Fri, Mar 9, 2012
Subject: Maliki Kuwait 3/11 Conference – Leaving with Dinar RV in Hand
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Poppy3 Snipit…..Friday Late Afternoon 3-9-2012
5:04 PM [poppy3] Hey rich friends, things seem to be shaping up tremendously. Getting several confirmation calls and text along with confirming email sources . Just talked briefly with SS again and he stated yes, they have been notified the National Conference has been tentatively set for March 11 and baring any disruption this coming Sunday, the start of the conference should occur.
[Poppy3] Next…..also got several peeps saying they truly think that Maliki WILL travel to Kuwait and that he will have a RV IN HAND WHEN he departs for Kuwait and I have received this word from 3 sources now.
[Poppy3] So, if they start the National Conference on Sunday, they will have time to finish it and activate the 2012 Budget, Erbil and HCL…..BEFORE MALIKI LEAVES FOR KUWAIT. GLORY…..GLORY THIS IS SHAPING UP VERY WELL.
[Poppy3] GUYS, I AM NOW BACK TO A HOUR BY HOUR WATCH BEGINNING ON SUNDAY MORNING.
Greece Default Is Official; Insurance Payouts Triggered
CNBC.com | March 09, 2012 | 03:18 PM EST
A group representing dealers in credit default swaps decided Friday that Greek's bond swap constitutes a "credit event" that entitles holders of Greek credit default swaps to compensation.
The "yes" vote by the International Swaps and Derivatives Association triggers roughly $3.2 billion in CDS, which are insurance policies that pay out if a bond issuer defaults. That amount is actually much smaller than many had feared.
The decision was widely expected, and stocks were slightly down after the announcement.
Greece pushed through a bond swap deal on Friday, forcing bond holders to take a significant "haircut" on the return of their money. The swap was approved by about 84 percent of the holders, and Greece is moving to activate a rule forcing the rest of the bondholders to go along with the deal.
The triggering of that rule, known as the Collective Action Clause, is what prompted the ISDA to decide that Greece has created a "credit event."
“There’s three types of credit events as defined by ISDA,” said Gavan Nolan, Credit Analyst at Markit. “There’s a bankruptcy, a failure to pay and a restructuring.”
“What we’re talking about here with Greece is a restructuring," he told CNBC. "A request is made to the ISDA Determinations Committee—which is the arbiter of whether a credit event has occurred—and they have to agree whether or not it is a credit event.”
Out of the 15 members of the ISDA committee, 80 percent had to agree.
The net volume of CDS on Greece now stands at $3.2 billion, according to the Depository Trust & Clearing Corporation, which holds data on credit default swap contracts.
“It’s peanuts really compared to the government bond market," said Nolan. "So I think it’s sometimes overplayed as to how important it is.”
[8:52:36 PM] (soccermama): Federal reserve was established in 1913 and given a 99 year contract. That contract expires in 2012. Rumors are they will not be getting another contract which is why they would be gone. Information is that the Federal Reserve went bankrupt and the US Treasury already printed the new money that is backed by precious minerals and gold.
This leaves us with two major concerns to be watching closely. One is they may do another gold confiscation again, and the other is if you cash out your dinar and have everything deposited in banks it could be devalued by 10-80% when replaced with the new currency. So I would buy everything you need immediately and pay cash for everything so you have no debt owed. Then find something safe to put all your wealth into instead of having it all sitting in a bank account. And I don't mean keep a bunch of cash on hand because the cash today will be devalued against the new currency where you will have to redeem the current currency for the new currency once it comes out. So you need to find something to invest it in that would retain its value against a currency devaluation.
Whether this would affect the dinar after it RV's or not I wouldn't know. One would think their currency would remain the same and actually increase in value against any new currency we get, but that also depends on whether they will just come out with a new currency for the US, Mexico and Canada, or if it will be a new world currency.
There is no telling exactly what they will do, but one thing is almost certain and that is the dollar is going to change. It is only a matter when and most likely in the very near future here. So I personally don't trust leaving anything in banks, including any valuables in safety deposit boxes, and I don't trust buying gold. Silver would be better in my opinion, but it appears the silver supply is low and takes months to get orders filled now.
