"Silver and Gold News" from Palisades Gold Radio 2-18-2021
.Ed Steer: Silver Price is About to Blow Sky High
Palisades Gold Radio: Feb 17, 2021
Tom welcomes Ed Steer to the show, Ed writes a weekly subscriber column on the gold and silver markets. He brings us a bombshell overview of what is happening in the metals market.
Ed explains how tight the silver markets have become and why the Comex is attempting to roll over as many contracts as possible to avoid delivery. They have reduced the fees to rollover contracts to near zero.
There is some backwardation in silver for contracts in late 2021, revealing weaknesses in their ability to deliver. Thousands of traders use the Comex markets, but eight large investment banks control more than half of the paper metals market.
Ed Steer: Silver Price is About to Blow Sky High
Palisades Gold Radio: Feb 17, 2021
Tom welcomes Ed Steer to the show, Ed writes a weekly subscriber column on the gold and silver markets. He brings us a bombshell overview of what is happening in the metals market.
Ed explains how tight the silver markets have become and why the Comex is attempting to roll over as many contracts as possible to avoid delivery. They have reduced the fees to rollover contracts to near zero.
There is some backwardation in silver for contracts in late 2021, revealing weaknesses in their ability to deliver. Thousands of traders use the Comex markets, but eight large investment banks control more than half of the paper metals market.
These big players are short 412 million ounces of silver, and it's them versus the world.
The thousands of other traders are entirely net-long as they understand this scheme is ending. If these large players were to let silver go, the price would rapidly become a sizeable three-digit number.
He feels these investment banks were caught completely flat-footed by the actions in the market in recent weeks. They have been forced to double down on their shorts to keep the market suppressed.
Ed says, "Right now, these guys are fighting for their lives." Physical premiums are through the roof if you can even find the metal. The lead times from the mints are growing, and it will be many months before dealers can fully restock.
He says, "There is no physical metal to be had...the market is tight everywhere you look." If the sleeping giants (aka the industrial users of silver) awaken to what is happening, they will want to buy everything available, making the situation much worse.
Those in power are now desperate as these problems could lead to a massive currency crisis worldwide.
He doesn't believe these banks can cover their shorts, and March deliveries will be very interesting.
Ed cautions, "Things are now in motion that can't be undone. It's going to be like the long-term capital management collapse we're talking trillions, not billions... Hopefully, there is a world left to survive in once this is all over."
Jim Forsythe: Stampede Coming Into Gold and Silver
Palisades Gold Radio: Feb 18, 2021
Tom welcomes a new guest Jim Forsythe to the show. Jim discusses visiting Russia in the mid-80s and working in the Air Force as a KC 135 pilot and later an instructor. In part, these experiences led him to campaign for Ron Paul in 2008, and he became a New Hampshire State Senator from 2010-2012.
Learning from Ron Paul helped him understand the economic system that the world is under, and "The bigger problems facing the U.S. that are internal." He has been a firm gold and silver believer since 2007, investing in both miners and physical.
He says, "People need to make their own choice to have gold and silver as money." He believes many politicians do understand how the system works and take full advantage of this understanding. There is bipartisan support for maintaining the status quo.
We are in a 100-year sovereign debt supercycle, and the bond market has been in a bull market for forty years. Whenever there is a hint of recession, they lower rates, and now we've hit the zero level, which he believes is a tipping point.
They can no longer claim that they can raise rates and normalize, and most investors now understand this fact. They will try yield curve control next, which means retirees and pensions will get wiped out.
Gold and silver don't receive much yield, but you will see a stampede coming because the alternative to gold is negative yields. Gold is a once-in-a-lifetime opportunity. He argues that gold and silver volatility is unnatural and serves to keep investors out of the markets.
Jim explains the dynamics of silver in both its industrial and investment demand. The price suppression has increased the potential upside and provided a lot of buying opportunities. Silver is a small sector, and just a little attention from the WallStreetBets crowd has caused physical supply issues.
Silver is far more undervalued than gold, and for that reason, there is more upside potential.
Jim outlines the differences between SLV and PSLV and what you should consider when investing in an ETF. In any investment, you need to trust the counterparty, and there is room for doubt with SLV. Lastly, Jim discusses a possible future for digital currencies.
More News, Rumors and Opinions Thursday Night 2-18-2021
.TNT:
Alf: When the RV happens, we start at ground 0. Everything that we experience from that point will be new and uncharted waters in every way. Financially, socially, emotionally . Most of us have take the time to put together some kind plan for the initial exchange and parking the money going forward, but we will have to be very attentive to all areas of life as we will have to be very attentive to all areas of life as we witness the changes occur. Most of these will be governed by how well be manage our hearts emotions. Emotional intelligence will become a valuable asset.
Shybaby: How much meaning we give to life is measured by how we look at tomorrow, Or do we look at tomorrow as just another day? Aside from the capacity to dream, look at life in the spirit of adventure and the sense of wonder.
