Without siding with the region… Political efforts to legislate the oil and gas law
7-27-2023
Without siding with the region... Political efforts to legislate the oil and gas lawInformation / Bagdad …
Today, Thursday, a member of the Al-Fateh Alliance, Ali Al-Zubaidi, confirmed the existence of political movements and endeavors to legislate the oil and gas law and ensure fair distribution of oil revenues and wealth without siding with the region in this file.
Al-Zubaidi told Al-Maalouma, “There are vigorous moves to pass the oil and gas law in a fair manner for all, so that it regulates the relationship between Baghdad and Erbil and the distribution of wealth is fair, provided that the central government distributes the revenues coming to it, whether from Erbil or elsewhere.”
He added, “The oil of the areas under the control of the terrorist ISIS in the past period was sold to the region, in addition to the region’s smuggling of oil extracted from the fields of Kirkuk, and therefore the need has become urgent to pass the oil and gas law.”
And that “the legislation of the aforementioned law will make the oil wealth in the interest of Iraq as a whole and not only in the interest of the region, but it will legalize the oil file.”
Al-Zubaidi indicated that “resolving the law may take more time before it is legislated within the House of Representatives.”
almaalomah.me
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The dollar exhausts the dinar.. the suffering of citizens continues, and an economist proposes a “crazy solution”
2023-07-27 | 05:48
The dollar exhausts the dinar.. the suffering of citizens continues and an economist proposes a crazy solutionThe repercussions of the high exchange rates of the dollar in the Iraqi markets against the dinar and its effects on the Iraqi economy continue to exhaust economists and the political class and increase the suffering of citizens.
Despite the many measures taken by the current government, through theCentral Bank of Iraq, all that he has worked on will not be able to confront the rise of the dollar and will not be able to stop the series of bleeding the local currency.
The new rise in the Iraqi markets came after the imposition of new US sanctions on 14 Iraqi banks, which caused a big jump in the exchange rates of the dollar, in light of the growing demand for it in the local markets during the past week.
As the purchase price of the dollar inBaghdad157,500 per 100 dollars, i.e. an increase of 3000 dinars from yesterday, while the selling price of the dollar amounted to 155,500 per 100 dollars.
Economists and government advisors proposed a number of solutions, but most of them did not reach the point of solving a problem that threatened the Iraqi economy from time to time. However, what the economist put forward,Nabil Al-MarsoumiIt might be considered a “crazy solution”.
Says the economistNabil Al-MarsoumiIn a follow-up postAlsumaria NewsThe only solution currently available to address the current exchange rate crisis is to return the dollar exchange rate to the pre-pandemic levelcoronaThat is, to the level of 1180 dinars per dollar.”
And he adds, “This solution is economically insane and at a high financial and economic cost,” pointing out that “it is a temporary solution that will not address the essence of the problem, but it will stop the continuous bleeding of the Iraqi dinar and give the monetary authorities an opportunity to search for serious solutions to the origin of the crisis.” instead of unenforceable promises.”
And the economist asserts, “This idea will be violently rejected by economists, and politicians will implement it, even after a while; Because the current battle goes beyond the exchange rate to breaking bones.”
alsumaria.tv
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Almost complete suspension of applications of the dollar exchange in Iraq
7-27-2023
Almost complete suspension of applications of the dollar exchange in IraqInformation / Baghdad..
On Thursday, the electronic “stock exchange” applications witnessed a halt in displaying updates of the exchange rate of the dollar in the parallel market.
Experts point out that the mobile applications that promote local exchange rates (black market exchange rates) do not reflect the real demand in the market, such as a real electronic auction or stock exchange, but are merely a means of media display.
Earlier, experts warned against using these applications as a tool to change the direction of the market, due to its wide spread and the degree of dependence of markets, traders and merchants on its presented data, through the imaginary effect on exchange rates and the impact on the markets.
The dollar exchange rates recorded high levels in recent days, until they reached levels of 157 thousand dinars per 100 dollars, amid punitive measures imposed by the United States on some private banks.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Friday 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: Good morning MarkZ and friends
Member: Welcome to another weekend
Member: And the Dog and Pony show continues……….
Member: I always thought a great time to release the RV is when all the markets close on a Friday night…….
Member: Give us some good news Mark!!
