Forwarded from Southern Boy ♥️
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Forwarded from Gold Telegraph
THE SWEET IRONY. 🃏 🙋♂️
In 2020, the Federal Reserve engaged BlackRock to manage the acquisition of corporate bonds and commercial mortgage-backed securities.
Under the Fed's program, BlackRock:
“Could buy some of its own funds on behalf of the central bank.”
Today,
We are observing significant turmoil in the debt markets, which is being propelled by problems in the commercial real estate sector.
Now, the leader of BlackRock is saying gold investors hurt capital market development.
The truth is…
Read full article: https://x.com/goldtelegraph_/status/1773104921518453197?s=46
In 2020, the Federal Reserve engaged BlackRock to manage the acquisition of corporate bonds and commercial mortgage-backed securities.
Under the Fed's program, BlackRock:
“Could buy some of its own funds on behalf of the central bank.”
Today,
We are observing significant turmoil in the debt markets, which is being propelled by problems in the commercial real estate sector.
Now, the leader of BlackRock is saying gold investors hurt capital market development.
The truth is…
Read full article: https://x.com/goldtelegraph_/status/1773104921518453197?s=46
X (formerly Twitter)
Gold Telegraph ⚡ (@GoldTelegraph_) on X
THE SWEET IRONY. 🃏 🙋♂️
In 2020, the Federal Reserve engaged BlackRock to manage the acquisition of corporate bonds and commercial mortgage-backed securities.
Under the Fed's program, BlackRock:
“Could buy some of its own funds on behalf of the central…
In 2020, the Federal Reserve engaged BlackRock to manage the acquisition of corporate bonds and commercial mortgage-backed securities.
Under the Fed's program, BlackRock:
“Could buy some of its own funds on behalf of the central…
Forwarded from Gold Telegraph
The Office for Budget Responsibility forecasts that by the end of the Bank of England’s quantitative tightening, quantitative easing will have cost UK taxpayers £100bn.
£100 BILLION.
The system is broken.
Read: https://x.com/goldtelegraph_/status/1773127574341730595?s=46
£100 BILLION.
The system is broken.
Read: https://x.com/goldtelegraph_/status/1773127574341730595?s=46
X (formerly Twitter)
Gold Telegraph ⚡ (@GoldTelegraph_) on X
The Office for Budget Responsibility forecasts that by the end of the Bank of England’s quantitative tightening, quantitative easing will have cost UK taxpayers £100bn.
£100 BILLION.
The system is broken.
£100 BILLION.
The system is broken.
Forwarded from Ron
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Forwarded from Ron
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Forwarded from Wolverine 🇦🇺 🇦🇺
RV👉 "Coffee with MarkZ" Thursday Morning Chat 03-28-2024 Member: Do we have the green light yet, Mark?
MZ: I think we have the green light. I'm looking forward to seeing what the next few days have in store for us.
MZ: The bond people are still waiting early next week for final contracts and receipt of 1% of their funds. I hope to have a check from the Redemption Center tomorrow to find out if they are on duty this weekend or not.
MZ: I think we have the green light. I'm looking forward to seeing what the next few days have in store for us.
MZ: The bond people are still waiting early next week for final contracts and receipt of 1% of their funds. I hope to have a check from the Redemption Center tomorrow to find out if they are on duty this weekend or not.
Forwarded from Mike Bara
Latest Rumtel: Announcement from Al-Sudani (our) Saturday. Prices in stores and restaurants to change in Iraq on Sunday. Get ready this could be it.
