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Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Restructuring Gov Banks Represents A Pivotal Step Toward Developing The Banking Sector. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Iraq Facing Economic Challenges: IMF's Vision for 2025? ARTICLE: The International Monetary Fund (IMF) issued a concluding statement on May 15, 2025, addressing the economic situation in Iraq, highlighting the economic challenges facing the country & presenting a roadmap for urgent reforms aimed at achieving financial stability. Current Economic Challenges: The Iraqi economy faces complex challenges ranging from slowing global growth, Trump's trade wars, accelerating global inflation & declining oil prices, the primary source of revenue. Expansion in government spending (employment sector) is also widening the fiscal deficit & exacerbating the risk of reliance on oil as the primary source of revenue. The challenges are not limited to public finances alone, but also include deteriorating infrastructure, a weak private sector & a lack of investment in non-oil sectors. This is in addition to the fiscal deficit rising to 4.2% of GDP & a significant decline in the current account surplus. This decline is a critical indicator that must be carefully considered, given that the current account is an important indicator of the health of the country's overall economy. Outlook for 2025: The Fund expects economic growth to remain weak this year, with non-oil GDP slowing to 1%. The current account is also expected to deteriorate further, impacting foreign exchange reserves, which reached $100 billion at the end of 2024, covering more than a month of imports. The future of the Iraqi economy: The IMF believes that the future of the Iraqi economy depends largely on the government's ability to implement structural & financial reforms. Iraq possesses significant potential for economic growth, but realizing this potential requires taking concrete steps to implement a set of reforms proposed by the Fund. The IMF statement emphasized the importance of cooperation between the Iraqi government & the IMF to implement these proposed reforms, which would contribute to improving the country's economic conditions. In conclusion, the IMF's vision is not merely recommendations, but rather an opportunity to redirect the Iraqi economy toward sustainability through strategic planning & effective implementation of the proposed economic & financial reforms. The Exchange Rate Of The USD Rose Against The Iraqi Dinar, This Wednesday Morning, In Baghdad Markets. The Dollar ER rose on Baghdad's two main stock exchanges, Al-Kifah and Al-Harithiya, to 142,700 Dinars per $100. On Tuesday, it reached 142,450 Dinars per $100. Selling prices at exchange offices in Baghdad's local markets rose, reaching 143,750 Dinars for $100 & 141,750 Dinars for $100. The Permanent Council For Private Sector Development Is Examining Mechanisms To Enhance Its Role In The Iraqi Economy. The Permanent Council for Private Sector Development held its 2nd consultative session on Wednesday evening at the Ministry of Planning. To discuss & follow up on the recommendations arising from the first meeting of the Council, including its working mechanisms & pivotal role in serving development in the country. The 2nd Deputy of the Council, Abdullah Saleh Al-Jubouri, said that this is the second session, which is very important to establish work mechanisms & define the role of the Council by involving the Ministerial Council for Economy & the Council of Ministers & Representatives in correcting, amending and arranging everything related to the private sector in all its sectors, which represent (19) important sectors & include all economic activities carried out by the state. Al-Jubouri stressed the need to develop the role of the private sector to lift a large burden off the shoulders of the rentier state, by having the private sector assume the responsibility of managing the wheel of the Iraqi economy at the present time to get out of the circle of the rentier state & seek to provide great job opportunities for various segments of society to achieve the development of the country. For his part, the Prime Minister's Advisor, Dr. Hamoudi Abbas Al-Lami, explained: This session came to discuss issues related to the private sector & work on formulating & crystallizing them in order to present them to the PM. Thus, transforming them into decisions that support this sector, which represents the solution to all problems, including providing job opportunities & addressing financial problems resulting from fluctuating oil prices & other issues that all countries are experiencing as a result of military & political developments & regional conflicts. For his part, the Director General of the Department of Economic and Financial Policies at the Ministry of Planning, Dr. Sabah Jundi Mansour, indicated that the Council represents a vital platform for strengthening partnerships between the public & private sectors. He stressed that this partnership is an urgent necessity to drive sustainable economic development in Iraq & open new horizons for investment. He stressed the need for our recommendations & decisions to be implementable & serve the country's development goals, thus promoting & developing the private sector. The session, which was attended by the Secretary-General of the Council, Muhammad Al-Har, witnessed the participants presenting