TNT:
Alf: When the RV happens, we start at ground 0. Everything that we experience from that point will be new and uncharted waters in every way. Financially, socially, emotionally . Most of us have take the time to put together some kind plan for the initial exchange and parking the money going forward, but we will have to be very attentive to all areas of life as we will have to be very attentive to all areas of life as we witness the changes occur. Most of these will be governed by how well be manage our hearts emotions. Emotional intelligence will become a valuable asset.
Shybaby: How much meaning we give to life is measured by how we look at tomorrow, Or do we look at tomorrow as just another day? Aside from the capacity to dream, look at life in the spirit of adventure and the sense of wonder.
Shybaby: Does not life become more meaningful if we shared the courage and conviction of the Man from La Mancha and also declare; ‘To right the unrightable wrong; to love, pure and chaste from afar; to try. When your arms are too weary, to reach the unreachable star.
Shybaby: Take time to think….thought is the source of power Take time to read….it is the fountain of wisdom Take time to work…it is the price to the road of success Take time to pray….it is the greatest power on earth Take time to play…..it is the secret to perpetual youth…. Take time to give…..it is too short a day to be selfish Take time to laugh…it is music to the soul Take time to be friendly…it is the road to happiness Take time to LOVE and be LOVED---it is a God given privilege
Harambe: Bloomberg: OPEC Target Gets Harder to Reach for Iraq as Oil Exports Jump
(2/18/21)
Iraq’s crude oil exports jumped in the first half of February even after OPEC’s second-biggest producer pledged to cut production this month.
The group and partners including Russia are restraining supply with the coronavirus pandemic still raging. The alliance, known as OPEC+, is seeking to ensure a 66% rally in crude prices since the start of November -- driven by vaccine breakthroughs -- isn’t reversed.
Baghdad pledged to pump below its quota in February to make up for past overproduction. Still, the pace of its crude exports in the first half of the month, if maintained through the rest of February, indicates the country may exceed its self-imposed production target of 3.6 million barrels a day and perhaps even its OPEC+ cap of around 3.85 million.
Iraq derives almost all its income from oil and, like many other petrostates, is experiencing an economic crisis after the pandemic caused energy demand to collapse last year.
Oil sales increase despite pledges for deeper cuts
The Iraqi oil ministry didn’t immediately comment when asked about exports. The country still intends to meet its target for the full month, according to an industry official who asked not to be identified.
A separate official said the government planned to increase exports during the first half of February in anticipation that bad weather could reduce them in the second half.
Exports aren’t a direct gauge of production but give an insight into output levels. Countries can sell down stockpiled oil, which doesn’t count toward their OPEC+ quotas. Additionally, tanker-tracking figures compiled by Bloomberg are preliminary and daily averages can change over the course of the month.
Iraq may be betting the OPEC+ deal is “too important to fall apart over some failure to compensate,” said Robin Mills, head of Dubai-based consultancy Qamar Energy. “They need the revenue.”
OPEC+ Caps
The Arab nation’s daily crude exports rose to 3.44 million barrels in the first 14 days of February, according to tanker-tracking and port-agent data compiled by Bloomberg. That’s up 4.4% from January and the highest figure on a full-monthly basis since May, when OPEC+ began its unprecedented supply cuts.
If Iraqi exports remain at their current pace and the country consumes the same amount of oil domestically as it did in January, it could pump nearly 4 million barrels a day this month.
Iraq’s dire economic situation and inability to control output from fields in the semi-autonomous region of Kurdistan led it to over-produce by around 80,000 barrels daily between May and December. Only Russia has violated the OPEC+ agreement to a greater degree, according to data compiled by Bloomberg.
Brent crude futures have climbed 25% this year to around $65 a barrel, almost wiping out last year’s losses. The cuts by OPEC+ have helped spur those gains, as has a colder-than-usual winter in parts of Asia and the U.S.
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Courtesy of Dinar Guru
Pimpy People keep looking for an RI/RV...I think what you'll see is the Iraqi dinar go up in value in increments in short periods of time as they continue to recover and they continue to really start the reconstruction...this could be a pretty quick rebound. You might see this thing jump up fairly quickly...
Walkingstick and Frank26 They [the IMF and CBI at this Saturday's meeting] talked about the monetary reform in its entirety - from the beginning to the end. They talked about he new small category notes. Not only the date in which they will release them but the number of the note count...the value of the notes...the Iraqi dinar currency at an international level so it can be convertible. Wow! ...So they talked about the Iraqi currency (the new one that's going to be coming out), how it's going to be international and how it can be convertible. That's great...All these benchmarks IOO have all been agreed upon. Everything from the citizens to the Kurds to the budget to the international investors they all want the new exchange rate to be introduced. They all want this...
