The GET Team Roundtable Conference Call 9/19/12 RECORDING LINK
Recording Time 120 mins Following is Edited Transcript of Call:
[LEO] Welcome To The G.E.T. Team Conference Call ~ We Thank You Members For Your Loyalty
[kktwahoo] Al not here yet Michangander here PQ here Historian here Robert here Frank not here yet Dwight not here yet Miss anybody? Sam's Prayer Amen and thank you, Sam! Frank is here now
[golddust] Frank is on
[kktwahoo] terryk
[kktwahoo] Exciting news Frank is still in London - conference concluded today Wee hours of morning in London
[golddust] It has been busy and long conference
...
Read More Link On Right
Recording Time 120 mins Following is Edited Transcript of Call:
[LEO] Welcome To The G.E.T. Team Conference Call ~ We Thank You Members For Your Loyalty
[kktwahoo] Al not here yet Michangander here PQ here Historian here Robert here Frank not here yet Dwight not here yet Miss anybody? Sam's Prayer Amen and thank you, Sam! Frank is here now
[golddust] Frank is on
[kktwahoo] terryk
[kktwahoo] Exciting news Frank is still in London - conference concluded today Wee hours of morning in London
[golddust] It has been busy and long conference
...
Read More Link On Right
[kktwahoo] Thanks for having me on this evening - very busy two days - started Tuesday morning Today 9 to 5:30 ] Main thrust was to give government and central bank to give opportunity to discuss plans to modernize banking systems in Iraq
[golddust] Main conference was to give the central bank and Iraq with potential partners and vendors opportunity Dr. Shabibi spoke and Allawi Chairman of Finance Most comments were about visions for the stradagey Various issues discussed access thier web site
[golddust] Modernizing thier banking systems electronic s security Micro financing help Sharia interact with banking system
[kktwahoo] Yesterday - high ranking officials laying groundwork Shabbibi, Allawi, member of Parliment, Finance Chrman, Deputy PM, others Most comments recognition of issues still in financial system of Iraq Steps taking and strategies adopting Very high level breakout sessions Learn more go to website debriefing each day Website, youtube or facebook page
[kktwahoo] Today specifically modernizing bankings system technology, security, ITN Enormous mistrust of financial institutions Taking of ATMS Microfinancing for entrepeneurs REgulatory system for banking system
[kktwahoo] A lot of these things tie together Interlock together not being as clear as could be Islamic banking and Sharia law ] Insuring deposits in banks
[kktwahoo] Install trust by insuring deposits, in Sharia law , people are supposed to work together and be mutually supportive http://youtu.be/tgO0cZU1SfY FRANK BELL
[kktwahoo] Insurance might be against this in some ways Clever strategies on their part My opinion,clerics want political power One of big obstacles , matter of moving funds ,Electronic transfers Another barrier,regard to capital markets and Iraqi Stock Exchange Have to float 25% of companies above certain size Once get to that point, have to do IPO on Iraqi Stock Exchange, trouble doing this in timely manner Will answer questions Both youtubes on home page
[kktwahoo] One Q for Frank - one of admins wants to know at the conference was most exciting news that you can tell us?
[kktwahoo] Announcement that CBI and Minister of Finance announced public private partnership with MYSYS to implement bank wiring system - similar to US system
[georgiamom57] the most exciting news was the CBI and the government announced a joint effort to introduce a bank wiring system
[kktwahoo] Information not flowing to banking system like they need it o
[kktwahoo] Thanks Frank
[kktwahoo] terryk to you again Lots of rumors going around
[georgiamom57] terryk lot of news and rumors going around we do have individuals claiming tonight/tomorrow just rumors
[kktwahoo] Rumor got out about WF having something but they did NOT Some making claims tonight or tomorrow - but do NOT hold your breath Key players are in London now HCL and out of Chapter VII - not confirmed - just got a couple hours ago
[kktwahoo] I don't think it will be much longer but not sure - too many positive things going on Major company sending over some people Don't leave yourself out there - this is real, not a game - life changing stuff Don't play with more than you can lose It is an investment Do what is right for you and your family
[georgiamom57] if HCL and out of Chapter VII could see something shortly of positive things going on major companies attended conference in London this is life changing stuff this is an investment don't play with more than you can afford to lose
[kktwahoo] Michangander now - articles - Round Table I thought Bludog and Mac would be on - have been extremely busy Trying to get everything done Trying to get banking up to par Don't have much other than that We are going to get on the internet radio channel - syndicated radio Played 7 times during week Gives people opportunity to listen when they are not working
[georgiamom57] articles showing appears they are trying to get everything done trying to get their banking up to par terryk says we had talked about previously of syndicated radio and try to get more exposure for GET will be played around the world
[kktwahoo] PQ here? I don't have anything to add tonight - continue to be confident and positive Encouragement from meetings in Iraq and elsewhere
[georgiamom57] next PQ PQ doesn't have a lot to add but remains confident and positive
[kktwahoo] Historian now (call dropped on later)
[kktwahoo] FRank - add one more thing - at start of conference Materials - was supposed to be discussion about redomination and deletion of zeroes
[kktwahoo] Allawi said no discussion of currency of Iraq during conference - one mention about remonitization but that is it Representative of Royal Mint - talked about minting of coins briefly - 2 or 3 minutes only Told to it would be months or a year to get rv Thanks Frank
[georgiamom57] Frank wants to add one more thing there was discussion about deletion of the zeros and Allawi stated there we be no discussion on the currency of Iraq during the conference talked about minting the coins very briefly and the cost of that talked to old boss about Kuwait rv and he told months before rv and then it happened the next week
[kktwahoo] Bludog just got on - can only be here for a little bit
[georgiamom57] Bluedog on now
[kktwahoo] Today - govt finally decided deleting zeroes was all legal etc. Deleting zeroes will cause harm to Iraqi economy Talibani meeting with Maliki about meetings
[georgiamom57] Central Bank announce earlier the project to delete zeros will change budget from trillions to billions Parlimentary committee determines deleting zeroes is legal Talabani meeting with Maliki about meeting
[kktwahoo] Barzani is ready to have meetings with Maliki now Play in perfect harmany - exactly what is going on Everyone is starting to get together over there now Inflation is unsatisfactory
[georgiamom57] Barzani ready to meet with Maliki you don't see division in Iraqi govt any longer seems they are trying to get together inflation is unacceptable
[kktwahoo] 5% is allowed in budget We want CBI to take reins and work out inflation rate to be reasonable Threatened to pull out Bargaining chip for HSBC Capital Bank from Jordan - opportunity for investment in Iraq
[georgiamom57] other banks are flooding into Iraq numerous branches throughout Iraq
[kktwahoo] numerous branches in Iraq - HSBC does - will not pull out Breakthrough soon to remove Iraq from Chapter VII Kuwait is ready to forgive some of debt for Iraq - in some form
[georgiamom57] looks like Kuwait is ready to forgive Iraq for some of the debt to move things along a little quicker the new year budget will be prepared by mid October
[kktwahoo] Budget - 2013 - will be prepared by mid-October Was due in September - may move back to October to get a rate Needed by new year When Jan 1, 2013, we will have a budget ready to open up Don't go to London if you don't have things ready
[georgiamom57] Bluedog says by first of year will have a budget ready to open you don't go to London and discuss all these things and not have a budget and a rate ready to go Article about Iraq helping other countries out of bankruptcy was a very positive article
[kktwahoo] Seems like we are getting along and getting things done Iraq will be bank for world and pull banks out of sand terryk that is all i have and have to leave now
[kktwahoo] Al?
