More News, Rumors and Opinions Tuesday Evening 7-4-2023
KTFA
Paulette: IMO..... it looks like the weekend of 7/14-7/16 will be a Holiday weekend with the New Year on 7/18. Shabs said ".....after Eid, before the New Year....." Perhaps the next target since they missed 7/1....
DoTalkToMe: Does anyone recall what happened on January 23, 2023? The governor of Iraq's CBI was fired. The excuse we were given was that he was not moving fast enough.Seriously, that's what we were told. He must have been a fall guy for something else. That was a half a year ago. Surely he could not have been fired for acting to slowly. If that was the standard. Everyone in iraqs government has surpassed that standard. Without exception Kuwait was able to do it with pencils and crayons.
KTFA
Paulette: IMO..... it looks like the weekend of 7/14-7/16 will be a Holiday weekend with the New Year on 7/18. Shabs said ".....after Eid, before the New Year....." Perhaps the next target since they missed 7/1....
DoTalkToMe: Does anyone recall what happened on January 23, 2023? The governor of Iraq's CBI was fired. The excuse we were given was that he was not moving fast enough.Seriously, that's what we were told. He must have been a fall guy for something else. That was a half a year ago. Surely he could not have been fired for acting to slowly. If that was the standard. Everyone in iraqs government has surpassed that standard. Without exception Kuwait was able to do it with pencils and crayons.
DoTalkToMe Cont……Please tell me again how governments care about there people... For whatever reason that message is just not getting through. I think there is more afoot than were being told! I mean it in a negative context on a global scale. I am not referring to the dinky country of Iraq
Suzie: Just my own opinion, but it's hard to understand how we can go from all the hoopla of WTO, countries pouring in to do business, contracts being signed, budget done and agreed on, AND signed by the President, entered into the Gazette as law, and I'm leaving out other things I'm sure, and fairly well assured after EID monetary change would come QUICKLY, and now they have "issues" of articles in the budget they, or someone, doesn't like and here we go again! I know I don't have any answers but one thing's for sure to me is this just all sounds "fishy" to me how this is going, well, again just MY opinion and all I know is here come the "excuses" of "why"....... HAPPY 4th all!!
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Clare: Al-Nusairi: Iraq's accession to the World Trade Organization contributes to the development of the financial and banking system
7/04/2023 Baghdad
Samir Al-Nusairi, advisor to the Association of Iraqi Private Banks, confirmed during his participation in the workshop on the strategy of joining the World Trade Organization, which was set up by the Association in partnership and cooperation with the Ministry of Trade and trade unions, federations and private sector organizations.
Al-Nusairi said that one of the most important returns and benefits achieved by the financial and banking system in Iraq from Iraq's accession as a full member of the World Trade Organization is regularity in the global financial system in accordance with the criteria for liberalizing financial services, entering the circle of financial globalization and exchanging experiences with member states in the field of electronic technologies. Modern banking, financing and development of micro, small and medium enterprises.
Al-Nusairi referred to the new transitional phase for the banking sector, in accordance with the government's approach. In particular, paragraph 7 of Article 12, which emphasizes the empowerment, development and reform of banks in order to contribute to investment and development in accordance with the plans and adoptions of the Central Bank,
Which it works to include in its next strategy, which adopts a national strategy for lending, the establishment of a Riyada Bank for social development, support for young entrepreneurs and low-income segments, the establishment of a financial and business center and the establishment of Loan guarantee company, control of the safety of foreign trade, access to foreign transfers in foreign currency to the real beneficiary, and compliance with the standards of the global financial system. LINK
Eaburns: Clare Clare Clare Have i missed something here, did they just say they are a full member of the WTO .
Clare: IMO YES...THAT'S WHAT HE MEANS! "from Iraq's accession as a full member"
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Courtesy of Dinar Guru
Frank26 The budget is not officially open to the world just yet...Sudani is working on the inners, is working on the exchange rate...the program rate is not enough gas in the tank to get the $63 trillion worth of projects done. Absolutely not. There's just no way possible.
Militia Man The budget is an investment budget and they have not exposed it yet. They've voted on it on the 12th last month, 21st went into the gazette and they still have not opened it...Vital project of getting their money and disbursements is what we're waiting for. What we're hoping and expecting to see is a change in the exchange rate will be applied to their budget which we believe there's a clause in the budget that allows for adjustments to the budget whenever necessary...
Investors Gaining Independence w/ Physical Silver | Andy Schectman
Liberty and Finance:
While the U.S. is celebrating Independence Day, there's another sort of independence many wealthy investors have been quietly striving for.
Andy Schectman, CEO & president of Miles Franklin points out there have been massive deliveries of precious metals off the COMEX and LBMA exchanges.
He says the most sophisticated investors are leaving the system now by taking delivery of metals.
INTERVIEW TIMELINE:
0:00 Intro
2:19 "Independent" assets
19:40 Dedollarization
News, Rumors and Opinions Saturday Morning 7-1-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 1 July 2023
Compiled Sat. 1 July 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, handed over all their assets.
On Sat. 1 July International Financial Markets will transform into a new digital asset based economy. The new Quantum Financial System would be completely interfaced in computers around the World in order to coordinate currency transactions through the International Payment System ISO 20022. Implementation of the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate in the Iraqi Budget will happen after the EID holiday ends on Sat. 1 July. As with other countries’ currencies, the fiat US Dollar transfers into the new gold/asset-backed US Note also on Sat. 1 July.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 1 July 2023
Compiled Sat. 1 July 12:01 am EST by Judy Byington
Global Currency Revaluation:
On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, handed over all their assets.
