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

Economic News From Saudi Arabia, Germany, Russia, China and more.....11-16-2022

.Refusal of peace talks! Germany, Japan, Saudi Arabia continue sanctions against the dollar!

Deepin Moments: 11-16-2022

As we all know, as the world's main reserve currency, the reserves of the world's central banks are invariably dominated by theUS dollar, and almost all international trade is denominated in theUS dollar, with more than 85% of the world's daily trade volume of more than $6 trillion being settled inUS dollars.

With its irreplaceable role in international circulation, theUS dollar has always dominated the world economic system.

Refusal of peace talks! Germany, Japan, Saudi Arabia continue sanctions against the dollar!

Deepin Moments:  11-16-2022

As we all know, as the world's main reserve currency, the reserves of the world's central banks are invariably dominated by theUS dollar, and almost all international trade is denominated in theUS dollar, with more than 85% of the world's daily trade volume of more than $6 trillion being settled inUS dollars.

With its irreplaceable role in international circulation, theUS dollar has always dominated the world economic system.

https://www.youtube.com/watch?v=YZ5XaL9gn0I

Saudi Arabia And OPEC JUST ANNOUNCED Deeper Oil Production Cuts That SHOCKS The Entire World

Tech Revolution:  11-15-2022

After the Yom Kippur War of 1967 between Israel and Arab states, a new cartel of oil producers emerged as a major player in international affairs. The Western nations that had supported Israel were cut off from oil supplies by the Organization of Arab Petroleum Exporting Countries.

And this includes Saudi Arabia and the United Arab Emirates. In fact, it was the greatest worldwide shortage of oil. Now, just last month, Saudi Arabia, OPEC and OPEC+ announced deeper oil production cuts that shocked the world.

Beginning in early October, OPEC+, an oil cartel led by Saudi Arabia, announced that it would reduce oil production by 2 million barrels per day. It was a move that would lead to an increase in the price of oil only one month before the midterm elections.

It was said that Riyadh was cooperating with Russia, another major OPEC+ member that would benefit from the shift.

And Senate Majority Leader Chuck Schumer claims that what Saudi Arabia did to aid Putin in his horrible war is unforgivable. Furthermore, he said that the United States will never forget Russia's brutal assault on Ukraine. However, Saudi Arabia pressed for a deeper oil output reduction than Russia's Vladimir Putin.

Two Saudi sources familiar with the discussions said that the Russians were taken aback by this. And this suggests that Riyadh's motivations go more profound than many prominent Democrats are willing to accept. Now, they were afraid of retaliation from the Saudi authorities, so they asked to remain anonymous.

The Saudis reportedly want a much steeper output cut than Russia and the other OPEC+ members first requested. And according to Reuters on September 27th, Russia preferred a cut of 1 million barrels per day, which was just half of what was eventually agreed upon.

 Then, on October 5th, OPEC+ declared it would reduce output by 2 million barrels per day. White House National Security Council Spokesperson John Kirby claimed on October 14 that some OPEC+ countries had reservations about the decrease but gave in after being pressured by Saudi Arabia. But he wouldn't say which countries in particular.

But reports say Kuwait, Iraq, Bahrain, and even the United Arab Emirates, a strong friend of Saudi Arabia, are among the OPEC+ nations that have discreetly pushed back against the decrease.

Reportedly, these nations were worried that output cuts might trigger a recession, which would lower the oil demand. According to the sources, Saudi Arabia, a putative friend, pushed for even harsher cutbacks than Russia, a foe of the US, thought they could get away with.

Many in Washington, DC, believe that Saudi Crown Prince Mohammed bin Salman secretly supports Vladimir Putin.

One insider, a Saudi close to the royal family, added, "But I think MBS is even more Putinian than Putin." MBS is Crown Prince Mohammed bin Salman of Saudi Arabia and the country's de facto ruler. The Saudi government has said it made the change for purely economic reasons. And democrats in high places, including the White House, have claimed that the Saudis are working to strengthen their relationship with Russia.

As Kirby put it, "the facts are plain," despite the Saudi foreign ministry's best efforts at spin and deflection. He also said that the OPEC members were aware that cutting oil output would "boost Russian earnings and dilute the effects of sanctions against Russia" during its invasion of Ukraine.

Many prominent Democrats have come to agree with this message. However, analysts claim that the cut is aimed directly at the Democratic Party, which is something that Democratic leaders have been hesitant to recognize in public.

So why did the Saudi government cut production despite US recommendations to the contrary?

ABRAHAM ACCORDS The formalization of ties between the United Arab Emirates and Israel and strategic coordination with Saudi Arabia will lessen the necessity for direct American participation in the area. Moreover, the United States is less important as a neutral third-party mediator and facilitator in the three nations' joint efforts to counter Iran.

Russia and China have also taken the initiative to discuss security and commerce with the United Arab Emirates and Saudi Arabia. Furthermore, the Abraham Accords illustrate how the United States may benefit and suffer from the success of a strategy.

One positive effect for the United States would be fewer American soldiers and fewer resources committed to the Middle East.

https://www.youtube.com/watch?v=7boR3Z8HPr4

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

News, Rumors and Opinions Wednesday Morning 11-16-2022

.RV Excerpts and Rumors from the Restored Republic via a GCR Update as of Wed. 16 Nov. 2022

Compiled Wed. 16 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 15 Nov. Evening MarkZ: Many rumors out there from banking contacts this afternoon that the Church Groups or the final parts of Tier 3 are going to start paying out in the next day. We will see how that one works out.

On Fri. 11 Nov. a private banker’s US Treasury Contact informed Bank of America that Gold and Gold-backed assets’ opening day was Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines early this next week.

RV Excerpts and Rumors from the Restored Republic via a GCR Update as of Wed. 16 Nov. 2022

Compiled Wed. 16 Nov. 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Tues. 15 Nov. Evening MarkZ: Many rumors out there from banking contacts this afternoon that the Church Groups or the final parts of Tier 3 are going to start paying out in the next day. We will see how that one works out.

