bailey2..] "Never Too Old": You are never too old to set another goal or to dream a new dream. Thought to be by C. S. Lewis
blackjon] HI all whats going on with the markets this is in a skype room Dow is at -243.10 ..they are covering this as an alert on cnn fox ect. market is totally crashing! now 245!
[FLPatriot59] Wall Street opened sharply lower Friday, with investors likely to see a decline in their portfolios, with the Dow shedding more than 250 points in midday trade.
As of 11:40 a.m. ET, the Dow Jones Industrial Average was down 263.49 points, or 1.46%, to 17,842.28, the S&P 500 lost 23.34 points, or 1.11%, to 2,081.65 and the Nasdaq dropped 72.43 points, or 1.45%, to 4,935.37. Friday's selloff has erased this week’s gains for the major indices.
Media reports are indicating the cause of indicated lower open may be attributable to news from China, as Chinese regulators will now reportedly allow fund managers to lend stocks for short selling. There is also concern about more regulatory clampdowns possible in China.
The impact of foreign currency impacted the quarter, along with the divestiture of its Friction Materials unit, and raw materials pricing in its Resins & Chemicals group.
[sandytob] FLPatriot59 One thing that I clearly remember Studley saying was that an indicator of the rv/gcr would be that the stock market would go down. I am now excited!
[FLPatriot59] sandytob And Abadi's back home. Let the games begin (again!).
johnwg49 :Loonie is suffering because of USD.
VND is growing because of the USD.
Ruble hates what USD did to them.
Japan NOT China now SO LOVES what the USD is about to do to them.
i can name three other currencies that will soon enough be effected by 12.
Hi Frank, You can name three other currencies that will soon enough be effected. Will you name those 3 currencies? Hope your trip is going great!
Frank26: LOL........ If I told You now ....... It would spoil Your dinner on MONDAY'S CC.
Bulldawgal » I never thought I would get excited with stock market black outs but.....bring 'em on!! Because I know what lies on the other side of those black outs........NEW RATES!!
And I am patiently waiting for any information gathered on what Delta shared about the Iraqi news paper values last night.....I know that when it is cooked and safe.....it will be shared.....thanks in advance!!
Shade : IMO This is not the first time this site has shown an iqd rate like this.
It's been brought up before. I don't believe it to be accurate.
Frank26: : IMO.......You are not realizing ....... This has not happened in a National Iraq Newspaper.
They lie with words but when it comes to numbers ....... They only copy and paste.
Be Strong and TY for Your opinion. KTFA Frank
Aggiedad77: Glad to hear it was not a glitch....makes for interesting times
It has moved from .9 last night to .8 today for the USD, the others remained the same
the secret: Hi Frank,Because they copy and paste numbers are you telling us that the exchange rate (.09) is correct? Thank you
Frank26: Still asking but as of right now ........ Yes.
ISX is matching. Many things are telegraphing ...... some are just bragging.
sydneysam2 : Sorry to sound ignorant, but is this a good thing with the direction the number is moving?
Frank26:This is what You want to see Friend:
.000859 to .86
Left to Right or as my TEAMS call it ...... East to West.
Highlights from DC on TNT CC Friday 4-17-15 via Adept1:
DC: Let’s hit it, east to west. We do it that way because the main part of the RV is in Iraq, and in deference to that we start in Iraq and then go west. Iraq is having a really good day.
They had a very successful week in Washington DC, and when it comes to ISIL, budget funding, and the few meetings relating to the RI/RV. Most everyone is home in Iraq. On television there, they are announcing the economic reforms are now ending and they are soon to be the richest country in the world. We have had four confirmations of that process coming to an end.
I’m amazed that has not been announced in public yet, but it will be. They are keeping to the original timelines from over a decade ago. Iraq is very much in the process now, and very excited but keeping thing under wraps.
Tony and I were both asked to be quiet, not say anything and not screw this up. We have been told to keep quiet separately, and we have not violated anyone’s trust even in telling each other. This is something new and unique and we pray to God it continues. Do not buy any more dinars, just wait it out and see what happens.
Over the last few months, the mosques have announced that this is coming through, and to pay attention to these radio stations, television, and price changes. They are starting those again for obvious reasons. Iraq is prepared to go through and has started something it would be hard to come back from.
DC: In the US, there are even more in lockdown, and they have agreed to early exchanges at 14,000 per day. That gets the process started and is a good way to get people moving through smoothly. It will help many who need it, and also help cash flow and managing the impact on the economy. Early exchanges can start any time now, and announcements have gone out to everyone we know of. Everyone is sitting on the starting line!
DC: Before we go to callers, I would like to go over one or two things. For new listeners, Tony gave a talk on Monday about some people saying he knows nothing and some thinking he gets everything, and everything in between. We are humbled by the people who are talking to us in this process, and most will not be recognized for what they are doing to help you all. Tony and I are just here to help. Some folks do like to distract us. There are four basic strands of information:
1. Straightforward, black and white truth from someone in charge of a bank, government, central bank, agency, or whatever. That is not definitive – it’s their angle on their part of the world. That doesn’t mean a central banker in Iraq will tell us the same thing as a banker in Dallas or DC. CBI might not have told their people, and the US bankers might see it on his/her screens. They are both true in their circle.
2. Some people give us half-truths, misdirecting by accident or on purpose. You have to pay attention, see what makes sense, and where that person is coming from. We have to put it in context to figure it out.
3. Some guys are really bad at putting their opinion forward as fact. Some of these people are really bright and they believe they have figured out something and then think it’s the whole truth. We get a lot of interpretation by different folks who are trying to help or influence the situation.
4. Some people are just pulling intel out of their backsides just to be part of the group, to misdirect, or just to lie. As well as misdirection, that aspect is on there.
