Evening News with MarkZ and Dr. Scott Young. 05/02/2024

Evening News with MarkZ and Dr. Scott Young. 05/02/2024

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

MarkZ: Dr. Scott Young and I take questions on what to expect when we finally get to the finish line.

Please listen to the replay for all the details and entire stream.

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=1OHkoO-VA3Y

Iraq Economic News and Points to Ponder Thursday Afternoon 5-2-24

Iraq Economic News and Points to Ponder Thursday Afternoon 5-2-24

His Financial Advisor: The Dollar Exchange Rate In The Parallel Market Is Gradually Approaching The Official One

Economy | 02/05/2024   Mawazine News – Baghdad   Today, Thursday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one.

Saleh said to the official agency, followed by Mawazine News, that “calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments, and not in an economy in which the rentier government sector is dominant and generates currency reserves.”

Foreign currency, as the monetary authority alone is the main source of supply of foreign currency that meets the desired demand for foreign exchange in the money market, to provide stability in this market and achieve a desired and homogeneous exchange rate through the interventionist role played by monetary policy.

He added, "Claims for flotation mean in all cases adopting the prevailing exchange rate in the parallel market to achieve the goal of stability and balance in the official exchange rate itself at a new point reached by the market at the end of the supposed flotation policy and returning to stability again. Also, the flotation scenario means in all cases the withdrawal of the authority."

Cash from being an essential central supply of foreign currency, to be replaced by new forces supplying foreign currency from free market makers, which only have a weak, limited supply of foreign exchange, and at the same time they carry an uncontrolled package of inflationary expectations and are called in economic literature the forces generating expectations. "inflationary".

He continued, "The hypothetical new supply forces for foreign exchange adopted by the exchange market in that scenario will mean the dominance of supply forces from speculators with very limited quantities of foreign exchange available for supply in the parallel market, matched by an open demand for foreign currency on the part of the market that undoubtedly exceeds that limited parallel supply."

of foreign exchange, perhaps by more than 10 times at least in our estimation, and such a policy of floating to achieve a homogeneous equilibrium exchange rate would be an open and perhaps unruly situation, as long as the central government supply of foreign currency would be absent from the market, and we would not then obtain any equilibrium point in the exchange rate.

An exchange rate that is sought to float except with a widespread deterioration of the exchange rate as long as it is controlled by forces that generate inflationary expectations, as we noted in a highly unilateral rentier economy, and it is an exchange rate whose mechanisms will move in a market that is incomplete in terms of production in its compensation for the required supply of goods and services.

Saleh warned, “Then no one knows how much the new exchange rate resulting from the flotation will be, which will undoubtedly be accompanied by a prior wave of inflationary expectations, which is a dangerous wave whose directions are difficult to control, which may force monetary policy according to this floating scenario by intervening with foreign reserves.”

It is an unjustified extravagance in foreign exchange to impose a state of stability in the general level of prices again, just to adopt it when exchange rates reach low rates, and no one knows how much they will reach.”

He pointed out that "the difference in the two prices currently, in which the parallel market is gradually approaching the official market, did not come about due to the short supply of foreign exchange at the Monetary Authority, but rather came about due to a sudden external factor imposed by the compliance platform and administrative audit restrictions on external transfer movements, which is a matter related to the deficit in the authority's reserves."

Cash is about bringing the two prices closer in light of a very high level of foreign reserves. The commercial efficiency of those reserves is the highest in Iraq’s financial history, and they are covered in foreign currency that touches more than 16 months of imports compared to the global standard of three months of imports.   https://www.mawazin.net/Details.aspx?jimare=247171

Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget

Economy | - 05/02/2024  Mawazine News - Baghdad,  Deputy Chairman of the Parliamentary Planning Committee, Muhammad Karim, confirmed today, Thursday, that the current year’s budget will proceed after completing the changes in its schedules for allocations for governorate and ministries projects only.

Karim told Mawazine News, “The exchange rate of the dollar, the barrel of oil, and the quantity exported will remain the same according to what was proven in last year’s budget.”

He pointed out that "the tripartite budget approved by the Sudanese government and approved by the House of Representatives allowed the government to make changes and amendments imposed by force after the parliament's vote."