specialized sectoral papers that addressed the challenges and opportunities for developing the private sector in various fields, praising the role of the Ministry of Planning, its great support for the private sector & its efforts to provide the best conditions for the Council's work. Minister Of Finance: Restructuring Government Banks Represents A Pivotal Step Toward Developing The Banking Sector. Finance Minister Taif Sami affirmed on Wednesday that the restructuring of government banks represents a pivotal step towards developing the banking sector. A statement from the ministry received by Mawazine News stated: “Minister of Finance Taif Sami chaired today a joint meeting of the administrations of Rafidain & Rashid Banks & representatives of Ernst & Young Consulting to follow up on the implementation stages of the government banks restructuring project.” The statement added that “the meeting discussed the progress made in reviewing & updating the internal regulations of the two banks in line with governance requirements, in addition to assessing the status of the banks’ foreign branches & ways to develop them & link them to the central administration.” The statement explained that “the meeting also addressed updating data on credits, deposits & clean assets & implementing the comprehensive banking system in an increasing number of branches, in addition to reviewing plans to increase the capital of the two banks, studying the reality of investments & assessing their financial feasibility.” It continued, “The meeting also touched on following up on the legal aspects related to the restructuring process & the proposed amendments to the internal regulations to ensure their consistency with applicable banking laws & regulations.” According to the statement, the minister stressed "the need to accelerate the pace of work & implement requirements according to the specified timetables," noting that "the restructuring of government banks represents a pivotal step toward developing the banking sector & raising its efficiency." Sami called for "continued coordination between the two banks & the consulting body to ensure the completion of the requirements for institutional & administrative transformation."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Al-Sudani Confirms The Continuation Of The Banking Reform Process & Directs Bank Administrations To Simplify Procedures. ARTICLE: PM Mohammed Shia Al-Sudani affirmed the continuation of the banking reform process, while directing bank administrations to simplify procedures & encourage citizens to deposit. His media office said in a statement, "PM Mohammed Shia al-Sudani chaired a meeting today with the chairmen of the boards of directors of Iraqi banks, during which the mechanisms for implementing the banking reform plans prepared by the government as part of comprehensive reforms for the economic sector were discussed." Al-Sudani emphasized that "all government sectors are linked to an efficient & flexible banking system that relies on modern technology," noting that "the government has adopted comprehensive plans for banking reform & contracted with private financial auditing firms, covering all banks & has made significant progress in implementation." He explained that "the work of the First Rafidain Bank will be launched with a new look & vision, in partnership with specialized & well-known banks," noting that "a clear roadmap has been formulated to address the situation of the private banking sector, as a partner in development, emphasizing the need for cooperation during the next phase to take effective steps towards reforming the economy." He pointed out that "the state should refrain from detailed intervention in sectors & assume a regulatory role," indicating that efforts are being made to "engage the private sector & foreign companies in all major projects, as well as support local productive sectors & absorb the imported cash flow into providing domestic goods & services to citizens as an alternative to imports, ensuring support for local investment." The Prime Minister directed banks to "simplify procedures, participate broadly in the development process, participate as investors in all available opportunities, move toward partnerships with foreign companies & work to build trust with citizens, which will help ensure they have peace of mind about depositing their money in banks." For their part, the heads of the Iraqi banks' boards, according to the statement, "thanked the government for its support to the banks & its assistance in resolving their problems," & emphasized the rise in credit & financial dependency indicators. They pointed out that “the trading through electronic payment increased from (1.7) trillion Dinars in 2020, to reach (21) trillion Dinars in 2024,” stressing the readiness “to localize the salaries of private sector workers & their commitment to restructuring Iraqi banks & the (Oliver Wyman) plan, as it will be a comprehensive solution to most of the problems that the banking sector suffers from.” Rafidain Regarding Depositors' Funds: Fully Insured. Confirmed Rafidain Bank on Monday that its financial position is excellent & that it is committed to fully covering expenses. While noting that the amounts withdrawn by the bank were from its sovereign accounts, emphasized that all depositors' funds are fully insured. The Director of the Payments & Reciprocal Accounts Department at the bank, Ahmed Thamer Al-Ghariri, told the official