Saturday, August 17, 2024

Evening News with MarkZ. 08/16/2024

Friday Evening News With MarkZ

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 Evening everyone

Member: Mark, it's Friday night... don't you think it's a perfect time for an EVENT

Member: So Mark could RV happen tomorrow night?

MZ: We don’t know, but there certainly is a tremendous amount of chatter.

Member: Chief Fast Horse on Fearless Floyd today said the RV has started

MZ: I have heard the same rumors…that it has started and things are moving. I reached out to redemption people and banking folks …and they are on “stand-by” and have not been notified….yet. They have not yet been told “this is it”

MZ: I spoke to one in Reno who is involved with a large group there and they have not been activated and told to come in yet.

MZ: I am not saying it hasn’t started…I believe the overall process has started. Maybe just not getting to the redemption part yet-even for the whales.

MZ: Have I heard that they are hopeful they can do it before the first part of the week- yes I have heard that. .

Member: Are call centers to schedule appointments different than redemption centers? If yes, could be why they are not “scheduled” to work this weekend.

Member: If the redemption centers are the same that set appointments? Could it be possible notifications over the weekend and actual appointments next week? Hypothetically of course!!!!

MZ: I have heard fantastic things from the bond side – that they want a large portion of them to have spendable funds before the 20th. I am hearing fun stuff but staying grounded .

MZ: Don’t be too disappointed if the rumors are off by a day or two.

Member: Three banks in my local area, today all three had a full staff parking lot.

Member: If it does go early next week….how long will we have to exchange?

MZ: I am hearing a bare minimum of 30 days for the preferred rates. You will need to set appointments within the first 10 days. I am told that is how it is going to work.

Member: hearing about a substantially higher rate being offered if ALL funds are kept with 1 institution and NDA for rate. Will the rate for wise acct be different from rv rate?

MZ: The Wise rate should be exactly what the street rate is…..whatever that is. And whatever rate they post on forex. The international rate is what you should get for Wise.

Member: Do you think the rate is going to float?

MZ: I do not. But if there is – I was told the float would be very managed and slow. If you hold foreign currency in a foreign currency/multi currency wise account – it will float along with the currency….

Member: With all our SS numbers being stolen …..Maybe this how they release everyone’s debt, all at once! Since every Social Security number has now been stolen, when they release Nasara, they issue everyone a New ID number or sovereign #

Member: 8-17-2024 = 8-8-8

MZ: Having a stem cell treatment next week so you will be in Zesters capable hands on Monday, Tuesday and Wednesday. I will pop in when I can .I will be in communication though and will share with him.

Member: Zester always said it would happen when you are gone

Member: May the Lord hold Mark in his loving and healing arms for comfort after his procedure. May he have a speedy recovery with the most excellent outcome! I ask in Jesus name! Let it be!

Member: Safe travels Mark, and praying your procedure goes well.

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

DINAR REVALUATION : Iraq's Financial Shift New Dinar Notes

Warnings of National Currency Collapse and Position Rotation in 2024 , 17 AUGUST

Warnings of National Currency Collapse and Position Rotation in 2024

As of August 17, 2024, warnings of a potential collapse of the national currency and discussions surrounding the rotation of positions have been prominent in economic circles. 1 These warnings are rooted in the financial instability that has characterized the global economy, particularly in the United States, where banking crises have been a recurrent concern.

Understanding the BTFP and Its Impact

The Bank Term Funding Program (BTFP) was a critical response by the Federal Reserve to the failures of regional banks in 2023. These banks, including Signature, Silvergate, and Silicon Valley, were brought down by mass withdrawals due to customer concerns and the need to cover losses. 1 The BTFP helped stabilize the situation by allowing banks to borrow funds using their bonds as collateral, thus preventing further bank runs and providing a temporary solution to the liquidity crisis.

Weaknesses of the U.S. Dollar

The U.S. dollar, while a global reserve currency, is not immune to weaknesses that could trigger a collapse. 2 The fundamental weakness lies in its value being based solely on government fiat, a situation shared by other major national currencies. This lack of intrinsic value and the reliance on the government's promise of its worth can lead to instability if confidence in the government's fiscal policies erodes.

Rising Debt and Economic Concerns

The debt levels of the United States in 2024 have also been a cause for alarm, with analysts warning of a brewing crisis. 3 The accumulation of debt has the potential to undermine the economy's stability, especially if interest rates rise, increasing the cost of servicing the debt.

