Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Flamtap

Members
  • Posts

    738
  • Joined

  • Last visited

Everything posted by Flamtap

  1. Next Monday or the Monday after that or possibly the following Monday! It all reminds me of a song I like........Rainy days and Mondays............One line is Rainy days and Mondays, always get me down..... I think they should do it on a Wednesday or Thursday just to keep the so called Gurus from getting credit or calling out First! Go RV
  2. OK People this is in the Dinar Rumors section.........LOL
  3. The MAN..........The LEGEND! Nuff Said!
  4. Sounds alot like Germany to me....at least in the grocery markets. No matter where you shop for groceries, you either bring youo your own bag, place everything in your shopping cart to get to your vehicle. Another option is some places do leave empty boxes for customers to use near the cashier counters. However, most of those boxes are so weak that you'd be better off hand carrying your items.....which is the last option!
  5. First off, thank you Adam for all the hard work that do. My question is simply, how can Iraq take the three zeros off the value of the current 250 and 500 dinar bills they currently have. If they did so would that not totally render those billls totally worthless?
  6. I smell Smoke and you know the old saying........"Where there's SMOKE, There's.............Go RV! (LOL)
  7. The bottom line is that apparently some warehouses and bullion dealers are not a safe place to store your gold and silver, even if you hold a specific warehouse receipt. In an oligarchy, private ownership is merely a concept, subject to interpretation and confiscation. Although the details and the individual perpetrators are yet to be disclosed, what is now painfully clear is that the CFTC and CME regulated futures system is defaulting on its obligations. This did not even happen in the big failures like Lehman and Bear Sterns in which the customer accounts were kept whole and transferred before the liquidation process. Obviously holding unallocated gold and silver in a fractional reserve scheme is subject to much more counterparty risk than many might have previously admitted. If a major bullion bank were to declare bankruptcy or a major exchange a default, how would it affect you? Do you think your property claims would be protected based on what you have seen this year? You always have counter-party risk if you hold gold and silver through another party, even if they are a Primary Dealer of the Federal Reserve. As Ben said, the Fed offers no seal of approval. If a Bankruptcy Trustee can pool your bullion into the rest of the paper assets and then liquidate it at prices that are being front run by the Street, you will have to accept whatever paper settlement that they give you. LINK- http://jessescrossroadscafe.blogspot.de/2011/12/attempt-to-seize-and-liquidate-customer.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29 The customer money and bullion assets are not lost, or rehypothecated or anything else. This is a pseudo-legal fig leaf, a convenient rationalization. The customer assets were stolen, and given to at least one major financial institution by MF Global to satisfy an 11th hour margin call in the week of their bankruptcy, even as MF Global was paying bonuses to its London employees. And in an absolutely classic Wall Street move, they are still charging the customers storage fees on the bullion which they have misappropriated from them. lol. And now that powerful financial institution does not want to give the customer money and metal back. And they are apparently so powerful that the Trustee and the Court are reluctant to try and force its return to the customers, which is customary in this type of preferential distribution of assets prior to a bankruptcy, much less assets that were stolen. And keep in mind that in those last days the firm sent checks instead of wire transfers to customers so they could bounce them, and in a few cases even reversed completed wire transfers! And so in the great Wall Street tradition they are trying to force the customers and the public to take the loss. The regulators and the exchange are aghast, and are trying to imagine how to resolve and spin this to preserve investor confidence and prevent a run on the system. 