Ariel Thoughts on China's Evergrande News 1-28-2024
China Evergrande ordered to liquidate by Hong Kong court
Jan. 28 – REUTERS
A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send RIPPLES through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis.
MARKET REACTION:
Trading in shares of China Evergrande, China Evergrande New Energy Vehicle Group (0708.HK), opens new tab, and Evergrande Property Services (6666.HK), opens new tab was halted. The benchmark Hang Seng Index (.HSI), opens new tab was up 1.2%.
China Evergrande ordered to liquidate by Hong Kong court
Jan. 28 – REUTERS
A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send RIPPLES through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis.
MARKET REACTION:
Trading in shares of China Evergrande, China Evergrande New Energy Vehicle Group (0708.HK), opens new tab, and Evergrande Property Services (6666.HK), opens new tab was halted. The benchmark Hang Seng Index (.HSI), opens new tab was up 1.2%.
COMMENTARY:
LANCE JIANG, RESTRUCTURING PARTNER, ASHURST
“The market will pay close attention to what the liquidators can do after being appointed, especially whether they can achieve recognition from any of the three designated PRC courts under the 2021 Arrangement regarding Cooperation on Cross-border Insolvency Cases between the Mainland and the Hong Kong SAR. The liquidators will have very limited powers of enforcement over onshore assets in mainland China if they cannot get such recognition.
“If Evergrande is put into bankruptcy administration by a PRC court, international investors will need to see whether the PRC court-appointed administrator can work with the liquidators appointed by the Hong Kong court to achieve a transparent, cooperative and fair restructuring or liquidation of Evergrande.”
CHRIS BEDDOR, DEPUTY DIRECTOR OF CHINA RESEARCH, GAVEKAL DRAGONOMICS, HONG KONG
“Evergrande is a unique case in many respects, but it does underscore that the overall situation for property developers has not meaningfully improved in recent months. In fact, the industry continues to worsen in some ways, such as sales revenue.
“There’s also a fairly clear transmission mechanism for how this impacts the mainland market: homebuyer sentiment. Potential homebuyers are still deeply reluctant to buy presold homes from troubled developers, and we see that reflected in the data.
“This certainly won’t help the sentiment problem.”
FERN WANG, SENIOR RESEARCHER, KT CAPITAL GROUP, HONG KONG
“The ruling should only have limited short-term implications to investor sentiment as it is long in the making. Evergrande’s liquidation ruling should not preclude other troubled property developers from reaching an agreement with their creditors. Developers just need to show that they are willing to work with creditors to come up with a fair and feasible restructuring plan. Sunac, another major troubled developer, managed to reach a restructuring plan with its creditors at the end of last year, showing that it is something doable.
CAI HONGFEI, PROPERTY ANALYST, CENTRAL WEALTH SECURITIES
“I think the impact is limited. Evergrande no longer has ability to operate. It cannot solve its own problem, so has no other choice but liquidation. And the boss has been arrested. Evergrande is a special case.”
Read full article here: https://dinarchronicles.com/2024/01/28/china-evergrande-group-ordered-to-liquidate-by-hong-kong-court/
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Ariel: Breaking News: Do you know what this means for Hedge Funds & Big Banks?
Do you know what this means for your new economy?
Do you know what this means for the 1871 US Corp?
Do you know what this means for the Rothschilds banking system?
Do you know what this means for the fiat USD?
Do you know what this means for warmongering aristocrats?
Do you know what this means for the Federal Reserve?
Do you know what this means for the IRS?
Do you know what this means for the new Republic?
Do you now understand what I told you when your freedom starts with the collapse of the fiat dollar?
Do you now understand why Iraq had been waiting to release the new exchange rate?
News, Rumors and Opinions Monday AM 1-29-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts of the Restored Republic via a GCR: Update as of Mon. 29 Jan. 2024
Compiled Mon. 29 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sat. 27 Jan. MarkZ: From the bond side the majority of my Bond folks are expecting things to happen the last two days of the month …so that is next Tues and Wed.
Sun. 28 Jan. Wolverine: I know I’ve been told to be quiet but I’m allowed to share things are have already been discussed before and allow me to refresh your memory. The paymasters have (allegedly) received the money days ago.1% will be paid out this week (please stay grounded). Bonds will be (allegedly) paid out first which then triggers the 4B to go. All this (allegedly) needs to go before the end of this month. Just stay grounded and have faith that this is coming. God bless
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts of the Restored Republic via a GCR: Update as of Mon. 29 Jan. 2024
Compiled Mon. 29 Jan. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sat. 27 Jan. MarkZ: From the bond side the majority of my Bond folks are expecting things to happen the last two days of the month …so that is next Tues and Wed.
Sun. 28 Jan. Wolverine: I know I’ve been told to be quiet but I’m allowed to share things are have already been discussed before and allow me to refresh your memory. The paymasters have (allegedly) received the money days ago.1% will be paid out this week (please stay grounded). Bonds will be (allegedly) paid out first which then triggers the 4B to go. All this (allegedly) needs to go before the end of this month. Just stay grounded and have faith that this is coming. God bless
Fri. 26 Jan. Wolverine Chat Room: “People are wondering what is going on. Many are saying things are not going to start, till Feb or longer and that is not so. Things are happening. Now in The Pentecostal group, ONE of the leaders has(allegedly) distributed the blessing to its members. He made that announcement on a radio broadcast in Colombia and everyone in that particular group was paid about an hour or so ago! This is Good news!
We are also getting good news that today may (allegedly) be the day we are waiting for. There is still time for me to receive the announcement for bonds to be released, and then I will release the Opera. I will not wait for Tier4b, because once bonds go then Tier 4b will go very soon.
It seems the Pentecostal group was the(allegedly) lynchpin to start the bond payments, it has more than 3 million members. It has happened. That leader has about 80 thousand members, and it has started guys. It is done, and people have been blessed. I just wanted to say this to you guys that it has started. What was told me to yesterday, again, was this” Wolvie nothing is going to stop it now! This needs to be finished before the end of the month. Some whales will be paid hopefully by Monday Please try to relax, it is coming. This news is coming from people who are actually doing this. Love you guys! Remain in faith to God that we are going to be receiving this blessing very soon. Wolverine.
The gold-backed US Dollar was (allegedly) introduced from Reno on Thurs. 25 Jan. at 4:47 am.
All 86 Global Currency Reset platforms were(allegedly) loaded with monies and launched on Fri. 26 Jan.
Anywhere from Sat. 27 Jan. through Tues. 30 Jan. Tier 4b (us, the Internet Group) would be (allegedly) receiving emails that say how to set currency exchange and Zim Bond redemption appointments.
There were (allegedly) 400,000 of those emails that would go out in groups during a 18 hour period.
Payouts would be given first to governments, then businesses, then individuals.
The payment runs of first Zimbabwe Blue and Derivatives would(allegedly) begin on Mon. 29 Jan. at 9am EST.
All banks will (allegedly) begin to pay at the same time.
Tier4b appointments will run(allegedly) until Thurs. 15 Feb. 2024.