agency, followed by Sumaria News, that "Rafidain Bank has not yet recorded any cases of failure to fulfill financial obligations," indicating that "things are proceeding properly." He added, "The bank's financial position is excellent," noting the bank's "full commitment to covering customers' expenses & obligations without any obstacles." He stressed that "the sums withdrawn by the Ministry of Finance are from its own sovereign accounts & have no relation to citizens' deposits," noting that "more than 80% of government department accounts are deposited in Rafidain Bank, which is naturally subject to the policies of the Ministry of Finance, which can use these funds to serve the state's financial policy, leading to a natural increase or decrease in the bank's balance." He pointed out that "all depositors' funds, which number more than seven million customers, are fully insured, whether in reserves or other balances," explaining that "the bank is fully committed to its customers with all current and future banking products." Chestertons Global Enters Iraq With Baghdad Office. In line with its strategic expansion across the Middle East, UK’s Chestertons Global has announced the opening of a new office in Baghdad, Iraq. This marks a significant milestone as the int'l property brokerage continues to strengthen its presence in the Middle East. The Baghdad office will offer a full suite of property services, including residential & commercial sales and rentals, investment advisory, valuations & market research. Chestertons Global’s entry into Iraq is a timely move, as the country’s real estate sector continues its rapid development. Valued at $1.12 billion in 2024, Iraq’s property market ranks among the largest in the Arab world & is expected to grow at an annual rate of 6%. With over 100 offices across 21 countries, the addition of Iraq strengthens Chestertons Global’s int'l network & significantly enhances its capacity to serve clients in one of the region’s most promising markets.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Run On Rafidain & Rashid banks unfounded. Iraqi Banks remain solid with reserve liquidity. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Finance: Rafidain & Rashid Banks Maintain High Liquidity & Cash Reserves That Exceed The Ratios Set By The CBI. ARTICLE: The Ministry of Finance confirmed: "Rafidain & Rashid banks maintain high liquidity & cash reserves that exceed the percentages set by the CBI." The Ministry Said In A Statement: "Referring to what was circulated by some media outlets & social media platforms & what was attributed to a number of MPs regarding the government withdrawing the balances of Rafidain & Rashid banks, there are those who understand the political competition, whether ignorantly or intentionally, as the promotion of lies & rumors or an attempt to spread false information with the aim of incitement & spreading confusion & this is what the government considers the worst type of electoral discourse, because it evades moral responsibility." She Explained: "The funds withdrawn do not represent citizens' deposits or insurance balances in banks, but rather belong to the Ministry of Finance's sovereign accounts. They were kept in those banks as a temporary operating tool & after the need for them ceased & in accordance with financial & administrative instructions, they were transferred to be reallocated within the General Budget." She Said That: "Comparing these measures to the experiences of banking collapses in other countries is inaccurate & ignores the unique legal & regulatory structure of the Iraqi banking sector, which is subject to the supervision of the CBI & applies strict regulations in the field of compliance & governance." She Pointed Out That: "Rafidain & Rashid Banks maintain high liquidity & cash reserves that exceed the percentages set by the CBI & they perform their duties regularly in disbursing salaries, financing projects& fulfilling obligations to customers." She pointed out that Rafidain Bank's legal reserves at the CBI currently stand at approximately 9 trillion Iraqi dinars, reflecting the strength of its financial position. “In recent days, some have resorted to feeding some local agencies, news pages & social media bloggers that the government has resorted to withdrawing Rafidain Bank’s reserves in order to fill the liquidity shortage.” She Continued, Explaining: “The latest letter issued by the CBI, dated April 24, proves beyond doubt that Rafidain Bank’s unused mandatory reserves have reached 4 trillion & 277 billion Dinars, while the used reserves have reached 4 trillion and 263 billion Dinars. Thus, Rafidain Bank’s total reserves at the CBI exceed 8 trillion & 540 billion Dinars, as they have not been touched in any way, shape or form.” The ministry explained, "The thefts that previously affected some trust accounts occurred because these funds were left unattended for long periods, creating technical loopholes that were exploited by corrupt networks. New oversight measures have been implemented in coordination between the bank & the Ministry of Finance to mitigate these risks." The Ministry Of Finance Stressed That: “Criticism that resorts to falsifying facts & spreading information that has no basis in truth is a destructive act that seeks to undermine the government’s achievements that citizens have witnessed in various fields,” indicating that: “The levels of financial & economic transparency that the government is