Coffee with MarkZ and Andy Schectman. 11/08/2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Wednesday 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

Coffee with MarkZ and Andy Schectman. 11/08/2023

Member: Hoping to hear more confirmations from bond people and Iraqi sources today. Every day feels like Christmas Eve and we are waiting for 800 numbers wrapped in a bow to be left by our fireplaces

Member: Remember..The chinese like the number 8..lets goooooo

Member: 11/11 sounds like a date the Chinese would also like !

MZ: Historic bond folks are still looking at rumors of liquidity for the next couple of days. They are still being told to expect “full economic receipt” and being able to spend it with no strings. I am getting that from 2 bond people 

MZ: I know a number of group leaders have been traveling for this thing….but, they are not giving me any specifics. They have been cracked down on what they can say and NDA’s.They have been leaned on hard to not leak the timing of this event. To me this means timing is “sooner” rather than “later” 

Member: For years these  people been "traveling" They must be so tired!

MZ: I am still believing this will all go at one time…..at least 109 currencies all at one time is what I was told….including the ones we want.  

Member: New video on youtube states dinar is $5.61 and dong is $4.87

MZ: I think that dong rate is high but, believe that dinar rate is possible.

MZ: “US adds Vietnam to currency monitoring list” Why so?  Well they have high amounts of USD they could dump and a trade imbalance. They are a little afraid of their trading partners. 

MZ: “Banker sounds alarm on more inflation. New financial crisis at Hong Kong summit” These are folks from the top of the business sector and they all got together. They all forsee a financial crisis. And just one event could trigger it. 

MZ: “Americans are absolutely drowning in debt. This really is the worst debt crisis in all of US history” We have been very irresponsible with our spending….including the US government. There is nowhere to go but a reset. 

Member: the fed reserve system is a debt system hence the debt note called the federal reserve note you cannot payoff debt with more debt

Member: I read When Gesara/Nesara happens, all debt is wiped out? Mortgages? Visa?Some income tax money given back? People not with the RV will still be able to receive from Gesara/Nesara.

Member: NADER just put out a good video. According to him Iraq will be International and on Forex in a few days.

Member:  yes- Nader said IQD is going international in a couple of days !!

MZ: That is huge and I continue to get the same from my Iraqi sources as well. 

Member: Nader said all currency foreign and domestic will have to be registered via serial numbers….on international forex in 48 hours.

Member: Militia Man mentioned 7th, 8th, 9th for Business in Iraq, so I'm thinking after tomorrow ?

Member: The WTO vote on Iraq is tomorrow I believe. 

Member: Has anyone seen the new currency? Has anyone seen anything to prove an RV ever happening?

Member: I believe we are already looking at our new currency because of the gold jug that is on the face of the $20's and higher bills. They are part of the new batch of 2013's and 17's.

Member; I am still hopeful- the USN bills are true. 

Member: 3 day weekend, starting Friday… FYI! 

Member: Wishing all a great HUMP day. Continuing to pray for our blessing.

Andy Schectman joins the stream today…Please listen to the replay for his opinions and information. 

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

The government issues new instructions regarding the dollar exchange rate mechanism, 8 NOV

 The government issues new instructions regarding the dollar exchange rate mechanism

11-8-2023

The government issues new instructions regarding the dollar exchange rate mechanismInformation / Baghdad..

On Tuesday, the Council of Ministers held its forty-fifth regular session headed by Prime Minister Muhammad Shiaa Al-Sudani, while taking a set of decisions regarding the dollar price mechanism and maximizing the state’s imports.

The Office of the President of the Council stated in a statement received by “Al-Ma’louma” that, “In the course of government action to regulate financial transactions based on the dollar, the Council agreed to amend Paragraph (3) of Cabinet Resolution (23545 of 2023) regarding the dollar exchange rate mechanism, to become according to The following: With regard to Iraqi borrowers from government banks (including the Iraqi Trade Bank) in the US dollar currency, these banks are committed to repaying their loans at the official exchange rate (1,320 dinars) for every US dollar from the borrower, provided that the Central Bank of Iraq strengthens the banks’ accounts in dollars for transfer purposes. The external exchange rate, and at the official exchange rate, according to its need, and this procedure applies exclusively to loans that were disbursed before the issuance of this decision.

