More Iraqi News Thursday Evening 3-31-22

Iraqi News Thursday Evening 3-31-22

TLM724 Administrator BondLady’s Corner

The President Of The Baghdad Chamber Of Commerce Receives The Romanian Ambassador And Discusses With Him Joint Commercial Cooperation

Economie| 02:57 - 03/31/2022  l   Baghdad - Mawazine News    The President of the Baghdad Chamber of Commerce, Firas Al-Hamdani, received today, Thursday, the Romanian ambassador to Iraq, "Rado Octavian Dobri", in the presence of a member of the Chamber's Board of Directors, Ali Al-Mukhtar. The two sides discussed opening prospects for cooperation and joint trade exchange between the two countries and strengthening economic relations in various fields. .

A statement by the Chamber, received by Mawazine News, stated, "During the meeting, Al-Hamdani stressed the priorities of the Baghdad Chamber of Commerce's work, communicating with the chambers of commerce in the world, and opening lines for joint commercial and economic work. The local and global market, and we also welcome the strengthening of relations between Iraq and Rome, especially at the level of trade and investment.

For his part, the Romanian Ambassador, Radoa Octavian Dobri, expressed his pleasure to communicate with the Baghdad Chamber of Commerce and its President Al-Hamdani, and to learn about the importance of commercial relations between the Chamber and the Embassy, ​​and that Rome is ready for joint cooperation between the two sides and support the Iraqi market, and that more than 2,000 Romanian trading companies wish to work in Iraq, and this enhances the Relations between Iraq and Rome. Ended 29 / 92 https://www.mawazin.net/Details.aspx?jimare=188922

Securities: An Advanced Electronic System For Trading Bonds

Posted On2022-03-31 By Sotaliraq  Baghdad: Omar Abdul Latif   The Securities Commission and the Iraq Stock Exchange are working on creating a highly advanced electronic system for bond trading, and at a time when the value of bonds listed in the market reached 2 trillion dinars, it warned against dealing with “fake” companies claiming to deal with the global stock exchange.

The head of the commission, Hassan Al-Agaili, said: “The bonds were offered more than once, the last of which was when the Central Bank offered construction bonds, and the commission’s approval was obtained for its inclusion in the Iraqi Stock Exchange and it is negotiable,” noting that “trading in them as bonds is still weak due to the lack of definition of them.” and marketing.”

He added, "The authority and the market are working to create a highly advanced electronic system through a sound and highly developed electronic legal environment for bond trading, to be a great opportunity to invest in funds that are guaranteed profits and free of risk."

Al-Ugaili confirmed that "the bonds issued last year are listed on the Iraqi Stock Exchange, and are ready to list any new issues," noting that "their value is 2 trillion dinars."

He explained that "there is the phenomenon of companies claiming to deal with global stock exchanges, and they are absolutely not licensed by the Commission, and it is not permissible in Iraqi law to permit this activity, and their work involves great danger."

He added that "some investors whose money was lost, submitted complaints to the authority, and it was able to take legal measures against the persons claiming to own these companies, and some of them were issued judicial rulings after cooperation by the authority and the National Security and Intelligence agencies," noting that "the means of communication are full of advertisements from these institutions, which are (( fake) because it is not licensed, and some state institutions even use their platforms to advertise these companies, such as malls and sports stadiums.”   LINK

Parliamentary Finance: The Food Security Law Will Be Implemented Within 15 Days

Political | 12:58 - 31/03/2022   Baghdad - Mawazine News    The Parliamentary Finance Committee confirmed today, Thursday, that the Food Security Law will be completed within 15 days.

A member of the Parliamentary Finance Committee, Nazim Al-Shiblawy, said, "The Parliamentary Finance Committee has set a maximum period of 15 days to complete the emergency food security support law," noting that "the law will depend on the financial abundance achieved from the rise in oil prices."

Al-Shiblawy added, in a statement to the official television, that "the law will include the needs of the projects of the ministries of electricity and oil," noting that "the members of the Finance Committee reject the borrowing clause in the law." Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=188910

In The Document.. Reducing The Official Working Hours During The Month Of Ramadan

Local | 02:22 - 03/31/2022   Baghdad - Mawazine News  publishes "Mawazine News", a circulating document, which includes a decision to reduce the official working hours in government departments to one hour, during the month of Ramadan.   https://www.mawazin.net/Details.aspx?jimare=188919

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

"Information Please!" Posted by Mot at TNT

TNT:

Mot: “Information Please,“ ..................

When I was quite young, my family had one of the first telephones in our neighborhood. I remember well the polished oak case fastened to the wall on the lower stair landing. The shiny receiver hung on the side of the box. I even remembered the number: 105.

I was too little to reach the telephone, but I used to listen with fascination when my mother talked into it. Once she lifted me up to speak to my father, who was away on business. Magic! Then I discovered that somewhere inside that wonderful device lived an amazing person — her name was “Information Please,“ and there was nothing that she did not know.

My mother could ask her for anybody’s number and when our clock ran down, Information Please immediately supplied the correct time.

My first personal experience with this genie-in-the-receiver came one day while my mother was visiting a neighbor. Amusing myself at the tool bench in the basement, I whacked my finger with a hammer. The pain was terrible, but there didn’t seem to be much use crying because there was no one home to offer sympathy.

 I walked around the house sucking my throbbing finger, finally arriving at the stairway. The telephone! Quickly, I ran for the footstool in the parlor and dragged it to the landing. Climbing up, I unhooked the receiver and held it to my ear. ”Information Please,“ I said into the mouthpiece just above my head. A click or two, and a small clear voice spoke into my ear. “Information.” ”I hurt my fingerrr-“ I wailed into the phone.

The tears came readily enough now that I had an audience. ”Isn’t your mother home?“ came the question. “Nobody’s at home but me,” I blubbered. “Are you bleeding?“ ”No,” I replied. “I hit it with the hammer, and it hurts.” ”Can you open your icebox?“ she asked. I said I could. ”Then chip off a little piece of ice, and hold it on your finger. That will stop the hurt. Be careful when you use the ice pick,“ she admonished. “And don’t cry. You’ll be all right.”

After that, I called Information Please for everything. I asked for help with my Geography, and she told me where Philadelphia was, and the Orinoco — the romantic river I was going to explore when I grew up. She helped me with my Arithmetic, and she told me that a pet chipmunk — I had caught him in the park just that day before — would eat fruits and nuts. And there was the time that Petey, our pet canary, died. I called Information Please and told her the sad story. She listened, then said the usual things grown-up say to soothe a child.

But I was unconsoled. Why was it that birds should sing so beautifully and bring joy to whole families, only to end as a heap of feathers feet up, on the bottom of a cage? She must have sensed my deep concern, for she quietly said, ”Paul, always remember that there are other worlds to sing in.“ Somehow, I felt better.

Another day I was at the telephone. ”Information," said the now familiar voice. “How do you spell fix?” “F-I-X.“ At that instant, my sister, who took unholy joy in scaring me, jumped off the stairs at me with a banshee shriek: ”Yaaaaaaaaaa!” I fell off the stool, pulling the receiver out of the box by its roots. We were both terrified — Information Please was no longer there, and I was not at all sure that I hadn’t hurt her when I pulled the receiver out.

