Coffee with MarkZ. 10/14/2024

MarkZ  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 Columbus Day 

Member: Hope everyone has a chance to enjoy a day off for Columbus day. Mods thanks for being here.

Member: So the PTB wasted another 3 day weekend and did nothing…..again.  Hope Mark has encouraging news today. 

MZ: On the bond side there is a lot of expectations for this week. There are a number of meetings occurring today that should give us a better idea on timing, rumors and progress. I should hear about these sometime this afternoon.  

MZ: the last update was they are ready and waiting for permission …they have completed all the steps and just waiting for the green light. 

MZ: There was a lot of news this weekend coming out of Iraq. “Prime Minister: Iraq is witnessing unprecedented economic development and a stable political system” He is using very important key words.  Dr. Shabibi  (Former governor of the CBI and architect of the RV) had told us if they gave him a safe and stable Iraq- he would give them a higher revaluation or reinstatement

MZ: Iraq is the most stable country in the region and becoming a leader

MZ: “The Iraqi Trade Bank announces the imminent opening of a cash deposit center in Karkh” . Everyone is bringing in cash in exchange for the convenience of electronic banking. They are modernizing quickly.  

MZ: “Finance disburse allocations for employees of the General Tax Authority” They are paying the first 2 quarters of salaries for 2024….Money is moving suddenly . this includes the Kurdish Region. 

MZ: We are hoping for an HCL and WTO update this week as well. Members of the Finance ministry are hoping for a full timeline update or full acceptance of both this week. 

MZ: From Finance ministry “Non-oil budget imports will reach $30 Trillion dinars next year” This is big. This is the money made by everything not oil and shows more stability in the Iraqi economy. 

MZ: “Iraqi oil stabilizes at $75 a barrel.” Anything over $70 makes it easy for an RV. This is one of the benchmarks we were told to watch for. 

Member: GM ! My local bank now has the new USN counting machine for use When needed! As per the bank manager !

MZ: They are definitely preparing 

Member: Is it possible for Iraq to complete the file for WTO ascension, they had to negotiate trade tariffs with member countries based on a new exchange rate?

Member: I wonder how the October 20, 2024 elections in Kurdistan will impact Iraq's political stability and efforts to address corruption?

Member: I wonder if Iraq has to have the REER before the WTO? (Real Effective Exchange Rate) 

Member: Is the Bolivar one of the currencies that may follow behind the dinar and dong?

Member: We have been told it’s in the first basket…..but no one knows the rate yet.

Member: Wolverine said Whales are testing the QFS payment system ...

MZ: they have been testing for awhile now…..I absolutely agree with that. 

Member: I think the BRICS Summit is going to be huge…just 2 weeks away 

MZ: I am looking forward to the BRICS meetings this month. 

Member; What is your gut feeling Mark?

MZ: My gut feeling is screaming I’m going to finally get to call it quits before Halloween. I am so darn hopeful we are on the short and skinny side of this thing. 

Member: Oct 20th - I heard Marshall Law is enacted & the 10 days of darkness officially begins. Also, the Q clock officially showing an ending on the 30th. We'll see what transpires in the next week or so...

Member: Some platforms are saying to go to the bank for exchange of your foreign currency and some say redemptions center for a better exchange. What are your thoughts?

Member: Redemption centers are affiliated with Redeeming banks….They may be in empty offices or floors of existing banks…..or separate buildings depending on population of that area…..The redemption center staff work for banks…..and have been specially trained to exchange our foreign currency…..

Member: Thanks to everyone….have a great day 

Member: Hope everyone has a blessed day

Fernando from the ATB and StacieZ join the stream today. Please listen to the replay for their information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY