Wednesday Coffee with MarkZ. 06/18/2025
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: Happy Hump Day
Member: Every day we hear New vocab for RV folks: Hopium-Rollercoaster/ Dinarians / unalive them / Richhopefuls…lol
Member: GM Mark... juneteenth coming up...tomorrow……...
Member: Mark, would you happen to have any updates on the Iranian rial?
MZ: No- But my gut feeling is the Iran rial is going to be in the first basket. They are in the same economic area as Iraq. They share oil fields. Ideally the Iranian currency will be close to what the Iraqi currency is going to be.
Member: Mark what currencies do you think will be in the first basket
Member: old list- 1. US 2. UK 3. Kuwait 4. Canada 5. Mexico 6. Russia 7. China 8. Venezuela 9. Iranian Rial 10. IRAQ 11. Indonesia Rupiah 12. Malaysia 13. Vietnamese 14. Brazil 15. Saudi Arabia 16. Qatar 17. United Arab Emirates 18. Turkey 19. Afghanistan possibly20. India 21. Libya 22. Japan23. Zimbabwe
Member: Mark do you think bonds going quiet right before the Iran situation is a coincidence??
MZ: Right now everything has gone quiet so I believe its coming from the Treasury level….or the Sovereign level…….They could have gone quiet for 2-3 reasons. The most likely reason is to cloud the timing….or because we are close.
Member: anything on CMKX?
MZ: Nothing new yet….but not for lack of trying.
Member: Rumor has it that Iraqi dinar is at 6.24 on coinbase? do you concur ? thanks!
MZ: I do not concur. But we have seen some interesting pairings that point towards a much increased value. But we can’t do anything with it yet. We will keep watching it.
Member: Ghana’s currency jumped1/3 value April 15 (their Liberation Day 67 yrs after) from $0.64 - $0.97 but just in 2000’s their Ghana Dollar was worth $1.06 to USD. I believe the RV is getting ready!!!!
Member: Nixon screwed us with the removal of the gold standard. Please Lord give us that back!
Member: Went to Chase in Phx yesterday and spoke with a personal banker. He knows exactly what is going on with the RV
MZ: “Parliamentarian: Iraqi airspace under Washington’s control amid the absence of air defense capability” Iraq would profit from a regime change in Iran.
Member: what ever happened to the budget tables? last week seemed like a big push to get em done, and this week crickets.
Member: MM had a great video a couple days ago. Kurdistan salary settled possibly tuesday
MZ: “Kuwait on long bumpy journey toward stability. The economy was stopped cold by the Iraqi invasion and is starting a gradual recovery- but, the tiny country may never be the same” This article was from 1991….they talk about how long it will be before they raise the value of their currency……then BOOM….we have a massive increase in the Kuwaiti dinar.
MZ: There are similarities to what we are going through in Iraq right now. .
MZ: “US Senate passes GENIUS stablecoin bill in 68-30 vote.” Legitimate products with legitimate backing. This will take a lot of power away from the Federal Reserve. This is de-centralization and the bill will now go to the house.
Member: I pray the RV will get started by July 4th
Member: June 30 would be a good day to switch to gold standard....end of the fiscal quarter!
Member: July 1st is important…Basel 3 is supposed to be implemented in all banks by then.
Member: I wonder- what is the likelihood is we've all been awaiting the beginning of Quarter 3 on July 1? I seem to remember the finance folks in Iraq crying they wanted reinstatement at the beginning of a Quarter?
Member: Hope everyone stays safe during the storms that appear to keep producing tornados.
Member: Have a good day everybody.