"Gold-The Anti-Fiat Bubble " Diego Parrilla
Diego Parrilla: Gold - The Anti-Fiat Bubble
Palisades Gold Radio: 11-25-2022
Tom welcomes back Diego Parrilla to the show. Diego is an author, engineer and economist. He has an extensive background in commodities, having worked for several major banks.
Diego believes the Fed hiking cycle is approaching its peak as we enter next year. There are limits to how high they can go, and the rate of hiking cycles has placed a lot of pressure on markets.
The dollar has been putting pressure on other countries. There are pockets of weakness in the system, and it's difficult to know what might burst first.
How rapidly the Fed will pivot will depend on how markets react and the credit markets. Currency markets will also be a concern and there is excess hidden leverage in the system. Hopefully, central banks will learn the risks of zero and negative interest rates. The result is gross mis-allocations within the economic system.
Diego Parrilla: Gold - The Anti-Fiat Bubble
Palisades Gold Radio: 11-25-2022
Tom welcomes back Diego Parrilla to the show. Diego is an author, engineer and economist. He has an extensive background in commodities, having worked for several major banks.
Diego believes the Fed hiking cycle is approaching its peak as we enter next year. There are limits to how high they can go, and the rate of hiking cycles has placed a lot of pressure on markets.
The dollar has been putting pressure on other countries. There are pockets of weakness in the system, and it's difficult to know what might burst first.
How rapidly the Fed will pivot will depend on how markets react and the credit markets. Currency markets will also be a concern and there is excess hidden leverage in the system. Hopefully, central banks will learn the risks of zero and negative interest rates. The result is gross mis-allocations within the economic system.
Everything revolves around inflation and as we enter the next phase of markets, there is a perception that we will print less. Diego believes the inevitable result will be even more money printing.
Eventually, the only way to sustain the system will be to grant central banks yield curve control. To prevent bubbles from imploding they will need to print more and that will result in further inflation. We're just delaying, transferring, transforming, and enlarging the problems.
The energy situation in Europe is very interesting because it shows the problems that have built up. There is a reliance on Russia and a lack of capital investment. Governments want energy security, but the problems can be exacerbated by hoarding.
Energy subsidies will only increase the problems of production capacity. He explains why he likes gold and feels that it is an anti-bubble investment option, even though it's been frustrating for many investors recently.
He cautions that now is not the time to be using leverage and discusses how best to position one's portfolio.
Time Stamp References:
0:00 - Introduction
0:44 - Q4 Outlook
3:50 - Lag Effects
10:06 - Fed & Wealth Effects
17:54 - Energy & Europe
24:24 - Russia's Resources
32:25 - China Outlook
37:14 - Hong Kong Peg
45:30 - Gold the Anti-Bubble
50:48 - Gold & Hike Response
54:56 - Volatility & Rebalancing
1:11:08 - Wrap Up
Talking Points From This Episode
- The Fed is reaching its rate hiking limits.
- The speed of the Fed's pivot will depend on the credit markets.
- Central banks will eventually be forced to use yield curve control as debts are unsustainable.
- Why gold is the ultimate anti-fiat bubble.
Iraq Just Announced it's Massive oil Deals With Russia and China
INSANE! Iraq JUST ANNOUNCED It's MASSIVE New Oil DEALS With Russia And China And SHUTS DOWN The U.S
Tech Revolution: 11-25-2022
US efforts to draw the administration of Mohammed Shia Al-Sudani closer to the US appear to be failing, as Iranian influence in Iraq appears to be winning out.
You see, the Iraqis want to keep communicating with countries like China, Russia, and Iran. And experts say Baghdad has already taken steps toward finalizing future deals with these nations.
Recently, Al Sudani has stated his desire to strengthen Iraq's involvement in OPEC. But since production has been slashed, this is in a problematic setting. In addition, Iraq just announced its massive new oil energy deals with Russia and China, which means they're backing off from the US!
INSANE! Iraq JUST ANNOUNCED It's MASSIVE New Oil DEALS With Russia And China And SHUTS DOWN The U.S
Tech Revolution: 11-25-2022
US efforts to draw the administration of Mohammed Shia Al-Sudani closer to the US appear to be failing, as Iranian influence in Iraq appears to be winning out.
You see, the Iraqis want to keep communicating with countries like China, Russia, and Iran. And experts say Baghdad has already taken steps toward finalizing future deals with these nations.
Recently, Al Sudani has stated his desire to strengthen Iraq's involvement in OPEC. But since production has been slashed, this is in a problematic setting. In addition, Iraq just announced its massive new oil energy deals with Russia and China, which means they're backing off from the US!
Firstly, the remarkable 'oil-for-projects' deal between Iraq and China was inked in the middle of 2019. And the Iraqi Oil Minister shows no indications of altering it. Local state-backed media outlets did indicate that several seismic surveys had been initiated, this time by the Oil Exploration Company or OEC of Iraq and the China National Offshore Oil Corporation or CNOOC.
This is part of the initial stages of extensive oil and gas exploration between Iraq and China in the waters off their coasts. Now, CNOOC has begun a joint research contract for two-dimensional seismic and geophysical surveys to investigate potential hydrocarbon gathers in the Iraqi offshores north of the Arabian Gulf.
