Wolfy: my contact in the high end trading platforms told me last night she lost money in the platform trading because they were unstable now
That's bad for some but good for us--if they are stable it means we wait a while longer…..unstable means we are closer
Cowboy: Do we know what "thing" stopped the release this weekend?
Wolfy: imo-it wasnt stopped as persay--it was just a timing issue
Catalina: RV is need to prop up the banks...if not, we are in for a huge market crash. The bank stocks keep the market from falling. The printing of money by the fed created a huge debt. Dept is followed by deflation, then we go into a recession. To keep stocks from falling, companies have been buying their own stocks with a buyback plan. But as earnings of companies started to drop, there isn't enough money available to make significant stock buybacks.
Tator: My story begins with a phone call from a very good friend of mine stating that today her x-husbands brother in Texas was offered to exchange at a Chase Bank.
They told him the rate on his Dinar was $1.23 It was a random situation in that he did not have his currency with him when visiting the bank.
Having a tax situation with his business he decides to take the offer.
He hurries home grabs his currency and is now in the Bank again filling out the information to open a few accounts.
Up walks upper management and states they will not be exchanging this for him at this time....not much of an explanation only that it would not happen at this time.
Even though this was not a done deal it was great hearing this story from my dear friend that I trust immensely, and for a while we were contemplating a convoy to Texas with other dinarian friends in our small group here in the Sunflower state. Just kidding about the convoy...but maybe not. LOL Tater
Apexdinar: Bankers and regulatory violations (early exchanges)
OK folks, sharing some info that I think is beneficial:
Got news late yesterday of two private bankers being arrested for futures trading violations - while actually sitting in their offices at their respective banks (both in Texas, two separate banks, two separate bank locations/cities) - should be in the news over the next 24-48 hour news cycle, unless it gets swept under the rug.
My contact confirmed it was related to offering currency exchange rates outside of regulatory purview. Anyone getting called in by a wealth mgr or private banker to do, 'early exchanges' may just wanna sprint the opposite direction. Early exchanges = currency futures speculation, and private bankers negotiating futures rates are now getting heat, including termination and pending prosecution.
Glad Ray mentioned that people offered these private deals walked away. Everyone else who has either done an actual exchange or received an SKR with a, 'locked-in' rate may be subject to transactional audit - since big-wigs/whales were involved, I'm just not sure how much of this will see the light of day.
My buddy explained it to me this way - bankers with, 'insider knowledge' of pending rate increases who offer exchanges are acting with foreknowledge, and there are now several regulatory agencies bringing heat.
He expects a memo to go out addressing this, but he also acknowledged it may end up being more meeting-related (he said they may avoid documenting this, to not create a paper trail). I hope to have more info to share with everyone here over the coming days, but also accept that I may not get any more info due to the seriousness of the situation.
I implore everyone to just let this thing unfold in its time - build a banking relationship, be ready, but be extremely cautious. Be wise as serpents and harmless as doves. And - as much as I sound like a broken record - this remains a speculative investment with no guarantees.
We see it right before our eyes, we see bankers jumping the gun, but we just do not know with certainty how everything will transpire until it does. I'm encouraged, to a certain extent, that bankers are confident enough to offer deals before the actual event...just don't want any of us being sucked into the vortex of regulatory violations and insider trading.
Hold fast to what is good, TNT brethren!
wmawhite The IMF, GOI, CBI stated that the government was going to do certain things and in the mid time/by the end of February 2016 two items would be accomplished.
This Technical LoI/MoU was written in November 2015 and published in December...well by the time we saw it...those two items to be accomplished by the end of February HAD already be completed. They were the Investment Law and the AML Law.
The point is that the CBI and GOI are ahead of what the IMF has agreed with them to accomplish.
Q: [...so with all of the very positive news and accomplishments in Iraq, What are we waiting on? Bottom line?]
wmawhite: I am waiting on Iraq to enter the markets during the 1st half of 2016.
