"Global Depression Imminent-Could Gold Reach $800,000 oz? Bill Holter
Bill Holter: Global Depression Imminent - Could Gold Reach $800,000oz?
As Good As gold Australia: 12-4-2022
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview finance and precious metals icon, Bill Holter.
The US Treasury curve is now more than 70% inverted. In the last 50 years of history, every time we have surpassed this threshold, a recession followed. We are now at 76% with the FED still hiking rates and doing QT. We are now in recession - so where to from here?
Global demand for silver is expected to rise 15% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the silver institute.
Bill Holter: Global Depression Imminent - Could Gold Reach $800,000oz?
As Good As gold Australia: 12-4-2022
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview finance and precious metals icon, Bill Holter.
The US Treasury curve is now more than 70% inverted. In the last 50 years of history, every time we have surpassed this threshold, a recession followed. We are now at 76% with the FED still hiking rates and doing QT. We are now in recession - so where to from here?
Global demand for silver is expected to rise 15% this year to 1.21 billion ounces, creating the biggest deficit in decades, according to the silver institute.
They predict a deficit of 194 million ounces this year, up from 48 million ounces in 2021. The amount of silver stored in vaults in London and New York has fallen by around 370 million ounces or 25% this year.
How long can this continue before demand outstrips supply, and forces silver prices into the stratosphere?
Peter Zollner, head of the banking department of the Bank for International Settlements, spoke at the global precious metals conference of the London Bullion Market Association just recently. He spoke very positively about the benefits of owning gold.
If it's good enough for the biggest central bank in the world to own gold, why wouldn't we follow their lead?
Governments and central banks all around the world continue to blame wars, climate change, and pandemics for the surge and inflation, never acknowledging their absolute mismanagement of the economy and ongoing debasement of fiat currency as the real contributor.
Bill Holter and Brian paint a very clear picture of the real cause of destructive inflation.
More News, Rumors and Opinions Monday Afternoon 12-5-2022
KTFA:
Clare: Government official: The exchange rate of the dollar will decrease and its impact will be after a week
2022-12-05
A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.
The official, who preferred not to mention his name and position, added that "the bank's decision came to reduce the gap between the central bank rate and the dollar price in the local markets or what is known as the black market," expecting "the dollar's decline to its previous levels, which were around 147 thousand dinars compared to 100 dinars." dollar".
KTFA:
Clare: Government official: The exchange rate of the dollar will decrease and its impact will be after a week
2022-12-05
A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.
The official, who preferred not to mention his name and position, added that "the bank's decision came to reduce the gap between the central bank rate and the dollar price in the local markets or what is known as the black market," expecting "the dollar's decline to its previous levels, which were around 147 thousand dinars compared to 100 dinars." dollar".
Yesterday, Sunday, the Central Bank of Iraq decided to increase the share of banks, exchange and financial mediation companies from the dollar, in order to reduce the price of the dollar in the local markets, after its rise yesterday, Sunday, to more than 150 thousand dinars, compared to 100 dollars.
And the bank stopped 14 banks from entering the auction after the US sanctions that it imposed on these banks as a result of smuggling the currency.
It is noteworthy that the Central Bank sells dollars 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 indicated the existence of corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions to that over the years. these years. LINK
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Clare: Association of Banks: Central Bank measures will return dollar prices to their rates quickly
12/05/2022
The Iraqi Private Banks Association announced, on Monday, that the Central Bank's measures to increase the supply of dollars through its approved outlets will lead to a return of exchange rates to their rates quickly.
"The economic and political conditions and their repercussions negatively affect stability in the monetary system and the financial system, and thus this will lead to economic instability and market confusion," the association's advisor, Samir Al-Nusairi, said in a statement.
Al-Nusairi added, "Several days ago, a new wave of criticism began from some media outlets affected by rumors launched and driven by speculators in the currency exchange market with the aim of creating a state of confusion and instability and trying to drag the money market into instability and thwarting the central bank's plans to control the target rates for the exchange rate." The exchange rate, which has remained stable since its adjustment to the new rates of finance, banks and the public.
He pointed out that "speculators took advantage of the decline in dollar sales in the window for selling foreign currency, which the central bank clarified in a statement last week that the reason is the application of a new electronic platform to control external transfers similar to the letters of guarantee platform currently implemented," noting that "given the lack of sufficient preparation For local banks, with the start of the trial application of the platform, part of the foreign transfers were postponed, which resulted in a decrease in the volume of sales of the foreign currency sale window.
And he emphasized that “another rumor is that the central bank will make a new change to the current price,” explaining that “the central bank has repeatedly announced that there is no intention to change the price at present and explained the negative effects of any change in the price on the national economy, trade exchanges, and local and foreign banking dealings with countries.” the scientist".
And he continued, “The exchange rate is determined by the central bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, and a structural and systematic imbalance in managing the economy and money. Monetary, but this cannot be achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income, and leaving the unilateral economy relying on oil as a main resource that constitutes 93% of the general budget revenues and 57% of the gross domestic product.
And he stressed that "those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly." LINK
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Courtesy of Dinar Guru
Frank26 Article: "Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)" THE CBI SAID THERE WILL BE GRADUAL DECREASES TO THE DOLLAR EXCHANGE RATE.
Clare Article: "Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)" Quote: "The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the currency auction, in an attempt to restore the exchange rate to its previous state."
BRICS Secretly Created New Currency To Crash World Economy! - Peter Schiff
Mr. Blue: 12-5-2022
BRICS is planning a new world currency to replace the U.S Dollars. Is gold standard the new global currency, is this the end of U.S dollars ? China and its growing economy explained by Jim Rickards. China is doing something against the US dollars and how it will impact the US economy and stock markets.
ALERT! $5,000/oz Silver is COMING!! Just Have to END the Criminal Control of HUMANITY!!
