Highlights from The Big Call:
Mangelo: Bruce call: is starting, welcome, beautiful day to be alive, you are at the right place at the right time hoping we would have been there already
LadyB22: Bruce, we are in a very good place.
PinkRoses: Bruce call: this what i believe I know. there was a meeting of world banks in Lima Peru, 2 day meeting, heard Pope was there, cant prove it. if true little better shape,
PinkRoses: Bruce, believe this meeting produced good results. That the GCR could be revealed tonite, anytime, Sunday, Monday, Tuesday. All the banks ready, banks anxious to be done
Mangelo: Bruce call: between now and Tuesday
Mangelo: Bruce call: Iraq is using the Chinese system, western Union is up and running
CatwomanPinkRoses: Bruce: Swift system, European transfer system is in play for Iraq. heard there is a western Union running in Iraq. iT means Iraq ready to be international. Key cards effectively being used in Iraq… Key cards actively being used
Mangelo: Bruce call: Key cards are $3.43.$4
PinkRoses: Bruce: Key cards being used internationally, in sense then Iraq is international in a limited sense
PinkRoses: Bruce: Heard products coming from Kuwait to Iraq
Mangelo: Bruce call: products of convoys coming from Kuwait
PinkRoses: Bruce: Are they in position to take place, as a world economic power? Yes
Mangelo: Bruce call; They are going to be the richest country in the world
LadyB22: Bruce call, Iraq could be the richest nation in the world. Gems under the streets. the riches are there in the land.
Pinkroses: Bruce call: we have some sort of back wall dates, heard about them, but dont like using the term back wall. there has been resistance to this, not only by our govt and other forces. but less and less.
PinkRoses: Bruce call: we want to grow and protect our money, put ourselves in positoin to be good givers
PinkRoses: Bruce call: alot of sites will shut down after this, he planning on going on after this is done
PinkRoses: Bruce call: caller: question What is going to happen if we go in and we decide to go for a contract rate and sign a NDA, does that exclude us from going to another bank?
Pinkroses: Bruce call: Bruce: If you want to diversfy, start with 2 or 3 banks, if you have significant amount to exchange, and you ask for contract rate. I dont think you be excluding using more than one bank in that case. Some of us accumulately have enough for one or two banks. personal rate when it comes to contract rate.
PinkRoses: Bruce call: Be prepared to let bank know that you planning leaving this money, percentage of it, with your bank for 3 or 5 years or more. 5 years magic number with some banks. say by the way so you know, i heavily involved in giving back to humanitarian projects, and you say working with the veterens, and have something you working on
PinkRoses: Bruce call: not matter what you working on Example, business planning to employ people. this what the banks want to hear. think how you want to pitch this to the bankers, to get higher rate.
Mangelo: Bruce call: they will be listening to you on what you might be doing with your blessings
PinkRoses: Bruce call: Caller: was listening to Tony on Monday, currency exchanges in the dong Bruce: Yes, I heard exchanges Sat, Sun, Tues. dont know about yesterday. The rates the bankers are seeing are on their screens. Rates they are able to do with some of these privilege
PinkRoses: Bruce call: They have the rates, dong the exchanges, dont worry about it. Some mainly in rupiah. Majority I know are not taking teaser rates including the dong.
Mangelo: Bruce call: the rates the bankers can see on their screens, the people he knows are not getting teaser rates
Pinkroses: Bruce call: caller: heard Zim 23 cents, confused. Bruce: I heard as recently as yesterday. between 21 and 28 days at the start of the RV, when it officially starts have 21 and 38 days to exchange the ZIM
Mangelo: Bruce caller: caller hearings that the zim wont go..is it because we won't buy more. but Bruce knows better
PinkRoses: Bruce call: caller: with the chaos going on over there, how this going to take place?
PinkRoses: Bruce: they are getting on with their life, this is the region of world be in for long time, pray ISIS removed, Iraq can get along with neighbors, I think this will happen
Mangelo: Bruce call: crazy things are happening but Iraq gets along, this will happen,
PinkRoses: Bruce: I do believe the RV will come soon, not actually date we can pick. they are trying to push it through, they have made attempts. Hopefully some of the reports we are hearing are true and in home stretch
PinkRoses: Bruce: Caller: You heard anything about the ZIM, how they going to total them up? Bruce: I think you only have say 100 trillion notes, your transaction simple. But say you have some billion notes. if 3 zeros off the billions equals same thing as 6 zeros off the trillions.
