Frank26 [via BulldogFord65] On Iraqia TV, the CBI announced the monetary reform is done and they are ready to release coins, complete with the Kurdish language; however there are still some things being done, the bank notes with the 3 zeros with the Kurdish language are being distributed. IMO, the coins are utterly worthless at 1166, the only way they have value is if the rate is increased. IMO, it will come out at 1:1, and we have seen the 0.86 rate being held as a test. The increase of the rate may be gradual over a couple of years, and when the float hits a couple of dollars, the rate can take a larger increase. IMO, the rate was released on Sunday as an algorithm, and the evidence is that the Qi card has been used in Iraq.

 

Duck gold and silver on Friday to their lowest levels since 2010 with the release of strong economic data, and the rise of the dollar as well as the sale of stop-loss orders led to the acceleration of the descent of the miners.

Gold and silver hit hard after the rise of the dollar to its highest level in nearly four weeks against a basket of major currencies on Friday. The dollar found support in the US GDP data sudden and strong step taken by the Central Bank of Japan to expand its monetary easing, which has led to a decline in the yen.

And went down the price of gold in online transactions more than two percent to $ 1168.66 an ounce (an ounce), its lowest level since July 2010. The yellow metal accelerated losses after the announcement of the Bank of Japan’s sudden decision which prompted the dollar to its highest level in the meeting.

And dropped the price of gold in US futures contracts also.

The precious metal tends to end the week on a loss of 4.7 percent this week, the biggest drop of its kind from June 2013. It also tends to a second gold record monthly losses in a row.

The price of silver fell about three percent to $ 15.94 an ounce on Friday registered its lowest level since February 2010. The metal tends to incur a fourth monthly loss in a row.

Platinum fell 1.37 percent to $ 1220.74 an ounce, while palladium fell 0.46 percent to $ 770.95 an ounce.

LINK

maxm2014 says:  Hi All. Just a quick FYI from my experience. While you cannot buy Dong from B of A they do purchase it. I compared their buy rate to my purchase price from People’s bank at todays rate and the difference was exactly 25% (fee if you will).

While I also found it strange (delightfully) that while B of A does not sell Dong they do purchase it, albeit a 25% hit. My thinking is Banks do everything for a profit. So while not a seller of Dong it appears they are gearing up to profit from something (hopefully).

