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 RV possibilities!
MZ: All the banking news over the weekend paints a very troubling picture. It is pointing towards the need for a reset.
Member: Is Rey Ren right when it comes to get ready?
Member: Well most of us have been ready for years now.
Member: Mark lot of rumors about dinar going to 1000?
Member: Yes…the rumors in Iraq is they have very quietly gone to 1000 to 1….I just don’t know how accurate this is…..we are being inundated to misinformation right now….
MZ: The 1000 to 1 always made sense to me ….then they quickly pull the big revaluation right after……but there are rumors around the streets…..even though its been very quiet in Iraq. Right now getting any news over there is like pulling teeth from a grizzly bear with no anesthesia. …..but it is pointing toward they already did that his weekend in Iraq.
MZ: We are watching for that. If its accurate…then BAM.
Member: Mark, They told diplomats to leave Iraq?? That’s big news imo
MZ: Its quiet on all fronts today…..Mr. C has not been paid yet…….Quiet is not a bad thing. The sheer volumn of misinformation things being dropped right now tell us important things….like how they are trying to cloud the timing.
Member: Everything is a distraction at this point just stay on course its happening.
Member: What will keep Iraq from just devaluing all their old currency and printing new currency….. leaving us holding worthless paper?
Member: IMO all the countries would be p****ed because they all hold dinar in their foreign reserves……Iraq would not risk that……imo
Member: Frank said you cant get USD moneyATM in Iraq. So people have no purchasing power at program rate. Can't do this for very long.
Member: so currency dealers are still selling dinar today
MZ: Yes…If you want to buy some they are still happy to sell to you.
Member: Is it possible that Iraq will go alone and is the only one RVing?
MZ: I do not think so but let’s say it is…..Hypothetically it does not make sense for the other countries not to go at the same time because of trade and regional stability…but, let’s just say they go alone and first….Are you prepared? Do you have a plan?
MZ: If they are worried about double dipping and know so many of us hold many currencies….does it make any sense to let Iraq go alone? If they do…..I would make them pay for it and buy more currency and metals and be in a better position long term then short term if they do that….To me that does not make sense.
MZ: So, If Iraq goes first I think it would be awesome. I don’t’think they will…but this rumor is certainly out there.
Member: I feel for the Iraqi people who need the reset!
Member: 5% on the 10 Yr … with an inverted yield curve…I wonder exactly what happened in 2007/2008 when i was trading bonds?
Member: How about the glitch of London Stock Exchange freezing for 80 minutes last Friday? London SE handles alot of money for that side of the world.. the EU Banks are toast...add high yield to bonds??
Member: Banks are going to financial investment institutions all my banks
MZ: Lets back up a few days…” Mysterious withdrawals hit customers at major US bank…plunging some accounts into the negative.” You have heard me talk about my buddy Tom. He was a business partner from S. Africa. His wife’s account got tapped. They couldn’t pay for their medical equipment and the bank could not care less. They still have not fixed the issues in many cases. I am starting to wonder if the banks are in far worse shape then they are telling us?
MZ: “ $84,500,000,000 exits JP Morgan Chase, Wells Fargo and Citigroup in three months as depositors take flight” This is 84 Billion, 5 hundred thousand. This article was from 3 days ago…..
MZ: Now this from yesterday….” $44,354,000,000 exits Bank of America, Morgan Stanley and BNY (Bank of New York) Mellon in three months as deposit flight refuses to relent” This is 44 Billion, 354 million….
MZ: “ A financial crisis is here-US banks are closing down hundreds of branches and laying off thousands of workers” Last year US banks shut down 2000 more branches then they opened. They have cut their staffs more than 20,000 positions so far just this year. In reality banks are troubled and hurting.
Member: November 12th deadline for ISO bank compliance-International Standards….
Member: Mark, Hope your gut is still telling you this is very soon
Member: Bo Polny says Oct 24 will be a event day!
Member: I sure pray we at least have an RV for a wonderful holiday season.
Member: Everything is moving very fast now this week is going to be very up and down buckle up!
Member: Thanks to Mark and Mods……Everyone have a great day.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
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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!
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