Minutes later, there was a man on the porch. “I’m a telephone repairman. I was working down the street, and the operator said there might be some trouble at this number.” He reached for the receiver in my hand. “What happened?“ I told him. ”Well, we can fix that in a minute or two.“

He opened the telephone box, exposing a maze of wires and coils, and fiddled for a while with the end of the receiver cord, tightened things with a small screwdriver. He jiggled the hook up and down a few times, then spoke into the phone. “Hi, this is Pete. Everything’s under control at 105. The kid’s sister scared him, and he pulled the cord out of the box.” He hung up, smiled, gave me a pat on the head, and walked out the door.

All this took place in a small town in the Pacific Northwest. Then, when I was nine years old, we moved across the country to Boston — and I missed my mentor acutely. Information Please belonged in that old wooden box back at home, and I somehow never thought of trying the tall, skinny, new phone that sat on the small table in the hall.

Yet, as I grew into my teens, the memories of those childhood conversations never really left me; often in moments of doubt and perplexity, I would recall the serene sense of security I had when I knew that I could call Information Please and get the right answer. I appreciated now how very patient, understanding, and kind she was to have wasted her time on a little boy.

A few years later, on my way back to college, my plane put down in Seattle. I had about half an hour between plan connections, and I spent 15 minutes or so on the phone with my sister who lived there now, happily mellowed by marriage and motherhood. Then, really without thinking what I was doing, I dialed my hometown operator and said, ”Information Please.“

Miraculously, I heard again the small, clear voice that I know so well: ”Information.” I hadn’t planned this, but I heard myself saying, “Could you tell me, please, how to spell the word ’fix’?” There was a long pause. Then came the softly spoken answer. “I guess,“ said Information Please, ”that your finger must have healed by now.” I laughed. “So it’s really still you. I wonder if you have any idea how much you meant to me during all that time....” “I wonder,“ she replied, ”if you know how much you meant to me? I never had any children, and I used to look forward to your calls. Silly, wasn’t it?“ It didn’t seem silly, but I didn’t say so. Instead, I told her how often I had thought of her over the years, and I asked if I could call her again when I came back to visit my sister when the semester was over. “Please do. Just ask for Sally.”

”Goodbye, Sally.“ It sounded strange for Information Please to have a name. ”If I run into any chipmunks, I’ll tell them to eat fruits and nuts.“ “Do that,” she said. “And I expect one of these days you’ll be off for the Orinoco. Well, good-bye.“

Just three months later, I was back again at the Seattle airport. A different voice answered, ”Information,” and I asked for Sally. “Are you a friend?” ”Yes,“ I said. ”An old friend.“ “Then I’m sorry to have to tell you. Sally had only been working part-time in the last few years because she was ill. She died five weeks ago.” But before I could hang up, she said, ”Wait a minute. Did you say your name was Villard?“ ”Yes." “Well, Sally left a message for you.

She wrote it down.” “What was it?“ I asked, almost knowing in advance what it would be. ”Here it is, I’ll read it — Tell him I still say there are other worlds to sing in. He’ll know what I mean.’”

I thanked her and hung up. I did know what Sally meant.

Author Paul Villard

Thursday Evening Update With MarkZ 3-31-2022

Thursday Evening Update with MarkZ 03/31/2022

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Who’s ready for this thing to blast off ?

Member: I can't wait to cross the finish line

Member: Yo yo yo mark z and the rv gang, I have decided to identify as someone who has RVd!

MZ: I have a number of people with bond appointments this evening…expecting full funding. The earliest one should have been about an hour ago….They have not been called in yet. We are all waiting for news.

MZ: What I did share on PPN this afternoon is I have a number of contacts….not just one, who have updated their contact information for PP’s….. Prosperity Packages have an additional thing now where you can gift to people who do not have any prosperity packages. They can add people to that list. So I have a number of Prosperity people who were contacted to update information and add people to their gifting list or remove people they no longer want on it…

MZ: It is very positive hearing more news on Prosperity Packages.

MZ: Redemption Center Folks are expecting to be on call this weekend. They have not been told they have to work….yet

MZ: The chatter out of Iraq is still very positive. In a nutshell they are talking over there what the new government is going to look like, roadblocks to seating the new president have been removed and they expect to have one sat by the 4th….even though their goal was the 6th…It’s interesting that they have 2 goals on the 4th now….To have a new currency rate and anew government sat.

MZ: We may have a very busy 3-4 days ahead of us.

Member: Mark...why do we still care about day-to-day events in Iraq when 7+ countries have already gone gold-backed???

Member: All pieces of the same big puzzle…imo

Member: What did Mr C say on PPN today?

Member:  Mr C said codes not entered yet. but this is the most positive activity to date that indicates we are close. he has no idea of when he will be summoned to enter the codes

Member: Mark if the GCR happens first wouldnt that put all currencies at 1:1 . so the Dong would be 1:1 as well

Member: If codes were given to Mr C now, wouldn’t Biden then get credit for it?

Member:  weird things at my huntington bank today closed early and closed drive thru lane somthing is up

Member: Hi I’m new to this what are the bonds you refer to that have to fund before the dinar and dong

Member: Historic bonds….many were issued by countries…..German bonds after World War 2, different railroad bonds, Chinese Bonds, Dragon bonds and many others…….

 Member: KTFA: Samson: The Iraqi government reduces the official working hours during the month of Ramadan by one hour

Member: So they work all through Ramadan…with only an extra hour off …..good news….many thought no one would work during Ramadan

Mod:  Estimated Rates: Dong - low to mid $2 (up to $4.00???), Dinar - $6.00 (up to $11.00???), Zim - .30 (per million) without projects, higher rate with projects only for projects, Indo Rupiah $1.47

Member: WOW tomorrow is April

Member: no fool like an April fool.........

Member: Wouldn't it be hilarious if this whole thing hit full force tomorrow? Everyone would  think it's a joke!!

Member: Hoping tomorrow brings Nesara

Member: My daughters student loans were zero’d out…..I think Nesara already started.

Member: Under NESARA, no income tax, no tax on food, medicine or other essentials. Tax will be on new non essential items. If you buy a new car, you will pay tax on it, if you buy a used car - no tax

Member:  I speak for so many on here Mark we think you are great and you have a really great group of MODS thanks for all you guys and gals DO

​Member: I believe we all need to visualize all the wonderful ways we will help people and animals when we hit the jackpot.....will speed up the manifestation

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Whiskey and Wisdom is tonight at 8 pm est…..

The next stream is tomorrow at 10Am est……..unless

https://www.youtube.com/watch?v=wVbUtguL9Hg

News, Rumors and Opinions Thursday PM 3-31-2022

TNT:

Yada:  Bringing this to everyone's attentions: State of Law reveals an initiative that will be handed over to alSadr.. What is its content? – Urgent

The leader of the State of Law coalition, Thaer Mikheib al-Jubouri, confirmed today, Thursday, that the initiative of coalition leader Nuri al-Maliki has been crystallized and will be announced today or tomorrow in front of public opinion, while it will be handed over to the leader of the Sadrist movement, Muqtada al-Sadr, and the rest of .the political parties to respond to it before the next parliament session

Looked up the political term: Crystallized and politically, believe it means he has been halted, denounced, or a change in status.