That's completely in line with what the Iraqi government ordered back in October. And the 2019 oil-for projects deal between Iraq and China was mandated to cover 'vital and significant projects. Roads, bridges, infrastructure, energy, oil, and electricity are "important and crucial projects."
Moreover, when it comes to oil and gas exploration and production in international waters, China can do anything it wants. But Iraq is also letting Beijing increase its influence in critical onshore areas.
The middle of October saw the CPECC inking an EPC contract for a two-train oil processing plant at the cost of $386 million at Quraynat. Now, the southern portion of Iraq's largest oilfield, the Rumaila field, will be developed for production.
And each train will process around 120,000 barrels per day of oil from the Mishrif formation at the site.
The Rumaila field is an exciting new development in the neighborhood. And it is located around 30 km north of Iraq's southern border with Kuwait. The Rumaila Operating Organization or ROO is currently in charge of the territory. It is a partnership between the British Oil Company, the Basra Energy Company, and the Iraqi State Organization for the Marketing of Oil.
Additionally, the British Petroleum Corporation, the State-Owned China National Petroleum Corporation or PetroChina, and the State-Owned Mitsubishi Oil Corporation SOMO have formed a joint venture known as BECL.
Now, it was initially planned for BP to increase output to 2.1 million BPD in November 2020. It originated at a rate of 1.4 million barrels per day, almost the same as it was a decade ago. It also has proven reserves of over 17 billion barrels.
Thus, Rumaila is an excellent illustration of a sector in which modest investments might significantly boost crude oil output. However, in 2020, BP's national chief offered a response on the matter. He noted that talks on the next steps are now taking place between the oil ministry and Basra Oil Co.
Low oil prices and the ministry's suggestion that all IOCs reduce their activity sets this year are the reasons behind this. Now, BP's original goal was to increase output by 100,000 barrels annually, reaching a total of 2.3–2.4 million BPD by 2020.
And the lack of work on the Common Seawater Supply Project water-injection projection project has been the primary hurdle to attaining this output growth. Also, it's primarily due to IOC worries tied to pervasive corruption in Iraq's oil sector.
Without the CSSP, Iraq will not be able to increase its oil production to what it had hoped for. This year they want to reach 6.2 million BPD, and by the end of 2023, they want to go 9 million BPD.
However, the new goal is to increase oil output to 7 million BPD by 2025, making this a crucial factor. This may also provide insight into Iraq's longstanding financial obligations to foreign oil firms.
News, Rumors and Opinions Friday Morning 11-25-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 24 Nov. 2022
Compiled Thurs. 24 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: Due to the Thanksgiving Holiday I will not be sending out another Restored Republic via a GCR Report until Monday morning 28 Nov, unless important Intel emerges, in which case I will be sending out Special Reports.
What We Think We Know as of Thurs. 24 Nov. 2022, Thanksgiving:
The Iraqi Dinar appears to have revalued at around $4.81-$4.83 in-country Rate. By Saturday night 19 Nov. all remaining US troops had been withdrawn from Iraq, after which the new Iraqi Dinar rate was released –
The BRICS nations of Brazil, Russia, India, China and South Africa, plus 14 (perhaps over 100) other countries including Jordan, Saudi Arabia, Germany, Kuwait and Iraq now had gold/asset-backed currencies and were functioning and trading under the Global Currency Reset Financial System. Although the US Note was gold-backed, printed and sitting in banks, it was said that it would be the very last to go.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 24 Nov. 2022
Compiled Thurs. 24 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: Due to the Thanksgiving Holiday I will not be sending out another Restored Republic via a GCR Report until Monday morning 28 Nov, unless important Intel emerges, in which case I will be sending out Special Reports.
What We Think We Know as of Thurs. 24 Nov. 2022, Thanksgiving:
The Iraqi Dinar appears to have revalued at around $4.81-$4.83 in-country Rate. By Saturday night 19 Nov. all remaining US troops had been withdrawn from Iraq, after which the new Iraqi Dinar rate was released
The BRICS nations of Brazil, Russia, India, China and South Africa, plus 14 (perhaps over 100) other countries including Jordan, Saudi Arabia, Germany, Kuwait and Iraq now had gold/asset-backed currencies and were functioning and trading under the Global Currency Reset Financial System. Although the US Note was gold-backed, printed and sitting in banks, it was said that it would be the very last to go.
Global Currency Reset:
MarkZ on Tues. 23 Nov: “A Redemption Center Contact in Texas was told that the Call Center part of the Redemption Center would be on call on Thanksgiving Wed. 24 Nov, but not the Redemption Center itself. I find this interesting because they were told they would be on a short “call in” or notice and this was changed earlier today. So this is potentially exciting. Remember the rest of the world keeps operating even if we have Thanksgiving.”
Bruce: According to my Bank Contacts, the RV won’t happen before the Thanksgiving Holiday Thurs. 24 Nov, but could directly after.
According to Elon Musk (who owns and was running the Star Link Satellite System) the Quantum Financial System would be officially running sometime between right now and mid-December. The new Internet would be up and running on the Quantum System by the end of December.
Last Saturday night 19 Nov. all remaining US troops were withdrawn from Iraq, after which the new Iraqi Dinar rate was released in Iraq.
