[BWM] working on a classroom for the NCUA... after the FDIC class other day I had a lot of questions about credit unions... so I'm working on a new class for those that may be considering credit unions as post rv plans
Villarmosa] BWM can O do an EO to exclude IQD exchanged to USD on US soil???
[BWM] Villarmosa no... because of international laws you cannot 'discriminate' against a currency.... and protection has already been included until next year.. O renewed it himself...
[charm] [6:07:19 Pm: This is a little more than just another rumor. A personal friend of mine I just talked with said his personal banker at WF called him just after the bank closed today. He said they have the RV rate. They will do a final training session until noon then after lunch the RV will be live for personal bankers to contact large dinar holders to start making appointments Monday morning, but walkins with small amounts of dinar will start processing at 1 PM in all progessive time zones. He said he can't tell me what the rate is until after lunch Friday. He did say WF got a direct notice from the CBI as well as the UST. Cash out will not be in FRNs.
Read More Link on Right
[charm] Not my personal post grabbed from. dinarjunkie have no idea if its real.
[BWM] charm CBI has no authority with our banks... all memos would come directly from the UST... which they have received before... there was a memo issued last week from WF for revaulation thru today... of course, they got that the previous two weeks also
[healthscans] charm What is FRNs?
[maranatha] fed res notes
[charm] BWM wish i had answers
[eleanor] charm which Chat Room?
[BWM] charm I'm not saying they aren't getting things...on the contrary... happens a lot
[charm] healthscans greenbacks federal reserve note
[BWM] perky2 the dodd frank makes PERMANENT the 250k limit of protection... the only unlimited protection available at the moment is a non interest bearing account... PER the Frank Dodd that expires December 31st 2012
[BWM] per the
[BWM] FDIC... there is no unlimited protection account after 12/31/12
[charps84] BWM, what good is the unlimited protection when the government is broke?
[Villarmosa] there's always CDARS
[BWM] charps84 considering most money is digital... broke is relative
[BWM] Villarmosa not available at all banks... and has limits that may create issues for you
[Villarmosa] BWM lots of banks in program & it's as temporary as u want it to be
[BWM] Villarmosa there is only one bank in this area that participates... and the bank is the lowest rated around... just saying that option may not be best for everyone
[BWM] anteup fine print on CDARS.. Limits apply. Funds may be submitted for placement only after a depositor enters into a CDARS Deposit Placement Agreement with a CDARS participating institution. The agreement contains important information and conditions regarding the placement of funds. The CDARS service has been designed to satisfy the FDIC’s requirements for pass-through deposit insurance coverage. If a depositor is subject to restrictions with respect to the placement of funds in depository institutions, it is the depositor's responsibility to determine whether the placement of its funds through CDARS satisfies those restrictions. When deposited funds are exchanged on a dollar-for-dollar basis with other banks in the CDARS Network, the relationship institution can use the full amount of a deposit placed through CDARS for local lending, satisfying some depositors’ local investment goals or mandates. Alternatively, with a depositor's consent, the relationship institution may choose to receive fee income instead of deposits from other participating institutions. Under these circumstances, deposited funds would not be available for local lending.
[BWM] here's the basic on how CDARS works.. it takes you full amount (say 10 Million dollars) and divides and distributes it amount "network banks"... my problem with that is your money is now split between THEIR financial institutions and you have no control over that...
[BWM] http://www.cdars.com/whe ··· ult.aspx want to know if CDARS if available near you...
[Villarmosa] BWM u can make that short-term until u make other perm plans with ur $$$
[BWM] Villarmosa term limits also... you may end up with a contract longer than you want if you are looking temporary...
[cutter1953] i dont know about all banks but my bsnk is closed on monday
[BWM] cutter1953 regional banks are more respectul of patriotic holidays
[cutter1953] BWM what about wells fargoi have a accnnt non instret besring checking there two
[BWM] cutter1953 non interest bearing account protection ends 12/31/12
[BWM] per FDIC protection i should say
[BWM] dodd frank ended unlimited protection but guarantees 250K protection for all account holders
[BWM] winalot [BWM] ok... got asked about the article that got posted this morning "Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability"... so let's look at the MOST important statement in the entire article...adding that the exchange rate of the dinar against the dollar has become parallel and the percentage difference between the two estimates (2%). This is a translation issue here. Parallel does not mean "equal" but rather side by side until such time they can "IN THE COMING PERIOD level the playing field between the dinar and the dollar" (as stated in the article). The 2% was given as an estimate of value between the differences IN IRAQ...so there is no change AT THE MOMENT... it's more rhetoric that IN TRANSLATION everyone wants to read that it has happened... not yet
[winalot] well, i thinnk it has.. and that the rate is "ticking on forex.. till it hits it's "spot" but, i guess we are waiting .. no matter what!
[BWM] winalot you can move money back and forth between a bank that has branches in both the US and Canada if you have set it up properly
[winalot] BWM yes.. but... for it to fall under CANADA laws... u have to move it 2 times
[BWM] winalot forex or netdania/yahoo type forex accounts... netdania/yahoo or not part of official forex
[winalot] 2 accounts
[Florida] BWM :) Well, I believe in magic so I'd love to skip all the difficult parts and just get there. But that is not the way life in the Matrix happens to be at the moment. We go through processes, so while it would be nice to have it over, I also see that our 'playing towards it' and 'believing in its voracity' is what will bring this baby home!
[BWM] Florida here's simple... the dinar has NOT revalued yet... and while the articles and intel may sound enticing to jump on the wagon and say yes, my banker is going to call me with a buy/sell rate anytime now... I suggest you spend this time living life the way you need to survive and PLAN for what you need to do once this happens... and it will
[Florida] Austin-Powers-For-PM I believe the processes/govs have all lined up once more to try to get this through right now in this moment. But that process will unfold over hours? days? weeks? (god forbid)
[BWM] Florida you don't understand that I agree with that... my point is your warning time is not gonna come up in an article telling you look for it soon