Friday Night Chat with MarkZ 2-23-2024

Friday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good evening Mark and to all in the RV community

Member:  Another month passes by…

Member:  This weekend Mark!!! Golden Weekend!

Member: Is there any RV news at all today?

Member: Had info from a platform that Reno may move today?

MZ: We definitely heard those rumors as well. There are a lot of rumors for this evening…a lot of platform rumors, and group rumors for this evening. But, some of my best contacts do not believe it is happening this weekend….but they are absolutely prepared….It’s best to just stay calm.

MZ: But I hope the people hearing it’s going to be tonight are correct.

NZ: “JP Morgan selected to run New Trade Bank in Iraq”  JP Morgan in Iraq has been preparing in Iraq according to Bloomberg and newsweek ….meanwhile their offices here in the US -the JP Morgan staff tells people it is not happening…..

MZ: They are either given you a approved message from employees…Or they are not at the level to know yet.

Member: Currency being called a ‘scam’ is the funniest thing ive ever heard, every country has its own currency and exchange rate, how can THAT be a scam?

Member: Chase Banks Vice President and manager admitted yesterday at our meeting they know....

Member:  I've heard 2023 is the year of jubilee, saying that, Bo Polny says we're still in 2023 and 2024 Member: starts (from Jesus' time) 3/14/24 I pray he's accurate on all of it!!

Member: Mark Kuwait RV'd during ramadon so maybe Iraq could too??

Member:  You know - back in the day of Nick Fleming - he called for March 2024. Maybe, just maybe he was right about something!

Member: Everyone enjoy your evening….see you in the morning. Hope the sources who say tonight is the night are right!!!

Mod:  ​​BYE ALL AND PLEASE DO NOT EMAIL MARK OVER THE WEEKEND! HE WILL DELETE THEM. THANKS

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

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

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

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

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

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

https://www.youtube.com/watch?v=YD3AKCyWyzI

Bruce’s Big Call Dinar Intel Thursday Night 2-22-24

Bruce’s Big Call Dinar Intel Thursday Night 2-22-24

Transcribed By WiserNow Emailed To Recap

  Welcome everybody is a big call tonight. It is Thursday, February 22. and you're listening to the big call, possibly all around the globe.   And welcome everybody - Before we go into the call, let's go ahead and pray it in

Thanks so much, Bob. Appreciate that. Very much. All right, good. Well, okay. I'm going to try to create a timeline because that's how I like to think about all the Intel flows.

To get started with First of all, I haven't mentioned this in a long time, but I'll mention it tonight.

This is a non taxable event.  These exchanges that we're doing and the redemption of zim they're not taxable  to you.

There was a question about that. There's no need to create any kind of tax shelter or anything like that. You'll be able to meet with your financial people, Premier bankers with Wells Fargo, and anybody else that you feel like you want to meet with about your finances after this.

But it's a completely different animal. It was designed to be tax free, and let's talk about that for just a second. We're not going to have under  NESARA which I’ll get to the timing of that soon -  we're going to have with NESARA  a complete change in our tax system.

There'll be no more federal income taxes.

Now, I'm not sure they'll be corporate income taxes, but I can't say that for sure. I know personally, federal income taxes are going away. The state income tax will change in certain states and their states they don't have any income taxes. There's like eight states that don't have any of that so far. A lot of things are going to that  but the point is we're gonna go to a consumption tax for items that are new, but not used items.  And also items that are essential, like food, food may still get taxed.

Although I didn't think that prescriptions won't. There's a lot of things that that we'll learn when we get this new NESARA law implemented in in our country but don't worry about the tax side of it. We'll see what happens with 2023 and for income taxes.

I don't know that they'll be some we'll just have to find out. I can't give you the advice on that. Nor would I try to but beware that tax change is going to go to a consumption tax of about 14 or 15 % for for items we purchase.

The tax will begin boarded in the cost of goods and then you'll you'll know it but you won't see it as a tax. It'll be in in bordered in the cost of the items that we buy. Okay, that's going to be great deal. okay.

Like the VAT tax in Europe - value added tax similar. it's not called the VAT, but here we're going to call it a consumption tax. and we'll see what happens on that and that's, that's coming up pretty soon.

The other thing is the timeline that we create. We've been told to keep an eye on this weekend. Well, let's talk about today Thursday, the 22nd today and tomorrow, watch to see what the stock market does specifically in the areas of the Big Pharma -  and insurance companies and a few other segments will probably have taken a pretty good hit today. and tomorrow. That's what we're hearing.

I don't think it's gonna be a so called crash. but I think you'll see some dips in the market today and tomorrow. Obviously today is over and I don't know what the numbers are, but something to keep an eye on.

Now, as far as coming to the weekend, Saturday and Sunday, we're finding out that if you're trying to use an ATM machine, or if you're trying to do a bank wire, what is happening starting It looks like it's starting Saturday and should go Saturday, Sunday and Monday.

We've got the banks will be going through a clearing process of clearing of the books clearing up the book – this is, the US D our fiat currency going away and being replaced by the USN and the USTN physical money that we put in our wallets and purses.

Okay. So what's gonna happen is they're switching off ATMs and doing bank wire transitions. Well, we understand I don't know if it's going to be complete or partial or how it's going to roll out but it is going to be happening Saturday and Sunday.

If you need to go to the bank to get to use the ATM tomorrow be the day to do it.

So that rolls into really the last three days of the month. That brings us up to Tuesday, which is the 27th is the day that we are supposed to receive our notifications.

Yep a week from today. starting after about three in the afternoon, Eastern Time, is what we're hearing from three separate sources.

Now if that's correct, then our call on next Tuesday, which would be our next big call is probably not going to happen. We get notified after three o'clock Eastern time. On Tuesday. We set our appointments for Wednesday, a start of  the 28th.

