Mnt Goat
...post RV Iraq will...be on the hook to sell oil to the US at a fixed, low price for the next 30 years (oil credits from our exchanges).
This is in part how Iraq is going to pay for the exchange of currency on revaluation...
Wednesday, November 27, 2024
Parliamentary oil: Amending a budget paragraph enhances oil exports and understanding with Kurdistan, 28 NOV
Parliamentary oil: Amending a budget paragraph enhances oil exports and understanding with Kurdistan
The Parliamentary Oil and Gas Committee confirmed on Wednesday that the amendment of the paragraph that paid the cost of extracting the oil of the Kurdistan Region and delivering it to “SUMO” opens the way to expand exports and improve coordination between the region and the center.
A member of the Parliamentary Oil and Gas Committee, Kazem Al-Tuki, told {Al-Furat News} that “Iraq is committed to the OPEC system in determining the quantities of oil production, pointing out that production is sometimes lower than the specified ceiling.”
He added: “The recent agreement with the Kurdistan Region included an amendment of a paragraph in the budget related to the payment of the financial cost of extracting oil and delivering it to SUMO, which opens the way for expanding exports or directing the region’s oil to refineries.”
He stressed the importance of this understanding between the region, the Center and the Ministry of Oil to achieve better coordination in the management of oil resources.
From.. Ragheed
MARKZ: EXPLAINING THE 800# & GUESTIMATE OF RATES, 28 NOV
EXCERPTS FROM MARKZ
Member: Could you please explain the 800 #s for the new people?
Member: Redeeming banks/redemption centers will send a notification to the dinar sites and some gurus to publish …Call the 800 number posted…..give them your zip code and they set up an exchange appointment for you in your area……Thats what I was told.
Member: Do you have a guesstimate of rates for us newbies?
MZ: On the dong we have seen anything from .39 cents to $3.90 recently….i am hearing now that it could be closer to the $3.50-$3.90 range. I am hearing low $4’s on the dinar but they have seen $6-$8…and some of my sources think the law rate is off. Indonesia we are still hearing $1.47.I do not have any idea what the Pengo or bolivar will be. Still hearing on the Zim between $30 million to $50 million per 100T note
Goldman Sachs: OPEC+ cuts may support oil in the near term, 28 NOV
Goldman Sachs: OPEC+ cuts may support oil in the near term
Economy News _ Follow-up
Crude oil production declined in Iraq, Kazakhstan and Russia in compliance with OPEC+ production cuts, supporting some rise in Brent prices in the near term, according to a recent Goldman Sachs note.
The investment bank added in its memorandum issued on Tuesday that Saudi Arabia is likely to extend oil production cuts due to the recent decline in prices, and that it now believes that oil production cuts will continue until April 2025 instead of January.
Goldman Sachs kept his forecast for the average price of 2025 Brent crude at $76 per barrel.
The group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is discussing another delay in increasing oil production, which was due to begin in January, two OPEC+ sources told Reuters.
At the group’s latest meeting, held on November 3, OPEC+ agreed to postpone the production increase scheduled for December for a month.
“Any increase in OPEC+ production will be gradual and will depend on data,” the bank said.
Goldman Sachs added that the high level of commitment to OPEC+ production cuts indicates that member countries in the group are working together to stabilize oil prices.
Production from Iraq, Kazakhstan and Russia fell 0.5 million barrels per day in November, he said.
Executives at global commodity trading giants Vitol, Travigura and Gonfor said at the Energy Intelligence Forum in London that OPEC member countries were unlikely to back down from voluntary production cuts in the near term.
But despite OPEC+ production cuts and delayed production increases, Brent crude futures mostly remained in the range of $70 to $80 this year, trading at below $74 on Tuesday.
Goldman Sachs last week revised its forecast for Brent prices to $80 a barrel on average this year, despite supply deficits and geopolitical uncertainty during 2024, citing an expected surplus in 2025.