PinkRoses: Bruce: Say you have 500,000 notes, idk. We dont know how they going to treat the million and hundred thousand notes, just the trillion and billion notes
PinkRoses: Bruce call: Caller: Zimbabwe meeting for forgiveness or credit help. this going to help raise the rate of the ZIM? Bruce call: Bruce: it wasnt a whole lot of debt with that size of country. I think it doesnt hurt to strengthen their currency, but cant tell you if it will directly effect the rate that much, only my opinion.
Mangelo: Bruce call: have your heard about the red alert, and another red alert today, he feels it is very close, yes it could be
PinkRoses: Bruce call: we have had people use that expression like Frank26, he feels things are very very close. It may mean something for us as far as we being close to this blessing
PinkRoses: Bruce: caller: Martha from TNT on
Mangelo: Martha said there is a strong possibility that's it's this weekend
PinkRoses: Bruce call: Caller: could you say what the tax we dont have to pay?
PinkRoses: Bruce: Not a cpa, not a tax attorney. We have understood from people that have done exchanges, from what we can tell. that if there is taxes to be paid maybe result of contract rates, not necessary of international bank rates. not sure about the groups. I would say right now as we speak, jury is out. for the most part, only my opinion do not think we going to be in a taxable situation, possible with the state, but not sure with the federal
PinkRoses: Bruce: there has been opinion about taxes, we just wont know until time of exchange. But I believe we are going to be in the clear.
Mangelo: Bruce call: the spread is built into the rate
PinkRoses: Bruce: we understand at this time, there may not be an actually fee to exchange. But we looking at the spread is built in the rate. there maybe slight diffeences between banks, dont think that 2% is really a factor, not think going to be leverage on you.
PinkRoses: Bruce: As far as we can tell from info from banks sources. We are looking at a gun start notice.
Mangelo: Bruce call: federal employees have gone already
PinkRoses: Bruce call: talking about govt employees. Bruce: we heard number of govt emplyees have already exchanged. we never heard something special of govt employees going ahead of others except those already who have exchanged
PinkRoses: Bruce: heard Rial going later, based on when all the sanctions go off. then heard Rial going 24 to 48 hours when rv happens. been told Rial will reinstate their own rate before they revaluate. We dont know.
PinkRoses: Bruce caller: think this be over end of October? Bruce: Yes
Mangelo: Bruce caller: last call......how much longer can the PTB keep it from us
PinkRoses: Bruce: well you ma ybe right in sense some powers out there that seem to have been impedements to the process. We dont know answer. There is resistance still. We dont know what force will win yet
PinkRoses: Bruce call: The chinese system can go around, can just might move things around to let this go, this was effective today.
Mangelo: Bruce call; is saying the Chinese system can go around, and make things happen
PinkRoses: Bruce: Ken, clear the Q and A, beautiful time to for those not already asleep can think of going to sleep, Ken praying them out. Thank all coming on to calls, and listeners. WE are in a really good place for all th is to go down and be accomplished. Ken praying call out
Tight Wad: we do have a 3 day weekend coming up - ya know
Catwoman1: I have to believe that now that the CIPS is online that it's a game changer!
China International Payment System CIPS http://sputniknews.com/business/20151008/1028228289.html#ixzz3o0GKkHSU
Catwoman1: It's an alternative to the SWIFT system that is run by the Federal Reserve! and it's believed they have been the holdup!
SassyD : 3 trillion corporate credit crunch looms as debtors face day of reckoning, says IMF... A poisonous "triad" of global risks is pushing the world to the brink of a new financial crisis, says stark IMF report -- 07 Oct 2015 -- http://www.telegraph.co.uk/finance/economics/11916485/3-trillion-corporate-credit-crunch-looms-as-debtors-face-day-of-reckoning.html
Sabickford: I didn't sleep well last night so I made my coffee this morning with Red Bull instead of water. I was halfway to work before I realized I forgot my car.
Sabickford: I was worried that my mechanic would rip me off, so I was relieved when I needed was blinker fluid
Sabickford: TOP BUNK: where you should never put a child wearing Superman pajamas.
Sabickford: WARNING: Consumption of alcohol is a major factor in dancing like an idiot.
Sabickford: WARNING: Consumption of alcohol may cause an influx in the time-space continuum, whereby small (and sometime large) gaps of time may seem to literally disappear.
Sabickford: WARNING: Consumption of alcohol may create the illusion that you are tougher, handsomer and smarter than some really, really big guy named Bubba.
Sabickford: WARNING: Consumption of alcohol may lead you to believe ex-lovers are really dying for you to telephone them at 4 in the morning.
Sabickford: Seen in a resturant window - We Serve Vegetarians, Cows were Vegetarians
Sabickford: What did the blonde say when she saw the sign in front of the YMCA? Look! They spelled MACY'S wrong!
