Evening News with MarkZ. 10/25/2024

Friday Evening Chat 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: Hello Mark Mods and all ……time for some good news

Member: Good Evening to all of you people waiting on the RV! 

MZ: Nader just announced he is doing a live broadcast tonight and something big has happened…and he is going to break it. I do not know what it is. 

Member: Nader talkin Forex...its on there?? 8pm with Nader on youtube

MZ: “Parliamentarian announces it explicitly: Some currency smuggling companies belong to influential parties and personalities”  some of the shenanagans might  be caused by big personalities, foreign companies and  local politicians. They are cleaning it up. I like the fact that Iraq is going after bankers to clean things up 

MZ: “The central Bank of Iraq decides to reduce interests to 5.5% in order to support economic growth” Their inflation had dropped from 7.5% to 3% ….So they are dropping the rate and making more loans available to stimulate business creation. 

Member: I hear Iraq is waiting for the US Treasury notes to be issued… USTN

MZ: This story breaking today: “Billionaire Warren Buffet dumps $10,500,000,000 billion in Berkshire’s Bank of America’s stake after slashing JP Morgan Chase, Wells Fargo investments to zero”  Why is this important? If he suddenly dumps the stocks it would probably cause a run on banks. He is historically one of the most solid traders in the world and he is unloading all bank stocks. . 

Member: Any more movement with Indian and farmers claims? Is CMKM this weekend????

Member: Wolverine Said this week.... so not much longer ?

Member: It would be great for the RV to go this weekend

Member: cya all in the morning have a Great night

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.

TIDBIT FROM CLARE, 26 OCT

  Clare 

  Article:   "Waiting to be sent.. Oil and Gas Law on the Government Discussion Table"  Quote:  "Member of the Parliamentary Oil, Gas and Resources Committee, Kazem Al-Tawki, confirmed today, Thursday, 

that the draft oil and gas law is awaiting approval within the Council of Ministers, indicating that the joint committees between the federal government and the regional government are continuing their work to decide on the law."

DINARLAND UPDATE: " THEY ARE PREPARING FOR BEGIN THE PROCESS OF DELETE Z...

Waiting to be sent.. Oil and Gas Law on the Government Discussion Table, 26 OCT

 Waiting to be sent.. Oil and Gas Law on the Government Discussion Table

The draft oil and gas law is pending approval within the Council of Ministers, according to Kazem Al-Tawki, a member of the Parliamentary Oil, Gas, and Resources Committee. This means that the federal and regional government’s joint committees are still working to make a decision on the law.

Al-Tawki stated that “the draft oil and gas law is still in the government’s possession” and that “controversial articles hinder sending the draft to the House of Representatives.”

Noting that “the relevant committees are continuing their meetings in the hope of reaching an agreement on the controversial articles,” he continued, “the oil and gas law is still on the government’s discussion table.”

“The governments of Baghdad and the region share a common vision to finish the oil and gas law file and submit it to the House of Representatives,” he said.

RV UPDATE BY MARKZ, 26 OCT

 
Thurs. 24 Oct. 2024 MarkZ

 On the bond front, “I don’t know how far I can share what I know, but that certainly makes me feel very comfortable”…. 

“The Emergency Broadcasting System (EBS) is very likely to be put into action this weekend. And a deadline is being handled for the start of payments. 

It is not to be taken as solid or definitive news, but November 6 is being talked about as a deadline, it would have to come out earlier. Don’t take it as something definitive.

 Big news coming out of the BRICS meeting in Kazan, Russia. The global financial system has already changed. Everything coming out of that meeting is extremely exciting for what we are looking forward to.”

FIREFLY: "BUT THE GRAND PRIZE WILL NOT HAPPEN UNTIL THE END OF THE YEAR"...

Integrity Commission hints at foreign banks’ “domination” of currency sales window, moves to limit their powers, 25 OCT

Integrity Commission hints at foreign banks’ “domination” of currency sales window, moves to limit their powers

Vian Dakhil, a member of the Parliamentary Integrity Committee, made a veiled reference on Thursday to the “domination” of foreign bank branches over the Central Bank of Iraq’s foreign currency buying and selling window.

“The committee is currently discussing the issue of financial and monetary policy in the Central Bank,” Dakhil stated. “Especially after information indicating the dominance of some branches of foreign banks and Iraqi banks over the Iraqi currency market and the window for buying and selling foreign currency,”

She stated, “The Parliamentary Integrity Committee is working on legislating a law that limits the authority of foreign banks and their branches and Iraqi banks with foreign capital,” implying that “this limits the huge profits that these banks obtain from Iraq.”

“There are some foreign banks and foreign capitals that control money transfers in Iraq, and unfortunately, all Iraqi money goes to another country,” Dakhil stated.

Due to “corruption” in the country’s currency auction, experts in Iraq say there could be “currency leakage” outside of Iraq.

The administration of the Central Bank intends to gradually end the dollar auction before ending it completely.