Iraq and 5 countries renew commitment to supporting oil stability, 9 OCT
Shafaq News / In a joint statement released on Monday, Iraq, Saudi Arabia, the UAE, Kuwait, Oman, and Bahrain reaffirmed their commitment to "voluntary collective and individual production adjustments" for oil.
The statement followed a meeting of the oil ministers of the six countries on the sidelines of the Climate Week events in the Middle East and North Africa region, launched by the United Nations in Riyadh.
The ministers reiterated their readiness to take additional measures at any time as part of their ongoing efforts to support market stability and build on the strong cohesion of the OPEC+ alliance. OPEC+—comprising OPEC members and non-OPEC allies led by Russia—had previously agreed in June to extend voluntary oil production cuts announced in April until the end of 2024.
Saudi Arabia and Russia announced additional voluntary cuts until the end of 2023, subject to monthly review. However, during the OPEC+ ministerial meeting last Wednesday, there were no changes made to the group's oil production policy, as Saudi Arabia and Russia confirmed their continued commitment to voluntary supply cuts to support the market.
Fri 6 Oct. MarkZ: “A lot of my sources feel that Mon. 9 Oct. is our day…..A lot of them …actually they think our day is before that and Monday is when we start going to the bank! They are all expecting big things this weekend ….More chatter on the Iraqi side of things with great expectations for the weekend. Most are looking late Saturday/early Sunday for something from Iraq. Some type of announcement? …Yesterday a number of Redemption Staff told me they are on “stand by” specifically for currency exchanges. …Iraq may go on Saturday. Probably what we would see are call centers working over the weekend to make our appointments…and appointments starting on Monday. …that the most likely scenario.”
Fri. 6 Oct. TNT Call: “The whole world will see the RV by Sunday (8 Oct).
Central Bank of Iraq and Reuters announced: “Next Sunday (8 Oct.) will be a special day in all Iraqi banks, which could witness unprecedented overcrowding and crowding at cash withdrawal windows.” Iraqis were told in mosques: “A new Iraq will begin by Sunday (8 Oct.).”
Sat. 7 Oct. Frank26 RV Update: Sudani went and told all the contractors he signed with, they can come into Iraq without any restrictions. That’s Article VI.
The RV was expected to be announced in Sovereign Iraq on Sun. 8 Oct., with the new rate becoming international on
Mon. 9 Oct.
Sun. 8 Oct. Texas Snake: Banker indicated he was expecting notification just any time this coming week, unfortunately he admitted that has been stated by those above him before as well.
On Tues. Oct. for twelve hours US Treasury representatives entered codes at US Redemption Centers for each nation’s currency. Pings came back that the code was valid, meaning the Redemption Center could receive currency from each nation in exchange for the US Note. In the last 24 hours Tier 4A had started preparing and paying Tier 4 groups.
On Wed. 4 Oct Iraq was welcomed to the World Trade Organization with a fully reinstated Iraqi Dinar international traded currency.
Thurs. 5 Oct. Wolverine: “Shelton said on his call that the 10 days of darkness and 12 days of disclosures would start after an Event (EBS Test?) onWed. 4 Oct. On Thurs. 6 Oct. I got a call. Everything has really begun. Isaac has spoken to someone and he says it’s looks like it’s going to happen. All the leaders of the Tier 1 platform have been funded and by next week all members will be paid and it will be fast.”
Thurs. 5 Oct. Tony said he has a two hour window tonight, then laughed, and said he should have said the next 24 hours. Not every country is going at the same time. It’s their own choice. The rate won’t be on the Forex until the end of the weekend. Sounds like they’ll get their 72 hours of joy.
Monday is a holiday, so that would be a good time for us to go. Iraqi Government salaries were being paid a month in advance effective Wed. 4 Oct.
Thurs. 5 Oct. Bruce: “Bond Holders Tier 3 will get notification of liquidity over theweekend.Tier4b (Us, the Internet Group) will be notified either Sat. 7 Oct. or Monday afternoon 8 Oct. and will begin appointments either Mon.8 Oct. or Tues. 9 Oct.”
