Thanks My Ladies For Letting us Share from your private Chatroom today:
MY LADIES: HERE IS THE BEGINNING OF THE END.... WHAT IS GREECE SAYING HERE???
MK: Greece Invokes Nuclear Option: Tsipras Calls For Referendum
AW: Maybe they are all going to flee to Argentina the same as the Germans did after WWII.................lol
MY LADIES: THAT WAS A LEGIT QUESTION....CAN ANYONE ANSWER?
AW: Seriously,.............they are trying to pass the buck/decision onto the public. The PM doesn't want to make the difficult decision...............have the public decide.
MY LADIES: I'M TALKING TO NOVA NOW... WE ARE TOSSING THIS AROUND RIGHT NOW...GOOD ANSWER ALAN...BUT WHAT ELSE
MY LADIES: THEY ARE GOING TO HAVE A REFERANDUM ON THE 5TH OF JULY RIGHT???
AW: Are you kidding me???????????? to call for a referendum on July 5 so that Greek citizens can decide whether to accept or reject the terms of a bailout deal proposed by the country’s creditors.
MY LADIES: SO BASICALLY HE JUST ANNOUNCED THEY ARE DEFAULTING ON THE 30TH RIGHT???
HE BASICALLY SAID WE ARE NOT DOING ANYTHING UNTIL AFTER JULY 5TH RIGHT???
JP: I was in Greece right before they went on the Euro and the people everywhere were complaining about it way back when so do you really think that the populous wants to stay with the EU?
AW: Due on Tuesday
MY LADIES: IN THE STREETS RIGHT NOW THERE ARE LINES AND LINES OF PEOPLE AT ATM'S..IT IS 330 IN THE MORNING THERE
AW: Voting with their ATM cards.....................LOL
JP: and if they take out all those euros, they'll be worthless should they decide to leave the EU
MY LADIES: THEY ANNOUNCED THIS REFERENDUM RIGHT AFTER THE MARKETS CLOSED FRIDAY.
NO JP…THEY ARE PULLING MONEY OUT...LOL.. NOT IF THEY EXCHANGE THEM INTO GREEN BACK
JP: if they'll be able to
MY LADIES: YES THEY WILL BE ABLE TO…..SO LOOK THIS IS WHAT WE HAVE BEEN WAITING FOR
AW: Lookout come Monday.....WOW!!!
AW: Watch.........Germany returns to the Mark
JP: and why go to Argentina ... isn't that next to fail? or am I thinking of another country
MY LADIES: ALL WE CAN DO IS FASTEN OUR SEATBELTS AND WATCH...BUT THIS IS THE BEGINNING OF THE SHIFT WE HAVE BEEN WAITING FOR.
AW: I was just kidding about the Greek PM wanting to get out of town.......
MY LADIES: ARGENTINA?????? ARGENTINA IS ON LIFE SUPPORT… WHO'S NEXT?? PORTUGAL?? SPAIN???
MY LADIES: GREECE WILL COME TO THE NEW SETTLEMENT SYSTEM, THEY WILL USE THEIR OWN CURRENCY, AND THEY WILL CREATE A BANK THAT IS PLUGGED INTO BRICS
BRO: THEY, GREECE, HAS CHINA AND RUSSIA IN THEIR HIP POCKET....I HAVE BEEN TOLD
JPL it seems as if "they're" going to let them fall to bring them back up… then they'll have to dig into their pockets and exchange the dinar to settle their account
MY LADIES: IT'S NOT ABOUT THE MONEY, IT'S ABOUT THE TERMS AND THE LEGALITY OF THE DEBT FROM THE BEGINNING
LISA: "This is the shift we've all been waiting for......" That has a nice ring to it, ML! But, my heart goes out to the citizens of Greece. I can only imagine what these people they're feeling as they stand in the ATM line in the middle of the night.
MY LADIES: IN THE END THE PEOPLE OF GREECE WILL BE BETTER OFF, AND THIS IMAGE WILL REPEAT ALL ACROSS THE EURO ZONE
Lisa: Yes, they have to pass through the eye of the needle to get to the other side!
