Chats and Rumors, News Deb Aspinwall Chats and Rumors, News Deb Aspinwall

Holly, Judy, Pimpy and more.....Monday Morning 2-28-2022

Monday Thoughts From Holly

Good Morning Roomies

Per the Zero hedge article, today would mark the market crash. Being the 55th day on February 28th. Let’s see what today brings.

'The 55 Day Rule' Expires Tomorrow (Monday) Link

The weekend was quiet but many expect to see the bonds pay out this week.

March 1st is tomorrow and based on what happens with the markets today, we could see some interesting things happen this week.

Stay positive. Keep the faith and never, ever give up.

Monday Thoughts From Holly

Good Morning Roomies

Per the Zero hedge article,  today would mark the market crash. Being the 55th day on February 28th. Let’s see what today brings.

'The 55 Day Rule' Expires Tomorrow (Monday)    Link

The weekend was quiet but many expect to see the bonds pay out this week. 

March 1st is tomorrow and based on what happens with the markets today, we could see some interesting things happen this week.

Stay positive. Keep the faith and never, ever give up. 

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 28 Feb. 2022

Compiled Mon. 28 Feb. 2022 12:01 am EST by Judy Byington

Mon. 28 Feb. a 10 day Grace Period would end, after which gloves were off according to Dan Scavino. Ten Days of Darkness could begin.

Tues. 1 March: was the RV/GCR; Tier 4B (us, the Internet Group) would be exchanging according to some , plus we would be entering NESARA and 1,000 years of Peace according to Fleming and Bruce.

Wed. 2 March to Easter Sat. 15 April: Lent

Thurs. 3 March the old financial system ends, books closed according to Goldilocks.

Fri. 4 March reports are written about the old financial system.

Sat. 5 March results of the reports on the old financial system would be published.

 Sun. 6 March a new day dawns.

Wed. 9 March: sell offs, divestiture, liquidity transfer of Wealth Events.

Tues. 15 March: Ides of March: all debt worldwide settled.

The Crash of Our Lifetime: https://www.youtube.com/watch?v=CF8iQlPeEx0

Stock Market Crash: Experts Warn Fed Can’t or Won’t Stop Meltdown: https://www.businessinsider.com/stock-market-crash-fed-put-bubble-cant-stop-experts-inflation-2022-2

All Russian banks hit by current intl sanctions, possibly others, will be disconnected from SWIFT – EU to freeze Russian Central Bank assets. The European Commission chief added that Brussels will also freeze the assets of the Russian Central Bank.

Judy Note: The Cabal’s SWIFT System will be shut down permanently on Thurs. 3 March 2022. The Russian Banks will be part of the new gold/asset-backed Global Financial System.

A Great CRASH is coming, the collapse of markets. Millions of people are already pulling their money from the stock markets around the world . The sanctions created a ripple through banking systems. World corporations systems that move food, goods, supplies and money markets between Russia, China, U.S., EU, Canada and South America. The crash is ongoing. MSM isn’t fully reporting. People are going to be blinded sided by the Cyber Attacks of the Century that were blacking out world supply chains.

https://www.businessinsider.com/stock-market-crash-fed-put-bubble-cant-stop-experts-inflation-2022-2

Read full post here:  https://dinarchronicles.com/2022/02/28/restored-republic-via-a-gcr-update-as-of-february-28-2022/

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KTFA:

Samson:  Economist: Popular Pressure May Lead To An Adjustment In The Dollar Exchange Rate

27th February, 2022

The researcher in economic affairs, Nabil Jabbar Al-Ali, expected, on Sunday, that popular pressure on measures to change the exchange rate would result within an acceptable monetary range, to contribute to reducing pressure on individuals’ incomes due to the increase in inflation.

Al-Ali said in a statement to “Information” that “the consumer price inflation pushed him to resentment even more, calling on the political forces to amend the exchange rate, especially after the rise in oil prices, exceeding $95.” He added that “the issue of exchange formed a kind of political competition between Shiite political forces, in particular, to try to please the Iraqi people and win their affection.”

He pointed out that “the continuous popular pressure may result in adjusting the dollar exchange rate to its previous era, despite the reservations of Finance Minister Ali Allawi to reduce the exchange rate.”

The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced that more than 100 deputies signed on hosting the Minister of Finance, while noting that the high exchange rate did not benefit the state.   LINK

Courtesy of Dinar Guru

Frank26   Kazimi told us we're going to have a new exchange rate as soon as you seat our government.  Where's our government?  ...the citizens...peacefully protest...to get the message to parliament, sit the government down.  Unfortunately in the Middle East it takes a long time to do anything.  I don't know why...

Pimpy   We know there's a lot of chatter going on.  We're monitoring it.  We're paying attention.  I still think it's just going to go up in increments.  There's a lot of meetings going on.  Parliament is meeting.  We're still waiting to form the new government.  It's kind of hard to get anything taken care of when there's so many delays in there without a new government...But there definitely is a lot of talk about a rate change...there's definitely something that's going to happen in 2022.  Will it be an RI or an RV? It's very possible...IMO it's gonna happen in increments...let's keep an eye on it and see what happens.

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Iraqi Dinar update for 02/27/22 - Are they talking RI?

Pimpy’s Investment Chat: 

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

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News DINARRECAPS8 News DINARRECAPS8

After Exiting From Chapter VII.. How Much Is Iraq's Frozen Funds Estimated?

.After Exiting From Chapter VII.. How Much Is Iraq's Frozen Funds Estimated?

Investigations and Reports 02-25-2022, 14:56 Baghdad - conscious - Nassar al-Hajj After Iraq turned a decisive and fateful phase that lasted for years by paying compensation to Kuwait and exiting the procedures of Chapter VII, this opened the door to the movement of his frozen funds abroad whose value has not been known until now due to the policies of the former regime, including the registration of part of those The money is in the names of people, which is difficult to recover.

Specialists and economic experts confirmed that Iraq’s exit from Chapter VII will move those funds that Iraq has been demanding for years, to supplement the budget with amounts that can be invested in service projects, develop the agricultural, industrial and commercial sectors, and build a healthy economy.

After Exiting From Chapter VII.. How Much Is Iraq's Frozen Funds Estimated?

Investigations and Reports    02-25-2022, 14:56  Baghdad - conscious - Nassar al-Hajj  After Iraq turned a decisive and fateful phase that lasted for years by paying compensation to Kuwait and exiting the procedures of Chapter VII, this opened the door to the movement of his frozen funds abroad whose value has not been known until now due to the policies of the former regime, including the registration of part of those The money is in the names of people, which is difficult to recover.

Specialists and economic experts confirmed that Iraq’s exit from Chapter VII will move those funds that Iraq has been demanding for years, to supplement the budget with amounts that can be invested in service projects, develop the agricultural, industrial and commercial sectors, and build a healthy economy.

Adviser to the Prime Minister, Mazhar Muhammad Salih, told the Iraqi News Agency (INA), that "there are Iraqi funds estimated at $2.7 billion pending lawsuits or judicial seizures made by commercial creditors on Iraq," noting that "these funds are from Iraq's foreign balances that were frozen in year 1990".

He added that "UN Security Council Resolution No. 1483 in March 2003 demanded banks and international official bodies to release the frozen balances of Iraq and deposit them in the account of the Government of Iraq named (the Development Fund for Iraq DFI), which is open at the Federal Reserve Bank in New York, and the resolution excluded the seized or frozen funds at that time. Which belongs to Iraq and is subject to lawsuits at the time."

