Lynette Zang and Ray Dalio with Historic Economic Cycle Indicators 11-29-2022
Regime Shift & Changing World Order
Lynette Zang: 11-29-2022
The big questions are, when will the economy completely collapse? And how can I protect my family and my wealth before it does?
I will answer both questions by showing you historic cycle indicators and the current actions of those who are in control of your money.
Because we are at the end stage of both the regime and currency shift, otherwise known as the changing world order.
There are six stages to the shift, and Ray Dalio just wrote this month that we're approaching the final stage, the breakdowns are escalating.
Regime Shift & Changing World Order
Lynette Zang: 11-29-2022
The big questions are, when will the economy completely collapse? And how can I protect my family and my wealth before it does?
I will answer both questions by showing you historic cycle indicators and the current actions of those who are in control of your money.
Because we are at the end stage of both the regime and currency shift, otherwise known as the changing world order.
There are six stages to the shift, and Ray Dalio just wrote this month that we're approaching the final stage, the breakdowns are escalating.
If you understand history, you know there are always winners and losers in every crisis.
I'm going to show you exactly where we are, what's coming, and how you can position yourself to win.
Chapters:
0:00 End of Fiat Money Regime
3:15 Central Banks Purchase Record Gold
7:37 Internal Order-Disorder Cycle
11:49 Stage 6 = War
16:14 Dollar’s Purchasing Power
20:20 Example of Gold’s Purchasing Power
More News, Rumors and Opinions Tuesday PM 11-29-2022
KTFA:
Clare: An economist offers an "ideal" solution instead of devaluing the dollar
Information / special.
Today, Tuesday, the economist, Diaa Al-Mohsen, proposed a solution that he described as "ideal" instead of restoring the exchange rate of the dollar to its previous state, while stressing that restoring it at the present time is not feasible.
Al-Mohsen told Al-Maalouma agency that "the government must revitalize the economy and important sectors such as agriculture and industry instead of restoring the exchange rate to what it was," noting that "the step of returning it at the present time may cause a major shock that may exceed what happened in 2021."
He added, "There is a large abundance of foreign currencies through which the government can revive the Iraqi economy," pointing out that "there is a lot of manpower that can be invested in these projects, which may generate additional financial revenues, and these are ideal solutions."
KTFA:
Clare: An economist offers an "ideal" solution instead of devaluing the dollar
Information / special.
Today, Tuesday, the economist, Diaa Al-Mohsen, proposed a solution that he described as "ideal" instead of restoring the exchange rate of the dollar to its previous state, while stressing that restoring it at the present time is not feasible.
Al-Mohsen told Al-Maalouma agency that "the government must revitalize the economy and important sectors such as agriculture and industry instead of restoring the exchange rate to what it was," noting that "the step of returning it at the present time may cause a major shock that may exceed what happened in 2021."
He added, "There is a large abundance of foreign currencies through which the government can revive the Iraqi economy," pointing out that "there is a lot of manpower that can be invested in these projects, which may generate additional financial revenues, and these are ideal solutions."
The economist explained, "Returning the exchange rate of the dollar at the present time is not feasible, given that there are no real economic justifications that give importance at the present time."
And that "the central bank's responsibility is to control the market and on the grounds that the Iraqi economy is market and whoever controls the exchange rate of the dollar is supply and demand and nothing else."
Earlier, a member of the House of Representatives, Mortada Al-Saadi, confirmed to / information / that "there are parties that are still seeking to reduce the price of the dollar in the new budget before its approval," stressing that "the file of partially reducing the price of the dollar is what hinders the approval of the general budget in the coming period." .
The file of approving the federal budget and restoring the exchange rate of the dollar continues in the corridors of the new government, which draws the people's attention towards them due to their great importance and direct impact on the livelihood of the Iraqi people. LINK
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Courtesy of Dinar Guru
Frank26 Ladies and gentlemen drum roll! We have Article 140...We have HCL...Now that equals Article VIII. Article VIII is what every contract...country...investor have been waiting for. Article VIII tells the people to bring their money into this country of Iraq. They are now secure. All the banking systems are international, modern, up-to-date. We're even about to add value to it with a new exchange rate. They know what's going on...
Frank26 The constitution of Iraq has laws in it...amendments that say you are not allowed to telegraph, to hint, suggest, to say that they are going to have an exchange rate change. Can't. It's against the law. I don't think any of these guys want to be arrested because they will be arrested...
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TNT:
Carlosisan: According to previous intel, the RV is suppose to happen before Nov "22 is out, well - we have 2 days left, today and tomorrow. Let's see what happens. This scenario always happens around this time of year and then we jump into the next year. It is my prayer that this doesn't happen again. As always, be strong, be viligant and lets move forward!
Flash: Seems like after 18 years no great expectations from Iraq, hopefully they will surprise us this year. Seems as though a lot of things are happening so I am still believing it is when.
