A Friday Drive By Scooting July 9

[blonde_minx]

From another site

01:25:28 * Scooter -> Sorry -- tech difficulties

01:25:28 * rsskelton -> kmgilbert27 dont be shy!

01:25:44 * Deek -> I look at the CBI spreadsheet

01:25:47 * Deek -> I see foreign deposits

01:25:52 * Scooter -> kmgilbert27 kmgilbert27 kmgilbert27 Welcome to the Dater

01:25:57 * Deek -> but the net foreign cash reserves from the main page of the cbi remains unchanged

01:26:06 * kmgilbert27 -> Thank You Scooter

01:26:11 * Deek -> also, M1 & M2 figures stopped being updated in April 2011, WHY?

01:26:14 * Scooter -> but their assets have gone up

01:26:42 * Scooter -> plus you hadd the 173 Billion in US Treasuries

01:26:42 * Deek -> Assets went up

01:26:45 * Deek -> Non liquid assets?

01:26:46 * saoirse -> Scooter lol lol

01:26:57 * Deek -> Please say non-liquid

01:26:58 * Scooter -> Net Foreign Assets

01:27:11 * Scooter -> ok

01:27:14 * Scooter -> I have a question

01:27:17 * Deek -> Oh, which could mean - foreign currency assets

01:27:19 * Deek -> garggh

01:27:24 * Deek -> I was hoping for non-liquid assets

01:27:34 * Deek -> See, if you had said... Non-liquid

01:27:38 * saoirse -> Deek

01:27:41 * Scooter -> NP -- that spreadsheet is confusing

01:27:48 * Deek -> I would have said "Hmmph!" I forsee a move to Article VIII w/in reason

01:28:07 * Deek -> Why did they stop updatedin M1 & M2 in April 2011?

01:28:09 * saoirse -> Deek lol

01:28:10 * chuckles -> world gold reserves http://xxxxxxxxx

01:28:12 * Deek -> Is this not updated often?

01:28:49 * Deek -> chuckles 62% for MENA

01:29:01 * Deek -> I recall one of the arguments for how the Dong would R/V is due to their massive imports of gold as of recent.

01:29:15 * Confused -> lol

01:29:20 * Scooter -> There's more -- but they'll be consolidated into one or two post

01:29:20 * Deek -> There must be from false issues w/ that speculatoin

01:29:45 * keepmwlknfny -> Scooter Scooter how much in assets can we verify that they have?

01:29:52 * Scooter -> What percentage of Gold carry as it's total reserves???

01:29:52 * Deek -> So, that spread sheet shows that the M2 was dropping

01:29:55 * Scooter -> anyone?

01:29:56 * Deek -> until their last post it went up like 1,000

01:30:01 * Deek -> than we didn't see anything beyond that.

01:30:05 * Deek -> Wonder what they're trying to hide.

01:30:19 * kmgilbert27 -> Iceblue update me later going to bed, night everyone

01:30:25 * Scooter -> What percentage of Gold carry as it's total reserves???

01:30:27 * Scooter -> sorry

01:30:34 * Deek -> 2,821 divided by....

01:30:39 * keepmwlknfny -> Scooter not very much i would think

01:30:40 * rsskelton -> kmgilbert27 goodnight

01:30:43 * azwife -> gn kmgilbert27

01:30:45 * iceblue -> kmgilbert27 You give in too easy!

01:30:46 * saoirse -> 42

01:30:49 * Confused ->

01:30:51 * Deek -> Net foreign assets of

01:30:59 * Scooter -> For the US, What percentage of Gold do we consider as part of our total reserves

01:31:03 * Riley -> kmgilbert27 good night]

01:31:05 * Scooter -> this one is stunning

01:31:07 * Deek -> 64,596

01:31:11 [Disconnect] kmgilbert27

01:31:15 * keepmwlknfny -> Scooter ohhh I have no clue to be honest....

01:31:17 * iceblue -> kmgilbert27 Good night Kim

01:31:30 * RVdinar4MyFamily -> Hello People

01:31:32 * saoirse -> :boys: :boys:

01:31:32 * Deek -> So, 0.0436714

01:31:32 * Scooter -> Somebody has been playing games at the FED

01:31:35 * Deek -> is the percentage I got

01:31:37 * Riley -> 46 percent

01:31:51 * Scooter -> from 2000 to 2011

01:31:52 * 2sisters -> less than 30

01:32:10 * Scooter -> the United States increased that percentage to 75%

01:32:12 * Scooter -> so

01:32:13 * Deek -> I got 0.0436...

