Tuesday, November 21, 2023
"RV UPDATE" BY CLARE, 22 NOV
Clare
Article: "An upcoming meeting between the Iraqi Central Bank and the US Treasury next week”
Quote "...new meeting between Iraq and the United States of America regarding the dollar...On (last September 19) in New York, Iraqi Prime Minister Muhammad Shia al-Sudani informed the US Treasury Under Secretary of the expansion of his government’s work in reducing money laundering operations, while the latter indicated that the confidence of global financial institutions had been restored."
Article: "Iraqi Banks Association: The dollar will fall to the rate of 1,400 dinars... and the date is expected" Quote: " The advisor to the Iraqi Banks Association, Samir Al-Nusairi, expected dollar prices to fall to 1,400 dinars during the first quarter of next year."
Article Written by: Baqir Jabr Al-Zubaidi - former Minister of Finance "The ongoing dollar crisis"
Quote: "The dollar crisis is a policy crisis of the continued American threat of sanctions, accompanied by the continued bleeding of the currency by private banks that are protected by some influential people, and this conflict is paid for by the citizen...
Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar."
Iraq Prepares Plans to Process Imported Gas at Al Faw, 22 nov
Iraq Prepares Plans to Process Imported Gas at Al Faw
The Prime Minister’s Media Office has released a statement stating that the project is an important strategic initiative for Iraq to diversify the country’s gas sources for power generation. The project is planned to be located within the port area.
During the meeting, the Prime Minister directed the formation of a specialized committee tasked with preparing a comprehensive vision within two weeks to advance the platform project.
To expand the scope of banks supported by the Central Bank…the Chambers of Commerce announces an initiative, 22 nov
To expand the scope of banks supported by the Central Bank…the Chambers of Commerce announces an initiative, 22 nov
On Tuesday, the Federation of Chambers of Commerce announced the expansion of banks supported by the Central Bank. Fifteen banks now deal in Chinese yuan and UAE dirham.
Abdul Razzaq Al-Zuhairi, the President of the Federation, praised the Federation of Chambers of Commerce for its initiative to expand the scope of banks supported by the Central Bank. As a result, these banks can now operate as correspondent banks with international banks, which is a positive development.
Al-Zuhairi stated that five banks were initially supported, but now the number has increased to 10. Additionally, there are about 13 banks that deal in the Chinese yuan and two banks that deal in the UAE dirham. He called on banks to modernize and seek out partnerships with major international banks.
The Central Bank of Iraq has finalized arrangements to strengthen five Iraqi banks with the UAE dirham.
A reliable source at the bank has disclosed that the Central Bank has reached an agreement with Turkish banks to create accounts for Iraqi banks, with the purpose of facilitating external transfers in the euro currency. The same source also mentioned that the accounts of 13 Chinese banks have been reinforced.
Two banks have strengthened their accounts in Indian rupees with the Development Bank of Singapore, and others will soon follow.
"RV UPDATE" BY MARKZ, 21 NOV
MarkZ
Question: What is the difference between and RV and an RI? ...RI means they are re-instating the old value. An RV is revaluing at something different than the old value. Either one will be great for us. If they re-Instate it – I believe the rate was $3 something…maybe $3.30 or so…. Even with a re-instatement they are able to add more for inflation which could put it in the $4 dollar range. That is the basics.
I have a great bank story to share with you guys. I will leave her name out for anonymity: “Went to a JP Morgan Chase bank today. The teller confirmed that they are in training and admitted they are changing their systems. There was a 13 foot pillar advertisement – a LED screen that was saying “Foreign Currency Exchange” And admittedwhat you [MarkZ] and the others like Frank...others tell us. We were smiling a lot after that bank visit today."
Representatives Warn: The Scarcity Of The Dollar Causes Iraqis Working In Foreign Companies To Lose 20% Of The Value Of Their Salary, 21 nov
Representatives Warn: The Scarcity Of The Dollar Causes Iraqis Working In Foreign Companies To Lose 20% Of The Value Of Their Salary, 21 nov
November 20, 2023 Baghdad/Al-Masala Al-Hadath: Representative Mustafa Sanad revealed a strange reason that exacerbated the problem of dollar scarcity in local markets, and caused a loss of 20% of the salaries of Iraqis working in foreign companies.