RVAlready: I think it will have to happen. It is pretty obvious that the world needs the RV/GCR right now I think that is why the UN played hardball with Iraq.
Yada: Agreed rvalready. Fact is the past 18 years, they didn’t have a stable government. Now they do and now, the UN is holding their hands to cross the line. We endured the many obstacles and now the way is clear.
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Tishwash: Baghdad and Erbil agreement on the implementation of Article 140 of the Constitution
The Kurdish forces in the Kurdistan region announced that they had reached an agreement with the federal authorities to form a joint supreme committee within ten days, whose task is to implement Article 140 of the Iraqi constitution. link
“EXIT THE DOLLAR- BUY COMMODITIES." Global Debt WILL SKYROCKET HIGHER FROM HERE!
Greg Mannarino: 11-29-2022
The Fed launched a DIGITAL CURRENCY while YOU weren’t watching
Glenn Beck: 11-29-2022
Right before Thanksgiving, our trusted leaders in D.C. did what they did best: They pushed forward controversial policies while YOU weren’t watching. In this clip, Glenn details how the Fed began its ‘Central Bank Digital Currency’ program last Wednesday afternoon, while Americans were busy preparing for the holidays.
News, Rumors and Opinions Tuesday AM 11-29-2022
TNT:
CandyKisses: VN ready to become a semiconductor manufacturer
The global semiconductor and chip race is heating up and Việt Nam should take this opportunity to raise its’s position on the global semiconductor manufacturing map as some leading corporations have invested in semiconductor manufacturing in the country, according to local economists.
HÀ NỘI — The global chip race is heating up, and Việt Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said.
Prof. Nguyễn Mại, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact of the COVID-19 pandemic and prolonged trade conflicts have caused a disruption of semiconductor supplies. Global companies involved in using semiconductors to make smartphones, self-driving vehicles, artificial intelligence (AI) technology or data centers have been forced to cut their productivity.
TNT:
CandyKisses: VN ready to become a semiconductor manufacturer
The global semiconductor and chip race is heating up and Việt Nam should take this opportunity to raise its’s position on the global semiconductor manufacturing map as some leading corporations have invested in semiconductor manufacturing in the country, according to local economists.
HÀ NỘI — The global chip race is heating up, and Việt Nam should be able to raise its position on the global semiconductor manufacturing map as some leading corporations are investing in chip production in the country, local economists said.
Prof. Nguyễn Mại, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact of the COVID-19 pandemic and prolonged trade conflicts have caused a disruption of semiconductor supplies. Global companies involved in using semiconductors to make smartphones, self-driving vehicles, artificial intelligence (AI) technology or data centers have been forced to cut their productivity.
Mại emphasied that countries are in a race to produce semiconductors and chips. In particular, the US Department of Commerce (DOC) in September released its strategy for implementing its US$50 billion CHIPS for America programme. And China has doubled its spending and enacted policies to support semiconductor manufacturing companies.
Việt Nam has also become a centre of the semiconductor industry as Samsung announced its plan to produce semiconductors from July next year with an additional investment of US$920 million. The country is also home to Intel’s largest assembly and testing factory with an investment of $1.5 billion.
Đỗ Nhất Hoàng, head of the Ministry of Planning and Investment's Foreign Investment Agency, said the Synopsys company from the US also announced that it would train electrical engineers in Việt Nam and support HCM City Hi-Tech Park (SHTP) to establish a chip design center through a software sponsorship programme.
Hoàng added that in the first 10 months this year, FDI disbursement reached $17.45 billion, an increase of 15.2 per cent over the same period in 2021. This was the highest number in the past five years. Of this figure, the manufacturing sector accounted for 65 per cent and involved the major industries of hi-tech electronics and chip production. This has shown that Việt Nam has gradually begun to form an ecosystem of semiconductor and chip production.
Over the years, Việt Nam’s investment climate has been highly appreciated by foreign investors due to its stable political system and rapid growing economy. Incentives through corporate income taxes have also made an important contribution to creating an attractive investment climate.
Hong Sun, Vice President of the Korean Chamber of Commerce in Việt Nam (KoCham), said that apart from having a stable business environment and many incentives, chip manufactures want to have abundant and stable power sources.
Hong emphasied that chip or semiconductor manufacturing were both high-value products. If a sudden power failure occurred, production would have to restart from the beginning, which would take from a week to a few months and cost billions of dollars.
Mại said that “Việt Nam should not rest on its gains and we need to make an assessment of the bottlenecks in luring FDI, such as transport infrastructure, and information networks.”
He noted that if Việt Nam can participate in the semiconductor industry, it will generate a big boost of added value for the country. — VNS
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Courtesy of Dinar Guru
Frank26 The budget has line items and one of the line items is the new exchange rate.
