Coffee with MarkZ 07/27/2023

MarkZ Thursday  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 Everyone…Is today our day????

Member:  It’s a good day for something good!!

Member: Bearded Patriot said this and Wolvie confirmed……From RIGHT NOW till MONDAY NIGHT……WATCH WHAT HAPPENS! Be ready…..that’s all I can say…….

MZ: With everything that is coming unglued right now….and with the chatter from the Iraqi front…..that they were given 72 hours deadline to deal with the change in price after yesterday’s protests…..that fits in with everything I am hearing. So watch between last night and Monday night. 

MZ: After yesterday being a big news day…today is pretty dry. This is not unusual. 

Member: Do not mistake silence for inaction.

MZ: Contacts are still being quiet….They are still saying they are under an NDA…..at the most they say “no spendable cash yet”  Some bond sellers had sold to “resellers” at a low price… and have spendable cash but that is a whole different thing. 

MZ:  MilitiaMan dropped a really  solid video last night about the “Deleting the 3 zero project”  The project still exists and is being discussed. This does not mean they take the 3 zeros off the notes …..It means they break out the lower denominations and they won’t need the 3 zero notes any more. This means they are revaluing the currency. 

MZ: Seeing this back in the news is a good thing. Another good point MM had was they established a 72 hour window for the CBI and everyone else to deal with the parallel markets and rates to change that…….last time they had that kind of meeting they changed the rate. They went for 1500 to 1310. 

Member: Things in Iraq are getting shakey . It's beginning to worry me a little. They seems to not be able to do anything but trip over their own feet.

Member:  the US needs to get outta the way and stop trying to stop what can't be stopped

Member: Frank26 said Sat. could be big

                          

Member: The Iraqi citizens are tired of waiting

Member: The entire world is tired of waiting. 

MZ: out of Vietnam “ Vietnam aims to annually exploit 2MN tonnes of rare earths” this points out how strategic the area is and its value. Vietnam is a powerhouse of  manufacturing and technology . They have large amounts of iron ore and untapped energy reserves. They have sizable deposits or rare earth minerals…this will help back the value of their currency in the new commodity based world soon. . 

Member: How convenient all this countries are finding metals, petrolium and other commodities when we are close to the RV and Nesara/Gesara …White Hats in control!

Member: I wonder if "white hats" are for real???

Member: Seeing a lot of happenings around the world, praying that one of them will finally be the one to kick us off

MZ: A good one from Jim Rickerds “BRICS currency will leverage gold to beat the dollar”  He says this currency will not be exchangeable for gold but will be tied to gold. He considers this the petrodollar killer and I agree with him. 

Member: Mark, What’s your thoughts on the WEFs future ?

MZ: Depends on which reset wins. Personally I think they will eventually go away. 

Member: Just walked out of my credit union in GA. Whole new set up with now only 2 Teller Windows & also a new dedicated waiting area with seating

Member:  Lots of news last night. Basel 3 is the beginning of the end. Boom. Starts today buckle up everything coming together.

Member: It is way beyond time for this insanity to end.

Member: Keep up the faith! Having patience is very hard.

Member: Everyone…. keep the vibes high and positive.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE.

"Playing with F.I.R.E. Without Getting Burned" BY TAMMY TRENTA , 27 JULY

By Tammy Trenta, MBA, CFP, CTC, CEXP; Founder and CEO - Family Financial

We live in a world marked by immediacy. Technology fills our days with instant gratification where even the most obscure requests can be met on demand. Convenience is the new ideal; it should be easy to get the ‘boring stuff’ out of the way quickly to do the things we truly want to do.

The F.I.R.E. movement (Financial Independence, Retire Early) is an example of this new mindset; some are banking their futures on the peaceful coexistence of immediacy and practicality. F.I.R.E. throws the old standard - working a nine-to-five job through age 65 - out the window. It states that with enough discipline, people can and should retire as young as they choose - even in their 30s.

But achieving any ambitious goal requires sacrifice - which is rarely convenient. To avoid being burned by F.I.R.E., you’ll need to find the right balance of sacrifice and practicality.

Knowing how much to save

The first step is to figure out how much you’ll actually need during your retirement years. Think about what you want your life to look like and what is likely to change over time (Family status? Location? Inheritance?). And don’t forget about inflation!

Once you identify the amount you’ll need and when, consider what you need to live on now and your capacity for saving. Will you make it? If the answer is no, your options are to spend less, earn more, or a timeline adjustment. Each option requires a hard reality check.

Spending less

What are you (really) willing to give up today for an independent tomorrow? If you’re just starting out, drastic adjustments are easier to implement. But if you’ve already achieved a comfortable lifestyle, are you realistically going to go backwards to save money?

I speak from experience. Prior to the pandemic, our family was comfortable, but overwhelmed by the accumulation of stuff. The minimalist lifestyle was appealing, so we downsized. But when COVID hit and my son was home from school for a year, we were overwhelmed in the opposite direction - we quickly learned that staring at each other in our 800-square-foot apartment was enough to drive us all mad.

Sacrifice is a very individual concept and will look differently for everyone. Housing (often your largest expense) is a great example. Teaming up with roommates or living with parents to save money can be appealing for some, but is a dealbreaker for others. In major cities, we are seeing a big push for “pods” - inexpensive spaces just large enough to sleep in, with communal areas to eat and shower. While this doesn’t appeal to me, it works for many.

Earning more

If you are ambitious enough to try to retire before 40, chances are, you’re also ambitious enough to shoot for a job that pays very well. When it comes to your (short) career path, a good rule of thumb is to aim to double your income every 5 years.

Gone are the days of corporate loyalty when people would work at the same job for decades. Now, trading up for more money is all but expected. And today’s gig economy offers plenty of flexible options for those looking for an income boost. However you go about it, remember, doubling your income means doubling your savings - a big incentive if you’re a F.I.R.E. adherent. 

And be sure to give higher education the scrutiny it deserves. We’re well beyond the days when college automatically equaled better income potential. If you’re into F.I.R.E., you may be savvy enough to learn the skills you need without the hefty tuition bill.

Controlling the Burn

If F.I.R.E. feels a bit too hot for your lifestyle, there are F.I.R.E.-lite alternatives. Retiring at 50 instead of 40 could give you some freedom while giving your pocketbook additional power. Extended breaks here and there could allow you to explore while keeping your earning potential intact. And part-time gigs are a way to give your daily life breathing room.

So before you jump into the F.I.R.E., let's sprinkle in a dash of reality. Life, with its beautiful unpredictability, may throw a curveball or two. If you're blessed with a long, vibrant life expectancy, remember: plans sometimes dance to their own tune. And should you grace the world with your presence longer than expected, make sure your treasure chest is bountiful. No crystal ball here, just some heart-to-heart advice: tread with care and ensure the adventure is truly golden.

https://www.nasdaq.com/articles/playing-with-fire-without-getting-burned

Dinar RV Breaking News🔥Iraqis Protest In Front of Central Bank🔥CBI Must ...

"BANK OWNERS & CITIZENS PROTEST DETERIORATION OF IQD", 27 JULY

Depreciation of Iraqi Dinar sparks Protests

Dozens of people have reportedly protested in front of the offices of the Central Bank of Iraq (CBI) in Baghdad following a fall in value of the Iraqi Dinar (IQD) against the US dollar. Over the previous two days, the dollar is said to have risen from 1,470 dinars to 1,570 dinars.

According to Associated Press, bank owners called for "official action" to prop up the dinar.

Last week the US banned 14 Iraqi banks from conducting dollar transactions.

https://www.iraq-businessnews.com/2023/07/27/depreciation-of-iraqi-dinar-sparks-protests/

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Bank owners and citizens protest deterioration of the Iraqi dinar following US ban on Iraqi banks

IRBIL, Iraq (AP) — Dozens of people protested in front of the Central Bank of Iraq in Baghdad and bank owners called for official action to stem a sharp increase in the dollar exchange rate Wednesday, after the United States blacklisted 14 Iraqi banks.

