Dune: Iko said yesterday may not be called a structured payout, some sort of annuity?
Sumpie: “structured payout” is a very generic term. Annuities (life or period certain) may be so described as well as certain deferred sales trusts.
Lami: IMHO-I think the idea of doing a structured payout is a perfect one, it will control the liquidity going out to populace,along with controlling inflation, while Projects may be developed.
Blackeyepa: What the confusion is, UST supposedly gave Wells the go-ahead months ago..also if China really controls Wells and China really wants this done then what’s the hold up with the numbers??!
China supposedly controls Wells and HSBC.
Blessed2bablessing: BEP, last night it was said that WF had tried to push it through several times and it was stopped…so they were now going to keep trying every few minutes or so (sorry but I don’t remember the timeframe exactly) until the agency blocking it relented
Blackeyepea: Yes we heard that was the BIS..but then we hear it’s the ImF in which the Us supposedly still controls..soooo
Birdman: bep- bingo us still controls….maybe the us wants the banks to fail, to add more contorls over us, hint, digital currency….how else could the us convince us to use digtal cuurency, look what they did after 911, how many freedoms were taken from us based on our safety
Blackeyepea: Birdman!! Bingo!!
Hopeful: After hearing about China wanting this for so long, its begining to appear as if China can not make it happen. The US has control…..If the US has the control and many in power here do want any changes, how will it ever get to fruition?
Blackeyepea: That’s how they are able to give us the rates..digital money…You may have a few greenbacks but everything else will be digital
Blackeyepea: Oh this is most def real..and the redemption centers are real..we just wait our invite. It should be in the mailbox
Sassy: guess it doesnt matter where the 800s are sitting , their no good to us till they hand them out
Cornerstone: BEP, like you, I don’t understand. If China has control of WF, and China wants it to go, what are they waiting for? Release it!
Blckeyepea: Corner some have been in control of the mechanics. That’s why they (China) sent some over..to see what the last minute glitches were all about.
Hopeful: BEP do have an idea of what/who then is holding it up?
Blackeyepea: Hopeful..it’s not the banks..they are ready!
Lostnq8: since the banks are ready and the rest of the world is ready how can the US continue to hold this puppy up
Sassy: whatever 3 letter agency is holding this up, they cant keep it secret for ever.
************
Justmic: China to buy $90 billion gold vault in London
by Ivana Kottasova @ivanakottasova
China is buying one of London’s biggest gold vaults.
The Chinese state-owned ICBC Standard Bank (IDCBF), the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London.
The deal will boost China’s access to London’s gold market, and expand the country’s role in the gold business.
The vault is in a secret location in London, and can store 2,000 tonnes of gold and other precious metals. At current prices, up to $90 billion worth of gold could be stored inside.
Barclays (BCLYF) has previously announced a move away from the precious metal business. The bank opened the facility in 2012.
The financial details of the sale were not released.
http://money.cnn.com/2016/05/16/news/china-buys-london-gold-vault/index.html