MZ: MilitiaMan may pop in today and Mr. C will be with us today. I have no intention of having a podcast tonight unless breaking news happens and am hoping we go from this evening to Monday morning where we usher in a golden age when I return. I need the down time and some rest.
Member: Bo Polny " saying This Event is about to Happen
Member: Hope you have an Awesome Weekend everyone!! Relax on Saturday!!
MZ: I have some Redemption Center contacts who are on call this weekend, but not scheduled to work.
MZ: Nothing from bond folks or CMKX. It’s very quiet and I continue to believe this is an indicator on how close we are. I don’t think they can keep this many people quiet without a great amount of anticipation.
MilitiaMan joins the stream……
MM: Good Morning everyone…..Thanks for having me Mark.
MM: There have been some exciting things happen this week. I would have to say that the actions of the central bank ….The black market/parallel market is in the news and them focusing on finally telling everyone the truth of the matter is the black market is illegal.
MM: This morning they talked about the black market rates are imagineary…And the citizens are getting hit hard too. We believe this illegal black market is going to cease to exist.
MM: Once they go to an international effective exchange rate –the balck market is going to go away as they know it.
MM: And Al Alaq ( governor of the CBI) has come out and stated that the “Project to delete the Zeros” still exists. And he goes on to say they are NOT going to produce 20K notes….and they are not going to produce any more categories of notes that are in existence now. (25K notes?)
MZ: Also I saw that there is advancement with the whole Kurdish region ….and the dollars there
MM: If I’m not mistaken – they are the worst offenders of the black market. But they are fully on board with the HCL oil and gas law…so that is heavy duty and big….We should see more on that soon….in the coming days.
MM: I think what everyone is waiting for is the exchange rate. The HCL is going to need it. The 2023 budget allocations to start spending for projects is going to need it. The salaries to be paid to the Kurdistan region is going to need it.
MM: I think that is where we are.
Member: We all need it too!!!!!
MZ: They are being extremely secretive about corrections and guarding them greatly.
MM: They did not broadcast it when they changed the rate to 1310 ahead of time…
MZ: No they didn’t but they did signal a change to support value…and then BAM.
MM: And Sudani did say the Dinar will be stronger than the dollar. There is a lot of talk about the dinar –on the streets and everywhere. It’s all about the exchange rate. This is definently a big topic…even on the streets. 1132 is not going to help them
MM: To me……they are keeping this correction hush, hush….we saw the Arabic side of the budget was published and read by people at 1.3. A Forbes article said 1.3 and they have been keeping it tight.
MM: I do not think this 1310 or 1.3 means $1.30 cents. I think it’s a reciprocal of 1 to 1 and that would be about .77 cents …like dropping the 3 zeros. That is what it will be like. Then once they apply the REER (Real Effective Exchange Rate) the game is going to change. Their purchasing power is going to change. Their projects in the budget are going to be funded.
MZ: They told us they are at least going 1 to 1 as a bare minimum. I still expect considerably higher. Thank you very much MM for joining us today …Be sure to follow MilitiaMan and Crew and like and share their videos.
MM: Appreciate you guys very much.
Member: Thanks Mark, MilitiaMan and Mr. C for your time and encouragement. Have a great weekend everyone.
Member: We will miss you Mark !! But, you need the rest, have a quiet weekend!
Member: In a blink of an eye! It’s time ! We have made it ! Harvest time ! This is are award for our hard work!
Mr. Cottrell also joins the stream today. Please listen to the replay for his and Militiaman’s full information and opinions.
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY.
What is the "Technochasm", and why does it matter?
In a word, it's the "splitting" of America; it's the creation of "haves" and "have nots" right in front of our eyes. And it's driven by the ever-increasing speed, power, and progress of technology.
Because on one hand, America is a place of extraordinary wealth… a place where technology executives and investors see thousands-of-percent returns in their portfolios.
They can fly around in private jets and buy beachfront condos anytime they want – the American system is working great for these folks.
On the other hand, many Americans are struggling to make ends meet, no matter how hard they work. And to these folks, our system is a disaster.
In fact, a few years ago, a study found that Bill Gates, Jeff Bezos, and Warren Buffett have more wealth than the least wealthy 50% of Americans.
Let that statistic sit with you for a minute: THREE people have more combined wealth than 160 million Americans.
