Weekend News With MarkZ 1-11-2025
Weekend News With MarkZ
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
Mod: GOOD MORNING ALL! HAPPY SATURDAY! CBD MATT AND LUCAS KICK OFF THE FIRST 45 MINS AND MARK GIVES THE NEWS UPDATE AT 10:30 AM
Member: good Morning one and All
MZ: ” Parliamentary Finance: Political Blocs do not agree to amend article 12 on the region’s oil” HCL gets its second reading on Monday …it appears there will be serious progress on the HCL. This is a case where the title of the article does not reflect the content.
Member: Thought HCL was Approved already a few weeks ago? They really do like to kick the can
Member: Second Reading on Monday ONLY if not postponed AGAIN
Member: Goldilocks said HCL was done and they were only waiting for 2 laws to be signed in quickly and we are good to go. I believe they were signed in already.
MZ: I am being told if the second reading goes well….they will immediately do the third reading …then Boom we will finally have the HCL.
Member: This is mental gymnastics because it was said that HCL had been already done. They had a second reading before last year. It seems like they are trying to throw off timing on this.
MZ: No updates on CMKX, Mr. C or the bond side yet today
Member: I heard a rumor that Sudani said the IQD would be worth $54 cents in the next 72 hours.
Member: At this point, I don't care what the rate is. Just get it done. I will make it work
MZ: I had not heard that tumor yet…but who would jump on it? I would sure think about exchanging and holding it in a multi currency account
Member: so you hold it in an account like that to just wait for an increase in it's value? Sounds good
MZ: In today’s banking world where we do not have parity (same rate values) currencies fluctuate against each other. If you hold currency in a multi currency account –held in the bank account as Iraqi dinars…..not US dollars. Then if the currency rate goes up…..my bank account goes up as well.
Member: If I could bring in 25,000 IQD and hold the rest for later I would jump!
Member: Still hearing no RV until after the inauguration.
MZ: It’s possible. Mr. C is of that belief. But my banking sources still believe there is a good possibility we will have a rate change this evening……..late this evening
MZ: if the news is so good after this evening…..I will be here tomorrow to let you all know.
MZ: It always was stated that the best time to do this was between 11PM est and 2AM est on a Saturday night into a Sunday Morning …so maybe?
MZ: But a number of bond contacts told me very clearly it will happen after the 21st or 22nd.
Member: Will we still get a contract rate on the IQD?
Member: would you explain contract rate vs exchange rate in simple terms.
Member: the exchange rate is for general public. Contract rate is part of an oil contract in Iraq that will pay a higher rate than public rate. We'll get the contract rate on exchange.
MZ: “Zimbabwe’s currency crisis worsens as illegal traders flourish” This is showing us clearly why they need to move forward. Zimbabwe needs the reset- for all of us to go for them to have the liquidity they need.
Member: MilitiaMan is excited
MZ: Yes- we spoke yesterday ….He is excited and I am also very excited…there is a lot of good news coming out of Iraq this weekend.
Member: Everyone have a blessed weekend. Thanks, MarkZ for all you do.
Member: See everyone Monday …unless something big happens tonight….then see you tomorrow.
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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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
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.
THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!