(Bix Weir): 12-5-2022
99% of Silver Investors...including the "Professional Commodity Analysts & Brokers" are saying that Silver will rise over 50% in 2023!
HA! When the general public starts to buy silver they will quickly find out that Silver has turned into "Unobtainium!"...meaning they are shit out of luck at ANY PRICE! Don't wait. Buy your physical silver NOW and watch the action!!
UK Crisis Just Got Worse! Huge Threat to the Entire Europe Economy
TERRIFYING! UK Crisis JUST GOT WORSE! | HUGE Threat To The Entire Europe Economy
Tech Revolution: 12-5-2022
Recent studies have found that power costs in the UK are the highest in the world. In fact, electricity in the United Kingdom is among the most expensive in the world.
The effects of the rising cost of living problem were examined in a new study that looked at government data on energy and gas prices over the previous five years.
They figured out which nations have had the greatest energy price hikes annually. In fact, the maximum cost of electricity in the United Kingdom has increased from 28 pounds to 34 pounds per kilowatt-hour. And a combination of factors, including the ongoing conflict in Ukraine and the aftermath of the coronavirus pandemic, have led to a global rise in prices.
So, how did the UK get into this massive energy crisis? And what can the world do to mitigate its effects globally?
TERRIFYING! UK Crisis JUST GOT WORSE! | HUGE Threat To The Entire Europe Economy
Tech Revolution: 12-5-2022
Recent studies have found that power costs in the UK are the highest in the world. In fact, electricity in the United Kingdom is among the most expensive in the world.
The effects of the rising cost of living problem were examined in a new study that looked at government data on energy and gas prices over the previous five years.
They figured out which nations have had the greatest energy price hikes annually. In fact, the maximum cost of electricity in the United Kingdom has increased from 28 pounds to 34 pounds per kilowatt-hour. And a combination of factors, including the ongoing conflict in Ukraine and the aftermath of the coronavirus pandemic, have led to a global rise in prices.
So, how did the UK get into this massive energy crisis? And what can the world do to mitigate its effects globally?
There has been a lot of talk about the public information campaign, which is supposed to happen before Christmas. It affected three different prime ministers and caused tension among the Conservative Party.
Former business secretary Jacob Rees-Mogg approved the government's £15 million advertising effort, and the button was ready to be pressed. But that was stopped by Liz Truss because she thought it would look like "nannying."
As a result, European governments have started various initiatives to reduce energy use, such as campaigns encouraging citizens to turn down their thermostats and turn out the lights in public spaces. RBC analyst John Musk remarked that it is "quite late in the day" for the UK government to grasp that reducing energy use is the most cost-effective solution to the energy issue.
And Michael Gove, the government's housing secretary, has promised that the initiative would not be "nannying or patronizing." Specifically, it would direct consumers to "authoritative sources of information" on efficient energy management.
Retail providers, the energy regulator Ofgem, and non-profits like the Energy Saving Trust are only some of the possible origins of such information. Previous state energy drives have included celebrities like TV chef Delia Smith to spread the word.
It is not known if a marketing firm will be responsible for creating the ad campaign. Nonetheless, Tussell data reveals that the business department awarded a contract for up to £30 million in May. It was for the "supply of media buying services" to a branch of the advertising conglomerate Omnicom, including traditional and nontraditional media forms.
In the spring, the department filed a bid to Mindshare for a separate, four-year contract for up to £1.5m to handle ad hoc "campaign media activity" planning. Eight alterations have been uncovered by officials who can save up to £420 annually without sacrificing convenience.
Now, according to reports, the energy crisis in the UK is "greater than the pandemic." The United Kingdom must quickly resolve its skyrocketing energy costs or face a humanitarian disaster. However, the government might lose more than £100 billion on frozen gas and electricity rates over the next two winters. And it's more than the government spent on wages for millions of workers throughout the pandemic.
The British government attempted to mitigate the impact of predicted energy price hikes on consumers by 90% earlier this year through tax reductions, rebates on existing bills, and direct payments. However, since then, both natural gas and electricity costs have skyrocketed, and further hikes are expected.
And so, the Institute of Government estimated that an additional £23 billion in government spending would be required. And by saving this money, families could avoid paying an estimated 90% of the total increase in their energy costs from April 2023 through March 2024. Costing another £90 billion, offsetting the same percentage for the year ending in April 2024.
Moreover, one of the largest energy suppliers in the United Kingdom, Scottish Power, has made a proposal with costs that are consistent with this prediction. And Financial Times has demanded that the UK government protect tens of millions of households by placing a two-year bill freeze in place. Furthermore, a new report claims that the world is experiencing its "first truly global energy crisis."
News, Rumors and Opinions Monday 12-5-2022
KTFA:
Toyvp: Fitch Ratings upgrades VietinBank's credit rating
December, 03/2022 - 08:32
The Outlook on the IDR is Positive, in line with Việt Nam's sovereign rating of 'BB' with a Positive Outlook. The Viability Rating (VR) was affirmed at 'b'.
HÀ NỘI — Fitch Ratings has upgraded Việt Nam Joint Stock Commercial Bank for Industry and Trade's (Vietinbank) Long-Term Issuer Default Rating (IDR) to 'BB' from 'BB-' on an upgrade of its Government Support Rating (GSR) to 'bb' from 'bb-'.
The Outlook on the IDR is Positive, in line with Việt Nam's sovereign rating of 'BB' with a Positive Outlook. The Viability Rating (VR) was affirmed at 'b'.
KTFA:
Toyvp: Fitch Ratings upgrades VietinBank's credit rating
December, 03/2022 - 08:32
The Outlook on the IDR is Positive, in line with Việt Nam's sovereign rating of 'BB' with a Positive Outlook. The Viability Rating (VR) was affirmed at 'b'.
