News, Rumors and Opinions Wednesday Morning 12-21-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 21 Dec. 2022
Compiled Wed. 21 Dec. 2022 12:01am EST by Judy Byington
Judy Note: As the completion of the Global Currency Reset appears very close, please be assured that I will send out a Special Report as soon as I can about notification of Tier 4B to receive their exchange/redemption appointments. Though, please note that I don’t have a magic wand and will be notified at the same time as everyone else.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 21 Dec. 2022
Compiled Wed. 21 Dec. 2022 12:01am EST by Judy Byington
Judy Note: As the completion of the Global Currency Reset appears very close, please be assured that I will send out a Special Report as soon as I can about notification of Tier 4B to receive their exchange/redemption appointments. Though, please note that I don’t have a magic wand and will be notified at the same time as everyone else.
Global Currency Reset The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
Bond Holders: Yellow, Gold and Red Dragon Bonds were released to Bond Seller accounts at noon EST Tues. 20 Dec. German Bonds were released at 7-8 pm EST Tues. 20 Dec. into accounts of German Bond Sellers.
Some Bond Holders had ability to spend up to $180,000 will have access to remaining when Tier4B goes.
Bond Holders received liquidity today Tues. 20 Dec. and will have access to their monies tomorrow Wed. 21 Dec.
Tier 4B could be notified Wed. 21 Dec. and get started tomorrow or Thurs. 22 Dec.
Redemption Center staff had meetings Mon. 19 Dec. until 7pm. They go in to work at 10:30 am tomorrow Wed. 21 Dec.
Bruce predicts that we get notified tomorrow morning Wed. 21 Dec. between 11 am and noon.
A very good Contract Rate is available for the Dinar, but only if you don’t have other currencies or Zim. The regular Dinar Rate is very good.
No contract rate on the Dong, but it has a very good rate – more than we expected.
If you have major health problems let the people know at your appointment and they will set you up for an appointment.
When we exchange the money goes into our Quantum Account (non interest bearing). The money is digital but backed by gold.
You transfer whatever money you want into your Primary Account. That Primary Account is monitored for the first 90 days to make sure it isn’t spent in the wrong way. You will be given a 55 page book of people you are not to give money to.
There are no structured payouts. Structured payouts for a year are only for Bond Sellers and Platform Trade participants.
The accounts are insured by the US Treasury. FDIC will not exist.
~~~~~~~~~~~
The Real News for Tues. 20 Dec. 2022:
Wells Fargo Ordered to pay 37 Billion over Widespread Illegal Activity.: https://www.zerohedge.com/personal-finance/wells-fargo-ordered-pay-37-billion-over-widespread-illegal-activity
NESARA Announcement Expected: http://alcuinbramerton.blogspot.com/2007/07/nesara-announcement-expected-in-run-up.html
NESARA Announcement: http://alcuinbramerton.blogspot.com/2007/07/nesara-announcement-expected-in-run-up.html
Read full post here: https://dinarchronicles.com/2022/12/21/restored-republic-via-a-gcr-update-as-of-december-21-2022/
************
Courtesy of Dinar Guru
Walkingstick [via Frank26] To see the CBI have constant daily meetings, more than one meeting per day is a very good thing. These meetings were not as common as they are now. They were not as acute as they are now. Yeah...to see the CBI have these constant meetings on a daily basis is very good...you have to wait for the articles to catch up with these CBI meetings...these meetings will lead to the 2023 budget and to the new exchange rate of the Iraqi dinar...
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Erbil is back. They're talking to Baghdad. It's all about the HCL. They want their money...we await a final agreement on the HCL law. FRANK: The article 140 was signed/accepted. Article 140 is separate from the HCL but they work together...the HCL is already agreed upon and it was activated because of article 140. It will be in the budget... FIREFLY: There is still a sticking point on the HCL but it's a positive direction... FRANK: It's a very positive direction because the HCL is what's going to allow you guys to go international.
Could China’s Yuan replace the US dollar as the world’s dominant currency?
Next: 12-20-2022
The hegemony of the US dollar currency shows the imbalance in the use of the dollar currency compared to other currencies in the global economic market, which is undoubtedly supported by the International Monetary Fund (IMF) and the World Bank (World Bank) for a long time.
Green US Dollar banknotes were first printed to finance the Civil War in 1861 and became the main global currency after the Bretton Woods Agreement of 1944.
Today, the US Dollar is used in all corners of the world including for oil trade i.e., the 'petrodollar’ which is accepted for most international transactions and dominates up to 90% in the foreign exchange market (FOREX).
Not to forget, 40% of the world's debt is also issued in Dollar currency. With world financial policies supporting the power of the US, the value of the Dollar is expected to continue to strengthen.
In addition to the dollar, the Japanese Yen and Euro are the most used currencies. Although neither of them competes with the Dollar, the Chinese Yuan or Renminbi, is often cited as the main competition for the US Dollar.
China and Russia are seeking to stop using the Dollar with various cooperation with countries in the Asian region and the Middle East.
In this video, we will see how the US Dollar is starting to be replaced by the Chinese Yuan currency.
U.S Should Fear Now! BRICS Becoming 17 Country Alliance | FTX | HINKLEY POINT C. | stocks
Innovation Diary: 12-20-2022
How a Multi-Currency Bank Account Can Help You Diversify Out of the Dollar
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
How a Multi-Currency Bank Account Can Help You Diversify Out of the Dollar?
Q Wealth Report
Anyone looking for currency diversification strategies should consider a multi-currency bank account. Unfortunately this banking product is virtually unknown in North America and the UK, although it is commonplace in some European countries.
I say ‘unfortunately’, because this is one of the most simple and convenient tools for anybody looking to diversify out of the dollar. In this article, I’ll explain more about multi-currency accounts and how you can open one.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
How a Multi-Currency Bank Account Can Help You Diversify Out of the Dollar?
Q Wealth Report
Anyone looking for currency diversification strategies should consider a multi-currency bank account. Unfortunately this banking product is virtually unknown in North America and the UK, although it is commonplace in some European countries.
I say ‘unfortunately’, because this is one of the most simple and convenient tools for anybody looking to diversify out of the dollar. In this article, I’ll explain more about multi-currency accounts and how you can open one.
