TNT:
KMan: If this works as we’ve been told, I wonder if there is an NDA or if we exchange into fiat dollars, or asset backed as we’ve heard over the years?
Red: asset is here now but not everyplace, we are moving to asset backed very quickly, that may be what we are waiting on…..the bank that exchanges us must be basiel 4 compliant, not all are as of today, but must be for the RV to happen at their bank
Speedy: Earlier today talked to Wells Fargo Manager and asked about selling them Dinar, He said “not quite yet.”
Yada: Have to laugh with all the statements regarding fiat dollars verses asset backed. Like Red said, some places are gradually moving to asset backed but that is just to cover themselves during this time of recession the world is moving into. Do not believe there will be a removal of any currencies we are using now.
Yada: And no GCR because not all countries are able to sustain in any increase or decrease in the values of their currencies that affect their economies. I bet if you asked your family members, not invested in the dinar, what they think of the doing away of the fiat system I can guarantee fear would rise up instantly because the can barely keep up with the current system
Yada: Basiel 3-4? That doesnt make the money at their banks asset back, Basel only make all their business covered if they fail. That includes all their credit cards, mortgages, savings accounts, even their properties, have to have a set amount saved so if they go under, they have to forfeit that asset to keep the rest of the markets from being sucked iin. Look at Greece a few years back, they had to forfeit their assets to fill in the gap of their loses…..That was the year they decided to have the Olympic in Greece. What a mess that was.
RVALready: In the US the currency will become asset backed without changing its format.
Yada: Lets just say, when you go into your banks to do your exchanges and request you’d like the asset backed currency in your accounts. They will look at you funny and shake their heads.
RVAlready: Yada, I have seen several stories from folks at banks who asked about QFS and were told prep was in progress. That will asset back US currency.
Yada: RValready, QFS doesn’t make money asset back, it just secures the transfer of money from one place to another. In the truest sense, to go asset back now, we’d have to slow our economy down because the acquiring of assets would not be able to keep up with the growth. A shortage of money would be realized and those with the greatest of wealth would get the loans and money they need while the smaller business go under. Cant put a gallon of milk in a quart sized carton.
Red: yada, that is in process now! everything is geared towards shutting down the U S economy, inflation, joblessness, supply chain shortages, airline shutdowns, ect, ect, the commodity backed currency is in progress….when the switchover is complete, the money will flow like a high water flood again inthe good ole USofA
RVAlready: Yada, I know QFS people. It is ready to gold back the US currency, and cancel corrupt money transfers. The SWIFT system is about to exit stage left.
JCNoble: red when do you see the switchover being complete? switchover refers to changing to new US currency that is gold back?
Red: any day… if you look at the current 100 dollar bill it is 1/3 gold backed with a gold kettle and a gold feather, that was a few years back , we should be just about there by now….no new paper notes needed for the switchover but they will come a little later on
JCNoble: red so can the current notes with gold kettle and feather be redeemed for gold now?
Red: nope not just gold but many different commodities…..after the public notice of the switchover, just like the silver certificates were silently removed, the Gold back will be secretly and semi silently introduced
RVAlready: Yes, all money in bank accounts will automatically convert to gold backed. At some point you will exchange your Fed Reserve Notes for gold backed Treasury Notes.
Ivantulafitov: If you still have dinars you are either crazy or a genius
Babysmom: Ivan I vote genius
CandyKisses: “When you have a dream, you’ve got to grab it and never let go.” — Carol Burnett
CandyKisses: Enjoy your Friday the 13th today. May it be a lucky day for all of us. ” Friday the 13th is considered an unlucky day in Western superstition. It occurs when the 13th day of the month in the Gregorian calendar falls on a Friday, which happens at least once every year but can occur up to three times in the same year.”
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CandyKisses: Rule of Law: The 2023 budget will be passed in record time
A member of the Iraqi Council of Representatives for the State of Law Coalition, Firas Al-Muslimawi, announced today, that the Council of Representatives seeks to pass the 2023 budget in record time as soon as it arrives from the government, indicating that the amendments are in a “healthy” condition.
Al-Muslimawi said in a press interview seen by Taqadum, that “the 2023 budget is still with the government, and it is expected to reach the House of Representatives in the coming days,” noting that “the political blocs and members of the House of Representatives, as well as parliamentary committees, are supportive of the new government, and supportive of the citizen who is waiting for the budget.”
Al-Muslimawi added that “the parliament is waiting for the arrival of the budget for review, study and amendment of what can be amended to serve the Iraqi citizen, and there is a real will by all political blocs without exception, including the Kurdish blocs, to pass the budget, and start providing services to citizens.”
