BIG CALL BY BRUCE , 30 AUGUST

 BIG CALL UNIVERSE

TRANSCRIBED BY GEM

Tuesday we didn’t have rates on the bank screen and now we have grey scale on RC screen and can only see bank screen rates and all this will change over the weekend  but for right now grey screen cannot be read but the bank screen can – remember the QFS had to be fully implemented and at 8pm tonight based on the gold backed currencies is now fully implemented and ready to go. 

  And not only the RC but ALL the banks globally are fully integrated. A point about rates – someone is saying the rates are going to be the same at banks as RC  but that is not True – at the RC the Dinar will be 3 x higher and the Dong 2 x as high and Bruce knows them but cannot mention them tonight.   

You must call the number to make your appointment and the toll free number will be like in the three central zones.  By calling the 800 number and you’ll get an AI generated response to you – if we call on a day say Monday /Labour Day – you might just get an AI system and they all the zip codes and Bruce think Canada might be able to use that number  - HSBC and RBC merged into Scotia and that a great back up bank to HSBC and HSBC is global and also Bank Santander  - in South America – and Truist Bank now merged with SunTrust  - and if you are in the US dial the number and you’ll get a RC close to your postcode – even out west you shouldn’t have to drive more than 80 miles or a lot less.   

Timing  - we’ve got information pointing to us getting notified.   On Sunday after Forex comes back up and we’ll see ALL new rates on all currencies but the people at the RC and banks any workers should see all new rates and we should see them Tuesday.   My belief is we could notified on Monday and set our appointment for Tuesday.  Be Prepared.   

What else   - Jeannie always prompts me on R&R  latest on debt relief mortgages and CC eliminated and starting 4  -5 - 6th September  Wed/Thurs/Fri and may take to the 15th to complete.

So give it time to happen and might take awhile to get it all done and we might get that Nesara announcement and R&R that is suppose to kick in the first week of September, sometime in the first week – it might not be in all but might take sometime to reach everyone. 

  If your exchanging your R&R is already in your QFS account  - so if you are exchanges and you should have and be able to see that balance in your QFS account and go through your exchange and get it all done and you’ll be loaded up with a amount ontop of the R&R.   Then you can see that and move what you think you’ll need for 30 – 90 days  - don’t worry you’lll be able to move plenty of money.   Bruce talking about a billion into your master account – but whatever you have set up with LLC’s Bruce plans on setting up individual accounts.   

What going on right now – there are global arrests taking place but we need to get further along and a certain percentage to go forward and I can tell you we don’t have that far to go before they release everything to us and we can easily make that by the weekend.   The Forex closes down tomorrow for 48 hours and back up Sunday with brand new rates.  We have 15 rates on the screen and the IQD isn’t on right now but Bruces guess is it will by Sunday and traded as such Internationally.   And we’ll see that reflected at our appointments so Monday is in play for the emails and numbers.   

And Tuesday we might get to speak with a human – we don’t have to wait for higher rates for certain people that have Dong  but the rates are very good at RC’s and the Bolivar Very Good. 

I can tell you the Zim is on par and no restrictions on how many you exchange.   Just use the RC’s and if you hold Zim you will be a free Qphone.   So hope you have written some notes down and those appointments should be 30 – 40 mins  - so make those presentations concise.

Friday Evening Nothing Burgers with MarkZ. 08/30/2024

Jon Dowling The Weekly Wrap Up 30th August 2024 Latest Updates

Why doesn't Iraq rely on the World Bank to overcome the "dollar crisis"? An expert answers, 30 AUGUST

  Why doesn't Iraq rely on the World Bank to overcome the "dollar crisis"? An expert answers

Today, Friday (August 30, 2024), the expert in economic and financial affairs, Nabil Jabbar Al-Tamimi, commented on the possibility of the World Bank helping Iraq develop its economic and financial situation and solve the remittance crisis.