A multi-currency account is simply a bank account, with a single account number, in which you can hold balances in various different currencies. For example, you log in through internet banking and immediately you see a summary screen showing you have so many US dollars, so many Euros, so many Canadian dollars, so many British pounds etc.
Many banks allow you to hold a wide range of currencies, including more exotic currencies. Some European banks now even allow you to hold ounces or grams of gold in your account alongside national currencies.
Advantages to this are numerous:
For a start, it is clearly a very convenient tool for anyone who is serious about diversifying currency risk. Instead of having lots of different account numbers and logins, you keep everything on one convenient screen. At any time you can easily exchange your balance in one currency (or part of it) for another currency.
You can wire money in and out in different currencies, to and from anywhere in the world, without the need for currency conversions. This type of account is therefore ideal if you frequently send and receive money internationally, perhaps dividend payments, or transfers related to an overseas property or family living abroad.
Banks normally permit you to go overdrawn in one particular currency, provided your overall ‘global’ balance is in the black.
You can have credit cards and checks linked to your main multi-currency account. Checks can be drawn in any currency. For credit cards, you normally have to choose one particular currency balance that will be debited
Multi-currency accounts are a good, conservative way to hedge against currency risks or make profits with fluctuations. Unlike ‘forex trading’ your account is not leveraged, so there is not so much potential profit but there is also less potential for loss.
This is an easy version of forex trading – for people who don’t want to have their eye on currency rates every minute or even every day.
A multi-currency bank account also beats currency ETFs hands down. With currency ETFs you buy and sell back to your base currency, paying a brokerage fee each time. With multi-currency accounts you hold the actual currency on bank deposit, rather than stock in an ETF.
Anyone who is serious about diversifying outside the dollar needs a foreign bank account –and for many people a multi-currency bank account is the logical choice.
But what about the IRS’ Foreign Bank Account Reporting requirements?
Simply by opening a personal account like this, you will not affect your tax situation in any way, neither positive nor negative. US persons will be liable to declare foreign bank accounts to the IRS.
However, as outlined above, there are many extra benefits besides tax benefits. One of the greatest advantages, besides the currency diversification out of the dollar, is privacy. Privacy is a basic human right, which is unfortunately disappearing fast when it comes to financial services, where domestic investments are basically an open book these days.
Although you might be obliged to report your offshore multi-currency account to the IRS, private parties like credit rating agencies or lawyers who might want to sue you certainly won’t know anything about a private foreign bank account of this nature.
The multi-currency account was not designed as a sophisticated financial instrument. Rather it’s an accident of history, something that developed in smaller European countries like Switzerland, Luxembourg and Andorra where individuals commonly needed bank checking accounts in various currencies.
This was especially true in the old days before the euro when Europeans did business in many different national currencies. Not coincidentally, these countries now offer the best international financial services as well as good banking privacy.
However, in modern private banking terms, such an account can provide a basic transactional banking relationship with a foreign bank, onto which you can tag many much more sophisticated wealth management services: for example, foreign currency loans for investing in bond holdings or stock portfolios. Most banks offer such services.
Needless to say, corporations, trusts, foundations and the like can also open multi-currency accounts and in such cases there is an even greater privacy benefit, and in some cases, depending on individual circumstances, tax reporting requirements may also be legally sidestepped.
How, then, can you open a multi-currency account?
Quite a number of banks in some European countries offer multi-currency services by default, as soon as you open account. Unfortunately, especially for US citizens, it has become very difficult to find a foreign bank that will open an account.
It is undoubtedly best if you can travel to meet the bank and open the account.
Personal meetings and referrals from known and trusted parties still open a lot of doors that initial research might suggest are closed!
It is, however, possible even today to open a multi-currency bank account through the mail.
Economists Thoughts on The Fed, Japan, Yeild Curves, Global Bond Markets and more 12-20-2022
Two great economists debate inflation’s true causes, forecast 2023’s inflation - Hanke & Cochrane
Kitco News: 12-20-2022
Steve Hanke, Professor of Applied Economics at Johns Hopkins University joins John Cochrane, Senior Fellow at the Hoover Institution of Stanford University, in discussing the root causes of inflation, and how high inflation will likely be in 2023.
0:00 - Recession in 2023?
10:00 - Monetary vs fiscal theories of inflation
13:15 - Definition of inflation
Two great economists debate inflation’s true causes, forecast 2023’s inflation - Hanke & Cochrane
Kitco News: 12-20-2022
Steve Hanke, Professor of Applied Economics at Johns Hopkins University joins John Cochrane, Senior Fellow at the Hoover Institution of Stanford University, in discussing the root causes of inflation, and how high inflation will likely be in 2023.
0:00 - Recession in 2023?
10:00 - Monetary vs fiscal theories of inflation
13:15 - Definition of inflation
18:51 - Liquidity trap
30:00 - Deficit and inflation
35:00 - Money supply and inflation
43:00 - Did the Fed act too slowly?
49:00 - Did lockdowns cause inflation?
52:00 - Putin Price Hike
53:42 - Outlook on inflation
1:04:00 - How to prevent inflation?
1:06:00 - Why does the Fed have 2% inflation target?
1:08:00 – NAIRU
BANK OF JAPAN RATTLES THE GLOBAL BOND MARKET. Congress Pushes MASSIVE Spending Bill.
Greg Mannarino:
Japan Makes Shocking Change To Yield Curve Control
George Gammon: 12-20-2022
More News, Rumors and Opinions Tuesday Afternoon 12-20-2022
KTFA:
Clare: The Central Bank of Iraq launches a package of measures to improve the performance of transactions related to the dollar
December 20, 2022
Today, Monday, the Central Bank of Iraq announced a package of decisions that would return the foreign currency market to its normal position, as follows:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.
KTFA:
Clare: The Central Bank of Iraq launches a package of measures to improve the performance of transactions related to the dollar
December 20, 2022
Today, Monday, the Central Bank of Iraq announced a package of decisions that would return the foreign currency market to its normal position, as follows:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and to pay interest / returns on those balances according to what this bank decides.
