RAB: In AdminBill's post, he said he was comfortable that his sources know what they are talking about. Anybody know what they are talking about?
OnceWasLost: (From AdminBill) RAB - I WILL MAKE THIS SHORT AND SWEET. ALL INDICATORS POINT FOR THIS TO BE DONE BEFORE JULY 8TH WITH A KEEN EYE ON THE 3RD.
I HAVE BEEN PRIVY TO CALLS AND INFORMATION THAT HAS BEEN ENLIGHTENING AND FRUSTRATING YET VERY POSITIVE IN THE SHORT RUN.
MANY VERY, VERY SENIOR LEADERS OF FINANCE AND POLITICS BELIEVE THE CURTAIN IS READY TO COME DOWN AND THE FAT LADY IS ABOUT TO SING.
Fireball92: IMO what all yall 'high dollar' speculators seem to forget... the GCR is about balanceand parrity of value. Assigning a value that is atronomical is CWAZY. The folks who think in $1.00+ terms on the ZIM. IMO, even $.05+ are losing perspective....
Reflip: They can put any rate out there they want to but until they release it to the public it all means diddly squat!
ASO: It has just dawned on me that we have spent a great deal of time watching what Iraq does with their currency. We await the RV through the events happening in Iraq. BUT, we may have missed a much bigger picture. Just look what the IMF has been doing with several countries as of late. YES, they have been giving out loans with due dates coming up soon just like Iraq. They are going to want their money back from all of these countries. It is one of those things in life that makes you go Hummm...
What is really interesting is this question. Where are they getting all of this money? The IMF has been giving us clues all along. They have focused our attention on Iraq, Iran, and others while knowing the money they give out will soon be returned. ;)
Red: As you’re probably aware, global markets are still reeling from the UK’s decision to leave the European Union. In just the last week, the S&P has dropped by more than 5%—and rebounded by nearly 4%. A roller coaster like that is enough to make anyone sick. But I’m not stressed about it… I imagine Buffett isn’t stressed about it… And you shouldn’t be stressed about it, either. Here are some words of wisdom from Buffett that help me—and could help you—keep a cool head.
When the market tanks like it did last Thursday, it might be tempting to sell your positions and hide your head in the sand. Conversely, when the market is trading up (like it has been the past few days), you might feel compelled to load up on stocks again. But often, the best trading decision is no decision at all. There’s no reason to change your strategy just because the market gets choppy.
ThruTraffic: UPDATED: Lop 6 on Zim 100T, but not on 100M? Hmmm...
For UPDATE, scroll down.
It’s being said that the 100 trillion Zim notes (and some others) will have 6 zeroes lopped off prior to exchange.
It’s also being said that lower denoms like the 100 million will NOT have the lop.
This means that a 100 trillion note converts, after the lop, to 100 million for the exchange.
Assuming the 100 million note is not lopped, it would still be 100 million for the exchange, the same as the 100 trillion.
If this is true, then the Zim 100 million notes on eBay are the HOT TIP! For the same 50 bucks you can buy just oneof the 100 trillion notes (100 million after lop), or a TEN-PACK of the 100 million notes (no lop, 100 million EACH)! Sc-o-o-o-o-o-o-o-o-o-re!
OR, you could say, "Hmmmm, lop 100T but not 100M....who does that make sense to?"
The lop-all-equally math works out like this (assuming 30 cents at the exchange) --
100 trillion lop 6 = 100 million x 30 cents = 30 million dollars in your account. At 50 bucks each on eBay, that's a 600,000 to 1 return.
100 billion lop 6 = 100 thousand x 30 cents = 30 thousand dollars in your account. At 20 bucks each on eBay, a 1,500 to 1 return.
100 million lop 6 = 100 x 30 cents = $30 dollars in your account, NOT 30 million! At 5 bucks each on eBay, a 6 to 1 return, NOT 600,000 to 1!
Now, that makes sense. That said, nothing in this whole RV seems to make any sense, so, who knows...
More to consider regarding equal vs. unequal lop of Zim at exchange --
100,000,000,000,000 (100 trillion) lop 6 = 100,000,000 (100 million). If 30 cents exchange = $30 million.