Views 88
Added 2024/11/27 – 10:17
EXCERPTS FROM MARKZ, 28 NOV
EXCERPTS FROM MARKZ
Member: Notifications or 800#’s today???
MZ: I’m not expecting them today….but very soon. None of my sources say it’s happening today….but some folks think the next 3 days are highly possible.
Member: Bruce said something about it going today
MZ: We do have some key people that are no longer in place until Friday. A number of folks on the bond side from the US that had been in Zurich, Hong Kong or Asia are home for the holidays. They should fly back to their places on Friday so I am not expecting a plethora of news before Friday. If need be- a number of people in the Reno area are close and can get back quickly.
Iraq ranks fourth in the Arab world among the world’s largest economies for 2025, 27 NOV
Iraq ranks fourth in the Arab world among the world’s largest economies for 2025
Iraq ranked 51st globally and fourth in the Arab world in the list of the world’s largest economies for 2025, according to a report issued by the American magazine “CEOWORLD”.
The report indicated that the United States will lead the world economies in 2025 with a total domestic product of $30.33 trillion, followed by China with $19.53 trillion, then Germany with $4.92 trillion, Japan with $4.39 trillion, and India with $4.27 trillion.
The report explained that these five countries will lead the global economy thanks to their great influence on international trade and wealth, while the list of the top ten includes other countries such as the United Kingdom, France, Italy, Canada and Brazil, reflecting a balance between developed and emerging economies.
Iraq is in fourth place in the Arab world
At the Arab level, Iraq came fourth with a gross domestic product of $ 270.87 billion, after:
1. Saudi Arabia
2. Emirates
3. Egypt
It was followed by Algeria, Qatar, Morocco, and Kuwait.
Countries at the bottom of the global list
At the end of the ranking, Tuvalu came in last place (196) with a gross domestic product of $79 million, ahead of Nauru with $179 million.
The report reflects an optimistic view of the Iraqi economy in the near future, while noting its great potential to play a pivotal role in the region.
https://www.nrttv.com/ar/detail3/37263
Coffee with MarkZ. 11/27/2024
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: Gooood morning Mark, mods and fellow Patriots!
Member: Happy Thanksgiving eve!!! 4 day weekend. Nice for a RV?
Member: Notifications or 800#’s today???
MZ: I’m not expecting them today….but very soon. None of my sources say it’s happening today….but some folks think the next 3 days are highly possible.
Member: Bruce said something about it going today
MZ: We do have some key people that are no longer in place until Friday. A number of folks on the bond side from the US that had been in Zurich, Hong Kong or Asia are home for the holidays. They should fly back to their places on Friday so I am not expecting a plethora of news before Friday. If need be- a number of people in the Reno area are close and can get back quickly.
Member: Could you please explain the 800 #s for the new people?
Member: Redeeming banks/redemption centers will send a notification to the dinar sites and some gurus to publish …Call the 800 number posted…..give them your zip code and they set up an exchange appointment for you in your area……Thats what I was told.
Member: Do you have a guesstimate of rates for us newbies?
MZ: On the dong we have seen anything from .39 cents to $3.90 recently….i am hearing now that it could be closer to the $3.50-$3.90 range. I am hearing low $4’s on the dinar but they have seen $6-$8…and some of my sources think the law rate is off. Indonesia we are still hearing $1.47.I do not have any idea what the Pengo or bolivar will be. Still hearing on the Zim between $30 million to $50 million per 100T note
Member: The talk about these supposed rates doesn't mean a Damn thing if they continue to not flip the switch
Member: Got a lot of intel in my inbox forwarded to me last night wow!!! I think Things are getting very exciting!!!!
Member: Sudani’s out of his country so no RV until he returns. IMO
MZ: “ The upcoming session will witness a vote on all controversial laws” one f the most controversial laws is the HCL and the profit sharing agreement . It is a key peace for a revaluation.