Skinman:  I think this is a good thing I think

Yada:  Very good thing. From the article, Thank you Tish, it is being released to all the groups.

Skinman:  Well if they cool Maliki‘s jets, isn’t there an arrest warrant for him? Maybe we can drop them off at the police station

RVAlready:  We should have the RV tomorrow. Then Iran can figure out how to continue to steal.  Hope US fiat currency is dead tomorrow, replaced by asset-backed currency, and all non-Basel 3- compliant banks are out of business….They have had way too long to make the transition.

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Tishwash:  State of Law reveals an initiative that will be handed over to alSadr.. What is its content? - Urgent 

The leader of the State of Law coalition, Thaer Mikheib al-Jubouri, confirmed today, Thursday, that the initiative of coalition leader Nuri al-Maliki has been crystallized and will be announced today or tomorrow in front of public opinion, while it will be handed over to the leader of the Sadrist movement, Muqtada al-Sadr, and the rest of .the political parties to respond to it before the next parliament session

Al-Jubouri told (Baghdad Today) that "the dialogues about the initiative will precede the session, and accordingly, there may be a solution within a few days, before the session to elect the president of the republic, which is scheduled for approximately four days," noting that "the session will be between the fourth and sixth of this month, and accordingly, we are contemplating That the partners take the initiative to ".end the political blockage

He added that "a meeting was held between the coordination framework and other parties to prepare the initiative to announce in front of the other blocs so that the necessary solutions would then be considered, so until we reach the date of the presidential election session and things are proceeding according to what was agreed ".upon  link

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KTFA:

Samson:  European Countries Enter A New Crisis For Refusing To Deal In The Ruble

30th March, 2022

A number of European countries announced their rejection of Moscow's request to move to ruble payments to pay for Russian gas imports to it.

A spokesman for British Prime Minister Boris Johnson told reporters, Wednesday, that the Minister of Business, Energy and Industry Kwasi Koarting, in cooperation with his colleagues, "has made it clear that they will not pay in rubles."

For its part, spokeswoman for the Bulgarian government, Lina Borislavova, said that her country also rejects the Russian request, stressing that the position of the Sofia government, which is being coordinated at the European Union level, is that it should not be allowed to violate the contracts that stipulate that payments come either in euros or dollars.

For her part, Austrian Defense Minister Claudia Tanner confirmed that Vienna will not also pay in rubles for Russian gas, noting that his country has a common position with other European countries in this regard.

The European Commission and representatives of a number of European countries had put forward similar positions in the past few days.

In turn, Russian Deputy Foreign Minister Sergei Ryabkov announced in an interview with RT that Russia, by its decision, does not violate the contracts, but seeks to defend its interests in light of Western sanctions imposed on it after launching its military operation in Ukraine.

Ryabkov described the recent Western sanctions as "irresponsible and shook the foundations of international trade and the global financial system," expressing Moscow's hope that "the European Union and other countries will take correct decisions."

The Russian diplomat pointed out that a number of countries immediately abandoned their obligations under contracts concluded with Russia in many areas, adding: "I hope that we will not face the continuation of this fierce economic war, and I call on all those responsible for decision-making in Europe today to be rational." Ryabkov expressed Moscow's hope that a compromise would be reached that would ensure that the Russian demand would be met.

President Vladimir Putin had previously ordered "unfriendly countries" to pay for Russian gas exports to them in rubles.   LINK

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Samson:  The Russian government bypasses Western sanctions with a new mechanism

31st March, 2022

The Russian government has allowed the parallel import of a certain group of products and goods, and there is talk of allowing products to be imported through third countries, without the consent of the trademark owner or the manufacturer

And the Russian Prime Minister, Mikhail Mishustin, announced, during a government meeting held yesterday, the signing of a document on allowing the import of goods through third countries, without the consent of the trademark owner or the manufacturer

Mishustin pointed out that the goal of the new mechanism is to meet the demand for goods that have intellectual property protection, pointing out that previously it was not allowed to sell products in Russia without the permission of the owner of intellectual property rights

The Russian Prime Minister added that the Russian Ministry of Trade and Industry will publish a list of the products covered by the new decision

Experts believe that the Russian government, through this step, intends to bypass Western sanctions imposed on the country and combat a shortage of foreign goods popular in Russia  LINK

Iraqi Dinar update for 03/31/22 - No rate change until

Pimpy’s Investment Chat

https://www.youtube.com/watch?v=XmHP7z9DNHE

KTFA Members "News and Views" Thursday Afternoon 3-31-2022

KTFA:

Samson:  The Iraqi government reduces the official working hours during the month of Ramadan

31st March, 2022

The General Secretariat of the Council of Ministers decided today, Thursday, to reduce the official working hours by one hour during the month of Ramadan in all government departments and institutions.

This came according to an official letter appended to the signature of the Secretary-General of the Council, Hamid Naim Al-Ghazi, on March 31.

The decision was left to government institutions and departments to determine the reduction, whether at the beginning or end of official working hours.  LINK

Clare:  IN PRINT..THEY STILL WORK DURING RAMADAN. imo

Samson:  After Parliament failed to hold the second session of 'choosing the president'... the framework prepares an initiative to bypass the 'node'

31st March, 2022

Al-Hamami, indicated that the coordination framework is in the process of completing and putting forward an initiative in order to proceed with negotiation, dialogue and understanding in order to end the state of political blockage.

"It has become clear to the political forces the general situation and that there is no way but to sit at the table of understanding and end the political blockage for which the Iraqi citizen pays,  LINK

DeepWoodz:  imo   Sadr said NO

 Article 70     Second

If none of the candidates receive the required majority vote then the two candidates who received the highest number of votes shall compete and the one who receives the majority of votes in the second election shall be declared President.

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Samson:  Trade Bank of Iraq

31st March, 2022

Dear customers, for the purpose of achieving the highest level of security improvements followed in ATM and the application of the bank, a security check will be carried out, so we would like to ask your attention in case of a service discontinuation on Friday 1/4/2020 for 12 hours and starting at 1 o'clock in the morning for the purpose of updating.  LINK

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Samson:  Erbil announces Ramadan plan and warns merchants: We will not allow you to raise prices

31st March, 2022

The mayor of Erbil Governorate announced on Thursday that it is monitoring the markets in anticipation of a rise in food prices with the approach of the month of Ramadan.

Nabz Abdul Hamid, the mayor of the district of Erbil, toured the markets to see the prices of foodstuffs and urged merchants not to raise prices.

Abdul Hamid said in a press conference held on this occasion and attended by Shafak News Agency, that this visit came with the specialized committees in Erbil governorate to monitor market conditions, especially as we are approaching the month of Ramadan, and perhaps some traders are raising prices, adding, "We are constantly monitoring market conditions from Through the specialized committees, the demand for food, especially sweets, should not be a motive for traders to raise prices.

