willietrader] we must be close everyone holding there breath lol
[Mitzi] willietrader yes Sir, we truly are
Rally2invest] willietrader on netdania... I think I have always been able to do VND/USD and also USD/VND.. This morning I cant bringing up the value VND/USD does that mean anythng?
[RindsGuy] Rally2invest It's always been like that for me. I never could bring it up either
[Rally2invest] RindsGuy oh..thanks.. trying to understand the pairing.. USD/VND means you can take USD and Purchase VND. Correct
[RindsGuy] Rally2invest I'm not really sure. Forex is not something I've spent much time studying. I think winalot or willietrader may be able to answer that question for you.
[Imperium] USD/VND is how many dollars per Dong. VND/USD is how many Dong per Dollars
[Rally2invest] Imperium If I call a bank and tell them that I want to sell my VND, would they buy it? (Im not selling) hypothetically
[winalot] Rally2invest yes... but it would be less than you paid for it right now
[Rally2invest] winalot k thanks..I was wondering because on netdania I cant pull up VND/USD and was wondering if that meant anything
[winalot] I can show you guys what Blaino was talking about on forex and the dong...
Read More Link on Right
[winalot] i if you open netdania, and add usd/vnd
[winalot] then right click onthe vnd line... a box will pop up. click on full quote
[winalot] after you have the quote box up...
[winalot] about half way down on the left hand side...
[winalot] you will see overnight bid
[winalot] which has gone WAY up
[winalot] that is what he is seeing
[hopeful2&2] winalot i didn't pull it up, what is it showing
[winalot] overnight ask.. 3.20, overnight bid... 2.60
[sisterbreen] winalot hmmm
[winalot] this NOT what we will see when it opens!
[hopeful2&2] winalot wow, on the vnd ?
[winalot] this has to be some kind of interbank trades
[winalot] I cannot trade vnd on the overnight market- or i would! quicker than you can say rich
[winalot] remember how to do this u guys... and when someone says that you can only see it on paid forex... check on the full quote screen.
[Rally2invest] winalot that has gone up since we looked last night
[winalot] there is NO difference in paid or free, except diagnostic tools
[winalot] Rally2invest yup
[winalot] a lot
[hopeful2&2] winalot so isn't the 3.20 = .31 cents ??or am i wrong
[winalot] 1 usd = 3.20 dong....31
[gramps77] .313 to .384 cents would be the 260-320 trading range after you divide by 1.
[jtolsn] so what does this mean to us winalot
[winalot] jtolsn not a danged thing!
[MsDiva] hopeful2&2 so when can cash in the Dong
[winalot] by the way... when figuring a rate... use the bid pricing.. that is what it is being purchased for... and expect your rate to be lower because of spread
[winalot] MsDiva blaino is mistaken on his vnd info.. what he is looking at is the overnight trades
[Rally2invest] winalot wait! it actually went down. from .47 to .31 ?
[jtolsn] and overnight is interbank?
[winalot] Rally2invest yup
[MsDiva] :| oh shoot
[MsDiva] i can deal with 31 cents
[jtolsn] MsDiva me too
[winalot] Rally2invest it will change again too, if we don't see it soon.. and it will keep changing- up and down
[winalot] i'm all in at a nickle!
[Rally2invest] winalot if its an international traded currency and forex shows the rate, why cant we sell...or is that just the overnight rate and day rate is still the same
[winalot] Rally2invest just the overnight
[jtolsn] winalot so this overnight trade- who does this?
[winalot] interbank trades is my guess- and that is a guess
winalot] soooo.... the blaino thing isn nothing to get all excited about.....
[MsDiva] Rally2invest winalot and i was cited too
[jtolsn] so heres a ?- why can we not trade vnd for aud, and then aud for usd?
[winalot] MsDiva everyone was
[winalot] jtolsn you cannot trade aud/vnd for a profit yet either
[MsDiva] winalot well it was fun while it lasted good rush
[jtolsn] vnd/aud = .0457, aud/usd 1.049 what does this work out to?