'Let them eat warehouse receipts.' For many this would have been unthinkable only a few months ago. They had been cautioned and warned repeatedly, but chose to trust the financial system. And now they are suffering loss and anxiety, frozen assets, and the misappropriation of their wealth. How more plainly can it be said? The US financial system as it now stands cannot be trusted to observe even the most basic property rights as it continues to unravel from a long standing culture of fraud. Get your money as far away from Wall Street as is possible. And if you want to own gold and silver, take delivery and store it in a secure private facility outside the fractional reserve system. Barrons The Silver Rush at MF Global By ERIN E. ARVEDLUND December 17, 2011 It's one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It's something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%. That, in essence, is what's happening to investors whose bars of silver and gold were held through accounts with MF Global. The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold "warehouse receipts" to prove it—they'll have to forfeit 28% of the value. That has investors fuming. "Warehouse receipts, like gold bars, are our property, 100%," contends John Roe, a partner in BTR Trading, a Chicago futures-trading firm. He personally lost several hundred thousand dollars in investments via MF Global; his clients lost even more. "We are a unique class, and instead, the trustee is doing a radical redistribution of property," he says. Roe and others point out that, unlike other MF Global customers, who held paper assets, those with warehouse receipts have claims on assets that still exist and can be readily identified. The tussle has been obscured by former CEO Jon Corzine's appearances on Capitol Hill. But it's a burning issue for the Commodity Customer Coalition, a group that says it represents some 8,000 investors—many of them hedge funds—with exposure to MF Global. "I've issued a declaration of war," says James Koutoulas, lead attorney for the group, and CEO of Typhon Capital Management. At stake is an unspecified, but apparently large, volume of gold and silver bars slated for delivery to traders through accounts at MF Global, which filed for bankruptcy on Oct. 31. Adding insult to the injury: Of the 28% haircut, attorney and liquidation trustee James Giddens has frozen all asset classes, meaning that traders have sat helplessly as silver prices have dropped 31% since late August, and gold has fallen 16%. To boot, the traders are still being assessed fees for storage of the commodities...
  8. Honestly you sound just like the people that go to a christian site or room and try to create a disturbance, and for one reason only.....to get your kicks. There is only one thing for you to do.....actually 2 1. Sell your Dinar at whatever rate you can get 2. Delete your account here at this site (seeing as how after you sell your dinar there will be no more reason for you to come here to this or any other site that pertains to the Dinar........ I'm not Hating.....I'm just saying!
  9. One of the best comedy teams Hands Down!
  10. I apologize if this is in the wrong forum but I thought this was an interesting read and could possible pertain to a move towards an RV/RI/Revaluation......Please move or remove if doubled or in the wrong forum.....thanks. TOKYO (AP) — Global financial ministers called Saturday for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence as they ended an annual meeting of the International Monetary Fund. "Global growth has decelerated and substantial uncertainties and downside risks remain," an IMF advisory committee said in a communique. It exhorted advanced economies to carry through with needed structural reforms and "credible fiscal plans." Decisive action is needed to "break negative feedback loops and restore the global economy to a path of strong, sustainable and balanced growth," it said. It also urged emerging economies to adapt their own policies to help counter slowing growth in Europe and the United States. The annual meeting of the IMF and World Bank, convened in Tokyo this year, has highlighted frustrations among many countries over drag on growth from the lingering debt crisis in Europe, plus alarm over a possible blow to the world's largest economy if the U.S. fails to resolve an impasse over its budget deficit. "A durable solution to the Euro area crisis would provide a much-needed boost to global recovery," Yi Gang, deputy governor of China's central bank told fellow financial leaders at the meeting Saturday of the IMF's International Monetary and Financial Committee. Yi said uncertainty over government debts in the U.S. and Japan was slowing recovery and causing "costly spillover effects to the rest of the world." Slower growth elsewhere is sapping the potential in the poorest countries, many of which depend on exports of minerals, oil and other commodities to the industrial countries. "We should all be committed in our resolve to avoid a worst case scenario where strains in the euro area deepen, fiscal cliff and debt ceiling problems in the U.S. are not resolved, and growth in emerging market economies continues to decline," said Pravin J. Gordhan, South Africa's finance minister. Christine Lagarde, the IMF's managing director, summed up the meetings saying they yielded "a very strong commitment to policy implementation." In her "Global Policy Agenda," however, she summed up progress as "mixed." In the 17-nation area of countries that use the euro, measures have