Weekend News With MarkZ (Bank Stories) 11-2-2024

Weekend News With MarkZ (Bank Stories)  11-2-2024

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

THE CBD GURUS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS AT 10:30 AM. MATT HAS A STORY TO SHARE.

Member: Good Morning Mark , Mods and RV’ers

Member Are you hearing any good RV tidbits Mark?

MZ: We have a couple bank-ish stories today

MZ: From a source in the middle east:  Sudani has just stated that the “currency transition” should be completed by Victory Day. Victory day is December 10th . This means things will be going right away if it is to be “completed” by that time.

MZ: We have a really fun bank story from someone that works at a bank. This is a banking employee and I cannot tell you which bank. They asked (outside of the bank) about Nesara.  The other persons eyes got really big and their jaw dropped. They said “How do you know anything about this?” The bank employee told what they know about Nesara and the other said….”We have been signing a lot of NDA’s in our preparation for this , all of the employees are under a gag order and cannot speak about it ……and we will be transitioning to a Wealth Management location .” They also made the comment that “the new money comes out in November. “  They have completed their training and have a new DelaRue machine.

MZ: I have great faith in this source. This is as much as I can share without getting somebody in serious trouble. So will leave it right there.

MZ: I think we are going to have one heck of a Thanksgiving to give Thanks for this year.

Member: Any other news on Nesara?

 MZ: I believe Nesara was signed into law 1n 1999 . It was in the congressional record. Many folks here actually saw it on government sites before they scrubbed it and hid the information. I regret not having printed it when it was on the government sites.

Member: I can't get any information from my bank untill 9:00 am Monday .It says systems are shut down untill then

Member: Mon Nov 11 my bank closed, Veterans Day

1995 Bank Story by Matt at CBD Gurus:

Matt: At the time I was a Limo Driver and would pick up people at hotels and the airport in Minneapolis. There were a lot of businesses and conventions in Minneapolis along with a lot of financial places there. Offices of the Federal Reserve is still there.

One day in front of the Hyatt I picked up a guy with no luggage or computer or anything (Which was unusual) …..It was a 20 minute drive to the airport and as we drove we got talking and I asked him “What do you do?  He said he meets with all the financial guys in Minneapolis .

He continued. “I work with a division of the government …we are going to be changing things around at financial institutions, and dealing with the power of money around the world….the structure. I met with Wells Fargo and a couple more at the Federal Reserve here. I was just in town doing a couple days of business. ( I do not know if he worked for the Treasury or another branch of the Government)

I asked him what he meant by changing the structure of money and this and that? He started talking about empires and changes like the British empire, the Dutch Empire, the Roman Empire ect…(I just listened and kept driving- I did not know anything about this stuff back then)

I asked him where is the financial power going to then – if you changing things?  “just call it “Asia” he said. “  Things will be all right- just different. I asked him where do we fit in the whole thing? He said “We aren’t running the show anymore after this” It’s somebody else’s turn. We have to get ready for it.

Now this was in 1995….I asked him “When is this all going to happen?” He said “We are planning it for 2024, but I think we can move it up to 2023” 

Later on I find out what he was talking about when he said the money and power was going to change. He was talking about the RV….That is what he was talking about. And the time is now. We don’t know the exact date and hour…but it’s going to happen.

MZ: Some of the biggest financial meetings in the world go on at the Minneapolis Federal Reserve.

MZ: In Iraq: “The Iraqi Parliament recommends changing out 5 ministers in Sudani’s government” They say these 5 are slowing down the reforms and they want to finish them quickly and completely. So they want to change out these 5 cabinet members and move forward quickly with reforms

MZ: Many folks are expecting these votes this weekend.

MZ: “ Parliamentary Finance calls on the government to control non-oil revenues”  Non oil revenues are a very important part of the reforms.

MZ: “ Deputy: The first start of the phase  of the project to develop Iraq’s border crossings with neighboring countries”  People will be going back and forth for pilgrimages, tourism, shopping  sprees to and from Iraq. Trucks laden with goods will go through there. Iraq is becoming a very modern hub for the area.

MZ: “Distribution for Iraq’s retirees salaries tomorrow-Sunday” they will be paid for the month ahead.  They do have a holiday coming up and wanted to pay ahead of time. What could be another reason to pay them ahead of time? The revaluation of the dinar to lift up the Iraqi people? That’s what I was thinking.

Member: Wow three day holiday in Iraq .. hummm where have you heard that before?

Member: Do you still think all currencies will go at the same time?

MZ: I do , but hope everyone is diversified and is not keeping all their eggs in one basket. If one currency happens to go ahead of time……well you would be prepared.

Member: How about the Venezuelan Bolivar?

MZ: Do the math: Venezuela has the largest oil reserves in the world. They have some of the largest gold reserves in the world. They have some of the largest rare earth minerals deposits in the world. And, the lowest currency in the world. It’s going to be worth something somewhere someday.

Member: Mark, any word from your Bond contact that never checked back in? NDA confirmed…?

MZ: No news since last night

Member: Great information today….Thanks to Mark and Matt. Have a great weekend everyone

Member: Have a very blessed weekend and see you all Monday morning

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=2AtWNYG9Zmc

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-2-24

Seeds of Wisdom RV and Economic Updates Saturday Morning 11-2-24

Good  Morning  Dinar Recaps,

PAXOS ISSUES ‘GLOBAL DOLLAR’ STABLECOIN USDG OUT OF SINGAPORE. PARTNERS DBS

Last July Paxos Global confirmed it received the regulatory go ahead from the Monetary Authority of Singapore (MAS) to issue a stablecoin, with DBS Bank as custody partner. Today it confirmed the launch of the USDG stablecoin, which it refers to as the ‘global dollar’. 

Given Paxos has a background of partnering with institutions such as PayPal and Stripe, it says the Ethereum stablecoin is “designed to support the needs of regulated institutions that maintain higher standards of operation.”

“Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises,” said Ronak Daya, Head of Product at Paxos.

“USDG offers a trusted solution with a top-tier banking partner in DBS that will be the catalyst to drive stablecoin innovation and enterprise adoption at a global scale.”

Singapore’s largest bank, DBS, will provide custody for the securities and dollar cash deposits will also be managed via DBS.

Other stablecoins from Paxos
Paxos Trust in New York is the issuer of the PayPal stablecoin and also supports Stripe in its stablecoin acceptance. The company has its own US-based stablecoin USDP and its UAE-based affiliate, Paxos International, issued the yield-bearing stablecoin Lift Dollar (USDL). Paxos Trust was previously the issuer of the Binance USD stablecoin.

