Economist's "News and Views" Sunday 2-25-2024
Banking Sector Collapse Coming, Why It Could Happen in March – George Gammon
Pt 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews George Gammon, investor and macroeconomics expert, who warns that the banking sector could collapse as soon as March of next year.
Gammon breaks down the Bank Term Funding Program (BTFP), its expiration date, and Federal Reserve Chair Jerome Powell’s dilemma about renewing the program.
Banking Sector Collapse Coming, Why It Could Happen in March – George Gammon
Pt 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews George Gammon, investor and macroeconomics expert, who warns that the banking sector could collapse as soon as March of next year.
Gammon breaks down the Bank Term Funding Program (BTFP), its expiration date, and Federal Reserve Chair Jerome Powell’s dilemma about renewing the program.
00:00 - Banking crisis in March?
08:11 - What Jamie Dimon's decision to sell his shares mean
Watch Part 1 here: https://www.youtube.com/watch?v=fQMk3lnuAMM&t=5s
DEBUNKING DATA: Why You Can't Trust Official Economic Numbers Anymore | EP. 1
Taylor Kenny: 2-25-2024
Join Taylor Kenny on this week's episode of Taylor Made Economics as we debunk the data, revealing the truth behind inflated job numbers and adjusted inflation rates. Discover why the economy isn't as rosy as the headlines suggest
CHAPTERS:
00:00 Debunking The Data
00:53 Unemployment Rate
MARKETS A LOOK AHEAD: THE SYSTEM IS HYPER-INFLATING.
Greg Mannarino: 2-25-2024
Thoughts From Ariel : The Dinar is a Tier 2 Asset
Ariel : The Dinar is a Tier 2 Asset
Sunday, 25 February 2024
What I am about to upload needs to be read carefully. Because it goes back to a lot of what I explained to you all. One thing you need to understand is that you hold what banks need during the transition period.
And that is a Tier 2 asset called the Iraqi Dinar. The article will explain this to you on a formal basis.
By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy. That’s where you come in. Your IQD is going to play a pivotal role once it is reinstated on the Forex Market
Ariel : The Dinar is a Tier 2 Asset
Sunday, 25 February 2024
What I am about to upload needs to be read carefully. Because it goes back to a lot of what I explained to you all. One thing you need to understand is that you hold what banks need during the transition period.
And that is a Tier 2 asset called the Iraqi Dinar. The article will explain this to you on a formal basis.
By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy. That’s where you come in. Your IQD is going to play a pivotal role once it is reinstated on the Forex Market
Iraq will officially connect to corresponding foreign banks on March 1st to improve external balances.
After that will be the next big step and that’s becoming Article 8 Compliant and reinstating the IQD on global trade markets. After you read the article you will understand why banks had the meeting on February 20th for Tier 2 assets.
~~~~~~~~~`
Passing Through
Mckinle00935017: So it’s a “win-win” for us and the banks when we exchange after the revaluation?
Ariel Absolutely. You will be their lifeline. So they will treat you like royalty. No games will be played.
https://dinarchronicles.com/2024/02/25/ariel-prolotario1-the-dinar-is-a-tier-2-asset/
~~~~~~~~~~
Ariel : The Purpose of Tier 2 Reserves
Sunday, 25 February 2024
Making It Plain: Purpose of Tier 2 Reserves
• Tier 1 Capital: This is the thick, strong inner wall, made of things like shareholder equity and retained earnings. It’s the first line of defense against financial trouble.
• Tier 2 Capital: This is the second wall, not as strong as the first but still valuable. It’s made of things like undisclosed reserves, subordinated debt, and hybrid capital instruments.
Tier 2- A revaluation asset. Which is what the IQD and other foreign currency is considered. Banks are holding meetings to help set up this safety net against the coming currency revaluation that will phase out the fiat currency (USD) by converting your IQD into the US Treasury Bills that the banks will use as reserves.
So you will basically create a financial blanket against the coming Black Swan event when banks will have to weather this storm. So if you happen to have 10-50 million in IQD you just bolstered the reserves of the bank that will do your exchange.
The purpose of Tier 2 reserves, like other elements of Tier 2 capital, is to provide an additional buffer to protect the bank from losses. It acts as a cushion before the bank has to tap into its core capital and potentially affect its ability to lend money.
