[BWM] HEY TONY...
[BWM] just stopped by for a second as I will prolly be offline most of the night....need to address several of the key points from a lot of discussion going on today
[BWM] first of all... lots of talk about the UST notes... while I'm getting conflicting opinions from bankers and economists on this topic, here is the bottom line... as long as the Fed is around we won't see any UST notes IMO
[BWM] we had a mod discussion today about the time frame for the charter from 1913... here's some links that will help
[TEX] BWM so is this reallly happening?
[BWM] Federal Reserve Act: http://www.llsdc.org/attachments/files/105/FRA-LH-PL63-43.pdf
[TEX] BWM I was wondering if the banks are really ready for us.?
Read More Link on Right
[BWM] from the federal reserve site itself: Is the Federal Reserve Act going to expire? No. The Federal Reserve Act of 1913--which established the Federal Reserve as the central bank of the United States--has been amended or altered by the Congress numerous times over the years, but the act has never included an "expiration date" or repeal date. As stated in the law itself, the Federal Reserve Act can only be repealed, amended, or altered by the Congress. http://www.federalreserve.gov/faqs/is-the-federal-reserve-act-going-to-expire.htm
[BWM] TEX anytime I hear someone give a date... like oh definitely before this date or that... I just cringe... it's that feeling of dread that someone has dropped the family china and you're afraid to look
BWM: TEX I apparently don't always share some of the enthusiasm that those that like to throw dates around do
TEX: BWM I am glad to hear that
BWM: I'm just saying... ppl are telling you to look at this and that... there are easily determined things that can clarify those things before you even have to look it up... point 1. the new UST notes will be out on this date or that. The new currency models that we have seen all say Federal Reserve Note... until that changes, you won't see UST notes until the Fed is gone... spent a great deal of time, trying to find anything of legitimacy that shows or says the FED charter was limited to 99 or 100 years.. and as that note from their site itself shows they have not term limit
BWM: point 2. in order to introduce a new currency to the nation don't you think there would be some type of education order in process, at least a couple of pics or such... I'm not saying by any means this hasn't been in the works for years, but economists have stated to me that this would be an epic transaction to transfer the money with the concerns of monetary value on currency (fiat currency vs. gold backed currency). This would create chaos with merchants and retailers in acceptance of new currency and old currency along with possible increases in counterfeiting...
BWM: the banks have been seeing things for weeks and months... just because it's on their screens they'll tell you doesn't mean anything... is it fun to report on and think because they got a memo that the currency would revalue by friday that it's real? well sure, but this has been going on for way too long... the banks themselves have gotten quite upset...because it shows that while they are getting lied to, they also have no clue about this on a daily basis...
chocolaterv: BWM I know they are pretty frustrated as we are ... probably more so
AndieZ: chocolaterv - they are especially not used to be lied to
chocolaterv: AndieZ yes I sure and that's what is probably so frustrating
joyjoyjoyjoy: BWM Why do you always sound so neative and jaded? Would love to hear you be positive, not asing for hopium, just not so negative. Wishing you all good things nonetheless
BWM: joyjoyjoyjoy not being negative at all... just realistic... there is still reason to think this can happen... just not for some of the reasons that some think.it's hard to explain some things sometimes when you're not willing to just put stuff out there like some... I really am only looking at this from the standpoint that I don't want ppl taking unnecessary risks based on what myself or someone else might say
donnalynn: BWM just your feeling but how much longer do you think. I heard today, then sometime this month thru March 2013 and then I read someone say 2014.
BWM: donnalynn do you want the hard, honest truth... I mean really... I'm not sure joyjoyjoyjoy can take it? LOL
donnalynn: BWM lol I need the real truth I'm tuff
Lance: everybody wants there money, its just a pissing match till everyone gives enough and still have that warm fuzzy feeling like they got what they want
BWM: joyjoyjoyjoy donnalynn ok... here's my timeline...I still have reasons to look between now and first quarter of next year... after that, I fear that things could escalate into 2014... but again, information changes daily... so is there a chance this could happen now? SURE, but like every good discussion there are other factors you could say will cause this to take longer... as many say that Iraq is in control (and I disagree completely) I still think this will all come together and all the information will line up like Iraq problems (hcl, chap 7, etc.) and then the other information about IMF and global realignment... the point is this, we don't really no but we do eliminate things that we can rule out and keep looking for the other options that exist...
donnalynn: BWM Thanks for you honesty. It gives me something to work on for my future and what I need to do
WM: donnalynn I want it and need it now as bad or worse than anyone... but like we've said, I can't change it so I keep working to survive til the time comes
Lance: how can iraq get out of chapter 7 w/out a currency of there own ?
chocolaterv: Lance from my understanding we can have an RV before they come out of C7 but cannot come out without C7 ...
BWM: well guys... gotta run but y'all have a good one... and Merry Christmas!
BWM: it's december... we can say that now.... lol