The company has always been amongst the most conservative in managing stablecoin reserves to ensure they maintain their 1:1 peg. Hence. it will hold US dollar deposits, short dated Treasuries and ‘other cash equivalents’. 

The whitepaper states other reserves include reverse repurchase (repo) agreements and institutional government money market funds. Reverse repo agreements involve temporarily lending cash (usually to banks) in exchange for collateral, in this case US government securities.

Stateside, Paxos structured as a New York regulated Trust to provide maximum protection to holders in the event of a bankruptcy. Likewise, Paxos Digital Singapore holds the assets in trust on behalf of stablecoin holders via segregated safeguarding accounts.

Anyone that has opened an account with Paxos (ie. has been through KYC) can redeem the stablecoin directly. It will usually take around a day but up to a maximum of five days in compliance with Singapore regulations. The minimum redemption amount is equivalent to the cost of the wire fee.

@ Newshounds News™

Source:  Ledger Insights

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CRYPTO VOTERS GUIDE TO CONGRESSIONAL LEGISLATION FOR THE 2024 ELECTION

The 2024 United States elections will be held on Nov. 5, as digital asset policy becomes a growing concern among pro-crypto voters.

As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace the future of money.

Clear and comprehensive digital asset policy in the United States remains elusive, as regulators like the Securities and Exchange Commission (SEC) regulate through enforcement action, rather than rulemaking. This lack of a coherent framework is a growing concern for elected lawmakers, industry service providers, and single-issue crypto voters.

While understanding a particular candidate’s stance on crypto policy is key, voters must also understand the underlying legislation currently being considered in the House and the Senate. Listed below are the key pieces of legislation currently up for consideration.

Financial Innovation and Technology for the 21st Century Act
The Financial Innovation and Technology for the 21st Century Act (FIT21) — introduced by Pennsylvania Congressman Glenn Thompson in 2023 — aims to establish a comprehensive digital asset regulatory framework by bringing sufficiently decentralized assets under the purview of the Commodity Futures Trading Commission (CFTC). The bill features these defining criteria for sufficient decentralization:

“If, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset.”

However, the bill also gives the SEC authority to regulate digital assets deemed as securities. In May 2024, the bill passed in the House and must pass in the Senate before it is handed to the President for consideration.

CBDC Anti-Surveillance State Act
Minnesota Rep. Tom Emmer first introduced the CBDC Anti-Surveillance State Act in 2023.

The bill’s goal is to prohibit the Federal Reserve Bank from ever creating a consumer-facing central bank digital currency (CBDC), or otherwise maintaining accounts on behalf of individuals.

Moreover, the bill seeks to restrict the Federal Reserve from “Using a central bank digital currency to implement monetary policy or from issuing a central bank digital currency,” entirely.

CBDCs face widespread criticism from the crypto community, liberty-minded individuals, privacy advocates, and commercial banks. In May 2024, the bill passed in the US House and awaits a vote in the Senate.

Clarity for Payment Stablecoins Act of 2024
The Clarity for Payment Stablecoins Act is a re-introduction of a 2023 bill of the same name from Rep. Patrick McHenry and seeks to establish a comprehensive regulatory framework for US-dollar stablecoins.

A key difference between the newer draft and the earlier bill is a provision allowing stablecoin issuers with a market capitalization under $10 billion to be regulated at the state level, rather than the federal level.

The previous version of the bill advanced to the House floor but has not yet passed in either chamber. Senators Lummis and Gillibrand also proposed a similar bill to the Senate in April 2024, to establish a stablecoin regulatory framework.

Digital Asset Anti-Money Laundering Act
First introduced by Massachusetts Senator Elizabeth Warren in July 2023, the Digital Asset Anti-Money Laundering Act proposes that digital asset providers should be subject to the same reporting requirements as traditional financial institutions under the Bank Secrecy Act.

Warren is one of the crypto industry’s most vocal critics, and the 2023 bill has faced significant backlash as one of the most anti-crypto pieces of legislation currently up for consideration.

The bill has not yet passed in either chamber of Congress and even lost support from its cosponsor, Republican Senator Roger Marshall, in July 2024.

Financial Technology Protection Act of 2023
The Financial Technology Protection Act of 2023, proposed by Iowa Rep. Zachary Nunn, aims to create the Financial Technology Working Group to combat illicit finance in terrorism and organized crime in emerging financial technologies.

Earlier in 2024, the bill passed in the United States House of Representatives and has been submitted to the Senate for deliberation.

Equal Opportunity for All Investors Act
Introduced by Nebraska Congressman Mike Flood in April 2023, the Equal Opportunity for All Investors Act would expand the definition of an “accredited investor” — lowering the barrier to entry for participation in private securities sales and offerings.

More specifically, the bill would allow individuals to qualify as accredited investors by passing a knowledge test administered by the SEC.

In 2020, the SEC amended its long-standing criteria for an accredited investor to emphasize financial knowledge rather than net worth, income, or wealth. The Equal Opportunity for All Investors Act was passed in the US House of Representatives but has not yet passed in the Senate.

The Blockchain Regulatory Certainty Act
Rep. Tom Emmer — one of crypto’s most vocal proponents — submitted the Blockchain Regulatory Certainty Act to the US House of Representatives in March 2023. The bill’s central goal is to exempt blockchain developers and service providers from traditional financial reporting requirements, as long as they do not handle customer funds.

The bipartisan bill was approved by the House Financial Services Committee in July 2023, and allowed to advance to the US House of Representatives but has yet to pass in either chamber of Congress.

Keep Your Coins Act
Ohio Congressman Warren Davidson introduced the Keep Your Coins Act in July 2023 as a consumer-facing protection meant to restrict regulatory agencies from preventing US citizens from using self-custodial wallets to transact.

At this time, it is unclear whether the bill will be passed into law or garner widespread support.

@ Newshounds News™

Source:  CoinTelegraph

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🌱 AUDIO INTEL AND MORE WITH BOB LOCK, JIM SILVER 57, R JAX AND LOWTIDE. GREAT INFO.  |  YOUTUBE

If you missed the Constitution Call last night, here is the replay.  We started off with any NEW news from Mason and Jim, INTEL.  We were Joined by Bob Lock.  Lots of great info including Election News near the end.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts   

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What Is A Financial Advisor and What Do They Do?

What Is A Financial Advisor and What Do They Do?

Robin Hartill, CFP® Thu, October 31, 2024  Yahoo Personal Finance

If you need help managing your money or you’re not sure whether you’re on track for a major life goal, a financial advisor can be an important ally.

A financial advisor is a professional who helps you create and implement a financial plan, manage your finances, and monitor your progress as you work toward your fiscal goals.

