"Coffee With MarkZ" Monday Morning Chat 1-8-2023
Thank you MarkZ for all your time, and encouragement daily….. PDK
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: Good Monday morning. Welcome to another week of hoping.
Member: Mark are we going to be doing this another year? waiting and hoping..waiting and hoping.. waiting and hoping?
MZ: There is a lot of chatter today out of Reno,, the bond side and even Zurich.
MZ: On the bond side and on the group side I am hearing very positive things. They are specifically looking at dates between the 9th and the 14th of this month. This does give us a range to look at- especially on the bond side with my bond contacts…..
MZ: Nader had a good video….as did MilitiaMan. Talking about the explosive growth in the Iraqi Stock exchange. And the article states it will increase even more with the new increasing rate of the Iraqi dinar. Very solid news….be sure to go listen to their videos and like and share them.
Member: Big Question the boards are going crazy today, do you think they're playing a game to keep us distracted???
Member: That’s a good theory.
MZ: “Iraq issues $1.5 Billion reconstruction bonds” These are based on US pricing but in Iraqi dinar.
MZ: “BRICS to eliminate US dollar financial system in 2024” They are currently using BRICS countries local currencies but is expected to have a individual BRICS currency this year.
MZ: “BRICS: Putin eyes larger role in International monetary system” This also talks about the new BRICS currency.
MZ” “JP Morgan predicts Chinese Yuan dethrones the US dollar” this came out yesterday.
MZ: “Buckle up for a bumpy 2024-economist’s say” Including economist’s at JP Morgan . The general consensus is we are going to see at least 2 quarters of a recession in 2024 in the Stock market..
Member: Mark, In Iraq- why do they care about the illegal street rate so much? Especially due to the fact that if they RI or RV it won’t matter anyway? Seems pointless to base value off the black market than the CBI
Member: I hear Iraq parliament supposed to pass the oil and gas law wed. Would’nt that need a rate ?
Member: I wonder-Are we waiting for the Chinese New Year??
Member: Losing the dollar is the key for the RV-IMO
Member: Missouri passing a bill. No capital gains tax on silver and gold.
Member: Still worried on them taxing our exchange. I heard 20% to 40% capital gains taxes that we may have to pay.
Member: Capital gains tax on currency is in the IRS code...short term or long term depending on if it was purchased a year ago
Member: Capitol Gains are Capitol Gains, no taxes at exchange, some fees I'm sure & then when you file, you'll pay. What is so hard to understand? Until the IRS goes away, they'll get theirs.
Member: People with the tax questions. Ughh if we reset things will be gone. If not we have more to worry about than taxes.
Member: IMO The only way it might be taxed is if you put it in an interest bearing account and the tax laws have not changed by next year's tax time
Member: What is the U.S. title code that states there is no taxing of currency exchange?
MZ: Read this from the US state Dept, on Iraq: Go to section 6 Financial Sector: The last sentence says “There are no taxes or subsidies on purchases or sales of foreign exchange.” https://www.state.gov/reports/2022-investment-climate-statements/iraq/
Member: Will you post exchange info when it happens Mark?
Member: It’ll be posted everywhere - MZ - PPN - CW - Telegram rooms I’m sure will post it too - Dinar Recaps - Email from currency seller companies - probably missing some
MZ: No podcast tonight…..unless breaking news happens. Bob Lock is supposed to join us tomorrow morning.
Member: Thanks to all….have a great day and see you tomorrow
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NO PODCAST TONIGHT. THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL IN THE MORNING 10AM 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.