1:00 PM 3sIntel[BWM] HEY TONY...
[BWM] Good Afternoon Everyone...
[BWM] ok I have a question for everyone... how can gas at an Exxon station in Texas be different from an Exxon in Louisiana... or better yet, from one exit to another how can the prices be different in the same stations EVEN owned by the same ppl...
[bfind] BWM supply and demand
[BWM] bfind is it really.. there is the same supplier... and does demand vary that much in several miles...
[BWM] so let me put it to you this way... how can the dollar be worth one amount in Mexico and another in Canada...
[BWM] I'm addressing the fact that someone this morning posted there will NOT be a different rate IN Iraq vs what the rest of the world will get... it's mere folly to think that way... or you have your head stuck up the exhaust of a diesel engine too long...
[bfind] BWM i read some where that in iraq there trading the dinar at $2.72 have u heard that
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[BWM] bfind yeah I have heard something to that effect but along the lines of the value of the smart cards... while I have heard "loading" stories I have yet to confirm the "activity" of such loaded cards... so even if they had a value they are not usuable yet that I know of..
[bfind] BWM if theres a small bank in town in town to cash out at and not a wf for 200 miles will they be trying to match wf probley not i thank
[BWM] bfind we have a total of 3 big four banks in my state, all WF's, the closest being about 65 miles away... I have tried to work with them for some time getting information (to be fair to them they were "bought" out, not corporate WF) and had no success... not even recognizing the dinar. I will be going to Texas to cash out because I trust the banker that I have been working with
[bfind] BWM explain smart cards if u can this is something new to me and dont no how they r using them
[BWM] bfind the entire middle east has gone to an "ID" card system which contains all the citizens pertinent info on... some have real problems with this due to security concerns... if you think about it, how better to control a society than by controlling their money... consider if the government would not allow cash transactions where would that put you?
[gardener] BWM Texas has four very large federally mandated reformulation zones where the prices will reflect the special blending required in the area.
[BWM] gardener it was merely an analogy to the competitive and regulated issues we deal with on products, services and such... thanks for the info tho on Texas, very interesting
[lynncool] BWM I need a good banker in the metroplex - know of any??
[BWM] lynncool I'd make some "interviews" up and find someone that A. recognizes the dinar and is willing to discuss it and B. that you feel some level of trust or connection with
[bfind] BWM thank goodness i have a large city near by with just about every bank know to man so plenty of bank to cash out at and the can compet with one another
[BWM] bfind good for you... i'd have already started the interview process if I was you... even if I didn't have the money yet to open an account
[FIRECRACKERMAN56] BWM, Are we not real close to doing that here.imo. Yes.
[BWM] FIRECRACKERMAN56 I feel we are right there... I'm just tired of standing in the same spot
[bfind] BWM i got a phone call yesterday some people r saying in less then 48 hours we should be at the banks anythoughts
[BWM] bfind if I had a quarter for every hour I was supposed to be at the bank I wouldn't need an rv...
[boomer1110] BWM - Did I dream this or did someone say if the rv hadn't occurred by Thurs LaGarde would do it herself? It's 10PM in Bagdad, so if something was going to happen from there, I would imagine it will be overnight...or are they completely out of the picture. Sound confusing? I am confused!
[BWM] boomer1110 they start their meeting about this time at night (the productive ones at least) due to heat issues... so this is why we usually get a lot of information out in the afternoon after they complete them
[bfind] BWM how close r we
[BWM] bfind you know the middle easterners like to get "uncomfortably" close when carrying on a conversation...
[BWM] bfind nothing as of yet to share... still confirmations coming in on some things that I'd really like to hear resolution on...
[BWM] I just didn't want anyone concerned of the "diesel fumes" of the idea that the rate that shows up in Iraq will be the same everywhere... that is not how this plan was laid out...
[Dinarblessed] BWM I am having a hard time understanding the confusion surrounding the back packages. You have been telling us for a long time to be prepared and the bank packages help us to do just that....
[BWM] Dinarblessed the confusion seems to be between differintiating between "codes" and "packages"... two different things...
[bfind] BWM whats ur thought on fxtrade closing sunday
[BWM] bfind really in the big scheme of things it doesn't seem to matter.. it's not really forex... it's an "out of market" trading platform... so I think it's again something that we read into more than what is truly relevant
[bfind] BWM if we have to sign a discloser at the banks dose that mean that we wont no a rate till we go to the banks
[BWM] bfind even if you had to sign a nda to get the rate.. it doesn't matter, you are still not obligated to trade at that bank... it just keeps you from running thru the streets proclaiming the rate that you were offered..
[bfind] BWM i understand that part i guess what im trying to ask is well we no a rate before we go to the banks
[BWM] bfind that is hard to say... I don't think we'll really understand a lot of things until this breaks...
[bfind] BWM everything is just a guess for now or our best undrestanding
[BWM] bfind the biggest problem is too many "facts" being proposed... which makes most of the time spent debunking what we "can" believe
[TRUENORTH] BWM please sir...that NDA is a very one sided contract...how would we protect our mysterious rate with them from a frivilous claim that we have disclosed, so they could drop rate.
[BWM] TRUENORTH if you are not going with them then you obviously have no reason to disclose any information... and I think the banks know or will find out what the others are offering... again, it will come down to how badly the banks want your business... and let's be honest. For all the junk we've heard about .86 cents and such and you go into the bank and give them a code and they offer you $xx.00 are you really going to complain? we are struggling over dynamics that are not only yet to be revealed BUT also that may not really matter.
[Dinarblessed] bfind You will know the rate that it rv's at, which will be posted for everyone to see at forex, cbi or dealers. That rate will give you a starting point. Is that right BWM ? or wrong?
[BWM] Dinarblessed there will be "differences" but you will see the base..
[drizz] BWM ~ I'm assuming that when they RV we CAN discuss the CBI rate and the dealers rates so that when we go to WF we'll know how much more they are paying
[BWM] drizz yes... depending on when we see those things
[TRUENORTH] BWM I am not complainning about the rate, but am concerned about tactics. Once they have you signed in, they could frivilously claim you have disclosed to drop rate...then wht, they havethe money...I've dealt with banks and companies watching their agenda's. every minor move is major money, ty again
[BWM] TRUENORTH again, I think the situation will continue even post rv as a fluid event... banks will want you business... what will keep a bank from claiming you've broken your nda? well how about the other banks matching what was the known rate... I think the competition willl uphold the agreements
[moonchild29] BWM given how bad the situation is getting in Europe with Italy about to need a bailout, and how bad things are in the US, contrarily to what is being represented. How much longer do you think that the RVs can be put off?
[BWM] moonchild29 Italy has declared they will not need to be bailed out... so we'll see how that is resolved..
[walkingtall1943] BWM about nda
[BWM] walkingtall1943 NDA are built for protection... depending on how you use it, it can benefit you as you negotiate...