Thursday, September 7, 2023

IRAQI DINAR NEWS TODAY,

"RV UPDATE" BY MARKZ, 7 SEPT

 MarkZ   [via PDK] 

  Question:   If IQD and VND have agreements…will they not float up together?   MarkZ:   I do not expect a float. But, I am prepared in case there is one.  I expect a substantial change in value …then maybe a small float. 

...we are starting to see changes in bank values etc. But, not an open trade on them yet...We have seen this in the past and it’s our theory that they are preparing the process when we see those rate changes. Is this the one where they actually pull the trigger???...The banker side has a lot of anticipation for late this afternoon ...

We have bank personnel keeping us abreast if any of these currencies become “tradable”...We will see what materializes.  

 There are interesting things showing on currency converters…from the Forbes one to the EIX…. There are some interesting values showing on many of our currencies... There are a lot of “inconsistencies” on currency calculators right now. We are seeing Bolivar made it up to .35 cents. (doesn’t mean you can exchange it right now) We tried... Dong rates have also been bouncing around... 

  Member comment:  [Guru] Frank26 says he knows someone with contracts in both Iraq and Vietnam who wanted to expand. His financial advisors told them wait…as both countries are about to change in a huge way.   MarkZ:  That would be accurate. The sheer amount of business those 2 countries do with each others currencies that both hold in their foreign currency reserves is huge. They have to both go at once.  IMO.

 We just need to get through the very end of what appears to be the end of our journey.  They are doing a good job on keeping people quiet. They have cracked down even harder on leaks.  They absolutely do not want anyone to know ahead of that money is moving.   Still hearing from the Iraqi side that…politicians are talking about a 1 to 1 rate yesterday in Iraq.

 I certainly expect more than that. Lots of rumors from Iraq that we may see the new rate this week. Just try to stay grounded…the news is all over the place.  Member comment:  Some gurus say it will happen within 24-48 hours.  Markz:  A lot of people at the upper levels of the banking world are saying that….

Political movement: Washington does not want stability in Iraq and is angry with the people's satisfaction with the government, 7 SEPT

   Political movement: Washington does not want stability in Iraq and is angry with the people's satisfaction with the government

The Secretary-General of the Jihad and Construction Movement, Jawad Rahim Al-Saadi, confirmed on Thursday that America and the enemies of Iraq do not want the stability of the situation, especially the security situation in the country, pointing out that what annoys them most at the present time is the people's satisfaction with the government. 

Al-Saadi told Al-Maalouma, "Iraq possesses strong intelligence services that are able to detect and thwart any attempt to cause a security breach or terrorist operation from outside the country before entering Iraqi territory." 

He added, "Iraq began to recover in security after achieving victory over terrorism, but there are those who are trying to raise problems and problems after finding that there is satisfaction and acceptance by the people towards the Sudanese government." 

And he indicated that "what angers the enemies of Iraq most, including the American side, is the people's satisfaction with the government."

Al-Saadi indicated that "there are those who seek to ensure the stability of the country and the continuation of security tensions in various regions and governorates."  link

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US Treasury Draining Fed Repo Market | Andy Schectman

Andy Schectman updates us on the latest moves toward de-dollarization and foreign countries moving toward trading in local currencies.

Here in the U.S., Schectman explains the ominous debt situation and the necessity for further debt monetization by the Fed.

These trends can only cause more inflation and a destruction of savings, he says.


Report: Iraq maintains its credit rating thanks to political stability and the tripartite budget, 7 SEPT

Report: Iraq maintains its credit rating thanks to political stability and the tripartite budget

The Ministry of Finance confirmed on Tuesday that Iraq maintained its credit rating of B-/B with a stable outlook, according to S&P.

According to a statement released by the ministry, Iraq has maintained its credit rating of B-/B with a stable outlook in the latest report by Standard & Poor’s (S&P) credit rating agency. The report emphasizes Iraq’s financial and economic stability.

“The new classification reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance. Additionally, it is a result of maintaining a level of foreign currency reserves that exceeds the external public debt and fulfilling other external financial obligations due to the stability of crude oil prices,” she explained.

The ministry stated that the report used several indicators for its classification, with the most significant being the Iraqi parliament’s approval of the tripartite budget for the years 2023, 2024, and 2025. This budget aims to revive infrastructure projects and meet economic needs. Furthermore, the ministry added that the formation of the government at the end of 2022 has led to a state of political stability.

The report stated that a significant current account surplus is expected, which is in line with economic expectations. This surplus will further strengthen Iraq’s foreign currency reserves and support its ability to repay debt obligations over the next 12 months.

The agency has predicted that the economy is expected to grow at a rate of 2.6% annually from 2023 to 2026. This growth is attributed to an increase in oil production, which will have a positive impact on the non-oil sector. Additionally, the annual inflation rates are projected to decrease to 4% by July 2023, down from 5-6% in 2021 and 2022. This is due to the government’s efforts to revalue the currency, implement price control measures, and provide support for food and energy prices.