The Iraqi government was supposed to expose their international rates last Mon. 20 Nov, but the IMF wouldn’t allow them to do so.
The Iraqi government did release the new Iraqi Dinar rate on Tues. 22 Nov. That Iraqi Dinar in-country Rate was $4.81. International Rate was $11.90 US dollars, though it could be higher in other countries.
On Wed. 23 Nov we expected to see the new rates on the Forex, though it probably wouldn’t happen until Sunday 27 Nov.
The new Dinar was called the Golden Dinar because it was gold-backed.
The Kuwaiti government also has this Golden Dinar with the new rate.
The Golden Dinar will give stability to the Mid East and Iraq has repaid Kuwait for the invasion by Saddam Hussein.
The new money was printed on bonds in contrast to the currencies we are using right now.
With the Global Currency Reset, not only the revaluation of global currencies as well as the distribution of wealth and disclosure of 6000 cures but also the securing (restoration) of freedom will go along with it. These events will change the world forever. We are talking about the present period up to the end of December.
Read full post here: https://dinarchronicles.com/2022/11/24/restored-republic-via-a-gcr-update-as-of-november-24-2022/
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Courtesy of Dinar Guru:
Frank26 the next person that tells you that it's a lop maybe you show them this...The exchange rate of the Iraqi dinar...is 1460...the goal is to drop the 3-zeros and to end the play at $1...let's say they take this rate to 1000 then they drop 3-zeros. It's $1. That's their goal to reach 1 to 1 exchange rate with the American dollar. [Post 1 of 2....stay tuned]
Frank26 Here comes the tricky part where everybody get's messed up. Ok at this point they change the rate to 1 to 1. Remember what they said they're going to do once they change the rate to 1 to 1? Float...Where is it going to float? Internationally...when it does, 1 to 1 will grow...they'll find a place where they cap it. Back in 2003 it was $3.22. That was over 20 years ago. It should be way past that in my opinion. [Post 2 of 2]
China Just Paved The Way For The PetroYuan! (The West Is In Trouble)
Sean Foo: 11-24-2022
China just sealed a 27-year LNG deal with Qatar and this goes beyond just energy security. We need to understand the bigger agenda behind this long-term deal.
China is setting the stage in the Middle East for a showdown with the US dollar.
The puzzle pieces are starting to fit and the more energy deals China signs with Middle Eastern countries including Saudi Arabia, the closer it is to challenge the dollar as a reserve currency down the road. You must understand this!
ALERT: Major US Banks Will Declare Bankruptcy SOON After The Fed Does This | Peter Schiff
Two Dollar Investing: 11-25-2022
Peter Schiff explains the havoc about to be unleashed on the US economy
Saudi Arabia Held a Middle East De-Dollarization Conference
The butterfly effect is intensifying! Saudi Arabia held a Middle East de-dollarization conference!
Deepin Moments: 11-24-2022
Just when Wall Street is still reveling in the momentum of the dollar index rise, the sound of de-dollarization or bypassing the dollar transactions around the world has been rising, the dollar has once again lost the trusted label
It is clear that the United States due to stimulate the economy to implement extremely loose monetary policy led to big inflation, and then had to aggressive interest rate hikes and tapering, these only for the needs of their own economies, without taking into account the currency spillover effect when the dollar will be overdrawn Credit and status, forcing the world to think about the role of the dollar, is at this juncture, the nearest institutions to the dollar printing machine also issued a warning.
The butterfly effect is intensifying! Saudi Arabia held a Middle East de-dollarization conference!
Deepin Moments: 11-24-2022
Just when Wall Street is still reveling in the momentum of the dollar index rise, the sound of de-dollarization or bypassing the dollar transactions around the world has been rising, the dollar has once again lost the trusted label
It is clear that the United States due to stimulate the economy to implement extremely loose monetary policy led to big inflation, and then had to aggressive interest rate hikes and tapering, these only for the needs of their own economies, without taking into account the currency spillover effect when the dollar will be overdrawn Credit and status, forcing the world to think about the role of the dollar, is at this juncture, the nearest institutions to the dollar printing machine also issued a warning.
We note that economists from the World Gold Council and IMF to Goldman Sachs to JP Morgan and the New York Fed are now increasingly concerned that the long-term challenge for the U.S. will be to maintain the dollar's crown as the world's leading reserve currency, but that its power and position are waning as the world economy moves toward multipolarity.
More News, Rumors and Opinions Thursday Afternoon 11-24-2022
TNT:
Harambe: Dollar drops against dong | VnExpress International
(11/24/22)
The U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points Thursday.
Vietcombank sold the greenback 0.004% lower at VND24,854.
TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%.
The State Bank of Vietnam set its exchange rate at VND23,671, also down 0.004%.
The dollar was sold VND24,940 at unofficial exchange points, down 0.4% from Wednesday.
TNT:
Harambe: Dollar drops against dong | VnExpress International
(11/24/22)
The U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points Thursday.
Vietcombank sold the greenback 0.004% lower at VND24,854.
TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852, down 0.004%.
The State Bank of Vietnam set its exchange rate at VND23,671, also down 0.004%.
The dollar was sold VND24,940 at unofficial exchange points, down 0.4% from Wednesday.
