More News, Rumors and Opinions Wednesday Afternoon 9-18-2024
KTFA:
Clare: Launch of the Iraqi-Azerbaijani Businessmen Forum in Baku
9/18/2024
The Azerbaijani capital, Baku, witnessed the launch of the Iraqi-Azerbaijani Businessmen Forum on Tuesday, in the presence of the Iraqi Minister of Trade, Athir Al-Ghariri, and the Azerbaijani Minister of Economy, Mikail Jabbarov.
In a speech he delivered at the forum, Al-Ghariri referred to the depth of historical relations between Iraq and Azerbaijan, and the importance of strengthening them by establishing real partnerships between businessmen from the two countries, which would contribute to enhancing economic growth, according to the Russia Today Arabic website.
KTFA:
Clare: Launch of the Iraqi-Azerbaijani Businessmen Forum in Baku
9/18/2024
The Azerbaijani capital, Baku, witnessed the launch of the Iraqi-Azerbaijani Businessmen Forum on Tuesday, in the presence of the Iraqi Minister of Trade, Athir Al-Ghariri, and the Azerbaijani Minister of Economy, Mikail Jabbarov.
In a speech he delivered at the forum, Al-Ghariri referred to the depth of historical relations between Iraq and Azerbaijan, and the importance of strengthening them by establishing real partnerships between businessmen from the two countries, which would contribute to enhancing economic growth, according to the Russia Today Arabic website.
Al-Ghariri called on Azerbaijani companies and investors to enter the Iraqi market and explore available investment opportunities, stressing the need to increase the export of Iraqi products to Azerbaijan.
He stressed the importance of cooperation in the field of localizing the gold industry in Iraq, where they discussed ways to benefit from Azerbaijani expertise to support and develop this vital sector in a way that serves the Iraqi economy.
For his part, Azerbaijani Minister of Economy Mikail Jabbarov stressed his country's keenness to develop trade and investment relations with Iraq.
The forum was attended by a large number of Iraqi and Azerbaijani traders and businessmen. LINK
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Clare: Is the decline in oil prices related to the rise in exchange rates? An "important" clarification from Al-Alaq
9/18/2024 Baghdad
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, while he indicated that the decline in oil prices has nothing to do with the rise in the exchange rate.
Al-Alaq told the official agency, which was followed by "Al-Eqtisad News", that "the Central Bank provides the dollar at the official price to all commercial and personal channels, travelers, and all types of operations that represent legitimate activities, operations, and requests."
He pointed out that "any price outside the country is a price that only indicates the existence of abnormal operations that attempt to deviate from the official and legal system and the correct fundamental channels," stressing the need to "focus on the amount of sales carried out by the Central Bank at the official price and those seeking the dollar, whether they are traders, importers, individuals or travelers."
He pointed out that "methods have been put in place for each channel to secure the provision of dollars on the one hand, and a very large degree of oversight to verify the integrity of the pre-operations before they are implemented," noting that "this is a major shift in foreign transfer operations, as they were previously audited at a later stage, and today all transfer operations are not carried out or implemented except after they are subject to the auditing process."
He explained that "the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has foreign currency reserves that enable it to defend the exchange rate." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on television saying we will have more digital banks in Iraq than the entire surrounding region of the Middle East. They're saying the new banking reform will eliminate the black market. FRANK: BOOM! There it is. There it is. There it is.
Militia Man The digital transformation is here and it's only going to grow and grow and grow in totality...When they're going from a cash economy to a digitized cashless economy, is going to have what? Article VIII compliant currency on an international global Forex market. That's what we should expect at any time...
LIONS! TODAY WE ROLL! CRITICAL UPDATES: REAL ESTATE, STOCKS, GOLD, SILVER, CRYPTO, MORE.
Greg Mannarino: 18-2024
Fed’s Biggest Rate Cut in Years; Here’s Why it Will Wreck the Economy
Daniela Cambone: 9-18-2024
"There's a possibility that we may need a currency alternative to the dollar, because the central banking system is trying to make it collapse," says Todd Bubba Horwitz, founder and CEO of Bubba Trading.
In an interview with Daniela Cambone, he criticizes the Fed for its irresponsible actions of printing money to stimulate the economy.
"If you recognize the definition of a Ponzi scheme, you create new money to satisfy old debt, which is what we've done." He also comments that people are spending more than they make, making the case for the precarious situation with consumer debt hitting record highs.
Horwitz maintains his bullish outlook on gold and silver, predicting the precious metals to go higher this year.
“Coffee With MarkZ” Wednesday Morning Chat 9-18-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning and welcome to mid week already…..Is this our big day??????
Member: We should have known all along... IRAQ, "Its Really Always Quiet" It’s in their name
Member: Anybody hearing any good news? Bruce thinks we’re going to get numbers this afternoon
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning and welcome to mid week already…..Is this our big day??????
Member: We should have known all along... IRAQ, "Its Really Always Quiet" It’s in their name
Member: Anybody hearing any good news? Bruce thinks we’re going to get numbers this afternoon
Member: Jeff Rahm says the rv has started and Reno is going.
Member: I hear it could be between now and Sunday for an RV
MZ: That’s pretty much what I have been hearing.
MZ: My bond people have been eerily quiet with only one of them checking in…..and their appointment has been punting from today to Saturday…..but it’s because they did not meet compliance and had a document that needed correction…I am waiting for updates from others to see if anything is moving today or this week…...
Member: Those poor bond people…..must be even more frustrated than we are!
Member: Perhaps; the Bonds are being paid on the QT with a caveat that peeps keep their yap-shut? Thus; the paid-out funds are finally released at one time at the end ?
Member: I hear some bond people have been paid but funds not released yet?
MZ: That is my understanding as well.
Member: I’ve heard all bonds paid to all tiers! Just waiting for notification ‘s ! Green light is on ! Let’s getter done
Member: I have friend who is Native American. He received notification from the heritage fund.
Member: MARKZ, A RATE question, VND ,IYO, will IT be higher than $.47?
MZ: Most rumors put the rate somewhere around $2.25 to $3 or so…..But we don’t know that answer for certain.
Member: We have always been told this event would happen in the dead of night when no one would expect it. It that iraq’s overnight or ours????
MZ: I was told that the most likely time for this to happen was between 11 pm to 2 pm est…Because that time would be easiest for the entire world to do a reset…..It does not have to be during that time but, it is the most likely time.
MZ: “Nassim Taleb : People aren’t seeing the real de-dollarization ” I thought this was a fantastic read from Mike Maharry….he writes over at MoneyMetals. He goes through the history of de-dolarization and what we have watched occur. The world has de-dollarized over 14% wihin 2 years. He shows us the slowly, slowly, Suddenly …and the suddenly part is happening real soon.