Then last day of the month is the 29th and we'll go right on through the end of the month. and we will have our new USTN  physical currency out by the 29th. if not a day or two sooner, That 27 – 28 - 29 is going to be a real interesting period for us to be notified on the afternoon of the 27 which is Tuesday, start exchanges on Wednesday, the 28th, and carry right on through and add the new USTN currency out and discuss, they will not say  that we're back on the gold standard

They  don't think it's necessary to announce that. But we are supposed to get some NESARA information announced to us starting last three days that would be actually from the 27th maybe all the way 28th 29th into the first of March.

And I really believe we're going to see the USN introduced to us, the USTN currency introduced between Friday the 29th and the first of March. In that time, we should be getting an introduction of it.

Now let's go talk about the what are we talking about now we've got the idea of the issue are we talking about now?

Alright – The R & R we’ve talked about – several months now -  the restitutional and reclamational  allowance is supposed to start a week after the USN is introduced. Let's say that would be approximately the sixth starting the second week in March.  Its not going to be the last week of  this month as we were told -  you know, a few days ago, but it is supposed to take place approximately one week after the USN is introduced or USTN is introduced which again is around the 29th the let's call that 29th

And the first of March and talk about this happening approximately a week later RNR the increases in Social Security from what I understand will take place in March and R & R  take place in March and maybe it starts that second week in March.

Don't hold me to it because that could change. it could be later in the month but as it is the information we got tonight from several sources strong they expect it to come out. So the banks that have not been Basel three compliant are being made to be Basel three compliant

And regarding the cell phone disruption this morning started around 4am This morning, throughout  different states of the country. There were seven states that were not banks are not Basel three compliant. - And they should have been but forces inthose states. Were just not getting it done and keeping it from getting done

Well you know what I say about  cleanup on aisle three – four and five - Yeah. this morning  that’s probably still going on.

And you don't really want  yeah - but they've done it in some cases, as you guys should know. There's any disruption and internet and cell service has usually  take place in order to facilitate the cleanup of isles 3 – 4 – 5 -  I can tell you most of the disruption was in the Northeast Anywhere from Virginia – Maryland  -  Delaware about and on up – about 7 or 8 states - so that's good news,  that that is happening.

So the banks will all be compliant by this weekend, or they will not be open for business. And they're doing what they can to get those banks compliant that have failed to get compliant under Basel three - because they have been held back by political forces in those states And I think you guys know what I mean.   So, that it was very interesting to find out about that today

Beyond that ……I think that’s all of the information I needed to get to you guys today. I'm excited. I'm excited about the fact we have a really good timeline - it does get us started before the end of the month.

And there's a lot to look forward to, you know, obviously, at the redemption centers, and also make sure that you know, and by the way, we don't really do rates but we know on the bank screens which we've got rates on front screens and back screens at the banks we also have raised on the front and back of the redemption centers.

Redemption center rates will be higher. There's no reason to go to a to a bank when you can set an appointment and go to the redemption center. and Zim holders have to go to redemption centers.

That's a must, must do. And we're looking forward to getting all this stuff going. And because we're going into redemption centers to redeem the zim and other bonds if you have a sheet bonds or box of bonds when you go in there you will be hydrating the banks with new USN -  that's where the newness will come in of the new USN.

 So all of our funds right now are safe and mirrored in the quantum financial system. All accounts are solid no money is going away. Anything  you have digitally we'll just switch over to a USN designation starting Monday or Tuesday.

So we're going to be doing the banks are doing this clearing of the banks now. The clearing of the bank accounts is all being transferred, cleared. Clearing the books is what they're calling it, clearing of the books and that means the old fiat money is going away. and the new USN is coming in. and we're covered completely in the quantum financial system.

All right. so let's do this. let's pray the call out. Let's have a great weekend. Let's look forward to what's coming our way Tuesday. and when we get to exchange this coming Wednesday. All right, so let's pray the call out …….

Bruce’s Big Call Dinar Intel Thursday Night 2-22-24   REPLAY LINK   Intel Begins  1:05:45

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Bruce’s Big Call Dinar Intel Tuesday Night 2-13-24   REPLAY LINK   Intel Begins   1:02:30

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Bruce’s Big Call Dinar Intel Thursday Night 2-15-24   REPLAY LINK   Intel Begins  1:29:29

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Bruce’s Big Call Dinar Intel Tuesday Night 2-13-24   REPLAY LINK   Intel Begins   1:05:25

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Bruce’s Big Call Dinar Intel Thursday Night 2-8-24   REPLAY LINK   Intel Begins  1:10:00

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Bruce’s Big Call Dinar Intel Tuesday Night 2-6-24   REPLAY LINK   Intel Begins   1:03:30

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Bruce’s Big Call Dinar Intel Thursday Night 1-25-24   REPLAY LINK   Intel Begins  1:04:40

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Bruce’s Big Call Dinar Intel Tuesday Night 1-30-24   REPLAY LINK   Intel Begins   1:07:37

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 Bruce’s Big Call Dinar Intel Thursday Night 1-25-24   REPLAY LINK   Intel Begins  1:09:09

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Bruce’s Big Call Dinar Intel Tuesday Night 1-23-24   REPLAY LINK   Intel Begins   1:07:37

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Bruce’s Big Call Dinar Intel Thursday Night 1-18-24   REPLAY LINK   Intel Begins  1:15:00

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Bruce’s Big Call Dinar Intel Tuesday Night 1-16-24   REPLAY LINK   Intel Begins   1:07:27

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Bruce’s Big Call Dinar Intel Thursday Night 1-11-24   REPLAY LINK   Intel Begins  1:17:37

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Bruce’s Big Call Dinar Intel Tuesday Night 1-9-24   REPLAY LINK   Intel Begins   1:14:04

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Goldilocks' Comments and Global Economic News Friday Evening 2-23-24

Goldilocks' Comments and Global Economic News Friday Evening 2-23-24

Good Evening Dinar Recaps,

Hong Kong Central Bank Announcement:

"On Tuesday, the Hong Kong Monetary Authority (HKMA) released an 11-page circular outlining its guidelines for tokenization and digital asset custody for institutions authorized in the region.

The recent guidance from the Hong Kong Monetary Authority (HKMA) supplements the licensing framework introduced last year, providing crypto exchanges with a clear pathway to operate under regulation."