Here’s a breakdown of some key benefits of Tier 2 reserves:
• Absorb losses: If the bank faces bad loans or other financial difficulties, Tier 2 reserves can be used to absorb those losses before they reach the bank’s core capital. This helps to protect depositors and other creditors.
• Maintain financial stability: By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy.
Do you understand your role now? You will be the lifeline of banks going forward. They know this. Which is why they are preparing to serve your best financial interest once the IQD is trading globally on the Forex Market.
https://dinarchronicles.com/2024/02/25/ariel-prolotario1-the-purpose-of-tier-2-reserves/
Currency Insider Iraqi Dinar - Dong Updates Sunday AM 2-25-24
Currency Insider Iraqi Dinar - Dong Updates Sunday AM 2-25-24
Iraqi Prime Minister Shia Al Sudani Big Announcement About Iraqi Rv – 1:27
Bad news for Vietnam Dong investors – 1:13
Iraqi dinar revaluation before 30 days 1:42
Iraqi dinar 1 to 1 rate started – 4:56
Currency Insider Iraqi Dinar - Dong Updates Sunday AM 2-25-24
Iraqi Prime Minister Shia Al Sudani Big Announcement About Iraqi Rv – 1:27
Bad news for Vietnam Dong investors – 1:13
Iraqi dinar revaluation before 30 days 1:42
Iraqi dinar 1 to 1 rate started – 4:56
Iraqi Prime Minister Shia Al Sudani Big Announcement About Iraqi Rv – 1:27
Bad news for Vietnam Dong investors – 1:13
Iraqi dinar revaluation before 30 days – 1:42
Iraqi dinar 1 to 1 rate started – 1:56
Iraqi Dinar Video Updates Late Saturday Evening 2-24-24
Iraqi Dinar Video Updates Late Saturday Evening 2-24-24
IRAQ Stock Exchange Massive News 2024/Iraqi Dinar RV – 3:11
USD/IQD rate closes lower 2024/Iraqi Dinar RV - 2:55
Iraqi Dinar Video Updates Late Saturday Evening 2-24-24
IRAQ Stock Exchange Massive News 2024/Iraqi Dinar RV – 3:11
USD/IQD rate closes lower 2024/Iraqi Dinar RV - 2:55
IRAQ Stock Exchange Massive News 2024/Iraqi Dinar RV – 3:11
USD/IQD rate closes lower 2024/Iraqi Dinar RV – 2:55
News, Rumors and Opinions Sunday AM 2-25-2024
KTFA:
Frank26: "LIKE A GEIGER COUNTER THE CBI ROAMS".............F26
The outlets seized money in Iraqi dinars and dollars whose owners tried to smuggle them out of the country
- Baghdad
On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS machine at the Civil Customs Center, it was found that the total amounts amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
KTFA:
Frank26: "LIKE A GEIGER COUNTER THE CBI ROAMS".............F26
The outlets seized money in Iraqi dinars and dollars whose owners tried to smuggle them out of the country
- Baghdad
On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS machine at the Civil Customs Center, it was found that the total amounts amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
The statement added, "The Shalamcheh border port was able to arrest an Iraqi traveler in the departure hall who did not have official documents in possession of (62) thousand US dollars. He tried to smuggle it by concealing it in a professional manner."
He pointed out, "Their statements were duly recorded and they were referred, along with the seized items, to the competent judicial authorities to take legal measures against them." LINK
Frank26: "BECAUSE IT WAS STARTED WITH THE MONETARY REFORM FIRST IN ORDER FOR THE ECONOMIC REFORM TO SUCCEED"..............F26
Multiple advantages and an important turning point... How did electronic payment methods affect the Iraqi economy?
2/22/2024 Baghdad
The process of gradual transformation towards the use of electronic payment methods has constituted an important economic turning point in Iraq, especially with government support that stresses the necessity of adopting this type of dealings in all governmental and private departments, which specialists describe as “important”, stressing that the transformation towards...
The use of “electronic money” represented by payment cards, and abandoning cash dealing, carries several advantages, including eliminating many cases of corruption, absorbing citizens’ hoarded cash, as well as the possibility of reducing the rise in inflation after using small amounts in buying and selling operations through points. Electronic sales, according to the official newspaper.
