Luigi1

FROM OTHER SOURCES: The Most Difficult Option.. Warnings Of The Danger Of Floating The Iraqi Dinar Without Achieving An “Important Condition” ARTICLE: Economist Nabil Al-Marsoumi warned today, of the dangers of floating the Iraqi Dinar, noting that such a step could lead to the Dinar witnessing a violent collapse & rampant inflation that would jump prices to insane levels. Al-Marsoumi said in a post on the social networking site “Facebook”, followed by “Baghdad Today”, that “some are proposing a solution to address the double price of the Dollar against the Dinar & the existence of a large gap between the official & parallel prices through a free float of the Iraqi Dinar,” indicating, “i.e. Turk.” The Dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply & demand. Al-Marsoumi added, “Such a decision has some economic positives,” adding, “But the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.” He continued, “In light of Iraq’s lack of a national private sector that could contribute to increasing the supply of Dollars in the Iraqi market & because of the large volume of imports, which reach 67 billion Dollars annually, the only party that owns the Dollar is the government,” explaining that “in the event that the government decides not to intervene.” In the exchange market, it is expected that the Dinar will witness a violent collapse & rampant inflation that will cause prices to rise to insane levels that will cause severe damage to citizens’ living standards & the poor will become more miserable & will later lead to social tensions & a major rift in the social peace.” It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly, but rather it is released automatically in the currency market through the supply & demand mechanism that allows the price to be determined. Exchange the national currency against foreign currencies. It is worth noting that the price of the Dollar in the local markets is still experiencing a state of instability between rises & falls, even though the official price in the CBI is 132,000 Dinars per 100 Dollars, but in the local markets it is witnessing an increase of more than ten points & may at times reach double this. The number is despite the numerous measures & packages launched by the CBI, where some attribute that the reason for this confusion in prices is the result of smuggling operations & speculation in the black market for currency. FROM OTHER SOURCES: Parliamentary Integrity Reveals An Agreement With Interpol To Recover Fugitive Corrupt People. Here's some articles of Dinarian interests... A float is out of the question. Iraq goes after the corrupt funds. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: The Most Difficult Option.. Warnings Of The Danger Of Floating The Iraqi Dinar Without Achieving An “Important Condition” ARTICLE: Member of the Parliamentary Integrity Committee, Abdul Amir Al-Mayahi, revealed new moves to proceed with amending the election law again, noting that Parliament is coordinating an agreement between the Iraqi & international Interpol to arrest fleeing corrupt people. Al-Mayahi said in an interview followed by Mawazine News: “There is an agreement between the Iraqi Interpol & the International Interpol, to pursue any wanted person in any country, in an effort by the Iraqi Interpol to arrest the wanted persons & hand them over to the Iraqi government & there is effective coordination with Interpol in this regard.” He added. “The Integrity Committee works independently & seeks to collect the required documents regarding those accused of corruption & upon obtaining proof, the committee will work to request hosting the concerned official if he is present inside the country, while submitting recommendations to the relevant authorities.” He continued, “The committee is not responsible for prosecuting the wanted individuals.” On charges of corruption outside the country, it is the responsibility of the Federal Integrity Commission & the Iraqi & international Interpol if there are arrest warrants for certain figures of state employees who have committed corruption & of the Integrity Commission or the Public Prosecution.”

Here's another article related to the above...sooner rather than later... Mnt Goat: Sooner Rather Than Later. ARTICLE: The reinstatement is coming, it won’t be years anymore & I firmly believe from what we already know & what we are now witnessing, the writing is on the wall, but just not yet. Do you hold large sums of Iraqi Dinar? Are they the larger three zero notes issued after 2003? If so, you just might be a millionaire sooner than later. In the month of April, Iraqi reforms has made monumental leaps & bounds even since 2023. Folks, it’s about to EXPLODE! It is now openly evident...It would be foolish to turn back now. Full speed ahead, choo-choo.

I believe they are waiting on the US to go gold-asset backed digital. The US is the hold-up, not Iraq. IMHO.

