[telemar59] I wanted to comment on the post on Recaps by Presley about Germany announcing today to repatriate their Gold from the Fed and France. A while back Germany announced that they would not be repatriating their Gold from the Fed and France. I believe they were actually saying not to the public that they were demanding their Gold back.
[telemar59] Today's announcement stating that they will repatriate their Gold is actually a message saying all of their Gold is home again in Germany. JMHO.
[telemar59] If that theory is true the world is ready for the reset and ready for all countries to go to asset backed currencies.
[golfnut] telemar59 you are dead on! One would not make that type of anouncement until it was complete. That sort of thing is not something that you make public before hand. Security issues
[Jeff] Telemar59 I agree with your position on the Germany Gold
[telemar59] So let's go out today and have a big old RV...............lol.
[Jeff] golfnut agreed
telemar59] I read that there was a major find of rare earth elements needed for cell phones and computers found in the bauxite reserves off of the coast of Jamaca. Wonder what their currency will be backed with.......
Read More Link on Right
[Jeff] good morning all of you ornery cusses who wants their money now LOL
telemar59] We are a richer world than the elitists have lead us to believe. The world is done and waiting like we are for the reset. So let's make it today!!!
[telemar59] All the news is being announced all over the world if you pay attention and are waiting for something. We are being told each day that there will be a new asset currency system.
[2012jesus] i have great news but one thing will it pan out ,,,answer dont know ,,,we just have to wait ,thats all we can do ,,, one thing we all think we have the last piece of the puzzle and bam there is another piece ,,life
[Starlight1203] I think its going to be awhile. there is too many loose ends
[nathansmom] Starlight1203 what loose ends are you referring to
[WCW] Starlight1203 it cant, everything is done it has to happen now
[telemar59] Starlight1203 what do you base your opinion on?
[Starlight1203] nathansmom WCW telemar59 ........just listen to what we are hearing..........chapter 7/6 .........and other details
[2012jesus] people news is great ,we just have to let it ride out for us alll ,,no delays its coming
[telemar59] Stasrlight that is all done and nothing for an RV has anything to do with Iraq.
[Starlight1203] telemar59 I hope your right
[2012jesus] telemar59 right on :
[telemar59] Starlight they can't announce things until the world is ready. RV today!!!!
[Starlight1203] telemar59 thats right...........and is the world ready?
[pastored] wellll we claim to be the world so release it pleaseeeeeeeee
[telemar59] Doubt and faith cannot live in the same house, unless you are bi-polar.
[Starlight1203] sometimes you have to be realistic...........and even the guru's do not know exactly when
[Jeff] telemar59 Starlight1203 China paid of Russia's debt in papers last week and on CNBC, Euroopean crisis seems to have gone away why? Also, CA IA have surplus why? Where is the money coming from?
[Starlight1203] Jeff sounds like an RV but I am not the one to ask
[telemar59] Jeff exactly and now Arizona and Iowa have paid off their debt and have a surplus. Test states maybe.
[Jeff] Starlight1203 take RV out of the equation then start over; think macroeconomic then slide down to microeconomic
[care888] Jeff ...they are all carving the impending pie
[Jeff] telemar59 UST is possibly absorbing state debts think about it
[burk50] Friend says surplus is from Ia state taxes ,grain boom
[Dsatmhk7] I like these thoughts! :)
[telemar59] Jeff the UST is about to be very well off.
[Mitzi] telemar59 Gov Jan Brewer raised the sales tax with voter approval about 2 yrs ago and we paid off our debt the hard way
[Jeff] Mitzi so you are out of debt in two years?
[telemar59] Mitzi you have a good Governor.
[Jeff] CA is out of debt in six months?
[Jeff] IA is out of debt in two months
[Dsatmhk7] With a surplus!
Jeff] Russia is out of debt period and their debt was 267% of GDP?
[golfnut] Jeff Agreed
[FRV] Jeff Our Governor did this years ago too... (Iowa)
[Starlight1203] I am not doubting.........just remembering they stated no one knew the date/rate
[FRV] WCW gm
[care888] Jeff ..then we just have to wait for all the states, then it's our turn?
