"The Inflationary Nightmare-Biggest Bubble to Biggest Bust" Peter Schiff
Peter Schiff: The Inflationary Nightmare - Biggest Bubble to Biggest Bust
Palisades Gold Radio: 12-23-2022
Peter discuss the Fed's approach to inflation and why the they are purposely keeping the truth from the public in order to prevent a crisis.
He believes inflation will not go away until there is a will in Washington to get rid of it, and that quantitative easing to accommodate large deficits caused by reckless government spending will only increase inflation.
He also noted that while deflation is often seen as a bad thing, it is actually beneficial for consumers who can buy items cheaply.
Peter Schiff: The Inflationary Nightmare - Biggest Bubble to Biggest Bust
Palisades Gold Radio: 12-23-2022
Peter discuss the Fed's approach to inflation and why the they are purposely keeping the truth from the public in order to prevent a crisis.
He believes inflation will not go away until there is a will in Washington to get rid of it, and that quantitative easing to accommodate large deficits caused by reckless government spending will only increase inflation.
He also noted that while deflation is often seen as a bad thing, it is actually beneficial for consumers who can buy items cheaply.
Peter believes that the current 2% inflation target is no longer relevant and that the government has created a safety net that has become a hammock for some people, eliminating many unskilled jobs.
He believes that the minimum wage law has made it impossible for young people to gain the skills they need to move up the job ladder, creating a permanent underclass.
The Fed has run out of tools to help the economy and free markets were not allowed to work during the COVID crisis.
Gold is coming back in a big way due to the devaluation of fiat currencies. Lastly, Peter argues gold is more efficient, less volatile and expensive, and faster than Bitcoin.
Talking Points:
- The current state of the labor market and the Fed's 2% inflation target is no longer relevant.
- Government regulations stifle company growth, and less regulation has actually led to less fraud.
- Investors should focus on international markets, emerging markets, commodities, and value stocks.
Time Stamp References:
0:00 - Introduction
0:39 - Honesty at The Fed
7:08 - Fed & More Hikes?
10:03 - Scary Deflation
14:10 - Blame Inflation
15:20 - Inflation Targets
18:35 - Unemployment Rates
26:02 - Fed & "Solutions"
30:05 - Covid Spending Spree
32:47 - Gov't & Free Markets
36:20 - Competition & Efficiency
40:50 - New Investment Paradigm
46:48 - New Era & Digital Gold
50:13 - Silver Vs. Gold
52:40 - Sound Money & Education
55:08 - Concluding Thoughts
More News, Rumors and Opinions Friday Afternoon 12-23-2022
KTFA:
Clare: Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget
2022-12-23
On Friday, a member of the Parliamentary Legal Committee, Salem Ibrahim Al-Anbuge, counted the fluctuation of the exchange rate of the dollar in the market as the most important problems facing approving the financial budget for the year 2023, expecting it to be approved in late March or early April.
Al-Anbuge told Shafaq News agency, "The budget law and its draft are still with the government, and it has not reached Parliament yet, and its provisions have not been finally clarified, which requires expediting its submission to Parliament and presenting it with several readings to reach a final formula for approval."
KTFA:
Clare: Parliamentary Committee: The fluctuation of the dollar price is the most important obstacle to approving the 2023 budget
2022-12-23
On Friday, a member of the Parliamentary Legal Committee, Salem Ibrahim Al-Anbuge, counted the fluctuation of the exchange rate of the dollar in the market as the most important problems facing approving the financial budget for the year 2023, expecting it to be approved in late March or early April.
Al-Anbuge told Shafaq News agency, "The budget law and its draft are still with the government, and it has not reached Parliament yet, and its provisions have not been finally clarified, which requires expediting its submission to Parliament and presenting it with several readings to reach a final formula for approval."
He added, "The fluctuation of the dollar price and its determination in the 2023 budget are the most prominent obstacles to approving the budget, in addition to some items that have not been put up for discussion so far, so it is unlikely that the budget will be approved early."
Al-Anbuge said it was likely that the budget would be approved and agreed upon between the parliamentary forces during March or April of next year, adding that "there may be early agreements as a result of the keenness of the political forces to approve the budget in response to popular pressure and the basic living and entitlements of the citizen."
Iraq confirms that the budget for the year 2023 will cross the threshold of 100 billion dollars for the first time in years, due to the large financial revenues available to Iraq.
It is noteworthy that the financial budget for the current year 2022, which is nearing completion, was not approved by the Council of Ministers and Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the forces. security forces, which claimed dozens of lives and injured hundreds.
After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible. LINK
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Henig: Baghdad (IraqiNews.com) – Bosch, a prominent home appliance company, just launched a new store in Baghdad, Iraq. The new branch is situated on Kharidge Road in the Karada neighborhood of Iraq’s capital.
The German company has expanded internationally and is now aggressively targeting the Iraqi market with its high-quality engineering products. Refrigerators, dishwashers, dryers, vacuum cleaners, and other household appliance devices fall within this category.
Iraq has recently seen a surge in worldwide brand establishments due to greater stability and safety.
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Henig: Minister of Justice: The adoption of the electronic automation will eliminate forgery, nepotism and corruption
Baghdad-INA
The Minister of Justice, Khaled Shawani, confirmed today, Thursday, that the work on the electronic automation project comes within the ministry's policy to keep abreast of technological developments and end paper-based transactions, and would eliminate forgery, nepotism and corruption.
