The Executive Director of the International Monetary Fund warns: Is there a possibility of the collapse of the global monetary system? , 4 MAY
The Executive Director of the International Monetary Fund, Alexei Mugin, said on Friday that he does not rule out the possibility of the collapse of the current global monetary system.
In an interview with the "Novosti" agency, Mogin asked: "Is there a possibility of the collapse of the global monetary system? It seems to me that such a possibility actually exists."
The expert pointed out that the current system relies on confidence that dollar assets are safe, but central banks, institutions, and even families have already begun to sell dollar assets and buy gold, due to growing lack of confidence in their safety.
Mougins warned of chaos in the global economy, noting that "once this confidence is lost, a period of chaos will occur in the global economy."
Reports issued by the International Monetary Fund warned last April that the debts of the United States and China pose a threat to global finances.
The rise in US public debt and the dependence of global trade on the dollar raises concern among experts and a number of countries around the world.
Data issued by the US Treasury Department earlier this month revealed that the US budget deficit exceeded one trillion dollars in the first six months of the fiscal year, partly paid for by the rise in interest on public debt. LINK
Alicia2015: Is there a possibility of the collapse of the global monetary system?
IMO yes. All debt base monetary systems eventually collapse. Once taken off a gold standard Fed-R kept printing dollars at a phenomenal rate. Now...Every 3 months interest on our debt increases 1 trillion dollars, that's 4 trillion a year.
It's mathematically impossible to pay it down so printing more money and feeding the machine is the Fed R only option. Every dollar printed draws value from existing dollars, weakening the purchasing power, creating inflation (too many dollars chasing too few goods)
IMO a global monetary collapse is in the horizon, which explains why Global World banking institutions are purchasing gold at a higher rate than ever before. The smart money is running to gold and silver!
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
The CBD Guru’s Join the stream the first 45 minutes…..then Mark with the news.
Member: Good morning everyone Mark, mods, friends, blessings to all.
Member: May the fourth be with you!!!!
Member: May the 9th be with us…lol Come on Iraq!
MZ: I think there is an excellent shot we will be done by the 9th.
Member: What is special about May 9th?
Member: The 9th is to do with Iraq and WTO accession
Member: I hear tomorrow will be. a BIG day
Member: Whatever day it happens on will from then on be known as “RV Day!!! At least in our house.
MZ: I don’t know if it will be tomorrow or not, but there is a tremendous amount of chatter. But, chatter doesn’t pay the bills.
Member: Frank mentioned last nite that Sudanis financial advisor spoke on IRAQI national TV and said they are ready to float the currency as the parallel market has almost been reached
MZ: Float= Raise. here has been debate over the translation and about whether it will be a soft peg, a managed float or whether it will actually be a float at all. I think they have been clear they are going to peg it. But, it is confusing
MZ: “Baghdad signs contract with UAE ‘s ARJ’s to build fertilizer plant.” This is so they don’t have to import. For increased food production. This is big because Iraq is diversifying.
MZ: “ National bank of Iraq uses Temenos for core banking and payments” They have put into effect a well used banking AP from around the world. And they have gone digital at a record pace in their banking system. We were told this was necessary so they could pull the trigger- BAM. They want us to know they have updated their banking system
MZ: This is important to the process and here we see that it is done!
Member: Temenos is a versatile banking software platform that helps institutions enhance operations, customer experiences, and adaptability in the financial industry
Member: Iraq could go alone at $1.00 and it would change my life for the better!
Member: let's pray for a big REER before the "peg"
MZ: I know of some redemption folks that are on call this weekend….but pretty quiet overnight.
MZ: I know a lot of people are expecting it on Sun or Mon….I am not hearing anything negative…everything is positive.
MZ: All my contacts in Iraq are saying the trigger is now with the CBI and they are going to pull it soon. They are informing people …they are educating people and telling Iraqi citizens to be prepared for s change in value. We just do not know the timing
MZ: Bond folks have been quiet the last couple of days. They are waiting on getting their first 1% down payment on their bond transactions..
Member: If it’s a shotgun start- we would all go together…..imo . .
Member: NDA=Keep your Mouth shut!
Member: Skye Prince posted a new video last night - it's almost party time. She confirmed that MarkZ will be given a heads up when this goes. This may be our week coming up!!!
Member: CaptPeggyG MM just stated Vietnam announced their rate3.60
Member: The worlds changing , 2.5 weeks ago Venezuela said they will sell oil to anyone . In the currency of that country. That is huge . Who takes it from Ven . Guessing Brics . Thats big.
Member: I do online banking ……last week I got a Notification that on May 8th they will be updated to a new Digital banking system !!!!
Member: Still rumored that Iraq has to change by May 9th for WTO????
Member: I think our time to go to the Redemption Centers is Maybe by the 6th ?
Be happy… Be prepared , You never know when things will happen be ready…. Youve always been ….always will be make the most out of your time. That you can control.
Member: MarkZ: "May the Fourth be with you" but remember, don't celebrate excessively on Cinco de Mayo or you may experience "The Revenge of the Sixth".
Member: Everyone have a wonderful weekend…..Hope it’s our last weekend broke!!!
