Eagle1 Update From KTFA Forum Tuesday Evening
07/09/2013
Eagle1 » July 9th, 2013, 6:57 pm • Latest Developments
Good 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.
Good 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
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