Hong Kong has just recently been given the green light to move forward with their crypto and stablecoin regulations.

Do you remember the pilot program they were on to standardize and move forward with the digital versions of our foreign currency in their sandbox?

It will be important for us to watch as they advance forward with their new guidelines as it will pertain to monetary shifts in prices on the Forex Market.   Crypto Times

© Goldilocks

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Global Banking Announcement:

"In a move that underscores the evolving landscape of international finance, a consortium of leading banks, including BBVA, BofA Securities, ING, Mashreq, Morgan Stanley, and Standard Chartered Bank, has embarked on a pivotal mission. Authorized by an undisclosed bank, these financial titans are set to traverse continents, with meetings scheduled across Asia, Europe, and the United States on February 20, 2024. Their objective is clear yet complex: to assess the appetite of global investors for USD-denominated Basel III compliant Tier 2 notes, a critical component in strengthening the banks' capital structure."

Global Banks are currently preparing for Tier 2 Capital note exchanges under Basel 3 guidelines. Banks are accumulating these foreign currencies to support their banking structures.

What are Tier 2 Capital notes? These notes are designated as second or supplementary layers of a bank's capital. And, they are commonly known as revaluation reserves or foreign currencies.

What makes them revaluation reserves under Basel 3 guidelines is the expectation of an increase in their value due to the backing by gold. Many of the currencies that are coming back onto the market on the local level in countries around the world are being supported by gold reserves.

Basel 3 is what makes these newly reinstated currencies have the need to be repriced on the market offering a Level Playing Field with other currencies around the world. HO1 US  Investopedia BNN Breaking

All roads lead to gold, and gold will set us free.

© Goldilocks

~~~~~~~~~~

Don't be surprised if Artificial Intelligence doesn't move some of our timelines going forward closer than we would have seen it done without it.

© Goldilocks

~~~~~~~~~~

I may leave that article above out to stand alone today for some time. For those of you who still have doubts that this is going to happen, look closely at that article until you finally get it. It's already happening, but it wasn't a push of the button was it?

It always has been, is, and will be a process. One day, we will wake up to new price changes, and it will take us all by surprise.

Your best intel going forward may very well be traders who work these markets.

You know me by now, I do not want you to get too dependent on any intel provider. Watch for yourself rate changes on the  CBI.iq

