More News, Rumors and Opinions Thursday Night 3-18-2021
.TNT:
Tishwash: Next Monday, the Supreme Court will begin implementing the Federal Court Law
The Supreme Judicial Council confirmed, on Thursday, that it will implement the Federal Supreme Court law, starting from next Monday.
The council’s media stated in a statement that Mawazine News received a copy of, that “the President of the Supreme Judicial Council, Judge Faiq Zaidan, invited members of the Supreme Judicial Council to meet on Monday morning, March 22, 2021, to implement the Federal Court Law Amendment Law No. 30 of 2005, which was approved by the Council. Representatives on March 18, 2021. "
The statement added, "The president and members of the current Federal Court will be honored on the occasion of their retirement."
TNT:
Tishwash: Next Monday, the Supreme Court will begin implementing the Federal Court Law
The Supreme Judicial Council confirmed, on Thursday, that it will implement the Federal Supreme Court law, starting from next Monday.
The council’s media stated in a statement that Mawazine News received a copy of, that “the President of the Supreme Judicial Council, Judge Faiq Zaidan, invited members of the Supreme Judicial Council to meet on Monday morning, March 22, 2021, to implement the Federal Court Law Amendment Law No. 30 of 2005, which was approved by the Council. Representatives on March 18, 2021. "
The statement added, "The president and members of the current Federal Court will be honored on the occasion of their retirement."
The House of Representatives voted, during its session held today, Thursday, on the First Amendment Law (Order No. 30 of 2005), the Federal Supreme Court Law link
Cutebwoy: Parliamentary Finance: The budget is ready for voting, with the exception of a paragraph related to the Kurdistan region
Baghdad – Mawazine News
, Deputy Chairman of the Parliamentary Finance Committee, Muthanna Abdul Samad Al-Samarrai, confirmed that the budget is ready for voting, with the exception of a paragraph related to the Kurdistan region.
“The Presidency of the House of Representatives today held an important meeting that included the Finance Committee and heads of political blocs in Parliament, to complete the requirements of legislating the Federal Budget Law for the fiscal year 2021,” al-Samarrai said in a statement.
Al-Samarrai indicated that “the budget is ready for voting whenever it is presented to the House of Representatives, and that one paragraph related to the Kurdistan region still needs political consensus between the political blocs,” noting that “the budget law will be presented in the next session of parliament for a vote on it, and that the committee will hold another meeting before Parliament session in a final attempt to encircle the differences over that paragraph. ”Ended
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KTFA:
DeepWoodz: Imo....With all the articles saying the rate is going to stay at 1450 for another year or two.....
it seems logical to me that a change for the better is IMMINENT.
It would be nice for them to just come out and say HEY,,, WE ARE CHANGING THE RATE SO THAT ONE DINAR EQUALS ONE DOLLAR AND WE ARE DOING IT ON APRIL 12th AT THE START OF RAMADAN!!!
But that wouldn’t help get those 000’s in now would it?!?!
I was thinking about those 000’s the other day and it makes sense that they re-coupe as many of those notes as possible! After all....thanks to Obama we are going on 18 years worth of them notes being circulated. It will take twice as long to get them in as normal. Imo
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Courtesy of Dinar Guru
Jeff Article: "Kurdistan Regional Government announce the suspension of official working hours on the occasion of Nowruz holiday" This is a federal holiday - country wide...Don't let them fool you. It's not just a holiday. There's bigger things happening during this period...on the 21st they will have the ISX shutdown...just so you know that was the same official holiday Kuwait utilized...for Iraq it will be Sunday morning round 7-8am their time when they change the rate...it's got to be a Sunday... history is repeating itself and Iraq is walking in Kuwait's footsteps...