Walkingstick [via Frank26] In the budget lies the HCL. The HCL is to share oil and gas profits with the Iraqi citizens. This is part IMO of the monetary reform. This is simply another source of income to come to the citizens besides the Monetary Reform. They will have the Monetary reform...the HCL...plentiful jobs. All of this will go hand in hand. Both the HCL and the Monetary Reform strive for the same goal to give the citizens of Iraq more purchasing power and more value but most of all more respect.
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Wolverine:
There are 170 countries are now asset backed.
The world is just waiting on the US to launch the Global Currency Reset (GCR).
Origin of global events starts in the US.
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RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 28 Nov. 2022
Compiled Mon. 28 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 26 Nov. MarkZ: Redemption contacts are very squarely hearing it will happen Wednesday night into Thursday morning of next week….it could because they have desensitized us so much as to false alarms as to when it is happening. I just find it questionable that we have a specific date right now. I believe we are close though. I still can’t believe we are this far into November and don’t have it yet.
Member: (Ed from Ocala) Ed’s room a few days ago someone asked a timing question on RV & he said, “Just enjoy this holiday weekend because you’re going to be very busy after.”
Member: I talked with a Credit Union Accountant in Belgium…She confirms there that The RV is imminent…and could not elaborate further.
Read full post here: https://dinarchronicles.com/2022/11/28/restored-republic-via-a-gcr-update-as-of-november-28-2022/
EU Follow Middle East BEGINS to COUNTERACT the U.S, Ditch the Dollar and Take Back Gold.
Deepin Moments: 11-29-2022
In the past, Europe has been seen as an ally of the United States, but recently both the Eurozone and the United Kingdom have suddenly discovered that things have taken a major turn for the worse.
A COMMODITY SUPER-SPIKE IS COMING... BE READY FOR IT. Important Updates...
Greg Mannarino: 11-28-2022
Prepare For RESET: Digital Dollar is a Drill!! Francis Hunt
Prepare For Reset; Digital Dollar Is A DRILL | Francis Hunt
Liberty and Finance: 11-27-2022
Our guest today is Francis Hunt, The Market Sniper. In the recent shutdown of the FTX cryptocurrency exchange, he lost funds in the debacle.
"We've scenario costs and thought through how things break down, and still I got nabbed. Take a lesson from me," he says, "There is real counter party risk." He says the collapse of the FTX exchange is simply a microcosm of what is to come for the greater financial system.
Digital assets are at extreme risk, he says. The rollout of the Digital Dollar is a not a "test" but more like a military drill, he says.
A monetary reset is coming.
Everyone should prepare by holding physical assets like precious metals, he says. "Holding your wealth is 9/10 of the law."
Prepare For Reset; Digital Dollar Is A DRILL | Francis Hunt
Liberty and Finance: 11-27-2022
Our guest today is Francis Hunt, The Market Sniper. In the recent shutdown of the FTX cryptocurrency exchange, he lost funds in the debacle.
"We've scenario costs and thought through how things break down, and still I got nabbed. Take a lesson from me," he says, "There is real counter party risk." He says the collapse of the FTX exchange is simply a microcosm of what is to come for the greater financial system.
Digital assets are at extreme risk, he says. The rollout of the Digital Dollar is a not a "test" but more like a military drill, he says.
A monetary reset is coming.
Everyone should prepare by holding physical assets like precious metals, he says. "Holding your wealth is 9/10 of the law."
News, Rumors and Opinions Monday Morning 11-28-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 28 Nov. 2022
Compiled Mon. 28 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 26 Nov. MarkZ: Redemption contacts are very squarely hearing it will happen Wednesday night into Thursday morning of next week….it could because they have desensitized us so much as to false alarms as to when it is happening. I just find it questionable that we have a specific date right now. I believe we are close though. I still can’t believe we are this far into November and don’t have it yet.
Fri. 25 Nov. MarkZ: I have received a number of cryptic messages about Monday. I heard from an IRS contact I have not talked to in 9-10-months…..he reached out to me and said that something big was coming on Monday and they don’t know what. They are being told this inside the IRS management. It could just be that the new Congress will not be giving them the 87,000 new IRS agents….that is just my speculation….but they were told to expect a major announcement. We don’t know what it will be its interesting.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 28 Nov. 2022
Compiled Mon. 28 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Sat. 26 Nov. MarkZ: Redemption contacts are very squarely hearing it will happen Wednesday night into Thursday morning of next week….it could because they have desensitized us so much as to false alarms as to when it is happening. I just find it questionable that we have a specific date right now. I believe we are close though. I still can’t believe we are this far into November and don’t have it yet.
Fri. 25 Nov. MarkZ: I have received a number of cryptic messages about Monday. I heard from an IRS contact I have not talked to in 9-10-months…..he reached out to me and said that something big was coming on Monday and they don’t know what. They are being told this inside the IRS management. It could just be that the new Congress will not be giving them the 87,000 new IRS agents….that is just my speculation….but they were told to expect a major announcement. We don’t know what it will be its interesting.
