[okrocks] G20 struggles over forex, at odds over debts MOSCOW, Feb. 15, 2013 (Reuters) http://www.newsdaily.com/stories/bre91e005-us-g20-currency/
[hmoob76] Okrocks hi .. Something must be happening .. Gold is dropping fast, it's at 1615 now
[sananddan24] Okrocks is the G20 meeting in Moscow?
[okrocks] sananddan24 yes
[hmoob76] I guess gold dropping this fast doesn't mean anything huh?
[babble] hmoob76 at one point that was supposed to be one of the signs
[dwg14] Gm hi So any news yet this morning. Im heading to work and wont be back til Sunday night
[babble] hmoob76 hopefully it will go down a lot more then after we rv we can buy low
[okrocks] One senior G20 source said late on Thursday that there would be no separate statement on currencies. A passage would be inserted into the main communique, but it would not repeat the G7 line that "we will not target exchange rates".
[babble] okrocks does that mean no r v?
Read More Link on Right
[okrocks] babble no it just means they are still doing their thing lol
[okrocks] just me, but I think much is scripted just like Iraq... imo
spiritfilled] "Have I not commanded you? Be strong and of good courage; do not be afraid, nor be dismayed, for the Lord your God is with you wherever you go.”...Joshua 1:9
[burk50] What did WildDuck,Jester,WCW say last night ? Any hints ?
[paradisegirl] burk50 they said "donium" lol
paradisegirl] Wildduck also said "housium" and "carium" lol
[hmoob76] Gold 1611 and silver 29
[redhead1] paradisegirl - what does that mean - not sure
[spiritfilled] redhead1 it means get ready for new house and car
[paradisegirl] redhead1 think he means we will soon be able to purchase houses and cars
[imperium] ... gee... this rv has been repeatedly called to today... tomorrow... Tuesday... for many weeks now. Is this a good sign or is somebody playing with us... :-(
[redhead1] imperium - wish I knew - I am asking myself the same questions this morning.
[luckygramie] imperium I think its to keep us on our Toes to keep us ready :}
[2012jesus] if you read the articles for the past year you would all know were we are at ,and CRUISER says it best ,, we wait ,we are here ,,just dont know when the date
[2012jesus] could be today ,this weekend ,monday ,tuesday ,,but date is in ???? but we are there
[presley] Okie's Opinion on G20 >> destiny] ..OKIEOILMAN What factor if any do you see in this upcoming G20 event effecting the RV...is this what were waiting on at this time? [..OKIEOILMAN] DESTINY--YOU ARE ADDRESSING OLD HISTORY THAT HAS ALREADY TRANSPIRED--NOTHING TO WORRY ABOUT
redhead1] If the predictions are correct we should see a speech from Christine LaGarde sometime today - I am in hopes she will announce the Revaluation and we will have a better timeline on what to expect.
[luckygramie] Thank you Lord for teaching me patience..thru all this waiting :}
[paradisegirl] presley Okie also said this: if you want to concentrate on what and when this will occur--follow closely christine legarde and what she is saying in conjunction with the recent g-8 in which currency rate exchange was one of the topic's addressed. I haven't found anything from her, yet
[presley] paradisegirl correct..watching for that info now!! Ty
[paradisegirl] redhead1 I find it exciting that there is so much discussion on currencies in the media the last few weeks
redhead1] it is late Friday evening in Iraq - and a holiday - if most RV's occur on Friday - we are ready.
[BocaLinda] Isn't it holy day in iraq? I doubt it will rv today...
[misskitty05] BocaLinda today is almost over in Iraq
[redhead1] BocaLinda - if it happened they knew it yesterday - only an announcement to confirm would happen today - I think their banks are actually closed on Fridays.
[spiritfilled] Remember folks too much info on the street leads to insider trading possibilities...just think if someone had posted yesterday that Soros and other were going to sell a big chunk of their gold holdings today..which they are doing or have done..all you would have to do is the same and make a killing
[GJHHonor] ette gold 1604 just checked
[jtwest] GJHHonor wow !!!!!!!!!!!
[spiritfilled] Yes it was announced that Soros and some other big players were selling off at least 1/2 of their position in gold
[moonchild] spiritfilled sounds as though they are up to their usual games, sell off, wait for the price to drop as far as it will then buy again. They are really good at doing that.
