W8tn4it2rv: MY OPINION
IMO THE REASON FRANK LEFT JULY, THEN QUICKLY JUMPED INTO OCTOBER IS BECAUSE HE FEELS THOSE ARE THE 2 KEY TIME FRAMES.
IMO HE IS LOOKING TO OCTOBER AND THATS WHEN HE FEELS THE DINAR MIGHT REACH IT'S HIGHEST VALUE.
HE AKSED THE 3M's TO STAND DOWN (Backdoc, Mountainman and Thunderhawk)
HE AVOIDED MY QUESTION YESTERDAY AND SAID TO ASK HIM TWICE.
W8tn4it2rv said Saturday (Post #114) QUESTION FOR FRANK
WE KNOW YOUR TIME FRAME OF FOCUS IS OCTOBER.
ARE YOU STILL OF THE OPINION THE RATE WILL CHANGE TWICE? IF SO, ARE YOU ANTICIPATING THE 1ST OR 2ND CHANGE AROUND OCTOBER. THANKS
Frank26: This is complex but IMO ........................ Second ..................... Tell You more on this on MONDAY CC. If You should ask me again. KTFA Frank
LOOK AT RECENT VIDEOS
- NOTHING LEFT TO SAY
- WHEN THE FIRE IS THIS HOT, DON'T TO GET TO CLOSE
- LAST NIGHT, SUN SETTING IN THE WEST
- YESTERDAY FROM DELTA "THAT'S WHY I DO BELIEVE IMO WE ARE SO CLOSE TO SEE AN INCREASE IN EXCHANGE RATE."
W8tn4it2rv: BACKDOC FROM YESTERDAY:
GOOD MORNING FAMILY!
YES, QUIET WE ARE WITH A PURPOSE FOR A PURPOSE!
WISH I COULD TEACH MORE ON THE COMING DAYS BUT YOU ARE IN EXCELLENT SHAPE WITH YOUR INVESTMENT.
THERE WILL COME A TIME IN THE NEAR FUTURE WE CAN BEGIN TO SHARE AGAIN!
W8tn4it2rv: MOST PROPHECIES HAPPENED IN JULY & SEPTEMBER:
MOST OF KIM CLEMENT'S PROPHECIES CAME IN JULY AND SEPTEMBER.
DOUG ADDISON GAVE US A TIME FRAME 7, 8, 9.
7-JULY = COMPLETION, 8-AUGUST = NEW BEGINNING, 9-SEPTEMBER = HARVEST.
COMPLETION NEEDS TO HAPPEN AT THE END OF 7 TO HAVE A NEW BEGINNING IN 8! IMO
IF I'M WRONG FRANK WILL REPLY AND DISAGREE WITH MY POST OR IF I'M RIGHT HE'LL BE SILENT WITH NO RESPONSE
BGG Article: "IMF agreement test for Iraq" IMF has developed a tremendous program to rewrite Iraq's ailing economy. The fund issued on July 14 and the current document consisting of 34 pages constitute the most ambitious attempt to remake the economy of one of the Middle East.
While not saying " rv tomorrow" it's pretty compelling stuff...
Tishwash: the real good news will come out later today
Oneros: Tish did you see Bloomberg scroll this morning..The Ppl Bank of China will work hartd to keep the Yuan stable against a basket of currencies that was stated in a mtg in Beijing China on the Sunday conference
GBT: China's Yuan goes into the SDR basket of currencies. In October, which we've known for a year. This is old news. China is not, I repeat, not going gold backed and hence putting RV out to october. All nonsense put out by unknown bloggers who haven't a clue. RV can happen anytime
JersyBoyFanin: I wholeheartedly agree that this can happen at any time. The banks cannot withstand the bond markets at negative yields for much longer. We are in a very good place and hopefully this thing is gonna POP very very soon!
