More than 50 billion dinars to finance the development project of Al-Mundhiriyah port
Aws Al-Mahdawi, a member of the Diyala Council, made the announcement on Wednesday that the development project for the Al-Mundhiriyah border crossing east of the province will be funded with more than 50 billion dinars.
“Al-Mundhiriyah absorbs about 15% of international trade due to its geographical location close to the capital, Baghdad, pointing to the stability of the situation on the land routes, which made it an attractive center for companies and traders,” Al-Mahdawi stated.
He added, “The focal government has distributed in excess of 50 billion dinars as a component of the arrangement to reconstruct and foster the intersection, taking note of that this is whenever the intersection first has been created in 50 years.”
“The development plan aims to transform the crossing into an economic point for trade exchange and the entry of visitors throughout the year, while increasing its capacity, especially during religious occasions,” he explained.
He brought up that “a designing council has been framed to set up the plans, which will give a more clear thought of the by and large impending improvement process, as most would consider to be normal to extend the intersection’s capacities by up to half of what they are currently.”
Al-Mundhiriyah crossing is one of the significant intersections utilized for the inventory of products and the passage of voyagers.
ANALYSIS
The Al-Mundhiriyah border crossing development project, announced by Diyala Council member Aws Al-Mahdawi, will be financed with over 50 billion dinars.
Located east of Diyala province and close to Baghdad, the crossing handles approximately 15% of international trade, making it a vital economic hub.
This significant investment
aims to transform the Al-Mundhiriyah crossing, which has not seen substantial development in 50 years, into a key economic and trade point.
The development plan includes expanding the crossing's capacity, especially to handle increased traffic during religious occasions and to facilitate year-round visitor and trade flow.
A dedicated engineering council has been established to create detailed plans for this development, which is expected to increase the crossing’s capacities by up to 50%. This enhancement is set to improve the efficiency of product supply and passenger entry, reinforcing its role as a crucial intersection for both commerce and travel.
The evidence is clear—You won’t believe how close we are to the largest collapse in history
We’re standing on the edge of an financial system crash, and may people don’t even realize it. Yet!
The signs are all around us—record government spending, mounting consumer debt, and major corporations hoarding cash like never before.
Even the world’s biggest economies, like the U.S., Japan, and Germany, are struggling to keep their heads above water.
This article breaks down the top 10 reasons why we’re facing what could be the worst financial crash in history.
I’m going to walk you through what’s happening, why it’s happening, and what it means for all of us.
In This Article
The Top 10 Reasons the Global Financial System Crash is on Our Doorstep
Government Spending: The Core of this Financial System Crash
Central Bank Policies Causing Unprecedented Market Distortions
Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash
Global Economic Indicators Pointing to a Deepening Crisis
The global financial system is facing a financial system crash of unprecedented scale. With three of the five largest economies heading towards economic catastrophe, the risks are mounting.
The Top 10 Reasons the Global Financial System Crash is on Our Doorstep
Here’s a logical progression of the top 10 reasons we are in a global recession, followed by an economic depression and then the grand finale, a complete financial system crash:
Unsustainable Government Spending: U.S. government spending as a percentage of GDP is nearing historic levels, creating a precarious fiscal situation.
Skyrocketing Consumer Debt: U.S. credit card debt has reached record highs, with interest rates at unprecedented levels, mirroring unsustainable government financial practices.
Distorted Central Bank Policies: The Bank of Japan’s excessive ownership of ETFs and government bonds has caused significant market distortions, leading to instability.
Massive Insider Stock Sales: U.S. executives are selling off stocks at the fastest pace in over a decade, signaling a lack of confidence in the markets.
Surging Cash Holdings by Corporations: Companies like Berkshire Hathaway are hoarding cash, indicating a lack of confidence in the economy and anticipation of a downturn.
Persistent Manufacturing Recession: The U.S. manufacturing sector has been in recession for an extended period, signaling broader economic warning signs.
Extended Recession in Major Economies: Germany has been in recession for over two years, reflecting broader global economic fragility.