Al-Tamimi said in an interview with Baghdad Today, "The World Bank is an international banking financial institution affiliated with the United Nations, but it is subject to special management related to the influence of some countries according to their banking contributions, as its tasks are limited to investment financing for countries, providing international loans, and managing projects according to its international banking conditions."

He pointed out that "Iraq is currently working extensively with one of the World Bank institutions with the International Finance Corporation (IFC) to develop a group of sectors, including the transportation and airports sectors," explaining that "the World Bank, as an important international and financial institution and a UN institution at the same time, works with Iraq and other countries in the fields of lending and providing technical consultations, as well as providing Iraq with economic data and analyses within the limits of its work."

The expert in economic and financial affairs stressed that "it is not within the World Bank's jurisdiction to intervene in the issues facing Iraq, especially with regard to the remittance crisis, local banking failures, or weak procedures to protect funds from suspicions of money laundering and financing terrorism."

According to specialists, Iraq has more than (70) banks, approximately five of which are governmental and the remaining number are private banks, but Iraq relies heavily on financial transfers, especially with regard to the dollar, to various foreign banks, due to the failure of Iraqi private banks to arrange their legal and technical situations in the issue of financial correspondence.

Earlier, Alia Nassif, a member of the Parliamentary Integrity Committee, revealed that the Iraqi-Jordanian National Bank had obtained $3.6 billion from the currency auction during the first three months of the current year, which enabled it to obtain a profit of about 40 billion dinars. link

IMPORTANT UPDATE FOR IQD HOLDERS: A GENERAL OVERVIEW BY ARIEL , 30 AUGUST

 ARIEL

NADER FROM MID EAST: We didn’t see any thing Iqd new currency # Iraq

DINAR REVALUATION REPORT: Dollar Dominance and Petrodollars, 30 AUGUST

 Impact on the US Dollar

1. Dollar Dominance and Petrodollars

Challenges of Selling Iraqi Oil in Petro Dinars and the Implications for the US Dollar

The concept of selling oil in "petro dinars," or using the Iraqi dinar as the primary currency for oil transactions, presents a significant shift from the established petrodollar system. Historically, oil has been traded almost exclusively in US dollars, a practice cemented by the 1974 agreement between the United States and Saudi Arabia. This system has bolstered the dollar's status as the global reserve currency, influencing international trade and finance. 

The petrodollar system has been a cornerstone of the US dollar's dominance in the global economy. 5 By selling oil in dinars, Iraq would undermine the dollar's role in international oil trade, which could weaken its status as a reserve currency.

2. Financial Markets and Treasury Securities

Petrodollars are often recycled back into the US economy through investments in Treasury securities. 5 Reduced demand for dollars to purchase oil could lead to fewer investments in US assets, affecting financial stability.

3. Inflation and Interest Rates

A decline in demand for dollars could lead to inflation, as the currency's value decreases. 2 This might also result in higher interest rates as the US government could face higher borrowing costs.

Challenges for Iraq

1. Economic Diversification

Iraq's economy, heavily reliant on oil revenue, could face challenges if global oil prices fluctuate. 3 Selling oil in dinars might not immediately address this vulnerability.

2. Political and Geopolitical Risks

Shifting to petro dinars could strain Iraq's relationships with the United States and other major oil importers accustomed to using dollars. 2 There might be political costs and potential sanctions.

3. Currency Stability

The Iraqi dinar might not be as stable as the US dollar, posing risks to international investors. 1 Volatility in the dinar could deter investment and trade.

4. Infrastructure and Financial Systems

Iraq's financial infrastructure might need to be strengthened to handle the increased demand for dinars in international trade. 1

Conclusion

The prospect of Iraq selling oil in petro dinars represents a significant challenge to the established petrodollar system. While it could potentially reduce the US dollar's dominance, it also introduces substantial risks and challenges for Iraq, including economic vulnerability, geopolitical tensions, and issues with currency stability and financial infrastructure. As the global economy evolves, the implications for both Iraq and the US dollar will continue to be closely watched.