"Why Reset Gold-Backed Currencies?" by Ron Giles 12-23-2020
."Why Reset Gold-backed Currencies?" by Ron Giles - 12.23.20
Entry Submitted by Ron Giles at 2:28 AM EST on December 23, 2020
Recent posts have given an extremely distorted view of the future of the Global Currency Reset, initiated as the solution to the Cabal, Debt-based, Fiat fiasco, banking system.
The confusion lays in the assumption that the old will be assimilated into the new as if one could pour old wine in a new bottle to produce a better taste. Nice try Bankers, you lose again.
That process will not work. The old wine is still tainted and needs to be thrown out and destroyed. If this is still not clear, let’s put it this way. Any old spoiled wine is bad and is not only distasteful but repugnant and will continue to make people sick even if it is poured into a new bottle and sold as new wine.
"Why Reset Gold-backed Currencies?" by Ron Giles - 12.23.20
Entry Submitted by Ron Giles at 2:28 AM EST on December 23, 2020
Recent posts have given an extremely distorted view of the future of the Global Currency Reset, initiated as the solution to the Cabal, Debt-based, Fiat fiasco, banking system.
The confusion lays in the assumption that the old will be assimilated into the new as if one could pour old wine in a new bottle to produce a better taste. Nice try Bankers, you lose again.
That process will not work. The old wine is still tainted and needs to be thrown out and destroyed. If this is still not clear, let’s put it this way. Any old spoiled wine is bad and is not only distasteful but repugnant and will continue to make people sick even if it is poured into a new bottle and sold as new wine.
Anyone who believes this procedure is valid is demented and has lost their cognitive reasoning skills, or maybe they are a part of the Cabal disinformation scheme that needs the old system around to support this debt centered oppressive financial system.
That debt system has destroyed many a life and is the reason a brand-new system needed to be initiated by the Alliance as the world economic structure using Gold Backed currencies.
Those who believe in old Fiat money as a way of the future are sadly mistaken. Enough said. Nothing about the old Central Banking System will survive, including Wealth Managers connected to a bank.
Any and all arguments that say there is insufficient Gold in the world to accomplish this new Financial System is out of touch with reality and is promulgating their demented point of view of world economics. This is a serious accusation but is, never-the-less true. Why?...because it doesn’t even matter how much Gold is used to back the world currencies, it only needs enough to establish, “VALUE,” as it relates to international trade using national currencies.
Once this, “VALUE,” is re-established and becomes seasoned over time, it becomes the accepted medium of exchange and accomplishes the purpose for which it was created.
When the Global Currency Reset (GCR), will take place concurrent with the RV and all Gold Backed currencies will be established on par with all other currencies, After this takes place the price of Gold does not matter. If the price of gold goes up, the value of all currencies goes up at the same time.
This reflects in the value of all currencies from one currency to another. They all go up and down together. It is genius, and the results are a sustainable and functional worldwide system of trade using any national currency, NOT JUST A CURRENCY JUDGED AS A "RESERV" CURRENCY. The GCR (Global Currency Reset) has RESET ALL CURRENCIES ON A PAR VALUE. No one's currency is better than another's.
The Central Banking System proponents have tried to enhance the "Value Quotient." of all currencies by claiming that each country is backing its own currency with, in-ground hard assets, as well as soft assets inherent to the economic structure within the country. This means that each currency issued acts like a bond, backed by assets. There is little VALUE that can substantiate a country’s currency unless it is a, “perceived value,” acceptable to other trading partners in the world economic arena.
Perceived Value, is always necessary for any transaction using currency. If I don’t perceive your currency as, “valuable,” then I have no interest in receiving your currency in exchange for the value I place on what I am exchanging with you.
The GCR with its Gold Backed currencies establishes parity with all other universally Gold Backed currencies in the QFS and this ends the possibilities of a Nixon type maneuver that destroys value with just the whisk of a pen. Parties to a transaction need to have faith in the currencies and products being exchanged so that they do not lose value when transacting business with another Nation.
This is why the Gold-backing within the QFS uses the Chinese Elder's gold to back all currencies on the international commercial markets. It is safe, reliable, and creates honest dealings with one country to the next.
The Microcosm of Zimbabwe is a historical example of the Macrocosm as to, perceived value, and the need to, “Reset,” the perceived value back to where it can facilitate transactions between countries.
This lack of public, perceived value with the Zim, produced hyperinflation the world has never seen before, and probably will never be seen again. Did the, Perceived Value, of the Zim have anything to do with the inflation? Absolutely! It took 3 - 5 100Trillion notes to buy a bus pass to go across town. Who is responsible for this hyperinflation? Was it the Chines supported Mugabe government that mismanaged the Zim’s value or was it just that the people lost faith in the value of the Zim? Which came first the chicken or the egg?
It is just a blame game, but the lack of value perceived by Zimbabweans exacerbated the hyperinflation. Mugabe and his cabinet who mismanaged and lost billions of dollars, are yet to be free from prosecution for this extreme destruction of the Zimbabwean economic structure. The non-bond Zim was re-introduced in November of last year as par with a basket of other foreign currencies that included the USD, but it did not last long. The country needed a new volume of Zim to run its economy but the Zimbabweans still did not believe in the government's moves.
Fiat currency can only be used until the perceived value is lost and a correction needs to take place. Because the whole worldwide financial structure is based on the easily manipulated Fiat currency with its Reserve Currency manipulations, the whole world needs a reset back to a "Perceived Value," currency system that accommodates international trade equally.
The old system cannot just be, FIXED, it has to be a total, RESET, to move forward as Perceived Value.
The longer the Fiat system is left unchecked, it will produce similar hyperinflation that caused the destruction in the Zimbabwe economy but on a worldwide basis.
Hyperinflation benefits those who create the debt structure of Fiat currencies. When one needs to pay a debt back, creating your own currency to pay that debt is an economic train wreck waiting to happen. We are seeing this train wreck in real life as it plays itself out.
