Coffee with MarkZ. 03/04/2024

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

MarkZ  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

Member: Good morning my beautiful RV family, Mark Z all mods

Member: Any big news over the weekend’

MZ: I have a lot of sources expecting it to break loose in the next 2 days of this week…hope they are right. 

Member: I read there is a big chance of the Iraq RV going by Ramadan on March 10th. 

MZ: I can tell you there is a tremendous amount of chatter …there is a big push and many groups expect it by then…but nobody knows the exact timing. 

Member:  I am still expecting the first basket to all go at once including Zim!

MZ: the chatter is very encouraging and we see things all coming together. And all the articles from the financial world and banking world point to the need for asset backed currency 

Member: Mark did you hear anything on Dinar being traded on FOREX

Member:  Nothing showing on currency converter

Meember: From what I heard it appeared on the forex on the institutional side for about 15 minutes at $2.70 and then went back up to 1310

Member: I saw on the forex non public side last trade of IQD 2.70. so I think that is good news. do you know when Kuwait did that the time frame I thought it was just a few days?

Member: So what I heard, does it make sense that we have to wait for the Forex to start so the whole exchange to begin? That means that the public will know, and really mad, that they didn’t get in on this

Member:  We need to keep in mind that no matter what gurus may claim to know, we all absolutely know that only 10 people really have the true information and they know not to spill the beans.

MZ: Some fun stuff coming from Nader about Al Sudani talking about electronic collections. And streamlining their government …and they do point out that they are stabilizing rates and the financial situation in Iraq is at its best. And how they are better off now then before Sadaam Hussein.  He is laying the groundwork for that currency rate

MZ: From MilitiaMan  over the weekend there was lots of talk about foreign currency trades and smoothing  out the electronic system to be able to do that one…..he goes into price change expectations …..be sure to go watch and share their  videos. 

MZ: “Iraq customs begin implementing the ASYCUDA automation system to run the Qsar Port”  This is the same system they use at Baghdad International airport  and other places. It continues to roll out.  

MZ: If you are an Iraqi person right now….they have to be excited that they will soon have more money for goods and services soon.  But it’s got to hurt knowing for all these years the corruption from public officials hat was skimming off the top. These electronic systems will be stopping all of that. 

MZ: “ Exclusive: Deutsche Bank to file liquidation suit against Chinese developer Shimao-Sources say”  This occurred last week on Mar, 1st. We are alrady expecting a suit to be filed against Country Garders….and seen one against Evergrande which is moving forward….These are 3 of the top 5 property developers in China.  25% of their GDP is from the real estate sector which has imploded.  This is huge. 

MZ: It’s almost as if we are watching the reset in real time.

MZ: “Anne Vandersteele: “Banking Collapse Imminent-The reset has begun”  Effective March 26, 2020- the Federal Reserve board reduced requirement ratios on all net transaction accounts to zero percent eliminating reserve requirements for all depository institutions.”  The near term bank financing disappears in 7 days on March 11th. Or midnight on the 10th is when those things cease to exist. This was a really interesting breakdown by Ms. Vandersteele. On March 11th there will be no more money to loan out and the Fed gets to pick and choose who gets to loan out money and who will collapse. 

MZ: I believe the controlled implosion has stated and we are watching it as we speak. 

MZ: “The US national debt is rising by 1 Trillion about every 100 days”  or $3 Trillion per year.

MZ: US debt clock.org hosting “The Great Jubilee”  debt to wealth or transformation”. Don’t you love it…somebody is telling us its coming….

Member:  Did you hear on Huckabee Friday night he talked about Nesara? During the monolgue he said we need to get rid of income tax and have a flat tax on new products.

Member: I feel like a kid on Christmas morning just giddy and really excited

Member: Dear God Let this be our week….

MZ: Our week is starting out with a bang already!!!!!

StacieZ joins the stream today. Please listen to the replay for all her information 

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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

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

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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. 

