BRICS countries are ditching the dollar and using own currencies backed by precious metals to trade.
JP Morgan CEO Jamie Dimon predicted a major financial crisis saying that the global market is facing a rebellion amid its growing debt numbers.
Three months ago on the national panel Catherine Herridge from CBS news said that we are going to see a “Black Swan” event in 2024.
In January financial analyst Richard X Bove said China will soon overtake the American economy and the US dollar will catastrophically collapse.
At the end of February the El Salvador President said the US Dollar Will Collapse.
Three weeks ago Bank of America Issued a Major Warning of a US Dollar Collapse.
Recently the likes of Bezos, Zuckerberg and Gates have been selling stocks and shares at an alarming rate.
Recently the BRICS Ambassador said that the US Dollar-Dominated World Will End Soon.
Last week Elon Musk said the US will go bankrupt because of overspending.
This week Bond yields close to key level that could put more pressure on stocks, Morgan Stanley said.
We know that the new financial system is ready.
The dates have passed when Banks have to be ISO20022 and Basel III compliant. CBDCs can NOT operate on the new system.
Today and tomorrow Tues-Wed 19, 20 March the Federal Reserve has a Federal Open Market Committee (FOMC) meeting. Economists and analysts have been waiting for the second policy meeting of the year as high interest rates continue to bear down on the economy saying there are fears of a stock market crash. And on the 11th March Wall Street and regional banks said they are scrambling for new funds as the FED ends emergency lending program, aimed at keeping failing banks afloat during banking collapse.
This is why the distractions are coming in thick and fast right now to take our eyes away from the financial system fully collapsing. We know BRICS will destroy FED with asset backed currencies. The collapse is coming and many of us are prepared. https://x.com/bricsinfo/status/1769833490088923612?s=46
PDK Note: When Mark says there is no RV news-obviously I do not do notes……I will only transcribe RV Related or Intel with Financial relevance. Thanks for understandng
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 and Hello to all you wonderful people!
Member: Where is that RV Mark? I know I put it somewhere around here
Member: Please have news this morning MarkZ. My stomach needs more than a nothing burger.
Member: a great many people are saying this is our week!!
MZ: Sudani is expressing the need to freeze all electronic transfers….basically freezing all banking and currencies. This is exactly what they would have to do to start the exchange process. I am a firm believer they are doing that to prepare people that the banking system may be funky for a day or two while they flip that switch. There is so much going on.
MZ: The chatter has gone through the roof in Iraq with Sudani and the Central Banks movements. If only 10% of the people are right – we are within sight of the finish line.
MZ: There are rumors from some banking contacts that once the announcement happens – Banking will freeze and we wont exchange for about 10 days. Trying to get to the bottom of this rumor.
Member: Could that be the 10 days of darkness some folks keep talking about?
Member: Mark is there a back wall on when they want this completed by??
MZ: I do think there is a set back wall
Member: Rumor is they want us started before April 1st.
Member: Vietnamese president resigns
Member: I wonder how does the resignation of the Vietnamese president impact a new rate for VND?
MZ: “ Vietnamese President resigns amid major graft purge” They are cleaning everybody up with graft from their systems…imo I think this is an exceptionally good sign and I think Vietnam is preparing.
Member: Sure seems to be lots of disclosure happening.
MZ: A clean up of corruption is happening…..That is a requirement for Nesara/Gesara.
Member: Irish Prime Minister is also resigning.
Member: I am seeing the frequency of disclosure increase, but when will enough be enough? I am paying attention, but more and more comes out and nothing is changing… Where is the public outrage?!
Member: it would be interesting to match up the world leaders that resigned with countries currencies to be revalued.
Member: I would like to know how long our NDA’s would be for if we have to sign one?
Member: Mark once said he thought they would be 60-90 days. But we won’t know for sure until we exchange.
Member: Hey Mark you should watch Infowars Owen Schwoyer segment from last night, he had someone on talking about financial news pertaining bank failures and how banks have to be basil three compliant!!