He added, "These committees will be in constant monitoring of markets and prices, and we want to assure citizens that we will not allow traders to take advantage of the situation to raise prices.  LINK

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Samson:  Oil prices fall $ 6 as America seeks to liberate 180 million barrels

31st March, 2022

Oil prices fell more than $6 a barrel on Thursday, as the United States considered freeing up to 180 million barrels of its Strategic Petroleum Reserve over several months to calm surging crude prices

Brent crude futures fell $5.15, or 4.54 percent, to $108.30 a barrel at 04:30 GMT. US West Texas Intermediate futures fell $6.17, or 5.67%, to $101.71 a barrel, after falling earlier to $100.85

Three sources said that US President Biden will make statements later on Thursday announcing the plan aimed at reducing gasoline prices, which rose to record levels in the wake of the Russian invasion of Ukraine, which is to free 180 million barrels of oil

News of the possible release of US oil overshadowed a meeting scheduled for later on Thursday between the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia

The group known as OPEC+ is expected to stick to its current agreement to gradually increase oil production

Oil prices rose about 3% on Wednesday, driven by supply concerns as peace talks between Russia and Ukraine, which describe their actions as a "special operation", stalled

Russia is the world's second largest oil exporter, and sanctions imposed as a punishment for the invasion have disrupted flows from the country, driving up prices

In November, the United States announced a plan to release 50 million barrels of Strategic Petroleum Reserve, mostly through exchanges where the buyer agrees to exchange oil at a later date

The study of liberating the quantities of US oil comes at a time when US commercial oil stocks fell by 3.4 million barrels in the week ending on March 25  LINK

"We Stand on The Gold LaunchPad" by Lawrence Lepard

Lawrence Lepard: We Stand on the Gold Launchpad

Palisades Gold Radio:  3-31-2022

The actions of Russia will likely begin driving the price of gold. We've reached a tipping point not unlike when Charles de Gaulle began demanding gold in the 70s.

Putin is hitting back economically. The seizure (theft) of reserves was a clear warning to many countries. The Ukraine/Russia conflict is equally an economic one.

Lawrence discusses the low valuations in commodities and the lack of capital investment in resources. Inflation appears to now be the norm. The dollar could go higher because it's still the best of the worst.

The trend in purchasing power will continue to decline. He says, "Their drunk and they can't stop drinking." Europe needs Russia's oil and Putin is forcing a seat at the table.

The West has ignored and treated Russia like a second-class citizen for too long. The arrogance of those in power is stunning, and Putin is not stupid. They are not used to someone standing up to them and winning.

We are on the verge of another move higher in gold. Margins and multiples in equities are going to come down and holding general stocks now makes no sense. "A huge trend change is coming... and you want to be on the right side of this.

If you're not investing in the right areas it's going to be a very painful experience." Front running may be part of the equation for inflation. Wages aren't likely to keep up, and it's difficult to assess all the various parts of the inflation picture.

It takes time to solve supply chain issues and find good workarounds. He states, "A capital system based on the correct allocation of capital will make more stuff for less. We need productivity."

A crackup boom is a possibility and so is hyperinflation. A crackup boom occurs when the majority realize that government will never stop printing. People change their spending habits and will buy stuff they don't need to sell it later.

Another sign is a stock market that continues shooting up relentlessly. Lawrence expects the problems we see with nickel markets to also occur with other commodities. The LME changed the rules, breaking prior trades, and screwed a bunch of traders.

Lastly, he discusses how miners remain an excellent buying opportunity. They will provide multiples in leverage over the performance of the metal.

Time Stamp References

0:00 - Introduction

1:01 - Russia's Moves

6:12 - Dedollarizing

9:52 - Dollar Appreciation?

12:04 - Undermining Davos

18:05 - Capital Rotation

21:48 - Supply Chains & PPI

24:50 - Should'ves & Could'ves

28:57 - Crack-Up Boom

32:33 - Feds Final Pivot

37:57 - Stocks Over Bonds

40:49 - Nickel Markets & LME

45:25 - Bitcoin & Metals

49:38 - Biden Tax Hikes?

53:20 - Miner Performance

55:15 - Wrap Up

Talking Points From This Episode - Russia and how they are pushing back in the economic war. - The continued risk of high inflation, a crackup boom, and further supply chain problems. - Expect the types of problems in nickel to appear in other commodities.

https://www.youtube.com/watch?v=2xJvPsovPjM

A Brief History Of Economic Warfare

A Brief History Of Economic Warfare

By Jamie Catherwood March 20, 2022

Today’s article was first published on the Stokes Family Office Blog, which I’d encourage every one to check out and monitor over the coming months. The Stokes team has assembled a great team of writers that will be publishing interesting content covering a range of topics.

 The ongoing Russia-Ukraine war and subsequent rounds of economic sanctions has highlighted the important role of money in conflicts.

Over the course of centuries, nations have utilized money as a means of control and geopolitical influence. Financial instruments and economic sanctions have been wielded like any another weapon.

In fact, President William Taft’s foreign policy became known as one of ‘Dollar Diplomacy’. President Taft explicitly referenced the interchangeability of traditional weapons and debt in his State of the Union Address in 1912, explaining that his foreign policy was to “substitute dollars for bullets”.

This article uses historical case studies across multiple centuries to demonstrate how money has been weaponized or used as a geopolitical tool in conflicts.

PILLAGING, PLUNDERING & SIEGES: THE IMPORTANCE OF MONEY IN CONFLICT

A state’s financial strength has always been an important factor in determining military outcomes, but this influence became more pronounced in 16th century Europe. Considering that 95% of the years between 1500-1599 in Europe experienced war, it is not surprising that this inflection point occurred in 16th century Europe.1

However, why did money and finance become more influential for military outcomes in this period specifically? The answer lies in a group of technological innovations known as the “Military Revolution”. In particular, the introduction of gunpowder dramatically altered how armies waged war. Historians Gennaioli and Voth explain:

“The spread of cannon after 1400 meant that medieval walls could be destroyed quickly. Fortresses that had withstood year-long sieges in the Middle Ages could fall within hours. In response, Italian military engineers devised a new type of fortification — the trace italienne. It consisted of earthen bulwarks, covered by bricks, which could withstand cannon fire.

These new fortifications were immensely costly to build. The existence of numerous strongpoints meant that wars often dragged on for long periods of time –  winning a battle was no longer enough to control a territory.”2

In short, gunpowder facilitated the rise of cannon-warfare, which led to the existing flimsy fortresses being replaced with stronger fortifications that could endure cannon fire. Building these fortifications was expensive. However, these stronger fortresses also made battles longer since destroying enemies’ strongholds became harder to conquer.

At a higher level, new technologies like gunpowder, cannons and firearms required training soldiers on how to operate them in battle. This operational necessity slowly led to the creation of standing armies, requiring further investment from the state. Consequently, the costs of organizing and maintaining a standing army were outrageously expensive before war even began.

As the costs of funding militaries rose, economically powerful countries obtained a meaningful advantage. The chart below shows how much of an advantage these richer countries possessed during war over time:3

COUNTERFEITING WARS

To continue reading, please go to the original article here:

https://investoramnesia.com/2022/03/20/brief-history-of-economic-warfare/

Iraqi News Thursday Afternoon 3-31-22

Iraqi News Thursday Afternoon 3-31-22

TLM724 Administrator BondLady’s Corner

Oil Prices Fell, With The Biden Administration's Intention To Move Towards Using The Reserves

Economie| 09:08 - 31/03/2022    Baghdad - Mawazine News    Today, Thursday, oil futures contracts witnessed a decline of more than $ 5 a barrel, due to news that the administration of US President Joe Biden is considering withdrawing about one million barrels per day of oil from strategic reserves over several months in an attempt to calm high crude prices.

