What If – The Story of a Ponzi Scheme
What If – The Story of a Ponzi Scheme
By Joshua Parker | November 16, 2022
What if… What if the entire world was a massive Ponzi scheme?
What if what we think of as money is really just special pieces of paper with sophisticated markings on them?
What if the strength of the US dollar is really only dependent on the “faith and credit” of the US financial system and the Federal Reserve bank?
What If – The Story of a Ponzi Scheme
By Joshua Parker | November 16, 2022
What if… What if the entire world was a massive Ponzi scheme?
What if what we think of as money is really just special pieces of paper with sophisticated markings on them?
What if the strength of the US dollar is really only dependent on the “faith and credit” of the US financial system and the Federal Reserve bank?
What if the “Federal Reserve” bank is “federal” in name only and actually a private bank owned by the richest bankers in the world that use the system to build their wealth while taking advantage of (and stealth-fully stealing) yours?
Wait – all of that is true!
And what if the private “Federal Reserve” bank removed the reserve requirement for banks in 2020 to zero percent and banks no longer are required to hold any reserve?
Wait – that’s true also!
Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
A form of fractional reserve lending may have began in the middle ages when goldsmiths debased gold coins with other metals thus diluting their value while these coins were initially traded as pure gold.
The modern form of fractional reserve lending is far more complicated and involves percentages that are supposed to be held by banks as reserve allowing them to loan out more than the deposits show they’ve received.
The even more complicated part is how banks determine just what is considered a “deposit” and this gets deep into the quagmire of the banking system.
Essentially the banking system can’t operate without your signature or agreement to pay a sum of “money” and the way the banks then illegally “deposit” your monetized agreement (promissory note) the same way they would receive a deposit of US Dollar notes (cash). This is the devious way the banks built up their fake reserves of “money” before the Federal Reserve eliminated the reserve requirement.
Once received, the non-existent “money” they receive at the bank (your promise to pay!) is put into the banks double entry accounting as a deposit but the banks never show this side of their books.
I can tell you this first hand because back in 2003 I was sued by Citibank for over $11,000 which I had disputed and through a motion for dismissal and a motion for summary judgement I was litigating to see this side of their books in the discovery process. This is the part of a legal proceeding where evidence is revealed from the other party.
The fact is these banks will do everything in their power NOT to reveal this hidden side of their books.
I actually won that case in summary judgement and was awarded a judgement of court costs but since I had defended myself in court these only amounted to $413 for the costs of photocopying, etc. There’s a funny story that follows this but I’ll save it for a future post if any questions arise from this story.
The long story short of this lesson is that banks are hiding their actions because technically they are not only unethical but also illegal. They simply can’t continue their racket without the power of YOUR signature and the way they do it is to use it to create a fictional deposit out of your promise.
This also reveals the fact that the entire fractional reserve banking system is based on debt and “Federal Reserve Notes” are simply an accounting of debt and that’s why the banks treat them the same way as your “promise” to pay a “debt” or loan they supposedly give you when in fact they simply create the “money” directly by receiving your “promissory note” on their books as a deposit.
One final note for this post is since the time of my case with Citibank most states including mine have created a mandatory arbitration clause that helps prevent such cases from going in front of a judge who may in fact give it fair consideration (like I was lucky to get).
In my case the opposing counsel didn’t take the case seriously and only showed up telephonically and the judge hated that and my motions were incredibly well written (if I do say so myself lol) and I knew the case law very well. Plus I dressed the part with a pin-striped suit and a nice briefcase. The judge thought I was in law school.
Without all those perks I may have not been taken seriously.
It’s pretty nice when the judge is schooling your opposing counsel by telling stories like “when I a young lawyer we had to walk 10 miles in the snow to get to court or we lost the case”!
Here’s some loosely related recent videos and interviews that might help bring this story into modern perspective.
Here’s a video with Gregg Mannarino from www.TradersChoice.net who’s insight on these topics is clear from his experience and his clear presentation of complex topics: LINK
Here’s an interview with Aaron Brickman and Mike Adams about the monetary system and what may happen after an implosion: LINK
References:
Federal Reserve: https://www.federalreserve.gov/monetarypolicy/reservereq.htm
Featured Photo By Kevin Krejci
Lawsuit Image courtesy of: EpicTop10.com
Please share your thoughts in the comments below and if you found this post useful share it with your friends and check out some of our other posts on De-Dolarization
Independent precious metals investor since 2006 who has learned through mistakes he hopes to help you avoid. Self employed entrepreneur since birth Owner of www.HealthHarmonic.com
News, Rumors and Opinions Monday Morning 12-12-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 12 Dec. 2022
Compiled Mon. 12 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset.
Anytime from no2 to Tues. 13 Dec. Bond Holder, Sovereign Buyers, CMKX Adjudicated Settlements, Farm Claims, Tiers 3,4 and the General Public were expecting to have access to GCR funds. …A High Up Source
On Sun. 11 Dec. Tony Renfrow sent out a tweet “Today I’ve got calls from the banks both here and in Iraq. Things are definitely moving on both ends. Christmas is coming.”
Sat. 10 Dec. Goldilocks: “Banks are preparing to activate the new digital gold backed financial system. At this time, banks are being audited to show proof of assets to support banking transactions. When this is complete, the implementation of an international payment system will come into play.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 12 Dec. 2022
Compiled Mon. 12 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset.
Anytime from no2 to Tues. 13 Dec. Bond Holder, Sovereign Buyers, CMKX Adjudicated Settlements, Farm Claims, Tiers 3,4 and the General Public were expecting to have access to GCR funds. …A High Up Source
On Sun. 11 Dec. Tony Renfrow sent out a tweet “Today I’ve got calls from the banks both here and in Iraq. Things are definitely moving on both ends. Christmas is coming.”
Sat. 10 Dec. Goldilocks: “Banks are preparing to activate the new digital gold backed financial system. At this time, banks are being audited to show proof of assets to support banking transactions. When this is complete, the implementation of an international payment system will come into play.”
