Briona : The banking and financial systems are at the point of collapse. If nothing is done, i.e. global GCR, there would be a financial Armageddon.
Things are already bad in the financial markets. Bonds are a disaster with many in negative returns.
Banks are failing and laying off people by the thousands. Derivatives are unsustainable and have to go.
At this point in time the derivatives will have to be zeroed out, before or at the time of the GCR, and the funds from the the GCR will hydrate the banks so they can function. IMO
GBT: I think the Dollar is going to be strong for some time to come, so be grateful we'll exchange for Dollars. Those predicting a collapse are well meaning but IMO don't really understand the financial system.
Things don't have to get "bad" before changes happen.
Bond bubble? absolutely. Many will lose a lot when interest rates start going up. the FED, ECB and IMF have all the ammo they need to ward off disaster Just like they did in 2008 briona, they created 750 Billion an kicked the can down the road.
GBT: IMO… They won't let Deutsch Bank fail...the only way the system fails is if they run out of zeros. See Zim...they had 12 zeros before they game up and went to the Dollar
Daz : GBT I AGREE "FINANCIAL ARMAGEDDON" SERVES NO ONE. IT WOULD TAKE DECADES TO RECOVER FROM SOMETHING LIKE THAT AND 100 YEARS OF ECONOMICS, TRADE, CONFIDENCE AND SOCIAL STABILITY WOULD BE DESTROYED. WHILE THERE ARE SIGNIFICANT PROBLEMS, MAJOR CHANGES WOULD BE A "UNWINDING" FOR A "SOFT LANDING" TO PROTECT THE WORK AND ACHIEVEMENTS ALREADY SECURED
GBT: Agree. Research the First bank of the United States..mmm..1793 or thereabouts..the ink on the Constitution was not even dry - Hamilton and Washington cut the British, and them selves in on the first Central Bank..The bankers have been on this since then. They lost control for thirty years when Andrew Jackson took over the FED, there's many strings to pull to not have a "disaster" No profit in a collapse for anyone
Briona: GBT, at this point in time, creating more funds to bail out banks is not going to work. Fiat currency is dead, a good thing, and when all currencies are asset backed, as they will be after the GCR, the derivative problem disappears. Central bank functions is what got us into this problem in the first place, as Thomas Jefferson accurately stated,
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....
GBT: Yes, it's fascinating. Andrew Jackson was the real deal. He ran on the platform of "Kicking out the bankers" He called them a Den of Vipers...he just took it over..at that time the charter was only 20 years, (It is perpetual now), He put the power of issuing dollars back into the Treasury where it belongs..but they managed to wrangle it back after many years of prosperity. Of course they shot at Jackson a few times
Briona: Fiat currency is why we are in this problem, the only way to end this cycle is to end fiat currency, otherwise, what is the point.
Detailer: @Briona - I agree with getting rid of the fiat currency. But I'm having trouble believing the government will give up the "Blank Check" attitude to cover their pet projects. Today, when they need extra $$$$ they just write more checks without any consiquences.
GBT: Detailer...exactly...just be rational...if you are a bank of issue...FED, ECB, IMF, BOJ,and can create currency and monetize any debt instrument..bonds, notes, mortgages, loans..why would you give that up?
Daz: FIAT IS NOT GOING AWAY IN THE TRUEST SENSE. EVEN AN ASSET BACKED CIRRENCY WILL STILL BE REPRESENTED AS A FIAT MEDIUM OF EXCHANGE DUE TO THE FACT THAT EVEN AN ASSET BACKED CURRENCY IS "NON-REDEEMABLE"....
Briona: Derivatives have to go, and the only way for that to happen is to get rid of fiat currency, which created this monster.
GBT: Why do they have to go..they are just notional value..2.5 Quadrillion..they are just bets by banks and hedge funds..you can't just dismiss those or pay them off..they will unwind..and it will be ugly but, those who are smart will survive.
Daz: I COULD SUGGEST THAT WALL STREET TRADERS CREATED DERIVITIVES BY CREATING A DEMAND FOR DERIVITIVES. ITS IMPORTANT TO NOW THAT ALL DERIVITIVES ARE NOT BAD. THERE IS A DERIVITIVE COMPONENT ATTACHED TO ALMOST EVERY COMMODITY, PRODUCT AND SERVICE TRADED IN THE FINANCIAL WORLD, GLOBALLY. CORN, RICE, AUTO TIRE PRODUCTION, BONDS, LOANS..EVERYTHING.