MZ: “ For the first time since 2003. Non-Oil revenues achieve significant growth in 2024” This gives Iraq stability and helps allow them to raise the value of their currency.
Member: Amazon warehouse workers are going on strike this Black Friday-possibly
Member: Mark...think it would be epic for EAS and disclosure during Thanksgiving dinner to vindicate all the tin foil hat peeps
MZ: There are a lot of people staying home this Thanksgiving. One rumor I did hear on fines and penalties…that there was a good chance they could go this weekend because of the number of people that will be home and in place. It makes sense.
Member: Why is there so much miss information out there? Why can’t people tell the truth?
MZ: A lot of the misinformation is purposeful….so people don’t know the timing
Member: Safe travels to those heading out this Thanksgiving and remember we all have something to be thankful for.
Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together...Remember Unconditional Love & Peace
Member: Hope everyone has a great day today!
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
BP delegation to finalize Kirkuk oil field deal to boost production, 27 NOV
BP delegation to finalize Kirkuk oil field deal to boost production
Shafaq News/ A delegation from British Petroleum (BP) has arrived in Kirkuk to hold intensive discussions with the North Oil Company, aiming to finalize an agreement to develop the region’s oil fields, according to a senior company source.
This follows the memorandum of understanding signed on August 1 under the supervision of Prime Minister Mohammed Shia Al-Sudani. The agreement, involving Iraq’s Ministry of Oil and BP, focuses on rehabilitating and expanding production in key Kirkuk oil fields, including the Baba and Avanah domes and three adjacent fields – Bai Hassan, Jambur, and Khabbaz – that are operated by the Government of Iraq’s North Oil Company (NOC), with the possibility of adding more fields in the future.
The source revealed that “BP presented its initial plan during meetings with North Oil Company officials, outlining surveys and preparations for oil wells. A meeting with Kirkuk Governor Rebwar Taha is also scheduled to discuss the progress.”
Additionally, the North Oil Company has already initiated a work plan to boost production, focusing on connecting wells in Bai Hassan, upgrading the pipeline network in the Avanah field, repairing damaged pipelines at Shoraw station, and implementing a drilling and reclamation plan.
Economic expert Abbas Al-Ali explained that the partnership aims to increase oil production in Kirkuk’s fields, which currently produce approximately 325,000 barrels per day (bpd). The target is to more than double output to 650,000 bpd.
“The agreement also includes a three-dimensional seismic study of the reservoirs to maximize extraction efficiency,” Al-Ali said.
Estimates indicate that the Kirkuk field contains around nine billion barrels of recoverable oil, underscoring its strategic importance for Iraq’s energy sector.
shafaq.com
MILITIAMAN CC HIGHLIGHTS CC NOTES, 27 NOV
MILITIAMAN CC HIGHLIGHTS CC NOTES
Summary
Updates on Iraq’s federal court decisions regarding salaries, budget discussions, and Central Bank initiatives highlight economic reforms and oil export challenges.
Highlights
- ⚖️ Federal Court decisions impact salaries of Kurdistan region employees.
- 💰 2023-2025 budget discussions are underway, focusing on investment and operational spending.
- 🛢️ Oil exports from Kurdistan await parliamentary approval, with significant financial implications.
- 🏦 Central Bank workshops on financial risk management signal preparations for economic reforms.
- 📈 The introduction of the RL USD stablecoin aims to enhance international transactions and economic stability.
- 🔄 Ongoing discussions on merging state and private banks to improve financial viability.
- 🌍 Iraq’s digital transformation reflects its ambition to integrate into the global economy.
Key Insights
- ⚖️ Impact of Federal Court on Salaries: The Federal Court’s rulings are crucial for ensuring timely salary disbursements to Kurdistan region employees, reflecting a broader commitment to uphold workers’ rights.
- 💰 Budgeting for Growth: The urgency in finalizing the 2025 budget amidst discussions on 2023-2024 highlights the need for strategic fiscal planning to support long-term economic growth.
