Tuesday Evening Chat With MarkZ 2-20-2024
Tuesday 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 to all. Today Feb 20th was supposed to be a big day…what happened?
MZ: We were hearing lots of things about it. And I know we are close.
Member: Hearing bond people may receive payouts tomorrow and Isaac was expecting 1% today but has not confirmed it yet.
MZ: There was a lot of chatter from bond folks but whenever I think they might get paid – they stop talking. Which could mean what we hope it does that they got paid and stopped talking due to an NDA.
Tuesday 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 to all. Today Feb 20th was supposed to be a big day…what happened?
MZ: We were hearing lots of things about it. And I know we are close.
Member: Hearing bond people may receive payouts tomorrow and Isaac was expecting 1% today but has not confirmed it yet.
MZ: There was a lot of chatter from bond folks but whenever I think they might get paid – they stop talking. Which could mean what we hope it does that they got paid and stopped talking due to an NDA.
Member: Two things we know....1) some are being paid...2) those funds can/are being clawed back if you violate NDAs
MZ: From Iraq: “ How will foreign trade be financed after the online platform is canceled? The Iraqi Central Bank answers” Lots of positive news coming out of Iraq
MZ: “Oil Minster-We plan to export gas to Europe” They are looking to become a major player with natural gas. This is huge and something they never had under Saadam Hussein. They have been importing and now looking to be an exporter. This is an enormous untapped market for them.
MZ: “Iraq confirms World Banks intention to promote fiscal policy reforms.” And here is the humdinger of the day. “ Al Sudani sets the date for the opening of the port of Al Faw and decides the future of the presence of the coalition forces in Iraq” The future is they will be gone.
MZ: This is not just the US they want to leave- but the entire coalition. He said it began in 2014 and ENDED TODAY! This is huge news. Decisions have been made and they no longer need them. They are moving towards independence. It is all good news today .
Member: I wonder if Iraq is going to join BRICS?
Member: I wonder How many oil rich countries have to join brics , before the petro dollar actually dies ???
Member: There is sure a lot of videos and articles being released about BRICS recently.
Member: In the future if not a member of Brics they won’t b able 2 trade with BRICS nations
Member: There is a rumor Texas has applied to join BRICS…..interesting if true.
MZ: I don’t think Texas has applied to join BRICS. They are not a nation….Maybe if the left the US?????
MZ: “Myanmar interested in BRICS bloc work on single currency” Many countries want that common currency. Folks are tired of corrupt central banks and if there is another currency option that is safe….(and they don’t have to worry about sanctions) would be a huge opportunity for many small countries.
Member: Ramadan in Iraq starts on March 10th and the revalue of Kuwait was March 25th during the middle of Ramadan
Member: I have heard ATMs are being filled with new rainbow currency but still remaining “out of service” ??
Member: I would love to see the USN’s…..Really hope they are real.
Member: Is the General 64 Private group still around?
MZ: Yes it is……We will hear from them when it is time ..It is still a real thing.
Member: Do you ever feel like the "movie" is like watching a bass fishing show where they just can't land the fish?
Member: Someday they will…someday soon.
Member: Thanks for the encouragement and everyone enjoy the rest of your evening.
“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & 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
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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!
Iraqi News Highlights and Points to Ponder Tuesday Evening 2-20-24
Iraqi News Highlights and Points to Ponder Tuesday Evening 2-20-24
Minister Of Oil: We Have Plans To Export Gas To Europe
Economy | 11:39 - 02/20/2024 Mawazine News – Baghdad Oil Minister Hayan Abdul Ghani said on Tuesday that Iraq has plans to export gas to Europe, in light of the plan drawn up to achieve self-sufficiency in gas within five years.
Abdel Ghani stated, during his participation in the session of the strategic conference held within the activities of the Egypt International Energy Conference and Exhibition, that “a global bid was launched to explore and develop natural gas reserves.”
The Iraqi minister pointed out, "The positive steps that have been taken to zero the process of burning Shula gas in Iraq, which helps the state in its efforts to reduce emissions, stressing that within 5 years Iraq will reach zero burning of this gas and full exploitation of it in generating electrical energy."
Iraqi News Highlights and Points to Ponder Tuesday Evening 2-20-24
Minister Of Oil: We Have Plans To Export Gas To Europe
Economy | 11:39 - 02/20/2024 Mawazine News – Baghdad Oil Minister Hayan Abdul Ghani said on Tuesday that Iraq has plans to export gas to Europe, in light of the plan drawn up to achieve self-sufficiency in gas within five years.
Abdel Ghani stated, during his participation in the session of the strategic conference held within the activities of the Egypt International Energy Conference and Exhibition, that “a global bid was launched to explore and develop natural gas reserves.”
The Iraqi minister pointed out, "The positive steps that have been taken to zero the process of burning Shula gas in Iraq, which helps the state in its efforts to reduce emissions, stressing that within 5 years Iraq will reach zero burning of this gas and full exploitation of it in generating electrical energy."
He pointed out, "Iraq was able to achieve the required percentages in accordance with international obligations in the Paris Agreement, and pointed to the success of the Basra Gas Project (NGL) in its two phases in stopping the burning of 400 million cubic feet of gas and thus achieving the required percentages in accordance with international obligations.
Abdul-Ghani pointed to the "integrated project that is underway Implementing it with the international company Total to increase natural gas production, as well as stopping the burning of associated gas in 5 oil fields and benefiting from it in addition to producing renewable energy.”
https://www.mawazin.net/Details.aspx?jimare=242432
A Tripartite Plan To Revive The Largest Industrial Complexes In Iraq
Today 13:03 Information / Baghdad Member of the Parliamentary Services Committee, Baqir Al-Saadi, confirmed on Tuesday the adoption of a tripartite plan to revive Iraq's largest industrial complexes in 9 governorates.
Al-Saadi told Al-Maalouma, “The government has a tripartite plan that includes several points, the most prominent of which is reviving the largest industrial complexes in 9 governorates through investments or modernizing production lines and creating a partnership in the supply of important materials and equipment.”
He added, "The revival of the industry will provide thousands of job opportunities within a short period, pointing to the ability of the Iraqi markets to absorb the products, and this is what creates a positive situation and the continuation of the project to revive important industries during the next 3 years."
The security unrest and complications in the political scene, accompanied by corruption, caused severe blows to the Iraqi industry after 2003. LINK
Iraq Stock Exchange: Tomorrow The Deposit Of Government Emaar Bonds Will Begin
Iraq Stock Exchange Market Economy News – Baghdad The Iraq Stock Exchange announced the start of the process of creating the first “Emar” issuance bonds, starting on Tuesday, February 20, 2024.