While the economic expert and academic Ahmed Saddam confirmed to the Iraqi News Agency (INA), that "the issue of frozen funds and their recovery is a very difficult issue," noting that "there are requests by the Ministry of Justice for multiple countries to retrieve that money."

Saddam expected that "the money officially registered in the name of the government will be retrieved.

As for the money registered in the name of people, it is difficult to know the gender and source of this money, and it is difficult for foreign banks to disclose it."

He stressed "the need for there to be an economic policy towards how to exploit this money, especially in the field of projects that serve the Iraqi economy," noting that "the value of this money is estimated at about one and a half billion dollars."

He stressed that "there is no accurate statistics about this money, because in the period of the previous regime, this money was recorded in the names of companies and individuals," noting that "there are sums of money smuggled abroad that can be estimated, according to the President of the Republic, Barham Salih, at up to 150 billion dollars annually since 2003 until today, and this indicates a major leakage of resources abroad."

Kuwait Compensation

Saddam explained that "the payment of Kuwait's compensation amounting to 52 billion and 400 million dollars will allow more flexibility for the next budget," explaining that "these allocated amounts can be transferred to investment and production projects, which is a new outlet for the next budget."

While the economic expert, Basem Antoine, told the Iraqi News Agency (INA), that "there is a set of proposals regarding the amounts of Kuwait's compensation, one of which is to go to a sovereign fund or for reconstruction or accumulate annually to form a reserve balance for Iraq, used during the deficit period."

Regarding the frozen funds, he explained that "this money cannot be counted because it is dispersed, because the previous regime placed a lot of this money in various banks and it was discovered over time through the use of many human rights and economic companies," explaining that "this money will be placed after its return in sovereign funds.".

And he indicated that "there are large sums placed by the former regime in the names of people exceeding 30 to 40 people, with a value of no less than $500 million," noting that "it is possible to benefit from and collect these funds to improve the living situation, build service projects, build infrastructure for the Iraqi people and develop the sector." Agricultural, industrial and commercial, and reducing dependence on oil rents to build a sound economy, like the rest of the countries in the region.”

While the economic expert Salam Sumaisem told the Iraqi News Agency (INA), that "the state should follow a development approach to invest the money that was earmarked for Kuwait's compensation in order to serve Iraq, especially since it succeeded in paying the value of the indebtedness from the resources available to us."

Sumaisem asked: "Can the 2022 budget be changed by changing these new available resources, and will the state follow development paths?"

And Foreign Minister Fouad Hussein announced that Iraq has exited from Chapter VII procedures, after paying all of its financial obligations, while stressing that Iraq is no longer required to pay any additional sums of money in the future.

Hussein said in Iraq's speech at the Security Council during the session devoted to hearing the briefing of the Chairman of the United Nations Compensation Committee, the Iraqi News Agency (INA), a copy of which received a copy, that "Iraq today is turning an important page of its history that lasted more than thirty years," pointing to That

"Iraq seeks to strengthen cooperation frameworks with the international community."

He added that "Iraq has paid the last payment in accordance with its financial obligations and paid the full amount of the due compensation," stressing that

"Iraq is no longer required to pay any additional amounts of money in the future."

He pointed out that "the Iraqi government confirms that working with the United Nations Compensation Commission was a successful model for multilateral work," noting that

"Iraq continued to fulfill these obligations in full according to the timetables."

He explained that "the government of Iraq considers the full fulfillment of its international obligations towards the international community and the sisterly State of Kuwait as a great development," noting that

"Iraq has sought to complete this unique model to remove Iraq from all the procedures of Chapter VII."

And he added, "Iraq looks forward to the fact that closing this file will reflect positively on its regional and international relations," adding:

"We congratulate the Iraqi people and government for ending international obligations and for Iraq's exit from Chapter VII procedures."

The United Nations mission in Iraq confirmed that the Security Council had terminated the mandate of the Compensation Committee.

And the mission stated in a tweet on "Twitter", followed by the Iraqi News Agency (INA), that "a historic milestone for the people of Iraq today: the United Nations Security Council ends the mandate of the Compensation Commission regarding Iraq's compensation to Kuwait."

And she added, "Iraq is to be commended for its great cooperation in fulfilling its obligations and showing good neighborliness."

The UN Security Council Resolution No. (2621) stipulated that Iraq exited from Chapter VII by fulfilling all its international obligations under Chapter VII, which resulted in its exit from Chapter VII with immediate effect, and the closure of the Iraqi Compensation Committee and Fund for Kuwait at the end of this year.

https://www.ina.iq/149791--.html

 

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

 https://www.bondladyscorner.com/

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Dinar Recaps Archives, Post RV Info Deb Aspinwall Dinar Recaps Archives, Post RV Info Deb Aspinwall

"Post RV Tips amd Suggestions" From Recaps Archives

.From Recaps Archives

When this RV happens … Do's and Don't ! by Sigshome

Do take time for this to sink in .

Do not be in a hurry or impulsive .

Do pay your taxs and tithes .

Don't tell anyone about your new wealth

Don't invest with someone before checking them out .

Do seek wise counsel from someone who excels in the area you need advice

Do make a life time budget and stick to it .

From Recaps Archives

When this RV happens … Do's and Don't ! by Sigshome

Do take time for this to sink in .

Do not be in a hurry or impulsive .

Do pay your taxs and tithes .

Don't tell anyone about your new wealth

Don't invest with someone before checking them out .

Do seek wise counsel from someone who excels in the area you need advice

Do make a life time budget and stick to it .

Don't think you can do it alone .

Do thank God for his blessing and use it wisely .

85 % of people will lose this money in 3-5 years ...

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Reposted for our newest readers..............

“Remember” Originally posted by 30MDinar at TNT......

Remember...
to CHANGE your telephone number and EMAIL address IMMEDIATELY post RV! Think about every call you have dialed in to and how your telephone number has been captured and added to a list. Well, what happens to that list? Do you want YOUR telephone number out there on a "dinar holder" "millionaire" etc. list?

Remember - your goal should be to own NOTHING personally and be judgement proof. Think assett PROTECTION. Get with someone who is a licensed professional in good standing who knows what they are doing. Look in to trusts, foundations etc.

IMPORTANT: when you exchange - make sure you do NOT agree to give the bank power of attorney over YOUR money.

Remember... an opportunity of this magnitude may NEVER happen again. The very last thing you want to do is blow this one! Be smart and triple check everything.

Dont be quick to act. Be slow and calculating. Assemble a professional team of people who know what they are doing, are licensed, in good standing to advise you what is in YOUR best interest.

Remember... when you purchase a home, dont forget about the property taxes and insurance! Be sure to calculate how much you are going to need and set it aside for how ever many years you expect to live in that home. Many have lost their homes because they didn't stop to plan properly and ended up not being able to afford the household related expenses.

Remember... one of the most powerful words in any laungage is NO. Keep this in mind when people approach you for money! Always keep in mind that it is critical for your long term wealth protection that you hold on to your money! Of course I am NOT saying you should not tithe and be charitable. Just be smart and very careful with your money so it will last!

Remember... after you get in to your new home... take an inventory of the contents - furnishings, electronic equipment, clothes etc. Anything that you would want replaced in the event of a fire or some other disaster. A great way to do it is with a VIDEO camera. Place that video in a safe desposit box. An itemized list is also highly reccommended. Be sure to keep this list up to date to include new purchases.

Remember... make sure you properly insure your new home for both REPLACEMENT value as well as contents. Always check your coverage amounts.

Remember... people with NO money always want to join forces with someone who has money. The problem is... they usually are only interested in taking your money and rarely can they offer any value.