SILVER ALERT! The Final "SILVER SQUEEZE" Starts Next WEEK!! (Bix Weir)
Feb 18, 2021
170 Years of Silver Price Suppression by the Banking Cabal is about to end in the biggest Moonshot in HISTORY! Are you Ready for it? Are you Ready to Fight for Truth and Honesty in Markets? Are you Ready to be FREE?!
"Bullion Banks Are Going Down": Sliver "Pattern Shift " ALERT -Lynette Zang
.Lynette Zang:
BULLION BANKS ARE GOING DOWN: Silver "Pattern Shift" ALERT!
Streamed live 35 minutes ago
This is a very important video and I recommend that you watch it closely and share it with as many people as you can who are important to you.
When my research shows a pattern shift like this…..you know I want to talk about it as soon as possible. These eventually lead to a domino effect from a previous pattern shift.
Not only are the Bullion Banks about to go down, JP Morgan and Chase could experience a huge failure in tandem ith the whole situation and take the entire financial system down with it.
Lynette Zang:
BULLION BANKS ARE GOING DOWN: Silver "Pattern Shift" ALERT!
Streamed live 35 minutes ago
This is a very important video and I recommend that you watch it closely and share it with as many people as you can who are important to you.
When my research shows a pattern shift like this…..you know I want to talk about it as soon as possible. These eventually lead to a domino effect from a previous pattern shift.
Not only are the Bullion Banks about to go down, JP Morgan and Chase could experience a huge failure in tandem with the whole situation and take the entire financial system down with it.
I’ll show you what it means for gold, for the entire economic system and for you.
Mike Maloney "Silver- The Twilight Zone" and more Thursday 2-18-2021
.Mike Maloney
Silver: The Twilight Zone - The GoldSilver Show
Premiered 14 hours ago
In today’s update, Mike Maloney and Jeff Clark discuss the insane position that silver ETFs now find themselves in, the unseen effects of forthcoming stimulus efforts, USA’s descent into a command and control economy, manipulation of precious metals prices and feedback from one of our viewers.
Stick around to the end for Mike’s ‘Meme of the Day’ - it’s short but sweet.
Mike Maloney
Silver: The Twilight Zone - The GoldSilver Show
Premiered 14 hours ago
In today’s update, Mike Maloney and Jeff Clark discuss the insane position that silver ETFs now find themselves in, the unseen effects of forthcoming stimulus efforts, USA’s descent into a command and control economy, manipulation of precious metals prices and feedback from one of our viewers.
Stick around to the end for Mike’s ‘Meme of the Day’ - it’s short but sweet.
The Big Silver Update - Mike Maloney
Premiered Feb 16, 2021
Get Mike Maloney’s views on the latest market action in today’s must-watch update, including news on the ‘midnight changes’ to two of the largest silver ETFs, how retail bullion supplies are holding up…
Lynette Zang "The Currency Collapse Has Begun" and more....2-17-2021
.Lynette Zang: The Currency Collapse Has Begun: Hyperinflation Is Next!? | Gold & Silver
I Love Prosperity: Feb 17, 2021
In this video we talk with the one and only Lynette Zang - she breaks down her views on the currency collapse, hyperinflation, the financial system, the impending monetary crash, the currency reset, gold, silver, precious metals, her predictions for the future & more...
Lynette Zang: The Currency Collapse Has Begun: Hyperinflation Is Next!? | Gold & Silver
I Love Prosperity: Feb 17, 2021
In this video we talk with the one and only Lynette Zang - she breaks down her views on the currency collapse, hyperinflation, the financial system, the impending monetary crash, the currency reset, gold, silver, precious metals, her predictions for the future & more...
COPPER, GRADED METALS & HYPERINFLATION..Q&A WITH LYNETTE ZANG AND ERIC GRIFFIN
Streamed live 2 hours ago
Question 1: 1:07 I have heard much about whether the strategy of collecting graded Morgan’s is smart, as no one will care if they are graded or not after a collapse of the system, and that they will only be worth their fundamental value. I have approached it as a two pronged strategy, that the graded ones may be worth more to us old timer collectors and a wealth building exercise, and the raw coins for bartering and a life sustaining resource. Your thoughts?
Question 2: 5:34 Isn't a huge stock market sell-off coming soon? Won't they be selling precious metals to cover shorts? Won't that cause a huge spot price drop?
Question 3: 11:20 Someone made the comment that if you have gold bullion you would be able to melt it down into jewelry (if bullion is confiscated)?
Question 4: 13:30 I own gold and silver which is a significant amount of my wealth stored in a rented Singapore vault. The storage fees are calculated based off the value of the gold in USD's. If the dollar hyperinflates as a result of the "crack up boom" and the dollar hyperinflates, is it possible that I would be hyperinflated out of my gold holdings because I may not have enough USD's to pay for storage fees to redeem my gold or would I just pay the storage fees using a tiny portion of my gold holdings because gold will also skyrocket in price?