Director of the Iraq Stock Exchange, Taha Abdul Salam, told Al-Iqtisad News, “This step comes after the completion of technical procedures in the market, and based on the decision of the Securities Commission and the decision of the Board of Governors to list, deposit, and trade Emaar’s first issuance bonds for all their categories.”
He added that trading on the bonds will be launched as of March 19, 2024, noting that the bonds are divided into a category of 500 thousand dinars for a period of two years maturing on 10/9/2025 with an annual interest (6%) paid every six months, and the second category is one million dinars for a period of four years. It matures on 10/9/2027 with annual interest (8%) paid every six months.
He stressed that the instructions for listing, depositing and trading government bonds are that trading in the market takes place according to the category of the bond on the bond platform and that the rate of change in the rise and fall of the bond price is 5% based on the price calculated for the bond on that day during the issuance period.
He pointed out that the minimum commission for the brokerage company is 1,000 dinars, and the commission rate is 0.003 of the value of the bond when trading, and the market commission is 0.3%.
259 views 02/19/2024 - https://economy-news.net/content.php?id=40658
Noticeable Progress In Two Years.. Iraq Is Moving From The Stage Of Recovery To Development (details)
Politics |Baghdad today – Baghdad Today, Tuesday (February 20, 2024), the Parliamentary Committee on Economy and Industry commented on Iraq’s transition from the recovery stage to the development stage during the current and future period.
Committee member Ruqaya al-Nouri told “Baghdad Today” that “Iraq over the past years has been going through a recovery phase due to the difficult security conditions it experienced, especially during the period of occupation of the terrorist organization ISIS and after the liberation operations, and improving the country’s reality required efforts and time.” long".
Al-Nouri added, “Iraq has now passed the stage of recovery and entered the stage of development at various levels, especially with regard to the service, urban and many other aspects,” stressing that “there is a great government interest in developing all banking and service sectors, and Iraq during the next two years will witness remarkable development.” "It is great in all aspects."
Since taking office in October 2022, Iraqi Prime Minister Muhammad Shiaa Al-Sudani has achieved a record number of policy achievements. The “Services Government”, which he heads, has completed a set of projects, including the construction of roads, highways and hospitals, the signing of multibillion-dollar agreements to ensure independence in the field of energy, and the completion of an agreement with Tehran to trade gas for oil so that Iraqis can withstand the extreme heat in the summer when temperatures reach...
The temperature reaches 50 degrees Celsius, and work with the government to approve the federal budget for three years. LINK
Iraqi Currency Auction Sells More Than $180 Million
Economical 02/20/2024 Baghdad: Al-Sabah External remittances decreased at the Central Bank of Iraq auction yesterday, Monday, compared to Sunday, reaching $180 million.
During its auction for buying and selling the US dollar, the Central Bank sold 210 million 462 thousand and 654 dollars, which the bank covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for external transfers, and in cash.
Most of the bank's dollar sales went to strengthening balances abroad in the form of (transfers, credits), which amounted to 180 million, 432,654 dollars, an increase of 83%, compared to cash sales of 30 million and 30 thousand dollars.
The number of banks that purchased cash dollars reached two banks, while the number of banks that responded to requests to enhance balances abroad reached 14 banks, while the total number of exchange and brokerage companies participating in the auction was 32 companies.
https://alsabaah.iq/92084-.html
Planning: SAIPA Is Prohibited From Importing Used Cars And Their Supply Will Not Be Random
Money and business Economy News – Baghdad The Ministry of Planning confirmed that new cars that violate Iraqi specifications are prohibited from being imported, such as Saiba, noting that imported gold is examined at Baghdad and Najaf airports before it is distributed in the markets.
The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said that in the past, gold was spread in the markets, and merchants would take it to the quality control agency for examination, but now offices of the agency have been opened at Baghdad and Najaf airports in order to examine the gold before it enters the markets.
He pointed out that the gold that comes from the Kurdistan region has not been examined, explaining that there are legal procedures against violators and they will be referred to the judiciary, which may lead to closing the store and withdrawing the license.
He confirmed that new imported cars have become subject to the Iraqi standard, which is considered one of the best specifications in the world and is similar to the Gulf standard, and that many imported cars are being rejected and prevented from entering border crossings such as SAIBA.
He pointed out that the used cars that are imported, work is being done to set specific specifications for the durability of the car. 1124 views 02/19/2024 - https://economy-news.net/content.php?id=40661
Provoking Points To Ponder on Money
Some people's money is merited and other people's is inherited. - Ogden Nash
There is only one thing for a man to do who is married to a woman who enjoys spending money, and that is to enjoy earning it. - Edgar Watson Howe
To be clever enough to get all that money, one must be stupid enough to want it. - G. K. Chesterton
Why is there so much month left at the end of the money? - Anonymous
Money is the poor people's credit card. - Marshall McLuhan
A man is rich in proportion to the things he can afford to let alone. - Henry David Thoreau
Money is like a sixth sense, and you can't make use of the other five without it. - W. Somerset Maugham
Money swore an oath that nobody who did not love it should ever have it. - Irish proverb
I'm so happy to be rich, I'm willing to take all the consequences. - Howard Ahmanson
I haven't heard of anybody who wants to stop living on account of the cost. - Kin Hubbard
It isn't enough for you to love money - it's also necessary that money should love you. - Baron Rothschild
Philanthropist: a rich (and usually bald) old gentleman who has trained himself to grin while his conscience is picking his pocket. - Ambrose Bierce
The darkest hour of any man's life is when he sits down to plan how to get money without earning it.
- Horace Greeley
The petty economies of the rich are just as amazing as the silly extravagances of the poor.
- William Feather
Money is human happiness in the abstract. - Arthur Schopenhauer
Money is the most egalitarian force in society. It confers power on whoever holds it. - Roger Starr
Famous Quotes and Authors, Famous Quotations for all Occasions
Iraqi Dinar Video Updates Tuesday Afternoon 2-20-24
Iraqi Dinar Video Updates Tuesday Afternoon 2-20-24
Iraqi Dinar Stabilizes Massive News 2024 - 4:29
USD Prices Record A Downward Trend - 7:13
Dollar Firms Past 150 Yen 2024 – 3:29
Iraqi Dinar Video Updates Tuesday Afternoon 2-20-24
Iraqi Dinar Stabilizes Massive News 2024 - 4:29
USD Prices Record A Downward Trend - 7:13
Dollar Firms Past 150 Yen 2024 – 3:29
Iraqi Dinar Stabilizes Massive News 2024 - 4:29
https://www.youtube.com/watch?v=oHtZ4HkUR38
USD Prices Record A Downward Trend – 7:13
Dollar Firms Past 150 Yen 2024 – 3:29
De-Dollarization: Will the QFS Replace the All-Powerful Eurodollar System? Awake-In-3D
De-Dollarization: Will the QFS Replace the All-Powerful Eurodollar System?