Frank26 Because of the things that they're doing with the monetary [reform?], collecting the 3 zeros, you'll see the Iraqi dinar grow in value outside of the country...if it starts out at 1 to 1...within...90 days...it's possible that we could maybe see 2 to 1. What about when it hits the Real Effective Exchange Rate...? ..maybe within an 8 month period...outside Iraq...it has the potential IMO to be capped around $4.25...this is a speculative investment. There's no way in the world that I'm sitting here telling you this is what's going to happen. What I'm simply telling you is my opinion and nothing more...
The Problems of a Gold Price Revaluation
Miles Harris: Mar 15, 2021
A gold price revaluation solves many problems but also causes numerous issues.
This video explores the potential problems of a gold price revaluation to help reduce the real size of national debts.
FED, DEBT & DEFLATION...HEADLINE NEWS WITH LYNETTE ZANG
Streamed live 95 minutes ago
More News, Rumors and Opinions Wednesday Night 3-17-2021
.TNT:
Tishwash: A representative source reveals the agenda for tomorrow's session
A representative source told the "Tigris" today, Wednesday, that the parliament session to be held tomorrow, Thursday, will be devoted to voting on the budget and the Federal Court law. link
TNT:
Tishwash: A representative source reveals the agenda for tomorrow's session
A representative source told the "Tigris" today, Wednesday, that the parliament session to be held tomorrow, Thursday, will be devoted to voting on the budget and the Federal Court law. link
KTFA:
Samson: Parliamentary proposal to vote on the Federal Court and the budget with "one basket"
17th March, 2021
A parliamentary source said, on Wednesday, that there is a political proposal to vote on the Federal Court laws and the budget in one basket.
The source said to Shafaq News Agency, that "there is a proposal among some political blocs that the vote on the Federal Court and the budget be in one basket, provided that the political blocs offer their concessions in exchange for voting on the two laws at tomorrow's session, Thursday."
The source pointed out that "the Shiite blocs have no objection to voting on the region's share of the budget, as stated in the government text that the Kurdish blocs give up on the unanimous voting clause in the Federal Court Law."
The Federal Supreme Court is the highest court in Iraq, which has jurisdiction over constitutional disputes. It was established by Law No. (30) of 2005 in accordance with Article (93) of the Constitution. Its decisions are binding on all authorities, and it is completely independent from the regular judiciary and there is no connection between them. It is based in Baghdad and consists of a president and eight members.
Parliament had voted to amend a number of provisions of the Federal Court Law in effect on Monday, after it was unable to overcome differences over three articles in the new draft law for the Federal Court.
This amendment contravenes the Iraqi constitution, which stipulates in Article 92 / Second: “The Federal Supreme Court consists of a number of judges, experts in Islamic jurisprudence, and legal scholars, whose number is determined, the method of their selection and the work of the court shall be regulated by a law enacted by a two-thirds majority of the members of the House of Representatives."
Discussions are still going on in the corridors of Parliament to agree on the remaining articles to pass the new bill, in order to remedy the constitutional breach. LINK
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Courtesy of Dinar Guru
Frank26 You're going to have the new small category notes that will be given to the citizens and they will coexists with a specific amount of 3 zero notes...as they get phased out inside of Iraq, they get phased out outside as well...5 or 6 years ago the 50 note was cancelled by the Central Bank of Iraq - they gave everybody 90 days. So you had 90 days to turn in those 50 notes...
Jeff What's the #1 thing that they're hiding from you....? It's the budget...why is the budget so important? What does it mean? What does it signify? The reason I put a linchpin on it is because the budget itself is the linchpin to the rate change. That's why they're playing the games in the media...when they finish the budget on Saturday the 20th IMO they're probably going to change the rate about 24 hours later.
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(3/17) Vote on budget bill will be postponed until after Newroz holiday
Dinar Investor: Mar 17, 2021
GOLD BACKED CURRENCY...Q&A WITH LYNETTE ZANG & ERIC GRIFFIN
Streamed live 45 minutes ago
MilitiaMan, Max Keiser, Mike Maloney and more Sunday Evening 3-14-2021
.KTFA:
Samson: The head of a parliamentary bloc suggests that the dollar exchange rate will change in the 2021 budget
19:30 - 13/03/2021
Head of Bayariq Al-Khair Parliamentary Bloc, MP Muhammad Al-Khaldi, on Saturday, suggested changing the exchange rate of the dollar in the 2021 budget. LINK
JaimieO: GIT ER DONE IRAQ!