MY LADIES: HEY NOVA ARE YOU AROUND???*
[7:54 AM] Princess DD: <<< 57 countries to sign China-led Bank charter on Monday
LOOK WHAT THEY HAVE TO DO HERE... SO IT APPEARS IRAQ IS AHEAD OF THE CURVE...
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
MY LADIES: SO LOOK WHAT THEY'RE SAYING HERE... VERY VERY GOOD TO SEE OUR THOUGHTS IN WRITING.
China, with $4 trillion in foreign exchange reserves, is pushing for the growth of its own multilateral bodies, including the AIIB, the BRICS Bank and a bank for the Shanghai Cooperation Organization, but also seeking to strengthen its voice at the World Bank and the International Monetary Fund.
MY LADIES: NOVA LOOK HERE, I THINK WE MAY HAVE UNDERESTIMATED WHERE THE COUNTRIES STAND. I THINK CHINA CAN RATIFY THE BANK IN TIME FOR THE 7TH.
Chinese Parliament initiates process to ratify BRICS Bank
The Chinese Parliament will ratify the Bank in the next step, said Chinese Vice Finance Minister Shi Yaobin in Beijing on Wednesday.
India, Brazil, South Africa and Russia have already ratified the Bank.
The BRICS New Development Bank will be launched at the first session of its Board of Governors in Moscow on 7 July, Russian officials have confirmed.
MY LADIES: READ THIS PARAGRAPH TWICE SLOW....SOUND FAMILIAR???
BRICS leaders also announced the establishment of the BRICS Contingent Reserve Arrangement, a 100-billion-dollar fund from which the BRICS member countries will be allowed to draw funds when going through a crisis.
Brazil’s envoy to the IMF and newly announced BRICS Bank Vice President , Paulo Nogueirga Batista, said at the BRICS Business forum last week in Russia that the BRICS are “not fully satisfied with the international financial architecture, not fully satisfied with the role that our countries are allowed to have at the IMF and the World Bank”.
“Our countries are very active in IMF….We work together at the IMF… Despite this active involvement in the Washington institutions, our countries have begun to realize that we need to do our own thing,” said Batista.
MY LADIES: NOVA I THINK THIS PROCESS IS FURTHER ALONG THAN WE ARE SEEING.
HERE READ THE WHOLE ARTICLE, I ONLY PUT HIGH LIGHTS
MY LADIES: THEY NEED TO DO THEIR OWN THING...
PrincessDD: Does that mean earlier in July rather than later?
MY LADIES: NO NO NO NO...NOT TALKING ABOUT THE DINAR AT ALL
PrincessDD; oh just the banking system being switched on?
Mboweni heads for Brics bank
MY LADIES: RIGHT...AND THE FORMATION OF IT, WE ARE SEEING A BIT MORE OF IT EVERY DAY.
Sager: If everything is moving faster than estimated, the it's safe to assume that Iraq may also start trading internationally faster too. But regardless, things are on track! :)
MY LADIES: NO NO NO NO NO ASSUMPTIONS…. I'M TALKING ABOUT THE BANKING SYSTEM
PrincessDD: Banking system must be in place first then Mary?
MY LADIES: YES BANKING SYSTEM FIRST
YOU MAKE SURE YOU HAVE A LIFE RAFT IN THE WATER BEFORE YOU SHOOT A HOLE ON THE BOAT RIGHT???
SO NEW SYSTEM IN PLACE,,, AND IT MOSTLY IS ALREADY, FOLLOWED BY THE BREAKING OF THE OLD
I AM STILL THINKING JULY...BUT WHAT I'M SAYING IS THE CHAT TODAY IS ABOUT THE BANKING SYSTEM BEING FURTHER ALONG THAN NOVA AND I THOUGHT
NOT THE EXCELERATION OF THE DINAR TRADING.
THAT I'M SURE WILL BE STILL BE IIN JULY SOMETIME.
IQD NOVA: AGREED ML!!! EVERYONE NEEDS TO HOLD ON TIGHT ITS GOING TO MOVE FAST.