fallen short of what is needed to ensure sustainability, it says. It warns that high levels of government debt will constrain options for fighting recession for years to come. "A lot has been done, but — with limited progress in addressing legacy issues such as debt overhangs and weak financial systems and continued uncertainty on key policies — confidence still has yet to be restored," the agenda says. While most of the attention during the meeting was focused on the crises facing the biggest economies, the IMF and World Bank — whose mission is to fight poverty — have also emphasized the need to help protect the poor from the spillover of slowdowns in richer nations. The IMF announced it would devote $1.1 billion in funds from windfall sales of gold to help fortify funds for low-cost loans for low-income countries. Overall, the IMF and its member countries have made progress in shoring up the international financial system, said Tharman Shanmagaratnam, chairman of the IMFC. "All agreed we are in a better position today than we were six months today, a better position with regard to the policy footing for getting growth restarted and for achieving fiscal consolidation in advanced economies," he said. European Central Bank President Mario Draghi said that while the situation in the eurozone remains challenging, positives include the resilience of European banks, the relatively low level of fiscal deficits in member economies and an improvement in governance. "The bottom line is that the situation remains challenging, but there are signs of prudent optimism," he said. Still, many participants expressed alarm over the risk of the U.S, the world's biggest economy, running over a "fiscal cliff" of tax increases and deep spending cuts next year unless the Obama administration and Congress resolve a deadlock over the budget. Such a prospect would deal a heavy blow to the economy, eroding progress made since the 2008 global crisis. Speaking just hours after the government announced the budget deficit for the 2012 fiscal year topped $1 trillion for a fourth straight year despite stronger tax revenues, Treasury Secretary Timothy Geithner told fellow financial leaders that much remains to be done. "It is important that we in the U.S. enact a balanced framework to bring down our fiscal deficit and debt over several years, while continuing to provide support for jobs and growth in the short term," Geithner said. The overwhelming emphasis of the Tokyo gathering has been on coddling fragile growth around the globe. At Saturday's meeting of the IMFC, which advises the IMF and monitors the world financial system, officials from developing and emerging economies urged the U.S. and European nations to prevent malaise in their regions from slowing global growth. "Advanced countries should rethink their macroeconomic strategies and avoid simultaneous fiscal contractions and the consequent overburdening of monetary policies," Guido Mantega, Brazil's finance minister, told the committee. Spending should be focused on areas that can have a maximum impact and on social safety nets to protect the poor, he said. He also echoed other finance ministers in expressing concern over monetary easing in the U.S. and other countries that is meant to encourage more bank lending but that some worry could destabilize markets while failing to stave off recession. The meeting ended without a breakthrough on internal reforms of the IMF, a 188-member agency set up in 1944 to provide emergency loans and other support to countries facing economic difficulties calling for reforms. Lagarde said such reforms, which include adjusting the quotas and relative voting strength of members to reflect changes in world economic heft, are "critical" for ensuring the IMF's legitimacy. Link: http://news.yahoo.com/imf-urges-quick-effective-moves-buoy-growth-054225782--finance.html;_ylt=ArIl4QGqDmC41O1_KCKeRVABxg8F;_ylu=X3oDMTQyN2Y2cGU0BG1pdANUb3BTdG9yeSBXb3JsZFNGIEFzaWFTU0YEcGtnAzI1OWE5ZjAwLTlhYzItM2U0OC1iYTdjLWNlMjRmZGNlNGMyOARwb3MDNwRzZWMDdG9wX3N0b3J5BHZlcgMyYjlmZGFhMS0xNTExLTExZTItOTcyZC0yYmYwNWNiNTYwN2Q-;_ylg=X3oDMTFvODAybTAwBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdAN3b3JsZHxhc2lhBHB0A3NlY3Rpb25z;_ylv=3
  11. " they could import US coins and not need to mint some of there own immediately." Seriously?????? To begin with, do you realize what the cost of shipping that amount of coins would be? To ship them off to another Iraq to use when they are actually trying to reduce use of US currency there would be.......Counter-productive....wouldn't you think? Especially when they are trying to get their currency globally recognized? I'm not bashing (so no NEG from me), but I just don't see it the way you do.
  12. OK will someone please explain to me how in the world Iraq is going to take three zeros off of the 500 dinar bill they are currently using??? Even if possible what then would be the value of the 500 dinar bill?