Bravo13: I do believe the Blessing is coming, so much positive information pointing toward the conclusion of this event it's overwhelming. The timing is so hard to pinpoint as we have seen many obstacles we did not know even existed have been overcome. As MM and Petra have stated this is a big to do and there are a lot of Ducks to get lined up here.
PattyCakes77: Kuwait RV I think March 23. Sorry if I am wrong, but my fingers are crossed for next weekend. IMO
KTFA:
Samson: The head of a parliamentary bloc suggests that the dollar exchange rate will change in the 2021 budget
19:30 - 13/03/2021
Head of Bayariq Al-Khair Parliamentary Bloc, MP Muhammad Al-Khaldi, on Saturday, suggested changing the exchange rate of the dollar in the 2021 budget. LINK
JaimieO: GIT ER DONE IRAQ!
Bravo13: I do believe the Blessing is coming, so much positive information pointing toward the conclusion of this event it's overwhelming. The timing is so hard to pinpoint as we have seen many obstacles we did not know even existed have been overcome. As MM and Petra have stated this is a big to do and there are a lot of Ducks to get lined up here.
PattyCakes77: Kuwait RV I think March 23. Sorry if I am wrong, but my fingers are crossed for next weekend. IMO
MilitiaMan: A counter to the articles about the budget. This representative suggests they are to vote tomorrow.
Samson: A representative source denies raising the voting clause on the budget from the agenda of tomorrow's session
13:52 - 14/03/2021
On Sunday, a representative source denied that the voting clause on the draft budget law was lifted from the agenda of tomorrow's session, indicating that the permission to lift the paragraph from the agenda is part of the maneuver that the region’s delegation is carrying out in its ongoing negotiations in Baghdad.
The source said in a statement to "the information", that "the signatories to the inclusion of the paragraph of inclusion of the vote on the draft budget law, the number of more than 150 deputies and representation of more than two-thirds of the parliament insist on not raising the voting paragraph, and on the contrary, the opinion of the House of Representatives will be questioned."
The source added, “The leakage of news about postponing the voting clause on the agenda of tomorrow’s session is an attempt to pressure and procrastinate by the region’s delegation, which is currently conducting its recent negotiations with government and parliamentary parties,” stressing that “the inclusion of the paragraph on voting on the budget will not and will not be removed from schedule of work".
It is noteworthy that a member of the Parliamentary Finance Committee revealed, earlier, that the paragraph on voting on the draft budget law for the year 2021 was removed from the agenda of the parliament session for tomorrow, Monday. LINK
MilitiaMan: So if true, then things may get very interesting and quite quickly.. The expectation now from the citizens is something big is coming.. Salih, is talking today as well. Very important adviser stating that the White Papers need activation or nothing will get done. Talk about being open about it!! They have no choice now. They need the rate to be exposed.. Without saying it direcetly, he is saying it.. imo ~ MM
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Courtesy of Dinar Guru
Jeff Article: "Parliament announces the completion of the vote on the draft law of Federal Court in Monday's session" The fact that you see them getting this law done now confirms to you that the rate change is here because this law had to be delayed and timed with the rate change. They could only bring it forward when they're ready to change the rate. That's what they're doing right before your eyes...more good news walking you into next weekend for a rate change...
Jeff Article: "Political agreement to pass the oil and gas law" Oil and Gas Law is oil profit sharing for the citizens. It's still outstanding...Why hasn't it been implemented yet? It can't be. It's waiting for the rate change. That's why it's still outstanding...In order to implement it they have to change the rate first. Then they can amend the constitution and then they can implement it when the budget goes active on April 1st. Boom! ...all of this is coming forth now. You guys are in the best position. We're golden. This thing is locked and loaded. You are right on the cusp of it...
