Tuesday Evening News With MarkZ 4-12-2022
Tuesday Evening News with MarkZ 04/12/2022
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: Good evening everyone! So hoping for great news!
MZ: Bond people in Reno are being told to stay in place…they are still hopeful....they are being crazy quiet….The European crew have already called it a night.
MZ: Article “Parliament will ask the government to send the 2022 budget. “ This is positive news out of Iraq. They say the old government is still the current government because they have failed to replace them. They want the budget now so they can approve it….Budget equals rate increase….. So that is solid news from Iraq today.
MZ: So all eyes will be watching Iraq do something…hopefully tomorrow on the budget,.
Member: MARK… I wonder how can the GOI announce a budget of the CBI has not announced the new rate????
Member: The rate is already in the budget and approved by the last government….
MZ: Interesting one: “ Zimbabwe banks start willing buyer, willing seller forex trade’ This means they are going to let the markets determine the value. This is huge….this is the first time we have seen this kind of depegging…IMO they are prepared for a substantial change in the value that allows buying and selling on the spread.This news is from Zimbabwe on April 10th…..
MZ: Article : “Sri Lanka is suspending payments on its foreign debt as its economic crisis worsens” The world is imploding and imploding quickly…..we are going to see a cascading event. This is a domino effect and more and more dominos will start from Asia and go east to west…forcing the reset..…..they will not be able to kick the can anymore.
Member: What is the latest we can buy foreign currency?
MZ: You can buy it right up to 2-3 minutes before the RV….We do not the timing of the RV but it is getting closer.
Member: If they can't figure out how to pay the bond holders how are they going to pay everything else.
Member: What do you all think why the delay all the time for bond movement? Just curious!
Member: I was told today we are waiting on US …what are we waiting for???
Member: I think there are still bad guys being dealt with
Member: Maybe we are waiting for the US to be gold backed??
Member: Do you think bonds will be moving by Friday.
MZ: Yes I do. I am surprised they didn’t move today.
Member: Took the plunge and bought Dinar at my Citibank. I know them real well. she said what's with the run on Dinar?? I asked have you had a run on it? she said yes!!
Member: Can you comment on expected Indonesian rupie value at redemption???
Member: Mark always said he has heard around $1.47 for the Indonesian Rupiah
Member: If our currency is “tranched” what assurances do we have that we will get our tranched funds on time or at all?
MZ: We are going to have to trust the new QFS system. Do keep in mind I was told that unless you have a extremely large amount of currency , you will not be traunched…..you will get all your funds directly. So unless you have purchased 100’s of thousands in currency…you do not need to worry about it. imo
Member: Thank you for all you do Mark and Mods…greatly appreciate it
Member: Bye everyone see ya 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……..unless