As of Thurs. 8 Dec. the Iraqi Dinar was said to be floating in value on the Forex as part of it’s revaluation. That float could only be seen on the back screens of banks. When it became public, it would be published here: 1,000,000 IQD to USD – Iraqi Dinars to US Dollars Exchange Rate (xe.com)
Also on Thurs. 8 Dec. monies of the Global Currency began flowing into accounts.
Thurs. 8 Dec. Captain Kyle: Captain Kyle: “The Iraqi Dinar has Been Re-evaluated in Iraq at $11” QFS XRP IS CLOSE! #Gesara – YouTube
Knows the coordinator for a QFS Redemption Center Training for six states. That person has been in a room that had pallets of the new US Note called Rainbow Currency.
The Iraqi Dinar has revalued at $11+ In-country Rate. Only traded and exchanged in Iraq, not yet International. https://youtu.be/9XSmliGah3o
When we go through the transition to digital assets and the EBS the Dinar will be available to the rest of the world.
129-160 countries were now a part of BRICS
Over Thanksgiving all countries met in Geneva Switzerland and approved GESARA/NESARA.
Med Beds have been built and will soon be available to the General Public.
We are under Martial Law that could take over at any time, so the Brunson case at the Supreme Court was being used to educate the Public on what is going on.
Iraq and Kuwait will join together in the Dinar currency.
Everyone has a very secure Quantum Financial Account on the QFS System.
You will be able to access your account and do a transition from anywhere at anytime 24/7 that will take only seconds.
The Vatican was cleaned out in 2020. Over 660 military cargo planes took gold assets and spread them to the countries of origin. There are like operations around the world like in Switzerland and the Philippines where the gold was being confiscated that were still ongoing.
Restored Republic:
Goldilocks: I guess we know what’s about to happen with Saudi Arabia and their meeting with China this week. The use of the Chinese Yuan is being called for in the energy exchange process for the Gulf Nations. The de dollarization and fall of the dollar is at hand.
As the dollar levels off with other currencies around the world that rise due to the backing of gold early next year, our Eastern countries will have a level playing field going forward in trade. We have gone over this many times. You know what will happen to currencies around the world due to demand and the increase of their value under a commodity based economy.
Read full post here: https://dinarchronicles.com/2022/12/12/restored-republic-via-a-gcr-update-as-of-december-12-2022/
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Courtesy of Dinar Guru
Frank26 The HCL was agreed upon a long time ago...indirectly Article 140 was agreed upon a long time ago. This is going to trigger the exchange rate in the budget with the reforms...Article 140 - HCL - Article VIII - Forex - Float - cap it. This is good.
RVAlready ...If, indeed, their currency has depeged, we will have to see what the market thinks of their gold reserves, foreign currency and bond reserves, and GDP. It will take a bit for a new value to be established...Don’t be surprised if it does not jump right away. Iraq estimated 10 days for the price to stabilize. I’m guessing it should settle by December 20th...I’m hoping for $1 or $1.50 by December 20. We will see what happens.
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Scott Mowry Miracles Call
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How Russia Could Revalue Gold & Break The West
Sean Foo: 12-12-2022
Russia could use gold to flip the sanction tables on the West and potentially break the financial system.
According to Zoltan Pozsar of Credit Suisse, the United States is caught in a difficult position thanks to its oil reserves draining away and all Russia has to do is to price their oil in grams of gold to the West.
This could trigger a domino effect that will change the game! Here's what you must know.
Rafi Farber: If Russia Accepts Gold for Oil, Silver Quintuples
Arcadia Economics: 12-10-2022
Zoltan Pozsar, Head of Short Term Interest Rate Strategy at Credit Suisse, is at it again with his monetary musings. This time, he says that Russia may respond to a $60 price cap on its oil by only accepting payment in gold.
More News, Rumors and Opinions Sunday Afternoon 12-11-2022
KTFA:
Henig: An Economist: The Arab-Chinese summit will contribute to the formation of a new Middle East, in which Iraq will be one of the most important countries
Baghdad / NINA / - The Expert in Economic affairs, Safwan Qusay, confirmed that the Arab-Chinese summit will contribute to the formation of a new Middle East open to the East and the West, with Iraq being one of the most important countries for the transition towards a sustainable green economy.
Qusai said in a statement to the National Iraqi News Agency (NINA): "Iraq is looking forward to being a strategic partner with the countries of the Arab region to form an economic power that stimulates global investments to direct towards Iraq. Also, openness to China for cooperation with this region and then integration supports the stability of energy security globally." Especially since China is the world's first consumer of oil, and a quarter of Iraqi oil sales go daily to China.
KTFA:
Henig: An Economist: The Arab-Chinese summit will contribute to the formation of a new Middle East, in which Iraq will be one of the most important countries
Baghdad / NINA / - The Expert in Economic affairs, Safwan Qusay, confirmed that the Arab-Chinese summit will contribute to the formation of a new Middle East open to the East and the West, with Iraq being one of the most important countries for the transition towards a sustainable green economy.
Qusai said in a statement to the National Iraqi News Agency (NINA): "Iraq is looking forward to being a strategic partner with the countries of the Arab region to form an economic power that stimulates global investments to direct towards Iraq. Also, openness to China for cooperation with this region and then integration supports the stability of energy security globally." Especially since China is the world's first consumer of oil, and a quarter of Iraqi oil sales go daily to China.
He added, "Iraq is also looking forward to benefiting from China's experience in stopping desertification, addressing poverty, expanding Chinese investments in the commercial and petrochemical sectors, and trying to reduce fuel consumption locally to support exports through the transition to renewable energy uses and the transition to the digital economy.
Iraq is poised to shift towards an attractive environment to invest because of its geographical location, a link between the production of the continents of Asia and Europe, as well as the continents of Africa and Europe through the Kingdom of Saudi Arabia, and various resources in various sectors to contribute to creating job opportunities in various sectors and reducing poverty rates.
The economist stressed: "Creating an integrated strategy for growth in the region will contribute to the formation of a new Middle East that is open to the East and the West. Iraq will be one of the most important countries in this system for the transition towards a sustainable green economy."
