News, Rumors and Opinions Monday 1-11-2021

KTFA:

Samson:  Million Dinars, The Value Of Trading On The Iraq Stock Exchange During Today's Trading

11th January 2021
Iraq Stock Exchange indices continued their decline during the trading session on Monday, and the general index of the Iraq Stock Exchange decreased by 0.24% to reach the level of 485.92 points.

During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.

26 companies were traded, of which 5 companies increased, 9 companies decreased, while the prices of 12 companies stabilized without change.   LINK

CoCo:  During today's trading, 2.3 million shares were traded at a value of 2.04 million dinars, through the execution of 409 transactions.

This sentence is very important.  2.3 million shares of stock traded at a value of 2.04 MILLION DINARS.  2.04 MILLION DINARS is only worth about $2,000 USD. 

DeepWoodz:   Imo...After browsing through most of the articles, you can tell which blocs are mad because their old ways of corruption (fraudulent salaries & contracts) will no longer be as easy. 

CoM passsd the budget last week, maybe sooner, there was no delay, imo. 

On top of that, I highly doubt parliament will be allowed to make any pertinent changes. Notice the same old talking points, ie...we aren’t gonna vote, or we won’t change salaries, or Kadhimi has failed the people.

No what I say? SHUT UP BOZO! Soon you will be voted out. Now go put some paper in the xerox and put some paper clips at each desk, and oh yea, the bathroom is out of toilet paper. How bout fix that! 

Then along comes this GOLD NUGGET.(see article below) ... you know why they can plan a MILLION home project?........because imports are now SUPER CHEAP with them shiny NSCN’s (Lower Denoms) and their super duper exchange rate!!!

Samson:  The Investment Authority: It is building one million housing units through investment

11th January, 2021

The National Investment Authority announced that it is continuing its plan to build one million housing units through investment

"The 2021 plan will focus on productive sectors projects such as industry and agriculture, as it contributes to diversifying the economic base away from oil, as well as absorbing a large number of workers and taking advantage of the competitive value in return for import, especially after the decrease in the exchange rate of the dinar," said the head of the commission, Suha Al-Najjar

She added, "The plan also focuses on housing projects in all governorates to proceed with the one million housing units project, in addition to finding a radical solution to the lagging projects by re-presenting them as investment opportunities  LINK

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 Courtesy of Dinar Guru

Jeff    they already did the first reading of the 2021 budget yesterday -Saturday...

MilitiaMan    Article:  "Parliament opens a "direct channel" with the government to amend the budget"   Quote:  “especially with regard to the chapters that result in deleting and increasing funds."  Well deleting zeros is to increase funds is it not? ...IMO it is...

Jeff   Iraq really doesn't have a lot left to do... devaluing the currency was at the request of the World bank and the IMF.  It was a preparation step for them to reduce the physical note count in the county of Iraq and they are also injecting US dollars at this time.  That way when the rate does change the citizens will have to turn in their US dollars in exchange for dinar.  This is just steps for when the rate does change.  Right now you are in the season for the rate change...

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"Robert David Steele: 10 Days of Darkness Starts Now, No ATM, Credit Cards, Internet" by Kat - 1.10.21

This video was just posted on Twitter in 2 parts:

Robert David Steele video 1-9-21

https://twitter.com/RealPollzApp/status/1348148513167863808

10 days of darkness are about to begin.

Beginning later tonight it’s entirely possible that the ATMs, internet, and credit card processing will go down. If not tonight then perhaps Monday (1-11-21.)

https://inteldinarchronicles.blogspot.com/2021/01/robert-david-steele-10-days-of-darkness.html

Basel Accord 3: NSFR, Gold and a Monetary Reset?

Mike Harris:  Jan 10, 2021

Today, we explore the way in which Basel rules have had significant impact upon western economies & consider what the longer term intentions of the Basel 3 rules might mean for gold and the world.

 So let’s dive on in. Now this channel provides global macro insights and champions the importance of sound money in a world gone crazy .

Now the Basel Accords are said to “ensure that financial institutions have enough capital on account to absorb unexpected losses.” There have been three successive accords with Basel 1 introduced in 1988. Basel 2 which was based around three pillars of minimum capital requirements, a supervisory review process and market discipline.

Yet, such Accords failed to prevent the 2008 meltdown. So in 2010, an agreement was reached on the overall design of capital and liquidity requirements under Basel 3 which was scheduled to be introduced between 2013 and 2015.

 Yet it has been continually extended to where completion is anticipated in January 2022.

https://youtu.be/GXAawI-ZvCE?t=2

More News, Rumors and Opinions Sunday Night 1-10-2021

KTFA:

MilitiaMan: Well deleting zeros is to increase funds is it not? lol ~ IMO it is.. ~ MM

“especially with regard to the chapters that result in deleting and increasing funds."

Samson:  Parliament opens a "direct channel" with the government to amend the budget

14:27 - 10/01/2021

The Parliamentary Finance Committee expected, on Sunday, that broad amendments will be made to the draft budget law for the current year in accordance with the powers of the House of Representatives in terms of transfer according to the constitution, while it disclosed the opening of a direct channel between the government and the Finance Committee, especially those related to the chapters that result in deleting and increasing funds.

Member of the committee, Representative Jamal Cougar, said in a statement to "the information", that "the Finance Committee and members of Parliament have many observations and objections to a large number of its paragraphs, and there is no doubt that it will be subject to wide-ranging amendments in accordance with the powers of Parliament approved by the constitution."