Unfortunately, most people don't know what's really causing this divide; they don't understand that no one – not you, not me – can stop this trend. Moreover, they don't know that the situation will only get worse over the coming years.
That's why it's critical for you to learn why technological progress is happening at a blistering pace…
And why you MUST learn how to structure your investments so you are on the right side of the "Technochasm."
And today, let's talk about how to do that.
The Great Divide
On the winning side of the Technochasm, we find thriving technology-powered businesses and professions.
On the other side, we find everything else.
And the COVID-19 pandemic has driven a massive wedge between these two sides to force them further apart than they've ever been.
The chart below tells the tale. The S&P 500 Software Index just hit a new all-time high, while U.S. employment plummeted from an all-time high to a 24-year low.
And the true employment picture is even uglier than the one above.
As the chart below shows, the percentage of the U.S. labor force that is currently employed just tumbled to its lowest level in at least 70 years.
Generally speaking, the 42 million newly unemployed Americans possess no techno-centric safety net. They cannot simply convert their bartending job, for example, into telecommute mode and serve virtual drinks until cyber-closing time.
Once the COVID-19 pandemic struck, nearly every industry or profession that involved direct human interaction found itself face to face with a shutdown order… and zero revenues.
From hairstylists to dentists, from cable installers to bowling coaches, the inability to transition from the normal, physical mode of business to a virtual mode caused a complete loss of livelihood.
Meanwhile, every individual who could shift to some sort of work-from-home lifestyle did so. Quite obviously, the types of businesses and professions that can operate out of a home office tend to be more technology-based than those that can't.
Our economy will always feature a wide array of enterprises – some of which require intense human interaction, and some of which require no interaction whatsoever.
A restaurant will always be a restaurant. It can't ever be a video game. A music festival will always be a music festival – never an iPhone app.
Farming will never become a virtual activity, no matter how technologically savvy we become. Perhaps squads of robots and drones will one day grow and harvest acres of corn, but they would still need seeds, soil, and water to do the job.
In other words, the Technochasm phenomenon does not imply that any one profession or industry is better than another; it merely highlights the vulnerability of non-tech-based professions and industries, relative to their tech-enabled counterparts.
The Technology Advantage
As a group, low-tech professions and industries are not as adaptable to economic shocks. Additionally, they cannot establish and fortify their competitive advantages as quickly or efficiently as their high-tech counterparts.
A low-tech company operating in the midst of rapid technologic innovation is like a human being swimming in the open ocean.
No matter how well that human might be able to muscle through the giant swells, a cruise ship can do it better… and faster… and more securely – while also serving up chardonnay and sushi.
The "cruise ships" of this metaphor are the companies that either develop new technologies or effectively integrate those technologies into their existing processes.
IndustryWeek observes:
The definition of a smart manufacturer can vary significantly from one organization to another. However, truly becoming a "smart manufacturer" often depends heavily on an organization's ability to seamlessly integrate the latest tools and technologies into existing production environments. And doing so in a manner that provides noticeable improvements in productivity, efficiency, and capability.
But integrating new technology is hard work, especially if you're a big, fat, happy U.S. corporation that has enjoyed decades of success. Often, the stewards of such corporations fail to recognize the competitive perils they face… and, therefore, fail to adapt quickly enough to save themselves.
Many great American success stories later become infamous American failure stories because they failed to innovate. As a result, they shuffled off into irrelevance and bankruptcy.
That ignominious list of companies would include names like:
Blockbuster Video, the titan of home movie and video game rental services, is one of the most spectacular – and ironic – of American success-to-failure stories. At its peak in 2004, Blockbuster employed 84,300 people worldwide and operated more than 9,000 stores.
Just four years prior to this peak of prosperity, an up-and-coming company called Netflix Inc. (NFLX) offered to sell itself to Blockbuster for $50 million. But then-CEO of Blockbuster John Antioco dismissed Netflix as a "very small niche business" and rejected the offer.
Two decades later, Blockbuster is an extinct B-school case study in corporate hubris and managerial myopia. Netflix is a $191.1 billion juggernaut.
Since Blockbuster's demise in 2010, the retailing landscape has become even more treacherous for brick-and-mortar retailers. In 2019 alone, an estimated 12,000 retail stores closed. And the tally of store closures continues growing by the day. Investment bank UBS estimates retailers will shutter another 75,000 physical stores across the United States by 2026.