Global Financial Crisis:
Sun. 28 Jan. A Hong Kong judge has ordered the Cabal’s and the World’s largest real estate company, Evergrande, to liquidate. The dominos have already started to fall. https://news.yahoo.com/finance/news/embattled-china-evergrande-back-court-231318890.html
Read full post here: https://dinarchronicles.com/2024/01/29/restored-republic-via-a-gcr-update-as-of-january-29-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Sandy Ingram The financial World buzzing... Iraq is now making headlines with its own investment fund the AFC Iraq fund managed by Asia Frontier Capital limited has emerged as the top performing long only unleveraged actively managed generalist Equity Fund in the world in 2023 boasting a net performance of over 110%. This remarkable feat can be attributed to the funds investment strategy that focuses on long-term drivers of the transformation of the Iraqi economy...Iraq's investments in streams of income outside of the oil industry goes a long way in helping the country to gain economic stability and to increase the value of their currency.
Imperator I would like clarify the term “Delete the Zeros”. Some Gurus think it means drop the zeros off of the notes. Other Gurus think it means drop the three zeros off the EXCHANGE RATE. The first one is a lateral move, no gain in purchasing power and is only accepted by the world community in cases of runaway inflation. The second one is a real change in the value of the a currency greatly benefiting the currency holders. This is only accepted by the world community when there is a consensus that the currency is undervalued. Draw your own conclusions.
A Market Shockwave Threatens to Send Stocks Crashing, Get Ready For Panic
Atlantis Report: 1-29-2024
The world is facing a looming financial crisis that could dwarf the 2007-09 global meltdown, yet hardly anyone is talking about it. This crisis is not caused by subprime mortgages, derivatives, or excessive leverage but by something much more fundamental and pervasive: the retirement crisis. The retirement crisis that looms on the horizon may be the most significant challenge of our time, yet its silent march remains largely unnoticed.
It's time to break the silence, to confront the harsh realities of retirement insecurity, and to chart a course towards a more stable and equitable future for all. market, too, stands at a precipice, teetering on the brink of a potential crisis.
It's Planned: Tank Entire Credit System | Bill Holter
It's Planned: Tank Entire Credit System | Bill Holter
Liberty and Finance: 1-24-2024
The M2 money supply is decreasing. The last time we saw a this dramatic decrease in M2 was before the Great Depression, says Bill Holter, former Wall St manager and founder of BillHolter.com.
This decline "is death to the credit markets." The credit market collapses and "that's how you'll own nothing."
He expects the government will roll out a Central Bank Digital Currency (CBDC) amid such a crisis. No bank is safe, he says, because the value of currency itself is at stake.
It's Planned: Tank Entire Credit System | Bill Holter
Liberty and Finance: 1-24-2024
The M2 money supply is decreasing. The last time we saw a this dramatic decrease in M2 was before the Great Depression, says Bill Holter, former Wall St manager and founder of BillHolter.com.
This decline "is death to the credit markets." The credit market collapses and "that's how you'll own nothing."
He expects the government will roll out a Central Bank Digital Currency (CBDC) amid such a crisis. No bank is safe, he says, because the value of currency itself is at stake.
More News, Rumors and Opinions Sunday Afternoon 1-28-2024
TNT:
CandyKisses: 16 MasterCard Cards Seized In The Possession Of A Traveler Who Tried To Smuggle Them Through Baghdad Airport
The Baghdad International Airport Crossing Directorate was able to arrest an Iraqi passenger in possession of 16 hidden MasterCard cards without declaring them.
The seizure was carried out in cooperation with the airport customs center and the customs police through a thorough inspection.
A joint committee was formed, a seizure report was organized, and the accused was referred to the Baghdad Airport Police Station to take appropriate legal measures.
TNT:
CandyKisses: 16 MasterCard Cards Seized In The Possession Of A Traveler Who Tried To Smuggle Them Through Baghdad Airport
The Baghdad International Airport Crossing Directorate was able to arrest an Iraqi passenger in possession of 16 hidden MasterCard cards without declaring them.
The seizure was carried out in cooperation with the airport customs center and the customs police through a thorough inspection.
A joint committee was formed, a seizure report was organized, and the accused was referred to the Baghdad Airport Police Station to take appropriate legal measures.
CandyKises: Egypt operates a trade line with Iraq and Jordan to transport goods to Europe and America
The Egyptian Ministry of Transport has operated the first phase of the Arab integrated multimodal logistics trade line between Egypt, Jordan and Iraq, to serve the transport of goods in the Gulf countries to the ports of European and American countries.
Goods pass through the connection between the ports of Aqaba and Nuweiba on the Gulf of Aqaba, including by land - currently - through Sinai through the Nuwayba road, and from there to the ports of Al-Arish, East Port Said, Damietta and Alexandria, which is the land part of the Taba Al-Arish Logistics corridor, in order to exploit direct maritime services between Egyptian, European and American ports, through the Egyptian Ministry of Transport in cooperation with the Iraqi and Jordanian ministries of transport.
Goods are transported through trucks from Iraq and Jordan to the port of Aqaba in Jordan, then the trucks cross freely inside the ships to the port of Nuweiba, then by land through the Nuweiba road, the tunnel passing through Sinai to reach the ports of East Port Said, Damietta and Alexandria, and then shipped in ships to European and American ports.
The Taba-Al-Arish - Bir Al-Abd Railway - Al-Fardan Railway is being constructed with a length of 500 kilometers, to increase the volume of goods targeted for transport from the Gulf, Iraq, Jordan and Jordan to Europe and America within the second phase of the integrated Arab Trade Line, and trucks in the ports of Nuweiba and Taba will be replaced by railway trains, which increases goods through railway lines that connect with all Egyptian ports.
It was operational at the beginning of January 2024, as Egypt amended all the necessary customs legislation to facilitate and increase direct international transit movement through the Egyptian state through the infrastructure of ports and road and railway networks. The Egyptian Ministry of Transport also joined the "Tir" and "Vinna 1968" agreements, which facilitate the entry of foreign trucks to cross inside Egyptian territory in the shortest possible time.
The line is the fastest in arrival time, the least expensive and the easiest in procedures and opportunities, and it also contributed to the link between Jordan, Iraq and the Gulf countries, through the Nuweiba seaport to the Egyptian ports overlooking the Mediterranean Sea and from there to the European market.
For his part, the Egyptian Minister of Transport, Lieutenant General Kamel Al-Wazir, confirmed, according to the Egyptian Day Seven, that the operation of this line came based on coordination between the Egyptian Ministry of Transport and the Jordanian and Iraqi ministries of Transport through the strategic partnership with the Arab Bridge Shipping Company. Its operation also comes in light of the directives of President Abdel Fattah Al-Sisi, President of the Republic, to transform Egypt as a center for global trade and logistics, and the implementation by the Ministry of Transport, an integrated plan for the development and development of international multimodal transport hubs (land - railway - river - sea) and within the framework of the Taba- Al-Arish logistics corridor, which is currently being implemented within 7 integrated international development corridors.
https://mawazin.net/Details.aspx?
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 IMO a lot of promises were made by Sudani in Davos. Today Sudani uses more new words to describe to the citizens that the time to wait for the reinstatement of their currency and new exchange rate is shorter than it's ever been before. It's shorter than a step stool with the legs of a corgi dog...these are exciting times.
