July 4th Coffee with MarkZ, joined by Mr. Cottrell. 07/04/2025

 July 4th Coffee with MarkZ, joined by Mr. Cottrell. 07/04/2025

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: Happy Independence Day to Everyone

Member: Thank you Mark and mods for being here today

Member: Welcome to another 3 day weekend. 

Member: Iraq even put a work holiday in place for this weekend

Member:  so mark do you believe all taxes will go away irs and state taxes including property tax

MZ: I’m not convinced on property taxes but I’d like to think it will go away because a number of states are trying to move that direction. But, I do believe income taxes will go away. 

MZ: Not a lot of RV news today. My redemption center/wealth management folks are not working today and are not on call for this weekend. So I do not believe this is our weekend….at least not until the first of the week. 

Member: Guess they need to celebrate with their families as well …….maybe next week?

MZ: or maybe it’s a great time to pull it off…..release it when no one is on call and no one is looking. With no one watching for it….then BAM…it happens. That’s what I am hopeful for 

Member : Someone once said they RV would happen when we least expect it. 

MZ: Still no bond updates this morning, It’s still painfully quiet. 

MZ: In other news- we are looking at a 7 day deadline for trade deals here in the US…..Iraqi parliament is supposed to return to session on July 9th…and my contacts overe there are very hopeful there will be a new rate around that same time. 

Member: Basel 3 just started for banks worldwide and Iso20220 is supposed to be in affect on July 14. 

Member: July 14th is a deadline for I.S.O. 20022 implementation, it is also when Iraq begins using Temenos for cross border transactions supposedly.

Member: I wonder if the brics summit beginning monday the 6th could be something. ..

MZ: “The last time gold moved like this was 1929” And that lead to a monetary reset in the United States. Gold is flashing signals that we have not seen since 1929. This article goes into who owns how much gold in each country as they prepare. This monetary system is getting ready to change. 

https://www.birchgold.com/blog/news/gold-price-1929/

Member: “Paper is poverty, it is only the ghost of money, and not money itself.” - Thomas Jefferson

Member: Paper is poverty quote by Thomas Jefferson was sent to Edward Carrington in 1788 in reference to the creation of Banknotes.

Member: With the massive amounts of GOLD in Fort Knox, Trump should just revalue GOLD to $140k/oz to increase the "Asset side" of his balance sheet, Debt problem solved!

Member: GM Mark..did you hear Gov Abbott signed the law into affect for gold and silver is legal tender in Texas

Markz reads excerpts from the “Declaration of Independence” just before Mr. C joins. 

Member: I think we all sense this is very close. I think we need to start praying for wisdom to use these gifts wisely and with humility.

Member: Wishing all the happy Fourth of July, and may we all get to celebrate our freedom with the RV soon

Member: May all of you have a wonderful weekend and a safe one ! Happy Fourth !

Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.

JEFF: When the rate changes it'll come out somewhere around the $3.80 range! ‪@DINARREVALUATION‬

 

Chaos And Sole Control... Who Is Behind The National Bank's Monopoly On Foreign Remittances?

 Chaos And Sole Control... Who Is Behind The National Bank's Monopoly On Foreign Remittances?

 
Economy  2025-07-03 | 830 views  Alsumaria News – Economic  The banking sector in Iraq has recently witnessed a surge in popular discontent and  political controversy  following the National Bank of Iraq's dominance of remittances from abroad.
 
This has led to the  exclusion of several local banks from this vital sector, causing real crises for citizens and  raising widespread questions about the motives behind this monopoly and who is behind it.
 
A sudden decision... and a mysterious exclusion  
 
The story began when a sudden central decision was made to assign the responsibility for foreign remittances to the National Bank of Iraq.
 
This move, observers described as having implications that transcended technical or regulatory considerations, was particularly significant after the exclusion of well-known Iraqi banks that had been performing this role with relative efficiency.
 
Informed sources revealed that the   decision was made under pressure from influential figures seeking to  strengthen their financial influence within the banking sector, exploiting the so-called "financial window system," which regulates the receipt of remittances.
 
Sources indicate that  these figures share common interests with some members of the National Bank's senior management,  opening the door to potential financial and administrative corruption.

Monopoly disrupts the market... and citizens pay the price  
 
Since the National Bank of Iraq took over remittance management, receiving offices in Baghdad and other governorates have witnessed unprecedented congestion and frequent delays,
 
not to mention technical problems and unprofessional behavior by some employees, according to citizen complaints.
 
Citizen (K.N.), one of the affected people, confirmed to Sumaria News , “After the National Bank took over the remittances, I went to collect my remittances and I kept moving from one office to another because each employee sent me to another,” explaining that
 
“the current administration does not organize the work and we need to facilitate procedures for citizens, not complicate matters.”
 
Citizen Abu Ali complained about the poor technical services, telling Sumaria News, "Since the day the National Bank took over the remittances, the application has become even more dysfunctional." 