On Sat. 1 July International Financial Markets will transform into a new digital asset based economy. The new Quantum Financial System would be completely interfaced in computers around the World in order to coordinate currency transactions through the International Payment System ISO 20022. Implementation of the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate in the Iraqi Budget will happen after the EID holiday ends on Sat. 1 July. As with other countries’ currencies, the fiat US Dollar transfers into the new gold/asset-backed US Note also on Sat. 1 July.
On Sun. 2 July about 5 pm EST the International markets and Forex open and Iraq’s new Dinar Rate becomes public.
On Mon. 3 July The US economy was set to implode when SOFR, Libor and many nations are planning on dumping their US Treasuries.
On Tues. 4 July the Quantum Financial System will be fully integrated worldwide. Tier4b (us, the Internet Group) was expected to be notified over the weekend and obtain appointments starting Tues. 4 July according to Bruce.
Wed. 5 July was the first day Tier 4b (us, the Internet Group) would go in for exchanges.
Banks Brewing for July 1 GCR: https://rumble.com/v2wtrup-rv-gcr-news-somethings-brewing-for-the-1st-of-july.html
Benjamin Fulford:
Financial Giants Teeter on the Brink of Collapse! BlackRock, Vanguard, JP Morgan Chase on the Verge of Bankruptcy! Unveiling the shocking truth behind the manipulated financial reports, the imminent collapse of industry giants like BlackRock sends shockwaves through the global economy. As their shares plummet and earnings dwindle, the crumbling facade becomes undeniable. Brace for the implosion of a financial empire that will rock the very foundations of Wall Street!
Read full post here: https://dinarchronicles.com/2023/07/01/restored-republic-via-a-gcr-update-as-of-july-1-2023/
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Courtesy of Dinar Guru
Walkingstick This ATFX is just another vehicle for the new IQD...new exchange rate, lower denoms, to leave its borders and to gain value. This is not big. This is immensely huge.
Militia Man Article "British report: Iraq's economic growth has led to a dramatic improvement in the reality of cities" Those that seem to think Iraq is not going places has another thing coming. They are about to show case themselves to the world even more now than ever before. This article shows that the world is watching and acting on their assessment of Iraq's new found security and stability...The 2023-2024-2025 budget will jump start the next three years like we have never seen before. Again, those that seem to say this is a nothing burger are highly misguided and uneducated in the on goings with Iraq and the world's relationship with Iraq going forward.
LIVE! Consumer Spending Hits A Wall. Fed. DELIBERATELY KILLING SMALL BUSINESS. Be Ready For Anything
Greg Mannarino: 6-30-2023
SILVER ALERT! JP Morgan Tests "Same Day" COMEX Silver Delivery! Preparing for JULY RAID?
(Bix Weir) 6-30-2023
In a very, very strange move JP Morgan bought and took delivery of 33 Silver contacts on the last day of trading for the month of June...WHY? Are they testing the "Same Day Delivery" mechanism that is the right of any trader on the COMEX?
This could be a sign of a HUGE SNEAK ATTACK by the King of Silver Market Manipulation and a way to BLAME SOMEONE ELSE for the Silver Price Explosion!!
Why We Could Easily See $5,000+ Gold
Why We Could Easily See $5,000+ Gold
Notes From the Field By Simon Black Sovereign Man June 28, 2023
On the 18th of September, in the year 324 AD, 52-year old Constantine the Great finally won the victory that he had been fighting for two decades to achieve: sole control of the Roman Empire.
At that point the Roman Empire had suffered more than a century of extreme turmoil– recession, inflation, invasion, humiliation, and endless civil wars, just to name a few of its challenges.
Why We Could Easily See $5,000+ Gold
Notes From the Field By Simon Black Sovereign Man June 28, 2023
On the 18th of September, in the year 324 AD, 52-year old Constantine the Great finally won the victory that he had been fighting for two decades to achieve: sole control of the Roman Empire.
At that point the Roman Empire had suffered more than a century of extreme turmoil– recession, inflation, invasion, humiliation, and endless civil wars, just to name a few of its challenges.
But after finally vanquishing his remaining political opponents, Constantine was ready to turn the page and institute some much needed reforms. And one of his first orders of business was to restore much-needed confidence in the currency.
Previous emperors had heavily debased Rome’s coinage to almost hilarious levels; the silver content in the denarius coin, for example, had been reduced 98% purity, all the way down to just 5% purity.
Nobody trusted Roman currency anymore. So in order to restore confidence, Constantine turned to gold.
The solidus gold coin had been originally introduced by one of his more notorious predecessors– Diocletian– in the early 300s. But the coin wasn’t really widely used.
Constantine chose the solidus as the gold standard for Roman currency, and he minted large quantities of it for circulation across the empire. More importantly, he standardized the coin at a fixed weight and high level of purity… and this standard remained untouched for centuries.
The value of the solidus was so stable, in fact, that it eventually became used for trade and commerce across the world– from the Mediterranean to the Silk Road.
By the 500s AD, the wide acceptance of the solidus became a source of pride for the Empire, leading one emperor to comment that the solidus was “accepted everywhere from end to end of the earth”, and that the coin was “admired by all men in all kingdoms, because no kingdom has a currency that can be compared to it.”
And he was right. Only the solidus was as widely accepted for international trade… sort of like the US dollar’s status today.
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The solidus certainly had a great run; its dominance lasted for centuries. But ultimately, as the Roman Empire (then known as the Byzantine Empire) decayed, emperors once again began to debase the solidus.
Over a period of about three decades in the mid 11th century, the solidus lost roughly two-thirds of its value. This was a time in history when there were other rising powers in Europe. And these foreign kingdoms started thinking about alternatives.
Soon wealthy Italian city-states like Venice and Florence began minting their own coins– the ducat and florin. And as these coins quickly gained acceptance for international trade, the Roman solidus was displaced forever.
I’ve consistently argued that the US dollar would likely suffer the same fate as the solidus ever since I started Sovereign Man.