By 00:35 GMT, Brent crude futures fell $4.71, or 4.2%, to $108.58 a barrel, and US West Texas Intermediate crude futures fell $5.45, or 5%, to $102.74 a barrel.

The Biden administration will make statements later Thursday, during which the president is expected to announce the plan aimed at lowering gasoline prices, which reached record levels in the wake of the Russian invasion of Ukraine. Ended 29 / 92    https://www.mawazin.net/Details.aspx?jimare=188881

A Slight Decrease In The Exchange Rates Of The Dollar In The Local Market

Economie| 10:00 - 31/03/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Thursday, a decrease in the Iraqi local markets.

Baghdad   Sale 147.500 dinars    Buy 146.500 dinars

North   Sale 147.750 dinars    Buy 146.750 dinars

South   Sale 147.750 dinars    Buy 146.750 dinars

https://www.mawazin.net/Details.aspx?jimare=188886

The Pentagon: Iraq Is Making Great Progress In Restoring Its Air Force

Posted On2022-03-31 By Sotaliraq   Translated by Hamid Ahmed   An American magazine revealed that Iraq has made great progress in restoring its military air power, pointing out that it possesses an advanced fleet of combat and helicopters of different origins, ready to carry out duties against terrorist targets.

The American magazine (Forbes) stated in a report translated by (Al-Mada), that "Iraq has made remarkable progress over the past few months by returning combat aircraft to service in an effort to restore its full military air power."

The American magazine quoted what was stated in the latest report of the Office of the Inspector General in the Pentagon about the campaign of the international coalition against ISIS before Congress, which covered the period of the last quarter of 2021, in which it stated that “all F-16 fighter-bombers and all AC-208 Caravan warplanes are not They still constitute the main strike platforms of the Iraqi Air Force, and their utilization rates and their sorties’ capabilities are similar to the rates of the previous quarter of that year.”

He pointed out, "These two types of aircraft can carry precision-guided laser-guided bombs and missiles that are used to accurately and effectively strike targets belonging to the terrorist organization ISIS, in areas of the north and west of the country."

The report noted that “several reports that had appeared in the period between 2020 and 2021 stated that the F-16 fleet was sitting idle due to corruption, its lack of regular maintenance, and the absence of the required support from the US contracting party, noting that the fleet appears to be in a dire state.

When the American contractors left Balad Air Base in mid-2021 due to repeated missile attacks by armed factions on the base.”

The report stressed, "A part of these contractors were transferred to Erbil, the capital of the Kurdistan region, and they provided assistance to Iraqi technicians through video instructions on the Internet and daily visits by American technicians to the Balad base to provide assistance directly."

The report stressed that "the Iraqi air force managed to maintain a sufficient number of F-16 aircraft, prepared for flights and to carry out strikes against the targets of ISIS militants, who still pose a security threat."

He noted, "Baghdad has also sought to return aircraft of other types to service, in addition to the F-16 and A-C-208 Caravan aircraft, there are aircraft, Aero L-159 light Czech-made fighters and Sukhoi Su-25 fighter jets, which carried out a number of strikes." and overflights during the last quarter of 2021 as well.

And the report indicated, "The Office of the Inspector General spoke about a remarkable role of the Sukhoi Su-25 fighter jets in carrying out air strikes, because they had not been used in combat missions for five years, as they were also disabled at the beginning of 2021 due to the aircraft's lack of spare parts and funding."

He continues, "The Sukhoi planes and the Czech planes were secondary, unlike the F-16 and AC-208 planes, due to their inability to fire guided bombs and ammunition. Rather, they carried out sorties using unguided Mark-82 bombs of general use."

And he stated, "Sukhoi planes were also widely used in training flights, due to their inability to launch laser-guided weapons and munitions with precise hits to the target."

The report stressed that Iraq has also “enhanced its air capabilities through the use of its attack helicopters, as it owns a fleet of Russian-made Mi-28 and Mi-35 aircraft that it imported from Russia between 2013 and 2014.”

He added, "These attack helicopters were used to provide air cover and support for the Iraqi ground forces during their military campaigns against ISIS."

And the report goes on, that "Iraqi Defense Minister Jumaa Inad Saadoun visited on the first of March the Taji air base to examine some of those helicopters that had been returned to service, and during his visit, ten helicopters were filmed taking off in the air to demonstrate their effectiveness."

The report quoted the Iraqi Minister of Defense as saying, “We only want to show a campaign of repair and maintenance for a number of military helicopters, and we are continuing with this campaign and we plan to repair a second batch of these helicopters in the near future and so on until we complete the repair of all the dead helicopters, and thus we increase More than 80% of these aircraft are prepared and ready.”

The report stated that “20 of the air strikes carried out by Iraq against ISIS during the last quarter of 2021 were achieved using F-16, AC-208, L-159 and Sukhoi 25 aircraft, while the combat helicopters of the Army Aviation carried out 11 air strikes. others during that period.

The report went on, "Examples show that the Iraqi air force is still alive, effective, and able to thwart the attempts of ISIS to restore its bloody terrorism in the country."   LINK

The Minister Of Finance Reveals A Tendency To Establish An Emergency Fund

Today, Thursday, Finance Minister Ali Allawi revealed a plan to establish an emergency fund.

Allawi told the Iraqi News Agency, "The ministry is committed to following up and implementing the paragraphs of the emergency support and food security law in a way that guarantees the purpose for which it was prepared."

He added, "During the hosting in the Parliamentary Finance Committee, opinions and views related to the details of the law and the ways to implement it were exchanged according to the priorities and timelines stipulated, and to focus on ensuring that the maximum benefit from the law is achieved in supporting the weak and low-income groups and reducing the effects of high global prices for foodstuffs." the basic".

He continued, "A number of issues, economic and development affairs, and the course of fiscal and monetary policy were also discussed, such as preparing final accounts, project allocations, ration card items, public spending ratios, achieved financial revenues, and the issue of external and internal debts," noting that "the possibility of establishing a fund for emergency cases and facing challenges was also discussed." local and international.   https://www.radionawa.com/all-detail.aspx?jimare=28774

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 Bond Ladys Corner

"Coffee With MarkZ" Thursday Morning Chat 3-31-2022

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Thursday  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Well one thing is for certain... this is definitely not a fast food burger! That I like... a slow cooked , well done with all the fixings to make burgers great again!

Member: April 1st, all "unfriendly countries must pay in Rubles for gas ect to Russia🇺🇸April 1st looks like a great marker from all intel rabbit holes....

Member: Someone on PPN announced last night that Mr. C has entered the codes

MZ: Mr. Cottrell has not entered the codes yet. But I did find out he will be on PPN at 12 central/1 est today. So you will get the explanation ….

MZ: It was quiet overnight which does not surprise me.. We do have expectations of bonds to start free flowing sometime today. As well as Prosperity packages, Settlements, CMKX ect……

MZ: There is tremendous chatter going on between the bond holders and bond redeemers in Europe. The earliest I am expecting to see anyone with a free flow of funds is after 6 pm est…..so we have to be patient.  This is an exceptionally late time for Europe when they expect that release.  

MZ:  I am hopeful this will finally be “it” this week. I am hopeful Iraq will finally have a new value on the dinar before we hit the fourth on Monday. We are here at what appears to be the end.

MZ: Also, Temper your excitement…..There may be a lot of trolls out there pretending to be all kinds of people…..Beware of fake posts that are pretending to me or Charlie, or Mr. Cottrell or others…... They love messing with the Dinar community.

MZ: if you see rumors put out there…..don’t panic…wait and see if its verified by people you trust….We knew they would pump out a lot of smoke at the end…..so expect it.

Member: Yes- As Mark says, Temper your excitement with reason . If Mr. C had done the deal-we would have been notified…

MZ: Yes- you would know it….you would be getting emails and announcements from all the dinar aggregating sites…. You would see me wearing the golden egg shirt with the golden hat on right here….and instead of the news banner on…you see any contact numbers or email addresses you guys would need ….

Member: So much fake news and rumors everywhere……..my head is spinning

Member: Yes….Disinformation EVERYWHERE.. We were told this would happen at the end….

Member: It is possible the good guys also post fake stuff to throw off any bad actors as well

Member: When the bonds go are we still looking at 7 to 10 days for them to finish so we can start?

MZ: it is roughly a 7 day-ish period while this thing rolls out before we are physically in the banks. This was how it was originally expected to go around the year 2000.  I’m not sure they require this anymore…

MZ: Years ago the plan was to expect 2-3 days for bonds, then a 2-3 day period for PP’s CMKX and settlements …..then the actual reset of currencies……The F&Ps portion was supposed to be paid in fiat….then we get the reset and the balance of funds paid in asset backed/gold backed currency.

MZ: We were told this plan changed around 2010-2012 period….where all the funds would be paid out in asset backed/gold backed currency. I am not 100% certain what to expect now time-wise….my guess would be when historic bonds start paying…it will be 3 days to 7 days until we are actually physically going to the banks with our currencies. During that time we should have already made our appointments or at least seen that process starting.

MZ: My guess is if bonds do indeed start processing tonight we could see our 800 numbers or secure links emails within 24-48 hours of that.   Probably our appointments would start a few days out to give them a chance to take care of the bonds, settlements, ect..and have the liquidity in the banks to handle us.

MZ: Money will need to be in the system and being spent to cause a velocity or free flow of money.

MZ: You will probably see a freeze of all currency values worldwide when that occurs. At which point people will stop selling it…you will not be able to buy it…speculators may come out of the woodwork to try to take advantage of people that are hurting .

Member: Will we see rainbow currency tomorrow

MZ: Hopefully we will …it should be available the following morning after the reset.

Member: any update on the schedule for the redemption center workers this upcoming weekend

Member: What is the Bolivar going to go for…does anybody know?

MZ: There is talk of about .23 cents…if I have done the math right that is about $200,00 US per one million Bolivar. There is huge talk of the Bolivar changing at any moment. They are talking about it on currency sites all over the world right now.

Member: 1,000,000.00 VES = 228,772.00 USD

Member: Today - Thursday: the 'burial' of the 'fiat system'?

Member: Today is the last day the west can buy Russian oil without Rubles or gold. Today is the last day banks can exist without being Basel3 compliant. Today is the last day before the incorporated US dissolves….

MZ: I hope you are correct on the dissolution of the corporation.

Member: Russia, China, Saudi Arabia, and India are on a 1 to 1 exchange rate. I wonder where the US dollar will fit in this exchange??

Member:  Hey Mark, any reason why Nate Rothschild would tweet that he's really excited for what's going to happen after 3/31/22? Coming from a Rothschild...

MZ: I’m not sure about Nate….but 3/31 happens to be today….There is so much chatter in my intel community domestic and international over what could happen overnight tonight as go into the 1st of April……It will be interesting to see what kind of world we could wake up to tomorrow.

Member: my understanding was not all Rothschilds were against us. there are a cpl on our side

Hey Mark, what type of paperwork or ID's do we have to bring to the redemption centers?

Member: Mark has said take everything you need to open a bank account…..so take ID’s. any reciepts you have, bring your currencies…….maybe birth certificate …take a list of questions you want to ask……it should be easy.

Mark, you are very much appreciated for sharing your heart, time and intel with us!! God Bless you and protect with always!!

MZ: I want to read a letter from Einstein to his daughter…wonderful letter that love conquers all.

Mod: Einstein's letter to his daughter.   https://thriveglobal.com/stories/a-letter-from-albert-einstein-to-his-daughter/

Mod:  SEE MR C ON PPN AT 12PMCST/1PMEST: https://www.thepatriotpartynews.com/

Mod: SEE YOU TONIGHT AT 7PM GOD BLESS THANK YOU FOR JOINING THIS CALL WAS IN MARKS OPINION ONLY

OKIE HAS ONGOING SERIOUS HEALTH ISSUES. OUR COMMUNITY IS THE ONLY HELP HE CURRENTLY HAS - HELP IF YOU CAN- THIS IS THE ONLY LINK TO SUPPORT OKIE.  https://www.paypal.com/paypalme/SeedsofWisdomTeam

OKIE is still very ill and needs our help. Salty has a NEW SOW Humanitarian Fund account just for Okie Every penny goes to Okie to help with Medical costs. Here it is: http://paypal.me/OkieTeam

No Paypal acct needed on this link: https://www.paypal.com/donate?hosted_button_id=J6BM9Z7ZU5RDW

IF THE INTERNET GOES DOWN Emergency number… (712) 770-5028 Code:648989 Playback number (712) 770-5066

IF MARK LOSES THE ABILITY “TO STREAM LIVE"...PLEASE TAKE NOTE OF THE "NEW" EMERGENCY NUMBER EFFECTIVE DAY: (712) 770-5028 Code: 648989 Playback number (712) 770-5055 or 712-770-5066.

The next stream is tonight at 7 pm est….unless. 

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear will be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=UyliLNM3lIo

Holly, Judy and more....Thursday AM 3-31-2022

Thursday Thoughts From Holly

Good morning roomies

“Hard times don’t create heroes. It is during the hard times when the ‘hero’ within us is revealed.” – Bob Riley

We are on the last day of March. This is what I was told:

1. All banks had till today to be compliant on the new system.

2. If they are not they will be shut down and taken over by banks that are.

3. They had 90 days to be compliant and the 90 days is up. 

4. As of April 1st all will be on the new system.

5. Some Bond holders are getting paid

6.  We still need F&P’s and adjudicated to go

7. Hearing (again)we could have a shot gun start for all

Keep the faith. Stay strong. Never, ever give up. You were born for this! Holly

Courtesy of Dinar Guru

Bruce   ...we are still looking for something this week...we are looking at maybe towards the end of the week - If we look at the calendar - we see that Friday is April 1st...Now – we don’t know exactly when we will get notified but it’s quite possible we would receive that Friday and it’s also possible that we could start our exchanges Friday or Saturday – very conceivable...I don’t know whether or not that is the exact plan but we know the physical schedules have been handed out at the redemption centers...So I think it looks like that should be on Friday the 1st...It could be a very interesting weekend for us...

