Coffee with MarkZ and Mr. Cottrell. 02/21/2025

 Coffee with MarkZ and Mr. Cottrell. 02/21/2025

Feb 21

Coffee with MarkZ and Mr. Cottrell. 02/21/2025

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: TGIF and hello to all fellow RV’ers

Member: GM Mark, Mods and Dinarians! Is this our weekend?!

Member: This weekend would be perfect for an RV……

Member: Any minute would be perfect ….imo…..just do it please!

Member: Someone said that the RV won’t happen until Elon goes to fort Knox to see about the gold… I don’t know if that’s true or not

Member: I have a feeling they are already investigating Ft Knox…..Can’t wait to hear what they find. 

Member: There's 2 scenarios with Fort Knox, ,maybe 3….if the fort is stacked with gold vs. empty of Gold vs. just missing some gold ?

Member: or full of lead bars painted gold?

MZ: “Trump says we are going into Ft. Knox to make sure the gold is there” I think this may be the perfect way to handle this is to take Ron and Rand Paul with them…they deserve their day in the sun. 

MZ: Trump also said “The gold is the property of the American people. I sure hope it is still there?”

Member: No gold= fiat crash

MZ: Exactly. 

Member: Hey Mark did you see the article posted on CBI yesterday stating they gave licenses to 3 currency exchange companies?

MZ: Also the CBI site is having many issues. Looks like it’s going through a major upgrade? Are they getting ready for something?

MZ: We do know for a fact that the Iraqi Parliament Speaker if the house is in Washington DC and meeting with the Iraqi division and the US department of state. Is it RV related-We don’t know? My guess is it has to do with removing Iranian influence as quickly as possible. And, being energy independent from Iran. 

Member: (From dinar Guru) Mnt Goat :  Remember the CBI told us that January is the most optimistic to revalue the dinar with any substantial change in value. Why? It is because of the accounting practices and it is MOST convenient to begin a new fiscal year clean with a new rate. Remember we may be already into February but we know they just passed the amendment to the budget law and so they have not yet even opened the 2025 budget. So there still can be a rate change coming.. .

MZ: I have to agree with this one and there could definitely still be a rate change coming.

MZ:  “New reforms planned for the banking system of Iraq”  They are still updating and upgrading it. 

MZ: “ Iraq and UN discuss international cooperation mechanisms to recover smuggled funds”  Remember you have to clean up the past so you can reset …we are watching it happen 

Member: Same with the US…..The Trump team is auditing everything …cleaning up corruption. We will be very happy that things will be safe and secure when we have exchanged.

Member: Old proverb. “You shouldn’t put new wine in an old wineskin” 

MZ: Many nations around the world right now are cleaning up past corruption and grift. Getting ready to reset their systems. 

MZ: “ Doug Casey on the coming monetary reset and Trump’s impact on gold and the dollar”  Doug even gives some insight in to past financial resets . there are many examples in history of past resets of our financial system. 

MZ: The biggest reset was in 1933 when Roosevelt confiscated our gold from US citizens at $20.50 an ounce and revaluing gold at $35 an ounce.  There was a reset in 1913 when the federal Reserve took over. 1971 was definitely a reset when Nixon took us off of the Gold Standard. At some point all resets go back to having precious metals backing the currency. 

Member: Gold is the only Constitutional "money" the rest is just "currency" not money. There is a vast difference between money and currency!

MZ: “ Despite Iranian denials . Washington delegation to arrive in Baghdad soon to start negotiations with Tehran”  Iraq is setting up a negotiating table for a Iran and US “sit down” . Get ready to watch peace suddenly break out across the globe. 

Member: Any news from historic bond holders or redemption center staff?

Member: Are your redemption people working this weekend?

Member: My bank is doing a server maintenance on sat 22, thru Monday. I’ve never seen them do that before. Don’t know if it means anything

Member: The Wells Fargo Local Branch Manger Left For The Wealth Manager Position At The Incline ($) Village Wells Fargo Branch. Something Big Us Coming, & Soon

Member: Really praying that taxes go away before April 15th this year. 

Member: Abolishing the federal income tax will save families roughly between $5,000 to $20,000 a year depending on earned income. But the real savings comes from the domino effect this will have on everything

Member: any news on the Venezuelan Bolivar?

MZ: Still hearing it’s in the first basket. 

Member: I wonder -could the doge checks going out to taxpayers be a good cover to release the rv? Everyone getting $$ and that could distract??

Thanks Mark, Mods, and Mr. C…..see everyone tomorrow AM.

Mod: NO PODCAST TONIGHT…. THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 9:45 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

MARKZ: THEY ARE TESTING THE DINAR ON FOREX! @DINARREVALUATION #iraqidinarinvestor

 

EXCLUSIVE: FIVE IRAQI BANKS TO BE BANNED FROM US DOLLAR TRANSACTIONS, 22 FEB

 EXCLUSIVE: FIVE IRAQI BANKS TO BE BANNED FROM US DOLLAR TRANSACTIONS

By Maha El Dahan and Ahmed Rasheed

February 16, 2025

DUBAI/BAGHDAD, Feb 16 (Reuters) – Iraq’s central bank will ban five more local banks from engaging in U.S. dollar transactions, a move that comes after meetings with U.S. Treasury officials in efforts to combat money laundering, dollar smuggling and other violations, two sources with direct knowledge of the matter told Reuters on Sunday.