As part of the government’s efforts to combat corruption and recover stolen funds, the Council of Ministers agreed to “issue instructions to facilitate the implementation of the provisions of the Iraq Money Recovery Fund Law No. (9) of 2012, based on the provisions of the Constitution and Article (9) of the aforementioned law, taking into consideration the proposals.” set forth in the draft project submitted by the Iraq Assets Recovery Fund, and the notes of the Legal Department in the General Secretariat of the Council of Ministers.”

In the direction of working to maximize the state’s imports, the Ministry of Commerce was approved to sell (49,624,767) kg, or forty-nine thousand six hundred and twenty-four tons, and seven hundred and sixty-seven kg, of damaged wheat that is not suitable for animal consumption, and to export it outside the country for final disposal, provided that Its release shall be under the supervision and follow-up of the National Security Service, provided that the sale is made at public auction for export purposes, and that the price is determined by the Estimation Committee formed in accordance with the Law on the Sale and Rent of State Funds, in accordance with the procedures stipulated in Article ( of this law, and the amount shall be transferred to The Public Treasury, according to Paragraph (3) of Cabinet Resolution (360 of 2022).”

The recommendation of the Ministerial Council for the Economy (230276 Q) was also approved as follows: Approval of what was stated in the letter of the Ministry of Agriculture dated October 5, 2023, regarding the sale of the remaining quantity of premix amounting to (1,113,955) kg, one thousand one hundred and thirteen tons and nine hundred and fifty-five. kg, belonging to the General Company for Agricultural Equipment, without public bidding; Because it is highly perishable, based on the provisions of the Law on the Sale and Rent of State Funds (21 of 2013), provided that the aforementioned ministry bears the financial and legal consequences and the accuracy of the information.”

As well as “the Ministry of Agriculture’s scrutiny of the reasons for purchasing quantities greater than the actual need.”

The Council voted to “address the debts owed by the Ministries of Defense and Interior and the Popular Mobilization Authority, regarding medicines and medical supplies from the Ministry of Health/The General Company for Marketing Medicines and Medical Supplies (Kimadia), through coordination between the Ministry of Health and the relevant authorities, and providing the Ministry of Finance with what supports these debts.” The amount will be secured this year/2023, or next year/2024.”

almaalomah.me

A Deep Dive into India’s Currency Dynamics Amid Global Market Shifts, 8 NOV

A Deep Dive into India’s Currency Dynamics Amid Global Market Shifts

The Indian rupee’s stability despite fluctuating oil prices, the impact of Russian crude oil discounts on Indian refiners, and the forecasted movement of the rupee against the U.S. dollar form the core of the provided information. Additionally, the analysis includes insights on the Indian economy, foreign exchange rates, and the impact of global factors on the Indian market. Let’s delve deeper into these key aspects and their implications.

Indian Rupee and Oil Prices

The Indian rupee’s resilience in the face of fluctuating oil prices is a significant observation. Despite the drop in oil prices and the strengthening of Asian currencies, the rupee remained relatively unaffected. This stability is noteworthy, especially considering India’s heavy dependence on oil imports to meet over 85% of its requirements. The muted impact of falling oil prices on the rupee suggests a complex interplay of factors influencing the currency’s valuation. Continued dollar demand from local corporates and oil companies has been exerting pressure on the rupee, indicating the influence of domestic economic activities on currency dynamics.

Impact of Russian Oil Discounts on Indian Refiners

The analysis highlights the substantial savings—estimated at around 3.3 billion USD—achieved by Indian refiners through the purchase of discounted Russian crude oil. This development underscores the significant role of Russian oil in India’s energy landscape, with Russia emerging as the largest source of oil imports for India. The deep discounts offered by Russia in the wake of geopolitical events have positioned the country as a primary supplier of crude to India, surpassing traditional suppliers like Iraq and Saudi Arabia. The cost-effectiveness of Russian oil imports, coupled with the scale of India’s crude oil consumption, underscores the strategic implications of this shift in oil trade dynamics.

