Jester with a BIG PICTURE REPORT

Jester's Place:

[Jester] HI AND HAPPY TACO TUESDAY MODS, PEEPS, LURKERS, AND CRITTERS...

[jcdubya] Jester I saw recaps reposted a 2 pager from last year by you.

[Jester] jcdubya YEAH I SAW THAT TOO... IN RE-READING IT I REALIZED IT IS NOW OUT OF DATE AGAIN... SO... I GUESS I WILL DO THAT IN THE NEXT COUPLE DAYS...

[jcdubya] Jester I figured as much.

[Jester] GOT TO UPDATE THE NEW IMF AND AIIB INVOLVEMENT WITH CHINA AND RUSSIA AND 55 OTHER COUNTRIES IN THE AIIB AND THE LACK OF RESPONSE FROM THE US TO THE IMF AND THE WORLD IN GENERAL....
....

[Jester] WE ARE IN A HELL OF A MESS HERE...THE US IS NOT GOING TO GET OUT OF THIS ONE DOES NOT LOOK LIKE... AT LEAST I DON'T SEE IT COMING...

[Jester] IF YOU ALL DID NOT SEE THAT MAYBE YOU SHOULD READ IT... SO YOU KNOW WHAT IS DIFFERENT AS I TRY TO UPDATE IT IN THE NEXT COUPLE DAYS....

http://www.dinarrecaps.com/our-blog/repost-from-jester-a-history-lesson-to-understand-money-and-our-investment-part-1-of-2

[jcdubya] Jester it seems they care less the US that is, daily. The emergency meeting we didnt attend seems like we may be further off the page than we should be.

[Jmk47] Jester,,,,,,,will Greeks make a deal or brexit

[Jester] Jmk47 INTERESTINGLY ENOUGH I NOTICED SOMETHING REAL INTERESTING ABOUT THAT... IT IS ONLY A MATTER OF TIME IN MY OPINION... NOW THAT THE PLANS FOR BREXIT ARE OUT...

[Jester] LET ME EXPLAIN THAT....

[Jester] Bank of England's 'Brexit' Email Gaffe...A Storm In A Tea Cup?

[Jester] Shock horror. News that Bank of England (BoE) officials are secretly researching the economic implications and financial fallout for Britain should the country vote to exit the European Union (EU) – aka ‘Brexit’ – in a forthcoming referendum shouldn’t come as any real surprise. The Bank, which is the UK’s main financial regulator, wouldn’t exactly be doing its job if wasn’t monitoring such matters.

[Jester] The ‘accidental’ email leak from the UK’s central bank to The Guardian about the secret research exercise – dubbed ‘Project Bookend’ – was splashed across the British newspaper’s front page this Saturday (23 May 2015). Whilst clearly a tad embarrassing for the Bank’s Governor Mark Carney nothing of any economic substance was disclosed.

[Jester] FUNNY I DID NOT SEE MUCH ABOUT IT OVER HERE... GO FIGURE...

[Jester] The email should only have been sent to a select few bank officials and outlined the project. It was from the private secretary to Sir Jon Cunliffe, deputy director for financial stability at the Bank, and came just a day after Open Europe, an independent policy think tank, held a briefing setting out the economic options for a Brexit at No.1 Birdcage Walk – a stone’s throw from Britain’s Houses of Parliament.

[Jester] It is anyone’s guess if BoE officials attended this packed event, the location for which had to be changed to a much bigger venue due to unprecedented demand. But even if they hadn’t no doubt they would have been aware of the proceedings at the home of the Institution of Mechanical Engineers. They could also have picked up a few pointers on assessing the economic impact.

[Jester] Raoul Ruparel, a co-director of Open Europe, and Dan Ciuriak, Director of Ciuriak Consulting Inc. and Research fellow at the C.D. Howe Institute, were on hand to run through the key findings contained in a hefty 112-page Open Europe report titled ‘What if…? The Consequences, Challenges & Opportunities Facing Britain Outside The EU’.

[Jester] Now it’s clear that quantifying the economic impact of a Brexit is no stroll in the park and the range of Open Europe’s numbers of the impact to the UK’s GDP by 2030 reflect this. These ranged from the outliers of -2.2% (the Brexit ‘worst case’ scenario with a fall back to World Trade Organization (WTO) rules) to +1.55% (the ‘best case’ scenario that includes a UK-EU trade deal and very ambitious deregulation).

