[childofgod] cruiser Yes, I agree - So this really can't take much longer, no?
[cruiser] childofgod I know you are looking for a date, I just do not have one.
[BigB] cruiser So - are we waiting for the big boys to make a little more money in the markets or something else? I think they are just trying to set Wall Street up before the button is pushed - or am I not looking at the bigger picture?
[captaincaveman] BBigB if I worked for myself I'd get fired lol
[cruiser] BigB I think the big boys have made enough money. It is time to have the realignment happen so that the banks can get to lending again.
[BigB] cruiser Do you think tha QE3 was designed to put money in the banks to fund our CE?
[childofgod] cruiser agree
[cruiser] BigB no I do not. It was not enough. What i think the fed did was show me their next move. Bye-Bye freddie and Fannie
Read More Link on Right
Expert: raise the quota of the dollar exchange rate in the banks means the success of central bank policy and exchange rate stability http://translate.google.com/translate?hl=en&sl=auto&tl=en&u=http%3A%2F%2Falrayy.com%2F62759.htm
[captaincaveman] I think that article is talking about the amount of dollars and dinars....the physical currency is to be equivalent in the Iraqi market with a less than 2% difference. Talking about the amount of physical currency ...not the value or exchange rate. More smoke but good find.
[da58] gretco parallel would mean 1 to 1....now...and would seem to be market driven, but a managed float after, if this is the case...I believe an article came out a while back mentioning they would be limited to a 2% increase per 90 days or similar..not sure..but - if this article is the case, and is
[da58] and is true - I would assume we'd see it soon on the cbi website, charts, banks...imo
[cruiser] spades Here is what I think or maybe I should say IMO is happening. Banks have not been able to lend or should not wanting to lend for years now. They are hoarding the cash. Interest rates are too low. So once we have the realignment, the banks will be flooded with our cash from the exchange. This will then free up trillions of dollars that are sitting on the sidelines, for project funding. Then you will start to see the rebuild of the U.S, with the job creation from those projects.
[bamanana] cruiser Sounds reasonable to me As a Realtor, it is impossible to get banks to lend for mortgages
[cruiser] bamanana banks are not going to make any money. Just like us going and opening a savings account and getting 0.1% interest. Why do it? not worth it.
[bamanana] It's also the reason why it doesn't matter how much money Fed prints, if the banks don't loan the money it's water over the bridge
[bamanana] or under the bridge lol
[cruiser] bamanana They are not printing money ,have not since 2009. They are creating money, be it digitalized. The problem is, that it is all worthless paper.
[Princess M] cruiser there is one intel person(no names) that says all information that has come out for the last few days is wrong..IRQ not out of Ch 7, no smart cards and not payments being made....what is your opinion regarding this?? Not bashing just trying to understand!!!
[cruiser] Princess M Just a matter of opinion.
[moonchild] cruiser I see what is going on in Greece, Spain, US, Japan and basically all over the world. They all seem to be hanging on by a thread, so I do not know how much further this can go on without something dramatic (like the reset) taking place.
[cruiser] moonchild I 10000000% agree with you.
2012jesus] GOOD Morning all. Let's recap this week. We read that an Iraqi official was saying that the $ was going to lose value to the IQD in a FEW days. A CBI official stated that the value of the dinar to $ was 1.18 or 1.19. There was an article from Iraq showing Maliki with his Ministers, including Defense. Have I missed something?
[captaincaveman] If Iraq is under chapter VII sanctions due to being a threat to its neighboring countries then why would the US and NATO give the go ahead for Iraq to start purchasing weapons from Russia