working with are an unprecedented path, witnessed by major int'l financial institutions & they have raised the level of Iraq’s credit rating & confidence in its economy, attracted global investments & are now creating job opportunities & fueling development, after the Iraqi economy was captive to rent & dependence on oil.” She Stressed That: "the government will continue its approach to economic reform, strengthening banking operations & financial management & will not stop at cheap lies aimed at disrupting and undermining the trust citizens have placed in the government's approach & objectives." The Ministry called on all media professionals and social media users to be accurate & assume national responsibility when addressing financial issues, stressing that the doors of the Ministry & banks are open to anyone who wishes to have a professional look at official data & reports. Al-Kadhimi Explains The Government's Motives For Using Tax Trust Funds. Parliamentary Finance Committee member Moeen Al-Kadhimi revealed on Saturday that delays in financial transfers from the US Federal Reserve were the primary reason behind the Ministry of Finance resorting to using tax deposit funds to secure employee salaries & cover basic expenses. Al-Kadhimi told Al-Maalouma News Agency that "the weak flow of funds from oil sales revenues held in Iraq's account at the US Federal Reserve has led the Ministry of Finance to resort to using tax deposit funds to secure employee salaries for April & the coming months." He Explained That: "Iraq sells approximately 3.3 million barrels of oil daily & the proceeds are deposited in a special account at the US Federal Reserve. However, these funds are not transferred directly domestically, but rather are disbursed via remittances directed to traders to import various goods." He Pointed Out That: "some of these remittances are delayed, leading to a decline in the flow of Iraqi Dinars into the local market, thereby impacting the ability of the Ministry of Finance & the CBI to meet internal obligations, most notably salaries." He added that "the Minister of Finance submitted a request during the Cabinet meeting to withdraw these funds," noting that "this measure is legally permissible, provided that the amounts are returned to tax funds before the expiration of the legal five-year deadline." It is noteworthy that the Council of Ministers had previously authorized, by an official decision, the Minister of Finance to withdraw tax deposits that had been deposited less than five years ago, to finance and pay salaries for April & the following months. 22 Luigi's two cents worth... Rumors & lies from the fake media are the reasons why the run on the banks as depositors withdraw funds out of fear the banks are in trouble of collapsing. Once again, Maliki's control of the fake media are spreading division & lies within the Iraqi People. Just because these articles are from Iraqi sources does not mean they are always true. Iraq has it's fake media just as we have ours. REMEMBER: this is an election year in Iraq & Maliki will do anything to destroy the Sudani economy, even through attacks & vicious lies. IMHO.

Here's an article of Dinarian intertests... Banks are now Accepting IQD. Treat as a rumor. Not verified. Your opine. Ariel: Banks Are Now Accepting IQD. ARTICLE: Ariel, will you share this so I can help more people before we do our IQD exchanges? I have provided this service for the last 3 years to help over a thousand followers of Seeds of Wisdom until I left the organization as a moderator. I found out about their ethics & wanted no part of them but still love helping heart-centered people. — Neo: December 16, 2024. More... My bank said the same thing – at whatever Forex has the rate at. So, there’s that— Bundlicious December 17, 2024. From Kathi.

Here's an article of Dinarian interests... NOTE: This article was posted earlier but is worthy of a re-post. Treat as a rumor. Not verified. Your opine. NOTE: This article was posted earlier but is worthy of a re-post. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Iraqi Banks Are Rock Solid & Secured While US & EU Banks Are Collapsing. ARTICLE: Five Iraqi banks managed to exceed the trillion Dinars barrier with the size of their deposits in 2023, while only two Iraqi banks were able to break the barrier of 2 trillion Iraqi Dinars by the size of customer deposits with the two banks. “The International Development Bank & the National Bank of Iraq were able to break the barrier of 2 trillion Dinars with the size of deposits in 2023,” said the economist, Manar Al-Obeidi. As for the five banks, they are the International Development Bank, the National Bank of Iraq, the Bank of Baghdad, the Iraqi Islamic Bank, the South Islamic Bank, according to the economist. He added, “The deposits of the five banks grew by 11.3% compared to 2022 & the total deposits of the banks reach 9.25 trillion Iraqi Dinars.” He pointed out that “the South Islamic Bank achieved the highest rate of growth in deposits by more than 147%, then the National Bank of Iraq, whose deposit value grew by 90%.” Al-Obaidi stressed that “this growth reflects a rise in public confidence in Iraqi private banks & the ability of private banks to acquire part of the cash bloc exported outside the banking system, as it is noted that the volume of deposits for the five banks in 2019 did not exceed the barrier of 1.8 trillion Iraqi Dinars to reach more than 9.25 trillion Dinars today.”