HÀ NỘI — Fitch Ratings has upgraded Việt Nam Joint Stock Commercial Bank for Industry and Trade's (Vietinbank) Long-Term Issuer Default Rating (IDR) to 'BB' from 'BB-' on an upgrade of its Government Support Rating (GSR) to 'bb' from 'bb-'.
The Outlook on the IDR is Positive, in line with Việt Nam's sovereign rating of 'BB' with a Positive Outlook. The Viability Rating (VR) was affirmed at 'b'.
Accordingly, the credit rating upgrade of VietinBank is considered based on the following factors.
It is a large commercial bank with a key market share in providing banking and financial services in Việt Nam.
Fitch Ratings said that the Vietnamese government was active and ready to support the banking system, especially large state-owned commercial banks like VietinBank.
Therefore, Fitch has upgraded the Government's support rating for VietinBank (Government Support Rating - GSR) to the same level as the National rating.
Along with that, Fitch has adjusted the outlook on VietinBank's operating environment from stable to positive.
VietinBank's income prospects and profitability have both improved in recent years, with high risk provision buffers, and operating efficiency is expected to continue to grow sustainably.
As a result, Fitch has adjusted VietinBank's outlook on earnings and profitability from stable to positive.
The fact that Fitch Ratings upgraded VietinBank's credit rating contributes to affirming the effective and sustainable operation as well as the prestige and position of VietinBank in the Vietnamese financial and banking market. — VNS
https://vietnamnews.vn/economy/1400882/fitch-ratings-upgrades-vietinbank-s-credit-rating.html
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
The TV is talking all the gold they now have. They're tying it in with the Monetary Reform. FRANK: Yes, they have told you in the past that you have a tremendous amount of gold to back up your reserves for your currency but you also have so much untapped reserve potential in the ground...Iraq is extremely rich...you will become a Mecca in the east.
Nader From The Mid East The decision this morning has been made to change the exchange rate. They actually said to the old one...we don' know if it's the 1160...then they said it's gonna go down slowly...the decision is made...maybe a couple weeks maximum you're gonna see some changes. So get ready for it.
Militia Man Article: "A deputy reveals the developments of the budget and calls for it to be sent before this day" Quote: "revealed the latest developments in approving the general budget, calling on the government to send it to the House of Representatives before the sixth day of this month...If the government succeeds in sending the general budget to the House of Representatives, the latter will continue to hold sessions until it is approved without going to the legislative recess." There are no coincidences to the on goings. The are pointing to a key date. 12/06/2022.
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TNT:
Harambe: Indonesia central bank says digital rupiah currency can be used in metaverse | Reuters (12/5/22)
Indonesia's central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse.
BI launched the design for its digital rupiah last week, following many central banks around the world that are developing so-called central bank digital currencies (CBDCs).
Perry, speaking at an event on the digital rupiah, added the currency will use a technology platform that will be compatible with other central banks' digital currencies.
"...therefore in terms of infrastructure, it can be integrated, interconnected, and interoperable [with other CBDCs]," he said.
Perry said there will be an agreement among central banks on the exchange rate used for digital currencies and on its operational supervision, which includes cyber risk and capital flow.
Southeast Asia's biggest economy currently bans the use of cryptocurrencies as a means of payment, but allows transactions of the digital assets in the commodity futures market for investment purposes.
BI will roll out the digital rupiah in stages, starting from wholesale CBDC to development of the digital rupiah's business model for monetary operations and money market, and eventually a retail CBDC for everyday use.
MARKETS A LOOK AHEAD: Expect MORE Propaganda And Higher Stock Prices. Here's Why.
Greg Mannarino: 12-5-2022
The Currency Reset Will Wipe Out Creditors and Usher in CBDCs.
Maneco64: 12-5-2022
oday I had the pleasure of speaking with Clive Thompson. Mr. Thompson is a retired Managing Director at Union Bancaire Privée, UBP SA at UBP - Union Bancaire Privée in Switzerland.
We covered topics ranging from the Fed's balance sheet, gold and silver, and the inevitable currency reset that will usher in CBDCs.
Clive Thompson's article- Could the Federal Reserve go bust, or will it be re-capitalized?: https://www.linkedin.com/pulse/could-federal-reserve-go-bust-re-capitalised-clive-thompson/?trackingId
Video Chapters:
00:00 Introduction
01:35 The Fed's balance sheet and huge operational losses
15:00 Principles of wealth management
17:31 CBDCs and the coming currency reset
DJ, Pimpy, Nader and more.....Monday AM 2-6-2022
DJ: DID YOU KNOW?
In trying to understand why things are the way they are, in particular, the GCR/RV, I’ve always had the mentality of ,”look to the motivation behind the action”. When governments put in, what appears to be, crazy policy’s or just plan stupid actions, what is the motivation behind it?
The same goes with just about any action that is taken by any foreign government, agency, institution, or person for that matter. Keeping in mind there is always “cause and effect” behind any action. Or for every action there is a reaction. But what I’ve not done is looked at the individual and questioned the individual’s motivations.
What is the real motivation behind a GCR/RV , from a personal perspective? The obvious comes to mind, a bunch of money can do a lot. There’s the world view of ending poverty, ending starvation, dismembering the evil bad guys who have corrupted the world and stabilizing the global financial systems, but then there is the personal view.
DJ: DID YOU KNOW?
In trying to understand why things are the way they are, in particular, the GCR/RV, I’ve always had the mentality of ,”look to the motivation behind the action”. When governments put in, what appears to be, crazy policy’s or just plan stupid actions, what is the motivation behind it?
The same goes with just about any action that is taken by any foreign government, agency, institution, or person for that matter. Keeping in mind there is always “cause and effect” behind any action. Or for every action there is a reaction. But what I’ve not done is looked at the individual and questioned the individual’s motivations.
