Member: Good morning Mark, Mods and friends
Member: Let the RV begin
Member: Looks like we are in yet another “Holding Pattern” Will anything ever happen?????
MZ: I don’t think we are in another holding pattern……maybe this is last few weeks while things play out.
Member: I think we all have reached RV burnout… try like heck to stay positive, but it is challenging
Member: Hope you have some good news Mark. Could use it! Any bond news?
MZ: Lots of bond contacts I havn’t heard from in awhile started popping up. They are suddenly very upbeat for this week and this coming weekend.
Member: I saw something that said 75% of banks are struggling getting compliant with ISO20222. Maybe that is what is holding this up?
Member: Is it possible we see the RV around July 4th?
MZ: I think any day is possible. Things are moving so quickly. IMO the absolute worst case scenario…is the Judy Shelton comment that we will have a gold backed 50 year Treasury that is redeemable to gold by July 4th 2026. So to me….we will go somewhere between now and then. Personally I think it will happen this summer.
Member: on Judys comment about securities….I think she gave us a date but the wrong year for distraction. I’m hoping between now and July 4th of this year……
MZ: In Iraq: “ Minister of Trade: Iraq’s ascension to the WTO is a strategic step” They need to be finishing their white paper reforms and raising the purchasing power of the dinar.
MZ: “Minister: “Decline in the price of the dollar enhances the livelihood of citizens and improves monetary policy” The decline in the dollar is the increase in the dinar and that is good for the citizens. We are watching the white paper reforms.
MZ: This may be what has kept us from crossing the finish line. “Kurdish MP (Minister of Parliament) blames KRG for financial crisis between Baghdad and Erbil” He says they should put the citizens interest ahead of theirs.
Member: The IQD is just like the Neverending Story
Member: If 1 to 1 rate shows up in Iraq, I am cashing in.
Member: Did the budget tables get passed?
MZ: Budget tables are not yet in Parliament. Last I heard was they hope to have them by mid month.
Member: Iraq has another holiday starting on the 6th…..for about a week….Eid Al Aha.
Member: The Iraq golden crescent June 6-10
Member: People are saying the CBI is going to us the upcoming holiday as a cover to make the switch and change value.
Member: I am wondering if the Zim will hold is not good now that they have the ZIG?
MZ:I was told the Zim we hold is not related to the ZIG in any way…..The Zim we hold is a bond for humanitarians and comes from a different pot of funds. .
Member: If the 10 days of darkness starts today, it would finish by June 14 which is Juneteenth or the anniversary when slavery ended.
Member: Keep the faith everyone….It’s always darkest before the dawn.