Jester's Place: PART 2
[MarySunshine] Jester Is the funding of the UST what leaves the Fed out in the cold?
[Jester] MarySunshine IT IS NOT REALLY THE WAY IT WILL GO... WE OWE THAT MONEY... IT WILL GET REPLACED OVER TIME..
[ljp] Jester I follow along quite a bit, and do not know if you have addressed this. What do you think about the ZIM?
[Jester] ljp I THINK THAT IS PRETTY MUCH OUT THERE NOW... LET ME FIND SOMETHING... HOLD ON...
[Jester] TO START LET ME DROP THIS IN HERE...
[Jester] DEFINITION OF 'DEMONETIZATION' Demonetization is the act of stripping a currency unit of its status as legal tender. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be retired and replaced with a new currency unit.
[Jester] WHICH IS WHAT WILL HAPPEN WITH THE FRN... BUT THAT IS ANOTHER STORY.... WE ARE ON ZIMBABWE..
[Jester] INVESTOPEDIA EXPLAINS 'DEMONETIZATION' A recent example of demonetization occurred when the nations of the European Monetary Union adopted the euro. In order to switch to the euro, authorities first fixed exchange rates for the varied national currencies into euros. When the euro was introduced, the old national currencies were demonetized. However, the old currencies remained convertible into euros for a while so that a smooth transition through demonetization would be assured.
[Jester] SO WITH THAT SAID...
[Jester] US$1 for Z$35,000 rate for Zim dollar compensation, RBZ
[Jester] THE central bank will use the rate of one U.S. dollar to 35,000 Zimbabwe dollars as it moves to demonetize the local currency and compensate account holders who lost their savings when the government introduced multi-currencies in 2009.
[Jester] Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya told Xinhua in an interview Monday that everybody who had an account as of December 2008 would be awarded a blanket five U.S. dollars per account regardless of whether or not there was any credit in their bank balances.
[Jester] Mangudya's comments allay fears that had beset the banking public which suspected that the RBZ wanted to credit the accounts with only five U.S. dollars and disregard the balances in the accounts at the time of the introduction of the multi-currencies.
[Jester] The Confederation of Zimbabwe Industries also issued a statement recently urging the RBZ to fully compensate account holders.
[Jester] "The five U.S. dollars is the minimum but we're going to be using the United Nations rate of one U.S. dollar to 35,000 Zimbabwe dollars. We have revalued it from one U.S. dollar to 35 quadrillion dollars," Mangudya said.
[Jester] "This explains why the figure (to demonetize) has risen from the initial six million U.S. dollars to 20 million dollars," he added.
[Jester] Former Finance Minister in the inclusive government Tendai Biti had indicated that six million dollars would be required to compensate account holders affected by the abandonment of the local currency in favour of mainly the United States dollar and the South African rand.
[Jester] Other currencies acceptable in the banks are the Australian dollar, British pound sterling, Botswana pula and to a limited extent the Euro, Indian rupee, Chinese yuan and Japanese yen.
[Jester] The local currency was literally made moribund in 2009 when the government sought to arrest runway inflation which then stood at 231 million percent at the last official count, even though unofficial figures put it at 4 billion percent.
[Jester] To cope with inflation, the RBZ redenominated the Zimbabwe dollar in 2006, 2008 and 2009, with the highest being a 100 trillion dollar banknote printed on bond paper after the German company which used to supply it with the special paper stopped doing so because of economic sanctions imposed on the country.
[Jester] The central bank would also occasionally slash the zeros from the notes amid concerns from businesses that the many zeros were crashing their computer systems.
[Jester] The demonetization of the local currency will be completed by June 30, 2015, allowing many people who had stashed the Zimbabwe dollar in its various denominations to finally discard it.