Forecasted Movement of the Indian Rupee

The forecasted movement of the Indian rupee against the U.S. dollar provides valuable insights into the expected trajectory of the currency. Despite India’s robust economic growth projections, the rupee is anticipated to trade near record lows against the dollar in the coming months. This forecast reflects the expectations of FX strategists and the Reserve Bank of India’s potential interventions to support the currency. The nuanced analysis considers factors such as the impact of global central bank policies, oil prices, and geopolitical developments on the rupee’s valuation. The forecasted range of the rupee’s exchange rate against the dollar offers a comprehensive view of the currency’s anticipated performance.

Economic Implications

The interplay between oil prices, currency dynamics, and global geopolitical events holds significant implications for India’s economy. The stability of the rupee against the U.S. dollar, despite external volatilities, reflects the resilience of India’s currency markets. The substantial savings achieved through discounted Russian oil imports are poised to have far-reaching effects on India’s energy security and trade balances. Additionally, the forecasted movement of the rupee underscores the interconnectedness of domestic and global factors shaping India’s currency markets.

Key Takeaways and Future Considerations

The insights gleaned from the analysis provide a nuanced understanding of the intricate relationship between oil prices, currency dynamics, and India’s economic landscape. The strategic shift in India’s oil imports, driven by discounted Russian crude oil, underscores the country’s adaptability to global market dynamics. The forecasted movement of the rupee against the U.S. dollar necessitates a comprehensive approach to managing currency risks and ensuring economic stability amid external uncertainties.

In conclusion, the analysis offers a comprehensive view of the Indian rupee’s stability, the impact of discounted Russian oil imports, and the forecasted movement of the currency. The intricate interplay of global energy markets, currency dynamics, and economic projections underscores the complexity of India’s economic landscape. As India navigates the evolving global economic environment, a nuanced understanding of these factors will be essential for informed decision-making and strategic planning.

https://bnn.network/finance-nav/currencies/a-deep-dive-into-indias-currency-dynamics-amid-global-market-shifts/

Dinar RV Breaking News🔥Iraq’s Solutions to End Dependence on the Dollar ...

Coffee with MarkZ and Andy Schectman. 11/08/2023

Goldilocks' Comments and Global Economic News Tuesday Evening, 8 NOV

 The Central Bank of Iraq decided to resume the sale of gold bullion and coins, starting Wednesday, November 8, 2023, via an “electronic platform.”

The Central Bank of Iraq confirmed that government and private banks can apply to buy gold bullion and coins via (an electronic platform designated for this purpose), indicating that their sale will be in accordance with the instructions and controls issued by the Central Bank of Iraq.

Central Bank of Iraq   Information Office   https://cbi.iq/news/view/2463

BREAKING NEWS

CHINA ADDED TO ITS GOLD HOLDINGS FOR THE 12TH STRAIGHT MONTH IN OCTOBER

THE CENTRAL BANK ADDED ABOUT 23 TONS

China has gold fever.

Read: https://x.com/goldtelegraph_/status/1721817507349364886?s=46

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"Inter-Agency Working Group Releases New Report on Treasury Market Resilience Efforts"

Several mechanisms have just recently been changed to support the markets going into 2024 that allow the flow of money to move with more efficiency and profitability.

* Implement a Treasury buyback program

* More transparency on the secondary Market

* More information in the repo Market

* More clarity in reporting requirements

* Expand cross-margining efforts between central counterparties that clear cash and derivative transactions related to Treasury securities

Basically, we are witnessing restrictions made on to the Old Market being released to New Market modalities such as the use of local currencies around the world used as collateral.

More flexibility in BuyBacks giving investors quicker returns on their profit margins. 

And more...

The new digital trading economy is allowing these changes to take place to even the playing field for Professional and Retail investors.