Q: [Looks like all is coming together at one time...?]
firefly Certainly appears that way. A lot going on in the background that JUST NOW making the headlines. M [Maliki] is irrelevant, I don't care what anybody says! Has been!
It's all about timing! ...takes approx 6 billion dollars a month to run Iraq...give or take. The loans they just got were pocket change.
Only ONE place to go...That or sink.
Thunderhawk: Backdoc Alert
Bloomberg Poll: Americans Want Supreme Court to Turn Off Political Spending Spigot
Americans are divided on the justices' decisions on gay marriage, health care, and abortion. But not on campaign finance.
Americans may be sharply divided on other issues, but they are united in their view of the 2010 Supreme Court ruling that unleashed a torrent of political spending: They hate it.
In a new Bloomberg Politics national poll, 78 percent of those responding said the Citizens United ruling should be overturned, compared with 17 percent who called it a good decision.
“Wow. Wow. I'm stunned,” said David Strauss, a constitutional law professor who teaches at the University of Chicago. “What it suggests is that Citizens United has become a symbol for what people perceive to be a much larger problem, which is the undue influence of wealth in politics.”
Read the questions and methodology here.
The 5-4 ruling said that corporations have a First Amendment right to spend unlimited sums in support of political causes. That decision, coupled with a lower court's rejection of a ceiling on contributions to political groups, opened the way for the super-PACs that are expected to pump hundreds of millions of dollars into the 2016 presidential race.
Unhappiness with the 2010 decision cuts across demographic and partisan and ideological lines. Although the ruling was fashioned by the court’s conservative majority, Republicans oppose Citizens United 80 percent to 18 percent, according to the poll. Democrats oppose 83 percent to 13 percent, and independents, 71 percent to 22 percent. Among self-described liberals, conservatives, and moderates, 80 percent say the decision should be overturned.
“I would have assumed that by now there would have been a more partisan context to it,” said Trevor Potter, a Citizens United critic and former Federal Election Commission chairman who serves as president of the Campaign Legal Center in Washington. “This one is not seen in partisan context, just with overwhelming disapproval. The reason, I think, is that most people don’t think that corporations and unions have First Amendment rights to engage in campaign activity.”
Democratic candidates are aiming to harness the hostility toward Citizens United in the 2016 presidential campaign. Hillary Clinton, Bernie Sanders, and Martin O'Malley all say they will insist that their Supreme Court nominees oppose Citizens United. Harvard professor Lawrence Lessig is running a quixotic campaign based solely on his vow to reduce the influence of money in politics.
The broad opposition to Citizens United stands in contrast to the polarized views of the Supreme Court's recent decision backing Obamacare tax subsidies. Democrats supported that ruling 79 percent to 15 percent in the poll, while Republicans opposed it 77-18. Overall, 49 percent said it was a good decision, and 44 percent called for it to be overturned.
Another recent Supreme Court decision—the June ruling legalizing gay marriage nationwide—fared better in the poll, with 54 percent supporting and 42 percent opposing. And by a margin of 67 percent to 29 percent, those surveyed said the court was right to rule that women have a constitutional right to abortion.
Forty-six percent said they had a favorable opinion of the Supreme Court, with 42 percent saying they had an unfavorable view. By a margin of 57 percent to 36 percent, those surveyed said state officials should be bound by Supreme Court decisions that affect the way they do their jobs. That question suggested only limited sympathies for officials like Kim Davis, the Kentucky county clerk who briefly went to jail for blocking the issuance of same-sex marriage licenses, and who has been lionized by some Republican presidential candidates.
On Citizens United, the poll asked about the Supreme Court ruling that said “corporations and unions may spend unlimited amounts on political causes.” The question didn’t mention Citizens United by name or describe the free speech interest invoked by the majority. The wording may have exacerbated the skepticism toward the ruling, says Lawrence Baum, a specialist in judicial politics who teaches at Ohio State University in Columbus.
“It would be interesting to see what the breakdown of opinion would be if a question described the court as ruling that individuals and organizations have a First Amendment right to spend money on campaigns as they see fit,” Baum said. “There might be considerably more support for the decision.”
Still, the poll indicates deep suspicion of a campaign finance system seen as giving outsize influence to the wealthy. Asked whether the system should be reformed so that a rich person doesn’t have more influence than a person without money, 87 percent said yes and only 12 percent said no.
“People are very unhappy with what they're seeing with money and politics,” Potter said.
The poll of 1,001 U.S. adults was conducted Sept. 18-21 by the Iowa-based Selzer & Co. and has a margin of error of plus/minus 3.1 percentage points.