[Jester] NOW... DOES THAT MAKE SENSE? LET'S BREAK THAT DOWN... FIRST OF ALL YOU ARE NOT IN ZIMBABWE... SECOND OF ALL YOU DO NOT HAVE AN ACCOUNT FROM 2008... THIRD OF ALL IT PLAINLY SAYS THEY WILL NEED $20MILLION TO GET THIS DONE... UP FROM $6MILLION... SOOO... YOU THINK THEY ARE INCLUDING YOU???
[Jester] ALL THE BS ABOUT GETTING A BAZILLION DOLLARS ON YOUR ZIMBABWE CURRENCY IS A PIPE DREAM IN MY OPINION... AND I BEEN TELLING THAT FOR A WHILE.... IT NEVER MADE SENSE FOR THEM TO REVALUE THEIR CURRENCY... WHY NOT JUST COME OUT WITH NEW? AND IT LOOKS TO ME LIKE THAT IS WHAT THEY ARE DOING...
[Jester] DOES THAT ANSWER YOUR QUESTION?
[Jester] LINK FOR THE ARTICLE BTW.... http://www.newzimbabwe.com/news-20765-US$1+for+Z$35,000+rate+for+your+trillions/news.aspx
[Jester] THAT POST WILL NOT BE POPULAR... HAHAHAHAHA
[ljp] Jester interesting. I have heard of several people buying 2008 ZIM . and someone said they are dealing with dong and dinar first, and then going into ZIM and India Rupee . yes , thanks . appreciate the info
[Jester] ljp SOMEONE THAT MIGHT HAVE BEEN INTERESTED IN SELLING YOU SOMETHING? HMMMM...
[ljp] Jester, people who have it and figure that they are going to trade it in
[ifly] Jester confirmation bias make sheeple in dinar land think that article is good news for those holding zim wallpaper
[Jester] ifly WELL... I AM NOT REALLY READING IT THAT WAY... THAT IS WHY I PUT THE DEFINITION OF DEMONETIZE IN FIRST...
[Jester] BUT IT IS NOT INTERNATIONAL... AND THEY ARE DEMONETIZING IT... MAYBE YOU CAN GET A FEW BUCK IF YOU FLY OVER THERE... BUT IS IT WORTH IT?
[ifly] I got it if you had a bank account in 08-09 you get $5us. Wow I'm impressed!
[Jester] ifly THAT IS AN ACCOUNT WITH NOTHING IN IT... BUT THE WHOLE ENTIRE SYSTEM WILL ONLY TAKE $20MILLION TO REPLACE.. NOT MUCH IF YOU LIKE MY OPINION....
[ifly] Jester, what up w Langley?
[Jester] ifly WHAT ABOUT IT... NOTHING MORE TO TELL... CLEANED UP...
[Jester] THAT IS WHAT I AM TOLD ANYWAY...
[tallpines] Jester Nice...
[ifly] Um, of what? Rogue CIA agents? Carpets were dirty? Idk what you mean by cleaned up, sorry to not get it.
[Jester] ifly SERIOUSLY? SO... WHAT DO YOU KNOW ABOUT LANGLEY?
[ifly] Its a town in va with big building with 3 letters on it.
[Jester] YOU HAVE ANY IDEA WHAT THEY DO?
[ModelWoman] Jester Economic Hitmen
[Jester] ModelWoman AHA! GOOD THINKING!
[tallpines] Jester but way more than that
[ifly] Not trying to be stupid but I read Willie & Benji say it raided. Others said a protest group or carpets being cleaned.I skeptic
[MotoXR] Jester collect data/info infiltrate and use our money to do it
[Jester] ifly WELL DO YOU REALLY THINK I WOULD BE MAKING A POINT OF TELLING YOU THEY WERE CLEANING THE CARPET... SERIOUSLY?
[ifly] You meant me I presume. GREAT NEWS!!!!!
[ifly] When I brought it from Fulford about Langley raided you dismissed it. Hence my confusion.
[Jester] ifly I DO NOT DO FULFORD... HE IS RARELY CORRECT ON FOLLOW THROUGH... THAT WAS THE ISSUE.. NOT THAT YOU DID IT...