MZ: I would gladly watch this.
Member: I saw a new billboard was up advertising wealth management and private banking for a local bank! They are hiding in plain sight! It's getting exciting!!
Member: Our credit union admitted to me about a month ago that they are excited for the new currency. Tellers just saw it recently.
Member: There is a good video by general milley saying that the government is a corporation and we are a republic
Member: Mark, have you heard any news regarding how much of their redemption funds people will be able to access initially, and then how much later? As always, thanks for answering if you are able!
Member: Bruce stated we would get access to 1% of funds and then two weeks later ALL of the funds
Member: I wonder what else’s needs to happen to kick this thing off??????
Member: Many are reporting there may be a big cell phone outage during the solar eclipse on April 8.
Member: Spring started yesterday and Easter is March 31 the reserection. If this is biblical now would be a good time to have the RV to start.
Member: Easter is also when it’s supposed to be a good time to release St. Germaine funds.
Member: Still much hope for RV by the end of the month hang in there!
Member: Let me know when to finish this retirement letter! lol
Member: I wish for everyone to have a blessed and glorious day
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIALOR 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
Zim Holders can have access to 1% of their total exchange that can be moved from your Quantum Account to your personal account for the first 12-15 days, after which you will get access to the total amount.
Bond Holders can have access to 1% of their total funds for the first 90 days, after which they will have access to all of it.
All countries of the World’s currencies that were going up in value new rates would be made known internationally as of 9am Tues. morning 19 March.
All new rates would be available on
Wed. 20 March.
Bond Holders in Tier3 will have access to funds on Thurs. 21 March.
Tier4b (us, the Internet Group) are supposed to be notified after noon on Wed. 20 March and be able to start exchange appointments on Thurs. 21 March.
Restitution and Reclamation Allowance payouts should be available by Thurs. 21 March.
Seniors will have their lump sum payments direct deposited in their bank accounts.
The younger group will get their R&R over 3 years, middle aged group will get their R&R over 2 years, and the rest will get their R&R over 1 year.
Social Security increases will be received in a few months at $4,400 to $4,900 a month.
Revealing The Reason For The Persistence Of The Gap In The Dollar Exchange Rate Between The Official And The Parallel
Time: 03/19/2024 Read: 3,549 times {Economic: Al-Furat News} An economic expert attributed the persistence of the price gap between the dollar and dinar exchange rates to “illegal trade.”
Nabil Al-Marsoumi told {Al-Furat News} agency, “Illegal trade with sanctioned countries is the main reason for the gap between the official price of the dollar and the parallel price, as it is difficult to cut off trade with neighboring countries such as Syria, Iran, and others like Russia, because they cover a large part of the market, especially with regard to goods.” and Iranian goods.
He added, "We expect the exchange rate to stabilize at these rates, and if the United States reconsiders and eases the sanctions, the price gap will decrease slightly now. It will not disappear."
It is noteworthy that the Central Bank of Iraq sells the dollar at the official rate of 1,320 dinars, while it reaches the “parallel” black market at a rate of 1,500 dinars. LINK
The following post is an overview for those who don’t know what this GCR/RV is all about. Most people think these three things are basically the same event, not true. Each one is different.
The GCR – the Global Currency Reset – has two separate factors or parts of the whole even.
The First factor: two hundred and nine countries of the world have signed a treaty in 2014 and will reset the value of their currency through the Cross-Border Interbank Payment System (CIPS) to be on parity with all other nations of the world. That means the value of the one Dong will be the same as the value of one dollar, or any other national currency.
The real value will be felt in international trade. The Global reset means that Forex Trading for profit will be of little value as the reset will stabilize currencies and would not be subject to manipulation of currency by any government or corporation.
It will affect the export markets as well, to accommodate a country’s balance of trade. Obviously, Fiat Currencies will never work in such a structured, internationally balanced,
Quantum Financial System (QFS).