On Fri. 11 Nov. a private banker’s US Treasury Contact informed Bank of America that Gold and Gold-backed assets’ opening day was Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines early this next week.

Read full post here:  https://dinarchronicles.com/2022/11/16/restored-republic-via-a-gcr-update-as-of-november-16-2022/

Rinus Verhagen: It is Now Ramping up to a Climax

Tuesday, 15 November 2022

It is now ramping up to a climax with an attack in Poland to provoke WW3.

Now that all the info is coming out, the Cabal will shut down the Internet for the people, I’m pretty sure.

One bad luck then all the Banks will be down too because no more payments can be made, so the Cabal will shut down its own SWIFT system to hide the truth from the world population.

Now let the White Hats pursue this as well, then through Starlink the New Internet will go on the air.

Since then no more support will be given to the SWIFT system, only the AIIB, CIPS system vis the QFS will be in charge.

Read Full Article:
https://operationdisclosureofficial.com/2022/11/15/false-flag-to-cut-off-the-internet-english-dutch-german/

https://dinarchronicles.com/2022/11/15/rinus-verhagen-it-is-now-ramping-up-to-a-climax/

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Courtesy of Dinar Guru

Pimpy  My hopes are that once all the reform has taken place that we're going to be able to see Iraqi [dinar] being bought and sold again at our local banks.  They should have the restrictions removed off of them and hopefully we see them on the Forex.  Then the market will determine the actual value or the Iraqi dinar...

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: The CBI is constantly telling us the rate will not  be changed upon the  '23 budget.  But that does not bother us anymore...we simply wait and see.  FRANK:  I don't care that it comes from the CBI because it's not coming from the governor.  It's coming from the liars of the Framework...if you see the governor come out and tell you then we would consider it.  But he is not...

Central Banks Warn of Forced Selling

Lynette Zang:  11-15-2022

I have been hearing the term "forced selling" quite a lot recently. Do you know what forced selling means? It means stock market and bond market collapse.

 I was there in 1987 on Black Monday. I know what that looks like, smells like, tastes like everything.

And let me tell you something else. When there is forced selling, everything gets sold with it except for physical gold and physical silver.

Chapters:

 0:00 What is Forced Selling?

1:38 Alchemists of Wall Street

8:19 Corporate Defaults Coming

10:47 Fed’s Latest Rate Hike

13:22 Forced Sale on Consumer Goods

15:43 ECB Warning

20:13 Gold Mining Reached Record High

https://www.youtube.com/watch?v=KrZ6MU32X-4

Bob Kudla joins me to make some sense of the markets. 11/15/2022

MarkZ:  11-15-2022

https://www.youtube.com/watch?v=u6dd23uaGP4

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

Awake-in-3D: The World is Preparing for a Massive Gold Revaluation and Fiat Debt Cancellation

Awake-in-3D: The World is Preparing for a Massive Gold Revaluation and Fiat Debt Cancellation

November 15, 2022

The World is Preparing for a Massive Gold Revaluation and Fiat Debt Cancellation

Back on November 7th, I posted my position on why central banks are buying record amounts of gold.

I specifically stated that they’re planning for a global “Gold Revaluation” and, as we should all be aware, physical gold was upgraded to a Class 1 asset under the banking industry’s Basel 3 Accords.

Also consider that it is the central banks that hold most of the world’s national (government) debt. Consequently, it’s not financial rocket science to mathematically calculate a path to cancelling (or neutralizing) government debt worldwide under such a plan.

Therein also lies the path to backing national currencies with newly revalued gold assets.

Awake-in-3D: The World is Preparing for a Massive Gold Revaluation and Fiat Debt Cancellation

November 15, 2022

The World is Preparing for a Massive Gold Revaluation and Fiat Debt Cancellation 

Back on November 7th, I posted my position on why central banks are buying record amounts of gold. 

I specifically stated that they’re planning for a global “Gold Revaluation” and, as we should all be aware, physical gold was upgraded to a Class 1 asset under the banking industry’s Basel 3 Accords. 

Also consider that it is the central banks that hold most of the world’s national (government) debt. Consequently, it’s not financial rocket science to mathematically calculate a path to cancelling (or neutralizing) government debt worldwide under such a plan.

Therein also lies the path to backing national currencies with newly revalued gold assets. 

Certainly, the details and structure of such a plan are mostly unknown moving forward. The role of central banks would change dramatically. Perhaps this sets the stage for central banks being merged with national government Treasury departments (such as the FED and UST), thus ending the era of Fiat Central banking altogether. 

It could also see an end to fractional reserve lending by commercial and retail banks. 

It certainly looks promising!

The next step for a global gold revaluation to become feasible would be for central banks worldwide to acquire enough gold to establish an equal gold per GDP ratio among countries/economies worldwide. 

This is already happening in Europe under their secretive, 10-year gold equity Agreement (it’s real). BRICS nations are doing something similar.

Once gold/GDP is achieved, a massive gold revaluation would potentially put global currencies on a level playing field with exchange rates near 1:1 for international trade. 

Does all of this sound familiar? Yes, it’s a global RV/GCR. 

Another possibility is that once a gold revaluation occurs, it sets the stage for CBDCs to be gold-backed. But I don’t want to get too far ahead of myself at this point. 

Suffice it to say, a global gold revaluation could very well be “The Event” we’re waiting for. Yet, without a change/overhaul of our corrupt, political systems, we’d still be the Subjects to an Elite-driven power structure. And that’s where We come in. Humanity will have to take a stand and reject the Elitists with unbreakable unity. 

I think we will!