On February 19, 2024 By Awake-In-3D
In RV/GCR
GCR-Land discussions often circle around de-dollarization and the fall of the U.S. dollar as the world’s reserve currency.
However, a closer examination reveals a more complex and deeply entrenched structure at the heart of global finance: the Eurodollar Shadow Banking System.
This system, often overlooked in Global Currency Reset (GCR) narratives, holds the true reins of financial power and influence, operating behind a veil of secrecy and complexity.
The U.S. dollar is merely an instrument within the global financial system, while the offshore Eurodollar market is the actual financial system itself.
De-Dollarization: Will the QFS Replace the All-Powerful Eurodollar System?
On February 19, 2024 By Awake-In-3D
In RV/GCR
GCR-Land discussions often circle around de-dollarization and the fall of the U.S. dollar as the world’s reserve currency.
However, a closer examination reveals a more complex and deeply entrenched structure at the heart of global finance: the Eurodollar Shadow Banking System.
This system, often overlooked in Global Currency Reset (GCR) narratives, holds the true reins of financial power and influence, operating behind a veil of secrecy and complexity.
The U.S. dollar is merely an instrument within the global financial system, while the offshore Eurodollar market is the actual financial system itself.
What is the Eurodollar System?
The Eurodollar system, fundamentally different from the U.S. dollar, represents dollar-denominated claims outside the United States. It is the backbone of the global financial system, transcending national currencies, borders, and regulatory jurisdictions.
Dollar-denominated claims in global finance refer to financial assets or liabilities that are denominated in U.S. dollars, regardless of the country in which the transaction takes place. These can include bonds, loans, or other financial instruments that are valued in U.S. dollars.
The Eurodollar’s capital structure is broad, deep and larger than the entire GDP of the United States.
The true power of the Eurodollar lies not in its visibility but in its pervasive and hidden influence over global financial operations.
The focus on de-dollarization and the replacement of the dollar as the world’s reserve currency is, in many ways, a distraction from the deeper issue.
The U.S. dollar is merely an instrument within the global financial system, while the secretive Eurodollar Market is the actual financial system itself.
This distinction is crucial in understanding why simply replacing the dollar with another currency does not support a Global Currency Reset (GCR) because it fails to address the inherent problems of the current system.
The Chinese Yuan is Not the Answer
Remember when alternatives such as the Chinese Yuan and the PetroYuan were proclaimed as successors to the dollar’s hegemony? Yet, these much-exaggerated claims fall apart under closer scrutiny.
China’s current economic challenges and the inherent limitations of the Yuan in global trade render it an unlikely candidate for replacing the dollar. Their collapsing stock markets and the ongoing real estate crisis (Evergrande, etc.) present serious obstacles.
The emergence of decentralized crypto currencies offers promise but also faces hurdles in achieving the level of acceptance and proficiency currently held by the supreme Eurodollar system.
The challenge lies in building a new system that can match, or surpass, the Eurodollar system’s capabilities.
A true transformational alternative lies in a global trade currency backed by gold.
This golden medium of exchange would offer stability, efficiency, and equity in foreign exchange rate management and global trade facilitation.
Such a currency, especially in the form of a global digital stablecoin, could provide the necessary attributes to challenge the Eurodollar system’s supremacy.
It would offer a transparent and reliable reserve currency alternative, free from the current manipulation of fractional reserve lending and fiat currency rehypothecation.
This transition, however, is not without its challenges.
The entrenched interests behind the Eurodollar system, with their vast wealth and influence, are unlikely to embrace a shift that threatens their current control over the global fiat currency and financial system.
The bankster cabal won’t simply embrace a digital gold-backed trade currency within the Eurodollar system. The Eurodollar system must be rendered obsolete by an alternative system.
What About the QFS (Quantum Financial System)?
Perhaps the enigmatic and much over-exaggerated Quantum Financial System (QFS) is the alternative that will dethrone the Eurodollar System. It makes far more sense to me that replacing the Eurodollar System is the true purpose and function of the QFS.
`The quest for an alternative is more than just a search for a new currency; it is a quest for a new financial command and control center for global foreign exchange, banking operations, and global commerce.
The potential of a gold-backed common currency, especially in digital form, and combined with a QFS infrastructure offers a view into what such an alternative might look like to challenge the very foundations of the Eurodollar system.
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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https://ai3d.blog/de-dollarization-why-the-gcr-cant-happen-unless-the-eurodollar-system-falls/
More News, Rumors and Opinions Tuesdday Afternoon 2-20-2024
Ariel: 15 Benefits Of Returning To The Gold Standard: The Citizen
1. Silver and gold hold intrinsic value that isn’t subject to inflation like fiat currency. This provides economic stability. Inflation has diluted the US dollar’s purchasing power substantially over the past century. In 1913 when the Federal Reserve was founded, $100 could buy what takes $2,500 today, an astonishing loss of value. Precious metals do not inflate like this.
2. There would be less risk of hyperinflation destroying savings and purchasing power. Venezuela suffered devastating hyperinflation with money losing all meaningful value, wiping out years of savings. This is impossible with something like gold or silver maintaining inherent worth.
3. Individuals would have more financial privacy without centralized digital money monitoring all transactions. China’s Social Credit System tracks all digital transactions giving the state unprecedented access to monitor citizen spending. Using precious metals allows for untracked exchange preserving privacy from authoritarian overreach.
Ariel: 15 Benefits Of Returning To The Gold Standard: The Citizen
1. Silver and gold hold intrinsic value that isn’t subject to inflation like fiat currency. This provides economic stability. Inflation has diluted the US dollar’s purchasing power substantially over the past century. In 1913 when the Federal Reserve was founded, $100 could buy what takes $2,500 today, an astonishing loss of value. Precious metals do not inflate like this.
2. There would be less risk of hyperinflation destroying savings and purchasing power. Venezuela suffered devastating hyperinflation with money losing all meaningful value, wiping out years of savings. This is impossible with something like gold or silver maintaining inherent worth.
3. Individuals would have more financial privacy without centralized digital money monitoring all transactions. China’s Social Credit System tracks all digital transactions giving the state unprecedented access to monitor citizen spending. Using precious metals allows for untracked exchange preserving privacy from authoritarian overreach.
4. Savings in precious metals preserve wealth better over the long term compared to fiat currencies. Historical cases like Mansa Musa’s 14th century West African empire growing incredibly rich from massive gold holdings show it preserving vast wealth over centuries compared to currencies that inevitably deflate.