To accomplish this parity, a mathematical formula was created, by some very intelligent economist types (the QFS Super Artificial Intelligence), to take a conglomerate of economic data, apply a predetermined value to each data point and come up with a value for each country. This value, compared to other countries, has more to do with, the amount of currency put into circulation in that country, than it has to do with the value of its currency.
The use factor, of the amount of currency in a countries economy, must balance the problem of supply and demand of currency while still maintaining consistent value within the international community. A problem of no small consequence for those who plan the world economy around currency and economical parity and how to accomplish this.
The Second factor in the reset, is digital Gold backed currency. To back the currency with Gold in the new QFS financial system means there is a digital Gold certificate that says you can exchange that piece of digital currency for a real piece of Gold. That means you can use either a piece of Gold or a piece of Gold backed digital money to make a purchase. Digital Money is used for convenience instead of carrying around Gold pieces. Both have the same value. The common denominator of the value of any currency is the backing of that currency by a valued commodity or asset.
The $21 Trillion RV Question: Iraq’s Economic IQD Dilemma and the Gold Solution
On March 18, 2024 By Awake-In-3D
From Economic Impossibility to Golden Opportunity: The Path Forward for the RV of the Iraqi Dinar
I tremendously enjoy engaging with my subscribers at GCR Real-Time News.
The questions raised and the discussions held around currency revaluations, particularly concerning Iraq’s dinar (IQD), provide for compelling conversation on the limitations of fiat currencies and the potential for a shift towards a gold-backed monetary system.
As countries assess and plan realistic strategies to combat today’s growing fiat economic and monetary uncertainties, the conversation about the nature of currency value, the impact of oil revenues, and the feasibility of significant currency revaluations serve as both informative and relevant.
Here’s the summary breakdown of a recent conversation thread on GCR Real-Time News.
The Iraqi Dinar RV Conundrum
At the heart of the debate is Iraq’s consideration of revaluing its currency, the IQD, potentially to $3.00 (or higher) against the U.S. dollar, a move that poses significant mathematical and economic challenges.
With an estimated 7 trillion (or more) IQD notes held outside of Iraq, a revaluation (RV) at such a rate would require an unfathomable $21 trillion ($3.00 x 7 Trillion IQD) fiat Dollars to fund the RV.
A sum far beyond Iraq’s current financial capacity, generated primarily through its oil trade revenues of around $100 billion per year at current oil prices. It would take Iraq centuries to pay for a $3.00 RV exchange rate at Iraq’s current and future production capacities. No Oil Contracts or economic development project investments scenario gets Iraq to $21 Trillion in the near or long term.
Iraq produces around 4.2 million barrels of oil per day combined with constant geopolitical instabilities. The USA produces over 13 million barrels per day.
This stark reality highlights the inherent limitations of fiat currencies, which are not backed by physical commodities like gold but only by public confidence and a government’s declared ‘promises’.
The Gold-Backed Purchasing Power Solution
The potential solution lies in transitioning to a gold-backed currency system, a concept currently being explored by the BRICS nations as they seek to introduce an alternative to the fiat currency system dominated by Western economies.
A gold-backed currency promises enhanced stability and purchasing power, directly challenging the existing fiat system’s dominance.
If Iraq, Vietnam, Indonesia, Malaysia, etc., are accepted into BRICS, their currencies would participate in the new BRICS gold-backed common trade currency and financial system.
In other words, the IQD, VND, etc. would significantly gain purchasing power (exchange rate) against the Dollar, Euro, and other major fiat currencies.
So why can’t Iraq just peg the IQD to a high dollar exchange rate like Kuwait, Oman and Bahrain do?
Because unlike the other high-rate currencies in the region, Iraq has the unique problem of having over 7 trillion (or more) in IQD being held outside of Iraq by foreigners like you and me.