2- Facilitating the financing of private sector trade through Iraqi banks and meeting the request for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar ( Chinese yuan , the euro , the Emirati dirham , the Jordanian dinar, and others ).
3- Opening outlets for selling foreign currency in government banks to the public for travel purposes ( treatment , Hajj Umrah , study, etc. )
4- Reducing the selling price of the dollar to the beneficiary ( the card holder ) that he uses while traveling or paying his purchases via the Internet, to be at a price of ( 1465 ) dinars to the dollar instead of ( 1470 ) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of ( 1455 ) dinars to the dollar instead of ( 1460 ) dinars to the dollar.
Central Bank of Iraq
Media Office
19 - December - 2022
************
Clare: Sisi: Iraq's success is a success for all of us
2022-12-20
Egyptian President Abdel Fattah Al-Sisi stressed, on Tuesday, that the success and stability of Iraq is a success for all countries in the region, stressing his belief in the ability of Iraqis to advance their country.
Al-Sisi said in a speech during the second Baghdad Conference for Cooperation and Partnership held in Jordan, "Our meeting comes today while we are witnessing remarkable improvement and progress achieved by Iraq and the Iraqis, and I congratulate Prime Minister Muhammad Shia'a Al-Sudani on forming his government, and I congratulate the Iraqis on what has been achieved."
He added, "The convening of our summit today bears an important political significance and indicates a sincere desire to move to a new stage of partnership by strengthening work between Iraq, Egypt, Jordan, or others."
Al-Sisi considered that holding the summit "represents an opportunity to discover new horizons in support of stability, face challenges related to international events, and secure food, health and energy security."
The Egyptian President added, "Iraq has faced, over many years, many terrorist organizations and foreign interference, which has burdened the Iraqis, and its impact has extended to the countries of the region."
And Al-Sisi added, "Egypt highly values the valiant sacrifices made by the Iraqis against terrorism and the elimination of its dark projects."
He said, "I do not fail to stress the assistance of the Iraqi state in the field of reconstruction and urban renaissance, and I reaffirm Egypt's full support for these international efforts that contribute to consolidating the concept of a safe and stable homeland. The success of Iraq is a success for all of us."
He added, "Within a framework of frankness, these goals will not be achieved unless sectarianism and reactionary ideas are overcome, and openness is made to everyone of different religions and sects."
"We renew our commitment to international conventions, foremost of which are good neighbourliness, non-interference in internal affairs, non-aggression, and the cessation of imposing a fait accompli policy," Sisi said.
He stressed that "Egypt rejects any foreign interference in Iraq's affairs and supports Iraq's progress and protection of its institutions, and this will reflect on the security of other countries, and out of faith from Egypt, we have participated with Jordan to establish the tripartite alliance between Iraq, Egypt and Jordan to achieve what secures a stable life for the people."
Al-Sisi concluded by saying, "I turn to the people of Iraq by saying: O great people of Mesopotamia, I believe that you are capable of advancing your country, with full certainty that your pluralism and potential will allow you to overcome obstacles, whatever they may be. ". LINK
************
Courtesy of Dinar Guru
Frank26 Article: "New App allows Iraqis to trade US-Listed Stocks" INTERNATIONAL PLATFORM FROM THE CBI TO REMOVE THE BLUES OF THE CITIZENS...behold...an app for the Iraqi citizens...so they can move currency in and out of their country and so they can buy stocks listed outside of their country. If you don't understand this you don't belong in this investment...How come they haven't been able to do that for the last 20 years? Because they've been on a program rate...I'm sorry anybody that tells you the Iraqi dinars are not going up in value is simply ignorant...this is not for a program rate. This is for a powerful currency.
CharlieOK The [Vietnam] dong traded at over 2 bucks in the '50s. If there is any country that should try to force an RV before another, it should be VN. Stable country with a manufacturing base and lots of natural resources... The country of VN was involved in warfare from the latter '50s through the early '70s. Since then, VN has rebuilt the country with a diversified economy. It has natural resources and has a manufacturing base. Actually, VN shows what a fiasco Iraq now is. Even so, it appears that what we hope for might just be upon us...
************
TNT:
Carlosisan: GM TNT Fam. Well, it's 5 days till Christmas. I wonder if Santa will bring the RV like they promise or will I get another bag of coal this year?
MuddyRiver: 1460.24 on forex. No change as of yet.
GPCobb: muddyrivers, what they let us see on FX may or may not be real,,,,,,,,,
Yada: GP Cobb.Agreed
GPCobb: 19 December 20, 2022 TNT Call Notes per Tony: ‘They have a rate that is NOT released to Forex; We can’t see it -- it is NOT released. If it’s an RV rate it has to be exposed -- if it is an open rate -- -- Forex does NOT have to share that with any banks”, TNT call notes Monday 19th
Bushog: Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on loans and mortgages and incorrectly applying overdraft fees.
(Alert) Banks Are In Trouble, The Expanding Money Supply, Much Higher Inflation, Economic FREEFALL.
Greg Mannarino: 12-19-2022
SILVER ALERT! Clif High's Silver "Dollar Days" are HERE!!
(Bix Weir) 12-20-2022
Silver was up a whole dollar at the time I recorded this video...I wonder if we are now coming into Clif High's "Dollar Days" where silver jumps in dollars rather than pennies! Can't wait for the $5/day moves that are NOT FAR OFF!!
" In the End the Dollar Goes to Zero and Defaults" Egon Von Greyerz
This article was mention on the MarkZ Stream Monday 12-19-2022
Von Greyerz: In The End The Dollar Goes To Zero & The US Defaults
by Tyler Durden Saturday, Dec 03, 2022 - 12:30 PM
Authored by Egon von Greyerz via GoldSwitzerland.com,
With US and Global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world.
Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about 3rd century Rome, 18th century France or 20th century Weimar Republic and many many more.
So here we are again, another monetary era and another guaranteed collapse as von Mises said:
“There is no means of avoiding the final collapse of a boom brought about by credit expansion”
This article was mention on the MarkZ Stream Monday 12-19-2022
Von Greyerz: In The End The Dollar Goes To Zero & The US Defaults
by Tyler Durden Saturday, Dec 03, 2022 - 12:30 PM
Authored by Egon von Greyerz via GoldSwitzerland.com,
With US and Global debt exploding prior to both assets and debt imploding, let us look at the disastrous consequences for the US and the world.
