(Note: Recaps will post the notes from last nights Frank26 Call as soon as they are available.)
CVBC » October 15th, 2013, 9:27 am • .
Frank, Nova, Bluestar....Thanks for the very informative call last night. I do have a question about a comment that Bluestar made. He said...
Big wigs who are already cashing in, who are re-cashing and double dipping as we speak...
Is he talking about individual VIP's cashing in and exchanging into different currencies?
or Is he talking about Countries (Central Banks) cashing in and exchanging into different currencies?
Either way... I think that this piece of info is HUGE.
It is coming family...It is coming...
Read More Link on Right
Benblessed1: I believe he is referring to VIPS whom are either authors of the plan, or people who they want to financially reward- i.e. SOME Congressional members but not all as some were trying to stop Obama care---they likely did not get paid- I had heard some in Congress were furious about not being able to exchange yet...but that is all HEARSAY.
Society: This week looks strong as a possibility to see the ri.....ISX is shut down along with the CBI until Sunday.....there has been many articles stating concern over confusion within the country and how mass media means will be utilized to minimize this confusion......while Sunday may look obvious as a great day to see a rate increase, I believe they will do it sooner if this is our week....
If we look at this as a whole, we are pretty certain there will be other currencies that change value at that same time as Iraq....Nova stated that in his opinion, when they are ready, the switch will be flipped no matter what day or time.....Bluestar said that a deal is done and will pass Wednesday morning in the US and he then looks to later on Wednesday as probable.....
I personally like the probability of Thursday afternoon in the US.....this will be late Thursday evening in Iraq giving Friday morning for education in the mosque's, Friday evening/Saturday all day for educating the country and repricing and then Sunday opens with minimal confusion....
The first announcement related to the ISX stated something about calculations on Monday, reopen Sunday with knowledge, all fine. Now they may have been talking of something unrelated or translation was questionable. Nonetheless, I found this curious.
Even Frank seemed to believe that if a US deal is done this week, look out.....That being said, Frank has been pointing to Nov 1.....
Nova said that just like the bank shut down of Panama, the shut down in Iraq may not result in the ri at the end but that clearly something is about to happen.....he also pointed out that he would not expect this 30+ days from now as all the financial bigwigs would have to be brought back......that being said, he pointed out that this length of shut down in Iraq has never happened over Eid...
The bottom line of this rambling.....IMO, IF this is the week that we see the ri, if they wait until Sunday when the country reopens to tell the Iraqi people, there will be significant confusion in the country....this confusion will be substantially mitigated if the announcements come before Friday morning in Iraq.....
In fact, IMO if we do not see the ri before Friday morning, we should then start looking to the next dates where Frank is already pointing....
Toyvp :.Soceity if I might add just a little more to this there seems to be a thought process saying to everybody that Iraq has to be open for business in order for the ri to occur.....I don't know about them but I bank here in the U.S........ Now with the 3 day Eid al adha being extended what better time for the shop keepers to get there prices changed,.........On a side note, I personally am very curious about the Qi card..
Then there is the HCL, 140, 3 missing ministers and the lower denoms not to mention the ATM's that we have not heard anything about in quite some time although we have seen a few articles on the tarriffs law yet nothing very concrete.
To sum this up I have to say that it has been very quiet on all these items........way too quiet!!!!!!!!!!
Disclaimer: this was meant purely for expanding thought process's any and all debate's are welcome but will not elicit any respones by it's author
Society: Hey Toy....Agreed.....and, ironically, many say it has to happen when the US banks are closed in order for them to get ready......this is also illogical to me as only an estimated 1% US citizens are affected and banks already do foreign currency exchange dailey.....all they need is a rate and they are ready......
whereas in Iraq, 100% of the population is affected and everything will have to be significantly repriced in IQD....where this transition is eased is in the fact that reportedly the markets are significantly dependant on the USD.....nonetheless, I have always said that if it occurs during their normal business hours, the person that buys a coke for 1,000IQD will not be happy when the next customer only has to pay 1IQD or less......think about bigger ticket items.......
IMO, this will only occur when the country is on holiday or essentially shut down from normal business hours to minimize any negative effects.....IMO, Thursday late evening has always been the best time in Iraq ......the mosque's can then be used as the front line strategy to announce and educate early Friday morning.....
kufu21 » October 15th, 2013, .
U.S. to delay release of TIC, currency reports due shutdown
WASHINGTON | Mon Oct 14, 2013 5:46pm EDT
(Reuters) - The U.S. Treasury said on Monday it would delay the release of reports on exchange rate policies and international securities holdings due to the partial shutdown of the federal government.
The Treasury said it was postponing a semi-annual report to Congress on foreign exchange policies, which was due on October 15. That report often chides nations such as China for keeping their currencies undervalued in order to boost exports.
The government will also delay release of monthly data on securities holdings, which provides estimates on stock and bond purchases around the world. That report, known as Treasury International Capital data, or TIC, was due on October 16.
(Reporting by Jason Lange; Editing by Leslie Gevirtz)
Hmmm...connect the ............
jdtolle » October 15th, 2013, Good things you deserve
Living richly isn’t just for someone else. You deserve a life that’s filled with richness and joy, and you deserve to be the person who makes it happen.
Good fortune isn’t just for someone else. You deserve to have good fortune, and you deserve the experience of creating that good fortune with your attitude and your efforts.
You deserve to have a lucky break. So get busy and do what it takes to give yourself one.
Let today be the day you stop waiting for something good to come along. Get up, get going, and make something good, valuable and meaningful out of what you already have.
Go ahead and give yourself all the good things you deserve. Feel how great it feels to be positive, focused, helpful, compassionate, caring, productive and joyful.
You deserve the best in life precisely because you’re fully capable of making it happen. Your opportunity to live richly is here and now, so put it to outstanding use without another moment’s delay.
— Ralph Marston
May All Have a Safe and Blessed Day