Cougar added, "The large number of amendments will need to be reviewed directly with the government, especially those related to adding funds or reducing the fact that Parliament has the authority to transfer only."  He ruled out "restoring the budget to the government and replacing it with opening a direct channel between the government and the Finance Committee, especially with regard to the chapters that result in deleting and increasing funds."

The MP for the State of Law coalition, Alia Nassif, revealed in a previous statement to "the information", the existence of parliamentary intentions to return the draft budget bill to the government. 

TNT:

Tishwash:  Parliamentary Finance determines the changes it will make in the 2021 budget: changing the price of a barrel of oil to $56

On Sunday 10 January 2021, the Finance Committee in Parliament identified the changes to be made in the country’s federal budget for the year 2021, after the first reading that Parliament completed on Saturday, for the draft budget law, while confirming the initiation of changes and amendments starting this week.

Committee reporter Ahmed Al-Saffar said in a press statement followed by Al-Masalla that the meeting of the Finance Committee that preceded the parliamentary session was deliberative to review some paragraphs and items of the federal budget for 2021, stressing that all changes to the draft budget will be in consultation with the government.

Al-Saffar added that our changes will be in agreement with the government, in order to rectify any dispute or problem that may arise between the executive and legislative authorities, indicating that the Finance Committee will proceed with its changes and discuss the origin of the law, and it will be this week.

He pointed out that the changes that the Finance Committee will undertake is to change the price of a barrel of oil after it rose from $ 42 to $ 56 per barrel, adding that one of the most important problems and issues that we will work to change is the problem of the budget deficit.

Al-Saffar confirmed that the House of Representatives will try to accelerate the legislation of the budget law due to the current circumstances, expecting that passing the law needs a month to complete and vote on it by the House of Representatives after making a number of amendments to it.   link

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Courtesy of Dinar Guru

Pimpy  Article:   "For the second day, the dollar continues to decline against the dinar in Baghdad and Erbil"   It's not just an IR or RV you should be counting on.  There are other things that can happen to help increase the value of the dinar.  That doesn't mean an IR or RV is not going to happen.  I never said that.  I'm saying there are other things that can help the situation out.  And one of those things are what?  The purchasing power of the US dollar falling.  In other words it's losing its value.  There are articles galore saying the dollar is taking a hit.  It should not be a surprise we are expecting this sucker to take a hit big time...the Iraqi dinar will go up in value against the U.S. dollar...

Bill Holter – Gold Going to $100,000

Greg Hunter:  Jan 10, 2021

https://youtu.be/wD9mMqkxHfg?t=4

SRU and the Atlantis Report Sunday 1-10-2021

Silver Report Uncut

The End Of The Experiment Started In 1971- It's The Federal Reserve, Masterminds Of Economic Chaos

Jan 9, 2021

One of the craziest things everyone should be challenging is the Fed literally printing money and giving it to the most powerful corporations in the world via the debt market.

The other thing, if they're paying for Apple's debt, what did APPL use the money for? share repurchases and dividends you say, well that seems like a cause worth destroying the dollar for!

 This is a massive transfer of wealth to a few elite companies to achieved the ultimate economic ruin of the middle class.

As the Feds recent statements suggest they are entirely focused on the affect on markets and not the economy.

Jerome Powell has a personal fortune which He has heavily invested in many stocks including Black Rock which is actually the company they chose to issue the Feds bond buying purchases!

Both have made enormous profits thus past year in fact the greatest depression truly has been a once in a lifetime opportunity for these folks.

https://youtu.be/LgRSLPsxqwY?t=8

The Atlantis Report

2021 Economic Outlook : Inflation, Bitcoin $50k,Debt and Higher Taxes on The Road to Venezuela 2.0

Premiered 17 hours ago

America's demise is Wall Streets' success.

They are about to take America much deeper into debt slavery. They are on a deliberate mission to sell America out to the banks.

 Manufactures and corporations will hurt very badly in the coming months. Maybe they are glad they'll now be able to relocate factories in countries with cheaper labor costs. Those living paycheck to paycheck have no power. We are getting wiped out; homeless populations are exploding.

The cost of food will starve many. Everyone can keep arguing about money promised. Whatever amount is given, you will be taxed on it. Giving $2,000 to everyone. Increased taxes will be $7,000 more tax on everyone that pays a tax.

They don't care about the American people. They are going to tax us to pay our debt. The plan is to bankrupt the country; that way, people will have to be dependent on the government for survival.

What we really need is to reopen the country; small businesses, churches, schools, restaurants, EVERYTHING! Let us go back to work and let us pursue our right to life, liberty, and the pursuit of happiness.

That bill devalues our dollar. We start at $600, and we have to pay $7,000 back for it in taxes. Money does not just come out of thin air or grows on trees. The dollar is crashing. America has fallen.

People are going to be left with green paper that doesn’t mean very much! But they keep people thinking everything is going to rainbows and sunshine. They don't give a rip about us the people.

 They will bankrupt the country. They will send trillions to other countries and have kickbacks coming into their bank accounts.

https://youtu.be/ZpWlOI3Ljvw?t=5

News, Rumors and Opinions Friday 1-8-2021

KTFA

New financial statement on the adjustment of the dollar exchange rate   LINK

DeepWoodz:  Imo....GOOD ONE HERE!!!   Ok....the first part talking in circles....

