MarkZ and Michael Cottrell Friday Morning Chat 8-28-2023
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 morning everyone. Love Peace and Joy to all.
Good morning Mark, Mr. Cottrell, and all the fam!
Member: I cannot believe we are at another weekend already…wow
MZ: No huge runaway RV news guys. “Sudanese and Mandalowi agree to speed up implementation of budget items” They are talking about the economic reforms , the projects ect……they need to stop in-fighting and get this thing implemented.
MZ: In this implementation they need to control their rates. Exchange rates, parallel markets ect……so to me, this was a very encouraging article…they need to go sooner rather than later to get these reforms done. …with a concerted effort from the various blocs to make it happen.
MZ: “Bitcoin, Etherium flash crash triggers $800 million in liquidations” somebody triggered a run or a flash by dumping….most likely a wallet held by the US government……at least that’s what most crypto experts believe…..that the US government tried to flash crash cryptos yesterday….that’s what the indicators based on the wallets are……just .don’t panic.
MZ: Now this is an absolutely huge piece…pay attention. “ China’s Evergrande files for bankruptcy in New York” This is chapter 15- they are trying to get protections from liabilities. Also filing for bankruptcy protection was another big Chinese company yesterday.
MZ: This is enormous and lets us know how troubled the Chinese economy is. If China implodes…Europe implodes. European banks have huge holdings in China. Once that happens….because the US has huge holdings in Europe…..then the US will crash. There is a domino effect…..So who crashes first???
Member: looks like the market meltdown is here
Member: The old system has to crash to bring in the new QFS……come on RV
Member: I always thought right after the markets close of Friday nights was a good time to pull the trigger. Then we exchange over the weekend when the normies are not paying attention….just a thought …..
Member: Good thought. And remember the BRICS summit starts next Tuesday with over 40-60 countries clamoring to join them. Still hoping they announce a new international gold backed currency next week….. Events for the RV may be waiting for that??
Member: I listen to higher source everyday and according to the intel August 21 seems to be good for us
MZ: We will have MilitiaMan on Mondays podcast if we have not already crossed the finish line. We will get his take on where we are at based on fundamentals.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.
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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.