BRUCE BIG CALL UNIVERSE
INTEL ONLY
*WHERE ARE WE NOW*
Short and sweet - lots of info this afternoon – all sanctions were dropped with Iraqi banks and all is clear and Iraq has a new rate on the CBI and it’s very good and they should bring out the INTL rate Sunday. Remember we told you Super Whales and Whales had received their emails and some have had access already but the total of the Bond Holders won’t be completed till Noon Sunday and we go on the heels of them – so RC staff are going in on Monday and Bigger staff for Tuesday - so we are looking to get notified Monday and exchanges Tuesday and they have pushed us to April and past Easter – so we’ll celebrate Resurrection Day - so that’s what we are looking at - well we did think we’d get this before Easter and now we hear those Bond Holders will be done Sunday and we’ll have that new rate out for the Dinar and another thing - the Rodigueze Trust a depth which seem unlimited and will also be released along with St. Germanine – and the first RT funding North and South America and that I think is what everyone wanted to now – and rates are great and Iraqi Dinar we should get the contract rate which is tied to oil – so if you want to track that I believe it’s North Sea Brent. But it’s for those who go to the RC and they should offer it – other than that things are moving well for us and Iraq the stage is set and I think we’re set to start with the R&R and also the SS both in April as well as the 800’s on April 1st and start exchanging to the 2nd, and public are now pushed to the 8th or 9th about a week after us.
Bruce wanting everyone to have a wonderful Easter and Celebrate and we look forward to this going right after Easter. Bruce is excited about this moving and saying a bit about Sue - but that probably won’t be happening with the new class. So am sure with more wonderful intel tonight – he will now just pray out the call - so please join with Bruce in that prayer and also keep your own prayers being said with heartfelt intent until those notifications are received.
This REALLY SHOULD BE THE LAST BIG CALL and we should get those numbers Monday and a whole new world Tuesday. Love to you ALL Always Gem.
INTEL ONLY
*WHERE ARE WE NOW*
Short and sweet - lots of info this afternoon – all sanctions were dropped with Iraqi banks and all is clear and Iraq has a new rate on the CBI and it’s very good and they should bring out the INTL rate Sunday. Remember we told you Super Whales and Whales had received their emails and some have had access already but the total of the Bond Holders won’t be completed till Noon Sunday and we go on the heels of them – so RC staff are going in on Monday and Bigger staff for Tuesday - so we are looking to get notified Monday and exchanges Tuesday and they have pushed us to April and past Easter – so we’ll celebrate Resurrection Day - so that’s what we are looking at - well we did think we’d get this before Easter and now we hear those Bond Holders will be done Sunday and we’ll have that new rate out for the Dinar and another thing - the Rodigueze Trust a depth which seem unlimited and will also be released along with St. Germanine – and the first RT funding North and South America and that I think is what everyone wanted to now – and rates are great and Iraqi Dinar we should get the contract rate which is tied to oil – so if you want to track that I believe it’s North Sea Brent. But it’s for those who go to the RC and they should offer it – other than that things are moving well for us and Iraq the stage is set and I think we’re set to start with the R&R and also the SS both in April as well as the 800’s on April 1st and start exchanging to the 2nd, and public are now pushed to the 8th or 9th about a week after us.
Bruce wanting everyone to have a wonderful Easter and Celebrate and we look forward to this going right after Easter. Bruce is excited about this moving and saying a bit about Sue - but that probably won’t be happening with the new class. So am sure with more wonderful intel tonight – he will now just pray out the call - so please join with Bruce in that prayer and also keep your own prayers being said with heartfelt intent until those notifications are received.
This REALLY SHOULD BE THE LAST BIG CALL and we should get those numbers Monday and a whole new world Tuesday. Love to you ALL Always Gem.
Forwarded from ぴょんたか
Iraq Central Bank increases overseas dollar transactions via SWIFT system
Baghdad – Iraq, fighting a booming currency black market, has considerably increased overseas dollar transactions through the official global SWIFT system, the Central Bank vice governor said on Monday.
With dollars dominating the country’s economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically.
At the end of 2022 the country’s bankings sector also adopted the international financial messaging system known as SWIFT as part of the reforms, to help tackle money laundering and ensure respect for international sanctions.
Oil-rich Iraq has no shortage of dollars, with foreign currency reserves of more than $100 billion (92 billion euros). But experts say tax evasion, the black market and dollar smuggling to countries and entities facing United States sanctions, mainly neighbouring Iran, have increased demand for foreign currencies.
Transactions through the Central Bank electronic platform — which ensures compliance with SWIFT — have considerably increased, the bank’s vice governor Ammar Khalaf told AFP.