@GCR_RealTimeNews

Many Blessings,

Ai3D

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

NEW RV/GCR FACT-BASED NEWS CHANNEL ON TELEGRAM

Awake-In-3D reports on “real world” financial events in the context of an emerging asset-backed Global Currency Reset as Central Banksters fight hard to preserve their collapsing Fiat Currency regime and dominance over humanity.

Providing unique commentary, backed by factual articles and reference links, the new "GCR Real-Time News" channel provides readers with a critical-thinking approach to world financial events documenting this historical financial Shift which is unfolding at this very moment. 

Link to join:   https://t.me/GCR_RealTimeNews 

I don't sell products and this channel is not monetized. I'm not competing with other news sites. My only goal is providing Unique GCR commentary and analysis as a beneficial public service to GCR-Land.

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Advice, Economics, Personal Finance, Misc. DINARRECAPS8 Advice, Economics, Personal Finance, Misc. DINARRECAPS8

Sam Bankman-Fried vs. The Match King (Enigmatic Charlatans Are As Old As Time)

.Sam Bankman-Fried vs. The Match King (Enigmatic Charlatans Are As Old As Time)

Posted November 13, 2022 by Ben Carlson

“Everything in life is founded on confidence.” – Ivar Kreuger

On October 28, 1929, Swedish businessman Ivar Kreuger appeared on the cover of Time Magazine.

He was one of the most talked about people in the United States at the time because he was rich, powerful and mysterious. Kreuger controlled three-quarters of the production and sales of matches, owning more than 200 match factories in 35 different countries all around the globe.1

The Match King, as he was called, owned a private island in the North Sea and apartments all over the world. He was friends with actress Greta Garbo and an advisor to President Herbert Hoover. Kreuger played a prominent role in the Nobel Prize ceremonies and had business dealings with world leaders and prime ministers.

Sam Bankman-Fried vs. The Match King  (Enigmatic Charlatans Are As Old As Time)

Posted November 13, 2022 by Ben Carlson

“Everything in life is founded on confidence.” – Ivar Kreuger

On October 28, 1929, Swedish businessman Ivar Kreuger appeared on the cover of Time Magazine.

He was one of the most talked about people in the United States at the time because he was rich, powerful and mysterious. Kreuger controlled three-quarters of the production and sales of matches, owning more than 200 match factories in 35 different countries all around the globe.1

The Match King, as he was called, owned a private island in the North Sea and apartments all over the world. He was friends with actress Greta Garbo and an advisor to President Herbert Hoover. Kreuger played a prominent role in the Nobel Prize ceremonies and had business dealings with world leaders and prime ministers.

The man was treated like a celebrity.

There were even plans to use his story to depict the American dream in a full feature-length film. That movie never saw the light of day because he shot and killed himself shortly thereafter as his empire of fraud came crumbling down in the Great Depression.

Before it all came to an end, he created one of the biggest business empires in the world.

Kreuger’s take-no-prisoners approach to business quickly allowed him to turn his match company, International Match Corporation, into a monopoly in the space.

Many countries were cash-strapped from their World War I debts. So Kreuger’s strategy for world domination of the match industry was to loan money to needy countries at favorable terms so government officials would allow him to buy up the match companies and factories within their borders.

The problem is International Match was only getting 6-8% in interest on those loans while Kreuger’s financial holding company was paying out double-digit dividends to investors, upwards of 15-30% in some cases.

It doesn’t take a genius to understand that spread does not make for a sustainable business model. But Kreuger was a master at deception when it came to the financials of his various holding companies.

He was the only one who knew what the actual profit and loss numbers looked like for International Match and all his various financial holding companies. In fact, Kreuger created some four hundred different off-the-book conduits to move money around and hide what was really going on.

He was so good at hiding what was really going on that his board and investors had no clue what was really going on. In fact, they had total faith in the Match King because he was so well-connected politically.

Percy Rockefeller, the nephew of John Rockefeller, was a member of the board of directors. Rockefeller gushed to other board members, “He [Kreuger] is on the most intimate terms with the heads of European Governments. Gentlemen, we are fortunate indeed to be associated with Ivar Kreuger.”

Little did Rockefeller know that Kreuger faked calls to prime ministers and presidents to prove how powerful he was.

He had some relationships but not nearly as many as his board thought.

 Kreuger’s match business was on the way out as a profitable business once electricity became more ubiquitous but the stock market was on its way in as all sorts of new and exciting financial products were created during the roaring 20s.

To continue reading, please go to the original article here:

https://awealthofcommonsense.com/2022/11/sam-bankman-fried-vs-the-match-king/

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

Finally! Saudi Arabia's Partnership With China Will Collapse the US Economy

FINALLY! Saudi Arabia's Partnership With China Will Collapse The US Economy | OPEC+ BAN Petrodollar

Investing Futures: 11-15-2022

Is China & Saudi Arabia’s Partnership Closer than expected? | No Petrodollar? De-dollarization & BRICS!

The report that Chinese President Xi Jinping is planning his first overseas trip after the Party Congress and it may be to Saudi Arabia, drips with enormous symbolism.

According to the Wall Street Journal, the visit is likely to take place in early December and hectic preparations are underway. The daily cited people familiar with the preparations that the Chinese leader’s welcome is more likely to resemble the 2017 visit by Donald Trump in its pomp and pageantry.

FINALLY! Saudi Arabia's Partnership With China Will Collapse The US Economy | OPEC+ BAN Petrodollar

Investing Futures:  11-15-2022

Is China & Saudi Arabia’s Partnership Closer than expected? | No Petrodollar? De-dollarization & BRICS!

The report that Chinese President Xi Jinping is planning his first overseas trip after the Party Congress and it may be to Saudi Arabia, drips with enormous symbolism.

According to the Wall Street Journal, the visit is likely to take place in early December and hectic preparations are underway. The daily cited people familiar with the preparations that the Chinese leader’s welcome is more likely to resemble the 2017 visit by Donald Trump in its pomp and pageantry.

