Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

"Coffee with MarkZ" Tuesday Morning Chat 5-26-2020

.Emailed to Recaps:

MarkZ Tuesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: I’m losing my mind …..come on Reset, RV, get me out of this insanity!

MZ: What I am hearing today…..from my paymaster…nobody processed …Dubai 1 and 2 did not go over the weekend.

MZ: Paymasters are being told disclosures start today and we will have a busy 3 days of disclosures…..he is hearing the first money will be in hand on Thursday of this week. If they release all that disclosure starting today maybe we will finally see it.

Member: Mark deposits have been made ...they just can't touch it yet .....this should be in full steam a head .........info is hot...

Emailed to Recaps:

MarkZ Tuesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member:  I’m losing my mind …..come on Reset, RV, get me out of this insanity!

MZ:  What I am hearing today…..from my paymaster…nobody processed …Dubai 1 and 2 did not go over the weekend.

MZ: Paymasters are being told disclosures start today and we will have a busy 3 days of disclosures…..he is hearing the first money will be in hand on Thursday of this week. If they release all that disclosure starting today maybe we will finally see it.

Member:  Mark deposits have been made ...they just can't touch it yet .....this should be in full steam a head .........info is hot...

MZ: I heard from folks in redemption centers they have been ready for about 3 weeks now.

Member:  markz I know someone who works with Barr's investigative team. Says something huge is expected, supposedly today, and from the SR (Schumann Resonance), the energy is HUGE!

MZ: I am hearing from both paymasters and politicians that today is supposed to be big…..that we get the first drop of three days of a plethora of disclosures…..I have no idea what or who it is……but was told they start today and will be in full swing by the 29th…….

Member:  I also heard something BIG is going to happen in the US today.

Member:  Disbursements this weekend were for down line account liquidity release in USN final disbursements to Tier 2-3 Intermediates (CMKX, F&Ps, adjudicated settlement accounts, sovereign accounts, etc),

MZ: The 29th will also be JFK’s birthday…..i wonder if something will be celebrated then…I wonder if this Q thing is bigger than I thought.

Member:  I believe the 29th is a big day too... The q clock runs out on the 29th for those of us who follow Q

Member:  5/29 is Pentecost and JFK Birthday. What a Tribute to him to sink the Cabal

Q: What is meant by disclosure?

MZ: I assume it means fallout from the deep state and the guilty hands in the cookie jars….

Member:  disclosure means 6000 patents that the Deep State withheld from us

Member:  Hope  they planning to take over the MSM to do the disclosures? otherwise it would be the same set of people being red-pilled

Member:  Heard that they were taking down those who were trying to stop the RV OVER THE WEEKEND AS WELL.

Member: Rumor is  Throughout this Memorial Day Weekend Department of Defense security teams have been arresting anyone who has been obstructing the RV release. Behind the scenes there have been 27,000+ arrests

Member:  Heard on YouTube News from 2 separate Congress people that Pelosi wanted a 17% tax on Bond redemptions and currency exchanges in this last bill. Part of why they said NO. I have not read all 1810 pgs.

Member: I believe GESARA/NESARA will be implemented soon as well. Prosperity and abundance.

Member:  Stimulus money checks are part of NESARA!!

Member:  OK if you have not read what NESARA DOES READ THIS   https://inteldinarchronicles.blogspot.com/2019/04/the-nationalglobal-economic-security.html?m=1

Member:  Our new money will not be the money we all know ...TRUMP has Brand New Money for OUR GREAT COUNTY NO MORE GREEN BILLS TO BE PAST AROUND...

Member:  All they have to do is print a new bill. One that will be 100% backed by gold and printed in color. Look at the notes now, half fed green and half rebublic color...

Member:  I know we are really close to the RV. The shelves at the store are now full of toilet paper..lol

Member:  June 1st will be a new world

Member:  near the end of draining a bath tub a strong vortex forms...We are nearing the full draining of the swamp and the vortex is very strong but shall be over soon with calm waters following.

Q: What news on CMKX?

MZ: I keep being told that they have positioned our packages and they are just waiting for a “go”..its such a old responce from sources that I am getting frustrated with them……but, it does appear to be in place…we just need somebody to let it rip………

Q: Are Redemption centers and 800 numbers real?

MZ: I am friends with someone who helped set up redemption centers…so yes……I do not doubt there are redemption centers…..as to 800 numbers…..I am told they will distribute those via a secure web link and you will get a unique 800 number to call…..yes I believe these things are real.

MZ: Hertz is no filing bankruptcy……The markets are just going nuts…think about this guys….the market went up 600 points …then slid down again…..here is a great article from analysts at Bank of America…..

MZ:  Central banks are creating ‘fake markets,’ Bank of America strategists say   https://www.cnbc.com/2020/05/22/central-banks-are-creating-fake-markets-bank-of-america-strategists-say.html

MZ: Look at al the real world indicators around us….we know our supply chains are broken….many face starvation worldwide….how does the dow keep doing this?  We ought to see hyperinflation the way they keep printing money. Don’t pay any attention to the man behind the curtain.

Member:  Vietnam will become the new China for US manufacturing ….watch

Mod:  Economic Impact Payments https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments

ALL RECORDING FROM SAM OLIVER,ROLLS ROYCE, TEXAS SNAKE, BRENT JOHNSON AND BOB LOCK'S NEW ONE ON THE WEBSITE WITH INSTRUCTIONS ON HOW TO DOWNLOAD https://seedsofwisdom.team/

Brent Johnson Tues Nights 9:00 PM EDT; 605-313-5405 Access 888316#; replay 605-313-4103 Access 888316# International list Dial in http://FreeConferenceCallhd.com/dialer

Mod: ENJOY YOUR DAY EVERYONE.. BRENT JOHNSON TONIGHT... SEE YA TOMORROW

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Mod:  THANK YOU, SNAKE, PLANNING QUESTIONNAIRE: https://www.mmbb.org/docs/FinancialPlanningQuestionnaire.pdf

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066

MarkZ : https://markz.team/

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

Markz WELCOME TEAM WILL GREET YOU CLICK THE ENTRANCE DOOR LINK 2) https://t.me/joinchat/JrH1jlOe9REFsFnwexWHJw

Note: Please listen to the replay for all the details….

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=CmV6_vvuA8k

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Bix Weir, Max keiser, PIR and more Tuesday AM 5-26-2020

.Bix Weir

ALERT: END of Silver Manipulation = $1,000/oz. Silver Coming?!

