Coffee with MarkZ and Mr. Cottrell. 11/01/2024
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
Member: Good Friday Morning…..hope everyone had a fun Halloween
Member: Welcome to November
Member: Could sure use some RV news today……hopefully good news.
Member: I think Mr C is right RV won’t happen until after election
Member: Is Nov our month Mark?
MZ: unfortunately we blew through Oct without it…..but Nov. sure looks good.
Member: What makes November different from October?
MZ: New cabinet positions in Iraq plus bond money movement and much more
Member: Plus the US elections will be done….so maybe Iraq will feel confident pulling the trigger when they know what administration they will be working with.
Member: I believe Al Sudani promised his people the rate would change in 2024
MZ: Sudani said they would end the auctions in 2024 and implied they would increase the purchasing power of the dinar as well….
Member: I hear when the auctions stop- we have our RV
MZ: Exactly.
MZ: In Iraq- It is official. There is a new speaker in Parliament today
MZ: Also in Iraq: “Sudanese arrives in Turkey on unannounced visit” To me this one is important. To me this means we are seeing serious progress in the HCL. (Hydro carbon Law) This is a pipeline to Turkey and part of the “Development Road Project” The new future to avoid the Suez canal is to go by land with a land bridge with transfer trucks and going by railroad.
MZ: This will take them through Iraq, Through Turkey to their ports. There is a large portion of oil sales from Iraq will be going out through a pipeline through Turkey. Most of the oil from the Kurdish region of Iraq already goes through Turkey…So this is an important step for the HCL.
MZ: “ In cooperation with a foreign consultant-Parliamentary Committee announces the attempt to amend the law of the Ministry of Oil” This is more on the HCL
MZ: “Oil products distribute 300,000 fuel card in Kirkuk” I do know that the fuel cards and new system are part of the HCL. Think of it like a government assistance. They set aside a certain portion of oil proceeds for the citizens….They give back to the people. It’s not a handout- but a cut of the oil production.
Member: I believe Kuwait also gives a portion of oil profits to their citizens
Member: Doesn’t Alaska provide its citizens a portion of oil proceeds?
Member: Yes, Alaska residents receive a payout from oil royalties in the form of the annual Permanent Fund Dividend (PFD)
Member: It’s like what the American Indians do with their casino revenue. They share it with their tribe.
MZ: “Economic Reforms in the era of the Sudanese- How have fiscal policies changed in two years” This is a fantastic read for all you folks who think everything is the same and its another Groundhog day.
Member: Will Non Iraqi citizens be able to redeem IQD for increase after revaluation without committing it to direct Iraqi investment?
MZ: Absolutely.
MZ: On the bond side: Same story and same positivity ….. But I do not think we will see a bond holder with funds until early next week. But, if we see a facilitator with money before that (which is highly possible) this weekend- we will know it is party time.
Member: Is it possible we could get our notifications before bond holders get their Money
MZ: Absolutely. My guess they start getting paid the same time we get notices to make appointments. It would be too hard to keep things quiet any other way.
Member: A shotgun start makes sense
Members: Others say we get notified anytime after Nov. 6th.
MZ: That is pretty much what the upper echelon in banking are saying now. .
Member: We have been on edge for such a long time waiting for the RV to happen, imagine being a bond holder, seeing your funds on a screen but not having access?
Member: Jeff Rahm last night said we would get 39-50 million for zim but 80% of that would be kept for projects. the 29% we get will be paid out over time.
Member: I always thought Zim might be paid in installments……Im ok with that as long as we get the full amount for the other currencies.
Member: When the RV happens will we be exchanging our Dinar for the old fiat dollars then to new currency or will it go straight from Dinar to new currency?
Meber: Wish we knew.
Member: Please stay positive. We are ALL ANXIOUS. Let’s support each other.
Meber: Praying there is no violence during this upcoming election week. Everyone stock up and stay safe.
Member: Thanks Mark and Mr. C…..everyone enjoy your Friday.
Mr. Cottrell and CBD Gurus join the stream today. Please listen to the replay for their information and opinions
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
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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.
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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
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