The latest FOMC meeting notes recently told us that quantitative tightening or the holding on to higher interest rates for longer will be used until the midpoint of the year.
It is one of the ways the Fed lowers their balance sheet and creates liquidity for the markets. So far, we are being told that their intentions to begin the process of lowering interest rates will begin sometime in May or June.
June is the most likely scenario as MICA stablecoin and crypto regulations in Europe will be completed by that time. The lowering of interest rates will create a bull market, and the markets are expected to do very well with this pivot.
It will give more purchasing power to the dollar, more purchasing power to our tokenized assets, and more purchasing power to Gold. We will be inside a new digital economy by that point. Many of the global assets will be digitized by that time and expected to be at 90% by the end of the year. The growth of the new economy is expected to commence the second half of this year allowing our money across the world to begin noticing more liquidity inside the Forex markets.
Iraq's Leap into Digital Transformation: A Collaboration with Visa Paves the Way
In a bold stride toward modernization, Iraq's Prime Minister, Mohammed Shia Al-Sudani, has pledged to prioritize economic and banking reforms, spotlighting a recent collaboration with Visa that aims to revolutionize the nation's payment landscape. Amidst a backdrop of ongoing economic challenges, this partnership could herald a new era of prosperity and financial inclusion for the Iraqi people. Seizing the Digital Future During a notable meeting with Visa's regional president for the CEMEA region, Andrew Torre, Al-Sudani expressed his government's dedication to enhancing electronic payment technology and digital transformation within Iraq. The Prime Minister took pride in the government's recent nod to the electronic payment system, a move that is set to redefine the Iraqi economy. Visa's role in this transformation has been pivotal, not just in expanding electronic payment technology but also in empowering Iraqi workers through comprehensive training in the electronic payment ecosystem. Visa's Commitment to Iraq's Economic Reform On his part, Torre conveyed Visa's enthusiasm for bolstering Iraq's economic reform efforts. Visa's commitment to introducing advanced payment solutions and technologies, sharing expertise, and generating employment opportunities for Iraqis is unwavering. One of the most ambitious goals is the establishment of 500,000 acceptance points for electronic payments across the country, a leap that could significantly enhance the ease of doing business and consumer convenience in Iraq. The collaboration with the Central Bank of Iraq and the broader banking sector is seen as a cornerstone of this initiative. Challenges and Opportunities Ahead Despite the clear benefits of moving towards a digital economy, the transition poses challenges, especially for a segment of the Iraqi workforce. The phasing out of cash transactions threatens the livelihood of workers like Ali, who relies on tips for a significant portion of his income. Experts, however, argue that the benefits of electronic payments, including reduced corruption and enhanced efficiency, far outweigh these concerns. The shift to electronic payments is not just about convenience but also about creating a more transparent and accountable financial system in Iraq. The collaboration between Iraq and Visa marks a significant milestone in the country's journey towards economic modernization and digital inclusion. While challenges remain, the potential for positive change is immense, promising a future where financial empowerment and innovation pave the way for prosperity.
Iraqi Government and Visa forge alliance for digital payment advancements
Shafaq News/ On Thursday, Iraqi Prime Minister Mohammed Shia Al-Sudani expressed the government's commitment to economic and banking reform as a top priority.
Al-Sudani's media office said that the prime minister received Andrew Torre, Visa's regional president for the CEMEA region when he commended the collaboration with Visa in advancing electronic payment technology and digital transformation.
Al-Sudani emphasized the government's dedication to economic and banking reform, noting the recent approval of the electronic payment system by the Council of Ministers.
Furthermore, he praised the company's role in expanding electronic payment technology and contributing to the education of Iraqi workers involved in the electronic payment process.
On behalf of Visa, Torre expressed the company's eagerness to continue collaborating with the Central Bank of Iraq and all entities within the Iraqi banking sector, highlighting Visa's commitment to supporting Iraq's government plans for electronic payment and economic reform.
In addition, Visa's regional president pledged to introduce advanced solutions and technologies to the market, offering expertise and increasing employment opportunities for Iraqis at Visa's Baghdad office to establish 500,000 acceptance points for electronic payment across Iraq.
America will stop maintaining Iraqi tanks and aircraft… a warning from the Security and Defense Committee
America will stop maintaining Iraqi tanks and aircraft... a warning from the Security and Defense CommitteeBaghdad – 964
A member of the Parliamentary Security and Defense Committee, Yasser Watut, said that the United States will stop supplying Iraq with military equipment, and will freeze maintenance operations and maintenance training courses for aircraft, tanks, and others, to put pressure on Baghdad in the issue of removing foreign forces, while he pointed out that Washington over the past years has obstructed the army’s efforts. He called on the Iraqi government to diversify its sources of weapons and arsenal, calling on the government to put pressure on the United States to prevent it from “blackmailing Iraq” in this file.
Watout confirmed, in a statement to Al-Arabi Al-Jadeed, followed by the 964 network , that “the most prominent file of current American pressure on Baghdad regarding the issue of removing foreign forces is armament,” as the file is “sensitive to Iraq, and America realizes our need for its various weapons and equipment.”
Wattut points out that, “Over the past years, Washington has obstructed the Iraqi army’s efforts to diversify its sources of weapons and its main arsenal, and there have been attempts to diversify to avoid falling under this pressure.”
He says, “The United States was intervening to prevent the completion of these deals with Eastern and European countries, so that this file would remain confined to its control and it would press through it with many files, and today it is exploiting it in dialogues with the Iraqi government in order to end the presence of its forces.”
He warns that “the United States will stop supplying Iraq with military equipment, and will freeze maintenance operations and maintenance training courses for aircraft, tanks, etc., which will render the weapons ineffective in a short period.”
He believes, therefore, that “the Iraqi government must put pressure on America to continue military interaction in accordance with the agreements signed between the two parties, and keep this file away from blackmail and threats.”
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 Thursday Evening……hope everyone had a good day
Member: Hey MarkZ…..I don’t know about anybody else but I could use a little encouragement about the RV!! Please
Member: Maybe Mark not telling any RV news is good….maybe things are about to pop?
Member: Frank says watch between the 26th through the 29th of Feb
MZ: This one is 2 days old but: “The Sudanese received an official letter from America regarding the scheduling of the end of the tasks for the international coalition” We believe this is the final step for Iraq to become fully sovereign and increase the rate of the dinar. They didn’t give a date but imply its sooner rather than later.
MZ: “ Prime Minister Al Sudani received on Thursday (today) US Senator Christopher Coons and discussed with him a strategic framework agreement between the 2 countries and the end of the task of the international coalition according to a timetable. (Which they have not given us)
MZ: “BRICS states to ditch USD in 95% of trade” A year ago this was a pipe dream-right? 95% of their trade this year was without the US dollar….This is a massive change on how money moves around the world.
Member: When you turn off the noise of why nothing is happening, you hear God saying I’ve got this. And you know all is well..
Member: Good night and God Bless
SEE YOU ALL BACK TOMORROW MORNING. MR. C AND THE GURUS JOIN MARK! BYE ALL!
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