FIREFLY: Sudani being cleared to make trip to America
FRANK: IMO the Prime Minister of Iraq Sudani is being cleared to make a trip to the United States of America… When was the last time that happened? (When Maliki was shunned by President Obama and sent back to Iraq.)
FIREFLY: They are showing us on television how they are arresting the corrupt in…high up positions. We are seeing the former Oil Minister and several others that are being arrested and they still have warrants out for the former prime minister…
FRANK: There’s a lot of cleanup going on in your country and you see it…
FIREFLY: The CBI governor Alaq is on TV right now Channel One saying the trade with banned countries around us make the rise of the dollar. He didn’t say the name of the counties but we are wise. We know he’s talking about Iran… Turkey and Syria…Iran alone imports $10 billion of good for our markets. This makes the parallel market high on the dollar. Alaq is saying this is a struggle…he needs the United States of America to set up a way to trade with the banned countries to strengthen our dinar.
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.
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.
Thurs. 17 Aug. MarkZ: “I have been assured Iraq plans to finish in the month of August and bankers are still looking at around Sun.20th Aug.”
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.
Bruce: On Tues. 22 Aug. we should receive our notification for appointments and begin to go in for those appointments on Tues. 22 Aug. or Wed. 23 Aug.
The new USN will be out next week.
The fiat US Dollar can be used in US, Canada and Mexico for the next three months.
Tues. 22 Aug. Wed. 23 Aug. and Thurs. 24 Aug. is the BRICS Summit and major financial changes will be announced.
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.
Texas gold backed currency goes into effect Fri. 1 Sept.
On Thurs 17 Aug. evening $769 million was liquidated from the crypto market in 30 minutes.
Thurs. 17 Aug. or Fri. 18 Aug. the Bond Holders were to receive new NDAs. They have to sign and return those NDAs to Wells Fargo by Fri. night 18 Aug.
Bond Holders to receive emails Sat. 19 Aug. that would give them access to funds on Mon. 21 Aug. or Tues. 22 Aug.
Over the weekend President Trump will be receiving guests from six countries including Iraq.
The new Dinar Rate could come out on Sun. 20 Aug. or Wed. 23 Aug.
On Mon. 21 Aug. we will have 3-5 major announcements by President Trump including NESARA, the new asset-backed currency USN and other political announcements. GESARA may also be announced.
Those announcements will come over the Emergency Wireless System, Emergency Broadcast System and Emergency Alert System.
If the Mainstream Media does not report this accurately, the Military will take over to insure they are to be made.
There will be major changes in our Stock Market on Tues. 22 Aug.
Be prepared for the possibility of a lot of things happening on Tues. 22 Aug, Wed 23 Aug. and Thurs. 24 Aug.
Zim holders have a fixed rate we will receive on our Dinar and Dong.
On Tues. 22 Aug. we should receive our notification for appointments and begin to go in for those appointments on Tues. 22 Aug. or Wed. 23 Aug.
The new USN will be out next week.
The fiat US Dollar can be used in US, Canada and Mexico for the next three months.
Tues. 22 Aug. Wed. 23 Aug. and Thurs. 24 Aug. is the BRICS Summit and major financial changes will be announced.
Approximately 85% of countries around the world will be part of BRICS and have their own gold/asset-backed currency.
WHAT IS THE RELATIONSHIP OF CENTRAL SALES OF CURRENCY WITH THE EXCHANGE RATE OF THE DOLLAR? AN EXPERT CLARIFIES AND ACCUSES OF “BLACK MONEY TRANSFERS”
The Central Bank of Iraq’s sales in the hard currency auction witnessed a fluctuation between high and low, amid a state of panic in the local markets, following the continued rise in the exchange rates of the dollar, and the decline in the value of the Iraqi dinar.
Today, Thursday (August 17, 2023), the Central Bank of Iraq’s sales in the “dollar” currency auction amounted to about 192 million dollars, while yesterday, Wednesday, it amounted to (193,716,083) million, and last Tuesday it reached (183,890,982) million, and last Monday the bank sold (201,236,671) million. , which indicates a clear increase and decrease in sales.