Keiser Report | Soaring Home Prices, Rising Inequality | E1670
Mar 13, 2021
In this episode of the Keiser Report, Max and Stacy look at the soaring house prices as the money printing pushes up asset prices and now the same policymakers who caused the original problem are concerned that the house prices rising will lock out a generation from owning a home.
In the second half, Max interviews Paddy Lowe of ZeroPetroleum about ‘petrosynthesis’ as a way to address imbalances in markets and the environment.
https://www.youtube.com/watch?v=LiFBl1K9gmMhttps://www.youtube.com/watch?v=LiFBl1K9gmM
How Central Banks Rick Rolled the USA & Why You Should "GO BUY GOLD!"
Premiered 20 hours ago
Join Mike Maloney, Adam Taggart and Jeff Clark as they dissect the biggest news stories of the week. Link to the Central Banker ‘Rick Roll” clip: https://twitter.com/tmychow/status/13...
Fleming, FootForward, Jim Rickards and more Friday Afternoon 3-12-2021
.Fleming Friday RV Update:
Our military intel contact is confirming Mr. Fleming's sources, Bruce's sources, MarkZ's sources, and other sources saying that ALL ARE EXCITED BEHIND THE SCENES BECAUSE THE SHOTGUN START IS ABOUT TO BE RELEASED GLOBALLY
And saying that the T3-4A/B shotgun start, the implementation of NESARA through USN currency notes being released through redemption centers, the QFS integration with Forex for trading all USN pegged currencies, the $1.9 Trillion Stimulus Bill $1,400 direct deposits & checks going out as cover for exchanges starting, also a part of NESARA implementations
Fleming Friday RV Update:
Our military intel contact is confirming Mr. Fleming's sources, Bruce's sources, MarkZ's sources, and other sources saying that ALL ARE EXCITED BEHIND THE SCENES BECAUSE THE SHOTGUN START IS ABOUT TO BE RELEASED GLOBALLY
And saying that the T3-4A/B shotgun start, the implementation of NESARA through USN currency notes being released through redemption centers, the QFS integration with Forex for trading all USN pegged currencies, the $1.9 Trillion Stimulus Bill $1,400 direct deposits & checks going out as cover for exchanges starting, also a part of NESARA implementations
ALL THIS is starting approximately next Sun night 14 March through next Mon-to-Tue 15-16 March; his info is the same as Bruce’s that notifications to the T3-4A bond sellers to receive access to 1% of their redemption account funds are to be released approx. Mon night 15 March into Tue 16 March parallel to T3-4A groups and T4B starting too;
His info matches Bruce’s info that T4B has to be finished by Wed 31 March, and the public T5 will now be started Thu 1 April;
He said, yes, the military did push forward the timing of the shotgun start for several reasons:
(1) This past week’s exchanges that started happening were testing the QFS system and the redemption centers before the release of the shotgun liquidity start and the start of exchanges—these had to be tested and audited to make sure everything was working smoothly before releasing everything;
(2) Coordination of the shotgun start with the $1.9 Trillion Stimulus Bill timeline to provide cover for exchanges so that neighbors seeing currency holders spending money will be buffered by all households receiving the stimulus bill payments providing them with extra spending money;
Our guy said his info matches that of Snake’s banker over redemption centers in 5 southwestern states and MarkZ’s redemption center contacts on the East Coast, all of which are excited and saying the same thing that they are on high alert for the start of exchanges & that they and we are closer than we have ever been to starting exchanges—
Snake’s info: [11.03.21 04:33] From Snake @ 3.30 Thu 11 March:
"…my banker called…While he is still being kept in the dark as to any real rates or the actual start time it was stressed upon him to be in a position to have all his exchange centers fully manned and ready to proceed with the exchanging process within 2 hours or less from his notification and to confirm that capability today [Thu 11 March].Can we let our imaginations run just a little? This is as close that he has been to acknowledging this event is at the go mark."