Remember... if you plan to hire a housekeeper, gardener, nanny or anyone to do anything in or at your home... ALWAYS check references and make sure they are bonded, insured etc. You've got to think like those who would love to cheat you out of your money and stay many steps ahead of them.

Remember... to contact each of your monthly utilities providers and ask them to add a password to your account. This means they will not give out any of your personal information without getting the correct password that is on the account. This is CRITICAL. This is a very simple and basic way crooks get access to your home address.

Remember... be very AWARE of strangers and / or inviting ANYONE whom you don't really know to your home. Its easy for people to make claims - especially when their goal is to file a claim against your home owners insurance policy or against you etc.

There are PROFESSIONAL CROOKS that prey on people with money because they see you as a payday. Think about the PROFESSIONAL FALLERS who slip and fall in the grocery store and then file a lawsuit against the chain. 

Reposted for our newest readers:

Private Banking Vs. Wealth Management: Not quite the same.


Private banking and wealth management are terms that overlap. However, the financial services offered through private banking and through wealth management differ slightly.

Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account his aversion to, or comfort with, risk and investing assets according to his plans and financial goals.

Private banking typically refers to an envelope solution for high-net-worth-individuals(HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances.

The primary difference between private banking and wealth management is that private banking does not always deal with investing clients' assets. Private bank staff may offer clients guidance on certain investment options, but not all banks will be involved in the actual process of investing assets for their clients.

Most clients utilizing private banking services open deposit accounts of one kind or another.

Wealth management employees, including financial advisors, provide advice to clients to help them improve their financial standing and assist clients in investing assets with the goal of generating high returns. In general, private banking can extend to encompass wealth management, but wealth management firms cannot provide clients with private banking facility services.

PRIVATE BANKING

In general terms, private banking involves financial institutions that provide financial management services to HNWIs. In some instances, an individual may be able to obtain these services with assets less than $100,000, but most banks that provide private banking do not accept clients who have assets less than $500,000.

Private banking tends to be exclusive and is reserved for clients with substantial amounts of cash and other assets to be deposited into accounts and to be invested.

Private banking provides investment-related advice and aims to address the entire financial circumstances of each client. Private banking services typically aid clients in protecting and growing their assets.

Employees designated to aid each client work to provide individualized financing solutions. These employees also help clients plan and save for their retirement and structure plans for passing accumulated wealth on to family members or other indicated beneficiaries
.
There are consumer banks of every size with private banking divisions. These divisions offer considerable perks to HNWIs to obtain them as clients. Private banking clients with large accounts generally receive enviable rates and concierge-like service, guaranteeing them instant access to the employees working with their accounts.

Private banking clients never have to wait in line or use a teller for services. Anything the client needs can be done with a phone call. A private banking client can contact the lead advisor working with his account and complete just about any transaction, from cashing a check or ordering more checks to moving large sums of money from one account to another.

These perks are all part of the banking institution’s plan to benefit financially. Banks pursue wealthy clients because their business generates significant sums of money in profit for the bank, guarantees repeat business and brings in new business.

Private banking clients, specifically the ultra-wealthy, discuss the specialized and elite treatment they receive with other wealthy individuals. These are new potential clients. Often, these new potential clients are mentioned to private banking divisions by current clients. The divisions then send out invitations to potential clients and often acquire their accounts through such invitations.

Private banking divisions also find new clients through the course of completing normal lending activities. The banks can access tax returns and additional personal documents and discover other potential clients through this information. Invitations are also extended to these individuals and often private banking divisions acquire clientele by doing so.

Banks draw a line when it comes to individuals who are pursued and contacted to become potential clients, and this line rests in different places for different institutions. The mass-affluent market is the major target, meaning individuals with investable assets in excess of $250,000. Some banks set a much higher bar, targeting only those individuals who have minimum amounts of investable assets in the millions.

Clients utilizing private banking services pay for the specialized treatment they receive. The bank that wealthy clients use has a guarantee of a large pool of money, in the form of the clients' substantial checking account balances, to lend and utilize.

The bank also makes money from the steeper interest charges on larger mortgage and business loans taken out by rich clients. The real money maker for these banks is the percentage earned on assets under management (AUM), which is generally quite large with HNWIs. Charging even a very small percentage fee for services that involve huge sum

Wealth Management

Private wealth management generally involves advice and execution of investments on behalf of clients. Firms that specialize in these practices are the primary sources for clients looking to invest in a variety of funds and stocks.

Wealth management advisors also help with financial planning, manage client portfolios and perform a variety of other financial services in relation to a client’s private financing choices.

Utilizing a financial advisor for private wealth management allows the client to work with an individual educated in solving financial problems and enhancing the client’s overall financial status. These wealth management advisors also help clients achieve financial goals.

Generally, financial advisors seek to assist affluent clients with private wealth management.

The advisors seek to provide the clients with ranges of financial products and services and achieve clients' ultimate financial goals.

Private wealth management services are provided by larger corporations, such as Goldman Sachs, but they may also be provided by independent financial advisors or portfolio managers multi-licensed to offer multiple services and who focus on high-net-worth clients.

A wealth management advisor sits down one-on-one with each client and discusses goals, comfort levels with risk, and any other stipulations or restrictions the client may have in regard to the investment of his assets.

The wealth management advisor then composes an investment strategy that incorporates all information gained from the client and that allows the client to achieve his goals.

The advisor continues to manage the client’s money and utilizes investment products that coincide with the client's stipulations.

Wealth management advisors cannot always offer clients the same specialized and concierge-like services that private banking offers.

However, in most cases, these financial advisors spend a great deal of time with clients. These advisors also cannot open banking accounts for clients, but they can assist them in determining the right kind of accounts to open at the bank of the client's choosing.

Read more: Private Banking Vs. Wealth Management: Not Quite the Same http://www.investopedia.com/articles/professionals/111715/private-banking-vs-wealth-management-not-quite-same.asp#ixzz3t64c3lsT

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

More News, Rumors and Opinions Sunday Night 2-27-2022

.TNT:

KaseyKp1: I'm hopeful we will hear something tomorrow; tish posted a great article: "Al-Kazemi must be present.. The dollar issue is being raised strongly in parliament: This is what must be done tomorrow."

Al-Kazemi must be present.. The dollar issue is being raised strongly in parliament: This is what must be done tomorrow

The representative of the Coordination Framework, Intisar Al-Moussawi, demanded, today, Sunday, the necessity of the presence of the Prime Minister, the Minister of Finance and the Governor of the Central Bank to the parliament session for the purpose of discussing raising the price of . the dollar

Al-Moussawi said to (Baghdad Today), "Tomorrow's session should explain why the dollar price was raised, and who decided that, and today and after reducing it, did the need for that ceased, and therefore we demand that the exchange rate be ".returned to what it was previously due to the great impact on the lives of citizens

She added, "But we have to know what the repercussions are for the process of bringing it back to the past and whether the need for the matter is no longer needed. Therefore, it requires the presence of the bank's governor to the meeting to ".find out the matter and how the exchange rate will be dealt with link

TNT:

KaseyKp1:  I'm hopeful we will hear something tomorrow; tish posted a great article: "Al-Kazemi must be present.. The dollar issue is being raised strongly in parliament: This is what must be done tomorrow."