This electronic transformation of the use of money in daily transactions represents the utmost importance in the government’s directions, which is making great efforts to complete this direction, especially after “the Council of Ministers had previously obligated private educational institutions, universities, private colleges, fuel processing stations, centers and shops of all kinds.” Restaurants, pharmacies, private medical clinics, stores, all wholesale and retail marketing outlets, professionals, and others that require payment for their interests within the boundaries of the Baghdad Municipality and the governorate centers and districts throughout Iraq, with a minimum amount of their cash receipts through the electronic point-of-sale (POS) system. .
Despite the short period of time in which it was officially decided to actually start using electronic payment methods (POS) in the country, “the World Bank believes that the infrastructure for electronic payment systems in Iraq is the best in the region,” praising during a meeting with the Governor of the Central Bank, Ali Mohsen Al-Alaq, Director of the World Bank Office in Iraq, Richard Abdel Nour, explained, “The Central Bank’s procedures for facilitating financial transfers to different segments in Iraq.”
Al-Alaq had confirmed that “the Central Bank and the government give great priority to the issue of electronic payment because of its important economic repercussions and raising the level of transactions away from excessive use of cash,” indicating that “the Iraqi economy is a cash economy par excellence and the electronic payment process aims to reduce the economic degree of cash in a way.” big ".
The Central Governor added, "The Prime Minister is very supportive of the process of transitioning to electronic payment and holds successive and continuous meetings in order to strengthen the procedures related to this issue. We have made important progress in arranging electronic payment at the level of collection and payment in state institutions."
The "gradual" dispensing with paper money is, according to a member of the Iraqi Economists Association, economic researcher Muqadam Al-Shaibani, of great importance capable of achieving packages of positive results, especially since the dissemination of electronic payment tools in all stores will contribute to gradually abandoning the use of cash, and this will be It has significant consequences for the national economy.
Al-Shaibani also pointed out that the government granted privileges to all store owners by exempting them from tax if they use electronic payment methods, and this constitutes an important incentive, pointing at the same time to what he described as the “fundamental point” that the electronic payment process can achieve.
He explained the possibility of absorbing approximately 92% of the cash mass saved in homes after the complete shift towards electronic currency dealing, as the banking system will be able to invest it in supporting productive projects that contribute to the continuation of the money cycle and reduce inflation rates and also contribute to a high degree in eliminating red tape and corruption in institutions. The state, stressing the need to issue punitive decisions on public and private institutions and agencies that are reluctant to implement and publish electronic payment tools.
It is noteworthy that the Association of Private Banks, in a statement to the official agency, counted the number of electronic payment devices and payment cards during the year 2023, confirming that this issue is witnessing a major transformation.
The Executive Director of the Association of Banks, Ali Tariq, said: “The electronic payment file is making continuous progress thanks to the support and directives of Prime Minister Muhammad Shiaa Al-Sudani, and the government’s insistence on achieving this goal has stimulated all institutions, whether governmental, private or financial institutions, to cooperate in the field of providing electronic payment tools to the citizen.” Across the public and private sectors.”
He pointed out that "after the issuance of the Council of Ministers' decision to generalize electronic payment last year, a very significant progress and leap was achieved with regard to the number of points of sale, whether in the private or government sector, as it rose in just half a year from about 7,000 devices to 24,000 devices at the end of the same year." 2023, expecting that “the number of electronic payment devices will increase further during the year 2024.”
He pointed out that "nearly two and a half million cards were issued in 2023, whether prepaid cards or cards linked to an account to activate them in this field." LINK
****************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff The starting point of the US interactions with Iraq was on March 17, 2003...Is it possible the US might end its actions with Iraq on the anniversary date of when it started...March 17, 2024?
Frank26 Question: "Is it good to hold some of our currency and hope the exchange rate will increase years from now?" That's your decision. I can't answer that for you. But its a logical thing if it's in the float. Let's say you got 2 million, exchange 1 million and check out the float. Maybe you can get it for 2 to 1, 3 to 1, 4 to 1. Yeah, that's proper stewardship. But based on the amount of time they give you is how you determine whether you hold them or fold them.