But the term “financial advisor” is a fairly broad one. Financial advisors often hold various licenses and certifications, but there’s no specific credential that someone needs to hold in order to call themself a financial advisor — though many common services financial advisors provide, like buying and selling securities, do require a license. That makes it extra important to vet an advisor and make sure they’re qualified to help you manage your money.

If you’re debating whether to hire a financial advisor and aren’t sure where to start, you’re in the right place. In this article, you’ll learn about the different types of financial advisors, what financial advisors do, how much a financial advisor costs, and how to choose the best advisor for you, including knowing which questions to ask.

Types of financial advisors

There are many different titles a financial advisor can go by, each of which has different requirements. Many of the types of financial advisors listed below work as personal financial advisors, meaning they primarily provide advice to individuals. However, some of the professionals listed below may focus on advising corporations or organizations instead.

When you decide what type of advisor you want to work with, it’s important to understand the difference between a fiduciary vs. non-fiduciary advisor. Many (but not all) financial advisors are held to a fiduciary standard, which means they’re required to act in their client’s best interest. A fiduciary must disclose any potential conflict of interest to the client up-front.

Other types of advisors are only held to what’s known as a suitability standard. That means they’re required to make recommendations they believe are appropriate for their client’s needs.

Investment ‘advisers’

An investment “adviser” is paid to provide advice about securities like stocks and bonds. Anyone who provides investment advice (as most financial “advisors” do) must register with either the U.S. Securities and Exchange Commission (SEC) or state securities regulators, depending on the value of assets under management. They’re also required to hold a securities license.

TO READ MORE:  https://finance.yahoo.com/personal-finance/what-is-a-financial-advisor-and-what-does-a-financial-advisor-do-152541716.html

News, Rumors and Opinions Saturday AM 11-2-2024

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 Sat. 2 Nov. 2024

Compiled Sat. 2 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Fri. 1 Nov. 2024 Mike Bara: OK, so just when I was ready to give up on this thing happening before the election, I get this: “The US election n will not change the timing. All countries and banks have signed the necessary treaties and are ready. Dinar will lead the way on Sunday/Monday. Bonds/GCR on Tuesday.” I guess they decided the chaos of the US election is actually the perfect cover. We will see, but hang in there!

Fri. 1 Nov. 2024 TNT Tony via Fred Koch on Telegram: “TNT seems to confirm Wolvie’s Intel. They claim banks had an emergency meeting and they came to the conclusion that they would prepare over the weekend for T4b launch on Mon. 4 Nov. 2024.”

Fri. 1 Nov. 2024 Wolverine Call:

I got some wonderful news, and I have spoken to paymasters and bank officials. The green light has been given. We are just about to cross the finish line. 

Our friend Charlie Ward has always said nothing will happen till after the election. He was dead on, and has never moved from that opinion, and he was absolutely right.  

The codes have been locked in, authority has been given, and by next week we will be celebrating. We have million percent assurance it is now all coming through.

The main leaders from all countries (Mauricio may have been included on that), have been called to receive their blessing.  

I have spoken to the leaders of the platforms, and they are in the same intel as myself, and also been told same. The Precatorias should be released by Tuesday or Wednesday for people who are in that platform.

Each platform is different. When these people see their money, they then have to release that money to the members (I am not talking about currency, I am talking about bondholders).  They will decide when they can release it, because it is not as easy as pressing a green. They must do all by the book, get it all ready, get all the sub-leaders together to release the money to their people. All has to be done to be timed correctly.

They have till the 10th of November to RELEASE ALL OF IT – ALL HAS TO BE RELEASED!!!  This has been Verified and vetted.  

I know we have been going through “it is coming and it is coming tomorrow “but in speaking to the general paymasters (not the ones in South America) they have assured me that all is now coming.

I had the privilege of being on a private call for a private contractor, and the amount of money is a huge amount of money to come through to be used for humanitarian purposes.

Now for the currencies, I know everyone has been waiting for their currency notification that should come in with the Grace of God, after the election results on Tuesday 5 Nov.

I know you have been waiting, but this has come from official channels. God Bless you. Be patient. Hopefully, we will have an incredible celebration next week. I would like to meet all of you at the get together and give you all a huge hug.

Fri. 1 Nov. 2024: BOOOM! Global Financial Revolution: How Starlink, Basel III, and ISO20022 Are Blowing Up Traditional Banking! – amg-news.com – American Media Group

Fri. 1 Nov. 2024: Quantum Financial System Goes Live: Cabal Wealth Seized, Global Currency Reset in Motion, Quantum Satellites and Military-Guarded Nodes Secure the Greatest Financial Revolution of Our Time! – Gazetteller

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Global Financial Crisis:

Fri. 1 Nov. 2024: CEO of US’ largest bank JPMorgan CEO says ‘it’s time to fight back as things are becoming …’ – Times of India: https://timesofindia.indiatimes.com/technology/tech-news/ceo-of-us-largest-bank-jpmorgan-ceo-says-its-time-to-fight-back-as-things-are-becoming-/articleshow/114825978.cms

U.S. Stocks now account for 49% of the World’s Market Cap!  The last time this level was breached was just before the Dot Com Bubble

Intel $INTC is set to lay off close to another 17,000 employees after laying off 20,000 earlier in the year

Fri. 1 Nov. 2024: BREAKING: Nearly 953 Billion Dollars Has Been Wiped Out From the US Stock Market Today – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/11/02/restored-republic-via-a-gcr-update-as-of-november-2-2024/

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

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

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:
Mr. Sammy said all branch bank managers have gone through and now completed international service standards in banking reforms as of yesterday morning.  FRANK: Why?  Because of the float.  You have to have a new exchange rate if you're going to float it.

Walkingstick  [Iraqi Bank Manager Friend Aki Update]  They are about to open many hundreds of ATM exchange enters outside of Iraqi borders.  We call them currency exchange centers.  Aki owns 90 of these centers.  It is not him by himself.  Aki is part of a conglomerate.  His business partners, there's 18 of them, they own 90 of these 'currency exchange centers' around the world.  The exchange centers are under the control of the GOI and CBI.  They both control the exchange rate of the Iraqi dinar.

Walkingstick   It would behoove them to now put the pictures and the explanations of the lower denoms on the bulletin boards at these currency exchange centers.  Aki owns 90 of these exchange centers with his conglomerate.  You know why?  Because it's all about the money.  They don't get involved in politics.  They don't care about parliament.  They don't care about any delays.  It's only about the bottom line.