Predictably, the focal point will be the future trajectory of the Chinese-Saudi oil alliance, rather, the making of an oil alliance comparable to the Russian-Saudi framework of OPEC Plus.

That said, there is a great deal more to the forthcoming visit by Xi in geopolitics in the dramatically shifting alignments in the West Asian region and indeed its impact on the world order can be far-reaching.

The point is, both China and Saudi Arabia are major regional powers and any matrix involving them bilaterally will be highly consequential to international politics.

The Wall Street Journal said, Beijing and Riyadh seek to deepen ties and advance a vision of a multipolar world where the US no longer dominates the global order. At its core, therefore, both China and Saudi Arabia see the US retrenchment gathering momentum in the West Asian region.

One major item of discussion during Xi’s visit to Saudi Arabia will be the latter’s Look East foreign-policy strategy that anticipated the US retrenchment at least by the middle of the last decade.

Xi’s visit to Saudi Arabia in 2016 was a landmark event. This latest round of talks and agreements comes very shortly after the signing of a multi-pronged memorandum of understanding (MoU) between the Saudi Arabian Oil Company, formerly the Saudi Arabian American Oil Company – ‘Aramco’, and the China Petroleum & Chemical Corporation (Sinopec), which can be regarded as a critical step in China’s ongoing strategy to secure Saudi Arabia as a client state.

As the president of Sinopec, Yu Baocai, himself put it: “The signing of the MoU introduces a new chapter of our partnership in the Kingdom, The two companies will join hands in renewing the vitality and scoring new progress of the Belt and Road Initiative [BRI] and Saudi Arabia’s Vision 2030.”

As a reminder, back in March 2018, China introduced yuan-priced oil contracts as part of its efforts to make its currency tradable across the world, but they haven’t made a dent in the dollar’s dominance of the oil market, largely because the USD remained the currency of choice for oil exporters.

But, as Pozsar also noted recently, for China the use of dollars has become a hazard highlighted by US sanctions on Iran over its nuclear program and on Russia in response to its invasion of Ukraine.

Today's historic transition is not exactly a surprise: China has been stepping up its courtship of the Saudi kingdom in recent years, helping Saudi Arabia build its own ballistic missiles, consulting on a nuclear program, and investing in Crown Prince Mohammed bin Salman’s pet projects, such as Neom, a futuristic new city.

 If Saudi Arabia joins BRICS, it would be a promotion to the Middle East countries to strengthen their ties with BRICS countries and weaken the intervention and influence of the US in the area. The oil for security framework between Saudi Arabia and the US needs to be adjusted in light of the evolving international situation

https://www.youtube.com/watch?v=2pfEM8xXJ5A

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

More News, Rumors and Opinions Tuesday Afternoon 11-15-2022

KTFA

Samson: Iraq is the fifth largest oil producer in the world

15th November, 2022

Iraq ranked fifth among the most oil-producing countries in the world, according to an American website.

And the American World Review website said in a report seen by Shafak News Agency that "Iraq ranked fifth as the largest oil producer in the world, with an average of 4.260 million barrels per day, after each of: the United States, which came first at a rate of 11.567 million barrels per day, and Russia came second with a rate of 10,503 million barrels. per day, and then Saudi Arabia came third with a rate of 10.225 million barrels per day, and Canada came fourth with a rate of 4.665 million barrels per day.

KTFA

Samson:  Iraq is the fifth largest oil producer in the world

15th November, 2022

Iraq ranked fifth among the most oil-producing countries in the world, according to an American website.

And the American World Review website said in a report seen by Shafak News Agency that "Iraq ranked fifth as the largest oil producer in the world, with an average of 4.260 million barrels per day, after each of: the United States, which came first at a rate of 11.567 million barrels per day, and Russia came second with a rate of 10,503 million barrels. per day, and then Saudi Arabia came third with a rate of 10.225 million barrels per day, and Canada came fourth with a rate of 4.665 million barrels per day.

And she added, "China came sixth with a rate of 3.969 million barrels per day, then the UAE came seventh, with a rate of 2.954 million barrels per day, and then Brazil came eighth, with an average of 2.852 million barrels per day, and Kuwait came ninth, at a rate of 2.610 million barrels per day, and in the tenth place Iran came with a rate of 2.546 million. barrels per day.

She noted that "the United States surpassed Russia and Saudi Arabia in its oil production in 2018, despite the presence of many countries with large oil reserves, but despite the United States of America being the largest producer in the world, it is also the largest consumer of oil in the world and imports additional oil from Several countries, including Iraq.  LINK

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Samson:  The US Federal Reserve suspends money transfers to 14 Iraqi banks

15th November, 2022

\In an economic step, the first of its kind in Iraq in years, the US Federal Bank stops money transfers to 14 Iraqi banks, and opens an investigation into the files of these banks, in preparation for their inclusion in the black list.

The US Federal Reserve's decision to stop money transfers with Iraqi banks came as a result of accusing these banks of smuggling money from the currency auction illegally.

An informed source said in an interview with ( The Journal ), that “the US Federal Bank issued its decision to stop money transfers to 14 Iraqi banks, on charges of smuggling money from the currency auction (of the Central Bank), to countries under US sanctions, without revealing the name of the source. These banks. He added, "The Federal Reserve has opened an investigation into the records of these banks, and this will result in greater and broader penalties, including the inclusion of these banks on the black list, and work with them will end."

The blacklisting penalty stipulates that all financial transactions between the US financial system and the listed bank will be suspended and punished. These sanctions came less than a month after Muhammad Shiaa al-Sudani assumed the presidency of the new government and pledged to work to put the Iraqi economy on the right track.

Today, Tuesday, the Iraqi market witnessed speculations in the dollar exchange rate, as it recorded today 148,500 Iraqi dinars for 100 US dollars, knowing that the official pricing from the Iraqi Bank is 1450 dinars per one US dollar.