- 🛢️ Oil Export Dynamics: The delay in Kurdish oil exports not only affects regional revenues but also poses risks to Iraq’s overall financial health, emphasizing the need for legislative action.
- 🏦 Central Bank’s Role in Risk Management: The Central Bank’s focus on risk management indicates a proactive approach to safeguard against financial instability and enhance banking sector resilience.
- 📈 Emergence of RL USD: The introduction of the RL USD stablecoin signifies Iraq’s shift towards digital finance, potentially providing stability and efficiency in international transactions.
- 🔄 Banking Sector Restructuring: The merging of state and private banks aims to create a more robust financial system, crucial for attracting investments and fostering economic diversification.
- 🌍 Global Integration Efforts: Iraq’s ongoing digital transformation and focus on international cooperation underscore its intent to become a competitive player in the global economy, which is vital for sustainable development.
Economist: Non-Oil Revenues To Achieve Significant Growth In 2024, 27 NOV
Economist: Non-Oil Revenues To Achieve Significant Growth In 2024
Wednesday 27 November 2024 | Economic Number of readings: 141 Baghdad / NINA / Economic expert Manar Al-Obaidi, a member of the Political Economic Center, announced that the non-oil revenues of the Iraqi state grew during the first nine months of 2024 by 198% to reach the 12.3% barrier of its contribution to the total revenues of the Iraqi state.
Al-Obaidi said in a statement that the total non-oil revenues of the Iraqi state during this period amounted to 14 trillion Iraqi dinars, up from the same period in 2023, which was about 4.7 trillion dinars.
Despite the decrease in the value of revenues resulting from taxes on income and wealth by 17%, the increase in commodity taxes by 275% and the increase in the budget's share of public sector profits by 243% contributed to this significant increase.
He explained that for the first time since 2003, non-oil revenues constituted 12% of total revenues and the contribution of oil revenues decreased to reach 88% of total revenues.
He added that the total revenues until September 2024 amounted to 114 trillion Iraqi dinars, an increase of 19% compared to the same period in 2023, which amounted to 95.85 trillion Iraqi dinars.
The improvement in non-oil revenues is due to the reforms made in the tax and customs file, in addition to encouraging profitable public companies to increase their contribution to government revenues. It is expected that non-oil revenues in 2024 will reach the barrier of 18 trillion Iraqi dinars. Despite the increase in this number,
it is still far from the planned number in the budget, which amounts to about 28 trillion Iraqi dinars. However, this improvement in these revenues reflects the success of the reforms made in the field of collection and work to increase payment through electronic outlets. / End 9 https://ninanews.com/Website/News/Details?key=1171400
SANDY INGRAM CC HIGHLIGHTS NOTES, 27 NOV
SANDY INGRAM CC HIGHLIGHTS NOTES
Summary
Investors can utilize Iraqi dinars to invest in the Iraqi stock market (ISX), which is currently growing, while navigating political tensions and market liquidity issues.
Highlights
- 📈 Investors can use Iraqi dinars to trade on the ISX.
- 💼 Minimum investment for ISX brokers starts at around $73,000.
- 🔄 Liquidity issues can hinder quick buying or selling of shares.
- 🕒 Trading hours on ISX are from 10 a.m. to 12 p.m. Baghdad time.
- 🌍 Foreigners can invest in various sectors listed on the ISX.
- ⚠️ Political volatility poses risks for investments in Iraq.
- 📞 Recent calls between Iraq and global leaders highlight regional tensions.
Key Insights
💸 Investment Opportunities: The ISX presents a unique opportunity for investors using Iraqi dinars, especially in a growth phase. However, high minimum investment thresholds may restrict individual participation.
📊 Market Liquidity: The limited trading volume on the ISX can make it difficult to execute large trades swiftly, necessitating careful planning for investors.
🌐 Foreign Investment: Foreign investors can engage with the ISX, diversifying their portfolios in Middle Eastern markets, but must understand local regulations.
