Iraq got all they needed to go forward in the last meeting in US, and they are sovereign as well as financially independent and can stand on their own if need be now
well that is not something we talk about really but things are moving in Iraq faster than we are being told for sure
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Special THANKS to Birdieorbust, Liberty Lounger Extraordinaire, for sharing remarks from Mark Z 5.11.24
Birdie: Well Mark did say he is hearing June for it to be completed but we must go before then to be completed. But take that with salt like everything else. He is not saying that for certain - just what he is hearing.
Iraq increases its gold holdings by more than three tons, bringing its reserves to more than 145 tons
Iraq’s gold reserves witnessed a noticeable increase during the month of February 2024, as International Monetary Fund data showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.
This increase indicates Iraq's continued strategy to diversify its foreign reserves and enhance financial and monetary stability in the long term.
Gold is a traditional safe haven for investors, especially during periods of economic and geopolitical uncertainty.
This step by Iraq comes at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 per ounce.
Iraq is among the countries that possess large amounts of gold reserves in the Arab region, as it ranks fourth after Saudi Arabia, Algeria, and Morocco.
In general, this increase in Iraq's gold reserves is considered a positive indicator of the health and strength of the Iraqi economy. link
International Monetary Fund: We do not rule out the collapse of the global monetary system
The Executive Director of the International Monetary Fund for Russia, Alexei Mugin, said 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 stated that the currently existing 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.
Mogin warned of chaos in the global economy, and said: “Once this confidence is lost, a period of chaos will occur in the global economy.”
Last April, the International Monetary Fund warned, in its financial monitoring report, 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 concerns among experts and a number of countries around the world.
Data issued by the 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
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
MZ: Here is some quick news …On the bond side- I do not have a bond person paid today, but I have a facilitator that was paid their portion today. They are like a paymaster for bonds.
MZ: I do not know if they were paid to keep everybody at the table or if that means the bonds were paid for? But I have a facilitator with money today. And in my book that is solid news.
MZ: Another thing you need to look at is Goldilock’s post for today. It was pure gold.
Mod: YOU CAN FIND GOLDILOCKS IN DINAR RECAPS
DUE TO MARK’S TRAVEL! SHORT MORNING PODCAST TUESDAY MORNING AND “NO” EVENING PODCAST! THANKS
Please listen to full replay for all of Zester’s information and Opinions.
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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.
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