Member: Recaps posted it yesterday….good article
Member: Dow down 120. Could today be the day it crashes?
Member: Greg Mannarino thinks the crash will happen this week.
Member: Sleepers will wake up quickly when the ATMs are empty
Member: Sudani meant to attend UN General meeting next week – I wonder if he will go with the 1310 rate????
Member: Goldilocks has said that October 1st is a Basel 3 deadline first step for large US banks to have a small percentage of physical gold,
Member: The Harvest Blood moon was yesterday, the harvest is here, new beginnings.... we manifest this worldwide wealth transfer now
Member: The end of USA Physical Year in 12 days .. Rosh Hashanah, New Year 5785 in 14 days ...
Member: Happy Days are coming friends
Member: Thank you all for everything you do to make this a better world!!!!
Member: Hope you are all having an amazing Wednesday
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
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Wednesday AM 9-18-2024
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.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 18 Sept. 2024
Compiled Wed. 18 Sept. 2024 12:01 am EST by Judy Byington
Tues. 17 Sept. 2024 BREAKING! White Hats Lead the Greatest Sting Operation Ever—Military Units Mobilize Worldwide to Wipe Out the Globalists! … (JFK Jr.) on Telegram
GESARA’s promised wealth transfer—the biggest in history—is here. This isn’t just money; it’s the liberation of trillions of dollars from the secret vaults of the elites. The old financial system, built to enslave humanity, is crumbling. Wealth will be returned to the people where it belongs. Prepare now—secure your assets and align yourself with the truth. This is the moment we’ve been waiting for!
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 Wed. 18 Sept. 2024
Compiled Wed. 18 Sept. 2024 12:01 am EST by Judy Byington
Tues. 17 Sept. 2024 BREAKING! White Hats Lead the Greatest Sting Operation Ever—Military Units Mobilize Worldwide to Wipe Out the Globalists! … (JFK Jr.) on Telegram
GESARA’s promised wealth transfer—the biggest in history—is here. This isn’t just money; it’s the liberation of trillions of dollars from the secret vaults of the elites. The old financial system, built to enslave humanity, is crumbling. Wealth will be returned to the people where it belongs. Prepare now—secure your assets and align yourself with the truth. This is the moment we’ve been waiting for!
Stay vigilant. The storm is coming and we’re closer than ever to victory. Share this with everyone. The truth must spread like wildfire. The world is waking up, and we will WIN!
Tues. 17 Sept. 2024 Bruce:
Bond Holders are getting funds into their accounts right now and will have access to those funds Thurs. or Friday.
Tier4b (us, the Internet Group) will be notified at the same time as Tier 3.
Redemption Center people in charge of getting emails to Redemption Center leaders will be sending those emails around 6pm EST tonight Tues. 17 Sept.
Tier4b should get 800 numbers by 12 noon Wed. 18 Sept. 2024.
SS increases will be here by the end of Sept.
R&R will come out in September. Our R&R will be in our account at our appointment.
When we are notified we can use that information to set our appointments and could possibly go to exchange that same day.
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Tues. 17 Sept. 2024 Wolverine: “Things are defiantly happening behind the scenes. We are going to be celebrating this week. There are things that I can’t say, but I wanted you to know that things are defiantly moving.” … “I agree with Mr Salvage report on German Bastidas who is one of the leaders of the Pentecostal Group. They have now finished all the contracts with the Call Centers which are located in Brazil. On Mon. 16 Sept. 2024 notifications began to be delivered. On Tues. 17 Sept. 2024 they will close the platforms and be ready to begin start the blessing. They will begin sending the transactions from the 1st to the 2nd of October to each member.”
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Tues. 17 Sept. 2024 Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency …Charlie Ward on Telegram
The collapse of the fiat system has been a long time coming. Historically, fiat money, which lacks intrinsic value, became the global standard in the 20th century. This shift allowed governments and central banks to print money freely, unbound by the tangible value of precious metals. Over time, this led to rampant inflation, economic bubbles, and numerous financial crises. The 2008 financial crisis, fueled by reckless lending practices and inadequate oversight, exposed the vulnerabilities of the fiat system. Governments responded by printing even more money, further eroding the value of currencies and deepening the crisis of confidence.
In the wake of the 2008 crisis, digital currencies like Bitcoin emerged, offering a decentralized alternative free from the grip of central banks and government control. However, these digital currencies were not without their own issues-high volatility, lack of intrinsic value, and associations with i*****l activities limited their ability to truly replace the flawed systems they sought to disrupt.
Enter the USN US Note, a new currency that promises to bridge the gap between the stability of traditional assets and the innovation of digital finance. As the sun rises over the horizon, casting its golden hue across the land, the USN US Note emerges like a phoenix from the ashes of a broken financial system. This currency is more than just a means of exchange; it is a symbol of financial redemption, a return to an era where money was backed by real value-gold. The USN US Note, backed by the Quantum Financial System (QFS) and the undeniable value of gold, stands as a beacon of hope against the backdrop of economic despair and deceit that has plagued us for generations.
For far too long, our financial systems have been mired in manipulation, deceit, and instability. The fiat currency system, with its lack of intrinsic value, has led us down a path of endless debt and economic uncertainty. Central banks, with unchecked power, have manipulated markets, eroded savings, and fostered financial inequality. But now, with the advent of the USN US Note, there is a bold departure from this flawed past.
At the core of the USN US Note’s promise is the Quantum Financial System (QFS), a revolutionary financial network that utilizes quantum computing technology to ensure the highest levels of security, transparency, and efficiency. Unlike traditional financial systems, which are susceptible to hacking, fraud, and manipulation, the QFS is virtually impenetrable. It guarantees that every transaction is secure, transparent, and immutable, restoring trust in our financial systems.
The cornerstone of the USN US Note is its gold backing. Each note is backed by a specific amount of gold, ensuring that it retains intrinsic value. This gold-backed stability provides a safeguard against inflation, making the USN US Note a reliable store of value. It embodies a time-honored principle: money should be grounded in real, tangible assets. By merging the stability of a gold-backed currency with the efficiency and transparency of digital systems, the USN US Note addresses the shortcomings of both fiat and digital currencies.
This new currency represents not just a financial instrument but a revolution in how we perceive and interact with money. The USN US Note, underpinned by the QFS, is set to redefine the future of finance, offering stability, transparency, and true economic redemption. A new era in finance has dawned, bringing with it the promise of a stable and prosperous future.