Declining Unemployment Claims Participation: A low percentage of unemployed Americans filing for benefits suggests the official data is understating the true level of economic distress.
Long-term Devaluation of Fiat Currencies: The U.S. dollar and other major currencies have lost significant value against gold, indicating long-term economic instability.
Rising Public and Household Debt: U.S. public and household debt levels have reached all-time highs, creating the potential for a systemic financial crisis.
Government Spending: The Core of this Financial System Crash
U.S. government spending has reached levels not seen since World War II. At 43% of GDP, it is just 1% below the peak during the Great Financial Crisis.
These unsustainable spending habits are breaking the economy, setting the stage for severe financial turmoil.
Japan faces its own challenges. The Bank of Japan’s extensive intervention in the economy, owning about 80% of the country’s ETFs and 55% of its government bonds, has caused significant market distortions.
The recent rate hikes by the Bank of Japan have already triggered a 12% drop in the Nikkei 225, underscoring the instability.
Central Bank Policies Causing Unprecedented Market Distortions
Central banks, particularly the Bank of Japan, have been heavily involved in the financial markets, creating artificial support that cannot be sustained indefinitely.
The consequences are now becoming apparent, with volatile markets and a loss of confidence among investors.
The Bank of Japan’s recent actions indicate that even the slightest change in policy can have dramatic effects, as seen with the substantial decline in the Nikkei 225.
Consumer Financial Behavior as a Warning Sign of the Approaching Financial System Crash
Consumer debt in the U.S. has skyrocketed, with credit card debt hitting a record $1.14 trillion in the second quarter of 2024. Interest rates have also reached an all-time high of 22.76%, mirroring the reckless financial practices of the government.
This growing debt burden is pushing consumers closer to financial collapse.
Corporate behavior is also flashing red warning signs. Berkshire Hathaway, one of the largest and most successful corporations, has increased its cash reserves to 25% of its total assets, the highest level since 2005.
This massive cash hoarding indicates a lack of confidence in the current economic environment and suggests that major corporations are bracing for a severe downturn.
Global Economic Indicators Pointing to a Deepening Crisis
Germany, one of the world’s largest economies, has been in recession for over two years, with its GDP contracting in five of the last nine quarters.
This prolonged economic decline signals a broader global economic fragility, which could trigger a domino effect across other major economies.
Insider stock sales in the U.S. have reached their highest levels in over a decade, particularly among executives in tech giants like Nvidia. This rapid sell-off indicates that those closest to the markets are preparing for a downturn, further fueling fears of an imminent crisis.
The long-term devaluation of fiat currencies, particularly the U.S. dollar, adds another layer of risk to the global financial system.
The U.S. dollar has lost 98.5% of its value against gold since 1971, with other major currencies like the Euro and Yen experiencing similar declines.
This loss of purchasing power is eroding trust in fiat currencies, pushing investors towards alternative assets.
The Bottom Line
The interconnected nature of global economies means that the problems facing the U.S., Japan, and Germany are not isolated.
With government spending spiraling out of control, distorted central bank policies, rising consumer and corporate debt, and prolonged recessions in major economies, the world is on the brink of an unprecedented financial crisis.
“To manage customer complaints” .. The Central Bank creates an electronic platform for financial institutions
The National Bank declared, on Wednesday, the making of an electronic stage to oversee objections from clients of monetary organizations.
The bank expressed in a proclamation that it “looks to robotize crafted by the monetary area to decrease reputational dangers and upgrade trust between every monetary establishment and general society. In this regard, it has developed an electronic platform for managing complaints. Its primary function is to automate the financial institutions’ receipt of public complaints via the link on the complaint form and to manage their processing under the supervision of the Central Bank.
He proceeded, “The reaction period for a protest documented against monetary organizations on the stage requires somewhere in the range of one and five, not entirely set in stone by the National Bank of Iraq through the framework for every grumbling in view of its temperament and the significance of handling it. In the event that monetary organizations don’t answer the grievance coordinated to them through the framework inside the predetermined time, a fine of (100,000 Iraqi dinars) will be forced for every objection for every day of postponement.”
