Sep 27 6:53 PM [cruiser] Good Evening all!!! Pretty exciting day. We had Iraq ask the United Nations for Chapter 7 removal. Anyone surprised? How come no one asked why they were moved up a day? They were scheduled to talk tomorrow. Also, Why did Iraq send their VP? Vp as in Vice President. If their VP is the Equavilant to the U.S that would be really strange. Why would the PM or President show up for this Epic meeting, unless they knew the outcome.
Had to get their country ready a celebration???? Maybe? Then you have the VND situation with Wells Fargo. Makes you start to wonder what is going on. How come no one is talking about Spain and what happened there today. They took 3B in Euro from their Social Securtiy reserve (the people) and use it for cash on hand. WOW that is a problem. Tomorrow is their Bank stress test or results ( not sure ) But I think it is results. I think they are going to fail, since Spainards have been taking all of their cash out of the banks.
[grandmajudykay] cruiser What about VND and Wells Fargo?
[JLARSEN] cruiser HI! I missed what happened with the VND and Wells Fargo?.................
[cruiser] grandmajudykay JLARSEN there is no rate on the screens so they cannot sell any
Read More Link on Right
[Maryrose] wheezer2 helping countries gain employment for their citizens so everyone could make $$
[JLARSEN] cruiser hmmmm... that is something to ponder!! Thanks!
[grandmajudykay] cruiser Interesting. Wonder if it will stay that way . . .
[tc0043] cruiser Did the U N give an answer to Iraq`s request?
[cruiser] tc0043 They have been there all day
[BLESSME] Cruiser when will UN grant them removal from chap7
[JLARSEN] cruiser it looks like Sterling Currency is still selling the VND.....
[Maryrose] cruiser if VND is a tradable currency why wouldn't it be on their screens
[cruiser] BTW, the VND story was reported by Captain Caveman and confirmed by a few here.
[Digs] cruiser i was able to buy 1-Million VND today from Investors Savings Bank for $ 53.00 -- this was around 4:30PM EST
[wheezer2] cruiser have to say i wondered why they were addressing UN today, but i figured i just had had a senior moment and misunderstood rofl Question is.....now that Iraq has asked....how long does it take, when do they get an answer and by what means...vote, etc?
[cruiser] wheezer2 They have to ask. lets call it Protocol.
[Maryrose] Digs which makes one wonder why WF wouldn't sell it today and why it wasn't on their screens
[stevhens777] cruiser the same thing happened to me at wells a few months ago. they said vnd wasn't showing so they couldn't sell it to me.
[cruiser] tc0043 I will know at 10pm when we all head to the local gentlemens club in NYC. Wonder if they accept dinar roflmao
[kbluhm] WF had some issues with their "systems" and online banking............ hmmmmmmmmmmmm
[cruiser] stevhens777 couple of months ago they ran out.
[Digs] Maryrose my thought was that it had something to do with their systems getting hacked yesterday.. maybe that were only to pull up a few systems for their customers, and released them soas not to cause a panic... probably still not at 100% since the hackers... just my thought
[Maryrose] Digs my thought was that there weren't any hackers at all and the PTB were merely controlling bank access due to and impending reset. It was just a thought I had................
[cruiser] Digs good for you. I am only saying about WF. It will be worth it.
[bamanana] cruiser Call O and tell him to let it go!!!!!!!!
[wheezer2] cruiser that i understand....but how long can the UN withhold an answer?
[cruiser] wheezer2 how long do they have to start the realignment.
[TLane] cruiser I am guessing October 1st
[cruiser] TLane could be
[TLane] cruiser What do you think?
[wheezer2] cruiser ok....soo can the UN give an answer AFTER the session?
[ [cruiser] I unfortuanatley do not know how long. I am not they privledged.
[TLane] cruiser Does the Congress have until Oct 1st to release their investments, or were they granted an extention?
[cruiser] TLane Congress has to but the executive branch was extended
[TLane] cruiser Thanks!
[cruiser] wheezer2 I do not see why not. I just do not know if the answer will be public knowledge immeditaly.
[deb2blessed] cruiser In your opinion---is there any reason they would deny them to be out of Chapter 7? Seems like time, right?
[cruiser] deb2blessed IMO NO WAY!!!!
[Maryrose] cruiser we have been told forever that Iraq has to have an RV prior to release from Chap 7. Is that correct and if so they wouldn't say publically that they had been released until it was announced
[cruiser] Maryrose You got it.
[deb2blessed] cruiser thanks--that is what I think!
[Maryrose] weimar right but the UN answer wouldn't be made public until Iraq announced an RV if in fact they have to RV prior to Release of Chap 7. That is what we were always told but I don't know if it is correct
[weimar] Maryrose that is my feeling too :)
deb2blessed] Maryrose could be simultaneous
[Maryrose] deb2blessed wouldn't that be wonderful!!!
[gab44] Plus I've heard that Iraq has asked the UN to be released from chapter 7 the last 4 times they have met. So it's not something they have never asked for.
deb2blessed] Maryrose that is what we are all waiting for!
[cruiser] Maryrose look at it this way. All formalities with the UN are done. Chapter 7 is done , in house ( UN). Iraq is now happy or should I say rellieved. Now the UN and the IMF have to do the currency realgnment, this will then give Iraq the RV and then we will all see the end of Chapter 7. Hope that makes sense. lol
[weimar] cruiser it does if it RV's -- it sure appears we are there :)
[Maryrose] cruiser so now it's in the IMF and UN's court??
[moonchild] cruiser what sort of timeline are you imagining?
cruiser] TLane The global ecomomy is going down the toilet. Oh you asked for something new lol
[TLane] moonchild Cruiser don't give date rate info anymore!