RoadToRoota: May 25, 2020

After 20 years of screaming about the obvious manipulation of the Silver Price it looks like the DOJ & CFTC just MIGHT stop "Allowing" it!!

You will fondly remember the sub-$1,000oz. SILVER Days!!

Bix Weir

ALERT: END of Silver Manipulation = $1,000/oz. Silver Coming?!

RoadToRoota:  May 25, 2020

After 20 years of screaming about the obvious manipulation of the Silver Price it looks like the DOJ & CFTC just MIGHT stop "Allowing" it!!

You will fondly remember the sub-$1,000oz. SILVER Days!!

https://www.youtube.com/watch?v=uX7QMatEUDc

Iraqi Dinar News USD/IQD Exchange Rate Foreign Currency

Edu Matrix:  May 24, 2020

Iraq is in a perfect position to help the world financial community after our exsisting problems are resolved (world health issues) because many countries, individuals, institutions and governments hold the Iraqi Dinar as an investment.

We then explore Iraq's political issues and concerns of the new prime minister. We talk about the UN's warning to Iraq and how Iraq may have been wrongly accused and who may be guilty

We come to an understanding that the foreign currency exchange rate is tied to current events and news headlines. We also explore the possibility that Iraq may need to break up with Iran in order to move forward in the world.

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

Keiser Report | The Herbert Report | E1545

May 26, 2020

In this episode of Keiser Report from a parallel universe, Max and Stacy present ‘The Herbert Report,’ where time goes backwards (negative interest rates) and energy and matter do not exist (negative oil prices).

In the second half, Max talks to Cory Klippsten of SwanBitcoin.com about launching a new company during a pandemic and lockdown, the ‘intolerant minority’ of bitcoiners and what it means to ‘dollar cost average.’

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

Patriot intel Report:

PIR 05 26 20

Looks like politicians are returning to Washington DC today and tomorrow.

I believe the next stimulus will be bigger that people expect.

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

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Chats and Rumors Dinar Recaps 20 Chats and Rumors Dinar Recaps 20

Restored Republic via a GCR- Rumors as of Tuesday May 26, 2020

.Thank you Judy

Restored Republic via a GCR: Update as of Tues. 26 May 2020

Compiled Tues. 26 May 2020 12:01 am EDT by Judy Byington

Divide They Try, Fail They Will, WWG1WGA to Support POTUS, Follow Q & Trust Plan

"People who say it cannot be done should not interrupt those who are doing it."

Judy Note: 800# notification was expected at any time Tues. 26 May through Wed. 27 May.

Wells Fargo would send out emails containing a link to a Safe Website. Clicking into that Safe Website with your computer or phone would give you a personalized encoded 800#. Calling your personalized encoded 800# on your own phone would lead you to a Call Center that would set an appointment at a Redemption Center in a Zip Code where you wanted to exchange/ redeem.

Thank you Judy

Restored Republic via a GCR: Update as of Tues. 26 May 2020

Compiled Tues. 26 May 2020 12:01 am EDT by Judy Byington

Divide They Try, Fail They Will, WWG1WGA to Support POTUS, Follow Q & Trust Plan

"People who say it cannot be done should not interrupt those who are doing it."

Judy Note: 800# notification was expected at any time Tues. 26 May through Wed. 27 May.

Wells Fargo would send out emails containing a link to a Safe Website. Clicking into that Safe Website with your computer or phone would give you a personalized encoded 800#. Calling your personalized encoded 800# on your own phone would lead you to a Call Center that would set an appointment at a Redemption Center in a Zip Code where you wanted to exchange/ redeem.

Important: Do not give out that personalized encoded 800# to anyone as it could only be used one time. That Safe Link Website also should likely be available on these links:

Dinar Chronicles: http://www.dinarchronicles.com
Dinar Recaps: https://www.dinarrecaps.com/our-blog
MarkZ: https://www.twitch.tv/theoriginalmarkz
Bruce: http://bigcalluniverse.com/callarchive/
TNT Tony: https://twitter.com/the_tnt_team
Dinar Detectives: https://dinardetectives.com/

(Rumors) On Mon. 1 June the Restored Republic would legally take over the Cabal Deep State US Corporation government; GESARA / NESARA debt relief would become more public; the SWIFT system that the Deep State used to delay the RV release, would be completely disconnected from the banking system; the gold/ asset-backed US Note would be fully transitioned, operational and compliant in the new QFS Digital Ledgering System at levels needed for secure global transactions, plus the new Iraqi Dinar Rate would be made public.

Throughout this Memorial Day Weekend Department of Defense security teams have been arresting anyone who has been obstructing the RV release. Behind the scenes there have been 27,000+ arrests on Deep State criminal activities.

Over the past several days the fiat US Dollar has converted to a digital gold/asset-backed US Note for global trading and payouts, the Federal Reserve Bank and IRS were moved under the new US Treasury and IRS staffing was reduced (3-4 agents per state) as part of the transition into GESARA / NESARA protocols under the Restored Republic.

Since Thurs.-Fri. 21, 22 May paymasters and banks were calling people saying their accounts had live funds just waiting for account holds to be removed.

On Fri. 22 May just after midnight POTUS signed off and final disbursements were released for liquid access to RV accounts by Tues.-Wed. 26-27 May. A few hours prior Wells Fargo would send out 530,000+ notification emails to start Tier 4b exchanges.

POTUS and the Department of Defense were under contractual mandate to release all Tier 1-4 accounts globally at the same time sequentially with account holds removed, in order to give live access to funds by Mon. 1 June at the latest.

By Mon. 15 June Redemption Centers and Contract Rates would no longer be available, while the General Public Tier 5 could exchange foreign currencies at the new international rates under the new Quantum Financial System.

A. Sun. evening May 24 2020 Fleming’s Military Intel Contact:

1. As of Sun. 24 May Judy Shelton and the RV teams were saying that the plan was still on track, has not changed and security teams had to get liquidity released to all tiers this week.

2. All had to be completed before Mon. 1 June transitional events because POTUS was under a contractual mandate to get it done by then, both China and the US needed it NOW, the Quantum Financial System conversion would complete, plus legal, political transitions and announcements would begin on Mon. 1 June.

3. This Memorial Day Weekend the Department of Defense security teams were ridding all obstacles to getting this out by arresting and removing all Deep State obstructionists.