Why Central Banks Have Been Stockpiling Gold | Ronald-Peter Stoeferle
David Lin: 2-24-2024
Ronald-Peter Stoeferle, Managing Partner of Incrementum AG and author of the "In Gold We Trust" report, discusses why central banks around the world have been adding to their gold reserves, as well as the impact of monetary and fiscal policies on markets this year.
0:00 - Intro
1:20 - 2024's investment themes
3:30 - Monetary policy
4:41 - Fiscal policy
6:35 - Global trends
10:15 - Stocks vs. gold
14:43 - Central bank gold reserves
19:48 - Consumer spending
21:47 – Bitcoin
Iraqi Dinar Today Video Updates Saturday Afternoon 2-24-24
Iraqi Dinar Today Video Updates Saturday Afternoon 2-24-24
IQD RV Announcement Today With High Exchange Rate – 2:38
Huge News Chase Bank Exchange Your Dinar With High Value – 4:51
Open A Chase Bank Account And Exchange Your All Dinar – 4:23
Iraqi Dinar Today Video Updates Saturday Afternoon 2-24-24
IQD RV Announcement Today With High Exchange Rate – 2:38
Huge News Chase Bank Exchange Your Dinar With High Value – 4:51
Open A Chase Bank Account And Exchange Your All Dinar – 4:23
IQD RV Announcement Today With High Exchange Rate – 2:38
Huge News Chase Bank Exchange Your Dinar With High Value – 4”51
Open A Chase Bank Account And Exchange Your All Dinar – 4:23
More News, Rumors and Opinions Saturday Night 2-24-2024
TNT:
CandyKisses: Revealing the most prominent points of contention over the oil law
Information / Baghdad.The parliamentary oil, gas and natural resources committee revealed on Saturday seven points of contention between the region and the center in the draft oil and gas law.
Committee member Ali Al-Mashkour told Al-Maalouma that "the oil and gas law faces 7 controversial points, most notably the region's demand for the right to veto decisions from the Oil Council, and this matter cannot be accepted."
He added that "there is a real intention in Baghdad to clear the differences between the region and the center on the points of contention over the oil and gas law," and pointed out that "the other point of contention is the marketing mechanism and whether It is done through SUMO or through the region, as well as financial revenues."
TNT:
CandyKisses: Revealing the most prominent points of contention over the oil law
Information / Baghdad.The parliamentary oil, gas and natural resources committee revealed on Saturday seven points of contention between the region and the center in the draft oil and gas law.
Committee member Ali Al-Mashkour told Al-Maalouma that "the oil and gas law faces 7 controversial points, most notably the region's demand for the right to veto decisions from the Oil Council, and this matter cannot be accepted."
He added that "there is a real intention in Baghdad to clear the differences between the region and the center on the points of contention over the oil and gas law," and pointed out that "the other point of contention is the marketing mechanism and whether It is done through SUMO or through the region, as well as financial revenues."
Tishwash: US Troops to Stay in Syria and Iraq but Perhaps Not for Long
In recent weeks, there have been meetings in Washington and in Baghdad about the presence in Iraq and Syria of US troops, whose official mandate is to aid local forces against remnants of the so-called Islamic State (IS).
These meetings come following the post-October 7 surge of attacks on US forces in the region by Iran-backed Shia militias seeking to take advantage of the Israel-Hamas war and Arab public anger over unconditional US support for Israel. The Biden administration does not want to be seen as “cutting and running,” as that would show these militias and their patron in Tehran that they can drive the United States out of the Middle East. The strong US military response earlier in February following a January 28 Iraqi militia drone strike killed three American servicemembers at a US base in Jordan has temporarily stopped such attacks. But the ongoing discussions in the US and Iraqi capitals suggest that Washington may be planning for an eventual withdrawal.
Since 2013 the United States has partnered with the Syrian Kurds to combat IS in the northeastern part of the country. US military commanders found that these Kurds, mostly associated with the People’s Protection Units (YPG), were experienced fighters willing to sacrifice to rid their area of the IS presence. The fact that these Kurds incurred more than 10,000 casualties in the counter-IS campaign earned them the respect of the US military. Given that large parts of northeastern Syria are inhabited by Arab Sunni tribes, however, the United States worked with the Syrian Kurds to bring ethnic Arabs into their militia force, thereby creating the Syrian Democratic Forces (SDF).