Pimpy 90% of Iraq's exports are in oil... Remember Iraq wants to be competitive in the trade market. Increases in their exchange rate would cause the items they are exporting to go up in cost. Since 90% of the exports is oil, this is different...An increase in Iraq's exchange rate could lead to a stronger Iraqi dinar relative to other currencies. This would mean for each unit of oil sold, Iraq would receive more foreign currency.
MARKETS A LOOK AHEAD: Banks Are In Trouble! YOU CAN EXPECT ANOTHER MAJOR BAILOUT!
Greg Mannarino: 1-28-2024
Economic Ice Age Begins: Panic Selling In China Triggers Stock Market & Yuan Crash
Atlantis Report: 1-28-2024
From a real estate crisis and deflationary pressures to rising debt, a declining birth rate, and geopolitical tensions, a major economic landscape is undergoing a seismic shift. As they contend with these issues, the global economy braces for the ripple effects of this economic downturn, questioning not 'if' but 'when' the impact will be felt worldwide.
"Tidbits From TNT" Sunday 1-28-2024
TNT:
Tishwash: Trade: Opening two marketing centers in Baghdad and a plan to establish marketing centers in all governorates
The General Company for Foodstuff Trade in the Ministry of Commerce announced today, Sunday, the opening date of two marketing centers in Baghdad, which will be opened during the holy month of Ramadan. It is expected that these two centers will be “hypermarkets,” and their locations will be determined on the Karkh and Rusafa sides of the capital.
The company's general manager, Lama Al-Moussawi, in an interview with the official agency, followed by NRT Arabia, indicated that a plan has been drawn up to establish marketing centers in all governorates, which will be opened successively, and that at least one marketing center will be opened in each governorate.
She explained that the number of food marketing centers in Baghdad will reach 4, while the number of central markets will reach 3, indicating that a series of marketing markets will be opened during the year 2024 in Baghdad and the governorates, respectively. link
TNT:
Tishwash: Trade: Opening two marketing centers in Baghdad and a plan to establish marketing centers in all governorates
The General Company for Foodstuff Trade in the Ministry of Commerce announced today, Sunday, the opening date of two marketing centers in Baghdad, which will be opened during the holy month of Ramadan. It is expected that these two centers will be “hypermarkets,” and their locations will be determined on the Karkh and Rusafa sides of the capital.
The company's general manager, Lama Al-Moussawi, in an interview with the official agency, followed by NRT Arabia, indicated that a plan has been drawn up to establish marketing centers in all governorates, which will be opened successively, and that at least one marketing center will be opened in each governorate.
She explained that the number of food marketing centers in Baghdad will reach 4, while the number of central markets will reach 3, indicating that a series of marketing markets will be opened during the year 2024 in Baghdad and the governorates, respectively. link
Tishwash: Al-Sudani directs that the official working hours end at two o’clock in the afternoon tomorrow, Monday
To support the national team...a government decision to reduce official working hours tomorrow
The Prime Minister, Muhammad Shiaa Al-Sudani, decided today, Sunday, to end the official working hours in all official institutions tomorrow, Monday, at 2 p.m., with the aim of giving employees the opportunity to support the national team in its match against the brotherly Jordanian team in the Asian Nations Cup.
The General Secretariat of the Council of Ministers stated in a statement, a copy of which was received by NRT Arabic, that the Iraqi Prime Minister issued this decision with the aim of encouraging employees to support the national team and participate in supporting it during its important match in the continental championship, announcing that the end of work will be at two o’clock in the afternoon.
The statement concluded with the Prime Minister's wishes for the national team to achieve success in its match, expressing his hope that the team will continue to shine and achieve victory in its journey in the tournament until the end. link
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Tishwash: Baghdad hosts the Iraqi-Jordanian Economic Integration Forum
The Ministry of Commerce announced, on Saturday, the completion of procedures for hosting the activities of the Iraqi-Jordanian Economic Forum next Monday and Tuesday, in the presence of economists, businessmen, industrialists, and Iraqi and Jordanian government institutions.
The ministry’s official spokesman, Muhammad Hanoun, said in a statement, a copy of which was received by {Al-Furat News}, that “the capital, Baghdad, will host the activities of the Iraqi-Jordanian Economic Forum next Monday and Tuesday in the presence of economists, businessmen, industrialists, and Iraqi and Jordanian government institutions, to discuss ways to advance cooperation and economic integration between the two countries.” “In order to enhance economic relations and achieve integration and cooperation in various fields.”
He added, "The forum, which is being held under the auspices of the Minister of Commerce, Atheer Daoud Al-Ghurairi, and is attended by Iraqi and Jordanian economic figures representing the public and private sectors in the two countries, aims to strengthen economic relations between the two countries, address business obstacles, and develop treatments and solutions for them in a way that strengthens relations and achieves integration between these institutions to achieve" Cooperation and increasing the volume of trade and economic exchange.” link
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Tishwash: Operating the first phase of the integrated Arab trade line between Egypt, Jordan and Iraq
The Egyptian Ministry of Transport has operated the first phase of the Arab Integrated Multimodal Logistics Trade Line between Egypt, Jordan and Iraq, to serve the transport of goods in the Gulf countries to the ports of European and American countries.
The goods pass through the link between the ports of Aqaba and Nuweiba on the Gulf of Aqaba, and from there by land - currently - through Sinai through the Nuweiba Tunnel Road, and from there to the ports of Al-Arish, East Port Said, Damietta and Alexandria Al-Kabeer, which is the route that represents the land part of the Taba Al-Arish logistical corridor, in order to be exploited for services.
Direct sea ports between Egyptian, European and American ports, through the Egyptian Ministry of Transport in cooperation with the Iraqi and Jordanian Ministries of Transport.
The goods are transported via trucks from Iraq and Jordan to the port of Aqaba in Jordan, then the trucks cross by sea inside ships to the port of Nuweiba, then by land through the Nuweiba tunnel road passing through Sinai to reach the ports of East Port Said, Damietta, and Alexandria, then they are shipped on ships to European and American ports.
The Taba-Arish-Bir al-Abd-Al-Fardan railway line, with a length of 500 km, is being constructed to increase the volume of goods intended to be transported from the Gulf, Iraq and Jordan to Europe and America within the second phase of the integrated Arab trade line. Trucks in the ports of Nuweiba and Taba will be replaced by railway trains. This increases the volume of goods via railway lines, which connect with all Egyptian ports.
It was put into operation at the beginning of January 2024, as Egypt amended all the necessary customs legislation to facilitate and increase direct international transit movement through the Egyptian state through the infrastructure of ports, road and railway networks, and the Egyptian Ministry of Transport also joined the “TIR” and “VINA 1968” agreements. Which facilitates the entry of foreign trucks to cross within Egyptian territory in the shortest possible time.
The line is considered the fastest in arrival time, the least expensive, and the easiest in procedures and opportunities. It also contributed to linking Jordan, Iraq, and the Gulf states, through the Nuweiba sea port to the Egyptian ports overlooking the Mediterranean Sea and from there to the European market.
