ronscarpa Posted July 10, 2013 Report Share Posted July 10, 2013 Eagle1 Update From KTFA Forum Tuesday Evening - 07/09/2013Eagle1 » July 9th, 2013, 6:57 pm • Latest DevelopmentsGood Afternoon, Family!Frank and I will be discussing some of these things tonight on the CC, but here are a few tidbits for you.IMF is telling us (and so are people at Chase and WF) that 198 currencies should (and I emphasize, "SHOULD!") go live tonight on FOREX.FOX Business News reported this morning that the FDIC voted this morning to implement Basel III tomorrow, July 10. The news is also reporting that banks that are not compliant may use IQD or other currencies to beef up their asset or capital base in order to become compliant.In Bloomberg News, the European Central Bank (ECB) also voted today to begin requiring all European banks to begin compliance procedures tomorrow, and that they must be Basel III compliant by August 1.If they are not compliant by that date, they are required to do a Cyprus-style haircut on their bank bondholders (as opposed to bank depositors like Cyprus did) in order to reach required liquidity levels.The U.S. Dollar is part of the 198 currencies expected to go "live" tonight, and is expected to lose up to 50% of its value against many world currencies.I've already suggested to many folks who have the ability to do so to either move their funds into Canadian banks or convert any excess cash into Canadian dollars, since the CAD will increase in value by 10 - 20%.Many of the big banks are in the process (and have been) of beefing up their security in preparation for customers coming in for the exchange. Even for us here in the Yakima Valley, although we don't have a large population base comparatively speaking, there are many hundreds of Dinar holders who need a place of exchange, and Wells Fargo has already prepared a separate location in order to accomplish the security issues.Once again, it is appropriate to warn everyone that just because we're going to see these massive move all at once with the USD devaluing in the midst of it, this is NOT the end of the unfolding events. We still have the roll-out of the new Treasury-backed USD on or about October 8th, and the news of that event continues to spell out the fact that bank depositors will take a serious hit on the Fed funds they have on deposit.This piece of news is not totally confirmed, so take this for the moment as a rumor. Those people who exchange their IQD WILL BE PAID in the new U.S. Treasury-backed dollars. So long as they deposit the proceeds into a non-interest-bearing checking account that has NO Fed funds in it before hand, the monies in that account will be treated as untouchable when the October 8th event takes place. Bear in mind that if you utilize the funds in that account, you may NOT deposit any funds into that account that are not UST backed or the entire balance will be treated as the old Federal Reserve monies.Confirmation one way or another of the above should follow before too long, and I will pass it along.Blessings on you.Eagle1 3 1 Link to comment Share on other sites More sharing options...
George Hayduke Posted July 10, 2013 Report Share Posted July 10, 2013 Ok... I'll be waiting for the confirmation Link to comment Share on other sites More sharing options...
docneedles Posted July 10, 2013 Report Share Posted July 10, 2013 oh Eagle, can you be right just 1 time, please? Link to comment Share on other sites More sharing options...
jon29 Posted July 10, 2013 Report Share Posted July 10, 2013 Totally idiotic, I don't see why people waste their time with this stuff. The U.S. dollar losing 50% of it's value overnight? It would be global chaos. 5 Link to comment Share on other sites More sharing options...
MITCH10 Posted July 10, 2013 Report Share Posted July 10, 2013 Let me be the first to call it...... B.S.!! 4 Link to comment Share on other sites More sharing options...
Alex38 Posted July 10, 2013 Report Share Posted July 10, 2013 who makes up this cr#p?!?!??!?!!!!!!!! 2 1 Link to comment Share on other sites More sharing options...
stealthwarrior Posted July 10, 2013 Report Share Posted July 10, 2013 We all gonna die. 3 Link to comment Share on other sites More sharing options...
BJinMontreal Posted July 10, 2013 Report Share Posted July 10, 2013 Yeah - My money is gonna be worth more tomorrow !!! As IF !!! Basel compliance won't even be enforced until 2015 ... when banks have to have at least 60% liquidity coverage http://www.bis.org/bcbs/basel3/basel3_phase_in_arrangements.pdf I didn't see the IQD mentioned anywhere ... I guess that must be because it isn't an internationally recognized currency yet!!! Link to comment Share on other sites More sharing options...
goldorsilver Posted July 10, 2013 Report Share Posted July 10, 2013 Thx Ron for the post......but why post it ? Link to comment Share on other sites More sharing options...