100,000,000,000 (100 billion) lop 3 = 100,000,000 (100 million). If 30 cents exchange = $30 million.
100,000,000 (100 million) lop 0 = 100,000,000 (100 million). If 30 cents exchange = $30 million.
They’re all the SAME!!! ….Seriously?
100 trillion is 3 zeroes more than 100 billion, 1,000 times larger!
100 trillion is 6 zeroes more that 100 million…1 million times larger!
The Zim is a long shot we’re all hoping for. The idea that every denom will be equalized via an unequal lop makes absolutely no sense whatsoever, a long shot that’s off the edge of the map. So, if you’re relying on your stash of 100M or 100B paying off the same as the 100T……turn your hat around, adjust your thinking, and plan accordingly to increase the odds that the long shot lands in your bank account.
Daz: GOOD JOB THRUTRAFFIC...AS USUAL
RE: ZIM...THE LONGEST OF LONGSHOTS.
ALL THINGS CONSIDERED THE LEAST LIKELY OF ALL CURRENCIES DISCUSSED TO BE EXCHANGED IF WE CONSIDER ITS THE ONLY ONE OF THEM THAT ARE OFFICIALLY NULL, ABANDONED, RECALLED, RETIRED, CANCELLED, WITHDRAWN FROM CIRCULATION AND PUBLICLY ANNOUNCED TO BE FINALLY REDEEMED BY A PUBLISHED CLOSING DATE ....THAT HAS COME AND GONE AS OF JUNE OF 2015.
ZIM HISTORY 101
NOW...WITH THAT SAID...I OWN A LITTLE. BUT, I DONT COUNT ON IT IN THE BIG PICTURE PLAN....THE OTHER CURRENCIES ARE THE BISCUITS...THE ZIM IS THE GRAVY
STRANGER THINGS HAVE HAPPENED...I SAW PIGS FLY ONCE UPON A TIME.
RE: ZIM ZEROS.
WISHFUL THINKIN' DONT CHANGE BASIC FUNDAMENTAL ACCOUNTING PRACTICES OF THE INTERNATIONAL SYSTEM OF UNITS.
a system of physical units ( SI Units ) based on the meter, kilogram, second, ampere, kelvin, candela, and mole, together with a set of prefixes to indicate multiplication or division by a power of ten.
CURRENCY IS A UNIT OF ACCOUNTS https://en.wikipedia.org/wiki/Unit_of_account
THRUTRAFFIC SUMS IT UP VERY WELL
CONSISTENCY ACROSS THE BOARD WITH A UNIFORM, UNIVERSAL BASE 10 REDUCTION IS THE ONLY REASONABLE APPROACH TO MANAGE THE REDEMPTION OF "OUT-COUNTRY" NOTES AND DENOMINATIONS IN EXISTENCE..IF THEY ARE PUBLICLY REDEEMED AT ALL.
IM SURE THAT FLOATS OVER LIKE A LEAD BALLOON IN THE MIND OF MOST BUT YOU HAVE TO PLUG THIS IN TO YOUR THINKING AND CONSIDER POTENTIALS ABOVE AND BELOW THE "DREAM CURVE".
DIVERSIFY FOR SUCCESS.
Daz :imo if the zim goes public and multiple denoms are accepted and zeros are removed....the same number of zeros will be removed from all note denominations accepted. its a base 10 system and its only logical
daz wrote moments ago Decimal currency Decimal currencies have sub-units based on a factor of 10. There are most commonly 100 sub-units to the base currency unit, but currencies based on 1000 sub-units also exist, especially in Arab countries.
daz : 24s ago en.wikipedia.org/wiki/Decimalisation
HANG IN THERE
Samson: The AIIB Has Been Designed to Benefit All
Jin Liqun (C), the first president of the Asian Infrastructure Investment Bank (AIIB), speaks to journalists during a press conference in Beijing on January 17, 201614:11 30.06.2016
As the founding members of the Asian Infrastructure Investment Bank gather for their first annual meeting of the Board of Governors, the United Arab Emirates is proud to count itself among them, because we believe in the bank's core mission to develop Asia's economy and enhance the trade connectivity between Asia and the rest of the world.