The Ministry of Finance issued, on Friday, a new statement regarding the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.

....the joining of several groups to get this right...

“next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program.”

“she led extensive discussions in the past weeks after the budget was approved by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.”

and....

“She hopes that these procedures will coincide with discussions within the House of Representatives on tthe budget,”

NOW FOR THE RATE....

”The Ministry of Finance promised on Friday to make an amendment to the exchange rate of the foreign currency against the Iraqi dinar,”

And with the new rate....

”the Ministry of Finance will develop a detailed policy program designed to increase the benefits from adjusting the exchange rate.

Finally the best part and should leave no doubt....

”the main policy measures to protect the poor and vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."

Question is, are they going to do what we have been awaiting? Is it possible that they are Finally....after 18 years, going to claim their Sovereignty and Prestige as an Iraqi nation? 

I’d say that if they were just going to devalue once more, then there would be no talk of taxes. There would be no talk of helping the poor and vulnerable. There would be no talk of salary reductions. There would be no need for all the planning. There would be no need to include parties from inside and outside of the government. 

ALL CONFUSION STOPS HERE. IMO

DeepWoodz: Imo....Whats more PROMISING for a great rate?!?! Great prosperity for Iraq!!! This is getting SO GOOD!

Samson:  Oil prices are near an 11-month high

8th January, 2021

Oil prices held close to their highest level in 11 months, today, Friday, and is on the path of achieving strong weekly gains, as Saudi Arabia's pledge to reduce production continued to support sentiment in the oil market.

Brent crude rose 13 cents, or 0.2 percent, to $ 54.51 a barrel by 05:31 GMT. The global benchmark touched $ 54.90 on Thursday, the highest since February. And US West Texas Intermediate crude gained 14 cents, or 0.3%, to $ 50.97. Crude closed up 0.4% on Thursday, after it also reached its highest level since February, at $ 51.28 a barrel.

The two benchmarks are on track for gains of about 5% this week. "Saudi Arabia's decision to undertake voluntary cuts to its production continues to support the market," said Hiroyuki Kikukawa, general manager of research at Nissan Securities.
He added, "The strength of global stocks, supported by abundant liquidity, also stimulates new oil purchases," but he warned that oil and stock markets may witness a correction soon, as their rise does not reflect the current situation of oil demand and the global economy. And earlier this week, Saudi Arabia, the world's largest oil exporter, said it would cut production by an additional 1 million barrels per day in February and March.

UBS raised its forecast for Brent crude to $ 60 a barrel by the middle of this year, following the unilateral reduction of Saudi Arabia and expectations of a strong recovery in demand in the second quarter, with a recovery in travel due to the distribution of anti-Coronavirus vaccines. Meanwhile, Asian stocks rose to record levels today, while the Japanese Nikkei index reached a three-decade high, as investors turned a blind eye to the high incidence of Coronavirus and political turmoil in the United States, to focus on hopes for an economic recovery later in the year.   LINK

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Friday Fleming RV Update

Our military intel contact is confirming Mr. Fleming's sources and other sources saying that what happened in DC yesterday, though it may look bad, really speeded up the RV / GCR release process to get it out and get us in T4B started, & the shotgun liquidity release started, as quickly as possible BEFORE Wed 20 Jan;

He is confirming Mr. Fleming's source that said today Thu 7 Jan that the banker overseeing exchange centers in 5 southwestern states confirmed what other sources are hearing that we are VERY VERY CLOSE and to "keep [your] phone[s] charged and very close by" obviously implying that T4B start could be ANY TIME NOW through the weekend and into next week;

He is confirming Bruce's sources that some of the larger bond holders are to be paid overnight tonight Thu 7 Jan and have access to funds tomorrow Fri 8 Jan and the weekend, and his info is still that bond liquidity being released this way will provide liquidity for our T4B exchanges and for paymasters globally downstreaming payouts to T1-4 when the shotgun start is initiated.

He is confirming Mr. Fleming's sources that a schedule is being finalized for start of T4B in the release sequence and that security team audits are still ongoing as of tonight Thu 7 Jan to determine which accounts already received funds (money-of-account which many account holders have said they can see in their accounts but only accessible when T4B starts), and they are also determining what remaining accounts should get funds and which accounts and account holders should NOT get funds because of Deep State ties.(edited)

TNT:

Harambe:  Bloomberg: Gold Falls Back Below $1,900 as U.S. Dollar Recovers

(1/8/21)

 Gold dropped below $1,900 an ounce as the dollar pared losses and equity markets gained, as investors digested confirmation of a Joe Biden presidency and Democrat-controlled congress.

Bullion slipped as much as 1.8% in London, erasing gains made at the start of this year, as a measure of the dollar spiked from the day’s low. The move was exacerbated by the breaching of the 100-day moving average, a key technical level.

“The move lower is technically driven,” triggered by a stronger U.S. dollar and higher Treasury yields, said Georgette Boele, an analyst at ABN Amro Bank NV. The metal should now test support at $1,870 an ounce, she added.

A stronger U.S. dollar and higher benchmark Treasury yields have so far kept gold prices in check. A raging pandemic, uncertainty over the pace of global economic recovery and expectations of rising inflation all remain tailwinds for the metal.