[Rally2invest] MsDiva im still excited
[winalot] tick tock tick tock... lol
User BWM has entered this room.
winalot] BWM actually... it is showing on forex... what Blaino was referring to is overnight trading
[hopeful2&2] so we can expect it to hit the banks today
[BWM] winalot was it traded?... NO, don't think so
[winalot] but.. it is not a rate that we can trade
[Rally2invest] BWM what is the chances that Forex is part of the banking system that is being changed?
[winalot] actually, it was
[BWM] Rally2invest forex is complicated in that unlike the stock market the offices internationally are not on one complete system... but they update together almost instantaneously...
[winalot] BWM why don't you explain to the room how to find overnight trading on netdania... and what it means
[BWM] winalot sure it was... so what americans have traded it today... if it's on forex AND tradable then you could trade it with one of your many paid accounts...
[BWM] winalot netdania is not an official forex site
[winalot] 10:59 AM [winalot] but.. it is not a rate that we can trade
[winalot] BWM sorry... it is exactly like apaid site...
[winalot] same data... same numbers... only difference is the diagnostic tools
[BWM] the point is simple... retail forex doesn't mean diddly to you and I. Remember, banks do currency exchanges as a COURTESY... they are not required to tender you an exchange... so unless it appears on the BANKING forex then they wouldn't even discuss it with you
[BWM] winalot and you get to "vote" whether it's bullish or bearish... that's how you set the market... LOL
[winalot] BWM again... it must be on the banking forex... you yourself said that rates were showing at the banks... was that 5/3 by chance???
[jtolsn] so if its on retail its on banking side too?
[Rally2invest] BWM Just thinking of the bigger picture and some of the things ew have seen and heard about, new banking system, global reset, along with the many resignations in banking. I occured to me that Forex may have been the mechanisim for some of the corruption.
[winalot] jtolsn not the overnight trades...
[BWM] winalot actually 5/3rd (yes I have a contact there) has been very aggressive in trying to work into the picture... but the banks are getting information from the UST (which is on the naughty list this Christmas again) and are told like Santa, It's coming, it's coming....
[winalot] jtolsn overnight trades are not accessable to us
[winalot] BWM then why did you say that rates were on screen? are they?
[BWM] Rally2invest the banking gets its "go ahead" info from the UST...
[winalot] if so... they are on forex
[jtolsn] why would there be such a difference on the o'nite trades?
[BWM] winalot doesn't work like that dear... they receive information from the UST...
[jtolsn] BWM - so are they showing rates with a hold?
[BWM] my point still is... until the banks are released to ALLOW you to cash in... we can see the rates posted on billboards on the interstate and it doesn't matter
[jtolsn] BWM right... they could have the numbers for years and not be able to do didly
[BWM] jtolsn there have been rates showing... which would make us believe that the numbers are in the system.. BUT, the problem is we don't know if those are placeholders or not (by the bank's own admissions)
jtolsn] garbage in = no dinero out..... yet
[Imperium] and 'place holders' are just that.. they tag the file but aren't necessarily the file.
[RindsGuy] BWM If I understand this all correctly, the banks have THEIR rate for exchanges (ie interbank exchanges) but then there's another rate for retail which would be the rate we would get which would probably be slightly lower?
[BWM] RindsGuy the thought is this...(and this is also speculation) but you will go into the bank and they will have a rate on the screen but when they enter a "code" then they will have access to another level of information. We only know what the "expectations" are... reality will be something we need to be ready to adjust as necessary... hopefully we will be pleasantly surprised and things will go as we think they will
[Cat-in-the-hat] BWM ... How about the info that Dewey mention ... The rates of the VND were some kind of forex site ... Could ya explain that ... Thanks
[BWM] Cat-in-the-hat VND has been a tradable currency. After a currency is devalued over a period of time with (like on the stock market where a company can be removed) the devalued rate, it is no longer considered a viable currency.
[Rally2invest] BWM AAAhh.. now that makes sense, and why people would never know the code until its time.. NOW why couldnt someone have said that months ago?? lol it a security feature
[BWM] jtolsn come on with your question
[BWM] Rally2invest that's the thought... just hope that is the case... but at this point, just tell us it's available to at least try
[Texas Mama] BWM So BWM, is the threat of war in the ME going to slow things down??
[Texas Mama] Like especially those US 3,000 soldiers they supposely sent to the ME??
[Texas Mama] BWM okay this is me theory...I think the soldiers are being sent there because of the RV...what say YOOS??