The move comes after meetings in Dubai last week between officials from the Central Bank of Iraq – which last year already banned eight banks from U.S. dollar transactions – and U.S. Treasury and Federal Reserve officials, one of the sources said.

(Ok, so it’s not 15 banks, only 5 from engaging in US dollars. These are the CBI restrictions and NOT US sanctions imposed on the banks in Iraq. I repeat NOT US sanctions! Many of these Iraqi news media outlets luv to exaggerate and tell you these are US sanctions. This is called FAKE news. Yes, even in Iraq.)

FIREFLY: THEY CANT DO LAUNDRY MONEY WITH THIS NEW SYSTEM!, 22 FEB

 Frank26 

  [Iraq boots-on-the-ground report]   

FIREFLY:They showed several individuals that were busted in the new system trying to laundry money  but they can't now with this new system.

  FRANK: That's right.  Security and stability was the #1 thing that was needed in order to release the new exchange rate.  That's why it's exciting right now.

CRYPTO TRADER: it would be prudent for such a huge investment deal to be signed post the revaluation

 

UPCOMING US SANCTIONS THREATEN 15 IRAQI BANKS DUE TO CURRENCY SMUGGLING!, 22 FEB

 UPCOMING US SANCTIONS THREATEN 15 IRAQI BANKS DUE TO CURRENCY SMUGGLING!

(Only 5 Iraqi banks were limited form the US dollar not 15. Also these are NOT US sanctions on restrictions by the CBI. So this article has it all wrong! ☹ Even the CBI director told the new media to stop calling them sanctions.)

In a surprising development, press reports confirmed that the US Treasury Department is preparing to impose new sanctions on more than 15 banks in Iraq, including private and government banks, in a move aimed at combating currency smuggling, which has recently become a controversial issue.

These sanctions come at a sensitive time for the Iraqi economy, which is already facing significant challenges in the currency and finance sectors. According to sources, the US government is targeting these banks for their involvement in foreign currency smuggling, which threatens the stability of the Iraqi economy and further depreciates the value of the dinar.

REASONS BEHIND SANCTIONS

US officials believe that many Iraqi banks have indirectly contributed to currency smuggling by transferring money out of Iraq illegally, which has led to a shortage in the country’s foreign currency reserves. On the other hand, these operations contribute to facilitating the financing of illicit activities, which include financing armed groups or smuggling money to other countries.

Despite warnings from Iraqi authorities about the negative effects of these sanctions, the United States appears to be moving forward with this step in response to the escalation of these activities.

IMPACT OF SANCTIONS ON IRAQI BANKS

If the sanctions are confirmed, the Iraqi banks involved could face significant difficulty in dealing with the international financial system. This means that banks could have their accounts frozen or be prevented from conducting international transactions, which would negatively affect the ability of Iraqi companies and individuals to deal with international banks. (but only if they illegally deal in US dollars. Let’s not exaggerate!)

These sanctions are likely to be an additional blow to the Iraqi economy, which suffers from a lack of investment and weak trade exchanges. But they may also be an opportunity for the Iraqi financial system to correct and move towards improving financial supervision.  (Not really as importers can still go to other banks for the dollars.)

THE ROLE OF THE IRAQI GOVERNMENT IN DEALING WITH SANCTIONS

The Iraqi government is expected to exert significant pressure to curb currency smuggling, by strengthening oversight of the banking system and taking strict legal action against banks involved. These measures may include restructuring the financial and banking system and imposing new laws that ensure compliance with international standards.

CONCLUSION

US sanctions (CBI restrictions) on Iraqi banks raise many questions about the future of the Iraqi economy and relations with major powers. While the United States seeks to combat currency smuggling, the challenges facing Iraq may require radical internal solutions to ensure the stability of the financial system and open new horizons for economic growth away from these international pressures.

TIDBIT FROM MNT GOAT, 22 FEB

 Mnt Goat 

 Another major step to fully globalizing Iraq is in the article titled  “IRAQ MOVES TOWARDS GLOBALIZATION ...IMPLEMENTATION OF INTERNATIONAL ACCOUNTING STANDARDS BEGINS IN 2026”. 

  ...in my eyes this is not going to trigger the RV but is certainly a right step in the direction we want. 

Remember the CBI told us that January is the most optimistic to revalue the dinar with any substantial change in value. Why? It is because of the accounting practices and it is MOST convenient to begin a new fiscal year clean with a new rate. 

Remember we may be already into February but we know they just passed the amendment to the budget law and so they have not yet even opened the 2025 budget. So there still can be a rate change coming...