Mon. 19 Feb. MarkZ: “I have a couple of Bond People who are expecting an update early Tues. 20 Feb. They are expecting 1%. There’s a lot of speculation that it could go by Tues. 20 Feb. I was told that their goal is by Tues. 20 Feb, but I could live with 10 days or by the end of February.
Thurs. 15 Feb. Bruce: There could be an EBS announcement on President Trump anywhere from Fri. 16 Feb. to Fri. 23 Feb.
Monies for the Global Currency Reset have been released by the Chinese Elders. Intel providers were being leaned on not to disclose information. Rumor was that Trump had signaled a Green for go and launched NESARA/GESARA. After the RV the EBS System and Restitution payments should begin.
On Thurs. 25 Jan. the gold-backed US Dollar was introduced from the US Treasury in Reno.
On Fri. 26 Jan. all 86 Global Currency Reset platforms were loaded and launched.
By Sun. 28 Jan. the new Iraqi Dinar Rate (which had been released in-country on Mon. 1 Jan.) and the new US gold-backed Note were both trading on the Forex.
The Federal Reserve says the new Dinar International Rate is $4.81
The Chinese Elders released Dubai 1 Funds into Paymaster Accounts for Tier 1 (different countries governments) that were now liquid and being paid out. Dubai 2 funds for Tiers 2,3,4a (Groups) were released on Sun. 4 Feb. and were liquid on Fri. 9 Feb. Dubai 3 funds for Tier 4b (Us, the Internet Group) were released on Wed. 7 Feb.
Some Whales, Bond People and others in Tiers 1, 2, 3 have been paid and were under NDAs.
Three Whales broke their NDAs and started talking. Their accounts were frozen after 30 years of waiting. Please be careful everyone.
Sun. 4 Feb. the Admiral’s Group was paid.
Sat. 10 Feb. BRICS countries were informed of their new currency rates and Tier4b funds were liquid in Paymaster Accounts.
The Central Bank of Iraq revealed, on Tuesday, the mechanism of financing foreign trade after the cancellation of the electronic platform and the currency auction that the Central Bank intends to implement soon.
Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview followed by “Economy News”, that “the Central Bank of Iraq is heading to cancel the work of the electronic platform.”
He explained that “banks will be responsible for financing foreign trade directly through their dollars, and will be fully responsible for auditing invoices and transfers, which is the case globally.”
Khalaf indicated that the American correspondent banks will take care of financing the requests of these banks among them after reviewing the special documents, and the non-entry of the Central Bank of Iraq as a party to this issue
15 Benefits Of Returning To The Gold Standard: The Citizen
1. Silver and gold hold intrinsic value that isn’t subject to inflation like fiat currency. This provides economic stability. Inflation has diluted the US dollar’s purchasing power substantially over the past century. In 1913 when the Federal Reserve was founded, $100 could buy what takes $2,500 today, an astonishing loss of value. Precious metals do not inflate like this.
2. There would be less risk of hyperinflation destroying savings and purchasing power. Venezuela suffered devastating hyperinflation with money losing all meaningful value, wiping out years of savings. This is impossible with something like gold or silver maintaining inherent worth.
3. Individuals would have more financial privacy without centralized digital money monitoring all transactions. China’s Social Credit System tracks all digital transactions giving the state unprecedented access to monitor citizen spending. Using precious metals allows for untracked exchange preserving privacy from authoritarian overreach.
4. Savings in precious metals preserve wealth better over the long term compared to fiat currencies. Historical cases like Mansa Musa’s 14th century West African empire growing incredibly rich from massive gold holdings show it preserving vast wealth over centuries compared to currencies that inevitably deflate.
5. Using silver and gold coins facilitates bartering and exchange without needing banks as financial intermediaries. Cigarettes’ emergence as black market currency in prison demonstrates how physical commodity monies facilitate localized exchange without reliance on financial intermediaries vulnerable to systemic failure.
6. Precious metals have industrial uses, unlike fiat which only has value as money due to government decree. The fact that silver and gold have versatile industrial applications for electronics, medical devices, solar panels etc. mean they will never lose all value and always have some intrinsic utility even aside from being used as currency.
7. Hard money disciplines governments from endless money printing to fund deficits. Ancient Lydia (in modern Turkey) was one of the first kingdoms to mint gold and silver coins. As metal purity allowed for trust in the currency, enabling the empire to expand trade reach and economic growth into neighboring regions.
8. Limited manipulability protects the economy from booms and busts in the business cycle. After the US civil war, battles over bimetallism versus strict gold standard contributed to business cycle instability from deflationary pressures that largely subsided once gold was firmly codified at $20 per ounce backing the dollar.
