More News, Rumors and Opinions Wednesday Afternoon 1-11-2023
KTFA:
Clare: Oil and Gas Law.. Four articles will decide its approval
01/11/2023
The leader of the Kurdistan Democratic Party, Wafaa Muhammad Karim, revealed today, Wednesday, the adoption of the oil and gas law on four articles that will resolve the dispute between Baghdad and Erbil and accelerate the pace of its approval within the dome of the House of Representatives.
Karim told Al-Furat News that: "The main problem related to the oil and gas law is due to its lack of existence in the first place, as the invocation was limited to the constitution with regard to oil, but now it will be based on the constitution and the law."
KTFA:
Clare: Oil and Gas Law.. Four articles will decide its approval
01/11/2023
The leader of the Kurdistan Democratic Party, Wafaa Muhammad Karim, revealed today, Wednesday, the adoption of the oil and gas law on four articles that will resolve the dispute between Baghdad and Erbil and accelerate the pace of its approval within the dome of the House of Representatives.
Karim told Al-Furat News that: "The main problem related to the oil and gas law is due to its lack of existence in the first place, as the invocation was limited to the constitution with regard to oil, but now it will be based on the constitution and the law."
He explained, "Where it will depend on the constitutional provisions of Article 111, Article 112, Article 117 and Article 110, as well as reliance on the Federal Court Law."
Karim continued, "The basis of the differences with the region was the lack of an oil and gas law, and there is consensus and agreement on the law to be approved within a period of time ranging from 6 months to a year."
He pointed out that "there is no justification that the second OPEC country and a rich country in Iraq has no law."
Today, Wednesday, an expanded technical meeting was held between the federal government and the delegation of the Kurdistan Regional Government of Iraq.
According to a statement by the Prime Minister's Office, the meeting witnessed extensive discussions regarding the general federal budget law for the year 2023, and an emphasis on the speed of its resolution, in order to implement strategic plans, programs and projects in the field of services, economy, investment, and other files.
It also dealt with a number of contentious issues between Baghdad and Erbil, especially with regard to the oil and gas law, and the emphasis on resolving them in accordance with what was stated in the constitution.
From: Raghad Dahham LINK
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Zeeman: Good article Clare but what would be even better is if the goi would have come back on time and if all the words of how important it is would turn into action and just do it imo
Paulette: Hey Z.....the GOI has been working hard. Did you see all the items they passed in their last couple sessions?? And we read today that the Kurds and Baghdad (Sudani's GOI) are in talks about passing the Oil and Gas law??? The GOI has been working hard by all reports......
Parliament was on recess, not the GOI. As to Parliament having their first session is irrelevant IMO. They cannot work on passing the budget until they receive it. Sudani's GOI has not passed it yet. All laws, including the budget, have to pass the GOI prior to Parliament receiving them. It is only then that Parliament can commence the First Reading.
Thereafter, it goes to the relevant Committee to discuss, review and then return to Parliament with their analysis and comments. The Second and Third Readings can then commence. If passed, it can then be sent to the President for signature. After which, it then goes to the Finance Minister for disbursement which often takes upwards of 30 days.
We know that all Parliament Committees have returned to work this week. Until Parliament has something to put on their Agenda, there is no reason to even have a session.
Watch for when the GOI is going to pass the budget. I hope it is not until after the CBI, in the words of Frank, "Reinstitutes" their currency which must occur prior or simultaneous to the RI. I believe it will be prior with the RI to follow from 2 weeks to upwards of a year. I don't think a year is likely but Shabbibi said that inflation has to be monitored prior to moving ahead.
I am hopeful that the CBI is currently doing that in their reported experiment in depegging from the USD.
Let's hope that Sudani's GOI doesn't pass this budget prior to the currency being "reinstituted". If they do, there are still many windows of opportunity for the CBI to take action as I spelled out above. If it gets all the way back to the Finance Minister and disbursements are made at 1450, this year certainly gets a little muddled as the budget is retroactive to January 1.
The other thing to watch is whether they disburse salaries for 1/2023 prior to the CBI "reinstituting" the currency. Remember that they can disburse on the 1/12th system prior to a budget being passed. Again, this would seem to muddle the accounting for the 2023 Fiscal year.
Yesterday, there were reports that the GOI would be passing the budget within 48 hours and then sending it on to Parliament to likely have a First reading on Sunday. This times out well with a late Thursday passing however, the GOI usually meets on Tuesdays. Let's watch what they do.
As was pointed out in this thread, the CBI is now conducting Currency Sales for the day on the day. This actually started Monday. Also note that the "Remittances" have been very low relatively and that the "Cash" has been High relatively. This suggests they are still fighting to get the Market Rate controlled but businesses are not wanting to pay for imports at this time. Perhaps they are expecting to be able to purchase imports at a lower rate soon.
Also, the change in frequency is conducive to how DELTA always said it go when the change occurred. He always said the CBI would conduct a Currency Sale in the morning, the site would go down and when it returned that the Rate would have been changed.
I always liked a Thursday for this to happen with the CBI site returning on Saturday or Sunday. Announcements and education can start in the mosques on Friday morning. This would also fulfill what Shabbibi said in that he wanted the Iraqi Citizens to benefit prior to the rest of the world.
Tomorrow is Thursday.........Perhaps a big one at that........Time will Tell....
If not, I hope the GOI does not pass the budget and we are in a similar possible scenario on another day.
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Courtesy of Dinar Guru
Frank26 The only reason why they didn't have the re-institution of their currency was because of Iran. They're not about to raise the value and let them continue to steal. They had to change their whole banking structure. Honestly I didn't think it was going to take all last year. But here we are...