5. Using silver and gold coins facilitates bartering and exchange without needing banks as financial intermediaries. Cigarettes’ emergence as black market currency in prison demonstrates how physical commodity monies facilitate localized exchange without reliance on financial intermediaries vulnerable to systemic failure.
6. Precious metals have industrial uses, unlike fiat which only has value as money due to government decree. The fact that silver and gold have versatile industrial applications for electronics, medical devices, solar panels etc. mean they will never lose all value and always have some intrinsic utility even aside from being used as currency.
7. Hard money disciplines governments from endless money printing to fund deficits. Ancient Lydia (in modern Turkey) was one of the first kingdoms to mint gold and silver coins. As metal purity allowed for trust in the currency, enabling the empire to expand trade reach and economic growth into neighboring regions.
8. Limited manipulability protects the economy from booms and busts in the business cycle. After the US civil war, battles over bimetallism versus strict gold standard contributed to business cycle instability from deflationary pressures that largely subsided once gold was firmly codified at $20 per ounce backing the dollar.
9. Reduces the ability to wage prolonged wars since sound money limits military overreach. 16th century Spain amassed huge gold troves making them a dominant military superpower, but they still eventually defaulted several times after overextending military budgets, showing hard money constraints checking endless warfare.
10. Eliminates systematic banking bailouts that socialize losses while privatizing profits. When unsound lending practices in the US savings and loan sector triggered crisis and threatened industry collapse, taxpayers were forced to cover billions in bailouts protecting firms while citizens bore job losses and economic pain.
11. May decrease income inequality since those closest to money creation won’t be enriched and those furthest won’t be impoverished. During the classical gold standard era in the 19th and early 20th centuries, wealth inequality levels were lower than today. This was partly because middle and working classes’ money maintained stable purchasing power, and their savings were not devalued through inflation as happens today.
12. Limits dollar diplomacy whereby global trade works through one dominant fiat currency. The Triffin dilemma refers to the problem of the US dollar acting as global reserve currency. It requires the US run perpetual trade deficits to supply enough dollars for world demand, which is unsustainable long-term. A gold or other commodity standard would remove this dilemma and rebalance international trade.
13. Restricts the government’s capacity to spy on and control citizen spending. When India was part of the British empire, many Indians distrusted paper rupees issued by the British and preferred holding gold and silver. This allowed them to exchange value privately without relying as much on imperial monetary policies.
14. Silver has anti-microbial properties with medical use-cases that provide utility even if not used as money. In World War 1, silver-containing antiseptics were crucial for treating injuries when antibiotics had not yet been developed. This demonstrates silver’s enduring medical utility independent of its monetary role.
15. Precious metals have cultural affinity and psychological appeal that increases confidence in money’s stability. Gold and silver have culturally significant statuses, often associated with royalty, luxury and wealth. This psychological attachment means they command belief in their inherent value in a way fiat currencies struggle to.
**************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The CBI was given new DeLaRue machines to use by the United States Treasury. Why? Because the old DeLaRue machines cannot read the new security features on the new lower notes.
Mnt Goat I will tell everyone who has been in this speculative investment for a long time, this couldn’t be a worst time to sell your dinar. I compare it to a severe storm. You must have the guts to weather the storm... when the storm finally does really end, it’s over and done and then you move on to a better life knowing you weathered the storm and received the blessings that come afterwards. The rewards are great.
Vince Lanci: Are BRICS Really Planning A 'Common Currency'
Arcadia Economics: 2-19-2024
Over the past year there's been a lot of speculation in regards to what the BRICS may be planning in regards to a new currency system.
Leading up to last year's BRICS meeting Jim RIckards had speculated that they would be going to a gold-backed currency. Which of course has not happened yet.
At the BRICS meeting Russian Foreign Minister Sergey Lavrov said 'Nobody is talking now about a “common currency.' Although Russian economist Sergey Glazyev has made other comments that give a different impression. So what's really happening?
In today's show Vince Lanci reviews the comments, and shares how he interprets them, and what is actually taking place.
So to find out more about the latest currency developments from the BRICS that have the potential to impact the gold price, click to watch the video now!
Gold, Inflation & USD: The Truth Outside YOUR Window | David Morgan
Soar Financially: 2-18-2024
David Morgan, the Silver Guru and financial market commentator, joins us for an in-depth discussion of the economy. How is inflation behaving, what will be the FED's next move, what are the roles of gold and silver, and much more.
Goldilocks' Comments and Global Economic News Tuesday Evening 2-20-24
Goldilocks' Comments and Global Economic News Tuesday Evening 2-20-24
Good Evening Dinar Recaps,
* At 12:00 EST, the vote for Protocol 20 will begin. *
The merger of Protocol 20 completes the Quantum System upgrade from Protocol 19 to Protocol 20.
There is a chance that a volatility event could happen during this time as our tokenized assets move into real values on the new Quantum Financial system.
During this transfer of assets, traditional assets are being tokenized and supported by commodities.
This will help our markets and banking system work with real-world values as they synchronize into one another. Stellar
© Goldilocks
~~~~~~~~~~
"Regulatory Changes Impacting PDX Operations Heading Into 2024
PDX Coin is the heart of a global payments and digital banking platform that aims to enable hundreds of millions of retail users, institutions, merchants, vendors and ecosystem partners to easily participate in the crypto economy with instant conversion between digital currency and fiat currency."
Goldilocks' Comments and Global Economic News Tuesday Evening 2-20-24
Good Evening Dinar Recaps,
* At 12:00 EST, the vote for Protocol 20 will begin. *
The merger of Protocol 20 completes the Quantum System upgrade from Protocol 19 to Protocol 20.
There is a chance that a volatility event could happen during this time as our tokenized assets move into real values on the new Quantum Financial system.
During this transfer of assets, traditional assets are being tokenized and supported by commodities.
This will help our markets and banking system work with real-world values as they synchronize into one another. Stellar
© Goldilocks
~~~~~~~~~~
"Regulatory Changes Impacting PDX Operations Heading Into 2024
PDX Coin is the heart of a global payments and digital banking platform that aims to enable hundreds of millions of retail users, institutions, merchants, vendors and ecosystem partners to easily participate in the crypto economy with instant conversion between digital currency and fiat currency."
Recent regulations in the crypto space are coming fast and furious at this point. On January 10, the Securities and Exchange Commission (SEC) approved 11 Spot Bitcoin Exchange-Traded Funds (ETFs).
This move alone has created the need for clear regulations and guidelines to move the crypto space forward into the new QFS. The emerging regulation of stablecoins are in process and expected to be nearly complete if not completed by the midpoint of this year.
Payments and cross-border trades will be well on their way to adoption the second half of this year. New regulations for stablecoin users in the European Union will go into effect, and Hong Kong and the UK will be somewhere in that time frame or following.
