“I have been given a date ofWed. 21 Aug.for the revaluation of the Iraqi dinar. The bond holder remains excited about the possibility he will get paid today.”
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MIKE BARA
A contact went to the bank (Big 4) today to buy more currency.
He was told by the manager, who acknowledges the RV, not to bother, because he would be coming back to exchange in "two days."
Same contact was also told that "this week" the market would drop "2,000 points."
That's not enough to make an impact. I think he misheard and was told the market would drop TO 2,000 POINTS. Don't forget, Andy Schectman predicted this on my interview with him two weeks ago. (link below).
He said the US markets could drop to the value of Gold, which is around $2,454 an ounce.
Also hearing the Crowdstrike hackers got access to the crash protection algorithms, and that when the plunge begins, they won't be able to halt trading. This is how it will be portrayed anyway.
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
Member: Well good morning to all today….. the question of the day will it happen tomorrow
Member: Feels like Groundhog Day every day.
Member: Sure would be nice to know when this is coming.
MZ: The news is staying consistent….We just want it now. There is nothing negative though….I am still hearing a lot of chatter about between now and the 15th. A lot of well- connected people still think this is a high possibility.
MZ: I thought this was interesting “ Iraq and Iran to create a new economic city.” This is similar with what China did when they were experimenting building new cites for new systems for economies, governments ect……They created enterprise zones like Shanghai and Hong Kong. I think this is great for Iraq and Iranian people….
MZ: “ BRICS confirms 159 participants and will adopt new payment system” So a new payment system for countries to get around the SWIFT system. And the launch is coming. Think about this…. …. The western banking system and SWIFT have ruled the world for quite some time. 159 countries stepping out of it….thats 3/4ths of the world leaving the SWIFT system…..and all of those commodities stepping out of that system …If you don’t think we are winning…you are not paying attention.
MZ: They have laid the groundwork…We are watching these nations aggregate the gold …and they are openly stating they will move to a gold backed system with 40% gold and 60 % a basket of currencies. Very much asset backed compared to what we have now.
Member: I wonder with all these countries going to a gold backed currency… why is the U.S. going to be the last one?
Member: If the rest of the world goes gold backed- The US will be forced to as well…or have no one to trade with……The rest of the world does not want worthless fiat moneybacked by nothing.
Member: Seen a commercial for TD for 5% interest on investment as we prepare to move to gold standard
Member: I heard many groups have received money but it’s not spendable yet?
MZ: I have heard some saying they have received money but not allowed to distribute it yet.
Member: That seems to confirm the “shotgun start”!!
Member: Is this our week Mark?
MZ: I pray this is our week. We don’t know for sure if it is or isn’t….but I will keep plugging no matter what.
Member: Mark a couple months ago you said that you thought this has "started" Do you still feel the same now?
MZ: I still absolutely think it has started.
Member: Mike Bara posted last night bonds are moving
Member: Could it be that it goes live at the start of the 4th quarter since it’s the new fiscal year ? Starts oct 1st.
Member: Kuwait say that they weren't reevaluating for a while and low and behold they revalued!!
Member: Mark, so many are running out of gas. Some are giving up. I don’t think many of us have much left in the tank
MZ: I hear you…..But the only option is to give up. I know in the end we win and fundamentals rule.
Member: I’ve been feeling beat (out of gas) too. But I re-grouped, prayed….Keep the faith and be open to receive hope.
Member: Giving up is not an option.
Meber: Thanks Mark and mods….Everyone enjoy your day
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
[via PDK] ...my expected window opens today…(11th through the 15th).
Question: Is your gut still screaming between the 11th and the 15th?
MarkZ: Yes it is…. I know that chatter from Iraq has been fantastic.
MarkZ
[via PDK]
...article from Baghdad today: “It will turn the parallel market upside down-
Sources: Expected decisions from the Central Bank will confuse markets and raise exchange rates”
When they say raise exchange rates…they are talking “in the wrong direction”...
So if one US dollar now equals 1310 dinar…it will go to one US dollar equals 1500 dinar or so.
So what they are going to do is have an auction on US dollars. They are planning on injecting more US dollars into the markets and buy dinar off of the streets.
“To help support the exchange rate” is the claim. And to help clean up the sanctions and money laundering
Think about this. It will hurt the value of the dinar temporarily but allows them to buy it at a discount through major auctions. Suck trillions more dinar off the streets…What a great prep going into a re-valuation. It will help them justify a higher value.This may be major for us.
This is my theory and I think it makes sense.
Comment: Sounds like bad news to me…like they won’t RV for weeks now.
MarkZ: If auctions are immediate - they could be ready in a day or two. I believe they will move forward quickly on this... Remember Sudani said just last week that they plan to revalue this year during his administration….I think the timing is great and they are setting the stage.
🛡️ Reserves exceed international standards, enhancing investor confidence.
🌍 Strong reserves signal economic viability to global investors.
🏭 Government urged to stimulate local industries over imports.
🔄 Diversifying the economy could strengthen the Dinar’s value.
🎉 Weekly giveaway for viewers to engage with the channel.
Key Insights
💵 Financial Security: Iraq’s $113 billion reserves allow for a year of expenses without new revenue, showcasing fiscal health. This stability is crucial for the Dinar’s strength.