MY LADIES: NOVA IT SEEMS LIKE NOT JUST RUSSIA BUT ALL THE OTHERS ARE ALREADY RATIFIED
CHINA WILL DO THEIRS THIS WEEK
SO THE 7TH WILL BE MORE THAN JUST RUSSIA
MY LADIES: SO LOOK NOVA WHAT DID WE TALK ABOUT LAST NIGHT WITH REGARDS TO MONDAY
"We heard some rumours that the banks will not be giving any money from Monday," one man told the BBC's Anna Holligan
One bank has imposed withdrawal limits of €3,000 per account, and many ATMs have handwritten "empty" signs on them.
I visited half a dozen bank branches in the city centre, where the demand for withdrawals was so strong that customers were given a ticket number, and told to come back in a few hours.
One man told me he was 170th in line. "The game is over," Peter, one of those queuing, told me. "Greece is going into uncharted waters, and the banks will be closed on Monday , I suspect."
IQD NOVA: NOT SINCE 1929..........
MY LADIES: THIS IS A REALITY NOW...I WILL TOUCH BASE TODAY WITH JP GUY AND SEE IF THERE IS ANY MORE NEWS ON EURO..
BUT MAYBE WE WILL SEE IT HERE THE MONDAY AFTER THE HOLIDAY IF IT EVEN GOES THAT LONG
WHAT DO YOU THINK??
IQD NOVA: TO HARD TO TRY AND PREDICTED FOR ME. THAT'S WHY I SAY JUST HOLD ON AND RIDE IT OUT!!!!
MY LADIES: AND LOOK AT THE GRUMBLING IN THE EUROZONE NOW
BBC economics editor Robert Peston said that if the European Central Bank continued its emergency support, some members of its governing council feared it would be breaking all central banking rules .
MY LADIES: BREAKING CENTRAL BANK RULES WILL ONLY BE TOLERATED IN THE SHORT TERM...
I THINK THIS IS THE BREAK IN THE SYSTEM WE WERE LOOKING FOR.
MY LADIES: WELL THE LIFE BOAT IS BEING LOWERED IN TO THE WATER..VERY SOON IT WILL BE SAFE TO SHOOT HOLES IN THE BOTTOM OF THE BOAT!!
BUCKLE UP THIS WILL SPREAD FAST FAST..
SSS: Mary, with all that's going on, do you think it's probable that Iran will be released from sanctions in July? What might it mean to us if they are not released at this time?
MY LADIES: THEY WILL BE RELEASED, THERE IS TOO MUCH MONEY ON THE TABLE, THEY MAY STILL HAVE SOME SANCTIONS, HUMANAITARIAN AND SUCH BUT THEY WILL GET THEIR CURRENCY BACK
MY LADIES: WELL GERMANY MAY HAVE ENOUGH NOW!!
Germany says surprise Greek referendum plan shuts door on negotiations
Germany has all but buried negotiations to keep Greece from default, saying a surprise decision by Greek Prime Minister Alexis Tsipras to call a referendum had left nothing to discuss but how to cope with failure .
IQD NOVA: READ IT!! Greek bailout program will expire on Tuesday as talks fall apart http://www.cnbc.com/id/102791542
PrincessDD: So expiration on Tuesday! Hmmm. What a coincidence
PrincessDD: An Euro Exchange Rate Game-Changer as Greece Goes to the Polls
“In sum, a very significant period of uncertainty has now been initiated. The question of Greece's Eurozone membership has been officially opened.”
Those watching the currency markets with euro-related payments are about to enter a period of extreme volatility as the Greek crisis finally reaches a critical point.
The market has largely priced into current euro levels the prospect of a deal being reached but developments took a dramatic turn after markets closed on Friday.
Speaking a little after midnight on national television, the Greek Prime Minister announced that a referendum is going to take place in Greece on Sunday 5th of July.
The vote is widely seen to be a referendum on Greece’s membership of the euro.
euro exchange rate crunch Tsipras“In sum, a very significant period of uncertainty has now been initiated. The question of Greece's Eurozone membership has been officially opened,” says George Saravelos at Deutsche Bank.
From a currency perspective we believe this will ignite significant volatility into the euro exchange rate complex as markets hate uncertainty.
PrincessDD: Greeks Line Up at Banks and Drain ATMs as Tsipras Calls Vote
SSS: Greece must've seen the Go Daddy commercial on TV where that lady goes around telling everyone she knows to "STICK IT" :D