here an article from Dinarland... Iraq banks receives excellence in credit ratings. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: ARTICLE: The National Bank of Iraq gets an advanced rating in Moody’s at B3 and Caa1 Moody’s credit rating agency announced the long- and short-term deposits rating of the National Bank of Iraq affiliated to the Capital Bank Group in local currency for the first time at B3 & the long & short-term deposits rating in foreign currency at Caa1, driven by the decision to raise the modified basic credit assessment of the bank (Baseline Credit Assessment) to caa2 from B3. The agency also raised the long & short-term counterparty risk ratings to B3, with a stable outlook for all ratings on long-term deposits. And taking into account the classification of long-term deposits in the local currency of the National Bank of Iraq, the basic credit rating is at Caa2 & two degrees of rise, which reflects the possibility of obtaining a high level of support from the parent company (Capital Bank of Jordan), which was rated B1 with a stable outlook and low support. From the Iraqi government, according to Moody’s expectations. Commenting on this rating, Daoud Al-Ghoul, CEO of Capital Bank Group, said: “This global rating reflects the strong financial position of the National Bank of Iraq & will support its directions for growth & prosperity by opening new horizons for cooperation with regional & international financial institutions.”

Luigi says we have conflicting reports. China owns the world...calls all the shots...in charge of RV. Four of China's largest banks on verge of collapse. BOC infuses $100s of Billions to avoid runs on the banks. It looks like China is out of bargaining chips. 11-1-2019 Intel Guru MarkZ [via PDK] November - the month I never thought we would hit…We are hearing the Chinese took over last night around midnight and they already have a solid plan to get things rolling over the next 24 hours or so. And could be as early as just hours away. The US loses 2% but it will not affect anything on our side of the exchange or the rates. We are all watching today daggone closely... Domino #2: Chinese Bank With $105 BN In Assets On Verge Of Collapse. Beijing has had its hands full with avoiding a bank run in the aftermath of Baoshang Bank's failure, scrambling to inject massive amounts of liquidity last week in the form of a 250 billion yuan net open market operation to thaw the interbank market which was on the verge of freezing, and sent overnight funding rates spiking and bond yields and NCD rates higher. Trump blamed over US-China Trade War.

this latest just in... Could Iraq be in final testing the banking system for the big one? 7-18-2018 Newshound Guru MilitiaMan Article: "Central: Sirens fired at the pool of banks of training practices will last for two days" Quote: "The Central Bank of Iraq, on Wednesday, that the warning sirens launched at the banks complex...training practices will continue for two days" ..."The warning sirens launched at the banks complex...is one of the training practices carried out by the Department of Civil" This is telling us imo, that they are as of today and tomorrow testing the system for the big day.. Jurassic park styled, test the fencing..Imo.

Luigi says... All these articles should be of Dinarian interests. Not varified. Your opine. 2017/11/18 8:04 rumors from around the web... Rafidain Bank announced the opening of its new branch in the Jordanian capital Amman to provide banking services to Iraqi citizens residing in that country. “The new Rafidain branch was opened in Sweifieh in the Jordanian capital of Amman in a move that the bank has taken towards leadership, progress and financial coverage,” the bank’s information office said in a statement received by the agency. He pointed out that “the branch provides financial services and facilities for citizens from the payment of salaries and the opening of current accounts and savings and bank deposits.” 18 Nov 2017 The United Nations has advertised new positions in Iraq: Finance and Administration (F&A) Manager, International Business & Technical Consultants, Inc. (IBTCI) Movement Control Assistant, United Nations Assistance Mission for Iraq (UNAMI) 11-18-2017 Newshound/Intel Guru xxxx Article: "(IBAN) IN BANKING TRANSACTIONS" Quote: "IBAN is a mandatory requirement to send and receive money domestically and internationally safely, accurately and quickly in accordance with international banking regulations" A few weeks ago they implemented SWIFT and it is mandated by the end of 2017 for all banks in Iraq. So now we see IBAN also in use as it is also a worldwide banking standard. Both of these banking requirements are mandatory if you are going to do international banking. Does anyone remember way back to 2012? The minister of Finance then told us then that IBAN was coming that year, but due to corruption they delayed the banking reforms until later. Now we see it.

