"Coffee with MarkZ" Wednesday Morning Chat 9-4-19
Emailed to Recaps:
MarkZ Wednesday 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
MZ: Mr. C and I are a little salty today because we havn’t seen it yet.
MZ: No reports on Zurich yet this morning….but contacts do expect them still today
Member: I HAVE HEARD FROM SWITZERLAND THAT THERE IS A GO THIS WEEK
MZ: No verified package deliveries yet but we are still being told this is the week
MZ: In Japan I hear 2 former big wig bad guys were taking to gitmo…..could this be the start of declass and the take down?
MZ: My paymaster still expects to be done and leave Reno forever by this weekend
MZ: My redemption center contacts are still at work waiting and expecting. They also work as wealth managers so try to keep busy .
Nflemingjr: WE ARE BEING TOLD THAT THE INFORMATION COMING OUT TODAY WILL BE VERY GOOD WE JUST HAVE NOT RECEIVED IT YET IT IS A LITTLE EARLY. WE HAVE TO WAIT FOR THE WEST COAST TO WAKE UP
Member: I am hoping that since the corporate Fiscal year is coming to an end on 10/01 ... as it always does... that is the time to have this all finished... so let's start this by 9/11 President #Trump2020
Mod: HIGH EXPECTATIONS THIS WEEK. PERSONALLY LOOKING AT THESE DATES. 9/5, 9/11, 9/21-22
Member: Bruce says Iraq parlament has nothing to do... 150 laws need to be approved but they have to wait until new rate comes out
Member: Bruce said hold up was 259 arrests in Zurich for phony Zim
Member: heard that 250 arrests where made at a Zim Swap, due to a lot of the Zim bond sheets were counterfeited. Did you hear about this Mark?
MZ: I also heard that from my source…I heard the bad zim came from China.
Nflemingjr: FOR THOSE THAT KNOW ABOUT THE BUSTS THAT TOOK PLACE YESTERDAY ON THE ZIMS SHOULD MAKE EVERYONE VERY HAPPY. IT WILL GIVE YOU BETTER RATES BECAUSE THEY ARE GOING TO NEED YOUR ZIMS.
Member: : MarkZ please take note Trump issued Executive Order on Establishing the National Quantum Initiative Advisory Committee INFRASTRUCTURE & TECHNOLOGY Issued on: August 30, 2019
Member: We need someone on the ground in Iraq to verify new coins, etc.
Member: Iraq can not issue coins until they post Revalue
Member: Why would Iraq roll out Coins & FILs worth 1/1000 of a Dinar if the Value wasn't about to LAUNCH
MZ:I have 4 contacts (boots on the ground) in Iraq. I hear there is a lot of articles out to educate the Iraqis…but no physical coins released yet. My contacts still expect the new rate at any time.
Member: Frank 26 is having a hard time hiding the exceedingly wide grin lately...
MZ: The Grand jury to find out why the CMKX and other payouts have not been paid and to get to the bottom of the reset is still sending out subpoenas and assembling witnesses…..this takes time.
Q: Do you really think we will have a great Christmas this year?
MZ: I think we will have a great week this week. I know you guys are tired of hearing this…..but based on everything happening…..this is how I really feel.
Mod: THE PLAN WAS NOT TO LET ANYONE KNOW THE DATE....THEY DID A GOOD JOB..YET WE GET CLUES AND CRUMBS
Member: Mark this was from Bruce on Intel: The Zim platforms, based on Zim swaps in Zurich, London and Hong Kong, had been transitioned over the last three days and 84% of the Zim boxes were found to be counterfeit. As a result, 250 people were arrested – another reason for the delay. Bank sources have said that this would go this week. Release of the 800#s could come around lunchtime tomorrow Wed. Sept. 4 and you might be able to set appointments by tomorrow afternoon Wed. Sept. 4.
MZ: I don’t like to comment on others intel……I want to avoid circletel ……
Mod: https://www.gold.org/goldhub/data/monthly-central-bank-statistics
Mod: IRAQ HISTORY EXCHANGE https://www.slideshare.net/mobile/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate
Mod: https://www.slideshare.net/ernestrauthschild/rauthschilds-royal-dragon-family
Member: Top of the Morning!! Watch Greg Hunter W/ Wayne Jett!! Awesome news and perspective: https://www.youtube.com/watch?v=sw5BNiAdhkY
Member: JUDY SHELTON, BIX WEIR AND OTHERS ARE POINTING TO THE GOLD STANDARD. WE HAVE TO GO TO THE GOLD STANDARD
https://centralbankgold.org/gold-reserve-asset First announcement to the public of gold standard -Dee Grose
Member: ALL YOU NEED TO KNOW ABOUT THE GOLD STANDARD By Nathan Lewis https://newworldeconomics.com/
mod: Central banks https://www.gold.org/goldhub/data/monthly-central-bank-statistics
THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE
Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html
MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y
Mod: Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME
IF THE INTERNET GOES DOWN MARKZ NEW NUMBER Emergency number (712) 770-5028 Code:648989 Playback number (712) 770-5066
MarkZ theoriginalmarkz@gmail.com Website https://www.theoriginalmarkz.com
MZ: I will see you all Thursday morning 10AM est unless something big happens tonight.
Note: Please listen to the replay for all the details….Chat moves very fast…and MarkZ speaks quickly.
