DJ: DID YOU KNOW?
When it comes to the GCR/RV understanding why it is essential is a good way to begin to understand it. Noting the currencies that are generally recognized as the ones that will increase in value and generate the expected windfall.
When you’re talking about Global Currency Reset it includes adjusting undervalued currency, devalued currency and overvalued currency. We’re talking ALL currencies. Some will adjust up in value but the bulk will stay the same or go down in value.
First one has to question why a country who has an undervalued currency would want to increase its value. An undervalued currency is one that is priced lower than its true market value or purchasing power parity, often due to market perceptions or government intervention, making exports cheaper and more competitive, boosting exports and reducing trade deficits.
But it can also contribute to inflation making imported goods more expensive creating higher costs for consumers and businesses that rely on foreign goods.
An overvalued currency is priced higher than its market value or purchasing power parity, which can make exports more expensive and imports cheaper, potentially leading to trade deficits
A devalued currency, on the other hand, occurs when a government deliberately lowers the value of its currency relative to others, typically through official policy changes, to boost export competitiveness or reduce trade deficits. Historically these policies create overprinting of their currency.
The most direct effect of over-printing currency is hyperinflation, a condition where prices of goods and services increase uncontrollably. As the money supply expands, the value of each unit of currency decreases, leading to a loss of purchasing power
Germany (1923) The Weimar Republic experienced one of the worst hyperinflation in history. In November 1923, the German mark became almost worthless..
Zimbabwe (2009) experienced hyperinflation in the 2000s, with inflation reaching an estimated 79.6 billion percent month-on-month in November 2008.
In 1985 Bolivia faced hyperinflation by overprinting with inflation rates peaking at 24,000% annually.
Hungary (1945-1946) . After World War II, Hungary faced massive war debts and reparations. The government printed money to meet these obligations. Hyperinflation in Hungary reached unprecedented levels, with prices doubling approximately every 15 hours.
Currently the U.S. is following the same trajectory as these previous failures by overprinting the U.S. dollar. And if the bulk of transactions of currency changes is going to be in USD , it’s something to pay attention to.
The point of the GCR is to create a global monetary system, where these shenanigans, of a country’s policies, to manipulate global trade through manipulation of their currency values, will be a thing of the past.
Understand that the GCR is all about world trade. Understanding that will help you keep your focus in the right direction.
When you’re trying to hit a home run, keep your eye on the ball not the fence you’re trying to hit it over.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Referring Al-Alaq to retirement: a legal step or settling political scores?" It's been ongoing for the last few days there's been a suggestion that he was going to resign. There wasn't any meat and potatoes to that...Then they went after his age. They said he was too old. Then now there suggesting there's political scores that are doing this battle and giving bad publicity...Some people out there...made a lot of money, they're not going to any more, off those dollar auctions. They did it for a long long time.
Mnt Goat ...we read yet more articles on the banking reforms now in motion, just as I was told would take place... Yes, measures are being put in place just as my [CBI] contact told me would happen and the situation with the banks is going to be resolved, and soon
TNT:
Tishwash: It will provide 5 thousand job opportunities.. 3 central markets will soon open in Baghdad
The Ministry of Trade announced today, Monday, the imminent opening of 3 central markets in the capital, Baghdad, after their rehabilitation work reached advanced completion rates, confirming the provision of no less than 5,000 job opportunities in each central market.
The Director General of the Central Markets Company at the Ministry, Zahra Al-Kilani, said that “the construction, electrical and mechanical works in the central Al-Amel Market and Al-Salihiya Market are nearing completion, and we are awaiting the arrival of the goods that will be displayed in these markets, followed by the opening of the central Al-Shaab Market,” stressing that “work in the central markets has reached advanced stages.”
She added, "The company focused on rehabilitating the central markets in Baghdad Governorate as the capital, after which it will move to the governorates, including Nineveh, Kirkuk, Najaf, Diwaniyah, Maysan and Basra."
She explained that "the Iraqi constitution urged the open market, as well as the federal budget laws that were issued after that, which urged participation with the private sector, which is a global system, so the company concluded partnership contracts with companies specialized in the field of central market activity."
She pointed out that "the statistical studies and economic tables prepared by the company in cooperation with accredited consulting offices indicate that each market will accommodate no less than 5,000 job opportunities for young people, distributed among workers, administrators, and accountants, in addition to other jobs."
She pointed out that "there are marketing exhibitions in the governorates of Diyala, Muthanna and Karbala to sell electrical and electronic devices, and the payment method is in cash or in installments."
She noted that "the company's branch building in Babylon Governorate has been transformed into a free market, and is awaiting the issuance of a customs decision from the General Authority of Customs, so that the market can begin its work and enter commercial operation." link
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Update on Iraq's Financial Outlook in 2025
Nader: 8-12-2024
