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WSOMN Saturday Drama 4/16/16

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Post by Ssmith on Sat Apr 16, 2016 10:39 am

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
16m ago
I heard on Jerry's call yesterday a suggestion 2 callers who want to obtain cash now, he suggested taking a 10,000 note of Rupiah, if you have it and exchange it for the low pre-RV rate for now. Not bad, it exchanges at about $8G minus fees but you can have some "running money" he called it. Anyone here do that yet? I dont have Rupiah but I just checked the WF exchange site and the rupiah is there at .82US$.

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
12m ago
Listen to Jerry's call yesterday, then verify at the WF exchange center, I am going to call them today when they open just to verify... yes it is listed at .82 , minus fees! 
WSOMN Saturday Drama 4/16/16 Avatar?id=1597851&m=75&t=1458044999owl wrote
13m ago
cannot buy 10k note of .82 = $150. The math doesn't work

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
12m ago
No I am talkng about selling a Rupiah note, Owl, that is what he said, take your 10 k note in and exchange it at the current rate minus fees.

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
11m ago
Jerry called it "running money" to tide you over till the BIGGER rate comes, hadn't heard that, if I had Rupiah I would do that for some fast cash

WSOMN Saturday Drama 4/16/16 Avatar?id=1602528&m=76&t=1460815804CC SoCal wrote
11m ago
That's a big deal. So 500K RUP= 410K?

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
10m ago
One 10,000 note of rupiah - 8,200 minus fees at WF

WSOMN Saturday Drama 4/16/16 Avatar?id=1602528&m=76&t=1460815804CC SoCal wrote
6m ago
Humphrey, I'm going to go over and check it out. Thank you so much. It went over my head yesterday.

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
6m ago
The rupiah will be worth MUCH more at RV time so he said take one note.... Rupiah won't effect the possiblity of being locked into a low rate....listen to the Wingt call yesterday! Seems this pearl was missed!

WSOMN Saturday Drama 4/16/16 Avatar?id=1594228&m=75&t=1454271468mrsgib wrote
7m ago
the wells fargo site has rupiah at .000082

WSOMN Saturday Drama 4/16/16 Avatar?id=1594228&m=75&t=1454271468mrsgib wrote
7m ago
it is still worthless

WSOMN Saturday Drama 4/16/16 Avatar?id=1593883&m=75&t=1453859472TerryMAC wrote
5m ago
CHECK the MATH @ W F Bank 1,000,000 = $82.10 LINK: https://www.foreignexchangeservices.com/FES/paint.html?focusid=Calcula​tedCostLabel

WSOMN Saturday Drama 4/16/16 Avatar?id=1602528&m=76&t=1460815804CC SoCal wrote
5m ago
TerryMac... could the banks have a different screen for the special folks? Smile

WSOMN Saturday Drama 4/16/16 Avatar?id=1596711&m=75&t=1456697746Mum2 wrote
3m ago
1000000 repiah at .82 gets you 820,000.

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
2m ago
Apparently Jerry has exchanged a 10K Rupiah note and was passing on the suggestion to two listeners who were in need and will just take in a lower rupiah note for exchange. He said take the approx. $8,000 minus fees

WSOMN Saturday Drama 4/16/16 Avatar?id=1595869&m=75&t=1455915345Humphrey wrote
1m ago
He said it exchanges dollar to dollar that is what is showing on the screens.... so I am going to call the exchange center to verify since he told 2 people about it on the Wingit call yesterday.



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Post by Ethel Biscuit on Sat Apr 16, 2016 11:10 am

My brain hurts!

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Post by Ssmith on Sat Apr 16, 2016 11:12 am

WSOMN Saturday Drama 4/16/16 Avatar?id=1601578&m=75&t=1460261584Karendo wrote
9m ago
Good morning all: I just called WF foreign exchange and was told to sell back 100k note would be $6.96. The .000082 is the buy rate.
WSOMN Saturday Drama 4/16/16 Avatar?id=1597450&m=73&t=1457537899Dreaming wrote
8m ago
Karendo - We have been told on more than one occasion that the rates are not available at the bank level, and exchanges initially would take place at the exchange centers.
Pj wrote
2m ago
I see references to June seems we do this yearly we skip to June then get into Ramadan delays, then presidential elections. Please what is real here? The Zim has been in the light now rupiah where's the Iqd n Vnd
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Post by Ssmith on Sat Apr 16, 2016 11:13 am

I think we need a math contest between WSOMN & WingNut members.
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Post by Sandnsea on Sat Apr 16, 2016 12:30 pm

This is beyond sad.

