Member: Good morning Mark, Z, and all the rest of this RV family. Looks like a great day for an RV!
Member: Question: Markz are exchange center worker contacts working now thru Sunday?
MZ: My Redemption Center contacts have not checked in. they usually let me know on Friday if they expect to work on the weekend or not. I’m guessing someone is reporting that they are?
Member: Yes- that’s the rumors floating around today.
MZ: There are a lot of Bond folks right now that are expecting final contracts. They have originating wires for payment. Now we are waiting to see the money move.
Member: So wires were sent…..they just need the money in their accounts to be spendable?
MZ: There are a number of groups that have their staffs on “stand-by” to come in and start working. A few have called people in to start preparing and lay down the groundwork on how to handle it ect…..
Member: I wonder if it’s gonna be a shotgun start or trickle out from East to West??
MZ: If they don’t go all at once……It’s a good opportunity to get more currency. If they don’t do it all at once….there will be double dipping. I believe they will do it all at one time.
Member: so do you know anyone with currency that has exchanged for dollars yet?
MZ: I do not know anyone that have exchanged currency for real money….yet.
Member: When bond holders are paid –do they help fund the currency holders or are they separate entities?
MZ: They are separate entities….but their liquidity in the banks helps to pay us.
Member: Wolverine is a bondholder. He says we are about to see the RV….He has many sources, including a South American platform. He lives in Australia.
Member: Hypothetically, once you cash in the first basket currency, what would be a good currency to purchase to catch the second basket.
MZ: That is going to depend what ends up in the first basket and what doesn’t? I will work on a list of what I think could be next.
Member: Possible first basket: 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 possibly 20. India 21. Libya 22. Japan23. Zimbabwe
MZ: The biggest ones I am looking for are Iraq, Vietnam, Indonisia and Zimbabwe.
Member: I pray the Bolivar is in the first basket as well.
Member: Does anyone know what the revalued the of the Indonesian Rupiah will be?
Member: its always been thought to come out at $1.47….we shall see
Member: Should we take all our different currencies with us to the redemption center?????
Member: I think you would be foolish not to. Take everything and they will tell you what they will exchange.
Member: Reports are at 6:13am Iraq time the CBI posted a rate of 480IQD to 1 USD. Stayed posted for 19 minutes before they changed it back to the normal 1310.
Member: The Iraq Stock Exchange and Iraqi Securities Commission signed a strategic MOU with the Abu Dhabi Securities Exchange (ADX) Wednesday, to join Tabadul digital trading platform.
MZ: “Iraq markets signs a memorandum of understanding with Abu Dhabi market to join the Tabadul platform” This means Iraq is fully international. This should mean they need a fully international rate on the dinar. Bare minimum…they need a real effective exchange rate (REER) if not a reinstatement or revaluation.
MZ: “ An unimaginable fortune: 55 billion tons of iron discovered in hidden reserve worth trillions of dollars and set to reshape global industry” this massive iron ore deposit is in Australia and worth trillions. I believe this is part of the move to the commodity cycle.
Member: Many countries are making huge wealth discoveries that could be used to back currencies.
Member: Eventually ALL currencies be on-par with each other……hope that happens after we exchange though. ??
Member: I’m retiring next Friday May 2. I sure hope and pray we RV this year
Member: I hope and pray we RV this week…lol
Member: Mark- Your best guess…Are we days or weeks away?
MZ: My guess would be just as useless as anyone else’s….but I would guess possibly next week. But it’s just a guess
Member: if you’ve been in this for any amount of time,you realize that everything they told us would happen is happening, maybe not as instant as some would like, but,steady common sense decisions.
Member: My exchange outfit is ironed and ready. Just need a notification!!!!
MZ: Charlie Ward is doing a golf tournament next week. I will be there for the gala Wednesday Night and speaking on Thursday. Zester will be speaking as well at 3:30 and 3:50 May 1st. I am thinking my topic may be on the history of resets and sound money.
