Wednesday, December 27, 2023
BRUCE'S BIG CALL, 28 DEC
Bruce’s Big Call Dinar Intel Tuesday Night 12-26-23 REPLAY LINK Intel Begins 1:09:00
Transcribed By WiserNow
Welcome everybody to the day after Christmas - Welcome to the Big call. Welcome to boxing day as it were celebrated in the UK we're thrilled to be here after Christmas So welcome everybody. Today is Tuesday, December 26 are in fact listening to the big call. We're glad you're here. Thanks for coming in and everyone and let's go ahead and rate the call and then
If we get into where we're supposed to be on Intel, I can tell you this much. We thought we wou ld get our notifications mid morning today. This came from some pretty strong sources and we have, we did not receive it today. But I think I know why. It's not just because of boxing day, although that might have been a little bit of a factor. But I think it's more based on the fact that we did get rates on the bank screens that were not on the bank screens yet.
In fact, last Friday, after the last big call we did Thursday night, I found that the Iraqi dinar was on the redemption centers, screens not on the bank screens, not on the Forex - now the forex shuts down between 5 pm Friday, all the way to 5 pm Sunday. Eastern time – and open back up Sunday - Christmas Eve at five o'clock and we got some pretty good response that that had happened.
But some of the other rates are also going to show up and be traded on the forex starting at five o'clock on Sunday. And that's what's happened to get us to where we are today. Because right now, today, we had screen rates at the banks. We didn't get the rates at the redemption centers today, but we did get the rates at the bank. and of all of those currencies that are going up in value - Most of them are in a range - Very nice range.
And they'll settle in between four and seven. Four and seven is where they're going to settle in. Now the dinar is much higher, and even on even on the bank screens, it's much higher and the Dong may be maybe higher as well as some of the general currencies like the Indonesian rupiah - the Afgahni - the Venezuelan Bolivar - I believe the shekel was really shackled.
And there are a number of other currencies that will fall in the four seven range because that's populating now. – with blinking lights on the bank screens today. Not all the rates have populated - they’re trading up for filling in the blinking. But it all shows that I believe that's why we didn't get started yet. I believe they're looking for these rates to come up and trade up and settle in a little bit more
Now we heard from our bond paymasters, one of the bond paymasters, we spoke earlier today said that he expects the bond notifications to the bond holders to give them access to their funds – would come out overnight tonight. it might show up tomorrow.
We've also heard from let's call it US Treasury Marshal that we expect tomorrow to be significant. We talked to him earlier today and I lunchtime. He was indicating that we should have the. we should have this RV happening within about 24 hours - instead of today is pointing more towards tomorrow. At least for our notifications.
That's a good thing. Because we went most of the day without knowing quite what was happening because we had our indication was looking really good and we get notified before lunch today. And that did not happen. But tomorrow many different matter entirely. I'm hoping it is I don't know you guys are too –
We did not get As you know we did not get this before Christmas as was the desire. It just didn't happen. And it looks like we should be in a position to get this Any day. now. Could you tomorrow could be Thursday, I believe, tomorrow is looking very good for us.
Beyond that, everything for the shotgun start. We are hearing very good things about the start being moral for not only us but also the intermediaries, those fines interest and penalties. The adjudicated settlements like CMK X, all of that stuff. The farm claims – Indian claims, ranch claims - all of that stuff is supposed to come out within 12 hours of each other - meaning with us – bond holders tier three – admirals groups - for a US into tier 4B - all of that it's about within about 12 hours of each other.
So we don't know what's going to happen. Firstly, maybe overnight tonight, with bondholders getting emails access to funds, and that's what I believe will take place.
The other thing is Christmas and Easter time - the Saint Germain trust they're supposed to open and that happened we heard about this yesterday - Christmas Day - that the St. Germain trust would open and that funding for St. Germain would go out internationally, not to the central banks because they're all done away with but replaced the central banks and all those international countries is their own treasuries or their own main treasury bank -. But the Federal Reserve is basically dead - the remnant of the Fed has been led into the US Treasury. And so, what we have coming to us was the Rodrigues trust -bottomless trust that pours out and was pouring into our US Treasury.
And so that's a good sign. That was few days ago, that took place probably Friday, Saturday, and that may be may have occurred, those tranches from those trusts may have already heard we have those already. But now we're looking for The green light, essentially, things that green light from the Treasury That says go to everything from the admirals’ groups - to intermediaries - to prosperity packages to us into tier 4B.
So I think that is what treasury was just waiting for all those rates wobbly - And for the blinking rates to stop blinking for everything to be a go.
Now, I think I've mentioned last Thursday, but you know when you need to get our new USN physical currency in the ATMs, New Year's Eve night, or New Year's Eve - andis supposed to be in the ATM’s, ready to go for New Year's Day. That's our new currency.
And we're supposed to have it in the banks, rich people, everyday people going into the banks. They'll be able to pick it up on January 2. Okay, we should be Tuesday right? To get at least one today.
So we're not as concerned about that. Because we're concerned about getting the actual redemption center started for us. Redemption center appointments started by the 800 number, which is going to be kicked off with the emails from the Wells Fargo servers to us.
