“Coffee with MarkZ” Monday Morning Chat 5-6-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning and welcome to a new week of infinite possibilities!!
Member: Praying maybe this would be our golden week
Member: What is your gut saying Mark?
MZ: I think we will see a lot of macroeconomic factors come into play this week that will push us forward.
Member: Are you still of the mindset that this has begun? Do you know people in different tiers that have received spendable money?
MZ: absolutely to both of those questions. I know people who actually now have dollars.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning and welcome to a new week of infinite possibilities!!
Member: Praying maybe this would be our golden week
Member: What is your gut saying Mark?
MZ: I think we will see a lot of macroeconomic factors come into play this week that will push us forward.
Member: Are you still of the mindset that this has begun? Do you know people in different tiers that have received spendable money?
MZ: absolutely to both of those questions. I know people who actually now have dollars.
Member: Wolverine says 1000% today
MZ: I’m not going to rule it out . There was interesting money movement over the weekend according to my best group contacts. It is clearly positioned to go but I am not certain we will see it today.
MZ: There was some very encouraging movement amongst groups this weekend. I am waiting for more updates today.
MZ: There are leading economic indicators for this week that could give us a crash or a rally in the stock market. I am looking for a crash or a correction of a sizable amount. . .
Member: Mark, at this point are all liquid dollars being paid in Fiat or are QFS accounts being utilized?
Member: I think it will have to be spendable fiat, at first at least :-
MZ: “BRICS: Blackrock issues a huge US dollar warning” Blackrock is warning their inside investors that they need to run from cash and grab bonds. As troubled as the bond markets are.- Is Blackrock trying to bail the government out?
Member: Venezuela was accepted as a partner at the BRICS summit held in South Africa in August, and Maduro believes that it will join BRICS+ as a permanent member at the next summit.
Member: glad we own Bolivar
MZ: “Are we destroying the economy on purpose” From the Raven. Featuring Andy Shectman. They mention things he has talked about in depth on this podcast. He talks about them overloading the system to break the system. This could be positive or negative depending on what will replace the current system.. This is a war of the competing resets. Will they win with their CBDC’s or will we win? I firmly believe we will win.
Member: wasn't Iraq supposed to sign their budget on the 6th??
Member: Budget set to head to the HOR for tomorrow. Hopefully this is it
Member: I thought the budget is done a while ago…….its confusing
Member: I saw that over 4 BILLION shares were traded on the Iraq stock echange earlier today. 2. Million shares of a hotel alone. 4 Billion total shares - in one day! let that sink in a moment.....
Member: I am waiting for Iraq to release the REER (Real effective exchange rate)
Member: Maybe a little late but the Minister of Finance and the CBI have been on Iraqi TV as well as in regional banker meetings directly stating they will peg, controlled float to the REER & cap!
Member: Did anyone hear PhilG last night? He said the RV won't happen the way we think it will. ALL currency globally will be one to one right away..
Member: I do not believe anyone knows for sure how it will play out……just be prepared for whatever happens.
MZ: 1 to 1 is where it is headed but they have to adjust the value first. Mr. C has talked in depth about this. ….
Member: Remember: First a revalue then a reset
Member: Bank story: I went in to a Chase in FL last Sat. and asked questions about exchanging currencies. The manager told me to go to J P MORGAN right around the corner. Tuesday there is a meeting to
Member: I am very concerned about the biden Administration getting ready to really increase all of our taxes…….this is horrible
Member: Hopefully they do not raise taxes on our exchange ..if we have any.
Member: Mark, did you have a link to the Dept of State stating the exchange is tax free?
MZ: https://www.state.gov/report/custom/6fbb1fb8fe-5/
Member: under the Foreign Exchange and Remittance section: “ There are no taxes or subsidies on purchases or sales of foreign exchange.”
Member: I am downright excited today.
Member: I don't get excited about it anymore. too hard on my emotions. I'm just quietly waiting. I'll get excited when the notifications ACTUALLY come out.
Member: What is so cool, all of a sudden there will be an influx of people who are not only wealthy but who are prepared, and going to do such good with it. the changes that will be astounding!
Member: I just pray we all remember how blessed we really are to be here at this time with these blessings getting ready to be given to us. Thank you, God.
Member: Sending love & prayers for all of those who have lost family & friends
Member: Hopefully Mark gets more news from his groups tonight.
StacieZ joins the stream today at the end. Please listen to the replay for her 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.
News, Rumors and Opinions Monday AM 5-6-2024
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 Mon. 6 May 2024 Compiled Mon. 6 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sun. 5 May Wolverine: “I heard from my sources that it has started, so we are looking at Monday, Monday, Monday (6 May 2024).”