I do have accounts at both places but was concerned People’s Bank was not a big enough player to participate. Finding out B of A is actually buying I feel I can rest a little now as there are NO other big 5 banks in my neck of the woods.
~~~

Craig says:  Thought I would catch everyone up on a couple experiences I had today, one at Chase Bank the other a local bank we have done business with for 15 years.

I had spoken to branch managers to attain the recommendation letters discussed, using the template another on this blog had submitted for use.

The local bank would not use the template, and Chase changed some wording.

At both locations I was questioned extensively regarding the ultimate use of the letters, and through the course of the conversations was told that there were now over 300 additional federal requirements dealing with the deposit, withdrawal, and transfer of funds the banks have to address.

Both managers advised they will be asking extensive questions at the time I choose to exit my speculative investments, even though I had banked at Chase for of eight years and the local bank for 15.

They advised that it will be wise to be as prepared as possible with prepared due dilligence and a paper trail.

Neither manager is happy about the regulations being imposed by the Fed on them, with the manager at the local bank stating they have gone from 3 employees this time last year in their compliance department to 45 employees!

Penalties are stiff for the banks, so they will be doing their jobs and asking many questions. They did state that the relationship we had established would mean the bank would take us at our word for most of the information they will need.

I feel better knowing that although this will not be cakewalk, knowing what to expect will make it somewhat easier. I feel for those that have waited so long for this to happen, only to get shut down at the bank on compliance issues. No licks today!

Gazza says:  What will happen after the rv (if the dong is suddenly worth shed loads) regarding Vietnamese people… do you think many will seek to leave Vietnam and because their notes are now worth loads in the west?

If you only had 3m dong to your name in savings as a Vietnamese person and saw it was now worth a fortune in the west, wouldn’t you pack a bag and come here? I wonder if this will lead to mass emigration from Vietnam.

whitehatauxiliaries says:   Since when do Vietnamese communists let people leave? Are they that free, to leave? Did the commies relax their travel restrictions?

The last “mass emigration” I saw were people from Vietnam fighting to get here in the back of a Huey on the roof of the US Embassy.

Let’s not forget that the USD is heading for a devaluation. That will make our goods cheaper abroad, so we may benefit from that aspect. However, the living standards for us here will go down as a result.

For those notes to be worth loads is one thing, but exchanging into a devaluing currency quite another – even if you could get over here in your boat.

Let’s remember the x factor here. We don’t know all the facts and what will happen with precise enough detail to have answers to such with any possible reliability. Unless you are a Vietnamese, I am not sure why this is something that you would even worry about.

Lastly, I would expect strict currency controls to kick in for the VC progeny on the mainland. Just a guess.

Andrew says:  Tony, I really wonder about the ‘fall’ in US living standards if its dollar depreciates. Australia has always been less than the USD except briefly eg 60-90c range. We haven’t suffered at all.

Our ‘gas’ is around $6-7 a gallon, jeans cost $50-$150, shirts $50-100, lunch/dinner $15-25 and portion half the US size, beer $5… Point is the lifestyle here is good anyway, even with a lower currency.

I am amazed at how cheap things are in the US. Secondly, from what i hear the living standards are pretty screwed already and the USD hasn’t begun to drop. I mean people being evicted, so many on welfare – and this with a strong dollar? It’s probably because of the artificially high dollar.

Gazzarino, I suspect there wouldn’t be a flurry out, because of immigration to countries they would like to go would be problematic, and people in countries with higher currency values don’t automatically leave those countries.

In Aus you can get a visa for $5Million, but that must be invested in approved programs for 5 years, locking up your money.

In fact, imports will become cheaper in Vietnam and their growing export industry will suffer.

People will be able to buy things – they won’t leave. In fact this will introduce all the negative things into their economy that all high-currency countries experience (like the US).

 For that reason Vietnam and China want a low rate. I wouldn’t be surprised if it’s in the 10c range – best of both worlds (just a huge guess!).

Green Lantern says:   Here’s my latest nugget to share. For those requiring a primer of how we arrived to where we are at, this documentary should help. God bless everyone seeking the truth.

http://sgtreport.com/2014/10/the-rise-and-the-fall-of-the-bankster-full-movie/

Martin says:  Hello Tony  I have a question for you please Tony as well as for the group ( so please jump in on this group ).

I am in the process of establishing another account with a major bank in Canada to cover all the ifs ( if this if that ) and wonder about how much information should be shared with lets say the Bank Manager.

 I know it is a personal thing and is up to each one to navigate these waters but we are encouraged to let the Bank know who we are and for what reason we are there and when we do go in with our Dong in hand or suitcase that it will be more of a personal experience and not a surprise to them.

 BUT when I talked to a Bank Manager a couple months back he acted indifferent and cold as if I was a little insane.

So again….what information should be shared and what information should not be shared for the first encounter? Either way they look at us as strange and in a belittling way are thinking how does he know this and I don’t kind of attitude.  Regards   Martin

Gazza says:  Martin   I would not mention it at all. I would just open an account with no reason given but ask over the phone anonymously if they exchange dong.

 If you start telling them why then they may start making enquiries and it could end up becoming a delicate subject and maybe even blocked by the bank. They may even reject you if you tell them.

I would keep it hidden, just open the account and ensure they do the currency you need. I would not have any more encounters and not talk rv with them at all. Its purely cold hard business.

They will get their cut upon the transaction. But if you rock the boat in advance they may find ways to cause hurdles. Just say nothing! Let the rv happen and exchange on the day. You can tell all then! In advance seems very dodgy to me.

Andrew says:  Martin, it’s not kooky to speculate. I opened an acc last week.

The guys asked what’s it for, and I said ‘It looks like the Vietnamese dong might be about to revalue up a bit so I am preparing an account to exchange back and deposit the funds if it does.’ No problem.

 I drilled a bit, saying ‘it could be 10k, 100k or a million, depends. That won’t be a problem will it?’

He said no – didn’t phase him. If you don’t act like a nut and keep it in real world terms they won’t treat you like a nut.

Vietnam has said that it is planning to underpin its currency with its gold, and de-peg from the USD and align w the Yuan, so there’s your legitimate source of information. This is not kooky at all, it is just unusual and uncommon, and you happen to know about it.

Looks Far Woman says:   Ok, now this stresses me out. This am on Fox News talk show they reported that a small co. Had deposited $10,000. To pay payroll. It set off alarms with this govt. & IRS stepped in and stole away this tiny companies money even tho they had backup info that it was legit money.

What are we going to do if we do exchange and deposit xxxx amt of money ? That lil co. Had reasons and backup of why they put in that money….

Tony or John, just like my poor brother, not even a checking acct. I gave him money to buy his Dong…..how else can we stop this corrupt govt from taking away from us ? My brother lives in my tiny cabin near me, no money, I pay his electric bill etc.  How do we prevent if in a situation like this?

whitehatauxiliaries says:  Hi,  These instances are unfortunate, but rare overall. My family ran a real estate portfolio for years, lots of cash rent deposits. Never once did the IRS take anything on suspicion. This is where “know your customer” comes in.

Additionally, there are remedies for IRS agents that try to play God with your life. You can sue them in an individual capacity if they act without proper grounds. Some do get sued and have had to pay. Press your rights if you have to, or you have none.

Bottom line, make sure your banker knows your business, or any potential business. For the new ones coming into big bucks for the first time, your behavior and presentation at the banks could make the deal go smoothly.

Just be prepared. Papers, ID, proof of residence, and just tell the truth about how you engaged in a speculation and are simply exiting your position and want to bank the proceeds.

I don’t know what else anyone can do but be honest and professional about it all. If you show up smelling like cannabis and do not have any banking references, some clerk in a bank might start filling out forms that might extend your visit.

Just be prepared and organize. I am not sure there is anything more one can do. There once was a time when my father used to take 15K in cash to Vegas, in his suitcase on the plane. Never a problem then.

Man, we have degenerated into a society of paranoid dimwits to allow such rules to be foisted on us, and by a bunch of gangsters who have no claim to any higher moral grounds than the people they seek to rule.

Looks Far Woman says: Thank so much for taking your time to answer me. I think others may have the same concerns. My family and me have always tried to be professional in any legal issues.

You helped me to calm my fears for my brother specially. Since he is disabled thru working all his life since he was 15 yrs old. He does not deserve to be treated badly by anyone.

I will be with him every step of the way, I hope as he forgets things from so many concussions suffered from his work.  At least I hope they allow me to be there when he exchanges his currency. A’ho my friend

Gloria Madison says:  Tony your story about your dad with his suitcase of cash reminded me of my friends dad. He had a hugely successful restaurant, and even back in the 80’s didn’t want to keep his cash in the bank, so he invested in real estate; paid cash for every apartment building he bought.

And you guessed it, walked in with the cash at the closings. Could you imagine if you showed up at any closing today with $300,000.00, or tried to withdraw that in one swoop?

Green Lantern says:   Essentially, it was tagged under the Orwellian favorite, Patriot Act.

What you just mentioned is exactly what was one of my concerns from a little while back. Even when I discuss procuring PMs with people, I stress keeping them to one ounce or less.

Tony is absolutely correct in his comments about we don’t have any idea what the reset is going to do to the USD value. Many have mentioned incremental moves to the downside.

One thing that does appear to be shaping up is the fact that the BRICs are moving towards backing their currencies with PMs.

I would say that we need to just relax, see how things shake out, if you need to move quickly to do so and be well prepared in advance with your bank (VND), and have trust in the info provided by the White Hats. Remember, we are a fraction of one percent who are even awake to this, so the GCR is only the tip of the iceberg.

TC says:  Hello, I have a question for anyone who may know about Canadian Banking.

Do the banks in Canada have a”Bail-In” policy that makes Bank depositors [like us] liable for a Bank’s debt such as derivatives? i.e. A bail-in occurs when the borrower’s creditors are forced to bear some of the burden by having a portion of their debt written off.

For example, bondholders in Cyprus banks and depositors with more than 100,000 euros [132,420.00 USD] in their accounts were forced to write-off a portion [47.5%] of their holdings.

Thank you in advance, if any one should know.   TC

Paul L Davis says:  Hi,  I understand ‘bail in’ legislation was inserted quietly into a large bill last year by the Canadian government.

Gazza says:   Hi   As far as I am aware all western countries have this policy not just Canada.

Bottom line is all banks now say you are an unsecured creditor NOT a depositor. Same here in UK.

In the coming great collapse your bank will likely steal your account and any insurance pot of money will not stretch to all people, so you will doubtless lose it in the crash.

 I’m afraid many who may make some money in this rv will go on to lose it in the crash. Look up “joint bank of england paper from december 2012″ and you should see what it says for all western countries (most have adopted it i think).

Yes canada had it written into their budget but one way or the other we all on here have it written into our laws. Be veeeeery wary of that!!!

mygirl56 says:   Nope, I’m happy to say you’re wrong about “bail in” in Canada. This topic was posted here earlier this year with links.to the sources. I will try to find and re-post.

The banks here are on the hook to look after themselves should a bail in be required, but absorbing their depositors’ money is not one of them. The same term is used, but it does not mean the same thing it meant in Cypress. Or in the USA apparently.

LP says:   Go Gazza. He’s on it, taking care o’ business!! Thanks.

Loyd says:  I had read that disclosure was made after world war II this series of articles are starting to get interesting. http://www.veteranstoday.com/2014/10/25/return-of-the-titans/

Mathew says:   As far as banks go (usa only here) I am looking to follow the money to safe (ie non-leveraged) institutions who also don’t have massive overhead supporting hundreds of branch locations.

I find this chart a good reference for which banks are getting the majority of the deposits this year.

Of course the big boys have the lions share. But interesting to note: If you look just below the big ones you will find the largest banks in your area that have no derivatives or other high risk in their portfolios.

http://www.ibanknet.com/scripts/callreports/filist.aspx?

And this is old news but worth repeating: Just click on the derivatives link on the left side of that site under “off balance sheet” to see how much risk your bank has.

The above information is in no way a complete bank profile of course.

Plan, research, and plan some more…

LP says:   Matthew  Thanks so much for this link. Please let me know what banks your further research indicates are stable.

 Tony has my email address if you come across additional info or links you feel are important. I did some initial research but would appreciate any additional insights you can send my way. Many thanks.

mygirl56 says:  Okay. Here is some background. One of the main reasons a bail in such as that seen in Cypress won’t happen in Canada is due in large part to the way our banking system is set up.

It is also due, in large part, to the fact that Canadian financial institutions did not pay lip service to Basel I and II protocols, they implemented them. The same is true for Basel III. They are a pain in the butt for Credit Unions but that’s another story. Meantime, here are some links regarding bail in Canada style:

First, here is an article from 2013, to give a little background:

http://www.theglobeandmail.com/report-on-business/ottawa-clears-up-confusion-over-bank-bail-in/article10697667/

The federal government is scrambling to clarify the language around its proposed “bail-in” scenario for Canadian banks in the event of a financial crisis, hoping to distance itself from the type of bail-in that occurred last week in debt-riddled Cyprus.

For the past two years Canadian regulators have used, without much controversy, the term “bail-in” to describe their proposed plan for stabilizing the sector in a crisis.

 However, when government officials in Cyprus ordered a bail-in of its banks last week that took a cut of customers’ deposits, the term took on a much different meaning.

……The confusion stems from the fact that a “bail-in” can take many forms. Typically, it refers to funds that a bank draws upon to stabilize itself in a crisis – funds that come from within the organization itself.

And it differs from a bail-out, in which the bank receives emergency capital from an outside source, such as the government.

Canada began drawing up rules for a bail-in plan a few years ago in an attempt to avoid the large government bailouts required by some U.S. banks during the credit crisis.

 Under the proposed Canadian plan, banks would set aside contingent capital, such as shares, which could be quickly converted to cash to provide liquidity and stabilize their operations should a crisis hit.

Ms. Perchaluk said the Canadian structure involves capital the banks have been required to set aside, “without risking taxpayer money.”

In Cyprus, depositors have been forced to take losses on uninsured deposits of more than €100,000 ($130,090). Depositors have surrendered 37.5 per cent of deposits over that threshold, which were then converted to equity in the bank.

An additional 22.5 per cent of the funds have been held to use if further action is needed.

The moves caused Cypriots to pull their money from banks in droves to prevent it being lost to the bail-in.

Those developments in Cyprus sent ripples through the ranks of Canadian depositors after the federal government made reference to its own crisis-management scenario in the budget.

“The [Canadian] bail-in regime is to protect both taxpayers from having to bail out banks and depositors from having to take a financial hit like we’ve seen in Cyprus,” Ms. Perchaluk said.

“If a bank is having severe difficulties, the bail-in regime would force certain debt instruments to be converted into equity to recapitalize the bank.”

**********************************

From August 2014: http://www.mccarthy.ca/article_detail.aspx?id=6861

Here is the meat from that link although to understand it best I suggest you read the entire article:

The proposed Canadian bail-in regime grants to the Government of Canada two significant conversion powers with respect to Canadian D-SIBs’ outstanding capital and debt.

First, the government is granted the power to permanently convert “eligible liabilities” of the D-SIB into common equity. Second, the government is granted the power to permanently cancel existing shares.

Each of the two new conversion powers can only be exercised if two preconditions have been met. First, the Superintendent of Financial Institutions must have determined that the bank has ceased or is about to cease being viable.

Second, full conversion of the bank’s non-viable contingent capital (NVCC) instruments must have occurred (NVCC instruments are capital instruments that by their terms convert into common shares if regulatory authorities determine that the bank is no longer viable).

Eligible liabilities of D-SIBs subject to the conversion power consist only of “long-term senior debt,” which is senior unsecured debt that is tradable and transferable with an original term of over 400 days.

Secured debt and deposits are specifically excluded. Therefore, the regime does not contemplate a “Cyprus-style” bail-in, whereby depositors could be asked to participate in the bail-in.

Depositors remain specifically protected under the existing Canadian deposit insurance framework (which the Department of Finance indicates it will also review to ensure that depositors remain adequately protected).

In addition, the proposed conversion power with respect to eligible liabilities will apply only to debt that is issued after implementation of the new bail-in regime, with no retroactive application to existing debt. There will be a transition period prior to the application of the regime.

***************************

Also from August:

http://www.bloomberg.com/news/2014-08-01/canada-starts-public-consultation-on-bank-bail-in-policy.html

From the article:

As part of the new rules, the Canadian government is proposing that senior unsecured debt be subject to conversion into common shares, and that policy makers will have the power to cancel pre-existing common shares.

Deposits are excluded from the proposed system, with insured deposits remaining covered by Canada Deposit Insurance Corp.

**********************

And from September 2014:

http://business.financialpost.com/2014/09/29/common-shareholders-of-banks-will-pay-biggest-price-for-bail-in-report/

As you can see from the article name it is shareholders who will be asked to bail in, not depositors.

**************************************

I hope all the Canucks on this blog are now able to rest easy about this. There is NO law on the books that will give your bank account a Cypriot hair cut, or anything close to it. Nor will there be. 

Thankfully, banking in Canada is quite a different animal from many other countries, and we have our federal banking laws to thank for that. See? Government CAN be a good thing! :)

Gazza says:    Mygirl   I hope you are right but I heard different. I never trust any gov or bank.

 Because i believe a huge bust is coming i think all western banking systems will take the money from your account when the time comes but thats just my opinion. 

You could be right but is it worth the risk? I like your lengthy research but i still have heard different over the months from various sources. I think canada is in the firing line as much as usa and uk. We will see i guess!

Gazza says:  Ps to that… canada will not be left alone by tbtp anyway because they will turn it into a union with usa and mexico and bring it to a third world nation. The noose is slowly tightening. 

So there is no reason to believe canada won’t be financial beaten up as much as usa and the rest of us in due course. Tptb have plans for you up there! And each one of us too. 

Your gov cannot protect you from the coming one world gov i’m afraid. If usa banks go down and bail in, so will canada. Plus it seems you exported your mark carney guy to be our bank of england leader… hmmm… thanks! He was the patsy put in to take the fall for the coming collapse it seems!

mygirl56 says: Dear Gazza – you ‘heard’ different. Back it up with links. I ‘heard’ different from you!

I have never said Canada won’t be affected by the US dollar tanking.

 Indeed, how can we not be affected when the USA is our largest trading partner?

 The manufacturing sector is sure to take a hit, and quite likely a large one.

 However, perhaps you have also ‘heard’ that Canada and Australia are highly regarded and spoken of in terms of reserve currencies when the US dollar is exposed for the empty shell that it has become.

 So you don’t need to worry that we will be in the same boat. We might be in the same ocean, but our boat is much more water worthy. MY opinion.

As for Mark Carney, he was not “exported” but rather ‘stolen’ away, and my guess (which is as good as yours, yes?) is that he was hired, not to take the fall when the poop hits the fan in the UK, but absolutely to try and avoid the poo and the fan altogether.

 If anyone can save the UK banking system, I believe it is Mark Carney. You may recall, or perhaps don’t know, that when said fan was last covered in crapola and it was being flung far and wide over a large part of the world (2008, in case anyone is wondering), Canada remained stable and weathered the poo-flinging fest quite nicely. Were we untouched? No. But there was no recession here.

 No real estate bubbles popped. No major corporations required bail outs. Nothing of the sort. I could go on, but I’ll leave it at this.

 I have every reason to believe Canada won’t be as ‘badly beaten up’ as the USA when the dollar devalues. We won’t be immune, but we will handle it much better than many. Why? 

In part because of our banking system and largely because the White Hats are winning. 

That means NO NWO. If you don’t believe that, well, that’s up to you. Nothing I can do about that. As for me, I will ‘keep calm and carry on’. And look to the light, rather than the dark side.

Gloria Madison says:   Mygirl, well first of all, I hope you’re right, but sadly I don’t think you realize the scope and depth of the GLOBAL collapse. You asked for links, I have one straight from a source that I feel is very credible quoting OWoN “If America goes now, it all goes.”

Read more at: http://www.oneworldofnations.com/2014/10/turning-tide-4-break-america-free.html

OWoN © All Rights Reserved

Mygirl56 says:  Thank you Gloria. I read OWoN earlier this evening and saw that article.

I am not saying it won’t happen here, I attempted to be clear about that but guess I didn’t do a good job. Canada has ALWAYS been affected by what happens in the USA be it good, bad or indifferent. 

The only point I was attempting to make was that I believe it won’t be as unpleasant/ugly here as it sounds like it will be south, based in some part on the 2008 mess. So don’t be sad for me.

 My head is neither in the sand nor anywhere else the sun does not shine :). Planning for the worst and hoping for the best. Not focusing on collapse or chaos because we all know that will only attract more negative energy.

maxm2014 says:  Hi All. Just a quick FYI from my experience. While you cannot buy Dong from B of A they do purchase it. I compared their buy rate to my purchase price from People’s bank at todays rate and the difference was exactly 25% (fee if you will).

While I also found it strange (delightfully) that while B of A does not sell Dong they do purchase it, albeit a 25% hit. My thinking is Banks do everything for a profit. So while not a seller of Dong it appears they are gearing up to profit from something (hopefully).

I do have accounts at both places but was concerned People’s Bank was not a big enough player to participate. Finding out B of A is actually buying I feel I can rest a little now as there are NO other big 5 banks in my neck of the woods.
~~~