[kktwahoo] Al here now Thanks to DB and DI for great news tonight
[kktwahoo] Absolutely terryk
[kktwahoo] Leo and I have been working on our webpage for 2 or 3 weeks now
[georgiamom57] Leo and Al have been working on forum last few weeks
[kktwahoo] Historian - not quite sure - 3 of us can get together - looking at spreading out and do something too for you - have your information right there - introduction to forum
[georgiamom57] terryk really appreciates Historian and will have a place in forum for whatever she wants
[kktwahoo] Al - anything else? Al - all he has for now - good call
[georgiamom57] thats all Al has
[georgiamom57] Historian now has a lot to talk about bit of discussion based on emails about IQD being a free float
[kktwahoo] Historian - got dropped earlier - no did not realize you called me I have a lot of stuff to talk about Was making notes - had earphones off Question from jitterbug - like KWD Free float - discussions by various peeps with own theories Not just dinar world - lots more to it I don't comment on others' theories People always have different theories
[georgiamom57] lot of people are confused with so many theories being discussed will be different theories post RV from wealth managers etc need to know how to analyze these people always have theories ] some understand different parts of the picture better than others
[kktwahoo] Does not mean that some are no more or less All pieces pulled out Theories start to converge more and more - arrive at universal truth and standard ] Not necessarily lying - just have different theories and information Where are you comfortable Go with your own instincts
[georgiamom57] as more puzzle pieces come out they start arriving at universal truths and standards you have to come to an understanding where you are comfortable rely on your own ability to understand dont try to get in to things that are foreign and unfamiliar to you my own theory is that I strongly believe that the world is shifting to asset back currency not just gold backed asset backed
[kktwahoo] Come to your ability to understand things I have a different viewpoint on dinar about free float More dinar's relationship to other currencies I strongly believe the world is moving to asset-backed currencies - NOT just gold I will talk about this for a few minutes
[kktwahoo] BRICS - BRazil, Russia, India, China and South Africa Stopped trading among this group in USD Been going for some time Reported in mainstream news Japan has now joined this group and Venezula Growing number doing this
[georgiamom57] the BRICS countries are the economic leaders in the world and they stopped trading USD some time ago we also know Japan joined that group more and more countries are not using the USD as their reserve then Iraq started saying they would trade oil for gold
[kktwahoo] Feb this year - news in mainstream that Iran would start selling oil with gold - India and China and Russia said they would do this too
[kktwahoo] Canadian Broadcasting a few days ago - Iran and China - China now biggest buyer of oil from Iran - not enough room to store oil as it comes - build tanker ships to store oil This is like old news to them - oil for gold
[georgiamom57] China is a major buyer of Iranian oil they don't even have enough tankers to store it they will have to build more tankers
[kktwahoo] Latest thing saw on online - not able to verify - but everything - identifies that China will sell oil to other countries by the yuan Russia will sell China as much oil as it wants to fulfill these contracts Will not see this on USA news most likely Push by BRICS and their trading allies to NOT trade in USD any more Hey, we are shifting to something else
[georgiamom57] China is now staging they will sell oil for yuan probably will see on the Asian bureaus these are tiny little puzzle pieces that are saying hey we are shifting to something else
[kktwahoo] World is in terrible shape now Fiat dollar is a mess Movement out there separate from RV previously announcement China would back yuan with gold - supposed to be happening soon As more and more countries do this that is the end of the USD as reserve currency of the world
[georgiamom57] the fiat dollar just creates more problems ] there is a movement out there and have been going on for sometime and is increasing if this to starts to pick up then thats pretty much the end of the FED dollar as thats all it has holding it up
[kktwahoo] The problem is fiat currency Need it to be a basket of currencies Single currency that is universal that is used Generic universal model that does NOT repeat problems of current model If Fed Res will not step aside they will not have a choice when this happens Eventually a lot of problems that the current system has
[georgiamom57] I think they need to look for a generic universal model so that the problem won't continue It is not an insult to a country or its people its just a need for a better system not just gold backed but commodities as well countries that have many types of infracstuctures such as transportation and telecommunications can be considered assets as well
