Coffee with MarkZ. 01/15/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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 Monday Morning…….hope you all stay safe and warm today

Member: A new day, a new week and new beginnings! Blessings..

Member: It's a beautiful day in the neighborhood ...for an RV

Member: Today is Martin Luther King day …so no stock market, mail, or banks open……  Many are also stuck at home because of terrible weather …. nice day to release the RV?????

MZ: There is a lot of expectations in the banking world because it’s a 3 day weekend. 

MZ: there is a lot of “pie in the sky” stuff being talked about ……but is it verifiable???? So many rumors of “It’s already Happened” or “It’s happening right now”  So many unverifiable rumors hitting everywhere…..I’m hearing them…you are hearing them.  .

MZ: What is verifiable is they (Iraq) are in a mad dash to get dinar out of circulation to reduce the money supply and support a higher value. We can also verify they are taking strategic, solid steps to increase the value of the dinar opposed to the US dollar.

MZ:  So I am going to focus on those things I can measure and keep trying to verify all those rumors. 

MZ: There are also rumors that bond folks are expecting liquidity overnight tonight. We will see if that happens. 

MZ: Nader posted a good one…”Iraqi dinar circulation has decreased by billions and billions if not trillions” …….This is important. There is an enormous amount they continue to pull out of circulation. 

MZ: Iraq needs the official rate to be close to the trading rate. They can fix this. Saleh and others are suggesting they let the economy figure the rate out and no longer have an official fixed rate . If the market decides that would remove the black market completely. 

Member: I thought they talked about this many times in the past….sounds like old news. 

MZ: This is similar to conversations Kuwait was having just before they RV’d and had a release in value. . These are steps we have seen before in past currency revaluations. They have been doing this for quite some time…..they are just now starting to tell us about it. 

Member: Iraq just found another 100,000 tons of gold to add to their portfolio. That is encouraging

MZ: “ BRICS bank targets $3 billion fundraise in local currencies eschews US dollar”  All these bonds used to be issued in US dollars. Now they are issued in local currencies. 

MZ: Here’s another one “ BRICS” $28Billion bond sale shuns US dollar”  This is a seismic economic shift in the banking world. This is earth shaking. 

Member: Rumor:  Wolvey said that the Dinar is going on Forex today?

Member: Awake-in-3d thinks the Vietnamese dong may go before the dinar?  

Member: I read the same thing - that Dong would go first since they applied to BRICS first? Wonder if that could be true?

Member: Another intel provider said the redemption center staff are on 45 min. notice to show up for work.

MZ: I am definently hearing they are on call for an hour or less to get to work according to 3 different contacts I have. 

Member:  When I asked the WF Senior advisor about foreign currency he said Are you waiting for it to revalue?   he just admitted he knows it’s coming

Member:  Hey Mark! Are you going to post on your website the 800 number when the time comes?

MZ: I’m going to post whatever they will let me. 

Member: Are we for sure going to have to sign an NDA?

MZ: We do not know for certain and there is no guarantee you will have to sign an NDA. Even the banking side does not know for certain we will have an NDA. The assumption is –If we do – it will be about the rate and what you were paid. That is all it is supposed to affect. 

Member: I don’t care if there is an NDA…..I know how to keep my mouth shut. 

Member: Where are the white hats?  Aren’t they supposed to be trying to save the world?

Member: Let's start saying Leprechaun instead of White Hat - they're both supposed to bring us good fortune but where the hell are they? Both are mythical!

Member: They are having lunch with the “Boy who Cried Wolf”  lol

Member: Thanks to everyone for all your encouragement. Have a great day. 

Member:  Wishing all a good day, and do what you can to stay warm.

THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN THE GROUP OPINION ONLY

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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics. 

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My respond to Pimppppy about the dinar Iqd please see this description a...BY NADER FROM MID EAST

Liberating The Dinar From The Official Rate... Obstacles And Solutions, 15 JAN

 Liberating The Dinar From The Official Rate... Obstacles And Solutions

 
With the return of fluctuations in the dinar exchange rates, there is renewed talk about the necessity of getting rid of the “official price” with the aim of reducing the difference with the price in the parallel market, by subjecting the local currency to global supply and demand, similar to other countries,
 
but many obstacles stand in the way of this step, among them
 
“The unilateralism of the Iraqi economy, which relies on oil and government revenues, and the absence of correspondent banks in the dinar currency, according to specialists, also called for taking other possible solutions, such as “deleting the zeros” from the currency, and withdrawing the cash mass from citizens and transferring it to banks.

