"Coffee With MarkZ" Monday Morning Chat 10-9-2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Monday 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 and joined by Field McConnell. 10/09/2023

MZ:  Good Morning and yes, I am still in the US…..gotta love the airline system .

Member: Will I be able to give my two weeks notice soon Mark?

MZ: I think you will be able to notice this week…..we shall see.

Member: I truly hope this new unrest in the middle east is not another delay tactic to stop the RV

Member: Mark, or anyone. remember Footforward, used to post on dinar recaps. al ooooong time ago her predicted this wouldn’t go till Israel attacked Iran

MZ: I don’t remember that but, if so, it’s probably this week.

Member: for years, they have said Israel was last to clean up. I’m trying to be optimistic about this. Hopefully, credits come soon on this movie.

Member:  Kim Clement always prophecied that “RV” would happen when things seem at their worse... seems like it’s pretty bad lately!!

Member:  Looks like we got THE black swan event

Member:  It'd be a good time to go whilst the world is distracted.

MZ: Bond rumors are great…I have a number of contacts expecting announcements today and what they can expect and when on the “When they will have dollars front”…..nothing yet though on the specifics. A number are expecting updates after lunch today.

Member:  our bond friends have been contacted to get ready- 2 days ago

Member: MM vid last night tells us it's going to happen sooner than later folks. Iraq needs this to happen and happen fast if they want to be international.

Member:  Is the billion dollars that Iraq asked the treasury for to pay their bills, Iraqs money that the US is holding? If it's Iraq's money why does the US still have it?

Member:  MM did an awesome update last nite. Explained the US Halt of the US $ to Iraq.

MZ: “ Iraq Central bank warns Iraqi banks refusing USD withdrawals”  In other words if they want USD- let them have it so it does not cause runs on the banks. Part of that one billion belongs to Iraq that the US is holding. Iraq has to be positively livid  with the US government right now….

MZ: in lockstep- my Iraqi sources believe we are on the fast track …and this situation with Israel and Hamas will not cause more than a slight speed bump in the RV . I hope they are accurate.

MZ: “Global oil prices soar after Hamas attack on Israel”  Oil prices after hitting a slump start to spike. It would make it easier for Iraq to revalue with higher oil prices.

MZ: “Bank crash 2.0 incoming? I think banks are going down for 2-3 weeks”  Interesting article and It does look like we may have more bank collapses this week. Starting in the UK and possibly moving into the US.

MZ: “Hong Kong halts morning trade? Looks to lower storm warning to midday”  So far it is still tanking

MZ: “ Why Britain is on the verge of a cataclysmic financial crisis”  Parallels emerge between 1987 stock market crash and 2023 bonds sell off.

MZ: We are watching it unfold right in front of us.

MZ: Forbes: “US dollar collapse –Shock: $8 Trillion predicted Fed inflation flip to spark a critical Bitcoin, Ethereum, XRP, and crypto price boom to rival gold”  Some oof the biggest holders of bitcoin is the US government.

Member: My bank closed Since Friday til tomorrow for TRANSITION

Member: Guess your gut stopped screaming Mark?

MZ: No- my gut is still screaming “What the heck?” right now as they are throwing curves but we did expect this…… US dollar collapse, Britain is on the verge of a cataclysmic financial crisis, Hong Kong halted morning trading…and Banking crash 2.0 happening….watch the fundamentals which say we have to reset….and we have to reset NOW. To me this is all a massive smoke screen or maybe a cover.

Member: It has been said - it will happen in the middle of a total mess - so what we have now – fits

Member: Hard to discern the difference between Reality & This stupid Movie. So ready to be done with all this … stuff!

MZ: There is a great chance that this video will not be on youtube past the end of the day today…After talking with Field…I may have to remove it for safety…..

Member: Mark, thanks as always for all the latest news & updates

Field McConnell joins the stream about minute 20 today. Please listen to the replay for his opinions.

“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS 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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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Mod:  FOLKS THIS WILL PROBABLY NOT STAY ON YOUTUBE, HOWEVER THE REPLAY SHOULD REMAIN ON RUMBLE FOR THOSE TO WATCH

Dinar Recaps Note: Because of the possible controversial content of this video…..We have decided not to post the video-just highlights from the financial side of today’s podcast. . If you wish to listen please search for it on youtube or rumble. Thank you for understanding.

"Tidbits From TNT" Monday 10-9-2023

TNT:

Tishwash:  Replacing the dinar with the dollar

 Finally, the Central Bank of Iraq announced in a statement last week that “the coming year will witness the restriction of all internal commercial and other transactions to the Iraqi dinar instead of the dollar, except for those delivered to travelers.”

Financing foreign trade will be directly for merchants dealing in remittances outside the electronic platform, through licensed banks that will deal with correspondent banks in foreign transfer operations and in the local currency of the country from which the merchant wants to import.

 Then the dollar auction will be gradually dispensed with and the central bank will intervene to control the exchange rate through a shift in its tools.

Cash, which will be more effective in achieving monetary stability, due to the expected decline of the so-called black market and the emergence of a real parallel market that will effectively contribute to financing the total demand for foreign currencies after the local currencies of the trading countries are traded within the parallel market following the opening of transfer channels for those currencies in a way Official. 

Thus, we will witness a new phase in which exchange rates will be more stable than the phases witnessed in previous years if dollar smuggling operations are controlled, which is expected to decline automatically with the decline of the dollar supply on the black market.

At that time, the country will witness the real beginning of an attractive investment environment, as the confusion in the dollar exchange rate was often an element that repelled investors due to their inability to delve into the area of ​​expectations in which the exchange rate was fluctuating, which makes financial feasibility studies more difficult in calculating construction and operating costs and recovery periods. Total costs and profit calculations. This is in addition to other repulsive factors, which were the confusion of the security situation, the incompleteness of legislation related to the investment environment and the regulation of market relations, the failure to activate the package of economic laws that had been legislated, and the spread of corruption and bureaucracy. 

