REPOST: Beams: Here's why April 1 is IMPORTANT
lol..lol...BYE..BYE..BANKSTERS...NOW I SEE WHAT APRIL 1 IS THE TARGET DATE >>>>If you were wondering why the Big Banks were fighting so hard against The Volcker Rule over the past 5 years you are about to find out. As of Tuesday, April 1, 2014, the rule goes into effect.
OCC: Volcker Rule: Final Regulations
Highlights The final regulations
prohibit banks from engaging in short-term proprietary trading of certain securities, derivatives commodity futures, and options on these instruments for their own accounts.
impose limits on banks' investments in, and other relationships with, hedge funds and private equity funds.
provide exemptions for certain activities, including market making-related activities, underwriting, risk-mitigating hedging, trading in government obligations, insurance company activities, and organizing and offering hedge funds and private equity funds.
clarify that certain activities are not prohibited, including acting as agent, broker, or custodian.
scale compliance requirements based on the size of the bank and the scope of the activities. Larger banks are required to establish detailed compliance programs and their chief executive officers must attest to the OCC that the bank's programs are reasonably designed to achieve compliance with the final regulations. Smaller banks engaged in modest activities are subject to a simplified compliance program.
*Note: The banks don't have to be fully compliant until July 2015 so expect a wild shakeout between now and then as they try to rid themselves of TRILLIONS of DOLLARS worth of non-compliant derivatives. It won't take that long as big banks have a tendency to EAT THEIR OWN when it comes to their own survival!
So what do all these restriction do?
Well, history has shown that you can't have an unbacked fiat monetary system without controlling the prices of some key commodities and monetary instruments. Gold, silver, oil and the USD are the main ones.
That's where market rigging with computers and derivatives came into play in the 1970's. That is why the top 5 banks (JPM, Citi, BofA, Goldman & Morgan Stanley) hold over $295 TRILLION in derivatives!
It is the ONLY reason that the unbacked system is still viable. This unbacked system has lasted over 40 years after breaking all ties with gold...an unprecedented record in monetary history and only made possible by the computer market rigging programs written in the 1960's by Alan Greenspan.
Greenspan's Golden Secret
Ultimately, the game must end as it was always the plan to run the unbacked system as long and hard as possible before returning to a true Gold Standard.
That time has come.
May the Road you choose be the Right Road.
OCC: Volcker Rule: Final Regulations
The final regulations to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker Rule, were published in the Federal Register on January 31, 2014, and become effective on April 1, 2014.
Blessed1: NBC And Mad money doing that all weekend Mad Money Cramer said he's confused because something is happening that he doesn't know about!
1Bethany: Blessed1 missed what you were speaking about. Cnbc was saying what?
Blessed1: 1Bethany. CNCB has been reporting on currencies all weekend. On Friday Jim Cramer from Mad Money said something was going on with the world currencies and he wanted someone to call and tell him because he'd said he was confused.
Nurseginger : and yes cramer is confused
Re: ...about the Poofness newsletter...
In Response To: ...about the Poofness newsletter... (hobie)
Hi, Folks - Word just in from Susan, who's still waiting for ZAP's portion of the newsletter. Looks now like it'll be Monday morning.
Topic: The measure of who we are is what we do with what we have. Vince Lombardi
torch123 » March 31st, 2014,
This was a pretty eye opening clip of the Stock Market and the automated trading platforms on 60 minutes last night.....I will post the link and then try to have it so it plays as well......(good luck to me?)
Is the U.S. stock market rigged?
March 30, 2014, 7:24 PM|Steve Kroft reports on a new book from Michael Lewis, "Flash Boys," that reveals how a group of unlikely characters discovered how some high speed traders work the stock market to their advantage.
Frank26 wrote on March 30th, 2014, 7:32 pm:Greetings Family :
I just talked and prayed with Randy.
He is better ........... More test tomorrow as he spends the night at the hospital.
Emailed to Recaps:
DebTarHeelGirl: Be reminded of God's love and HIS divine plan is for you to PROSPER and be in health as your soul prospers amen!
Hang on the rumblings of our SUDDENLY is exciting!! KEEP YOUR FAITH HIGH and be ready!!! Glenn Jackson
March 31st 2014
"Redeeming the time" MUST be first and foremost in every one of My children's thinking each day. Diligence [obedience]on their part in this area will MOST CERTAINLY lead to a "series of suddenlies" in their life on every front in the glorious days just ahead.
SMALL STRAWS IN A SOFT WIND by MARSHA BURNS:
Go up! And, as you ascend, things will rapidly begin to change as the chains of the past are broken. Freedom will come when you defeat the powers of darkness that have established strongholds in your life. Then, old bondages will never be able to hold you again.
This is a new day, a new time, and a new season in which you can experience great freedom, says the Lord. Galatians 5:1 Stand fast therefore in the liberty by which Christ has made us free, and do not be entangled again with a yoke of bondage.
March 31, 2014. This too shall pass. Think back over the times which were hard and you had real reasons for worry. Didn't these pass? When you succumbed to worry, did it help? No, not one iota.
All the worry did was to cause you to feel depressed. So why worry now? It won't help any more now than it did then. Beloved, tell Me the problem. Tell Me and leave it with Me. Then thank Me. I am the one who can cause good events to happen and bring change.
Philippians 4:6-7 "Don't worry about anything; instead, pray about everything. Tell God what you need, and thank him for all he has done. Then you will experience God's peace, which exceeds anything we can understand. His peace will guard your hearts and minds as you live in Christ Jesus." Bev Robinson