And yet, even while thousands of U.S. retailing operations are pushing up daisies, a few tech-savvy retailers are growing like redwood trees. And their share prices are performing even better than many of the stock market's leading tech stocks.
Brick and Byte Retail
For example, even though the coronavirus pandemic has dealt a setback to the physical retail operations of Nike Inc. (NKE), Lowe's Cos. Inc. (LOW), and Lululemon Athletica Inc. (LULU), the shares of all three retailers are now trading at or near all-time highs.
That's because each of these companies has developed robust direct-to-consumer (DTC) sales channels that generated strong sales through the worst of the COVID-19 crisis.
Nike's DTC division, Nike Direct, produced almost a third of the company's global sales in 2019. And Nike expects to boost DTC sales by at least 50% over the next two years. Its stock has soared 20% over the last 12 months and is trading within a whisker of its all-time high.
Lowe's is another DTC success story. Although the company was late to the game of developing a strong DTC channel, that channel is now flourishing and contributing to a rapidly growing percentage of the company's overall sales.
Lowe's stock has soared 19% over the last 12 months and reached a new all-time high in mid-October 2021.
Lululemon may be the poster child of DTC know-how. It was one of the first major retailers to emphasize online sales in conjunction with a network of physical stores. The company has created a vibrant DTC sales and is reaping the rewards of that forward-looking strategy.
DTC sales account for more than one-quarter of the company's revenue and more than one-third of its operating income. Its stock has soared 83% over the last year and is currently trading near a new all-time high.
You see, no matter how "old school" an industry might be, companies within that industry can still put themselves on the winning side of the Technochasm, simply by applying technology intelligently.
The copper mining giant Freeport-McMoRan Inc. (FCX) is just one example.
No industry is more old-school than copper mining. And yet, Freeport-McMoRan has been developing a sophisticated artificial intelligence (AI), or "machine learning," process at its Bagdad copper mine in Arizona.
This machine learning model uses data from sensors around the mine to "tailor" the ore processing method to each of the seven distinct types of ore that come from the Bagdad mine.
This innovation has been "a remarkable success," Freeport CEO Richard Adkerson says. So the company is now planning to roll out this new technology across all of its operations in the Americas.
By doing so, Freeport expects to increase its annual copper production by 5%. That number might not seem significant, but in an industry where a few cents per pound in the change of copper prices can mean the difference between profits and losses, 5% is a big number.
Freeport's new AI technology could not shield its stock from the COVID-triggered plunge in copper prices. But this new tech will help the company maintain its competitive edge as one of the world's lowest cost copper producers.
Freeport's cash cost of copper production is currently $1.75 a pound, which is about 10% below the global average. But the company expects to drive that cost down below $1.35 over the next two years.
The stock has staged a nice recovery from its March lows, and I expect it to continue moving much higher over coming months. As a result, Freeport-McMoRan remains a good "Buy" up to $13.
The Takeaways
Putting yourself on the right side of the Technochasm doesn't mean you invest in every tech stock that pops up on the market.
It means extrapolating which companies are ready, willing, and able to adapt to the massive technological shift happening across the world. That's what I'm here for.
We are seeing firsthand just how essential technological prowess has become for most companies. The Technochasm is gaining strength, and as it sweeps through the global economy, it will continue to reward technologically savvy companies.
And for those that are slow to adapt…
Well, it will bring destruction.
Now tomorrow, we're going to talk about gold. Love it or hate it, it doesn't matter. It still has a lot of life left in it… and that is key.
The process of increasing the exchange rate in the parallel market constituted a new shock to the financial and monetary policies, after they made great efforts during the past periods with the aim of aborting the rise of the dollar, whose exchange exceeded yesterday, Wednesday, the limits of 155 thousand dinars per 100 dollars, which was considered by specialists in economic affairs.
They stressed the need to
take strict measures to limit the flight of the green currency against the dinar, to
find quick financial settlements that meet the needs of importers and traders, and to
create a tangible balance between dollar supply and demand,
with the aim of controlling the prices of goods and materials from the exploitation of the "greedy".
Despite the continuous rises in the exchange rate, however, specialists in the economic affairs minimized the risks of these rises on the local market, assuring to "Al-Sabah" that
75% of the materials and commodities in the markets enter Iraq at the official rate set by the Central Bank, and that merchants make their foreign transfers. According to that price,
however 25% of Iraqi trade is affected by the parallel exchange rate.
