FIREFLY: Television special is saying we are seeking monetary sovereignty over the dollar.
FRANK: Can't get any more straight forward to the point than that can we. When they say the word Monetary they mean money...They want your currency to dominate...They have told you after January 1st you will not be using anything but your sovereign national currency. To me that sounds like a currency that has great pride in being announced to the world. A currency that is about to go up in value. It does not sound like the continued sanctioned, programed rate that has robbed you citizens of your future...
FIREFLY: Sudani has statement to us citizens to be on watch for change in the dinar pricing for goods in our market.
FRANK: Realize that Sudani is telling you there is a change coming to the exchange rate of your sovereign national currency...He told you to look for it. That is simply amazing. It is part of the monetary reform education that is so loud even the man on the moon can hear it.
FIREFLY: Sudani didn't say the amount of the change that will occur, whether it was small or large. He just told us to watch in our markets for the dinar to increase and the plan they had to devour the parallel markets is all but complete.
FRANK: [Happy fist pump yes!] How much time is there left!?
Economic: For these reasons, dollar prices are gradual declining
On Saturday, the economic expert, Safwan Qusay, suggested that control over the exchange rate would continue and that it would gradually decline, attributing this to the fact that Iran and the sanctioned countries now have common financial systems that reduce the demand for the dollar from the Iraqi market or other markets.
Qusay told “ Jarida ”, “The policy of diversifying currencies at the level of Iraqi banks and the desire of merchants to obtain goods immediately away from the electronic platform by dealing in the Emirati dirham, the Turkish lira, the Indian rupee and other currencies, which can reduce the waiting period for these merchants.” Thus, part of the demand that was fed through the parallel market, especially for small merchants, withdraws into the banking system, and thus the demand for the dollar in the informal market gradually decreases.”
Qusay expressed his hope that “the Central Bank’s measures will succeed in finding an appropriate mechanism to deal with imports from the sanctioned countries, through the joint account window with Oman or Qatar, to feed the private sector, especially the Iranian one, with a portion of the funds supervised by the US Federal Reserve, so that the dollar will decline in the informal market.”
It is clear, according to Qusay, that “Iran has gradually found alternatives to the local market. It is dealing with Russia directly and with China, and part of the reason for the gradual decline, which may be below 1,500 during the coming period, is that the Iranians and the sanctioned countries have joint financial systems that reduce… “Demand for the dollar from the Iraqi market or other markets.”
He explained, “The volume of trade exchange with the Iranian side for the year 2023 decreased to 6 billion, while it had reached 10 billion dollars annually or more. This indicates that Iranian merchants have begun to deal with other countries such as China, India, and Russia, and thus the demand for those who trade has decreased.” By exporting goods and recovering their money from the informal market.”
At the conclusion of his speech, Qusay suggested that “control of the exchange rate will continue and it will gradually decline until it returns to the regular price, even after a while.”
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: Merry Christmas to all!
Member: Happy Christmas Adam……(Tomorrow is Christmas Eve) LOL
Member: I got some exciting news from a bond holder-They had a notary come over yesterday to sign papers for Reno
MZ: There is very interesting and back and forth in the historic bond market right now. Some people are being told very different things then what others are being told.
MZ: Pretty quiet from Iraq so far today. One of my sources believe the local elections had some effect on our timing and are finishing the ballot counting before they release rates. If hes accurate…the counting should be finished in the next day or so, Possibly as early as today.
Member: Are you hearing anything on the Venezuelan Bolivar?
MZ: We are hearing some interesting things on the Bolivar. “Venezuela unveils official exchange rate for sovereign bolivar” It appears they are making moves to prop up their currency in a big way…..
Member: The bolivar is now showing on the XE currency converter 35.471 to 1USD
MZ: That is a substantial change in value. Unfortunately we cannot exchange it yet…but we are looking for places.
Member: I went to the bank the other day and they told me exchanges are not taxed. This is in Canada.
Member: Exchanges should not be taxed…but, be prepared.
MZ: That’s the way I look at it. We have shared this memo from the US State Dept. directly about Iraq. Go to section 6 Financial Sector: The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.” https://www.state.gov/reports/2022-investment-climate-statements/iraq/
MZ: MilitiaMan just came out with wonderful recap on articles from Iraq this week. He is pointing out all the business and countries now dealing directly with Iraq. Be sure to go watch it.
MZ: Nader is doing a live Q&A right now…be sure to go listen to that as well
Member: Wolverine said his high up contact Mauricio said we're going to have a very merry Christmas.
MZ: “The election results will witness changes after the special vote is counted” They are finishing the counting of local elections …
MZ: I have one source in Iraq who believes they will release the rate in Iraq as soon as they finish seating these new electees. Possibly in a day or so or as early as today.
