I4U Topic: ~ * We Will NEVER Forget 9/11 thank you Military, Police, Firemen, and Emergency Personell for their services. * ~
cruiser] US Trade Deficit Edges Up; Exports to Europe Tumble: "The U.S. trade deficit grew slightly in July, as exports to Germany, France and other European nations shrank and imports from China soared to a new record". http://www.cnbc.com/id/48984361
childofgod] cruiser gm - Do you feel good about this week? LOL
[cruiser] childofgod always feel good. Will it show. Have no idea. Thought it would have months ago.
[jutta11] shasta7 hi, i did some checking for the Deutsche Mark situation. and i found info about: in normal life there is no DM used because everything like parking meters and vending machines only accept euro. They will print new deutsche mark currency, they won't use the old one. Since it will cost them a fortune to do all that, it is undecided. Using the Deutsche Mark right now it impossible because there is on value established. I got this from several german sources like reputable news papers and govt. announcements.
[jutta11] usind the DM is impossible because there is no value established.
[jutta11] too early for me to type correctly.. i need another cup of coffee..lol
[BOBGETZ6] jutta11 Isn't there some sort of legal battle going on in Germany re the Euro?
Read More Link on Right
[jutta11] yes there is and the highest judge is deciding that tomorrow
[BOBGETZ6] jutta11 That should be very interesting.
[BOBGETZ6] I will be glad when my mind can go back to more local rather than global. I have many things I would like to do for the community and concentrate on that.
[jutta11] BOBGETZ6 yes, it will be.. the change will have the effect of products in the euro countries will get cheaper because the euro will drop.. and goods from germany will get more expensive. I do not really see a problem since we only export expensive cars anyway.
[shasta7] jutta11 .... they are NOT doing it openly... newspapers & gov't's would never tell you this... & IF or should I say WHEN they go back to the DMark the old currency will be able to be exchanged for the NEW DMark... same as other european countries... by the way both Germany & France already has the NEW currencies printed... just not allowed to be said...
[jutta11] shasta7 maybe this is happening between govts and banks, but not on the street. It is against the law right now. You would evase taxes doing business with DM. That is the reason. And you do not want to mess with the german IRS, they close your biz and take your passport away while under investigation.
[da58] shasta7 I had read they had their currencies printed as well..the euro is going down eventually \, as in adios.
[jutta11] da58 yes are still printing, since germany prints themselves. that is true.
[healthscans] BOBGETZ6 do you believe that if it doesn't happen in September, it won't happen until after the election?
[da58] jutta11 I wish I knew how to print currency..see? they never teach us what we REALLY need to know in school..
[SWFloridaGuy] Ram1 They are going to address economic policy and removing the zeros. None of this points to a RV specifically but I would assume if Iraq is going to be moving forward with any significant economic reforms it would certainly be a topic of interest and addressed at this conference.
[BOBGETZ6] healthscans I really have no idea, nobody does. If I were to guess, I would say much sooner than later as the world's economy needs it now.
[annabelle] SWFloridaGuy Is that this week or next?
[shasta7] jutta11 .... Ordinary Germans are already using Deutsche Marks again. They do not wish to anger the Euro Royalty in Brussels, so it is keep quiet. The nation's populace was forced officially to trade in the currency for Euro bills and coins when the 2002 year began. At that time the DMark immediately ceased to be legal tender. However, that did not stop 13.2 billion in DMarks, worth EUR 6.75 billion (=US$8.3bn) from remaining tucked in mattresses, basement strongboxes, old books, coat pockets in closets, wall crevices, or in bank safety boxers. It has begun to re-enter the circulation, according to the Bundesbank. The cash volume is more than the EuroZone's 16 other former currencies combined. From pharmacies to private shopkeepers, the DMark is honored. The Euro currency is on its last legs in Germany. As the European bond crisis rages on, as the big Euro banks teeter without end, as the bank runs pick up steam, the DMark is making a comeback, just like the Lira is in Italy.
[mimi3] Read today where the usa 's credited rating may be down graded AGAIN!!
[shasta7] Read the whole article it spells it out... :-) http://news.goldseek.com/GoldenJackass/1346270400.php
[annabelle] SWFloridaGuy thanks
[SWFloridaGuy] shasta7 Golden Jackass is solid huh?
[shasta7] SWFloridaGuy ... well Jim Willie is respected by alot of people
[jutta11] shasta7 I read this guy's link and I don't know where he gets his information from but my connections are many ordinary Germans and they do not use DM at all. I think his fantacy is working overtime. How could you prove if he is right since you don't live there and he doesn't either. They mentioned that some jokers took off from the meters and vending machines the euro sign which was attached over the DM. Now it looks like you can put DM in there, but in reality it only accepts euros. Just my 2 euro cents. I don't believe most of what he said.
[shasta7] jutta11 ... France & Germany ready to abound the Euro Bob Chapman : France and Germany are getting ready to abandon the failing euro and go back to their previous national currencies , in fact both France and Germany have starter to respectively re-print the Franc and the Deutschmark , Gold and Silver prices are ready to shoot up again as it seems that JPM and HSBC have already covered most of their short positions in silver so there is no more reasons for them to knock the price down , expect Silver to go back up over $50/oz and Gold to over $2200/oz and may be $300/oz before the next February , they just cannot hold the market down for ever says Bob Chapman
[annabelle] Seems like big dates come and go and there still is no real back wall when it comes to the IQD NEEDING to actually increase. Anyone know if this Sept is any different from last Sept.??
[SWFloridaGuy] This is not the same thing as the 2011 Iraq Mining conference. Or the IMF and World Bank meetings last year.
[BOBGETZ6] annabelle There has been so much done. We are way past where we were last year.
[annabelle] BOBGETZ6 thats good
[da58] BOBGETZ6 that's an interesting thought...going back to the 'local' me..thanks, you stimulated my mind this morning, going to think about that!
[BOBGETZ6] annabelle If there were not so much greed, dishonesty and political posturing, we would already be where we want to be and that is out of the IQD.
[annabelle] BOBGETZ6 sad- but true
[Ram1] SWFloridaGuy So are you feeling they need to RV before the London conference? They went last year without the RV.
[SWFloridaGuy] Ram1 They went last year where? Not to this one.And no of course they don't have to RV prior. They don't have to RV at all. Show me the conference you're talking about last year. There were financial conferences but not this one. I see that people keep saying that they had this conference last year but they didn't. Iraq Finance 2012 is the first international conference and exhibition on banking and financial institutions in Iraq.
[Ram1] SWFloridaGuy BWM mentioned it last night in his comments on Dinar recaps.
[SWFloridaGuy] Ram1 Yeah I know, he's wrong.
[SWFloridaGuy] Ram1 http://www.thebanker.com/Events/Details-of-partner-events
[Ram1] SWFloridaGuy Well that is wonderful news. Thanks for clearing that up. Do you feel they will RV before the conference to make themselves look better?
[SWFloridaGuy] Ram1 I really don't speculate on dates or rates. I don't have a clue. Like I said previously I just think that whatever economic reforms they are going to be making will be addressed. Usually economic policy is laid out 10 years in advance and I do think the zeros being removed will be discussed.