Sanad said that the Prime Minister’s Office gave an exception to Daewoo to receive their share of the dollar in full and through (Abu Dhabi Islamic Bank), and therefore the Central Bank, Basra Branch, was directed to distribute most of the cash dollar (cash) to this company for nearly three months.
He added that this measure caused the scarcity of dollars for the rest of the local companies and contractors and their loss of 20% of their dues because the receipt was in Iraqi dollars and at the official rate. The same applies to Iraqis working for foreign companies who were receiving their salaries in dollars and now in Iraqi dollars and at the official rate, which caused their salaries to decrease by 20%.
He pointed out that a question was directed to the Central Bank about the reasons for this unfair dealing. https://almasalah.com/archives/73798
The Dollar In Iraq.. Baghdad Is Planning “Permanent Solutions” With Washington, And Parliament Describes The Dialogues As “Successful”, 21 nov
The Dollar In Iraq.. Baghdad Is Planning “Permanent Solutions” With Washington, And Parliament Describes The Dialogues As “Successful”, 21 nov
Politics/Economy |Baghdad today - Baghdad The Finance Committee in the House of Representatives said today, Tuesday (November 21, 2023), that the dialogues taking place between the Central Bank of Iraq and the US Department of the Treasury are very important to find solutions to the dollar crisis in Iraq.
Committee member Moeen Al-Kazemi told Baghdad Today, “The monetary and financial authority in Iraq is making great efforts through negotiation and dialogue with the US Treasury Department in order to find quick and lasting solutions to the dollar crisis, and these dialogues are very important.”
Al-Kadhimi stated, "Over the past few days, Iraq has reached important solutions with the American side, and the dialogues have been successful. Therefore, new meetings must be held to present more solutions that strengthen the Iraqi dinar, prevent any scarcity of the dollar in Iraq, and support the Iraqi banking sector."
Yesterday, Monday (November 20, 2023), an informed source reported an expected meeting between the Central Bank of Iraq and the US Treasury Department next week.
Government sources recently spoke about an agreement concluded between the Central Bank of Iraq and the American side, which resulted in an increase in the number of banks that can directly enhance their balance in dollars to 10 banks, 5 of which are through Citibank, and the other five are through Bank G. B. Morgan), according to the Iraqi News Agency.
He also revealed that the number of Iraqi banks whose balances in Chinese yuan will be strengthened through the Singapore Development Bank has increased to 13 banks, while the number of banks whose accounts in Indian rupees with the Singapore Development Bank have been strengthened is 2, and other banks will be added during the next two weeks.
Other meetings were held that brought together an Emirati bank, the Central Bank of Iraq, and the American side, to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks, where all the technical details were resolved, and it is expected that the mechanism for enhancing balances in the Emirati dirham will begin during the next few days. LINK
"THE SAGA OF THE IQD RV" BY MNT GOAT, 21 NOV
THE NEWSLETTER IS THE ALTERNATIVE TO ALL THE HYPE AND BULLSHIT OUT THERE ABOUT THE RV. WE DEAL IN FACTS ONLY, NO SPECULATION AND HYPE. IN FACT, MY EFFORTS HAVE CONTRIBUTED TO MANY OF THESE INTEL GURUS REALIZING THEIR MISTAKES AND ATTEMPTS TO CLEAN UP THEIR BULLSHIT.
The saga about the Iraqi dinar RV only gets better and better as the months roll on. Folks, we are almost done with this long journey. More and more pieces of the puzzle are put in place over these past weeks. We can now see the picture and see it clearly. It has become not a matter of “if” this event will occur but “when”. Iraq has given us further nuggets of information to speculate but with pretty good evidence that our speculative conclusions maybe spot on.
So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate it’s own currency? Why do I say “now is the time”?
- We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such?
- We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it. They are tired of being bullied by the U.S. with their own money.
- We know they have plans for yet more Sovereign Funds to invest their reserves.
- We know they are making agreements now for “currency swaps” and will no longer be using any US dollars in Iraq as of January 1st 2024.
- We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry?
- We know the value of the IQD right now without any further economic development does exceed even pre-1991 era ($3.22) but still at 1/6 of a penny?
- We know Iraq now pumps 2/3 more oil than in pre-1991 era.
- We know Iraq also has announced 132+ tons of GOLD reserves.