Here's our daily dose of humor while we wait... MarkZ Update- Some highlights by PDK-Not verbatim. THREAD: Member: TODAY is the day Noah’s Ark landed & the day the Red Sea parted. Expect a HUGE day today. Member: Does the fiat dollar crash, the stocks crash first then the RV? Or will the RV crash the market?…… Member: Sounds like what came first- the chicken or the egg? MZ: It was quiet overnight on the bond side. No news since yesterday. But we had such tremendous movement the last couple of days I am not worried about it. MZ: In Iraq “ Iraq’s Federal Board of Supreme Audit exposes US $600 million corruption scandal involving “ghost travelers” Iraq allowed people to get US cash when they said they were going to travel abroad. People were getting cash & were not traveling at all…& the money went to the parallel markets…... The US claims this is “corruption” This is more proof paoitive they need to change that Dinar rate as soon as possible. Member: Al Sudani walked with his people & took pictures. His people were showing Sudani lots of love. Member: Yes- Nader posted a video showing Sudani walking the street, mingling with citizens letting them know he cares about them & allowing selfies. Member: Last night on Whiskey & Winning the consensus from the guys is we are not winning this thing….How can bonds be moving ? Which means we follow and Nesara after? MZ: It doesn’t have to be one or the other. Both sides need a economic reset. Both sides need commodities to win because that is their only way out. So both sides need the reset, bonds to move & money to change hands. But one of the sides does not want the political changes of Nesara….That is where it is a little spookier. Either way its good news for us that we have prepared ourselves. Member: Think of this War as a "Tug of War". Our side is growing with people waking up. Their side is shrinking. It's just a matter of time & they are panicking! MZ: Many are preparing for a “blood letting “ tomorrow on the DOW. Tomorrow we may get some huge drops. Member: I will be surprised if the rats don’t manipulate the market back up so the loss is minimal. MZ: I expect a crash on Friday because more inflation numbers are coming out then. This should obliterate the hopes of a rate cut. If they do announce a rate cut- then the whole market is going to know that inflation is getting ready to go through the roof. Either way I believe tomorrows news is going to be bad. Maybe Jaime Dimons statement that a “soft landing” is never going to be an option is true? Member: All news is bad from everyone everywhere. There is no good news anywhere in this world right now. Member: Mark…thoughts…could the scare event be a market crash by chance?? A lotta people could be like “meh” with nuclear stuff, but mess with their money and “The sky is falling and world is ending”? Member: The market has 3 levels of circuit breakers. 1st is 7%, the 2nd is 13% & the 3rd is 20%. We are currently only down 1.7 % for the dow. Member: Let's hope tomorrow is the crash we have been expecting... You can't make an Omelet without breaking a few economies. Member: Any news on the Bolivar. Member: The Venezuelan leader's aspirations for BRICS membership are anticipated to crystallize at the upcoming summit in Russia this October. Dumping the USD. Member: Yesterday I heard when we go to redeem they look at serial numbers of our currency to see who bought them? MZ: When you go to the bank or grocery store-do they search your serial numbers when depositing or spending it? This is more insanity that people get fed as misinformation……I want to hit myself in the head with a mallet at some of this. Member: I believe that we need to stop the fear porn ... it doesn't matter what the rates are, trusts, serial numbers, being probed ... STOP & just realize that you are being BLESSED because U R Chosen. MZ: The Economic Ninja did a video on the Iraq currency yesterday. More & more people are talking about it. Even Jaimie Dimon said the Dinar was going to be the economic savior of the entire world. Sudani has already told us they are going to increase the value & remove the zeros. It’s going to happen. Member: when we exchange... do we need to put all like currency together or keep each purchase separate? Member: I put each currency in a separate envelope with the name of the currency on it and then another envelope with any receipts I had. Member: Today's word is "exhaustipated" too tired to give a sh*t…lol. Member: Nobody better say “trust the plan” or “Its all a movie” to me today or I will explode!!! Member: After the reset i don’t want to see or eat popcorn ever again in my life. Member: I have so many friends losing patience in this & kinda giving up. They are tired of the lies/not seeing anything happening. Member: I agree this **** Show should have been over a LONGGG Time ago! The Suffering is becoming OBSCENE! Mod: SHOW US THE MONEY AND WATCH THE WORLD CHANGE IN A BLINK OF AN EYE!!! MZ: I agree. Member: I heard the RV delay was for our safety. Now things are under control? Member: I can't believe after today there is only 5 days left in this month. Member: A reset/RV & Nesara would fix most problems worldwide. I pray they are not just a fairy tale or a myth. Member: If Whitehats do exist- they better do something soon or there will be nothing in this world left to save. Member: If we only need 30% of the bond people to go before we get our turn to exchange….I beleive we are very close. Member: Use this time to make decisions about what we want to do to help. THIS World become a truly loving place for ALL to live!! Member: I know we are all tired & frustrated but try to keep positive that “suddenly” good things will happen. Member: Mark, thanks as always…Everyone have a nice day. Member: Mark thank you for your podcast & renewing my faith that there are still sane people still around. Mod: DR. SCOTT YOUNG WILL BE JOINING US ON TONIGHT'S PODCAST!!