Yesterday, Friday, in the Saudi capital, Riyadh, the Arab-Chinese summit was held, with the participation of Iraq, to create Arab-Chinese cooperation at all levels. LINK
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Henig: PM attends Vietnam-Luxembourg business forum, meets economic groups
December, 10/2022 - 12:11
Luxembourg is running 58 projects worth over US$2.6 billion in Việt Nam, ranking 17th out of 141 countries and territories investing in the Southeast Asian nation, according to the forum’s organisers.
Luxembourg is also the third largest European investor in Việt Nam, with capital mainly poured into information-communications, and real estate.
The two-way trade reached $96 million in 2019, $110.7 million in 2020 and $181.6 million last year, a rise of 64 per cent.
The forum was intended to identify investment potential and opportunities of each side, thus enabling businesses, investors and international organisations to make investment decisions.
In his remarks, PM Chính said Việt Nam was building three pillars of society –socialist democracy, a law-governed socialist State and a socialist-oriented market economy, while working on three strategic breakthroughs – institutions, human resources and infrastructure.
In the process, Việt Nam would need resources and external support to develop its capital, stock, bond and credit markets, the PM stressed, expressing his hope that Luxembourg would share its experience in these fields.
He assured investors from Europe in general and Luxembourg in particular as the Vietnamese Government had been doing its best to improve the investment and business environment, and protect investors just like Vietnamese citizens.
According to the leader, Việt Nam has signed a total of 16 free trade agreements (FTAs) with 64 big markets worldwide, along with many deals on investment protection and double taxation avoidance.
PM Chính said Việt Nam was in need of high-skilled laboured and those that hold university and post-graduate degrees, noting that he and Luxembourg PM Xavier Bettel had agreed to work together to improve higher education in Việt Nam.
With the good bilateral relationship, especially in trade and investment, and the big numbers of small and medium-sized enterprises in both countries, Việt Nam and Luxembourg have favourable conditions to boost their cooperation, according to the Vietnamese leader.
Việt Nam has regarded Luxembourg as a bridge to the EU and Việt Nam will be a bridge for Luxembourg to penetrate into the ASEAN market.
The PM said he hoped that the two countries’ investors would share experiences and collaborate to deal with obstacles emerging during their cooperation.
Carlo Thelen, Director General of the Luxembourg Chamber of Commerce, said Việt Nam was the 9th biggest trade partner of Luxembourg outside the EU and had the highest economic growth in ASEAN along with potential for the building of production and manufacturing centres.
Luxembourg firms strongly believed that the relationship between the two countries would grow further in the time ahead, he said.
Meeting with leaders of Luxembourg economic groups
As part of his official visit to Luxembourg, Prime Minister Pham Minh Chính received leaders of several large economic groups of Luxembourg and Europe on the same day, during which he affirmed that Việt Nam always created all favourable conditions and safe and transparent investment environment for foreign investors.
The Vietnamese government leader said that Việt Nam pursues a policy of selective investment attraction, basing on criteria such as quality, efficiency, technology and environmental protection.
The country gives priority to investment projects in the fields of high technology, innovation, research and development, and those helping Vietnamese enterprises to participate in value chains, promoting digital and green economy, circular economy towards contributing to sustainable development, he said.
Meeting with Luc Provost, CEO of B-Medical Systems Group - a Belgian corporation in medical technology and pharmaceuticals, PM Chính applauded the cooperation plan of B-Medical Systems with the Ministry of Health and the National Institute of Hygiene and Epidemiology of Việt Nam, affirming that research and technology transfer cooperation in the medical field is a major policy of Việt Nam in its vaccine strategy.
He suggested B-Medical Systems continue to research and invest in manufacturing high-quality and high-tech medical equipment in Việt Nam, and promote technology transfer to Vietnamese partners in the coming time, noting that this would be one of the sectors that Việt Nam gives priority to in attracting investment.
The Vietnamese Government would accompany and create favourable conditions for the Belgian firm to invest and do business effectively in Việt Nam, the PM said.
Hosting Maxim Straus, Vice President and Chief Financial Officer of Cargolux Group - one of the largest cargo airlines in Europe, the Vietnamese leader spoke highly of Cargolux's effective business and cooperation activities in Việt Nam over the past 15 years, saying that those contributed to connecting Vietnamese goods and markets with European and global markets.
He thanked Cargolux for its close coordination and support in transporting vaccines, medical equipment and other goods to help Việt Nam during the COVID-19 pandemic.
The PM welcomed Cargolux's cooperation with Việt Nam's airlines to expand its network of routes and cargo transportation systems both in Việt Nam and within ASEAN, saying that Việt Nam was poised to become Cargolux's main transit point in Southeast Asia.
In his meeting with Daniela Cattolico, vice president and head of the Global Procurement and Logistic of SMS/Paul Wurth Group - a global provider of metallurgical technology, PM Chính welcomed the proposal and plan of the firm to expand its business and investment in Việt Nam.
He suggested that the group transfer technology and share experience with Vietnamese partners to help them improve capacity and modernise business models, towards meeting the regulations and standards of the European Union (EU), reducing impacts on the environment and moving towards a green and clean economy, contributing to realising Việt Nam's carbon neutrality goal by 2050.
The Vietnamese leader proposed Paul Wurth further strengthen cooperation with Vietnamese partners, especially small-and medium-sized enterprises (SMEs) and develop supply chains in Việt Nam. VNA/VNS LINK
Courtesy of Dinar Guru
Paulette I believe that the closer to the end of this year that Sudani's GOI passes the budget, the greater likelihood we will see the CBI move to "restructure" the currency. Realize, this "restructure" must also come with a significant rate change. In country of course but a significant change nonetheless. I am hopeful this will be 1.46 IQD to 1 USD. I will certainly love to see $0.685 cents to 1 IQD going into January and then will sit tight knowing the RI is close behind.
