Coffee with MarkZ, joined by MilitaMan. 06/20/2024
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
Coffee with MarkZ, joined by MilitaMan. 06/20/2024
Member: Good Morning Fellow RV’ers
Member: Good Morning Mark, Mods and MilitiaMan
Member: Today is the First Day of the Rest of Our Lives to pay it forward!! I am excited with anticipation
MZ: Most of our intel today will come from MilitiaMan. Thanks MM for taking the time to join us today.
MM: Glad to be here.
Be sure to listen to the replay for the discussion on AI (Artificial Intelligence) and much more…..
MM: Iraq is still moving forward with their monetary reform and the project to delete the zeros. Alaq has stated this and Sudani refers to it. In the 2024 budget they mention numbers that mirrors what Al Sudani says.
MM: They are doing a $4.9 billion dollar pipeline to go through Jordan. If you do the math –the rate comes out real close to what Al Sudani said….which is about $1.32. This effectively deletes the zeros IMO…and a lot of people agree with me
Member: Current dinar rate is 1310…..so delete the zero and add a decimal…..and its real close. $1.31 ish
MZ: This does not mean they chop the zeros off our notes and it has less value.
MM: It is not a lop.
Member: MilitiaMan will the rate be fixed or a float?
MZ: I don’t look for a wild float but a very controlled of fixed float. IF there is a float.
MM: Saleh who is the prime ministers financial advisor has released several article on this. I think a managed float is exactly what they are talking about. It’s a form of a fixed…and a form of a float. It’s a component of both.
MZ: So how does that work for people? Let’s say they come out with a rate of $2 and we think it should be $4. Do we hang onto our IQD? Do we put it into a multi currency account? Any thoughts?
MM: I am not a financial advisor. I have a feeling if they came out with a rate similar to that….they would have to keep the rate in a tight range. If there was to be growth…imo it would be as conservative as they can. They will need to keep the rate stable on the dinar. Contractors would not appreciated rate or price changes every day.
MM: So I think the stronger it is….remember the reinstatement rate 20 years ago of $3.22. Even the IMF has documents stating this was a relevant number. If it came out at that….they would keep the rate in a relevant range. Could it grow from there? It could. And they could adjust that accordingly but would probably keep it pretty tight.
MZ: I can’t see more than a 2-5% change as allowed in a float. I am not looking for wild swings.
MM: Remember that forex trades too many decimals. They make a lot of money with a small amount of movement.
MM: So I think it will be a tight range on a managed float
MZ: That is what Shabibi said. Of course we won’t know until we get there. It’s possible $3.22 or higher. To me it doesn’t make sense to start at .76 cents or $1.32 to take 15-20 years to wait for it to grow. IMO they need to start closer to their end goal…imo
MM: I do not disagree with that.
MZ: It looks like to me $1.32 is our worst case scenario.
Member: I think the Iraq rate will come out close to what Kuwaits rate is.
MM: Yes that is added value. Then if they add the international calculation it will bring them into article 8 complience with the IMF.
Member: It's moving forward! Very excited! If it isn't as high rate as we initially thought, It's Way more than I have right now! Still think it will go higher. Praise God!!
Member: Do we believe this will be released promptly or drawn out over weeks or months????
Member: Iraq is not the kind of place where you announce to the people that the currency is going to leap up soon, unless you're going to do that.
MZ: In Iraq I have numerous reports from contacts on the ground that the CBI has released a video in the last couple of days showing Iraqis how to put their old currency into the ATM so they can deposit money. Which to me is a great sign. This will make any value change much easier to do it electronically. .
MZ: MM any thoughts on timing? I believe things are spiraling towards the finish.
MM: Interestingly enough. After the release of that video….which I think was a good one….well in the comments it looks like there was a computer printout that shows or helps support the delete the zeros is now in preparation mode. The date on the printout was May 22, 2024.
MM: What was interesting about May 22 was Executive order 13303 was resigned . but no one knows exactly when this RV will happen.
MZ: Thanks MM for being with us here today.
Be sure to listen to the replay for all the details…….they both speak very fast.
Member: I saw an article where Vietnam is going cashless….Will this interfere with our RV?
MZ: No it will not. Many are trying to go cashless because it is efficient. But for me it is scary. What happens if technology goes down? Major power outages and the whole world is paralyzed.
Member: I went grocery shopping during a power outage.and they handed us a tablet and a pen and we wrote the prices down and they totaled it on a calculator at check out, BUT you had to pay either cash.
Member: If we go cashless, all big Bro has to do is flip a switch and your account is emptied. Then what do you do?
Member: Praying the CBDC’s fail and we get the QFS and new USN cash…..Cash is more secure then digital money…….but digital is convenient……a balanced system should use both.
Member: Small story: I talked to guy yesterday that was installing an ATM. I mentioned Bitcion on some machines. His are not. Asked they do foreign currencies. He replied, Dinar, no. It opened a great conversation.
Member: Global Economy on Edge: As Fears of a Dollar Crash and Black Swan Events Loom, Speculations of an Iraqi Dinar Revaluation Add to Market Uncertainty and Stir Financial Strategies
Member: Bank of England printing losses THREE times higher than FED!
Member: Everything will be returned 10 fold. Hang in there!. God is good. Stay strong!
Member: Have you accepted the fact you are very wealthy. what are you doing to prepare your mind, you are worthy and accepting of all the riches of this investment .
Member: This will be an epic 4th of July. Thanks to all today….great information.
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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.