MarkZ, MilitiaMan News, and Bob Lock. Thursday Morning 06/29/2023
Note From PDK: I will be traveling for the next week or so. I may or may not be able to transcribe Marks Podcasts or they may be later than usual….Be sure to listen to his daily calls for all of his intel and opinions……..Thank you
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
MarkZ, MilitiaMan News, and Bob Lock. 06/29/2023
Member: Good morning Mark, Militiaman, and everyone else. Happy Thursday!
Member: The Fourth of July is going to be awesome I feel it in my bones!
Member: Dr Pruitt says next week is the week
Member: Good Morning Libor going to SOFR is the key this weekend for liquidity. Buckle up everyone we are close as close can get. Have a great Independence Day family!
Member: Remember-The rest of the world is not closed on the 4th???!!!
MZ: Lot of international stuff happening in Iraq- Which doesn’t make much sense for a country without an international currency.
MZ: Article came out- “ATFX Launches operations in Iraq with Asure bank” They certainly act like they are international.
MM: They launched that yesterday and its kind of a big deal. The fascinating part to me is they have a great deal to do with currency pairing. I am fairly certain when Iraq starts to rebuild out their country they are going to have a article 8 compliant currency that will hopefully be strong and will need to be paired with all the countries around the world.
MM: That is really good news.
MZ: It is clearly showing us where they are at and progress.
MM: Something to talk about is they are focusing in on using only the dinar internally and commercially. So they are enforcing the law that is on the books now. 46 people were arrested in one day for using other currencies……this is really big news too.
MM: Basically Alaq is working on achieving stability in Iraq and implemening the 2023, 24, 25 investment budget wihin the next few days. Disbursement of funds will come from that to get started on projects around the country. Also paying the people who have contracts in Iraq. Sudani is being shown around the country showcasing work that is being done and will be done starting soon.
MM: They are also talking about new mobile phone services in country. Right now they are in a holiday Eid Al Adha started on the 27th…until July 2….I think it’s possible they can use text messaging to all the people of Iraq now.
MM: The budget also has the HydroCarbon law …which means Iraq citizens will have money coming to them. So they can now get notified of that through their cell phones. This was also in the news yesterday.
MM: Also for the first time ever- in the news-Barzani from the Kurdistan Region …reached out to all of Iraq to congratulate them on their holiday and bringing Iraq and Erbil together. And in Erbil they had a technology exposition for all the youth because of the digital transformation they are going through. Things are happening fast and furious.
MM: Everyone seems happy and we will be on pins and needles…hopefully between now and the third they will showcase this country.
MZ: I did not catch the phone article….basically it will act like our EBS….They will now be able to inform them on pretty much everything. Maybe …Have a nice holiday or hey- your currency has a new value?
Member: So whats the major hold up? Or is it just the process playing out?
MM: I think it’s just the process playing out. This is one of the biggest things I have ever seen in my lifetime...all coming together. All the electronic platforms like Ayuscuda, Buna, Taxes and Tarriffs on the borders…..the new Iso2022 system….the new ATFX ready to go for forex currency trading and pairing…….Its now 2023 and Iraq has a 3 year budget for the first time ever….
MM: Taif Sami is the first woman finance minister and the first 3 year budget ever….Ali Alaq came back from the AMF (Arab Monetary Fund?) to get this RV off the ground because the guy before him didn’t get it done.
MM: This is all coming to an end. There is no hold up- just the process coming to an end. Hopefully we are all right about this.
Member: Can you clarify what Libor going to Sofr means?
MZ: We will see if Mr. Cottrell can talk about that tomorrow.
MM: They have been working on that for quite a few years. Also the Fed Now system…This all could be inter-related. They are also stress testing banks in the US this weekend. We are seeing some pretty powerful stuff happening.
Member: Does a contract rate make sense when it is time to exchange …or do you think its just going to be an international rate?
MM: I have heard lots of different things on that…..personally I think we are going to see one exchange rate that’s going to be managed by the CCBI and central banks in the region. I’m not studied on a contract rate so will stick with we will see on the forex. .
MZ: Thanks for joining us this morning……You can find MilitiaMan and Crew on Yourtube and Patreon ect….please support him and his videos.
MZ: De-Dollization continues to be the theme in many publications. “ Central banks favor the euro in the short term and the yuan long term as they push to de-dollarize the reserves”
Member: under Saddam the value of the Iraqi dinar was $3.48 to one Us dollar….
Member: Hope the rate is at least that when it finally happens.
Member: is it true we only have 30 days to do the exchange?
Member: Mark has always said 10 days to set appointments and 30 days or so to do our exchanges….if it changes…he will let us know.
Please listen to the replay for the full MilitiaMan interview and Bob Lock talking about trusts……
Member: TY Militia Man for coming on today. Appreciate you.
Member: Mark and as always a huge thanks for all the latest news & updates and of course all the guests on this show
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