 The dollar exchange rate rose to record levels, a difference of 3,500 dinars from the official real rate from the Central Bank, and this benefits speculators from the owners of banking companies, who started today by buying only dollars and not selling.

The Iraqi economy suffers from large economic inflation due to political problems, instability of the financial market, high rates of corruption and money smuggling, which created a kind of mistrust among the Iraqi citizen, and that the Journal could obtain statements from the Central Bank of Iraq on the subject, which witnessed the suspension of dealings in dollars with four of the largest banks during this month and for the same reasons.  LINK

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Courtesy of Dinar Guru

Frank26   Article:  "Al-Mandalawi stresses the need to expedite the presentation of the budget law"   THIS IS THE LAW THAT WILL GIVE IRAQ ITS BUDGET, ITS REFORM, ITS WHITE PAPERS, ITS CONTRACTS, & ITS EXCHANGE RATE WITH NSCN's (new small currency notes) TO MATCH THE MATH.

Nader From The Mid East  A lot of talk about the budget.  They're gonna pass it November/December...they said between the 18th and 22nd (this month).  I think they're gonna pass it.  They have no choice...Here's the thing.  I always expect the worst...don't think it's gonna change the day after the budget comes out...you never know...even if the exchange rate is in the budget I think it's not going to be what we think.  It's gonna graduate though from there.

Full liquidation of the dollar! Argentina launches RMB (Chinese Renminbi)  settlement mechanism!

Deepin Moments:  11-15-2022

Since the outbreak of the Russia-Ukraine conflict, in order to solve the high inflation rate in the United States, the Federal Reserve has raised interest rates one after another to harvest global wealth, which also led to many countries affected and thus fell into an inflationary crisis.

With the U.S. debt, coupled with the U.S. economy showed obvious signs of recession, finally following Russia, Iran, Egypt, India after another country to join the ranks of "de-dollarization".

According to reports, on November 8, local time, Argentina officially launched the RMB clearing bank service. This also means that China and Argentina can skip the dollar and use the yuan directly when settling trade in the future.

This is also seen by the media as a clear signal of Argentina's "de-dollarization".

https://www.youtube.com/watch?v=Btbxu_-Ed7Q

US Dollar TUMBLES! 10-Year Yield FALLS! The MMRI DROPS! And Inflation Continues To Rise.

Greg Mannarino:  11-15-2022

https://www.youtube.com/watch?v=YFR8qIUcExg

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

News, Rumors and Opinions Tuesday AM 11-15-2022

RV Excerpts and Rumors from the Restored Republic via a GCR as of Tues. 15 Nov. 2022

Compiled Tues. 15 Nov. 2022 12:01 am EST by Judy Byington

The Storm Rider:

The U.S. Deep State Banking system was trying to buy as much gold as they could and put into ledgers and false books to falsely show that they had enough gold to start their own Digital Banking System backed by Gold.

The Western financial crash was happening and the escalation was becoming evident. As most ANONS, PATRIOTS Freedom Fighters knew last year had already begun the Economic COLLAPSE with MSM, Wall Street, Western governments hiding the Real economic numbers and Collapse.

Blackrock filed for bankruptcy, while the Rothschilds/Rockefeller Banking System collapsed.

RV Excerpts and Rumors from the Restored Republic via a GCR as of Tues. 15 Nov. 2022

Compiled Tues. 15 Nov. 2022 12:01 am EST by Judy Byington

The Storm Rider:

The U.S. Deep State Banking system was trying to buy as much gold as they could and put into ledgers and false books to falsely show that they had enough gold to start their own Digital Banking System backed by Gold.

The Western financial crash was happening and the escalation was becoming evident. As most ANONS, PATRIOTS Freedom Fighters knew last year had already begun the Economic COLLAPSE with MSM, Wall Street, Western governments hiding the Real economic numbers and Collapse.

Blackrock filed for bankruptcy, while the Rothschilds/Rockefeller Banking System collapsed.

On the Global Currency Reset: On Fri. 11 Nov. a private banker’s US Treasury Contact informed Bank of America that Gold and Gold-backed assets’ opening day was Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines early this coming week.

Global Economic Crisis:

Europe and the UK will fall into recession this winter. Brussels officially warns of a recession in the EU amid a decline in production in Germany. The Euro Zone is facing a gloomy winter, according to the European Commission. The Bank of England expects the UK recession to be the longest since records began in the 1920s, and says unemployment will almost double. https://www.bloomberg.com/news/articles/2022-11-11/eu-says-recession-is-now-here-and-inflation-shock-will-linger-on#xj4y7vzkg

Read full post here:  https://dinarchronicles.com/2022/11/15/restored-republic-via-a-gcr-update-as-of-november-15-2022/

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Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]  FIREFLY: All these deals with other countries can't stay at a program rate.  We feel it will...not mess around with any of this 1190 mess but straight to 1 to 1 and then float from there.  Too many deals with too many countries that are taking major investments here.  FRANK:  There you go...now you're understanding and you are applying logic to what you are seeing with your own eyes from your leaders...things are moving at a very fast pace...when you see the international contracts being activated right in front of your eyes, before the 2023 budget is even open that tells me your new exchange rate is solid and as strong as titanium.

Walkingstick  [via Frank26]  All past budgets of Iraq have had a rate line item to calculate the budget's expenditures.  When you see the historical 2023 budget its goals are not a reality with a program rate.  That's why the CBI now educates the citizen at a faster quicker pace about the new exchange rate and about the new small category notes to match that new rate.  That new rate is coming to a bank near you.

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Countries by Gold Reserves 2022 - Comparison

Mega 3D:

Gold reserves by country data compiled statistics.Gold reserves of largest gold holding countries worldwide as of 2022 (in metric tons).

https://www.youtube.com/watch?v=7VAEcpCh9Xc

Big Big Trouble! DE-DOLLARIZATION Speed UP in Developing Countries, Refusal to trade via USD.

