TailDragger] MY WONDERFUL FRIENDS,PLEASE BE KIND TO EACH OTHER AND REMEMBER GOD DID GIVE US THIS DAY TO REJOICE IN. Don't fear tomorrow, it may never come, Yesterday can not be done over, Let's learn from it. Love and serve today, rejoicing and being glad in it. We love Him because He first loved us. GOOD NIGHT MY FRIENDS. WE JOIN PRAYING THIS ENDS SOON. AMEN.
[windhawk] I have been staying out of the chat rooms lately,, Man it is really dismal out there concerning this RV,, lol,, I have really lost heart on this.. I hope all of you are faring better then I am on thinking this is going to happen sometime this year
Rocky49] windhawk I understand your feelings. Right now there are some positive signs. It is my understanding that China is really pushing for the VND to be RV. and that is putting pressure on getting the Dinar RV.
daniandquin] windhawk we have never ever been as close as we are right now. seriously. dont' dwell on the days and months and years of waiting, dwell on how much closer we are!
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[windhawk] Rocky49 Have you ever believed that China has any one in America best interest. I suspect that if china wants this RV,, it is for their benefit and not ours
Mamapajama] So the breaking news is there is no breaking news?
[Capt Ron] There's news but I'm still broke..
[Capt Ron] jwg is saying that the vnd might rv independently from the iqd.
[Capt Ron] Poppy says we have to wait another week for the political pot in Iraq to cool down.
Capt Ron] Politics AFFECTS the rv process.Which has a great EFFECT on us.
[Capt Ron] Bob, what we have here is that 'zone of confusion' we were told to expect in the days/weeks prior to rv.
[Capt Ron] Would the Chinese allow a dong rv prior to the rest of the global rvs knowing that we all would double dip? I think not.
[nevis] I hope the VND goes 1st at .20 or higher and I get my feet wet and things all set up nicely and then the Dinar hits weeks later.... But will be happy any way it happens...
[steveg] Jonny said last night that raising gold is an issue, well it is up 7 today so far. Can anyone tell me what "direct" relationship gold has on the timing of the RV?
[kenbo] rising gold prices is usually an indicator that the USD is falling in value.
[justaguy] steveg Just a guess, rv then a run on gol and the price rises to false heights. Then your currencies are based on false values which will drop rapidly. just a guess. gold and drop
[Osthaffn] steveg well, if you think about it, discussions have "probably" been taking pace for years already - I mean, we've had the Fed since the early 1900s; it didn't take 100 years to see the effect of manipulating interest rates on measures of inflation
[Osthaffn] kenbo I think it might depend on what else they have to offer... I mean, look at Greece, are they going to put up the olive harvest as collateral for their currency? what else have they got? (time to start digging)
[Osthaffn] steveg I think it has more to do with "the trend is your friend"... when commodities are trending high, when you flood the market with liquidity (an RV), it will magnify the trend; when trending low, same thing - there is a camp that believes the global reset is designed to inflationary damaged...
[sananddan24] Guys are we still thinking this could happen today?
[kenbo] sananddan24 I think that every day
[sananddan24] kenbo I do too!
[_waterworld] FYI... (Reuters) - Greece will probably remain in the euro zone....European countries are ready to introduce common euro zone bonds.
[justchecking] Osthaffn Define intellectual capital.
[Osthaffn] justchecking intellectual capital will be tricky to define; but look at it this way, who has the better opportunity to create the next technical equivlanet of the iPod? the US or China? The culture of Asian countries means they are really good at refining other people's designs, but the... ..."group problem solving" culture, does not lend itself well to risk taking, innovation, and radical breakthroughs (not to say that there aren't exceptions)
[Osthaffn] justchecking and for that matter, which country has the better shot at cracking "cold-fusion"? US? Germany?.... probably NOT Iraq....
[Osthaffn] justchecking so you can look at intellectual capital as an attempt to measure technical innovation
Osthaffn] wirelessguy see, I don't think "debt" is ever, really, "forgiven".... its traded for something, often something geopolitical... like my grandma used to say "nothing in life is free"
[_waterworld] steveg ... the weaker nations want Eurobonds because it would dramatically drop their cost of funding. Of course Germany and their stronger EU countries do not want it because it would dramatically raise their cost of funding. Nations, in the end, will act in their own self-interest, so we wait.
steveg] Osthaffn if in the works would we be seeing France yesterday asking for EU bonds to cover cost?
[Osthaffn] steveg ref: bonds, well, yes, very well possible, because it all depend on how bonds/debt will be handled through all the changes - it could very well be in a country's advantage; so much depends on agreements we are not privvy to
[steveg] Osthaffn still confused. bond/debit - fiat currency vs asset backed. why would a solution for the current EU crisis be the old system?
[Osthaffn] steveg bonds are debt - its a commitment to pay bond holders an interest rate return on their investment over the long haul in exchange for cash now (to keep the lights on)
[justchecking] The whole world's economy is wobbling at this point. It ain't rocket science.
[Osthaffn] steveg fiat currency isn't backed by anything other than a country's willingness to honor its value as a promisorry note; not dissimlar from insurance which is simply a "promise to pay" until the company doesn't want to - it's been the US's stregth that they would do all that was ncessary to support
[Osthaffn] steveg ...the currency, up until this most recent debt ceiling debacle, which held our country's fiscal integrity hostage
[_waterworld] Fiat currecny has 3 parts.... Taxes.... Debit.... Inflation
Osthaffn] steveg but understand that countries around the world that possess large quantities of USD as a reserve currency, since the US has ALWAYS agreed to support its vlalue, all of a sudden will get squirrley when they see US politicians fighting over things that directly impact their holdings
[Osthaffn] steveg they may decide to dump USDs in favor of other currencies, and then supply and demand kicks in, having an even greater effect on the USD... who knows, "maybe" that's the politicans plans all along as a mechanism to devalue the dollar on the free market
[duffy] Well, Bella & Jonny wg last night broke to be on continuous phone calls and Okie & Bd75 said our prayers have been answered. I assume they meant the Rv. Sooooooooooo..I wonder where it is hiding this mornin???? Anyone have it and not passing it on????
duffy] I think we will find it under a rock in Bagdad someplace. Maybe next to Malikis' castle.