© Goldilocks

~~~~~~~~~~

JPMorgan Chase chief Jamie Dimon cashed in about $150 million of his stock in the bank — the first time the head of the largest US lender has sold shares since taking charge in 2005.

Dimon, one of the longest-serving chief executives on Wall Street, unloaded 821,778 shares of JPMorgan, according to an SEC filing Thursday.
The selloff is part of a larger plan the bank revealed in an SEC filing in October to sell 1 million of the 8.6 million shares Dimon and his family own.

NY Post

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This Housing Market is Still Frozen | Wolf Street

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Iraq Economic News and Points to Ponder Friday Afternoon 2-23-24

Iraq Economic News and Points to Ponder Friday Afternoon 2-23-24

Tlm724 Administrator Bondlady’s Corner

Association Of Banks: Total Government Electronic Collections Amounted To More Than 418 Billion Dinars

 Economy    Yesterday, 18:34  Baghdad - INA - Wissam Al-Mulla  , today, Thursday, the Iraqi Private Banks Association announced statistics on the number of electronic payment cards and the total government collection, which  it confirmed amounted to more than 418 billion dinars, while indicating that there are 558 government agencies that have deployed electronic payment tools in their institutions.

 The Executive Director of the Iraqi Private Banks Association, Ali Tariq, said in a statement to the Iraqi News Agency (INA):

 “There is great interest and support from the Prime Minister to support the Iraqi economy through his support for the private sector,” indicating that “the launch of the electronic collection project comes as a translation of the vision and strategic objectives.” To develop the financial and banking sector in Iraq. 

He pointed out that “the number of employee cards in Emiratisation services until June 2023 amounted to (8,653,310),” noting that  “the number of cards issued (prepaid, debit, credit) until September 2023 amounted to 17,822,988.”

 He added, "There are 558 government agencies that have deployed electronic payment tools in their institutions," pointing out that "the total government electronic collection since the activation of the Council of Ministers' decision to publish electronic payment tools through 586,868 transactions amounted to 418,371,127,093 billion Iraqi dinars."".    https://www.ina.iq/203655--418-.html

Al-Sudani: Economic and banking reform is one of our most important priorities  

February 22 18:04 Information / Baghdad.  Prime Minister Muhammad Shiaa Al-Sudani confirmed on Thursday that the government has placed the issue of economic and banking reform among its most important priorities.

 Al-Sudani said in a statement received by Al-Maalouma on the sidelines of his meeting with Andrew Toure, the Regional President of Visa for Central and Eastern Europe, the Middle East and Africa, and his accompanying delegation,

“The government has placed the issue of economic and banking reform among its most important priorities, and  it seeks and welcomes cooperation in this field,” noting. To approve the electronic payment system in the Council of Ministers.

He praised, "the company's cooperation in expanding electronic payment technology and digital transformation, whether   through training workers in Iraq or by     contributing to education about the electronic payment process."

For his part, Andrew expressed “the desire to continue cooperation with the Central Bank of Iraq and all Iraqi banking sector institutions,” noting  “Visa’s interest in supporting the Iraqi government’s plans towards electronic payment and economic and banking reform, by  introducing advanced solutions and technologies to the market, as well as its   readiness to bring expertise, in addition to     employing more Iraqis in its office in Baghdad,  with the aim of reaching 500,000 acceptance points from electronic payment points of sale in Iraq.”  

https://almaalomah.me/news/56858/economy/السوداني:-الإصلاح-الاقتصادي-والمصرفي-من-أهم-أولوياتنا

Risk Management Process

 https://cbi.iq/static/uploads/news-170860002852481.jpg

February 22, 2024     :diamonds: Risk management process..For more, click here

https://cbi.iq/static/uploads/up/file-170859998090347.pdf

 https://cbi.iq/news/view/2518

A Journalist Reveals A Serious Issue Related To The Dismantling Of Industry In Iraq

 February 22, 2024 Last updated: February 22, 2024  The Independent/- Iraqi journalist Qusay Shafiq revealed a dangerous issue related to the dismantling of industry in Iraq.

 In a post on his Twitter account, Shafiq addressed the story of the modern paint factory, noting that

 the process of “blind, corrupt investment, especially the mixed sector, represents a serious problem affecting the national economy.”

 He referred to the experience of the Modern Paints Company, which was converted into an investment when the current Prime Minister, Muhammad Shiaa Al-Sudani, was Minister of Industry.

 “It is possible to understand how the situation deteriorated after it was converted into a corrupt investment!!” He explained that

 one of the main reasons for failure is the lack of investor commitment to implement the measures required to revive the company.

 Instead, the investor took advantage of the opportunity to make quick profits at the expense of the company's resources and infrastructure.

 Such as “selling the treasury and dismantling production lines,” which reflects exploitation that only serves the interests of the investor himself. He added,   “Warehouses and headquarters were rented to people with connections that raise suspicions about the existence of corrupt practices and abuse of influence.”

 He also continued,   “It failed to implement and monitor the agreement between the government and the investor, as  it did not provide sufficient mechanisms to ensure compliance with the investor’s obligations and monitor the proper use of resources.”

 The scenario to which the Modern Paints Company was subjected also appears, including the plundering, dismantling, and sale of state lands!” Shafiq concluded,

  “This case should be an important lesson for the government and concerned parties in implementing industrial and investment policies instead of mortgaging state factories and companies into the hands of corrupt investors who exploit the story of industrial development in corrupt partnership contracts with the government.”    https://mustaqila.com/اعلامي-يكشف-عن-موضوع-خطير-يتعلق-بتفكيك/

Is There Enough Time For The Sudanese Government To Get Out Of The “One-Rent” Prison?

     February 22 /Information/report..   After the major reconstruction campaign led by the Sudanese government in Baghdad and a number of Iraqi provinces,

this government began to develop a plan to multiply the country's revenues and remove it from the revenues of the single rent represented by oil.

 90 percent of Iraqi revenues depend on oil, which is the sole financier of the state treasury,  making federal budgets captive to the impact of the rise and fall of oil prices.

 The first sector with multiple revenues for the country is energy investment, especially the gas that Iraq loses from the oil extraction process.