Economists believe the GCR must wait on GESARA to kick in & that'll lay the foundation for the RV. So do I...Out with the old & in with the new. IMHO.

MarkZ via PDK: Everything is Done. We won't get out of April without this RV. THREAD: Question: So has RV started? I believe it has started & is not going back.

Here's some articles of Dinarian interests... Everything is not done. We wait. Treat as rumors. Not verified. Your opine. Goldilocks: This Has To Be Done Before The RV. ARTICLE: I see two things that have to happen before we see an RV on our paper money. Gold has to be able to withstand anything that is thrown at it & the QFS has to be completed, my friends. We are looking at the CFTC being able to take us in soon, BUT as they have said in their own words yesterday: “as soon as technologically practicable.” Going forward, connections to those who are actually creating the system in the field of technological development are the people who provide us with real Intel. Everything else, is just simply getting the word around that everything is done & secondary intel. What is going on behind the scenes in technological advancement is our path forward. The old world has passed away & all things are becoming new. Let me introduce to you the new World Reserve Asset going forward. Ripple is the new dollar. When Ripple is set free backed by gold, so are we. Goldilocks: US-China Sanctions Are Coming. ARTICLE: US to take aim at Chinese banks aiding Russia war effort. Can you see how this is pushing the digital economy forward and new payment system especially in the east? Goldilocks: CBI Banker in Iraq Contact: Dee & I just finished a conversation with our CBI Banker in Iraq with ties to the Foreign Remittance Department. Iraq is currently increasing the amount of Gold they hold that will support their currency. Iraq is encouraging people to use a debit (Visa & Master) Card as much as possible, so they can get used to becoming a cashless society. As far as a rate is concerned, they are looking to move from 1,310 to 1,000 soon. Many new agreements have been signed with other countries to increase the demand for their currency as of late. He expressed that they still need more goods to sell to increase their money velocity. Iraq has not moved to a position of removing the three zeros on their currency just yet. It was mentioned that they are still working with their Foreign Corresponding Bank to complete their banking reforms this year. Goldilocks: On CBI Website. ARTICLE: Iraq is telling us on the CBI website that they are meeting their Financial Inclusion Requirements. G20 has standard guidelines for what this means. "Financial inclusion is measured in three dimensions: (i) access to financial services; (ii) usage of financial services & (iii) the quality of the products & the service delivery."

Go Ninja...Go RV.