[kktwahoo] Yes, we are moving to asset backed currencies Gold, commodities and other things Countries have many types of assets - infrastructure for their economy Those assets have a value Some kind of formula that looks in a modern sense of what is backing a currency
[kktwahoo] What is their formula I have kept records of a lot of intel as it came out A lot of this is complex - discussion and formulas - have probably calculated value of every currency in world
[georgiamom57] when we hear there is going to be an RV and then we hear some countries are not happy with their value then they have to go back to more discussions its not going to be how much do we trade that currency but how much we trade the underlying assets
[kktwahoo] I don't think countries' currency will change - will be change in underlying assets Will Dinar come out low and float up? If there is an objective, neutral way to calculate value of assets, then it will used a lot Everyone will buy dinar if it is ten cents Assumption - that we ARE going to asset-backed currencies so don't think floats are realistic
[georgiamom57] you can't arbitrailary change just one currency all of this is dependent upon a specific assumption and that assumption in my view is we are all going to an asset backed currency
[kktwahoo] It is possible but they may do things that are NOT logical I tend to think the dinar would be high because they have a lot of assets I think this is what I will leave it at - my best explanation
[georgiamom57] Its political state will not have much to do with the rate of its currency
[kktwahoo] terryk - we have information that they could support a rate of $16.16 if they chose to do it
[georgiamom57] terryk says we had information last year based on their assets they could support a rate of $16
[kktwahoo] I think it will be strong and will NOT float Dinar used to purchase oil in future Trade it off and buy it up and turn it into digital value and buy oil contracts with it ] I think all currencies will come out and dinar will NOT float - some may not change too much Thanks - that is what I had to say today
[georgiamom57] there was an economic analysis that actually did say that I don't see the amount of currency they have out there is all that relevant Historian does not believe its going to float or come out low thats all Historian has
[kktwahoo] Thanks Historian
[kktwahoo] Q & A Session
[kktwahoo] Q in que - AC 404
[kktwahoo] Enjoyed Historian even though it was broken
[kktwahoo] 7 yrs IMF said they could RV 1.17 or 2.72 based on their assets
[kktwahoo] I have heard it will be 20% of their assets
[kktwahoo] Seems like the most ridiculous thing
[georgiamom57] I've heard that it is going to be 20% of their assets the float is a most ridiculous thing
[kktwahoo] Ludicrous
[kktwahoo] Some of there people are pumpers - does not comute or make sense to me
[georgiamom57] I think some of these 10 cents people are just pumpers
[georgiamom57] I think Historian is right on the money
[kktwahoo] AC 256
[georgiamom57] AC 256
[kktwahoo] Historian - what are you thinking on ??????
[georgiamom57] Historian I wonder what your thinking the dong will do
[georgiamom57] I know they want it high but I don't know how high it will go it will be based on a formula
[georgiamom57] I don't think its going to be that low
[georgiamom57] I think they have more wealth than people realize
[kktwahoo] Question has not been answered yet?
[kktwahoo] More than one sport
[kktwahoo] AC 951
[mangiabuona2] lol
[kktwahoo] Larry - fireman - wanted to ask you did anybody hear about National Conference?
[kktwahoo] nope
[georgiamom57] this is spiderman and I want to ask if anyone heard about the national conference and is elvis' favorite sport martial arts
[georgiamom57] terryk says he thinks the conference is first week of November but not sure
[kktwahoo] terryk - don't know when National Conference is scheduled - been focused on London Conference
[kktwahoo] Rumor for dong trying to get it to 62 cents
[georgiamom57] btw the last call I had from source is they are trying to get to 62 cents on dong
[kktwahoo] At one time dong was at 2.22
[georgiamom57] Historian thinks this is realistic and is really kinda low
[georgiamom57] They have 3 rigs going and they already have people to buy their oil and they have a lot of gemstones and rare earth minerals
[georgiamom57] Historian has all her currency in dinar and dong except what she needs to operate daily
[georgiamom57] why would she buy gold or any other metal when the dinar is a much better investment as the ROI will be much better than gold will ever be
[kktwahoo] Historian's cpa thinks it is sensible even though he is very conservative
[georgiamom57] don't overinvest but don't underinvest don't have any regrets
[kktwahoo] skype caller
[georgiamom57] the other one is an odd one
[kktwahoo] Other one is odd
[kktwahoo] Big Bank Meeting?
[georgiamom57] I would like to know about the big bank meeting...come back to call and listen to recording it was about 15 min into call
[georgiamom57] - Thanks to Sam, Bluedog Historian, Michigander, Frank and Robert, Tina mods admins and mangers and most of all the members!
[georgiamom57] Praying for Connie
[kktwahoo] dinarlady Janice and Veronica - happy birthday wishes
[kktwahoo] Closing prayer
[kktwahoo] PQ?