 In this regard, the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, announced earlier the signing of “important” contracts for the investment of natural and associated gas, stressing that the  “neglect” of natural and associated gas has caused Iraq to lose many development opportunities.

He added,  "For many years, Iraq has depended on oil as a basic resource for the economy and money, and natural and associated gas were neglected, which caused us to lose many development opportunities, in addition to the environmental impacts associated with the oil industry."

He added,  "We have begun treatments to develop the oil industry and invest in neglected ones, and we have signed important contracts to invest in natural and associated gas," adding that  "the sixth round will be signed soon, which targets important areas of natural gas fields."

 He pointed out that  "investing in gas will end the waste of gas wealth that costs Iraq approximately 4 billion dollars annually," pointing out that they have placed the government's top priorities as "making room for the private sector and international companies, and providing facilities for them."

He stated that  oil "still represents a primary source of energy in the world, and has its importance in politics, economics, development, and the environment, and its importance to countries that depend on it, whether for production or consumption."

 The Iraqi Prime Minister stressed that the government “has paid attention, since its formation, to the energy file in all its details, most notably what relates to oil and natural and associated gas,” stressing

 cooperation with major companies in the field of energy, including the recent agreement with the French company Total, to achieve integration in energy investment.

 And make Iraq an active player in the gas market during the next few years.”

 He noted that  the world "is searching today for alternatives to traditional energy, and is moving towards alternative energy sources, which will be competitive with oil and gas within a few years," urging the necessity of "making plans to keep pace with global transformations toward alternative energy."

 Industry represents one of the most important sectors that provides the country with large, reliable financial resources that fill budget shortfalls.

 Economist Bassem Antoun called for attention to the industrial sector, because it could be an essential resource for any country. Antoine told Al-Maalouma,

  “The Sudanese government has begun to take good steps to revitalize the industrial sector by granting soft loans to industrialists.”

However, Antoine pointed out an important problem, which is the failure to implement laws and regulations in this regard, which contributed to the exit of a group of merchants who still stand as a barrier to prevent the implementation of these laws and legislations.

 In addition, a member of the Parliamentary Services Committee, MP Baqir Al-Saadi, revealed the government’s plans to revive the industrial sector. Al-Saadi told Al-Maalouma,

  “The Sudanese government has adopted a tripartite plan to revive Iraq’s largest industrial complexes in 9 governorates through investments, modernization of 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."

For her part, the representative for Dhi Qar Governorate, Ola Al-Nashi, announced that government approvals had been obtained to reactivate and develop four vital factories in the governorate. Al-Nashi told Al-Maalouma,

 “The approvals of the Ministry of Industry and Minerals were obtained to complete the industrial city file and connect it with electricity, to pay attention to the Nasiriyah Textile Factory and the Ur Company, to develop mechanisms for marketing their products, and to restart the Chibaish dairy factory.”

Although the Sudanese government has the intention to advance the industrial sector and other sectors, such as agriculture, this matter depends on the time that will reveal in the coming days giant projects that can provide the Iraqi budget with more funds. Ended / 25 AD

https://almaalomah.me/news/56822/economy/هل-يسعف-الوقت-حكومة-السوداني-للخروج-من-سجن-الريع-الواحد

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/ 

More News, Rumors and Opinions Fridday Afternoon 2-23-2024

KTFA:

Frank26:  "THIS SUBJECT IS ONLY BECAUSE THERE IS NO USD TO USE & THE 3 ZERO NOTES ARE WORTHLESS IN IRAQ. SO WHERE'S THE LIQUIDITY?... IN THE LOWER NOTES THAT ARE ABOUT TO BE INTRODUCED".........F26

Al-Alaq denies to Al-Iqtisad News the existence of a liquidity crisis in the Iraqi dinar

2/22/2024  Baghdad

The Governor of the Central Bank of Iraq, Ali Al-Alaq, denied reports that there was a problem in providing the dinar.

Al-Alaq said in his speech to Al-Iqtisad News, on the sidelines of the workshop on enhancing electronic government collection, organized by the Iraqi Private Banks Association, today, Thursday, that “everything that is being raised about a problem in providing the Iraqi dinar, or a liquidity crisis, is not true.”

He added that the Central Bank did not stop for a single moment in responding to the Ministry of Finance’s liquidity requests.   LINK

Frank26:  "ALL THE CBI MEETINGS AROUND THE WORLD... ONLY TALK ABOUT THE MONETARY REFORM OF IRAQ"........F26

The Central Bank of Iraq hosts a technical workshop for the General Council of Islamic Banks and Financial Institutions

February 20, 2024

The Central Bank of Iraq hosted a technical workshop on governance and compliance in Islamic banks and financial institutions, organized by the General Council of Islamic Banks and Financial Institutions.

The workshop, which was attended by a number of representatives of Islamic banks and financial institutions, regulatory bodies and supervisory authorities, and international organizations, discussed governance and compliance in Islamic banks and financial institutions, supervisory methodologies for continuity and development after crises, challenges of governance and compliance in Islamic finance, as well as risk management practices. 
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. 

For his part, Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad Khalaf, stressed that the success of the workshop underscores the growing importance of Islamic finance in Iraq, considering that “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, Dr. Abdul-Ilah 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 financial industry.” Islam in the region.

Central Bank of Iraq 
Information Office 
20 - February - 2024

https://cbi.iq/news/view/2516 

*******************

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

Frank26  This parallel market is going to shift down to the 1310, to quickly move to a goal of 1 to 1 rate inside of Iraq.  Between the 19th of this month and 29th...the WTO will be admitting 5 countries into the WTO.  I believe deep in my heart one of them will be the Iraqi dinar [Iraq?]