What is the real motivation behind a GCR/RV , from a personal perspective? The obvious comes to mind, a bunch of money can do a lot. There’s the world view of ending poverty, ending starvation, dismembering the evil bad guys who have corrupted the world and stabilizing the global financial systems, but then there is the personal view.
We all say “O’yeah, i’m going to end global poverty and help stop all this madness”. “ I’m going to fund and do these massive projects to fix humanity”. But what is the reality?
Other than the immediate fix of upgrading one’s personal life and those of their loved ones, what is the reality of the long term benefits? Pretty much anyone who has been in this for any period of time has more years behind them, than years in front of them.
If the sums spoken of all come to pass you won’t be able to spend 1/100th of the money in your lifetime. I don’t know of any involvement by the younger generation. And it is that generation that will experience the benefits and effects, the GCR/RV will generate. It is that generation the baton will be passed to. Will they have the wisdom to build on the foundation we have made for them?
With age comes wisdom, (theoretically), and it is the nature of youth to pursue what catches their eyes not what catches their heart. With age we understand that success is not how high you have climbed, but how you have made a positive difference in the world. That when we are no longer able to change a situation, we are challenged to change ourselves. Thus , by extension, change the world.
With age comes the wisdom to understand that it is far more important to have what you need before you pursue what you want. It is a good thing to have lofty goals but we must teach our children to be grateful for what they have while they pursue their goals. If you aren’t grateful for what you already have, what makes you think you will be happy with more? DJ
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=212644
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Courtesy of Dinar Guru
Pimpy What happened between Kuwait and Iraq? August 2, 1990 Iraq invaded Kuwait. They occupied the country around October of 1990. Saddam Hussein told the people in Kuwait they had until October 3rd to exchange their Kuwaiti dinars for the Iraqi dinars. After that the Kuwait dinars wouldn't have any value...Both currencies immediately were devalued. Kuwait's dinar was devalued to protect it from being stolen and sold on the black market. Iraqi dinars were devalued because of the invasion. [Post 1 of 2....stay tuned]
Pimpy The Iraqi dinar at the time was worth $3.22...Kuwait dinar...$3.45...internationally the currencies were not usable. Central banks refused to acknowledge the currency and therefore it had no value. The U.S. liberated Kuwait February 28, 1991 and shortly after Kuwait redenominated their currency. So it's not so much the currency was revalued as much as it was re-denominated, which is different...I'm anticipating [Iraq] is going to do the same thing Kuwait did...you'll be able to exchange your old dinars for the new dinars and they'll just reinstate the rate. [Post 2 of 2]
The decision has been made the exchange rate it’s gonna go down to the old
Nader of the Mid East: 12-5-2022
https://www.youtube.com/watch?app=desktop&v=tFyefxGOF5Y&feature=youtu.be
Peter Schiff- "The US Economic Crisis Is About To Get Worse By 2023" | Economic & Gold Market
Investor Note: 12-5-2022
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.
Ultimate Guide To Your Us Bank Routing Number
Ultimate Guide To Your Us Bank Routing Number (+ A Full List)
Personal Finance - Janice Friedman - April 9, 2019
US Bank routing number Do You Know Your Bank Routing Number?
A routing number is a crucial number that you need when doing different transactions online or via phone. If you are a US Bank account holder, then it’s essential to know your routing number. Here is a list of all your US Bank routing numbers.
Every time you need to send and receive money from other financial institutions such as banks and credit unions, you need a routing number. In this article, we will give you the list of all US Bank routing numbers.
Ultimate Guide To Your Us Bank Routing Number (+ A Full List)
Personal Finance - Janice Friedman - April 9, 2019
US Bank routing number Do You Know Your Bank Routing Number?
A routing number is a crucial number that you need when doing different transactions online or via phone. If you are a US Bank account holder, then it’s essential to know your routing number. Here is a list of all your US Bank routing numbers.
Every time you need to send and receive money from other financial institutions such as banks and credit unions, you need a routing number. In this article, we will give you the list of all US Bank routing numbers.
If you want to make an electronic transfer, then you must provide both the account and the routing number. Therefore, if you’re going to make a payment online or by phone, you may be asked for your checking account routing number and your account number.
If you are working online, then making online transactions is inevitable. Proven online job opportunities can either be passive income or active income opportunities.
If you want to boost your revenue, you can start various online side hustles that pay daily cash or after a little while. Reselling items online are also proven and reliable side hustles.
Besides reselling tickets, you can get into flipping phones, reselling shoes and houses to generate additional income.
If you engage in different investments like dividend investments and making money online, it will not only boost your income but also accelerate your journey towards financial freedom and early retirement.
In your wealth building journey, you’ll need to track your various investments, checking accounts and money movement. I’ve been doing this for free with Personal Capital.
There is a difference between a routing number and an account number. So what is this difference between an account number and a routing number? Let’s evaluate.
Account Number vs. Routing Number
When you open an account with any financial institution, you will get routing and an account number. Both of which are vital to you and the bank since they help in the identification of both you the customer and the bank involved.
You will need to have both the account number and the routing number for different transactions such as direct deposit or online pay and order checks.
While the account numbers are specific to each account holder like the way a customer ID or fingerprints are, routing numbers help identify each financial institution with a unique numerical and are unique to each bank. Both are used to indicate where to send funds or the institution to receive the funds in a transaction.
Your routing number is a nine-digit number, but, your bank account number is usually a 10-12 digit numbers that are specific to your account.
The routing number is the first set on the left corner of a check and is usually pink in color while the account number is the next set of numbers after the routing number and is typically green in color. Both are between the character symbols.
What is a Routing Number?