[kktwahoo] Sam's prayer by PQ
BENEDICTION:
Dear Father in heaven:
As we close another day, we come before and request that You watch over us until we meet again. We ask as a family that You release this blessing according to Your will and purpose.
May we learn to wait in faith and trust in You knowing that You are completely in control of our lives. Until that glorious day when we see You Face to face….
May the Lord bless you and keep you. May the Lord make His Face to shine upon you and be gracious unto you, And give you peace now and forever. In Jesus Name AMEN!
[kktwahoo] Thanks PQ and Sam and Amen! Good night everyone - God Bless you
[LEO] Thank You For Being A Loyal Member Of The G.E.T Team We Appreciate You All ~ Come To Us RV ~ Good Night
[georgiamom57] God Bless You All
[golddust] Main conference was to give the central bank and Iraq with potential partners and vendors opportunity Dr. Shabibi spoke and Allawi Chairman of Finance Most comments were about visions for the stradagey Various issues discussed access thier web site
[golddust] Modernizing thier banking systems electronic s security Micro financing help Sharia interact with banking system
[kktwahoo] Yesterday - high ranking officials laying groundwork Shabbibi, Allawi, member of Parliment, Finance Chrman, Deputy PM, others Most comments recognition of issues still in financial system of Iraq Steps taking and strategies adopting Very high level breakout sessions Learn more go to website debriefing each day Website, youtube or facebook page
[kktwahoo] Today specifically modernizing bankings system technology, security, ITN Enormous mistrust of financial institutions Taking of ATMS Microfinancing for entrepeneurs REgulatory system for banking system
[kktwahoo] A lot of these things tie together Interlock together not being as clear as could be Islamic banking and Sharia law ] Insuring deposits in banks
[kktwahoo] Install trust by insuring deposits, in Sharia law , people are supposed to work together and be mutually supportive http://youtu.be/tgO0cZU1SfY FRANK BELL
[kktwahoo] Insurance might be against this in some ways Clever strategies on their part My opinion,clerics want political power One of big obstacles , matter of moving funds ,Electronic transfers Another barrier,regard to capital markets and Iraqi Stock Exchange Have to float 25% of companies above certain size Once get to that point, have to do IPO on Iraqi Stock Exchange, trouble doing this in timely manner Will answer questions Both youtubes on home page
[kktwahoo] One Q for Frank - one of admins wants to know at the conference was most exciting news that you can tell us?
[kktwahoo] Announcement that CBI and Minister of Finance announced public private partnership with MYSYS to implement bank wiring system - similar to US system
[georgiamom57] the most exciting news was the CBI and the government announced a joint effort to introduce a bank wiring system
[kktwahoo] Information not flowing to banking system like they need it o
[kktwahoo] Thanks Frank
[kktwahoo] terryk to you again Lots of rumors going around
[georgiamom57] terryk lot of news and rumors going around we do have individuals claiming tonight/tomorrow just rumors
[kktwahoo] Rumor got out about WF having something but they did NOT Some making claims tonight or tomorrow - but do NOT hold your breath Key players are in London now HCL and out of Chapter VII - not confirmed - just got a couple hours ago
[kktwahoo] I don't think it will be much longer but not sure - too many positive things going on Major company sending over some people Don't leave yourself out there - this is real, not a game - life changing stuff Don't play with more than you can lose It is an investment Do what is right for you and your family
[georgiamom57] if HCL and out of Chapter VII could see something shortly of positive things going on major companies attended conference in London this is life changing stuff this is an investment don't play with more than you can afford to lose
[kktwahoo] Michangander now - articles - Round Table I thought Bludog and Mac would be on - have been extremely busy Trying to get everything done Trying to get banking up to par Don't have much other than that We are going to get on the internet radio channel - syndicated radio Played 7 times during week Gives people opportunity to listen when they are not working
[georgiamom57] articles showing appears they are trying to get everything done trying to get their banking up to par terryk says we had talked about previously of syndicated radio and try to get more exposure for GET will be played around the world
[kktwahoo] PQ here? I don't have anything to add tonight - continue to be confident and positive Encouragement from meetings in Iraq and elsewhere
[georgiamom57] next PQ PQ doesn't have a lot to add but remains confident and positive
[kktwahoo] Historian now (call dropped on later)
[kktwahoo] FRank - add one more thing - at start of conference Materials - was supposed to be discussion about redomination and deletion of zeroes
[kktwahoo] Allawi said no discussion of currency of Iraq during conference - one mention about remonitization but that is it Representative of Royal Mint - talked about minting of coins briefly - 2 or 3 minutes only Told to it would be months or a year to get rv Thanks Frank