The US Note was fully in the system and available at the bank Fri. 6 Oct. or Mon. 8 Oct.
By Tues. 10 Oct. the bulk of redemption appointments and exchanges were expected to be done.
The IMF and World Bank will hold their last annual meeting on Sun. 15 Oct.
Starting in the fourth week of October Restitution and Recreational Allowance will be paid out. The amount of monies paid back will be based on federal taxes paid since 1940s, interest on mortgages, bank loans, car loans and credit card interest – along with interest earned on those monies over the years. Those 60 and older will be paid in three equal monthly payments for Oct, Nov & Dec. Those 50-60 will get payments over the next 12 months and those younger will be paid out over 15 years, though they have to be employed in order to qualify.
Starting in October and continuing for three months Social Security benefits will be significantly higher, topping out at $5,200. In January regular benefits will continue, though still be a lot higher.
Wed. 1 Nov. was the goal to have Currency Exchanges and Zim Bond Redemptions completed.
The Rodriguez Trust will administer “universal basic income” for citizens of all GESARA-compliant countries: the amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can. He said we need to help our friends and family understand that this will happen in the next 3 to 6 months.
Starting 1 Jan. 2024 the fiat US Dollar will be worthless, all currencies across the Globe will be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments start on a monthly basis.
On Friday, a better-than-expected jobs report added fuel to the fire, with the 10-year yield hitting a high of 4.85% while the 30-year yield topped 5%.
Five Months before his Assassination, President John F. Kennedy issued this executive order that would give the American currency back to the People by printing Money based on a Silver Standard, Taking away the power of the Federal Reserve Banking cartel. Many argue this is the Reason that JFK was assassinated.
Redemption Centers
Redemption Centers represent a transformative process to the Quantum Financial Access card. This card is the gateway to claiming our Gesara (on a global scale) and Nesara (for the U.S.) funds. And guess what? These funds have already been deposited, awaiting our claim.
Wells Fargo, a banking giant you’re undoubtedly familiar with, plays a pivotal role in this new-age financial paradigm. This institution has mirrored every bank account onto the Quantum Financial System (QFS). Your hard-earned money, your retirement nest eggs, your 401ks – they’re all securely mirrored on the QFS. Brokerage platforms remain outside this mirroring process.
Transitioning into theQuantum Financial System (QFS) isn’t just about money; it’s a spiritual journey. Entering this realm demands purity of heart. It necessitates forgiveness and unconditional love. As we prepare to embrace this financial metamorphosis, it’s crucial to cleanse our souls and be ready to love unconditionally.
Zim holders, especially those with humanitarian interests, will be directed to Redemption Centers based on their zip codes. Nomads, those who live life on the move, should be prepared to declare their mobile status.
The Redemption Centers operate on a rigorous schedule, functioning continuously for 15 days, irrespective of demographics. However, not all centers will have to remain open for the entire duration.
The primary currencies exchanged here include Zim, Dinar, Dong, and the Dollar. These hold significance due to their substantial gold backing.
Not all bonds can be exchanged at these centers
(Zim Bonds can). For those national currency bonds to be eligible, they would’ve needed to be in an SKR for a solid five years. No shortcuts here.
The bond payout process is a marathon, not a sprint, spanning an estimated three years. But this gradual transition ensures stability and sustainability. Early birds in this game might reap richer rewards. The value of bonds is further amplified as they’re backed by solid gold.
Bondholders possessing container loads will be at the front of the queue. To put it plainly, a holder with 20 pallets of bonds will precede one with only 3 pallets. The bond payouts could span up to 25 years, necessitating NDAs (Non-Disclosure Agreements) for the same duration. The reason? Distributing vast amounts in one go could deplete funds meant for the global populace.
America, with its unique financial landscape, enjoys certain privileges that other nations might miss out on. The rates of Zim and other foreign currencies are in a constant flux. And while many have been informed that a substantial 80% of funds for Humanitarian Projects will be extracted from Zims, the true nature of this process remains shrouded in mystery.
