finance Committee, Jamal Cougar, revealed the features of the 2023 budget, stressing that it will approach from 130 to 150 billion dollars, at a fixed exchange rate based on the price of crude between 70 to 75, and that it will be a different investment budget to provide services, meaning that it will be a real budget. LINK
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Courtesy of Dinar Guru
Frank26 Article: "Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term “corruption pandemic” Quote: "And on the financial budget for 2023, the Prime Minister announced that he "directed all ministries today to prepare the 2023 budget and determine its priorities, as we are keen to present the budget as soon as possible." WHICH ALSO MEANS PRESENTING THE NEW EXCHANGE RATE AS SOON AS POSSIBLE.
Pimpy Once again they are talking about changing the exchange rate. The interesting thing...is the back and forth about whether or not they're going to do it...Sadr as...the Coordinating Framework...[made] promises to do something about the exchange rate if they control the government. But we do know the decision is not up to the Iraqi government. It's up to the Central Bank of Iraq to make those decision.
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TNT:
Harambe: Iran’s Rial Slumps to Record Low Amid Protests, Nuclear Talks | Bloomberg
11/5/22
The Iranian rial fell to its lowest level ever recorded in the country’s unregulated, open market on Saturday as protests against the government continued and hopes of reviving the nuclear deal remained slim.
The rial slumped to an average of 363,500 to the US dollar, according to two exchange shops in the capital Tehran and local websites monitoring foreign currency prices. The rial has lost more than 40% against the dollar since August 2021, when ultraconservative cleric Ebrahim Raisi, who had pledged to rein in a turbulent currency market, was sworn in as Iran’s new president.
The rial’s plunge comes as the regime has struggled to quell anti-government protests that began in mid-September over the death in custody of 22-year-old Mahsa Amini after she was arrested for allegedly breaching the country’s Islamic dress codes.
The depreciation can be attributed in part to a lack in progress in reviving the Iran nuclear deal, which would end sanctions against the regime in return for a commitment to curb its nuclear program, a foreign currency trader who asked not to be identified said in a phone call with Bloomberg News. The currency is also suffering from heavy capital outflows from the stock market as Iranians look to raise cash to buy foreign currency to hedge against economic and political instability, the person said.
China & Saudi Arabia Already Unleashed Hell On The Dollar, Now The Whales Are Next | Peter Schiff
Two Dollar Investing: 11-5-2022
China & Saudi Arabia Already Unleashed Hell On The Dollar, Now The Whales Are Next | Peter Schiff Peter Schiff warns of the incoming sell off of the century
The U.S. buys Russian oil to sell to Europe!
Deepin Moments: 11-6-2022
A recent media report reveals how Russian oil bypasses sanctions and ends up in the United States: First, it should be clear that the U.S. sanctions against Russia are on crude oil, not refined products. Second, Lukoil, Russia's second-largest oil company, is not on the U.S. government's sanctions list, and the EU embargo on Russian oil is not yet fully in effect.
Lukoil has the fifth-largest refinery in Europe, the Sicily refinery in Italy, which has processed crude oil from several countries, 93 percent of which is imported from Russia. Under sanctions, U.S. refineries cannot process Russian crude oil, but Italian refineries can.
After refining at the Italian refinery, the country of origin of the oil "changed" from Russia to Italy. The media said this is a method that has long been used to tamper with the origin of oil.
Finally, the refined product enters ExxonMobil and Lukoil plants in New Jersey and Texas and is distributed to Lukoil stations in 11 U.S. states, completing the importation of oil into the United States.
Economists Views on Gold and USD 11-6-2022
Central Banks Are Dumping Dollars For GOLD - 55-Year Record Broken!
Sean Foo: 11-6-2022
The gold buying spree is not stopping. We have the biggest whales, central banks, starting to hoard record amounts of gold, even as prices start to come down, even during an economic crisis.
But this time, there are big mystery buyers keeping their purchases secret and off the books.
If this is true and if a particular country is buying, it is a clear signal that de-dollarization is getting worse. Here's what you must know!