Over the past two days, the market rate of the dollar jumped from 1,470 dinar per dollar to 1,570 dinar per dollar. The jump came after the U.S. listed 14 private Iraqi banks among banks that are banned from dealing with U.S. dollars due to suspicions of money laundering and funneling funds to Iran.

The ban was imposed by the U.S. Treasury Department and the Federal Reserve Bank of New York and was first reported by the Wall Street Journal on July 19.

“The listing of almost one third of the private banks as banned from dealing with the U.S. dollar will have negative consequences from many perspectives,” Haidar al Shamaa, owner of a private bank in Baghdad said at a news conference Wednesday.

He called on “the brothers at the Iraqi government to work ... to undo the damage which occurred to us specifically, and to the Iraqi banking section in general.” 

The 14 banks facing the ban issued a joint statement urging the Iraqi government to address the issue and warning that banning a third of Iraq’s private banks from dollar trading would not only impact the dollar price but hinder foreign investment.

Protesters organized by a group calling itself Thuwar Tishreen (October Revolutionaries), which is connected to a movement that started mass protests in Iraq in 2021, also demanded that the government take action to halt inflation.

Also on Wednesday, central bank chief Ali al-Allaq told the state-run Iraqi News Agency that his institution continues to provide dollars at the official rate of 1,320 dinar to the dollar for “all legitimate transactions” including “remittances and credits for various imports.”

He blamed the current rise in the street price of the dollar on the “reluctance of certain merchants” who “do not practice legitimate activities and operations” to use the official electronic platform used for currency requests.

On Sunday, the Iraqi Prime Minister Mohammed Shia al Sudani met with al-Allaq and discussed measures to stabilize the dinar price against the dollar.

A similar dive in the value of the dinar took place earlier this year after measures taken by the United States late last year to stamp out money laundering and the channeling of dollars to Iran and Syria from Iraq severely restricted Iraq’s access to hard currency.

https://apnews.com/article/iraq-banks-us-ban-iran-dinar-exchange-rate-c530a3583ae2b2f62b118c3552629151

"THE GOVERNMENT IS PROCEEDING WITH ITS MEASURES TO BYPASS US FEDERAL CONSPIRACY", 27 JULY

 Al-Sudani confirms that the government is proceeding with its measures to bypass the US federal conspiracy

7-26-2023

Al-Sudani confirms that the government is proceeding with its measures to bypass the US federal conspiracyInformation / Baghdad..

The leader of the State of Law Coalition, MP Muhammad Saadoun al-Sudani, confirmed on Wednesday that the government would proceed with its economic measures in order to overcome the issue of the high exchange rate of the US dollar against the Iraqi dinar.

Al-Sudani said in a statement to Al-Maalouma, “The biggest challenges facing the Al-Sudani government today are related to the high exchange rate of the US dollar against the Iraqi dinar.”

He added, “The actions of the US Federal Bank are a conspiracy against the government to curtail its role at the regional and international levels, due to its success in attracting solid international companies to implement important service projects.”

He pointed out that “the Sudanese government is continuing its financial measures to overcome the crisis of the high exchange rate of the US dollar against the Iraqi dinar in the local market.”

And the US Treasury decided, during the past week, to stop 14 Iraqi banks from trading and selling hard currency, which caused a rise in the exchange rates of the dollar in the local markets.

almaalomah.me

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Iraqi banks sanctioned by America call on the federal government to remove the damage

2023-07-26 02:55

Iraqi banks sanctioned by America call on the federal government to remove the damageShafaq News/ Today, Wednesday, the 14 Iraqi banks that were sanctioned by the US Federal Bank called for an end to the damage caused to them as a result of those sanctions.