[Jester] SOOOO... ANY OTHER QUESTIONS?
[MotoXR] Jester I have an off the wall ? Iv'e been pondering over can i ask?
[Jester] MotoXR SURE...
[MotoXR] Jester, Thanks Most of us now work for a Company and have or pay for our Health Insurance, Once we all leave what do you recommend doing for health care Many of my friends you buy it on their own are getting cancelled Wondered if anyone has some kind of group health for coverage to join??
[MotoXR] Jester O-care i dont want lol.
[Jester] MotoXR I DON'T KNOW... I HAVE MY OWN INSURANCE... NO ONE HAS TRIED TO CANCEL ME...
[MotoXR] Jester Ok just thought I'd run it by you might be a Ca. thing
[Jester] THEORETICALLY IT WILL GET UNDONE... BUT THAT IS ANOTHER STORY... BUT YOU WILL HAVE MONEY TO BUY YOUR OWN... SO WHAT IS THE BIG DEAL?
[MotoXR] Jester True I just have a lot of friends who have been getting cancellation notices and having to go the way of O'care
[Jester] MotoXR WELL I DON'T KNOW WHY THAT WOULD BE... MUST BE A REASON...
[MotoXR] Jester Thank you, i just wanted to ask I dont want to take time away from other important topics
[Jester] OKAY... 20 MINUTES... AND YOU GUYS DID NOT ASK THE QUESTIONS YOU NEEDED TO ASK YET... HAHAHAHAHA
[pokerbrat] Jester can I get my money back on my Zim?
[Jester] pokerbrat YOU LOST THAT HAND... IT WAS A BLUFF.... HAHAHAHA
[chuck60] Jester Regarding the "possibility" you mentioned last night before the whiteout, when do you think you will know if that could become a reality? Thanks.
[Jester] chuck60 I DO NOT... AND THERE IS NOTHING MORE TO BE SAID ABOUT IT UNLESS IT HAPPENS.... ASKING IS NOT GOING TO MAKE IT HAPPEN...
[LdyFaith] Jester,,, I came in last,,,, any news from HP
[Jester] LdyFaith READ THE EARLIER POST... THAT QUESTION STARTED A 30 MINUTE DISCUSSION.... HAHAHAHHA
[Jester] GIVE YOU A HINT... WE TALKED ABOUT THE BUDGET AND WHAT THE HOLD UP WAS...
Earlier Post: http://www.dinarrecaps.com/our-blog/thursday-night-jester-chat-iraq-frns-trns-usns-and-more
[PollyP] Kurds not happy
[SoldierofChrist] Jester you gave us a lot of positive news and the Republic is looking strong, this chess game seems like all the the cabal is pinned to a corner
[lady luck] Are the Kurds happy now?
[LdyFaith] Jester,,, any news with the budget
[SoldierofChrist] Jester for once the delay was not them lol
[diditrvyeet] Jester the hold up was a stall tactic right
[Jester] HAHAHAHA.... TOO FUNNY... SHEESH... ONE DAY YOU WILL FOLLOW ALONG... I GAVE YOU THE ROAD MAP... FIGURE OUT WHAT HAPPENED... WHAT IS GOING ON NOW... WHAT IS UP NEXT...
[Jester] diditrvyeet NO THAT WAS PROBABLY REAL... I THINK SOMEONE GOT CAUGHT WITH THEIR PANTS DOWN ON THAT ONE...
[Jester] OKAY... WHAT HAPPENED... THE KURDS WERE TICKED THEIR NUMBER WAS NOT RIGHT... ONE THEORY BUT THE ONE I LEAN TOWARDS... MEETING HELD... ALL STRAIGHTENED OUT....
[Jester] WHAT IS GOING ON NOW... THE KURDS ARE HAPPY WITH THE AGREEMENT... THEY GET PAID...
