Coffee with MarkZ 08/17/2023

PDK Note: I will only transcribe RV Related or Intel with Financial relevance. ….So if there are no notes transcribed…there usually was little to no RV news at all included in that particular podcast. 

Thursday Morning News with MarkZ 

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 RV friends

Member: Good morning everyone. Isaac hasn’t posted in 10 days

MZ:  I’m telling you-so many of the bond folks have gone dead silent. Either there is nothing to post…they are tired of all the BS being posted or they are under a NDA.   Which is it. 

Member: They must all be frustrated beyond belief…..like the rest of us. 

MZ: I believe it will stay quiet until we cross the finish line. 

MZ: No CMKX news…Mr. C has not been paid…..there is still expectations from groups for around Aug 20th…..….but there is no physical, spendable money in anyone’s accounts. 

MZ: But, I have been assured Iraq plans to finish in the month of August. And banksers are still looking at around the 20th…..I hope that is accurate. And yes…I am an optimist. 

MZ: In Iraq “  The real reason Russia is ramping up oil production in Iraq”  I had no idea Russia had such a strong presence in the Kurdish region …This has been allowing Russia to get around a lot of sanctions. 

MZ: This may be why there is a big push to move US military to the Kurdish region….Could the Us be trying to throttle Luc oil from Russia??? This is a guess but to me this makes sense. 

Member: I am worried about all the US troops sent to Iraq this week….that they are there to stop the RV. 

Member: Couldn’t the US Military be in Iraq to serve as a protective detail, knowing what’s about to happen??

Member: Rumor is Iraq is joining BRICS on the 24th?

MZ: I have yet to find that. I have seen some references that they are seeking approval….but, nothing that says the 24th. They have clearly shown interest in joining  BRICS. 

Member:  If they are announcing they are joining BRICS…..It might already be a done deal. Imo

Member:  Curious to know, in the realm of conversations and happenings, what noteworthy gem or captivating piece of information has come your way?

MZ: I heard of someone who just had $174 thousand dollar student loan debt  wiped this week….its been confirmed……we are starting to see some movement.  We are seeing amounts just “removed”  …doesn’t exist anymore. 

MZ: this seems to be exceptionally sporadic.  I hypothesize that they are doing these “piecemeal”  to see what the behavior is of these folks. Does it spur spending?   I think what we may be seeing is the last of the research to know what to expect when Nesara/Gesara kicks in and we see major debt removal. 

MZ: “ Wells Fargo with 4K branches announces difficult choice to close 37 branches in 16 states”  With the QFS they are not going to need all these locations…that is why many are changing  how they look….The entire banking world is changing. 

Member:  Passed by a large Chase bank in Dover NJ yesterday. New glass doors say Wealth Management Center. For those who find it interesting…

Member: A small town about 5 miles from me just changed their bank over to a wealth management center.

Member: Banking story. was in a well fargo branch yesterday. banker also heard of big changes, but not officially from wells fargo.

Member: US BANK just informed me of wealth services available and changes current and full completion by Sept 1 2023 for transactions in few seconds timing- in a nutshell.

Member: My husband has US Bank also, and I don’t know if they are using FedNow, and what is backing them. They can say all they want that they are asset backed, although are they?

Member:  Crytohulk read a Texas bill last week that goes into effect September 1 for the implementation of a gold backed currency by the Office of the Comptroller

Member:  MarkZ are you going to publish the #800 numbers on your website? I'm for Europe are you going to publish for us as well?

Member: Recaps, Chronicles <Mark, Bruce, Frank , TNT ecct…will all probably post what they ccan…..noone will miss it. 

Member: Many still think Iraq will float. 

MZ:  My sources still believe straight to contract rates for us…

Member: Best to be prepared for both ways….just in case 

Member:  I PRAY HURRICANE HILARY DOES NOT CAUSE MASSIVE DESTRUCTION AND CHAOS ON OUR WESTERN BORDER STATES!!

Member: Also keep prayers going for everyone on Maui…..

Member: I pray for all of us the RV will happen this month...It's time for all people to live without the constrictions of needing money

Member: “And I will restore to you the years that the locust hath eaten” Joel 2:25

Member: Have a Blessed day Patriots, Mods and MarkZ.