Central sales and exchange rates
Today, Thursday (August 17, 2023), the expert in financial and banking affairs, Nasser Al-Kinani, explains the impact of the decrease and increase in the Central Bank’s sales on the dollar prices in the local market.
Al-Kinani told “Baghdad Today” that “the decline and rise in sales of the central bank certainly has a significant and direct impact on the exchange rate of the dollar in the local market,” adding, “But this decrease or rise does not affect if it is for a few days, because it depends on continuity.” rise or fall.”
The parallel market and black transfers
And the expert in financial affairs indicates that, “The problem of the high exchange rate of the dollar in the parallel market has nothing to do with the issue of the central bank’s daily sales percentage, but rather this matter has to do with the continuation of sending black remittances outside Iraq.”
And he stresses that “without stopping these transfers and finding solutions to this problem, it is not possible to control the exchange rate of the dollar in the parallel market.”
And experts in the financial affairs point out that the banks affiliated with the political parties are behind the dollar crisis in Iraq, stressing that they are working “black transfers” and some illegal banking moves.
Experts explain that the “political protection” of some of these banks is a reason why they are not held accountable by the competent Iraqi authorities, noting that US sanctions are imposed on them, to prevent “misuse of the dollar . “
And in the event that these banks continue to operate outside international standards, this means, according to the specialists, “the imposition of new US sanctions on new banks during the next stage.”
Earlier, Prime Minister Muhammad Shia al-Sudani revealed the details of the dollar crisis, which he described as a “battle”, announcing at the same time the arrest of a network of “major speculators” linked to speculators in the Kurdistan region .
Japan's second-quarter GDP for 2023 has surged due to robust exports and a significant inflow of tourists, indicating that the country is emerging from its Covid slump. While these factors contribute to the impressive growth, concerns arise from declining imports and reduced private consumption, casting a pall on the optimistic figurers.
Superficial Growth in GDP?
According to BBC, the world’s third largest economy saw its GDP grow by an annualized rate of 6% in the second quarter of 2023, surpassing expectations. The growth marked the most substantial increase in nearly three years and was double the economist's projections.
The explosive growth within the country was fueled by an impressive export sector. However, the rise in exports was mainly backed by a weaker Yen, making Japanese goods cheaper for global consumers. Japan's currency has experienced a significant decline against major counterparts in recent months, plummeting more than 10% against the US dollar this year. A weakened currency also saw import levels falling about 4.3% from the previous quarter.
Japan’s economy was also helped by inbound tourists, which saw a boost after the government lifted its border restrictions at the end of April. By June, the country's national tourism authority reported that foreign visitor numbers had rebounded to over 70% of the pre-pandemic levels. Anticipated spending by tourists is poised to provide a substantial economic lift to Japan starting this month.
However, despite the remarkable growth, the government still faces challenges from falling private consumption levels, which make up more than 50% of the Japanese economy. In addition to the decline in export levels during July, these factors continue to raise concerns about the true extent of the economy's recovery.
Falling Domestic Consumption
Sayuri Shirai, an economics professor at Keio University and a former Bank of Japan board member, as quoted in the New York Times, pointed out that both households and corporations are cutting back on domestic spending, indicating challenges.
Per a New York Times article, domestic spending in Japan has not kept up with the strong export data. Domestic spending has decreased due to the yen's weakness. Japan relies heavily on imports for essentials like food and energy, and the yen's long-term decline against the dollar has raised costs, causing inflation levels not seen in decades. This currency depreciation is primarily due to Japan's persistently low interest rates in contract with the rate increases in the United States and other nations.
Exports Fell in July
According to Reuters, after witnessing growth in the second quarter, Japan's exports experienced the first decline in July after almost two and a half years. The main culprit was less demand for items such as light oil and chip-making equipment. This highlights the concerns regarding a global recession due to a weakening Chinese economy.
Recent data, released by the Ministry of Finance on Aug 17, show the 0.3% year-over-year fall witnessed in the month of July which, however, was less than the projected fall of 0.8% in exports by economists polled by Reuters.
Japanese officials are depending on exports to strengthen the economy and offset weakened private spending caused by higher prices. Yet, worries arise due to a potential sharper worldwide slowdown and China's struggling growth.
Policy Shift to Dramatically Change the Scenario?