Deepin Moments:  11-14-2022

The US Federal Reserve announced another 75 basis point rate hike on the 2nd of this month. Since March this year, the Fed has raised interest rates six times in a row and the level of the US federal funds rate rose to its highest level since January 2008.

The Fed's aggressive interest rate hikes and the sharp appreciation of the US dollar have had serious and damaging consequences globally. Many countries have suffered currency depreciation, capital outflows, rising debt servicing costs, increased imported inflation and some have even fallen into currency or debt crises.

For a long time, the US has often used the hegemonic position of the US dollar in the international monetary system to transfer domestic crises, harvest world wealth and undermine the economic and financial stability of other countries.

The hegemony of the US dollar has become an important destabilising factor threatening the world economy. Warplanes whistling, missile barrage, building destruction, civilian casualties ......

In March 2011, the US and its allies launched airstrikes against Libyan government forces to help the Libyan opposition overthrow the Gaddafi regime. Some experts have pointed out that in addition to geopolitical factors, Khamis al-Gaddafi's previous offer not to use the US dollar for trade settlements, thus challenging the hegemony of the US dollar, was one of the reasons why Libya incurred the blow.

https://www.youtube.com/watch?v=v7AfWRVcBt8

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

"BRICS Are a Major Waking Giant , It's the West against the Rest" Willem Middlekoop

BRICS Are a Major Waking Giant, It’s the West Against the Rest, Warns Willem Middelkoop

Stansberry Research: 11-14-2022

With more and more countries joining, "the BRICS alliance is a waking giant," asserts Willem Middelkoop, CDF founder and best-selling author of The Big Reset: War on Gold and the Financial Endgame.

"It's the west against the rest of the world now," and a lot hinges on if Saudi Arabia joins BRICS or not, he tells Daniela Cambone.

Middelkoop discusses how he predicted, "Moscow and Beijing will seek a reconstruction of the world order," in his best-selling book, and there will be a gold revaluation as a part of the great reset.

BRICS Are a Major Waking Giant, It’s the West Against the Rest, Warns Willem Middelkoop

Stansberry Research:  11-14-2022

With more and more countries joining, "the BRICS alliance is a waking giant," asserts Willem Middelkoop, CDF founder and best-selling author of The Big Reset: War on Gold and the Financial Endgame.

 "It's the west against the rest of the world now," and a lot hinges on if Saudi Arabia joins BRICS or not, he tells Daniela Cambone.

 Middelkoop discusses how he predicted, "Moscow and Beijing will seek a reconstruction of the world order," in his best-selling book, and there will be a gold revaluation as a part of the great reset.

Physical gold's case has been made with "the popping of the crypto bubble," he argues. Bitcoin is here to stay, and it's healthy to have a shakeout in the digital asset market, Middelkoop continues. He concludes, "Bitcoin is digital gold, and the other alternative cryptos are Ponzi schemes."

https://www.youtube.com/watch?v=9W5PkLudcqE

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

More News, Rumors and Opinions Monday Afternoon 11-14-2022

.KTFA:

Samson: An African country supplies the European continent with gas for the first time in its history

13th November, 2022

Mozambique started exporting liquefied natural gas for the first time, and the first shipments in the country's history went to energy-hungry Europe, in a move described by the country's President Felipe Nyusi as historic.

In a video recording, Mozambican President Filipe Nyusi announced Sunday, that his country has officially started exporting liquefied natural gas produced in the north, explaining that his country is entering the "records of world history" with the departure of the first shipment of gas produced at the Coral Sol marine terminal operated by Eni. Italian, territorial waters.

He added, "I am honored to announce the start of the first exports of liquefied natural gas," noting that the cargo ship "British Spencer" is leaving the waters of Mozambique for the international market, adding that his country "today enters the records of world history as one of the countries exporting liquefied natural gas."

KTFA:

Samson:  An African country supplies the European continent with gas for the first time in its history

13th November, 2022

Mozambique started exporting liquefied natural gas for the first time, and the first shipments in the country's history went to energy-hungry Europe, in a move described by the country's President Felipe Nyusi as historic.

In a video recording, Mozambican President Filipe Nyusi announced Sunday, that his country has officially started exporting liquefied natural gas produced in the north, explaining that his country is entering the "records of world history" with the departure of the first shipment of gas produced at the Coral Sol marine terminal operated by Eni. Italian, territorial waters.

He added, "I am honored to announce the start of the first exports of liquefied natural gas," noting that the cargo ship "British Spencer" is leaving the waters of Mozambique for the international market, adding that his country  "today enters the records of world history as one of the countries exporting liquefied natural gas."

Gas prices on the European continent are now nearly 10 times higher than their average level over the past decade.

In February 2021, gas was trading in Britain at 38 pence per therm. But last August, its price reached 537 pence.

Mozambique hopes to become one of the world's largest natural gas exporters, after discovering gas reserves in the northern province of Cabo Delgado in 2010. But efforts to invest in gas were halted due to the rebellion of extremist Islamic organizations, which began about five years ago and is still ongoing, and has resulted in the deaths of more than 4,000 people, and the displacement of hundreds of thousands in the region.

The government believes that the gas discovery will boost the economy, but President Nyusi said Mozambique will continue to focus on "traditional activities" such as agriculture, fishing and tourism to achieve the needed development. The conflict has killed more than 4,100 people over the past five years, according to ACLED, a conflict-tracking organization.

European countries have begun to search for unconventional ways to confront the high energy prices in the world, after Russia reduced the supply of natural gas through pipelines, so dealing with wasted energy has become a priority for European governments.

Steps have also been taken to reduce heating and air conditioning, and the European Union has drawn up a plan to reduce gas consumption by 15 percent this winter, and to ensure that its stores of natural gas are 80 percent full by November 1.