All four pieces are important. If someone is lying to me when we know enough to grasp how and understand why they are using us. We are being lied to a daily basis by many people, and the important part is to grasp the context and understand the context. We do understand we are being manipulated sometimes, and we are grateful because we can work out what they are trying to say.
239 caller: I’ve got three easy questions, yes or no. Do you think there will be a dinar floating rate, starting at a dollar?
DC: It will start above $3 as we have said for a while, and be fixed for a time and then float but I don’t know by how much.
Caller: What about the zim – how many zeroes are coming off?
DC: Six is the latest number we have heard.
Caller: Are you interested in China’s currency?
DC: I’m always interested in currencies, but big currencies will not move quickly. They can rock back and forth but not make big moves It’s like a super-tanker, and it takes a lot to make any changes. So you should be looking at smaller countries…
310 caller: I researched and invested in currencies about two years ago. The only real information is on the internet, not the banks. When you all first go into this, what made you jump in, and what has kept you in it? What intel did you have?
DC: I was involved in the Afghan-Iraqi war from the beginning, and also I had some cargo drivers (Air Force guys) in the Kuwait war. They popped through Kuwait a few times and ended up with some money in their pockets, and they ended up making thousands of dollars. When I was in the war-planning stuff, this was mentioned then, and later on, as the plan was adjusted, I was helping out again (in a tiny way). In fact, they didn’t know that I could figure out what was going on.
I didn’t tell them because I didn’t want to get into trouble or get them into trouble, because these top-secret things are usually compartmentalized.
So I was aware from Kuwait and from the planning stages over a decade ago. I just sat there and thought then went it got past a certain time, I would invest in some. A very good friend also said, “What do you know about the Iraqi dinar?” and I said, “Quite a bit.” So that reminded me, and when I got past the time-frame when it was prohibited, I invested in some and expanded later.
When we came to this process we had a few sources each, and by now we have a humbling amount of intel form the leaders actually doing it, and of course that made our belief shoot up. Also, several friends and acquaintances have exchanged now, so…
209 caller: This is me from the smoke shop. I have one quick question. Is there any indication that the zim will increase beyond the initial RV?
DC: They will use this to get rid of the AA series and then reissue their currency. Others believe it will rise up over the period of a year, but I don’t’ have a tremendous amount of confidence in that.
Caller: They say you have exchanged but are saying you’re still here to keep us quiet, but we’re all frustrated, so it’s not working! And what’s especially frustrating is that the banks have been authorized to do early exchanges, and they haven’t called us! If they are in competition, the first one to jump in will definitely gain because there is a lot of business to be had that they are leaving on the shelf here. I am mainly talking to the bank people here! If nothing else, give us loans backed by our currency – get the ball rolling at least. To have them not jump on this early exchange process is very frustrating to me.
DC: Yes, but I see the other side as well. They have to feel comfortable with the process and it’s not locked tight yet. They have been in this insanely high state of readiness for 2-3 weeks, but they have to feel comfortable before handing out millions and billions of dollars.
347 caller: Quick question – a few weeks ago a fellow came on who had been talking to his bank manager who said for him to look for this on the 20th – close to accurate? Also, why would they do early exchanges if they are looking for the complete RI/RV over the weekend?
DC: Hindsight is 20/20. And they might do the early exchanges to get people in, make a ton of money, make sure it ramps up well, and help with security. It is very beneficial for them to do that, even if it’s just a day or two.
Caller: There have been gurus running rumors about Jack Lew’s interpretation of the exchange rate, which I think is hilarious.
DC: I don’t’ have the time to look at the internet. Jack Lew has given interviews indicating that there will be changes in currency values. Most have interpreted that as the Euro against the US dollar; the interviews yesterday took that further. When people say “Why weren’t we notified?” Lew and LeGarde will be able to say “We did give some intentional hints.” I think that is what’s been stated.
I feel comfortable with this weekend, although we have been very, very close before. Something could happen to screw this up, but it does have to go through eventually. It looks like they have taken some concrete steps to push this through to a new level, with a lot of back-slapping and attaboys and Yay for us!
574 caller: Just one question for you guys… what is the best way to give to charities and still get the tax deduction?
DC: Estate attorney’s are the best to advise you on this. I have given anonymously through a friend or through an attorney’s office. There’s a million ways to skin that…
404 caller: Lot of interesting news over the last 24 hours; how many is true? There were reports that the US Fed asked for two weeks’ delay and this was denied. China wanted the yuan as part of this, and that was refused. New members were expedited to the AIIB. In TNT chat yesterday, there were four global banks that met to agree the release of Chinese bonds. How much is true, imagination, or a mix?
DC: Going to Asia first, the AIIB is NOT part of the RV. The AIIB is like the Asian IMF with more focus on commerce. There has been tension with the US and our leadership (and majority vote) of the IMF. Some of the criticism from China is deserved and some is not. In terms of the Fed, UST or administration, well, the Fed is separate from the administration with strong, legally enforced walls between them. However, all of them are saying “let’s go!” on the RV. In terms of the other aspects of the currency systems, we believe that everyone who is listening to us with RV-colored glasses.
In terms of the international banks and the Chinese bonds, there is partial truth and partial RV-colored glasses. There were meetings yesterday and they all said GO! Some of those folks you mention were involved, some were not. They had the Go signal to start doing it themselves after a certain time.
Caller: So the ‘good idea fairies’ have been contained for now. [Appreciation]
DC: We think some processes have been started that have not been there before. It doesn’t mean this is going down for sure, but something has started that would be hard to stop. Tony and I both believe things look very good for the early exchanges as well as the official RV. It looks phenomenal and likely to have a great weekend.