A statement by the ministry, received by the Iraqi News Agency (INA), said: "The Minister of Justice, Khaled Shawani, inaugurated the Real Estate Registration Directorate in Abu Ghraib."
During the inauguration, the minister stressed that "the ministry is working to open the judicial complexes in all Iraqi cities, in addition to opening the directorates affiliated with the real estate registry, to serve the citizens as well as to preserve their property."
The statement indicated that "Shawani is determined to carry out real reforms in the real estate registration departments, including the start of the electronic automation project, which will eliminate fraud, nepotism and corruption, and speed up the procedures for completing citizens' transactions." LINK
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Courtesy of Dinar Guru
Frank26 Why is the dollar going up in value inside of Iraq? Because they de-pegged from the dollar weeks ago...because it's about to go outside in a basket of possibly 29 currencies...
Frank26 The CBI has some amazing, powerful, secret, caliente (Spanish for hot) - very hot meetings constantly on a daily basis. More than one meeting a day for this purpose about the 29th of January 2023. The Iraqi dinar is going to go international...Iraq is growing up. The Iraqi Stock Exchange on the 29th is going international...the 29th of January is coming from the CBI...Prime Minister Sudani...you can't get to the 29th of January without going international unless the platforms are set and ready to go...
Is The MMRI About To SUPERSPIKE? If So, The World's Stock Markets Will CRASH.
Greg Mannarino: 12-23-2022
(MMRI=Mannarino Market Risk Indicator)
US Debt Selloff Continues
Smart Silver Stackers: 12-23-2022
New data from the Treasury shows that foreign holders of US debt dumped more than $111 Billion worth of US Treasuries in October.
The largest holder Japan was also the biggest seller, and China's US debt holdings are at the lowest point since 2010.
The global dump of US debt combined with the Fed's ongoing program of QT may be reduce liquidity in the US debt market enough to trigger a crisis, and if that happens, the dollar is toast.
If the fed is forced to resume QE to control bond yields, their inflation fight is over.
As global tensions continue to heat up in 2023, this problem is only going to get worse, and more countries and investors are going to be turning to the safety of gold & silver
News, Rumors and Opinions Friday AM 12-23-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Fri. 23 Dec. 2022
Compiled Fri. 23 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
Thurs. 22 Dec. High Up Source #3: Big celebrations going on in Zurich. Elders and Israelis are in Reno getting paid. (US) Native Americans have been paid their first payment, remainder in USN later. They and the bond holders getting 1% will get the next 9% on Monday (Dec. 26). The Codes were released after 1:00 pm Reno time today (Thurs. 22 Dec).NESARA-GESARA starts Sunday / Monday (25, 26 Dec).
Thurs. 22 Dec. Bruce: Tues 27 Dec. or Wed. 28 Dec. Tier 4B (us, the Internet Group) will be notified and can start our appointments.
High Up Source #1: This week funds in Dubai 1 and 2 will complete payout to Sovereign Buyers and Master Accounts.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Fri. 23 Dec. 2022
Compiled Fri. 23 Dec. 2022 12:01am EST by Judy Byington
Global Currency Reset:
Thurs. 22 Dec. High Up Source #3: Big celebrations going on in Zurich. Elders and Israelis are in Reno getting paid. (US) Native Americans have been paid their first payment, remainder in USN later. They and the bond holders getting 1% will get the next 9% on Monday (Dec. 26). The Codes were released after 1:00 pm Reno time today (Thurs. 22 Dec).NESARA-GESARA starts Sunday / Monday (25, 26 Dec).
Thurs. 22 Dec. Bruce: Tues 27 Dec. or Wed. 28 Dec. Tier 4B (us, the Internet Group) will be notified and can start our appointments.
High Up Source #1: This week funds in Dubai 1 and 2 will complete payout to Sovereign Buyers and Master Accounts.
Bruce: “On Tues. 20 Dec. Yellow, Gold and Red Dragon Bonds and German Bonds were released to Bond Seller Accounts, with Bond Holders having access to their monies on Wed. 21 Dec.”
High Up Source #1: “Iraqi citizens have been celebrating their revaluation according to domestic News Announcements.”
High Up Source #1: “I’m hopeful that (Tier 4B us, the Internet Group) would be able to set exchange/ redemption appointments just before, or right after Christmas.”
MarkZ: Redemption Center personnel expected to be on call over the holiday weekend, though were not scheduled for work yet. A private banker felt that they would start exchanging the first part of January, while another private banker said they would be finishing exchanges by Jan. 15 2023.
High Up Source #1: It was the goal to have all currencies of the world exchanging at a 1:1 with each other by March 2023 – a situation expected to last up to five years.
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Thurs. 22 Dec. 2022 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
NESARA was set to come out sometime between Christmas Eve day and New Years Eve day.
We will get money back for our birth certificates, marriage license, divorce decree – which were traded on the market.
There will be debt relief to pay us back our federal income taxes and interest paid on credit cards, loan interests.
This week some people have received a major increase in their Social Security payments (not the cost of living raise).
In the US and other countries the Med Beds are in place within 80 miles of where you live. They will be available sometime in January.
When you go into a Redemption Center you let them know you want to be a candidate for the Med Beds as soon as possible because of your needs.