© Goldilocks

https://www.cftc.gov/PressRoom/PressReleases/8820-23

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Central Bank of Iraq   Information Office   https://cbi.iq/news/view/2463

Following the launch of BRICSPAY, the BRICS system has been exploring the expansion of the Digital Yuan.

Currently, the movement towards leveling the playing field between the East and the West through the digital Yuan is underway.

Below, you will find a legislative bill link regarding proposed legislative changes to the world's reserved status.

© Goldilocks

https://watcher.guru/news/brics-china-exploring-cross-border-use-of-digital-yuan

https://www.congress.gov/bill/118th-congress/house-bill/556

CoinDesk Link

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READOUT: Financial Stability Oversight Council Meeting on November 3, 2023

U.S. Department of the Treasury Link

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BRICS nations see massive surge in global transactions
https://www.cryptopolitan.com/brics-massive-surge-in-global-transactions/

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(Bloomberg) -- "Oil edged up after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through the end of the year."

Saudi Arabia and Russia have recommitted themselves to extending oil supply curbs until the end of the year.

This will hold the price of oil to a higher level and not allow it to depreciate in the coming months as consumer spending wanes.

© Goldilocks

https://finance.yahoo.com/news/oil-edges-higher-saudis-russian-234810693.html

BRICS Trade Surges Ahead Of Enlargement: Report    Iran Front Page Link

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HOTTEL: World's First Fully Tokenized Asset-Backed Investment Coin Successfully Launched
https://comtex.com/?p=442893944

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House-passed bill includes Boebert measures blocking BLM oil, gas reforms, local leasing plans 

GJSentinel Link

BRICS Trade Surges Ahead Of Enlargement: Report    Iran Front Page Link

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HOTTEL: World's First Fully Tokenized Asset-Backed Investment Coin Successfully Launched
https://comtex.com/?p=442893944

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House-passed bill includes Boebert measures blocking BLM oil, gas reforms, local leasing plans 

GJSentinel Link

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UPDATE from Goldilocks:

The Oil Market is still in economic reforms.

Gold is being added as an economic form of payment on electronic platforms.

We still have electronic currency reforms in development.

And,  Banks are adjusting their Capital requirements to synchronize transactions between them and the markets.

We have never seen this much activity at the same time.

We are clearly inside a Global Currency Reset.

We are clearly still in process, but the final phases of these changes are within sight.

© Goldilocks

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BREAKING NEWS

CHINA WILL TIGHTEN RARE EARTH EXPORT CONTROLS, REQUIRING EXPORTERS TO REPORT RARE-EARTH TYPES AND THEIR EXPORT DESTINATIONS

Commodities…   Read: https://x.com/goldtelegraph_/status/1721936408691261668?s=46

https://dinarrecaps.com/our-blog/goldilocks-comments-and-global-economic-news-tuesday-evening-11-7-23

An American official from Erbil: Passing the oil and gas law is a priority for Washington, 8 NOV

 An American official from Erbil: Passing the oil and gas law is a priority for Washington

The new US consul in Erbil, Mark Straw, confirmed on Tuesday that addressing the revenue problem and passing the oil and gas law will be Washington’s priorities and agenda in Kurdistan.

A statement from the Ministry of Natural Resources, the regional government, said, “The Acting Minister of Electricity and Natural Resources, Kamal Muhammad Salih, received today the American Consul General in the Kurdistan Region, Mark Straw.”

The statement added, "The Minister of Electricity and Natural Resources thanked the United States of America for its role in resuming oil exports to the Kurdistan region, following up on solving oil and gas problems, expanding investment, and approving the federal oil and gas law with the Kurdistan region."

In turn, the American Consul confirmed, “We are closely following the process of resuming oil exports and we know that the suspension of oil has had a negative impact on revenues and citizens, and that addressing the revenue problem and passing the oil and gas law will be among the priorities of Washington’s policy and agenda.”

He expressed his "happiness with investing in the electricity, energy and oil sectors." link