************

RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Thurs. 31 March 2022

Compiled Thurs. 31 March 2022 12:01 am EST by Judy Byington

Global Currency Reset:

Wed. 30 March MarkZ: Overnight the enormous movement of money on the Asian Market turned out to be a successful test of the new QFS system. On Wed. 30 March the Bond Inversion Event on the Market showed that an RV was likely happening. Bond contacts said bonds were expected to be paid out in full late Thurs. 31 March. There were rumors that CMKX deliveries would begin on Thurs. 31 March.

Fleming: Notifications for Fines and Penalties will be delivered by Special Courier. Although these deliveries started this weekend no money has been released – not until Tier 4 notifications start. It’s reasonable then, to believe that by Thursday, 3/31, everything has to be done.

Thurs. 31 March was the (rumored) last day of the Federal Reserve, the last day for business of any banks not Basel Three compliant, gold-backed Ruble payments for gas had to be worked out by Thurs. 31 March, plus as of that 31 March the Petro Dollar would have run it’s course and all nations would go back to their own currencies vs trading in the fiat US Dollar.

Putin gave a Fri. 1 April deadline for dumping the US Dollar.

Fri. 1 April was the (rumored)  beginning of the first quarter of the new Quantum Financial System (QFS) using the Quantum Computer and new digital currency of Blockchain. From now on trading of all nations would be done with gold/asset-backed currency.

Notification for Tier4B (us, the Internet Group) would happen according to Events, not dates, though several Intel providers now claimed that notification to set exchange/ redemption appointments was set for Fri. 1 April, with appointments soon thereafter.

At 12:01 am 1 April was reported by Bruce to be the start of GESARA/ NESARA, plus the USN, USTN and Restored Republic would be in effect.

The Emergency Broadcast System could begin Sat. evening or Sunday 2,3 April.(Allegedly)

Tax refunds, loan interest, Mortgage interest, etc. might be paid back to us starting in April 4-6 and paid out over the next year.(Allegedly)

The US National Emergency would end Sun. 10 April.(Allegedly)

The fiat US dollar (US Inc. was bankrupted by the Chinese Communist Party and Saudi Arabia according to Charlie Ward) would be phased out by the end of the US Treasury fiscal year in Sept. 2022.

*******

Global Financial Crisis:

Wed. 29 March was deadline day in China for Evergrande and their subsidiaries. Think Executive Order 13959. If they fail they are removed forever from Stock market on Friday 1 April. Evergrande = A CIA/Mossad/Mi5 front. They have been funding Dominion systems and all of your rigged Elections Worldwide. When they collapse 80% to 90% of China’s Housing Economy is collapsing, leads to World War III. https://www.google.com.au/amp/s/amp.scmp.com/business/china-business/article/3172428/six-chinese-developers-face-indefinite-trading-suspension

India is set to launch a new financial system to allow it make direct rupee-ruble payments in trade with Russia – and bypass the US dollar in financial transactions: https://twitter.com/rt_com/status/1508429793754292245?s=10&t=TDlySMI2bmIJbzmhzBsi7g

Yesterday Alex Jones went into melt down mode over the collapse of the Central Banking System fiat currency. He created a wave of Fear among his viewers and followers warning that the U.S. dollar was gone, the U.S. could never recover and China was going to rule everything with the New World Order Agenda. What Alex Jones didn’t tell his followers was that the new Banking System rolled though China. connected to Russia, India, Saudi Arabia and dozens of other countries already trading on the new gold  backed/ precious Metal System known as the QFS.

Whiplash347: Weeks ago I ran a story that Alex Jones lost tens of Millions in Russian investments/ banks that have now collapsed and he was in disbelief over the loss. Word on the streets Alex Jones got tens of Millions to lose when the FIAT system he’s supporting goes down. The truth is that the US Dollar will collapse, but the US will survive by going to gold/asset-backed currency.

Read full post here:  https://dinarchronicles.com/2022/03/31/restored-republic-via-a-gcr-update-as-of-march-31-2022/

The UN Warns Of "CATASTROPHIC" Global Food Shortages. Corporate Profits Hit RECORD HIGH.

Greg Mannarino:  3-30-2022

https://www.youtube.com/watch?v=667Xwb0W4nY

"Tidbits From TNT" Thursday Morning 3-31-2022

TNT

Tishwash:  The 'war' of currencies... and the future of the dollar

The dollar is indisputably the dominant international currency, and has been for about 77 years, that is, since the countries participating in the Bretton Woods Agreement in 1944 adopted it as the "official" currency of monetary reserves. 

According to international reports, 59 of the global foreign exchange reserves today are held in dollars, 20 in euros, 6 in Japanese yen, and 5 in British pounds, while the share of the Chinese yuan (or renminbi) is still less than 3.  

But the dominance of the dollar has been under discussion for years due to shifts in the balance of economic power and the emergence of China as a strong competitor to the United States, technical transformations that facilitated digital financial transactions, the rise of cryptocurrencies, in addition to geopolitical tensions that made some countries search for alternatives to the US dollar. 

The debate on the topic has finally resurfaced with the Ukraine war and tough sanctions imposed by the United States and Western countries on Russia.  

As of the end of January, Russia's foreign exchange reserves were estimated at $469 billion. President Vladimir Putin had hoped that this reserve would be a guarantee for his country from the effects of any Western sanctions, after the lesson he received after his invasion of the Crimea region in 2014. But his calculations were not accurate. 

This time, the sanctions were harsher and included the reserves of the Russian Central Bank located abroad, which deprived Moscow of half of its foreign exchange reserves, and placed serious obstacles to its international trade.  

This situation was not reflected in Russia alone, but rather sent signals to other countries such as China, which is watching the Ukraine war and its repercussions, and is aware that it may be targeted in the future by US sanctions in light of the raging struggle between it and Washington for influence and a leading position in the global economy. 

Freezing Russia's foreign reserves means that these reserves do not provide a safe haven, and therefore other countries may consider that diversifying foreign exchange reserves gives them greater guarantees than placing all their eggs in the dollar basket.  

In fact, the dominance of the dollar began to face questions a long time ago; Several countries have already diversified their monetary reserves by resorting to the euro, sterling, the yen, and finally the yuan. The dollar’s ​​share in global foreign exchange reserves decreased from about 70 at the beginning of this century to about 59 at the end of last year, but so far there is no alternative that can be said that will remove the dollar from its place. 

Even the yuan, which relies on China's vast economic power, is not an alternative in the eyes of most global financial circles, owing to traditional fears that the nature of central power in Beijing means that it can make decisions that lead to currency fluctuations, as well as a lack of transparency.  

There are those who believe that the strongest challenge to the dollar may come from digital currencies in the future. Currently, there are 100 countries considering the possibility of using digital currencies, and these countries represent approximately 90 of the world's gross domestic product. 