[Jeff] FRV OK color me dumb then I need to throw all those masters degrees away because when I read your state's financials that is not what I am seeing
[FRV] Jeff Not arguing just stating that when he was Gov years ago, we were in pretty good shape.
[buddydog] Jeff My daughter with her Harvard MBA and her CFA sure can't see it in the state's financials!
[misskitty05] Jeff you mean the change in fiscal policy in Iowa does not explain the debt elimination?
[Jeff] misskitty05 read what buddydog just said
[Maryrose] Jeff where is all of this coming from?? Re Calif and Iowa??
[misskitty05] Jeff yes... just saw it. Hmmmm
[Jeff] buddydog my Harvard MBA and other masters do not mean shiz right now; I am still scratching my head over the CA thing ugh
[Jeff] buddydog how does your young lady explain the sudden wealth in these states and more coming?
[thudz04] FRV question do you know Iowa's population? If so, calculate the amount of tax you would need to collect from each indiviaual in Iowa to create a 1 billion dollar surplus, and then ask yourself if that's feasible.
[Jeff] thudz04 AZ and CA to I have lol amazing
[Jeff] thudz04 CNBC was scratching their heads to
[Jeff] Maryrose absorption of debt is all I can figure out not by FED but maybe by UST
[Dsatmhk7] No other explanation
[thudz04] Jeff I know I did as well for Ca and it is not possible those revenues are coming from taxes
[Jeff] thudz04 exactly I have friends that work at Pimco and other large security firms and they are laughing at the slight of hand
[Maryrose] Jeff so does it get paid or forgiven??
[thudz04] Jeff I know their explanation is absurd
[misskitty05] Jeff if global settlement, RV or other such funds have already been distributed to CA and Iowa wouldn't it make sense that others states have already received as well?
[Jeff] Maryrose good question, buddydog's daughter may agree but it just may be forgiven I do not know not in my text books or experience lol
[greasee5] Nov. 2012 Iowa's debt reached an all time high of 4,700.00 per person in total population
[care888] Jeff pimco, they are a big deal in all of this i feel
[Jeff] misskitty05 remove RV and GS out of your question; that has not happened I think it is absorption of debt but I cannot prove it who could?
[greasee5] Iowas population is roughly 3,062,562
[Maryrose] Jeff if it is forgiven then they should take every states deficits to zero. Why reward bad behavior?
[Jeff] Maryrose think TEST CASES
[Dsatmhk7] Aren't we expecting forgiveness of debts?
[misskitty05] Jeff ok yes, that would be the other option ... very interesting if that's really happening
[greasee5] Debt was over 14 billion in Nov. 2012 in Iowa
[Jeff] Guys none of my banker buddies or other financial experts can figure this out; throw our MBAs MAs and other monikers out this is absurd- no idea
[Maryrose] Dsatmhk7 that's what some say, if they did it would be a first!!
[Jeff] greasee5 LOL so 14B in debt and now a 1 B surplus? LOL
[childofgod] Jeff Amen! This is definitely one for the books! lol
[Jeff] In three months? LOL
[greasee5] Jeff Yes exactly lol
[Maryrose] Jeff creative accounting??
Jeff] Maryrose yes at the highest levels is my guess imho!!!
[greasee5] Jeff That is a lot of sales tax?? Must have had a Great Christmas! lol
[Maryrose] Jeff gives a whole new meaning to FUNNY MONEY!!!
[Jeff] greasee5 lol yep
[misskitty05] Jeff well how does the alleged debt forgiveness result in a surplus? Does money which was earmarked for debts move to the surplus side?
moonchild] Maryrose it is certainly possible to lie with numbers. Just look at the unemployment figures and at the inflation figures. Roflmao
[burk50] Why help Ia why not Illinois ?they are in debt??
[Maryrose] burk50 that's what I was thinking. If for one should be for all!!!
[jeanne] Jeff my boss is in Sacramento today to find out how the balanced budget affects us. I remember last year this time there were major cuts and a very deam outlook for the future, you are right there was no way to have it balanced this fast, it was a couple of years of more cuts.
