More News, Rumors and Opinions Wednesday PM 5-22-2024

TNT:

CandyKisses:  International group lifts Iraq from ‘bad’ financial list

Shafaq News / The Middle East and North Africa Financial Action Task Force (MENAFATF) on Wednesday ranked Iraq as a country highly committed to recommendations on combating money laundering and terrorist financing.

The Media Center of the Iraqi Supreme Judicial Council, in a statement received by Shafaq News, said that the organization decided at its general meeting held in the Kingdom of Bahrain for the period from May 19-23, to consider Iraq one of the countries that are highly committed to the recommendations of the Financial Action Task Force (FATF) in the field of combating money laundering and terrorist financing.

He pointed out that "the report of the residents on Iraq and the adeqency of the procedures followed by the Iraqi authorities in the field of combating money laundering and the financing of terrorism were accepted."

He pointed out that accepting the residents' report "means continuing not to include Iraq on the gray list, which is the list of high-risk countries in the field of combating money laundering and terrorist financing, after the Iraqi team succeeded in convincing the general meeting of MENA FATV of the adequacy of the measures taken by it in this field."

The media center explained that the two deputy presidents of the Karkh Court of Appeal, Judges Ali Hussein Jaffat, Lia Jafar, and the Deputy Chairman of the Russafa Court of Appeal, Judge Ayad Mohsen, participated in the meeting with a group of representatives of the Anti-Money Laundering Office of the Central Bank of Iraq, as well as representatives of the rest of the relevant Iraqi institutions.

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Tishwash:  US Extends State of Emergency in Iraq

United States President Joe Biden has extended the state of emergency in Iraq for another year, citing the ongoing instability in Iraq as a threat to US national security.

On Monday, the White House released the letter of President Biden’s notification to Congress regarding the extension of the state of emergency in Iraq for another year.

According to Biden’s letter to Congress, “to address the unusual and extreme threats to US national security and foreign policy posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political administration and economic institutions,” the US president has extended the 2003 national emergency in Iraq for another year.

Resolution 13303 was issued by former US president George W. Bush after the Iraq war on May 22, 2003, to protect the Iraqi Development Fund for the reconstruction of Iraq, as well as to protect Iraqi oil products, US interests, and to lift sanctions on Iraq.

“It will allow the US president to take more steps in Iraq, including the use of emergency forces, the deployment of more troops, the imposition of economic sanctions, the suspension of certain laws and measures, or any other step to protect US national security and foreign policy in Iraq.”

The US president must notify Congress of the extension in a special letter 90 days before the expiration date.

In recent years, Iranian-backed Iraqi militia groups have called for US withdrawal from the country.

For future US and international coalition forces in Iraq, the US and Iraq have established a joint Higher Military Commission, which is a military-to-military dialogue between Iraqi and U.S. defense leaders and professionals.

Since its launch in January 2024, the three subcommittees established by the Higher Military Commission have conducted meetings in Baghdad supported by coalition members to discuss the threat of IS, the operational environment, and the capabilities of the Iraqi Security Forces.Link

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  Is Iraq a member of the WTO? 'Well, Frank you say they're a member of the WTO, they qualified for it.'  But do you see any official paper that tells you they're a member of the WTO. 'No.'  Why not?  Until you see the new exchange rate.  'But you don't have to have a high exchange rate to join the WTO.  Why do you say something like that?' Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq.

Mnt Goat  The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges. The reinstatement spigot has been opened. The direction is now clear.

Commodities Have 'Never, Ever' Been More Undervalued Than Today: Leigh Goehring

Commodity Culture:  5-22-2024

Leigh Goehring brings his decades of experience as an investor in natural resources to send a message: now is the time to invest in commodities, as they have never been more undervalued in the history of markets. Leigh goes in-depth on his investment thesis for gold, silver, uranium, copper, energy, and agriculture, along with explaining the cyclical nature of commodities and why today is when you want to be invested in the sector.

https://www.youtube.com/watch?v=TPvfnFLXm4Q

ITS GETTING MUCH WORSE FASTER. NOW MORE THAN EVER! HOARD GOLD, SILVER, COMMODITIES.

Greg Mannarino:  5-22-2024

https://www.youtube.com/watch?v=ZrIlmI3D-M8

Zimbabwe Applies For ISO Code For ZiG Currency (5/22/24)

TNT:

Harambe:  Zimbabwe Applies For ISO Code For ZiG Currency | Pindula (5/22/24)

Reserve Bank of Zimbabwe (RBZ) deputy governor Innocent Matshe said that the central bank is in the process of applying for an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG) currency as it moves to make the unit a stand-alone currency, reported.

ISO currency codes are three-letter alphabetic codes that represent various currencies used worldwide. These codes are essential for currency trading and international settlements.

When combined, they form the symbols and cross rates used in financial transactions. For instance, USD stands for the United States Dollar, EUR represents the Euro, and JPY denotes the Japanese Yen.

The ISO currency code for the defunct Zimbabwean dollar was ZWL.

Speaking at a breakfast meeting hosted by the Zimbabwe Economics Society in Harare on Tuesday, Matshe said:

According to our economic strategy, we believed that the success of our currency, ZiG, would depend on a limited management system, maintaining a tight monetary policy stance, controlling money supply and creating demand for the domestic currency.

This would demonstrate policy consistency, build trust in ZiG and facilitate effective communication. Let me confirm that ZiG is indeed a standalone currency.

We are currently in the process of applying for an ISO code and we expect no deviation from our initial protection policies.

Matshe claimed that Zimbabwe’s economy has been growing despite exchange rate fluctuations and inflation. He said:

It is essential to have an affordable base currency. We cannot sustain a dual currency situation indefinitely. Zimbabwe’s economy has been growing despite past instabilities, including currency fluctuations, exchange rates and inflation. However, we need to address these issues.

Matshe also pointed out that it was critical to include all sectors in currency reform, including those outside the traditional financial and banking sectors. He said:

The introduction of ZiG aimed to end the instability and create a standardised currency. Without robust reforms, our economy would not have grown significantly.

We need a framework that harnesses the potential of all sectors, including those outside the traditional financial and banking sectors.

Inclusivity is crucial and we must understand that digital finance is essential for a 21st-century economy. 
We have made progress in electronic financial activities, but we need to think seriously about digitalisation.

Certainty and stability in times of crisis allow for long-term planning and investment, which is key to industrialisation.

https://www.pindula.co.zw/2024/05/22/zimbabwe-applies-for-iso-code-for-zig-currency/

Why the Federal Reserve Fears This New Bill to End Its Power: Awake-In-3D

Why the Federal Reserve Fears This New Bill to End Its Power

On May 21, 2024   By Awake-In-3D

Opening the door for an American MONETARY AND CURRENCY RESET that ends the Fiat Financial System

In This Article

• Ending the FED: This is the Way

• H.R. 8421 and its Purpose

• Representative Thomas Massie’s Motivations

• Key Supporters and Historical Context

• Potential Impact on the Economy

A strong argument can be made that the Federal Reserve Central Banking system has enabled every financial crisis since its creation in 1913.