Member: (Ed from Ocala) Ed’s room a few days ago someone asked a timing question on RV & he said, “Just enjoy this holiday weekend because you’re going to be very busy after.”
Member: I talked with a Credit Union Accountant in Belgium…She confirms there that The RV is imminent…and could not elaborate further.
Read full post here: https://dinarchronicles.com/2022/11/28/restored-republic-via-a-gcr-update-as-of-november-28-2022/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI can't show their hand because of things like insider trading laws would prevent this. But we believe our paths are going to get brighter and brighter... FRANK: They know to ignore the Framework and the false media. They know what Sudani is doing for them and the governor of the CBI...They know the CBI is trying to keep a low profile.
MarkZ [via PDK] [if it's supposed to happen before December there's not much time left!] This may be why we are seeing so much disinformation and recycling of old news right now. Some articles are word for word older articles that thy put a new date on it…they want to cloud the timing of this thing as hard and as diligently as they can. Be prepared for that. Remember that this is a “when” not an “if”. We will never know the exact timing.
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KTFA:
Clare: The US Treasury commends the Iraqi Central Bank's measures in combating money laundering
022-11-27 13:42
The Governor of the Central Bank of Iraq affirmed, on Sunday, his commitment to all international laws and instructions in the file of combating money laundering and terrorist financing, while the US Treasury Department praised these measures.
The Central Bank said, in a statement received by Shafaq News Agency, that the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received, today, Sunday, Jesse Baker, Assistant Deputy Secretary of the US Treasury for Terrorism and Financial Crimes, and his accompanying delegation.
The statement added that during the meeting, they discussed bilateral cooperation between the two institutions and discussed the application of international standards in combating money laundering and terrorist financing, and the central bank’s commitment to them, in addition to applying due diligence from other government institutions in this file, referring to efforts to enhance financial inclusion and keep pace with the sector. Banking for global developments.
The President of the Central Bank of Iraq confirmed that the bank is committed to all international laws and instructions in the file of combating money laundering and terrorist financing, and was able to transfer Iraq from the status of enhanced follow-up to the regular follow-up in the Financial Action Corporation (FATF), in addition to removing it from the European Union’s list of high-level countries. Risks.
On the other hand, the US Treasury delegation praised the measures implemented by the Central Bank in combating money laundering and terrorist financing, through its use of the latest systems in this file, according to what was stated in the statement. LINK
Dollar defeated by itself! US multi-state abandonment of the dollar confirms gold status!
Deepin Moments: 11-2-8-2022
Since the U.S. withdrew from the gold standard in the 1970s, when the U.S. announced that it was abandoning its anchor to gold, the dollar has been doing whatever it wants.
Dollar defeated by itself! US multi-state abandonment of the dollar confirms gold status!
Deepin Moments: 11-2-8-2022
Since the U.S. withdrew from the gold standard in the 1970s, when the U.S. announced that it was abandoning its anchor to gold, the dollar has been doing whatever it wants.
High Interest Rates & Inflation…Wolf Richter & Lynette Zang
Welcome to a very special edition of Coffee with Lynette. Today, I have a really wonderful returning guest, my good friend Wolf Richter. His site is called Wolf Street. And on there you'll find in-depth writings on economics, business, financial issues, Wall Street shenanigans, lots of those right complex entanglements and other debacles and opportunities that catch his eye.
Chapters:
0:00 Wolf Richter from Wolf Street
1:13 Government Bond Markets
12:52 Housing Bubble Pop
22:13 Finalization of Everything
26:32 CBDC Race
30:08 Inflation
37:02 Functions of Money
41:00 Public Confidence
China and Russia BRICS Masterplan is Collapsing the EU and US Economy
IT HAPPENED! China & Russia BRICS Masterplan Is Collapsing The EU and US Economy | Fall Of The West
Investing Future: 11-27-2022
China’s crude buyers have paused purchases of some Russian oil as they wait for details of a US-led cap to see if it presents a better price.
Several cargoes of Russian ESPO crude for December-loading remain unsold and there’s hesitation among sellers and Chinese buyers to close deals before more clarity on the exact price cap level is known, according to traders with knowledge of the matter.
More details on the measure are expected soon. The price limit is set to be implemented alongside European Union sanctions on Russian crude on Dec. 5, with those adhering to the measure gaining access to insurance, banking and shipping services from the bloc.
IT HAPPENED! China & Russia BRICS Masterplan Is Collapsing The EU and US Economy | Fall Of The West
Investing Future: 11-27-2022
China’s crude buyers have paused purchases of some Russian oil as they wait for details of a US-led cap to see if it presents a better price.
Several cargoes of Russian ESPO crude for December-loading remain unsold and there’s hesitation among sellers and Chinese buyers to close deals before more clarity on the exact price cap level is known, according to traders with knowledge of the matter.