The U.S. dollar was broadly weaker on Thursday as investors, encouraged by the prospect of a slower pace of interest rate hikes from the Federal Reserve, placed bets on riskier assets, according to CNBC.
The dollar index, which measures the greenback against six major peers, was down 0.066% at 105.830, after sliding 1% overnight.
https://e.vnexpress.net/news/economy/dollar-drops-against-dong-4540051.html
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Courtesy of Dinar Guru
Guru Mnt Goat ...the good new this period is that they are cracking down on the corrupt banks in Iraq as they already closed 14 of them. Next the US Treasury is in Iraq briefing over 35 of the existing banks how to conduct their banking practices and “best practices” for the banking sector...So why are they cracking down so heavily now? ...I am hearing from my CBI source that part of why the US Treasury is now in Iraq is also to review and implement measures for auditing the expenditures of the 2023 budget once it is opened.
Samson Article "In numbers... an unprecedented value for Iraq's foreign reserves" Quote "Iraq's foreign reserves are the highest today in the country's financial history, which amounted to nearly 90 billion dollars...the exported Iraqi currency also amounted to about 150%, meaning that every dinar is exported to Trading in the economy is now covered by foreign exchange one and a half times."
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KTFA:
Samson: Oil: Revenues last month amounted to more than $9 billion
24th November, 2022
The Ministry of Oil announced today, Thursday, that last month's revenues amounted to more than nine billion dollars
A statement by the ministry, received by the agency, stated that "the amount of exports of crude oil for the month of October amounted to (104) million and (831) thousand and (120) barrels, with revenues amounting to (9) billion and (281) million and (647) thousand dollars
He added that "the total exported quantities of crude oil for the month of October from the oil fields in central and southern Iraq amounted to (102) million and (70) thousand and (427) barrels, while the quantities exported from Kirkuk oil through the port of Ceyhan were (2) million. And (417) thousand and (893) barrels
He continued, "The average price of one barrel amounted to (88,539 dollars,)" noting that "the exported quantities have been loaded by (34) international companies of several nationalities, from the ports of Basra, Khor al-Amaya, the mono-buoys on the Gulf, and the Turkish port of Ceyhan
It is noteworthy that the Ministry of Oil, through its belief in informing the people of export operations and the revenues generated from it, has taken this monthly procedure LINK
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Samson: Integrity establishes a new division and prepares for a "big campaign"
11/24/2022 15:57:15
A member of the Parliamentary Integrity Commission revealed that the Integrity Commission has created a new division in its efforts to fight corruption.
Alia Nassif told {Euphrates News} agency: "We met today with the head of the Integrity Commission, where he expressed his cooperation, and it was agreed that there would be a news division in the commission, and that its law be amended by creating an article related to proactive censorship."
She added, "During the coming days, there will be a great impact on the number of employees in the authority, and that these changes will be in line with the desire of Prime Minister Muhammad Shia' al-Sudani to confront corruption and hold negligent people accountable."
Last Tuesday, the Federal Integrity Commission announced the beginnings of the work of the Supreme Commission for Combating Corruption and its supportive team, stressing that the first case that the Supreme Commission began investigating was the process of transferring balances deposited in Lebanese banks to the Rafidain Bank in Beirut. LINK
Iraqi Dinar update for 11/23/22 - The road map to increase exchange rate
Pimpy’s The other Side of Things: 11-24-2022
News, Rumors and Opinions Thursday AM 11-24-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 24 Nov. 2022
Compiled Thurs. 24 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: Due to the Thanksgiving Holiday I will not be sending out another Restored Republic via a GCR Report until Monday morning 28 Nov, unless important Intel emerges, in which case I will be sending out Special Reports.
What We Think We Know as of Thurs. 24 Nov. 2022, Thanksgiving:
The Iraqi Dinar appears to have revalued at around $4.81-$4.83 in-country Rate. By Saturday night 19 Nov. all remaining US troops had been withdrawn from Iraq, after which the new Iraqi Dinar rate was released –
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 24 Nov. 2022
Compiled Thurs. 24 Nov. 2022 12:01 am EST by Judy Byington
Judy Note: Due to the Thanksgiving Holiday I will not be sending out another Restored Republic via a GCR Report until Monday morning 28 Nov, unless important Intel emerges, in which case I will be sending out Special Reports.
What We Think We Know as of Thurs. 24 Nov. 2022, Thanksgiving:
The Iraqi Dinar appears to have revalued at around $4.81-$4.83 in-country Rate. By Saturday night 19 Nov. all remaining US troops had been withdrawn from Iraq, after which the new Iraqi Dinar rate was released
The BRICS nations of Brazil, Russia, India, China and South Africa, plus 14 (perhaps over 100) other countries including Jordan, Saudi Arabia, Germany, Kuwait and Iraq now had gold/asset-backed currencies and were functioning and trading under the Global Currency Reset Financial System. Although the US Note was gold-backed, printed and sitting in banks, it was said that it would be the very last to go.
Global Currency Reset:
MarkZ on Tues. 23 Nov: “A Redemption Center Contact in Texas was told that the Call Center part of the Redemption Center would be on call on Thanksgiving Wed. 24 Nov, but not the Redemption Center itself. I find this interesting because they were told they would be on a short “call in” or notice and this was changed earlier today. So this is potentially exciting. Remember the rest of the world keeps operating even if we have Thanksgiving.”