Presently, any Perceived Value from the old system has to go through an extensive and intense, re-evaluation process to be acceptable in the new system. The old despicable system of bonding new-born babies as an acceptable way of making money out of nothing, will not be automatically included in the new system. Are these the old Collateral Accounts?
Any value, thus obtained as assets, will be confiscated within the new asset-based currency reset and used as public holdings within the new currency reset. This is a huge undertaking when other more acceptable ways of resetting the currency values may be used by simply washing away this demented process of value and start anew. This is akin to either flushing the toilet or attempting to reclaim any old value discarded in the toilet bowl as waste. Unless there is a system in place before reclamation attempts, which there is not, it is not a practical solution.
Trump has given an Executive Order to confiscate hard assets by those who have profited by abusive practices against humanity. I believe this is an attempt to disallow ill-gotten gain from being used as value by Cabal types leftover from the Fiat system. It has deprived them from enjoying the fruits of their illegal activities in the new system, and rightly so.
This, I believe, is the Alliance maneuver to separate the wheat from the chaff and eliminate the Cabal participation in the new Gold-backed system of currencies. It has only just begun and we shall see the complete separation prior to the RV taking place.
Trump is simply an Alliance actor. Whether you like him or despise him, it’s inconsequential. If he has taken amnesty for sins from the past or is simply an actor on the public stage, his work, his part, is essential to the GCR/RV plot and the restoration of the Republic event we call NESARA/GESARA.
The time it takes is interminable to those of us who know not what is taking place. We are squirming in our theater seats as we conjecture who are the villains and who are the good guys. When, "THE END," flashes across the screen and the movie credits begin to roll, we will know how we got to the end of the play. Please pass the popcorn, this movie is too long and I’m getting hungry, again. I hope it ends before I pass away from indigestion from only eating popcorn.
WE bought the ticket so we must stay put to get our Value. I worked my ass off before I bought my ticket so without any fat back there, I keep moving to get comfortable but all comfort has alluded my skinny posterior. I shoulda brought a cushion and a lunch. But it is an interesting movie, I just wish it had an intermission or two or three.
Ron Giles
Reference previous post. "Gold as Currency" by Ron Giles - 4.8.18
https://inteldinarchronicles.blogspot.com/2020/12/why-reset-gold-backed-currencies-by-ron.html
More News, Rumors and Opinions Tuesday Afternoon 12-22-2020
.Courtesy of Dinar Guru
Frank26 We have a situation where the CBI is coming out and saying we have a new exchange rate for the Iraqi dinar. Don't we have a bunch of articles that said 'we're working very hard to raise the value of the dinar?' Don't we have the IMF that said 'Iraq is going to lift the value of their currency before the end of this fiscal year?' We told you the value of the Iraq dinar was going to go up based on all the articles. These articles are powerful because they come from the horse's mouth not our opinion. So what happened? [Post 1 of 2]
Frank26 ...Back in the 1990's...China takes their newspaper, they take a full page and it was a disclaimer from the Chinese government saying 'We're not going to raise the value of our currency...' Three days later...the IMF announces that the Chinese currency has gone up in value. Kuwait in the late 1990's did the same thing...why did you do what you did? ...Kuwait and China say it's because we're going through a monetary reform with our currency. Iraq is going through the same thing...what they're doing right now is a one time thing. This 1450 is only for a short time. [post 2 of 2]
Courtesy of Dinar Guru
Frank26 We have a situation where the CBI is coming out and saying we have a new exchange rate for the Iraqi dinar. Don't we have a bunch of articles that said 'we're working very hard to raise the value of the dinar?' Don't we have the IMF that said 'Iraq is going to lift the value of their currency before the end of this fiscal year?' We told you the value of the Iraq dinar was going to go up based on all the articles. These articles are powerful because they come from the horse's mouth not our opinion. So what happened? [Post 1 of 2]
Frank26 ...Back in the 1990's...China takes their newspaper, they take a full page and it was a disclaimer from the Chinese government saying 'We're not going to raise the value of our currency...' Three days later...the IMF announces that the Chinese currency has gone up in value. Kuwait in the late 1990's did the same thing...why did you do what you did? ...Kuwait and China say it's because we're going through a monetary reform with our currency. Iraq is going through the same thing...what they're doing right now is a one time thing. This 1450 is only for a short time. [post 2 of 2]
TNT:
Harambe: AllAfrica: Zimbabwe Govt Dumps 10,000 Ghost Workers: World Bank Assists
(12/21/20)
AT LEAST 10 000 suspected ghost workers have been struck off the government payroll after a biometric registration exercise that was carried out with the assistance of the World Bank.
According to the state media, the Public Service Commission (PSC), during a workshop for the Parliamentary Portfolio Committee on Public Service Labour and Social Welfare, the PSC and the Apex Council grouping staff associations, PSC head of human capital development and management, Moses Mhike, said the exercise of flushing out ghost workers ongoing.
"Ghost workers are no longer an issue. We have managed to account for those on the Salary Service Bureau (SSB)," he said.
"We conducted a biometric exercise to get the data of all civil servants and comparing with the Registrar's Office. We realised that about 10 000 were not biometric compliant and traced them at each and every work station."
PSC secretary Jonathan Wutawunashe said the PSC simply eliminated ghost workers by withdrawing salaries to those who were non-complaint to the biometric exercise.
No arrests were made.
"We made sure that we stopped paying those non complaint and only the legitimate ones came forward. However, the exercise should be an ongoing thing," he said.
The biometric registration was implemented with the assistance of the World Bank as part of efforts to weed out ghost workers and modernise management of the civil service.
https://allafrica.com/stories/202012210215.html
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Harambe: Vietnam+: Vietnam's economy to grow 6.8 percent in 2021: World Bank
(12/22/20)
Hanoi (VNA) - Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”.
This projection assumes that the COVID-19 crisis will be brought gradually under control, notably through the introduction of an effective vaccine.
The report emphasises that Vietnam might be exposed to fiscal, financial, and social risks that should require greater attention from the authorities.