THIS IS IT! THE POINT OF NO RETURN... EXPECT ANYTHING AND TAKE ACTION NOW.

Greg Mannarino:  11-1-2024

https://www.youtube.com/watch?v=1p2mhA3zZ3o

BRICS Precious Metals Exchange: A Game Changer for Global Finance?

Express EconGeoFinance Insights:  11-1-2024

The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, are taking a bold step towards gaining control over the global precious metals market. In this video, we'll explore the implications of this move and what it means for the future of gold, silver, and other precious metals. Will this shift in power dynamics change the way we think about investing in precious metals? Tune in to find out.

https://www.youtube.com/watch?v=qaOUyQqGI_8

MilitiaMan & Crew News Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operations-OMO

MilitiaMan & Crew News Report-Iraq 3 Presidents-National-Constitutional Entitlements-Open Market Operations-OMO

11-1-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI, Brtan’s Place  and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=E2vTvO0HHbI

Iraq Economic News and Points To Ponder Late Friday Evening 11-1-24

Iraq Economic News and Points To Ponder Late Friday Evening 11-1-24

In Cooperation With A Foreign Advisor.. A Parliamentary Committee Announces Its Efforts To Amend The Oil Ministry Law

Economy  | 01/11/2024  Mawazine News – Baghdad  The Parliamentary Oil and Gas Committee announced today, Friday, a move to amend the Ministry of Oil Law 101 of 1976, while indicating that the draft will be presented to the Council of Ministers soon.

MP Basem Naghmish, a member of the Oil and Gas Committee, said: “A subcommittee was formed within the Oil and Gas Committee to review the legislation related to the oil sector, and it was called the “Oil Legislation Committee”.

He explained that “the committee is working to review several laws, with the aim of amending them to suit the current requirements of the oil sector”, indicating that “among these laws is the Oil Ministry Organization Law No. (101) of 1976, which is considered an old law that was amended about three times, the last of which was in 1982”.

He added that “the ministry witnessed many technological and administrative developments during the period after 2003, as the work of the Oil Ministry expanded and formations multiplied, in addition to the creation of some formations”.

He pointed out that “the draft to amend the law is still in the preparation phase, and cooperation is being done with a foreign consultant contracted with the ministry to provide his comments, and then the draft will be submitted to the Council of Ministers and to the advisors, and then to the State Council, in order to study the extent of its consistency with the legal system in the country”.

He continued: “After that, the draft will return to the Council of Ministers and then to House of Representatives to complete legislative procedures  https://www.mawazin.net/Details.aspx?jimare=256263

Oil Prices Continue To Gain.. Brent Exceeds $ 74

Energy  Economy News - Follow-up  Oil prices extended gains in early Friday trading, jumping more than a dollar a barrel, trimming their weekly losses after reports that Iran was preparing to launch a retaliatory strike on Israel from Iraqi territory in the coming days.

Brent crude futures, which began trading for January, rose $1.31, or 1.80 percent, to $74.12 a barrel by 0128 GMT.

U.S. West Texas Intermediate (WTI) crude futures rose $1.35, or 1.95 percent, to $70.61 a barrel after settling 0.95 percent higher in the previous session, Reuters data showed.

Israeli intelligence indicates that Iran is preparing to attack Israel from Iraqi territory in the coming days, perhaps before the upcoming US presidential elections on November 5, according to what the Axios website reported yesterday, Thursday, citing two unnamed Israeli sources.

https://economy-news.net/content.php?id=49365

Iraq Reduces Oil Exports To 3.3 Million Barrels Per Day

Friday 01, November 2024 | Economic Number of readings: 174  Baghdad / NINA / The Ministry of Oil announced today, Friday, that Iraq has reduced its production and reduced its oil exports to 3.3 million barrels per day.

The ministry stated in a statement, "In line with the commitment of the Republic of Iraq to the decisions of OPEC and the allied countries within the Joint Cooperation Agreement (DoC) regarding the voluntary reduction of oil production, we confirm that Iraq has reduced its production and reduced its oil exports to 3.3 million barrels per day, in addition to reducing domestic consumption."

The statement added, "This reduction will continue during the coming months to ensure that production remains within the agreed limits, and to compensate for the surplus produced in the past months," stressing that "this measure aims to enhance balance and stability in global oil markets." / End8

https://ninanews.com/Website/News/Details?key=1165668

Al-Mandlawi And Al-Hakim Agree To Proceed With The Legislation Of Important Laws And Activate The Supervisory Aspect

Friday 01 November 2024 | Politics Number of readings: 217   Baghdad / NINA / The First Deputy Speaker of the Council of Representatives, Mohsen Al-Mandalawi, received at his residence today, Friday, the head of the National Wisdom Movement, Ammar Al-Hakim.

Al-Hakim congratulated the success of the process of electing a new Speaker of the Council of Representatives, which contributes to completing the political entitlements and continuing the steps to strengthen the oversight and legislative role, praising the great role of Al-Mandalawi, who worked to manage the legislative authority with all professionalism and transparency and contributed to the completion of a group of the most important laws that were suspended for long periods.

Al-Mandalawi said that all national political forces work on the principle of keenness, responsibility and integrated work to activate the oversight and legislative aspect and increase interest in meeting the aspirations of the people and supporting service orientations, and preserving security and stability. /End8   https://ninanews.com/Website/News/Details?Key=1165676

Presidencies Congratulate And Powers Bless The Resolution Of The Knot Of Choosing The Speaker Of Parliament

November 1, 2024  Baghdad - Nada Shawkat  Baghdad streets turned into lakes after a wave of heavy rains, the day after MP Mahmoud al-Mashhadani was elected as Speaker of Parliament following disputes over the position that lasted for about a year after the dismissal of former Speaker Mohammed al-Halbousi by a decision of the Federal Supreme Court, indicating that his election reflects a new beginning full of goodness and opportunities.

Al-Mashhadani said after announcing that he had gained the confidence of the representatives that (this responsibility is an important and great assignment and I will do my utmost to live up to your expectations and I hope to be at its level, and from here I pledge to you that we will work as a cohesive team to legislate laws that serve the people of our country, and I put my hand in yours to monitor the performance of the government and its program that it presented to the House of Representatives when it was approved and during the remaining period of its life to reach the best desired results). Prime Minister Mohammed Shia al-Sudani congratulated al-Mashhadani on his election as Speaker of Parliament.

Al-Sudani confirmed in a statement received by (Al-Zaman) yesterday (the government's determination to continue implementing its service and development program, in full cooperation with the constitutional authorities, foremost of which is the legislative and oversight authority, represented by the House of Representatives).