He pointed out that "the changes to the schedules will include projects of ministries and governorates in accordance with the requirements of the government program." https://www.mawazin.net/Details.aspx?jimare=247191

Al-Sudani And The American Ambassador Discuss Following Up On The Work Of The Committee To Activate The Strategic Framework Agreement

Sports | - 02/05/2024   Mawazine News – Baghdad   Prime Minister Muhammad Shiaa Al-Sudani discussed, today, Thursday, the US Ambassador Alina Romanowski, following up on the work of the Committee to Activate the Strategic Framework Agreement.

The Prime Minister's Media Office stated in a statement, received by Mawazine News, that "Prime Minister Muhammad Shiaa Al-Sudani received, this evening, Thursday, the American Ambassador to Iraq, Alina Romanowski."

The statement added, "During the meeting, bilateral relations in various fields and files were reviewed and discussed, and the understandings and memoranda of understanding included in the Prime Minister's visit to the United States related to aspects of energy, trade, and others, and the follow-up of their implementation."

The statement continued, "The meeting also discussed the foundations for transitioning bilateral relations between the two countries, to include multiple fields, and following up on the work of the coordinating committee for activating the strategic framework agreement, which includes broad stages of joint cooperation for the benefit of the Iraqi and American peoples."

https://www.mawazin.net/Details.aspx?jimare=247212

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

Provoking Thoughts and Points To Ponder On Conviction and Belief:

A belief is not merely an idea the mind possesses; it is an idea that possesses the mind.  - Robert Bolton

Every man who attacks my belief diminishes in some degree my confidence in it, and therefore makes me uneasy, and I am angry with him who makes me uneasy.  - Samuel Johnson

Penetrating so many secrets, we cease to believe in the unknowable. But there it sits nevertheless, calmly licking its chops.  - H. L. Mencken

Believe not your own brother - believe, instead, your own blind eye.  - Russian proverb

Whether you are really right or not doesn't matter; it's the belief that counts.  - Robertson Davies

I love an opposition that has convictions.  - Frederick the Great

http://famousquotesandauthors.com/topics/conviction_and_belief_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Iraqi Dinar Video Update Thursday Afternoon 5-2-24

 Iraqi Dinar Video Update Thursday Afternoon 5-2-24

Iraqi Dinar And Vietnam Dong Latest Exchange Rate – 3:35

Wells Fargo Confirmed IQD Revaluation – 4:26

Something Big Happening  - 3:20

Iraqi Dinar And Vietnam Dong Latest Exchange Rate – 3:35

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

Wells Fargo Confirmed IQD Revaluation – 4:26

https://www.youtube.com/watch?v=tHJCg21-ARU 

Something Big Happening – 3:20

https://www.youtube.com/watch?v=ltfk7ik6c2Y

Goldilocks' Comments and Global Economic News Thursday Evening 5-2-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-2-24

Good Evening Dinar Recaps,

Advisor to the Prime Minister, Amer Al-Adad, confirmed that Al-Sudani succeeded in digital transfer in banks.

Al-Adad said, in a televised interview followed by Mawazine News, that “the Sudanese government is currently working on developing our proposal to form private “digital banks” that will do the work of government banks, in addition to many proposals to advance the Iraqi banking reality.”

He added, "The "knowledge economy" project developed by the government of Muhammad Shiaa Al-Sudani depends on information technology and cybersecurity, pointing out that government banks have problems in systems, governance, and human resources."

He pointed out that "the current government is working to train employees on the ASYCUDA system at the ports in order to increase the employees' expertise and ease of work, stressing that Sudanese has many reforms, including digital transformation in banks.     Search4Dinar

~~~~~~~~~

Iraqi Banks go Digital:

"His advisor: Al-Sudani succeeded in digital transfer in banks"

This is really good news for our investment. The Iraqi banks are now capable of digital transfers. When Iraq regulates their digital economy after MICA is finished (5-28-24) and Stablecoins become law on June 30th, 2024, we will begin looking toward credit valuation adjustments across the globe.

The difference this time around is that Iraq will be included. We still have to see what that means when we get to Q3. There will be many assets being refactored into the new economy after these dates. Mawazine News

© Goldilocks

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“AI Day” Agenda Announced for May 2 CFTC Technology Advisory Committee Meeting | CFTC

~~~~~~~~~

BRICS Announcement:

"According to Anatoly Aksakov, Chairman of the Russian State Duma Financial Market Committee, talks on how the new currency will work have started and an agreement may be reached by the end of this year."

