MarkZ Tuesday 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 Day my friends, it's a great day in the neighborhood!
Member: Every morning we wonder “Is this the day?”
Member: Hey Mark.. instead of taco's today, can we just RV???
Member: Mark, what is truly holding this up? If Iraq is ready to go, and this are being said all ready to go in US, and Chinese Elders and Russia pushing for this, why won't it go?
MZ: Well Iraq is certainly putting the US between a rock and a hard place right now.
Member: the cabal seems to be holding it up I think…They are not going down without a fight
MZ: Fairly quiet on the bond side…but in Iraq “Sudani receives an official invitation from Sisi to participate on a summit on Gaza” He is a leader of Israel and he wants Iraq there as a calming “voice of reason” in the region. This is Iraq ascending to the world stage and becoming a key, important player. This shows their stability as a nation and leadership in their government.
MZ: One of the key things we needed for the rv of their currency is stability of their nation. We are seeing this now plus respect from other Arab nations.
MZ:Z I think this is an important piece….”Iraq raises interest rates to 7.5% and the economic council is considering raising that rate” This is not the borrowing rate….this is the savings rate. They are paying 7.5 percent to get you to put your money in the bank. This does a couple things….it shores up their economy , stabilizes the consumer (not the government but the people) …So in Iraq they are putting the citizen ahead of the government.
MZ: It also does something else very important. It streamlines any rate changes. With the money in the banks…they are not as worried about the money changers on the street….This makes it easier to do a re-valuation.
MZ: Nader had a video …In a nutshell he is talking about how we see the US dollar rate slipping and the dinar increasing…..It may even be higher in the Erbil region then it is in the southern regions right now which is very interesting…So the Iraqi dinar is strengthening and the US dollar is weakening which is what we want to happen.
MZ: In world news: “ BRICS: US and Europe may soon need local currencies to buy oil” Does anyone know how BIG this is??!!! What has made the US dollare the biggest in the world? Buying oil through the petrodollar….which may soon have to convert itself to ruble, yuan or Arab currencies in order to purchase fuels we cannot make here for ourselves. This is the great collapse happening before our eyes. This is absolutely huge.
Member: Mark- what is your opinion of the Iranian Rial right now? Do you still think it will go to $3+?
MZ: Yes. Some of the initial stuff I saw on it was showing it might be at $2.80-$2.90….but, if you look at the values Iraq wants….and what is going on in the region…it would not surprise me if Iran goes at over $3. Their value is priced based on oil and gas just like Iraq.
Member: Saw a ad this morning from Chase. They are advertising themselves being Wealth Managers....
Member: Hi Mark. An alternative to tell people your rich is you got an email from an Africa nation about an inheritance and you submit your mailing address, they mail you a check and the rest was history lol
MZ: There you go…..Yes…tell them those funds you invested with the Nigerian Prince were finally released to your friends who had ridiculed you.
Member: RV is like blowing out a Trick Birthday Candle ….
Member: Ready to leave “Groundhog Day “ behind…..Come on RV
Member: They said it would be crazy and dark before we see the light and prosperity..think we're there
Member: Mark, many thanks as always for bringing all the latest updates and news.
StacieZ joins the chat today with health news. Please listen to the replay for her information.
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
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