[spiritfilled] moonchild there was quite a bit of talk several weeks ago that gold would really drop right before the rv/ce..I really do not know but here it is in living color!!
moonchild] spiritfilled yes gold is dropping but we do not know that that has anything to do with RV. One thing though, is if gold drops then USD rises. Then if the RV happens when USD peaks then drops later on, the USD gotten in exchange will buy less than they would have otherwise.
[misskitty05] moonchild but we will get more in exchange if the dollar is strong right?
[moonchild] misskitty05 no, the higher the USDX (average value of the USD versus other currencies) is the less we get in exchange for our IQD.
[spiritfilled] moonchild anything is possible
[misskitty05] moonchild oh I had it backwards ... thx
[childofgod] moonchild One thing is for sure, all of Congress (or most) hold IQD and I am sure they will want to get as much as possible! IMHO
moonchild] childofgod yes, but only if they control the RV timing, which I seriously doubt. And remember that NO country wants a lot of unruly newly rich people who will not follow the unwritten rules.
[spiritfilled] childofgod the low over the last 12 months is around 1535.00..do not know as does anyone if it will hit there but usually when charign things like this and stocks if it drops below that and stays for a bit could go much lower..who knows
[BLESSME] Jester I missed wildduck last night. Can you share?
[moonchild] there was an economist from Argentina speaking who said that he was expecting the USD to rise over the next 3 months or so but he did not say why and it did not make sense to me.
[crossways] Jester WD must believe something is going to happen today if he said that chat would be like a ghost town today..
[Jester] crossways i am not sure i saw that but that is a distinct possibility... you do not really need me to translate that statement do ya?
[misskitty05] moonchild didn't we heard that they would push it up so that when it "falls" it will go down to where it started??
[moonchild] crossways I will be happy to stay when you all run off to exchange. I will keep the lights on and the fires burning for when you come back.
[hmoob76] Gold falling fast @1605
[hmoob76] Is it good or bad ? Gold is at 1604 and silver 29 ???
[spiritfilled] hmoob76 there was quite a bit of talk several weeks ago that gold would really drop right before the rv/ce..I really do not know but here it is in living color!!
[skidinar] Hi. What options would Iraq have coming up on feb 23rd, if any. do you know ?
[bonshoom] At 138:29 minute mark on the 2 14 13 IQD team cc, Mike talks about the importance of 2 23 13 on Q & A: Iraq will have to be on their own if they do not comply with and RV by this dateline…so very important stuff lies herein dear dinarians. https://www.freeconferencecallhd.com/playback/?n=8337-17-65-67-17-65-672-17-65-67-17-65-67123-48-7262-51-1154568;0Mzg1MTEzMjA=1
Late Thursday Night:
[jacque47] From CBS Market Watch....Currency wars may boost forex-market trading, HSBC says. HSBC strategists believe that the onset of a “currency war” would see foreign-exchange markets increase in importance to asset allocators. The term “currency war” refers to the situation where countries seek to devalue their currency to boost their trading position against rivals. Previously, it was far easier to express a quantitative-easing view via bonds or stocks, the strategists said. However, in a “currency war” environment, foreign exchange suddenly “becomes the obvious way to express a given view,” they said. “If countries are heading for conflict, foreign exchange will of course be the front line.”
[Midnight Blue] cjswest I was asked if all of the dinar outstanding will cause it to lose value. There are an estimated at least 4 million people with dinar in the USA alone. I have been told the average person has 1 million dinar. Not counting the government or other countries, that is 4 trillion dinar. At $4 per dinar, that equals $16 trillion USD or about the USA GNP and national debt. However, when US citizens turn in the dinar, the banks give it to the government. The government gets oil credits and give the majority to China in payment of the USA/China debt. Therefore the supply of dinar disappears and the value will stabilize. Much of Iraqs future oil will be traded for the credits, but Iraq should still receive enough wealth from it.
[Midnight Blue] cjswest On the other hand, 1. The USD supply will increase by 16 trillion, although most will be digital or increases in M2. 2. Most currencies will increase compared to the USD. This will cause import cost to the USA to greatly increase. 3. With the USD value dropping and the other currencies rising in value, USA food costs to other countries will be a value, which will drive up food cost to USA citizens. (Other items we export too) 4. Other countries use to hold trillions of USD because it was the reserve currency. With the value of USD falling USD will stop being the reserve currency and other countries will dump their USD, driving up the supply of USD on the market. Any of these four items can cause hyper-inflation. All four combine probably will result in the complete collapse of the USD within less than a year.