Late Sat. 4 May Ginger’s Liberty Lounge on Telegram: “As of Saturday night, May 4th, there is finally some excitement brewing in Reno. Nothing definite! But RENO IS ON ALERT. I repeat, you can count on this as FACT: Reno is now finally ON ALERT. How fast this goes, remains to be seen – but I found it extremely encouraging. Things are definitely perking up.”
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 Mon. 6 May 2024
Compiled Mon. 6 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sun. 5 May Wolverine: “I heard from my sources that it has started, so we are looking at Monday, Monday, Monday (6 May 2024).”
Late Sat. 4 May Ginger’s Liberty Lounge on Telegram: “As of Saturday night, May 4th, there is finally some excitement brewing in Reno. Nothing definite! But RENO IS ON ALERT. I repeat, you can count on this as FACT: Reno is now finally ON ALERT. How fast this goes, remains to be seen – but I found it extremely encouraging. Things are definitely perking up.”
Global Financial Crisis:
Central banks are illegally created PRIVATE banks that are owned by the Rothschild banking family. The family has been around for more than 230 years and has slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, and then emplaced their own people in these central banks to control and manage each country’s pocketbook. Worse, the Rothschilds also control the machinations of each government at the macro level, not concerning themselves with the daily vicissitudes of our individual personal lives – except when we get too far out of line. …Medeea Greere May 3, 2024
BRICS should be ready for dollar collapse – Russian IMF rep. Russian IMF rep Alexey Mozhin says countries of the BRICS group could create an alternative currency based on their national legal tenders. https://www.rt.com/russia/597003-brics-dollar-allternative-currency/
In March, we learned that BRICS is actively developing a payment system utilizing the blockchain. Many countries are starting to link payment systems. Russia and China have almost stopped using the dollar in their mutual trade. Monetary evolution? Yes. We are in the middle of a real-time chess match fundamentally reshaping our global monetary system. Hot conflicts are erupting worldwide, financial warfare is escalating, and nations are scrambling to secure minerals to reduce dependency on others. The era of a uni-polar world is crumbling, giving way to the rise of a multi-polar global order.
Sun. 5 May 2024 Biggest Banking Crisis of Lifetime is Upon Us: https://beforeitsnews.com/economy/2024/05/the-biggest-banking-crisis-of-our-lifetime-is-already-upon-us-and-its-worse-than-you-think-epic-economist-3110712.html
Sun. 5 May 2024 The Deep State Cabal’s Blackrock Issues Huge US Dollar Warning: https://watcher.guru/news/brics-blackrock-issues-huge-us-dollar-warning
Read full post here: https://dinarchronicles.com/2024/05/06/restored-republic-via-a-gcr-update-as-of-may-6-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 There was a meeting two weeks before that massive entourage meeting that went to DC...They told you we're going to DC to deliver the monetary reform. There was the new exchange rate. They agreed upon it...and went back home and told contractors we're going to rewrite your contracts with that new exchange rate...When they were all done with that...they flew to Washington DC, they delivered the message...and spent over two weeks with powerhouses that are going to build their economy.
Militia Man Non-oil revenues...Iraq has the largest sulfur deposit in the world. They can tap into that. It's going to be part of their non-oil revenues. The amount of natural resources Iraq has is off the charts. Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.
KTFA Late Sun. Night CC: FRANK26…..5-5-24……FLOAT…….WHO CARES?
KTFA
Late Sunday Night Conference Call
FRANK26…..5-5-24……FLOAT…….WHO CARES?
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#
KTFA
Late Sunday Night Conference Call
FRANK26…..5-5-24……FLOAT…….WHO CARES?
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#
Currency Insider Iraqi Dinar – Dong Sunday Evening 5-5-24
Currency Insider Iraqi Dinar – Dong Sunday Evening 5-5-24
Vietnam Dong rate update massive increase against USD – 1:28
Iraqi Dinar new exchange rates $1.53 Or Above – 2:30
Iraqi Dinar Immediately Investors Alert – 2:44
Currency Insider Iraqi Dinar – Dong Sunday Evening 5-5-24
Vietnam Dong rate update massive increase against USD – 1:28
Iraqi Dinar new exchange rates $1.53 Or Above – 2:30
Iraqi Dinar Immediately Investors Alert – 2:44
Vietnam Dong rate update massive increase against USD – 1:28
Iraqi Dinar new exchange rates $1.53 Or Above – 2:30
Iraqi Dinar Immediately Investors Alert – 2:44
Iraq Economic News and Points to Ponder Sunday Evening 5-5-24
Iraq Economic News and Points to Ponder Sunday Evening 5-5-24
Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget
Economy| 02/05/2024 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 the impact 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
Iraq Economic News and Points to Ponder Sunday Evening 5-5-24
Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget
Economy| 02/05/2024 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 the impact 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
Savings And Financial Inclusion
Economical 05/06/2024 Muhammad Sharif Abu Maysam There is a close relationship between saving and financial inclusion, as
economies with good levels of saving are usually more
comprehensive,
stable, and
consistent in financial trades and exchanges,
growth rates, and the
ability to withstand shocks.