[georgiamom57] Frank wants to add one more thing there was discussion about deletion of the zeros and Allawi stated there we be no discussion on the currency of Iraq during the conference talked about minting the coins very briefly and the cost of that talked to old boss about Kuwait rv and he told months before rv and then it happened the next week
[kktwahoo] Bludog just got on - can only be here for a little bit
[georgiamom57] Bluedog on now
[kktwahoo] Today - govt finally decided deleting zeroes was all legal etc. Deleting zeroes will cause harm to Iraqi economy Talibani meeting with Maliki about meetings
[georgiamom57] Central Bank announce earlier the project to delete zeros will change budget from trillions to billions Parlimentary committee determines deleting zeroes is legal Talabani meeting with Maliki about meeting
[kktwahoo] Barzani is ready to have meetings with Maliki now Play in perfect harmany - exactly what is going on Everyone is starting to get together over there now Inflation is unsatisfactory
[georgiamom57] Barzani ready to meet with Maliki you don't see division in Iraqi govt any longer seems they are trying to get together inflation is unacceptable
[kktwahoo] 5% is allowed in budget We want CBI to take reins and work out inflation rate to be reasonable Threatened to pull out Bargaining chip for HSBC Capital Bank from Jordan - opportunity for investment in Iraq
[georgiamom57] other banks are flooding into Iraq numerous branches throughout Iraq
[kktwahoo] numerous branches in Iraq - HSBC does - will not pull out Breakthrough soon to remove Iraq from Chapter VII Kuwait is ready to forgive some of debt for Iraq - in some form
[georgiamom57] looks like Kuwait is ready to forgive Iraq for some of the debt to move things along a little quicker the new year budget will be prepared by mid October
[kktwahoo] Budget - 2013 - will be prepared by mid-October Was due in September - may move back to October to get a rate Needed by new year When Jan 1, 2013, we will have a budget ready to open up Don't go to London if you don't have things ready
[georgiamom57] Bluedog says by first of year will have a budget ready to open you don't go to London and discuss all these things and not have a budget and a rate ready to go Article about Iraq helping other countries out of bankruptcy was a very positive article
[kktwahoo] Seems like we are getting along and getting things done Iraq will be bank for world and pull banks out of sand terryk that is all i have and have to leave now
[kktwahoo] Al?
[kktwahoo] Al here now Thanks to DB and DI for great news tonight
[kktwahoo] Absolutely terryk
[kktwahoo] Leo and I have been working on our webpage for 2 or 3 weeks now
[georgiamom57] Leo and Al have been working on forum last few weeks
[kktwahoo] Historian - not quite sure - 3 of us can get together - looking at spreading out and do something too for you - have your information right there - introduction to forum
[georgiamom57] terryk really appreciates Historian and will have a place in forum for whatever she wants
[kktwahoo] Al - anything else? Al - all he has for now - good call
[georgiamom57] thats all Al has
[georgiamom57] Historian now has a lot to talk about bit of discussion based on emails about IQD being a free float
[kktwahoo] Historian - got dropped earlier - no did not realize you called me I have a lot of stuff to talk about Was making notes - had earphones off Question from jitterbug - like KWD Free float - discussions by various peeps with own theories Not just dinar world - lots more to it I don't comment on others' theories People always have different theories
[georgiamom57] lot of people are confused with so many theories being discussed will be different theories post RV from wealth managers etc need to know how to analyze these people always have theories ] some understand different parts of the picture better than others
[kktwahoo] Does not mean that some are no more or less All pieces pulled out Theories start to converge more and more - arrive at universal truth and standard ] Not necessarily lying - just have different theories and information Where are you comfortable Go with your own instincts
[georgiamom57] as more puzzle pieces come out they start arriving at universal truths and standards you have to come to an understanding where you are comfortable rely on your own ability to understand dont try to get in to things that are foreign and unfamiliar to you my own theory is that I strongly believe that the world is shifting to asset back currency not just gold backed asset backed
[kktwahoo] Come to your ability to understand things I have a different viewpoint on dinar about free float More dinar's relationship to other currencies I strongly believe the world is moving to asset-backed currencies - NOT just gold I will talk about this for a few minutes
[kktwahoo] BRICS - BRazil, Russia, India, China and South Africa Stopped trading among this group in USD Been going for some time Reported in mainstream news Japan has now joined this group and Venezula Growing number doing this
[georgiamom57] the BRICS countries are the economic leaders in the world and they stopped trading USD some time ago we also know Japan joined that group more and more countries are not using the USD as their reserve then Iraq started saying they would trade oil for gold