For his part, President of the Republic Abdul Latif Jamal Rashid considered the election of the parliament as its speaker an important step in completing the constitutional and national entitlements.

 Rashid said in a post on the X platform (Sincere congratulations to Al-Mashhadani on the occasion of his election as Speaker of the Council of Representatives), adding that (the election of the Council of Representatives as its Speaker is an important step in completing the constitutional and national entitlements).

Meanwhile, the President of the Kurdistan Region, Nechirvan Barzani, expressed in a statement received by (Al-Zaman) yesterday his hope that (the election of Al-Mashhadani will contribute to strengthening national solidarity, and will push everyone to make every possible effort to serve the homeland with all its components).

For his part, the Prime Minister of the region, Masrour Barzani, congratulated Al-Mashhadani in a statement yesterday on the occasion of his election as Speaker of the Federal Council of Representatives, wishing him success in performing his duties).

The First Deputy Speaker of the Council of Representatives, Mohsen Al-Mandalawi, congratulated Al-Mashhadani on the occasion of his election as Speaker of the Iraqi Council of Representatives in its fifth session.

In a statement received by (Al-Zaman) yesterday, he said that (the presidency and members of the House of Representatives are keen, during the current parliamentary session, to complete the maturation and legislation of laws that meet the aspirations of the people and touch their living and service reality). Meanwhile, the Minister of Industry and Minerals, Khaled Batal Al-Najm, congratulated Al-Mashhadani on his election as Speaker of the Iraqi House of Representatives.

 In a statement received by (Al-Zaman) yesterday, Al-Najm wished (Al-Mashhadani success in his duties to serve Iraq, achieve the aspirations of the people, and enhance the legislative and oversight role of the Iraqi Parliament).

 In addition, the head of the Progress Party, Mohammed Al-Halbousi, received Al-Mashhadani after his election as Speaker of the House of Representatives. Yesterday's statement said that (the meeting witnessed discussion of a number of files and laws to be legislated in Parliament).

Al-Halbousi had previously accused Al-Sudani of communicating with the representatives to support another candidate for the presidency of Parliament. He said in a televised statement yesterday that (many forces have abandoned their position for political motives).

The former head of the Sovereignty Alliance, Khamis Al-Khanjar, also met with Al-Mashhadani and a number of the alliance’s representatives.

Yesterday’s statement indicated that (Al-Khanjar congratulated Al-Mashhadani on gaining the confidence of the representatives, and reminded him of the amnesty law and the dissolution of the Accountability and Justice Commission).

The head of the Azm Alliance, Muthanna Al-Samarra’i, received the new Speaker of the House of Representatives.

Yesterday’s statement said that (Al-Samarra’i received Al-Mashhadani, and praised the support provided by the national forces to back the alliance’s demand to hold the session and elect him with the aim of achieving this important entitlement).Al-Mashhadani received 181 votes, compared to 43 votes for Salem Al-Issawi.

The House of Representatives went to a second round to elect its new speaker, during a session held the day before yesterday, after no candidate received enough votes to win.

The results of the first round showed that the candidate of the Progress Party, the Sunni majority, and a number of blocs of the Coordination Framework, Al-Mashhadani, came ahead after receiving 153 votes, while Al-Issawi, the candidate of the Azm and Sovereignty Alliances, received 95 votes, while independent MP Amer Abdul Jabbar received 9 votes, while there were 15 invalid votes.  LINK

 For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Short Friday Evening Chat With MarkZ 11-1-2024

Friday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Evening and welcome to the weekend

Member: I saw some skeletons on a front porch yesterday and I thought it was a thing for Halloween but then a found out it was people waiting for the RV.

MZ: “Iraq signs gas field development contract “ This is important . Under Saadam Hussein they burned off the natural gas. Today they signed 14 contracts expected to add 850 million cubic feet of gas per day. This is going straight to the Iraqi coffers. They can afford a revaluation of their currency.  This is a country on the precipice of greatness.

Member: What do you think the rate is going to be Mark.

MZ: Just a guess….But, I think it could be $3.91.

MZ: No CMKX updates …but I have been searching for one.

Member: Silence is golden?

MZ: I think it is.

Member: doesn’t it make sense that maybe the Iraqi dinar goes by itself as a test and then the rest of the currencies follow?

MZ: On the bond side still great expectations. Possibly the facilitators getting their 1% over the weekend. If this happens we will celebrate. I will keep you updated.

Member: Will redemption center bankers be working this weekend.

MZ: Two out of 3 told me they will be working this weekend. At least half the weekend. Don’t know if its more preparation to be ready…..or if they hope to actually be processing people. .

Member: What song is the Fat lady going to sing when RV happens?

Member: The fat lady is gonna sing ( These Boots are made for walking)

Member: Only 3 days until the election…..Then maybe the PTB will pull the RV trigger!!!

Member: This coming Monday people around the world are going to pray for our world at 6 PM your local time!!!!!!

Member: Thanks Mark and mods….see you all tomorrow morning

Member: Good to be here with such great people... have a fabulously fantastic weekend everyone!

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

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

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

JOIN US ON SATURDAY MORNING AT 9:45 AM WITH THE CBD GURUS AND NEWS AT 10:30 AM! SEE YOU THERE.

Youtube:     https://www.youtube.com/watch?v=JITWh2Vw9yE

GoldSilver: What are the BRICS Nations Preparing for?

GoldSilver: What are the BRICS Nations Preparing for?

Mike Malony:  Nov. 1, 2024

BRICS is making waves on the global stage, and in this eye-opening video, we explore the recent BRICS Summit's key revelations, highlighting the alliance's economic resilience, military strategies, and ambitious plans to reshape international trade systems.

Despite facing heavy Western sanctions, Russia and its BRICS partners seem far from isolated. In fact, they’re laying the groundwork for a new world order. Discover:

The impressive economic gains of BRICS nations, including India's role as a major trade intermediary.

How Russia’s oil revenues continue to thrive despite sanctions.

Alarming military developments, from North Korean troops in Ukraine to Iran’s call for a global military coalition.

A deeper look into Russia’s narrative on the Ukraine conflict and the contradictions in claims of its isolation.

Strategic moves towards decoupling from Western financial influence, including Putin’s plans for food security and local currency settlements.

As tensions rise globally, are we on the brink of a major shift? Prepare to rethink everything.

In a world increasingly divided along geopolitical lines, the BRICS alliance (Brazil, Russia, India, China, and South Africa) is making significant waves on the global stage. Recently, an eye-opening video by GoldSilver featuring Alan Hibbard peeled back the layers on the latest BRICS Summit, shedding light on the alliance’s growing economic resilience, military strategies, and ambitious plans to reshape international trade systems.