In just a few short months, the world as we once knew it will have changed. It begins today with Protocol 20 as Quantum Technologies from around the world begin to move into the Stellar Network.
© Goldilocks
Block Telegraph
Steemit
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Ethena, a prominent player in the cryptocurrency space, has recently unveiled its USDe stablecoin on the public mainnet along with an innovative Shard Campaign. This campaign, designed to incentivize user participation, offers rewards based on contributions, marking a significant milestone for the Ethena community.
The Shard Campaign introduces a new and unique approach to engaging users and fostering long-term involvement within the ecosystem. By rewarding activities that contribute to the Ethena ecosystem, the campaign aims to build a vibrant and active community dedicated to the platform’s success. This departure from traditional incentivization methods showcases Ethena’s commitment to innovation and user-centric development.
In terms of structure and duration, the Shard Campaign is organized around multiple short-duration seasons known as “Epochs.” Each Epoch focuses on different activities related to the USDe stablecoin and community integration. The campaign is not intended to be prolonged, with a commitment to finalizing it within three months or when the USDe supply reaches $1 billion, whichever comes first.
Facts Chronicle
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RIYADH: Saudi Arabia’s advancement in electronic government services has secured the Kingdom the top spot in the Middle East and North Africa according to a UN ranking.
The 2023 Government Electronic and Mobile Services Maturity Index issued by the intergovernmental organization’s Economic and Social Commission for Western Asia, indicates Saudi Arabia has maintained its lead for the second consecutive year.
The index, known as GEMS, annually classifies 17 countries based on the maturity of 84 priority government services through portals and applications, using three sub-indicators.
Saudi Arabia achieved distinction in all indicators, experiencing significant development in each.
Arab News
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Iraq Economic News and Points to Ponder Tuesday Afternoon 2-20-24
Iraq Economic News and Points to Ponder Tuesday Afternoon 2-20-24
Tlm724 Administrator Bondlady’s Corner
How Will Foreign Trade Be Financed After The Cancellation Of The Electronic Platform? The Iraqi Central Bank Answers
Money and business Economy News – Baghdad Today, Tuesday, the Central Bank of Iraq revealed the mechanism for financing foreign trade after canceling the electronic platform and currency auction that the Central Bank intends to implement soon.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview followed by Al-Iqtisad News, “The Central Bank of Iraq is heading to cancel work on the electronic platform.”
He explained that "the banks will be responsible for financing foreign trade directly through the dollars they own, and they will be fully responsible for auditing invoices and transfers, which is the practice globally."
Iraq Economic News and Points to Ponder Tuesday Afternoon 2-20-24
Tlm724 Administrator Bondlady’s Corner
How Will Foreign Trade Be Financed After The Cancellation Of The Electronic Platform? The Iraqi Central Bank Answers
Money and business Economy News – Baghdad Today, Tuesday, the Central Bank of Iraq revealed the mechanism for financing foreign trade after canceling the electronic platform and currency auction that the Central Bank intends to implement soon.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview followed by Al-Iqtisad News, “The Central Bank of Iraq is heading to cancel work on the electronic platform.”
He explained that "the banks will be responsible for financing foreign trade directly through the dollars they own, and they will be fully responsible for auditing invoices and transfers, which is the practice globally."
Khalaf stated that the American correspondent banks will be responsible for financing the requests of these banks among themselves after reviewing the private documents, and the Central Bank of Iraq will not enter as a party in this case.
227 views Added 02/20/2024 - 1:13 PM https://economy-news.net/content.php?id=40681
The Iraqi Private Banks Association Participates In A Discussion Session On Developing The Work Of The Banking Sector
Economy News _ Baghdad The Iraqi Private Banks Association participated in the seminar held by the Central Bank in cooperation with the General Council of Islamic Banks and Financial Institutions.
The advisor to the Iraqi Association of Private Banks, Samir Al-Nusairi, said during his speech in the discussion session: First, I convey to you the greetings of the President of the Association of Banks, Wadih Al-Hanhal, referring to the role of the Association of Banks in the field of cooperation with Arab and foreign banking organizations, as well as the General Council of Banks and Islamic Financial Institutions in light of the agreement.
It signed with them in the field of training and holding workshops, and it is the official and sole agent approved by the General Council.
He added that the Association is a major supporter of the banking sector, as well as within the strategies and directions of the Central Bank to advance the reality of the sector and meet its ambition.
99 views 02/20/2024 - https://economy-news.net/content.php?id=40683
Oil Prices Record Remarkable Stability In Global Markets
Economy | 02/20/2024 Mawazine News – Baghdad Oil prices held gains near their highest level in more than three months after another Houthi strike in the Red Sea, as tensions persist in the key region for crude production and trade.
Brent crude futures fell eight cents to $83.48 a barrel by 01:33 GMT. US West Texas Intermediate crude for April delivery fell 10 cents to $78.36 a barrel.
The West Texas Intermediate crude contract for March rose 26 cents to $79.45 a barrel, with traders preparing for this contract to expire during the day.
Oil has remained confined to a narrow range of $10 per barrel since the beginning of the year, as competition between the factors supporting the rise and fall led to a decline in volatility. Signs of weak demand - most notably from top importer China - were offset by geopolitical tensions and efforts by the OPEC+ alliance to cut production.
OPEC+ and its allies are scheduled to meet in early March to decide whether to extend production cuts into the second quarter. Iraq, OPEC's second-largest producer, pledged to improve its compliance with the restrictions after the country finishes reviewing external estimates of its production, according to the Iraqi Oil Minister. https://www.mawazin.net/Details.aspx?jimare=242407
The US Dollar Declines Against The Iraqi Dinar
Economy | 02/20/2024 Mawazine News – Baghdad The exchange rates of the US dollar against the Iraqi dinar witnessed a slight decline today, Tuesday,
and the Kifah and Harithiya central stock exchanges recorded a price of 152,150 Iraqi dinars against 100 US dollars.
As for the dollar exchange rates in banking shops and local markets, the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=242435
The Central Bank Stresses The Growing Importance Of Islamic Finance In Iraq
Economy | 02/20/2024 Mawazine News – Baghdad The Central Bank of Iraq stressed, on Tuesday, the growing importance of Islamic finance in Iraq.
The Central Bank stated in a statement received by Ann News, “The Central Bank of Iraq hosted a technical workshop on governance and compliance in Islamic banks and financial institutions, which was organized by the General Council of Islamic Banks and Financial Institutions.”
He added, "The workshop, which was attended by a number of representatives of banks, Islamic financial institutions, regulatory bodies, supervisory authorities, and international organizations, discussed governance and compliance in banks and Islamic financial institutions, discussed supervisory methodologies for continuity and development after crises, challenges of governance and compliance in Islamic finance, as well as risk management practices." ".