Routing Number is otherwise known as Routing Transit number RTN sometimes called ABA American Bankers Association number is a nine-digit number that helps identify financial institutions in the United States.
To continue reading, please go to the original article here:
News, Rumors and Opinions Sunday Afternoon 12-4-2022
KTFA:
Clare: Parliamentary Finance suggests that the Iraqi Council of Ministers vote on the "2023 budget" in its next session
2022-12-04
The Finance Committee in the Iraqi Parliament suggested, on Sunday, that the Iraqi Council of Ministers will vote on the federal budget law for the year 2023 in its next session.
A member of the Finance Committee, Nermin Maarouf, told Shafaq News agency; "The general budget law for the year 2023 is supposed to reach Parliament in October, but the delay in forming the government caused a delay in its approval by the Council of Ministers and sending it to Parliament."
And she added; "The Ministry of Finance will complete the preparation of the draft general budget law, and during the coming days, the Finance will send the budget law to the Council of Ministers for approval."
Maarouf continued; "The Council of Ministers may vote in the Tuesday session of this week on the draft budget law." LINK
Godson: IMO.... Vote.. Pass... Gazette/ president signature... Law is activated... IMO.
KTFA:
Clare: Parliamentary Finance suggests that the Iraqi Council of Ministers vote on the "2023 budget" in its next session
2022-12-04
The Finance Committee in the Iraqi Parliament suggested, on Sunday, that the Iraqi Council of Ministers will vote on the federal budget law for the year 2023 in its next session.
A member of the Finance Committee, Nermin Maarouf, told Shafaq News agency; "The general budget law for the year 2023 is supposed to reach Parliament in October, but the delay in forming the government caused a delay in its approval by the Council of Ministers and sending it to Parliament."
And she added; "The Ministry of Finance will complete the preparation of the draft general budget law, and during the coming days, the Finance will send the budget law to the Council of Ministers for approval."
Maarouf continued; "The Council of Ministers may vote in the Tuesday session of this week on the draft budget law." LINK
Godson: IMO.... Vote.. Pass... Gazette/ president signature... Law is activated... IMO.
Henig: Minister of Oil: The “OPEC +” alliance decides to keep the oil production policy unchanged
Baghdad / NINA / - Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani affirmed the "OPEC Plus" alliance's adherence to the previously established production agreement and the rate of reduction until the end of next year 2023, taking into account emergency changes and developments.
After his participation in the ministerial meeting of the "OPEC Plus" alliance, Abdul-Ghani said: The meeting emphasized taking more necessary measures regarding developments in the oil market, if required, in order to maintain the required balance and achieve more stability in light of the circumstances and challenges facing global markets.
The minister referred to "the agreement on all the issues that were discussed, including those related to the Ministerial Committee to monitor production and the call for urgent and necessary meetings, and the importance of full compliance with the agreement and the compensation mechanism." LINK
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Clare: With the jump of the dollar.. the Sudanese directs to provide foreign currency locally
12/04/2022
Prime Minister Muhammad Shia Al-Sudani met, this morning, Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.
A statement by the media office of the Prime Minister said that Al-Sudani "listened to a briefing on the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors."
Al-Sudani directed "to conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq."
The Prime Minister affirmed "the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens' livelihood and their level of financial empowerment."
It is noteworthy that the local markets are witnessing a rise in the exchange rates of the dollar against the dinar, as it exceeded for the first time - since the central bank raised - the exchange rate to 1500 dinars per dollar. LINK
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Courtesy of Dinar Guru
Frank26 [ Iraq boots-on-the-ground report] FIREFLY: All the main banks in Iraq are saying they are keeping up with modern technology and...lined up with International standards and acceptance proceedings. FRANK: Holy cow!
Mnt Goat Welcome to the month of December! This is a very critical month for us investors in the IQD for if we are going to see any action by the CBI to reinstate the dinar anytime in January 2023. We must begin to hear news from them over the change out of the paper currency in circulation to the lower denominations to accommodate the new rate which they call the “project to delete the zeros”, which we all hope will be finally out of the program rate and to a much higher once on FOREX. Yes, a rate reflecting the true VALUE of the IQD, a rate we are all looking for.
Putin’s About To Flip The World Order - Russian Reset Will Shock The West!
Sean Foo: 12-4-2022
The price cap on Russian oil is coming and Putin is going to flip the sanction on its head. The G7 has agreed on a $60 price cap and a coalition is formed, however, there's a good chance this will backfire and split the world into two camps, BRICS versus the west.
Here's what you must know about Russia's plan to build a new order and system independent of the West.
RED ALERT! PROOF US Mint is Naked Shorting COMEX Silver! Loss of $111.7M on Hedge Book!!
Bix Weir: 12-3-2022
Well now we KNOW what CFTC Commissioner meant when he said in early 2021 "We had to Tamp Down the price of silver!" The US Mint is playing with MASSIVE amounts of Naked Silver Shorts on the COMEX and lost $111.7M in doing so!
It's all in the Mint's 2021 Annual Report. This is a disgusting display of the criminal US Government rigging operations that have been going on for decades.
We will see how long this lasts but the LIGHT OF DAY is shining down on these criminals...AND THEY HATE THAT!
Peter Schiff, Rafi Farber and more....Sunday 12-4-2022
BRICS Top Banks Just SOLD OFF Entire US Assets To Collapse US Economy | Peter Schiff
Expert Investing : 12-1-2022
Emerging giants in their fields The group of countries known as BRICS, which consists of Russia, Brazil, India, China, and South Africa, is becoming an increasingly influential economic bloc.
Reforming the global financial system is one of their top priorities. In April, Russia became the first nation to ratify an agreement to establish a “reserve pool” for the foreign currency worth one hundred million dollars.
This arrangement, known as the Contingent Reserves Arrangement, is essentially a reserve of foreign currency that any of the BRICS countries can access if they have an urgent requirement.
