Thursday Evening Update with MarkZ 02/17/2022
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
Mod: This waiting is like labor for a woman. It’s painful but after the baby is born the pain is forgotten.
MZ: We are getting more and more “rumors” of payments on bonds. I have another bond person waiting for their release of funds at 4:00 today….Waiting to hear from them. I have another person not expecting the release of their funds until early next week. One is expecting their funds before Saturday… So a mixed bag of news from the bond redemption side.
Member: GE all……Iraq is itching to RV ….yay
Member: Iraq is supposed to be out of Chapter 7 on 2-22-2022 officially by UN
MZ: I have some positive news from Iraq. Article “Al Kazemi’s advisor-It’s time to address the side effects of changing the exchange rate” They want the new rate now because its greatly affecting the poor people in Iraq. This is straight out of Baghdad today. They are talking about changing the exchange regularly now. When they talk about going back to the old rate. They are talking about big changes to fix the smuggling problems, trade imbalances and helping the poor. They want the old re-instated value.
Member: iraqi dinar was 3.27 then the us added a 5 percent reduction making it 3.22…
MZ: Very positive news. And what I am hearing from Iraq is they are clearly targeting the 22nd.
Member: Nothing new on CMKX of PP’s. Most of the folks in Reno are scratching their heads and just waiting for their turn.
Member: Monday is Presidents Day; so most banks are closed. Not sure if that pushes things to Tues…
Member: February 22nd seems to be mentioned a lot these last couple of days
Member: imo – they flip the switch on the 22nd
Member: It the rate Iraq is targeting $1.50?
MZ: That would be in-country in Iraq….not for us. In country they would allow this rate to float up to the international rate.
Member: My bank told us they are changing their name but won’t let us know the new name until February 22nd
Member: I have a close friend that works at WF. She’s saying everything is crazy there right now.
Member: SunTrust Bank in Tennessee is now TRUIST. Saw the signage yesterday
Member: yes. Truist and SunTrust and BBT will all be one. New signs on Monday
Member: Market down over 600 today
Member: More and more experts are saying we need to go back to the gold standard
Member Mark, Thank You For All The Hours You Work Per Week
Member: looking forward to some great news with Mr. Cottrell in the morning Mark! Have a great night.
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.
The next stream is tomorrow at 10Am est……..unless
Join for “Whiskey and Wisdom” tonight at 8 pm est.