More details on the measure are expected soon. The price limit is set to be implemented alongside European Union sanctions on Russian crude on Dec. 5, with those adhering to the measure gaining access to insurance, banking and shipping services from the bloc.
The cap is designed to keep crude flowing from the OPEC+ producer to prevent a global supply shock but crimp the Kremlin’s revenues as it wages war in Ukraine.
The European Union sets a price cap on Russian gas, and Moscow responds by ceasing all flows of gas to the EU for the foreseeable future.
A hard winter in Europe and northeast Asia drives up demand and a prolonged period of Dunkelflaute – literally a ‘dark lull’ in the conditions needed to generate wind and solar power – across north-western Europe reduces renewable power generation at a critical time.
This results in an increased demand for gas and a further draw-down on storage.
With a recession looming over our heads, great times have turned into tough times in this gloomy world, trade relationships are being broken, and economies like the UK are at the brink of an economic collapse
Will the EU follow suit and be the next to have an economic collapse?
News, Rumors and Opinions Sunday Afternoon 11-27-2022
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
KTFA:
Samson: Experts: US sanctions against 14 Iraqi banks accused of money laundering reduce dollar sales at the currency auction
27th November, 2022
Numerical data on currency sales to the Central Bank of Iraq showed the extent of the decline in it during the month of November, which sometimes reached less than 100 million dollars per day, after it used to exceed 250 million dollars per day, most of which goes in the form of external transfers.
Economist Nabil Al-Marsoumi said in an interview with Shafaq News agency; The US sanctions that it placed on 14 Iraqi banks on the blacklist as a result of their smuggling of dollars and their money laundering process, which was stopped by the Central Bank of Iraq after it was entering the window for selling foreign currencies behind the decrease in the central bank’s sales of dollars.
He added, "The decline is not related to the general economic situation and is not related to the general budget, but it is related to the sanctions, the US Federal Bank, by issuing orders and instructions to the Central Bank of Iraq not to deal with these private banks."
He pointed out that "the lack of sales led to a scarcity in the supply of US dollars to the Iraqi market," pointing out that "the price of the parallel dollar began to approach 1,500 dinars against one dollar."
It is noteworthy that the central bank sells the dollar in an auction that it organizes daily to banks and mediation companies in order to finance foreign trade and finance the internal market in dollars, but many economists and politicians have indicated corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions for that. LINK
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Samson: Al-Sudani announces the recovery of 182 billion dinars from tax secretariats
27th November, 2022
The Iraqi Prime Minister, Muhammad Shia' al-Sudani announced, on Sunday, the recovery of 182 billion Iraqi dinars, as part of the stolen tax secretariats, which was known as the "theft of the century".
Al-Sudani said, in a press conference, followed by Shafaq News Agency, that "the competent authorities managed to recover the first batch of more than 182 billion dinars, and that investigative committees were formed to audit the instruments disbursed from the tax secretariats."
He added, "The investigation committee pointed out the violations and negligence in facilitating the seizure of trust funds, and there are bodies within the Tax Authority and other supervisory and responsible parties that facilitated the theft of trusts," pledging to "announce the parties that facilitated the theft of trusts after completing the investigations."
And the Prime Minister continued: "We will not exclude any party involved in the theft of safe deposits, and there are investigative committees that have reached a conclusion that 114 checks have been paid to the accused, Nour Zuhair, with a total amount of more than one trillion dinars."
Al-Sudani pointed out that "the managing director of the Badia Al-Masar company is called Abd Al-Mahdi Tawfiq and its accused owner, Abd Al-Rahman Muhammad Ibrahim," pointing out that "66 checks have been disbursed for a total amount of 982 billion dinars to the (Humpback Whale) company to its fugitive managing director Abd Al-Mahdi Tawfiq and its accused owner, Qassem Muhammad."
The Prime Minister stated, "The money spent amounts to three trillion, 754 billion, 642 million, and 664 thousand dinars," calling on the defendants against whom arrest warrants were issued to "surrender themselves and hand over the stolen sums, and work will be done with the judiciary to assist them in accordance with the law."
In conclusion, Al-Sudani asked the Director General of Al-Rafidain Bank to receive the refund amount from the tax secretariats. LINK
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Courtesy of Dinar Guru
RVAlready I hold out some hope that the CBI promised the IMF to RV by Nov 30. We will see us that holds up.
Suzie Community Member Comment: Its great to see them trying to rush the budget law but also remember this is iraq great with words and slow with action...maybe this time they will actually do it on time. SUZIE: Let's hope so, it seems like the last couple years things always look good at this time of the year only to have "something" get in the way and it carries on. Perhaps this year will be "the best Christmas ever"! MEMBER: We should have a very good idea on the 9th since we were told that is when the budget is supposed to be given to the goi"
9 countries announced to buy oil with gold instead of dollars!
Deepin Moments: 11-27-2022
On November 24, Ghana's Vice President Mahamudu Bawumia announced on social media platforms that Ghana is developing a new policy to use gold instead of dollars to buy oil.