“Vietnam is standing at a crossroads of post-COVID-19 recovery. It has an opportunity to set itself on a greener, smarter, and more inclusive development path that will bolster resilience to future shocks from both pandemics and climate-related disasters,” said Carolyn Turk, World Bank Country Director for Vietnam. “The authorities must tackle the environmental and climate challenges with the same sense of urgency as they have done with COVID-19 because the costs of inaction are already visible and will become increasingly irreversible. The recent tropical storms in Vietnam’s central region and rising air pollution in the country’s major cities are good illustration of this fragility.”
The WB said Vietnam is expected to grow by almost 3 percent in 2020 while the world economy is expected to contract at least by 4 percent amidst the biggest global shock of the past decades.
The external sector—the main driver of economic growth in Vietnam over the past decade—has performed exceptionally well since the beginning of the COVID-19 crisis.
The country is on the verge of reporting not only its highest merchandise trade surplus ever but also an increase in international reserves. The continued inflows of foreign investment and the steady rise in merchandise exports more than compensated for the losses in foreign exchange earnings from decreased tourism activities and shrinking remittances, according to the report.
The report suggests that foreign investors have continued investing and/or shifting production activities to Vietnam due to the country’s good management of the pandemic.
According to the WB, two lessons from the successful management of the COVID-19 crisis could be extended to the environmental agenda.
The first lesson is that the best way to cope with an external shock is to be prepared in advance and move with early and bold actions. Second, beyond vision and capacity, the ability to embrace innovation and experiments is instrumental to change individual and collective behaviours, which lays at the root of strategies to cope with health and climate threats.
It argues that Vietnam’s ambition to become a high-economy will be determined not only by its capacity to exit successfully from the COVID-19 crisis but also how it will manage its natural resources and climate risks.
https://en.vietnamplus.vn/vietnams-economy-to-grow-68-percent-in-2021-world-bank/193558.vnp
Fleming Tuesday RV Update:
From what we are hearing they are rolling it out as this day is progressing. It is moving East to West. As soon as we get the safelink web sites we will post then here and in Discord and Telegram Rooms.
Our military intel contact was able to also say he knows everyone is sick of hearing this is close, but he said this time is different than in past weeks for several reasons
(1) because POTUS told his White House staff last Thu 17 Dec to leave DC to avoid any unrest as arrests started in DC,
(2) because the highest-to-date level arrests (level of Clintons, Podestas, Huma Abedin) that started over the past weekend, and because the current “mop up operation” this week that MarkZ heard about from his govt sources includes the transition through to the RV/GCR & NESARA and including Iraq’s RV rate change following last Sat’s 19 Dec Iraqi Dinar devaluation/depegging as happened in the 25 March 1991 Kuwaiti Dinar RV about a week after the Kuwaiti Dinar devalued/depegging from the Dollar—showing THIS WEEK IS IN THE ZONE he said.
He could also say this week’s mopping up operation is the CULMINATION bringing a decisive victory against those Deep State & CCP bad actors who fought the RV release and the release of the NESARA /GESARA restored Republic and the constitutional freedoms and financial freedoms these give us and the nations post-RV.
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Mike Maloney
The Big Payday For Gold & Silver Investors - WHEN?
Premiered 23 minutes ago
Gold and silver investors have been waiting a long time for the ‘big payday’. In today’s video, Jeff Clark asks Mike Maloney when he thinks this may happen, and how big a payday it might be.
TNT, X22 Reports, Pimpy and more Monday Night 12-21-2020
.TNT:
Tishwash: The Iraqi Council of Ministers approves the 2021 budget
The Iraqi Council of Ministers approved on Monday the country's financial budget for the next year 2021 in preparation for sending it to Parliament for a vote.
The approval came after an emergency session of the Council of Ministers that lasted for three consecutive days.
A statement issued by the office of Prime Minister Mustafa Al-Kazemi, received by Shafaq News, stated that the Cabinet voted on the federal budget for the fiscal year 2021, in the extraordinary session held today, Monday, headed by Prime Minister Mustafa Al-Kazemi.
The statement gave no further details about the budget's content.
TNT:
Tishwash: The Iraqi Council of Ministers approves the 2021 budget
The Iraqi Council of Ministers approved on Monday the country's financial budget for the next year 2021 in preparation for sending it to Parliament for a vote.
The approval came after an emergency session of the Council of Ministers that lasted for three consecutive days.
A statement issued by the office of Prime Minister Mustafa Al-Kazemi, received by Shafaq News, stated that the Cabinet voted on the federal budget for the fiscal year 2021, in the extraordinary session held today, Monday, headed by Prime Minister Mustafa Al-Kazemi.
The statement gave no further details about the budget's content.
According to the draft budget that the Shafaq News Agency reviewed a few days ago, the budget is worth 91 trillion, 790 billion, 155 million and 429 dinars, with a deficit of more than 58 trillion.
The budget estimated, according to the draft, the price of a barrel of oil on the basis of the price of 42 dollars a barrel, and an export rate of 3 million and 250 thousand barrels per day, including 250 thousand barrels exported from the Kurdistan region.
The budget also estimated the exchange rate of the dinar at 1450 per dollar, according to what was announced by the Central Bank, while the region’s share of it was determined at about 12 percent.
Monday Night X22 Reports
[CB] Attacks Those Countries That Are Not Going Along With Their Plan-- Ep 2359a
Congress finally passed the stimulus bill. They are telling all Americans how they really feel. After months they are now giving $600 to each person, where is the rest of the funds going.The [CB] is now pushing forward with their Great Reset plan. Those countries that are not going along with their agenda are being punished.
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Pence Waits For The Right Moment To Strike, Military Planning, Think Constitution – Ep. 2359b
The [DS]/MSM are now trapped by the constitution, the law of the land. The election results are not adding up, if we take all registered voters there are 13 million voters than registered voters. Trump has been sending this message to the people. Pence has been waiting in the wings for the right moment to strike. The clock is ticking down.