Bruce: According to my Bank Contacts, the RV won’t happen before the Thanksgiving Holiday Thurs. 24 Nov, but could directly after.
According to Elon Musk (who owns and was running the Star Link Satellite System) the Quantum Financial System would be officially running sometime between right now and mid-December. The new Internet would be up and running on the Quantum System by the end of December.
Last Saturday night 19 Nov. all remaining US troops were withdrawn from Iraq, after which the new Iraqi Dinar rate was released in Iraq.
The Iraqi government was supposed to expose their international rates last Mon. 20 Nov, but the IMF wouldn’t allow them to do so.
The Iraqi government did (allegedly) release the new Iraqi Dinar rate on Tues. 22 Nov. That Iraqi Dinar in-country Rate was $4.81. International Rate was $11.90 US dollars, though it could be higher in other countries.
On Wed. 23 Nov we expected to see the new rates on the Forex, though it probably wouldn’t happen until Sunday 27 Nov.
The new Dinar was called the Golden Dinar because it was gold-backed.
The Kuwaiti government also has this Golden Dinar with the new rate.
The Golden Dinar will give stability to the Mid East and Iraq has repaid Kuwait for the invasion by Saddam Hussein.
The new money was printed on bonds in contrast to the currencies we are using right now.
Read full post here: https://dinarchronicles.com/2022/11/24/restored-republic-via-a-gcr-update-as-of-november-24-2022/
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Courtesy of Dinar Guru
Frank26 Banks around the world are getting ready to receive the 3-zero notes. Private banks around the world are already ready.
Walkingstick [via Frank26] There was $800 million flowing per week out of Iraq from the CBI banks illegally. It was being done by the political thieves...money exchangers... Maliki... auctions...fake contacts or directly stealing it and not caring if they were caught. Only the CBI can supervise their banks and they have done a superior job. That is why the international world is willing to pour into Iraq with their currency converted into Iraqi dinars.
ALERT! My 5 Best Assets to Hold AFTER "The Crash!" HINT: 2 Are Different KINDS of SILVER!
(Bix Weir) 11-24-2022
You should be "on the sidelines" watching this chaos unfold. All assets should be in your own possession. It's very unnerving to buy anything these days as you don't know if it will end up in your own hands. Here are my 5 favorite assets that I think will survive and thrive AFTER THE CRASH!
"This Financial CRASH Will Be WORSE Than The GREAT DEPRESSION" | Peter Schiff
Zero Sum investing: 11-23-2022
In a recent interview, Peter Schiff, the renowned gold bug, stated that he expects the United States will experience a financial crisis worse than the ‘Great Recession’ of 2008 and possibly even the Great Depression of 1929. Schiff added that the United States has far more debt than it did in 2008, and that the country's economic downturn "will be a much worse problem when the defaults begin."
More News, Rumors and Opinions Wednesday Night 11-23-2022
TNT:
Tishwash: The Central Bank sets paths to reform the economic system
Today, Wednesday, the Central Bank of Iraq identified paths to reform the economic system in the country, while announcing support for clean energy by one trillion dinars.
The Central Bank's advisor, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency (INA): "It is not possible to create an economic sector and attract investors without a successful and healthy banking sector," noting that "the government banking sector acquires a large percentage of the government or private public's money, so reform The banking sector is a starting point for reforming the economic system.
He added, "The Central Bank launched an initiative in the amount of 1 trillion dinars to finance the purchase of electricity generation units from renewable energy," noting that "the initiative constitutes a great starting point for changing the destinations and mood of the public to switch to clean energy."
He continued, "The government began more than a year ago trying to switch to clean energy," explaining that "the Central Bank contributed to the initiative through simple, interest-free loans for the family community and the private economic sector." link
TNT:
Tishwash: The Central Bank sets paths to reform the economic system
Today, Wednesday, the Central Bank of Iraq identified paths to reform the economic system in the country, while announcing support for clean energy by one trillion dinars.
The Central Bank's advisor, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency (INA): "It is not possible to create an economic sector and attract investors without a successful and healthy banking sector," noting that "the government banking sector acquires a large percentage of the government or private public's money, so reform The banking sector is a starting point for reforming the economic system.
He added, "The Central Bank launched an initiative in the amount of 1 trillion dinars to finance the purchase of electricity generation units from renewable energy," noting that "the initiative constitutes a great starting point for changing the destinations and mood of the public to switch to clean energy."
He continued, "The government began more than a year ago trying to switch to clean energy," explaining that "the Central Bank contributed to the initiative through simple, interest-free loans for the family community and the private economic sector." link
KTFA:
Samson: An expert expects oil prices to rise to $400 if Russia stops exporting them
23rd November, 2022
The oil expert, Hamza Al-Jawahiry, predicted today, Wednesday, that oil prices will rise to $400 if Russia stops exporting crude oil.
Al-Jawahiry said in an interview with Shafaq News agency, "The American and European threats to dispense with Russian oil and gas are just outbids and procrastination in order to put pressure on Russia, indicating that the only people affected by this matter will be Europe and America only."
