Leslie37-very important..please read . To leave each and everyone of you with this idea happening here in America after the rv...what would your money be worth if the usd failed? How would you convert your money to hold your wealth? This article made me realise how important it will be to keep up with the forever changing govts and the economies cash flow...and to always be a couple steps ahead for what may or may not be
Gec66: There may be others, but EverBank here in the U.S. will allow you to deposit USD, exchange it to one of the foreign currencies they offer and allow you to hold funds in that currency. They also offer CD's in foreign currencies as well as currency baskets, to spread your funds across multiple currencies. That will be my first move post-RV to avoid any wild currency fluctuations that may decimate my value.
[captaincaveman] if this thing doesn't pop very soon, I'm afraid it will no longer be a solution to the global economic problems....but merely a band aid
[BigB] cruiser Oh wise one, what is the next piece of new we are looking for today?
[cruiser] BigB A big black jet landing!!!!
chillimac] booyah everything thing that we know of has been done, we just wait for the codes to fall into place hun
[captaincaveman] I think it will happen this weekend but hoping for this hour
Read More Link on Right
[dealdoctor] Life is surreal now. The world economic situation is going buckwild crazy bad and I am watching on TV a lady at the Olympics dressed in a riding outfit that looks like a tuxedo with a top had riding a prancing horse and the crowd thinks this is wonderful. Fiddle while Rome burns or what?
english guy on squak on the street, anyone know?
[dealdoctor] Bloomberg saying Danghi really disappointed markets because he had raised expectations that anything needed to save the euro would be done but what was said today was only that the ECB MAY go out into the open markets and buy sovereign bonds BUT what he really did was ask gvts to act instead.
paradisegirl] Draghi is head of the ECB - European Central Bank
[dealdoctor] He is the leader of the European Central Bank which is like the FED for the European Union
steveg] dealdoctor That goes to my point - what a better time than today for the ECB to step in with a solution for funding but yet no RV.
[steveg] What more is needed for this to pop. We all hear of this situation and that situation that will make this release yet nothing. Are we sure all these events; the market, Euro, Olympics, arrests, etc are not pure positive speculation by folks reaching for a positive outcome for the RV?
[BigB] steveg Its all speculation! We get a tidbit of information, bring it into our RV think tanks, and analyze the hell out of it looking for any correlation to the RV. Optimistic speculation. It is the best we have!
[steveg] BigB Agreed - that is fine for us but we are told by others this is all done and they have the sources that tell them so
[BigB] steveg Done and implemented are two different senarios. We can be done for hours, days or weeks. The next and final step is implemation. That is what we are looking for!
[sonnayhwh] Currency today is 95% digital. . .it doesn't really exist. . .numbers can be added and substracted without consequence. . .the global reset is about people/resource management. . .the RV is our breather. . .let's use it wisely. . .(now, back to lurking ;) )
[dealdoctor] debneureka One major problem is that now we look to BANKERS to solve our problems. We do not expect our elected officials or the actual businesses that make products and produce services to solve the economic crisis. We look to bankers who we do not elect and who also PRODUCE nothing.
[Stitch] dealdoctor excellent point!!
[dealdoctor] sonnayhwh exactly
[pappyy] dealdoctor great point, bankers are in the business to make money and don't always have our best interest at heart!
[dckb75] Making sure I understand, the central banks are saying they can do nothing else to help and PTB are going to have to step in and do something. (Hopefully the RV)
[dealdoctor] pappyy that goes especially for the Federal Reserve Bank which is a PRIVATE bank with its own stockholders. It is NOT a part of the U.S. Federal governement anymore than Federal Express. Whoa! Dwell on that for a while.
[sonnayhwh] dealdoctor - That's correct, and consider also that the IRS is not subordinate to the UST, but to the IMF. Put those together, and a lot of things make better sense.
[captaincaveman] Market manipulations
[BigB] sonnayhwh You are dead on
[dealdoctor] sonnayhwh you got that right
[Austin-Powers-For-PM] Quote of the Day: “This was a big disappointment for the market because it was not immediate action,” Marc Chandler, chief currency strategist at Brown Brothers Harriman said. "All major central banks did nothing but hold out the promise of big action next month. This is a big reversal on the euro.
[Austin-Powers-For-PM] "Big action next month" Hmmmmmmmmmm...........
[BigB] I was just looking at he markets. Seems there already is an "adjustment" upward compensating for the bad news. I just figured it out. Maybe the "adjustment" are made to control the net effect of the market so things appear "status quo". I think manipulated could be a better term.
[steveg] manipulation to what end? Is the manipulation being done to start the process or stop the process?
[dealdoctor] steveg One might suppose it is being manipulated to cause a failure that would then make the RV happen...like being part of an ACT to manipulate the situation for everyone to agree with a BIG change
[dealdoctor] steveg It is the London Inter Bank Rate. It is the rate at which banks lend to banks and THAT rate affects trillions of dollars of loans worldwide. It is the center of the financial solar system. They have tinkered with it..the mother of all bank scandals...
[steveg] BigB if that is in reference to manipilating the market do we know for sure it is to start or stop a change to the status quo?
[BigB] steveg Well, I have given that some thought. It is kind of like driving, as you are going down the road, you start to go out of your lane, you make a correction. If you overcorect, you must do another correction. and if you overcorect again, you just keep makeing bigger corrections until ....
8-1-2012 Tony I have to say on January 1st, I did not plan to be on this call on August 1, but it is what it is. From everything I got, the financial side is done, everything in Iraq is done...ready to go. I do think the banking system is ready and done. Yesterday in Iraq, they closed down some 160 exchangers so that the currency can stop being black marketed...yesterday they changed the law.
Alot of people think it should have happened today. We know that this is not going into January. Because of the meetings that were held and the money that was transferred, it makes sense for them to do it. Hopefully we will see a breakthrough tonight or tomorrow, but if not we still know it is going to happen. We are really, really close.
Highhopes: House votes to extend Tax Cuts for all Americans: http://www.newsmax.com/Newsfront/tax-cuts-house-extend/2012/08/01/id/447312?s=al&promo_code=FA34-1.