The plan is for this currency to be supported by gold, various precious metals, and other assets.

The purpose is for the BRICS Nations to be able to trade with one another and no longer have to deal with US sanctions on their currencies.   VOI

© Goldilocks
~~~~~~~~~

"The coming months will probably see financial institutions such as sovereign wealth funds, pension funds, and endowments start to trade in the spot ETFs, Mitchnick said in an interview."

Institutional money is beginning to trade within spot Bitcoin ETF. This will provide continuous liquidity and a use-case scenario for Bitcoin. The days of Bitcoin going to zero are fading away rapidly.

This will provide a use case scenario for Bitcoin and solidify a foundational framework for the new digital economy to expand from going forward.   CoinDesk   Investopedia

© Goldilocks
~~~~~~~~~

Institutional money is beginning to come into the new Digital Economy.

© Goldilocks

~~~~~~~~~

We are currently witnessing the beginning stages of institutional money providing liquidity for a new digital infrastructure.

At the same time, there is a move to provide a regulatory process for our new tokenized assets. The ability to pay for these new tokenized assets will come with the new Stablecoin law.

We are witnessing some of the final touches being placed on the new QFS.

© Goldilocks

~~~~~~~~~

OKX Partners with Bitcoin Asia to Offer Bitcoin Ordinal Ticketing for Flagship Conference in Hong Kong | FinTech Futures

~~~~~~~~~

Japan is one of the most active jurisdictions for tokenization and digital securities. Today the Tokyo Metropolitan Government announced a subsidy for security token issuances. | Ledger Insights
~~~~~~~~~

The European Sting is Your democratic, independent, and top-quality political newspaper specialized in European Union News. Unique Features: iSting & Harry StingThe European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - European sting.comEU and Japan advance joint work on digital identity, semiconductors, artificial intelligence. European Sting

~~~~~~~~~

EBRD launches new digital transformation facility with TEB loan | EBRD

~~~~~~~~~

CNBC,

Stress Tests Reveal Hundreds of U.S. Banks at Risk Due to Loans and Rate Hikes Hundreds of small and regional banks in the U.S. are under financial stress, with 282 facing significant risks from commercial real estate loans and the effects of higher interest rates.

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Oh Deary, Where Did my Rate Cuts Go? Fed’s Wait-and-See Now Entrenched? And Suddenly Lots of Talk about “Rate Hikes” | Wolf Street

~~~~~~~~~

Still, dozens of small banks merged into larger ones as lenders on both sides of deals pursued scale to better manage costs, diversify business lines and expand geographically. Banks announced 99 M&A transactions in 2023 , according to updated S&P Global Market Intelligence data.   Mar 15, 2024  |  American Banker

👆 Do you remember over 3 years ago when we first started our journey together talking about Bank Mergers, and how, we would see this near the end game?
~~~~~~~~~

