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: Good evening, Mark, MODS, and all of my Z family.
Member: Anything new today Mark?
MZ: The news really is interesting and solid…we need to do our best to stay grounded.
Member: I hear the Iraqi people love Christmas as much or more as we do.
MZ: That would be accurate. It is a big one there. Christmas is one of the few holidays celebrated worldwide. It’s pretty much the only day they shut down the entire banking system everywhere in the world. What an ideal time to pull the trigger or flip the switch….
Member: I just want to inform everyone here that I have gotten paid. I am in Tier 3
MZ: We hope this is accurate. I have heard from others in tier 3 claiming they have gotten paid…and other individuals saying they have received some or a partial payment. I am hopeful it is indeed moving.
Member: If tier 3 is going than they must have a rate?!?
MZ: “The President of the Republic , the under secretary of the Minister of Finance discuss the 2025 budget “They are also telling up here that they expect a rate change before Jan. 1st. There is a lot of information hitting right now in Iraq. All the news is supporting a rate change before the end of the year.
MZ: “Sudani chooses advisors to continue working or relinquish positions after controversial remarks” Sudani is telling the folks to stop being a distraction from what we are trying to accomplish or step down and be removed. He says they are moving forward with their reforms with or without you. They can toe the line or get out. I love this one.
Member: The Korean Won dropped 50% today.
MZ: We are seeing some crazy stuff in the currency world right now.
MZ: Now to the rumors. It started with a conversation with a IRS contact….then moved into vetting this from other government contacts……it appears they have been notified that they have to update their emergency contacts by the close of day Friday.
MZ: From the bond side- they are telling me they very much expect their 1% by Christmas. I believe things are heating up.
MZ: the whole market froze today- like a deer in a headlight. Powell did his best to implode everything today with his indecision.
Member: The NASDAQ had been in record territory while the DOW has been selling the past 10 days, but today the NASDAQ sold off hard today too
Member: Lets go RV this weekend so we all have a holly jolly Christmas.