Craig says:  Thought I would catch everyone up on a couple experiences I had today, one at Chase Bank the other a local bank we have done business with for 15 years.

I had spoken to branch managers to attain the recommendation letters discussed, using the template another on this blog had submitted for use.

The local bank would not use the template, and Chase changed some wording.

At both locations I was questioned extensively regarding the ultimate use of the letters, and through the course of the conversations was told that there were now over 300 additional federal requirements dealing with the deposit, withdrawal, and transfer of funds the banks have to address.

Both managers advised they will be asking extensive questions at the time I choose to exit my speculative investments, even though I had banked at Chase for of eight years and the local bank for 15.

They advised that it will be wise to be as prepared as possible with prepared due dilligence and a paper trail.

Neither manager is happy about the regulations being imposed by the Fed on them, with the manager at the local bank stating they have gone from 3 employees this time last year in their compliance department to 45 employees!

Penalties are stiff for the banks, so they will be doing their jobs and asking many questions. They did state that the relationship we had established would mean the bank would take us at our word for most of the information they will need.

I feel better knowing that although this will not be cakewalk, knowing what to expect will make it somewhat easier. I feel for those that have waited so long for this to happen, only to get shut down at the bank on compliance issues. No licks today!

Gazza says:  What will happen after the rv (if the dong is suddenly worth shed loads) regarding Vietnamese people… do you think many will seek to leave Vietnam and because their notes are now worth loads in the west?

If you only had 3m dong to your name in savings as a Vietnamese person and saw it was now worth a fortune in the west, wouldn’t you pack a bag and come here? I wonder if this will lead to mass emigration from Vietnam.

whitehatauxiliaries says:   Since when do Vietnamese communists let people leave? Are they that free, to leave? Did the commies relax their travel restrictions?

The last “mass emigration” I saw were people from Vietnam fighting to get here in the back of a Huey on the roof of the US Embassy.

Let’s not forget that the USD is heading for a devaluation. That will make our goods cheaper abroad, so we may benefit from that aspect. However, the living standards for us here will go down as a result.

For those notes to be worth loads is one thing, but exchanging into a devaluing currency quite another – even if you could get over here in your boat.

Let’s remember the x factor here. We don’t know all the facts and what will happen with precise enough detail to have answers to such with any possible reliability. Unless you are a Vietnamese, I am not sure why this is something that you would even worry about.

Lastly, I would expect strict currency controls to kick in for the VC progeny on the mainland. Just a guess.

Andrew says:  Tony, I really wonder about the ‘fall’ in US living standards if its dollar depreciates. Australia has always been less than the USD except briefly eg 60-90c range. We haven’t suffered at all.

Our ‘gas’ is around $6-7 a gallon, jeans cost $50-$150, shirts $50-100, lunch/dinner $15-25 and portion half the US size, beer $5… Point is the lifestyle here is good anyway, even with a lower currency.

I am amazed at how cheap things are in the US. Secondly, from what i hear the living standards are pretty screwed already and the USD hasn’t begun to drop. I mean people being evicted, so many on welfare – and this with a strong dollar? It’s probably because of the artificially high dollar.

Gazzarino, I suspect there wouldn’t be a flurry out, because of immigration to countries they would like to go would be problematic, and people in countries with higher currency values don’t automatically leave those countries.

In Aus you can get a visa for $5Million, but that must be invested in approved programs for 5 years, locking up your money.

In fact, imports will become cheaper in Vietnam and their growing export industry will suffer.

People will be able to buy things – they won’t leave. In fact this will introduce all the negative things into their economy that all high-currency countries experience (like the US).

 For that reason Vietnam and China want a low rate. I wouldn’t be surprised if it’s in the 10c range – best of both worlds (just a huge guess!).

Green Lantern says:   Here’s my latest nugget to share. For those requiring a primer of how we arrived to where we are at, this documentary should help. God bless everyone seeking the truth.

http://sgtreport.com/2014/10/the-rise-and-the-fall-of-the-bankster-full-movie/

Martin says:  Hello Tony  I have a question for you please Tony as well as for the group ( so please jump in on this group ).

I am in the process of establishing another account with a major bank in Canada to cover all the ifs ( if this if that ) and wonder about how much information should be shared with lets say the Bank Manager.

 I know it is a personal thing and is up to each one to navigate these waters but we are encouraged to let the Bank know who we are and for what reason we are there and when we do go in with our Dong in hand or suitcase that it will be more of a personal experience and not a surprise to them.

 BUT when I talked to a Bank Manager a couple months back he acted indifferent and cold as if I was a little insane.

So again….what information should be shared and what information should not be shared for the first encounter? Either way they look at us as strange and in a belittling way are thinking how does he know this and I don’t kind of attitude.  Regards   Martin

Gazza says:  Martin   I would not mention it at all. I would just open an account with no reason given but ask over the phone anonymously if they exchange dong.

 If you start telling them why then they may start making enquiries and it could end up becoming a delicate subject and maybe even blocked by the bank. They may even reject you if you tell them.

I would keep it hidden, just open the account and ensure they do the currency you need. I would not have any more encounters and not talk rv with them at all. Its purely cold hard business.

They will get their cut upon the transaction. But if you rock the boat in advance they may find ways to cause hurdles. Just say nothing! Let the rv happen and exchange on the day. You can tell all then! In advance seems very dodgy to me.

Andrew says:  Martin, it’s not kooky to speculate. I opened an acc last week.

The guys asked what’s it for, and I said ‘It looks like the Vietnamese dong might be about to revalue up a bit so I am preparing an account to exchange back and deposit the funds if it does.’ No problem.

 I drilled a bit, saying ‘it could be 10k, 100k or a million, depends. That won’t be a problem will it?’

He said no – didn’t phase him. If you don’t act like a nut and keep it in real world terms they won’t treat you like a nut.

Vietnam has said that it is planning to underpin its currency with its gold, and de-peg from the USD and align w the Yuan, so there’s your legitimate source of information. This is not kooky at all, it is just unusual and uncommon, and you happen to know about it.

Looks Far Woman says:   Ok, now this stresses me out. This am on Fox News talk show they reported that a small co. Had deposited $10,000. To pay payroll. It set off alarms with this govt. & IRS stepped in and stole away this tiny companies money even tho they had backup info that it was legit money.

What are we going to do if we do exchange and deposit xxxx amt of money ? That lil co. Had reasons and backup of why they put in that money….

Tony or John, just like my poor brother, not even a checking acct. I gave him money to buy his Dong…..how else can we stop this corrupt govt from taking away from us ? My brother lives in my tiny cabin near me, no money, I pay his electric bill etc.  How do we prevent if in a situation like this?

whitehatauxiliaries says:  Hi,  These instances are unfortunate, but rare overall. My family ran a real estate portfolio for years, lots of cash rent deposits. Never once did the IRS take anything on suspicion. This is where “know your customer” comes in.

Additionally, there are remedies for IRS agents that try to play God with your life. You can sue them in an individual capacity if they act without proper grounds. Some do get sued and have had to pay. Press your rights if you have to, or you have none.

Bottom line, make sure your banker knows your business, or any potential business. For the new ones coming into big bucks for the first time, your behavior and presentation at the banks could make the deal go smoothly.

Just be prepared. Papers, ID, proof of residence, and just tell the truth about how you engaged in a speculation and are simply exiting your position and want to bank the proceeds.

I don’t know what else anyone can do but be honest and professional about it all. If you show up smelling like cannabis and do not have any banking references, some clerk in a bank might start filling out forms that might extend your visit.

Just be prepared and organize. I am not sure there is anything more one can do. There once was a time when my father used to take 15K in cash to Vegas, in his suitcase on the plane. Never a problem then.

Man, we have degenerated into a society of paranoid dimwits to allow such rules to be foisted on us, and by a bunch of gangsters who have no claim to any higher moral grounds than the people they seek to rule.

Looks Far Woman says: Thank so much for taking your time to answer me. I think others may have the same concerns. My family and me have always tried to be professional in any legal issues.

You helped me to calm my fears for my brother specially. Since he is disabled thru working all his life since he was 15 yrs old. He does not deserve to be treated badly by anyone.

I will be with him every step of the way, I hope as he forgets things from so many concussions suffered from his work.  At least I hope they allow me to be there when he exchanges his currency. A’ho my friend

Gloria Madison says:  Tony your story about your dad with his suitcase of cash reminded me of my friends dad. He had a hugely successful restaurant, and even back in the 80’s didn’t want to keep his cash in the bank, so he invested in real estate; paid cash for every apartment building he bought.

And you guessed it, walked in with the cash at the closings. Could you imagine if you showed up at any closing today with $300,000.00, or tried to withdraw that in one swoop?

Green Lantern says:   Essentially, it was tagged under the Orwellian favorite, Patriot Act.