Initially established to stabilize the American monetary system, the Federal Reserve’s primary goal has been to control the U.S. dollar.

Over the years, the Federal Reserve has implemented strategies such as removing the dollar from the gold standard and monetizing the national debt issued by the U.S. Treasury.

Despite its significant monetary control, the Federal Reserve is not a government entity; it is a private bank owned by a collective of private board members and the largest banks in the United States.

This private ownership raises concerns about the Federal Reserve’s true motivations and accountability.

The introduction of the Federal Reserve Board Abolition Act faces formidable opposition from these powerful Banksters, who will undoubtedly fight to prevent this bill from becoming law.

This bill, sponsored by Representative Thomas Massie (R-KY), seeks to dismantle the Federal Reserve System, aiming to address the inflationary pressures that have plagued the American economy.

With substantial support in the House of Representatives, this legislation could significantly alter the nation’s financial landscape.

Introduction of H.R. 8421 and its Purpose

H.R. 8421 proposes the abolition of the Board of Governors of the Federal Reserve System and the Federal Reserve banks.

It also calls for the repeal of the Federal Reserve Act of 1913, the law that established the Federal Reserve System.

This significant move aims to dismantle the central bank, which Rep. Massie and his supporters argue has been responsible for severe economic issues, particularly inflation.

Representative Thomas Massie’s Makes His Case

Rep. Massie has been vocal about his concerns regarding the Federal Reserve’s role in the economy. He argues that the central bank’s policies during the COVID-19 pandemic, which included creating trillions of dollars and lending them to the Treasury Department, have led to unprecedented deficit spending.

According to Massie, this “monetizing of the debt” has devalued the dollar and fueled the inflation that is now impacting millions of Americans.

 “Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” said Massie.

He believes that ending the Federal Reserve is the most effective way to curb inflation and protect the financial well-being of retirees and savers.

Key Supporters and Historical Context

The Federal Reserve Board Abolition Act is backed by several prominent members of the House, including Rep. Andy Biggs (R-AZ), Rep. Lauren Boebert (R-CO), and Rep. Josh Brecheen (R-OK), among others.

This legislation echoes previous efforts by former Representative Ron Paul (R-TX), who first introduced a similar bill in 1999 and continued to champion the cause until 2013.

Rep. Massie’s reintroduction of this bill is also complemented by his Federal Reserve Transparency Act of 2023, which aims to audit the Federal Reserve.

This dual approach seeks to both dismantle and scrutinize the central bank, reflecting a broader movement among certain lawmakers to reduce the power and influence of the Federal Reserve.

Impact on the US Economy

If enacted, H.R. 8421 would initiate a one-year period during which the Federal Reserve System would be dismantled.

During this time, employees would receive compensation, and the assets and liabilities of the Federal Reserve would be managed and liquidated. The Director of the Office of Management and Budget would oversee this process, ensuring an orderly transition.

The abolition of the Federal Reserve could lead to significant changes in the U.S. financial system. Proponents argue that it would eliminate the inflationary policies that have eroded the value of savings and increased economic inequality.

Critics, however, warn that such a drastic move could destabilize financial markets and lead to economic uncertainty.

As if we are not already in unprecedented times of financial uncertainty?

The Bottom Line

The introduction of the Federal Reserve Board Abolition Act by Rep. Thomas Massie is a bold proposal aimed at fundamentally restructuring the U.S. financial system.

With significant support in the House, this legislation represents a critical juncture for economic policy and monetary independence in America.

We all need to support this Bill with passion. Let your congressional representatives know you want to END THE FED.

• Read the full text of the Bill here: https://massie.house.gov/UploadedFiles/EndTheFed.pdf

• Read Representative Massie’s Press Release here: https://massie.house.gov/news/documentsingle.aspx?DocumentID=395644

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

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“Tidbits From TNT” Wednesday Morning 5-22-2024

TNT:

Tishwash:  Biden's decision to extend the emergency in Iraq protects Baghdad's money - Iraqi expert

The expert in American affairs, Professor Aqeel Abbas, confirmed that the White House’s decision, which was issued yesterday, to extend the state of emergency in Iraq, stems from economic and financial reasons, and has no military or security aspect.

He said that the United States protects Iraqi funds from seizure in accordance with this decision, as There is an unknown number of companies and entities around the world that have sued Iraq over the invasion of Kuwait, and if this protection decision is cancelled, Iraqi funds outside the country will be subject to seizure.

Aqeel Abbas, in a statement:

Extending this decision is economic and financial, not military or security. It protects Iraq from judicial rulings issued by courts in several countries against Iraq, some of which we do not know yet, because the Iraqi state did not inventory the cases filed against the backdrop of the invasion of Kuwait. Many companies were harmed at that time and lawsuits were filed in different countries.

If the US decision is not extended, many Iraqi funds will be seized, and it will be difficult for Iraq to transfer oil money to the Central Bank.

Today, the United States is the protector of Iraqi funds. The funds go to an American bank in New York and then are transferred to Iraq.

Biden stated in a letter addressed to the US Congress:

Obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security, and the development of Iraq's political, administrative, and economic institutions continue to pose an extraordinary threat to the national security and foreign policy of Iraq and to the United States.

The national emergency declared in Executive Order 13303 relating to Iraq will remain in effect after May 22, 2024 for another additional year.   link

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CandyKisses:  Sudani arrives in Tehran to offer condolences on the death of the Iranian president and his companions

Shafaq News-Prime Minister Mohammad Shia al-Sudani arrived on Wednesday morning in Tehran to offer condolences on the death of President of the Islamic Republic of Iran Ebrahim Raisi, Foreign Minister Amir Hossein Abdollahian and their companions in the crash of the helicopter they were carrying them.

The Sudanese media office said in a statement today that the Sudanese is heading a high-level official delegation that includes the President of the Federal Court and a number of ministers and governors.

An informed source said on Tuesday that the Sudanese will participate in the funeral of the Iranian president in the capital, Tehran.

The source told Shafaq News Agency that "the Sudanese will head to the Iranian capital Tehran in order to participate in the official funeral of Iranian President Ibrahim Raisi on Wednesday."

On Monday, Iran officially announced the death of President Ebrahim Raisi along with Foreign Minister Hossein Amir-Abdollahian in the crash of a helicopter they were traveling with other officials in a rugged area near the border with Azerbaijan, in the northwestern province of East Azerbaijan.

Mourners began gathering in Tehran on Tuesday in preparation for days of funerals and processions for the late Iranian president, his foreign minister and other officials who died in the helicopter crash.

On Tuesday morning, a motorcade driven by a truck carrying coffins slowly moved through the narrow streets of central Tabriz, the closest major city to the crash site.

The bodies are due to be transported to Qom before being transported to Tehran, a funeral ceremony presided over by Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday, and a procession will be held in Birjand, Raisi's hometown, on Thursday, followed by a funeral and burial in the city of Mashhad.