Central Banks Are Dumping Dollars For GOLD - 55-Year Record Broken!
Sean Foo: 11-6-2022
The gold buying spree is not stopping. We have the biggest whales, central banks, starting to hoard record amounts of gold, even as prices start to come down, even during an economic crisis.
But this time, there are big mystery buyers keeping their purchases secret and off the books.
If this is true and if a particular country is buying, it is a clear signal that de-dollarization is getting worse. Here's what you must know!
Record amount of gold bought by central banks in Q3 and there are mystery buyers
Kitco News: 11-5-2022
Gold saw $50 gains on Friday after a very turbulent week.
October employment report and signs that China could be easing its Covid Zero policies pushed prices higher.
Here's a look at Kitco's top three stories of the week:
News, Rumors and Opinions Sunday Morning 11-6-2022
KTFA:
Samson: Iraq is the largest purchaser of gold in the second quarter of 2022
6th November, 2022
Today, Sunday, the World Gold Council announced that Iraq is the country that is the largest purchaser of the yellow metal for the second quarter of 2022, while maintaining its 30th rank in the world among the largest countries in possession of gold reserves
The council said in its latest schedule for the month of November 2022, which was reviewed by Al-Iqtisad News, that "Iraq jumped to the 30th rank after it was the largest purchaser for the second quarter of the current year 2022, after purchasing 33.90 tons of gold, bringing its reserve balance to 130.4 tons, which is Equivalent to 9.4 of the rest of his other reserves
He added that "Turkey was the most buying country for gold for the third quarter of 2022, with a rate of 31.17 tons, bringing its reserves to 488.9 tons and reaching the 13th rank, while Egypt was the largest buyer for the first quarter of 2022 with 44.9 tons
KTFA:
Samson: Iraq is the largest purchaser of gold in the second quarter of 2022
6th November, 2022
Today, Sunday, the World Gold Council announced that Iraq is the country that is the largest purchaser of the yellow metal for the second quarter of 2022, while maintaining its 30th rank in the world among the largest countries in possession of gold reserves
The council said in its latest schedule for the month of November 2022, which was reviewed by Al-Iqtisad News, that "Iraq jumped to the 30th rank after it was the largest purchaser for the second quarter of the current year 2022, after purchasing 33.90 tons of gold, bringing its reserve balance to 130.4 tons, which is Equivalent to 9.4 of the rest of his other reserves
He added that "Turkey was the most buying country for gold for the third quarter of 2022, with a rate of 31.17 tons, bringing its reserves to 488.9 tons and reaching the 13th rank, while Egypt was the largest buyer for the first quarter of 2022 with 44.9 tons
The United States of America still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,355 thousand tons, and then Italy, 2,451 thousand tons, while the Lao People’s Republic ranked 100, with a rate of 900 kilos, preceded by the Republic of Cape Verde with 1 tons as well
On June 27, Iraq announced the purchase of new quantities of gold, amounting to approximately (34) tons, an increase of 35% over what was in its possession
It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world LINK
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Samson: Iraq ranked first in the most importing countries from Jordan in 10 months
6th November, 2022
Today, Sunday, the Amman Chamber of Commerce announced that Iraq ranked first and for the third month in a row, with the most importing countries during 10 months of the current year 2022
The Chamber said in a statement seen by "Al-Iqtisad News", that "during the past 10 months of the current year 2022, goods and commodities were exported to Arab and foreign countries, amounting to about 742 million dinars, compared to 599 million dinars for the same period last year
And she added, "Exports were distributed in terms of value during the past 10 months of this year to Iraq with a value of about 188 million dinars, Egypt 98 million dinars, Saudi Arabia 94 million dinars, the UAE 76 million dinars, then India with a value of 33 million dinars
The Jordanian dinar is equal to about 70 US dollars
And they pointed out that "the value of exports of foreign products (re-exports) amounted to about 320 million dinars, industrial 187 million dinars, agricultural 143 million dinars, then Arab products with a value of 60 million dinars, and the rest for many other different products
And she indicated that "the Amman Chamber of Commerce issues certificates of origin for agricultural and animal products and raw Jordanian natural resources, for foreign goods that are being re-exported, and for foreign goods purchased from the local market under specific conditions LINK
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Iraq and the Netherlands discuss signing a memorandum of cooperation in the field of combating terrorism LINK
Iraq and Greece stress the importance of working to develop economic relations LINK
The President of the Emirates calls the Sudanese and discusses the overall bilateral relations between the two countries LINK
The Minister of Defense and his Saudi counterpart affirm the depth of bilateral relations between the two countries LINK
The Iraqi Foreign Minister briefs his Jordanian counterpart on political developments and features of the next stage LINK
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Samson: On charges of forgery and "stealing the century"... Recruiting an Islamic bank manager and freezing banking activities for another
6th November, 2022
The anti-crime office in Mahmudiya district, south of the capital, Baghdad, issued a summons order against the director of a private bank, while the Central Bank of Iraq suspended another bank for its involvement in "the theft of the century".