[misskitty05] burk50 that's what I say. If it has happend for one it should have happened for all.
[Jeff] jeanne 26 B went POOF
[Maryrose] moonchild something smells fishy
[greasee5] Jeff That means they came up with over 5,000 for every man, woman, and child in just 3 short months! hmmm lol
[Jeff] misskitty05 burk50 whos to say that is not in process?
[Maryrose] greasee5 these people are awesome!! Who would have thunk?? lol
[misskitty05] Jeff yes could be or could already have happend and they are still working on the cover stories or will roll out the news over time
[oucrazy] Jeff . . . is that part of the "debt forgiveness"????? lol
[greasee5] Maryrose I need them to do my books! lol
[thudz04] Jeff I agree. My thought is gradual dislosure. They cannot come out and say suddenly every state in the U.S. is debt free.
[Maryrose] greasee5 I knoooooww. Talk about super accts!!! lol
[jeanne] Jeff I asked my boss about that and she felt because of what was voted on in the election one of the props that went through and I said there is no way it has balanced the budget that quickly. She believes that O and Brown are great fiscal people, WOW!
[telemar59] Jeff more states each day are talking about removing state income taxes. Nebraska is the latest. Funny That.
[constantlyabiding] Just a thought... what resources do those states have? If we are moving toward an asset backed system could those states be leveraging their resources against their debt?
[care888] telemar59 ...gearing toward a 14% flat us tax?
[Maryrose] constantlyabiding OR would the FEDS take control of their assets as a return???
[Jeff] greasee5 maybe gun running lol i have no idea
[Jeff] Maryrose no fed ust in my view
[telemar59] care888 that is what I think.
[care888] telemar59 ..yep
[constantlyabiding] Maryrose did not think of that..
[Maryrose] Jeff HUMMMM, and I came up with that all by my little self!! Roflmao
[care888] telemar59 ...gearing toward a 14% flat us tax?
[moonchild] telemar59 so how would they pay their bills without income tax? just a larger sales tax?
[kenbo] okay.... I think the PTB have had more than enough time. time to push the button!
[jeanne] Jeff yes, I am the minority around all these educated people but I can add, and they are believing it hook line and sinker.
[2012jesus] Maryrose yes our money
[Jeff] Guys it just does not make sense is all I am trying to say; maybe I am missing something but if you do the demographic math and look at the state financials as I have you do a big HUH? Then you just have to shrug your shoulders and say good for them
[telemar59] What do you think is going to happen when drug gangs, organized crime and other criminal elements can't exchange their ill-gotten Fed notes for new Tresuary bills and will have to pay taxes on everything they buy?
[dinarhunter] moonchild There are already a number of states that don't have income tax. I know Texas just upped the car registration by $10 for road taxes due to the damages from the oil industry.
[kenbo] maybe it's just creative mathematics
[moonchild] dinarhunter yes, but usually they have a source of income, like oil in Alaska.
[childofgod] Jeff Good for them and shame on us for allowing it to happen
[greasee5] Jeff I totally Agree!
[pastored] i hear here in texas is 150 flat rate now just passed
[constantlyabiding] Jeff totally agree, as I said yesterday 3 states going from deficit to surplus in the same weeks seems odd.
[Maryrose] constantlyabiding very odd
[citizensoldier] constantlyabiding Cooking the Books
[Maryrose] citizensoldier creative accounting
[oucrazy] constantlyabiding who besides CA and Iowa?
[Dsatmhk7] The truth will be revealed eventually
[ [dinarhunter] Maryrose constantlyabiding But they are oblivious to the fact that we are watching.
[constantlyabiding] Cali, Iowa and AZ
[constantlyabiding] dinarhunter I think they spend more time watching us here in the fish bowl then we realize.. imho
greasee5] Debt and taxes; April 2012 Arizona tax payers on the hook for 66B! Due to overspending by state and local governments.
[greasee5] Arizona population 6,500,000, estimated 10,300, owed for every man, woman, and child in the state!
[Maryrose] greasee5 is that legal and illegals?? Lol
greasee5] Maryrose Just legal citizens
[greasee5] Maryrose Took them just 9 months, and to have a surplus!!