Read full post here: https://dinarchronicles.com/2024/09/18/restored-republic-via-a-gcr-update-as-of-september-18-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: "AFTER THE DECLINE IN OIL, A GOVERNMENT ADVISOR: WE HAVE THE CAPABILITIES TO CONFRONT THE PROBLEMS OF THE GLOBAL ECONOMY" I consider this one of those WOW! articles. Quote: “the highest reserves in the country’s monetary and financial history” also “the growth indicators in the non-oil GDP have touched 6%” WOW!
Lnu I do not buy this "Education Program" nor do I buy the "Adjusting of the Parallel Market". The education is taking too long to be effective and it isn't government's job to adjust black markets. These are stall tactics while they placate the masses. But why?..
EMERGENCY: Record Breaking $1 TRILLION Spent to Pay Interest on National Debt as Deficit Soars
Lena Petrova: 9-18-2024
Fed Rate Cut: Can They Engineer a Soft Landing?
Danielle DiMartino Booth: 9-18-2024
Danielle DiMartino Booth, former Federal Reserve insider and economic expert, dives into the controversial Fed rate cut 2024 decision and the growing signs of a looming recession. She explores the debate around whether the Fed should cut rates by 25 or 50 basis points and discusses the key recession indicators already flashing red.
Tuesday Evening Chat with MarkZ 9-17-2024
Tuesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Patriot visionaries and currency faithful!!!
Member: Time is man's most precious asset. All men neglect it; all regret the loss of it; nothing can be done without it.
Member: So is it “time” for the RV?????
Tuesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening Patriot visionaries and currency faithful!!!
Member: Time is man's most precious asset. All men neglect it; all regret the loss of it; nothing can be done without it.
Member: So is it “time” for the RV?????
Member: So do we have to wait for Iraq to go so tier 4b can go?
MZ: They should go at the same time.
Member: (From Dinar Guru) Mnt Goat Article: "AFTER THE DECLINE IN OIL, A GOVERNMENT ADVISOR: WE HAVE THE CAPABILITIES TO CONFRONT THE PROBLEMS OF THE GLOBAL ECONOMY" I consider this one of those WOW! articles. Quote: “the highest reserves in the country’s monetary and financial history” also “the growth indicators in the non-oil GDP have touched 6%” WOW!
MZ: We have a good article on that one. The link is posted in the daily links.
MZ: “Parliamentary Finance: There is no financial hardship and the salaries of employees are the lowest percentage in the budget” They are telling us that even if oil falls to $60 a barrel –they could still cover everything….but, they are working hard to increase non-oil revenues so they can weather any storm.
MZ: If they are covering all the government salaries….they must know exactly what the rate is going to be …..This article could be giving us hints.
MZ: From the bond side to the private exchange side it’s all over the place. They say “It’s today…..It’s 2 weeks……It’s tomorrow. It’s all over the place and probably not worth chasing rumors when we are this close to (hopefully) getting bond movement tomorrow afternoon. I believe most if the misinformation is coming from the US Treasury.
MZ: But I am feeling good about it. . I hope tomorrow we see a few bond people finally with cash money.
Member: Mike Bara and Jentel say it could go tonight or tomorrow.
MZ: Based on chatter it could …but, stay calm
Member: I've always looked at it like this: Opportunity is like a bus coming down the road. You can see it and when it gets to your stop, jump on!
Member: Mark if rates go on forex that means “public” can go as well. So very possible this “pops” without seeing rates on forex?
Member: is it double dipping to exchange a little bit now if the dinar rate is good??
Member: If rates are good….i would exchange it all…….no sense drawing it out……
Member: Went to Chase Bank in California. I asked teller if QFS Is running. He said it is. I asked if they exchange currency there and he said yes. He told me to bring in all currency
Mark, you always say you’re an optimist and look at the glass half full. If you were looking at the glass half empty, what are the remaining steps that could still be delaying the RI in your opinion?
Member: Thanks to all……we are definitely close……keep the faith…..never give up
Member: See everyone in the morning.
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
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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!
More News, Rumors and Opinions Tuesday PM 9-17-2024
KTFA:
Reikifreind: Hi Frank, thank you and your team for the many years of education and entertainment
I just called Walmart in Alberta Canada based on a rumor of USD no longer being accepted by September 23rd. I can confirm this is true.
Walmart Canada will no longer accept USD as of September 23, 2024. The reason she gave was it was an order from the head office.
I asked if it was a currency change or security features, but she didn't know the reason. So this is in fact true.
KTFA:
Reikifreind: Hi Frank, thank you and your team for the many years of education and entertainment
I just called Walmart in Alberta Canada based on a rumor of USD no longer being accepted by September 23rd. I can confirm this is true.
Walmart Canada will no longer accept USD as of September 23, 2024. The reason she gave was it was an order from the head office.
I asked if it was a currency change or security features, but she didn't know the reason. So this is in fact true.
Clare: "Our Country's Dream"... Al-Sudani Sends an "Important" Message to Gulf States Regarding the Path to Development
9/17/2024 Baghdad
Prime Minister Mohammed Shia al-Sudani stressed that the drop in oil prices to less than $72 confirms the need to diversify the Iraqi economy, while he addressed a message to the Gulf countries regarding the path to development.
Al-Sudani said during a televised interview followed by "Al-Eqtisad News", "The federal administration's budget allows it to pay $8 for every barrel of oil produced, while contracts signed with the Kurdistan Regional Government give companies $26. This stagnation has affected production from the region and led to a delay in the resumption of the pipeline."
Baghdad has been unable to agree on how much to pay international oil companies operating in the north of the country for their production.
"We have to look at how we balance these issues. Do we look at the budget to see what we can do or do we try to look at prices?" he added.
“Closing the pipeline, which can carry nearly half a million barrels per day of oil from Kurdistan to the Turkish coast, would cost billions of dollars in lost revenue. However, restarting it would pose a dilemma for Iraq, which has failed to comply with OPEC+ production limits amid dire financial needs but has repeatedly said it will compensate for overproduction,” he said.
Al-Sudani said, "We are committed to abiding by OPEC decisions and maintaining the oil price in a way that achieves a balance between the interests of users and producers."
Pipeline problems
Turkey halted the pipeline in March last year after an arbitration court ordered it to pay Iraq $1.5 billion in compensation for transporting oil through it without Baghdad’s consent. Ankara, which claimed the pipeline was shut for repairs after two massive earthquakes in February, said in October it was ready for operations and that it was up to Iraq to resume flows.
But financial and legal issues have emerged, such as compensating companies for costs. International companies have said they also want to settle their overdue receivables — including $1 billion for oil produced between September 2022 and March 2023.
With exports halted, companies have begun producing some crude and selling it domestically. Iraqi officials have previously said this production has caused problems with compliance with quotas set by the Organization of the Petroleum Exporting Countries.