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

"LOYALTY IS EXCHANGE FOR " HARAM MONEY", 17 AUGUST

 Loyalty In Exchange For "Haram Money"... A Phenomenon Perpetuated By The "Authority Of The Parties" And Combated By Integrity Mechanisms

Politics / Localities ||Baghdad today – Baghdad   In the past twenty years, corruption has dug deep roots in Iraq, and it cannot be controlled if there is no political will and consensus on that, in light of billion budgets that may not have reflected positively on the general situation in the country.

Corruption In The Iraqi State.

Al-Daami told "Baghdad Today", Wednesday (August 16, 2023), that "with every government formation beginning, political struggles begin over positions, bodies, and special grades, all the way to public directors, and this is unquestionable evidence that it is a struggle over the benefits that the parties and their officials obtain.".

He added, "Some of the benefits of parties and politicians are clear and exposed, while others depend on referring projects at specific rates to the influential parties, but on the other hand, there are those who do not continue in their position if they disagree with the party that adopts them."   He pointed out that

"following up on the number of arrest warrants issued against former ministers or their agents, in addition to the rest of the other positions, shows another picture of the extent of corruption," noting that "the Integrity Commission is working well and achieved important results in the last period by opening many files on the names of the corrupt.".

The Roots Of Corruption In Iraq

After 2003, Iraq witnessed a significant increase in the phenomenon of corruption.

Perhaps this is due to the nature of the circumstances in which it lived, especially the stage of the American occupation and the dismantling of the institutions of the Iraqi state, as well as the historical roots of corruption that formed the “first seed of corruption” to grow after 2003 for various and multiple reasons and provided the appropriate environment for the increase in rates of corruption. Corruption and its growing problem.

Integrity Mechanisms In The Fight Against Corruption

The Integrity Commission in Iraq has mechanisms and policies that differ and distinguish it from the rest of the competent authorities in combating corruption, with the presence of many constitutional and legal texts and materials that define the work of the Commission, as well as repeated demands for the Integrity Commission to be the pivotal institution in the Iraqi political system that guarantees the transparency and integrity of the political, administrative and legislative process.

The Integrity Commission is the investigative tool charged with combating corruption, and in turn drew mechanisms and policies in order to reduce the inflated rates of corruption after 2003, which are confirmed by local and international reports, which differ and intersect with each other by specifying a common percentage for the extent of corruption, despite their agreement on the exacerbation of this problem.

Years Of Peak Corruption 

Officials’ estimates vary about the value of what Iraq lost as a result of corruption, between 450 to 650 billion dollars after the US invasion of the country in 2003, most of which occurred between 2006 and 2014, in which Iraq witnessed huge corruption crimes, especially in infrastructure projects and those related to the housing and health sectors. Education, roads, bridges, energy and arming the army.

https://baghdadtoday.news/228831-الولاء-مقابل-المال-الحرام.-ظاهرة-تديمها-سلطة-الأحزاب-وتكافحها-آليات-النزاهة.html

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 17 AUGUST

 Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: Channel One says Iraq needs half of the existing exchange companies and banking needs to be rehabilitated.

FRANK: Yes they’re shutting them down left and right…they’re selecting which ones they will give licenses back to because they will need many money exchangers when the rate goes up inside of Iraq because they…will bring in their 3-zero notes and exchange them for the lower denoms because the lower denoms will be more powerful than the 3-zero notes and IMO more powerful than the American dollar.   Mark my word.

Article Quote:
“Many financial advisors in the government hope, with the release of budget funds, that next month will be a catalyst for the very large decrease in the dollar exchange rate.”

Well the CBI can’t do that.  How can you get a very large decrease in the American Exchange rate against the dinar?  By adding value to the Iraqi dinar exchange rate. Which is what they’re about to do. 

"THEY MUST FOLLOW "THE PROCESS" ALREADY SET UP TO DO IT..." , 17 AUGUST

 Mountain Goat

I…want to remind everyone again that when they do decide RV they must follow “the process” already set up to do it as I was told in 2011 by   Dr Shabibi.  Also…all the other past rate changes… article after article came out afterwards telling us about them. This is what will happen again. Folks the RV, when it happens, will NOT be a secret. Get it? It will be sudden and swift. 

