KTFA, Pimpy, Lynette Zang and more Wednesday Afternoon 3-10-2021

KTFA:

RE: Tuesday Night KTFA CC 3-9-2021 

DCDriver:  Great call tonight!! The only thing confusing to me is whether or not our 3 zero notes will have a time frame until they are null and void? I realize there will be a timeframe in country but it wasn’t clear to me out of country. If anyone can shed light in that it would be appreciated.  

Clare:  IT HAS BEEN STATED BEFORE THAT IT COULD BE UP TO 1O YEARS- THE CBI HAS TO GIVE NOTICE TO MAKE A NOTE NULL AND VOID AND THAT WOULD BE ON THE CBI WEBSITE AS WELL.  IMO

Harvestor:  WOWser tonight.  Thank you Frank and Walkingstick.  Only one thing I did not get clear.  Could have been just me not comprehending like I should.  When they go 1 2 1 in country, did I hear correctly that we investors will be able to exchange our dinars out of country?

Clare:  WHEN THEY GO 1-1 IT WILL BE INTERNATIONAL- YES, YOU WILL BE ABLE TO EXCHANGE  imo

Ross:  Next Monday is the 15th...the IMF announces rate changes on the 15th & EOM. Thing that make me go Hmm …. Next Sunday IMOO could be interesting.

Samson:  Global gold: America first and Iraq in 38th place in the largest reserves of the precious metal

10th March, 2021
The World Gold Council announced, on Wednesday, that the United States of America ranks first and Iraq in 38th place, with the largest reserves in the world of the precious yellow metal.

The council said in its latest schedule for the month of March of 2021, which was seen by Shafaq News Agency, that "the possession of central banks of the 100 countries listed in the table amounted to 35,244 thousand tons," indicating that "the United States of America ranked first in the largest gold reserves it possesses at 8,133 thousand Tons, followed by Germany, with an amount of 3,362 thousand tons, then comes the International Monetary Fund, with an amount of 2,814 thousand tons, and Italy comes fourth with an amount of 2,451 thousand tons, while Yemen comes to the top with 1.6 tons, followed by Haiti with 1.8 tons.

He added, "Iraq still maintains the 38th position in the world and the fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10% of the rest of the other reserves," noting that "the last purchase of gold by Iraq was in September 2020, with an amount of 0.1 tons."  He pointed out that "the most prominent buyers of gold during this month are Uzbekistan, by 8.1 tons, and Kazakhstan, by 2.8 tons, while the main sellers were Turkey, by 17.2 tons, and Russia, by 3.1 tons."

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.   LINK

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Samson:  An economist calls for a speedy end to the disputes and preparation for the international turnout

18:25 - 09/03/2021

On Tuesday, a researcher in economic affairs, Yahya Al-Haddad, called on the political forces to resolve differences, end conflicts over gains, and move towards urgent elections in preparation for the international turnout on Iraq.

Al-Haddad said, in a statement to the information agency, that “the Pope’s visit to the holy city of Najaf in particular is a recognition of the great role that the reference plays in the security and political axis,” indicating that “it is a victory for the humanitarian role of the Shiite authority in Iraq in particular and the Arab world over Public face”. He noted that "Iraq, after this historic visit of Pope Francis, needs to be fully prepared and open new horizons of political orientations as it is on a new date of international interaction with Iraq in all files, especially the economic file."

He explained, "The political forces must settle their accounts and put the interest of Iraq above all considerations, because the next stage will witness a boom for investments in Iraq, and this process needs political security before considering any step, which depends on the size of the responsibility that the leaders of Iraq bear at this stage."

And he stated, “It is necessary to end all of the early elections and to speed up their conduct because they are a dangerous weapon that threatens every investment process in Iraq,” explaining that “the large investments of countries in Iraq do not look at public interests as much as they are concerned with the security of the region in which they operate and the extent of the decision’s ability Politician to tame that security.

He pointed out that "Iraq is fertile land, and the visit of the Pope, as the biggest leader of the Christian community, stimulated international business companies and began to talk in the media about large investments that will be presented to the new Iraqi government."  LINK

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Courtesy of Dinar Guru

Jeff  Article:   "Al-Kazemi: We have succeeded in crossing the economic crisis and an international readiness to support Iraq in reform"  Remember these reforms can only be launched and implemented after Iraq has changed their rate.  That's why since last year they're still talking about reforms...anything that costs money within the reforms can only be launched and implemented after the rate change...That's why the bulk of the reform is still pending and outstanding because it's waiting on the rate change.  That level of reforms requires Iraq's currency to be internationally recognized...

Pimpy    Article:   "Al-Halbousi directs to include the budget bill next Monday"  I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you're going to see shortly after that the budget go ahead and passed.  Something about the presence of the pope changed people's views on things and they decided to start cooperating which is very good...

Iraqi Dinar News for 03/10/21

Pimpy’s Investment Chat: 

https://www.youtube.com/watch?v=Icvp-i7kP7Ahttps://www.youtube.com/watch?v=Icvp-i7kP7A

GOLD, INFLATION & VENEZUELA…Q&A WITH LYNETTE ZANG

Streamed live 57 minutes ago

Question 1:  Venezuela started by printing massive amounts of stimulus and injecting it into the economy. That devalued their currency to the point inflation began and it has not stopped yet. Prices rose to unheard of levels until today their currency in trashed. It now takes over 1 million bolivars to buy a cup of coffee. Are we on the same path? 

Question 2:  We are very close to retirement. Do you think it may be prudent to pay off all our debt now, rather than risk losing our cash by keeping it in the bank? 

Question 3:  If we go digital, why would the Fed want to back it with gold? It seems to me that they are trying to get away from Gold all together. 

Question 4:  Will the US currency ever again be as good as GOLD? 

Question 5:  When the reset happens, and we have gone digital, what will happen to all the coinage? Will they have to be turned in like the paper? Or will it become the new black-market currency? 

https://www.youtube.com/watch?v=6_EnR66zJfQ

News, Rumors and Opinions Wednesday Morning 3-10-2021

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 10 March 2021

Compiled Wed. 10 March 2021 12:01 am EST by Judy Byington

Judy Note: On Tues. 9 March Fleming’s Military Intel Contact confirmed:

On Tues. 9 March at 7 am EST all monies were released and then at 4 pm EST a green light was given for liquidity to be underway behind the scenes.

Right now some Tier 3-4 exchanges were happening, though those parties wouldn’t have full access to their funds until Tier 4B notification and exchanges began. Those Tier 3-4 recipients have been given 2% of face value of their account in the form of a debit card.

