Emailed to Recaps:
Sam Oliver: We are under the gold standard.
Gold Backed Currencies begin when the Central Banks back banks with gold.
We are at the final step.
We should see law changes tomorrow on taxes because of the gold standard and new one on the 16th.
Gold Standard is another word for Economy Reforms.
Remember when Iraq went through theirs last year?
We are the last to go.
I remember this being said. Now, it makes sense.
Sam Oliver: It is happening as we go.
So many people have been told it will happen all at once.
It will go up this year because the dollar is deflating.
The world is de-dollarizing still.
As the dollar goes down, it will level off with other countries' values so an open market system can take place.
An open market system is what the gold standard is all about.
It is so different than what we have now.
Right now, you are seeing inflated prices rise. This will settle down when gold backed currency is implemented. It's coming
Q: Sam, I remember Dizzy Bear mentioning that copper is a good indicator of the health of the economy. How is it performing right now compared to the changes with gold and silver?
Sam: It is great. I just posted something earlier on it. Dizzy Bear knew how to let the markets talk to us.
When the books close on the fiat system Oct. 1, you will see incredible changes take place in the metals market in Oct., Nov., and Dec.
Q: Certainly good investments to consider Post RV.
Sam: yessssssssssssssssssssssssssssssssss A second RV IMO LOL Gotta say that at times. a fixed rate of gold doesn't have to be much at first. it can rise as we get closer to that date above. when gold is the only system operating.
Q: A couple of questions that come to mind regarding that. I know in the past the US government confiscated gold from the citizenry, could that happen again? And, when do you think that would take place if it is?
Sam: Rich people buy rare coins to avoid this part you are referring to. But, you will get more than you paid for it as it goes up. I am hoping this doesn't happen this time.
We are catching this crisis on it's way up and not after a crash.
Q: So coins, like the golden eagle, excetera, would be a smarter investment for that reason?
Sam: Rare coins tend to rise higher anyway than bullion.
Tishwash: The Central Bank calls on banks and financial institutions not to deal in dollars with four companies mediated
Baghdad demanded the Central Bank of Iraq, Monday, all banks and financial institutions not to deal in dollars with four companies mediate.
The bank said in a statement received by Alsumaria News, a copy of it, "The banks and financial institutions all not to deal in the currency of the US dollar with each of the Bara and the hour to broker and buy foreign currencies authorized by the bank, knowing that the two companies are denied entry into the window selling and buying foreign currencies.
"Please do not deal with Dubai and Dubai , which are located in the province of Erbil, which are not sanctioned by the Central Bank," the bank said.
The Central Bank of Iraq was established as an independent bank under its law of March 6, 2004, as an independent body responsible for maintaining price stability and implementing monetary policy. It supervises 10 commercial banks, 26 private banks and 16 Islamic banks, as well as 19 foreign banks. 6 financial institutions and 31 financial transfer companies link
Lobster: Need an explanation for new found wealth of some citizens Mr. President? (wink)
Samson:Trump calls on the US Federal Reserve to inject cash to stimulate the economy
15th April, 2019
US President Donald Trump launched a renewed assault on the Federal Reserve, saying the bank's policies had slowed economic growth and dampened gains in equity markets, perhaps 30 percent
Trump called on the bank to restore the quantitative easing cycle similar to what happened between 2007 and 2009 to lift the economy out of recession LINK
Samson: Saleh calls on the government of Muthanna to strive hard to attract investors and capital to maintain
14th April, 2019
The President of the Republic, Barham Salih, on Sunday called on the government of Muthanna to strive hard to attract investors and capital to the province
A presidential statement, received by "Economy News" a copy of it, "President Saleh met today, during his visit to Muthanna province, the President and members of the provincial council and the governor and the directors of the security and service departments
He called on the officials of the province to "exert utmost efforts to provide services to achieve stability and prosperity for the province and seek to attract investors and capital to stimulate agriculture, industry and other sectors in them, and the importance of giving tourism the attention required of the Muthanna sites of historical and archaeological and natural LINK
Samson: 76.89 trillion dinars value of deposits in commercial banks
15th April, 2019
The private director of the Association of Iraqi Private Banks, Ali Tariq, said the increase of government and private deposits in commercial banks operating inside Iraq to 76.89 trillion dinars during the year 2018
Tariq said, "Government and private deposits in commercial banks rose 9.84 trillion dinars in 2018 because of the bank's procedures. The Iraqi Central Bank in support of the Iraqi banking sector, both government and private, in addition to Iraq rid of the financial crisis that hit in 2014 because of the fall in oil prices and security improvement after the elimination of the organization calling, "noting that" deposits in 2017 amounted to 67.05 trillion dinars What rose in 2018, to 76.89 trillion dinars
He added that "private sector deposits in commercial banks amounted to 27.36 trillion dinars, while government deposits amounted to 22.27 trillion dinars in addition to deposits of the public sector sector amounting to 27.26 trillion dinars
He stressed that "the relationship between the citizen and the banking sector is witnessing a significant improvement after the actions of the Central Bank of Iraq, such as the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others," adding that "
Another factor is the integration of Iraq in the global economy, which depends mainly on transactions With the banking sector in addition to the increasing geographical spread of banks through the increase in the number of branches after the awareness programs, as well as increasing the proportion of financial coverage through the provision of electronic payment tools and their impact in attracting the mass of cash
He pointed out that "the coming years will witness an increase in deposits after the launch of deposit insurance company by the Central Bank of Iraq LINK
Sunkissed: WOW!!!!! THIS IS A VERY PREGNANT ARTICLE!!
HUGE HUGE statement: "...in addition to Iraq rid of the financial crisis that hit in 2014"
They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits -- looks like the mattresses are getting leaner!!
And furthermore: "the relationship between the citizen and the banking sector is witnessing a significant improvement" The Iraqi's are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts???? The CBI and Banks have accomplished GREAT strides for sure!!
This is a very BIG article when you break it down.
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE??
I love this article!!
Thank you Samson for such a great find!!!
Popeye7: It does seem the water has broke, and we are about to see the newborn economy of the Middle East... Thanks SK, and love one of your last quotes... "Why would they need these mechanisms AT A PROGRAM RATE?... They wouldn't!"... Spot on.. Why go through all of the trouble via the movers, and shakers of this global economic system for the number of years this has been transpiring to remain at the same worthless rate?... Great breakdown!..
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