As far back as 2012, for example, I wrote:
History’s lesson is quite simple — when the issuing authority of the world’s reserve currency engages in wanton debasement, the market seeks an alternative. This time is not different, and the dollar will suffer the same fate.
This will likely happen gradually rather than suddenly; over time, the US government will no longer be able to export the most deleterious effects of its monetary policy to destitute people in developing countries. The negative consequences will remain in the US, once and for all.
The sensible course of action is to plan for this trend by trading out paper currency for real assets like precious metals and productive land that will hold their value over time.
11 years ago when I wrote that passage, the idea of the dollar losing its reserve status was controversial. In fact, most of what I wrote back then was considered highly controversial; I said that Social Security was in serious trouble, that the US government would eventually be unable to pay its debts, and that America was in serious decline.
Today these ideas are no longer controversial. And the proof is in the news headlines on an almost daily basis.
In particular, the dollar’s potential loss as the dominant global reserve currency is now a mainstream idea that is being openly discussed around the world.
(Naturally the Federal Reserve and US Treasury Department are completely ignoring the risk altogether.)
So what does the future hold? Does loss of reserve status mean that the US dollar will simply vanish?
No, of course not. And at this point I don’t necessarily that the Chinese yuan will become THE dominant reserve currency.
China is obviously a major player in global trade and one of the largest economies in the world. They’re big. They’re powerful. And at this point, they’re able to force many of their trading partners to start using yuan for trade.
Think about it like this: Australia currently exports around $150 billion each year to China. And right now, most of that trade takes place in US dollars… because the US dollar is STILL the world’s primary reserve currency.
This means that the central banks in both China and Australia have to stockpile large amounts of US dollars in order to facilitate this trade. And this is an ENORMOUS benefit for the US economy; the rest of the world is essentially forced to invest in America.
But what if China demands that all trade with Australia now be denominated in yuan, instead of dollars. Australia certainly wouldn’t want to alienate its biggest trading partner, so they might happily agree.
What does this mean in practice? Australia makes its exports to China. Instead of receiving $150 billion US dollars, they receive $150 billion worth of Chinese yuan.
What does Australia do with all that yuan? Well, there aren’t too many options. China has a very closed economy with highly regimented capital controls. You can’t freely move money in and out of China.
Now, Australia does import around $70 billion from China each year. So the easiest option is to pay for those Chinese imports using their new pile of yuan.
But that still leaves around $80 billion worth of yuan left over. And again, since it’s so difficult to invest that money in China, Australia will need to figure out something to do with it.
One solution is that Australia’s central bank could exchange its excess yuan for gold. Gold is a traditional asset that central banks around the world have always held. They can use it to settle debts and trade accounts, or simply keep it as a reserve.
So what does this mean for the gold price? Well, the math is fairly simple. China’s global trade surplus in 2022 was nearly $900 billion.
As China continues to push its trading partners to accept yuan, if even 20% of that trade surplus ends up being exchanged for gold, we could easily see a $5,000 gold price given gold’s current supply and demand fundamentals.
I’ll discuss this much more in future letters, but if you’re thinking about ways to hedge the risk of the US dollar losing some of its dominance as the world’s reserve currency, gold is a good place to start.
PS: If you can see what is happening, and where this is all going, you understand why it is so important to have a Plan B. That’s why we published our 31-page, fully updated Perfect Plan B Guide, which you can download here. Grab Your Free Download:SOVEREIGN MAN'S PERFECT PLAN B GUIDE
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https://www.sovereignman.com/trends/why-we-could-easily-see-5000-gold-147743/
Economist's Thought's on BRICS and De-Dollarization 6-25-2023
Is Gold the Future of BRICS' New Currency? Find Out Now!
Geopolitical Trends with Dr. David Oualaalou: 6-25-2023
Following the conclusion of the BRICS ministerial summit in Cape town, South Africa where Senior officials from more than a dozen countries, including Saudi Arabia and Iran, were in talks on forging closer links with the BRICS bloc.
The latter is positioning itself as a counterweight to the West both economically and financially as many are fed up with the US weaponizing the dollar.
In this regard, China has made clear its discontent with the role of the US $ in the international economy and its intention to internationalize the RMB as an alternative international currency.
If the US continues to weaponize its dollar hegemony, this is only bound to accelerate the decline of the dollar.
The US would be best served by refraining from using economic statecraft to pressure countries to adhere to its wishes.
Is Gold the Future of BRICS' New Currency? Find Out Now!
Geopolitical Trends with Dr. David Oualaalou: 6-25-2023
Following the conclusion of the BRICS ministerial summit in Cape town, South Africa where Senior officials from more than a dozen countries, including Saudi Arabia and Iran, were in talks on forging closer links with the BRICS bloc.
The latter is positioning itself as a counterweight to the West both economically and financially as many are fed up with the US weaponizing the dollar.
In this regard, China has made clear its discontent with the role of the US $ in the international economy and its intention to internationalize the RMB as an alternative international currency.
If the US continues to weaponize its dollar hegemony, this is only bound to accelerate the decline of the dollar.
The US would be best served by refraining from using economic statecraft to pressure countries to adhere to its wishes.
De-Dollarization Is Driving The End Of U.S. Dominance
Sean Foo: 6-25-2023
As de-dollarization continues, Jerome Powell is denying the dollar's role in keeping the US economy dominant.
This is a disaster for the reserve currency's future as it shows nothing will change, the dollar will still be mismanaged and weaponized.
Here's why if the dollar falls, the US economy's world dominance will also topple.
Timestamps & Chapters:
0:00 America's Big Mistake
2:46 Dollar Weaponization
5:07 US Economy Is A House Of Cards
7:31 America Needs The Dollar
10:40 The Dollar's Eventual Demise
13:32 Can America Reverse Course?