Tier 4B was soon to be started – watch for it within the next 24 hours and throughout this week.

According to Bruce the Window for this to happen was Tues. 9 March to Sat. 13 March.

The below is a description of the exchange process that was underway including the rates discussed (but not guaranteed):

• ZIM $ .94 – 30 hundred T Notes exchanged
• IQD $16.00 – 114 million exchanged
• VND $15.00 – 1 billion exchanged

There were no holds or caps, no matter the amount exchanged.

Within 15 days the party exchanging must return with bank account information on their corporations/ trust vehicles they would use to manage these amounts, after which all monies would be transferred into that account.

There were three Disclosure forms to sign that established KYC (Know Your Client).

Nothing over ten million $ could be spent in the first 15 days, though recipients could make any purchase they wished, place a deposit and provide the seller with a guarantee of payment.

A tax free, clear, clean funds letter would be provided.

Paymasters, attorneys, group leaders and bond seller recipients were at their stations as Bond payouts began on Mon. 8 March. ZIM bond redemptions would start paying out from Wed. 10 March onward and would continue through Sun. 14 March.

The Tier 5 general public exchanges of gold/ asset-backed foreign currencies at the new international rates were scheduled to start on Mon-Tues 15-16 March.

Also on Mon-Tues 15-16 March the debt jubilee NESARA / GESARA debt repayment packages would begin paying off all past federal debt classes in the US and internationally in multiple countries.

On the Restored Republic: The Emergency Broadcast System was slated to start broadcasting around 10-10:15 am EST Wed. 10 March.

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Tues. 9 March 2021 The Big Call, Bruce: Thebigcall.net 712-770-4016 pin123456#

The structured payout can be from 15 years to 300 years.

They want to know if you have trustees who could take over to make sure you have longevity for your projects.

There was an instruction Video available upon request.

Wed. morning 10 March Iraqi time they expected to put the Dinar rate out – with a deadline of Sun. 14 March.

The Iranian Rial would be on par with the Iraqi Dinar.

Tiers 1, 2, 3 have been paid at least their 1% of their total.

Tier 1 (governments) 47,000 government and military has been paid.

Bonds were being paid out overnight.

Tier 4B (us) were next.

EBS was being tested globally around 5pm Tues. 9 March. The EBS in the US has been tested and passed.

As of last Sun. night 7 March the EBS Starlight Satellite System was set up and going.

Something major (on the EBS system) was slated to be broadcast around 10-10:15 am EST Wed. 10 March.

The Window for this to happen was: tonight Tues. 9 March to Sat. 13 March.

Read full post here:   https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_10.html

Courtesy of Dinar Guru

Petra  Because there is a huge amount of infrastructure that was necessary to bring this whole thing together and now looking in hindsight...we see the requirements what were necessary for the premise 'It can not fail with the citizens.'...there was no true "kicking the can".  It was the development of the infrastructure that was necessary so it would be successful...a lot of work had to be done...to make it work.  And to make it clear no more shenanigans can go on inside Iraq banks and markets.  It's going to be a clear transparent system by which currencies and businesses can transact in the world we call Iraq.

MilitiaMan   A process had to be brought fourth...a currency reform is complex...It's not an easy task to do what they're doing.  They have to set up things.  They've got decisions that need to be made.  They have to set the stage for the economy to be able to do this.  And they have to have components of psychology involved because the people can't adjust... ultimately they had to get everything in order...kicking the can? ...or were they really just stalling for the system to be in place? ...eventually they've got to finish it...I think the 2021 budget, the Kurds, Hydro Carbon Law - they're all waiting for the same thing - the time to get that phone call saying show up. It's show time!

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THE DIGITAL REALITY: The Importance of Real Diversification by LYNETTE ZANG

Streamed live 17 hours ago

As the public is being “nudged” online, the importance of having a truly diversified portfolio is growing. While Wall Street wants you to think of diversification in terms of stocks and bonds and central bankers want you to think you only need fiat currency (USD).

But a truly diversified portfolio includes tangible assets and real global money, like physical gold and silver in your possession and OTS (outside the system).

This video will show you why this is more important today, than ever before.

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

Bill Holter, John Rubino and The Nomad Economist Tuesday Evening 3-9-2021

Bill Holter: Everything Bubble to Bring Massive Systemic Collapse

Palisades Gold Radio:  Mar 6, 2021

Tom welcomes an absolute icon to the show, Bill Holter. Bill works and writes alongside the legendary Jim Sinclair at JSMineset.

Bill discusses the events in Texas during the winter storm and why the weather was sigma level abnormal. The forecasts were wrong, and the infrastructure in Texas was not built for those temperatures. This was the worst storm in 150 years, but Bill says, "The financial storm that is coming is 100% obvious and certain.

There is 280 trillion in debt and one quadrillion in derivatives outstanding, and neither will perform. What is a contract valued at that can't perform; the answer is zero, and that is what you have in these markets. The debt tail of this dog is ten times larger than the dog itself."

Bill thinks the shutting down of the economy eased issues behind the scenes with the credit and repo markets. They took advantage of the situation to stall the inevitable. We see interest rates pressured higher, but the danger is in the excessive leverage, and they can't allow rates to rise.

 If they move higher, the economy is finished, so they will choose to rig the system. All financial assets are in the most massive bubble in history.

Eleven million homeowners are behind on their mortgages, and what happens when evictions resume. Silver remains undervalued, and the gold/silver ratio is well out of the historical range.

Most of the silver is already spoken for, and therefore, we must be entering into a shortage. We've been heading in deficit for a while, particularly if you look at the metal supply-demand profile.

Bill thinks more people are beginning to look at gold and silver as a haven. He doesn't know if the Reddit movement will make a difference but has zero doubt that silver and gold will find their real value.

At these prices, people are not selling their silver. Raise the price high enough, and some supply will return. Everything that you do and use relies on credit and what happens when that system stops functioning.

 The products and services the world depends on will disappear for a time.

Time Stamp References:

0:00​ - Intro

0:34​ - Lessons from Texas Outage

2:37​ - Financial Storms

 3:57​ - Debt To GDP

4:47​ - Buffet Indicator & Repo Mkt.

