[kktwahoo] Amen and thanks Sam!
[kktwahoo] terryk now
[kaycee] Hope everyone had a wonderful Thanksgiving Got some great speakers on here
Historian and Janna will be having a dialogue Mac will be digesting some of the articles
Got an IM from one of the guys I deal with in Switzerland says they stopped issuing dinar
Will save the news for end of call tonight Historian, Janna, PQ, Tina other great speakers
[kktwahoo] Frank or Robert - word on street is that have stopped issuing dinar for a purpose
[kktwahoo] Frank - have not heard that - are expecting a shipment in next few days that we acquired over the next week or ten days Will make a phone call and let terryk know what he finds out
[kktwahoo] Thanks Frank -terryk will pass on to web site - info just over an old by way of text to me Been on the phone with a lot of people;
[kaycee] china wants their money now from the US Otherwise they may exercise foreclosure on the US Our wonderful group in Washington is pushing for 40% capital gains tax
[kaycee] White House wanting to exercise additional taxes on wealth; all commodities, on an annual basis A lot of crazy things with taxes going on and proposals to try to get this done before the first of the year
Read More Link On Right
[kaycee] Waiting to get Mac on Mac on
[soccermama] Dialing from his cell phone Historian is on
[kaycee] Janna and Historian had a little chat earlier Historian is responding to some emails
[soccermama] today covers alot of subjects
[kaycee] email from someone who used to be on a thread talking about taxes, etc question - know of any history that I can get ahold of about currency
[soccermama] received email saying have not chatted in a long time, talking about taxes and accounting and corp structures
[soccermama] Q - I was wondering of any history of currency revaluing and countries political situation at the time? YEs, there is quite a few spread over the years She does not believe that they are natural market conditions They are forced by speculators to make money
[kaycee] They are triggered deliberately so speculators can make money goes back to Argentina in the mid-1970s
[soccermama] no country naturally devalues their currency in the news again
[kktwahoo] Mac will be on soon
[kktwahoo] Historian now
Kuwait, Sweden, Britan Russia, Brazil, in the 90's many of these are known to be currency attacks where market forces come together and decide they will do something to go after the country in some way they have gotten behind the scene and involved in the country's situation in some way
[kaycee] The best thing to do is look it up on google ] devaluation
[soccermama] There are many sites available They devalue it then they drive it back up
[kaycee] Speculators drive it down
[soccermama] Talking about something less technical than that When she heard about the dinar, she saw that is was similar situations SHe used to see things happening in the stock market
[kaycee] I made a living in this I used to play the speculative market I would never play the story; i couldn't care less what was going on, what the company was doing I don't care about the story of the IQD I look for the players
[soccermama] when she played the spec stock market...
[kaycee] I would notice that a company stock would get devalued until it was pennies would stay there it would trade at that level
[soccermama] Company stock would get devalued... to pennies then stay there you can count how many shares are out there... one, three or five million shares out there
[kaycee] when you are in the sales market, you can count how many shares I would watch for stock that had been dropped would look at it, would watch for it to have a large accumulation
[soccermama] she would watch for dropped stock and find out a few things about it watch for it to be heavily traded if it was a 20 cent stock it would trade up 1-2 cents
[kaycee] would watch and all the suddent would see huge amounts I made a very good living doing this in 1980s Would be sold from one stock brokerage to a different one
[soccermama] there is no way for that volumn to go up unless it was being manipulated
[kaycee] would accumulate every time they hit around 80%, they would drive it up
[soccermama] then the story would come out after that point they would make ALOT of money
[kaycee] I was watching the players, would figure out who it was
[soccermama] Historian would watch to see how it is moving from place to place brokerage to brokerage it then would go to 20 cents and breaks to 24 and breaks pattern then she would hop in and get invested but you have to watch because you can never be sure when it would happen it would be driven quickly ] then she would sell out and make 4 to 5 times her money she would be anonymous SOmeone asked me about the Dinar (before she was involved in it)
[kaycee] so decades later someone would tell me about the dinar I wasn't paying attention was really busy wasn't saying anything that I felt was important
[soccermama] They were not saying anything she gave weight to they kept asking her to look into it what was it originally (diniar value)
[kaycee] they kept calling me telling me they didn't want me to miss out asked what the rate was
[soccermama] before 3 dollar range then suddenly went down... Where there governments involved? Yes then she started watching who would accumilate dinar at a cheap price She didnt care what the story was Then she followed her process buying cheap, find the players, hoping to sell higher
[kaycee] I started watching on who would have accumulated the dinar at a cheap price People behind the scenes who know how to revalue the currency, they will move it around at a cheap price all their friends would get in and get a piece of it
[soccermama] everyone knows about the executive order 11301? I think that is it
[kaycee] we talked about the executive order to allow little folk to invest in the dinar I think it was intended so that the friends who rearranged the dinar could get in and buy some I think that law was put in place for them we are the unintentional inadvertant beneficiaries
[soccermama] we are the inadvertent purchasers of the dinar now they never thought that ordinary people would be involved SOmething intervened in the RV of the dinar
[kaycee] I think their intention was to go ahead and rv I think it is still going to rv they want that money I look for symptoms on the dinar, not a story
[soccermama] who has come into control of the dinar has changed politcal situation has changed do I think it will spike again like in the dinar? ] Historian looks at the players, not the story who is moving what around, what is going on? are they preparing for themselves, is it time now to launch the dinar
[kaycee] I look for what the players are doing behind the scenes I don't care about the news I care about what that tells me about the movement of the players I think the players are very very close There is no way to know when they will do this
[soccermama] no way to know exactly how and when but it should be soon, when I read about currency devaluations she does not believe what she reads in newspapers
[kaycee] I don't believe what I hear in the articles I think they are a lot of spin the real story of every single one odf those devaluation will come out we will have a whole lot of history rewritten
[soccermama] in wikipedia and google there is alot of information people wont talk about who the true players are right now but we will find out about that after it does revalue
[kaycee] Janna or Terry, any comments?
