"Coffee With MarkZ" Thursday Morning Chat 1-18-2024
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
Member: Good morning everyone… good morning Markz and mods
Member: Mark and Mod squad, what is the good word for today?
MZ: There is a lot of “Economic Gold “ coming out of Iraq right now.
Member: Saw the Sudani interview in Davos and didn't really hear anything that pertained to the RI
Member: Nader seems happy ... very very happy
MZ: Nader has dropped a new website because it appears things are very close. Its at www.naderdirect.com Expect him to drop a number of videos today.
MZ: Nader talked about “Baghdad economics affair expert calls for a basket of currencies” Like the Euro, the Chinese Yuan or the UAE dirham….in valuing the Iraqi dinar in a way that competes with the valuation of the US dollar.
MZ: They are calling to no longer have a fixed rate. But, attaching it to a basket so its value can compete with the USD. You know they have been working on de-dollarization. One US dollar buys 1300 dinar right now. For it to compete with the US dollar……the rate needs to be a whole lot closer.
Member: So according to article it will soon be at least 1 to 1? I could live with that.
MZ: I know things have been moving slowly, slowly, slowly….I think we are about to see the “suddenly” part of this thing.
MZ: MilitiaMan also did another solid one….an overview of where we are at. Be sure to go listen to them all and support them on their channels.
MZ: “Saudi Arabia backs Iraq’s WTO bid , citing political hurdles cleared”
Member: Iraq’s rate when they were still in the WTO before the devaluation in 2003 was about $3.22 I believe.
MZ: We have articles that say their ascension to the WTO was approved back in Feb of 2023. At this point I believe they are just dotting the i’s and crossing the t’s ….
MZ: My contracting sources in Iraq say the valuation has been determined …and we are just waiting on the release. I think that is very accurate. I think when we look at all the articles coming out right now discussing undoing the government “fixed rate” …and how the black market rates will disappear once the rate is pegged to a basket like they want.
MZ: “Parliamentary finance : The council of ministers will send the 2024 budget to Parliament next week”
MZ: I can tell you there is a tremendous amount of chatter in the bond side right now with the possibility of movement as early as today. But, most of my contacts believe movement will occur early next week. There is a lot on the bond side that I am not sharing yet….because they don’t have real spendable money yet.
MZ: We should start seeing activity on the bond side between now and the first of the week…..if accurate.
Member: I thought if the bonds get paid we get paid at the same time?.. (again nobody knows the process for certain)
Member: When the bonds get paid we should at least get notifications to start making appointments.
MZ: “Iraqi Prime Minister meets 57 businesses in meetings in Davos” He has been sitting down with some of the top leaders in the world in petro, chemicals, building, gas ect…….he has also been meeting with Jake Sullivan for a timeline for getting rid of US forces in Iraq.
MZ: The US is now working on a strategic framework agreement for getting its troops out of Iraq.
MZ: “Iraqi customs official jailed …must repay 60 million” It was actually 38 billion in dinar….This official had stolen over 60 million dollars….that could have been spent on building, education , food ect……His jail sentence is over 10 years or until he pays them back.
MZ: From the Russian Embassy in S. Africa: “20 countries have already joined the financial messaging system of the Bank of Russia.” This is their alternative to the SWIFT. This new system already includes 557 banks in 20 countries and is growing. This is going around the western hegemony and is allowing transactions and money to move all over the world. This is big.
Member: I think BRICS is going to save the world and get us off fiat for good….
Member: I wanna call my bank and say "Shoooobeee Dooobie Doooo -- Do You Have A DelaRueeeee?
Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...
Member: Everyone have an awesome day! Stay warm and safe.
Mod: EVERYONE HAVE A FANTASTICALLY BLESSED DAY
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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.