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Jester - Looking for Proof!  3/16/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Jester - Looking for Proof! 3/16/19

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Jester - Looking for Proof!  3/16/19 Empty Jester - Looking for Proof! 3/16/19

Post by Ssmith on Sun Mar 17, 2019 10:40 am

Jester’s Place:

[JESTER] HELLO AND HAPPY WEEKEND EVERYONE...

[JESTER] I HATE TO LEAVE YOU ALL ALONE WHEN THERE IS SO MUCH WEIRD STUFF GOING ON...

[JESTER]  I HAVE FED THE WOLF SOME OF THAT INFO AND HE HAS TAKEN OFF WITH IT... THE WOLF BRINGS UP SOME VERY GOOD DISCUSSION POINTS... PROBABLY SOME OF WHAT HAS BEEN FLOATING AROUND..

[JESTER] ALL RIGHT SINCE I AM HERE ALREADY LETS HAVE SOME FUN WITH WHAT WE HAVE ALREADY FOUND... "WOULD YOU LIKE TO PLAY A GAME" (WARGAMES COMPUTER VOICE) HAHAHAHA

[ [JESTER] OKAY SO WHO HAS BEEN READING  ABOUT THE BIS BEING GOLD BACK ON MARCH 29TH


[Mari] Jester, saw some of it

[JESTER] OKAY... SO ANY ONE GOT ANY IDEA WHAT THAT IS ?

[JESTER] HINT... WHO KNOWS WHAT THE CURRENCY TO THE BIS  IS? NO CHEATING WITH GOOGLE...

[diditrvyeet] JESTER does the BIS need be gold backed or each country but you got out your question first

[JESTER] diditrvyeet WE WILL GET THERE JUST PLAY ALONG WIHT THE GAME FOR NOW...

[JESTER] IT IS A LEARNING EXPERIENCE.. A QUIZ OR TEST.. TO SEE IF YOU BEEN PAYING ATTENTION... OR TO STRETCH YOUR THINKING ON HOW WE APPROACH ALL THE BS WE HEAR SO YOU CAN DO IT TOO...

[diditrvyeet] JESTER ok, USD

[JESTER] diditrvyeet NOT... ANYONE ELSE?

[Hurry Up and Wait A2] JESTER Swiss Franc

[Betsy Ross] Yuan

[Betsy Ross] or the SDR

[JESTER] NOPE NOPE NOPE...

[diditrvyeet] JESTER basket of currencies

[JESTER] Betsy Ross AHA! DID YOU GOOGLE THAT?

[Betsy Ross] no

[JESTER] The balance sheet total of the BIS on 31 March 2017 was SDR 242.2 billion.[19] Since 2004, the BIS publishes its accounts in terms of special drawing rights (SDRs) – previously, it used as currency the Gold Franc. One SDR is equivalent to the sum of USD 0.660, EUR 0.423, JPY 12.1 and GBP 0.111. The composition of the SDR currency basket is subject to review every five years by the IMF. See BIS Annual Report 2015    https://www.bis.org/publ/arpdf/ar2015e7.pdf

[JESTER] SO...IF THEY DON'T HAVE A CURRENCY TO BE GOLD BACKED THEN WHY ARE THE GURUS  ACTING LIKE IT WILL HAPPEN ON MARCH 29TH

[JESTER] BTW... YOU KNOW I LIKE PROOF...
https://en.wikipedia.org/wiki/Bank_for_International_Settlements

[JESTER] OKAY... SO WHAT ACTUALLY DOES HAPPEN ON THE MARCH 29TH DATE?

[Betsy Ross] end of first quarter

[diditrvyeet] march madness?

[Sandhaul] Jester basel 3

[JESTER] Sandhaul GOOD FOR YOU...AND THAT IS  SIGNIFICANT WHY?

[JESTER] diditrvyeet DING DONG

[JESTER] HAHAHA

[Sandhaul] Jester all banks playing on the same field?

[diditrvyeet] Sandhaul good answer

[JESTER] HINT.... AND WHY ARE THE GURUS TOUTING IT WILL BE THE BIG GOLD STANDARD EVENT?

[JESTER] Sandhaul SORT OF... THAT'S NOT BAD AND CERTAINLY PART OF IT...BUT NOT EXACTLY WHAT I WAS LOOKING FOR..
.
[Betsy Ross] transparency

[Sandhaul] Jester does away with fractional banking

[alfonse] Changes composition of the basket

[JESTER] According to the Basel Committee's new rule, known as “Basel III,” as of the New Year, gold will be counted at 100 percent of its market value when a bank's assets are audited. Moreover, under Basel III, a bank's tier one assets must rise from 4 percent to 6 percent of its total assets.

