Semperfi01: Tony and bonds verified :
My investment man called me yesterday to see how it was going. Mind you I have never broached the subject about what my investment was, just that I was going to have a lot to invest and the team that I was going to need.
During the talk about money and where we were going to put it , he began to tell me of his partner and how one of their clients had just called earlier and needed him to meet him today April 1 to fecilitate a buy of 15 million in IRAQI bonds that was coming out of new York the deal was going down today.
Totally blew me away never expected to here that first time he or I have ever spoken of Iraq I would say something is getting ready to pop for us. Praise God family we are here.
Hotbunny: Thank you Semperfi01 I heard similar news last night. We are about to exchange soon and very soon.
[imperium] Iceland Dismantles the Corrupt - Then Arrests Ten Rothschild Bankers http://www.dailypaul.com/315530/iceland-dismantles-the-corrupt-then-arrests-ten-rothschild-bankers
[bcrt1] The Rothschild article is dated 6/19/12
[imperium] bcrt1 Yes, but that's irrelevent IMO.
[imperium] We've been in the midst of this change for years and it seems to coming to a boiling point.
Mamadear: the spring meetings with the imf/world bank/us is scheduled for april 11 thru april 13th here in the us in washington
Topic: “Courage is being scared to death... and saddling up anyway.” John Wayne
China factories struggle, adds to expectations for stimulus' >> BEIJING (Reuters) - Persistent weakness in China's manufacturing sector reinforced fears of a sharper-than-expected slowdown at the start of 2014, and some government economists think authorities have already started boosting spending to put a floor under growth..... Read in Full: http://news.yahoo.com/china-march-official-manufacturing-pmi-rises-50-3-010509157--business.html
New Banking Regulations Begin: The Volker Rule Comes into Play Tomorrow (April 1st) Ending Speculative Tradings
Posted by Su Maritz on April 1, 2014 at 1:45am
Posted by Stephen Cook on March 31, 2014 / Comments Off
Category: World Banking Changes Tags: April 1 2014, OCC, The Volker Rule
Stephen: The Volker Rule, whereby all US banks must adhere to strict new regulations governing their operations and resources come in to effect tomorrow, Tuesday April 1, 2014. While its implementation is tiered through to July 2015, it will start impacting not only the US but the global banking system immediately in the areas of reporting, compliance, covered funds both inside and outside the US.
Here is the memo sent out to all national banks and savings associations from the US Treasury’s Office of the Comptroller of the Currency:
Subject: Volcker Rule .
Date: March 25, 2014
To: Chief Executive Officers of All National Banks and Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties.
Description: Final Regulations
On December 10, 2013, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading Commission issued jointly developed final regulations to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker Rule. The final regulations were published in the Federal Register on January 31, 2014, and become effective on April 1, 2014.
National banks (other than certain limited-purpose trust banks), federal savings associations, and federal branches and agencies of foreign banks (collectively, banks) are required to fully conform their activities and investments to the requirements of the final regulations by the end of the conformance period, which the FRB has extended to July 21, 2015.
The final regulations •prohibit banks from engaging in short-term proprietary trading of certain securities, derivatives commodity futures, and options on these instruments for their own accounts.
•impose limits on banks’ investments in, and other relationships with, hedge funds and private equity funds.
•provide exemptions for certain activities, including market making-related activities, underwriting, risk-mitigating hedging, trading in government obligations, insurance company activities, and organizing and offering hedge funds and private equity funds.
•clarify that certain activities are not prohibited, including acting as agent, broker, or custodian.
•scale compliance requirements based on the size of the bank and the scope of the activities. Larger banks are required to establish detailed compliance programs and their chief executive officers must attest to the OCC that the bank’s programs are reasonably designed to achieve compliance with the final regulations. Smaller banks engaged in modest activities are subject to a simplified compliance program.
Banks with trading assets and liabilities of at least $50 billion will be required to report metrics designed to monitor their permitted trading activities. These banks must •begin to measure and record the required metrics on a daily basis starting July 1, 2014, and report their daily metrics recorded during the month of July to the OCC by September 2, 2014.
•continue to report metrics data for each calendar month within 30 days of month-end through 2014, unless the OCC notifies them in writing that they must report on a different basis.
•beginning with information for the month of January 2015, report metrics within 10 days of the end of each calendar month, unless the OCC notifies the banks in writing that they must report on a different basis.
Note for Community Banks
Banks that do not engage in covered activities or investments are not required to establish a compliance program under the final regulations. This exemption extends to trading activities in certain exempt government and municipal obligations. Smaller banks, with total consolidated assets of $10 billion or less, engaged in modest proprietary trading activities for their own accounts are subject to a simplified compliance program. These banks may satisfy their compliance obligations under the final regulations by including in their existing policies and procedures appropriate references to the requirements of the final regulations. These policies and procedures should be appropriate to the size, scope, and complexity of the banks.
Deputy Chief Counsel, OCC
You can read the entire 271-page Volker Rule, titled Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds here:
JJONESMX » April 1st, 2014,
Police: Teen had loaded gun, marijuana, $6M in foreign money
04/01/20140 When a Wilmington teen was arrested by New Castle County police officers in a car late Sunday near the Harbor House Apartments, he had in his possession a loaded handgun, marijuana and more than $6 million in Iraqi dinars, police said Monday.
The 17-year-old boy, who lives in the 200 block of W. 36th St., was charged with possession of a firearm by a prohibited juvenile, possession of a firearm by a person prohibited, carrying a concealed deadly weapon, criminal impersonation, marijuana possession and possession of drug paraphernalia, Officer Tracey Duffy said.
The traffic stop occurred about 11 p.m. in the 200 block of Harbor Drive, where officers stopped the vehicle because it was suspicious.
When the officers approached the car and occupants, they detected an odor of marijuana, Duffy said.
A search of the vehicle uncovered a loaded handgun, marijuana, drug paraphernalia and $6,575,000 in Iraqi dinars, or $5,646.19 in American currency, suspected to be drug money, she said.
New Castle County police could not explain why the teen had so much foreign money, which was seized.
“I don’t know where he got the money,” Duffy said. She said the teen was not of Middle Eastern decent.
The teen was committed to the New Castle County Juvenile Detention Center after failing to post $26,500 cash bail.
jdtolle » April 1st, 2014, See it as an opportunity
It’s only a limitation if you see it as a limitation. Choose to see it differently, and you’ll find a way around it.
Many things influence your life and your work, often in negative and limiting ways. Nothing, however, can stop you from moving forward in each moment with positive purpose when you are committed to doing so.
Instead of assuming that some factor in your life is a limitation, make a different assumption. Decide to see it as an opportunity to grow stronger.
Instead of wallowing in disappointment when things don’t work out the way you planned, choose a different response. Choose to be more inspired, more motivated and more determined than ever before.
Whatever has happened, has happened, and there’s nothing you can do to change that. What you can change, though, is what you do with it.
Tell yourself it’s a good thing, and moving forward, you’ll find a way for it to be precisely that. Rather than seeing something as a limitation, see it as an opportunity and get busy living the value that is most certainly there.
— Ralph Marston Wishing All a Safe, Warm and Blessed Day
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