ANALYSIS
Central Bank Introduces Electronic Platform for Handling Customer Complaints
On Wednesday, the National Bank announced the launch of a new electronic platform designed to manage customer complaints related to financial institutions. This initiative aims to automate and streamline the handling of public grievances to reduce reputational risks and enhance trust between financial institutions and the public.
The platform's primary function is to facilitate the receipt of complaints from the public and ensure their processing is supervised by the Central Bank. Through this system, complaints will be automatically routed to the relevant financial institutions for resolution.
According to the National Bank, responses to complaints filed through the platform are required within a period ranging from one to five days. The exact response time will be determined by the system based on the nature and urgency of each complaint. Financial institutions that fail to address complaints within the specified timeframe will face a daily fine of 100,000 Iraqi dinars for each delayed complaint.
Music, welcome everybody the big call. It is Tuesday, August the 13th, and you're listening to the big call. Thanks everybody out there in big call universe for tuning in, whether you're local inside the US or whether you're outside the continental US and on international soils. We welcome you and appreciate you, and thank you for coming in and listening
Let's talk now. Thank you Bob, by the way, thank you Bob so much. That was great. Let's talk about, yeah, let's talk about the Intel. Let's see where we are now, guys, I know that my Intel has not been exactly accurate, because it changes every time you think we're there, you get something else that says we're not. And I'm sorry, because I hate bringing it out intel this not accurate or doesn't come to pass.
So I know this is a moving target. I know that things tend to change, but hopefully, one of these days, we'll get it right and we'll all be exchanging and we'll be happy.
So from the latest info that we received last night was that that we are in basically a seven day window, and boy, I hear that. I go, Oh my gosh, that's too, long a window, too big. I don't want to be in a seven day window. And this is from CW, and we got it last night that said Wednesday to Wednesday.
We should get notified - and start exchanging that's tomorrow, through which when it's tomorrow, 14th to the 21st in that range, we should be getting our numbers and getting exchanges started.
Well, today, there was a conference call between some of the pay masters, some of the higher up people at wells with the Central Bank of Iraq, the CBI, and this call was supposed to go two and a half hours, and it went five and a half hours, so it was long, and they were talking about techniques and exchange protocols for the banks.
Now I don't know if it affected redemption centers, is that specifically the banks will let it sit at that. They were referring to our banks here in the US, not banks in Iraq. So what's happened? What's to bring you up to speed --
What's happened recently is the currencies, the 19 currencies that were coming up on the screen at redemption centers and at banks were coming up with either partial meeting six currencies and then 12 of the 19. We finally got all 19 to come up, but then they were coming up with a slow blinking mode.
That's okay. They could make out the currencies, they could make out the rates, but they were blinking slowly, and that was as of yesterday. Now, the weird thing is that even though that was going on, one of the currencies dropped out. So instead of 19, we're seeing 18 currencies on the screens.
Anybody guess which currency was not was no longer on the screen? That’s right - our currency, the US N, The USD had gone away and the USN and replaced it, but the US N was off the screen temporarily. Now, why would that be? Would it be that they're getting ready to introduce the USN, or United States node, or United States new however you want to look at it, then it's referring to the United States Treasury note that is no longer a Federal Reserve note because the Fed is dead and the remnant revenue says absorbed into US Treasury a while back. Same thing's true with the IRS. It was absorbed the rent of it was absorbed into the US Treasury.
So what that is saying is that the USN would need to go back up on the screen and would need to have a rate attached to it, and we believe that once that occurs, that's a pretty good indicator that we're about ready to start
Now, I think that the USN, if I remember right, is part of NESARA. Okay, let's talk about, I know I'm kinda bouncing around here, but stay with me. What else is part of NESARA? That's right, debt forgiveness. Let's talk about that. It actually started Sunday afternoon, Sunday the 11th of August, okay?
And so it started with, you guys haven't heard me say this yet, because I got this between the last call and tonight. It started with, or it is starting with zeroing out of all mortgages - Oh, I'm hearing some amens out there.