GBT: I don't think Jersey ..it has anything to do with Bond prices..nothing...in a fiat system Bonds go up and down, is this unusual yes? but, nothing they can't deal with. We don't need to hinge an Iraqi RV or anything....they are dancing as fast as they can in Iraq and that's it. Nothing major needs to happen for the RV
Airam: This is a whole new economic event with a set a 0f new rules we dont know
GBT: Airam...I just don't see that....why do you? I think Iraq RV's, Dong and then maybe Iran..with them or a little later and that's it..you go to the bank and make a profit....All this GCR stuff IMO is an illusion ..fun, but a fairy tale…And by the way, what i just said is very very positive for what we all want, for it doesn't hinge on some Big Event...it's already baked in the cake...the RV
JerseyBoysFanin: GBT: I believe the banks are crying right now for funds. They LIVE by the bond markets and with those going negative they cannot sustain this for much longer. When you go to the ATM to get cash the bank has to have money to provide that for you. When you pay your house payment, bother have to cover that. They are running out of usable funds at an alarming rate.
GBT: Jersey, well, what you are not seeing is the banks you talk about own the FED and the FED creates money..the FED created 800 Billion TARP in 2008 and gave it to themselves..the big banks are too big to fail
JereyBoysFanin: God Bless Tony.... The banks are only too big to fail if we agree to it. When the poop hit the fan back in 2008 and the govt voted to cover them, we all looked on in confusion and were mad but didn't pitch a fit over it. They try that again and I believe the American people will have a cow the size of China! We're fed up with paying for their poor mgmt abilities. It's on them now!!!!
Airam: The only thing i am sure of is ....It's going to happen
GBT: and you don't think the banks run Congress? Look at top contributors? Jersey, you and others are informed. The American people have little clue how this works….and remember...the bankers wrote Basel III. And no where in that doc does it compel anyone to go asset backed. I challenge anyone to show that in print. This asset backed thing is no where except in Dinar Land
JereyBoyFanin: I hear you, God Bless Tony. However... The magnitude of what's happening is staggering. It's not just us. This thing is global. Deutche Bank is about ready to crumple. Greece is in trouble. Venezuela is in major trouble. Britain is struggling. It isn't just about the US anymore. This is a global problem and the only thing that will fix it is a total revaluation of the world currencies!
GBT: Jesey...well, no disagreement on the "issues" out there..but just making the currencies "worth more" doesn't solve anything..nothing. This is a systemic problem of an EU that never should have formed in the first place and banks with a couple trillion in derivatives...but, it is all inextricably tied together from pension funds to bonds...you are not going to fix this with RV some currencies..currencies will RV..but it is not going to change the system
JereyBoyFanin: My understanding of Basel 3 is that it is limiting the bank's ability to do things under the radar... funky, illegal things that allow banks and elites to do things they shouldn't be doing. How we fund it will not likely be discussed and both Basel 3 and 4 are about a new set of rules. All countries had to agree to them.
GBT: Jersey..I have a source, 35 year currency historian who read the whole Basel III and it doesn't force them to do anything differently in reality. Nothing. All for show…
Jersey...well, much like all legislation...it says one thing and does another...you may remember "The Bank Secrecy Act" of a few years ago..saying ti would make more things transparent and all it did was give them more cover. The people involved write the bills.. Insurance companies wrote Obama Care..Congress doesn't read these things…imo
Burbanklou: First there was Basel I, then II, then III. 2007-8 happened after I and II. III increased capital standards. Banks teetering now are under III. The asset back currencies aren't back by gold but by assets, which can still be in the ground! Plus, it does mean that you can take your money to a bank and get an asset for it. So its still fiat currency.
Basel III does nothing about the real culprits, the central banks who "print" money. Central banks also oversee commercial banks in some countries. Did that help in 2008?
JereyBoysfanin: I guess I have to ask.... BurbankLou... Do you have any specifics on Basel III? Have you heard anything about it being just for show, not really accomplishing anything , etc.?
BurbankLou: Jersey, its not exactly for show. It did raise capital requirements but it did not fundamentally change the system. They can still be overleveraged.
DePaul13: So G20 is going on right now it finished?? So are we waiting for the meeting to convene or is it done???
LilyJ: Depaul13. If China is 12hrs ahead of us it should be about 10:00pm there. So I would think the meeting is over or close to it. IMHO