Al-Kazemi must be present.. The dollar issue is being raised strongly in parliament: This is what must be done tomorrow

The representative of the Coordination Framework, Intisar Al-Moussawi, demanded, today, Sunday, the necessity of the presence of the Prime Minister, the Minister of Finance and the Governor of the Central Bank to the parliament session for the purpose of discussing raising the price of . the dollar

Al-Moussawi said to (Baghdad Today), "Tomorrow's session should explain why the dollar price was raised, and who decided that, and today and after reducing it, did the need for that ceased, and therefore we demand that the exchange rate be ".returned to what it was previously due to the great impact on the lives of citizens

She added, "But we have to know what the repercussions are for the process of bringing it back to the past and whether the need for the matter is no longer needed. Therefore, it requires the presence of the bank's governor to the meeting to ".find out the matter and how the exchange rate will be dealt with  link

Tishwash:  After Paying It In Full, An Economist Offers Ways To Benefit From Iraq's Surplus Debt

On Sunday, economic analyst Basil Al-Obaidi presented economic ways to benefit from the money that Iraq was paying as international debt, the most important of which was the Kuwaiti debt.

Al-Obaidi told the "Information" agency, "The real economic ways to benefit from the sums of money that Iraq was paying as international debts, which amount to more than four billion dollars annually, is to put them in two funds, either the Special Fund for Development and Investment, or put it in the Generations Fund to ensure that it is not lost in government expenditures." “.

He added, "After Iraq pays all international debts annually in addition to the interests and fees that it was paying on the will of its account at the United Nations, it is assumed by the Iraqi government and by a decision of the House of Representatives stipulating that the amount should not be entered into the budgets."

Al-Obaidi explained that "the international debt ratio represented more than seven percent of the monthly oil revenues," noting that "putting money in the financial budget leads to inflated expenditures and disbursing funds without knowing the ways to use them."  link

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Sunday Night MIRACLES Call 9 EST

Our conference call line is: Dial-in number (US): (609) 746-1082 Access code: 767664#

International dial-in numbers: https://fccdl.in/i/scottm6975

Online meeting ID: scottm6975

Online meeting link: https://join.freeconferencecall.com/scottm6975

Replay Number: 712-770-5402 Access code: 767664# / followed by # again

From Recaps Archives

15 Things To Do If You Get Rich All of a Sudden

In this Alux.com video we'll try to answer the following questions:

What should you do if you gen rich all of a sudden?

What do to if you inherit money?

How to manage a large sum of money?

What should you do if you get rich?

What do to if you win the loto?

How to manage wealth?

How to get wealthy?

How to maintain being rich?

 How to keep your wealth?

How not to lose money?

Why do people go broke after they went rich?

How do people lose money?

What if you inherit a fortune?

I just inherited a million dollars, what do I do?

How to you being investing money?

What you should know about money?

https://www.youtube.com/watch?v=TVJOyArnq3s&t=598s

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Dinar Recaps Archives, Post RV Info Deb Aspinwall Dinar Recaps Archives, Post RV Info Deb Aspinwall

List of Bank Service to Request or Find More Information About

.Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

List of Bank Services to Request or find out about

The following list is from several sources. i wish to thank everyone who unknowingling contributed to this post.

LIST OF BANK SERVICES TO REQUEST

Ask the private banker or bank manager to provide the following items:

1. No spread fees or bank fees of any kind charged on the currency exchange.
(With the “1% over-nights”, the “Quarterlies” and the “fractional banking loans”, this should not be an issue.

2. Highest interest rates available to be paid on my accounts.

3. Forever Waive all bank account fees, cashier’s check fees, notary fees, wire fees etc.

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

List of Bank Services to Request or find out about

The following list is from several sources. i wish to thank everyone who unknowingling contributed to this post.

LIST OF BANK SERVICES TO REQUEST

Ask the private banker or bank manager to provide the following items:

1. No spread fees or bank fees of any kind charged on the currency exchange.
(With the “1% over-nights”, the “Quarterlies” and the “fractional banking loans”, this should not be an issue.)

2. Highest interest rates available to be paid on my accounts.

3. Forever Waive all bank account fees, cashier’s check fees, notary fees, wire fees etc.

4. Bank to provide and pay for insurance to cover all account balances. Lloyds of London - Abbott Downing with WF for accts with over 50M$

5. Access to information on investments such as pre-IPOs, real estate (REO), and bank trading and sweep accounts.

6. Bank to provide a team to include a Tax attorney, CPA, wealth planner, trust attorney, Estate planning, etc.

7. Private bank debit card such as opal or black card with no RFID

8. Multiple insurance types (Health, kidnapping, etc.)

9, Low or no interest loans rate if needed in the future

10. Increased ATM withdraw limits and Use of out of network ATMs without fees

11. No foreign exchange fees for debit card usage outside the U.S.

12. Concierge services (possible Vertu phone for mainland), First class travel arrangements as needed.

13. Unlimited limo service when visiting any city, in any country other than my hometown.

14. VIP Concert tickets

The following benefits will be available and apply to all accounts as long as a minimum balance of $____________USD (or it’s equivalent) is held in one or more Wells Fargo accounts by ____________ Trust or another entity who’s primary signatory is the client, _________________________.

All benefits will be available for my immediate family (son, daughter and their domestic partners) as long as the above requirement is maintained.

Banking Services

Complimentary Notary Services
Free courier services and overnight delivery with return
Two free safe deposit boxes (largest available, at preferred branches)
No fee/charge for cashing any form of check.
Free Traveler’s Checks

Wires and Bank Checks

No fees/charges for obtaining certified/cashier’s checks or money orders.
No fees/charges for sending/receiving domestic or international wires.

Foreign Exchange

No spread fees or foreign currency exchange fees on foreign currency exchange.
Bank rate (“no spread,” zero difference) on all currency exchanges.

ATM/Debit and Credit Cards

No annual fees on all credit cards
Zero percent APR on all credit cards (Visa, MasterCard, et al) for purchases and cash advances if paid in full within six months, followed by 2% APR on any remaining balances.
No cash advance fees.
Fully adjustable debit and credit card withdrawal limits set by card holder, changeable 24/7
Guaranteed “next day” replacement of lost or stolen cards.
No fees for additional debit cards (ie “linked” debit cards for employees, children, home staff, et al with specific monthly spending and withdrawal limits set for each cardholder.)

Checking and Savings Accounts

As stated above, all accounts shall be free of all bank fees and service charges as long as the client maintains a balance of $______________________USD (or it’s equivalent) is held in the client’s accounts.

These fees/charges include, but are not limited to:

Free checks (No fees or charges for any checks, including online overnight checks/payments from BillPay).

No online banking fees, checking account or savings account fees; No ATM or human teller fees, non-system ATM fees, debit or credit card fees.

No international/foreign transaction fees; transfer redirection charges, overdraft fees, excess transfer fees, returned deposit fees, stop payment fees.

No monthly or annual account maintenance/service fees or card fees, inactivity fees, account closing fees, lost card/replacement card fees.

Any “non-system” or “out of system” banking or ATM charges/fees will be paid for by Wells Fargo and reimbursed to my account within three business days.

In the event of any accounts being closed, all estate administrator fees will be paid by Wells Fargo.

Loans

Maximum 0.5 percent above Wells Fargo’s ________ bank rate from mortgages, real estate, auto and business loans

No loan application fees

Transactions
There will be no limitations of time or amount, penalties, charges or fees on transfer or withdrawal of funds from any of the client’s accounts.

Concierge Services and Misc Benefits

Complimentary Concierge Services 24/7
Complimentary premier lounge access at airports, ballparks, arenas, hotels, clubs, et al worldwide.

Insurance

Lloyd’s of London or Abbott Downing insurance coverage for all accounts. Or something comparable.