Nader From The Mid East Question: "What happens if they changed the currency? What happened to the dinar of their home?" ...You know how many Iraqi's hold the Iraqi dinar? If tomorrow they decide to change the currency and they say the old one you have you cannot do anything about it. You just have to throw it away or burn it or use it as toilet paper - you know how many people will be mad? ...So you have dinars, you can exchange them yes. If they go to a small category notes, which for me it's gonna take a while to do that, they're gonna give you some time between 15 to 90 days or six months or whatever they're gonna give to exchange your money
From Recaps Archives:
The "Hidden Secrets of Money" series by Mike Maloney
Money vs Currency - Hidden Secrets Of Money Episode 1 - https://youtu.be/DyV0OfU3-FU?t=1
Seven Stages Of Empire - Hidden Secrets Of Money Episode 2 - https://youtu.be/EdSq5H7awi8?t=1
This Timeline Shows The Death Of The US Dollar As World Reserve - Hidden Secrets Of Money Episode 3 https://youtu.be/y-IemeM-Ado?t=1
The Federal Reserve: Biggest Scam In The History Of Mankind - Hidden Secrets of Money Ep 4
https://youtu.be/iFDe5kUUyT0?t=1
Where Does Money Come From? - Hidden Secrets Of Money Ep 5 -https://youtu.be/OQWMd_NPSBA?t=1
Top 4 Reasons For Deflation BEFORE Hyperinflation - Hidden Secrets Of Money Episode 6 https://youtu.be/8GP87dgTqF8?t=1
The Money Illusion - Hidden Secrets Of Money Episode 7 - https://youtu.be/P4_1pwsm5LY?t=1
From Bitcoin To Hedera Hashgraph (Documentary) Hidden Secrets Of Money Episode 8 https://youtu.be/SF362xxcfdk?t=1
Fall Of Empires: Rome vs USA (Hidden Secrets Of Money Ep 9) https://youtu.be/OuOcnGAv4oo?t=1
American Bread & Circus (Hidden Secrets Of Money Ep 10) https://youtu.be/fiCKf7hfagk?t=1
News, Rumors and Opinions Wednesday AM 1-11-2023
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 11 Jan. 2023
Compiled Wed. 11 Jan. 2023 12:01am EST by Judy Byington
Global Currency Reset – what we think we know as of Tues. 10 Jan:
On 1 Jan. 2023 the World financial system changed from the Cabal owned SWIFT System to the new gold/asset-backed Quantum Financial System.
By Tues. 3 Jan. only 50% of the US Banks were Basil Compliant and qualified to be on the system.
On Mon. 9 Jan. the Crypto Market that had nothing as backing was said to have tanked.
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Wed. 11 Jan. 2023
Compiled Wed. 11 Jan. 2023 12:01am EST by Judy Byington
Global Currency Reset – what we think we know as of Tues. 10 Jan:
On 1 Jan. 2023 the World financial system changed from the Cabal owned SWIFT System to the new gold/asset-backed Quantum Financial System.
By Tues. 3 Jan. only 50% of the US Banks were Basil Compliant and qualified to be on the system.
On Mon. 9 Jan. the Crypto Market that had nothing as backing was said to have tanked.
On that same Mon. 9 Jan. Charlie said: “Liquidity has started and mass amounts of monies were being moved right now. …A lot of test payments have been made. …A lot was happening around the 17th -19th Jan. …This week Americans on vacation in Europe reported not being able to withdraw cash from their American Banks. …Only 50% of banks in America were Basil compliant on Jan. 3. …This week some banks will close but you don’t need to worry because all accounts have been mirrored by the Quantum Financial System.”
Tues. 10 Jan. MarkZ: The window opened on the Mon. 9 Jan. and goes to around Tues. 31 Jan. One group of sources swears it will happen between Wed. 11 Jan. and Sat. 14 Jan. of this week. Another one thinks it will happen between Thurs. 12 Jan. and Tues. 17 Jan. Most of the folks are betting on late this Thursday to the beginning of next week. Just some horse betting from folks involved in the process. I am just very confident it will happen this month. The PTB do not want us to know the date. They are going to keep throwing out dates and curves to keep us guessing. They are doing this on purpose. Try to stay off the roller coaster. It will drive you nuts. We continue to see movement on NDA’s from whales, paymasters and groups.
High Up Contact: Sun. 15 Jan. 2023 was theDeadline for all levels to be fully loaded and ready to disperse funds, including Level 5, the General Public.
High Up Contact: March 2023 was the deadline to have all countries’ currencies of the world exchanging at a 1:1 with each other – a situation expected to last up to five years.
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Tues. 10 Jan. 2023 The Big Call, Bruce: Thebigcall.net 667-770-1866 pin123456#
Many were under gag orders and NDAs so it was hard to get information.
Late last night the US Treasury indicated that Bond Holders were getting notifications starting this afternoon Tues. 10 Jan. and Bond Holdings monies were moving to Bond Seller Accounts yesterday and today. They should have access to funds Wed. or Thurs.
The Internet Group Tier4b should get notifications to set our appointments around the same time as Bond Holders have access to funds on Wed. or Thurs.
There were four Regional Call Centers in the US.
Canada, Mexico and other countries around the Globe will not have Redemption Centers like we do in the US. The US has over 7,000 Redemption Centers. Canada has 1100-1200 Redemption Centers. HSBC and Scotia are the Banks in Canada. Mexico and Latin America have Sencandor Bank and will do Zim redemption.
HSBC was the lead bank outside the US, so check there for Redemption Centers.
The US screen and contract rates were different in other countries.
The Zim was worth a lot no matter the country you were redeeming.
NESARA funds (US retribution funds for interest paid) should kick in for US seniors Mon. 16 to Fri. 20.
Jan. 17, 18, 19 Tues-Thurs. were major event days.
Read full post here: https://dinarchronicles.com/2023/01/11/restored-republic-via-a-gcr-update-as-of-january-11-2023/
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Courtesy of Dinar Guru
Frank26 [Bank Story] NAME PROTECTED: I called...a local family-owned bank where we have had an account for the last 34 years. I told the banker we would be exchanging some dinars in the very near future and wanted to know the fees for doing so. He told me most if not all of the locally owned banks would be sending their exchanges to the Frost Bank here in San Antonio... FRANK: This bank officer knows the procedure to exchange the Iraqi dinar? What did we tell you about banks being educated all around the world? This bank officer has no problems talking to our friend here... [Post 1 of 2....stay tuned]
Frank26 [Bank Story cont.] NAME PROTECTED: The Frost Bank in San Antonio was at 3%. FRANK: That's pretty good. 1%, 2%, 3% range. NAME PROTECTED: Our bank would charge us only $34 courier fee. He also said national banks such as Chase, Bank of America, etc had their own departments and we would have to check with them on their rates...Frost Bank...seem to be the big dog with the locally owned banks [In San Antonio area] FRANK: Remember I told you the CBI was getting ready? And then I said you should too? All the banks are ready IMO... [Post 2 of 2]
Why I Believe GOLD & SILVER is the Place to Be in 2023
Mike Maloney: 1-10-2023
oin Mike Maloney as he examines some extremely interesting data points for the gold and silver markets. Where are the prices for these metals headed in 2023? How could a recession affect their performance? Are there any other safe havens? Tune in today to find out.
London Paul: What Is China Planning With All Of Its Gold
Arcadia Economics:
China has been accumulating a large amount of gold over the past decade, and according to many experts, far more gold than they publicly acknowledge.
But one of the key questions that remains is what they're planning to do with it, and how they plan to use it.
So in today's call with London Paul of The Sirius Report, he talks about the large metal inflows that have gone from west to east, and what he thinks China's end goal is.
China and other nations have made clear their frustrations with the current dollar based financial system, as they continue to de-dollarize and build a system that doesn't rely on the west.