This force is the main protector of the Kurdish-led Autonomous Administration of North and East Syria (AANES), formerly called Rojava, which means “west” in the Syrian Kurdish dialect and refers to what Syrian Kurds see as the western part of traditional Kurdistan.
Turkish incursion further south into Syria.
But Reassessing Syria Policy
Unbeknownst to Syrian Kurds at the time, on January 18, 2024, the National Security Council held an Interagency Policy Council meeting about the future of the US troop presence in northeastern Syria. At the working-level meeting, which was held at the behest of the Department of Defense, the Pentagon reportedly floated the idea that the Syrian Kurds should partner with the Syrian regime in its fight against IS. Although no decision was made, a follow-on senior level meeting is supposed to take place soon. That the January 18 meeting happened at all indicates that elements in the US government are looking for ways to remove US forces from Syria.
When apprised of the meeting by a reporter, SDF commander Mazlum Abdi said he was “stunned and unable to fathom the reasoning behind this rotten plan.” He emphasized that IS controls swaths of territory to the west of the Euphrates River on the “regime side” and maintains a presence on the road to Damascus. Kobane added that the Syrian regime refuses “any meaningful dialogue” and opposes a “democratic future of Syria.”
He also said that Syrian government forces are incapable of defending the territories under its control against IS, “let alone ours.” Indeed, one American think tank expert said he had been approached by several US officials to ring the “alarm bells” about a potential US withdrawal from Syria because it is “not being properly thought through.”
However, it is unlikely that the Biden administration would support a removal of US troops from northeastern Syria before the November presidential election, since the optics of the United States abandoning the Syrian Kurds could have shades of the disastrous 2021 American withdrawal from Afghanistan. But it is possible that Biden could remove troops after the election. If Trump were to return to the presidency, such a withdrawal Is almost certain.
Why the Biden administration may want to remove troops from Syria is speculation at this point but may be tied to several factors. One factor may be simply that US troops and bases have become convenient targets for pro-Iran militias, and the specter of a wider war between the United States and Iran makes their presence even more risky.
Second, the Biden administration may be inclined to curry favor with Turkey, with a US withdrawal from Syria perhaps serving as a quid pro quo for Ankara’s recent decision to agree to admit Sweden to NATO.
Third, the Biden administration believes the Assad regime is likely to remain in power for the foreseeable future and thus, if an indefinite US military presence in Syria is not in the cards, that the Syrian Kurds need to reach some type of accommodation with the regime. In other words, a Syrian Kurdish rapprochement with Damascus may be the least unpalatable option for the Kurds. Turkey, Iran, and Russia, which all have forces in Syria, oppose Syrian Kurdish autonomy. While the Assad regime is not in favor of autonomy either, such thinking goes, it may not be in a strong enough position to take on the SDF militarily and thus may reach an accommodation with it.
States. For all these reasons, there have been no militia attacks on US military personnel or bases in Iraq and Syria since February 4, though the SDF claimed that a pro-Iranian militia force hit one of its bases in Syria on February 5, killing six Kurds.
Indefinitely, but it must conduct any withdrawal judiciously. Whether it likes it or not, the United States has a moral obligation to the Syrian Kurds, to whom it owes much in the fight against IS. Saying that they should simply make an accommodation with the Assad regime is inadequate and irresponsible.
Washington should also make clear to the Turkish government that a US withdrawal should not be a signal for Ankara to move further south and destroy the AANES entity. In Iraq, US and Iraqi officials should come to a realistic understanding of when the Iraqi military will no longer need US training to take on IS cells without US support. In other words, military capabilities should be the driving force behind any withdrawal decision, though politics will almost assuredly intervene.
(Arab Center Washington)
Disclaimer: the views expressed in this report do not necessarily reflect the official standpoint of Shafaq News Agency. link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq's natural resources to stimulate growth is off the charts. They're right there underneath just a few countries... United States, Saudi Arabia...When it comes to valuation they're going to have to value the currency at some point in time to a Real Effective Exchange Rate (REER)...
Frank26 You know the qualifications to be part of the WTO. Is it to have value to their currency? No. It is to have a currency with no restrictions. Therefor if there are no restrictions on their currency, Hey, CBI, go crazy!
