Wednesday Evening MarkZ Chat "What if it's a Float?" 12-14-2022
Wednesday Evening News with MarkZ 12/14/2022
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 and Everyone!
MZ: Tonight I want to start with news then talk about what happens if the dinar floats
MZ: “Central Bank of Iraq auctions more than 138 million in foreign reserves today “ Why do I bring this up? The transactions were made in a 1460 dinar to one dollar. This is the official rate according to the CBI and forex right now.
MZ: There is a “parallel market” on the streets . Venders and the ISX-Iraqi stock exchange are different then what the CBI presents to the world…..This is our first hints that Iraq is pushing towards a float….at least internally.
MZ: “ US IQD rates close higher in Baghdad” They close at a higher rate in Erbil and Baghdad today. This is some of the biggest divergence we have seen…..We are starting to see a spread and a push in the markets which will force the CBI to do something. Will that be to officially repeg the currency ? If they don’t they run the risk of letting inflation run.
MZ: Nader talks about that in his videos….be sure to watch them .
MZ: the CBI is prepared and ready.
MZ: I am also hearing from my contacts in the QFS team.. They are looking at a very short window of “This Week” to release. We will see if that pans out. These are the same group that tells me to “trust the plan” and this group feels the next couple days will be huge.
Member: Charlie Ward said we have the green light
MZ: I am hearing the same thing from QFS contacts. That the green light has officially been given and we are about to see all kinds of craziness kick off. I am not going to hold my breath but am hopeful they are accurate. I am ready just like you guys are ready.
MZ: Now….what happens if it is a float??? And we do see signs in Iraq that it will be a possible float. But what would happen?
MZ: What I foresee happening if it’s a float…I was told there were a couple options. One -the float comes in low and slow. This means we would have to go to a bank. There would be no full blown exchange centers unless it’s a NEER rate or higher. (Nominal Effective Exchange rate) The minimum neer rate I have been told is.$1.00….but they expect the neer rate of about $1.60.
MZ: if the rate comes at that…there will be exchange centers. But Iraq will be going alone with Vietam quickly following suit or close to the exact same time. And Vietnam would come out around .50 cents. . . and float up along with Iraq.
MZ: hopefully people will take the time to listen to this video and hear everything in context.
MZ: I still believe however that currencies will all be going at once and we will have higher rates…but if not…we know what it could look like.
MZ: the other possibility we have heard is that Iraq will push 40-50% out of their value and $1 US dollar will buy about 1100 dinar…..then let it float. We were told to expect it to rise quickly. I was told by my Vietnam Sources that if it does this….then the dong will come out lower…about .20 cents and then it would float as well.
MZ: I am still hoping it will be neither of those…and we get a full blown revaluation. But this is the chatter on the float that is out there. We cannot control this ….so just let it play out.
MZ: if it does come out at a float at a lower rate I have every intention of putting mine in a multi-currency account.
Member: What about taxes?
MZ: I do not believe we will be paying taxes on this….we don’t pay taxes on currency exchanges now. None of my sources think we will have taxes on this….but, be prepared just in case.
MZ: “ A war for control of global currency is accelerating.” Many countries are working on new currencies based on gold and commodities. And the fiat system will soon be obsolete. It is no secret anymore. Changes are coming.
Member: Thanks all…..great call tonight. See you all in the morning for coffee.
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.
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The next stream is tomorrow at 10Am est……..unless