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Iraqi Dinar News 12/21/20
Pimpy’s Investment Chat: Dec 21, 2020
Outlook 2021: Jim Rickards on Gold and the Fed
Stansberry Research: Dec 21, 2020
LIVE! See the Great Conjunction (Christmas Star) of 2020
Once every 20 years, the two largest planets in our solar system—Jupiter and Saturn—appear to meet in Earth’s skies. This “Great Conjunction” happens next on December 21, 2020, but this time, Jupiter and Saturn will be closer than they’ve been in nearly 400 years.
December 21 also happens to be the night of the winter solstice, and the peak of the Ursid meteor shower. For most Great Conjunctions, Jupiter and Saturn are separated by about 1 degree, which is the width of two full moons in the sky. This year, they will be separated by just one-tenth of a degree, which is one-fifth the size of the full moon.
A Great Conjunction happens every 20 years, but the last time Jupiter and Saturn were this close was the year 1623. Join Lowell Observatory at 5pm MST on Monday, December 21, 2020, to celebrate the Great Conjunction with an evening of telescope viewing and commentary from Lowell's own astronomers and educators.
News, Rumors and Opinions Monday 12-21-2020
.KTFA:
DeepWoodz: Does anybody have any ideas on how the GOI might could convince the citizens to turn in their dollars for dinars? You know, because they need to stop using the dollar cause that’s what we want. Maybe in a way that would even benefit them? Brilliant
Humble1: Sorry Deep, I have racked my brain on that topic and I have nothing, wait a minute, a thought has just occurred to me, what if, now follow this, because it is thinking way outside the box, I can't believe this just came to me, but what if, they increase the value of their dinar to be greater than the value of the dollar, I know, I know, that is super radical thought, just came to me out of thin air, but I believe that would get the citizens to deposit their dinar in the banks, but wait they would need new small category notes to make that work, oh well we can't expect them to all of a sudden print new notes at this time, if only they already had new small category notes that might work, oh well, I am at loss for what they should do Deep, nothing else comes to mind, sorry I could not help more, lololololol
KTFA:
DeepWoodz: Does anybody have any ideas on how the GOI might could convince the citizens to turn in their dollars for dinars? You know, because they need to stop using the dollar cause that’s what we want. Maybe in a way that would even benefit them? Brilliant
Humble1: Sorry Deep, I have racked my brain on that topic and I have nothing, wait a minute, a thought has just occurred to me, what if, now follow this, because it is thinking way outside the box, I can't believe this just came to me, but what if, they increase the value of their dinar to be greater than the value of the dollar, I know, I know, that is super radical thought, just came to me out of thin air, but I believe that would get the citizens to deposit their dinar in the banks, but wait they would need new small category notes to make that work, oh well we can't expect them to all of a sudden print new notes at this time, if only they already had new small category notes that might work, oh well, I am at loss for what they should do Deep, nothing else comes to mind, sorry I could not help more, lololololol
DeepWoodz: I hadn’t even thought of that!!!Brilliant!!....I was thinking the opposite. Raise the value of the dollar so they will in turn sell all their dollars for an abundance of dinars.....wait for it hold on.........................then boom change that rate to the glory days and voila!!! Citizens gettin paid!!! Whoop whoop
NKaiser: IMO the devalue makes no sense and I believe it's part of the global reset the central bankers are trying to impose on the world economy.
Clare: Rare ‘Christmas Star’ to be visible for first time in 800 years on Dec. 21
Jupiter, Saturn align perfectly to create rare star on winter solstice
With this year’s winter solstice comes more than just confirmation of our already-cold weather and ever-fleeting daylight: The rare “Christmas Star” will be visible for the first time in 800 years.
Each year, Earth’s northern hemisphere enters the winter solstice on Dec. 21 -- the shortest day of the year -- officially marking the start of winter. This year, bright planets Jupiter and Saturn will align perfectly on Dec. 21 to create what is commonly called the Christmas Star or the “Star of Bethlehem.”
According to NASA, Jupiter and Saturn align with one another every 20 years or so, but not nearly as close together as they will be in 2020. The planets have not aligned this closely in about 400 years, nor has their alignment been visible (occurred at night) in about 800 years.
The timing of the occurrence couldn’t be more perfect: The winter solstice may be the shortest day of the year, but that also means it’s the longest night of the year -- so there will be plenty of opportunity to take a peak at this once-in-a-lifetime star.
Experts say the Christmas Star can be seen by the unaided eye just after sunset on Dec. 21, 2020. Just make sure you’re facing southwest.
It’s also possible that the phenomenon will be visible throughout the week.
We suggest you seize this opportunity if you can -- experts believe Jupiter and Saturn won’t be this close together again for at least another 60 years.
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Courtesy of Dinar Guru
Jeff Iraq just basically came out saying that the value of the dinar against the dollar has devalued...devaluing the currency, which is reducing purchasing power - it's a last-ditch effort to squeeze the three zero notes out of the citizens. That's all this is...a last-ditch effort to reduce the amount of dinar in the county of Iraq...it's nothing more than a distraction to mislead us, confuse us and to get us to get rid of our dinar...
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PIR 12-21-20 Patriot Intel Report!
Published December 21, 2020
Big Things are happening…….
https://rumble.com/vc2imd-pir-12-21-20-patriot-intel-report.html
SILVER ALERT! Silver Pops & then "Flash Crashes" as Mnuchin PANICS!! (Bix Weir)
Dec 21, 2020
When's the last time you saw the Silver price SPIKE +$1.50 and then get "Flash Crashed" -$2.50 in just a few hours on the COMEX?! It's been a while that this sort of criminal manipulation has transpired but here we are again!
Treasury Secretary Steve Mnuchin has to have an Emergency Interview on CNBC this morning to "Calm the Markets" ...Good Luck with that! THE SILVER KNIGHTS ARE HERE to Destroy the Banking Cabal!!
The Terrifying Background of the World Economic Forum & the Great Reset
Life Growth Academy: Dec 20, 2020
This video explores the founding history of the World Economic Forum, its founder and the new marketing material for the ultimate wealth transfer the Great Reset.
Bix Weir, Max Keiser and Silver Report Uncut Saturday 12-19-2020
.Bix Weir
ALERT! Silver Strong Testing Technical Floor as FREEDOM AWAITS!!
