Iko Ward: Good Morning everyone, it’s 10:27 EST. I am not getting any specific info, but clearly the RV is moving. (IMO) The periscope report, articles that some markets are already in turmoil, the gold activity Friday, some deep sources reinforcing their viewpoints and intel.
What worries me is it is now 6:30 PM in Bahgdad. The ISX fell last night a full 1%. Granted, we have this entire day to hear something and even late into early morning tomorrow (like 3AM EST) before our markets open. But that’s really playing it down to the wire.
IMO- If they don’t RV before the markets open in NY tomorrow it ain’t gonna be pretty.
It will be good for us, but it won’t be good for the country
So just to recap, WE ARE FINE, but as for your neighbor, it’s a real crap-shoot.
As far as I know the rates are fantastic.
That conclusion is shared by a great many people who follow this thing on an hourly basis, Elmer and Martha among them. Hundred of articles, many, many intel calls, even mainstream economists.
06ddd50: DEFINITION of ‘Hyperinflation’ Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is a situation where the price increases are so out of control that the concept of inflation is meaningless.
Already Blessed: IKO – WHAT WILL HAPPEN?
Iko Ward: AB, I’ll try. Because China is now a reserve currency, the world’s economies have to adjust. This means pulling away from the dollar, which makes the dollar weaker, which means it cost more dollars to buy things, which causes inflation, and many feel we will go into hyper-inflation. The RV floods trillions into the world economy and eases that inflation.
So the sooner we RV, the less likely we will have any damaging inflation. The problem is, there are people on the planet who want to see that weaker dollar. They make money off a weak dollar.
GodBlessTony: Iko…Yuan not in basket for a year. And, even then there’s no evidence Countries will unilaterally sell dollars to exchange for Yuan
Iko Ward: GBT, I think you are dead wrong on that. It’s not that Yuan is in the basket now, but it will be, and people are already going for position. 9 months is nothing on the world stage. Not even going to try and change your mind. (IMO) If no RV tonight, the market will show it tomorrow
RVweTrust2: IKO my understanding is the Yuan is effective Dec 1 mandatory by Oct 2016 which allows for their currency to be used now
Iko Ward: Guys, chat is no place to cram two years of research and discussion into three or four lines of dialog. I respect everyone’s understanding. World class minds still don’t understand this. We are, unfortunately, prey to the actual event…. I think one of the main points here is we, TNT folk, are in a very good position no matter which way the chips fall. We will have the funds to ride this out.
Elmerf12346: Anyone interested search up Bix Weir.
AlreadyBlessed: ELMER AND IKO….YOU SHOULD NOT COME INTO CHAT AND MAKE STATEMENTS AS FACT BASED ON BLOG OPINIONS FROM SITES THAT ARE NOT ALLOWED HERE
Iko Ward: AB..I thought so too at one time. But when guys like Paul Volker and Bloomberg staff and hedge fund managers get on board I have to pay attention.
Apexdinar: Rickards just came out on Russia Today interview and talked about assive deflationary trends, including emerging market currencies…in other words, just be prepared for any contingency
Iko Ward: I’ll just say this one more time. All this puts us in a very good place. Trust that. We are doing just fine, even better than we think. The sky isn’t falling, the world economies are shifting.
OleSailor: Me thinks that the only way anyone can make an informed decision is to listen to all sides of the picture and then draw their own conclusions. Every see the movie Conspiracy Theory with Mel Gibson, ummmmmmmmm some thing are reallllllll
Olesailor: I don’t read as much as elmer or IKO but I do read a lot of financial guru’s work and what IKO and Elmer are talking about is seen and predicted by many financial gurus so me ole pappy used to tell me, he said son, that’s me, where there is smoke there is fire
Holdinon: I think that AB just wants everyone to stay grounded… Some people can handle all the information and make their own decisions what to beleive and not beleive. There are however others that simply take all Intel for fact and truth, and can’t handle it all.
Daz: THE SDR WEIGHTING IS, US=41.8%…RMB=11.8%. YES THERE WILL LIKELY BE A RESTRUCTURING AND YES THERE WILL LIKELY BE SOME INFLATION FOR MORE THAN ONE REASON.
HOWEVER THE USD VALUE HAS BEEN PUMPED TO AN ALL TIME HIGH OF100.3 LAST WEEK FROM .82 EARLIER IN THE YEAR…THIS IS TO PAD THE RMB INCLUSION, INFLATIONARY PRESSURE AND ULTIMATE AND ANTICIPATED DOWNWARD ADJUSTMENT IN THE USD .
HANG IN THERE AND TRUST THERE IS A MASTER PLAN OF PRESERVATION…
THE EXCHANGE RATE IS DERIVED FROM A MATH FUNCTION USING A MULTIPLIER TO BALANCE A COMPARITIVE VALUE BETWEEN ECONOMIES AND TRADE.
IN IRAQ..A DINAR IS A DINAR…EXCHANGED OUTSIDE THE COUNTRY A MULTIPLIER (MAYBE BY A FRACTION) S USED TO ACHIEVE THAT BALANCE
JimBake: good overview of “multiplier” Daz was talking about…https://docs.oracle.com/cd/E59116_01/doc.94/e58754/exch_rate_methods.htm#WEAMC151
Daz: THE VALUE OF A DINAR IS DEPENDENT ON WHERE YOU’RE STANDING WHEN YOU TRY TO USE IT
OleSailor: Daz fully agreed and I believe that our delays have been manueavered by the PTB to build the $ value and to prevent a world meltdown which would occur if the dollar fails, there are some smart people in charge
Cookiecutter: hey guys… this is a global event… there is no way that this much change in the financial system that is effecting the globe could happen without some upheaval.. volativity is to be expected..
TnDr: Do you recall when Switzerland depegged from the Euro? Pretty big ripples there in EU, agreed? But, it settled down in about 5 days…this will be the same but maybe 5 weeks IMO.
Daz: ITS ALL GOOD…HANG IN THERE
Four2atous: China shadow banking= http://thediplomat.com/2015/11/the-rise-and-fall-of-shadow-banking-in-china/
Four2atous: Misc sites about wealth= http://awesometips.pw/articles/top-websites-that-people-who-want-to-get-rich-have-to-bookmark
[xyz] ‘Uneasy’ market calm masks debt time bomb, BIS warns Bank for International Settlements (BIS) warns of emerging market vulnerabilities as investors remain hooked on “every word and deed” of central banks http://www.telegraph.co.uk/finance/economics/12035305/Uneasy-market-calm-masks-debt-timebomb-BIS-warns.html