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CandyKisses:  The Council of Ministers issues decisions on lagging projects and financial reform

Baghdad - Mawazine News

The Council of Ministers on Tuesday adopted new decisions related to the country's neglarizing projects and financial reform steps, while deciding to install 17 general managers in separate departments.

This came, during the presidency of Prime Minister Mohamed Shiaa Al-Sudani, the 21st regular session of the Council of Ministers, in which the general situation in the country was discussed, the topics on the agenda were discussed, and the necessary directives and decisions were issued thereon, according to a statement received by Mawazine News.

At the beginning of the session, the Sudanese touched on the painful incident that claimed the lives of the President of the Islamic Republic of Iran, the Minister of Foreign Affairs and their companions, stressing the solidarity of Iraq, the government and people, with the Iranian people and the Iranian leadership in these difficult times, and described the departure of the Iranian president as a great loss, because of his personality that loves peace, work and cooperation, referring to the joint files, whether between the two countries and with the countries of the region, which witnessed, during his presidency, further progress and achievement.

The session witnessed the review of the results of the report on the evaluation of the performance of ministries in the field of anti-corruption for 2023, and the Prime Minister directed all ministers to pay attention to the results of the report, and work to follow up on his recommendations and observations and remedy them in the results of the evaluation for 2024.

In the context of following up on infrastructure projects, the Prime Minister directed the preparation of a comprehensive vision and an integrated study on the Hally Road project in Basra Governorate, attracting sober companies in implementation, and coordinating with Basra Governorate on completion and implementation.

The Prime Minister also directed, within the framework of reforming the administrative structures of state institutions, to re-form a committee that is studying the merger of the General Company for Food Trading and the General Company for Central Markets, to present the results within a month.

The Council of Ministers continued to consider the file of lagging and suspended service projects, and put the processors to complete the work in them, as it approved the following:

1- Increasing the amount of the reserve for the project (processing and implementation of two treatment stations in Nasiriyah / Dhi Qar Governorate), and increasing the total cost of the Nasiriyah sewage project.

2- Increasing the total cost and amount of reserve for a construction (establishment of the second corridor of the Ghammas Junction Road - Al- Hamza 62 km).

3- Increasing the total cost and amount of reserve for a construction (establishment of a modern bridge and its approach).

With regard to evaluating the efficiency of general managers and follow-up performance, the Council of Ministers approved the installation of (17) Directors-General in various state ministries and institutions, distributed by (4) general managers in the Ministry of Water Resources, (3) in the Ministry of Agriculture, (3) in the Independent High Electoral Commission, (3) in the Military Industrialization Authority, and one Director-General in the ministries of electricity, industry, the Political Prisoners Foundation, and the Federal Financial Supervision Bureau.

In the context of following up the implementation and completion of traffic jam mitigation projects, the Council of Ministers approved what is confirmed in the book of the Ministry of Construction, Housing, Municipalities and Public Works, on the project to develop (front torm), provided that the Ministry bears the integrity of the procedures related to contracting. The project includes the expansion of the road from the front towards the Diyala Bridge, to improve traffic, and to ensure that the realization of the flow of integration with the project of the Mohammed Al-Qasim road connecting the road to the army canal road from the side of Rustama, in addition to the expansion of adjacent streets within the track, the establishment of two bridge intersections and the organization of the front.

The Council of Ministers voted to exclude the Italian company (GKSD) from the registration conditions set out in the amended Foreign Companies Branch Law (2 of 2017), and approve the financing of the preparation and management contract for the Internal Security Forces Hospital from the budget of the Directorate of Welfare Affairs of the Internal Security Forces, while ensuring the implementation of the restriction of all revenues, which the hospital receives from its operation, finally in favor of the budget of the aforementioned Directorate.

In the field of financial and administrative reform, the Council of Ministers approved the adoption of the (National Methodology for Good Governance Standards in Iraq), prepared by the Diwani Order Committee (84 of 2021), based on the provisions of the Constitution, taking into account the observation of the Legal Department in the General Secretariat of the Council of Ministers, not to create a section related to the follow-up of the implementation of the adoptions of good governance and administrative configurations, within the planning departments in ministries and entities not associated with the Ministry and governorates; to to conflict with the government's vision of reducing and rationalizing administrative structures. A specialized team, from the Ministry of Planning, the Board of Advisors and the Follow-up Committee of the Government Program, submits a report every (3) months, to the Prime Minister for decision.

As part of the follow-up of the energy projects with foreign companies, the Council of Ministers approved the recommendation of the Ministerial Council for Energy (24035 i) for the year 2024, which includes the contractor (Dutch Boskas Company) for a period of one month to sign the contract, starting from the date of issuance of the decision of the Council of Ministers, otherwise the appropriate measures will be taken in accordance with the instructions for the implementation of government contracts (2 of 2014).

In the same file, the recommendation of the Ministerial Council for Energy (24039 I) for the year 2024, on the supply of gas from (Al Hilal Oil Company) was approved, which includes the approval of the findings of the committee composed in the Ministry of Electricity, on discussing the price of dry gas to be processed from (Al-Hilal Oil Company), to the Kirkuk gas power plant, according to the details established by the ministry, and its continuation of signing the contract with the aforementioned company, taking into account interest the opinion of the Legal Department in the General Secretariat of the Council of Ministers, and the Ministry bears the integrity and accuracy of contractual procedures, in accordance with the laws, regulations and instructions.

In the foreign relations process, the Council of Ministers agreed to submit the Ministry of Foreign Affairs, through an official memorandum, to ensure the right to open a consulate general of the Federal Republic of Germany to the Republic of Iraq, in case of a future request in accordance with reciprocity, and the matter will be presented to the Council of Ministers at the time after determining one of the Iraqi provinces from the German side to be the headquarters of its consulate.

In application of the Council's approach to supporting the localization of the pharmaceutical industry, and encouraging the production of medicines and medical supplies inside Iraq, the Council of Ministers approved the exception (National Health Factory) from the provisions of paragraph (1) of its resolution No. (23151), related to the classification of pharmaceutical factories and the controls of referring the contracts of the Ministry of Health to them, in accordance with the classification mentioned in the aforementioned article.

The Council also approved the amendment of its resolution (24045 of 2023), regarding the Ministry of Industry and Minerals to take over the processing of the Justice Book and Real Estate Registration Departments with real estate agencies and bonds, in order to ensure the printing of the needs of the real estate registration and the law book departments in all the Ministry of Justice, not the agencies and the real estate bond (25) only, as well as the General Company for Food Products / Ministry of Industry and Minerals, amending its founding statement in line with the activity mentioned in accordance with the law.

In the direction of cooperation in the judicial and legal field with friendly countries, the Council agreed to authorize the Minister of Justice to negotiate and sign a draft cooperation agreement, between the Government of the Republic of Iraq and the Government of the Republic of Bangladesh, in the field of transferring those sentenced to deprivation of liberty, based on the Constitution, and the Ministry of Foreign Affairs to prepare the necessary document of authorization on behalf of the Government of the Republic of Iraq to the Minister of Justice, in accordance with the adopted contexts and submit it to the General Secretariat of the Council of Ministers; to obtain the signature of the Prime Minister.

