Tuesday Evening News with MarkZ 12/28/2021
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 Evening everyone
Member: I’m starting to feel like I’m on a road trip with my kids, ” are we there yet”
MZ: What I am hearing out of Bond folks in Europe…..some said their appointments have been moved to the 3rd or 4th……some are looking at January 10th now…..and they swear they will be walking away with dollars.
MZ: I still am hearing its at “any moment” from my domestic redemption folks in the US. Buckle up….there is going to be an incredible amount of smoke and misinformation. This is a roller coaster….you need to buckle up.
MZ: I am not hearing anything negative at all. Also, keep in mind that all bonds do NOT have to be completed first before they release the RV……Many bond redemptions could happen after. Don’t let this panic you.
Member: They need to rip the bandaid off……
MZ: I’m with you…..
Member: You know, people say “nothing can stop what’s coming”, but it seems every week something stops it.
Member: My understanding is we are waiting for Iraq to see their lower category notes and the announcement of their rate
Member: imo we might have to wait till iraq forms its new government which will be between 5th and 10th january
Member: I heard Jan 1st is going to be big
MZ: If I had to make a guess right now….I guess that anywhere between the 3rd and the 10th is going to be our “go” date. Could it be sooner? Absolutely…..we just do not know.
MZ: Redemption folks are ready at any moment and have been told they are working this weekend.
Member: I’ve heard notifications are starting and money is moving…. please let this be true finally
Member: I went to Wells-Fargo today to get a cashier’s check. The branch was closed for all activity requiring Internet access because the banking system was down. What the heck?
Member: My Bank sent out an email saying they are stop having ATM starting the 28th. Is that a sign??
Member: Dow closed +95.83 up. +167.52 shy of record high.
Member: Today was supposed to be the day Evergrande defaulted.on another $200 plus million they cannot pay.
MZ: Yes..looks like they defaulted again today……..
Member: The longer the delay, the more people are getting depressed. Not good!
Member: My eyes are so tired from watching this dang movie!!
Member: Who isn’t tired! Sheesh
Member: Thank you Mark: you are the calm in this storm
Please listen to replay for all the information
The next stream is tomorrow at 10Am est……..
Source: Dinar Recaps
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