averysgrampa: BWM Excuse me sir, I was just wandering, at this juncture what are your thoughts on the imapct that the Quantitive Easing will have on this outcome, and perhaps will it expedite this investment at all?
BWM: averysgrampa there are a couple of thoughts on that (since you took the trouble to google what QE meant)
[BWM] first, the banks needed hard currency in order to fulfill the cashin procedures.... let's face it, everyone who cashes in has been programmed to asked for "some" money... so unless they limit us to like 50 bucks each they won't have enough hard currency to operate daily business AND allow us to gather cash... so it would make sense that this QE was about actually printing hard currency as part of the process...
[BWM] secondly, while I don't think this will "hide" the process it will be an explanation for the amount of hard currency available now to dinarians and others. If the fed now says there's 40 billion more dollars available a month it will make the idea of ppl at the bank a whole lot easier to explain
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[averysgrampa] BWM Seriously i was wondering if when we actually RV or RI how the banks were going to give everyone say $1,000 a piece or $5,000 or what ever and still do buisness as usual
[dove] BWM since timing is always a question and it comes from allways (for gramps sake) could the release of QE3 be indicative of timing?
[BWM] averysgrampa don't be surprised if there still aren't "limits" modified for this process... something like a lower amount OR a period of time before you can extract over a certain amount of cash from your account... just something to prevent a run on the bank... if customer A doesn't know about the dinar and they see 7 other customers remove large amounts of cash they will panic...
[dove] for release of the currency changes
[BWM] dove I don't think it was part of the original plan... but it has become a convenient solution to several issues... the money will "technically" be backed just not the way it's written up or intended
[dove] Thanks BWM... still - perhaps the banks will handle the currency exchange customers away from the teller lines to avoid shocking another non-dinarian customer...as was mentioned quite a while back for security reasons... now if everyone will walk out and do cartwheels after they get home instead of the bank parking lot
[BWM] dove yeah the original process will be more secure... but lets say that they make you wait 30 days to pull anything over say 500 dollars... and we all show up in a month and want to get 5000 dollars now... some branches will handle you privately with your new private banker but remember there are a lot of ppl not used to the process...which means they go to the teller first and then get escorted away and inquiring minds in the back of the line now want to know why you suddenly get royal treatment...
[BWM] course down here we'll all just go thru the drive thru with a wheelbarrow
[averysgrampa] SERIOUSLY...........I goof and clown and say insane things in here but I personally am going to take the advice i have been provided with by our admins and intel providers, and do the right things to protect what i have been blessed with, and in addition will wait till i get home to go nuts and scream!
[dietcokeandice] BWM now Glen Beck is stating that your US Dollars are NOT goint to be worth anything shortly----must get hard assets
[BWM] dietcokeandice here's my issue with that... if our currency is worth nothing then we will become a third world nation... and considering the buying power we carry throughout the world (especially to china) how could our currency be worthless without completely affecting the global economy that they just tried to fix
[BWM] dietcokeandice consider the problem with the U.S. having to purchase with hard assets... with our yearly spending, is that possible.. some things have not been thought through logically... is there enough gold to back all our currency AND try to hold for hard assets...
[BWM] dietcokeandice hard assets will become a barterable currency... which will do just that... What's it worth to you...
[dietcokeandice] BWM worth a lot except i can buy no $$$$
[BWM] dietcokeandice that's why I will hold several other hard currencies...