I believe the IMF and the WB know more about Iraq than the Iraqis...and never before has the IMF stated very clearly what their expectations are for Iraq...and they did it ...and then they followed up with two documents outlining step by step as to what is being accomplished...and you may ask, why?
Why provide the world with this information. It is suppose to be a big secret.
Wrong. Iraq is wanting the world to know. They want the world to come to Iraq. There is no secret. The challenge is understanding want you are given.
Thunderhawk: Backdoc Alert
Gold-backed ruble, yuan to trigger global de-dollarization
A gold-backed ruble and gold-backed yuan could start a ‘snowball exit’ from dollar F. William Engdahl notes, adding that it will diminish America’s ability to use the reserve dollar role to finance Washington’s perpetual overseas wars.
The irony of the situation is that the central banks of China, Russia, Brazil and other countries “diametrically opposed” to US foreign policy course are forced to stockpile dollars in the form of “safe” US Treasury debt in order to protect their economies, American-German researcher, historian and strategic risk consultant F. William Engdahl stresses.
The truth of the matter is that the role of the US dollar as the world’s major reserve currency is the countries’ economic Achilles Heel, the strategic risk consultant elaborates.
At the same time, by buying US Treasury debt in dollars, they are de facto financing Washington’s “endless” overseas military operations.
Fortunately, “[t]hat’s quietly changing. In 2014 Russia and China signed two mammoth 30-year contracts for Russian gas to China. The contracts specified that the exchange would be done in Renminbi [yuan] and Russian rubles, not in dollars. That was the beginning of an accelerating process of de-dollarization that is underway today,” Engdahl writes in his article for New Eastern Outlook.
http://investmentwatchblog.com/gold-bac ... arization/
Mountainman: So Now do You See WHY??? "THEY" have been doing WHAT "THEY" are doing........"THEY" Know..... WHAT,WHEN, and HOW To "TRANSFORM" the GLOBAL MARKETS......
But ALL NON ASSET BACKED CURRENCY "MUST" Go; for THE GOLD/RESOURCE Ones to SHOW Up.....because DOLLAR(FIAT) is GLOBAL KING Right NOW!!!....
There is A "NEW GLOBAL" Economic "MAP"=A BASKET of CURRENCIES Sprinkled w/BASEL 3 ASSETS.......In other Words We are leaving COMPTON and Moving to BEVERLY HILLS.....Yes JED CLAMPET...You Too....LOL....IMO
Mountainman: Hey DOC.......This is merely "CONJECTURE" on My Thoughts......But I have a Suspicion that The USA Will be the LAST ONE $$$$$$$$......To EXPOSE its "GOLD BABY"!!!!!!!!.....WHY???......USA You Are KING of FIAT Right NOW......So Your BIRTH/EXPOSURE "Must" be SYNCHRONIZED/...or The HOUSE of CARDS would Cause Tooooo MUCH CHAOS toooo QUICKLY!!!!!!!!.....IMO
BACKDOC: YES MY BROTHER, THE SEARCH HAS NOW BEGUN FOR THE NEW GLOBAL REALITY VALUE AS THE WORLD BEGINS TO DE-DOLLARIZE!
THIS DEFLATIONARY PROCESS WILL BE PAINFUL AND POSSIBLY CATASTROPHIC FOR SOME BANKS AND BUSINESSES!
WHEN CUSHINGS OKLAHOMA REACHES COMPLETE STORAGE CAPACITY WE WILL SEE OIL GO INTO A FREE FALL! THAT WILL PUSH THINGS OVER THE EDGE!
I SUSPECT THE NEXT 10 DAYS TO 2 WEEKS WILL BE TALKING LOUDLY TO US NOT ONLY WITH MR. LONELY BUT AROUND THE WORLD!
THANKS FOR ALL YOUR SUPPORTIVE ARTICLES FRIEND!
8@8, DOC IMO