In the field of following up Iraq's contribution to international efforts to combat climate change, the Council of Ministers approved the retention of the members of the permanent negotiating delegation for climate change, and the possibility of replacing them except as stipulated in the Diwan Order (24115 of 2024), and securing financial allocations for the participation of the members of the permanent negotiating delegation for climate change in the various climate meetings, as well as the annual climate conference, in accordance with the laws, regulations and instructions in force. The Ministry of Finance finances the amount established by the Ministry of Environment.

Mot: . Yaaaaaaaaaaaaaaaeh! -- Its FRIDAY!!! – ooooh 

Mot: Be sure to follow directions

News, Rumors and Opinions Wednesday AM 5-22-2024

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 Wed. 22 May 2024

Compiled Wed. 22 May 2024 12:01 am EST by Judy Byington

Judy Note: The Q Clock ended on Tues. 21 May 2024 – the same day Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), announced his decision to step down from his executive role. This move marked the end of an era for the WEF, the Cabal’s Global platform established in 1971 to engage the world’s top leaders in to be in control of the World’s global, regional and industry agendas. Coinciding with Schwab’s announcement, Jamie Dimon, the CEO of JPMorgan Chase has announced his plans to retire and the FDIC chairman was also stepping down. These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.

Tues. 21 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#:

There was a meeting last night with 64 individuals in Reno to decide when the emails were going out for Tier 3, 4a,b. They were told to make the decision whether this was going on Tues. 21 May, or on Wed. 22 May.

It appears that this could go any time between 3pm and 9 pm Wed. night 22 May and then we start our exchanges on Thurs. 23 May.

A Metals Broker said this could go tonight Tues. 21 May.

On Sat. 18 May the Currency Rates on Bank and Redemption Center screens were showing zeros, and then on Sun. 19 May they started moving upward. By Mon. 20 May the currency values were still going up very fast.

A report from one Redemption Center said the currency rates were going up extremely fast in value.

The contract rate on the Dinar was very, very high.

Several Countries were installing new leadership such as Switzerland, Brazil and Iran, while Singapore has pulled away from Great Britain and has a new leader. The countries were moving to be Sovereign.

A Metals Broker said that this could go overnight tonight Tues-Wed 21, 22.

Everyone left Reno either last night or at 6am this morning. That means they got things done and we should have this overnight tonight or tomorrow.

US Treasury Conference Call on Sun. 19 May 2024: “Everything is on schedule and the US is finishing up last minute paperwork. All tests for the RV have gone great. Stay positive. It’s coming.”… Mena, Liberty Lounger Extraordinaire on Telegram Sun. 19 May 2024

Mon. 20 May 2024 MarkZ: “Many banking sources are expecting big things this week. Many bankers are upbeat about this upcoming Memorial Day Weekend.” 

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Global Financial Crisis:

Tues. 21 May 2024 Why the Federal Reserve Fears This New Bill to End Its Power. A door has opened for an American MONETARY AND CURRENCY RESET that ENDS the Fiat Financial System. https://ai3d.blog/why-the-federal-reserve-fears-this-new-bill-to-end-its-power/

Tues. 21 May 2024 BRICS Trade Hits New Record as US Dollar Takes Big Hit. The BRICS economic alliance has seen its unilateral trade reach a notable new record as the US dollar has taken another big hit. Specifically, two of the bloc’s most prominent nations have seen trade exchanges surpass $50 billion for the first time in history, according to the Emirates News Agency. Indeed, Russia and India have facilitated record bilateral trade relations, with the figure reaching $17.5 billion in the first quarter of the year. Subsequently, the nations have seen trade activity grow by more than 5% in local currency, with the move certainly affecting the prominence of the greenback on the international stage.

In the lead-up to the creation of the FED, big banks consolidated power – deciding the fate of money behind closed doors.

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Mon. 20 May 2024 The Blockchain Act: 3 More Steps To Financial Freedom, Ariel on X https://x.com/prolotario1/status/1792636180518900011?s=46 congress.gov/bill/118th-congress

Locked & Loaded: With Blockchain, your money is locked up tight. No hackers, no scammers, no funny business. It’s like having a 24/7 bodyguard for your bank account.

The Speeding Bullet: Forget waiting days for your money to move. Blockchain transactions are fast, secure, and convenient. Getting paid and paying others is extremely quick.

Bye-bye, Big Banks: Blockchain puts the power back in the hands of the people. No more relying on those suits in the high-rises to handle your dough. You’re in control now. So be wise with your decisions.

Transparency Is Key: Blockchain is like an open book. Everyone can see what’s going down, but nobody can mess with it. That means no shady dealings or backdoor schemes.

Uncle Sam In The Crosshairs: With Blockchain, the government can’t just print money like it’s going out of style. This helps keep inflation in check, so your cash doesn’t lose its value. Factor in the gold standard and you are basically invincible.

ISO-20022, Basel ¾ Comes 589 SOFTR: We will have all the tools in the world to secure our financial independence.

This was passed by a 334-79 majority. Any political figure caught trying to vote against this will be voted out of office. It will be plain as day for those who want to keep the American people in financial turmoil.

Now I see why some are now supporting crypto/digital age. Everything will be tokenized. I people who prefer cash/paper will not be disregarded in lieu of exclusive digital money like the Federal Reserve CBDC agenda because everything will be on Blockchain. So it will be a monumental change in how our money is managed.

Read full post here:  https://dinarchronicles.com/2024/05/22/restored-republic-via-a-gcr-update-as-of-may-22-2024/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   THE MOMENT THEY RELEASE THE NEW EXCHANGE RATE AND NEW LOWER NOTES...  THE FLOAT AUTOMATICALLY STARTS ON FOREX!  That's the float that's going to take it to the real effective exchange rate.

Mnt Goat   So, in today’s news we read multiple articles coming out from the CBI and the Iraqi news telling us about yet more “WOW!” news...much of this news is confirming what my CBI contact told me recently so my trust level of my contact increases too. ...In today’s news the CBI is telling us they are moving into the “second phase of banking reforms” ...WOW! WOW! WOW!  ...Folks this RV train is moving along rapidly now. It is right in our faces now what they are doing. No more guessing or hoping. The reinstatement spigot is now wide open! ...The reinstatement is coming...Folks, it is now EXPLODING!  

Iqd iraq good good good

Nader:  5-21-2024

https://www.youtube.com/watch?v=X-TbAYpksKw

CBI Meeting with World Bank Vietnam in Trouble? Maybe

Edu Matrix:  5-22-2024

CBI Meeting with World Bank Vietnam in Trouble? Maybe IQD/USD VND/USD Exchange Rates.

https://www.youtube.com/watch?v=2DwebvAyHdU

Goldilocks' Comments and Global Economic News Tuesday Evening 5-21-24

Goldilocks' Comments and Global Economic News Tuesday Evening 5-21-24

Good Evening Dinar Recaps,

"The final elements for the implementation of Basel III in the EU are now agreed and will start applying on the 1st of January 2025."