MarkZ [via PDK] From my contacts there they are hoping officially for a float by midweek this coming week… I am beginning to believe based on things coming out of DC that this just might be a float and not go all at one time. So be prepared just in case. I hope I am wrong but I am starting to get the growing feeling that we are going to see a lowball rate and float. This could be the same thing for dong…Right now, this is just possibilities…Just be prepared for either direction.
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"Banks Have 1 Week To Find Missing $65 Trillion Or Face A National Liquidity Crisis" | Peter Schiff
Two Dollars Investing: 12-11-2022
"Banks Have 1 Week To Find Missing $65 Trillion Or Face A National Liquidity Crisis" | Peter Schiff Peter Schiff believes this is where the Fed is playing with it's power in the US economy right now.
News, Rumors and Opinions Sunday Morning 12-11-2022
KTFA:
The Central Bank of Iraq celebrates the Diamond Jubilee
December 10, 2022
Today, Saturday, the Central Bank of Iraq held its central celebration on the occasion of the seventy-fifth anniversary (Diamond Jubilee) of its founding at the Babel Hotel in the capital, Baghdad, with the participation of a number of personalities and the banking sector.
His Excellency the Governor of the Central Bank of Iraq, Professor Mustafa Ghaleb Makhaif, said in a speech to him on the occasion: On these days, seven and a half decades ago, this institution was founded, which you are proud of today, stressing that the Central Bank of Iraq has a long path in establishing a sober monetary system in Iraq, and has contributed to He strengthened the economic system and went hand in hand with the financial authority to assign it as an advisor to the government, and to stand behind it in times of adversity.
KTFA:
The Central Bank of Iraq celebrates the Diamond Jubilee
December 10, 2022
Today, Saturday, the Central Bank of Iraq held its central celebration on the occasion of the seventy-fifth anniversary (Diamond Jubilee) of its founding at the Babel Hotel in the capital, Baghdad, with the participation of a number of personalities and the banking sector.
His Excellency the Governor of the Central Bank of Iraq, Professor Mustafa Ghaleb Makhaif, said in a speech to him on the occasion: On these days, seven and a half decades ago, this institution was founded, which you are proud of today, stressing that the Central Bank of Iraq has a long path in establishing a sober monetary system in Iraq, and has contributed to He strengthened the economic system and went hand in hand with the financial authority to assign it as an advisor to the government, and to stand behind it in times of adversity.
He added: The performance of the Central Bank of Iraq for more than seven decades has been distinguished by the fact that it is always at a sufficient distance from politics and its repercussions, powers and fluctuations, so we established authentic work traditions that were completely politically neutral about the well-known fluctuations and circumstances that our country went through, pointing to financial management.
The state was, and still is, believing that the Central Bank of Iraq is the backing and backing for it and other state institutions. He explained that, after 2003, the new central bank law was issued, as its independence was clearly enshrined, and its powers and position in the hierarchy of the economic system in Iraq were consolidated. His distinctive supervisory powers were also evident.
His Excellency stressed that our banknotes were issued with the highest quality and the most reliable security characteristics available in the techniques of printing banknotes globally through contracting with the best international printing companies. It ensured the existence of a sound banking system despite the technical and security challenges surrounding this complex environment.
The celebration reviewed the history of the Central Bank of Iraq since its inception, as well as organizing dialogue sessions on monetary policy, the new roles of central banks, and the role of women in the Central Bank of Iraq.
Iraqi Central Bank information Office
10-December-2022 LINK
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Frank26 The CBI is having explosive meetings right now with many countries and entities in preparation of [Iraq's] budget and new exchange rate...the word 'mechanism' is being used to cover the new exchange rate in the budget...keep looking for that word because the governor of the CBI will be using it a lot from now on...
Frank26 Iraq is going to be a currency hub IMO and the IMF, World Bank, U.S. Treasury and all these entities have done a wonderful job getting the IQD in position to return to the glory days. Now will Iraq comply and go international and float? Or will they continue a gradual increase. I don't know but either one of these scenarios goes in the right direction and that's what's happening IMO.
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END Petrodollar! Saudi Arabia Unites 23 Countries to Restore Gold-dollar.
Deepin Moments: 12-10-2022
The petrodollar has collapsed, and the fundamental reason is that while the world's two largest oil producers, Saudi Arabia and Russia, are moving away from the dollar, a number of OPEC+ oil producers are also rising up against it.
In a new development, U.S. financial website Zero Hedge analyzed on Dec. 7 that when Russia introduces a gold and oil-linked currency settlement, or "petro-gold" is being introduced, it means that global buyers of oil from Russia can directly bypass the dollar and use gold or paper gold to settle with Russian oil companies instead.
Breaking! Xi Meets w Saudi King; BoA Says Sell off Stocks; Silver Demand Rises; Gold to $800,000?
Dr. Lia Pruitt: 12-11-2022
ESARA is in full affect! The Chinese President, Xi Jing Ping met with the Saudi King to discuss trade and other news.
Will China decide to use currencies other than the USD to trade for oil? We know that Ghana recently made a similar announcement
What is NESARA-GESARA? https://www.youtube.com/watch?v=Mvu-BJfnNuM&t=2243s
Iraqi Premier Says he will revalue the IQD against the USD . https://www.youtube.com/watch?v=G4HZpS8a77Q&t=1427s
Iraqi Premier to raise Dinar Value! IMPORTANT! https://www.youtube.com/watch?v=gDzRYT6lwJQ&t=904s
BRICS has increased in size, as other nations have joined the BRICS union: A Gold Wave is Coming: https://www.youtube.com/watch?v=OLUlXrgrsLk&t=0s
More News, Rumors and Opinions Saturday Night 12-10-2022
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
TNT:
Tishwash: The Finance Committee reveals a plan to approve the budget during the legislative recess
The Parliamentary Finance Committee considered, on Saturday, the delay in sending the budget from the government to Parliament as unjustified and has no reason, stressing that Parliament will interrupt its legislative recess in the event that the budget is sent.
Committee member Representative Jamal Cougar said in a press statement, "Not sending the draft budget law to the House of Representatives is surprising and has no justification."