MZ: “ BRICS : US dollar reserves fall 6.5%, but local currencies rise 3.65 %” Amongst the BRICS countries they are unloading their US dollars to support their local currencies.
MZ: From Watcher Guru and the official BRICS twitter account posts this “ How Bitcoin can help the BRICS alliance ditch the US dollar” In other words crypto/blockchain coins can help them break the western hegemony. This one is important to pay attention to. It’s the future of money.
Member: I am hearing lots of stories about “rates on bank screens” but how many can actually exchange now?
MZ: Maybe a handful if the bank teller messes up. But then I would guess it would be corrected or reversed until it is time.
Member: Merry Christmas everyone. Hope everyone has a blessed weekend and can be with family and loved ones. Thanks for all you do Mark and Mods.
Member: Merry Christmas to All and to All, a good night.
Member: And God Bless us everyone!!!
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Question from Gavin: Did your CBI contact have anything to say about the Frank26 video? Do you know the agency that supposedly put it out and if it is legitimate? Thank you – Gavin
Mnt Goat Answer: Yes, I did bring that up in one of my last conversations with my contact and I was told it was produced by the committee and was one of the first videos in a series they planned to roll out. So they already began the education process and have yet more commercial like videos even detailing the process of the swap-out of the currency and what the newer lower notes will look like. However, for now the project to delete the zeros was suddenly put on hold and that is where it now stands.
Question from Diane: GM, MG! And Merry Christmas! One question. If EU countries will be swapping currencies with IRAQ, I assume it won’t be at a value of 1/6 of a penny, is there a way that we could in the U.S., go to one of those EU countries, exchange our dinar for their currency, open a bank account in that country, then either wire funds to our U.S. bank accounts or use a debit card from that EU bank? There must be away around the FOREX and U.S. Treasury. IF Iraq has found a way, we should be able to as well.
Mnt Goat Answer: Frohe Weihnachten to you too Diane. Thanks for the comments and question. Any EURO coming into Iraq is coming in as an exchange of IQD 1320 to whatever equivalent that would be in EUORS. Please be patient as you will be able to exchange the Iraqi dinar you hold in time. You don’t have to come up with elaborate schemes. Please read my conversation with my CBI contact from 12/16.
In a decisive stance following Angola’s exit from the Organization of the Petroleum Exporting Countries (OPEC), key African member nations have stepped forward to solidify their allegiance to the oil-producing consortium. Iraq, Nigeria, and the Republic of Congo, representing a significant share of the continent’s oil output, have each vocalized a robust commitment to OPEC’s collective mission. This chorus of support underscores the strategic role the organization plays in maintaining equilibrium within the global oil markets.
Unity in the Face of Change
Amidst the backdrop of Angola’s departure, it is the Republic of Congo that has emerged with a clarion call for solidarity. The nation’s Minister of Hydrocarbons, Bruno Jean-Richard Itoua, articulated the necessity for unity and cohesion among member states. The sentiment is echoed by Nigeria, Africa’s largest oil producer, which has been the subject of a contentious production quota reduction for the year 2024.
Nigeria’s Unwavering Commitment
Nigeria’s Minister of State for Petroleum, Senator Heineken Lokpobiri, has been at the forefront of the country’s response, declaring an unwavering commitment to OPEC. Despite a production cut bringing Nigeria’s output down to 1.38 million barrels per day (bpd), Lokpobiri’s resolve remains firm. His pledge to facilitate stability and sustainability in the oil market is a testament to Nigeria’s dedication to OPEC’s overarching goals.
Nigeria aims to surpass its OPEC production target by 2024, setting an ambitious objective of at least 1.8 million bpd. This target not only reflects Nigeria’s aspirations within OPEC but also its intent to engage constructively in ongoing dialogues, addressing national concerns while aligning with the group’s objectives.
Addressing Production Quotas and Market Stability
The issue of production quotas has been a sticking point, particularly with Angola’s cited reasons for exiting the organization—low investment and underperformance in production capacity. Nigeria, in contrast, is taking proactive measures to avoid similar pitfalls. By aiming for a production quota that exceeds the allocated 1.5 million bpd for 2024, Nigeria is positioning itself as a contributory force in the collective pursuit of market stability.
As the dynamics of the energy market evolve, Nigeria’s Junior Petroleum Minister has emphasized the country’s staunch dedication to OPEC’s initiatives. The commitment to maintaining, and indeed increasing, production levels is a clear indication of Nigeria’s strategic approach to its role within OPEC, as well as the broader global energy sector.
It looks like Japan has begun the process of utilizing a Digital Platform in trading Securities in their country. The age of tokenized assets being traded on digital platforms has begun.
This announcement came just 2 hours ago, and they plan to begin their trades on Christmas Day.