01:32:15 * Scooter -> dig this

01:32:33 * Scooter -> the country that is supposed to be moving away from backing their currency with Gold

01:32:51 * Deek -> which would be the U.S. I would suppose, right ? Considering Fort Knox maybe empty

01:32:52 * Scooter -> is carrying 75% of their total reserves in Gold

01:33:02 * Scooter -> lol

01:33:03 * rsskelton -> Holy goldbrick Batman!

01:33:05 * Scooter -> yea

01:33:09 * Scooter -> China

01:33:15 * Scooter -> 1.5%

01:33:15 * Deek -> Oh

01:33:20 * Deek -> OKay

01:33:21 * Scooter -> Germany is the only close one

01:33:25 * Scooter -> at 67%

01:33:32 * Scooter -> everybody else is minimal

01:33:33 * Deek -> Now, As of 2011, US had $150 billion in foreign cash assets

01:33:37 * Scooter -> I mean minimal

01:33:39 * Deek -> From my understanding.

01:33:51 * Deek -> As for China

01:33:51 * Confused ->

01:33:57 * Deek -> their like over 3 trillion

01:34:06 * chuckles -> :close:

01:34:07 * Deek -> 1.5% of 3+ trillion would be pretty phenomenal imo.

01:34:14 * Scooter -> China has 1.8 Trillion in US Holdings -- Treasuries

01:34:17 * Scooter -> japan --

01:34:21 * Scooter -> 1 trillion

01:34:30 * Deek -> Hmm... I think I found a link that stated 3+ trillion as of.. "March 2011"

01:34:35 * Deek -> USD value

01:34:41 * Deek -> which may or may not include bonds

01:34:47 * Scooter -> they have 3 trillion in foreign reserves

01:34:49 * Scooter -> correct

01:34:58 * Scooter -> but 2/3 is in US Treasuries

01:34:59 * Deek -> and 1.8 trillion is USD?

01:35:04 * Deek -> oh okay

01:35:05 * Scooter -> that's what has them freaked out

01:35:11 * Scooter -> when QE2 jumped out

01:35:15 * Scooter -> they got pissed

01:35:20 * Deek -> Maturity of bonds.. Ruh-roh..

01:35:25 * Scooter -> the US just started printing money

01:35:30 * Scooter -> like crazy

01:35:38 * Deek -> i.e., dug their hole deeper

01:35:58 * Confused -> okay, totally feeling lost

01:36:04 * Scooter -> They were buying our debt at 60 Bilion a month

01:36:05 * azwife -> because of the rv ?

01:36:16 * chuckles -> seems liek the US needs Iraq to keep teh petro dollar strong so they can avoid QE3

01:36:17 * Deek -> azwife -- No, they were financing our debt

01:36:25 * Scooter -> Well -- the RV is going to help the US --

01:36:26 * azwife -> o wow

01:36:32 * Scooter -> I love the Presidents words

01:36:41 * Deek -> azwife - in a sense, CHINA owns us... Ecnomically

01:36:45 * Scooter -> "We have a Unique Opportunity"

01:37:07 * txdinargirl -> i heard Obama had said that but I didn't catch when he said it

01:37:08 * Deek -> They're relying on a particular potential big band-aid..

01:37:08 * keepmwlknfny -> Scooter Scooter where did enoch get the 70 trillion from in which half he thought could go into the reserves to back the currency???

01:38:06 * Scooter -> 70 Trillion?

01:38:06 * RVdinar4MyFamily -> Scooter Scooter Hello my friend, long time no see, I think you will like this one tonight, The war will pay for itself...origins http://another site.in...-itselforigins/

01:38:22 * Deek -> Enoch8 stated it within a chat he did.

01:38:32 * Scooter -> I think that was the value of the country

01:38:43 * Deek -> And he only stated a % of that would be used as non-liquid assets to back their currency

01:38:44 * Scooter -> Deek nawwwww

01:38:45 * RVdinar4MyFamily -> Scooter good, thanks, hope all is well with you

01:38:53 * Scooter -> that's what they said in the 80's with japan

01:39:07 * Scooter -> we diddn't owe 80 trillion

01:39:11 * Scooter -> you might be right

01:39:22 * keepmwlknfny -> Scooter Scooter there was a chat where he was sayin they would use half of the 70 trillion to back the dinar and be able to RV....which didnt make any sense to me

01:39:24 * Scooter -> Kung Pao America

01:39:42 * azwife -> lol

01:39:46 * Deek -> Scooter, they are talking about implemeting Chinese Ecnomoic Zones, which may originate initially out of Idaho

01:39:55 * Scooter -> Deek nope

01:39:59 * Scooter -> west virginia

01:40:04 * Deek -> W. Virginia?