Debt explosion leading to the currency becoming worthless has happened in history for as long as there has been some form of money whether we talk about 3rd century Rome, 18th century France or 20th century Weimar Republic and many many more.
So here we are again, another monetary era and another guaranteed collapse as von Mises said:
“There is no means of avoiding the final collapse of a boom brought about by credit expansion”
This disastrous borrowed prosperity, with ZERO ability to repay the surging debt, will lead to one of the three consequences below:
1. THE US$ GOES TO ZERO
2. A US DEFAULT
3. BOTH OF THE ABOVE
The most likely outcome is number 3 in my view. The dollar will go to ZERO and the US will default. The same will happen to most countries.
I outline the consequences for the world at the end of his article.
Many people say that the US can never default. That is of course absolute nonsense.
If a country prints worthless debt that nobody will buy in a currency that no one wants to hold, the country has definitely defaulted whatever spin they put on it.
In the next few years, not just US but all sovereign debt will only have one buyer which is the country that issues the debt. And every time a sovereign state buys its own debt, it has to issue more worthless debt that nobody will touch with a barge pole.
Printing more money to pay for previous sins has never worked and never will.
And this is how money dies, just like it has throughout history.
The current monetary era started with the foundation of the Fed in 1913 and the acceleration of debt and currency debasement since 1971 when Nixon closed the gold window. With just over 100 years into this era, it is now approaching the end, like they all do.
Global currencies are already down 97-99% since 1971 and we can now expect the final 1-3% decline for all money to become virtually worthless. This is of course nothing new in history since every single currency has always gone to ZERO. We must of course remember that the final 1-3% move means a 100% fall from today. The final collapse is always the quickest.
Read full post here: https://www.zerohedge.com/markets/von-greyerz-end-dollar-goes-zero-us-defaults
News, Rumors and Opinions Tuesday AM 12-20-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 20 Dec. 2022
Compiled Tues. 20 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
On Tues. 13 Dec. the Golden Dragon Bonds Trust deposited monies in a Quantum Financial System Account and some Bond Holders received emails with access codes for full access to their funds.
Thurs. 15 Dec. “The RV has silently started here in Australia.” …Capt. Kyle Patriots
Thurs. 15 Dec. Bruce: “Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated very soon and assured us that we would have our appointments and exchanges not only set, but completed before Christmas.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Tues. 20 Dec. 2022
Compiled Tues. 20 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
On Tues. 13 Dec. the Golden Dragon Bonds Trust deposited monies in a Quantum Financial System Account and some Bond Holders received emails with access codes for full access to their funds.
Thurs. 15 Dec. “The RV has silently started here in Australia.” …Capt. Kyle Patriots
Thurs. 15 Dec. Bruce: “Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated very soon and assured us that we would have our appointments and exchanges not only set, but completed before Christmas.”
Fri. evening 16 Dec. MarkZ: “I had a DHS contact tell me they are very upbeat about fines and penalties (from settlements, CMKX, PP’s) start next week. Settlements means we are about to be paid….Some of the Bond values are considerably high.”
Sat. 17 Dec. 2022 6:52 am) – Simon Parkes to Charlie Ward: “All currency test runs completed, led by HSBC (the Hong Kong and Shanghai Banking Corporation). US on full alert for redemption process. Temple Texas (not Reno) to start it.”
Sun. 18 Dec. 2022 Shiela: “In the Middle East they are having Cross Border payment transfers and the exchange rates pretty much around the globe now. It’s starting to unwind…There was a meeting on Thanksgiving Day that was a big change.Things are moving. https://dinaresgurus.blogspot.com/2022/12/dinarland-highlights-18-dec.html
Mon. 19 Dec. MarkZ: “Over the weekend they started Historic Bond processing in Europe.”
All US fiat currency has to be turned in to exchange for the new US gold-backed notes by 31 Jan. 2023. …Simon Parkes
Read full post here: https://dinarchronicles.com/2022/12/20/restored-republic-via-a-gcr-update-as-of-december-20-2022/
************
Courtesy of Dinar Guru
Walkingstick [via Frank26] China is going to accept the IQD as a form of payment in the very near future...this is going to be great for the float...
Militia Man Article: "Parliamentary Integrity: The amount looted in the theft of the century amounts to 8 trillion dinars" This crime is of epic proportions. The amount of theft is staggering and underway to be prosecuted at apparently the highest levels in previous government...It will have an affect in supporting the value of the Iraqi Dinar..ioo
************
Jared Rand Conference Call 9/14/2022 Excerpts:
-) Jared stated that NEARA/GESARA is supposed to be “Announced” this month, which the statement publicly will turn it into the law of the land.
-) It will not be too long after that the “Gold Standard” will be announced!!
-) Then the private “R/V GCR” to fund the humanitarians & create balance throughout the world with re-evaluations of currencies.
Source: Operation Disclosure Official
AGAINST THE US! BRICS calls on other countries to stop using the dollar!
Deepin Moments: 12-20-2022
The BRICS countries currently include Brazil, Russia, India, China and South Africa, which is also the basic structure of BRICS countries.
With the globalization of the world economy, and the economic rise of the two BRICS countries, China and India, also let the world's medium-sized countries have seen the win-win prospects of 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 Russian 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.
CRACKS IN THE DEBT-HYPERBUBBLE ARE GETTING LARGER... Important Updates.
Greg Mannarino: 12-19-2022
Why Housing is More Important Than the Stock Market
Why Housing is More Important Than the Stock Market
Posted May 27, 2022 by Ben Carlson
I know a lot of finance people want to blame the Fed for everything these days but central banks aren’t the sole culprit of the inflationary environment we find ourselves in.
The pandemic seriously screwed up global supply chains and the labor market. Governments around the world spent trillions of dollars to keep the global economy afloat while we put things on ice for a while. Consumers began spending money en masse on goods because they stopped spending on experiences and had nothing else to do.
Why Housing is More Important Than the Stock Market
Posted May 27, 2022 by Ben Carlson
I know a lot of finance people want to blame the Fed for everything these days but central banks aren’t the sole culprit of the inflationary environment we find ourselves in.