- We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
- We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
- Finally, we know, the CBI has told us that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year.
Let me explain to you in today’s Newsletter what their next target is
ref: 2011 Dr Shabibi plan
Just be patient, the reinstatement is coming and I firmly believe with what we now are 99% sure it is going to be a January 2024 event. WOW! Finally!!! 😊
BY
MNT GOAT
Parliamentarians Demand Real Solutions To The Dollar Crisis, 21 NOV
Parliamentarians Demand Real Solutions To The Dollar Crisis
Iraq 11/21/2023 Baghdad: Shaima Rashid Members of the House of Representatives believe that there are various reasons behind the rise in the dollar exchange rate, between the smuggling of currency outside the country and the government’s lack of control over the situation and control of the borders, in addition to the lack of real and realistic solutions in this regard. On the other hand, the victim of all this matter is The poor citizen who is no longer able to meet his needs with the daily rise in prices due to the rise in the dollar.
Member of the House of Representatives, Fatima Al-Qara Ghouli, said in an interview with “Al-Sabah”: “The victim of the current economic crisis is primarily the poor Iraqi citizen,” indicating that “everyone knows the reason for it is the smuggling of currency outside Iraq, and that because of this matter, the US Federal Bank has determined The sale of the dollar should be through the electronic platform in order to control all these obstacles, and in order to stop the smuggling of the dollar outside Iraq.”
She added, "This issue needs a clear financial policy and strategy in order to limit the issues that caused this crisis, in which the Iraqi citizen was a victim," indicating that "with the start of the next legislative term, a session will be held in this regard in order to develop solutions and consult with the Central Bank and the Ministry of Finance."
Finance, and the session will be in the presence of the Governor of the Central Bank,” and she continued: “The timing of the session is still under study, as the issue is important and has caused a stifling crisis without there being solutions.”
In addition, Member of Parliament Haider Al-Salami criticized what he described as “the government’s lack of control over the exchange rate,” and pointed out in an interview with “Al-Sabah” that “there is no real treatment for the crisis, as it must start from the border because currency smuggling and selling Millions of dollars starts from there.”
Al-Salami called on the Prime Minister to address the details of the dollar crisis in a real manner by changing the officials and those concerned with this file, indicating that “we must be frank with regard to this file, because there are partisan interventions in it that make the government unable to solve it.” https://alsabaah.iq/87634-.html
The Foreign Ministry Complains About The Role Of The American Ambassador In The “Dollar Crisis”: Her Reports Are Different, 21 NOV
The Foreign Ministry Complains About The Role Of The American Ambassador In The “Dollar Crisis”: Her Reports Are Different
Politics |Baghdad today – Baghdad The Foreign Relations Committee in the House of Representatives said today, Tuesday (November 21, 2023), that US Ambassador Alina Romanowski did not play any positive role in supporting and strengthening the Iraqi dinar and resolving the dollar crisis that Iraq is witnessing due to American decisions.
Committee member Representative Amer Al-Fayez said in an interview with “Baghdad Today” that “the American ambassador supports her country’s decisions against Iraq regarding the dollar crisis, and she did not have a positive role in supporting the Iraqi dinar.”
He continued, "The American embassy in Baghdad submits reports to the American administration with various information, whether at the economic, political, or even security levels, and as a result of those reports, Washington takes some decisions, but we do not know anything about the American reports that are sent from Baghdad to Washington, except that... It is certain that there are many unreal issues.”
Yesterday, Monday (November 20, 2023), an informed source reported an expected meeting between the Central Bank of Iraq and the US Treasury Department next week.
Government sources recently spoke about an agreement concluded between the Central Bank of Iraq and the American side, which resulted in an increase in the number of banks that can directly enhance their balance in dollars to 10 banks, 5 of which are through Citibank, and the other five are through Bank G. B. Morgan), according to the Iraqi News Agency.
He also revealed that the number of Iraqi banks whose balances in Chinese yuan will be strengthened through the Singapore Development Bank has increased to 13 banks, while the number of banks whose accounts in Indian rupees with the Singapore Development Bank have been strengthened is 2, and other banks will be added during the next two weeks.
