Coffee with MarkZ and Andy Schectman. 02/13/2025

 Coffee with MarkZ and Andy Schectman. 02/13/2025

 20Feb 13

Coffee with MarkZ and Andy Schectman. 02/13/2025

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: Good morning to all ..it is so good to be here and another great day to be alive..

Member: Hearing g good things!! let's go!

Member: Any news on CMKX and Prosperity Packages? Hearing that there is now liquidity to let them go??

Member: I am hearing things are flowing !! Not our 4B yet. but the people who need to go before us . !!

MZ: We are hearing those same rumors. I was saying last night that we are such a tight knit community….if someone is paid …we would all know it . I have not been able to confirm from anybody that they are receiving dollars….yet. 

MZ: We are hearing from those claiming they are connected with trustees that say they are absolutely receiving money …its put into place….they have updates and should be distributing soon. 

MZ: When it is time …I will scream like a stuck pig. I have many contacts in Omega Freedom and Heritage PP’s.  Plus I know two of the original farm claim holders and others…..so I will know when it happens. 

Member: I hope your gut is feeling excited …mine certainly is…could it be this week?

MZ: I don’t think it’s this week although we have seen a lot of progress. I do believe money is in place and ready to go. I believe we are very much in the process. My guess is next week

Member: Maybe this Saturday night when banks worldwide are all closed?

MZ: I find things are pretty interesting on who is where….Right now we are being told Sudani is in Prague, one of his top deputies is at the US in NewYork…..Pres. Trumo is now sitting down with India’s Modi …so let’s think BRICS…let’s think World court…..Let’s think UN for monetary values change…..We are talking World court, UN, and pretty much everybody is where they should be to make something move. I enjoy watching geopolitical moves right now. 

MZ: Plus a Putin/Trump meeting is on the way. 

Member: MM must listen to from last night! This are happening!!

Member: "Parliamentary Finance Committee expects to send budget tables next week", (Delayed by amendments)

MZ:I keep hearing they will be presented on Sunday. 

MZ: “The Presidency of the Republic approves the controversial laws”  These are finally finished and done. ….Lets move forward now with financial reforms . 

MZ: “Rasheed’s Bank capital jumps from 2 Billion to 50. What are the compelling reasons?” The bank has shown it can be trusted and citizens are depositing. 

MZ: They are telling us in many different articles they are now moving to the third and final part of their reforms. The third phase includes lifting the purchasing power of all Iraqi’s…Sudani has said they are going to restore the dinar to its former glory as the most valuable currency in the world. . . 

Member: Dear God let the RV be in this third phase. 

MZ: “Iraq is financially stable and does not need aid”  They are telling us they do not suffer from a deficit.  They are saying they are the ones to help other countries now. Dr. Shabibi (former Gov. of the CBI) always said if they give him safe and stable …he would release the new rate of the dinar. 

MZ: “Bank of Scotland is set to close more than 20 branches”  With a new banking system we won’t need as many branches. We will see a lot of bank closures throughout this process. 

Member: Will there be a second basket of currencies?

MZ: From what we are seeing right now….there may be a second basket of currencies….Those that don’t make it into the first basket. Like the Iranian and Afghanistan currency. What I am closely watching for the second basket are the Central African currencies.  These are some of the richest mineral countries in the world. I also like Mongolia. 

Member: possible first basket currencies..1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial possibly 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly 20. India 21. Libya 22. Japan23. Zimbabwe

Member: Are we exchange or redeeming, so which is it exchange" means trading one asset for another on a market, while "redemption" refers to selling an asset back to the issuer, usually for cash,

Member: I always heard we exchange currency and redeem bonds?

Member: personally....looking like March for RV , when ISO 2022 Banking changes are having to be implemented.

Member: What are the chances the RV will go before America is Gold backed?

Member: I think they may have to finish auditing the UST, The Fed Reserve and Fort Knox before we get the gold backed USN currency. 

Member: Elon Musk endorses Ron Paul leading investigation into the Federal Reserve.

Member: Trump spoke on auditing fort knox by D.O.G.E.

Member: Treasury site has 3000 pages available to dig through “Office of Foreign Assets Control “ specially designated nationals and blocked persons list. Eye opening!

Member: They need to revalue the gold reserves in order to go gold back currency-imo

Member: Maybe Iraq will go first and then the reset happens when we go gold backed????

MZ: “Massive amounts of physical gold moved from London to COMEX”  gold and silver are flooding into US warehouses…..This is exciting. In the article is states the US may be planning to revalue its Gold reserves….which is presently valued at $42 an ounce. Andy has some bombshells on metals to drop when he joins us this morning. 

Member: Dang…Gold on the markets is close to $3,000 an ounce!!