For his part, the Egyptian Minister of Transport, Lieutenant General Kamel Al-Wazir, confirmed, according to the Egyptian Youm Al-Sabea, that the operation of this line came based on coordination between the Egyptian Ministry of Transport and the Jordanian and Iraqi Ministries of Transport through the strategic partnership with the Arab Bridge Navigation Company, and its operation also comes in light of the directives of President Abdel Fattah El-Sisi.
The President of the Republic transformed Egypt into a center for global trade and logistics, and the Ministry of Transport implemented an integrated plan to develop international multimodal transport hubs (land - rail - river - sea) and within the framework of the Taba - Al-Arish logistical corridor, which is currently being implemented within a number of 7 integrated international development logistical corridors link
Mot: Follow me for more house cleaning tips.
Mot: . ole ""Earl"" is Great - Anytime of the Year!!!
News, Rumors and Opinions Sunday Morning 1-28-2024
KTFA:
Frank26: "SALEH...THE ONLY REASON YOU ASK THIS QUESTION... IS BECAUSE YOU KNOW THAT IRAQ IS ABOUT TO RAISE THE VALUE OF THEIR NATIONAL SOVEREIGN CURRENCY".....F26
Beha_Saleh...on the citizen’s confidence in banks: It is still fading!
1/26/2024
Has the Central Bank of Iraq achieved sufficient reforms to raise the value of the dinar against the dollar?
The price difference between the official and the parallel is still the same, and the citizen’s confidence in the banks is still in place! LINK
KTFA:
Frank26: "SALEH...THE ONLY REASON YOU ASK THIS QUESTION... IS BECAUSE YOU KNOW THAT IRAQ IS ABOUT TO RAISE THE VALUE OF THEIR NATIONAL SOVEREIGN CURRENCY".....F26
Beha_Saleh...on the citizen’s confidence in banks: It is still fading!
1/26/2024
Has the Central Bank of Iraq achieved sufficient reforms to raise the value of the dinar against the dollar?
The price difference between the official and the parallel is still the same, and the citizen’s confidence in the banks is still in place! LINK
Frank26: "THE NEW EXCHANGE RATE OF THE NEW MONETARY REFORM IS DEVELOPING MANY NEW ECONOMIC PARTNERSHIPS!!!"...........F26
The Prime Minister confirms that Iraq is moving towards major development and strategic projects and productive economic partnerships
1/25/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Thursday that Iraq is moving towards major development and strategic projects and productive economic partnerships.
The Prime Minister’s Media Office stated in a statement, seen by Al-Iqtisad News, that “Prime Minister Muhammad Shiaa Al-Sudani received, this evening, Thursday, a delegation of secretaries and governors of Arab capitals headed by the Secretary-General of the Arab Cities Organization, Abdul Rahman Hisham Al-Asfour, and Al-Sudani welcomed the The meeting began with the Arab guests and their meeting that was held in Baghdad after a break that lasted more than three decades, stressing Baghdad’s permanent readiness and ability to host all its guests, whether they are Arab brothers or friends.
The Prime Minister affirmed - according to the statement - “Iraq is moving towards major development and strategic projects and productive economic partnerships,” noting that “the government in Iraq has placed as its top priority the comprehensive improvement of Baghdad and the rest of Iraqi cities, as well as openness to the successful experiences of brothers and friends, in Regarding reliance on technology and advanced methods for urban development and all service sectors.”
Al-Sudani stated, “At a time when we are searching for the best ways to develop and advance our cities, Gaza stands out before us because of the systematic destruction and devastation it is suffering from, and the lack of the most basic means of livelihood, due to the aggression and inhumane crimes committed by the occupation authorities against our Palestinian people there.” He reiterated his support for “establishing a fund to support and reconstruct the Gaza Strip after the cessation of the aggression, which is the initiative launched by Iraq during the 2023 Cairo Peace Summit, which was held last October, and was greatly welcomed.” LINK
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Frank26: "IT WAS MUCH MORE THAN THAT... AND THIS WAS MAINLY DUE TO THE CONTRACTS SUDANI SIGNED IN 2023."............F26
The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023
1/26/2024
The Credit Bank of Iraq achieved a profit of 17.5 billion dinars during the year 2023.
The bank announced its financial budget for the year 2023. Its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%.
The bank's revenues amounted to 27.1 billion dinars, divided into 18.3 billion dinars resulting from banking interest revenues and 3.7 billion dinars through banking commission revenues, in addition to revenues from the dollar and capital platform.
The bank's profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars. LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They're basically going to have to make announcements publicly that the currency exchange must be made...They're going to have to say something before too far along...I'm very positive with what we're seeing...things coming together at this time, it's compact. There's just one thing after another, seems to have a symbiotic relationship to Iraq's monetary/financial/banking/tax reforms...
Breitling I think the dinar is going to revalue. I think it's great. It's a great opportunity. A lot of it has to do with its foreign currency reserves which is in the US dollar. It [Iraq's] is one of the biggest in the world.
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All Your Financial Assets Could DISAPPEAR | John Rubino
Liberty and Finance: 1-27-2024
"The financial system is going to break," says John Rubino of https://rubino.substack.com and widely followed financial author.
The masses will likely feel the brunt of the pain if they don't prepare, he says. Since the Dodd-Frank act, bail-in type seizure of your assets are now allowed throughout the financial system.
"Whatever you have in an account anywhere can just disappear," he notes, pointing to expert analyses of the current policies for financial institutions, from banks to brokerages.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Recession signals
11:00 The Great Taking
25:40 Information monopoly
35:11 Rubino's substack
42:00 Bitcoin ETFs
Goldilocks' Comments and Global Economic News Saturday Evening 1-27-24
Goldilocks' Comments and Global Economic News Saturday Evening 1-27-24
Good Evening Dinar Recaps,
Easing of sanctions against Venezuela boosts marine and energy sectors
"Since June, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued seven general licenses authorizing certain business activities or transactions with Venezuela, including those relating to the export of liquefied petroleum gas (General License 40B), gas sector operations (General License 44), the state-run mining company Minerven (General License 43) and the state-run airline Conviasa (General License 45A)."
This releasing of sanctions is creating opportunities for traders on the market that once were prohibited. The country's control of the largest crude oil Market makes this country's Energy and Marine sector of the markets very appealing.
This will create new demands on the Venezuela Bolivar as this year progresses. These demands will create opportunities for people in the Forex Market to capitalize on price pressures pushing new volumes and new values going forward.
© Goldilocks
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Goldilocks' Comments and Global Economic News Saturday Evening 1-27-24
Good Evening Dinar Recaps,
Easing of sanctions against Venezuela boosts marine and energy sectors
"Since June, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued seven general licenses authorizing certain business activities or transactions with Venezuela, including those relating to the export of liquefied petroleum gas (General License 40B), gas sector operations (General License 44), the state-run mining company Minerven (General License 43) and the state-run airline Conviasa (General License 45A)."
This releasing of sanctions is creating opportunities for traders on the market that once were prohibited. The country's control of the largest crude oil Market makes this country's Energy and Marine sector of the markets very appealing.
