Kate1951) Austin-Powers-For-PM shasta7 Okay, please what is QE3?
[Austin-Powers-For-PM] Kate1951 Third round of Quantitative Easing. Basically the Federal Reserve buys up Treasury notes en-masse and adds it to it's balance sheet. It's basically round about way of turning on the printing press and printing more money. It can (and probably will) lead to inflation and dollar devaluation in the near future.
[shasta7] Iraq, Iran, Turkey, The Briics all want to end the petro dollar... that is why most are using GOLD to buy oil from Iran... of course Iraq doesn't have to as they have their own. Why do you think we are so involved in Libyia, Syria, Egypt, & other ME countries... it is to stop them from dropping the petro dollar...
[Austin-Powers-For-PM] shasta7 And with that you are totally correct.
[SWFloridaGuy] shasta7 The problem with this "global reset" rumor is it is very vague, no details of which currencies are adjusted in which direction and absolutely no direct correlation to the IQD or any real evidence it's going to happen at all. I'll believe it when I see it. APFP is absolutely correct that Iraq must have a seated government and a power sharing agreement to ensure the success of any possible economic reforms.
[shasta7] Austin-Powers-For-PM ... agree... this is why the Kurd area is wanting to break away from the rest of Iraq... they have their act together... the other two factions are still killing each other... meaning the Sunni's & Shites
Read More Link on Right
[shasta7] SWFloridaGuy ... did you hear German is suing ECB pres Mario D ... if he impliments his NEW Bond program... which he claims will save the Euro?
[Austin-Powers-For-PM] shasta7 But without political stability in the rest of Iraq, it means nothing for the Kurds. They know (and we know) that the Iraqi Central Government isn't just going to let Kurdistan leave Iraq willy nilly. To much money inside of Kurdistan for Iraq to just let it go. That is why political stability in Iraq is such an important key for this whole thing to go down.
[SWFloridaGuy] shasta7 People try to tie absolutely everything to the IQD RV.
[Austin-Powers-For-PM] shasta7 German supreme court to rule on ESM this week. If the German court blocks it, then all the stuff Draghi did this last week goes down the drain. It should be interesting.
[Austin-Powers-For-PM] SWFloridaGuy You know how I feel. I do think there is alot more connected to the IQD RV than we think. However the idea that the IMF will move without political stability in Iraq is ludicrus.
[SWFloridaGuy] Austin-Powers-For-PM Yup same here.
[shasta7] The Derivative Markets have poisoned the whole financial system & wrecked world economies... they MUST do something to reset things... the ptb have NO answer to the problem... so they just letting countries to go over the cliff... something has to give & I think it will be something along the lines that happened in Iceland!!! lol
[shasta7] SWFloridaGuy which is wrong... this problem is 100 times larger...
[Austin-Powers-For-PM] shasta7 Where did you hear the Deutsch Mark is being used?
[shasta7] Austin-Powers-For-PM good observation & true... BUT that time is here in my opinion...
[SWFloridaGuy] Austin-Powers-For-PM Hey I like that saying. Gonna have to write that one down. :)
[Austin-Powers-For-PM] SWFloridaGuy shasta7 Hey guys, I've got to get ready for church. This has been a FANTASTIC discussion this morning, and I really appreciate both of your inputs. We'll have to do this again. :) :)
[collie] the Arab League has also come out and issued a statement condemning today's bombing in Iraq.
[SWFloridaGuy] Austin-Powers-For-PM Great seeing you as always buddy. Have fun.
[shasta7] Austin-Powers-For-PM ... here it is... one of the best articles that explains things...
[collie] Austin-Powers-For-PM have a good day and have enjoyed following this discussion. thank you.
[shasta7] look toward the bottom...
[shasta7] Ordinary Germans are already using Deutsche Marks again.
[da58] shasta7 I discussed this with jutta yesterday, relatives and friends in Gremany, her homeland..they can find NO evidence of the old currency in shops, banks, stores - anywhere..
[shasta7] da58 ... it is against the law to do this openly... they by law MUST use the euro
[shasta7] da58 ... read that article I posted... it says alot
[da58] shasta7 yes, I know...but you'd think they'd at least hear something about it...she is still calling around, trying to dig up something, from someone...
[da58] shasta7 ok, I will - and saving the link for her..
[shasta7] da58 this may help... Ordinary Germans are already using Deutsche Marks again. They do not wish to anger the Euro Royalty in Brussels, so it is keep quiet. The nation's populace was forced officially to trade in the currency for Euro bills and coins when the 2002 year began. At that time the DMark immediately ceased to be legal tender. However, that did not stop 13.2 billion in DMarks, worth EUR 6.75 billion (=US$8.3bn) from remaining tucked in mattresses, basement strongboxes, old books, coat pockets in closets, wall crevices, or in bank safety boxers.
It has begun to re-enter the circulation, according to the Bundesbank. The cash volume is more than the EuroZone's 16 other former currencies combined. From pharmacies to private shopkeepers, the DMark is honored. The Euro currency is on its last legs in Germany. As the European bond crisis rages on, as the big Euro banks teeter without end, as the bank runs pick up steam, the DMark is making a comeback, just like the Lira is in Italy.
[da58] shasta7 I had read something similar to this recently in zero hedge..and the collapse of the euro, returning to their own currencies...
[shasta7] da58 the guy who wrote that is very well known & is knowledgable... in the markets... he is also respected by many on wall street . Jim Wiley
[highhopes] Shasta7-could you post that article link again? I missed it Thanks so much
[shasta7] highhopes ... here ya go I added another as it shows we are going over the cliff... A must read... read between the lines... it tells a lot!! This is HUGE!!!! All I’ll say is be prepared & ready...
More about Morgan Stanley... really scary!! Get Your Money Out Of Morgan Stanley Fast!
[Bigdog55] shasta7 wow good article and so right get your money out of Morgan Stanley
Bigdog55] Fox News has been talking about Iraq and thier currency, folks over there not having anything and contractors not being paid thier worth
[BIGREDDOG] Bigdog55 is that on todays fox?
[Bigdog55] Bigreddog yes