7:31​ - Yield Curve Control

8:02​ - Other Risks & Bubbles

8:52​ - Defaults and Stimulus

10:25​ - Deflation & Inflation

 11:56​ - Saving For It

12:55​ - Silver Still Undervalued

13:53​ - Silver and ETF's

14:52​ - Silver Price Discovery

16:28​ - Inflation & PM's

16:59​ - Wrap Up & Final Thoughts

https://www.youtube.com/watch?v=G_4IMlUUpqQ

Final Warning…Currency Reset Has Begun: Hyperinflation Has Begun-Dollar Crisis Inevitable-John Rubino

Economic Predictions 2020:  Premiered 3 hours ago

Full Document transcript go to :https://www.financialanalysis.tv

https://www.youtube.com/watch?v=R_Jp_xc8hOg

The Crash of the Everything Bubble Has Begun

The Nomad Economist:  Mar 9, 2021

https://www.youtube.com/watch?v=1o5NZNBEjVIhttps://www.youtube.com/watch?v=1o5NZNBEjVI

End of the Road: "How Money Became Worthless"

Documentary | Financial System | Gold vs Dollar | How Money Became Worthless | Bretton Woods

Mar 7, 2021

End of the Road: How Money Became Worthless (2012).

Economical Documentary on the international financial system, Gold, Dollar, Money.

In 2008 the world experienced financial turmoil. Markets crashed, stocks plummeted, and financial institutions thought to be invincible, collapsed.

Was the financial crisis solved or were the problems merely kicked down the road?

Director: Tim Delmastro Writers: Jason Spencer, Tim Delmastro Stars: Adam Fergusson, G. Edward Griffin, Mike Maloney

In 2008 markets crashed, stock prices plummeted, and financial institutions, once thought invincible, showed signs of collapse.

Governments issued massive bailouts and stimulus packages in an effort to keep the world economy afloat. We’re told these drastic measures prevented a total collapse of our system, yet a growing sense of unease fills the population.

Cracks have started to appear.

What lies ahead as a result of these bold money-printing measures? Was the GFC solved, or merely kicked down the road?

In 2008, the stock market crashed, and the evidence is clear that the global economy has not recovered completely more than a decade later. To recover from the financial shocks, bailouts and stimulus packages were used to speed up the financial rehabilitation.

Governments did what they felt was necessary to ensure that life as we know it could continue on the most familiar path possible. However, the question remains of whether the crash was just a symptom of a larger, more pervasive problem.

As one of the most powerful global political and economic players, the United States government has played and continues to play a critical role in what happens to the global financial system.

However, the country has established a pattern that may ultimately undermine the very structures it has influenced. As long as the government is able to maintain the high level of faith it amassed in the beginning, the status quo may remain unchallenged but as time progresses, this seems less and less likely.

The global economy took a turn to its current trajectory in 1971 with the "temporary" suspension of the gold standard.

It was then that the 1944 Bretton Woods Agreement was abandoned and money became the fiat currency it is today. But what is the difference between money and currency? Why is it relevant to the average person? How can it even affect the average individual?

Understanding these details is important before anyone can begin to grasp why money was but is no longer "as good as gold."

 It is key to understanding and anticipating how another stock market crash might come about and assessing and inferring from a personal standpoint how likely it is.

There are some who believe the financial system operates as just a giant Ponzi scheme, but as long as they meet everyday needs, does it really matter?

Is the problem just at a point where it is in an endless loop that just feeds itself? What role does debt inflation play in all of this?

 How much of the effects can the government really control and just how far are they willing to go to maintain this control?

https://www.youtube.com/watch?v=pNIE7qUePq8

Lynette Zang, X22, Fleming and more Monday Night 3-8-2021

HEADLINE NEWS WITH LYNETTE ZANG

How The FED is Losing Control...

Streamed live 5 hours ago

Do you consider yourself part of the sheeple who just go along with whatever they tell you on TV, or do you like to make decisions for yourself?

In this video, Lynette peels back the curtain and shows the truth regarding the current financial markets, not the puppet show they’re playing out for you on mainstream media.

She shows you the true foundation of the system, the true status of the markets as of today, and why they just stopped reporting on two major indicators of its structural stability.

Then you can make your own decision about what you're going to do next.

https://www.youtube.com/watch?v=yNiHj-XDODg

Fleming Second RV update for tofay:

Regarding the bond liquidity process being stopped a few hours ago, our military intel contact said it was started up again at about 4 pm PST;

It was a pause, not a stop; the reason for the stop was (1) there was an issue with the QFS paying out bond liquidity and (2) it  had to be audited, checked and rechecked, all passed, so now it’s moving again—that’s his info, and all paymasters and attorneys and group leaders and bond seller recipients are still at their posts waiting for it to be released this week and it will be released, he said; that’s his current info.;

Regarding the various parts of the system failing us, he said set back and keep watch because everything will change this month of March during and after T4B exchanges.

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Courtesy of Dinar Guru

Jeff   They're not going to approve the budget...until Saturday March 20th.  This is becoming so predictable.  They're gonna do the budget 24 hours before they change the rate.  It's that simple...

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X22 REPORT Financial Report Ep. 2422a - The People Are Now Being Presented With New Economic System

[JB] economic policies are now destroying the economy, prices are moving up and the people are noticing the difference, this didn't take long. The oil prices have risen since [JB] has taken office. The [CB] is preparing to raise rates, they are testing the markets, when they proceed this is the signal that they will be bringing down the economy. The patriots are now presenting the people with a new economic system.

 https://rumble.com/vegkbb-ep.-2422a-the-people-are-now-being-presented​-with-new-economic-system.html?mref=9ceev&mc=ewucg

The Atlantis Report:

WARNING: Inflationary Depression & Economic Pain is Only About To Begin

Mar 8, 2021

Interest rates are going to skyrocket due to the pandemic and the inflation. With higher inflation, the ten years bond had no choice to give a high-interest rate.

The money continues to flow to many who do not need it, while many Americans continue to suffer. The stupidity of the US government in dealing with this economic crisis seems to know no bottom.

Checks for people who don’t need them were obtained with money borrowed from my children’s generation. We gave trillions of dollar tax cuts to corporations who didn't need it, who then turned around and, instead of pay increases, bought back their own stock in order to, artificially, inflate their value and, authentically, inflate their bonuses.

Governments have also borrowed record amounts which will impact fiscal policy for generations (unless inflation returns to erase the debt). The point is government and corporate spending is unsustainable here, any further up, so is the housing market.

 It all leads to a nasty crash in commodities,which might be what the Fed wants. The bond market will be sitting on their hands this Monday. Who wants to buy 1.9 trillion of new debt? The interest going to skyrocket due to the pandemic and the inflation. It’s the level of debt. It’s higher than it’s ever been. A small move will make repayment impossible. This whole thing is burning down .