Mazhar Muhammad Salih, financial advisor to the Prime Minister, says,
 
“The Iraqi dinar’s exchange rate follows a system of fixed exchange rates, and that
 
the process of approving the exchange rate is one of the monetary policy tasks of the Central Bank of Iraq as it is the independent body, especially since Iraq depends primarily on oil sources that provide... Foreign currency, and
 
therefore oil revenues are transferred to the Central Bank of Iraq, and reserves follow the exchange mechanism between the dinar and the dollar, given that the Central Bank is the source of exchange between them.”
 
The dollar exchange rates in the local market witnessed great fluctuation during the past days, as it suddenly decreased to 148 thousand dinars per 100 dollars, and quickly rose again to 150 thousand dinars, and then continued to fluctuate until it reached 154 thousand dinars per 100 dollars, after its price was approaching... About 157 thousand dinars. Saleh adds,
 
 “The balance and stability of the price in flexible exchange systems requires a financial and banking market, in which interest rates play a major role in the inflows and outflows of foreign currency, and
 
this is something that is not available in Iraq, and the mono-economy is dependent on the inflows of foreign currency.” On government oil revenues, and here the forces of supply and demand are inconsistent with the unilateralism of the economy.” He continues,
 
"The economy is sometimes exposed to a large deficit in the current account and the balance of payments, and the general budget is also exposed to a deficit.
 
Here loans are resorted to and governments are forced to reduce the national currency until foreign currency becomes expensive.
 
This is called financing from inflation, and
 
despite the fact that This conflicts with the policy of the Central Bank, but is done in consultation with monetary and fiscal policies.”

He points out that   “the function of the central bank in general is to maintain the exchange rate and its stability for a long period,
 
but this relates to the nature of the current account and the balance of payments, and whether there is a surplus or a long-term or stable deficit, as well as the nature of the budget, is it expansionary or contractionary, so the
 
The issue is not easy, as
 
all we need in the exchange rate is a circle of consultation and communication between monetary and financial policies to maintain its stability.”
 
It is noteworthy that since the beginning of the exchange rate crisis more than two years ago, many options have been put forward to control it, including
 
     printing new denominations of cash, including 100 thousand dinars, or
 
     deleting three zeros
 
to control the rise in the value of numbers in monetary transactions.
 
Since the 1990s, and during the imposition of the economic blockade on it, Iraq has suffered from significant inflation in the currency, which prompted the previous regime to go to print the currency locally, and after the year 2003, the previous currency was destroyed and new denominations were issued, and its exchange rate against the dollar was fixed, by decree.

From the civil governor of Iraq at the time, Paul Bremer, who revealed the shape of the new currency and its exchange rate against the dollar.
 
For his part, economic expert Nasser Al-Kinani explains,
 
“With regard to the fluctuation of the dinar, the central bank was selling the dinar for 1,118 per dollar, and then it changed since the arrival of former Prime Minister Mustafa Al-Kadhimi to power and the appearance of the white paper, as its price rose and became 1,450 dinars, in addition to This caused the Iraqi dinar to rise until it currently reached 1,530 dinars per dollar in the local market, but despite this, solutions can be developed for this problem.” He explains that
 
"the solutions revolve around reprinting the currency again and zeroing it,
 
especially if the printing process is accompanied by the process of retrieving the money stored inside homes to the banks.

Hence, it is possible to stabilize the Iraqi dinar by giving the banks a percentage for each citizen who owns an account or opens an account within the bank, for example, 10 percent, which would be 10 percent." As a deposit for the citizen inside the bank.” He continues,
 
"The above steps will lead to solving the import issue that the government is suffering from now, and
 
it is trying to control it to limit the smuggling process.
 