What you just mentioned is exactly what was one of my concerns from a little while back. Even when I discuss procuring PMs with people, I stress keeping them to one ounce or less.

Tony is absolutely correct in his comments about we don’t have any idea what the reset is going to do to the USD value. Many have mentioned incremental moves to the downside.

One thing that does appear to be shaping up is the fact that the BRICs are moving towards backing their currencies with PMs.

I would say that we need to just relax, see how things shake out, if you need to move quickly to do so and be well prepared in advance with your bank (VND), and have trust in the info provided by the White Hats. Remember, we are a fraction of one percent who are even awake to this, so the GCR is only the tip of the iceberg.

TC says:  Hello, I have a question for anyone who may know about Canadian Banking.

Do the banks in Canada have a”Bail-In” policy that makes Bank depositors [like us] liable for a Bank’s debt such as derivatives? i.e. A bail-in occurs when the borrower’s creditors are forced to bear some of the burden by having a portion of their debt written off.

For example, bondholders in Cyprus banks and depositors with more than 100,000 euros [132,420.00 USD] in their accounts were forced to write-off a portion [47.5%] of their holdings.

Thank you in advance, if any one should know.   TC

Paul L Davis says:  Hi,  I understand ‘bail in’ legislation was inserted quietly into a large bill last year by the Canadian government.

Gazza says:   Hi   As far as I am aware all western countries have this policy not just Canada.

Bottom line is all banks now say you are an unsecured creditor NOT a depositor. Same here in UK.

In the coming great collapse your bank will likely steal your account and any insurance pot of money will not stretch to all people, so you will doubtless lose it in the crash.

 I’m afraid many who may make some money in this rv will go on to lose it in the crash. Look up “joint bank of england paper from december 2012″ and you should see what it says for all western countries (most have adopted it i think).

Yes canada had it written into their budget but one way or the other we all on here have it written into our laws. Be veeeeery wary of that!!!

mygirl56 says:   Nope, I’m happy to say you’re wrong about “bail in” in Canada. This topic was posted here earlier this year with links.to the sources. I will try to find and re-post.

The banks here are on the hook to look after themselves should a bail in be required, but absorbing their depositors’ money is not one of them. The same term is used, but it does not mean the same thing it meant in Cypress. Or in the USA apparently.

LP says:   Go Gazza. He’s on it, taking care o’ business!! Thanks.

Loyd says:  I had read that disclosure was made after world war II this series of articles are starting to get interesting. http://www.veteranstoday.com/2014/10/25/return-of-the-titans/

Mathew says:   As far as banks go (usa only here) I am looking to follow the money to safe (ie non-leveraged) institutions who also don’t have massive overhead supporting hundreds of branch locations.

I find this chart a good reference for which banks are getting the majority of the deposits this year.

Of course the big boys have the lions share. But interesting to note: If you look just below the big ones you will find the largest banks in your area that have no derivatives or other high risk in their portfolios.

http://www.ibanknet.com/scripts/callreports/filist.aspx?

And this is old news but worth repeating: Just click on the derivatives link on the left side of that site under “off balance sheet” to see how much risk your bank has.

The above information is in no way a complete bank profile of course.

Plan, research, and plan some more…

LP says:   Matthew  Thanks so much for this link. Please let me know what banks your further research indicates are stable.

 Tony has my email address if you come across additional info or links you feel are important. I did some initial research but would appreciate any additional insights you can send my way. Many thanks.

mygirl56 says:  Okay. Here is some background. One of the main reasons a bail in such as that seen in Cypress won’t happen in Canada is due in large part to the way our banking system is set up.

It is also due, in large part, to the fact that Canadian financial institutions did not pay lip service to Basel I and II protocols, they implemented them. The same is true for Basel III. They are a pain in the butt for Credit Unions but that’s another story. Meantime, here are some links regarding bail in Canada style:

First, here is an article from 2013, to give a little background:

http://www.theglobeandmail.com/report-on-business/ottawa-clears-up-confusion-over-bank-bail-in/article10697667/

The federal government is scrambling to clarify the language around its proposed “bail-in” scenario for Canadian banks in the event of a financial crisis, hoping to distance itself from the type of bail-in that occurred last week in debt-riddled Cyprus.

For the past two years Canadian regulators have used, without much controversy, the term “bail-in” to describe their proposed plan for stabilizing the sector in a crisis.

 However, when government officials in Cyprus ordered a bail-in of its banks last week that took a cut of customers’ deposits, the term took on a much different meaning.

……The confusion stems from the fact that a “bail-in” can take many forms. Typically, it refers to funds that a bank draws upon to stabilize itself in a crisis – funds that come from within the organization itself.

And it differs from a bail-out, in which the bank receives emergency capital from an outside source, such as the government.

Canada began drawing up rules for a bail-in plan a few years ago in an attempt to avoid the large government bailouts required by some U.S. banks during the credit crisis.

 Under the proposed Canadian plan, banks would set aside contingent capital, such as shares, which could be quickly converted to cash to provide liquidity and stabilize their operations should a crisis hit.

Ms. Perchaluk said the Canadian structure involves capital the banks have been required to set aside, “without risking taxpayer money.”

In Cyprus, depositors have been forced to take losses on uninsured deposits of more than €100,000 ($130,090). Depositors have surrendered 37.5 per cent of deposits over that threshold, which were then converted to equity in the bank.

An additional 22.5 per cent of the funds have been held to use if further action is needed.

The moves caused Cypriots to pull their money from banks in droves to prevent it being lost to the bail-in.

Those developments in Cyprus sent ripples through the ranks of Canadian depositors after the federal government made reference to its own crisis-management scenario in the budget.

“The [Canadian] bail-in regime is to protect both taxpayers from having to bail out banks and depositors from having to take a financial hit like we’ve seen in Cyprus,” Ms. Perchaluk said.

“If a bank is having severe difficulties, the bail-in regime would force certain debt instruments to be converted into equity to recapitalize the bank.”

**********************************

From August 2014: http://www.mccarthy.ca/article_detail.aspx?id=6861

Here is the meat from that link although to understand it best I suggest you read the entire article:

The proposed Canadian bail-in regime grants to the Government of Canada two significant conversion powers with respect to Canadian D-SIBs’ outstanding capital and debt.

First, the government is granted the power to permanently convert “eligible liabilities” of the D-SIB into common equity. Second, the government is granted the power to permanently cancel existing shares.

Each of the two new conversion powers can only be exercised if two preconditions have been met. First, the Superintendent of Financial Institutions must have determined that the bank has ceased or is about to cease being viable.

Second, full conversion of the bank’s non-viable contingent capital (NVCC) instruments must have occurred (NVCC instruments are capital instruments that by their terms convert into common shares if regulatory authorities determine that the bank is no longer viable).

Eligible liabilities of D-SIBs subject to the conversion power consist only of “long-term senior debt,” which is senior unsecured debt that is tradable and transferable with an original term of over 400 days.

Secured debt and deposits are specifically excluded. Therefore, the regime does not contemplate a “Cyprus-style” bail-in, whereby depositors could be asked to participate in the bail-in.

Depositors remain specifically protected under the existing Canadian deposit insurance framework (which the Department of Finance indicates it will also review to ensure that depositors remain adequately protected).

In addition, the proposed conversion power with respect to eligible liabilities will apply only to debt that is issued after implementation of the new bail-in regime, with no retroactive application to existing debt. There will be a transition period prior to the application of the regime.

***************************

Also from August:

http://www.bloomberg.com/news/2014-08-01/canada-starts-public-consultation-on-bank-bail-in-policy.html

From the article:

As part of the new rules, the Canadian government is proposing that senior unsecured debt be subject to conversion into common shares, and that policy makers will have the power to cancel pre-existing common shares.

Deposits are excluded from the proposed system, with insured deposits remaining covered by Canada Deposit Insurance Corp.

**********************

And from September 2014:

http://business.financialpost.com/2014/09/29/common-shareholders-of-banks-will-pay-biggest-price-for-bail-in-report/

As you can see from the article name it is shareholders who will be asked to bail in, not depositors.

**************************************

I hope all the Canucks on this blog are now able to rest easy about this. There is NO law on the books that will give your bank account a Cypriot hair cut, or anything close to it. Nor will there be. 

Thankfully, banking in Canada is quite a different animal from many other countries, and we have our federal banking laws to thank for that. See? Government CAN be a good thing! :)

Gazza says:    Mygirl   I hope you are right but I heard different. I never trust any gov or bank.

 Because i believe a huge bust is coming i think all western banking systems will take the money from your account when the time comes but thats just my opinion. 

You could be right but is it worth the risk? I like your lengthy research but i still have heard different over the months from various sources. I think canada is in the firing line as much as usa and uk. We will see i guess!

Gazza says:  Ps to that… canada will not be left alone by tbtp anyway because they will turn it into a union with usa and mexico and bring it to a third world nation. The noose is slowly tightening. 

So there is no reason to believe canada won’t be financial beaten up as much as usa and the rest of us in due course. Tptb have plans for you up there! And each one of us too. 

Your gov cannot protect you from the coming one world gov i’m afraid. If usa banks go down and bail in, so will canada. Plus it seems you exported your mark carney guy to be our bank of england leader… hmmm… thanks! He was the patsy put in to take the fall for the coming collapse it seems!

mygirl56 says: Dear Gazza – you ‘heard’ different. Back it up with links. I ‘heard’ different from you!

I have never said Canada won’t be affected by the US dollar tanking.

 Indeed, how can we not be affected when the USA is our largest trading partner?

 The manufacturing sector is sure to take a hit, and quite likely a large one.

 However, perhaps you have also ‘heard’ that Canada and Australia are highly regarded and spoken of in terms of reserve currencies when the US dollar is exposed for the empty shell that it has become.

 So you don’t need to worry that we will be in the same boat. We might be in the same ocean, but our boat is much more water worthy. MY opinion.

As for Mark Carney, he was not “exported” but rather ‘stolen’ away, and my guess (which is as good as yours, yes?) is that he was hired, not to take the fall when the poop hits the fan in the UK, but absolutely to try and avoid the poo and the fan altogether.

 If anyone can save the UK banking system, I believe it is Mark Carney. You may recall, or perhaps don’t know, that when said fan was last covered in crapola and it was being flung far and wide over a large part of the world (2008, in case anyone is wondering), Canada remained stable and weathered the poo-flinging fest quite nicely. Were we untouched? No. But there was no recession here.

 No real estate bubbles popped. No major corporations required bail outs. Nothing of the sort. I could go on, but I’ll leave it at this.

 I have every reason to believe Canada won’t be as ‘badly beaten up’ as the USA when the dollar devalues. We won’t be immune, but we will handle it much better than many. Why? 

In part because of our banking system and largely because the White Hats are winning. 

That means NO NWO. If you don’t believe that, well, that’s up to you. Nothing I can do about that. As for me, I will ‘keep calm and carry on’. And look to the light, rather than the dark side.