Some countries have resorted to turning off the lights, and Germany said that public buildings and monuments will no longer be lit at night, while in Spain, lights must be turned off in shop windows after 10 pm. France believes that such measures can reduce energy consumption by 10 percent.  LINK

Jeanette:  DID ANYONE LOOK ON A MAP WHERE ZIMBABWE IS COMPARED TO MOZAMBIQUE?  They have adjoining boarders. So, if Mozambique is selling liquid natural gas to Europe, will that affect the value of the Zimm currency? Love to hear others thoughts

PattyCakes77:  Mozambique is located on the southeast coast of Africa and Zimbabwe to the west. It would be quite intersting to know if the Zimm currency will be affected in a positive way by Mozambique supplying natural gas to the European continent. I do not know but my ears are itching. I have all my currencies in line and I am watching and patiently waiting on which one will go out the gate first.

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Samson:  Integrity: (46) arrest warrants and summonses were issued against senior officials during October

14th November, 2022

The Integrity Commission announced the total of arrest and recruitment orders issued and executed against senior officials and high-ranking officials for the month of last October

The Commission's Investigation Department reported that the judicial authorities issued (46) arrest warrants and summonses; Against the background of cases investigated by the commission’s investigation directorates and offices in Baghdad and the governorates and referred to the judiciary, noting that those orders issued against (41) high-ranking officials for the period from (1-31/10/2022), were distributed between (9) arrest warrants, and (37) summonses

The department added that the arrest and recruitment orders issued and executed were issued against (2) members of the current House of Representatives, a current minister, (3) former ministers, and a current deputy minister

 She explained that the orders also included a current governor, (5) former governors, and (4) former members of provincial councils, in addition to (10) current general managers, (9) former, and (5) former general directors  LINK

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Samson:  Citizens demonstrate in front of the Central Bank to demand their money deposited with a bank that has declared bankruptcy

14th November, 2022

A number of citizens demonstrated, on Monday (October 14, 2022), in front of the Central Bank building in Baghdad, to demand their money deposited with a bank that declared bankruptcy

A video clip showed the participation of a number of citizens in a demonstration in front of the Central Bank building to demand their money deposited with the Al-Warka National Bank, which declared bankruptcy, during which the demonstrators raised banners calling on the Prime Minister to intervene

VIDEO LINK   LINK

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Courtesy of Dinar Guru

Frank26  Article: "Central Bank Governor: We were keen to facilitate the procedures for opening the first branch of a private bank abroad".   CBI GOV TELLS THE IRAQI CITIZENS ABOUT THE SATELLITE BANKS INTERNATIONALLY.

Pimpy  Article  quote "...according to Saleh, a government adviser, there may be an option to gradually increase the value of the dinar. 'Any future adjustment of the exchange rate must be gradually implemented over a one year period to provide an appropriate climate for price adjustment...'   I've stated before...the best move is to do it in increments and that's what it sounds like Saleh is saying...I'd rather have a thousand baby steps to get there than to sit here for years and years with no change...

Iraqi Dinar update for 11/12/22 - Gradual rate changes

Pimpy’s investment Chat: The other Side of Things:  11-14-2022

https://www.youtube.com/watch?v=bUHhERltgl4

IMF Warns "Global Economy Worsening," Expect Central Banks To INCREASE Their Efforts To Destroy It.

Greg Mannarino:  11-14-2022

https://www.youtube.com/watch?v=G7QfjkTi4V8

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Advice, Economics, Personal Finance, Misc. DINARRECAPS8 Advice, Economics, Personal Finance, Misc. DINARRECAPS8

The Golden Age of Fraud is Upon Us

.The Golden Age of Fraud is Upon Us

Posted April 27, 2021 by Ben Carlson

A 30-something low-level actor created a business plan that would buy the rights to cheap movies and turn around and sell those rights to HBO for audiences in Latin America. The investors backing the project were promised returns of 15% in just 6 months. No bad in an era of 0.25% savings account yields. Investors forked over more than $690 million to bankroll the rights to these films.

So what’s the catch? The movie contracts with HBO were fakes, the business plan was a hoax and the entire ordeal was a Ponzi scheme where new money paid off previous investors. The money was used to provide a lavish lifestyle for the architect of the fraud, Zachary Horowitz.1

The Golden Age of Fraud is Upon Us

Posted April 27, 2021 by Ben Carlson

A 30-something low-level actor created a business plan that would buy the rights to cheap movies and turn around and sell those rights to HBO for audiences in Latin America.  The investors backing the project were promised returns of 15% in just 6 months.  No bad in an era of 0.25% savings account yields.   Investors forked over more than $690 million to bankroll the rights to these films.

So what’s the catch?   The movie contracts with HBO were fakes, the business plan was a hoax and the entire ordeal was a Ponzi scheme where new money paid off previous investors. The money was used to provide a lavish lifestyle for the architect of the fraud, Zachary Horowitz.1

One investor claimed to have “99% of his and his family’s money” invested in Horowitz’s scheme.

*******

Thodex is a cryptocurrency trading platform in Turkey. Last week it was reported the 27-year-old founder of the exchange took a flight to Albania.

He took with him $2 billion from more than 30k clients.

Last month the company brought in hoards of new clients by offering free dogecoin to anyone that signed up.

Whoops.

*******

I don’t know if this SCAMcoin actually happened or if it’s just a social media thing but it wouldn’t surprise me if it’s real: https://twitter.com/i/status/1385365742506364929

If Charles Ponzi were alive today, I have no doubt that he would be able to raise capital from investors, probably in the form of a SPAC. Many investors would laud him for being a genius as he bilked investors out of millions of dollars.

When I was researching the history of financial scams for Don’t Fall For It the one thing that jumped out above all else is how similar financial frauds are across time and place. They typically involve new technologies, people with extraordinary sales skills and the insatiable human desire for get-rich quick schemes.

Despite the fact that people have been getting duped by hucksters and charlatans for centuries, there was one period that kept coming up over and over again in my research — the 1920s.