Luigi asks... Will our IQD simplyvvanish after we convert to USD at the banks? What do you have planned should the banks steal our money? Not varified. Your opine. 11/9/2015...​Sovereign Man Notes From The Field By Simon Black November 9, 2015 Santiago, Chile Astonishing Report From The Fed Says US Banks Are Not “Sound” ​Late last week, a consortium of financial regulators in the United States, including the Federal Reserve and the FDIC, issued an astonishing condemnation of the US banking system. Most notably, they highlighted “continuing gaps between industry practices and the expectations for safe and sound banking.” This is part of an annual report they publish called the Shared National Credit (SNC) Review. And in this year’s report, they identified a huge jump in risky loans due to overexposure to weakening oil and gas industries. Make no mistake; this is not chump change. The total exceeds $3.9 trillion worth of risky loans that US banks made with your money. Given that even the Fed is concerned about this, alarm bells should be ringing. Bear in mind that, in banking, there are three primary types of risk, at least from the consumer’s perspective. The first is fraud risk. This ultimately comes down to whether you can trust your bank. Are they stealing from you? MF Global was once among the largest brokers in the United States. But in 2011 it was found that the firm had stolen funds from customer accounts to cover its own trading losses, before ultimately declaring bankruptcy. It’s unfortunate to even have to point this out, but risk of fraud in the Western banking system is clearly not zero. The second key risk is solvency. In other words, does your bank have a positive net worth? Like any business or individual, banks have assets and liabilities. For banks, their liabilities are customers’ deposits, which the bank is required to repay to customers. Meanwhile, a bank’s assets are the investments they make with our savings. If these investments go bad, it reduces or even eliminates the bank’s ability to pay us back. This is precisely what happened in 2008; hundreds of banks became insolvent in the financial crisis as a result of the idiotic bets they’d made with our money. The third major risk is liquidity risk. In other words, does your bank have sufficient funds on hand when you want to make a withdrawal or transfer? Most banks only hold a very small portion of their portfolios in cash or cash equivalents. I’m not just talking about physical cash, I’m talking about high-quality liquid assets and securities that banks can sell in a heartbeat in order to raise cash and meet their customer needs to transfer and withdraw funds. For most banks in the West, their amount of cash equivalents as a percentage of customer deposits is extremely low, often in the neighborhood of 1-3%. This means that if even a small number of customers suddenly wanted their money back, and especially if they wanted physical cash, banks would completely seize up. Each of these three risks exists in the banking system today and they are in no way trivial. Very few people ever give thought to the soundness of their bank, ignoring the blaring warning signs that are right there in front of them. Every quarter the banks themselves send us detailed financial statements reporting both their low levels of liquidity and the accounting tricks they use to disguise their losses. Now we have a report from Fed and the FDIC, showing their own concern for the industry and foreshadowing the solvency risk I discussed above. Every rational person ought to have a plan B to hedge these risks. And I would propose three methods: 1) Transfer a portion of your funds to a much safer, stronger banking jurisdiction, preferably one with zero net debt. 2) Hold physical cash. Physical cash serves as a great short-term hedge against all three risks, with the added benefit that there’s no exchange rate risk. All you have to do is go to your nearest ATM machine, take out a small amount at a time and build up a small pool of cash savings. 3) Hold gold and silver. While physical cash is a great short-term hedge against risk in the banking system, gold and silver are excellent hedges against long-term risks in the monetary system and global financial system as a whole. There may be a time where we are faced with the consequences not only of a poor banking system, but also of decades of wanton debt and monetary expansion. At that point, the only thing that will make any sense at all is direct ownership of real assets. Until tomorrow,

27 Aug 2015...Intel Newshound Energysparkles... WENT TO WELLS FARGO TODAY FOR BUSINESS I HAD TO TAKE CARE OF AND TALKED TO THE BANKER AND ASKED IF THIS BRANCH CAN EXCHANGE FOREIGN CURRENCY. SHE SAID YES BUT NOT ON CHANGE ONLY BILLS. I ASKED WHO WOULD I SEE ABOUT THAT. SHE THEN STATED THAT THE PERSON OVER THAT IS IN A TRAINING CLASS TODAY AND WILL BE BACK IN THURSDAY. I SAID REALLY WHY WOULD SOMEONE IN CHARGE OF THAT HAVE TO BE TRAINED AND SHE SAID BECAUSE THERE WAS SOME NEW CHANGES HAPPENING AND SHE WILL BE COMING BACK AND TEACHING EVERYONE ELSE IN THE BRANCH. THEN I ASKED WHY WOULD EVERYONE NEED TO KNOW HOW TO EXCHANGE FOREIGN CURRENCY. SHE UNDERSTOOD THAT THERE MY BE A LOT OF PEOPLE COMING IN WITH DIFFERENT CURRENCIES SOON IS ALL SHE KNEW….LOLOL DO WE KNOW WHY……LOL LOL. I WAS JUST SO HAPPY TO HEAR SOMETHING GREAT FROM WELLS FARGO TODAY I HAD TO SHARE.