The efforts of the fiscal and monetary policies to undermine the dollar were matched by the efforts of the legislative and executive authorities with the aim of limiting the rise in the parallel exchange rate.
While the Prime Minister, Muhammad Shia’a al-Sudani, discussed with the Governor of the Central Bank, Ali Al-Alaq, the measures taken to stabilize the currency in the local market, and discussed the facilities provided by the Central Bank, Which includes allowing small merchants and importing individuals to finance their imports without the need to establish a company.
The Parliamentary Finance Committee reviewed with Al-Alaq ways to achieve monetary stability and control prices.
In contrast to the "cautious optimism" shown by a number of specialists regarding the effects of the exchange rate rise,
others see the possibility of economic indicators, which they described as "painful", represented by entering the local market in the short term in a state of stagnation and high inflation rates.
In turn, the researcher in Iraqi and international economic affairs, Dr. Ali Daadush, in an interview he gave to "Al-Sabah", attributed the reasons for the price jumps of the green currency to the shortage in the supply of cash dollars compared to the volume of demand, which led to a rise in the exchange rate in the parallel market that finances trade. Foreign with the penalized countries.
Dadoush pointed out that the reasons that led to the exchange rate rising again are many, but
the most prominent of them is the speculation on which most transfer and exchange companies live, as
these transfers take two directions, the
first is to cover the volume of commodity imports from the punished and banned countries with dollars, which leads to
This leads to an increase in the demand for the dollar in the parallel market, while the
second lies in the expansion of the phenomenon of speculation and hoarding of the dollar and putting it up later to obtain a larger price difference.
The economic researcher believes that solutions in the short term may not be within reach, as most of the reasons that led to the dollar’s rise are external, especially after 14 Iraqi banks were punished by the US Federal Reserve,
pointing out that the most effective solutions to confront the “dollar dominance” lie in Activating and operating factories and laboratories to produce goods that are imported from countries banned from the dollar,
and directing the government towards activating institutions and companies in the public and private sectors, operating and managing industries and working to increase their production, stressing that
these steps will lead to eliminating the gap between the official and parallel prices, as
Iraq currency depreciation linked to traders not using central-bank platform, central bank says
July 26, 202311:43 AM CDTUpdated 2 days ago
BAGHDAD, July 26 (Reuters) - Iraq's currency has fallen against the U.S. dollar because some traders are sourcing hard currency in the black market instead of using the central bank's official exchange platform, central bank governor Ali al-Allaq told Iraqi state media on Wednesday.
Allaq said that some merchants were not using the platform because they were engaged in illegitimate financial activities but said the recent increase in the dollar-dinar exchange rate would be temporary as more individuals and businesses got on board.
He also said some sides were spreading rumors over the currency's decline in order to engage in currency speculation.
The Iraqi dinar was changing hands at around 1,580 per dollar on Wednesday compared to around 1,470 about a week ago.
The official exchange rate is set at 1,300 dinars per U.S. dollar.
In line with tougher U.S. regulations governing Iraq's access to dollars that went into effect last year, all requests for transfers must now go through an electronic system that contains detailed information on the end-recipient of dollars.
The U.S. measures aim to curb the illegal siphoning of dollars to Iran and apply pressure on Tehran along with U.S sanctions imposed over its nuclear programme and other disputes.
But the system has slowed access to dollars, central bank officials say, with wait times sometimes exceeding a month, leading many traders to go to the black market to source their dollars, which in turn drives up the exchange rate.
Allaq said that the central bank received transfer requests averaging $155 million per day and could cover the demand, with FX reserves standing at more than $113 billion.
Lets get into Iraqi news….”Bank owners and citizens protest the deterioration of the Iraqi dinar following Us ban on Iraqi banks.” The chatter in Iraq is that the pressure is huge on Al Sadr and Sudani to force this thing to come to fruition. The pressure on the US has now gotten extreme as the US is losing its influence in Iraq. I am being told there is a great push on right now. Tremendous pressure to go now…like within 48 hours…but I don’t know…we have heard that before.
…with the chatter from the Iraqi front…that they were given 72 hours deadline to deal with the change in price after yesterday’s protests…that fits in with everything I am hearing. So watch between last night and Monday night.