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The $900 BILLION Banking Crisis Threatening U.S. Banks, Debt Is Skyrocketing
Atlantis Report: 2-24-2024
With a staggering 900 billion dollars in commercial real estate debt set to mature this year and interest rates remaining stubbornly high, the stage is set for a perfect storm that could shake the foundations of the banking industry.
As the Federal Reserve grapples with the delicate balance of controlling inflation while avoiding a downturn, experts warn of an impending crisis that could rival the magnitude of the 2008 financial meltdown.
Against this backdrop of uncertainty, financial analysts and regulators are sounding the alarm, highlighting the vulnerabilities that have left banks exposed to mounting losses and delinquencies.
Weekend News with MarkZ Saturday 2-24-2024
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
THE GURUS WILL KICK OFF THE FIRST 45 MINS AND THEN AT 10:30 AM MARK GIVES THE NEWS!
Member: Good glorious Saturday morning to everyone
Member: I just read Iraq has a holiday Monday…So basically they have a 3 day weekend…..fyi
MZ: Plenty of RV rumors running around today about Reno and Europe that we could get an announcement today. But, I think it could be a bit premature. I can tell you the chatter is off the hook
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
THE GURUS WILL KICK OFF THE FIRST 45 MINS AND THEN AT 10:30 AM MARK GIVES THE NEWS!
Member: Good glorious Saturday morning to everyone
Member: I just read Iraq has a holiday Monday…So basically they have a 3 day weekend…..fyi
MZ: Plenty of RV rumors running around today about Reno and Europe that we could get an announcement today. But, I think it could be a bit premature. I can tell you the chatter is off the hook
MZ: But there are a ton of bankers and group leaders that swear I will be proven wrong and they will get notices today. We will find out….just stay calm.
MZ: We have certainly heard this before but have never been in this same spot where this many things are completed… which does make hearing this something we need to pay attention too. Just stay grounded and calm today as we wait to find out.
MZ: If its true you will see me again today….If not you will see me Monday morning.
Member: I read a blip that we could receive our notices today, but at lower rates first then the higher rates would change to exchange or redeem...
MZ: One of my three redemption center contacts have not been called into work…but they said there is always a possibility. They are being told to prepare for a possibly very busy week this week. They have warned them of that 2 or 3 times in the past …..but they did give them a heads up that there is a potential of this week for them to be working some major overtime.
MZ: The banks are stuck in the position of having to be prepared to go at any moment for when that trigger is pulled. So they are prepared for a potentially very busy work week.
MZ: There are tons of rumors that things have started processing on the group side but I don’t have any group leaders willing to confirm that. Or to deny it.
MZ: “Which countries have the largest gold reserves?” I find this interesting …they are showing the US with $8,133 tons of which half is supposedly stored at Ft. Knox.I question whether or not it’s still there. Many conspiracy theories that this gold is long gone because they refuse to open up for an audit.
MZ: US is supposedly number one…and Germany is next with $3, 353 tons….then Italy with $2,452 tons…..France has $2, 437…Then Russia with $2, 333.and China supposedly at $2,192 tons . I would suppose China has considerably more than what they show. They are guessing based on China’s international purchases…..they do now show what they have domestically. Same goes for Russia who has large gold producing areas as well.
MZ: This does show tremendous demand for gold in Central banks. They say half the gold in the world is now held by central banks.
Member: Have a great weekend everyone cya on Monday morning ….hang in there never give up
Member: Thanks Mark and mods. Happy birthday to all those celebrating!
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
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
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 MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Saturday AM 2-24-2024
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.
Restored Republic via a GCR: Update as of Sat. 24 Feb. 2024
Compiled Sat. 24 Feb. 2024 12:01 am EST by Judy Byington,
Judy Note: On Fri. 23 Feb. an Event may have happened that changed timing of The Plan. A Military Contact then reported that The Plan was now in place and was being implemented. The White Hat Military Alliance “had everything on everybody.”
It remained my personal opinion that Tier4b (Us, the Internet Group) would receive our redemption appointments AFTER the Ten Days of Darkness, or what was better referred to as the Ten Days of Exposure, and that those ten days would begin very soon. Look for Black Swan Events: Outages, Cyber Attacks, Bank Failures leading to Worldwide Martial Law, Exposure of the Cabal’s nefarious activities and Activation of the Quantum Financial System.
