FRIDAY INTEL UPDATE!!! Posted by EXOGEN on October 31, 2014 at 4:06am
Guesses to Exogens Picture Intel/Clues
Ranger4564 > EXOGEN October 31, 2014 at 7:29am Gold and Silver free falling, Beverly predicting deflation... it's a great time to introduce everyone to their ABC's... Enter the Asset Backed Currencies... in with the New out with the Old... same game, different model.
Vinman October 31, 2014 at 8:03am
Gold and silver are free falling like a rock...or an elephant if you prefer
Hang on....we're almost there!
They're making room for the entry of the new asset-backed currency.
And a transition from the old fiat financial system to the new asset-backed system.
EXOGEN October 31, 2014 at 8:36am http://www.monex.com/liveprices/
BLOOMBERG:Citigroup Legal Costs Jump as Currency Probes Accelerate (ILLEGAL CURRENCY MANIPULATION)-600 MILLION IN FINES
Posted by EXOGEN on October 31, 2014 at 8:56am
Citigroup Legal Costs Jump as Currency Probes Accelerate
REUTERS: Barclays sets aside $800 mln for FX fines as profits rise (ILLEGAL CURRENCY MANIPULATION)-800 MILLION IN FINES Posted by EXOGEN on October 31, 2014 at 9:20am
UPDATE 3-Barclays sets aside $800 mln for FX fines as profits rise
Iko Ward : Hey guys, just touching base. If they are going to do the rollout it means they will start tonight after 5PM EST. When we will hear is anybody's guess, but based on all the Intel and Okie's post we look pretty darn great. Anything weird on Forèx happens I'll do an update. See you on the call.
Taxmom: Holy buckets. Silver is down another 2.7% this morning to 16.08. Gold is down @.24% to 1173. Takes us back to levels not seen since early 2010. Very heavy volume. Yesterday they were down significantly too….. My feeling is once the RV hits, the metals will bounce back up. For one thing, there will be demand from us! Metals markets are so manipulated hard to tell exactly what they are doing
King Simeon: Just saw on CBS this Morning that Citi Bank and Barlclay are storing millions for a foreign exchange. Coincidence?
[.MikeH] 10-31-2014 Delta the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases.
On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution.
...it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases.
IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time....looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate.
IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens.
IMO, the rate will come out around $0.25 - $0.35 and gradually increase...the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly...within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase.
mcdan wrote on October 31st, 2014, 5:50 am:
FYI GOLD BELOW 1200 SILVER BELOW 17.00
Alan » October 31st, 2014, 8:40 am US dollar at 86.62. www.marketwatch.com
walkingstick » October 31st, 2014, 7:58 am
51 countries declare banking secrecy ‘obsolete’, sign pact in Berlin
Published time: October 30, 2014 16:18 Get short URL
Finance ministers from over 51 countries signed an agreement in a step closer to ending the dark financial underworld of tax-evasion and money-laundering. Another 30 countries pledged to join by 2018.
The deal is called the Multilateral Competent Authority Agreement and will look to build a collective exchange of bank accounts, taxes, assets, and income held outside local tax jurisdictions.
The two-day summit was organized by the Organization for Economic Cooperation and Development (OECD) and the Global Forum on Transparency and Exchange of Information for Tax Purposes. It was hosted by German Finance Minister Wolfgang Schauble and held in Berlin.
"Banking secrecy, in its old form, is obsolete," German Finance Minister Wolfgang Schaeuble said in an interview in Bild on Wednesday.
The practice is "no longer appropriate at a time when people can transfer their money all over the world at the press of a button via the internet," said Schaeuble.
Germany is a staunch opponent of Bank secrecy by geography. On its southern border lie historically secretive Austria and Switzerland, and on the western frontier is Luxembourg, also known for its tight-lipped financial institutions.
Members like the Cayman Islands, the Virgin Islands and Liechtenstein – all notorious for being tax havens, signed the agreements.
Asset hideouts like Austria, Switzerland, and the Bahamas didn’t sign the agreement itself, but promised to join the initiative by 2018.
The new American anti-secrecy measure, FATCA, added a sense of urgency to the debate.
FATCA legislation, signed into law in 2010 and enacted on July 1, 2014, requires overseas financial institutions to identify their American customers to the IRS. The law applies to any account with more than $50,000.