However, there is a problem linking the exchange rate and the costs of production in neighboring countries compared to the costs of production inside Iraq.

The lower the exchange rates of neighboring countries’ currencies are against other currencies, such as in Turkey, Iran, and Syria, compared to the exchange rate of the Iraqi dinar, the lower the cost of producing goods in those countries.

The cost of production is comparable to that in Iraq, which makes the investment environment unattractive at the level of production of traditional goods produced in neighboring countries unless borders are controlled to protect the local product in addition to protecting exchange rates from currency smuggling. link

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CandyKisses:  Iraq and 5 countries renew commitment to support oil stability

Economy News-Baghdad

Iraq, Saudi Arabia, the United Arab Emirates, Kuwait, Oman and Bahrain on Monday renewed their commitment to "collective and individual voluntary production adjustments" for oil.

According to a joint statement, the oil ministers of the six countries met on the sidelines of the Middle East and North Africa Climate Week, launched by the United Nations in Riyadh.

The ministers reaffirmed the readiness of the countries of the Declaration of Cooperation to take additional measures at any time as part of their ongoing efforts to support market stability and build on the strong cohesion of the OPEC+ (alliance) countries.

The OPEC+ alliance, which includes OPEC and non-OPEC allies led by Russia, agreed in June to extend voluntary oil cuts first announced in April until the end of 2024.

Saudi Arabia and Russia have announced additional voluntary cuts until the end of 2023, subject to a monthly review. OPEC+ ministers on Wednesday made no changes to the group's oil production policy after Saudi Arabia and Russia said they would maintain voluntary supply cuts to support the market

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CandyKisses:  CBI warns banks reluctant to withdraw dollar deposits

Baghdad - Iraq Today:

The Central Bank of Iraq warned, on Sunday, all banks, not to deliver dollars to citizens, under the pretext of implementing the bank's decisions, which will take effect early next year.

"In confirmation of our circular No. 180/3/9 on 2020/6/30 and subsequent circulars about foreign exchange centers, the latest of which is our circular No. 204/2/9 on 2023/3/30, your banks must observe the foreign exchange centers allowed in accordance with the above circulars to avoid being unable to meet your customers' requests to withdraw dollars deposited in cash in their accounts opened with you," said a letter issued by the Central Bank addressed to banks.

The CBE added that "several complaints were received regarding the failure to meet these withdrawals under the pretext of the existence of instructions issued by the Central Bank that prevent this," stressing that "the Central Bank will take into account the complaints received from customers and will take the necessary measures against the abstaining banks."

The Central Bank of Iraq confirms the guarantee of dollar deposits and the citizen who deposited his money in dollars with any Iraqi bank previously or by 2024 has an inherent right to receive these amounts in cash in US dollars.

The central bank has indicated that the reforms it is carrying out aim to achieve compliance of the bank and the Iraqi banking system in general, with international compliance standards, and to prevent the dollar from reaching parties prohibited from obtaining or speculating in it.

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Tishwash:  The President of the Republic stresses the importance of approving laws that affect the lives of citizens

The President of the Republic, Abdul Latif Gamal Rashid, stressed today, Monday, the importance of activating the work of the House of Representatives to legislate and approve laws that directly affect the lives of citizens.

The Presidency of the Republic stated in a statement received by:Alsumaria News“The President of the RepublicAbdul Latif Jamal RasheedHe was received today at the palaceBaghdadThe parliamentary Taqadum bloc delegation, headed byAbdul Karim Abtan Al-Jubouri", indicating that "the overall developments on the political scene were discussed."

He stressed "the importance of activating the work of the House of Representatives to legislate and approve laws that directly affect the lives of citizens, including the lawSupreme CouncilFor water andFederal Supreme Court LawAnd the law of the Supreme Authority for the Empowerment of Women and the law of the Federation Council,” stressing “the need to put the interests of the people above all considerations.”

The meeting discussed the issue of rebuilding the liberated governorates, rehabilitating the infrastructure, and providing services to their residents, as they have suffered from terrorism and gang crimes.ISISThe President of the Republic pointed out "the importance of the upcoming governorate council elections and the necessity of holding them on time according to the constitutional timings and ensuring their integrity, transparency and success in order to achieve an improvement in the service, health and economic reality and support the government effort in this field."

In turn, the members of the Taqadum Party delegation thanked the president for his valuable directives, stressing that “their party, with all its cadres and leaders, seeks to expand cooperation and coordination with the rest of the blocs and parties in order to consolidate political and security stability in the country.”   link

Mot: . If She's Mad at Ya!! ------ ((( Ya can Count on ole Mot fer Advice )))

Mot:  Obvious Signs!!! 

News, Rumors and Opinions Monday AM 10-9-2023

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 9 Oct. 2023

Compiled Mon. 9 Oct. 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors)

Fri 6 Oct. MarkZ: “A lot of my sources feel that Mon. 9 Oct. is our day…..A lot of them …actually they think our day is before that and Monday is when we start going to the bank!  They are all expecting big things this weekend ….More chatter on the Iraqi side of things with great expectations for the weekend. Most are looking late Saturday/early Sunday for something from Iraq. Some type of announcement? …

Yesterday a number of Redemption Staff told me they are on “stand by” specifically for currency exchanges. …Iraq may go on Saturday. Probably what we would see are call centers working over the weekend to make our appointments…and appointments starting on Monday. …that the most likely scenario.”

Fri. 6 Oct. TNT Call: “The whole world should see the RV by Sunday (8 Oct).

Central Bank of Iraq and Reuters announced: “Next Sunday (8 Oct.) will be a special day in all Iraqi banks, which could witness unprecedented overcrowding and crowding at cash withdrawal windows.” Iraqis were told in mosques: “A new Iraq will begin by Sunday (8 Oct.).”