And I know that Saturday and Sunday that was Sunday, which was Christmas Eve. The redemptions?
We were going to the servers and tested emails for them to get ready to be loaded again and released. So that has already happened.
And now as a matter of going through it, once the Treasury gives the green light to start - then we're underway. That's pretty much where we stand right now.
Rates populating up on the bank screens - We know they should be on the redemption center screens, right so the back strings are going to be good, but redemption center. rates will be better for us. President Trump set that up for that to happen. That will be pace moving forward so that's all I had to say tonight,
Yep let's just see if tomorrow works out to be what we were getting from the US Treasury Marshal Today. They suggested that we would get it within 24 hours is what he anticipated and that within itself around lunchtime today. So let's say it's going to pray the call out and see what develops overnight, and tomorrow.
"RV UPDATE" BY NADER FROM MID EAST, 27 DEC
Nader From The Mid East
I'm waiting for the first week of January to see what's happening. The 1st of January they will make a decision. They will make a lot of decision next.
I'm not saying the rate is going to change the 1st of January but things going to be stronger, a lot stronger. Once they start using the dinar they're going to be a lot stronger...
Article quote: "Salih the financial advisor to the Prime Minister confirmed that the dollar exchange rates in the parallel market began to approach the official price set at 1320 per dollar after recent measures taken by the central bank and the Iraqi government..."
That's what's slowing down all this process. It's people still using the dollar in Iraq. Even me, I use the dollar in Iraq. When I was there last week I use a dollar in Iraq. Why? Because it's a lot easier. It's smaller. You don't carry a lot. You carry $500, $600, $700 with you, $1000 max...If I didn't have the dollar and If the dinar for me to carry...it would be a lot in my pockets..
The facts are the facts. If they delete the dollar, if they take off the dollar from the markets in Iraq, they're going to have to come out with a small category of dinar. That's it. Why? Because it's too much dinars to carry...I'm not going to cary 150,000 dinars in my pockets. I'm not going to do that. I prefer to have $100 than 150,000.
Everybody's asking me what's going on. What's the news. The news, you will see it on the 1st of January - what exactly is going on. They already gave you a date. I told you the 1st of January we'll be out of the dollar. We will not work with the dollar anymore in Iraq.
130 billion dinars in fines from the Central Bank of Iraq on banks and exchange companies, 27 DEC
130 billion dinars in fines from the Central Bank of Iraq on banks and exchange companies, 27 DEC
Shafaq News/ The Central Bank of Iraq announced, on Wednesday, that it had imposed fines on banks and exchange companies exceeding 127 billion Iraqi dinars during the past 11 months.
A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past 11 months, starting from last January and until last November, amounted to 127 billion and 337 million and 645 thousand and 628 dinars.
He stated that “the fines also included 386 administrative penalties for these banks and non-banking institutions, distributed between warnings, warnings, and grace periods.”
According to the table, “last April witnessed the highest rate of fines for banks and non-financial institutions, amounting to 17 billion, 440 million, 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while last November witnessed the lowest rate of fines, amounting to 8 billion, 337.” One million 645 thousand and 628 dinars with 8 administrative penalties.”
The table did not show the names of the banks on which fines and administrative penalties were imposed.
In early June, the Iraqi Stock Exchange Investors Association criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
shafaq.com
"RV UPDATE" BY SANDY INGRAM, 27 DEC
Sandy Ingram
A drone attack on a military base hosting US troops near Erbil in northern Iraq...caused casualties...Iran-backed militants claimed responsibility for the attacks...The attacks occurred on December 25th.
Inflation...political stability... balance of payment...national debt...recession - each of these seven categories helps determine the currency rate of any country...We want to wish each of you a happy holiday..
Article: "Iraq links Baghdad US embassy attackers to security services"
The attacks against US forces have continued. The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services...
Article: "Iraqi council elections: Almost 17 million voters head to polls on Monday"
Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.
Iraq cuts oil production by 223,000 barrels per day voluntarily. Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement.
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-sheila-18-dec.html
Article: "CIA warns Baghdad of serious consequences if attacks against US personnel continue" Since October 17th the US presence in Syria and Iraq has been under constant threat.
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-sandy-ingram-15-dec.html
[We] tried to ignore this news however, that is not possible Article: "Iraqi PM places security forces under investigation over US embassy attack" Iraq is doing what they can, but have not been able to stop the attacks against American Forces in Iraq. Article: "Iran-backed militia vows more attacks after US Embassy in Iraq comes under fire" When you attack the embassy of another country, this is far more serious.
The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers. The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.
Article: "Inflation rate in Iraq declines in 2023 compared to 2022"
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...
Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch
individual involved in corruption.... The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world...
The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.
Article: "Inflation rate in Iraq declines in 2023 compared to 2022"
The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022. Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022. Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...
Wealthy Iraqis move to the Caribbean. Guess who's on the list? ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch
individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical. Citizens can travel to 144 countries without a visa..
The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless. It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange. Most of these reserves are held in US dollars since it is the most traded currency in the world... The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.
Kurds question Iraq census results, demand 1957 data verification, 23 NOV
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...