[sonnayhwh] hmmm. . .the fact that Okie states that SKRs will be "exchanged right away" seems to give credence to the tier system. Better yet, it does seem we are right at the door. . . grin
[okrocks] sonnayhwh as far as I know they will not have their oppotunity to use those funds until we do, at the same time... if so that would be saying we are as well... imo
[sonnayhwh] okrocks - that makes sense to me as well. It leads me to believe that the exchange of SKRs will coincide with the release of the R-V. . .
[okrocks] Definition of Currency Basket: A portfolio of several currencies with different weightings. For example, one may construct a currency basket with 40% euros, 35% U.S. dollars, and 25% British pounds; the percentages determine the basket's value.
Using a currency basket is a common way to peg a currency without overexposing it to the fluctuations of a single currency. For example, Kuwait shifted the peg of the Kuwaiti dinar to a currency basket from the U.S. dollar in 2007 because the dollar was weak at the time, resulting in high inflation.
Read More Link on Right
[spiritfilled] Robertprofessor so the Okie looks like we are closer yet....you???
[Robertprofessor] spiritfilled There's no other way to interpret Okie.
[spiritfilled] Robertprofessor I agree..just always like your take on things...thanks
[IradMax] I am trying to understand Okieoilman, was he saying that the baskets have already cashed out and now they are waiting turn in the SKR's or are they still waiting?
[Robertprofessor] IradMax Baskets don't cash out.
[Robertprofessor] IradMax. Baskets hold things. The word is used to indicate that a group of currencies are held together to protect each other. Stable currencies are in the basket with less stable. Then currency fluctuations keep the unstable ones from changing much**
[childofgod] IradMax The baskets are the currencies that will be revaluing/devaluing. Once the baskets are released, we will see the rates and peeps with SKRs will be able to turn in their receipts.
[IradMax] Robertprofessor so all they get is a SKR?
[Robertprofessor] SKR/vouchers mean no one has spendable green yet. Once the first basket of currencies move through the system and we have the official release of them, peeps with SKRs have money, and we have our bank email.
[Readynow] Robertprofessor your take please. Trying to understand. Three "baskets"--do all three have to be "processed" for lack of better word, before any can be seen publically?
[Robertprofessor] Readynow Sounds like no. IQD/VND in first basket with many others. The rest of the world's currencies that will change value are in baskets 2 and 3 and will come through the system soon after.
[TNGirl] If VND and IQD are in same basket we can still exchange VND and get reserved IQD out correct?
[KajunRedBull] TNGirl sure...why not?
Robertprofessor] TNGirl I don't have any reserves. The whole idea scares me. Sorry. I hope things work out the way you want and can exchange some VND, get your IQD reserves and get the group rate on the IQD. Too high a risk for me though.
Jamison] Tngirl. Nobody knows what's going to happen with the vnd. Not do we know what will be allowed until the directions are given
[Robertprofessor] I'm guessing they can't push all the currencies through the system at once...bottlenecks. Redwolf talked about this some time ago.
[spiritfilled] Robertprofessor yes and since the a lot are going in value off the new IQD rate than it has to go first...IMO
[ [misskitty05] Robertprofessor yes I think that was the original plan but sounds like they need to break up the groups due to sheer size
Robertprofessor] spiritfilled Makes since. Keep in mind 25 or so currencies changed value about 2-3 months ago.
misskitty05] spiritfilled hello ... sounds like things are heating up whoo hoo!
spiritfilled] misskitty05 yes I think we should be getting emails anytime now....prayng so ...Amen!!!
[TexasNative] Now that I'm off the ipad let me explain...A worker friend who became a currency invester about 4 weeks ago was home on vacation in Seattle when he stopped at a travelex kiosks to pick up some more VND. While there the lady asked him if this was for travel or investment. He said that's very personal
[TexasNative] She said I know but if you have any dinar it is RVing and we can now buy it. She gave him the price before he could respond and he told her that is low to what I was expecting. She indicated she knew that and was told it was to go higher but that was what they could offer today.
[gretco] TexasNative - for real - did he say what they offered him? Thank you so much for information
[marmeysue] TexasNative what was the price did your friend say?
[hardley101] TexasNative That is interesting. That may explain why there are a buch of new folks out there talking negative about this. Hoping people will go unload their dinar at 660 per million. The brokers trying to increase their holdings before RV IMHO
sandytob] TexasNative talking iqd or vnd?
[TexasNative] sandytob IQD...they have never been involved with it but today certain offices in travelex will be cashing it in.
[TNGirl] At least we are now seeing they would buy IQD!! That's huge news!! Imo
OKCRN] TexasNative Cashing it in at about 1/2 what we paid for it....but at least saying they now will deal in it...
[sandytob] OKCRN TexasNative so it's a tradeable currency!!
[#3sister] Who's buying?
[TNGirl] OKCRN that's what I was saying! That's BIG news! zIMO
[xfilesfan2013] TexasNative I think that can only be possible if it RV...imo
[TexasNative] xfilesfan2013 I agree but they look to be a player and interesting that the lady indicated it would be going up soon and that is why the change for them.
[sandytob] #3sister Travelex
[xfilesfan2013] TexasNative dont make any sense...but maybe a good sign
[TexasNative] sandytob ??? change is a happening???
[WCW] well i think if it s a global reset it should happen between 2 and 5 pm cst and if it s about iraq we will see it right before there banks open at 1 am cst
[sandytob] WCW are you saying that you still think that Iraq is the only one revaluing their currency?
WCW] sandytob no i just think it s all about iraq and it will show to the whole world when it happens cause u will need ur depends