We will not be notified prior to Christmas.
Tues 27 Dec. or Wed. 28 Dec. Tier 4B (us, the Internet Group) will be notified and can start appointments.
Each Redemption Center has a certain time they will be open that range from 8 to 12 days. It all depends on demographics in that area.
Be at your appointment no more than 10 min. early. Do not be late or you will miss your appointment and go back to the end of the line.
For the first 90 days you can have up to 1 billion $ put into a primary account for your project.
You will be monitored. If your money is spent in the wrong ways (goes to people or organizations in the 55 page booklet they give you), your account will be frozen.
Bond Holders will receive their entire monies on Tues. or Wed. 27, 28 Dec.
Zim Bond notes are very high in value.
We are now on Defcon 1. We could go to Defcon 2 on Christmas Eve and be in the Emergency Broadcast System.
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Restored Republics of the World:
Make no mistake. The Cabal lost and they know it! In Chess both parties know when the last moves are made before Checkmate. The loser has one option- stall the game. This lasts only moments before the End Game.
White Hats were working hard behind the scene to expose everything.
Bruce: We are now on Defcon 1. We could go to Defcon 2 on Christmas Eve and be in the Emergency Broadcast System.
Read full post here: https://dinarchronicles.com/2022/12/23/restored-republic-via-a-gcr-update-as-of-december-23-2022/
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Courtesy of Dinar Guru
Walkingstick [via Frank26] The CBI is leaving a big trail. If we were on a hunting expedition it would be easy to read and follow these tracks. It would be easy to see they are in the middle of a major change to their banking structure - from a de-pegging to an International float via a pairing in a basket of currency that the IQD will be benefited from...
Frank26 Article: "The central bank and banks urgent action to control the foreign currency market" This is extremely important. THE FLOAT REPLACES THE AUCTIONS FOR THE SECURITY AND FOR THE MONETARY REFORM Quote: "...among other rumors is that the central bank will make a new change to the current price...
Things Just Went From VERY BAD To WORSE... What You NEED TO KNOW NOW And Pay Attention To.
Greg Mannarino: 12-22-2022
There's NOTHING They Won't Try | Rafi Farber
Liberty and Finance: 12-22-2022
Rafi Farber, founder of The End Game Investor, says a currency crisis is ahead. The U.S. currency supply has increased substantially, leading to a decrease in the value of the U.S. dollar. The currency supply has to continue to increase, he argues, because the system is addicted to easy money. Hyperinflation and currency destruction is the endgame, he says.
In such an event, will the elite outlaw gold ownership? Will they confiscate or nationalize the yellow metal? "There's nothing they won't try," he says.
Lynette Zang, Peter Schiff and Robert Kiyosaki "Economic Crash" 12-22-2022
The 2023 Economic Trap Has Been Set
Lynette Zang: 12-22-2022
At the start of 2022, I said this was going to be a pivotal year because I knew what was happening in 2023. We then witnessed 12 months of unprecedented economic turmoil and events.
The stock market was plagued by extreme volatility and mass insider selling, and the level of social and political distractions made it nearly impossible for people to stay focused on the underlying economic factors. Shocker.
Now the Federal Reserve embarked on a reckless money printing spree, causing inflation to soar. While the dollar has lost a lot of its purchasing power value, then they decided to raise rates in an effort to slow the economy and solve the problem that they created.
Now, both the cost of living and the cost of borrowing has increased exponentially.Yeah, great part credit.
The 2023 Economic Trap Has Been Set
Lynette Zang: 12-22-2022
At the start of 2022, I said this was going to be a pivotal year because I knew what was happening in 2023. We then witnessed 12 months of unprecedented economic turmoil and events.
The stock market was plagued by extreme volatility and mass insider selling, and the level of social and political distractions made it nearly impossible for people to stay focused on the underlying economic factors. Shocker.
Now the Federal Reserve embarked on a reckless money printing spree, causing inflation to soar. While the dollar has lost a lot of its purchasing power value, then they decided to raise rates in an effort to slow the economy and solve the problem that they created.
Now, both the cost of living and the cost of borrowing has increased exponentially.Yeah, great part credit.
And days after multiple billions were lost in the FDX meltdown. Central banks conveniently revealed a plan to test their own central bank, digital currency, a complete heist of personal privacy and maximize control over the public.
We then saw the first ever global yield curve inversion in history officially signaling the collapse on a global scale.
Chapters:
0:00 Intro
2:24 2022 Is a Pivotal Year
4:55 Elites Raise Debt Alarm
14:55 Housing Bubble
18:39 Central Banks Lose Credibility
27:40 Stroking the Inflation Fire
36:18 Everything to be Sold
45:50 It's Officially Here
55:09 Global Economy Crisis
1:00:08 Silent Robbery of Wealth
1:01:14 End Stage for USA
1:02:08 Global Inverted Yield Curve
1:03:26 Closing
"The Fed Will Crash The ENTIRE Economy" - Peter Schiff's Last WARNING
Freenvesting: 2-22-2022
Peter Schiff warns about the inevitable economic consequences of the Fed’s inflation fight.
"The Worst Crash In Human History Has Begun" - Robert Kiyosaki's Last WARNING
Freenvesting: 12-22-2022
Robert Kiyosaki says to be careful and warns about the biggest crash in world history.