Dec 18, 2020
The End Game for silver manipulation is playing out as we speak.
This is a year of record breaking in silver but the Big One is breaking through the ATH (All Time High)...which is $50/oz.
That's the triggering of a Banking Derivative Implosion and the End of the Banking Cabal.
We are so close but ANYTHING can happen at any moment so hang on tight!
Bix Weir
ALERT! Silver Strong Testing Technical Floor as FREEDOM AWAITS!!
Dec 18, 2020
The End Game for silver manipulation is playing out as we speak.
This is a year of record breaking in silver but the Big One is breaking through the ATH (All Time High)...which is $50/oz.
That's the triggering of a Banking Derivative Implosion and the End of the Banking Cabal.
We are so close but ANYTHING can happen at any moment so hang on tight!
Keiser Report | A Magical Cornucopia, a Horn of Plenty | E1634
Dec 19, 2020
In this episode of Keiser Report, Max and Stacy look at the growing expectation for a magical cornucopia and a horn of plenty in which no American need ever work or produce again and that we can all be sent free money and have the world make anything we need with our free money.
Silver Report Uncut
Gold, Retail Sales Shock Holiday Flop, Hyperinflation, Wealth Inequality. Interview: Lior Gantz
Dec 18, 2020
First, we begin with a couple of the recent misses on retail sales figures during this critical holiday season and some of the greatest risks our economy faces. Lior said it is the demographic trends that will actually drive inflation into the future which would be very bullish for real estate and various other assets.
But the solution is the problem because in our current system the wealth inequality continues to grow and despite the Feds assurances the lines at food banks reveal many people are living in a depression and these stimulus hopes aren't really reaching those in need.
Money printing is another major topic and I ask "is hyperinflation possible or plausible for the US dollar" and zooming out we see the Dollar has been in a gradual process of hyperinflation for the past 50 years.
He views the dollars critical role in world commerce and a large surplus of buyers around the world due to it's reserve status
He suggests it would take a lot of abuse to shake that confidence in the way other countries have seen.
Gold & Dollar: How Money Became Worthless- Currencies Explained
.Gold & Dollar: How Money Became Worthless | Currencies Explained | Documentary | Fiat Currency
Dec 8, 2020
Documentary on World Currencies, Dollars, Gold and Money: End Of The Road: How Money Became Worthless –
Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone's lips: Is the financial crisis over, or are we headed towards economic disaster?
End of the Road is a documentary that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WW2, to the current troubles facing us today, and to the possible future that may await us all.
Gold & Dollar: How Money Became Worthless | Currencies Explained | Documentary | Fiat Currency
Plot 1 1: Dec 8, 2020
Documentary on World Currencies, Dollars, Gold and Money: End Of The Road: How Money Became Worthless –
Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone's lips: Is the financial crisis over, or are we headed towards economic disaster?
End of the Road is a documentary that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WW2, to the current troubles facing us today, and to the possible future that may await us all.
Some of the world's top economic minds share the hidden tale behind the mishandling of the world's finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe, as well as sharing their own personal advice on how the average person can best prepare for their financial future.
TNT, Pimpy, Lynnete Zang and more Tuesday Afternoon 12-15-2020
.TNT:
Tishwash: The most prominent thing that the Parliament session witnessed before it was adjourned to tomorrow
On Tuesday, the House of Representatives voted on decisions and instructed the formation of parliamentary committees, while it finished reading and discussing draft laws during its regular session No. 28 of the fourth parliamentary session of the third legislative year, the first legislative term.
The council’s media department said in a statement, which "people" received a copy of (December 15, 2020), that " the House of Representatives votes on the draft law on the accession of the Republic of Iraq to the International Hydrographic Organization agreement, as amended.
TNT:
Tishwash: The most prominent thing that the Parliament session witnessed before it was adjourned to tomorrow
On Tuesday, the House of Representatives voted on decisions and instructed the formation of parliamentary committees, while it finished reading and discussing draft laws during its regular session No. 28 of the fourth parliamentary session of the third legislative year, the first legislative term.
The council’s media department said in a statement, which "people" received a copy of (December 15, 2020), that " the House of Representatives votes on the draft law on the accession of the Republic of Iraq to the International Hydrographic Organization agreement, as amended.
She added that "the council also voted on a parliamentary committee headed by the head of the Security and Defense Committee and a number of women and gentlemen to follow up farmers' demands regarding agricultural contracts and other issues in Kirkuk governorate."
And she continued, "The House of Representatives voted on a parliamentary committee headed by the head of the Committee of Martyrs, Victims and Political Prisoners and a number of deputies to follow up on the legality of implementing transitional justice decisions, and to follow up on the implementation of Diwaniya Order No. 29 related to combating corruption and to select representatives for it from the integrity, legal and human rights committees."
She pointed out that "the House of Representatives completed the report and discussion of the draft law on the accession of the Republic of Iraq to the 1966 Protocol to the Convention for the Prevention of Marine Pollution Arising from waste dumping and other materials for the year 1972."
The House of Representatives also completed the report and discussion of the proposed law for the first amendment of the House of Representatives Law and its Formations No. 13 of 2018, in addition to that it “completed the first reading of the proposed law amending the Law on Publication in the Official Gazette No. 78 of 1977.
Parliament adjourned its session until tomorrow, Wednesday, at five in the afternoon link
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Tishwash: A “reassuring fiscal year” ahead for Iraq: an annual “slight” deficit and expected oil revenues of about $ 56 billion ..
The economic expert, Manar al-Obeidi, spoke of a reassuring fiscal year turnout for Iraq in 2021, indicating that the annual deficit will be simple.
Al-Obeidi said in a post on "Facebook": The economic situation of Iraq during 2021 and depending on the oil market and oil price extrapolations, it is clear that the year 2021 will witness an improvement in the total revenues of Iraq.
He added: Depending on the selling prices, the quantities that Iraq will sell and the size of the monthly expenses, it is expected that the annual deficit of Iraq during the next year will not exceed 8 billion dollars, which is an amount that can be controlled through improving the performance and efficiency of the management of operating expenses, specifically salaries, which can be It is the solution to the next deficit.