What happens when your banks are betting on your wealth? | Youtube

~~~~~~~~~

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Thank you Dinar Recaps

KTFA Thurs. Night CC: FRANK26…..5-2-24……..SALEH TALKS TO CITIZENS!!!

KTFA

Thursday Evening Conference Call

FRANK26…..5-2-24……..SALEH TALKS TO CITIZENS!!!

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=S5CuOx05AJI

Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom

TNT:

Tishwash:  Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom

By Joshua Goodman

A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election.

LNG Energy Group is a publicly traded company listed in Canada that produces natural gas in Colombia. It was created last year as a result of a merger with a company owned by Rod Lewis, a legendary Texas wildcatter who Forbes Magazine once called the “only gringo allowed to drill in Mexico.”

FILE - A sculpture of a hand holding an oil well stands by the state-run oil company Petroleos de Venezuela S.A. (PDVSA), behind, in Caracas, Venezuela, Tuesday, March 21 2023. (AP Photo/Ariana Cubillos, File)

As part of the deal announced Wednesday, LNG was awarded contracts by state-run PDVSA to take over production and develop two oil fields in eastern Venezuela that currently produce about 3,000 barrels of crude per day.

LNG said the deal was executed within the framework of sanctions relief announced by the U.S. government last year in support of an agreement between President Nicolas Maduro and his opponents to hold a competitive presidential election this year. Last week, the Biden administration reimposed sanctions as hopes for a democratic opening in Venezuela fade.

However, the White House left open the possibility for companies to apply for licenses exempting them from the restrictions, something that could attract investment to a country sitting atop the world’s largest petroleum reserves at a time of growing concerns about energy supplies in the wake of Russia’s invasion of Ukraine.

Other than Chevron, which has operated in Venezuela for a century and was awarded its own license in 2022, few American companies have been looking to make major capital investments in the high risk South American country in recent years because of concerns about government seizure, U.S. sanctions and corruption.

“This will be a test of U.S. sanctions whether they get a license or not,” said Francisco Monaldi, an expert on Latin American energy policy at Rice University’s Baker Institute. 

LNG said in a statement that it “intends to operate in full compliance with the applicable sanctions” but declined further comment

Lewis, who Forbes estimates has a net worth of $1.1 billion, struck it rich in the 1980s as a wildcatter drilling for natural gas near his home in Laredo, Texas. His company, Lewis Energy Group, was the state’s fourth biggest natural gas producer last year.

In 2004, Lewis was awarded a contract by Mexico’s tightly controlled energy industry covering almost 100,000 acres (400 square kilometers) just across the border from his south Texas facility. He started investing in Colombia in 2003.

In October, the U.S. granted Maduro’s government relief from sanctions on its state-run oil, gas and mining sectors after it agreed to work with members of the opposition to hold a free and competitive presidential election this year.

While Maduro went on to schedule an election for July and invite international observers to monitor voting, his inner circle has used the ruling party’s total control over Venezuela’s institutions to undermine the agreement. Actions include blocking his main rival, ex lawmaker Maria Corina Machado, from registering her candidacy or that of a designated alternative. Numerous government critics have also been jailed over the past six months, including several of Machado’s aides.  link

More News, Rumors and Opinions Thursday Afternoon 5-2-2024

KTFA:

Clare: The Central Bank of Iraq organizes a celebration on the occasion of Financial Inclusion Week

May 02, 2024

The Financial Inclusion Department at the Central Bank of Iraq organized a celebration on the occasion of Financial Inclusion Week in Iraq.

The celebration reviewed the efforts of the Central Bank of Iraq in promoting and achieving the ideal environment for the success of financial inclusion in Iraq, encouraging savings and spreading banking culture.

His Excellency the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, confirmed on the sidelines of the celebration that the steps achieved in financial inclusion that were accomplished today are accelerating and can close the gap that occurred during the past years as a result of the circumstances that Iraq went through

His Excellency stated that the bank has ongoing meetings with the Iraqi government to expand the customer base in electronic payment methods and enhance financial inclusion, as we see a great response from various state institutions in the context of expanding the financial and banking culture in Iraq.

His Excellency believed that the factors that lead to the success and expansion of the role of financial inclusion are the citizen’s confidence in the institutions and tools available to him, as well as his vision of his interest in using them.

