[MarineMom] I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under GOD, indivisible, with liberty and justice for all. God bless the troops, God bless America and her allies, and God bless all of you! … Semper Fi Marines! Love you
[crossways] God says 'for truly, truly, by your own words you have held back my hand.' It is vital that you do an inventory of the words that are coming out of your mouth and make sure your words line up with what you want to see happen. Let's speak life into this revaluation!!!
[flashing] imo we still anytime now within my timeframe. Unfortunately the rumors about yesterday didn't become a reality, but everything still excellent.
[redhead1] Flashing - do you think the opening of the stock exchange today will make a difference in the release of the RV?
[flashing] redhead1 imo no
[flashing] Today you will see some smoke in the media. Don't pay attention to that. We are in an excellent position . just remember that UN cannot hold their report and its decision for long time. so we should expect it anytimenow. My timeframe still the same until Jan 15.
[deb2blessed] Question.... does anyone know if the US is Basel 3 compliant?
Read More Link on Right
okrocks] deb2blessed last I heard, no
[constantlyabiding] deb2blessed it was my understanding when they did the stress tests a few months ago that only "certain" banks did not meet the basel 3... or I could be wrong. :)
[MarineMom] deb2blessed there was a requirement that all be basel III compliant by jan 1st. I am not sure of status, but I have also seen an article that shows they relaxed the asset requirements.
[okrocks] Banks Win 4-Year Delay as Basel Liquidity Rule Loosened Jan 7, 2013 2:58 AM PT Global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch. http://www.bloomberg.com/archive/news/2013-01-06/
[burk50] Does it matter if Basel3 is extended?
[okrocks] burk50 it is being done in increments anyway...
[burk50] Wang Dangs call was promising also close so many r on same page for very close
[redhead1] CNN just posted that major banks are going to pay $10 Billion in payments to people who were foreclosed on illegally- files were improperly reviewed - only those that asked for review will be paid - those that did not will only receive a few hundred dollars
[Papa Bear] GM Dinar Family This is for those that missed it . The exemtion is $5million ndexed for inflation for years after 2011. The tax rate jumps to 40% for estates above the exemption amount. Annual gigt tax exclusion rises to 14,000 dollare per donee. Congress also revived the portablity of the state tax
[Papa Bear] . Up to 1,070,000 of farm or business realty can receive discout estate tax valuation. also, nmore estate tax qualifies for an ninstallment-payyment tax break .If one or more closely held businesses make up more than 35 % of an estate, as much as 572,000 dollars of tax can be deferred, and the IRS
Jeff] Papa Bear per my cpa if one buys that farm through a ira well something to ask your own cpa hint
[Papa Bear] Many things need to be looked at for each persons paticular circumstances. My advice ALL see your tax attorney when all done
Jeff] Papa Bear Stitch and if you lease your farm operations to another person who purchased their farm through their IRA then they lease their operations back to you well....ask your CPA another hint
Papa Bear] For those that know me and what I do. There has been a tremendous inflow of cash by funds ,insurance companys and large investors into farm ground over the past 14 years. Why because they arent making any more ground and farm products have moved up. The farmers of GOOD OLD USA STILL FEED THE WORLD
chillimac] Papa Bear AMEN
[Papa Bear] Much confusion on taxes has been around by peeps and i am just trying to stabilize. Have a plan and put it into action. Dont let fear rule your life> you rule i.stay grounded your time fast approaches.
[nathansmom] Papa Bear how fast is it approaching is the question... on day.. one week. one month or another year??
Papa Bear] The trying to figure out the timing and rate is what is hurting folks. STOP and SMELL THE ROSES.
[flashing] again imo u should use a big 4 cpa firm to handle ur taxes. why? because they have good insurances and coverages in addition to their expertise in taxes.
[Jeff] Papa Bear since the 20's Farms pay back in returns on investment capital 10,000% beyond gold, stocks, etc. Number one investment over that time period
[Moonchild] the only problem with large tracts of farm land in the US is that it is more and more being used to produce GMO food which should not be eaten by people or animals.