EPIC CLASH: Silver and Gold in the BRICS Monetary Revolution!
Ron’s Basement: 6-25-2023
Brace yourself for a monumental moment in the precious metal sector as we delve into the buzz surrounding this summer's highly anticipated BRICS summit.
Speculation is rife that the summit could mark a turning point, igniting the largest monetary revolution witnessed in the last 50 years.
Eastern countries, including powerhouse nations like Russia, China, and India, are openly discussing the launch of a new reserve currency, backed by none other than gold.
In this captivating video, we explore the fascinating implications of this potential development and the immense impact it could have on the silver price and gold price.
Prepare for a thrilling ride as we navigate the exciting possibilities that lie ahead in the coming years. Stay tuned to uncover the secrets of the precious metal market amidst this captivating BRICS summit saga!
Don't miss out on this game-changing information that could redefine the future of silver and gold.
News, Rumors and Opinions Saturday Morning 6-24-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 24 June 2023
Compiled Sat. 24 June 12:01 am EST by Judy Byington
Global Currency Revaluation:
The official new International Dinar Rate is $3.81.
Fri. 23 June Wolverine: “We inform all the people involved in the Redemption that we are entering Radio Silence from 6:00 pm Fri. 23 June until 6:00 pm Tues. 27 June, there will be no communication of any kind regarding payment among the participants or comments on this matter with anyone.”
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 24 June 2023
Compiled Sat. 24 June 12:01 am EST by Judy Byington
Global Currency Revaluation:
The official new International Dinar Rate is $3.81.
Fri. 23 June Wolverine: “We inform all the people involved in the Redemption that we are entering Radio Silence from 6:00 pm Fri. 23 June until 6:00 pm Tues. 27 June, there will be no communication of any kind regarding payment among the participants or comments on this matter with anyone.”
Fri. 23 June Goldilocks: It has come to my attention that Protocol 20 codes are currently being integrated into the QFS. These codes deal with currency protocols allowing digital assets to move through the system.
By Fri. 16 June the Admiral had released the codes to the Quantum Financial System and algorithms downloaded Dubi One and Dubi Two funds.
On Sat. 17 June Sat. 17 a CBI contact said that the IMF, World Bank and US Treasury had given the “green light” to reinstate the currency.
On Sun. 18 June the UST had completed sending protocols to the Forex and a major Bond Trader reported that Tiers 2 and 3 had started. The GESARA Talk Show: Major Bond Trader Reports Tiers 2 and 3 Started | Dinar Chronicles
On Wed. 21 June the Iraqi President signed the Budget with the new Dinar Rate in it, making it official. Revaluation of the Iraqi Dinar was considered the Kingpin of the Global Currency Reset. The only thing Tier4b (us, the Internet Group) has left to do is wait.
It was rumored that the US Federal Reserve and US Treasury were on notice that if they could not pay the Global Repository back the quadrillions owed, they would be handing over all assets, including property and business assets on June 30 2023.
Restored Republic:
It was rumored that US Inc, IMF, UN, World Bank, World Economic Forum and Central Banks around the World were now bankrupt defunct corporations without any Sovereignty.
The IRS and Federal Reserve have been shut down, while the bankrupt US Treasury has been transferred to the new US Treasury funded by gold of the Restored Republic and resides on an Indian Reservation near Reno Nevada.
Must Watch Videos:
Wed. 21 June NESARA/GESARA: Dr. Scott Young: New Huge NESARA/GESARA Intel and Q&A – It’s Coming, Folks!! (Video) | Alternative | Before It’s News (beforeitsnews.com)
Read full post here: https://dinarchronicles.com/2023/06/24/restored-republic-via-a-gcr-update-as-of-june-24-2023/
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Courtesy of Dinar Guru
Militia Man A market economy/private sector is not going to be at an exchange rate of 1310. It's just not going to work...1310 is not going to get them international. We all know that. Do the math on the budget. It's just not going to happen. So thinking it's going to go until 2024 or 2025...? Hearing it on the streets doesn't make it right...This is real. It's not a joke. They're not telling us that we're going to 2024/25...
Bruce [via WiserNow] There's a new rate coming out, which might have actually come out today. It's a new higher rate of Iraqi dinar and is supposed to be published in the gazette...Now they can do a printed version any day. It doesn't have to be on Saturday. But I believe come out Saturday, maybe Sunday...We know that the new dinar rate is coming out and Iraq will actually start trading this on the Forex Sunday...Afternoon - ...everything else that we know is done. Budget, oil and gas law, everything that they needed to do. Their ATMs are all fired up and working with their lower denominations...
Iraq budget will publish sometime this week
Nader: 6-24-2023
COMEX Adds 5 Million Silver Ounces To Registered As July Deliveries Loom
Arcadia Economics: 6-23-2023
One of the key trends in the silver market over the past year has been the steady drain of silver from the COMEX's registered inventory. Which has gone from 150 million ounces during the silver squeeze weekend in February of 2021, down to 27 million ounces as of last week.
However there was a big addition of 5 million ounces out of eligible into registered yesterday, which brings the registered category up to 32 million ounces ahead of the July delivery cycle.
The July deliveries begin late next week, and it's possible that this silver is being added into registered to be prepared for delivery against July contracts, or also possibly some of the June contracts that remain open and have not been delivered on yet.
News, Rumors and Opinions Tuesday PM 6-20-2023
KTFA:
Clare: Iraq Pays The Sums Of Its Membership In The World Trade Organization
6/19/2023
The Minister of Commerce, Atheer Daoud Al-Ghurairy, announced today, Monday, the completion of technical and logistical procedures to pay the sums owed by Iraq to the World Trade Organization (WTO).