Among the four largest central banks in the world (the European Central Bank, the British, the Japanese, and the US Federal Reserve), the United States appears to be lagging behind in moving towards the adoption of the digital dollar project due to differences in political and financial circles, regulatory obstacles, and the impact on the financial system Global.  

But US decision makers understand that the world is changing and sooner or later will move towards digital currencies. Over the past few years, the world of financial transactions has witnessed a digital revolution in light of the rapid growth of unofficial encrypted currencies such as Bitcoin, and the adoption of new generations of electronic payment systems and their gradual departure from dealing with paper and metal currencies, preferring to pay using their mobile phones and the touch system. The prevailing view now is that if central banks do not act to keep pace with these changes, people may turn to alternative, informal systems, most notably cryptocurrencies.  

Another thing that worries the United States is China's move towards digital currencies by launching the digital yuan and its efforts to popularize it for use among its citizens as a first step towards adopting it in its transactions with other countries.  

In light of these changes, the US Congress has begun to show an increased interest in the issue of cryptocurrencies, and last January the US Federal Reserve published a paper on its internal discussions on cryptocurrencies and the digital dollar.

 Although the Federal Reserve spoke about the potential benefits of the idea of ​​an official digital currency such as facilitating payment systems, reducing its costs for financial institutions, and ending with maintaining the dollar’s ​​position as a major currency in the global financial system, it also raised some reservations and concerns about the possible effects of the move on Monetary and financial stability.  

Talking about a new digital currency or currencies that challenge the dollar and try to remove it from its position as the global monetary reserve currency is not new, nor is it a point of view necessarily emanating from the opponents of the United States and its competitors such as China and Russia. 

For example, Mark Carney, the (former) Bank of England Governor, in a speech in 2019 before a meeting of global central bank managers in the American town of Jackson Hole, called for an end to the hegemony of the US dollar over the global financial system, as the main monetary reserve currency. He said that this influence has reached a stage where it has become an obstacle to a sustainable global economic recovery.  

He was thus indicating that many countries around the world maintain huge amounts of cash reserves in dollars to secure themselves in turbulent times, which means the accumulation of a lot of money, which could have been used in the global trade and economic cycle. In addition, the dollar is used as a payment system in at least half of international trade invoices, and thus many countries become vulnerable to the indirect repercussions of fluctuations in the US economy and the value of the dollar.    

Carney believed that the dollar could be exchanged and the use of a global digital currency adopted by central banks in different countries. He said that this digital currency "could dampen the dominant influence of the US dollar on global trade. If the share of trade billed with this new digital currency rises, the shocks that occur within the US will have less strong effects (on other countries)."  

He also mentioned that a global digital currency backed by a large group of countries will release the money that governments currently store in dollars as an insurance policy in turbulent times. He likened the transition from the dollar to a new global digital currency to the end of the British pound's dominance of global financial markets 100 years ago.  

Since Carney's speech, which sparked widespread interest, many have talked about the topic of cryptocurrencies and the future of the US dollar. At the beginning of last February, the Director of the International Monetary Fund, Kristalina Georgieva, gave a speech before the Atlantic Council, a think tank in Washington, about the future of money and the rise of the concept of digital currencies. She said that the world has passed the stage of discussions on the idea and reached the stage of experimentation with digital currencies, noting that countries such as China and Sweden have made strides in this field.  

The debate about the future of the international monetary system will not stop, especially with the intensification of the international influence struggle, the expected attack on the dollar in the coming era of digital currencies, and the increasing movements between a number of countries, including Russia, China and India, to carry out their joint commercial transactions in rubles, yuan and rupees. The question is, how will America respond to this challenge?  link

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Tishwash:  Brent and West Texas crude futures are down

Economic sources reported that Brent crude futures fell to $4.71, or 4.2%, and resulted in a drop in the price of a barrel to $108.58 a barrel.

It also reported that US West Texas Intermediate crude futures fell to $5.45, equivalent to 5%, and the price of a barrel to $102.74 a barrel.  link

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Tishwash:  Al-Tamimi to the Obelisk: Wednesday’s session (still) continues.. and the sixth of April handing over the crisis to the Federal Court

The legal expert, Ali Al-Tamimi, clarified, on Wednesday, March 30, 2022, the nature of the parliament's decision after adjourning Wednesday's session to elect the President of the Republic until further notice .due to the failure to achieve a quorum

Al-Tamimi told Al-Masala that adjourning the parliament session on Wednesday to further notice means keeping it .continuous and not open because the open is prohibited by Federal Court decision 55 of 2010

Al-Tamimi added: As for the continuous, it opens at an unspecified time with the same quorum that it opened on .Wednesday

The Iraqi parliament had adjourned its session on Wednesday, without specifying its next date, after it failed for the .third time to choose a new president of the republic Parliament has until April 6 to elect a president, according to a decision of the Federal Court, the country's highest .judicial authority

Al-Tamimi says that crossing the sixth day of next April without electing a president will lead the country to a constitutional problem that has not been addressed either in the constitution, nor in the parliament's internal system, .nor in the provisions of the candidacy law for the presidency

Al-Tamimi expects that Parliament will need again to refer to the Federal Court, and perhaps Parliament to dissolve .itself in the face of this inability to achieve, and we may enter into these problems that have a first and not another

Al-Tamimi explained that the decision of the Federal Court, which opened the door for candidacy for the position of President of the Republic, required that the door for nomination be opened again by presenting it to Parliament, and .this was done

And he went on: Article 6 of Law No. 8 of 2012 requires the House of Representatives to convene before the end of the period specified in Clause Two of Article 72, which includes that (provided that the President of the Republic is .)elected within 30 days from the first session of the House

Al-Tamimi added: Since the Federal Court has amended the constitutional terms and changed the constitutional terms stipulated in Article 72, the first meeting of the Council when the door for nomination is opened again is the date of 6/3, so the period for electing the President of the Republic ranges from 6/3 to 6/4 According to this text contained in Article 72 II of the Constitution, but the Federal Court said (a short period) that is, short, which means that Parliament .must complete the task, in a short period before the end of the 30 days

Al-Tamimi continues: Constitutionally according to this provision, from Article 72, secondly, the period from 6/3 to 6/4 will be the election of the President of the Republic, and if we cross 4/6 we enter into the taboo and the constitutional problem that has not been addressed either in the constitution or in the internal system For Parliament, not in the provisions of the law on candidacy for the position of the Presidency of the Republic, and perhaps Parliament needs .again to refer to the Federal Court, and perhaps Parliament will dissolve itself in the face of this inability to achieve .

He added: There is a fear of entering into these problems, which have a first and have no other Al-Tamimi summarized the possibility of failure in the Wednesday session, by saying: Even if the next session fails, it can be postponed to 4/6, but if through this date it will be a problem and at that time the Federal Court referendum .must be done or Parliament is dissolved or the session is continuing

Al-Tamimi said that everyone is waiting for the sixth of next April, and for each incident there is a recent, stressing .that after this date, the MPs are not entitled to an extension   link

Mot:  ... aaaaahhhhhhh - the Joys of Raising the ""Wee Folks"" ~~~~

Mot: ....... Dang! - Who Would Have Guessed! ~~~~woodpecker