Jeff] Moonchild not IF you are the owner and you know how to farm like myself and the farms you purchase you designate through certification (organic that is)
[Jeff] Did you all see where Mortgage Back Securities are considered a "Tier One" asset?
[Moonchild] Jeff how do you prevent the GMO pollen from contaminating your crops? I do not know of a way.
[owl] "validity" - will we actually be going fully basel3? When? Will that automatically include Metals backed currency?
[Moonchild] Jeff and regardless of what you do, more and more of the acreage in the US is being used for GMO crops annually.
[Jeff] Moonchild I will worry about that when the time comes
[Jeff] Moonchild the consumer will ultimately control that
[cruiser] GM all!!
[Jeff] cruiser cruiser when is the Basel III fully compliant? 2019?
[cruiser] Jeff Yes!! 2019
[chillimac] cruiser give us some good new
[Jeff] cruiser thank you I knew that but wanted one more yes
[Canadinar] Jeff Jan. 1, 2019
[chillimac] cruiser markets inline this am?
[wheezer2] cruiser GM do i get to walk off the job today???????? huh huh huh lol
[cruiser] chillimac Good News??? The Historical Basel III is in place to start, what more do you want lol
[owl] cruiser cruiser a refresher on Basel 3 "ramifications"?
[okrocks] --Sixty Percent Under yesterday’s deal, banks would only have to meet 60 percent of the LCR obligations by 2015, and the full rule would be phased in annually through 2019, according to an e-mailed statement from the GHOS.
[cruiser] owl There is now a global set of regulations that are to be followed by all banking institutions throughout the world.
[Papa Bear] Basel III
[chillimac] cruiser is usa in line?
[cruiser] chillimac yes
[owl] cruiser cruiser WHICH, I assume' are "better" or more 'sound' than Basel 2?
[Papa Bear] chillimac Judge each bank seperately
[Jeff] Papa Bear amen
[owl] Does it INCLUDE a firm Commodities backed currency clause?
[Princess M] cruiser so in simple terms Basel 3 has been put into place and the gobal reset also has been started????
[cruiser] Princess M it is a piece, call it the protection piece.
[Princess M] cruiser OK ty
[Jeff] owl a letter was delivered last summer by the currency controller to all banks that they need to possess 4-6% gold in their equity basket by jan 1, 2013
[Papa Bear] owl ALL stricter for OUR protection
[chillimac] Jeff oh, i thought it was 20%, sry
[rustyc] cruiser morning I heard an opinion on another chat about watching copper and titanium any ideas on that?
[Papa Bear] Beleive it or not some if not most of delay to protect US.
[owl] Jeff Papa Bear I'm expecting to learn ALOT about banking, soon! BUT for now I'm disappointed to learn that 100% backing is NOT required?
[cruiser] Papa Bear correct
[Papa Bear] owl Degree in banking and finance but best teacher is experience!
[owl] Papa Bear agreed
[owl] It would seem the "fiat" process and "digital" process (leveraging??) in the current or recently past systems is where they went wrong?!
[cruiser] rustyc they are metals, for fututre use. But as of right now there is only gold that was/ is a tier1 asset, as it pertains to metals.
[rustyc] cruiser just interested have heard many different opinions, thanks
[cruiser] rustyc not an opinion. It is documented.
[misskitty05] cruiser are US treasuries a Tier I asset?
[cruiser] misskitty05 yes
[Princess M] cruiser so basel 3 is the protection piece....what is left to be put into place before the gobal reset???
[cruiser] Princess M yes, do not know.
[JonnyRocket] The ticker on Bloomberg just said O is making an announcement at 1:pm today. HMMMMM ??
[nathansmom] JonnyRocket wonder what he will be talking about now
[tc0043] JonnyRocket Probably just the Hagel announcement
[JonnyRocket] tc0043 I think so
[misskitty05] Jeff how can we determine what % gold a given bank holds in its equity basket?
[Papa Bear] misskitty05 Cut deeply into their financial statements and balance sheets.
[FreeManna] Anyone know - are we still in good shape for this week? Praying endlessly
[misskitty05] Papa Bear how would it be characterized on the financial statements/balance sheets?
[Papa Bear] Weiss is a good service which has been around for years and can help folks