Question 5: 16:39 Isn´t copper also monetary just as gold and silver?
Question 6: 17:06 What should I buy when I roll over my Traditional IRA?
Question 7: 21:20 If one isn't liquidating one's pre 1933 gold coins, is it a good strategy to get the least expensive pre 1933s (avoid confiscation) without the extra nominal fees of hi grades?
News, Rumors and Opinions Wednesday Afternoon 2-17-2021
.TNT:
Cutebwoy: Work: They issued more than 17,000 MasterCard cards to beneficiaries in Baghdad and the provinces
02/17/2021
{Baghdad: Al Furat News} The Ministry of Labor and Social Affairs announced the issuance of 17,659 (MasterCard) cards for the beneficiaries of the full-time employee salary in Baghdad and the provinces except for the Kurdistan region for the period from December 20, 2020 until today, Wednesday.
The head of the People with Disabilities and Special Needs Authority, Issam Abd Al-Latif Al-Tamimi, said in a statement that Al Furat News received a copy of, that “the authority’s departments in Baghdad and the governorates are still continuing daily during official working hours to issue cards to those covered by the full-time employee’s salary in cooperation with the concerned banking authorities. “.
TNT:
Cutebwoy: Work: They issued more than 17,000 MasterCard cards to beneficiaries in Baghdad and the provinces
02/17/2021
{Baghdad: Al Furat News} The Ministry of Labor and Social Affairs announced the issuance of 17,659 (MasterCard) cards for the beneficiaries of the full-time employee salary in Baghdad and the provinces except for the Kurdistan region for the period from December 20, 2020 until today, Wednesday.
The head of the People with Disabilities and Special Needs Authority, Issam Abd Al-Latif Al-Tamimi, said in a statement that Al Furat News received a copy of, that “the authority’s departments in Baghdad and the governorates are still continuing daily during official working hours to issue cards to those covered by the full-time employee’s salary in cooperation with the concerned banking authorities. “.
The head of the authority praised “the efforts of the employees in the departments to speed up the completion of the transactions covered by the privileges of Law No. 38 of 2013 with accuracy, high professionalism, and relieving the citizen’s burden.”
Work: They issued more than 17,000 MasterCard cards to beneficiaries in Baghdad and the provinces
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Courtesy of Dinar Guru https://www.dinarguru.com/
Jeff Since December to now, mid-February, both the World Bank and the IMF have shown their face more than they have before. Why? It's because both the World Bank and the IMF are bringing Iraq to the finish line...both the World Bank and the IMF are working with Iraq to bring their economy and country to the international world...
MilitiaMan Article quote: "An economist warns of a decline in the citizen's purchasing power as the dollar’s exchange rate continues to rise" ...a move to the private sector is upon Iraq...If not disaster looms... We see that the dollar auctions are not the same as they were in the past and now there are calls now for them to cease abroad as well, imo... That is powerful. 0 $ - Auctions, means to me a rate change is coming to offset the liquidity needed to run the country with new Dinar... Fairly sure that is the plan and the world knows it... As in the G7, UST, IMF, WG, WTO, BUNA, SWIFT, etc... All support the move and even a digital one...they are all involved in the architecture of the larger plan...imo...
Walkingstick and Frank26 This [past] Saturday meeting the CBI and the IMF were given a specific time IMO in the near future to lift the exchange rate value...The reason why the IMF wants it done on this specific date is because of the IMF's serious concerns of impending inflation of their currency...due to the stoppage of their auctions...They got no currency! Of course the IMF is concerned about impending currency inflation to smack Iraq right in the face. That would be a tragedy...In the same breath they talked about the new small category notes...
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It Feels Like Something Has Already Broken
Arcadia Economics: Premiered 12 hours ago
It continues to feel as if some thing has already broken in the financial markets.
Awakening the Silver Giants: How the Silver Market could unravel
Mike Harris: Feb 15, 2021
This video explores how the silver market could unravel in the face of unprecedented investment demand and the prospect of increased bulk purchases by industry as 1,000 oz bars become in ever shorter supply.
Fleming, Frank, X22 and more Tuesday Night 2-16-2021
.Fleming Tuesday PM RV Update:
Our military intel contact is confirming Mr. Fleming's source's, MarkZ's sources, and Dr. Charlie Ward's sources saying that EVERYTHING IS READY to START the 72-hour RV shotgun release any time now, and that T4B needs to be ready for exchanges-redemptions to start any time over the next 24-48 hours as we await an expected lockdown by the military of final RV rates for the 22 currencies and the bonds and for the Value Day to be declared for our exchanges-redemptions to start EXPECTED STILL THIS WEEK;
He confirmed that the RV teams and the military are still saying THAT NOTHING CAN STOP THIS NOW, they are STILL SURE THEY WILL BE READY FOR US IN T4B THIS WEEK, and the RV teams behind the scenes are STILL SAYING that this is STILL GOING TO BE A GREAT WEEK FOR US.
