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 Tuesday evening everyone.
Member: Sure seems quiet in Dinarland so far this week………pray it’s the calm before the RV storm.
Member: PM of Iraq Sudani is with Putin in Russia today…..maybe that is significant?
Member: Hoping Mark has RV news tonight….not just horrible world news.
MZ: We do have people from the UN in Iraq today. “UN Security council to discuss Iraq: budget ,security and .human rights on the agenda” They are telling us how well the discussions went. They say Iraq is making great progress.
Member: How can an RV or Nesara take place during war???
MZ: We were always told peace would suddenly break out all over when it happens. Stay calm during all this craziness going on.
Member: Pretty sure the Iraqi Dinar can re-evaluate without NESARA/GESARA and can go alone.
Member: Maybe this is this the Back Swan event we've been told would happen?
Member: I think the US is holding up the process.
MZ: I think they were…I don’t think they are now. I think they desperately need it now.
Member: Look at this way …WTO Not mentioned … budget not opened for funding .., can you see it ….both of these are centered on a RATE CHANGE …!!!!!!
Member: Pimpy said tonite that the US FEDERAL RESERVE is still in control of Iraqs money, Inotherwords there are still sanctions on their currency ( DINAR )
Member: Nader said that Pimpy is right.
Member: He said the timing is up to the US.
MZ: That’s good news…..guess what the US desperately needs right now for stability? They need Iraq to RV.
Member: I thought we wanted the cabal and the fiat system to crash…..if the US needs the RV for stability…sounds like we will still be using the fiat system…not good news imo.
Member: On a good note TNT Tony is saying Thursday or Friday
Member: Do you know anything about the Omega Prosperity packages?
MZ: Its supposed to go the same time as the RV…..and that they have been updating fines and penalties associated with Heritage, Omega and all the different Prosperity programs twice a month. They are prepared to go.
MZ: No news on the bond side today. It could be because I was traveling. I will let you know in the morning if I hear anything.
Member: I believe this is going to be a case of: Look over there! Hurry up and wait...annnnnd go!
Member: Kim Clements said it would RV when you think it couldn't get worse
Member: I am hoping and praying this goes soon, like many!
Member: Mark- After a really good nights rest I hope you’ll be on the plane back again:)
Member: Great night all …Thank you Mark…. thank you mods.
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
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.
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US State Department: We Did Not Issue Sanctions On Iraqi Banks, But Rather They Were Decisions To Strengthen The Banking System
Political | 10/10/2023 Baghdad - Mawazine News The US State Department affirmed Washington's support for the efforts of Prime Minister Muhammad Shiaa Al-Sudani in combating corruption and improving the financial sector, while noting that his upcoming visit to Washington represents a good opportunity to strengthen bilateral relations and enhance comprehensive partnership in all sectors.
US Deputy Assistant Secretary of State for Iraq and Iran Affairs, Victoria Taylor, said: "The visit I am making is my first time to Iraq, and I am pleased to be here to strengthen relations between the two countries."
She added, "Iraqi relations with the United States of America are strategic and long-term, and we support the war waged by Iraqi Prime Minister Muhammad Shia al-Sudani against corruption, which is a very good goal and a common priority."
She continued, "Washington supports the Prime Minister's effort to improve the financial sector and make it transparent, which was supported by the dialogue conducted by the US Treasury Department with the Central Bank of Iraq to strengthen the banking and financial sector and improve the Iraqi economic reality, which will benefit Iraq by developing its international relations and attracting investments."
She pointed out that "what was issued by the United States on some banks were not sanctions in the literal sense, but rather were decisions that provided ways and means to strengthen the Iraqi banking system in order to maintain transparency in transactions in general and find good ways for the presence of the dollar in the markets."
She pointed out that "the United States is working with Iraq in various security, economic and environmental sectors, and there was a meeting of the Iraqi-American Coordination Committee that focused on the economic and security files during the visit of high-ranking Iraqi delegations to the United States," stressing that "we are awaiting the visit of Prime Minister Muhammad Shia al-Sudani to discuss "To more opportunities for joint cooperation between the United States and Iraq."