Iraq’s production cap is set at 4 million barrels a day, but it produced 4.32 million barrels a day last month, according to data compiled by Bloomberg. The country, along with some other OPEC+ members, will gradually lift those limits starting in December.
Al-Sudani is keen to “increase production in the long term after years of war and internal conflict that have affected Iraq’s oil industry. In August, BP signed a preliminary agreement to help boost production from the Kirkuk region. Iraq is also rehabilitating and modernizing damaged refineries to help reduce fuel imports.”
The Prime Minister continued, "Because of the wars and the blockade over the past four decades, Iraq has been late in exploiting the wealth we have of gas and oil properly. Now we are looking at how to exploit the new wealth we have and how to use it effectively."
Diversify the economy
But he said, "The drop in oil prices in London to around $72 a barrel - near their lowest levels since 2021 - underscores the need to diversify the economy."
Iraq is OPEC's largest oil producer after Saudi Arabia and derives the bulk of its revenues from exporting the commodity, and needs much higher prices to balance its budget.
The IMF has long said the country needs to develop its private sector, and that economic progress is being hampered by a huge public sector wage bill, with successive governments not doing enough to curb high wage increases.
Al-Sudani pointed out that "his administration is looking to invest about 40% of Iraq's oil revenues to boost the non-oil sector," adding that "the planned trade corridor extending from Basra Governorate in southern Iraq to Turkey and then to Europe was a 'dream' for his country, and he is looking to the Gulf states to help finance the project, which is supposed to cost $17 billion." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat “ECONOMIC RENAISSANCE AND UNPRECEDENTED PROGRESS.. IRAQ MAXIMIZES ITS NON-OIL REVENUES AND REDUCES ITS DEBTS”. They are telling us the national debt is only 9% of their reserves now at $108 billion and GDP growth is very good... words like “unprecedented” and “maximizes”...tells me our choo choo train is moving down the tracks at an accelerated pace now.
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Alaq is on TV and he's singing like a bird with information. He's talking to us an awful lot every day about what they're going to do with this reform. He gives speech about how much money is in the digital system already. It's growing. He said at the end of this year we will implement the initial plan to complete the reforms for the banking system... FRANK: The digital information is one of the main key parts of the monetary reform. It will allow your money to float freely not only inside of your country but outside...You are going to be internationally recognized. This is extremely exciting.
INDISPUTABLE PROOF! A "Ballistic" Inflationary NIGHTMARE Situation. Critical Updates.
Greg Mannarino: 9-17-2024
Morgan Stanley Just Sounded The Alarm, Huge Warning to Investors!
Atlantis Report: 9-16-2024
Morgan Stanley has issued a serious warning that is causing significant ripples in the markets. The bank has urged investors to prepare themselves for a period of extreme uncertainty.
Morgan Stanley's warning is based on the upcoming buyback blackout period, which has already resulted in a 93% decrease in buyback activity, and the low positioning of machines that have left traders and algorithms confused and unsure about the direction to take.
These signs clearly indicate that the financial markets are on the verge of a significant shift. Morgan Stanley Has Just Sounded The Alarm.
“Coffee With MarkZ” Tuesday Morning Chat 9-17-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Constitution Day
Member: Good morning Mark, mods and everyone.
Member: After TNT yesterday I thought we would be retired this AM
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy Constitution Day
Member: Good morning Mark, mods and everyone.
Member: After TNT yesterday I thought we would be retired this AM
Member: TNT said the rates were on bank screens
MZ: I have heard similar…But I also heard they are changing and fluctuating. I am hoping this means they are priming the system again.
MZ: My banking contacts say they are seeing many different rates….rates are rolling all over the place…….Hopefully they are checking the system and priming the system…..
Member: Mark- On the Jentel she said rates are on screens not available to the public
Member: TNT said Bolivar was .027
MZ: Tomorrow I have a couple bond contacts expecting their final contracts and spendable money….Keeping fingers crossed. Hopefully I will learn ore by this evening. I do not think bonds will be finished by the 18th but hoping they are moving in a measurable, public way. I have evidence some are moving privately…but need much more movement
Member: And per mark Monday……Bonds may not have to sign NDA’s after Tomorrow the 18th…..
Member: Is Zim still supposed to be in the first basket?
MZ: That is what I believe and what I hear from my best contacts…
Member: (From Dinar Guru) Mnt Goat “ECONOMIC RENAISSANCE AND UNPRECEDENTED PROGRESS.. IRAQ MAXIMIZES ITS NON-OIL REVENUES AND REDUCES ITS DEBTS”. They are telling us the national debt is only 9% of their reserves now at $108 billion and GDP growth is very good... words like “unprecedented” and “maximizes”...tells me our choo choo train is moving down the tracks at an accelerated pace now.
MZ: It is screaming down the tracks…..We just need it to happen …like yesterday.
Member: According to Militiaman the HCL is finished.
Member: Who gives Iraq permission to go???
MZ: At this point I believe it’s a compilation of the IMF, World Bank and the UN …but it is very confusing. The president of Iraq says its up to the CBI now….But , if it’s up to the CBI I am thinking they would already have released it.
Member: And all this time I thought it was the dragon families supplying the gold for the reset that gave permission to go???
Member: Mark- Do you believe the new lower denoinations have already been printed in Iraq?
MZ: Yes I do…We have seen the contracts years ago and the paid receipts from the government of Iraq with DeLaRue to print them…... Many contacts in Iraq have seen the cut sheets (samples of LD’s) in banks.
Member: Gold is so close to $2600.
Member: BREAKING - Dozens of suspected Hezbollah militants injured after their radio devices simultaneously exploded in Beirut, Lebanon, local media reports
Member: Seems like we always have such good news and the fundamentals are good, but it never gets to the finish line. I don’t get it. Very hard not to get discouraged at times.
Member: It dawned on me that tomorrow the 18th is also Wednesday. Could we see the HCL and rate in the Gazette possibly? That would certainly start the RV rate. It's also the full moon.
Member: The lunar eclipse tonight is supposed to be introducing massive biblical changes. Lets pray for good things to come in the days ahead.
Member: October 3rd is IRAQ Independence Day
Member: October 1st is the new US Fiscal year starting
Member: Wishing all a fantastic day!!!
Zester joins the stream to talk about the new proposed Liberty Financial crypto system announced last night. Please listen to the replay for his information and opinions
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
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
News, Rumors and Opinions Tuesday 9-17-2024
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.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 17 Sept. 2024
Compiled Tues. 17 Sept. 2024 12:01 am EST by Judy Byington
Mon. 16 2024 Quantum Financial System Goes Live: Over 130 Countries Confirmed in the Military-Secured, Gold-Backed QFS as the Global Currency Reset (GCR) Unfolds! …Ben Fulford on Telegram
The QFS isn’t just secure; it’s untouchable. With military-controlled satellites and quantum encryption, this system is light years ahead of anything the elites have in their arsenal. It’s operating far above Earth, out of reach from any possible threat, ensuring total invulnerability.
