The global economic landscape is on the cusp of a monumental shift as key oil-producing nations, including Russia and Saudi Arabia, are increasingly eyeing the Chinese yuan over the US dollar for oil trades.
This has considerably critical implications for not just for the oil market, but for the broader global economy, particularly impacting the US dollar’s global standing.
The Dollar’s Diminishing Dominance
The US dollar has long been the core currency of the global oil market, a status that has significantly bolstered its strength and stability on the world stage.
However, the shift towards the yuan, and other currencies, for oil trades would trigger a decrease in global reliance on the dollar, which would have severe implications.
Dramatic Economic Consequences for the U.S.
Impact on Dollar Exchange Rates: A decrease in the global demand for the US dollar for oil trades could lead to a depreciation in its value. This devaluation could affect everything from the cost of imports and exports to the financial strategies of multinational corporations.
Reduced Demand for US Treasuries : The US dollar’s strength and stability have traditionally made US Treasury bonds a highly attractive investment for foreign governments and investors. A shift away from the dollar in oil trade could reduce this demand, potentially increasing interest rates in the US as the Treasury may have to offer higher yields to attract buyers.
Escalating US Inflation: The decreased demand for the dollar will lead to increased inflation in the US. As the dollar’s value drops, it would become more expensive to import goods, contributing to rising prices domestically.
Challenges in Exporting US Debt: A significant advantage for the US has been its ability to export its debt, borrowing money at relatively low interest rates due to the high demand for its debt instruments globally. A reduced demand for the dollar will disrupt this ability, leading to higher borrowing costs for the US government.
Global Economic Realignments: This shift might not only affect the US but will also lead to broader economic realignments. As countries adapt to new trading currencies, we will see significant changes in global trade partnerships and financial alliances.
While these developments might seem distant, they will impact everyday life. From changes in gas prices to fluctuations in the stock market, the ripple effects of a shift in the global oil trade currency will reach the pockets of both consumers and investors alike.
While the full extent of these changes remains to be seen, the growing shift away from the US dollar in global oil trade signifies a major economic realignment with far-reaching implications.
Understanding the dynamics at play and their possible impacts is key to navigating this new economic terrain.
Welcome everybody to the big call tonight - It is Tuesday, February 6th and you're listening to the big call. Thanks for tuning in wherever you are all around this globe. Thank you for the SAT team that's getting the call out to as many as 198 - 200 countries around the globe, like they did last Tuesday, which was terrific. And thank you for just being here and listening and being part of everything that we're anticipating happening. So let's go ahead and praise a call in .
Okay, it's time to talk about where we are Tuesday, okay, today. Now, we did get information for the last five days since the big call and we did get some information yesterday, and today that is pointing to this going very soon.
So there’s a 4 letter word that we don’t use that often. but I'm gonna explain that a little bit as to why where we are. Alright - let's go back and talk about what has happened today.
There was a conference call with Wells Fargo. And I would imagine there was a treasury representative on the call. I know it was a mainly a Wells Fargo call to all redemption centers throughout the country. I don't know if it includes Canada and Mexico. I didn't get that. It could have but I know it was from 10am to 11am this morning Eastern Standard Time. The one hour call with all redemption center staff.
And this was final protocols - final processes, everything they needed before going.
All right. so that was this morning from 10 to 11. and then we find out that they are expecting a meeting - they meaning redemption centers are expecting an email either tonight or tomorrow by before noon tomorrow. It could be tonight - But my belief is it would be before noon tomorrow. That email would include when our notifications will be going out.
And I heard today from a source that he seems to think we will get our notifications around noon tomorrow. And my theory has always been we could get it at the same time in each timezone.
If it happens to be around noon. tomorrow at noon Eastern - noon central - noon mountain – noon Pacific – noon Alaska - noon, Hawaii. Let's see. Let's see if that's what happens.
That seems to be a theory that was verified as yes, that is what we're going to do. Get it at the same time at each time zone
. So now, what else is happening is we are on a what's called a shotgun rollout. Now that's combining two concepts of shotgun start with a rollout of everything to everybody.
And we believe that shotgun rollout is going to be a 12 to 16 hour rollout where banks may get a rollout in 12 hours and we may get ours in 16 - No big deal. Redemption centers are the way to go. I can't believe certain individuals in the currency community are still not acknowledging the difference between the rates at the banks and the rates at the redemption center.
Redemption centers will be higher - period. We know the rates. We know that all rates were locked and loaded on bank screens already. And they will probably be locked and loaded on redemption center screens tomorrow.
