Coffee with MarkZ and Mr.Cottrell 10/21/2024
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 and welcome to a new week of RV possibilities.
Member: One day before the BRICS summit, 10 days before Halloween and 15 days until the elections.
MZ: It looks to be a very interesting week.
Member: Metals are rising fast....could this be the all at once Andy talks about?....the way its going gold could top 2800 by the end of the week?
MZ: It will be interesting to see how they pivot and how they handle this one. Will there be sheer panic? Will they unload paper silver to try to suppress it? Will people lose all faith? It will be one heck of a interesting week. Will the music stop on the financial game of musical chairs?
Member: They can’t print their way out of this one . Canada’s dept to gdp is over 200%
Member: I am actually shocked that more US Banks have not folded in this mess.
Member: BOA is the one that's supposed to take the biggest hit with shorts..
Member: I wonder if Russia has anything to do with the silver increase.
MZ: Absolutely they do….Just last week they announced that they are going to make silver part of their foreign currency reserves…along with gold to back up their currency. This absolutely had some effect.
Member: BRICS meetings start today/tomorrow! That will be interesting to hear what they talk about!
Member: We need a little tangible hope this morning Mark. Please give us something to chew on the RV front!
MZ: “Parliament reveals the secrets of 6 qualitative blows to currency counterfeiting networks in Iraq” Iraq points out they are fight this hard….a number of the counterfeiters come from China. They are working hard to keep their monetary supply clean. They also say this is a global issue –especially with the dollar in most countries of the world…
MZ: “Salaries will be delayed: Fundamental changes coming to the Iraqi money and financial system” Some are worried about the budget deficit. This is another reason we need the dinar value changed- to erase that. .
Member: How do the people in Iraq manage to survive with their pay being delayed so long????
MZ: On the bond side…There are lots of meetings coming this week. I believe we may have the anser as to whether bonds will go now or wait until a day or two after the election? All eyes are on the 23rd. Many bond holders have updates and bond meetings on the 23rd.
MZ: Groups have been aggregating Asian bonds….For them to be paid they have to start paying the German bonds.
Member: I thought German bonds were done last week ?
Member: Don’t we have to have a rate change in order for the bonds to be paid?
MZ: It depends on what kind of bonds and who is buying them …Some will need a rate change, and they will go after we start going to the banks. But most are paid with historic funds that are already in place.
MZ: As a typical Monday morning….most news will start trickling in this afternoon
Member: Checkout major move in VND. Moved 1.5%. Huge action. Usually a flatline.
Member: Mark, it seems like Iraq is ready to go and the GCR seems months away. I think Dinar and Zim go this week and helps escort the GCR and BRICS into a new economic age
Member: According to an analytical article in the Zimbabwean newspaper Herald. “As the number of BRICS member countries increases, so will the organization’s influence on the global economy.”
Member: Brics to dump US bonds/Treasuries soon
Member: Rumor is Operation Sandman starts soon where 100 or so countries will drop their US treasuries at the same time …If that happens….the system will crash.
Member: Some people are saying the USTN needs to be released and fiat bills out of circulation before Iraq will revalue!
MZ: I was told it will go at the same time.
Member: I wonder who has the power to override the rats to create a reset?
Member: I keep hoping those rats will be arrested soon…..so far-crickets
Member: I believe the RV will take place early next year but I hope I'm wrong but talking with the COO of Chase this is what they informed me as well
Member: I don’t believe it will happen until after elections…..Would love to be wrong.
Member: I believe we are in for a wonderful holiday season, new beginnings and togetherness
Member: We are headed to the finish line and receiving our blessing. Hold on, everyone, WE WILL WIN.
Mr. Cottrell and StacieZ join the stream today. Please listen to the replay for all of their information and opinions
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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