And Paul mentions that in 2016, China was even considering a proposal to go to a gold-backed currency. It's a trend that has been mostly ignored by decision makers and financial media in the west.
Yet a trend that nonetheless is of great significance, and has the potential to reshape the financial landscape in the years going forward.
So to find out more about what China may be planning with their accumulation of gold, click to watch the video now!
Lynette Zang and Lyn Alden Tuesday PM 1-10-2023
The End of Libor: Are You Prepared for the Coming Storm?
Lynette Zang: 1-10-2023
An interesting thing is happening on the progress toward the transition between the LIBOR and the SOFR and it's happening in the CLO market.
We have about six months to go in this transition, and when it's super quiet, it always makes me wonder what are they trying to hide?
Because that could indeed create a huge surprise and you don't wanna be surprised in a negative way.
The End of Libor: Are You Prepared for the Coming Storm?
Lynette Zang: 1-10-2023
An interesting thing is happening on the progress toward the transition between the LIBOR and the SOFR and it's happening in the CLO market.
We have about six months to go in this transition, and when it's super quiet, it always makes me wonder what are they trying to hide?
Because that could indeed create a huge surprise and you don't wanna be surprised in a negative way.
Chapters:
0:00 LIBOR and SOFR Transition
1:56 Collateralized Loan Obligations
4:16 Debt Investors Fight Back
9:36 Strains in Credit Market
12:50 Distressed Debt
15:13 Central Banks Buy Most Gold in History
18:28 Protecting Your Wealth
Central Banks Just Sold LISTS Of US Assets To Start The New Global Reserve Currency | Lyn Alden
Two Dollars Investing: 1-10-2023
More News, Rumors and Opinions Tuesday Afternoon 1-10-2023
TNT:
Tishwash: The framework calls for urgent action regarding "Iraq's financial reserves" in America... 3 weaknesses
The leader in the coordination framework, Jabbar Odeh, called, on Tuesday, for urgent action regarding Iraq's financial reserves in America.
In an interview with Al-Maalouma, Odeh said, "Washington controls Iraq's financial reserves in different ways, and it is currently putting pressure on the currency markets and was a direct cause of the dollar's exchange rate rising to more than 160,000 dinars per hundred dollars .”
TNT:
Tishwash: The framework calls for urgent action regarding "Iraq's financial reserves" in America... 3 weaknesses
The leader in the coordination framework, Jabbar Odeh, called, on Tuesday, for urgent action regarding Iraq's financial reserves in America.
In an interview with Al-Maalouma, Odeh said, "Washington controls Iraq's financial reserves in different ways, and it is currently putting pressure on the currency markets and was a direct cause of the dollar's exchange rate rising to more than 160,000 dinars per hundred dollars .”
He added, "The time has come for urgent action regarding Iraq's financial reserves in America by ensuring that they are transferred to banks of other countries that are safer and prevent any interference in the country's financial policy," noting that "the survival of the reserves In Washington, it carries with it 3 weaknesses, the most prominent of which is the possibility of Acquisition of it, and this is possible, in addition to creating problems with liquidity, and this is what is happening now, in addition to it representing a tool that robs the country of economic independence and gives Washington more cards that support its agenda in Baghdad.
He pointed out that "the situation of the economy in America is critical, and its entry into a period of severe recession is possible at any moment, which makes these precautions in the crossfire, which calls for urgent positions to secure these precautions and prevent any violation of them under any pretext.
Iraq has large financial reserves in US banks for many years, in addition to treasury bonds estimated at billions of dollars on the basis of investment. link
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Tishwash: It's like an emergency." Deputy: The first parliament session will be for the dollar rate
A member of the House of Representatives, Baqir Kazem, confirmed, on Tuesday, that the next parliament session will be on Saturday after the end of the legislative recess, while he indicated that it will be related to discussing the high price of the dollar.
Kazem said, in an interview with Al-Maalouma, that "the next session will be for discussing and finding solutions to the crisis of the dollar's high exchange rate," noting that "Parliament will submit a report and proposals to the Ministry of Finance in order to study the issue of dollar exchange.”
And he continued, "The work of the parliamentary committees in the previous period was devoted to finding solutions and proposals in order to work to reduce the exchange rate of the dollar after the speculation it is witnessing," noting that "next Saturday will be the first session of the second legislative term.”
He noted that "the next session is tantamount to an emergency solution to the dollar exchange rate crisis, and all aspects that will contribute to preserving the value of the Iraqi dinar will be studied."
Today, the exchange rates of the US dollar against the Iraqi dinar recorded a new record on the main stock exchange in the capital, Baghdad, as the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad reached 160,300 Iraqi dinars for 100 US dollars . link
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Courtesy of Dinar Guru
Mnt Goat Article: "GOVERNOR OF THE CENTRAL BANK CALLED ON MERCHANTS TO DEAL DIRECTLY WITH BANKS" Its about time…the CBI wakes up to another source of the monetary problems plaguing Iraq...This effort will help so much in reducing speculation thus the CBI will be able to control the exchange rate of the dinar. Remember that these street brokers and speculators are not going through the new platform to track corruption either in the exchange of dinars to dollars. So this effort is a win-win for everyone.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Today the US Fed explained more on those 60 banks and those fake airline tickets that they were selling to us. They're saying more than 150 million was being stolen by these banks. They would sell [Buy?] at 1460 then re-sale that to citizens at 1600... FRANK: Animals...! FIREFLY: ...these 60 banks have been busted. Iraq wants to clean up and do what's right so we can reward our citizens but corruption must be dealt with. FRANK: Didn't I say that was the reason why we don't have the monetary reform, because of the corruption of Iran.
Swiss Central Bank Just Posted its Largest Loss in History
Heresy Financial: 1-10-2023
t looks like the Federal Reserve is not the only central bank around the world experiencing issues with losses this year. In fact, the Swiss Central Bank just posted its biggest loss in its entire 116-year history. And given the way that things look like they are going to be going for the year of 2023, it does not look like this will be a year that central banks will make up for their losses.
In fact, it looks like central banks all around the world are going to have losses that will get much worse this year.
Timecodes
0:00 Video Introduction
0:32 What is a Central Bank
3:01 Swiss Central Bank Post Their Biggest Loss
4:18 Swiss Government Won't Receive Their Normal Payout
5:47 Fed Will Take Longer to Pay Themselves Back
10:21 Empowered Investor LIVE
FAIL SAFE: MAJOR BANKS SEEK NEW LIFELINE FROM THE FED. VERY IMPORTANT UPDATES!
