7-22-2012 Poppy3: I have heard many solid details this weekend from several sources and they all see them positioning for some solid movement in the next week to settle many of their problems and that is what every source I have is telling me. There is not one shred on negative against the end being very near for our wait.
poppy3] WELL RICH FRIENDS LIKE I SAID MUCH GOOD NEWS HAPPENING AND ERBIL IS PART OF SOME GOOD NEWS.
[repairman] poppy3 so whats up with the erbil?
BGG] slugl28 - not a huge amount of news. First weekend of Ramadan and all - Blog turned out good. I am very hopeful based on the news articles posted and I have a feeling Monday/Tuesday will bring some interesting news as well.
[BGG] Holy Cow!! - Central Bank: we have from the reserve currency, so as to cover the process of deleting the zeros
[tampadinar] BGG wow!
[rlsunsfan] Glad I popped in now
[rlsunsfan] Tell me that's a current article!
[BGG] I also just uncovered the most awesome picture of Jaafari and Allawi during their meeting.
[BGG] Yup, Yup and Wow!!
[poppy3] OK NOW BACK TO DINAR ... SEEMS FROM THE POST ABOVE THEY ARE MOVING TO EMPLIMENT THE ERBIL AND ARE MOVING ON OTHER ISSUES?? POPPY3
POPPY3 night all... anxious for the next couple days.
Read More Link on Right
healthscans] I think Okie knew something or he wouldn't have posted 2 days in a row. I just think he can't talk
snuggs101] I thought this was great!! [AZGhostHunter] buckaroo they're trying to bring the flintstones into the age of the jetsons over there. Not an easy task
[cruiser] chillimac The prinitng of more dollars is not what is important. The Value of the dollar is.
[cruiser] Understand that i do beleive that the US Treasury Bills are real and are going to happen, but after the Re alignment. not before.
[scott24680] cruiser The main thing is that the derivatives will all need to crash and burn. How specifically you do that is beyond the scope of what I know and the collateral damage is complicated. But the RV is still all about crashing derivatives
[scott24680] highlander65 yep - I could quest specifically futures because they have a legitimate purpose, but all the whacky financial instruments should be gone after the shift
[cruiser] scott24680 N, the banking change and the Basel III will cahnge the scope on derivatives. The re alignment is a small part of this, but it is the start, leading to all of the banking changes.
[az85] Go back and look at all the BANKS that have filed Losses, this is part of the CLEANUP here in the US Especially!
[scott24680] cruiser From what I've heard, I think you're correct on the introduction of new currency - sounds like treasury dollars should happen a month after the shift, and in the meantime, the dollar will float (and sink)
[cruiser] az85 Hi. ! year.look at the currency market. Dollar vs.Euro. Dollar vs. Gold. Dollar vs. etc.
[jfreeman] It is like a rock in a pond, the ring leave the center large and play out. Once that happens they must be propped up in order to reach the other sides. I wasn't doubting you at all Boasorte or your intellagance. As I lurk I see others who could very easily become confused. Thanks
[cruiser] Princess M could be today. That is something we will never know.
[devildogmom] cruiser Doesn't Basel III compliance require an asset based currency?
[scott24680] devildogmom If it does, it shouldn't. All currency is fiat if you really look at it - meaning currency has a declared value
[az85] I was told (by a very reliable source) the the shuffle (that is what it will be) from Fiat currency to Treasury Dollars will being in Novermber and end in March 2013
[scott24680] cruiser That's correct as far as derivatives go, but when 800 trillion of crap goes away, that will be the real elephant in the room per se..
[eagles4] BigD live dow - 219
[Princess M] cruiser so then it will just happen and the 95% of population will never know or might know but not understand!!
[twisted67] Princess M that is excatly what they want ..... they don't want the 95% of people to know what is gonna happen .....can you imagine if they did ???
[az85] Princess M DId you know when we changed over in the 70's ?
[highlander65] az85 so that would mean we need the RV well before that
[BigB] cruiser Here is something to think about: The FEd interest rate is near 0 but look at what the government is charging for student loans? But we give free grants to the foreign students.
[ken153] Princess M exactly
[captaincaveman ] Eagles wow
[BigB] eagles4 and dropping....
[az85] Guys Listen ... the BANKs have to be cleanup here in the US before the RV happens
[highlander65] Princess M good question - I think gen. population will notice shaking in markets big time -- what do you say Cruiser??
[az85] They are doing that NOW, so lets relax,,,they have already FIRED the warning shots over the heads of the BANKS..and they have had to come up with PLANS on how they will survive ... so as JONNY Cash would say ... WE ARE ON THE ROAD again....I am excited to know that this is getting cleaned up!
[cruiser] devildogmom I am not sure. It is in place to to determine the assest . For instance Gold will be a Tier 1 asset. Inground gold will be a tier 2 asset (giving it more value) and there will be No more tier 3 assets ( this is where in ground assets used to be).Plus there are leveraging changes.
[scott24680] devildogmom The issue we have is that the fed's currency model is the worst possible for the people - all dollars are created with a dollar of debt - you change that and things will quickly get better
[ken153] scott24680 plus interest
[scott24680] ken153 right - the interest is the killer
[az85] Guys this is the SETUP cant you see it ?
[ken153] scott24680 and it can never be repaid all done by design
[cruiser] highlander65 That is why there has to be a public mechanism. QE3 is that Mechanism. They have done it twice already. The markets will go done, yes, but not crash. The dollar will value at a resonable number, but not create panic.
[az85] cruiser Exactly ... and this time next year the Dollar will be the STRONGEST again ... this is the SETUP Watch!
[devildogmom] scott24680 I'm with you on the current model. Every time they print money, our dollars become worth less. Something's gotta give.