Buying lots of seed would probably be good because food prices will skyrocket and seed for planting food would seem to be a safe bet. Of course if they devalue the dollar by 10-90% and replace it with a new currency this could cause prices to come way down. Real estate will likely crash in value and would not be a good investment right now, other than paying off your personal home or paying cash for a new home if that is part of your plan once this RV's.
For now I plan to pay cash for a new home somewhere, buy up lots of supplies, and only cash in enough dinar to pay for that and hold the rest in dinar as long as there is no time limit to cash it out. And if we have to cash out sooner then I plan to cash out the higher denoms and just buy back the new lower denoms to replace it with. Then I don't have to worry about cashing out the higher denoms. I also plan to buy up silver if I can get it.
The only other way I see anything changing for the better is if they get rid of the private banking cartels all together and go back to a government non-interest currency and where they do a complete jubilee forgiving all debts. (From B there is information now out there that there are many arrests happening and today I sent the number of CEO's that have resigned in the Banking cartel owned banks) ( We are in the time of change and for the better) Without that happening the system is going to completely collapse and this is what the elite are wanting to happen so they can usher in their new world order (which is not going to happen but be prepared dfor some change for 6-12 months they are saying )
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Please, read and print a copy of the "bank policies required" and have a copy for every bank that you will be handling your "asset" backed currency — as I have stated for 40 years: "We have to choices, become educated on what is "money" or go "broke" — the choice is yours!"
More to the TAG accounts than meets the eye. TAG: “Transaction Account Guarantee"
OK for circulation. (from Dr. Ed in Texas) posted at PTR
A link to the Dodd-Frank bank instructions is further down in this note.
Sample US Treasury bills are also at the bottom.
There’s more to the TAG accounts than meets the eye. TAG: “Transaction Account Guarantee”
Superficial chatter says that you should just ask for your Dinar deposits to be placed in a no-interest bearing account. Then your funds will be insured with no upper limit. The FDIC will not be the insurer but because of the Dodd-Frank bill you will be insured fully through the end of this year – or maybe for the 12 months following the Re-valuation date.
But, Heads up:
Unless the bank has actually set up and is compliant with the TAG account instructions, you may be harmed in several ways.
None of my local banks had heard of the rules for becoming compliant with the Dodd-Frank instructions. I printed out copies of the instructions (13 pages) and handed it to the bank VPs which they cheerfully received, promising that their lawyers would read it and get ready to support TAG accounts.
There is a basis for this strange TAG requirement (or suggestion). It may help if you understand the basis for the Dodd-Frank Bill and the TAG account option.
Your Dinar payouts were and are supposed to be in gold or metals-backed currency. That’s especially true for Dinar holders because the Dinar you hold is backed by gold, oil, and minerals.
It’s fool-hardy to convert the world’s most valuable and stable currency into US dollars that sink in value almost every day. Dollars are announced to be DEVALUED another 40% within 30 to 60 days after the RV.
I mentioned Dinar as being stable. Yes. Monthly violence in all of Iraq is far less that that of single US cities like Washington DC or Los Angeles. TV news channels amplify and selectively choose what we are allowed to see or believe.
So where is the US currency that is metals based? New US Treasury bills are expected to be released to the public perhaps 30 or 60 days after the RV. At that time we will have options for converting our old greenback bills into the new Treasury bills. On the samples (far below) note that the Federal Reserve is not mentioned. The new bills will be issued from the US Treasury (we expect). The 99 year agreement between the US Treasury and the Federal Reserve ran out sometime in January 2012 (it is claimed).
IF YOU DEPOSIT YOUR CONVERTED FUNDS INTO A VALID TAG ACCOUNT:
– Your funds will be assumed to be of US Treasury Bill value later, when and if the new Treasury bills are issued. (metals backed just like the Dinar – good)
– You will have full and immediate access to your funds to buy big items or properties – no rationing, no delays on withdrawals. (good)
– You funds will be insured with no upper limit for the next 9 or 12 months in the event of bank failures, closures, holidays.