MZ: By doing some quick math- by revaluing our gold reserves that would drop our national debt deficit down to about $500 billion dollars. In other words we could have a balanced budget by revaluing gold to its market value. This is based on real market metals in today’s market….This is sound economics and common sense

MZ: We first saw them float this idea in House resolution  bill 2025. (Or something like that) (from Wyo Senator Cynthia Loomis.?) This is playing out…we are watching it …I think we are about to see it. 

Member: IMO- That would basically be our new gold backing for our currency….woohoo

Member: This weekend is a 3 day weekend for Presidents Day on Jan 17th

Member: World Fair starts Memorial Day this year, ends July 4, 2026

Member: Chinese New Year and Ramadan are both coming up soon. 

Member: this feels like we are at the end of the race. we are just stretching the ticker tape and just waiting for it to break! this is rough!

Member: Thanks Mark and Mods…..everyone enjoy your day. 

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information and opinions

FIREFLY: We have made it to the finish line, We just need to cross it now! @DINARREVALUATION #iqd

 

CONTROVERSY OVER THE DOLLAR IN IRAQ.. EXPECTATIONS OF A PRICE INCREASE AND THE GOVERNMENT REASSURES! , 13 FEB

 CONTROVERSY OVER THE DOLLAR IN IRAQ.. EXPECTATIONS OF A PRICE INCREASE AND THE GOVERNMENT REASSURES! 

The exchange rate is volatile and the dollar is rising against the dinar, which is putting the Iraqi economy in great challenges, raising fears of a possible financial crisis. While the government confirms the stability of monetary policy, experts warn of the impact of financial restrictions and increased spending on market stability, stressing the need for urgent reforms to ensure the sustainability of the economy. 

The advisor to the Iraqi Prime Minister, Dr. Mazhar Muhammad Salih, said that “the government is not currently considering amending the exchange rate equation or what is known as “monetary adjustment”, denying the speculations circulating in this regard. Salih explained, in an interview with (Al-Mada), that these rumors are not based on realistic foundations within the current monetary policy, stressing that the monetary sector in Iraq enjoys clear stability.

Salih pointed out that “this stability is due to the strong foreign reserves possessed by the Central Bank of Iraq, as the dollar coverage rate for the dinar exceeds 100%, which contributes to controlling the financial market and reducing the impact of the black market for the currency, despite the price difference that reaches about 13% from the official price.” The advisor explained that foreign reserves are a major tool for controlling the level of cash liquidity within Iraq through open market operations, which is one of the mechanisms adopted by monetary policy to control the economy. He also confirmed that the Central Bank meets more than 95% of the local market’s needs for dollars, at an exchange rate of 1,320 dinars per dollar, which enhances the stability of the monetary market.

Regarding financial policy, Salih confirmed that it has effective tools to control expenditures and increase revenues without compromising With the stability of the macroeconomy, stressing that resorting to financing the fiscal deficit through inflation, or what is known as inflationary taxes, is one of the worst financing policies due to the price fluctuations it causes and the negative repercussions on the purchasing power of the general budget and citizens’ cash income.

Member of the Parliamentary Finance Committee, Hussein Mounes, had warned of the danger of expanding government spending, stressing that the operating budget is largely consumed on luxury issues, which necessitates reducing it in the 2025 budget.
Mounes explained that the Ministry of Finance faces major challenges in providing salaries, as it enters a state of financial warning on the twentieth of each month, due to limited tax revenues, as only 3 trillion dinars are collected annually out of an expected 9 trillion. He also pointed out that there are daily transfers of up to $250 million, but tax revenues do not reflect this amount, which constitutes an imbalance in the financial system.

Mounes expressed his concerns about the lack of a clear economic plan to confront any potential decline in oil prices, stressing that Iraq could face a serious financial crisis if oil revenues decline, which could push the government to raise the exchange rate again as a necessary measure.

In the same context, economic expert Ziad Al-Hashemi criticized the measures taken by the government and the Central Bank, considering that they were not sufficient to achieve stability in the dollar exchange rate. He pointed out that “the ongoing gap between the official rate and the parallel market continues to negatively affect the Iraqi economy,” stressing that the government and the Central Bank have not been able to achieve the target exchange rate of 1,300 dinars per dollar over the past year and a half, which has led to significant economic losses.

Al-Hashemi explained to Al-Mada that “the Iraqi financial system suffers from the concentration of foreign transfer operations in a limited number of banks, as the state relies on only four to five banks through the system of strengthening balances using foreign correspondent banks,” which he described as “a bottleneck that threatens the stability of the markets.” He stressed that the lack of banks capable of executing foreign transfers leads to a decline in the amount of dinar available to the government to cover salaries and subsidies, and contributes to a decrease in the supply of the dollar, which prompts traders to resort to the parallel market, thus increasing its value.