He continued, that the Central Bank has become at the forefront of global central banks using various financial technologies that provide speed and accuracy, revealing at the same time that the bank has received large preparations to establish digital banks and the relevant departments are working on the possibility of granting them a license to carry out their work in accordance with the controls and instructions issued by the bank.
His Excellency noted the “Riyada” Bank project, which will be an important project as we are in the advanced stages of establishing the bank and will constitute a qualitative leap in supporting and financing small and medium enterprises and providing job opportunities for wide segments of society. It will also have branches throughout Iraq.

It is noteworthy that the Financial Inclusion Department organized many different events in the capital, Baghdad, and other governorates within the Financial Inclusion Week in Iraq, which began on April 27 and continued until May 2 of the current year.

Central Bank of Iraq
Information Office
2 - May – 2024    LINK

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

Clare: The Sudanese advisor points out that the dollar exchange rate in the parallel market is close to the official one

5/2/2024

Today, Thursday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, explained the dangers of the exchange rate fluctuations if demands to float the dinar are met, stressing that the dollar exchange rate in the parallel market is gradually approaching the official one.

 Saleh explained that calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments.

He pointed out that the monetary authority alone is the main source of supply of foreign currency that meets the desired demand for foreign exchange in the money market, indicating that the floating scenario means in all cases adopting the prevailing exchange rate in the parallel market in order to achieve the goal of stability and balance in the official exchange rate.

Saleh warned that floating the dinar would mean the withdrawal of the monetary authority from being a primary central supplier of foreign currency, which would lead to the dominance of limited supply forces of foreign exchange in the parallel market. He stressed that this scenario might create a wave of inflationary expectations, which would force monetary policy. To intervene with foreign reserves to impose a state of stability in the general level of prices.

He pointed out that the difference between the exchange rate in the parallel market and the official one currently came as a result of the inability of the authority’s monetary reserves to bring the two prices closer together, warning that the new exchange rate resulting from the flotation may cause a wave of inflationary expectations, which makes monetary policy intervene with foreign reserves to preserve On price stability.    LINK

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

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

Militia Man  Everything is falling in line for Iraq to go international.  You haven't see the salaries paid yet...you haven't seen the oil start pumping yet into Turkey...Why?  Because they haven't shown us or exposed an international real effective exchange rate.  That's my view on it.

Frank26   [Iraq boots-on-the-ground report]   FIREFLY: Some guy on television talking about advantages that we as Iraqi citizens are going to have with a fixed exchange rate pegged to a stronger currency.  He says Iraq now has a soft peg and...the float is not necessarily as a fixed rate... FRANK:  The monetary reform education is explaining the reason why you don't need a basket...They are also expressing you don't need a float.  That's because your reserves are so powerful...But IMO the float will occur because it needs to reach the real effective exchange rate of your currency on an International level.  They are also trying to explain to you you do not need to be pegged to any currency, not even the dollar.

This good news now lest talk about

Nader: 5-2-2024

https://www.youtube.com/watch?v=pDw8yGJ4etg

LIVE! US ECONOMIC DEATH SPIRAL WORSENS...MORE WARNINGS ON BANKING SYSTEM MELTDOWN.

Greeg Mannarino:  5-2-2024

https://www.youtube.com/watch?v=plYPia_8jAE

Iraq Economic News and Points to Ponder Thursday AM 5-2-24

Iraq Economic News and Points to Ponder Thursday AM 5-2-24

An Economic Planner Is Trying To Normalize Iraq... And Jordanian Banks Are Taking Care Of It

  May 1 Information/Report..   Despite the sanctions affecting more than thirty Iraqi banks, the government did not work hard to lift the sanctions against them and is trying to replace them with Jordanian banks that arouse suspicion and suspicion because of their owners.

 Four Jordanian banks were pushed by America into Iraq in an attempt to control the Iraqi economy from Another chapter on the government's unconsciousness and duplicity regarding the Central Bank of Iraq's dealings with granting licenses to foreign banks on the one hand and punishing local banks on the other hand.

Experts' concerns indicate

   complete control over banking and the benefit of the Jordanian economy at the expense of Iraq, and