Despite heavy Western sanctions, particularly against Russia, BRICS nations appear to be crafting a robust counter-narrative to the established order, signaling the potential for a new world dynamic.

One of the most striking aspects of the recent BRICS Summit is the impressive economic gains shown by its member nations. Hibbard points out how India, in particular, is emerging as a significant trade intermediary, bridging gaps between East and West while facilitating trade routes that bypass traditional Western-dominated systems.

This pivot towards local currencies and bilateral trade agreements showcases BRICS nations’ commitment to establishing an economic framework less reliant on the U.S. dollar.

Russia, often viewed through a lens of isolation due to stringent sanctions, continues to see its oil revenues soar, bolstered by rising demand in Asia and selective trade partnerships. The adaptability of these nations in the face of Western pressures not only undermines the efficacy of sanctions but also affirms BRICS’ resolve to carve out an independent economic space.

One of the most pivotal discussions at the recent BRICS Summit revolved around the strategic moves to decouple from Western financial dominance. Hibbard highlights President Putin’s plans for achieving food security through enhanced local currency settlements, underscoring a shift that could disrupt the prevailing dollar-centric global trading system.

 As BRICS nations maneuver to establish alternative financial mechanisms, the implications are profound: we may be witnessing the early foundations of a multi-currency system that challenges the longstanding supremacy of the U.S. dollar.

As tensions escalate globally, the world finds itself on the precipice of a significant shift. The BRICS alliance, through its economic, military, and strategic initiatives, asserts itself as a formidable player on the international stage. Hibbard’s insights compel us to reconsider previously held notions about isolation, cooperation, and the ever-evolving dynamics of global power structures.

In conclusion, the BRICS nations are not merely reacting to external pressures; they are actively defining their future through collaboration, resilience, and innovation. As we navigate these changes, it is crucial for observers and participants in the global arena to reassess their strategies and alliances, preparing for a reality that may look vastly different in the not-so-distant future.

The question looms large: are we on the brink of a major shift in the global order? Only time will tell, but with BRICS making such substantive moves, it seems more plausible than ever.

https://www.youtube.com/watch?v=vnPAJYZgrx4

Bruce’s Big Call Dinar Intel Thursday Night 10-31-24

Bruce’s Big Call Dinar Intel Thursday Night 10-31-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. it's Thursday October 31st . yes, it's all hallowed eve. and welcome everybody to the big call.  So  before we get started with Sue's teaching tonight. Let's welcome everybody to the call. And let's go ahead and pray the call in. Then we will be thanking everybody that's tuned in all over the globe tonight.

Thank you, Bob for that segment. I love hearing about circulation mat and everything that it can do, and I think everybody enjoys that. And I wouldn't be surprised if you get quite a few phone calls about it tomorrow.

Let's talk about Intel and where we stand right now – This is a great time, and I'm doing the best I can to bring you the latest and newest version of what it is we're looking for. And so it's always exciting when I get something new, and when I want to be able to bring that to you, it excites me, and hopefully it excites you as well. 

Let's just start with a few things we've heard about NESARA and GESARA. And the latest thing we've heard about NESARA and GESARA is that both will start this weekend. Now, will they be announced this weekend? Friday, Saturday or Sunday? It's quite possible we do get some form of announcement we're supposed to start over the weekend, alright - that sounds good –

We are supposed to have tomorrow the introduction of the USN and Sue was referring earlier to Terry, who was keeping up with the UN operational rates and the UN operational rate page, which has been down for a while, but it normally, traditionally comes up on the first day of the month, which would be tomorrow, and brings them the latest rates that are used for the IMF  and UN  and it gives us currency rates for a number of major countries around the world.

 Now it also happens on the first and the 15th of the month. The first is tomorrow  the 15th . Would be two weeks from tomorrow, Friday the 15th, but it is possible, because of what we're looking for, which is a new international rate on the dinar, which is out - we've heard -  it is out and being traded in the Middle East already, but it may be that until we're ready to go, meaning until our notifications come out, it might not appear for two to three days later than tomorrow - you tomorrow, instead of Friday, the first - it could be, you know, the third, fourth, fifth, whatever.

It might not make it on the screens tomorrow. And it used to be that you needed a subscription of some kind to even see that UN operational rate page - it didn't used to be before in the old days, you know, eight and 10 years ago, but more recently, you would have to have a subscription to even get and bring up the UN operational rates. Now. Thank you for tracking that for us Terry  -  so we'll see where that goes.

The other thing is like that the Forex used to be something that was pretty east to pull up and you could see, and you could get an idea of what currencies are trading  -at what values and what volume and so on.

But now you have to have a subscription to it, and unless you're in the business of trading currencies and so on - or one of banks you generally don't have access to the Forex, and even our banks usually don't have it, but they've been trading this going on, and they have rates on the bank screens, and we have them on the redemption center screens that are separate, but they also have those rates as well.

All right. So this is where we believe we are right now. We know that the banks are to receive three distinct emails from Treasury, from Wells Fargo and another sending source, and we know they've received one now these are the bankers that are heads of the of the redemption center, or heads of the banks, both have received their first email  - one yesterday, and the other redemption center, for example, received theirs at 10am this morning.

They are supposed to receive one more of the three emails, email number two this afternoon, we did not get confirmation that occurred -  that would be, theoretically, that would be coming from Treasury. The third one, which should occur sometime tomorrow, should be received - That one should be from Wells Fargo.

So these three emails that are coming in to the bank now, this is to the banks and well also to the redemption centers, are in play right now. They're in process. Number one has happened. Number two should have happened, but I don't have confirmation of it, and number three is supposed to happen tomorrow.

Now, redemption center staffs were on call yesterday and did not go in – today they were all to go in, fully staffed, and my understanding was two of the staff members were in, and one was on standby to come in.

Now we did not get rates today. It wouldn't surprise me if they came in, maybe they had a call, conference call, and maybe they just went home.

I believe that where we stand now with bond holders is bond holders still do not have access to the funds in their respective accounts. They, in a sense, have been paid in the sense that the funds from the transactions of the bonds should be in their accounts. Some of them can see how much they have in their account, but none of them have access to it and can spend that those monies yet, they also are looking for emails to come out, and this is the plan that I've heard today.

They are to receive those emails on the on Saturday or Sunday, and maybe Saturday and Sunday, which would be the weekend that would tell them when they would have access to those funds. It may not give them immediate access, but it will tell them when they would be able to access those funds.