More News, Rumors and Opinions Thursday Afternoon 2-22-2022
KTFA:
Vietnam News
Henig: Herbal medicine industry remains largely underdeveloped
December, 21/2022
The herbal medicine industry remains largely untapped despite Việt Nam's many favourable conditions, said industry experts and policymakers.
HÀ NỘI — The herbal medicine industry remained largely untapped despite Việt Nam's many favourable conditions, said industry experts and policymakers.
According to Prof Phạm Vũ Khánh, former head of the traditional medicine department under the Ministry of Health, close to a third of all flora in the country or 4,000 plant species could be used for medicine yet the country still had to import as much as 50,000 tonnes of medicinal herbs every year (80-85 per cent of medicinal herbs used).
KTFA:
Vietnam News
Henig: Herbal medicine industry remains largely underdeveloped
December, 21/2022
The herbal medicine industry remains largely untapped despite Việt Nam's many favourable conditions, said industry experts and policymakers.
HÀ NỘI — The herbal medicine industry remained largely untapped despite Việt Nam's many favourable conditions, said industry experts and policymakers.
According to Prof Phạm Vũ Khánh, former head of the traditional medicine department under the Ministry of Health, close to a third of all flora in the country or 4,000 plant species could be used for medicine yet the country still had to import as much as 50,000 tonnes of medicinal herbs every year (80-85 per cent of medicinal herbs used).
For example, 300-400 tonnes of herbs were imported through the Chi Ma International Border Gate in the northern province of Lạng Sơn alone. Imported herbs typically fell under two categories: natural-grown and agriculture-cultivated with the majority being the latter.
Cultivated herbs were often affordable but varying in quality and in many instances, neither safe nor suitable for use in medicine production.
Dr Phan Thúy Hiền, deputy head of the National Institute of Medical Substances, said the underlying causes of Vietnamese medicinal herbs losing on home turf were lack of economies of scale, poor transport infrastructure and labour-intensive production methods, which all contributed to high prices compared to competitors.
Except for a handful number of cooperatives that have successfully implemented working production models, the vast majority of production centres were small in size and lack both the ability and the will to employ rigid quality control. Furthermore, it's often difficult for local communities to connect with pharmaceutical companies and vice versa.
The Red River Delta traditionally has been a major production centre of medicinal herbs with the Central Highlands in recent years catching up quickly thanks to its suitable soil and experienced farmers.
According to Prof Lê Văn Truyền, a former health deputy minister, there was a long documented history of traditional medicine in the country. Along with modern medicine, herbal medicine has been playing an important part in the health sector.
Herbal medicine also serves another purpose which is bolstering patients' health foundation on top of providing key nutrients, according to Prof Trần Văn Ơn, head of the flora study department of the Hanoi University of Pharmacy.
Ơn said it required a concrete and well-coordinated effort by multiple ministries and agencies to help develop the industry.
"We have many policies and lofty objectives yet too few protocols for real studies and practices," he said.
"Even now we still do not have an official long-term development plan for the industry," he added.
Ơn said it's difficult to produce medicinal herbs, even those that are native and strong in Việt Nam if the country continued to rely on imports.
He urged the central government to start the establishment of a supply chain and the implementation of support policies for domestic-grown products. In addition, the Ministry of Health must step up efforts to filter out low-quality herbs and those of dubious origin and invest more in upgrades to traditional medicine centres across the country. VNS LINK
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Henig: Oil stocks with strong financial health good choices for investors
December, 22/2022
Oil businesses with strong financial health benefitting from the current high oil prices will be the appropriate choices for investors’ portfolio in the current volatile market context.
HÀ NỘI Oil businesses with strong financial health benefitting from the current high oil prices will be the appropriate choices for investors’ portfolios in the current volatile market context.
The stock market ended last week with three increasing sessions and two decreasing sessions. The main movement of the VN-Index in the past week was a struggle, industry groups took turns leading and controlling the index with three prominent names of securities, banking and steel.
In the past month, many oil and gas stocks recorded an increase of more than double digits such as Nam Sông Hậu Oil and Gas Investment Company (NSH) gaining 45.5 per cent, Petrovietnam Transportation Corporation (PVT) rising 46.2 per cent, PetroVietnam Power Land (PVP) climbing 46 per cent and Bình Sơn Refinery (BSR) rising 34.2 per cent.
Positive stock price movements often reflect the sector's outlook and investor confidence in the businesses.
Mixed performances among oil and gas groups
With the ongoing tensions between Russia and Ukraine, the price of Brent crude oil was pushed to a record high since 2008 of $139.13 a barrel in March. Brent oil price cooled down gradually towards the end of 2022 but remained at the highest level in the past eight years, at over $90 per barrel.
Oil and gas enterprises are divided into three types: Upstream (including all activities of prospecting, exploration and exploitation); midstream (transportation, storage and distribution of oil and gas); downstream (converting oil and gas into finished products, delivering to customers). Therefore, the impact of an increase in oil prices on each of these groups is different.
Despite the sharp increase in oil prices in 2022, the upstream group including Vietnam Petroleum Technical Services Corporation (PVS) and PetroVietnam Drilling and Drilling Services Corporation (PVD) recorded poor business results.