This will create new demands on the Venezuela Bolivar as this year progresses. These demands will create opportunities for people in the Forex Market to capitalize on price pressures pushing new volumes and new values going forward. | Clyde Co
© Goldilocks
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Let's take a closer look today on what's happening in March and on March the 11th, 2024 in particular.
We already know that the Feds are doing away with the Bank Term Funding Program in March. This will deplete liquidity availability for the banking system going forward.
There is the option of lowering interest rates that will give our money more purchasing power at that time. Lowering interest rates would provide more cash flow, but will it be enough? With the amount of debt that the US owes, economists across the board say the answer to that question is no.
So, we are left with two more options. One is to use up the rest of our Repo Market liquidity program that is expected to run out by the end of this year.
This leaves us with one other option. To increase the price of gold and other commodities that are being used to back our new tokenized asset based system.
March is a turning point, a reversal point, and a pivotal point in our Global Economy. Gold has always been the bridge into new economies, and it is our pathway into the road ahead.
The use of gold in liquidating the new economy will create the acceleration and adoption of a new digital economy backed by the commodity market across all sectors of the market.
Look for new ETFs on several digital asset classes to be accelerated during this time. Movement into the new digital asset-based trading system will synchronize our banking system with our markets.
This will give us new Digital Network Protocols that are standardized and regulated under the support of gold inside our new digital economy.
All roads lead to gold, and gold will set us free.
© Goldilocks
Blue Prism
Brookings Edu
Federal Reserve 1
Federal Reserve 2
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It is important for us to watch what happens in Texas. Governor Abbott was in India this past week talking about trade deals between Texas and India.
Texas has its own shipping port capabilities that will allow them to trade Globally with the rest of the world. Texas has 29 official ports of entry into the Global Economy. They literally have the capability of being a self-sustaining Financial System within their own state.
If these new trade deals are successful and Texas begins to move into the new Digital Asset-Based Trading System utilizing the UPI or Unified Payment Interface mechanism in trade, we will literally be witnessing the first state in the US to move into our new Global Economy.
Watch the water.
© Goldilocks
Abbott travels to India as his national profile is growing | Houston Chronicle
Why Gov. Greg Abbott is visiting India | Axios
Texas: A Major Player in Global E-Commerce Shipping and Logistics | Cube Work
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Republican governors rally behind Texas in border showdown after Supreme Court ruling | https://youtu.be/LqfXHUSnp7Q?feature=shared
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Border standoff between Texas, feds intensifies as governor defies Supreme Court ruling | https://youtu.be/Hd-H79ua19w?feature=shared
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Governor: Texas can defend itself against border 'invasion | https://youtu.be/WSiwRDQp_DA?feature=shared
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After hearing the concerns expressed by various participants in the Stellar ecosystem — including contract developers, wallet developers, validators, and tools builders — the SDF has decided to disarm our validators to prevent them from voting to upgrade the network to Protocol 20 on January 30. As the network introduces the biggest protocol change to date, it's important to have broad consensus at the vote, but also in the lead-up to it — everyone needs to be ready.
On January 25, 2024, we notified the ecosystem of a that was discovered in Stellar Core v20.1.0 that could impact applications and services that use fee bumps for Soroban transactions if or when the Mainnet upgrades to Protocol 20. We noted that we (the ecosystem and particularly network validators) had a choice to continue with the Protocol 20 upgrade vote on January 30 or to delay it.
We at SDF spent time with the bug, saw its potential impacts and decided that the bug posed little risk given the phased rollout plan along with the implementation of best practices. But we are not an ecosystem of one.
Upgrading the network is not something SDF does alone, and to inform the decision about whether to move forward given the bug, we opened threads on the Stellar Dev Discord and our developer mailing list, and encouraged the ecosystem to weigh in. Ultimately, the robust feedback and discussions regarding this choice caused us to change our approach. Stellar Blog
👆 Will keep you updated!
"...we will coordinate to determine a future vote date once a new version of Stellar Core that contains a bug fix is released. That release should be available within the next two weeks.". SDF
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Key Fed Inflation Rate's Slide Puts March Rate Cut In Play; S&P 500 Wavers | Investors
The primary Federal Reserve inflation rate, the core PCE price index, showed that price pressures cooled more than expected in December, keeping a March rate cut on the table. The S&P 500 fell slightly on Friday afternoon, following another record closing high on Thursday.
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IRS to launch free online filing system pilot in March | The Hill
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‼️ ALERT – Civil War Update Texas: Massive military deployment of forces from the National Guard of Republican states to the state of Texas,
This step comes out in defiance to the administration of President Joe Biden and federal forces, to combat the increasing waves of migrants on the border between the United States and Mexico, coinciding with escalating tensions between Greg Abbott, Governor of Texas, and the Biden administration.
See video here: https://t.me/c/1545617426/74313
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BIS Announces Tokenization Project Among Six Initiatives for 2024 | Kryptomoney
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CBDCs, Green Finance Among BIS Innovation Hub Projects Announced for 2024 | Fintech Singapore
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More News, Rumors and Opinions Saturday PM 1-27-2024
Tishwash: Iraq and China hold discussions on the path to development
Iraq and China held the fourth round of political consultations between the two countries in Beijing.
The Ministry of Foreign Affairs stated in a press statement, “The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Ambassador Muhammad Hussein Bahr al-Ulum, chaired the meetings of the fourth round of political consultations between Baghdad and Beijing, in the presence of Ambassador Shorsh Khaled, in the building of the Chinese Ministry of Foreign Affairs, and the Chinese side was headed by Deputy Foreign Minister Deng Li.” .
She added, “The political consultations discussed a number of regional and international issues of common interest, most notably the joint efforts to achieve a ceasefire in Gaza, praising China’s positions in support of Iraq in international forums, and Iraq’s support for the “principle of one Chinese sovereignty.”
Tishwash: Iraq and China hold discussions on the path to development
Iraq and China held the fourth round of political consultations between the two countries in Beijing.
The Ministry of Foreign Affairs stated in a press statement, “The Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, Ambassador Muhammad Hussein Bahr al-Ulum, chaired the meetings of the fourth round of political consultations between Baghdad and Beijing, in the presence of Ambassador Shorsh Khaled, in the building of the Chinese Ministry of Foreign Affairs, and the Chinese side was headed by Deputy Foreign Minister Deng Li.” .
She added, “The political consultations discussed a number of regional and international issues of common interest, most notably the joint efforts to achieve a ceasefire in Gaza, praising China’s positions in support of Iraq in international forums, and Iraq’s support for the “principle of one Chinese sovereignty.”
She pointed out, “Iraq’s desire to actively participate in the Chinese Belt and Road Initiative was stressed, as well as inviting China to contribute to the development road project, enhancing cooperation in the field of energy, infrastructure projects, financial and digital cooperation, and cultural and popular exchange between the two countries, and moving forward from In order to activate the strategic partnership between the two countries.”
The agent extended an invitation, on behalf of Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein, to Chinese Foreign Minister Wang Yi and his first deputy, Deng Li, to visit Baghdad as soon as possible, praising “China’s positions in support of Iraq,” according to the statement. link
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Tishwash: Iraqis do not trust their banks and bankers reveal the reasons!
