MarkZ Tuesday Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Tuesday! I think an RV sounds good for today
Member: Happy Iraqi Independence Day
Member: If nothing else happens today I'm still happy for Iraq's Independence
MZ: There is very little Iraqi news today. But no news at this point is a good thing. This means they are controlling the leaks.
Member: Interesting aticle just posted about Sudani talking about Iraqs ascension into the The League of Nations.
Member: I wonder why we don’t see any videos of the Iraqi people celebrating their Independence Day today?
MZ: Probably for the same reasons the people in Iraq don’t see videos of us celebrating the 4th of July.
MZ: For those worried about paying taxes on the exchange…..This is from the US state Dept. Bilateral Investment Agreements and Taxation Treaties… Iraq does not have a Bilateral Investment Treaty (BIT) or a bilateral taxation treaty with the United States. Here is the link and it states “There are no taxes or subsidies on purchases or sales of foreign exchange.“
MZ: https://www.state.gov/report/custom/6fbb1fb8fe-5/
MZ: Foreign Exchange and Remittances Foreign Exchange Policies
The currency of Iraq is the Dinar (IQD). Iraqi authorities confirm that in practice there are no restrictions on current and capital transactions involving currency exchange as long as underlying transactions are supported by valid documentation. The NIL allows investors to repatriate capital brought into Iraq, along with proceeds. Funds can be associated with any form of investment and freely converted into any world currency. The NIL also contains provisions that allow investors to maintain accounts at banks licensed to operate in Iraq and transfer capital inside or outside of the country.
The GOI’s monetary policy since 2003 has focused on ensuring price stability primarily by maintaining a de facto peg between the IQD and the USD while seeking to maintain exchange rate predictability through supplying USD to the Iraqi market. Banks may engage in spot transactions in any currency but are not allowed to engage in forward transactions in Iraqi Dinars for speculative purposes. There are no taxes or subsidies on purchases or sales of foreign exchange.
Member: My brother received a letter from his bank that they will be exchange foreign currencies. His banker even discussed the QFS with him.
MZ: I love it…Its not as big a secret anymore.
Member: I got a curious email yesterday from Wells Fargo. My "personal banker" just reaching out. That's never happened.
Member: The federal government said it will conduct on Wednesday afternoon a nationwide test of its Emergency Alert System and Wireless Emergency Alerts.
Member: According to Phil G, he said the EBS tomorrow is not the one we have been waiting for. It is is look here not there.
Member: stock market down over 300 points right now…….hope we get the crash.
Member: Mark- What is your gut telling you?
MZ: My gut is screaming “Within the week” It will start tingling tomorrow…..imo….and I hope by this weekend we will have it.
Member: Do we know what kind of emails we will get?
MZ: I assume you mean the email when this finally happens. Just sign up at Dinar Recaps….I have had 2 different main stream banks tell me that they plan on sending the information directly to them to send to their mailing list and reach as many folks as possible.
Member: Mark will you still be providing the 800 numbers as well?
MZ: I will share everything I am allowed to share.
Member: Chronicles, Mark, Bruce, TNT, Frank and others will also be posting the info….is what I was told. .
Member: When the RV happens I pray that Gesera, Nesera will be right behind it or part of it.
Member: Mark you have been a angel for us through this for us Thank You!!
StacieZ joins the stream at the end today….please listen to replay for her information
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