"Coffee With MarkZ" Thursday Morning Chat 10-5-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Thursday 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: Good Morning….Can’t believe we are looking at another weekend of waiting already.
Member: They have always said it will go on a 3 day weekend. Its Columbus day here in the USA…maybe this is the weekend we have been waiting for?
Member: Canadian Thanksgiving this weekend…. Is this our weekend???
MZ: I know their preference is to have a 3 day weekend…..good to know.
Member: All the hype for Oct 3-4 Nothing happened, as usual.
Member: Any news on Iraq and the WTO?
MZ: When I find out – I will tell you. I think this is a big “tell” they are trying to keep from us. If they let this news out before they are ready for us….it would be a mad dash for everyone to buy Iraqi dinar…It would be a clear signal of a changing rate….so my guess is they have already been accepted and are waiting to announce the value…..that is my best guess.
Member: Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024.
Member: article in Reuters today IRAQ is to end all dollar cash withdrawals by January 1, 2024. Does this mean the RV won’t happen until then and then we won’t be able to get any dollars for our exchange?
Member: I sure hope we are not waiting till next year.
Member: More delays? Iraq has to get off its ass and release thus now! This is unacceptable!
MZ: “Iraq asked for $1 Billion in cash and this time Washington said no” This is from the WSJ. Iraq is between a rock and a hard spot for foreign currency…..They are not yet fully internationally recognized. There are still some sanctions and controls there. Going fully international with a rate change would fix their woes. .
MZ: Iraq has everything at stake for this revaluation.
Member: didn't the senate vote in March 2023 to end the military authorization (end war, liberate Iraq)? Why are we waiting for the senate to pass this again?
Membr: The house passed it…then it went to the senate…..they have not got around to it yet.
Member: I hear the US treasury is who is causing all the delays.
Member: I'm wondering if this QFS transition has any impact on the delays we are seeing????
MZ: “ Commerce sets the date for the start of the first step of electronic transformation” They have been working on this non stop…..this should all be transitioned for electronic transactions over the next 2 weeks.
MZ: WE are getting a lot of chatter from bond folks…..some of them are expecting things as early as today….some have meetings for tomorrow…..most are expecting payouts over the weekend.
MZ: No update yet on whether redemption center folks plan on working this weekend yet or not.
Mark - Wolvie says the Tier 1ers are not part of the RV and are paid by St Germaine. Let’s hope St Germaine is fully funded?
Member: Mark, are there any strings attached when you ask for the contract rate?
MZ: I was told the strings are you have to sign an NDA and not tell the amount that you were given. .
Member: I got a Fifth/Third call center employee to tell me she knows of the QFS and the impending GCR….She is also a currency holder.
MZ: Doesn’t that feel good when you have those bank employees admit it??? That is so refreshing.
Member: everyone here is frustrated but we know this is going to happen so just try to focus on yes its going to happen instead of its not here yet
Member: I feel we are close and this weekend is a 3 day weekend
Member: Praying we see something real happen soon…..not just rumors and chatter.
Member: Mark, thanks as always for all the latest updates & news.
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.