[BWM] Texas Mama glad they finally admitted that... pffft... there's more than that
[Texas Mama] BWM Yeah, but I thinks (and that is rare) that just like yoo say...all those ME peoples with guns and MONEY are gonna become wilder!
[BWM] Texas Mama Heck we got guns... but we a little short on the money side... but wild is in our nature! lol
[Texas Mama] BWM yep especially in TEXAS... oh no sorry, wee's wilder if yoo try and take our guns away!!
[BWM] well I just stopped by to thank everyone for the comments on last night's chat... I must say I appreciated the questions... brought out some very good thoughts...
[Capt Ron] good stuff ty BWM.
[BWM] it gives me hope that we will be able to come thru this and do the right thing for ourselves and families...
[jtolsn] ok i was asking winalot but i dont understand the #s on forex. if i see .0457 on the vnd to aud what does this mean
[BWM] jtolsn doesn't mean a thing... at this point, but when the time comes you will need the multiplier or divider to the USD to know your calculation
[BWM] jtolsn well the problem is that we think so much about just the IQD and VND revaluing we lose track that a number of other currencies will go up or down also
[BWM] the "value of things in the system are about to completely change
[Capt Ron] BWM, but the fact that we are seeing 'different' numbers for the vnd these past days must mean SOMETHING. Would those numbers be a reflection of currency traders at banks exercising their systems for some reason (that reason being what we're all here for)? I mean, why else would these 'debatable' numbers be showing?
[Texas Mama] Capt Ron good question.... also the Vietnam site was changing yesterday morning a lot...
[Capt Ron] Web page was redesigned, prettied up?
[Texas Mama] Capt Ron yep...has a ticker now too!
[BWM] Capt Ron the fact that the numbers are more "accessible" are VERY encouraging... and yes it seems that "excercising" is a good word to use... but there are also other numbers showing up that lead to other questions... and right now we don't have any answers, just know they don't mean what we NEED them to at the moment
BWM] winalot and I go toe up about the forex and my point isn't that the numbers are COMPLETELY useless... it's just that I don't think (per forex contact) that they will give us the indicators we need as quickly as we hope... they are like any other indicator, a sign, just not THE sign and I don't get excited when the numbers pop up or change there... I want it at the bank where it matters most to me...
[jtolsn] The inter-bank rate BQ On 10/12/2012 1 USD = 20828.00 USD
[BWM] jtolsn netdania not being an "official" forex site has some quirks that allow the numbers to be manipulated in appearance IMO...
[jtolsn] good point BWM
[mimi3] BWM Where do you think we are at this point IYO?
[BWM] mimi3 that's about as hard of a question as "what is the meaning of life"... lol I "feel" that things have been "set up" to happen... but WHY it hasn't at this point is the million dollar question... and you can ask an honest contact and they will tell you, "they can't give you a good answer"
[jamajacks] BWM Just patiently wait with fingers crossed, but I do keep my Bubba teeth and coveralls layed out to wear while I am in line behind the Hotdog Man! Hey Toni! lol
[mimi3] BWM Thank you!
[BWM] jamajacks that's all we can do... no amount of "I hear it's going tuesday" will get us there... we just need to continue to update our preparations and be ready when the call comes...
[jamajacks] BWM As always, I appreciate you very much! TY
[mimi3] I hope I am wrong but am thinking for 2013 for higher taxes! Can potus be holding it up?
[BWM] .BJ jamajacks appreciate the comments...
[BWM] mimi3 that has been an honest discussion... and while we hear conflicting things we won't know until it happens or 2013 arrives...
[mimi3] BWM ok Thank you again!!
[BWM] jtolsn the big question is how will the groups work... IF they are valid and we can get in with codes thru them I would think they would be your best number... the other question is will groups get different rates and if so and you're a member in say two groups can you ask about both rates... some say the rates won't be different, then I hear otherwise... we just need to be prepared
[jtolsn] then there is the timeframe involved... how long do we get to decide. Do you have thoughts on the "the float " theory
[BWM] jtolsn once this happens a lot of things will be opened up... information that cannot be accessed now will become available.. our goal is that no one is left out in the cold and has the information they need to make the best decision for them