Currently, we have tokenized assets and stablecoins backed by gold and other commodities moving through legislation and expected to become law at the end of June 2024.

This is forcing governments around the world to begin making decisions to implement their new digital economy. These monetary policy shifts will create credit valuation adjustments across all sectors of the market including Forex.

Countries have began moving towards bilateral trade agreements utilizing their own currencies in trade. This move will increase the demand for their currencies, yet they still need a stable price on them.

This is where stablecoins come into play. Stablecoins are backed by commodities. This alone will support the need to raise the value of currencies around the world to level the playing field in trade.

For the last 4 years, trade has been disrupted and rerouted to increase the level of exports in countries around the world offering support for these new currency values that are about to come into play.

The IMF has been working with countries globally to give guidance and instruction on their countries' ability to shift into a new supply and demand regimen. Work has been done to increase Capital Requirements  through commodities and increasing exports.

These measures will support new values and justification for currency valuation adjustments because their credit in the ability of doing so will be met by the above requirements.

We have a deadline for these changes to take full effect by January 1st, 2025. As you can surmise, price pressures to move into a real value between now and then are about to begin.

Look for XRP and XLM to be the first movers in the new digital economy. Their supporting actors will be ISO 20022 digital coins. These ISO tokens will be networks that will move money from one sector of the market to another.

Our movement from wire transfers to instant transfers electronically and through a quantum computer will increase money velocity. This will increase demand and increase the value and support for currencies going to higher levels.

Just holding ISO tokens and utilizing them in the new economy, with gold backing each of them, will serve as the bridge to our next economy. Commodities will be the next long-term Bull Run.

Our first RV (digital) is about to interface with traditional market assets on the QFS. This will transform our banking system and markets (paper money) into the new digital asset based trading system - the second RV.  Study Smarter   The Print    IT Supply Chain    Investopedia   Deloitte
 
© Goldilocks

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RESULTS of Iraq's Emergency Budget Meeting | Youtube

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Twitter

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CBI Meeting with World Bank Vietnam in Trouble? Maybe | Youtube

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NEW: House Democratic leaders said today they will NOT whip against House Republicans' crypto bill, I'm told.

The whip question sent to members this a.m. says that Waters and Scott "strongly oppose" the legislation, but does not urge them to vote "no": politico.com/f/?id=0000018f…    Twitter

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Folks, the new digital economy continues to move forward, and it is beginning to force decisions around the world on the government level.

Things have reached a critical state in the currency markets forcing the issue to move forward with credit valuation adjustments across all sectors of the market.

We now have a drivers for the market. It is digital, gold, and sailed across the Open Seas.

© Goldilocks

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FIT21 Gets House Vote, Will Crypto Stay a Partisan Issue | CCN

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H.R.4763 - 118th Congress (2023-2024): Financial Innovation and Technology for the 21st Century Act | Congress.gov | Library of Congress

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H.R. 5403, CBDC Anti-Surveillance State Act | Congressional Budget Office

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Saudi fintech barq and TerraPay forge strategic partnership | Arab News

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Santander, Iberpay introduce global instant transfers | The Paypers

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Highlighted here, the Ripple case and the ruling of #XRP was the main catalyst that started the push for real legislation to pass.

Without Ripple v SEC, this week would not have happened.   Twitter

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Biden extends Iraq’s national emergency for more year | Search4Dinar

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Russia purchased arms manufactured by its BRICS counterpart India by paying $4 billion in local currencies and not the US dollar. The Indian-made arms and equipment were procured by Russia citing 'defense purposes'. | CryptoRank

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BlackRock Exec Predicts Tidal Wave of Institutional Money Flooding Into Bitcoin ETFs — TradingView News 

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World Economic Forum founder Klaus Schwab will leave executive post | Semafor

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Several States Take Steps To Block A Central Bank Digital Currency | ZeroHedge

👆 it's going to be a fight

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JUST IN: Donald Trump's presidential campaign officially accepts Bitcoin and crypto. | @Watcher Guru

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Silver's Final Breakout Has Begun as World Trumps US Derivative Markets | Youtube

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"Ripple CLO Claims The SEC Has a NODE on the XRP Ledger"

A NODE offers ways to approve and process transactions without a centralized authority.  

A node validates and authenticates blockchain transactions. A Blockchain node's primary job is to confirm the legality of network transactions.

Once a confirmation is made between two digital networks through a blockchain consensus, a transaction is validated on both sides of an exchange.

A protocol brings all nodes of a distributed blockchain network into agreement on a single data set or similar data confirming the right to move forward inside a blockchain connection. Then, a digital transaction can go through for both parties.

This is done electronically and without the need of someone mediating the transaction on the QFS.

It looks like XRP and the SEC have decided to play ball together.  Times Tabloid  Trade Marks  Ledger