Gloria Madison says:   Mygirl, well first of all, I hope you’re right, but sadly I don’t think you realize the scope and depth of the GLOBAL collapse. You asked for links, I have one straight from a source that I feel is very credible quoting OWoN “If America goes now, it all goes.”

Read more at: http://www.oneworldofnations.com/2014/10/turning-tide-4-break-america-free.html

OWoN © All Rights Reserved

Mygirl56 says:  Thank you Gloria. I read OWoN earlier this evening and saw that article.

I am not saying it won’t happen here, I attempted to be clear about that but guess I didn’t do a good job. Canada has ALWAYS been affected by what happens in the USA be it good, bad or indifferent. 

The only point I was attempting to make was that I believe it won’t be as unpleasant/ugly here as it sounds like it will be south, based in some part on the 2008 mess. So don’t be sad for me.

 My head is neither in the sand nor anywhere else the sun does not shine :). Planning for the worst and hoping for the best. Not focusing on collapse or chaos because we all know that will only attract more negative energy.

Dinar Updates:

Quote:   “Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.”  

Poppy3: 
THE ONLY PROBLEM WITH THAT RATE IS IT DOESNT HAVE ENOUGH VALUE FOR THE PEOPLE OF IRAQ TO GAIN CONFIDENCE IN THEIR DINAR TO STOP USING THE USD.

FURTHERMORE IT IS NOT NEAR ENOUGH TO FULFILL THE BUDGET OR TO FUND THE HCL .

THESE THREE THINGS ALONE TELLS ME IT WILL BE HIGHER THAN ONE TO ONE.

I ALSO POINT OUT ANYONE INVOLVED OR IN THE AUTHORITY TO MAKE THAT CHANGE HAS NEVER SAID A WORD ABOUT 1 TO 1 OR A LOW RATE PERIOD.

ONLY PEOPLE MAKING THEIR SUGGESTIONS HAVE ALLUDED TO 1 TO 1 POSSIBILITIES. 
….
*************************

Stage3Alpha:

OilRat October 31, 2014 at 10:24am Just in on CNBC: n Citi just reported $1.6B in fines/legal fees for currency manipulation!!!   All company’s together on fines/legal fees for currency manipulation is over $6B

Count Blacula October 31, 2014 at 10:34am funny how so many currency manipulation fines for several banks but not one articles says which currencies are in question.

**********

More Guesses to NEW Picture Intel/Clues:


G T October 31, 2014 at 10:53am New Clues…..

Whales Are Angry Because they Exchanged At Low Rates (SKR RATES)

Bank Employees Are getting Upset Because Their Employers Lied to them

They are Ready to “SPILL THE BEANS” to the Public!!!

**********

Vinman October 31, 2014 at 10:48am

LOL…the whales are angry for getting low exchange first rates on their SKRs.

Well….that’s what you get for being the first mouse. 

Wells Fargo and Chase employees and tellers are angry for being lied too all this time.

Bank tellers and Wealth managers are ready to spill the beans to the general public….100% confirmed nationwide.

***********

E > Vinman October 31, 2014 at 10:53am better geterdone before the general public buys the remaining dong and deener supplies

**********

EXOGEN October 31, 2014 at 11:32am BANK EMPLOYEES, TELLERS, AND WEALTH MANAGERS ARE PISSED , AND OTHER TIER 1 AND TIER 2 BANKS WHO WERE NOT ALLOWED TO PARTICIPATE ARE INVOLVED AS WELL, AS MANY CLIENTS AND WHALES WHO DID SKR’S, AND PRIVATE EXCHANGES MOVED LARGE SUMS OF MONEY TO OTHER BANKS AND THEIR OTHER WEALTH MANAGERS, SO NOW BANKS ARE TURNING AGAINST OTHER BANKS AND EVERYTHING IS DOCUMENTED……….

COMPETING BANKS WHO WERE NOT ALLOWED TO PARTICIPATE ARE NOW PAYING EMPLOYEES FROM OTHER BANKS BONUSES TO LEAVE AND BRING THE DATA, SCREEN SHOTS, WIRE TRANSFER COPIES, BANK STATEMENTS, ETC TO THEIR NEW JOB IN REFERENCE TO PRIVATE EXCHANGES COMPLETED NATIONWIDE WITH SELECT BANKS

Nevada Joe > EXOGEN October 31, 2014 at 11:41am We knew the whole concept of insiders exchanging before everyone else would eventually be a huge mess.  It’s also obvious bank employees will be pissed because they’re watching all these folks become filthy rich while they have to continue to work their asses off.  Does this mean we’re in for a fight and issues when (or if) it comes time for us peons to exchange?

Vinman > EXOGEN October 31, 2014 at 11:39am Going to explode soon.  They better hope this doesn’t hit social media or all heck will break loose.

**********

TNT:


[Sallypuff]
Amazing – The DOW broke an all time high. Gold is at a 4 year low, and silver has been falling too. I would rather be sitting on Dinar, Dong and Zim verses no stocks than the other way around. Here is how things would go, if I were to mention to my engineer son, the Dinars are ready to change value. He would respond look what my stocks have been doing. Dad, “Can you show me any proof of your Dinar value?” Son, “I don’t have to because I know what is coming.” History will repeat (thinking of Kuwait)

**********

I4U:


LandonsNana: 
tman23   Many Iraqi’s are displaced outside the country and unable to collect their pensions etc…They are signed up to be paid on the Qi card but the card only works in Iraq …Qi is telling all customers that “by the end of the year” the card will be able to be used at ATM’s over 500,000 terminals world wide.

NOW give this some thought……. If the Iraqi is paid say 1,600,000 dinars per month and Iraq RV’s this person would be cleaning out ATM’s in Turkey , Jordan etc….. Not to mention a major part of the population would leave Iraq for safe havens…If they remove the zeros first then go 1-1 not much changes…

The debate in Parliment has been a deficeit of 50 billion and the argument is to cut it down to 14% (12 billion)…The interesting part is these figures 12 billion would be the amount including raises which figures in to a 1-1…and 50 billion figures close to 3.4…

Some may argue that these figures have nothing to do with RV or CBI…But it works!


KTFA:

Alan » October 31st, 2014, 9:42 am  US dollar high 87.12.
Marketwatch.com

**********

notthe1
wrote on October 31st, 2014, 8:54 am:The Dinar virus is spreading… Markets are responding… It is like a Terminal bud on a tree wakening up in the spring time… slowly it unfolds..soon life is all around. What a day to be alive.

**********

RANSOM »
October 31st, 2014, 11:03 am   Yep! Just over a dollar might work just fine. Especially if they require the public to turn they’re dollars in for dinar. But I wonder all those joint ventures with Kuwait …. It would be easier accounting if it was close to or the same rate.

I know they have already been doing business with Kuwait but…. We don’t know what the terms were? Did they have two sets of books? Compensate in gold? Dollars, future rate agreements?

Who knows . …we have to just sit back and wait. I personally think SOOM… IN THE COMINGS DAYS … ITS IMMINENT!

**********

hawger03 » October 31st, 2014, 11:33 am  Good Morning Family!

Awesome CC last night Frank and Delta! One thing to remember is to not get side tracked. This always seems to happen when good news comes out of Iraq.
Iraq is NOT in control of their MR.

 If Iraq comes out with a rate that is anything lower than the true rate for the dinar it is only because the PTB choose to do it that way. Personally, I don’t see it coming out low. Did anyone worry about the Iraqi citizen being able to adapt when we took their currency from $3.22-1 to $1-3000? NO!

People will adapt to whatever the rate is set at.

 Secondly, in preparation to be article 7 compliant, Iraq had to show the IMF that it could maintain a program rate for their currency……for years! What was the point in this exercise? I believe that the IQD will come out at it’s true rate, be it an RI or RV and they will show, once again, that they can maintain their rate.

They will also have the power to adjust up or down in direct correlation to their economic indicators. Yes, the PTB have learned from Kuwait that a free float can spell disaster.

Always keep in the back of your minds that Iraq is only facilitating the plans of the PTB and cannot deviate from them. Big money controls the financial changes on this planet at least in this life. Also remember that when Kuwait revalued, they came out and stated that they would not change their rate and then did just that a day later.

This may be what Ghost was referring to when stating that Iraq will make an announcement and then do the opposite.

All of the above is completely IMO and should not be taken as fact. Keep your heads together and make sure your future plans are written. It’s too easy to get sidetracked without having a playbook to go by. Blessings to you family and GO RV!!!

**********

DLR »
The greater part of our happiness or misery depends on our dispositions and not our circumstances.” — Martha Washington

Life is growth. If we stop growing, technically and spiritually, we are as good as dead. -Morihei Ueshiba

**********

jdtolle » October 31st, 2014, Happy Halloween! Be willing to

If you want to learn, be willing to make some mistakes. If you want to achieve, be willing to experience some disappointment.

The good and valuable things in life are absolutely within your reach. Yet the pathway to them is not straight and easy.

To achieve what you desire, you must be willing to get away from what is comfortable and familiar. To create meaningful value, you must be willing to put forth some meaningful effort.

Life is overflowing with magnificent possibilities. There is no shortage of opportunity for great fulfillment when you are willing to do what must be done.

Be willing, not just for a little while at first, but for as long as it takes. Be willing, not just to take the easiest way out but to take the most effective, the most challenging way forward.

Great things come to those who are willing. Be willing, and bring your own special greatness to life.

— Ralph Marstonv    Wishing All a safe and blessed day.

Dinar Updates:

Quote:   “Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.”  

Poppy3: 
THE ONLY PROBLEM WITH THAT RATE IS IT DOESNT HAVE ENOUGH VALUE FOR THE PEOPLE OF IRAQ TO GAIN CONFIDENCE IN THEIR DINAR TO STOP USING THE USD.

FURTHERMORE IT IS NOT NEAR ENOUGH TO FULFILL THE BUDGET OR TO FUND THE HCL .

THESE THREE THINGS ALONE TELLS ME IT WILL BE HIGHER THAN ONE TO ONE.

I ALSO POINT OUT ANYONE INVOLVED OR IN THE AUTHORITY TO MAKE THAT CHANGE HAS NEVER SAID A WORD ABOUT 1 TO 1 OR A LOW RATE PERIOD.

ONLY PEOPLE MAKING THEIR SUGGESTIONS HAVE ALLUDED TO 1 TO 1 POSSIBILITIES. 
….
*************************

Stage3Alpha:

OilRat October 31, 2014 at 10:24am Just in on CNBC: n Citi just reported $1.6B in fines/legal fees for currency manipulation!!!   All company’s together on fines/legal fees for currency manipulation is over $6B

Count Blacula October 31, 2014 at 10:34am funny how so many currency manipulation fines for several banks but not one articles says which currencies are in question.