Greg Mannarino: 1-10-2023
News, Rumors and Opinions Tuesday AM 1-10-2023
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of 10 Jan. 2023
Compiled Tues. 10 Jan. 2023 12:01am EST by Judy Byington
Global Currency Reset – what we think we know as of Tues. 10 Jan:
On 1 Jan. 2023 the World changed over to the new Quantum Financial System.
Mon. 9 Jan. Charlie Ward: “Liquidity has started and mass amounts of monies were being moved right now. …A lot of test payments have been made. …A lot was happening around the 17th -19th Jan. …This week Americans on vacation in Europe reported not being able to withdraw cash from their American Banks. …
Only 50% of banks in America were Basil compliant on Jan. 3. …This week some banks will close but you don’t need to worry because all accounts have been mirrored by the Quantum Financial System.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of 10 Jan. 2023
Compiled Tues. 10 Jan. 2023 12:01am EST by Judy Byington
Global Currency Reset – what we think we know as of Tues. 10 Jan:
On 1 Jan. 2023 the World changed over to the new Quantum Financial System.
Mon. 9 Jan. Charlie Ward: “Liquidity has started and mass amounts of monies were being moved right now. …A lot of test payments have been made. …A lot was happening around the 17th -19th Jan. …This week Americans on vacation in Europe reported not being able to withdraw cash from their American Banks. …
Only 50% of banks in America were Basil compliant on Jan. 3. …This week some banks will close but you don’t need to worry because all accounts have been mirrored by the Quantum Financial System.”
Mon. 9 Jan. MarkZ: The window opened on the 9th and goes to around the 31.st We continue to see movement on NDA’s from whales, paymasters and groups.
High Up Contact: Sun. 15 Jan. 2023 was the Deadline for all levels to be fully loaded and ready to disperse funds, including Level 5, the General Public.
High Up Contact: March 2023 was the deadline to have all countries’ currencies of the world exchanging at a 1:1 with each other – a situation expected to last up to five years.
Read full post here: https://dinarchronicles.com/2023/01/10/restored-republic-via-a-gcr-update-as-of-january-10-2023/
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Courtesy of Dinar Guru
Walkingstick [via Frank26] the word "default" might become important to us later. It basically means to go back to the original. So if you hear the CBI say the exchange rate is "default" that would be the bomb!
Frank26 Article: "Central Bank Governor: The dollar exchange rate crisis is temporary and the monetary situation is at its best" ...HERE IT IS...THE "2ND ARTICLE" FROM THE CBI! Quote: "The Governor of the Central Bank touched on the reasons for issuing a new denomination of the local currency, saying, The issuance of the new denomination is a procedure to modify the structure of banknotes and introduce an intermediate denomination that facilitates daily transactions, reduce the presence of old versions of currency denominations in circulation..."
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TNT:
CandyKisses: Former MP: The rise in the dollar is an emergency crisis, and one of its causes is American politics
Information / Baghdad ..
Member of the Strategic Planning Committee in the former Parliament, Raed Fahmy, attributed, on Tuesday, the reason for the continued rise in the exchange rate of the dollar against the dinar to several reasons, foremost of which are the audit measures taken by the Central Bank, stressing that the crisis is urgent and will go away.
Fahmy said in a statement to "Information", that "the high exchange rate of the dollar against the Iraqi dinar is linked to a political and administrative situation," noting that "the most important reason is the audit procedures carried out by the Central Bank regarding foreign transfers, and that the outlets opened by the Central Bank are not sufficient for the demand for dollar, which called on traders to go to the parallel market.
He added, "The political reason is related to the US Federal Bank's strict measures for political goals in order to put pressure on the Iranian side, and this requires Iraq to deal with Iran in Iraqi dinars," stressing that "
The prices of the US dollar recorded a new high against the Iraqi dinar on the local stock exchange, as the exchange rate passed 160 thousand dinars per 100 dollars in the latest wave of growth.
America’s Insane Debt Crisis Won’t End - The World Is Screwed
Sean Foo: 1-9-2023
The United States is about to enter a debt ceiling standoff, but it's just a show, the debt limit will be raised again and the debt crisis will get worse. Because of America's huge spending obligations, they cannot afford to default on their debt, and they have to keep borrowing more money. The debt is going to be unsustainable and inflation will not end. Here's what you must know!
Greater Depression & Insane Volatility Along The Way | David Hunter
Liberty and Finance: 1-10-2023
Contrarian macro strategist David Hunter sees a massive rally the first half of 2023, then a bust. He forecasts that in response to the crash, the Fed will expand the currency supply dramatically which will lead to inflation above 20% and a greater depression in the next decade.
More News, Rumors and Opinions Monday Afternoon 1-9-2023
DJ: DID YOU KNOW?
Supply and demand. Seems like a pretty basic concept that anyone with a semi-logical mind could comprehend. But the reality is the world runs off the concept. All commercial activity, the money supply, the work force, population growth, goods and services, the military machine, agriculture, even politics, operate off supply and demand.
Our economy and most economies globally have players, whether it’s a government or a private party, that manipulate the supply and demand for their own agenda . The concept of advertising is built around creating demand. Governments create fear thereby creating a demand for their services or their involvement.
A philosopher philosophizes what people need to hear.
DJ: DID YOU KNOW?
Supply and demand. Seems like a pretty basic concept that anyone with a semi-logical mind could comprehend. But the reality is the world runs off the concept. All commercial activity, the money supply, the work force, population growth, goods and services, the military machine, agriculture, even politics, operate off supply and demand.
Our economy and most economies globally have players, whether it’s a government or a private party, that manipulate the supply and demand for their own agenda . The concept of advertising is built around creating demand. Governments create fear thereby creating a demand for their services or their involvement.
A philosopher philosophizes what people need to hear.
A motivational speaker speaks what people want to hear.
Those who supply weapons need a war to create the demand. If they don’t have one, they create one.
It’s ultimately a balancing act. If the price goes up, people demand less of it, then the companies that make it figure out how to make more of it, and everyone tries to figure out how to produce substitutes for it. People tend to buy more at a lower price and less at a higher price.
But, people who produce goods and services tend to produce more at higher prices and less at lower prices. If too much is produced the prices go down. Problems arise when the prices fall below what it costs to produce the product.
It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others.
Greed and corrupt activity have skewed morality by not supplying what we need before supplying what we want. The world needs to understand to supply what we need first and not the wants.
I could go on and on with examples of how supply and demand affects everything. The point of bringing attention to this relates to the reality of the GCR/RV/ Historical Bond Redemption and the function of the global money supply. As we sit back and buy into all the narratives of the various Intel providers of the GCR beginning (which lately has been off the hook) keep in mind the concepts of supply and demand, it runs the world.
Injecting the vast sums being suggested into the global money supply from the GCR would create a huge imbalance in supply and demand. In a nutshell there would be too much money and not enough goods and services to buy with it.