⚠️ Political Risks: The ongoing geopolitical tensions, especially involving Israel and Iran, can significantly impact market stability, creating a risky environment for investments.
🗓️ Trading Sessions: ISX operates on specific hours, making it crucial for investors to be aware of the trading schedule to optimize their transactions.
📊 Corporate Transparency: Investors should be cautious as Iraqi companies may not provide the same level of transparency in their operations and financial disclosures as those in more developed markets.
📞 Global Relations: Recent dialogues with international leaders, notably regarding energy and security, indicate Iraq’s strategic positioning, which could influence investor confidence and market movements.
What Is Iraq's Connection? Goldman Sachs: OPEC+ Cuts May Support Oil In The Short Term, 27 NOV
What Is Iraq's Connection? Goldman Sachs: OPEC+ Cuts May Support Oil In The Short Term
Energy Economy News - Follow-up [rtl]Crude oil production in Iraq, Kazakhstan and Russia has fallen in compliance with OPEC+ production cuts, supporting some upside for Brent prices in the near term, according to a recent note from Goldman Sachs.
The investment bank added in its note issued yesterday, Tuesday, that Saudi Arabia is likely to extend oil production cuts due to the recent decline in prices, and that it now believes that oil production cuts will continue until April 2025 instead of January.
Goldman Sachs maintained its forecast for the average price of Brent crude for 2025 at $76 per barrel.
Two OPEC+ sources told Reuters that the group, which includes members of the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, is discussing another delay to the oil production increase that was scheduled to start in January.
At the group's most recent meeting on November 3, OPEC+ agreed to postpone a production increase scheduled for December for a month.
he bank said that "any increase in OPEC+ production will be gradual and data-dependent."
Goldman Sachs added that the high level of compliance with OPEC+ production cuts indicates that the group's member states are working together to stabilize oil prices.
He said that the production of Iraq, Kazakhstan and Russia decreased by 0.5 million barrels per day in November.
OPEC members are unlikely to backtrack on voluntary production cuts in the near term, executives from global commodity trading giants Vitol, Trafigura and Gunvor told the Energy Intelligence Forum in London.
But despite OPEC+ production cuts and delays to boost output, Brent crude futures have mostly remained in a $70-$80 range this year, trading below $74 on Tuesday.
]Goldman Sachs last week revised its forecast for Brent prices to an average of $80 per barrel this year, despite a supply deficit and geopolitical uncertainty in 2024, pointing to an expected surplus in 2025. https://economy-news.net/content.php?id=50280
Awake-in-3D: Unlocking Wealth Through our GCR Currency Revaluation Explained, 27 NOV
Awake-in-3D: Unlocking Wealth Through our GCR Currency Revaluation Explained
Unlocking Wealth Through Our GCR Currency Revaluation Explained
Awake-In-3D
November 25, 2024
A closer look at the mechanisms behind GCR currency revaluation and its life-changing potential for currency holders worldwide.
Introduction: A Key Pillar of the Global Currency Reset
Understanding the intricacies of GCR currency revaluation is key to grasping its potential to reshape the global economy. This pivotal process not only redefines the value of currencies but also presents extraordinary opportunities for those holding undervalued assets. In this article, we’ll break down the mechanisms driving GCR currency revaluation and explore how this transformative shift can unlock wealth for individuals while fostering economic growth worldwide.
What is GCR Currency Revaluation?
Currency revaluation occurs when a nation increases the official value of its currency relative to others. This occurs for various reasons, including:
- Economic Stabilization: To correct undervaluation caused by inflation, trade imbalances, or external debt.
- Resource Discovery: To reflect newfound wealth from natural resources or economic growth.
- Policy Shifts: To align with new financial strategies, such as transitioning to an asset-backed currency.
Historically, currency revaluations have significantly shaped economies. For example:
- The Deutsche Mark: After World War II, the revaluation of the Deutsche Mark stabilized the German economy and facilitated its rapid recovery.