4. On Sat. 23 May someone in one of the Tier 3 church groups said, “I can see the entire amount in the account, but it has a hold on it.” Our guy said that was a money-of-account in the Tier 3 group accounts. When the holds were removed, these USN money-of-account funds would become live with full accessibility over the 72 hour period when Tier 4b started.

5. Disbursements this weekend were for down line account liquidity release in USN final disbursements to Tier 2-3 Intermediates (CMKX, F&Ps, adjudicated settlement accounts, sovereign accounts, etc), Tier 3-4a accounts, Paymasters and SKR holders who have been receiving notifications of payouts the past 72 hours.

6. This disbursement process would continue to proliferate USN funds into accounts for live full account access when Tier 4b exchanges started this coming week.

7. Bluwolf said, "Today Sun. 24 May is the first day of the rest of your life." This underscored that we were at the end of this journey, this was it this week and RV teams knew they had to get liquidity out to all tiers 1-4 before next Mon. 1 June.

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

B. Bilderberg Fascists Agenda, Verhagen: Bilderberg Fascists Double Agenda -- Rinus Verhagen

C. Powerful Forces Raining Down on the Enemy, And We Know: And We Know -- Powerful Forces Raining Down on the Enemy Powerful video on Trump, the Press and Present State of Affairs in Draining the Swamp

D. Bill of Rights and Church Attendance, Rick Scott: https://www.politico.com/news/2020/05/24/rick-scott-church-bill-rights-275960

E. May 24 2020 11:31 pm EDT Obama, Fauci and the “Pandemic” "Memories" - ZAP Weekly - The Office of POOFness - 5.24.20

F. International Child Sex Trafficking:

Comprehensive Website on Global Elites Involved in Child Sex Trafficking, Pedophilia and Satanic Cults: https://exposingpedovore.wordpress.com/2019/07/24/list-of-known-names-connected-to-satanic-cults-pedophilia-child-trafficking-in-america/

G. Currency Exchange/Bond Redemption: Please treat the below as my guess. Official instructions would be available upon 800# release.

WARNING: DO NOT give your foreign currency or Zim Bonds to anyone to exchange, or redeem for you. If a Group Leader was telling you that they could obtain better rates for you, or saying not to go to your appointment at an Exchange Center, they were not telling the truth.

Anyone could exchange and redeem their currencies and/or Zim Bonds, and would have the same ability to obtain the higher Contract Rates as anyone else, as long as they did it at a licensed Exchange Center as per appointment through the 800#s.

I am not aware of how someone outside the US could redeem Zim Bonds. That question should be asked to the person who set up your appointment.

H. 800# notification was expected at any time Tues. 26 May through Wed. 27 May.

Wells Fargo would send out emails containing a link to a Safe Website. Clicking into that Safe Website with your computer or phone would give you a personalized encoded 800#. Calling your personalized encoded 800# on your own phone would lead you to a Call Center that would set an appointment at a Redemption Center in a Zip Code where you wanted to exchange/ redeem. Important: Do not give out that personalized encoded 800# to anyone as it could only be used one time. That Safe Link Website also should likely be available on these links:

Dinar Chronicles: http://www.dinarchronicles.com
Dinar Recaps: https://www.dinarrecaps.com/our-blog
MarkZ: https://www.twitch.tv/theoriginalmarkz
Bruce: http://bigcalluniverse.com/callarchive/
TNT Tony: https://twitter.com/the_tnt_team
Dinar Detectives: https://dinardetectives.com/

I. Currency and Zim Bond Appointments: This information applied to redeemers in the US. Different countries would have their own regulations and rules. Please treat as my opinion only as deducted from Military Contact Intel reported by Fleming and Bruce:

The Elders wanted currency and Zim holders to get the highest rates for their humanitarian projects and/or investing in national and international humanitarian projects. Every currency and Zim holder would get an equal chance at the highest Contract Rates for their interest in humanitarian work and project presentations. It would be a level playing field with one appointment, not two.

Currency exchanges not asking for Contract Rates: At your appointment if you didn’t have Zim, nor a humanitarian project and didn’t want to invest in the national and international humanitarian projects, your currency would be validated, you would be given a specific rate (higher than what would be offered on foreign currencies after 15 June), your account would be set up, you would be given a debit card with a percentage of your monies immediately available and then receive the rest within 48 hours. You would have no restrictions on how you spent your monies. Your appointment would last around 30 min.

Zim Redemption and Currency exchanges asking for Contract Rates: At your appointment if you had Zim and/or a specific humanitarian project and/or wanted to invest in the national and international humanitarian projects, your currency and Zim would be validated, you would be offered Contract Rates, the amount of which was dependent upon your humanitarian project and/or investment interest in national and international humanitarian projects, your account would be set up, you would be given a debit card with a percentage of your monies immediately available and receive the “rest” within 48 hours.

That payout would be placed on your choice of a quarterly, semi quarterly or yearly payout period. The amount of earned interest on monies left at the bank during your payout period would be dependent on the amount of monies you had and length you chose for your payout period. A certain percentage of your Contract Rate monies would be for your own use, the rest dedicated to humanitarian work. Your appointment could last up to 90 min.

If you were not satisfied with the first appointment rate offered for the ZIM you would have 180 days (6 months) to work with a Wealth Manager and trust company private banking team, which would represent us to the US Treasury for higher rates than those received in the first appointment. The Wealth Managers and trust company would be happy to help us.

US Taxes: At the end of March 2020 the IRS was severely downsized as it folded into the new US Treasury. We now had 4-6 IRS agents per state to collect a flat tax of 15-17%. There would be no capital gains tax on the exchange or ZIM redemption, just a tax on interest earned from exchange/redemption proceeds.

The new US Treasury under the Restored Republic was the banking regulator of banks post-RV. The US Treasury would not control account funds, only you would, but the Treasury would be the servicer of our QFS accounts and the banks would be financial service providers that would serve us as account holders.

If RV funds were used for Deep State purposes like drug running, child trafficking, gun running, or other criminal activities, the NSA would find out and freeze accounts on the QFS.

Judy Note: I do not now, nor have I ever, received monies for writing my Updates and articles. The compensation has been in having outlets to help Save the Children by exposing truths about the very secretive Satanic Ritual Abuse, Pedophilia and Child Sacrifice that was rampant in our international society.