[kktwahoo] Feb this year - news in mainstream that Iran would start selling oil with gold - India and China and Russia said they would do this too
[kktwahoo] Canadian Broadcasting a few days ago - Iran and China - China now biggest buyer of oil from Iran - not enough room to store oil as it comes - build tanker ships to store oil This is like old news to them - oil for gold
[georgiamom57] China is a major buyer of Iranian oil they don't even have enough tankers to store it they will have to build more tankers
[kktwahoo] Latest thing saw on online - not able to verify - but everything - identifies that China will sell oil to other countries by the yuan Russia will sell China as much oil as it wants to fulfill these contracts Will not see this on USA news most likely Push by BRICS and their trading allies to NOT trade in USD any more Hey, we are shifting to something else
[georgiamom57] China is now staging they will sell oil for yuan probably will see on the Asian bureaus these are tiny little puzzle pieces that are saying hey we are shifting to something else
[kktwahoo] World is in terrible shape now Fiat dollar is a mess Movement out there separate from RV previously announcement China would back yuan with gold - supposed to be happening soon As more and more countries do this that is the end of the USD as reserve currency of the world
[georgiamom57] the fiat dollar just creates more problems ] there is a movement out there and have been going on for sometime and is increasing if this to starts to pick up then thats pretty much the end of the FED dollar as thats all it has holding it up
[kktwahoo] The problem is fiat currency Need it to be a basket of currencies Single currency that is universal that is used Generic universal model that does NOT repeat problems of current model If Fed Res will not step aside they will not have a choice when this happens Eventually a lot of problems that the current system has
[georgiamom57] I think they need to look for a generic universal model so that the problem won't continue It is not an insult to a country or its people its just a need for a better system not just gold backed but commodities as well countries that have many types of infracstuctures such as transportation and telecommunications can be considered assets as well
[kktwahoo] Yes, we are moving to asset backed currencies Gold, commodities and other things Countries have many types of assets - infrastructure for their economy Those assets have a value Some kind of formula that looks in a modern sense of what is backing a currency
[kktwahoo] What is their formula I have kept records of a lot of intel as it came out A lot of this is complex - discussion and formulas - have probably calculated value of every currency in world
[georgiamom57] when we hear there is going to be an RV and then we hear some countries are not happy with their value then they have to go back to more discussions its not going to be how much do we trade that currency but how much we trade the underlying assets
[kktwahoo] I don't think countries' currency will change - will be change in underlying assets Will Dinar come out low and float up? If there is an objective, neutral way to calculate value of assets, then it will used a lot Everyone will buy dinar if it is ten cents Assumption - that we ARE going to asset-backed currencies so don't think floats are realistic
[georgiamom57] you can't arbitrailary change just one currency all of this is dependent upon a specific assumption and that assumption in my view is we are all going to an asset backed currency
[kktwahoo] It is possible but they may do things that are NOT logical I tend to think the dinar would be high because they have a lot of assets I think this is what I will leave it at - my best explanation
[georgiamom57] Its political state will not have much to do with the rate of its currency
[kktwahoo] terryk - we have information that they could support a rate of $16.16 if they chose to do it
[georgiamom57] terryk says we had information last year based on their assets they could support a rate of $16
[kktwahoo] I think it will be strong and will NOT float Dinar used to purchase oil in future Trade it off and buy it up and turn it into digital value and buy oil contracts with it ] I think all currencies will come out and dinar will NOT float - some may not change too much Thanks - that is what I had to say today
[georgiamom57] there was an economic analysis that actually did say that I don't see the amount of currency they have out there is all that relevant Historian does not believe its going to float or come out low thats all Historian has
[kktwahoo] Thanks Historian
[kktwahoo] Q & A Session
[kktwahoo] Q in que - AC 404
[kktwahoo] Enjoyed Historian even though it was broken
[kktwahoo] 7 yrs IMF said they could RV 1.17 or 2.72 based on their assets
[kktwahoo] I have heard it will be 20% of their assets
[kktwahoo] Seems like the most ridiculous thing
[georgiamom57] I've heard that it is going to be 20% of their assets the float is a most ridiculous thing
[kktwahoo] Ludicrous
[kktwahoo] Some of there people are pumpers - does not comute or make sense to me
[georgiamom57] I think some of these 10 cents people are just pumpers
[georgiamom57] I think Historian is right on the money
[kktwahoo] AC 256
[georgiamom57] AC 256
[kktwahoo] Historian - what are you thinking on ??????