Twitch: https://www.twitch.tv/videos/476716028##
Youtube: https://youtu.be/hHZ6TNEoT5k?t=6
DeeGrose: First announcement to the public of gold standard
Gold as a reserve asset
Central banks held 34,000 tonnes1 of gold, as of Q1 2019 according to IMF data, making gold the third largest reserve asset in the world. Gold is generally considered to be a strategic asset that can be deployed for both short-term liquidity management and as a store of value over time. It is an asset that is well suited to meeting central banks’ strategic objectives of: safety, liquidity and return.
Recent central banks gold trends
In 2018, central banks bought more gold than at any time under the existing international monetary system. The vast majority of demand has come from emerging and developing country central banks. 19 individual central banks bought more than one tonne of gold in 2018, giving rise to total purchases of 651 tonnes. Even the European Union re-emerged as a net buyer, due to substantial purchases from Poland and Hungary.
The increase in central bank gold demand reflects a combination of factors:
Rising economic and political risks associated with other reserve assets. These include, but are not limited to: growing global inequality, which is fuelling social unrest, the rise of populist politicians and the increasing polarisation of political parties; ageing populations and deteriorating budget deficits; ongoing trade disputes and an upsurge in protectionist policies; challenges to central bank independence and the threat of debt monetization; and the risk of currency wars.
Negative real and nominal interest rates: The total value of negative yielding debt increased to US$13.19 trn, as of 19th July 2019 according to the Bloomberg Barclays Global Aggregate Negative Yielding Debt index. This has reduced the opportunity cost of holding gold.
Structural changes in the international monetary system: 39% of emerging and developing country central banks said that anticipated changes in the international monetary system were relevant to their decision to hold gold, in the 2019 Central Bank Gold Reserve Survey. Such a change could be both destabilising and dollar negative. Gold can serve as a hedge against both.2
A de-dollarisation policy: 17% of emerging and developing country central banks said their decision to hold gold was part of a de-dollarisation strategy, in the same survey.
Central banks' quarterly net purchases of gold
TonnesDownloadNet purchasesNet sales
-40-20020406080100120140160180200220240260Q1'10Q2'10Q3'10Q4'10Q1'11Q2'11Q3'11Q4'11Q1'12Q2'12Q3'12Q4'12Q1'13Q2'13Q3'13Q4'13Q1'14Q2'14Q3'14Q4'14Q1'15Q2'15Q3'15Q4'15Q1'16Q2'16Q3'16Q4'16Q1'17Q2'17Q3'17Q4'17Q1'18Q2'18Q3'18Q4'18Q1'19Q2'19
Safety
Gold is the only reserve asset that is free from political and counterparty risk. It does not depend on a sovereign’s ability to repay. Nor can the value of gold be de-based by the printing presses or by extraordinary monetary policy measures. These characteristics of gold are particularly attractive in today’s environment of heightened political risks, growing threats to central bank independence and fears of debt monetisation and currency wars.
Safety can also refer to the way in which an asset performs during times of crisis, when a central bank is most likely to have to sell assets or raise liquidity. Precisely because gold has no credit risk, it often experiences safe-haven inflows during times of financial crisis, leading its price to rally. Gold returns were positive during eight of the last nine periods of systemic risk, highlighting gold’s ability to preserve capital during times of crisis.
Performance in Periods of Systemic Risk - S&P 500 and gold returns vs change in VIX level
TonnesLevel ChangeDownloadS&P 500 returnGold returnEM BondsLevel change in VIX (RHS)
-60-40-200204060-60-40-200204060Black MondayLTCM CrisisDot-com bubbleSeptember 11th2002 recessionGreat recessionSovereign debt crisis ISovereign debt crisis II2018 pullback
Liquidity
The gold market is deep and liquid with central banks able to transact in large sizes. The value of “financial gold” (gold held by central banks bank plus investment gold) is currently estimated to be US$3tn, suggesting that the financial gold market is similar in size to major sovereign debt markets.
The gold market is also characterised by strong trading volumes. Gold trades between US$50bn and US$80bn per day, through over-the-counter spot and derivatives contracts. Gold futures trade US$35–50bn per day across various global exchanges. Gold-backed exchange-traded funds (ETFs) offer an additional source of liquidity, with the largest US-listed funds trading an average of US$1bn per day. This makes gold one of the most highly-traded financial assets.
Gold is universally accepted and therefore serves as valuable collateral during times of crisis. There is also an active gold swap market. Of the third of central banks that said they actively manage gold in our 2019 Central Bank Gold Reserve survey, 38% said they are active in the swap market.
Average Daily Trading Volumes in US Dollars*
US$bn/day
DownloadGerman BundsDow Jones (all stocks)UK GiltsEuro/yenGold**S&P 500 (all stocks)JGBsUS AgenciesUS$/sterlingUS Treasuries100200300400500600
Return
Although safety and liquidity are the most important objectives of international reserves, return is also a consideration, as positive returns contribute to building international reserves.
Since 1971, when gold began to be freely traded following the end of Bretton Woods, the price of gold has increased by an average of 10% per year. This means that gold’s long-term returns have been comparable to stocks and higher than bonds or commodities.
Central banks can actively manage gold to generate additional returns. Of the third of central banks that said they actively manage their gold reserves in our 2019 Central Bank Gold Reserve survey, 62% said they have gold on deposit.