🚀 Investor Confidence: The significant reserves signal to international markets that Iraq is economically viable, potentially attracting foreign investments and driving growth.
🌱 Economic Diversification: By investing reserves into local industries, Iraq can reduce oil dependency and create job opportunities, fostering long-term economic stability.
🔒 Crisis Preparedness: Having reserves that exceed the standard six-month cover demonstrates Iraq’s preparedness for emergencies, reassuring citizens and investors alike.
📊 Currency Strength: Strong financial backing may facilitate a revaluation of the Dinar, making it more attractive in the global market.
🤝 Global Relationships: Maintaining large reserves enhances Iraq’s international relationships, positioning it as a stable investment destination.
🔄 Domestic Growth: Prioritizing local economic activity over imports could stimulate growth and self-sufficiency, ultimately benefiting the currency’s valuation.
AL-SUDANI, THE PRIME MINISTER OF IRAQ, ISSUES A NUMBER OF DIRECTIVES WITHIN THE FRAMEWORK OF DEVELOPING ELECTRONIC PAYMENT SYSTEMS
Prime Minister Mohammed Shia al-Sudani directed, today, Saturday, to take a package of measures and directives to develop electronic payment systems and services and follow up on their implementation by specialized committees.
A government source said, according to the official agency: “Within the framework of Prime Minister Mohammed Shia al-Sudani’s continuous follow-up to the development of electronic payment systems and services, and in light of his review of the field supervisory reports related to the implementation of these services in various Iraqi ministries and institutions, he directed to take a package of relevant measures and follow up on their implementation by specialized committees.”
He added, “The directives were as follows:
1.Directing the Ministry of Planning,in cooperation with the Central Bank of Iraq and the World Bank, to create a national budget allocated to support and develop digital payment systems across the country.
2.Directing all ministries, including the Central Bank of Iraq, to prepare an electronic cash flow statement periodically to ensure financial transparency, determine liquidity and manage risks, which contributes to improving financial planning. 3.Directing ministries and government institutions to establish strategic partnerships with banking and non-banking financial institutions as well as technology institutions and adopt effective action steps for cooperation and exchange of proposals and expertise.
4.Obligating financial and banking institutions to develop their technical and digital systems in accordance with the latest international standards, including strengthening anti-money laundering and anti-fraud systems; in order to ensure operational efficiency, improve the quality of banking services and achieve full compliance with regulatory controls.
5.Obligating financial and banking institutions to develop cyber protection systems and adopt the cyber resilience document, with strict adherence to the controls issued by the Central Bank regarding electronic governance, to ensure comprehensive protection of banking systems against cyber threats and ensure business continuity in the face of crises.
6.Directing ministries and government institutions to develop capable government work teams to follow up on electronic payment operations on a daily basis through training and qualification, and through specialized system portals provided by payment services companies.
7.Directing the Ministry of Communications to cooperate with ministries and government institutions to expedite the adoption of the Electronic Signature and Electronic Transactions Law No. 78 of 2012 to be compatible with the requirements of electronic payment and collection settlements in the Ministry of Finance in cooperation with the Central Bank of Iraq.
8.Instructing the Ministry of Finance to submit a study on the mechanisms for creating intermediate accounts, adopted by government institutions as a mechanism for dealing with restricted government accounts to solve the problem of interruptions for citizens in the event of failure of financial operations.
9.The Central Bank shall issue directives to private and government banks to deal transparently and not discriminate between electronic payment companies.
10.The Central Bank of Iraq shall prepare what is necessary to cancel the prepaid ceilings for cards used locally to ensure wider and more flexible use.
11.Directing ministries and government institutions to establish specialized units within government departments to facilitate financial matching and settlements and resolve disputes arising from electronic payment, in coordination with banks.
12.Directing the Integrity Commission to intensify monitoring of collection points in government departments to ensure transparency and integrity.
13. Directing the Financial Supervision Bureau to develop and legislate administrative and financial updates that are compatible with electronic payment systems and to follow up on them on an ongoing basis.
14. Emphasizing on government institutions and electronic payment service provider companies to implement the paragraphs contained in the electronic financial collection and collection agreements according to the responsibilities of each party contained in those agreements.
15. Directing government banks to complete the activation of the comprehensive banking system to improve financial and administrative performance.
16. Obligating all ministries and government institutions to adopt advanced electronic administrative and accounting systems to enhance efficiency and transparency.
(I just want to ask you one question. Do you think the implementation of the Electronic Signature and Electronic Transactions Law No. 78 of 2012 is important prior to getting the RV and reinstatement? This is literally almost all they are talking about these days. YES, its important!!!!! 😊 Let’s follow its implementation then and see where it gets us. Can they complete it by eary 2025?)
Tues. 10 Sept. 2024: A Spanish speaking news channel (assumed from Mexico)
has announced the gold backed currency, revaluation of the dinar, fall of the $USD, that in July the US and Iraq had agreed to have all US troops out of Iraq by sometime in September and that wouldn’t happen until they were paid (by the revaluation) and how many are going to be extraordinary rich.
They have been waiting for this for so many years.