The pandemic seriously screwed up global supply chains and the labor market. Governments around the world spent trillions of dollars to keep the global economy afloat while we put things on ice for a while. Consumers began spending money en masse on goods because they stopped spending on experiences and had nothing else to do.
And yes, the Federal Reserve was extremely loose with monetary policy to keep the credit markets functioning and bring the unemployment rate down.
Even though it wasn’t completely their fault, it seems like the Fed is now the only one trying to clean up the inflationary mess by tightening monetary policy.
They’re doing this in two ways:
(1) By raising interest rates and unwinding quantitative easing (bond purchases).
(2) Signalling to the financial markets they may have to throw the economy into a recession to slow inflation.
The Fed cannot fix supply chains but they can raise rates high enough that it cools demand.
Former New York Fed chair Bill Dudley says one way to do this is through the wealth effect:
In contrast to many other countries, the U.S. economy doesn’t respond directly to the level of short-term interest rates. Most home borrowers aren’t affected, because they have long-term, fixed-rate mortgages. And, again in contrast to many other countries, many U.S. households do hold a significant amount of their wealth in equities. As a result, they’re sensitive to financial conditions: Equity prices influence how wealthy they feel, and how willing they are to spend rather than save.
Effectively, Dudley is saying the Fed needs to raise interest rates high enough that stock market investors don’t feel as wealthy, and thus, stop spending as much money.
I get what he’s saying.
They don’t tell you this in the textbooks, but so much of what goes on in the economy and markets is based more on faith, trust and psychology rather than data, fundamentals and statistics.
It would make sense that households who see their net worth plummeting would start to reconsider their financial standing and spending habits.
But I think Dudley overestimates the importance of stock market wealth on American households.
For years we’ve been hearing about wealth inequality and for good reason. The top 10% of households own the majority of financial assets:
The top 10% holds 70% of the net worth in this country while the bottom 90% accounts for 75% of the debt.
There is a reason for this disparity. The top 10% owns most of the financial assets while the bottom 90% has more of their net worth tied up in real estate.
To continue reading, please go to the original article here:
https://awealthofcommonsense.com/2022/05/why-housing-is-more-important-than-the-stock-market/
More News, Rumors and Opinions Monday Evening 12-19-2022
KTFA:
Henig: Vietnamese News
Việt Nam - ROK relations to blossom in the next century
December, 18/2022
As the US opened the golden age of Pax Americana in the previous century, the next era would come a period of Pax Asiana, of which Việt Nam and ROK would take the centre stage.
HÀ NỘI — Việt Nam and the Republic of Korea (RoK) have made remarkable progress in cooperation in various fields over the past 30 years, according to Nguyễn Đức Hải, vice chairman of the National Assembly.
Hải was speaking at the 'Korea - Vietnam Economic Cooperation Forum 2022' on Friday.
He said RoK remained Việt Nam's largest partner in foreign direct investment (FDI), the second in official development assistance, and the third in trade. Meanwhile, Việt Nam has positioned itself as the largest economic partner of RoK among ASEAN countries.
KTFA:
Henig: Vietnamese News
Việt Nam - ROK relations to blossom in the next century
December, 18/2022
As the US opened the golden age of Pax Americana in the previous century, the next era would come a period of Pax Asiana, of which Việt Nam and ROK would take the centre stage.
HÀ NỘI — Việt Nam and the Republic of Korea (RoK) have made remarkable progress in cooperation in various fields over the past 30 years, according to Nguyễn Đức Hải, vice chairman of the National Assembly.
Hải was speaking at the 'Korea - Vietnam Economic Cooperation Forum 2022' on Friday.
He said RoK remained Việt Nam's largest partner in foreign direct investment (FDI), the second in official development assistance, and the third in trade. Meanwhile, Việt Nam has positioned itself as the largest economic partner of RoK among ASEAN countries.
By late October, RoK has initiated over 9,400 projects in the country, equivalent to more than US$81 billion of registered capital.
"Việt Nam will create a more favorable investment climate to draw in more foreign investors, especially RoK investors," said Hải.
Trần Duy Đông, Deputy Minister of Industry and Trade, underlined RoK investment as a driving force behind economic restructuring in Việt Nam. Over the past three decades, the destination of investment has shifted from labour-intensive industries to high-tech and high-value-added industries.
"Accumulated RoK investment in Việt Nam and bilateral trade are aimed to reach $100 billion each by 2025," said Đông.
The deputy minister called on RoK enterprises to give investment priority to certain fields, including digital transformation, biology technology, and clean energy, to help Việt Nam move one step closer to its development goals in the short term.
Vũ Tiến Lộc, chairman of the Vietnam - Korea Friendship Association (VIKOFA), said RoK enterprises have made a great contribution to Việt Nam's economic growth by creating jobs and promoting 'made in Vietnam' products globally.
However, more effort is still needed to upgrade RoK investment in the country, laying the groundwork for the deep involvement of Vietnamese small- and medium-sized enterprises in RoK's global supply chains.
"The miracle on the Han River in RoK is an inspiration for the miracle on the Hồng River in Việt Nam in the years to come," said Lộc.
He also said that the next wave of RoK investment in the country should be based on three pillars - innovation, environmental friendliness, and close ties with local enterprises. Without the pillars, ROK enterprises would not be able to take root locally.
Jeong Man-ki, vice chairman of the Korea International Trade Association, revealed that the minimum wage in Việt Nam is ranked 5th in the ASEAN region and is rising rapidly.
He anticipated that in the future, Việt Nam would face stiffer competition from other countries in this regard. One of the major competitors is Indonesia, which saw its FDI in 2022 grow by 40 per cent year-on-year.
"Minimum wage in RoK was 72 times higher than that in Việt Nam in 2009. Now the proportion is seven to one," said Man-ki.
The vice chairman urged Việt Nam to improve its investment environment by introducing favourable policies for companies willing to relocate their factories to the country and by avoiding double taxation.
Bùi Quang Tuấn, director of the Vietnam Economic Institute, remarked that bilateral trade is growing steadily, yet skewed in favour of the RoK. Remarkably, Việt Nam was facing an accumulated trade deficit of $32.8 billion with RoK in 2021.
