[Rocky49] I have a bank story: I am at a hospital where my son is having back surgery. There is man whose wife is also having surgery and we met and had prayer in the waiting room. Their son is a personal banker at WF. I have had a chance to talk to him about the CE. His branch is not involved with the CE
[Rocky49] He knows about it and is ready to serve new customers. I talked with him about the rates and other factors and he said quote, "It is my understanding that it is suppose to happen this weekend." I cooly said "Yes that is what I hear."
[sailman] DrRod So friend -- how do you feel about the possibility of this thing POPPING in the next day or so ??
[DrRod] sailman outstanding!
[DrRod] sailman I am not an intel provider, not do I know anyone in important places, BUT based on things I've been told, I am more confident about our investment than ever before. Keep the faith and as hard as it might be, be quiet and discern prayerfully about your next moves...
[sunshine] and this is a bonus from ....[12:24:38 pm] xxxxx flashing asked me to tell you to get everything ready!!!
Read More link on Right
[OKCRN] Just read Eagle1's post in Recaps.....sounds like good advice BUT if we do as he suggests and hold our exchange to just a minimum to get debts/mortgages paid off then wait to exchange the bulk.....does that then affect our 1-time-only higher rate? The bulk would then only be at street rate.....
[tc0043] OKCRN You`ll find out at your appt.
[candy] OKCRN i do not plan to hold out. the rate we will get shoudl be great, and i for one will not take the chance of it moving allover the place.
[Robertprofessor] OKCRN Absolutely, yes! I'm very cautious about accepting what Eagle1 has stated today.
[misskitty05] OKCRN why couldn't we exchange it all and put it somewhere (other than cash) for the long haul. He said the devaluation would be a short term issue as I read it.
[candy] misskitty05 i agree, it will be short term. Imports and travel outside of the US will be affected
[Robertprofessor] sandytob misskitty05 Maybe the way to go is all exchanged asap at group rate, then move most to other currencies ... out of USD ... and wait for USD to devalue.
[OKCRN] misskitty05 I was wondering that too.....was also thinking of just getting it put into cashier's checks....those are good forever right?
[Robertprofessor] I will be gone soon for a few hours but back this evening. I'll study the implications of Eagle1's post so I can ask Jester/MarkZ/Wildduck about this info of the USD not being in the same basket with the IQD/VND (if true) and what that means for us.
[sandytob] Maybe if it sits there long enough it will become worth more again.
[misskitty05] sandytob exactly
[misskitty05] Robertprofessor we have heard that USD was in the 3rd basket for a long time.... that part is not news. The deval is not news either imo
[Robertprofessor] misskitty05 But, and much info lacking here, what if we move most to other currencies (some that are in the first basket) and then after the USD moves through, back to USD? Might there be a bigger pay off for us?
[Robertprofessor] misskitty05 I thought the USD was in the first basket.
[heartfelt] misskitty05 didn't we also here months ago that the USD was to devalue June 1st or there abouts? I think this came from the hammer which also said "June" months ago and we all laughed. lol
[misskitty05] Robertprofessor I've always heard that USD was in a later basket ... you can certainly put your money in other currencies for safekeeping if you want to .... I'm not sure that this info changes my basic plan at all... need to ponder imo
[Robertprofessor] misskitty05 I have not had time to really digest what Eagle1 is saying.
[Robertprofessor] misskitty05 I planned to put 50% into five other currencies, but one was Canadian. Now, I see him saying that one will be in the second basket and take a big hit. Hmmmm?
[myprayerrealized] Robertprofessor All the more reason to seek professional advice ASAP, just as Jester has advised all along.
[misskitty05] Robertprofessor I recall Johnnywg telling us that USD might devalue and could be significant .... recall him Studley and others talking about a hard or soft landing depending on how this plays out ... the devalue has always been a possibility imo
[heartfelt] misskitty05 wasn't it Eagle that layed out the baskets just a few days ago?