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 Tues. 17 Sept. 2024
Compiled Tues. 17 Sept. 2024 12:01 am EST by Judy Byington
Mon. 16 2024 Quantum Financial System Goes Live: Over 130 Countries Confirmed in the Military-Secured, Gold-Backed QFS as the Global Currency Reset (GCR) Unfolds! …Ben Fulford on Telegram
The QFS isn’t just secure; it’s untouchable. With military-controlled satellites and quantum encryption, this system is light years ahead of anything the elites have in their arsenal. It’s operating far above Earth, out of reach from any possible threat, ensuring total invulnerability.
Every transaction, every asset is tracked, verified, and secured by quantum encryption. No hacker, no agent, no elite can break through. The QFS operates on its own terms, and those terms are non-negotiable.
Over 130 countries are now aligned with the QFS. Their currencies, gold-backed, are replacing worthless fiat paper, and the elites are powerless to stop it. Quantum satellites are in place, military units are deployed, and the asset-ledger is operational. The QFS is invincible, and every day, more assets are seized from the deepstate and locked into the QFS.
As of September 15th 2024, the QFS is fully operational, and its reach expands daily. The old guard is finished, and they know it. The reset is here, and it’s happening right now.
This is a total financial takeover. The Quantum Financial System is not just a system—it’s the new reality. The days of covertt banking, hidden wealth, and fiat fraud are over. The QFS is rewriting the rules. Those who don’t see what’s coming are about to be left in the dust.
This isn’t just the dawn of a new financial system—it’s the dawn of a new world.
~~~~~~~~~~~
Global Currency Reset:
On Mon. 16 Sept. at 8pm EST President Trump announced the launch of World Liberty Finance. It was believed this was the precursor to the announcement of the Global Currency Reset, where The People would have their own individual and secure bank account of which no banker, or anyone else, had control. Mon. 16 Sept. 2024: Trump Announces World Liberty Financial Crypto Exchange: https://www.cbsnews.com/news/trump-world-liberty-financial-crypto-exchange-what-to-know/
Mon. 16 Sept. 2024 TNT Tony: New rates seen on Bank Screens – Not the higher Redemption Center Rates: Dinar $3.41, Dong $.47, Rupiah $1.08, Zim $30 million per $100 trillion note, Bolivar $.30 per billion.
Mon. 16 Sept. 2024 Wolverine: “I was told this morning that the new rates presently put on the Bank Screen are not actual new bank rates. They are used for investments. The Bond Holders that I speak to are very happy that everything is completed. Some Bond Holders have been notified and gone to Reno, Columbia, Miami. I’ve been told we would get some good news either today or tomorrow Tues. 16 Sept. If you are only using a Humanitarian Project to use a Med Bed then it’s not going to work for you. You have to be truly committed to a Humanitarian Project in order to get the funds.”
Mon. 16 Sept. 2024: Quantum Financial System Goes Live: Over 130 Countries Confirmed in the Military-Secured, Gold-Backed QFS as the Global Currency Reset (GCR) Unfolds! – Gazetteller
~~~~~~~~~~~
Global Financial Crisis:
Mon. 16 Sept. 2024: BOOOM! US Debt Clock: Hidden Wealth! Transitioning from a Debt-Based System to a Credit-Based System (video) – amg-news.com – American Media Group
Read Full Post here: https://dinarchronicles.com/2024/09/17/restored-republic-via-a-gcr-update-as-of-september-17-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man The development Road Project is opening up Iraq to the region and into the international world. The private sector is going to be the main driving force...They're going to have to expose an exchange rate at some point in time, sooner than later. I'm going to go with sooner.
Fnu Lnu When you drag out the "Education" as long as the GOI and CBI has been doing, nothing sticks. If it is not in practice, then it is just words from the mouths of bureaucrats. Iraq has had more than enough of that and they do not pay attention. They will become educated when it means something to them, like the cost of goods and services, and buying power, and velocity of money. This is all obfuscation and I don't believe a word of it. Logic tells me they are stalling the people. The $64,000.00 dollar question is why? What's the real plan?
Urgent News Iraq Russia ePayment System Indian Rupee
Edu Matrix: 9-17-2024
Urgent News Iraq Russia ePayment System Indian Rupee
Gold Rockets, Dollar Dying -- Emergency Rate Cut To 0%? | Rafi Farber
Liberty and Finance: 9-16-2024
Rafi Farber shares his insights on the recent surge in gold prices, attributing it to the declining value of the U.S. dollar.
Farber discusses the potential for dramatic fluctuations in stock and commodity prices, particularly in gold and silver, if the Fed were to cut rates to zero unexpectedly.
He also addresses the concept of a gold short squeeze, noting the record levels of short contracts and the implications for future market movements.
Farber further examines the current state of silver, highlighting the possibility of significant price increases if certain market conditions are met.
Finally, he provides an update on the reverse repo market, emphasizing its role in the broader financial system and its impact on bank reserves.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Gold rally
5:10 Gold short squeeze
13:18 Banking system
More News, Rumors and Opinions Monday PM 9-16-2024
KTFA:
Clare: Iraqi government moves to impose taxes on social media sites
9/16/2024
Financial expert Nabil Al-Marsoumi revealed on Monday that the Iraqi government is planning to impose taxes on social media sites in Iraq, among the people covered by these taxes.
Al-Marsoumi told Shafaq News Agency, "The Iraqi government is studying a proposal to impose taxes on content creators on social media sites in the country, not users of those sites. This process came in order to enhance non-oil revenues, especially in light of the decline in oil prices and the deterioration in oil revenues. These taxes will provide good financial revenues, and for this reason the percentage will be 15% of the profits of content creators, especially since some of their profits are estimated in the millions on a daily basis."
KTFA:
Clare: Iraqi government moves to impose taxes on social media sites
9/16/2024
Financial expert Nabil Al-Marsoumi revealed on Monday that the Iraqi government is planning to impose taxes on social media sites in Iraq, among the people covered by these taxes.
Al-Marsoumi told Shafaq News Agency, "The Iraqi government is studying a proposal to impose taxes on content creators on social media sites in the country, not users of those sites. This process came in order to enhance non-oil revenues, especially in light of the decline in oil prices and the deterioration in oil revenues. These taxes will provide good financial revenues, and for this reason the percentage will be 15% of the profits of content creators, especially since some of their profits are estimated in the millions on a daily basis."