 The economic pain is only about to begin. People are without food in the greatest country in the world! The 1.2% increase this year in Social Security does little to help most seniors. They continue to line up in food banks and not take their meds because they can't afford them.

https://www.youtube.com/watch?v=-d9I-kWKxzc

News, Rumors and Opinions Monday Afternoon 3-8-2021

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 8 March 2021

Compiled Mon. 8 March 12:01 am EST by Judy Byington

Judy Note: Dates shown below could easily change as per an analysis of possible events by the Quantum Computer and dependent upon how certain events played out.

A Tier 4B (us, the Internet Group) Shotgun Start was expected around Mon-Tues 8, 9 March, with Zim Bond redemption and foreign currency exchanges under the higher rates going to Sun. 14 March.

On Mon. 15 March the general public would be able to exchange gold/ asset-backed foreign currencies at the new international rates.

Implementation of the Global Currency Reset having taken away the Cabal’s money supply, their retribution was likely to come through Cyber Attacks, a Stock Market crash and causing the Internet to go down, along with a worldwide Social Media blackout.

Read full post here:  https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_8.html

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

Jeff  Article:  "The British Ambassador: Iraq will witness a great openness to the world". Why is he saying this?  He knows that Iraq is on the cusp of going international again.  That's why the pope arrived on Friday...He's telling you Iraq is preparing to open up to the world again.  This type of information did not start coming forward until the [2/20 Saleh] article by the #2 man of the Central Bank.  Saleh told you Iraq was on the brink of economic recovery...

Mike Cottrell  [via PDK]  [Is there anything we are still waiting for or do you think it could be “any moment”.]  I think it could be any moment…I think sometime this month they have to kick it off. We are very close.

Jeff  Article:  "Representative economic:  The conditions are ready to adjust the exchange rate and the oil barrel in the budget"  This is a great article...Iraq hasn't revealed the true price of oil to you nor have they shown you the true dinar amount contained in that budget...They're hiding those numbers and figures from you so you cannot see that this budget is linked to the rate change...we're in a great position.  This ride's over in about two Sundays IMO...

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KTFA:

Samson:  The Iraqi parliament holds a "special" meeting due to the high oil prices

8th March, 2021

The Finance Committee of the Iraqi Parliament revealed today, Monday, that an urgent and special meeting will be held to discuss the high oil prices and its impact on the 2021 budget bill.

A member of the committee, Muhammad Ibrahim, told Shafaq News, “The Parliamentary Finance Committee will hold an urgent and special meeting shortly to discuss the rise in oil prices and its impact on the 2021 budget bill, and to study this rise is it sufficient to cover the fiscal deficit completely or will it work reducing it, and the possibility of dispensing loans after this rise."

And between Ibrahim; That "there is a possibility that some amendments will be made to the draft budget bill in 2021, after this rise, and this matter will also be discussed, discussed and thoroughly studied at the meeting, which will be held shortly by the Parliamentary Finance Committee." LINK

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Samson:  The Saudi Foreign Minister arrives in Qatar on an official visit

03/08/2021 15:20:22

 The Saudi Foreign Minister, Prince Faisal bin Farhan bin Abdullah, arrived in the Qatari capital, Doha, on an official visit.

And according to what the Saudi Press Agency "SPA" reported on Monday, "Prince Faisal bin Farhan and his accompanying delegation were received at Doha International Airport, Deputy Prime Minister and Minister of Foreign Affairs of the State of Qatar, Sheikh Muhammad bin Abdul Rahman Al Thani.

The Saudi Minister Chargé d'Affairs to the Kingdom of Saudi Arabia to the State of Qatar, Ali bin Saad Al-Qahtani, and a number of embassy employees were also received.

This is the first visit by a high-ranking Saudi official after the Gulf reconciliation.     LINK

Rod Steel Discusses Currency Revaluations & QFS with Nicholas Veniamin- Updates

March 8, 2021

About minute 10:00

NV: Moving on to currencies and the QFS…..i spoke with Charlie Ward Friday and he says big things are coming in March and April…debt forgiveness and stuff like that…what news do you have since we last spoke?

RS: Worldwide…The QFS system is up and running with the swift system still doing a few things in the background for trades…..but as far as you and I are concerned with Nesara/Gesara and the revaluation of currencies…….this all has to be gold backed…..and ‘I am told that until Michael Cottrell enters the codes for the new gold backed system….none of that can be released……he has not be approached to do that yet. I am told that he (Mr. Cottrell)  will be the very last thing they do before activating all those systems. Once he enters the code- it will immediately wipe out fiat money worldwide….and we will see debt forgiveness.  This will be a debt jubilee……the entire system is crumbling and in shambles…..but at some point something needs to happen.

Listen to the replay for more on the Federal Reserve, history of debt forgiveness, corruption, currency exchange rates, Iraq news, and much more…… .

https://www.bitchute.com/video/V8FIGW6gVCzp/

https://www.youtube.com/watch?v=-FSd-EThNZk

Lynette Zang and The Atlantis Report Sunday Evening 3-7-2021

LYNETTE ZANG

What are the Ramifications of Central Bank Digital Currencies?

Mar 4, 2021

Central Bank Digital Currencies (CBDCs) are coming. This new form of fiat money will give central bankers and governments complete control over everyone dependent on them. But everyone needs to remember that money is a tool to value your labor.

We know that inflation is part of the design, but we also know that, officially, there is virtually no purchasing power left to inflate away.

And so, the next target is your principal. When we look at our personal monetary choices, physical gold and silver is within your control (you hold it and own it) and is completely private.

The choice is yours; remain inside the system and hope for the best or become your own banker and hold physical metals truly outside the system.

https://www.youtube.com/watch?v=ZSBLuGrs2Fk

The Atlantis Report

Ways to Prepare to Survive Rising Interest Rates & The Great Implosion Reset

Mar 7, 2021

Ways to Prepare to Survive Rising Interest Rates & The Great Implosion Reset

Crude up. Gas up. Oil up. Electricity up.

Vladimir Putin rubbing his hands in glee over all the BILLIONS Biden energy policies lining his pockets. Gas prices may hit the highest levels since 2014 as OPEC+ keeps oil output cuts.

The U.S. National Debt Will Soon Cross The 30 Trillion-Dollar Mark. The real debt, including debt on and off the books and unfunded liabilities, is actually in the range of 250 trillion.

Once our national debt crosses the 30 trillion dollar mark, our debt to GDP ratio will be surging toward 150 percent.

In the basic Economy 101 classes in college, they laid out the basic laws of an economy. You cannot violate these rules without dire results.

Rule #1: The debt to GDP cannot ever exceed around 90%, or that economy will fail. No ifs, ands or buts about it. We are at 150% now. So the death spiral of America gets worse, and the ground is rushing up at us. But since we have not hit the ground yet; 10-year Treasury yield jumps above 1.60% Thursday afternoon after Powell refers to inflation's rise as transitory.