Al-Hashemi criticized the slow response of the Central Bank of Iraq in expanding the base of banks that can execute foreign financial transfers, considering that this delay leads to the continuation of the exchange rate crisis. He also warned of the potential repercussions of US restrictions and sanctions on some Iraqi banks and economic entities, noting that any new measures by the US Federal Reserve may increase the level of demand for the dollar and raise its prices. Al-Hashemi stressed the urgent need for urgent banking reforms, calling for taking more effective measures to ensure the stability of the exchange rate and prevent the exacerbation of the economic crisis in the country.

WHY IS THE DOLLAR STILL RISING ?
Dr. Nawar Al-Saadi, professor of international economics at the University of Bucharest in Romania, believes that one of the main factors behind the rise in the value of the dollar against the Iraqi dinar is the continued US restrictions on dollar flows to Iraq. He explained that the US Treasury Department imposed strict control measures on financial transfers, which made obtaining dollars more complicated and forced Iraqi banks to comply with strict auditing requirements, which led to a reduction in the supply of dollars in the official market.
Al-Saadi added to (Al-Mada) that “the demand for the dollar in Iraq is witnessing a continuous increase, especially from traders and importers who need hard currency to complete their foreign trade transactions. This increasing demand has prompted many of them to resort to the parallel market, where prices are much higher than the official price, which has exacerbated the gap between the two markets.”

The problem did not stop there, as Al-Saadi pointed to the phenomenon of smuggling dollars to neighboring countries, especially those suffering from international sanctions, which imposes additional pressure on the Iraqi exchange market. He explained that a large portion of the available dollars are smuggled instead of remaining in the local market, which further complicates the economic crisis.

Regarding the procedures followed by the Central Bank of Iraq, Al-Saadi explained that “the bank has pumped large quantities of dollars through the currency sales window, but the problem does not lie only in the availability of the currency, but in the mechanism for distributing it and ensuring that it reaches the parties that actually need it.” He also stressed the need to improve the efficiency of the Iraqi banking system and accelerate the procedures for legitimate financial transfers to reduce the bureaucratic complications that affect the flow of hard currency.

Al-Saadi pointed out that “the current economic crisis is not limited to monetary aspects only, but extends to broader structural challenges, which requires the implementation of comprehensive economic reforms, including reducing reliance on the dollar and enhancing local production.”

He added that the continued gap between the official and parallel price may exacerbate the crisis, which makes expectations of a rise in the dollar against the Iraqi dinar valid under the current circumstances.

MAJEED: Didn’t Iraq claim today that the country is bankrupt? ????, 13 FEB

 MAJEED

Didn’t Iraq claim today that the country is bankrupt? ???? Today, Iraq forgave debts owned to Iraq by another countries Meaning they dropped all the debt from the old financial system … Because they are moving to the new system LFGGGG

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Majeed KSA

@majeed66224499

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6h

Kuwait in 1992 “ changing the rate will take a year because we need to do a lot of work” Within a few days, they changed the rate Read the quoted post “ the country is bankrupt” Kurdistan will start exporting oil on Monday They cannot export x.com/majeed66224499…

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1:18 PM · Feb 12, 2025

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FIREFLY: A delegation from the CBI will go to the USA in early April!, @DINARREVALUATION #iraqidinar

 

IRAQ PREPARES TO IMPLEMENT THE FIRST HISTORIC TRANSFER OPERATION THROUGH THE INTERNATIONAL (TIR) ​​SYSTEM, 13 FEB

 IRAQ PREPARES TO IMPLEMENT THE FIRST HISTORIC TRANSFER OPERATION THROUGH THE INTERNATIONAL (TIR) ​​SYSTEM

The International Road Transport Union (IRU) announced Iraq’s readiness to implement the first historic transport operation via the international road transport (TIR) ​​system, in a historic step towards enhancing cross-border trade.

During a visit last week, the Union confirmed that Iraq is close to achieving a major achievement in international trade, as it will soon witness the first transport operation under the umbrella of the internationally recognized system for customs transit, noting that this step reflects Iraq’s commitment to modernizing the trade sector and adopting international practices.

A specialized workshop was also organized, focusing on the importance of the United Nations international agreements, such as the TIR Convention and the Dangerous Goods Convention, highlighting the role of these agreements in simplifying trade, enhancing security and reducing accidents.

The Federation stressed the importance of cooperation between the public and private sectors to ensure smooth implementation of the two mentioned systems, which contributes to enhancing Iraq’s position in regional and international trade.

In conclusion, the Federation stressed that this step represents a new beginning for Iraq in the field of transportation and international trade, with the adoption of the best international practices to enhance efficiency and economic growth.