And the ministry stated in a statement, quoting the media office, which was received by Earth News, that “the Department of Foreign Economic Relations, in coordination with the administrative and financial department in the ministry, and with exceptional efforts, was able to complete all procedures related to paying the sums owed by Iraq in favor of the organization, for its membership in it as an observer, since the contribution has It accumulated for previous years as a result of the delay in approving the general budget for Iraq, in addition to reducing its percentage due to the austerity measures adopted since 2018.
KTFA:
Clare: Iraq Pays The Sums Of Its Membership In The World Trade Organization
6/19/2023
The Minister of Commerce, Atheer Daoud Al-Ghurairy, announced today, Monday, the completion of technical and logistical procedures to pay the sums owed by Iraq to the World Trade Organization (WTO).
And the ministry stated in a statement, quoting the media office, which was received by Earth News, that “the Department of Foreign Economic Relations, in coordination with the administrative and financial department in the ministry, and with exceptional efforts, was able to complete all procedures related to paying the sums owed by Iraq in favor of the organization, for its membership in it as an observer, since the contribution has It accumulated for previous years as a result of the delay in approving the general budget for Iraq, in addition to reducing its percentage due to the austerity measures adopted since 2018.
The statement added, "The Minister of Commerce and Chairman of the National Committee on Iraq's accession to the organization had issued directives to give the issue the utmost importance."
The Director General of the Department of Relations in the Ministry, Riyad Al-Hashemi, stressed that “addressing the concerned authorities about the necessity of resolving the file and implementing the recommendations of the Diwani Order Committee No. 6 of 2022 regarding financial contributions to international and regional organizations, in addition to the fact that this issue is consistent with the paragraphs of the government curriculum, which gave importance to cooperation with international organizations.” Especially for its widespread impact on the global economy.”
He pointed out that "his department gave the WTO file a special importance within its plan prepared for the coming period, which supervises the implementation of the part related to it by the WTO department by coordinating the efforts of all government sectors to serve the interest of Iraq and its position." LINK
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Clare: The Deputy Prime Minister confirms to Shafaq News that Kurdistan's dues will be guaranteed in the budget
6/20/2023
The Iraqi Deputy Prime Minister, Fouad Hussein confirmed, on Tuesday, that the general budget law guarantees the salaries and dues of the Kurdistan Region, indicating the commitment of all parties to implement the articles and paragraphs of the law.
Hussein told Shafaq News agency, "I was following the developments and discussions that took place on the general budget law," explaining that "after the parliament voted on the budget law, we are now waiting for the President of the Republic to ratify the law in order for the law to become effective."
Hussein added, "Differences sometimes exist, but the way to resolve these differences is dialogue," noting that "there is an intense dialogue."
Hussein said, "The budget law confirms sending the salaries and dues of the Kurdistan Region," stressing that "there is a commitment from all parties to implement the articles and paragraphs of the law."
And the Iraqi parliament voted, on June 12, on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.
The value of the current year budget is 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit of 63 trillion dinars (48.3 billion dollars), while the items of the 2023 and 2024 budgets have not been published.
Iraqi Prime Minister Muhammad Shia' al-Sudani said that his government will review the parliamentary amendments that were made to it and the extent of their conformity with the government's goals. LINK
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Courtesy of Dinar Guru
Militia Man There are issuance of currencies/ denominations coming and they're not triple zero notes...The triple zero notes [that exist today] are going to stick around for about 10 years. Those of you that think they're going to LOP...the zeros off the currency...the Central Bank of Iraq, IMF, World Bank, The Bank of International Settlements ...disagree with you because they say specifically...we'll use it to facilitate large banking transactions for 10 years.
Walkingstick [via Frank26] The IMF keeps saying, 'You have currency inflation'. The way to combat currency inflation is by raising the value of their exchange rate. It is the economic conditions in Iraq that determine the exchange rate. Do you think the exchange rate should be a program rate right now based on that budget? No. That's why there are multiple exchange rates that were calculated due to the nature of their speed and currency inflation that they have now. Their inflation must not get out of hand...
Silver Drained From Exchanges | David Morgan
Liberty and Finance: 6-20-2023
The Fed pause was a “trial balloon,” says David Morgan, founder of The Morgan Report. He expects the Fed to continue to hike rates, because higher interest rates make the U.S. dollar desirable as a reserve currency.
Regardless of where the Fed sets rates, he expects metals to move higher. COMEX registered inventory of silver is less than 30 million ounces. “The physical market on the COMEX is being drained," he says.
INTERVIEW TIMELINE:
0:00 Intro
1:44 Fed pause
9:54 Silver exchanges
13:53 Metals forecast
16:50 Silver & freedom
ALERT! Derivatives GONE WILD! Silver Leases Expire & Derivative Gold Pops! Riggers PANIC!
(Bix Weir) 6-19-2023
The OCC Report on Q1 Precious Metal Derivatives has EXPLODED HIGHER with $90M in added derivatives by the Top 3 Riggers: JP Morgan, BofA & Citibank. It's all in the data!
But what the data is hiding could be the most important factor for Silver in DECADES...
I think that the price suppression for Silver using derivative Silver shorts is FALLING RAPIDLY and being hidden by new gold derivatives.
IF THIS IS THE CASE THEN THE END GAME FOR SILVER PRICE SUPPRESSION IS CLOSE AT HAND!
Nader, MilitiaMan and More Sunday AM 6-18-2023
US Government Sued for Allegedly Seizing $100,000,000 in Cash, Gold and Jewelry From Citizens Without Explanation
The US government won’t specify why it abruptly seized more than $100 million from people’s safety deposit boxes in California, according to a new lawsuit.
The nonprofit Institute for Justice says it’s seeking to halt forfeiture proceedings for a group of citizens who’ve had their assets confiscated by the FBI with little to no explanation.