He added, "This decision does not require a vote by the House of Representatives, as this is a decision within the authority of the Council of Ministers to expand the tax base, and does not require a law, but it is still under study, and may come into effect at the beginning of next year, as it requires months of work and study." LINK
Clare: Private Banks Association: The number of electronic payment points in Iraq increased from 7 thousand to 30 thousand
9/15/2024 Baghdad
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, confirmed on Sunday that "the number of electronic payment points in government institutions and shops has increased from 7,000 to 30,000."
Tariq said, in a statement reported by the "Rudaw" media network, and reviewed by "Al-Eqtisad News", that "the financial and banking sector, electronic payment companies and other financial institutions in Iraq need to have a greater impact on the lives of citizens in terms of financing or using electronic payment tools and developing them."
He added that "the Central Bank of Iraq is currently working on a major plan to reform the banking sector in general, whether governmental or private."
He noted that "the focus in the next phase will be on developing and improving these services to strengthen the Iraqi banking sector, protect depositors' money and develop the electronic payment system, which contributes significantly to reducing the risks of using cash, whether from damage or forgery, as well as protecting the financial system from money laundering and financing terrorism."
As for deposits, he confirmed that they are "continuously increasing, whether in government or private banks, and that lending and loans are also continuously increasing."
Regarding the use of electronic payment tools, he said that "in the last two years the percentage has been very high, in the last year alone about two million electronic payment cards were issued in Iraq, increasing the number to 20 issued cards."
Regarding the payment devices that we see in shops and government institutions, he pointed out that "they have increased from 7,000 payment points to more than 30,000, and the total transfer of funds via electronic payment last month between financial institutions reached nearly 2 trillion Iraqi dinars."
The Executive Director of the Iraqi Private Banks Association confirmed that reliance on the banking sector, especially in light of the transfer system to finance foreign trade, "was organized differently than before, and at the end of this year there will also be a shift in the external transfer process to rely more on correspondent banks than the platform in its current state."
Regarding the collection of government services, he said that "recently there has been a very large acceleration and doubling in the level of government collection."
He added that "before June 2023, there were about 50 government institutions with their departments that had at least one electronic payment window, but today the number has exceeded 600 payment windows, which makes it easier for citizens to pay faster."
In the context, he stressed that "many banks rely on digital services and applications throughout Iraq and the Kurdistan Region, which has witnessed significant development in terms of the use of digital services."
Regarding transferring money abroad, he explained that if "the issue is related to personal transfers, there are specific outlets or ceilings for these transfers."
In this regard, he said that "the transfer process will be more organized and monitored by correspondent banks in which Iraqi banks have accounts to ensure real transfers and monitoring that facilitates the process of transferring money for merchants outside Iraq." LINK
**************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television is telling us they are completing digitization at all of our ports. We know it means that the real value of the dinar will soon be given to us for our food...transportation...housing...the whole world. FRANK: You see every day there's more and more exciting news being given to the Iraqi citizens and they all piece it together...When you see prices of your food...market... housing...cars, start to change, it's because they will introduce a new exchange rate very soon to you...
Militia Man They're talking about Iraq as going global and to the international financial system. With that has responsibility and that responsibility will be defended by the central bank. That responsibility is to have a stable exchange rate and to provide commerce throughout the country in and out and across borders, with efficiency and transparency. That's what they're going to have and that's what they're doing. There's looking to be no stopping it. It's brilliant.
Market Crash or Massive Rally this Week? What a Fed Pivot will do to Tech Stocks
David Lin: 9-15-2024
In the world of finance, few events stir as much speculation and debate as the Federal Reserve’s monetary policy decisions. This week, as Wall Street braces itself for the possibility of a Fed pivot—an abrupt shift in monetary policy—investors and analysts are torn between two starkly different outcomes: a market crash or a massive rally. To delve deeper into this conundrum, we turn to insights from Bradley Tusk, Founder and CEO of venture capital powerhouse Tusk Ventures, known for backing successful tech companies like Ripple, Coinbase, and Lemonade.
The Federal Reserve has a dual mandate: to maximize employment and stabilize prices. In times of economic uncertainty, these objectives often come into conflict. With persistent inflation and slower-than-expected economic growth feeding concerns across markets, many are speculating that the Fed may pivot towards a more dovish stance, potentially cutting interest rates or slowing the pace of rate hikes.
So, what would such a pivot mean for tech stocks? Tusk paints a mixed picture. On one hand, lower interest rates generally create a favorable environment for growth stocks, especially in the tech sector, where future earnings are often heavily discounted in present valuations. On the other hand, there’s the reality of inflated expectations.
With the market at a crossroads, one thing is certain: the decisions made this week will likely echo in the investment community for years to come.
Thoughts From DJ: “Money Supply”
DJ: DID YOU KNOW?
Sept 15th Post 2024 (Money Supply)
When we absorb all the Intel in relation to the GCR-RV we have to consider some basic questions. At the top of the list is, where is the money coming from? There will either have to be a redistribution of wealth or an increase in the global Money Supply. ( Money supply refers to the total amount of monetary assets available in an economy at a specific time.
It includes various forms of currency, such as physical cash (coins and banknotes) and demand deposits (money in bank accounts that can be easily accessed). Money supply is categorized into different measures:, M0: Physical currency in circulation, M1: M0 plus demand deposits and other liquid assets and M2: M1 plus less liquid assets like savings accounts and time deposits )
DJ: DID YOU KNOW?
Sept 15th Post 2024 (Money Supply)
When we absorb all the Intel in relation to the GCR-RV we have to consider some basic questions. At the top of the list is, where is the money coming from? There will either have to be a redistribution of wealth or an increase in the global Money Supply. ( Money supply refers to the total amount of monetary assets available in an economy at a specific time.
It includes various forms of currency, such as physical cash (coins and banknotes) and demand deposits (money in bank accounts that can be easily accessed). Money supply is categorized into different measures:, M0: Physical currency in circulation, M1: M0 plus demand deposits and other liquid assets and M2: M1 plus less liquid assets like savings accounts and time deposits )
As of 2024, the estimated global money supply is around $120 trillion. This figure includes various forms of currency such as cash, demand deposits, savings accounts, and other easily accessible assets. The M2 money supply being a broader measure, also takes into account less liquid assets like time deposits. Beyond traditional money, global financial markets—including investments, real estate, and other assets—total in the hundreds of trillions, with some estimates of total global wealth exceeding $1,540 trillion
The amount of money supply needed to run the global economy is not a fixed figure, but it needs to balance facilitating trade, investment, and economic growth without causing inflation. In practical terms, this depends on factors like productivity, the velocity of money (how quickly money circulates), and the state of the economy. Central banks regulate money supply to stabilize economic growth and control inflation, adjusting it as economies expand or contract. The current global money supply of around $120 trillion reflects these adjustments to keep the economy functioning smoothly.