Sat. 7 Oct. Frank26 RV Update: Sudani went and told all the contractors he signed with, they can come into Iraq without any restrictions. That’s Article VI.

The RV was expected to be announced in Sovereign Iraq on Sun. 8 Oct., with the new rate becoming international on Mon. 9 Oct.

On Tues. Oct.3 for twelve hours US Treasury representatives (allegedly) entered codes at US Redemption Centers for each nation’s currency. Pings came back that the code was valid, meaning the Redemption Center could receive currency from each nation in exchange for the US Note. In the last 24 hours Tier 4A had started preparing and paying Tier 4 groups.

On Wed. 4 Oct Iraq was (allegedly) welcomed to the World Trade Organization with a fully reinstated Iraqi Dinar international traded currency.

Thurs. 5 Oct. Wolverine: “Shelton said on his call that the 10 days of darkness and 12 days of disclosures would start after an Event (EBS Test?) on Wed. 4 Oct. On Thurs. 6 Oct. I got a call. Everything has really begun. Isaac has spoken to someone and he says it’s looks like it’s going to happen. All the leaders of the Tier 1 platform have been funded and by next week all members will be paid and it will be fast.”

Thurs. 5 Oct. Tony said he has a two hour window tonight, then laughed, and said he should have said the next 24 hours. Not every country is going at the same time. It’s their own choice. The rate won’t be on the Forex until the end of the weekend. Sounds like they’ll get their 72 hours of joy. Monday is a holiday, so that would be a good time for us to go. Iraqi Government salaries were being paid a month in advance effective Wed. 4 Oct.

Thurs. 5 Oct. Bruce: “Bond Holders Tier 3 will get notification of liquidity over the weekend.Tier4b (Us, the Internet Group) will be notified either Sat. 7 Oct. or Monday afternoon 8 Oct. and will begin appointments either Mon.8 Oct. or Tues. 9 Oct.”

The US Note was fully in the system and available at the bank Fri. 6 Oct. or Mon. 8 Oct.

The IMF and World Bank will hold their last annual meeting on Sun. 15 Oct.

Starting in the fourth week of October Restitution and Recreational Allowance will (Allegedly) be paid out. The amount of monies paid back will be based on federal taxes paid since 1940s, interest on mortgages, bank loans, car loans and credit card interest – along with interest earned on those monies over the years. Those 60 and older will be paid in three equal monthly payments for Oct, Nov & Dec. Those 50-60 will get payments over the next 12 months and those younger will be paid out over 15 years, though they have to be employed in order to qualify.

Starting in October and continuing for three months Social Security benefits will be(allegedly)  significantly higher, topping out at $5,200. In January regular benefits will continue, though still be a lot higher.

Wed. 1 Nov. was the goal to have Currency Exchanges and Zim Bond Redemptions completed.

The Rodriguez Trust will (allegedly)  administer “universal basic income” for citizens of all GESARA-compliant countries: the amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can. He said we need to help our friends and family understand that this will happen in the next 3 to 6 months.

Starting 1 Jan. 2024 the fiat US Dollar will be worthless, all currencies across the Globe will be on par 1:1 with each other, Social Security benefits will be much higher and the SS R&R payments start on a monthly basis.

Sun. 8 Oct. In one month $17,400,000,000 in US Treasuries were dumped by BRICS nations China, Brazil and Saudi Arabia. The sell off was impossible to ignore. Since peaking about a decade ago, China has dumped nearly $500 billion in U.S. Treasuries. The sell-off in bond markets and the rapid rise in Treasury yields have unleashed financial chaos in recent days and weeks. BOOM! $17,400,000,000 US Treasuries Dumped: The BRICS Nations Setting the Stage for Financial Anarchy! – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2023/10/09/restored-republic-via-a-gcr-update-as-of-october-9-2023/

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Courtesy of Dinar Guru   https://www.dinarguru.com/

Sandy Ingram  This is one of the reasons the IQD investment is stalled.  Article:  "Iraqi Prime Minister to pay official visit to Russia next week"  ...it's all connected.  The Iraqi Prime minister will pay an official visit to Russia on October 10th and 11th...

Militia Man Article "Director of Al-Sistani’s Office: The authority warned against corruption and called for combating it, but there is no life for whomever you call for."   WOW!!  When the Supreme Religious Authority, Ali al-Sistani, speaks of a fatwa to follow laws...the people that fit the shoes and wear them better be careful to make things right and quickly.. Failure...will likely have significant consequences...He issued a fatwa that money any employee or official obtains in violation of the law is forbidden. Also, wasting public money and appropriating it, or illegal disposal of it, is forbidden. That is some heavy stuff. Think of all those that are guilty in the line up..  [NOTE: The Arabic word fatwa refers, in simple terms, to an edict or ruling by a recognized religious authority on a point of Islamic law.]

The Bond Market Has Collapsed, Michael Explains What's Coming Up Next

Kerry Lutz’s Financial:  10-9-2023

Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world's reserve currency.

He advised investors to sell long duration bond exposure and invest in short term US government debt.

 Pento also discussed the inflation and GDP acceleration, as well as China and Japan's selling of US treasuries. He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying and is instead selling their balance sheet, adding to the supply from China and Japan.

Pento also warned of the impending refinancing wall in the corporate bond market and its potential impact on financial entities that own commercial mortgage-backed securities, mortgage-backed securities, and corporate debt.

He argued that the real estate market is suffering due to the inability of consumers to afford higher mortgage rates, and that the economy is facing challenges due to high levels of credit card debt and delinquencies.

Pento emphasized the importance of active money management in a volatile market and discussed his investment strategy, which includes short-term treasuries, hedges, and physical gold. He also warned of the dangers of excessive debt and the destruction of currency, and the impact it could have on the middle and lower classes.

https://www.youtube.com/watch?v=UCGWAeCeGOE

More News, Rumors and Opinions Sunday PM 10-8-2023

TNT:

Tishwash:  We have a dollar, but the withdrawal terrified the banks.” An Iraqi banker’s testimony about Sunday’s chaos

 “Customers wanted to clear the account.”

