Weekend News with MarkZ. 11/18/2023

Weekend 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

CBD Guru’s are on first…..Then Mark with the news about minute 45:00

Member:  Happy weekend. Good morning everyone

MZ:  The big news for those paying attention is “ Parliament convenes Special Session as alliance nominates  three successor candidates to Al-Halibousi” 

MZ: The overwhelming agreement is that Halibousi has been a major roadblock especially on the 3 paragraphs of the HCL…the Kurds and Baghdad. So they removed Al Halibousi who was wildly considered to be a roadblock and kept us from getting across the finish line with the HCL law. 

MZ: From my sources I feel very confident that he was the roadblock. It is very encouraging that he was removed and is being replaced. 

MZ: They continue to tell me they want this done by Dec. 1st. Let’s pray and hope this is accurate. 

MZ: The group side and the bond side are pretty quiet since last night. 

MZ: “Venezuela wants to become a full member of BRICS as soon as practicable-Foreign Minister”  This would go a long way in freeing them from all the US shackles and sanctions…..This would also allow Venezuela to strengthen its currency…and its good for us…..…This movement is forcing a reset to commodities…It forces what we want as we watch this progress. 

Member: When Venezuela is in Brics . Their country is liked a dragster waiting to do the Quarter mile.

MZ: “Egypt and India are exploring local currency settlements to strengthen economic ties”  This is more de-dollarization and they would deal together with their local currencies with no US dollars……we are now seeing this over and over again. 

Member:  HI Mark, in the news: Morgan Stanley CEO says his firm is ready for 'Basel III endgame'

MZ: “Dutch Central Bank admits it has prepared for a new Gold Standard”  If there is a financial crisis-the gold price will skyrocket and the official gold reserves can be used to underpin a new gold standard…..  says the Dutch National Bank…. 

MZ:  We know they have been preparing since the early 2000’s for a new gold standard. The fiat system is definitely on the ropes and it is inevitable they switch to gold. Don’t you love seeing confirmation on what we have been talking about for years?  They are preparing for a new Gold Standard!!!  Is everyone paying attention now?

MZ: Thank you Mark…..We hope and pray this is the weekend we are all waiting for. . 

Member: thank you mods we appreciate you…Everyone stay safe and have a wonderful weekend. 

“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.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND ! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

"RV UPDATE" BY MNT GOAT, 18 NOV

Mnt Goat 

  Wednesday intel call to my contact at the CBI:  I was told there was a TV media output broadcast that told the citizens the official rate of the dinar would be over $1 in the coming days.  They used the PM Al-Sudani in a speech like format to explain most of it...This is part of the education process. So, it did begin...I was told that the process of the revaluation is now in motion and they expect to begin issuing the newer lower denominations to the banks in exchange for the larger 3 zero notes...

when they do distribute the lower denominations to the public for circulation, they will start at the airports first...they are only going to use dinars exclusively as of January 1st, 2024 in Iraq. This is also why they needed and allowed to let the banks now hold other foreign currencies besides dollars.   

.Iraq is just moving now to standard protocol in money exchanging. This is such fantastic news. As of January 2024 there will be no more program rate...There will be no more dollars taken by any merchant in Iraq...But what is the timing of the switchover, I asked?  First let me say it is not going to be a sudden switchover all at once, as many of us anticipated. 

I was told it would be more gradual and has already begun. So, there is no turning back...Based on this latest conversation with my CBI contact, it could be said that they might be planning to RV prior to January...I will tell you I have never received such good information before... \

The agreement arrangements with Abu Dhabi have ended and the Iraqi banks will deliver dirhams - the Central Bank, 18 nov

 The agreement arrangements with Abu Dhabi have ended and the Iraqi banks will deliver dirhams - the Central Bank

 The official news agency, quoting a source in the Central Bank, said that Iraq has completed the final arrangements related to the agreement with Abu Dhabi Bank, as part of the government’s efforts to control the exchange rate.

The source:

The Central Bank of Iraq finalizes the final arrangements for the agreement with the UAE’s First Abu Dhabi Bank.

It is hoped that the actual implementation of the enhancement operations for Iraqi bank accounts in the UAE dirham will begin next week.

The first phase of reinforcements will include five Iraqi private banks.