- The Kuwaiti Dinar: Following the Iraqi invasion of Kuwait in 1990, the Kuwaiti Dinar was devalued. After liberation, Kuwait restored the dinar to its previous value, reaffirming its strength as one of the world’s most stable currencies.
These examples demonstrate how GCR currency revaluation can serve as a powerful tool for economic recovery and stability.
The Role of Gold and Digital Currencies in GCR Currency Revaluation
A major distinction in today’s GCR currency revaluation discussions is the role of gold and digital currencies as the backbone of the process. Unlike traditional fiat currencies, which derive their value from government trust and policies, these new currencies are grounded in tangible assets and innovative technology.
Gold-Backed Currencies
Many emerging market currencies participating in the GCR are preparing to peg their currencies to gold, providing intrinsic value and stability. By backing currencies with physical gold reserves, nations:
- Restore trust in their monetary systems.
- Prevent inflation and currency m**********n.
- Attract foreign investment through stability and transparency.
For example, countries with rich natural resources, like Iraq and Vietnam, benefit significantly as their gold-backed currencies gain international credibility.
Digital Currencies and Blockchain
Digital currencies, particularly those based on blockchain distributed ledger technology, complement the GCR currency revaluation process. They offer:
- Transparency: Blockchain’s immutable ledger ensures that every transaction is traceable and verifiable.
- Efficiency: Cross-border payments are faster and cheaper, bypassing traditional banking systems.
- Accessibility: Digital wallets allow individuals to participate in the global economy without reliance on centralized financial institutions.
By integrating gold reserves with blockchain-based systems, the RV achieves both intrinsic value and technological integrity.
How GCR Currency Revaluation Benefits Currency Holders
For individuals holding emerging market currencies, GCR currency revaluation offers a significant financial opportunity. These currencies, long undervalued due to economic instability or lack of global recognition, gain new worth under the GCR. Holders of these currencies exchange them for traditional fiat currencies, such as the U.S. dollar or euro, at significantly higher rates, resulting in substantial financial gains.
For example:
- An individual holding a devalued currency like the Iraqi Dinar exchanges it at a new gold-backed rate, realizing significant returns.
- The RV ensures that the intrinsic wealth of resource-rich nations is reflected in their exchange rates, benefiting both citizens and investors.
The Role of Trading Platforms in GCR Currency Revaluation
The revaluation process is facilitated by secure, transparent trading platforms designed to handle high-volume currency exchanges. These platforms:
- Enable seamless conversion of revalued currencies into fiat or digital assets.
- Ensure fair market access for all participants, including individuals, businesses, and governments.
- Provide real-time updates on exchange rates, ensuring accuracy and transparency.
Such platforms are critical for maintaining trust and efficiency as currencies re-enter the global financial system at their new values.
Economic Development and Humanitarian Projects Post-RV
One of the most compelling aspects of GCR currency revaluation is its potential to unlock funding for economic development and humanitarian initiatives. The infusion of wealth enables nations to:
- Invest in infrastructure, education, and healthcare.
- Reduce poverty and unemployment by leveraging newfound financial resources.
- Promote sustainable development through green energy projects and technological innovation.
Additionally, many private groups and organizations involved in the GCR allocate a portion of RV proceeds to economic development and humanitarian projects. These efforts aim to uplift underserved communities, ensuring that the benefits of GCR currency revaluation extend beyond governments and investors to everyday citizens.
The Shift from Fiat to Gold-Backed Systems
The transition from fiat currencies, like the U.S. dollar, to gold-backed systems underpins the entire GCR currency revaluation process. Fiat currencies, which rely on trust and policy rather than tangible assets, face growing skepticism due to inflation, debt crises, and currency m**********n.
Gold-backed currencies offer a more stable alternative, grounded in physical reserves. This shift:
- Reduces reliance on any single reserve currency, creating a more balanced global financial system.
- Mitigates inflation by tying currency values to finite resources.