Most Iraqis avoid depositing their money in state or even private banks, and prefer to collect it in home safes, as they consider leaving it inside their sleeping pillows safer than using bank safes.
Employee Sahira Shaker (56 years old) said in an interview with Al Mada: “I thought the loan announced by the government would save my situation, and I would finally be able to build my house and get rid of the cost of rent, but I found that the loan had become a heavy burden that was draining my monthly income, as I found myself borrowing.” To meet the needs of the home.
She added, "She is repaying the loan she took from a government bank five years ago," noting that "the interest rate is exaggerated, especially since the loans are supposed to be targeted to the underprivileged classes, but this has increased the burden on them."
For his part, citizen Adel Mohsen expresses his astonishment at the presence of individuals depositing their money safely in Iraqi banks, in light of the spread of corruption and exploitation that has become clear. He told Al Mada that he "does not trust all government and private banks, based on what he heard of the many problems that depositors are exposed to," pointing out that he "suffices to store his money in his home with full confidence, by placing it under the bed or inside the wardrobe."
In addition, Malak Rahman, an employee official at one of the private banks, said during an interview with (Al-Mada), that “some employees take advantage of the citizen’s limited knowledge and request amounts exceeding what is stipulated when opening a bank account, which range between (13-25) thousand dinars, and she spoke Also when transferring money via external transfers, additional fees are imposed, and most customers pay without realizing it.”
In turn, she alerted the customer to the need to “be smarter and pay attention to the amount of fees on the transfer paper, and he can file a complaint with the official at the bank or the main branch.”
Regarding the other mechanisms used, Rahman explains, “There is a process of exploitation that takes place by withholding the citizen’s passport and withdrawing money through it, and the citizen is told that his passport is invalid, or when the customer comes to withdraw his money, he is informed that there are fees on it.”
Malak stated, “Some employees manage their profession with transparency and credibility, as they monitor violations and report them to the Central Bank. However, some of them, upon monitoring violations, blackmail banks, and amounts reach 200 million or receive lands as compensation in exchange for covering up violations.” .
In this context, the economic expert, Ahmed Eid, points out that “the banking sector in Iraq suffers from distortions in its general structure, such as a lack of financing and weak cash deposits by citizens.” He attributes the reason why individuals avoid depositing to “the absence of facilities and offers that encourage citizens to place their money in government or private banks.”
Abdel Aber (Al-Mada) confirms: “The lack of confidence in the banking sector on the part of citizens, attributing this to the financial policy followed by the Central Bank, especially after the manipulation of exchange rates and the inability of the monetary authority to confront the crisis.”
He points out the presence of "banks and exchange offices that are under the control of some parties and influential parties, which puts the Iraqi financial market and the general economic decision in the grip of those parties."
The economic expert added, "There is negligence and a lack of interest, while warning of the spread of bribery and bargaining by bank employees. He pointed to the methods they use, such as "selling the dollar to travelers who pay the bribe directly, with the aim of facilitating the inclusion of their names on the platform for selling the dollar."
Eid held the Central Bank of Iraq fully responsible for not publishing the available offers and the absence of an awareness role among state departments and citizens, as he stressed the importance of education regarding bank deposits, especially after the government’s attempt to move towards an electronic payment system.
Economic researcher Abdul Salam Hassan said in an interview with Al Mada: “Most private banks belong to influential people or to those who have a relationship with them, and their ownership is mostly owned by people outside the country,” pointing out “the presence of smuggling and significant exploitation of depositors’ money, causing losses to them.” This also happened in the Iraqi and Islamic Commercial Bank, where large corruption files were revealed by Hamdiya Al-Jaf during the past year.”
He adds, “The interest rate requested by the banks is large and is accompanied by a number of observations,” noting that “an interest rate of 80 percent is imposed on those who deposit their money, that is, 80 thousand for every 100 million, and a profit rate of up to 60 percent is taken when granting loans.” These percentages are considered an indication of the government’s lack of support for the private sector, contrary to its claims.”
He continues, "Government banks, such as Al-Rafidain and Al-Rashid, have many comments," noting that after the law was amended, the interest rate became 30 percent.
He explains, "The problems that the Iraqi banking system suffers from are old and go back decades, and the banks have not kept pace with the progress taking place in the world."
Abdel Salam continues, “The successive political crises in the country, the nationalization of banks, and the seizure of depositors’ funds made Iraqis lose confidence in banks, which led to the storage of money in homes, and therefore the money deposited in banks does not exceed 15 percent of the size of the Iraqi monetary mass.”
At the conclusion of his speech, he stressed “the importance of abolishing the tedious routine in banking institutions, which requires filling out complex forms and bringing a number of documents, in addition to the demand to bring a guarantor, a step he described as (illogical). He also called for the importance of preserving the confidentiality of customer information and not granting it except by a government decision.” “What is happening in the banks is giving direct information to any official or person with a government rank.”
It is noteworthy that the Iraqi citizen lost his confidence in the banking system in three stages: the period following the Gulf War in 1991, then the American invasion of the country in 2003, and finally in 2014 when the Islamic State took control of vast areas of Iraq, and the people of Mosul suffered greatly in withdrawing their money. Which had been deposited in banks before 2014, and their withdrawal now requires security approvals and permits, in addition to their return in installments to depositors.
The US administration had previously imposed sanctions on some Iraqi banks because of their financial dealings with Iran, which led to the Central Bank seizing control of them and freezing their accounts. link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Saying 9 Iraqi officials arrested for extreme wealth from corruption. FRANK: Sudani is going all out...this is amazing...You're busted!
Militia Man Article: "Instead of Romanski, Biden nominates an extraordinary 'new' American ambassador to Iraq" Interesting timing of this event. The nominee [Tracy Ann Jacobson]...held a position in Turkmenistan prior to the Tajikistan mission. Article Quote: "Introducing a new currency is a complex process—one that Turkmenistan completed successfully." Turkmenistan is a model that looks to have been in the cards after she left office...I have a strong feeling she would be very aware of...the introduction to a new currency...Is there a coincidence here? I am not sure but, we sure will likely find out if it is or not very soon...What has been going on fits the complex model the Turks used...
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Get Your Money OUT Of The Banks NOW | Peter Schiff
Liberty and Finance: 1-26-2024
Compared to 2008, "banks are in much worse shape," says Peter Schiff of Euro Pacific Asset Management (https://europac.com).
The FDIC doesn't have enough funds to bail all the banks out, he points out. If the banking system collapses, either "insured" depositors will not get their funds or they will be paid back in devalued Dollars, Schiff argues. "Either you lose your deposits or your deposits lose their value."
INTERVIEW TIMELINE:
0:00 Intro
1:03 Gold & inflation
9:34 Debt crisis
16:58 Commercial real estate
22:30 Banking system
Alasdair Macleod: This Is Serious! 2024 Avalanche To Get Out Of Credit And Into Gold
Alasdair Macleod: This Is Serious! 2024 Avalanche To Get Out Of Credit And Into Gold
Good as Gold Australia: 1-27-2024
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia talk with Alasdair Macleod, Head of Research at GoldMoney, and Advisor to AGAGA.