[candy] misskitty05 yes, i remember that
[misskitty05] sektor dinofan Jester has warned us again and again not to delay in making the appointment for the group rate ... just saying ... I think there was a message there
[okrocks] from what we have been told the group rate will be great... so I am not seeing that as a worry myself... my GUESS is it will be based on the "ceiling" rate lol
[greasee5] misskitty05 yes, hence the dilemma, does anybody know what currencies will be safest for non deval.?
[myprayerrealized] misskitty05 I may be wrong, but I think the major message here is don't plan on making any large purchases until after the reset settles in.
[candy] misskitty05 i can assure you, i will be all in at my appointment. If other opportunites arise after, ok.
[deb2blessed] misskitty05 I agree and our IQD could very easily be worthless after the RV if civil war breaks out and the country splits into 3-- so IMO I will exchange all and be happy
[myprayerrealized] misskitty05 Exactly. The USD will rebound after all currency rvs and trade is more balanced ... then buy.
[Robertprofessor] misskitty05 Do you remember Okie telling us recently that the three baskets will move through the system quickly and in some fashion to make it impossible to make money quickly in between those baskets?
[greasee5] myprayerrealized that could make sense, imo, but if one of the guru's is right, they stated oh idk maybe almost a year and a half ago that we may need to exchange frn's for ust at 2 to 1, i however am reluctant to believe this, imo
[wisemonkey] IMHO -- if you have a million USD sitting in an account and the USD is devalued all that means is you won’t have as much purchasing power. You will still have a million dollars --- just don’t spend it and you will be OK…it will recover its value it time…. IMHO.
[misskitty05] Robertprofessor yes I do recall that .... so we might not have time to do anything anyway imo
[candy] feda only your purchasing power is changed.. a dollar is still a dollar
[myprayerrealized] candy I agree. Tht is the bottom line
[misskitty05] greasee5 Papabear speculated yesterday that if and when we exchange to UST notes, it will be at a one to one rate imo
[candy] when the new notes are intoduced, it will not even be something ordinary people will notce. Just as bank replace worn currency everyday
[greasee5] feda no imo, i dont think so, as i am reading here, and thinking, wisemonkey is right a dollar is still a dollar, and may not get you what it once did, but only affects in country value, jmo
[BLPastor] Robertprofessor That's about as excited as I've ever seen Jester. All indicators are that it is very imminently amn, adn, asn close.
[Robertprofessor] BLPastor My OPINION: this is coming in hot, hot, hot!!!!!
[okrocks] this is what I have learned...CBI rate, Market Dealer rate, street rate, and group rate are dif or could be different depending on timing... been told WF group rate is a greater of any walk in negotiated/bickered rate... but we shall see someone will be the guinea pig
[b ray] I just got finish eating Chinese food, pulling out all hopes !! Lol But , my fortune cookie says " good News will come to you, from far far away " ok guys it's done , my fortune said so lol
harleyrider] Tight security unprecedented cause almost total paralysis in Baghdad http://translate.google.com/translate?depth=1&ei=nztbUcHfFcOa2AXS44CQCQ&hl=en&prev=/search%3Fq%3Dwww.faceiraq.com%26hl%3Den%26rlz%3D1C2SKPL_enUS415%26biw%3D1600%26bih%3D775&rurl=translate.google.com&sl=ar&u=http://www.faceiraq.com/inews.php%3Fid%3D1737721
[xyz] CBI ... begin applying measures to reduce exchange rate volatility Parliamentary Finance Committee confirmed on Wednesday, that the Central Bank of Iraq ( CBI ) will begin implementation of a package of measures next month to restore the exchange rate of the dollar against the Iraqi dinar to normal and prevent repeating exchange rate volatility.
[xyz] Zebari: Iraq practically out of the provisions of Chapter VII. 30/05/2013 13:33:00 Baghdad / NINA /-- Foreign Minister Hoshyar Zebari described his recent visit to Kuwait as fruitful and distinct especially with respect that Iraq is practically got rid from the provisions of the UN Chapter VII, which imposed on Iraq after its invasion of Kuwait. He added in a press conference held at the Foreign Ministry today that the number of resolutions issued by the Security Council, which he described as the most sever, hit a record exceeded / 60 / resolutions mostly related to the mass destruction weapons and the inspection teams as well as the "oil for food program" and other topics.