Stabilizing the currency and revitalizing local industry and agriculture will, in general, lead to solving all economic and currency problems."
 
According to the Central Bank of Iraq website, Iraq includes 80 operating banks, including 62 local banks and 18 banks that are branches of foreign banks.
 
It is noteworthy that the Iraqi banking sector is neglected by citizens who have lost confidence in it, and according to World Bank figures issued last year, only 23 percent of Iraqi families have an account in a financial institution, which is a percentage among the lowest in the Arab world,
 
especially since the owners of those Accountants are state employees whose salaries are distributed to public banks at the end of each month, but these salaries also do not remain in the accounts for long, as queues quickly form in front of banks from employees who withdraw their salaries in cash and prefer to keep them at home.
 
For his part, financial and economic expert Mustafa Akram Hantoush explains,
 
“The local Iraqi currency is printed by the state and gives its value in exchange for other currencies or gold, that is, currencies or metals in the global supply and demand market.” Hantoush points out,
 
 “The currencies that are exposed to the supply and demand market are currencies that have countries that have correspondent banks for their currencies, for example the dollar.
 
There are banks that correspond in dollars so that the whole world receives and trades them, and therefore such a currency is considered a flexible currency with variable prices.” He continues,
 
"The Iraqi dinar had correspondent banks in a global currency that was dealt with in the field of global trade, and
 
here the demand for it will become higher and the value of the dinar will rise.
 
However, Iraq as a country does not currently have correspondent banks, so the national currency it owns is a local currency and is not subject to supply and demand." Global, as
 
it is a currency issued for other currencies, and the process in it is fixed and does not rise to be a global process.”
 
It is noteworthy that Washington entered into the crisis of dollar smuggling last year, and Iraq was subjected to the global SWIFT system, which created a gap between the parallel and official market, and increased the loss of confidence in Iraqi banks, as dozens were subjected to American and Iraqi sanctions without processing depositors’ funds, in addition to the involvement of... Most banks are currently engaged in smuggling operations, according to what the US Treasury Department confirmed.
 
Saturday, 01-13-2024, PM 9:01 Karar Al-Assadi 225  https://www.non14.net/public/163518