Transitory from inflation into hyperinflation. Mortgage rates soar above 3%. How high can they go before they scare off homebuyers! Goldman Sachs raises a 10-year Treasury yield target to 1.90%.

The Fed has killed the bond market, and it could take everything down. The bond market could bring down the entire house of cards. The privately-owned federal reserve bank has killed our economy and devalued our dollar.

 The $1.9 trillion COVID bill has passed.A bill with so much pork it would make a hog farmer jealous. They just put the pedal to the metal on this souped-up Dodge of an economy.

All this stimulus and monetizing of debt is supposed to lead to recovery, but we never seem to recover. We're just inflating the stonks...which gives us the illusion of recovery.

Trading bad money for good is always a good idea. Silver is good money. Buying silver is the wise use of any fiat stimulus money.

Silver and gold are a store of wealth. People say you can't eat gold or silver. But I beg to differ. During the Weimar time, paying a merchant with silver got you into the back room where the fresh food was stored.

Paying with stacks of hyper-inflated fiat German marks got you a loaf of moldy bread. Paper assets, including stocks, funds, ETF, bonds, etc., are a waste of time. They are paper assets, and eventually, all paper assets will go to a near-zero valuation.

What will survive this impending catastrophe is hard assets. If you have all your money tied up in the stock market, you need to at least diversify and store up some hard assets.

Retirement is a pipe dream if all you have is paper assets.

https://www.youtube.com/watch?v=TLNugZYr7tU

Judy, Charles Ward, Allister Macleod and more Saturday AM 3-6-2021

RV excerpts from the Restored Republic via a GCR: Update as of Sat. 6 March 2021

Compiled Sat. 6 March 2021 12:01 am EST by Judy Byington

Judy Note: Be aware that dates shown below could easily change as per an analysis of possible events by the Quantum Computer and dependent upon how those certain events played out.

Most Intel sources have signed Non Disclosure Agreements and gone silent, though our Military Intel Contact reported that this past week higher level bonds have been paying out into Tier 3-4A accounts.

The goal this weekend (6-7 March) was to finish paying out higher level bond redemptions into D1 and D2 accounts for the Shotgun Start down-streaming liquidity to T3-4A and T4B accounts.

Tier 4B could possibly start Fri-Sat 5, 6 March, but more likely sometime Mon-Tues 8, 9 March. Tier 3-4A group leaders, paymasters and attorneys remained at their assigned Redemption and Banking Centers for the Liquidity Shotgun Start.

Redemption Centers were given exchange schedules for Tier 4B to exchange/ redeem that could possibly start at some time beginning Fri. 5 March to Sun. 7 March and then go through Sun. 14 March.

The Emergency Broadcast System on Space Force’s new Starlink Satellite System was expected to activate and take over all media outlets across the globe any time by Sun. 7 March.

The EBS would send daily messages to all phones around the globe, ending on Sun. 14 March.

One Iraqi source said they were told Tier 4B would start on Mon. 8 March.

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

Fri. 5 March Fleming’s Military Intel Contact:

D/eep State B/iden people and Congressional traitors tried to slip in a 50-65% wealth tax on our exchanges, but the Military Interim Government was able to remove the tax from the C19 legislation.

This was not holding up the Shortgun start and the Interim Military Govt had 866 military personnel working on getting the RV out.

RV teams have met twice a day to get the upper level Bond Redemption payouts completed from which funds would be down-streamed to Tier 1-4 and Tier 4B levels.

According to the highest Chase Bank sources, Tier 4B could possibly start Fri-Sat 5,6 March, but more likely Mon-Tues 8, 9 March.

This past week higher level bonds have been paying out into Tier 3-4A accounts.

The goal this weekend (6-7 March) was to finish paying out higher level bond redemptions into D1 and D2 accounts for the Shotgun Start downstreaming liquidity to T3-4A and T4B accounts.

MarkZ was told long ago that when the Bond Market hit a low level (such as it was hitting now) we would have an implosion and a reset.

The NESARA national federal debt packages has to START being paid out, (the same internationally for GESARA), when the Tier 5 general public started to exchange on Mon 15 March.

Therefore, we in Tier 4B have to be started very soon in order to make the deadline of finishing Tier 4B exchanges-redemptions by Mon. 15 March.

One reason that the Shotgun Start timing was moved from Tues-Wed, 2-3 March to this weekend into next Mon-Tue 8-9 March, is that on early Wed morning 3 March, D/eep State Iranian backed militias fired 10+ rockets into an Iraqi base housing US troops to scuttle the RV release https://nypost.com/2021/03/03/10-rockets-strike-iraqi-base-hosting-us-troops/?__s=abkaprc5edhgslpea11e

Read full post here:  https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_6.html

QFS with Nicholas Veniamin and Charles Ward

March 5, 2021

Some Snippets from call……….

NV: Charlie has news today about the Quantum Financial System and that March is a very big month.

CW: I now have in black and white all the details of the QFS and how it works and operates. I can’t comment just yet everything about it…but I have the info in black and white.

This weekend I will be talking with the chairman of the QFS to see what I can and cannot share with the public. They can use me as a mouthpiece to inform the public exactly what is going on with the QFS.

March is going to be March Madness or Mental March….and April is going to be so much fun.

You will start to see things on a very positive level as we transition out of darkness into light. We will be moving from a very controlled place and it’s so exciting. . We are moving away from the corrupt, evil systems of Great Britain, the USA and the European Union and all of the other countries of the world….

There is a lot going on right now. Its coming..there is no stopping it.

NV: When you say March and April are going to be big months – do you mean financially or arrests ?

CW: We are talking about the Quantum Financial System….We are talking about the Global Currency Reset and we are talking about the revaluations….we are talking about arrests and exposure.

 NV: What can you tell us what may happen?

CW: Moving away from the debt enslaved operating system …the old swift system with fiat currency…. And moving into a honest system while we take the power away from the evil and giving the power back to ourselves.  The biggest shock for many will be that the MSM and governments are all corrupt and they have all been in bed together. When they see the truth it will blow their socks off…..

We will be moving into a wonderful place without debt…..it will be an amazing place.  We are moving into a beautiful world.

CW: I will be back soon when I find out what I can and cannot say about the QFS…….

https://drcharlieward.com/qfs-with-nicholas-veniamin/

Alasdair Macleod: Bitcoin Will Die Along with Fiat Currencies

Palisades Gold Radio:  Mar 5, 2021

Alasdair explains how the Treasury plans to spend the 1.6 trillion in the general fund over the coming months and its effects.