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
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.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
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 evening everyone. Welcome to another weekend
Member: Is this our weekend?! Let’s hope and pray it’s go time!
Member: I always thought a good time to release the RV was on a Friday after markets close or Sat, Night when all the banks are closed…….wishful thinking?
Member: I cannot wait to see the smile on Mark z’s face when he announces it is time!!!
MZ: We have a little chatter tonight. But one of you sent me this article to share: “Kuwaiti Dinar to US Dollar-Top 10 highest valued currencies in the world in 2024” This article was in the Indian Express. And the Iraqi dinar used to have that number one spot.
Member: I would expect Iraq to be worth more that Kuwait
MZ: Absolutely. And when Iraq was the most valuable currency in the world they had not yet developed their natural gas reserves….and were not pumping nearly as much oil as they are now. Every part of Iraq is now in better shape than when they had the most valuable currency in the world.
MZ: I do have some redemption center contacts on call this weekend. But, there is plenty of rumors about going this weekend or the first of the week. But nothing I can verify and my sources are keeping things close to the vest. But that is a good thing.
Member: Just listened to TNT tony and he said by Monday for Iraq … We will see? Fingers crossed
Member: In some of Franks bank stories –bankers are confirming IQD and VND to revalue!
MZ: I have a bank story to share with you this evening from one of our community: “ This is my own personal bank story. It’s a few weeks old at this point but still good. I went in to deposit money at a small local Chase in Orlando. While waiting for my receipt I asked if there was a wealth manager available to speak to?. They said no, and offered to make me an appointment. I declined. I got my receipt and said have a nice day and left.
I kid you not- a couple days later the branch called me (They had to look me up) and it was a Chase wealth manager calling me back to ask how he could help me. I went in a couple days later and he knew about the IQD and was aware of what was going on. He had done his own research he told me. He said something like this only comes around once in a lifetime and this is an amazing opportunity. “
MZ: Its finding the right location with the right educated individual. I love that story.
Member: I’m looking forward to proving to my family that I’m not crazy for believing all of this.
Member: All these people look at me like I’m crazy when I talk about this. But my thought, why not? If I lose some money and this doesn’t happen, oh well. At least I’m trying. Better than starting an MLM
Member: Mark, thanks as always for all you bring to this
Zester joins the stream tonight. Please listen to the replay for his opinions and 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
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.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
“Hi everybody. I wanted to share an encouraging opinion. A friend of mine who has contacts shared some helpful information about the RV with me this evening. I will keep their name private, but here are the encouraging facts. Columbia, Brazil, Chile, all have paymasters that have flown into Bogota.
They are RV-ing as we speak. The US is roughly three weeks behind South America, that way any kinks or security issues can be worked out ahead of time before the RV reaches the States. This is wonderful and exciting news. Wanted to share with you lovely people. We’re almost there! God has gotten us here! One love! Getting ready for the switch to USN:
“The RV actually started around the first of May (that is when the Green Light was given) even though you guys do not hear or see anything. It is a slow process.
“We should get notifications for Tier4B anytime now for you, the Internet group, so you can go to the Redemption Centers. That will be any day now.
For the bondholders, things are rolling, and I am hoping that actually I will be getting good news as well, for I also have bonds.
I spoke to the director of Mauricio’s Foundation and she is very happy. They have given her certain hours actually for her to receive the funds to come through.
A huge Whale I know, someone I have a relationship with, says they are expecting to be paid.
I received from Asia that we were given a deadline – it will start tonight Fri. 3 May into tomorrow afternoon Sat. 4 May. It will appear in all members’ accounts.
I have also received information from other countries that they received the same news. It means they follow Reno time zone. It looks like this is definitely going to happen.
Other developments: banking accounts have been opened for sellers and loaded with locked funds.
They are testing QFS functionality today and tomorrow Fri. 3 May into Sat. 4 May, and delivering the release by computer, also, assuming there are no problems with the tests.
They will send formal emails to specific sellers during this week inviting them to a TTM next week at certain locations. TTMs will be held throughout the next week. Payments will begin once TTM is completed within five banking days.
They will all fall together in the pattern of Dominos. They will now receive the emails – I ask you guys to wait – The Sovereign committee team is working sincerely without stopping. We have had no rest at all. If the QFS works perfectly, the banks will test their adaptation. Everything is underway, prepare for payment next week.
Bob Dunn (I do not know if you know him,) he is very highly respected. He says, “The Green Light has been given, and the funds will be dispersed today or tomorrow Fri. 3 May or Sat. 4 May.
Truth in Transaction in the USA will be settled on Monday 6 May and overseas on Tuesday 7 May.
All platforms started on May 1st. It is slower than anticipated, however, there appears to be a plan.
Private banker – 10:30 a.m. only one close contract – Contracts of 1% to be released tomorrow Sat. 4 May with full liquidity.
Someone arrived in Brazil with 50 arrest warrants.
We have been told that Brazil has started, from quite a few sources, obviously everything is behind the scenes right now but I am hoping and praying to get 100% confirmation.
I want you to have faith. This has started. This will end up going our way and hopefully we will be free to help humanity. Hopefully, tomorrow, I will have something special for you. Love you guys, Wolverine