"RV UPDATE" BY GOLDILOCKS, 15 JAN

 Notice 2023-80: When the U.S. Tax Code Meets Pillar Two

~~~~~~~~~~

"The Federal Reserve is unlikely to extend its Bank Term Funding Program, the central bank’s vice chair for supervision, Michael Barr, inferred Tuesday while speaking at an event for Women in Housing and Finance. The Fed launched that emergency lending facility last year amid the collapses of Signature and Silicon Valley Bank. It is set to expire March 11."

We talked about this last week. The safety net for the old banking system of emergency funding will be over on March the 11th, 2024. We are expected between now and then to make adjustments inside our new Digital Asset Based Trading System and new Capital requirements to be up and running well.

These changes could cause fluctuations in the market we have not seen in a long time, but these shifts will be adjusted through new Basel 3 final guidance on our new tokenized assets interfacing together with banking systems and financial institutions all over the world.

This is not an overnight process and could take well into this year for many assets to shift into new prices based on new banking protocols.

Look for price pressures to cause new valuations going forward. It is a process expected to happen over time leading to a culminating event of weighing the market and its new values on a fixed rate of gold.

© Goldilocks
Banking Dive LInk

Iraqi dinar Chase Bank and Citi Bank Announced Iraqi dinar New exchange ...

Nechirvan Barzani praises Baghdad’s decision to finance the salaries of the region’s employees: a good step to solve problems, 15 JAN

Nechirvan Barzani praises Baghdad’s decision to finance the salaries of the region’s employees: a good step to solve problems

Shafaq News / The President of the Kurdistan Region of Iraq, Nechirvan Barzani, praised on Sunday the decision of the Iraqi Council of Ministers to finance the salaries of the employees of the Kurdistan Region.

Barzani said in an interview to reporters, including the correspondent of Shafaq News Agency, that “Our visit to Baghdad was to the basis for participating in the Iraqi Martyr’s Day ceremony, and then, since yesterday, we had a series of meetings with all Iraqi political parties, and these meetings must be taken in a normal way, since we live on this geography, it is normal to visit Baghdad, discuss the existing problems and try to solve them.”

He added, “In these meetings, we discussed two main topics, the first is the issue of the sustenance of the citizens of the Kurdistan region, and we believe that the regional government has fulfilled all its obligations towards Baghdad, and the issue of salaries must be dealt with the Kurdistan region like the rest of the Iraqi provinces and this issue should not turn into a political or pressure card on the Kurdistan region.”

The President of the Kurdistan Region continued; “The Prime Minister (Iraqi) had a very good understanding of this issue and I am sure that he will make every effort to solve this problem, and as you know, a decision was issued by the Council of Ministers today and we thank His Excellency the Prime Minister, as this issue was not originally included in the agenda of the meeting, but he stressed its addition to the agenda and we believe that this decision is a good beginning to solve the problems.”

Barzani explained that “the other issue is related to the security issue, as we believe that the drone attacks on the Kurdistan region will also undermine security in the region and Iraq because they are linked to each other and should not be separated, and this was a fundamental issue that we talked about with all political parties, certainly it needs more discussions, but we hope to resolve it.”

The president of the region praised “the steadfastness of the salary beneficiaries in the Kurdistan region, who were steadfast and endured a lot, and we hope that this issue will not become media and will be talked about in the media this year and it will be a natural issue like the rest of the provinces of Iraq.”

A government source said on Sunday, 615 billion dinars were sent from the federal government in Baghdad to secure the salaries of employees of the Kurdistan Region.

The source told Shafaq News that “the Iraqi Council of Ministers decided, during its current session, to send 615 billion dinars to secure the salaries of the Kurdistan Region.”

This comes after talks held by the President of the Kurdistan Region, Nechirvan Barzani, with officials in Baghdad regarding the budget and salaries of the people of Kurdistan, as the federal government decided today to send part of the region’s budget.

The President of the Kurdistan Region arrived yesterday, Saturday, in the capital, Baghdad, to participate in the official memorial service on the occasion of the “Iraqi Martyr” Day, the anniversary of the assassination of Ayatollah Mohammed Baqer Al-Hakim.

During the memorial ceremony, Nechirvan Barzani called on the forces and political parties to play their role in working to solve the problem of employees’ salaries and the region’s share of the federal financial budget, stressing that people in the region are living in a bad living situation due to the failure to address these differences and outstanding issues between Erbil and Baghdad.

https://shafaq.com/ar/سیاسة/نيجيرفان-بارزاني-يشيد-قرار-مجلس-الوزرا-العراقي-خطوة-جيدة-لحل-المشاكل

"RV UPDATE" BY FRANK26, 15 JAN

  Frank26 

  Question:  "Once the black [market] rate gets close to the official rate of 1320 will the CBI wait for a while to move to 1000 to be sure it's stable or will it quickly make the next move to 1000?" 

 Our desire is to see another exchange rate movement which would be somewhere between let's say 1,200 or 1,000 to 1.  We believe that's what will happen next.  But I don't think we'll get to see it because of the speed things are happening right now...

You are involved in this dinar investment.  The next step is the most crucial.  It's the most  dangerous for you...I'm concerned for you...I wish you well.  I've already prepared you.  I've already told you what to do...

 Question:  " Is the US government placing a hold on the currency revaluation to keep people from becoming wealthy?"

  No, our government has nothing to do with the monetary reform of the Central Bank of Iraq...We did everything possible to make them modern and they are.  But can we tell them, Okay go ahead do it now?  

 No.  It is strictly their prerogative.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-frank26-14-jan.html

The lower denoms to me is the most top secret subject of the monetary reform of Iraq.  The lower denoms and the new exchange rate that they have selected through the RV process.  That to me is the most critical piece of information to release and that should be released in the last seconds of the monetary reform.

Question: "Do you feel the dong will go with the dinar?" 

 I believe the dong is still a little bit behind the race of the monetary reform.  I believe Vietnam has a lot of issues with China.  I believe Vietnam ...dong has great potential...But unfortunately it is being shackled ...retarded ...abused by the banking policies that China continues to use...

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-frank26-13-jan_01013428094.html