The two Democratic wins in Georgia’s Senate runoffs this week give U.S. President-elect Joe Biden full control of Congress, paving the way for him to push through more stimulus and higher spending on economic reconstruction. While that’s boosted inflation expectations, it’s also driven Treasury yields higher, weighing on non-interest bearing gold.

Traders will now focus on U.S. non-farm payroll data, due later Friday, to gauge the health of the economic bounce-back. Poor figures will not necessarily be good for gold, according to Commerzbank AG’s Daniel Briesemann, given a slower recovery entails lower inflation.

Spot gold dropped 1% to $1,894.01 an ounce by 10:17 a.m. in London. Silver, platinum and palladium also declined. The Bloomberg Dollar Spot Index was little changed, after gaining 0.6% Thursday.

https://www.bloomberg.com/news/articles/2021-01-08/gold-heads-for-sixth-weekly-gain-on-stimulus-outlook-fed-speak

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Harambe:  Reuters: Zimbabwe central bank lets exporters hold dollars beyond 60 days

(1/8/21)

HARARE, Jan 8 (Reuters) - Zimbabwe’s central bank on Friday reversed a decision to force exporters, including mining companies, to sell a large portion of their dollar earnings if they were not used after 60 days.

Severe foreign currency shortages are the clearest sign of an economic crisis that has sparked intermittent shortages of fuel, power and medicines in the southern African nation.

Critics blame the crisis on financial mismanagement and corruption by the government of President Emmerson Mnangagwa. It says the economic troubles are caused by droughts as well as sanctions imposed by Western countries some two decades ago.

Reserve Bank of Zimbabwe governor John Mangudya said the bank’s monetary policy committee had agreed “to remove the compulsory requirement to liquidate all unutilised export proceedings after 60 days, with immediate effect”.

But exporters would now have to sell 40% of their earnings to the central bank-run foreign currency auction, his statement said. Previously, exporters were obliged to sell 30% but could only keep the rest for 60 days before having to auction it.

Mining companies, which generate the most foreign currency, have been lobbying the government to let them keep their dollars, saying this would encourage more investment.

The Chamber of Mines, which represents the biggest mining companies, did not immediately respond to requests for comment.

The government argues that it needs the foreign currency to buy fuel, medicines and food. 

https://www.reuters.com/article/zimbabwe-cenbank/zimbabwe-central-bank-lets-exporters-hold-dollars-beyond-60-days-idUSL8N2JJ2V6?

News, Rumors and Opinions Thursday Morning 1-7-2021

TNT:

Tishwash:  Three reasons for the central bank's decline in sales: this is what's going to happen next

On Thursday, Adm. Jamal Cougar, a member of the parliamentary finance committee, identified three reasons for the decline in the central bank's sales.

"The previous sales of the central bank through its daily auction were not real, they covered more than the market needs," Cougar told Shafq News, adding that "the purpose of the merchants and banks who were buying the dollar through this auction was profit and that these profits were reduced, which affected the bank's sales."

"The proliferation of speculation in the markets was a second reason for the low sales of the central bank, as the savings of the citizens have not yet fully ended," he said, adding that "the end and return of savings to their previous places, people will accept the new government rate."

"The real trader or investor who needs the dollar will now turn to the market to get the dollar because it is cheaper than the central bank and therefore it is another reason for the low sales of the central bank," cougar said.

It is noteworthy that the central bank's sales declined after the central bank raised the exchange rate of the dollar to record sales of 8 million dollars in the last auction session held by the central bank after it reached more than 200 million dollars."   link

Tishwash:   A $ 10 difference between its "Iraqi" and international price ... a member of Parliamentary Energy comments on the rise in  oil prices

A member of the Parliamentary Oil and Energy Committee, Mahmoud Al-Zajrawi, said, Wednesday, January 06, 2021, that the new oil prices cannot be formally adopted in the financial policy.

Global oil prices rose above 52 dollars a barrel yesterday, at a time when the Iraqi Ministry of Finance drew the budget based on the price of 42 a barrel.

 The rise in oil prices, above 52 dollars per barrel, cannot be trusted with much, because prices are fluctuating and not yet stable, and they cannot be relied upon in drawing the country's financial policy.

He added that "oil prices always change with rapid ups and downs, after every development related to the Corona virus epidemic, or any security tension that occurs at the level of countries."

A member of the Parliamentary Oil and Energy Committee stated that "Iraqi exports cannot be expected about them, but indications indicate that oil may rise gradually."

Yesterday, Monday (January 4, 2021), the price of a barrel of oil rose above the level of $ 52 per barrel, achieving an increase of more than 1 percent of its price.

Brent price reached $ 52.40 a barrel, with a rise from the last price of 1.11 percent.

OPEC oil also achieved an increase of more than 60 cents per barrel, bringing its price to 50.78, while Russian crude oil reached $ 52.    link

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Courtesy of Dinar Guru

Walkingstick & Frank26   If we progressively see the auction numbers continue to fall that's another confirmation that the American dollar is about to leave the Iraqi market and very soon to be replaced with a new... denomination and a new exchange rate for these new small category notes.  It's that simple.  It's not complicated. It's on course.

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Wednesday Night X22 Financial Report

Ep 2371a – [CB]/China Economic System Are Now In The Process Of Being Destroyed

Nigel Farage says the BREXIT will not work for the people of the UK. Trump and the patriots are now pushing to bring down China economically, first it was tariffs and now they are being delisted from the NYSE. Nigel Farage says the BREXIT will not work for the people of the UK

https://x22report.com/aiovg_videos/ep-2371a-cb-china-economic-system-are-now-in-the-process-of-being-destroyed/

Major Banks Turn Silver Bulls for 2021.