An official at a Baghdad bank gave testimony about the chaos that occurred today, after depositors were inundated with requests to withdraw their money in dollars, indicating that foreign currency liquidity is available, but “the intensity of requests terrified bank officials.”

Today, Sunday, citizens attacked all banks in the capital, Baghdad, in an unprecedented manner, against the backdrop of the Central Bank’s recent decisions to adopt the dinar.

Portfolio officials were concerned about the volume of requests, and decided to wait to disburse them all at once within one day.

The Central Bank reduced the amount of dollars granted to all banks today, and the liquidity in its possession is not sufficient to meet the enormous requests received.

Private banks decided to legalize grants to citizens for fear of zeroing out of their dollar accounts, especially since there is a real fear that citizens will not be able to recover their money in the banks.  link

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CandyKisses:  A dollar transfer will no longer be withdrawn in cash. Financial expert explains chaos in Baghdad banks

A dollar transfer will no longer be withdrawn in cash. Financial expert explains chaos in Baghdad banks

Iraqi financial expert Mahmoud Dagher explained to 964, the chaos witnessed by banks in Baghdad, today, Sunday, after depositors were unable to receive their money in dollars, and said that the amounts deposited in cash can be withdrawn in cash, but this never applies to remittances.

Until Sunday morning, banks in Baghdad continued to stop the procedures for disbursing balances in dollars, and the network monitored 964 in the branch of the Trade Bank in the Babylon Mall, and learned from depositors with other banks.

Financial expert Mahmoud Dagher, Network 964:

The root of the problem is that the Bank of Baghdad “TBI” was giving dollars in cash to cash deposit holders and remittance holders alike.

The instructions now state that those who deposit in cash can be granted in the same way, while remittances are not offered in cash, they can be sent to people anywhere or in a way according to their decision.

That’s why banks are unable to adequately cope with dollar draws.

There is nothing to panic, especially since Iraq’s reserves are $115 billion.

There will be no crisis in 2024 and the rule will remain who deposits in dollars will be withdrawn in dollars.

The dollar will not be forbidden, but it would be better to deal with Iraqi dinars in making payments.

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Courtesy of Dinar Guru  https://www.dinarguru.com/

Babysmom   MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98]  DONG .47 ...DINAR 3.81...

MarkZ   [via PDK]  Very quiet overnight on the RV side…..but, great expectations for this weekend or the first part of this week. My redemption center folks are on call this weekend. They are not at work…they are “on call”...Last week I told you all that I know a number of bankers...put on “stand by” for imminent currency value changes. I thought this was huge news. My bank crew is sure ramped up and expecting something big this week. 

Hivernant (Government?) stop distribution of the dollar Iraq

Nader:  10-8-2023

https://www.youtube.com/watch?v=bNj_qrJhXQ8

Stock Market Underperformance To Continue | Peter Grandich

Liberty and Finance:   10-8-2023

Investment professionals have become accustomed to high stock market returns. But Peter Grandich believes the tide has shifted. He doesn't expect the stock market will make new all-time highs for years to come. He gives insight into how to navigate such a changing economic environment.

https://www.youtube.com/watch?v=WaVwh_POWU8

"Tidbits From TNT" Sunday 10-8-2023

TNT:

Tishwash:  Economist: Withdrawing the US Federal Reserve will end the dollar crisis

Former member of the Parliamentary Economics Committee, Abdul Hussein Al-Yasiri, today, Sunday, attributed the reason for the continued rise of the dollar to the American policy towards Iraq.

 Al-Yasiri said in a statement to Al-Maalouma: “The solution to the dollar crisis lies in obtaining a portion of the Iraqi funds in the US Federal Bank.”

He added, "The rise in the dollar is due to excess demand and lack of supply, as well as America's policy towards Iraq."

 He explained that "the government is required to put pressure on the Fed to provide sufficient cash from the dollar in order to meet the increasing demand and eliminate the so-called parallel market."

 During the current period, America has worked to destroy the Iraqi currency by imposing sanctions on Iraqi banks and banning the dollar under many pretexts, which in one way or another led to a severe financial crisis in the Iraqi markets.   link

CandyKisses:  Sulaymaniyah and Technical Universities join strike due to delayed salary payments

Baghdad Today - Sulaymaniyah

The Sulaymaniyah and Technical Universities in the governorate announced today, Sunday (October 8, 2023), that they have joined the departments on strike due to delayed payment of salaries.

The "Baghdad Today" correspondent said, "The Universities of Sulaymaniyah and Technical University announced their permanent strike due to the delay in disbursing employees' salaries."

Earlier, a number of government departments and institutions in Sulaymaniyah Governorate announced a strike from official working hours, in protest against the delay in distributing salaries.

The correspondent of "Baghdad Today" in the governorate stated, "A number of departments and institutions in Sulaymaniyah Governorate announced a strike from official working hours, due to the delay in distributing salaries to their employees, for the months of July and August."

He continued, "It is expected that the strike will expand and include other departments in the coming days if salaries are further delayed."

The Kurdistan Region, especially Sulaymaniyah Governorate, has been witnessing widespread protests and strikes for some time due to the delay in disbursing employees' salaries.

The "Baghdad Today" correspondent in Sulaymaniyah Governorate reported earlier that a number of departments announced a strike from work, due to the delay in disbursing their salaries, noting that the departments are the Sarganar Water District and the Municipality District, and the strike includes the Sulaymaniyah and Chamchamal districts.

While health personnel in Sulaymaniyah Governorate joined the strike against the backdrop of delayed payment of salaries for the months of June and July. 