The case is centered on a Los Angeles-based couple who says the FBI abruptly seized $40,200 of their life savings from a safety deposit box.
Linda and Reggie Martin want to know why the FBI took their cash, along with the contents of hundreds of other people’s safety deposit boxes, from a financial storage company in Beverly Hills in March of 2021.
US Government Sued for Allegedly Seizing $100,000,000 in Cash, Gold and Jewelry From Citizens Without Explanation
The US government won’t specify why it abruptly seized more than $100 million from people’s safety deposit boxes in California, according to a new lawsuit.
The nonprofit Institute for Justice says it’s seeking to halt forfeiture proceedings for a group of citizens who’ve had their assets confiscated by the FBI with little to no explanation.
The case is centered on a Los Angeles-based couple who says the FBI abruptly seized $40,200 of their life savings from a safety deposit box.
Linda and Reggie Martin want to know why the FBI took their cash, along with the contents of hundreds of other people’s safety deposit boxes, from a financial storage company in Beverly Hills in March of 2021.
The couple says the agency seized their money without providing any evidence of illegal activity.
Attorney Bob Belden says the FBI’s move is plainly immoral and violates the Martins’ rights as American citizens.
“The government shouldn’t get to take your property if it can’t tell you what you did wrong.
Using civil forfeiture, the government decides for itself whether to take and try to keep property, even when it doesn’t suspect the owners of any crime. Then, the FBI sends copy-and-paste forfeiture notices that fail to tell owners anything about why it is trying to take their property. That’s not only wrong; it’s unconstitutional.”
In total, the FBI’s operation seized more than $100 million in cash, gold, jewelry and other valuables from hundreds of people at the Beverly Hills location, according to the Institute for Justice.
The agency sent blanket notices that “indirectly refer to hundreds of federal crimes”, but the government refuses to say what the couple specifically did wrong.
The new lawsuit, filed in the U.S. District Court for the District of Columbia, asks the court to halt administrative proceedings for everyone who has received one of the FBI’s forfeiture notices.
To date, Linda says she and her husband have not been charged with a crime, and there is no indication that they will ever see their money again.
“The FBI took my savings nearly two years ago but has never told me why. It’s been a confusing and frustrating process from the day my money was taken. No one should have to go through this.”
Institute for Justice senior attorney Rob Frommer says civil and criminal forfeiture is a big money maker for federal law enforcement.
“Thousands of times every year, people receive paltry notices that merely say the government wants to forfeit their property because it might be wrapped up in one of hundreds of federal crimes.
Linda’s plight highlights the ugly truth that federal forfeiture incentivizes agents to seize as much as they can, even absent any reason to think that a crime was committed. The FBI’s ‘policing for profit’ deliberately leaves property owners in the dark in order to keep them from fighting back.”
According to the Institute, a federal judge has stated that a separate client involved in the same safety deposit seizure operation received an “anemic” forfeiture notice, and the FBI violated due process and the Fifth Amendment.
Source: The Daily Hodl
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Courtesy of Dinar Guru
Mnt Goat If the CBI was successful in regulating the use of the dollar in Iraq and now the conversion solely to Iraqi dinars as their national currency, then the redenomination to the lower denominations this could go quickly. Of course, there is lots going on here and there will probably be some hiccups as they may expose more corruption in the banks or black marketeers as usual. Anything can happen but there is no turning back now on the process.
Militia Man Article: "IRAQ DINAR: With the document.. the budget law reaches the Presidency of the Republic for approval" The completion phase is effectively done and now the implementation and distribution phase is to be upon us! I hope everyone realizes we have never been here before with a budget like this. All of those that have been in this investment should know the implications of this are huge. An investment oriented 3 year budget sets this stage for the likes of J.P. Morgan to facilitate foreign trade. We dinar holders are a part of this.
This is good most watch
Nader: 6-18-2023
Any buddy know this guy??
The Banking System Will Collapse , Gold & Silver Will Crash? | Andy Schectman Gold & Silver Analysis
Intelligent investors: 6-18-2023
News, Rumors and Opinions Friday AM 6-16-2023
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 16 June 2023
Compiled Fri. 16 June 12:01 am EST by Judy Byington,
Global Currency Revaluation:
Around 9 am EST Thurs. 15 June the rescue of Financial Instruments began.
The launch of the global fund took place in all parts of the world, marking the start of the global asset redemption program registered with Redemption.
This is great news for all recipients. Tens of thousands of transactions around the world can start paying out.
T1 to start by 14.06 hours.
T2 to start after the start of T1 (Approx. 19.06-23)
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 16 June 2023
Compiled Fri. 16 June 12:01 am EST by Judy Byington,
Global Currency Revaluation:
Around 9 am EST Thurs. 15 June the rescue of Financial Instruments began.
The launch of the global fund took place in all parts of the world, marking the start of the global asset redemption program registered with Redemption.
This is great news for all recipients. Tens of thousands of transactions around the world can start paying out.
T1 to start by 14.06 hours.
T2 to start after the start of T1 (Approx. 19.06-23)
The 100 highest priority files will start at about the same time as T1.
Mega files are included in these 100 priority files.
If they respect what they said, there will be money in Zurich Thurs. afternoon 15 June.
Sheila put out word that nothing would happen on Fri. 15 June, but Tier 4b would go on Mon. 19 June. On that same Mon. 19 June, the US will observe the federal holiday Juneteenth to commemorate the end of slavery,
Thurs. 15 June MarkZ: My bankers at redemption centers believe they will be working this weekend. Bond folks still have not gotten paid yet. They are on an hour to hour watch.
The US, Canada, Europe, Japan, Israel, UK, Taiwan, Australia and New Zealand were teetering on the brink of in-solvency.
On Thurs. 1 June at 8:00 EST the Quantum Financial System’s Fed ISO 20022 activated – a universal language for global financial networks to communicate with each other. The 209 major countries now had their new gold/asset-backed currencies live on the Quantum Financial System.