Fleming Tuesday PM RV Update:
Our military intel contact is confirming Mr. Fleming's source's, MarkZ's sources, and Dr. Charlie Ward's sources saying that EVERYTHING IS READY to START the 72-hour RV shotgun release any time now, and that T4B needs to be ready for exchanges-redemptions to start any time over the next 24-48 hours as we await an expected lockdown by the military of final RV rates for the 22 currencies and the bonds and for the Value Day to be declared for our exchanges-redemptions to start EXPECTED STILL THIS WEEK;
He confirmed that the RV teams and the military are still saying THAT NOTHING CAN STOP THIS NOW, they are STILL SURE THEY WILL BE READY FOR US IN T4B THIS WEEK, and the RV teams behind the scenes are STILL SAYING that this is STILL GOING TO BE A GREAT WEEK FOR US.
He is confirming Dr. Charlie Ward's military sources and restored Republic transition sources saying that "all necessary codes have been put into the QFS. They just need to pull the trigger, all funds in place.. it just needs to start"; ]
Our guy is confirming MarkZ's separate sources who are saying THE SAME THING as Dr. Charlie Ward:(edited)
MARKZ said this morning Tue morning 16 Feb--"I'm hearing similar things. Everything is positioned and waiting for that switch to flip. . . . I hear we are all prepared…dollars [funds] are in place and the QFS is just waiting for that switch to flip. They are still asking all of the group leaders and paymasters to stay in place….so to me this is exceptionally positive news. . . .
Paymasters and group leaders…everybody I know that needs to be in a seat-is in their seat for this thing to go. I have heard of funds "tranching" [being moved into place in large tranches] going on where things are positioned….but, nobody yet has spendable cash. I am still told it’s a shotgun [start] and it will all happen at the same time. That is positive news"
He is confirming MarkZ's sources in Iraq that there was "news from Iraq about the [RV] lifting or raising the value of the dinar so they can remove the 3 zeros…this was published in 3 different publications in Iraq over the past weekend. . . . the news out of Iraq is phenomenal…the news from our paymasters and group leaders is stellar…I don’t think anything is holding it up now."
He is confirming Mr. Fleming's sources saying that Everything is moving and is exciting, he confirmed that liquidity is moving as expected today Tue 16 Feb and that some time by Wed-Thu 17-18 Feb , a lockdown of rates is expected, so All is LOOKING VERY GOOD.
He is confirming Mr. Fleming's sources that Iraq finished passing their budget with the Dinar RV rate including the economic reform white paper the day before yesterday Sun 14 Feb, but he said that the US military at about 9:15 am IRAQ TIME Sun 14 Feb told Iraq to wait to make public the RV rate of the Dinar for security purposes until after T4B exchanges have been started
He said stay ready, practice your project presentation and keep pressing in in prayer over all these things.
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Courtesy of Dinar Guru
Frank26 Article: "Iraqi government to begin implementation phase of the white paper for economic reform" What's in the White Papers IMO? A rate...those that are coming in that are going to rebuild economically the country of Iraq you think they've been shown this new exchange rate? IMO hell yes! Quote: "The Iraqi government is preparing to begin the implementation phase of its reform program known as the White Paper for Economic Reform." ...the implementation mechanism of the new exchange rate. The white papers are coming out. IMO you know what's in them. You can see the only way to launch, explode, implement the economic reform is by what? First having the monetary reform...
Tuesday Night Financial X22 Report
Ep 2406a – [CB] Is Now Panicking, The Rise Of Digital Currency Is Upon Us
Posted on February 16, 2021
The American people want to go back to work, they don’t want to live on stimulus, the [DS]/[CB] have miscalculated the spirit of the people and what they really want, they want the freedom to support their family.
The [CB] is now panicking, they are nervous about the new currencies, digital and gold will destroy the [CB].
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The Big Silver Update - Mike Maloney
Feb 16, 2021
Get Mike Maloney’s views on the latest market action in today’s must-watch update, including news on the ‘midnight changes’ to two of the largest silver ETFs, how retail bullion supplies are holding up…
Bix Weir, Lynette Zang and the Atlantis Report 2-16-2021
.Bix Weir
ALERT! Has ANOTHER SLV "Silver Squeeze" Just Started!!
Volumes on SLV are starting to spike again just like they did on Jan 27th before the "Big Silver Squeeze" weekend!
Today should have DOUBLE THE SHARE VOLUME based off the 65 day average...hang on tight as the COMEX Deliveries look to OVERWHELM the Silver Cabal AGAIN!
Bix Weir
ALERT! Has ANOTHER SLV "Silver Squeeze" Just Started!!
Volumes on SLV are starting to spike again just like they did on Jan 27th before the "Big Silver Squeeze" weekend!
Today should have DOUBLE THE SHARE VOLUME based off the 65 day average...hang on tight as the COMEX Deliveries look to OVERWHELM the Silver Cabal AGAIN!