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Tishwash:  An Iraqi decision that workers’ wages be in dinars and not in dollars, and the Syrians are among them... Dr. Kanaan to Al-Watan: This will lead to a reduction in foreign transfers by up to 40 percent, and the Syrian government must intervene.

A senior official in the Central Bank of Iraq confirmed that the country will ban cash withdrawals and transactions in US dollars starting from January 1, 2024, with the aim of stopping the illegal use of about 50 percent of the $10 billion cash amount that Iraq imports annually from the Federal Reserve Board (the US Central Bank).

 They noted that this step comes within the framework of a broader campaign to stop the economy’s dependence on the dollar, after the population began to prefer the American currency over the dinar and to work to reduce the current inflation.

Within the framework of this decision and taking into account the proportion of Syrian workers present in Iraq, “Al-Watan” communicated with a number of workers in Baghdad and Erbil: Nour Fandi, an air conditioning and refrigeration maintenance worker in Erbil, explained in a special statement to “Al-Watan” that the condition of the contract concluded with the party receiving him was He must receive his wages in Iraqi dinars, equivalent to the US dollar, according to the rates of the Central Bank of Iraq, pointing out that his wages were paid in US dollars for the first two months of work before the issuance of the decision, and accordingly, after the issuance of the decision, his wages were equalized to the equivalent of the Iraqi dinar.

Fandi pointed out that the disaster occurred when he was surprised that his wages were calculated according to the Central Bank of Iraq’s pricing, the highest price of which was 1,320 Iraqi dinars per US dollar, while market prices varied beyond the official price by about 40 dollars, which is the rate of his monthly loss, in addition to the fact that It is difficult for him to transfer Iraqi dinars to his family in Syria, so he is forced to buy dollars on the black market because the ban on dealing prevents him from purchasing hard currency from the Central Bank of Iraq, thus reducing the percentage of remittances sent monthly.

Dima Ibrahim, a worker at a beauty center in Baghdad, explained in a statement to Al-Watan that the decision came after she was in Baghdad for two years, where her wages were in foreign currency, but about four months ago the values ​​of wages and salaries were adjusted so that their wages were converted into Iraqi dinars, equivalent to the US dollar, similar to the riyal. Saudi Arabia and the Emirati dirham, pointing out that since the decision was issued, she has refrained from sending remittances to her family in Syria, due to the large difference in the transfer, adding that if the decision continues to be implemented, she will be committed to her contract, which expires in the first month of next year, and then leave Iraq because the work has become useless as a price for their exile. there.

Professor at the Faculty of Economics at the University of Damascus, Dr. in Monetary and Banking, Ali Kanaan, confirmed that the private sector deals in the Iraqi dinar at the equivalent of the US dollar for non-Iraqi foreign workers, pointing out that this decision will reduce the proportion of foreign workers in Iraq and will negatively affect workers, especially Syrians, in Iraq due to the difficulty Conversion and conjugation difference.

Dr. explained. Kanaan, in a special statement to Al-Watan, said that external transfers must be in foreign currencies, and therefore the worker there will be forced to buy foreign currencies and re-transfer them into Syria, thus losing more than 40 percent of his salary, which will also reflect negatively on external transfers and lead to their decline, in addition to manipulation. What will happen between the employer, the worker, and the bank.

For example, instead of the Syrian worker receiving 1,000 Iraqi dinars, his wage must be set at 1,700 Iraqi dinars, so that the 700 dinars are the difference in conversion into hard currency. This rarely happens because it will also cause a loss to the employer.

Regarding the impact of the decision on foreign transfers from Iraq to Syria, Dr. confirmed. Kanaan said that if the decision is implemented, the volume of remittances will decrease by about 40 percent, and Iraq will also witness an exodus of Syrian workers and the search for more profitable opportunities in other places, stressing that this step and this decision are essentially monetary, but they have a political dimension, which is reducing the number of foreign workers in Iraq, and it does not They have nothing to do with fighting inflation at all, and this decision is an unjust measure for the Syrians and violates all international agreements signed between the two countries to respect Syrian workers.

Dr. revealed. Kanaan said that the value of Iraq's oil exports today amounted to 150 billion dollars, while the proportion of Syrian labor wages therein amounted to 700 million dollars. Comparing the two amounts, this step is not monetaryally beneficial for fighting inflation, by calculating labor wages in Iraqi dinars. Rather, they must take more feasible monetary steps.

Dr. called. Kanaan urged the Syrian Foreign Ministry to submit a request to withdraw this decision, because it violates the agreements signed between the two countries regarding paying taxes, transferring profits, protecting investments, protecting workers, and achieving stability for their Syrian workers.

It is worth noting that, last July, the United States prevented 14 Iraqi banks from conducting transactions in dollars, as part of a broader campaign against the illegal use of the dollar. link

Mot: . aaaaaahhhhhhhhhhhh -- the Truth Comes Out!!! 

News, Rumors and Opinions Sunday AM 10--8-2023

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

KTFA

Clare:  Foreign” banks and “fake” transfers... Parliament Finance reveals new details about the dollar crisis

10/7/2023

On Saturday, the Finance Committee in the Iraqi Parliament entered the crisis of the cash dollar scarcity expected in the country at the beginning of the year 2024, after the Central Bank’s decision, while it talked about “foreign” banks controlling the currency auction.  

Committee member Muhammad Nouri told Shafaq News Agency, “There are a number of banks that control the window for buying and selling foreign currency, and they are non-Iraqi banks, and the conditions set by the Central Bank are applied to a pre-specified group before it sets conditions on the banks or companies so that they are The sole controller of the foreign currency buying and selling window.”

Nouri added, “Most financial transfers are (fake) under the pretext of purchasing goods, and here is an indication of the delay in real transfers, given that the fake transfers are supported and backed by a political group and armed factions affiliated with the economic parties.”

