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BrokeNoMore
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Beck didn't drop it, his guest did. I'm embarrassed to say that I don't know who this "Jim xxx" guy is, never heard of him, and he's apparently a very wealthy investor who moved to Singapore to preserve his wealth.

Ahhh, a tax dodger.

Edited by Carrello
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LOL did he really say that about Myanmar kyat? I was born there so I might be in luck since my grandmom and relatives still live there. As a matter of fact my dad is going to visit the country next month, maybe I should tell him to bring the boat load of Myanmar currencies for me :) I know they just started the democracy but this is gonna be a long long wait IMO if its even gonna happen.

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Ah, okay! So, Myanmar Kyat is a high-stakes game that only the currently wealthy can play.

More classic misdirection courtesy of Mr. Glenn Edward Lee Beck. Myanmar is still under the boot of a military regime.

Beck is talking about Myanmar because Hillarious Clinton was there last week on a very successful UN visit and it pumped up a positive view of the country.

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Myanmar makes exchanging money easier

Published on Sep 30, 2011

YANGON (AFP) - Myanmar is to allow six banks to open foreign exchange counters from October, state media reported on Friday, in a step towards reforming its currency regime and stamping out illegal money-changing.

The New Light of Myanmar said the official currency exchange counters on Yangon's Theinbyu Road would make life easier for tourists, help eliminate black market money changing and stabilise the kyat exchange rate.

The booths will exchange US and Singapore dollars as well as euros at rates in line with international currency exchange markets, it said.

They will be the first foreign exchange counters operated by private banks

http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_718355.html

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Why be disappointed ? He basically said what we hoped in a way. He said that buying currency and then cashing it in when that countries economy recovers can make people a fortune. This should at least give us hope that it is possible with our investment. So he didn't mention middle eastern countries but if this guy is as well connected as I have read on here then MAYBE some body stopped him actually naming iraq. Remember the theory that joe public was not meant to be privy to this investment in the first place ? Just a thought

I agree BB, Beck din't need to spell it out for everyone on TV. He [beck] has a huge research department. I would hope that this Dinar investment will be a matter of history before it is discussed on TV. I don't think anyone stopped him from naming Iraq, I just think it was prudent not to. After all, we are so close that giving that much specific attention could be disruptive, and possibly even postpone things for the Iraqi people. JMHO

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Money & currency

Currency information:

Kyat (MMK; symbol K) = 100 pyas. Notes are in denominations of K1,000, 500, 200, 100, 50, 20, 10, 5 and 1. Kyat is pronounced like the English word 'chat'. To combat the black market and limit the financial power of dissident groups, currency denominations are occasionally declared invalid without prior notice. Limited refunds are usually allowed for certain sectors of the population.

Note: The import and export of local currency is prohibited.

Credit cards:

It is unlikely that credit or debit cards will be accepted; it is best to check with your card company prior to travel. There are no ATMs.

ATM:

There are no ATMs.

Travellers cheques:

Not currently accepted, although this may change. Check with your tour agency prior to travel, and bring plenty of US Dollars in cash.

Banking hours:

Mon-Fri 1000-1400.

Currency restriction:

The import and export of local currency is prohibited. There are no import limits on foreign currencies, but any amounts must be declared on arrival and must be converted within one month of arrival and the declaration certificate kept for departure. There are no limits on the export of foreign currency for visits up to six months, up to the amount imported and declared. For visits longer than six months, there are no restrictions up to the equivalent of K50,000.

Currency exchange:

FECs are Myanmar's second legal currency and are issued by the Bank of Myanmar specifically for visiting tourists. They come in denominations equivalent to US$20, 10, 5 and 1. Payment for FECs is only accepted in US Dollars. One US Dollar equals one FEC. FECs can be exchanged into Kyats at officially authorised banks, bureaux de change, hotels and Myanmar Travel and Tour offices and can be spent anywhere in the country. Cash payments can also be made in US Dollars, but only at establishments (eg hotels, railway stations, airlines) that have an official licence allowing them to accept dollars. Wherever possible, it is advisable to change US Dollars into Kyats rather than FECs, as FECs usually have a poorer exchange rate than Kyats. It is also recommended to carry small change as large notes may be difficult to change. Euros are now also accepted in banks, but exchange can be time consuming. Be aware that concerns over counterfeit money mean that some US Dollar bills with serial numbers beginning with AB or BC may not be accepted.

Myanmar duty free

The following goods may be taken into Myanmar by persons over 17 years of age without incurring customs duty:

• 200 cigarettes or 50 cigars or 225g tobacco.

• 1L of alcohol.

• 0.5L of perfume or eau de cologne.

Note: Jewellery, electrical goods and cameras must be declared; failure to do so may result in visitors being refused permission to export it on departure. Video cameras will be held in safe custody at the airport and will be returned on departure.

Banned imports:

Playing cards, gambling equipment, antiques, archaeological items and pornography are prohibited.

Banned exports:

All gems, jewellery and silverware purchased from authorised shops can be taken out of the country.

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I have googled the "kyat" , just as many of you will have done. From the little I have read so far, it is rising against the weakened dollar. Approximately a year ago you would have gotten K1000 to the dollar. Today , this is now approximately K750. Yes, the country is currently under military rule and even they are complaining about the economy.

Apparently, some economists think that the kyat will eventually collapse because the economy will implode. They also stated that this could be considered a "Kyat on a hot tin roof" :unsure: going by what I read in further articles this can only be bought "in country". The stuff which is available on Ebay has either been brought out by tourists or is forgeries. There is apparently a massive money laundering and forgery business in country. Additionally, one article advised that the only way to obtain this currency out with the country is on the black market. However you would then have problems verifying it authenticity. Hope this helps a little. I would have read more but the words were starting to blur and I am reading on my phone. To friggin cold and snowy here for to be anywhere but in bed ! :)

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Right, but if, through the medium of his show, Glenn Beck is going to be pumping Myanmar kyat, with such a huge research department, there is just no way he could have missed the Iraqi dinar. Glenn Beck has his own stash.