NEW GOLD, INTERFUND LENDING & MONEY MARKET...Q&A WITH LYNETTE ZANG
Streamed live 2 hours ago
Question 1: 1:45 I have my funds in a Money Market with Fidelity. I just heard the term "interfund lending". Could you please explain what "interfund lending" is and will it have any bearing on the cash in my money market?
Question 2: 4:34 Please explain why gold and silver will still have the historical storage of value when silver was demonetized in the 1800s (Germany and others went to the gold standard)? "Commodity money" of any kind is flawed due to price manipulation; Bitcoin is not, is digitally scarce, and more portable/usable than precious metals - wouldn't this be the "new gold"?
Question 3: 11:04 I would like to know who funds FHA loans in a mortgage? Is Federal Housing Authority a Federal agency?
Question 4: 11:57 I inherited an IRA. It is sitting in a Money Market. I am only 57 and I am told I would have penalties as well as taxes if I closed it out. Do you have any suggestions?
Inflation Alert: The US to Print More Money Than The GDP of Japan
Feb 16, 2021
Inflation Alert: The US to Print More Money Than The GDP of Japan The wealth of the billionaire class has gone up 30% in the last year. Why would they want this misery to end? The billionaires would rather destroy the country than lose a penny on their assets.
The time the eviction moratoriums are lifted, there wouldn't be any landlords left to evict anyone except perhaps the banks and carpetbaggers. Remember, the great reset is coming, and that means no private property. You will eat bugs and like them.
Inflation Alert: The US to Print More Money Than The GDP of Japan Does printing 40% of all US dollars ever to have existed, printed in a single year, have consequences? Looks like we're all about to find out.
The Fed alone will print $1.4 trillion in the next 12 months. This comes on the heels of the $3 TRILLION it has already printed in the last year. The Fed is not alone here. The Biden administration is pushing the “pedal to the metal” in terms of stimulus. It is about to pass a $1.9 trillion stimulus plan.
Bloomberg notes that this will be the second-largest injection of federal cash in U.S. history. Add it all up, and the U.S. will print an amount of money greater than the GDP of Japan, the third-largest economy in the world. A trillion here, a trillion there, pretty soon you're talking about real money.
More News, Rumors and Opinions Tuesday Afternoon 2-16-2021
.KTFA:
Samson: Iraq asks Switzerland to open an embassy in Baghdad
02/16/2021 15:32:20
Minister of Culture, Tourism and Antiquities Hassan Nazim discussed today, Tuesday, with the Swiss ambassador to Jordan Lucas Jacir, and his accompanying delegation, to open a Swiss embassy in Baghdad.
In a statement, the Euphrates News received a copy of it, the ministry stated, "The two sides discussed during the meeting the possibility of establishing a Swiss embassy in Baghdad and the current security situation, as well as the importance of the upcoming visit of Pope Francis, as it is an opportunity to support intercultural communication and the development of foreign relations, and a number of Joint cultural projects."
KTFA:
Samson: Iraq asks Switzerland to open an embassy in Baghdad
02/16/2021 15:32:20
Minister of Culture, Tourism and Antiquities Hassan Nazim discussed today, Tuesday, with the Swiss ambassador to Jordan Lucas Jacir, and his accompanying delegation, to open a Swiss embassy in Baghdad.
In a statement, the Euphrates News received a copy of it, the ministry stated, "The two sides discussed during the meeting the possibility of establishing a Swiss embassy in Baghdad and the current security situation, as well as the importance of the upcoming visit of Pope Francis, as it is an opportunity to support intercultural communication and the development of foreign relations, and a number of Joint cultural projects."
The minister said, "The Swiss presence is welcome, and that security challenges should not constitute an obstacle to this step." The Swiss ambassador pointed out "the importance of the Iraqi presence in Switzerland in the field of art, culture and filmmaking." LINK
TNT:
Tishwash: United Nations on Erbil attack: heinous, reckless acts that threaten stability
The UN mission in Iraq, "UNAMI", said, Tuesday, that the missile strikes that targeted Erbil International Airport last night are among the heinous, reckless acts that pose serious threats to stability.
"We condemn the deadly missile attack on Erbil. Such heinous, reckless acts pose serious threats to stability. Iraq must be protected from (external) quarrels," the UN envoy, Jenin Blashart, said in a statement received by Mawazine News.
She added, "We call for restraint and close cooperation between Baghdad and Erbil to bring the perpetrators to justice." link
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Tishwash: Al-Nusiri calls on the government to preserve hard currency and prevent its leakage to the outside
The economic and banking advisor, Samir Al-Nasiri, confirmed, on Tuesday, that hard currency in Iraq is still subject to leakage outside the country and called on the government and its specialized economic institutions to take measures, mechanisms, and economic, financial and monetary policies.