[JESTER] SO BIG HAIRY DEAL... NOW WE ARE 6% GOLD BACKED INSTEAD OF 4% GOLD BACKED... I MAY FAINT FOR THE WONDER OF IT...

[JESTER] BUT TRUST ME WHEN I TELL YOU... THE DAMN CURRENCY IS STILL NOT GOLD BACKED...

[JESTER] OOPS... GOT THAT EXCERPT FROM AN OLD ARTICLE EXPLAINING ABOUT BASEL 3...  https://nationalinterest.org/commentary/basel-iii-brings-gold-back-7809

[diditrvyeet] JESTER how and who are auditing the assets and amount of gold?

[JESTER] WELL THAT IS WHY I AM WRITING TO LET PEOPLE KNOW... NOT THAT ANYONE WILL READ IT... BUT WE ARE STILL TRYING TO GET THE TRUTH OUT... TO THOSE WHO WILL LISTEN...

[JESTER] ALL I CAN DO IS TELL IT LIKE IT IS... I AM NOT HERE TO WIN FRIENDS AND INFLUENCE PEOPLE... I AM HEAR TO TELL THE DAMN TRUTH...IF THEY DON'T LIKE IT I REALLY DON'T CARE...

[JESTER] NOW... WE HAVE DISPROVED A COUPLE OF MYTHS ABOUT THE BIS... NO GOLD STANDARD COMING THERE...

[JESTER] BY THE WAY.... SIDE NOTE... ANYONE LIKE TO KNOW WHY GOLD PRICES DON'T GO UP WITH ALL THE DEMAND?

[Sandhaul] jester manipulation

[JESTER] Sandhaul PERFECT...

[Mari] Jester, being manipulated?

[JESTER] YOU ARE ON A ROLL TONIGHT...

[JESTER] GOOD ARTICLE HERE I RAN ACROSS ABOUT THAT... SOMEONE FINALLY BRAVE ENOUGH TO PUT IT OUT IN WRITING... GUTSY ITALIANS... YOU;D NEVER SEE THIS IN THE US... http://news.goldseek.com/GATA/1552338412.php

[truth] seems like everything we hear is being manipulated from stock market, to climate, weather, whatever.

[diditrvyeet] JESTER that is a really good article, always heard it was manipulated but they say why and how


[JESTER] OKAY.... SO ANYTHING ELSE BEEN BOTHERING ANYONE THAT THEY CANNOT FIND INFO ON?

[JESTER] WE HAVE ANOTHER TOPIC I LIKE TO SEE IF IT IS ON YOUR LIST... HAHAHAHA

[diditrvyeet] JESTER bring it

[JESTER] OKAY. DO YOU THINK... THAT IF THE RV WENT DOWN... OR PEOPLE STARTED GETTING PAID... THAT THERE WOULD BE ABSOLUTELY ANY WORD OF IT ON ANY MESSAGE BOARD?

[diditrvyeet] JESTER zip nada nil

[diditrvyeet] JESTER and why would they tell any guru about it to spread the news even more

[JESTER] diditrvyeet EXACTLY...SO IF THERE IS A HUGE DEAL LIKE SOME PEOPLE ARE PUTTING OUT... THIS CMKM/CMKX THING FOR EXAMPLE... DON'T YOU THINK PEOPLE WOULD BE SAYING SOMETHING?

[JESTER] IF YOU GOOGLE THAT YOU COME UP WITH A HANDFUL OF SITES, FACEBOOK PAGES, AND MESSAGE BOARDS THAT ARE SILENT AS A CHURCH MOUSE... NOW HOW CAN THAT BE IF EVERYONE IS GETTING PAID ALL OVER THE PLACE?

[Sandhaul] Jester I don't think the historic pay outs would be broadcasted... NDA... And  they have been waiting for a loooooooong time....

[JESTER] Sandhaul WHO WOULD GIVE A CRAP ABOUT THAT? IT IS NOT HISTORICAL...

[JESTER] THAT IS AN EASY WAY OF SAYING IT HAPPENED BUT WE CANT TALK ABOUT IT... THAT IS  NOT INTEL..YOU NEVER KNOW IF IT DID OR NOT... HAHAHA………BUT WE CANT TALK ABOUT IT...

[Sandhaul] Jester maybe I'm not up on what CMKM/CmKX packages are

[JESTER] I DUNNO... BUT NOT A SINGLE PEEP? NOT EVEN... STAND BY WE ARE CLOSE OR ANYTHING?