BRICS Top Banks Just SOLD OFF Entire US Assets To Collapse US Economy | Peter Schiff
Expert Investing : 12-1-2022
Emerging giants in their fields The group of countries known as BRICS, which consists of Russia, Brazil, India, China, and South Africa, is becoming an increasingly influential economic bloc.
Reforming the global financial system is one of their top priorities. In April, Russia became the first nation to ratify an agreement to establish a “reserve pool” for the foreign currency worth one hundred million dollars.
This arrangement, known as the Contingent Reserves Arrangement, is essentially a reserve of foreign currency that any of the BRICS countries can access if they have an urgent requirement.
Vladimir Putin, the current President of Russia, recently gave a speech at the BRICS Business Forum, where he mentioned that the member states of the multilateral organization were Creating a global reserve currency.
It is generally believed that this global reserve currency, which will include the national currencies of the countries that make up BRICS, will serve as an alternative to the Special Drawing Right issued by the International Monetary Fund (SDR).
Putin’s announcement, which came at a time when Russia is facing unprecedented global sanctions in the wake of the invasion of Ukraine, has highlighted the importance of recognizing the heterogeneous motives of the BRICS nations to not only facilitate intra-BRICS trade in local currencies but also to firewall their global financial interests.
This is because Russia is currently facing unprecedented global sanctions as a result of the invasion of Ukraine.
The BRICS nations have shown increased cooperation and intend to alter the current financial system dominated by the dollar. In the context of BRICS, Russia and China are taking the initiative to de-dollarize their economies to protect the interests at stake due to their geopolitical competition with the United States and considering the possibility that they will be subject to future sanctions.
India, Brazil, and South Africa have all expressed their support for BRICS’s statements regarding modifying the current international monetary system and expanding opportunities to encourage the use of national currencies in international trade.
The members of BRICS have taken action to de-dollarize their economies and increase their autonomy within the global financial Ukraine
The primary objective of the BRICS nations in creating a currency that functions similarly to the SDR is to challenge the dominance of the US dollar while simultaneously constructing their sphere of influence and a monetary unit that can be used within it.
To diversify their economies and lower the risk of exogenous shocks and currency shocks caused by the US dollar, all of the BRICS nations have identified de-dollarization as a shared interest and priority.
De-dollarization can take many forms. However, although the member states of BRICS collectively and individual intend to protect their global financial interests by creating a reserve currency, over-reliance on the United States dollar presents challenges that may prevent such an idea from becoming a near-term reality.
Rafi Farber: The Fed is $1.125 Trillion in the Red And Silver Makes a U Turn
Arcadia Economics: 12-3-2022
The Federal Reserve has "earnings"? Yes it does, and the issuer of the US Dollar itself is in the red, year to date, to the tune of $1.125 trillion.
Here's what that means for silver, and gold too.
As for other dying megabanks, there's Credit Suisse, stuffed with over $17 trillion of derivatives and currently suffering the worst bank run in its history. Financial crisis, anyone?
Sounds super, assuming you have your metals stacked and ready. To find out more, click to watch the video now!
A big change in the international situation! 20 countries signed an energy cooperation with Russia!
Deepin Moments: 12-4-2022
New Reserve Currencies, Crumbling Empires, BRICS and more: Parts 1 and 2
London Paul: Part 1 - War, New Reserve Currencies & Crumbling Empires
Palisades Gold Radio: Dec 1, 2022
In this two-part presentation, Tom welcomes back Paul from The Sirius Report to begin a discussion on the rapidly evolving multipolar world.
In part two, we dive further into the BRICS Currency System and why gold and silver can protect you from all possible outcomes of an uncertain future.
Paul is concerned with the unintended consequences of the war in Ukraine and the economic sanctions. They misunderstand how the Russian economy works and their alternative systems to SWIFT.
Since 2014, Russia has been constructing new domestic markets to diversify themselves away from the West.
London Paul: Part 1 - War, New Reserve Currencies & Crumbling Empires
Palisades Gold Radio: Dec 1, 2022
In this two-part presentation, Tom welcomes back Paul from The Sirius Report to begin a discussion on the rapidly evolving multipolar world.
In part two, we dive further into the BRICS Currency System and why gold and silver can protect you from all possible outcomes of an uncertain future.
Paul is concerned with the unintended consequences of the war in Ukraine and the economic sanctions. They misunderstand how the Russian economy works and their alternative systems to SWIFT.
Since 2014, Russia has been constructing new domestic markets to diversify themselves away from the West.
He explains the idea of the 'Global South' which includes 87 percent of the world's population that exists outside Europe and North America. The rest of the world took notice when Russian assets we're seized, and most countries are concerned they could be next.
Dedollarization is working because other nations are finding ways to use their own currencies to circumvent the dollar system. They are starting to avoid the expensive dollar by dealing directly with each other.
Europe and particularly Germany has been reliant on cheap energy from Russia. These nations could have signed long-term contracts last year for energy, but now the prices are much higher.
The United States has been pressing the narrative that Russia is not trustworthy, even though they have been an extremely reliable trade partner. Countries can't simply change energy suppliers overnight, and "It's almost like a comedy of errors with potential catastrophic consequences."
The West can't change course on Russia due to the amount of political capital that has been invested. Cooperation is happening between the global south and trade is already growing.
The West doesn't understand how China and Russia's economies actually function. Soon, the global south will not need the west. Western politics is a constant conflict and a total waste of time. It's just an illusion of choice, and practically nothing gets achieved.
