News, Rumors and Opinions Saturday PM 8-29-2020
TNT:
MRiles: Bank stories on OM
Member friend WA received a call form a private banker and said was calling about the currency. Friend asked if he was calling about an appointment. The banker said yes can you come in next Tuesday.
He said yes and told the banker has $40 to $50 MM and wanted to be sure that he could handle that. The banker assured him there were 2 or 3 wealth mgrs. that could handle that level.
The friend then told the banker that he had several others in the area that also had currency can they talk with the wealth mgr. he yes when you talk with him have a list of the people you would like to have him contact
Second bank story
Another member contacted a Chase private banker and said she would like to discuss her foreign currency with Morgan Stanley. The wealth mgr from MS contacted her and asked how much currency she had and what rates she was expecting
She told him: how much of each of the following and said the rates she was expecting
Zim higher than $0.33 but less than $1 (the member did not share exactly what she requested), dong -$8 dinar -$32 and the wealth mrg said they had a Buy rate a sell rate a bank rate and a UST rate and based on the amount she had he would call her back on Monday to confirm if he could offer those rates
Briona: The Treasury rate could very well be the contract rate.
Ify: Thinking Buy and Sell Rates are tied to Forex. Customer Rate is what Banks calculate that day for exchanging at retail locations. Maybe Treasury Rate is the rate they use to deal with other governments on private side. Maybe?
Aran: My bank story happened when I first bought my currencies. Regional bank manager called me send me an email saying that they will exchange my currencies once Iraq is ready. But I haven’t heard from her since then. The point is she knows that we will be exchanging once everyone is ready.
KTFA:
7-FA: Meeting God
A little boy wanted to meet God. He knew it was a long trip to where God lived, so he packed his suitcase with Twinkies and a six-pack of root beer and he started his journey.
When he had gone about three blocks, he met an old man. He was sitting in the park just staring at some pigeons. The boy sat down next to him and opened his suitcase. He was about to take a drink from his root beer when he noticed that the old man looked hungry, so he offered him a Twinkie. He gratefully accepted it and smiled at him. His smile was so pleasant that the boy wanted to see it again, so he offered him a root beer.
Again, he smiled at him. The boy was delighted! They sat there all afternoon eating and smiling, but they never said a word. As it grew dark, the boy realized how tired he was and he got up to leave, but before he had gone more than a few steps, he turned around, ran back to the old man, and gave him a hug. He gave him his biggest smile ever.
When the boy opened the door to his own house a short time later, his mother was surprised by the look of joy on his face. She asked him, "What did you do today that made you so happy? "He replied, "I had lunch with God." But before his mother could respond, he added, "You know what? He's got the most beautiful smile I've ever seen!"
Meanwhile, the old man, also radiant with joy, returned to his home. His son was stunned by the look of peace on his face and he asked, "Dad, what did you do today that made you so happy?"
He replied, "I ate Twinkies in the park with God." However, before his son responded, he added, "You know, he's much younger than I expected.
Too often we underestimate the power of a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring.
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Courtesy of Dinar Guru
Pimpy ...A lot of progress going on in Iraq. Article: "Representing the Kurdistan Region in the Iraq negotiating committees in the strategic dialogue with America" This is what impresses me the most about Al-Kazemi's administration...his willingness to just get in there and get things done. It's been outstanding. This is great news for both our short-term and long-term investments...when it comes to the Iraqi dinar anything and everything that gets these guys back on their feet and helps build their economy is a benefit to us...this is a huge step because that shows Al-Kazemi's willingness to work with Kurdistan and to helps get things accomplished with the United States...
Jeff Iraq's currency will become internationally recognized when the rate does change. The rate change has to change basically first or at the same time but the rate change is the linchpin...the currency does not become internationally recognized till the rate change so that's the linchpin. Once that happens the currency does become internationally recognized. That's also the linchpin to when Iraq will become Article VIII compliant with the IMF. Right now Iraq is under Article VIII rules, guidelines and procedures. They have to adhere to them but they don't become Article VIII till the rate changes...
Iraqi Dinar News 08/29/20 - Bold move by Kazemi
Pimpy’s Investment Chat: Aug 29, 2020
The [DS] Plan Is Backfiring On Them, Narrative Shift But It’s Too Late: Frank
Aug 29, 2020
Today's Guest: Quite Frankly
Todays Interview: Frank discusses how the [DS] plan is now backfiring on them, they are losing support for BLM and people are now seeing the true agenda, riots, burning the flag, destroying peoples lives.
The MSM/[DS] are now trying to shift their narrative but it is too late.