He continued, "The workshop saw the work program carefully designed to integrate theoretical frameworks with practical applications in the field of governance, compliance, and risk management to ensure maximum benefit for participants."
Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, stressed, according to the statement, that “the success of the workshop emphasizes the growing importance of Islamic finance in Iraq, and hosting this workshop reflects our fruitful cooperation with the General Council in order to encourage best practices for governance and compliance within Islamic financial institutions in Iraq.” .
In turn, the Secretary-General of the General Council, Abdelilah Belatiq, said, “Through this distinguished initiative, we reflect the joint commitment between the General Council and the Central Bank of Iraq in developing the principles of governance and compliance in the Islamic financial industry,” looking forward to “more cooperation and constructive work to strengthen and develop the industry.” Islamic finance in the region. https://www.mawazin.net/Details.aspx?jimare=242461
Al-Sudani: The Justifications For The Presence Of The International Coalition In Iraq In 2014 Have Effectively Completely Ended
Tuesday 20, February 2024 18:50 | Political Number of readings: 330 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed: “The justifications for the presence of the international coalition in Iraq in 2014 have practically completely ended today.”
Al-Sudani said in a press conference attended by the National Iraqi News Agency ( NINA ): “The government received an official request from the American embassy.” By agreeing to implement what we agreed upon during the meetings to form a higher bilateral military committee, and this file cannot be ignored or shied away from at all.”
He added: “The meetings take place three days a week in the presence of the American side and representatives of the international coalition, which is now sitting with the Iraqi government to talk about the three main axes.” In the meetings of the Military Committee, “operational presence, security preparedness, and the intelligence aspect.” https://ninanews.com/Website/News/Details?Key=1108778
Sudanese Announces The Official Approval Of The US Embassy Regarding The Implementation Of The International Coalition’s Withdrawal
Political | 02/20/2024 Mawazine News - Baghdad
Prime Minister Muhammad Shiaa Al-Sudani announced on Tuesday that the government had received an official response regarding the American approval to schedule the American withdrawal.
Al-Sudani said in a press conference followed by Mawazine News, “The axis of the political agreement within the government program has been implemented, 54 paragraphs of which are still 27 steps in progress.”
He added, "We have renewed and renew our position that rejects Iraq being an arena for conflict or the exchange of messages, and Iraq's interest is the most important," noting that "his visit to the Netherlands comes within the framework of developing bilateral relations and within the context of building companies."
He continued, "Baghdad received an official letter from the American embassy approving the The outcomes of the meeting held in Washington in implementing the agreement regarding scheduling the end of the tasks of the international coalition.” https://www.mawazin.net/Details.aspx?jimare=242467
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Tact and Diplomacy:
Tact is the intelligence of the heart. - Anonymous
Silence is not always tact, and it is tact that is golden, not silence. - Samuel Butler
Diplomats are useful only in fair weather. As soon as it rains, they drown in every drop. - Charles de Gaulle
A distinguished diplomat could hold his tongue in ten languages. - Anonymous
Negotiation in the classic diplomatic sense assumes parties more anxious to agree than to disagree. - Dean Acheson
Diplomacy; the art of saying 'nice doggie' till you can find a rock. - Wynn Catlin
An ambassador is an honest man sent to lie abroad for the good of his country. - Henry Wotton
If any pilgrim monk come from distant parts, with wish as a guest to dwell in the monastery, and will be content with the customs which he finds in the place, and does not perchance by his lavishness disturb the monastery, but is simply content with what he finds, he shall be received for as long as he desires.
If, indeed, he find fault with anything, or expose it, reasonably, and with the humility of charity, the Abbott shall discuss it prudently lest perchance God had sent him for this very thing.
But, if he have been found gossipy and contumacious in the time of his sojourn as guest, not only ought he not be joined to the body of the monastery, but also, it shall be said to him, honestly, that he must depart. If he does not go, let two stout monks, in the name of God, explain the matter to him. - Saint Benedict
Famous Quotes and Authors, Famous Quotations for all Occasions-
BRICS Expands: Which New Countries Joined? (And Who Wants To)
BRICS Expands: Which New Countries Joined? (And Who Wants To)
USGoldBureau.com Feb. 18
January was an important month for the BRICS+ alliance and the world, due to who officially joined the alliance and who did not. Some were expected to join and reported to have joined but have not. Of the six nations expected to join, only Egypt, Ethiopia, Iran, and the United Arab Emirates have done so.
This is still a significant development, as they are the first new nations welcomed to join since the BRICS alliance was formed. It is also significant who did NOT join (Argentina and Saudi Arabia), as many other nations waiting in the wings have expressed an interest in following Saudi Arabia’s lead.
BRICS Expands: Which New Countries Joined? (And Who Wants To)
USGoldBureau.com Feb. 18
January was an important month for the BRICS+ alliance and the world, due to who officially joined the alliance and who did not. Some were expected to join and reported to have joined but have not. Of the six nations expected to join, only Egypt, Ethiopia, Iran, and the United Arab Emirates have done so.
This is still a significant development, as they are the first new nations welcomed to join since the BRICS alliance was formed. It is also significant who did NOT join (Argentina and Saudi Arabia), as many other nations waiting in the wings have expressed an interest in following Saudi Arabia’s lead.
As we will see today, regardless of the ultimate actions taken by Argentina and Saudi Arabia, gold is gaining ascension as a premier world trading and reserve asset. It behooves us as Americans to pay attention and gather some gold while we are gathering dollars.
Nations That Joined
With the addition of Egypt, Ethiopia, Iran, and the UAE, the BRICS+ alliance share of the world economy is now greater than that of the G-7 alliance of nations. As a review, the G-7 is comprised of Germany, France, Canada, Japan, Italy, the United Kingdom, and the United States.
Twenty-two years ago, the BRICS portion of the world economy was less than half of the G-7. Now, it exceeds the G-7. This has happened over time and is not due solely to the addition of four new nations to the BRICS+ alliance. Population centers, industrial bases, and wealth creation in developing economies are more responsible for this shift, which is expected to continue.
When you think of Ethiopia, perhaps poverty and starving children holding out a bowl to receive some porridge come to mind. However, Ethiopia has found oil and has begun the process of exploration and extraction. Hundreds of billions of barrels of oil are believed to be connected to oil shale fields found in Ethiopia. This find has the potential to propel Ethiopia into an economic leadership role throughout Africa and the world. American oil companies and investors were already present, helping develop these fields prior to their official admittance as a BRICS+-aligned nation.
Much is at stake here as we move forward, in a country previously not thought of as an economic powerhouse.