[Digs] cruiser Excellent! Just wish i was en route to the bank right now.. or at least had an appointment, with a rate locked int... lol lol lol
[cruiser] Digs You are not alone. Believe me you are not alone!!!!
[cruiser] weimar moonchild I think it is close (hate that word), just do not know when. sorry.
[TLane] cruiser ASN right?
[weimar] cruiser I hear ya
[vrod03] cruiser With Christine LaGarde statement earlier in week you would think they would be all over this??
[cruiser] vrod03 They are
[cruiser] TLane up until that moment and then you know the rest, it is history, roflmao
[moonchild] cruiser was not really looking for a date but rather at an idea of how you envision the movement through the last steps.
[mpool900] cruiser has anyone asked now that VP asked for them to be released, how long of a turn around could we be looking at??
[cruiser] mpool900 i do not know how long.
[moonchild] cruiser the thing that has impressed me the most recently has been Lagarde stating that she wanted something to be done by October to deal with the problems in a meaningful way
[cruiser] moonchild I truely think IMO we are actually now waitng for codes. All arrangements, agreements, hand shakes , toast, formailities,all seem to be done.
[cruiser] moonchild just do not know how long that will take.
[wheezer2] cruiser just a thought here.....what if they moved iraq up to today so that they could begin the realignment process since for those 12-24 hours ALL banks are closed? am i having ANOTHER senior moment thinking this?
[cruiser] wheezer2 well tomorrow is Friday and Friday is a holy day in Iraq.
[moonchild] cruiser after what Lagarde said, and the fact that the IMF has been sitting on the RV for over a year, I would expect the IMF, at least, to move things along very promptly.
[cruiser] moonchild I totally agree.
[cruiser] There is a lot of pressure being put on right now. The alignment needs to happen to "stop the bleeding". Will it correct all of the problems. No But it will start, and then the other plans that are in place can start.
[vrod03] cruiser So you think the agreements with Madame Wu and Christine are done and back on, that is why we wait for codes?
[cruiser] vrod03 I have no idea about that stuff. Well above my intel.
[blessedandhighlyfavored] cruiser lol and your paygrade... lol
[redeemed] cruiser ...Is the UST still on lockdown? Thanks
[cruiser] redeemed I do not think so.
[deb2blessed] lockdown=smoke IMO
[Pearlnoir] cruiser do you agree with Kaperoni regarding the bank platform ready in 17 days?
[cruiser] Pearlnoir I think the new bank platform was just put into place ( that whole hacker nonsense). That is Just my opinion!!
[cruiser] moonchild I totally agree.
[weimar] Its 323 AM in Bagdad right now, however, I would expect any announcement at morning prayer time, thats around what, 630 or so?
[TLane] cruiser I thought that too!
[weimar] cruiser that occured to me too
[sananddan24] Cruiser have dealt with 2 small within the month both went on s new banking system
[Coffeeone] Good information regarding new banking system perhaps being put in place!!!
[sananddan24] One bank went to the new system 1st of Sept other larger bank in Aug
[rwilly] Is there still a probability thing may happen by Month's end
[Jeff] sananddan24 hmmm which banks are you referring to?
[dealdoctor] cruiser So I take it you expect our RV by October 1 BUT that you are not calling it or anything just like me you think it should come by the first of the month. Am I right?
[cruiser] Well on that note, let me get going to my Gentlemens club meeting with the VP of Iraq and the big guys from the UN. ( only joking, I have to state that or i will get ridiculed by others).
dealdoctor] artle01 they were saying earlier today that WF does not show VND as one of its currencies today. Is that correct?
[artle01] dealdoctor I could not order VND in Sacramento area though. Friend bought thru Nevada WF!
[dealdoctor] burneyw I have the first of the year as a back wall in my mind but if I were the button pusher I would push the button NOW...look at the world..melting down.
[bamanana] dealdoctor Me too!!!!!!! I need money, lots and lots of money! I need the pie in the sky! Lol
[deb2blessed] dealdoctor amen---just what cruiser was saying along with there being no reason they would deny them being out of Chapter 7....that tells me A LOT
[jyburt] dealdoctor we went to wf 2 days ago and ask if we could buy it, to the same person who laughed at us about dinar, according to him we could not purchase vnd but he did not call anyone either, and he said we are on his speed dial and they would take at the time take our iqd, send it to a place to verify it and then in a few days post to our account and the brinks truck would take it not i told him we would go to a regional center to exchange he says not but i know better and so do we all
[chrivers] I have heard Legarde say a few months ago, that they were working on an economic reformation globally as well as in Iraq, as we speak!! So I have known that it was coming for a while!!
[dealdoctor] chrivers Legarde said the other day that something needs to be done by October 1..She knows Europe is in meltdown and that Israel is itching to hit Iran
[chrivers] dealdoctor awesome!!!!
[dealdoctor] chrivers The streets of Greece are in riot, Spain having huge protests, The stimulus plan of the European Central Bank is not enough and they know it. Austerity is needed and the people are rebelling on that. SO...what about a new worldwide monetary system and an RV? I vote for the last option.
[mkay] yall.....this is what we have been waiting for....someone to actually ask for release from chapter 7
[spades] crossways it may be a long weekend of anticipation ... but we will live lol
[mkay] and this info came straight from the source to us
[dealdoctor] skt2 Iraq's VP asked the UN for release from Chapter 7
[mkay] skt2 v pres of iraq just asked for release from chapter 7
[chrivers] have to b talking to UN
[skt2] dealdoctor mkay AWESOME! And when do we know the answer?
[mkay] skt2 not sure ...but first time we know for sure it was mentioned