PVD recorded a loss of VNĐ51 billion in the third quarter of 2022; thereby increasing the loss in nine months of 2022 to VNĐ201.66 billion. PVS in the third quarter of 2022 recorded a profit of VNĐ193 billion, down nearly 20 per cent compared to the same period last year; PVS' 9-month profit in 2022 also decreased by 21.2 per cent to VNĐ453.6 billion.
This year is considered a challenging year for the "downstream" group due to the instability of the domestic market. Nghi Sơn oil refinery, the largest oil project in the country, operated below capacity in the first half of this year and the delay in adjusting the costs of the base price of oil has caused many difficulties for distributors, causing a shortage of domestic supply. Therefore, some large distributors have to increase the source of imported goods to ensure petrol for the domestic market in the context of unfavourable developments in the world oil market and high transportation costs.
In Q3, PV Oil (OIL) lost VNĐ373.4 billion; Materials - Petroleum Joint Stock Company (COM) lost VNĐ7.7 billion; Thanh Lễ General Import-Export Trading Corporation (TLP) lost VNĐ168 billion; Nam Sông Hậu Oil and Gas Investment Company (NSH)'s profit was VNĐ762 million, down by nearly 82 per cent, Bình Sơn Refinery (BSR)'s profit was VNĐ455 billion, equivalent to a slight decrease of 3.32 per cent.
In the first nine months of 2022, no “downstream” enterprises recorded a growth in profit over the same period last year, except for BSR, which made a profit of nearly VNĐ13 trillion, nearly three times higher.
The midstream group is much more promising. Besides PetroVietnam Drilling and Well Services Corporation (PVD) with profit down 49 per cent, the rest of the companies all announced good business results, such as PetroVietnam Gas JSC (GAS) earning profit of VNĐ3.09 trillion, up 25.42 per cent; Petrovietnam Transportation Corporation (PVT) collecting VNĐ386 billion, up 152.3 per cent and PetroVietnam Power Land JSC (PVP) earning VNĐ176.3 billion, up 371.4 per cent.
VnDirect Securities Co expects the average brent oil price to reach about $90 per barrel in 2023.
For the upstream group, VnDirect expects the revised Petroleum Law passed in November will be a general legal framework for the oil industry, reducing the overlap between laws in oil and gas activities, helping to create a transparent legal framework for investors and increasing the attractiveness of the investment environment in the oil and gas sector.
As for the midstream, VnDirect sees the demand for oil and gas transportation in the domestic market will gradually increase in the next few years thanks to the operation of Bình Sơn Refinery and Nghi Sơn Refinery at full capacity. Besides, charter rates have recovered to pre-COVID-19 levels since 2022, which is a good sign for oil and gas carriers.
As for the downstream group especially large enterprises, VnDirect expects world oil prices to see more stable movements compared to 2022; Việt Nam's petrol consumption demand is forecast to reach a compound growth rate of 5.5 per cent in the 2022-2030 period, which is the basis for distribution businesses to grow in the coming years. VNS LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani says the reason for the high dollar exchange rate right now is because their goal is to remove the dollar from the country. FRANK: To de-dollarize! Wow. There it is.
Pimpy Al-Sudani is not what I thought he was going to be. Knowing he is the acolyte of Maliki I was expecting the worst of this guy...but come to find out Al-Sudani is not only continuing the great work of Al-Kazemi but he's doing it at a much quicker pace and that is because he has a lot more support behind him...
RUSSIA and CHINA Just Sold ALL Its U S Assets - Prepare For The Biggest Crash | Jim Rickards
Two Dollars investing: 12-22-2022
Jim Rickards explains what Russia and China are doing at this point to play with America's economy
IMPORTANT UPDATES! War, Economy, Markets, Central Banks, Lies, Distractions, Propaganda.
Greg Mannarino: 12-22-2022
"World To Abandon US As The Dollar Crumbles" Alasdair Macleod
World To Abandon US As Dollar Crumbles | Alasdair Macleod
Liberty and Finance: 12-22-2022
The rest of the world is catching on to the easy monetary policy of the West.
The BRICS nations are developing a new reserve currency that is likely to be backed by commodities and possibly gold.
If this BRICS currency emerges, this is bad news for the West and the U.S. dollar, says Alasdair Macleod, head of research at Gold Money.
World To Abandon US As Dollar Crumbles | Alasdair Macleod
Liberty and Finance: 12-22-2022
The rest of the world is catching on to the easy monetary policy of the West.
The BRICS nations are developing a new reserve currency that is likely to be backed by commodities and possibly gold.
If this BRICS currency emerges, this is bad news for the West and the U.S. dollar, says Alasdair Macleod, head of research at Gold Money.
News, Rumors and Opinions Thursday Morning 12-22-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 22 Dec. 2022
Compiled Thurs. 22 Dec. 2022 12:01am EST by Judy Byington
Summary of Recent GCR Intel from Two High Up Sources, plus MarkZ and Bruce:
Mon. 19 Dec. High Up Source #1: “This week Dubai 1 will see completion with funds access to select Elders and Governments. We also will see Dubai 2 release and funds access to select sovereign buyers and the Master Accounts. In addition, we will start the recovery program exchanges for certain categories of specific assets such as the German Bonds, Yellow and Red Dragon Bonds , Golden Gun boxes and other specific assets in Key locations of Zurich, Miami and Reno.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 22 Dec. 2022
Compiled Thurs. 22 Dec. 2022 12:01am EST by Judy Byington
Summary of Recent GCR Intel from Two High Up Sources, plus MarkZ and Bruce:
Mon. 19 Dec. High Up Source #1: “This week Dubai 1 will see completion with funds access to select Elders and Governments. We also will see Dubai 2 release and funds access to select sovereign buyers and the Master Accounts. In addition, we will start the recovery program exchanges for certain categories of specific assets such as the German Bonds, Yellow and Red Dragon Bonds , Golden Gun boxes and other specific assets in Key locations of Zurich, Miami and Reno.”