Al-Obeidi explained that the amount of the expected oil revenues for the next year will be around 56 billion dollars, while the total non-oil revenues can achieve 4.5 billion dollars.
And he said, that the total revenues of the Iraqi government will be around 60 billion dollars, with total expenditures of about 67 billion dollars, and therefore the economic situation can be reassuring for the next fiscal year, but reforms are necessary and because many investment expenditures are still far from the level of ambition, which needs to be re- Arranging expenditure management in a manner consistent with the requirements of the next stage.
Today, Tuesday, the Minister of Planning, Khaled Battal, announced that the federal budget for 2021 will not be included in the agenda of the Council of Ministers today, while determining the value of employees' salaries within the expected budget.
"The 2021 budget was not included on the agenda of today's cabinet session," the Iraqi News Agency quoted Battal as saying, indicating that "the price of a barrel of oil in the 2021 budget was set at $ 42."
He added, "The salaries of employees and their allocations in the budget amounted to 50 trillion dinars, and the budget for next year was sent to the General Secretariat of the Council of Ministers."
He explained, "The completion of the discussion of the budget for next year will take place within the next four days," stressing "agreement on the investment side of the budget with the World Bank."
Last Saturday, the Prime Minister’s financial and economic advisor, Mazhar Muhammad Salih, revealed the reasons for the government's delay in sending the draft 2021 budget bill to the House of Representatives.
Saleh said, “The delay in sending the draft 2021 budget bill to the House of Representatives came due to the accumulations of the financial crisis in the year 2020, and the change, amendment and addition of some resources in the 2021 budget, as there are many and large financial commitments carried over from 2020 to 2021 and this is a major reason, Solutions must be found to pay off these obligations. "
"The Iraqi government is serious about resolving the draft 2021 budget bill quickly, and there is no truth to the government’s intention to delay this delay, and to send the law to the House of Representatives, it will be very soon, after putting the final touches on it, especially since the meetings are continuing to settle the law soon," he said. link
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Courtesy of Dinar Guru
Frank26 ...the floor managers right about now...they know. They know what they need to know from the senior executive level...and now this week we believe the tellers are next...it's not a secret anymore. The reason why is the tellers, who are really connected to the citizens - they're next...the next two weeks of December are crucial...
ALERT! Get Ready for a NEW FINANCIAL SYSTEM!!
(Bix Weir & Jenny Moonstone) Dec 15, 2020
Bix & Jenny talked about the coming financial changes a few months ago and we are NOW right on the cusp of this HUGE CHANGE! The key is NOT to fear what is coming but prepare and soak in the EXPERIENCE! We are all spiritual beings that came here to experience this chaotic shift so buckle up and LEARN all the lessons you came hear to LEARN!
Lynette Zang LIVE Interview w RICE TVx & Pimpy's Investment Channel
Pimpy’s Investment Chat: Dec 15, 2020
Bix Weir and Max Keiser Tuesday 12-15-2020
.Bix Weir
ALERT! Silver's AMAZING Year 2020...is NOT OVER!
Dec 15, 2020
Almost EVERY RECORD in the history of Silver was broken this year from the most COMEX silver delivered, the most mines shuttered, the most extreme highs & lows, the highest silver ETF inflows, the highest Silver/Gold Ratio (125-1!) and of course...the biggest FINES EVER issued to the top silver market riggers! ...and there's still 2 weeks left!
Bix Weir
ALERT! Silver's AMAZING Year 2020...is NOT OVER!
Dec 15, 2020
Almost EVERY RECORD in the history of Silver was broken this year from the most COMEX silver delivered, the most mines shuttered, the most extreme highs & lows, the highest silver ETF inflows, the highest Silver/Gold Ratio (125-1!) and of course...the biggest FINES EVER issued to the top silver market riggers! ...and there's still 2 weeks left!
Keiser Report | The Smug and the Restless | E1631
Dec 12, 2020
In this episode of the Keiser Report, Max and Stacy look at the aliens fleeing their own galaxies while, here on earth, the smug of NYC and Silicon Valley are escaping the smug disasters of their own making.
Keiser Report | The Central Bank Nappy | E1632
Dec 15, 2020
In this episode of Keiser Report, Max and Stacy look at the Fed’s balance sheet as a nappy for the toxic waste of the banker derivatives fraud and how that diaper needs urgently to be changed.
In the second half, Max interviews entrepreneur, Dan Collins, who has recently returned to the U.S. after twenty years living and working in China. They remind the audience that Dan had warned 18 months ago that Hunter Biden had a China problem.
News, Rumors and Opinions Saturday 12-12-2020
.Courtesy of Dinar Guru
Frank26 Everybody knows there's a rate change coming for the Iraqi dinar. They know about the calculations. They know about the recalculations and the recalculations and the recalculations...
IMO they're done...do you understand they're applying it?
They are saying by the end of the year they will raise the value of their currency.
Of course something could go wrong. Something could delay it. We're talking about 3 weeks.
It is well known by everyone that by the end of the year they will raise the value...the articles were not specific. they do no give you date. They did not give you the rate...
IMO they're going to be on par with the American dollar...
Courtesy of Dinar Guru
Frank26 Everybody knows there's a rate change coming for the Iraqi dinar. They know about the calculations. They know about the recalculations and the recalculations and the recalculations...
IMO they're done...do you understand they're applying it?
They are saying by the end of the year they will raise the value of their currency.
Of course something could go wrong. Something could delay it. We're talking about 3 weeks.
It is well known by everyone that by the end of the year they will raise the value...the articles were not specific. they do no give you date. They did not give you the rate...
IMO they're going to be on par with the American dollar...
Saturday Fleming Update:
Our military intel contact said redemption center bankers are still being told by Treasury T4B will be in & out before Christmas, bankers & redemption center staff are excited, & the election drama ( SCOTUS on TX suit etc) is not holding back the RV release & shotgun start;
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TNT:
Tishwash: In the open, the new generation accuses the Kurdistan authorities of stealing oil money
The head of the New Generation Bloc in the Kurdistan Parliament, Kazem Faruq, accused the Kurdistan Regional Government of stealing oil money "in an open manner", calling on citizens not to give up their rights.