Jan 4, 2021

This video explores why some of the largest investment banks are big silver bulls for 2021. We discuss the price targets that three large investment banks have for silver and we also consider a further fascinating way of gaining exposure to silver through a high quality exploration firm: Silver Dollar Resources whose shareholders include Eric Sprott and First Majestic Silver.

https://youtu.be/6--YJYuN0_M?t=8

News, Rumors and Opinions Wednesday Morning 1-6-2021

TNT:

Tishwash:  Deputy: The 2021 budget includes Kurdistan's dues for six years

Member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, said today, Tuesday, that “the 2021 budget included Kurdistan's dues for six years, stressing in return that the region has not delivered any of its revenues to the state treasury.

Al-Mousawi said in a statement to (Al-Mustaqilla) that “the draft budget of 2021 calculated the dues of the Kurdistan region for previous years (2014-2020), at a time when it did not deliver any oil and non-oil revenues to the state treasury.”

He added, “Article (11), Clause Second, stipulates that the Kurdistan region should deliver (250) thousand barrels of crude oil per day to the SOMO company, and it is more correct for the text to deliver the Kurdistan region of its entire production of crude oil to the federal authority, as is the case with the rest of the Iraqi provinces.”

He pointed out that "the current expenditures for the year 2021 amounted to (120) trillion dinars, while it did not exceed in previous years to (44) trillion dinars."  link

Cutebwoy:  Parliamentary Finance officially receives the budget and announces the date of the parliament session

{Baghdad: Al Furat News} The Parliamentary Finance Committee announced today, Wednesday, that it has formally received the draft federal budget bill for 2021.

Committee member Jamal Cougar said in a press statement, “The committee has officially received a copy of the draft federal budget law for the current year 2021, from the Presidency of the House of Representatives.”

He added that “the House of Representatives will hold a session next Saturday to conduct the first reading of the budget bill,” indicating that “the committee will make its observations on the draft budget law after the first reading.”

Cougar stressed, “The House of Representatives will not hold a session tomorrow, Thursday, to hold the first reading of the federal budget bill.”

And the media had reported news that the House of Representatives would hold a session tomorrow, Thursday, to hold the first reading of the federal budget bill for the current year 2021.

It is noteworthy that the Speaker of Parliament, Muhammad al-Halbousi, announced on the 29th of last month the arrival of the government’s 2021 fiscal budget bill and the extension of the current legislative term for one month, in order to complete many important legislations for the coming period, including the budget.

His deputy, Bashir Al-Haddad, affirmed that “the legislative procedures to complete the federal budget law may take 20-30 days, and that the parliament will begin the first reading of the bill in early January.” 

“There will be serious and intense discussions towards reducing unnecessary expenditures in the budget law, and reducing the deficit ratio for the benefit of the middle classes, the poor and those with low incomes,” he add

Parliamentary Finance officially receives the budget and announces the date of the parliament session

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Tishwash:  Brent crude above $ 54 for the first time since February 26

 The value of the Brent oil futures contract for the month of March of this year on the stock exchange reached 54.02 dollars a barrel, according to the data of the selling platforms at 05:27 Moscow time.
Meanwhile, the price of West Texas Intermediate (WTI) rose 0.5% to $ 50.26 a barrel.

As of 05:38 Moscow time, Brent was trading at $ 53.96 per barrel (+ 0.67%), and WTI was trading at $ 50.23 per barrel (+ 0.44%)   link

Harambe:  CNBC: Oil hits 11-month high after Saudi Arabia pledges voluntary output cut ... Brent Crude to $53.83 https://www.cnbc.com/2021/01/06/oil-markets-saudi-arabia-output-cut.ht​ml

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Courtesy of Dinar Guru

Petra   the [last] two, five or six days the auctions have gone from 150-200 million down to a million, down to 350 thousand and I think today was zero.  There's definitely a change going on. 

Walkingstick & Frank26  IOO at the end of this week by Thursday or Friday and reviewed again at the end of the following week the CBI and all their money exchangers and banks will meet...on the subject of the tally of the 3 zero notes that have been collected.  They want to determine if they have hit the sweet spot that they have agreed upon with them and the IMF. The CBI and IMF have a target in order to release the new small category notes and the next exchange rate change...

Frank26   What do you mean they lowered the price of the Iraqi dinar?  Well they did.  That's impossible, they said they were going to raise it. It's the China syndrome.  China said the same thing back in 1995. 'We are not going to raise the value of our currency.'  So did Kuwait.  They said the same thing.  But 3 days later China changed the value of their currency.  They didn't want anyone to take advantage of them...The Iraqi dinar went down in value inside the country of Iraq...but now as of January 1st IMO they got a new rate...they are trying to tell you they don't have a program rate anymore...

Mike Maloney

Why Buy Gold If the System Will Be Crypto & Digital Fedcoin Dollars?

