Net Global: I think we are out of windows. Time for a door
Iko Ward: GM everyone. It is my opinion that Forex has now joined the misinformation crowd and no longer a reliable indicator. I am concluding this from both public and private intel plus my own analysis of their recent activity. We are now green for go and simply waiting for the final push
The banks will control the initial rates. Do not look to Forex or any other trading platform in the first few days at least. It’s OK. The banks want our business. We can ask to see their screens. This is all a part of the plan so we don’t have market panics, runs on banks, etc. so this is good news for us, not bad.
The PTB has created a real poop storm and now they have to manage it
Late Wednesday Night:.
Elmerf123456: it’s forcing the IMF to do something they know they need to do but afraid on how it will affect the market. Truth is they are looking for a fix with the Fed that doesn’t exist and we have China not wanting to wait.
Puts them in a box and us in a good spot.
So much going on, and a lot of things that put some smiles on the faces of those deeply involved. We on the outside sometimes get scooped up with smoke and mirriors. Simply put…Don’t!
Stay focused and ready.
Dave101: elmer how much longer do you think they can hold out.
Elmerf123456: Dave. I’m not an expert but those I speak with who are close say not much longer. China isn’t patient.
AmazingLaMont: Federal Reserve Notes vs. United States Notes … how to tell the difference
The last time United States Notes were place in circulation was January 21, 1971.
Some people think United States Notes (some call them US treasury notes) will be issued with the RV … personally I doubt it.
According to the US Treasury, here is how to tell the difference between Federal Reserve Notes and United States Notes.
What are United States Notes and how are they different from Federal Reserve notes?
The Treasury Department issued these notes directly into circulation, and they are obligations of the United States Government. The issuance of United States Notes is subject to limitations established by Congress.
It established a statutory limitation of $300 million on the amount of United States Notes authorized to be outstanding and in circulation.
While this was a significant figure in Civil War days, it is now a very small fraction of the total currency in circulation in the United States.
Both United States Notes and Federal Reserve Notes are parts of our national currency and both are legal tender. They circulate as money in the same way. However, the issuing authority for them comes from different statutes. United States Notes were redeemable in gold until 1933, when the United States abandoned the gold standard.
Since then, both currencies have served essentially the same purpose, and have had the same value. Because United States Notes serve no function that is not already adequately served by Federal Reserve Notes, their issuance was discontinued, and none have been placed in to circulation since January 21, 1971.
The Federal Reserve Act of 1913 authorized the production and circulation of Federal Reserve notes. Although the Bureau of Engraving and Printing (BEP) prints these notes, they move into circulation through the Federal Reserve System. They are obligations of both the Federal Reserve System and the United States Government. On Federal Reserve notes, the seals and serial numbers appear in green.
United States notes serve no function that is not already adequately served by Federal Reserve notes. As a result, the Treasury Department stopped issuing United States notes, and none have been placed into circulation since January 21, 1971.