Mnt Goat  ...when it does finally come out on the global exchanges, like FOREX, the rate in Iraq will coincide to whatever the rates are on the global currency exchanges that you want to exchange the dinar to. The banks will then use FOREX...Once on FOREX, there will be currency exchange rates in Iraq and elsewhere according to the country’s currency you are exchanging it in. For instance, if you are in the United States you will exchange for USD. If you are in Germany you will exchange for Euros, etc.. etc...  There are no other rates. The Iraqi program rate will be gone. That whole temporary currency system will be gone.

CBI # sell, or the dollar to the real traveler

Nader:  2-23-2024

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

Gold & Silver Exchanges Being 'Bled Dry' and No One is Paying Attention: Andy Schectman

Commodity Culture:  2-23-2024

Andy Schectman explains how the major metals exchanges are being bled dry of both gold and silver, in a significant move towards higher precious metals prices that no one is paying attention to.

As the demand for physical gold and silver surges, the integrity of these exchanges is being questioned, raising concerns about the sustainability of the entire precious metals ecosystem.

Andy shines a light on the factors contributing to this unprecedented situation and explores its potential ramifications for investors and the broader financial landscape.

00:00 Introduction

00:42 Outlook on Gold Price

 05:09 BRICS and Dedollarization

11:32 Central Banks Front Running the Market

16:23 Catalysts for Silver

 23:37 Is the WEF Agenda Failing?

34:12 Collapse of the Dollar

https://www.youtube.com/watch?v=rlFjWDn7PT0

Ecocnomist's "News and Views" Friday 2-23-2024

The Coming ‘Bank Holiday' Is A Warning To Americans

Atlantis Report:  2-22-2024

The government calls a surprise bank holiday, shuts down the banks, and boom, your money is locked.

 These sudden closures, or bank holidays, are often followed by strict capital controls to prevent people from moving their money out of the country.

https://www.youtube.com/watch?v=aIE8Q6edSPs

U.S. Allies Downsizing Their Dollar Reserves

Taylor Kenny:  2-23-2023

In an exclusive interview with Tucker Carlson, President Vladimir Putin unveils the BRICS alliance's challenge to the US dollar hegemony

. Join ITM’s Taylor Kenney on a concise breakdown of this pivotal moment in global economics as she dissects Putin's take on how other nations pose a formidable threat to the existing US financial order.

CHAPTERS:

0:00 Putin Interview Breakdown

01:46 Nations Downsizing US Dollar

 02:30 Russia Currency Comparisons

 04:36 Putin On US Dollar Collapse

https://www.youtube.com/watch?v=ikL4XgBYemA

Argentina Economic STRIKES ERUPT, Milei Scolds EU Over Trade Breakdown & Dollar Crisis Worsens

Sean Foo:  2-23-2024

Argentina's economic crisis seems to be only getting from bad to worse.

Big economic strikes are erupting, and protests are getting worse as Milei's economic austerity accelerates. Inflation is expected to get worse and even a trade deal with the EU seems to be collapsing. Here's what you must know!

Timestamps & Chapters:

 0:00 Argentina Strikes Erupt

2:46 A Persistent Inflation Hell

5:46 Argentina EU Trade Breakdown

8:31 Milei's Dollar Crisis

10:45 Big Economic Contraction

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

Coffee with MarkZ and Michael Cottrell Friday 2-23-2024

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: It's Fri-yay! Happy birthday to those celebrating and prayers for those in need!

​​Member: Howdy Mark, Mods and RV crew Happy Friday!!

Member: RV there yeeeet?

Member: Is this our weekend Mark?

MZ: Boy I tell you….there is a bunch of people calling for today. I still think Iraq may have a sucker rate for a short bit…and then pull the trigger…To me that makes the most sense.

Member: If the sucker rate is 1 to 1…I am ok with it for sure.

Member: Rumor is some boards are showing a rate of $1. 38!

MZ: I have not seen that .

Member: MilitiaMan states that March 1st looks really good.

MZ: Well that is just 6 days away.

Member: Potential shutdown next week… figure that has to play in our favor

MZ: There are a lot of rumors that everything implodes next week.

Member:   Mark, rumors are the funnest part of the anticipation. What do you got? How’s the gut?

MZ: Lets start with a review of Iraq: “ Distributed for free-Al Sudani-Tomorrow the first batch of white oil will arrive in the region”  White oil is mineral oil to help agriculture and they are distributing it for free. They are trying to develop that sector and become self sufficient.

MZ: “Al Sudani discusses with the US ambassador the files of his upcoming visit to Washington”  We know the envoy arrived yesterday. Today could be a big day for us

MZ: “Al Sudani : We received a official letter from America regarding the scheduling the end of the international coalition’s mission” This is being discussed right now in Iraq- and over the weekend.

MZ: “Sudanese personalizes notes on the US sanctions: We will not abandon private sector banking”  They want free and uncontrolled banking so they can do business as a sovereign nation.

MZ: Long Read: “ The beginning for the end of the US dollar’s global dominance” by Robert H.Wade.  Talking about how quickly this is happening and how much longer he expects it to take. And the backlash from weoponizing the US dollar.

MZ: “US to target Russia with more sanctions”  It’s going to backfire….this is only going to hurt the US dollar and hasten the decline.

MZ: I have some IRS news coming from a number of IRS offices and the people attached to them. They have backed off from opening up new files and going after new individuals. Maybe they are focusing on mega billionaires right now or just because it’s an election year and they will go hard after everybody once the ballots are cast.

Member:  On the radio this morning there was a story about a house that got robbed and they stole jewelry and quadrillions in zim.

Member: We should be close now that some Whales have been rumored to be  paid

Member: 24th full moon…. New energy already here…. God won

Membere: We have a full moon this weekend, a lunar and solar eclipse all coming together… what a conjunction!

Member: Disclaimer: Duct tape does not fix stupid and does not stop big mouthed people from driving you nuts. Use only when the outcome will bring you peace…lol

Member: Everyone enjoy your Friday …….hoping for big news this weekend.

Mr. Cottrell and CBD Guru’s Join the stream today. Please listen to the replay for their opinions and information

​​THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

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.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=icNZMESMIRg

Iraqi Dinar Video Updates Friday AM 2-23-24

Iraqi Dinar Video Updates Friday AM 2-23-24

USD Exchange Rates Updates 2024/Iraqi Dinar News Today – 4:50

CBI’s sales surpass the $200 mn threshold2024 – 4:23

Iraqi dinar drops today 2024 – 4:01

CBI auctions 2024 / Iraqi Dinar RV - 4:37

 USD Exchange Rates Updates 2024/Iraqi Dinar News Today – 4:50

https://www.youtube.com/watch?v=V3MSCaCJ2HM&t=12s

CBI’s sales surpass the $200 mn threshold2024 – 4:23

https://www.youtube.com/watch?v=gJ9cWIzLQas

Iraqi dinar drops today 2024 – 4:01

https://www.youtube.com/watch?v=gzuSYTFr9Mk&t=7s

CBI auctions 2024 / Iraqi Dinar RV - 4:37

