[sunny] puppylove I'm hearing dire predictions re banks closing 3 days to switch out Fed notes for new currency. How many people here over 60 and remember the transition to Fed notes? It was peaceful and no problems. A 1 - 1 exchange.
[okrocks] Federal Reserve Notes are the only type of U.S. banknote currently produced. They are distinct from Federal Reserve Bank Notes, each of which was issued (until 1971) and backed by one, rather than all collectively, of the twelve Federal Reserve Banks.
[grannyb] i also have a treasury note as well as silver certificates
[childofgod] okrocks Didn't Nixon remove the gold standard in 71?
[okrocks] The Emergency Banking Act of 1933 removed the gold obligation and authorized the Treasury to satisfy these redemption demands with current notes of equal face value (effectively making change). Under the Bretton Woods system, although citizens could not possess gold, the federal government continued
[okrocks] the federal government continued to maintain a stable international gold price. This system ended with the Nixon Shock of 1971. https://en.wikipedia.org ··· rve_Note
Read More Link on Right
[Maryrose] okrocks okrocks when did the US stop having physical gold and silver to back our money. It was way before Nixon, yes?
[Readynow] Maryrose I believe Nixon took us off the gold standard.
[childofgod] Readynow yes in 1971
[okrocks] Maryrose The Emergency Banking Act of 1933 removed the gold obligation and authorized the Treasury to satisfy these redemption demands with current notes of equal face value (effectively making change). Under the Bretton Woods system, although citizens could not possess gold, the federal government
okrocks] the federal government continued to maintain a stable international gold price. This system ended with the Nixon Shock of 1971. Present-day Federal Reserve Notes are not backed by convertibility to any specific commodity, but only by the legal requirement that they are issued against collateral.
[that guy] Is there any hopium for today yet?
[nolaspice] yes - there is a full moon tonight - it is a holy weekend - aprils fools (cause we all like a great joke) perfect for an rv to slide in
[Papa Bear] Dont miss your appointment . Word to the Wise!!!
[Robertprofessor] Papa Bear Hello Do you see the appointment as a binding obligation?
[Papa Bear] If you want to get whats behind that curtain. UNDERSTAND?
[Papa Bear] Robertprofessor Phone call u make will give u the options but once locked in LOCKED IN NUFF SAID
[catz] Papa Bear, will WF make us keep a large percentage in their bank? If so then I worry about them or the gov't taking part of it like in Cyprus.
[Papa Bear] Dont make things hard on yourselves.
[deniseanderson] Papa Bear we're ready to make them phone calls and lock in lol
[care888] Papa Bear ..i think it will not be as difficult as some fear
[Robertprofessor] Papa Bear I like the sound of that. Do you see the CE process being less complicated than we tend to make it?
[Papa Bear] catz Reset will handle. IMHO
[Papa Bear] Some % required but deal with it. Diversify
[Papa Bear] Read paperwork at bank. HINT HINT
[Papa Bear] CE not cashin. OK
[Robertprofessor] Papa Bear I hope the paper work at the bank is in people English and not legaleze.
[Papa Bear] Dinarblessed I always want people to be openminded and openhearted. The world is changing for our children and grandchildren.
[Papa Bear] Yes read N/D. If u cant comply and walk .
[okrocks] I think its good to think ahead and try to visualize and plan ahead
[pat] Papa Bear hi do you have any news good or bad
[owl] okrocks okrocks ..Fail-to-plan = Plan-to-Fail
[TexasMom] Papa Bear Si Si
[okrocks] owl yep
[Robertprofessor] midtex56 We all know this is a once in a lifetime ... once in a world ... opportunity. We're all naturally concerned that we'll mess up right at the end ... I ran track in hs, a miler, don't want to stumble at 5,818 feet.
[Papa Bear] U peeps were born for this. use your heads and resources and dont be afraid
[richc] but when the rate comes it will just pop up with really no warning...only thing that can possibly tip somebody off is that humans cannot keep their mouths shut...if someone truly does know,they will talk,just human nature, i guess...imo
xyz] CBI dollar restricts withdrawals for April 15; Instructions to stabilize the exchange rate of the Iraqi dinar against foreign currencies http://www.burathanews.com/news_article_188839.html
[xyz] Wells Fargo says it has resolved debit card glitch Wells Fargo & Co said on Wednesday that customers had experienced problems early in the day using their debit cards but the "technical glitch" that prevented use of the cards had been fixed. Customers reported on Twitter that their debit cards were being rejected for purchases. The No. 4 U.S. bank by assets worked with card processor Visa Inc to resolve the issue, bank spokeswoman Richele Messick said. A Visa spokesperson could not be immediately reached. Wells Fargo's debit card problems were not connected to web site access issues that customers experienced on Tuesday, Messick said. The bank had previously said its site had experienced unusually high traffic that it believed was the result of a cyber attack.
[xyz] JPMorgan Chase Faces Full-Court Press of Federal Investigations http://dealbook.nytimes. ··· business The issues being investigated range from prior knowledge of the Bernard L. Madoff scam to inadequate prevention of money http://dealbook.nytimes.com/2013/03/26/jpmorgan-chase-faces-full-court-press-of-federal-investigations/?ref=business
[xyz] IMF calls for end to “mispricing” of energy Fund forays into climate debate, recommends $1.40 levy per gallon of gas in the U.S. to reflect social costs of fossil fuel.
[sandytob] Robertprofessor Have you noticed that every time Okie makes a post telling us it is so close, that the ball gets kicked down the road again?
[Robertprofessor] sandytob Since we have not had an RV, and intel gurus and newshounds gurus have posted countless words about it, then I guess they have caused us to not have an RV. By the same logic, the sun has shined for the past ten years, and we have no RV. It's the sun's fault.