The first part of July the new Quantum Financial System will be completely interfaced in computers around the World that would be coordinating currency transactions through the International Payment System ISO 20022.
In Mid August Jim Rickards said BRICS is releasing their new commodity backed International currency. This is the death of the Petrodollar.
Read full post here: https://dinarchronicles.com/2023/06/16/restored-republic-via-a-gcr-update-as-of-june-16-2023/
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Courtesy of Dinar Guru
Militia Man Investors do not want to come into Iraq at an official rate of 1310, to not have the freedom of capital movement. They [GOI an CBI] have been able to create that environment so when they have the process to change the exchange rate it's ready to go in a moment's notice...They don't say what day/what moment but they do tell us they have a specified time frame and that time is of the essences...
Walkingstick [via Frank26] Everything we are seeing in the budget being shown to the citizens of Iraq...is an impossibility without a new exchange rate to match the reforms. 1300 was simply to carry it over into a new budget.
Dinar RV Breaking News-Qatar Invested 5 Billion Dollars in Iraq Foreign Investment Boosting Economy
Intelli-nvest: 6-15-2023
"The Qatar News Agency quoted the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, today, Thursday (June 15, 2023), as saying that his country intends to invest five billion dollars in a number of sectors in Iraq in the coming years.
The Qatari emir arrived in Baghdad on an official visit, during which memorandums of understanding were signed to enhance cooperation in energy and investment projects. In addition, a number of agreements have been concluded with the Qatari private sector in the fields of energy, electricity, and hotel and hospital management.
The statement said that the talks also included discussing initiatives to strengthen economic relations in the region, including supporting the development of the interconnection of the electricity network in the Gulf and linking it to the southern Iraqi network." (Source: https://www.shafaq.com/)
00:00 Introduction
00:30 Disclaimer & Giveaway
01:20 Main Article
Dave Kranzler: Why Gold & Silver Are Going To Be Just Fine
Arcadia Economics: 6-15-2023
While Jerome Powell and the governors at the Federal Reserve assert that the economy is strong and well, the signs that this isn't the case continue to emerge in the economic data.
And in today's episode of the show, Dave Kranzler looks at the evidence supporting what Wall Street seems reluctant to mention. He goes through some of the latest economic data that contrasts the message being given by the Fed, and explains why investors would be well served to be aware that the economic conditions are not quite as good as we're being told.
Which is the primary reason why despite the Fed's series of interest rate hikes, he feels that it's almost a guarantee that more money printing is on the way. Dave looks at the way the stock market and the precious metals stocks have responded in the time since the Fed began its quantitative easing policies, and what we might be able to expect going forward.
And he also explains some of the constraints facing the Federal Government that are going to force these conditions to manifest. So to find out why gold and silver are going to be just fine going forward, click to watch this video now!
"Silver News" From Bix Weir and Andy Schectman 6-13-2023
ALERT! Physical Silver Disappearing from Warehouses as Mines Shut Down! END GAME is NOW!!
(Bix Weir) 6-13-2023
Physical silver is being emptied out of every warehouse around the world. The 2nd largest Silver mine just went offline in Mexico.
Demand for solar power & electric cars has NEVER been stronger.
The fed is running the printing press at TOP SPEED!
Do you really need more data to conclude that Silver priced at 1/2 of it's 1980 high is MASSIVELY UNDERVALUED?!
ALERT! Physical Silver Disappearing from Warehouses as Mines Shut Down! END GAME is NOW!!
(Bix Weir) 6-13-2023
Physical silver is being emptied out of every warehouse around the world. The 2nd largest Silver mine just went offline in Mexico.
Demand for solar power & electric cars has NEVER been stronger.
The fed is running the printing press at TOP SPEED!
Do you really need more data to conclude that Silver priced at 1/2 of it's 1980 high is MASSIVELY UNDERVALUED?!
Silver WARNING : What Is About To Happen To Silver as COMEX Stockpiles Plummet! - Andy Schectman
The Financial Brief: 6-13-2023
In today's critical discussion, Andy Schectman of Miles Franklin unveils the startling trend in the silver market: plummeting COMEX stockpiles.
As the US debt ceiling crisis seemingly reaches a resolution, a less talked about, but equally significant crisis emerges in the silver market.
The COMEX silver stockpile, once robust with 150 million ounces in 2021, has dropped shockingly to below 28 million ounces.
At the same time, the US deficit continues to balloon, with no clear solution in sight. Could these two phenomena be connected? And if so, what's next for silver?
The Rise And Fall Of The Gold Standard
The Rise And Fall Of The Gold Standard
by THE INVESTOR on June 8, 2023
This guest post on the ramifications of the demise of the gold standard is by Rob Dix. A long-time Monevator reader, Rob is co-host of the popular Property Podcast and co-founder of Property Hub. Rob is also the author of the Penguin bestseller The Price of Money.
You may have been taught as a child the golden rule, ‘Do unto others as you’d have them do unto you.’ A more cynical golden rule was made famous in the movie Aladdin: ‘Whoever has the gold makes the rules.’ But a more accurate (if less pithy) formulation might be, ‘Whoever has the power makes the rules about the gold.’
The Rise And Fall Of The Gold Standard
by THE INVESTOR on June 8, 2023
This guest post on the ramifications of the demise of the gold standard is by Rob Dix. A long-time Monevator reader, Rob is co-host of the popular Property Podcast and co-founder of Property Hub. Rob is also the author of the Penguin bestseller The Price of Money.
You may have been taught as a child the golden rule, ‘Do unto others as you’d have them do unto you.’ A more cynical golden rule was made famous in the movie Aladdin: ‘Whoever has the gold makes the rules.’ But a more accurate (if less pithy) formulation might be, ‘Whoever has the power makes the rules about the gold.’