Here's another article related to the above...Pimpy says it's going to be a LOP...your 25K IQD will become the same value as the new 25 lower denoms note... Pimpy: Community comment: ARTICLE: “I believe there’s an article by Dr. Shabibi stating when the new currency does come out both currencies will coexist for up to 10 years…” Yes it was said it would coexist for 10 years. I don’t think it’s going to need 10 years…The last time they changed currency they only gave them three months. But even if it does coexist for 10 years…& they re-denominate…just because you still have the 25,000 Dinar doesn’t mean you get to exchange it 25,000 times whatever the exchange rate is. They’re going to treat your 25,000 dinar just like they would the 25 dinar. It might coexist but don’t be fooled into thinking you get to take advantage of the fact you have 3 extra zeros because that’s not going to happen…

Here's another article related to the above...All the sudden, US Bonds are toxic.. FROM OTHER SOURCES: Treasuries Hold Losses After a $70 Billion Sale: Markets Wrap. ARTICLE: The world’s biggest bond market remained under pressure after another jumbo-sized sale of Treasuries, with traders looking for clues on whether a turning point is in sight after this year’s record selloff. Treasuries stayed lower after a $70 billion auction of five-year notes “tailed slightly.” The auction was awarded at 4.659%, slightly higher than the 4.655% yield in pre-auction trading at the 1 p.m. New York time bidding deadline — a sign that demand was a touch below expectations. “Good stats despite small concession,” said Vail Hartman at BMO Capital Markets. “Treasuries were cheapening before the auction on lighter volumes. Since the result, we’ve seen little net change in the follow-through.” Buoyed by strong economic data and persistent inflation, traders have sought higher yields for holding government debt as they revise down their expectations of Federal Reserve rate cuts for the year, according to Fawad Razaqzada at City Index & Forex.com. Following the big bond auctions, he says investors will shift their attention back to macroeconomics, with key readings on growth & inflation later this week. “Unless these figures show weakness, there’s a possibility that bond yields may push further higher as investors reassess the likelihood of interest rate cuts,” he noted. “Such a scenario could pose a downside risk for risk assets.” The S&P 500 halted a two-day rally. Meta Platforms Inc. dropped just hours away from its results. Tesla Inc. surged after chief Elon Musk vowed to launch less-expensive vehicles. The Yen weakened beyond 155 per Dollar, fueling intervention jitters. Interest rates staying elevated longer, along with economic uncertainty & geopolitical turmoil have lessened the appeal of some of the stock market’s cheapest strategies.

Every single time Alaq or Sudani are on TV or in the mosques issuing statements...nobody can find any evidence records of them ever happening.

Here's an article of Dinarian interests... UST Praises CBI Actions in Washington. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: The US Treasury Praises The Actions Of The Iraqi Government & The CBI In The Washington Meetings. ARTICLE: Samir Al-Nusairi: During the visit of the PM to Washington d his meeting, in the presence of the Governor of the CBI, with the UST delegation, & the negotiations that took place regarding the financial & banking reform strategy implemented by the government and the CBI, the American side emphasized its praise of the reform measures & steps, which resulted in organizing foreign trade financing & complying with international standards in 2023 & the past months of 2024 & to bridge part of the gap between the official price & the price equivalent to the Dinar exchange rate against the USD. This refutes the criticisms, allegations & media exaggerations of some satellite channels by insulting the CBI & the banking sector & pointing out some violations in the issue of controlling the monetary Dollar, which were addressed at the time of the beginning of the application of the electronic platform. What is important & what must be confirmed now is that 100% of the external transfers that were made were in accordance with the relationship. What is new between our banks & international correspondent banks, in accordance with the instructions & mechanisms of the electronic platform, are sound & transparent transfers in accordance with international standards, and that the window for selling foreign currency is an economic indicator that achieves one of the objectives of monetary policy. “Accusing the CBI & banks of wasting foreign currency without evidence proving the existence of suspicions of corruption, money laundering, or currency smuggling & the proposition that says selling currency is a waste of public money is a description that has nothing to do with the economic process.” It must be noted that “the process of the currency sale window began to be implemented by the CBI on 10/4/2004 in implementation of Article 28 of the CBI Law No. 56 of 2004, which allows the CBI to buy & sell foreign currency & this process has continued to meet the needs of the Ministry of Finance for currency.” The local government, for the purposes of the operating budget, purchased the Dinar from the public for the purpose of controlling liquidity levels, which is known as the monetary sterilization process on the one hand & to recycle the Dinar and resell it to the Ministry of Finance for the purposes of paying salaries & wages, securing government expenditures, as well as meeting & covering imports, & maintaining the stability of the exchange rate targeted by the CBI. “The foreign currency selling window is considered one of the largest open market operations in controlling local liquidity levels & putting the cash surplus on its proper paths. It is a good economic indicator & achieves one of the goals of monetary policy & this is consistent with the multi-dimensional functions that the CBI performs, as it is concerned with financial stability.” It manages the payments system, manages foreign reserves, licenses & monitors banks & financial institutions & sets preventive controls, in addition to other tasks related to monetary issuance & publishing economic data, indicators & forecasts. “The basic tasks carried out by & achieve monetary stability.”

