LAST NIGHT'S ….(Tuesday’s) CC IMO.....WAS EXTREMELY POWERFUL.
I DON'T WANT YOU TO MISS THE MESSAGE NOR WHAT WE HAVE PRESENTED TO YOU IN THE LAST 11 DAYS. SO HERE IS WHAT I AM GOING TO DO.
WHEN TIME ALLOWS ME.... I AM GOING TO PRIVATELY MAKE A CC RECORDING AND RELEASE IT TO MY KTFA FAMILY.
YOU CAN CLICK ON THE LINK AND LISTEN AS I BRING ALL THE PARTS OF OUR BLUE POST AND CC'S OF THE LAST FEW DAYS TOGETHER IN CASE SOMEDAY YOU TOO WOULD LIKE TO WRITE ........THE BOOK OF ELI.
Frank26 » November 6th, 2013, 9:45 pm • [Post 111] GOOD EVENING FAMILY...
HERE IS THE LINK FOR THE SPECIAL RECORDING I DID FOR YOU TONIGHT.
Read More Link On Right
I WAS TRYING TO RECORD WITH TALK FUSION ALSO SO YOU COULD SEE ME DURING THE RECORDING..... BUT FOR SOME REASON THE TALK FUSION WEBSITE KEPT DISCONNECTING AND IT WOULD NOT STAY CONNECTED.
PLEASE ENJOY! KTFA, FRANK :
(Dinar Recaps Note: this link is fixed now. Sorry about that.)
Cole101 » November 7th, 2013, 12:07 am • [Post 210] :hmmm: So I remember a CC where there is something mentioned about a huge national power outage plan...and today on the radio (while the exorcist music in the background) they were talking how the US is going to do a grid power outage drill on the 13th and 14th of this month...
And then I find out that Iraq is putting another Holiday on the 14th.... make me start to think. Does it you? Remember this is all just my thoughts and opinions... and was just wondering if anyone was thinking the same :hmmm:
also stumbled on this article on it posting just the link from the New York times:
sluggo » November 7th, 2013, 8:32 am • [Post 259] it is now 3:30 pm thursday afternoon in Iraq. If I'm not mistaken, M was to make a speech this morning and all indications were that it was to have bearing on their economic policy and possibly lead to their monetary policy being changed. Has there been any reports yet? Articles? Live reports? TV scrolls/
walkingstick » November 7th, 2013, 9:17 am • [Post 267] FYI... Malikis website: Press Releases, Speeches and or Interviews ..... http://pmo.iq/pme/indexe.htm
iggy » November 7th, 2013, 9:24 am • [Post 269] The sharing session
As a California tourist unaccustomed to single digits, the bitter cold of that December day in Washington, D.C., was dampening my holiday mood. Accounting for the windchill factor, the temperature was below zero. When I ducked into Union Station, I hoped only to get warm. What I got was a lesson in the real meaning of the season – from a homeless person.
Warmth was slowly being restored to my hands and feet as I settled onto one of the public benches with a gleaming cup of coffee. Now I was ready to relax and do some serious people-watching.
I noticed a homeless man seated nearby and several tables of diners spilling out into the great hall from the upscale America Restaurant. Heavenly aromas from gourmet treats were tempting me to consider an early dinner.
From the longing look in my neighbor’s eye it was obvious that he, too, had not failed to notice the banquet taking place around us. I wondered how long it had been since he had eaten anything.
Expecting he would approach me for a handout, I welcomed such a plea on his part. He never did.
The more I took in this scene, the crueler his plight seemed. My head and heart were battling it out: the former telling me to mind my own business, and the latter urging me to make an immediate trip to the food court on his behalf.
While this internal debate was raging, a well-dressed young couple suddenly approached. “Excuse me, sir,” began the husband. “My wife and I just finished eating and our appetite wasn’t as big as we thought.
We hate to waste good food. Can you help us out and put this to good use?” The kind stranger handed a large styrofoam container overflowing with goodies.
“God bless you both. Merry Christmas,” came the grateful reply.
Feeling good about what I had seen, but dismayed by my own lack of action, I observed my neighbor’s response to his sudden good fortune. First he scrutinized his newfound bounty, arranging the soup crackers, inspecting the club sandwich and stirring the salad dressing.
Then he slowly lifted the lid off the soup, inhaling the aroma and cupping his hands around the steaming bowl. It was obvious that he was going to prolong the enjoyment of this miracle meal.
Finally, he appeared ready for that long-dreamed-of first taste. Meticulously unwrapping the plastic spoon, he filled it to overflowing, lifted it towards his mouth and — with a suddenness that stunned me – stopped dead in his tracks.
The reason for this unexpected behavior soon became clear. Entering the hall and shuffling in our direction was a new arrival. In his seventies (or so he appeared), hatless and gloveless, he was clad in lightweight pants, a threadbare jacket and open shoes.
His hands were raw and his face had a bluish tint. I wasn’t alone in gasping aloud at this sad sight, but my neighbor was the only one doing anything about it.
Quickly pulling aside his treasure, he leaped up and guided the elderly man to an adjacent seat. He took the old man’s hands and rubbed them in his own.
He tenderly draped his down jacket over the older man’s shoulders. Finally, he spoke. “Pop, my name’s Jack, and one of God’s angels brought me this meal. I just finished eating, and I hate to waste good food.
Can you help me out?” Placing the steaming cup of soup in the stranger’s hands, he didn’t wait for an answer. But he got one. “Sure, Son, but only if you go halfway with me on that sandwich. It’s too much for a man my age.”
It wasn’t easy making my way to the food court with tears blurring my vision, but I soon returned with the largest containers of coffee and the biggest assortment of pastries possible. “Excuse me, gentlemen, but…”
My parents, like yours, taught me to share, but it wasn’t until that day in Union Station that I truly learned the meaning of that word. I left the hall feeling warmer than I had ever thought possible.
walkingstick » November 7th, 2013, 9:41 am • [Post 276]
The forex market is designed to encourage crime By Patrick Jenkins
Lax structure supplies the opportunity, big bonuses create the motive, says Patrick Jenkins
It is notoriously idiotic to leave the purchase of holiday currency until arriving at the airport – as I learnt to my cost (yet again) last week.
With a choice of two currency outlets, both run by the same operator, there was one dreadful rate on offer: £1 would net me €1.05. Buying back £1 would cost €1.35.
Outrageous as that near 30 per cent spread was, it looks like modest abuse compared with the alleged manipulation that was emerging at the same time, as regulators deepened their probes into the $5.3tn a day foreign exchange market.
In the past fortnight, seven of the world’s leading banks have confirmed they are being investigated as part of the affair.
To many in the profession, this is the latest example of vindictive regulators hounding a sector in belated retribution for boom-time excesses. To critics of the finance industry, it is further proof that banks remain rife with corruption.
Bold reform would settle the score. By ditching anachronistic market mechanisms, creating transparent exchanges for forex transactions and cutting bonuses that encourage egregious behaviour by traders, banks could restore trust and help bring an end to the scandals.
Chances are they will need the continued pressure of regulatory investigation to force change.
The probes, initiated barely four months ago by the UK’s Financial Conduct Authority and now under way in Switzerland and the US, too, are at an early stage.
But there are clear suspicions that traders at different banks systematically colluded, with the aim of artificially raising or suppressing rates throughout the day – an unwelcome echo of the Libor benchmark interest rate manipulation that has already cost five banks and brokers $3.5bn in fines between them.
This was possible only because of the way so-called foreign exchange “fixes” have been calculated. Fixes – intermediated by an eclectic array of third parties, from Bloomberg and Thomson Reuters to the European Central Bank – are set by pooling the prices at which different banks are buying and selling each currency at a certain point in time.
Only a fraction of daily trades, estimated at less than 10 per cent, appear to be carried out at these rates, with the rest undertaken at rates set on a bilateral basis between banks and their clients.
But the fixes are still seen as crucial reference rates at critical points in the day. The 4pm London fix, in particular, is taken as the gospel exchange rate for a wide array of currencies.
But as the Libor scandal revealed, at great expense to the banks caught cheating, any benchmark that relies on prices from market participants is open to abuse if traders are sharp, greedy and clubby enough.
Forex fixes are at least based on real trades rather than dreamt-up price estimates; but, like the Libor market, the forex scene seems to have had more than its fair share of sharp, greedy, clubby types.
The mildest allegation is that some banks routinely pushed clients to use one reference rate when a better deal was available privately, leaving the bank with a potentially bigger profit margin.
The most serious is that chummy traders in the City of London and other financial centres would engineer deals, particularly in the run-up to the all-important 4pm fix, to pre-empt client transactions and any subsequent shift in rates.
Whatever regulators find by way of evidence, the truth is that the nature of the forex market invites criminal abuse. Any market does, whether it be in debt, gold or energy, if it relies on such cosy pricing mechanisms. So the lax market structure supplies the opportunity for the crime. And the incentive to maximise bonuses creates the motive.
There are two simple solutions. First, change the structure. It is an anachronism that, in such a technologically sophisticated world, a large chunk of forex trading still takes place on the phone.
A fully electronic market is essential and initiatives by aggregators – such as Thomson Reuters’ FXall or FTSE Cürex – to bring together data from rival fixing platforms are a useful first step. But why not go the whole hog and force forex trading on to an exchange where it is policed as closely as the equities market?
Second, get rid of the bonuses. This should be a dull utility banking service, facilitating a client’s basic need for a foreign currency. Yet in recent years the top forex traders have been among the best paid in the industry, taking home £5m or more a year in bonuses.
As in so many other areas, from punting subprime mortgages to brokering payment protection insurance, abuse was encouraged because bankers were excessively motivated to sell.
Even if such radical reforms were adopted – either voluntarily or through new global rules – the biggest banks face another humbling scandal, as regulators unearth the detail of past forex abuses and potentially impose another round of costly penalties. It will be painful for the banks but the clean-up is vital.
With any luck, the authorities might even get around to tackling those airport currency outlets and their 30 per cent spreads.