10:43 PM [mrrich] Enoch8 what's your take on the Debt Ceiling issue and the dinar?
10:43 PM [Enoch8] Mr R....... I really liked what Marcus said.
10:44 PM [mrrich] yeah, Marcus is amazing
10:44 PM [Enoch8] There will be some sure signs as to whether they plan to make the petro dollar strong or crash it, by what rate the IQD comes out..... IMO
10:45 PM [Enoch8] My bet is they try to make it look like they saved the economy...... but it is worse than the Peyton Place saga....
10:45 PM [pvS] high theeeeeeater
10:45 PM [Enoch8] We all know they are gonna raise the ceiling.
10:45 PM [vested] yep
10:46 PM [mrrich] yeah, we can't default
10:46 PM [mrrich] I mean technically we can, but in reality we can't
10:46 PM [Enoch8] If they did default.... it will be to dismantle and reboot the Fed Reserve to another form of an American Central Bank.
10:47 PM [Enoch8] And we know 2 things......
10:47 PM [Enoch8] The Charter ends in 2013 and so does the 40 year contract with OPEC on the Petro Dollar
10:48 PM [jimpickles] Enoch8 wow..thats a twist
10:48 PM [Enoch8] If that is the plan...... it is to intentionally go off the petro dollar..... then watch it go over the $200 per barrel before we also default the OPEC agreement of 1973 and open up US Oil Fields.
Read More button on right
10:49 PM [Enoch8] If that is the case..... one might think about this....
10:49 PM [kdes dinar] lets play guess that cough number. Ready ...
10:50 PM [Enoch8] The PTB (powers that be) cabals will double dip on a US Devaluation and then revalue to a new Lawful US Treasury
10:50 PM [Enoch8] Think about that as a possibility in the future.
10:51 PM [Enoch8] Plutiods!
10:51 PM [saoirse] mrrich
10:51 PM [jimpickles] LOL
10:51 PM [Enoch8] Maybe they are riding in on planet x
10:51 PM [mrrich] plutocrats
10:52 PM [kdes dinar] guys - its politics - welcome to the world. you cant choose nor can I just vote. lets play - the cough game. P.S. It's cocktail hour
10:53 PM [Unitedrich] Enoch8 hello my friend, thanks for your thought provoking perspective
10:53 PM [Gibbs427] and what do you say going to default will do to the Chinese
10:53 PM [mrrich] so you're thinking that a default might be part of an economic strategy?
11:04 PM [Enoch8] Gibbs427 : My bet is this..... and take this to the bank: if the rate comes out any higher than the $3plus range, they are goona reboot the Fed
11:05 PM [Gibbs427] do you think getting rid of the fed is good or bad?
11:16 PM [Enoch8] Who asked a bit ago about a few cents and to ramp it up?
11:16 PM [jimpickles] Enoch8 me
11:16 PM [Enoch8] That was a good question and I have another question to fire back at that.
11:16 PM [Gibbs427] RVdinar4MyFamily inevitable or else they wouldn't need the lower dewnoms & coins
11:16 PM [Enoch8] OK
11:16 PM [Enoch8] TY Jim
11:16 PM [Enoch8] My question would be this....
11:16 PM [Enoch8] "How can they dedollarize at that low of a rate.?"
11:17 PM [jimpickles] Enoch8 i think i said i expect it to come out pennies to a quarter and slow growth
11:17 PM [Enoch8] Right.
11:17 PM [Enoch8] I would never rule it out
11:17 PM [RVdinar4MyFamily] at what point are the lower denoms a MUST? 500:1 200:1? and does it make sense for then next adjustment to the dinar to be a minor adjustment? does a small correction of say 900:1 make sense in their current sitsuation?
11:18 PM [RVdinar4MyFamily] I am not sure I covered that completely, so ask away if need me to clearifly the question
11:18 PM [jimpickles] Enoch8 whatever valu the dinar has ...it will take whatever that valu is...so many dinar ...to a dollar....starting low seems safe for them to me for the transition..
11:18 PM [Unitedrich] RVdinar4MyFamily excellent question I have always been in the camp that we should not look for 3/1 but most likely 1/1
11:19 PM [RVdinar4MyFamily] Unitedrich I agree, 1:1 makes the most sense because that is what they are using now with our dollar
11:20 PM [Unitedrich] jimpickles or less is probably true, that would still be a significant increase of our output on investment
11:20 PM [jimpickles] Unitedrich without doubt....and i think it will just be the start...
11:21 PM [RVdinar4MyFamily] Unitedrich look at how many people have already made money who invested at the beginning...even if they came in at the 2500:1 they have still made money
11:21 PM [jimpickles] Enoch8 and i'm still thinking we have a wait ahead of us into next year..
11:21 PM [Unitedrich] jimpickles the critical part imo, is when it does revalue, at what point, if we have one, do we necessarily have to go all in, or wait for a period of time
11:21 PM [jimpickles] RVdinar4MyFamily yep
11:21 PM [Enoch8] I am pretty sure MH does not talk to P33 anymore sinse he banned her, myself and her husband from his site in Dec, 2009.
11:22 PM [Unitedrich] RVdinar4MyFamily correct
11:22 PM [jimpickles] Unitedrich yes ...we won't know that until it happns i think
11:22 PM [RVdinar4MyFamily] bigger question in all of this is why would they throw away all they worked for over the last 8 years to get from 4000:1 to the current 1170:1 by lopping?
11:23 PM [Unitedrich] jimpickles I agree, there is nothing written in stone about a timeframe that I have seen, merely speculation
11:23 PM [RVdinar4MyFamily] beachdreaming no, no lop, it will not happen
11:23 PM [RVdinar4MyFamily] if they were going to it would have been at the beginning, not now
11:23 PM [beachdreaming] RVdinar4MyFamily nope..
11:24 PM [Enoch8] jimpickles : Again I would not argue that as a possibility.... but there are also signs in the trail that might indicate otherwise. Who knows?
11:24 PM [Enoch8] Nobody knows.
11:24 PM [jimpickles] Unitedrich yes and all the discussion of lop seems more of not understanding a posibility of new currency being issued without all the zeros...no matter what happens the valu will increase as they get on their feet internationally
11:25 PM [RVdinar4MyFamily] Enoch8 we know, we just aren't sayin
11:25 PM [Enoch8] On that, we agree jimpickles
11:25 PM [jimpickles] Enoch8 i am not saying it can't happen at a dollar or more....just will be pleasantly surprised...
11:25 PM [chuckles] hey E thanks for stopping by
11:26 PM [Enoch8] Right.
11:26 PM [Unitedrich] jimpickles that is so true. I think that the possibility of an increase over time is a real possibility
11:27 PM [RVdinar4MyFamily] jimpickles the lower denoms are absolutely necessary for the increase of the exchange rate, can do day to day transactions without them with a increase of rate.
11:27 PM [chuckles] money is nice, happiness is priceless
is nobody hearing what kdes dinar just announced?
11:27 PM [Gibbs427] Lawyers, guns and money can't get us out of this.....
11:27 PM [kdes dinar] The international press is burning up - 3 text messages in 5 minutes - something is cooking
11:27 PM [RVdinar4MyFamily] cannot do day to day*
11:28 PM [chuckles] but who am I kidding I just got back form vacation so I can't complain
11:28 PM [Gibbs427] kdes dinar the shiite has hit the fan
11:28 PM [Unitedrich] ghost... what hit the airwaves?
11:28 PM [jimpickles] RVdinar4MyFamily will be a time of transition where they may have small denoms not worth anything...but i agree