[Jester] The ‘politically realistic range’ cited by the report by that future date was estimated at between -0.8% and +0.60% of GDP. The former scenario is where the UK strikes a comprehensive trade deal with EU, while the latter would involve a UK-EU trade deal opening up to global trade and deregulation.

[Jester] OOPS.... SOMEONE MESSED UP... HAHAHAHAHA

[Jester] ACTUALLY THIS DID MAKE IT OVER HERE... THE FORBES LINK.... http://www.forbes.com/sites/rogeraitken/2015/05/25/bank-of-englands-brexit-email-gaffe-a-storm-in-a-tea-cup/

[Jester] TOOK A COUPLE DAYS... BUT IT IS WHAT IT IS...

[Jester] VERY INTERESTING DEVELOPMENTS... MAYBE THE AIIB FOLKS KNOW THEY DO NOT NEED THE EURO ANYMORE... WHICH CERTAINLY SIGNALS A CHANGE TO COME...

[Jester] DOES THAT ANSWER YOUR QUESTION? LOL

[Jmk47] Jester would the oil credits help them out

[Jmk47] Yes

[Jester] OH ME... I AM LOOKING FORWARD TO PUTTING OUT THE UPDATE... THANKS TO RECAPS FOR GIVING ME THE OPENING...

[hoot2602] Jester Most interesting and I thank you for your hard work on this.

[Jmk47] Jester ,, ,,by all means use us to nite to recap the update

[Jester] NEARLY EVERYTHING WE THOUGHT WE KNEW ABOUT THE PLANS FOR THE RESET AND HOW THE DINAR WOULD BE USED HAS CHANGED SINCE THE US HAS DONE SUCH A HORRIBLE JOB OF TAKING CARE OF BUSINESS...

[Jester] SINCE THEY FUBAR'D THE 2013 GOLD RE-INSTALLATION PACT THE WORLD HAS GONE FULL SPEED AHEAD WITH WORKING AROUND THE SITUATION...

[Maleficent] Jester Oh God... please don't tell me I'm gonna have to apologize to OWoN!

[Jester] Maleficent I HAVE NO IDEA WHAT THAT MEANS..... BUT I DON'T THINK THEY KNOW WHAT IS GOING ON EITHER...

[hoot2602] Jester Who/whom do we hold responsible for screwing this up?

[Jester] AND NOW THE US REALIZES THEY WILL GET IT DONE... AND NOW THEY ARE NOT ABLE TO PARTICIPATE... THEY ARE BROKE... AND THE REST OF THE WORLD DOES NOT TRUST THEM... WHO IN THEIR RIGHT MIND WOULD LOAN US MONEY TO PARTICIPATE? THEY HAVEN'T HELD UP THEIR END OF ANY BARGAIN FOR A WHILE...

[Jester] hoot2602 WRITE THE GOVERNMENT... THEY ARE THE ONES THAT MESSED IT UP IN 2013 AND PUT US IN THIS POSITION...

[jcdubya] Jester I think the rest of the planet may be okay with the US imploding. Then they get to come in and pick up our pieces.

[Hoosier Girl] The Government of Greed...

[ModelWoman] You have that right Hoosier Girl !

[hoot2602] Jester I don't think O knows/understands enough about this to be responsible. But, someone in the cabinet certainly could understand enough and be on the dole to be responsible for charting this stupid course of action or lack of it.

[Jmk47] Jester,,,,,,,,,,,so any hope they are working with the republic ones

[Jester] hoot2602 HMMM.. I THINK THIS IS O’s PLAN... HIS PLAN IS TO BURY THE US... AND HE IS DOING A GOOD JOB....

[jcdubya] Agreed

[Jester] I THINK IT MIGHT BE A WHOLE LIBERAL MOVEMENT OF SOCIALISM... I BELIEVE THAT IS WHAT THE LIBERALS LIKE TO HAVE... A SOCIALIST STATE...

[Maleficent] Jester Wow... I've always believed he wanted to destroy the US. I never thought he was capable of pulling it off though. That's scary!

[hoot2602] Jester Do you think the oil credit arrangement with China, Iraq and UST be preserved?

[Jester] hoot2602 HARD TO SAY... THEY HAVE NOT GOT TO THAT POINT YET... WORKING ON THE BIG FISH RIGHT NOW AND GETTING THE COUNTRIES STRAIGHTENED OUT...GOOD...