[billuke] BWM will you take a question?
[BWM] billuke sure... do what I can
[billuke] BWM is it your belief that this is past Iraq and they are waiting for a green light?
[BWM] billuke yes... the situation is simple... we know for a fact that a country can be RV'd within certain conditions...
[Mitzi] BWM thank you kindly for coming in and explaining things to us, really appreciate you
[Expendable3] So a Rate is on the (tradable) at this time?
[Expendable3] Just not the retail side?
[BWM] Expendable3 no... it can be on both... but cannot be active without being on the banking side FIRST...
[Expendable3] BWM Cool thx
[BWM] Expendable3 and while there have been a number of indicators showing... the fact is that it is not LIVE AND tradable at this time... yet
[wenmar] BWM could you refresh our memories as to who holds the 16% voting block? Thanks!
Read More Link on Right
[BWM] wenmar your commander in chief basically...
[ZMAN2011] bwm bwm ty for coming in tonight
[BWM] ZMAN2011 always happy to stop by.. thanks
[trini] BWM -Is this tied to the fiscal cliff IYO ??
[BWM] trini you have read articles about certain budgetary implications put in place... I would suggest those are already in place and just may appear transparently to us
[speedracer] BWM To your knowledge, are there any numbers showing on the bank side presently?
[BWM] speedracer yes... from the last information I received
[hardtorecall] BWM TY. We're always impressed with your knowledge!
[billuke] BWM does China or any other group of countries have any pull? Since some have stopped using he USD as main trading entity.
[BWM] billuke the big push is to remove the dollar as the reserve currency... specifically for the chinese to remove the petro dollar... if that happens you will see a decline in the dollar's value
[speedracer] BWM Thank you. Do you feel the bank numbers are placeholders?
[BWM] speedracer even the bankers don't know that... they have watched the rate bounce and wonder what's going on
[billuke] BWM do know or suspect any "gurus" have been planted or set up to spread misinformation to people like us?
BWM] billuke a number have just been lied to... others are just trying to get your dinar or a percentage of your money in group packages... just be careful and read the fine print
[robert62] BWM BWM Has the Dodd Frank Act gone already?
[BWM] robert62 expires end of year...
[robert62] BWM BWM articles in all the rooms
[robert62] BWM BWM Do you see any other options for us with this event??
[BWM] robert62 actually changes January 1... the portion that is mostly affecting things is the dismissal of the unlimited coverage for non interest bearing accounts.. you will be limited by 250k plus additional beneficiaries...
[speedracer] BWM One last Q, how long have numbers been showing on bank side TY
[BWM] speedracer it has varied by coming and going... has been there at least the last week and a half...
[robert62] BWM BWM Do you think Loyds of London or Cedar accounts??
[BWM] robert62 cdars is very limited... be careful and with the whole loyds thing consider this... if say 10 dinar holders were at one bank and that bank went under and each had a value of 5 million... how many of those do you think that they could back up
[speedracer] BWM Thank you, very encouraging
[bookings] bwm bwm i've got to ask this question thats always been on my mind. Iyo do you really think people such as (gurus) posting infor on recaps could really hold up a gobal currency??????
BWM] bookings I think most of it is just funny... and honestly I know several government guys who haved really laughed about some of the things I have asked them about... but outside of one incident I don't think much has mattered...
[bookings] bwm bwm thank you so much, i'm with you 100% on that.
[BOBGETZ6] BWM For sure on that.
[bookings] Bwm one would think all the higher up with all the world problems has a whole lot more to do, than catch a chat site, or recaps lol
harleyrider] BWM please give that 1 incident.
BWM] harleyrider it was obvious... lot's of wrist slapping... and now that person doesn't get to "graduate"
[robert62] BWM BWM BWM Thank you! Do you have any other suggestions?? Trust??
[BWM] robert62 only thing about trusts is you need to see what is best for you... sit down and talk to your tax atty and see if llc's, trusts, or flp are best for you... perhaps some combination... the only thing that I have hear that you really need to be careful of is revocable trusts... but again, see your tax professional to determine what's best for you
[billuke] BWM last time I asked you if you knew of anybody in Reno falling for this cash-in thing, are there still people there?
[BWM] billuke yes and yes.... the biggest problem is there are those that are signed up knowingly giving up a percentage to supposedly cash in early... or given the pretense that was the only way they were going to be able to cash out
[billuke] BWM well do you think this was pushed off to have Dodd/Frank expire, or it didn't matter?
[BWM] billuke it really doesn't matter in that regard to me... just because that's mostly about protection of YOUR money...
[billuke] You would figure if O wanted to protect our money, they would extend Dodd/Frank
[BWM] billuke dodd/frank doesn't really "expire"... it changes the whole landscape of the FDIC basically... basically it does away with unlimited protection and caps that protection... it means that you will either need to diversify or choose additional protection for your funds
[trini] BWM -Is the fiscal cliff and the RV linked together,IYO ???
BWM] trini I think it has become another convenient "bargaining chip" at a time when things are desperate...
