Tishwash: The World Bank launches an appeal: More countries are starting to collapse
The World Bank has accused the “leading” central banks of pushing the global economy into a “devastating” recession next year, if interest rates are raised “too dramatically” in the coming months.
The World Bank called on monetary authorities in major economies to coordinate their actions to reduce the overall impact of the tightening, the Financial Times reported.
The World Bank urged governments to provide targeted relief to vulnerable families rather than relying on tighter monetary policy.
World Bank President David Malpass said momentum in the global economy was waning and more countries were already starting to collapse.
“My deep concern is that these trends will continue, with devastating long-term consequences for people in emerging markets and developing economies,” he added link
Mnt Goat The new lower denominations that we are looking for are not yet in circulation. Other countries are not yet exchanging the dinar. There is no reason for them to be exchanging.
Pimpy Article: “Iraq’s gold reserves rise to 130.4 tons”. Iraq continues to add to their reserves. They now have 130.4 tons of gold. Quote: “Iraq ranked 3rd in the Arab world and 30 in the world…” ...with the gold reserves in Iraq increasing and the foreign currency reserves also increasing this is huge for the support of the Iraqi dinar. They’re a big part of what makes a currency strong. I see some big steps being taken that do indeed help the Iraqi dinar in a big way…
Samson: Al-Kazemi’s advisor: The foreign exchange reserve represents real monetary stability for the country
15th September, 2022
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, considered that the rise in foreign exchange reserves is a real monetary stability for the country.
Saleh said, “All indicators confirm today that the country’s foreign exchange reserves, which amounted to about $85 billion, including gold, are at a high level of efficiency and represent real monetary stability for the country.”
Saleh added, in a statement to “Nina” news agency, and followed by “Economy News”, that “these reserves are managed according to the internationally approved standard investment guides and in the various main existing currencies, and they are invested in the best international financial instruments with a high credit rating and low risks, and it is one of the actions of the country’s foreign monetary policy.” LINK
From Simon Parks at Connecting Conciousness: (Emailed from a reader to Recaps)
We have permission from Simon to share credible intel that the banks may be shutting down as soon as this weekend. Accounts will be frozen and there will be no online payments. This was the event planned for September 24th. Now the pentagon has sent information to him that says to take out cash now. This bank shut down will last from 2-10 days. The extent of it will depend on the oppostion from the other side.
Simon wants this information shared and said he would be remiss if he did not share it.
We are told it’s okay to share everywhere…
Hopefully this means they are switching from the fiat to the new Asset backed currency and going to the QFS full time.
Makes sense to have a couple weeks worth of cash on hand in case the ATM’s and point of purchase terminals go down.
Having a month supply of food, water, medicines and pet needs is always a good thing to have on hand 🙂
Note: Please consider all intel as “rumor” until we are at the banks!
Moscow Gold Standard could expose fair gold price and end market manipulation – Piepenburg (Pt. 2/2)
Kitco News: 9-16-2022
Matthew Piepenburg, Commercial Director at Matterhorn Asset Management, returns to discuss the Moscow Gold Standard and how it could end the LBMA and COMEX’s gold price manipulation.
He also discusses Bitcoin and his gold price outlook with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.
0:00 – Gold manipulation and Russia
10:48 – Monetary reset with BRICS, IMF
16:20 – Bitcoin
20:33 – Tipping point for reset
24:21 – Gold price
This is part 2 of a two-part interview. You can watch part 1 here: https://youtu.be/f9-EdC_EtLs
Signals of a Currency Regime Shift
Lynette Zang: 9-16-2022