© Goldilocks

~~~~~~~~~

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More News, Rumors and Opinions Tuesday PM 5-21-2024

Ariel: The Blockchain Act: 3 More Steps To Financial Freedom Locked & Loaded

With blockchain, your money is locked up tight. No hackers, no scammers, no funny business. It’s like having a 24/7 bodyguard for your bank account. 

The Speeding Bullet: Forget waiting days for your money to move. Blockchain transactions are fast, secure, and convenient. Getting paid and paying others extremely quickly. 

Bye-bye, Big Banks: Blockchain puts the power back in the hands of the people. No more relying on those suits in the high-rises to handle your dough. You’re in control now. So be wise with your decisions. 

Transparency Is Key: Blockchain is like an open book. Everyone can see what’s going down, but nobody can mess with it. That means no shady dealings or backdoor schemes. Uncle Sam In The Crosshairs: With blockchain, the government can’t just print money like it’s going out of style. This helps keep inflation in check, so your cash doesn’t lose its value. 

Factor in the gold standard and you are basically invincible. 

ISO-20022 
Basel 3/4 Comes 
589 SOFTR 

We will have all the tools in the world to secure our financial independence. This was passed by a 334-79 majority. 

Any political figure caught trying to vote against this will be voted out of office. It will be plain as day for those who want to keep the American people in financial turmoil. 

Now I see why some are now supporting crypto/digital age. Everything will be tokenized. People who prefer cash/paper will not be disregarded in lieu of exclusive digital money like the Federal Reserve CBDC agenda. Because everything will be on Blockchain. 

So it will be a monumental change in how our money is managed.

https://www.congress.gov/bill/118th-congress/house-bill/6572

https://dinarchronicles.com/2024/05/20/ariel-prolotario1-3-more-steps-to-financial-freedom-locked-and-loaded/

 Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  Article: "The Central Bank begins the second phase of its banking reform strategy"  THE SECOND PHASE OF THE MONETARY REFORM OF THE IQD...'WILL BE REFLECTED IN THE STABILITY OF THE EXCHANGE RATE AND THE RECOVERY OF THE IRAQI DINAR INEVITABLY'! (INEVITABLY MEANS IT HAS TO HAPPEN... IN CONCLUSION: A SANCTIONED PROGRAM RATE DOES NOT REFLECT STABILITY !)

Pimpy  There's a lot of interesting news but one in particular just got my attention.  The conversation about floating the Iraqi dinar.  If ever you wanted something to happen and for it to move in a positive way, floating the Iraqi dinar would be it since they have not re-denominated and they have not removed the zeros, if they go to a floating exchange rate and... the world goes crazy and starts buying up a lot of Iraqi dinar and it causes the exchange rate to jump up in value really quickly...as soon as you spot a rate you're comfortable with, man you better sell and...get rid of the dinar...This is really exciting if they decide to go that route.  I just don't think they're going to do it.

Russia Seizes EU Bank Assets, China Economic Bazooka Begins, Russian Gas To China Unstoppable

Sean Foo:  5-21-2024

Russia has frozen yet more Western assets. This time, they have targeted Western banks still in Russia and this won't stop.

Meanwhile, China's big stimulus push has begun, unleashing over $138 billion dollars in bonds to rescue the property sector.

Finally more cheap Russian gas will be flowing to China soon and this could be a big game changer.

Timestamps & Chapters:

 0:00 Russia Freezes EU Bank Assets

2:52 Yellen Wants Confiscation

6:07 China Huge Stimulus Begins

9:12 China's Big Rescue Plan

12:25 Cheap Russian Gas To China

https://www.youtube.com/watch?v=ix-Q4GWj18M

Civil War… Really?

Civil War… Really?

Notes From the Field By James Hickman (Simon Black)  May 20, 2024

On July 12, 1648, dozens of angry French politicians gathered at the hallowed Palais de Justice in Paris to draft the final ultimatum that would be sent to their nine-year-old king, Louis XIV.

The politicians were all members of France’s national parliament, and, like most modern politicians, they were almost all lawyers who lived extremely privileged lives at the expense of French taxpayers.

In France, most aristocrats historically came from a group known as the noblesse d'épée, essentially Knights of the Sword. They were warriors who had fought valiantly and had won their power for their dedicated service to France.

This new class of politicians, however, came from a different group known as the noblesse de robe. They had never fought or bled for France, and rather had spent their lives in academia and law school without any understanding of the real world.

And while they claimed that their political crusade was all about ‘the people’, it was obvious that they just wanted more power for themselves.

France was just coming out of the Thirty Years’ War. The King was just a boy. The chief minister-- Jules Mazarin-- was extremely unpopular. So, these politicians saw an opportunity to take power.

They relied on their friends in the media to create divisions in French society-- Catholics versus Huguenots, peasants versus merchants-- and before long there was talk of civil war. And it didn’t exactly go as planned.

On August 27, a few weeks after submitting their ultimatum, roughly 160 politicians marched to the royal palace. They were joined by a small crowd of peasants who were dumb enough to believe that these nobles actually cared about commoners’ problems.

The royal court initially decided to placate and respect the crowd, so Louis’ mother took him outside of the city for a while. The politicians and their peasant followers immediately declared victory and turned Paris into a sort of ‘autonomous zone’.

But as months went by and nothing really improved, many of the peasants began to realize that they were just pawns in the noble’s attempt to seize power and turn France into an even worse feudalist state.

Eventually the boy king returned-- this time with his army. And suddenly the rebel nobles realized that their civil war was about to get real. Trained, professional fighters were about to march through Paris and vanquish all the sissy elites who had never fought a day in their lives.

Sure, the elites knew how to write angry letters. They knew how to use the media to stoke divisions and call their opponents all sorts of horrible names. They knew how to talk tough. And if they were alive today, they’d probably be really great at making TikTok videos.

But they were ultimately a bunch of cowards who weren’t even willing to get a bloody nose for their so-called beliefs. And France’s ‘civil war’ was over in no time.

This is one of the great lessons from history: it’s easy to pretend that you stand for something when the cost for doing so is absolutely nothing. You only find out what people truly believe when their own blood and livelihood is on the line.

In our modern era, we have equally incompetent, idiotic, wimpy politicians who are devoid of backbone. They have no clue how the real-world works, and they live a life of lavish status courtesy of the taxpayer.

They, too, have stoked division and animosity among the population. People used to be able to disagree with one another civilly. Now countless fanatics viscerally hate the other side and call for large groups of people, whether ‘billionaires’ or ‘Trump Supporters’ or ‘oil execs’, etc. to be lined up against the wall and shot.

There is no rational discourse anymore, only shouting matches, angry Twitter feuds, and ‘mostly peaceful’ protests. The takeover of so many college campuses across the Land of the Free is a testament to how far civil discourse has fallen.

It’s so bad that a number of polls suggest up to 43% of Americans think another civil war is coming within a decade. Even Ray Dalio-- billionaire founder of the world’s largest hedge fund-- recently said the same thing in an interview with the Financial Times last week. Some politicians and vocal social media personalities have also called for a ‘national breakup’.

Given that there’s even a Hollywood production out in the theaters right now literally called Civil War about a future breakdown of the US, we thought it was time to weigh in with a dose of reality.

Let’s be honest: an actual “war”, i.e. shooting, violence against violence, etc. isn’t going to happen.

Just like the French civil war in the mid-1600s, the majority of the hyper-angry progressive rebels in America today are elitist cowards. One need only take a look at the people who have taken over the universities: they’re idiot kids, not terrifying holy warriors.

Sure, it’s easy to look tough and storm an administrative building when your spineless university president tacitly (or explicitly) supports your cause.

But the second there’s any real violence, i.e. someone who fights back, they’ll all run away in an instant. They can’t even take a bloody nose.

To Read More:

https://www.schiffsovereign.com/trends/civil-war-really-150863/

How Deleting Three Zeros Will Change the Iraqi Dinar: Awake-In-3D

How Deleting Three Zeros Will Change the Iraqi Dinar

On May 20, 2024 By Awake-In-3D

The critical differences between currency re-denominations and exchange rate purchasing power explained.

In This Article

• Introduction to Currency Re-Denominations

• IQD: Practical Examples and Misconceptions

• The Impact on Salaries and Real-Life Scenarios

• Kuwaiti Dinar: Understanding Currency Exchange Rates and Purchasing Power

Currency re-denominations and exchange rate purchasing power are essential concepts to clearly understand in a global financial system.

They influence how money is valued and used in different economies.

Introduction to Currency Re-Denominations

Currency re-denomination involves changing the face value of a country’s currency by removing zeros from the notes. They are not rare.

Romania, for instance, re-denominated their currency in 2005 by deleting five zeros. Both the old and new notes remained in circulation together.

Romania deleted five zeros from their currency in 2005

This process does not alter the currency’s actual purchasing power. It is typically undertaken to simplify transactions and accounting.

Practical Examples and Misconceptions

Example: Iraq

Consider Iraq, where a 1,000 IQD note currently buys a single loaf of bread.

If Iraq re-denominates its currency by removing three zeros, the new note would be a 1 IQD note. Despite this change, the new 1 IQD note would still buy the same loaf of bread.

The purchasing power remains unchanged because the value of the currency relative to goods and services stays the same.

Common Misconceptions

Some people believe that removing zeros from a currency increases its purchasing power.

For example, they might think that the new 1 IQD note would buy 1,000 loaves of bread instead of one. This misconception ignores the fundamental principle that re-denomination is merely a cosmetic change.

The actual value of the currency, and what it can buy, does not increase.

The Impact on Salaries and Real-Life Scenarios

To further clarify, let’s consider a salary scenario.

If an individual in Iraq earns 100,000 IQD per month, a re-denomination removing three zeros would change their salary to 100 IQD per month.

The new 100 IQD salary would still have the same purchasing power as the old 100,000 IQD salary, allowing them to buy the same amount of goods and services.

Historical Context: Zimbabwe

Zimbabwe’s experience with re-denomination provides a similar example in reverse.

During periods of hyperinflation, Zimbabwe repeatedly added zeros to its currency, creating notes worth trillions of ZIM.

Zimbabwe 2008 100 Trillion note.

However, these new notes did not buy more than the previous billion ZIM notes, illustrating that re-denominations do not enhance purchasing power.

Understanding Currency Exchange Rates and Purchasing Power in Kuwaiti Dinar (KWD)

Determining a currency’s purchasing power relative to other currencies involves complex calculations, especially with fiat currencies.

For example, Kuwait’s dinar (KWD) has the highest exchange rate against the US dollar. However, this does not mean that the average Kuwaiti has higher international purchasing power than the average American.

