Friday Evening Update with MarkZ 7-29-2022
World News with MarkZ 07/29/2022
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
Member: GA/GE all. Wishing all a great weekend.
Member: We are really glad to see you tonight Mark! Hearing any juice?
MZ: A long travel day, waiting for updates, bankers are not thinking this weekend, conflicting stories out of Iraq on time to seat government, discussions of NEER and rates.
MZ: Right now we are hearing a lot of back and forth out of Iraq on when to expect them to seat the government. What we are hearing is it probably will be Monday. This is the plan I am being told from contacts in the Kurdish region. They are coming to an agreement guys and it is close.
MZ: We are hearing a lot of back and forth from Iraq as to what to expect rate wise. I am hearing 1 to 1. I am hearing $1.60….these are 2 possible NEER rates (Nominal effective exchange rates) These are all possibilities being thrown out there…..We are also hearing possible re-instatement of the rate at $3.28 …also revaluation rates at around the $4 mark…....its all over the place. ……
MA: They are flooding us with all kinds of mis information on purpose. They want us running around helter skelter..Just let it play out….their goal is to get as many as possible to throw in the towel and sell your currency right before the end……tell them it’s not happening. …
Member: Why in the world would anyone sell their currency? Even if it was further down the road….
MZ: You all should be excited watching the conclusion.
MZ: My redemption center folks are on call this weekend. They are not expecting to work at this point. But, they believe they will have a very busy week next week…..this is pretty exciting in my book.
Member: So do you expect Vietnam to go with Iraq?
MZ: I am hearing really good things out of Vietnam…..several article talking about changing the rate…I will try to find those links….they did not give a rate….but stated they are taking advantage of trade right now….because the rate was “artificially low”
MZ: Still hearing a rate of $2.25…that hasn’t changed
Member: (From Dinar Guru) Frank26 turns out the Iraqi Citizens...said enough is enough and they stormed the government of Iraq in parliament and told them all where to go... Article: "How did the Green Zone wake up after the Sadrists stormed?" HOW? WHEN KAZEMI CAME OUT AND TOLD THE CITIZENS STAND BACK I HAVE YOUR NEW EXCHANGE RATE...
MZ: that is pretty much what I am hearing from my contacts…..that Kazemi was saying that they have the new exchange rate….they just need to get that government sat and the citizens will see it very soon… It’s nice to know others are hearing the same things from their contacts. .
Member: Judy says Wolverine is hearing the same things….
Member: What are you hearing about the ‘iranian rial?
MZ: I am hearing it will RV at about 25% lower than the Iraqi dinar. Example if the dinar goes 1 to 1….we could see the rial at about $.75…If Iraq goes at $4- we could see iran go at $3…..ect…..that is what I am hearing.
Member: could the Iraqi government thing on Monday be a distraction so they can release the rate?
MZ: That would not surprise me.
Member: If everyone else RV’s and it makes our dollar worthless, wouldn’t the dollar have to RV at that point?
Member: I sure think so
Member: The trump video from yesterday was awesome. Speaks volumes of how they are playing this one.
Member: I loved hearing that video….thanks for sharing it.
MZ: I will be back tomorrow morning….will be checking in with European contacts first thing…then checking in for news from the sandbox and Reno before the stream tomorrow.
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……..
Mod: JOIN US DURING THE NEXT PODCAST AT 10 am EDT. tomorrow morning.