Wednesday Evening News with MarkZ , 30 MAY

Wednesday Evening News with MarkZ 

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 Wednesday Evening…..the week is half over now. 

Member: Anything exciting tonight Mark?

Member: Anything from your bond contacts today?

MZ: One of my two sources that expected money on Tuesday checked in …Their appointments wer punted and now money is expected Thursday 

Member: They have to be so frustrated and angry by now at all the lies and delays…..I know we are. 

MZ: I know some that had appointments later today and hopefully I will get news from them  Once we know that an individual historic bond holder has money – we will know its indeed rolling out .

MZ: Well, MilitiaMan had a good one this afternoon. He talked about their digital  transformation and their new cash denominations. This is important. Around minute 12-15 they talk about it….Sudani again makes the comment that the dinar will be more valuable than the dollar. I love that one.  Be sure to go watch , like and share his videos. 

Member: I wonder -will the iqd be stronger then the Kuwaiti dinar?

MZ: That’s a good question. Sudani and others have mentioned ver the last few years the dinar will be “back to its former glory” as the most valuable currency in the world….So if its going to be the most valuable currency in the world…it would have to be higher than the Kuwaiti dinar. 

Member: How much is the Kuwaiti dinar worth right now?

Member: It seems to fluctuate around the mid $3 range. 

Member: Friend from Iraq with family there ie uncles, aunts etc; “it’s coming, major rate change” everything Militia Man says is true. And Mtn Goat.

Member: I heard directly from the CE that the fiat dollar will crash around June 15-28!!

MZ: In world news: “Zambia to emerge from debt default as bondholders back $3 Billion restructuring”  Emerging economies are suddenly restructuring their debt left and right. And debts are also being forgiven…This is very interesting.  I  believe much of the world thinks something is about to change. 

Member: Everyone have a great night. Suddenly our blessing will come…..and I believe its soon. 

CBD Gurus join the stream tonight.. Please listen to the replay for their information. 

“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & 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.

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"IMF ANNOUNCED THE 2024 ARTICLE IV CONSULTATION WITH EXCHANGE RATE OF DI...

"THE WORLD TRADING MAP IS CHANGING RAPIDLY" BY GOLDILOCKS, 30 MAY

 GOLDILOCKS

"Thailand will apply to become a member of the BRICS economic bloc, the government of the Southeast Asian country announced on Tuesday." 

To give you an idea how important this move is. Vietnam is the largest trading partner with Thailand at the present time. This could shift when they become a market economy in July adding to the ability to trade with the US as well. 

It is just simply important to note that the world Trading Map is changing rapidly. As we have discussed before, 80% Plus trades are done across the waters. This is more than enough of a percentage to change exchange rates on a global scale. 

This is also why the World Trade Organization is reconfiguring trade exchange rate percentages and plans on presenting them to us the second half of this year. 

Watch the water.

© Goldilocks

https://www.bignewsnetwork.com/news/274388060/brics-receives-new-membership-bid#google_vignette

https://www.trade.gov/country-commercial-guides/vietnam-trade-agreements#:~:text=Since%202022%20Vietnam%20is%20also,Philippines%2C%20Singapore%2C%20and%20Thailand.

"ABOUT THE IRAQI BANKING SYSTEM" BY GOLDILOCKS, 30 MAY

 GOLDILOCKS

The Iraqi banking system may soon receive banks of another type called (digital banks). What are these banks and will the citizen, the banking system, and the Iraqi economy benefit from them? Files that the beneficiary of the banking sector services in Iraq is trying to ask.

https://economy-news.net/content.php?id=43770

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International Monetary Fund mission for the current year 2024 for Article Four consultations praised the Iraqi government’s measures, including the monetary policy led by the Central Bank of Iraq. 

The report indicated that the Central Bank of Iraq has taken several measures aimed at stabilizing the national currency and controlling monetary inflation.

Adding that the Central Bank raised the interest rate on monetary policy tools from 4% to 7.5% and increased the mandatory reserve requirements for banks from 15% to 18%, and these steps were decisive in reducing the inflationary pressures that Iraq suffered from, and this contributed to creating an economic environment. More stable.

The report emphasized that important reforms in the banking sector, such as the gradual increase in bank capital and mergers between small banks, aim to strengthen the banking sector and increase its efficiency and flexibility in the face of economic shocks.

The report noted that Iraq has implemented new compliance measures to improve the transparency of cross-border financial transactions, by launching an electronic platform that imposes the disclosure of financial beneficiaries, which enhances the integrity of financial transfers in accordance with international banking standards, as well as the role of the Central Bank of Iraq in expanding relations. Correspondent banking, to facilitate smoother international trade financing operations.

Central Bank of Iraq

Information Office

May 27, 2024

https://cbi.iq/news/view/2592

Iraqi Dinar Breaking News Iraqi Prime Minister Announces Plan to Increas...