This decision is certainly a renewed call for a global shift away from the dollar!
The move is intended to counter the decline in foreign exchange reserves and the demand for dollars by oil importers.
As of the end of September, Ghana's total international reserves stood at about $6.6 billion, equivalent to less than three months of imported reserves. This is reportedly down from about $9.7 billion at the end of last year.
According to Bawumia, if implemented as planned in the first quarter of 2023, the new policy "will fundamentally change our balance of payments and significantly reduce the continued devaluation of our currency, and the use of gold will prevent the exchange rate from directly affecting fuel or utility prices, as Ghana's oil companies will no longer need foreign currency to import petroleum products.
Prepare For The Russian Reversal - Putin Strikes Back
Sean Foo: 11-27-2022
Putin is about to flip the script on the G7's price cap and this is going to take the energy crisis to a whole new level. As the price cap on Russian oil looms, the G7 can't seem to get their plan in order and now Putin is about to derail everything with this presidential decree. Here's what you must know!
The US PetroDollar Won't Exist in 5 Years, Here's Why.
The US Petrodollar Won't Exist in 5 Years. Here's Why.
Investing Future: 11-27-2022
Petrodollars are just U.S. dollars that an oil exporter accepts as payment; they are not separate currencies.
Petrodollars are the proceeds from the export of crude oil. The phrase became popular in the middle of the 1970s, when rising oil prices led to significant trade and current account profits for nations that exported oil.
The U.S. dollar was and is by far the most extensively used currency, oil sales and the associated current account profits were both expressed in dollars back then as they are now.
The US Petrodollar Won't Exist in 5 Years. Here's Why.
Investing Future: 11-27-2022
Petrodollars are just U.S. dollars that an oil exporter accepts as payment; they are not separate currencies.
Petrodollars are the proceeds from the export of crude oil. The phrase became popular in the middle of the 1970s, when rising oil prices led to significant trade and current account profits for nations that exported oil.
The U.S. dollar was and is by far the most extensively used currency, oil sales and the associated current account profits were both expressed in dollars back then as they are now.
This does not mean oil cannot be traded in other currencies, the crux of the matter is, Crude prices are set in the US dollar, so it does not matter how it is traded, it ends up being valued by the US dollar which simply makes it easier to be traded in the currency as there is a risk of over selling or underselling if another currency is used.
The acceptance of the U.S. dollar around the world is independent of oil producers' goodwill. It is based on the fact that the United States has the biggest economy in the world, is the world's largest importer of goods, and has a strong legal system and a strong military.
The 1974 agreement between the United States and Saudi Arabia to transfer Saudi petrodollars into U.S. Treasury bonds is a prime example of petrodollar recycling. This gives more trade reliability even to the use of the dollar.
The Petroyuan: A Replacement to the Petrodollar The petrodollar has competitions and its strongest competition is coming from one of America’s greatest rival, China.
Petroyuan is a version of the Yuan, the currency used by the Chinese officially, which was first designed for oil transactions. The Chinese government published the first long-term oil trading contracts in Petroyuan on March 26, 2018.
The goal of this project is to rival with the American petrodollar, which has dominated the marketplace since the dollar benchmark was introduced in 1971 and replaced the gold standard, giving the US control over the majority of the global currency supply.
The Yuan, also known as Renminbi will gain more credibility on the global market if it is used as payment in the oil transaction between China and Saudi Arabia.
The concern is that Saudi Arabia’s adoption of the Renminbi would cause a ripple effect that would likely change international trade permanently.
The US dollar's position as the main currency in the world will undoubtedly be impacted if more and more nations adopt the Chinese yuan.
With the United States being so powerful and able to slap economic sanctions on any country that does not do her bidding, many nations throughout the world start to understand that they shouldn't put all their eggs in one basket as a result.
Russia is now mandating those nations it considers to be "unfriendly" to pay for their imports of oil and gas in rubles rather than in US dollars in order to circumvent sanctions from the United States.
In this video, I'm going to discuss the US petrodollar and why it won't exist in 5 years. I'll explain how the US government got in debt and how they'll have to pay it back with our taxes.
The petrodollar is a fiat currency that is based on oil reserves. The US government originally got into debt to create this currency, and now they're going to have to pay it back with our taxes.
The petrodollar won't exist in 5 years, and we'll be using different currencies to purchase goods and services.
More News, Rumors and Opinions Saturday PM 11-26-2022
KTFA:
Samson: In the document... a deputy reveals that the Ministry of Finance confirmed the theft of (3.7) trillion dinars from the tax account
25th November, 2022
Member of the Parliamentary Integrity Committee, Representative, Engineer Ahmed Taha Al-Rubaie, revealed that the Ministry of Finance confirmed that the amounts stolen from the trusts account belonging to the Tax Authority in the Rafidain Bank amounted to (3.7) trillion dinars.