Time Stamp References:
0:00 - Introduction
1:24 - Sanctions & Consequences
6:50 - The Global South
17:48 - Japan & Treasuries
19:07 - European Energy & Germany
28:18 - Blame Russia & Politics
32:47 - SWIFT Flight & Trade
35:34 - Economic Planning
42:29 - Ukraine in Collapse
50:17 - Russian Fixation
52:58 - Complexities
54:52 - Red Lines & Escalation
Talking Point From Part One - The lack of understanding and consequences of Western nations regarding Russia and China. - Why the era of cheap energy for Europe is now over. - The lack of West to have long-term economic plans and the consequences. - Europe's fixation on Russia and why politically they can't change course.
London Paul: Part 2 - Gold & Silver Protects Against All Possible Outcomes
Palisades Gold Radio: Dec 2-2022-
Paul discusses what a BRICS Currency system will look like and why it's likely to be backed by commodities and likely gold.
The ideas behind BRICS are continuing to evolve as more nations join across the world. Soon we could have upwards of thirty countries involved, and they will have to figure out how to weight the system.
This is a reality and no longer some sort of fictional idea. It's now maturing into a proper system with good organization. They are also being cautious and considering the risks of moving too fast.
The West is going to have to radically re-assess every part of the economy, governance and adapt to a much better system.
The U.S. believes it can bring it's industrial base back, but they can't afford the salaries. Then they will be unable to compete and can only serve the market internally.
They will need commodities from the rest of the world. The U.S. is dependent on the rest of the world for energy, and diesel in particular. There are many concerns about the sustainability of shale gas.
Paper markets for metals are massively manipulated. Markets are driven by algos and high-frequency trading. Markets today often react completely opposite to news.
There is a fundamental different mindset between western and eastern metals markets. You hold gold because it's a bet against everything. Your other choice is to wait for the collapse, but then you won't be able to get it.
The East continues to drain the West of metals, but eventually supply will no longer be available. That will mark the end of the paper markets and the beginning of true price discovery.
Time Stamp References:
0:00 – Introduction
0:46 - BRICS+ Currency System
18:58 - The Naked Emperor
26:50 - West Needs Cooperation
32:35 - Silver is Interesting
38:15 - Equally Great Nations?
41:16 - Metals & Manipulations
44:45 - Metals as Insurance
50:55 - True Price Discovery
1:01:40 - Distortions & Bubbles
1:11:30 - Credit Bubbles & Gold
1:14:13 - Wrap Up
Talking Point From Part Two - How a BRICS+ Currency System is likely to evolve. - Why the West needs cooperation among nations. - Metals manipulation and the importance of having physical metals. - The distortions in Western markets and system credit market problems.
Opec+ Just Announced Deeper Oil Cuts That Are Set to Destroy the Entire Global Market!
HUGE BOMBSHELL! OPEC+ JUST ANNOUNCED Deeper Oil Cuts That Are Set To DESTROY The Entire Global Market
Tech Revolution : 12-3-2022
Extra steps will almost certainly be taken by a coalition of the world's most influential oil producers.
According to Goldman Sachs, their goal is to restore equilibrium to the market and prevent a further decrease in prices. On December 4, OPEC and non-OPEC producers will for an important energy alliance meeting known as OPEC+.
And they'll be in charge of determining the course of action for production in the future. China from further Covid-19 restrictions, and as traders weigh the potential effects of a Western embargo on Russian oil. Recently, Goldman Sachs' global head of commodities, Jeff Currie, said that the firm had lowered its oil price predictions due to several variables.
And ahead of its meeting, OPEC+ announced deeper oil hikes that are set to destroy the US and the entire global market!
HUGE BOMBSHELL! OPEC+ JUST ANNOUNCED Deeper Oil Cuts That Are Set To DESTROY The Entire Global Market
Tech Revolution : 12-3-2022
Extra steps will almost certainly be taken by a coalition of the world's most influential oil producers.
According to Goldman Sachs, their goal is to restore equilibrium to the market and prevent a further decrease in prices. On December 4, OPEC and non-OPEC producers will for an important energy alliance meeting known as OPEC+.
And they'll be in charge of determining the course of action for production in the future. China from further Covid-19 restrictions, and as traders weigh the potential effects of a Western embargo on Russian oil. Recently, Goldman Sachs' global head of commodities, Jeff Currie, said that the firm had lowered its oil price predictions due to several variables.
And ahead of its meeting, OPEC+ announced deeper oil hikes that are set to destroy the US and the entire global market!
So that we're all on the same page, the Organization of the Petroleum Exporting Countries is a cartel comprised of many of the world's major oil-producing countries.
In 2016, OPEC came together with several other major oil-exporting nations that were not members of OPEC to form a more formidable organization that they dubbed OPEC+. And the primary objective of the cartel is to maintain a stable price for crude oil, which is a valuable fossil fuel.
OPEC and its allies control approximately 90 percent of its discovered oil reserves. And because it holds such a dominant market share, the alliance is in a position to significantly impact the price of oil, at least in the near term.
The ability of OPEC+ to influence oil prices over the long term is hampered by the fact that individual countries have different priorities than the organization as a whole.
At their upcoming meeting this weekend, OPEC and its allies are likely to discuss the possibility of further reducing production. And this will be in response to the falling oil price on the global market.
Traders were taken aback when Saudi Arabia and its partners announced a cutback in production of two million barrels per day the previous month. And President Joe Biden voiced his strong disapproval of this action. Even so, prices have already fallen.
It momentarily reached a low of approximately US$80 per barrel in London as the situation in China continued to deteriorate. Up until this week, the organization's representatives had issued a gloomy forecast. They even projected that they would wait to analyze the impact of the reductions.
However, now they are suggesting that even further reductions might be possible.
Before the summit on December 4, there had been no formal conversations held among the alliance's members. On the other hand, the fact that OPEC+ has chosen to hold its meeting virtually on December 4 indicates a low likelihood of a shift in policy.