It seems that this relationship was an impetus for adopting the slogan
“Towards encouraging saving to enhance... Financial Inclusion” on the occasion of the Arab Financial Inclusion Day, which falls on April 27th every year.
Financial inclusion means providing financial services to all societal groups and encouraging them to open bank accounts, by
opening more bank branches in places far from city centers, and
introducing more payment systems and technologies that contribute to
reducing episodes of slackness in performance and
resoring confidence between the public and the banking sector.
This establishes the withdrawal of the cash mass stored in homes and other places of hoarding, and thus recycling it in credit operations and economic projects in order to support the business environment and address the problem of unemployment in the labor market and thus achieve sustainable development.
The banking sector in our country participates in financial inclusion activities that promote and open up to the public in public places, universities, and commercial centers, with the aim of encouraging the public to deal with the banking sector and increasing the proportion of transactions and transactions in the banking arena, thus achieving the highest levels of savings.
Such productive activities may have a degree of impact depending on the regions in which they are held, and complement what the relevant authorities are working for in the context of adopting electronic payment systems and protecting the public.
However, there are obstacles that need to be contemplated and reconsidered if we want to achieve positive results in the file.
Encouraging savings, and achieving the complementary relationship between financial inclusion and withdrawing the public’s accumulated cash mass, which the relevant authorities estimate at approximately 70 percent of the issued cash.
The first of these problems that need study and contemplation is the problem of the difference in the currency exchange rate, which prompts the public to buy foreign currencies as a safe haven. From exchange rate fluctuations,
solving this problem contributes significantly to creating trust between the public and banks, in addition to the possibility of raising the interest rate in light of the increase in government spending on service projects, which may result in an increase in inflation rates, and we believe that providing banking privileges to savers is the way.
It is appropriate to encourage saving, such as guaranteeing access to housing units for savers, especially children and young women, at half the price after ten or fifteen years of saving at certain rates, or offering a free marriage grant if these age groups continue saving for about a number of years. https://alsabaah.iq/96119-.html
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Wealth
I have enough money to get by. I'm not independently wealthy, just independently lazy, I suppose. - Montgomery Clift
I have no complex about wealth. I have worked hard for my money, producing things people need. I believe that the able industrial leader who creates wealth and employment is more worthy of historical notice than politicians or soldiers. - Paul Getty
I was born into it and there was nothing I could do about it. It was there, like air or food, or any other element. The only question with wealth is what you do with it. - John D. Rockefeller
I wish to become rich, so that I can instruct the people and glorify honest poverty a little, like those kind-hearted, fat, benevolent people do. - Mark Twain
In big houses in which things are done properly, there is always the religious element. The diurnal cycle is observed with more feeling when there are servants to do the work. - Elizabeth Bowen
Iraqi Dinar Today Video Updates Sunday Evening 5-5-24
Iraqi Dinar Today Video Updates Sunday Evening 5-5-24
The REER $4.25 WOW Its, Massive News Update – 3:12
Great News Finally Wells Fargo Set IQD New Exchange Rate – 4:49
Wow Iraqi dinar Revaluation finally Done From Citi Bank Announcement – 3:20
WOW International Announcement By CBI 1 IQD Equals $6.15 – 3:50
Iraqi Dinar Today Video Updates Sunday Evening 5-5-24
The REER $4.25 WOW Its, Massive News Update – 3:12
Great News Finally Wells Fargo Set IQD New Exchange Rate – 4:49
Wow Iraqi dinar Revaluation finally Done From Citi Bank Announcement – 3:20
WOW International Announcement By CBI 1 IQD Equals $6.15 – 3:50
The REER $4.25 WOW Its, Massive News Update – 3:12
Great News Finally Wells Fargo Set IQD New Exchange Rate – 4:49
Wow Iraqi dinar Revaluation finally Done From Citi Bank Announcement – 3:20
WOW International Announcement By CBI 1 IQD Equals $6.15 – 3:50
Economist’s “News and Views” Sunday 5-5-2024
BRICS expansion with 24 New Members: All you need to know
Fastepo: 5-4-2024
Recently, it was announced that new members might soon join the BRICS coalition, though their identities have not yet been disclosed.
Our investigative efforts have identified several potential candidates. Considering the significant number of countries that could join, we have analyzed their demographic and economic strengths to estimate the potential impact on BRICS' power.
If you believe any country has been overlooked, please let us know and include your source so we can update our information accordingly.
