Evening News with MarkZ 10/07/2022
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 Friday Night everyone.
MZ: Very much a nothing burger this evening, some bond contacts with tentative meetings over the weekend here in the US but European bond contacts were told, “see you Monday”.
Member: Mark, I see a lot of people posting how down they are…. I can only imagine how down you get when you have to do the “nothing burger” podcast….
MZ: It sucks to do a nothing burger…..but, it’s better to tell you all there is nothing then what some people do – make it up…….Nothing is not a bad thing.
Member: Mark, Nobody does NOTHING burgers better than you!!!
MZ: I am hearing very positive things about this weekend. It is a 3 day weekend.
MZ: I wanted to share this from Dave F. He did all the work…..you guys are going to remember this awhile ago when the Iraqi Gov. went after the group that a made a deal within 50 days of a revaluation. But, this is interesting timing…..hopefully something will come of it. We don’t know for certain…
MZ: Mark shares a screenshot that says: RV WITHIN 50 DAYS SINCE 8-21-2022 is OCT 9th. Sunday Oct 9th….all day.
MZ: This is very interesting and thank you David for taking the time to break this down and do the math for us.
MZ: My European bond contacts…the ones I talked to….were very disappointed when they were told to “Come back Monday morning”. But domestically here in the US some bond folks have tentative appointments throughout the weekend. Starting tomorrow evening and some on Sunday.
MZ: Monday is Columbus day….so don’t know how that works.
Member: I hear US Inc is in grace period for required debt payment due by 10/14, absolute drop dead date. Then RV may happen
Member: Mark do you think Vietnam could go before Iraq?
MZ: I think they will go at the same time but….it’s a possibility because they are desperately trying to get this out before Europe or the US crashes. It’s a race to the finish line before the world implodes on the financial front. .
Member: DOW dropped 600 POINTS! Today.
MZ: Yes, Markets were down over 630 points. Historically if you follow the charts it should have gone sideways today and then crash on Monday….but its already crashing and will be interesting to watch early next week IF we have not already gotten the RV.
Member: Any update from the contractors who were supposed to be paid in Iraq at the new rate many weeks ago.
MZ: I have given what I could …without getting in serious trouble. They are very happy and content.
MZ: Thanks to the Fredster for this one……it’s an oldie but a goldie…..about the Federal Reserve being rolled into the US Treasury. It’s a really fantastic piece.
MZ: https://www.linkedin.com/pulse/federal-reserve-rolled-us-treasury-economic-forecast-david-mashian
Member: Are banks closed this Monday?
Member: Columbus day observed by a Federal Reserve Bank holiday, which usually means banking institutions are closed”
Member: my c.u. is not closed on Columbus Day
Member: I think some are closed and some are not……
Member: Monday is Thanksgiving in Canada!
Member: for all those who are feeling depressed or losing hope, please watch Julie greens podcast this morning!! God is really encouraging!!!
Member: I don’t understand how people are feeling down, I’ve never been more excited
Member: have a great weekend and stay safe out there
Mod: YOU GUYS HAVE A BLESSED NIGHT AND RELAX!
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.
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