https://www.youtube.com/watch?v=d70-RjtX4PM

"Tidbits From TNT" Friday Morning 2-23-2024

TNT:

CandyKisses:  Parliamentary Finance: Funds for 2024 projects can only be released after Parliament votes on budget tables

Shafaq News / The Parliamentary Finance Committee confirmed  that it is not possible to disburse funds for new projects within the year 2024 until after Parliament votes on the current year's budget tables.

Committee member Jamal Kojar told Shafaq News Agency that "the 2023 budget continues to spend, while the 2024 budget needs tables to be voted on in the House of Representatives."

He added that "the new projects within the 2024 budget cannot be disbursed at the moment, as they need a parliamentary vote on the 2024 budget tables, and these tables have not been seen so far and have not reached us, and we hope to reach them soon."

It is noteworthy that the Iraqi Council of Representatives voted last year on a tripartite budget for the years (2023, 2024, 2025).

Tishwash:  Al-Sudani: The government has placed economic and banking reform among its most important priorities

Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Thursday, that the Iraqi government has placed economic and banking reform among its most important priorities, indicating its endeavor to welcome work in this field.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani received, this afternoon, Thursday, Andrew Toure, the regional president of Visa for Central and Eastern Europe, the Middle East and Africa, and his accompanying delegation.”

The Prime Minister stressed, according to the statement, that “the government has placed the issue of economic and banking reform among its most important priorities, and it seeks and welcomes cooperation in this field,” pointing to the approval of the electronic payment system in the Council of Ministers, praising the company’s cooperation in expanding electronic payment technology and digital transformation, Whether through training workers in Iraq or by contributing to education for the electronic payment process.”

For his part, the regional president of Visa expressed “the desire to continue cooperation with the Central Bank of Iraq and all Iraqi banking sector institutions,” noting that “Visa’s interest in supporting the Iraqi government’s plans towards electronic payment and economic and banking reform, by offering advanced solutions and technologies.” To the market, as well as its readiness to bring expertise, in addition to employing more Iraqis in its office in Baghdad, with the aim of reaching 500,000 acceptance points from points of sale for electronic payment in Iraq   link

************

Tishwash:  Washington restricts Iraq to the control of the Federal Reserve... manipulating the country’s capabilities and dominating financial sovereignty

With the principle of tightening the screws from all sides, the United States of America continues to manipulate Iraq’s vital capabilities from time to time, and in parallel with the important events that occur in the political, security and economic arena, given the dictatorship that Washington is implementing towards the country through the Federal Bank, and the delay in sending Iraq’s export funds. Oil for the purpose of causing a liquidity crisis that hinders the work of the government, especially the crisis of delayed release of recurring employee salaries as a result of; Reducing financial releases from America despite the increase in the country’s financial balance during the recent period, amid many calls for the government’s need to move towards achieving economic sovereignty and breaking American hegemony.  

*Financial sovereignty? 

Speaking about this file, a member of the House of Representatives, Thaer al-Jubouri, accuses the United States of America of controlling Iraq’s funds through the Federal Bank, while he stressed that Washington is creating pretexts to control a number of files.  

Al-Jubouri said, in an interview with the Maalouma Agency, that “America is trying to force the country to pay the price of solidarity with the Palestinian cause and a position against the Zionist entity,” pointing out that “achieving economic independence is extremely important for the development of the Iraqi economy.”  

He continues, "One of the reasons for the crisis of the rise in the parallel exchange rate of the dollar is the interventions of the US Federal Reserve, which takes decisions and imposes sanctions," adding that "America controls the rise and fall of the dollar price through many of the schemes it follows."  

Al-Jubouri concludes his speech by saying, "Washington is always trying to influence the government's steps that seek to achieve economic and military independence for the country," accusing "the United States of America of dominating Iraq's funds through the Federal World Bank."     

*Washington conspiracy? 

In addition, the economic expert, Nasser Al-Kinani, warned today, Thursday, of a plan to seize Iraqi oil money from the US Federal Bank, while revealing details of a conspiracy against the Iraqi economy. 

Al-Kanani said in an interview with the Maalouma Agency, “The sanctions imposed on Iraqi banks contributed to a liquidity crisis for the dollar in the local markets,” noting that “there are fears of stopping the export of money from selling oil to the country.”  

He continues, "The Federal Reserve's sanctions on Iraqi banks are intended to benefit the rest of the Arab banks that partner with Washington," pointing out that "the dominance of the United States of America over the Iraqi economy still continues until now."  

Al-Kanani added, "The United States of America has issued sanctions against 26 banks so far," considering that "the process of stopping these banks is unjustified and there are no reasons to take measures against them." 

 The United States of America continues to impose its influence on Iraq in many vital files, including the authority to deposit Iraqi oil sales funds in the US Federal Bank, amid clear blackmail to pass many files, or manipulate the dollar bill, which puts great pressure on the government. link

Mot:  My Guardian Angel Was YOUNG and Energetic when I started this TNT Journey... Now Look at Him !!!!!

He Started Out Sooo Positive !!

siiiiiggggghhhhhhh -- and Now!!!!

News, Rumors and Opinions Friday AM 2-23-2024

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 Fri. 23 Feb. 2024

Compiled Fri. 23 Feb. 2024 12:01 am EST by Judy Byington

Global Currency ResetL (RUMORS)

Thurs. 22 Feb. Wolverine: “I have been told by a good source that we may celebrating by as early as Fri. 23 Feb. There are some things I cannot tell you. It has started and I am just waiting for a call to release. My personal opinion is that we will get appointments next week. Bondholders need to get paid first and then currency holders. Historical bond holders will go last after the currency holders.”

Thurs. 22 Feb. TNT: “The RV date has been set.”

Thurs. 22 Feb. The new Iraqi Dinar Rate has been flashing on front screens of banks and the rate was rising in value, but the flashing rates showed it was not yet ready to exchange: https://youtu.be/rT7uB3iXvfQ?si=u80JlDT9NoomR_c2