"RoK should import more Vietnamese goods to improve Việt Nam's balance of trade," said Tuấn.
The director underlined low competitiveness, low productivity, and low level of involvement in global supply chains as the disadvantages that Việt Nam needs to overcome to gain ground internationally.
Member of the National Assembly of South Korea Hong Sung Kook was concerned that in Việt Nam the proportion of the digital sector to the economy is outweighed by that of the realty sector.
"It is not easy for foreign investors to engage in the realty sector," said Kook.
He urged Vietnamese enterprises to embrace green growth to be able to improve their involvement in global supply chains, which have been moving toward sustainable development.
Choi Joo Ho, CEO of Samsung Vietnam, revealed that Samsung Vietnam had drawn up a plan to support local component suppliers in the medium- and long-term.
From 2015 to 2021, the corporation dispatched specialists to 400 suppliers to help them improve their competitive advantages and output capacity. Between 2018 and 2021, the corporation proceeded to help them enhance their human resources.
"Thanks to the support, the suppliers saw its output rise by 40 per cent, its errors fall by 50 per cent, and its unsold inventory drop by 36.4 per cent," said Ho.
From 2022 onwards, the corporation will support them in building smart factories and improving their positions in Samsung's supply chains.
Ko Sang Goo, deputy chairman of VIKOFA, asserted that the influence of the two countries will go beyond Asian borders to become global in the next 30 years.
He said the Roman Empire opened a golden age of Pax Romana in ancient times; the US Pax Americana in the previous century. He believed that the next era would come a period of Pax Asiana, of which Việt Nam and RoK would take the centre stage.
"The two countries will make history in the next 100 years," said Goo. — VNS LINK
************
Henig: Việt Nam faces both opportunities and challenges amid changes in global FDI flow
December, 19/2022
Deputy Director of the Việt Nam Institute of Economics Lê Xuân Sang spoke to Vietnam News Agency about the opportunities and challenges facing Việt Nam in attracting foreign direct investment (FDI).
For the first time, Việt Nam is among the top 20 countries attracting the most foreign direct investment (FDI) capital in the world, according to World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD).
Deputy Director of the Việt Nam Institute of Economics Lê Xuân Sang spoke to Vietnam News Agency about the opportunities and challenges facing Việt Nam in attracting foreign direct investment (FDI).
Seeing the country’s advantages, investors are placing trust in Việt Nam as part of the global supply chain. In the context of the COVID-19 pandemic and the shift of global supply chains, is there a trend of shifting the flow of foreign investment?
In recent years, the trend of FDI capital flow has changed significantly. Under the influence of important global factors, the US-China trade war, the COVID-19 pandemic, and the energy crisis, especially the conflict between Russia and Ukraine, global FDI flow has been changing a lot.
First of all, FDI has also changed slightly in quantity, FDI mainly inflows into sustainable development areas like renewable energy and green growth FDI projects.
The second group that is also quite important and has taken over recently is the digital economy.
It can be seen that the trend of FDI towards sustainable development has been formed before.
However, under the impact of climate change as well as the conflict between Russia and Ukraine, this trend may face difficulties and become increasingly impacted from 2022.
In addition, FDI in the field of sustainable development also has unfavourable trends. For example, with FDI projects on wind power, when finished, the electricity is too weak. Other projects such as solar power are affected by insufficient sunlight.
The conflict between Russia and Ukraine has made this worse and many countries have had to switch from renewable energy to coal, which is harmful to the environment.
Regarding the digital economy group, the COVID-19 pandemic has had a far-reaching impact on this sector.
The US-China trade dispute as well as the impacts of the recent COVID pandemic also caused supply chain disruptions, especially related to the semiconductor chip sector.
Businesses move from global trends to repositioning investment positions, moving to the consuming markets, the electronics sector to the US and Europe (EU).
In terms of territories, Asia-Pacific remains the largest FDI recipient region and India has surpassed China to become the largest FDI recipient for the first time. Because China has suffered a negative impact from the COVID-19 pandemic and maintains a zero COVID strategy, the disruption of the global supply chain has aggravated the problem, causing low FDI attraction.
What do you think about the opportunities and challenges of Việt Nam in attracting investment flow?
Before looking at the opportunities and challenges, we must know that there are main driving forces that make FDI flow into a country. The first driving force is FDI capital goes to improve investment efficiency as domestic conditions are no longer effective. The second driving force is to exploit the existing market. The third is to exploit resources or get strategic assets. FDI in Việt Nam belongs to the first two types.
Việt Nam with a population of more than 92 million has a relatively young population. It is the only country with a large population participating in 16 Free Trade Agreements (FTAs). This helps to attract FDI into the country, and at the same time, investors can dominate the global market, especially under the positive impact of the new generation FTAs.
Việt Nam mainly has relatively cheap labour and real estate, which create many favourable conditions for foreign investment. Besides, Việt Nam's political and economic environment and geo-economic position are quite favourable.
Việt Nam is located in the dynamic Asia-Pacific region, close to the large Chinese market and especially the logistics transport is not interrupted.
In the short term, the advantages for Việt Nam to attract FDI are still cheap labour and land rent. But in the long term, it has disadvantages including insufficient infrastructure compared with other countries in the region, and the quality of human resources remains low, especially for domestic enterprises. Additionally, its supporting industry is not developed enough for FDI enterprises to improve efficiency as well as increase initiative when economic shocks or regional/global geopolitical conflicts happen.
Many experts believe that the connection between domestic and foreign enterprises in Việt Nam is still limited. Currently, few Vietnamese enterprises can participate in the global value chain. In your opinion, what is the solution?
A shortcoming is that domestic enterprises are still weak in meeting the needs of FDI enterprises. The first weakness is uncompetitive price, the second weakness is that quality is not high and the third is the ability to deliver on time. In addition, Việt Nam's supporting industry is still weak.
Finally, Việt Nam has not yet designed groups of policies and mechanisms to promote linkages between domestic enterprises and FDI enterprises.
How do we adjust policies to attract foreign investment?