Al-Nusiri said in an interview with "Al-Eqtisad News", that the foreign currency will not return due to unplanned and uncontrolled imports of consumer and unnecessary goods and goods from poor origins and outside the Iraqi standard specifications, while putting forward a set of proposals that would preserve the hard currency that Iraq needs in His current crisis he is going through.
He added that Iraq since 2003 until now has not stimulated and activated the productive sectors such as industry, agriculture, energy and tourism, and the local product, which is the basis for determining imports, has not been supported, indicating that import is a complement to local production and not a substitute for it, but after the opening of borders and markets and the entry of poor imported materials at prices. Low compared to the local product due to the lack of security of raw materials and government support, which led to the exit of hard currency, mainly through imports of the private sector.
Al-Nusiri stated that the best solution to preserve hard currency is for the government to support local production and activate the laws to protect the local product and protect the consumer, which are laws that have been on the shelves for years and have not been activated, stressing the importance of providing raw materials and electricity to the factories, structuring government factories and engaging the private sector. In its management.
He continued that Iraq without local products that match the importer cannot maintain its hard currency as required, pointing to the need for the government to address the structural imbalance in the economy, activate the productive sectors, and address the deficit in non-oil revenue and the deficit in the balance of payments and the trade balance.
"We are a country that does not have a clear economic approach, and the private sector has not been involved in making economic decisions, which requires and must be supported by the government," Al-Nusairi said. link
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Courtesy of Dinar Guru
Frank26 Article: "Is there a threat to hard currency reserves? The Central bank explains" They're telling you they not only have enough to back up their hard currency but also their digital currency...they are trying to tell you they have a new exchange rate...It's right in front of your eyes.
Jeff This is not pegged to our calendar. This is pegged to God's Hebrew calendar. Iraq implemented a 90-day tool on December 20th to reduce the 3 zero note count in the country of Iraq...that 90-day step ends Sunday March 21st. The first month of the Hebrew new year is their 7th month. It's the month of Nisan...
BofA Warns The US Might Go Full Weimar Republic, People Moving = Money Moving = Hyperinflation
The Silver Report Uncut: Feb 16, 2021
The short version is people moving equals a spike in money velocity according to Hartnett and the pickup in money velocity will send all those extra dollars chasing fewer items. Historically speaking we are following the path of the Weimar republic as He points out several times
Iraqi Dinar News for 02/16/21
Pimpy’s Investment Chat: Feb 16, 2021
News, Rumors and Opinions Tuesday Morning 2-16-2021
.TNT:
Tishwash: THE IMF: THE POLITICAL TENSIONS IN IRAQ HINDER REFORM EFFORTS
Baghdad-Al-Sharqiya, February 15: The International Monetary Fund warned that reform efforts in Iraq were stalled due to the political turmoil and tensions that precede the parliamentary elections and the resulting instability.
The National website quoted the International Monetary Fund as saying that the slowdown in GDP reflects a decrease in non-oil activity and a reduction in crude oil production due to the OPEC Plus agreement.
The IMF indicated that the large fiscal deficit of 20 percent of GDP, and the deficit in the external current account, which reached 16 percent of GDP, restricted the government's ability to offer an effective financial treatment.
TNT:
Tishwash: THE IMF: THE POLITICAL TENSIONS IN IRAQ HINDER REFORM EFFORTS
Baghdad-Al-Sharqiya, February 15: The International Monetary Fund warned that reform efforts in Iraq were stalled due to the political turmoil and tensions that precede the parliamentary elections and the resulting instability.
The National website quoted the International Monetary Fund as saying that the slowdown in GDP reflects a decrease in non-oil activity and a reduction in crude oil production due to the OPEC Plus agreement.
The IMF indicated that the large fiscal deficit of 20 percent of GDP, and the deficit in the external current account, which reached 16 percent of GDP, restricted the government's ability to offer an effective financial treatment.
The International Monetary Fund stressed the importance of combating corruption in public institutions and restructuring large government banks in order to enhance financial stability and develop the private sector. link
Tishwash: Representative economy: the difference in the rise in the exchange rate of the dollar against the dinar will be used to bridge the financial gap
Member of the Parliamentary Economic and Investment Committee, Hamed Al-Mousawi, confirmed that the difference in the exchange rate of the dollar against the dinar will be used to bridge the financial gap, pointing out that the state is going towards supporting the private sector to attract the largest number of unemployed and graduates.
Al-Mousawi said to "the information", that "the difference in the exchange rate of the dollar after the government's decision to reduce the value of the dinar against the dollar has reached 12 trillion dinars, as this amount will be invested to fill the budget deficit."
He added that "the high exchange rate of the dollar against the dinar will not be used to increase expenditures as desired by the government, but rather will be invested to bridge the financial gap."