BAGHDAD, Oct 5 (Reuters) – Iraq’s central bank is taking steps to reduce the parallel market rate of the dinar to the U.S. dollar and there is no indication that the exchange rate will hit 1,700 dinars per dollar, the Iraqi central bank said in a statement. The Iraqi central bank also said that a ban on cash dollar withdrawals as of Jan. 1, 2024 would only affect dollar transfers from abroad, while the account balances of Iraqi citizens in dollars would not be affected. The statement came as a response to a story published earlier Thursday by Reuters.
STATUS OF THE RV
Sometimes “CHANGE IS HARD”
“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.”
-Jimmy Dean
Today the news is almost all about the dollar crisis in Iraq and the CHANGE that must take place. I hate to keep saying it but it is true in that “I told you so”. Yes, years ago when Dr Shababi, the then governor of the Central Bank of Iraq, wanted to reinstate the Iraqi dinar and get off the US dollar he too first undertook the de-dollarization phase. If I refer back to his 2011 plan for the currency reform I can clearly see it is there and how they intended to do it. He made great strides in controlling the dinar and the dollar back then and had to make some hard decisions too. If you want to recall he used a variety of tactics.
At that time Dr Shabibi did an extensive campaign to de-dollarize and stable the rate the dinar, however in 2011 the dollar was not as cemented into the economy as it is today and the full Iranian sanctions were not in place. So, his strategy worked and the CBI received an unprecedented permission to move ahead with the project to delete the zeros in the fall months of 2012 and then follow up with the reinstatement in January 2013. In 2015 he gave a news media interview and stated why his plan failed. He could only account for the massive incentive to stay on the dollar (or get back on it) caused by the corruption that caused the failure of his plan. I will not get into the details as to why this happen again in the corruption scheme by Nori al-Maliki to prevent it is not my talking point today. I am sure you heard it a thousand times already.
My talking point today is about this dollar crisis Iraq and how it is now experiencing it in simple terms, caused by still being on the US dollar through these currency auctions and being on it way too long already. Seems the corruption schemes have taken deep roots and Turkey, Iran, Syria and other middle eastern countries have become dependent on the dollars smuggled out of Iraq’s financial system. This too is going to be painful for these other countries when the dollar stops in Iraq in early 2024.
In an article in today’s news and I quote – “Since the U.S. invasion of Iraq two decades ago, the U.S. has supplied $10 billion or more a year to Baghdad on semimonthly cargo flights carrying massive pallets of cash, drawn from Iraqi oil sales proceeds deposited at the Fed. In Iraqi hands, the bank notes have become a lucrative source of illicit dollars for powerful militias and corrupt politicians, as well as for Iran, U.S. officials say.” A vast amount of dollars flows through loosely regulated Iraqi banks and currency-exchange shops, which U.S. and some Iraqi officials say are rife with fraudulent transactions and money laundering.” Remember countries pay for Iraq’s oil in Petro-dollars (US Dollars) and so this money rightfully belongs to Iraq. Why are they still on this system when they are out of Chapter VII? Why does the US still control their money are they not a sovereign nation?
Dr. Shabibi warned the Iraqi Financial Committee (a separate financial entity from the CBI) of the hazards to the economy and the corruption if they did not get off the US dollar when he was still governor in 2011 and then again in 2015, after he was already illegally ousted from that position in the CBI. Hey…hey…. by the way, the reason we were given for the currency auctions being instituted by the US Treasury in the first place was to keep the dollar out of the hands of the terrorist sanctioned countries in the middle east? Seems to me this strategy has backfired on them and they are now paying the price. Now the US Treasury states this as the main reason for the de-dollarization. Go figure was this a good idea or is this just the excuse /reason given to try to justify the currency auctions, knowing damn well it would be an avenue for corruption and stealing their money! ☹
Change is not easy and as investors in the Iraqi dinar we have witnessed first-hand in 2023 the pain of this change that MUST take place. The goose that is laying the golden eggs is on its last breath and almost dead. I said ALMOST! I dare say too “once again” as Dr Shabibi already suffered through it and then they dollarized again and so here we are eleven years later still no RV and still no Reinstatement.