Premiered 14 hours ago

One of the hot topics today is Gold vs Bitcoin, or a completely digital dollar. What does physical gold and silver do for us if the system is going to be all digital?

https://youtu.be/QZ9s0aLnBDc?t=4

A Currency Reset, Monetary Policy, Inflation and more 1-5-2021

The Currency Reset Is Coming | Gold, Silver & Mining Stocks Will Moonshot - Lawrence Lepard

I Love Prosperity:  Jan 4, 2021

The Currency Reset Is Coming |

Gold, Silver & Mining Stocks Will Moonshot - in this video we talk to Lawrence Lepard and he explains how we got to this point, where we are on the brink of a currency reset, so many people are unemployed, what the future looks like, and his expectations for Gold and Silver.

https://youtu.be/Dxx_aBVMbKo?t=4

Governments Can't Keep Printing Money Can They? | Ray Dalio

The Economic Countdown:  Jan 4, 2021

In a recent interview with Ray Dalio, he talks about the current state of the economy and what is to come.

Dalio explains that the dollar's role as the Global Reserve Currency is at risk.

Ray Dalio explains the different types of monetary policy used in the past, present, and what will likely be done in the future. He then shares his opinion on the markets and provides investors with some ideas for investing in the coming months and years.

Ray Dalio speaks about inflation, deflation, and how different economies will react moving forward.

https://youtu.be/Ams1pWp9Zk0?t=1

News, Rumors and Opinions Tuesday Morning 1-5-2021

KTFA:

Samson:  5 New Countries Join The Security Council

5th January 2021

5 new countries joined the interim membership of the UN Security Council on Monday, while the polarization of the UN body concerned with maintaining global peace and security is increasing.

The new quintet, namely India, Mexico, Norway, Ireland and Kenya, participated in the first meeting aimed at approving an agenda proposed by Tunisia, the current chair of the council. The new countries will occupy non-permanent seats on the 15-member council for a period of two years.

Divisions in the corridors of the Council have increased in recent years, with the United States under President Donald Trump adopting a unilateral diplomatic approach.

While the veto was used by each of the permanent members ten times or fewer between 1990 and 2000, it was used on 31 occasions from 2010 to 2019, and five times in the last year alone, according to SC Prossider, the specialist news outlet.

And the permanent members of the Security Council are Russia, the United States, China, France and Britain, and each of them has the right to "veto."  LINK

Samson:  The Iraqi government postpones its "regular" session until further notice

5th January 2021

The Iraqi government headed by Mustafa Al-Kazemi decided today, Tuesday, to postpone holding its "regular weekly" session until further notice.  

A government source told Shafaq News that the cabinet decided to postpone its regular session, scheduled for this evening, until further notice.

The Council holds its regular session on Tuesdays every week.

Earlier, the office of Prime Minister Mustafa Al-Kazemi announced the postponement of the weekly press conference, scheduled for today.  LINK

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

Austin-Powers-For-PM   Next two weeks are huge. They need to finish collecting as many 3-zero notes as possible and hit a "Sweet Spot" before releasing the New Small Category Notes and releasing the rate.

Pimpy   Article:  "The dollar is dropping in Iraq"  The dollar is dropping in Iraq. That's good.  That's what you want to see happen.  If the dollar value is dropping against the dinar that means what?  The dinar value is going up...this is based on the market's response to the dinar...

Jeff    Article:   "Kurdistan Finance Minster announces "illegal" salary cuts for more than 10,000 people"  They're still talking about reforms for the fiscal year 2020.  Their reforms are scheduled and are to start in the fiscal year 2020.  They're telling you right here that you're still in the 4th quarter of the fiscal year of 2020...

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Monday Night X 22 Report

Ep 2369a – [CB]’s Prepare For The Great Reset, Trump Has Other Plans

The patriots are now moving forward with their plan to move the country away from the [CB]. The [CB]s around the world are now moving towards the great reset to save their system, this will no succeed. The patriots are moving the economic system into a system which is not controlled by the [CB]. Trump is ready to go.

https://x22report.com/aiovg_videos/ep-2369a/

ALERT! 3Boz of Secret SILVER & Free Markets!! (Bix Weir...LIVE!)

Jan 5, 2021

In September of 2019 I had a big show at the Litecoin Summit in Las Vegas where I explained just how rigged the silver market was and where it was taking us.

WE ARE NOW AT THAT END GAME MY FRIENDS!

https://youtu.be/SApIkYJ-ihg?t=8

From Recaps Archives

Lynette Zang - Signs of Past Currency Regime Change Are Repeating Today

Sep 16, 2020

SBTV's guest this week is Lynette Zang, Chief Market Strategist at ITM Trading. We discuss similar trends leading to changes in currency regimes in the past that are eerily mirrored today pointing us towards an imminent currency reset. Discussed in this interview:

 00:00 Introduction

02:12 Patterns to notice of past crashes and crises

06:33 Pay attention when history repeats

11:53 Global monetary system change to happen through revolution?

15:36 Wide disconnect between Wall Street and Main Street

18:51 How the transition to a new currency order could look like?

25:59 How the spot price and physical price will react to the next crash

29:14 Don't time the market, buy physical gold and silver now

34:01 What the world will look like when gold and silver prices are crazy high

https://youtu.be/jZzfxPGwv-0?t=4

News, Rumors and Opinions Monday 1-4-2021

TNT:

Harambe:  Bloomberg: Gold Roars Out of Blocks in 2021 as Real Yields, Dollar Decline

(1/4/21)

Gold surged above $1,900 an ounce to the highest in almost two months as lower U.S. real yields and a weaker dollar helped the metal build on its biggest annual advance in a decade.