Salaries in Kuwait are lower in KWD terms, reflecting the exchange rate’s impact.

Example: Moving from the USA to Kuwait

If someone earning $100,000 per year in the USA moves to Kuwait for work reasons, they cannot expect to earn 100,000 KWD per year.

This would be equivalent to earning $260,000 per year instead of the previous $100,000/year.

It would be great for the person moving to Kuwait, yet it is a completely unrealistic scenario.

Instead, their salary in Kuwait would be adjusted to match the KWD/USD exchange rate, likely around 38,000 KWD per year at current rates.

This ensures that their salary purchasing power remains reasonably consistent across currencies.

The Bottom Line

Currency re-denominations and exchange rates are vital in understanding how money functions globally.

Re-denomination changes the face value of money but not its purchasing power.

Similarly, exchange rates impact how much goods and services can be bought in different currencies.

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

“Tidbits From TNT” Tuesday 5-21-2024

TNT:

Tishwash:  The House of Representatives receives the budget schedules from the government

Today, Tuesday, the Media Department of the House of Representatives announced that the House had received the budget schedules from the government.

The department said in a statement received by the Iraqi News Agency (INA), “The Secretary-General of the House of Representatives, Safwan Bashir Al-Jarjari, received the budget schedules from the government today.”

She added, "Al-Jarjari referred the agendas to the Presidency of the House of Representatives link

Tishwash:  The budget tables are in a final government audit before being sent to Parliament

An informed source revealed that the financial budget schedules for the year 2024 are subject to a final government audit before being sent to the House of Representatives.

“The budget tables are now in the legal department of the General Secretariat of the Council of Ministers, and it is hoped that their audit will be completed within the secretariat and then sent to the Parliamentary Finance Committee.”

The source stated, “In the coming days, the Finance Committee will review the budget schedules sent by the government and follow up on their disbursement, and will make some amendments to them if necessary to adapt them to the public need.”

The Council of Ministers voted in an extraordinary session last Sunday on the budget schedules and referred them to the House of Representatives.

Prime Minister Muhammad Shiaa Al-Sudani revealed in a press conference after the session the details of the budget tables and the most prominent contents of them. He said:

Table (A) included revenues totaling (144.336) trillion dinars, and Table (B) concerned the total planned expenditures totaling (210.936) trillion dinars.

- The planned budget deficit amounted to (63.599) trillion dinars, and Table (C) is the centrally funded workforce table, amounting to (4,079,906) employees, and governing expenditures amounted to (10.042) trillion dinars.

- The investment budget for 2024 is (54.298) trillion dinars, and may reach 55 trillion dinars.
- Governorate allocations to local government programs with an investment allocation amounted to (10.633) trillion dinars in 2023, and we financed (3.333) trillion, based on fundamental requests from the governorates.

- The remainder of the allocation (7.333 trillion dinars) is in a trust account, at the disposal of the provincial governments.

- Allocating approximately (8) trillion dinars to ongoing projects, including allocations in 2024.
- For the first time in the history of budgets, we have exceeded spending by 50%.

The increase in debt repayment amounted to 3.9 trillion dinars. In 2023, the debt repayment was 12,751, and in 2024, we repaid 16.725 trillion.  link

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Tishwash:   Government Spokesman: This year and the coming will witness progress on important projects that affect the lives of citizens

The official spokesman for the Iraqi government, Bassem Al-Awadi, announced today, Monday, that the current and next year will witness the movement of important projects that affect the lives of the citizen.

Al-Awadi said in a televised statement: “The Iraqi government has tended to reduce debts and reduce the deficit in the upcoming budget, indicating that the government has tended to maximize non-oil revenues to more than 18 trillion, adding that the government has tended to grant guarantees and guarantees for vital projects that revive the economy.”

Al-Awadi stressed, “Our institutions are able to compensate the United Nations mission and our cooperation continues with the organizations.”  link

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Tishwash:  Iraq is whitewashing its debt book... and fears of financial waste

Iraq closed the file of its debts owed to the International Monetary Fund and accumulated since 2003, with a total amount exceeding 8 billion dollars, through several loans that were aimed at supporting macroeconomic stability and implementing financial reforms.

According to the financial advisor to the Iraqi government, Mazhar Muhammad Salih, after 2003, the International Monetary Fund provided several loans to Iraq that were aimed at supporting economic stability and implementing financial reform processes between the years 2003 and 2021.
Saleh explained, in an interview reported by the Iraqi Media Agency (INA), that Iraq obtained several financing programs from the International Monetary Fund, including emergency loans and relatively long-term financial aid. 

Saleh stated that since 2003, the value of loans and financial aid granted by the International Monetary Fund to Iraq amounted to $8 billion, and was repaid in full, with a focus when granting loans on implementing programs linked to supporting macroeconomic stability and implementing the necessary financial reforms. The International Monetary Fund had previously explained that Iraq needs to gradually correct its public financial conditions, to achieve debt stability in the medium term and rebuild financial reserves.

In its statement, the Fund welcomed the strong economic recovery, low inflation in Iraq, and the improvement in local conditions that led to the implementation of the first three-year budget, stressing the necessity of sound economic policies and structural reforms in Iraq to secure public finances and debts, given the regional conflicts that may affect oil prices.

At the end of last year, 2023, the International Monetary Fund stated that Iraq's economy relies heavily on oil revenues, and needs radical structural reforms to diversify sources of income and achieve sustainable growth. 

Financial waste

In this context, the financial expert, Rashid Al-Saadi, said that financial waste in Iraqi state institutions exceeds 40 billion dollars annually, and that Iraq is capable of addressing this serious problem by drawing up a sound monetary economic policy and reducing levels of financial waste. Al-Saadi added to Al-Arabi Al-Jadeed that Iraq was one of the founding countries of the International Monetary Fund in 1944, and has a strong position in the international financial system, due to its high confidence that enables it to achieve its economic policies and provides sustainable development opportunities.

He pointed out that the International Monetary Fund's decision not to provide Iraq with development loans comes because of the Fund's policy, which requires granting debts for the purpose of achieving sustainable development projects and not in order to pay salaries and the deficit in the state budget. Al-Saadi stated that the IMF stressed greatly the importance of Iraq’s move to rationalize its cash consumption, work to achieve new resources, and invest its natural and human resources to achieve the optimal financial output away from the financial waste occurring in state institutions.

He stressed that there are more than 100,000 employees who receive salaries without any work or production, in addition to the presence of approximately 150,000 employees who receive more than one salary, in addition to the great waste in the expenses of the government and its higher institutions. He stated that the financial waste in salaries and expenses holds the state budget at more than 40 billion dollars annually, which is a dangerous percentage that leads to significant slackness and a dangerous increase in the volume of expenditures, stressing the importance of reducing surplus expenditures and working to diversify the sources of national income for the Iraqi state. 

Loan burden

The economic researcher, Ahmed Sabah, said that Iraq tried to improve its relationship with the International Monetary Fund after 2003 through the Paris Club Agreement and the resulting decisions in order to extinguish the debts incurred by Iraq before its invasion in 2003, which were estimated at around 100 billion dollars, and which passed Several stages ended in 2008.

Sabah added to Al-Arabi Al-Jadeed that Iraq bore the burden of new loans at the beginning of 2014, which witnessed a rise in government expenditures on the battles to regain control of the areas that fell under the control of ISIS, and the financial problems that befell the state and a large deficit in the balance of payments. Which prompted him to request a loan from the International Monetary Fund worth $5.34 billion to meet his financial obligations.

Sabah stressed that Iraq did not sever its relationship with the International Monetary Fund, but rather the economic policy currently followed has caused the Fund to lose its confidence in it, due to the large waste of money in Iraq and the high volume of unjustified spending far from production and the multiplicity of means of national income. He stated that Iraq's economy is unstable and suffers from many fluctuations due to its total dependence on oil revenues, in addition to the state's poor economic management and its weak production performance.

Sabah stated that any decline in global oil prices will cost Iraq a lot, increase the deficit rate and raise the levels of economic risk that will result in Iraq’s bankruptcy and its reaching dangerous stages. He stressed the importance of improving Iraq's financial situation and strengthening its economic relations with international financial organizations and bodies to raise the level of confidence and confront economic crises.  link

Mot:  . Understanding Women!!! ---

Mot: ... The Moments When Ya Wonder – Hmmmmmmmm

News, Rumors and Opinions Tuesday AM 5-21-2024

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 Tues. 21 May 2024

Compiled Tues. 21 May 2024 12:01 am EST by Judy Byington

Judy Note: The Globalist Cabal was bankrupt and trying to create World War III. They wanted to profit from both sides of another war, plus was setting up The Great Reset of fiat digital currency in order to completely control the World’s financial System and subsequently, the People of the World.

In the meantime the Cabal’s once ally Iran was accepted into BRICS gold/asset-backed currencies, which meant they agreed to 100 years of peace.

You are witnessing a race between two superpowers who are trying to establish themselves as the world’s financial power.

Another World War would create a Global Financial Crisis that makes way for implementation of the Cabal’s Great Reset.

The Cabal’s Blackrock former Portfolio Manager Ed Dowd, explained why every last remnant of human freedom depended on widespread rejection of the Great Reset’s CBDC. “It is literally a prison planet. Once the Central Bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down.”

Experts warn that US may freeze bank withdrawals as currency fear rises.

Judy Note: Could the Cabal’s US Inc. be involved in the Iranian helicopter crash on Sun. 19 May where the Iranian President and all his high up government officials were killed?

Iran was collaborating with Russia on creating a single BRICS currency – which would nullify the Cabal’s US Inc. planned Great Reset.

The Cabal was broke due to their fiat Federal Reserve US Dollar and they needed a World War to keep themselves financially afloat.

The death of Iranian officials triggered the Iranian Stock Market to crash, which affected a downfall of the Global Financial System.