Al-Rubaie said in a statement: "The ministry indicated, in its address to our office, a detailed report on the amounts and the parties responsible for disbursing these amounts."
KTFA:
Samson: In the document... a deputy reveals that the Ministry of Finance confirmed the theft of (3.7) trillion dinars from the tax account
25th November, 2022
Member of the Parliamentary Integrity Committee, Representative, Engineer Ahmed Taha Al-Rubaie, revealed that the Ministry of Finance confirmed that the amounts stolen from the trusts account belonging to the Tax Authority in the Rafidain Bank amounted to (3.7) trillion dinars.
Al-Rubaie said in a statement: "The ministry indicated, in its address to our office, a detailed report on the amounts and the parties responsible for disbursing these amounts."
He added, "For oversight purposes, we have addressed the Ministry of Finance more than once to clarify the stolen amounts, the parties behind them, and the ministry's procedures for exposing the thieves of public money.
"The administrative and judicial investigation, confirming at the same time his communication with the judicial and oversight authorities to follow up the details of the issue until the money is recovered and the corrupt are held accountable. LINK
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Samson: Nassif reveals about a "big theft" of Iraqi politicians' money
26th November, 2022
A member of the Parliamentary Integrity Committee, Alia Nassif, revealed today, Saturday, a second type of theft, which is related to politicians' money.
Nassif said, in an exclusive interview with Mawazine News, that "most of the politicians' money was placed in the banks of Beirut, and because of the bankruptcy of Lebanon, the banks also went bankrupt, which prompted the owners of the money to establish a transfer entry from the Lebanese Bank to the Rashid or Al-Rafidian Bank."
And she added, "They are filing a lawsuit against Al-Rashid Bank or Al-Rafidain Bank to obtain that money, which led to the banks' attention to those movements," indicating that one of them was in the amount of one million 250 thousand dollars and the other two million and 250 thousand dollars, which the judiciary noticed and stopped the procedures and lawsuits, and some were arrested. Those involved and the file under investigation.”
She pointed out that “the defendants held high positions, “Minister of Foreign Affairs and head of a security apparatus,” which amounted to 6 billion dinars. LINK
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Samson: 58% of Iraq's oil revenues over the past five years came from India's pocket
26th November, 2022
The value of Iraqi oil exports during the past five years amounted to more than 390 billion dollars, 58% of which came from India.
And the “TradeMap” website stated, in a statistic, that “the value of Iraqi mineral fuel and mineral oil exports to India during the past year amounted to 26,450,561 dollars, up from the year 2020 by 64%, in which the value of oil exports to India amounted to 16,075,561 dollars, and also high.” For the year 2019, in which the value of oil exports amounted to 22,025,731 dollars.
She added, "The value of Iraqi oil exports to India during the past five years amounted to 230,486,927 dollars," noting that "the value of Iraqi oil exports to countries around the world during the past five years amounted to 390.615 billion dollars."
Iraq ranks first among the oil exporting countries to India, followed by Saudi Arabia and Russia. LINK
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The Finance Minister comes out and says there is no change in the rate as of now and says when the new budget comes out it will also not happen. We don't know what in the world this person is talking about because yesterday they said the opposite. We know they can't come out and just say they are going to have a rate change. That's illegal. So we try to read between the lines. FRANK: Bravo! ...What an advancement in attitude. He knows his laws...
Samson Article: "Industry: Five thousand plants will start production in the coming years". Quote: "The aforementioned factories, which were granted regular establishment licenses by the Ministry, will supply the local markets...with various goods and commodities, which will give the country an opportunity to dispense with importing all its needs of those goods, and be satisfied with their local counterparts.."
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Peter Schiff- China REFUSES To Accept US Dollar Threatening To Collapse The Entire US Economy
InvestorNote: 11-26-2022
In today's video, Peter Schiff talks about the federal reserve and central banks that caused inflation around the world.
According to Peter, inflation is only going to get worse and it's never going back to the 2% that the fed is trying to achieve.
"This Will Blow Apart the Euro" Aladair Macleod
This Will BLOW APART The Euro | Alasdair Macleod
Liberty a nd Finance: 11-26-2022
Rising interest rates are putting stress on the system, and Credit Suisse is the first victim.
Credit Suisse is experiencing a sort of run on the bank as investors pull billions out of the institution.
This could be the beginning of a trend, says Alasdair Macleod, Head of Research at Gold Money. “You will see the banking community as a whole backing off from banks they perceive to be too risky to have as counter parties.”
Macleod explains that rising rates along with other current economic conditions could destabilize the whole of the European banking system and “blow apart” the Euro itself.
This Will BLOW APART The Euro | Alasdair Macleod
Liberty a nd Finance: 11-26-2022
Rising interest rates are putting stress on the system, and Credit Suisse is the first victim.
Credit Suisse is experiencing a sort of run on the bank as investors pull billions out of the institution.