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.
Restored Republic via a GCR: Update as of Sat. 24 Feb. 2024
Compiled Sat. 24 Feb. 2024 12:01 am EST by Judy Byington,
Judy Note: On Fri. 23 Feb. an Event may have happened that changed timing of The Plan. A Military Contact then reported that The Plan was now in place and was being implemented. The White Hat Military Alliance “had everything on everybody.”
It remained my personal opinion that Tier4b (Us, the Internet Group) would receive our redemption appointments AFTER the Ten Days of Darkness, or what was better referred to as the Ten Days of Exposure, and that those ten days would begin very soon. Look for Black Swan Events: Outages, Cyber Attacks, Bank Failures leading to Worldwide Martial Law, Exposure of the Cabal’s nefarious activities and Activation of the Quantum Financial System.
Global Currency Reset:
Fri. 23 Feb. Banking Intel: : This info came from Hong Kong, England, NYC, Reno and several contacts within the USA who have connections. The message was the same throughout. The economies of the world has not changed especially the US and to avoid a world wide shut down this RV needs to occur ASAP to avoid this calamity and those in power recognize this.
Fri. 23 Feb. Wolverine: On Thurs. 22 Feb. the Central Bank of Iraq made an official RV announcement on TV: Iraq will present a Sovereign coin and release it. Rubem BAZ: He says BENEFICIARIES Dr. MIGUEL, AND G13 CONFIDENTIALITY AND SECURITY OF THE OPERATION THIS IS THE FINAL INFORMATION 1) YESTERDAY I INSERTED CODE, PASSWORD, 2) A DOCUMENT FROM RENO ARRIVED AT BACEN, WHERE THE ENTIRE WORLD INTERBANK WAS DISSEMINATED WITH THE QFS, 3) THE PLATFORMS AND COUNTRIES ALREADY HAVE LIQUIDITY IN THEIR CPFS AND/OR PASSPORTS, 4) THE WORLD BANKING INSTITUTIONS THAT WILL CALL INVESTORS AND BENEFICIARIES, 5) IN BRAZIL, THE WORLD BANK AND THE IMF FINISHED ALL THE PENDINGS YESTERDAY AND TRAVELED TODAY, 6) THE GENERAL REQUESTED A DOCUMENT FROM THE IMF FOR THE PRESIDENT OF SAFRA, WHO WAS AUTHORIZED TO CONTACT ME, AND THIS DOCUMENT ALREADY ARRIVED, 7) NOW FOR THE WORLD TO SPEND, I WILL ONLY OCCUR TO MOVE ANY AMOUNT IN MY ACCOUNT THAN THE VALUES ALREADY AVAILABLE, SUMMARY: WASHINGTON IMF GIVES THE GREEN LIGHT TO THE HARVEST, I ENTER, MOVEMENT AND THE WORLD PASSES SIMULTANEOUSLY AND EVERYONE WILL BE HAPPY, UNTIL NEXT WEEK. Blessings Wolverine
Fri. 23 Feb. MarkZ: “There are a lot of rumors that everything implodes next week.”
Global Financial Crisis:
The Cabal’s Great Reset: Former Blackrock portfolio manager, Ed Dowd, explains why every last remnant of human freedom depends on widespread rejection of CBDC. “It is literally a prison planet. Once the central bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down”.
Fri. 23 Feb. The three largest Chinese banks (Industrial and Commercial Bank of China, China Construction Bank and Bank of China) have been rejecting Russian payments via SWIFT, SPFS and CIPS since the beginning of the year.
Catherine Herridge was the only person on the CBS Face The Nation panel speaking about a “Black Swan” event: Outages, Cyber Attacks, Banks on the Brink of collapse, Yen Crashing, US Markets are in a “Melt Up.”
Fri. 23 Feb. JP Morgan CEO Dimon selling 150 Million $ of stock.