Real yields -- the difference between nominal benchmark bond yields and the rate of inflation -- fell close to last year’s nadir on Friday, boosting bullion’s allure. The decline in real rates is being driven by a rise in inflation expectations, with investors betting that vaccine distribution, further central bank support, and continuing government aid will see demand rebound in 2021.

“Investors are looking for assets which benefit from higher inflation,” said Giovanni Staunovo, an analyst at UBS Group AG. “The reflation element is also supporting gold today.”

Bullion is also rallying as a gauge of the U.S. currency languishes at the lowest level since 2018 after sliding for three quarters. The gains in the haven come even as U.S. and global stocks are at all-time highs amid expectations that measures to combat the pandemic will reignite growth and boost corporate profits. Gold is also being supported by renewed inflows into exchange-traded funds, following withdrawals in November and the first weeks of December.

Spot gold climbed as much as 2.3% to $1,942.07 an ounce, the highest since Nov. 9, and traded at $1,940.32 at 1:50 p.m. in London. The Bloomberg Dollar Spot Index fell 0.4%. In 2020, the precious metal rose 25%. Silver rose as much as 4.3%, and platinum hit $1,115.10 an ounce, the highest since 2016.

https://www.bloomberg.com/news/articles/2021-01-04/gold-hits-two-month-high-as-dollar-real-yields-face-pressure

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Harambe:  AA: Iraqi panel says $239.7 billion smuggled outside Iraq (1/4/21)

BAGHDAD 

An Iraqi parliamentary committee has estimated that around 350 trillion dinars ($239.7 billion) have been smuggled outside Iraq since 2003.

“The amount was smuggled in the form of fake receipts and a lot of commissions were paid to officials,” Taha al-Difai, a member of the Integrity Committee, told the official Iraqi News Agency on Monday.

The MP cited political pressure on an anti-corruption committee formed by the government to look into allegations of graft in the country.

“Around $1,000 trillion dinars ($685 billion) have been disbursed since 2003,” he said, adding that this amount was “wasted in contracting and rampant corruption”.

Last year, Rahim al-Darraji, a former member of the Finance Committee in parliament, estimated the looted funds in Iraq at around $450 billion.

Iraq is witnessing a fiscal deficit of 58 trillion dinars ($43.9 billion) in the 2021 budget - almost 38.6 percent of the total budget of $102 billion, due to the decline in crude oil prices.

Last month, Iraq's Central Bank devalued the national currency against the US dollar by almost 20 percent. 

Iraq, the world’s third-largest oil exporter, says the devaluation was necessary to overcome the country’s economic crisis.

The move to devaluate the currency has sparked public outrage as the devaluation would worsen economic woes for the average Iraqi.

https://www.aa.com.tr/en/middle-east/iraqi-panel-says-2397-bln-smuggled-outside-iraq/2097655

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Tishwash: Baghdad calls on Washington and Tehran to respect the sovereignty of Iraq

The Iraqi army called on the United States and Iran to "respect the sovereignty of Iraq", in the midst of escalating tension between the two countries, with the arrival of the first anniversary of the killing of the commander of the "Quds Force" in the Iranian Guard, Qassem Soleimani, and the leader of the "Popular Mobilization" in Iraq, Abu Mahdi Al-Muhandis.

The Iraqi News Agency (INA) quoted the spokesman for the Commander-in-Chief of the Iraqi Armed Forces, Yahya Rasoul, as saying, "We do not want Iraq to be a starting point for striking neighboring countries," noting that "the Iraqi armed forces are monitoring the escalation in the region, and any strike between the United States and Iran." The results will be catastrophic. "

"Red line"

Yahya Rasoul stressed that "the sovereignty of Iraq is a red line for the armed forces," adding that "in light of the escalation between Washington and Tehran, what matters to us is the interest of Iraq."

On Sunday, thousands of demonstrators flocked to Tahrir Square in the center of the Iraqi capital, Baghdad, on the first anniversary of the killing of Soleimani and the engineer. The Iraqi News Agency estimated the number of demonstrators at "thousands", while local media indicated that most of the participants in the demonstration were supporters of the Iraqi Popular Mobilization Forces.

For his part, the official spokesman for the Iraqi Ministry of Interior, Khaled Al-Muhanna, confirmed to Al-Sharq, “the success of the security plan for the demonstrations,” stressing that “no significant security breach was recorded,” and that “the security forces practiced their work by controlling security at the place of the demonstration, And the surrounding places, and achieved a high flow of demonstrators entering and reaching Tahrir Square. "

On January 3, 2020, Soleimani and the engineer were killed in an American drone strike targeting their convoy at Baghdad Airport. Washington accused Soleimani of being the "mastermind of the attacks launched by militants allied with Iran, against US forces in the region."

On Sunday, Acting US Defense Secretary Christopher Miller said that he had changed his decision to withdraw the aircraft carrier "Nimitz" from the region, adding that "due to the threats made by Iranian leaders to US President Donald Trump and other US officials recently, I ordered the redeployment process to be stopped." Routine for the aircraft carrier Nimitz  link

KTFA:

DeepWoodz:  Imo...Just a couple tidbits, 

Article 49
“the dollar exchange rate will affect the continuity and implementation of projects, because most of the materials involved in the implementation process are imported, and need re-pricing according to the new prices”

imo...the higher the value of the dinar, the lower the costs of imports. Last time I checked, 92% of their goods are imported. No brainer what they should do. 