9. Reduces the ability to wage prolonged wars since sound money limits military overreach. 16th century Spain amassed huge gold troves making them a dominant military superpower, but they still eventually defaulted several times after overextending military budgets, showing hard money constraints checking endless warfare.
10. Eliminates systematic banking bailouts that socialize losses while privatizing profits. When unsound lending practices in the US savings and loan sector triggered crisis and threatened industry collapse, taxpayers were forced to cover billions in bailouts protecting firms while citizens bore job losses and economic pain.
11. May decrease income inequality since those closest to money creation won’t be enriched and those furthest won’t be impoverished. During the classical gold standard era in the 19th and early 20th centuries, wealth inequality levels were lower than today. This was partly because middle and working classes’ money maintained stable purchasing power, and their savings were not devalued through inflation as happens today.
12. Limits dollar diplomacy whereby global trade works through one dominant fiat currency. The Triffin dilemma refers to the problem of the US dollar acting as global reserve currency. It requires the US run perpetual trade deficits to supply enough dollars for world demand, which is unsustainable long-term. A gold or other commodity standard would remove this dilemma and rebalance international trade.
13. Restricts the government’s capacity to spy on and control citizen spending. When India was part of the British empire, many Indians distrusted paper rupees issued by the British and preferred holding gold and silver. This allowed them to exchange value privately without relying as much on imperial monetary policies.
14. Silver has anti-microbial properties with medical use-cases that provide utility even if not used as money. In World War 1, silver-containing antiseptics were crucial for treating injuries when antibiotics had not yet been developed. This demonstrates silver’s enduring medical utility independent of its monetary role.
15. Precious metals have cultural affinity and psychological appeal that increases confidence in money’s stability. Gold and silver have culturally significant statuses, often associated with royalty, luxury and wealth. This psychological attachment means they command belief in their inherent value in a way fiat currencies struggle to.
An economist criticizes the central bank for dealing with the dollar crisis in “traditional ways”
Information / Baghdad.. On Monday, economic expert Nabil Al-Ali held the Central Bank of Iraq responsible for the continued rise in the dollar exchange rate.
Al-Ali told Al-Maalouma, “The Central Bank is still dealing with the crisis in traditional ways in light of an unconventional crisis,” calling on the Central Bank to “realize the direction of foreign trade in dealing with foreign currencies and create special banks in this regard.”
He added, “The measures taken by the Central Bank to reduce the exchange rate of the dollar against the Iraqi dinar did not bear fruit because of the Central Bank’s adherence to dealing with the unconventional crisis in traditional ways by following up and prosecuting merchants only.”
He continued, “Introducing a procedure for dealing with foreign trade in foreign currencies was a golden solution to confront the exchange rate crisis, but the Central Bank did not take this procedure seriously.”
He stressed the necessity of “realizing the direction of foreign trade in dealing with foreign currencies and creating special banks in this regard.”
Article: "Observer: Ending the mission of the Untied Nations office in Iraq takes Iraq out of Chapter Seven". The UN exiting Iraq and no longer working with them automatically will lift and remove the UN Chapter VII sanctions. But keep in mind the UN will not be exiting Iraq until after Iraq has already revalued the currency. Iraq has to revalue before the UN will exit out.
Today on Monday Iraq is holding their elections. What does this mean to us? According to Iraq's Central Bank removing corruption is the absolute minimum requirement for Iraq to be eligible to revalue their currency...These are the provincial level elections. It's the second half of the government. They already completed and held all their federal elections in October of last year...These elections are critical to the country to move it forward...
You'll be able to go to 53rd Bank on the east coast [to exchange your dinar]. I've already consulted with them. You'll be able to exchange your foreign currency there and they won't charge you any fees to exchange your foreign currency..
The reason why there's no news coming out of Iraq is because Iraq is done with everything. They finished everything needed to revalue. They're ready to revalue but they can't and they're not going revalue immediately because they have to clean up corruption. Article: "Al-Halbousi faces 4 criminal charges after the end of his presidency" Boom!... Halabousi is going to be facing 4 criminal charges.
In order for the 2023 budget to be implemented Iraq needed to have publicly posted in the Gazette the budget operating instructions. They never did that. That step never happened... Iraq has not implemented its '23 budget that's why they have to resort to financing salaries and have done so since July...If they had an active budget they would not need to finance.
You're like, why hasn't Iraq revalued? They've gotten everything done?' And they do! Iraq has everything done. They're ready to revalue but they're not going to revalue till they tackle corruption...They have to remove this corruption.