The Fed is forcing the large banks to implement negative interest rates on deposits. He outlines backwardation and the implications for overnight loans with negative interest rates.

Alasdair doesn't see much chance of a sudden economic recovery, and the markets are beginning to understand inflation is coming. In an inflationary environment, investors want higher rates of returns on their money.

Rates are rising globally, and ironically, those in Europe are almost in positive territory. He feels the EU banks remain vulnerable and the entire banking system there is in zombie mode. This state can't continue much longer.

Historically gold is extremely cheap compared to the dollar, which demonstrates how broken the markets have become. However, you wouldn't think gold would be acting dead at the bottom of the swimming pool in this environment.

Gold can and often does rise along with bond yields. During the 1970s, gold moved up in multiples along with rising rates. Comex gold suppression is designed to keep regular investors uninterested in the shiny metal.

Silvers has had something of a run in the market, and very little remains in London and Switzerland. They are likely holding some metals back, but overall deliveries from the Comex are tight.

This is a wonderful opportunity to stack and keep in mind you can buy many things when no one else has physical gold and silver.

Alasdair believes that central banks have been leasing gold into the markets. A recent GLD prospectus detailed some reserves of the ETF being held at the Bank of England. The only way that could happen is if it was leased.

Central banks can intervene to smooth things over, but that results in multiple owners. Central banks don't have or store silver. London silver is mostly stored with ETF's and industrial users only take it from the vault as needed.

Bitcoin is a fascinating development, and it's educated an entire generation or more on fiat currency risk. He questions if Bitcoin should be regarded as money or just as a store of value. Due to its deflationary nature, it can't easily support a debt-based monetary system.

Talking Points From This Episode - Recovery, Dollar, & Bonds - Hyperinflationary Scenarios - Bonds, Dollar, & Gold - Bitcoin Vs. Money Time Stamp References: 0:00​ – Intro

 0:34​ - Treasury Plans & Neg. Rates

 8:24​ - Backwardation

9:45​ - Bonds Up Globally

13:58​ - Hyperinflationary Scenario

17:05​ - EU Banking Imploding

18:54​ - Gold Relative to Dollars

20:45​ - Gold and Yields

23:22​ - Silver in London

27:04​ - Gold/Silver is Money

28:08​ - Recent Market Activity

29:35​ - Leasing/Rehypothecation

34:03​ - Bitcoin

37:46​ - Currency and Growth

39:27​ - Using Fiat and Inflation

44:32​ - Wrap Up

https://www.youtube.com/watch?v=0ecSb8l8wC0

Judy, Footforward, SRU and more Friday AM 3-5-2021

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 5 March 2021

Compiled Fri. 5 March 2021 12:01 am EST by Judy Byington

Judy Note: Tier 3-4A group leaders, paymasters and attorneys remained at their assigned Redemption and Banking Centers for the Liquidity Shotgun Start that was expected to begin at any moment from now through Fri. 5 March, although the Space Force’s Starlink Satellite System that accompanied exchanges/ redemption wasn’t scheduled to activate until Sun. 7 March and one Iraqi source said Tier 4B would start on Mon. 8 March.

Most Intel sources have signed Non Disclosure Agreements and gone silent, though Redemption Centers were said to have been given exchange schedules for Tier 4B to exchange/ redeem starting at some time on Fri. 5 March and then go through Sun. 14 March.

Thurs. 4 March 2021 The Big Call, Bruce: Thebigcall.net 712-770-4016 pin123456#

Bruce’s Iraqi Intel source was indicating Tier 4B release was Mon. 8 March.

It was still possible that we could begin Fri. or Sat. 5, 6 March.

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

GCR/ Restored Republic Schedule:

On Wed. 24 Feb. at 4:30 am EST Quantum Financial System (QFS) switch was turned on. At 10 am EST they shut down the Federal Reserve System – the Cabal and their Central Banking System had been completely cut off from using We the People’s taxpayer dollars. By 6 pm EST the new US Treasury, plus gold/ asset-backed currencies of 209 countries across the globe had been absorbed into the QFS, after which the fiat US Dollar crashed and the new gold/ asset-backed US Treasury Note activated.

The General Public Tier 5 was set to start exchanging foreign currencies at the new International Rates on Mon. 15 March, the Ides of March.

Mon. 15 March was also when NESARA debt jubilee debt forgiveness packages would be implemented and begin to pay off federal debt for mortgage, credit card and other past federally backed debt classes.

By 15 April 2021 the US Republic would be restored to concepts of the original Constitution.

Read more here:  https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_5.html

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

Courtesy of Dinar Guru

Footforward   [...Is there reason to not exchange all your currency? If we hold some back will we be able to exchange later?]  Some people feel it will go higher over time. I think they give us 30-45 days to exchange our notes. I'm not waiting. With stock markets and crypto markets down, there is alot more money to be made then your would make for just waiting for a higher rate. Sometimes you need to leave a little bit on the table to take the better deal.   [NOTE: Be sure to consult your professional financial advisors at the appropriate time.]

Pimpy  I still think in 2021 we will see some rate changes in the positive direction for us.  As far as an announcement on an RI or RV whatever you want to choose, is it possible?  Yes of course it is.  There are a lot of factors out there that help the economy rebound - Oil prices going up.  The deficit reducing. The economy recovering.  Reconstruction ...take the good, the bad and the ugly.  Stay grounded...watching the Iraqi government recover.  Their economy recover and then watch them slowly but surely strengthen the dinar against the US dollar...

Repo Rates Plummet Near Record Low -4.25% In Bond Market Meltdown

Silver Report Uncut:  Mar 5, 2021

Repo market madness is back again as the bond market chaos is pushing the overnight repo markets into negative rates.

The repo market was flipped on its head and the overnight repo rate plunged as low as -4.25% meaning the lenders were ending up paying the borrower due to the huge volume of banks borrowing to buy Treasuries.

A former Fed repo market chief from the NY fed was warning something needs to be done immediately about the bond market and the coming SLR suspension expiration.

 This may be the beginning of the imminent correction that BofA JP Morgan and Goldman Sachs have been warning about.

https://www.youtube.com/watch?v=a6hafMRI2fo

News, Rumors and Opinions Thursday AM 3-4-2021

RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 4 March 2021

Compiled Thurs. 4 March 2021 12:01 am EST by Judy Byington

Judy Note: On Tues. 2 March evening Fleming’s Military Intel Contact reported that Tier 3-4A group leaders, paymasters and attorneys remained in place at their assigned Redemption and Banking centers. The Liquidity Shotgun Start would begin at any moment on Wed - Fri. 3-5 March.