From MarkZ Thu 11 March: “Even all my redemption center people are on call now …on standby for now and for the weekend……they need to be able to report to the redemption centers within a couple of hours. …things are getting exciting…..All paymasters are in place….even the “hesitant” ones have traveled now.“
Our guy said TAKE IN THE GOOD NEWS, and he recommended praying over all this and staying prepared to start next week.
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Courtesy of Dinar Guru
Walkingstick [via Frank26] the HCL is being pushed dramatically right now. I mean it's being shoved. It's being pushed...and it's extremely important for us to understand the value of that because the HCL is going to allow the new exchange rate to come out...pushing the HCL is telling you and me as investors that they are very very close...
Footforward ...I have stressed this a number of times that the rate cannot be a dollar in my opinion...Its not likely they allow people to set up bank accounts in Iraqi dinar and just let it sit there and increase in value...And I really very much disagree with this whole idea of a low rate and then increase over time...
Jim Rickards: Central Banks And Your Lost Wealth... Will Take A Decade To Recover
As Good As Gold Australia: Mar 5, 2021
In this remarkable interview, Darryl and Brian Panes from As Good As Gold Australia talk with economist, lawyer, investment advisor and best-selling author of Aftermath, The Road To Ruin, The New Case For Gold, The Death of Money, Currency Wars and now, The New Great Depression... the one and only, Jim Rickards.
Judy, Bruce, SRU and more....Friday AM 3-12-2021
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 12 March 2021
Compiled Fri. 12 March 2021 12:01 am EST by Judy Byington
Judy Note: According to our Military Intel Contact Bond payouts began on Mon. 8 March. On Tues. 9 March all liquidity was released, while from Wed. 10 March ZIM and other bond redemptions were being paid out – that would continue through Sun. 14 March.
The Military Intel Contact said Tier 4B notification would take place by Sat. 13 March.
Bruce reported that his info pointed to a Mon. 15 March notification and Tues. 16 March start for Tier 4B. We would have 15 days to do exchanges and redemption until Wed. 31 March. The Tier 5 general public would receive the new international rates on Thurs. 1 April.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 12 March 2021
Compiled Fri. 12 March 2021 12:01 am EST by Judy Byington
Judy Note: According to our Military Intel Contact Bond payouts began on Mon. 8 March. On Tues. 9 March all liquidity was released, while from Wed. 10 March ZIM and other bond redemptions were being paid out – that would continue through Sun. 14 March.
The Military Intel Contact said Tier 4B notification would take place by Sat. 13 March.
Bruce reported that his info pointed to a Mon. 15 March notification and Tues. 16 March start for Tier 4B. We would have 15 days to do exchanges and redemption until Wed. 31 March. The Tier 5 general public would receive the new international rates on Thurs. 1 April.
Also on Thurs. 1 April the debt jubilee NESARA / GESARA debt repayment packages would begin paying off all past federal debt classes in the US, internationally and in multiple countries.
Thurs. 11 March 2021 The Big Call, Bruce: Thebigcall.net 712-770-4016 pin123456#
Sat. 13 March new Iraqi Dinar rate would be made known
Sun. night 14 March at 9pm EST the QFS would be fully integrated so as to be traded internationally and pegged to the USN – the first roots of NESARA.
Mon. 15 March United States Treasury Note (USTN) the new currency of the US would be released – same date as direct deposit of Stimulus check.
They asked that we take no more than $500 in USTN at the time of our exchanges.
This all pointed to a Mon. 15 March notification and Tues. 16 March start for Tier 4B.
Notification to bond sellers released Mon. 15 March night – Tues. morning 16 March.
300 Prosperity packages would be delivered after sunset tonight Thurs. 11 March.
Notifications likely to be Mon. afternoon 15 March to Tues. morning 16 March.