Market Predictions and Rate Cuts

Predictions for the stock market in 2024 indicate a cautious optimism, with expectations of rate cuts and a potentially mild economic downturn. 4 However, these predictions are contingent on several factors, including the effectiveness of monetary policy and the resilience of the global economy.

Financial Stability and Geopolitical Risks

The International Monetary Fund (IMF) has highlighted risks to global financial stability, emphasizing that vulnerabilities in the banking system could turn into serious issues if the hoped-for soft landing of the global economy does not occur. 5Geopolitical tensions also pose significant challenges, with the potential for financial fragmentation and implications for the stability of financial markets.

The Rise of Nontraditional Reserve Currencies

In a striking development, the IMF has noted a decline in the U.S. dollar's share of allocated foreign reserves, which has not been offset by increases in the shares of other major currencies. 6 Instead, nontraditional reserve currencies such as the Australian dollar, Canadian dollar, Chinese renminbi, South Korean won, Singaporean dollar, and Nordic currencies have seen a rise in their shares. This shift can be attributed in part to new digital financial technologies and the increasing popularity of cryptocurrencies.

Conclusion

The warnings of a national currency collapse and the rotation of positions in 2024 reflect the complex interplay of economic factors, including debt levels, banking stability, and geopolitical risks. The potential for a U.S. dollar collapse, while not imminent, is a concern that has gained traction due to the weakening of traditional reserve currency roles and the rise of alternatives. These developments underscore the need for careful economic planning and policy adjustments to navigate the challenges ahead.

SOURCE:

https://theconversation.com/why-economists-are-warning-of-another-us-banking-crisis-224092

https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp

Weekend News with MarkZ. 08/17/2024

Weekend News with MarkZ

MarkZ Update- Some highlights by PDK-Not verbatim

Member: Good Morning and Welcome to the Weekend

Member: Really hope Mark has good news for us today

MZ: It’s been eerily quiet overnight…..and they have not called in the redemption folks….yet. These are people in Reno who are specifically going to help some of the bigger groups through the exchange process. Or the ones at redeeming banks in the eastern US…None of them have been called in yet.

Member: I like quiet!! I totally expect it to happen when it is quiet!! So that could be at any time that's for sure!!!

Member: Many pundits are saying the 20th and 21st could be our big day.

Member: Tuesday is when many are saying it will finally go through

MZ: yes – a lot of the pundits say this….and I am getting the same from top bond contacts , group leaders –you name it. It certainly makes me feel a little excited….but going to stay grounded.

Member: Chief Fast Horse was on yesterday and indicates RV will go on 18th or 19th

MZ: There are still great expectations from everyone....and I know some people who are heading to their locations on Monday for preparations….So I am hoping Tuesday actually means something. Bond contacts are excited and are hoping this is it.

Member: Hopefully things start ramping up and we get across the finish line within this month.

Member: Mark, saw a clip this morning about the US Treasury occupying the 3rd floor of the new pretty bank in Iraq???

MZ: I know they have offices in the new pretty CBI building….not sure what floor.

Member: Really hoping your contacts are right Mark…and the rates will be higher than we thought they would be

Member: You guys no one knows what any of the rates are going to be until we get there. Any numbers given are just rumors and guesses!!

Member: Yesterday while driving around I am RV here an RV there and I thought is that a Good sign? I hope so.

Member: Praying for safe travels for you and that your stem cell procedure goes well and does a miraculous job for you.

Member: Have a safe trip Mark and feel better soon.

MZ: Zester will be filling in for me on Mon, Tues and Wed…..I will pop in when I can

Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverWHENTRAVELING.Com

Member: Enjoy your weekend everyone…and keep those thoughts positive we are at the end

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

DINAR REVALUATION : Iraq Delays US Troop Withdrawal: What’s Next?

Updates on the Hydrocarbon (HCL) Oil Law in Iraq as of August 17, 2024 BY DINAR REVALUATION, 17 AUGUST

Updates on the Hydrocarbon (HCL) Oil Law in Iraq as of August 17, 2024

The Hydrocarbon Law, also known as the Iraq Oil Law, is a critical piece of legislation in Iraq that has undergone significant developments since its inception in 2007. 1 As of 2024, the law continues to evolve, shaping the country's oil industry and impacting political dynamics.

Overview of the Hydrocarbon Law

The Iraq Hydrocarbon Law, initially submitted to the Iraqi Council of Representatives in 2007, aimed to establish a regulatory framework for Iraq's oil fields. 1 Its provisions sparked controversy and debate among Iraqi parliamentarians, politicians, and oil experts, who expressed concerns over the potential division of the country and the role of foreign companies in the oil sector. 2

Updates as of 2024

Legal Rulings and Revisions

A series of legal rulings by Iraq's Federal Supreme Court in February 2024 have emphasized that the ongoing revisions to the Hydrocarbon Law will significantly impact Iraqi Kurdistan's autonomy in the oil sector. 3 The rulings stipulate that the Kurdistan Regional Government (KRG) must transfer all oil and non-oil revenues to Baghdad, effectively returning financial control of Iraqi Kurdistan to the central government.

Budget Law Impact

The new Iraqi budget law, passed in June 2024, further consolidates Baghdad's authority over the Kurdistan region's oil sector. 4 The law requires the KRG to hand over 400,000 barrels per day (bpd) of its crude production to the Federal Government of Iraq's (FGI) State Organization for Marketing of Oil (SOMO) in exchange for federal funding. This arrangement has implications for the region's oil production and export capabilities.

Future of the Law

The future of the Hydrocarbon Law remains uncertain, with ongoing debates and negotiations among Iraqi political factions. 5 Its successful passage and implementation are crucial for Iraq's social, economic, and political stability. Failure to pass the law could have negative repercussions for the country.

Conclusion

The Hydrocarbon Law in Iraq is a dynamic and pivotal issue that continues to face challenges and revisions as of 2024. Its impact on the country's oil industry, particularly in relation to the Kurdistan region, underscores the law's significance in shaping Iraq's future.

SOURCES:

https://en.wikipedia.org/wiki/Iraq_oil_law_(2007)

https://www.livemint.com/news/world/iraqi-law-proposes-legal-marriage-age-for-girls-to-9-raises-child-rape-fears-5-points-to-know-11723263423043.html

https://www.iraq-businessnews.com/tag/hydrocarbon-law/

Understanding the Global Currency Reset in 2024 by DINAR REVALUATION, 17 AUGUST

Understanding the Global Currency Reset in 2024

Talks of alobal currency reset have sparked considerable interest and speculation, particularly in the context of the post-pandemic economic landscape. The idea of a global currency reset suggests a significant shift in the world's financial system, potentially revaluing currencies based on new criteria. 1

Economic Outlook and Resilience

As of August 17, 2024, the world economy is forecast to grow steadily, albeit slowly, at 3.2% in 2024 and 2025. 1This resilience, despite central bank interest rate hikes, is attributed to changes in mortgage and housing markets that have moderated the impact of policy rate hikes. 2 However, the forecast for global growth five years from now—at 3.1%—is at its lowest in decades.

The Great Reset: A Final Act?

Some experts suggest that the global economy is in the final act of a great reset, following a decade characterized by disinflation, lower growth, and excessive monetary stimulus. 3 While some markets have reacted quickly to the new economic landscape, others, such as the economy, corporate and consumer behavior, and real estate, adjust more slowly.

Global Currency Reset: Theories and Possibilities

The concept of a global currency reset has been discussed by economists, conspiracy theorists, and financial experts alike. 4 At its core, a global currency reset suggests a shift in the world's global currency reserve, potentially resetting the value of currencies globally. This reset could be based on criteria like a country's gold reserves, GDP, or a mix of economic indicators.

Historically, while there have been no global currency resets in the modern era, there have been significant shifts in the global financial system, such as the Bretton Woods Agreement of 1944. 4

Realities, Myths, and Impact

The credibility of the global currency reset varies, with some viewing it as a real possibility and others dismissing it as a conspiracy theory. 5 The theory suggests that the US dollar could lose its position as the world's reserve currency due to the United States' over-leverage and decreasing competitiveness compared to emerging economies rich in resources.

The Role of International Organizations

The World Economic Forum (WEF) and the International Monetary Fund (IMF) have been central in discussions regarding economic recovery and the potential for a global currency reset. 6 The Great Reset Initiative, launched by the WEF in June 2020, aims to facilitate rebuilding from the global COVID-19 crisis in a way that prioritizes sustainable development. 6

Conclusion

While the concept of a global currency reset in 2024 captures the imagination, its actual implementation remains speculative. Economic forecasts and expert opinions suggest ongoing global economic resilience, albeit with significant challenges and potential for structural changes. The impact of such a reset on savings, investments, and the global economy would be profound, making it a topic of keen interest and ongoing debate.

SOURCES:

https://www.imf.org/en/Publications/WEO/Issues/2024/04/16/world-economic-outlook-april-2024

https://www.imf.org/en/News/Articles/2024/07/16/tr071624-july-2024-weo-update

https://www.purposeinvest.com/thoughtful/2024-outlook-the-great-reset-final-act