Private Banking

Dedicated Private Banker / private banking services available 24/7
Upon request Private Banking will provide information and access to pre-IPO offerings and other “by invitation only” investment offerings.
No charges, fees or annual membership dues for full and unlimited access to Wells Fargo Commercial Electronic Office® (CEO) Portal or similar online executive banking management and market analysis services.
After hour appointments on request

Dispute Resolution

Any and all disputes will be resolved by an independent third-party mediator.
Their opinion will be binding and serve as a final ruling.
All parties will honor and abide by their decision.

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Dinar Recaps Dinar Recaps

Note from Dinar Recaps, Sunday February 27th

Due to family commitments, the Dinar Recaps 6pm (ET) newsletter email, today Sunday February 27th, will be sent late. Most likely between 7pm (ET) and 8pm (ET).

New posts might be made online during that time, so please check OUR BLOG page online for all our latest posts.

Please scroll down for all our latest posts.

Due to family commitments, the Dinar Recaps 6pm (ET) newsletter email, today Sunday February 27th, will be sent late. Most likely between 7pm (ET) and 8pm (ET).

New posts might be made online during that time, so please check OUR BLOG page online for all our latest posts.

Please scroll down for all our latest posts.

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Chats and Rumors, News Deb Aspinwall Chats and Rumors, News Deb Aspinwall

News, Rumors and Opinions Sunday Afternoon 2-27-2022

.KTFA:

Samson: A banking expert reveals the consequences of the decision to remove Russia from the Swift Global Banking System

27th February, 2022

Banking expert Ahmed Al-Hashemi revealed, today, Saturday, the consequences of the decision to remove Russia from the SWIFT global banking system, pointing out that the decision was made by the European Commission and with efforts by the German government.

Al-Hashemi said in a statement to the “National News Center”, that “the SWIFT system is a global financial system that allows a smooth and rapid transfer of money across borders,” noting that “the system links 11,000 banks and institutions in more than 200 countries.”

He added that “as a result of this decision, it will be difficult for Russia to make transfers to and from its banks,” stressing that “banning Russia from dealing through the Swift system, which is used by thousands of banks, will affect the network of Russian banks and Russia’s ability to access money.”

KTFA:

Samson:  A banking expert reveals the consequences of the decision to remove Russia from the Swift Global Banking System

27th February, 2022

Banking expert Ahmed Al-Hashemi revealed, today, Saturday, the consequences of the decision to remove Russia from the SWIFT global banking system, pointing out that the decision was made by the European Commission and with efforts by the German government.

Al-Hashemi said in a statement to the “National News Center”, that “the SWIFT system is a global financial system that allows a smooth and rapid transfer of money across borders,” noting that “the system links 11,000 banks and institutions in more than 200 countries.”

He added that “as a result of this decision, it will be difficult for Russia to make transfers to and from its banks,” stressing that “banning Russia from dealing through the Swift system, which is used by thousands of banks, will affect the network of Russian banks and Russia’s ability to access money.” 

Al-Hashemi indicated that “these sanctions will affect the economies of some countries and their companies, for example, the purchase of gas and oil from Russia will be affected,” explaining that “many European banks have branches or subsidiaries in Russia, most notably the French Societe Generale and the Italian Unicredit. and Austria’s Revation Bank International.

Regarding the volume of exchange between Moscow and all Arab countries, Al-Hashemi said that it “does not exceed 18 billion dollars, while the volume of Russian investments does not exceed 50 billion dollars, in contrast, Arab investments in Russia do not exceed 6 billion dollars,” noting that “the last deal Huge armaments between Iraq and Russia were worth nearly $4 billion, according to sources published a few days ago.

He concluded, “Both Iraq and Russia will need to discuss other ways of financing in the event of imposing financial isolation on Moscow, and there are a very large number of Russian oil companies operating in Iraq.”  LINK

***********

Courtesy of Dinar Guru

Pimpy  Question: "How does 1190 or even 1000 [rate for the dinar] give the people more purchasing power?"  The Iraqi people lost 260 dinars [1190 to 1450] in the rate change compared to what it was before...21.8% of their purchasing power was lost...although to you, you're like 'This isn't purchasing power!  This is nothing!' ...If you're living in Iraq and you're trying to budget...and you're not making that much, an increase of 21.8% would be a huge gain to you...the difference between the old rate to the new rate was a loss of 21.8% of their purchasing power.  Bringing it back to the original 1190 would give them back 21.8% of their purchasing power.  [Post 1 of 2....stay tuned]

Pimpy  Let me put it another way...Let's say you're making $1000 a week and then all of a sudden they take away 21.8% of your check.  Now instead of getting $1000/week you get $782/week.  See the difference? ...You're not looking at it through the eyes of an Iraqi person who actually lives off the dinars...somebody takes away 21.8% of your money now you're only making $782 you would notice that.  You would be pissed off.  Imagine they gave that back to you.  How happy you would be.  What could you do with $218 more per week?  ...to you the change from 1190 dinars to 1450 is no big deal so if it comes back to 1190 dinars it's still no big deal to you but it is if you live in Iraq and you live off of the IQD... [Post 2 of 2]

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

The FED fighting a 70 Trillion Debt Bubble Inflating Faster Everyday

The Nomad Exonomist:  Premiered 18 minutes ago

Complex systems fail, especially when the primary factor is looting. Audit the FED now. The longer they run their bad experiment out, the more bizarre financial world is going to become.

The markets are taking control of interest away from the Fed and, backing them into a corner. Central banks are selling subpar buying loans because banks won't buy from each other any longer. Does anyone want some beautiful juicy Deutsche Bank products? I've got some Bear Stern stuff too!

The Federal Reserve is a private institution and lends currency into existence. The interest paid on Treasury debt is in effect future taxes. Since already accrued interest owed is so high the pressure is to keep the Fed set interest rates low so that the government can pretend to be solvent

 Now when this is not sufficient for the demand to expand the money supply even faster, they have to avoid this apparent hyperinflationary spiral, and that's why the idea is being floated to allow the Fed to buy Treasuries directly.

It's debt cannibalism going into overdrive and obviously, one of the last can-kicking actions available before full out Modern Monetary Theory to the population.

The Federal Reserve is a privately owned secret entity. And we have absolutely no clue as to what they are doing, in secret, to keep the treasury prices so low in order to entice us to keep borrowing. The trap has been set, in secret. Just like the trap of easy money that was set that led to the 2008 financial crises.

And they secretly manipulate the stock markets in the same way. If they had nothing to hide, we would be auditing these secret books of theirs. But secrets are meant to keep the truth from us, which leaves us absolutely clueless.

So we can only continue guessing what they are actually doing, in secret, to manipulate all that is financial with their secret control of our financial system.

 If I was a counterfeiter, printing money at will and buying anything I wanted, and to use this counterfeit money to hire hit men, or manipulate stocks, or to give to my buddies, would I want anyone to know what I am doing? Hell, no.

https://www.youtube.com/watch?v=_BYc_fCGr-o

MARKETS A LOOK AHEAD: Expect This New "CRISIS" To Be Drawn-Out, Milked For ALL Its Worth.

Greg Mannarino :  Feb 27, 2022

https://www.youtube.com/watch?v=-lG7rt8s92U

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

The Hidden Monetary System Running The World

.The Hidden Monetary System Running The World - Jeff Snider, Eurodollar University

Jason Hartman:

Jason Hartman interviews Jeff Snider, Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners.

Consumer prices and asset markets have created the illusion of a red hot economy, but according to Jeff, the bond market has been telling us what's been wrong since 2008.

Jeff shares with us some incredible data that shakes up traditional thinking and gives us his insights on the Federal Reserve, interest rate hikes, monetary policy and money printing and the correlation between the yield curve and treasury markets.

Jeff also gives an in depth explanation of the hidden monetary system running the world.