In this video, we will explore each potential new member, examining their population sizes, economic strengths, and principal exports.
BRICS expansion with 24 New Members: All you need to know
Fastepo: 5-4-2024
Recently, it was announced that new members might soon join the BRICS coalition, though their identities have not yet been disclosed.
Our investigative efforts have identified several potential candidates. Considering the significant number of countries that could join, we have analyzed their demographic and economic strengths to estimate the potential impact on BRICS' power.
If you believe any country has been overlooked, please let us know and include your source so we can update our information accordingly.
In this video, we will explore each potential new member, examining their population sizes, economic strengths, and principal exports.
Please note that the order in which these countries are presented is random and does not imply any ranking or preference.
Economy Entering 'Death Spiral'? Markets Are 'Cornered' | Clem Chambers
David Lin: 5-5-2024
Clem Chambers, CEO of Online Blockchain, gives his outlook for gold, Bitcoin, stock markets, and monetary policy.
0:00 – Intro
1:00 - Market correlations
4:50 - Inflation and fiscal spend
8:47 - Gold price outlook
15:10 - Bitcoin price outlook
18:05 - Stock market outlook
19:43 - UK market
21:53 - Tech stocks
23:50 - Capital gains tax increases
29:33 - Economic death spiral
33:19 - Most bullish asset
Yes, a BRICS Currency Was Announced. No, It Hasn’t Launched
APMEX: 5-5-2024
Our last video about the announcement of an official BRICS currency generated a lot of questions. Today we’re clarifying some of the finer details and diving a little deeper into the topic.
You’ll also find one of the sources we’ve referenced in this description so you can read the interview transcript that has been used by many to report on this topic, including us.
When Russia first stated in 2023 that BRICS would create a new currency, multiple other nations and their representatives denied it, creating an atmosphere of speculation. Sergei Glazyev, a prominent Russian economist, joined an interview where he made it clear a BRICS currency is in development and almost complete.
This information slowly trickled out to western media and was the first known confirmation that a BRICS Currency is in development, not a theoretical concept.
While the payment system is said to be blockchain based, the currency itself is still a mystery.
We don’t know for sure if it will be backed by gold, but it is implied. Glazyev states that one thing this new currency will be based on is “a basket of exchange-traded commodities.”
This statement, along with BRICS nations buying gold at an exceptional rate, makes us believe gold could be included in that basket.
While we know more than we knew a year ago, we still know very little about the actual currency.
Again, there is no official launch date set, but speculation abounds that a common currency with final approval would be introduced to the world and named during the next BRICS Summit in Kazan, Russia between October 22-24th.
We will follow any updates closely and be ready to pass the information on to you.
More News, Rumors and Opinions Sunday Night 5-5-2024
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
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 Sun. 5 May 2024
Compiled Sun. 5 May 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Sat. 4 May 2024 Wolverine:
Hi guys Keep the faith as according to all sources this is about to kick off. I was told all platforms are liquid now and waiting to be disbursed. I want you all to say a prayer and thank God for what you are about to receive and thank him for being Chosen. Remember lift up your vibrations. God bless you all, Wolverine.
The official announcement came through last night Fri. 3 May. The president of the central bank of Brazil, Mr. Roberto Campos Neto signed the final document and this document establishes that releases begin on MONDAY, MAY 6, 2024, for the main majority and the first stage ends on FRIDAY, MAY 10, 2024.
The launches will continue MONDAY, MAY 13 and will end on FRIDAY, MAY 17, 2024, for the other recipients (G13, etc.).
Foreigners will board to their countries of origin on SATURDAY, MAY 18, 2024, after making payments. The signed document was delivered to the person responsible for payments to guarantee compliance with the dates, without delay.
I just received the following update from New York and Washington: “Bob Dunn was partly right about Reno. It has all started, but in full force will be on MONDAY MAY 6, 2024.
Washington DC says there is nothing left to do. Everything is already done and moving!” Bob Dunn – RENO, will give the green light sometime after noon today Sat. 4 May.
Looks like all things are geared up for this coming week. Keep the faith, this is coming it has started, and the green light has been given. We will have a glorious upcoming week, and the notifications are coming out any day now for Tier4B.
PROJECT ODIN will go together with the EAS/EBS. It is a military unit that supervises military forces in ground operations. …The 17th Letter (JFK Jr.) on Telegram Sat. 4 May 2024 https://t.me/JFK_17_Q
The NESARA/GESARA funds will finally see the light of day and the people will be entrusted with the monumental task of rebuilding a long-oppressed world.
Read full post here: https://dinarchronicles.com/2024/05/05/restored-republic-via-a-gcr-update-as-of-may-5-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick [Former Iraqi Bank associate and Iraqi bank owner #1 update] He just left Bagdad...he went to Hong Kong. What for? He's got banks he's representing the CBI with, out there. These satellite banks are everywhere. They want their 3-zeros back. They don't want them to go into anybody's federal reserves.
