Insights from the MarkZ Talk
Syrian Revaluation
Syrian revaluation — they don’t plan on changing their bills until this fall. They’re not even going to make the decision on the bills until September, so it’s probably going to be closer to October.
Syria has strategic advantages: location, oil, gas, pipelines, and the development road. They have great potential if internal conflict stabilizes. Reports indicate they will reprint new bills, remove two zeros, and use a new printing company in Russia.
Looking at history, similar moves were made in:
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Kuwait (after invasion, reprinted and revalued new bills).
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Germany and Japan (post–World War II currency resets).
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Iraq (after Saddam Hussein’s fall, new bills issued, old ones removed).
Syria is expected to follow the same model: print new bills, withdraw the old currency, and later revalue the new one.
Market Notes
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XRP & Silver: Both appear stagnant but with potential breakouts. XRP could surge after the ETF announcement expected this fall.
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Turkish Lira: Significant structural problems make it a high-risk option, not considered favorable compared to other currencies.
Redemption vs. Revaluation
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Revaluation (RV): Increase in the official value of a country’s currency.
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Redemption: Exchanging the old or revalued currency for new bills or for another asset.
These are distinct processes.
Central Bank & Gold
The Central Bank continues to accumulate gold to enhance stability. Gold holdings are seen as essential for monetary reform. As former CBI Governor Shabibi said:
“Give me safe and stable and I will give you a new dinar.”
He emphasized stability before revaluation and never suggested only “removing zeros.”
Development Road Project
In cooperation with Kurdistan, Baghdad is moving to form an independent federal administration for the Development Road Project. The hope is that this project will eventually out-earn Iraq’s oil sector.
Deficit & US Economy
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US tariffs delivered a record $30 billion in August, improving the deficit outlook by an estimated $4 trillion.
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Despite structural problems, it shows that with a reset and balanced budget, revenues could cover government expenses without heavy reliance on debt.
Minnesota Shooting (News)
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FBI identified the Minnesota Catholic Church shooter (Aug 27) as Robin Westman (born Robert Westman), a transgender individual.
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Attack left two children dead, two others critical, and additional injuries.
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Shooter used a rifle, shotgun, and pistol; smoke bomb/firework found but no explosives.
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Incident being investigated as domestic terrorism and a hate crime targeting Catholics.
Reset & Precious Metals
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The global financial system reset is increasingly linked to gold and commodities as backing assets.
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Some analysts argue silver could be a tier-2 asset due to industrial uses.
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The reset is not theoretical anymore:
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Legislations and blockchain integrations are being implemented.
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Department of Commerce preparing to post stats via blockchain.
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US Treasury gradually absorbing IRS and related departments, signaling restructuring of financial authority.
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IQD Revaluation
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Sources indicate the IQD could revalue between $4 and $6.
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Traders report “behind-the-scenes” activity on Forex, but no public confirmation yet.
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Once Iraq revalues, delay tactics like Kuwait (1990s) are unlikely due to instant global communications.
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Expected process:
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Announcement of new rate.
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Banks begin exchanges within 48–72 hours.
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Key Takeaways
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Syria preparing new bills → revaluation possible after withdrawal of old notes.
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Iraq: Central Bank gold accumulation continues, Development Road project progressing.
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IQD revaluation: $4–$6 speculated range; fast global confirmation expected.
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Global reset: Moving towards commodity-backed currencies (gold, possibly silver).
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US economy: Tariffs boosting revenues, but systemic issues remain.
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Minnesota shooting: Classified as domestic terrorism; highlights rising concerns over mental health and security.