With inflation still a major concern around the world and debt levels at unprecedented record highs, there are many, even now who would surprisingly believe that the inflation dragon is slain, and we are past the worst of it.
Alasdair believes that this fiscal year, the budget deficit could exceed $3 trillion USD in the lead up to the Presidential election.
Global investment portfolios represent around $150 trillion USD. Less than 1% is in gold. If to cover a credit crises, there was a shift of an additional 1%, that would require an extra 23,300 tonnes of gold. Where is that going to come from when we only dig up 3,000 tonne per year?
Alasdair Macleod: This Is Serious! 2024 Avalanche To Get Out Of Credit And Into Gold
Good as Gold Australia: 1-27-2024
In this latest interview, Brian and Darryl Panes from As Good As Gold Australia talk with Alasdair Macleod, Head of Research at GoldMoney, and Advisor to AGAGA.
With inflation still a major concern around the world and debt levels at unprecedented record highs, there are many, even now who would surprisingly believe that the inflation dragon is slain, and we are past the worst of it.
Alasdair believes that this fiscal year, the budget deficit could exceed $3 trillion USD in the lead up to the Presidential election.
Global investment portfolios represent around $150 trillion USD. Less than 1% is in gold. If to cover a credit crises, there was a shift of an additional 1%, that would require an extra 23,300 tonnes of gold. Where is that going to come from when we only dig up 3,000 tonne per year?
Central Banks around the world are recognizing the risk and are dumping dollars in return for bullion. They can't get enough of it!
The US is in a debt trap and they can't get out of it. When the populas at large recognize the dilemna that the world is in - it will be too late.
As Alasdair confirms, the gold currency relationship could switch very sharply, and 2024 could be an avalanche to get out of credit and into gold.
One week ago, Greg Mannarino published an article titled, 'War is for murder and money printing'. A mechanism in which war, the expansion of war, and a lot more Central bank supplied easy money is going to distort asset prices across the spectrum of asset classes, and with that, many thousands of people are going to be murdered to make certain that it happens.
On Thursday of last week, and again on Friday, the US and its coalition partners (all non-BRICS nations) bombed multiple targets in Yemen.
The alliance of BRICS nations is a direct threat to the Petrodollar, which just took a massive leap forward with several OPEC nations, including Iran joining the BRICS on January 2nd of this year (2024). Greg has been warning people for many months now that they can start to see war develop as a direct response to the BRICS alliance.
Iran, being a founding member of OPEC now has a bomb site directly over it and every manner of anything they can do to draw Iran into a direct conflict with coalition nations is about to be utilised to send a message to BRICS nations... and that message is this: DO NOT THREATEN THE PETRODOLLAR!
The Federal Reserve, whose enforcement arm to protect the Petrodollar is the US Military, including its nulcear arsenal, and it will be used against any nation/group of nations who threaten the Petrodollar. So how would the gold price behave in this disaster?
"Tidbits From TNT" Saturday 1-27-2024
TNT:
CandyKisses: UN: We will not participate in Iraqi-US negotiations
Mawazine News – Baghdad
The spokesman for the UN Secretary-General, Stephane Dujarric, confirmed that the United Nations will not participate in negotiations between Washington and Baghdad on the fate of US and international coalition forces in Iraq.
“It is good for them to negotiate on the subject, but it will not affect the mission of our envoy in Iraq,” the spokesman for the UN Secretary-General said.
He noted that “the United Nations has not shown any support or opposition to the remaining forces in Iraq.
Tensions in Iraq have increased since the Gaza war, and U.S. and coalition forces have been targeted with at least 60 drone and missile attacks by armed groups.
TNT:
CandyKisses: UN: We will not participate in Iraqi-US negotiations
Mawazine News – Baghdad
The spokesman for the UN Secretary-General, Stephane Dujarric, confirmed that the United Nations will not participate in negotiations between Washington and Baghdad on the fate of US and international coalition forces in Iraq.
“It is good for them to negotiate on the subject, but it will not affect the mission of our envoy in Iraq,” the spokesman for the UN Secretary-General said.
He noted that “the United Nations has not shown any support or opposition to the remaining forces in Iraq.
Tensions in Iraq have increased since the Gaza war, and U.S. and coalition forces have been targeted with at least 60 drone and missile attacks by armed groups.
On Thursday, the Ministry of Foreign Affairs announced the success of the negotiations between the Iraqi and American governments, which began in August 2023, in order to formulate a timetable that determines the duration of the presence of the advisers of the international coalition in Iraq, the end of the military mission of the coalition against ISIS, and the transition to comprehensive bilateral relations with the coalition countries, political, economic, cultural, security and military consistent with the vision of the Iraqi government.
The United Nations Assistance Mission for Iraq (UNAMI) has been in Iraq since 2003 to provide humanitarian, development and reconciliation assistance.
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CandyKisses: Sudani sponsors the launch of the first round of bilateral dialogue to end the mission of the international coalition in Iraq
{Political: Al-Furat News} Prime Minister Mohammed Shia Al-Sudani sponsored today, Saturday, the launch of the first round of bilateral dialogue between Iraq and the United States, to end the mission of the international coalition in Iraq.
The Sudanese media office said in a statement received by {Euphrates News} that "Prime Minister Mohammed Shia Al-Sudani sponsored the launch of the first round of bilateral dialogue between Iraq and the United States of America to end the mission of the international coalition in Iraq."
Baghdad and Washington agreed on Thursday to launch working groups within the framework of the "Supreme Military Committee", to study the future of the coalition in light of the "danger" posed by ISIS, and the capabilities of the Iraqi security forces.
The Foreign Ministry said the working groups will “formulate a specific and clear timetable, outlining the duration of the presence of the international coalition’s advisers in Iraq, and directing the deliberate phase-down of its advisers on Iraqi soil.”
In Washington, Deputy Defense Department spokeswoman Sabrina Singh said the size of U.S. military power in Iraq “will certainly be part of the discussions as things progress.”
A Pentagon official said in a press statement that a military committee "will conduct an assessment to reshape the relationship with Baghdad," noting that "there is no imminent withdrawal of US forces from Iraq."
Defense Minister Thabet al-Abbasi said on Thursday that his country's forces "are fully ready to withdraw the coalition forces and hold the security file in the country in full, especially after the experience they have gained in the past years and their dealing with security threats and their elimination."
He added in a statement, "The timings of the withdrawal of the coalition forces will be determined, and the building of joint cooperation relations between Iraq, the United States and the coalition countries in various political, economic, cultural, security and military fields, in line with the vision of the Iraqi government."
Prime Minister Mohammed Shia Al-Sudani said recently that "the end of the mission of the international coalition is a necessity for Iraq's security and stability, and it is also a necessity to maintain constructive bilateral relations between Iraq and the coalition countries."
Al-Sudani considered that "there is no longer any justification for the existence of the international coalition," saying: "Today the security situation, with the testimony of all specialists in Iraq, and friends, is that ISIS does not represent a threat to the Iraqi state."
There are about 2,500 American troops in Iraq, while about 900 American soldiers are deployed in Syria, within the framework of the international coalition launched by Washington in 2014.