Other meetings were held that brought together an Emirati bank, the Central Bank of Iraq, and the American side, to implement the mechanism for enhancing balances in the Emirati dirham for Iraqi banks, where all the technical details were resolved, and it is expected that the mechanism for enhancing balances in the Emirati dirham will begin during the next few days. LINK
"RV UPDATE" BY FRANK26, 21 NOV
Frank26
Two months ago a quick little pip movement took the exchange rate of the Iraqi dinar from 1460 to 1320...They were supposed to make the next step.
I told you at that time, 'Now that they've made this movement, let's say 1320 to 1, the next one will be 1,000 to 1 and when they do they will be in position to lift the three zeros and float the currency in a basket...'
Article quote: "Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar." What?!?
Word for word of what we taught you...This is the last step. IMO the CBI is going to be going to the US Treasury next week...This is exactly what we want next.
Question: " What if you lost your receipt for your dinar?"
Try to get ahold of the individual you bought it from. If they have records...maybe they might help you. My broker does not...If you lost it. Oh, dear. That can be a problem financially for you because you want to hold your currency for one year...
Because...your [tax] bracket is whatever the
government says but if you don't have a receipt or if you don't hold it for a year and you go exchange...that's a different tax bracket. They're going to really bite you hard. It's the difference between 40% tax and 20% tax...[NOTE: Consult your tax professionals at the appropriate time to determinate proper tax for your unique circumstances]
The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins... All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it. They are preparing [Iraqi citizens]. This is the monetary reform at its highest point...
Rashid from Baku: Iraq today enjoys distinguished international relations and is a fertile environment for investment, 21 NOV
Rashid from Baku: Iraq today enjoys distinguished international relations and is a fertile environment for investment
Today, Tuesday, the President of the Republic, Abdul Latif Jamal Rashid, visited the Iraqi embassy in the Azerbaijani capital, Baku, and met with its staff.
President Rashid stressed during his speech, according to a presidential statement, a copy of which {Al-Furat News} received, that "one of the priorities of Iraq's diplomatic missions is to convey the true picture of the new Iraq and the extent of the clear improvement in the security, political and economic aspects."
He also stressed the importance of the embassy working to encourage investment companies in Azerbaijan to work in Iraq in the investment, economic and tourism fields.
The President of the Republic pointed out that "Iraq today enjoys distinguished relations with all countries of the world at various levels and is a fertile and suitable environment for investment in various sectors."
In turn, the staff of the Iraqi embassy expressed their thanks and appreciation to the President of the Republic for his valuable directives, stressing their continued hard work and development to achieve the highest interests of the country. link
Parliamentary calls to expand the “currency basket” to escape the consequences of the dollar, 21 NOV
Parliamentary calls to expand the “currency basket” to escape the consequences of the dollar
Representative Salem Al-Anbuki stressed, on Tuesday, Iraq’s need to increase the size of the financial basket of foreign currencies other than the dollar to end American hegemony.
Al-Anbuki said in an interview with Al-Maalouma, “The restrictions on the circulation of the dollar in Iraq have created recurring economic crises, especially since Washington uses it from time to time as a pressure card, not in the country but in other countries, which increases the burden on the markets and led to the emergence of the parallel market that is behind the increase in burdens.” Finance on millions of Iraqis.
He added, "Iraq has realized the importance of creating a basket of other currencies besides the dollar to get rid of its restrictions, especially since it has large trade with countries such as China and India, which gives high flexibility in providing the funds necessary for imports without going through the complexities of transferring the dollar."
He pointed out that "many countries, some of which are oil-based, have begun to diversify the currencies in their financial reserves in order to provide greater flexibility in providing funds for import purposes away from the restrictions of the dollar."
The US Treasury created crises inside the country because of its restrictions on the transfer of the dollar to Baghdad and the imposition of sanctions on some banks. link
Coffee with MarkZ. 11/21/2023
Iraq should stay away from Gaza conflict, says PM Barzani, 21 nov
Iraq should stay away from Gaza conflict, says PM Barzani
ERBIL (Kurdistan 24) – Battered by enough issues at home, Iraq should stay away from the ongoing conflict in Gaza, the Kurdistan Region Prime Minister Masrour Barzani said on Tuesday at the MEPS23 Forum in Duhok.
Barzani took part in a special conversation with Ms Maryam Moshiri of the BBC at the Middle East Peace and Security Forum, where wide-ranging topics regarding Erbil-Baghdad issues, ongoing Hamas-Israel war in Gaza, domestic Kurdish politics, and Kurdistan Regional Government (KRG) reform programs, were highlighted.