He added, "The reasons for our surprise at the delay in sending the budget to parliament lie in three points: the first is that the government was given enough time to discuss the budget, and the second is that the draft budget was prepared by the previous government, and even if some amendments were made to it, it is minor, and the last reason is that the staff responsible for The preparation of the budget has not changed and it is still at the helm of the team.
Cougar explained, "If the draft law is sent to parliament during its legislative recess, it will cut off its legislative recess for the purpose of discussing it until it is approved by calling him to an extraordinary session, according to what is stated in the constitution link
Another version:
Today, Saturday, the head of the Legal Committee, Muhammad Anouz, clarified the possibility of cutting Parliament to its legislative recess in the event that the government completes the draft budget law and sends it to Parliament.
Anouz said in a statement to (Baghdad Today), that "according to the constitution, if the budget law arrives before the legislative recess, parliament can continue to work until the budget is completed."
He added, "At the present time, Parliament will not be able to interrupt its legislative recess in order to legislate the budget law in accordance with the constitution."
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Nader From The Mid East The CBI or the government... didn't make a decision yet to support [the dinar] with anything. It's detached from the dollars but not completely. It should be detached by the end of this week or next week the beginning...the government have to support it with whatever they have reserve, gold...put if back on petroleum dinars...they have to attached it to something else. It's going to take a couple of weeks. [Post 1 of 2]
Nader From The Mid East ...It has no support. That's why you see the dollar going up from 1460 to 1551 and it might get to 1552, 1553. You'll see in a couple of weeks it going back...things will get better. You will see...The dinar needs some support...attached to some assets...the dinar will go up up quick. It will be a dollar...I want to see 1160/1170 for now. If it goes in that range I'm sure it's gonna go quicker after that. Right now we're waiting for it to go in that range... [Post 2 of 2]
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KTFA:
Paulette: IMO.........Sudani's GOI continues working and I believe will pass the Budget in December.......It then goes to Parliament who will likely read it after reconvening approximately 1/07/23.......This will be the "1st Reading".......It will then go to Parliament's Finance Committee for "study and observations"......this often can take 30 days or more........
Parliament then does the "2nd Reading" noting the Parliament Finance Committee's observations.......If no objections, it can be passed at that time....If not, changes may have to be made which legally requires it go back to Sudani and his GOI to make changes if agreed by the GOI......
Upon return to Parliament, if all is agreed by Parliament, it can go for third reading and vote which is usually done "line item by line item"......Remember, against Sadr, Iraq's parliament voted to continue as a "consensus Government" as opposed to a "majority Government" by nominating and giving confidence to the Maliki puppet Sudani....
If we really look at possibilities, it is very possible that the CBI may "restructure" the currency before Parliament receives the budget for the "1st Reading". At least, that is what I am hopeful for which would not be adverse with the reports of WS as to all that is going on behind the scenes. The "additional features" of the ATM's can go live upon "restructuring".
I, personally, am glad that Parliament did not receive the budget prior to adjourning for their required 30 day break. IMSO, this bodes well for seeing the "restructure" occur before Parliament returns. This is the step I have waited for as it will determine much about the potential windfall of this "speculative investment"
IMSO, "restructuring" and "RI" are two separate events which could occur simultaneously or weeks apart. For many reasons, I believe it will be weeks apart. I have always believed that, ideally for the benefit of Iraq, "restructuring" will occur prior to Parliament passing the budget and the "RI" will occur after the Budget becomes law.
This is why I strongly believe that the move to 1460 was a necessity. This is where the "calculations and second set of books" as reported would have been so entailed and necessary.
For Iraq, realize that an RI of 0 IQD is of no benefit. For the most part, they only get IQD from the customs and border crossing revenues and conversions of USD to IQD as authorized from the budget. For example, if they pass the budget at a rate of 1.460 IQD to USD (drop of 3 zeros..... 68.5 cents USD to IQD) they have not gained any benefit.
However, after the budget is made law, if they then RI at a rate of .292 IQD to USD ($3 .425USD to IQD), they quintupled their purchasing power. In essence, using this scenario, if they pass their budget at 100 billion USD value (146 billion IQD if they just drop the 3 zeros upon "restructure") they would then have the equivalent of 500 billion USD to utilize after the RI.
Now do you see why getting the fraud abuse and corruption under control was so important. Look at the corruption around the funds supplied by a 100 billion USD valued budget. Think about the corruption if that were a 500 Billion USD valued budget.
Exciting times!!!!!!
As an aside, understand that Sudani does not control Parliament. Halbousi controls Parliament. I think that Parliament and the GOI are very often confused as is the role each performs in running the country in a parliamentarian system. This is their checks and balances.
All IMO of course!!!!!
IMO......One more thing to understand why I believe the above I posted is the realistic scenario:
If they pass the budget at 146 trillion (100 billion USD under current rate of 1460) and then RI even at a rate of 1IQD to 1 USD, they would have the purchasing power of 146 trillion USD. Now who does that make sense to????
If they RI prior to passing the budget, Iraq gets little to no gain. Who does that make sense to?????
That is why it seems to make more sense to "restructure" ----> budget to law---> RI
Silver #1 Valuable Asset To Pick As Stock Market Collapses!! - Gregory Mannarino | Silver Forecast
Smart Money: 12-9-2022
Xi Jinping calls for oil trade in yuan at Gulf summit
Reuters: 12-9—2022
President Xi Jinping told Gulf Arab leaders that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.
Lynette Zang and Bix Weir Saturday 12-10-2022
Lynette Zang: Head of Banking at Bank of International Settlements says, "Buy Gold Now" - Here's Why
As good as Gold Australia: 12-10-2022
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview the incomparable, Lynette Zang, Chief Marketing Analyst at ITM Trading, Phoenix AZ.
Last month, Peter Zollner, Head of the Banking Department at the Bank for International Settlements, spoke at the Global Precious Metals Conference of the London Bullion Market Association (LBMA), held in Lisbon, Portugal.
Peter did not leave a stone unturned, as he very articulately described the many benefits of holding gold.