Nope. Nobody knows the date & rate until it comes out. Anything else is guessing.

Now for our daily dose of humor....Sweet RV dreams... Some highlights by PDK-Not verbatim. THREAD: Member: Good evening Mark Mods & fellow RV’ers. Member: One for the money two for the show three get ready for RV…. let’s go let’s go. Member: I heard that the invention of the spoon was an important point in human history. It caused…quite a stir. Member: It all sounds good but we are still waiting and wandering…. I sure hope we get some news that has teeth in it…. Member: With a lot of people under NDA s -that's good news. MZ: That is great news. There are a number of high profile paymasters under an NDA now. Along with all the bondholders under NDA’s….This is exceptional news. Now we need to know “when” for the rest of us. MZ: But, it’s fantastic & exciting to finally see some movement from some of the biggest of groups. There are also more & more bond confirmations that make me feel warm & fuzzy. We don’t know when they will be complete but am excited over the progress I am seeing. Member: Are you under an NDA now Mark? MZ: When I am- you won’t need to ask…I will tell you. Member: You said Bond money is moving this morning. What does that mean for us as a timeline? MZ: I don’t know exactly. That is what I am trying to pin down. But, I firmly believe it has started & cannot be stopped now. Member: There is a rumor a contractor living in the US used his CBI card & the rate was about $3.91. MZ: About a million of you sent that & payments for different contractors. But we are seeing those irregularities that I attribute to testing the system or priming the pump. Seeing how everything works together. MZ: As we understand it the AI for the QFS is controlling things. If there is a value change on one…they have to see how it affects others. So to me- they are testing the system….or priming the pump to see how it works. The lucky ones chosen to do this just got one heck of a windfall. Member: Do you believe the $3.91 story is real? MZ: Yes I do believe it’s real But, I do not believe that is the rate everybody gets because I have talked to some with these debit cards in the US & they have not seen that rate change. Whereas others have…..so I think they are priming the pump & testing the system. MZ: “ IMF issues warning to Biden Administration on out of control deficit spending.” We are watching things unfold in front of our eyes. Member: Can u explain who actually pulls the trigger? Is it Iraq, IMF, military or U.S. getting so confused? Member: At that level…we may never know for sure. Member: Thanks to Mark& Zester…….everyone enjoy your evening…..sweet RV dreams.

Here's an article of Dinarian interests... CBI fines Iraqi banks over noncompliance. Treat as a rumor. Not verified. Your opine. From Other Sources: More Than 138 Billion Dinars In “Fines” Imposed By The CBI On Banks & Exchange Companies. ARTICLE: The CBI announced on Tuesday that the fines imposed on banks & non-banking institutions (exchange companies) amounted to more than 138 billion Iraqi Dinars during the past three months. A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks & financial companies during the past three months, starting from January & until the end of last March, amounted to 138 billion, 377 million, 321 thousand, and 527 Dinars, indicating that “the fines It also included 49 administrative penalties for these banks & non-banking institutions, distributed between warnings, warnings & grace periods. The table showed that “the month of January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, & 62 Dinars, with administrative penalties amounting to 17 penalties, while the month of March witnessed the lowest fines, amounting to 5 billion & 462.” One million, 451 thousand & 344 Dinars with administrative penalties amounting to 15 penalties.” The Association of Investors in the Iraqi Stock Exchange had criticized, in early June, the CBI’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks. CBI often criticized by the UST for not doing enough to end money laundering & auctions in efforts to stop the illegal USD transfers to Iran & terrorist organizations.