PACIFIC TIME ZONE TIME STAMPS
7:07:26] CAP1: Here's some information I received early this morning regarding the IMF and Christine LeGardes visit to China this week. Nov 08, 2011 23:09 EST IMF chief warns world economy risks 'downward spiral'
International Monetary Fund chief Christine Lagarde on Wednesday warned the world was at risk of plunging into "uncertainty and financial instability" and urged Asian economies to be on their guard... European leaders have called on China, which has the world's largest foreign exchange reserves at $3.2 trillion, to invest in the fund. The head of the fund, Klaus Regling, has travelled to Beijing for talks about a possible contribution, but China has so far made no firm commitment to provide financial assistance for the troubled eurozone.
7:10:17] CAP1: NOW PAY ATTENTION TO THIS NEXT STATEMENT: Europe has been discussing with China and other investors how to structure a special purpose investment vehicle and is exploring the possibility of linking it to the IMF.
..."Asia is not immune. Whether it is the trade channel or whether it is the financial sector which can operate as a crisis accelerator, Asia needs to be prepared." ..Lagarde also called for a stronger Chinese currency "in real effective terms", adding to intense international pressure for a faster appreciation in the yuan... "Asia is not immune. Whether it is the trade channel or whether it is the financial sector which can operate as a crisis accelerator, Asia needs to be prepared." Lagarde also called for a stronger Chinese currency "in real effective terms", adding to intense international pressure for a faster appreciation in the yuan.
*7:12:57] CAP1: That last statememt IMO refers to requesting that the dinar RV at a higher rate.
7:12:45] jamessmith33: CAP1: so what do you make of all this???
7:14:15] CAP1: jamessmith33: Just setting the political/financial stage for this baby to RV.
7:14:24] CAP1: ONE MORE THING
7:14:42] CAP1: Lagarde is due to brief the press about her visit on Thursday.
7:15:01] CAP1: Thursday is the 10th.
7:19:39] CAP1: Remember, we received intel from yesterday stating that China has received the request for a higher revaluation in turn for its help. Many, many times we are reading in the news what has happened days before.
7:20:23] jamessmith33: CAP1 also a very good point, so we could very well see this tonight if china agrees
7:20:47] CAP1: From what I have heard, they already agreed.
Read More Link on Right
7:21:42] jamessmith33: CAP1: o ok, so maybe the parlement meeting is just a formality and we see it right after that
7:25:32] CAP1: james: IMO, yes. If not sooner. Remember, all of Parliament does not have to be present.....just a quorum. That could be done today.
7:26:47] CAP1: IMO, technically all has been done.
7:03:48] CAP1: dhw: Here's the article I posted. http://www.newsmeat.com/news/meat.php?articleId=122774526&channelId=2951&buyerId=newsmeatcom
7:15:38] papajack: weaver Here is my intel, I don't really have any more sources than friends that have been in this a long time and I read a lot. I was fortunate enough to meet a person that actually works for the IMF and has told me exactly how the RV process works and he actually worked on this project. So here is what I was told and you guy's can take it for what it is worth. I don't know the date or the rate, here's what I was told, Iraq works with the IMF, they agree on a rate, S presents his rate to M and they approve it, M presents the rate to the IMF and they approve it, it is then presented to the BIS and they release it. I believe all that has been done for awhile. I also think the RV'd in June country to country to prepare for the PUBLIC ACTIVATION. Now here is what I told about the rate, my source laughs at these crazy high rates, I was told expect it to be the 3+ range or maybe low 4's and if it comes out low it will go up. There you go I am at the mercy of the last minute intel as much as any of you, maybe a little better connected for info but I'm in here just like you. And as you can see we are being effected by politics for the final release. So there you have it I'm just a retired airline pilot and minister invited to this party by MY FATHER IN HEAVEN. I apologize for any misspelling but why ruin a perfect record.
7:21:49] Hecht: Papajack, Thanks for your update. It seems to be the times, just like our government no solutions to problems only kick the can down the road. What will the event be to ignite the R/V and our recovery?
7:22:41] papajack: Hecht It's done the release is all politics
7:27:37] papajack: Here is one way to look at this Politicians are all about getting reelected and having more power, it's all perception, I believe when their lips are moving they are lying, IMHO the delay is so they get the spin on this they want.
7:27:57] CAP1: correct papajack!
7:28:39] CAP1: I call it "jockeying for position"
8:05:03] papajack: I just got a phone call, my freinds and I have been working on getting a cash in deal with Chase for our group. They called Chase this morning and Chase called Chicago and they will not discuss the Dinar. So all the gag stuff at the banks must be true, to me it's a good sign.
Jonnywg Update: NOVEMBER 9TH 9:30 POST....Hi group hope all is well as we wait we are hopeful that the little things that are delaying this will be resolved Obama has not given a speech as yet, nor as any world leader we are told the GREEK PM WILL STEP DOWN at 4pm est and talk i hope this kicks off info re world deficit jonny
8:13:33] jamessmith33: CAP1: plus the IMF leader gives the speech tomorrow so we are looking really really good, my guess is tomorrow night but i hope its wrong
8:13:39] jamessmith33: and its tonight
8:13:41 CAP1: expect the unexpected!
9:38:46] CAP1: Google Alert - iraqi dinar revaluation............and it starts.......the news about the poor people...and how there is a plan to increase their compensation.....how do you say HCL/RV ? Reuters Standard compensation includes 5 million Iraqi dinars ($4275) for a government worker who is killed and 3.75 mln dinars ($3200) for non-government worker ... http://www.google.com/url?sa=X&q=http://www.reuters.com/article/2011/11/09/us-iraq-widows-idUSTRE7A841T20111109&ct=ga&cad=CAEQARgAIAAoATAAOABAkJfq9QRIAVgBYgVlbi1VUw&cd=R2Ij6mLQGf4&usg=AFQjCNGpYpVI2TGaK3MpfLUvLrS2R0bz-Q
9:51:00] CAP1: Am I calling it? No, because we have grown to know that you just cannot when dealing with something this huge. I will be interested to hear the call tomorrow and check to see how things go. I hope that it is a call about 4am and then it doesn't matter who is right, who is wrong, who is the first to call it, who is the last... Of course, if *********** is correct, we are only talking about 10 cents
9:41:41] lizardlips: Furthermore, Hassan Sinead states the the last US plane will leave Iraqi Airspace today... A Truly Soveriegn Nation.
10:01:16] jimmydnar: If I'm not mistaken, Greece's Popandreous (sp) and Italy's Berlisconi (sp) have both resigned, so I'll bet this paves the way a little more clearly for you know what..........
10:46:48] mort: just talked with my international lawyer again today and he said he hasn't heard anything different then what he was told last fri- rv thurs into fri- same rate as i gave you he said-all info he has received is still a big go
10:57:40] CAP1: Tony: from govt agency, some of information on boards has affected the RV..."too much information" released....some agreements are still being put in place.....some dependent on the RV, some not
10:58:03] CAP1: Tony: "still there Guys"....it was expected several times in last 3-4 days....all things were indeed completed last nite....it is really good news