Here's another little interesting tidbit. ATM Machines …….. Why would ATM machine be down and inoperable at noon Eastern time or noon today for Wells Fargo for truiest bank which is also a tier one bank - PNC Bank and maybe others those were the three we found out about
Could they be using that downtime for new software? Or is the software already loaded and ready to go?
Could they be using that time to load in new currency? new USN currency - our new asset backed currency -- Maybe -- I would think that'd be one reason.
The ATMs were not taking deposits - not putting out receipts -not putting out any money. Don’t you think people are going to be very interested in why the ATMs are down.
I mean, I'm not an ATM guy. I use the inside of the bank - But a lot of people even in the drive ups use the ATMs and they do it all over the world. Last time I use an ATM was in Italy back in 2007 I believe it was - getting euros out. So I'm not I'm not a regular user but a lot of people are – a lot of people deposit in the ATM’s – and you know -- how long do you think they can be down without causing a ruckus? 24 hours? 48? I don’t know that they could be down for more that 24 -
Noon today the ATM might responded tomorrow are expecting some pretty cool activity.
All right. So what do we have? we have that information about the conference call today – don’t Know that title skype call or online called and no it was audio.
I don't know what video audio could be one way video. I don't know our call as far as we know, what else was we from all the other main sources that we will be going in for exchanges before or by Friday morning. And I think that was a cya move – just by that individual.
Okay -. But one of the sources one of our good friends that brought the wells fargo info to us - said he anticipates us getting started with notifications tomorrow and exchanges on Thursday.
Oh wait a minute – Thursday - That's February the 8 th - hey who likes the number 8? That's right. China does. Just saying – and the other individual was from PNC bank – they said they would be prepared for exchanges - to start on Thursday - and they're not even doing zim. They're only doing all the other currencies
I think …. And this is not Bruce calling it but this looks awfully good – for Wednesday notifications and Thursday exchanges. So that's the information that we have to support that piece that I brought out – It looks very good.
Now let's talk about some other stuff.
There's some things out there that I think are fairly this seem fairly accurate.
And you know I don't bring up other people or other calls and stuff. I rarely do that - you know - But in this case could we get a Bronson decision from the Supreme Court on Friday the 9th? Looks good.
Transcription skipped here due to political references -----
Okay, could it be something brought out about our financial programs, which is sort of the new way of say the startup of NESARA in this country?
Don't know we're looking for something. When are we going to have the USN declared as a new currency as an asset backed currency?
Without the so called NESARA and GESARA ?
When are they going to come out and how are they going to come out? Whos is going to announce them? These are all questions we don't really have good answers for yet.
I think this could be a very interesting week weekend into next week - we should get something really we could sink our teeth into starting tomorrow hopefully with notifications and then starting Thursday with exchanges and redemption of zim and then beyond that. it's game on. We get we do a lot of different things.
So I'm excited about it, guys, you know I am I've been waiting a long time - we're in our 13th year of the big call. And you know, I've been watching this for 20 years now.
So I mean, I'm not the only guy out there I know that I thought I was late to the game when I came in 20 years ago researching and buying the currencies
right so the rates are the least of our worries - just set your appointment once you can get the toll free number and we will have the number on a landing page of our website As soon as we can. And we'll be sending out with the help of bob and Raleigh will be sending out an email - Email blasts that would include the toll free number to use to call in to set your appointment
Now, most of you guys will probably get those emails that have the toll free number in it right away.
So you may not need it, but it's there and if you're registered on our website, you'll receive the number you'll get and you don't have to resend your email unless it's changed when you did the first time. But if you have you know if you if you have done that, See that's the way we're going to be able to stay in touch with you about the projects we have planned so rebuild America, rebuild international for the veterans retreat network and the pastoral retreat network.
Those four projects of mine, I plan to use and let you guys know what's going on and keep you up to speed we might do a special call recorded with the link in the email that you can click on.
Right now, do the best you can to do your exchanges and redemption of zim. Keep it all on the downlow. Keep it quiet. Respect your NDA’s and make sure that you keep as much anonymity about you as much as you can. Just be just keep it quiet, as quiet as you can.
Because the NDAs could last as little as 30 days or as long as 120 days probably depends on how you speak how you appear how you speak how you think and say what you're saying in the redemption centers. If they don't think you look like you can keep your mouth shut. They will go longer on your NDA. So if you think you got your act together. You can be quiet. They'll reduce the amount of time for your NDA
So everything is looking like it will roll out in 12 to 16 hours. That's your roll out.
So guys, all you can do is pray and believe the information that I'm getting is accurate and not going to change. That's the key I don’t need new intel - I need for the info that we have to remain accurate.
