[myprayerrealized] sunny --I know it's frustrating ... but the Intel providers are not on our payroll. We decide whether we want to read what they provide. You ALWAYS have the option of taking the initiative of finding your own sources that you have 100% confidence in.
[kathy] mrsjim54 my only conflict with that is in some articles it says maliki is the problem and others that say hes not There is so much conflicting reports so which do you believe
Hollyberry] May I point out that there are two mind sets in the intel world. Shabs doesn't have a thing to do with Basil III coming together with banks world wide...which is what Studley was trying to tell us about yesterday.
[dopeygrl] hollyberry I think Iraq will be Basil III compliant along with Vietnam and other countries that we are not fimiliar with. Basil III is not only a US thing but a global banking compliance and either you comply or your curreny will not be recoginized throughout the world..
hollyberry] dopeygrl correct, but my point was that this is a global reset and has gone passed all the power struggle going in in Iraq right now
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starbuck] dopeygrl I believe they have been Basel III compliant since last June!
dopeygrl] starbuck They probably are, but all along there have been changes and all of the banking institutions around the world had to comply. Thus causing the delays..This has to be 100% complete.. 99% is not good enough..hollyberry Totally agree..
steveg] dopeygrl Something I do not understand. Basel III is a banking function, reserves, reporting, etc... Banks do not control a countries currency , the CB does. WHy is this even in the same discussion when it comes to a country currency value?
[dopeygrl] steveg The currency of the country will be pegged to the Natural resources of the land..
steveg] dopeygrl correct but what does that have to do with a private institution like a bank?
[burneyw] if there are no hold ups what is the hold up
[hollyberry] steveg BASEL III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity risk agreed upon by the members of the Basel Committee on Banking Supervision in 2010-11.
[hollyberry] steveg Basel III strengthens bank capital requirements and introduces new regulatory requirements on bank liquidity and bank leverage. For instance, the change in the calculation of loan risk in Basel II which some consider a causal factor in the credit bubble prior to the 2007-8 collapse: in Basel II one of the principal factors of financial risk management was out-sourced to companies that were not subject to supervision: credit rating agencies.
Ratings of creditworthiness and of bonds, financial bundles and various other financial instruments were conducted without supervision by official agencies, leading to AAA ratings on mortgage-backed securities, credit default swaps and other instruments that proved in practice to be extremely bad credit risks.
[steveg] hollyberry I understand but Treasury actions are not bependent on BofA requirements under Basel III nor is the dollars value based on BofA action or compliance
[hollyberry] steveg I would have to disagree
[paradisegirl] whitelions yes, a new gov't, especially in a form that they are not accustomed to - democracy - is messy and takes time. Look how long it took our Founding Fathers to establish our Constitution, it take time.
[hollyberry] This is a world wide global reset of banking compliance
[whitelions] mrsjim54 still it is ok there 5 tribes want to rule togather so they will win and they will do what they have to to get er done lol
[andisgram1] Are we still looking good for tonight or has that changed?
[hollyberry] andisgram1 I'm still hopin...back window mid week!
[dopeygrl] hollyberry and government complaince..
[Stitch] andisgram1 we are still looking very good!! lol
[steveg] hollyberry I will and understand the requirements of Basel III. I just can not make the connection between the actions and or requirements under Basel III of a banking institution with the value of a currency based on assets or even fiat money. They are two different functions.
[hollyberry] dopeygrl yes, good point, I forgot that
hollyberry] steveg fiat money is going bye bye
[steveg] That maybe so but again Treasury may not think BofA is compliant under Basel III but does the value of the dollar change because BofA is not?
[whitelions] paradisegirl yes and I'll tell you what the men that are over there makeing a better life for there people are amazing to
[paradisegirl] whitelions amen!
[top_gun] steveg contries cannot just print money when needed. it is similar to when we had the gold standard, but now the currency will be backed by the resources of the country. IMO
[dopeygrl] steveg The treasury will also have to be Basel III compliant...
[dopeygrl] steveg The treasuries will have to use the Assets to back the currencies. Exactly like the Banks. That is the connection. For instance, all of the gold the US treasury has, Whether in ground or out of ground, will have a value, belive it is 42.00/ ounce, from there they can back that amount of currency
[dopeygrl] steveg I have tried to explain to the best of my ability. Go back and look at the Gold Standard, but equate it to the natural resources (instead of gold). Unfortuanatley i may be explaining it wrong, but I understand and hopefully others do as well...
[wellcraft196] hollyberry what does that really mean to average joe citizen global reset of banking compliance?
[hollyberry] wellcraft196 to you and I it will mean we RV and we will see immediate changes and all the cover ups of corruption by the elite have been going on to stop this. We'll have a new dollar backed by gold and everything will change!!! Like Studley said yesterday: [studley] spelunker yes I am, but there will be turbulent times very soon, you have to be prepared!
[wellcraft196] hollyberry thanks that helps!!
wheezer2] hollyberry imho change, of any kind = turbulence
[hollyberry] wheezer2 Indeed, agreed