Coffee with MarkZ, joined by MM. 06/20/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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

Coffee with MarkZ, joined by MilitaMan. 06/20/2024

Member: Good Morning Fellow RV’ers

Member: Good Morning Mark, Mods and MilitiaMan

Member: Today is the First Day of the Rest of Our Lives to pay it forward!! I am excited with anticipation

MZ: Most of our intel today will come from MilitiaMan. Thanks MM for taking the time to join us today. 

MM: Glad to be here. 

Be sure to listen to the replay for the discussion on AI (Artificial Intelligence) and much more…..

MM: Iraq is still moving forward with their monetary reform and the project to delete the zeros. Alaq has stated this and Sudani refers to it. In the 2024 budget they mention numbers that mirrors what Al Sudani says. 

MM: They are doing a $4.9 billion dollar pipeline to go through Jordan. If you do the math –the rate comes out real close to what Al Sudani said….which is about $1.32. This effectively deletes the zeros IMO…and a lot of people agree with me  

Member: Current dinar rate is 1310…..so delete the zero and add a decimal…..and its real close. $1.31 ish

MZ: This does not mean they chop the zeros off our notes and it has less value. 

MM: It is not a lop. 

Member: MilitiaMan will the rate be fixed or a float?

MZ: I don’t look for a wild float but a very controlled of fixed float. IF there is a float. 

MM: Saleh who is the prime ministers financial advisor has released several article on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both. 

MZ: So how does that work for people? Let’s say they come out with a rate of $2 and we think it should be $4. Do we hang onto our IQD? Do we put it into a multi currency account?  Any thoughts? 

MM: I am not a financial advisor. I have a feeling if they came out with a rate similar to that….they would have to keep the rate in a tight range. If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciated rate or price changes every day. 

MM: So I think the stronger it is….remember the reinstatement rate 20 years ago of $3.22. Even the IMF has documents stating this was a relevant number. If it came out at that….they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight. 

MZ: I can’t see more than a 2-5% change as allowed in a float. I am not looking for wild swings. 

MM: Remember that forex trades too many decimals. They make a lot of money with a small amount of movement. 

MM: So I think it will be a tight range on a managed float 

MZ: That is what Shabibi said. Of course we won’t know until we get there. It’s possible $3.22 or higher. To me it doesn’t make sense to start at .76 cents or $1.32 to take 15-20 years to wait for it to grow. IMO they need to start closer to their end goal…imo 

MM: I do not disagree with that. 

MZ: It looks like to me $1.32 is our worst case scenario. 

Member: I think the Iraq rate will come out close to what Kuwaits rate is. 

MM: Yes that is added value. Then if they add the international calculation it will bring them into article 8 complience with the IMF. 

Member: It's moving forward! Very excited! If it isn't as high rate as we initially thought, It's Way more than I have right now! Still think it will go higher. Praise God!!

Member: Do we believe this will be released promptly or drawn out over weeks or months????

Member: Iraq is not the kind of place where you announce to the people that the currency is going to leap up soon, unless you're going to do that.

MZ: In Iraq I have numerous reports from contacts on the ground that the CBI has released a video in the last couple of days showing Iraqis how to put their old currency into the ATM so they can deposit money. Which to me is a great sign. This will make any value change much easier to do it electronically. . 

MZ: MM any thoughts on timing?  I believe things are spiraling towards the finish. 

MM: Interestingly enough. After the release of that video….which I think was a good one….well in the comments it looks like there was a computer printout that shows or helps support the delete the zeros is now in preparation mode. The date on the printout was May 22, 2024. 

MM: What was interesting about May 22 was Executive order 13303 was resigned . but no one knows exactly when this RV will happen. 

MZ: Thanks MM for being with us here today. 

Be sure to listen to the replay for all the details…….they both speak very fast. 

Member: I saw an article where Vietnam is going cashless….Will this interfere with our RV?

MZ: No it will not. Many are trying to go cashless because it is efficient. But for me it is scary. What happens if technology goes down? Major power outages and the whole world is paralyzed. 

Member: I went grocery shopping during a power outage.and they handed us a tablet and a pen and we wrote the prices down and they totaled it on a calculator at check out, BUT you had to pay either cash.

Member: If we go cashless, all big Bro has to do is flip a switch and your account is emptied. Then what do you do?

Member: Praying the CBDC’s fail and we get the QFS and new USN cash…..Cash is more secure then digital money…….but digital is convenient……a balanced system should use both. 

Member: Small story: I talked to guy yesterday that was installing an ATM. I mentioned Bitcion on some machines. His are not. Asked they do foreign currencies. He replied, Dinar, no. It opened a great conversation.