   American hegemony over the Iraqi economy may appear in a new form.

 *An American game. 

 Speaking more about this file, the representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, revealed the existence of an American game to change the facade of banking in Iraq by pushing Jordanian banks into the arena. 

Al-Baldawi says,   “America is trying to change its approach to controlling the Iraqi economy by imposing sanctions on Iraqi banks and introducing Jordanian banks, which is planned,” noting that

 “attention must be paid to the suspicious role that America is playing in trying to control the Iraqi banking sector and hold it hostage.” With external banks.  He adds,

 “This game goes towards matching the visions of the Jordanian and American authorities,” noting that

 one of the banks is owned by a person of Zionist origins. Lifting sanctions on Iraqi banks by the American side.”

 An economic planner is trying to normalize Iraq... and Jordanian banks are taking care of it Clip_image002 https://media.almaalomah.me/archive/image/2024/5/1/4c6de8cd-feef-44ab-b616-796fa3f04139.jpg?preset=w750

 Central Bank Duplication*

 In addition, economic expert Ahmed Abd Rabbo confirmed that the Central Bank of Iraq works duplicatively in granting licenses to foreign banks and imposing sanctions on Iraqi banks.

 Abd Rabbo said in a statement to the “Al-Ma’louma” agency,

 “The work of the Central Bank of Iraq carries a great deal of duality between local and foreign banks, especially Jordanian ones,” noting that

 the Central Bank granted licenses to four Jordanian banks: Housing, Jordan, Al-Ittihad, and Al-Arabi.”  He continues,

 "Granting licenses to these banks means losing control over the banking business in Iraq," stressing that

 "Jordanian banks swallow up Iraqi banks while local banks face American sanctions."  Abd Rabbo continues his speech:

 “The management of the Central Bank has not succeeded in dealing with this important file, and it may pose a threat to the Iraqi economy,” pointing out,

“We have repeatedly called for changing the governor of the Central Bank of Iraq, but to no avail.”

 Specialists believe that the economic file cannot be handed over in this way, as

 it is a sovereign matter that affects the security and economy of the state, with the invasion and penetration of these banks into the economy in a large way that may make the Iraqi economy hostage to the Jordanian banks.

It is noteworthy that America imposed sanctions on 34 Iraqi banks in order to limit the Iraqi economy, and pushed the entry of Jordanian banks, which numbered four banks, into Iraq to fully control the Iraqi economy amid the negligence of the Iraqi government. Ended 25\c

 https://almaalomah.me/news/63233/economy/مخطط-اقتصادي-يحاول-تطبيع-العراق-والمصارف-الأردنية-تتكفل-بالأ   

“Hidden Hands"... An Expert Diagnoses A Strange Growth In The Profits Of Banks Owned By Non-Iraqis

  May 1 Information / Baghdad.. The economic philanthropist, Manar Al-Obaidi, on Wednesday reported a “strange growth” in the profits of banks owned by non-Iraqis, warning of “hidden hands” behind it.

 Al-Obaidi said in a publication seen by “The Information” that

 “the profits of banks owned by non-Iraqi parties, according to the first quarter data, show significant growth and numbers that are strange for any sector,” wondering,

 “Is it normal for any project to achieve annual profits amounting to 100% of the capital while Other banks are suffering, and

 is it normal for a bank whose maximum profits in previous years did not exceed the barrier of 10 billion dinars as a maximum amounting to more than 300 billion Iraqi dinars within a year?”  He added,

 "It was a true success story based on free competition without external interference.

 Of course, we are with it, but we fear that there are hidden hands that intended to make these particular banks achieve profits without others," noting that

 "one of the banks' expected net profit in 2024 will be 100%." % of its capital and the amount of cash credit granted by it does not exceed 2% of its total assets. Ended/25 hours  

 https://almaalomah.me/news/63210/economy/أياد-خفية-خبير-يشخص-نموا-غريبا-في-أرباح-البنوك-المملوكة-لغير   

The “Deep State” In Iraq: A Struggle For Power In Light Of A Network Of Corruption And Influence

 Deep state conflicts in Iraq: The assassination of “Umm Fahd” reveals the depth of the crisis

 May 1, 2024Last updated: May 1, 2024

 The Independent/- Baghdad is experiencing heated conflicts between the parties of the “deep state” since the return of Prime Minister Muhammad Shiaa Al-Sudani from his last visit to Washington.

 Political sources indicate that these conflicts are due to fears about the results of the visit, which some pro-Iranian parties saw as a “departure from the agreed upon text.”

 Disagreements over American agreements:

 Al-Sudani's opponents believe that the agreements he concluded with American entities and companies constitute a loss to Iran, which enjoys the largest share of the Iraqi economy's returns.

 Information indicates that these differences have begun to surface after disagreements emerged within the “coordination framework” against the backdrop of the latest elections for the governorate councils and the election of a new speaker of parliament.