If all currencies were hedged against hard assets (such as gold or other commodities), it would reduce the flexibility of central banks to adjust the money supply based on economic conditions. In such a system, the money supply would be limited by the availability of the asset, which could constrain economic growth, especially during times of increased demand. This would also lead to more stability in currency value but could make the global economy less responsive to economic crises or fluctuations in trade.
Historically, the gold standard imposed such limitations, which is one reason why modern economies moved to fiat currency systems. So even if we see a move to asset backed currencies there will have to be some form of a fiat component.
So back to the original question, where is the money coming from? You cannot just add currency to the money supply. And judging by the astronomical amounts being suggested, common sense says you would create global inflation overnight. Redistributing current global wealth would mean somebody is going to have to give up something.
People out there saying the GCR has started, answer that question before passing on information that cannot be substantiated. Instead of looking for funds to show up in your account pay more attention to the mechanisms required to move the money first. When those are in place then start believing.
We should quit watching how the plane takes off and worry more on how it’s going to land.
DJ
The Global Currency Reset: What is the future of a Global Currency
The Global Currency Reset: What is the future of a Global Currency
David Bonellie Last updated: February 21, 2024
The Global Currency Reset: What is the future of a Global Currency
The Global Currency Reset (GCR) typically refers to a hypothetical event in which the world’s currencies are supposedly “reset”. The GCR looks at new values based on the revaluation of specific currencies and the devaluation of others. Proponents of the GCR theory argue that this reset is necessary to address the current flaws in the global financial system. A GCR can level the playing field for developing nations.
The Global Currency Reset: What is the future of a Global Currency
David Bonellie Last updated: February 21, 2024
The Global Currency Reset: What is the future of a Global Currency
The Global Currency Reset (GCR) typically refers to a hypothetical event in which the world’s currencies are supposedly “reset”. The GCR looks at new values based on the revaluation of specific currencies and the devaluation of others. Proponents of the GCR theory argue that this reset is necessary to address the current flaws in the global financial system. A GCR can level the playing field for developing nations.
There are several impacts that global currency changes can have on individuals and their businesses, global mobility, and investing.
Brief History of Fiat Currency (Modern Money)
Fiat currency is not backed by a physical commodity such as gold or silver but is based on confidence and trust in the issuing government or central bank.
Bretton Woods Gold Standard
The Bretton Woods Agreement of 1944 established the US dollar as the world’s reserve currency and pegged it to the value of gold, providing a fixed exchange rate system. After World War II, governments sought to manage their economies and stabilize their currencies.
The agreement required countries to guarantee the convertibility of their currencies into US dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks.
Move to the PetroDollar
This type of fiat policy lasted until 1971, when the US government ended the gold standard. The move away from the gold standard was another “global currency reset” at the time and has existed for the last fifty years.
Shortly after 1971, the term “petrodollar” refers to the system that emerged whereby oil-exporting countries agreed to price their oil exports in US dollars. The petrodollar allowed the US to maintain its dominance in the global financial system and helped to support the value of the US dollar.
Several currencies are pegged to the US dollar, a common strategy in the Caribbean and several of the citizenship by investment countries. The East Caribbean Dollar is the primary currency across all five CBI countries, and investors can settle their financial investment requirements in US dollars to obtain citizenship.
Turkey’s citizenship by investment programs pricing is in US dollars. Although in this instance, investors need to convert their US dollar into Turkish Lira.
The Global Currency Reset
Potential Benefits and Challenges of a Global Currency Reset
Proponents of a global currency reset (GCR) argue that there could be several benefits to a global currency reset. Some hope that a GCR will help to reduce the disparity in wealth and income between countries and promote greater financial fairness by reducing the dominance of a single country’s Currency in the global financial system.
A currency reset moves away from a monetary system focused on short-term profits and speculation. Additionally, a GCR could promote a more efficient allocation of resources and investment in long-term development.
In this regard, the global currency reset reduces geopolitical tensions by reducing the dominance of a single country’s Currency in international trade and finance and could promote greater cooperation and stability in global economic relations.
Proposed Models for a Global Currency Reset
As there is no official movement or proposals on a currency reset, it is challenging to nail down one model that can be adopted. That being said, here are four potential options for a global currency reset.
A Global Reserve Currency
Under this model, a single global reserve currency would replace the current system, in which the US dollar is the dominant reserve currency. This global Currency could be backed by a basket of commodities or other currencies and managed by an international body such as the International Monetary Fund (IMF).
Regional Currencies
Another model for a GCR would involve the creation of regional currencies within specific geographic areas. For example, the Euro is a regional currency used within the European Union. Under this model, several regional currencies could replace the US dollar as the dominant global Currency.
Blockchain-Based Currencies
Some proponents of a GCR have suggested that a blockchain-based cryptocurrency is ideal for replacing the current system. This Currency would be based on decentralized ledger technology and managed by a distributed network of computers rather than a central authority. It is possible that Bitcoin or Ethereum be the global settlement cryptocurrency in the future.
There are a few citizenship by investment nations that are forward looking with regards to a GCR. Antigua and Barbuda’s Digital Assets Business Bill and Saint Kitts and Nevis Virtual Assets Bill are two pieces of legislation that allow registration of businesses interacting with cryptocurrencies. One step closer to allowing investors to pay for citizenship directly with crypto in the future.
Central Bank Digital Currency (CBDC)
Similar to a blockchain-based currency, A CBDC is a digital version of a country’s fiat currency issued and backed by the central bank of that country. It operates on a centralized ledger and is subject to the central bank’s monetary policy. The purpose of a CBDC is to provide a secure and efficient means of payment while also providing greater transparency and control over the monetary system.
Central Digital Bank Currencies (CBDC) or Cryptocurrency in the Global Currency Reset
One of the biggest global currency resets will be a central bank digital currency or cryptocurrency. Governments favor a CBDC because of their ability to control and have absolute visibility. Cryptocurrency and peer-to-peer transactions do not offer the government such control.
Is a Central Digital Bank Currency (CBDC) a Cryptocurrency without Privacy?
Governments are investigating the use of CBDC for a variety of reasons. One of the primary motivations is to increase financial inclusion. CBDCs could provide access to financial services for people who do not have access to traditional banking systems.
By providing a digital payment system that does not require a bank account, CBDCs could help to reduce the number of unbanked individuals. Another potential benefit of CBDCs is improving payment system efficiency and leading to faster and more cost-effective transactions.