If you wish to help save children from international sex trafficking, contact Tim Ballard at Operation Underground Railroad: https://ourrescue.org/about/ https://www.youtube.com/watch?v=FT4tmI8YxCU&feature=emb_rel_end

U.S. Immigration and Customs Enforcement (ICE) investigates more than 400 violations of criminal law, ranging from child exploitation to transnational gangs inside and outside the US. This would include the rape, torture and murder of children by Satanic worshippers. Use this form to report suspected criminal activity: https://www.ice.gov/webform/hsi-tip-form

The above was a summary of information from the Internet. It would be up to the reader to do their own research and decide whether or not it was valid. A Thank You to those dedicated and brave Intel providers who wished to remain unknown; to humble Wildfire Lady who is adept at exposing the truth; to Martha who works around the clock to discern what is real in the fake news; to Brad who does great research and Ken who uncovers almost unlimited Intel on pedophilia to help us Save the Children.

Divide They Try, Fail They Will, WWG1WGA to Support POTUS, Follow Q & Trust Plan

Let us Thank Q that the reset has finally come to be. I wish you well in your humanitarian efforts and look forward to seeing you on the other side where together, we will make life better for all.

Patience is a Virtue. Having Virtue is a sign of a good moral being. Good moral beings have the power to overcome evil and change the world. Judy

Courtesy of Dinar Chronicles

https://inteldinarchronicles.blogspot.com/2020/05/restored-republic-via-gcr-update-as-of_26.html

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.“Even If Not Intentional Discrimination, It’s Still Discrimination.”

“Even If Not Intentional Discrimination, It’s Still Discrimination.”

.Going Cashless Looks More and More Like a Capitalist Scam
By Ankita Rao Mar 22 2019

Paper vs Plastic

Lawmakers argue bans on cashless stores could protect tens of millions of Americans without access to credit cards.

When Bluestone Lane decided to go cashless, the people running the coffee franchise were thinking of efficiency.

“Cash takes time,” said Andy Stone, vice president of brand marketing and events at the company, which was inspired by cafe culture in Australia.

“In New York, nobody wants to be waiting in line.” There’s also the counting of cash, the moving and transferring of it in actual trucks, which can be vulnerable to theft.


“Even If Not Intentional Discrimination, It’s Still Discrimination.”

Posted in Dinar Recaps Archives on 8/2/2019

Going Cashless Looks More and More Like a Capitalist Scam
By Ankita Rao Mar 22 2019

Paper vs Plastic

Lawmakers argue bans on cashless stores could protect tens of millions of Americans without access to credit cards.

When Bluestone Lane decided to go cashless, the people running the coffee franchise were thinking of efficiency.

“Cash takes time,” said Andy Stone, vice president of brand marketing and events at the company, which was inspired by cafe culture in Australia.

“In New York, nobody wants to be waiting in line.” There’s also the counting of cash, the moving and transferring of it in actual trucks, which can be vulnerable to theft.

And, Stone noted, the transparency question. “Whatever comes into the system, comes into the system. It’s better for society if we pay more taxes.”

Bluestone is far from the only business allowing solely plastic or digital payments in a country where, a Federal Reserve report last fall estimated, credit and debit cards were used in 48 percent of consumer transactions in 2017.

But in the past several months, local and state governments have moved to resist this trend, citing concerns that a cashless economy could discriminate against the roughly 6.5 percent of US households—disproportionately young, low-income people of color—without bank accounts, and hike up the cost of goods to account for credit card fees.

In early March, Philadelphia became the first major US city to ban cashless businesses.

A couple of weeks later, the state of New Jersey followed suit, becoming the second state to ban virtually all cashless businesses after Massachusetts, which has had a policy in place since the 1970s.

To continue reading, please go to the original article at

https://www.vice.com/en_us/article/pan9xk/going-cashless-looks-more-and-more-like-a-capitalist-scam-1?utm_source=stylizedembed_vice.com&utm_campaign=kzm4yv&site=vice

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

It’s Easier to Be Rich If You Don’t Have to Look Rich

.It’s Easier to Be Rich If You Don’t Have to Look Rich

January 30, 2020 By Machinist

That Looks Rich.

Wealth is a fascinating paradox. People who look rich, especially those who really care about looking rich, usually aren’t actually rich. On the other hand, as we learned from The Millionaire Next Door, there are millions of incognito millionaires all around us. I have had my own experiences with perceptions of wealth, and I’ve discovered that it’s easier to look rich than to actually be rich.

More importantly, I’ve learned that it’s much easier to get rich if you don’t care about looking rich. The choice is yours. Would you rather look rich or be rich?

It’s Easier to Be Rich If You Don’t Have to Look Rich

January 30, 2020 By Machinist

Wealth is a fascinating paradox.  People who look rich, especially those who really care about looking rich, usually aren’t actually rich.  On the other hand, as we learned from The Millionaire Next Door, there are millions of incognito millionaires all around us.  I have had my own experiences with perceptions of wealth, and I’ve discovered that it’s easier to look rich than to actually be rich. 

More importantly, I’ve learned that it’s much easier to get rich if you don’t care about looking rich. The choice is yours.  Would you rather look rich or be rich?

Misadventures with the Perception of Wealth

As I prepared to graduate from business school, I traveled to several interviews with prospective employers.  One of these was Union Pacific Railroad in Omaha, Nebraska.  My host in Omaha was a relatively high-ranking manager at the company and an alumnus of my university. 

This guy, who was probably about twenty years older than I, tried to help me feel comfortable and provide an authentic impression of life in Omaha.  On the evening before my interviews, he and his wife met me and my wife at the airport and took us to dinner.  The next day, he picked us up again (in his own car) and drove us to the office for the interviews and then took us out to show us the neighborhoods where we might want to live.

The dinner was fantastic.  You can’t beat an Omaha steak followed by a piece of chocolate decadence drizzled with fresh raspberry puree.  It was all down hill from there.  I’m sure that the overall impression I left Omaha with was not what my host had intended. 

You see, I had spent the previous two years working hard to earn a degree that would propel me into a high-salary job.  I was anxiously anticipating the lifestyle that the average starting salary for my program would entitle me to.  As I mentioned here, I had a ski boat all picked out and naturally assumed I would have a house on the lake.  My brief but candid glimpse into my host’s lifestyle was an affront to my carefully cultivated avocational aspirations.

What I am trying to say is that my host drove an older Toyota, and he made a reference or two to making choices based on scarcity of resources.  I was ready to be rich, not to be concerned with making ends meet.