We would have 15 days to do redemption, to be completed by March 31 so that Tier 5 general public could receive the new international rates on Thurs. 1 April.
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What We Think We Know on Exchanges/ Redemption as of Fri. 12 March:
Final rates were not yet locked in. The below were estimated amounts and could easily change:
Those who do not exchange/ redeem at official Redemption Centers would be awarded the lower default rates.
Zim default rate: $ .11 to $.33
Zim rates were negotiable if you had a humanitarian project (30 hundred Zim T Notes have been redeemed at $.94).
Dinar International rate: $3.71, Contract rate if you had no Zim and dedicated 30% to humanitarian: (114 million Dinar have been exchanged at $16)
Dong International rate: $0.47, Contract rate if you had no Zim and dedicated 30% to humanitarian: (1 billion Dong have been exchanged at $15)
International rates: Afghani $2.39, Rupiah $1.08, Rial $3.22
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.
Read full post here: https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_12.html
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Wells Fargo Ditches Abbot Downing Name For Ultra-Rich Clients
Wells Fargo & Co. is dropping the Abbot Downing name for managing ultra-rich clients’ money as wealth and investment-management head Barry Sommers remakes the unit.
The firm will move the business under the Wells Fargo Private Bank brand, according to a statement Thursday. The company previously combined Abbot Downing and the private bank, which serves clients with assets of more than $2.5 million, under one leader.
“The name may change but our commitment to the business, our clients and our advisers serving these clients is steadfast,” Sommers said in the statement. The business has “significant potential for growth, and we will continue to serve the specialized needs of our ultra-high-net-worth clients in the manner they have come to expect.”
Under Chief Executive Officer Charlie Scharf, Wells Fargo has been streamlining businesses and exiting non-essential operations as part of an effort to move the bank past years of scandals. Last month, the San Francisco-based firm agreed to sell its asset manager, a move that Sommers said at the time “will allow us to focus even more on growing our wealth and brokerage businesses.”
Rate Increase Ahead!
(3/11) Latest Iraq Dinar Upate
Dinar Investor:
Addressing Record Net Worth, The Great Lie, The Feds Data Shows Source Of Wealth Inequality
Mar 12, 2021
The truth is the wealthy have greatly increased their wealth as a result of this stimulus plan.
Many have seen an economic benefit in rising housing prices and even those who have stock investments.
The majority of wealth creation has been the 1% as the mass of the gains was centered in equities and some support for many from rising housing prices which has not been shared by the poor in this nation.
Housing is becoming more expensive for them along with groceries and gas. The fed can continue to ignore inflation but the average Americans can't and I saw recent projections that showed the rural areas becoming a wasteland and so far they have failed at that objective.
There has been a near continual exodus from major cities around the nation.
More News, Rumors and Opinions Thursday Evening 3-11-2021
.KTFA:
GFulcher66: ?? to the KTFA fam. In F26's last 2 videos he taught about the 3 phases. In ph1 at 1-1, will we be able to exchange then, or do we need to wait for ph2 higher rate?
As long as we have waited at this point if able I would exchange 90% at 1-1 and hold 10% for the ph2 rate. Thank you for any clarification
Clare: YOU CAN EXCHANGE IN PHASE #1 IF YOU CHOOSE TO.... THE RATE WILL BE INTERNATIONAL AT 1-1. IT WOULD BE YOUR CHOICE TO WAIT FOR A HIGHER RATE IF YOU WANT TO OR NOT. imo
KTFA:
GFulcher66: ?? to the KTFA fam. In F26's last 2 videos he taught about the 3 phases. In ph1 at 1-1, will we be able to exchange then, or do we need to wait for ph2 higher rate?
