Tuesday, January 28, 2025
Coffee with MarkZ and special guest MustangMedic. 01/28/2025
Coffee with MarkZ and special guest MustangMedic. 01/28/2025
Coffee with MarkZ and special guest MustangMedic. 01/28/2025
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 Morning Mark, Mods and fellow RV’ers
Member: It is truly a beautiful time to be alive, and beautiful things just around the corner
Member: We are into a new beginnings….. will the RV be among them?
MZ: It’s still quiet on the bond and group side. I did get a check in from a Freedom Group (PP) saying one of their leaders have started updating. I have had other contacts from that Prosperity Package saying they were also asked to update their contact information. I found that very positive .
MZ: In Iraq there is a ginormous fight over the budget. “Parliamentary Finance: Parliamentary pressure on the government to send 2025 budget tables” There is also unusual international pressure to get it done. Especially from the US. We never seemed to be concerned about this the last 15 years….and now suddenly we are concerned that they pass a budget.
MZ: “ The region demands more dollars-and the center and the south rise up and refuse to pass the budget” We had seen articles like this in Kuwait just before they released their RV. The same back and forth in articles….and Kuwait said they were not going to increase the rate for 6 months the same exact day they released it….China and Germany did the same thing
MZ: I was told that there is so much pressure and Iraq has agreed to settle in the next 3 days….. also they have a team already in Baghdad from the Kurdish region with great hope to settle this debate on the budget tables and know this budget out.
Member: I am sure enjoying all the rumors that the Federal Reserve and IRS may be going away….and income taxes…..those would be such a huge help to all US citizens.
Member: Yes, he is (replacing IRS with ERS--External Revenue Service -not Internal)
Member: and our new Treasury secretary said in a post yesterday “I’m committed to eliminating income taxes, replacing them with a fair consumption tax, and adopting a gold-backed currency. We’ll erase debt, restore financial privacy, and unlock new technologies for a prosperous future.”
MZ: I saw that and I am ready for a fair consumption tax. …and no income tax….That would be a great thing.
Member: I wonder what are the odds are that these new tax laws take affect prior to April 15?
Member: I heard the Scott Bessent post was not on a verified account and the account has since been taken down….best to consider it a rumor for now.
Member: Any of the Old RVers Remember Nick Fleming he used to say before he passed away in 2023 back in the Fall 2022 that the RV would go in February. We just didn't know which one.
Member: On 4 March 2025 President Trump will give the State of the Union Address before Congress. It was 236 years ago on 4 March 1789 the first meeting of the US Congress under the new Constitution was held.
Member: Hope everyone has a great day today!
Member: May your hope and dreams of a better day come to pass.
Mustang Medic joins the stream today. Please listen to the replay for his thoughts and opinions
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
TIDBIT FROM WALKINGSTICK, 28 JAN
Walkingstick
Trump has declared a mandate to Iraq - Stop using my dollar. The only way you can use my dollar is to buy medical stuff, medicine, equipment.
If you want to travel abroad you can get some of my dollar or GOI in your functions as a government. That's it.
Nowhere else can you use the American dollar in your country. Citizens can't touch it. Businesses can't touch it. Iraqi Stock Exchange can't touch it. Nobody is to touch the dollar.
Iraq boosts financial stability with huge dollar and gold reserves in US, Europe, 28 JAN
Iraq boosts financial stability with huge dollar and gold reserves in US, Europe
1/27/2025
A country that has huge reserves of hard currency is considered an economically stable country that can intervene at any time to address imbalances in the balance of payments structure. It also provides an important element in establishing the country's creditworthiness, enhances the country's credit rating in international transactions, and provides cover for its local currency.
The country that has reserves takes into account their diversification (securities, deposits, gold and bonds...) in addition to geographical distribution to reduce exposure to risks and provide returns that ensure the sustainability of these reserves.
Diversified financial assets
In this regard, the Prime Minister's Advisor, Mazhar Mohammed Salih, explained to Shafak News Agency, "Countries seek to diversify their reserves to include different currencies and various financial assets to achieve greater stability, and the US dollar is the main reserve in the reserves of these countries, because it is the most accepted and used global currency in international transactions and the most flexible."
He added, "Most countries prefer to hold assets that provide them with a fixed and stable income, such as US or European treasury bonds that can generate annual interest, while gold does not generate fixed returns like government bonds."
Saleh pointed out that "it is difficult to deal with gold in times of crisis, as it is difficult to convert gold into liquidity quickly compared to other financial assets such as foreign currencies and bonds."
The foreign exchange reserve is the country's reserve of foreign currencies, and is called the foreign exchange reserve. The purpose of the reserve is to protect itself and maneuver with it in times of economic recession or war.
The Central Bank of Iraq announced in 2024 that Iraq has a foreign currency reserve exceeding $100 billion.
Bond investment
For his part, the economic expert and professor of economics at the University of Iraq, Abdul Rahman Al-Mashhadani, stated that “the existing reserves of hard currencies are the reserves of countries, not governments,” indicating that “Iraq possesses a group of them amounting to approximately 106 billion dollars, of which 16 billion dollars is the value of gold in these reserves, and the rest is foreign currencies.”
Al-Mashhadani explained, during his talk to the agency, that "gold as a reserve cannot be invested except by buying and selling. Iraq sells when the price of gold rises and buys when the price falls, and thus achieves profits in this field," adding, "Its storage in international banks is subject to fees."