~~~~~~~~~~~~~~

Global Currency Reset:

Fri. 17 May 2024 MarkZ: “On May 22nd, (This is from the IRS but other government agencies are also doing this) they will be conducting emergency alert tests nationwide to all their employees on text messaging, email and laptop notifications. So they are prepared for May 22nd.

US Treasury Conference Call on Sun. 19 May 2024: “Everything is on schedule and the US is finishing up last minute paperwork. All tests for the RV have gone great. Stay positive. It’s coming.”… Mena, Liberty Lounger Extraordinaire on Telegram Sun. 19 May 2024

Mon. 20 May 2024 Wolverine: “It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month.”

Mon. 20 May 2024 MarkZ: “Many banking sources are expecting big things this week. Some expect things as early as today. Many bankers are upbeat about today and this upcoming Memorial Day Weekend. 

Mon. 20 May 2024 Rubix Q: “I now have a banker and he has verified this is real. They have been trained and it is a WF bank. He also said that they will be playing a huge role in this. Call around ask for a wealth manager. If they are participating they will set you up with a relationship manager. I was also told when asking, we will not be the ones under NDA…He couldn’t say anymore….hint hint.”

“Gold is money. Everything else is credit.” -J.P. Morgan 1912

Read full post here:  https://dinarchronicles.com/2024/05/21/restored-republic-via-a-gcr-update-as-of-may-21-2024/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   There's some good articles about the float... that's the number one topic right now...We're looking for those videos I told you about.  We're looking for more information to be coming out.  This plethora of articles, notice they're all focusing on what?  The float.  Because that IMO is what's next.

Fnu Lnu  [Reference to the need for an NDA]  There is nothing for any Dinar holder to disclose.  ALL DINAR OWNERS will get the exact same amount for the exchange rate of their Dinar. There will be NO DIFFERENCE in rate between participating banks or whether you go to an off-site exchange location or not. NONE! NADA! There is NO information to protect for the ordinary Dinar owner/investor. People who were invited to participate in the Private Placements were typically those who have over 10,000,000 Dinar and the reason for the NDA is because they will receive a substantially higher rate for their exchange because they are selling to private foreign entities, in a private sale, outside the general public participant who typically owns only one 25,000 Dinar Note.

BRICS End G7 Hegemony: What is Next?

Fastepo:  5-20-2024

Ever wondered why BRICS+ is set to outpace the G7 in economic growth and global influence?

 With its rapidly growing economies and a young, dynamic population, BRICS+ is reshaping the global economic landscape.

Discover how this bloc is challenging Western dominance and creating new opportunities for the Global South.

Dive into the video to explore the future of global power dynamics!

https://www.youtube.com/watch?v=2Ly3BrIhTHw