As long as we have waited at this point if able I would exchange 90% at 1-1 and hold 10% for the ph2 rate. Thank you for any clarification
Clare: YOU CAN EXCHANGE IN PHASE #1 IF YOU CHOOSE TO.... THE RATE WILL BE INTERNATIONAL AT 1-1. IT WOULD BE YOUR CHOICE TO WAIT FOR A HIGHER RATE IF YOU WANT TO OR NOT. imo
TNT:
Tishwash: Political agreement to pass the oil and gas law
The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement to pass the oil and gas law.
Al-Fatlawi said in a statement that "the political blocs are heading towards passing the oil and gas law after completing the laws of the Federal Supreme Court and the federal budget for 2021," pointing out that "the law may be presented inside the parliament during the next week."
He added that "the law is of great importance in solving the outstanding problems between Baghdad and Erbil and the oil-producing provinces," noting that "passing it will achieve justice in the distribution of wealth and the revival of poor areas."
He continued, "The law enjoys great political support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term." link
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Tishwash: An economist expects a representative decision related to the exchange rate that paves the way for market stability
The economic expert, Rasim Al-Aqidi, predicted, today, Thursday, the date of price stability in the Iraqi market, while noting that the news and statements issued by political forces prompted many traders and importers to consider import operations.
"The markets are affected by rumors, news and statements related to the exchange rate of the US dollar against the Iraqi dinar, especially since some of them are issued by influential political blocs demanding the return of the exchange rate to its previous position," said Rasim Al-Aqidi.
Al-Aqidi added, "The change of the dollar’s exchange rate by the state and subjecting it to speculation through supply and demand came in order to alleviate the problem of foreign currency exiting outside the borders due to the low exchange rate by purchasing goods that the country does not need, which leads to a reduction in imports, and this allows space. The largest for domestic products in marketing and consumption. "
He continued, "The news and statements issued by political forces prompted them to refrain from withdrawing the dollar and replacing it with the local currency. It also prompted many merchants and importers to wait and deliberate in import operations, awaiting the settlement of the budget deferred for months, which created a recession in the Iraqi market."
The economic expert stressed, "The approval of the budget by a representative decision will end the debate, and the markets will return to normal, and everyone will absorb the shock and the emerging conditions that will impose its decision on the markets." link
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Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 Question: [The Bank of International Settlements - the central bank of all central banks and it is a requirement by the BIS that they be notified within a certain amount of time (and that fluctuates) as to when a country is going to change their currency rate...Has the BIS been notified of the imminent rate change of Iraq?] In my opinion yes.
Jeff "The House of Representatives completes voting on the Federal Court Bill" They've had attempts to pass this Federal court Law for a very long time over many many years...It's part of the basket of suspended laws...it's also linked and timed with the rate change. It can only happen in close proximity to the rate change. Last week they finished 6 out of 10 parts...yesterday they finished the last 4 sections. At this time the Federal Court Bill has been completely passed and approved...that's huge progress...Iraq is now graduating back to the international world...
Footforward [I was under the impression that there would be two rates one domestic in Iraq and a different rate international?] there will not be two different rates. That's been misinformation for a long time. You can't have two different rates. It doesn't work like that. Where people get confused is...that they will exchange dinar for US dollars on a one-to-one basis in country. That's not a rate that's just a note exchange. And in country they can do whatever sort of exchange they want. That should not be mistaken for a rate.
Be Prepared -Silver $600 –Reality Check! Silver Short Squeeze and the $1,000 Target
Economic Predictions 2020: Mar 9, 2021
Does Basel 3 Explain the Gold Price Fall?
Mike Harris: Mar 11, 2021
This video considers the implications of the Basel 3 Accord and Net Stable Funding Ratio which requires a provable 1:1 ratio of physical gold.
The date for its introduction is the 28th June, does this go some way towards explaining the dramatic gold price fall we have seen recently?
News, Rumors and Opinions Thursday Morning 3-11-2021
.RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 11 March 2021
Compiled Thurs. 11 March 2021 12:01 am EST by Judy Byington
Judy Note: On Tues. 9 March our Military Intel Contact said that although for security reasons he could not be specific, he felt that Tier 4B notification was this week.