BJinMontreal Posted July 10, 2013 Report Share Posted July 10, 2013 If the new US Treasury backed dollars aren't coming out til October 8th (an exceptional day, I might add) - how the heck is anyone gonna cash in their IQD for US Treasury-backed USD tomorrow? DUH !!!?!? 1 Link to comment Share on other sites More sharing options...
fishing Posted July 10, 2013 Report Share Posted July 10, 2013 "BS" 1 Link to comment Share on other sites More sharing options...
sxsess Posted July 10, 2013 Report Share Posted July 10, 2013 These guru's have mental problems. 1 Link to comment Share on other sites More sharing options...
idplzr Posted July 10, 2013 Report Share Posted July 10, 2013 who makes up this cr#p?!?!??!?!!!!!!!! I think with as much made up cr@p he spews, eagle1 and okie are really Jay Carny. 4 Link to comment Share on other sites More sharing options...
sandfly Posted July 10, 2013 Report Share Posted July 10, 2013 MAN Link to comment Share on other sites More sharing options...
Alex38 Posted July 10, 2013 Report Share Posted July 10, 2013 I think with as much made up cr@p he spews, eagle1 and okie are really Jay Carny. hahahahaaha Link to comment Share on other sites More sharing options...
waterman13 Posted July 10, 2013 Report Share Posted July 10, 2013 We all gonna die. NOT ME! I have eternal life. WM13 Link to comment Share on other sites More sharing options...
mr john Posted July 10, 2013 Report Share Posted July 10, 2013 The CAD is the place to invest, my USD is worth 50 cents and they are gonna take my SS bennies. Thank God ammo is still cheap cause if any of this is true the war is gonna be a long one. 2 Link to comment Share on other sites More sharing options...
tankdude Posted July 10, 2013 Report Share Posted July 10, 2013 Yeah - My money is gonna be worth more tomorrow !!!As IF !!!Basel compliance won't even be enforced until 2015 ... when banks have to have at least 60% liquidity coveragehttp://www.bis.org/bcbs/basel3/basel3_phase_in_arrangements.pdfI didn't see the IQD mentioned anywhere ... I guess that must be because it isn't an internationally recognized currency yet!!! Hmmm -I'd say something about it really being pennies on the dollar - but since you don't have those anymore .... Link to comment Share on other sites More sharing options...
a-j516 Posted July 10, 2013 Report Share Posted July 10, 2013 some more bs........ Link to comment Share on other sites More sharing options...
Heli Pilot Posted July 10, 2013 Report Share Posted July 10, 2013 Another source showing Frank's intel is wrong. http://www.federalreserve.gov/newsevents/press/bcreg/20130702a.htm At least the final rules does go into effect today (7/9/13). Link to comment Share on other sites More sharing options...
calkid11 Posted July 10, 2013 Report Share Posted July 10, 2013 Fun to read, just for amusement. He might get one right someday...GORV Link to comment Share on other sites More sharing options...
odie Posted July 10, 2013 Report Share Posted July 10, 2013 I Love this!! LOL. 1) First its all true, reported on Fox news. 2) Then on down in paragraph. "Uh, non of this has been substantiated! So don't take as fact. haha, its like hearing a speech from the administration. Link to comment Share on other sites More sharing options...
millionaire in training Posted July 10, 2013 Report Share Posted July 10, 2013 who makes up this cr#p?!?!??!?!!!!!!!! What kind of person get off on doing this sort of thing? These guru's have mental problems. I agree totally mental. Link to comment Share on other sites More sharing options...
MillieChatham Posted July 10, 2013 Report Share Posted July 10, 2013 We are all going to die to this reality. Eternal life is on the other side. No need to RV there! Link to comment Share on other sites More sharing options...
jl2nyc Posted July 10, 2013 Report Share Posted July 10, 2013 Wrong again, on all parts! Ramadan starts tonight... see you all in August! Link to comment Share on other sites More sharing options...
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