In today’s news we learn that Iraq was seeking a special shipment of $1 billion in cash from the Federal Reserve Bank of New York, but U.S. officials have withheld approval, saying the request runs counter to their efforts to rein in Baghdad’s use of dollars and halt illicit cash flows to Iran. Then yet another article came out later by the CBI tells us something much different and I quote – “the Central Bank of Iraq denies the us federal reserve’s refusal to send the country’s oil dues and confirmed on Friday that the dollar shipments sent by the US Federal Bank are proceeding according to a specific schedule and timings agreed upon between the two monetary institutions adding that the shipment was received on time, denying news and media reports that talk about stopping or reducing shipments sent to the bank“. So, who is lying? Does Iraq also have a FAKE news media channels and for what purpose do they hope to serve?
To me anyhow, it is obvious who the FAKE news in Iraq serves. It serves the corrupt and by bashing the Central Bank they hope to get consent to oust Ali Al-Alaq as the governor and to destabilize the dinar, hoping to keep their racket of corruption going with the US Dollar. It is really that simple. They need to split public opinion, as we are watching the same tactics now being used too in the US politics over Donald Trump and many of his close ties. Seems if you can’t nail down who the actual corrupt individuals are, then it is much easier to keep them in power. We see this with the Bushs, Clintons, Obamas and now the Bidens. Of course, these same rings of corrupt politicians exist in Iraq and so they must also be rooted out and dealt with. Just like what the US now faces, we have to ask is the new and still fragile Iraqi democratic republic strong enough to deal with them?
I get a kick out of questions asked of me like – when will the RV happen? Folks, there is no other news I can tell you about the timing of the RV that I have not already shared with you. I have no hyped fake bank stories, memos or 2 hour targets for the RV for every day and any day. I am so tired of all this bullshit. Do you know why? Because it’s all just bullshit and I know it. Some guru actually has the nerve to tell his audience that the RV was held up on Sunday because of the Palestinian attack on Israel. Really? How stupid of a thing to say. First of all, this is the same idiot who has been claiming the RV is going to happen every weekend since the summer months. Oh….but he is now so certain it was going to happen last Sunday for sure? Next, I have to tell you the RV was absolutely, positively NOT scheduled and if it was, this idiot would certainly would be the VERY LAST person they would tell of a target window.
Folks this is all FAKE news no matter how serious the people may sound on their conference calls who are giving you this bullshit. There is NO behind the scenes efforts like they describe. Yes, there is still a plan in motion, the plan of Dr Shabibi and this is why they want to oust Ali al-Alaq so much from the CBI. Seems every week yet another article bashing the great work of the CBI and Ali al-Alaq’s efforts. He knows the plan and worked in the CBI alongside Dr Shabibi. When I heard he came back as governor I saluted him as I know he is going to help facilitate what we are looking for and not prevent it.
So, today, like you, I sit and wait for the re-education phase to begin. My CBI contact is on the committee in the CBI to facilitate these events and the phases they must take to get where they want to get – back on FOREX and trading the dinar once again. But I am not going to lie to you and tell you bank stories coupled with some FAKE US Treasury stories.
If you are trying to figure this process out just remember – “first things first”. We can not and will not see the reinstatement on FOREX until the pre-cursor events first take place. We cannot go to the bank until the rate is back on FOREX. The rate is not just going to magically appear on FOREX one day without us first hearing about these other events taking place. There is a sequence to the process they MUST go through to get to FOREX.
