PDK Note: These notes are very short as I have had massive internet and technical problems today.
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: Mark, OANDA’s currency calculator is still showing IQD at 1435.01 to $1.00
MZ: Guess they are going to have to update it because its officically 1300 from the Central Bank of Iraq
Member: Nader has a new video…..left me a bit confused
MZ: Be sure to go watch Naders videos on your tube and like and share them. We need to support all intel providers
MZ: I love the way Nader put this last night …what he is saying is a very realistic possibility. He is saying we reached the bottom of the barrel and now need to climb out…meaning this is as bad as it gets and it all up from here. There could possibly be a series of increases in value …and it may be as late as July before it hits 1 to 1….I think it’s going to be sooner than that and the rate larger than that.
MZ: We know Sudani has a target of a rate considerably higher than that . Sudani has said very clearly that the Iraqi dinar will be the father of the USD meaning its going to bigger and worth more. He has said he wants to reinstate it to its previous era which means well over $3 dollars.
MZ: This first step they made is crucial. Iraqis are rushing to dump their dollars and pick up more dinar. They had loaded up on US dollars because the dinar was sliding….now if they trade in their dollars over the next day or two for dinars they will won dinar instead of dollars when the revaluation occurs.
MZ: This was a necessary mechanism and the first step in it. This is a big tell sign and you guys should draw so much comfort from this. …The process is now officially afoot. It is just a matter of time. It is now underway.
MZ: So what is your plan if Nader is right and it’s a slow grind to get the dinar to a 1 to 1 rate? At what point will you go and trade in your currency? Will you exchange a few or deposit it in a multicurrency account?
MZ: I am told when it’s a substantial change your banks will offer you a multi currency account when you come in to exchange it. You will be able to hold it as dinar in this account and your account balance will continue to float as the rate goes up. Hope that makes sense.
MZ: I am still hearing though from banking contacts that we will get contract rates and it should go all at once. I hope they are right. They are saying now it could happen between yesterday when they announced the rate is 1300 and mid February.
MZ: Just have a plan for whatever happens is the best thing to do.
MZ: IMO this is the fun part and we are about to see an obscene number of NDA’s come into play.
Member: If the dinar floats do we have to wait till the rate reaches our contract rate for us to get it?
MZ: I am told no….we will get our money right away but you will have extremely severe NDAs for us. And if you violate this NDA they will pull every penny away from you.
Member: How about prosperity packages.?
MZ: I am hearing they updated their F&Ps values last week….no news from CMKX yet this week.
MZ: The banking side is more confident than I have ever seen them that we are at the end of this.
MZ: They are going to keep playing this yo-yo game and you need to be prepared for which way it happens.
The next stream is tonight at 7 pm est…unless.
Note: Please listen to the replay for all the details….it was a long call with lots of information