[georgiamom57] Historian I wonder what your thinking the dong will do
[georgiamom57] I know they want it high but I don't know how high it will go it will be based on a formula
[georgiamom57] I don't think its going to be that low
[georgiamom57] I think they have more wealth than people realize
[kktwahoo] Question has not been answered yet?
[kktwahoo] More than one sport
[kktwahoo] AC 951
[mangiabuona2] lol
[kktwahoo] Larry - fireman - wanted to ask you did anybody hear about National Conference?
[kktwahoo] nope
[georgiamom57] this is spiderman and I want to ask if anyone heard about the national conference and is elvis' favorite sport martial arts
[georgiamom57] terryk says he thinks the conference is first week of November but not sure
[kktwahoo] terryk - don't know when National Conference is scheduled - been focused on London Conference
[kktwahoo] Rumor for dong trying to get it to 62 cents
[georgiamom57] btw the last call I had from source is they are trying to get to 62 cents on dong
[kktwahoo] At one time dong was at 2.22
[georgiamom57] Historian thinks this is realistic and is really kinda low
[georgiamom57] They have 3 rigs going and they already have people to buy their oil and they have a lot of gemstones and rare earth minerals
[georgiamom57] Historian has all her currency in dinar and dong except what she needs to operate daily
[georgiamom57] why would she buy gold or any other metal when the dinar is a much better investment as the ROI will be much better than gold will ever be
[kktwahoo] Historian's cpa thinks it is sensible even though he is very conservative
[georgiamom57] don't overinvest but don't underinvest don't have any regrets
[kktwahoo] skype caller
[georgiamom57] the other one is an odd one
[kktwahoo] Other one is odd
[kktwahoo] Big Bank Meeting?
[georgiamom57] I would like to know about the big bank meeting...come back to call and listen to recording it was about 15 min into call
[georgiamom57] - Thanks to Sam, Bluedog Historian, Michigander, Frank and Robert, Tina mods admins and mangers and most of all the members!
[georgiamom57] Praying for Connie
[kktwahoo] dinarlady Janice and Veronica - happy birthday wishes
[kktwahoo] Closing prayer
[kktwahoo] PQ?
[kktwahoo] Sam's prayer by PQ
BENEDICTION:
Dear Father in heaven:
As we close another day, we come before and request that You watch over us until we meet again. We ask as a family that You release this blessing according to Your will and purpose.
May we learn to wait in faith and trust in You knowing that You are completely in control of our lives. Until that glorious day when we see You Face to face….
May the Lord bless you and keep you. May the Lord make His Face to shine upon you and be gracious unto you, And give you peace now and forever. In Jesus Name AMEN!
[kktwahoo] Thanks PQ and Sam and Amen! Good night everyone - God Bless you
[LEO] Thank You For Being A Loyal Member Of The G.E.T Team We Appreciate You All ~ Come To Us RV ~ Good Night
[georgiamom57] God Bless You All