[Hoosier Girl] Jester So that leads to in country RI/RV
[Jester] WHAT IS GOING TO HAPPEN NEXT... THE BUDGET GETS PUT IN ON SUNDAY... ALL IS WELL...
[LH] Jester you said the kurds were trying to pull a fast one
[Jester] LH THE OTHER THEORY I AM NOT LEANING TOWARD...
[Jester] YOU GUYS SERIOUSLY NEED TO READ THAT STUFF CLOSER...
[Sandhaul] Jester, TRN gets announced.
[PollyP] jester, when we see the budget we'll know
[Jester] SO YOU ALL HAPPY WITH THAT SET OF STATEMENTS? ACCORDING TO THE LAYOUT I GAVE YOU?
[MarySunshine] I am
[Jester] SOMEONE BE SMART... READ IT AGAIN... HAHAHAHAHA
[Jester] I AM TRYING TO TEACH YOU HOW TO QUESTION WHAT YOU SEE...
[SoldierofChrist] Jester it seems like this Sunday is another window which we have to be once again cautiously optimistic
[Jester] SoldierofChrist IT IS NOT THAT CLEAR... A COMPLETELY UNCONFIRMED STATEMENT LURKS IN THAT SET OF STATEMENTS....
[Jester] DO NOT THINK PAST WHAT I WROTE.... READ IT AGAIN...
[Jmk47] How are Kurds getting paid
[Jester] Jmk47 VERY GOOD.... THANK YOU SO MUCH.... HUGS AND KISSES AND STUFF....
[lady luck] I got a text today that said the kurds got paid today...no link sorry
[Jester] lady luck AND THAT TEXT IS TRUE FROM WHAT I AM TOLD...
[diditrvyeet] Jester HCL?
[Hannah] Kurds happy w/ agreement, budget printed, then they get paid.
[Jester] BY READING WHAT YOU SEE AND NOT OVER THINKING IT... NOT JUMPING AHEAD AND MISSING THE ACTUAL INFORMATION....
[MarySunshine] Jester Soooooo... they get paid in IQD? The Kurds I mean
[Jester] EVERYONE IS WRONG BUT Jmk47
[getch59] Jester Kurds cannot be paid without RI
[Jester] getch59 REALLY?
[dinarrocks] Jester Paid at 1166 OR, will it be the new rate?
[Jester] YOU SURE?
[getch59] Jester not without a reinstated currency with value....not at the 1166
[pokerbrat] HAPPYDANCE for Jmk47
[Jester] ASK YOURSELF THIS... WHAT IS CHEAPER... PAYING THEM THE RI AMOUNT AHEAD OF TIME AND LETTING THEM RI INTO THE AMOUNT OWED? OR PAYING THEM AFTER THE FACT?
[tallpines] Jester prior
[Jester] tallpines YES...
[Jester] SO THERE YOU HAVE THE MISSING PIECE... HAHAHAHAHA
[Jester] NOW... WHAT IS THE OTHER MISSING PIECE NOW?
[tallpines] Jester back to the TRN
[dinarrocks] Jester HCL?
[pokerbrat] The TRN's
[Truth] Jester how did they get paid?
[texas1837] Jester looks like the puzzle is pretty much put together
[Jester] tallpines GOOD DEAL... CLOSE ENOUGH...
[Jester] FOR THEM TO BE HAPPY WITH THAT ARRANGEMENT... KNOWING THEY LIKE TO GET PAID THE AMOUNT OWED THEM... NOT THE SMALLER PRE-RI AMOUNT... YOU THINK THEY MIGHT EXPECT THINGS TO HAPPEN QUICKLY?
[Jester] WE ARE EXTENDED UNTIL WE FINISH THIS...
[Jester] SO... I BEEN TRYING TO EXPLAIN ALL NIGHT HOW WE DO WHAT WE ARE DOING WHAT WE ARE DOING ON OUR END... SO YOU WILL UNDERSTAND THE THOUGHT PROCESSES INVOLVED
[nancy] Jester this is goood stuff
[Jester] ARE YOU STARTING TO UNDERSTAND NOW?