GBT: Daz..right...watch the "Big Short" the whole 2008 debacle was about derivatives..bets....MBS and CDS..and then AIG was insuring the bets..sure it's all nonsense...greed and fear stuff...it is going to be tricky for all of us not to loose our profits from this investment, but doable...very doable
Daz: THESE ARE COMPLICATED AND INTRICATE DESIGNS THAT HAVE BEEN IN MOTION FOR 100 YEARS...THERE ARE SOME SMART GUYS DOING THIS,,,SOME MAY ARGUE THEY ARE EVIL GENIUSES BUT, EITHER WAY....ITS SO COMPLEX ITS DIFFICULT TO UNDERSTAND BUT EASY TO FALL PREY TO VOICES THAT EXPLAIN IT IN A WAY THAT ONLY USES BROAD STRIKES TO PERPETUATE FEAR AND FURTHER MISUNDERSTANDINGS
Briona: The banks are basing their value on these fake derivatives, which they create out of nothing, so the banks true value is based on a false impression of worth. I would never want my money, in one of these banks. We need banks functioning with something of a true value backing them.
Rock1941: just remember after Glass/Steagle was introduced to curb the bankers it was dissolved under bill clinton (1999) the very instrument that was successful in curbing the banks,since then ists been hog heaven for the banks, just like the wild wild west, they should never have let banks become investors period!!! just my say
Daz: HANG IN THERE, RELAX, TAKE YOUR TIME, BUILD A GOOD FIDUCIARY TEAM OF ADVISORS, DEVELOP A BROAD COMPREHENSIVE ESTATE PLAN OF DIVERSITY AND RISK AVERSION ...ALL WILL BE WELL
JLW: some of us are REALLY concerned... that we will never see a POST RV
Yada: Fear not jlw.
Freeway2: yada Hi - Agree. I am not in the least worried, just wish it would hurry.
Covenantbridge: : I was watching the opening ceremony of the Olympics.... I can't believe there are so many countries I have never heard of... when Iraq went through. Its a small delegation but you can tell they were very proud to be there.
Fireball92: Watching the Olympic Parade of Nations last nite, I found it VERY INTERSTING, I heard 2 references to "SILK ROAD COUNTRIES" mmm?
LocoFelipe: (Regarding post below:) You guys have no idea of how much garbage I hear and read on this venture.... and I don't post something unless I know (or believe) there is some value to it..... just saying.
The reason I posted it.... exactly the way it was sent to me, was not for the debate on the rates.....it specifically was for the timing spoken of. that timing was specifically spoken to me by a completley different source that isn't even invested in this thing. the rates> hard to swallow--so, don't!!
Take what was given and throw out the part that doesn't make sense. because to EVERY intel statement- it is my personal opinion that there is a bit of truth involved.....
Totally Blessed: Loco's post is very encouraging and WOW don't we all hope it proves to be true. No zeroes lopped of zim??? That would be an amazing great surprise!
Mellowmel: The timing is what is important. I hope and pray it is before 8/22, but I can live with it then
LocoFelipe: INTEL CALL LATE LAST NIGHT
Here is a call that was made late last night.... your thoughts?
By Bear and Yosef
Sovereign rates- they are locking at
Chinese elders want to the public to go on 8/22
Private internet group (us) or tier 4 (us) to go before 8/22
We can go at anytime any minute.
Banks will receive 1.5 to 2 % of the we receive at the exchanges by the Chinese elders
we will pay no fee
Banks want us to have high rate, more money for them
There will be 6- 10 people to help us each at the redemption center
The bank people will be very kind, Money wires, cashier checks, letters of funds will be made available for real estate etc
There will be security in a 20 mile radius from redemption centers
It is against International law to drop any zeros of any currency at RV. no zeros off Zim
All currencies, IQD, VND, ZIM, RUPIAH, AFGHANI All currencies face value
Minimum of 65% of exchange will be held back by banks for humanitarian projects at structured payout.
You will receive interest on all monies of what is being held back.
Yosef gave ideas about humanitarian project.... Help municipalities, county, state, public jobs etc.
Do that everywhere..... Chinese elders want the monies to go to everyone, everywhere in funding
The .04 cents that was exchanged for the Dong were illegal transactions, and the peoples who did these have been dealt with.
The opinion of the moderators of this call felt that these banks jumped the gun on the RV....
and for this reason these particular banks wont be able to handle the Zim when the time comes.
DONT SHOOT THE MESSENGER. THIS WAS SENT TO ME LATE LAST NIGHT. I POST, YOU DECIDE. Locofelipe