And I need for us to move forward with our redemption of zim in our exchanges I think you are going to be very pleasantly surprised by rates. I think you'll be this is going to be a once in a lifetime experience – for all of us - its going to be extremely beneficial to humanity. Not just us, our accounts - our lives – families’ lives - And everybody that we can bless.
This is loving your neighbor as yourself - This is loving people you've never met before as yourself.
So let's do this.
Thank you for everyone who's listened to the call for years and recent more recently last year review internationally globally. Thank you for hooking us up through the satellite system all around the globe. We appreciate that.
Thank you everybody behind the scenes, mentioned on the call that have been really super helpful in getting this thing done - We appreciate it. We thank the redemption center staff and the leaders of the redemption centers And we know who some of you are for what you've done, the military. Special Forces, Guys, everybody that has helped to bring this about And to Clean up on aisle three, four and five and continue to do that And continuing into the future. we appreciate all of that going on.
Everybody out there that's listening Oh, great. thank you for tuning in. Some of you all 13 years of the big call. We appreciate that very much. And you're the best and I always say I want to thank God so let's pray this call out and see what happens tomorrow.
Japan, Britain, Algeria and Malta praise Al-Sudani's reform efforts in Iraq
Japan, France, Britain, Algeria, and Malta expressed their absolute support for the Iraqi government in meeting the aspirations of the Iraqi people, praising the reform efforts of Prime Minister Muhammad Shiaa al-Sudani.
Japan's representative in the UN Security Council said, "We welcome the holding of Iraqi local elections and we hope that the Kurdistan region will hold its overdue elections." He added, "We call on all international parties to stop tensions and maintain good neighborliness, and we value Iraq's role in limiting the expansion of the conflict in the region."
For his part, the British representative in the UN Security Council affirmed: “We value the Iraqi government’s reform steps in the areas of economy, security and investment,” while the French representative in the Security Council saluted the efforts of the Iraqi government to complete the reforms that the Iraqi people aspire to, calling on everyone to respect Iraq’s sovereignty and keep its lands away from the specter of Conflict in the region In addition, the representatives of Algeria and Malta stressed the commitment of the United Nations mission to support the Iraqi priorities and its efforts to achieve peace there. link
BANK VISITOR: I went to one of the largest Chase Banks in Dallas. This bank is different than I've ever seen. It was two stories and upstairs there was many window you couldn't see into.
FRANK: A lot of banks are metamorphosizing their environment in order to be part of the exchange process...
BANK VISITOR: I go and sit down and within 5 minutes this private banker, who BTW is Vice President on his card, comes over and greets me ...I said I have a large amount of foreign currency and can you let me know when you will be able to exchange this currency. I didn't say dinar...I said I know we're getting close...with Chase being the number one bank in Iraq. He looked at me and grinned and he said, I've got a couple other clients just like you.
I email them from time to time and give them an update on what's going on...He said you know there's been a lot of speculation on the foreign currencies and when they were going to revalue. He never said it was a scam. He looked at me and grinned. He said we will be in touch with you. Then I said to him, let me ask you something, nothing against your other locations but how come they haven't treated me this way?
They know who I am. I go there all the time. He said, this particular site is set up to help customers like you. He said, 'we are directly tied to JP Morgan in New York. This is how we operate this site'...You get that feeling when you're sat in front of these people that something's going on now and they may not be able to tell you all of it but they know who has what.
The Governor of the Central Bank, Ali Mohsen Al-Alaq, discussed today, Wednesday, with a delegation from the World Bank headed by the Director of the World Bank Office in Iraq, Richard Abdel Nour, reform programs for the stability of the financial sector in Iraq, while the latter praised the measures to facilitate financial transfers.
The Central Bank’s media said, in a statement received by “Economy News”, that “Al-Alaq received a delegation from the World Bank headed by the Director of the World Bank Office in Iraq Richard Abdel Nour, and during the meeting, they discussed strengthening bilateral cooperation between the Central Bank of Iraq and the World Bank and discussed electronic payment projects, financial inclusion, as well as reform programs to promote the stability and development of the financial sector.”
The two parties also discussed “the support of the World Bank to provide advice in the establishment of the Riyada Bank, which is dedicated to financing small projects in Iraq with the support of the International Finance Corporation.”
In turn, the World Bank delegation praised “the procedures of the Central Bank of Iraq in facilitating financial transfers to various segments in Iraq,” noting that “the infrastructure of electronic payment systems and software systems in Iraq are among the best systems in the region.”