These funds will roll out in a structured and methodical manner to allow the development of supply chains of new industries and technologies carefully balancing supply and demand so as not to collapse the global financial systems. Not a flood of capital surrounding the globe.
DJ
https://www.rumormillnews.com/cgi-bin/forum.cgi?read=214923
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Courtesy of Dinar Guru
Yada Article: "Al-Nusairi: The return of the exchange rate to its target rates will be achieved by revitalizing and stabilizing the economy." Quote: "...the most important thing is sincere and true intentions for change towards the desired economic advancement with an emphasis on supporting the banking sector as the main link first in economics" If I'm not mistaken, this dinar will still float internationally and not just in country. That will move up the price.
Clare Article: "Central Bank Governor: The dollar exchange rate crisis is temporary and the monetary situation is at its best" Quote: "...reserves of the Central Bank of Iraq and its arrival to more than 97 billion dollars...The foreign reserves index to money supply in the broad sense is high and reached 81%, which is an indicator that enhances confidence in the Iraqi dinar as a store of value, as well as preserving the value of the national currency by ensuring the stability of the exchange rate as a nominal stabilizer for inflation"
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KTFA:
Henig: CBI stresses the importance of exchanging experiences in the field of electronic payment with India
Baghdad-INA
The Central Bank of Iraq (CBI) stressed on Monday, the importance of exchanging experiences in the field of electronic payment with India.
CBI stated, in a statement received by the Iraqi News Agency (INA), that "the Governor of CBI, Mustafa Ghaleb Makhaif, received Prashant Bisai, India's Ambassador in Iraq, and during the meeting, they discussed strengthening bilateral relations, especially economic between the two countries, and providing banking services to the Iraqi community present there for the purpose of Treatment, study, trade, etc., as well as the exchange of banking expertise."
The statement added, "The efforts of CBI focus on strengthening its relations with its counterparts in various countries, and global financial and banking institutions, in a way that serves the interest of the Iraqi banking sector."
The governor stressed "the importance of achieving the exchange of experiences in terms of electronic payment and banking technologies between the two countries in particular," explaining that "India is an advanced country in this field." LINK
ALERT! US Mint Annual Report to Show Fresh Naked Shorting to Suppress the Silver Price?!
(Bix Weir) 1-9-2023
The US Mint's annual report comes out this week and I will be watching for ANOTHER huge derivative failure from Mint Director Ventris Gibson. Last year the mint lost a whopping $112M on derivatives...when the price of silver went down for the fiscal year!
If it happens again this year there can be NO DENYING that the US Mint is actively naked shorting silver to suppress the price!
Mother of all debt bombs & 9 other megathreats are looming, gold may be best protection - Roubini
Kitco News: 1-9-2023
Nouriel Roubini, CEO of Roubini Macro Associates and Professor Emeritus at NYU Stern School of Business, discusses his latest book, 'Megathreats,' as well as his outlook for 2023 and beyond. He discusses how investors can hedge against looming 'megathreats,' using commodities like gold. He spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.
0:00 - The Great Stagflation
5:57 - Recession, hard landing in 2023
9:19 - Fed pivot or pause 13:53 - Mother of all debt crises
17:16 - Markets in 2023
20:44 - Dystopia and 'Megathreats' book
26:35 - Geopolitical tensions
39:21 - Investment implications
Andy Schectman and Jim Rickards Monday 1-9-2023
U.S. Dollar Hegemony Coming to an End, Gold to Benefit: Andy Schectman
Vancouver Resources: 1-7-2023
CEO of Miles Franklin Precious Metals Andy Schectman lays out his thesis for the end of the U.S. dollar's dominance at the hands of a new BRICS nations currency.
Andy also details how this shift will benefit gold and perhaps change the face of the financial world forever.
00:00 Introduction
00:38 Tailwinds for Precious Metals in 2023
09:42 BRICS Nations Currency
17:23 Central Bank Digital Currencies
U.S. Dollar Hegemony Coming to an End, Gold to Benefit: Andy Schectman
Vancouver Resources: 1-7-2023
CEO of Miles Franklin Precious Metals Andy Schectman lays out his thesis for the end of the U.S. dollar's dominance at the hands of a new BRICS nations currency.
Andy also details how this shift will benefit gold and perhaps change the face of the financial world forever.
00:00 Introduction
00:38 Tailwinds for Precious Metals in 2023
09:42 BRICS Nations Currency
17:23 Central Bank Digital Currencies
"Central Banks Next Move Has Begun & They Haven't Moved Like This Since World War II" | Jim Rickards
Two Dollars investing: 1-9-2023
Jim Rickards sees something we all don't. Listen carefully.
News, Rumors and Opinions Monday AM 1-9-2023
“Iraq Story from a Friend” by Jesse C – 1.8.23
I wanted to share this.
My wife and I just had some friends over for lunch.
The husband is originally from Trinidad. He is a hoot. He has been everywhere I have asked him about from Nepal to my hometown in Michigan. Because of his extensive world view, I decided to ask him if he knew about the RV and owned any Dinar.
He did not, but he was not surprised by me in the slightest when I explained the RV. As you probably know from being in C.R. Trinidad is close to Venezuela. His father used to work for a Venezuelan oil company. I told him that the information that I am getting is that Iraq has 900 tons of gold that they are sitting on which would RV the Dinar to $10.
“Iraq Story from a Friend” by Jesse C – 1.8.23
I wanted to share this.
My wife and I just had some friends over for lunch.
The husband is originally from Trinidad. He is a hoot. He has been everywhere I have asked him about from Nepal to my hometown in Michigan. Because of his extensive world view, I decided to ask him if he knew about the RV and owned any Dinar.
He did not, but he was not surprised by me in the slightest when I explained the RV. As you probably know from being in C.R. Trinidad is close to Venezuela. His father used to work for a Venezuelan oil company. I told him that the information that I am getting is that Iraq has 900 tons of gold that they are sitting on which would RV the Dinar to $10.
He simply laughed at that. Not because he thought that a 10,000X for the Dinar was incredible, but because he said that Iraq probably had WAY more gold than 900 tons.
He then explained how all through the 80’s Venezuela was shipping tankers full of gold to Iraq because Saddam wanted to rebuild the Babylon “gardens”. The US Military took a small sum of Saddam’s gold, but nothing close to anything significant.
Just thought you’d think that was an interesting story.
It is not everyday that I am received; so for me this was very satisfying.
https://dinarchronicles.com/2023/01/08/iraq-story-from-a-friend-by-jesse-c-1-8-23/
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Courtesy of Dinar Guru
Walkingstick [via Frank26] Bands on the float will keep it at 1 to 1 with the American dollar but when they lift these bands the IQD will float faster and it will gain more than a 1 to 1 with the USD and all the other currencies in the basket. Pairing 1 to 1 at the onset and then as the economy of Iraq improves and grows and the education get stronger and louder and Iraqi citizens get used to using the new currency then everything will be perfect for the Iraqi citizens.