I'm hearing some hallelujahs, because our mortgages are supposed to be zeroed out over a 10 day process that, if my math is right and you count the days out, the 11th, which is Sunday, should it should be terminated? by around - By around the 20th of this month,
We don't know if that means we're going to get our letters by then from our lending institutions, or the letters will follow this 10 day period - that I don't know yet - probably find out after the call, but there's a 10 day period of debt forgiveness when mortgages will be zeroed out.
Now, there may be some stipulations to that that might prevent the very newest mortgage, but I don't even know that. I don't even know. Let's just go with mortgages will be zeroed out. That's a big help.
Now, what else, as far as debt forgiveness, did I hear somebody say, credit cards? Right, right You are Andrew. That starts around the 21st through the 31st which is the last day of August. That means all credit card debt will be wiped out. That's amazing. And don't everybody go and load up your credit cards right now. Don't even think about it.
But that is a real welcome thing. Those two things, that's mortgages and credit cards will be wiped out and zeroed out by the by the end of August, which is August 31 so that's going to be a real bonus for us. That's a huge, huge part of debt forgiveness for NESARA, kicking in and taking effect.
Now, we haven't heard of any debt forgiveness coming out yet. We don't have any evidence of it yet - at this time, but stay tuned , maybe I will get some of that. We know Farm claims started being paid out somewhere around the eighth of August, I believe.
And we've got, I mentioned on last Thursday’s call , so that we had proof of three farmers that were paid. The first one was 360,000 not 300,000 but 360,000 The second was 410,000 and the third one we heard was 525,000 - and these are farm claims to the farmers, and we understood that the black farmers were paid out first. Okay, so that's what we've heard.
And of course, I can't prove that right now, but that's what we've heard happened, which is great news.
Now let's go beyond that. I've given you a window. As we come back to the RV, I've given you a window of Wednesday to Wednesday by CW. Now what's interesting about that is we're hearing some things that are putting our day for exchanges to start Monday, the 19th, this coming Monday.
Now we've also heard from another call tonight that was with the financial advisors, bankers and so on, that there was a consensus on this call that we would be notified over the weekend and then start exchanges on Monday. So the 19th is Monday. It is halfway between kind of plus or minus between Wednesday and Wednesday, and it's very possible that that's what we end up with.
A few other people were saying we should get notified today and start tomorrow. I had that from a source that was speaking to a US Treasury source in Europe, and that's what they said, that we would get notified today and start exchanges tomorrow, but I don't know that we say that that's the case. I don't think that's happening somehow that did not occur.
So even my own Intel is slightly conflicted, but the consensus is looking for us getting notified this weekend and then exchanging on Monday. Let’s Hope that is true.
Let's hope that is exactly what's happening. And you guys have the the debt forgiveness portion, which is was started Sunday and goes through the end of the month with credit card debts being wiped out.
I think those two aspects mortgages, home mortgages and credit card debt is a lot - that is an answer to prayer, and that is wonderful to see that taking place.
Now. I think our USN is part of NESARA. I don't know if they'll announce it. I'm being told they won't. Bothers me. I would like to have it announced added asset backed and or gold backed currency, because it is and we're gonna have our US, TN, United States, trade notes and are in the banks. They're in the redemption centers. We're supposed to get some of it - when we go in for our appointments to exchange.
So that's been in place for a long time, I'm going to say months, and possibly over a year. Now that money, the new printed currency that we have are holding money that go down our wallets versus is already in place. So that's good. What else is going on? You know, guys, I think that's the majority of it.
So let's do this. Think I've loaded you guys up with good intel I think that's all I need to tell you guys tonight. This thing is right here, right there, where we can go anytime, yes, and we'll see if the Wednesday window holds up, or if we get surprised, and maybe it goes soon, but really, Wednesdays as soon as we'll get anything right now. So let's do this. Let's go ahead and pray the call out right now,
Through “corruption and fraud” operations… the secrets of smuggling dollars and withdrawing them from Dubai via electronic cards
Political expert Rafid Al-Atwani scrutinized, today, Wednesday, August 14, 2024, the banks in Iraq, particularly the confidential ones, because of the signs of debasement and the dollar pirating activities abroad that rotate around them, while he affirmed that the Iraqi banks are “unstable” and exchange dollars and don’t offer types of assistance to the Iraqi resident.