The Hidden Monetary System Running The World - Jeff Snider, Eurodollar University

Jason Hartman: 

Jason Hartman interviews Jeff Snider, Chief Investment Strategist and Head of Global Research at Alhambra Investment Partners.

Consumer prices and asset markets have created the illusion of a red hot economy, but according to Jeff, the bond market has been telling us what's been wrong since 2008.

Jeff shares with us some incredible data that shakes up traditional thinking and gives us his insights on the Federal Reserve, interest rate hikes, monetary policy and money printing and the correlation between the yield curve and treasury markets.

Jeff also gives an in depth explanation of the hidden monetary system running the world.

Even though most people have probably never heard the term Eurodollar, it has undertaken the functions of the global reserve currency and it did so a very long time ago as an ​​offshore currency market.

The Eurodollar was developed on its own without government or individual private effort outside of every country's regulatory regime.

0:00 Welcome Jeff Snider, ​​head of Global Research for Alhambra Investments

1:08 What is the Eurodollar?

3:42 Reserve currency system

6:41 Significance of the Eurodollar

8:50 Influence of the Eurodollar on interest rates

9:48 The Treasury market actually sets most credit rates around the world

11:25 High rates and tightening - Alan Greenspan

13:25 Seeing what the Treasury yields are reflecting to understand what will happen next

15:49 Yield curve inversion

17:13 Alan Greenspan and “irrational exuberance”

20:25 You can’t keep track of money, so why bother trying?

21:20 Jeff Snider’s outlook on inflation

23:58 Milton Friedman’s interest rate fallacy

26:35 The Fed vs the Eurodollar system 28:19 Jerome Powell and the Fed interest rate hikes

31:07 Is consumer price inflation transitory?

32:09 What’s to come in this massively overheated real estate market?

34:06 The flattening of the yield curve says the Treasury market is resisting higher rates

35:58 Consumer prices and asset markets have created this illusion of a red hot economy 37:35 Today’s real estate market

39:28 The Gig Economy

41:32 Overreaction recession in 2020 did a lot of long term economic harm

https://www.youtube.com/watch?v=jx9qPcnuZNQ

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News DINARRECAPS8 News DINARRECAPS8

Iraqi News Sunday AM 2-27-22

.Iraqi News Sunday AM 2-27-22

TLM724 Administrator BondLady’s Corner

The Iraqi Parliament Is Preoccupied With The Dollar Until An Agreement Is Reached On The Position Of The President Of The Republic

Posted On2022-02-27 By Sotaliraq One of the previous sessions of the Iraqi parliament (the presidency of the Iraqi government) The Iraqi parliament announced the agenda of its session for tomorrow, Monday. In contrast to its first session, in which all the main forces represented in Parliament, including the bloc of the Speaker and his two deputies, announced their boycott, it included a paragraph “electing the president of the republic.”

That paragraph was nothing more than an enforced drop. On the day following the session, which was attended only by the 58 independent and opposition deputies, the Presidency of Parliament announced the opening of the nomination for the post of President of the Republic for a period of three days.

Iraqi News Sunday AM 2-27-22

TLM724 Administrator BondLady’s Corner

The Iraqi Parliament Is Preoccupied With The Dollar Until An Agreement Is Reached On The Position Of The President Of The Republic

Posted On2022-02-27 By Sotaliraq   One of the previous sessions of the Iraqi parliament (the presidency of the Iraqi government)   The Iraqi parliament announced the agenda of its session for tomorrow, Monday. In contrast to its first session, in which all the main forces represented in Parliament, including the bloc of the Speaker and his two deputies, announced their boycott, it included a paragraph “electing the president of the republic.”

That paragraph was nothing more than an enforced drop. On the day following the session, which was attended only by the 58 independent and opposition deputies, the Presidency of Parliament announced the opening of the nomination for the post of President of the Republic for a period of three days.

The three-day deadline was enough for the Kurdistan Democratic Party to present a new candidate for the presidency after the Federal Supreme Court dismissed its candidate for the post, former Minister of Foreign Affairs and Finance Hoshyar Zebari.

Nevertheless, a number of other Iraqi citizens who are allowed by the constitution to run for the post of President of the Republic, who by convention go to the Kurdish component, ran for the post-2003 quota system.

While the number of candidates before the opening of the nomination door was 25 candidates, led by the current president, Barham Salih (the candidate of the Patriotic Union of Kurdistan) and Hoshyar Zebari (the Kurdistan Democratic candidate) before his expulsion by a sudden and shocking decision from the highest judicial body in the country, their number rose after the opening of the candidacy door again to 33 filter.

Since the opening of the candidacy door, which opened the door for interpretations again, was for the sake of only one candidate, Reber Ahmed Barzani, Hoshyar Zebari's replacement, the challenge to the constitutionality of opening the candidacy again was on the table of the nine elderly Federal Court members.

It cannot be kept waiting, especially since the "Godeau" of the political process that crossed what was previously called the bottleneck to the "political blockage" is not expected to come soon. The Federal Court decided this matter as well, and the content of what was issued by it is that the President of the Republic remains in office until a new president is elected.

And the government that, once the work of Parliament ends, turns into a caretaker government that continues to function because the selection of the prime minister comes after the election of a president.

And in the context of what can be done in Parliament, as voices began to rise regarding Parliament’s delay regarding what is before it of the laws, services and control that people expect from the government, it opened its first battle with the caretaker government through the gateway to raising the dollar exchange rate.

In this context, the session scheduled for tomorrow will be limited to discussing raising the dollar exchange rate, especially after the violent debate between Finance Minister Ali Allawi and the First Deputy Speaker of Parliament (a prominent leader in the Sadrist movement), Hakim al-Zamili. Allawi strongly rejected the request to be summoned by Al-Zamili to the parliament dome, following a tweet published by the leader of the Sadrist movement, Muqtada Al-Sadr, in which he asked Parliament to discuss the issue of the dollar exchange rate.

This action prompted Allawi to send a message to Prime Minister Mustafa Al-Kazemi, declaring his refusal to attend the session, saying that “the state is not managed by tweets.”

This session comes one day before the Federal Supreme Court session to open the door for candidacy for the presidency. The tripartite alliance, which includes the Sadrist movement, the Alliance of Sovereignty and the Kurdistan Democratic Party, had postponed a summit meeting to be held in Erbil between Muqtada al-Sadr, Muhammad al-Halbousi and Masoud Barzani, pending the decisive decision that is scheduled to be taken by the Federal Court on Tuesday.

In the event that the Triple Alliance is ruled in favor of the tripartite alliance by not opening the door for nomination as a procedural issue that does not contradict the constitution, the Triple Alliance will work to mobilize its candidate, Reber Ahmed Barzani, in the face of the National Union candidate supported by the Shiite “coordinating framework” Barham Salih. In the event that the Federal Court ruled that the opening of the candidacy door was unconstitutional, it would work to mobilize against the passing of the National Union candidate Saleh in favor of a consensual candidate from within the National Union.   LINK

In The Document, An Independent Deputy Reveals The Details Of A Lawsuit Against The Minister Of Finance And The Governor Of The Central Bank

Political | 04:00 - 27/02/2022   Special - Mawazine News, independent MP Hadi Al-Salam confirmed the filing of a lawsuit against the Minister of Finance and the Governor of the Central Bank.

Al-Salami said in an interview with “Mawazine News” that “the case was handed over to the Public Prosecution by us on charges of corruption and waste of public money against the Minister of Finance and the Governor,” noting that “interrogating it in the House of Representatives will not work.”