Many “foreign trade transactions are now being conducted via the platform,” he said.
“At the beginning of 2023, transactions were at $50 million per day. Now, we have around $200 million, which is consistent with the size of Iraq’s economy,” he added.
Iraqi banks wanting to access dollar reserves held in the United States must make transfers through the electronic system. The US Federal Reserve will then examine the requests and block them if it finds them suspicious.
“We noticed that rejections have decreased recently because the banks understood international requirements” and traders know better what is needed to transfer their money, Khalaf said.
But the black market is still thriving.
The official exchange rate is fixed by the government at 1,320 dinars to the dollar. On unofficial markets the dinar has been trading at 1,470 per dollar.
Iraq has close commercial ties with Iran, which also wields considerable political influence in Baghdad where its Iraqi allies dominate parliament and back the current government.
Prime Minister Mohamed Shia al-Sudani acknowledged last year that sanctions preventing dollar transfers to Iranian banks had driven Iraqi traders to the black market.
In late November, the government announced steps to encourage importers of goods like cigarettes, cars, gold and mobile phones to use official channels to obtain dollars.
Iraqi authorities have banned more than 20 Iraqi banks from conducting dollar transactions in accordance with US regulations regarding sanctions and against money laundering.
“We are in constant contact with the American Treasury in an attempt to lift the ban,” Khalaf said, hoping that talks “will yield good and positive results.”
The banned banks are restricted from dealing in dollars, but they are allowed to operate local transactions.
https://www.iraqinews.com/iraq/iraq-central-bank-increases-overseas-dollar-transactions-via-swift-system/
Baghdad – Iraq, fighting a booming currency black market, has considerably increased overseas dollar transactions through the official global SWIFT system, the Central Bank vice governor said on Monday.
With dollars dominating the country’s economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically.
At the end of 2022 the country’s bankings sector also adopted the international financial messaging system known as SWIFT as part of the reforms, to help tackle money laundering and ensure respect for international sanctions.
Oil-rich Iraq has no shortage of dollars, with foreign currency reserves of more than $100 billion (92 billion euros). But experts say tax evasion, the black market and dollar smuggling to countries and entities facing United States sanctions, mainly neighbouring Iran, have increased demand for foreign currencies.
Transactions through the Central Bank electronic platform — which ensures compliance with SWIFT — have considerably increased, the bank’s vice governor Ammar Khalaf told AFP.
Many “foreign trade transactions are now being conducted via the platform,” he said.
“At the beginning of 2023, transactions were at $50 million per day. Now, we have around $200 million, which is consistent with the size of Iraq’s economy,” he added.
Iraqi banks wanting to access dollar reserves held in the United States must make transfers through the electronic system. The US Federal Reserve will then examine the requests and block them if it finds them suspicious.
“We noticed that rejections have decreased recently because the banks understood international requirements” and traders know better what is needed to transfer their money, Khalaf said.
But the black market is still thriving.
The official exchange rate is fixed by the government at 1,320 dinars to the dollar. On unofficial markets the dinar has been trading at 1,470 per dollar.
Iraq has close commercial ties with Iran, which also wields considerable political influence in Baghdad where its Iraqi allies dominate parliament and back the current government.
Prime Minister Mohamed Shia al-Sudani acknowledged last year that sanctions preventing dollar transfers to Iranian banks had driven Iraqi traders to the black market.
In late November, the government announced steps to encourage importers of goods like cigarettes, cars, gold and mobile phones to use official channels to obtain dollars.
Iraqi authorities have banned more than 20 Iraqi banks from conducting dollar transactions in accordance with US regulations regarding sanctions and against money laundering.
“We are in constant contact with the American Treasury in an attempt to lift the ban,” Khalaf said, hoping that talks “will yield good and positive results.”
The banned banks are restricted from dealing in dollars, but they are allowed to operate local transactions.
https://www.iraqinews.com/iraq/iraq-central-bank-increases-overseas-dollar-transactions-via-swift-system/