Member: Happy Wednesday everyone. Drinks are on the house.
Member: Hope some GREAT bond news tonight!, Mark sounded pretty positive this morning about before the 14th!
Member: I Won’t Be Holding My Breath, But I’m Hoping For: Good, Gooder, Better Or Even Best News …
MZ: I did get an update from one of the bond folks with an appointment. (We have heard this before) But, they told them they would receive their 1 % this week. They say things went extremely well at closing.
MZ: I heard this second hand…..but, Someone else mentioned that they were told similar news and were told they would get their settlement this week.
Member: how much would their 1 % be?
MZ: Many millions and in some cases billions. It’s big
MZ: Something else that is curious starts on the 11th of July and goes to the 14thof July. Has your bank told you what this is?
Member: ISO20022?
Member: Fedwire and Iso 20022 migration?
MZ: Fedwire will be down for 3 days and you are not going to be able to send wires because they are implementing ISO 20022. Fedwire is a Federal Reserve platform . Services will be down starting Friday July 11 through Monday July 14th
MZ: Wouldn’t that be a really convenient time for what we want…..they need money transfers all around the world to be silent with as little banking chatter as possible. Just curious and is would be ideal timing. .
Member: I got notification from PNC bank ATM and mobile banking shut down those same dates
Member: My bank also down during that period for maintenance
Member: Yes, my bank will be down over 11-13 for maintenance, they say
Member: My wife works at a bank and they are scrambling to get everything finished for ISO 20022. I just smiled when she told me that.
Member: Verizon notified me that they are making changes sometime 7/11 to 7/14
Member: CLARITY Act and GENIUS Act should be done on the 14th too correct?
Member: My bank said closed 11th for parking lot repair
Member: Trump hits Iraq with 30% tariffs as he releases 7 new letters, is this good or bad?
MZ: “Trade confirms Iraqi exports will not be affected by new customs/duties” A lot of people are wigging out about Trumps letter to Iraq about tariffs. The ministry of trade says it really doesn’t affect them…either their energy projects or economy….. and they support the US decision to balance their trade imbalances. .
MZ: there are a lot of articles from various parliamentary members and economists about this saying they support the US.
MZ: “IMF Executive Board concludes 2025 article IV consultation with Iraq” They want us to know Iraq has done an amazing job this year amidst regional unrest, war ect……and congratulated them on non- oil revenues and all the modernization of the banking system.
Member: Come on Iraq – let’s rv already
Member: If we are going to a Star Trek future..why don’t we use the teleporter to remove whoever is stalling the RV.
Member: See ya later alligator…..After while crocodile!!
Member: Sweet RV dreams everyone…
Whiskey And Wisdom tonight at 8 pm est
