Thanks My Ladies for letting us share from your private chatroom
LM: ML … What’s your take on how long this global rout can continue until we see a new system and get to make our exchanges - Not asking for a date, but a sense of how close we might be?
Sager: LM: It was talked about last week. Let's see what happens with the bonds in September. If they sell them internationally, which is the plan, then we need to see the iqd trade internationally prior to that
AW: LM,....besides the international sale of bonds, look at the many other indicators such as; the ISX telling the world "do you want to trade on-line with us? If so, you have until 27 August to submit your info to us." Also, the ISX just last week told the world....."we want to know who wants to be our custodian bank."
These are tremendous indicators that the status of the IQD is preparing to change.
AW: this is also another example of, as ML described it "..........rushing up to the starting line and then waiting......" these different entities within Iraq continue to impose datelines (rushing up to the starting line....)...and why???? I believe they are setting these deadlines because they are expecting a significant event to occur with the IQD and they need to be prepared for it.
PrincessDD: Was the last few days of global sell off big enough for Iraq to react or prep it for a reaction next month at least?
Sager: We will know soon enough
LM: On 8/24/15, at 8:15 AM, - SAGER - wrote:> This is part of the process to move to the new system I believe… So good for us
I sure hope we don’t have to wait long for the new system! Make our exchanges and move on to protecting our new assets
MVL: ML reminded us a few days ago that, at this level of finance, the minion work is figured out a long time ago. What may appear to us as an unreasonable delay, given the headlines, is actually a carefully thought-out orchestration that's been in the works for some time.
MA (Martin Armstrong) likes to say it has to be completely broken, before somebody fixes it.
PrincessDD: Another game of musical chairs:
Households just saw $1.8 trillion in wealth vanish as stocks fall http://www.marketwatch.com/story/households-still-hold-22-trillion-in-stocks-even-after-market-rout-2015-08-24
MEMPHIS: I just received some emails from a family member that get into the heart of the misinformation that is so rampant. Not everything that we read in alternative media is the truth!
This is so important I could go on for hours but allow me to offer here the short and simple reply that I offered him in an email reply.
The question posed is regarding a mysterious group called the plunge protection team whose job it is to stop massive market movements to the downside and artificially prop them up.
On the surface it might seem quite likely to us and yet we MUST ask: "What's the truth?"
Here is Armstrong's good answer from a week or so ago: http://www.armstrongeconomics.com/archives/35913
In search for the truth...Memphis
MY LADIES: I DID NOT READ ARMSTRONG TODAY OR ANYONE FOR THAT MATTER REALLY YES...I'M SWAMPED BUT PLUNGE PROTECTION TEAM = CIRCUIT BREAKER.
Later this afternoon:
PrincessDD: "Trillions of dollars were lost today and I would like to know what happened."
MEMPHIS: China's stock market has seen over $4T (USD) evaporate in the past few months but this takes on value to us if we also consider that their stock market GAINED earlier in the year at a near equal level.
I mentioned in January that "volatility" was the new buzzword that would be used by everyone and in simple terms this means that capital is uncertain, confidence is ever shifting, and deflation is having it's way.
As in the 1930's, capital was likened to that of an unsecured cannon on the deck of a ship in the midst of a sea tossed tempest. It is sloshing about and will INCREASINGLY continue to do so as the sovereign debt crisis unfolds.
No guesswork here. The news we have read here in this room has all been pointing to this as we now watch with interest to see what the reaction will be by those at the top.
I follow some very smart people and even they are not in full agreement on what these reactions will be BUT THATS OK. (note: I have some amazing links to recent interviews with some of these thinkers that I plan to offer as soon as I have time. I believe it will help many.)
Knowing what's truly at play gives us a level of confidence that these events are nothing new, they repeat with great regularity, and the ONLY thing exceptional this time around is the great height from which it must fall.
(note: If that last sentence makes no sense please tell me as I it is an important thing for us to all factor into current events!)
One closing thought that might help in our perspective is; All of the manipulations by central bankers have largely been used up in what has been described as "the twilight zone of global finance" and the business cycle is now being allowed to have it's way.
I know this probably does little to contribute to answering questions but we can certainly hash it all out as time goes on. (handshake)
Princess DD: Well it would help to know a little bit on how it plays into our investment if at all.
Princess DD: if it is part of the phase out of the old banking system or whatever it is....
Memphis: As ML alluded to earlier, the system must and will crash and burn (my words) before this is finished.
At what point the IQD factors into things is open to discussion. I have opinions and they too shift from day to day but as an opinion only? I believe we could see it anytime into the fall season. As things wax worse and worse my optimism actually grows.
MY LADIES: IS THE DOW TIED TO THE DINAR OR OUR INVESTMENT AT ALL???? THAT IS A REAL QUESTION...ANYONE???