This could be the beginning of a trend, says Alasdair Macleod, Head of Research at Gold Money. “You will see the banking community as a whole backing off from banks they perceive to be too risky to have as counter parties.”
Macleod explains that rising rates along with other current economic conditions could destabilize the whole of the European banking system and “blow apart” the Euro itself.
News, Rumors and Opinions Saturday AM 11-26-2022
KTFA:
Samson: Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6
26th November, 2022
Oil prices fell 2% in Friday's session, with a decrease in liquidity in the market, at the end of a week marred by concern about Chinese demand and controversy over the West's placing a ceiling on the price of Russian crude
Brent crude futures fell $1.71, or 2%, to settle at $83.63 a barrel, giving up early gains. US West Texas Intermediate crude futures fell $1.66, or 2.1%, to record $76.28 a barrel, according to Reuters
Energy Oil prices The “high” Russian oil ceiling plunges Brent and “American” crude
KTFA:
Samson: Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6
26th November, 2022
Oil prices fell 2% in Friday's session, with a decrease in liquidity in the market, at the end of a week marred by concern about Chinese demand and controversy over the West's placing a ceiling on the price of Russian crude
Brent crude futures fell $1.71, or 2%, to settle at $83.63 a barrel, giving up early gains. US West Texas Intermediate crude futures fell $1.66, or 2.1%, to record $76.28 a barrel, according to Reuters
Energy Oil prices The “high” Russian oil ceiling plunges Brent and “American” crude
There was no settlement of WTI contracts on Thursday due to the Thanksgiving holiday in the United States and trading volumes remained low "Because volume is thin after the holiday, we gave up some of the gains here to some extent," said Phil Flynn, analyst at Price Futures Group
Both contracts recorded their third consecutive weekly decline, after reaching their lowest levels in ten months last week. Brent ended the week down 4.6%, while WTI fell 4.7%
On Friday, China, the world's largest oil importer, announced a new record high daily number of "Covid-19" infections, as the country's cities continued to impose travel bans and other restrictions aimed at controlling the outbreak
On the other hand, diplomats from the Group of Seven countries and the European Union are discussing imposing a price ceiling on Russian oil between $65 and $70 a barrel, but no agreement has yet been reached. European diplomats said a meeting of EU government representatives, scheduled for Friday evening to discuss the proposal, had been cancelled LINK
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Samson: Iraqi companies and factories participate in the “Ninth Halal” exhibition in Istanbul
26th November, 2022
Today , Saturday, the Iraqi General Company for Exhibitions and Commercial Services stated that the Iraqi participation in the “Ninth Halal” exhibition, which started in Istanbul, Turkey, and will conclude tomorrow, aims to represent the country in international economic forums, and to introduce the industry and the national product.
The company’s general manager, Zahra Al-Kilani, said in a statement, a copy of which “Al-Naeem News” received, that “the number of participating parties is within the Iraqi wing. It reached (25) companies and factories, all from the local private sector.
She explained, “This exhibition was held on the sidelines of the Eighth World Halal Summit, which was held in cooperation with the Islamic Center for Trade Development (ICDT). and the Institute of Islamic Countries for Standardization and Metrology, affiliated to the Organization of Islamic Cooperation.
Al-Kilani indicated, “The Halal Exhibition. It is considered one of the largest exhibitions that are held in this specialty,” noting that “the aim of holding this event is to provide a suitable environment for the exchange of experiences between participants, researchers and experts. in different parts of the world with regard to the concept of halal. Which includes (halal food and drinks, cosmetics, personal care, tourism, housing, financial and banking services, and fashion). LINK
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Goldilocks:
BRICS countries would account for two-thirds of the world economy, if new members, namely Saudi Arabia, join." Saudi Arabia is definitely a game changer for the world economy.
Saudi Arabia is already utilizing the Chinese Yuan for their oil exchanges. Watch the QFS. © Goldilocks
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Courtesy of Dinar Guru
Pimpy The World Bank basically laid out what it is Iraq needs to do to get their ducks in a row. If they can do that then ...they will see an increase in the value of the Iraqi dinar..
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They say the budget will be in parliament by the end of November or the first part of December. FRANK: The goal is to have it in by the 9th of December. And the banks in the United States of America know that IMO. If we do see an announced government by the 9th then January 1st 2023 has great potential for what we've been waiting for...
Central Bank's Master plan With Gold & Silver - Lynette Zang | Silver Price
Smart Money: 11-25-2022
Canada Has ZERO Gold Reserves - This Is A Big Mistake
Sean Foo: 11-26-2022
Central banks are buying gold, all except the Bank of Canada! Even with inflation sky-high and countries encountering a horrible currency crisis, Canada is still very deep into paper assets such as bonds.
This is why it is a mistake as we move towards a world where currencies are failing and a global monetary reset might be around the corner.
This is why central banks need to hold gold!