Now to us in tier four, A and B, we're looking forward to receiving our emails, which would have the toll free number in it to call to set our appointments to go in for our exchanges, right --  to the redemption centers, not to the banks, but to the redemption centers. And so we're looking to receive those. The latest I've heard is Sunday or Monday, in which case we might be able to exchange or Wednesday.

So let's back this up. Tuesday is election day, the fifth of November. Wednesday is the sixth. It could be that we get our emails prior to the election and then we win for our redemption. I don't believe it would be on Election Day. --  Personally, I think it would be on Wednesday, the 6th  

So that is sort of yet to be determined. I mean, more information is going to come to me in the early afternoon tomorrow, that doesn’t  help us for tonight, and we're going to get other information from a very high up source on Saturday around lunchtime, that doesn't help us for tonight either.

So let's back this up. Tuesday is election day, the fifth of November. Wednesday is the sixth. It could be that we get our emails prior to the election and then we win for our redemption. I don't believe it would be on Election Day. Personally, I think it would be on Wednesday the 6th .

So I would say early voting is supposed to end sometime tomorrow, probably at five or six o'clock in the evening tomorrow. So go ahead, if you can early vote, and if not, plan on being at your polling place on Tuesday, November, and we'll see what happens, and we'll track that, and we will plan on having on Tuesday. That could be really interesting, wouldn't it?

Let's see if we have a call, we're planning to do it at this point, we'll keep you informed. You know, when we when we're on the call about that and the way the elections go anyway, we'll probably be getting information late into the night Tuesday. So maybe we'll not have a very long call.

Maybe we'll have numbers, and I've been told, if we have that, they do want me to put those out on a live call. If we get them, and we get them in time to put it out on Tuesday or Thursday call, I would do that. I'd be prepared to put that out. So maybe that's the case. I would hope.

So I would hope we would get it before that. Now I don't know what is. What tomorrow is going to bring, other than the start of the US and our currency, and that's the designation states note us and or us new meaning the new dollar could very well be something that we're able to talk about, or maybe we see it, and maybe the UN operational rates reflect the USN.

Personally, don't think that the dinar will show up on the UN operational rate. I think they'll wait we're ready to start before that shows up for us, at least for us to see. So there's still some unanswered questions. Does this happen for us prior to the election on the fifth, or do we get the numbers prior appointments for exchanges to begin on Wednesday the sixth? You know, there are a lot of questions.

We're getting more and more puzzle pieces every day, and some of the pieces are beginning to fit, and some of them are still on the side, looking for other pieces to fit into. It's been a real challenge with the information that's come in, yesterday, today, and what we expect to hear this few days. But I would say this is a great time for us to be part of this and to look forward to all of this.

That's really everything. I think I can share with you guys tonight. Fortunately, I have my phone and I can be so I'm not going to misplace it tonight.

Okay, and I want everybody to have a great weekend. Be kind of halfway through your emails. I don't know how soon they're going to hit you guys told Sunday, so let's see if that's when they happen. I'd love to have them before the fifth. I love to have to know that we're going to start Wednesday. I don't know about Tuesday. Tuesdays in play. I just don't know if they'll do that on election day. I don't know.

They just thank you guys for allowing us to get this information out. Let's see what this is going to be interesting weekend and week coming up.

This is an exciting time for a lot of things to pop in our lives, we look for being good stewards so this thing that's coming and doing the right thing with the funds and helping raise the bar for humanity, level the playing field and help people that need the help, not only in this country, but around the world.

Bruce’s Big Call Dinar Intel Thursday Night 10-31-24  REPLAY LINK  Intel Begins   1:15:45

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsLA

Bruce’s Big Call Dinar Intel Tuesday Night 10-29-24  REPLAY LINK  Intel Begins 1:13:23

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsb8

Bruce’s Big Call Dinar Intel Thursday Night 10-24-24  REPLAY LINK  Intel Begins   1:13:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsBG

Bruce’s Big Call Dinar Intel Tuesday Night 10-22-24  REPLAY LINK  Intel Begins 1:15:35

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsfi

Bruce’s Big Call Dinar Intel Thursday Night 10-17-24  REPLAY LINK  Intel Begins   1:18:55

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHs9n

Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24  REPLAY LINK  Intel Begins 1:11:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsjO

Bruce’s Big Call Dinar Intel Thursday Night 10-10-24  REPLAY LINK  Intel Begins   51:11

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgVk

Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  REPLAY LINK  Intel Begins 1:03:35

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgEt

Bruce’s Big Call Dinar Intel Thursday Night 10-3-24  REPLAY LINK  Intel Begins   1:08:08

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgTi

Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24  REPLAY LINK  Intel Begins   1:14:45

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgB5

Ariel: Ladies and Gentlemen Start Your Engines 10-31-2024

Ariel:  Ladies and Gentlemen Start your Engines  10-31-2024

10-31-2024

Iraqi Dinar Update

Currency Auctions
2025 Budget
New Electronic Cards
New Lower Denominations

The Iraqi News Wire

The volume of currency issued in circulation is approaching 100 trillion dinars.

▪︎ Foreign exchange reserves exceed $100 billion
▪︎ Next year they witness major transformations in the restructuring of government and private banks.
▪︎ The growth rate of the money supply rose from 46 trillion to 100 trillion in two years.
▪︎ External debt does not exceed 20 billion dollars
▪︎ The current inflation rate is 3.8%, which is a typical rate.
▪︎ They have granted licenses to 16 electronic payment companies.

Possible Timeline For New Exchange Rate

End 2024: The Cancellation of currency auctions, which could open the door to a new, stabilized rate.

Early 2025: Potential introduction of a new exchange rate or redenomination, likely with lower denominations in January.

2025 and Beyond: Continued modernization and integration of the Iraqi banking sector, leading to enhanced stability and economic growth, which supports a stronger dinar.

Currency Auctions: The move to phase out currency auctions by the end of 2024 is part of their effort to stabilize the dinar and eliminate rate distortions caused by reliance on auction-based exchange mechanisms. This shift allows them to move toward a direct foreign exchange mechanism, leading to a more controlled, market-based exchange rate that better reflects the true value of the dinar in international markets.

Electronic Payments Infrastructure: The licensing of 16 new electronic payment companies is another critical step in our financial modernization strategy. These companies will play a pivotal role in increasing electronic payment adoption, facilitating both local and international transactions, and bringing Iraq’s banking infrastructure in line with global standards. This adoption is expected to improve financial inclusion and reduce reliance on cash transactions, indirectly supporting a more stable dinar.

New Lower Denominations: Plans to introduce lower denominations, potentially in early 2025, are aligned with the anticipated redenomination strategy. This initiative signals a long-term commitment to strengthening the dinar is said to contribute to easier everyday transactions, reducing inflationary pressure from currency volume in circulation and aligning Iraq’s monetary system with the broader regional and global financial ecosystem.