Here are all the reasons that central banks own gold - we need to listen intently to learn from this and respond accordingly. The best information, from the highest authority - it's worth its weight in gold.
Russia, Turkey, India, Poland, China, Kazakhstan, Hungary, Thailand, Japan, Brazil, and the Czech Republic are all buying gold.
Lynette Zang: Head of Banking at Bank of International Settlements says, "Buy Gold Now" - Here's Why
As good as Gold Australia: 12-10-2022
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia interview the incomparable, Lynette Zang, Chief Marketing Analyst at ITM Trading, Phoenix AZ.
Last month, Peter Zollner, Head of the Banking Department at the Bank for International Settlements, spoke at the Global Precious Metals Conference of the London Bullion Market Association (LBMA), held in Lisbon, Portugal.
Peter did not leave a stone unturned, as he very articulately described the many benefits of holding gold.
Here are all the reasons that central banks own gold - we need to listen intently to learn from this and respond accordingly. The best information, from the highest authority - it's worth its weight in gold.
Russia, Turkey, India, Poland, China, Kazakhstan, Hungary, Thailand, Japan, Brazil, and the Czech Republic are all buying gold.
We have half of the world's central banks buying massive quantities of gold and taking delivery at a faster rate than at anytime in history - and nobody is talking about it.
Why are they doing this - I think Peter Zollner provided the answer. Lynette Zang provides her answer as well.
All indicators suggest that we are heading toward a new gold standard.
How close may we be and what price may gold be revalued at with unfunded liabilities in the US at $175 trillion. Now more than ever, it's imperative that one owns gold!
ALERT! Warehoused Silver Disappears as The Deep State Cabal Gets EXPOSED!!
Bix Weir: 12-10-2022
Wow! We have NEVER been so close to the end of silver price suppression than we are right NOW! Yes, Silver is still trading less than 50% of all time highs in 1980 & 2011 but that's just FUEL FOR THE FIRE!! Also, the Deep State is being exposed and there is no place to hide!!
News, Rumors and Opinions Saturday AM 12-10-2022
RV Excerpts and Rumors From the Restored Republic via a GCR: Update as of Sat. 10 Dec. 2022
Compiled Sat. 10 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
All 29 countries in the first basket have their new rates in position.
On Mon. 5 Dec. the Central Bank of Iraq said they began lowering the value of the Iraqi Dinar to the US Dollar. They were de-pegging – and preparing the Dinar to float.
On Wed. 7 Dec. the Iraqi banks said that the Iraqi Dinar was about to be activated for the public sector (us).
RV Excerpts and Rumors From the Restored Republic via a GCR: Update as of Sat. 10 Dec. 2022
Compiled Sat. 10 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
All 29 countries in the first basket have their new rates in position.
On Mon. 5 Dec. the Central Bank of Iraq said they began lowering the value of the Iraqi Dinar to the US Dollar. They were de-pegging – and preparing the Dinar to float.
On Wed. 7 Dec. the Iraqi banks said that the Iraqi Dinar was about to be activated for the public sector (us).
As of Thurs. 8 Dec. the Iraqi Dinar was said to be floating in value on the Forex as part of it’s revaluation. That float could only be seen on the back screens of banks. When it became public, it would be published here: 1,000,000 IQD to USD – Iraqi Dinars to US Dollars Exchange Rate (xe.com)
Also on Thurs. 8 Dec. monies of the Global Currency began flowing into accounts.
Anywhere from Sat. 10 Dec. to Tues. 13 Dec. Bond Holder, Sovereign Buyers, CMKX Adjudicated Settlements, Farm Claims, Tiers 3,4 and the General Public were expecting to have access to those funds.
On Tues. 13 Dec. funds of the Dubai 2 payout would begin flowing to Master Mega and VIP accounts.
Under specific guidelines, now large files of cut and uncut USD was being accepted worldwide. …A High Up Source
White Hat Intel 9 Dec. 2022:
The COLLAPSE of Banks through EU. MIDDLE EAST. SOUTH AMERICA. CANADA. UK AUSTRALIA UNITED STATES is going to happen, is happening and began last year.
The BANK COLLAPSE IS GOING TO EXPOSE THE CRYPTO WORLD MONEY LAUNDERING SYSTEM THROUGH ALL THE COUNTRIES .
The DEEP STATE is in PANIC AS [they] try to protect FTX [EXPOSURE] and the COMING COLLAPSE
The Federal Reserve WILL now go after FULL control over U.S. DIGITAL CURRENCY and Try to hide the EXPOSURE of the COLLAPSE AND MONEY LAUNDERING SYSTEMS.
Deep State in U.S. is going to create full AUTHORITARIAN money control by implanting CENTRAL BANKING DIGITAL CURRENCY CBDC, but this operation WILL COLLAPSE in the first run and EXPOSE FULL CORRUPTION OF THE DEEP STATE SHADOW GOVERNMENT.
Several congressman and senators …..Cruz , Cotton, Paul including the richest man in the U S are ALL going to EXPOSE the CBDC SYSTEM.
Read full post here: https://dinarchronicles.com/2022/12/10/restored-republic-via-a-gcr-update-as-of-december-10-2022/
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Many of the new features on the ATM machines that are still offline and been offline will soon be available...we can still use the ATMs now for regular use but the updated features will soon be available to all citizens. FRANK: 'Mechanisms'...the ATM machines are slowly being introduced to you so that it doesn't become a shock the moment they raise the value.
Sunkissed Article: "Al-Sudani meets Al-Sisi and affirms Iraq's keenness to maintain relations with its Arab and regional milieu:" How can a country be a pioneer when they’re dependent upon another country’s currency because their currency is worthless? We all know that would be ridiculous! ...Iraq is telling us exactly what they are doing here. Getting investment promises so that the moment they go article 8, these agreements go live so the international monetary process succeeds! This article should give everyone the assurance that Iraq is serious and on the threshold to ACTIVATE everything they have put in place and set in motion.