Egypt, while officially part of Northern Africa, has long been an important partner of the United States and has often helped stabilize events in the Middle East. Egypt has purchased/received American-made military equipment throughout the years. It remains to be seen what the new BRICS+ membership will mean for Egypt’s relationship with the United States, and for the stability of the region in the years ahead.
Iran is an oil-rich nation that has had a love-hate relationship with the United States in years past. A previous ruler (Shah of Iran) was seen as friendly to the West, causing Iran to have a good relationship with the West from the mid-1950s until being deposed by the Iranian Revolution in 1979. Then what was known as the Iran Hostage Crisis occurred, whereby revolutionaries took American hostages, and a year-long standoff ensued. More recently, Iran has been involved in supporting terror groups such as Hamas and Hezbollah and attacking American military ships and bases scattered throughout the Middle East.
Iran is a powerful nation with nuclear ambitions that has been under economic sanctions by the United States continuously since 1987. As a sanctioned nation (like Russia), they were a natural fit for BRICS+ membership. Even before officially joining BRICS+, Iran had already been an important partner for Russia and China.
The UAE is an oil and gas-rich country with significant reserves, in which less than 12% of the residents originate from the region. The other 88% of the population are expatriates from other nations who moved to the UAE for employment serving the citizenry. The UAE has been an important economic partner with the United States in the past and has helped bring economic stability to the region. It has been a wealthy and relatively peaceful region of the Middle East. It will be interesting to see what the new BRICS+ membership will mean for their relationship with the West moving forward.
What is significant about Saudi Arabia not joining is that Saudi Arabia is in the midst of the four nations that did join (see map above). This is a key region of the world currently experiencing shipping difficulties due to missile attacks from militia groups sponsored by Iran.
Saudi Arabia has been the lynchpin of the petrodollar world reserve currency system enjoyed by the United States since being created around 1974. While the petrodollar world has already been hindered and impacted by non-dollar oil trading happening between BRICS+ nations, Saudi Arabia joining BRICS+ could signal the official end of the petrodollar system. You can imagine the intense tug-of-war going on between the United States, Saudi Arabia, and their neighbors that have already joined BRICS+.
Saudi Leadership Role
What is also significant is that 34 additional nations expressed an interest in joining the BRICS+ alliance when/if Saudi Arabia joins. Contrary to reports that say Saudi Arabia has officially joined BRICS+, they have not.
What happens to the 34 nations taking cues from Saudi Arabia remains to be seen, but what is certain is that gold is becoming a more important asset globally, and the dollar is becoming less important. One hundred fifty-nine nations have signed up to use the new BRICS+ version of SWIFT (Western money transfer system), with 20 nations deciding to ditch the use of the dollar as they transition. While the dollar is not going away anytime soon, the world that requires or accepts the dollar as payment is getting smaller. That is why it is becoming increasingly important for the average American to own some gold.
Gold acts as a hedge against the loss of purchasing power of the dollar. The dollar has lost purchasing power through the years, even though it was the World Reserve Currency. Think about how much purchasing power it can lose when it loses world reserve currency status. Owning tangible assets such as precious metals can help preserve your wealth and purchasing power as the world continues the inevitable march away from dollars and towards gold.
https://dinarchronicles.com/2024/02/20/which-new-countries-joined-brics-and-who-wants-to-apply/
"Tidbits From TNT" Tuesday 2-20-2024
TNT:
Tishwash: How will foreign trade be financed after the cancellation of the electronic platform? The Iraqi Central Bank answers
Today, Tuesday, the Central Bank of Iraq revealed the mechanism for financing foreign trade after canceling the electronic platform and currency auction that the Central Bank intends to implement soon.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview followed by Al-Iqtisad News, “The Central Bank of Iraq is heading to cancel the electronic platform and the currency auction soon.”
He explained that "the banks will be responsible for financing foreign trade directly through the dollars they own, and they will be fully responsible for auditing invoices and transfers, which is the practice globally."
TNT:
Tishwash: How will foreign trade be financed after the cancellation of the electronic platform? The Iraqi Central Bank answers
Today, Tuesday, the Central Bank of Iraq revealed the mechanism for financing foreign trade after canceling the electronic platform and currency auction that the Central Bank intends to implement soon.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in an interview followed by Al-Iqtisad News, “The Central Bank of Iraq is heading to cancel the electronic platform and the currency auction soon.”
He explained that "the banks will be responsible for financing foreign trade directly through the dollars they own, and they will be fully responsible for auditing invoices and transfers, which is the practice globally."
With this step, the Central Bank of Iraq intends to “withdraw itself” from the process of financing foreign trade and make the process limited to banks inside Iraq.
Among the American correspondent banks, which will be responsible for financing the requests of these banks among themselves after reviewing the private documents, and the Central Bank of Iraq not entering as a party in this case link
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CandyKisses: Iraq and Egypt discuss ways to strengthen relations between the two countries in the oil and energy sector
Baghdad / Nina / Deputy Prime Minister for Energy Affairs and Minister of Oil Hayyan Abdul Ghani discussed with the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt Tariq Al-Mulla ways to strengthen relations between the two brotherly countries in the oil and energy sector.
According to a statement by the Ministry of Oil, Abdel Ghani met the Egyptian minister during an official visit to participate in the work of the Egypt International Energy Conference and Exhibition.
The Egyptian minister stressed the importance of the existing cooperation between the two brotherly countries and Egypt's keenness to strengthen this cooperation across various fields, especially oil, energy and petrochemical industries, pointing to the existing partnership and cooperation with the Egyptian General Petroleum Corporation and Enppi and Petrojet, stressing the importance of expanding the areas of cooperation to serve the common interests of the two countries.
For his part, Deputy Prime Minister for Energy Affairs and Minister of Oil affirmed Iraq's support for bilateral cooperation with Egypt and its aspiration to expand the volume of participation of Egyptian companies in the investment projects announced by the ministry, expressing his interest in participating in the Egypt International Energy Conference and Exhibition as an important economic event.
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayyan Abdel Ghani arrived in Cairo to participate in the work of the Egypt International Energy Conference and Exhibition "EGYPES2024".
************
CandyKisses: Remarkable progress in two years. Iraq moves from recovery to development (details)
Baghdad Today - Baghdad
Today, Tuesday (February 20, 2024), the Parliamentary Economy and Industry Committee commented on Iraq's transition from the recovery stage to the development stage during the current and future period.
Ruqaya al-Nouri, a member of the committee, told Baghdad Today that "Iraq over the past years was going through a recovery phase due to the difficult security conditions it went through, especially during the period of occupation of the terrorist organization ISIS and after the liberation operations, and the advancement of the country's reality needed efforts and a long time."
Al-Nouri added that "Iraq is currently past the recovery stage and has entered the stage of development at various levels, especially with regard to the service and urban aspect and many others," stressing that "there is great government interest in developing all banking and service sectors, and Iraq during the next two years will witness a remarkable and significant development in various aspects."
