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
WE HAVE CBD LUCAS AND MATT JOINING FOR THE FIRST 45 MINS AND MARK GIVES THE NEWS AT10:30. THANKS
Member: Good Morning MarkZ & Fam….. Happy Labor Day Weekend
Member: Mark, Any updates from bonds, groups or redemption centers?
MZ: I did get a update this morning from a redemption center contact. They very much still expect to be called into work this weekend. Their chain of command said to expect to work before Tuesday. This is excellent news.
MZ: The Deleting the zeros project is back in major conversations in Iraq. I want to make certain you all know how that process works.
MZ: They raise the purchasing power…they increase the purchasing power of the dinar. Then they issue lower denominations. They do not just chop off the zeros…..but using the large 3 zero notes would become unwieldy. They have been very clear on this from government documents, Sudani and Shabibi.
Member: They are taking the three zeros from the exchange rate! It goes from !IQD=$.00076 USD to !IQD=.$76USD!
Member: Iraqi Dinar value increase will reflect the lower prices on goods.., homes, autos ..ect
Member: I keep saying the new money have to come out first then we rv. Otherwise we get paid in fiat that could loose value 1000% overnight
Member: MARK.. MM post late last night… 13 Iraqi banks now trading international currency
MZ: I think that one is very important. They can now exchange back and forth in different currencies. The mechanism to exchange foreign currencies went live….I think this one is huge.
Member: Al-Alaq held a series of intensive meetings in New York-included discussions with the US Treasury, the Fed, Visa, Mastercard and MoneyGram) as well as banks (Citi Bank, JP Morgan)
Member: TS said 24-48 hours to be on alert
MZ: That’s what my group people, bond people and redemption people were told. I crossing y fingers. But not riding the roller coaster because we have heard this before. But someday it will be right.
Member: Bank Story: went online to pay a bill this morning (US Bank). Bill pay calendar is blacked out, can’t schedule any payments until after Sept. 10.
Member: Credit Union Story: 3rd teller to say it at our local INDY CU said Thurs to me that she has not seen the new gold backed currency but they all know all about it. It just hasn’t happened yet.
Member: Banking has been told its coming. I have heard similar stories from several people. They know they are getting new money soon….they thought they would get it earlier this year.
Member: Question? With the Basel 3 requirements as of Oct 1, how are big banks going to meet the demands of those requirements if we do not revalue the monetary system?
MZ: I wouldn’t worry about it…These requirements are a joke and not near what banks need to do. It’s not enough…The gold standard is the only thing that will fix this one.
Member: I keep saying the new money have to come out first then we rv. Otherwise we get paid in fiat that could lose value 1000% overnight
MZ: I will have a morning podcast Monday…but no evening one so the mods can relax
Member: Mark looking forward to a golden weekend – just putting it out there universe hint hint wink wink
Member: I hope everyone has a safe, amazing holiday weekend!
Member: Thank you, Mark! Thank you, Mods! Have a great weekend, Everyone!
