If they're going to do a re-denomination and a reevaluation at the same time then I guarantee the notes they're going to use are going to be the lower denominations. So instead of getting $3 per dinar for a 25000 note, you're going to get $3 per dinar for a 25 dinar note. You can jump up and down and have a fit all you want. I've been telling you guys this is what's going to happen [If they re-denominate].
This is great for the Iraqi people...They'll be happy about the change in their wealth but the western people will not even have a taste of it...I keep warning you guys about this..
The official exchange rate, that's the one we want to change but surely wouldn't want it to change with new re-denominated currency with the deletion of the zeros. I want a nice fat $3.00 to 1 Iraqi dinar exchange rate with the currency we have now.
The President of Vietnam resigns after a year in office
Vietnam's President, Vo Van Thiong, has resigned after serving nearly a year in office, according to a statement issued Wednesday by the Communist Party.
The Philippine president's resignation came in the midst of an intense anti-corruption campaign that affected the highest levels of the party.
The Vietnam News Agency said Thiong was guilty of "violations and shortcomings" and the party's Central Committee accepted his resignation.
The news agency added that Thiong violated unspecified “regulations” and “failed to set an example as head of state.”
She revealed that "Comrade Vo Van Thiong's violations and negligence had a bad impact on public opinion, affecting the reputation of the party and the state and his reputation."
She continued, "Aware of his responsibility towards the party, the state, and the people, he submitted his resignation from his positions."
The 53-year-old official's resignation comes as Vietnam is witnessing major political unrest, which also forced his predecessor to step down in an anti-corruption campaign that saw the dismissal of many ministers and the prosecution of major businessmen on charges of "fraud."
Thiong became president on March 2 last year after President Nguyen Xuan Phuc resigned, in an unusual surprise move in Vietnam, where political changes have long been carefully coordinated, with an emphasis on stability.
Before Fuc, only one other Communist Party leader had stepped down, and that was for health reasons
The position of president in Vietnam is largely ceremonial. The president ranks third in the country's political hierarchy.
While the president leads the country, he views the party's Secretary-General, Nguyen Phu Trong, as the real power holder link
Community Comment: "If the current rate is 1320 to 1 and you remove the three zeros wouldn't the new rate be $1.32 to 1?"
Frank26:
No...Stop putting a decimal in the 1320...You must understand this relationship as 132 dinars equals $1.00 which is a rate of $0.76. If you have 1 million dinar 760 American dollars. If you have 1 million dinar and they take it to 1 to 1 you have $1 million.
Question " Are the Saddam dinars worthless?" Yeah, they're worthless because they're no longer recognized by anybody.
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
Evening News with MarkZ and Dr. Scott Young. 03/21/2024
Member: As Wimpy from Popeye would say. I would gladly pay you Tuesday for a hamburger (RV) today
Member: Mark, Let’s get this thing done this weekend!
MZ: That would be nice. There are some interesting people doing some traveling –that’s for certain. Maybe it could be this weekend. There are some interesting whales being pushed, pulled and moved suddenly
MZ: I cannot tell you which ones and where-for security reasons…But it is exciting. I am not the only person hearing this.
MZ: We did have a key signatory in Reno over the weekend. I got a verification on that today. .
Member: Wells Fargo branch in burbs of Milwaukee - more busy than usual. Was greeted by DIST Mgr who was very respectful & gave me bus card for Premium Private Banker (wasn’t in today). Told to call Mon!!!
Member: Thank you, Mark and Dr. Young. Thank you, Mods! Have a great evening Everyone!
Dr. Scott joins the stream today. Please listen to the full replay for all his information and opinions.
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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 Mark and everyone…Is there any RV news today?
MZ: Still quiet on the bond front and the dinar front. No fresh news on CMKX
MZ: We had been expecting news on bond meetings yesterday….but have gotten no reports on them. The banking side is doing a good job on keeping things quiet.
MZ: “Zimbabwe lets currency free-fall while it weighs Gold Standard” This makes sense. Don’t try to prop it up. Let the fiat system take the shot to the chin then put into place your new Gold Standard!!
MZ: Zimbabwe plans to launch a structured currency with a Gold Standard. They are not even trying to save the fiat – just let it go the way it does…by returning to zero. Then put in the asset backed currency….. this does not reflect on our Zim bonds.
Member: it further confirms the worlds move away from the petro dollar into their own backed currency
Member: That tells me the reset is coming very soon!
MZ: Gold Telegraph has posted “Russia has introduced digital assets as a payment for International settlements” In other words they have ut together a system that is independent of the US banking system …independent of SWIFT. They no longer need it. This is also one that will very easily work with the new QFS system as they can digitally talk to each other….Follow the fundamentals guys.
Member: Wish we all could join with the new BRICS system.
Member: Wish we knew for sure if the QFS is a mythological fable- or real!!!
MZ: “ Evergrande “Ponzi Scheme” likely sparks major property market restructure” Chinese economy in hong Kong faces a dilemma over developers $78 Billion dollar fraud. This is causing a run for money and a restructuring. 40-50% of the entire Chinese economy is on the ropes. They have rough times ahead.
Member: The whole world needs this reset…….Whoever is in charge…please let it go!
Member: I have a bank story from this morning. went to Bank of America this morning to cash a check. Bank was all new with cubicles. I asked the manager if They exchange currency and he said yes
Member: Frank 26 has changed his stance on the dinar. Now he says it's not going to float but will come out at a fixed rate. $3.32 to maybe $5 something
MZ” That is what I have been hearing for some time now. I was told to expect between $3.33 to $4.81. Somewhere in that range.
Member: I think they have to come out at the rate they removed it. $3.24?
MZ: Yes it was right around $3.22-$3.30 or so.
Member: I saw one tic toc post about NESARA supposedly being announced sometime around April 1st. Guess we will see!!
Member: Lots of Rumors about April 1st. It’s the start of the second quarter….Easter is March 31st where the St. Germaine trust is supposed to open….
Member: Also we have a BLOOD Moon on the 25th …and its Purim…Think of the days of Esther.
Member: 3-24 is the anniversary of the Kuwait RV….Would be a good time to let it go.
MZ: Yes it would …that would put it on Sunday which is a good day to do it. Mr. Mayhew always told us we would go to sleep on a Saturday Night and wake up to a whole new world the next day.
Member: In Iraq our Sunday is their Monday or first business day of the week,
Member: Keep positive thoughts….Our future is so bright- we are going to need shades!
Member: Everyone enjoy your day.
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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.