Nouri added, "But personal transfers for the purpose of study and treatment outside the country and simple trade, we find that they are real, but large transfers are not real because they are affiliated with the economics of the parties, and their purpose is to smuggle currency outside the country."

Despite these developments, the Central Bank of Iraq confirms that dollar deposits are guaranteed, and the citizen who deposited his money in dollars with any Iraqi bank previously or by 2024 has an inherent right to receive these amounts in cash and in US dollars.

The Central Bank had indicated that the reforms it is undertaking aim to achieve compliance of the bank and the Iraqi banking system in general with international compliance standards, thus preventing the dollar from reaching parties prohibited from obtaining it or speculating with it.   LINK

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Courtesy of Dinar Guru   https://www.dinarguru.com/

Frank26  Question "Could Iraqi dinar go international without placing on Forex?"  Yes, but I really doubt that.  Forex is going to grab it like they're in heat.  The whole world is going to grab it.  I told you, as soon as it changes it's like putting chum in the ocean, every shark is going to come.  That's when sharks bite. 

Militia Man  Article:  "Specialist: The government is obligated to present its vision for next year’s budget in the middle of this month"  The government still being unable to implement the budget for the years 2023, 20224 and 2025 are amid secrecy and strict instructions to officials and advisors not to talk about the issue of the current or upcoming budget. Think about all of this. They are keeping what we are looking for tight to the chest. Rightfully so.. I love this!

National Debt Clock Ticks Down to DEFCON 1- Ep 922

Peter Schiff:  10-8-2023

https://www.youtube.com/watch?v=pwUmu2g0SvQ

Andy Schectman: The Great Dollar Shift

In this eye-opening presentation from the 2023 StockPulse Silver Symposium, Andy Schectman discusses the alarming signs that the U.S. dollar's global dominance is under threat.

 Discover the potential consequences, including inflation spikes and economic chaos, and learn how to prepare for the changing monetary landscape

https://www.youtube.com/watch?v=V7BnGdoaI9E

Economist's "News and Veiws" Saturday 10-7-2023

This Is How The Dollar Explodes | Rafi Farber

Liberty and Finance:  10-7-2023

The reverse repo facility has propped up the system as the currency supply has fallen into deflation.

 But once the facility runs dry, the system will come down, says Rafi Farber of The End Game Investor.

"There will be a scramble for Dollars," he says, that will lead to a downward spiral of asset prices.

 The Fed will try one last time to save the system by inflating the currency supply. But this attempt will simply end in a Dollar collapse, he says.

INTERVIEW TIMELINE:

0:00 Intro

3:10 Japan's bond market

 8:50 Bond auctions

11:46 The end of empire

 16:30 Reverse Repo

24:30 C40 group

28:08 The End Game Investor

https://www.youtube.com/watch?v=NlZtWEcOuZs

Homes UNAFFORDABLE In 99% Of The U.S: Housing Affordability Is Now The Worst Since 1984

Lena Petrova:  10-7-2023

https://www.youtube.com/watch?v=KB90BLtKU9Q

SILVER ALERT! Freeing Silver From 170 Years of Price Suppression..NOW!!

(Andy Schectman & Bix Weir)  10-7-2023

Here's a great discussion I had with Andy Schectman posted on the Private Road a few days ago. I think this information is so important that I have posted it on Youtube for everyone. NOW is the time to have as much Silver in your own possession as possible!

https://www.youtube.com/watch?v=Bn61Z_7jnWg

More News, Rumors and Opinions Saturday PM 10-7-2023

TNT:

Tishwash:  Iraq is set to fuel de-dollarization by banning the buck from being used in cash transactions, report says

Iraq is set to become the latest country to join the de-dollarization drive, according to Reuters.

Iraq is about to become the latest country to join the de-dollarization drive, per Reuters.

The greenback will be banned from being used in cash transactions and withdrawals from January 1, the outlet reported.

Several countries, including China and Russia, have made efforts to fuel the de-dollarization movement this year.

Iraq will ban the US dollar from the start of next year as the global movement against the greenback gathers pace, one of the country's top financial policymakers told Reuters.

People won't be able to withdraw cash in dollars or use the greenback in transactions from January 1, 2024, Iraqi central bank director-general of investment and remittances Mazen Ahmed said in an interview with the outlet.

The country will ban the buck in a bid to stamp out crime, he said, with over $5 billion worth of the cash that the central bank imports from New York reportedly used in illegal activities.

"You want to transfer? Transfer. You want a card in dollars? Here you go, you can use the card inside Iraq at the official rate, or if you want to withdraw cash, you can at the official rate in dinars," Ahmed told Reuters. "But don't talk to me about cash dollars anymore."

The local currency, the Iraqi dinar, currently exchanges at a rate of around 1,300 dinar per dollar.

Iraq isn't the only country engaged in de-dollarization – a movement where countries try to reduce their reliance on the greenback, often in a bid to undermine its dominant role in international trade.

China and Russia are spearheading the effort to wean the world off the buck.

Beijing has asked Middle Eastern suppliers to accept its own currency, the yuan, rather than the dollar – while Vladimir Putin has forbidden any "unfriendly" countries from settling trades using any currency other than the ruble.

The two countries have also repeatedly pledged – alongside other members of the BRICS group – to launch a new currency that they hope one day could unseat the dollar as the dominant international reserve.  link

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Tishwash:  The euro is the key to resolving the dollar crisis in Iraq

 The euro is ranked second in the world after the US dollar, as it is considered one of the strong currencies in international trade. The euro is also the second most traded currency in the world after the US dollar, and the British pound is ranked fourth. 

The Central Bank of Iraq is supposed to take the first step by diversifying its financial assets and increasing the share of the euro, in addition to the pound sterling, at the expense of the US dollar, as the Central Bank of Iraq’s foreign currency reserve is estimated at approximately 113 billion dollars.