Kurdistan Natural Resources confirms: We are ready to visit Baghdad again to resume exporting the region’s oil, 30 MAY

Kurdistan Natural Resources confirms: We are ready to visit Baghdad again to resume exporting the region’s oil

Shafaq News/ The Ministry of Natural Resources in the Kurdistan Regional Government confirmed, this evening, Wednesday, its readiness to visit the capital, Baghdad, again to solve the problem of resuming the export of the region’s oil, in cooperation with the Federal Ministry of Oil.

The ministry said in a statement received by Shafaq News Agency, “We supported from the beginning resolving the issue as quickly as possible and exporting oil (Kurdistan Region oil) through international ports. For this purpose, we visited Baghdad several times, and in January of this year we met with the head of the committee.” Finance and the Federal Government Committee consisting of the Ministries of Oil, Planning and Finance, and a report was signed in this regard.”

She added, “The committee last met on the 19th and 20th of this month in the presence of representatives of the Ministry of Natural Resources. We are now awaiting the results of the committee meeting, and are ready to visit Baghdad next week to resolve this issue.”

Yesterday, Tuesday, the Federal Ministry of Oil, the Ministry of Natural Resources and companies operating in the Kurdistan Region called for an “emergency” meeting in the capital, Baghdad, for the purpose of accelerating the restoration of production in the region’s fields.

Federal Oil said in a statement received by Shafaq News Agency, that it is keen to restore production in the fields located in the Kurdistan Region and resume exports through the northern system in a way that provides the national interest.

The Ministry called on the Ministry of Natural Resources in the region and the international companies operating the fields located in the region to hold a meeting in Baghdad as soon as possible for the purpose of discussing and discussing the issue and reaching an agreement to accelerate the restart of production and resume the export of oil produced through the Turkish port of Ceyhan and according to the quantities specified in the budget law.

https://shafaq.com/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D8%A7%D9%84%D8%AB%D8%B1%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D8%B7%D8%A8%D9%8A%D8%B9%D9%8A%D8%A9-%D8%A7%D9%84%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86%D9%8A%D8%A9-%D8%AA-%D9%83%D8%AF-%D9%85%D8%B3%D8%AA%D8%B9%D8%AF%D9%88%D9%86-%D9%84%D8%B2%D9%8A%D8%A7%D8%B1%D8%A9-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%85%D8%AC%D8%AF%D8%AF%D8%A7-%D9%84%D8%A7%D8%B3%D8%AA-%D9%86%D8%A7%D9%81-%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D9%86%D9%81%D8%B7-%D8%A7%D9%84-%D9%82%D9%84%D9%8A%D9%85

"RV UPDATE" BY MILITIAMAN, 30 MAY

 Militia Man

  If you raise the value of the currency it's going to have a ripple effect...Instead of being a pebble...or a brick in the pond this might be a boulder.  There's going to be some waves.  The World Bank, IMF, US Fed, US Treasury...Bank of International Settlements, everybody's going to need to know what you're going to do and when you're going to do it and pretty close. 

 They're not going to be broadcasting it like everybody thinks, 'What's the date and what's the rate?'  That's not how it works.  But we study it close enough to where...we can see it can't be far off...

If they're going to have liquidity and they don't have it now it's going to require new small category denominations to be in circulation.  Just as al-Alaq's project to delete the zeros would require new denominations.   Did they do that in 2018 and have them in storage?  I believe they did...

They increased that gold supply by about 40 tons...Their currency reserves are around $110 billion.  They have a massive amount of wealth.  They have the ability to support their imports for about 16 months they say, which is about 5x what they need.   That's important.  They don't want to reduce those.  They'd like to keep them on hand...Iraq has a good foundation for Alaq to do what he's supposed to do and it'll only get better if he does.

If they change the value of their currency they're going to have more surpluses...The oil price is about $70 in the 2023 budget.  That hasn't changed for '24 or '25 because that's a tripartite budget.  They got a surplus.  Oil is somewhere around $80.  It's been as high as $91ish.  The expectations of oil is to be somewhere in the neighborhood of $80/$90 and they even talk about $100/barrel...Iraq is going to be sitting pretty good...They have phosphates...sulfur...natural gas...Those non-oil revenue streams...taxes and tariffs are going to come online...Iraq has a good foundation for Alaq to do what he's supposed to do.

 Iraq is moving forward.  They've got huge reserves...increased their gold, they're going to have the private sector, their stock exchange is going to be one to reckon with.  It's an emerging market and a lot of money is going to be start flowing...

If they go on the Forex system it's going to be international.  It's going to be fast and furious. 

 Could they do something within the county prior to that?  

Sure, why not, educate the citizens, do what they got to do...

 Question:  People want to know if they can drag this out until next year? 

 Militia Man: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide...I believe Iraq is ready to go with the rest of the world. Along with other countries like the Vietnamese dong. 

Are they going to change the value of their currency...? 

 I'm pretty sure they are going to need to to pay for all these [reconstruction] objects...rebar, the cement - all that stuff is expensive at 1310.  It's not so expensive if it's back at a 'previous era'....If they have the true value, their real effective exchange rate, it's going to be far cheaper...

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-25-may.htm