  13. In essence, it's important to them and what they need to do to go forward, get ahead and possibly RV. From the outside looking in we never know.........Go RV
  14. Great! Thanks for your response. It is appreciated!
  15. I had absolutely no idea that Kroger was selling Dinar! What state is this occuring in please?
  16. Why Women Shouldn't Take Men Shopping After I retired, my wife insisted that I accompany her on her trips to Target. Unfortunately, like most men, I found shopping boring and preferred to get in and get out. Equally unfortunate, my wife is like most women-she loved to browse. Yesterday my dear wife received the following letter from the local Target. Dear Mrs. Samsel, Over the past six months, your husband has caused quite a commotion in our store. We cannot tolerate this behavior and have been forced to ban both of you from the store. Our complaints against your husband, Mr.Samsel, are listed below and are documented by our video surveillance cameras. 1. June 15: Took 24 boxes of condoms and randomly put them in other people's carts when they weren't looking. 2. July 2 : Set all the alarm clocks in housewares to go off at 5-minute intervals. 3. July 7: He made a trail of tomato juice on the floor leading to the women's restroom. 4. July 19: Walked up to an employee and told her in an official voice, 'Code 3 in Housewares. Get on it right away. This caused the employee to leave her assigned station and receive a reprimand from her Supervisor that in turn resulted with a union grievance, causing management to lose time and costing the company money. 5. August 4: Went to the Service Desk and tried to put a bag of M&Ms on layaway. 6. August 14: Moved a 'CAUTION - WET FLOOR' sign to a carpeted area. 7. August 15: Set up a tent in the camping department and told the children shoppers he'd invite them in if they would bring pillows and blankets from the bedding department to which twenty children obliged. 8. August 23: When a clerk asked if they could help him he began crying and screamed, 'Why can't you people just leave me alone?' EMTs were called. 9. September 4: Looked right into the security camera and used it as a mirror while he picked his nose. 10. September 10: While handling guns in the hunting department, he asked the clerk where the antidepressants were. 11. October 3: Darted around the store suspiciously while loudly humming the 'Mission Impossible' theme. 12. October 6: In the auto department, he practiced his 'Madonna look' by using different sizes of funnels. 13. October 18: Hid in a clothing rack and when people browsed through, yelled 'PICK ME! PICK ME!' 14. October 21: When an announcement came over the loud speaker, he assumed a fetal position and screamed 'OH NO! IT'S THOSE VOICES AGAIN!' And last, but not least: 15.. October 23: Went into a fitting room, shut the door, waited awhile, then yelled very loudly, 'Hey! There's no toilet paper in here.' One of the clerks passed out.
  17. Now that was funny......I don't care what anyone else thinks!
  18. This is just my opinion. I believe that the new Dinar is already printed and in place. It would make perfect sense to have done so already in light of what is going to happen internationally. New develpoments are moving at a high rate of speed and it would have served no purpose to get the things done needful for an RV/RI only to sit around for new money to be printed. That I am sure is a massive undertaking which would not take just a matter of days, weeks or even short months. Either way, this ride has been a good one and I am glad (no matter what happens) to have been a part of this historical event! Go RV er............sorry.......no link (LOL)!
  19. Unbelievable and truly Im Possum ble! How many RV parties can one have without having an RV? I still love his post! Great Entertainment! I'm hoping for an invitation to his real RV party!
  20. Actually yes it makes sense.........Against your pillows doesn't mean laying on them but being opposed to them....what is so sketchy about that?
  21. Where exactly does the Bible contradict itself? I'd love to see examples of this. I've heard but haven't read anything that actually and factually stands up as contradiction. Additionally, if one would read Matthew 24 you would know that even by the words in this chapter that it can be proven that God's Word is true. Additionally, if you were to ask me to prove to you that God exist, I would have to ask you....not pointing to the Bible.....Can you prove to me that He doesn't? If so...then do!
  22. I don't know if I will be able to attend the chat session tonight but if you would kindly pass this on to Adam for consideration in his chat tonight. I am interested in Adams' take on the forming of the GOI in relation to the RV/RI. Does he feel that the GOI may aleady be formed behind closed doors and are awaiting a signal or movement from perhaps the U. N., World Bank, another organization or the combination of two or more. It would seem that you couldn't possibly or wouldn't conceiveably want to have something of this magnitude to occur without having a fully formed government in place. From what I see that could or would be a most embarrassing thing in the eyes of many of the worlds governments. Whether we realize it or not the eyes of the whole world are on Iraq. Thanks......
  23. One question for Ali.........pass it on to him please! Is it Rock, Paper, or Scissors?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.