Wed. 21 Dec. MarkZ: “Reports out of Europe and one from Asia say that Bond Holders have received a “down payment” on their expected funds – not from a “reseller” but from an actual bond transaction…. Many different sources such as military, banking, bond and a paymaster from different cities and county locations that are not affiliated with each other, all have expectations for a revaluation announcement within the next few days. …Talks between Iraq Federal and Kurdistan regions over the 2023 budget have been fruitful so far. I am told once they finalize that we are hours away from a value change.”
Tues. 20 Dec. Bruce: “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. Bond Holders received liquidity on Tues. 20 Dec. and would have access to their monies on Wed. 21 Dec.”
High Up Source #1: “This week will see a phase in of currency assets such as the Iraqi Dinar, Zimbabwe Notes and other currencies. … Iraqi citizens were celebrating their revaluation according to domestic News Announcements. …We are hopeful that Tier 4B will see results of the above phases just before or after Christmas.”
Wed. 21 Dec. MarkZ: “Redemption Center personnel expect to be on call over the holiday weekend. They are not scheduled for active work yet.”
High Up Source #1: As the above phases are completed, the end results will lead to the second phase in March of the General RV which will last up to five years and affecting all of humanity. The balance of all other assets will fall into that process.
Bruce: There will be no structured payouts for Tier4B.
White Hat Intel for Wed. 21 Dec. 2022:
White Hats in China purposely collapsed their economy and seized assets, while at the same time, Switzerland Rothschilds hid their own money. World Elites pulled their billions connected to millions of investors pulling their money from stocks, world trading that connected to trillions.
The EXPOSURE of The United States Treasury and Bonds is a huge part of The PLAN as the Deep State and their entities cannot pay the high interest, which connects to the collapse of Banks.
Read full post here: https://dinarchronicles.com/2022/12/22/restored-republic-via-a-gcr-update-as-of-december-22-2022/
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Courtesy of Dinar Guru
Walkingstick [via Frank26] The international platforms have replaced the auctions at the CBI. Once the IQD starts to go International in a basket it is automatically canceling the CBI auctions where Iran was siphoning Iraq's blood through their currencies. The only swap from now on will be with the US dollar...no more auctions. It will be a governing function instead.
Frank26 Article: "The Central Bank's measures deepen the dollar crisis and extend American hands to create unrest" THE CBI REMOVES CORRUPTION & NEUTRALIZES THE AUCTIONS! The auctions are gone...it is important for you to understand this principle...the auctions were given to the CBI for what reason? So Iraq could take the oil that they sell in American dollars and convert it into Iraqi dinars so they can run their country but they didn't. They took the money that came in as American dollar for oil and instead of going in the right direction, they evil ones, took it...straight to Iran...
The 3 Largest Central Banks Have BEGUN Crashing & SELLING Off These U.S Treasuries | Lyn Alden
Two dollars investing: 12-21-2022
Japan Surrenders To Inflation - This Pivot Could Trigger A Global Bond Crisis
Sean Foo: 12-22-2022
The Bank of Japan has 'shocked' the world with a sudden pivot to their monetary policy, they are now tightening and hiking rates.
This new hawkish stance is a direct consequence of their ultra-low rates for too long which has caused inflation to get out of control.
But Japan's rate hikes could crash the dollar and cause a lot of pain for the global bond market. Here's what you must know!
What Is a Decamillionaire?
What Is a Decamillionaire?
By Cassidy Horton Updated on December 29, 2021
Anyone with a net worth of at least $10 million is considered a decamillionaire. Because the word “millionaire” is such a broad term, people often use “decamillionaire” instead to describe exactly how much wealth someone has.
Someone with a net worth of $10 million to $99.99 million is considered a decamillionaire. Because the word “millionaire” is such a broad term, people often use “decamillionaire” instead to describe exactly how much wealth someone has.
What Is a Decamillionaire?
By Cassidy Horton Updated on December 29, 2021
Anyone with a net worth of at least $10 million is considered a decamillionaire. Because the word “millionaire” is such a broad term, people often use “decamillionaire” instead to describe exactly how much wealth someone has.
Someone with a net worth of $10 million to $99.99 million is considered a decamillionaire. Because the word “millionaire” is such a broad term, people often use “decamillionaire” instead to describe exactly how much wealth someone has.
Here’s a closer look at what it means to be a decamillionaire and how it works.
Definition and Examples of a Decamillionaire
A decamillionaire is someone with $10 million to $99.99 million in net worth. The word is a combination of “deca” or “deka,” meaning “10” in Greek, and “millionaire,” meaning anyone with at least $1 million in net worth. Therefore, a decamillionaire is anyone with a net worth of at least $10 million.12
The term doesn’t just apply to those with $10 million in U.S. dollars, either. It refers to anyone who has a net worth of at least 10 million in any currency. So, if you have 10 million in British pounds or 10 million in euros, you’re also a decamillionaire.