Article 61
Iraq Launches Security Operation To Disarm Unauthorized Weapons In Baghdad

Imo...It appears they are fortifying security in Baghdad. 

Article 64
The Ministry of Interior: The plan to protect the demonstration of sovereignty is going at a high pace

imo....very interesting name for this

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

Courtesy of Dinar Guru

Jeff   Article:  "The Central bank's sales of dollar are falling to the lowest level".  This is what I told you guys we were looking for for the rate change.  You guys are officially in the season for the rate change...they do have to change the rate by the end of March.

Jeff   I know there were a fair amount of people that were hopeful that the rate would change December/January because they were under the impression that Iraq's fiscal year was started January 1st.  We haven't seen the rate change yet...On December 20th they devalued the currency.  If they had plans to change the rate in January, devaluing the currency at the end of December would not have served a purpose...the reason why they devalued the currency on December 20th was because they need 90 days to reduce the dinar note count and squeeze more dinar out of the citizens.  They need 90 days to do that...Iraq's fiscal year starts April 1st...

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Iraqi Dinar News 01/04/21 - looking good

Pimpy’s Investment Chat:  Jan 4, 2021

https://youtu.be/IlwGooBDODs?t=5

2021- The Year the Markets Run Out of Puff and Inflation Blows Up

The Atlantis Report

2021 : The Year The Markets Run Out of Puff And Inflation Blows up

Premiered 9 hours ago

Thank goodness 2020 is over. Can you remember a year more life-changing than 2020?

Well,2021 will blow you away. 2020 will be remembered as the start of the depression decade.

 Billionaires became wealthier as a result of the global crisis. Meanwhile, small businesses and the middle class got destroyed as part of the Great reset.

New All-Time Record Fraud. $600, house arrests, and a Global pandemic for the tax-slaves and record bonuses for Wall Street degenerates yet again. Makes sense. As long as there are bets, the Casino will remain open.

The top 1% of Americans got richer, and more than 60 new billionaires were created during the stock market melt-up of 2020. 2020 proved with absolutely no doubt that these are not markets. They are 100% central bank Ponzi schemes. A sick joke abomination.

Central bankers have destroyed everything and belong in a noose.

A comical year for comical US markets. And despite major manipulation going on in the Gold and Silver market, Gold outperformed the markets in 2020.

Gold price from 1 Jan to 31 Dec 2020: A 24.7% return . 15-year average: A 10.8% return .Beats a whole lot of things you could have invested in, including US Treasuries, with no counterparty risk at all. S&P500 on 1 Jan 2020 : 3237. S&P500 on 31 Dec 2020 : 3756. Just under 16% return for 2020.

For the full transcript go to https://financearmageddon.blogspot.com

https://youtu.be/XUrIabMQthA?t=2

Lynete Zang and The Atlantis Report Wednesday PM 12-30-2020

Q&A WITH LYNETTE ZANG

IMF CREDIT SCORE, TESLA STOCK, STIMULUS…

Dec 30, 2020

Questions/Timestamps: 1. JD: I heard that the IMF want banks to use my browser’s search history to determine my credit score. Is this true? Are they already doing this? 0:44

2. Edwin G: I would like to know when to determine at what price is the best to purchase. What company I can trust for purchase of precious metals? 3:53

3. DC Girl: Since Tesla recorded profits all 4 quarters, would you consider this a good time to buy Tesla stock? 7:17

4. Von: Isn’t the economy becoming more unstable each day as more money is printed and debt is getting bigger? 9:56

5. Von: Will the stimulus deal be likely to promote economic growth in the new year? 11:07

https://youtu.be/ftgGyoGsTTQ?t=3

The Atlantis Report

At Some Point Inflation Will Raise Its Ugly Head As The M2 Money Supply Soaring !!

Premiered 3 hours ago

At Some Point Inflation Will Raise Its Ugly Head As The M2 Money Supply Soaring !!

The money supply grew by 37.08% year-on-year in November based on the True Money Supply Measure (TMS). It was effectively the same rate of growth we saw in October and remains near September’s all-time high rate of growth.

The staggering growth in the money supply becomes more clear when you compare this year with last.

TMS growth in November 2019 was just 5.9%. The TMS set all-time records eight straight months leading into October. September’s record rate was 37.54%. October’s year-on-year growth came in at 37.08%, the same as November’s While the TMS metric fell just shy of a ninth straight record month in October, the M2 growth rate did reach historic highs that month and then set another record in November. It grew 25.07% last month compared to October’s record growth rate of 24.17%.

And there is no sign that money creation is slowing down. According to Fed data released on Dec. 18, M2 surged by $228.1 billion in the preceding week.

In other words, the Fed created over $228 billion out of thin air in just one week. Inflation expectations appear to be solidly on the rise and that spells big problems for the financial system.

For years the central banks across the world have claimed deflation has driven or allowed their QE policies to remain. This is central to their ability to stimulate. The moment inflation begins to take root or becomes apparent much of their flexibility in policy is lost.

The 2% inflation target central banks have deemed optimum is not valid. This argument is becoming harder to make since many people now feel so much money pouring into the financial system is beginning to move inflation higher.

For the full transcript go to Bruce Wilds/AdvancingTime Blog http://brucewilds.blogspot.com/2020/1...

https://youtu.be/rleIzkvAbL0?t=5