To continue reading, please go to the original article here:

https://perpetualmoneymachine.org/be-rich-or-look-rich/#more-891

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

TNT, Delta, Frank and more Monday Night 5-25-2020

.TNT:

Tishwash: Economist: Iraq will give everything up for the sake of the economy

Washington intends to conduct a strategic dialogue with Baghdad, next month, in which details of a future relationship between the two countries will be put in place, and focus may be on this dialogue on the economic side, in light of the suffocating financial crisis suffered by Iraq, which may push it to make more concessions, so that It gets the support needed to get out of it, and the Iraq-China agreement may be canceled due to the repercussions of the escalating crisis between Washington and Beijing, against the backdrop of mutual accusations between the two countries over the Corona virus pandemic.

Did the United States start creating coalitions and alliances in preparation for a global economic war? On this subject, economist Saleh Al-Hamashi says: "Economic conflicts will emerge after the end of the Corona crisis, which demonstrated the fragility of the capitalist system, where you will see the emergence of blocs between two Western camps led by the United States and an eastern led by China, and the last will be the strongest economist, but the United States bloc will be stronger Politically. "

TNT:

Tishwash: Economist: Iraq will give everything up for the sake of the economy

Washington intends to conduct a strategic dialogue with Baghdad, next month, in which details of a future relationship between the two countries will be put in place, and focus may be on this dialogue on the economic side, in light of the suffocating financial crisis suffered by Iraq, which may push it to make more concessions, so that It gets the support needed to get out of it, and the Iraq-China agreement may be canceled due to the repercussions of the escalating crisis between Washington and Beijing, against the backdrop of mutual accusations between the two countries over the Corona virus pandemic.

Did the United States start creating coalitions and alliances in preparation for a global economic war? On this subject, economist Saleh Al-Hamashi says: "Economic conflicts will emerge after the end of the Corona crisis, which demonstrated the fragility of the capitalist system, where you will see the emergence of blocs between two Western camps led by the United States and an eastern led by China, and the last will be the strongest economist, but the United States bloc will be stronger Politically. "

Al-Hamashi added: "In light of the conflict between the East and the West, it is not correct for Iraq to hand over its entire economy to the agreement it concluded with China, just as Iraq has resorted to Saudi Arabia in its crisis as an ally of the United States, but it cannot dispense with the East."

Al-Hamashi added: "Iraq will give up everything for the sake of the economy, as Iraqi politicians, even Iranians loyal to them, are aware of the seriousness of the economic situation, and for this they will make more concessions to the United States in order to overcome the financial crisis."  link

Courtesy of Dinar Guru

Footforward   [Vietnam increases reference exchange rate.]  Article:  "HANOI: The State Bank of Vietnam on Monday (May 25) set the daily reference exchange rate between Vietnamese dong and US dollar at 23,257 Vietnamese dong per US dollar, up 15 Vietnamese dong against the last working day of the previous week."   it's telling us they have a good economy and that the dong went up less then 1/10th of a penny. It's good to hear reports of their economy but this doesn't change anything for us at the moment.

Pimpy  ...when I say Iraq or Vietnam are a long term investment you're misunderstanding what I'm saying so I want to clarify this.  I'm not talking about their currencies.  I think the currencies are gonna change really quick here.  Especially the Iraqi dinar.  As a matter of fact I can make a bold suggestion and that is, our time is this year 2020.   There's no doubt that the Iraqi dinar rate will change in 2020.  I feel very confident about that...and then I say, 'oh these two countries you should consider longer term.'  People are like oh my God pimpy is saying it's going to be 5, 10, 15 years down the road for their currencies.  No. I'm not talking about the currencies...I'm considering Iraq and Vietnam as "long term" outside of their currencies.  As long term investment opportunities.  There's just so much growth potential there...

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

Iraqi Dinar News 05/25/20 (Iraq taking big steps)

Pimpy Investment Chat:  May 25, 2020

https://youtu.be/Swt8cXnghKo?t=5

KTFA:

DELTA:  FROM IRAQI FINANCE MINISTER..AND MORE WILL TALK ABOUT IT TONIGHT.....

"The beginning of changing the course of our relations at the regional and international levels will restore Iraq to the normal balance of its external and economic relations and we will reap its wealth quickly, we will no longer move towards one axis without the other"

Monday Conference Call:

IQD UPDATE CC WITH SPECIAL GUESTS – DELTA, MM AND AG-1. 

605-313-5164 PIN: 156996#

Playback Number: 605-313-5163   PIN: 156996#

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

Frank26:  5-25-20 THE PROM

This video is in Frank’s opinion.

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

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Today's Smile Post DINARRECAPS8 Today's Smile Post DINARRECAPS8

Today’s Smile Post: Strange and Bizarre Musical Instruments

.Today’s Smile Post: Strange and Bizarre Musical Instruments

(Note from Dinar Recaps - With everything bad happening around us these days, we are starting a daily post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like these videos consider bookmarking this page.)

The most unusual musical instruments of the world! 10,094,136 views•Sep 18, 2016

Top 10 World's Strangest Most Bizarre Musical Instruments Ever Invented 3,195,374 views•Aug 7, 2018

Today’s Smile Post: Top 10 World's Strangest Most Bizarre Musical Instruments Ever Invented

(Note from Dinar Recaps - With everything bad happening around us these days, we are starting a daily post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like these videos consider bookmarking this page.)

The most unusual musical instruments of the world! 10,094,136  views•Sep 18, 2016   

Top 10 World's Strangest Most Bizarre Musical Instruments Ever Invented 3,195,374 views•Aug 7, 2018   

The most unusual musical instruments of the world!

10,094,136  views•Sep 18, 2016   https://www.youtube.com/watch?v=oCYHMVlQezA

Top 10 World's Strangest Most Bizarre Musical Instruments Ever Invented

3,195,374 views•Aug 7, 2018   https://www.youtube.com/watch?v=97f_Fpu_kR0

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Monday Night X22 Reports 5-25-2020

.Americans Want An Economic Nationalist Overhaul, The Economic Awakening - Episode 2182a

X22 Report: May 25, 2020

The economy is now reversing, there are now indicators to show the economy is improving as more and more people go back to work.

The housing markets is now showing signs of improvement and might surpass the housing market before the pandemic, why, the interest rates are lower and more people are entering the market.

Americans want the supply chains changed, they want more products made here in the US.

Americans Want An Economic Nationalist Overhaul, The Economic Awakening - Episode 2182a

X22 Report:  May 25, 2020

The economy is now reversing, there are now indicators to show the economy is improving as more and more people go back to work.

