TNT, Frank, Max Keiser, Lynette Zang and more Thursday Morning 10-22-2020
TNT:
Systema: Well today’s call was awesome. I took Tony’s call to heart and once work was done went to my bank. I tell the teller I want to buy 8 million dong. She looks at the screen with a strange expression.
She tells me that there is no rate showing and that it’s blanked out. I tell her I still need to make the purchase and to figure out a price.
She says she will call and get a price over the phone. Minutes later she tells me “I’m sorry I’m told it’s blanked out because we are not allowed to sell it anymore”.
I nearly crapped my pants. I gave her a huge smile and said thanks for trying your best. She was expecting me to be pissed I guess. This is no little branch in the middle of no-where. It was the TD Canada Trust in Pickering Ontario Canada. I have never had this happen before buying dong and I’ve been buying it for a decade.
Tony has said many times before...they will stop sale of the currencies when they are about to pop the RV. I sure hope these are our final days.
Harambe: Bloomberg: Zimbabwe’s Maligned Dollar Catches Break on Central-Bank Action
(10/21/20)
The currency is heading for back-to-back months of gains for the first time since it was re-introduced 18 months ago.
Zimbabwe’s measures to stabilise the country’s currency are finally paying off: the local dollar is heading for back-to-back months of gains for the first time since it was re-introduced 18 months ago.
This comes after the southern African nation’s central bank introduced weekly foreign-currency auctions and cracked down on mobile-money transactions, blamed by authorities for undermining the currency.
The Zimbabwe dollar slumped to 83.39 per US dollar on August 26 after being re-introduced at around Z$3 in March last year. It strengthened 2.3% in September and has edged another 0.1% higher to Z$81.35 on Wednesday, according to central-bank data.
The currency has also strengthened on the black market, where the premium for US dollars, once more than 100%, has narrowed to between 15% and 20% as companies turn to official channels for foreign exchange.
A local website which tracks black-market rates, marketwatch.co.zw, put the street rate at Z$100 per U.S dollar on Wednesday, down from a peak of Z$120. In an Oct. 12 statement, the central bank’s monetary policy committee said stability was achieved after it alloted a combined $291 million at 16 foreign currency auctions since their introduction on June 23.
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Courtesy of Dinar Guru
Petra Question "Do you think that the reinstatement of the Iraq dinar is about to work?" Is that a rhetorical question? Yes Absolutely it is. That's one of the reasons why I've been so quiet because I'm just waiting for them to make their move.
Frank26 ...our days are coming to an end...Once they say to the citizens come into the bank...we want to show you something. Once they do that. The moment they do that I'm done...you understand that my friend [guru] walkingstick, the firm that he belongs to has over 600 employees...about a couple dozen owners...of those 20, two of them own banks that represent that company of Walkingstick's...It's been there for over 30 years...that's why whenever the CBI does something for the monetary reform they call...the one who owns banks in Iraq...sometimes we are able to give it [intel] to you...sometimes we don't give it to you...it's fascinating...and now coming to an end IMO...
Keiser Report | A New Bretton Woods with China as #1 Power | E1609
Oct 22, 2020
In this episode of Keiser Report, Max and Stacy note that global perception in advanced economies has shifted such that China is seen as the world’s number one economic power.
At the same time, Goldman Sachs is suggesting clients short the dollar and buy silver as Joe Biden seems likely to win the White House and pursue policies that will continue this shift toward China and away from U.S. wealth-creation.
In the second half, Max chats to Simon Dixon of BnkToTheFuture.com about his thoughts on the recent IMF call for a new Bretton Woods.
Q&A WITH LYNETTE ZANG AND ERIC GRIFFIN
Streamed live 17 hours ago
Viewer Submitted Questions: Jason W: Do you think that a major stock market crash with kick off hyperinflation by way of people pulling cash out of the banks and piling into tangible goods? 0:50
Gail M: Why would the price of gold not lop off the same “0” when they lop off a “0” in the currency. For example, would a collectible coin worth $3,000 not become worth $300? 2:45
Luis P: Why is that a 1 oz. Silver or Gold coin is more expensive bought directly from the Royal Canadian Mint web site than purchased from a reputable gold/silver dealer even though in both places is just a 1 oz. coin? 6:30
Gold Morning: Years ago I took all my money out of the bank. So here I sit with gold, silver, junk silver and numismatic gold AND lots of cash still. If the cash will shortly be worth nothing when the electronic system starts what should I do with the cash? 11:30
Scott S: What happens to employees’ salaries and cost of goods after a reset? 13:45
Nico D - What does it mean if the stock markets are going up and the dollar is going down.18:11
Cheap Laugh Kennedy: How will the new digital dollar be any better than what worthless digital we have now ? 20:43
SolarGeek: Lynette, I took most of my currency out of my 401k and paid off most of my debts and also purchased gold and silver bullion. How much physical metals would you suggest I have in my portfolio? 21:52