The number of banks is expected to double after evaluating the first phase of implementation, which may last for a few weeks. link

The Central Bank finalizes the arrangements for the agreement to strengthen five Iraqi banks with the UAE dirham, 18 nov

   The Central Bank finalizes the arrangements for the agreement to strengthen five Iraqi banks with the UAE dirham

 Today, Saturday, the Central Bank of Iraq completed the arrangements for the agreement to strengthen five Iraqi banks with the UAE dirham.

A banking source told the Iraqi News Agency (INA): “The Central Bank of Iraq has completed the final arrangements for the agreement with the UAE’s First Abu Dhabi Bank, and it is hoped that the actual implementation of the enhancement operations for Iraqi banks’ accounts in the UAE dirham will begin during the next week.”

The source added, "The first phase of the reinforcements will include five Iraqi private banks, and it is expected that the number of banks will double after evaluating the first phase of implementation, which may last for a few weeks."   link

Iraq Dinar - World Bank - Iraq Central Bank - BIS - WTO - Global Valuati...BY MILITIAMAN

After The Rapid Decline And Slow Rise...An Expert Denies The End Of The Dollar Crisis In Iraq Except Under Two Conditions, 18 NOV

 After The Rapid Decline And Slow Rise...An Expert Denies The End Of The Dollar Crisis In Iraq Except Under Two Conditions, 18 NOV

Economy |Baghdad today – Baghdad  Economic expert Nabil Al-Marsoumi confirmed today, Friday (November 17, 2023), that the dollar exchange rate crisis will continue because the government’s solutions are unrealistic .

Al-Marsoumi said in an interview with “Baghdad Today” that “the dollar crisis in Iraq will continue due to the continuation of the American economic sanctions imposed on Iran.”

He added, "After implementing the electronic platform system, it became difficult to transfer dollars to Iran, and since Iraq has trade with Iran amounting to about 10 billion dollars annually, and tourists and patients visit Iran and spend more than 3 billion dollars annually, there is difficulty in controlling the dollar crisis."

He stated that "only two solutions can restore stability to the dollar exchange rate and end the crisis, which is convincing the United States to allow the transfer of dollars to Iran, or searching for another source to import goods from countries that do not have embargoes or sanctions."

The dollar exchange rates declined rapidly 3 days ago from 166 thousand dinars to 155 thousand dinars per 100 dollars, before returning to a relatively high rate, reaching 159 thousand dinars currently.

The decline came due to market sentiment, after statements and reports about a package of measures and agreements between the Central Bank of Iraq and American, European, Turkish and Emirati banks, for the purpose of strengthening the balances of some Iraqi banks in advance in the currencies of the dollar, the Indian rupee, the Chinese yuan, the euro and other currencies, to expand the possibility of financing Iraqi trade and diversifying it instead of... Limited to the dollar.  LINK

A Deputy Reveals Three Risks Threatening The Iraqi Economy, 18 NOV

 A Deputy Reveals Three Risks Threatening The Iraqi Economy, 18 NOV

Information / Baghdad   Representative Ali Al-Lami warned, on Saturday, of Iraq's continued dependence on the sale of oil to finance its expenses, indicating that the continued penetration of corruption will lead to a major economic collapse in the country.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Al-Lami said in an interview with “Al-Ma’louma” that “Iraq’s economy has been facing serious complications for years that must be paid attention to,” calling for “the adoption of a road map that leads to reducing the risks of any international crises, especially with regard to oil prices, which represent more than 90% of treasury revenues.” ".

He added, "There are three risks that threaten the national economy: the corruption that has permeated state institutions and its large dependence on the sale of oil despite price fluctuations from time to time, in addition to the presence of 25 unofficial outlets in the Kurdistan region, which represent the largest smuggling front in the country."

He pointed out that "the danger of the unofficial outlets in the region is that they represent black loopholes because they are illegal and cause the livelihoods of six sectors, including agriculture and industry, to be directly robbed by flooding the markets with materials, which means huge losses for national production, which requires an urgent reconsideration that contributes to ending the issue of the outlets." "And push Baghdad to control it and force it to work in accordance with official instructions and conditions."

Iraq relies almost entirely on the sale of oil to secure public treasury revenues for spending and paying salaries. LINK