**********

More Guesses to NEW Picture Intel/Clues:


G T October 31, 2014 at 10:53am New Clues…..

Whales Are Angry Because they Exchanged At Low Rates (SKR RATES)

Bank Employees Are getting Upset Because Their Employers Lied to them

They are Ready to “SPILL THE BEANS” to the Public!!!

**********

Vinman October 31, 2014 at 10:48am

LOL…the whales are angry for getting low exchange first rates on their SKRs.

Well….that’s what you get for being the first mouse. 

Wells Fargo and Chase employees and tellers are angry for being lied too all this time.

Bank tellers and Wealth managers are ready to spill the beans to the general public….100% confirmed nationwide.

***********

E > Vinman October 31, 2014 at 10:53am better geterdone before the general public buys the remaining dong and deener supplies

**********

EXOGEN October 31, 2014 at 11:32am BANK EMPLOYEES, TELLERS, AND WEALTH MANAGERS ARE PISSED , AND OTHER TIER 1 AND TIER 2 BANKS WHO WERE NOT ALLOWED TO PARTICIPATE ARE INVOLVED AS WELL, AS MANY CLIENTS AND WHALES WHO DID SKR’S, AND PRIVATE EXCHANGES MOVED LARGE SUMS OF MONEY TO OTHER BANKS AND THEIR OTHER WEALTH MANAGERS, SO NOW BANKS ARE TURNING AGAINST OTHER BANKS AND EVERYTHING IS DOCUMENTED……….

COMPETING BANKS WHO WERE NOT ALLOWED TO PARTICIPATE ARE NOW PAYING EMPLOYEES FROM OTHER BANKS BONUSES TO LEAVE AND BRING THE DATA, SCREEN SHOTS, WIRE TRANSFER COPIES, BANK STATEMENTS, ETC TO THEIR NEW JOB IN REFERENCE TO PRIVATE EXCHANGES COMPLETED NATIONWIDE WITH SELECT BANKS

Nevada Joe > EXOGEN October 31, 2014 at 11:41am We knew the whole concept of insiders exchanging before everyone else would eventually be a huge mess.  It’s also obvious bank employees will be pissed because they’re watching all these folks become filthy rich while they have to continue to work their asses off.  Does this mean we’re in for a fight and issues when (or if) it comes time for us peons to exchange?

Vinman > EXOGEN October 31, 2014 at 11:39am Going to explode soon.  They better hope this doesn’t hit social media or all heck will break loose.

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TNT:


[Sallypuff]
Amazing – The DOW broke an all time high. Gold is at a 4 year low, and silver has been falling too. I would rather be sitting on Dinar, Dong and Zim verses no stocks than the other way around. Here is how things would go, if I were to mention to my engineer son, the Dinars are ready to change value. He would respond look what my stocks have been doing. Dad, “Can you show me any proof of your Dinar value?” Son, “I don’t have to because I know what is coming.” History will repeat (thinking of Kuwait)

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I4U:


LandonsNana: 
tman23   Many Iraqi’s are displaced outside the country and unable to collect their pensions etc…They are signed up to be paid on the Qi card but the card only works in Iraq …Qi is telling all customers that “by the end of the year” the card will be able to be used at ATM’s over 500,000 terminals world wide.

NOW give this some thought……. If the Iraqi is paid say 1,600,000 dinars per month and Iraq RV’s this person would be cleaning out ATM’s in Turkey , Jordan etc….. Not to mention a major part of the population would leave Iraq for safe havens…If they remove the zeros first then go 1-1 not much changes…

The debate in Parliment has been a deficeit of 50 billion and the argument is to cut it down to 14% (12 billion)…The interesting part is these figures 12 billion would be the amount including raises which figures in to a 1-1…and 50 billion figures close to 3.4…

Some may argue that these figures have nothing to do with RV or CBI…But it works!


KTFA:

Alan » October 31st, 2014, 9:42 am  US dollar high 87.12.
Marketwatch.com

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notthe1
wrote on October 31st, 2014, 8:54 am:The Dinar virus is spreading… Markets are responding… It is like a Terminal bud on a tree wakening up in the spring time… slowly it unfolds..soon life is all around. What a day to be alive.

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RANSOM »
October 31st, 2014, 11:03 am   Yep! Just over a dollar might work just fine. Especially if they require the public to turn they’re dollars in for dinar. But I wonder all those joint ventures with Kuwait …. It would be easier accounting if it was close to or the same rate.

I know they have already been doing business with Kuwait but…. We don’t know what the terms were? Did they have two sets of books? Compensate in gold? Dollars, future rate agreements?

Who knows . …we have to just sit back and wait. I personally think SOOM… IN THE COMINGS DAYS … ITS IMMINENT!

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hawger03 » October 31st, 2014, 11:33 am  Good Morning Family!

Awesome CC last night Frank and Delta! One thing to remember is to not get side tracked. This always seems to happen when good news comes out of Iraq.
Iraq is NOT in control of their MR.

 If Iraq comes out with a rate that is anything lower than the true rate for the dinar it is only because the PTB choose to do it that way. Personally, I don’t see it coming out low. Did anyone worry about the Iraqi citizen being able to adapt when we took their currency from $3.22-1 to $1-3000? NO!

People will adapt to whatever the rate is set at.

 Secondly, in preparation to be article 7 compliant, Iraq had to show the IMF that it could maintain a program rate for their currency……for years! What was the point in this exercise? I believe that the IQD will come out at it’s true rate, be it an RI or RV and they will show, once again, that they can maintain their rate.

They will also have the power to adjust up or down in direct correlation to their economic indicators. Yes, the PTB have learned from Kuwait that a free float can spell disaster.

Always keep in the back of your minds that Iraq is only facilitating the plans of the PTB and cannot deviate from them. Big money controls the financial changes on this planet at least in this life. Also remember that when Kuwait revalued, they came out and stated that they would not change their rate and then did just that a day later.

This may be what Ghost was referring to when stating that Iraq will make an announcement and then do the opposite.

All of the above is completely IMO and should not be taken as fact. Keep your heads together and make sure your future plans are written. It’s too easy to get sidetracked without having a playbook to go by. Blessings to you family and GO RV!!!

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DLR »
The greater part of our happiness or misery depends on our dispositions and not our circumstances.” — Martha Washington

Life is growth. If we stop growing, technically and spiritually, we are as good as dead. -Morihei Ueshiba

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jdtolle » October 31st, 2014, Happy Halloween! Be willing to

If you want to learn, be willing to make some mistakes. If you want to achieve, be willing to experience some disappointment.

The good and valuable things in life are absolutely within your reach. Yet the pathway to them is not straight and easy.

To achieve what you desire, you must be willing to get away from what is comfortable and familiar. To create meaningful value, you must be willing to put forth some meaningful effort.

Life is overflowing with magnificent possibilities. There is no shortage of opportunity for great fulfillment when you are willing to do what must be done.

Be willing, not just for a little while at first, but for as long as it takes. Be willing, not just to take the easiest way out but to take the most effective, the most challenging way forward.

Great things come to those who are willing. Be willing, and bring your own special greatness to life.

— Ralph Marstonv    Wishing All a safe and blessed day.

Stage3Alpha:

FRIDAY INTEL UPDATE!!!   Posted by EXOGEN on October 31, 2014 at 4:06am

Guesses to Exogens Picture Intel/Clues

Ranger4564 > EXOGEN October 31, 2014 at 7:29am Gold and Silver free falling, Beverly predicting deflation… it’s a great time to introduce everyone to their ABC’s… Enter the Asset Backed Currencies… in with the New out with the Old… same game, different model.

Vinman October 31, 2014 at 8:03am

Gold and silver are free falling like a rock…or an elephant if you prefer

Hang on….we’re almost there!

They’re making room for the entry of the new asset-backed currency.

And a transition from the old fiat financial system to the new asset-backed system.
….

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EXOGEN October 31, 2014 at 8:36am  http://www.monex.com/liveprices/

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BLOOMBERG:Citigroup Legal Costs Jump as Currency Probes Accelerate (ILLEGAL CURRENCY MANIPULATION)-600 MILLION IN FINES

Posted by EXOGEN on October 31, 2014 at 8:56am

Citigroup Legal Costs Jump as Currency Probes Accelerate

http://www.businessweek.com/news/2014-10-30/citigroup-reduces-profit-by-600-million-on-legal-costs

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REUTERS: Barclays sets aside $800 mln for FX fines as profits rise (ILLEGAL CURRENCY MANIPULATION)-800 MILLION IN FINES  
Posted by EXOGEN on October 31, 2014 at 9:20am

UPDATE 3-Barclays sets aside $800 mln for FX fines as profits rise

http://www.reuters.com/article/2014/10/30/barclays-results-idUSL5N0SP18X20141030

http://www.cnbc.com/id/102136130

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TNT:

Iko Ward : Hey guys, just touching base. If they are going to do the rollout it means they will start tonight after 5PM EST. When we will hear is anybody’s guess, but based on all the Intel and Okie’s post we look pretty darn great. Anything weird on Forèx happens I’ll do an update. See you on the call.

Taxmom: 
Holy buckets. Silver is down another 2.7% this morning to 16.08. Gold is down @.24% to 1173. Takes us back to levels not seen since early 2010. Very heavy volume. Yesterday they were down significantly too….. My feeling is once the RV hits, the metals will bounce back up. For one thing, there will be demand from us! Metals markets are so manipulated hard to tell exactly what they are doing

King Simeon:  Just saw on CBS this Morning that Citi Bank and Barlclay are storing millions for a foreign exchange. Coincidence?

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GET:

[.MikeH] 10-31-2014 Delta the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases.

On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution.

…it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases.

 IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time….looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate.

IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens.

IMO, the rate will come out around $0.25 – $0.35 and gradually increase…the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly…within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase.

KTFA:

mcdan wrote on October 31st, 2014, 5:50 am:  

FYI GOLD BELOW 1200 SILVER BELOW 17.00
http://oil-price.net/

Alan » October 31st, 2014, 8:40 am    US dollar at 86.62.   www.marketwatch.com

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walkingstick » October 31st, 2014, 7:58 am   

51 countries declare banking secrecy ‘obsolete’, sign pact in Berlin
Published time: October 30, 2014 16:18 Get short URL

Finance ministers from over 51 countries signed an agreement in a step closer to ending the dark financial underworld of tax-evasion and money-laundering. Another 30 countries pledged to join by 2018.

The deal is called the Multilateral Competent Authority Agreement and will look to build a collective exchange of bank accounts, taxes, assets, and income held outside local tax jurisdictions.

The two-day summit was organized by the Organization for Economic Cooperation and Development (OECD) and the Global Forum on Transparency and Exchange of Information for Tax Purposes. It was hosted by German Finance Minister Wolfgang Schauble and held in Berlin.