He added, "Russia's oil production amounts to more than 11 million barrels, and it exports about 7 million barrels, most of which go to Europe, and this quantity is not small, and this quantity cannot be compensated if Russia stops exporting and from any country, whether it is Saudi Arabia, Iraq, or any Gulf country." If these countries meet, they will only compensate for about half of Russia's exports, stressing that Russia's suspension of oil exports will raise oil prices to more than $400 a barrel.
He pointed out that "the oil markets will suffer from a shortage of supplies, and its impact on prices will be very large, and there will be a major economic collapse in Europe." He stressed that "some European peoples and governments, in particular, look at their interests, and as long as these remain within the scope of the threat only, they will remain silent, but when their interests are damaged, they will not abide by what some countries take to not stop importing oil and gas from Russia."
The European Union is set to ban imports of Russian crude from December 5 and oil products from February 5.
It is also scheduled to meet the ambassadors of the European Union today, Wednesday, with the aim of approving the price ceiling, and it is expected that the diplomats will also discuss the price level at this meeting, and if they support the new proposal, the European Union and the Group of Seven countries may announce the price ceiling this evening.
However, the European Union eased the terms of the proposed sanctions on Russia by imposing a ceiling on the prices of Russian oil exports by postponing its full implementation and easing basic provisions related to shipping work.
Russia threatened to stop exporting oil to any country that sets a ceiling on the prices of its oil exports.
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Samson: In numbers.. Integrity carried out 125 seizures in the past month
11/23/2022 14:19:10
The Federal Integrity Commission announced that its investigation directorates and offices in Baghdad and the governorates carried out (125) arrest operations during the month of October, during which (27) accused of flagrante delicto were arrested.
The Integrity Investigation Department, speaking about the arrest operations carried out during the past month, indicated that the Najaf Investigation Office team carried out the largest number of such operations with a total of (26) seizure operations, followed by the Diyala Investigation Office with (24) operations, while the Najaf Investigation Office carried out (24) operations. Wasit investigation (16) process.
The department added that during these operations, (27) suspects were seized during (16) operations to apprehend the accused, while the total number of operations to seize the first instances carried out during the past month reached (109) operations.
Integrity repeatedly urged all citizens to report corruption and the corrupt, calling on them to submit their complaints and reports through its official outlets, and to cooperate with it to carry out red-handed detection operations, affirming its commitment to maintaining the confidentiality of the reporting process and the identity of the informants. LINK
THREE THINGS TO WATCH! Plus: CENTRAL BANKS ARE BUYING IT ALL FASTER! Consumer Debt SKYROCKETING.
Greg Mannarino: 11-23-2022
Credit Cards, SOFR & Trading Gold…Q&A with Lynette Zang
11-23-2022
Viewer Questions:
Question 1: 0:35 Is keeping your emergency cash/gold/silver in a bank deposit Box a good idea. If the banks close won’t they refuse access to deposit boxes?
Question 2: 1:50 What happens to people that default on credit cards after SOFR takes effect?
Question 3: 2:34 Do the meme stocks like AMC still have a chance to force the hedge funds to short through this reset? What’s the mechanism by which this plays out at the two ends?
Question 4: 8:22 Do you think they will stop paper trading gold? If they did would that be a set up for the reset? And I mean stopping trades of metals/commodities
Question 5: 10:55 Hi Lynette, I have a lot of my retirement in GLD, which has saved me big time in this crash, would it go up with gold or is it paper gold and go down.
The Holiday Feast Costs Significantly More Than Last Year
The Holiday Feast Costs Significantly More Than Last Year.
68% of American households are adjusting their Thanksgiving dinner plans due to rising costs — here's how much you should plan to spend this year
By Sigrid Forberg Nov. 18, 2022
Even with temperatures dropping across the country, inflation remains scorching hot.
And with food prices currently serving as a major driver of the country’s record-high inflation rate, families already struggling to keep costs down at the grocery store might be worrying what the damage will be when it comes time to shop for Thanksgiving dinner. Making a meal for the whole family — and whoever else ends up at your table — can be stressful. But knowing what you’re in for might help.
The Holiday Feast Costs Significantly More Than Last Year
68% of American households are adjusting their Thanksgiving dinner plans due to rising costs — here's how much you should plan to spend this year
By Sigrid Forberg Nov. 18, 2022
Even with temperatures dropping across the country, inflation remains scorching hot.
And with food prices currently serving as a major driver of the country’s record-high inflation rate, families already struggling to keep costs down at the grocery store might be worrying what the damage will be when it comes time to shop for Thanksgiving dinner. Making a meal for the whole family — and whoever else ends up at your table — can be stressful. But knowing what you’re in for might help.
A holiday dinner for 10 will cost an average of $64.05 or just under $6.50 per person, according to the 37th annual Thanksgiving prices survey from the American Farm Bureau Federation (AFBF). The AFBF comes up with this price tag based on the average costs of a dozen classic items found at the big feast.
This year's overall cost is a 20% increase from last year’s survey, when the meal was expected to cost an average $53.31. Here’s how much the prices have changed in 2022 for each part of your holiday meal.
1. The turkey 2022 price: $28.96
The centerpiece of the typical Thanksgiving dinner — a 16-pound turkey — costs about $5 more than last year, when the average price was $23.99.
