From Recaps comment section:
RALPH 6/16/2016 14:23:12 THE TRUTH,THE WHOLE TRUTH, AND NOTHING BUT THE TRUTH.
So what is the truth about this entire R.V./G.C.R. process?
1. Is everything complete in Iraq?
2. Is everything complete with the Chinese Elders?
3. Has the New Republic completed their removal of the Cabal both financially and politically?
4. Will announcements be forth coming from Iraq, the Chinese Elders, the New Republic?
The truth to the aforementioned questions is, I don't know, you don't know,and NONE of the intel providers or GURU'S know, and that is the truth.
But,do not lose hope as I have not and will not lose hope, because I do know the truth (first hand) about the following:
1. A life long friend of mine has exchanged in this country and received approximately $5million (cash, no SKR) for the currency presented.
2. One of my relatives living in Europe exchanged currency and also received (cash, no SKR) for the currency presented. The amount of cash received is unknown to me, as I thought it would be rude of me to ask.
3. On June 8th. I spoke by phone with one of my three (3) contacts, a wealth manager from a Tier 1 bank and I wrote down the following that was shared with me from a memorandum that the wealth manager received from their corporate headquarters as follows:
"Starting by mid June, certain trained employees will be temporarily transferred to off-site locations to conduct our currency exchange program for certain segments of the U.S. public.
This currency exchange will encompass approximately 20 foreign currencies to be exchanged at various pre-determined rates. At the conclusion of this exchange process, all employees will return to the bank location of their employment."
Well, two (2) out of three I know to be the truth. The verdict is still out on #3.......
And that is the truth, the whole truth, and nothing but the truth. Ralph
Amarok: Interesting today: Treasury Secretary Jacob J. Lew Remarks On U.S.-China Economic Relations At the American Enterprise Institute. IMO, it seems Lew is taking credit for/acknowledging what China's been doing. Read btwn the lines.
Amarok: This seems significant but the discussion of bonds eludes me. Anyone want to expand on this? With the aim of diversifying trading fund resources and reducing funding cost, the Shanghai International Gold Exchange is scheduled to launch bonds as margin collateral service on June 27, 2016 as an enhancement of margin collateral service.
BeagleEyes: Amarok: Well as I understand it. With the bonds going gold backed it is the precursor for the currency to go gold back. Dr Mark explained it very well last night. Can't have one without the other.
Amarok: With China devalueing their currency yesterday morning gave the FEDS a warning shot to get "it" together. And then coming out with that announcement later in the day is agin letting the FEDS know they will move without them. That will hurt the USA economy BIG time. We don't want them to go before we do.
Amarok: BeagleEyes: Got it. That, and the posturing by Lew fit well.
BEAMS: I read: “As of 20 May 2016, there are 177 signatories to the Paris Agreement. Of these, 17 States have also deposited their instruments of ratification, acceptance or approval accounting in total for 0.04 % of the total global greenhouse gas emissions.”
Amarok: BEAMS: RE the Paris Agreement. I get that it takes 55% of the signatories representing 55% of greenhouse emissions to trigger its implementation. At the moment that number is at 0.04%. Do you expect any big CO2 polluters to deposit their "instruments of ratification" soon?
Clemsonfan: Japan yen just closed at 104.06....anything under 106 shows that they are in deep trouble with their currency value....great news for the GCR….
U.S.A. gold up means dollar value down...good news for a GCR
DOW down for 5 straight days down over 100 points at 11 EST, always rebounds some around 12 to 2 PM, but then I expect it to dive .....great news for GCR
British pound hits 2 month low
liquidity in the international markets are drying up...gold backed currencies is the only solution....the bad guys are running out of money to prop things up.....we will win....soon
No hype...just the facts mam....just the facts......as Joe Friday used to say LOL
Tomorrow is triple witching for the markets..get out your popcorn...it's going to be an interesting show to watch IMHO
Triple witching hour is the last hour of the stock market trading session (3:00-4:00 P.M., New York City local Time) on the third Friday of every March, June, September, and December. Those days are the expiration of three kinds of securities: Stock market index futures; Stock market index options; Stock options
It is going to be huge to see how all of these weak indicating markets can handle this......time of truth in the international markets.
BeagleEyes: Clemsonfan: Thanks! That is great news. I understand it to be an important marker.
Travelingman: Yes this chart shows what Clemsonfan says … They are still propping the market up http://money.cnn.com/data/markets/dow/
Dr. Mark: Ok..in for a few seconds. And, just readin the front page Clemson...nice posts!! Folks, time to sit up straight, take a deep breath and realize you are part of a global event that takes maturity and patience beyond all patience. This MUST happen!! There are signs all over the place and people we must stand up and be strong. You all can do this! Things are lining up
Beagleeyes: Dr Mark like the little duckies all in a row!
Eccl519: We are waiting for an entire (formerly corrupt) country/countries to get it together and gain approval to join the NEW world banking system. A little more complicated than waiting on a tweet with 800's. When the former is done, the latter will be in your inbox!
AdminBill: THE DAY HAS ONLY HOURS LEFT. IN CHINA IT IS THE 17TH. SO WHERE DO WE STAND?
EVEN TODAY I HEAR WE ARE NEARING AN END. THERE CONTACTS THAT ACTUALLY HEARD CHINA OFFICIALLY ANNOUNCED THEY WERE ASSET BACKED ON CSPAN EARLY THIS MORNING AND THEN, POOF, IT CAN'T BE FOUND.
MORE RUMOR INCLUDE WF REQUESTED A 2-4 DAY DELAY WHILE YET ANOTHER SAID TO LOOK FOR IT LATER TODAY.
