1310...1160...1400 never worked. They just come out with number and give it to us and sometime you wake up and they take 1310 and sometime you can wake up and they tell you 1160 and sometime 1400...Don't tell me it worked because I know in my heart it's not 1310. It never worked for 21 years. It made the people poor. It made the economy bad. If it's going to stay like that the next couple of years it's going to make the economy worse. They're going to have to change it.
[Iraq former government/UN employee friend Imad from Basra update]
Question: "Have they come out with the new notes in Iraq?"
No. They working on it.
[Iraq former government/UN employee friend Imad from Basra update]
Question: "The Untied States, do they have anything to do with the Iraq currency?"
Of course, yes, they control it. They have some interest between the two countries.
Results of the War on "Hard Currency" Smuggling in 2024
As of August 17, 2024, the global war on hard currency smuggling has seen significant advancements and challenges. The decline of physical cash usage worldwide has accelerated, primarily due to the increasing preference for digital transactions. This shift has been driven by the convenience and security of digital payment methods, which have become the norm in many countries, making traditional cash less relevant.
Digital Currency Experiments
To keep their monetary systems relevant, central banks around the world have been experimenting with digital versions of their currencies.
Unlike private cryptocurrencies like Bitcoin, central bank digital currencies (CBDCs) are issued by the state and function similarly to traditional money. The goal is to introduce these digital currencies in limited circulation, alongside physical cash, and gradually expand their use as cash usage diminishes.
China, Japan, and Sweden have been at the forefront of CBDC trials, while the Bank of England and the European Central Bank have been preparing their own digital currency experiments. The Bahamas has even launched the world's first official digital currency. These developments signal the impending end of cash as a primary medium of exchange, with far-reaching implications for economies, finance, and society.
Security and Digital Payments
One major benefit of digital currencies is enhanced security. Cash can be lost or stolen, posing risks for individuals and businesses. Digital currencies, while not immune to hacking, can be made more secure with advanced technologies.
United States and the Digital Dollar
In contrast to the actions of other countries, the U.S. Federal Reserve has been more cautious in its approach to digital currencies.
However, there is a growing argument that the United States should develop its own digital dollar. The benefits of a digital currency, including improved security and reduced transaction costs, outweigh the potential costs. The move toward a digital dollar is not driven by international competition but by the intrinsic advantages of digital currencies.
Global Conflicts and Economic Shifts
The global landscape in 2024 is marked by ongoing conflicts and significant geopolitical shifts. These conflicts have affected core European interests and the global economy, particularly maritime routes. The changing dynamics have forced European countries to reassess their foreign policies and economic strategies.
The Syrian Regime and Captagon Trafficking
In the Middle East, the Syrian regime under President Bashar al-Assad has been using the trafficking of Captagon, a synthetic stimulant, to exert pressure on Gulf states, particularly Saudi Arabia. This illicit trade has become intertwined with the interests of powerful groups within Syria, complicating efforts to curb drug supplies. The Syrian regime's cooperation would require significant concessions from Saudi Arabia, addressing the regime's need for financial resources and political support against Western demands for change.
Conclusion
The war on hard currency smuggling, driven by the global shift toward digital payments, has had a multifaceted impact on economies and international relations. While digital currencies promise enhanced security and efficiency, the transition is not without challenges. In regions like the Middle East, illicit activities such as drug trafficking have emerged as new forms of leverage, complicating diplomatic and economic strategies.
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
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. 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.
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. 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. 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. 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. Geopolitical 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. 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.
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 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
Member: Enjoy your weekend everyone…and keep those thoughts positive we are at the end
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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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!