In summary the process begins in Iraq with the project to delete the zeros. Once they complete this project they must wait and watch for inflation (1 -2 weeks), then if all goes well, they will trigger the reinstatement to FOREX. So, I am told right now we are waiting for yet one more rate change from the 1320 to around 1000. I think more like 1100ish, 1166ish… The rate of 1320 is very close to it…

MilitiaMan (KTFA)

There was an article…41 million forged dinars seized by the Kurdistan region.  41 million dinars isn’t a lot of money right?  But what it was was 41 million 25,000 notes that were seized that were forged. Why would somebody do that?  They would do that because they’re trying to figure out a way to game the system because they know something’s changing.

They’re going to have to be able to get to the stage, ‘Look are we going to do the allocations for the 2023 budget…? Are we going to disperse that money?  Are we going to spend it?’  They haven’t done that yet. They’re not going to be able to buy all those widgets at 1310, build those bridges and all those different things.  It just doesn’t work…

MarkZ

[via PDK]

It’s exceptionally quiet on the RV front…A lot of them say things appear to be on schedule …but nothing more than that…We have the Iraq budget scheduled to release on the 20th.

Question: I wonder are we going to see something this month?, or going into next month ?

MarkZ: I very much think we will see it this month.

Iraq is cleaning dinar off the streets…cleaning up…from counterfeit to illegal dinar…They have already taken in $1.4 trillion in dinar off the streets in the last few days. This is part of the same effort to support the value…they are getting rid of corruption…they are trying to control the dinar completely so they can justify a value change… they are working hard towards it… I believe its going to happen quicker than we think…They will go after the majority of the corruption then release the new rate. I think its imminent…Iraq has put themselves out there with projects…they need that change in value.

JUDY NOTE, 17 AUGUST

 Global Currency Reset:

• On Mon. 14 Aug. 2023 the ISO 20022 XRP & XLM Stellar Blockchain Digital Payment System went live for 200 countries – meaning that the old Cabal CBCD was disconnected and was switched over to the Quantum Financial System. Expect more bank closures and down times when ATMs won’t work.
• Wed. 16 Aug. Texas Snake: “A banker has his staff on alert, but not immediate alert. His outlook is that (the RV) will happen just before, or at the time that the currencies were announced as gold backed worldwide, with the possibilities that we would be advised to exchange within a day or two of that announcement. None of that exchanged currency would be released until that asset backed announcement was broadcast. My contact is the individual who is in charge of Exchange Centers, so he is way down the line of folks in the know, but he will be advised before the actual release so he can have his centers open and folks in place.”
• Wed. 16 Aug. MarkZ: “Pretty quiet from the groups, paymasters and bonds….we just hit what they are claiming is the new window yesterday. Bond holders expected to be paid by the 20th…at the latest.”
• Texas gold backed currency goes into effect Fri. 1 Sept.
• On Wed. 9 Aug. the new Iraqi Dinar Rate was believed to have revalued at a 1:1 with the USD and then began trading up on the Forex back screens.
• On Thurs. 10 Aug. the direct payment system was activated to send funds internationally person to person.
• Tier 4b should be notified to receive appointments to exchange foreign currencies and redeem Zim bonds within 48 hours of Bond Holders and before the BRICS Summit Aug. 22-24.
• The Gold/asset-backed USN was expected to be announced between Aug.18-21, or most certainly at the BRICS Summit in Johannesburg South African Aug. 22-24.
• “I just got confirmation from my sister-in-law, the new bank that she started working at told her today that the US treasury money would be released in a week’s time.” …RV Highlights on Telegram
• Wed. 16 Aug. ALERT: Digital Currencies Being Rolled Out NOW | Behind The Deep State (VIDEO) – American Media Group Behind The Deep State The Sinister Truth of Digital Currencies (amg-news.com)
• Wed. 16 Aug.: BOOM! A New List of Banks That are Connected to The QFS System or are Being Connected – QFS + RTGS Trust The Plan! – American Media Group BOOM! A New List of Banks That are Connected to the QFS System or are Being Connected – QFS + RTGS Trust the Plan! (amg-news.com)
• FIRST IRAQI BANK Launches Real-time Payment Service Visa Direct for Iraqi Consumers: https://www.prweb.com/releases/first-iraqi-bank-launches-real-time-payment-service-visa-direct-for-iraqi-consumers-301899221.html

BECAUSE THE RESTRICTIONS, CBI : " WE CANNOT INTERVENE IN THE MARKET TO LOWER THE EXCHANGE RATE", 17 AUGUST

Because of the restrictions.. Central Bank of Iraq: We cannot intervene in the market to lower the exchange rate 

   Wed, 08-16-2023, PM 5:36 Karrar Al-Asadi 270 

The Governor of the Central Bank of Iraq, Ali Al-Alaq, said on Wednesday that his country has made great strides in applying restrictions on the supply of the US dollar, but it is facing an uphill battle in light of a banking system that is not accustomed to strict controland currency smugglers sticking to their activities."It is really a battle because the beneficiaries of this situation and those affected (by the new measures) will try in various ways to continue their illegal activities," he added in an interview with Reuters.