– You must not gain any interest on the account (Mandatory Requirement) because banks can only pay interest using current debt-based fiat unstable old US currency.
– You cannot take funds from any other source and deposit them into your TAG account. (Maybe DONG payouts are ok – not sure.)
So if you thought you could just deposit Dinar payouts into any old checking account that bears no interest, then you haven’t looked through the compliance standards that the bank has to fulfill in getting ready to give you a TAG account. See the link further below.
The legal rules a bank must follow are quite dense and heavy. Details galore. The bank must even have a small sign of a certain size on the wall in the lobby stating with certain words that they provide TAG account services.
Most of you probably envision cashing in at a bank, then wiring some funds from there to other local banks or credit unions. These secondary receiving banks will have to have legitimate TAG accounts if you want the TAG benefits. Upon receiving the incoming bank wire, the bank will have to ask about your source of funds. Your receipt from your original dinar conversion event will be needed in this situation.
So what happens if you just ignore the TAG option. Maybe you were only going to cash in one 25,000 Dinar note. At the rumored rate of $12.36 that single note will produce a deposit of $309,000 – which is just a little over the $250,000 normal FDIC insurance.
Is that anything to worry about? (What? Me worry?)
Later when we all line up at banks to trade in our crumpled greenbacks to get our fresh Metals-based US Treasury notes, we have hints, rumors, and whispers that there will be a 40% to 60% loss of greenback value for everyone around the world that holds greenbacks. US dollars will be devalued – announced and not a theory.
When the new Treasury bills are issued,
You will possibly trade in $100 old bills and receive back $60 in new Treasury bills. (40% devaluation of US dollars) Or,
You will possibly trade in $100 old bills and receive back $40 in new Treasury bills. (60% devaluation of US dollars).
IF your Dinar deposits are NOT PLACED IN A TAG ACCOUNT, your old $1 million greenback dollars will be converted (in the bank) to $600,000 Treasury Bills (for example) at the 40% devaluation rate – when the new bills are released.
IS THIS SCARY EXAMPLE CLEAR? You cashed in top-value DINAR which was already gold-based, and through negligence (in this example) you lost 40% of your value because you didn’t mandate that your bank set up a TAG account to receive it.
We have been kept in the dark about many things, but Congress saw this situation about to arise. For once, in your favor, the Dodd-Frank bill designed a method by which your Dinar (and possibly Dong) deposits would be treated AS ACTUAL METALS-BASED CURRENCY even though the new Treasury bills won’t be issued until a few months after the RV event. These TAG accounts (if you see the sense of using them) give the US Treasury up to a year to get their Treasury bills distributed.
The trauma of the US and world-wide populations having their old green dollars DEVALUED can be dealt with best a few months AFTER the frantic Dinar conversions.
To appreciate the complexity of the RV happening in 195 nations, consider that the dollar devaluation will affect all those nations WHOSE CURRENCIES ARE ALSO BEING reassigned based on the productivity of each nation.
Summary: To avoid unnecessary diminishment of 40% or more of your funds when the world soon converts to the new US Treasury bills, consider printing out a few copies of the Dodd-Frank instructions and hand carrying a copy to your local bankers who may be unaware.
I found it useful to talk with bank administrators, stating that you are a Dinar holder, and that even though the local bank is not expected to convert your dinar, you intend to wire sizeable funds into your local account AND THAT IT NEEDS TO COME IN TO A Transaction Account Guarantee (TAG) ACCOUNT which must conform with the printed instructions at this government link.
Here’s the official government link for the Dodd-Frank PDF document that defines the bank policies required:
http://www.fdic.gov/deposit/deposits/unlimited/faq.pdf Consider printing a copy for the banker(s).
FYI: Dr. Ed in Texas
Tags: 3sintel, Asset Backed Currency, BluWolf, Bulldog75, Dinar ReValuation, Dinar RV, DinarDaddy.com, Dodd-Frank Instructions, Economic Collapse, Financial Collapse, Freeway Bill, Greece Default is Official, IQD RV, OkieOilman, Poppy3 Snipet, RV Dinar, Studley and Freeway Bill, TAG Accounts, Transaction Account Guartantee, US Treasury Bills