It was the golden age of financial fraud.

The Roaring 20s had everything a con-artist looking to dupe people out of their money could ask for — innovation, new financial products, a booming economy, rising markets, new and exciting technologies, loose lending standards, new communication tools and people getting rich all over the place.


To continue reading, please go to the original article here:

https://awealthofcommonsense.com/2021/04/the-golden-age-of-fraud-is-upon-us/

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

News, Rumors and Opinions Monday 11-14-2022

.RV Excerpts and Rumors from the Restored Republic via a GCR as of Mon. 14 Nov. 2022

Compiled Mon. 14 Nov. 2022 12:01 am EST by Judy Byington

What We Think We Know as of Mon. 14 Nov. 2022:

A private banker’s US Treasury Contact informed Bank of America that Gold and Gold-backed assets’ opening day was Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines early this coming week.

“Superfantastic news coming out in Iraq. Black Friday shopping is going to be fun.” …Tony Tweet on Sat. 12 Nov.

“We will see action within the next two weeks.” …Juan O Savin on Fri. 11 Nov.

On Fri. 11 Nov. the Crypto Currency Exchange suddenly collapsed and declared Bankruptcy, leaving $10-$50 Billion in Liabilities with Zero Assets (among those were Ukraine Investments).

RV Excerpts and Rumors from the Restored Republic via a GCR as of Mon. 14 Nov. 2022

Compiled Mon. 14 Nov. 2022 12:01 am EST by Judy Byington

What We Think We Know as of Mon. 14 Nov. 2022:

A private banker’s US Treasury Contact informed Bank of America that Gold and Gold-backed assets’ opening day was Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines early this coming week.

“Superfantastic news coming out in Iraq. Black Friday shopping is going to be fun.” …Tony Tweet on Sat. 12 Nov.

“We will see action within the next two weeks.” …Juan O Savin on Fri. 11 Nov.

On Fri. 11 Nov. the Crypto Currency Exchange suddenly collapsed and declared Bankruptcy, leaving $10-$50 Billion in Liabilities with Zero Assets (among those were Ukraine Investments).

Back in 2021 all Cabal International Corporations finalized their bankruptcies, making a US and Global Recession Imminent

Tucker Carlson and Alt-media predict we will run out of Diesel Fuel by about Nov. 20 – and there could be a Railroad Strike at the same time.

Under the Cheyenne Mountain Military Base was a Quadrillion+ $

In 2018 the Vatican, Rothschilds, Kazarian, Jesuit Malta Knights were begging the World for money as they were all broke.

There will not be mass starvation in the United States. What is happening is an attempt to overthrow the Rockefellers and force them to relinquish control of the Fortune 500 companies that they stole from the American people… and everything else. It is a temporary thing… America will not starve. It is going to be a turbulent time as we FORCE these people out of power. Do get a supply of rice and beans… enough to keep your family going when things are disturbed.

Dates on the RV have been given that didn’t happen because of the need for Sting Operations to catch the Cabal.

NESARA was signed into law by Bill Clinton at gunpoint, but he refused to implement it, as did other presidents, until Donald Trump.

The Supreme Court sat on $16 trillion dollar slush fund to implement NESARA.

NESARA is a template for World Peace. It will completely remove the Cabal’s ability to rule over society.

The QFS will make corruption impossible – an extremely large portion of the wealth confiscated from the Deep State will be used in Humanitarian efforts.

Walmart has been bankrupted, with assets seized.

Med Beds are real and have been used on the rescued traumatized human trafficked children and their rescuers.

~~~~~~~~~~

Global Financial Crisis:

USD, Gold, the EU and More: https://dinarrecaps.com/our-blog/economist-views-on-the-usd-gold-the-eu-and-more-11-11-2022 

Sudden Collapse of Crypto Exchange and it’s Bankruptcy Today Revealed $10-$50 Billion in Liabilities with Zero Assets (among those were Ukraine Investments): https://halturnerradioshow.com/index.php/en/news-page/world/breaking-news-ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine Fiat Crypto monies laundered through Ukraine and then sent to Democrat politicians.

Read full post here:  https://dinarchronicles.com/2022/11/14/restored-republic-via-a-gcr-update-as-of-november-14-2022/

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Courtesy of Dinar Guru

Walkingstick   [via Frank26]   [We] are looking at it more as a 1 to 1 where they will eventually float...I love the fact that...all they talk about everyday in the streets is about a new exchange rate.  That tells me the CBI has been very successful in the education of the monetary reform...

MilitiaMan  Article:  "The Governor of the Central Bank of Iraq inaugurates a branch of the International Development Bank in DubaiThe CBI opening a bank internationally with confidence is obviously a mile stone for the bank. An international move that is likely a sign of things to come.. Timing is perfect.

598 votes in favor! The EU collectively opposes the US takeover of European companies!

Deepin Momnets:  11-14-2022

Recently, it was reported that the European Parliament voted unanimously on a motion to authorize the European Commission to prevent foreign government-subsidized companies from acquiring the rights of European Union companies, and the motion was finally passed with an overwhelming majority of 598 votes for and 5 votes against.

Subsequently, the European media took this opportunity to speculate that the main purpose of the resolution is to target the United States. Our experts also said that Chinese enterprises are afraid to become an important enforcement target of the European Commission.

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

ALERT! US Mint Panics & Allows Silver Blank Processor to "CALM THE MASSES!" HUGE FAIL!

 (Bix Weir)  11-14-2022

Here's my analysis of the Wall Street Silver interview with Tim Powers of the Sunshine Mint, the largest Silver blank processor to the US Mint! Remember, Tim would NOT be allowed to talk at all about their largest customer without the FULL APPROVAL of US Mint Director Ventris Gibson & US Treasury Secretary Janet Yellen!! THEY ARE IN PANIC MODE!!

https://www.youtube.com/watch?v=ZdlV0aGGXbg

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