In an interview, Al-Atwani stated that the bank’s general reputation in Iraq is “very bad,” particularly for the private branch, and that it has been accused of corruption. In point of fact, the sanctions imposed on more than fifteen banks are evidence that there is genuine corruption.
He uncovers that the dollar gave by the National Bank of Iraq is heavily influenced by Jordanian and Qatari banks, as confirmed by numerous individuals from the Place of Agents. The proof for this is that when the public authority of Mohammed Shia al-Sudani was shaped, the different sides (the Government and Iraqi National Banks) concurred that the method involved with sending out or buying products (a large portion of which are tax evasion) would be through the Quick stage that all nations work on, which is a strong and sound association that screens the development of the dollar and forestalls illegal tax avoidance that hurts worldwide exchange. Nonetheless, after over a year, obviously these banks don’t follow these methods and purposely launder cash in concurrence with dealers and furthermore pirate the money through the immediate dollar deals window.
He points out that while the Central Bank of Iraq receives ninety percent of the dollar, only thirty percent of it is actually used to process exports. This means that more than sixty percent of the money is smuggled into the country or returned through money laundering.
These markers, as per Al-Atwani, show that the Iraqi banks and the administration of the National Bank are “unstable” and have not helped the Iraqi state. In actuality, we have not controlled the trading of the dollar against the Iraqi dinar, taking note of that more than one bank is partnered with political figures or their agents.
According to the political analyst, this scene suggests that Iraqi banks are unsound, trade in dollars, and do not offer services to Iraqi citizens like advances and commercial loans. The Iraqi people, the value of the Iraqi dinar, and Iraq’s external reputation are the most affected by favoritism in loan negotiations and favoritism toward influential political figures. He added that as per an assertion by an individual from the Money Board of trustees, the benefit of Jordanian banks from this debasement during the time spent reusing the dollar is in excess of 1,000,000 bucks each day.
In the meantime, Alsumaria News was informed by an informed source that “one of the banks that is operating and is not punished is withdrawing dollars through electronic energies at the official price in Dubai, and transferring them to Iraq to be sold in the market at the parallel price.”
ANALYSIS
Political expert Rafid Al-Atwani has raised serious concerns about the state of Iraqi banks, highlighting issues of corruption and dollar smuggling operations.
According to Al-Atwani, these banks, particularly private ones, are plagued by instability and corruption, which undermines their credibility and functionality.
In his statements, Al-Atwani criticized the general reputation of Iraqi banks, noting that they have been implicated in numerous scandals involving corruption and dollar manipulation.
He pointed out that sanctions have been imposed on over fifteen banks, further indicating systemic issues within the sector.
Al-Atwani revealed that the dollar provided by the National Bank of Iraq is heavily influenced by Jordanian and Qatari banks.
This was corroborated by members of the Iraqi Parliament.
He explained that when the government of Mohammed Shia al-Sudani was established, a consensus was reached to use the Quick system for transactions, which is designed to monitor and prevent money laundering.
Despite this agreement, he claims that Iraqi banks have not adhered to these procedures and have engaged in money laundering activities in collusion with traders.
He noted that while the Central Bank of Iraq receives 90% of the dollar supply, only 30% is used for processing exports.
The remaining 60% is allegedly smuggled into the country or laundered.
This misuse and mismanagement of funds, according to Al-Atwani, illustrate the instability of the Iraqi banking system and its failure to support the Iraqi economy and its citizens.
Additionally, Al-Atwani mentioned that certain banks, despite being operational and not sanctioned, are involved in withdrawing dollars at official rates in Dubai and selling them in Iraq at a parallel market price. This practice further exacerbates the problems within the Iraqi financial system.
Overall, Al-Atwani's remarks paint a troubling picture of the Iraqi banking sector, highlighting the negative impact on the Iraqi dinar’s value and the broader economic environment.