Redemption Centers have been given exchange schedules for Tier 4B to start on Thurs.-Fri. 4-5 March through Sun. 14 March.

New, Safe Internet and Social Media Platform, plus a Takeover of the Mass Media:

On Mon. 1 March at 8:15 am EST a new and safe platform for the Internet was being tested. The information system had been developed under the US Space Force with three satellites called the Starlink System. Starlink would link into cell phones and computers worldwide for a much safer, secure and efficient system than we now had.

On Fri. March 5 at 6:30 pm EST there was expected to be a military takeover of Mainstream Media across the globe on their Starlink System

GCR/ Restored Republic Schedule:

On Wed. 24 Feb. at 4:30 am EST Quantum Financial System (QFS) switch was turned on. At 10 am EST they shut down the Federal Reserve System – the Cabal and their Central Banking System had been completely cut off from using We the People’s taxpayer dollars. By 6 pm EST the new US Treasury, plus gold/ asset-backed currencies of 209 countries across the globe had been absorbed into the QFS, after which the fiat US Dollar crashed and the new gold/ asset-backed US Treasury Note activated.

The General Public Tier 5 was set to start exchanging foreign currencies at the new International Rates on Mon. 15 March, the Ides of March.

Mon. 15 March was also when NESARA debt jubilee debt forgiveness packages would be implemented and begin to pay off federal debt for mortgage, credit card and other past federally backed debt classes.

By 15 April 2021 the US Republic would be restored to concepts of the original Constitution.

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

Wed. 3 March Fleming’s Military Intel Contact:

The Liquidity Shotgun Start was still at an any moment to begin Wed, Thurs, Fri. 3-5 March.

Over the past 48 hours, Tier 3-4A group leaders, paymasters and attorneys were in place at their assigned Redemption and Banking centers. Though, some left their posts, they returned after being told that the start was imminent this week.

They have been finishing paperwork to make sure all was in order for payouts and account accessing would begin at the same time that we in Tier 4B would start exchange/ redemptions.

Redemption centers have been given exchange schedules for Tier 4B to start Thurs.-Fri. 4-5 March through Sun. 14 March.

All was ready and awaiting some sort of announcement about Iraq finishing their budget and RV rate overnight Tues.-Wed. 2, 3 March. That announcement may not be public and only made to banks and financial institutions.

The general public Tier 5 was set to start Mon. 15 March, the Ides of March.

Mon. 15 March was also when NESARA debt jubilee debt forgiveness packages would be implemented and begin to pay off federal debt for mortgage, credit card and other past federally backed debt classes.

Over this past weekend Iraq released a press statement saying that the Iraqi Parliament would stay in session daily until they finished their budget and thereby released the new Dinar RV rate.

Iraq has been done for a long time and waiting on the green light from the US military to be able to say they were done with the budget and could publish their Dinar RV rate.

Our Military Intel Contact urged to keep our expectancy high with ongoing prayers over the release process.

Read full post here:  https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_4.html

Courtesy of Dinar Guru

Walkingstick and Frank26   ...IOO this week or at the start of next week you're going to start seeing more articles from the CBI.   1.  The first articles that will be coming...is an affirmation of the meetings that the CBI has been having with what we call the Fab Four.  These meeting are still ongoing.  2.  Once you see these article of an affirmation about these meetings and their agreements of what they are going to do with their monetary reform, a few days later after that you've going to see more articles from the CBI with information on the face value of the new small category notes...   [post 1 of 2...stay tuned]

Walkingstick and Frank26    [Frank speaking for the CBI to the Citizens of Iraq]   ...citizens of Iraq you still have dinar in mattress don't you.  That's ok...the 1000, the 500, whatever you have - they're still going to coexist but only for a certain time frame Iraqi citizens...GOI you go ahead and use the 50k and the 100k for business.      3.  The CBI will also discuss in these articles to the citizens what was agreed upon with the new exchange rate and the REER (the Real Effective Exchange Rate)... 4.  These meetings are still ongoing.  They will continue even after the value of the Iraq dinar goes up and pegs to the American dollar.  These meetings will continue to make sure that everything is according to what they all agreed upon.  Praise God. [post 2 of 2]

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

Iraqi Dinar News for 03/03/21

Pimpy’s Investment Chat:  Mar 3, 2021

https://www.youtube.com/watch?v=uslRbDbems0

Mike Maloney:

What is the Cheapest Asset in the World?

March 3, 2021

What is the cheapest asset in the world? Join Mike Maloney and Jeff Clark as they discuss the answer, along with all of the most recent news for gold and silver investors.

https://www.youtube.com/watch?v=H5yYzTsgCgc

Samson Posts "Wednesday News" from KTFA 3-2-2021

KTFA:

Samson:  Including Iraq .. 5 Arab countries are threatened with famine due to the collapse of the currency

3/03/2021 14:03:28

 The residents of 5 Arab countries (Syria, Lebanon, Iraq, Yemen and Sudan) are under the influence of a gradual deterioration of the local currency against the dollar, which contributes to high commodity prices and threatens a famine that crushes the poor classes

Iraq is trying to control the exchange rate of the dollar, without changing that from the poor living reality that was affected of course, as the dollar recorded 1,462.5 dinars. 

And the Iraqi government decided at the end of 2020, to raise the value of the dollar against the Iraqi dinar from 1200 dinars per dollar to 1450, to cover the deficit in the 2021 budget that has not yet been approved. The government decision from the Central Bank has contributed specifically to high prices, especially foodstuffs, as Iraq depends on imports to secure its goods.

On Tuesday, the Lebanese currency plunged to 10,000 pounds against one dollar, at an unprecedented level for the currency that was damaged by a financial collapse that caused chaos and turmoil.

The Syrian pound also recorded a new record deterioration in its value in the parallel market, reaching the threshold of four thousand against one dollar in a country where the conflict this month enters its tenth year.

In Sudan, the dollar recorded 376 pounds, as the floatation of the Sudanese pound during the last two weeks caused a frightening deterioration in the exchange rate of the dollar over the past six months from 150 pounds in August, until it reached 376 pounds on Wednesday, which led to an insane rise in the prices of consumer goods. This was reflected in the lives of citizens and led to many demonstrations due to high inflation.