But this brings us to another important point. If the UN Chapter VII sanctions have been lifted from Iraq, then why has the currency not yet been reinstated? Why have they not gone through these steps already to RV and Reinstate? Why do the banks still enforce the US Treasury OFAC sanctions on the dinar? If you are paying attention to the articles I am presenting here in my blog, the answers to these questions should be VERY obvious to you. Are they?
It is now almost all about stabilizing the dinar against the dollar inside Iraq. I believe also the Oil and Gas law must be passed so honestly, I don’t know where these intel gurus get their information that the RV is happening every day. Just as I said that politics do interfere with the progress of the RV as politicians blackmail Iraq and have been blackmailing Iraq for a very long time. It is not until these entities are neutralized that we will finally see the RV followed by the Reinstatement.
Shafaq News / Russian President Vladimir Putin revealed on Tuesday the volume of Russian investments in Iraq, stating that it amounts to $19 billion, with over 50 Russian companies operating in Iraq.
Putin made this announcement during talks held on Tuesday in Moscow with Iraqi Prime Minister Mohammed Shia Al Sudani, who arrived in the Russian capital earlier in the day.
Putin pointed out that Moscow and Baghdad are successfully coordinating within the OPEC+ framework with the aim of stabilizing global energy markets, stating, "We are coordinating our efforts within OPEC+ and doing so very successfully to achieve stability in the global markets, and I hope that we will continue to work in this direction."
The Russian president also added that the energy sector is a key area of cooperation between Russia and Iraq, which is a member of the Organization of Petroleum Exporting Countries (OPEC).
Regarding the volume of Russian investments in Iraq, Putin stated, "Our major companies are operating very successfully in Iraq, with our total investments amounting to approximately $19 billion. There are prospects for further developing our cooperation."
Moscow and Baghdad share strategic and historical ties, with nearly 50 Russian companies currently operating in Iraq, including "Lukoil" and "Gazprom Neft", the oil subsidiary of the Russian company "Gazprom."
Russia is currently executing a large project to rebuild and modernize a glass and ceramic products manufacturing plant in the city of Ramadi in al-Anbar governorate. An industrial alliance of Russian companies has begun practical implementation of this project on behalf of the Iraqi Ministry of Industry and Minerals.
Article: "The Iraqi Central Bank issues a warning to banks regarding dollar deposits."
A fresh edict from the central bank...Spelling out that the citizens have the right to redeem their deposits in the banks and that the monies are guaranteed and it is their inherent right to do so through or by the year 2024.
None the less the unprecedented crowds ensued...What is unusual is...the way the Central Bank exposed those [banks] that didn't have the money on hand were apparently found to be speculating with depositors funds in dollars. That is not good and there will be consequences.
The Central Bank is now going to take measures against banks that abstain from taking care of their obligations to the citizens.
Article quote: "The United States has warned Al-Sudani's government eight times publicly ...American side has provided ample evidence the majority of buyers of the dollar are smuggling it out of the country to Iran, Syria and Lebanon."
Local and private banks don't have the dollar. You're going to see how that plays out...The request for a specific cash [$1 billion] was denied by the Federal Reserve Bank...The black market is the problem and they just got pinched...
I think the US Federal Reserve Bank, US Treasury, Central Bank of Iraq and Al-Sudani got fed up and tired and saidwe're going to fix it whether you like it or not...the black market will go away if they do this properly.
Article "Director of Al-Sistani’s Office: The authority warned against corruption and called for combating it, but there is no life for whomever you call for."
WOW!! When the Supreme Religious Authority, Ali al-Sistani, speaks of a fatwa to follow laws...the people that fit the shoes and ware them better be careful to make things right and quickly..Failure...will likely have significant consequences...
He issued a fatwa that money any employee or official obtains in violation of the law is forbidden.Also, wasting public money and appropriating it, or illegal disposal of it, is forbidden. That is some heavy stuff. Think of all those that are guilty in the line up..
[NOTE: The Arabic word fatwa refers, in simple terms, to an edict or ruling by a recognized religious authority on a point of Islamic law.]