Before the meeting, Riyadh transmitted an unusually clear pre-meeting signal to the market. Last week, the Energy Minister of Saudi Arabia, Prince Abdulaziz bin Salman, announced that OPEC and its allies were "ready to act." And if they believed it necessary to intervene and reduce supplies even further to "balance supply and demand," they would do so.
Amrita Sen is the principal oil analyst at the consultancy Energy Aspects Ltd and also helped found the company. He believes that OPEC will decide between a rollover and additional production cuts. He further said that they "are constantly careful about supply-demand balances."
Bloomberg polled 16 market participants and experts this week and expected a reduction in supply. And as for predictions, they can be anything from a quarter of a million to two million barrels each day.
FGE Consulting also estimates that the potential reduction might be rather large. It would appear that OPEC and its allies are concerned only with potential threats to the market's decline.
Of course, there are other factors that work against this. Recent hints of the group's preparedness to act have bolstered futures, and Brent has risen as high as 3.4% to US$86 per barrel. Now, the alliance is under constant pressure from consuming countries to keep the taps open to halting inflation.
In particular, deeper reductions might worsen the tension between the Biden administration and Saudi Arabia.
News, Rumors and Opinions Saturday 12-3-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 3 Dec. 2022
Compiled Sat. 3 Dec. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 29 Nov. was the last day the fiat US Dollar was to be used globally except for in the US, Canada and Mexico. The fiat US Dollar will be completely gone from those and other countries by the end of Jan. 2023. …Bruce
Tues. 29 Nov.: Dubai 1 final payouts completed. …a very High Up Source
Wed. 30 Nov.: Dubai 2 started funds release. …a very High Up Source
Starting Thurs. 1 Dec. the fiat US dollar will begin converting to the asset-backed USN. That will continue in stores and at banks for 60 days to the end of Jan. 2023. …Bruce
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Sat. 3 Dec. 2022
Compiled Sat. 3 Dec. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
Tues. 29 Nov. was the last day the fiat US Dollar was to be used globally except for in the US, Canada and Mexico. The fiat US Dollar will be completely gone from those and other countries by the end of Jan. 2023. …Bruce
Tues. 29 Nov.: Dubai 1 final payouts completed. …a very High Up Source
Wed. 30 Nov.: Dubai 2 started funds release. …a very High Up Source
Starting Thurs. 1 Dec. the fiat US dollar will begin converting to the asset-backed USN. That will continue in stores and at banks for 60 days to the end of Jan. 2023. …Bruce
Thurs. 1 Dec. Mark Micelli, the Trustee of the St. Germaine Trust, released some, but not all, funds from the Trust. On that same Thurs. 1 Dec. Buyers would engage Sellers with Contracts of German Bond Boxes …a very High Up Source
Fri. 2 Dec. and Mon. 5 Dec.: Advances made to Sellers. …a very High Up Source
Fri. 2 Dec. Redemption Center personnel put on two hour On Call. …MarkZ
Sat. 3 Dec.: a Banker let it slip that the new Iraqi Dinar Rate would be available to the general public on Sat. 3 Dec. …a trusted contact. “Iraqi chatter is they are going to announce to the world that they changed their rate on the 3rd of Dec.”…MarkZ
Sat. 3 Dec. at 4 pm Bond Holders and Sellers will receive their monies, but won’t have access until Mon. 5 Dec. or Tues. 6 Dec. …Bruce
Overnight Sun 4 Dec. into Mon. morning 5 Dec. Tier 4B should receive the 800 numbers exchanges to start on Tues. 6 Dec. …Bruce
By Mon. 5 Dec. the full funds from the St. Germaine Trust were expected to be released …a very High Up Source
On Mon. 5 Dec. bonds will begin processing in mass according to Bond contacts in Europe. …MarkZ
On Mon. 5 Dec. Tier 3 was expected to be paid. …a very High Up Source
Global Currency Reset:
Fri. 2 Dec. MarkZ: They are still excited in Europe and Asia for the 5th. …The timing is event driven. We are expecting the market crash at any time….Pending US home sales drop 37% in the largest decline on record. This is the sharpest decline in the history of the United States. This is important because it is a leading economic indicator. Leading indicators point to something ugly coming.
Read full post here: https://dinarchronicles.com/2022/12/03/restored-republic-via-a-gcr-update-as-of-december-3-2022/
*************
Courtesy of Dinar Guru
Bruce [via WiserNow] ...it appears that those of us in tier four B will receive our notifications - at this point - It looks more like overnight Sunday into Monday morning - set an appointment on Monday or changes to start on Tuesday...Now that's where it is right now...Looking very good at this point. ...Let's see what happens - might not be anything until Monday. But you never know they could surprise us and bring something Saturday.
Militia Man ...We saw meetings with the International Monetary Fund (IMF), Central Bank of Iraq (CBI). Finance Ministry of Iraq (FM), Federal Audit Bureau (FAB), etc...They have the 2003 Budget in the news today too...That meeting with the IMF had auditors at the Federal level... Then we see them talk today about the budget draft to be voted on in the late hours prior to 12/08/022 with the Parliament...the data necessary for a rate change is likely upon us sooner than later.
Saudi Arabia controls US oil and ends the dollar!
Deepin Moments: 12-3-2022
Since the end of the Cold War in the 1990s, the United States has dominated the world for 30 years, and if we count from the end of World War II, when the United States stole the world's top seat from the British Empire, the United States has dominated the world for 70 years.
The United States can dominate the world by three core pillars: dollar hegemony, military hegemony, and public opinion hegemony.
Although the former British Empire has been reduced to a small follower of the United States for decades, the influence of the BBC in the global court of public opinion is still huge, not to mention the U.S. public opinion system, all kinds of news media, rating agencies, Hollywood cultural output, basically monopolizing the world's discourse, in the court of public opinion is a common occurrence.