The Bondholder: “Now that the election is over, we’ve got the green light 🚦
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Fri. 1 Nov. 2024 Mike Bara
OK, so just when I was ready to give up on this thing happening before the e******n, I get this: “The US e******n will not change the timing. All countries and banks have signed the necessary treaties and are ready.
Dinar will lead the way onSunday/Monday.Bonds/GCR on Tuesday.”
I guess they decided the chaos of the US e******n is actually the perfect cover. We will see, but hang in there!
Shafaq News / French President Emmanuel Macron expressed his hope to work with Iraq to organize the third Baghdad conference as soon as possible.
This came in a letter sent by Macron to his Iraqi counterpart Abdul Latif Gamal Rashid on the occasion of the country’s National Day, as announced by the Presidency of the Iraqi Republic in a statement on Thursday.
In the letter, Macron stressed his determination to “stay by Iraq’s side by supporting its security, stability and sovereignty.”
“During my visit, Mr. President confirmed the pivotal role played by Iraq in the region, so we share the same concern regarding the expansion of the circle of conflict in Gaza, which has spread to Lebanon and threatens the security of the Middle East,” he added.
“I hope that Iraq will continue to prevail the language of the regional dialogue, in this context I hope that we can work together to organize the third Baghdad conference as soon as possible.”
The office of Iraqi Prime Minister Mohammed Shia Al-Sudani and French President Emmanuel Macron announced in August 2023 that the third edition of the Baghdad Conference on Regional Stability – co-organized by Paris – will be held in late November in the Iraqi capital.
...when you go to the bank to exchange the US Treasury is going to fund the initial exchange for the bank. It is all electronic...The US Treasury will own then own dinar. These banks will then turn a profit with the US Treasury for being the broker in the exchange.
It will benefit them to collect as much of the 3 zero notes as possible...
The US Treasury will keep a certain amount of the three zero notes for inter-banking and global trade with Iraq... Iraq has already guaranteed oil credits at so much a barrel...
The US Treasury fully intends to also sell these oil credits at a profit margin to other countries needing the Iraq oil.
I have asked my CBI contact multiple times on the fixed credit rate and I got varied amounts from $30 – 35 a barrel. So, it is not like Iraq has to shell out trillions back to the US to cover the cost of the funds for the exchanges.
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Article: "AL-ALAQ: THE VOLUME OF CURRENCY IN CIRCULATION EXCEEDS 100 TRILLION DINARS"
Quote: “Today, we have more than 100 trillion dinars in circulation (issued currency), not all of the money supply, and reserves of more than 100 billion dollars, which means that the Central Bank has achieved an important basis for monetary stability,”
explaining that “inflation is the basic measure of the Central Bank’s ability to perform its mission and basic function. It is less than 3.8%, which is considered a typical percentage that actually achieves stability and prosperity.”
Shafaq News / The presidency of the Iraqi Council of Representatives decided on Thursday to extend the legislative term for 30 days starting from 9/11 of this month.
This comes after Mohammed Al-Khafaji, a member of the Parliamentary Legal Committee, revealed to Shafaq News that the current legislative term of the House of Representatives ends on the 9th of this month, and that its extension for another month is subject to Article 58 of the Iraqi Constitution.
He added that according to this article, the legislative term can be extended at the request of the President of the Republic, the Prime Minister, the Speaker of the House of Representatives, or 50 deputies, provided that the extension is approved by the vote of the majority of the members of the Council.
Al-Khafaji explained that the extension comes to regulate the work of parliament and approve the pending laws, as the past period witnessed repeated postponements in the sessions of the Council and the incompleteness of the agenda.
He pointed out that the extension will provide an additional opportunity for the government to send the draft budget law for 2025, which is supposed to be sent before the end of this year. He stressed the importance of the government taking advantage of this time to avoid the delay in the budget this year.
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
MZ: We do not have Militiaman this morning….but he hopes to join tomorrow or Saturday for a brief update.
Member: Good Morning and what a week…..I feel very confident and hopeful the RV is about to be released…….
Member: I feel Nesara is just around the corner.
Member: This week went fast. M,T,W felt like one entire day with a few naps in between!
Member: Any good news overnight Mark????
Member: Does anyone else feel like something big is coming?
MZ: Great question. There is no bad news. We still seem to be in the RV news doldrums….Which I think is fantastic……because of “who” is quiet.
Member: I would love to hear more about who is quiet and why that excites you!!
MZ: I still go straight to voicemail….With it being 2 days after the election I am hoping they are busy getting it done. I see the light at the end of the tunnel now.
MZ: The news out of Iraq has been overwhelming positive.
MZ: We know auctions for US dollars are due to stop this year. They have been very clear on that. From both the Governor of the Central Bank and Al-Sudani. The auctions right now are taking trillions of dinar out of circulation ….which increases the purchasing power of their currency…..It is a clear preparation for a change in value.
Member: Iraq's goal is to go cashless by January
Member: Do you still think RV by the 9th? Iraq Parliament is meant to go on recess then???!!
Member: Iraq's Parliament is calling for extending their session until Dec 10 to catch up on pending laws
Member: And Dec. 10th is Victory Day in Iraq where Sudani said the monetary reform would be done by.
MZ: “ Prime Minister: We are facing a new Iraq and the Road to development will be an artery linking most countries” He is also mentioning the ports like the new Grand Faw port project which will be a mega port. It’s now open and functioning. This is important guys. Iraq will become an artery between Asia and Europe.
MZ: “ Al-Rafadain announces the application of the electronic system in 48 branches in Baghdad and the provinces” I am certain we will hear more about this from MilitiaMan and crew.
MZ: “Analysis: The Iraq file has deteriorated in Washington recently, but small officials have intervened” in other words the US has eft a void. Iraq is hoping for a more measured and supportive role from the next administration. Also the support to remove US forces and let Iraq be sovereign.
MZ: Bond side is still quiet like I mentioned earlier.
Member: Are they under NDAs and gone quiet. Intel is out that Tiers have been paid Tier 4 is next
Member: Let's say they pulled the trigger on bonds now …I wonder what's the time frame for us to go?...
MZ: When they pull the bond trigger…..I hear 3 days or so.
Member: I'm thinking the RV hasn't gone yet because the dollar hasn't crashed yet. I thought that those two things would be simultaneous
Member: Hope we don’t have to long to wait for the Gold backed USN’s
Member: Still hearing the QFS is ready to go and running side by side with the swift system….
Member: Mark... My contact in Zimbabwe has confirmed that the Diamond Mines Values are FAR more Valuable than reported. GREAT News!!!
Member: January 1, 2025 new Foreign Currency Standards Go Live for ALL CURRENCIES.
Member: Citibank has a new branch that will work in foreign currency They have 194 different kind of currency
Member: Hey mark- do we have to pay transaction fees at redemption centers?
Member: does you gut think we will RV before or by Thanksgiving
Member: We need this to be a holiday season to remember.
Member: Learning a LOT of patience waiting for this RV!
Member: Now let's get this party started!!! RV!!!
Member: anyone else excited about handling millionaire problems, for a change? I'm tired of broke problems
Member: I am Feeling like this will be a beautiful 3 day weekend
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