Tuesday, July 4, 2023
JUDY NOTE, 4 JULY
Judy Note:
- On Sat. 1 July the gold/asset-backed Quantum Financial System activated Worldwide, while by August the Deep State’s Federal Reserve would try to release FedNow – their Great Reset Fiat Digital Currency Web of Control and Surveillance over The People.
Global Currency Revaluation:
- On Fri. June 30 2023 the US Federal Reserve and US Treasury, unable to pay the Global Repository back quadrillions owed, was asked to hand over all their assets.
- On Sat. 1 July International Financial Markets transformed into a digital asset-based economy. The new Quantum Financial System interfaced in computers around the World to coordinate currency transactions through International Payment System ISO 20022.
- After the EID holiday ended on Sat. 1 July the Kingpin of the Global Currency Reset, the new Iraqi Dinar Rate was implemented into the Iraqi Budget.
- Also on Sat. 1 July the fiat US Dollar transferred into a gold/asset-backed US Note.
- On Sun. 2 July about 5 pm EST the Dinar Rate on the Forex went public. A live Foreign Currency Converter showed the new Dinar Rate was slowly climbing upward in value:1,000,000 IQD to USD – Iraqi Dinars to US Dollars Exchange Rate (xe.com)
- Khan Baba: Iraqi Dinar $4.86 International Rate: https://dinardetectives.com/khan-baba-111/
- On Mon. 3 July the US economy was set to implode as SOFR, Libor and many nations dumped their US Treasuries.
- On Tues. 4 July the Quantum Financial System would be fully integrated worldwide. Tier4b (us, the Internet Group) was expected to be notified to set exchange and redemption appointments according to Bruce.
- Wed. 5 July was the first day Tier 4b (us, the Internet Group) could go in for exchanges according to Bruce.
- Former BlackRock employee: “The global fiat currencies are about to fail! If this collapse is imminent, it just means one thing from my perspective. The RV is right around the corner. RV stands for the revaluation of the current currencies. This is the birthing of a new financial system on the horizon. The new currency will be backed by gold. No more inflations and no more making money from thin air. I can’t wait for this to happen. What an exciting time to be living in.”
DINARLAND UPDATE, 4 JULY
MarkZ
...everyone is sitting at the ready…and the anticipation on the banking side as of yesterday they are still expecting some kind of announcement this week…they don’t know what that means as to when we go in…but, they have anticipation. We all hope it is accurate. …I think its highly “doable” and reasonable we see anFrank26 (KTFA)
All of you that are going to exchange your dinars into American dollars, where are those dinars going? Into our U.S. Treasury. You think we can pay off the deficit? Yeah in a blink of an eye…Question:
“We’re gonna see the 800 number soon Frank?”
There is no 800 number…you want an 800 number? Take your credit cared, turn it around…there’s the 800 number for your bank.
Pimpy
In the 1930’s…You used to be able to get $4.86 for every Iraqi dinar you had. This continued on up until…1950’s. Then all of a sudden the value started to go down for decades. Once you got to about 1971…$2.80…Then it went back up…$3.22…Then in 1973…$3.39. This continued to about 1980…and has been in a steady decline ever since…
I agree it would be nice if they had a stronger currency. I think it’d be more helpful. They just don’t have the right things in place in order for them to jump up to a high exchange rate. That’s why I said you’re going to see them doing it in increments. It’s impossible for them to jump right into $3.22…All it takes is one small thing to happen within the oil market and it would totally collapse the entire economy.
There’s some squabbling going on who’s going to control the Iraq exchange rate that’s been going on in the parallel market…they have to change some things because it hasn’t been quite working …What would cure the parallel market is obvious to everybody. It’s an exchange rate change. Something significantly stronger than the dollar would clear it up…They’ve said yesterday the situation has become more urgent to adopt new approaches that focus on blocking illegal channels and providing the facilities and flexibility required for legitimate currency trading markets.