Militia Man Article: "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate." We've seen a few articles over the last week openly talking about the types of regiments that are exchange rate oriented, whether it's a fixed float or pegged etc. Saleh has spoken about it, he says it [floating] is dangerous ...the environment would not be good so it wouldn't be the best choice... Circumstances for the country of Iraq which is still primarily a rentier, which means oil based, it's best to have a fixed exchange rate...
Iraq to Alter the Global Trade Landscape
Edu Matrix: 5-5-2024
MARKETS A LOOK AHEAD: The System Is Running Out Of Cash...
Greg Mannarino: 5-5-2024
Comments and Global Economic News Sunday Evening 5-5-24
Comments and Global Economic News Sunday Evening 5-5-24
Good Evening Dinar Recaps,
"Exchange gain of an individual from the disposition of foreign currency in a personal transaction is not taxable, provided that the gain realized does not exceed $200."
There you have it. So long as you do not profit more than $200 from your foreign currency exchange as an individual you do not have to pay taxes.
If you gain more than $200 on your transaction in a foreign currency exchange, you are expected to pay taxes on an individual level.
Below, you will see new regulations on Corporate gains and losses of foreign currency exchange that have been proposed and went into effect in February 2024 of this year.
This is not tax advice. It is merely education, as always, with anything said in this room for you to check out later with your CPA. PWC Answer Connect 1 Answer Connect 2 Answer Connect 3 RSM US Answer Connect 4 © Goldilocks
~~~~~~~~~
Comments and Global Economic News Sunday Evening 5-5-24
Good Evening Dinar Recaps,
"Exchange gain of an individual from the disposition of foreign currency in a personal transaction is not taxable, provided that the gain realized does not exceed $200."
There you have it. So long as you do not profit more than $200 from your foreign currency exchange as an individual you do not have to pay taxes.
If you gain more than $200 on your transaction in a foreign currency exchange, you are expected to pay taxes on an individual level.
Below, you will see new regulations on Corporate gains and losses of foreign currency exchange that have been proposed and went into effect in February 2024 of this year.
This is not tax advice. It is merely education, as always, with anything said in this room for you to check out later with your CPA. PWC Answer Connect 1 Answer Connect 2 Answer Connect 3 RSM US Answer Connect 4
© Goldilocks
~~~~~~~~~
Biden Administration Surrenders to China on Final EV Regulations, Weakens America’s Trade Policies - House Committee on Ways and Means
~~~~~~~~~
Proposed Foreign Currency Regulations
~~~~~~~~~
How Forex Trades Are Taxed | Investopedia
~~~~~~~~~
"If finalized, the regulations would generally be effective for taxpayers with tax years beginning on or after Jan. 1, 2025, which would end a decades-long administrative delay in the implementation of new rules. Affected taxpayers should assess their existing Section 987 methods and the potential impact of adopting the proposed regulations early."
Bottom line, please check with your CPA when you receive your money for the new laws that have been applied to foreign currency exchanges for individuals just this year.
It's better to be safe than sorry. New laws are coming into the books late last year and this year in foreign currency exchanges, and I just simply want you to not be penalized for something so many of us have waited so many years to receive.
And, if you are under a contract for this Exchange, you do not want to take the chance of having your funds clawed back. This is our only chance at this in this lifetime. Opportunities do not come like this very often.
These new regulations for foreign currency exchange could very well have been set for January 1, 2026, but it wasn't.
Are we hearing the need for foreign currency exchange regulations to be done and implemented by the first of the year in case there is a need to do something with them between now and then? Grant Thornton
© Goldilocks
~~~~~~~~~
"The international group could create an alternative currency based on their national legal tenders, according to Alexey Mozhin FILE PHOTO. © Iliya Pitalev; Ria Novosti
The BRICS group of nations could offer an alternative currency in the event of a collapse of the dollar and the international monetary system, according to Russia’s executive director at the International Monetary Fund, Alexey Mozhin."
Do you ever wonder why the Dollar Act (HR 556) is currently in the legislative books just in case the above does happen? See the link below.
© Goldilocks
BRICS should be ready for dollar collapse | AZERBAYCAN24 Congress
~~~~~~~~~
Hong Kong: Introducing Spot Crypto Trading | Global Finance Magazine
~~~~~~~~~
Iraq seeks more investors for mega rail project | Zawya
~~~~~~~~~
Follow Goldilocks' Roadmap
Follow Goldilocks' Timeline
Goldilocks' Telegram Room
Q & A Telegram Room
Goldilocks on the Seeds of Wisdom Team™ Website
Subscribe to Newsletter
Thank you Dinar Recaps
Iraq Economic News and Points to Ponder Sunday Afternoon 5-5-24
Iraq Economic News and Points to Ponder Sunday Afternoon 5-5-24
A New Decline In The Exchange Rate.. The Dinar Slaps The Dollar
Economy | 05/05/2024 Mawazine News – Baghdad The prices of the US dollar closed lower against the Iraqi dinar, today, Sunday, in Baghdad.