 Possible “bone fracture”:

Observers expect that the escalation of these conflicts will lead to unexpected “bone-breaking” operations, especially after two separate incidents that occurred last week:

Drone attack on the Kormor gas field in Sulaymaniyah: It is believed that this attack, which led to the death of several workers and the disruption of electrical power in large areas of the region, is a message from Iran’s pro-government militias that Iraq will not be able to end its import of Iranian gas.

  Assassination of an influential social media figure: It is believed that the assassination of “Umm Fahd,” a person close to senior officers and prominent military and security figures, carries special political messages at this time.

 “Umm Fahd” black box:

 Before her death, Umm Fahd threatened to reveal “files that would collapse the political process and the military establishment.”

 Many observers believe that it represents a “black box” that contains everything that those in power fear.

 The Deep State: A Network of Corruption and Influence:

 The deep state in Iraq is not limited to militias and mafia men, but also includes political, active, and even religious figures.

 This network controls important aspects of the country from behind the scenes, and has external links as well.

 Iraq: a model of a failed state:

 Due to the control of the deep state, Iraq has turned into a model of a failed state that has nothing to do with it.

 The leaders of this network use the method of physical elimination of those who pose a threat to it, as happened with “Umm Fahd.”

Future: Skilled surgeons for major surgery:

Iraq needs a “major surgery” performed by “skilled surgeons” to treat its incurable diseases.

 But it seems that the current players are not qualified to fix what was corrupted by the past twenty years.    https://mustaqila.com/الدولة-العميقة-في-العراق-صراع-على-الس/   

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

Provoking Thoughts and Points To Ponder On Conviction and Belief:

What is dangerous about extremists is not that they are extreme, but that they are intolerant. The evil is not what they say about their cause, but what they say about their opponents.  - Robert F. Kennedy

It is a perplexing and unpleasant truth that when men already have 'something worth fighting for', they do not feel like fighting.  - Eric Hoffer

Martyrdom has always been a proof of the intensity, never of the correctness of a belief.  - Arthur Schnitzler

Belief is better than anything else, and it is best when rapt - above paying its respects to anybody's doubt whatsoever.  - Robert Frost

The peak of tolerance is most readily achieved by those who are not burdened with convictions.  - Alexander Chase

http://famousquotesandauthors.com/topics/conviction_and_belief_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Iraqi Dinar Video Update Thursday AM 5-2-24

Iraqi Dinar Video Update Thursday AM 5-2-24

Finally CBI Released New IQD Rate – 3:20

This Is Good News For IQD Holder's – 3:18

Good News World Bank Announce IQD New Rate – 3:03

Finally Chase Bank JP Morgan Take Action IQD RV – 3:26

 Finally CBI Released New IQD Rate – 3:20

https://www.youtube.com/watch?v=hGJ9TIa59F4

This Is Good News For IQD Holder's – 3:18

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

Good News World Bank Announce IQD New Rate – 3:03

https://www.youtube.com/watch?v=npzSUz1sKxI

Finally Chase Bank JP Morgan Take Action IQD RV – 3:26

https://www.youtube.com/watch?v=eGFq4SlkJp8

Economist’s “News and Views” Thursday 5-2-2024

BRICS CBDC Rolled Over: Is the US Dollar Come to an end?

Fastepo:  5-1-2024

In 2024, the BRICS nations have made significant strides in the development and implementation of Central Bank Digital Currencies (CBDCs).

These efforts are part of a broader strategy to enhance their financial autonomy and reduce dependency on the US dollar for global trade.

 Each BRICS nation is at various stages of CBDC exploration and deployment which we discuss in this video.

https://www.youtube.com/watch?v=3agjSwkm6ZQ

Black Swan Event Is About To CRUSH The U.S. Economy

Atlantis Report:  5-2-2024

There is a growing sense of unease among the influential people in the United States. Rumors of an upcoming economic disaster have intensified to the point of being overwhelming.

 Recent fluctuations in the value of the U.S. dollar have caused a lot of anxiety among investors and policymakers worldwide.

While a strong currency is usually seen as a positive thing, in this case, its sudden surge has created uncertainty and left many people worried.

Understanding the reasons behind this situation, the threat of recent fluctuations of the U.S. dollar, and the complex dance between the Federal Reserve and interest rates is essential.

https://www.youtube.com/watch?v=5H7G6wozZf0

'Historic' 40% Rally In Stocks By Summer: David Hunter Doubles Down On Market Melt-Up

David Lin:  5-2-2024

David Hunter, Chief Macro Strategist of Contrarian Macro Investors, is doubling down on his market melt-up forecast, calling for the S&P 500 to test 7,000 before the melt-up ends.

 A global deflationary bust follows.

0:00 - Intro

