AdminBill: I WILL MAKE THIS SHORT AND SWEET.
ALL INDICATORS POINT FOR THIS TO BE DONE BEFORE JULY 8TH WITH A KEEN EYE ON THE 3RD.
I HAVE BEEN PRIVY TO CALLS AND INFORMATION THAT HAS BEEN ENLIGHTENING AND FRUSTRATING YET VERY POSITIVE IN THE SHORT RUN.
MANY VERY, VERY SENIOR LEADERS OF FINANCE AND POLITICS BELIEVE THE CURTAIN IS READY TO COME DOWN AND THE FAT LADY IS ABOUT TO SING.
ColoradoGurl: PUERTO RICO DEFAULTS W TRILLIONS OWED ON JULY 1ST
THE PUERTO RICO DEBT - BIGGER THAN ALL THE STATES COMBINED DEBT.... NOW IT'S IN THE TRILLIONS......
1 YEAR OLD BUT DETAILS ARE IMP: http://theeconomiccollapseblog.com/archives/why-the-puerto-rico-debt-crisis-is-such-a-huge-threat-to-the-u-s-financial-system
Cornerstone: SO IS PR NOW THE NEW TRIGGER?
OldDad: A lot of triggers now.
ColoradoGurl: YES, WELL SAID - OLD DAD!!! A LOT OF TRIGGERS NOW - AND THEY ARE GETTING BIGGER AND BIGGER!!! YES, IT SEEMS LIKE MANY TRIGGERS. WE NEED JUST ONE FINAL ONE...
Cornerstone: CO, YES. THE CAN HAS STILL BEEN KICKED DOWN THE ROAD WITH EACH PAST TRIGGER, JUST HOPING ONE CAN IS BIG ENOUGH THAT IT CAN'T BE KICKED ANYMORE
Tre: Good Evening Everyone....Hope all is well I just got an email that a Bill was just passed for Puerto Rico by the name of PROMESA....Please go to Speaker Paul Ryan website or
VOX Sentences... PROMESA stands for....Puerto Rico Oversight Management & Economic Stability Act.....They have been saved
Cornerstone: SO WHY HAVE THIS PROMESA BILL WHEN THE TRUE RESCUE WITH THE RV IS RIGHT THERE FOR THE TAKING? JUST DO THAT INSTEAD! :)
OldDad: The govenor of PR says it doesn't matter.
BeagleEyes: Who asked why the banks were buying back their stocks this morning?
Cornerstone: BEAGLE, WHAT ARE YOUR THOUGHTS ON THE BANK'S STOCKS?
Beagleeyes: Cornerstone: Well by buying back their stocks they increase the banks value and they then increased the dividends to the share holders. You think they are getting ready to bail from the sinking ship? Those move actually represent executive compensations
CornerStone: BEAGLE, SO, DOES THIS MAKE SENSE IN LIGHT OF AN IMPENDING RV?
BeagleEyes: Cornerstone: It definitely makes sence of what was happening today in the market. Also, remember there is 11.7 Trillion in Bonds that are coming due on Friday. IF we don't RV by the 1st...it will be a really BIG mess
LIA: MAY I JUMP IN HERE FOR JUST A MOMENT? AM ON THE PHONE, BUT A QUESTION FOR YOU BEAGLE, SWEETIE, WHERE ARE THE BANKS GOING TO GET THAT MONEY TO BY BACK STOCKS, LET ALONE ANYTHING ELSE? AS I UNDERSTAND IT, EVEN THE IMF IS BROKE. WHERE IS THAT COMING FROM? AND DO YOU REALLY BELIEVE THEY INTEND TO 'INCREASE SHAREHOLDERS DIVIDENDS? IF SO, I WANT SOME OF THAT STOCK TODAY.
Zaob: LIA prob from the same place they are getting the money to bail PR out
Dr.Mark: The articles I have re: the bank buy backs states they are "capable" of doing a share buy back based on their recent stress tests however the big point is that Deutsche and Santander did not make the cut....
Dr. Mark: ok. I wll make this quick and simple: 2 very smart people, both highly intelligent have spoken today with the same dates and time frames. What makes this unique is one has direct contact the other has international intelligence and historical persspective not to mention strong market knowledge. Therefore, very strong indicators for....next week! One with direct knowledge and the other looking at world events, market activities/trends and sees the same picture with congruent lines----strong evidence in my mind!
Tex2007: 11.7 trillion bonds are screwed? How?
OldDad: Tex they r tied to derivatives
Dr. Mark: Negative interest bonds............wow, there will be a line up of people to buy those! However, I wouldln't be surprised if they were purchased thru dark pools/shadow banking but we will see!
Healthnut: Why would anyone buy negative interest bonds, where the best you can do is lose money?
Toolfan04: tex once a bond goes into neg interest.....nobody is going to buy them, sit on them for 10 years or so and be guranteed a loss.....not good investment strategy.....they become junk and a loss.....just happens a 11.7 trillion dollar loss.....the bond market cant live and has to collapse over it
KTFA Wednesday Night Conference Call
Approx.100 minutes long
The first part is Business Promo and the second part is Dinar/Iraq Intel
PLAYBACK # : 641.715.3639 PIN: 156996#