The housing markets is now showing signs of improvement and might surpass the housing market before the pandemic, why, the interest rates are lower and more people are entering the market.

Americans want the supply chains changed, they want more products made here in the US.

https://youtu.be/jAZBja-tHEA?t=1

[DS] Panicking, Fear Creeping In, Narrative Lost, Shadow Presidency Exposed WW - Episode 2182b

X22 Report:  May 25, 2020

The [DS]/MSM event narrative has lost steam, the narrative is falling apart, the people can see the truth.

Everything is being exposed, the corruption, treason and the shadow presidency.

During Trump's presidency Obama shadowed him trying to keep all deals intact, this has failed.

There is only one way this can end, those who knowingly committed treason must be held accountable.

https://youtu.be/kU7trK8k1D8?t=4

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Special DINARRECAPS8 Special DINARRECAPS8

Freedom and Patriotism Quotes On Memorial Day

.Freedom & Patriotism Quotes On Memorial Day

Memorial Day is a day to remember those who gave their lives in defense of the country.

Here are a few quotes about patriotism and freedom.

137 years later, Memorial Day remains one of America's most cherished patriotic observances. The spirit of this day has not changed - it remains a day to honor those who died defending our freedom and democracy. Doc Hastings

Who sows virtue reaps honor. -- Leonardo da Vinci

"Only the dead have seen the end of war." -- Plato ​

On what rests the hope of the republic? One country, one language, one flag! -- Alexander Henry

The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission. -- John F. Kennedy

Freedom & Patriotism Quotes On Memorial Day

Memorial Day is a day to remember those who gave their lives in defense of the country.

Here are a few quotes about patriotism and freedom.

 137 years later, Memorial Day remains one of America's most cherished patriotic observances. The spirit of this day has not changed - it remains a day to honor those who died defending our freedom and democracy. Doc Hastings

Who sows virtue reaps honor.   --  Leonardo da Vinci

 "Only the dead have seen the end of war." -- Plato ​

On what rests the hope of the republic? One country, one language, one flag!  -- Alexander Henry

The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission.  -- John F. Kennedy

Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same. Ronald Reagan

 We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty, and the pursuit of happiness. Thomas Jefferson

 "A hero is someone who has given his of her life to something bigger than oneself." -- Joesph Campbell

This nation will remain the land of the free only so long as it is the home of the brave. – Elmer Davis

Our soldiers have nobly fought to protect freedom since our country's birth, and have fought to protect those that could not protect themselves, even in foreign lands when called upon.  -- John Linder

"A man's country is not a certain area of land, of mountains, rivers and woods, it is a principle and patriotism is loyalty to that principle." -- George William Curtis

 "All you have to do is hold your first soldier who is dying in your arms, and have that terribly futile feeling that I can't do anything about it... Then you understand the horror of war." -- Norman Schwarzkopf

 "Anyone who has ever looked into the glazed eyes of a soldier dying on the battlefield will think hard before starting a war." -- Otto von Bismarck

 "I have long believed that sacrifice is the pinnacle of patriotism." -- Bob Riley

 Patriotism was a living fire of unquestioned belief and purpose. -- Frank Knox

​"Patriotism is supporting your country all the time, and your government when it deserves it." -- Mark Twain

"The highest patriotism is not a blind acceptance of official policy, but a love of one's country deep enough to call her to a higher plain." -- George McGovern

"The patriot volunteer, fighting for country and his rights, makes the most reliable soldier on earth." -- Stonewall Jackson

"The patriot's blood is the seed of Freedom's Tree." -- Thomas Campbell

 "These fallen heroes represent the character of a nation who has a long history of patriotism and honor - and a nation who has fought many battles to keep our country free from threats of terror." -- Michael N. Castle

"They hover as a cloud of witnesses above this nation." -- Henry Ward Beecher

 Guard against the impostures of pretended patriotism.  -- George Washington

 I only regret that I have but one life to lose for my country. -- Nathan Hale

 True patriotism isn't cheap. It's about taking on a fair share of the burden of keeping America going. Robert Reich

 Over all our happy country - over all our Nation spread, Is a band of noble heroes - is our Army of the Dead. Will Carleton

 The heroes of Flight 93 won the first battle in the War on Terror, and they should never be forgotten. Jim Ramstad

 Patriotism consists not in waving the flag, but in striving that our country shall be righteous as well as strong. --  James Bryce

 America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. -- Abraham Lincoln

​A hero is someone who understands the responsibility that comes with his freedom.  -- Bob Dyla

Every human has four endowments - self awareness, conscience, independent will and creative imagination. These give us the ultimate human freedom... The power to choose, to respond, to change. Stephen Covey

 Those who deny freedom to others deserve it not for themselves; and under the rule of a just God, cannot long retain it.  --Abraham Lincoln

 Since the Revolution, eight generations of America's veterans have established an unbroken commitment to freedom.  -- Steve Buyer

 In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibility - I welcome it.  -- John F. Kennedy

​​Liberty has never come from Government. Liberty has always come from the subjects of it. The history of liberty is a history of limitations of governmental power, not the increase of it. -- Woodrow Wilson

The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings capable of law, where there is no law, there is no freedom.  -- John Locke

 America's Veterans have served their country with the belief that democracy and freedom are ideals to be upheld around the world.  -- John Doolittle

 The travail of freedom and justice is not easy, but nothing serious and important in life is easy. The history of humanity has been a continuing struggle against temptation and tyranny - and very little worthwhile has ever been achieved without pain.  -- Robert Kennedy

We will not waver; we will not tire; we will not falter, and we will not fail. Peace and Freedom will prevail. George W. Bush

 Read more at: https://www.brainyquote.com/search_results.html?q=freedom

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KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20

KTFA Members "News and Veiws" Monday 5-25-2020

.KTFA:

YoungSC: As Frank stated on Fridays YouTube Iraq is article 8 and we will see the REER posted soon based on Iraq's meeting with Saudi Arabia. Having the open market and opening their country for investment

MilitiaMan: What it looks like is there was a notice given on the 19th. Then, moving along from that, banks are closed and a holiday ensues for five days to mark Eid Al-Fitr a time of giving. The mask of Covd-19 is in play.. Nothing like a plan-demic to hide what is in plain site. Very well orchestrated on many fronts. The one front that will usher our win, is what we await on now. imo. No turning back once one jumps from the deck! That is were they are, in the air imo.. lol MM

KTFA:

YoungSCAs Frank stated on Fridays YouTube Iraq is article 8 and we will see the REER posted soon based on Iraq's meeting with Saudi Arabia. Having the open market and opening their country for investment  

MilitiaMan:  What it looks like is there was a notice given on the 19th. Then, moving along from that, banks are closed and a holiday ensues for five days to mark Eid Al-Fitr a time of giving. The mask of Covd-19 is in play.. Nothing like a plan-demic to hide what is in plain site. Very well orchestrated on many fronts. The one front that will usher our win, is what we await on now. imo. No turning back once one jumps from the deck! That is were they are, in the air imo.. lol MM

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

TONIGHT MONDAY CC ..... WITH FRANK ...DELTA, AG-1 & MILITIA MAN...@ 7 PM EST....