Member: Global Economy on Edge: As Fears of a Dollar Crash and Black Swan Events Loom, Speculations of an Iraqi Dinar Revaluation Add to Market Uncertainty and Stir Financial Strategies

​​Member: Bank of England printing losses THREE times higher than FED!

Member: Everything will be returned 10 fold. Hang in there!. God is good. Stay strong!

Member: Have you accepted the fact you are very wealthy. what are you doing to prepare your mind, you are worthy and accepting of all the riches of this investment .

Member: This will be an epic 4th of July. Thanks to all today….great 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

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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!

LATEST FROM FRANK26, 20 JUNE

 💢 Latest from Frank ~ 6.19.24 

Frank: [The new ATMs] are everywhere now.  It's not hundreds, it's not thousands, it's tens of thousands of  them.  They are everywhere that an Iraqi citizen can walk to.  They are at their hookahs...mosques, barber  shops...street..banks...corners, they're everywhere...There's going to be a massive rush going into the banks.

Ginger's "Gintel" - audio message https://t.me/c/1553385444/54186

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Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" 

 If you change the oil map, you change the exchange rate/the value of the currency of Iraq. 

 Quote:  " Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)"

  I don't need to go any further than that...1.32 is what the citizens of Iraq are potentially in a position to receive.  This article proves that there's a different rate in the budget...

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The investment law is being passed.  You'll see it very soon.  They have no choice. Sudani is extremely happy about it because that's how you're going to be able to get these new contract with the new exchange rate.

What is the time of the float? ...I want to watch the float.  I want to calculate exactly just when I want to go ahead and exchange the rest of my dinar.  Here's the problem.  In the same manner they are giving [Firefly/Iraq citizens] a specific amount of time to turn them in, they will give us a specific amount of time to turn them in . 

Did you see...Iraq and Kuwait are now linking with their fiber optics?  This is extremely important part of the monetary reform...They know it's no longer a secret what is happening with the exchange rate of the Iraqi dinar.

Things are going perfect.  Everything is moving with such perfection that no one can do anything about this right now.

 How much time will they [Iraqi citizens] have to trade in 3 zero notes? 

 [Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar.  This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-frank26-15-june.html

SANDY INGRAM: Tax Scenario for Exotic Currency & Crypto Profits

Iraq Is Second In The Arab World To Produce Hydroelectric Power, 20 JUNE

 Iraq Is Second In The Arab World To Produce Hydroelectric Power

Hydropower   Energy Economy News – Baghdad  Iraq ranked second among the largest Arab countries with the largest hydropower capacity in operation, according to recent data issued by the Global Energy Monitor platform.

The total hydropower capacity in operation in 7 Arab countries (Egypt, Iraq, Sudan, Syria, Morocco, Lebanon, and Algeria) is more than 10.2 gigawatts.

Egypt topped the list of Arab countries with the most operational hydroelectric capacity, reaching 2,778 gigawatts, and in second place on the list was Iraq, with a capacity that stabilized at 2,436 gigawatts, followed in third place by Sudan, with a hydroelectric capacity of 1.85 gigawatts.

Fourth, Syria ranked on the list of Arab countries with the most hydroelectric power capacity, with an operating capacity of 1,585 gigawatts, and Morocco came in fifth place, with a capacity of 1,395 gigawatts.

Lebanon also came on the list with an operational hydroelectric capacity of 0.108 gigawatts, and finally Algeria ranked on the list of Arab countries with the most hydroelectric capacity, with a capacity of 0.100 gigawatts.   Views 95  06/19/2024 - https://economy-news.net/content.php?id=44424

"RV UPDATE" BY MNT GOAT, 20 JUNE

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

 

PIMPY: Responding to your comments about devaluing the dinar 06/19/24

International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace, And We Have Invested About Two Billion Dollars, 20 JUNE

 International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace, And We Have Invested About Two Billion Dollars

Money  and business  Economy News _ Baghdad   The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion dollars since 2005, while indicating that economic reform is witnessing an increasing pace.

Zaghir said in an interview with the Iraqi News Agency, followed by “Al-Iqtisad News,” that “the work of the International Finance Corporation dates back to the year 2005, and over the years we have been able to invest nearly two billion dollars in a wide range of sectors,” indicating that “our work in Iraq will extend out of our belief in future prospects.”

"For Iraq, the pace of economic reform will accelerate, and this will reflect positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sector."

He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services. Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq in addition to providing consulting services".

Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe and whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports, and the second part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure and improving the services provided.”

For Iraqis throughout the country,” pointing out that “the main point is our work and encouraging the private sector and working with it.”

240 views  Added 06/18/2024 - https://economy-news.net/content.php?id=44398