The amount of money in the economy has been increasing dramatically over the last 50 years, and the pace is only getting faster.
How is that even possible? Well, for most of history, it wasn’t. It was only in the latter part of the twentieth century that the brakes came off and the creation of money became so unrestrained.
So what exactly changed towards the end of the twentieth century? To understand that we’ll start with a quick romp through the history of money up to that point.
The Earliest Money
People exchanged goods with each other long before the development of physical money. ‘Tally sticks’ were used at least 30,000 years ago to keep track of who owed what to whom. Eventually, these were replaced by clay tokens. But both seem to have been used simply as claims of ownership: the tokens themselves weren’t traded between people.
The first physical currency appears to have been the Mesopotamian shekel, dating back somewhere around 7,000 years. Metal coins are more recent still – seemingly originating independently in China around 1000 BC, and ancient Greece around 650 BC.
Eventually, these small pieces of metal would become the dominant way of organising an economy.
The UK is a good case study – and not just because it’s where I live! Records go back a long way, and Britain was a major global power during a period when critical innovations in the history of money were taking place.
We’ll link back up with other currencies later, when we reach the twentieth century.
Coining it
Coins started being used in England as early as the second century BC. But it wasn’t until the eighth century AD that their use became widespread and the coins themselves more standardised.
These later coins were made of silver, and the name ‘pound sterling’ derives from a pound weight of sterling silver. This was important, because the value of the coin was in the metal itself. Whether it was melted down or moulded into a convenient disc, it should be worth exactly the same.
A pound of silver was divided into 240 pennies. There were 12 pennies in a shilling and 20 shillings to a pound (12 x 20 = 240). Each penny was further subdivided into four farthings. We organised our coinage this way for about 1,300 years – until in 1971 someone finally came up with a less mentally-taxing structure. (“The British resisted decimalised currency for a long time,” as Neil Gaiman put it, “because they thought it was ‘too complicated’.”)
All those centuries ago, everything operated on a far more local basis – primarily owing to the time it took to convey messages across long distances. In the case of money, each town would produce its own coinage. There wasn’t one ‘Royal Mint’ as there is today.
The problem with this? It created ample opportunity for any individual ‘moneyer’ (the name for the trade that produced coins) to cheat the system by mixing in much cheaper tin with the silver that should have been used.
In other words, the unwary trader might think they were being given a valuable pound of sterling silver, but find they had nothing of the sort if they ever decided to melt it down.
Moneyers would come to regret giving in to this temptation. When Henry I became king in 1100 and discovered what was going on, he arranged for all the moneyers to be castrated and have their right hand cut off.
Royal flush
Seven Henrys and nearly 400 years later we find Henry VIII on the throne – coming to power in 1509.
Henry VIII wanted more centralised control of the currency. So he shut down all the local mints and decreed that the Royal Mint in London could be the only entity to create new coins.
This removed the opportunity for moneyers to meddle with the silver content of coins. But it introduced the opportunity for monarchs to do exactly the same thing centrally – without the risk of castration.
The effect was what you might expect from giving control to someone with a desire to accumulate as many goods as possible and no fear of retribution. About 30 years after the creation of the Royal Mint, the silver content of coins fell from over 90 per cent to just over one-third. The pound coin, originally named for its weight in silver, now very much wasn’t.
To continue reading, please go to the original article here:
https://monevator.com/the-rise-and-fall-of-the-gold-standard/
Mike Maloney and Lynette Zang Q&A Thursday 6-1-2023
"Where I See the PRICE of Gold Going Depends On THIS...."
Mike Maloney: 6-1-2023
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
Mike sits down with Julia La Roche for a timely discussion about the big fiat currency problem.
In short, there has never been a time in world history where ALL currencies have been fiat currencies, like we see today.
History shows us that once a currency becomes fiat, it’s just a matter of time before it becomes worthless.
What is the future of the dollar if that happens? What would a global monetary shift look like? And what will that mean for the price of gold?
Mike’s answer might surprise you. Check out Mike’s conversation with Julia for the full story.
"Where I See the PRICE of Gold Going Depends On THIS...."
Mike Maloney: 6-1-2023
There’s a grand experiment happening in the global financial system – and most people have no idea it’s happening.
Mike sits down with Julia La Roche for a timely discussion about the big fiat currency problem.
In short, there has never been a time in world history where ALL currencies have been fiat currencies, like we see today.
History shows us that once a currency becomes fiat, it’s just a matter of time before it becomes worthless.
What is the future of the dollar if that happens? What would a global monetary shift look like? And what will that mean for the price of gold?
Mike’s answer might surprise you. Check out Mike’s conversation with Julia for the full story.
Gold, T-Bills, Fraud and Bartering
Lynette Zang and Eric Griffen : 5-31-2023
CHAPTERS:
0:52 Question 1 Graded coins come in sealed plastic containers and the containers must be destroyed to actually touch the coin. I see these containers as a third party risk for a fake coin. The Chinese are copying everything these days. Isn't there an advantage to having a coin you can touch? I can touch my bullion. And when I bought it, I tested it for purity using resonance frequencies. Using the Android app bullion test.
4:40 Question 2 With the LIBOR scheduled to end by June 30th, 2023, will there be an impact on existing home mortgages? There is very likely to be an impact because the valuation of the SOFR, the interest rate on the SOFA is different than the interest rate on the LIBOR. 5:40 Question 3 How will de-dollarization affect other countries?
7:50 Question 4 I have been considering the possibility of purchasing T-bills maturing in a few months to one year as an alternative if the US defaults. Do these T-bills go with it?
13:20 Question 5 how do you safely barter with either silver or the gold collectibles without being vulnerable to theft or possible injury to your family?