The report from the agency suggested that Iraq’s credit rating could be improved if the country can achieve a high rate of economic growth, diversify its public financial revenues (both from oil and non-oil sources), increase the per capita income share of national income, and continue implementing financial and economic policy reform measures.

 

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 7 SEPT

 Frank26 (KTFA)

If we had about a million Americans citizens all of a sudden came out millionaires instantly that would be a really good shot in the arm for America’s structure wouldn’t it?  It would

[Iraq boots-on-the-ground report]

FIREFLY: The television is now showing the CBI now has finger prints and web cameras when purchasing dollars for travel abroad. They’re not letting anything slip anymore. The purpose Sudani said is the CBI is happy to do this because some people are still pulling tricks and getting away with buying and selling more dollars. This will help curtail this corruption.

FRANK: Every form of corruption is being removed.  And every form of corruption is stealing the Iraqi dinar.
 
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FRANK :  If we had about a million Americans citizens all of a sudden came out millionaires instantly that would be a really good shot in the arm for America's structure wouldn't it?  It would.

 FIREFLY:  They're telling us the official rate technically is 1132.  They say in news about budget has words in it saying the exchange rate will be adjusted. 

FRANK:  The CBI told you this?

  FIREFLY:  Yes...And it will be retro to January 1st... 

FRANK:  This is Earth shattering.  Powerful...If they lift the three zeros can you live with $1.13?

Evening News with MarkZ 09/06/2023

Wednesday Evening News with MarkZ

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 Evening RV Family!!!

MZ: Very little happening we can track in the real world. (news articles ect)  I am hearing a lot of feedbacks from groups

MZ: What I am hearing from group sources and Reno sources  and other redemption city sources is that its anywhere from now until Saturday.

MZ: I am hearing from military sources that they are pushing for everything to have been completed by Nov.1st. and we will have done all our exchanges and our current cash will be worthless by then?   This means things need to happen crazy fast.

Member: Looking forward to seeing our new USTN notes for sure.

MZ: One source says this evening…another says Friday and another thinks it’s Saturday. We do not know the timing. They are clouding it on purpose..  I am not hearing that its way out there…I am not hearing its next year. Everything I am hearing is it will be wrapped up this fall.

MZ: For us to be finished by then they need to start immidiatly.  

MZ: No feedback from the bond side. They have really clamped down …I am impressed.

Member:  The Calm Before the Storm!

Member: I wonder Does the current IRAQI holiday til Thursday play into the “no news” scenario

Member:  Charlie Ward says it will be on a Thursday. So my guess is tomorrow!!!

Member:  today, TNT Tony said “any moment now” according to his sources

Member: Are the exchange fees a set rate or a sliding scale? 

MZ: I am told it’s a set rate and figured in already on the back end ..it’s already figured in…it does not come out of what they are paying us.

Member: Is it true at the RV that from all currencies we turn in 80% will have to go to Humanitarian projects and we only get to personally get to keep 20%. is it true? I thought it was only for Zim?

MZ: Not true.

Member: So do you know what is delaying the RV

MZ: I heard over the last weekend that a lot of progress was made and nothing is delaying anything.

Member: Thank you to all Mark and mods you’re all appreciated!

Member: Everyone have a great evening.

AFTER THE NEWS UPDATE WE WILL TAKE A SHORT BREAK AND JOIN MARK BACK AT 8:00 PM EST FOR WHISKEY & WISDOM.

“THE INFO IN THIS PODCAST IS FOR GENERAL INFO & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY.

Markz will be on rumble on SATURDAYS ONLY so he can speak his mind. You will find him on YouTube during the week.

SATURDAYS  GO TO: Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

GUYS YOU CAN FIND ALOT OF INFO AT MARK’S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ “Back To Basics” Pre-Recorded Call” for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

JUDY NOTE, 7 SEPT

 Global Currency Reset:

  • Wed. 6 Sept. Evening MarkZ: Group, Reno and other redemption sources say its anywhere from now until Sat. 9 Sept. Military sources say that they are pushing for exchanges to be completed by Sun. 1 Nov. and that our current US Federal Dollar would be worthless by then. 
  • Tues. 5 Sept. Texas Snake: Folks just to inject some RV news I am being told by multiple sources that we are within hours or only a few days for this to trigger so please stay alert and connected to these rooms for any notifications, stay well and GOD Bless.
  • Tues. 5 Sept. Bruce: A high ranking banking contact said that timing for Bond Holders was extended to  Wed. 6 Sept. at 6pm. On the 1st of September the World Global Fund came together. The World Alliance Fund used some of these Trusts like St. Germaine and others to pay off the National Debt to the turn of 21 Trillion Dollar, plus all the debt throughout the world. Each country’s debt was paid off. The USA Inc is defunct and we are now the newly Restored Republic. The first fruits of Nesara and Gesara in terms of Debt Relief and Jubilee.
  • Mon. 4 Sept. TNT RayRen98: “Meetings took place over the weekend. Agreements were met. New docs needed signatures. It’s all a wrap now.”
  • Tues. 5 Sept. Forbes Converter Zim to USD: https://www.forbes.com/advisor/money-transfer/currency-converter/usd-zwl/ 
BY JUDY