Frank26 You can't let your dinars out of your site. You cannot give your dinars to a small bank that will send them to a large bank and have it verified. If they get stolen. If they get lost. If the Brink's truck rolls over and burns up and the dinar are destroyed, they'll give you what you paid for them but they're not going to give you the exchange rate for it. It wasn't converted...God gave you these dinars as a blessing for you to be responsible and stewardship and you're learning how to do that...
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RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 9 Jan. 2023
Compiled Mon. 9 Jan. 2023 12:01am EST by Judy Byington
Global Currency Reset:
Must Watch Sat. 7 Jan. 2023 MarkZ with Charlie Ward: 7THJAN2023 (rumble.com)
Charlie Ward was contacted this weekend by six different Americans in Europe and were unable to withdraw cash from US Banks. The banks said it was a problem with the system.
Liquidity has started.
We are seeing the collapse of the New World Order in real time.
Mass amounts of money were being moved right now.
Charlie signed his last NDA on Fri. 6 Jan.
A lot was happening around the 17th -19th Jan.
Only 50% of banks in America were Basil compliant on Jan. 3.
A lot of test payments have been made.
When you are asked for your identification information (CIS) – make sure the information you put down is correct because if you tried to change it later they would put you at the end of the line.
Every single transaction at the bank has been watched for the last ten years.
Some banks will close but you don’t need to worry because all accounts have been mirrored by the Quantum Financial System.
If you don’t have the funds to get to a exchange/ redemption appointment they will verify who you are and then send you the monies so you can go to your appointment.
MarkZ: by mid month we should see a lot of things happening, or it could come as early as the next two days. I am getting reports from folks I know …so believe it to be accurate …that a lot of “TEST” transactions were occurring …TEST transfers…to make sure they have everything squared away…A lot of NDA’s are going out along with those…..more and more people are now “falling off the grid.” Meaning they will not discuss anything RV related…..because they can’t.
Bruce: On Mon. 9 Jan. or Tues. 10 Jan. Bond Holders should be able to access funds in their accounts. Mon. 9 Jan. 2023 was also the deadline for Tier 4 to be fully funded so a serious roll out could begin.
Zap: I have received very good Intel that in the week starting Mon. 9 Jan. a lot of Historic Assets will get redeemed and a lot of folks will begin their projects.
High Up Contact: Sun. 15 Jan. 2023 was the Deadline for all levels to be fully funded, including Level 5, the General Public.
High Up Contact: March 2023 was the deadline to have all countries’ currencies of the world exchanging at a 1:1 with each other – a situation expected to last up to five years.
~~~~~~~~~~~
At 12:01 am 1 Jan. 2023 the US Constitutional Republic Officially Began
Along With Implementation of the Global Quantum Financial System
Gold/Asset Backed Currencies of 209 Countries To Eventually Trade at a 1:1 with Each Other
Read Full post here: https://dinarchronicles.com/2023/01/09/restored-republic-via-a-gcr-update-as-of-january-9-2023/
Earth Alliance & Patriot News for January 5th, 2023
Saving the World, Matthew Ward Message: Escalating Activity
Matthew Ward Message: Escalating Activity Excerpts:
“We have been asked what NESARA/GESARA is, also when it will be implemented, and we don’t know the answer to “when.” To briefly explain, the United States legislation, National Economic Security and Reformation Act, has two primary provisions and both are complex.
The first, establishing the sovereign republic the founders intended, requires abolishing the current government.”
“The second primary provision forms a new global economy—that is why G was added to NESARA—and ends current forms of banking, lending, stock markets and currency trading the Illuminati established so they could amass fortunes. Headway is being made to obtain those funds, which were acquired illegally and immorally, so they can be used to end impoverishment worldwide.
This provision also will end the Federal Reserve System—it has nothing at all to do with “federal”—and its collection arm, the Internal Revenue Service. The “Feds” are a consortium of bankers whose influence spans the globe like an octopus with a thousand arms. In the new system, all national currencies will be based on precious metals, thereby leveling the global economic playing field.
Although we can’t give you a timeframe for the implementation of those provisions, with everything in acceleration mode and vibratory levels continuing to rise, all benevolent changes are coming closer. Your confidence and patience will be rewarded!”
“The new global economic system will stabilize all national economies, and as for education, the economic, institutional and cultural standards that have disadvantaged so many children will be undergoing numerous changes. All levels will be structured so that children are accommodated according to their interests, talents, skills and abilities, and cost will not be an issue from pre-school throughout post graduate.”
Source: Operation Disclosure Official
More News, Rumors and Opinions Sunday Afternoon 1-8-2023
TNT:
TishWash: The Governor of the Central Bank meets a number of managers of banks and exchange companies
On Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met with the heads of boards and delegated directors of a number of banks and exchange companies.
According to a statement by the bank, the meeting comes "to define work priorities and directions that serve the Iraqi economy and the banking sector, and work requirements according to the platform mechanism that implements money transfers for the benefit of bank customers according to it, and regulates the foreign trade sector in a legal manner."
He called on those working in the banking sector to "improve their business and serve their customers in accordance with the directives of the Central Bank in creating a real banking sector," adding that "the success of banks and non-bank financial institutions is a success for the Central Bank and a contribution to the state's march to overcome the remarks that this bank made on it."
Makhaif listened to "a number of remarks and proposals that will contribute to raising the performance of the banking sector in general." link
TNT:
TishWash: The Governor of the Central Bank meets a number of managers of banks and exchange companies
On Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met with the heads of boards and delegated directors of a number of banks and exchange companies.
According to a statement by the bank, the meeting comes "to define work priorities and directions that serve the Iraqi economy and the banking sector, and work requirements according to the platform mechanism that implements money transfers for the benefit of bank customers according to it, and regulates the foreign trade sector in a legal manner."
He called on those working in the banking sector to "improve their business and serve their customers in accordance with the directives of the Central Bank in creating a real banking sector," adding that "the success of banks and non-bank financial institutions is a success for the Central Bank and a contribution to the state's march to overcome the remarks that this bank made on it."
Makhaif listened to "a number of remarks and proposals that will contribute to raising the performance of the banking sector in general." link
Tishwash: Central Bank Governor: The dollar exchange rate crisis is temporary and the monetary situation is at its best
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, confirmed that the bank has taken a series of measures that enhance monetary stability and push for the return of exchange rates to normal, while noting that the bank has sufficient reserves until February 2024, “which is a very sufficient period to correct imbalances in the balance.” Payments in case Iraq's imports are exposed to any imbalances.