- Strengthens trade relationships by fostering trust in international transactions.
The Bottom Line: GCR Currency Revaluation as a Catalyst for Change
GCR currency revaluation is more than an economic adjustment—it’s a catalyst for global transformation. By aligning currency values with tangible assets and leveraging cutting-edge technology, it ensures a stable and inclusive financial future.
Beyond individual benefits, GCR currency revaluation paves the way for broader economic development and humanitarian initiatives, ensuring that the GCR’s impact is felt worldwide. As nations transition from fiat systems to gold-backed currencies, the promise of the RV becomes not just a financial event but a global milestone in achieving economic equity and sustainability.
Stay tuned for our next article in the series: “The Economics of a Currency Reset: Theory vs. Practice.”
Parliamentary Finance: Amending The Budget Law Will Allow For Changing Useless Paragraphs And Item, 27 nov
Parliamentary Finance: Amending The Budget Law Will Allow For Changing Useless Paragraphs And Item
Information / Baghdad.. The Parliamentary Finance Committee confirmed, on Wednesday, that any change to the paragraphs of the federal budget will allow for the change of paragraphs and items that have been proven to be ineffective.
Committee member MP Hussein Mounes said in a statement to Al-Maalouma Agency, "Submitting the first reading of the draft law amending the federal budget that was approved for three years (23, 24 and 25) will allow for changing paragraphs and items that have proven to be ineffective."
He added, "The amendment needs a deeper study because that will push us to change the schedules, and thus we will be faced with an increase in the deficit on the one hand and a decrease on the other."
It is noteworthy that the agenda of the House of Representatives included a paragraph discussing the first reading of the draft first amendment to the federal budget for fiscal years 23, 24 and 25, submitted by the Parliamentary Finance Committee. LINK
Tuesday Evening Chat With MarkZ, 27 NOV
Tuesday Evening Chat With MarkZ
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: Good evening future wealthy friends
Member: Hello Mark MODS and Everyone
Member: Hoping for a fun update tonight…
MZ: In Iraq– “After the census: Does the Kurdistan region have the right to demand an increase in the share of the Iraqi budget: Analysts answer” This is part of the HCL agreements
Member: The HCL IS all the talk right now.
MZ: “Parliamentary finance calls on the government to expedite sending budget tables” Its all about HCL.
MZ: Bank Story: (Reading from a member) So I have a connection within a bank and he did a little searching around and said “So that revalue? I’ve been checking some stuff at work…and yeah…many US banks are prepping for the RV in the next 90 days . Chase, Wells , Amex are all preparing things apparently”
MZ: This does not mean it could not happen sooner…..just sometime in the next 90 days.
MZ: I did have one bond contact check in and he said he couldn’t give details but he expects to be fully paid within the next 4 days. He was very specific with “4 days” from this afternoon.
Member: Woohoo! That would be great for Thanksgiving weekend!!!!!
MZ: And I had some Iraqi contacts say it was supposed to go last night – but it didn’t. I heard that late last evening and this morning.
Member: I hope they try again tonight!!!!
Member: Nader said it should be an interesting couple of days!
MZ: And I am still hearing that because of trade agreements- The dong and dinar would roughly RV at about the same time
MZ: “Is the United States considering a Gold-Backed Treasury Instrument? “ A great article from Gold Telegraph. They are thinking of selling long term US Government bonds attached to gold. We are seeing all the gold being purchased by Central Banks (Including Iraq).
Member: Shabibi said the rv would be at the start of the year or start of the quarter so I still am counting on Jan 1
Member: Still hoping for sooner than that…..but it is close.
Member: Everyone have a blessed and safe Thanksgiving! Thanks for all you do.
Member: May each of you have a very Happy Thanksgiving! Eat, nap, love and laugh! Most of help with the dishes
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.
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GOLDILOCKS: IRAQ Collecting Circulated DINAR Banknotes (Dinar Rate Included), 2 JAN
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