Monday Conference Call: 605-313-5164 PIN: 156996#

Playback Number: 605-313-5163 PIN: 156996#

Samson:  Iraq requests the postponement or cancellation of Kuwaiti debts amid Saudi-UAE terms

25th May 2020
An American newspaper reported today, Monday, that the Iraqi government began resorting to Saudi Arabia and Kuwait to resolve the economic crisis after the drop in oil prices, noting conditions imposed by the UAE and Saudi Arabia regarding the relationship with Iran.  

The Wall Street Journal said that under the pressure of low oil prices and the economic crisis resulting from the outbreak of the Corona epidemic, it seems that Iraq has sought refuge with its Arab neighbors to solve this crisis, so it sought to reduce the debt burden prescribed to Kuwait, and moved to strengthen relations with the Kingdom of Saudi Arabia.

Finance Minister Ali Allawi, who is also Deputy Prime Minister and Minister of Oil of the Agency, said that he suggested that Kuwait postpone or cancel about 3 billion dollars due to Iraq over compensation for the 1990-1991 Gulf War.

Iraq had stopped making payments in 2014 during the war against ISIS who controlled a third of the country but resumed in 2018, and now, 3% of oil export revenues go to Kuwait, which is also suffering from low oil prices.

Allawi said: "This will help the flow of liquidity significantly, in addition to other measures that would help stabilize the situation."

And Iraqi Finance Minister Ali Allawi began last Friday, a Gulf tour, in an effort to secure amounts that the country avoids paying the salaries of millions of employees in the wake of the collapse of crude oil prices. Allawi met the Saudi finance, energy and foreign ministers in Riyadh, and appealed to them "for urgent financial support to Iraq so that the government can fulfill its promises to its employees," and he also met with a number of officials in Kuwait and the UAE.

Iraq may have avoided a major outbreak of the coronavirus, recording only 150 deaths, but it faces an economic crisis as the epidemic increases the demand for oil, whose revenues account for 90% of the state’s budget.

Allawi pointed out that Iraq is seeking to revive the proposed Saudi investments in the sectors of electricity, communications and agriculture, and to eliminate bureaucratic obstacles to commercial projects, adding that while Baghdad did not request budget support in the short term from Riyadh, it might do so within three or four months. He explained: "We are now under severe financial pressure, and this generates a review of some of the original options that we have taken or that have been imposed on us because of the circumstances over the past 17 years."

For its part, the official Kuwaiti News Agency reported that Allawi delivered a message from Iraqi Prime Minister Mustafa Al-Kazemi on supporting bilateral relations, while the Saudi Ministry of Finance stated on Twitter that discussions between the two sides focused on trade and investment.

According to the newspaper, the kingdom and the Emirates called on Iraq to end Iran, which has increased its influence over Iraqi politics since 2003. Allawi stressed that the shift in regional relations will not be a turning point or come at the expense of other allies, but it is likely to be accompanied by political amendments. He said: "It does not open a whole new chapter, but it is hoped that different pages will be opened in this chapter."

The Iraqi Finance Ministry also denied borrowing $ 3 billion from Saudi Arabia during the visit of its Minister Ali Allawi to Riyadh, noting that if the proposed Saudi projects are completed, its capital may reach this number or more.   LINK

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

Samson:  Efforts to recover Saddam Hussein's money seized by the finance .. and to reveal a document in his handwriting to pay 35 billion dollars!

25th May 2020

Member of the Parliamentary Finance Committee, Faisal Al-Issawi, confirmed on Sunday that the funds of the former regime Saddam Hussein are seized and frozen in foreign banks do not exceed one billion dollars and there are serious moves to recover them. Al-Issawi said, "There are cases filed with international courts in order to lift the seizure of Iraqi money abroad and recover it.

He added that "the amounts are not large and they do not reach one billion dollars in all cases, but there are also real estate reservations, if the problem was solved it would be sold and benefit from the amounts. And that there are clear mechanisms to follow up on this file, by the Ministry of Finance, and the Ministry of Foreign Affairs is doing its part with the recovery department, to recover that money.

Pointing out that "the matter may be delayed, but really there are serious negotiations with the state in which the money is being seized to solve the problem." He pointed out that "Prime Minister Mustafa Al-Kazemi has experience in this file, given that the intelligence department is one of the active departments in this matter, it can be used in addition to his good relations to recover the money."

A document revealed the handwriting of former President Saddam Hussein stating that Iraq had loaned to some non-Arab African countries and showed a letter dating back to one thousand nine hundred and eighty five and that is Saddam Hussein's handwriting.

Addressed and addressed to the Ministry of Finance, it is requested to form a committee to review the recovery of Iraq's debts owed by non-Arab African countries, and the committee shall be composed of the ministries of finance and oil and the central bank. And this message spread after the Iraqi government tried to borrow from some Arab countries, especially the Kingdom of Saudi Arabia.

Where reports and members of the Parliamentary Finance Committee said that the Minister of Finance asked the Kingdom of Saudi Arabia to lend Iraq three billion dollars to cover the budget shortfall. He will also go to Kuwait to ask for borrowing and support as well.   LINK

Samson:  Al-Kazemi receives an invitation to visit Moscow .. Putin is looking for huge investments

25th May 2020   

 Iraqi Prime Minister Mustafa Al-Kazemi Iraqi Prime Minister Mustafa Al-Kazemi received on Monday an invitation from Russian President Vladimir Putin to visit Moscow, while the latter expressed his country's aspiration to double Russian investment in Iraq

This came in a telephone conversation between the two sides, according to a statement issued by the Iraqi government

The statement stated that Putin and Al-Kazemi discussed "strengthening relations and conditions in the region, low oil prices and effects, the OPEC agreement, the Corona pandemic, and the security situation in Iraq and Syria

The statement quoted the Russian President as his country's aspiration "to develop bilateral relations between Russia and Iraq and their importance in all fields, economic, commercial, and energy, and to increase the volume of investments to more than they are now, as well as in the field of electric energy

Al-Kazimi stressed, "The government's interest in strengthening cooperation with Russia, inviting Russian companies to come to Iraq and   invest in all fields, and working to overcome difficulties before these companies because of their positive repercussions on Iraq and in the relations between the two countries

According to the statement, Putin extended an invitation to Al-Kazemi to visit Moscow, and Al-Kazemi also sent a similar invitation to Putin to visit Baghdad  LINK

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

Don961:  Negative interest rates What is their purpose and what does it mean to you?

- One Day Has Passed

The Governor of the Bank of England confirmed this week that the bank is considering making its main interest rate negative for the first time in its history of 326 years, and it is far from inevitable, and many analysts still believe it is unlikely. But what is the purpose of it? What would the negative rates of financial condition mean for ordinary people if applied?

What did the governor say?

Andrew Bayley, during a hearing before the House of Commons Finance Committee last Wednesday, said negative rates were under "active review" by the central bank. "We look very carefully at the experience of central banks that used negative rates," he added.

What is the goal?

The basic logic behind making interest rates negative on the one hand, and behind the reduction in rates in natural times on the other hand is the same, and is to encourage the borrowing and spending of families and companies in various economic sectors.

If a reduction in rates from four percent to two percent stimulates the economy, it should do a reduction from zero percent to a negative two percent the same. There is a clear problem with the step in the current circumstances, because most people and institutions are still not able to actually spend as they do, due to the current closure.
However, some argue that negative rates will be beneficial later this year when the UK eases and the spread of monetary stimulus across the economy becomes possible.

Will the move succeed?

The Danish central bank made its interest rate negative in 2012, followed by the European Central Bank two years later and the Bank of Japan in 2016. The overall economic results in the eurozone and Japan were not surprising, although supporters of the move said performance would have been poor without them.

Research indicates that negative rates are counterproductive, as they harm the profitability of private commercial banks (such as "Lloyds", "Royal Bank of Scotland" and "Barclays"), and push them to reduce credit rather than expand it.

In recent years the Bank of England has always rejected proposals to make rates negative, claiming that it harms the profitability of private banks and building societies, but it is fair to say that economic evidence is a point of contention among economic professionals.

What will ordinary savers feel?

Negative rates mean that a fee will be levied on bank deposits with the central bank (rather than paying interest on them) in order to encourage banks to lend these funds to the wider economy. In theory, commercial banks can transfer some of the costs of these negative rates to the ordinary depositors, which means that people will not get interest on their savings, but rather pay a fee, and this is what happened to the big depositors at JSC Bank in Denmark.

However, most of the evidence from Europe and Japan indicates that commercial banks are not doing this, perhaps for fear that their clients may withdraw their money from them, and instead keep them in their homes in cash in safes or under the mattress.

Some economists already indicate that negative rates will not be fully effective until the abolition of material cash and ending the option of people withdrawing from the banking system.

What about borrowers?

Because negative reference rates are prevalent in private banks, these banks have the power to decide about their delivery to borrowers and how they can be delivered if this actually happens. This means that you are unlikely to give a discount on the current mortgages of borrowers.

JSC last year had already revealed a ten-year plan for negative interest rates on mortgages, but the fees it imposed resulted in people not actually getting any money for borrowing.

However, negative rates will encourage banks to make more mortgages for people compared to positive rates. It can also lower the interest rate charged on any new credit advanced.

Bin Chu

Independent Arabic   link

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Monday Afternoon 5-25-2020

.Patriot Intel Report:

PIR 05 25 20

Welcome to the Storm……We expect the Perfect Storm to last until June 21.

Be on the lookout. We are expecting this “global Black Swan Event “to turn into something more evident. We are seeing the takedown of the old system. The “Plandemic” was quite a blow to the economy but that is A-ok.

Why would I say that? Because before you bring in the new, you have to take out the old. We will all get through this and the world will be stronger on the other side. We will have a new economic system.

Patriot Intel Report:

PIR 05 25 20

Welcome to the Storm……We expect the Perfect Storm to last until June 21.

Be on the lookout. We are expecting this “global Black Swan Event “to turn into something more evident. We are seeing the takedown of the old system. The “Plandemic” was quite a blow to the economy but that is A-ok.

Why would I say that? Because before you bring in the new, you have to take out the old. We will all get through this and the world will be stronger on the other side. We will have a new economic system.

In the Us there is more stimulus coming. I believe it will be more than people realize.   They will burn it up before they change it out. President Trump and the White Hats are going to use the death of the old system to help people in a big way before the new system is switched over. And that could be at any time.

So be on the lookout. . I think people are going to be surprised.

https://youtu.be/udmspC-d-6A?t=2

Courtesy of Dinar Guru

Frank26  ...at any time this could happen.  Don't be looking for no date.  No specific time of the year.  I don't care what everybody's telling you.  At any time it could happen because it's an accounting process.  It's all about the numbers...they tested this...they tested it in the markets - successfully.  Their exchange rate was tested - successfullyWhat do you meanThe auctions, they shut it down and they've maintained their exchange rate... - successfully.  They proved themselves.  They proved themselves to be worthy to go international - to have the value to their currency lifted by the Fab 4.  Therefor they are a go.  They are ready to go...

Frank26   ...in Iraq their currency is now going to play fairly because they added value IMO and they stopped using the auctions and they stopped using the American Dollar...Trump said lessen your dependence on our American dollar and they did...Iran was siphoning all the money we were sending to them through the Iraqi auctions and it was supplying terrorism...they're [Iraq] getting the last parts of the monetary reform done.  Trump and the Fab 4 said that that's enough time wasted.  Move on it.  Do it...at any moment it could happen suddenly...it's an accounting process.  It's all about the numbers. 

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

Watch What Wall Street Does - IMPORTANT NEWS

Pimpy’s Investment Chat:  May 25, 2020

https://youtu.be/49ACQ_77yZI?t=5

TNT:

MOT:  Armed Forces Medley: 2014 National Memorial Day Concert *

https://youtu.be/MoNj8qsptjA?t=2

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