~~~~~~~~~~

Thurs. 22 Feb. Wolverine:

It has been a long journey for all of us, some of us have been in this for 30 years. A person I know has been in this since the 1960s when she heard about this, more than 50 years ago. It boggles the mind how many years people have waited for this to happen.

We can’t get any info from Reno, Zurich or other platforms because everyone is under NDA and that is a good sign. No one is talking. I tried to talk to Whales and they are under NDA, and yes, they have been blessed.

I think there is not going to be an announcement, I think it is a process, I think people will just get paid, and they will sign an NDA, and then we will know about it. They will probably celebrate with their family and their platform. I do not think we will all celebrate together as we wanted to. 

I have been told by a good source that we may celebrate by tomorrow Fri. 23 Feb.

There are some things I cannot tell you. I know people are suffering, about to lose homes, living in cars, severe health issues, like me.

I want to let you know that it has started and I am just waiting for a call to release.

My personal opinion is that we will get appointments next week.

Bondholders need to get paid first and then currency holders. Historical bond holders will go last after the currency holders.

That is about it guys. It has been very stressful for me guys.  I am going to the Gold Coast. I can’t go today, due to a glitch in the system, but I will go tomorrow as I have been invited to a summit to be a guest speaker and will be back on Monday.   There is nothing more I can tell you. Take care guys, Wolverine.

~~~~~~~~~~

Thurs. 22 Feb. 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

Exchanging currencies is a non taxable event.

Under NESARA there will be a complete change in our tax system. There will be no federal income tax. We will go to a consumption tax for new items of around 14% to 15%. That tax will be embedded in the cost of items you buy.

Big Pharma and Insurance companies were taking a big hit in the Stock Market on Thurs. 22 Feb. and Fri. 23 Feb.

Sat. Sun. and Mon. 27, 28, 29 Feb. Banks were going through a clearing process where the USD will be replaced by the new gold/ asset-backed US Treasury Note. ATM machines will be down.

On Tues. 27 Feb. after 3 pm EST we are supposed to receive our notifications to set appointments beginning Wed. 28 Feb.

On Thurs. 29 Feb. the new UST Notes will be out.

Sometime between 27 Feb. through Thurs. 1 March NESARA would be introduced.

R&R payments were supposed to start a week after the USTN was introduced – or the second week in March 2024.

Increases in SS will take place in March 2024.

Banks in seven states were not Basel 3 compliant and that had to do with the cell phone outage on Thurs. 22 Feb.

All Banks will be compliant by this weekend or they will not be open for business.

Read full post here:  https://dinarchronicles.com/2024/02/23/restored-republic-via-a-gcr-update-as-of-february-23-2024/

************

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

Frank26    The U.S. dollar is going down in value this week, which means your currency [Iraqi dinar] is going to go up in value.  The only way for that to happen is with a new exchange rate and the lower notes to match it.  IMO you're going to see the dollar go up before it is finally removed and irradiated one last time...

Walkingstick  [Iraqi bank friend Aki update]  The training with the specimen sheets is a daily continuing thing...We don't know if it's going to be the DeLaRue machines or a completely different structured machine because the new security features on the new small lower notes are not recognizable on the old DeLaRue machines.  Aki is working with new sorting and counting machines [Not the new DeLaRue machines]...These machines [New DeLaRue] will only be used inside of Iraq.  Aki has no need for these machines...Chase's JP Morgan who buys and sell currency around the world would also have these new machines.

East Is Preparing For Major Shift | Alasdair Macleod

Liberty and Finance:  2-21-2024

The inflation problem is far from over, says Alasdair Macleod .The yields on U.S. Treasuries are insufficient for the risk of holding them, he notes.

 Many countries are moving away from the Dollar or US Treasuries, and into gold. "Things are getting weighted very heavily against the Dollar and the United States," he says.

INTERVIEW TIMELINE:

0:00 Intro

1:44 Geopolitical risks

 21:56 Dollar hegemony

32:45 Get out of credit

37:44 Macleod online

https://www.youtube.com/watch?v=KlZ0LoEkF00

Why The ‘Netflix’ Stock Of 100 Years Ago Fell By 98%

Why The ‘Netflix’ Stock Of 100 Years Ago Fell By 98%

Notes From the Field By Simon Black / James Hickman  February 21, 2024

[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]

On January 16, 1917-- at the peak of World War I, the imperial German Foreign Minister, Arthur Zimmerman, sent an encoded telegram destined for the President of Mexico.

Zimmerman wanted to form an alliance with Mexico, in the hopes that the United States would be too distracted with potential conflict at their southern border to even think about joining the war in Europe.

So, in his effort to strike a deal, Zimmerman promised not only a military alliance, but to help Mexico “reconquer her lost territories of Texas, New Mexico, and Arizona.”

Unfortunately for the German Empire, Zimmerman’s secret cable was intercepted and decoded by a British cryptography team; it was then shared with US President Woodrow Wilson, who released it to the newspapers on March 1st.

Americans were outraged, and five weeks later, the US joined the war… with the entire nation singularly focused on one goal: beating Germany.

The United States economy answered the call with remarkable vigor.

American businesses cranked out tanks, bullets, airplanes, fuel, provisions, and anything else needed for total victory. And as a result, companies which were vital to the war effort shot up in value.

The profits of the United States Steel Corporation, for example, more than quadrupled from 1915-1917, and the company became one of the first in history to be worth $1 billion.

Other companies, including Anaconda Copper, and various food and energy producers, also performed extremely well.

But eventually the war ended, and the roaring 20s began. The economy was flush with cash. Jobs were plentiful. Prosperity was everywhere.

And eventually the values of hard work and sacrifice were displaced by a culture of leisure and recreation.

These new values were reflected in the stock market.

Radio and motion picture were the hot new consumer technologies of that era. And the Radio Corporation of America-- RCA-- manufactured the radios and phonographs, produced music and records, owned broadcast stations (including the original NBC), and even bought movie theaters.

RCA was basically the Netflix and Apple of its day. And during the 1920s, RCA stock rose 200x… which was really a sign of the times. This was an era of peace and prosperity, so Americans prioritized consumption and recreation over production. And RCA was the ultimate consumer recreation stock.

But then the Great Depression set in at the end of the decade; RCA stock dropped 98% from a peak of $114.75 in 1929 to $2.62 in 1932.

Suddenly, American values had changed again. Money was no longer plentiful, and people had to make tough decisions about what to buy.

Hard work and sacrifice were back in vogue, and spending money on leisure and recreation seemed absolutely insane.

Once again, this shift in values was reflected in the stock market.

Recreation-oriented companies were out, while ‘boring’ companies like Proctor & Gamble-- which efficiently manufactured the most critical consumer staples-- became the best performers of the era.

Energy companies also did very well, because, when push comes to shove and consumers have to make decisions about where to allocate scarce resources, energy (along with food) almost invariably ranks towards the top.

This cycle has repeated again and again throughout history. During boom times, the world’s most critical resources like food, energy, and raw materials often become forgotten investments. Meanwhile, investors chase hot fads which are usually oriented towards consumer leisure and recreation.

We’ve seen this in our own recent history.

Netflix is a great example; it’s often (hilariously) referred to as a technology company. But Netflix is obviously in the recreation business.

So is Facebook (Meta) for that matter, whose products really just enable people to waste time by swiping and scrolling through endless butt selfies.

Apple designs the devices which people use to swipe and scroll. Amazon makes it super easy for people to spend money on stuff they don’t really need.

You get the idea. These are ultimately consumer recreation businesses... and there’s nothing wrong with that. But it is worth noting that the most valuable companies in the world are predominantly in this consumer recreation sector.

That’s because most of the last 15 years has been an era of abundance, similar to the Roaring 20s. And with so much boundless prosperity, consumer recreation once again became a major financial priority, whereas something as banal as energy production simply fell off the list of core economic values.

Think about it: we constantly hear famous economists praise the “American Consumer”. No one ever talks about the American Producer. And certainly not the American Energy Producer.

But values can and do shift very quickly. Just look at Pfizer.

As recently as 2019, Big Pharma had been among the most hated sectors in the world due to sky-high drug prices. But then the pandemic came along, and suddenly everyone started exuberantly supporting Big Pharma.

Priorities shifted. And Pfizer became one of the world’s most valuable companies.

I believe that priorities are on track to shift again, given how the US government’s massive debt problems will likely lead to sustained inflation within the next 5-7 years (if not sooner).

And as financial values and priorities shift, critical resources should take precedence over consumer recreation once again.

This doesn’t mean that consumer businesses will go bust. However, the sky-high valuations that we’ve seen (like 50x Price/Earnings ratios) for recreation-oriented businesses will not last.

Conversely, critical resource businesses will likely surge in value.

These are companies which have been mostly ignored (or even deliberately injured) ... which means that many such businesses are selling for historically low valuations.

But over the next several years as priorities shift again, they could easily become the ‘must own’, best performing companies in the world.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/why-the-netflix-stock-of-100-years-ago-fell-by-98-150163/