In a statement received by IQNEWS , Farouk said, "The current authority in Kurdistan steals resources openly and clearly," noting that "while the price of a barrel of oil was sold at $ 25, salaries were distributed once every two months and at a time when the price of a barrel of oil was (50) dollars and salaries are still paid once every two months. "
Faruq called on citizens to "continue protests and demonstrations and not give up their rights until this current authority is ended and that oil money and other resources go to serve the citizens."
And a member of the Future Bloc in Parliament, Sarkut Shams al-Din, admitted earlier in the day that the demonstrations that began in Sulaymaniyah province will not subside except by changing the political system in the Kurdistan region.
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Tishwash: Deputy: The demonstrations in Sulaymaniyah will not subside unless one condition is fulfilled!
A member of the Future Bloc in the Iraqi Parliament, Sarkut Shams al-Din, said, Saturday, that the demonstrations that began in Sulaymaniyah Governorate will not subside except by changing the political system in the Kurdistan region.
Shams al-Din said in a statement that "People" received a copy of it (December 12, 2020), "The Sulaymaniyah protesters only represent themselves, as they do not have any political leadership as some claim, and they do not want any party to represent them, regardless of their orientation."
He pointed out that "the demonstrators want, through their demonstrations, to bring down the current political system in the region, and to bring a system based on democracy and concern for the people, away from the policy of silencing, secret prisons, illegal arrests and controversial assassinations."
Shams al-Din added, "The demonstrators want Baghdad to move towards holding Kurdistan region officials accountable for the oil and border crossings files, and to take the necessary measures towards the violations of human rights in the region towards critics of the authority’s policy there and the demonstrators alike, and its silence and neglect about what is happening there is sufficient. Over the past 17 years. "
The Supreme Security Committee in Sulaymaniyah province confirmed, on Friday, that it continues to pursue the instigators of "unauthorized" demonstrations, as well as those who violate the law.
In a statement followed by People (December 11, 2020), the committee published a series of decisions dealing with the ongoing popular protests in Sulaymaniyah cities.
It reads as follows:
1 The Security Committee affirms that sabotaging the security situation, especially in Sulaymaniyah, is a red line, and that the continuation of demonstrations without a legal permit will have dire consequences.
2 The security forces have been granted new powers and plans to restore the situation as soon as possible to normal.
3 Arrests will continue for all those who incite unauthorized demonstrations and who cause damage to state property and citizens.
4 The media channels must be responsible for publishing news and covering it in a realistic manner and not defamation and incitement, and the committee will hold any media channel or institution to account in contradiction to the order.
On Friday, Sulaymaniyah Governorate witnessed a security alert and massive deployment of security personnel at the entrances and main streets, following a call by activists to renew protests in what they called "Friday of Solidarity and Continuity", while the checkpoints at the governorate's entrances prevented 4 opposition MPs from entering the city.
The "People Kurd" correspondent (December 11, 2020) stated that the governorate witnessed since the morning hours, a security alert, and an intense deployment of security forces around the governorate building.
This followed a call by activists, through social media, and statements to launch large protests, to condemn the killing of several demonstrators during the past days.
The call was issued by a body that identified itself as representing the protesters, and was made up of former politicians and MPs, in addition to activists, university professors, and book journalists.
These members pledged, through a statement that "PeopleCord" received a copy of, that they would "not nominate themselves and not assume any position in the future."
Dozens of military vehicles were seen deployed in the governorate's streets, near the local administration building, in preparation for any upcoming protest.
In a related development, MPs in the region’s parliament stated that checkpoints prevented them from returning from Erbil Governorate towards Sulaymaniyah to participate in the upcoming protests.
The deputies said, "The security authorities prevented them from entering the governorate, while they were on their way back to the city, coming from the Erbil governorate, through the main entrance."
In a later development, the lawyer and former deputy, Peyman Jimmine, announced the arrest of a number of the organizers of the Friday demonstration, including Abdullah Al-Malanouri, the former deputy and his colleague Sherko Hama Jimin.
In a live broadcast on Facebook, from one of the checkpoints, MP Ali Hama Saleh said, "Repression is the master of the situation now, and this type of judgment will not last for long."
About 8 people have been killed so far in the December protests in Sulaymaniyah Governorate, including 5 university students and two racists, in about 15 towns, while the number of wounded exceeded 50 according to medical sources. link
Mile Maloney
How To Make a Financial Planner Shriek in Horror..
Dec 10, 2020.
The look on the broker’s face was priceless. He tried to remain stoic, but I saw the fleeting look of shock in his expression. Along with a bemused look that signaled his educational pedigree was insulted.
He was reviewing my investment portfolio. He was indeed surprised—but what he said next didn’t surprise me. “You’re taking way too much risk. Physical gold? What good is that going to do you?”
Frank26, Pimpy, Lynette Zang and more Wednesday Afternoon 12-9-2020
.TNT:
Tishwash: Oil prices fall after jump in U.S. inventories
Oil prices fell on Wednesday, feeding an unexpected jump in U.S. oil inventories and concerns about slow demand, but positive news about Coved-19 vaccines boosted investor optimism about a recovery in fuel demand, limiting losses.
Brent crude futures fell 17 cents, or 0.35%, to $48.67 a barrel by 0522 GMT, after rising 5 cents the previous day. West Texas Intermediate futures fell 15 cents, or 0.33%, to $45.45 after losing 16 cents on Tuesday.
The American Petroleum Institute (IPC) said Tuesday that U.S. crude oil, gasoline and distillation inventories rose sharply last week, with crude inventories jumping by 1.14 million barrels, and weekly official oil data from the U.S. Energy Information Administration (EIA) is scheduled for Wednesday.
