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Bruce says We are in good shape...any day now.

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Post by Ponee Wed Sep 07, 2016 8:02 pm



Bruce  

The CIPS system is a brand new system hooked up to a super computer in China and also it us hooked up to two new satellites that China put up. We have the CIPS system and the IEX system, internationally exchange system. Connects all the trading platforms around the world, various exchanges hooked up to the IEX now. 

The CBI did connect to the IEX and they did post their new rates to that system which we understand the banks have a few days ago. The banks were showing those rates.  I don’t know the new rates are, but substantially higher than they were previously. 

 Our turn is just about here. 

 We are in good shape...any day now. 

I really don’t think we will go beyond this week.  We are in high expectation.

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Post by Sam I Am Wed Sep 07, 2016 9:03 pm

We are in good shape...any day now. 


He needs some new material.  Dingleberry has been saying that for five years.

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Post by Kevind53 Wed Sep 07, 2016 9:31 pm

Lies, Lies and more Lies -- First CIPS is not replacing anything, in fact it will piggyback on the existing SWIFT system. Though in it's infancy, it will simplify payments to and from China, which are currently rather convoluted, not the best arrangement for the second largest economy in the world. Currently, despite their size, due to the difficulty of the transactions, the renminbi only accounts for about 2% of the international exchanges. Currently hours are from 9am to 8PM Shanghai time. There are 19 direct participants, mostly Chinese Banks along with a few Chinese subsidiaries of international banks.

The IEX on the other hand does not connect exchanges around the world. It is a new, supposedly "fairer" trading platform based in NYC. It's offices are at 4 WTC, and I suspect that like the other NY based exchanges, it's servers are in a data center somewhere across the river in NJ. The point is, it is just a platform, like NYNEX, NASDAQ, etc. Nothing more, nothing less. The CBI does not connect to it, to suggest it does just underscores the depths of ignorance of Bruce and his followers.

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Post by Just4Tom74 Wed Sep 07, 2016 9:47 pm

Gotta keep it going for Sue & Bob to sell their wares.... It stopped being about the RV years ago.

I remain,
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Post by Terbo56 Thu Sep 08, 2016 11:56 am

Tom, thank you- That is the truth-Everything started to change about 3 years ago, maybe earlier than that-
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