[caro] Jester nope nothing

[diditrvyeet] JESTER good point, has to be someone that couldn't contain their excitement

[Mari] Jester, they pretty much say that other people getting paid out but not you

[JESTER] ANYWAY... WE JUST THINK IT INTERESTING THAT WE HEAR ALL THIS AND YOU CANNOT PROVE ANY OF IT...

[truth] JESTER so what do you conclude from this discussion?

[JESTER] truth NOTHING IS HAPPENING...IT WOULD BE OBVIOUS IF IT WAS....

[caro] Jester well what is going to happen with them when they are proven wrong. Peeps are going to be mad

[JESTER] caro HASN'T HAPPENED SO FAR...

[Vigilance] JESTER you said you are looking for indictments/arrests before the funding. Maybe this is the beginning: posted by Q from the Justice Dept.: Former Defense Intelligence Officer Pleads Guilty to Attempted Espionage   https://www.justice.gov/opa/pr/former-defense-intelligence-officer-pleads-guilty-attempted-espionage

[JESTER] Vigilance HARD TO SAY IF THAT ONE HELPS... I LIKE TO SEE POLITICIANS AND BANKERS GET ARRESTED....

[Vigilance] JESTER but evidence of John Huber working behind the scenes. Agree we need the pols and bankers

[JESTER] THE WEIRD THING I FIND STRANGE WITH THIS WHOLE DIAMOND THING IS IT LOOKS AS  IF THE WHOLE THING WAS A SCAM TO BEGIN WITH... ID LIKE SOMEONE TO EXPLAIN WHY THE GOVERNMENT WON A $55 MILLION JUDGEMENT FOR FRAUD IN SELLING A NONEXISTENT BUSINESS MODEL....
https://www.reviewjournal.com/business/cmkm-diamond-fraud-case-yields-55-million-judgment/

[JESTER] IF THAT IS THE CASE HOW DID IT ALL BECOME SOME BIG HUGE DEAL LATER?

[JESTER] CHECK IT OUT AND LET ME KNOW WHAT YOU THINK... JUST TRYING TO GET THE INFO WE HAVE FOUND OUT...HATE FOR ALL THE WORK TO GO TO WASTE...

[alfonse] diditrvyeet When we lie to Government it is a Felony, When Government lies to us it is Politics

[Patience] THANKS FOR STOPPING BY. GOD BLESS TEAM TRUMP FLAG


Recaps Note: This is the original article about the Bis and the return of the "Gold standard"

Banks, the return of the "gold standard": gold in financial statements becomes money

- by Alessandro Plateroti - 25 February 2019

What is happening on the world gold reserves? On the gold market there is a cold war climate: for the first time in 50 years, central banks bought over 640 tons of gold bars last year, almost twice as much as in 2017 and the highest level raised since 1971, when US President Richard Nixon (pictured) closed the era of the Gold Standard.

The interesting fact is that the European central banks, together with the Asian ones, have been the most aggressive in their purchases: fear of the euro crisis and of currency wars?

In reality, and this is especially true in Europe, behind the great maneuvers on gold reserves there is not only the traditional protective shield against major risks: there is also the call of opportunity. A reminder of which few still seem to know, despite the appointment is now a matter of a few weeks: those that are missing March 29, 2019. The day of judgment for the Brexit will also be the advent for the gold market.

It is not clear whether by choice or by chance, the Bank of International Settlements of Basel, the «Central Bank of Banks» for its key role in the world financial system, has set an appointment with the story for March 29: resurrection of the Gold Standard in the banking world.

For almost 60 years, the gold standard has regulated the convertibility between gold and dollar, engaging the market value: in 1971 it was the American president Richard Nixon, frightened by the bearish pressures that were likely to sink the dollar in the cold war, to cut the cordon with gold decreeing the end of the gold standard. Now something starts moving in the opposite direction.

Gold as cash

Il Sole 24 Ore has discovered that among the complex but well-known reforms of the standards for credit and finance from the "Basel 3" plan, there is an accounting alchemy that can turn gold into money in the balance sheets of the large banking groups.

From 29 March, by decision of the BIS, the gold in the portfolio of commercial and business banks becomes "Cash Equivalent", an asset equivalent to cash and therefore "risk free".

In fact, it is the first "reassuring of gold" since the time of the Bretton Woods agreement: technicians call it "Gold Remonetization", a process that is the reverse of the "demonetization" of gold decided by Nixon.

Same status as sovereign bonds

The operation of the BIS, as reconstructed by the Sole24Ore, carries the signature of the FED, the ECB, the Bundesbank, the Bank of England and the Bank of France, the G-5 of the great global monetary powers.