The fundamental adjustment is what Việt Nam has done but it has not worked effectively. We need policies to improve the quality of human resources. Many localities with good-quality human resources will help attract FDI. VNS LINK
Courtesy of Dinar Guru
Frank26 IMO We should get our own personal insurance. We should get our own insurance agents and buy insurance policies for the amount of money we have in the bank. Because FDIC is not for an American citizen. It is for the banks protection from American citizens...
Pimpy They're doing what they can to combat what's going on [Iraqi dinar rate falling]...it's very interesting what we're seeing going on. The fact they still have over 90 billion in foreign currency assets is awesome and it's continuing to climb. The fact that they still have doubled their gold reserves is awesome. That's a great thing. These are the things that are needed to protect the Iraqi dinar. But they're not the only steps.
************
SANCTIONS INVALID! Russia's Exports to Europe Soar by 50% As Western Sanctions Fail Completely.
Deepin Moments: 12-19-2022
Putin made an important speech at the recent meeting of the Russian Council for Strategic Development and National Projects, which put forward many of Putin's views. Firstly, Putin will look for partners in Asia, the Middle East, Latin America and Africa.
WHAT DOES THIS MEAN? He will look for promising partners in the rapidly developing regions of the world economy and will redirect Russia's energy supplies to the markets of friendly countries.
This is in fact the basic tone that Putin has set for the future development of the country's economy. Putin recalled that in 2022, in the first nine months, Russian exports of key goods to Europe increased by 50%. It didn't decrease, it increased by 50% to $138 billion.
Thoughts From DJ: "PPP's and Trade Platforms" 12-1-8-2022
DJ: DID YOU KNOW?
You hear about PPP’s , or Private Placement Programs/Trade Platforms but what are they, how do they work and are they real? In short they are real but not in the way they are often described.
PPPs were first developed in the 1930’s by the U.S. and Switzerland following the global recession as a means to create working capital. Then were no longer used and remained in the books of economic history, before regaining interest in 1944 after the second World War.
They were an attractive alternative to obtain Non-refundable funds for humanitarian projects generally focusing on infrastructure development. Which after the second World War, was drastically needed to rebuild the war torn countries.
PPPs’ are secure because they are carried out as arbitrage, that is to say that the purchase / resale of financial instruments is carried out immediately with predefined prices.
DJ: DID YOU KNOW?
You hear about PPP’s , or Private Placement Programs/Trade Platforms but what are they, how do they work and are they real? In short they are real but not in the way they are often described.
PPPs were first developed in the 1930’s by the U.S. and Switzerland following the global recession as a means to create working capital. Then were no longer used and remained in the books of economic history, before regaining interest in 1944 after the second World War.
They were an attractive alternative to obtain Non-refundable funds for humanitarian projects generally focusing on infrastructure development. Which after the second World War, was drastically needed to rebuild the war torn countries.
PPPs’ are secure because they are carried out as arbitrage, that is to say that the purchase / resale of financial instruments is carried out immediately with predefined prices.
They are often described as “risk-free” investments where one prime bank issues discounted financial instruments (such as MTNs -medium-term notes, SBLCs- Standby Letters of Credit, or BGs – Bank Guarantees and other similar instruments) to a purchaser at another prime bank who has committed to purchase the notes at an agreed-upon price.
The “purchaser” is generally several banks. They are most often used in international commerce where a seller might be unsure about a buyer’s ability to pay for goods received. One way to overcome this impasse is to utilize a SBLC or BG.
Supposedly, the purchasing bank needs a large deposit from a new client to create the line of credit that will be used for the purchase. The deposit is placed in a “blocked “ account and held untouched by the bank until the transaction has been completed. An SBLC or BG is simply a promise to pay on the part of the bank involved in the transaction.
Banks get themselves over-leveraged, where they loan out more funds than they have reserves. (Banking laws require banks to carry a certain reserve to loan ration) In order to re-capitalize their reserve ratio, to loan out more money, they sell their financial instruments at a discounted price. While other banks have too much capital and need to invest in negotiable financial instruments. It’s a balancing act.
At the end of the day it has become a huge shell game and a lot of global financial hocus-pocus and a manipulation of the global money supply. It is this type of activity that has thrown the global financial systems into chaos.
The fix-its are things like Basel accords 3, 4 and now 5, QFS (Quantum Financial System) , GCR/RV (asset backed currencies) , Historic Bond Redemption ( releasing the gold, silver, and land values they represent)
Remember it’s all theory…… Until it’s not ! DJ
News, Rumors and Opinions Monday Morning 12-19-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 19 Dec. 2022
Compiled Mon. 19 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
Sat. 17 Dec. 2022 6:52 am (as per Shiela) – Simon Parkes to Charlie Ward: “Hello Charlie. I’m doing your thing. Come on, here’s the report: All currency test runs completed, led by HSBC (the Hong Kong and Shanghai Banking Corporation). US on full alert for redemption process. Temple Texas (not Reno) to start it.”
Fri. morning 16 Dec. Capt. Kyle Patriots: The RV silently started last night here in Australia.
Fri. evening 16 Dec. MarkZ: “I had a DHS contact tell me they are very upbeat about fines and penalties (from settlements, CMKX, PP’s) start next week. Settlements means we are about to be paid….Some of the Bond values are considerably high.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 19 Dec. 2022
Compiled Mon. 19 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
Sat. 17 Dec. 2022 6:52 am (as per Shiela) – Simon Parkes to Charlie Ward: “Hello Charlie. I’m doing your thing. Come on, here’s the report: All currency test runs completed, led by HSBC (the Hong Kong and Shanghai Banking Corporation). US on full alert for redemption process. Temple Texas (not Reno) to start it.”
Fri. morning 16 Dec. Capt. Kyle Patriots: The RV silently started last night here in Australia.
Fri. evening 16 Dec. MarkZ: “I had a DHS contact tell me they are very upbeat about fines and penalties (from settlements, CMKX, PP’s) start next week. Settlements means we are about to be paid….Some of the Bond values are considerably high.”
Thurs. 15 Dec. Bruce: Our source said the final Green Light (Tier 4B notification to set exchange/ redemption appointments) would be activated very soon and assured us that we would have our appointments and exchanges not only set, but completed before Christmas.