He added, "The lawsuit was based on waste of public money and corruption by changing the exchange rate of the dollar on the one hand, forgery, harming the interests of the Iraqi people, smuggling currency and falsifying invoices, as well as wasting public money." https://www.mawazin.net/Details.aspx?jimare=185843

Learn About The Exchange Rates Of The Dollar Against The Dinar

Economie| 10:01 - 27/02/2022   Baghdad - Mawazine News: The exchange rates of the dollar recorded stability in the local markets.   Today, Sunday, the selling prices of the dollar were 146,500 dinars per 100 dollars, while the purchase prices of the dollar were 146250 dinars per 100 dollars.    https://www.mawazin.net/Details.aspx?jimare=185804

 

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

 https://www.bondladyscorner.com/

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Chats and Rumors, News Deb Aspinwall Chats and Rumors, News Deb Aspinwall

"Tidbits From TNT" Sunday Morning 2-27-2022

.TNT:

Tishwash: Iraq is the fifth Arab country in gold reserves

The World Gold Council announced today, Sunday, that more than 2,000 tons of gold are in the possession of a number of Arab countries.

The council said in a report that "the central banks of ten Arab countries own more than 2,180 tons of gold," noting that "these countries combined are much less than what America owns alone in possession of 8,133 tons of gold."

The report added that "Saudi Arabia is at the forefront of the Arab countries with the most gold, with its gold holdings amounting to 323.1 tons, followed by Lebanon 286.8 tons, followed by Algeria 173.6 tons, followed by Libya 116.6 tons, and then Iraq came fifth with reserves of 96.4 tons."

And he added, "Egypt's reserves amounted to 80.9 tons, Kuwait 79 tons, Qatar came with reserves of 56.7 tons, followed by the UAE with 55.2 tons, and finally Jordan came with 43.5 tons."

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world. link

TNT:

Tishwash:  Iraq is the fifth Arab country in gold reserves

The World Gold Council announced today, Sunday, that more than 2,000 tons of gold are in the possession of a number of Arab countries.

The council said in a report that "the central banks of ten Arab countries own more than 2,180 tons of gold," noting that "these countries combined are much less than what America owns alone in possession of 8,133 tons of gold."

The report added that "Saudi Arabia is at the forefront of the Arab countries with the most gold, with its gold holdings amounting to 323.1 tons, followed by Lebanon 286.8 tons, followed by Algeria 173.6 tons, followed by Libya 116.6 tons, and then Iraq came fifth with reserves of 96.4 tons."

And he added, "Egypt's reserves amounted to 80.9 tons, Kuwait 79 tons, Qatar came with reserves of 56.7 tons, followed by the UAE with 55.2 tons, and finally Jordan came with 43.5 tons."

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.  link

Cutebwoy:  Political analyst: The start of parliament sessions will be “strong” due to the success of the tripartite alliance

Political analyst Najm Al-Qassab confirmed, on Saturday, that the start of the parliament sessions will be strong and is also expected to be different and more effective than previous parliamentary sessions due to the success of the tripartite alliance by passing the Presidency of the Parliament with great parliamentary support.

Al-Qassab explained, “The tripartite alliance between the Sadrist bloc, the Kurdistan Democratic Party and the Sovereignty Alliance, when it passed the presidency of the House of Representatives by more than 200 votes, then it possesses the overwhelming majority that qualifies it to play an important role in the success of Parliament’s work.”

Al-Qassab added, “Success in convening the parliament session will lead to the dismantling of many political blocs that are still cohesive until this moment by granting or allowing some deputies in those blocs to obtain positions within the parliamentary committees.”

And the Iraqi parliament published on its website, on Saturday,  the agenda for the session scheduled for next Monday .

The agenda includes taking the constitutional oath of some deputies, as well as forming permanent parliamentary committees.

The table also included a public invitation for discussion regarding the rise in the dollar exchange rate, in the presence of Finance Minister Ali Allawi.

Political analyst: The start of parliament sessions will be “strong” due to the success of the tripartite alliance..

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

Tishwash:  The exchange rate enters a new battle before Parliament and a proposal to adopt a “smart dollar”

The issue of the exchange rate of the dollar against the dinar continues to occupy the Iraqi street, after the state of confusion that the markets experienced a few days ago due to political debates, which led to a decrease in the price of the dollar against the dinar, which is the highest in nearly a year, but it soon returned to its previous era after Assurances from the Central Bank that there is no intention to change the exchange rate, offset by the House of Representatives’ setting for a session next Monday to host the Minister of Finance and discuss the mechanisms of the dollar exchange rate against the dinar.

The State of Law coalition, for its part, affirmed its determination to reduce the price of the dollar against the dinar according to professional mechanisms set by the central bank and the government without harming the segments of society, while a parliamentarian indicated that the currency exchange rate is a purely scientific economic issue and there are competent authorities that can decide on it in the interest of the country, as he suggested. Economist Adoption of the smart dollar to reduce the damage to the poor and vulnerable classes with regard to the economic and health sectors.

Representative of the State of Law CoalitionMuhammad Hassan Radi Al-ShamryHe affirmed that his coalition is determined to reduce the exchange rate of the dinar against the dollar to a previous era as long as the justifications for raising it previously were negated, pointing out that there are other doors through which the government can comfortably cover its cash needs if it is used in an optimal way.

Al-Shammari said in an interview with Alsumaria News, "The State of Law coalition was and remains firm and clear in the issue of raising the price of the dollar against the dinar, and we boycotted the voting session on the previous budget for this reason, and we will have a firm position also during the next budget," noting that "returning the exchange rate To its predecessor through mechanisms adopted by the government, the Ministry of Finance and the Central Bank that do not harm the market and the citizen is something that has been bypassed and is not retracted.”

Al-Shammari added, "Restoring the purchasing power of the dinar and improving the economic situation of the country and the citizen alike is an important and vital matter, and any talk about the existence of fears of negative repercussions on merchants or employees' salaries in the event of returning the previous price is worthless fears.

On the contrary, returning The exchange rate to its predecessor will revive the market, increase the profits of traders and reduce the burden on the citizen,” noting that “all the justifications for raising the exchange rate previously have disappeared, and that the central bank reserves and global oil prices are all matters that make the financial side and cash liquidity with the government safe and does not require continuing in exchange rate hike policy.

He stressed that "there is a parliamentary insistence on our part to restore the exchange rate and leave the mechanism to achieve this step to the monetary policy of the state and the governor of the central bank after the reasons for raising the price have disappeared," stressing that "Iraq He has other resources if they are exploited, as they are no less important than oil, such as the agricultural and industrial sector, in addition to the issue of border crossings, each of which is an oil pipeline that generates very large profits for Iraq if it is properly exploited.”

For his part, the economic expert indicated Safwan Qusay, to the possibility of reducing the damage of the dollar’s ​​rise against the dinar on the weak and poor classes through the adoption of the smart dollar for the economic and health sectors.

Qusay said in an interview with Alsumaria News, "There are many doors through which the government and the central bank can deal with the damage caused by the high exchange rate of the dollar against the dinar, including what is related to the ration card and social welfare," noting that "what is related to the issue of currency smuggling, the bank The Central Bank is keen to re-evaluate monetary policy and control the movement of banks in order to switch to the documentary credit system.