"THE DOLLAR HAS MANIPULATED EXCHANGES RATES AGAINST OTHER FOREIGN CURRENCIES" BY MIKECRISTO8, 4 MARCH

@MIKECRISTO8 

Again, the fiat dollar has manipulated exchange rates against other foreign currencies as to why bitcoin will never be held by foreign central banks.

The Gold RV will dethrone the fiat dollar and dollar liquidity will crash (by 95%), And bitcoin will be all wash up as liquidity dries up to the U.S. Treasury bond default.

Quote

Matthew Pines

@matthew_pines

·

12h

Replying to @MikeCristo8 and @LawrenceLepard

If you care for a nuanced analysis that doesn’t scream in all caps, see this discussion I had with Dr. Ferranti (whose paper on the subject was reviewed by Ken Rogoff): x.com/matthew_pines/…

"RV UPDATE" BY TEXAS SNAKE, 4 MARCH

 TEXAS SNAKE

Not that this is of material value immediately but the banker is indicating those above him are indicting he is within a short window to beginning his scheduling of currency exchange appointments.  Will keep you advised as info proceeds.

As had been stated I will be participating in a planning call tomorrow evening, I mentioned this to the banker, his comment was "don't get to excited but you may get filled in on some news should I hear anything from above tomorrow."

"RV UPDATE" BY POMPEYPETER, 4 MARCH

 PompeyPeter 

  Yeah, Iraq could come out at 1310 internationally on Forex.  A man could land on the sun or pigs could fly.  In other words the odds are slightly better than those two scenarios but in the opinion of most people it will not happen.

  Here's why:  Sudani stated clearly that the dinar was worth more than the dollar and the value of the dinar would be higher than the value of the dollar.  That ain't 1310 to $1.  Secondly, Sudani said Iraqi's dinar would be the solution to the world's financial and economic problems.  Not at 1310 it's not.  Three, if they come out at 1310 it's impossible for the tripartite budget to work.

🔥Live Dinar Trading International Rate $2.70 Dollars On Monday | Iraqi D...

"ANALYSIS OF IRAQ NEWS: Central Bank Governor Ali Al-Alaq calls for making private sector collections through electronic payment" BY FRANK26, 4 MARCH

 KTFA

FRANK: "KTFA FAMILY... EPS AT ITS BEST FOR THE MONETARY REFORM!!!"..........F26

Central Bank Governor Ali Al-Alaq calls for making private sector collections through electronic payment

3/1/2024

 

The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed today, Friday, the presence of great interest and interaction by Prime Minister Muhammad Shiaa Al-Sudani, urging state institutions to make electronic payments, while noting that the volume of funds collected from state institutions indicates the success of the electronic collection project.

Al-Alaq said, “We are standing on an important station at the national level, which is electronic payment,” indicating that “the issue relates to economic, regulatory, supervisory, and stimulating aspects of investing resources or funds instead of being outside the banking and financial system.”

He pointed out that "electronic collection is an important pillar in activating electronic payment because of the presence of institutions, multiple services, fees and fees, and many services that can save costs, organize and control them through electronic payment methods for which the Central Bank provides the infrastructure and makes it applicable."

He added, "There is an effort at the national level that requires the combined efforts of all institutions, and there is great care, interest, and interaction from the Prime Minister, who is following up with the Central Bank and the concerned authorities to urge ministries and state institutions to interact with this major project."

He stressed that "the numbers mentioned regarding the use of electronic payment indicate that the launch was very successful, and reflect that the issue is moving in the right direction by including all state institutions concerned with collection with the application of electronic payment."

He explained that "the numbers reflected all state institutions and provided electronic collection, and the amount of funds indicates success," expressing his hope that "the scope of application will expand to include all private sectors."

He pointed out that "there is a great response from the federations and concerned private and public economic bodies to advance this large national project and its multiple episodes," stressing that "the Central Bank is working on multiple levels in order to reach important leaps."