We expect the dinar to rise gradually as a result of the success and growth of their economy as a result of the private sector investment and the increase in their own GDP Iraq would make the dinar the main currency in Iraq which they’re beginning to do. They need to continue this transition to the digital dinar…
Monday, July 3, 2023
"RV UPDATE" BY TEXAS SNAKE, (SPANISH & ENGLISH) , 3 JULY
Lunes 03 Julio 2023
"IRAQ'S ECONOMIC ABILITY TO RV THE IQD IS IMPOSSIBLE TODAY" BY AWAKE-IN-3D, 3 JULY
Iraq’s Economic Ability to RV their Currency is Impossible Today
On July 3, 2023 By Awake-In-3D
We are told that Iraq is ready to RV, almost daily, out there in Dinar Land. Yet, when we examine Iraq’s current economic situation, it becomes clear that there is no logical or mathematical process that supports these frequent claims. Let’s take a look at the facts and see where they lead us.
Iraq’s Current Economy (May/June 2023 Reporting)
GDP: US$264 Billion
Oil Exports: 100 million barrels/month
Oil Revenues: US$7 Billion/month
Current Oil Price: US$70 per barrel
M2 Money Supply: 173 Trillion IQD
FX Reserves: 143 Trillion IQD
Current Exchange Rate: 1310 IQD per 1.00 US dollar
M2 Money Supply is the measure of IQD held inside the country of Iraq including cash on hand and in Iraqi bank account deposits. It is not a measure of IQD held outside of Iraq (the notes we all have).
What if Iraq RV’s their Currency Tomorrow?
Let’s assume that we are all holding 5 Trillion IQD collectively in Dinar Land. If Iraq were to RV the IQD at $1.00 per IQD tomorrow, and we all decided to exchange at that rate, the Central Bank of Iraq (CBI) would need 5 Trillion US dollars (or Euros, GBP, etc.) to cover those exchanges.
5 Trillion IQD x $1.00 = $5 Trillion to cover our exchanges.
Iraq’s entire GDP is only US$264 billion per year and they cannot just print or create other global currencies out of thin air to pay for our exchanges in our local currencies. Even if Iraq came out and declared that one IQD is now worth one US dollar, no Central Bank or Forex Platform in the world would recognize that new rate, much less cover IQD exchanges at that rate for any of us. The economic math doesn’t come close to justifying this newly “declared” exchange rate.
The simple fact is, Iraq’s economy would have to be 20 times larger than it is just to pay for our exchanges, much less cover their national operating expenses. By comparison, the United State’s GDP is over 76 times larger than Iraq’s GDP while the European Union’s GDP is over 64 times larger than Iraq’s.
If Iraq RD’s tomorrow, it would not be good for us international IQD holders under any scenario. Let’s assume that Iraq implements a new series of IQD notes without the 3 zeros. This means that the current 25,000 IQD note would be replaced by a new 25 IQD note.
As foreign holders of the old IQD notes, we would all have to trade in our 25,000 IQD notes for the new 25 IQD notes. This assumes that the Iraqi government would even allow foreigners outside of Iraq to trade in their old IQD notes – they most likely would not allow this to happen. But for this example, let’s assume that we are allowed to trade in our old notes at our local banks.
Now that we have the new 25 IQD notes, let’s also assume that the CBI revalues the new IQD notes a one-to-one for the US dollar. This means that we will receive $25.00 for one 25 IQD note. Furthermore, following the same math as above, the CBI would now only need US$5 Billion to cover our exchanges. This scenario is plausible since Iraq’s economy can afford this exchange rate with the new, lower denomination IQD notes.
5 Trillion in old IQD notes = 5 Billion in new IQD notes (deleting 3 zeros)
5 Billion new IQD x $1.00 = $5 billion in the new exchange rate
Clearly, this is not the IQD RV exchange scenario any of us want.
Bottom Line
Without the off-ledger gold deployed to collateralize and back the IQD (Our GCR), there is no possible way that we will benefit from any non-GCR revaluation or redenomination of the IQD. Without Our GCR fully released globally, Iraq cannot support an RV at $1.00, much less $3.00 or higher.
DINAR IRAQ & DONG VIETNAM UPDATE, 3 JULY
Disclosure of the date of approval of the oil and gas law