AW: The debt side of the ledger being adjusted.
MY LADIES: OK….IS THE PRICE OF GOLD OR OIL TIED TO OUR INVESTMENT?
MY LADIES: OK….IS CHINA STOCK MARKET TIED TO OUR INVESTMENT?
MY LADIES: OK WHY ARE WE STUDYING THESE THINGS?
MVL: Because what we see now is the old system collapsing.
MY LADIES: OK…: SO WHAT INDICATORS ARE WE LOOKING FOR THAT DO APPLY TO OUR INVESTMENT? THAT IS A REAL QUESTION
AW: The move of the IQD to the world currency markets.
MY LADIES: GOOD AW….WHAT ELSE?
AW: Indicators........custodian bank.....for the ISX
MY LADIES: UMMM HUMMMM…….WHAT ELSE?
LM: On 8/24/15, at 10:13 AM, AW wrote: LM ,....besides the international sale of bonds, look at the many other indicators such as; the ISX telling the world "do you want to trade on-line with us? If so, you have until 27 August to submit your info to us." Also, the ISX just last week told the world....."we want to know who wants to be our custodian bank." These are tremendous indicators that the status of the IQD is preparing to change.
MY LADIES: BOTH OF YOU...LM NICE USE OF AW’S COMMENT
AW- Rushing up to the starting line......
PrincessDD: well I remember that my questions are about what are seeing today. , is this the collapse or is it farther down the road? Not sure if this one is premature since all things September/October is when it was expected.
MY LADIES: : OK SO WHILE WE CAN NOT SHOOT AN ARROW FROM THE MARKETS OR CHINA AND HIT THE DINAR WITH IT THESE THINGS ARE IMPORTANT TO US BECAUSE WE ARE WATCHING CHANGE.
WE CAN NOT HAVE A NEW SYSTEM WITH ALL THE OLD SYSTEM DOMINATING THINGS.
SOO WE ARE WATCHING THINGS SLIDE TO H*** JUST LIKE WE ALL KNEW IT WOULD.
THIS IS A CONTROLLED CRASH I THINK WHICH IS WHY WE ARE NOT SEEING FREE FALLS.
BUT…BUT… WHAT WILL COME UP ON THE OTHER SIDE OF THIS???
MY LADIES: THAT'S A REAL QUESTION
PrincessDD; The repricing of the dinar
MY LADIES: RIGHT..AND WHY?
PrincessDD; because it is the asset side of the ledger
MY LADIES: OK....AND WHAT ELSE
Blessed153: Because we are already part of the new via the currency we hold
MY LADIES: OK AND WHAT ELSE
buckeye: THE NEW SDR BASKET? THE OLD INDEX IS GONE
MY LADIES: YES...AND WHAT ELSE??
WHY WILL WE SEE THE DINAR TRADE ON THE OTHER SIDE OF THIS COLLAPSE???
Buckeye: TO BRING STABILITY BACK TO THE WORLD ECONOMIES
PrincessDD: because it will react to the collapse and come up with its little asset backed self.
MVL: The dinar will be pegged to the dollar; the dollar isn't going anywhere.
Sager: Because it is a support currency. A donor country. Part of sdr basket +1. It will be in central banks foreign reseves. Also in bis's balance sheet -: And asset backed
MY LADIES: AND WHAT ELSE???
Sager: Silk Road
MY LADIES: WHY WILL WE SEE THE DINAR TRADE ON THE OTHER SIDE OF THIS COLLAPSE???
MY LADIES: GOOD SAGER...ALMOST
Blessed153: : It's time. It has been the plan for the dinar for 40ish years. They are doing away with the old and now it's time for it to be introduced back into the world as the beginning of the new system and as an emerging market along with Iran's.
These countries fill in the holes in the Silk Road.
MY LADIES: THE CURRENCY IN THE NEW SYSTEM AND THE SILK ROAD EVERYONE HAS TO BE IN THEIR OWN CURRENCY!
MY LADIES: SO NOW WHILE NOT SPEAKING TO VALUE WE KNOW THE DINAR WILL NEED TO TRADE.
NOW SPEAKING TO VALUE IS OPEN FOR DISCUSSION BUT WITH THE POLICY IN PLACE TO SETTLE IN THE DINAR I FEEL IT WILL NEED TO BE ON PAR WITH THE INDEX WHAT THAT IS AT THE TIME.
MY LADIES: YEP GOOD BLESSED...
MY LADIES: NOW PRINCESS AS FOR "ARE WE AT THE BOTTOM OF THE MARKET YET" ..THE ANSWER IS NO… NOT EVEN CLOSE…
PrincessDD: ok thats what i wanted to know. Thanks Mary. It was a biggie today and it made me wonder if this was it.