THEN THERE IS THE CONTACT WITH THE ELDERS THAT SAYS THEY ARE WAITING FOR A COMMITTEE TO GIVE THE FINAL GO.
Starchild : http://www.zerohedge.com/news/2016-06-16/what-hell-going-europe-banks-battered-brexit-concerns-spread-gold-soars-eur-crashes
Starchild : http://www.zerohedge.com/news/2016-06-16/15-facts-about-imploding-us-economy-mainstream-media-doesn%E2%80%99t-want-you-see
Angel: Advisors brace for the $30 trillion 'great wealth transfer'
Andrew Osterland, special to CNBC.com
No issue looms larger for the financial advice industry than demographics and the aging of the baby boomers.
Over the next several decades, the biggest and wealthiest generation in U.S. history will transfer roughly $30 trillion in assets to their Gen X and millennial children, and if studies are accurate, most of those children will promptly fire their parents' advisors.
"Studies regularly show that when wealth passes to another generation, in the majority of cases, the heirs change financial advisors," said Gauthier Vincent, head of Deloitte's U.S. Wealth Management practice. "The relationship between assets, asset owners and financial advisors is unraveling before our eyes."
How advisory firms deal with this long-term trend will determine which succeed in the future and which falter. As the 'great wealth transfer' accelerates — the oldest boomers are now 70 years old — the strengths of some business models will become more apparent and the weaknesses of others more glaring.
"This is a fascinating time from a competitive perspective," said Vincent. "There's going to be winners and losers, and market shares will shift."
He added, "This industry will be very fluid in the next decade."
For an industry that has largely earned its bread serving affluent clients — and avoiding smaller, unprofitable ones — it's been easy to put addressing this huge but slowly unfolding issue on hold.
"It's a question of revenue today versus revenue tomorrow," said Kendra Thompson, North American lead at Accenture Wealth Management Services. "Incumbent players are not by nature nimble and willing to take risk."
"There's a perception in the industry that to be successful, you can only work with people who have at least $1 million in assets. But if you don't work with the next generation, someone else will."-Peter Mallouk, CEO of Creative Planning
There's good reason for the inertia. Next-generation clients with fewer assets may be the future of the industry — every advisor acknowledges the fact — but they won't pay the bills today. Trying to attract and engage them costs money; it takes a lot of people and demands new technologies and service models.
"Is it the right thing to do?" asked Peter Mallouk, CEO of registered investment advisor Creative Planning. "Yes — but you have to be willing to not be profitable with the mass affluent."
He added: "The majority of the industry is not designed to think generationally. Economically, it's not worth it."
Mallouk and his firm, one of the largest and fastest-growing RIAs in the country, have a leg up on most advisors. Their clients are generally high in net worth, they successfully recruit young advisors to the firm, and they offer the high-touch, full-service financial-planning relationships that are most likely to retain assets through generations.
Mallouk said involving the children of clients in financial-planning discussions is the norm at his firm. "There's a perception in the industry that to be successful, you can only work with people who have at least $1 million in assets," he said. "But if you don't work with the next generation, someone else will."
Daisy Medici, managing director of governance and education at GenSpring Family Offices, focuses on engaging all family members of the firm's ultrahigh-net-worth clients. The parents in those families expect it, and working with next-gen clients is an essential part of what a family office does.
"We attract families that worry about the impact of wealth on the next generations," said Medici. "They come to us because we're known for bringing multiple generations of families to the table."
There are no guarantees, but if advisors can bring young family members to the table now, those children are more likely to stick with their parents' advisors down the road when they inherit assets. The trick is building the business model to do that for the future without bankrupting the firm in the present.
"Incumbent advisors have to figure out how to scale high-net-worth advisory services for other customer segments," said Accenture's Thompson. She said that after a long period of denial, firms across the industry are finally taking steps to do that.
The catalyst is — you guessed it — the robo-advisors, or more accurately, the fintech digital experience that is increasingly being demanded by all customer segments.
"It's true that it's not economical to spend a lot of time with small accounts, but this helps create a pipeline of future clients."-Gauthier Vincent, head of Deloitte's U.S. Wealth Management practice
"Every firm we work with is now moving in the direction of digitally led wealth management," said Thompson. "We've come through a very stressful time where there has been widespread resistance to the idea of digital disruption in this industry and executive teams have been frozen.
"In the last 18 months, it's turned like a light switch," she added.
Indeed, firms in all corners of the industry — from banks and wire-house brokerages to asset managers and even insurance companies — have seen the light. They are either building out digital-advice platforms, as Charles Schwab and Vanguard have done, buying them like BlackRock and Northwest Mutual Insurance did, or partnering with online advisors, as UBS recently did with SigFig.
The RIAs, most of whom can't make the investments, are accessing the fintech tools through custodians such as Schwab, Fidelity and TD Ameritrade.
They are doing it because investors are demanding it. "In every wealth tier of the market, more and more people are behaving like next-generation investors," said Deloitte's Vincent.
However, that doesn't mean the industry will shift to low-cost automated advice for everyone. Vincent said that surveys consistently show younger investors want the self-directed robo-experience, but they also want access to human advisors.
Furthermore, they want to move seamlessly between different service models and see more clearly what they're paying for. "The model doesn't exist yet, but most firms are working on it," said Vincent.
He calls it a hybrid model, where human advisors use digital tools to help them give customers what they want when they want it. That improves advisors' service to existing clients and makes them more attractive to future next-gen clients. "It's true that it's not economical to spend a lot of time with small accounts, but this helps create a pipeline of future clients," said Vincent.
With the great wealth transfer in its earliest stages, advisors will need it.
— By Andrew Osterland, special to CNBC.com