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CandyKisses: Washington’s message to Baghdad: Economic support will fade after withdrawal, no negotiations before attacks stop
Mawazine News – Baghdad
Reliable sources revealed the content of a letter handed over by US authorities to the Iraqi government regarding the arrangements for the withdrawal of the international coalition forces.
The letter included "the method of withdrawal and its timetable," along with "the obligations on the Iraqi side," stressing that this withdrawal, if it happens, will not be without a price and "will not stop the deterrent attacks of armed groups loyal to Iran."
The Iraqi Foreign Ministry said on Wednesday night that an "important letter" had been received from Washington, and that Prime Minister Mohammed Shia'a Al-Sudani would study it carefully.
The sources explained to Asharq Al-Awsat that "Washington does not mind the transition to a new stage of bilateral relations, but the withdrawal of forces (by any way) will not stop the deterrent attacks of the activity of armed groups loyal to Iran, as long as they contribute to destabilizing the security and stability of the region."\
The Sudanese shared "important aspects" in the American message with leaders in the "Coordination Framework" coalition, including "confirmation that US strikes will not stop against the factions," according to the sources. “The upcoming technical negotiations to arrange the withdrawal will not be easy and quick, and will take the time necessary to ensure that all files associated with this presence are settled,” the letter hinted.
According to the sources, “Washington encouraged Baghdad during the letter to understand and understand the consequences of the withdrawal, including the financial and economic obligations that bind the two countries.”
Iraq has been depositing its oil revenues in a bank account controlled by the US Treasury Department since 2003, pursuant to UN Security Council Resolution 1483, which was intended to “help Iraq manage its resources in a transparent manner.”
Since the American message arrived at the government offices in Baghdad, political forces have been active in intensive dialogues, trying to understand the appropriate way to deal with “this sudden step.” Three informed sources told Al-Sharq Al-Awsat that "an influential Shiite party within the (coordination framework) is now trying to convince the factions involved in the field escalation against the Americans to retreat a little."
The Islamic Resistance in Iraq confirmed yesterday, Friday, that the request of the United States of America to the Iraqi government to hold talks to arrange the status of its forces, is "except an attempt to mix the cards, turn the table on the resistance, and gain time, to carry out more crimes and demonic schemes to harm our people and nation.
Mot: Ya Just Never Knows What they Will Come up With!!! Nelson looks like Earl
News, Rumors and Opinions Saturday AM 1-27-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 27 Jan. 2024
Compiled Sat. 27 Jan. 2024 12:01 am EST by Judy Byington
Judy Note:
Global Financial Crisis: There were 150 out of 195 countries of the World which were about to NOT to use the US Petro Dollar. Operation Sandman was ready to crash.
Bank Runs, Bank Failures: The US Inc. which created the fiat US Dollar was now worried that you would pull your money out of their Cabal Rothschild Banks. It’s the only liquidity they had left: your deposits. Bank runs on the way.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 27 Jan. 2024
Compiled Sat. 27 Jan. 2024 12:01 am EST by Judy Byington
Judy Note:
Global Financial Crisis: There were 150 out of 195 countries of the World which were about to NOT to use the US Petro Dollar. Operation Sandman was ready to crash.
Bank Runs, Bank Failures: The US Inc. which created the fiat US Dollar was now worried that you would pull your money out of their Cabal Rothschild Banks. It’s the only liquidity they had left: your deposits. Bank runs on the way.
Timing: (RUMORS)
Fri. 26 Jan. Holly This is how I have been told things go: It’s RV, then the government take down and EBS/EAS including NESARA. The RV funds the Republic which they can then stand up. The Government take down is done publicly and does away with the corporation and Federal Reserve. The Republic has the US treasury which is backed by gold and the gold standard is implemented.
Fri. 26 Jan. Amiel Alston: It is recommended that everyone be at home with their families this Saturday, January 27. And know that whatever happens, everything is okay! Fear not, you are not alone.
Global Currency Reset: (RUMORS)
The gold-backed US Dollar was introduced from Reno on Thurs. 25 Jan. at 4:47 am.
All 86 Global Currency Reset platforms were loaded with monies and launched on Fri. 26 Jan.
Bond Holders would get their email on Fri. 26 Jan.
Anywhere from Sat. 27 Jan. through Tues. 30 Jan. Tier 4b (us, the Internet Group) would be receiving emails that say how to set currency exchange and Zim Bond redemption appointments.
There were 400,000 of those emails that would go out in groups during a 18 hour period.
Payouts would be given first to governments, then businesses, then individuals.
The payment runs of first Zimbabwe Blue and Derivatives would begin on Mon. 29 Jan. at 9am EST.
All banks will begin to pay at the same time.
Tier4b appointments will run until Thurs. 15 Feb. 2024.
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Fri. 26 Jan. TNT Tony: TNT Tony was told RV in a couple days despite it being a “couple days” for months now.
US Treasury says it’s handed off to IMF.
Rate has been given to the banks.
IMF says it was given to the UN.
Nobody say that it stopped. Supposedly RV was put off because of things going on with Iran and US. We know Iran wants chaos in Iraq to delay the RV as long as possible. Iraq is publicly saying they want US to leave and Iran says they’ll keep bombing until US leaves. Nobody cares about the bombs because it’s showing that they are doing something or being justified in some way. 150 missiles are being fired and only 10 or so actually make contact. It’s more show than it is go.
Behind the closed doors Kurdistan is not voting on the US leaving. Supposedly Iran really doesn’t want US to leave. Iraq is Iran’s life line for dollars, and if the US leaves, sanctions go up and that hurts both countries.
Smuggling of dollars has been cut down but is continuing. It’s getting cleaned up little by little. Supposedly the biggest smuggler worth a trillion dinar was captured yesterday. So what are we waiting for?
US has been talking with Iraq leaving country since August quietly.
Banks in Iran are just smuggling operations.
So why is the UN waiting. They are waiting for more citizens in Iraq to open accounts and get cards. WE don’t know the magic number for them to go.
This morning treasury is saying watch accounts. Banks were given rates in November. So we are just waiting.
Everything happening this weekend is what they (UST, IMF) are now saying. They could wait until the end of the month and retroactive back to the 1st.
Supposedly someone did an exchange for ~$2-3 for dinar at a bank.
Bank managers are even scheduled this week because of the Mid East turmoil. So the banks will be surprised if it goes.
Read full post here: https://dinarchronicles.com/2024/01/27/restored-republic-via-a-gcr-update-as-of-january-27-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Is there a lot of dinars out there? no. The CBI doesn't sell dinars anymore. They stopped about 6 years ago. The demand is great now, look at Davos. So as soon as it floats in the basket the supply and demand is going to move that rate very quickly...
Militia Man Iraq is going to use the dinar as of January 1st for commercial use, not the dollar. If they get rid of the dollar or they cease the auctions or they apply the delete the zeros project you can see where all of a sudden the parallel market/illegal market is going to go bye-bye.
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LIVE! ALERT... ALERT... ALERT... Banks Are Running Out Of CASH. Get UN-BANKED NOW!
Greg Mannarino: 1-26-2024