The AIIB was established in 2015 with the primary aim of channeling strategic investments into Asian economies' energy, transportation and logistical infrastructure to strengthen their economies and enhance their capacity to trade with one another. The bank will also focus on improving basic services, including water and sanitation, with the aim of advancing economic progress, particularly in rural areas, for the greatest number of people in the shortest possible time.
The UAE is one of 57 initial members that applaud China's foresight in establishing this important addition to the multilateral community－the first such lending institution in which developing nations will have majority voting rights, so that they can directly influence its policies, culture and objectives.
The AIIB will work alongside other multilateral banks to achieve key development goals. Despite significant progress in recent years, nearly 1.5 billion people in Asia still lack adequate sanitation, some 260 million have no access to clean water and half a billion lack electricity.
With initial capital of $100 billion, the bank is about to deploy its first major round of funding amounting to $1.2 billion that will be co-invested with the World Bank in energy, transportation and water projects. The AIIB has already launched projects to improve sanitation in Indonesia, upgrade Bangladesh's electricity grid, and build highways in Pakistan and Tajikistan.
Projects such as these will bring President Xi Jinping's Belt and Road Initiative to life by building the enabling infrastructure along the ancient Silk Road.
By pooling resources and strategically targeting investment to achieve practical outcomes, the bank will make a great contribution to the development of Asian economies over time. The UAE is committed to playing its part in this effort. Our support to the AIIB is a critical component of our constructive relations with China, whose origins predate the birth of our nation.
Recorded links between our two peoples go back to the 2nd century BC and today a vibrant Chinese community－numbering some 200,000－has established roots and flourishing businesses in the UAE, representing our country's second-largest minority.
The UAE-China relationship marked a high point last December when UAE Crown Prince Sheikh Mohamed bin Zayed Al Nayhan visited Beijing to sign a $10-billion UAE-China Joint Investment Fund. This too is aimed at improving the enabling infrastructure that connects our nations through direct equity investments, promoting the prosperity of both our peoples and spreading that prosperity to the countries that lie between us.
The steep climb in trade between China and the UAE, which has grown from $64 million in 1984 to nearly $60 billion today, illustrates the rise of economies in the Global South. The creation of the AIIB marks an important milestone in the growth of the Asia's emerging markets, whereby the countries of this region are directing their own future development.
The UAE has always believed that building the capacity of nations and building bridges between them is the best way to establish peace and prosperity globally. This was a guiding principle of our founder Sheikh Zayed, and it is illustrated today in the fact that the Organisation for Economic Co-operation and Development ranks the UAE as the world's second-largest donor of overseas development aid relative to its national income.
With the establishment of the AIIB, the world now has a powerful additional tool to advance this agenda for the common good. The UAE looks forward to making progress together with the founding members in line with our national principles of promoting peace, stability, prosperity, tolerance and unity throughout the region and the world.
Emailed to Recaps:
- Republic UST released final temporary administrative hold post Brexit incident.
- Tranche wires have been received at 10am, 1pm, 5pm.
- Those 3 different performance times / actions were both scheduled and executed on time today.
- Highest Sovereign Rates are still available ($10 screen rate face value is just a place holder representing parity).
- Humanitarian project funders and job creators can ask and receive higher sovereign rates higher than on front screens.
- Top sovereign rate recipients expected to achieve 6,000 jobs per quarter for 5 years (120,000 jobs in total).
- Lower International rates will be on front screens starting July7, 2016.
Indian Reservations are playing a major role in delivering both safe haven banking options and toll free redemption numbers.
- Wells Fargo & Republic leaders are now in complete performance release time decision making.
- Barak Obama is no longer the internationally recognized sitting President of the United States.
- Joe Biden is no longer the internationally recognized sitting Vice President of the United States.
- Thursday July 7, 2016 will be the first day of public redemptions (remember old Christine LeGarde IMF speech?).
- 800# release and private redemptions can begin any time / any day before sundown July 2.
- No one knows the final go time.