emmet

The link works for me.

Smee, As you already knowI like your posts, but leave off that "just sayin" Thanks for your posts

PDX, look just above Qatar, there is a dot of an island, that is Bahrain

Yeah, Dogmatic, but you are a little sharper today. The good part you can go over it and over it and get sharper

It was the "stan" that messed me up. I did pretty well on the others.

http://www.rethinkingschools.org/just_fun/games/mapgame.html

I would think there would be a link to this post.

Sorry about the posts that are similar, I checked before I posted it but a telephone call came and in the few minutes someone else posted basically the same message.

http://theeconomiccollapseblog.com/archives/shocking-new-imf-report-the-u-s-dollar-needs-to-be-replaced-as-the-world-reserve-currency-and-that-sdrs-could-constitute-an-embryo-of-global-currency

I find it very interesting.

http://online.wsj.com/article/SB10001424052748704422204576130192457252596.html?KEYWORDS=jp+morgan+gold J.P. Morgan Will Accept Gold as Type as Collateral Feb. 8th, 2011 By CAROLYN CUI And RHIANNON HOYLE Gold hasn't reinvented itself as a currency yet. But it is getting closer. J.P. Morgan Chase & Co. Said it will allow clients to use the metal as collateral in some transactions. For example, a hedge fund wanting to borrow money for a short period can put up gold as collateral and use the borrowings to invest elsewhere, betting on making a better return. Typically, banks accept only Treasury bonds and stocks in such agreements. By making the announcement, J.P. Morgan is effectively saying gold is as rock solid an investment as triple-A rated Treasury's, adding to a movement that places gold at the top tier of asset classes. It also is trying to capitalize on all the gold now owned by hedge funds and private investors that is sitting idle in warehouses. "It's solidifying a trend that gold is re-establishing its role as a monetary and financial asset," said Carlos Sanchez, associate director of research with New York commodities consultancy CPM Group J.P. Morgan said it is responding to demand from clients, many of which also store gold in the bank's vaults. "Many clients are holding gold on their balance sheets as an inflation hedge and are looking to make these assets work for them as collateral," said John Rivett, collateral-management executive at J.P. Morgan Worldwide Securities Services. J.P. Morgan's decision Monday reignited debate among gold's fans and detractors. For decades, supporters have argued gold is a monetary asset and should be treated on an equal footing with cash. However, gold critics argued the market has been too volatile and too small for it to be considered a legitimate currency. Recently, though, gold's status has been rising. Exchanges in New York, Chicago and Europe recently agreed to accept gold as collateral for certain trades. And the World Gold Council also is gaining traction in its push to have the Basel Committee on Banking Supervision accept the precious metal as a Tier-1 asset for banks, along with government bonds and currencies. In India, many financial-services companies are offering personal loans against physical gold, a market that is expanding. "Gold is increasingly being used as collateral around the world," said Natalie Dempster, the gold council's director of government affairs. "All these moves reflect a growing recognition of gold's role as a high-quality, liquid asset." Gold futures for February delivery on Monday settled 70 cents lower, or 0.1%, at $1,347.60 a troy ounce on the Comex division of the New York Mercantile Exchange. It reached a nominal record close on Jan. 3 of $1,422.60. In essence, J.P. Morgan is creating another role for gold, which has limited use now. One of the main laments of the metal's critics is that, once bought, the metal doesn't generate any income, compared with interest on bonds or dividends on stocks, and mainly just sits in vaults, rising and falling in value. "It gives another use to gold as a cash instrument," said Tom Pawlicki, an analyst at MF Global, a commodities brokerage. Investors who hold gold, he said, "might be less likely to sell it." Gold still is far from being the integral part of the monetary system it once was. After World War II, under the Bretton Woods agreement, several countries pegged their currencies to the dollar, which in turn was fixed to the price of gold. President Richard Nixon ended the dollar-gold peg in 1971. It is unclear whether customers need to hand over the physical bullion to J.P. Morgan or at what haircut the metal will be pledged with the bank. There still is risk for financial institutions in taking gold as collateral. If prices fall sharply, along with the value of the underlying trades, the collateral value could fall short of covering the trading positions, leaving banks scrambling for more margin to cover the losses. In the past, worries about a lack of liquidity in the gold market have prevented banks from taking gold as collateral. But as investors piled into the market in recent years, the market has deepened. The market is more liquid than many government-bond markets in Europe, with daily trading volumes normally exceeding $100 billion, according to the World Gold Council. "When a bank, such as J.P. Morgan, is willing to extend collateral value against an asset such as physical bullion, it shows that they are not worried about the liquidity issue if they might take the collateral over or they have to liquidate the collateral," said Frank McGhee, head precious metals trader at Integrated Brokerage Services, a Chicago broker.

I find this post very difficult to believe.

yep, the IRS is starting it's yearly pump.

Yes it is a few days old

Mr Baun, looks like you have been following Walter B. I gave up years ago, as I could not get any support from my fellow men. It takes so much effort to try to obtain any info from Gov. I ran out of steam.

Quoting Captain Jack "I'm calling BS on this for so many reasons, it's not even worth listing them. People really are idiots .... 1. for originating such garbage and 2. responding like any of this is even true! IF THIS WERE TRUE, THERE WOULD BE NO BOA ANYWHERE SELLING DINAR and we know for a fact that you can buy dinar from BOA!!!! Please, someone wake up the mindless masses!!!!! " A few months ago, before Chase took over Washington Mutual here in Van Nuys CA, I attempted to wire cash to an investment, I was put through a fifth degree grilling from several employees. The investment was lawful, I made a nice return, but the employee were adamant that it was a scam and they were not going to send the wire. I went above the employees heads and the supervisor reluctantly sent the wire. So I know first hand that these things happen

If you don't watch the videos you may as well skip the whole thing.

NotReallyTex did you watch it and read it???

This is the man who has been selling the USA and the rest of the free world fiat money (with all its problems) http://www.zerohedge.com/article/stunner-gold-standard-fully-supported-alan-greenspan

Where is Bob now? I think he had his tongue in his cheek when he wrote that??? What would you call it?

These are a couple of lines from KEEPS message: “We need to make it a point to stop listening to the garbage rumors and BS talk coming from these OTHER gurus...so many of us are giving up......” It is just what I think as I read KEEPS responses, he is just one of the other gurus in his own mind. He has some very good thoughts but needs to learn how the put them across a little nicer at times.

I believe it was Jefferson who said that democracy is the most vile form of government ever created by man