How a Being a Decamillionaire Works
Oftentimes, using the word “millionaire” alone doesn’t paint an accurate picture of someone’s wealth. Do they have $1 million? $10 million? $100 million? There’s a sizable difference between those amounts. Therefore, people use terms like “decamillionaire” to further classify how much wealth someone has.
But decamillionaire isn’t the only subclassification used to describe the size of someone’s wealth. This chart breaks down other common categories people use:
Classification Net Worth
Millionaire At least $1 million
Pentamillionaire At least $5 million
Decamillionaire At least $10 million
Hectomillionaire At least $100 million
Billionaire At least $1 billion
To continue reading, please go to the original article here:
https://www.thebalancemoney.com/what-is-a-decamillionaire-5208325
Cash, Gold and Hyperinflation Q&A With Lynette Zang
Cash, Gold & Hyperinflation Q&A with Lynette Zang from ITM Trading
12-21-2022
Viewer Questions:
Question 1: 0:46 How do you figure the true value of gold if the true amount of debt is unknown? For example the foreign exchange derivatives “unknown” or “estimated” total.
Question 2: 4:31 With the possibility of a gold confiscation by the government, do you believe the pre-1933 gold could be changed to a later cutoff year for consideration to not be confiscated, ie, pre-1980?
Question 3: 9:19 If the end of hyperinflation results in a dollar with ZERO value how will physical assets, stocks, real estate and precious metals be valued? How will people purchase goods?
Cash, Gold & Hyperinflation Q&A with Lynette Zang from ITM Trading
12-21-2022
Viewer Questions:
Question 1: 0:46 How do you figure the true value of gold if the true amount of debt is unknown? For example the foreign exchange derivatives “unknown” or “estimated” total.
Question 2: 4:31 With the possibility of a gold confiscation by the government, do you believe the pre-1933 gold could be changed to a later cutoff year for consideration to not be confiscated, ie, pre-1980?
Question 3: 9:19 If the end of hyperinflation results in a dollar with ZERO value how will physical assets, stocks, real estate and precious metals be valued? How will people purchase goods?
More News, Rumors and Opinions Wednesday Afternoon 12-21-2022
KTFA:
TishWash: America's papers are burning in Iraq.. The people's "dreams" await investigation, while Washington stands by
It is no secret to anyone the role that America plays through its many tools in Iraq since the formation of the new government to the present day. Attempts to stand by al-Sudani and provide adequate support may be more like "poisoning with honey" and mere international positions that "do not fatten or enrich", so it is not reasonable. For Washington to stand by Baghdad, especially after the formation of a government that does not conform to its orientations.
The “papers” of the White House in Iraq may be many and varied, as it knows very well that placing a tool for it in every detail of the country, whether it is economic, political, local or security, will benefit it one day, especially since the government will not fall in a “single blow.” This prompts it to activate all "press buttons" to thwart its "service" program.
KTFA:
TishWash: America's papers are burning in Iraq.. The people's "dreams" await investigation, while Washington stands by
It is no secret to anyone the role that America plays through its many tools in Iraq since the formation of the new government to the present day. Attempts to stand by al-Sudani and provide adequate support may be more like "poisoning with honey" and mere international positions that "do not fatten or enrich", so it is not reasonable. For Washington to stand by Baghdad, especially after the formation of a government that does not conform to its orientations.
The “papers” of the White House in Iraq may be many and varied, as it knows very well that placing a tool for it in every detail of the country, whether it is economic, political, local or security, will benefit it one day, especially since the government will not fall in a “single blow.” This prompts it to activate all "press buttons" to thwart its "service" program.
The leader of the State of Law, Wael al-Rikabi, confirmed that America uses many pressure cards to pressure the current government in order to agree to its demands, while stressing that the terrorist attacks represent one of these cards to prevent the country from developing and turning to China.
The leader of the coalition, Wael al-Rikabi, said in an interview with the information agency, that "Washington has several cards that it tries to use whenever the country reaches a point of preserving its prestige and seeking to achieve its interests," noting that "the White House's papers in Iraq are many, including Washington's ambassador." Baghdad and its suspicious movements, but the Iraqi government will not easily pay these cards.
And he added, "The other card that America has is represented by the terrorist ISIS gangs and the terrorism file and bringing criminals into the western and northern regions, as happened with the recent attacks in Tarmiya, Salah al-Din and others."
The leader in Maliki's coalition explains, "The other thing is the inclination of some political parties to it," pointing out that "all these cards represent basic pillars for Washington to use whenever it wants."
And it shows, "America is trying to use these cards to put pressure on the Sudanese government to respond to its demands and not to turn towards China and move away from it."
* Cloak of Evil
Iraq’s exit from Washington’s mantle and heading towards another camp may offer it a lot, an idea that the White House does not like at all, and destroying it is necessary, especially since the opposite side is its first economic enemy, which is China, and it may be considered a source of concern by the Sudanese government to the US administration, according to the expert. Security, Aqil Al-Taie.
Al-Taei mentioned in an interview with Al-Maalouma Agency, that "Washington's interests in Iraq are threatened under the Sudanese government, which has worried the US administration and Washington's ambassador with his recent moves."
