Sunday, February 11, 2024
Russia hosts a meeting of BRICS Deputy Finance Ministers and Central Bank Governors, 11 FEB
"If the Dollar is No Longer the World’s Reserve Currency" by MIKECRISTO8, 11 FEB
Natalie F Danelishen
@Chesschick01
Replying to @WallStreetSilv
Putin is correct. If the dollar is no longer the world’s reserve currency those dollars in other countries would flood back into the US …we will see hyperinflation as it would be too much money chasing too few goods. It would be a collapse of our economy.
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MikeCristo8
@MikeCristo8
Replying to @Chesschick01
Well…not exactly. You see the U.S. Treasury created more dollar “reserve assets” held by foreign central banks abroad ($150+ Trillion), both Ponzi Financial assets and dollar reserves for the petrodollar oil trade, than the U.S. Treasury debt and stock market valuations.
For every dollar that gets repatriated back to the U.S. Treasury asset side, you must remove a corresponding one dollar from the Treasury liability side, which also corresponds to commercial banks liability side because a commercial bank holds Treasury bond collateral. Banks have made more deposits (loans to the investors) that are created than the asset side of a bank’s balance sheet.
Right now, those dollars being repatriated back to the U.S. Treasury are currently being bought up by BlackRock. Exchange Stabilization Fund (ESF) which has a balance of roughly $25 Trillion. Again $150 Trillion of financial assets abroad and perhaps another $100 Trillion as central bank *oil reserves. Once BlackRock‘s ESF is drained, and Blackrock goes insolvent, commercial banks will be forced to call in their Dollar loans which are currently parked in the stock market. The stock market will eventually go to zero. Why? Because the world’s gold held by foreign central banks will ALL pledge their gold reserves to back the renminbi as a gold-backed global “reserve asset” in the oil trade payment settlement.
I believe this renminbi unveiling comes on the heels of the Tucker – Putin interview.
Iraqi Parliament refers requests to remove foreign forces to Committees, 11 FEB
Iraqi Parliament refers requests to remove foreign forces to Committees
Shafaq News/ On Saturday, the Acting Speaker of the Iraqi Parliament, Mohsen Al-Mandalawi, directed a parliamentary request to expel foreign troops from Iraq to the Committee of Security and Defense and the legal Committee.
According to a statement from the Parliament's media department, Al-Mandalawi referred a request, supported by over 100 representatives, to the Committee proposing legislation for removing foreign forces from Iraq.
Saturday, February 10, 2024
"RV UPDATE" BY BRUCE, 11 FEB
Bruce
[via WiserNow] I know that there are rates on the bank screen I know that they should be locked in. ...We should also have rates on redemption center screens, which is the better way to go...you should be absolutely thrilled with the rates that are available for all of our currencies.
...we're being told by our redemption center people that we are in for a very exciting weekend...
we did get information...that is pointing to this going very soon...So there’s a 4 letter word that we don’t use that often. ...from...main sources...we will be going in for exchanges before or by Friday morning...It looks very good...I think this could be a very interesting week, weekend into next week...
Basra Provincial Council plans to invest in natural gas to combat environmental pollution, 11 FEB
Basra Provincial Council plans to invest in natural gas to combat environmental pollution
Shafaq News/ On Saturday, Basra Provincial Council revealed a plan to invest in natural gas associated with crude oil extraction operations rather than burning it.
The Council's member represents Tasmeem Alliance, Sarah Dhafer Al-Husseini, emphasized that thousands of cancer cases in the governorate are recorded due to environmental pollution from oil projects.
A valid appearance reveals the details of the 2023 balance and the 2024 budget horizon, 24 NOV
A valid appearance reveals the details of the 2023 balance and the 2024 budget horizon Financial Advisor to Prime Minister Mazhar Mohammed S...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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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...