TNT:
Tishwash: Oil prices fall after jump in U.S. inventories
Oil prices fell on Wednesday, feeding an unexpected jump in U.S. oil inventories and concerns about slow demand, but positive news about Coved-19 vaccines boosted investor optimism about a recovery in fuel demand, limiting losses.
Brent crude futures fell 17 cents, or 0.35%, to $48.67 a barrel by 0522 GMT, after rising 5 cents the previous day. West Texas Intermediate futures fell 15 cents, or 0.33%, to $45.45 after losing 16 cents on Tuesday.
The American Petroleum Institute (IPC) said Tuesday that U.S. crude oil, gasoline and distillation inventories rose sharply last week, with crude inventories jumping by 1.14 million barrels, and weekly official oil data from the U.S. Energy Information Administration (EIA) is scheduled for Wednesday.
Britain began mass vaccinations on Tuesday in a global campaign that is one of the biggest logistical challenges in peacetime history.
News of the vaccine has helped allay fears of a sharp rise in coronavirus infections worldwide that have led to a series of renewed closures, including crackdowns in California, Germany and South Korea.
Hedge fund managers were major buyers of petroleum futures and options last week for the fourth week in a row, in a sign of increased confidence that CORONA vaccines will lead to a recovery in oil consumption next year. link
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 ...the tellers. That's where we are at...Kazemi is this close {fingers close together} to bringing the CBI governor with him to make an announcement to the citizens of Iraq. BTW this information had to trickle down slowly. For you, the international world? No. The Iraqi citizens. Why? It must not fail with the Iraqi citizens...
Walkingstick and Intel Guru Frank26 We believe that based on all that we have been seeing and studying and understand that they are going to release the new small category notes to the Iraqi citizens. And we believe it's going to be a 1, 5, 10, 25...we also believe there will be a 50 and a 100 note...the 1000 will be pulled out of circulation rather quickly ...the 250 and 500 will remain in circulation for a good amount of time...they all will remain legit and tender...I would say to you, learn when to hold them and learn when to fold them...
Pimpy Here's another thing you need to know. I don't mind sharing it with you. There has been large. And I mean extremely large movement on Iraqi dinar, especially in the last year. They're going to a lot of institutions, specially central banks. I was thinking 'why the hell is this happening'? What is going on that they are not saying?' There's been a lot of speculation out there. Yes, it appears finally some type of rate change is going to come out.
Pimpy ...Call me crazy but I can't help but think the first rate you see is going to be some type of teaser rate...right now I get 1190 dinars for one of my dollars. They might say 'ok, we'll increase the rate and now you only get 800 or 900 dinars for $1'. So it might not be anything really big. So just be careful...so what are you gonna do Pimpy? ...you earn back your money plus 25%. No, I'm just gonna sit on my dinars because I know what's coming. The more developed that country becomes the more outside investors come in there the more the dinar goes up in value. I think what they're gonna try to do is suck us speculators in there...who have been waiting 16 years and right now they'll take anything and you'll dump your dinars on the market and they will pick them up dirt cheap and eventually it will start to go up in value...It's exciting times right now.
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Iraq-IMF Discuss New Dinar Rate/Pope Visits March 2021
Currency365: Dec 9, 2020
Q&A WITH LYNETTE ZANG
WHY DO CENTRAL BANKS BUY GOLD, MUNICIPAL BONDS…
Tabor R: I understand gold & silver are extremely undervalued, who or what will be the deciding factor in the true realization of their value?
Edgar M: Why do the central banks and sovereign nations buy gold if they plan to digitize everything? Mustard Growth: What would you tell your mother if you knew that she was largely holding municipal bonds in her portfolio?
Rdfar4: When they implement the digital dollar what happens with the fiat currency we have out of the banks? Does it become worthless? Will we be able to bring it to the banks to be converted to digital?
Jwrath7: If you had credit card debt and very little, or no physical gold/silver, would you focus on paying down the debt as quickly as possible before buying physical? Or pay the minimums on debt and buy as much physical as you can afford?
Silver Report Uncut and Max Keiser Wednesday 12-9-2020
.Silver Report Uncut
Hyperinflation Happens Much Faster Than You Think, Dollar Still Sliding, Precious Metals Investing
Dec 9, 2020
The largest (insurmountable) difficulty that stands between us and a true economic recovery is the diminishing purchasing power of our currency.
It's only fitting we discuss hyperinflation since global central banks have opened up the faucet and broken off the handle regarding monetary stimulus.
One look at the M1 money supply should be enough to convince everyone the future looks choppy for The value of the dollar.
This is typical when using currencies that have no intrinsic value like fiat currencies.
Silver Report Uncut
Hyperinflation Happens Much Faster Than You Think, Dollar Still Sliding, Precious Metals Investing
Dec 9, 2020
The largest (insurmountable) difficulty that stands between us and a true economic recovery is the diminishing purchasing power of our currency.
It's only fitting we discuss hyperinflation since global central banks have opened up the faucet and broken off the handle regarding monetary stimulus.
One look at the M1 money supply should be enough to convince everyone the future looks choppy for The value of the dollar.
This is typical when using currencies that have no intrinsic value like fiat currencies.
Another aspect is the world is spreading out back into the greater economy making the US dollar less appealing at a time of unprecedented money printing.
To understand how fast hyperinflation can occur I wanted to analyze the hyperinflation in the Weimar Republic during the 1920's and it's shocking the see the price of a loaf of bread reached 300 billion marks following the world's demand for reparations paid in real money.
This led to a self-feeding loop where they printed more to meet obligations and in less than 4 years the currency had gone almost no bid.
With the unheard-of surge in the US money supply in response to economic recessions has supercharged this phenomenon of more money chasing less assets.
It's scary how far off trajectory we have veered and it's clear the days of kicking the can down the road may be limited.
Keiser Report | Need for Dollar Less Relevant | E1629
Dec 8, 2020
In this episode of the Keiser Report, Max and Stacy look at the statement from Larry Fink, CEO of BlackRock, that the US dollar could be less relevant in a bitcoin world. In the second half, Max continues his chat with Vijay Boyapati about bull market forecasts for bitcoin.