Since taking office in October 2022, Iraqi Prime Minister Mohammed Shia al-Sudani has achieved a record number of policy achievements. The "service government," which he heads, has completed a range of projects including the construction of roads, highways and hospitals, the signing of multibillion-dollar agreements to ensure energy independence, the completion of a deal with Tehran to swap gas for oil So that Iraqis can withstand the sweltering heat in summer when temperatures reach 50 degrees Celsius, and work with the government to pass the federal budget for three years.
CandyKisses: Specialist: Iraq's economic environment is qualified to attract international and Arab banks
Baghdad Today - Baghdad
Economist and professor of financial economics at the University of Baghdad, Humam Al-Shamma, confirmed on Monday (February 19, 2024) that Iraq's economic environment is qualified to attract international and Arab banks.
Shamma said, for "Baghdad Today", that "Iraq and its economic, even security and political environment is ready to attract international and Arab banks," considering that "this is an important step in order to develop the banking sector in Iraq, whether governmental or private, especially since there are international banks currently operating in Iraq."
He stressed that "the work of any bank, even if it is global, must be in accordance with compliance with international standards in financial transfers, and any bank that violates this exposes itself to sanctions, whether the United States or even by the Central Bank of Iraq."
He pointed out that "attracting international banks should not be limited to countries alone, but must be inclusive without any discrimination, and this is applicable in all developed countries of the world."
Talk of attracting banks from outside the country comes with the continued ban of many Iraqi banks from dealing in dollars as a result of non-compliance with the controls of the Central Bank and the US Federal Bank.
Mot: ........ Ya Gots to Love Tuesdays!!!!
Mot: Soooooo Fun being Creative!!!
"Coffee With MarkZ" Tuesday Morning Chat 2-20-2024
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 everyone, beautiful day in the neighborhood
Member: I dusted off my dinar and dong, getting them ready to go
Member: Hoping this is the week….What are you hearing Mark?
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 everyone, beautiful day in the neighborhood
Member: I dusted off my dinar and dong, getting them ready to go
Member: Hoping this is the week….What are you hearing Mark?
MZ: something interesting from a whale…..that a couple of “Currency Whales” have exchange appointments in March. It may be they are setting appointments for after the event (Reset?) But it is interesting and these whales are not under NDA’s yet. I have heard from 3 of those right now. These whales have spent hundreds of thousands on currencies…one of them has spent millions.
Member: If bond folks are under NDA’s they must be going first and we currency folks after them…..this would explain those currency whales …imo
Member: A whale posted he was just waiting for German Bonds, hopefully they will fund today
Member: Some hypothecation that Bank crashes will occur on March 11th when their Fed loans come due
Member: So it looks like rumors about today Feb 20th were bogus…..sigh
MZ: Some BRICS news: “BRICS treading in uncharted territory” This is one of the best backgrounds on BRICS.
MZ: “IMF says Zimbabwe should speed up currency reforms” They are trying to tackle their rising inflation again. The world pushing them to go to a “Market based” instead of a “Fixed currency” which is the same thing Iraq is pushing to do.
MZ:” Lavrov says Cuba to develop ties with BRICS-EAEU” Concrete plans to be discussed soon. Would be huge for the Cuban people
Member: Rumor is they put the QFS in place yesterday but it won’t be fully implemented until March 24th. Will this have an impact on RV timing???
MZ: You will know when it’s in place. You will be told about new currency and a new system. I don’t think we will have to look for it.
Member: If it’s a shotgun start I would think the QFS will be live just before we exchange.
Member: I typed in all Chase Banks in Florida and the page showed JP Morgan Wealth Management Branches. Nothing on there that said "Bank"!
MZ: MilitiaMan did a fantastic video. Talks about JP Morgan and the work they are doing over there in Iraq. He talks about them supporting the value and the suspension on the 3 year budget for some reason? The only thing that makes sense to me is they know there will be a new value to the dinar soon. Be sure to go watch his videos and like and share them.
Member: I heard this has to be done before Ramadan….which is March 10th this year.
Member: We heard all of this last Ramadan…and the Ramadan before that….
MZ: Business is very much restricted or slows down during Ramadan. I would assume their reference is to not have it go on during Ramadan…….but it is still possible to have it happen then.
Member: If Iraq has to have sustainable pricing starting March 1 and Ramadan starts on March 11, I really feel like we are in the window now. Especially with Kuwait reevaluating during Ramadan.
Member: If Everything is ready to go ……..why we are still waiting?
Member: Is there any IRS update?
MZ: All I can tell you is they have restricted going after tax collections right now. Maybe because its an election year?
Member: You would think if there are White hats….they would do it before Tax day so as not to give those billions in tax money right to the bad guys. I am very sick of our hard earned money going right to evil people .
Member: I’m tired of hearing when it CAN’T go! I’m tired of hearing it can’t go during Ramadan or because it’s a bank holiday or because Isaac’s banks aren’t open Friday through Monday! When WILL it go?
Member: I’m not throwing in the towel and quitting but I admit I am exhausted and tired of this donkey being led by ever un-reaching carrot torture. I admit many day’s I question if this RV is real or not.
MZ: It is real…the big question is “WHEN”
Member: L always heard that it would seem very quiet and feel like nothing happening then boom!!!
Member: Everyone stay positive…..keep the faith. The best is yet to come.
Member: Thank you, Mark and mods! Have a great day, Everyone!
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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.
Iraqi Dinar Today Video Updates Late Monday Evening 2-19-24
Iraqi Dinar Today Video Updates Late Monday Evening 2-19-24
Its Massive - Dinar Reinstated Surprised New Rate $5.20 USD For Every IQD – 3:21
WOW Chase Bank & JP Morgan Chase Done – 3:36
Iraqi dinar also revalued - US Approved This Rate is right for IRAQ Dinar $5 USD – 5:49
Iraqi Dinar Today Video Updates Late Monday Evening 2-19-24
Its Massive - Dinar Reinstated Surprised New Rate $5.20 USD For Every IQD – 3:21
WOW Chase Bank & JP Morgan Chase Done – 3:36
Iraqi dinar also revalued - US Approved This Rate is right for IRAQ Dinar $5 USD – 5:49
Its Massive - Dinar Reinstated Surprised New Rate $5.20 USD For Every IQD – 3:21
https://www.youtube.com/watch?v=B8Dvx1Tx4Yo
WOW Chase Bank & JP Morgan Chase Done - 3:36
https://www.youtube.com/watch?v=ibnkrinQUQU
Iraqi dinar also revalued - US Approved This Rate is right for IRAQ Dinar $5 USD – 5:49