Bond payouts began on Mon. 8 March, while on Tues. 9 March all liquidity was released. From Wed. 10 March onward ZIM bond redemptions were being paid out and that would continue through Sun. 14 March.
On Wed. 10 March the Stimulus Bill was passed, which our Military Intel Contact said would provide cover for the Tiers exchanges/redemption.
RV Excerpts from the Restored Republic via a GCR: Update as of Thurs. 11 March 2021
Compiled Thurs. 11 March 2021 12:01 am EST by Judy Byington
Judy Note: On Tues. 9 March our Military Intel Contact said that although for security reasons he could not be specific, he felt that Tier 4B notification was this week.
Bond payouts began on Mon. 8 March, while on Tues. 9 March all liquidity was released. From Wed. 10 March onward ZIM bond redemptions were being paid out and that would continue through Sun. 14 March.
On Wed. 10 March the Stimulus Bill was passed, which our Military Intel Contact said would provide cover for the Tiers exchanges/redemption.
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.
What We Think We Know on Exchanges/ Redemption as of Thurs. 11 March:
Final rates were not yet locked in. The below were estimated amounts and could easily change:
Those who do not exchange/ redeem at official Redemption Centers would be awarded the lower default rates.
Zim default rate: $ .11 to $.33
Zim rates were negotiable if you had a humanitarian project (30 hundred Zim T Notes have been redeemed at $.94).
Dinar International rate: $3.71, Contract rate if you had no Zim and dedicated 30% to humanitarian: (114 million Dinar have been exchanged at $16)
Dong International rate: $0.47, Contract rate if you had no Zim and dedicated 30% to humanitarian: (1 billion Dong have been exchanged at $15)
International rates: Afghani $2.39, Rupiah $1.08, Rial $3.22
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.
Read full post here: https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_11.html
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Courtesy of Dinar Guru
Frank26 The meetings that we told you about between the FAB 4 before they raise the value...are really picking up the pace. It's really moving fast...in the last meeting Saturday they talked about the small category notes. They also talked about the Real Effective Exchange Rate...regarding the meeting about the new small category notes - that one is done. Regarding the meeting about the new exchange rate - that one is done...
Walkingstick [via Frank26] The HCL is being pushed dramatically right now. I mean it's being shoved. It's being pushed though and it's extremely important for us to understand the value of that because the HCL is going to allow the new exchange rate to come out...pushing the HCL is telling you and me as investors that they are very very close...
Footforward [I believe you said in the past it has to come out min at 3.50$ right?] that is my opinion yes.
Is The Stimulus Really "Showering Money On Americans & Sharply Cutting Poverty" Or...
Silver Report Uncut: Mar 11, 2021
The media has lost it with their reporting on the economy and this $1.9 trillion spending bill
The stimulus package includes $360 billion in relief for state, local, and territorial governments. That is almost 20% of the entire allocation of capital in this measure.
While $360 billion may sound small, the total cost of the stimulus checks would be $245 billion if we gave a $1,400 stimulus check to each of the 175 million who make less than $75,000 a year.
Add in $300 unemployment insurance per week for the 10 million Americans who are out of work and you could fund the $3 billion of unemployment insurance for almost 10 months before you had given more money to the people, rather than to local and state governments.
So overall there is less money going to the regular people are more money flowing to state and local governments. It's crazy they always describe stimulus as a positive and never discuss the drawbacks of insane sovereign debt.
LIVESTREAM: SILVER CRISIS WEEK - JIM WILLIE & Jean-Claude@BeyondMystic
March 5, 2021
Intel and opinions start at about minute 5:00….News about the Fed, Silver and more………
My first impression with the Federal Reserve outage is they did an important stage with the reset and it got sabotaged by the banker cabal…….as time passed…..I got more perspectives from others who say this might have been the good guys instead…..trapping some cabal members….
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.
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?
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.
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.
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 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
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
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?
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?