“Banking secrecy, in its old form, is obsolete,” German Finance Minister Wolfgang Schaeuble said in an interview in Bild on Wednesday.

The practice is “no longer appropriate at a time when people can transfer their money all over the world at the press of a button via the internet,” said Schaeuble.

Germany is a staunch opponent of Bank secrecy by geography. On its southern border lie historically secretive Austria and Switzerland, and on the western frontier is Luxembourg, also known for its tight-lipped financial institutions.

Members like the Cayman Islands, the Virgin Islands and Liechtenstein – all notorious for being tax havens, signed the agreements.

Asset hideouts like Austria, Switzerland, and the Bahamas didn’t sign the agreement itself, but promised to join the initiative by 2018.

The new American anti-secrecy measure, FATCA, added a sense of urgency to the debate.

FATCA legislation, signed into law in 2010 and enacted on July 1, 2014, requires overseas financial institutions to identify their American customers to the IRS. The law applies to any account with more than $50,000.

http://rt.com/business/200883-banking-secrecy-obsolete-berlin-tax/

Virtue calls for pressure unnecessary expenses and increase oil product to address the problem of the budget

History of edits:: 31/10/2014 twelve ten


{Baghdad: Euphrates News}

called Virtue parliamentary bloc affiliated to the National Alliance to pressure unnecessary expenses and increase oil product to address the problem of the budget.


The head of the bloc MP Ammar Tohme said in a statement the agency {Euphrates News} received a copy of it today that "increasing the quantities of exported oil and address the causes of the delay that has dogged this issue as a political dispute between the province

and the center of the receipt of the oil produced in the region and exported within the national system, as well as the export of oil produced in Kirkuk, which form in a sum equal to 700 000 barrels a day at least will contribute to addressing the problem of the budget. "

He added, "We also work on choosing the best mechanisms to increase oil production in all national fields, and compression expenses and limited to the priorities and basic materials necessary to not it affects the employees’ salaries

and social care segments and the ration card Aadila will contribute to addressing the problem of the budget. "

Tohme said that "the actual budget figures showed the actual expenditures for the period from 01/01/2014 up to 08/31/2014 and which amounted to {66}, while nearly a trillion estimated amounts to spend four months remaining equal to {72} trillion,

while the adoption of curriculum rationalization and pressure expenditure makes {40} sufficient trillion to meet the basic needs of the resources spending for that period

note that {30} trillion is the revenue estimates for the next four months and this explains the difference great between the estimates for that period and the actual need for spending. "

He stressed that "Dharor statement the amount of excess amounts of past years note that these budgets are often seen a high increase in oil prices and said the deficit is always a sketch and not actually,

in addition to uncover details excess amounts illustrates transparent perceptions about money movement and prevent any waste or corruption in their resources.

" He said Tohme "the need to provide digital data for detailed resources spending the last months of this year and the measurement of that required spending for the coming months, estimates of objective vision limited to the necessary resources and basic,

and speed up the development of infrastructure for the oil sector as a priority increasing the absorptive capacity and Alkhoznip oil product to prevent suspended production for days because of inadequate infrastructure existing absorb oil product.

" It is noteworthy that the current fiscal year may be drawing to a close without that there is a financial budget, what cause disable a lot of projects and impact negatively on the lives of the people,

and suggest compass economy in the country that the reasons for the delay and lack of approval and pass the most important law and the most vital is the policy and their differences.

Revealed committee of economy and investment parliamentary "The deficit in the current year’s budget of more than $ 80 billion, and the size of the money supply that are traded in the markets of 40 billion dollars, and storage of funds in the central bank’s 76.3 billion Dolar.anthy

http://wwww.alforatnews.com/modules/news/article.php?storyid=68165

Gazza says:  Hey Tony  Thanks for reply but sorting a long relationship obviously cannot be done with a new major bank between now and the rv. 

My existing bank doesnt do dongs so i had to get new one elsewhere but of course they dont know me. Even my old bank doesnt “know” me, we are all just numbers on a database somewhere. 

But I have no choice and prob not the only one on here who has had to open a new bank account. So I have my paperwork in order as much as possible but I am a new face in a new bank with no history. Nothing I can do.