Dollar prices recorded a decline with the closure of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,250 Iraqi dinars per 100 dollars, while dollar prices this morning recorded 145,650 Iraqi dinars per 100 dollars.
Selling prices in the field of banking in the local markets in Baghdad decreased, as the selling price reached 146,250 Iraqi dinars per 100 dollars, while the purchase price reached 144,250 Iraqi dinars per 100 dollars.
Al-Hakim To Plasschaert: The Current State Of Stability In Iraq Must Be Exploited
Political | - 05/05/2024 Mawazine News – Baghdad The head of the Al-Hikma Movement, Ammar Al-Hakim, stressed today, Sunday, the necessity of investing in the current state of stability in Iraq, while noting that the country is proposing development projects throughout the region and seeks to engage common interests.
Iraq Economic News and Points to Ponder Sunday Afternoon 5-5-24
A New Decline In The Exchange Rate.. The Dinar Slaps The Dollar
Economy | 05/05/2024 Mawazine News – Baghdad The prices of the US dollar closed lower against the Iraqi dinar, today, Sunday, in Baghdad.
Dollar prices recorded a decline with the closure of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,250 Iraqi dinars per 100 dollars, while dollar prices this morning recorded 145,650 Iraqi dinars per 100 dollars.
Selling prices in the field of banking in the local markets in Baghdad decreased, as the selling price reached 146,250 Iraqi dinars per 100 dollars, while the purchase price reached 144,250 Iraqi dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=247372
Al-Hakim To Plasschaert: The Current State Of Stability In Iraq Must Be Exploited
Political | - 05/05/2024 Mawazine News – Baghdad The head of the Al-Hikma Movement, Ammar Al-Hakim, stressed today, Sunday, the necessity of investing in the current state of stability in Iraq, while noting that the country is proposing development projects throughout the region and seeks to engage common interests.
Al-Hakim said in a statement received by Mawazine News, “Today we received the representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, near the end of her mission in Baghdad, where we praised the efforts of the United Nations organization in the past stage, and made clear that the current state of stability that the country is witnessing must be invested in a manner that "It enhances the interests of Iraq and the interests of its partners in the region."
He added, "The world has begun to change in its approach to the Iraqi issue, and we said that the previous reading was disturbing stability in the region, while the current reading is that the security of the region is the security of Iraq," calling for "reading history and standing at its decisive points."
He stressed, "Iraq proposes development projects for the entire region and seeks to intertwine interests and transform conflict into networking, cooperation and collaboration," pointing out that "the path of development is the best witness to Iraq's development vision for itself and for the region." https://www.mawazin.net/Details.aspx?jimare=247352
World Bank: Reliance On Oil Will Expose Iraq To Macroeconomic Fluctuations
Economy Saturday, May 4, 2024 9:21 AM Follow-up/National News Center
The Iraqi economy is expected to return to growth in 2024 at a rate of 1.4%, compared to a contraction of 2.2% in 2023, with the growth rate next year jumping to 5.3%, according to data from the latest IMF report on global economic prospects issued this month.
The contraction in Iraq's GDP last year comes despite a strong return to growth in the non-oil sector, recording 6%, with inflation receding, according to Fund estimates.
According to the statement of the IMF mission to conduct Article IV consultations, last March, the Fund expects that overall growth will rise again in 2024, with the momentum of non-oil growth continuing during the year, while risks tend towards an increase amid increasing uncertainty.
This comes while the Fund expects, in the medium term, that non-oil growth will stabilize at around 2.5% due to the obstacles that limit the development of the private sector.
Iraq is one of the countries most dependent on oil in the world, and oil revenues accounted for more than 99% of its exports, 85% of its government budget, and 42% of its gross domestic product over the past decade, according to World Bank data.
The World Bank believes that this excessive dependence on oil exposes the country to macroeconomic fluctuations, while budgetary rigidities restrict the available spending space in public finances, and limit any opportunity to develop policies to counter cyclical fluctuations.
The balance of public finances went from a surplus of 10.8% of GDP in 2022, to a deficit of 1.3% in 2023.
This is due to a decrease in oil revenues and an increase in spending by 8% of GDP, which contributed to the increase in salaries. Contractual pensions are 5%, according to the IMF.