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KTFA:
Henig: An accused, who stole half a billion dinars in coordination with a foreign worker, arrested
Baghdad / NINA /- The Baghdad Al-Karkh Police Command announced today, Friday, the arrest of an accused who stole half a billion Iraqi dinars with a foreign worker.
The command said in a statement, "Based on accurate information available to the tactical regiment at the Baghdad Police Command, Karkh, about the presence of a wanted suspect in accordance with the provisions of Article 446, with a foreign worker who stole a sum of money of 500 million Iraqi dinars."
The statement added; The Karkh police commander, Brigadier General Muhammad Rashid Salih, directed to form a specialized work team headed by the director of the Karkh emergency regiments, and directed the need to check the information. then the work team was able to arrest the accused and hand him over to the requesting party to take the necessary legal measures against him in accordance with the law. LINK
New Inflation Data Suggests Peter Schiff Is Right...
George Gammon: the Rebel Capitalist: 12-10-2022
The price of angering Saudi Arabia! OPEC supports RMB to replace petrodollar agreement!
Deepin Moments: 12-10-2022
"If you control the oil, you control all the world economy; if you control the currency, you control the whole world."
Dr. Henry Kissinger, former U.S. Secretary of State, once broke the core logic of the U.S. using the petrodollar advantage to easily profit globally for more than half a century after the U.S. signed the petrodollar agreement with Saudi Arabia in 1974 and the U.S. dollar became the currency for global commodities trading, including oil.
Today, however, as the world's economic and trade landscape changes, the value of the petrodollar continues to erode and the logic of access to the U.S. economy is drifting away.
Where Does All The Money Go When The Stock Market Crashes?
.Where Does all the Money Go when the Stock Market Crashes?
Heresy Financial: 12-9-2022
Recently, one of you guys left a fantastic question in a comment on one of my recent videos, asking, “When the stock market crashes, where does all that money go? Does it just evaporate? Does it cease to exist?
Does it get transferred to somebody? Is money kind of like energy, where it's not created or destroyed?” It just gets transferred from one place to another.
We're going to do a deep dive into that because I love this topic. It also helps clear up a few misconceptions that a lot of people have about wealth.
Where Does all the Money Go when the Stock Market Crashes?
Heresy Financial: 12-9-2022
Recently, one of you guys left a fantastic question in a comment on one of my recent videos, asking, “When the stock market crashes, where does all that money go? Does it just evaporate? Does it cease to exist?
Does it get transferred to somebody? Is money kind of like energy, where it's not created or destroyed?” It just gets transferred from one place to another.
We're going to do a deep dive into that because I love this topic. It also helps clear up a few misconceptions that a lot of people have about wealth.
Lynette Zang Thoughts on the Reset, Zimbabwe, Turkey and more.....12-8-2022
The Hidden Lies of Inflation & the Stock Market
Lynette Zang: 12-8-2022
What will it take for everyone to realize that we are living through the greatest Ponzi scheme in the history of money?
From the moment the Fed was born. Inflation has been silently robbing you of your wealth. And especially once the backing of gold was gone. But it's not so silent anymore, is it?
Have you checked your food and living expenses lately? What most people don't realize is that historically, when a currency is about to completely collapse, it is matched with both record levels of inflation and the illusion of a stock market going up.
The Hidden Lies of Inflation & the Stock Market
Lynette Zang: 12-8-2022
What will it take for everyone to realize that we are living through the greatest Ponzi scheme in the history of money?
From the moment the Fed was born. Inflation has been silently robbing you of your wealth. And especially once the backing of gold was gone. But it's not so silent anymore, is it?
Have you checked your food and living expenses lately? What most people don't realize is that historically, when a currency is about to completely collapse, it is matched with both record levels of inflation and the illusion of a stock market going up.
This will be the next historic transfer of wealth, and those who hold gold will be the few who maintain privacy and control over their wealth.
Pay attention closely because this video will show you the clear process which is about to unfold. And exactly what you can do about it. While you still have time
Chapters:
0:00 Introduction
1:54 QE Colossal Mistake
3:55 Beware of a Rising Stock Market
5:02 An Overnight Reset
7:23 Purchasing Power
9:10 Zimbabwe
12:30 Turkey's Inflation
Economist Views on Saudi Arabia, China, BRICS and more Friday 12-9-2022
34 agreements 10 billion orders! Saudi Arabia proves to the world that it no longer needs the US!
Deepin Moments: 12-9-2022
With the victory of the meeting between China and Saudi Arabia, China and Saudi Arabia have once again joined hands and signed an agreement to establish a comprehensive strategic partnership, and reached a series of cooperative achievements.
Just before that, Saudi media took the lead in "officially announcing" 34 investment cooperation plans between China and Saudi Arabia, which correspond to the Saudi side's "Vision 2030" and cover different fields such as new energy and cloud technology, worth nearly $30 billion.
The Saudis highlighted this as a vision for the development of relations with China.
34 agreements 10 billion orders! Saudi Arabia proves to the world that it no longer needs the US!
Deepin Moments: 12-9-2022
With the victory of the meeting between China and Saudi Arabia, China and Saudi Arabia have once again joined hands and signed an agreement to establish a comprehensive strategic partnership, and reached a series of cooperative achievements.
Just before that, Saudi media took the lead in "officially announcing" 34 investment cooperation plans between China and Saudi Arabia, which correspond to the Saudi side's "Vision 2030" and cover different fields such as new energy and cloud technology, worth nearly $30 billion.
The Saudis highlighted this as a vision for the development of relations with China.
China's Xi Jinping Saudi visit a sign something 'very different' is happening
Fox Business: 12-8-2022
Former Secretary of State Pompeo senior advisor Mary Kissel reacts to Xi Jinping meeting with the Saudi crown prince, telling 'Mornings with Maria' this is a 'significant strategic move by China.'
American nightmare! BRICS countries expand to 17! Saudi Arabia leads 6 countries to apply!
Deepin Moments: 12-9-2022
Recently, Russian Foreign Minister Sergei Lavrov, speaking at the Primakov Reading International Forum, said that if all applications for membership are approved, BRICS could become a union of 15-17 countries.