Kuwait, Oman and Bahrain do not have a fraction of their currencies being held by foreigners as does Iraq. This is why these other countries can maintain their high fiat exchange rate peg to the US Dollar. Iraq simply cannot repeg the fiat IQD value (purchasing power) with that many IQD held around the world. The Ripple Effect of a Gold-Backed System
Should a gold-backed currency system come to fruition, the implications become financially significant, forcing Western economies to reconsider their fiat monetary policies and potentially launch their own gold-backed currencies in order to stop their old currencies from massive devaluation.
This shift could dramatically increase the purchasing power of currencies from Iraq and other countries like Vietnam, Indonesia, Malaysia, and Zimbabwe, making a revaluation of the IQD both mathematically and economically viable.
The key would be the relative devaluation of fiat currencies like the U.S. dollar against new gold-backed currencies, fundamentally and forever altering the global economic landscape.
In other words, the increase in the IQD’s purchasing power (exchange rate) would originate from the depreciation of the US Dollar vs. the gold-backed IQD – not from the IQD suddenly gaining purchasing power out of thin air (because it can’t).
There are not enough oil contracts or native economic development value-generation within Iraq’s realistic capability that could support (pay for) a fiat IQD revaluation to $3.00+ against the current fiat dollar.
Basically, $21 Trillion dollars rivals the total GDP of the entire United States. Let that sink in…
The Re-denomination vs. Revaluation Debate
Iraq’s ongoing strategy to re-denominate the IQD, removing three zeros from its notes, illustrates the difference between re-denomination and revaluation.
While re-denomination is a superficial change affecting the currency’s appearance and public perception (confidence), revaluation alters the currency’s actual purchasing power.
The Iraqi Ministry of Finance (MoF) and the Central Bank of Iraq’s consideration of this strategy underscores the complexities of currency management and the pursuit of public confidence in the IQD.
The Global Context and the Future of Fiat Currencies
The discussion extends beyond Iraq, touching on the broader dynamics of the global financial system, the role of free-floating currencies, and the managed pegs that stabilize many oil-dependent economies.
The possibility of transitioning to a gold-backed system raises questions about the sustainability of fiat currencies and their future in a world looking for more stable and reliable monetary foundations.
As all of us in the RV/GCR community seek to freely and openly discuss these issues, the situation in Iraq serves as a critical point of analysis for the future of the global financial system as a whole.
Sidebar of topics discussed at GCR Real-Time News Telegram Channel:
Estimated IQD Notes Held Abroad: 7 trillion IQD, as reported by Iraq’s Ministry of Finance.
Hypothetical RV Rate: If Iraq revalues (RVs) the IQD to $3.00 against the U.S. dollar.
Total Dollar Requirement for Hypothetical RV: $21 trillion (7 trillion IQD x $3.00).
Iraq’s Annual Oil Revenue: Approximately $100 billion at current oil prices.
Time Required to Cover RV Cost with Oil Revenue: Over 210 years, assuming 100% of Iraq’s annual oil revenue is dedicated to funding (paying for) the RV.
Current Exchange Rate Perception Issue: If Iraq re-denominates by deleting 3 zeros from the currency, 1 IQD equals 1.310 per dollar, compared to the less favorable current rate of 1310 IQD per dollar. But the purchasing power of the IQD remains unchanged.
Major Free-Floating Currencies: Dollar, Euro, British Pound, Swiss Franc, Japanese Yen, Russian Ruble, Indian Rupee, among others. These countries have highly diverse economies (their GDPs are not dependent on a single industry or service).
Countries with Pegged Currencies: China, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Hong Kong, Iraq, and many others emphasizing the prevalence of stable, managed currency pegs and floats among oil-dependent, or less diverse economies.
Economic Dependency on Oil: The majority of GDP for many pegged/managed currency countries comes from oil revenues, highlighting the risk and volatility in oil markets if these countries utilized a free-floating currency exchange rate system.
The shift towards a gold-backed currency system could herald a new era in finance, challenging the status quo and offering a path toward greater economic stability and equity among nations.
The journey from fiat to gold-backed currencies is most certainly fraught with challenges and uncertainties, yet the potential rewards could redefine the essence of monetary value in the near future.