Tuesday Evening News With MarkZ 11-12-2024
Tuesday Evening News With MarkZ
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 evening Mark, mods and all yall fine folks! Exciting day for the IQD!!!
Member: I hear They are testing things again. The exchange rate on Google went to .076 for a few minutes.
MZ: Yes it did show that for awhile and then went back to 1310…..In other words moved a couple of decimal places….This is important. We can’t exchange yet but it shows they are testing the system. At this rate 1 million IQD would be worth about $76,000!!! Testing is underway.
Member: I heard the real value of the Dinar will not be on the Forex until after we start.
Member: Why would the test rate fluctuate so much? Couldn’t they just adjust it by a coupe of numbers to test it?
MZ: No, because they test it against a basket of goods. It’s like when you throw a big rock in a pond –you see the waves or ripples…..if you throw 2 rocks the waves or ripples hit or overlap each other….Now they are talking about changing many rates so that would be many ripples or waves . They need to see what the rate will do with all the other currencies it is related to.
Member: How will the good and products change price in Iraq once the new exchange rate comes out? Like the price of bread at the $1310 rate vs say $3.50 rate
MZ: We heard about 9-10-months ago in Iraq that they created a committee to help in stores, markets ect….to help them reprice goods and services with the fluctuation of the currency price. They have a whole division inside the government to help with that process.
MZ: Lets get to some news. “The Prime Minister is to visit the Kurdistan region tomorrow . He revealed his agenda of talks” This has HCL written all over it. All the HCL things that had stalled- Sudani is going there in person to the Kurdish region to get them off of “Stuck”
MZ: I hear there is a massive push right now to push the HCL agreements through so they can change the valuation. This news really fits with the flucuating exchange rates we saw today.
MZ: “ Jump in gold reserves: Iraq exceeds 150 tons of “Cash Gold” This is liquid and where they can spend dinars backed by gold
MZ: They also have the UN a little off kilter – Iraq is carrying more gold then the guidelines say they should. I think Iraq is preparing for something.
MZ: “CBI announces program in dollar control measures” They are becoming safe, secure and stable.
Member: My guess for the new Dinar rate is $5.12
MZ: That would now surprise me.
MZ: Nothing fresh from bonds and F&P’s (Fines and penalties)
Member: Any word from your redemption center folks?
MZ: I usually don’t hear from them until later in the week…but I will make it a point to see if there is any chatter going on this week already.
Member: Thank to all tonight…..have a blessed evening everyone.
Member: Sweet RV dreams to us all.
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
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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!