On Tues. 13 Dec. the Golden Dragon Bonds Trust deposited monies in a Quantum Financial System Account and some Bond Holders received emails with access codes for full access to their funds.
All US fiat currency has to be turned in to exchange for the new US gold-backed notes by 31 Jan. 2023. …Simeon Parkes
~~~~~~~~~~
Simon Parkes Part II: https://beforeitsnews.com/alternative/2022/12/simon-parkes-the-qa-you-cant-afford-to-miss-part-ii-must-see-video-3785653.html
Germany is on the verge of COLLAPSE… they are already turning off the street lights in most major cities… all of the government buildings are shut down… because they are being targeted by Russia to receive less fuel. I think that they are desperate for a ‘way out’… and you might see Germany is the first country to go into BRICS.
HOST: Listen folks… if Germany goes, they are the ‘backbone’ of the entire Euro Economy. They are the biggest money maker, and probably the biggest contributor. We have countries like Greece, Portugal, Spain, Italy, etc. … who are all looking for financial aid and help. So if Germany falters, because of this fuel situation from Russia… which Trump WARNED them about… and they laughed at him… so I think Germany will be the first to collapse.
I think that would be another Marker Stone for what is about to come with the Revaluation (RV) and the Redistribution. Because once Germany falls and they go into the BRICS system…and they start using gold as their financial backed asset to cure their fuel and keep their citizens warm… then it is the green light to ask, “Okay, who is next?” That is because they will ALL FALL. Countries like France, Belgium, Holland and the northern countries up around the Baltic…
I was at an ‘Insider do”, which actually had a lot of CC members… where we had the Compliance Officer for the Quantum Financial System (QFS). He is a guy that I had met before. He was very gracious and was authorized to say a few words. If you think there is going to be a great announcement… you are not.
So although he did not give any dates about when it was going to happen, and of course, he would not… it was fantastic that a very high ranking Officer was prepared and authorized to give a speech. Charlie does have a BOSS, you know… spoke during the ‘Insider do’
When JF Kennedy was assassinated… in 1963… the ‘good guys’ created some commemorative Bank Notes. But they were NOT JUST COMMEMORATIVE… they were also ‘Negotiable’. They were ONE BILLION DOLLAR bank notes. So they were Negotiable bank notes with President Kennedy’s ‘head’ on it. That shows back in 1964… that the Good guys were already planning for the RV.
They did the same with the Zimbabwe…they produced the special ‘blue Notes’… which are considered Bonds, rather than Notes… So this is a MASSIVE operation.
I asked Charlie Ward, his boss and the Compliance Officer if this was the last Christmas we were going through in this position, and they all said ‘yes.’
I cannot give everyone a date… I am really confident that it is not very far away. We should EXPECT… that the geopolitical situation to MIRROR the release of the RV.
Read full post here: https://dinarchronicles.com/2022/12/19/restored-republic-via-a-gcr-update-as-of-december-19-2022/
**
Courtesy of Dinar Guru
Frank26 Community comment "We could be years at a controlled float." No. IMO they'll probably get it capped within 6 months. It's going to explode the moment they get it at the international world. Everybody's going to use it. They're all salivating for it.
Paulette the big move for Iraq is the "restructure". The RI just increases their purchasing power on the International stage...
Central Banks Are About To Crash The Markets | These Indicators Are Flashing Code Red
Michael Cowan: 12-18-2022
The Banks Are About To Shock The World With Bigger Stock Market Crash Than The Great Depression...
TNT:
Mot: Mary, Did You Know? - Pentatonix........ https://www.youtube.com/watch?v=ifCWN5pJGIE
What Caused the Great Depression?
What Caused the Great Depression?
December 2, 2014 by Ben Carlson
The price of oil is down nearly 40% in five months, a swift fall in one of the most important and visible commodities in the world. After seeing such a crash in price, investors and pundits are quick to trot out the specific reasons for the decline.
I’ve heard many people this week give the singular reason that oil has fallen so hard so fast. While it makes for a better narrative after the fact, markets rarely move because of a single variable or data point. That would be far too easy. Usually it’s a confluence of events that gets magnified by leveraged investors and a herd mentality as everyone heads for the exits at once.
What Caused the Great Depression?
December 2, 2014 by Ben Carlson
The price of oil is down nearly 40% in five months, a swift fall in one of the most important and visible commodities in the world. After seeing such a crash in price, investors and pundits are quick to trot out the specific reasons for the decline.
I’ve heard many people this week give the singular reason that oil has fallen so hard so fast. While it makes for a better narrative after the fact, markets rarely move because of a single variable or data point. That would be far too easy. Usually it’s a confluence of events that gets magnified by leveraged investors and a herd mentality as everyone heads for the exits at once.
Even after the fact it’s difficult to know exactly why the markets behave the way they do. Complex adaptive systems don’t follow a set script.
The biggest case in point of all-time is the Great Depression and the stock market crash of 1929-1932. Consider the stat sheet from this colossal downturn:
The unemployment rate hit nearly 25%
GDP contracted almost 27% (for comparison purposes, it was down only 4.3% in the most recent crisis)
The stock market fell in excess of 85%
This period has been studied by scholars, economists and historians for decades, yet we still can’t find a good answer to the question: Did the stock market crash cause the Great Depression or did the Great Depression cause the stock market crash?
Here’s a list of the most heavily cited reasons:
There was a huge increase in consumer debt in the 1920s as technological innovation advanced at a rapid pace. For the first time ever, people could buy radios, fridges, cars or clothes on credit. It’s estimated that by the end of the 1920s over one-eighth of all retail sales were made on credit.
Margin debt in the stock market was out of control. Speculators had basically taken over the market with an excessive use of leverage. Almost 20% of the total market of listed stocks was purchased on margin loans by 1929.
The Federal Reserve’s overly restrictive monetary policies (Ben Bernanke studied these policies and wasn’t going to repeat their mistakes during the Great Recession).
Declining commodity prices from overproduction due to World War I, which led to tariffs and currency devaluations across the globe.
To continue reading, please go to the original article here:
https://awealthofcommonsense.com/2014/12/caused-great-depresssion/