And he points out, "The terrorist gangs in Iraq have returned to their activities, returning to using malicious cards and relying on smuggling security forces based on directions from US President Biden to break what the new government is trying to build."
* Transition to date
Iraq's transition from the western camp towards the east may be for it the "opportunity of a lifetime" to achieve what the country aspired for after 2003, which will bring about a qualitative transition for it at all levels and in a short period of time, according to the leader of the Fatah Alliance, Aed al-Hilali.
In an interview with Al-Maalouma, Al-Hilali said, "The Sudanese government is trying to work to create a balance in contracts between the eastern and western camps in order to fulfill the dream of the Iraqis in achieving prosperity for the country in all aspects," stressing that "the Sudanese government's going to the eastern camp will bring about its transition." Quality at all levels and in a short period of time.
He states, "Iraq now needs continuous work at competitive prices, and this is what the Chinese agreement now offers, which is still offering many projects to Iraq."
Al-Hilali continues, "Most of the contracts that were contracted with in the Western camp did not succeed, and many corruption deals appeared in them," adding that "contracting with the West means charging Iraq twice the cost that China accomplishes with the same capabilities."
The opportunity of a lifetime for the Sudanese government may face enormous dilemmas and international risks, most notably Washington's objection to the idea of leaving Iraq from under its hands and handing it over with a "platter of gold" to its enemies according to its point of view, which believes that it is the legitimate ruler and the first guardian of Mesopotamia, but the popular will and the power of the government, despite The Americans' "traps" and their "malignant" cards may bring about a "transition" that can only happen with "dreams." link
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Tishwash: After a "golden" year... Iraq's fiscal surplus will decrease by 78% in 2023
Today, Wednesday, the Fitch Ratings agency expected that Iraq's fiscal surplus will be lower in 2023 compared to 2022, as the numbers show the possibility of its decrease by 78%.
And the agency classified Iraq at the B- rating, indicating that "the B- rating reflects the heavy dependence on primary commodities, weak good governance, political risks, and the lack of development of the banking sector," according to Reuters.
Fitch Ratings stated, "Iraq's budget surplus will rise to about 10% of GDP in 2022, supported by the increase in oil revenues."
It said it expected a much smaller surplus in the 2023 budget, at 2.2% of gross domestic product.
It noted that the B- rating is balanced by large foreign exchange reserves and low interest costs on government debt.
(Baghdad Today) translated the agency’s figures on the fiscal surplus to reach a clearer picture of the size of the decline, as the decrease in the surplus from 10% of GDP in 2022 to 2.2% of GDP in 2023 means that the surplus will decrease by 78% next year. .
Iraq's gross domestic product is more than 200 billion dollars, which means that the surplus in 2022 amounted to more than 20 billion dollars, while in 2023 the surplus will reach only 4.5 billion dollars, which is a decrease of 78%. link
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Courtesy of Dinar Guru
Frank26 Article: "Launching the first electronic platform for financial trading via the Internet" THEY TOLD [Boots on the ground Firefly] WHEN WE SIGN THE HCL WITH THE KURDS... THE IRAQI DINAR WILL FLOAT INTERNATIONALLY! ...when it floats it's 'pairing'... What is the CBI trying to tell the citizens of Iraq? Your currency is about to leave its borders, de-peg from the American dollar [and] pair within a basket... Quote: "The online trading system for the shares of Iraqi joint-stock companies will be launched - for Go Life investors, starting from the session on Sunday 1/29/2023," ... that means it's going to float.
Mnt Goat ...January is upon us and the CBI will have the 31 days to reinstate starting on Jan 1st the clock will tick, tick tock, tick tock. If not, they will miss yet another window of opportunity to RV this time and the saga continues...
EU Opposes U.S. Policy and Sanctions U.S. Companies
Deepin Moments: 12-21-2022
In the face of personal interests, the U.S. can not care about friendship, or rather, allies are the target of the U.S. "squeeze", of course, the U.S. will point the finger at the EU, the EU will not sit idly by.
The U.S. "Inflation Reduction Act" is simply aimed at the de-industrialization of Europe, in order to save the future of the EU, France and Germany once again joined forces to counter the United States.
Not long ago, the French and German finance ministers issued a joint statement, claiming that European products should receive tax credits just like American products. It seems that France and Germany are planning to do the same thing to others.
Central Banks Are About To VASTLY INCREASE Their Issuance Of Debt. BE READY FOR IT!
Greg Mannarino: 12-21-2022
Mike Maloney and Bix Weir Wednesday 12-21-2022
Mike Maloney
COLLISION COURSE or Soft Landing?
J oin Mike Maloney as he examines whether there is any way out for Jerome Powell - is a ‘soft landing’ achievable?
Or are we on a direct collision course with an unpredictably bad economic catastrophe?
Mike Maloney
COLLISION COURSE or Soft Landing?
J oin Mike Maloney as he examines whether there is any way out for Jerome Powell - is a ‘soft landing’ achievable?
Or are we on a direct collision course with an unpredictably bad economic catastrophe?
ALERT! If We Use SILVER as Money "Non Mint Issued" Silver May Have to be Nationalized!!
(Bix Weir) 12-21-2022
There's many unanswered questions about the New Monetary System.
Gold and Silver will be the leading contenders when the derivative bubble pops but WILL NON-MONETARY SILVER BE ILLEGAL TO OWN?!