Al-Alaq did not mention Iran by name, and said that he did not have data on the volume of dollars smuggled from Iraq to Iran or any neighboring country, including Turkey and Syria, before the United States tightened the rules in November 2022.

US actions aimed at imposing sanctions on Iran are a sensitive issue in a country that has long been on the front line of the rivalry between Washington and Tehran.  Al-Alaq said Iraq's reserves are more than $100 billion , but he cannot intervene freely in the market to lower the exchange rate due to the restrictions.Last month, US officials said the US Treasury and the Federal Reserve blocked 14 Iraqi banks from conducting dollar transactions as part of a broader campaign to smuggle dollars into Iran through the Iraqi banking system.  Al-Alaq said that the transactions that led to the sanctions took place in 2022, before the launch of a new platformaimed at improving transparency. 

The Iraqi Central Bank also imposed stricter regulations on dollar transfers, requiring dealers to enter an online platform and provide detailed information about the final future of the transfers.  He added that he central bank was conducting a review of the banking sector and would implement new regulations and rules that he said would likely see some banks closed.

"It will be very normal in the coming period to see a decrease in (the number of private banks)," he said.  He said, There are always side effects, but at the same time we have a responsibility to protect the country's interests by trying to find the necessary means of monitoring and oversight so that we do not expose the country to any issues on this front." 

https://www.non14.net/public/159368 

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US PRESIDENT BIDEN’S ADMINISTRATION TALKS ABOUT A (360) PARTNERSHIP WITH IRAQ

Last week, the American capital witnessed the first Iraqi-American meeting on “joint security cooperation”. The title appears to be a repetition of slogans, but in reality it is a turning point in US-Iraqi relations.

Twenty years ago, US-Iraqi relations were that of an army that invaded the territory of another country and overthrew Saddam Hussein’s regime, then faced the rebellion, then left according to an agreement and returned to confront ISIS, and now he wants the Americans to work only to help the government in this last mission.

A senior official in the US Department of Defense confirms that the United States understands that the mission against ISIS will end, and therefore the two sides began to discuss what comes after this mission.

360 degrees

The joint statement issued at the end of the talks at the Pentagon building talks about a “360-degree comprehensive partnership,” and a senior official at the US Department of Defense said, in a meeting with reporters after these talks, that the “promised” relations could include “bilateral and multilateral military exercises, exchange Information and intelligence exchange, and of course selling US-origin weapons and helping the Iraqis maintain this equipment and follow up on its proper use for border protection and other operations.”

These American proposals carry with them many challenges, the most important of which is that the Iraqi forces will be an army similar to the American army. Engaging in bilateral or multilateral exercises means that the elements of the two armies will speak the same language. As for the exchange of information, especially intelligence, it means that the two parties will work after the stage of combating terrorism to be two friendly armies, exchanging confidential information and each side is confident that the other party will not misuse it, and that this information will not be leaked to a third party.

Iraqi transformation

The Americans now see that the Iraqi forces are forces with a good ability in counter-terrorism affairs, and the great challenge for both sides will be to transform this Iraqi military force into an army that works with the Americans in achieving the goals of “integrated deterrence and regional security,” according to the American official, which is what he meant when he spoke. To the journalists, “Iraq becomes part of the structure of American-Arab cooperation to protect the airspace, lands, and waters from any aggression, whether by a state or by terrorist organizations.

These matters should not be viewed as new for the Americans, as the current President Joe Biden, when he went to Jeddah in the year 2022, the countries of the Gulf Cooperation Council were present, and Iraq was also present, along with Jordan and Egypt, but the external and domestic pressures that Iraq is exposed to put it in a different category.

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How to Profit as Stocks Fall, 16 AUGUST

 Chris’ note: Stocks are taking a bath again today. That’s down to another hawkish speech on rates from Fed chairman Jay Powell. It’s more bad news for buy-and-hold investors. But it’s great news for traders.

