Zig’s Place Chat and News Wednesday PM 6-9-21

Zig’s Place Chat and News Wednesday PM 6-9-21

Zig:  Welcome to zig's place, a chat room for dinar speculators and others....discuss any topic that you wish here

Sheila  Before my banking source cut me off about three weeks ago (?), they suggested I hold back currency after RV, deposit in MCA and get the bank to "loan" against the currency. Been thinking about this and cannot talk to them right now. Anyone else think this is good idea?

Doug_W   sheila MCA?

Sheila   Multi-Currency Account

Doug_W  never heard of it who has such an animal?

Sheila   Researched MCA's. See them on bank sites like HSBC, Bank of Brazil, etc. For a while, saw it listed on WF. Anyone?    banks in Miami, NY, LA, Seattle, San Francisco,,,etc.

Doug_W   ty   I guess that terminology if out of my league

Sheila   Doug_W mine, too. That's why I am asking the chat to seek help

Doug_W   what would be the advantage of that over a simple currency exchange at any bank?U give them ur currency they "DeLarue" it and give U credit in a bank aacct in USD?  thats simple and straight forward

Doug_W   U give them ur currency they "DeLarue" it and give U credit in a bank aacct in USD?

Doug_W   thats simple and straight forward

Sheila   Doug_W my basic understanding is whatever currency you hold, then deposit stays in bank account as that currency, until otherwise exchanged into in any other currency, including USD. Wondering about doing this and getting loan against MCA? Wish I could talk to banker.

Doug_W   U do a currency exchange into USD and quit worrying about all that complex stuff

Sheila   Doug_W Researching, learning is NOT "worrying".

Doug_W   ur only thing then is negotiating the "Spread"

Sheila   Spread and Banks Fees?

Doug_W   ok poor choice of words on my part quit concerning yourself with it

Doug_W   what bank fees   its the spread U have to be concerned with   once its into USD there are no "bank fees"

Doug_W   question 4 U, Have you never done anyn kind of currency exchange?

Sheila  Doug_W it's been widely stated that banks are going to try to extract 1% or 2% for these Currency Transactions.

Sheila   Doug_W Many times.  Most thru Travelex.

Doug_W   ok then if the spread is ONLY 2% your lucky go to a bank not a middle man so to speak    but this is all for naught until it has some value to be able to do as currency exchange

Sheila   Doug_W As I stated, Spread, in addition to Banks trying to extract their pound of flesh... greedy b*st*rdos.

Doug_W   their pound of flesh IS the spread

Sheila   Doug_W Thought Spread was determined by Treasury?

Doug_W   nooo that is why its negotable   banks set spread  like I said you seem to be bothered by this thus "worried"   its a very simple thing contrary to what gurus would have U believe

Sheila   Doug_W So asking questions, CHATTING back and forth " is "worried" to you.

Sheila   Doug_W So if I were a man asking these questions, would you also tell me I was being "worried" or "worrying"?

Doug_W   don't be like that I am only trying to help you not throw stones

Sheila   Doug_W Don't generally take that stance, YET this is a chat room. So if we shouldn't ask questions you consider "worrying", me oh my what will I do? LOLOL

Doug_W   relax    :)

Sandyf   @Doug_W what would be the advantage of that over a simple currency exchange at any bank? - MCA can be very useful if needed. Been discussed in dinarland for many years but mainly a lot of garbage.

The main banks that do them are normally restricted to a handful of the major currencies and have a large minimum deposit, so no good for exotics. We had one with a Chinese bank for many years, would deposit Yuan here in Thailand and my niece could draw it out by ATM when at uni in China.

There is a relatively new bank called Wise, formerly Transferwise, that operate an MCA and I believe available in the US. They deal in about 70 currencies I think and have no minimum deposit, I have GBP,USD,EUR and Thai baht in my account

butterfly   I learned a very long time ago......do not worry about what might happen BECAUSE everything changes on a dime. I hope I am wrong, but we are way off from enjoying our investment in the dinar.

butterfly    Iranian presidential candidate expresses readiness to meet US President

Wednesday 09 June 2021 21:22..........The Iranian candidate for the presidential elections of the moderate current, former Central Bank of Iran President Abdel Nasser Hemmati, expressed today, Wednesday, his readiness to meet with US President Joe Biden if he wins the Iranian presidential elections scheduled for June 18.

In an interview with the American Associated Press and reported by the Iranian press, he said he is ready to meet Joe Biden if he wins the elections and under certain circumstances.

Hemmati, who is supported by the moderate current led by Hassan Rouhani and some reformist parties, added that: A direct meeting between the American and Iranian presidents will be held if the United States shows stronger indications.

Hemati is 64 years old, and he is a member of the Quadr al-Binaa party, one of the moderate fundamentalist parties, which, after years of its establishment, became part of the Iranian reform movement.

butterfly   2021-06-09 08:21   Shafaq News/ The Deputy Prime Minister of Kurdistan, Qubad Talabani, received today, Wednesday, the U.S. Consul General in Erbil, Rob Waller, flanked by a delegation of U.S. economic experts.

A readout issued by the Prime Minister's office said that the Deputy PM and his guests exchanged views on ways to boost the private sector and cherish the vital project executed by private companies.

The attendees deliberated investment prospects for U.S. investors in the Region, and Talabani highlighted the government's willingness to provide facilities for them.

The meeting shed light upon the importance of reviewing the Region's banking system to bolster investments and support the private sector.

The meeting touched upon updates on the 2021 budget, and the U.S Consul General asserted his country's endorsement of the Iraqi government's endeavors in this regard.

Dave   Airport Forex kiosks offer the best exchange rate transactions.......1/2 of what banks charge …doubt any tax reporting to the IRS if one were to take a pink note to the local forex kiosks every other day.....once this ever pops

Sheila   Roll With It by Steve Winwood - https://www.youtube.com/watch?v=u_vkKozA8OI

professor dinard   IRS going after crypto. What a bunch a lames

Zig   If you access this chat via https://my.cbox.ws/ZIGPLACE   You can make the box much bigger by clicking this link  ZIGPLACE - Cbox