While inflation is partly to blame for this price change, there are other factors driving up prices.
“The higher retail turkey cost at the grocery store can also be attributed to a slightly smaller flock this year, increased feed costs and lighter processing weights,” says AFBF Chief Economist Roger Cryan.
And while Cryan expects there will be an adequate supply of turkeys this year, some states that dealt with avian influenza earlier this year may deal with shortages.
2. Pumpkin pie mix 2022 price: $4.28
What would Thanksgiving be without a gourd-geous pumpkin pie on the table? A 20-oz can of pumpkin pie filling will cost you about 64 cents more this year, compared to $3.64 in 2021.
A 2020 YouGov survey shows that pumpkin pie is the most popular sweet pastry after the Thanksgiving meal, followed by pecan pie.
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Will Russia's BRICS Partnership with Iran Destroy the US Economy and End the European Union?
ITS OVER! Russia's BRICS Partnership With Iran Will Destroy The US Economy & END The European Union
Investing Future: 11-22-2022
Will the Iranian partnership with Russia destroy the US economy petrodollar? | No Petrodollar? De-dollarization & BRICS! Iran, which already provides Moscow with weapons, has reportedly volunteered to share its experience in the art of sanctions evasion as Russia faces growing international isolation due to the conflict in Ukraine.
This is according to Western diplomats. The diplomats claim that recent discussions between senior Russian and Iranian officials, notably the head of the Iranian central bank Ali Salehabadi and the deputy minister of the economy Ali Fekri, entailed establishing the foundation for that cooperation.
If Moscow can replicate the Iranian system, it may be able to lessen the effects of many of the sanctions it is subject to, especially on its key oil and gas industry.
ITS OVER! Russia's BRICS Partnership With Iran Will Destroy The US Economy & END The European Union
Investing Future: 11-22-2022
Will the Iranian partnership with Russia destroy the US economy petrodollar? | No Petrodollar? De-dollarization & BRICS! Iran, which already provides Moscow with weapons, has reportedly volunteered to share its experience in the art of sanctions evasion as Russia faces growing international isolation due to the conflict in Ukraine.
This is according to Western diplomats. The diplomats claim that recent discussions between senior Russian and Iranian officials, notably the head of the Iranian central bank Ali Salehabadi and the deputy minister of the economy Ali Fekri, entailed establishing the foundation for that cooperation.
If Moscow can replicate the Iranian system, it may be able to lessen the effects of many of the sanctions it is subject to, especially on its key oil and gas industry.
By maintaining the flow of oil revenue, a system like this would give Russian President Vladimir Putin a lot more time and flexibility to continue his war against Ukraine. One of the Western officials said, "Anyone interested in changing the Russian mindset should understand that paralysing the Russian-Iranian financial capabilities is essential."
The diplomats who issued the warning on sanctions evasion methods also pointed out that Western banks, including Citigroup in the United States and Germany's Commerzbank and Deutsche Bank, played a part in assisting Iran in continuing to reap export profits through shady dealings.
The danger is that Russia might draw those same Western banks into the same type of trade, whether knowingly or unknowingly.
By advocating for the IMF's SDR reform and supporting the renminbi's inclusion in the SDR basket, the BRICS countries have worked together to challenge the US dollar's dominating position in the present global reserve currency arrangement.
These measures are a component of the BRICS' larger reforming of the multilateral international financial institutions that are already in place.
A few months prior to the first BRIC meeting, Chinese officials had stated their country's interest in changing the monetary structure of the world's reserves and argued in favour of giving the SDR a bigger role.
Zhou Xiaochuan, the governor of the PBoC, called for the SDR to become a "super-sovereign reserve currency" in March 2009.
Later, the UN proposed creating a new global reserve system based on the SDR of the IMF, echoing Zhou's idea.
The UN proposal stated: The global imbalances which played an important role in this crisis can only be addressed if there is a better way of dealing with international economic risks facing countries than the current system of accumulating international reserves. … To resolve this problem a new Global Reserve System, what may be viewed as a greatly expanded SDR, with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength, and global equity.
The US dollar’s supremacy and US global leadership have been increasingly questioned since the 2008 global financial crisis, The fact that this crisis originated in the United States raised concerns about the reliability of US leadership and the rationality of preserving the dollar’s hegemonic position in the global financial system.
A "strong BRICS" is poised to destroy the Petrodollar's hegemony; Brazil, Russia, India, China, and South Africa are the five main emerging economies that make up the influential group known as BRICS; The group accounts for roughly 16% of global trade, 24% of the global GDP, and 41% of the world's population;
Since the organization's founding in 2009, all of the member nations have held yearly meetings; The 14th BRICS annual summit was largely held in China this year;
Gold Repatriation Signals Monetary Reset is Near: David Kranzler
Gold Repatriation Signals Monetary Reset Is Near | David Kranzler
Liberty and Finance: 11-22-2022
Central banks in the Eastern hemisphere are accumulating large amounts of gold. They are also repatriating gold out of London and New York.
At the same time, the BRICS nations are developing a new reserve currency.
A monetary reset is coming, says David Kranzler of Investment Research Dynamics, and it is likely to involve gold.