'Cept he didn't. His guest brought it up.

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I agree BB, Beck din't need to spell it out for everyone on TV. He [beck] has a huge research department. I would hope that this Dinar investment will be a matter of history before it is discussed on TV. I don't think anyone stopped him from naming Iraq, I just think it was prudent not to. After all, we are so close that giving that much specific attention could be disruptive, and possibly even postpone things for the Iraqi people. JMHO

I think your right. He obviously did his research. Another angle is that he was sending a message to those who have invested in the Dinar. RV is soon and if you can afford more you better do so while supplies last.

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What happen to the guy in Houston who talked to him at the book signing. Was he lying???? :(

While we have no idea what the real facts are, I'd like to think that he (the guy in Houston) was telling the truth, and that Glenn either didn't know he would need to keep his trap shut, and thought it would be a good time to leak a little to help out the little guy, like you and me, and then found out otherwise :)or he really doesn't know anything about it. Which I tend to agree with everyone else, is very unlikely. ;)

I know, Broke. That's why I said "through the medium of his show." ;) I am of the opinion that it was a total deflection of prospective IQD interest.

You could be right about that.

I don't think the interview was very charted. When indicated that his "guest" would be on in a minute at the beginning of the show, and then he wasn't on until into the second hour. That's unusual for Glenn. He doesn't do that bait thing to keep you hanging on for two hours for something he knows he's doing later. When they started, the guest made an excuse for being late because he "stopped to buy some gold, here y' wanna see it?"

The feeling I got from listening to the interview was that Glenn was being very (unusually) thoughtful about the way he was phrasing questions, and that any normal prep wasn't done.

I could be totally wrong. But that's the take I had on it. I think it's seriously weird that he'd talk cryptically on Friday and Monday, and start deflecting today. Maybe. I dunno. :P

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That was an obvious nod to the host, who is always pushing numismatic gold coins via GoldLine. Beck knew what he was doing Friday, and that there would be a groundswell of interest in the topic.

Figuratively speaking, that was due to George Soros standing in the wings, directing Beck on what to say and not say.

It's not so weird if you understand that he and Soros are in cahoots.

I so totally disagree with you and think it is inflammatory and unethical for you to continue to flame these remarks about Beck being a pawn of Soros without anything to support it beyond your opinion, and I resent it.

I had hoped we could continue on and have an adult discussion without it ending here every time you post.

Where is he? i want to hear his side :o

He has a full time day job and a part time night job. :P

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Broke, that is my honest opinion to which I am entitled, and there is nothing juvenile, inflammatory, or unethical about it. It wouldn't be the first time in history that the guy you thought was your friend turned out to be cooperating with the guy you called your enemy. I'm sorry that you are so enamored with Glenn Beck to think that he would never steer you wrong, but he will.

You don't mark it as your opinion. You post as though it's a known documented fact, and it's offensive. My being enamored with Glenn Beck has nothing to do with your inflammatory remarks.

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Is that the protocol here? I think marking everything with IMHO, or worse, JMHO (just my humble opinion), indicates that you have no confidence in your own opinion. Obviously, it is my opinion, but to me it is a known fact. But I could be wrong, certainly. I just don't think I am in this particular case.

Now, I ask you once again, Do you think Glenn Beck's audience will be disappointed with their leader when they learn that Myanmar kyat cannot be acquired? Here he is transmitting misleading information on his program, and he can get away it because the perception is that he has told the truth at one time or another. Beck was grinning the entire time. That's about as cynical as it gets.

I don't think that will be at all disappointing when it was stated clearly in the program, practically in the next breath.

And Glenn is not anybody's leader.

There are statements that are made that are obviously opinion. Then there are inflammatory remarks that are made in such a way that they don't look like opinion, but rather fact. You don't say "I think" or anything else that relates the opinion you have as anything less than fact.

Of all the things I've seen out there by Beck haters, in lamestream TV media, on the internet, and in print, I've never seen anything that reflects agreement with your statements about him, taking it so far as to say he's in cahoots with Soros. Give me a break.

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Is that the protocol here? I think marking everything with IMHO, or worse JMHO, indicates that you have no confidence in your own opinion. Obviously, it is my opinion, but to me it is a known fact. Now, I ask you once again, Do you think Glenn Beck's audience will be disappointed with their leader when they learn that Myanmar kyat cannot be acquired? Here he is transmitting misleading information on his program, and he can get away it because the perception is that he has told the truth at one time or another.

Sans.... I thought the other Sansoucci was the evil twin?!!! :lol: Just kidding! (But really, why two profiles?) Anyway... eclipsing "protocol" here... might I suggest, even though it is inferred as your opinion... that perhaps we temper our thoughts a bit, not sounding so "absolute". I respect that you have clarity and resolve in your beliefs and are quite resolute... and you should be. BUT, as they are yours to share with us... it does not make them necessarily true... or absolute. I suggest to all that we reasonably and respectfully share with as much humility as we can. We all then, learn much more without the distractions of bad communication skills. Those of you who "know" me, know I have addressed this before... and made many friends, even with opposing ideologies, much less just opinions. I hope this will help. :)

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(But really, why two profiles?)

I can think of only two reasons.

Either Sans runs out of negs on one ID so slips into the other,

or

Posts all the risky inflammatory stuff with one and keeps up the good rep with the other in case it gets banned.

But then I really wouldn't know. I only have one ID.

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