Al-Muslimawi continued, “The deputy, politician and even executive are aware that its value is what it offers to the citizen and society, so there is a real parliamentary will to pass the budget as soon as possible,” noting that “the observations of some political parties on the budget are a healthy condition to discuss and amend, which are respectable views, and with the presence of that sincere will, the 2023 budget will pass in record time.”
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CandyKisses: Gold is getting brighter
Gold prices rose on Friday to head for gains for the fourth consecutive week, supported by a weaker dollar and expectations that the Federal Reserve will raise interest rates at a slower pace.
Spot gold rose 0.1 percent to $1,898.57 an ounce at 0234 GMT. Its prices have risen 1.8 percent so far this week.
U.S. gold futures rose 0.1 percent to $1,899.60.
The dollar index is on track for its worst weekly performance since Nov. 11, 2022. A weaker dollar makes gold more attractive to overseas buyers.
Data on Thursday showed U.S. consumer prices fell for the first time in more than two-and-a-half years in December, giving hope that inflation is on a sustained downward trend.
Edward Meir, metals analyst at Marx, said: “Gold usually rallies when inflation rises. “But we see gold continue to rise despite slowing inflation as the market looks for a lower dollar and a smaller increase in interest rates.”
“Prices are facing some resistance around the $1,900 level, so maybe they won’t continue to rise, and there may even be some selling at these levels.”
The yellow metal is seen as a hedge against inflation, but high interest rates increase the opportunity cost of holding non-yielding gold.
Philadelphia Federal Reserve Chairman Patrick Harker said on Thursday that while the central bank needs to raise interest rates further to cool inflation, it is likely to do so at a much slower pace. Atlanta Fed President Rafael Bostic said inflation data could allow him to reduce the pace of rate hikes to a quarter point at its next meeting.
The Fed raised interest rates 75 basis points four times last year, before slowing them to 50 basis points in December.
Among other precious metals, spot silver rose 0.1 percent to $23.79, while platinum rose 0.1 percent to $1,068.79, while palladium fell 0.6 percent to $1,780.91. All three metals are heading for weekly declines.
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Tishwash: Muhannad Al-Khazraji: Al-Sudani’s visit to Berlin will create a turning point in the Iraqi economy
Member of the Oil, Gas and Natural Resources Committee, Representative Muhannad Al-Khazraji, confirmed that the visit of Prime Minister Muhammad Shia Al-Sudani to Berlin will create a major turning point in the Iraqi economic file, especially with regard to the electricity and associated gas files.
Al-Khazraji said in a statement, “The delegation that will accompany Al-Sudani, the majority of whom are specialists in the economic field, to develop effective solutions to all economic crises,” noting that “the electricity file will be a top priority, as it is one of the most important challenges facing Iraq since the change to today, and it is spent on it annually.” Billions of dollars in vain.
He added, “The German engineering company (Siemens) is a pioneer in the field of energy production, and it has a plan to raise the rates of electricity supply to Iraq,” noting that “Iraq needs 24,000 megawatts annually, and in reality there are only 13,000 megawatts, and this is what causes interruptions.” The current lasts for long hours, even in winter.
He explained that Iraq wastes more than 1,500 cubic meters of gas per day, and invests only 1,200 cubic meters, meaning that it loses more than 60% of its associated gas on a daily basis. This left behind environmental problems related to air pollution and greenhouse gas emissions, and deprived the country of an important source of energy, forcing it to import from abroad.
He pointed out that “financial, banking, industrial and technological cooperation files will all be present in the Sudanese agenda, in addition to the electricity and gas files.” link
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Al-Fateh: The return of “Siemens” will break Washington’s veto over the energy file
The leader of the Al-Fateh Alliance, Uday Abdul-Hadi, confirmed, on Thursday, that the return of the German company Siemens to Iraq will lead to breaking Washington’s veto.
Abdul-Hadi said in an interview with Al-Maalouma, “Washington adopts a multi-directional agenda in Iraq, the most prominent of which is keeping the electric power file chaotic by thwarting any attempt to create a road map that ends the tragedy of more than 40 million people by blocking any endeavors in this direction.”
He added, “The German company Siemens, which is the leader in the electricity file, developed a road map to end the energy tragedy in Iraq 7 years ago, but Washington deliberately disrupted it in various ways and there is a lot of evidence.” Dialogue with Siemens on the electricity file is a clear signal to break Washington’s veto.”
He pointed out that “experiences after 2003, after America’s slogans regarding the reconstruction of Iraq, are false and illusory, and the results on the ground are the best evidence, and what Washington wants is more chaos and economic crises.”
Prior to his trip to Germany, the Prime Minister confirmed his endeavor to revive talks with Siemens for a radical treatment of the energy file in Iraq link