This format became BRICS, and now its gaining huge attention, with a queue of countries asking to become full members," Lavrov said.
If all the countries' requests are met, then the five countries will become a 15-17 country alliance." The current membership of BRICS includes Brazil, Russia, India, China and South Africa, and is the basic structure of the BRICS countries.
With the globalization of the world economy, and the economic rise of two BRICS countries, China and India, have also made the world's medium-sized countries see the prospect of win-win cooperation with China and India.
In response, a number of countries wish to join this economic union, including Argentina, Algeria, Iran, and, according to the Chinese Foreign Ministry, Indonesia, Turkey, Saudi Arabia and Egypt.
Of course with the Russian foreign minister's revelation, it is clear that there will be more countries seeking to join BRICS.
News, Rumors and Opinions Friday AM 12-9-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Fri. 9 Dec. 2022
Compiled Fri. 9 Dec. 2022 12:01am EST by Judy Byington
Judy Note: Starlink is on the verge of making 90% of government financed rural internet initiatives (boondoggles) obsolete. Most people don’t understand how revolutionary Starlink internet service is. I predict it will double rural land values in the United States.
Global Currency Reset:
Thurs. 8 Dec. all monies of the Global Currency Reset began flowing into Bond Holders, Bond Sellers, Farm Accounts, CMKX, etc. …Bruce
On Thurs. 8 Dec. funds of the Dubi1 payout began flowing with a 1% payment to Administrative fees – to be accessed on Fri. 9 Dec, the balance of 99% to be positioned over the weekend and accessed on Mon. 12 Dec. …a High Up Source
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Fri. 9 Dec. 2022
Compiled Fri. 9 Dec. 2022 12:01am EST by Judy Byington
Judy Note: Starlink is on the verge of making 90% of government financed rural internet initiatives (boondoggles) obsolete. Most people don’t understand how revolutionary Starlink internet service is. I predict it will double rural land values in the United States.
Global Currency Reset:
Thurs. 8 Dec. all monies of the Global Currency Reset began flowing into Bond Holders, Bond Sellers, Farm Accounts, CMKX, etc. …Bruce
On Thurs. 8 Dec. funds of the Dubi1 payout began flowing with a 1% payment to Administrative fees – to be accessed on Fri. 9 Dec, the balance of 99% to be positioned over the weekend and accessed on Mon. 12 Dec. …a High Up Source
Bond Holders could have access to their funds by tomorrow Fri. 9 Dec. or Sat. 10 Dec. while CMKX Adjudicated Settlements, Farm Claims, Tier4B and others are supposed to be paid in that same time period. …Bruce
Also at that same time the General Public could exchange at a bank, although Tier 4B could get better rates by calling for an appointment at a Redemption Center. …Bruce
A major bank contact said that Tier4B could be contacted for appointments by Sat. 10 Dec. – called Reckoning Day. …Bruce
On Tues. 13 Dec. funds of the Dubai 2 payout would begin flowing to Master Mega Accounts and VIP accounts of the Admiral with a 1% payment to Administrative fees, the balance of 99% to be completely paid out by the end of the week. …A High Up Source
At the beginning of next week Sovereign Buyers will be given access codes for approved Assets Sellers such as those under an SKR and other VIP clients. …A High Up Source
Under specific guidelines, now large files of cut and uncut USD was being accepted worldwide. …A High Up Source
A Contact in Iraq stated that the Dinar was floating on the Forex.
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The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#, 667-770-1865
All 29 countries in the first basket have their new rates in position
Bond Holders could have access to their funds by tomorrow Fri. 9 Dec. or Sat. 10 Dec.
CMKX Adjudicated Settlements, Farm Claims, Tier4B and others are supposed to be paid in that same time period
Also at that same time the General Public could exchange at a bank, although Tier 4B could get better rates by calling for an appointment at a Redemption Center.
A major bank contact said that Tier4B could be contacted for appointments by Sat. 10 Dec. – called Reckoning Day.
Captain Kyle: The Iraqi Dinar has been re-evaluated at $11.00 https://rumble.com/v1zj8w2-captain-kyle-the-iraqi-dinar-has-been-re-evaluated-in-iraq-at-11-qfs-xrp-is.html
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Global Financial Crisis:
The Fed is insolvent: https://dinarchronicles.com/2022/12/06/rebel-capitalist-this-shocking-chart-just-revealed-the-fed-is-insolvent/
Another $18 Trillion in debt couldn’t be accounted for at the Cabal’s main Bank of International Settlements in Switzerland – (the same amount that went missing at the Pentagon just before 9/11). https://www.express.co.uk/finance/personalfinance/1706328/Financial-crisis-FX-swap-market-central-bankers-80-trillion-crash-meltdown-BIS
Read full post here: https://dinarchronicles.com/2022/12/09/restored-republic-via-a-gcr-update-as-of-december-9-2022/
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: All they talk about is approving the budget and talking about a law. This law they're saying is of integrity and is of our sovereignty...they're talking about how all calculations on the budget have been changed and is ready. FRANK: Your report...screams a rate change very loudly with a strong echo ...if the budget has been calculated and ready to go it is because they have used the new exchange rate...
Frank26 This is very important. The CBI said on Monday, 'We have started the process of lowing gradually the exchange rate of the Iraqi dinar against the American dollar.' You know what that is? Preparing to float. You know what that is also? ...it's a reinstatement process that allows them to reinstate their currency.
China Meets Saudi Arabia - The Asian Era Has Begun!
Sean Foo: 12-9-2022
China's Xi has touched down in Saudi Arabia and the world order is about to experience a big change.
An eastern alliance is forming between the Middle East and China, an economic cooperation that focuses on energy security and diversifying away from the Western Powers.
Saudi Arabia views Asia as the future and not the United States & G7.
The World Order is changing and here's what you must know!
How $65 Trillion in "Hidden" Dollar Debt Can Spark the Next Banking Crisis
Steven Van Metre: 12-7-2022