And that "the government is going toward supporting the private sector in order to attract the largest possible number of unemployed and graduates, in light of the deficit suffered by the budget and salaries that amounted to 53 trillion dinars." link
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Courtesy of Dinar Guru
Jeff December 20th is when they officially started the reforms by devaluing the currency. Why did Iraq devalue the currency? That was a directive and a requirement by the IMF and the World Bank to reduce the 3 zero note count in the country of Iraq so the citizens don't get rich...It was a 90-day tool. That's why they started it on December 20th. Add 90 days to a Sunday and you got your rate change day
MilitiaMan The recalculating assets, incomes streams from oil, border crossings, tourism, fresh new liquid natural gas income from halting its flaring, agriculture, mineral extraction, etc., all play a roll in the valuation process of the country and her currency. The budget needs the rate not the other way around.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 16 Feb. 2021
Compiled Tues. 16 Feb. 2021 12:01 am EST by Judy Byington
Judy Note: There has been no new Intel on Tier 4B setting appointments to redeem/ exchange since Sat. afternoon 13 Feb. – at which time our Military Intel Contact said “orders have just gone out to start our T4B notifications sometime in the next 24-to-48-or-more-hours (intentionally vague for reasons of security).”
On Mon. 15 Feb. Charlie Ward said that all funds have been downloaded into the Quantum Financial System and everything was ready to go. The switch would be flipped by the US Military in consultation with the Chinese Elders.
The Alliance was Beta testing a new platform that guaranteed Free Speech and could handle without censorship, public communications on the Internet.
There was a possibility that by Thurs. 18 Feb. the US could be in lockdown with businesses closed for around two weeks. FEMA was setting up emergency stations all over the country in preparation for the two week lockdown. We have been promised that if we were in lockdown during the exchange period we would be given passes and even military escort if so wished, in order to go to our appointments.
All signs were that the next two weeks would be epic.
Read full post here: https://inteldinarchronicles.blogspot.com/2021/02/restored-republic-via-gcr-update-as-of_16.html
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Is there a shortage on gold silver and copper
Pimpy’s investment Chat: Feb 15, 2021
SRU, Bix Weir and the Atlantis Report Monday 2-15-2021
.Silver Report Uncut:
Silver Squeeze hits London as SLV warns of Limited Available Silver Supply, Damage From The Squeeze
Feb 15, 2021
Silver supply has been low since we entered this bull market. The bullion dealers were finding it difficult to source silver and had raised their premiums which has created an enormous gap between the silver coin premiums and the paper price.
To think JPMorgan wasn't affected by the silver short squeeze wouldn't be correct. We break down the stress on the Largest silver ETF and the short supply of silver.
The SLV also notified the SEC that there may be more shares than they have silver and the coming silver shortages due to the unprecedented move into SLV at the beginning of the month.
Silver Report Uncut:
Silver Squeeze hits London as SLV warns of Limited Available Silver Supply, Damage From The Squeeze
Feb 15, 2021
Silver supply has been low since we entered this bull market. The bullion dealers were finding it difficult to source silver and had raised their premiums which has created an enormous gap between the silver coin premiums and the paper price.
To think JPMorgan wasn't affected by the silver short squeeze wouldn't be correct. We break down the stress on the Largest silver ETF and the short supply of silver.
The SLV also notified the SEC that there may be more shares than they have silver and the coming silver shortages due to the unprecedented move into SLV at the beginning of the month.
SILVER ALERT! Hey Reddit WallStreetBets! It's Time to CRUSH the Silver RIGGERS! (Bix Weir)
Feb 15, 2021
The cat is out of the bag and the RATS are running SCARED! Get your physical silver in your own possession NOW or you won't be able to source any at ANY PRICE for a LONG TIME! "PAY ME MY SILVER NOW!" by Bix Weir
Fed Stress Test 2021- Is The Fed Preparing for a Massive Market Crash & Hyperinflation ?
Feb 14, 2021
Fed Stress Test 2021- Is The Fed Preparing for a Massive Market Crash & Hyperinflation ? The Federal Reserve has unveiled the 2021 stress-testing scenarios that it will use to evaluate the safety and soundness of 19 of the largest U.S. banks.
Preparing for the day, someone pulls the plug in the bathtub. The next round of U.S. stress testing for big banks will examine the impact of a severe global downturn, a spike in unemployment, and plunging equity markets.
The scenario also includes a 55% plunge in equity prices amid falling GDP and rising unemployment. “Banks with large trading operations will be tested against a global market shock component that stresses their trading, private equity, and other fair value positions,” the Fed noted.
“Additionally, banks with substantial trading or processing operations will be tested against the default of their largest counterparty. Stress test the banks, yes, but why not also ask Janet Yellen to stop asking for even more stimulus when it is just going to further inflate the bubble.
They'd be better off posting checks than doing more rounds of QE. The top 19 US banks will have to prove they can withstand a 55% collapse in stock markets in this year’s stress tests, regulators said on Friday, outlining the parameters for an exercise that decides how much banks can pay out to their shareholders.