LINK

Promoting stability: The importance of the assets of the Central Bank of Iraq, 4 MARCH

 Promoting stability: The importance of the assets of the Central Bank of Iraq

Researcher Shatha Khalil*
When reports show that the assets of the Central Bank of Iraq have risen to 207 trillion Iraqi dinars, it is more than just a financial statistic; It symbolizes an enormous store of wealth under the supervision of the central bank. This massive figure reverberates across Iraq’s economic landscape and defines a pivotal role for the central bank in directing the country’s monetary affairs. Let us delve deeper into the implications of this important event and the complex mechanisms underlying the management of these assets.

In the world of central banking, assets include a variety of financial instruments and holdings, ranging from foreign currency reserves to gold reserves, government securities, loans to commercial banks, and a variety of investments. These assets serve as the bedrock of a central bank’s operations, giving it the ability to navigate the ebbs and flows of the economy deftly.

With assets amounting to 207 trillion Iraqi dinars, the Central Bank of Iraq stands as a formidable custodian of wealth, armed with resources that have the potential to stimulate economic stability, regulate the money supply, tame inflationary pressures, and strengthen the Iraqi currency’s exchange rate. Iraqi dinar. Such financial prowess enables the central bank to exercise its influence wisely, intervene in the economy when necessary, and adhere steadfastly to its mandate of promoting monetary stability and stimulating economic growth within Iraq’s borders.

However, behind this veneer of financial strength lies a maze of complexities that govern central bank asset management. One pivotal aspect involves the issuance of cash, a core function of the Central Bank of Iraq. By selling cash to various government and private agencies, the Central Bank drives the wheels of trade, as the Iraqi government emerges as the first buyer of this currency in circulation.

Amid the specter of financial balance, a dilemma looms surrounding the Iraqi government, which is the dissonance between sources of revenues and expenditures. Iraq, which relies mostly on oil, finds itself in a paradoxical trap where US dollar-denominated revenues conflict with expenditures mostly in Iraqi dinars. This contradiction underscores the pivotal role played by the central bank in bridging this financial gap, an achievement achieved through skillful management of foreign currency reserves.

The strategic deployment of excess foreign exchange reserves emerges as a key pillar of the central bank’s arsenal, with investments directed to a full range of low-risk avenues. Gold, deposits in foreign banks with sterling credit ratings, bonds, securities, and deposits in various financial institutions form a bulwark of the central bank’s investment portfolio, which is carefully coordinated to optimize returns while mitigating risks.

Lurking in the maze of investments are potential risks, none of which are more evident than the specter of debt obligations. There is a large segment of the Central Bank’s assets tied to the obligations of the Ministry of Finance, which is unstable and vulnerable to fluctuations in economic fortunes, especially in light of the fluctuation of oil prices.

Moreover, the stability of central bank assets remains beholden not only to economic fluctuations, but also to volatile geopolitical winds. Political imperatives, exemplified by the potential freeze of reserves by foreign central banks amid diplomatic wrangling, are casting a shadow over the haven of financial stability carefully nurtured by the central bank.

These challenges are further exacerbated by the restrictions imposed by geopolitical imperatives, which force the central bank to deal cautiously in its investment projects. Fears of antagonizing Western counterparts prompt a measured approach, restricting investments in institutions associated with American hegemony, albeit with an eye toward global transformations that may herald a seismic departure from this status quo.

Ultimately, the narrative of the CBI’s assets goes beyond mere financial metrics; It embodies an epic of economic management intertwined with geopolitical imperatives. As Iraq grapples with the omnipresent specter of American hegemony and navigates the treacherous currents of global finance, the central bank stands as a bulwark against economic volatility, its assets serving as a linchpin in the nation’s quest for stability and prosperity.

Al-Wahd Al-Eqtisadiah / North America Office,
Rawabet Center for Research and Strategic Studies

rawabetcenter.com