According to a Reuters article, around 40% of Japanese companies anticipate the recent policy shift by the central bank will affect their fundraising, revealing their sensitivity to policy changes after years of significant easing.
The possibility of the Bank of Japan moving away from its super-loose monetary approach has stirred concerns about increased borrowing expenses in the third-largest global economy. Additionally, if long-term interest rates reach 1%, a level the central bank currently permits for 10-year bond yields, roughly two-thirds of businesses expect an impact on their fundraising.
ETFs in Focus
Those who seek to navigate Japan's economic landscape effectively, should track the below-mentioned ETFs closely.
iShares MSCI Japan ETF seeks to track the performance of MSCI Japan Index with a basket of 237 securities. Approximately 78.26% of the fund's assets are allocated to the large-cap segment, contributing to reduced volatility in relation to the economy. EWJ has amassed an asset base of $13.36 billion and charges an annual fee of 0.50%.
iShares MSCI Japan ETF has major allocations to the industrial sector with a share of 23.26%. The fund has a Zacks ETF Rank #3 (Hold) and a Medium risk outlook.
JPMorgan BetaBuilders Japan ETF seeks to track the performance of the Morningstar Japan Target Market Exposure Index with a basket of 267 securities. About 75.52% of the fund's assets are attributed to the large-cap category, which serves to mitigate volatility within the economic context. BBJP has gathered an asset base of $8.67 billion and charges an annual fee of 0.19%.
JPMorgan BetaBuilders Japan ETF has major allocations to the industrial and consumer discretionary sectors, with a share of 26.2% and 23.3%, respectively. The fund has a Zacks ETF Rank #3.
The WisdomTree Japan Hedged Equity Fund aims to offer exposure to the Japanese equity market while also mitigating the impact of fluctuations between the U.S. dollar and the yen. The fund has a basket of 435 securities and an asset base of $2.76 billion. DXJ charges an annual fee of 0.48%.
WisdomTree Japan Hedged Equity Fund has parked about 72.22% of its asset in large-cap equities, with a major allocation in the industrial sector (27.04%). The fund has a Zacks ETF Rank #3 and a Medium risk outlook.
Franklin FTSE Japan ETF seeks to track the performance of the FTSE Japan RIC Capped Index with a basket of 515 securities. BBJP has gathered an asset base of $1.55 billion and charges an annual fee of 0.09%.
About 67.99% of the fund's assets are attributed to the large-cap category, with a major allocation of 23.61% to the industrial sector. The fund has a Zacks ETF Rank #3.
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 Mark, Mods and members. Blessings to all.
Member: Happy Almost Weekend to everyone……
MZ: ”Iraq possesses 132 tons of gold reserves” They are continuing to stock up. I believe they are way closer than they are telling us.
Member: Iraq bought more US bonds today
MZ: Their stocking up on US bonds could give them more leverage.. .If they dumped those along with Operation Sandman this gives them leverage to make the Us let them go. Or they dump these bonds at a discount and the Us crashes …..or maybe they are increasing their negotiating position…..in order to ask the US to let them go.
MZ: there is a huge amount of clean up going on right now…
Member: Frank 26 wore oragne last night. means implementation
Member: What is Operation Sandman?
Member: That is when over a hundred of countries say they will dump their US treasury bonds all at once to crash the fiat system…….i was hoping it would have already happened.
Member: (From Dinar Guru) Intel Guru Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are showing us on television how they are arresting the corrupt in...high up positions. We are seeing the former Oil Minister and several others that are being arrested and they still have warrants out for the former prime minister... FRANK: There's a lot of cleanup going on in your country and you see it...
Member: Evergrande bankruptcy should crash the system. So I think we’re close.
Member: Evergrande has been about to collapse for a year now…..they keep propping it up
Member: I believe things will start to happen with BRICS next week.
Member: Dr Scott says it's coming. buckle up butter cups. I think he's in the know.
Member: Nader will be traveling to Iraq this month. He will stay in touch with us when he is in Iraq.
Member: Hang In There People. We Are Closer Than We Know. "Quitters Never Win & Winners Never Quit"
Markz will be on rumble on SATURDAYS ONLY so he can speak his mind. You will find him on YouTube during the week.
SATURDAYS GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home