Post From KTFA by DinarTattoo » March 27th, 2014, FRANK OR NOVA
Question for you to ponder on!!!! I met a well known person in the banking industry who does work w the world bank that I was chatting w yesterday. He told me to keep an eye on the IQD notes in circulation. He said that is is severely connected to the rate of the IQD.
That the money supply needs to be around 1 billion notes for them to pull the trigger. I did some digging. The last time Iraq was at 1B noted the rate was 3.22 so do u think this has any ground to stand on?
I haven't been listening to any CC's lately cause of work kicking my butt so I don't know if this is a thing we are looking At. Any 2cents you have for me would be great. I am very intrigued of this scenario!!!!
And slightly excited about the next couple weeks knowing they are reducing the money supply. This gentleman also said a lot is going on behind closed doors w the world bank and Iraq that we couldn't even imagine and also the IMF rushing them to get things together to get a return profit on the loans they have lent Iraq
AzProf wrote on March 27th, 2014,: Ive been asking some questions. If the info is right, it seems that 'treaties' can be passed by the senate and president signature. But there cant be any money appropriations.
So, Frank strongly suggests it passed, yet all articles suggest it was pulled out of the Ukraine bill as the house wouldnt vote on it. If it was converted to the language of a 'treaty', then maybe it could be passed by senatte only.
What does Christine L say- this will cost US tax payers no money. It just transfers money that already has been appropriated into the IMF funds.
I am no law person. Im just thinking out loud. I really have no idea if this could happen this way. Nova??
Post by Frank26 » March 27th, 2014, Friend ............ It does not have to happen because IMO ......... It already has happened. Next week IMO will unfold the folded truth. KTFA, Frank
Post by hawger03 » March 27th, 2014, 5:41 pm • [Post 254] Hello AzProf!
The one thing to consider here is that not only does the IMF need an agreement to the new reforms but there is also a funding component, with which our US Congress is very familiar.
I doubt that even our current president could make a shift to treaty on this without being noticed, let alone get appropriations from congress to fund the IMF. Not in the cards.....IMO
Post by BulldogFord65 » March 27th, 2014 Hello Family: We all know that no one here at KTFA knows the date or the rate.
We also value the many diverse perspectives and opinions which lead to good discussion. Having said that, I am mystified why some folks believe we will not see an international rate for the IQD until summer, next year, or beyond.
I have no problem with anyone holding this opinion, I simply do not see the empirical evidence that dismisses March or April as viable possibilities.
In fact, in my opinion, based on the empirical evidence we have, March and April have strong viability to see our blessing occur -- again, in my opinion.
My intent in posting is to encourage those who dismiss the "near proximal future" as any possibility to remain on the watch tower. I am concerned for those who believe we are months or years away may step back from learning, planning and preparing for our stewardship.
Again, no one knows the date or the rate, and each person on this forum is absolutely entitled to their opinion. I am not trying to push "hopium" or change anyone's opinions.’
I would simply like to encourage those who are feeling down and doubtful that nothing is impossible, and let's see what the next couple of weeks bring.
And, if we are still here encouraging one another in 3 months or a year from now, how much more prepared and ready to do the Lord's work we will be!! Keep the faith, we're all in this together!!
realtormc wrote on March 27th, 2014, 10:21 pm: :hmmm: Is the Volcker Rule and Basel III the same thing???? I read Volcker Rule is supposed to take effect April 1, and I believe the larger banks are to be Basel III compliant by March 31.
Post by BulldogFord65 » March 27th, 2014, Hello realtormc: The Volcker Rule is not the same as Basel III. Here are links to read up on both:
"Basel III" is a comprehensive set of reform measures, developed by the Basel Committee on Banking Supervision, to strengthen the regulation, supervision and risk management of the banking sector. These measures aim to:
improve the banking sector's ability to absorb shocks arising from financial and economic stress, whatever the source
improve risk management and governance
strengthen banks' transparency and disclosures.
The reforms target:
bank-level, or microprudential, regulation, which will help raise the resilience of individual banking institutions to periods of stress.
macroprudential, system wide risks that can build up across the banking sector as well as the procyclical amplification of these risks over time.
These two approaches to supervision are complementary as greater resilience at the individual bank level reduces the risk of system wide shocks."
"Five financial regulatory agencies today adopted final rules implementing a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker Rule. The final rules generally would prohibit banking entities from:
engaging in short-term proprietary trading of securities, derivatives, commodity futures and options on these instruments for their own account.
owning, sponsoring, or having certain relationships with hedge funds or private equity funds, referred to as ‘covered funds.’
As required by section 619 of the Dodd-Frank Act, the final rules, adopted under the Bank Holding Company Act, provide exemptions for certain activities, including market making, underwriting, hedging, trading in certain government obligations, and organizing and offering a hedge fund or private equity fund, among others.
Like the Dodd-Frank Act, the final rules limit these exemptions if they involve a material conflict of interest; a material exposure to high-risk assets or trading strategies; or a threat to the safety and soundness of the banking entity or to U.S. financial stability."
God bless you, Realtormc