According to a document obtained by Shafak News Agency; A summons order was issued against the Chairman of the Board of Directors of Spectrum Islamic Bank on charges of forging an official document.
Another document, seen by Shafak News Agency, showed that the Central Bank issued an order to stop the activities of Al-Wad Islamic Bank due to its involvement in the "stealing of the century" case.
The Iraqi judiciary had previously issued arrest warrants against a number of accused of "theft of the century", confiscation of movable and immovable funds, and seizure of real estate belonging to them and their families. LINK
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Courtesy of Dinar Guru
Mnt Goat Article: "IS IT TIME TO CHANGE THE EXCHANGE RATE?" Quote: "...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." Alleluia! Alleluia! Yes, this...is exactly what we want to hear. I do not think they will ever tell us directly they will reinstate the dinar but we know if they do the project to delete the zeros they will have to reinstate it. Plus the CBI told us this is the next step way back in 2011 when the told us the overall process of how to get the dinar back to FOREX. By the way this is the second article already in a week that they mentioned the project to delete the zeros….
Frank26 Article: "Al-Sudani resolves the position on the re-change of the dollar exchange rate and calls the term “corruption pandemic” Quote: "And on the financial budget for 2023, the Prime Minister announced that he "directed all ministries today to prepare the 2023 budget and determine its priorities, as we are keen to present the budget as soon as possible." WHICH ALSO MEANS PRESENTING THE NEW EXCHANGE RATE AS SOON AS POSSIBLE.
Breaking News! Iraqi Premier to Raise Dinar Value! Central Banks Buy Record in Gold! US Rep Charged!
Dr. Kia Pruit: 11-5-2022
So much is going on in the geopolitical arena today, but we are encouraged, because things are working in our favor! It appears that the IQD could revalue soon. It also appears that the new gold-backed United States Note will be soon announced.
Alasdair Macleod: Credit Suisse Rescue Catastrophic! Banking Sector on the Verge of Bankruptcy
As Good as Gold: 11-5-2022
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview Alasdair Macleod, Advisor to AGAGA. Has the 'economic hurricane' that Jamie Dimon referred to hit our shores?
The RBA continues to stick to their word, increasing rates in an attempt to curb inflation, up 0.25% - 2.85%. Inflation here in Australia is now at 7.3%, and Australia's debt to income ratio now stands at 185% - a new record.
As cost of living expenses continue to escalate in the US, the FED is about to confirm another rate hike. So where to from here? Will the FED continue to tighten? How long before they pivot and introduce another bout of QE?
Further rises in interest rates will eventually break the economy, and contracting bank credit will put banks at risk.
With commodity prices, generally subdued, gold and silver were quiet backwaters, but the technical situation is becoming potentially explosive - what does this mean?
Where to with gold and silver from here? Physical gold sales worldwide are up 28% YOY - these are World Gold Council numbers.
Saudi Arabia wants to join BRICS. The Egyptian Central Bank Govenor wants the Pound backed by gold. There's wars, inflation running rampant, and the world is in economic chaos - it's a perfect environment for gold.