“Deleting the 3 zero project” The project still exists and is being discussed. This does not mean they take the 3 zeros off the notes…It means they break out the lower denominations and they won’t need the 3 zero notes any more. This means they are revaluing the currency.
Seeing this back in the news is a good thing.
In the last 24 hours the Iraq government said they are not going to print any more bigger bills…we are not going to need them. And then they talked the project to delete the zeros. This is key piece. So big bills will not be needed except for settling large debts. It appears they may be changing that value pretty soon
Bruce (The Big Call)
[via WiserNow]
…we know the Iraqi dinar is trading up. We know the rates that are on the redemption center screens, front screens we know that they’re substantial and very high... This is the front screen rate that will be offered to us…We also know that dong has been pulling up the rear and going up in value as well… I was told by a redemption center person that … it looks like…Thursday, for notifications and it looks like the start of exchanges will be Thursday, Maybe Friday…
MilitiaMan (KTFA)
Article: “The rise in the exchange rate my time and the project to delete the zeros still exists”
A lot of people said it’s never going to happen…Today they reiterate specifically in the headline that their ‘deletion of the zeros’ still exists…my understanding…is they’re not talking about taking off 3-zeros off the currency notes themselves. It’s taking 3-zeros off the exchange rate. There is a difference. It’s not about taking three zeros off the notes.
They want to get rid of the black market…The Federal Reserve [is] putting pressure on Iraq to get rid of it and the easiest way to get rid of that black market is to make the dinar more valuable than the dollar…
Nader From The Mid East
The dinar it’s going to go up the end of this week or beginning of next week. It’s going to be 1700…if you look at the dinar internationally it’s going down…Biden Administration is punishing Iraq because they paid Iran with the dollars…14 banks has been punished from Iraq. Otherwise the rate would be change already. We’ll be 1000 already.
Article Quote: “It has been dismissed from printing the category of twenty thousand dinars because of the existence of a category of 25 thousand dinars, and we do not wish to expand the current categories, because the project to delete zeros still exists.”
There you go! …We’re trying to collect the 25ks.You know why? Because once we collect the 25ks we collect the 3-zeros…This is amazing to see from the CBI.
[Iraq boots-on-the-ground report]
FIREFLY: Chatter from the street now is to remove Alaq from the CBI. He’s not doing his job just like the parliament members have asked Sudani to remove Alaq. All this talk is in the streets.
FRANK: Alaq…is only a figurehead…He listens to the board of directors of the CBI…to say exactly what they want him to say.
FIREFLY: Bank friend…The IFC was here. That’s big. It’s a really big step that they accomplished…plus our Iraqi banking system just attended a banking symposium and it’s all on international standards. This is the float. This is the next step. All banks there were international, so why were we there if not believe we not coming back to the world.
FRANK: Everyone at that symposium knows Iraq is coming back to the International community. That’s why they are pouring in.
Thurs. 27 July Bruce: Tier4b (Us, the Internet Group) will be notified to set our appointments sometime between Fri. 28 July and Mon. 31 July.NESARA should be announced to the US general public on Sun. 30 July, or Mon. 31 July. Restitution allowances will come out the first week of Aug. Those 60 and older can take it as a lump sum. Those younger will be paid out over ten years. Increases in SS up to $5,000 will supposedly start in Aug.The real president will be back in office by Tues. 1 Aug.
On July 27th, the Basel 3 compliance plan for the economy was proposed. Another day will be set for activation. No one knows for sure what this will do to the markets when they go to real values. It has always been assumed that the markets will crash. Let me propose to you another possibility. We could start from where we are as markets are reset behind the scenes. Actually, this has been happening for some time and most people don’t know it. What remains to be seen in the activation of Basel 3 accords is a mystery. Cross your fingers. We are getting closer.
…Goldilocks
Wolverine: “Watch between now and Monday.”
The General Public Tier 5 could exchange currency at the new rates at a bank beginning on Thurs. 3 Aug. …Bruce
We are in a critical time frame window of the Great Wealth Transfer until Wed. 9 Aug. …BoPolony
On Wed. 23 August the new gold/asset-backed Quantum Financial System would be made public. …Bruce
“The RV will happen after a Global Financial crisis.” …Charlie Ward