Iraq’s recent announcement on allowing “Category A” licenses for banks to function as exchange companies is a significant step toward economic growth and stability. With this license, banks can now offer extensive currency exchange services, enabling seamless and large-scale transactions for both individual customers and businesses. No more middle men.

Banks with a Category A license can buy and sell major currencies in high volumes. This isn’t just limited to small exchanges for travel but includes substantial transactions for international business and investment, meaning Iraqi banks can now better support large foreign currency needs. This is important to our investment.

Think about the recent announcements.

• Iraq established a exchange syndicate.
• XRP & XLM became official currencies.
• The 2025 budget was approved.
• They are supposed to select a new parliament speaker today.
• The Dinar is recovering locally. Which is purchasing power.
• The Oil & Gas Sectors signed more contracts.
• The Trade Bank of Iraq is opening new branches.
• The Mosul International Airport was built with international specifications and is 86% complete. (Amazing)

Ladies & Gentlemen Start Your Engines

Why it’s important?

• Resolution of Legislative Stalemate: The speaker’s position had been vacant since November 2023, leading to a legislative impasse. Al-Mashhadani’s election ends this nearly year-long vacuum, enabling the parliament to resume its full legislative functions.

• Facilitation of Critical Legislation: With a functioning parliament, there is renewed potential to address and pass critical laws that have been delayed, such as the Federal Oil and Gas Law. This law is crucial for defining the management and distribution of Iraq’s oil resources, a matter that has been under debate for over 15 years.

• Advancement of Monetary Reforms: A stable legislative environment is essential for implementing monetary reforms aimed at economic stabilization and growth. Al-Mashhadani’s leadership can provide the necessary momentum to enact policies that enhance the financial sector’s efficiency and transparency.

Implications for Iraq’s Future:

The successful passage of the Oil and Gas Law would clarify the roles of federal and regional authorities in resource management, potentially reducing conflicts and attracting foreign investment. Similarly, monetary reforms could lead to a more stable currency and improved economic conditions, benefiting the Iraqi populace.

Source(s):
https://x.com/Prolotario1/status/1852005086739783769
https://x.com/Prolotario1/status/1852090132439994580

https://dinarchronicles.com/2024/10/31/ariel-prolotario1-ladies-and-gentlemen-start-your-engines/

Coffee with MarkZ and Mr. Cottrell. 11/01/2024

Coffee with MarkZ and Mr. Cottrell. 11/01/2024

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 Friday Morning…..hope everyone had a fun Halloween

Member: Welcome to November

Member: Could sure use some RV news today……hopefully good news.

Member: I think Mr C is right RV won’t happen until after election

Member: Is Nov our month Mark?

MZ: unfortunately we blew through Oct without it…..but Nov. sure looks good.

Member: What makes November different from October?

MZ: New cabinet positions in Iraq plus bond money movement and much more

Member: Plus the US elections will be done….so maybe Iraq will feel confident pulling the trigger when they know what administration they will be working with.

​​Member: I believe Al Sudani promised his people the rate would change in 2024

MZ: Sudani said they would end the auctions in 2024 and implied they would increase the purchasing power of the dinar as well….

Member: I hear when the auctions stop- we have our RV

MZ: Exactly.

MZ: In Iraq- It is official. There is a new speaker in Parliament today

MZ: Also in Iraq:  “Sudanese arrives in Turkey on unannounced visit”  To me this one is important. To me this means we are seeing serious progress in the HCL. (Hydro carbon Law) This is a pipeline to Turkey and part of the “Development Road Project” The new future to avoid the Suez canal is to go by land with a land bridge with transfer trucks and going by railroad.  

MZ: This will take them through Iraq, Through Turkey to their ports. There is a large portion of oil sales from Iraq will be going out through a pipeline through Turkey. Most of the oil from the Kurdish region of Iraq already goes through Turkey…So this is an important step for the HCL.

MZ: “ In cooperation with a foreign consultant-Parliamentary Committee announces the attempt to amend the law of the Ministry of Oil” This is more on the HCL

MZ: “Oil products distribute 300,000 fuel card in Kirkuk” I do know that the fuel cards and new system are part of the HCL. Think of it like a government assistance. They set aside a certain portion of oil proceeds for the citizens….They give back to the people. It’s not a handout- but a cut of the oil production.  

Member: I believe Kuwait also gives a portion of oil profits to their citizens

Member: Doesn't Alaska provide its citizens a portion of oil proceeds?

Member: Yes, Alaska residents receive a payout from oil royalties in the form of the annual Permanent Fund Dividend (PFD)

Member: It’s like what the American Indians do with their casino revenue. They share it with their tribe.

MZ: “Economic Reforms in the era of the Sudanese- How have fiscal policies changed in two years” This is a fantastic read for all you folks who think everything is the same and its another Groundhog day.

Member: Will Non Iraqi citizens be able to redeem IQD for increase after revaluation without committing it to direct Iraqi investment?

MZ: Absolutely.  

MZ: On the bond side: Same story and same positivity ….. But I do not think we will see a bond holder with funds until early next week. But, if we see a facilitator with money before that  (which is highly possible) this weekend- we will know it is party time.

Member: Is it possible we could get our notifications before bond holders get their Money

MZ: Absolutely. My guess they start getting paid the same time we get notices to make appointments. It would be too hard to keep things quiet any other way.

Member: A shotgun start makes sense

Members: Others say we get notified anytime after Nov. 6th.

MZ: That is pretty much what the upper echelon in banking are saying now. .

Member: We have been on edge for such a long time waiting for the RV to happen, imagine being a bond holder, seeing your funds on a screen but not having access?

Member: Jeff Rahm last night said we would get 39-50 million for zim but 80% of that would be kept for projects. the 29% we get will be paid out over time.

Member: I always thought Zim might be paid in installments……Im ok with that as long as we get the full amount for the other currencies.

​​Member: When the RV happens will we be exchanging our Dinar for the old fiat dollars then to new currency or will it go straight from Dinar to new currency?

Meber: Wish we knew.

Member: Please stay positive. We are ALL ANXIOUS. Let's support each other.

Meber: Praying there is no violence during this upcoming election week. Everyone stock up and stay safe.

Member: Thanks Mark and Mr. C…..everyone enjoy your Friday.

Mr. Cottrell and CBD Gurus join the stream today. Please listen to the replay for their information and opinions

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

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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/

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

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

Youtube:     https://www.youtube.com/watch?v=aUF45qw76Ss