1:33 - Market melt-up summary

8:40 - Fed monetary policy

11:36 - Trigger for market rally

16:54 – Inflation

 21:05 - Small caps

23:05 - Sectors that will out/underperform

 26:30 - Gold

29:23 - U.S. dollar

30:44 - Yield and bonds

34:44 - Global deflationary bust

 43:55 - Bank failures

https://www.youtube.com/watch?v=t9vNPckCZMo

“Coffee with MarkZ” Thursday Morning Chat and Q&A 5-2-2024

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: A bright and beautiful day to everyone today

Member: Is anything good happening…..we hear so much about the bad stuff?

Member: Everyone thinks nothing is happening but everything is happening!

MZ: Today we focus on basic questions and people new to the reset idea

Member: So it’s a Back to basic MarkZ podcast this morning

MZ: It’s been very quiet on the RV side …bond folks – many have done what they need to do prior to the trigger being pulled. Some still have ongoing contract meetings ect….throughout the rest of this week and next week.

MZ: Iraq has been quiet since they told us to expect a rate change in their markets …and its now up to the CBI as to “when”. …then they went quiet. They did let us know recently that they have a new banking system prepped and ready to go. And they have distributed millions of cards to people  to use for banking.

​​Member: It has been quiet now since????? Wondering how long we will be quiet??

MZ: Quiet is not a bad thing right now.

Member: I want it to be quiet because that is when it will go. I don't expect them to give us any warning what so ever

Member: Does a rate change need parliament approval or just CBI governor announcement?

MZ: According to parliament and the president of their country it only requires the CBI governors announcement. The government has already done everything they needed to do. We heard this last week.

Member: Today starts Basel 3 and ISO20022 let’s see what happens!

Member: Would someone please explain Basal 3 ? I'm sorry if this is a repeat. Thanks.

MZ: In a nutshell-Basel 3 is stricter reserve requirements for banks so that they are better able to deal with downturns. or loses or problems in the markets. They have to have more assets in order to pay share holders, depositors ect…… .to have enough reserves in case there is a problem . But imo…its not enough reserves….but its more than what they required before.

Member: Keep your eye on Xrp today. Ripple loves Thursdays .

Member: Is the Iraq rv just like the Kuwait RV?

Member: Kuwait didn’t delete zeros. They reestablished their values based on their own commodities. Sound currency based on commodities! Iraq and all countries have been destroyed by the industrial complex.

Member: Is the irs gonna make us pay capital gains tax after exchange??

Member: Some people say yes….some say no. I exchanged currency from many countries while traveling and have never had to pay taxes when I exchange it for USD.

Member: Could Iraq lop the zeros off and then what we hold is worth nothing?

MZ: Sudani has said no. The man – Dr. Shabibi who designed the RV said no….Anyone in pretty much every level of authority in Iraq has said no.

Member: I sure hope redemption folks are working this weekend

Member: MarkZ - just got email from my CU - they will announce something on May 8 which marks a bold new chapter “seventy years in the making” … I think a new banking system announcement!.

Member: What questions should we have when we go to exchange? First steps when exchanging?

Member: Go to Dinar Recaps post RV category…lots of tips and exchange questions to ask are posted there.

Member: With all that appears to be lined up and ready to go would you have an educated guess as to why this hasn't launched yet?

Member: That is the question we all want answered….lol….maybe everything is just taking longer then they thought?

Member: Mark, is it still the case, you will (or should) know processes for our appointments. Possibly within hours prior or after the "Go time"

MZ: I was always told that a few hours prior to this- banking contacts would reach out to a handful of us familiar with the process so that we can help you all be familiar with the process. I am told this is still the plan. We do not get to exchange before you though.

MZ: I am told I will be able to post whatever numbers and links they send me so you can make appointments and know where to go to exchange..

Member: Praying we cross this finish line sooner than later ( as in the next couple of days)

Member: RV is close! My fortune cookie last night said "The star of riches is shining upon you"

Member: Your watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD

Member: Mark I don't understand the continued delays but this show gets me through. Thank you.

Member: We appreciate your time and patience Mark. Thanks so much and hope all our dreams come true very soon.

Please listen to entire replay to hear the full Q&A. This is just an overview and not the entire thing. If you are a newby-you should definitely listen to entire replay. Some of your questions could be answered here.

​​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

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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=KgLqS85C1kc