The Fund expects the public finance deficit to reach 7.6% of GDP in 2024, in the absence of new policy measures, and to expand further after that with the expected gradual decline in oil prices in the medium term.
The increase in the public finance deficit will result in a nearly doubling of public debt from 44% of GDP in 2023 to 86% of GDP by 2029, according to Fund estimates.
Expectations that the current account will turn into a deficit
The IMF estimates the current account surplus at 2.6% of GDP at the end of last year, expecting it to turn into a deficit by 3.6% during 2024, and for this deficit to expand to 5.1%.
Indicators have improved:
Overall inflation declined from 7.5% in January 2023 to 4% by the end of last year, according to IMF estimates, which reflected the decline in food and energy prices at the international level, and the impact of the currency revaluation process. Iraq in February 2023.
The International Monetary Fund expects the inflation rate to stabilize at 4%, whether as an average for the year or as a level by the end of the year during the years 2024 and 2025.
The Fund also estimates that international reserves will rise to 112 billion US dollars by the end of 2023, compared to about 97 billion dollars at the end of 2022.
The Iraqi government reduced external debt from 19.729 billion dollars in 2022 to 15.976 billion dollars in 2023, according to what was reported by the official Iraqi News Agency. According to Iraqi government spokesman Bassem Al-Awadi, this April.
Al-Awadi said that the government took a series of executive measures and adopted a package of financial decisions, which resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion at the end of 2022, to $15.976 billion in 2023, reaching $19.729 billion in late 2022. Approximately $8.9 billion this year.
Other steps for a greater role for the non-oil sector
The IMF believes that reducing the level of dependence on oil, and ensuring financial sustainability, while at the same time working to protect the very important social and investment spending, will require a major adjustment to public financial conditions, based on controlling the public finance bill. Public sector wages and increased non-oil revenues.
In parallel, the situation will require achieving high economic growth to absorb the rapidly growing workforce, boost non-oil exports, and expand the tax base.
The IMF believes that there is a need to implement an ambitious adjustment to public financial conditions, to help stabilize debt in the medium term, and rebuild protective safety margins for public finances, while maintaining necessary capital spending.
Most aspects of controlling public finances come from reducing current spending, especially controlling the wage bill by reducing mandatory appointments, and from working to gradually implement the rule of natural attrition for workers in the public sector.
The Fund indicated the need to increase non-oil revenues by expanding the income tax base on individuals, making it more progressive, reviewing the customs tariff structure, and considering imposing new taxes on luxury items.
The Fund also believes that there is a need to undertake broad structural reforms to enhance private sector development and economic diversification.
He explained that Iraq needs to raise growth rates in the non-oil sector in a sustainable manner to accommodate the rapidly increasing workforce, and to increase non-oil exports and government revenues, in addition to reducing the economy’s exposure to oil price shocks.
The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, said last January that his country had set a goal in a three-year budget to reduce dependence on oil revenues from 95% to 80%, in a discussion session at the World Economic Forum in Davos. https://nnciraq.com/254947/
The Central Bank Sold More Than A Quarter Of A Billion Dollars In The Currency Auction Today
Sunday 05, May 2024 15:54 | Economical Number of readings: 108 Baghdad / NINA / The Central Bank of Iraq’s dollar sales amounted to more than 276 million dollars on Sunday at the currency auction.
A statement from him explained that the bank sold in its auction today 276 million and 568 thousand and 264 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.
He added that most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 264 million 748 thousand and 264 dollars, an increase of 94% over cash sales amounting to 11 million and 820 thousand dollars.
He explained that the number of banks that purchased cash dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 17 banks, and the total number of exchange and brokerage companies participating in the auction was 30 companies./ https://ninanews.com/Website/News/Details?key=1124791
Within A Week...More Than One Billion Dollars In Sales From The Central Bank Of Iraq
Economy | 04/05/2024 Mawazine News – Baghdad The Central Bank of Iraq's total sales of hard currency for the US dollar amounted to more than one billion dollars during the period in which the auction was opened last week.
During the past week and for the week-day period in which the auction was opened, the Central Bank sold 1 billion 348 million 235 thousand 509 dollars, at a daily rate of 276 million 847 million 19 dollars, lower than what it recorded last week, which amounted to 1 billion 354 million 297 thousand 9 dollars.
The highest dollar sales were on Wednesday, when sales amounted to 282 million, 624 thousand and 465 dollars, while the lowest sales were on Sunday, when sales amounted to 270 million, 897 thousand and 422 dollars.
It is noteworthy that sales of foreign remittances during the past week amounted to 1 billion, 317 million and 475 thousand dollars, an increase of 95% compared to cash sales, which amounted to 66 million and 760 thousand dollars.
The sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash selling price reached 1,310 dinars per dollar. https://www.mawazin.net/Details.aspx?jimare=247277
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Wealth
Australia is so kind that, just tickle her with a hoe, and she laughs with a harvest. - Douglas Jerrold
It is better to live rich than to die rich. - Samuel Johnson
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both. - Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position. - Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted. - Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed. - George Brockway
“Tidbits From TNT” Sunday 5-5-2024
TNT:
Tishwash: Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches in Karbala and Mosul
Al-Rafidain Bank announced, this evening, Saturday, the implementation of the comprehensive banking system in its Hindiya branches in Holy Karbala and Ashur in Mosul.
A statement from the bank, a copy of which {Al-Furat News} received, stated: “To join the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiyah - Safwan - Arar - Trebil) in an important step to leave the paper work and move completely towards... Electronic transformation. The bank confirmed, “The plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank in implementing the system, especially since one of the priorities and adoptions of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, and reducing time and effort in completing citizens’ transactions.” link
TNT:
Tishwash: Al-Rafidain Bank announces the implementation of the comprehensive banking system in its branches in Karbala and Mosul
Al-Rafidain Bank announced, this evening, Saturday, the implementation of the comprehensive banking system in its Hindiya branches in Holy Karbala and Ashur in Mosul.
A statement from the bank, a copy of which {Al-Furat News} received, stated: “To join the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the branches of the border crossings (Zurbatiyah - Safwan - Arar - Trebil) in an important step to leave the paper work and move completely towards... Electronic transformation.
The bank confirmed, “The plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings to include all branches of the bank in implementing the system, especially since one of the priorities and adoptions of the government program is electronic transformation in financial transactions, reducing episodes of red tape for citizens, and reducing time and effort in completing citizens’ transactions.” link
Tishwash: Advisor to the Prime Minister: Iraq is a fertile environment for projects, and there is an expansion of investor desires
INA Advisor to the Prime Minister for Investment Affairs and Head of the Iraq Fund for Development, Muhammad Al-Najjar, confirmed today, Saturday, that Iraq is a fertile environment for projects and there is an expansion of investors’ desires to enter it.
Al-Najjar told the Iraqi News Agency (INA): “The government has taken an approach that has intensified efforts to invite many countries and companies to invest in Iraq, and Prime Minister Muhammad Shiaa Al-Sudani is taking advantage of his foreign tours, the most recent of which is his participation in the World Economic Forum in Saudi Arabia, with great work and activity to support investment in Iraq by inviting companies.” To enter Iraq.
He added, "The economic forum in Riyadh, which was held recently, was attended by a large number of decision-makers from companies and countries that will have a clear role in entering Iraq," noting, "Iraq in the forum focused on 3 main topics, which are energy, agriculture, and information technology." .
He pointed out that "the Prime Minister's visit during his participation in the forum held in Riyadh included political meetings and many economic files were raised," noting that "Iraq has begun to compete with many countries of the world by inviting investors to come to the country."
He pointed out that "Iraq It has large investment opportunities amounting to $450 billion allocated to projects that need marketing in order to attract capital.
He stated, “There is a strong desire from Saudi investors to enter and expand their work in Iraq,” explaining, “The large Iraqi market is full of opportunities, especially in the field of industry, and Arab and international companies can establish factories in the country.”
He continued, "Iraq is a country fertile with investment opportunities and has begun to gradually rise on the economic map among countries in light of the current government's continuous work to improve the economic and investment situation." . link
************
Tishwash: To reach an agreement on 10 memorandums...the start of the meetings of the sixth session of the Iraqi-Iranian committee in Tehran
Today, Sunday (May 5, 2024), the Ministry of Commerce announced the start of the meetings of the sixth session of the Iraqi-Iranian Committee in Tehran.
The ministry’s media stated in a statement received by “Baghdad Today” that “the meetings of the sixth session of the joint Iraqi-Iranian committee began in the Iranian capital, Tehran, which is headed by the Iraqi side, Minister of Commerce Atheer Daoud Al-Ghurairi, to discuss strengthening economic and trade relations and understanding the ten joint memorandums of understanding that the two sides intend to sign.” in various fields and in a manner that serves their common interests.”
He explained, "The committee's work will continue over the fifth and sixth days of this month of May, as today the discussions of the specialized committees will take place, in the presence of members of the delegations of both sides, to reach the final joint report, at the headquarters of the Iranian Ministry of Economy and Finance."
The statement indicated that "the specialized committees included the Commercial, Industrial, Agricultural, Standardization and Quality Control Committee, the Energy Committee, the Financial, Banking, Investment and Insurance Committee, the Shipping, Transport and Customs Committee, and the Scientific and Educational Consulate Committee, Tourism, Health and Sports". link
Mot: .. Boat fer Sail! - Recently reupholstered
Mot: Whats cookin…..