Addressing the bloody battles in the Gaza Strip, where already more than 13,000 people have been killed and the risk of a regional escalation from the conflict is believed to be imminent; Barzani said “Iraq should stay away from the conflict,” as Baghdad has enough issues to deal with.
The premier denounced the war and slammed any efforts to resolve problems through violence, as the latter “cannot even be a way” for conflict resolution.
In his address on the first day of the forum on Monday, Barzani similarly highlighted the conflict and reminded the audience that the Kurds are also entitled to self-determination rights, as the two-solution has been touted as the key solution for the Israel-Palestine conflict.
“Kurds have also demanded the same rights and dignities, yet our cause has often been forsaken. How do you reconcile resounding support for one just cause and deafening silence for another?” the premier said in the speech.
KRG reforms
In another part of the conversation, Barzani highlighted his cabinet's reforms in various sectors, particularly in the banking and digitalization of public services.
MyAccount initiative, a financial inclusion program that the KRG is currently rolling out, to digitalize the payment system of public employees, will include more than a million public servants by the end of 2024, Barzani said.
Hundreds of thousands of employees in Erbil province are now owning a bank card through the program. The initiative will begin in Duhok and Sulaimani this month, the premier added.
About 1,000 ATMs will be installed over the coming years along with 40,000 payment terminals, according to the premier.
Fighting corruption has also been an integral part of the cabinet since its inception in July 2019, Barzani said, adding his strategy in the fight against corruption is to "stop" it.
"There are individuals who must be held accountable for their bad deeds," he said, adding his cabinet is "on the right track" in fighting the issue.
Climate change
The Kurdistan Region is similarly faced with the adverse effects of climate change in the Middle East, the official said, adding the issue is a source of concern for him personally.
Fighting climate change effects, which have the potential to lead to migration, requires collective efforts, according to Barzani, saying the threats from the issue are "serious" and can be witnessed currently.
He also urged the public to take the threats from climate change seriously.
Youth and Employment
With regard to the young Kurdish population, Barzani said the government has been working to create more opportunities for its youth, particularly with regard to job creation.
Laws have been amended in order to create opportunities for the youth, he said, highlighting the Bloom Project that his government has recently launched to provide financial support for small and medium projects in the region.
In response to a question about the lack of job opportunities in the Kurdistan Region, Barzani said hundreds of thousands of foreign workers are currently working in the Kurdish region.
The government is also working on an innovation center that will help the youth to foster their ideas, he said.
Diversity
"I'm personally not very much fond of the word minorities because we've paid a heavy price for being a minority and we've always been looked down upon," Barzani said, adding the region's citizens "all enjoy the same rights," and the government does not favor a particular group.
"It’s not about the majority and minority, it’s about the diversity of communities, religions, and ethnicities," he added.
"Everybody is equal in Kurdistan," Barzani said.
The Kurdistan Region has hosted over two million IDPs and refugees since 2014 as a result of the Syrian civil war and the emergence of ISIS.
"That speaks volumes about where Kurdistan stands on the rights of different communities," he said.
International oil companies
Barzani said the Kurdistan Region does not only defend its constitutional rights in Baghdad, rather it defends the rights of its partners as well, including the international oil companies that have invested in the Kurdistan Region's oil fields.
He said the Kurdish region will continue defending its rights and will not give them up "to please anyone."
'Wrong timing'
Regarding the latest Iraqi Federal Supreme Court decision that had removed the membership of the Iraqi speaker of parliament, Barzani said the timing of the verdict was "wrong".
He said the Sunni representatives must be respected, as they are an integral part of the Iraqi political process.
https://www.kurdistan24.net/en/story/33213-Iraq-should-stay-away-from-Gaza-conflict,-says-PM-Barzani
Iraq’s President Concludes Diplomatic Visit to Azerbaijan, Set for Armenia, 21 nov
Iraq’s President Concludes Diplomatic Visit to Azerbaijan, Set for Armenia
President Abdullatif Jamal Rashid of Iraq concluded his diplomatic visit to Azerbaijan on November 21, marking a significant step in the continued strengthening of ties between the two nations. The official departure ceremony held at Heydar Aliyev International Airport, with a guard of honour lined up to see him off, underscored the importance of the visit.
