They're not going to...build a country at 1310. The math doesn't work. I don't care how many times people try to figure that out. Think about it for a second...1310 dinars to buy a pencil but if you can buy 100 pencils for one dinar because the dinar is worth $3.00, $4.00 or more. How many pencils can you buy?
Think about that in bricks, steel, sewer systems, infrastructure, lighting, military operations, airplanes, guns and weapons, grocery stores at 1310 as opposed to 2, 3, 4 bucks. They specifically bring up and invoke 'previous eras' not me. I just report that...
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 to all….hope your day was great
Member: Seems like things are ramping up…..might be a hot week for us all. Any big news Mark?
Member: Are they going to knock it out this week?
MZ: They need to knock it out this week….A lot of people are expecting it this week in the banking world. …we will see what happens.…
Member: Isaac posted he is expecting a bond update tomorrow
MZ: A lot of my bond folks are looking for an update tomorrow. Between tomorrow afternoon and Wednesday morning.
Member: Frank26 doesn’t think .76 rate is right. He thinks it could go to $4.25.
MZ: We talked about this all morning and the article it came from….….for those that were not here be sure to go and listen. I agree with him. I don’t think it’s accurate either but it shows us they are planning and putting in mechanisms to revalue. I think they floated a much lower rate than they are going to go with
Member: Just seeing that possible huge rate increase in an actual article was exciting….makes it seem more “real” …I admit to having doubts about all of this lately.
Member: MarkZ. The Dinar was at $3.22 when it was devalued. Taking inflation into account. The Dinar would be $4.28 today.
Member: I think .76 cents is a sucker rate.
MZ: I also believe .76 cents would be a sucker rate.
Member: Maybe .76 cents prepares the forex market for what is to come. So $3.50 to $4.25 won’t surprise them?
MZ: I agree and it also prepares the people for a different rate. This big a change needs to be prepared for.
Member: Melanie Hinds has contacts in Iraq who think it will go between the 10th to the 24th of March.
MZ: That’s the general consensus amongst my Iraqi contacts as well….We will see how it plays out.
Member: What do you think silver will go up to Mark?
MZ: I think silver was close to hitting at $25 today. If they quit suppressing and manipulating it…we may have already seen it over $300.oo an ounce….just some quick math.
Member: Today was the end of the Bank Term Funding Program. Smaller banks possibly could close.
Member: Mark, do these things have to go before the RV? 1. Public announcement Iraq joined the WTO. 2. Dinar RV in Gazette. 3. CBI announce RV publicly. 4 Announcement US will withdraw its troops from Iraq
Member: IMO all of that can happen at the same time as the RV/Reset
Member: We have had some much evidence and with a WTO meeting coming up on the 20th I think this week should be the one!! All lining up
MZ: Looks like we will have MilitiaMan with us on Thursday AM…..will be a good one.
Member: No offense but I hope we don’t have a podcast on Thursday because we are at the banks…and exchanging
MZ: Wouldn’t bother us at all if we both missed it for that reason.
Member: On RV DAY WE NEED TO DECLARE A NEW NATIONAL HOLIDAY- FREEDOM DAY !!!!! Just to remind everyone regularly so we don’t go backwards again.
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IMF's report on Iraq's economy. This is a critical report dealing with Iraq's...financial future...Iraq could easily be on the path to a higher exchange rate depending on how the country responds to the IMF recommendations...
Iraq's non-oil economy is expected to continue to its growth in 2024 after expanding by 6% in 2023. The IMF also reported Iraq's economy is projected to rebound in 2024...
Iraq needs more sustainable non-oil growth according to...the IMF mission.
OPEC Warns Of The Disappearance Of Oil: This Is What Its Repercussions Will Be
Arab and international Economy News - follow up The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, warned of the repercussions of the disappearance of oil in the future.
Al-Ghais said in his article, “If oil disappeared tomorrow, there would be no jet fuel, gasoline, or diesel. Internal combustion engine cars, buses, and trucks would be stranded. Planes would stop, diesel-powered freight and passenger railways would stop, and people would not be able to travel.”
“Go to work, children will not be able to go to school, the shipping industry, which transports goods and passengers, will be devastated, there will be no point in calling emergency services, and the majority of ambulances, fire trucks, police cars, rescue helicopters and other emergency vehicles will be idle.”
He added: “Most phones and computers will also disappear because their plastic components are derived from oil, so it will be difficult to find a way to communicate with emergency services,” noting: “The construction sector will also stop, as diesel-powered vehicles will break down, and excavators, bulldozers, dump trucks, and cranes will remain.”
Cement mixers, vibrating rollers and compact cranes are out of service, and it will not be possible to build new homes or buildings or carry out vital maintenance work.”
He continued: “If oil disappears tomorrow, petroleum products will disappear with it, and this would affect the production of electric cars, and with supply chains disrupted, the structure of lithium batterieswill also be affected, as the lithium battery consists of four parts, and the separators are microporous membranes, made Usually from petroleum-based polyethylene or polypropylene products, the petroleum-derived synthetic rubber used in car and bicycle tires will cease to exist.
Lawns, harvesters, balers, sprayers, and seeders will stop working, and the food containers needed for storage and preservation will not be available. Petroleum coal, a by-product of oil refining, is used as a feedstock in the manufacture of synthetic fertilizers, which are important in increasing crop productivity. This will likely result in food shortages.
He went on to say: “If oil disappears tomorrow, it will be catastrophic for health services everywhere, employees will lack the ability to move, and basic supplies will be stranded,” pointing out that “petroleum is an essential raw material for medicines, plastics, medical supplies, latex gloves, and pipes.”
Medical, medical syringes, adhesives, some bandages, antiseptics, hand sanitizers, cleaning supplies, prosthetics, artificial heart valves, resuscitation masks, stethoscopes, MRI scanners, insulin pens, injection bags, drug packaging, face masks, equipment Personal protection is largely derived from petroleum-based materials.”
He stated that "equipment used in medical research, such as microscopes, test tubes, and protective glasses, usually contains components derived from petroleum.
The chemical structure that produces aspirin begins with benzene derived from petroleum, where benzene is converted into phenol, which in turn is converted into salicylic acid, then... It is converted into acetylsalicylic acid, which the world knows as aspirin, and it is difficult to imagine a modern hospital without this group of essential petroleum products.”https://economy-news.net/content.php?id=41342
The conditions of the monetary reform are perfect. All the waiting that we've been having forever and ever is also very perfect because what we're waiting for is just one thing and one thing only, the new exchange rate. That's it. The evidence is, banks know now.
IMO This is an RI not and RV like the other people tell you. The RV was a long time ago...This is an RI. It is to be reinstated. I believe it's trying to reach $3.22 so he can be on par and then float in the basket and gain more value.