CBDCs could also provide central banks with additional tools for implementing monetary policy. For example, a CBDC could have negative interest rates, stimulating economic growth during periods of economic downturn. Governments using a CBDC can offer greater protection to consumers against f***d and theft. All transactions are available on a secure, tamper-proof ledger.
A CBDC will require its users to complete a KYC before being able to transact. There is the potential for privacy and encryption technology, but governments will unlikely align this way.
Global Cooperation of a CBDC as the Currency Reset
If Nigeria’s CBDC is anything to go by, there will be severe pushback from a large portion of the population. The opposing viewpoint from Nigerian citizens is the manner of design of the Currency, the lack of trust in the government and central bank, and the perceived benefits and drawbacks of the system.
A CBDC raises privacy concerns using a centralized ledger to record all transactions. The CBDC would give the government or central bank issuing the CBDC a high degree of visibility into individuals’ financial activities. Although a global currency reset and CBDCs can include zero-knowledge privacy, there will be doubt among potential users.
Alternatively, countries like El Salvador adopted Bitcoin as a legal tender and the use of StableCoins as transaction currencies. A stablecoin is pegged to the US dollar but is a cryptocurrency, allowing users to transact anonymously. Previously bankless citizens now being able to engage in financial transactions with relative ease.
Implications for Investors and Businesses
If privacy is not a concern for businesses and investors, a global currency reset can offer several benefits for business transactions.
Faster and more efficient payments;
Lower transaction costs;
Improved security and f***d protection; and
Increased access to financial services.
Impact on Citizenship by Investment and Golden Visa Programs
One advantage of using a CBDC for citizenship by investment is a easier and faster option for investors to transfer funds. CBDC investors can move their investment funds more quickly and securely than with traditional payment methods.
Additionally, because the details of all transactions are on a secure, tamper-proof ledger, it may be easier for governments to track and verify investment transactions. Seeing each transaction could help to prevent f***d and ensure compliance with citizenship by investment program requirements.
Source: Global Residence Index
“Coffee With MarkZ” Monday Morning Chat 9-16-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: GM Everyone. Hope the weekend was a good break for you!
Member: Praying for some positive news this morning, boy do we need it.
Member: Good morning all!! Hopefully this is our week!!!!
MZ: It’s very possible this is our week…Lets see if all the hype is right
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: GM Everyone. Hope the weekend was a good break for you!
Member: Praying for some positive news this morning, boy do we need it.
Member: Good morning all!! Hopefully this is our week!!!!
MZ: It’s very possible this is our week…Lets see if all the hype is right
MZ: “ A parliamentary delegation to visit the Kurdistan region next week on the salaries of employees” This article came out before the weekend….so it’s this week…..This is one of the hiccups that is keeping HCL from passing. So they are in the Kurdish region supposedly working on this….what is supposedly one of the last hiccups with passing publically the HCL….Maybe?.....Finally? If we get the HCL we should get a new value on the dinar.
MZ: “Baghdad to host tomorrow the conference “Electronic push towards stability in Iraq” This is also a big story as we see more and more banks are open…..They will be using XRP to move large sums in and out with seamless transactions on their new platform. They are right now more technically advanced than any other middle eastern country. They have laid the groundwork for exchanging and the movement of dollars/dinars.
Member: F26 source “Eddie” reported on Saturday that the salaries in Kurdistan have started paying equal pay for the Kurds starting yesterday (Sunday) Iraq was celebrating the prophet Mohammed’s birthday on Sunday , so the rate change announcement was delayed.
MZ: The chatter from Iraq has been exceptional.
Member: Chatter chatter everywhere but not coin to clink!
Member: So no lower denominations on the streets yet?
MZ: There are no lower denominations on the streets yet. Seems to be rumors so far….but, they have been preparing and training all the bank staff on the new lower denominations. If they did not have any plans on putting the into circulation soon….they would not be giving them cut sheets…or pictures on the security features….They would not be training them yet.
Member: At least the RV will be before the end of the year-according to Sudani.
MZ: Right now it is still pretty quiet on the bond front…and private banking front. We heard a lot of rumors over the weekend on more bond movement including the 1924 German bonds. There is still a tremendous amount of anticipation for mid-week this week.
Member: Mike Bara keeps posting about bond holders and getting their money
Member: Jon Dowling did a short video on xrp winning their case and quickly would rise in price in quick succession and this will kick Iraq into gear to revalue.
Member: Mark, over the weekend some reports were made that Canada Walmarts would no longer be accepting u.S. dollars by Sept 23. It said because of new security on the dollars. Could this be true?
MZ: It would not surprise me because we are supposed to be getting new bills. But this is very interesting news.
Member: I just got off the phone with Walmart Brooks Alberta Canada. Absolutely true…no USD
Member: Saudi Arabia is buying oil with the Chinese yuan.
MZ: “Saudi’s have joined Asian countries in ditching their long term sensitivity to the gold price” Evidence suggests the Saudis have covertly bought 160 tons of gold from Switzerland since 2022. Pay attention to this one . Jaimie Dimon last week was warning us on bank runs and collapses….Goldman Sacs are telling their wealthy clients to get out of the markets and buy metals….is anybody paying attention?
MZ: And yes…Saudi Arabia is pushing more of its petro sales in yuan…and doing away with petro purchases in the US dollar.
MZ: Like Andy said…slowly, slowly…suddenly…..and the suddenly part is hitting.
MZ: And China is leaving the world bank….which means they have to have something else lined up because of their global ambitions.
Member: Mark…about a month ago you talked about how your contacts said your Dinar estimate was “way too low.” You were at like $3.70…so are we talking about $5? $7? $10?
MZ: All they are telling me is my estimates are way too low.
Member: (From Dinar Guru) Mnt Goat ...They don’t need any economic revival to put a fair market rate for the dinar back on FOREX. It is all a lie....They are “artificially” suppressing the rate of the dinar. When will this abuse of the dinar end? I believe this end is near...
MZ: That is dead, spot on accurate. They are suppressing the price of the dinar
MZ: When I finish this podcast I will be traveling back home today….. Zester will be handling this evenings podcast …Tonight they are launching the new Liberty Financial system….Zester thinks its important to be here…
Member: I wonder how does all of this World Liberty Financial stuff tie in to our RV related stuff...
Member: Do you think the end of the US Fiscal year plays into the timing of resetting to an asset backed economy
Member: Wooooot. Another week down, and we begin another. Not everyone is blessed to be given a chance to have the time to perfect plans for life post RV.
Member: Safe travels today Mark….and thanks for all you do…..
Member: Thank you MarkZ! See you tomorrow. Safe travels!!!
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
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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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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
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