 He stated that  "the application stops repeatedly,  transfers are delayed or do not arrive, and  if a malfunction occurs, there is no one to respond,  in addition to the endless excuses."
 
Substandard customer service 
 
There have been numerous complaints about poor customer treatment at bank branches,
sparking a wave of anger on the street.
 
Citizen (H.A.) said, “When I went to the bank to inquire about a transfer that arrived in my name,
I was surprised by the way some employees treated me,” explaining that “this is worrisome.”
 
Employee (J.S.) stated, “I received a transfer through Al-Ahli Bank, after reviewing and postponing the appointment more than once,” explaining that “the customer is being neglected, as if he is forced to endure the mismanagement and delays.”

Delayed remittances... losses and suffering  
 
Delays in remittances have become an almost daily occurrence,
causing economic damage to many citizens who rely on these funds to make ends meet.
 
“I called customer service to inquire about a delayed transfer, but there was no response,” Y.M. said.  He continued,
 
"When they do respond, the response is general and useless," noting that "since Al Ahli Bank took over the remittances, the problems have increased and there are no real solutions."
 
Citizen (A.D.) describes the situation as a “real crisis,” noting,  “When I receive a remittance from abroad through Al-Ahli Bank, there is definitely a delay, and  it does not arrive on the same day.”  

He stressed that  "this causes us embarrassment due to the financial obligations we have," calling for other Iraqi banks to be allowed to conduct remittances and not for the National Bank to monopolize them.
 
Unanswered questions... and regulatory authorities remain silent 
 
In light of this critical situation, citizens and those interested in financial affairs are raising questions about the entity that made the decision to restrict remittances to the National Bank, and why other banks that provided acceptable services were excluded.
 
Why don't regulatory bodies, such as the Central Bank of Iraq and the Integrity Commission, investigate the reasons behind the decision?
 
Economists warn that "the continuation of this monopoly will lead to  financial distortions in the remittance market, pressure on citizens, and a collapse in public confidence in the local banking sector."
 
Calls for a transparent investigation 
 
Economists are calling for "a transparent investigation into the allocation of remittances to the National Bank,  and for any party that manipulated banking competition or led to the exclusion of other Iraqi banks to be held accountable." 

They are also calling on the Central Bank  to "urgently intervene and redistribute the remittance file to qualified banks according to standards of efficiency and fairness."  
  
https://www.alsumaria.tv/news/economy/532189/فوضى-وتحكم-منفرد-من-يقف-وراء-احتكار-الحوالات-الخارجية-للمصرف-الأهلي؟   

MNT GOAT: The CBI is looking for at least 50% of the citizens with bank accounts and in the system.in order to conduct a revaluation of the dinar!!!

 Mnt Goat  

 Ali Al-Alaq knows what he is doing and is setting up the Iraqi monetary system for a major revaluation... decreasing the money supply speaks RV all over it...yes, it is now shaking out in the news.  

 Article:   “THE FINANCIAL INCLUSION RATE IN IRAQ EXCEEDED 46%” ...Why would they need to have the citizens and merchants on the digital transactions with the banks?

 Less cash is better! This is what “financial Inclusion” means. I am being told by my CBI contact that the CBI is looking for at least 50% of the citizens with bank accounts and in the system. 

..in order to conduct a revaluation of the dinar, thus in order to make the rate of each dinar to the U.S. dollar higher...they would have to reduce the monetary mass in circulation substantially to do it.

 If you are going with a $4+ rate then my [CBI] contact told me they would have to reduce or shrink the monetary mass by nearly a quarter of the paper...the paper notes in the hands of the citizens...must be brought back to the banks... 

The rest the banks can convert digitally...Folks, it all adds up. They are planning to do a major revaluation in the VERY, VERY NEAR future...I can’t believe how obvious it is now. 

FIREFLY: "Alaq knows there is going to be a rate change" @DINARREVALUATION

Statistics: A Slight Decrease In Iraq's Domestic Public Debt.

 Statistics: A Slight Decrease In Iraq's Domestic Public Debt.

Economy | 03/07/2025  Mawazine News - Baghdad -  The Central Bank of Iraq announced, on Thursday, a slight decrease in the domestic public debt at the end of April 2025.

The bank said in an official statistic reviewed by Mawazine News that "Iraq's domestic public debt decreased at the end of April of this year to reach 85 trillion and 503 billion Iraqi dinars, down from 85 trillion and 536 billion dinars in March."

The bank added that "the decrease was a result of the repayment of loans from financial institutions, which amounted to 19 trillion and 119 billion dollars, after it was 19 trillion and 152 billion dollars. "

He pointed out that "the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and treasury transfer debts at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers on the account of the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and national term debts due to farmers amounting to 12 trillion and 568 billion dollars."   https://www.mawazin.net/Details.aspx?jimare=263396

MAJEED: "And the rate will be $4 per 1 IQD " ‪@DINARREVALUATION‬