And the punished group of banks stated in a statement today, “It was announced on Thursday, July 20, 2023, that our banks would stop dealing with the US dollar currency through the Central Bank of Iraq under the guidance of the US Federal Bank, while we regret this directive and we would like to show that we apply the best standards.” Verification and auditing, through specialized Iraqi and foreign cadres and through advanced international programs and systems applied by the best international banks in the field of compliance, combating money laundering and terrorist financing, and verifying all companies and individuals in accordance with the various international dealing prevention regulations, including the regulations of the OFAC Department or others, and all this in order to Avoid suspicious transactions.

The banks also said: We work under the umbrella and oversight of the Central Bank of Iraq and provide various banking services, including coverage of foreign imports, stressing, “We are fully prepared to undergo auditing of all our transactions, whether from the Central Bank of Iraq or from international auditing companies, and we bear all responsibility for any abuses that Found”.

The statement noted that the presence of nearly a third of private banks within the prohibition of dealing in US dollars will have negative responses in many aspects, not only on the exchange rate of the Iraqi dinar against the US dollar, but its impact will be very significant in several directions, including stopping foreign investment.

In its statement, the banks called on the Iraqi government to work with all the means available to it to remove the damage that occurred to it in particular, and to the Iraqi banking sector in general, and to provide the necessary support in order to resolve the above issue as soon as possible.

On Wednesday, July 19, the US Treasury imposed sanctions on 14 Iraqi banks in a crackdown on Iran’s dollar transactions.

The Wall Street Journal quoted US officials as saying that “the move came after the disclosure of information indicating that the targeted banks were involved in money laundering and fraudulent transactions.”

The newspaper added, “Some of these operations may relate to individuals subject to sanctions, which increases fears that Iran will benefit from them.”

A senior US official told the newspaper: “We have strong reason to suspect that some of these money laundering operations may benefit either individuals covered by US sanctions, or persons who may be included in the sanctions.”

“The main danger of sanctions in Iraq is definitely related to Iran,” the US official added.

Shafaq News agency learned that the sanctions affected “banks (the Islamic Advisor for Investment and Finance, the Islamic Qartas for Investment and Finance, as well as the Islamic Spectrum, Elaf Bank, Erbil Bank for Investment and Finance, the International Islamic Bank, Trans-Iraq Bank, Mosul Bank for Development and Investment, Al-Rajeh Bank, Sumer Commercial Bank, Trust International Islamic Bank, and Ur Islamic Bank The Islamic World Bank for Investment and Finance and Zain Iraq Islamic Bank for Investment and Finance.

And the US Treasury Department prevented four other Iraqi banks from accessing the dollar last November, and also imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.

In the past weeks, the Central Bank of Iraq had excluded 4 private Iraqi banks from the currency sale auction (namely: Al-Ansari, Al-Sharq Al-Awsat, Al-Qabid, and Asia) following directives and warnings from the US Treasury about these banks accused of smuggling currency.

shafaq.com

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“Finance” criticizes a decision that caused the dollar to rise, and does not rule out imposing sanctions on the Iraqi Central Bank

2023-07-26 06:31

Finance criticizes a decision that caused the dollar to rise and does not rule out imposing sanctions on the Iraqi Central BankShafaq News/ The Parliamentary Finance Committee criticized, on Wednesday, the recent decision of the Central Bank of Iraq to allow exchange companies to sell dollars to citizens wishing to travel, while it did not rule out that this would lead to new US sanctions on the country.

The deputy head of the committee, Ahmed Mazhar, told Shafaq News agency, “The Central Bank took a wrong decision when it allowed exchange companies to sell dollars directly to citizens wishing to travel outside Iraq.”

Mazhar asked, “We do not know how the central bank administration made such a decision?”, indicating that “this decision may collide with the policy of the US Treasury, and new sanctions may be issued that may affect the central bank if the situation continues as it is now.”

He pointed out that “the sanctions issued by the US Treasury reflected negatively on the market, and the exchange rate of the dollar against the Iraqi dinar will continue to rise further.”

