Emailed to Recaps:
MarkZ Tuesday Night 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
MZ: No luck getting back on youtube tonight…..may have to drop it…post RV I'm planning on only using twitch anyway
MZ: I am tired and weary but cautiously excited tonight
MZ: 2 excellent sources in Iraq think they will have their rate in the Gazette on Wednesday
MZ: 2 people in Zurich at HSBC think that their funds will be liquid tomorrow…1 of these exchanges was a Zim exchange…..
MZ: they were at the table last night and told their funds will be liquid Wed. Morning
MZ: On the treasury side they are saying it could happen tonight……another government source said anytime in the next 72 hours
Q; Did the gold certificates arrive in the US today?
....
Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day
by Tyler Durden Tue, 07/16/2019
There is a reason James Simons' RenTec is the world's best performing hedge fund - it spots trends (even if they are glaringly obvious) well ahead of almost everyone else, and certainly long before the consensus.
That's what happened with Deutsche Bank, when as we reported two weeks ago, the quant fund pulled its cash from Deutsche Bank as a result of soaring counterparty risk, just days before the full - and to many, devastating - extent of the German lender's historic restructuring was disclosed, and would result in a bank that is radically different from what Deutsche Bank was previously
In any case, now that RenTec is long gone, and questions about the viability of Deutsche Bank are swirling - yes, it won't be insolvent overnight, but like the world's biggest melting ice cube, there is simply no equity value there any more - everyone else has decided to cut their counterparty risk with the bank with the €45 trillion in derivatives, and according to Bloomberg Deutsche Bank clients, mostly hedge funds, have started a "bank run" which has culminated with about $1 billion per day being pulled from the bank.
....
Want To Become A Multi-Millionaire? Part 2 of 2
Do These 15 Things Immediately.
By Benjamin Hardy
9. Set 10X Goals and Face Your Fears
Look at your current goals.
Why is that your metric for “success”?
Why is that your target?
What would happen if, in all seriousness, you 10X’d that target?
What if rather than earning $3,000/month, you pursued $30,000/month?
...
Want To Become A Multi-Millionaire? Part 1 of 2
Do These 15 Things Immediately.
By Benjamin Hardy
“The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.” — Jim Rohn
Most people wish their circumstances would magically change for them. They don’t have the desire to become better themselves so they can proactively improve their own circumstances.
Unlike most people, who simply wait and wish for luck, you can seek to become the kind of person equipped with the skills and abilities to do brilliant things.
...
Notes From The Field By Simon Black
July 15, 2019 Santiago, Chile
Congress Courageously Sticks US Taxpayers With A $6 Trillion Liability
There seems to be an unwritten rule with lawmakers that, every time they create a terrible piece of legislation, they give it the most noble-sounding name.
The USA PATRIOT Act from 2001 was a great example. It sounds great. Who wouldn’t love a law named for Patriots?
And yet that was easily among the most freedom-killing laws ever passed in US history, giving the federal government nearly unlimited authority to wage war and spy on its own people.
...