The Central Bank of Iraq keeping a portion of its reserves in euros will not have any negative impact on the value of the Iraqi dinar, but it will preserve its value. An example of this is the Kuwaiti dinar, which is denominated against a basket of foreign currencies such as the dollar, euro, and pound sterling. 

The Central Bank of Iraq could have pumped the euro currency into the currency sale window auction, after the strict measures imposed by the US Federal Reserve Bank and the US Department of the Treasury on the Central Bank of Iraq by selling the US dollar currency, with the aim of preventing the smuggling of the dollar into Iran, and therefore The goal of selling the euro in the currency selling window is to avoid the restrictions imposed on the Central Bank of Iraq by the US Treasury, and also to reduce the demand for the US dollar with the aim of reducing the gap between the official rate and the exchange rate in the parallel market.

The Central Bank of Iraq was supposed to establish its own platform, as this platform specializes in selling the euro and the pound sterling, and it can also be sold to citizens in cash, just as the euro is a global currency that the Iraqi merchant can deal with normally and smoothly in any country. It excluded Iran, so some foreign imports could be covered through euros instead of dollars. 

Although I am against the idea of ​​giving each citizen 3,000 US dollars to travel and smuggling hard currency out of the country, but at the same time, if the Central Bank of Iraq continues this policy, I suggest giving citizens the euro as well to travel outside the country in order to reduce the demand for the dollar. American. 

Hoarded money:

In order to be realistic, unfortunately, there is a large percentage of the Iraqi people who save their money in the US dollar currency at the expense of the Iraqi dinar, and therefore it is very important to instill a culture of saving or trading in the euro instead of the US dollar among the citizens, in order to reduce the demand for the dollar by the citizens. Those who save their money in US dollars, and this will also aim to withdraw the dinar block from the funds hoarded by citizens, because the Iraqi government has a scarcity of the Iraqi dinar due to the explosive budget, specifically in operational expenses, and it is expected that there will be a deficit in the coming period in paying employees’ salaries. By the Iraqi government, because the dinar block at the Central Bank of Iraq is unable to cover operating expenses, which forces the Central Bank of Iraq to print the dinar, and this in itself is considered a great danger to the value of the Iraqi dinar and the high rate of inflation, and thus its consequences will be serious and negative forIraqi economy. 

Euro is an investment currency: 

The euro is considered an investment currency because it generally moves in an upward direction in the long term, as it rose from the end of last year from levels of 0.96 cents to 1.12 US dollars two months ago, meaning an increase of approximately more than 15%, and the euro currency is currently in the process of a deep correction as it has declined. To a level of approximately 1.04 US dollars several days ago, and now it is reeling at levels of 1.05 US dollars, and perhaps the rise will resume or the correction will be completed to levels close to the parity point with the dollar, and this in itself is considered an appropriate opportunity for the Central Bank of Iraq to buy the euro currency at a value of 10. One billion euros at the very least, and I personally saved part of my money in the euro currency, and it is expected that the euro currency will target levels of 1.15 US dollars and more during the first quarter of next year. 

In the event that the Central Bank of Iraq sells part of the currency sale window auction in euro currency, a month worth two billion euros, that is, selling 100

Suppose that the Central Bank of Iraq pumped the euro currency into the markets when it was at a price of 0.96 cents at the end of last year, at the time when the dollar crisis began in Iraq, which resulted in reducing the gap between the official rate and the exchange rate in the parallel market very significantly, and at the same time achieved... Citizens who bought the euro at the time gained an estimated 15% profit. 

Also, at the same time, the Central Bank of Iraq could have invested in the euro if it had kept part of its euro currency reserves, assuming 10 billion euros and sold it when it reached $1.12. It would also have achieved profits of an estimated 15%, or about 1.5 billion.

The question here is: Is the Central Bank of Iraq able to transfer part of its assets from the US dollar to the euro? 

Or will he be a prisoner of the directions of the US Treasury and the policy of the US Federal Reserve?  link

Courtesy of Dinar Guru   https://www.dinarguru.com/

Frank26   Sudani went and told all the contractors he signed with, they can come into Iraq without any restrictions.  That's Article VIII...You are a sovereign country.  You can do whatever the hell you want to do with your currency and exchange rate.

Militia Man  Article:  "Specialist: The government is obligated to present its vision for next year’s budget in the middle of this month"  The government still being unable to implement the budget for the years 2023, 20224 and 2025 are amid secrecy and strict instructions to officials and advisors not to talk about the issue of the current or upcoming budget. Think about all of this. They are keeping what we are looking for tight to the chest. Rightfully so.. I love this!

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WARNING: The Economy May Not Survive This

George Gammon:   10-7-2023

https://www.youtube.com/watch?v=OBgOCct3OvA

Currency Insider - Dinar Update 9-7-23

Iraqi Dinar Investors Be Ready Big Rate Coming

 Iraqi Dinar Iraqi dinar new rates Dinar update

Currency Insider   4.9K subscribers

Iraqi dinar 🔥 Iraqi dinar revaluation going more strong 🔥 Iraqi dinar RV 🔥Iraqi dinar rate update

https://www.youtube.com/watch?v=yo5pVk_Lcu0

"Tidbits From TNT" Saturday 10-7-2023

TNT:

Tishwash:  Iraq offers financial bonds for sale to citizens

The Ministry of Finance announced the issuance of bonds under the name “reconstruction bonds,” and made them available for sale to citizens, starting on October 10 and for a period of one month.

 The Ministry stated in a statement, “The Public Debt Department, in cooperation with the Central Bank of Iraq, has announced the availability of bonds for sale to citizens in the name of reconstruction bonds, for the period from October 10 to November 9, 2023.” The statement added, "The first issuance of bonds worth one and a half trillion Iraqi dinars is tradable in the Iraq Stock Exchange."