Qusay added, "The monetary and fiscal policy is supposed to be integrated so that we feel that there is control over the value of the dinar and the movement of goods and money," noting that "there are procedures through which it is possible to work to achieve economic and health support in what is known as the smart dollar for certain sectors by allocating The Central Bank, an amount of five billion dollars for the purposes of purchasing foodstuffs and achieving food security, provided that the purchase is exclusively by Ministry of Commerce

At a subsidized price, it would have been 1,190 dinars to the dollar, which supports the prices of materials that affect the lives of the poor and fragile classes, so that the window for government purchase and circulation is in order to ensure that this dollar enters its beneficiaries .Ministry of Health Which can allocate one billion dollars to buy medicines for chronic diseases at the same subsidized price of the dollar against the dinar and directly by it, so the central bank can break prices for necessary commodities that can be reflected on the rest of the commodities in varying proportions in order to reduce the effects of the dollar’s ​​rise.”

Member of Parliament Thaer Al-Jubouri stressed that the currency exchange rate is a purely scientific economic issue and there are specialized parties that can decide on it in the interest of the country.

AlJubouri said in a press interview, "Talking about hosting the governor of the Central Bank or the Minister of Finance regarding the exchange rate of the dinar against the dollar are all things we believe. It does not go beyond being a political discourse," noting that "the currency exchange rate is a purely scientific economic issue, and there are competent authorities that can decide on it in a manner that serves the interest of the country.

They rejoice when their salaries are paid on time. Therefore, one of the economic treatments at a time of crisis was the adoption of a new exchange rate in order to strengthen the economy and provide financial liquidity within my personal vision,” noting that “the whole issue depends on an economic equation and the Central Bank must go to it in order to There will be a solid economy in which you can manage financial matters and provide salaries inside the country."  link

Member: ------ You Too!!????? ~~~  you tube watching

Member: -- ""Scotty!!! "" Hey ""Scotty!!! ""

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Chats and Rumors, Economics Deb Aspinwall Chats and Rumors, Economics Deb Aspinwall

Fleming, Frank, Pimpy and more....Sunday AM 2-27-2022

.Fleming Late Saturday Night Report:

Revelation, Redemption, Restoration, Reclamation, and Resurrection

Late last Wednesday, the 23rd of February, @Goldilocks wrote and it was verified as true:
* March 3rd, old financial system ends. The books are closed. THURSDAY
* March 4th, reports are written about the old system. FRIDAY
* March 5th, the results are published. SATURDAY
* March 6th, a new day dawns. SUNDAY

This AWESOME news deserves a bit of additional explanations don’t you think? Especially since It’s Past Time. It’s Time for (shocking) Revelation, for Redemption, Restoration, Reclamation, and Resurrection of the Land of the Free and the Home of the Brave.

Fleming Late Saturday Night Report:

Revelation, Redemption, Restoration, Reclamation, and Resurrection

Late last Wednesday, the 23rd of February, @Goldilocks wrote and it was verified as true:
* March 3rd, old financial system ends. The books are closed. THURSDAY
* March 4th, reports are written about the old system. FRIDAY
* March 5th, the results are published. SATURDAY
* March 6th, a new day dawns. SUNDAY

This AWESOME news deserves a bit of additional explanations don’t you think? Especially since It’s Past Time. It’s Time for (shocking) Revelation, for Redemption, Restoration, Reclamation, and Resurrection of the Land of the Free and the Home of the Brave.

Fleming Cont…….This is North America, a land settled by visionaries and dreamers, later usurped by the Crown, through manipulation. Lincoln knew the theft that was planned. And now that manipulation has been corrected. Thank you, God! This has happened in our lifetime.

Dan Scavino put out a tweet on the 17th or 18th, describing a “10 day Grace period” ending February 28th, after which it’s gloves off.

On the 22nd of February, all banks were required to be BASEL 3 compliant, and if not, they were out of business. They could have merged with a solvent, healthy bank, as evidenced by Sun Trust, BBVA, and so many others.

This message went out loud and clear in Russia. In Ukraine, although there was push back, this most important issue has been rectified. Ukraine can get on with Redemption, Restoration and Reclamation, just like more than 200 other countries. A lot of very important events happened in just 2 short weeks, the last of February.

Where’s the Grace that Scavino mentioned though? We all wondered about this. It was a pause for the banks, and others involved in GCR. It was the right sort of last kindness shown to the people involved in bad acts. Giving no quarter for further extensions. The End is Here Now. It’s Time to get on with a New Beginning.

The window of Grace is up on Tuesday. And then Grace becomes our gift – the Grace of RV GCR and 1,000 Years of Peace, with all that this entails, including NESARA.

With the Rule of Law, under NESARA, we’re looking at the Lawful Constitution of 1776, under a new Treasury – for the People. Not too long now.

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

Courtesy of Dinar Guru

Frank26  It's a good day for our investment...the articles are all...good.  The negativity from parliament, it's pretty well stopped and all the one that were negative, you know - 'It's never going to happen.' - Sadr, Maliki they're all saying, 'Yes. It's here.'

Pimpy  Right now I think more than anything Iraq needs to get their government formed before they can make any kind of changes...I know they're telling you what their intentions are...but it's kind of hard to start running before you learn to walk...even if the central bank of Iraq made plans to change the rate they're not going to tell you.  They would not do that in advance.  They're just going to keep denying it, denying it, denying it.

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Greg Hunter: Serious Global Pain as Economic Model Dies (w/ Daniel Estulin)

Saturday, 26 February 2022

International best-selling author, journalist and counter-intelligence expert Daniel Estulin says the problems in the world revolve around the rapidly dying financial system and a “coming global bankruptcy.” 

Estulin contends, “We are looking at $3 quadrillion or $4 quadrillion of global debt, and you are looking at the end of the Bretton Woods economic model.  We are at a critical stage for humanity that will determine the direction of the world.  There is much at stake for us but especially for the liberals because their model, which is based on infinite growth, is coming to an end.”

According to Estulin, the United States is in for hardship and poverty never seen before.  Estulin says, “This is the year for the United States.  A lot of things are going to be decided financially, economically, socially.  The Democrats understand this, and that is why they are leaving in droves. . . . We are coming into some serious pain moments for the global economy.  The Russians are used to suffering and having to live on nothing.  You (USA) are not.”

How bad will this get?  Estulin, who is former Russian intelligence, says just look at what happened to the Soviet Union when it broke up in 1991.  Estulin points out, “Between 1991 and 1998, 26 million Soviet citizens died.  It was caused by starvation, depression, drugs, alcohol and all kinds of things.  Most importantly, it was because 40% of our countrymen lost everything that they saved over the history of their country. . . .

In 1989, in the entire Soviet satellite space, there were around 500 million people in the Soviet Union.  There were only 14 million people living under the poverty line.  That’s 14 million out of 500 million people.  In 1996, just seven years later, these 14 million with the destruction of the Soviet Union, became 168 million. 

So, from 14 million, it went up to 168 million people living under the poverty line.  The same thing is going to happen to the West and the United States. . . . This will be at least two times worse than what happened in the 1929 to 1933 period.  That means future generations are going to be infinitely worse off than my generation. . . . It means the standard of living in the West is going to be something they have never in their lives imagined. 

The kinds of things coming to America and to the west is what you see on television.  You are talking about World War III zombies or some kind of other horrible things.  It is coming home because the United States is in the same position as the Soviet Union in 1991. 

(There is much more in the 54 min. interview.)

https://rumble.com/vvyf7j-serious-global-pain-as-economic-model-dies-daniel-estulin.html

The Atlantis Report:

This Should be the Crash of our Lifetime (w/ Harry Dent)

Feb 26, 2022

Harry Dent warns investors about the coming stock market crash. 90% crash is the minimum we can expect this year. Prepare Now!

Harry Dent is a financial newsletter writer, economist, best-selling author and one of the most outspoken financial editors in America. He’s been warning investors for years about the stock market crash that will likely happen this year.

https://www.youtube.com/watch?v=CF8iQlPeEx0

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