He pointed out that "the currency reserve is divided into more than one section, some of which are invested in US Treasury bonds in the range of 31 to 34 billion dollars, and the rest are used for debts," noting that "Iraq does not have sovereign funds like Saudi Arabia and others for surplus currencies, which are invested in various fields."
Iraq has 152.6 tons of gold reserves, which makes it 29th in the world out of 100 countries listed in the reserves table, and third in the Arab world after Saudi Arabia and Lebanon.
Foreign investment
In contrast, the financial expert and former general manager of the Central Bank, Mahmoud Dagher, pointed out that “Iraq has more than 100 billion dollars distributed among the world’s banks and central banks, especially the US Federal Reserve, the European Bank, the Bank of England in Britain, the Basel Bank in Switzerland, the Emirates, and Saudi Arabia.”
Dagher told Shafaq News Agency, "These reserves contain foreign currencies, bonds, and gold, and are managed by the Central Bank and achieve good financial returns. This is what is called foreign investment."
Coin cover
In addition, Jamal Kojer, a member of the Parliamentary Finance Committee, told the agency, "Iraq's large reserves of hard currency, including gold, provide cover for the local currency and give it stability."
Koger added, "Many bet on the fall and demise of the currency, and therefore these reserves make the central bank intervene in the event of any imbalance facing financial policy."
Variable reserves
But the economic expert, Hilal Al-Taan, saw that “all countries of the world boast about the amount of hard currency they have as a reserve, and this currency consists of the currencies of countries such as the dollar, the euro, and the franc, as well as gold.”
Al-Taan concluded, during his interview with Shafaq News Agency, that "Iraq is among the countries that were able, after 2003, to increase their currency balance to more than 110 billion dollars, and also to increase their gold balance to more than 150 tons."
He concluded his speech by saying, "These reserves are constantly changing in terms of the returns that Iraq obtains, through investing these currencies as interest in banks and as bonds." LINK
AJ: Iraq boosts financial stability with huge dollar and gold reserves in US, Europe of hard currency amounting to approximately 106 billion dollars!, 28 JAN
AJ
Iraq boosts financial stability with huge dollar and gold reserves in US, Europe of hard currency amounting to approximately 106 billion dollars. A MUST READ 
A country that has huge reserves of hard currency is considered an economically stable country that can intervene at any time to address imbalances in the balance of payments structure. It also provides an important element in establishing the country's creditworthiness, enhances the country's credit rating in international transactions, and provides cover for its local currency.
The country that has reserves takes into account their diversification (securities, deposits, gold and bonds...) in addition to geographical distribution to reduce exposure to risks and provide returns that ensure the sustainability of these reserves.
Diversified financial assets
In this regard, the Prime Minister's Advisor, Mazhar Mohammed Salih, explained to Shafak News Agency, "Countries seek to diversify their reserves to include different currencies and various financial assets to achieve greater stability, and the US dollar is the main reserve in the reserves of these countries, because it is the most accepted and used global currency in international transactions and the most flexible."
He added, "Most countries prefer to hold assets that provide them with a fixed and stable income, such as US or European treasury bonds that can generate annual interest, while gold does not generate fixed returns like government bonds."
Saleh pointed out that "it is difficult to deal with gold in times of crisis, as it is difficult to convert gold into liquidity quickly compared to other financial assets such as foreign currencies and bonds."
The foreign exchange reserve is the country's reserve of foreign currencies, and is called the foreign exchange reserve. The purpose of the reserve is to protect itself and maneuver with it in times of economic recession or war.
The Central Bank of Iraq announced in 2024 that Iraq has a foreign currency reserve exceeding $100 billion.
Bond investment
For his part, the economic expert and professor of economics at the University of Iraq, Abdul Rahman Al-Mashhadani, stated that “the existing reserves of hard currencies are the reserves of countries, not governments,” indicating that “Iraq possesses a group of them amounting to approximately 106 billion dollars, of which 16 billion dollars is the value of gold in these reserves, and the rest is foreign currencies.”
Al-Mashhadani explained, during his talk to the agency, that "gold as a reserve cannot be invested except by buying and selling. Iraq sells when the price of gold rises and buys when the price falls, and thus achieves profits in this field," adding, "Its storage in international banks is subject to fees."
He pointed out that "the currency reserve is divided into more than one section, some of which are invested in US Treasury bonds in the range of 31 to 34 billion dollars, and the rest are used for debts," noting that "Iraq does not have sovereign funds like Saudi Arabia and others for surplus currencies, which are invested in various fields."
Iraq has 152.6 tons of gold reserves, which makes it 29th in the world out of 100 countries listed in the reserves table, and third in the Arab world after Saudi Arabia and Lebanon.
Foreign investment
In contrast, the financial expert and former general manager of the Central Bank, Mahmoud Dagher, pointed out that “Iraq has more than 100 billion dollars distributed among the world’s banks and central banks, especially the US Federal Reserve, the European Bank, the Bank of England in Britain, the Basel Bank in Switzerland, the Emirates, and Saudi Arabia.”
Dagher told Shafaq News Agency, "These reserves contain foreign currencies, bonds, and gold, and are managed by the Central Bank and achieve good financial returns. This is what is called foreign investment."
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