"The dollar exchange rate crisis is a temporary crisis resulting from internal and external factors that coincided with the end of the year," Makhaif said in an interview with "Al-Jazeera Net" and followed by "Al-Iqtisad News", speaking about the causes of the dollar crisis that Iraq recently witnessed and the measures taken by the bank to reduce it.
He added, "The Iraqi Central Bank has taken a series of measures that enhance monetary stability and push for the return of exchange rates to normal, including: allowing banks to participate in the window for buying and selling foreign currency to be used for external transfer, and working to facilitate procedures for obtaining dollars through banks, and facilitating Financing private sector trade and meeting the demand for foreign transfers by strengthening bank balances with their correspondents in other currencies.
He pointed out that "a series of measures to limit this crisis went to reduce the selling price of the dollar to the beneficiary (the card holder) who uses it while traveling or pays his purchases via the Internet at a price of 1465 dinars per dollar."
He went on to say, "The monetary situation in Iraq is at its best, and there is no need for that crisis that has caused fears of public opinion, just as the situation in Iraq is much better than that of other countries."
He spoke about the repercussions of the rise in the reserves of the Central Bank of Iraq and its arrival to more than 97 billion dollars on the Iraqi economy, saying that "there are several repercussions, including: defending the national currency exchange rate against foreign currencies and maintaining coverage of imports for a period of more than 6 months, as he was able to The central bank has built a cover for imports for a period of more than 17 months at the end of the third quarter of 2022, meaning that the central bank has sufficient reserves until February 2024, which is a very sufficient period to correct imbalances in the balance of payments in the event that Iraq's imports are exposed to any imbalances.
He continued, "The foreign reserves index to money supply in the broad sense is high and reached 81%, which is an indicator that enhances confidence in the Iraqi dinar as a store of value, as well as preserving the value of the national currency by ensuring the stability of the exchange rate as a nominal stabilizer for inflation."
He added, "There are other benefits that come from increasing the volume of reserves with the central bank, including: an indicator of the strength and flexibility of monetary policy, and the reserves can also contribute to raising the indicators of creditworthiness of Iraq with international rating institutions."
The Governor of the Central Bank touched on the reasons for issuing a new denomination of the local currency, saying, “The issuance of the new denomination is a procedure to modify the structure of banknotes and introduce an intermediate denomination that facilitates daily transactions, reduce the presence of old versions of currency denominations in circulation, and adopt modern security specifications in designing the denomination.” new technologies to reduce counterfeiting, especially since counterfeiting methods have developed thanks to technological development link
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Courtesy of Dinar Guru
Walkingstick [via Frank26] Bands on the float will keep it at 1 to 1 with the American dollar but when they lift these bands the IQD will float faster and it will gain more than a 1 to 1 with the USD and all the other currencies in the basket. Pairing 1 to 1 at the onset and then as the economy of Iraq improves and grows and the education get stronger and louder and Iraqi citizens get used to using the new currency then everything will be perfect for the Iraqi citizens.
Paulette Many try to compare Vietnam and Iraq when evaluating the currency. Most of these comparisons are flawed: "...Vietnam has a very low rate and their economy is one of the fastest growing..." This is a totally irrelevant comparison. The rate is not the issue. The issue is IMF Article 8 Compliance. This allows Freedom of Movement of capital in and out of the country. Vietnam has been officially acknowledged to be Article 8 compliant, Iraq has not. Additionally, the CBI has clearly stated their intent to implement the "Delete the Zeros" project. Vietnam has not made any such claims. Bottom line, comparing Iraq and Vietnam due to their low currency value is like comparing Apples to Oranges...
MARKETS A LOOK AHEAD: Fed. To VASTLY INCREASE OFF-BALANCE SHEET ASSET PURCHASES.
Greg Mannarino: 1-8-2023
Central Banks Haven't Done This Since Before 1971
Heresy Financial: 1-8-2023
Central banks bought more gold in 2022 than they have since 1967 - just 4 years before the last remnant of the gold standard was ended and gold embarked on its biggest bull run in history. They are doing this for a number of reasons, including unstable currencies, inflation, and fear of sanctions from the dollar. It's only a matter of time before the price of gold goes up significantly again.
News, Rumors and Opinions Sunday AM 1-8-2023
KTFA:
Clare: No agreement with the region.. Expectations to settle the draft budget for 2023
01/08/2023
Parliamentary circles are leaking conflicting information regarding the fate of the draft budget for the year 2023, at a time when the negotiations of the delegations of the Kurdistan region are in place regarding the region's share of it.
The government has completed the draft budget law, and it will be sent to parliament in conjunction with the start of the second legislative term, which will start its work on the ninth of this month, for the purpose of discussing and approving it," Ali Turki, a representative of the Fatah parliamentary bloc, said in a press statement.
Turki added, "Confirmed information we obtained indicates that the Sudanese government has fully completed the draft budget law for the current year," noting that "the government, in turn, will send the draft law to the House of Representatives for the purpose of discussion and approval."
KTFA:
Clare: No agreement with the region.. Expectations to settle the draft budget for 2023
01/08/2023
Parliamentary circles are leaking conflicting information regarding the fate of the draft budget for the year 2023, at a time when the negotiations of the delegations of the Kurdistan region are in place regarding the region's share of it.
The government has completed the draft budget law, and it will be sent to parliament in conjunction with the start of the second legislative term, which will start its work on the ninth of this month, for the purpose of discussing and approving it," Ali Turki, a representative of the Fatah parliamentary bloc, said in a press statement.
Turki added, "Confirmed information we obtained indicates that the Sudanese government has fully completed the draft budget law for the current year," noting that "the government, in turn, will send the draft law to the House of Representatives for the purpose of discussion and approval."
He explained, "The 2023 budget will translate the government program in the files of health, electricity, investment and infrastructure," noting that "it is not ready to be referred to parliament."
Suleiman attributed the reasons for its lack of readiness "for discussion and approval, summed up in the fact that it needs to prepare paragraphs, including the region's share, the exchange rate, and infrastructure allocations." LINK
Margarita: Thanks Clare! It shows up the moron gurus that say the Exchange Rate isn’t in the budget- It is...as we can see in this article.
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Henig: The volume of trade exchange for Iraq mostly with four major countries in the year 2022
Baghdad / NINA / The trademap website, which provides a trade map for countries for exports and imports, considered that Iraq's trade exchange was mostly with four major countries in the year 2022.
The website said in its statistics that "China, Iran, Turkey and the United Arab Emirates were the countries that exchanged the most trade with Iraq during the year 2022," noting that "the exchange with these countries ranged between 20-50%."