[Jester] ARE YOU UNDERSTANDING INDICATORS BETTER NOW?
[lady luck] yes
[Hannah] Jester at long last, haha
[pokerbrat] Si Iraq = indicators
[diditrvyeet] Jester just a compliment that i noticed you are working hard to communicate better with us, coming down to our level ty
[dinarrocks] I'm getting there at my snaillllls pace!
[LH] Jester well beginning to, definitely have to pay closer attention to things
[Hannah] Jester I would expect there was a deadline placed on their expectations to have things "happen quickly"?
[Jester] diditrvyeet WELL IT HAS BEEN A FRUSTRATION LATELY THAT I HAVE NOT BEEN ABLE TO GET MY POINT ACROSS... SO YES... THAT IS WHAT I AM ATTEMPTING TO DO...
[getch59] Jester without indicators there is no way to ascertain next steps
[Jester] BUT I AM TRYING TO ALSO BUMP YOU UP TO THIS LEVEL TOO... DO NOT BE FOOLED... I WILL NOT BE HERE TO SPOON FEED YOU AFTER THIS IF DONE... YOU MUST LEARN TO THINK LIKE THIS IS YOU INTEND TO BE AND STAY RICH...
[diditrvyeet] Jester i should say my level as others get it much quicker than me but i am not far behind
[nancy] Jester just remember you are teaching 1st graders lol
[Jester] nancy YOU CANNOT AFFORD THAT KIND OF THINKING... YOU MUST GRAB YOURSELF BY THE BOOTSTRAPS AND PULL YOURSELF UP...
[Jester] IT IS IMPERATIVE THAT YOU LEARN TO THINK LIKE THIS SO YOU CAN PROTECT YOURSELF...
[nancy] dinarrocks you might be I just graduated
[texas1837] Jester agreement - check - today, gazette - check - Sunday , CR - check - soon afterwards
[Jester] texas1837 NOW I AM NOT HERE TO TELL YOU THAT WE ARE THERE... BUT I THINK WE MAY BE...
[nancy] Jester that is one of my biggest concern
[dinarrocks] Jester It still can be mind-boggling, and as far as indicators go, it seems that one indicator opens up a window to show us another indicator that we had not thought of, and it goes on and on.
[Jester] IF NOTHING GETS FUBAR.. ALL THE INDICATIONS ARE THINGS ARE GOING THE RIGHT DIRECTION...
[pokerbrat] Sheeeet HAPPYDANCE
[Hannah] Jester No more fubars!!!
[nano59] Jester my boot straps say we are!
[Jester] AND KEEP IN MIND WE HAVE BEEN TALKING ABOUT THIS ONE OR TWO SCENARIOS ALL NIGHT... AND THERE ARE MANY OTHER FACTORS...
[Jmk47] All to happen at or around end of Chinese new year
[Jester] THE MAIN THING IS YOU GUYS HAVE TO THINK FOR YOURSELVES.... GET OUT OF ALL THE STUPID DINAR LAND BS AND GET EDUCATED QUICKLY... GET THE RIGHT HELP... PROFESSIONALS... THAT IS MY ADVICE TO YOU AND WHAT I AM TRYING TO ACHIEVE...
[diditrvyeet] Jester when a person signs an nda and we have our financial and tax advisors, do we make them sign a nda also or how does that work if you can share
[SoldierofChrist] Jester we have the tools and knowledge to do our research and not be had
[Jester] diditrvyeet YOU CAN TRY THAT IF YOU LIKE... BUT DON'T BE PARANOID EITHER... RICH PEOPLE WORK THIS ALL THE TIME... AND I DOUBT THEY HAVE ANYONE TO SIGN AN NDA...
OKAY.... TIME TO GO NOW... SEE YOU GUYS TOMORROW....