In 2016, when the new rules of the banking system included in the "Basel 3" package were defined, the Central Bankers Committee inserted an epoch-making norm that no one, however, has ever openly discussed in public.

In practice, gold in "physical" bullion - hence not under the "synthetic" form as the certificates - returns to be considered by regulators as the equivalent of the dollar and the euro in terms of asset security, thus eliminating the obligation to weight the risk for the purpose of capital absorption, as with any other financial asset, excluding (for now) the eurozone government bonds.

The turning point is not insignificant, for the gold market and for the very role of national gold reserves. The result is significant: with the new rules of Basel 3, gold is given the same status that is now recognized for sovereign bonds in banks' balance sheets.

A question therefore arises: is the promotion of gold the premise for applying a weighting of risk to the government securities held by banks? From the debt crisis, the regulators' objective was in fact twofold: to impose on the banking system to hold an adequate equity to cover the extent of the risks.

 In the crosshairs there are mainly the Government Securities, that according to current rules can be held by banks without any impact on their assets. The issue mainly concerns low-rating countries such as Italy, Spain, Portugal and Greece, which were seen to be special after the debt crisis in 2011.

The banks of these countries, both to increase profitability (carry trade) and to facilitate the issue of public debt in auctions, have the highest amount of government securities in the euro area. And this phenomenon is particularly felt in Italy, where the banking system has 400 billion BTp on the 2.4 trillion of public debt.

What would happen then, if it were applied to risk weighting on BTPs as the Basel Committee wants? The consequences depend on the level of risk weighting applied to the BTPs: if it were high, some banks could be forced to replace the securities with other financial assets, including gold, or to proceed with capital increases.

At a time when the market is reluctant to buy bank shares, the risk of repercussions on the stability of the banking system could be high. Just look at the Credit default swaps (default risk insurance) on Italian banks: according to Bloomberg data, the 5-year CDS of some of the major Italian banks have surged since the spring of 2018, even tripling in some cases the value. It is in this context that the date of March 29 is approaching rapidly.

Countries that have repatriated gold from abroad regaining control and management are already protected from the risk of being short of physical gold after March 29 to make available to their banks in case they want to replace it with sovereign bonds .

In the arsenal of the system, there is a golden mountain of 33,000 metric tons of gold worth 1,400 billion dollars at the current exchange rate. And that represents 20% of all the gold extracted in the world in almost 3 thousand years.

As usual, the most forward-looking and prudent countries - or perhaps the best informed about the turnaround at the end of March, were Germany, Holland, Austria, France, Switzerland and Belgium, but also Poland, Romania and Hungary regained control of gold reserves, increasing their consistency.

China, Russia, India and Turkey, on the other hand, have been the nations that have bought gold in the last two years more than anyone else, with Moscow having even liquidated its entire portfolio in US government bonds to replace them with precious metal. But the problem is not this: it is on the price of gold that the accounts do not return.

In 2018, as many as 641 tons of gold bars were bought by the monetary authorities of every continent, but above all in Europe: it is the highest level since 1971. The maneuver is unprecedented and should be seen in the phenomenon of repatriation of ingots of state entrusted in custody.

Seven thousand tons of gold reserves were withdrawn from the central banks from the coffers of the New York Federal Reserve, while 400 tons were secretly released by the Bank of England. In recent years, but especially in 2018, a jump in the price of gold would have been in the order of things. On the contrary, gold closed last year with a 7% downturn and a negative financial return. How do you explain?

While the central banks raided "real" gold bars behind the scenes, they pushed and coordinated the offer of hundreds of tons of "synthetic gold" on the London and New York price lists, where 90% of the trading on metals takes place. precious: the excess supply of gold derivatives obviously served to knock down the price, forcing investors to liquidate positions to limit the large losses accumulated on futures. Thus, the more futures prices fell, the more investors sold "synthetic gold", triggering bearish spirals exploited by central banks to buy physical gold at ever lower prices.

With all due respect to those looking at gold as a safe haven. China, India, Russia and Turkey, has practically doubled the gold reserves in the last five years with this system. Moscow, to buy gold, has even sold the last 20% of American government bonds it held in currency reserves.

How compatible is such a situation with the duties of correctness and transparency of a central bank? Certainly, the system created by the Anglo-American "Goldfinger" really seems to be made for abuses. Who knows what will happen after March 29 ...

https://www.ilsole24ore.com/art/finanza-e-mercati/2019-02-24/banche-ritorno-gold-standard-l-oro-bilanci-diventa-moneta-091055.shtml?refresh_ce=1
Ssmith
Ssmith
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