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Post by Ssmith on Sat Apr 16, 2016 2:47 pm

WSOMN Saturday Drama 4/16/16 Avatar?id=1601668&m=75&t=1460300999stargazer wrote
29m ago
i try not to say too much on here because some from outside likes to make fun of people and i remember posting something and asked not to be posted elsewhere, the next thing i knew it was on Dinar Chronicles
WSOMN Saturday Drama 4/16/16 Avatar?id=1600781&m=75&t=1459634279saintly wrote
22m ago
STARGAZER...... I quoted on Dinar Recaps... and they greatly exaggerated my words....actually added words....very frustrating!
WSOMN Saturday Drama 4/16/16 Avatar?id=1597450&m=73&t=1457537899Dreaming wrote
16m ago
Also keep in mind that quiet IMO is better than noise all throughout the Dinar community. We have to learn not to be swayed by the color of a screen. Keep our eyes on the prize. Do you show the same type of disappointment when things don't go your way in everyday life most of us regroup and move on


AdminBill in chat, Saturday 4/16/16

WITH THE LACK OF NEWS AND ACTIONS I AM RETURNING TO A GUARDED POSITION - BLUE

 
I WILL RE-EVALUATE THIS CHANGE AFTER I SPEAK WITH PEOPLE TODAY - SORRY GUYS
 
IT IS MY UNDERSTANDING THAT THE CHINESE MAY MAKE AN ANNOUNCEMENT TUESDAY THAT THEIR CURRENCY, THE YUAN, WILL BE ASSET BACKED. HOW CAN A COUNTRY WITH VIRTUALLY NO "ASSETS" BECOME ASSET BACKED. TRUE, THEY HAVE ACCUMULATED A GREAT DEAL GOLD BUT NOT ENOUGH TO SUPPORT AN ASSET BACKED CURRENCY. WHERE ARE THE REQUIRED ASSETS COMING FROM?
IT IS MY UNDERSTANDING THAT A FEW YEARS BACK THE DEFINITION OF ASSET BACKED WAS REDEFINED. WHERE IN THE PAST ONLY CERTAIN ITEMS COULD BE CLAIMED AS ASSETS, SUCH AS GOLD, COULD BE CLAIMED AS AN ASSET. NOW GOLD AND SILVER ARE CONSIDERED A "CURRENCY" AND CURRENCIES HELD BY A COUNTRY THAT ARE FROM ANOTHER COUNTRY CAN NOW BE CLAIMED AS AN ASSET.
THE POINT BEING IS THAT FOR A COUNTRY TO "CLAIM" THEY ARE ASSET BACKED YOU MUST HAVE ASSETS IN PLACE TO MAKE THAT CLAIM. SO, GOING BACK TO CHINA - WHAT "ASSETS" MIGHT THEY AND OTHER COUNTRIES HOLD THAT COULD BE VALUABLE ENOUGH, AT THE TIME THEY MAKE THAT ANNOUNCEMENT, TO SUPPORT BEING THAT CLAIM?
 
Cruiser wrote I think I heard that a country's GDP would be figured into their assets. Because that is an asset
AdminBill wrote CRUISER - YES - BUT NOW WE HAVE A DOWN TURN IN GDP AROUND THE WORLD - STILL NOT ENOUGH TO BACK A CURRENCY IMO
 
GEG-Dinar wrote Admin Bill, can a country use other tangible assets such as oil, copper, agricultural assets, developed infrastructure assets as counting towards a value to back a currency?
AdminBill wrote GEG - I BELIEVE WITH THE NEW DEFINTION OF ASSETS THEY CAN
 
Pavy wrote I thought All the sovereign nations were getting there share of the gold from the elders
AdminBill wrote PAVY - WHO HAS THE GOLD?
 
Cruiser wrote And I wonder if they can use all of the paper they own.
AdminBill wrote CRUISER - THE "PAPER" NOW HAS VALUE
 
Cruiser wrote That's considered assets
AdminBill wrote WHERE AND BY WHO?
 
