JC Collins, Millionday, etc…
Wed, Nov 12, 2014
Subject: Dinar RV US May Be Left Behind
NOVEMBER 11, 2014 By JC Collins
With the recent announcement of the renminbi BSA’s with Qatar and Canada, and the upcoming G20 Summit in Australia at the end of this week, it is prudent to review some of the available information about alternative measures for IMF reform and a review of the renminbi internationalization process.
The growing number of RMB Bilateral Swap Agreements between the People’s Bank of China and central banks around the world is increasing the internationalization of the yuan.
The fact that central banks like the Bank of England and the Bank of Canada are participating in this internationalization is providing us with some extremely valuable information when held in contrast to the reluctance of the US Congress to pass the 2010 IMF Reforms.
Tuesday Night Dinarland Chatter
11/11/2014 4 Comments
Jambo: My Very Own Personal Bank Story! Super Excited!!! After reading all of the bank stories lately (which I have to say has provided a lot of hopium at times of great need for me and many here I’m sure of that) I decided to go to Wells Fargo yesterday to see if I could personally validate anything that’s been talked about these days.
That being said, here is my story and I have to tell you that I am still in AWE and a bit SHOCKED at what took placed… Here it goes. Sorry, it’s a bit long but wanted to share with each of you exactly what took place.
I always drive-by the same Wells Fargo bank (Orange County area, CA.) whenever I go home for lunch so I decided yesterday 11/10/2014, what the heck, time to go in.
As I walked through the main door, I was greeted by a gentleman in a suit and he kindly asked me, “Sir, how may I help you?” I said, I am here to talk with a Wealth Adviser? He said, “Can I ask what in particular do you want to meet with them about?”
I said, I had a lot of foreign currencies and that I wanted to talk with a Wealth Advisor about exchanging them at Wells Fargo and also wanted to know about what services they can offer me.
He said “just a moment Sir and I will be right back.” He went out of sight for a bit and then came back and said, “Mrs. XXXX will see you in a few minutes. Please have a seat and she will be right with you.” A few minutes went by and the gentleman came back and said “Mrs. XXXX will see you now, please come with me Sir.”
I was taken to her office and Mrs. XXXX asked me “how may I help you?” I told her that I was expecting a large amount of money any day now by way of foreign currencies and that I wanted to talk with a Wealth Advisor about exchanging them, opening up an account and wanted to see what services Well Fargo can offer me.
She said she was the Financial Advisor for this bank and 12 others and that she is also the Wealth/Bank Advisor and that she could help me. She then asked what currencies I held and I said the Dong and others.
She said that she rarely deals with foreign currencies but would call the main Wells Fargo Corporate Currency number (back East) to find out more information for me if I’d like and I said that would be great.
So she dials the number and starts to talk with someone on the other end. She then turns to me while on the phone and asks, “What currencies do you currently have?” I then told her the Dinar and Dong. She then communicates that back to the person on the line and talks for about another couple of minutes or so and then hangs-up.
She then turns to me and says, “he (I guess the person on the other line was a guy) told me that he recently heard that Wells Fargo was selected as the exchange center for the Dinar but since it hasn’t revalued yet they weren’t able to do any exchanges until it does.
(I just about Sh*t my pants at that moment!) I tried to contain my emotions and calmly told her that I was also aware of that information and asked her to call my cell phone once she has more information for me. As I got up to leave her office she smiled at me and said that her Dad also owns Dinar.
I told her to make sure he doesn’t let it out of his site, I smiled and then walked out while trying to contain all of my excitement. Well I have to tell you all that I never excepted anything from going to Wells Fargo (that way I wouldn’t be disappointed) but deep down inside I was sure hoping to get something that I could personally confirm, anything!
Well, to say the least, I am still in AWE and a bit SHOCKED and believe 100% this is for real and that Tony and DC are SPOT ON!!!!
Millionday THEY ARE SAYING THAT THEY WANT TO HOLD THE EXCHANGE RATE AT
A STABLE RATE WHICH HAS SHOWN SUCCESSFUL IN THE PAST FOR STABILITY AND
THEY EXPECT THAT IT WILL SUPPORT THEM WHILE THEY ACTIVATE ALL OF THE
PROJECTS… THEY NEED TO REVALUE THE DINAR AND INCREASE PURCHASING
POWER…GOES WITH THE NEWS THAT THEY ARE MOVING FORWARD WITH ECONOMIC
REFORM. [IS THIS SAYING THEY NEED THIS TO REVALUE BEFORE THEY IMPLEMENT
THE REFORMS SO IT IS READY TO PAY OUT?] IMO — ALL WILL HAPPEN AT THE
SAME TIME BECAUSE MONEY WOULD BE THE MOST IMPORTANT TOOL IN THE
ECONOMIC REFORM. [so essentially THEY ARE READY 100%?] CBI STATED THAT
DC points out that pressures are escalating.
DC In the USA, the UN guys are jumping up and down to get this done.The
administration had everything beautifully lined up…However, everything
got delayed again…but we are now back on track and we are back on the
rollout process again. Since Friday before last, they have been
exchanging people – mainly politicians and bank-invited people. That
slowed back down at the weekend and has now taken off again. Exchanges
are all over the board. In summary, we are waiting on the US, and now
it’s in back in the process and moving on. The rollout procedure is
what they are working on now. They have changed it many times now. [Can
the IMF force it internationally and leave the US out of it?] They can,
but they haven’t so far. I think Iraq will force the IMF to do that. I
strongly believe pressures are escalating at an extremely fast pace now
tlm724 Some very exciting things are happening in Iraq this week but I
want to concentrate on the Investment Law of 2006 for just a few
minutes. This law is on parliaments agenda for Nov 11th for it’s first
reading. Haidar al-Abadi, head of the Economic Committee in the Iraqi
parliament, said that “We hope the new law will boost the Iraqi economy
by reducing unemployment, qualified Iraqis to develop Iraqi
capabilities, and raising the standard of living of Iraqi citizens in
general.” Yes that is the new Prime Minister Abadi! He was head of the
Economic Committee. He was the one who helped write this law. He will
make sure the economic laws we seek will be presented to parliament and
with Jubouri at his side we will see them all come to pass!
Freeway Bill Well, we are certainly excited, frustrated, confused,
dismayed, uplifted, beat down, but the sun still shines… Obama is not
stopping this, Putin is not stopping it, the CBI is ready and so are we
Nova Just My Two Cents on 25,000 to 2500…This Is Where Lots Of Folks
Derail On The Delete/Drop/Remove The Zeros. They’re Not Talking About
The Zeros On The Currency, Its The Rate. The Current Rate Is .00086.
Remove Two Zeros And You Get .086 or $.10. Remove Three And You Get .86
or $1.17 to $1.25 Depending On Where The Dollar Is At That Time. I
Believe If All We See Is The Removal Of Zeros It Will Be All Three.
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