Samson: America reveals the meeting of 11 embassies to support Iraq
12th September, 2022
The American Ambassador to Iraq, Elena Romanowski, revealed on Tuesday, a meeting of diplomats from 11 embassies and international organizations to help increase trade and investment in Iraq.
Romanowski said, in a statement issued by the embassy, which was received by Shafaq News Agency, that the United States “supports economic reform and a strong private sector in Iraq, which creates more job opportunities for the people, more investment opportunities, and a prosperous Iraq.” LINK
Courtesy of Dinar Guru
Pimpy Article: “Iraqi gold reserves rise to 131 tons” We’re seeing Iraq increase their gold holdings more and more. This only strengthens the currency…it’s nice to see Iraq increase their reserves. It’s nice to see Iraq increase their gold holdings. Both do a great job of strengthening the Iraqi dinar so that when they finally go to make the exchange rate change they will be protected. But until that country is stable that’s not going to happen.
Frank26 I told you our government is roaming the surface of all 50 states looking to devour you. Whatever it takes. Women, children, grand parents, grand old people doesn’t matter. This is a monster machine that is going to be released…you got to get ready. You think winning the lottery is easy? It’s the most stressful thing you could ever go through… you need to be ready because they’re coming after you to destroy you. You don’t think they know about Iraq? You don’t think they know how many citizens of America have dinars? … they got 80,000 [New IRS agents] to go after you… [Note: Consult your tax professionals to determine your taxes based on your unique circumstances.]
An Asian Bretton Woods?
by Alasdair Macleod: Sept. 9, 2022
The financial war between Russia with China’s tacit backing on one side, and America and her NATO allies on the other has escalated rapidly. It appears that President Putin was thinking several steps ahead when he launched Russia’s attack on Ukraine.
We have seen sanctions fail. We have seen Russia achieve record export surpluses. We have seen the rouble become the strongest currency on the foreign exchanges.
We are seeing the west enter a new round of European monetary inflation to pay everyone’s energy bills. The euro, yen, and sterling are already collapsing — the dollar will be next. From Putin’s point of view, so far, so good.
Russia has progressed her power over Asian nations, including populous India and Iran. She has persuaded Middle Eastern oil and gas producers that their future lies with Asian markets, and not Europe. She is subsidising Asia’s industrial revolution with discounted energy. Thanks to the west’s sanctions, Russia is on its way to confirming Halford Mackinder’s predictions made over a century ago, that Russia is the true geopolitical centre of the world.
There is one piece in Putin’s jigsaw yet to be put in place: a new currency system to protect Russia and her allies from an approaching western monetary crisis. This article argues that under cover of the west’s geopolitical ineptitude, Putin is now assembling a new gold-backed multi-currency system by combining plans for a new Asian trade currency with his new Moscow World Standard for gold.
Currency developments under the radar
Unreported by western media, there are some interesting developments taking place in Asia over the future of currencies. Earlier this summer, it emerged that Sergei Glazyev, a senior Russian economist and Minister in charge of the Eurasian Economic Commission (EAEU), was leading a committee planning a new trade currency for the Eurasian Economic Union.
As put forward in Russian and EAEU media, the new currency is to be comprised of a mixture of national currencies and commodities. A weighting of some sort was suggested to reflect the relative importance of the currencies and commodities traded between them. At the same time, the new trade settlement currency was to be available to any other nation in the Shanghai Cooperation Organisation and the expanding BRICS membership. The ambition is for it to become an Asia-wide replacement for the dollar.
More specifically, the purpose is to do away with the dollar for trade settlements on cross-border transactions between participants. It is worth noting that any dollar transaction is reflected in US banks through the correspondent banking system, potentially giving the US authorities undesirable economic intelligence, and information on sanction-busting and other activities deemed illegal or undesirable by the US authorities. Furthermore, any transaction involving US dollars becomes a matter for the US legal system, giving US politicians the authority to intervene wherever the dollar is used.
As well as removing these disadvantages, through the inclusion of a basket of commodities there appears to be an acceptance that the new trade currency must be more stable in terms of its commodity purchasing power than exists with that of the dollar. But we can immediately detect flaws in the outline proposal. The mooted inclusion of national currencies in the basket is not only an unnecessary complication, but any nation joining it would presumably trigger a wholesale rebalancing of the currency’s composition.
Including national currencies is a preposterous suggestion, as is any suggestion that the commodity element should be weighted by trade volumes transacted between participating states. Instead, an unweighted average of energy, precious metals, and base metals makes more sense, but even that does not go far enough. The reasons are illustrated by the two charts in Figure 1.
Read full article here: https://www.sgtreport.com/2022/09/an-asian-bretton-woods/
Iraq News BREAKING NEWS Iraq’s Governor of CBI Makes an Announcement
Edu Matrix: 9-12-2022
Hi guys, Sandy here: I am sorry to bother you, but this could not wait. This morning’s breaking news story came to me at about 10 pm last night, Central American time.
This story was on the front page of a major news portal in Iraq this morning. Central Bank Governor (Mustafa Ghaleb Makhif) confirmed on Monday, today, that the bank is in the process of raising Iraq from “high-risk” countries according to the classification of the European Union.
Now, I am a research reporter registered with the DOT, with a limited intellect in video creation, and I am not sure what that statement means, but the channel will find out. It looks like Iraq is sending a message.
Although the Oil Minister is under investigation for corruption, the Governor of the Central Bank of Iraq is saying everything is okay. “We seek to activate indirect monetary policy tools as well as adopt quantitative easing through the Central Bank’s initiatives, which amounted to about 18 trillion dinars,” he added.
The channel will keep you updated.
ALERT! 170 Years of Silver Price Suppression Ends w/ a BANG not a WHIMPER!!
(Bix Weir) 9-13-2022
We are in the middle of a total and complete breakdown of 110 years of fiat price manipulation and 170 years of SILVER PRICE SUPPRESSION!
If they want it to go on they will have to create $QUADRILLIONS more fiat out of thin air…I DON’T THINK THEY WANT IT TO GO ON!!