Curly wrote on open mic it was statedthis morning that they dont think China will announce anything that is dinarland making that statement
AdminBill wrote CURLY - QUITE POSSIBLY TRUE - THIS IS A DISCUSSION OF POSSIBILITIES
 
AdminBill wrote LET US ASSUME FOR A MINUTE THAT CHINA HAS THE ASSETS AND GOES ASSET BACKED - WHAT HAPPENS TO THE VALUE OF THE FIAT US DOLLARS VALUE AGAINST THE YUAN?
Curly wrote hyper inflation
Pavy wrote ADMINBILL it would lose its value out of country
AdminBill wrote PAVY - YES
 
GEG-Dinar wrote Admin Bill, the challenge with China is that they have developed so much non-functioning infrastructure as to be almost laughable. Note the ghost cities and highway's to nowhere to support these ghost cities. I'm sure they can't be factored into an asset that backs a currency.
AdminBill wrote GEG - VERY TRUE
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Post by Kevind53 on Sat Apr 16, 2016 5:29 pm

Neither China nor any other country will be going "asset backed." Just not going to happen. My best guess is that Bill is basing his statements on the BASEL III guidelines. One problem, those guidelines apply to commercial banks, assuming that the country they are in adopts them. They are not mandatory, and they do not apply to central banks.

GEG-Dinar wrote:Admin Bill, the challenge with China is that they have developed so much non-functioning infrastructure as to be almost laughable. Note the ghost cities and highway's to nowhere to support these ghost cities. I'm sure they can't be factored into an asset that backs a currency.

Exactly the point I have been making about China, they have been spending astronomical, obscene amounts on military and infrastructure. The only people they will be trying to save are themselves.

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Post by Ssmith on Sat Apr 16, 2016 5:45 pm

WSOMN Saturday Drama 4/16/16 Avatar?id=1591736&m=75&t=1451433083ADMINBILL wrote
2h ago
HOPPING IN AGAIN FOR A QUICK CHAT. MY CONTACT IN THE DC AREA SAID EARLIER THAT ALL IS QUIET. HE HAS HEARD NOTHING TODAY WHICH IS A TYPICAL SATURDAY. HE WILL LET ME KNOW LATER TODAY IF THAT CHANGES.

WSOMN Saturday Drama 4/16/16 Avatar?id=1601591&m=75&t=1460262471dpchamp wrote
1h ago
Admin, we definitely appreciate your diligence to not keep us in hopium!! But, I do admit the wind was taken out of our sails with the beautiful blue...

WSOMN Saturday Drama 4/16/16 Avatar?id=1597821&m=73&t=1457997678Garmst wrote
moments ago
Thats why I like this site....the hopium has been reduced.
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Post by Ssmith on Sat Apr 16, 2016 7:16 pm

WSOMN Saturday Drama 4/16/16 Avatar?id=1601781&m=75&t=1460352679LaJolla wrote
1h ago
? Garmst, who can we believe? Has any of Intel and guru's ever "tried" to contact the button pushers themselves? We need a D Trump kind of man to find out for us. That's who we can believe. Way to much chit-chat in here if you know what I mean.

WSOMN Saturday Drama 4/16/16 Avatar?id=1591736&m=75&t=1451433083ADMINBILL wrote
39m ago
LAJOLLA - REALLY? CONTACT THEM YOURSELF THEN AND START YOUR OWN SITE AND LEAVE THIS ONE. OKAY, SO I GET TO VENT TOO. YOU ARE WELCOME TO STAY. NOW WE BOTH FEEL BETTER.

WSOMN Saturday Drama 4/16/16 Avatar?id=1601543&m=76&t=1460254876Soupkettle wrote
37m ago
Adminbill.....loved hearing you on the BEP prayer call. Smile yes...I chuckled
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Post by Ssmith on Sat Apr 16, 2016 7:37 pm

ej wrote
6m ago
Admin: what is your view about all the exogen stuff?

WSOMN Saturday Drama 4/16/16 Avatar?id=1591736&m=75&t=1451433083ADMINBILL wrote
44s ago
EXOGEN IS SYNONYMOUS WITH EXHALE DEEPLY
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Post by Kevind53 on Sat Apr 16, 2016 8:12 pm

As is AdminBill .... WSOMN Saturday Drama 4/16/16 1656125192

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