01:40:07 * Scooter -> they speak a similar language

01:40:23 * Scooter -> Exactly

01:40:30 * txdinargirl -> me too chuckles - good point!

01:40:31 * Deek -> 50 square miles practically sectioned off for a chinese government

01:40:37 * Deek -> not sure how that would uhm, help us

01:40:57 * Scooter -> I'll ask him what he's talking about bud

01:41:00 * keepmwlknfny -> Scooter Scooter Scooter and I dont see how they can monetize the oil to back the currency either.....if it was able to be done, how come these other countries that have been hurting currency wise (including the US) dont do it??

01:41:00 * Deek -> I can't think of food, that second slab of ribs did me in.

01:41:00 * Scooter -> ok folks

01:41:16 * azwife -> lol chuckles

01:41:32 * Scooter -> keepmwlknfny The one thing I know is this

01:41:35 * chuckles -> oil is already monitized with the petro dollar right?

01:41:38 * Deek -> Scoot, If you ever get a chance, I would love for you to expand on some of the major benefits of Iraq moving into Basil 3.

01:41:43 * Scooter -> when it comes to this RV -- they can do anything they want

01:41:44 * Scooter -> lol

01:41:48 * Scooter -> rules

01:41:49 * chuckles -> black gold texas tea

01:41:51 * Scooter -> there's no rules

01:41:57 * Scooter -> they'll make new ones

01:42:02 * keepmwlknfny -> Scooter Scooter article 40 talks about what can be used as reserves to back the currency and its things like gold, tbills, and some other weird things but no mention of oil...

01:42:18 * keepmwlknfny -> or resources....

01:42:22 * chuckles -> isnt the QE3 based on buying up T-bills

01:42:26 * Deek -> hmm.

01:42:31 * Scooter -> Ahhhhh -- but have you seen the new rules from the G20 Currency Truce

01:42:34 * Deek -> Natural resources help back currencies, I would have though.

01:42:37 * Scooter -> capitol flows

01:42:40 * Scooter -> and valuations

01:42:52 * Deek -> Iranium, precious metals, etc. Oil would be included

01:42:55 * Scooter -> they really havent' been published all the way from the IMF

01:43:02 * Scooter -> not consolidated

01:43:06 * Scooter -> oh

01:43:13 * Scooter -> you were talking about Iraq's law

01:43:16 * Scooter -> sorry keep

01:43:16 * Deek -> though-thought..

01:43:27 * keepmwlknfny -> Scooter lol yep

01:43:31 * Scooter -> deek --- that's what Enoch was saying

01:43:38 * Scooter -> caught me off guard on that one

01:43:45 * Scooter -> but after debating him for the last year

01:43:50 * Scooter -> the man knows his stuff

01:44:17 * Deek -> Yes, because, look at Afghan, lithium.... lots n lots of lithium... A natural resourse that'll help boom their economy _(Somewhat & over time)__

01:44:25 * Scooter -> but I'll be posting some stuff early morning

01:45:14 * Scooter -> cya

[acceb75]

UMMMMMMM can someone translate this for my apparently dunce of a brain to wrap around it?

[littlesam]

this confused me when reading this.. sorry can someone explain...thanks..

[tamiflyer]

Thank you. Great info. GLTA and Go RV.

[turbulent44]

Iranium. What is iranium?

[goldengoose]

Iranium. What is iranium?

'turbulent44',

Good evening!

This is purely a guess on my part, but I am sure they meant Lithium. Massive amounts of Lithium have been discovered in Lybia and as you know this is an element utilized in batteries.

Thank you,

GG

[WowLewi]

'turbulent44',

Good evening!

This is purely a guess on my part, but I am sure they meant Lithium. Massive amounts of Lithium have been discovered in Lybia and as you know this is an element utilized in batteries.

Thank you,

GG

Lithium is also a drug used to calm people in mental institutions... Hope they didn't find that... Maybe it's Uranium

[nointel]

Iranium. What is iranium?

that's what they call the people from iran

[Spoolin]

They could have also meant iridium. I believe a bunch of iridium was found around Iran a while back, but could be wrong.

[HawaiianGal]

It's Lithium, and its in Afghanistan. There are other rare earths there too.

My link

[DAME1]

Lithium is also a drug used to calm people in mental institutions... Hope they didn't find that... Maybe it's Uranium

Lithium is also a drug used for a chemical imbalance of the brain for people who are NOT in mental institutions .

Dame