Press Statements and Future Cooperation
Following the visit, both President of Azerbaijan Ilham Aliyev and President Abdullatif Rashid made press statements, discussing various facets of the bilateral agenda and outlining key directions for future cooperation. President Aliyev expressed his belief that President Rashid’s visit would bolster the friendly relations between Azerbaijan and Iraq, opening a new chapter of cooperation.
Call for Peace and Solidarity
In the Azerbaijani capital Baku, President Rashid voiced his hopes for a successful peace treaty between Azerbaijan and Armenia. This sentiment signals Iraq’s support for stability in the region and underscores the potential role of diplomacy in resolving conflicts. Furthermore, both leaders discussed their mutual support in international institutions and solidarity within different global organizations.
Strengthening Bilateral Relations
Emphasizing the historical significance of the visit, President Aliyev reiterated his commitment to further enhancing the relations between the two countries. President Rashid echoed this sentiment, expressing his determination to strengthen bilateral ties and readiness to sign memorandums of understanding between Iraq and Azerbaijan. Such declarations reflect a shared ambition for a long-term, mutually beneficial partnership.
EVENING UPDATE WITH MARKZ ( ENGLISH & SPANISH), 21 NOV
Monday November 20, 2023
Mark Zee: Says
Monday afternoon
— Member: Good Monday night everyone.
Member: MarkZ, ready to have you walking through the streets yelling, 'The RV is coming!'
MZ: I have a great banking story to share with you. I will leave his name to maintain anonymity: “Today I went to a JP Morgan Chase bank. The cashier confirmed that they are in training and admitted that they are changing their systems. There was an advertisement on a 13 foot pillar, an LED screen that said “Foreign Currency Exchange” and admitted what you and others like Frank, Bob and others tell us. We smiled a lot after today's bank visit.
MZ: In Iraq they are talking about how de-dollarization is working... and now that they have opened banks that use other currencies... it has greatly reduced their dependence on the US dollar. And they are seeing the dinar rate rise against the US dollar. I was told that as soon as the parallel/black market rate reaches the official rate... then the big change in value. They need to stabilize rates before they can change them.
Member” Nader made a short video today… They are working on modern banking updates and improvements. Lots of modernization
Member: TNT Tony said a rate of $4.81 for us today
Member: Frank 26 in shiny gold suit today.
MZ: “Citigroup begins layoffs as Wall Street prepares for a difficult end to 2023”
MZ: “IMF Releases Digital Currency Manual for World’s Central Banks” This one is going to surprise almost everyone… It's not specifically about the creepy, evil CBDCs… but it's about blockchain and blockchain-backed currency. assets. These currencies can wean the world from dependence on the US dollar. They have a manual for countries to create their own sovereign digital currency.
MZ: This is the IMF throwing the United States under the bus... showing the world how they can de-dollarize... this piece is huge. Financial markets around the world should be erupting. Right now.
MZ: This is in Forbes: "US Dollar Collapse 'Accelerates' 33.7 Trillion Shocks, Fed Inflation Warning, and Makes 'Bullish' Case for Rising Bitcoin, Ethereum, XRP and Crypto Prices" These They are alternatives to the US dollar……. .Loudly they say that the dollar is collapsing and accelerating.
MZ: “The de-dollarization of Russia and China is almost complete” About 95% of transactions are now settled in their national currencies.
MZ: “Egypt and India completely abandon the dollar”
MZ: “Sri Lanka central bank to adopt floating interest rate and report on foreign reserve collection” This means they are decoupling… They are ready for the markets to decide their value.
Member: Argentina just eliminated the income tax
MZ: “Morgan Stanley CEO says his company is ready for the end of Basel III: the radical new global rules on banking”
MZ: “Texas has the answer = Imagine a gold-based Texas currency that you can spend that keeps up with inflation and for every dollar you spend is physically returned in gold…”
Member: I feel like things are moving pretty quickly. Thank God
Member: We are so close to the RV that we can see and smell it... but I want to touch it, please.
Member: Restore happiness to the desperate, bring love to the lonely, food to the hungry, and peace to this wounded world. In the Name of Jesus I ask you, Amen!
Member: Rest well and sleep soundly…Blessings and peace.
_________________________________
TRANSLATION IN SPANISH:
Lunes 20 Noviembre 2023