As I’ve been showing you, traders look forward to days like today. That’s because they can profit as stocks rise or fall. And they can be in and out of a trade in days.

It’s all in today’s insight from Market Wizard Larry Benedict. He made $95 million for clients of his hedge fund in 2008. And last year, as another bear market raged, he gave subscribers of his One Ticker Trader advisory the chance to close out the year up 240% on cash.

What’s his secret sauce? Read on to find out…

---

Most folks think you can only profit on stocks in bull markets.

But as I’ve been spreading the word on, that’s not true.

Although buy-and-hold investors need rising stock prices, traders can profit in either direction. 

The big gains usually come when stocks drop… And we see more of those drops during bear market conditions like we’re living through today.

For instance, this year I’ve given my subscribers the chance at returns of 39% and 54% closing out trades on a falling Nasdaq.

I know this is new for a lot of people. So today, I’ll show you how I gave my subscribers the chance to close out a 62% gain in just a week as one of the world’s biggest stocks took a dive.

It’s a classic example of the “mean reversion” trades I love to make.

Playing the Snapback

Stocks tend to revert to their long-term average after they make dramatic moves.

So, I look for stocks that have overshot in either direction… and profit when they snap back toward their average.

That’s what happened to blue-chip tech stock Microsoft (MSFT) after it overshot to the upside last month.

Take a look…

From early January to its peak in February, MSFT rallied 26%. But as it reached a new high (upper orange line on the chart), I could see its momentum had peaked (lower orange line).

That’s thanks to the Relative Strength Index (“RSI”). It compares the strength of a stock’s move on up days versus down days. This points to oversold and overbought conditions.

And when price and momentum diverge, a change of direction is not far away.

MSFT’s chart wasn’t the only reason it was due a fall…

False Narrative

As I’ve been showing my readers, there’s a false narrative that inflation is no longer a problem.

This has led to the hope that the Fed is about to stop hiking rates.

This would be good news for Microsoft and other tech stocks, which tend to perform best in low-rate environments.

But on February 14, the Consumer Price Index (“CPI”) reading for January came in hotter than expected.

This pulled the rug out from under MSFT… and the broader tech market.

That’s bad news if you’re a buy-and-hold investor. But it provided the perfect setup to profit from a fallin Microsoft’s share price – what’s known as a short position.

On Tuesday, February 14, I recommended subscribers of my Opportunistic Trader advisory open a short position on MSFT by buying put options. These are side bets on the movement of stocks that increase in value when the stock falls.

The stock market was closed the following Monday for Presidents’ Day. And when the market opened again on Tuesday, February 21, I sent out an alert to sell that MSFT put option, closing out the trade for a 62% gain.

I didn’t capture the entire move lower. But I’d rather book a profit for my readers and leave some money on the table than let those profits slip away… or turn to losses.

There were two reasons why I closed out that trade… 

Extra Oomph From Options

When a blue-chip like Microsoft gaps down like this, bargain hunters start to buy, pushing the stock higher.

By closing out the trade, we avoided the risk of that scenario playing out.

The other reason goes back to the chart I showed you. Here it is again…

My exit point coincided with the RSI testing support (green line). If the RSI had shot higher, it would have sent MSFT higher, too. This would have taken away some of our profits.

It’s important to note that this 62% return was from trading an option contract. Options give you “leverage” – or extra oomph – over the move in the stock price.

If I had directly shorted shares instead, the return would have been lower.

That’s the benefit of using options. You can amplify the returns you make over a short span.

And it’s why I’m so excited about my Shockwave Summit that airs tomorrow.

Circle Your Calendar for March 17

It’s all about a wave of volatility scheduled to slam into the market on March 17.

That’s bad news for many investors.

But if you know how to play these shockwaves as a trader, this volatility is to your benefit.

Just like our MSFT example, we can find points where stocks become oversold or overbought… and profit when they snap back.

To learn more… including my favorite ticker to trade in these market conditions… you can go here to sign up to attend for free.

It kicks off at tomorrow night, March 8, at 8 p.m. ET. So, clear some time in your schedule to come and join me.

That will give you plenty of time to prepare.

You can RSVP with one click right here.

Regards,

Larry Benedict
Editor, The Opportunistic Trader

https://www.legacyresearch.com/the-daily-cut/how-to-profit-as-stocks-fall/