Yesterday, Monday, the Central Bank of Iraq decided, according to Shafaq News Agency, to “facilitate cash sales in US dollars for travelers. It was decided to allow exchange companies of categories (A and B) wishing to open accounts with this bank in both dinar and dollar currencies for the purpose of participating in a sale window and buying foreign currency.

shafaq.com

Coffee with MarkZ 07/27/2023

"INVESTING IN THE STOCK MARKET: 3 STEPS TO DOUBLE YOUR MONEY" FROM NASDAQ, 27 JULY

 The investing world is full of empty promises, and there are plenty of investments that guarantee to make you a lot of money essentially overnight. Generally, though, if it seems too good to be true, it probably is.

However, with the right strategy, investing in the stock market can be a fantastic way to generate long-term wealth -- and you don't need to invest a lot of money to reap the rewards. While investing isn't a "get rich quick" tactic, there are a few easy (and legitimate) ways to double your money with next to no effort.

Image source: Getty Images.

1. Take advantage of passive investments

One of the easiest ways to make money in the stock market is to invest in passive investments like  index funds or exchange-traded funds (ETFs). While actively managed funds have a professional choosing the stocks within the fund, passive funds track certain stock market indexes, like the S&P 500 or the Dow Jones Industrial Average, and attempt to mirror their performance.

In other words, by investing in, say, an S&P 500 ETF, you'll instantly be investing in all the stocks that make up the S&P 500 index. The S&P 500 includes stocks from 500 of the largest companies in the U.S., and you can gain exposure to all of them with a single investment.

While it may seem counterintuitive, passive funds like index funds and ETFs tend to outperform actively managed mutual funds. In fact, between 2010 and 2020, only 24% of actively managed funds managed to outperform their passive counterparts, according to research from Morningstar.

With passive investments, not only is it easy to invest in some of the world's strongest companies, but your money is more likely to grow faster, too.

2. Don't try to time the market

One of the most daunting aspects of investing in the stock market is figuring out what to do during market downturns. When the market starts to take a turn for the worse, it can be tempting to sell your investments and withdraw all your money.

However, selling your investments during periods of volatility can be a major risk because it involves trying to time the market. When you time the market, you're trying to sell your stocks just before prices begin to fall, then reinvest when prices are at rock bottom.

While this sounds like a smart strategy, it's nearly impossible to pull off. The stock market is unpredictable, and nobody knows exactly when market downturns will occur or how long they'll last. If you sell or buy at the wrong time, you could end up losing money.

You're better off, then, holding your investments through periods of volatility. Keep in mind that you won't actually lose money unless you sell your stocks. Even if the market does crash, as long as you don't sell, there's a good chance your investments will rebound eventually and you won't lose any money.

3. Leave your money alone

It takes time for your money to grow. To earn as much as possible, it's best to leave your investments alone for several years or, ideally, decades.

The longer you let your money grow, the more you can potentially earn. Compound interest helps your savings grow exponentially the more time they have to accumulate, similar to a snowball rolling down a hill. It will take time for the snowball to gain speed, but after a while, it will start getting bigger and rolling faster down the hill. The longer it rolls down that hill, the larger it will become and the quicker it will grow.

Putting it all together

By taking advantage of all three of these strategies, you can easily double your money.

Say, for instance, you're investing in an S&P 500 ETF and earning a modest 7% average annual return on your investments -- which is just below the market's long-term average. If you invested $1,000 right now and made no additional contributions, you'd double your money within around 10 years.

However, let's say that in addition to your initial $1,000 investment, you continue investing $100 per month, all other factors remaining the same. In this scenario, you'd reach $2,000 in less than one year. After 10 years, you'd have more than $18,500. In 30 years, you'd accumulate around $121,000.

Investing in the stock market can be intimidating, but it doesn't have to be. With the right strategy in place, you can easily double your money and build wealth that lasts a lifetime.

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https://www.nasdaq.com/articles/investing-in-the-stock-market-3-steps-to-double-your-money