It added, "India, Saudi Arabia, South Korea, the United States, Germany and Italy were the countries that ranked second in trade exchange with Iraq, with a rate ranging between 1-5 percent."
It pointed out that "Egypt, Russia, Australia, Canada, most European countries, Brazil and most Asian countries, including Japan, ranked third in trade exchange with Iraq, at a rate of 1%." LINK
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Courtesy of Dinar Guru
Walkingstick [via Frank26] The announcement is about timing - concerning the new exchange rate. I wonder if the CBI governor will even make it through that time period...he's got to do his job... Article: "A source reveals behind the scenes of the news that talked about the dismissal of the governor of the Central Bank"
Mnt Goat Iraq started the process of joining the WTO 18 years ago...the process was delayed due to corruption in Iraq... due to political and economic instability this was stalled until 2017...Since then, the fast-tracking process is underway...Iraq has made considerable progress in this front...They must be VERY close to full membership...I will say that I believe the WTO is also going to push that Iraq reinstate the IQD back on FOREX and relieve Iraq of all sanctions on their currency... Iraq was supposed to be already reinstated on FOREX, as Dr. Shabib wanted to do back in January 2013.
"Next Fed Move Forces All US Banks To Go Bankrupt, Gold & Silver To Rise & Cash To..." | Rick Rule
Two Dollar Investing: 1-8-2023
Massive Escalation - This Economic Apocalypse Won’t End
Sean Foo: 1-8-2023
The Russia-Ukraine conflict has escalated once again. Russia has sent out a frigate armed with hypersonic missiles into the Atlantic while the West is sending armored vehicles to Ukraine.
This is going to make the conflict worse and the financial fallout is going to be devasting for the world economy. This could very well push the world into a deep recession.
Timestamps & Chapters:
0:00 Things Are Escalating!
1:52 Crazy Deficit Spending Won't End
4:25 Russia's Inflation Strategy
6:59 The Fed Is Trapped
9:31 Escaping Treasuries
11:31 The Pain Is Not Over Yet
More News, Rumors and Opinions Saturday PM 1-7-2023
TNT:
CandyKisses: Gold makes third consecutive weekly gain
llow-up - Mawazine News
Gold prices rose, at the end of the week, achieving the third Straight weekly gains, after US jobs report reduced concerns about Raising interest rates in America.
The price of gold at settlement, about 1865.69 dollars per ounce, up about 2.3 percent for the week.
U.S. jobs data showed that Employers added 223,000 jobs in December, more than experts had expected. Wages grew slightly less than expected.
Federal Reserve Fund futures traders boosted Their bets that the Fed will raise interest rates by 25 basis points at the end of its meeting which lasts two days on the first of February after the release of jobs data.
TNT:
CandyKisses: Gold makes third consecutive weekly gain
llow-up - Mawazine News
Gold prices rose, at the end of the week, achieving the third Straight weekly gains, after US jobs report reduced concerns about Raising interest rates in America.
The price of gold at settlement, about 1865.69 dollars per ounce, up about 2.3 percent for the week.
U.S. jobs data showed that Employers added 223,000 jobs in December, more than experts had expected. Wages grew slightly less than expected.
Federal Reserve Fund futures traders boosted Their bets that the Fed will raise interest rates by 25 basis points at the end of its meeting which lasts two days on the first of February after the release of jobs data.
The Federal Reserve raised interest rates by 50 basis points in Its December meeting, after four consecutive increases of 75 basis points.
A few U.S. central bank officials confirmed Thursday past their commitment to fight to bring inflation down to the target of two percent, But St. Louis Federal Reserve Chairman James Bullard said 2023 had There has finally been some relief in the fight against inflation.
High interest rates reduce the metal's attractiveness. Yellow represents a hedge against inflation but does not generate a return.
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Courtesy of Dinar Guru
Walkingstick [via Frank26] the 3-zeros are going to drop gradually as the IQD floats internationally. You will see the exchange rate go from .000 to .00 to .0 to . - that's the float.
Bruce [via WiserNow] We hope that the intel that we're getting now and we've got it from several sources, we've got it from sources with from Wells Fargo, Citibank, we've got it saying that we're going to start these exchanges on Tuesday...And that's what I believe.
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From Recaps Archives:
NY TIMES (Kuwait RV): Published: March 25, 1991
It still has no water and little electricity or food, but Kuwait revived its banking system today, introducing a new currency......Banks reopened for the first time since Iraqi occupation forces shut them down in December.
Thousands of people lined up to exchange their old Kuwaiti dinars for crisp new ones and to withdraw a limited amount of money.....The Central Bank is canceling the value of Kuwaiti dinars that were seized from the Central Bank and put into circulation by the Iraqis.
The invalid serial numbers were posted today in front of all banks in the city....All other old dinars can be exchanged for new ones on a one-to-one rate until May 7, when the old dinars become invalid.
The new official exchange rate is 3.47 American dollars for one new Kuwaiti dinar.
From March 18, 1975 to January 4, 2003 the dinar was pegged to a weighted currency basket. From January 5, 2003 until May 20, 2007, the pegging was switched to 1 U.S. dollar = 0.29963 dinar with margins of ±3.5%.[2] The central rate translates to approximately 1 dinar = 3.33745 dollars. From June 16, 2007, the Kuwaiti dinar was re-pegged to a basket of currencies,[3] and is now worth about US$3.609 (€2.686). It is the world's highest-valued currency unit
Silver Will Soar In Q3, Q4 As Fed Pivots | Craig Hemke
Liberty and Finance: 1-7-2023
The Fed is driving the economy in the ditch, says Craig Hemke, founder of TF Metals Report. By summer 2023, silver and gold will sense a Fed reversal is inevitable, he says.
This year should be a wild ride for the economy and metals.
INTERVIEW TIMELINE:
0:00 Intro
3:22 2023 forecast
6:10 Buying opportunity?
9:32 Fed QE
12:13 Geopolitical wildcards
15:35 Fed reversal
19:43 Patience needed
Algeria JUST ANNOUNCED A New MASSIVE Oil And Gas Discovery In The Sahara That Is A GAME CHANGER!
Tech Revoluti on: 1-7-2023
Algeria's state-owned company has found a large amount of natural gas in the Sahara Desert worth 12 trillion cubic feet. And this is the biggest discovery in Algeria in the last 20 years. In 2021, Algeria was the third largest supplier of natural gas to Europe.
The country produced over 100 billion cubic meters of natural gas that year, which is about 24% more than the previous year.
Algeria's natural gas production increased by about 20.6 billion cubic meters between 1998 and 2021. In addition, it reached its highest level in 2021. And now, experts think this is an incredibly massive gas discovery and extracting it could send shockwaves all around the world!