[soccermama] Historian and Janna were chatting earlier... There is alof of things that cant be discussed The powers that be dont want us to know People have been asking Janna what currency is good to move into post rv what countries do you invest in?
[kaycee] What about gold and asset-backed currencies out there? There is not one currency in the world yet that is asset backed Did a google search and there is not one that is asset-backed
[soccermama] Historian, please explain this...
[soccermama] Historian speaking...
[kaycee] Everything would trade in the US Dollar ] Everyone of those countries gave up their power they thought they would all be fine because there would be one country that would be gold-backed nothing is asset-backed anymore The US dollar is simply printed money
[soccermama] Just a shell game which gave up their power One country that would be gold backed.... then it stopped Then it came into a wild ride because nothing was asset backed Now the Fed DOllar has no value nothing to back it up whatever they print it at
[kaycee] has no basis ] None of the currencies are accurately what they should be You have to assess the actual value the tangible wealth of each country what we're in right now is a situation where that's actually been done Now when it does get revalued, it's not just the IQD or VND
[soccermama] to know what they are worth y ou have to asses the values of the countries, the tangible wealth what is going on now, she believe there is alot of arguing over what the value of each country's currency is alot of countries will change some will change alot, some not so much it depends on their assets as a country Gold is about 20% other things can be resources such as oil, gas, minerals Agriculture, infrastructure manufacturing ability to make revenue Cash assets included things that have intrinsic value and things that make your country have the ability to make money (manufacturing and export)
[kaycee] if you know anything about balance sheets it would be similar I think they have a formula they have applied to every country in the world
[Agent 007] Foreign Currencies Backed By Gold The US Dollar was once backed entirely by gold, thus earning the term “greenback.” The Swiss Franc (CHF) was once 40% backed by both gold and silver, but in 2006 when the Swiss had to sell its gold and silver reserves to join the IMF.
Today, not a single solitary currency on the face of the world is backed even 1% by gold or silver, as all nations have inflated their currencies to unprecedented levels in the past 50 years. In hindsight, the link created to gold by Bretton Woods may have been best left alone.
But in the 1970s, with the United States going through an inflationary cycle, the dollar’s connection to gold was eliminated. As such, global currency investors sold off the dollar as it was no longer one of the few currencies backed by gold.
[Agent 007] Commodities, Gold and Currencies Despite selling its large gold and silver reserves in 2006, the Swiss Franc (CHF) remains as an excellent bet on precious metals. Investors, seeing value in the anonymity and neutrality of Switzerland, typically buy the Swiss Franc as a safehaven investment during turbulent economic times.
The USD/CHF pair performs to parity with the price of gold, with the dollar representing the “anti-gold” wager and the Swiss Franc being a partial gold hedge. During the global financial crisis of 2008 and the subsequent European debt crises in Spain, Portugal, and Greece, investors started buying the Swiss Franc as a European alternative.
The Swiss Franc, after all, is the only partially gold-backed currency in the world, but it is also one of the few currencies in Europe that isn’t the Euro. Currencies backed by precious metals simply no longer exist. In truth, most countries do own gold, though their gold reserves are not explicitly owned for the purposes of backing their currencies.
[soccermama] Janna speaking now
[Agent 007] The largest gold holders, measured in metric tonnes, are as follows: 1. United States 8,133.50 2. Germany 3,401.80 3. Italy 2,451.80 4. France 2,435.40 5. China 1,054.10 6. Switzerland 1,040.10 7. Russia 775.2 8. Japan 765.2 9. Netherlands 612.5 10. India 557.7 Note:
The Eurozone as a whole (all countries that use the Euro) and the International Monetary Fund would rank as #1 and #3, respectively. However, as they are not individual countries, they are not included in the above list. For reference, one tonne of gold is worth $35,273,000 when gold is $1,000 per ounce.
[Agent 007] Forex Brokers and Commodities Since you can’t buy a currency backed by gold, the next best investment would be to buy gold either on the spot or futures markets.
Many forex brokers such as Oanda.com and others allow investors to buy spot gold with leverage, enabling the ability to short virtually all currencies. Oanda in particular offers 30:1 leveraging on the spot price of gold, which is one of the best offers in the forex market. Others, such as InteractiveBrokers allow investors to buy and sell on the futures market, which is highly leveraged (100:1) but requires greater timing to profit. http://www.forexonlinele ··· by-gold/
[soccermama] we have heard over the last 1-2 years... About the different rates of the different counrries We heard alot about it, but lately not so much she believes that it is settled, with only minor adjustments here and there (historian speaking)
[kaycee] there are so many currencies I doubt they will do it in one fell swoop
[soccermama] TerryK.... anything more to add?
[kaycee] Historian ? anything else
[kaycee] No, just patiently waiting
PART 2 CONTINUED