It takes a long time to move into a new monetary system, he says. But we're coming to the very end of the current system, he notes.
Gold Repatriation Signals Monetary Reset Is Near | David Kranzler
Liberty and Finance: 11-22-2022
Central banks in the Eastern hemisphere are accumulating large amounts of gold. They are also repatriating gold out of London and New York.
At the same time, the BRICS nations are developing a new reserve currency.
A monetary reset is coming, says David Kranzler of Investment Research Dynamics, and it is likely to involve gold.
It takes a long time to move into a new monetary system, he says. But we're coming to the very end of the current system, he notes.
News, Rumors and Opinions Wednesday AM 11-23-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 23 Nov. 2022
Compiled Wed. 23 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 9 Nov. 2022: FTX Crypto Currency Company caught in criminal money laundering scheme, with implications far larger than anyone can imagine. https://youtu.be/20BEJouWBgY
On Thurs. 10 Nov. Bitcoin declared bankruptcy after FTX Crypto Currency was caught in a criminal money laundering scheme the day prior on Wed. 9 Nov. 2022.
Fri. 11 Nov. was the Opening Day for the banks Gold-backed assets according to the US Treasury.
On Thurs. 17 Nov. 2022 the BRICS Alliance (Brazil, Russia, India, China, South Africa) Portals were activated on the Quantum Financial System.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 23 Nov. 2022
Compiled Wed. 23 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Wed. 9 Nov. 2022: FTX Crypto Currency Company caught in criminal money laundering scheme, with implications far larger than anyone can imagine. https://youtu.be/20BEJouWBgY
On Thurs. 10 Nov. Bitcoin declared bankruptcy after FTX Crypto Currency was caught in a criminal money laundering scheme the day prior on Wed. 9 Nov. 2022.
Fri. 11 Nov. was the Opening Day for the banks Gold-backed assets according to the US Treasury.
On Thurs. 17 Nov. 2022 the BRICS Alliance (Brazil, Russia, India, China, South Africa) Portals were activated on the Quantum Financial System.
In the next three weeks (Thurs. 17 Nov. to Thurs. 7 Dec) 86 countries were set to be under Martial Law. …Charlie Ward
By Saturday night 19 Nov. all remaining US troops had been withdrawn from Iraq, after which the new Iraqi Dinar rate was released – although MarkZ said that the new Dinar Rate wouldn’t be officially released until around Wed. 23 Nov.
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Tues. 22 Nov. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
The Alliance Military Special Forces, led by the US Military, were in the middle of making mass arrests.
Bond Holders were still waiting to be paid and get access to their funds.
Full boxes of Zim Sheet Bonds were being processed by HSBC in Zurich and Wells Fargo in Miami Florida.
The QFS has been tested for a year or so.
The BRICS nations and 14 other countries including Jordan, Saudi Arabia and Germany, now had gold/ asset-backed currencies and were officially part of the Global Currency Reset.
There were over 100 countries that had gold/asset-backed currencies.
The gold-backed USN has been printed and was sitting at the banks.
The fiat US dollar will be going away, perhaps by the end of January 2023.
The new Star Link Satellite System was up and running.
Banks were now saying we will not see this before Thanksgiving, but would right after, perhaps Friday or Saturday 25, 26 Nov.
Top Military Sources were saying it would go before the end of November.
Redemption Centers have been on call since last Saturday 19 Nov.
Read full post here: https://dinarchronicles.com/2022/11/23/restored-republic-via-a-gcr-update-as-of-november-23-2022/
**
Courtesy of Dinar Guru
MarkZ [via PDK] Article: “The house of representatives adjourns its session and decides to hold another closed session tomorrow to discuss preserving Iraq’s sovereignty” What is the biggest hindrance to their sovereignty right now? It is their absolute dependence on the US dollar until they revalue their currency… They will never have true sovereignty until they do not have a US based currency…. [post 1 of 2....stay tuned]
MarkZ [via PDK] This means they need to reinstate their dinar value instead of using US dollars. This is an open conversation in politics over there right now guys. We know it is close…the CBI told us it is close… The Iraqi government told us it is close…the UN, IMF and World Bank has told us it is close. Every agency out there has told us this is close... [post 2 of 2]
THREE THINGS TO WATCH! Plus: CENTRAL BANKS ARE BUYING IT ALL FASTER! Consumer Debt SKYROCKETING.
Greg Mannarino: 11-23-2022
Are Central Banks Planning a Gold Revaluation?
Heresy Financial: 11-23-2022
Most of you are probably aware that many central banks all around the world own gold. In fact, since the late 90s, central banks around the world have been net buyers of gold. That wasn't true before that.
Coincidentally, that is also when the gold price bottomed ended that long bear market and began a massive, epic bull-market leading into a bubble in the late 2000s.
But the question comes up why are central banks buying gold? Because we know that they are printing paper money and telling everybody to use their paper money. But on the other hand, they are using that paper money to buy gold for themselves.
So, what are they planning on doing with all this gold that they're buying? And could gold revaluation be a part of this long-term plan?
Timecodes
00:49 Why are Central Banks Buying Gold
00:49 Sponsor: Bullion Card
02:37 E.U. Has Gold Plan with Central Bank
06:46 European Central Banks Equalize Gold Reserves