 He explained, "The issuance will be available in two categories: the first at a price of 500,000 dinars with an annual interest of 6% for a period of two years, and the second at a price of 1,000,000 million dinars with an annual interest of 8% for a period of 4 years."

 The Ministry stated, "Citizens can apply for purchases exclusively through approved banks registered with the Central Bank of Iraq." 

She pointed out that “purchasing and trading of the bonds offered are exempt from taxes, according to what is stated in the General Federal Budget Law No. 13 of 2023.”   link

CandyKisses:  Russia sets the date of Sudani's visit to Moscow

Information/follow-up.   

Today 14:15

Russian President Vladimir Putin will meet with Iraqi Prime Minister Mohammed al-Sudani on October 10 and 11 in Moscow, Russian presidential spokesman Dmitry Peskov said.

The Kremlin representative added: "The visit will take place on October 11, or rather negotiations will take place on October 10, and this will be the official visit of the Sudanese Prime Minister of Iraq. Russian-Iraqi talks will take place, and the Russian president will also meet with Mr. Al-Sudani during a working breakfast."

According to him, on October 11, Putin and the Sudanese will jointly participate in the plenary session of the Russian Energy Week.

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Tishwash:  An Iraqi delegation will visit Turkmenistan at the end of the month to sign contracts to import its gas

 Prime Minister Muhammad Shiaa Al-Sudani received, this Saturday morning, the Minister of State for Gas Affairs in Turkmenistan, Mr. Maqsad Babayev, and his accompanying delegation.

During the meeting, according to a statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, “bilateral relations between the two countries were discussed, ways to develop them, and strengthening cooperation frameworks in the field of energy and gas, which culminated in the signing of a joint memorandum of understanding to import Turkmen gas to Iraq, to ​​meet the needs of gas stations.” Production and its electrical system.”

Al-Sudani blessed "the signing of a memorandum of understanding between the Ministry of Electricity and the Turkmen Ministry of Gas to supply gas, as an Iraqi delegation is scheduled to go to Turkmenistan on the twenty-fifth of this month to sign contracts."

The Prime Minister stressed that "the government has paid great attention to the energy sector in Iraq and made it one of its most prominent priorities and a basis for developing and diversifying the economy, and developing the rest of the vital sectors. He explained that Iraq possesses a great wealth of gas, but it needs time to invest it optimally, after it was late in this process." The matter has been going on for years, indicating that the trend to import Turkmen gas comes within the government’s vision and strategy to diversify sources of gas imports, as well as diversifying energy sources to ensure the continuity of the work of power generation plants.”

For his part, Babaev conveyed the greetings of the President of Turkmenistan to the Prime Minister, and expressed his country's desire to strengthen joint cooperation between Iraq and Turkmenistan in various fields, in a way that contributes to developing relations between the two countries and achieves the interests of their peoples.   link

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CandyKisses:  Sudani invites UAE President to participate in Baghdad conference

Information/Baghdad..
Today, Friday, the Ministry of Foreign Affairs announced that it had received the invitation of Prime Minister Mohammed Shiaa Al-Sudani to the President of the UAE, Mohammed bin Zayed Al Nahyan, to participate in the third Baghdad conference.

The spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahhaf, said in a statement received by Al-Maalomah, "The Ambassador of the Republic of Iraq to the United Arab Emirates, Muzaffar Mustafa Al-Jubouri, met with the Assistant Undersecretary for Protocol Affairs at the Ministry of Foreign Affairs of the United Arab Emirates, Ambassador Saif Abdullah Al-Shamsi, at the Ministry's headquarters."

During the meeting, the invitation sent by the Prime Minister of the Republic of Iraq, Muhammad Shiaa Al-Sudani, to the President of the United Arab Emirates, Mohammed bin Zayed Al Nahyan, to participate in the Baghdad 2023 Conference for Economic Integration and Regional Stability, scheduled to be held in Baghdad on 11/30/2023, was delivered. .

He added that "the two sides discussed ways to enhance aspects of cooperation between the two brotherly countries in various fields and ways to enhance and develop them."He pointed out that "the two sides stressed the importance of continuing meetings and strengthening bilateral efforts in the interest of the two brotherly countries and peoples."

Mot: .... Being Clever as A Mum!!!!

Mot:  .... Will You Please Hold the Flashlight!!!??? 

Weekend News with MarkZ 10-7-2023

Weekend News with MarkZ

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

CBD Gurus are for the first 30 minutes…then Mark with the news.

MZ: Very quiet overnight on the RV side…..but, great expectations for this weekend or the first part of this week.

MZ: My redemption center folks are on call this weekend. They are not at work….they are “on call”

MZ: Last week I told you all that I know a number of bankers not involved in the redemption process put on “stand by” for imminent currency value changes. I thought this was huge news.

MZ: No news on CMKX, Prosperity Packages or deliveries. Mr. C has not been paid yet…

MZ: It's inevitable that we are going to see a reset…..But, remember- nobody knows the exact date and time the reset will happen.

MZ: “ $17,400,000,000 in US Treasuries dumped by BRICS nations China, Brazil and Saudi Arabia in one month”  That’s 17 billion 400 million in US treasuries just dumped.  Andy Scectman told us this would happen. People are dropping them…the money is running back to the US and inflation will keep rising……this is part of the global crisis going on

MZ: “BRICS –Putin calls on alliance to reform global finance” He is reference payments systems to compete with the SWIFT as they work in their own personal currencies. Instead of all using the US currency like they do now…..This is all part of the reset going on. .

Member: Mar 31, 2023 — Depositors drained another $126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data.

Member: Traveling back to Puerto Rico tomorrow….See everyone for coffee Monday Morning.

MZ: My bank crew is sure ramped up and expecting something big this week.

Mod:   HAVE GREAT WEEKEND AND SEE YOU AT 10:00 AM EST. MONDAY!!

 “THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY

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.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND !  SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=3MpKXlIVYK0