Although I find it a bit far fetched a major bank would only query a new customer showing sudden large funds. I think they will suspend all people no matter how long they’ve been a customer. 
~~~

Actually if you think about it it is more likely to suspend an old customer as they would have a reason to say “this is out of the ordinary for this person” whereas a new person may be wealthy before the rv for all they know.

As long as you can prove the notes are good faith legit and they have no reason to think you are a drug dealer or money launderer I think the relationship thing is a bit far fetched. Conpliance will query it, find nothing wrong and release it however long you have been acustomer.   Anyone else agree?

whitehatauxiliaries says:  I would not worry about things that are out of your control. We are all here in present time and the only thing we can do is hang on and hit the banks when we are given the high sign.

We cannot control what banks will ask or require in the future. Whatever track record you have with a bank will have to hopefully do.

We still do not know timing, rates or exact procedures. Just be ready for anything.

That’s all we as individuals can do. By now we know what basics are required for as smooth a process as possible. The rest is out of our hands, so let’s not cook rabbits that have not been caught.

LP says:  Gazza, I strongly disagree, for your sake. I know a man in the Midwest who has NOTHING, is picking fruit to support his child after his wife died at 29.

 His account was overdrawn and closed, his balance never exceeded $160, and even he fixed things up at his bank, made it right, paid off his fees and opened a second new account to be clean, clear and as ready as he can be. Just go do it or you may regret even more than you do now. (Are you just trying to take the Mickey out of us all? )

Gazza says:   LP   Sad story, and I have opened a new account it is all I can do. Not taking the Mickey out of anyone (not sure why u said that??).  Anyway, thanks for replying

stocked says:  Has anyone heard anything more on CMKX payout?

whitehatauxiliaries says:  No word of payment to shareholders has been reported to us.

LP says:  Oct 26th had by far the funniest commentary. I’m happy to see the humorous flurries. OWoN was really colorful too and it’s great to see their commentary taken in good cheer. It’s been cheek and now I sleep.

JBloss says: I’m glad recaps was posting you…or I would not have found you in the first place.

whitehatauxiliaries says:  Hello,   I am glad you are here. Stay tuned and enjoy!

Paul L Davis says:  Hi P,  From my perception and interpretations of Gazza’s comments for a while now is he/she is currently deeply into whining. As the vibration of this group/collective that all of us regulars readers here at this site are on an energetic level will have an effect on Gazza.

 If most, and I think it is most by now, do not react to the whining and verbalization of victim consciousness coming from Gazza he/she will eventually just leave quietly, or will change and rise in vibration and leave the whining and victim consciousness behind. I was once involved in organization of intentional communities called the Emissaries of Divine Light.

Their attitude was; if you can handle the vibration you were welcome to stay. No memberships.

I remember one experience at their 100 Mile House BC, Canada. I was watching an evening presentation of talks by the students who had spent a summer at other Emissary community somewhere in the world.

I was sitting high, in the back, in the movie theater type room that could sit a couple of hundred at least, and started noticing the auric fields in the room. It was a veritable light show, something brand new to me. I was enthralled and in awe for an hour.

After the meeting I found a small group and told them of my experience. There response was quick and curt, as I was obviously in an excited ego state, one of them said ” oh, that; don’t get caught up in it; say thanks and let it go”. Then they all turned and walked away from me.

I soon learned that if I spoke from my heart they listened. If I spoke from ego they were not interested in my company in the least. After a few days I just had to leave as the stress and tension became overwhelming; I left. [ now I understand I was simply not ready to change] and the energy was too much for me to handle.

I suggest we allow Gazza the freedom to be present here. If we are reactive we need to know there is a gift for us to find. When it does not matter anymore, to us personally, we will know we have recognize and received the gift. I am sure if anyone becomes unruly and stupid in their comments they will be terminated.  Just my thoughts about it.:-)  PD

In my opinion we need to continue to make room for Gazza. We are all free not to read their comments if we do not want to.

LoveWins says:  I completely agree with you, PD. I have taken that freedom to skip her messages after the first few times she took her vocabulary out for a walk beating the air. I pass with a “bless that troubled soul Lord, and wake her to the truth that YOU and YOU alone are totally in control and teach her to trust in Your Love that never fails!”

 This site has so many amazingly deep thinkers and wonderful souls that I wish I could meet personally, men and women both. Oh my goodness. What fun! But I don’t think I’ve ever been in the presence of so many truly gifted and wonderful men as I have in Tony’s WHA. Though OWoN ain’t too shabby either!

Must be the leadership that attracts such in both sites. Mil thanks to you all. Times they are a changin’ and they be changin’ in our favor regardless of the bumps and groans!

Gloria Madison says:  You know, Gazza doesn’t hurt anyone. And if you reread FC 115 it’s about helping our fellow man, and paying forward , but no where in that FC 115 does it say our ” riches and wealth” have to be monetary.

Sometimes, people just need a shoulder to lean on, cry on, or an ear to listen to them voice their concerns, fears.. etc. and we as a collective group should be here for each other and that includes Gazza, to offer emotional support, encouragement and lift up.

 If we turn away Gazza, wouldn’t it cause the White Hats and those that are reading this blog to wonder what our intentions are if we aren’t doing what we can to help our fellow man now? I vote to keep Gazza, I am rather fond of the chap!

mygirl56 says: Eloquently said, all. Kudos.

Green Lantern says:  Since some of the conversation is leaning towards PMs, I thought I would post a few recent links and why the acquisition of them is not a bad option. What I would suggest though, on and beyond what the GCR will do to the monetary landscape, is to stay centered on what will get your family and yourself through the coming storm. Life is more than a single GCR moment.

 Having the mindset of Noah is not a bad thing to consider, being he was the original and ultimate prepper. Externally, there’s little we can do. But as remnants, there’s going to be plenty of work to attend to.

Meanwhile, what I do enjoy about this forum is that people are actually thinking and thinking outside of the box. Wow! How revolutionary! I’m a sideline watcher with the whole VND and other fiat currency situations.

Time is going to tell how this whole thing is going to shake out. But until then, remain diligent, vigilant, and keep the faith. We didn’t get to this point in a single day and it’s going to be the same in getting out of this mess. One minute and breath at a time, please! God sees everything. That is the basis of my confidence.

http://www.thedailysheeple.com/a-storm-of-global-events-is-threatening-to-push-gold-and-silver-to-record-highs_102014

http://www.pakalertpress.com/2014/10/16/top-4-things-to-do-prior-to-the-dollar-collapsing/

http://www.silverdoctors.com/jim-willie-shanghai-shock-to-shatter-the-gold-market/

http://srsroccoreport.com/srsrocco-interview-the-coming-collapse-of-the-global-paper-ponzi-scheme/srsrocco-interview-the-coming-collapse-of-the-global-paper-ponzi-scheme/

Tammy says:  Green Lantern: Thank you for posting these links- good information!

Green Lantern says:  Bows humbly.

LP says:   Gazza, that’s fantastic. Good for you. When I said that about “taking the Mickey,” what I meant I was wondering whether you were just being playful and pretending that you couldn’t get an account. Anyway, glad you got one! I’m sure it’s a better feeling to be as prepared as possible. Things are looking up!!

NausArathi says:  Personally, I feel that the backlash against Gazza is extremely unwarranted. I have noticed quite a few comments over the weeks/months directed towards him in both condescending and negative terms.

Now, we can all agree that Gazza does not always have the most positive outlook on things. However, I find his observations into things to be both genuine and within integrity, and I welcome his opinion and stand by him as a brother of this community.

Gazza is a valuable part of the family that has grown here, and as our brother, we should continue to welcome him and support him accordingly. For those of you who feel that he should be exiled, I say, “Grow the #$*@ up.”

Take a look within yourselves, instead of always pointing the finger elsewhere.

If a little bit of negativity & skepticism is enough to knock you down, perhaps you need to toughen up your own roots a bit.

I appreciate Gazza and his sincere contributions to this community, even if I do not always agree. I stand by him. And, for those of you who want him gone, I ask you to look within yourselves – perhaps you are the one with the problem.

whitehatauxiliaries says:  Hello,  Just so we are clear, I would never let a free-wheeling backlash continue against someone who did not warrant it. However, I do let people work out their differences on their own, and thus I will allow discussion to take place to hopefully achieve that end. But, there is a limit. I hope you all conclude your Gazza inquisition before it is reached.  Rock on….

NausArathi says:  Thank you – I personally do not have any inquisition in this matter, nor any desire to continue on with any sort of discussion in regards to it. The open calling for exile of a community member deserved a response, and I have said my piece. Thank you as always for keeping this whole thing together…

whitehatauxiliaries says:  I agree….  Time for some meditation and cleansing of the way….  Take it away, Sarah…….

LL says:  Well put NA. Agreed.  Rgds,

sprackle says:  The only way to get comments through email is to make a comment yourself and click the radio button. This needs to be done every time the original post changes.

This is by far the easiest way to get comments IMHO. The only downside is you never get a copy of your own comments. If somebody keeps test posting, that may be the problem. The test post will fail every time for the poster, but everybody else gets it.

And kudos to Gazza for realism and honesty. Much better than smoking hope-ium.

whitehatauxiliaries says:  The RSS feed is best for comments. They work very well. And, they run chronoligical so ALL comments are delivered in order and readable. Please see the RSS feed procedures for your browser.

Firefox RSS sucks. IE is better. Opera email browser is what I use and is the best thing I have ever used for feeds. Opera browser alone does not have a feed capability any more.

Tammy says:  Let’s change the subject as Tony suggested!

I think it would be a good idea to obtain a personal reference from a current employer, or church minister. This would be in addition to a bank letter of reference as suggested in this dialogue.

HKmarkets says:   OWoN Comment:

I hear you and many Americans. Few people understand how bad things have got in America.

But few in America understand how much worse it’s going to get. Much, much much worse.

The dollar will drop c35% in value. Imports will rocket in price. Taxes will go up and Gas will be taxed as in Europe at c $12 a gallon. They will take in every way they can.

If Dongs get a good recovery rate, it buys you time. But that’s all. Even if after taxes you end up with say $2M, invested at current market yields, banks will pay you nothing, and cross spreading may make you c3% with risks of Capital losses, so even that, after both Corporate Taxes and Income Taxes, wont leave much.

Money will depreciate as the cost of living shoots up, so, in your case, it can only be a stop gap and bridge to find a real angle to use part of it to trade for a profit.

Secure a home, a second hand car and take your time to test markets. If people lose the lot its then game over. And be sure c 60% are going to lose the lot.

For those ending up with only a few hundred thousand after taxes, most will spend like lunatics, because they want, and then it will be game over. At least , even with a few hundred K, it gives you time to test trading. Risk no more than 10% on any deal.

Reality check on bills, switch off the damned heating and wear warmer clothes as your ancestors did. Reduce electricity use as those bills are going to climb. If you don’t, they will cut you off once bills default.

Until you find an angle to work for money, there is no easy way out. As will be the case for ever more people. Put simply, without the Dongs, God will not help many.

 So, despite all your understandable worries, you, yourself, HAVE found an angle of real hope and YOU did that. As you will again once you get a kick start. You read and contribute here.

Which means you ARE a thinking American, Frustrated at what is and challenging it. Things are coming, and those with the right Dong in their hands, hopefully will get a leg up the greasy survival pole fast.

Think and realise, you are seeking self help. What about the Dumbos only squealing for Welfare bucks for ever. They have real problems coming because that is time dated. Soon, their tickets to ride will be reviewed. Hard. Reality is trucking down on them. No one is owed. No one.

So the Dongs are only a stop gap of help and finding that new angle is the key, so stay focused. You will survive. Just forget about rights to keep heating on. Its no right and eats money.

 People are going to get the mother of all wake up calls Stateside soon when the dollar tanks. What then as all prices will be hit. The dollar based on worthless hype, is being called out.

BRICS, the Yuan, Euro etc all now seek to feed their greed and all are in need. The food bowl is shrinking. Soon a guy with $7 bucks will be rich. Well for 12 seconds anyway. DL, hope for you is coming. Many don’t have that.

Read more at: http://www.oneworldofnations.com/2014/10/what-heavens-really-like-by-leading.html?showComment=1414399260107#c6995577570440675667

OWoN © All Rights Reserved

whitehatauxiliaries says: Wow. That’s some serious confirmation of what is coming for a lot of the dinar “investment” pumpers.

One thing I was discussing with someone last week concerned the fallout from a flash-in-the-pan dinar result. Imagine the rate comes out at .10 and only lasts for a few days. What will the gurus say? “Wait…..it will go higher!” Then, boom…..down to a penny, or perhaps a little more. I don’t know…just speculation on my part.

What will become of these people? Who will they blame? Will they descend on the banks and cause a riot? Violence?

All these overtones and harmonics of possibilities point to the intelligence of acting quickly. We were told to be fast a while ago. It still holds true for now.

I am really seeing the wisdom of that strategy. There are many reasons for it. Catching the right rate in prime time may be just one reason. There might be some other reasons that are akin to personal safety issues that may come into play. I don’t know. But, it’s always the unknown that gets you in the end.

Caesar, Napoleon, RE Lee, Patton, Montgomery, etc., achieved success on the battlefield because they knew what they were up against before they struck, and made plans accordingly.

Remember that, and don’t discount the possible crowd issues that might meet the latecomers.  That’s my thinking.

LP says:   Agree Gazza is not only endurable, he is essential. Not going to elaborate on why.

Gazza says:  Hi all… errr…. just caught up with the recent comments on here. Feel flattered for the attention… wasn’t seeking it. For the millionth time I am a male lol.

To set it straight, nothing great ever happens to me. I have really tried through my life and I have job applications going through right now for jobs I really need. I am not a victim of seriously bad things like some poor folk but my life is very miserable. I need to get away from here and without money I just can’t. 

I really need this rv to give me a return so I can finally get on that first rung on the life ladder after all these years. If not, there won’t be many more opportunities. I need something!! 

My negativity is more like anxiety if I am honest. I’m anxious I miss out on this chance. I already have plans in place to do charity work for poor people once I can afford to make a difference. Honest! 

I will help myself and help the poor if I can make a few quid from this. But I gotta get away from here too. I’m desperate. I am one of life’s losers yes – but I want to turn that around. But whether we like it or not, that takes a little injection of cash. One chance, that’s all I ask. I can then become worthwhile.

I never want to shoot anyone’s dreams on here – my (sometimes panicked) questions are asked becoz i need reassurance from better people. That’s YOU! I rely on you for info in all this.

That’s why I comment and ask so much. I need this chance. It’s more than a punt for me. Just the other day certain people on here answered me and really helped me and I told them so. That’s what this forum is for me… plus I have got to like you all on here too.

My voice wouldn’t sound like my typing but something is always lost in text. :) I do believe this rv will happen soon but I am very dubious about the final rate for us regular folk. That said, I stand by you all and stand with dong too and I want everyone on here to have a happy story to tell when this is all over.

So please, next time you think I’m being an asshole, I’m just reaching out in quite direct questions to an audience who I know can help me with my anxieties and lack of knowledge on these matters. :)

Thank you all! Especially all who rallied to my defence too.. cheered me up!

Martin says:  Gazza  Probably 50% of the great people like yourself on this board feel somewhat like you and your situation but are not open or honest enough to admit what you have admitted. My white hat off to you and hope it works as well for you as for everyone else.   Regards  Martin

Gazza says: Thanks mate!

whitehatauxiliaries says: Don’t worry about status here. It’s pretty hard to be banned. Some have achieved that, but only after really working on it.

Bjork would attack me at an airport before most would get the boot.

Vicxster says:   Dear Gazza  My life story sounds like yours-except for one thing; I’ve since raised my vibrations and have chosen another frequency. I know that sounds bizarre, so let me explain.

I have had many bad things happen to me, and I used to dwell on the past- people, mistakes, etc. I have been on meds for anxiety and depression for almost 20 years; it has been a very bumpy ride for a long time.

When I realized that we can pick what frequency to tune in to (just like the radio) we then change our vibration to receive it; my aha moment, you might say. Stop the mantras of the past for yourself – a purge of your mind. You are not that person today.

 Pick a new station, bud, and sing a new song with joy. It can make all the difference, it has for me and I am SO MUCH happier- truly ( and I was highly doubtful it would make a difference) all the best  Vixster

mike says:   Lordy, what a ride that is store for us all.

Central Bank announces its intention to invest its reserves abroad



Baraa Afif
30/10/2014


Central Bank of Iraq announced, during a meeting with representatives of the economic and investment commission in the House of Representatives Wednesday his intention to invest its reserves of hard currency and gold in the global market.

He said the former deputy director of the Central Bank of the appearance of Mohammed Saleh, Radio Free Iraq, "said the bank currently has a reserve of strong currencies can be invested in European banks and stable countries economically," he said, adding "that the central bank has achieved in 2007 simple returns when invested currency reserves, expected to achieve a higher rate in the next year."

In addition, said director of planning and financial management in the Ministry of Finance Hilal Taan "that could the central bank to invest its reserves of currency and gold, in the form of bonds in stable markets," explaining that "the profit resulting from the investment could be added to the treasury of the State General."

On the other hand, a member of the Committee on Economy and Investment in the House of Representatives Nora Salem to the eye, "the difficulty of the currency and gold reserves invested by the central bank, under the circumstance of security and the deteriorating economic of the country," adding, saying "It is better for the central bank to invest the currency and gold reserves in the years future."

The central bank has $ 76 billion of the national currency as a reserve, and more than 30 tons of gold.


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