Surge in foreign transactions marks CBI auction, 9 OCT
Shafaq News / Foreign transactions at the Central Bank auction witnessed a substantial surge this Sunday, skyrocketing by 75% to reach an impressive $156 million.
According to Shafaq News Agency's correspondent, the Central Bank conducted its auction for the purchase and sale of the US dollar, resulting in transactions totaling $195,502,595. The Bank covered these transactions at the exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards, and at the rate of 1310 dinars per dollar for foreign transfers and cash transactions.
Our correspondent reported that the majority of the bank's dollar sales were channeled towards bolstering foreign balances in the form of transfers and credits, amounting to $156,462,595. This figure reflects a staggering 75% increase compared to the cash sales, which amounted to $39,040,000.
It is noteworthy that six banks engaged in the purchase of cash dollars, while 19 banks fulfilled requests to reinforce foreign balances abroad. The overall participation in the auction included a total of 47 exchange and intermediary companies.
Economist: Withdrawing the US Federal Reserve will end the dollar crisis
10-8-2023
Economist - Withdrawing the US Federal Reserve will end the dollar crisisInformation/Baghdad..
Former member of the Parliamentary Economics Committee, Abdul Hussein Al-Yasiri, today, Sunday, attributed the reason for the continued rise of the dollar to the American policy towards Iraq.
Al-Yasiri said in a statement to Al-Maalouma: “The solution to the dollar crisis lies in obtaining a portion of the Iraqi funds in the US Federal Bank.”
He added, “The rise in the dollar is due to excess demand and lack of supply, as well as America’s policy towards Iraq.”
He explained that “the government is required to put pressure on the Fed to provide sufficient cash from the dollar in order to meet the increasing demand and eliminate the so-called parallel market.”
During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets.
Geopolitical Risks Stir Investment Markets Amid Unrest in Israel, 8 OCT
In recent times, global events have begun to stir the calm waters of investment markets, with the spotlight now focusing on Israel. Investors worldwide are closely observing the rising tensions and violent episodes that have become a recurring feature of the country’s socio-political landscape. This unrest, marked by sporadic attacks and counterattacks, has given rise to new uncertainties that could potentially influence investment decisions on a global scale.
Triggering the Shift to Safe Haven Assets
With the escalation in geopolitical risks, there is an anticipation of a shift in investor preferences towards safe-haven assets. These are investments that are expected to hold or increase their value during market turbulence. Assets such as gold, the U.S dollar, and U.S Treasuries, have traditionally served this role. They act as a financial buffer, protecting investors from a potential crash in the stock market or a downturn in the economy.
The Hamas attack that recently shook Israel was a stark reminder of the volatile situation in the region. The assault was openly lauded by Iran and Hezbollah, Iran’s Lebanese allies, adding another layer of complexity to an already intricate geopolitical scenario. This increasing instability has the potential to stimulate a move towards safe haven assets, as investors seek to mitigate risks and ensure capital preservation.
Implications for the U.S.
The implications of this situation extend beyond Israel’s borders, reaching as far as the United States. The U.S., already grappling with political discord in Washington, finds its position further weakened by these developments. Such geopolitical risks could potentially impact U.S. investments and policy decisions, particularly those related to the Middle East.
A Historical Perspective
Historically, geopolitical risks have often dictated the ebb and flow of global markets. Past events parallel to the current situation include the 1990-1991 Gulf War and the 2003 Iraq War. In both instances, the uncertainty and tension preceding military action triggered a market slump. However, these were followed by notable recoveries after the commencement of the U.S. led military interventions. Whether the present situation will follow this historic trend remains to be seen.
Looking Ahead
The future ramifications of the ongoing tensions in Israel are far from certain. Much depends on how the situation unfolds in the coming weeks and months. If the tension escalates into more significant conflict, the impetus towards safe haven assets could become more compelling.
However, it is crucial to remember that geopolitical risks are only one of many factors that investors must consider. The global economy is a complex and interconnected system, influenced by a multitude of variables. Therefore, investors must adopt a comprehensive and well-informed approach to navigate these uncertain times successfully.