Read full post here: https://dinarchronicles.com/2024/02/24/restored-republic-via-a-gcr-update-as-of-february-24-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Article: "In support of the Iraqi dinar Watch.. Forces roam the streets of Najaf and review store records in search of dollar transactions" They are going door to door...THEY ARE GOING TO BUSINESS TO BUSINESS, TO RETRIEVE EVERY DOLLAR FOR THE INTRODUCTION OF LOWER NOTES. You're shrinking the market dollars so they can be closer to the official exchange rate so you can get a 1 to 1 which will cause it to float in the international basket so you can add value to your currency...
Jeff In March the UN will be submitting their official, 'We're done', 'we're ending our mission in Iraq' report to Iraq...After Iraq has revalued is when it gets submitted and turned over to the Iraq government...
This Chart Shows Why $100 Silver Is Likely | Tavi Costa
Liberty and Finance: 2-23-2024
Triple digit silver is likely, says Tavi Costa, partner at Crescat Capital "It's going to be very volatile." He points to how many silver miners are extremely undervalued.
Precious metals have very little mainstream interest right now. General investors now have almost no allocation to the gold space. But once the upward movement becomes clear, "you won't find any distressed assets anymore."
INTERVIEW TIMELINE:
0:00 Intro
1:08 Silver update
4:43 Gold allocation
7:41 Miners
12:25 Stock market
20:30 Yield curve inversions
Iraqi Dinar Today Video Updates Friday Evening 2-23-24
Iraqi Dinar Today Video Updates Friday Evening 2-23-24
Great man Wells Fargo Confirm Dinar Revaluation Date And Time – 2:31
WOW Al Sudani Got Letter From Washington For Date Of IQD RV – 3:13
See the Big News Rate Happened Dinar $6.30 & Dong $4.33 USD – 3:43
Iraqi Dinar Today Video Updates Friday Evening 2-23-24
Great man Wells Fargo Confirm Dinar Revaluation Date And Time – 2:31
WOW Al Sudani Got Letter From Washington For Date Of IQD RV – 3:13
See the Big News Rate Happened Dinar $6.30 & Dong $4.33 USD – 3:43
Great man Wells Fargo Confirm Dinar Revaluation Date And Time – 2:31
Hello, World!
WOW Al Sudani Got Letter From Washington For Date Of IQD RV – 3:13
See the Big News Rate Happened Dinar $6.30 & Dong $4.33 USD – 3:43
Friday Night Chat with MarkZ 2-23-2024
Friday Evening 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
Member: Good evening Mark and to all in the RV community
Member: Another month passes by…
Member: This weekend Mark!!! Golden Weekend!
Member: Is there any RV news at all today?
Friday Evening 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
Member: Good evening Mark and to all in the RV community
Member: Another month passes by…
Member: This weekend Mark!!! Golden Weekend!
Member: Is there any RV news at all today?
Member: Had info from a platform that Reno may move today?
MZ: We definitely heard those rumors as well. There are a lot of rumors for this evening…a lot of platform rumors, and group rumors for this evening. But, some of my best contacts do not believe it is happening this weekend….but they are absolutely prepared….It’s best to just stay calm.
MZ: But I hope the people hearing it’s going to be tonight are correct.
NZ: “JP Morgan selected to run New Trade Bank in Iraq” JP Morgan in Iraq has been preparing in Iraq according to Bloomberg and newsweek ….meanwhile their offices here in the US -the JP Morgan staff tells people it is not happening…..
MZ: They are either given you a approved message from employees…Or they are not at the level to know yet.
Member: Currency being called a ‘scam’ is the funniest thing ive ever heard, every country has its own currency and exchange rate, how can THAT be a scam?
Member: Chase Banks Vice President and manager admitted yesterday at our meeting they know....
Member: I've heard 2023 is the year of jubilee, saying that, Bo Polny says we're still in 2023 and 2024 Member: starts (from Jesus' time) 3/14/24 I pray he's accurate on all of it!!
Member: Mark Kuwait RV'd during ramadon so maybe Iraq could too??
Member: You know - back in the day of Nick Fleming - he called for March 2024. Maybe, just maybe he was right about something!
Member: Everyone enjoy your evening….see you in the morning. Hope the sources who say tonight is the night are right!!!
Mod: BYE ALL AND PLEASE DO NOT EMAIL MARK OVER THE WEEKEND! HE WILL DELETE THEM. THANKS
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
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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.
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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 NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!