[Mitzi] BWM how about a good solid credit un ion for a portion of our funds
[RindsGuy] BWM Do you think the gurus are possibly getting invalid information or could it be that they're getting valid information but putting a different spin on it or they're looking at the moon and stars to make a prediction or any combination of these scenarios?
BWM] RindsGuy I know for a fact some have been lied to... was told by their contacts shortly after they were told the information they were given... it has become pretty obvious as to who is trustworthy with information and who isn't
[RindsGuy] BWM I pretty much don't trust any of them but I'm just wondering if it's because of bad sources or if it's because of more personal reasons.
BWM] RindsGuy there are a couple of greedy ones... but that is showing up more in the "deals" they are trying to do in taking money from those they have pushed to get into their dinar groups...
[jcal] If you have a WF or Chase account and have lots of money the Private banker will set up multiple accounts at the different city’s and spread out the money. Per my Private banker at Chase
[BWM] jcal the protections are set up per institutions correct! so multiple banks and multiple accounts can help solve some of your issues...
[jcal] You can also set up LLC's for different accounts.
[BWM] jcal be careful with llc's and FDIC protection... IF you are using them to hide money and they discover it... they can limit you completely to 250k AS A WHOLE...
[[bookings] ONE THATS PUT OUT FOR A YEAR NOW ASN I'm like how can that person keep saying that, when it's been said for a year lol
thudz04] Hi BWM question, with the activity that is currently happening on the banking side of the forex are you encouraged that we will see a live rate post tonight or in the next couple of days?
[BWM] thudz04 been here before... don't care what anyone tells you... the hope is that with all the information that continues to back it up that we are close... but we will just have to see
[thudz04] BWM I understand. Thank you. Hopefully it will mean something this time around :)
[trini] BWM -Can the showing of the rates in the bank side be a trap to catch crooks?????
[BWM] trini I don't see it that way... but then there have been some ppl who have quit, been let go, moved up, etc.
[RindsGuy] jcal I just read this on the FDIC website: The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank. For example, if a person has a certificate of deposit at Bank A and has a certificate of deposit at Bank B, the accounts would each be insured separately up to $250,000. Funds deposited in separate branches of the same insured bank are not separately insured. The FDIC provides separate insurance coverage for funds depositors may have in different categories of legal ownership. The FDIC refers to these different categories as “ownership categories.” This means that a bank customer who has multiple accounts may qualify for more than $250,000 in insurance coverage if the customer’s funds are deposited in different ownership categories and the requirements for each ownership category are met.
[BWM] jcal there has to be legitimate differences in the creation of the accounts... for instance... you could do real estate and have different llc's for EACH house... that is legal
[jcal] One would want multipal LLC anyway to handle different actions anyway.
[BWM] RindsGuy I did a whole thing on FDIC protection... I spoke to the ppl there at the FDIC and have to tell you they were very helpful and answered my questions
[BWM] RindsGuy you can determine beneficiaries to help circumvent the amount of protection allowed..
[perky2] jcal oh lord this may too complicated for me to handle
[RindsGuy] BWM I used to work at a large national bank back in the day. I was in the back end processing but I remember during orientation we went through FDIC and I thought I remembered this part about multiple accounts combined would be covered. I knew there were differences so I went looking just now.
[BWM] RindsGuy it's specific... for instance you could have you and your spouse and have 500k protection for your joint account.. and each have 250k protection for individual accounts... but you could only be protected ONCE for each of those situations up to 250k...hope that makes sense
[RindsGuy] BWM It does. I just wanted to clarify that if people think they can have a checking & savings and have $500,000 coverage then that won't work.
[BWM] RindsGuy indeed... these are questions they need to visit... but most wealth managers will have all these answers and solutions
[bookings] BWM BWM iyo how much truth do you feel are real truth in ARTICLES THAT COME OUT OF IRAQ????
[BWM] bookings considering you get two bad articles and one good article about something one day and the next day 2 good articles and 1 bad article about the exact same thing... it's pretty safe to say it's manipulated in my book
bookings] bwm amen, amen. I've never been able to really believe in what iraq puts out!!!!
[SSO_Scooby] and if folks dont know Ban-ken-moon is also suppose to be in iraq this might be intresting also
[billuke] SSO_Scooby thought Moon was already there since Thurs.
[billuke] SSO_Scooby in fact maliki and Moon had a joint press conf.
[SSO_Scooby] billuke ...was reading thru thru the weekend I think
[BWM] SSO_Scooby you know there is an article saying he's in Iraq today... busy guy... per the UN website he's addressing the security council tomorrow morning at 9:30 est... http://www.un.org/sg/sg_schedule.asp
[SSO_Scooby] BWM ...and the PM for kuwait will be there this weekend like I sa[d could get intresting IMO
[bookings] Again articles, artlices out of iraq. Lol
[SSO_Scooby] iraq articles are like the creative writing team imo
[BWM] well guys.. glad I could stop by... y'all have a great start to the week... and Merry CHRISTmas to all...
[Bigdogone] BWM A sincere pleasure as always!
[BWM] Bigdogone indeed... thank you
[thudz04] BWM thank you and Merry Christmas to you as well.
[bookings] Bwm bwm merry christmas to you and your family!!!