As for Yemen, the Yemeni Prime Minister, Maeen Abdul Malik, warned that the continued collapse of his country's currency heralded a "famine", as the dollar recorded 250 Yemeni riyals. Abdul-Malik reviewed with United Nations Secretary-General Antonio Guterres the difficult economic and humanitarian conditions Yemen is experiencing, and the urgent needs required to support the economy and stabilize the national currency, and warned that the continued collapse of the currency heralds the occurrence of a "famine". Efforts should be combined to quickly rectify it.   LINK

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

Samson:  A Financial Mechanism That Adopts Two Prices To Exchange The Dollar Against The Iraqi Dinar

3rd March, 2021

The economic expert, Rasim al-Akidi, proposed a financial mechanism that adopts two prices for the exchange of the US dollar against the Iraqi dinar, and confirmed that adopting two rates to exchange the dollar in the import file will protect millions of poor people in the country.

Al-Aqidi said that during the past years, import operations in Iraq were mostly conducted with unnecessary materials and others produced at home, which led to severe damage to large industrial sectors, and pushed thousands to unemployment. He added that the import process mainly relies on old mechanisms in light of the presence of influential parties, forces and armed wings, all of which made it difficult to follow up and monitor, especially in ports and outlets, pointing out that the dollar used to go out for import, but in fact the bulk of it was fleeing.

He explained that the state, after its decision to adopt the new exchange rate for the dollar at 1450, can adopt two exchange rates, the first for luxury items and according to the new price, while the other price for food and medicine can be done through a clear and uncomplicated mechanism, where the dollar is sold to merchants and companies. That intends to import food and medicine at the current exchange rate.

The economist added that after the arrival of the materials and the completion of all procedures, including examination and payment of customs, the difference between the old and new dollar prices will be returned, which remains as trusts with the state until the import of the imported materials is verified and the rest of the other obligations are completed.

He continued, that the adoption of a mechanism for dealing with food or drug dealers through what we call the food or medicinal dollar, will ensure the arrival of materials at very reasonable prices, because they will focus on basic materials, thus protecting millions of poor people in Iraq from high prices, and ensuring that the state continues within the framework withdrawing the dinar and increasing its dollar balance.

Al-Akidi stressed that this process indicates a very important matter, which is creating competition in importing food and medicine, to prevent their monopoly and raise their prices.   LINK

Samson:  A good aspect of the obelisk: the white paper calls for sustainable development and minimizing economic shocks

3rd March, 2021

Advisor to the Prime Minister Mazhar Muhammad Salih said on Wednesday, March 3, 2021 that Iraq is entering the stage of economic recovery after high oil prices and economic reforms.

Saleh told Al-Masalla that Iraq is on the verge of economic recovery because there is a tangible agricultural boom that will achieve a growth in non-oil GDP in 2021 by more than 4%, which is about one and a half times higher than the population growth. Energy in the world is a positive indicator that strengthens the country's public financial capacity.

Saleh calls for laying a foundation for sustainable development and minimizing economic shocks. He pointed out that the international community supporting Iraq through the International Financial Alliance team, which was established months ago, expressed its desire to support the established principles for the sustainability of growth in the national economy, as expressed in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity for economic reform, which is the linchpin of this sustainability. Developmental.

He added that the formation of the Supreme Committee for Reform, which will have decisive and fundamental executive decisions to promote productive, investment and operational activity in the public and private sectors, will be supported by a large international presence represented by international multilateral financial institutions and the Group of Seven major industrialized countries.

The Prime Minister’s Adviser for Financial Affairs stated that the government will benefit from the high oil prices in strengthening the country's financial leverage.

Salih said that the breakeven point or balance in the budget requires that the average annual price of a barrel of oil exported abroad be at least 75-80 dollars per barrel, indicating that at that time the deficit gap will be closed completely, and the sources of borrowing to meet the budget deficit are mostly automatically canceled.

He added that the government benefits from the current high oil prices, which have reached more than what was written in the budget, especially with the country heading to closure again, stressing that this will lead to strengthening the country's financial leverage to face the problems of social need.  LINK

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

Samson:  An unprecedented collapse of the Syrian currency: about 4 thousand pounds to one dollar

2nd March, 2021

On Tuesday, the value of the Syrian pound decreased to its lowest historical value against the US dollar and approached 4 thousand Syrian pounds against one dollar.

The exchange rate of the pound against the US dollar in the Damascus markets this evening was recorded at 3960 for sale, 3910 for purchase, while 3885 SYP were recorded for purchase in the Qamishli market in the Autonomous Administration region of northern and eastern Syria.

The price of the European euro rose to 4780 for sale and 4700 for purchase, while the Turkish lira recorded a price of 538 for sale and 526 for purchase. Gold continued to rise, and a gram of 21 recorded the price of 192,000 Syrian pounds, while a gram of 18-carat gold recorded a price of 164,000 pounds.

Anwar al-Lababidi, the owner of a store that sells electrical appliances in Damascus, told Shafaq News that most of the shops closed their doors this evening due to the rapid rise in the price of the dollar and the inability to match the exchange difference between wholesale purchase and sale. Al-Lababidi explained that "merchants and shopkeepers are exposed to great losses due to the instability of the exchange rate."

Masoud Halim, one of the money changers in the Qamishli market, told Shafaq News that the exchange rate of the dollar rose within one hour this evening by more than 200 SP, which caused chaos in the market and most of the money changers refused to sell or buy the dollar this evening.

The regions of Syria witness a difference in the exchange rate of foreign currencies against the Syrian pound, as the price differences in the areas of the Autonomous Administration and the opposition from the areas of the Syrian government reach nearly 100 SP, sometimes due to the Syrian government's tightening measures on foreign exchange circulation in its regions.

This new decline came amid expectations that the Syrian pound could reach the limits of 4000 pounds per dollar within a few days.   LINK

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Samson:  The Reason For The Decline Of The Lebanese Currency Again

3rd March, 2021

A Lebanese newspaper revealed, today, Wednesday, the reasons for the rise in the exchange rate of the dollar against the Lebanese pound to ten thousand pounds in one day.

 The Lebanese newspaper Al-Jumhuriya mentioned, citing informed sources, the main reasons for this move, which is the “initiative of some banks to“ suction ”(withdraw) dollars from the market to raise their capital, as requested by the Central Bank of Lebanon. In addition, the market reopened after the closing of the past weeks, and the need for traders to obtain dollars to buy new goods.

Likewise, all political outlets are blocked and people lack hope and safety, which prompts them to exchange their liras for dollars in anticipation of the unknown.

The circles considered that in addition to the impact of the new factors on the dollar, there are other reasons related to the structural crisis of the economy, with which the traditional treatments and the enthusiasm of some to return to the old economic "model" no longer work.

With the renewed popular protests in the street, a political reference was quoted as saying that he was very angry about what things had turned out to be, saying: “I am surprised how people are late to revolt, and how their resentment is still within these limits?”   LINK