Iko Ward : The world just ran out if money
HPD : IKO - I thought the NYSE would tank today after global sea of red. Seems like it's still being propped...what am I missing?
Iko Ward : it was propped. This time by the Chinese. They don't want their number one market to collapse.
Iko Ward : There is a lot of rumbling out there tonight from solid sources. All we can do is watch.
Iko Ward: Well guys, just wanted to stop in and say tonight is going to be interesting but you'll have to stay up late to see all the shooting stars.
Fitzgerald: STARS MOONS. QUASARS IM READY
Dinan: Good afternoon TNT...just finished listening to the call..great call...question...has any one chimed in on the information Ray was elluding to on the call that he knows but offered to let other TNT members share first...thnx..
LC: Here is an article explaining why people are buying 2009 Series A $100 Bills.
What excites the collectors most are the new bills’ serial numbers. With a new design, the bills’ serial numbers will “reset” and start back at number one — and those bucks will be worth big bucks in the right circles.
“I would wager a guess that [the number one] note will bring between between $10,000 and $20,000 in uncirculated (mint) condition,” said independent dealer Scott Lindquist.
The last time the $100 bill was redesigned, back in the 1990s, that first serial number sold for more than $10,000 on the collector market.
“Early on, they’ll have the highest demand and highest premium. I would anticipate that the first number ones to reach the market will be $7,500 to $10,000,” if not more, said Frederick Bart, a dealer of rare currency. The lowest eight-digit serial numbers — 00000001, 00000002 and so on — will fetch the highest prices.”
Combinations of serial numbers — like eight of the same digit, which collectors call “solids” — will probably be worth $3,000 or so in the collectible market, said Bart.
Other popular numbers are “radars,” where the first four numbers mirror the last four numbers, and “ladders,” where the numbers go up sequentially. Among collectors, the collective term for these is “fancy” serial numbers.
In the United States, Bart estimated there are “several hundred dedicated people” willing to shell out five figures for one of the new $100 bills which still feature the head of Benjamin Franklin.
Jason W. Bradford is one of these. A collector of rare bills since the age of eight, Bradford’s day job is running a company that authenticates these sought-after pieces of paper.
“I love low serial notes. One through 100, basically, are very cool… I’ve got several dealers on the lookout” for the new $100 bills once they come out, he said.
“Certainly, if the right note came along… I’d love to have it,” he said, even if that meant dropping $10,000.
“I’ve paid more for a piece of currency than I paid for my first house,” Bradford said.
Donn Pearlman, spokesman for the Professional Numismatists Guild, an organization of people who make a hobby — and sometimes a living — from the study or collection of coins and paper money, said his priciest purchase wasn’t nearly as much. But the nominal value of the bill he paid around $250 for was only 50 cents, a rare note printed during the Civil War era when coins were in short supply.
The new bills have colorful anti-theft features like a wide holographic strip and color-changing ink, and it’s the biggest redesign the “Big Ben” has gotten since the “big head” bills, as collectors call them, went into circulation in 1996.
WASHINGTON, DC – MAY 20: Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013 in Washington, DC (Credit: Getty Images)
“A major redesign like this in U.S. currency doesn’t happen too often, so it’s kind of a big thing and the new technologies that are going to be on it… are going to be a nice visual,” said George Cuhaj, editor of the Standard Catalog of United States Paper Money.
“It’s eye-opening to see in person for the first time,” said Pearlman, who also collects coins, baseball cards and old comic books as well as rare paper bills. “Every piece of paper money ever printed has a story to tell.
“It’s literally history you can hold in your hands,” he said. For instance, in cases when a country grapples with skyrocketing inflation, he said, higher and higher-denomination bills make their way into circulation.
“They’re literally one of a kind,” Pearlman said, explaining their appeal to hobbyists.
He said his goal is to get one new $100 bill from each of the 12 Federal Reserve banks that issue them. He said he was resigned to paying 50 percent or 60 percent above face value to get a dozen bills in new, uncirculated condition.
“You can look at the history of the United States by looking at its paper money,” he said.
SassyD: The Most Interesting Things Said at Davos Today -- two hours ago -- http://www.bloomberg.com/news/articles/2016-01-20/the-most-interesting-things-said-at-davos-today
SassyD: Japanese companies to invest in Iran’s oil and gas industry, Japanese banks will be able to open branches and enter into currency exchange contracts. http://en.farsnews.com/newstext.aspx?nn=13941030001361 Thu Jan 21, 2016 1:8 Japan to Lift Iran Sanctions Friday
SassyD: Traders are betting that it’s become too expensive for policy makers to continue defending exchange rates after investors and companies pulled $735 billion out of developing nations last year= http://www.bloomberg.com/news/articles/2016-01-20/emerging-stocks-sink-to-six-year-low-as-china-h-shares-tumble
SteveI: (reposted) I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade...a 1:1 rate or a bit higher.
Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold.
Q.[The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?]
SteveI: There would be no "revaluation" but rather now a value that follows the gold standard. This is what we are being told and how I understand it.
One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard.
So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value.
So lets look at both sides of the coin now. So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something.
If there will be no immediate future value, ...all will cash in and walk away. So who are the winners here, most everyone including yourselves.
Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low.
Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.
Q: [Let's say hypothetically that the switch is flipped today and the dinar is now backed by Gold. What would the dinar value be at this point? Is it even possible to determine that or is there more to it than just looking at the price of Gold?]
SteveI: New York Gold Spot Price (24hrs) Gold Price Per Ounce $1,101.65...Here is how it was explained to me. Lets say the CBI said that one IQD is now backed by one ounce of gold.
It is my understanding that one IQD would be equal to $1,101.65 or a 25K note would be worth $27,541.25 USD, less any spread and fees.
FRANK26: ATTENTION FAMILY
DUE TO SOME IMPORTANT INFORMATION JUST COMING IN,
THE BUSINESS PROMO PORTION OF TONIGHT'S CC IS BEING CANCELLED
THE REASON IS WE HAVE YET ANOTHER REPORT
I HAVE MUCH TO TALK ABOUT TONIGHT WITH YOU
SEE YOU ON THE CC TONIGHT 8:00 PM EST
BE READY TO ADD TO YOUR NOTES
The call will begin at 8pm EST.
TONIGHT'S LIVESTREAM VIDEO BROADCAST LINK: